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

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,

Wang Chuanfu, founder of Chinese EV giant BYD, got a prime seat in Monday’s meeting with Xi Jinping, meant to show Beijing’s renewed commitment to its beleaguered tech sector. The Chinese carmaker has gone from strength-to-strength in recent years,

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.