AlixPartners: China's global share of automobiles is expected to reach 1/3 by 2030

AlixPartners' latest report predicts that Chinese automakers are expected to achieve rapid expansion in overseas markets and are expected to occupy 33% of the global auto market by 2030. Currently, Chinese auto brands have a 21% global market share, but only 3% in overseas markets.

The report predicts that by 2030, sales of Chinese-branded cars outside China will surge from 3 million to 9 million, and market share will increase from 3% to 13%.

Despite the Biden administration's new tariff policies and challenges in the Japanese market, Chinese automakers are expected to double their share of the European market to 12%.

It is particularly noteworthy that the share of Chinese-branded cars in the Russian market is expected to double from 33% to 69%.

The advantages of Chinese brand automakers lie in cost advantages, localized production strategies, and advanced technology levels, which can meet consumers' changing preferences for car design and freshness.

In addition, it only takes 20 months for Chinese brand cars to create new products and bring them to market, which is much shorter than the 40 months of traditional automakers, and they have a 35% "Made in China" cost advantage.

Although market growth in Japan, South Korea and North America may be weaker, the market share of Chinese-branded cars is expected to grow exponentially in other major regions such as Central and South America, Southeast Asia, the Middle East and Africa.

Zikuai Technology