Top 10 Chinese E-Car Companies

About two years ago, the world’s number one billionaire and value investor Warren Buffet invested in a Chinese company that makes batteries, electronics, cars and solar equipment. He bought a 10% stake in the company, which cost him around $232 million. But today it’s valued at nearly $2 billion.

So why Buffet do what he did? Buffet and his business partners believe that both “the automobile and energy industries are on the verge of a major transformation.” They see the promising bright future that electric cars bring. And with that, China plays a big role in manufacturing solar powered electric vehicles or EVs.

Here are the top 10 electric car manufacturers in China:

#10 China Peace Group Co., Ltd.

This electric car company focuses on the design, production, and marketing of electric-powered bicycles, motorcycles, scooters, dirt bikes, ATVs, go karts, RC CARS as well as generators.

#9 Jiangxi Hongdu Voyage Industry Group Changzhou Hongdu E-Bicycle Co., Ltd.

The Jiangxi Hongdu Voyage Industry was established in 2001 as an enterprise under the Jiangxi Hongdu Aviation Group and Changzhou Yucheng Ele. Co., Ltd.

#8 BYD Auto

Based in Shenzhen, Guangdong Province, BYD Auto was established in 2003 as part of the BYD Company Limited, which was founded in 1995. This automobile manufacturer is known as the maker of 65% of the world’s nickel-cadmium batteries and 30% of the world’s lithium-ion mobile phone batteries. It is also this company that Warren Buffet invested into in 2008.

#7 Wuxi Celimo Vehicle Manufacturing Co. Ltd.

Heralded as China’s largest motorcycle manufacturers, this electric car maker can produce 300,000 motorcycles and 500,000 e-bikes each year. Likewise, Wuxi Celimo Vehicle Manufacturing Co., Ltd. also manufactures EVs.

#6 Liuzhou Wuling Motors Co., Ltd.

Liuzhou Wuling Motors Co. Ltd. is a state-owned enterprise group. It was founded in 1996. Today, it is one of the 500 largest machinery enterprises in China. The company is authorized to operate under the government of Guangxi Zhuang Autonomous Region.

#5 Interchina Industry Group Co., Ltd

Since 1999, this automobile maker has been manufacturing e-scooters, e-tricycles as well as e-cars. More so, Interchina Industry Group also invests in certain factories in Zhejiang, Jiangsu and Hebei. The company headquarters are in Jiangsu and has an exporting office in Shanghai.

#4 Jiangmen Yetong Electric Vehicle Company Limited

This car company is an overseas-funded enterprise established by the president of Hongkong Yetong Co., Ltd., Mr. Chan King Luen, who is also a former member of Guangdong Political Consultative Conference.

#3 CMEC Suzhou Co., Ltd.

CMEC Suzhou is the primary exporter of numerous EVs, car accessories and equipment. Established in 1987, the automobile company is also a professional oversea project conductor. Headquartering in Beijing, this car maker also has business ventures in parking systems and trains.

#2 Suzhou Eagle Electric Vehicle Manufacturing

Suzhou Eagle Electric Vehicle Manufacturing Co Ltd. is China’s leading manufacturer of EVs. Founded in 1998, this electric car maker specializes in the design and manufacture of 4-wheel electric vehicles.

#1 Jinhua Golden Eagle Auto Accessories Manufacturing Co., Ltd

Jinhua Golden Eagle Auto Accessories Manufacturing Co., Ltd. is probably the oldest car company in China. Established in 1967, the company researches and produces a series of hardware products. It is also the country’s leading international trade enterprise that lies in Flying Eagle Industrial Zone in West Yongkang near the city of Zhejiang.

Posted in Uncategorized | Tagged | Comments Off on Top 10 Chinese E-Car Companies

Automotive Manufacturing Trends for 2012

There are a lot of interesting trends in 2012 in the auto manufacturing sector. We’ve recently noted that China is trying to cut back on foreign automakers selling in their country, putting on more restrictions. This is not good for US, Japanese or European auto makers. Indeed, due to the natural disaster in Japan with the major earthquake and tsunami the Japanese automakers are still trying to recover, and the floods in Thailand didn’t help either.

However, with those major supply chains disrupted it has been a boon for US automakers which have taken back nearly all of the market share gains that the Japanese automakers had secured in the last four years. But that doesn’t mean everything is great with the US automakers either, there are still tens of thousands of former auto workers still out of work, and we aren’t nearly back to our 17 million cars sold each year as we were back in 2005 to 2007.

Although the Obama Administration is taking credit for the spectacular showing of GM and Chrysler after the bailouts, things are not really as stellar as we might believe. This is not a political statement, just an industry reality. For instance General Motors’ Volt has been a total flop, and the cost of batteries for these electric cars has driven up the cost where the return on investment just doesn’t make sense even with the potential of gasoline prices surging over five dollars per gallon in the spring and summer of 2012.

Another interesting trend which hasn’t gotten a lot of press, although there were articles in the Wall Street Journal, has a do with the fact that the younger generation is spending more time online at Facebook, and many of the kids don’t even care to own the car, they can stay in touch with their friends online. In fact it used to be when a young man turned driving age he wanted to get a car to impress the girls, but now he doesn’t need a car, he can impress them with cool photos on his Facebook page.

The reality that this demographic is not buying new cars is going to hurt US automakers on the low end, it means their entry level cars will not be selling as well, and many of these kids will be entering the car market 5 to 10 years later than usual. Many of these kids may grow up to be 25 to 28 years before they buy their first car, perhaps after college and getting a degree.

Of course by then they will have substantial student loans and will not be able to afford them anyway. These are just some of the trends in the auto manufacturing sector in 2012, but you should probably subscribe to my articles so that you don’t miss up-and-coming trends as they occur.

Posted in Uncategorized | Tagged | Comments Off on Automotive Manufacturing Trends for 2012