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On June 1, An Tiecheng, Chairman of China Automotive Technology and Research Center Co., Ltd. (CATARC), offered three pivotal suggestions to address the issue of 'involuted' competition within the automotive industry. Firstly, he emphasized the need to fortify top-level design by implementing practical regulatory frameworks that not only steer industry transformation but also rigorously enforce entry standards for automotive enterprises and product manufacturing. Secondly, An advocated for the establishment of an industry self-regulatory mechanism, emphasizing innovation and quality as the cornerstone for competitive advancement. Lastly, he underscored the importance of bolstering publicity and guidance in the consumer market, encouraging widespread societal participation in oversight efforts to collaboratively rectify the phenomenon of 'involuted' competition.
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