On the afternoon of March 8, some deputies from the Guangdong Provincial Delegation of the 14th National People's Congress held a dialogue with media reporters. At the event, He Xiaopeng, a deputy to the National People's Congress and chairman of Xiaopeng Motors, answered questions and said that China (competition among new energy vehicle companies) may have a three-year elimination round and then a 3-5-year promotion round. "In the end, there may be less than seven (surviving car companies), and some friends are more pessimistic and say less than five." He Xiaopeng said that there were about 400 traditional car companies in China 10 years ago, but there are still about 40 now. Now every two months, a brand goes down and basically does not operate. The industry merger and integration process is very fast.