On 20th February 2021 in Geely’s Headquarters in Hangzhou, Eric shared his insights about the current economic and industrial situation facing the auto industry. As a visionary pioneer of the Chinese and global automotive industry, he spoke openly his philosophies and his belief that Geely should be considered an even more important global player from now on.
Working together is key for the improvement of life for all.
World peace and stability work like a suspension bridge. Multiple forces interact with each other, pushing and pulling against each other to form a balance. Everyone is looking to maintain a strategic balance with each other and do their best to maintain world peace and stability. This balance of forces is the basis for world peace and long-term stability that will allow human society to continue developing. However, this balance is precarious and when the world loses its balance, the “bridge of peace” and stability may collapse at a moment’s notice.
Compared to 40 years ago, the world peace index today has fallen dramatically. While peace and stability are facing challenges with various conflicts flaring up in areas such as trade, technology, human capital and finance, the conditions for a full-scale global war have not yet been reached. Despite all this, peace and stability remain the common desire for everyone in the world.
China’s economic development and global economic development are interdependent of each other. But, everyone can win.
Since the reform and opening up of China’s economy, the country has achieved record-breaking development with GDP per capita rising rapidly over just a few decades. The changes in China are not only reflected in economic data but also in other areas such as high-speed rail, highways, communication infrastructure, education and technology. The changes China has experienced have changed the global strategic balance and the global economic structure in just 40 years. The speed at which this change has taken place – in just a single generation – has been a surprise for many.
The changes China has experienced have changed the global strategic balance and the global economic structure in just 40 years.
The export-oriented economy is facing unprecedented challenges and China’s current economic model cannot be sustained. In order for China to continue growing, the domestic economy must be expanded as well as the development of economies in other countries. Companies must globalize production and expand in different markets. The expansion of the domestic economy and global expansion of companies will form a new development pattern that will directly increase global economic activity, reduce the escalation of trade frictions between countries, and promote the economic recovery of developed countries. As a result, China and the world will become more interdependent – which is conducive to world peace and stability.
These are exciting times – anything you believe in can be achieved.
The unrestrained development of scientific and technological progress along with cross-industry integration has opened the door to unlimited new business opportunities. Today, we’re facing a new era of technology that has opened the door to limitless potential and broken down the boundaries between industries. We’re in a magical era full of dreams, waiting for people to make them into reality.
In this era of scientific and technological progression and cross-industry integration, the traditional ways of doing things and single-minded thinking are no longer suitable for the sustainable development of enterprises. We must have the courage to temper ourselves and transcend. We must continuously pursue the advancement of science and technology and break the boundaries between industries.
Today, we’re facing a new era of technology that has opened the door to limitless potential and broken down the boundaries between industries.
Where there is a fall, there is a rise; where there is failure, there is success; where there are challenges, there are opportunities. For the automotive industry today, there are many questions to be asked: how do we determine the right direction in which to move? How do we form the correct transformation strategy? How do we compete in such a fierce market? How can we continuously increase our market share? How should we develop the right technologies? Geely has a number of projects which are advancing at full speed, laying the groundwork for our future development. As long as their implementation is fulfilled, they will produce a strong synergy on which to develop the group’s future.