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Chinese carmakers may seize up to 30% of EU market by 2035: Citi

Analysts at Citi predict that Chinese carmakers could capture between 15% and 30% of the European automotive market by 2035. This projection is heavily influenced by the European Union's proposed Industrial Accelerator Act, particularly its "made in Europe" manufacturing requirements. If these requirements are strictly enforced, Chinese brands may see their market share capped at 15%, while a less stringent approach could allow them to reach 30%. European manufacturers are expected to face significant volume losses and restructuring as a result. AI

RANK_REASON Analysis of market share projections based on policy changes.

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Chinese carmakers may seize up to 30% of EU market by 2035: Citi

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  1. SCMP — Tech TIER_1 English(EN) · Xiaofei Xu ·

    Chinese carmakers could capture 15% to 30% of European market by 2035: Citi analysts

    Chinese carmakers could capture between 15 and 30 per cent of the European automotive market by 2035, up from roughly 10 per cent this year, analysts at Citi said, with the outcome resting on how far Brussels goes in tightening tariffs and made-in-EU rules. Current European Union…