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Technology Stocks : "NIO, XPEV, LI, BYD.. China's Quads
BYDDF 12.06-0.1%Dec 22 3:39 PM EST

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From: roto12/29/2023 4:33:23 PM
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After Elon Musk predicts leading carmakers will be Chinese, smartphone giant Xiaomi unveils first EV and vows to be in ‘world’s top 5’

BY STEVE MOLLMAN
December 28, 2023, 10:47 PM UTC



Xiaomi CEO Lei Jun announces a new product line in August in Beijing. He’s now betting big on electric vehicles.
VCG/VCG/GETTY IMAGES

Elon Musk believes Chinese car companies will become dominant players on the global stage.

“There’s a lot of people out there who think that the top 10 car companies are going to be Tesla followed by nine Chinese car companies,” the Tesla CEO said at last month’s New York Times DealBook conference. “I think they might not be wrong.”

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