At the May 29, 2026 Future Auto Pioneers Conference, Avita Technology chairman Wang Hui said the Chinese auto industry's health is under strain this year, warning sales without profit are fake sales and scale gained through price wars is false prospe

2026-05-29

At the May 29, 2026 Future Auto Pioneers Conference, Avita Technology chairman Wang Hui said the Chinese auto industry's health is under strain this year, warning sales without profit are fake sales and scale gained through price wars is false prosperity. He added many strong products have yet to enter consumers' consideration sets, a significant waste for companies and the sector.