Even in a car market as EV-crazy as China’s, some auto executives aren’t completely convinced by electrification.
Gui Shengyue, CEO of Geely Automobile Holdings, one of China’s largest automakers, believes that internal combustion engine (ICE) cars are going to be a key part of the company’s business. “As a carmaker, you will lose a profit growth engine if you do not make petrol cars,” Gui told the South China Morning Post in an interview published Wednesday, noting that EVs “do not entirely reflect” the car market.
