South Korean media: Chinese automobiles have also risen, and will dominate the global market by 2030!
On November 21, the South Korean media "Global Economy" published an article stating that until the end of the last century, China could be described as a backward country with a bleak future for the automobile industry. Due to almost no local brands, all companies produced cars through joint ventures with multinational companies.
They could not maintain competitiveness at all. Cars were only sold in the domestic market, facing limited choices for Chinese consumers. This can be understood, because manufacturing internal combustion engine vehicles requires mobilizing all the technology and rich expertise around the world.
However, since the beginning of the 21st century, with the explosive growth of China's technological strength, the situation changed rapidly. With the emergence of local brands, they began to use cost-effectiveness to establish competitive advantages in the international market.
Especially in the field of electric vehicles, Chinese companies have taken the lead and are actively pursuing long-term goals to become leaders in the automotive industry.
Unless something unexpected happens, it is expected that the dream of rising will be fully realized by around 2030.
Looking at the entire industry, this has been confirmed. First, the issue of production capacity cannot be ignored. By the end of last year, China's auto production capacity was estimated to have reached an astonishing 31.28 million units. This is a world apart from the United States' 10 million units of production capacity.
Sales data is also the same. Last year, China achieved a proud sales volume of more than 30 million units. Sales this year are expected to reach 32 million units. Compared to the United States, which sold only 16 million units last year, the gap is very large. It should be said that China's focus on the rise of the automobile industry is natural.
The Chinese automobile industry believes that a sales volume of 40 million vehicles (of which 10 million will be exported) is imminent. They expect to achieve this goal by the latest in 2030.
However, upon careful observation of the current growth rate, it is found that the possibility of faster growth in the future is quite high. It is expected that it may be achieved as early as 2028. That is to say, a sales volume of 50 million units can be expected by 2030.
There is no doubt that the Chinese automobile industry faces many challenges. A typical example is overcapacity, where some cars immediately enter the used car market after being produced, which is worrying.
The trend of start-up companies blindly entering the electric vehicle market is also a negative factor. Recently, the electric vehicle industry has seen a wave of bankruptcies due to "blind" investments.
Industry insiders analyzed that there are currently about 130 companies, and only about 15 companies are expected to survive, a statement that is convincing.
It can be certainly said that by 2030, China has the strong potential to truly dominate the global market. Even if the development of China's automobile industry is not smooth sailing, it can be certainly said that it is becoming a clear reality.
Original: www.toutiao.com/article/1849362570502282/
Statement: The article represents the views of the author.