Thanks to a shift towards electric vehicles, Chinese carmakers are continuing their advance even in their home country as they close in on 50 percent of total new car sales over there. This is according to automotive consultancy company, AlixPartners.
AlixPartners forecast China’s overall auto sales would grow 3 percent this year to 24.9 million vehicles, recovering to the level of sales before COVID-19. It forecast growth to 30.6 million vehicles in 2030, when it projected more than half of vehicles sold in China would be EVs. That competitiveness will make Chinese automakers as disruptive to established global automakers in coming years as Tesla has been, said Stephen Dyer, who heads AlixPartners automotive consulting in Asia.
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