On September 15, Zhang Yongwei, chairman of Che Baihui Research Institute, said at the press conference of the Smart Electric Vehicle Development High-Level Forum that the current value chain of the automobile industry has changed, and companies need to think beyond the traditional framework to think about business models, rely on innovation to drive demand, and get out of a low profit model. Car companies that rely on scale to win are the most vulnerable to market fluctuations. When the market expands rapidly, this model benefits first, but when the market fluctuates, this model is also vulnerable to shocks. Therefore, upstream and downstream enterprises in the automobile industry chain are encouraged to focus on high-value, high-profit links, and shift from competition with a single product and scale advantage to improving their own technology, quality, operation and globalization capabilities. During the “15th Five-Year Plan” period, automobile companies should accelerate exploration of new models of development and seize breakthroughs in transformation.

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