On August 8th, Jianghuai Automobile released its production and sales report. In July, the sales of Jianghuai Automobile reached 50600 units, a year-on-year increase of 15.55%, and it has achieved positive year-on-year growth for six consecutive months; From January to July, a total of 329400 vehicles were sold, an increase of 18.07% year-on-year.

　　Image source: Jiangqi Group

　　In terms of exports, Jianghuai Automobile continued to maintain a growth trend, exporting 11000 vehicles in July, a year-on-year increase of 32.25%; From January to July, a total of 102000 vehicles were exported, a year-on-year increase of 75.58%.

　　Jianghuai Automobile's commercial vehicle sales in July reached 18700 units, a year-on-year increase of 4.14%; From January to July, sales increased by 6.06% year-on-year. Specifically, for each sub category, multi-functional commercial vehicles increased by 298.17% year-on-year, medium trucks by 87.38% year-on-year, and heavy trucks by 58.68% year-on-year.

　　In the field of passenger cars, Jianghuai Automobile sold 31900 vehicles in July, a year-on-year increase of 23.46%. Its SUVs, MPVs, and sedans all achieved positive year-on-year growth; The cumulative year-on-year growth from January to July was 28.13%. Among them, in July, the sales of pure electric passenger vehicles by Jianghuai Automobile increased by 16.67% year-on-year and 28.99% month on month.

　　It is reported that the concept model - Jianghuai Ruifeng RF-M, which was previously unveiled at the Shanghai Auto Show, has been named the Jianghuai Ruifeng RF8 in mass production, positioned as an intelligent hybrid MPV. It is expected to debut at the Chengdu Auto Show and is expected to be launched in the fourth quarter of this year. The Jianghuai QX PHEV, which debuted at the same time, is expected to be officially launched in the second half of the year.

　　It is worth mentioning that recently, analysts revealed that Huawei is collaborating with Jiangqi Group to develop the Wenjie MPV model with a price of about 1 million yuan. It is expected to be mass-produced in the second quarter of 2024, with a sales target of delivering 50000 vehicles in the first year of launch. It believes that even if the pessimistic assumption is that the sales volume of Wenjie MPV in 2024 will only reach Huawei's target of 20% -30%, Jiangqi Group's 2024 revenue can still significantly exceed the market consensus by at least 20% -30%. Meanwhile, Wenjie MPV is jointly developed by Huawei and Jiangqi Group, and its net profit margin will also be higher than the company's average level. However, both Jianghuai and Huawei have stated that they are not aware of this.

　　This article is forwarded from Gaishi Automotive Information Network