Wang Chuanfu and Cook met at Apple's headquarters in China and looked at BYD's booth together.

According to The Paper, Wang Chuanfu, chairman and president of BYD Co., Ltd., appeared at Apple's China headquarters in Shanghai on the afternoon of March 20 to meet with Apple CEO Cook.

On the same day, Wang Chuanfu and his team also visited the exhibition area of ​​Apple’s China headquarters, including Apple’s main suppliers BYD Electronics, Lens Technology, Changying Precision, etc. These suppliers showcased their latest smart manufacturing technologies, showcasing components and products tailored for Apple. Wang Chuanfu also visited BYD’s booth with Tim Cook.

Cook’s appearance in Shanghai was mainly to attend the opening ceremony of Apple’s Jing’an retail store. It is reported that this retail store will be officially opened tomorrow. It will be Apple’s 57th Apple Store in Greater China and the 8th Apple Store in Shanghai. It will also be the second largest Apple retail store in the world and the largest in Asia. , its level is second only to New York’s Fifth Avenue.

It is worth noting that at the China Electric Vehicles 100 Forum (2024) held today, Wang Chuanfu expressed his opinions on the development trends of the automotive industry. He said that the automobile industry is currently facing a fierce elimination competition, and new energy vehicles have also entered a stage of cyclical adjustment. In this context, increasing industrial concentration has become an inevitable trend, and companies need to form economies of scale and brand advantages as soon as possible.

And Apple appears to be very smart. When faced with the challenges of the car-making market, it terminated the "Titan" car-building plan ahead of schedule and instead invested resources in generative AI. It is said that there will be one by the end of this year. Results announced.

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