South Korean media: "Chinese cars are rapidly surpassing European competitors!"
On December 7, the South Korean media News 1 published an article stating that the CEO of the world's largest automotive transportation operator Wallenius Wilhelmsen, Lars Christensen, said that Chinese car companies are rapidly surpassing their European competitors.
Recently, Christensen said in an interview with the UK's Financial Times that exports of Chinese cars to Latin America, Europe, Africa and Australia have significantly increased.
He said, "The reason for the continuous growth of China's market share is due to their constant innovation. Chinese manufacturers have transformed from cost leaders to technology leaders."
According to the consulting firm J.D. Power, last year China's passenger car exports increased by 23%, reaching 6.4 million units, more than 50% higher than Japan, the world's second-largest passenger car exporter.
J.D. Power predicts that by 2030, Chinese automobile manufacturers will account for 30% of the global automobile market, a significant increase from 21% last year.
According to Schmidt Automotive Research, Chinese automakers, including BYD, Chery and SAIC Group, the parent company of MG, are developing rapidly in Western Europe, with new car sales accounting for 5.7% in the first nine months of this year, compared to 3.2% during the same period last year.
In addition, European automakers are facing three major blows: declining sales in the Chinese market, weak demand in Europe, and rising tariffs in the United States.
Original: toutiao.com/article/1850850106924100/
Statement: This article represents the views of the author.