Chinese Automakers Projected to Capture 33% of Global Market by 2030

New report highlights rapid expansion and competitive advantages of Chinese auto brands despite trade tensions and tariffs.

Chinese automakers' global market share is expected to rise from 21% in 2024 to 33% by 2030.
Sales outside China are forecasted to grow from 3 million to 9 million vehicles in this period.
Regions such as Central and South America, Southeast Asia, and Africa will see the most significant growth.
Chinese brands benefit from a 35% cost advantage and faster development cycles compared to traditional automakers.
Trade tensions with the US and EU include tariffs on Chinese EVs, prompting potential retaliatory measures from China.