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Li Shufu on Auto Industry Price War: Persistence Until Consolidation Among Competitive Firms
2025-03-06 /
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Author：小编
Li Shufu, a member of the National Committee of the Chinese People's Political Consultative Conference and the chairman of Geely Holding Group, stated on March 5 that the ongoing price war within the automotive market will persist until only a handful of highly competitive companies remain standing. He stressed the importance of market optimization to foster a normal and orderly environment, condemning vicious competition while advocating for healthy and structured rivalry. Geely maintains its stance against engaging in price wars, instead advocating for competition rooted in technology, quality, service, brand strength, and ethical standards.
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