日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Motoring

Great Wall Motors' boss warns of risks amid changes in industry

By Li Fusheng | China Daily | Updated: 2020-07-20 10:46
Share
Share - WeChat
Great Wall Motors demonstrates its latest autonomous driving technology at the CES Asia show in Shanghai last year.[Photo by Li Fusheng/China Daily]

Great Wall Motors is hurting and must work hard to fight its way forward, warned Wei Jianjun, chairman of China's largest SUV and pickup truck maker.

"Can we survive through the next year?" Wei pondered in a video message released last Monday, which marked the company's 30th anniversary.

Such a question is normally unexpected, especially on birthday gatherings, and the answer Wei gave was even more disturbing: "The chance is slim, in my opinion."

Wei may have been a little too pessimistic. Great Wall Motors is one of the most popular Chinese brands.

Making the most of the Chinese people's affection for SUVs, the company has grown into the country's largest SUV maker and offers models that can compete with those from international carmakers.

Great Wall Motors is widely believed to have a chance to become China's Toyota or even Volkswagen.

Wei operates with a unique sense of urgency. "The largest crisis is that you don't have any sense of crises," he said.

He said the company's achievements over the past three decades are mainly thanks to China's reform and opening-up policy. Now, both the auto industry and its customers are changing.

Because of the pandemic, Great Wall Motors delivered 395,097 vehicles in the first half of this year. Though still a remarkable figure, it was down almost 20 percent year-on-year.

Vehicle sales in China totaled 10.26 million in the first half of the year, down 16.9 percent year-on-year, according to statistics from the China Association of Automobile Manufacturers.

The association expected that sales could fall by 10-20 percent from 2019.

International carmakers are gaining in popularity, which eroded Chinese auto brands' combined market share to 36.3 percent by the first half of the year, down 3.4 percentage points from the same period last year.

Auto giants from Volkswagen and Ford are speeding up their transition from carmakers into mobility providers. Electric car startups including Tesla and Nio are also gaining ground and becoming more established.

"They are pressing ahead at different fronts and it's difficult for us to go through hard times and survive," said Wei in a letter addressed to the employees.

He said globalization may present a great new opportunity and going global may be where the company can make a breakthrough.

"A truly successful company is a global one," he said. "If we want to succeed, we have no other choice. Our fate will be decided in the next 10 years and it will definitely be a fierce battle."

He said Great Wall Motors must also finish the transition from a Chinese car producer to an international mobility provider, which will incur a number of changes in aspects including corporate organization, management reshuffling and digitalization.

Wei said the company will announce "a move" on July 20, but provided no additional details. It is widely believed to be one of the changes that will pave the way for the company's long-term development.

Analysts and the capital market are optimistic about the company's prospects, at least in the short term. Alexious Lee at investment bank Jefferies Hong Kong expected Great Wall Motors' sales to grow at least 7 percent in the second half this year and outperform the overall market, thanks to new models, flexible financing and China's antipoverty campaign.

Lee said the first quarter this year is an event-driven low. "Investors should look beyond the near-term result season for Great Wall Motor's leadership in pickup trucks, no joint venture risks, key beneficiary of rural development, and the start of the joint venture with BMW," he said.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 一级a毛片 | 色吧综合 | 97精品一区二区 | 日本欧美一级 | 精品一区久久 | 亚洲精品久久久蜜桃 | 欧美精品国产精品 | 欧美zozozo人禽交免费大片 | 午夜神器18以下不能进免费观看 | 亚洲成a人在线观看 | 婷婷丁香综合 | 久久er精品视频 | 五月久久婷婷综合片丁香花 | 亚洲国产91 | 亚洲国产成人va在线观看网址 | 99久久99| 精品国产青草久久久久福利 | 亚洲欧美中文字幕 | 久久国内精品自在自线400部o | 91亚洲免费视频 | 日本国产最新一区二区三区 | 日本一区二区视频在线 | 九九九九九九精品任你躁 | 日韩视频在线一区二区 | 成人午夜激情 | 九色福利| 亚洲精品日韩精品一区 | 欧美性xxxx交 | 91水蜜桃| 欧美在线一二三区 | 性色av一区二区三区四区 | 欧美色欧美色 | 999精品视频 | 国产精品爽爽va在线观看网站 | 午夜欧美一区二区三区在线播放 | 亚洲欧美日韩在线 | 午夜激情视频在线 | 亚洲精品在线看 | 欧美激情亚洲激情 | 欧美日韩高清一区 | 亚洲一区二区在线播放 |