CHINESE CARMAKERS COULD CAPTURE 15% TO 30% OF EUROPEAN MARKET BY 2035: CITI ANALYSTS
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| Source | Latest linked headline | Age |
|---|---|---|
| News - South China Morning Post | CHINESE CARMAKERS COULD CAPTURE 15% TO 30% OF EUROPEAN MARKET BY 2035: CITI ANALYSTS | 1 hr ago |
WHAT HAPPENED
Analysts at Citi have predicted that Chinese carmakers could capture a significant share of the European automotive market by 2035, according to News - South China Morning Post. This forecast suggests a notable increase from their current market share of roughly 10%. The predicted market share range is between 15% and 30%, depending on the policies implemented by the European Union.
The outcome of this prediction rests on how far the European Union goes in tightening tariffs and made-in-EU rules, with current rules potentially allowing Chinese carmakers to reach 30% market share by 2035. If existing tariffs on Chinese electric vehicles are extended to plug-in hybrids, the market share could be capped at 25%, as stated by Citi. However, the available information does not provide specific quotes or further details on these predictions.
This prediction matters as it highlights the potential impact of trade policies on the automotive market and the growing presence of Chinese carmakers in Europe. The background information on the current market share and the predicted increase provides context for understanding the significance of this forecast.
- Chinese carmakers may capture 15-30% of the European market by 2035
- Current EU rules could allow for a 30% market share
- Tariff extensions could limit market share to 25%
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