BAIC's Zhang Guofu criticizes the chaos of "involution": Low-end competition is a dead end, market competition must uphold bottom line.

On May 31, 2025, at the Future Car Pioneer Conference, Zhang Guofu, Party Secretary and Chairman of BAIC New Energy, stated that market competition should avoid low-end duplication and that breaking through the high-end is the right direction. He emphasized that car manufacturing should return to its essence and create a trustworthy future. Zhang Guofu stressed that market competition should adhere to the bottom line, not sacrifice quality, and calmly consider the industry ecosystem. As one of the members of the Hongmeng Smart Travel "Five Realms," Zhang Guofu also mentioned the cooperation between BAIC New Energy and Huawei, stating that they have always been learning from Huawei.