Despite a strong protectionist trend, global reliance on Chinese electric vehicles and other high-tech products has become increasingly difficult to break down.The latest survey by Japan Economic News shows that Chinese companies have increased their market share in 18 key products and services sectors around the world.

A. Global share growth background

The Japan Economic News conducted a market share survey of 63 key end products, services, core parts and materials in the global economic activity in 2022. Chinese companies have increased their market share in 18 key categories, including electric vehicles, battery materials and liquid crystal panels.

Chinas advantages in the field of electric vehicles

The market share of the three Chinese manufacturers reached 27.7%, surpassing the 18.9% of Tesla. Of the top five companies, four are Chinese companies with a total market share of 63%. The total market share of Chinese companies in this field is more than 60%.

Other Important Areas

Even under the influence of U.S. sanctions, Huawei’s market share in the base station sector remained at 31%,ining the first position. Compared to U.S. companies holding the largest share in 22 categories, Chinese companies are leading in 16 markets.

The survey clearly demonstrates the gradual rise of Chinese companies in the world’s cutting-edge products and services, especially in the field of electric vehicles and related materials, which also means that global supply chains are undergoing profound changes and deserve close attention from all over the world.