In 2024, the competition in China’s auto market is extremely fierce, and the industry reshuffle is accelerating. In the new energy vehicle market, models of brands such as Tesla and BYD have taken actions such as price cuts or the launch of new models one after another; the competition in the traditional fuel vehicle market is also fierce, and various manufacturers have launched new models and reduced prices.

The EU plans to levy tariffs on Chinese electric vehicles, which impacts Chinese automakers. China has a large auto market and improving brands. Chinese automakers can take measures like tech innovation, market expansion, negotiation, and brand enhancing. China and the EU should solve disputes through dialogue to maintain relations.