Automobile exports rose significantly, and the capacity of China's largest "self operated fleet of automobile enterprises" was expanded

Saic Motor Corporation Limited(600104) and China Cssc Holdings Limited(600150) Group officially signed an agreement on the 17th. CSSC Jiangnan Shipbuilding will "tailor" two LNG dual fuel, low-carbon and environmental friendly ocean going motor transport ships (RO ro ships) with 7600 parking spaces for SAIC's Anji logistics.

It is understood that the ocean going vehicle transport ship contracted and constructed this time is expected to be put into market operation in 2024. The two ships have made breakthroughs in intelligent application, integration, speed optimization and pollutant monitoring, and meet the phase 3 standard of new ship design energy efficiency index (EEDI).

At present, SAIC Anji logistics has built the largest self operated fleet of automobile enterprises in China, with 31 automobile ships of all kinds, including 12 river ships, 13 domestic trade sea ships and 6 foreign trade special ships. The distribution network covers more than 600 cities in China and more than 100 overseas countries, with an annual transportation volume of 10 million vehicles.

Saic Motor Corporation Limited(600104) behind the overweight cross ocean logistics is the rapid growth of China's automobile exports. According to the latest statistics of China Automobile Association, last year, China's automobile enterprises exported 2.015 million vehicles, a year-on-year increase of 101.1%, which was also the first time that China's automobile export exceeded the 2 million mark. Among them, 310000 new energy vehicles were exported in 2021, a year-on-year increase of three times. European markets such as Britain, Germany, France and Norway have become a major incremental market.

Fu Bingfeng, executive vice president and Secretary General of China Automobile Industry Association, said that the recovery of global automobile consumption, transformation and upgrading of Chinese brands and other factors jointly promote the continuous growth of overseas development of Chinese brand cars. It is expected that China's automobile export growth will be about 20% in 2022.

Wang Zemin, general manager of SAIC Anji Logistics Co., Ltd., told China news agency that the two ocean going motor transport ships signed this time are only the beginning, and Anji logistics will further expand the fleet in the future. "We will have more leasing, second-hand ships and other subsequent investment fleets in the market. Our current resource investment rate will theoretically be higher than the growth rate of vehicle export." (end)

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