Published: June 24th, 2024,
Last updated: May 27th, 2025
Wang Xiaoqiu, currently President of China’s largest state-owned car manufacturer SAIC, will become Chairman of the group. He succeeds Chen Hong, who has held the position since 2014 and is retiring. Jia Jianxu, currently Vice President, is expected to become the new President. The restructuring of the management team is taking place against the backdrop of weakening sales on the domestic market and the threat of tariff increases in the EU, a key market for the company’s overseas expansion plans.