On September 23, an analyst from Southwest Securities pointed out that Jinlong Automobile’s subsidiary Suzhou Jinlong is an enterprise in Jiangsu Province. If Nanjing successfully declares a new energy automobile demonstration city, the geographical advantage will benefit the development of Jinlong Automobile in Nanjing.
According to the Nanjing Daily reported on September 21, the relevant person in charge of the Nanjing City Economic and Information Commission stated that Nanjing is currently in full swing formulating the docking policy and actively applying for entering the ranks of new energy automobile demonstration cities. Currently, new energy vehicles sold on the Nanjing market include Jinlong Automobile. , SAIC's Roewe and SAIC Iveco and other products.
“Suzhou Jinlong, a subsidiary of Golden Dragon Motors, is located in Suzhou. If Nanjing applies for the successful demonstration of new energy vehicles, Golden Dragon Motors will benefit.†The above brokerage analysts told reporters on September 23rd.
In December 2012, Jinlong Automobile had won the bid for the demonstration project of hybrid buses for the Ministry of Finance and the Ministry of Science and Technology. The company’s 14 models of hybrid buses won the bid. The above analysts said that “the number of successful bids is the largest in the industry, and the winning bid at the end of last year. The impact on the company's new energy bus development this year will continue."
According to reports, Jinlong Motor’s new energy buses include pure electric buses and hybrid buses. Golden Dragon’s 2013 interim report shows that sales of new energy buses increased by 215.9% year-on-year, and sales (mainly of hybrid power) were 2,088. . According to the report of Zhang Honglei, Dongxing Securities auto analyst, the sales volume ranks in the forefront of the industry. After the new energy vehicle subsidy policy is issued, the company's new energy passenger vehicle sales continue to grow at a high speed.
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