Qian Zhan Wang·2025-05-05 03:13Group 1: Regional Competition Landscape - The major representative enterprises in China's hybrid vehicle industry are primarily located in first-tier cities such as Beijing, Shanghai, Guangzhou, and Shenzhen, with foreign car manufacturers focusing their operations in Beijing and Shanghai [1] - New energy vehicle manufacturers are distributed across Beijing, Shanghai, and Guangdong, while there are a few hybrid vehicle manufacturers in inland regions like Chongqing, Anhui, and Guangxi [1] - Overall, the hybrid vehicle industry in China shows vibrant development in first-tier cities and developed regions [1] Group 2: Submarket Competition - Oil-Electric Hybrid Vehicles - The Japanese models dominate the oil-electric hybrid vehicle market in China, with the Camry achieving sales of approximately 11,400 units and the Sienna around 8,100 units in August 2024 [3] Group 3: Submarket Competition - Plug-in Hybrid Vehicles - In 2024, BYD leads the sales of plug-in hybrid vehicles in China with approximately 1.9 million units sold, while other brands have sales below 150,000 units [4] Group 4: Submarket Competition - Range-Extended Electric Vehicles - In 2024, the top sellers in the range-extended electric vehicle market are Li Auto and AITO, with sales of 490,000 units and 360,000 units respectively, while other brands have relatively low sales [8] Group 5: Industry Competition Status Summary - The hybrid vehicle industry exhibits significant first-mover advantages for leading companies, with intense market competition [9] - The upstream suppliers are primarily raw material and component manufacturers, with an overall average bargaining power [9] - The demand for hybrid vehicles is categorized into commercial and passenger vehicles, with commercial hybrid vehicle demand being less than 1% and passenger vehicle demand growing rapidly [9] - The hybrid vehicle industry is technology-intensive with strict market entry mechanisms, resulting in low threats from potential entrants [9] - Hybrid vehicles serve as a transitional product from gasoline vehicles to cleaner fuel vehicles, with hybrid technology likely to be the most widely adopted in the future [9]