A man in a hoodie stands next to a teal sedan.
Chinese automaker XPeng will start selling its P7 sedan in the German auto market this year.
  • Chinese automakers have their sights set on world domination.
  • That's bad news for European automakers like Volkswagen, Mercedes-Benz, and BMW.
  • Eventually, they will pressure US-based car companies like Ford and GM.

Chinese automakers have their sights set on world domination. With their recent push into Europe, experts say companies like Volkswagen, Mercedes-Benz, and BMW should be nervous.