Subscribe
China

Rise of China's EV makers threatens Western automakers, UBS report says

BYD Seal IAA BL.jpg
BYD's Seal is pictured at the IAA in Munich. (BLOOMBERG)
B
By:
Bloomberg
September 05, 2023 11:06 AM

Western automakers are set to lose a fifth of their global market share due to the unstoppable rise of more-affordable, cheaper-to-produce Chinese electric vehicles, according to UBS Group analysts.

Featured Stories

Tariffs remain on autos, steel, aluminum despite Trump’s reciprocal duty pause
Tariffs remain on autos, steel, aluminum despite Trump’s reciprocal duty pause
Dealership buy-sell database updates: AutoNation, Top 150 groups among dealmakers across 6 states
Dealership buy-sell database updates: AutoNation, Top 150 groups among dealmakers across 6 states
Lincoln to keep importing Nautilus from China, but price increase ‘likely’ if tariffs persist
Lincoln to keep importing Nautilus from China, but price increase ‘likely’ if tariffs persist
BMW considers boosting output at U.S. plant by up to 80,000 units
BMW considers boosting output at U.S. plant by up to 80,000 units

Latest News

China wholesale car shipments continue rise behind incentives for electrified vehicles
Mercedes is axing Citan and T-Class vans in further downgrading of tie-up with Renault
Lincoln to keep importing Nautilus from China, but price increase ‘likely’ if tariffs persist
Tariff-linked price hikes to hit Canada’s new-vehicle market soon, dampen 2025 sales
Staying current is easy with newsletters delivered straight to your inbox.

See More in China

China wholesale car shipments continue rise behind incentives for electrified vehicles
Chinese car exports to Russia hit by taxes, consumer uncertainty
March new-car sales jump 14% on incentives, trade group says
China light-vehicle exports under more pressure as U.S. tariffs roil overseas markets
Staying current is easy with newsletters delivered straight to your inbox.