Summary of the Conference Call for Beiqi Blue Valley Company Overview - The conference call focuses on Beiqi Blue Valley, a company involved in the electric vehicle (EV) market in China, particularly with its brands Enjoy and Arcfox [2][3]. Key Points and Arguments Product Launches and Sales Performance - The pre-sale price of the Enjoy S9T is set at 329,800 RMB, which is lower than expected, potentially stimulating sales and alleviating previous poor sales due to range and pricing issues of the pure electric S9 [2][3]. - The launch of the range-extended version of the S9 has effectively addressed range anxiety, with a price that is 90,000 RMB lower than the pure electric version, leading to a recovery in sales [2][3]. - The F9T model is expected to outperform the previous year's F9 in terms of pricing, powertrain options, and public perception, potentially becoming a new growth driver for Beiqi Blue Valley [2][3]. Market Position and Competitive Landscape - The luxury sedan market in China, priced above 300,000 RMB, is still dominated by BBA brands (Benz, BMW, Audi), but there is an opportunity for emerging EV brands to disrupt this market through strong product offerings [2][4][5]. - The Enjoy S9 is currently the best-selling model in the high-end EV sedan segment priced above 300,000 RMB, with expectations that the combined monthly sales of S9 and S9T could reach 8,000 to 10,000 units by year-end [2][6]. Financial Projections - If the Enjoy S9 and S9T meet their sales targets, the total sales for the year could reach 150,000 units, translating to revenue of approximately 52 to 55 billion RMB, with the Enjoy brand's valuation potentially exceeding 70 billion RMB [2][6]. - The Arcfox brand, with the new T1 model, has seen pre-sale orders exceed 15,000 units, with projected annual sales of 250,000 to 300,000 units, corresponding to revenue of 25 to 30 billion RMB [2][7]. Future Outlook - The overall outlook for Beiqi Blue Valley is positive, with expectations that the Enjoy brand could achieve annual sales of 150,000 units and the Arcfox brand could reach 250,000 to 300,000 units, leading to a combined valuation of over 900 billion RMB by 2026 [2][8]. - The strong pre-sale performance of the S9T and T1 models indicates that Beiqi Blue Valley may be undervalued in the current market, suggesting a significant growth opportunity [2][8]. Additional Important Insights - The current market dynamics indicate that while traditional luxury brands maintain a stronghold, the evolving landscape in the SUV market suggests that high-end German brands may struggle against emerging EV competitors if they do not enhance their product offerings [5][6]. - The introduction of new models and the strategic pricing of existing models are crucial for Beiqi Blue Valley to capture market share and enhance its competitive position in the high-end EV segment [2][3][4].