Summary
Production volumes of new energy vehicles (NEVs) from January to February 2018 increased 225.5% y/y to 82,000 units, and sales volumes increased by 200% to 75,000 units, representing a significant increase from 2017. Beijing Electric Vehicle Co., Ltd. (BJEV), BYD, and SAIC, all of whom are major China automakers, held the top 3 market positions in terms of NEV sales in the January to February timeframe. In China, the NEV market is benefitting from the government's EV development policy, and companies other than those in the automotive sector, such as IT companies, are entering the EV manufacturing segment; therefore, going forward, it will be necessary to monitor the trends of the emerging EV automakers.
Many of the emerging EV automakers are being financed with investment funds by companies such as Baidu, Alibaba, and Tencent (known as "BAT") and Foxconn, the world's largest electronics manufacturing service (EMS) companies. In addition to establishing a global development footprint, the emerging NEV manufacturers are gathering the required human resources from around the world, and have been able to develop electric vehicle models in a relatively short timeframe since being incorporated.
This report focuses on five companies among the many emerging EV automakers in China, such as Xiaopeng (Xpeng) and the Future Mobility Corporation (FMC) who exhibited its vehicles at CES 2018, as well as Yudo New-Energy Automobile Co. (YUDO AUTO), which released its small electric SUV, the Π (Pie)1, in October 2017.
Related Reports:
2018 China Market Forecast: 29.98 million units; automakers cautious (Mar. 2018)
The Chinese market in 2017: 3% increase to 28.879 million vehicles, SUVs exceed 10 million vehicles (Mar. 2018)
The current situation of China's NEV market (Jan. 2018)
BYD: Leading China's EV market, pressing ahead with battery resource development (Oct. 2017)
Local Reconstruction Note
This article has been expanded from the visible local mirror text, headings, tags, image captions, tables, and related local article titles. It is presented as a reconstructed reading version, not as a hidden original document.
Baidu, Alibaba, and Tencent investing to support emerging EV automakers
The source outline identifies this section as part of “Emerging Chinese EV makers: Rapid development with IT investment and partnerships”. Based on the available local metadata, this section should be read through the lens of Byton, Mobileye, Yudo, Tencent, Soueast, NIO ES8 and the visible introduction, figures, captions, and tables.
NIO: Vehicle production alliance with JAC Motors, releasing the "ES8" SUV at the end of 2017
The source outline identifies this section as part of “Emerging Chinese EV makers: Rapid development with IT investment and partnerships”. Based on the available local metadata, this section should be read through the lens of Byton, Mobileye, Yudo, Tencent, Soueast, NIO ES8 and the visible introduction, figures, captions, and tables.
Future Mobility Corporation (FMC): Plans to launch its new SUV as the next-generation smart device in 2019
The source outline identifies this section as part of “Emerging Chinese EV makers: Rapid development with IT investment and partnerships”. Based on the available local metadata, this section should be read through the lens of Byton, Mobileye, Yudo, Tencent, Soueast, NIO ES8 and the visible introduction, figures, captions, and tables.
Xpeng: Unveiled its "G3" electric SUV at CES 2018, constructing a new plant in Guangdong province
The source outline identifies this section as part of “Emerging Chinese EV makers: Rapid development with IT investment and partnerships”. Based on the available local metadata, this section should be read through the lens of Byton, Mobileye, Yudo, Tencent, Soueast, NIO ES8 and the visible introduction, figures, captions, and tables.
WM Motor: Intelligent and connected car to launch in 2018
The source outline identifies this section as part of “Emerging Chinese EV makers: Rapid development with IT investment and partnerships”. Based on the available local metadata, this section should be read through the lens of Byton, Mobileye, Yudo, Tencent, Soueast, NIO ES8 and the visible introduction, figures, captions, and tables.
Related Local Signals
Nearby records in the local archive include Taipei AMPA 2026: Foxconn’s EV Technology; Smart Energy Week 2026: Batteries and Charging; Electrified Vehicle (xEV) Sales Monthly Report (March 2026); Geely i-HEV Intelligent Hybrid Technology Presentation. These titles can be used as adjacent evidence when comparing suppliers, technologies, markets, and reporting periods.