Chairman of the China Automotive Technology and Research Center: The automotive industry urgently needs to strengthen efforts to rectify "involutionary" competition

Wallstreetcn
2025.06.01 13:13

Regarding the "involution" competition in the automotive industry, An Tiecheng, Chairman of the China Automotive Technology Research Center Co., Ltd. (referred to as "CATARC"), recently stated that: first, it is necessary to strengthen top-level design, guide industry transformation through a combination of "unblocking and blocking," and research and implement operational regulatory systems targeting the "involution" competition in the automotive industry, enhancing the requirements for the access of automotive enterprises and product production; second, the industry should establish a self-regulatory mechanism to achieve breakthroughs through innovation and quality; third, it is essential to strengthen consumer market publicity and guidance, promoting the participation of the entire society in supervision. (China News Network)

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