WM Motor's Shen Hui talks about talents: 1 million can't recruit a good mathematician

On June 7 (the first day of the college entrance examination), Shen Hui, founder, chairman and CEO of WM Motor, said on the topic of "who the auto industry is robbing" that the talent shortage problem faced by the auto industry is ultimately the overall "talent pool". insufficient problem.

Shen Hui pointed out that robbing people with high salaries is only for mutual benefit.The most fundamental way is to start with talent training, expand the base, and innovate basic science.In the automotive industry, the demand for talents is mainly concentrated in the fields of intelligent aesthetics, intelligent cockpit, intelligent driving, and intelligent three-electricity.The corresponding professional gaps are: modeling design, vehicle engineering, software development, mathematical algorithms, chip design and development, automatic control, automatic driving, visual perception, etc.

In addition, Shen Hui said that there is a large gap in mathematics talents in particular, and even 1 million cannot recruit a good mathematician.

Image source: WM Motor Shen Hui Weibo

talent isthe cornerstone ofinnovative technology.

For new forces, differentiated products and services have always been their moat, and

According to the previous prospectus of Weimar,in terms of the size of the R&D team, as of the end of 2021, there were 1,141 R&D personnel in Weimar, accounting for 28.9% of the company's total employees.In contrast, during the same period, Weilai, Xiaopeng, and Ideal R&D personnel reached 4,809, 5,217, and 3,415, respectively, accounting for 31.63%, 37.3%, and 38.7%.

In addition, due to the weak revenue growth rate and the inflection point of profitability, WM Motor has also narrowed its R&D investment in recent years.

According to the prospectus, from2019 to 2021, Weimar’s R&D investment was 893 million yuan, 992 million yuan, and 981 million yuan respectively, accounting for 50.7%, 37.1%, and 20.7% of the total revenue during the same period.

Among them, in 2021, Weimar’s research and development expenses will drop by 1% year-on-year to 980 million yuan.In contrast, Wei Xiaoli's R&D expenses in 2021 will be 4.6 billion yuan, 4.114 billion yuan, and 3.286 billion yuan respectively.The year-on-year increases were 84.6%, 138.35%, and 198.73%, respectively, compared with 2020.

Image source: Weimar Prospectus

However, it is worth mentioning that WM Motor is also continuing to "rescue itself", hoping to solve the capital chain problem through the IPO of Hong Kong stocks, so as to further invest in research and development and consolidate its moat.

According to its prospectus, part of the proceeds from WM Motor’s listing will be used for research and development of vehicle development platforms and next-generation smartelectric vehicles.WM Motor also revealed its current and future main strategies in the prospectus: continuous technology investment, further enrichment of product portfolios, strengthening of connections with users, further exploration of monetization opportunities, enhancement of brand awareness as a Guochao smart electric vehicle, promotion of Global strategic layout.