AutoBeta(AutoBeta.net)08/16 Report--

On August 16, Chongqing Changan Automobile Co., Ltd. (hereinafter referred to as "Changan Automobile") issued a notice on the change of senior management. The content of the announcement shows that Mr. Chen Wei, Executive Vice President and General legal Counsel of Changan Automobile, will no longer hold the post of Executive Vice President and General legal Counsel due to job changes, and will no longer hold any position in the company.

Chen Wei is currently president and deputy secretary of the party committee of China Changan Automobile Group Co., Ltd. Half a month ago, on July 31, China Changan Automobile Group Co., Ltd. (hereinafter referred to as "China Changan") announced the decision of the main leaders to adjust: comrade Chen Wei was appointed president and deputy secretary of the party committee of China Changan Automobile Group Co., Ltd. The appointment and removal of relevant posts shall be handled in accordance with the provisions of relevant laws and articles of association.

Chen Wei is a veteran of Changan Automobile. Data show that Chen Wei was born in 1972, now 52 years old, graduated from a bachelor's degree, but did not disclose the specific colleges and universities. Once served as deputy factory director, factory director and party committee secretary of Changan Automobile Factory; Vice President of personnel and Secretary of discipline Inspection Commission of Changan Ford Co., Ltd.; Minister of Changan Automobile Manufacturing Logistics Department, Party Branch Secretary, OTD Project Director of the company; General Manager and Party Committee Secretary of Beijing Changan Automobile Company; Party Committee Secretary of Changan Suzuki.

In September 2018, Chen Weisheng was appointed vice president of Changan Automobile. At that time, Changan Automobile issued an announcement. Nominated by Zhu Huarong, president of Changan Automobile Company, the board of directors proposed to appoint Ye Pei, Chen Wei, Li Mingcai and Zhao Fei as vice presidents of the company.

According to the latest announcement, so far, Chen Wei holds 353080 A-share shares of the company, and his shares will be managed in strict accordance with the relevant regulations. In addition, according to the 2023 performance report released by Changan Automobile, a total of nine management staff, including Chairman Zhu Huarong and President Wang Jun, received more than 2 million yuan in 2023, of which Chairman Zhu Huarong and President Wang Jun were both 2.63 million yuan, while seven management staff were paid more than 1 million yuan.

Among them, Chen Wei's salary was 1.98 million yuan, which was lower than that of Ye Pei and Li Mingcai, who were promoted together, with salaries of 2.22 million yuan and 2.13 million yuan respectively, while the salaries of Yang Dayong and Peng Tao's executive vice presidents also reached 2.11 million yuan and 2.1 million yuan respectively. In other words, Chen Wei's salary in 2023 was the only one of the five executive vice presidents who did not exceed 2 million, and his salary also declined. For comparison, Chen Wei's salary was 2.125 million yuan in 2022.

Data show that Chongqing Changan Automobile Co., Ltd., founded in 1996, is the core vehicle enterprise of China Changan Automobile Group Co., Ltd., and it is also a well-known domestic vehicle manufacturing enterprise. it has brands such as Changan Qiyuan, Deep Blue, Avita, Changan Gravity, Changan Kaicheng, Changan Ford, Changan Mazda, Jiangling and so on.

According to the latest financial data, Changan Automobile sold a total of 1.5047 million vehicles from January to July 2024, an increase of 5.71% over the same period last year. Among them, the cumulative sales of independent passenger cars were 919100, up 1.77% from the same period last year, and the cumulative sales of new energy of independent brands were 344500, up 59.80% from the same period last year. In terms of joint venture brands, Changan Ford increased 7.84% to 128400 vehicles compared with the same period last year, and Changan Mazda increased 3.71% to 108700 vehicles. Overall, the contribution of joint venture brands to Changan Automobile is far less than it used to be, and Changan Automobile still has to rely on its own brands and new energy vehicles to achieve rapid sales growth.

At present, the new energy brands operated by Changan Automobile have formed the layout of three major electric brands: deep Blue Automobile, Avita and Changan Qiyuan, among which Deep Blue Automobile focuses on incremental models, Avita focuses on high-end pure electricity market, and Qiyuan brand focuses on digital intelligence. in the future, new energy vehicles will continue to be the main driving force for the growth of Changan Automobile. It should be noted that the current auto market is shrouded in anxiety and "roll" atmosphere, while the two major brands including Deep Blue Automobile and Avita are still in the early stage of development, in this context, Changan Automobile also faces many challenges.

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