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Wanda entered the "car bureau" and sold Hongqi cars

Wanda entered the "car bureau" and sold Hongqi cars

Wanda, which tried to storm the Hong Kong Stock Exchange, "went out of the loop" in the automotive field.

On March 1, according to the data of Tianyancha, Shenyang Wanda Automobile Technology Service Co., Ltd., Guiyang Wanda Automobile Technology Service Co., Ltd., Changchun Wanda Automobile Technology Service Co., Ltd., Yinchuan Wanda Automobile Technology Co., Ltd., and Tianjin Wanda Automobile Technology Co., Ltd. were established from February 22 to 25.

The registered capital of these companies is 5 million yuan, and the legal representatives are zeng Maojun. According to the equity penetration chart, these five companies are all 100% owned by Wanda Automotive Technology Service Co., Ltd. (hereinafter referred to as "Wanda Automobile"), and their business scope involves the sale of complete vehicles, charging piles, batteries and other parts.

The business scope of Wanda Automobile, which was established on November 22, 2021, is roughly the same. According to public information, Wanda Automobile has two shareholders, of which Dalian Wanda holds 65% of the shares and Taiqing (Beijing) Technology Co., Ltd. (hereinafter referred to as "Taiqing Technology") holds 35% of the shares.

The "International Finance News" reporter noted that the company's second largest shareholder, Taiqing Technology, belongs to the Taiyue Group, which is a dealer of Hongqi.

It can be seen that Wanji has strengthened his determination to enter the automotive field. However, unlike Evergrande and Baoneng, which have made cars in a big way, Wanda is more inclined to cut into the new track as a car seller.

In fact, this new trend is not without a trace.

As early as July 2021, Taiyue Group, FAW Hongqi and Wanda Group held strategic cooperation talks in Beijing, and the three parties initially reached a cooperation intention. On August 20, Wanda Group and China FAW signed a strategic cooperation agreement in Changchun.

In October of the same year, Wanda officially announced its cooperation with China FAW, which will build a Hongqi supermarket experience store relying on Wanda's commercial plazas and other business segments. At the signing ceremony of this strategic cooperation, Chairman Wang Jianlin said that he would personally take the lead, and all senior executives above the vice president of Wanda would transfer to Hongqi Automobile.

At that time, for this action, Wanda said, "Not counting entering the automotive field, it is a cooperation." This cooperation has been further upgraded recently.

In January this year, the wanda hongqi automobile flagship store of the first new energy vehicle service ecology opened for business in Beijing Fengke Wanda Plaza.

At that time, Wanda publicly stated that wanda plaza's sales of new energy vehicles are not simple car sales, but around the integration of automobile sales, after-sales service, new energy and surrounding industries, the country's first new automobile service ecological chain, including service ecology, energy ecology, member ecology, etc. It also said that this year, 60 Wanda Hongqi experience stores will open in cities across the country.

The intensive establishment of new companies this time is nothing more than speeding up the pace of laying out automobile sales.

Wanda told the "International Finance News" reporter in the interview that the company really wants to expand the automobile sales business, and the current sales are mainly red flags. Regarding the follow-up development plan, relevant people said that it is necessary to take it step by step, "first do a good job of the red flag."

From jointly opening supermarket experience stores to intensively establishing companies, Wanda's layout and development path in the automotive field are very clear.

Some industry veterans analyzed to reporters that Wanda and Hongqi are both northeastern enterprises, and Hongqi is a central enterprise, and it is normal for the two to reach cooperation. On the other hand, the new car-making forces represented by "Wei Xiaoli" have their own considerations in terms of development. For example, Weilai, most of it will choose to settle in supermarkets with higher brand style, while Wanda's influence in beijing, Shanghai, Guangzhou, Chengdu, Chongqing and other regions is limited, "Weilai has its own way of playing, can not be 'kidnapped' by Wanda."

In recent years, more and more car experience stores have settled in supermarkets, and they have targeted consumer groups after the 80s and 90s who love to visit shopping malls. Under the trend of the industry, it is also a good idea for Hongqi to choose to "bundle" with Wanda.

At the marketing level, the experience stores in the supermarket mostly play the role of drainage, while a series of actions such as purchase, delivery, maintenance and so on are still in the 4S store, "Wanda's influence is better, basically the core business circle of a city, the flow of people is large, and the advertising benefits are more obvious." The person added.

In its view, Hongqi has relied on the B-end travel market in recent years, with decent sales and "more large customers", and this cooperation with Wanda may be able to expand sales channels.

According to data from the China Automobile Association, in January 2022, Hongqi sold a total of 42,100 new cars, an increase of 30% year-on-year. The brand's annual sales in 2021 exceeded 300,000 vehicles, an increase of more than 50% year-on-year, of which the sales of the two flagship models of the new Hongqi product matrix, the Faw-Hongqi H9 and the Faw-hongqi E-HS9, exceeded 40,000 and 5,400 units respectively.

It is reported that The Faw-Hongqi E-HS9 is one of the four new energy vehicles currently on sale by the brand, and the other three are Faw-Hongqi E-HS3, E-QM5 and H7. Under the general trend of the development of new energy vehicles, these models may also become the focus of Wanda's sales.

Reporter Wu Dian

Edited by Zuo Yu

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Wanda entered the "car bureau" and sold Hongqi cars
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