Zeng Qinghong of GAC Group emphasized at the Chongqing Forum: Embrace long-termism

Zeng Qinghong, Chairman of GAC Group, said that GAC Group supports and actively participates in market competition, but stressed that competition should be rational and bottom line. He mentioned that by 2030, the market share of hybrid vehicles is expected to reach 40%, pure electric vehicles 30%, and fuel vehicles 30%. At present, the sales of pure electric vehicles in my country account for 22% of the total sales, and it will take time to reach 50%. Zeng Qinghong called on the government to study the issue of equal rights for oil and electricity when the sales of pure electric vehicles reach 50%, and balance the development of new energy and fuel vehicles.