About Electric Vehicles sector in China
The Electric Vehicles sector in China comprises 1.95K companies, including 279 funded companies having collectively raised $63.7B in venture capital money and private equity. Out of these, 149 are Series A+ funded, and 15 have achieved unicorn status.
Electric Vehicles sector in China has seen 12 acquisitions and 38 IPOs.
This sector includes companies which help technology advancement in electric vehicle industry.
Electric Vehicles sector is also known as Green Vehicles or Electric Mobility.
Developers and manufacturers of electric vehicles (passenger and commercial vehicles including cars, trucks, buses, scooters, motorcycles, bicycles and personal transport equipment, marine vehicles, aerial vehicles, rail solutions, and off-highway vehicles which are used for construction, mining, farming, forklifts, etc. ), developers of charging infrastructure to support the electric vehicles and technology developers focusing on improving the components (Electric Drive Systems, Batteries, etc.) of electric vehicles. Also, includes online-first companies providing electric vehicle sharing and rental solutions resulting in increased adoption of electric vehicles. Sellers of EVs through retail and marketplace model are also covered. Traditional automakers such as Toyota, Renault-Nissan, General Motors, BMW, Mitsubishi, Ford, etc. which also develop electric vehicles. Also, excludes conglomerates like Panasonic, LG Chem, and Samsung which are leading battery manufacturers. Manufacturers and Ecommerce platforms selling Electric Mobility Aids are also excluded.
Top Electric Vehicles Companies in China
There are 1,951 Electric Vehicles startups in China which include A123 Systems, Ehang, Niu, BYD, Xiaopeng. Out of these, 279 startups are funded, with 149 having secured Series A+ funding, and 15 achieving unicorn status.
Over the past 10 years, an average of 68 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Tsinghua University, Hong Kong University of Science and Technology (HKUST) and University of Cambridge.
Here is the list of top Electric Vehicles startups in China
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1. A123 Systems
Manufacturer of automotive lithium-ion batteries. Its products include lithium-ion batteries for motorsports & commercial vehicles. It also provides services to industrial sectors.
Key facts about A123 Systems
- Founded Year: 2001
- Location: Hangzhou (China)
- Stage: Public
- Total Funding till date: $201M
- Investors: General Electric, Alliance Capital Ventures and 19 Others
- Latest Funding Round: Post IPO, May 24, 2012, $*****
- Tracxn Score: 76/100 What is this?
- Competitors Rank: 1 of 1,262 Competitors
2. Ehang
Developer of autonomous aerial vehicles and related command and control systems. It focuses on providing solutions for aerial transportation and related applications. The company designs, develops, manufactures, and operates these systems. It also offers services related to the operation and maintenance of its products.
Key facts about Ehang
- Founded Year: 2014
- Location: Guangzhou (China)
- Stage: Public
- Total Funding till date: $52M
- Investors: Granite Asia, GP Capital and 13 Others
- Latest Funding Round: Post IPO, Nov 14, 2024, $*****
- Tracxn Score: 76/100 What is this?
- Competitors Rank: 1 of 281 Competitors
3. Niu
Manufacturer of electric scooters, mopeds, motorcycles, and related accessories. The company designs, manufactures, and sells electric vehicles. It offers multiple models and specifications for consumer, cargo, and sharing markets. The company provides an application for users.
Key facts about Niu
- Founded Year: 2014
- Location: Beijing (China)
- Stage: Public
- Total Funding till date: $50M
- Investors: Sequoia Capital China, GSR Ventures and 9 Others
- Latest Funding Round: Angel, Oct 19, 2018, $*****
- Tracxn Score: 74/100 What is this?
- Competitors Rank: 3 of 449 Competitors
4. BYD
Manufacturer of electric cars, sedans, SUVs, batteries, and rail transit. It focuses on providing comprehensive energy solutions. The company designs and produces electric automobiles, buses, and trucks. It also manufactures batteries used in electric storage and renewable energy applications.
Key facts about BYD
- Founded Year: 1994
- Location: Shenzhen (China)
- Stage: Public
- Investors: MidAmerican Energy, Zhengxuan Investment and 14 Others
- Latest Funding Round: Post IPO, Mar 04, 2025, $*****
- Tracxn Score: 74/100 What is this?
- Competitors Rank: 4 of 1,808 Competitors
5. Xiaopeng
Manufacturer of electric vehicles, AI technology, AI automotive, and AI robots. The company focuses on developing and producing electric vehicles with integrated AI technologies. It offers various models, including sedans and SUVs, with features such as charging services and after-sales support. The company also explores AI applications in automotive and robotics.
Key facts about Xiaopeng
- Founded Year: 2014
- Location: Guangzhou (China)
- Stage: Public
- Total Funding till date: $2.65B
- Investors: Foxconn Electronics, IDG Capital and 41 Others
- Latest Funding Round: Post IPO, Mar 15, 2021, $*****
- Tracxn Score: 72/100 What is this?
- Competitors Rank: 6 of 1,130 Competitors
Companies founded year-on-year in the Electric Vehicles sector in China
115 Electric Vehicles startups in China were founded in 2017 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | 2 |
2024 | 26 |
2023 | 104 |
2022 | 87 |
2021 | 97 |
2020 | 75 |
2019 | 90 |
2018 | 86 |
2017 | 115 |
Stage-wise distribution of Electric Vehicles sector companies in China
Out of the total 1,951 Electric Vehicles companies in China, 279 have secured funding. Among them, 149 have reached Series A or higher, and 107 to Series B or beyond.
Founded - 1,951
Funded - 279
Series A+ - 149
Series B+ - 107
Series C+ - 74
Company Stage | No. of companies |
|---|---|
Founded | 1,951 |
Funded | 279 |
Series A+ | 149 |
Series B+ | 107 |
Series C+ | 74 |
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Funding Trends in the Electric Vehicles sector in China
Total funding year-on-year in the Electric Vehicles sector in China
The Electric Vehicles sector in China saw a total funding of more than $58.7B in the last 10 years. The most amount of funding was in 2022 at more than $10.1B. There has been a total funding of $499M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $499M |
2025 | $6.09B |
2024 | $3.21B |
2023 | $8.6B |
2022 | $10.1B |
2021 | $6.03B |
2020 | $9.68B |
2019 | $4.7B |
2018 | $4.36B |
2017 | $5.45B |
Recent Funding Rounds in Electric Vehicles in China
In the year 2026, till July 2026, Electric Vehicles companies in China have raised $499M in equity funding across 6 rounds.
In the same period last year (i.e. till April 2025), Electric Vehicles companies in China had raised $16.7M across 5 rounds.
So, 2026 has seen a 2896.91% rise in funding in Electric Vehicles companies in China as compared to 2025.
Here are some recent, important funding rounds in Electric Vehicles companies in China:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series C | 1492 | Jul 12, 2026 | and 4 more | |
Series B | 3829 | Jun 29, 2026 | ||
Series C | 2608 | May 27, 2026 | ||
Series C | 9041 | Apr 27, 2026 | and 2 more | |
Seed | 3277 | Apr 15, 2026 |
Top Investors in Electric Vehicles in China
Plug and Play Tech Center is the top investor in Electric Vehicles companies in China based on number of companies invested.
Here are some top investors in Electric Vehicles companies in China:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Sunnyvale (United States) | - | |
Mumbai (India) | ||
Beijing (China) | ||
Shenzhen (China) | ||
New York City (United States) |
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M&A activity in Electric Vehicles sector in China
In the year 2025, till November 2025, 2 acquisitions happened in Electric Vehicles sector in China. Last year, in 2024, a total of 5 acquisitions happened in Electric Vehicles sector in China.
Here are some recent, important acquisitions in Electric Vehicles sector in China:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Nov 18, 2025 | ||
Business Acquisition | May 19, 2025 | ||
Business Acquisition | May 21, 2024 | ||
Business Acquisition | Feb 26, 2024 | ||
Business Acquisition | Feb 26, 2024 |
Acquisition trends in Electric Vehicles sector in China
Here are the acquisition trends in Electric Vehicles sector in China:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 2 |
2024 | 5 |
2023 | 3 |
2022 | 2 |
2021 | - |
2020 | - |
2019 | 1 |
2018 | 1 |
2017 | 1 |
IPOs in Electric Vehicles in China
In the year 2026, till March 2026, 1 IPO happened in Electric Vehicles sector in China.
Here are some recent, important IPOs in Electric Vehicles sector in China:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Mar 19, 2026 | Hong Kong Exchanges (HKG) | |
Nov 05, 2025 | Hong Kong Exchanges (HKG) | |
Oct 10, 2025 | Hong Kong Exchanges (HKG) | |
May 20, 2025 | Hong Kong Exchanges (HKG) | |
May 07, 2025 | Hong Kong Exchanges (HKG) |
Colleges which produce the most Electric Vehicles companies in China
Companies founded by alumni from top colleges in the Electric Vehicles in China
Most number of Electric Vehicles startups in China have been founded by alumni from Tsinghua University, Hong Kong University of Science and Technology (HKUST) and University of Cambridge.
College | No. of companies |
|---|---|
Tsinghua University | 3 |
Hong Kong University of Science and Technology (HKUST) | 2 |
University of Cambridge | 2 |
Columbia Business School | 1 |
Columbia University | 1 |
Cornell University | 1 |
Duke University | 1 |
Massachusetts Institute of Technology | 1 |
Nanyang Technological University (NTU) | 1 |
University of California (Berkeley) | 1 |
Total funding in Electric Vehicles companies founded by alumni from top colleges in China
In the last 10 years, University of California (Berkeley) graduates' Electric Vehicles companies in China have raised the most funding among top colleges. Tsinghua University alumni are second, and Cornell University alumni are third.
College | Total Funding |
|---|---|
University of California (Berkeley) | $6.4B |
Tsinghua University | $908M |
Cornell University | $644M |
Massachusetts Institute of Technology | $644M |
Columbia Business School | $138M |
Columbia University | $138M |
Duke University | $138M |
Nanyang Technological University (NTU) | $138M |
University of Cambridge | $2.37M |
Hong Kong University of Science and Technology (HKUST) | $1.44M |
Top News in Electric Vehicles in China
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Denza Z Challenges Porsche 911 with Hypercar Power but Struggles to Deliver Sports Car EngagementGlobal Village Space•Jul 11, 2026•Denza
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Volvo, Audi on high alert over rapid rise of Tesla, BYDThe Korea Times•Apr 13, 2026•Volvo Cars, Audi, BYD, Tesla
