DOCSLIB.ORG

Annual Report 2018

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 2018 www.giti.com ring • Involvements in Pr anufactu emium G een M lobal M nd Gr otor al a spor Glob ts • A F ocu s o n S er vic e & Su pp or t • B u il di ng B e tt er C o m m u n it ie s Annual Report 2018 Table of Contents Introduction 001 Commercial Tire 047 Making Trucks and Buses More Efficient Message From Executives Product and OEM Updates Giti Highlights in 2018 China North America About Giti 005 Europe Asia | Oceania Giti Overview and Our Difference Middle East Giti Global Presence Latin America | Africa Our Journey to Success Manufacturing and R&D 011 Professional Fleets 059 Top Value Through Great Products and Support Green Production in Three Countries Pushing the Limits of R&D Better Quality, Better Service, and Better Value for the Fleet Motorsports 015 All-Around Integrated Fleet Service Winning Motorsports Technology For Our Testimonials from Global Professional Everyday Driving Tires Fleet Partners Formula 3 Asian Series Marketing 069 24 Hours Nürburgring Race Sharing Giti with the World European Truck Racing Macau Lotus Cup Racers More sMiles with Giti UK Fun Cup Use Giti to Explore P3 Endurance Series Brand Awareness Formula Renault/Clio End-User Activities Formula V1 Trade Events Partner Activities Distribution & Strong Digital Engagement Retail Focus 029 Giti Tire continued its global development Corporate Social Responsibility 081 Distribution & Retail Strategy A Positive Difference Across Generations Retail Alliances Around the World SPEEDWORK，Embracing Digital Retail Green Production Employee Wellness Consumer Tires Supporting Wildlife in Kekexili A Tire for Every Driver's Preference Growing Future Leaders Through Education 035 United in Diversity Product and OEM Updates PTGT Indonesia Activities China North America OEM Vehicles Listing 095 Europe Asia | Oceania Contact Us 110 Middle East Latin America | Africa Scan to view the Giti Tire Corporate Website Or visit www.giti.com/corp Well Positioned for the Road Ahead As we move into 2019, the global tire market continues to present both challenges and opportunities. With its manufacturing and R&D global footprint, premium motorsports involvements, product + service + IT approach and with a focus on digitalization, these building blocks will enable Giti Tire to maintain competitive advantages in the marketplace. In 2018, Giti made great strides in further developing and aligning its global network, growing its racing and brand awareness, gaining new major OEM fitments and launching new products to meet discerning consumers’ needs whilst continuing to focus on contributions to the community and environment. While 2019 will likely continue to face increasing economic, political and industry specific challenges, Giti’s inherent strengths and flexibility will be the impetus driving the company positively into the future. Dr. Enki Tan C Executive Chairman of Giti Tire B A: Taking on the 24 Hours Nürburgring Race B: Giti Booth at CV Show in Europe C: Inside Giti Tire's newest plant in Chester, South Carolina, USA D: Giti Tire's German Office E: Display for the 'More sMiles with Giti' branding campaign A 1 SummaryMessages Of From 2018 Executives Quality Products, Top Service, and Strong Partnerships With a constant focus on being a global manufacturer and industry innovation leader, Giti Tire continues to expand on its competitive strengths in customer service, through network, manufacturing, research, and order fulfillment. This includes a continued focus on digitalizing the customer experience through materials and platforms to improve efficiency, while also maintaining the personal relationships that Giti is recognized globally for. Sustainable development continues to be mandated across all our activities with focus on energy conservation, green tire development and green production approach to contain the impact of waste gas and water. Meanwhile, we will continue to reduce our environmental footprint whilst growing Giti to become the preferred partner to all our business stakeholders including customers, investors, business associates, employees and to the communities around us. Lei Huai Chin Managing Director D E 2 Giti Highlights in 2018 2018 was an exciting year for Giti with various breakthroughs and areas of growth. Expanded Global and Green Manufacturing Gradual ramping up of the 01 new US factory and expanding Indonesian production center 03 increased our overall capacity with continuous focus on State of Art New Tires automation for higher productivity The fully integrated Global One and green manufacturing R&D technology platform enables technology for environmental Giti engineers operating across protection. North America, Europe, China and Indonesia to provide our everyday drivers with better, safer and more durable state of art tires. 04 Exciting Motorsports 02 Developments Further Giti Brand 2018 saw Giti Tire nominated as the sole Expansion, Including to and office tire supplier to the high profile the US Formula 3 Asian Series. Other success were as official tires to the Macau Lotus The Giti flagship brand continued Cup and Formula V1 race while gaining its expansions to new markets, now recognition for our tire performance in covering all continents and regions. the BTRA European Truck Racing. The This included the introduction of year also saw Giti further entrenching its Giti Brand Commercial Truck and presence in the 24 Hours Nürburgring Bus tires to the US market, as well Endurance Race and setting the stage for as growth in Europe and brand the coming 2019 challenge. launches in Asia, Middle East, Latin America, and elsewhere. 3 Giti Highlights 2018 07 OEM Partnerships with 05 Global Leaders Expanded Retail and Giti Tire earned a number of OEM fitments in 2018, including using its Service Focus US-made Giti brand tires on new With a growing focus on the retail Volkswagon Tiguan SUVs. This and fleet service levels, a wide range goes in addition to recent European of new tools, programs, and support partnerships with fitments to the offerings were introduced in 2018. Renault Dacia Duster, Sandero, This included further investment in the Logan and MCV as well as to Seat company’s Speedwork chain in China, Ibiza from the VW Group. as well as in its Giti branded and other retail outlets around the world. 06 Greater Brand Exposure Through Innovative Campaigns The global ‘More sMiles with Giti’ campaign and Giti Anniversary Education and the month were introduced in 2018, Community bringing together employees, 08 distributors, and end-users around A continued focus on the the world. Many exciting digital and community, education, and the off-line brand activities were also environment was demonstrated conducted, taking Giti’s exposure through a range of activities. to new levels. These included working with new environmental projects, as well as with universities and elementary schools to improve the society and develop the leaders of tomorrow. 4 A Singapore-Based Global Tire Company With its roots going back more than 65 years in the tire industry, Giti Tire understand the requisites of being a resilient and consistent tire manufacturer in the highly competitive and fast changing market place and have the necessary resources in place. Today, the Giti business platform fully integrate its worldwide manufacturing and R&D footprint, an innovative sales, marketing and distribution channel together with its global motorsports activities to assure its future growth. 2018 Revenue 3.215 Billion USD R&D and Tire Testing Centers 4 R&D in China, the U.S., Germany, Indonesia, and 1 Tire 5 Testing Center in the UK Manufacturing Plants 8 6 in China, 1 in Indonesia, and 1 in the U.S. Offices Singapore, China, Indonesia, U.S., Canada, 12 U.K., Germany, France, Dubai, Malaysia, Italy, and Brazil More than Employees 35,000 Worldwide More than Point of Sales 70,000 In more than 130 countries 5 Giti Overview and Our Difference The Giti Tire Difference Giti Tire knows that quality and consistency depends on the care of each employee, facility, and activity. Because of this, the company orientate itself to focus on three key areas which include Top Quality Production and Innovation. Facilitating Employee Innovation and Growth and being a responsible Corporate Partner. duction ee Inno sible Co ro a loy va n rp P n p t po o ty d io s r li m n e a In E t a R e n a u g n o a P n Q i d v a t g a r p G a n t t i t n o i i r l o e T o e i n B r w c a t h F 1 2 3 Reliable Products Leadership Shareholder Value Delivering value, reliable performance, Embracing a winning spirit, sharing Maximizing shareholders’ value through and top quality. skills, demanding integrity, focusing on continuous growth and upholding priorities, and becoming a workplace of our market leadership in the industry, choice. while being supported by responsible Innovation management practices. Bringing insights, innovation, and creativity to the continuous process Growth of building and improving our trusted Encouraging personal growth through Sustainability brands. skills training, development, and career Achieving sustainable growth while advancement opportunities. being mindful of our responsibility to the environment and the people who live in Quality Services it. Listening to our customers and striving Empowerment to meet or exceed their needs and Building on a culture of continuous expectations, in a service-focused improvement, we encourage our Corporate environment. people to share knowledge and Governance experience in an environment Embracing full responsibility to our that builds trust,creating an open stakeholders, we are committed Partnerships communication channel that towards the highest levels of integrity, Engaging with our customers and transcends boundaries. business ethics, and transparency. building long-term relationships with superior value in our partnerships, built on a foundation of integrity. 6 Our Journey To Success • Established • Established Giti Giti Tire (China) Tire (Canada) Ltd.
Load more

Recommended publications
  • 長 城 汽 車 股 份 有 限 公 司 Great Wall Motor Company Limited
    Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. 長 城 汽 車 股 份 有 限 公 司 * GREAT WALL MOTOR COMPANY LIMITED (a joint stock company incorporated in the People’s Republic of China with limited liability) (Stock code: 2333) ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2018 The board of directors (the “Board”) of Great Wall Motor Company Limited (the “Company”) is pleased to announce the unaudited interim results of the Company and its subsidiaries for the six months ended 30 June 2018. This announcement, containing the full text of the 2018 Interim Report of the Company, is prepared with reference to the relevant requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited in relation to preliminary announcements of interim results. Printed version of the Company’s 2018 Interim Report will be delivered to the Company’s shareholders and will also be available for viewing on the websites of Hong Kong Exchanges and Clearing Limited at www.hkexnews.hk and of the Company at www.gwm.com.cn. By order of the Board Great Wall Motor Company Limited Xu Hui Company Secretary * For identification purpose only IMPORTANT NOTICE I. The Board, the Supervisory Committee and the directors, supervisors and senior management of the Company warrant that the information in this interim report is true, accurate and complete and does not contain any false representations, misleading statements or material omissions, and jointly and severally take legal liability for its contents.
    [Show full text]
  • CTI Symposium China Automotive Transmissions, HEV and EV Drives
    CTI 2018 # May The Automotive TM, HEV & EV Drives magazine by CTI A Comprehensive System Approach for Future Powertrain Electrification Interview Oliver Blume (CEO, Porsche) Tomorrow’s Sports Cars Automotive Diagnostics – Shifting from Digital to Intelligent Including Featured Topics about Automated Driving and Digitalization A zero-emission future is only impossible until it isn’t. The future of mobility is electric. Most agree, but few know how to get there. Until now. With our etelligentDRIVE™ solutions, Magna is making it possible. From 48 volt and pure electric drives, to eAWD and plug-in hybrids, we’re electrifying powertrains, improving fuel effi ciency, reducing the environmental impact of vehicles - and moving the industry into the future. Science fi ction thinking. Automotive reality. Visit us at the CTI Symposium and meet our experts! www.magna.com/electrifi cation Dear reader, welcome to our next milestone: the 10th issue of CTI Mag! The automotive industry is currently heading for a digital transformation, with AI applications becoming more and more important in drivetrains and development processes, and automated driving set to impact on powertrains too. In this issue we cover both topics for the first time – t ogether with numerous new developments in the transmission and drives segment. Read for yourself what big-name manufacturers and suppliers have to say about their latest electrification concepts, as well as how they are improving the efficiency, performance, cost and weight of individual drive components. Other topics include the latest insights in lubricants, transmission sensor systems and product methods, and the challenges and legal parameters that are shaping automated driving and vehicle connectivity, Big Data and Cloud technology applications.
    [Show full text]
  • 長 城 汽 車 股 份 有 限 公 司 Great Wall Motor Company Limited
    Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. 長 城 汽 車 股 份 有 限 公 司 * GREAT WALL MOTOR COMPANY LIMITED (a joint stock company incorporated in the People’s Republic of China with limited liability) (Stock Code: 2333) RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2018 The board of directors (the “Board”) of Great Wall Motor Company Limited (the “Company”) is pleased to announce the audited results of the Company and its subsidiaries for the year ended 31 December 2018. This announcement, containing the full text of the 2018 Annual Report of the Company, is prepared with reference to the relevant requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited in relation to preliminary announcements of Annual Results. The Company’s 2018 Annual Report will be available for viewing on the websites of The Stock Exchange of Hong Kong Limited at www.hkexnews.hk and of the Company at www.gwm.com.cn. Printed version of the Company’s 2018 Annual Report will also be delivered to the Company’s shareholders. By order of the Board Great Wall Motor Company Limited Xu Hui Company Secretary IMPORTANT NOTICE I. The Board, the Supervisory Committee and the directors, supervisors and senior management of the Company warrant that the contents of this annual report are true, accurate and complete and do not contain any false representations, misleading statements or material omissions, and jointly and severally take legal liability for its contents.
    [Show full text]
  • Hev Tcp Annual Report
    HEV TCP ANNUAL REPORT Austria Belgium Canada China Denmark Finland France Germany Ireland Italy Netherlands Norway Republic of Korea Spain Sweden Switzerland Turkey United Kingdom United States THE ELECTRIC DRIVE SCALES UP HEV TCP ANNUAL REPORT 2020 Implementing Agreement for Co-operation on Hybrid and Electric Vehicle Technologies and Programmes (HEV TCP) is an international membership group formed to produce and disseminate balanced, objective information about advanced electric, hybrid, and fuel cell vehicles. It enables member countries to discuss their respective needs, share key information, and learn from an ever-growing pool of experience from the development and deployment of hybrid and electric vehicles. The TCP on Hybrid and Electric Vehicles (HEV TCP) is organised under the auspices of the International Energy Agency (IEA) but is functionally and legally autonomous. Views, findings and publications of the HEV TCP do not necessarily represent the views or policies of the IEA ieahev.org Secretariat or its individual member countries. EDITORS CONTRIBUTING AUTHORS Kate Palmer, Task 1 OA Urban Foresight AUSTRIA JAPAN Mauritsch Walter, Austria Tech Hideki Kamitatara, IEA Paul Blakeman Gerfried Jungmeier, Joanneum Research Yoshinobu Sato, METI Urban Foresight Maria Hingsamer, Joanneum Research Andreas Dorda, BMK MOROCCO Kiener Constanze, BMK Mouad Boulakhbar, IRESEN BELGIUM NETHERLANDS Carlo Mol, VITO Sonja Munnix, Netherlands Enterprise Agency Bert Witkamp, Valuad NORWAY CANADA Andreas Bratland, The Research Council Carol Burelle,
    [Show full text]
  • 2017年度业绩 2017 Annual Results
    长城汽车股份有限公司 GREAT WALL MOTOR COMPANY LIMITED * 2017年度业绩 2017 Annual Results *仅供参考 2018年3月 * For identification purpose only Mar 20181 声明 Disclaimer 本介绍片由长城汽车股份有限公司（「公司」）编制，只作企业通讯和一般参考之用。公司无意在任 何司法管辖区使用本介绍片作为出售和招揽他人购买公司任何证券的要约，或用作投资公司证券的决 定基础。未经咨询专业意见的情况下，不得使用或依赖此等全部资料。本介绍纯属简报性质，并非完 整地描述公司、公司业务、目前或过去的经营业绩或业务未来前景。 公司不会为本介绍片发出任何明文或隐含的保证或声明。公司特此强调，不会对任何人使用或依赖本 介绍片的任何资料（财务或其它资料）承担任何责任。 This presentation is prepared by Great Wall Motor Company Limited (the “Company”) and is solely for the purpose of corporate communication and general reference only. The presentation is not intended as an offer to sell, or to solicit an offer to buy or form any basis of investment decision for any class of securities of the Company in any jurisdiction. All such information should not be used or relied on without professional advice. The presentation is a brief summary in nature and do not purport to be a complete description of the Company, its business, its current or historical operating results or its future prospects. This presentation is provided without any warranty or representation of any kind, either expressed or implied. The Company specifically disclaims all responsibilities in respect of any use or reliance of any information, whether financial or otherwise, contained in this presentation. 2 2 业绩摘要 Results Highlights 变动 2017 2016 Change (%) 总销量/千台 Total Sales Volume/ 1,061 1,069 -0.8% ‘000 Units SUV销量/千台 SUV Sales Volume/ 924 933 -1.0% ‘000 Units 营业总收入/百万元 Total Operating Revenue/ 101,169 98,616 2.6% RMB Mn 净利润/百万元 Net Profit/ 5,043 10,554 -52.2%
    [Show full text]
  • DB Access China Conference Strategy Update
    Deutsche Bank Markets Research Asia Strategy Date China 19 January 2018 DB Access China Conference Strategy Update Michael Tong, CFA Luka Zhu Research Analyst Research Analyst dbAccess China 2018: sector, (+852 ) 2203 6167 (+852 ) 2203 6173 company and tour highlights [email protected] [email protected] Deutsche Bank’s Access China 2018 conference, held in Beijing on 8-12 January, was attended by 650+ investors, 180+ corporates from China/HK, 50+ industry experts and macro speakers. We also organised 15 field trips and site visits across the country on 11-12 January. This document consolidates the research published by our analysts, which includes the macro tracks, companies, industry experts and tours. Macro highlights During the Access China conference, 27 invited guest speakers presented their views on the economic sector and policy issues. Autos/Infrastructure/Industrials/Transport Minth Group, Geely Auto, SAIC Motor, Yutong Bus, Zhongsheng Group, JONHON Optronic, CRSC, CRRC, NARI Tech, CNBM, Conch Venture, Anhui Conch Cement, Shenzhen Inovance, Beijing Cap Int'l Airport, and Sinotrans. Banking/Finance Agri. Bank of China, Bank of China, Bank of Communications, China Cinda, China CITIC Bank, China Construction Bank, China Life, China Merchants Bank, China Minsheng Bank, Chongqing Rural Bank, CEB, CPIC, Ping An Bank, ICBC, NCI, PICC Group, PICC P&C, Ping An, CITIC Securities – H, China Galaxy Securities – H, and Far East Horizon. Consumer/Lodging/Leisure/Healthcare China Mengniu Diary, China Modern Dairy, Hengan Intl, Gome, Shanghai Jahwa, Tingyi, Yili, Samsonite International S.A., Wuliangye Yibin, China CYTS Tours, BTG Hotels, China Travel, TravelSky, 3SBio, CSPC Pharma, China TCM Hengrui Medicine, Jointown Pharmaceuticals, Sinopharm Group, Sino Biopharmaceutical, Tonghua Dongbao, and The United Laboratories.
    [Show full text]
  • An Original Market Research Study Into the Improving Proposition of Chinese SUV Brands December 2018 Foreword
    Chinese Automobiles 2018 An original market research study into the improving proposition of Chinese SUV brands December 2018 Foreword. China is undoubtedly the largest and most dynamic market for car brands in the world. The country’s protected yet wealthy competitive space has attracted international brands with new, innovative product offerings but has also bred a large domestic industry that has progressed to compete on the world stage remarkably quickly. While most domestic brands are still some way from achieving the product quality and renown that international brands command, there are increasing signs that they will. This is particularly true in the SUV market, the largest and fastest- growing of all market segments. At the more price-conscious end of the SUV industry, competition has become fierce. New rules on ownership allow foreign brands more access at a lower cost. Meanwhile, the steady advance of Chinese brands in both quality and reputation Alex Haigh broadens their market share relative to Joint Venture and foreign brands. As a result, Auto Industry Director all brands resort to discounting their products to increase sales, putting an end to Brand Finance the times when Joint Venture brands were able to charge a high price premium. The only way to move away from the discounting rivalry and from a positioning based on price in general, is to focus on value and quality. Historically, Chinese car companies have not been able to command the technical know-how and marketing expertise to compete on this basis. Increasingly, however, their suite of offerings is becoming more diverse and they are capturing a larger segment of the market.
    [Show full text]
  • Annual Report
    (a joint stock company Incorporated in the People's Republic of China with limited liability) H Share Stock Code: 2333 A Share Stock Code: 601633 2 018 ANNUAL REPORT * For identification purpose only IMPORTANT NOTICE I. The Board, the Supervisory Committee and the directors, supervisors and senior management of the Company warrant that the contents of this annual report are true, accurate and complete and do not contain any false representations, misleading statements or material omissions, and jointly and severally take legal liability for its contents. II. Director(s) absent from the Board meeting Position of the Name of the Reasons for being director(s) absent from director(s) absent from absent from the Board meeting the Board meeting the Board meeting Representative Director Yang Zhi Juan Work commitment Wang Feng Ying III. Deloitte Touche Tohmatsu Certified Public Accountants LLP has issued the standard audited report for the Company without qualified opinion. The financial information in the annual report was prepared in accordance with China Accounting Standards for Business Enterprises and the relevant laws and regulations. IV. Wei Jian Jun, person-in-charge of the Company, Li Feng Zhen, person-in-charge of the accounting affairs and Lu Cai Juan, person-in-charge of the accounting department (head of the accounting department), declare that they warrant the truthfulness, accuracy and completeness of the financial report in this annual report. V. Proposal of profit distribution or capitalization of capital reserve during the Reporting Period reviewed by the Board As audited by Deloitte Touche Tohmatsu Certified Public Accountants LLP, the net profit of the Group and net profit attributable to shareholders of the Company in 2018 amounted to RMB5,247,639,134.50 and RMB5,207,313,967.76 respectively.
    [Show full text]
  • China Models Ranking 2019
    China models ranking 2019 Please note these figures are for locally produced models only (unless stated otherwise), they exclude imported cars, which make up only a small portion of sales in China. Model 2019 2018 Change 1 Volkswagen Lavida 533.186 503.825 5,8% 2 Nissan Sylphy 470.707 481.216 -2,2% 3 Haval H6 386.405 452.552 -14,6% 4 Wuling Hongguang 374.878 476.538 -21,3% 5 Toyota Corolla 357.798 374.400 -4,4% 6 Volkswagen Bora 334.668 245.818 36,1% 7 Volkswagen Sagitar 307.323 309.902 -0,8% 8 Buick Excelle GT 279.280 261.920 6,6% 9 Volkswagen Santana 255.836 276.411 -7,4% 10 Honda Civic 243.966 218.132 11,8% 11 Geely Boyue 232.327 255.695 -9,1% 12 Volkswagen Tiguan 228.951 303.374 -24,5% 13 Honda Accord 223.706 176.769 26,6% 14 Toyota Levin 221.629 192.697 15,0% 15 Volkswagen Passat 214.061 179.028 19,6% 16 Honda CR-V 213.306 143.689 48,4% 17 Geely EC7 211.472 246.998 -14,4% 18 Nissan X-Trail 207.776 207.951 -0,1% 19 Changan CS75 193.227 140.293 37,7% 20 Toyota Camry 185.245 163.046 13,6% 21 Nissan Qashqai 179.773 175.045 2,7% 22 Volkswagen Tayron 179.428 20.235 786,7% 23 Volkswagen Magotan 169.242 228.990 -26,1% 24 Audi A4L 167.689 167.923 -0,1% 25 Roewe RX5 166.114 224.819 -26,1% 26 BMW 5-series L 163.500 146.604 11,5% 27 Roewe i5 158.945 66.533 138,9% 28 Baojun 510 158.201 361.403 -56,2% 29 Mercedes-Benz E-Class L 157.504 146.032 7,9% 30 Mercedes-Benz C-Class L 154.614 156.567 -1,2% 31 Honda Crider 154.053 113.108 36,2% 32 Buick GL8 148.121 144.308 2,6% 33 Honda XR-V 147.203 168.250 -12,5% 34 Mercedes-Benz GLC 142.857 118.350 20,7%
    [Show full text]
  • GWM Launches 'ORA' Brand to Enter New Energy Vehicle Market in Full Stride on August 20, 2018. – Great Wall Motor (GWM) Ne
    GWM launches ‘ORA’ brand to enter new energy vehicle market in full stride On August 20, 2018. – Great Wall Motor (GWM) New Energy officially launched its all-new independent brand of new energy vehicles. ORA is the first of the mainstream car companies to brand its new energy car business. The ORA iQ, a pure electric crossover SUV, will be launched at the Chengdu Auto Show. This is another major move by the Great Wall Motor Group in the field of new energy after its joint venture with BMW. Ning Shuyong, vice president of Great Wall Motor Co., Ltd. and general manager of the new Ora brand, said: "The Great Wall Motor Group set up a new energy vehicle research group a decade ago. It has been developing electric vehicles for ten years and is dedicated to research and development. Great Wall insists on developing new energy vehicles. Instead of changing from oil to electricity, a bigger consideration is the healthy development of the new energy vehicle market." ORA: ‘New Generation Electric Cars” for the New Urban Youth Great Wall Motor named the new energy brand ORA, hoping to commemorate the world famous mathematician, Mr. Leonhard Euler. Mr. Euler is well known for his "Eulerian Theorem" and "Eulerian Formula". He did only make great contributions to the mathematics community, but also pushed mathematics into the physical field, including ballistics, rigid body mechanics, and fluid mechanics. Great Wall Motor decided to use the "Ora" to name the new energy vehicle brand because mathematics is the foundation of human science and technology innovation, and also the core and premise of automobile design and research and development.
    [Show full text]
  • Annual Report 2018
    Table of Contents Introduction 001 Commercial Tire 047 Making Trucks and Buses More Efficient Message From Executives Product and OEM Updates Giti Highlights in 2018 China North America About Giti 005 Europe Asia | Oceania Giti Overview and Our Difference Middle East Giti Global Presence Latin America | Africa Our Journey to Success Manufacturing and R&D 011 Professional Fleets 059 Top Value Through Great Products and Support Green Production in Three Countries Pushing the Limits of R&D Better Quality, Better Service, and Better Value for the Fleet Motorsports 015 All-Around Integrated Fleet Service Winning Motorsports Technology For Our Testimonials from Global Professional Everyday Driving Tires Fleet Partners Formula 3 Asian Series Marketing 069 24 Hours Nürburgring Race Sharing Giti with the World European Truck Racing Macau Lotus Cup Racers More sMiles with Giti UK Fun Cup Use Giti to Explore P3 Endurance Series Brand Awareness Formula Renault/Clio End-User Activities Formula V1 Trade Events Partner Activities Distribution & Strong Digital Engagement Retail Focus 029 Giti Tire Continues its Global Development Corporate Social Responsibility 081 Distribution & Retail Strategy A Positive Difference Across Generations Retail Alliances Around the World SPEEDWORK，Embracing Digital Retail Green Production Employee Wellness Consumer Tires 035 Supporting Wildlife in Kekexili A Tire for Every Driver's Preference Growing Future Leaders Through Education United in Diversity PTGT Indonesia Activities Product and OEM Updates China North America OEM Vehicles Listing 095 Europe Asia | Oceania Contact Us 110 Middle East Latin America | Africa Scan to view the Giti Tire Corporate Website Or visit www.giti.com/corp Well Positioned for the Road Ahead As we move into 2019, the global tire market continues to present both challenges and opportunities.
    [Show full text]
  • 长城汽车（601633）公司研究报告 2019 年 05 月 09 日
    [Table_MainInfo] 公司研究/汽车与零配件/汽车 证券研究报告 长城汽车（601633）公司研究报告 2019 年 05 月 09 日 [Table_InvestInfo] 首次 投资评级 优于大市 覆盖 长城汽车：增长重启 股票数据 [Table_Summary] 05[Table_StockInfo月 08 日收盘价（元）] 8.49 投资要点： 52 周股价波动（元） 5.50-11.35 总股本/流通 A 股（百万股） 9127/6028 乘用车行业迎来三年上行周期，我们认为再购需求将成为未来三年销量主要 总市值/流通市值（百万元） 77491/77491 增长来源。随着汽车保有量提升到一定水平，以及 1985 年后十年平均出生 相关研究 人数的逐步下行，首购需求已经开始进入下行通道，我们测算得从 2020 年起 [Table_ReportInfo] 首次购车占比开始低于 50%。我们认为 2022 年国内乘用车销量有望超过 2900 万辆，其中而注销再购+臵换再购是两大核心驱动力，我们测算每年贡 献约 200 万辆增量。而换购需求对于 15 万元以下的 SUV 销量拉动更为明显。 市场表现 [Table_QuoteInfo] 长城汽车 海通综指 长城汽车的发展分为三个阶段： 1.53% -8.47% 2009-2014 年：靠爆品哈弗 H6 奠定自主 SUV 龙头。长城紧抓住国内 SUV -18.47% 成长周期，率先推出爆款车型哈弗 H6，与合资品牌车型形成差异化竞争，与 -28.47% 自主品牌相比品质优越，成为市场上性价比最高的 SUV 车型，2012 年就已 -38.47% 进入国内 SUV 畅销车型前三名，2013-2018 年持续蝉联 SUV 销量冠军。 -48.47% 2018/5 2018/8 2018/11 2019/2 2014-2019 年：销量瓶颈期，红蓝标及哈弗品牌向上突破两大战略遇瓶颈。 其余自主品牌也开始进行密集 SUV 车型投放，抢夺经济型 SUV 市场，H6 沪深 300 对比 1M 2M 3M 增长逐渐放缓，甚至自 16 年起呈现萎缩态势。红蓝标车型定位区分度有限， 绝对涨幅（%） -8.2 15.0 23.2 技术及品牌难以支撑高端突破，两大尝试均未取得明显效果。 相对涨幅（%） 1.4 14.8 10.3 资料来源：海通证券研究所 2019-2022 年：车型型谱填充完全，品牌提升与销量突破有望同步落地。长 [Table_AuthorInfo] 城推出全新 F 系列，定位智能化、科技化、年轻化， 与 H 系联合出击，巩 固公司在 10-15 万元 SUV 市场的地位。同时，持续提升发动机、变速器等核 心部件的正向开发能力，动力特性与油耗表现持续改善。我们认为，F 系列 将为公司贡献未来 3-4 年的核心增量。 盈利预测与投资建议。我们预计公司 2019-2021 年对应 EPS 为 0.62 元、0.80 分析师:王猛 元、1.00 元，综合参考整车相关标的，考虑公司是 SUV 细分领域龙头、新 Tel:(021)23154017 增 F 系列具备较大销量及利润弹性、且作为纯自主品牌具备较大估值弹性， Email:[email protected] 给予公司 2019 年 PEG 0.87-0.96 水平，对应 18-20 倍 PE，合理价值区间为 证书:S0850517090004 11.16-12.40 元，首次覆盖给予“优于大市”评级。 分析师:杜威 Tel:(0755)82900463 风险提示。汽车行业景气度波动。F 系列销量爬坡低于预期。公司加大产品 Email:[email protected]
    [Show full text]