Auto already knew that Liu Yongjie took over the purchasing department of Xpeng Motors, and Chen Yudong, president of Bosch China, will retire in January next year

1. Xpeng Motors (HK9868, stock price: HK$53.650, market capitalization: HK$92.98 billion):After Li Feng, vice president and head of the purchasing department of Xpeng Motors, was suspended for investigation, the procurement department of Xpeng Motors is currently taken over by Liu Yongjie. Liu Yongjie is currently the director of supply chain management of Xpeng Motors, reporting to He Xiaopeng, CEO of Xpeng Motors. A few days ago, Xpeng Motors reported at an internal meeting that Li Feng was suspended, and many employees were named to cooperate with the investigation. Xpeng Motors responded that this is a normal anti-corruption and clean government behavior, and it will not tolerate the discovery and correction of corruption together, and the incident involves a small area and does not affect the business and production links.

Comments:This adjustment within Xpeng Motors shows the company's serious attitude towards discipline issues, which is essential for building a healthy and clean company culture, optimizing internal management, and ensuring the healthy and stable development of the enterprise. At the same time, timely personnel adjustment also ensures the normal progress of the company's business.

2. Bosch:On October 20, Bosch China announced a management and restructuring plan, and the current President of China Chen Yudong will retire on January 1, 2024, and the current Executive Vice President Xu Daquan will succeed him as President of China. At the same time, Bosch Group's Automotive and Intelligent Transportation Technology Business will be renamed Bosch Intelligent Transportation Business, and Bosch China will form a board of directors of Bosch Intelligent Transportation China, with Wang Weiliang as president of the board of directors of the business China, reporting to Xu Daquan.

Comments:This adjustment of Bosch China shows its plan for the succession of leaders to ensure the stable and orderly operation of the company. At the same time, the renaming of the Automotive and Intelligent Transportation business and the establishment of a new board of directors reflect Bosch's emphasis on the intelligent transportation business, indicating that it may be further developed and expanded in this field in the future.

3. Dongfeng Motor:Recently, Dongfeng Motor Co., Ltd. filed a recall plan with the State Administration for Market Regulation. Some Dongfeng Nissan brand Aria electric vehicles will be recalled, totaling 2,958 vehicles. It is reported that the vehicles covered by this recall have potential safety hazards due to unreasonable inverter software settings. Dongfeng Motor Co., Ltd. will upgrade the inverter software for vehicles covered by the recall free of charge.

Comments:Dongfeng Motor actively responded and took measures to solve product safety issues, showing its responsible attitude towards consumers. Although recalls may have a short-term impact on brand image, respect for consumer safety and prompt problem resolution will help companies win consumer trust and recognition in the long run.

4. China FAW:On October 22, Jilin Unicom and the Digital Department of FAW System signed a framework agreement on deepening strategic cooperation at the headquarters of FAW Group, according to China Unicom's official blog. The two sides will carry out comprehensive cooperation in the fields of digital system construction, digital product incubation, innovative business and comprehensive information services such as cloud, big data, things, intelligence and security.

Comments:Jilin Unicom and FAW China have reached a strategic cooperation, further demonstrating the digital transformation trend of the industry. This cross-industry cooperation will not only promote their respective innovation and development, but also seize the opportunities of new technologies such as 5G and cloud computing and adapt to the future intelligent life process.

5. FAW Jiefang (SZ000800, stock price: 8.71 yuan, market value: 40.39 billion yuan):On October 21, according to the official public account of "FAW Jiefang", FAW Jiefang and Shell released the "Starship China" concept truck jointly built by the two parties, officially called "a pioneer concept truck specially built for China's road transport industry", which can maximize low-carbon emission reduction while improving transportation efficiency.

Comments:FAW Jiefang and Shell jointly launched the "Star Domain" concept truck, demonstrating the technical foresight of the future road transport industry. This innovative vehicle design not only focuses on improving transportation efficiency, but also emphasizes environmental protection and sustainability, reflecting the company's positive response and contribution to environmental protection and carbon neutrality.

6. Great Wall Motor (SH601633, stock price: 29.31 yuan, market value: 249.03 billion yuan):According to Great Wall Motor, recently, the brand's Haval H6 and other models held a launch conference in Tashkent, the capital of Uzbekistan, marking Great Wall Motor's official entry into the Uzbek market. In July this year, Great Wall Motor signed a contract with a local leading automobile group in Uzbekistan to achieve local production of Haval brand products at the Jizzakh automobile plant in Uzbekistan, with a planned annual production capacity of 35,000 units. Aleksey, chief operating officer of Uzbekistan Haval, announced that it will quickly produce Haval brand models at the Uzbekistan Jizzakh plant.

Comments:Great Wall Motor officially entered the Uzbekistan market, showing its deepening layout in the global automotive market. Through localized production and cooperation, Great Wall Motor will greatly enhance the competitiveness of its products in the local market, which is particularly important for its overseas market expansion strategy, and it is worth looking forward to its future performance.

7. Rolls-Royce:Recently, BMW (China) Automotive Trading Co., Ltd. filed a recall plan with the State Administration for Market Regulation. From November 1, 2023, a total of 1,410 Rolls-Royce Gust vehicles manufactured between October 3, 2019 and December 8, 2022 are recalled. Due to the configuration of some vehicles covered by this recall, the single-layer tempered glass of the instrument panel may break and form glass particles under specific high-speed side collision conditions, resulting in the risk of injury to the people in the vehicle and potential safety hazards.

Comments:Although it may affect the brand image in the short term, in the long run, such a move will help increase consumer trust in the manufacturer and strengthen brand loyalty.

Cover image source: Photo by Sun Lei, reporter (data map)