2024 is not an easy year for both vehicle and componentcompanies.Thefierce competition,internal competition.andinternal friction among new energy vehicle companies areaccelerating, BYD has opened a new chapter in the price watfor new energy vehicies,and a group of car companies haveresponded one after another.Domestic car companies haverisen,while ioint vanture car companies have been retreatinaone after another, and mid to high end car companies havealso fallen into the vortex of price wars, The competition inthe aftermarket is not weak at all, with models such asoffering membership and recharge,and product profitsaimost approaching transparency.Companies without goodprofit models aradually show sians of fatigue and bid farewelto the industry. New energy vehicle companies such as GaoheWeima, and Jiyue that will collapse in 2024, in addition tovehicle manufacturers, there are countless 4S stores that wilalso collapse:Among them, most of the 4S stores ofBenbaoao and joint venture car brands will go bankrupt orclose down
Summary: The rapid development of China's automotive andparts industry in the past few decades has resulted in anabsolute oversuppiy in the market, Under competition, everyoneis generally experiencing downward competition, and theindustry's production capacity needs to be cleared, Enterprisesare fiercely competing for reshuffling.However, the internalcompetition in the industryis almost always downward,focusincon price and service, rather than upward breakthroughs toimprove product quality and innovation. Uitimately, this isbecause the downward competition has an immediate effect,while the upward competition competes more with the internalstrength and technological accumulation of enterprises. Thefuture internal competition will eliminate a group of enterpriseswithout technological core, innovation ability, and selfaccumulation.