New Pattern of China's Passenger Car Market Brought by China's Mainstream Hybrid Technology

Abstract

In 2022, China's hybrid technology has witnessed a blowout growth and development, showing a state of fierce competition. After the hybrid vehicle represented by Li one has been favoured by many consumers, many Chinese automobile brands have joined the battlefield of hybrid vehicles. BYD's DMI, Great Wall Motor's Lemon Hybrid DHT, Chery's KunPeng Power and Geely's Raytheon Hybrid appeared one after another, breaking the hybrid vehicle market monopolized by Japanese hybrid technology. Using qualitative research method, this paper briefly analyzes the working principle and advantages of mainstream hybrid technology in China in recent two years, and looks forward to the future of hybrid vehicles, especially plug-in hybrid vehicles. The study found that in the next few years, the market share of hybrid vehicles dominated by Chinese independent brands will continue to grow, bringing a new pattern of China's passenger car market.