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Xpeng CEO Predicts Five Chinese Automakers Will Reach Trillion-Yuan Revenue Milestone
May 7, 2026 — Chinese electric vehicle (EV) leader Xpeng Inc. CEO He Xiaopeng has forecast that five major automakers in China will eventually achieve annual revenues of trillions of yuan, placing them among the global automotive elite. In a recent appearance on China Central Television’s “Dialogue” program, He Xiaopeng shared this vision, emphasizing that only a handful of Chinese manufacturers will reach this scale—comparable to today’s global giants like Toyota, Volkswagen Group, Kia-Hyundai, Stellantis, and General Motors.
According to He Xiaopeng, achieving such revenue levels would require each automaker to sell more than 7 million vehicles annually, a benchmark currently met by only five automakers worldwide. While he did not name the five Chinese companies poised to reach this milestone, industry data from 2025 highlights the current front-runners: BYD, SAIC, Geely, Chery, and Great Wall Motor (GWM). These companies reported revenues of 803.9 billion yuan, 646.1 billion yuan, 345.2 billion yuan, 300.2 billion yuan, and 222.8 billion yuan, respectively, in the most recent fiscal year.
The prediction underscores the intensifying consolidation in China’s automotive sector, where innovation and scale are critical to long-term success. He Xiaopeng also addressed the industry’s challenges, including the need for breakthroughs in autonomous driving and electric vehicle technology, as highlighted by the upcoming Beijing Auto Show 2026.
The statement comes as China’s EV market continues to expand rapidly, with domestic automakers increasingly competing on a global stage. Analysts note that reaching trillion-yuan revenue levels would not only solidify these companies’ domestic dominance but also position them as key players in the worldwide automotive industry.
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