The Honda Ye is a family of battery electric vehicles (BEV) and a sub-brand of the Japanese automobile manufacturer Honda. Founded in 2024, it is set to be produced and marketed for the Chinese market. The Ye is a part of Honda's plan to introduce 10 battery electric vehicle models in China by 2027, six of which are from the Ye. The Ye refers to the letter "烨", which is translated to "shine brilliantly" in Chinese.
At the Auto China in April 2024, the Japanese manufacturer Honda presents its new line of BEV's and sub-brand Ye, whose models will be produced and marketed in China from 2024. [1] [2] The first two models from the Ye series are the P7 and S7, the former two to be produced through the Honda's respective joint ventures GAC Honda and Dongfeng Honda, while the third one is the GT. [3] [4]
Honda Motor Co., Ltd. is a Japanese public multinational conglomerate manufacturer of automobiles, motorcycles, and battery-powered equipment, founded in October 1946 by Soichiro Honda and headquartered in Minato, Tokyo, Japan.
BYD Auto Co., Ltd. is the main automotive subsidiary and brand of BYD Company, a publicly listed Chinese multinational manufacturing company. It manufactures passenger battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), collectively known as new energy vehicles (NEVs) in China. It also produces electric buses and trucks. The company sells its vehicles under the main BYD brand and high-end vehicles under its Denza, Yangwang and Fangchengbao brands.
Dongfeng Honda Automobile Co., Ltd. is an automobile manufacturing company headquartered in Wuhan, China, and a 50:50 joint-venture between Dongfeng Motor Group and Honda Motor Company. It currently produces a variety of Honda models also available in other markets and a handful of China-only products. The company sells vehicles under the Honda and Ciimo marques.
Livan Automotive is a joint venture company between Lifan Group and Geely Qizheng, a company owned by Zhejiang Geely Holding (ZGH). The brand was founded in 2022 following a merger between Geely-owned Maple and Lifan Technology.
The automotive industry inmainland China has been the largest in the world measured by automobile unit production since 2008. As of 2024, mainland China is also the world's largest automobile market both in terms of sales and ownership.
Guangzhou Automobile Group Co., Ltd. is a Chinese state-owned automobile manufacturer headquartered in Guangzhou, Guangdong. Founded in 1954, it is currently the fifth largest automobile manufacturer in China, with 2.144 million sales in 2021.
An electric car or electric vehicle (EV) is a passenger automobile that is propelled by an electric traction motor, using electrical energy as the primary source of propulsion. The term normally refers to a plug-in electric vehicle, typically a battery electric vehicle (BEV), which only uses energy stored in on-board battery packs, but broadly may also include plug-in hybrid electric vehicle (PHEV), range-extended electric vehicle (REEV) and fuel cell electric vehicle (FCEV), which can convert electric power from other fuels via a generator or a fuel cell.
JAC Group is a Chinese automobile and commercial vehicle manufacturer. The company is based in Hefei, Anhui Province, China.
A plug-in electric vehicle (PEV) is any road vehicle that can utilize an external source of electricity to store electrical energy within its onboard rechargeable battery packs, to power an electric motor and help propelling the wheels. PEV is a subset of electric vehicles, and includes all-electric/battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs). Sales of the first series production plug-in electric vehicles began in December 2008 with the introduction of the plug-in hybrid BYD F3DM, and then with the all-electric Mitsubishi i-MiEV in July 2009, but global retail sales only gained traction after the introduction of the mass production all-electric Nissan Leaf and the plug-in hybrid Chevrolet Volt in December 2011.
Electric car use by country varies worldwide, as the adoption of plug-in electric vehicles is affected by consumer demand, market prices, availability of charging infrastructure, and government policies, such as purchase incentives and long term regulatory signals.
The electric vehicle industry in China is the largest in the world, accounting for around 58% of global production of electric vehicles (EVs) and more than 1.5 million exports in 2023. In 2023, CAAM reported China had sold 9.05 million passenger electric vehicles, consisting 6.26 million BEVs and 2.79 million PHEV. China also dominates the plug-in electric bus and light commercial vehicle market, reaching over 500,000 buses and 247,500 electric commercial vehicles in 2019, and recording new sales of 447,000 commercial EVs in 2023.
Shenzhen Denza New Energy Co., Ltd., trading as Denza, is an automobile manufacturing company and brand owned by BYD Auto Industry. The brand produces premium plug-in electric vehicles.
Hozon Auto is a Chinese electric car manufacturer which was established in 2014. It produces vehicles under the Neta brand.
GAC Aion New Energy Automobile Co., Ltd., trading as GAC Aion is a Chinese electric vehicle manufacturer headquartered in Guangzhou, China. A subsidiary of GAC Group, it was established in 2017 as the GAC New Energy Automobile. Its current name was adopted in November 2020. It produces battery electric vehicles under the eponymous Aion brand and the premium Hyptec brand.
Ioniq is an automotive sub-brand and a division of Hyundai Motor Company with headquarters in Seoul, South Korea. The sub-brand was established in 2020 as a sub-brand for Hyundai's electric vehicle line-up. The sub-brand is slated to aid Hyundai to achieve a targeted 1 million electric vehicle sales annually by 2025, with the Ioniq brand projected to contribute 560,000 of those sales.
iCar Ecological Technology Co., Ltd., trading as iCar, is a subsidiary of Chinese vehicle manufacturer Chery. The iCar brand was established as an electric vehicle brand in April 2023, following several previous usage of the trademark by Chery. iCar started sales of its first vehicle, the iCar 03 SUV in February 2024.
The Honda Ye P7 and Honda Ye S7 are upcoming battery electric mid-size crossover SUVs (D-segment) produced by Honda, through its respective joint ventures GAC Honda and Dongfeng Honda. Both vehicles are marketed solely in China. They are the first members of the Honda Ye series of vehicles.
The Honda Ye GT is battery electric concept car produced by Honda. Marketed solely in China, the production version of the GT will be the second of the Honda Ye series of vehicles when it enters production in 2025.
There are currently about 150 active brands in the Chinese automobile market. Among them are 97 Chinese domestic brands and 43 joint venture (JV) brands. Before 2010, the traditional "Big Four" refers to the four major state-owned car manufacturers, SAIC, FAW, Dongfeng and Changan. Other Chinese car manufacturers, both from public and private sectors, like Geely, BAIC, BYD, Chery, GAC, Great Wall, JAC and Seres emerged as the major players with the expansion of Chinese automotive industry.