Enovate CEO says automobile industry is bottoming out

On April 18th evening, Enovate’s CEO Zhang Hailiang told in CCTV financial program Dialogue, China Auto industry has been growing up over 20 years, and China’s new energy vehicle industry also experienced 10 years’ High speed growth, and the industry has indeed reached a period of need adjustment and reflection.

On April 18th evening, Enovate’s CEO Zhang Hailiang told in CCTV financial program Dialogue, China Auto industry has been growing up over 20 years, and China’s new energy vehicle industry also experienced 10 years’ High speed growth, and the industry has indeed reached a period of need adjustment and reflection.

According to Zhang, there have been significant changes in car manufacturers in recent five years or even nearly 10 years ago. The cost of electronic parts, software and internet use have increased dramatically. Intelligent driving and car networking R&D staff currently account for more than 1/3 of the total personel, which will soon reach 1/2.

He thinks that now is automobile industry a window period for bottoming out and everyone should be confident that after this year the future will become brighter.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/04/21/enovate-ceo-says-automobile-industry-is-bottoming-out/.

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