Recently, a high-level gathering of 17 prominent domestic automakers, spearheaded by industry titans like BYD, Changan, Geely, and Great Wall, took place in Beijing. Led by their chairmen or CEOs, these companies participated in a special "anti-cutthroat competition" meeting convened by the National Development and Reform Commission, the Ministry of Industry and Information Technology, and the Ministry of Commerce. The summit addressed the escalating issue of disorderly price wars and vicious competition within the automotive sector, aiming to devise collective solutions through constructive dialogue. The attending companies unanimously pledged their commitment to the government's call for action, vowing to employ technological innovation, management enhancements, and other strategic measures to uphold a fair and competitive market environment, thereby fostering the healthy and sustainable growth of the industry.