BEIJING (Reuters) – Founder of China’s Seres Auto Zhang Xinghai, a delegate to China’s top political advisory body, said that competition in China’s electric vehicle market is extremely intense on price and technology, state media reported on Tuesday. The government should improve regulation to ensure an orderly market, Zhang suggested, according to the Securities Times. […]
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Seres Auto founder says China EV market competition is intense on price, technology
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BEIJING (Reuters) – Founder of China’s Seres Auto Zhang Xinghai, a delegate to China’s top political advisory body, said that competition in China’s electric vehicle market is extremely intense on price and technology, state media reported on Tuesday.
The government should improve regulation to ensure an orderly market, Zhang suggested, according to the Securities Times.
Seres is a partner of Huawei in co-developing the Aito cars.
(Reporting by Beijing newsroom; Editing by Muralikumar Anantharaman)