The worldwide market for Automotive High Performance Electric Vehicles is expected to grow at a CAGR of roughly 37.2% over the next five years, will reach 284100 million US$ in 2023, from 42600 million US$ in 2017.In 2016, China is the largest supplier and consumption market of Automotive High Performance Electric Vehicles with market share of 64.92% due to the largest population. Following China, both Europe and USA occupied market share about 15%.
From the initial, the R & D costs is very high, so the gross margin is minus, in a very long period of time, they are in a loss of state, the price is very high than the similar performance, the average price depends on the product type structure.
The classification of Automotive High Performance Electric Vehicles includes passenger and commercial vehicle, and the proportion of passenger in 2016 is about 83%, and the proportion is in increase trend from 2012 to 2016.
Market Segment by Manufacturers:
Tesla, Nissan, BYD, ZOTYE, Ranault, Yutong, BMW, Volkswagen, JAC, Chery, Zhong Tong, King-long, KANDI, SAIC.