Weichai Power(SZ:000338) Guan Cha Zhe Wang·2025-09-29 11:27Core Insights - The article discusses the launch of the new A0-class electric vehicle, Bingguo S, by Wuling, priced between 63,800 to 76,800 yuan after trade-in subsidies, as part of its "Transportation Vehicle 3.0 Strategy" [1][3] Market Context - The A0-class electric vehicle market has shown a resurgence, with sales reaching 543,000 units from January to July this year, of which 538,000 were electric vehicles, marking a 100.3% year-on-year increase, making it the fastest-growing segment [3][5] - The market has been revitalized by the introduction of various high-quality small cars, contrasting with the previous stagnation due to low configurations and small spaces [5] Product Features - Bingguo S boasts a spacious design with dimensions of 4265mm in length, 1785mm in width, and 1600mm in height, along with a wheelbase of 2610mm, providing ample interior space [7] - The vehicle includes 25 storage compartments and a maximum trunk capacity of 1450L when the rear seats are folded down [7] - It features advanced technology with an 8.88-inch digital instrument panel and a 12.8-inch touchscreen, powered by a Qualcomm 6125 chip, supporting multiple connectivity protocols [9] Safety and Competitive Positioning - Bingguo S incorporates a five-dimensional safety system, utilizing high-strength steel and advanced battery technology to enhance safety [11] - Despite its advantages in space and pricing compared to competitors like Geely's Xingyuan and BYD's Haiou, Bingguo S faces challenges in market recognition and value perception [11][12] Strategic Direction - Wuling's "Transportation Vehicle 3.0 Strategy" aims for premiumization and globalization, supported by the I²MS intelligent manufacturing system, which enhances production efficiency and reduces costs [14] - The company has expanded its electric vehicle presence to 27 countries, with plans for Bingguo S to enter the European market by 2026 [14]