Cyrus Zhang Xinghai: Tesla FSD’s entry into China will stimulate new vitality in China’s new energy vehicle industry

At the 2024 China Automobile Chongqing Forum Entrepreneurs High-end Dialogue held today, Zhang Xinghai, chairman (founder) of Cyrus Group, expressed his views on Tesla FSD’s upcoming entry into China. He believes that the entry of Tesla FSD will promote the development of China's autonomous driving technology to a certain extent.

He said that the introduction of Tesla FSD is not only a challenge to the existing structure, but also a major opportunity for China's intelligent networked new energy automobile industry, which will promote China's intelligent networked new energy vehicle industry. The transition of energy vehicles from intelligent driving to autonomous driving.

“When Tesla entered China, someone asked me if China’s new energy vehicles can still survive? I said at the time that Tesla’s entry into China must be a good thing and would definitely promote and accelerate the development of China’s new energy vehicles. . In fact, BYD has become the world’s number one new energy vehicle. In my personal opinion, it is the result of Tesla’s promotion.” further upgrade and accelerate development. In less than five years, China will become the world's number one in smart driving or autonomous driving.

Zhang Xinghai said that the automobile industry is undergoing profound changes. In this regard, he had three thoughts. The first is to pay tribute to users and respect consumers. Now with the support of the vast number of users, China's automobile industry has become the largest in the world today. The second is innovation, and always maintain the spirit of innovation. Only through continuous innovation can we keep up with the times. The third is to embrace changes and seize opportunities. Currently, the entire automobile industry is facing unprecedented opportunities for change, and opportunities only belong to those who are prepared.

Promoting high-quality development of the automobile industry is driven by new quality productivity. Promoting high-quality development of the automobile industry requires cultivating new productive forces. New productive forces with technological innovation as the core are driving the breakthrough development of China's new energy vehicles.

Zhang Xinghai mentioned three persistences: insisting on software-defined cars, insisting on serving users wholeheartedly, and insisting on long-termism. These three insistences are the embodiment of the core capabilities of taking users as the fundamental essence.

Talking about the current phenomenon of involution in the automobile industry, Zhang Xinghai believes that

it is necessary to roll out value from the product level, to roll out user experience from the service perspective, and to roll out the industry from an industrial perspective Technical upgrades and iteration

. He also mentioned that new productivity with technological innovation as the core is promoting the breakthrough and leap-forward development of China's new energy vehicle companies. It is said that

Cyrus Automobile has integrated the original 300 first-tier suppliers to 100 at the end of the industry chain, and will further integrate to about 50

. Refer to previous reports on this site, Cyrus sold 34,130 new energy vehicles in May, a year-on-year increase of 298.62%

. This year, the total sales volume was 156,823 units, a year-on-year increase of 342.35%.

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