On April 27, Great Wall Motor announced on the evening of April 25 that the media reported that the company was affected by the shortage of chip supply. , affecting many popular models including Haval H6, Great Wall Cannon, Tank 300, etc. After verification, the above news report is not true. The company’s two major production bases in Chongqing and Xushui have no plans to suspend production. Great Wall Motors is currently facing a tight supply of chips, and factory production has been affected to a certain extent, but they have not stopped production.
Relevant personnel said that the impact is relatively controllable. Regarding whether to conduct independent research and development of chips in the future to avoid the passive situation caused by the price increase or production stoppage of foundries, Great Wall Motor said that the cost of independent research and development is relatively large, and there is no more in this regard. plan.
In response to the tight supply in the chip market, Great Wall Motor said that it is actively taking various measures to actively respond, including actively purchasing chips on a global scale and strengthening supply chain management to alleviate the impact of tight chip supply.
Affected by the shortage of chips, many car companies have announced to suspend the production of some factories one after another, and signs that Great Wall Motors are constrained by the shortage of chips have also appeared.
According to the data, the total production capacity of the two major production bases affected by Great Wall Motors due to the shortage of chips is as high as one million vehicles. Among them, the Chongqing Yongchuan production base mainly produces pickup trucks and SUVs and other non-loading vehicles, with an annual production capacity of 160,000 vehicles; the Xushui production base mainly produces Haval H6 Coupe, Haval H8, Haval H9, WEY VV5 and other models, with a planned annual production capacity of 100 10,000 vehicles.
Great Wall Motor stated in the 2021 first quarter results conference call, “Affected by the supply of chips, the sales of tanks in the first quarter of this year were 14,000 units, which was lower than expected. Since the gross profit margin depends on the price level of chips and raw materials, the cost of tanks in the second quarter is conservatively estimated per vehicle. It will increase by 1000~2000 yuan.”
On April 27, Great Wall Motor announced on the evening of April 25 that the media reported that the company was affected by the shortage of chip supply. , affecting many popular models including Haval H6, Great Wall Cannon, Tank 300, etc. After verification, the above news report is not true. The company’s two major production bases in Chongqing and Xushui have no plans to suspend production. Great Wall Motors is currently facing a tight supply of chips, and factory production has been affected to a certain extent, but they have not stopped production.
Relevant personnel said that the impact is relatively controllable. Regarding whether to conduct independent research and development of chips in the future to avoid the passive situation caused by the price increase or production stoppage of foundries, Great Wall Motor said that the cost of independent research and development is relatively large, and there is no more in this regard. plan.
In response to the tight supply in the chip market, Great Wall Motor said that it is actively taking various measures to actively respond, including actively purchasing chips on a global scale and strengthening supply chain management to alleviate the impact of tight chip supply.
Affected by the shortage of chips, many car companies have announced to suspend the production of some factories one after another, and signs that Great Wall Motors are constrained by the shortage of chips have also appeared.
According to the data, the total production capacity of the two major production bases affected by Great Wall Motors due to the shortage of chips is as high as one million vehicles. Among them, the Chongqing Yongchuan production base mainly produces pickup trucks and SUVs and other non-loading vehicles, with an annual production capacity of 160,000 vehicles; the Xushui production base mainly produces Haval H6 Coupe, Haval H8, Haval H9, WEY VV5 and other models, with a planned annual production capacity of 100 10,000 vehicles.
Great Wall Motor stated in the 2021 first quarter results conference call, “Affected by the supply of chips, the sales of tanks in the first quarter of this year were 14,000 units, which was lower than expected. Since the gross profit margin depends on the price level of chips and raw materials, the cost of tanks in the second quarter is conservatively estimated per vehicle. It will increase by 1000~2000 yuan.”
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