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Ex-Great Wall Motor President Rumored to Replace He Xiaopeng as XPeng CEO
Ex-Great Wall Motor President Rumored to Replace He Xiaopeng as XPeng CEO
Ms. Wang Fengying, who is rumored to be the new CEO of XPeng, had worked at Great Wall Motor for more than 30 years and has seen the rise of the auto giant.
XPeng (NYSE: XPEV) has been making a series of organizational changes, and the latest information indicates that the moves appear to be more radical than thought.
Wang Fengying, formerly president of Great Wall Motor, will replace He Xiaopeng as XPeng's CEO, auto industry media outlet Iauto Ilife said in a report yesterday, citing an unnamed source. Mr. He is currently the chairman and CEO of XPeng.
The outlet is not a source that CnEVPost routinely tracks, though past articles show that they have interviewed executives from automakers including Audi and Great Wall Motor.
Another person familiar with XPeng said he was surprised, but said Mr. He was indeed looking for a new CEO.
(Wang Fengying. Image from Great Wall Motor's Weibo)
The move was not confirmed by XPeng, but it makes sense that the company would need more specialized automotive professionals to coordinate the planning and operation of its product matrix, the report said.
China's new carmakers initially built their products on the model of operating an Internet company, but automotive products are fundamentally different and as they scale up and have more products, these companies need to return to the automaking model, the report explained.
In late October 2022, several media reports said XPeng was making organizational changes to improve its previously overly centralized management, reduce communication costs and get closer to users to understand real user needs.
The immediate reason for these adjustments was problems with the launch of XPeng's flagship SUV G9 -- complex and difficult-to-understand product SKUs, product planning divorced from user needs, and marketing failures, Jiemian previously reported, citing a source familiar with the matter.
In XPeng's press release announcing October delivery figures on November 1, Mr. He mentioned that he had made organizational changes to the company.
"I've recently optimized our organizational structures and am confident that we are better aligned with customer demands and market trends with our differentiated Smart EV products," Mr. He said at the time.
On November 30, XPeng announced in a Hong Kong Stock Exchange announcement that co-founder and president Henry Xia had resigned as an executive director from the company's board of directors.
So who is Ms. Wang, the person rumored to succeed Mr. He as XPeng's CEO?
Ms. Wang joined Great Wall Motor in 1991, became the company's general manager in November 2002 and president in 2003.
She has seen the rise of Great Wall Motor and helped drive the company's SUV-focused strategy, and was seen by the industry as the No. 2 person at the company, behind chairman Wei Jianjun.
In July 2020, Great Wall Motor made organizational changes and introduced a rotating president system, and Ms. Wang began to gradually recede into the background.
In July 2022, Ms. Wang resigned from her position as general manager of Great Wall Motor and began to fade from the automotive industry.
For her, taking on the role of XPeng CEO would give her back a lot of authority, thus allowing her to play to her strengths, the Iauto Ilife report said.
XPeng saw deliveries plummet in the second half of last year, with less than 6,000 units in both October and November. The company's deliveries in December were back above 10,000 units, at 11,292, but still down 29 percent from a year ago.
XPeng plans to launch three new models in 2023: a facelift of the hot-selling sedan P7, an SUV with the internal code F30 and an MPV with the internal code H93.
In 2022, the company had only one new model, the G9, hit the market.
Ms. Wang Fengying, who is rumored to be the new CEO of XPeng, had worked at Great Wall Motor for more than 30 years and has seen the rise of the auto giant.
据传王凤英女士是小鹏汽车的新任首席执行官,她在长城汽车工作了30多年,见证了这家汽车巨头的崛起。
XPeng (NYSE: XPEV) has been making a series of organizational changes, and the latest information indicates that the moves appear to be more radical than thought.
xPeng(纽约证券交易所代码:XPEV)一直在进行一系列组织变革,最新信息表明,这些举措似乎比想象的要激进。
Wang Fengying, formerly president of Great Wall Motor, will replace He Xiaopeng as XPeng's CEO, auto industry media outlet Iauto Ilife said in a report yesterday, citing an unnamed source. Mr. He is currently the chairman and CEO of XPeng.
汽车行业媒体Iauto Ilife昨天在一份报告中援引一位不愿透露姓名的消息人士的话说,前长城汽车总裁王凤英将接替何小鹏担任xPeng的首席执行官。何先生目前是小鹏的董事长兼首席执行官。
The outlet is not a source that CnEVPost routinely tracks, though past articles show that they have interviewed executives from automakers including Audi and Great Wall Motor.
该媒体并不是CNevPost经常追踪的消息来源,尽管过去的文章显示他们采访了包括奥迪和长城汽车在内的汽车制造商的高管。
Another person familiar with XPeng said he was surprised, but said Mr. He was indeed looking for a new CEO.
另一位熟悉xPeng的人士说,他很惊讶,但他说他确实在寻找新的首席执行官。
(Wang Fengying. Image from Great Wall Motor's Weibo)
(王凤英。图片来自长城汽车的微博)
The move was not confirmed by XPeng, but it makes sense that the company would need more specialized automotive professionals to coordinate the planning and operation of its product matrix, the report said.
报告称,此举并未得到小鹏的证实,但该公司需要更多专业的汽车专业人员来协调其产品矩阵的规划和运营,这是有道理的。
China's new carmakers initially built their products on the model of operating an Internet company, but automotive products are fundamentally different and as they scale up and have more products, these companies need to return to the automaking model, the report explained.
报告解释说,中国的新汽车制造商最初是在运营互联网公司的模式上开发产品的,但汽车产品有根本的不同,随着规模的扩大和产品的增加,这些公司需要回归汽车制造模式。
In late October 2022, several media reports said XPeng was making organizational changes to improve its previously overly centralized management, reduce communication costs and get closer to users to understand real user needs.
2022年10月下旬,多家媒体报道称,小鹏正在进行组织变革,以改善其以前过于集中的管理,降低通信成本,并更接近用户,以了解真实的用户需求。
The immediate reason for these adjustments was problems with the launch of XPeng's flagship SUV G9 -- complex and difficult-to-understand product SKUs, product planning divorced from user needs, and marketing failures, Jiemian previously reported, citing a source familiar with the matter.
杰米安此前援引一位知情人士的话报道,这些调整的直接原因是小鹏旗舰SUV G9的推出存在问题——产品SKU复杂且难以理解,产品规划与用户需求脱节,以及营销失败。
In XPeng's press release announcing October delivery figures on November 1, Mr. He mentioned that he had made organizational changes to the company.
在11月1日xPeng公布10月交付数据的新闻稿中,何先生提到他已经对公司进行了组织调整。
"I've recently optimized our organizational structures and am confident that we are better aligned with customer demands and market trends with our differentiated Smart EV products," Mr. He said at the time.
何先生当时说:“我最近优化了我们的组织结构,相信我们的差异化智能电动汽车产品可以更好地适应客户需求和市场趋势。”
On November 30, XPeng announced in a Hong Kong Stock Exchange announcement that co-founder and president Henry Xia had resigned as an executive director from the company's board of directors.
11月30日,小鹏在香港证券交易所的公告中宣布,联合创始人兼总裁夏亨利已辞去公司董事会执行董事的职务。
So who is Ms. Wang, the person rumored to succeed Mr. He as XPeng's CEO?
那么,据传接替何先生担任小鹏首席执行官的王女士是谁?
Ms. Wang joined Great Wall Motor in 1991, became the company's general manager in November 2002 and president in 2003.
王女士于 1991 年加入长城汽车,2002 年 11 月成为公司总经理,2003 年成为总裁。
She has seen the rise of Great Wall Motor and helped drive the company's SUV-focused strategy, and was seen by the industry as the No. 2 person at the company, behind chairman Wei Jianjun.
她见证了长城汽车的崛起,并帮助推动了公司以SUV为重点的战略,被业界视为该公司的第二大人物,仅次于董事长魏建军。
In July 2020, Great Wall Motor made organizational changes and introduced a rotating president system, and Ms. Wang began to gradually recede into the background.
2020年7月,长城汽车进行了组织变革并引入了轮值总裁制度,王女士开始逐渐退居后台。
In July 2022, Ms. Wang resigned from her position as general manager of Great Wall Motor and began to fade from the automotive industry.
2022年7月,王女士辞去了长城汽车总经理的职务,开始从汽车行业消失。
For her, taking on the role of XPeng CEO would give her back a lot of authority, thus allowing her to play to her strengths, the Iauto Ilife report said.
Iauto Ilife的报告称,对她来说,担任xPeng首席执行官将赋予她很多权力,从而使她能够发挥自己的优势。
XPeng saw deliveries plummet in the second half of last year, with less than 6,000 units in both October and November. The company's deliveries in December were back above 10,000 units, at 11,292, but still down 29 percent from a year ago.
去年下半年,小鹏的交付量直线下降,10月和11月的交付量均不到6,000辆。该公司在12月的交付量回到了1万辆以上,达到11,292辆,但仍比去年同期下降了29%。
XPeng plans to launch three new models in 2023: a facelift of the hot-selling sedan P7, an SUV with the internal code F30 and an MPV with the internal code H93.
小鹏计划在2023年推出三款新车型:热销轿车P7的改款、内部代码为F30的SUV和内部代码为H93的MPV。
In 2022, the company had only one new model, the G9, hit the market.
2022 年,该公司只有一款新车型 G9 上市。
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moomoo是Moomoo Technologies Inc.公司提供的金融信息和交易应用程序。
在美国,moomoo上的投资产品和服务由Moomoo Financial Inc.提供,一家受美国证券交易委员会(SEC)监管的持牌主体。 Moomoo Financial Inc.是金融业监管局(FINRA)和证券投资者保护公司(SIPC)的成员。
在新加坡,moomoo上的投资产品和服务是通过Moomoo Financial Singapore Pte. Ltd.提供,该公司受新加坡金融管理局(MAS)监管(牌照号码︰CMS101000) ,持有资本市场服务牌照 (CMS) ,持有财务顾问豁免(Exempt Financial Adviser)资质。本内容未经新加坡金融管理局的审查。
在澳大利亚,moomoo上的金融产品和服务是通过Futu Securities (Australia) Ltd提供,该公司是受澳大利亚证券和投资委员会(ASIC)监管的澳大利亚金融服务许可机构(AFSL No. 224663)。请阅读并理解我们的《金融服务指南》、《条款与条件》、《隐私政策》和其他披露文件,这些文件可在我们的网站 https://www.moomoo.com/au中获取。
在加拿大,通过moomoo应用提供的仅限订单执行的券商服务由Moomoo Financial Canada Inc.提供,并受加拿大投资监管机构(CIRO)监管。
在马来西亚,moomoo上的投资产品和服务是通过Moomoo Securities Malaysia Sdn. Bhd. 提供,该公司受马来西亚证券监督委员会(SC)监管(牌照号码︰eCMSL/A0397/2024) ,持有资本市场服务牌照 (CMSL) 。本内容未经马来西亚证券监督委员会的审查。
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