Domestic automakers are truly facing difficulties. Prices are falling, sales are plummeting, profits are declining, and stock prices are soaring. The competition is fierce, and not only are companies struggling, but the government is also being dragged down. For example, Zhang Yong's Nezha Auto, which spent 500 million yuan on its logo, has caused billions of yuan invested by multiple local governments to go down the drain. Li Auto is currently under pressure to transform into an AI-powered company, a very difficult path—but perhaps its only path to survival.