Caitong Securities: Maintains "buy" rating on Jianghuai Automobile, fundraising for investment in high-end intelligent electric platform development project.

Caitong Securities research report pointed out that Jianghuai Auto will raise a total amount of funds not exceeding 3.5 billion yuan to invest in the development of a new electric platform. The company, based on electric vehicle technology, integrates intelligent and networked car solutions from high-tech companies such as Huawei, to develop a new generation of high-end intelligent electric platform. This will promote the continuous iteration and upgrade of high-efficiency power control technology, advanced motor technology, software and hardware integration technology, as well as intelligent driving system, networked system, new material applications, key components, and other platform-integrated technologies. Based on the accumulated research technology, the company will create a completely new high-end intelligent series of vehicles, covering major types such as sedans, SUVs, and MPVs. The rating of "hold" is maintained.