In February, Chongqing Sokon Industry Group Stock (601127.SH) saw a year-on-year growth of 360% in new energy vehicles. AITO continued to be the monthly sales champion among the new forces.

On March 1st, Chongqing Sokon Industry Group Stock (601127.SH) released the February production and sales report. The data shows that in February, Chongqing Sokon Industry Group Stock's new energy vehicle sales reached 30,257 units, a year-on-year increase of 360.04%; from January to February 2024, Chongqing Sokon Industry Group Stock's cumulative new energy vehicle sales reached 67,095 units, a year-on-year increase of 485.37%. In February 2024, AITO Wanjie delivered 21,142 new vehicles, with AITO Wanjie's new M7 delivering 18,479 units in a single month, accumulating over 100,000 deliveries. Wanjie M7's cumulative orders have exceeded 150,000 units, leading the monthly sales chart of new energy vehicles in China with an absolute advantage, creating a new sales record for a single model of a Chinese automotive brand. Chongqing Sokon Industry Group Stock's Wanjie is firmly among the top five luxury brands Since the beginning of this year, AITO Wanjie has shown continuous upward momentum. Data shows that from January 1st to February 18th, 2024, Chongqing Sokon Industry Group Stock's Wanjie's cumulative sales of 46,200 units have firmly placed it among the top five luxury brands in the Chinese market. It is worth mentioning that in the fourth week of February (Feb 19-25), Wanjie entered the top 3 luxury brand rankings with a weekly sales of 7,200 units, surpassing traditional luxury brands Audi and Mercedes-Benz, ranking only below Tesla and BMW, making it the highest-ranking Chinese brand in the luxury brand rankings. On February 26th, Chongqing Sokon Industry Group Stock's Wanjie M9 nationwide delivery was fully launched, officially ushering in large-scale deliveries in over a hundred cities. As the latest product jointly developed by Chongqing Sokon Industry Group Stock and Huawei over 3 years, Wanjie M9 has been well received by users, with cumulative orders exceeding 50,000 units in just 62 days since its launch. In addition, AITO Wanjie M5/new M7 versions have also accelerated delivery, with delivery available within 2-4 weeks. Currently, Chongqing Sokon Industry Group Stock's vehicles have over 700 experience centers and over 200 user centers in 220 cities, providing users with a better product and service experience. Super factory completion and operation continues to be favored by institutions On February 5th, Chongqing Sokon Industry Group Stock's automotive super factory was completed and put into operation. Built according to international leading standards and industrial Internet requirements, the factory has four major characteristics of efficiency, intelligence, cutting-edge, and green, becoming a new benchmark for smart manufacturing in the automotive industry. The factory has over 3,000 Siasun Robot & Automation intelligent collaborations, achieving 100% automation in key processes; using industry-leading quality automation testing technology, achieving 100% quality monitoring and traceability; using the world's leading 9000T die-casting machine, achieving the highest integration in integrated die-casting components; and achieving the highest production efficiency in the world. Chairman (Founder) of Chongqing Sokon Industry Group Stock, Zhang Xinghai, said: "M9 is a high-end luxury boutique model that we meticulously created with the aim of 'putting users at the center and serving users wholeheartedly'. We will continuously iterate and improve to meet all users' needs as quickly as possible. Let high-end be even higher-end, let luxury be even more luxurious, let intelligence be even smarter!" Several research reports from institutions also look positively at the future market performance of Chongqing Sokon Industry Group Stock's Wanjie M9. Huaxin Securities pointed out in a research report that Wanjie M9 has started delivery and the new model is expected to continue to perform well. Founder's latest research report believes that with the increase in AITO Wanjie M9's production capacity, the sales proportion within the AITO Wanjie brand will continue to rise, driving Chongqing Sokon Industry Group Stock's increase in both volume and price. It is expected that by as early as June 2024, the model may achieve a turnaround from losses to profits in terms of profit contribution, and the profit cycle may start in the third quarter of 2024.