China’s electric vehicles are around 3-5 years ahead, BYD CEO says

BEIJING (Reuters) – China’s electric vehicles are around three to five years ahead of the competition in terms of products, technology and the industrial chain, BYD’s CEO Wang Chuanfu said in an interview with China’s national television broadcaster. Wang was interviewed on Monday after Chinese President Xi Jinping’s symposium with some of the biggest names in China’s technology sector. Wang was among the business leaders who spoke at the meeting. China overtook Japan in 2023 as the world’s largest auto exporter, but its electric vehicle exports face tariffs from the United States and the European Union, with the EU imposing…