Great Wall Motor has a market value of 580 billion yuan and BYD has a market value of 440 billion yuan, both of which are leading domestic automobile enterprises. The market value of Chang 'an is 654.38 billion+025 billion, and it is still rising. The market value of Great Wall BYD is falling, and the gap is not generally large. Comparing the sales revenue of the three companies, according to the first quarter, Changan is worse than Great Wall BYD.
Characteristics of Great Wall Motor
Great Wall is a car company that has long relied on reverse research and development. The chassis of Haval H6 is reverse C-RV, and the current VV7 chassis is the reverse Volvo XC60 of the previous generation. Engine and Tiguan 1.8T have a deep relationship. Although the Great Wall has independently developed engines and gearboxes in recent years, it is undeniable that the independent research and development strength of the Great Wall needs to be strengthened.
The reverse R&D model can open the market of products in a short time, but once it continues to mid-to high-end models, it will face the problem of integration and matching. The technical research and development strength accumulated by Great Wall itself cannot support the systematic competition of today's series of products. To put it bluntly, its own technology accumulation cannot support higher prices, especially in today's rapid development of domestic automobile manufacturers.