The order volume of M5 in the world exceeded 10,000, and the sales volume of new energy vehicles of Xiaokang shares "returning oil to electricity" accounted for 52%.

Changjiang business news ● Changjiang Business Daily reporter Jin Du

The model AITO Wenjie M5, jointly developed by Huawei and Cellis, a subsidiary of Xiaokang, has recently attracted attention from all walks of life.

Recently, a reporter from Changjiang Business Daily visited Huawei’s flagship store in Wuhan and found that the logo "Sailis" was very conspicuous on the rear of the M5 on the first floor. A salesperson told reporters that the newly produced M5 will remove the "Sailis" tail label and will not be labeled with the "Huawei" tail label.

With the blessing of M5, the sales volume of Xiaokang shares (601127.SH) keeps rising. The reporter of Changjiang Business Daily found that in May, the production and sales volume of new energy vehicles of Xiaokang shares surpassed traditional fuel vehicles for the first time, accounting for 52.28%.

According to the sales data released by M5, the delivery volume reached 5,006 vehicles in May, exceeding 5,000 vehicles for the first time. By the end of May, the cumulative delivery volume of the M5 has exceeded 11,000 vehicles, which has set a new record for the fastest delivery of a single model of a new brand.

A salesperson of Huawei’s flagship store in Wuhan said that at present, the number of orders for M5 in the world exceeds 10,000 per month, and it continues to increase.

A person familiar with the matter told Changjiang Business Daily that the M7 will be listed at the end of June or early July.

Ask M5 or remove the "Sailis" tail mark.

On May 1st, Huawei’s first flagship store in Central China settled in Wuhan Vientiane City.

Recently, a reporter from Changjiang Business Daily visited Huawei’s flagship store in Wuhan and found that there were four cars in the car exhibition area on the first floor, and the "Sailis" logo at the rear of the car was very conspicuous.

A salesperson told Changjiang Business Daily that the newly-produced M5 will be Weimar Automobile and will not be labeled as "Huawei", but will be presented as an independent brand.

In this regard, Changjiang Business Daily reporter sent an interview letter to Xiaokang, but no reply was received as of press time.

Wenjie M5 was jointly built by Cyrus and Huawei. According to official website, the current price of the standard version of rear-drive is 259,800 yuan, the performance version of four-wheel drive is 294,800 yuan, the version of four-wheel drive is 288,800 yuan and the flagship version of four-wheel drive is 331,800 yuan.

As a vehicle jointly developed by Huawei and Cyrus, AITO Wenjie M5 is also the first vehicle equipped with Huawei’s HarmonyOS cockpit. The core power comes from Huawei’s Drive ONE pure electric drive range extension platform, and Huawei is deeply involved in R&D and manufacturing.

Recently, the customer of the M5 has caused a heated discussion in the market because the user removed the "Sailis" tail label and affixed the "Huawei" logo. Many car owners bluntly said: "After changing the label, it has simply injected soul."

In this regard, Zhang Zhengping, chairman of Xiaokang Co., said frankly at the shareholders’ meeting that if the product is good or not, the market has the final say. If the product is not good, no matter who posted it, no one will buy it.

Zhang Zhengping also said that the high degree of attention paid by M5 in the world is an inspiration and affirmation for the cooperation between Xiaokang and Huawei. The spur of users is the biggest driving force for us to move forward, and bringing good experience to users is the cornerstone for us to forge good products.

Interestingly, in the 2021 annual report, Xiaokang shares made no mention of Huawei.

However, Xiaokang Co., Ltd. emphasized in its annual report that the M5 of Wenjie is equipped with a 3.0 range extender independently developed by the company, which can achieve a vehicle mileage of more than 1,000 kilometers, and can continue driving even without charging conditions.

It should be noted that Zhang Zhengping also revealed at the shareholders’ meeting that Xiaokang shares are increasing the layout of new energy industries by increasing investment in technology research and development of new energy vehicles and construction of sales channels.

On the evening of May 23rd, Xiaokang announced that the issuance review committee of China Securities Regulatory Commission had reviewed the company’s application for non-public offering of shares in 2022. According to the results of the meeting, the company’s application for non-public offering of shares was approved.

According to the revised plan for the non-public offering of A shares in 2022 released by Xiaokang in March, the total amount of funds raised by the company is expected to be no more than 7.13 billion yuan (inclusive).

Among them, the total investment of electric vehicle development and product platform technology upgrading projects reached 4.748 billion yuan, and it is planned to use the raised funds of 4.31 billion yuan; The total investment of the intelligent upgrading of the factory and the construction of electric drive production line is 633 million yuan, and it is planned to use the raised funds of 610 million yuan; The total investment of the user center construction project is 223 million yuan, and it is planned to use the raised funds of 210 million yuan; To supplement the working capital, it is planned to use the raised funds of 2 billion yuan.

Xiaokang shares’ sales of new energy vehicles increased by 2.1 times in May.

With the blessing of M5, the sales of new energy vehicles in Xiaokang shares have been rising, realizing "oil returning to electricity".

On June 2nd, Xiaokang Co., Ltd. released a production and sales bulletin, showing that the output of new energy vehicles reached 36,200 in the first five months, up by 258.97% year-on-year. The sales volume reached 33,200 vehicles, a year-on-year increase of 212.33%. The output of other models (fuel vehicles) of the company reached 66,400, down 39.91% year-on-year; Sales reached 66,800 vehicles, down 33.78% year-on-year.

In May, the output of new energy vehicles in Xiaokang reached 11,100, a year-on-year increase of 273.97%. Sales reached 10,500 vehicles, up 244.04% year-on-year. The output of other models of the company reached 10,400 units, down 63.98% year-on-year; Sales reached 9542 vehicles, down 61.71% year-on-year.

The reporter of Changjiang Business Daily found that in May, the production and sales volume of new energy vehicles of Xiaokang shares surpassed traditional fuel vehicles for the first time, accounting for 52.28%.

"Returning oil to electricity" is also an intentional move of Xiaokang Co., Ltd. In the 2021 annual report, the company claimed to be a technology-based manufacturing enterprise with new energy vehicles as its core business, with a perfect R&D, supply, manufacturing and sales system.

It should be noted that in the sales of new energy vehicles in the first five months of Xiaokang Automobile, the output of Sailis reached 9,933, an increase of 1,520.39% year-on-year; Sales reached 8483 vehicles, up 1211.13% year-on-year.

Among them, in May, the output of Sailis reached 3,125 vehicles, up 1,115.95% year-on-year; Sales reached 3,439 vehicles, up 1,248.63% year-on-year.

On April 19th, 2021, Sailis SF5, a subsidiary of Xiaokang, was officially listed at the 19th Shanghai International Auto Show.

On December 23, 2021, the medium-sized luxury SUV, the high-end smart electric vehicle, made its debut at the press conference, and it was delivered nationwide on March 5, 2022.

In less than three months from listing to delivery, the brand-new M5 achieved the delivery of over 3,000 vehicles in the first month, and entered the top five sales of high-end new energy SUVs with a price of over 200,000 yuan in the first month.

On June 1st, the sales data released by M5 showed that the delivery volume reached 5,006 vehicles in May, exceeding 5,000 vehicles for the first time. By the end of May, the cumulative delivery volume of the M5 has exceeded 11,000 vehicles, which has set a new record for the fastest delivery of a single model of a new brand.

A salesperson of Huawei’s flagship store in Wuhan said that at present, the number of orders for M5 in the world exceeds 10,000 per month, and it continues to increase.

In addition, it is reported that the M7 of Celeste luxury smart large-scale electric SUV will be released soon.

A person familiar with the matter told Changjiang Business Daily that the M7 will be listed at the end of June or early July.

Editor: ZB

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