Asia Pacific Automotive High Performance Electric Vehicles Market Share

Market Share of Asia Pacific Automotive High Performance Electric Vehicles Industry

The most prominent players in the high-performance electric vehicle market are Toyota Motor Corporation, Daimler (Mercedes-Benz), BMW, Hyundai, Nissan, and Kia. OEMs are concentrating on developing more affordable electric vehicles with more fantastic ranges. For instance,

• November 2022: Hindustan Motors announced the signing of a Memorandum of Understanding (MOU) to expand its electric vehicle domain across the border to improve the production of an eco-friendly electric vehicle.

Toyota planned to introduce more plug-in hybrid versions of existing vehicle models due to rising sales of plug-in hybrid vehicles in Asia Pacific, particularly in China. The company intends to introduce plug-in hybrid versions of the Corolla and Levin in the country.

Furthermore, General Motors, the US automaker, plans to launch more than ten plug-in hybrid electric vehicles, including PHEV versions of existing models such as the Cadillac CT6, which may be manufactured in Shanghai. The company's joint venture with SAIC is expected to be the country's manufacturing plant for plug-in hybrid vehicles.

APAC Automotive High Performance Electric Vehicles Market Leaders

1. Toyota Motor Corporation

2. BMW

3. Nissan Motor Co. Ltd

4. BYD Auto Co.,

5. Hyundai

*Disclaimer: Major Players sorted in no particular order