China to account for 30% of global car sales by 2030

This includes production facilities in Mexico, Brazil and Europe, which allows Chinese brands to price their vehicles competitively.

According to a report, at least one-third of all vehicles sold globally could come from China by 2030.

The report mentions that Chinese brand penetration will double in Europe and Russia, triple in Southeast Asia and quadruple in the Middle East and Africa by the end of the decade. It also mentioned Chinese brands commanding a 20% market share in Mexico.

The push towards occupying a third of the global sales will be via local manufacturing. Chinese car brands have been very open to setting up manufacturing facilities outside of their home base. This includes production facilities in Mexico, Brazil and Europe, which allows Chinese brands like BYD, Great Wall Motors, Geely, Chery and SAIC MG to price their vehicles competitively. With Chinese brands setting up production facilities in Mexico, the earlier tariffs applied by the USA on Chinese EVs won't mean a thing.

Also, reports state that if a Chinese brand sells a car for $11,000 compared to an average EV cost of $50,000 in the USA, customers will easily turn a blind eye.

Source: Automotive News