Anqingheng's views on the merger and reorganization of parts companies

Regarding the view of encouraging the merger and reorganization of parts companies, Mr. An Qingheng said that since a large number of parts companies are private enterprises, who will merge with whom and who will lead the reorganization is a realistic problem. He believes that it is feasible for OEMs to establish strategic partnerships, such as the merger of Honda Motor and Nissan Motor, or the merger of Peugeot Citroen and Fiat Chrysler Group into Stellantis Group. However, such mergers can only temporarily alleviate financial pressure and cannot fundamentally solve the problem.