[Zhao Fuquan, Dean of the Institute of Automotive Industry and Technology Strategy at Tsinghua University: The era of auto companies simply relying on going overseas to avoid domestic competition is over] October 31st, at the 2026 Global Chinese Automotive Elites Joint Annual Meeting and the "China Embraces the World" Automotive Industry International Development Forum held from October 29th to 30th, Vice President of the Global Automotive Elites Organization Zhao Fuquan, Chairman, Honorary Lifetime Chairman of FISITA, and Dean of the Institute of Automotive Industry and Technology Strategy at Tsinghua University, said that long-tail problems such as tariff barriers, geographical risks, lack of after-sales systems, and insufficient residual value management continue to be highlighted. Price wars in the Southeast Asian market have shown a trend of involution. The era of car companies simply relying on going overseas to avoid domestic competition is over. He emphasized that the core of globalization is to achieve global resource synergy, cross-regional reuse of technology platforms, and two-way backflow of regional independent profits and innovation. Automobile companies need to build a new global operating system with four-layer collaboration of strategy, capabilities, operations, and guarantees. With "new joint ventures" as the key, they need to formulate differentiated strategies based on market barriers and local basic classifications to complete the transformation from scale expansion to profitable and sustainable global operations. (Securities Times)