Founder of China’s Seres Auto 601127 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 (HWT.UL) in co-developing the Aito cars.
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