Let's take stock of what major events happened in the automotive circle on March 8, 2022.
Automobile Incident 1: Jiangqi Group announced sales of 35,000 units in February
Anhui Jianghuai Automobile Group Co., Ltd. (hereinafter referred to as "Jiangqi Group") released data on March 7 that in February 2022, Jianghuai Automobile Group's sales volume was 35,000 units, of which new energy passenger cars and export businesses performed well, both achieving year-on-year growth.
Automobile incident 2: Magneti Marelli Guangzhou plant expansion completion / R & D center awarded
Recently, Magneti Marelli Automotive Electronics China R&D Center awarded the license and the completion of the Guangzhou plant expansion project was held in Guangzhou. Following the signing of the strategic cooperation agreement between Magneti Marelli China and the Guangzhou Municipal Government in 2021, Magneti Marelli China continues to increase its deep cultivation in the field of intelligent cockpit electronics technology and accelerate its strategic layout in the field of automotive intelligent networking.
Established in 1996, Magneti Marelli's Guangzhou plant was Magneti Marelli's first plant in China. Magneti Marelli China Electronics R&D Center is leading the development of Magneti Marelli's most innovative products in the world, leading the development of Dyna View display technology, Horizon-HUD head-up display, R-Touch cockpit domain controller and other products.
Car Incident 3: Great Wall Motor sold 70,792 units in February
On March 8, Great Wall Motor Co., Ltd. (stock code: 601633. SH,02333.HK; hereinafter referred to as Great Wall Motor) released production and sales data for February 2022. In February, Great Wall Motor sold 70,792 new vehicles, of which 6,037 were sold overseas. From January to February this year, the proportion of sales of models of great wall motors with more than 150,000 yuan increased to 15.5%, and the proportion of intelligent models increased to 88.1%, and high-value and intelligent products have become the company's main sales force. Since the release of the three major technology brands of lemon, tank and coffee intelligence, they have continuously stimulated new kinetic energy of products, and the proportion of models based on the three major technology brands has continued to increase, reaching 75.1% this year. Next, the product matrix of Great Wall Motors will continue to be renewed, and many models such as Tank 500, Euler Ballet Cat, Euler Lightning Cat, Andrapunk Cat will appear soon, stimulating new momentum for enterprise development.
In February, Great Wall Motor's production and sales data decreased significantly, mainly due to insufficient supply of body electronic stability systems (ESP) produced by Bosch Automotive Parts (Suzhou) Co., Ltd. (hereinafter referred to as "Bosch"). Bosch is the exclusive supplier of ESP configurations for Great Wall Motors' main models. Great Wall Motor is actively promoting bosch group headquarters and chip suppliers to jointly formulate production increase plans, and strive to quickly solve the problem of parts supply.
Car Event 4: Geely sold 78,478 vehicles in February
Recently, Geely Automobile Holdings Co., Ltd. released the latest sales data: due to the shortage of body electronic stability system (ESP) chips and the Spring Festival holiday, sales in February were 78,478 units, an increase of about 2% year-on-year and a decrease of about 46% month-on-month. Among them, the penetration rate of new energy reached a record high of 18.5%, and the sales volume of China Star accounted for 24.5% of the total sales volume of Geely brands.
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