At the 6th World New Energy Vehicle Congress (WNEVC 2024) held in south China's Hainan Province, Qin Lihong, co-founder and president of NIO, shared his perspectives on the current state of tariffs affecting the automotive industry.
"Tariffs will not be there forever, but vehicle companies will have to live with it," Qin remarked during a panel discussion hosted by CGTN's Zhu Zhu. His comments reflect the challenges that automobile manufacturers face amid fluctuating international trade policies.
The discussion highlighted the impact of tariffs on global supply chains and the necessity for companies to adapt to an ever-changing economic landscape. Qin emphasized that while tariffs may eventually be reduced or eliminated, businesses must develop strategies to manage them effectively in the meantime.
Industry experts at the conference echoed Qin's sentiments, noting that resilience and innovation are crucial for navigating trade barriers. The consensus suggests that companies focusing on sustainable practices and technological advancement will be better positioned to thrive despite tariff challenges.
The WNEVC 2024 serves as a platform for leaders in the new energy vehicle sector to exchange ideas and explore solutions to industry-wide issues. Qin's insights contribute to a larger conversation about the future of global trade and its implications for the automotive market.
Reference(s):
cgtn.com
