Changan Automobile's New Chairman Speaks Out for the First Time After Taking Office: Going All Out to Focus on Overseas Development

"Sometimes the competitive dynamics here in China have actually reached a stage of the Matthew effect and reshuffling. Some of our peers may engage in irrational behavior, and at this final stage, their products and pricing may deviate from the rules of the market and normal, sustainable development." On the afternoon of October 16, Zhao Fei, the newly appointed chairman of Changan Automobile, said this at a media briefing. He noted that the domestic auto market has declined severely, but there are still opportunities overseas, and Changan must go all out to focus on overseas development. Changan may be stronger than some foreign peers in new energy and intelligentization, which allows Changan to maintain its advantage. Zhao Fei said Changan will adhere to its existing strategic direction and operating mechanisms, and make overseas, products, efficiency, and brand integration its four focus areas going forward. Among the four focuses, overseas ranks first. Changan needs to build a global integration and formulate a globally oriented strategy for flagship products.