SERES(SH:601127)2022-03-17 10:31Group 1: Partnership and Collaboration - The collaboration between Xiaokang and Huawei has set a precedent for cross-industry cooperation between automotive and ICT sectors, leveraging Xiaokang's expertise in vehicle development and Huawei's understanding of customer needs [1] - The AITO M5 model was launched in December last year, with mass delivery starting in March this year, showcasing the efficiency of the partnership [2] Group 2: Product Development and Future Plans - Xiaokang plans to launch a new mid-to-large SUV model this year and a new large SUV is expected to be released in 2023 [2] - The company will also introduce a pure electric vehicle this year [2] Group 3: Production Capacity and Supply Chain - The production capacity at the Chengdu Sairis Liangjiang Smart Factory is 30 units per hour, with a new model being produced at the Sairis Phoenix Smart Factory [2] - Xiaokang has signed a 5-year battery supply agreement with CATL to ensure a stable supply chain, addressing challenges posed by the pandemic [3] Group 4: Sales and Distribution Strategy - The goal is to establish a presence in 100 cities with 1,000 stores; as of the end of February, over 400 stores have been opened for the M5 model [3] - The sales revenue from vehicles is retained by Xiaokang, while Huawei assists in reducing initial sales costs through its retail channels [2]