Central China's research report points out that the sales volume of Anhui Jianghuai Automobile Group Corp.,Ltd. (600418.SH) has increased. In 2024 Q3, the total sales volume of the company is 0.1092 million vehicles, with a year-on-year and month-on-month increase of +1.19% / +9.86% respectively; among them, the sales volume of passenger vehicles is growing rapidly. The company's open cooperation with Huawei is also continuing to advance, cooperating comprehensively in various areas such as product development, production, sales, and services, focusing on creating luxury smart connected electric vehicles. On November 26, the first model in cooperation with Huawei, the Junjie S800, officially debuted at the Huawei Mate brand ceremony, with a presale price of 1-1.5 million yuan, equipped with an L3 intelligent driving architecture. Over the next five years, Jianghuai Automobile Group Corp.,Ltd. will invest over 20 billion yuan in research and development, launch more than 30 intelligent new energy vehicle products, and continuously strengthen its ability to master and develop independent core technologies around the smart connected new energy industry chain. The cooperation with Huawei continues to empower the passenger vehicle business, with intelligent products gradually increasing in volume, first coverage, and giving the company a 'buy' investment rating.
中原证券:首予江淮汽车“买入”评级,华为合作顺利推进
Central China gives an initial 'buy' rating to Anhui Jianghuai Automobile Group Corp.,Ltd., and the cooperation with Huawei is progressing smoothly.
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