Wang Chuanfu, chairman of China's leading electric vehicle (EV) maker BYD, said on Monday that the common development of the EV industry depends on openness and innovation, following a symposium headed by Chinese President Xi Jinping, who is general secretary of the Communist Party of China (CPC) Central Committee.
Xi, who is also chairman of China's Central Military Commission, delivered an important speech at the symposium following consultations with private entrepreneurs.
Wang, who attended and spoke at the meeting, said he has greater faith in the private economy sector after listening to Xi's speech, and said development will accelerate if everyone has confidence and ambition.
"In 2014, 10 years ago, the general secretary said that if China wants to move from a big automobile country to an automobile powerhouse, new energy vehicles are the only way forward. And 10 years later, you can see the radical changes in the sector. BYD has truly experienced the far-sightedness of the CPC Central Committee over the past 10 years. At the symposium, the general secretary put forward many requirements on how to implement various policies. I believe that we must learn from the requirements and instructions of the general secretary. If we have confidence, we can run the enterprise better and better," he said.
Wang said China's new energy vehicles are taking a leading role across the world thanks to the openness and innovation of the companies involved and the hard work of their employees.
"China's new energy vehicle technology is about three to five years ahead in terms of products, technology and industrial chain. Only through openness and innovation can the world see the good products and achieve common development. We don't have any other skills, we just rely on technological innovation. If we say what our assets are, I think my biggest asset is the team of engineers. We have 110,000 engineers, which is my biggest asset at BYD. Behind each of our technologies is innovation, behind each of our technologies is green development, and behind each of our technologies is the hard work of 110,000 engineers," said Wang.
Common development of electric vehicles depends on openness, innovation: BYD chairman
Common development of electric vehicles depends on openness, innovation: BYD chairman
