Under China's subsidy policy for NEVs, China's NEV market rapidly rose, leading to fierce competition. Wei Jianjun, Chairman of GWMOTOR (02333.HK) +0.220 (+1.789%) Short selling $28.98M; Ratio 15.354% , said in an interview with Chinese media that the “Evergrande” of the auto industry has already emerged, but it it has not exploded yet. Related NewsUOB Kay Hian: CN Strict Crackdown on Predatory Pricing, Supplier Exploitation, Inventory Fraud Benefits LT Development of Auto SectorWei frankly hoped that the healthy development of EVs should not be overly hijacked by capital, because any business needs to be profitable, money-making, blood-forming and continuously invested in order to be developed. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-09 12:25.)