Great Wall Motors Chairman Wei Jianjun on Auto Industry and Cooperation

TapTechNews October 9th news, Deng Qingxu, the CEO of Sina Finance, released the preview video of the second season of the dialogue with Wei Jianjun, the chairman of Great Wall Motors, yesterday morning. Wei Jianjun also talked about his views on the automotive industry this time.

Wei Jianjun bluntly said that the malicious competition in the current automotive industry is basically devastating to the industry. In the past 10 years, 24 domestic automotive brands have fallen, If the company is gone, just think about how much harm it will do to consumers?

In another preview video, Wei Jianjun talked about the upcoming second model of Xiaomi (TapTechNews note: which is also its first SUV). He said that the operating condition of Xiaomi's upcoming SUV may be better than that of the sedan. When talking about Chery, Wei Jianjun said that it is at least really profitable. He also lamented the silent atmosphere in the industry and said that he was worried about it, Now I'm almost becoming a young radical.

Wei Jianjun once mentioned in the first dialogue with Deng Qingxu that the future development of the Chinese automotive industry is not to do everything, but must be global resource complementarity.

Wei Jianjun said that when BMW cooperates with Great Wall Motors, the other party needs the low cost and speed in engineering of Great Wall Motors, and Great Wall Motors will also provide parts to the other party; and what Great Wall Motors needs is to learn from it (BMW). We are now a little bit cocky, everything is fine, but actually I think the gap is very big. Even if we have come to this day, we still have to learn from established automotive manufacturers.

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Great Wall Motors Chairman Wei Jianjun: The automotive industry is now 'a little bit cocky' and still has to learn from established manufacturers.