TECH - Chinese Automakers To Grab 33% Of Global Market Share By 2030 Even After US And EU Tariffs: Report | Benzinga
Chinese automakers are projected to significantly expand their global market share, potentially reaching 33% by 2030, a recent report by AlixPartners suggests.
What Happened: The report, released on Thursday, forecasts a substantial rise in the global market share of Chinese automakers, from 21% this year to 33% by 2030, reported CNBC.
This growth is expected to be driven by a significant increase in sales outside of China, from 3 million this year to 9 million by 2030.
The report also predicts that Chinese automakers will expand across all global markets, with the most significant growth expected in regions such as Central and South America, Southeast Asia, the Middle East, and Africa.
"China is the industry's new disruptor – capable of creating must-have vehicles that are faster to market, cheaper to buy, advanced on tech and ...