Fosun International joint CEO Chen Qiyu stated at the Star of Future Chinese Enterprise annual meeting that there is a misunderstanding regarding the development of the auto industry, with some people believing that it is a competition between new and traditional energy, but in his view, the competition in the auto industry is between autonomous and manual driving. He said that Tesla, a representative of autonomous driving, has achieved a market cap of nearly 700 billion US dollars from inception to today. Regarding the decline in Tesla's market cap in the past year, he noted that this is due to the rise of China's new energy autos, which has resulted in very fierce and brutal competition. (Ruijian Economy)