Jiangqi Group’s ＂New＂ Breakthrough, Sustained Development and Toughness-State-owned Assets Supervision and Administration Commission of the State Council

Recently, Anhui Jianghuai Automobile Group Co., Ltd. (hereinafter referred to as "Jiangqi Group") released the Third Quarter Report of Anhui Jianghuai Automobile Group Co., Ltd. in 2024. According to the report, the total operating income of Jiangqi Group in the first three quarters was 32.271 billion yuan, and the net profit attributable to shareholders of listed companies was 625 million yuan, a substantial year-on-year increase.

Continuous optimization of product structure

Jiangqi Group continuously optimizes its product structure and continuously introduces intelligent new energy products with more cost performance, which provides stable support for the growth of product sales and the high-quality development of enterprises.

In the passenger car sector, Jiangqi Group built the first MUSE architecture exclusive to MPV in China, and launched the first flagship model Ruifeng RF8 equipped with Huawei car. With its excellent design, excellent driving experience and rich configuration, it successfully occupied a place in the market. In order to meet the travel needs of large family users, Jiangqi Group has built Jianghuai X8 E home, which provides consumers with more comfortable and higher-quality travel choices with the advantages of wide space, safety and intelligence. In addition, Jianghuai Yttrium has launched iterative products such as Yttrium 3 Love Edition and Flower Fairy Love Edition. In the commercial vehicle sector, Jiangqi Group continued to accelerate the transformation of new energy, and successively launched new energy products such as Shuailing EV5 and Shuailing ES6. In the first three quarters, the overall sales of Jianghuai commercial vehicles increased year-on-year, while the sales of new energy commercial vehicles increased by over 70% year-on-year. Facing the fierce market competition, Jianghuai pickup truck focused on the new energy pickup truck market and launched pure electric pickups such as Jianghuai T6 EV and Jianghuai T8 EV. With the launch of a variety of intelligent new energy products, the sales volume of Jiangqi Group has increased steadily.

Actively explore overseas markets

Since 2024, Jiangqi Group has made new breakthroughs in several overseas strategies and key markets.

Among them, in key markets such as Brazil, JAC electric vehicles have won many orders from Fortune 500 companies and governments. In March 2024, Jiangqi Group won 600 electric VAN orders in the Brazilian market, realizing a new breakthrough of Jiangqi Group in the Brazilian new energy vehicle market. Jiangqi Group held a brand launch conference in Malaysia, where T9 fuel pickup truck and T9EV, China’s first four-wheel drive pure electric pickup truck, were released, and a number of models such as fuel light trucks and I40, I75 and I90 electric light trucks were also launched. After fifteen years’ development, Jianghuai pickup truck is currently selling well in more than 130 countries and regions around the world. From January to September, Jianghuai pickup trucks exported nearly 30,000 vehicles, up 44% year-on-year, ranking first in the industry.

During the Hanover International Transportation Expo in Germany, Jiangqi Group released the European strategy for the first time, linking the upstream and downstream industrial chain resources such as energy supply, financial services, clothing and logistics enterprises through all-round localized operations such as products, marketing and services, and committed to creating a new benchmark of "last mile" green logistics, contributing to energy conservation and emission reduction in Europe and even the whole society, and jointly creating a green and intelligent new ecology.

Continue to deepen open cooperation.

While Jiangqi Group has continuously made new progress on the road of independent development, its cooperation with Huawei has also continued to advance. According to relevant media reports, the first car of Zunjie brand jointly built by Jianghuai Automobile and Huawei will be unveiled at this year’s Guangzhou Auto Show. MAEXTRO Zunjie is the fourth smart car brand created by Huawei in cooperation with automobile companies.

[Editor: Zhang Yuhui]