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On October 17, reports emerged that on the afternoon of October 16, Zhao Fei, the newly appointed chairman of Changan Automobile, emphasized during a media briefing that the domestic automotive market is currently undergoing intense competition, having entered a phase characterized by the Matthew effect and industry reshuffling. He noted that some competitors may resort to irrational tactics, with product and pricing strategies that deviate from market norms, ultimately hindering sustainable growth. Despite the significant downturn in the domestic auto sector, Zhao highlighted that opportunities abound in overseas markets. Changan Automobile will, therefore, channel its full efforts into international expansion, leveraging its strengths in new energy technologies and intelligent vehicle solutions to maintain its leading market position.
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