China auto industry focusing on luxury EVs

Attendees look at an Xpeng Inc. X9 electric multi purpose vehicle (MPV) on display at the Guangzhou Auto Show in Guangzhou, China, on Friday, Nov. 17, 2023. China is the world痴 largest electric vehicle market. Photographer: Qilai Shen/Bloomberg

GUANGZHOU: Development of domestically produced premier electric vehicles (EVs) will be a key strategy for Chinese automobile manufacturers, as the global new energy vehicle (NEV) market has entered a golden era, according to automobile manufacturers during an international auto show in Guangzhou, the capital of Guangdong province.

“The domestic NEV market has kept growing, with exports also witnessing a sharp increase,” said Feng Xingya, president of GAC Group, a leading automobile manufacturer based in Guangzhou.