CIMC VEHICLES(SZ:301039)2023-10-31 10:28Group 1: Company Strategy and Development - The company is embarking on a "third entrepreneurship" journey, focusing on efficient deployment of the "Starlink Plan" to establish a benchmark for supply-side reform in the domestic semi-trailer industry [2] - The company aims to deepen the construction of a "Lighthouse Manufacturing Network" and continuously empower high-end manufacturing systems and new management infrastructure [2] - Accelerating layout in the new energy sector, innovating products and business models, and initiating the "Deep Space Exploration Plan" to reshape the North American business landscape [2] Group 2: Market Regulations and Impact - In May 2023, the National Automotive Standardization Technical Committee issued a letter regarding the implementation of GB 7258-2017 and GB 1589-2016 standards, guiding the technological upgrade direction of semi-trailer vehicles [3] - The evolving market environment in China is expected to lead to compliance, standardization, intelligence, electrification, and lightweight development of semi-trailers, releasing new demand for compliant vehicles [3] Group 3: North American Business Overview - The company's North American operations focus on refrigerated semi-trailers, box semi-trailers, and container chassis products, with well-known local brands like "Vanguard" and "CIE" [3] - Major clients in the North American market include top transportation companies and semi-trailer leasing firms such as JB Hunt, Star Leasing, and Direct ChassisLink [3] Group 4: Performance of Strong Crown Business Group - Despite a lack of recovery in the Chinese specialized vehicle market, the Strong Crown Business Group has maintained stability and increased market share in niche markets [4] - The group has also expanded internationally, achieving growth in sales and revenue year-on-year, supported by the release of demand for new energy specialized vehicles [4]