With the blessing of Huawei, the continuous price limit is up! Changan Automobile soared by 100 billion

The stock price doubled in half a year, and the market value once again exceeded the 200 billion mark, and Changan Automobile suddenly became "hot".

The reason for the sharp rise in Changan Automobile's stock price is undoubtedly its cooperation with Huawei.

According to the announcement issued by Changan Automobile on November 26, Changan Automobile signed a memorandum of investment cooperation with Huawei on November 25, Huawei intends to establish a company engaged in the research and development, design, production, sales and service of automotive intelligent systems and component solutions, and Changan Automobile intends to invest in the target company and carry out strategic cooperation, with a proportion of no more than 40%.

As one of the most high-tech companies in China, Huawei's car-making business has always attracted much attention from the market, and Changan Automobile can take the lead in reaching cooperation with Huawei's new company, which naturally leaves a huge space for investors' imagination, and it is reasonable for the stock price to rise sharply. However, the actual situation of Changan Automobile is not as optimistic as the stock price performance - in recent years, Changan Automobile's electrification transformation has not been smooth, and the brand AVATR previously launched in cooperation with Huawei and CATL is also tepid.

It is undeniable that joining hands with Huawei has indeed given Changan Automobile a greater opportunity for its electrification transformation, but it is unknown how the two will cooperate and how Huawei will empower Changan Automobile.

Changan Automobile that was "selected".

In fact, after the establishment of a new company, Huawei selected Changan Automobile as the first car company to cooperate with, which surprised many people.

After all, in terms of cooperation, there is Cialis as the recognized "pro-son" of Huawei, and then there are Chery Automobile, JAC, BAIC Group, these car companies that are cooperating, although Huawei also has cooperation with Changan Automobile, but the cooperation between the two is obviously not as close as Huawei and Cialis.

In fact, the reason why Huawei's new company took the lead in choosing to cooperate with Changan Automobile is likely to be due to the consideration of Changan Automobile's size and background.

Among the car companies that Huawei cooperates with, Chery and Changan Automobile have the largest sales. According to the sales data disclosed by the two car companies in October, the cumulative sales of Changan Automobile from January to October were 2110636 units, and the cumulative sales of Chery Automobile were 1453550 units, compared to Changan Automobile in terms of sales, and Changan Automobile also has a state-owned background, its predecessor was the Shanghai Ocean Artillery Bureau founded by Li Hongzhang, which has a history of 160 years.

After reaching the first cooperation with Changan Automobile, Huawei can not only get the endorsement of state-owned assets, but also expand Huawei's influence in the automotive circle due to Changan Automobile's own size. However, for Changan Automobile, there is obviously a lot of uncertainty about how much cooperation with Huawei can play.

In fact, as early as 2014, Changan Automobile signed a strategic cooperation agreement with Huawei, but at that time, Huawei had just entered the automotive industry, and it did not have much right to speak. Five years later, Changan Automobile, which is accelerating the transformation of electrification, began to cooperate with Huawei, first establishing a joint innovation center, and then pulling in the battery industry giant CATL, to jointly build AVATR Technology and launch high-end smart electric vehicles.

However, the cooperation between Huawei and Changan Automobile has not had too many outstanding results. Taking AVATR as an example, its sales in October were 3,888 units, although it has risen sharply by 26% month-on-month, but in absolute terms, this sales volume is not high; According to statistics, in the past six months, the share price of Changan Automobile has doubled at the highest, and the market value has once again stood at the 200 billion mark, which is very eye-catching. However, it is unknown how long Changan Automobile's stock price can last and what substantial changes Changan Automobile can make after cooperating with Huawei.

Can the transition to electrification be accelerated?

Although the stock price ushered in a sharp rise, the actual situation of Changan Automobile was not as optimistic as the stock price.

From the current point of view, the transformation of electrification is too slow, which is an urgent problem that Changan Automobile needs to solve. According to the sales data, Changan Automobile's own brand new energy sales in October were 57,399 units, a year-on-year increase of 57.10%, and the cumulative sales from January to October were 364,081 units, a year-on-year increase of 88.76%.

Although the sales volume of new energy has increased significantly, the proportion of new energy of Changan Automobile is not high, and the proportion of new energy of Changan Automobile is 17.25% based on the total sales volume of 2,110,636 yuan. You must know that in October this year, the new energy penetration rate of the entire automobile market has reached 33%, and Changan Automobile lags behind the industry level.

In the past two years, Changan Automobile has made great efforts in the transformation of electrification. In addition to the above-mentioned joint hands with Huawei and CATL to launch a new electric vehicle brand AVATAR, Changan Automobile has successively launched sub-brands Changan Deep Blue and Changan Qiyuan, although the positioning of these three brands is different, but the results are very similar - although sales have rebounded driven by price reduction promotions, but it is difficult to support the important task of Changan Automobile's electrification transformation.

At present, after Huawei and Changan Automobile took the lead in reaching a cooperation, everyone has once again rekindled hope for Changan Automobile's electrification transformation - after all, Huawei can help Cialis that has fallen to the bottom and help Changan Automobile accelerate the electrification transformation, but is this really the case?

From the perspective of the mode of cooperation, Huawei has three main models at this stage: the component supplier model, the HI (Huawei Inside) model, and the "smart car" model. If Changan Automobile wants to cooperate more closely with Huawei, it must upgrade to the "smart car" mode, but in the "smart car" mode, car companies will lose most of their right to speak, will Changan Automobile really choose to give in?

In addition, it is also unknown how Huawei will empower Changan Automobile. At present, Changan Automobile's three major new energy brands AVATAR, Deep Blue and Qiyuan, among which AVATAR's intelligent cockpit and automatic driving have all used Huawei's technology, but the sales volume is not ideal and it is originally Deep Blue and Qiyuan, which take the low-price and cost-effective route, due to price restrictions, it is obviously difficult to use Huawei's high-end intelligent technology, and the inconsistency in product positioning makes it particularly difficult for the two sides to cooperate.

It is true that after the cooperation between Changan Automobile and Huawei, Changan Automobile's paper strength has undoubtedly been strengthened. However, in the end, there is obviously a huge uncertainty about whether it can work well and whether Huawei can help Changan Automobile accelerate its electrification transformation.