Former Ford’s finance veteran joins startup Hozon Auto as vice president

Shanghai (Gasgoo)- China's EV startup Hozon Auto recently welcomed a new vice president, Wang Chengjie, who has abundant financial management experience in auto and investment industries, as part of efforts to perfect its talent structure. 

After joining the startup, Mr. Wang will fully take charge of the company's finance businesses, including the construction of a financial system, the control of budget and cost, as well as financial accounting, according to the startup's press release.

Wang Chengjie is distinguished for its rich and successful experience in financial management to automobile industry, notably in cost control and value management for such links as product R&D, procurement, production and sale, said the startup. Prior to his participation in Hozon Auto, he had planned and managed financial strategies for companies like Ford Motor and Saint-Gobain.

The fierce competition among Chinese EV startups is not only about the product and branding, but also is the rival of talents. Mr. Wang's participation is expected to offer Hozon Auto a broader global vision and enhance the company's overall financial efficiency.

Although rivals like NIO and Xpeng Motors are attracting a great deal of public attention, Hozon Auto is steadily pushing ahead with its delivery plan. For the first eight months of 2019, the EV manufacturer's auto insurance volume reached 4,273 units, ranked the fourth among Chinese EV startups, according to the China Insurance Regulatory Commission (CIRC). The insurance registration of its first production model NETA N01 grew to 440 units in August, only less than that of the WM EX5 and the NIO ES6 (photo source: Hozon Auto).