China To Automakers: "Make EVs, Or Die."

[GS Zhou]

This appears to he the rational choice unless China wants to see half of its domestic market is dominated by foreign multinationals. If this plan is successful, we will see the DJI experience will repeat itself in China's auto sector.

In fact, share of the Chinese cars in the domestic market is just around 40%. So "half of the market dominated by foreign multinationals" is still a future target that needs lots of efforts from us.

But good news is, share of the Chinese cars is increasing steadily. While all rest foreign brands, be it German, American, Korean, French, or Japanese, are ALL LOSING SHARE. That's very bright signal to our manufacturing arm, very much aligned with the trends that we observed from other industrial areas!