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Crush Tesla for three months in a row! "China's magic car" is completely on fire

via:驱动之家     time:2020/12/29 11:46:48     readed:1144

The fire of new energy vehicles also benefited the parts suppliers, and the stock price of Wuling Automobile in Hong Kong stock rose nearly 15 times in half a year. Wuling Hongguang Mini EV once again defended the title of new energy vehicle sales champion in November. Industry insiders said that the sales data rate in December will probably exceed expectations. It is suggested to pay attention to Wuling Hongguang miniev core suppliers.

On December 28, the Hong Kong stock market closed. Wuling Automobile, as a supplier of spare parts, rose 36.56% in a single day. The share price broke through HK $3 and reached a new high,The stock has risen nearly 15 times since June 2020, with a total market value of HK $9.5 billion.


According to public information, the largest customer of Wuling motor, a Hong Kong listed company, is SAIC GM Wuling, accounting for 48.1% of Wuling motor's sales in 2019.

Hongguang Mini EV is a A00 class pure electric vehicle launched by SAIC GM Wuling on July 24, 2020. With a guiding price of 28800 yuan and a driving range of 120-170km, the sales volume of Hongguang Mini EV in that month will reach 7348. Subsequently, the car continued to maintain the growth trend of sales, and in September and October 2020, it continuously topped the retail list of new energy vehicles in China.

On December 1, the official wechat of Wuling Automobile disclosed that the sales volume of Wuling Hongguang Mini EVs in November was as high as 33094, so far it has become the only model with monthly sales volume exceeding 30000 in the domestic new energy market this year. Set a new energy vehicle sales record in China, defending the new energy vehicle sales champion again, crushing Tesla for three consecutive months.


Industry insiders said that its December sales data is expected to be released in early January, and the probability will continue to exceed expectations. According to the forecast data, next year's sales are expected to exceed 400000 vehicles, and the optimistic expectation will reach 1 million vehicles.

Zheng Dandan of Northeast Securities said that Wuling Hongguang miniev, as a pure electric vehicle, has achieved a monthly sales volume of more than 30000 vehicles, releasing a positive signal to the new energy vehicle market. It believes that the market recognition of the dominant models of new energy vehicles with independent brands has been improved, which is expected to further mobilize the purchase intention of end consumers for new energy vehicles.

It is suggested to pay attention to the core supplier of miniev of Wuling Hongguang, and Huayu automobile, which has more horizontal expansion in new energy automobile parts.

According to the announcement of the Ministry of industry and information technology, Hongguang Mini EV battery is supported by five battery manufacturers, namely GuoXuan high tech, Xingheng power, Penghui energy, Ningde times and Huating power. Among them, GuoXuan high tech, Penghui energy and Ningde times provide lithium iron phosphate battery; Huating power provides ternary battery; Xingheng power provides manganese series multiple composite lithium battery. The main driving motor suppliers are founder motor and Shuanglin Co., Ltd., and the electronic control is supplied by Huayu electric and Ningbo yangteng.

In addition to the three electric systems, the related listed companies supporting other components include Wan'an Technology (sub frame, ABS, electronic vacuum pump), Chuanhuan Technology (brake booster vacuum hose), Shenglu communication (antenna), Songzhi Co., Ltd. (condenser, air conditioner, heater), Ningbo Gaofa (electronic accelerator pedal), Fuyao Glass, etc.


CAITONG Securities Research Institute calculates the revenue contribution of Hongguang Mini ev to its supply chain according to its annual sales volume of 300000, 600000 and 1 million. Under the neutral hypothesis (annual sales volume of 600000), the listed enterprises with more than 20% revenue contribution include Wan'an technology, founder electric machinery, Yilida, Penghui energy and GuoXuan high tech.




WulingNew energy vehicles

Link to the original text:Financial Association

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