中国汽车_长远视角 -加速全球扩张-Chinese Autos_ The Long View – Accelerating Global Expansion

Eunice Lee, CFA +852 2123 2606 eunice.lee@bernsteinsg.com Ethan Xu +852 2123 2634 ethan.xu@bernsteinsg.com Mika Fu +852 2166 4805 mika.fu@bernsteinsg.com We now forecast Chinese brands' overseas sales volume to reach c.8–10mn units by 2030E, up from c.4mn units in 2025. Chinese brands outperformed our previous forecasts, growing their market share outside China from 4% in 2023 to 6% in 2025E (vs. 5% previously projected). We now adopt a more bullish 13% market share for 2030E, up from 10% previously. Over t ...