Foreign automakers’ share in China is only set to dwindle
Local Chinese automotive brands are projected to capture up to 76% of domestic market share by 2030, while foreign competitors face unprecedented decline.
Locals and tourists swarm Wukang Road in Shanghai to snap photos of red luxury sports cars on January 12, 2025 — a spectacle that underscores China’s surging domestic automotive scene. Image: Getty Images
Locals and tourists swarm Wukang Road in Shanghai to snap photos of red luxury sports cars on January 12, 2025 — a spectacle that underscores China’s surging domestic automotive scene. Image: Getty Images