Text Pan Yuchen Editor Zhang Guangkai) According to the first financial news on January 31, people familiar with the matter said that the first car jointly created by Huawei and JAC Motors is not the MPV that was rumored before, but a 1 million yuan sedan, which is benchmarked against the BMW 7 series. The new model is expected to be officially launched in the fourth quarter of this year. After the launch of the joint model, the relevant sales revenue will be included in the revenue items of JAC. In addition, the construction of the Feixi Gigafactory in Anhui Province, which is responsible for the production of models jointly operated by Huawei and JAC, is also nearing completion.
This rumor is exactly the same as the content of an in-depth report on China Merchants ** circulating online in the fourth quarter of 2023. According to this in-depth report, the first model of the cooperation between JAC and Huawei Hongmeng Zhixing is codenamed X6, the category is sedan, and the price is 1 million yuan, and it is expected to be launched in the fourth quarter of 2024.
The content of the in-depth report on online investment promotion**.
Huawei Hongmeng Zhixing (formerly known as Smart Car Model) currently cooperates with automakers including Cialis (Wenjie), Chery (Zhijie), BAIC and JAC, and currently has a total of Wenjie M5, M7, M9, Zhijie S7 and other models on sale. It is also rumored that the cooperative brand between BAIC and Huawei is "Xiangjie", and the cooperative brand between JAC and Huawei is "Aojie". If the news is true, the new JAC car will be the model with the highest positioning under Huawei's Hongmeng Zhixing system.
According to the above-mentioned insiders, Huawei's "four worlds" positioning is not distinguished by different models, but by brand luxury, of which the "world" created by JAC is positioned at more than 700,000 yuan.
After the news broke, as of noon on February 1, JAC's share price fell 0.25% to 12$15. Neither Huawei nor JAC responded to the rumors.
The cooperation between JAC and Huawei began in 2019, but for a long time, the two sides did not announce any substantial progress on the project.
In August 2023, Guo Mingchi, an analyst at Tianfeng International, posted on social platforms that Huawei and JAC are jointly developing an MPV with a price of 1 million yuan, which is expected to be mass-produced in the second quarter of 2024, and the sales target is to reach about 50,000 units in one year, but it has not been confirmed by both parties.
JAC. On November 25 of the same year, Changan Automobile announced that it had signed a Memorandum of Understanding (MOU) with Huawei, under which Huawei would integrate the core technologies and resources of its intelligent vehicle solution business (BU) into the new company, and Changan Automobile and its affiliates planned to invest no more than 40% of the equity of the target company. Subsequently, JAC responded that it had not received an invitation for joint investment from Huawei.
On the afternoon of November 28, on the eve of A-shares**, Yu Chengdong, Executive Director of Huawei and Chairman of Intelligent Vehicle Solution BU, announced at the launch conference of Zhijie S7 that Huawei has issued an invitation to Celis, Chery, JAC, and BAIC to open their shares. At the end of the day, JAC's share price rose 656% to close at 1950 yuan.
On December 1, JAC Motors and Huawei Terminal signed the "Intelligent New Energy Vehicle Cooperation Agreement". 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. JAC is responsible for the overall product development of the cooperative models, including building a production base and leveraging Huawei's advantages in related fields. JAC Motors agrees that Huawei terminals or its designated third parties will exclusively provide sales services for cooperative models worldwide, including but not limited to marketing, sales, users, and ecosystem operations.
In the past 2023, JAC has sold a total of 59250,000 units, a year-on-year increase of 184%。Among them, the cumulative sales of passenger cars were 35710,000 units, a year-on-year increase of 1821%。Export cars 16960,000 units, a year-on-year increase of 4799%。
According to the performance forecast disclosed by JAC Motors a few days ago, JAC Motors is expected to have a net profit of 1 in 20233.6 billion yuan, compared with the previous year, to achieve a turnaround; However, after deducting non-recurring gains and losses, JAC Motors expects a net loss of 15 percent last year500 million yuan. It is worth mentioning that in the fourth quarter of last year, JAC Motors listed** factory assets related to NIO foundry, with an estimated value of about 4.5 billion yuan.
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