1600 GMT - The rising market penetration of Chinese carmakers around the world is likely to accelerate consolidation in the global auto industry, AlphaValue's Adrien Brasey says. The Chinese market seems ripe for consolidation to narrow the playing field to a few dominant players, likely led by BYD. Deals involving Western and Chinese carmakers seem plausible, Brasey says. However, Chinese companies would probably opt to continue buying particular assets or make investments in Western companies. There is some potential for consolidation among carmakers in the U.S., like General Motors and Stellantis, but this looks far fetched, Brasey says. In Europe, the car industry is highly unlikely to see significant consolidation given it would offer limited strategic advantages, he says. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
December 18, 2024 11:00 ET (16:00 GMT)
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