Mobility Global sees Chinese-origin brands nearing 20% of Europe light-vehicle market by 2030
XLY•Mobility Global forecasts Chinese-origin brands will approach 20% of Europe’s light-vehicle market by 2030. It also projects foreign automakers’ share of China’s market will fall from about 60% in 2014 to 20% by 2030, while China’s share of global EV production will near 50%.
1. Auto market forecasts
Mobility Global’s report forecasts Chinese-origin brands will approach 20% of Europe’s light-vehicle market by 2030, increasing pressure on incumbent automakers. It projects foreign automakers’ share of China’s market will fall from about 60% in 2014 to 20% by 2030, while China’s share of global EV production will be near 50%, down from about 60% now. The report outlines “Western Renaissance” and “Managed Retreat” paths, with outcomes hinging on structural simplification, platform consolidation and software integration.
