Brands from the Middle Kingdom will have captured a third of the global market in 2030. Factories will be set up in Europe.
In small form in Western Europe and North America, the automobile market, and in particular that of new energy vehicles (100% electric and plug-in hybrids), continues to progress in China: growth is of 3.4% per year, compared to 0.9% in Europe and 0.7% in North America. Enough to strengthen Chinese manufacturers, who, with this domestic base, can attack export markets. To the point that the title of world champion seems acquired to them.
According to the consulting firm AlixPartners, brands of Chinese origin – BYD, MG, Chery, Leapmotor, XPeng, etc. – are likely to capture a third of the global automobile market by 2030 for all engines combined (21% in 2024). ) and total 9 million vehicles sold outside China. The advantages of these behemoths which have made electricity a specialty? Lower costs: component costs are 35% lower than those of an electric vehicle…
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