[Wang Chuanfu: the auto industry has entered the knockout stage and the probability of survival of simple assembly is very small] Xinhua News Agency, June 8, BYD held the 2022 annual general meeting of shareholders on June 8. Wang Chuanfu, chairman of BYD, said at the meeting that the auto industry has entered the knockout stage. First of all, the enterprise must have the core technology, and the enterprise with the core technology can survive. If it is simply assembled, the probability of survival is very small. In order to have a good strategic direction, the window of opportunity in the industry is only 3-5 years, and the choice of vehicle model and technical route is very important. In addition, in order to have a rapid decision-making mechanism, automobile enterprises often have a large volume and a long decision-making mechanism, and the new energy vehicle market is like a battlefield. In the later stage of the revolution, some car companies will collapse, which requires quick decision-making.