At Li Auto's Autumn Strategy Meeting, Wang Xing Suggested Using Cost Reduction and Efficiency Improvement to Cope with Long-term Industry Involution
Before the National Day holiday, Li Auto held its autumn strategy meeting. Wang Xing, founder of Meituan and a director of Li Auto, suggested that involution in the automotive industry might last for three to five years, and advised making cost reduction and efficiency improvement the core strategy to prepare for a long-term response.