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BYD CEO claims Chinese EVs are years ahead of the competition

  • BYD CEO, Wang Chuanfu, claims Chinese electric vehicles (EVs) are three to five years ahead of the competition in terms of product, technology, and supply chain.
  • Global Ford CEO, Jim Farley, has also expressed admiration for Chinese carmakers and highlighted the rise of Chinese EVs as an existential threat.
  • Chinese EVs currently face tariffs in Europe and the US, with the European Commission placing tariffs on Chinese EVs as high as 45.3%.
  • Australia, on the other hand, is more accepting of Chinese cars and EVs, with seven of the top 10 best-selling EVs in the country being built in China.

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