AutoBeta(AutoBeta.net)07/11 Report--

On July 11, China FAW officially announced that China first Automobile Group Co., Ltd. (hereinafter referred to as "China FAW") held a meeting and announced the decision of the members of the leading group: according to the notice of the Central Organization Department on the appointment of members of the leading group of the group, comrade Chen Bin was appointed member of the standing Committee of the Party Committee and Deputy General Manager of China first Automobile Group Co., Ltd. The appointment and removal of relevant posts shall be handled in accordance with the provisions of relevant laws.

After Chen Bin joins FAW, he will become the youngest member of the party committee of FAW. At present, the standing committee of the FAW party committee has been increased to seven, including Qiu Xiandong, Liu Yigong, Wang Guoqiang, Fang Shili, Liang Guiyou, Wu Bilei and Chen Bin, of which Qiu Xiandong is the chairman and Liu Yigong is the general manager. Liang Guidong, Wu Bilei and Chen Bin are all deputy general managers. However, as of press time, the position of Chen Bin has not yet appeared on the list of leading members of FAW.

According to the data, Chen Bin was born in October 1976 and joined the job in July 1998. He has a university degree, master's degree in engineering and senior engineer. He is currently a member of the standing Committee of the Party Committee and Deputy General Manager of China first Automobile Group Co., Ltd. Judging from his work experience, Chen Bin is a veteran of Dongfeng Automobile Group, who has worked in the group's companies for more than 20 years. Chen Bin joined Dongfeng Company after he started working in July 1998. He first worked as an intern in Dongfeng vehicle Bridge Co., Ltd.; from June 1999 to August 2006, he worked in Product Development, Technical Management of Purchasing and supply Department, and Product Design position of Product Research and Development Center in the Axle Branch of Dongfeng vehicle Bridge Co., Ltd. From August 2006 to August 2011, Dongfeng Dena vehicle and Bridge Co., Ltd. served as Deputy Director of Product Research and Development Center, Assistant Director of Shiyan Factory and Minister of Purchasing Department.

He was transferred to Deputy Secretary of the Youth League Committee of Dongfeng Motor Company from August 2011 to February 2013; Secretary of the Youth League Committee of Dongfeng Motor Company from February 2013 to June 2016; Chen Bin was transferred to Secretary of the Party Committee of Dongfeng shares in June 2016; and General Manager of Dongfeng shares in August 2018. In September 2020, Chen Bin was promoted to assistant president of Dongfeng Company, executive deputy general manager and party committee secretary of Shenlong Company. Half a month later, Shenlong Automobile Co., Ltd. held a general meeting of cadres to announce that Chen Bin succeeded Rothbo, an executive stationed by French shareholders, as general manager of DPCA.

It is worth mentioning that when Chen Bin took over DPCA, DPCA is facing a decline in sales. As a representative of French cars, DPCA sold more than 700000 vehicles for two consecutive years in 2014 and 2015, and successfully joined the first-tier joint venture brand camp, but sales have declined year after year, including 15.2%, 36.85% and 32.89% respectively from 2016 to 2018. After that, DPCA tried to save itself, but sales fell off the cliff for two consecutive years in 2019 and 2020, down 55.17% and 55.74% respectively from a year earlier, leaving sales of only 113500 and 50300. It was not until September 2021, when the Dongfeng Citroen Versailles C5X went public, that DPCA's annual sales returned to 100000. Data show that DPCA's annual sales in 2021 and 2022 were 101000 and 127000 respectively, an increase of 100.07 per cent and 30 per cent respectively over the same period last year. To some extent, the emergence of Chen Bin has indeed promoted the growth of DPCA.

In April this year, Shenlong Automobile Co., Ltd. held a cadre meeting, and Zheng Hongyi, director of the Organization Department of the party committee of Dongfeng Company, announced the decision to adjust the members of the leading group of the company. Chen Bin will no longer hold the post of party committee secretary of Shenlong Automobile Co., Ltd. Since then, Chen Bin served as assistant to the president of Dongfeng Motor Group Co., Ltd. and general manager of Shenlong Automobile Co., Ltd from April 2024 to July 2024.

Since the beginning of this year, China FAW has made many personnel adjustments. On March 15, FAW announced that Liu Yigong was appointed director, general manager and deputy secretary of the party committee of China first Automobile Group Co., Ltd.; on March 27, Zhou Zhiping, former deputy general manager and member of the standing committee of the party committee of FAW, was transferred to director, general manager and deputy secretary of the party committee of Dongfeng Automobile Group Co., Ltd.; on June 13, FAW announced that Comrade Wu Bilei had been appointed member of the standing Committee and Deputy General Manager of the Party Committee of China first Automobile Group Co., Ltd.

As a state-owned super-large automobile enterprise group, China FAW is currently All in new energy strategy, the whole side of the transformation of new energy vehicles, and accelerate the layout of new energy products. With the promotion of China FAW All in new energy strategy, according to the plan, FAW Group will achieve a total sales of 1 million vehicles by 2025, of which more than 500000 new energy vehicles will be sold; by 2030, more than 1.5 million vehicles will be sold, of which new energy vehicles will become the main body of sales.

At the beginning of this year, Qiu Xiandong said that FAW Group will sell 3.47 million vehicles this year, with an operating income of 636.03 billion yuan, of which 900000 vehicles will be sold by its own brands, and will challenge its annual sales target of one million vehicles. "Automotive Industry concern" believes that personnel changes are often accompanied by huge adjustments at the brand level. Under the background of many personnel changes during the year, whether China FAW can complete the transformation of new energy route more smoothly and help it achieve its sales target for the year is worth looking forward to.

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