After not even a full year of being on sale, Xiaomi's SU7 electric sports sedan is rapidly grabbing Chinese market share.

Here are today's top 10 largest car companies by market capitalization, as electrification takes center stage.

Xiaomi SU7 outsells Tesla Model 3 in December 2024. Competitive pricing and local appeal are reshaping China’s EV market.

The new Model Y faces stronger competition than ever before, particularly from China's EV makers, analysts say.

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