Yin Tongyue: Chery Refuses to Join Low-End Price Wars

At the open media session for the Anhui delegation, Yin Tongyue, Party Secretary and Chairman of Chery Group and a deputy to the 14th National People's Congress, clearly stated that Chery will not engage in low-level price wars. He emphasized that companies should focus on technological innovation and improving product quality rather than resorting to cutthroat competition through low pricing. This stance reflects Chery’s strategic commitment to high-quality development and its drive to propel China’s automotive industry toward higher-value advancement.