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Financial Network Automotive News? On July 14, Great Wall Motor Co., Ltd. announced that it had received 496 million yuan of government subsidies in the past seven months.

From 2019165438+1016 to June 30, 2020, Great Wall Motor Co., Ltd., its subsidiaries and companies controlled by * * * received a total of 495,832,697.70 yuan related to income.

Great Wall Motor and its subsidiaries, Tianjin Haval Branch of Great Wall Motor Co., Ltd., Chongqing Haval Automobile Co., Ltd., Shanghai Haval Automobile Technology Co., Ltd., Chongqing Yongchuan Great Wall Automobile Parts Co., Ltd., Chongqing Haval Logistics Co., Ltd., Chongqing Great Wall Automobile After-sales Service Co., Ltd., Noble Automobile System (Ningyang) Co., Ltd., Baoding Gree Machinery Co., Ltd., Baoding Yixin Automobile Parts Co., Ltd., Liang 6,543,800 yuan and more than 654 yuan.

Among them, the two subsidies with the highest amount are 63,497,629.38 yuan from Chongqing Yongchuan Great Wall Automobile Parts Co., Ltd. and 46,683,202.83 yuan from Chongqing Haval Automobile Co., Ltd., both of which are related to income, and the subsidy is based on the application for fund payment.

Finance and economics. Com, Chongqing Yongchuan Factory of Great Wall Motor was completed in August 20 19, which is the fifth full-process vehicle production base of Great Wall Motor in the world and the first vehicle production base in southern China. According to Chongqing Business Daily, Great Wall Company added 65.438 billion yuan to build SUV project in Yongchuan this year. On this basis, Great Wall invested 65.438+0.2 billion yuan again in June, and plans to build three projects in Yongchuan: Great Wall Honeycomb Engine, Honeycomb Foundry Base and Southwest Regional Logistics Base of Great Wall Motor.

According to the announcement, the joint venture company "Beam Automobile Co., Ltd." controlled by Great Wall and BMW * * * received a research and development fund subsidy of 248 yuan,118,763.73 yuan, which was obtained in February 2020. The company is jointly operated by * * * in the joint venture arrangement, and Great Wall Motor needs to incorporate 50% of its capital contribution into the government subsidy obtained by Beam Motor when preparing the consolidated statement. As of June 30, 2020, the amount of government subsidies related to income received by Beam Automobile was 496,237,527.45 yuan, of which 248 yuan118,763.73 yuan was included in the consolidated statement of Great Wall Automobile.

2065438+July 2008, BMW Group and Great Wall formally signed an agreement, and the two sides set up a joint venture company "Beam Automobile Co., Ltd." with a share ratio of 50: 50. 20 19 1 1, the joint venture between BMW Group and Great Wall Motor was officially launched. In June this year, the Zhangjiagang base of Beam Automobile in Jiangsu officially broke ground. According to the agreement, Beam will integrate R&D, production, warehousing and logistics, sell to the global market, and enter the respective sales and service networks of BMW Group and Great Wall Motor according to their brands.

Regarding the above subsidies, Finance Auto contacted the relevant person of Great Wall Motor, and the other party did not understand the relevant details, saying that everything was subject to the announcement.

This article comes from car home, the author of the car manufacturer, and does not represent car home's position.