Market Share of APAC Electric Vehicle Industry
The Asia-Pacific Electric Vehicle market is consolidated and led by regionally established players. The companies adopt strategies such as new product launches, collaborations, and mergers to sustain their market positions. For instance
In September 2023, Chinese EV maker Nio announced a tech licensing deal with Forseven. The agreement will give electric car startup the license to use Nio's technical information and software for research and vehicle manufacturing.
Some of the major players in the market include Toyota Motor Corporation, Tesla Motors Inc., Nissan, BYD Co Ltd, Honda Motor Company Ltd, General Motors Group, Hyundai Kia Automotive Group, and others.
Asia Pacific Electric Vehicle Market Leaders
Toyota Motor Corporation
Tesla Inc
Honda Motor Company
BYD Auto Co., Ltd
BMW AG
*Disclaimer: Major Players sorted in no particular order
