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South China Morning Post
Chinese carmakers could capture 15% to 30% of European market by 2035: analysts
Analysts from Citi project that by 2035, Chinese automakers could secure between 15% to 30% of the European car market, driven by the rise of electric vehicles (EVs). This forecast underscores the growing competitiveness of Chinese EV manufacturers and their potential impact on the European automotive landscape. As European consumers increasingly turn to electric options, the market presence of these manufacturers will likely reshape traditional automotive competition.
MonitorConfidence: MediumLong term horizon
Published 13 Aug 2026, 09:25 UTC1 min read
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Summary
TL;DR
- Chinese carmakers may capture 15% to 30% of the European market by 2035.
- Predicted growth is driven by the increasing demand for electric vehicles.
- Citi analysts highlight the competitiveness of Chinese manufacturers.
- The forecast points to significant changes in the European automotive market.
- Traditional automakers may face challenges from rising Chinese firms.
Interesting facts
- The number signifies a dramatic shift in market dynamics since Chinese EVs currently hold a smaller share.
- Analysts suggest China's aggressive electrification strategies are key to this potential growth.