Forecast: 2025 Q1 China xEV Demand Outlook 2022 to 2031
Explore TechInsights' data model of the China Global outlook for xEV systems. Learn about the uncertainties, challenges, and demands for electrification and battery electric vehicles.
This TechInsights data model presents a view of the China outlook for xEV systems and associated semiconductor and sensor demand. Despite the uncertainties and challenges posed by US tariffs, and a slowing domestic economy, the push towards electrification and battery electric vehicles is not slowing down with volume demand continuing to grow. This will help to sustain demand for xEV semiconductor and sensor components, and the market will grow at a CAAGR of 11% over 2023–2028, from $5.6 billion to $9.5 billion. The continued momentum will push market demand to $11.4 billion by 2031.
