Foreign media: According to UBS, by 2030 Chinese electric vehicle manufacturers will account for about one-third of the global automotive market, and most of the profits will come from overseas.
Despite increasing trade barriers in the West, the advantages of Chinese electric vehicles remain solid. UBS said that although the growth of the European electric vehicle market has slowed down and the tariffs and protectionist policies against Chinese electric vehicles are major obstacles, some signs of catching up have emerged recently.
Currently, the overseas market accounts for about 20% of the sales of China's electric vehicle industry, and some companies have overseas profit ratios as high as 50%, highlighting the reliance of Chinese companies on international expansion. Industry executives pointed out that this does not mean China will dominate the market alone, and global competition is centered around a few major electric vehicle platforms, with emerging participants such as India still having room for development.
Original article: toutiao.com/article/1853127132151900/
Statement: The article represents the views of the author himself.