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On September 18, LatePost quoted multiple independent sources as saying that Wu Wenguang, senior vice president of Huaqin Technology and managing director of Che BG, had left his post in August this year, just seven months after he took up the position in January this year.
Wu Wenguang has extensive influence and deep experience in the automotive supply chain industry. He received his bachelor's degree in polymer from Tongji University and his Ph.D. in industrial economics from the Shanghai Academy of Social Sciences. Prior to joining Huaqin Technology, Wu Wenguang served as the CEO of Thunderstar and the Chinese General Manager of Yanfeng Automotive Interior Systems Co., Ltd., accumulating more than 20 years of experience in the automotive industry and corporate management. These experiences have made him a seasoned industry expert with a deep understanding of market trends, technology dynamics, and business management.
Founded in 2005, Huaqin Technology is mainly engaged in ODM (Original Design Manufacturer), covering multiple smart hardware fields such as smartphones and laptops. With excellent R&D, design and procurement capabilities, Huaqin Technology has won the trust of many well-known customers at home and abroad, such as Samsung, OPPO, and Xiaomi. Last year, Huaqin Technology successfully became one of the world's largest smartphone ODM companies. In recent years, with the vigorous development of the automotive electronics market, Huaqin Technology has also begun to actively deploy in this field, and since the establishment of the automotive electronics business R&D team in 2018, it has continuously increased investment, and began to promote related businesses on a large scale in 2021. At present, Huaqin Technology has launched a number of automotive electronic products, including intelligent gateways and in-cabin entertainment systems, demonstrating its ambitions in this field.
In the first half of this year, Huaqin's automotive electronics and industrial products business achieved revenue of 640 million yuan, accounting for 1.73% of the main business income, a year-on-year increase of 102%. Huaqin said that the automotive electronics business has achieved a comprehensive layout in the four major product areas of intelligent cockpit, intelligent cockpit, intelligent network and intelligent vehicle control, and the CM manufacturing service model and JDM joint development model provide OEMs with more flexible choices. At the same time, the self-designed multi-platform and adaptive cockpit software system has been recognized by mainstream OEMs, increasing the opportunities for cooperation with domestic and foreign OEMs.
Wu Wenguang's resignation undoubtedly brought a certain shock to Huaqin Technology. As the Managing Director of Huaqin Technology Group, he has played an important role in the strategic planning, market demand analysis and internal technical roadmap refinement of Huaqin Technology's automotive business. His departure may temporarily affect the stability and continuity of Huaqin Technology's automotive business, especially in the context of rapid market changes and intensified competition. However, as an enterprise with strong R&D strength and deep industry accumulation, Huaqin Technology believes that it can quickly adjust its strategy to meet this challenge.
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