Room for foreign automakers in Chinese market, BMW chairman says
Room for foreign automakers in Chinese market, BMW chairman says
ReutersThu, June 18, 2026 at 12:36 PM UTC
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People gather next to the BMW i7 electric sedan at the company’s booth at the Beijing International Automotive Exhibition (Auto China), in Beijing, China, April 24, 2026. REUTERS/Maxim Shemetov
PARIS, June 18 (Reuters) - There is room for automakers aside from Chinese ones in the Chinese car market, as it is by far the world's largest, BMW supervisory board chairman Nicolas Peter said on Thursday.
Peter added that BMW remains quite confident in the U.S. market, which is stable and important, but that it is selling less in Europe than it is manufacturing, despite its local strategy.
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The European auto market could be up to 60% electric on average by 2035, he also said.
(Reporting by Gilles Guillaume; Writing by Makini Brice; Editing by Dominique Patton)
Source: “AOL Money”
