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The market for electric vehicles in Asia is growing rapidly, with the number of electric car sales spiking in the year 2021. In the provided data by EV-Volumes, the Asia-Pacific region alone sold close to 2.96 million electric vehicles last year, with the China market being the top consumer.
In China, the January 2022 electric car sales were up to 141 percent higher than their records in January 2021, with over 400,000 electric cars sold. It is currently the highest electric car sales growth in the global market for electric vehicles this year.
Here are the top 10 electric vehicle manufacturers in Asia:
BYD is a Chinese manufacturer of electric vehicles and energy storage products.
With the China market being the top consumer of the electric car market in 2022, it is no longer surprising that a Chinese electric vehicle manufacturer will land on the list of the best-selling electric vehicle manufacturers in Asia and the world. In fact, in 2019, BYD is second to Tesla, with 229,506 sold units.
2. SAIC - General Motors Wuling
Wuling Hong Guang MINI EV sets a massive sales record in the EV market with over 400,000 cars sold in 2021.
Based on the record of the China Passenger Car Association, the all-time monthly record was set by Wuling Hong Guang MINI EV in December 2021, with over 50,561 units sold.
It is now being recognized as one of the best budget electric cars in the world.
Nio is one of the top Chinese electric vehicle manufacturers in Asia. It was founded in November 2014 as a global electric vehicle company. Nio sold around 91,429 vehicles in 2021, which represents a total year-over-year increase of 109.1%.
Japan's Nissan is no doubt will be on the list of the best electric vehicle manufacturers in Asia and in the world while they are producing one of the world's best-selling electric vehicle models, the Nissan LEAF.
In 2020, Nissan Leaf celebrated its 10 year anniversary since it was first introduced in the market in 2010. For that 10-year period, Nissan was able to sell over 500,000 LEAF units all over the world.
Zhidou, best known for their D2 electric minicar, is also among the top electrical vehicle manufacturers in Asia. The company started to develop electric cars in 2005 intended only for the European market. They built a compact electric car for city transport, especially for easier parking. Their ambition is to make electric cars available for everyone, and they call their first product as the "Wise Bean." In 2013, this car won the "Green Car of the Year" award, passing around 63 tests.
Hozon Auto is a Chinese all-electric car company founded in 2014. In October 2021, Hozon Auto was able to deliver about 8,107 units of the EV brand NETA, which is 294% higher than their year-ago record.
Named after the Great Wall of China, Great Walls is also one of the best-selling electric vehicle manufacturers in Asia. In 2020, the sales of new energy vehicles reached an estimated 59,000 units. The company also looks forward to an annual sales of 4 million vehicles in 2025.
SAIC Motor Corporation is one of the largest automotive companies in China with annual sales of more than $120 billion USD as of 2019. The company also manufactures EVs under their own brands such as Roewe and Chery but also sells electric vehicles through joint ventures with other companies such as Dongfeng Motor and JAC Motors.
The company achieved a total vehicle sales volume in China in 2020 of over five million units, ranking number one in the field for more than 15 years in a row.
XPeng is a Chinese electric vehicle manufacturer founded in 2014. XPeng records strong automobile sales from the very beginning of 2022, with the fifth consecutive monthly result well above 10,000.
Last but not the least, best known for their EV model Hyundai Ioniq 5, it is impossible for the South Korean automotive company Hyundai to not be mentioned in the list of the best electric car manufacturers in Asia. In fact, in 2021, Hyundai Plug-In Wholesale Sales reached over 160,000 deliveries.
Hyundai Ioniq 5 is also known as one of the top electric cars in the world, using two different battery packs: 58kWh and 72.6kWh.
11. Toyota
Japan's Toyota has been one of the best electric vehicle manufacturers not just in Asia but worldwide. Toyota has released several models of electric cars, such as the Prius Plug-In, Highlander Hybrid, and RAV4 EV.
Toyota is aiming to sell 3.5 million electric vehicles globally in 2030 and market 30 different electric models.
12. Mahindra Electric
Mahindra is the company that pioneered the sales of electric vehicles in India. It was one of the first to sell electric cars in the country, launching the Mahindra Reva in 2001.
Mahindra not only produces electric vehicles, but also manufactures batteries for electric vehicles, and collaborates with various organizations to promote charging electric vehicles.
13. Tata Motors
Tata Motors is one of India's largest electric vehicle manufacturers. The automotive sector includes automobiles, trucks, buses, trucks, and defense vehicles. Its employees include Jaguar Land Rover and Tata Daewoo. In India, Tata Motors has established a joint venture with Fiat.
Tata Motors also focuses on the electric bus and passenger car market in India. For four-wheeled vehicles, it supplies 3 kinds of transport for you to choose from. Tata Ev, Nano EV, and Tiago are their versions of electric vehicles.
14. Ashok Leyland
Ashok Leyland, a branch of the Hinduja Group, is the fourth-largest maker of city buses in the world, and it is a leader in the Indian market for commercial electric vehicles. The company has partnered with Sun Mobility to expand its automobile expertise.
15. Eclimo
Based in Malaysia, Eclimo is a 100% Malaysian-owned EV company, founded in June 2008 to promote the nation’s contributions to sustainable energy, and to introduce the wonders of the electric-vehicle revolution.
16. CT & T United
CT&T United is a South Korean manufacturer of battery-electric passenger vehicles such as its eZone Medium-Speed Vehicle and cZone low-speed vehicle. The CT&T eZone is the only electric car of this kind to pass the international crash test for passenger vehicles.
17. Mitsubishi Motors
Mitsubishi Motors Corporation is a Japanese automobile manufacturer based in Minato, Tokyo, Japan. In May 2011, Mitsubishi Motors was the sixth largest Japanese automaker and the nineteenth largest in the world by production.
In 2009, Mitsubishi launched the i-MiEV, the first-ever mass-produced electric vehicle. Then, The American Council for an Energy-Efficient Economy gave Mitsubishi I the Greenest Vehicle of the Year award in 2012.
18. Honda
Japanese automobile company, Honda, released an electric car sedan in European and Asian markets in 2020. Honda sold about 4.46 million new vehicles worldwide in 2020, including 14,000 electric vehicles and 240 FCEVs.
The company set a goal of attaining two-thirds of worldwide new sales from electrified vehicles by 2030. Included in these categories are hybrids, which combine both a gasoline-powered engine and an electric motor.
19. Vinfast
Vinfast is the automotive manufacturing subsidiary of VinGroup. They manufactured the VF e34 EVs which is their first model and the first-ever electric vehicle to be sold in Vietnam.
VinFast is also betting on its own locally-produced electric vehicles by partnering with several battery manufacturers and investing $400 million to develop its own LFP cells in-house.
20. Subaru
Japanese car manufacturing company Subaru finally joined the EV party with the debut of their first battery-electric vehicle, Solterra. The name comes from 'Sol' meaning sun and 'terra' meaning earth.
The brand plans to have 40% of its global sales be from electric or hybrid vehicles by 2030.
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