Li Bin and Yu Chengdong's Views on Future of Chinese Auto Industry

TapTechNews June 1st news, the 2024 Guangdong-Hong Kong-Macao Greater Bay Area Auto Show opened today. During the Future Automobile Pioneer Conference held simultaneously in Shenzhen, Li Bin, the founder of NIO, released a video of himself in the same frame as Yu Chengdong from Huawei.

Li Bin first congratulated Yu Chengdong on the successful launch of the new car and said that both Huawei and NIO have invested a lot (of funds) in technological research and development. Then, Li Bin asked Yu Chengdong, Do you think how many of the top 10 global auto companies will be from China in 10 years?

Yu Chengdong replied, Wow! Maybe many of the top ten will be from China. He then added, Perhaps more than half, maybe 60% - 70%. Li Bin gave a relatively conservative answer, claiming that he thought it would be 5.

In addition, according to TapTechNews' earlier report today, Yu Chengdong, Executive Director of Huawei and Chairman of Terminal BG and Intelligent Vehicle Solution BU, revealed that the total sales volume of Hongmeng Zhixing as of May 19 this year is 134,000 units.

He said that May is a product adjustment period, and the replacement of the main sales product led to a short-term decline in sales. It is expected that the sales will return to rapid growth in June.

When asked whether it will create a hardcore off-road model with cooperative car companies, Yu Chengdong revealed that there is currently an internal discussion about this. If the project is established, it will not follow the traditional style like the Mercedes-Benz G-Class square box, but will make differentiated and unique innovations and redefine the hardcore off-road with a new concept.