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Room for foreign automakers in Chinese market, BMW chairman says - Finance news and analysis from Global Banking & Finance Review
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Room for foreign automakers in Chinese market, BMW chairman says

Published by Global Banking & Finance Review

Posted on June 18, 2026

1 min read

· Last updated: June 18, 2026

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BMW Chairman Sees Opportunity for Foreign Automakers in China’s Auto Market

Insights from BMW Supervisory Board Chairman Nicolas Peter

Opportunities in the Chinese Car Market

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.

BMW’s Market Performance and Strategy

Confidence in the U.S. Market

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.

European Auto Market Trends

Electrification by 2035

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)

Key Takeaways

  • China remains the world’s largest car market and still offers opportunities for foreign brands despite strong local competition.
  • BMW views the U.S. market as stable and important, helping offset production-sales imbalances in Europe.
  • BMW forecasts that electric vehicles could account for up to 60% of Europe’s auto market by 2035.

References

Frequently Asked Questions

What did BMW's chairman say about the Chinese car market?
BMW's chairman Nicolas Peter said there is room for automakers aside from Chinese ones in the Chinese car market, as it is the world's largest.
How does BMW view the U.S. automotive market?
BMW remains confident in the U.S. market, considering it stable and important.
What is BMW's current situation in the European market?
BMW is currently selling less in Europe than it manufactures, despite its local strategy.

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