CATL Chairman Zeng Yuqun: The electric vehicle business of European and American car companies is only temporarily delayed and has not stopped

According to news on March 10, in a recent interview, Zeng Yuqun, chairman of CATL, expressed his views on the topic of many European and American car companies cutting or delaying their electrification plans. He believes that these car companies have no plans to return to the fuel vehicle market, nor have they completely stopped the research and development and production of electric vehicles. They just choose to delay the progress slightly because the current electric vehicle business may not be profitable for the time being.

Zeng Yuqun affirmed that when asked whether European and American car companies would restart their electric vehicle business, he pointed out that these car companies have been engaged in R&D and production of electric vehicles and have never stopped.

At the same time, Zhu Huarong, Party Secretary and Chairman of Changan Automobile, also talked about the slowdown in electrification of European and American car companies in an interview with Science and Technology Daily. He believes that for Chinese car companies, the slowdown in the electrification process of European and American car giants brings more opportunities than challenges. He explained that European and American car companies are facing cost and other challenges in the development of new energy vehicles, and the Chinese auto industry already has its own solutions. If necessary, Chinese car companies can even export technology and parts, which also brings new development opportunities to Chinese car companies.

It is understood that there were previous reports claiming that BMW would no longer conduct research and development of internal combustion engines, but BMW's R&D chief Frank Weber refuted this, calling this statement "baseless." He emphasized that BMW has no plans to stop the research and development of fuel engines. On the contrary, fuel engine technology still has a lot of room for development. Weber said that BMW has always been committed to promoting the advancement of fuel engine technology and is continuously investing resources and energy in related research and development. He believes that fuel engines are still an important part of the automotive industry and have lasting market demand and development potential. In addition, Wei

Mercedes-Benz recently announced an important decision, abandoning their original plan to "achieve all electrification by 2030". Instead, they said they will continue to produce fuel vehicles to meet the needs of different customers. This decision highlights that under current market conditions, traditional fuel vehicles still have certain market competitiveness, although electric vehicles are considered to be the development trend of the future automobile industry. This shows that automakers need to find a balance between meeting market demand and promoting sustainable development. This move also reflects the challenges and practical considerations of the automotive industry in transitioning to electric vehicles.

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