On April 29, 2024, Anhui Jianghuai Automobile Group Co., Ltd. (hereinafter referred to as "Jiangqi Group") released the "Anhui Jianghuai Automobile Group Co., Ltd. 2023 Annual Results Announcement" and the "Anhui Jianghuai Automobile Group Co., Ltd. 2024 First Quarterly Report". According to the announcement, in 2023, Jiangqi Group will achieve a total operating income of 45.016 billion yuan, a year-on-year increase of 23.07%, and a net profit attributable to shareholders of listed companies of 152 million yuan. In the first quarter of 2024, Jiangqi Group achieved operating income of 11.265 billion yuan, a year-on-year increase of 4.61%.
Note: Jiangqi Group National Enterprise Technology Center, National Industrial Design Center
1
Around the intelligent core
Cultivating new impetus for development
At present, the automotive industry is in a critical period of transformation of multi-technological innovation and multi-industry integration and development, and electrification, intelligence, networking, and ecology have become the direction of transformation and development of the automobile industry. In 2023, the cumulative sales of new energy vehicles in mainland China will be 9.495 million units, with a market share of 31.6%. Accelerating the transformation to intelligent new energy vehicles is not only a "must-answer question" for every car company, but also a "knockout game" that determines the future and fate of car companies.
In 2023, Jiangqi Group will invest a total of 2.235 billion yuan in R&D, a year-on-year increase of 21.92%, strengthen the implementation and transformation of scientific and technological achievements, and accelerate the formation of new quality productivity.
In April 2023, Jiangqi Group released a new brand strategy, established the brand value of "leading intelligence with intelligence", and built a development path of "core self-development" + "key and common technologies" open and cooperative intelligent vehicle ecosystem.
Note: "Leading Intelligence with Intelligence" JAC Group's new brand strategy press conference
In terms of intelligent technology, in the field of intelligent architecture, Jiangqi Group has completed the construction of a cost-effective domain centralized architecture platform and a high-performance computing and communication architecture platform; in the field of intelligent driving, Jiangqi Group has iteratively upgraded intelligent driving, L2+ products have been launched in batches, and the core technology of highly automated driving has been applied to autonomous driving minibuses, unmanned logistics cars and other models; in the field of intelligent cockpit, Jiangqi Group has an open software ecology that supports the one-touch connection between mobile phones and vehicles. In the field of intelligent services, Jiangqi Group has realized the OTA upgrade of mobile APP and the development of automatic system pressure testing, which have been applied in some models.
With the continuous empowerment of technological achievements, in 2023, Jiangqi Group will achieve more than double-digit positive sales growth in the fields of commercial vehicles, passenger cars, and buses. Among them, the cumulative sales of commercial vehicles were 231,100, a year-on-year increase of 18.34%, the cumulative sales of passenger vehicles were 357,100, a year-on-year increase of 18.21%, and the cumulative sales of buses were 4,323, a year-on-year increase of 41.14%.
In 2024, the Refine RF8 MPV equipped with Huawei's in-vehicle system will be officially launched. Since its launch, it has been favored by consumers, and has been delivered in batches in many places across the country, and sales have continued to rise.
2
Seize the opportunities of globalization
Add new momentum to steady growth
In 2023, China's auto exports surpassed Japan for the first time to become the world's largest auto exporter. With the increasingly fierce competition in the domestic auto market, automobile exports have become a new engine for the growth of car companies. In 2023, JAC Group seized the opportunity in its international business and took advantage of the momentum, exporting a total of 169,600 units, a year-on-year increase of 47.99%, of which 134,000 units were delivered in the "Belt and Road" countries, a year-on-year increase of 63.7%. In the first quarter of 2024, Jiangqi Group exported a total of 57,600 units, a year-on-year increase of 24.75%.
Note: The delivery ceremony of 10,000 passenger cars in the United Arab Emirates
In June 2023, Kantar BrandZ, a list of world-renowned brands, and Google jointly released the "2023 Kantar BrandZ Top 50 Global Brands in China" list, and Jiangqi Group ranked 36th among China's global brands, ranking on the authoritative list for three consecutive years.
As one of the pioneers of China's automotive industry going overseas, since 1990, Jiangqi Group has covered 132 countries and regions on five continents, sold nearly 1.4 million vehicles, and established 4 wholly-owned subsidiaries, 3 joint ventures and 19 overseas KD factories overseas, injecting new momentum into its own steady growth and the global shine of Chinese brand cars.
3
Deepen openness and cooperation
Create new potential energy for development
In 2023, while adhering to independent development, Jiangqi Group will continue to accelerate the process of open and cooperative development, and continue to create new potential energy for development.
Among them, the cooperation between Jiangqi Group and Huawei has attracted much attention from all walks of life. In December 2023, Jiangqi Group and Huawei signed a cooperation agreement on intelligent new energy vehicles. Based on Huawei's intelligent vehicle solution, the two parties will cooperate in product development, manufacturing, sales, and service to build luxury intelligent connected electric vehicles.
Note: JAC Group and Huawei Digital Power signed a comprehensive strategic cooperation agreement
Ahead of the 2024 Beijing International Auto Show, Jiangqi Group and Huawei Digital Power signed a comprehensive strategic cooperation agreement in Beijing. The two parties will work together to create competitive products that pursue the ultimate user driving experience, jointly build an industrial ecology, and promote the high-quality development of the new energy vehicle industry.
At the same time, Jiangqi Group continued to deepen its joint venture and cooperation layout in the field of intelligent new energy vehicle industry chain, and further strengthened technological innovation and application in software technology, intelligent driving, and intelligent cockpit.
In 2024, JAC Group will adhere to the strategic path of "independent development + open cooperation", conform to the development trend of 'electrification, intelligence, networking and ecology' of the automobile industry, strengthen and expand commercial vehicles, open and cooperative development of passenger vehicles, take advantage of the opportunity to transform and develop parts business, innovate and develop auto finance, automobile logistics and value-added business, and create an industrial ecosystem with the characteristics of Jiangqi Group.
Source: Xinhua News Agency
Editor: Wang Muyin
Review: Ji Haitao
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