News Analysis
In an increasingly overcrowded Chinese zero emission vehicle (ZEV) market, only a handful of companies will survive the destructive forces of competition and remain by 2030, according to a new annual Global Automotive Outlook report by global consulting firm AlixPartners.
The report forecasts that only 15 out of China’s 129 currently operating ZEV brands will become financially viable and survive by 2030.
It also highlights some of the key features of China’s “new operating model” for ZEV automakers, including faster speed to market, with 40 percent to 50 percent less investment and a 30 percent cost advantage. These features will enable Chinese automakers to control nearly two-thirds of the domestic market and capture 10 percent of the European market share by 2030, according to the report….
Vast Majority of Chinese Electric Vehicle Makers Unlikely to Survive Past 2030, Report Says
