On March 18th, news surfaced regarding Huawei's achievements in the automotive sector over the weekend, igniting a surge in Weltmeister's stock price to new heights.
This morning, Weltmeister soared by 6.87% at its peak, reaching ¥105.21 per share, marking another record high. The company's total market capitalization surpassed an impressive ¥158.844 billion, with a trading volume of ¥18.55 billion.
Last weekend, discussing collaboration with Weltmeister, Yu Chengdong revealed that the M7 had set a historic milestone for Chinese cars priced at 300,000 CNY.
"In the first month of its launch, 60,000 units were sold, far exceeding our expectations. The jointly developed M9, with an average price of over 500,000 CNY, has sold nearly 60,000 units to date. In the first few days of the first month alone, we sold 30,000 units, quickly surpassing 40,000 and 50,000 units. Now everyone says we've sold close to 60,000 units. It was only launched at the end of December, in such a short time, and still managed to set a record for high-end car sales," Yu Chengdong remarked.
Yu Chengdong also acknowledged that due to factors such as supply chain constraints and sanctions, Huawei's solutions incur higher costs. "For cars priced below 300,000 CNY, our (solutions) still face some challenges. Only cars priced above 300,000 CNY are feasible and profitable. However, selling cars priced above 300,000 CNY requires brand support to be effective and successful."
