Today, the A-share auto parts sector was strong throughout the day. C Veken rose by more than 30%, Pengling shares and Zhengqiang shares rose by the 20cm daily limit, Derivative Technology rose by more than 19%, Sulian shares rose by more than 12%, Shanzi shares, Xingmin shares rose by more than 12% Zhitong, Soling shares, Jingwei shares, Huguang shares, and Longji Machinery have daily limit.
On the news, on the evening of July 26, Volkswagen announced that it had reached a technical cooperation framework agreement with Xpeng Motors, and invested $700 million in Xpeng Motors. A person familiar with the matter told the first financial reporter that the negotiation between Volkswagen and Xpeng Motors had already begun in the fourth quarter of last year; the first model of cooperation between Volkswagen and Xpeng Motors will be jointly developed based on the electric vehicle platform and software of Xpeng G9 In the cooperation between the two parties, Xiaopeng Motors will contribute the vehicle platform, smart cockpit and smart driving system, and Volkswagen will provide the world's leading engineering and supply chain capabilities.
As of press time, Xiaopeng Motors’ U.S. stocks are now up more than 4%, and closed up more than 26% yesterday. As of the close of Hong Kong stocks today, Xiaopeng Motors rose 34%.
On the investor interaction platform, a number of related companies responded to their cooperation with Xiaopeng Motors. Meichen Eco said that the company, as a Tier 1 supplier of Xiaopeng Motors, already has a number of mass production projects in stable supply. Sulian shares stated that the company has become a first-tier supplier of Xiaopeng Motors in 2021. Zhonghai-Target said that at present, the company's vehicle-end software and hardware products have been designated for use in a number of mass-produced new models such as Xiaopeng. Jinlu Electronics said that PCB products are used in Xiaopeng Motors.
In addition, the Ministry of Industry and Information Technology and the National Standardization Management Committee issued the "Guidelines for the Construction of the National Internet of Vehicles Industry Standard System (Intelligent Networked Vehicles) (2023 Edition)" yesterday. It is proposed that by 2025, the system will form an intelligent networked vehicle standard system that can support general functions of combined driving assistance and automatic driving. By 2030, an intelligent networked vehicle standard system that can support the coordinated development of single-vehicle intelligence and networked empowerment will be fully formed.
Ping An Securities Research Report believes that the Volkswagen Group's capital increase in Xpeng Motors and the strategic cooperation with Xpeng and SAIC are milestone events in the history of my country's auto industry. Exchange technology for the market”, Chinese car companies will also transform from technology importers to technology exporters in the past, and they are optimistic about the opportunities for self-owned brand car companies to rise in the era of smart new energy vehicles.
Caitong Securities stated that the structure of the electric vehicle industry is being reshaped, and more cooperation is expected to be implemented. The Volkswagen Group not only reached a strategic cooperation with Xiaopeng Motors this time, Audi, a subsidiary of the Volkswagen Group, signed a strategic memorandum with its Chinese joint venture partner SAIC to further deepen the existing cooperation. Through joint development, the two parties will quickly and efficiently expand the product portfolio of intelligent connected electric vehicles in the high-end market. As a first step in planning, Audi will enter market segments that were not previously covered in China by launching a new electric model. We believe that self-owned brands are expected to continue to expand cooperation with overseas giant car companies by virtue of their leading advantages in the field of smart electric vehicles, and look forward to more cooperation in the future.
Guotai Junan said that Volkswagen’s stake in Xiaopeng Motors will create a win-win situation for both parties. At the same time, it also confirms the technological leadership of Chinese auto brands in the field of smart electric vehicles. In the face of new development opportunities, we continue to recommend three main lines: high prosperity new energy main line, intelligent main line and self-owned brand main line.