- Legacy carmakers likely to lose a fifth of global market share
- Chinese giant BYD has cost advantage over Tesla and Volkswagen
Led by BYD Co., Chinese carmakers will almost double their share of the auto market to 33% by the end of the decade, UBS analysts including Patrick Hummel and Paul Gong wrote in an Aug. 31 report.
https://www.bloomberg.com/news/articles/2023-09-05/rise-of-china-s-ev-makers-threatens-western-firms-ubs-says?in_source=embedded-checkout-banner