Thursday, July 18, 2024

Headed For Obsolescence’: Chinese Automakers Could Be Poised to Wipe Out American Car Titans

Chinese competitors are poised to take over approximately one-third of the global market share by 2030 with particularly strong growth in Europe, South America and Asia driven by EVs and plug-in hybrids, AlixPartners projects in its report. - NICK POPE
China is the industry’s new disruptor – capable of creating must-have vehicles that are faster to market, cheaper to buy, advanced on tech and design, and more efficient to build. 
For traditional [manufacturers], keeping pace with China’s strongest brands will require more than a course correction.”

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