In the current market, whoever can catch up with Huawei's concept will be able to soar into the sky. This is the case for last year's Cialis and this year's JAC. List of high-quality authors
Since the June low, the cumulative maximum increase in the stock price of JAC Motors has nearly doubled. The reason is that in the first half of the year, it was reported that JAC Motors is one of the partners of Huawei's intelligent car model. At last month's Guangzhou International Auto Show, Yu Chengdong, Huawei's executive director, CEO of Device BG, and chairman of Intelligent Vehicle Solution BU, also revealed that after Wenjie and Zhijie, there will be two "worlds", respectively from BAIC and JAC.
On the evening of December 1, JAC Motors announced that it had signed the "Intelligent New Energy Vehicle Cooperation Agreement" with Huawei terminals, and the two sides would focus on building luxury intelligent networked electric vehicles, which was officially confirmed to cooperate with Huawei to build cars.
According to the agreement, the two parties will cooperate in product development, manufacturing, sales, and service based on Huawei's intelligent vehicle solutions, and strive to build luxury intelligent connected electric vehicles. The agreement is valid for 10 years from the date of signing. After the announcement, the share price of JAC Motors once exceeded 9% in intraday trading.
In addition, a research report released by a ** agency revealed that the smart model code of JAC Automobile and Huawei is X6, which is a sedan model, and the price will reach one million yuan, and the benchmark model is Mercedes-Mai**, and the new car is expected to be launched in the fourth quarter of 2024.
But just when people thought that the stock price of JAC Motors was about to usher in another wave of skyrocketing, JAC's stock price did not rise but fell.
Some netizens' comments pointed out the reason: "It's really difficult to have sales at this price", "JAC sells millions of dollars, no matter how iron Huawei fans are, they won't think they can sell it", "The positioning is getting more and more high-end, I hope that the quality and craftsmanship can really be benchmarked, instead of talking big" ......
All the car companies that have invested in Huawei's big alliance are trying to gain a firm foothold on the track of new energy with the help of Huawei's strength, and the same is true for JAC Motors. Because on the road of new energy development, JAC has not gone smoothly.
In fact, JAC began to get involved in the new energy vehicle industry as early as 2010. In 2011, 1,000 units of JAC's second-generation pure electric vehicles were delivered. In 2012, JAC successfully sold nearly 2,500 third-generation pure electric vehicles. In 2016, JAC launched its first all-electric SUV, the IEV6E. However, with several spontaneous combustion and recall incidents since then, as well as the decline of the first round of new energy vehicle manufacturing boom, JAC's new energy vehicle sales have also fallen rapidly.
Since then, JAC Motors hopes to take advantage of the opportunity of the Volkswagen joint venture to open a breakthrough in the new energy passenger car market. In December 2017, Volkswagen and JAC Motors established a joint venture JAC Volkswagen*** and launched a new brand Sihao. However, two years later, with Volkswagen's capital increase, JAC Volkswagen changed its name to Volkswagen Anhui, and JAC Motors actually only got the right to operate one "Sihao" brand.
This year, JAC Motors has launched a new brand "Yttrium", and the first model Yttrium is 3 positioning pure electric small car, hoping to achieve the sales target of 100,000 units this year. However, at present, the average sales of yttrium in March are only about 2,000 units, which is somewhat insignificant compared with competitors in the same class.
Only cooperating with NIO's foundry is a really cost-effective business for JAC, but it also gives JAC the label of a foundry. In 2017, JAC officially began OEM for NIO. According to data, from 2018 to 2022, NIO paid a total of 30 OEM fees to JAC in five years3.8 billion yuan. Recently, JAC used two more factories for the production of NIO, and finally sold at 315.8 billion yuan** was given to NIO.
But even so, JAC has not been able to get rid of the predicament of losses, and the data shows that JAC has been losing money for many years. From 2017 to 2022, JAC has deducted non-net profit as a loss (deducting ** subsidies) for 6 consecutive years, with a cumulative loss of more than 9 billion yuan.
JAC Motors needs to get on the big ship of Huawei. However, unlike the model positioning of Celis, Chery, Changan and Huawei, which are concentrated below 400,000 yuan, the first model X6 cooperated by JAC Motors and Huawei, is a model positioned at the million-level level and benchmarked by the first.
Not to mention whether Huawei + JAC can benchmark Mai** in the brand, it is obvious that even if X6 can finally benchmark Mai** in terms of performance, configuration, and workmanship, and the price can be controlled at about one million, the volume of this market segment is still not large. It's not a car that can be walked. And at present, in addition to BYD and Ideal, other new energy brands are still in the stage of selling cars at a loss, and it is difficult to say that X6 can be profitable.
On the other hand, although the stock price of Cialis has skyrocketed and the orders of the Wenjie series are also considerable, Cialis is still in the predicament of losses until now. In the first half of this year, Cialis achieved an operating income of 1103.2 billion yuan, down 11 percent year-on-year14%ï¼›Although the net profit attributable to the parent company lost by 17$2.7 billion narrowed to 134.4 billion yuan, but the non-net profit was deducted by a loss of 171.4 billion yuan expanded to 188.5 billion yuan.
If you go back in time, since 2019, when Cialis (renamed "Xiaokang Co., Ltd." before changing its name in August 2022) and Huawei "bound" to cooperate in car manufacturing, the company has suffered huge losses for three consecutive years, with a cumulative loss of more than 8.7 billion yuan. Even if JAC cooperates with Huawei and can set a benchmark in the luxury market with the X6, it will be difficult to rely on this car to get out of the predicament of losses.
The mountains will fall, and everyone will run. Through Huawei's influence, it is indeed no problem to make up for the shortcomings of JAC Motors in intelligence and channels. However, it is expected that JAC still has a long way to go to turn around and re-impact the new energy passenger car market. (Wen Youshi Auto Old Cannon).
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