Chinese automakers are projected to capture 33% of the global market share by 2030, according to a report by global consulting firm AlixPartners. The current market share of Chinese automakers is forecasted at 21% for this year. The growth is attributed to the rise of electric vehicle (EV) manufacturers such as Tesla's China rivals, including NIO, Xpeng, Li Auto, and BYD. Despite efforts by the U.S. to protect its domestic market, Chinese automakers continue their steady march to global dominance.
Chinese branded carmakers are expected to take up 33 percent of the overall global market share by 2030 according to a report by Global consulting firm AlixPartners. #QualityGrowth #vehicle #trade https://t.co/Fbp15I77FC https://t.co/VuWqXCk8DW
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The AlixPartners report suggest that even as the U.S. tries to protect the domestic market, Chinese automakers continue their steady march to global dominance. https://t.co/9II3H5gKDV
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📣 JUST IN: Chinese Automakers to Capture 33% Global Market Share by 2030 - CNBC $TSLA $NIO $XPEV $LI $PSNY $BYDDY 👉 Key Highlights: 📍 Chinese automakers expected to reach 33% global market share by 2030. 📍 Current market share forecasted at 21% for this year. 📍 Sales… https://t.co/u4HNkWn007
Chinese automakers expected to achieve 33% global market share by 2030 https://t.co/BvkWcje5Ae