On July 22, at the 2026 China Auto Forum, Fu Bingfeng, the Executive Vice President and Secretary-General of the China Association of Automobile Manufacturers, highlighted the pressing issues and challenges confronting the automotive industry amidst its transformative phase. He emphasized that these challenges have become pivotal topics demanding immediate attention.
Firstly, with market competition intensifying and the growth prospects within the domestic auto market gradually narrowing, the industry has transitioned into a phase of stock competition. In this context, companies must steadfastly adhere to their core principles, engage in rational competition, and strive for high-quality development.
Secondly, there is a pressing need to refine the industry's governance systems and mechanisms to foster a healthy and sustainable industrial ecosystem.
Thirdly, the industrial and supply chains exhibit certain deficiencies, notably the lack of independent control over fundamental core technologies and a heavy reliance on critical mineral resources sourced from overseas upstream suppliers.
Lastly, the path to globalization remains fraught with numerous obstacles.