Xpeng's CEO says most Chinese carmakers will not survive the next decade

"I personally think that there will only be seven major car companies that will exist in the coming 10 years," He Xiaopeng, the CEO of Xpeng, told the Singaporean newspaper The Straits Times.

Jade Gao/AFP via Getty Images

• China has the world's biggest EV market.
• But Xpeng's CEO, He Xiaopeng, says most Chinese carmakers will not exist in 10 years.
• He predicted that only seven major car companies would eventually be left in China.

Xpeng CEO He Xiaopeng doesn't...