Lu Fang, Chairman of Voyah Automobile, discusses the issue of involution in the new energy vehicle industry.

Lu Fang, chairman of Voyah Automobile, recently posted on his personal Weibo account, discussing the phenomenon of involution in the new energy vehicle industry. He believes that involution, while superficially a competition between companies, is actually a manifestation of insufficient innovation in the industry. Many companies choose to copy and imitate for short-term gains, rather than innovating based on user needs, resulting in a market flooded with pseudo-innovative products.