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on september 12, wei jianjun, chairman of great wall motors, accepted an exclusive interview with cctv news' "china economic gravitational field". during the live broadcast, wei jianjun once again talked about issues such as involution and malicious competition among auto companies.

wei jianjun said that the current internal competition is malicious competition, and many car companies are competing below cost. he cited the phenomena of "match-fixing" and "black whistle" in the football field, questioning some car companies for not abiding by the rules. he believes that even if sales fall below the top ten, they must comply with the rules, grasp the bottom line, and do the right thing.

wei jianjun left questions for the next guest on the show. image source: screenshot of great wall motors live broadcast

wei jianjun also mentioned the issue of the authenticity of the financial statements of car companies again. he said, "i don't believe their financial statements are real at all." some car companies rely on capital to build cars. he believes that in recent years, many new energy car companies have fallen into difficulties, mainly because malicious competition is disrupting the electric vehicle market.

this is not the first time that wei jianjun has publicly questioned the authenticity of his peers’ financial statements. on august 7, wei jianjun also publicly questioned that some car companies in the industry were “cheating” and expressed his willingness to bear the audit fees to conduct financial audits for all car companies in the industry.

jiupai finance reporter shu jiakui and editor wan pei

[source: jiupai news]