GAC Group Chairman Feng Xingya: New Energy Vehicle Penetration Below 20% in County Markets, Global Expansion Becomes Critical Battleground for Automakers

On April 11, at the High-Level Forum on Intelligent and Electric Vehicle Development (2026), Feng Xingya, Party Secretary and Chairman of GAC Group, stated that surveys show the penetration rate of new energy vehicles in many county-level markets remains below 20%, indicating rapidly expanding market potential. He also emphasized that internationalization has become a critical battleground for automakers, and companies must simultaneously compete effectively in both domestic and international markets.