Geely Senior Vice President Yang Xueliang called on car companies to get rid of involution and get out of the cycle of involution

2024 China Auto Forum

1. Introduction

On July 13, the 2024 China Auto Forum was held in Shanghai on July 12. Discussions will be held around hot issues and key topics in the automotive industry.

2. The views of Yang Xueliang, senior vice president of Geely Holding Group

Yang Xueliang pointed out that the current chaos in the automobile industry stems from automobile involution, which is a derogatory term and represents unhealthy competition. Corporate involution leads to collective failure. He called for getting rid of the vicious circle of involution, moving towards healthy competition, and embarking on the track of standardized development.

3. Views of Zhu Huarong, Chairman of Changan Automobile

Zhu Huarong believes that the involution of the automobile industry is a normal process of good money driving out bad money, and is the best way for the industry to return to healthy competition.

4. Views of Wang Chuanfu, Chairman of BYD

Wang Chuanfu believes that involution is the essence of market competition, and market competition is an economy of excess. He called on entrepreneurs to embrace and participate in involution, support Chinese brands for the country, and build the world's number one brand.

5. Reference

Cui Dongshu, Secretary-General of the Passenger Transport Association, said that the scale of price reductions from January to May 2024 has exceeded 90% of that in 2023.

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