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Seeing Jiangling’s data on a sub-model for the first half of the year, Quanshun had a collection of 14,000, Qinghai had more than 20,000, pickups and SUVs together added a total of more than 50,000, and I didn’t see other media reporting more than 50,000. What is the trend of quantitative data growth over the first half of the year compared to the same period last year?
Ye Mingxin: First of all, talk about the status of the market. The sales itself does not mean much. Mainly in the segment market share, Jiangling participate in the market segment has three, one is a light truck, one is a light passenger one is a pickup. The overall environment, the automotive market environment is very good, an increase of 14% over last year. However, in commercial vehicles, the situation is different. For example, in terms of hospitality, Transit participates in the automotive market, and the entire market lost about 17% from last year. This is the data from January to May. For light trucks and pickup trucks, the entire market segment accounted for about 5% of last year, which is also the figure from January to May. In this environment, JMC’s participation in the light commercial vehicle market segment is the same as last year's total, and Jiangling’s sales volume is in line with the broader market, increasing by about 2% from last year. With the entire market is more consistent approach.
Easy car network: I still see a figure, from the side of the passenger car in June is an explosion of a month, commercial vehicles here Transit, pickup, SUV growth rate is ideal, the light truck side slightly slower .
Ye Mingxin: Just now many experts also talked about this issue. In the first half of last year and the second half of last year, the reason why commercial vehicles have such a big change is that apart from economic factors and the global financial crisis, there is also a factor that affects China’s economy. The implementation of the three countries does not have much change in terms of passenger cars. As far as gasoline is concerned, the standard of the third country is relatively simple, but from the perspective of the diesel engine, consumers and the media have no special Focus on this issue. It is a big change for a diesel engine to be upgraded from the second to the third. It is basically necessary to compare the technical content of the engine. Our so-called high-pressure common rail can meet the standard of the third country. The high-voltage rail is generally used in 99% of the foreign automobile market. Last year in the first half of the year, due to heavy diesel engines, it was necessary to import Guosan from the second half of the year. This also led many manufacturers to ship goods ahead of schedule before June, and overseas products were quickly sold to the market. In the second half of last year, economic factors coupled with emission factors led to a relatively large blow to light passengers, light trucks, and heavy-duty cards, which are mainly diesel vehicles. In terms of market trends, emissions Diesel engine manufacturers have a great influence. Starting this month on July 1, this year, light diesel engines with a capacity of less than 3.5 tons will also be imported into the country. In June, many manufacturers will advance their products in advance, which is based on the upgrades we talked about very much. . In the case of commercial vehicle companies, it is a relatively big issue. The problem of upgrading is to say that emission standards are relatively scarce for the diesel engines of the National III. There are also many manufacturers who are selling in other ways, so in 6 During the month, it is usually a turning point.
Like Jiangling’s words, the country’s three major internationally renowned countries or Delphi’s high-pressure common rail fundraising. Since June last year, sales have been carried out. By June of this year, we have not enhanced the so-called extra distribution. For other manufacturers, we don't care about the sales figures in June because we know that we have to distribute goods in advance. The state of the country's second-largest store to market has occurred since last year. So I think we care more about waiting until the market is relatively stable and mature, and we also believe that the country's implementation of the National III emission standards, in the very situation in place, I think we will have a relatively stable growth in Jiangling sales in the second half of the year, and can provide consumers The best products will begin in the second half of the year.
Easy car network: Jiangling here to achieve the country's three technical choices are common rail.
Ye Mingxin: We are the choice of high pressure common rail.
Easy car network: Will you worry about the issue of cost-effectiveness, may the price be appropriately higher?
Ye Mingxin: In addition to the impact of commercial vehicle emissions last year, the growth of raw materials in the first half of last year, steel, etc., also caused a lot of corporate costs to rise. However, Jiangling’s control in this area is relatively good. We did not increase the cost due to the increase in raw materials last year. Many listed companies made such adjustments. The same is true for emissions. Jiangling is relatively a government law that obeys the rules of the game. We were doing more solidly in the second year of the country. Therefore, the second and third countries have increased their costs. We planned to have a market research survey that consumers can accept, which is almost 8,000 yuan. So we added high pressure common rail to the differences between the country and country. Even if we cooperate with world-renowned factories, we also added eight. With thousands of dollars, we also made adjustments to our products. Our country's high-pressure common rail system is the third and the lowest light truck is also 70,000 yuan. It is not much different from the original car price.
So I want to achieve stability in the country can meet the three standards, for consumers and the environment, both are trying their best to a due responsibility, I think our country's tri-price is better, of course, there are other solutions to the path, as long as If the government agrees to accept this route, we will work hard to cooperate. In terms of enterprises, in addition to national laws and regulations, and the environment to perform a responsibility, we must also consider our competitiveness. We, Jiangling, are responsible for shareholders, consumers, and brands, as long as they comply with national laws and regulations.
Easy car network: We see the entire model and engine loan is a project or project is also good, Transit side of the light passenger there is called a V348, compared with the light truck here N900, pickup side N350, engine Here is the name of a project called JX4DR4. After the implementation of these four projects, what kind of effect will we have on the overall product of Jiangling's side including the engine?
Ye Mingxin: Actually, like the experts just said, the car itself is an industry with 100 years of scientific and technological content, but the most important thing in the car itself is that the engine is an obstacle, especially in terms of commercial vehicles, diesel engines. In the minds of consumers, environmental protection is not very good, and black smoke is emitted. This is a concept that was formed in the past. Under the current development of new diesel technology, diesel can achieve energy saving and environmental protection, and noise can be overcome. This is why on the European market, passenger cars have more than 50 suitable diesel engines. We cooperated with Jiangling and Ford. Ford's latest European engine is called Pingma engine in Europe. We introduced it in the new era from last year. That is, the engine V348 brings at the same time. This engine is produced in China. This engine will be used later in JMC products.
It is equivalent to saying that from the original technology of Isuzu of Jiangling International Corporation and Jiangling Intellectual Property's product engine, we have introduced Ford's fairly mature and advanced engine in Europe, which is just mentioned JX4DR4. The introduction of this engine is a positive aspect for Jiangling and the entire market. This engine in the new era of Transit can currently meet the standards of the National IV. This engine was originally designed in Europe to comply with the National IV. Since the country is now a government regulation, it also considers the issue of another oil product quality. Currently, it is based on the National III. Lord, this engine has already passed the certification of State IV, so we will introduce experts like those just mentioned. Although engine research is not a very, very difficult and difficult science, it still needs to be accumulated. I think we have better Jiangling and Ford vehicles. The introduction of technology, while Jiangling also announced that we are also developing the project, we are also releasing, based on the original world's first, and then go up to promote the 3.0 car engine, this is Jiangling own development research will also have its own intellectual property rights . We believe that the so-called upgrading is very important on the road to being a car. Upgrading is not a matter of doing everything right now. Jiangling’s approach is to grasp the core of the engine first, whether it is cooperation with Ford or It is a good development for the future after self-development or accumulation of own experience and technology. This engine is used by JMC after Ford introduced the screen horse engine or Jiangling’s own engine for the development of the world’s upgrade. On the products, we believe that after mastering this core technology, Jiangling is a more real enterprise for the development of Jiangling and for the future development of commercial vehicles. We must do things that the government must comply with and the laws and regulations must comply with the consumers' Jiangling brand. This perception is better for Jiangling's development.
Easy Net: The project of the engine has now started. Is there a timetable for projects such as light trucks and pickup trucks?
Ye Mingxin: Jiangling is a listed company. For the disclosed product items, once the board of directors passes us, it will be disclosed. Both the N350 and the N900 can be disclosed through the board of directors and the SEC. But for the time, the CCW does not allow non-listed companies to make any reports of work that will not happen in the future. This is a consideration of the CSRC. In addition, it is a consideration of competition. We do not like other people to know our initiatives. There are still some trade secrets, and there will be some trade secrets, and the appropriate time will allow new products to be made known to the media and consumers. After all, Jiangling is a listed company and a relatively real company. Let's do it first and let everyone know that it is a competition for a more important product. practice.
Easy car network: the last one because the first half of the year, the state introduced some conducive to the recovery or recovery of the commercial vehicle industry is also a good policy, you are not based on the current policy situation to predict the situation in the auto market for half a year? What kind of policies do you think commercial vehicle companies need? What other things have been added by the country?
Ye Mingxin: When it was discussed at the beginning of the year, the scope was relatively small. The replacement of old tricycles or low-speed trucks was not a big intention in itself. The government was adjusting and had problems with the direct purchase of more models. . The process does not have such a block for all policy implementation to be committed to funding, so these things may have a better impact in the future. I think the interests of the government are better and it will also have a positive impact on the entire light truck and truck. In fact, in many other policies, like our company, we hope that the government's emission standards, that is, we want the government to strictly implement the three national standards, not because we have no one else, I think it is very important for the government's upgrading to require government guidance. If, in a certain respect, the limitations of the engine lead to a bottleneck in the entire industrial upgrading, it may be considered not to implement the National 3 or 4, especially the diesel engine, so quickly. This policy implementation should be in some respects. Can be more consistent, otherwise like Jiangling spent a lot of money to invest in the country's three high pressure common rail, found that the policy changed, many investments are not to say waste, may be ahead of time, have an impact on the competition itself. Consumers are very simple, many care about environmental protection, but they care more about their own legality. If the intention of this policy is more consistent with policy implementation, Jiangling does not have this technology. I believe all commercial vehicle companies have such capabilities on a large scale. If there is a distance between the implementation and the words, many people want to find a way out, and any company that has such an idea is understandable. If the executive power of the company and the execution power of the government must go together, the government must enforce the strictness of the three countries. If implemented, companies will surely catch up, and it is not so difficult to say, but make up their minds. The second condition we have many restrictions, such as pickups, is defined in terms of the whole. Many people say that Chinese pick-up trucks are best suited to rural goods, but Chinese pick-ups have been hovering around 200,000. If the market is 12,000 this year, Million, 200,000 is just a very small amount of data.
Easy car network: exports are not bad.
Ye Mingxin: The export ratio is not bad. Why is the pickup truck suitable for rural areas? A pickup truck has a head and it is relatively safe. Among the actual proofs in the minds of consumers, one head is relatively safe. The cost of pick-up trucks is not too high, and the things carried in the pickups meet the needs of the countryside. Pickup trucks are, in many terms, trucks. Many places cannot enter the city, which limits the development of many pickup trucks. Actually, in foreign countries, especially in the United States, pickup trucks are cars. When I was studying, when I was a college student or a graduate student, I would go to school with a pickup truck. I don't think it was a truck. In fact, some of the functions are available. If it can carry people and carry goods, the government will let this idea be a little more open. Pickups are an easier market. The other is light passengers and has always called for light passengers to undertake the logistics of the city. Light passengers are still walking in a grey area. Really doing urban logistics is not enough. Light passengers are facing the problem of people and goods mixed. Assume that you use light passengers to do urban logistics will be caught, if you use a similar truck, but also Apply for an operation certificate like a truck.
Like the European car market, to live to see light passengers in the city, but also in the day and night can shuttle, after all, the city's logistics needs. There is a selling point at noon. I want to get into the clothes. The customer wants the clothes. You can't say that you can send them in by truck in the evening. For example, food, raw materials, small high-value things, there is a demand in the middle of the city. However, the government still restricts light passengers to passengers only. If not, as long as the goods are lost as trucks, it will stifle their own needs and will not induce demand to be a better thing.