Wang Chuanfu talks about Jia Yueting's car manufacturing: The road is difficult and there is a long way to go

On August 19, Pan Shiyi, Chairman and Co-founder of SOHO China, and Wang Chuanfu, Founder, Chairman and President of BYD Co., Ltd., met at the "Pan Talks". When asked how he evaluated Jia Yueting's car-making, Wang Chuanfu replied that new forces in car-making are good for the industry, but their road is still quite difficult.

Wang Chuanfu said, "As an automobile manufacturer, we should not comment on our peers. However, it is a good thing for new car-making forces to enter the traditional car-making field, but there is still a long way to go, because the complexity of the car, especially after the Internet enters the new car-making forces, this complexity is definitely much more difficult than they imagined.

The second is the product cycle. The product cycle of a car is very long. For example, it takes at least four years to develop a new platform. There are almost 10,000 parts in the car. The competition is very fierce now. In fact, the market gives you very few opportunities, maybe only once at most. If you fail to seize this product cycle and this product window, you may die.

Since product cycles are long, investors won’t give you too much time to wait. The Internet cycle is short, and product iterations are fast. It may take me a day or a week to modify a software or fix a bug, and it may take me a month or two to design and complete a product.

Cars are different. I just introduced to Mr. Pan in the car that there are 10,000 parts in our car. The mold of a door weighs 30 tons. It takes 5-6 months for the machining center to process it. The cycle of modification is 5 to 6 months. One is a one-week adjustment cycle, and the other is a six-month adjustment cycle. The whole cycle is very long.

China's venture capital is still quite active, which is a good thing, but we need to give these new car-making forces some time, wait, and be tolerant enough for them to make mistakes. The window period for new energy car manufacturing is getting shorter and shorter, and we believe that the road ahead for these new forces is still quite difficult.

Of course, BYD has more than ten years of experience in car manufacturing. We have taken some detours along the way. We have won the global new energy vehicle sales champion for three consecutive years. Especially from January to June this year, our demand suddenly increased. We feel that it is relying on the endorsement of the brand. We recently launched a Yuan EV, and we received a large order as soon as the prototype was launched. It was thanks to the endorsement of our battery, motor, and electronic control brands that we received such good orders.

We recently launched the second-generation Tang, which Mr. Pan rode today. The price of this car is 250,000 to 300,000 yuan. It is a dual-mode electric car. We have received orders for 20,000 units. The price of 250,000 yuan is still a ceiling for domestic brands. I think it has something to do with our accumulation in recent years. If we had not accumulated these years, without the core battery, motor and electronic control technology, it would be difficult for us to get so many orders. Therefore, we want to say that the impact of new car-making forces on the automotive industry is far-reaching and helpful, but it is also very difficult. "

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.