In recent years, the new energy vehicle industry has developed rapidly and its market share has been continuously increasing. According to data released by the Passenger Car Market Information Joint Meeting recently, the retail sales of new energy passenger cars in China reached 878000 units in July, a year-on-year increase of 36.9%, with a penetration rate of 51.1%, an increase of 15 percentage points compared to the same period last year. The monthly retail penetration rate exceeded 50% for the first time.
Cui Dongshu, Secretary General of the China Association of Automobile Manufacturers, introduced that the monthly sales penetration rate of new energy passenger vehicles has exceeded 50% for the first time, mainly due to China's increasingly perfect automobile manufacturing system, which also means that new energy vehicles have gained more recognition from consumers.
Industry experts believe that China is in a leading position in the development of the "three electric" industries (batteries, motors, and electronic control), which supports the high level of electrification and intelligence in China's automotive industry. To consolidate and expand the development advantages of new energy vehicles in fierce competition, it still depends on the continuous innovation and progress of key technologies, which cannot be achieved without sustained investment in research and development.
Recently, Jike Intelligent Technology Holdings Limited (hereinafter referred to as "Jike") released its unaudited quarterly financial performance as of June 30th of this year. According to the financial report, since its establishment, Jike has invested over 21.5 billion yuan in research and development, with a research and development investment of 2.62 billion yuan in the second quarter, an increase of nearly 90% year-on-year. On August 13th, Jike released a new generation of evolutionary achievements, including fully self-developed intelligent driving, intelligent cockpit, and intelligent driving technologies, achieving full dimensional intergenerational leadership.
Supported by rapid growth in research and development, Jike achieved a revenue of over 20 billion yuan in the second quarter, a year-on-year increase of 58% and a month on month increase of 36%, setting a new historical high for a single quarter with a gross profit margin of 17.2%; In the first half of the year, the operating revenue was nearly 35 billion yuan, a year-on-year increase of over 60%.
Institutional analysis shows that Jike's significant growth in performance is due to its meticulous efforts in improving business operations, innovating intelligent technologies, building service systems, and expanding global markets.
Data shows that in the second quarter, Jike delivered a total of 54811 vehicles, doubling from the same period last year and increasing by 66% month on month. Among them, the monthly delivery volume in June reached 20106 vehicles. The growth in delivery volume has driven the company's performance improvement. In the second quarter, the company's revenue exceeded 20 billion yuan, of which the total vehicle sales revenue exceeded 13.4 billion yuan, a year-on-year increase of 59% and a month on month increase of over 64%.
It is reported that currently, the Jike brand has released four models including 001, 007, etc. The first family SUV Jike 7X is expected to be launched at the end of September, and the family full scenario five seat Jike MIX will be launched in the fourth quarter. At that time, the product matrix will be expanded to six models.
The new energy vehicle industry spans multiple fields and industries, requiring the integration of various transformative technologies, especially as it enters the "second half" of new energy vehicles, the research and development of intelligent technologies is particularly important. With the continuous development and growth of the new energy vehicle industry, industry enterprises are constantly innovating and developing, using technological revolutionary breakthroughs to stimulate new quality productivity.
Taking Jike as an example, in terms of innovation in automotive intelligent technology, high R&D investment has brought multiple breakthroughs in the fields of intelligent driving, intelligent cockpit, and intelligent driving technology.
On August 13th, Jike released its latest research and development achievements. In terms of intelligent driving, the second-generation self-developed BRICS battery with full stack achieves a maximum charging rate of 5.5C; In terms of intelligent cockpit, the Extreme Krypton OS intelligent cockpit system has been officially upgraded to Extreme Krypton AI OS, and Eva has been upgraded to AI Eva, with natural semantic recognition capabilities and over 30 active intelligent services; In terms of intelligent driving, the vast and self-developed intelligent driving of the full stack has entered the 2.0 era, launching an end-to-end big model to prioritize the end-to-end evolution of parking and intersection scenarios. The Jike 001 equipped with Mobileye intelligent driving solution will also be updated. Currently, the fingertip parking function has been fully pushed, and the opening cities of high-speed NZP have covered more than 97% of Jike users' areas. The city NZP function is expected to be delivered in batches within this year.
It is reported that in terms of user service system, as of the end of July 2024, Jike has opened 438 stores worldwide, and the number of Jike stores that provide one-stop services such as test drive, sales, delivery, and after-sales has increased to 79; In terms of energy replenishment services, as of July 31st, Jike has operated 1202 self built charging stations and 6508 charging piles in 150 cities across the country, of which 541 stations and 2835 piles meet the 800V ultra fast charging standard.
It is worth noting that in terms of globalization development, as of the end of July, Jike has entered more than 30 major international markets including the Netherlands, Sweden, Thailand, the United Arab Emirates, and Saudi Arabia. On August 1st, the world's first right-hand drive version of the Extreme Krypton X was delivered in Thailand and will be gradually promoted to other right-hand drive markets. In addition, the right-hand drive version of Jike 009 will begin mass delivery in the fourth quarter of this year. It is reported that the company aims to further expand its business to more mainstream international markets such as Europe, Latin America, and Oceania before the end of the year.
Industry analysis suggests that as China's automotive industry enters the "second half" of intelligence, high research and development will accelerate the deep integration of new generation digital technologies such as big data, cloud computing, and artificial intelligence into the automotive industry. This will open up new paths for the transformation and upgrading of the automotive industry and become a key driving force for the development of new quality productivity.