"Price wars and subsidy policies will have a certain overdraft effect, so I determine that price wars will not stop in the market next year, and will likely become more intense. In such a situation, it would be very dangerous for a company to lose its basic health. An automobile company needs a 15% gross margin to survive basically. If the gross margin of a car company is lower than this level, it means selling one car at a loss for each one sold, and it may not survive." Recently, Vice President of Chongqing Changan Automobile and CEO of Deep Blue Autos, Deng Chenghao, told reporters. (Financial First)