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BAIC Group has released a statement in support of the "Compliance Guidelines for Price Behavior in the Automotive Industry," deeming it a pivotal step toward standardizing industry competition and fostering high-quality growth within the sector. The group is committed to taking decisive action. BAIC will refine its price compliance management system by incorporating the guidelines' stipulations throughout its operational processes. This will involve eradicating practices such as selling below cost and false advertising, ensuring transparent and accurate price labeling, and upholding consumers' right to information. Additionally, BAIC will motivate its upstream and downstream partners to collectively adhere to compliance standards, fostering a collaborative effort to construct an industrial community with a shared future.
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