Beijing Electric Vehicle Co.,LTD. founded in 2009 by Beijing Automotive Group Co.,LTD, has quickly emerged as a major player in the new energy automobile market in China. With a strong focus on independent production, sales, and research and development, the company has claimed a considerable share in the purely electric vehicle market. In 2014, the company achieved sales of 6000, commanding a 75% market share in Beijing and 33% domestically.
Their ambition is apparent, with a sales target of 20000 for 2015, a figure that seems achievable based on the positive first-quarter results. Looking ahead, their goals include becoming the top player in the Chinese electric vehicle market and entering the top 4 globally, incorporating significant internet-driven innovation, and achieving a Nasdaq listing by 2018.
The latest investment round in March 2018 saw participation from Mercedes-Benz Group AG, underscoring the company's appeal to major industry players and potential for further growth and innovation in the energy and manufacturing sectors.
