SAIC Volkswagen's Changes and Developments New Leadership, Reform Plans, and More

TapTechNews October 10th news, on September 29th, SAIC Volkswagen Automobile Co., Ltd. had a business registration change. Chen Hong stepped down as the legal representative and chairman, and was succeeded by Wang Xiaoqiu. Jia Jianxu stepped down as the general manager and was succeeded by Tao Hailong, and at the same time, many key personnel also changed.

SAIC Volkswagen Automobile Co., Ltd. was established in February 1985, with a registered capital of 11.5 billion yuan. Its business scope includes developing, manufacturing, selling cars, components, parts, accessories, and providing after-sales services, etc. It is jointly held by SAIC Group, Volkswagen AG, Volkswagen (China) Investment Co., Ltd., Audi AG, and Skoda Auto.

According to TapTechNews' previous report, Tao Hailong took over as the general manager of SAIC Volkswagen on July 18th this year, and less than a month later, he also served as the Party secretary of SAIC Volkswagen.

As the saying goes, a new broom sweeps clean. Previously, it was reported that after Tao Hailong took office, he started his bold reform and planned to optimize more than 2 billion yuan in structural costs this year. Among them, development license fees accounted for nearly 60% of the estimated total potential for optimization, followed by the optimization of sales expenses and personnel expenses, accounting for 18% and 8% respectively.

There is also news that SAIC Volkswagen plans to close its Chinese factories, with the Nanjing factory being the first to bear the brunt, mainly producing Passat and Skoda models. In response to this rumor, SAIC Volkswagen responded that the adjustment of the production base is a necessary business operation.

The delivery volume of SAIC Volkswagen ID. family in the terminal market reached 13,486 units in September. As of September 2024, the cumulative sales volume of SAIC Volkswagen ID. family has exceeded 300,000 units since its launch in 2021.