既要“反内卷”，也要防“外卷”，国常会定调规范汽车产业竞争秩序

Core Viewpoint - The Chinese government is taking significant steps to regulate the irrational competition in the automotive industry, particularly in the context of the growing trend of "involution" and its potential spillover effects into international markets [1][2][6]. Group 1: Government Actions and Regulations - The State Council, led by Premier Li Qiang, emphasized the need to promote high-quality development in the new energy vehicle (NEV) sector while addressing irrational competition [1]. - The government is implementing strict regulations to combat "involution" in the automotive industry, including enhanced cost investigations and price monitoring [2][3]. - A new mechanism for monitoring payment terms to suppliers has been established, with 17 major car manufacturers committing to a payment period of no more than 60 days [3][4]. Group 2: Industry Performance and Challenges - The automotive industry reported revenues of 41,283 billion yuan in the first five months of 2025, a year-on-year increase of 7%, but profits fell by 11.9% to 1,781 billion yuan, indicating a profit margin of only 4.3% [2]. - The average profit per vehicle in the industry has decreased from 2.3 million yuan in 2017 to 1.4 million yuan in the first five months of 2025 [2]. Group 3: Export Growth and Internationalization - China's automotive exports reached 6.41 million units in 2024, a 23% increase from the previous year, with electric vehicle exports surpassing 2 million units for the first time [6][7]. - The automotive export value rose from 60.1 billion USD in 2022 to 117.4 billion USD in 2024, increasing its share of total Chinese exports from 1.7% to 3.3% [6]. - The industry is focusing on maintaining competitiveness abroad by avoiding the pitfalls of past experiences, such as the motorcycle industry's decline due to price wars [7][8]. Group 4: Industry Self-Regulation and Future Directions - Major automotive companies are forming "price self-discipline groups" to monitor and control pricing strategies in international markets [8]. - The industry is encouraged to respect local cultures and laws while expanding internationally, with measures in place to prevent "involution" from affecting overseas operations [8].