From 1% to nearly 40%, China's automotive industry took 20 years
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In the past 20 years, China's share of global automobile production has soared from 1% to 39%, while Europe's share has dropped from 34% to 13%, Japan's from 21% to 12%, and the United States' from 12% to 3%. (Source: Bank of America Merrill Lynch)
In the past 20 years, China's share of global automobile production has soared from 1% to 39%, while Europe's share has dropped from 34% to 13%, Japan's from 21% to 12%, and the United States' from 12% to 3%. (Source: Bank of America Merrill Lynch)