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wei jianjun, chairman of great wall motors: there is malicious competition in the industry, and we are not afraid of falling out of the top ten

2024-09-12

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it home reported on september 12 that this afternoon, wei jianjun, chairman of great wall motors, responded to a series of questions regarding market competition, automobile sales, etc. in a live broadcast of cctv's "china economic gravitational field".

when discussing the topic of "how do you view the fact that great wall's sales volume is far behind its competitors?", wei jianjun said,even if you "fall out of the top ten", you must take the right path, to develop healthily, comply with regulations, have a bottom line and long-term thinking. "all enterprises should not serve capital, nor make money from capital, but create value for society."

wei jianjun admitted that the current development of the automobile industry is "a bit chaotic" and cannot be done.malicious, fraudulent, or deceptive"they even take shortcuts by falsifying information and use unfair means to compete and deceive consumers."

when talking about the fact that great wall motors' profits are "far less than toyota's", wei jianjun said that this situation is not because the automobile industry is bad or electric vehicles are bad, but because of the internalinvolution and malicious competition"consumers are willing to spend a small budget to buy cars, but is it really sustainable? there are more than 20 brands, what is the reference value of second-hand cars? it has caused a lot of sequelae."

according to a previous report by it home, great wall motors' sales in august were 94,461 units, a decrease of 17.21% from the same period last year.

the performance of each brand is as follows:

haval brand sales were 56,166 units, down 15.57% year-on-year;

wey brand sales were 3,001 units, down 46.58% year-on-year;

great wall pickup sales were 13,718 units, down 19.50% year-on-year;

the sales volume of the ora brand was 5,151 units, a year-on-year decrease of 49.53%;

tank brand sales volume was 16,350 units, an increase of 11.42% year-on-year.