Wei Jianjun responded to cooperation with Jia Yueting in car manufacturing: Great Wall did not directly participate in the FF automobile project
Recently, rumors about Great Wall Motors cooperating with Faraday Future (FF) under Jia Yueting have attracted widespread attention. Wei Jianjun, chairman of Great Wall Motor, responded clearly in a public interview.Great Wall Motors did not directly participate in the FF Automobile Project, the relevant rumors are untrue. This statement quickly became a hot topic in the automotive industry and technology field.
The following are the structured data on hot topics related to FF Auto and Great Wall Motors in the past 10 days:
| time | event | Popularity index | Main discussion platform |
|---|---|---|---|
| 2023-10-20 | Jia Yueting announces FF 91 delivery plan | 85 | Weibo, Zhihu |
| 2023-10-22 | Rumors Great Wall Motors cooperates with FF | 92 | Tik Tok, Snowball |
| 2023-10-25 | Wei Jianjun clarified that he did not participate in the FF project | 95 | WeChat, today's headlines |
| 2023-10-27 | Analysis of FF stock price fluctuations | 78 | Wall Street Experience, Tiger Sniff |
Wei Jianjun's response: Clearly draw a clear line
Wei Jianjun said in an interview that Great Wall Motors is currently focusing on its own new energy vehicle strategy, including the development of its own brands such as Ora and Salon.Have not had direct contact with FF on cooperating with car manufacturing. He emphasized that Great Wall Motors' cooperation targets are usually companies with mature technology and stable markets, and FF's current situation does not meet this standard.
This response quickly calmed market speculation, but also triggered a new round of discussions about FF's future development. Whether Jia Yueting’s dream of making a car can be realized is still the focus of industry attention.
The current situation and challenges of FF
Although FF 91 has announced its delivery phase, its mass production progress and funding issues are still key factors hindering development. Here are the key recent data from FF:
| project | data | Remark |
|---|---|---|
| FF 91 bookings | About 14,000 vehicles | No actual delivery quantity disclosed |
| Latest stock price | $1.2 | 60% lower than the beginning of the year |
| Funding gap | Over $500 million | Need to solve the problem of financing |
Industry analysts' opinions
Several automotive industry analysts pointed out that if FF wants to truly achieve mass production, it must solve the following problems:
1.Fund chain stability: At present, FF still relies on financing and lacks its own hematopoietic ability;
2.supply chain management: In the context of global chip shortage, supply chain pressure is relatively high;
3.Brand trust: Jia Yueting’s personal credit issues have a profound impact on the FF brand.
Great Wall Motors' independent route
Compared with FF's dilemma, Great Wall Motors' layout in the new energy field seems to be more stable. The following are some of Great Wall Motor's performance data for the third quarter of 2023:
| index | data | Year-on-year growth |
|---|---|---|
| New energy vehicle sales | 86,000 vehicles | 45% |
| R&D investment | 3.2 billion yuan | 28% |
| Overseas market share | 18% | Increase by 5 percentage points |
Wei Jianjun said that Great Wall Motors will continue to focus in the futureHybrid, pure electric, hydrogen energyThere are three major technical routes and plans to achieve the global annual sales of 4 million vehicles by 2025.
Summary: Industry logic behind the rumors of cooperation
Although rumors of cooperation between Great Wall Motors and FF have been clarified, this incident reflects the market's expectations for resource integration of new energy vehicle companies. FF needs to prove its commercialization capabilities, while Great Wall Motors demonstrates the determination of traditional car companies to transform through independent development. In the future, industry competition will focus more on the comprehensive strength of technology, capital and supply chain.
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