Revenue of the Electric Vehicles in China market is projected to reach US$160.40bn in 2022. However, revenue is still expected to show an annual growth rate (CAGR 2022-2027) of 15.07%, resulting in a projected market volume of US$323.60bn by 2027.
Also China Electric Vehicles unit sales are expected to reach 7,526.4K vehicles in 2027.
The volume weighted average price of Electric Vehicles market in 2022 is expected to amount to US$45.07k.
From an international perspective it is shown that the most revenue will be generated in China (US$160,400.00m in 2022). The Electric Vehicles market in in China is projected to grow by 15.07% (2022-2027) resulting in a market volume of US$323.60bn in 2027.
With these encouraging forecast and figures, Microhm Electronics is planning to invest in our R&D for over 35% of our profit in the coming 10 years in precision resistors and chips resistors to meeting with the huge market demand of Electronic Vehicles (EV’s)
