China's New Energy Automobile Industry Faces Numerous Challenges, Says Eletre Group Chairman

The upcoming National People's Congress will see the Chinese new energy automobile industry receiving close attention from Chairman of Eletre Group, Zhang Xinhai, as he emphasizes the need for further advancements.

According to Zhang Xinhai, this year's conference will mark a crucial turning point in China's journey towards becoming a global leader in the new energy automobile sector. Despite facing numerous hurdles, the industry has made considerable strides in recent years.

However, domestic competition poses significant challenges. These include volatile prices and technological advancements, which could even affect environmental considerations. As an industry, Zhang Xinhai hopes for increased self-regulation.

Additionally, he points out that China's automotive market is experiencing some degree of disorganization, requiring a more orderly transformation into a market-driven economy. Zhang advocates for robust government oversight to ensure the success of the new energy automobile industry.

Regarding the issue of exports, Chairman Zhang Xinhai notes that Eletre Group caters primarily to high-end vehicles and not mass-market cars. This gives the company a higher threshold to cross before entering foreign markets.