Analysis of the Development of China’s New Energy Vehicle Industry and Its Export Market Expansion to the UK

DOI: https://doi.org/10.62517/jbm.202409606

Author(s)

Bingyi Fan, Bowen Li*, Chenwei Yao

Affiliation(s)

School of International Business, Zhejiang Yuexiu University, Shaoxing, China *Corresponding Author.

Abstract

In response to intensifying global climate change and environmental pollution, considerable attention has been directed to the new energy vehicles industry due to its environmentally friendly and sustainable attributes. This article investigates the export situation and development prospects of China’s new energy vehicles in the UK market by employing the SWOT analysis framework along with other ways. It is revealed that both the export volume and export value of China’s new energy vehicles in the UK market are steadily rising. Substantial progress has been achieved in battery technology, intelligence, and networking by China’s new energy vehicles, leading to a comprehensive industrial chain and growing UK market recognition. However, insufficient brand awareness, limited core technology autonomy, and elevated certification and compliance costs remain the primary challenges confronting China’s new energy vehicles. In addition, the UK’s environmental requirements, infrastructure expansion, and heightened consumer acceptance are creating significant market opportunities for China’s new energy vehicles. Recommended measures include strengthening R&D and infrastructure, reinforcing compliance management, and advancing technological innovation to enhance brand presence.

Keywords

New Energy Vehicles; UK Market; Export Market; Technical Trade Measures; Green Development

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