Guangqi AEA May sales hit a record high of 21,056 units

Guangqi AEA achieved a new record high of 21,056 units in May, following the breakthrough of the 20,000-unit threshold in March. The May sales, representing a year-on-year increase of 150%, also set a new brand history high. From January to May, the cumulative sales volume was 76,142 units, increasing by 122% year on year, and maintaining the dominant position in the pure electric new energy vehicle market.

After experiencing the “Waterloo” in April, the domestic new energy vehicle market continued to receive good news in May.

Firstly, with the improvement of the epidemic, the two major automotive industry “heavyweight” centers in Shanghai and Geelyn resumed their operations, and many main engine factories were able to continue production with parts that were previously scarce, effectively alleviating the serious shortage of production capacity.

In addition, local governments have launched various subsidy policies to stimulate car consumption.

However, in the short term, the impact of the epidemic on the car market has not yet been eliminated. According to the latest data from the China Association of Automobile Manufacturers, it is expected that about 80% of manufacturers will experience a year-on-year decline of more than double digits in May. In addition, the supply of parts is unlikely to be resolved quickly. For example, Bosch entered the “white list” of Shanghai’s resumption of production very early, but due to the shortage of raw materials and other factors, its production capacity only recovered to 30%-75% in mid-May. As a result, many main engine factories still face pressure from falling sales or blocked growth.

How does AEA achieve this high sales volume?

• With the support from the Guangqi Group, AEA has a strong global supply chain system advantage.

• AEA adheres to a dual-track development path of independence and cooperation, multiple parallel developments of technologies and programs, and constructs a complete and strong risk-resistant supply chain system.

On June 1, Shanghai lifted its lockdown and most companies resumed full production. With the comprehensive factors of the factory, policies, and other factors, it is believed that AEA’s sales in June will continue to rise.

This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.