(Yicai) Oct. 16 -- Many new electronic products are on display at a major trade show in China's southern Guangdong province, as Chinese electronics companies come up with new ways to stay ahead of the game as competition in the country’s new energy vehicle sector intensifies.

Zhejiang Shuangyang Group’s new charging gun for electric cars has been getting a lot of attention at the 134th China Import and Export Fair, also known as the Canton Fair, and many people were asking about prices on the opening day yesterday, said Luo Yuanyuan, general manager of the firm which specializes in the production of electrical wires and cables.

Shuangyang decided to develop this new product at the beginning of the year, Luo said. The Ningbo-based company has already secured safety certification for the device from German product certification provider TÜV and the production equipment is ready.

Shuangyang will produce these charging devices in different colors and materials to meet customer demand and has already received many orders, Luo said.

Battery maker Leoch International Technology is also branching out into more industrial energy storage solutions.

“Competition is becoming increasingly fierce, so more services need to be provided to improve customer loyalty,” Yu Yufang, general manager in charge of foreign sales at the Hong Kong-based firm, told Yicai. "We have decided to start connecting both the upstream and downstream sectors.”

Thanks to the boom in electric car battery sales, Leoch and most other battery makers have been doubling their sales targets each year, Yu said.

“It is now 4 p.m. and we have been so busy meeting new clients to discuss pricing that we not taken a break since we opened at 9.30 a.m.,” he added.

China’s exports of electric vehicles, lithium batteries and solar cells surged 41.7 percent in the nine months ended Sept. 30 from a year earlier to CNY99 billion (USD13.7 billion), Lv Daliang, spokesperson for the General Administration of Customs, said on Oct. 13. This accounted for 4.5 percent of the country’s total exports, up 1.3 percentage point from a year ago

Over 50,000 overseas purchasers from more than 200 countries and regions attended the first day of the Canton Fair, much more than last year. Many exhibitors said that there was an obvious increase in buyers, even though it was only the first day of the event.

Editor: Kim Taylor