May 22, 2026
UBS analysts predict Chinese brands could control 35% of the global auto market by 2030, up from 25% this year, helped by China’s low-cost battery supply chain. Their report warned that foreign automakers face "structural market share loss” as competition intensifies.
Nikkei writes that building cars locally has become a practical way for Chinese companies to avoid tariffs and satisfy governments pushing for domestic manufacturing. BNP Paribas analyst James Kan said the strategy helps local economies "feel that they’re getting a cut,” making expansion politically easier.
Europe has become a key battleground. After facing steep EU tariffs, Leapmotor said it would source many components within Europe for production at Stellantis facilities. The company also plans to begin manufacturing in Brazil, where tariffs on imported EVs are set to increase again this summer.
Posted by: Timothy Birdnow at
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