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China's Connected Spenders & Car Demand


September 2016 | Book

China is the world’s largest automotive market with more than 21 million sales in 2015. At the same time, many cities are experiencing high levels of pollution, and the central government’s most recent 5-year plan emphasizes the importance of green energy, including new energy vehicles. Sales of new energy vehicles are growing quickly but still represent a small portion of the market. In this report, we show there is strong interest in new energy vehicles among Chinese consumers, particularly among the Connected Spenders. These consumers will account for the majority of consumption in China over the next decade, and their unique preferences will drive demand for new energy vehicles as well. We summarize those dynamics and discuss the implications for the auto industry.


AUTHORS

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Louise Keely

Executive Vice President
Nielsen

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Brian Anderson

Associate Program Director
The Demand Institute


CHINA CONSUMPTION CONTENT

PUBLICATIONS

China Consumption Story: Year End 2019

December 12, 2019 | CHINA CENTER PUBLICATIONS

A Wealth of Opportunity

November 03, 2016 | THE DEMAND INSTITUTE

China's Connected Spenders & Car Demand

September 14, 2016 | BOOK

Our Experts

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Andrew Polk

Program Director of China Government Affairs Council

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Ethan Cramer-Flood

Senior Fellow, China Center for Economics and Business

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