The news these few days is BYD the next Evergrande?

Wei Jianjun, Chairman of GWMOTOR    , said in an interview with Chinese media that the “Evergrande” of the auto industry has already emerged, but it it has not exploded yet.

He also accused carmakers of cutting corners on safety and reliability.

“Some products have been reduced from 220,000 yuan to 120,000 yuan in the past few years. What kind of industrial products can be reduced by 100,000 yuan and still have quality assurance? Well, this is absolutely impossible,” he said without naming any companies