If the development continues, 30 percent of all new cars in 2030 will either come from or be developed by Chinese brands.
We are 'only' halfway through 2024. But in less than 6 years, China will sell 30 percent of all new cars worldwide.
At least if development continues at the current pace. This is predicted by the research firm AlixPartners in a new report.
That's what Automotive News writes.
According to the media, which relies on the report's predictions, the Chinese's market share will double in both Europe and Russia.
READ ALSO: UPS! Calculation errors in Esbjerg make traffic 8 million kroner more expensive
All the while, the Chinese can look forward to sitting on three times as much of the market in South and Southeast Asia. In the Middle East and Africa, the market share increases fourfold, and in North America – specifically Mexico – Chinese cars will increase by 20 percent.
Meanwhile, the US is probably trying to buy the country's own car industry a bit of time by making more and more rules that make it difficult for the Chinese to sell cars in the country.
For example, the Biden government is expected to pass a law in the near future that prevents self-driving cars from driving around on the roads in the United States. That is, if the cars are self-driving due to technology from China. Read more about it here.
The US is far from being the only one currently arming itself in the fight against the Chinese brands. Or at least trying to.
The EU has just introduced a temporary tariff on all Chinese electric cars until October, when a more permanent agreement must be negotiated. How much punitive duty the Chinese brands have to pay depends on whether they want to cooperate with the EU or not. Read more about it here .
Read more exciting news from and about the world of cars right here!
