Industry Insights 2025: Competitive Landscape and Market Share of China’s Hybrid Vehicle Industry

Key Listed Companies: BYD (002594.SZ), Li Auto (02015.HK), Seres (601127.SH), Changan Automobile (200625.SZ), Great Wall Motors (601633.SH), Geely Automobile (00175.HK).

1. Regional Competition Landscape of China’s Hybrid Vehicle Industry

In terms of regional distribution, leading hybrid vehicle manufacturers in China are predominantly located in major cities such as Beijing, Shanghai, Guangzhou, and Shenzhen. Foreign automotive companies mainly focus their operations in Beijing and Shanghai, while new energy vehicle startups are spread across Beijing, Shanghai, and Guangdong. There are a few hybrid vehicle manufacturers in inland regions, including Changan Automobile in Chongqing, Chery Automobile in Anhui, and SAIC-GM-Wuling in Guangxi. Overall, the hybrid vehicle industry in China is more dynamic in first-tier cities and developed areas.

2. Competition Landscape of China’s Hybrid Vehicle Submarkets

– Gas-Electric Hybrid Vehicles

The gas-electric hybrid vehicle market in China is still largely dominated by Japanese brands. In August 2024, the total sales of the Toyota Camry reached approximately 11,400 units, while the Toyota Sienna sold around 8,100 units.

– Plug-in Hybrid Vehicles

In 2024, BYD led the sales of plug-in hybrid vehicles in China, achieving approximately 1.9 million units, while other brands sold fewer than 150,000 units each.

– Range-Extended Electric Vehicles

The top sellers in the range-extended electric vehicle segment in 2024 were Li Auto and AITO Wenjie, with sales of 490,000 and 360,000 units respectively, while other brands recorded significantly lower sales.

3. Summary of Competitive Status in the Hybrid Vehicle Industry

Analysis of market competition, growth rates, and exit barriers reveals that leading companies in the hybrid vehicle sector enjoy a significant first-mover advantage, with intense market competition. The upstream suppliers in this industry primarily consist of raw material and component manufacturers, and as technology barriers gradually diminish, the overall bargaining power of suppliers tends to be moderate. The demand for hybrid vehicles is mainly divided into commercial vehicle needs and passenger vehicle needs. Currently, hybrid commercial vehicles account for less than 1% of the market, while demand for hybrid passenger vehicles is rapidly increasing, suggesting strong bargaining power for downstream consumers. The hybrid vehicle sector is technology-intensive, with stringent market entry barriers, indicating a low threat from potential new entrants. Hybrid vehicles serve as a transitional product from gasoline to cleaner fuel technologies. Despite the emergence of various new energy technologies, hybrid technology is expected to become the most widely adopted in the near future, while hydrogen fuel and fuel cell vehicles remain distant prospects. Overall, the threat from substitutes in the hybrid vehicle industry is relatively low.

For further detailed industry analysis, refer to the China Hybrid Vehicle Industry Market Outlook and Investment Strategy Report. The research institute also provides services such as new industry track research, investment feasibility studies, industrial planning, park planning, industrial investment attraction, industry mapping, big data analysis, smart investment systems, proof of industry status, IPO consulting, and applications for specialized small giant enterprises. If you wish to reproduce or cite this article, please indicate the source.