According to the latest edition of the International Energy Agency’s (IEA) Global Electric Vehicles Outlook, over one million electric cars were sold around the world in 2017. The cumulative number of electric and plug-in hybrid cars is estimated to be around 3 million, with China being the largest Electric Vehicle (EV) market in the world. China accounts for half the volume with 580,000 electric vehicles sold in 2017, clocking a 72 percent year-on-year increase.
Several factors are driving the growth of EVs in China, such as supportive government policies, stringent emission regulations, low/zero emission vehicle mandates and tighter fuel-economy standards. The Chinese government is encouraging its citizens to shift from the internal combustion to electric engines by enforcing policies and offering subsidies to generate demand for electric vehicles. As a response to these moves, around 500 EV companies have been established in China since 2013.
At present, five of the top ten EV companies are Chinese. We present here a competitive landscape of the Chinese EV market with an analysis of the six leading Chinese automobile players – BYD, BAIC, SAIC Motor, Geely and Chery. We take a closer look at their overall patent portfolios as well as those assets that directly address electric vehicles (EV) and related technologies such as hybrid vehicles, electric bikes and batteries.
As seen in Figure 1, BYD’s overall portfolio as well as its EV-specific filings show a consistent upward publication trend compared to the other competing companies listed above.China is the preferred jurisdiction for the Chinese EV companies, with more than a 95% cumulative share of all the published applications filed by them. However, BYD shows a slight departure from this trend. Figure 2 shows us that BYD has a higher number of patent publications in the US and EP jurisdictions, than the other competing companies studied in this report.
BYD produces the E6, a hatchback EV with a two-hour fast charge option. Another BYD model, the Song, is more popular among Chinese consumers as it’s one of the few compact crossover hybrids available.
BYD started as a battery manufacturer and thus owns a significantly larger number of patent assets addressing battery-related technologies, compared to the other Chinese EV companies.
Chery produces a cost-effective electric mini-car called eQ that is one of the most affordable EVs on the market. Geely owns a company called Zhi Dou that produces the D2, an ultra-compact electric two seater. SAIC is one of the oldest Chinese car manufacturers and has joint ventures in place with Volkswagen (VW) and General Motors (GM). It produces and sells vehicles under the VW and GM brand names. BAIC acquired a leading Chinese EV manufacturer called BJEV in 2017. BAIC produces a large range of EVs, including mid-sized sedans, SUVs, and luxurious sedans.
Figure 3 shows the distribution of the top EV technologies across BYD, Chery, Geely, SAIC and BAIC.
A category-wise competitor comparison shows that BYD leads in most of the technology categories followed by BAIC.
BYD’s patent assets in the different categories, are comparable to those of the global EV companies.
Read our report to get the complete picture.
With the expansion of the Chinese EV market, it seems clear that the EV segment of the automotive market will not be driven only by the large incumbent European and Japanese players. The traditional auto manufacturers in China are shifting their focus to electric vehicles, and are being joined by other new tech companies that are emerging on the stage. These companies are working towards meeting the growing demand for EVs in China and have become the main drivers of the EV market. It will be interesting to track the growth of these companies, not just in China, but also as they perhaps expand their markets worldwide.
The dilemma of where when and how much to invest in the innovation space is a critical factor...Know More
M&A is a strategic process, aimed at a mutually supportive and complementary association, resulting in a synergized end...Know More
Innovation reaches a dead-end if it cannot be monetized if the innovator fails to trace and reach out...Know More
Management of IP assets is costly and labor-intensive. Relecura offers classifier tools for categorizing and organizing data automatically...Know More
Relecura’s forte is its flexibility and adaptability to address specific problems and close-fitting solutions. The basic problem is that innovators are often not able to identify the industrial and commercial significance of their innovation as due diligence takes long days of analyses necessitating a deviation from their regular and familiar activities. And it is a tedious iteration process. The latest custom AI capabilities help you assess the commercial value of innovation and technical due diligence can be automated to yield meaningful and immediate results. The repetitive tasks could be automated, and your time and energy could be devoted to strategic missions.
Management of large Innovation data is costly and labor intensive. Relecura offers AI Powered classification tools for categorizing and organizing data automatically and instantly. Automated Categorization against suitably chosen training documents keeps your innovation portfolio updated and lucidly classified, amenable to instant analyses.
Relecura offers fully automated custom AI solutions to track and explore developments in different technology areas. You can stay updated on the latest developments in different companies and technologies of your interest, which facilitates intelligent decision-making.
Competitive intelligence is a prerequisite for strategic decision making. Relecura provides tools to track the innovation and publication dynamics of your competitors, based on which you can prioritize your innovation initiatives and thus hone up your competitive edge.
Relecura uses white space analysis within its product platform known as the TechTracker, an AI powered tool that provides insights on various technological trends and offers a peep into your competitor’s patent arsenal. Additionally, it helps you keep track of emerging organizations and technologies to help you manage your budgets and investments, optimally.
“Relecura helps us remain innovative by allowing us to see where the competition is playing through the landscaping tools. It lets us see where there are new opportunities and helps us focus in on those areas in an intelligent way.”
“Ralecura helps us ride the crest of innovation wave keeping a competitive edge. It helps us identify the white spaces and where the opportunities are.”
‘Our policy decisions regarding the focus areas of research and investment are being taken based on the insights offered by the custom AI tool, TechTracker, which offers a clear picture about the emerging technologies, companies, and the white spaces on the technology landscape of the key players. This helps us optimize resource utilization and maximize returns,’
‘The Classifier tool, introduced by Relecura, is indeed useful in managing and updating large datasets. After having subscribed to that AI-powered tool, inhouse big data management, and analyses have become easier and hassle-free,’
‘Relecura platform is fueled by the latest technologies and the tools that the platform hosts make our inhouse innovation management smooth and accurate, in addition to being synchronized with the global technology frontline,’
Make faster, better technology decisions with Relecura
Our professional services offer training and support to minimise time-to-value on the Relecura platform and make more timely, confident IP decisions