Full throttle: Chinese EV makers to corner one-third of global market by 2030, UBS says
China’s carmakers are on track to capture about one-third of the global auto market by 2030 and generate most of their profits overseas, according to UBS, underscoring the resilience of the country’s electric vehicle (EV) advantage despite mounting trade barriers in the West. The Swiss bank said its forecast had remained unchanged from two years…