Elon Musk's Tesla is under pressure in the world's largest car market from EV giant BYD and its rivals that are fast expanding outside China.

China's electric vehicles are around three to five years ahead of the competition in terms of products, technology and the industrial chain, BYD's CEO Wang Chuanfu said in an interview with China's national television broadcaster.

BYD’s CEO rightly highlighted that China is years ahead of the rest of the world in EVs, and this is largely because China identified this opportunity back in 2001 and then resourced it so they would win.

In China, BYD recently made headlines for offering its advanced autonomous driving features on most of its models including ones priced as low as AUD $9,555 (69,800 yuan), like the Seagull, a compact electric vehicle. Could a sub-$10,000 BYD ever make its way to Australia? It’s unlikely.

The country's automakers lead in several important areas, like product, technology, and industrial supply chain

China's electric vehicles are approximately three to five years ahead of their competitors in terms of products, technology, and the industrial chain, BYD

According to BYD's CEO, China's electric vehicles are years ahead of rivals – and he's not the only one to praise its auto industry.