Huan Qiu Wang·2025-12-17 05:21Core Viewpoint - UBS's latest report indicates that Chinese automakers are entering the 2.0 phase of globalization strategy, with the potential to capture one-third of the global automotive market by 2030 due to advantages in electric vehicle technology, an improving distribution network, and increasing brand recognition [1] Group 1: Market Share and Trends - Chinese brand vehicles have seen their market share rise to nearly 70% in the first 11 months of this year, as domestic consumers shift towards more affordable local models, reducing demand for foreign luxury cars [1] - BYD has surpassed Volkswagen to become the largest car seller in China in recent years [1] Group 2: Competitive Landscape - According to the China Association of Automobile Manufacturers, German brands hold 12% of the market, Japanese brands approximately 10%, and American brands nearly 6% [1] - S&P Global Ratings' director for the Chinese automotive sector, Cai Xiaoying, stated that Chinese manufacturers' products are more competitive and affordable even in the high-end segment, which is a key reason for the decline in momentum of foreign brands [1]