XPeng CEO He Xiaopeng expects that five automakers in China will emerge with trillions of yuan in revenue and hundreds of billions in profit, a statement made on CCTV. Such a scale requires about 7 million cars per year. Today, only global groups demonstrate comparable figures: Toyota, Volkswagen Group, Hyundai Motor Group, Stellantis, and General Motors.
According to the latest data, BYD (803.9 billion yuan), SAIC Motor (646.1 billion), Geely (345.2 billion), Chery (300.2 billion), and Great Wall Motor (222.8 billion) are leading. This is the potential "backbone" of the future top five.
He Xiaopeng points to "involution" — overheated competition and an excessive number of premieres. The indicator is auto shows with hundreds of new products (for example, Beijing Auto Show 2026). In his opinion, the market will become healthier when the density of launches decreases.
XPeng sees EREV (hybrid with ICE generator) as a transitional solution for markets with uneven infrastructure. A representative of another Chinese brand, Nio, on the contrary, relies only on all-electric models — as the "ultimate goal."
From January to April 2026, XPeng sold 94,693 vehicles (–27.4%). The reason is a decline after the curtailment of subsidies. The goal for the year is up to 600,000, the driver is the launch of the full-size SUV GX.
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