As China progresses into the early stages of the 14th Five-Year Plan period, innovation remains at the core of the country’s modernisation efforts. Vehicle electrification continues to be an important focus for the automotive sector as the country works towards its newly-established target to achieve net-zero carbon emissions by 2060. In the latest edition of our Leading Autotech 50 report, KPMG identifies four key segments – electrification, mobility, innovative services and connectivity – that will drive growth in the sector in coming years.
Companies are arranged in alphabetical order based on their Chinese pinyin names.
China's Leading Autotech Innovators– 4th Edition
| ABUP | Aulton | Banma | Ebusbar | Benewake |
| BRETON | PATEO | CIHON | CAOCAO | Asensing Technology |
| Das Master | Neusoft Reach | SVOLT | Freetech | Hesai Technology |
| Hong Jing Drive | Human Horizons | Livox | Lechebang | Log56 |
| Megatronix | MXNAVI | Data Enlighten | MINIEYE | MOTOVIS |
| Nassen Automotive Electronics | NewLink | NETA | Pachira | Horizon |
| Qingtao Energy | T3 Mobility | TAGE IDRIVER | ENOVATE | WM Motor |
| WeRide | BEAN TECH | SAIC Mobility | Pony.ai | CIDI |
| SemiDrive | New CarZone | Neolix | Inceptio Technology | Next Engine |
| Unex | DeepRoute.ai | UISEE | Plus | Zhito |
China's Emerging Autotech Innovators– 4th Edition
| Boonray | First Technology | CHUHANG TECH | PowerShare | iSmartWays |
| Waytous | JDO | LiangDao Intelligence | 007VIN | Meijun Electronics |
| Modern Auto | Tsingtech | QCraft | Xiamen Shineline | Tongyu Automotive |
| Futurus | Xingshen Intelligent | ZVISION | Ecar Tech | InGeek |
| EVS | New Vision | MAXIEYE | iMotion Automotive | Heading Data Intelligence |
Note: KPMG China Leading Autotech 50 companies are evaluated based on information submitted by candidate companies, interviews of founders conducted by KPMG partners, and evaluations by experts in automotive technology. Autotech 50 is not an exhaustive screening or listing of all enterprises in the automotive field. Autotech 50 aims to enhance the attention given to innovation in China's automotive sector and to promote collaboration within the sector. The listing should not be construed as investment advice, nor as a commentary on the compliance practices of individual companies. KPMG China is not responsible the accuracy of the information of individual candidate enterprises. Company information is provided by enterprises or based on the public information as of July 16, 2021.
In a major strategic decision, China is planning to reach peak carbon dioxide emissions by 2030 and carbon neutrality by 2060. Going forward, new energy will play a critical role in the effort to achieve the carbon neutrality target. The new energy vehicles that have emerged in recent years are helping to improve the environment and reduce pollution, and this sector is set to become a major direction for the development of China’s automotive industry. Vehicle electrification and sustainable supply chains will be key elements of the automotive sector’s environmental transformation. Cutting-edge technology, new electric vehicle brands, and an active startup ecosystem will all contribute to the establishment of a robust electric vehicle market in China. Driven by the development of new business models enabled by the world leading automobile innovations, the global automobile industry is facing a profound technical and industrial transformation. Against this backdrop, the latest edition of our China’s Leading Autotech 50 report will cover four major categories - electrification, mobility, innovative services and connectivity – that will facilitate discussion and visioning of the future automobile industry and drive changes in the way of mobility in the future.
Raymond Ng
Vice Chairman, KPMG China
The momentum towards electrification is growing, but challenges still remain. First, China lags the world leaders in auto R&D spending as a percentage of total R&D spending. Second, shortages continue to occur throughout the supply chain. Third, as with any transformation, there will be winners and losers, and not all the new vehicle brands will survive. This is the most pivotal moment for the auto sector in China in decades. Going forward, the automakers that are most connected to their customers will find themselves better positioned for future success. Partnering with new companies that can bridge technological gaps, provide key innovative services, and gain better insight into consumer demand will be top priorities for carmakers over the next few years.
Norbert Meyring
Head of Automotive, KPMG China
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