Volkswagen:Competition From China EVs: Difference between revisions

Volkswagen:Competition From China EVs (view source)

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 * Alixpartners report<ref>https://www.cnbc.com/2024/06/27/chinese-automakers-expected-to-achieve-33percent-global-market-share-by-2030.html</ref> projects that the global market share of Chinese automakers will grow to 33% by 2033 from 21% in 2024.
-* '''For Europe, AlixParners project that Chinese automobiles market share will rise to 12% (downgraded from 15% due to tariffs) from the current 6%.'''
+* '''For Europe, AlixParners project that Chinese automobiles market share will rise to 12% (downgraded from 15% due to tariffs) from the current 6% (or 677,670 based on 2023 sales data published by ACEA'''<ref>https://www.investmentwiki.org/wiki/Automotive_Industry:Europe#December_2023</ref>''').'''
 * Outside China, the market share of Chinese automakers is projected to rise to 13% from the current 3%.
 * According to Alixpartners, Chinese automakers have cost advantages, localized production strategies and highly-tech enabled vehicles. For instance, they have a 35% "made-in China" cost advantage and can produce their vehicles in half the time taken by legacy automakers (40 months vs 20 months).