Core Viewpoint - The dispute over the Li Xiang i8 crash test has highlighted the chaotic competition in the automotive industry, prompting regulatory intervention to restore order and compliance [1][2][3] Group 1: Regulatory Intervention - The Ministry of Industry and Information Technology (MIIT) has conducted multiple talks with automotive companies this year, indicating a growing concern over the industry's chaotic transformation and competition [1][2] - Five notable regulatory talks have occurred this year, addressing issues such as smart driving promotion, price wars, emissions fraud allegations, supply chain payment terms, and misleading crash test results [1][2] - The regulatory measures include reviewing profit reports, establishing complaint platforms, conducting inspections, and creating a credit blacklist for non-compliant companies [3] Group 2: Industry Challenges - The Li Xiang i8 crash test incident exemplifies a broader issue of compliance gaps within the new energy vehicle sector, reflecting a lack of detailed regulations and constraints on smart driving features and competition [2][3] - The automotive industry is facing deep-rooted contradictions, primarily driven by a focus on cost reduction over compliance, contributing to low profit margins and hindering global competitiveness [2][3] - The current regulatory framework is lagging behind technological advancements, leading to a proliferation of issues stemming from the rapid, unregulated growth of the new energy vehicle sector [2][3] Group 3: Future Directions - There is a pressing need for a new standard system and enhanced regulatory measures to adapt to the changes brought by new energy vehicles, as traditional automotive regulations are insufficient [3][4] - The industry must learn from the regulatory practices of Western automotive markets to ensure that innovation does not compromise ethical standards and consumer trust [4] - A collaborative effort among companies to adhere to self-regulatory standards and foster healthy competition is essential for the high-quality development of China's new energy vehicle sector [4]