Chinese Automakers To Grab 33% Of Global Market Share By 2030 Even After US And EU Tariffs: Report

Quick Summary:

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.

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.

Chinese automakers are projected to significantly expand their global market share, potentially reaching 33% by 2030, a recent report by AlixPartners suggests.

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Category: Technology

Markets: United StatesChinaJapan

Topics: Tech Kaustubh Bagalkote Benzinga Global Mobility Electric vehicles EVs News

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Article Type: News Report

Published On: 2024-06-28 @ 09:13:40 (2 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 420 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 30 words per sentence (average)

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News ID: 21408778

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