Wang Xia, President of the China Council for the Promotion of International Trade Automotive Industry Committee: The wave of mergers and acquisitions in the automotive industry will be unavoidable.

At the "2025 China Automotive Chongqing Forum" held in Chongqing, Wang Xia, President of the Automobile Industry Committee of the China Council for the Promotion of International Trade and President of the Automobile Industry Chamber of Commerce of the China Chamber of International Commerce, stated that compared to price wars, the technological competition in China's electric vehicle industry appears to be more positive. Following the performance competition in terms of range and charging speed, as well as the functional competition of "refrigerators, TVs, and big sofas", solid-state batteries, large models with AI, and intelligent driving equality are coming one after another. However, accidents such as battery fires, autonomous driving failures, and hidden door handle traps occasionally serve as reminders that safety must always be the first priority during technological competitions. Wang Xia believes that mergers and integrations are the inevitable outcome of "overlapping" and an important means to manage "overlapping." Following the laws of market economy development, mergers and reorganizations are inevitable phenomena as industries mature. Currently, the stagnation in market capacity, declining profits, and further increase in market concentration in the Chinese automotive industry are typical characteristics of entering the mature stage of the industry. Combined with China's high-speed economic development mechanism and various regions aggressively competing to seize industrial high ground, the wave of mergers and reorganizations in the automotive industry will be inevitable.