Automotive industry in China ownership is expected to accelerate. China surpassed Japan to become the world's second-largest vehicle market in 2006, and passed the United States to become the largest in 2009. This growth is spurring demand for automotive parts, services, and after-care products. China is presently capable of manufacturing a complete line of automobile products and large automotive enterprises. Major domestic firms include the China First Automobile Group Corp. (FAW), Dongfeng Motor Corp. (DMC) and Shanghai Automotive Industry (Group) Corp. (SAIC). China encourages the development of clean and fuel efficient vehicles in an effort to sustain continued growth of the country’s automobile industry
New energy vehicles in China become the world's all-time second largest plug-in electric passenger car manufacturer with more than 171,000 units delivered in China since 2008. BYD Auto was the world's top selling plug-in car manufacturer for a second year in a row with more than 100,000 units delivered in China in 2016, up 64% from 2015, and ahead of Tesla by about 30,000 units. However, in terms of sales revenue, Tesla ranked ahead with from its electric car sales in 2016, while BYD sales totaled from its electric car division. Cumulative sales of domestically built new energy vehicles in China totaled 951,447 units between