AutoBeta(AutoBeta.net)08/26 Report--

On August 26, Changan Automobile announced that the high temperature has continued since August, and the company has been informed by relevant departments to transfer electricity to the people, and the company has implemented power cuts and production cuts in the Chongqing base. Affected by this, the company's August production and sales target is expected to reduce about 100000 vehicles, which has a greater impact on the month's production and sales, but has a limited impact on the annual target. The company will actively maintain good communication with relevant departments on matters related to power supply security, optimize the production scheduling plan in September, and try our best to reduce the relevant impact.

Previously, due to the influence of high temperature weather, power supply and demand in Sichuan, Chongqing and other places were tight, and the two places issued power restriction measures one after another. On August 14, the relevant departments of the Sichuan provincial government issued an emergency notice on expanding the scope of industrial enterprises to transfer electricity to the people, requiring industrial power users to "transfer electricity to the people" and stop production for six days from the 15th. On August 16, the relevant departments of the Chongqing Municipal Government also announced the launch of a first-level power consumption plan to expand the "transfer" time of industrial enterprises from August 17 to 24, a total of 8 days.

Affected by this, a number of car companies in Sichuan and Chongqing have issued a notice to suspend production. Among them, Changan automobile is greatly affected by high temperature power restriction. In response to investors' questions on August 18, Changan Automobile said that at present, both Yubei and Liangjiang New area in Chongqing require industrial enterprises to limit power production and let electricity go to the people. Changan Automobile will respond positively to this call and give priority to ensuring the use of electricity for people's livelihood.

After being subject to the power restriction policy, Changan Deep Blue, a brand owned by Changan Automobile, also issued a stop-production notice on its APP, showing that in order to fully protect people's livelihood, Changan Deep Blue and its major suppliers have responded positively to the government's call for orderly power use since August 15, 2022, suspending the production of SL03 vehicles and spare parts to allow electricity to the people. It is expected that this round of production shutdown will last until the 24th, which will have a certain impact on the total production and delivery scale of SL03 this month. For this, we deeply apologize!

According to the concern of the automobile industry, among all the more than 700 supporting enterprises of Changan Automobile, there are more than 200 supporting enterprises in Sichuan and Chongqing, accounting for 30%. The supply chain in Sichuan and Chongqing is self-evident to Changan Automobile. Changan Deep Blue as a new brand of Changan Automobile, the first new energy car Changan Deep Blue SL03 officially launched on July 25, a total of four new models were launched, with a price range of 16.89-699900 yuan. About half an hour after the launch of the new car, Changan Deep Blue released a message saying that "SL03 orders have exceeded 10,000". After entering the delivery date of the new car in August, the suspension of production caused by the shortage of power supply means that the delivery of the new car will be delayed. As an all-new model, the delay in delivery soon after its launch will have an impact on its subsequent sales performance.

According to Changan Automobile production and sales data, from January to July this year, the cumulative sales of Changan Automobile was 1326675, down 3.78% from the same period last year; the cumulative sales of independent brands was 1059125, down 3.66% from the same period last year; the sales of independent passenger cars were 757517, up 0.44% from the same period last year; and the cumulative sales of independent brands of new energy were 108354, up 116.34% from the same period last year. According to the plan, Changan Automobile will achieve its annual sales target of 2.45 million vehicles in 2022. Based on this calculation, Changan Automobile has achieved 54.2 per cent of its annual sales target from January to July this year.

Changan New Energy officially announced that orders for Mercedes-Benz E-Star models would be suspended from 00:00 on July 1, 2022, due to the shortage of upstream raw materials and capacity restrictions on vehicles and spare parts. Mercedes-Benz E-Star is the best-selling new energy model among Changan new energy brands. Data show that the cumulative sales of new energy vehicles in the first half of this year were 85000, achieving 42.5% of the annual sales target of 200000 new energy vehicles, most of which came from Mercedes-Benz E-star, that is to say, without other products to replace, the suspension of orders by Mercedes-Benz E-star will have a certain impact on Changan car sales. However, fortunately, Changan Automobile gradually has a complete product matrix in the field of new energy vehicles.

In the field of new energy vehicles, Changan Automobile will cover low, middle and high-end three major markets, of which the Avita brand focuses on the high-end market. The first model, Avita 11, was launched on August 8, positioning as a medium-sized pure electric SUV, with a total of three models with a price range of 34.99-409900 yuan. Tan Benhong, chairman and CEO of Avita Technology, said that orders for the car have exceeded 20, 000 units, mainly focused on models priced at 369900 yuan and 409900 yuan, and delivery is scheduled to begin in December this year. The deep blue brand focuses on the mid-and high-end market. The first model, the Changan SL03, was launched on July 25. The new car is based on the EPA1 platform. A total of four models are launched with a price of 16.89-699900 yuan. It offers three versions: pure electric version, extended range version and hydrogen version, positioning medium-sized cars. Changan LUMIN brand focuses on the low-end market, the first model is Changan Lumin waxy corn officially launched on June 10, the new car is based on the new EPA0 pure electric platform, positioning pure electric minicar, the price range is 4.89-63900 yuan. According to the previous development trend of Changan Automobile, it is not difficult for Changan Automobile to achieve its sales target in the expansion of sub-brands and the listing of a number of new cars. However, in the impact of the above emergencies, Changan Automobile may face greater pressure.

It is understood that Sichuan and Chongqing is one of the six major automobile industry clusters in China, with 45 automobile enterprises and 1600 auto parts enterprises, with an annual output value of more than 600 billion yuan and an annual output of nearly 3 million cars. Relevant data show that the annual production capacity of Sichuan and Chongqing is 2.7254 million vehicles in 2021, accounting for 10.3% of the country's annual automobile production capacity. Changan Automobile is greatly affected by high temperature power cuts this time. This incident may have a greater impact on the annual sales of Changan Automobile. In addition to Changan Automobile, also due to the impact of high-temperature power cuts, Sichuan FAW Toyota, Ningde era Sichuan Yibin plant and other car companies are also facing suspension of production, but the above-mentioned car companies have not yet announced whether they will be affected by high-temperature power cuts. In addition to the automobile manufacturing mainframe factory, the auto parts supply chain and post-market service-related enterprises are also affected to varying degrees.

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