A GAC Aion Hyper SSR electric sports car is on display during the Auto Guangzhou 2023 at China Import & Export Fair Pazhou Complex in Guangzhou, Guangdong Province of China, on Nov. 17, 2023.
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Chinese automakers are expected to continue rapidly expanding outside of their home country to achieve 33% of the global automotive market share by 2030, according to a new report released Thursday by prominent consulting firm AlixPartners.
Much of the growth, from a forecast 21% market share this year, is expected to come outside of China. Sales outside of China are expected to grow from 3 million this year to 9 million by 2030, representing growth from 3% to 13% of market share by the end of this decade.
The rapid expansion of Chinese automakers is a growing concern for legacy automakers and politicians globally. Many fear that the less-expensive, China-made…
