Tan Xuguang, chairman of Weichai: disorderly competition of new energy vehicles will lead to disastrous overcapacity

On April 1, at the annual performance press conference of Weichai Power Co.Ltd(000338) 2021, Tan Xuguang, chairman and CEO of Weichai group, said that in recent years, the new energy industry has been busy, swarming up, and then disorderly competition. There will be a disastrous overproduction of new energy vehicles, especially passenger cars.