Introducing 'strong support': It is reported that Li Bo, the former director of Huawei's intelligent car selection product department, has been appointed as the vice president of Thalys Group

News from this site on March 5, according to the car media "HiEV Garlic Car Research Institute" citing multiple sources, Cyrus Automobile Manufacturing has recently introduced an industry leader—— Li Bo, the former director of Huawei's intelligent car selection product department, has been appointed as the vice president of Thalys Group.

According to reports, Li Bo is a veteran who has served Huawei for many years and has been working in Huawei’s terminal ecosystem for a long time. In the Huawei system, the product department director is equivalent to the product line president and is responsible for product planning, research and development, and business operations. While working for Huawei, Li Bo reported to the President of Huawei Terminal BG Intelligent Car Selection Business Department.

Informed sources said that with the rapid growth of brands such as Wenjie and Landian in 2023, Salys has expanded to about 20,000 people. At present, Cyrus has not announced the specific business jurisdiction of this new big star. Li Bo’s joining is related to Cyrus’s rapid expansion of product territory and overseas plans.

According to previous reports on this site, Cyrus announced on January 24: According to preliminary calculations by the financial department, it is expected to achieve operating income of 35.5 billion yuan to 36.5 billion yuan in 2023, a year-on-year increase of 4.09% to 7.02% . It is expected that the net loss in 2023 will be 2.1 billion yuan-2.7 billion yuan, which will be a year-on-year loss.

The announcement stated that the R&D investment in core technologies and products for high-end smart electric vehicles is relatively high, resulting in an increase in R&D expenses and labor costs, which will affect the current performance. Sales were sluggish in the first three quarters, and fixed expenses and related expenses were high, which affected the current performance. In the fourth quarter, the volume of Wenjie M7 increased and Wenjie M9 was launched, and the company’s profitability is expected to be further enhanced.

The February production and sales report shows that Cyrus’s new energy vehicle production in February 2024 was 32,273 units, a year-on-year increase of 257.64%, and its sales volume was 30,257 units, a year-on-year increase of 360.04%.

In the first two months of this year, Cyrus’ new energy vehicle production totaled 71,020 units, a year-on-year increase of 390.64%, and sales totaled 67,095 units, a year-on-year increase of 485.37%.

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