Chinese Brands To Grab 33% Of Global Car Market By 2030, Experts Predict

Chinese automakers will improve their global market share from 21% to 31% by 2030, analysts predict. Study by AlixPartners suggests China will control 12% of European market and 72% of its domestic market by the end of the decade. Faster development times and lower production costs give Chinese brands an advantage over other nations’ automakers. One in every three cars sold in the world in 2030 will be built by a Chinese automaker.

Though new 100 percent tariffs introduced by the Biden Administration will limit China’s ability to push into North America, and Japan will also prove hard to crack, the study predicts Chinese automakers will have doubled their share of the European car market to 12 percent by 2030 and increased their 33 percent share of the Russian market to 69 percent.

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Chinese Auto Brands To Surge To 33% Of Global Market, Report SaysI have written or edited about the auto industry on and off (mostly on) since 1985, first at The Indianapolis Star then, for more than a dozen years, at Bloomberg News in Detroit, followed by almost nine years at SME Media.
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AlixPartners Predicts Chinese Automakers Will Have 33% Market Share By 2030Global consulting firm AlixPartners projects Chinese automakers will have a third of new cars sales globally by 2030.
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Chinese automakers expected to achieve 33% global market share by 2030Chinese automakers are expected to continue to rapidly expand outside of China to achieve 33% of global automotive market share by 2030.
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