On July 22, Fu Bingfeng, executive vice president and secretary general of the China Association of Automobile Manufacturers, said at the 2026 China Automobile Forum that the new problems and challenges revealed during the transformation of the automobile industry have become an era proposition that the industry urgently needs to break through in the new era. First, market competition has intensified, and industrial problems have become prominent. Currently, the room for growth in the domestic automobile market is narrowing, moving towards a new stage of stock competition. Enterprise competition must maintain the bottom line, return to rationality, and achieve high-quality and healthy development; second, there is an urgent need for further improvement of the governance system to promote healthy and sustainable development of the industry; third, there are still certain shortcomings and breakpoints in the industrial chain supply chain, including insufficient autonomous and controllable ability of underlying core technology and high external dependence on upstream key mineral resources; fourth, there are still many challenges in global development. Looking forward to the future, Fu Bingfeng said that the automobile industry should adhere to long-term principles and achieve comprehensive upgrades in fields such as technological innovation, green transformation, global development, and modernization of the governance system.

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