AutoBeta(AutoBeta.net)09/08 Report--

A few days ago, Great Wall Motor announced that it signed a cooperation agreement with CITIC Bank to obtain 20 billion yuan of intentional credit to develop new energy business, which is also the first strategic cooperation between Great Wall Motor and the bank.

According to the agreement, Citic Bank will provide up to 20 billion yuan of intentional credit to Great Wall Motors, on the basis of serving the automotive and parts business units of Great Wall Motors. Increase financial support for Great Wall Motor's new energy power battery, hydrogen energy, shared travel and other sectors, to provide Great Wall Motor with more efficient financial services.

According to the performance report of Great Wall Automobile, Great Wall puts forward a development strategy of paying attention to "cleanliness" in the field of new energy, which not only lays out pure electric power, but also adopts the development mode of pure electricity + hybrid + plug-in hybrid + hydrogen energy.

In terms of hydrogen energy, Great Wall Motor has earlier announced the completion of a hydrogen energy technology center, with plans to display the first fuel cell model based on its own platform in 2020, the first fuel cell fleet in 2022, and a mature hydrogen fuel cell model in 2025.

At present, Great Wall Motor has formed eight major production bases in China. Following the production bases of Baoding, Xushui and Tianjin, the Chongqing Yongchuan production base project of Great Wall Automobile was completed and put into production at the end of August 2019. Several major projects are under way in Zhangjiagang, Jiangsu, Rizhao, Shandong, Pinghu, Zhejiang and Taizhou, Jiangsu.

In the first half of 2019, Great Wall sold 493538 vehicles, up 4.67% from the same period last year, but its financial performance declined. The company's operating income in the first half of the year was 40.317 billion yuan, down 15.93% from the same period last year, while its net profit was 1.517 billion yuan, down 58.95% from the same period last year. In response to the decline in revenue and net profit, Great Wall said that during the reporting period, the company increased the product discount to benefit consumers, and continued to increase brand promotion efforts and R & D investment.

Wei Jianjun, chairman of Great Wall Motor, said, "as long as the market is there, there is a future. What future can the market talk about without it?" Therefore, we have increased marketing efforts, promotion efforts, service efforts, the more stable at this time. Now it is not a question of how much profit, but to give consumers more and better feeling and better experience. So our general direction is such a strategy. "

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