Idea lost a month's salary, but laid off my "idea"


2022-05-14: [Article Link New cars in the wind are slowing down. Towards graduation in May, graduates who had been recruited through Li Auto in 2022 were suddenly notified of the “break of the contract” and many of them had signed a tripartite agreement to take up their posts. According to the weekly Finance World magazine, the majority of those who are now ideal candidates for transfer are graduate students, and undergraduates are more “destroyed”; in some branches of the business sector, school enrolments throughout the sector are dismissed. More than ideal, XPeng had also been exposed to the dissolution of his life, and he became the first stop for a new car company to step down a brake. Author / Hong Yong-ki Han Ling On 11 May, users in a workplace social software explosion reported that Li Auto had “destroyed” part of the 2022 schools in May. The user claimed that the destroyed contract was “not a few people, but dozens of people in a multi-sector” and that he himself, after recruiting through Li (Li Auto) in the autumn of 2021, had rejected a number of offers from other companies. Also admitted to Li (Li Auto) through the fall school, there was another 2022-year-old student, Li Yi Xiao, “I entered the company two months earlier. Li Yijun told the weekly Journal of the Economy that, during his internship, he had no idea of the company's intention to abolish the students, and that “I finished my internship in May and was notified of the release of the contract as soon as I returned to school to prepare a reply (graduation paper). On the morning of 11 May, Li Yi Xiao received an e-mail from the sender entitled “Li Auto” entitled “Replacement Notice for School Recruitment.” In the afternoon of the same day, a call for settlement and compensation was made to his cell phone. In response to this, Li (Li Auto) officially confirmed this information to the weekly Financial Times, which stated: “Li Auto has recently been restructured and some posts have been closed, involving some of the school enrolment partners who have not yet taken up their posts this year.” Source/Visual China “To take into account information on professional and job orientations, relevant students have been recommended for other business positions, re-interviews have been conducted, and compensation for one month's salary will be provided to students who do not have suitable posts. Li (Li Auto) replied that, as a result of the changes brought about by the restructuring of its operations, “we are also deeply sorry” and that the compensation scheme for one month's salary “exceeds the amount of the contractual default amount signed in the agreement”. As to the direction of the “closed” posts, Li (Li Auto) indicated that it would not be possible to inform. According to Li Yijun, there are not a few of those who have experienced this experience, and most undergraduates are directly “refused”. “It's really hard to find a job now that the spring job is largely closed.” Unconditional emails with no sign In recent days, “Li Auto” has become a topical topic for TOP 1 at a workplace exchange platform. An inside map of the QQ group, which is circulating on the web end, shows that Li (Li Auto) consistently informs all members of the group that “students, as a result of the recent restructuring of the operational structure of Li (Li Auto), a small number of school enrolment partners who have not yet done so may face reassignment interviews or terminations. “This group was opened up by mail when it got to the company's offer.” In response, a college student who passed Li Auto's 2022 school year told the weekly “Bizno” that, after the announcement, because of excessive discussion, the group was quickly banned. However, the percentage of “small” students enrolled in some of the desirable 2022 schools is not accepted. Li Yi Xiang told the weekly magazine “The World of Finance” that, according to his knowledge, this round of school enrolments involved jobs such as “enterprise systems” and “numeracy”. “In the case of my department, where the number of places was 30, the news is that only 10 places have been reserved.” Li Yi Xiang claims that one branch of the business sector as a whole has been dismissed. On 12 May, within a group of more than 70 students from Li Auto, WeChat, a group of over 70 students, a group vote was launched, showing that more than half of the members of the group received a “dissolution notice” following the “lost contract” incident. In response to this, Li (Li Auto) responded to the weekly issue of "The World of Finance", “in view of the inconvenience that may be caused to these students in finding a new job, we have offered a programme of reassignment options and settlement of contract compensation, and communication with the students concerned is ongoing”. But Li Yijun claims that he did not have the opportunity to transfer, but that he was “directly released and suddenly received an e-mail without any sign”. In that e-mail, the sender of "Li Auto" said, "We've been looking for other jobs for you internally as far as possible, but it's regrettable that there's no matching of your posts in the company." “This campus offers a transfer opportunity at the P4 level, and most of the P3 level is directly terminated.” A Li (Li Auto) student at the 2022nd school year told the weekly Journal of the Economy, the division between P3 and P4 is based on the fact that the former are undergraduates and the latter are graduate students. The chances of a successful transfer are also low. On 13 May, according to the weekly edition of the Economy of Finance, most of the candidates who had been given the opportunity to transfer completed the interview.The weekly edition of the Economy of Finance obtained numerous inter-group screenshots showing that several of the students who had participated in the transfer interviews had indicated that the transfer had been followed by technical indiscretions and by “technical differences” and that “the transfer of Java students to posts C” and “arithmetic has turned into development”. “The transfer failed, however, and was also paid a month's salary under a direct settlement compensation programme.” Li Yi Xiang told the weekly Journal of the Economy. Indeed, Li (Li Auto) has a high salary level in the industry, which is one of the reasons that attracts many of his peers to opt out of other offers. In 2022, Li (Li Auto) offered undergraduates a monthly salary of more than 15K to two non-collèges, at a social platform in the workplace, a level that was returned to a high salary by a number of insiders from traditional autonomous branding companies. Source/Visual China As business evolves, Li (Li Auto) has experienced a dramatic expansion in the number of employees over the past year. According to the Li (Li Auto) Campus Recruitment Website, Li (Li Auto) 2022 Campus Recruitment involves a number of job directions such as “Car R & D”, “ Supply Chains”, “Producing Manufacturing,” “Auto-Driving,” “Market and Sales Services.” But in 2022, there was a diversion. Long before this round, Li Auto was released in April this year as a “retrenchment wave.” At the time of the incident, there were reports that Li (Li Auto)'s downsizing plan had been included in the last article of the ideal founder Li Xin Q2 OKR (second-quarter goal and key results) and that the reduction rate was expected to be 15 per cent. In response, Li (Li Auto) responded to the weekly issue of "The World of Finance", and Li (Li Auto) did not have a large-scale downsizing plan, “This is a false message”. During the two-month period of the internship, Li Yi Yi-chung also did not detect a “companies' tendency to lay off”. He observed that the overall number of employees in the company had not changed significantly from the beginning of the internship to the end of its term. In response, it was reported that this round of “renewals” had been largely abolished in support of functional and non-core posts. One of the ideal candidates for the 2022th session told the weekly Journal of the Economy and Finance that the Enterprise Systems Department he had joined did not really count as a core position in the Li (Li Auto) system. “After all, a company can buy someone else's or outsource it.” In addition, there is a perception in the industry that, when cost savings become important, hard-earned school enrolment becomes the first candidate for “reconciling change”. At present, Li Yijun has sent the “consensual release” of the letter and is awaiting follow-up communication from the business side. New car recruitment has contracted, starting with the school. In the new car industry, it is not only ideal to “open” schools. Indeed, since February of this year, there have been reports that students have been cut off on their job-seeking software. According to an e-mail, they have been interviewed for less than a year, and many students in the same department have been cut off. “When so many students were enrolled, they were trained, and all the students were cut off.” The destruction of contracts and layoffs are linked to the rapid expansion of these new cars in the last few years. In 2021, the number of “small employees” increased dramatically, with the total number of three last year's employees increasing by nearly 18,000 compared to the previous year. The data show that last year’s ideal number of employees surged to 11,900, an increase of 185% over the previous year, and about 7,700 more than a year. Three years ago, in 2018, the ideal number of employees was only 1,500. XPeng and NIO have even more staff than they would have been. The total number of XPeng employees in 2020 was 5084 and, as of 31 December 2021, the number of employees exceeded 13,900. NIO, on the other hand, has the largest number of employees in the three households, with fewer than 7,800 employees in 2020 and 15,000 in 2021, an increase of 7441 compared to the same period in the previous year, an increase of 96 per cent over the same period. In terms of the functional classification of employees, these new cars have increased their workforce mainly in software development, marketing, etc. It is desirable to increase the number of R&D staff in 2021 by 1991 compared to the same period in the previous year, and the number of sales and marketing personnel by 4,456 compared to the same period in the previous year, with a significant increase in the latter. In response, the headhunters serving the new car industry told the weekly Finance World magazine that, although the number of newly recruited staff has been reduced, the overall size of the new car enterprise, represented by “slightness”, has not changed much, nor has there been a downsizing similar to that of some Internet companies. In addition, there has been a change in the direction of recruitment in these enterprises, for example, core R & D is still being recruited, financial, legal and other functions, as well as marketing, where recruitment has been relatively static in previous years. In addition, non-core R & D sectors, which can be outsourced individually, have begun to be scaled down, and new car manufacturers have become more interested in skilled and experienced personnel. According to the information from the first spring campaign released earlier on the ideal model for continuing recruitment of research and development posts, such as software algorithms, in a search-for-job APP, it is now ideal to recruit people in the direction of automobile research and development, supply-chain management, manufacturing, marketing and services, smart information and technology, and autopilot, for a total of more than 800 jobs, with more than 1,500 recruits. It is worth noting that while school enrolments are being cut, the ideal is still to recruit a number of jobs related to software algorithms. Several job-seekers have posted that several hunters last month recommended them for the ideal algorithm, at the P7/P8 level, and that the treatment offered is highly attractive. One of the job seekers then went to NIO, where he said, “The chip-related job here is also being recruited, and research and development is paying a lot of money.” So, whether ideal or XPeng, they've been attracting core technical talent at a higher price when the cost of “costs” is smaller. The above-mentioned hunters told the weekly Finance World magazine that the average car’s high-priced research and development team does not reduce its pay and talent needs. Moreover, the treatment of researchers and development staff in core areas is now increasing as traditional car companies simultaneously improve their treatment of technicians. Source/Visual China This can also be seen from the financial reporting data of the three “simultaneous” companies, where research and development investment is increasing, even if human costs are reduced, optimized only in-house management, administration and some more marginal sectors of the company. But behind the contraction in the size of the team, there is also a positive signal that the power of new cars has gradually expanded from the barbarous past to a large-scale expansion of the line of operations to a streamlined and efficient management of team operations. Out of the barbarism of expansion, the new car runs through the winter? The financial report for the first quarter of 2022, ideally issued just one day before the enrolment at the demolition school, showed that Li (Li Auto) had achieved operating income of $9.56 billion over the reporting period, an increase of 167.5 per cent over the same period, a decrease of 10 per cent in the ring ratio and a net loss of 109 million Yuan. During the quarter, the ideal car-rich ratio was significantly higher, at 22.4 per cent, compared to the same period the previous year, but there was also a significant increase in R & D and automobile sales, general and administrative costs. The ideal explanation for this is that the increase in the Māori rate is mainly due to higher average sales prices as a result of increased delivery, while the increase in expenditure is due to new vehicle R&D activities, higher remuneration of R&D staff and an expanded company sales network. However, what is desirable today is that recruitment be directed to more experienced and efficient staff, rather than to “displaced people” who are unable to perform in the company. Last month, when the ideal fell into layoffs, an ideal employee said that since this year, companies have been emphasizing the word “human effectiveness” from the top to the bottom. “Any sector where work is inefficient and results are not achieved for a long period of time, employees are to be eliminated.” He denied the rumour that last month’s ideal layoffs were 15%, and, under the ideal concept of “human effectiveness,” he felt that it was more like an intra-company optimization. At the end of sales, for example, the company set very clear “rules of the game” in which staff members would enter the coaching period if they failed to perform for several months in a row, and in the interim, they would remain unenhanced and would simply be cut off. “Don’t worry about people touching their fish. Last year, the ideal developed an internal control system, what employees did, whether they faked it or not, and the top leaders knew everything. The ideal concept of “human effectiveness” helps to improve the efficiency of corporate team management; more importantly, the culture behind this concept is also reflected in the way in which new cars are “reduced efficiency”. Over 280,000 vehicles were delivered by the three “Uji” units in aggregate last year, of which 91,000, XPeng 98,000 and the ideal 90,000 were sold throughout the year, all of which are close to 100,000. Although market sales data have doubled in comparison with the previous two years, new car manufacturers are still caught in the “lost-to-buy” trap, with three cumulative losses exceeding $9.2 billion. Source/Visual China The financial statements showed that NIO and XPeng had the lowest losses compared to their annual revenues of $27.1 billion in the ideal year 2021, but for R & D and sales management expenditures, expenditure in the ideal year 2021 was $3.296 billion and $3.492 billion respectively, an increase of 198.8 per cent and 212.1 per cent, respectively. The desired increase in spending is related to the significant increase in the number of employees last year and to marketing costs and promotional activities. In 2021, the ideal number of active employees was approximately 11,900, with a total salary of $3.48 billion, an increase of 237 per cent over the previous year, with a per capita salary cost of 292,000 Yuan. This year, the ideal spending levels have continued to increase significantly, but under the influence of the larger environment and supply-chain shortages, the ideal has had to tighten the belt further on its original basis for the winter. Since March of this year, the vehicle industry in Shanghai and the surrounding region has been in a state of “stopping”, with a shortage of imported parts and components and a lack of timely supply from the suppliers of domestically produced parts and components in the long triangle. The Secretary-General of the Federation, Choi Dong-gi, stated that the complete shutdown and shutdown of many vendors had resulted in the digestion of existing spare parts stocks, which had a direct impact on the production and consumption end of the vehicle enterprise. As a result of the impact of supply-chain shortages, there was a significant decline in delivery in the ideal month of April, with only 4,167 vehicles delivered in April, a decrease of 22.77 per cent compared to the previous month, and a 62.23 per cent decline in the ring compared to the previous month. In response, the co-founder and Managing Director of Li Auto, Shen Yanan, stated that the ideal Changzhou base and more than 80 per cent of the spare parts suppliers were located in the long triangle area, that some suppliers located in areas such as Shanghai and Jiangsukunshan were unable to supply, and that some of the suppliers had even stopped work altogether. While areas such as Shanghai have now gradually resumed work, the crisis has not, ideally, come to an end. The desired two-quarter delivery and income guidelines at the accounting conference are now difficult to complete, and even double-digit drops in the ring. She claims that Li (Li Auto) now has sufficient hand orders, but the greatest risk is the supplier's production situation. “The difficulties are still very serious, and many suppliers are unable to resume work quickly, and there are positive indications in aggregate, but there are still risks.” The supply-chain crisis, which cannot be resolved in a short period of time, has made the ideal swifter and more decisive in implementing the throes. From last month’s layoffs to today’s defunct school enrolments, new car firms, including ideal ones, try to reduce efficiency gains through “internal brakes.” But this simple and brutal way has forced young job-seekers to re-examine the offer from the new car.


Note: This is a translated version of the Chinese news media article. A mature and nuanced reading is suggested.



Trending News

What China Reads


Idea lost a month's salary, but laid off my "idea"


2022-05-14: [Article Link New cars in the wind are slowing down. Towards graduation in May, graduates who had been recruited through Li Auto in 2022 were suddenly notified of the “break of the contract” and many of them had signed a tripartite agreement to take up their posts. According to the weekly Finance World magazine, the majority of those who are now ideal candidates for transfer are graduate students, and undergraduates are more “destroyed”; in some branches of the business sector, school enrolments throughout the sector are dismissed. More than ideal, XPeng had also been exposed to the dissolution of his life, and he became the first stop for a new car company to step down a brake. Author / Hong Yong-ki Han Ling On 11 May, users in a workplace social software explosion reported that Li Auto had “destroyed” part of the 2022 schools in May. The user claimed that the destroyed contract was “not a few people, but dozens of people in a multi-sector” and that he himself, after recruiting through Li (Li Auto) in the autumn of 2021, had rejected a number of offers from other companies. Also admitted to Li (Li Auto) through the fall school, there was another 2022-year-old student, Li Yi Xiao, “I entered the company two months earlier. Li Yijun told the weekly Journal of the Economy that, during his internship, he had no idea of the company's intention to abolish the students, and that “I finished my internship in May and was notified of the release of the contract as soon as I returned to school to prepare a reply (graduation paper). On the morning of 11 May, Li Yi Xiao received an e-mail from the sender entitled “Li Auto” entitled “Replacement Notice for School Recruitment.” In the afternoon of the same day, a call for settlement and compensation was made to his cell phone. In response to this, Li (Li Auto) officially confirmed this information to the weekly Financial Times, which stated: “Li Auto has recently been restructured and some posts have been closed, involving some of the school enrolment partners who have not yet taken up their posts this year.” Source/Visual China “To take into account information on professional and job orientations, relevant students have been recommended for other business positions, re-interviews have been conducted, and compensation for one month's salary will be provided to students who do not have suitable posts. Li (Li Auto) replied that, as a result of the changes brought about by the restructuring of its operations, “we are also deeply sorry” and that the compensation scheme for one month's salary “exceeds the amount of the contractual default amount signed in the agreement”. As to the direction of the “closed” posts, Li (Li Auto) indicated that it would not be possible to inform. According to Li Yijun, there are not a few of those who have experienced this experience, and most undergraduates are directly “refused”. “It's really hard to find a job now that the spring job is largely closed.” Unconditional emails with no sign In recent days, “Li Auto” has become a topical topic for TOP 1 at a workplace exchange platform. An inside map of the QQ group, which is circulating on the web end, shows that Li (Li Auto) consistently informs all members of the group that “students, as a result of the recent restructuring of the operational structure of Li (Li Auto), a small number of school enrolment partners who have not yet done so may face reassignment interviews or terminations. “This group was opened up by mail when it got to the company's offer.” In response, a college student who passed Li Auto's 2022 school year told the weekly “Bizno” that, after the announcement, because of excessive discussion, the group was quickly banned. However, the percentage of “small” students enrolled in some of the desirable 2022 schools is not accepted. Li Yi Xiang told the weekly magazine “The World of Finance” that, according to his knowledge, this round of school enrolments involved jobs such as “enterprise systems” and “numeracy”. “In the case of my department, where the number of places was 30, the news is that only 10 places have been reserved.” Li Yi Xiang claims that one branch of the business sector as a whole has been dismissed. On 12 May, within a group of more than 70 students from Li Auto, WeChat, a group of over 70 students, a group vote was launched, showing that more than half of the members of the group received a “dissolution notice” following the “lost contract” incident. In response to this, Li (Li Auto) responded to the weekly issue of "The World of Finance", “in view of the inconvenience that may be caused to these students in finding a new job, we have offered a programme of reassignment options and settlement of contract compensation, and communication with the students concerned is ongoing”. But Li Yijun claims that he did not have the opportunity to transfer, but that he was “directly released and suddenly received an e-mail without any sign”. In that e-mail, the sender of "Li Auto" said, "We've been looking for other jobs for you internally as far as possible, but it's regrettable that there's no matching of your posts in the company." “This campus offers a transfer opportunity at the P4 level, and most of the P3 level is directly terminated.” A Li (Li Auto) student at the 2022nd school year told the weekly Journal of the Economy, the division between P3 and P4 is based on the fact that the former are undergraduates and the latter are graduate students. The chances of a successful transfer are also low. On 13 May, according to the weekly edition of the Economy of Finance, most of the candidates who had been given the opportunity to transfer completed the interview.The weekly edition of the Economy of Finance obtained numerous inter-group screenshots showing that several of the students who had participated in the transfer interviews had indicated that the transfer had been followed by technical indiscretions and by “technical differences” and that “the transfer of Java students to posts C” and “arithmetic has turned into development”. “The transfer failed, however, and was also paid a month's salary under a direct settlement compensation programme.” Li Yi Xiang told the weekly Journal of the Economy. Indeed, Li (Li Auto) has a high salary level in the industry, which is one of the reasons that attracts many of his peers to opt out of other offers. In 2022, Li (Li Auto) offered undergraduates a monthly salary of more than 15K to two non-collèges, at a social platform in the workplace, a level that was returned to a high salary by a number of insiders from traditional autonomous branding companies. Source/Visual China As business evolves, Li (Li Auto) has experienced a dramatic expansion in the number of employees over the past year. According to the Li (Li Auto) Campus Recruitment Website, Li (Li Auto) 2022 Campus Recruitment involves a number of job directions such as “Car R & D”, “ Supply Chains”, “Producing Manufacturing,” “Auto-Driving,” “Market and Sales Services.” But in 2022, there was a diversion. Long before this round, Li Auto was released in April this year as a “retrenchment wave.” At the time of the incident, there were reports that Li (Li Auto)'s downsizing plan had been included in the last article of the ideal founder Li Xin Q2 OKR (second-quarter goal and key results) and that the reduction rate was expected to be 15 per cent. In response, Li (Li Auto) responded to the weekly issue of "The World of Finance", and Li (Li Auto) did not have a large-scale downsizing plan, “This is a false message”. During the two-month period of the internship, Li Yi Yi-chung also did not detect a “companies' tendency to lay off”. He observed that the overall number of employees in the company had not changed significantly from the beginning of the internship to the end of its term. In response, it was reported that this round of “renewals” had been largely abolished in support of functional and non-core posts. One of the ideal candidates for the 2022th session told the weekly Journal of the Economy and Finance that the Enterprise Systems Department he had joined did not really count as a core position in the Li (Li Auto) system. “After all, a company can buy someone else's or outsource it.” In addition, there is a perception in the industry that, when cost savings become important, hard-earned school enrolment becomes the first candidate for “reconciling change”. At present, Li Yijun has sent the “consensual release” of the letter and is awaiting follow-up communication from the business side. New car recruitment has contracted, starting with the school. In the new car industry, it is not only ideal to “open” schools. Indeed, since February of this year, there have been reports that students have been cut off on their job-seeking software. According to an e-mail, they have been interviewed for less than a year, and many students in the same department have been cut off. “When so many students were enrolled, they were trained, and all the students were cut off.” The destruction of contracts and layoffs are linked to the rapid expansion of these new cars in the last few years. In 2021, the number of “small employees” increased dramatically, with the total number of three last year's employees increasing by nearly 18,000 compared to the previous year. The data show that last year’s ideal number of employees surged to 11,900, an increase of 185% over the previous year, and about 7,700 more than a year. Three years ago, in 2018, the ideal number of employees was only 1,500. XPeng and NIO have even more staff than they would have been. The total number of XPeng employees in 2020 was 5084 and, as of 31 December 2021, the number of employees exceeded 13,900. NIO, on the other hand, has the largest number of employees in the three households, with fewer than 7,800 employees in 2020 and 15,000 in 2021, an increase of 7441 compared to the same period in the previous year, an increase of 96 per cent over the same period. In terms of the functional classification of employees, these new cars have increased their workforce mainly in software development, marketing, etc. It is desirable to increase the number of R&D staff in 2021 by 1991 compared to the same period in the previous year, and the number of sales and marketing personnel by 4,456 compared to the same period in the previous year, with a significant increase in the latter. In response, the headhunters serving the new car industry told the weekly Finance World magazine that, although the number of newly recruited staff has been reduced, the overall size of the new car enterprise, represented by “slightness”, has not changed much, nor has there been a downsizing similar to that of some Internet companies. In addition, there has been a change in the direction of recruitment in these enterprises, for example, core R & D is still being recruited, financial, legal and other functions, as well as marketing, where recruitment has been relatively static in previous years. In addition, non-core R & D sectors, which can be outsourced individually, have begun to be scaled down, and new car manufacturers have become more interested in skilled and experienced personnel. According to the information from the first spring campaign released earlier on the ideal model for continuing recruitment of research and development posts, such as software algorithms, in a search-for-job APP, it is now ideal to recruit people in the direction of automobile research and development, supply-chain management, manufacturing, marketing and services, smart information and technology, and autopilot, for a total of more than 800 jobs, with more than 1,500 recruits. It is worth noting that while school enrolments are being cut, the ideal is still to recruit a number of jobs related to software algorithms. Several job-seekers have posted that several hunters last month recommended them for the ideal algorithm, at the P7/P8 level, and that the treatment offered is highly attractive. One of the job seekers then went to NIO, where he said, “The chip-related job here is also being recruited, and research and development is paying a lot of money.” So, whether ideal or XPeng, they've been attracting core technical talent at a higher price when the cost of “costs” is smaller. The above-mentioned hunters told the weekly Finance World magazine that the average car’s high-priced research and development team does not reduce its pay and talent needs. Moreover, the treatment of researchers and development staff in core areas is now increasing as traditional car companies simultaneously improve their treatment of technicians. Source/Visual China This can also be seen from the financial reporting data of the three “simultaneous” companies, where research and development investment is increasing, even if human costs are reduced, optimized only in-house management, administration and some more marginal sectors of the company. But behind the contraction in the size of the team, there is also a positive signal that the power of new cars has gradually expanded from the barbarous past to a large-scale expansion of the line of operations to a streamlined and efficient management of team operations. Out of the barbarism of expansion, the new car runs through the winter? The financial report for the first quarter of 2022, ideally issued just one day before the enrolment at the demolition school, showed that Li (Li Auto) had achieved operating income of $9.56 billion over the reporting period, an increase of 167.5 per cent over the same period, a decrease of 10 per cent in the ring ratio and a net loss of 109 million Yuan. During the quarter, the ideal car-rich ratio was significantly higher, at 22.4 per cent, compared to the same period the previous year, but there was also a significant increase in R & D and automobile sales, general and administrative costs. The ideal explanation for this is that the increase in the Māori rate is mainly due to higher average sales prices as a result of increased delivery, while the increase in expenditure is due to new vehicle R&D activities, higher remuneration of R&D staff and an expanded company sales network. However, what is desirable today is that recruitment be directed to more experienced and efficient staff, rather than to “displaced people” who are unable to perform in the company. Last month, when the ideal fell into layoffs, an ideal employee said that since this year, companies have been emphasizing the word “human effectiveness” from the top to the bottom. “Any sector where work is inefficient and results are not achieved for a long period of time, employees are to be eliminated.” He denied the rumour that last month’s ideal layoffs were 15%, and, under the ideal concept of “human effectiveness,” he felt that it was more like an intra-company optimization. At the end of sales, for example, the company set very clear “rules of the game” in which staff members would enter the coaching period if they failed to perform for several months in a row, and in the interim, they would remain unenhanced and would simply be cut off. “Don’t worry about people touching their fish. Last year, the ideal developed an internal control system, what employees did, whether they faked it or not, and the top leaders knew everything. The ideal concept of “human effectiveness” helps to improve the efficiency of corporate team management; more importantly, the culture behind this concept is also reflected in the way in which new cars are “reduced efficiency”. Over 280,000 vehicles were delivered by the three “Uji” units in aggregate last year, of which 91,000, XPeng 98,000 and the ideal 90,000 were sold throughout the year, all of which are close to 100,000. Although market sales data have doubled in comparison with the previous two years, new car manufacturers are still caught in the “lost-to-buy” trap, with three cumulative losses exceeding $9.2 billion. Source/Visual China The financial statements showed that NIO and XPeng had the lowest losses compared to their annual revenues of $27.1 billion in the ideal year 2021, but for R & D and sales management expenditures, expenditure in the ideal year 2021 was $3.296 billion and $3.492 billion respectively, an increase of 198.8 per cent and 212.1 per cent, respectively. The desired increase in spending is related to the significant increase in the number of employees last year and to marketing costs and promotional activities. In 2021, the ideal number of active employees was approximately 11,900, with a total salary of $3.48 billion, an increase of 237 per cent over the previous year, with a per capita salary cost of 292,000 Yuan. This year, the ideal spending levels have continued to increase significantly, but under the influence of the larger environment and supply-chain shortages, the ideal has had to tighten the belt further on its original basis for the winter. Since March of this year, the vehicle industry in Shanghai and the surrounding region has been in a state of “stopping”, with a shortage of imported parts and components and a lack of timely supply from the suppliers of domestically produced parts and components in the long triangle. The Secretary-General of the Federation, Choi Dong-gi, stated that the complete shutdown and shutdown of many vendors had resulted in the digestion of existing spare parts stocks, which had a direct impact on the production and consumption end of the vehicle enterprise. As a result of the impact of supply-chain shortages, there was a significant decline in delivery in the ideal month of April, with only 4,167 vehicles delivered in April, a decrease of 22.77 per cent compared to the previous month, and a 62.23 per cent decline in the ring compared to the previous month. In response, the co-founder and Managing Director of Li Auto, Shen Yanan, stated that the ideal Changzhou base and more than 80 per cent of the spare parts suppliers were located in the long triangle area, that some suppliers located in areas such as Shanghai and Jiangsukunshan were unable to supply, and that some of the suppliers had even stopped work altogether. While areas such as Shanghai have now gradually resumed work, the crisis has not, ideally, come to an end. The desired two-quarter delivery and income guidelines at the accounting conference are now difficult to complete, and even double-digit drops in the ring. She claims that Li (Li Auto) now has sufficient hand orders, but the greatest risk is the supplier's production situation. “The difficulties are still very serious, and many suppliers are unable to resume work quickly, and there are positive indications in aggregate, but there are still risks.” The supply-chain crisis, which cannot be resolved in a short period of time, has made the ideal swifter and more decisive in implementing the throes. From last month’s layoffs to today’s defunct school enrolments, new car firms, including ideal ones, try to reduce efficiency gains through “internal brakes.” But this simple and brutal way has forced young job-seekers to re-examine the offer from the new car.

Note: This is a translated version of the Chinese news media article. A mature and nuanced reading is suggested.

Related Articles

New energy vehicles continue to develop momentum

2022-05-16: More recently, Covid-19 Pandemic has been distributed in the country, affecting the production and marketing of automobiles. On 11 May, the Chinese Auto-Industries Association released data showing that 769,000 and 769,000 vehicles were sold in the first four months of the year, a 10.5% and 12.1%…  

After the ideal car broke the contract, those helpless graduates

2022-05-17: If you don't get up, you trip. Reporter/ Consort to Regherville Liu Ying Editor/ Insulting A month before graduation, Li (Li Auto) gave many students a hammer. In mid-May, the spring recruitment was closed, job opportunities were difficult to find and schools were unable to help. “All the…  

Related Articles

New energy vehicles continue to develop momentum

2022-05-16: More recently, Covid-19 Pandemic has been distributed in the country, affecting the production and marketing of automobiles. On 11 May, the Chinese Auto-Industries Association released data showing that 769,000 and 769,000 vehicles were sold in the first four months of the year, a 10.5% and 12.1%…  

After the ideal car broke the contract, those helpless graduates

2022-05-17: If you don't get up, you trip. Reporter/ Consort to Regherville Liu Ying Editor/ Insulting A month before graduation, Li (Li Auto) gave many students a hammer. In mid-May, the spring recruitment was closed, job opportunities were difficult to find and schools were unable to help. “All the…