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Chinese New Energy Vehicle is good as other industry countries

Some medias report Chinese new energy vehicle has gap with other countries, technology is not good as others. In china, the infrustructure of NEW is not good as USA, Japan. But Chinese NEV is on the same line compared with other countries.

The Mr. Chuanfu Wang, CEO of BYD, said on a meeting recently, we should have self-confidence that there are a lot of technology of NEV are leading by Chinese company. Mr. Wang said, Plug-in hybrid vehicle, from concept to products, it is created by China. The first double mode HEV are produced by Chinese company. Then other oversea company has this type vehicle. Another area is EV bus, Chinese company has produced tens of EV buses. They has been operated in several cities.

NEV has three core technical area, its battery, motor, and controller. BYD has Fe battery, the safety and stability are better than NMC battery, and cost is very low compared with NMC battery. Chinese company has core tech of high speed motor. We are good at controller at the same time.