Car industry According to Stude, every third car is likely to be Chinese by 2030
According to the management consultancy Alix Partners, Chinese car brands will have conquered a third of the global market by 2030 and will sell nine million vehicles outside of China.
02.07.2024, 09:36
SDA
In Europe, this will be at the expense of European, Japanese and Korean brands, the industry experts wrote in a study published on Tuesday.
The manufacturing costs for an e-car are a third lower in China than in Europe. The development cycles are shorter than those of the global competition. Chinese car manufacturers are expanding their market share with "aggressive pricing".
"New EU tariffs on Chinese cars may slow down imports in the short term and support sales prices, but they will also accelerate the local production of Chinese vehicles and components in Europe," said industry expert Fabian Piontek.
German manufacturers are also feeling the effects of competition from Chinese manufacturers in China: "This particularly affects German premium manufacturers, who are increasingly losing an important market in China."
