On June 7, the China Automobile Chongqing Forum entered its second day. Li Shufu, chairman of Geely Holding Group, said in a video speech that the degree of internal circulation in China's automobile industry ranks first in the world, and the price war is one wave higher than the other, which is also unparalleled in the world. This (phenomenon) is both a good thing and a bad thing. If the level of marketization is relatively high, the laws are sound, the law enforcement is strict, and the competition is transparent and fair, this is a good thing, otherwise it is a bad thing.
Li Shufu
The healthy development of any industry must be reflected in the input-output ratio. To achieve better economic benefits, endless internal competition and simple and crude price wars will result in cutting corners, counterfeiting and selling fakes, and disorderly competition that does not comply with regulations. For the automotive industry, healthy competition in accordance with the law is very important. Only by healthy competition in accordance with the law can sustainable and high-quality development be achieved.