Study: How fast the share of the global • Table.Briefings

Elektroautos warten am Kai des Taicang Port International Container Terminal in Suzhou auf die Verladung zum Export — Electric cars waiting to be loaded for export at the quay of the Taicang Port International Container Terminal in Suzhou.

The management consultancy AlixPartners expects competition from China to place increasing pressure on Europe’s car manufacturers. According to the study, China will take over a third of the global market by 2030. The business model of German companies will have to change.

According to estimates by management consultancy AlixPartners, Chinese car brands will gain a third of the global market by 2030. According to the consultancy firm’s „Global Automotive Outlook“ study published on Tuesday, they will then sell around nine million vehicles outside of China: „The doubled market share of Chinese brands in Europe between 2024 and 2030 would come at the expense of European, Japanese and Korean brands, whose sales volumes would remain stable at best.“

Study: How fast the share of the global car market grows

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