On October 14, Wu Yun, general manager of SAIC Volkswagen Co., Ltd., said in an interview that there is no luck in the current car market. The domestic energy penetration rate has surpassed 60%, far exceeding policy expectations in the early years. Market drivers have long replaced policy drivers, while the country's vehicle production capacity is close to 40 million, yet annual sales have fallen to the 20 million level. The serious imbalance between supply and demand means that the price war will continue for 1 to 2 years. “We can't expect the market to look like, but rather answer: how can we better survive and develop in such an industry environment over the long term.”

On October 14, Wu Yun, general manager of SAIC Volkswagen Co., Ltd., said in an interview that there is no luck in the current car market. The domestic energy penetration rate has surpassed 60%, far exceeding policy expectations in the early years. Market drivers have long replaced policy drivers, while the country's vehicle production capacity is close to 40 million, yet annual sales have fallen to the 20 million level. The serious imbalance between supply and demand means that the price war will continue for 1 to 2 years. “We can't expect the market to look like, but rather answer: how can we better survive and develop in such an industry environment over the long term.”