Chinese automakers aiming for 33% global market share by 2030, posing threat to legacy automakers.

From CNBC: 2024-06-27 12:56:09

Chinese automakers aim to control 33% of global market share by 2030, rising from 21% this year. Expansion outside of China, specifically in Mexico, is a key focus. Concerns arise as the locally produced, cheaper vehicles threaten legacy automakers worldwide, posing a significant challenge to compete against the efficiency and innovation of Chinese brands.



Read more at CNBC: Chinese automakers expected to achieve 33% global market share by 2030