Celis achieved revenue of 23.1 billion yuan in the first three quarters, which exceeded that of last year

Our reporter Wang He

On the evening of October 28, Celis released the third quarterly report for 2022. The report shows that in the third quarter of 2022, the company achieved operating income of 10.707 billion yuan, a year-on-year increase of 163.39%; from January to September, the company achieved operating income of 23.123 billion yuan, a year-on-year increase of 101.96%, which has surpassed the whole year of last year. Benefiting from the continuous increase in the sales of high-end new energy vehicles, the net cash flow from operating activities of Celis in the first three quarters was 1.197 billion yuan.

Speeding up the delivery of star models

Strong development of core growth engines

Since the beginning of this year, despite repeated epidemics, tight supply chains, and rising prices of raw materials such as chips and power batteries, Celis, which has accelerated its new energy development strategy, has maintained a high growth momentum.

Data from the China Automobile Association showed that from January to September, the production and sales of new energy vehicles increased by 1.2 times and 1.1 times year-on-year, respectively. The cumulative production and sales of new energy vehicles in the first three quarters of Celis were 94,600 and 91,153 units, an increase of 274.52% and 254.36% year-on-year, respectively, and the data growth far exceeded the industry average. As the company’s core growth engine, the new energy vehicle business Strong development.

Behind the products that are widely recognized by the market, is the concept of CELIS insisting on high-quality development. Data shows that in the past six years, Celis has invested more than 10 billion yuan in research and development, and research and development investment has accounted for more than 10% of its operating income for many years.

Deepen strategic cooperation

Building an Internet of Everything Vehicle Ecosystem

On the road of developing new energy vehicles, Celis continues to deepen strategic cooperation with all parties in the industry to drive win-win results for all parties and build an automotive ecosystem that is connected to everything.

On August 27, Celis and CATL signed a deepening strategic cooperation agreement. In the next five years, the Wenjie series models will be fully equipped with CATL power batteries, and the new Wenjie series models will be fully equipped with Kirin batteries. This demonstrates the confidence of the two parties in the cooperation of advanced technology and stable supply, and is also an important milestone in the upgrading of the cooperation in the supply chain of Celis, which further promotes the industrial interaction and mutual benefit of both parties.

On October 18, Celis Auto and Wencan Group signed a strategic cooperation framework agreement. The two parties will establish a strategic partnership in the integrated structural parts of new energy vehicles, integrated battery boxes and lightweight research and development of some products of Sandian, new material application and parts supply, etc., to further consolidate the quality supply created by Celis Automobiles business chain and improve product quality.

It is worth mentioning that in September, Celis signed a strategic cooperation agreement with the Chongqing Liangjiang New Area Management Committee. The Sailis new energy vehicle upgrade project will be settled in the Longxing Intelligent and Connected New Energy Vehicle Industrial Park in Liangjiang New District, Chongqing, to help Chongqing build a world-class intelligent and connected new energy vehicle industry cluster.

(Editor He Fan Shangguan Monroe)