JAC Truck: 138400 vehicles were sold in the first quarter, with a year-on-year growth of 97.10%

May 15, 2023

On April 7, 2023, JAC Motors Automobile Group Co., Ltd. (hereinafter referred to as "JAC Motors") released the Production and Sales Express of JAC Motors Automobile Group Co., Ltd. in March 2023. The express report shows that in March 2023, the sales volume of JAC Motors will be 53000 units, with a year-on-year growth of 24.10%. In the first quarter, the cumulative sales volume will be 138400 units, with a year-on-year growth of 6.97%, including 19000 units exported in March, with a year-on-year growth of 153.96%, and 46200 units exported in the first quarter, with a year-on-year growth of 97.10%.

Since 2023, the domestic automotive market has shown a sluggish trend due to multiple factors. At a time when subsidy policies have withdrawn and the vitality of terminal consumption has not yet fully recovered, there has been an unprecedented price war in the automotive industry. According to the analysis of the China Association of Automobile Manufacturers, the demand for the car market in March was initially released, but due to the increased wait-and-see sentiment among consumers caused by the price reduction promotion of various enterprises, the overall market recovery speed was lower than previously expected. According to the car market sales data released by the Passenger Car Association on March 22nd, from March 1st to 19th, the passenger car market sold 700000 vehicles, a year-on-year decrease of 8% and a decrease of 4%. Since the beginning of this year, a total of 3.379 million vehicles have been sold, a year-on-year decrease of 18%.

Against this background, it is not easy for JAC Motors Motors to achieve double growth in sales in March and the first quarter.

Cohesive development of intelligent vehicles and intelligent new energy vehicles

The growth in sales stems from the formulation of correct strategic planning and strong implementation. Since the "14th Five Year Plan", JAC Motors has adhered to the enterprise strategy of "taking innovation as the main line" and the development route of "focusing on the development of intelligent vehicles and intelligent new energy vehicles", continued to increase investment in construction and research and development in intelligence, electrification, networking and other aspects, continued to promote product iteration and upgrading, and strengthened the foundation for high-quality development of the enterprise.

In 2022, JAC Motors will sell 302000 passenger cars, a year-on-year increase of 19.64%, which is higher than the industry. In the first quarter of 2023, JAC Motors Motor sold 78600 passenger cars, a year-on-year increase of 21.06%. Among them, the sales of basic passenger cars (sedans) increased by over 400% year-on-year in the first quarter.

In the field of commercial vehicles, JAC Motors Motor is also constantly deepening the transformation and upgrading of new energy. JAC Motors's JAC 1 card follows the trend, comprehensively upgrades its development strategy, lays out the troika of "fuel+pure electricity+hybrid", and starts the new energy era. Among them, Jianghuai 1 Card breaks the traditional layout of fuel and pure electricity in the light truck industry through forward-looking technology leadership, creating a hybrid dedicated platform, and laying out the four major technological paths of hybrid 1. Its world's first green automatic transmission light truck equipped with PS power split hybrid technology and a range of over 1000 kilometers, the hybrid 1 Junling Jubao Pen, was officially launched in March, marking a successful breakthrough in hybrid technology in the light truck industry. In March, JAC Motors sold 25200 vehicles in the field of commercial vehicles, up 32.88% year on year, including 18800 light trucks, up 26.21% year on year

The pace of 'going to sea' continues to accelerate

It should be noted that over the years, JAC Motors Motor has continued to deepen its efforts in overseas strategic markets and key markets, with many overseas highlights and gains. Since 2023, JAC Motors has achieved positive year-on-year growth in exports for three consecutive months.

In late February, JAC Motors Motor held a delivery ceremony for 10000 passenger cars in the UAE, which not only marked another key breakthrough in JAC Motors Motor's passenger car export business in the UAE and even the entire Gulf region, but also laid a solid foundation for JAC Motors's subsequent "acceleration" to the sea.

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