On February 11, 2022, Anhui Jianghuai Automobile Group Co., Ltd. (hereinafter referred to as "Jianghuai Automobile") released the "Anhui Jianghuai Automobile Group Co., Ltd. January 2022 Production and Sales Express". Express report shows: In January 2022, Jianghuai Automobile sales were 52,000 units, an increase of 22.69% month-on-month, down 10.64% year-on-year, mainly due to the Spring Festival holiday earlier than last year, the sluggish demand for commercial vehicles and the impact of the epidemic in various places, it is worth mentioning that the export business performed better, showing a high growth trend year-on-year, and the sales of pure electric passenger cars in January increased by 89.49% year-on-year.
From the perspective of subdivision categories: In the field of commercial vehicles, affected by multiple factors such as chip shortage, high base in the same period, and sluggish terminal demand, a total of 27,000 vehicles were sold in January, an increase of 66.58% month-on-month, of which JIANGHUAI pickup trucks adhered to the user thinking orientation, accelerated the improvement of product layout, deeply cultivated the international and domestic markets, and successively launched a number of main sales models and subdivision scene models such as Humtu Bobcat Version and Humtu Bobcat Simplified Edition to achieve double growth year-on-year; in Chile, Peru, Ecuador, Mexico, Saudi Arabia and other countries and regions of the market continued to exert efforts, sales have repeatedly reached new highs. In January, JAC pickup trucks sold more than 5,000 units, an increase of more than 51% year-on-year.
JAC Lynx version pickup truck
In the passenger car segment, 24,000 units were sold in January, up 6.92% year-on-year. Among them, pure electric passenger cars sold 16,000 units in January, a sharp increase of 89.49% year-on-year. In recent years, Sihao New Energy has fully implemented the "user-centric digital transformation", continued to strengthen user thinking, enhance user stickiness, rebuild the business model from user value discovery to user value realization, and continuously improve market share. The increase in sales in January will also provide strong support for the achievement of Sihao New Energy's sales target of 100,000 vehicles in 2022.
CITIC Securities said a few days ago that Jianghuai Automobile started as a commercial vehicle and has maintained a relatively stable industry position in the field of light trucks and heavy trucks. In the process of jianghuai automobile's electrification, the development model of Jianghuai automobile is unique, and it is believed that Volkswagen Anhui, a subsidiary of the company, will become an important layout node of Volkswagen Group in China in 3-5 years, and is expected to become the third pole of Volkswagen in China. Give the company 15 times the valuation of EV/EBITDA in 2022, covering it for the first time, and give it an "overweight" rating.
Jianghuai Automobile now owns Brands such as Sihao, Ruifeng, JAC, and Ankai, and cooperates with Volkswagen, Weilai Automobile, Huawei, etc.
According to volkswagen group's electric vehicle planning, Volkswagen Anhui is expected to be built into the core production base of the next generation of pure electric models, and the introduction of MEB and SSP car manufacturing platforms will bring great opportunities for Jianghuai Automobile to achieve extended cooperation.
Si Hao E10X Flower Fairy Wonderland Tour
In the international market, Jianghuai Automobile exported more than 10,000 units in January, an increase of 42.25% year-on-year. In the face of the severe overseas epidemic situation, Jianghuai Automobile implements the "Belt and Road" initiative, actively exerts the advantages of comprehensive automobile enterprise groups, adheres to the three principles of "focus, stability and coordination", and continuously integrates high-quality resources inside and outside to meet the differentiated value needs of users. According to the data released by Jianghuai Automobile in the early stage, Jianghuai Automobile performed well in the Mexican market, achieving terminal delivery of 1,043 units in January, an increase of more than 200% year-on-year, and a record high in actual sales. (Miao Chen)