The Rapid Rise of Chinese Automakers Toward 2030

China’s automakers are rapidly extending their global reach through EVs and strategic partnerships. By 2030, they could capture 30% of the global market and up to 75% domestically. Consolidation is accelerating: of 129 brands in 2024, only 15 may survive.
Average industry margins have slipped to 4.5%, while debt levels climb. Supported by Beijing, manufacturers are forging alliances in batteries, software, and charging infrastructure. In Europe, Chinese brands hold 4% market share, projected to reach 10% by 2030, as Western rivals struggle to match their pace of expansion.