CHANGAN AUTOMOBILE-B(SZ:000625)2024-09-12 11:28Sales and Production Goals - The 2024 sales target for new energy vehicles is set at 750,000 units, with the Changan Qiyuan brand aiming for 250,000 units and the Deep Blue brand targeting 280,000 units [1] - The Deep Blue S07 model, launched on July 25, 2024, achieved 14,231 orders within the first month [1] - The Avita brand has a sales target of 90,000 units for the year, with the introduction of new electric and range-extended models [1] Overseas Market Expansion - From January to August 2024, Changan's overseas sales reached 257,000 units, a year-on-year increase of 66.4% [2] - The company has established a "1+5+2" global development layout, enhancing operational management in overseas markets [2] - The first overseas base, the Thailand New Energy Base, is on track to commence production in Q1 2025 [2] Financial Performance - In the first half of 2024, Changan reported revenue of 76.72 billion yuan, a year-on-year increase of 17.2% [2] - The net profit attributable to shareholders was 2.83 billion yuan, with a significant drop due to a non-recurring gain from the acquisition of Deep Blue Automotive Technology [2] - In Q2 2024, revenue reached 39.7 billion yuan, a quarter-on-quarter increase of 7.2% and a year-on-year increase of 28.33% [2] Avita Technology Highlights - Avita's Kunlun range-extended technology was launched in August 2024, featuring a 39 kWh battery with a peak discharge rate of 9C [3][4] - The technology includes a 1.5T supercharged engine with a thermal efficiency of 44.39%, significantly reducing fuel consumption [4] - The range-extended models are designed to operate efficiently in extreme temperatures, ensuring battery functionality from -35°C to 65°C [4]