Wei Jianjun, chairman of Great Wall Motors, recently said that if the industry doesn't pay attention to order and rules, it will eventually be the consumers who will pay for it. He mentioned that in the past ten years, 24 Chinese car brands have withdrawn from the market, and current trends indicate that more brands may face the same fate in the future. Wei Jianjun stressed that consumers may feel short-term benefits by buying cars at low prices, but for those car brands that have gone out of business, the value of their used cars has plummeted, almost equivalent to scrap metal, and maintenance services are difficult to find. He likened this situation to “chives,” and future cost increases are immeasurable. This long-term loss is even more destructive than short-term price cuts. He also mentioned that this negative impact may continue in the country for another 67 years. The reason why these issues are frequently discussed publicly is because fraud in the market has damaged the image of the Chinese automobile industry. He said that although telling the truth may hurt him, he personally has strong ability to withstand pressure and is not afraid of these challenges.

Wei Jianjun, chairman of Great Wall Motors, recently said that if the industry doesn't pay attention to order and rules, it will eventually be the consumers who will pay for it. He mentioned that in the past ten years, 24 Chinese car brands have withdrawn from the market, and current trends indicate that more brands may face the same fate in the future. Wei Jianjun stressed that consumers may feel short-term benefits by buying cars at low prices, but for those car brands that have gone out of business, the value of their used cars has plummeted, almost equivalent to scrap metal, and maintenance services are difficult to find. He likened this situation to “chives,” and future cost increases are immeasurable. This long-term loss is even more destructive than short-term price cuts. He also mentioned that this negative impact may continue in the country for another 67 years. The reason why these issues are frequently discussed publicly is because fraud in the market has damaged the image of the Chinese automobile industry. He said that although telling the truth may hurt him, he personally has strong ability to withstand pressure and is not afraid of these challenges.