Huawei Yu Chengdong says the main players of Chinese car companies may be less than 5 in 2030.

[Huawei Yu Chengdong said that there will be less than 5 major players of Chinese car companies in 2030]. Yu Chengdong, Huawei's smart car solution, said at the 2023 China Automobile Chongqing Forum that new energy vehicles will account for nearly 100% of new car sales in 2030. At the same time, under the competition, there will be fewer and fewer automobile companies, and perhaps the number of major players in the Chinese market will be less than 5. In addition, he believes that L4 autopilot can be achieved by 2030. Huawei will strive to move towards L3 self-driving commercially by 2025. (shell Finance)