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Why this analyst says the future of cars is electric—and Chinese

July 3, 2020

BY Alexander Kalis
MANAGING PARTNER

By Fortune

The coronavirus pandemic has upended the global car industry—but China remains a bright spot amid the disruption.

Currently, China is the largest automobile manufacturer in the world, and in 2019 made 28% of all vehicles produced globally, according to the International Organization of Motor Vehicle Manufacturers. That output, however, serves China’s domestic market almost exclusively. China exported roughly 3% of the vehicles it produced in 2019. But China’s global footprint in the automotive space is likely to expand as the world battles the pandemic in the coming years.

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