On the occasion of the New Year, Jiangqi Group released its 2024 New Year's message. In this congratulatory message, Jiangqi Group reviewed its achievements in the past year and looked forward to the future development blueprint. In particular, it is mentioned that the luxury intelligent networked electric vehicle built with Huawei is expected to be launched in 2025.
Jiangqi Group announced that in 2023, it will achieve both economies of scale and efficiency, with annual sales of 590,000 vehicles, an increase of 18% year-on-year. The Jiangqi Group's performance in the international market was also excellent, with annual sales growth of 48% year-on-year, laying a solid foundation for the company's internationalization strategy. It is worth mentioning that JAC Group will work closely with Volkswagen in 2023 to jointly develop and officially mass-produce the first product exported to Europe.
At the same time, Jiangqi Group has also signed a strategic cooperation agreement with NIO on battery swapping, which will further promote the development of new energy vehicles and provide consumers with more convenient and efficient travel solutions.
Looking forward to the future, Jiangqi Group will continue to strengthen and expand its core businesses such as light vehicles, pickup trucks, and commercial vehicles. They will continue to deepen their strategic cooperation with Huawei, accelerate product research and development, and leverage Huawei's advanced technologies in intelligence and connectivity, as well as its advantages in consumer market development, to jointly seize the opportunities for the transformation and development of intelligent new energy vehicles.
In addition, JAC Group will continue to promote cooperation projects with Volkswagen and fully support Volkswagen's investment in the second phase of Volkswagen's Anhui project. They believe that through deepening cooperation, the market competitiveness and innovation capabilities of both parties will be further enhanced.
In order to achieve long-term mutual benefit and win-win results, Jiangqi Group will further deepen cooperation with excellent partners such as CATL. They will work together to address market challenges and promote the sustainable development of the new energy vehicle industry.