BAIC's Zhang Guofu criticizes the "involution" phenomenon: low-end competition is a dead end, and market competition must adhere to the bottom line

Zhitong
2025.05.31 08:09

On May 31, at the 2025 Future Automotive Pioneer Conference, Zhang Guofu, Secretary of the Party Committee and Chairman of BAIC New Energy, stated that market competition should avoid low-end involution, and high-end breakthroughs are the correct direction; car manufacturing should return to its essence and create a trustworthy future. Zhang Guofu emphasized that market competition must adhere to the bottom line, cannot sacrifice quality, and requires calm reflection on the industry's ecological relationships. As a member of the Hongmeng Intelligent Travel "Five Realms," Zhang Guofu also mentioned the cooperation between BAIC New Energy and Huawei, stating that they have been learning from Huawei

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