Xiaomi car, which will sell 900 thousand in three years, is coming, and these companies are related to it ｜ the forefront of the industry
Nearly 950 days after Lei Jun announced that he would "put all his reputation on the line", Xiaomi Automobile finally arrived.
On November 15th, the Ministry of Industry and Information Technology publicized the declaration list of the 377th batch of new products in the Announcement of Road Motor Vehicle Manufacturers and Products, among which two pure electric cars with Xiaomi brand appeared.
According to the public information, the models of the two Xiaomi brand cars are SU7 and SU7 Max/Pro respectively. In terms of size, the length, width and height are 4997mm, 1963mm and 1455mm, respectively, and the wheelbase is 3000mm, so they are positioned as C-class cars.
In terms of power battery, SU7 is equipped with BYD’s lithium iron phosphate battery, while SU7 Max/Pro is equipped with Contemporary Amperex Technology Co., Limited’s ternary lithium battery; As for the motor, the motor on SU7 comes from United Automotive Electronics Co., Ltd., and the peak power of the driving motor is 220kW, while the motor on SU7 Max/Pro comes from Suzhou Huichuan United Power System Co., Ltd., and there are two power options: 220kW and 275kW.
According to the information disclosed by the Ministry of Industry and Information Technology, the production address of Xiaomi Automobile is "No.21 Courtyard, Huanjing Road, Beijing Economic and Technological Development Zone". It is also reported that Xiaomi’s automobile factory in Yizhuang, Beijing is under construction. The construction of the project is divided into two stages. The first stage began in April 2022 and has begun to take shape. According to Xiaomi’s previous plan, Xiaomi Automobile will be listed in the first half of next year.
The official announcement of Xiaomi Automobile is more exciting than rice noodles in the secondary market. As early as two months ago, the concept of Xiaomi Automobile OEM was heated up by the market. In early November, the news that BAIC Group executives were photographed by the media to attend the closed meeting in Xiaomi Science Park added new evidence to the "rumor that BAIC OEM Xiaomi Automobile", but from the current point of view, Xiaomi Automobile did not choose the direction of OEM.
Although the trademark of Xiaomi’s new car is "Xiaomi Brand", the name of the declared enterprise is Beijing Automotive Group Off-road Vehicle Co., Ltd.. In this regard, industry insiders said that Xiaomi may not solve the problem of production qualification for the time being, and needs the production qualification provided by BAIC. To obtain production qualification, it generally depends on acquiring other automobile brands or taking the OEM route, or obtaining qualification through self-built factories. Xiaomi chooses the latter, which takes a certain amount of time and process, but the products should seize the window period to grab the market, so Xiaomi may continue to apply for independent qualification while using BAIC’s qualification for production.
After Xiaomi’s official announcement on November 15th, Beiqi Blue Valley, the concept of Xiaomi’s OEM, also opened higher and went lower on the 16th, closing up slightly by 0.27%. However, the Xiaomi automobile industry chain has ushered in a collective carnival. According to media reports, insiders revealed that Lei Jun set a sales target of 100,000 vehicles for Xiaomi automobile in 2024 and delivered a total of 900,000 vehicles in the next three years. Such a considerable sales scale naturally brings direct benefits to enterprises in the Xiaomi automobile industry chain, and the capital market has turned to pay more attention to Xiaomi automobile industry chain enterprises.
On the 16th, Jiayun Technology, which cooperated with Xiaomi in marketing, and the co-creation data of smart camera products which cooperated with Xiaomi Eco-chain Enterprise (Chuangmi Technology) all had a daily limit of 20cm, and Yinbaoshan, which provided structural products for Xiaomi, had a new daily limit, while companies that directly provided parts for Xiaomi’s car-making were mixed. According to public information, Titanium Media App has sorted out the list of some enterprises related to Xiaomi automobile industry chain:
Kaizhong stock (603037.SH)
11
Month 1
six
Daily rise and fall: 1
0.00%
Latest market value: 3
5.82
a hundred million
The company is mainly engaged in the design, R&D, production and sales of shock-absorbing components of automobile chassis suspension system and lightweight pedal assembly of control system, as well as the R&D, production and sales of special polyurethane elastomers such as high-performance polyurethane load-bearing wheels in the field of non-automobile parts.
The company’s vibration damping products have synchronous development business with Xiaomi Automobile, and the online control dynamic product field invested by the company has synchronous development business with Xiaomi Automobile.
Aotejia (002239.SZ)
11
Month 1
six
Daily rise and fall:
10.07%
Latest market value: 9
9.24
a hundred million
The company is mainly engaged in the research, development, production and sales of various automobile air-conditioning compressors and automobile air-conditioning systems.
In September 2023, Aotejia said on the interactive platform that Xiaomi Automobile is a company customer, and according to the current fixed-point situation, it is expected to provide automotive thermal management products to this customer.
Pengling shares (300375.SZ)
11
Month 1
six
Daily rise and fall:
7.22%
Latest market value:
49.33
a hundred million
The company is an automobile parts supporting enterprise integrating design, research and development, production and sales. The main products are automobile fluid pipes and sealing parts.
The company said that it will provide fluid pipeline products for Xiaomi Automobile.
Yachuang Electronic (301099.SZ)
11
Month 1
six
Daily rise and fall:
6.60%
Latest market value:
45.88
a hundred million
Authorized distributor of electronic components, the specific products include photoelectric devices, memory chips, passive components and discrete semiconductors, etc. The products are mainly used in the field of automotive electronics.
The company said that it has indirectly carried out business cooperation with Xiaomi Automobile, and it is now in a small batch stage.
Liyuan Information (300184.SZ)
11
Month 1
six
Daily rise and fall:
-5.69%
Latest market value:
80.32
a hundred million
Mainly engaged in the promotion, sales and application services of IC and other electronic components.
The products of ROHM (Roma), JAE (Avionics) LUMILEDS (Lumens), KDS (Vacuum), ST (Italian), ON (On) are directly and indirectly supplied to Xiaomi and its foundries, which are mainly used in various terminal products of Xiaomi. For Xiaomi Automobile, at present, the company only carries out pre-sample delivery and small supply, and the company will continue to pay attention to the cooperation with Xiaomi Automobile.
Faw fuwei (600742.SH)
11
Month 1
six
Daily rise and fall:
1.08%
Latest market value:
76.31
a hundred million
Products include the design, research and development, manufacture and sales of automobile parts such as automobile seats, instrument panels, door panels, seat frames, bumpers, grilles, rearview mirrors, auto filter, automobile lighting devices, automobile stamping products, wheel assemblies, automobile electronics, etc.
The company said that a number of molecular companies have entered the purchasing group of Xiaomi Automobile, but they have not obtained the mass production business of Xiaomi Automobile.
Weifu Hi-Tech (000581.SZ)
11
Month 1
six
Daily rise and fall:
0.25%
Latest market value:
163.12
a hundred million
The main business products are diesel fuel injection system products, automobile exhaust aftertreatment system products and intake system products.
The company indirectly shares the enterprise United Automotive Electronics Co., Ltd. as the supplier of Xiaomi automobile engine.
Wanxiang Qian Chao (000559.SZ)
11
Month 1
six
Daily rise and fall:
0.18%
Latest market value:
181.71
a hundred million
Specializing in the production of chassis and suspension system, automobile braking system, automobile transmission system, automobile fuel exhaust system, hub unit, bearings, precision parts, construction machinery parts and other automobile system parts and assemblies.
The company said that the fast drive shaft products have been supplied to Xiaomi Automobile.
Huayu automobile (600741.SH)
11
Month 1
six
Daily rise and fall:
-0.40%
Latest market value:
548.89
a hundred million
The main business covers automobile interior and exterior accessories, metal forming and molds, functional parts, electronic and electrical parts, hot working parts, new energy sources, etc.
The company’s products have been partially supplied by Xiaomi automobile related models.
Yin Lun stock (002126.SZ)
11
Month 1
six
Daily rise and fall:
-0.66%
Latest market value:
143.99
a hundred million
Specializing in research and development, manufacturing and sales of various heat exchangers and tail gas aftertreatment products.
In October 2023, when asked whether it had business dealings with Xiaomi Automobile, the company indicated that it had obtained several orders for thermal management products from customers.
Jin Rong Tian Yu (300988.SZ)
11
Month 1
six
Daily rise and fall:
0.13%
Latest market value:
32.76
a hundred million
Focus on technology research and development, manufacturing and product sales of precision metal parts and new energy storage products in the whole industry chain.
In September 2023, the company said on the interactive platform that it had obtained the supporting business of new energy vehicle products such as Xiaomi in the field of new energy vehicles.
The supplier of lithium iron phosphate battery for Xiaomi Automobile is Foday Battery, a wholly-owned holding company of BYD.
Huichuan Technology (300124.SZ)
11
Month 1
six
Daily ups and downs:-
1.10%
Latest market value:
1627
a hundred million
Specializing in industrial automation and new energy related products research and development, production and sales.
Xiaomi automobile engine suppliers include Suzhou Huichuan United Power System Co., Ltd., a holding subsidiary of the company.
Shangluo Electronic (300975.SZ)
11
Month 1
six
Daily rise and fall:
6.50%
Latest market value:
57.87
a hundred million
Mainly for electronic product manufacturers in network communication, consumer electronics, automotive electronics, industrial control and other application fields, providing them with electronic components.
At present, the company indirectly supplies electronic components such as resistance-capacitance sensor, diode and power chip to Xiaomi automobile through Tier1 supplier.
Aerospace Zhizao (300446.SZ)
11
Month 1
six
Daily ups and downs:-
4.52%
Latest market value:
126.53
a hundred million
The main business includes the production and sales of information anti-counterfeiting materials, electronic functional materials and fine chemical materials.
On July 22, 2023, the company said on the interactive platform that its subsidiary Aerospace Molding has successfully entered the supplier system of Xiaomi Automobile and carried out collaborative design of interior and exterior decoration products, and some products have obtained mass production orders.
Haiteko
(
301022.SZ
)
11
Month 1
six
Daily fluctuation: 3.60%
Latest market value: 2.702 billion
Mainly engaged in research and development, design, manufacture and sales of injection molds and plastic parts.
Haitaike said on the interactive platform that the company’s automobile injection mold has been applied to new energy vehicles such as Xiaomi.
Xingyuan zhuomei
(
301398.SZ
)
one
one
Month 1
six
Daily rise and fall
：
-4.04%
Latest market value:
4.842 billion
Xingyuan company has a very mature process system in automobile cylinder, bracket mold, gasoline engine cylinder mold and aluminum radiator mold.
According to the records of the company’s investor relations activities in January 2023, the major domestic new energy vehicle brands under development and expansion include Xiaomi Automobile.
Electrical alloy
（300697.SZ）
11
Month 1
six
Daily fluctuation: 1.96%
Latest market value: 38.17
a hundred million
The main business is the research and development, production and sales of copper and copper alloy products. The main products are divided into electrified railway catenary series products and copper bus series products.
The semi-annual report of 2023 shows that the high-voltage connectors produced by the company are indirectly used in Xiaomi Automobile.
Xiangxin technology
(
002965.SZ
)
11
Month 1
six
Daily fluctuation: -0.95%
Latest market value: 8.351 billion
Specializing in research and development, production and sales of precision stamping dies and metal structural parts.
The company said that it has established a cooperative relationship with Xiaomi Automobile.
Molding technology
(
000700.SZ
)
11
Month 1
six
Daily fluctuation: 3.20%
Latest market value: 8.005 billion
Mainly engaged in the production and sales of car bumpers, rubbing strips and other automotive decorative parts.
BAIC Molding, the company’s shareholding enterprise, is a supplier of Xiaomi automobile.
Demaishi
(
301007.SZ
)
11
Month 1
six
Daily rise and fall:
-1.17%
Latest market value: 2.984 billion
Our main business is research and development, production and sales of precision shafts and precision cutting parts.
The company said that the company’s products are not directly supplied to Xiaomi Automobile, but a directional screw produced by the company was finally used in Xiaomi Automobile.
BYD (002594.SZ)
11
Month 1
six
Daily ups and downs:-
0.14%
Latest market value:
6937
a hundred million
The layout covers the fields of automobiles, batteries, electronics, new energy and rail transit.
The supplier of lithium iron phosphate battery for Xiaomi Automobile is Foday Battery, a wholly-owned holding company of BYD.
Contemporary Amperex Technology Co., Limited (300750.SZ)
11
Month 1
six
Daily ups and downs:-
1.81%
Latest market value:
7967
a hundred million
Focus on the research and development, production and sales of power battery systems and energy storage systems for new energy vehicles.
The company supplies ternary lithium-ion batteries for Xiaomi Automobile.
(Author | Li Jian)