Chinese Carmakers to Capture 37% of Global Sales by 2030, UBS Says
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6 Articles
Chinese Carmakers to Capture 37% of Global Sales by 2030, UBS Says
UBS analysts forecast Chinese carmakers reaching 37% of global vehicle sales by 2030, up from 20% today, driven by EV technology leadership, cost efficiency, vertical integration, and rapid expansion into emerging markets. This shift pressures legacy automakers while benefiting consumers with affordable, feature-rich vehicles.
UBS has raised its global and European market forecasts after Chinese automakers exceeded expectations in terms of growth rate. The bank expects Chinese brands to reach 37 percent of the global automotive market and 20 percent of the European market by 2030. While price-performance advantage and advanced technology are key factors in consumer preferences, interest in Chinese brands in Europe has surpassed the combined total of Japanese and Korea…
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Economy - Swiss-based bank UBS has raised its forecast for Chinese car manufacturers' global market share to 37 percent by 2030.
The bank predicts that Chinese brands will reach a global market share of 37 percent and a share of 20 percent in Europe by 2030. Consumer research shows that interest in Chinese brands has surpassed that of Japanese and Korean brands.
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