"Developing new energy vehicles is the only way for China to go from being a great automobile country to an automobile power," Xi Jinping states, underscoring the significance of electric vehicle production in China's industrial ambition.
The factory has the capacity to produce 3,000 vehicles a day, showcasing BYD's rapid assembly line and its role in competing with global leader Tesla.
By doing the research and development of 100% of the vehicles' key components, like electric motors and batteries, BYD distinguishes itself through innovation and vertical integration.
With over 30.16 million cars produced last year, China leads the automotive industry significantly compared to the U.S., which produced just 10.6 million cars, emphasizing China's manufacturing dominance.
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