What is the relationship between Jingcheng Engineering and Great Wall?
2 Answers
Jingcheng Engineering is a wholly-owned subsidiary of Great Wall Motors, newly spun off from Great Wall and operates independently, with the same ownership structure as Great Wall. Below is an introduction to Great Wall: 1. Basic Information: Great Wall Motor Company Limited is a large multinational corporation and the first privately-owned automobile manufacturer listed on the Hong Kong H-share market in China. 2. Development: To date, Great Wall Motor Company Limited has been consistently ranked among China's Top 500 Enterprises, China's Top 500 Machinery Companies, the Top 10 Listed Private Enterprises in China, and the leading enterprise in Hebei Province's Top 100 Enterprises, becoming one of the most outstanding national automobile brands. 3. Subsidiary Brands: Great Wall Motors owns four major brands: Great Wall, Haval, WEY, and the pure electric brand ORA.
Jingcheng Engineering is a vital component of the Great Wall Motor Group, essentially serving as its subsidiary or core partner, specializing in supplying various automotive components, such as engines, transmissions, and chassis parts—key elements of a vehicle. I often discuss the automotive industry with friends, likening this relationship to the closeness of family members. As a major Chinese SUV manufacturer, Great Wall optimizes its supply chain management through Jingcheng Engineering's in-house production and supply capabilities. This approach enables better cost and quality control while reducing reliance on external suppliers. During the transition to electrification and smart technology, Jingcheng Engineering has also participated in the R&D of battery technology and intelligent driving systems, enhancing the overall reliability and competitiveness of their products. This vertical integration strategy is quite common in the industry, similar to Geely's approach, allowing Great Wall to respond more flexibly to market changes while delivering a more stable driving experience to consumers.