Chinese electric buses zoom into Paris, world

"We've had nearly 200 vehicles from Ankai that make up a large proportion of our operational fleet globally. These vehicles (EVs) are another part of adding to what we have. And it's another part of our long-term friendship," Price said. "We rely on very, very good suppliers and Ankai is one of the strongest that we have."

Ankai's buses are already a familiar sight in over 100 countries and regions, with over 10,000 buses in Saudi Arabia alone.

China has set ambitious targets for the expansion of electric buses and public transportation. It aims to increase the share of EVs in the public transportation system to 80 percent in key areas, including bus and taxi services, by 2025.

According to a pilot plan of the Ministry of Industry and Information Technology and seven other ministries, China will speed up the full electrification of vehicles used in public transportation between 2023 and 2025, and the building of a charging and swapping infrastructure system that is "moderately advanced, well-balanced, intelligent and efficient".

China's exports have seen a marked shift, with the "old three" — household appliances, furniture and clothing — giving way to the high-tech "new three" — EVs, lithium-ion batteries and solar cells, economist Yu Xiangrong said in a research note by Citigroup.

"The shifting export drivers demonstrate progress in China's industrial upgrading. China has clearly risen up the value chain and remains competitive amid a reconfiguration of the global supply chain," said Yu, who led the research team.

"This ability to manufacture a range of products from low-value consumer goods to high-tech innovative products provides resilience for China's exports, and continuing upgrades to manufacturing capabilities, R&D investment and emphasis on cost controls should help sustain its competitiveness in trade."

As the country accelerates its steps to promote green transformation amid a booming NEV sector, Chinese electric buses are zooming into the global market.

Yutong Bus Co, the largest e-bus manufacturer in the country, appears to be a surprise winner in the competitive EV market, thanks to its growth momentum in both the domestic and overseas markets.

Its stock price has more than doubled this year, making it the biggest gainer on the MSCI China Index. The most bullish analyst sees it rising another 15 percent within the next year.