In February, Sailis new energy vehicles increased by 360% year-on-year, and AITO won the new power monthly sales championship
On March 1, the joint stock company of Cyrus Group (601127.SH hereinafter referred to as "Cyrus") released the production and sales express in February. Data show that the sales of Cyrus new energy vehicles reached 30,257 in February, an increase of 360.04% year-on-year; from January to February 2024, the sales of Cyrus new energy vehicles totaled 67,095, an increase of 485.37% year-on-year.
In February 2024, AITO asked the world to deliver 21,142 new cars, AITO asked the world to deliver 18,479 new M7 single month, the cumulative delivery of more than 100,000 vehicles, ask the world M7 cumulative breakthrough 150,000 vehicles, with absolute advantage to lead the Chinese market new power single model monthly sales list first, creating a new record of Chinese car brand single model sales.
Cyrus is firmly ranked among the top five luxury brands
Since the beginning of this year, AITO has shown continuous upward momentum. According to the data, from January 1 to February 18, 2024, Cyrus ranked among the top five luxury brands in the Chinese market with a cumulative sales volume of 46,200 vehicles. It is worth mentioning that in the fourth week of February (2.19-2), Cyrus ranked among the top three luxury brands with a weekly sales volume of 7,200 vehicles, beating traditional luxury cars Audi and Mercedes-Benz, second only to Tesla and BMW, and becoming the highest-ranked Chinese brand in the luxury brand list.
On February 26, the national delivery of the Cyrus M9 was fully launched, and more than 100 cities officially ushered in large-scale deliveries. As the latest product jointly built by Cyrus Automobile and Huawei over the past three years, the Cyrus M9 is well recognized by users, and the cumulative number of vehicles will exceed 50,000 in 62 days of listing. In addition, all versions of the AITO M5/new M7 have also started to speed up delivery, and the fastest delivery can be delivered in 2-4 weeks. It is reported that Cyrus Automobile currently has more than 700 experience centers and more than 200 user centers in 220 cities, bringing users a better product and service experience.
The completion of the super factory and the investment institutions continue to be optimistic
On February 5th, the Sailis Automotive Super Factory was completed and put into use. It is built in accordance with international leading standards and industrial Internet requirements, and has the four characteristics of high efficiency, intelligence, cutting-edge and green, becoming a new benchmark for China’s new energy vehicle intelligent manufacturing factory. The factory has more than 3,000 robots intelligently coordinated to achieve 100% automation of key processes; using the industry’s first quality automation testing technology to achieve 100% quality monitoring and traceability; through the world’s leading 9000T die casting machine, it has achieved the highest integration in integrated die casting parts; at the same time, it has also achieved the highest production efficiency in the world.
Zhang Xinghai, chairperson (founder) of Cyrus Group, said: "The M9 is a high-end luxury boutique model that we adhere to the tenet of’user-centric, wholeheartedly serving users’ and create with heart. We will continue to iterate and improve, improve at the fastest speed, and meet the needs of all users as much as possible. Make high-end more high-end, make luxury more luxurious, and make smart more intelligent!"
A number of institutional research reports are also optimistic about the future market performance of the Cyrus M9. Huaxin Securities Research Report pointed out that the current M9 has begun to be delivered, and the new model is expected to continue to develop. The latest research report of Founder Securities believes that with the AITO M9 production capacity climbing, the sales proportion in the AITO brand continues to increase, driving the volume and price of Cyrus to double up. It is expected that the fastest is expected to achieve a turnaround in the profit contribution of the model in June 2024, and the profit cycle may start in the third quarter of 2024.