Ministry of Industry and Information Technology: Intensify efforts to address the "overlapping" competition in the automobile industry.

In response to the initiative released by the China Association of Automobile Manufacturers today on "Maintaining Fair Competition Order and Promoting Healthy Development of the Industry," relevant officials from the Ministry of Industry and Information Technology stated that they will increase efforts to address the "vicious competition" in the automobile industry and resolutely maintain a fair and orderly market environment. The relevant officials from the Ministry of Industry and Information Technology stated that they agree with and support the initiative put forward by the China Association of Automobile Manufacturers, and will increase efforts to address the "vicious competition" in the automobile industry, promote the optimization and adjustment of industrial structure, strengthen random product quality checks, cooperate with relevant departments in enforcing laws against unfair competition, take necessary regulatory measures, and resolutely maintain a fair and orderly market environment to effectively protect the fundamental interests of consumers. The relevant officials from the Ministry of Industry and Information Technology also pointed out that unregulated "price wars" between companies are a typical manifestation of "vicious competition," which not only affects product quality, performance, and service levels, but also harms consumer rights, jeopardizing the industry's health and sustainable development. It can be said that in a "price war," there are no winners and no future. The Ministry of Industry and Information Technology encourages companies to reduce production costs through technological and management innovation, continuously improve product quality, enhance service quality, fulfill social responsibilities, build a good brand image, and promote high-quality development of the automobile industry.