TECH - BYD Boss Says Chinese EVs Worrying 'Many' Foreign Politicians: 'If You Are Not Strong Enough They Will Not Be Afraid Of You' | Benzinga
BYD Co (OTC:BYDDY) (OTC:BYDDF) Chairman and founder Wang Chuanfu on Friday said foreign politicians are “afraid” of Chinese electric vehicles such as those made by the company.
What Happened: Wang, during his speech at an industry summit in Chongqing, China, called upon the electric vehicle industry to welcome greater competition to accelerate the auto industry’s transition to electric vehicles, Bloomberg reported.
"There are many examples of politicians in other countries who are worried about EVs in China," Wang said as per the report. The worry, however, is a testament to the strength of China’s car industry, he added.
"If you are not ...