Mapping the players dominating China’s cleantech space


Draft guidelines on pricing, frameworks, and compliance may reshape Chinese automotive industry; BYD and other automakers publicly commits to alignment.
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The limited edition models adopt refreshed front lighting, larger air inlets, and closed grille design.
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EVs are driving the next generation of mobility globally, and the momentum behind electric vehicles has never been stronger. According to the IEA, EVs reduced oil demand by more than 1.3 million barrels per day in 2024, with that displacement increasing by ~30% year-on-year. And no group has contributed more to that surge than Chinese EV makers.
In just a few years, several Chinese brands have leapfrogged long-established Western automakers due to their aggressive innovation cycles and affordability. Take BYD, for example. It has surpassed Tesla in global pure electric vehicle (BEV) sales for much of 2025.

But it’s not just BYD. China has more than a dozen prominent EV brands that are competing fiercely in the global EV market. So if you’re trying to get a sense of which Chinese EV brands actually matter right now, here are the top five you should know.
Let’s start with BYD, because there’s really no way around it. The company started its business in 1995 as a manufacturer of rechargeable batteries, but is now among the world’s top EV makers that rivals Tesla in sheer volume.
But what makes BYD interesting isn’t the sales figures. Plenty of companies can chase that number. It’s how BYD got to the point where it is now.

The company builds almost everything in-house, from its now-famous Blade Battery to its own chips and even large parts of its software stack. It’s one of the few automakers that can legitimately claim control over most of its supply chain.
That level of vertical integration allows BYD to produce EVs at prices that often feel almost impossible by Western standards, while still maintaining healthy margins.
Its lineup is also massive, spanning tiny city cars, sleek electric sedans, and premium SUVs. Apart from China, the company is rapidly expanding across Europe, Asia, South America, and even Australia.
Geely is another Chinese brand that’s making rounds in the EV space. And unlike BYD, it uses a more segmented strategy to sell its cars.
Geely manufactures and sells its vehicles under different sub-brands: Zeekr for premium and tech-focused buyers, Geometry for affordable EVs, and several others that sit in between. This approach lets Geely target almost every pricing tier without confusing buyers about what each badge stands for.

And because Geely owns stakes in Volvo, Polestar, and even parts of Mercedes-Benz’s parent company, it benefits from deep experience in global markets.
In 2024, Geely achieved a 2.7% market share in the global market, ranking 6th overall, ahead of Volkswagen.
NIO is one of the more interesting car manufacturers to come from China. It technically sells electric SUVs and sedans, but for NIO, the real selling point is the experience it offers.
For instance, all NIO cars are designed with battery swapping (Power Swap) technology as a core feature. And if you guessed it, yes, a driver can simply exchange a depleted battery for a fully charged one in minutes.
As of late 2025, NIO’s battery swap infrastructure boasts over 3,400 stations in China, 59 stations in Europe, and 1 in the UAE.

NIO cars also come with NOMI, the world’s first in-vehicle AI assistant. NOMI can learn driver habits, engage in natural conversation, and execute multiple commands simultaneously.
And it’s not just EVs; NIO creates “lock-in” through services that go well beyond transportation. It operates NIO Houses, which are essentially luxurious clubhouses for owners, featuring cafés, libraries, meeting rooms, and children’s play areas.
Likewise, NIO Life is a lifestyle brand offering over 1,000 products, from sustainable fashion to home goods, used by over 50% of its customer base. Not to forget, NIO also has a smartphone line with its second model (NIO Phone 2) launched in 2024.
NIO crossed over 30,000 deliveries in a single month for the first time in late 2024. In 2025, it expanded its EV offerings with sub-brands like ONVO (family-friendly SUVs) and Firefly (small city EVs).
Like NIO, XPeng is one of the newer players in China’s EV scene, doing business since 2014. Its first product was the G3 SUV in 2018, which was soon followed by the P7 electric sedan in 2019.
What sets XPeng apart is the company’s fixation on pushing AI deeper into mobility. Alongside its growing lineup of cars, XPeng has been building out an entire tech ecosystem, including what it calls the first AI-integrated operating system for vehicles, the AI Tianji System (XOS 5.1.0).

The company has also rolled out a full suite of AI-driven intelligent driving models — XNet, XPlanner, and XBrain — plus the world’s first 40-core chip designed for AI-defined cars, robots, and even flying vehicles, known as XPeng Turing.
One of XPeng’s recent breakout hits is the Mona M03, an electric sedan packed with smart-driving tech that starts at just $17,000 in China.
Li Auto is a bit of an odd one on this list, but in a good way. While most of the others here lean heavily into pure battery EVs, Li Auto is better known for its range-extender EVs. These are essentially electric cars with a small gasoline engine that charges the battery when needed.
Purists might roll their eyes, but buyers love them, especially in areas where charging infrastructure still isn’t great. And the sales numbers speak for themselves.

Li Auto delivered over 500,000 vehicles in 2024, a jump from 376,030 in 2023. But the growth is more significant this year as its cumulative deliveries reached 1.4 million units by September 2025.
Not everyone is ready to jump fully into EV life, and plenty of places still don’t have the charging infrastructure to make it practical. And Li Auto is targeting that demographic.
Instead of pushing buyers into something that doesn’t suit their daily needs, it offers a middle ground. Once charging becomes as easy as filling a tank, Li Auto will likely pivot harder into pure EVs, but for now, it’s playing a smart, practical game.
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Nio's Onvo CEO claims large EREV batteries are wasteful as 40% of L90 owners opt for battery downgrades.
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The Onvo L90 Black Knight Edition full-size electric crossover from Nio started deliveries in China with a price tag of 31,060 USD.
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