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Fortune

Steve Mollman

After Elon Musk predicts leading carmakers will be Chinese, smartphone giant Xiaomi unveils first EV and vows to be in ‘world’s top 5’

Xiaomi Elon Musk Lei Jun Tesla Inc. BYD China Bill Russo Apple Beijing VCG

(Credit: 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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