Nio’s CEO William Li predicts Chinese automakers will dominate half the global market by 2035. The EV startup's two mass-market brands will have to sell cars in high numbers to meet Li's goal. Xiaomi is also aiming to establish itself as one of the world's biggest carmakers. This year has been a very busy one for Chinese electric car manufacturer Nio.
Li thinks that in 2035, five of the world’s top 10 carmakers will be Chinese, and says the country’s brands could account for 40% of all new car sales, IT Home reports. Read: Nio’s Affordable New Firefly EV Hatchback Has LEDs That Look Like iPhone Cameras This isn't the first time we’ve heard the boss of a new Chinese company announce grand ambitions to become one of the world’s largest automakers.