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.