Shenzhen has been taking the lead in the new energy automotive industry, which is an important part of green and low-carbon environmental protection over the past ten years. It is home to world-class enterprises of R&D and manufacturing of new energy vehicles, including BYD, Wuzhoulong Motors, GreenWheel EV and their supplier chain.
Among them, BYD sold over 100,000 new energy vehicles (NEV) worldwide in 2016, being the largest seller of new energy vehicles for the second year consecutively. According to the 12th Five-Year Plan of Shenzhen for the New Energy Vehicle Industry Base Development, the output value of Shenzhen's new energy automotive industry will reach 80 billion yuan (US$12.02 billion) with 200,000 new energy vehicles produced per year by 2020.
BYD launched the F3DM, the first of its kind in China, as early as in 2008. Through continuous R&D and innovation, BYD has made considerable progress in the field of new energy vehicles. In 2016, its global share of new energy vehicles amounted to 13 percent, being the largest new energy vehicle maker for the second year consecutively, and hitting a new record of sales volume. Compared to the record of 61,722 units in 2015, its sales volume increased by 62.3 percent, which makes BYD the top brand with the highest growth over the same period around the world. BYD now offers a lineup of 18 models of passenger vehicles, covering class A cars, class B cars, SUVs and MPVs, powered by fossil fuel, all-electric or plug-in hybrid engines.
Wuzhoulong Motors is the earliest enterprise engaged in the production, research and development of new energy buses in China. The group, headquartered in Shenzhen, owns subsidiaries in Chongqing and Shenyang for manufacturing of new energy vehicles, and Guangdong Wuzhoulong Power Supply Technology Co. With a design capacity of 30,000 units per year, its products are exported to Middle East, Latin America, Africa, Asia-Pacific region and other regions.
GreenWheel EV is one of the top 10 brands of China's electric vehicle industry, and one of China’s Top 500 Brands. Apart from its headquarters in Shenzhen, GreenWheel EV is also building plants in Rugao of Jiangsu, and Foshan of Guangdong, with a capacity of producing 100,000 vehicles and 200,000 sets of key components of electric vehicles.
Shenzhen is also home to a large number of suppliers of parts and components for new energy vehicles, such as BAK Battery, Greatland Electrics, Shenzhen Inovance Technology Co. and Potevio. Insiders of the industry believe that Shenzhen have the most complete and developed industrial chain of new energy vehicles in
According to the 12th Five-Year Plan of Shenzhen for the New Energy Vehicle Industry Base Development, Shenzhen is developing an industrial base for new energy vehicles in the Pingshan District. The output value of Shenzhen's new energy automotive industry will reach RMB 80 billion yuan with 200,000 new energy vehicles and 600,000 NEV powertrains produced per year by 2020, making Shenzhen a center of R&D, testing and manufacturing of new energy vehicles and key NEV components in China and the world.