AlixPartners says Chinese automakers are taking center stage and setting a new benchmark for an industry historically dominated by the West, Japan and South Korea.。

New York-based consulting firm AlixPartners said Chinese automakers are continuing to expand their domestic market share and are expected to become a dominant force in the international market.。

AlixPartners said in a report on July 11 that by 2030, Chinese brands will maintain their leading position in China and occupy more than 70% of the market share in China.。

The AlixPartners Global Automotive Outlook 2024 (21st Annual Survey) explores the secrets of Chinese OEMs and the successes and lessons of traditional automakers.。

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Globally, Chinese brands are expected to be the dominant force, with Chinese brands selling 9 million vehicles outside China by 2030, accounting for 33% of the global market share, the report said.。

"Chinese automakers are taking center stage and setting a new benchmark in an industry that has historically been dominated by the West, Japan and South Korea," said Stephen Dyer, Partner and Managing Director, Co-Leader of Greater China and Head of Global Automotive.。AlixPartners' Automotive and Industrial Business in Asia。

AlixPartners said that Chinese automakers have many lessons to offer their global counterparts, and these lessons apply not only to China, but also to the global market.。

Mature automakers must find ways to compete with their Chinese counterparts or they will cede the electric vehicle (EV) market to Chinese brands, just as U.S. automakers reported that RS ceded the domestic small car market to Japanese automakers in the 1980s.。

It is worth noting that Chinese automakers are currently highly competitive at home and face restrictions including higher tariffs in the international market.。

The U.S. government announced plans in May to raise tariffs on Chinese-made electric vehicles nearly fourfold, with the final rate as high as 102..5%。

Canada launched a 30-day consultation on July 2 to discuss imposing restrictions on imports of electric vehicles from China, including additional tariffs。

The EU has imposed temporary additional tariffs on electric vehicles imported from China since July 5 on top of the original 10% tariff, which varies across automakers, with some facing additional tariffs of up to 38.1%。

AlixPartners says recent electric vehicle tariff discussions are no surprise to Chinese EV makers。

While tariffs in the U.S. or Europe would create obstacles for China, AlixPartners Greater China Automotive Partner Zhang Yichao said these electric car makers will push to localize assembly operations in key export markets such as Southeast Asia, Mexico and Europe.。

Many Chinese automakers either have well-established expansion plans in place or have invested heavily to build assembly plants in Europe.。Zhang said the new tariffs could further accelerate those programs, allowing them to flourish on the continent.。

AlixPartners expects the market share of Chinese brands in Europe to double from 6% in 2024 to 12% by 2030。

Eventually, Zhang added, the most successful Chinese electric car maker will become a truly global brand and produce in the country where it is sold, just like the existing giants.。

According to AlixPartners, due to the surge in demand for plug-in hybrid electric vehicles, by 2030, global new energy vehicles (NEV) are expected to account for 45% of the global market for hybrid electric vehicles (PHEV), while demand for internal combustion engine vehicles is expected to decline. To below 40%。

In China, AlixPartners predicts NEVs will account for 77% of the overall market by 2030, up from an estimated 41% in 2024.。

This can be attributed to the price parity of pure electric vehicles (BEV), good charging infrastructure and easier licensing of new energy vehicles in China, while Western customers believe that BEV prices are 35-55% higher than ICE alternatives.。

<p><img src="https://hawk-oss.hawkinsight.com//picture//202407/990667966_791.jpg" style="width: 100%;">AlixPartners says Chinese automakers are taking center stage and setting a new benchmark for an industry historically dominated by the West, Japan and South Korea.。(BYD Ocean-M hatchback exhibited at the Beijing Auto Show in April 2024。Photo Credit: CnEVPost) AlixPartners, a New York-based consulting firm, said Chinese automakers are continuing to expand their domestic market share and are expected to become the dominant force in the international market.。AlixPartners said in a report on July 11 that by 2030, Chinese brands will maintain their leading position in China and occupy more than 70% of the market share in China.。The AlixPartners Global Automotive Outlook 2024 (21st Annual Survey) explores the secrets of Chinese OEMs and the successes and lessons of traditional automakers.。|Join us on Telegram to receive an immediate news report that, globally, Chinese brands are expected to be the dominant force, with Chinese brands selling 9 million vehicles outside China by 2030, representing 33% of the global market share。"Chinese automakers are taking center stage and setting a new benchmark in an industry that has historically been dominated by the West, Japan and South Korea," said Stephen Dyer, Partner and Managing Director, Co-Leader of Greater China and Head of Global Automotive.。AlixPartners' Automotive and Industrial Business in Asia。AlixPartners said that Chinese automakers have many lessons to offer their global counterparts, and these lessons apply not only to China, but also to the global market.。Mature automakers must find ways to compete with their Chinese counterparts or they will cede the electric vehicle (EV) market to Chinese brands, just as U.S. automakers reported that RS ceded the domestic small car market to Japanese automakers in the 1980s.。It is worth noting that Chinese automakers are currently highly competitive at home and face restrictions including higher tariffs in the international market.。The U.S. government announced plans in May to raise tariffs on Chinese-made electric vehicles nearly fourfold, with the final rate as high as 102..5%。Canada launched a 30-day consultation on July 2 to discuss imposing restrictions on imports of electric vehicles from China, including additional tariffs。The EU has imposed temporary additional tariffs on electric vehicles imported from China since July 5 on top of the original 10% tariff, which varies across automakers, with some facing additional tariffs of up to 38.1%。AlixPartners says recent electric vehicle tariff discussions are no surprise to Chinese EV makers。While tariffs in the U.S. or Europe would create obstacles for China, AlixPartners Greater China Automotive Partner Zhang Yichao said these electric car makers will push to localize assembly operations in key export markets such as Southeast Asia, Mexico and Europe.。Many Chinese automakers either have well-established expansion plans in place or have invested heavily to build assembly plants in Europe.。Zhang said the new tariffs could further accelerate those programs, allowing them to flourish on the continent.。AlixPartners expects the market share of Chinese brands in Europe to double from 6% in 2024 to 12% by 2030。Eventually, Zhang added, the most successful Chinese electric car maker will become a truly global brand and produce in the country where it is sold, just like the existing giants.。According to AlixPartners, due to the surge in demand for plug-in hybrid electric vehicles, by 2030, global new energy vehicles (NEV) are expected to account for 45% of the global market for hybrid electric vehicles (PHEV), while demand for internal combustion engine vehicles is expected to decline. To below 40%。In China, AlixPartners predicts NEVs will account for 77% of the overall market by 2030, up from an estimated 41% in 2024.。This can be attributed to the price parity of pure electric vehicles (BEV), good charging infrastructure and easier licensing of new energy vehicles in China, while Western customers believe that BEV prices are 35-55% higher than ICE alternatives.。</p>