China-made electric vehicles are three to five years ahead of the competition, Reuters reported Tuesday, citing an interview with BYD (HKG:1211, SHE:002594) Chief Executive Officer Wang Chuanfu on state media.
Wang said Chinese EVs surpassed rivals in terms of product offerings, technology, and the industrial chain, according to the report.
The BYD chief's interview came after China President Xi Jinping met with the business community on Monday, the report said.
China outpaced Japan in 2023 as the world's largest car exporter but its EV exports are subject to tariffs from the US and the EU, the report said.
China's top new-energy vehicle manufacturers include BYD, Li Auto (HKG:2015), XPeng (HKG:9868), and NIO (HKG:9866, SGX:NIO).
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。