At present, the global market share of Chinese brand vehicles is 21%, but only 3% in overseas markets. According to AlixPartners's latest report, by 2030, Chinese brand automakers are expected to achieve rapid expansion in overseas markets, accounting for 33% of the global auto market. Overseas sales will increase from 3 million to 9 million units, and the market share will increase from 3% to 13%.
In Europe, Chinese automakers have shown strong growth despite some challenges, such as the new tariffs of the U.S. government and competition from the Japanese market. The report expects the share of the European market to double to 12%. This fully shows that the recognition and competitiveness of Chinese brand cars in the European market are constantly improving.
In the Russian market, the performance of Chinese brand cars is even more impressive. The market share is expected to double to 69% from the current 33%, demonstrating the strong growth momentum of Chinese brand vehicles in specific markets. In addition, in other key regions such as Central and South America, Southeast Asia, and the Middle East and Africa, the market share of Chinese brand vehicles is also expected to grow exponentially.
Figure: Chinese brands will account for more than 30% of the global auto market in 2030
The reason why Chinese brand cars can achieve such remarkable results in the global market is inseparable from their many advantages. First, they have a cost advantage and are able to provide high-quality automotive products at a lower price. Secondly, Chinese brand cars focus on local production strategies, which can better meet the needs of consumers in different regions. In addition, Chinese auto brands have also made great strides in technological innovation and are able to provide more advanced and intelligent automotive products.
In the future, with the rapid development of the new energy vehicle market, Chinese brand cars will usher in a broader market space. The surge in demand for plug-in hybrid vehicles will drive the share of new energy vehicles in the global market to rise, while the share of internal combustion engine vehicles will gradually decline. This will bring new opportunities and challenges to Chinese brand cars. Through continuous technological innovation and market expansion, Chinese brand vehicles are expected to occupy an important position in the global new energy vehicle market.
According to a report by AlixPartners Consulting and other relevant analysis, the share of Chinese brand cars in the global automotive market is expected to reach more than 30% by 2030. This forecast not only demonstrates the strong strength and potential of China's auto industry, but also points out the direction for the future development of Chinese brand automobiles.
