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EUROS The World Financial Report
Nº 101 Tuesday, 20 October 2026 · World Edition
Asia

After gaining EV dominance, Chinese carmakers shift goal to take on full-hybrid behemoths

Euros Room · 23 Aug 2026 · 🇨🇳 China
After gaining EV dominance, Chinese carmakers shift goal to take on full-hybrid behemoths

Chinese carmakers, already at the vanguard of electric vehicle (EV) technology and production, are looking to make a dent in international marques’ full-hybrid vehicle stronghold as they continue to disrupt the global car industry’s pecking order. Major car builders including Geely Auto and Changan Automobile have reported impressive sales of hybrid electric vehicles (HEVs), luring domestic consumers away from the likes of Toyota’s Prius. “Chinese-developed HEVs, banking on the carmakers’...

Chinese EV leaders are pushing into full-hybrid tech to challenge industry titans on mainland and abroad

Chinese carmakers, already at the vanguard of electric vehicle (EV) technology and production, are looking to make a dent in international marques’ full-hybrid vehicle stronghold as they continue to disrupt the global car industry’s pecking order.

Major car builders including Geely Auto and Changan Automobile have reported impressive sales of hybrid electric vehicles (HEVs), luring domestic consumers away from the likes of Toyota’s Prius.

“Chinese-developed HEVs, banking on the carmakers’ strength in developing intelligent features and computing power, have an edge over their international rivals in smart driving and in-car entertainment,” said Chen Jinzhu, CEO of the Shanghai Mingliang Auto Service consultancy.

An HEV is equipped with an internal combustion engine to drive an electrical generator, which either charges batteries or directly powers electric motors.