What major events have happened in the automobile industry at home and abroad this week? It has been revealed that Great Wall Motor will close its European headquarters and cut 100 jobs.
Great Wall Automobile recently said it will close its European headquarters in Munich, Germany, due to tariffs on Chinese electric vehicle products and the severe situation in the electric car market, the European Automotive News reported.
A spokesman for Great Wall Europe told the European Automotive News that the move will take effect on August 31, which means that 100 employees at Great Wall Motor Europe will lose their jobs by the end of August, including Steffen Cost, head of Great Wall Motor’s European operations.
It is reported that Great Wall Motor has informed employees and business partners of the move on May 28 local time.
Photo: great Wall Motor, but it should be clarified that the closure of its European headquarters does not mean that the company will withdraw from Europe.
A spokesman for the company said Great Wall would continue to sell cars in existing European markets, including Germany and the UK, but that European operations would be remotely supervised and managed by Chinese companies.
However, previous plans by the Great Wall to expand into new European markets are no longer under discussion, at least for now.
The spokesman added that the threat of higher tariffs in Europe could also accelerate early plans for Great Wall to build a plant in Europe.
Last year, Great Wall said Germany, Hungary or the Czech Republic could all be potential sites.
In addition, Great Wall is also considering exporting internal combustion engine cars to Europe, which is not expected to be affected by the tariff increase, according to it.
Gaishi comments: under the “tariff stick”, Great Wall has to make some adjustments.
Jianghuai Huawei “super factory” opened recruitment, requiring joint venture or head car company experience.
On May 30, according to the Financial Associated Press, it was learned from insiders that the Jianghuai high-end new energy vehicle base “Super Factory”, which is in charge of Jianghuai high-end new energy vehicle production and located in Feixi Zhongpai area, has started the recruitment process, in the category of M, mainly for management and expert positions.
Including stamping plant director, car body factory director, painting factory director, general assembly plant director, process and technology department minister, production logistics minister, lean production expert and so on.
Job requirements, in addition to bachelor’s degree, a number of positions require more than five years of relevant management experience in the automotive industry, joint venture or head car companies.
The fourth World of Huawei, which is known as Standard Maybach and Rolls-Royce, is getting closer and closer.
The joint venture between Geely and Renault Group was formally established.
According to Geely official news, Geely Holdings Group and Geely Automobile Holdings Limited (hereinafter collectively referred to as “Geely”) and Renault Group officially established HORSE Powertrain Limited on May 31st.
The new company is headquartered in London, England.
Photo: Geely, Geely and Renault each own 50% of the new company.
In terms of corporate structure, Matias Giannini was appointed HORSE Powertrain Limited CEO, the board of directors is composed of six directors from both shareholders, Geely holding Group CEO Li Donghui served as chairman of HORSE Powertrain Limited.
The two subsidiary business groups of the new company, Aurora Bay and Horse, will maintain their original management: Wang Ruiping will continue to serve as CEO of Aurora Bay, based in Ningbo, Hangzhou Bay, China.
and Patrice Haettel will continue to serve as Horse CEO, based in Madrid, Spain.
They will report directly to the Matias Giannini.
As of April 30, 2024, Horse and Aurora Bay will be spun off from Renault and Geely respectively.
Luca de Meo, CEO of Renault Group, said the joint venture was an important deployment to address transportation decarbonization, the biggest challenge in the automotive industry.
For the specific business of the new company, HORSE Powertrain Limited will design, develop, produce and sell hybrid and fuel powertrain components and systems, including engines, gearboxes, hybrid systems and batteries.
Geely and Renault will transfer the relevant intellectual property rights to HORSE Powertrain Limited, so that the new company can fully develop future powertrain technology to meet all kinds of market demand, especially in the areas of green methanol, ethanol and hydrogen.
According to reports, the new company’s products can cover 80% of the global market demand for hybrid and fuel-powered cars.
HORSE Powertrain Limited will serve a number of brands including Renault, Geely, Volvo, Proton, Nissan and Mitsubishi Motors.
The new company will have 17 factories around the world, 8 major customers in 130 countries and regions, 5 R & D centers, about 19000 employees, about 15 billion euros in revenue, and annual production of about 5 million sets of powertrain.
Covers all types of hybrid solutions-including long-range hybrids, fuel hybrids, internal combustion engines using alternative fuels such as ethanol, methanol, liquefied natural gas, compressed natural gas, hydrogen, etc.
There is no doubt that both sides have high expectations for the new company, which is expected to have annual revenue of about 15 billion euros.
Global comments: this “transnational marriage”, in addition to bringing “more money” to both sides, may also have a certain impact on the global automobile supply chain.
China may invest 6 billion yuan in all-solid-state battery research and development.
Recently, there are media reports that China may invest about 6 billion yuan in all-solid-state battery research and development.
Six enterprises, including Ningde Times, BYD, FAW, SAIC, Weilan New Energy and Geely, may receive basic R & D support from the government.
Several people familiar with the matter confirmed that the unprecedented project in the industry was led by relevant government ministries to encourage qualified enterprises to carry out research and development of technologies related to all-solid-state batteries.
It is reported that after strict screening, the project is finally divided into seven major projects, focusing polymers and sulfides and other different technical routes.
Global comments: government support is getting stronger and stronger, and the industrialization of all-solid-state batteries is expected to speed up.
It is rumored that the European Union will postpone the tariff decision on Chinese electric vehicles, according to foreign media reports, a person familiar with the matter told Reuters on May 29, the European Commission will postpone the decision on tariffs on Chinese electric vehicles until after the European Parliament election on June 9.
Photo: EU, October 4, 2023, EU countervailing investigation against electric vehicles in China was officially launched.
According to the law, the EU may impose temporary tariffs within nine months after the commencement of the investigation, that is, June 2024, and the final tariffs or measures may be imposed within at least four months or at most 13 months after the commencement of the investigation, that is, no later than November 2024.
Give the results.
, Earlier, it was reported that the European Commission would announce a preliminary decision on imposing temporary tariffs on imported electric vehicles from China on June 5, but the latest news shows that the new deadline will be June 10, which is the day after the results of the European Parliament election were announced.
German magazine Spiegel, which first reported the news, said the decision was postponed to prevent the issue from reaching the election stage.
However, a spokesperson for the European Commission said that a final date has not yet been set.
Gai Comments: Postponed? Countervailing investigations should be terminated as soon as possible!, Magna Steyr is negotiating with Chinese car companies to increase production in Europe.
According to foreign media reports, as Chinese car manufacturers are formulating plans to expand in Europe, Magna Steyr is negotiating with Chinese car companies, hoping that they can Produce cars in its European factories.
Photo source: Magna Steyr,”Over the past 12 months, we have seen all the Chinese automakers we have approached are very active and they want and need to localize in Europe.
” “We are discussing it now,” Magna Steyr Roland Prettner said at a media event held at his factory.
Roland Prettner said that in addition to “thinking about what role we can play,” Magna Steyr could also help them have a manufacturing base in Europe.
, “Chinese carmakers are testing with different dealers to see what their car sales are likely to be in Europe, and of course we are also discussing how to produce these cars at our Graz plant,” Prettner added that capacity constraints will not be a problem.
, Prettner also pointed out that Europe may impose tariffs on Chinese electric vehicles or change the rules of the game in the European auto market, affecting the competition of Chinese automakers in the region.
Since the European Union began threatening tariffs in September last year, BYD has announced plans to build its first European passenger car factory in Hungary, while Chery Automobile has signed a joint venture agreement with Spain’s EV Motors to produce cars at a former Nissan plant in Barcelona.
MG and Great Wall Motors, owned by SAIC Motor Group, are also keen to launch competitively priced pure electric vehicles in Europe.
In addition to having an OEM factory in Europe, Magna Steyr also produces vehicles for BAIC Group through a joint venture in China.
Both parties have a factory in Zhenjiang with an annual production capacity of 180,000 vehicles.
The factory produces Jihu series electric vehicles.
Gaishi Comment: Magna Steyr may really be able to help Chinese car companies go to sea.
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