On July 22 at the 2026 China Auto Forum, Fu Bingfeng, vice-president and
secretary-general of the China Association of Automobile Manufacturers (CAAM),
said the global auto industry is undergoing deep adjustment and faces complex
external shocks from low-carbon rules and geopolitics, alongside domestic
pressures including fiercer competition, gaps in key core technologies and
structural capacity adjustment. He noted more than 500 new models launched in
1H, with many firms pursuing broad, “all‑in” product lineups that have increased
model homogeneity and led to aggressive strategic targets and widespread
operating anxiety. He urged automakers to defend bottom lines, return to
rational competition, focus on differentiated market niches, avoid short‑term
opportunism and adopt long‑term development strategies.
