‘We promise to compete based on technology, quality, brand, service and corporate ethics,’ Geely Auto CEO says
Involution refers to fierce competition that drives down prices and undermines sustainable growth. In some cases, manufacturers sell products below cost just to keep rivals at bay.
“We promise to compete in the market based on technology, quality, brand, service and corporate ethics,” Gan said. “Our priority will be doing things that are truly valuable to the customers, the industry and society.”
Source: News - South China Morning Post
