China NEV Taxi Market

NEV Taxi Market - China Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020

NEV (New Energy Vehicle) taxi refers to a vehicle using unconventional vehicle fuels as a source of power, or a vehicle using conventional fuels with advanced automotive propulsion systems. Taxis in China travel around 450 kilometers on daily basis. Considering their high number and long working hours, introduction of new energy vehicle taxis in China offer an opportunity to limit fuel consumption and curb emissions.
 
Government support in form of financial subsidies and tax incentives coupled with advancements in battery technology are the major factors driving this market. With rapid urbanization, the number of vehicles in China has grown considerably, resulting in increased air pollution, and fuel consumption. This has necessitated the central government in China to promote the use of new energy vehicles. In spite of these growth factors, absence of comprehensive charging infrastructures and high cost of batteries have collectively inhibited the growth of NEV taxis in China. However, their lies tremendous opportunity for growth of new energy vehicles in China, especially, in the field of V2G (Vehicle-to-Grid) and battery swapping technology. Moreover, use of REEVs (Range Extended Electric Vehicle) is an opportunity area, especially over the next few years till the Chinese market becomes mature enough to support mass production of BEVs (Battery Electric Vehicles).
 
In China, majority of NEV taxis are state-owned and are operated through taxi companies that receive support from the government. In 2012, company owned NEV taxis accounted for over 3/4th of the total NEV taxi market in China. With commuters preferring public vehicles over private taxis, the dominance by company-owned taxis is expected to continue over the forecast period from 2014 to 2020. In 2012, short range (80km – 150 km) NEV taxis accounted for the majority of market share. However, with advancements in battery technology, long range NEV taxis are expected to outnumber short-range NEV taxis over the forecast period from 2014 to 2020. Major industry participants include BYD Auto Co., Ltd., Anhui Jianghuai Automobile Co Ltd (JAC), Beijing Automotive Industry Holding Co., Ltd. (BAIC), Changan Automobile Co., Ltd, Beiqi Foton Motor Co., Ltd. and Dongfeng Nissan Passenger Vehicle Company among others.
     
    Chapter 1 Preface
    1.1 Report description
    1.2 Research scope
    1.3 Research methodology
     
    Chapter 2 Executive Summary
     
    Chapter 3 NEV Taxi Market Overview
    3.1 Introduction
    3.2 Total number of taxis in China by region, 2013
           3.2.1 Total number of taxis in China, 2012 – 2020
    3.3 NEV policies and subsidies in China (by region)
           3.3.1 Overview of national and regional price subsidies in China
           3.3.2 Beijing
           3.3.3 Shanghai
           3.3.4 Guangdong
           3.3.5 Taiwan
           3.3.6 Others (Jilin, Anhui, Liaoning, Heilongjiang, Zhejiang etc.)
    3.4 China electric vehicle battery OEMs
    3.5 Battery specification overview for China market
    3.6 Information on battery suppliers
           3.6.1 Zhejiang Wanxiang Group
           3.6.2 Beijing Pride Power System Technology Limited.
           3.6.3 CITIC Guoan MGL New Energy Technology Co., Ltd.
    3.7 Taxi companies in China
    3.8 Market trends and future outlook
           3.8.1 Specific NEV taxi sales target
    3.9 Market dynamics
           3.9.1 Drivers
                    3.9.1.1 Government support and favorable government policies
                    3.9.1.2 Increased traffic congestion leading to air quality issues
                    3.9.1.3 Oil price and independence
                    3.9.1.4 Advancements in battery technology
           3.9.2 Restraints
                    3.9.2.1 Absence of comprehensive charging infrastructure
                    3.9.2.2 Cost of vehicles/batteries
                    3.9.2.3 Safety and reliability
           3.9.3 Opportunities
                    3.9.3.1 Sustainable electric mobility
                               3.9.3.1.1 Methodology
                    3.9.3.2 Use of battery swap model
                                3.9.3.2.1 Battery swapping business status in China
                    3.9.3.3 Vehicle-to-Grid (V2G) technology
                    3.9.3.4 Use of Range-Extended Electric Vehicles (REEVs)
    3.10 Porters five force analysis
            3.10.1 Bargaining power of suppliers
            3.10.2 Bargaining power of buyers
            3.10.3 Threat of substitute products
            3.10.4 Threat of new entrants
            3.10.5 Degree of competition
    3.11 Value chain analysis
    3.12 Competitive analysis, 2013
            3.12.1 Leading NEV taxi operating companies in China
                      3.12.1.1 Pengcheng Electric Vehicle Taxi Co. Ltd.
                                   3.12.1.1.1 Business overview:
                      3.12.1.2 Fangshan Fangan Taxi Company
                                   3.12.1.2.1 Business overview
                      3.12.1.3 Tong Hui Jie Electric Taxi Company
                                   3.12.1.3.1 Business overview
                      3.12.1.4 Beijing Guichuan Taxi Co., Ltd.
                                   3.12.1.4.1 Business overview
                      3.12.1.5 Nanjing Jiangnan Electric Taxi Ltd.
                                   3.12.1.5.1 Business overview
    3.13 Market attractiveness by taxi range, 2013
     
    Chapter 4 China NEV Taxi Market, by Owner Type
    4.1 Introduction
          4.1.1 China NEV taxi market, by owner type, 2013 & 2020 (%)
    4.2 Company owned
          4.2.1 China company owned NEV taxi market, 2012 – 2020
    4.3 Individually owned
          4.3.1 China individually owned NEV taxi market, 2012 - 2020
     
    Chapter 5 China NEV Taxi Market, by Taxi Range
    5.1 Introduction
          5.1.1 China NEV taxi market, by taxi range, 2013 & 2020 (%)
    5.2 Short range
          5.2.1 China short range NEV taxi market, 2012 – 2020
    5.3 Long range
          5.3.1 China long range NEV taxi market, 2012 – 2020
     
    Chapter 6 Company Profiles
    6.1 BYD Auto Co., Ltd.
          6.1.1 Company overview
          6.1.2 Financial overview
          6.1.3 Product specification (NEV Taxi)
          6.1.4 SWOT analysis
          6.1.5 Business strategy
                  6.1.5.1 Focus on research and development
                  6.1.5.2 Growth through inorganic expansion
          6.1.6 Recent developments
    6.2 Anhui Jianghuai Automobile Co., Ltd
          6.2.1 Company overview
          6.2.2 Financial overview
          6.2.3 Product specification (NEV Taxi)
          6.2.4 SWOT analysis
          6.2.5 Business strategy
                  6.2.5.1 Innovation and new product development
                  6.2.5.2 Focus on research and development
          6.2.6 Recent developments
    6.3 Beijing Automotive Industry Holding Co., Ltd
          6.3.1 Company overview
          6.3.2 Financial overview
          6.3.3 Product specification (NEV Taxi)
          6.3.4 SWOT analysis
          6.3.5 Business strategy
                  6.3.5.1 Growth through strategic partnerships and focus on R&D
          6.3.6 Recent developments
    6.4 Beiqi Foton Motor Co., Ltd.
          6.4.1 Company overview
          6.4.2 Financial overview
          6.4.3 Product specification (NEV Taxi)
          6.4.4 SWOT analysis
          6.4.5 Business strategy
                  6.4.5.1 Business Expansion
          6.4.6 Recent developments
    6.5 Chongqing Changan Automobile Company Limited
          6.5.1 Company overview
          6.5.2 Financial overview
          6.5.3 Product specification (NEV Taxi)
          6.5.4 SWOT analysis
          6.5.5 Business strategy
                  6.5.5.1 Business expansion through strong R&D capabilities
          6.5.6 Recent developments
    6.6 ZAP Jonway, Inc.
          6.6.1 Company overview
          6.6.2 Financial overview
          6.6.3 Business strategy
                  6.6.3.1 New product development
                  6.6.3.2 Focus on expanding sales distribution network
          6.6.4 SWOT analysis
          6.6.5 Recent developments
    6.7 Dongfeng Nissan Passenger Vehicle Company
          6.7.1 Company overview
          6.7.2 Financial overview
          6.7.3 Product specification (NEV Taxi)
          6.7.4 SWOT analysis
          6.7.5 Business strategy
                  6.7.5.1 Focus on investments for technological innovations
          6.7.6 Recent developments
    6.8 Zhejiang Geely Holding Group Co., Ltd.
          6.8.1 Company overview
          6.8.2 Financial Overview
          6.8.3 Product specification (NEV Taxi)
          6.8.4 Business strategy
                  6.8.4.1 Focus on research and development
          6.8.5 SWOT analysis
          6.8.6 Recent developments
    6.9 China FAW Group Corporation
          6.9.1 Company overview
          6.9.2 Financial Overview
          6.9.3 Product specification (NEV Taxi)
          6.9.4 SWOT analysis
          6.9.5 Business strategy
                  6.9.5.1 Investment in research and development
                  6.9.5.2 Increasing production capacity
          6.9.6 Recent developments
    List of Tables
     
    TABLE 1 China NEV taxi market snapshot
    TABLE 2 New Energy Vehicle sales in China
    TABLE 3 Ratio of total number of taxis to population in different provinces
    TABLE 4 Infrastructure promotion policies for new energy vehicles
    TABLE 5 Tax subsidies policies for new energy vehicles
    TABLE 6 Overview of national and regional subsidies
    TABLE 7 Electric Vehicle Battery Manufacturers in China
    TABLE 8 Battery specification overview
    TABLE 9 Information  on Zhejiang Wanxiang Group
    TABLE 10 Information on Beijing Pride Power System Technology Limited
    TABLE 11 Information on CITIC Guoan MGL New Energy Technology Co., Ltd
    TABLE 12 Taxi companies in China
    TABLE 13 Roadmap of new energy vehicles in China, 2009 - 2020
    TABLE 14 NEV taxi sales target
    TABLE 15 Impact analysis of drivers
    TABLE 16 Carbon dioxide emissions from the consumption of energy
    TABLE 17 Carbon dioxide emissions from the consumption of petroleum
    TABLE 18 Impact analysis of restraints
    TABLE 19 Number of charging stations and charging piles in China, 2012 and 2013
    TABLE 20 Profit earned with NEV taxis
    TABLE 21 Suppliers of battery swapping technology in China
    TABLE 22 Product specification of e6 EV model (NEV Taxi)
    TABLE 23 Product specification of  iEV model (NEV Taxi)
    TABLE 24 Product specification of  E150 EV model (NEV Taxi)
    TABLE 25 Product specification of  Midi EV model (NEV Taxi)
    TABLE 26 Product specification of E30 EV model (NEV Taxi)
    TABLE 27 Product specification of Venucia E30 model (NEV Taxi)
    TABLE 28 Product specification of EK-2 EV model (NEV Taxi)
    TABLE 29 Product specification of Besturn B50 EV model (NEV Taxi)

    List of Figures 

     

    FIG. 1 Market segmentation: China NEV Taxi Market

    FIG. 2 China NEV taxi market, 2012 – 2020 (USD Million) (Units)

    FIG. 3 Number of taxis in China, 2012 – 2020 (million units)

    FIG. 4 Oil consumption and production in China, 2008 – 2013

    FIG. 5 Gasoline demand in China (Based on Auto sales), 2008 – 2012

    FIG. 6 Lithium-ion battery selling price, 2011- 2017 (USD/kWh)

    FIG. 7 Number of charging points, by cities, 2011

    FIG. 8 Number of charging stations, by cities, 2011

    FIG. 9 Number of charging stations, 2012 - 2015

    FIG. 10 China NEV taxi: Porters five forces analysis

    FIG. 11 Value chain analysis of the NEV taxi market in China

    FIG. 12 Market share of leading NEV taxi manufacturers in China, 2013

    FIG. 13 China NEV taxi market attractiveness, by taxi range

    FIG. 14 China NEV taxi market, by owner type, 2013 & 2020 (%)

    FIG. 15 China company owned NEV taxi market, 2012 - 2020

    FIG. 16 China individually owned NEV taxi market, 2012 - 2020

    FIG. 17 China NEV taxi market, by taxi range, 2013 & 2020 (%)

    FIG. 18 China short range NEV taxi market, 2012 - 2020

    FIG. 19 China long range NEV taxi market, 2012 - 2020

    FIG. 20 BYD Company Ltd annual revenue, 2011 – 2013 (USD billion)

    FIG. 21 Anhui Jianghuai Automobile Co., Ltd annual revenue, 2010 – 2012 (USD billion)

    FIG. 22 Beijing Automotive Industry Holding Co., Ltd. annual revenue, 2011 – 2012 (USD billion)

    FIG. 23 Beiqi Foton Motor Co., Ltd. annual revenue, 2010-2012, (USD Billion)

    FIG. 24 Changan Automobile Company Limited annual revenue, 2010-2012, (USD Billion)

    FIG. 25 Zap Jonway, Inc., 2010-2012, (USD million)

    FIG. 26 Dongfeng Nissan Passenger Vehicle Company, 2010-2012, (USD billion)

    FIG. 27 Zhejiang Geely Holding Group Co., Ltd. annual revenue, 2010 – 2012 (USD Billion)

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