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 Electrician Pay Grade 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 Electrician School California 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.
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