Chinese automakers are expected to continue to rapidly expand outside of China to achieve 33% of global automotive market share by 2030, according to consulting firm AlixPartners.
GUANGZHOU, CHINA - NOVEMBER 17: A GAC Aion Hyper SSR electric sports car is on display during the Auto Guangzhou 2023 at China Import & Export Fair Pazhou Complex on November 17, 2023 in Guangzhou, Guangdong Province of China. outside of their home country to achieve 33% of global automotive market share by 2030, according to a new report released Thursday by prominent consulting firm AlixPartners.
Chinese brands in China also are expected to grow from 59% to 72% of market share, according to AlixPartners. Legacy automakers such ashave lost significant ground in China in recent years amid the rapid rise of China's domestic automotive industry and companies such as