According to Dongguan Securities, the Quanjie M9 is expected to become a new generation of popular models, leading industry innovation and driving supply chain flexibility. Related aspects such as 800v silicon carbide fast charging, intelligent driving, and smart cockpit are expected to benefit.
The Zhitong Finance App learned that Dongguan Securities released a research report saying that Quanjie M9 leads industry innovation and focuses on beneficial aspects such as silicon carbide, intelligent driving, and smart cockpits. As Huawei's first flagship SUV, the Quanjie M9 maintains leadership in charging efficiency, handling experience, and degree of intelligence. Pre-sale feedback is good. It is expected to become a new generation of popular models, leading industry innovation and driving supply chain flexibility. Related aspects such as 800v silicon carbide fast charging, intelligent driving, and smart cockpit are expected to benefit.
Recommended attention: Tianyue Advanced (688234.SH) (leading domestic silicon carbide substrate, HUAWEI Hubble investment and shareholding), Electric Connect Technology (300679.SZ) (leading domestic high-frequency high-speed connector, supplier of modern automobiles), Weifeng Electronics (301328.SZ) (leading domestic industrial control connector, subsidiary's high-frequency high-speed product series connected to Celis), and Ofeguang (002456.SZ) (leading domestic optical lens module manufacturer, providing products or services such as automotive lens modules and lidar OEM).
Incident: On the afternoon of December 26, Beijing time, Huawei held a full-scene winter press conference. At the conference, it officially unveiled the first Panorama smart flagship SUV, the Quanjie M9, at a price of 469,800 yuan to 569,800 yuan. According to Yu Chengdong, executive director of Huawei, CEO of the terminal BU, and chairman of Smart Car Solution BU, the Quanjie M9 series has more than 54,000 pre-ordered users.
The comments of Dongguan Securities are as follows:
The M9 is Huawei's first panoramic smart flagship SUV, equipped with multiple Huawei black technologies.
According to Yu Chengdong, the Wenjie M9 is equipped with the top ten Huawei black technologies, including Huawei's advanced intelligent driving, intelligent lighting system, the industry's first car-grade projection screen, 4th generation range extension platform, 800V high-voltage silicon carbide platform, super strong Xuanwu body, and Turing smart chassis. The official price ranges from 469,800 yuan to 569,800 yuan. The specific model prices are: 469,800 yuan for the Max Extended Range Edition, 5098,000 yuan for the Pure Electric Max Edition, 529,800 yuan for the Pure Electric Ultra Edition, 529,800 yuan for the Pure Electric Ultra Edition 10,000 yuan. Huawei officially stated that the M9 will surpass 10,000 units within 2 hours of launch. Inquire Pioneer plans to take the lead in delivery on January 26, 2024, and mass deliveries will begin on February 26.
The M9 is equipped with an 800V high-pressure silicon carbide platform, which greatly improves fast charging efficiency.
As the first flagship SUV of Huawei, the Quangjie M9 can be divided into an extended range version and a pure electric version. Among them, the 52-degree extended-range version can provide a comprehensive range of up to 1402 km (CLTC) when fully charged, while the pure electric version is equipped with the Huawei “Giant Whale” 800V high-voltage battery platform. The battery life can reach 150 km after 5 minutes of charging, and the battery life can reach 630 km under CLTC conditions. The fast charging efficiency has been greatly improved.
In terms of the smart cockpit, the QG M9 has an excellent experience with AR-HUD, headlights, projection, and video, such as the first Huawei Immersive Head-Up Display system, which supports AR road navigation, high-brightness display, and large-scale and long-distance imaging; the car is equipped with an advanced sound system and privacy sound shield to ensure that passengers can enjoy high-quality sound effects while maintaining private conversations; in addition, it is equipped with a multi-function display and characteristic lighting to enhance the driving experience and vehicle functionality.
In terms of intelligent driving, the M9 is equipped with Huawei's ADS 2.0 system. The “on-board” 192-line lidar is the industry's highest-line lidar in mass production. The M9 is also equipped with 12 ultrasonic radars and 7 millimeter wave radars. Among them, ADS smart driving uses 3 millimeter wave radars, and 4 anti-collision millimeter wave radars to provide accurate environmental sensing capabilities. In addition, the M9's automatic emergency braking system (AEB) and rear-facing active safety features have been significantly improved, greatly enhancing vehicle safety performance and demonstrating Huawei's significant progress in intelligent driving technology.
Risk warning: Terminal sales fall short of expectations, increased industry competition, etc.