TapTechNews June 7th. During today's 2024 China Automobile Chongqing Forum, Wang Chuanfu, the chairman and president of BYD, took the stage to deliver a speech and discussed a series of topics such as industry competition and 'going global'.
When talking about the 'intense competition' in the industry, Wang Chuanfu said that 'intense competition' is a kind of market competition and the essence of the market economy. 'Originally, there were hundreds of mobile phone brands, and now only a few remain after the survival of the fittest. The same is true for home appliance enterprises. Only when there is overcapacity can there be competition, and when there is competition, there will be intense competition. Only through intense competition can there be technological breakthroughs and industrial upgrading, and excellent products can be born. Intense competition is a natural law. Don't worry, only by actively embracing it can one emerge from the competition.'
Wang Chuanfu pointed out that the revolution of new energy vehicles replacing traditional fuel vehicles is actually a 'technological revolution'. 'The main driving force of the technological revolution is innovation.' When talking about issues related to 'going global', Wang Chuanfu said that European and American countries all have very strong automotive industries, but now some 'abnormal' measures, policies, and high tariff barriers have been introduced, which proves that the Chinese automotive industry has made great progress.
According to TapTechNews' report yesterday, Wang Chuanfu once said at BYD's 2023 annual general meeting that currently BYD's engineer team in the field of intelligent driving has nearly 5,000 people, and in the future, the company will invest 100 billion US dollars in the field of intelligent driving, focusing on the R & D of intelligent driving technologies including generative AI and large models.