Minsheng Securities： Maintaining Changan Automobile’s ＂Recommended＂ Rating, Deep Blue G318 Listed to Reshape the Hardcore SUV Pattern

Minsheng Securities Research Report pointed out that Changan Automobile (000625.SZ) Deep Blue G318 was listed to reshape the hard-line SUV pattern, but it can be urban and wild, with excellent performance, and the G318 has full potential for hot sales. The price competitiveness of Deep Blue G318 is strong, as a 200,000 hard-line SUV will fill the market gap, and the G318 has strong hardware configuration, superior mechanical quality and off-road ability. At the same time, the feed fuel consumption is 6-7L, which is significantly improved compared with the traditional fuel hard-line off-road fuel economy. With the export volume of Deep Blue + G318 listed, it is optimistic about the overall sales volume of Deep Blue and the improvement of ASP, and the turning point of new energy profitability is expected. Optimistic about the company’s electric intelligent transformation, superimposed Huawei intelligent empower, maintain profit forecasts, and maintain "