Wuling Motors Posts Record Sales in First 2 Months of 2021
NANNING, March 14 (Xinhua) -- SAIC-GM-Wuling (SGMW), a major Chinese automobile manufacturer, reported strong new energy vehicle (NEV) sales in the first two months of 2021, the company has said.
SGMW, a joint venture between SAIC Motor, General Motors, and Liuzhou Wuling Motors, registered record NEV sales of 59,315 units in the January-February period.
SGMW produces NEV models including the Hongguang MINI EV, the new Baojun E300, the Baojun E100, and the Baojun E200.
The Hongguang MINI EV achieved robust sales of more than 36,000 units in January. As of March 4, total sales of the model have exceeded 200,000 units since it was launched 200 days ago, according to the company.
Of course a lot of exciting developments here #1 EV maker in China units sold. However 2 things that could be concerning is these cars range from $4400 to 6000 US. Also last I can tell there were 11bln shares. Other than that I can’t think of why we wouldn’t be excited about it. What else am I missing?
Wuling Motors #2 behind Tesla in China’s 2020 Best-Selling Top 10
The Chinese Hongguang Mini which is jointly developed by General Motors with Wuling Motors and stated-owned SAIC Motor outperformed the famous Tesla as the best-selling new energy vehicle in December and second-best for the year.
Wuling’s 2020 sales grew 8.8 percent to approach 1.1 million while Baojun deliveries slumped 34 percent to around 402,000.
Spurred by massive infrastructure projects Beijing rolled out in response to the coronavirus outbreak, China’s pickup segment bucked the overall market decline in 2020, rising 8.6 percent to some 491,000, according to the China Association of Automobile Manufacturers.
Wuling Motors won the "2020 Golden Hong Kong Stocks Best Automobile Company" award.
202 1 Nian 1 Yue 6 days, "Kim Kong stocks fifth annual awards ceremony" held in Shenzhen, Wuling Automobile ( HK305 ) from over 1000 stand at home Hong Kong stocks listed companies, was the fifth " Best Car Company " award, harvest Highly popular attention.
"The Fifth Golden Hong Kong Stocks Annual Awards Ceremony " is co-sponsored by Zhitong Finance and Tonghuashun Finance, a leading domestic Hong Kong and US stock information platform. The professional financial roadshow live platform " Big Roadshow " provides full roadshow support.
The " Best Automobile Company " aims to commend a Hong Kong-listed automobile manufacturing company that has a healthy corporate governance structure, a prominent position in the industry, and a good main business that can provide investors with continuous and stable value returns.
After being awarded the " Most Valuable Automobile and Industrial Manufacturing Company " award last year, Wuling Automobile has again won the fifth " Golden Hong Kong Stocks Best Automobile Company Award " this year. This is an affirmation of Wuling Automobile's contribution to the development of the automobile industry. It highlights the industry and investors' recognition of Wuling Motors' 2020 value investment.
As a domestic auto manufacturer with an independent brand, Wuling Motors has been focusing on the manufacturing and sales of auto parts, engines and special vehicles for many years. It is the Group's business development goal to seize major business opportunities in the rapidly growing global auto industry chain. Following the 30 years of vehicle manufacturing experience in Wuling, the Group has concentrated on researching core technologies for new energy vehicles, and has provided high-value parts and components to nearly 20 domestic and foreign OEMs, as well as providing high-quality and applicable vehicles and travel services to over one million users. Automotive Components Group has over 200 million sets, automobile engine 80 million units, special vehicles 10 million units annual production capacity management, has formed Liuzhou, Qingdao, Chongqing, Guiyang and other north-south linkage of four major production bases, and in Indonesia, India has established two overseas parts manufacturing bases. It is a national scientific and technological innovation demonstration enterprise, a national "863" project undertaking unit, and a 100 billion yuan industry Guangxi auto parts research and development center. It is also one of the few domestic Chinese local manufacturers that have entered the global top 100 auto parts powerhouses.
Wuling Motors insists on taking innovation as the core and continuously innovating products for the needs of the people. In recent years, the group has closely followed the development trend of new energy vehicles and is committed to providing customers with diversified and practical new energy vehicle productivity tools. Wuling Automobile has not only mastered the core technologies of motor drive technology, hybrid technology, vehicle control technology, and new energy vehicle integration during the development of new energy vehicles, but also mastered the " super high-strength steel pipe hot air bulge forming process and key common technologies. ” , Took the lead in developing and building the first ultra-high-strength tube hot-air bulge forming equipment and production line with independent intellectual property rights in China, which has solved the problems of new energy vehicle lightweight and safety regulations in side collisions, and helped major customers The production and sales of energy vehicles increased significantly.
Standing under the general trend of electrification, Wuling Motors has adopted a development attitude of focusing on R&D, refined operations, and win-win cooperation. In 2020 , it also launched a number of new energy logistics vehicles, wing-open vans ( " ground stall vehicles " ), and New products such as human-driven vehicles are launched, actively capturing the business opportunities of next-generation new energy vehicles, and are committed to continuously providing high-quality, efficient, and low-carbon transportation solutions for thousands of Wuling Motors customers.
202 1 Nian , Wuling Automobile at the same time stick to the main industry, will continue to promote new energy vehicles, new product innovation and upgrading, expanding and building a business ecosystem and new energy vehicle industry chain , and improve corporate value.