Core Insights - The article emphasizes the importance of private enterprises in China's economic system, particularly highlighting the role of Great Wall Motors as a representative of high-quality development in the automotive industry [2][7] - Wei Jianjun, the founder of Great Wall Motors, is portrayed as a steadfast leader who prioritizes product quality and innovation over chasing market trends and valuations [5][20] - The concept of "deep squat" is introduced as a strategic approach taken by Great Wall Motors over the past five years to strengthen its core competencies and prepare for future growth [8][19] Group 1: Company Development and Strategy - Great Wall Motors has been focusing on self-research and innovation, aiming to strengthen and expand national brands, which aligns with the broader economic context [5][7] - The company has made significant investments in R&D, totaling over 43.3 billion yuan from 2020 to 2024, with a workforce of 23,000, making it one of the highest R&D personnel densities among Chinese automakers [14][18] - The company has developed advanced technologies such as the Hi4 family of intelligent four-wheel drive systems, showcasing its commitment to innovation and product excellence [10][12] Group 2: Financial Performance - Great Wall Motors reported a gross margin increase from 14.57% in 2020 to 19.51% in 2024, with the average selling price per vehicle rising from 82,800 yuan to 164,800 yuan [16][18] - In the first half of 2025, the company achieved a revenue of 92.367 billion yuan, a year-on-year growth of 1.03%, and a net profit of 6.337 billion yuan, reflecting a strong rebound in the second quarter [18][19] Group 3: Leadership Philosophy - Wei Jianjun's leadership is characterized by a deep passion for technology and product quality, prioritizing the integrity of the vehicle over mere commercial logic [20][22] - The article draws parallels between Wei Jianjun and other renowned entrepreneurs, emphasizing the importance of technical dedication and a focus on product stability in achieving long-term success [24][26] - Great Wall Motors is positioned as a model for high-quality development in the automotive sector, representing a shift from market imitation to system confidence among Chinese private enterprises [26]

Core Viewpoint - The article discusses the strategic choice of Great Wall Motors to adopt the Hi4 hybrid intelligent four-wheel drive technology system, which emphasizes efficiency, safety, and technological versatility in the context of the evolving Chinese electric vehicle market [2][6]. Group 1: Hi4 Technology Overview - Hi4, short for Hybrid Intelligent 4WD, is a hybrid electric drive platform developed by Great Wall Motors, integrating both electric and engine-driven capabilities [2]. - The Hi4 system is not a single technology but a family of versions tailored for different vehicle classes and usage scenarios, including basic, performance, urban off-road, extreme off-road, and heavy commercial vehicle variants [4]. - The Hi4 technology aims to provide a low-cost, low-energy, high-performance four-wheel drive experience, addressing the current market penetration challenges of less than 5% for four-wheel drive vehicles in China [5]. Group 2: Technical Advantages - Unlike range-extended electric vehicles, Hi4 combines parallel and series hybrid architectures, allowing for direct engine drive to the wheels, which enhances energy efficiency in mid to high-speed conditions [4]. - Hi4's design philosophy emphasizes energy path management, requiring advanced control logic, collaborative algorithms, and hardware adaptability, leading to improved durability and system load performance [4]. - The Hi4 system can intelligently switch driving modes without user intervention, optimizing performance based on driving conditions, which has been validated in the Wuling Blue Mountain model [5]. Group 3: Strategic Implications - The Hi4 system represents a significant technological evolution for Great Wall Motors, reflecting a shift towards a comprehensive "electric + intelligent + multi-scenario adaptability" technical logic [6]. - Great Wall Motors has achieved nearly full self-research and development for the Hi4 system, showcasing its capability to integrate various technologies from electric control algorithms to battery layout and chassis integration [6]. - The Hi4 technology is positioned as a critical battleground for Great Wall Motors in the hybrid market over the next five years, indicating its strategic importance for the company's future [6].

Core Insights - Great Wall Motors has achieved significant success in the recent Rally event, winning multiple awards in different categories, indicating a strong position in the off-road vehicle market [2] - The company is focusing on off-road vehicle development as a strategic move to differentiate itself in a competitive market, emphasizing product diversification and specialization [3] - Great Wall is actively building a comprehensive off-road ecosystem, including technology advancements and community engagement, to strengthen its market position [4] Group 1: Performance and Achievements - Great Wall Motors' Hi4 team won the T2.E production new energy group championship at the Rally event, while its Haval and Tank teams secured top positions in the T2.1 fuel group [2] - In May, Great Wall sold 102,200 vehicles, marking an 11.78% year-on-year increase, with Haval brand sales growing by 22.58% to 58,000 units [3] Group 2: Strategic Focus - The company is concentrating on off-road vehicles as a key strategy to navigate market competition, with a focus on creating a "blue ocean" through product differentiation [3] - Great Wall aims to leverage its new energy off-road technology to support its transition to electric vehicles while solidifying its position in the off-road segment [3] Group 3: Technological Advancements - Great Wall has introduced the Hi4 intelligent four-wheel drive technology and plans to release additional technology frameworks in the coming years, enhancing its technical capabilities [3] - The company has established a grading system for off-road capabilities based on various performance metrics, which will help in standardizing and promoting its off-road vehicles [4]

Core Viewpoint - The ongoing controversy surrounding the "Fat Donglai" jade incident highlights the importance of trust and integrity in business, as well as the need for a supportive business environment that goes beyond individual corporate ethics [1][2][3]. Group 1: Incident Overview - The incident began when a social media influencer accused "Fat Donglai" of tax evasion and unethical sales practices, leading to a significant reputational crisis for the company [2]. - "Fat Donglai" responded by suing the influencer for defamation and attempted to restore its reputation through transparency measures, including publishing financial reports and pricing standards [2][3]. - Despite these efforts, the negative publicity persisted, and the company's website was eventually taken down, indicating severe reputational damage [2][3]. Group 2: Industry Implications - The incident has sparked discussions about the relationship between public opinion and the business environment, emphasizing the need for mutual support between platforms and companies [3]. - There is a growing concern in the automotive industry regarding malicious marketing tactics, where competitors use false information to damage the reputation of others, creating a toxic competitive landscape [3][4]. - Companies that prioritize integrity and quality, like "Fat Donglai," are becoming outliers in an environment dominated by aggressive marketing and price wars [4][5]. Group 3: Long-term Strategies - Long-term strategies in the automotive sector are shifting towards quality over quantity, with companies like Great Wall Motors focusing on sustainable growth through technological innovation and product quality [6][7]. - Great Wall Motors has committed to significant R&D investments, with a target of 100 billion yuan over five years, emphasizing the importance of technological advancements in achieving competitive advantage [7][8]. - The company's recent financial performance reflects this strategy, with a reported 80% increase in net profit and a gross margin of 19.15% for 2024, showcasing the benefits of a focus on high-quality products [7][8].