In a Monday interview with Chinese state broadcaster CCTV, Wang estimated that Chinese EVs are three to five years ahead of their foreign competition. Wang spoke after a meeting with Chinese president Xi Jinping and several other prominent business executives, including Alibaba founder Jack Ma.

Electric vehicles from Chinese manufacturers are approximately three to five years ahead of those from foreign competitors, BYD founder Wang Chuanfu was quoted as saying during an interview with Chinese broadcaster CCTV,

The country's automakers lead in several important areas, like product, technology, and industrial supply chain

China's electric vehicles are approximately three to five years ahead of their competitors in terms of products, technology, and the industrial chain, BYD

According to BYD's CEO, China's electric vehicles are years ahead of rivals – and he's not the only one to praise its auto industry.