With Innovation-driven Quality, Sustainable Development, Wuling Motors (00305.HK) Returns to Profitability in 2022

Apr 2, 2023 | Business

As the global new energy automobile industry continues to experience rapid growth, there has been an acceleration in the R&D and application of new products and technologies. Technological innovation is driving the continuous upgrading of the industry. At the same time, the automotive industry is also ushering in a new round of disruptive changes amidst the wave of digitalization and intelligence.

Amidst changes in its internal and external environments, Wuling Motors Holdings Limited (the “Company” or “Wuling Motors”, Stock Code: 00305.HK) has shown remarkable innovation in leading the way toward high-quality development. Today, the Company delivered impressive results for 2022, with annual revenue hitting RMB 12.596 billion (UOM in RMB, same below), effectively transforming losses into profits.

Innovation-driven Wuling Motors charts a new growth curve for 2022

Technological innovation, industrial upgrading and the continued impact of the pandemic have brought profound and far-reaching systemic changes to the automotive industry. The implementation of the national “dual carbon” strategy has brought about widespread changes in production and consumption methods.

Faced with innovation and change in the global automotive industry, Wuling Motors actively seeks breakthroughs to achieve high-quality development. On one hand, it persevered in maintaining and advancing its conventional business, leveraging its strengths in existing parts and engines, while also fostering enduring relationships with customers such as GWM and Foton. Additionally, it proactively explored fresh markets, placing a special emphasis on seizing opportunities in promising large markets like BYD, Chery, and Hozon. Through these efforts, the Company was able to maintain consistent performance, culminating in an impressive annual sales revenue of RMB 12.596 billion. In terms of automotive power business, the coordination of whole vehicle project R&D upgrades has driven a significant increase in business volume. This is primarily due to the Atkinson engine with a high thermal efficiency and hybrid powertrain, which achieved mass production status in 2022 and surpassed sales expectations for the entire year. As a result, Wuling Motors has received valuable assistance in transition and upgrading efforts from conventional fuel-powered vehicles to new energy alternatives. The vehicles’ power supply system division achieved mild growth with a revenue of RMB 2.896 billion and successfully turned from loss to profit.

On the other hand, technological innovation is vital to sustainable development. Wuling Motors is creating a brand new growth curve and striving to capitalize on the golden age of development for China’s independent auto parts companies while also restructuring the industry’s new model. In 2022, the revenue of the automotive components division reached RMB 6.048 billion. In particular, Wuling Motors continues to upgrade its new energy electric rear axle, motor, electric control, range extender, hybrid power system and other products, increasing product innovation and research and development to create core competitiveness. Equipped with independently developed smart driving system, Wuling “Space Cabin” has been delivered to customers. The Cabin has reached the L4 level of autonomous driving in specific areas and is getting closer to unmanned driving. The “three-in-one” production line of hot-air expansion, liquid-filling forming, and thermoforming has been applied, and multiple innovative projects such as high-performance and low-noise integral insertion bridge have passed acceptance, maximize the use of production capacity and improve production efficiency.

In terms of intelligent products, Wuling New Energy, newly established after the merger and restructuring of various divisions, currently has the most advanced and large-scale production facilities in the industry, covering an area of 550,000 square meters and with an annual production capacity of 200,000 vehicles. Wuling Motors has further increased its transformation from traditional production to intelligent production by introducing new automation technologies. In 2022, Liuzhou Wuling Motors Industrial Company Ltd. carried out independent reconstruction and rebuilding of 4 automatic production lines, established 12 small robot workstations, achieved automated production of 44 products, and increased the utilization rate of approximately 50 robots from less than 30% to over 70%.

Overseas business is also an important area for Wuling Motors to accelerate its layout in 2022. Wuling Motors has extended its products to leading global automotive countries such as Japan and the United States, becoming the first domestic vehicle company to export new energy-type trucks to the United States. In addition, Wuling sightseeing buses rank among the top in market share in Vietnam, and products such as golf carts have also been exported to Southeast Asian countries.

Wuling Motors is quickening its step to become an “NEV manufacturer”, with a focus on green and low-carbon technology

With the acceleration of “electrification” in automobiles, Wuling Motors leverages new energy core components and new energy logistics vehicles to promote the entire group’s transformation towards a NEV manufacturer.

At the same time, the “green” concept has been deeply ingrained in the development marrow of Wuling Motors, implementing low-carbon production processes and promoting the progress of new energy products, all of which are active explorations in the context of green and low-carbon development.

Specifically, in addition to incorporating green elements in infrastructure construction, management system building and energy resource investment, Wuling Motors continues to practice automation production and intelligent manufacturing, actively developing clean production by using multiple robots on the production line and implementing automated painting; constructing a green supply chain from green production, supplier management, green logistics, green recycling to green packaging; in the product design process, considering the resource, energy consumption, and environmental impact throughout the entire production cycle from raw materials, components and vehicle production to the production waste recycling, to achieve green manufacturing.

The road to green development in the automotive industry, paved by conventional automobile manufacturers, relies mainly on two paths: replacing conventional fuel vehicles with new energy vehicles and utilizing low-carbon energy. These approaches are crucial in reducing carbon emissions in transportation. Wuling Motors’ launch of new energy logistics vehicles, pure electric patrol cars, pure electric sightseeing buses and 5G smart driving sightseeing buses exemplifies its commitment to green transportation.

Regarding carbon emission reduction, Wuling Motors achieved a significant reduction in 2022 by using 4,447.64 MWh of clean photovoltaic energy. This resulted in a decrease of 1,779 tons of standard coal consumption, 2,584 tons of carbon dioxide emissions, 133 tons of sulfur dioxide emissions, and 66 tons of nitrogen oxide emissions. As a result, Wuling Motors made history as the first certified enterprise in Guangxi for its carbon emission management system. Wuling Motors aims to jointly promote the construction of a community with a shared future for mankind, creating a new ecology of green, low-carbon development that prioritizes sustainability and environmental protection.


Topic: Press release summary

Sectors: Automotive

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Quality Smart Solutions Announces a Free Webinar on the FDA and Health Canada (CFIA) Requirements to Sell Foods in North America

Jun 4, 2022 | Business

 The food and beverage industry contains online sales of packages and fresh foods (not baby food), delicacies, and beverages. It includes the sale of vegetables, fruit, snacks, pasta, refrigerated products, soft drinks, frozen food, alcoholic drinks, etc. Online shops, large supermarkets, and warehouse stores are the most significant channel for the online sale of food and beverage.

Food & Beverage is the second largest industry in Canada when it comes to production value. It is more than 16% of total manufacturing sales, contributing 2% of the national GDP. In the USA, the food and beverage industry has been projected to reach US$18,702m in 2020.

Regulatory Project Specialist, Kalpna Mistry, at Quality Smart Solutions said this regarding why getting products compliant for sale can be difficult: “Ensuring your food products are compliant with applicable regulations can be tricky. Not only do you need to have compliant and bilingual product labels in Canada, but there are specific requirements for importing as well.”

In this upcoming free webinar, Quality Smart Solutions will be answering the following questions:

What are the labeling requirements to sell food in Canada? (General overview so this doesn’t become a training tool on how to do their own label compliance work).

What are supplemented foods? What is a TMAL? The transition from this program to one that does not require a TMAL.

What are the requirements to export foods to Canada?

What are the labeling requirements to sell food in the USA?

How do you register my food facility with the FDA? What is a U.S Agent?

What is an FSVP Agent? What are their responsibilities?

How can QSS and QIS help me accomplish my goal to have a compliant food label to export to Canada and USA?

This free event will feature Quality Smart Solutions regulatory experts Mitch Kiernan and Dhreeti Kapoor.

Andrew Parshad President of Quality Smart Solutions said, “The demand for a variety of international foods increases with a diversified, multi-ethnic population, oversight by US and Canadian authorities has subsequently increased. The pathway to produce and import a food into North America has never been more complex with elevated monitoring and enforcement from government agencies. It is critical to ensure early planning and partnering with an experienced regulatory partner ensures there are no delays or costly detentions when entering these markets.”

About QSS:

Quality Smart Solutions is a Health Canada and FDA compliance solutions provider, having served over 1,400 clients and completed over 100,000 services over the past 16 years. Their compliance solutions cover dietary supplements, natural health products (NHPs), homeopathic, veterinary health products, supplemented and conventional foods, cosmetics, OTC drugs, medical devices, cannabis, and psychedelics.

Quality Smart Solutions is headquartered near Toronto, Ontario. For more information, visit https://qualitysmartsolutions.com.

Email: info@qualitysmartsolutions.com

Phone Number: 1-800-396-5144

Quality Smart Solutions

Andrew Parshad

800-396-5144

https://qualitysmartsolutions.com/

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  • Medical Products

Availability of Good Quality Seeds

Feb 8, 2022 | Business


There is sufficient quantity of certified/quality seed available for all farmers across the country. The details of requirement and availability of seed in the Country in last three years is given below:


  (Quantity in Lakh Quintals)








Year

Requirement

Availability

Surplus

2019-20

387.31

431.01

43.70

2020-21

443.16

483.66

40.50

2021-22

465.36

498.83

33.47




In order to make quality seeds affordable to farmers, Government ensures fixation of uniform breeder seed price in consultation with ICAR for minimization of the seed production cost in case of foundation and certified seed. Furthermore, Government provides financial assistance to different States and Government Seed Producing Agencies for production and distribution of seeds and for other interventions related to seed sector viz. National Food Security Mission (NFSM), Mission for Integrated Development of Horticulture (MIDH), Rashtriya Krishi Vikas Yojana (RKVY), Sub-Mission on Seeds and Planting Materials (SMSP) etc. so as to make quality seed affordable and available to the farmers in timely manner.


Because of the program a significant production enhancement has been achieved across the crops, as a result there is 6.07 times production enhancement in food grains, 3.06 times in pulses, 6.98 times in oilseeds, 11.93 times in cotton and 7 times in case of sugarcane over 1950-51 till 2020-21. The collective efforts of ICAR and DA&FW have played a significant role in bringing newly released varieties into seed chain in recent year. During 2020-21, out of total 115517 quintals breeder seed produced, 44705 quintals (~38.7%) and 66422 quintals (~57.5%) accounts for varieties lesser than five years and ten years old respectively, some of which are bio-fortified and multiple stress tolerant varieties. All these efforts bolster varietal diversification and productivity augmentation. Furthermore, following steps are being taken up by DA&FW to ensure availability of quality seed to the farmers:-


1).        State Governments has been preparing Seed Rolling Plan for three years in advance to estimate the requirement of seed in their State and distribute seed production targets accordingly to different Seed Production Agencies. This system ensures timely availability of required quantity of seed to the farmers in different States.


2).        State Governments are placing their Breeder Seed indent in different crops one year in advance for systematic breeder seed production. After production the Breeder Seed is allotted to State Governments and Seed Producing Agencies for further multiplication into foundation and certified seed and its distribution to the farmers.


 3).        For any unforeseen climatic condition, a National Seed Reserve is established in different States for creating Seed Reserve every year which is having short, medium duration and stress tolerant varieties seeds.


This information was given by the Union Minister for Agriculture and Farmers Welfare Shri Narendra Singh Tomar in a written reply in Lok Sabha today.




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Air Quality Commission orders immediate closure of NCR industries not running on gas/ Cleaner fuels in industrial areas despite availability of gas infrastructure and supply

Dec 8, 2021 | Business


Despite the measures taken in different sectors towards improvement of air quality of Delhi-NCR, the air quality still remains in ‘Very Poor’ to ‘Severe’ category. Keeping in view the need to enforce strict actions against the deteriorating air quality of the region, the Commission for Air Quality Management in NCR and Adjoining Areas (CAQM) believes that there is an urgent need to take further preventive measures, as a matter of extreme emergency and abundant caution.


Taking a tough stand against the industries in industrial areas flouting the comprehensive policy directions for shifting of industries operating in NCR districts to PNG/ cleaner fuels the commission has issued directions for immediate closure of all such industries located in industrial areas where PNG infrastructure and supply are available but have still not switched over to PNG. As per the directions of the Commission, these violating industries/ industrial units will not be permitted to schedule their operations till 12.12.2021,and the position will be reviewed for further decisions.


In the Commission’s comprehensive policy Directions dated 12.08.2021 for shifting of industries operating in NCR Districts to PNG/ cleaner fuels, the State Governments of Haryana, Rajasthan and Uttar Pradesh (U.P.) were directed to:


  • audit and inspect the industries which are already connected to PNG supply and ensure that those industries are not using any other polluting fuels like coal etc.


  • maintain strict vigil to prevent the use of unapproved fuels in the NCR, through the enforcement agencies concerned and take stringent action, in case of the defaulting units.


  • prepare an implementable Action plan by clearly specifying definite time lines for switching over of all identified industries units to PNG, where infrastructure and supply of gas are already available.


  • develop a time bound comprehensive action plan, in consultation with the authorized entities to supply gas in the industrial areas falling within the specified Geographical areas of NCR districts, for ensuring PNG and infrastructure supply in the remaining industrial areas.


As per the Commission’s Directions dated 16.11.2021 on steps for effective control of air pollution in the wake of prevailing air quality scenario in Delhi-NCR, all industries in the National Capital Region having gas connectivity shall be run only on gas, failing which industries concerned shall be closed.


It was also directed that all industries in NCR where gas connectivity is available shall immediately be shifted to gas and State Governments to furnish industry-wise date of shifting. Additionally, NCR State Governments and GNCTD were required to further set up effective enforcement mechanism including intensive and continuous drives by deputing adequate number of teams consisting of senior officers.


CAQM has also deputed Flying Squads for field visits and rigorous inspections of different sites contributing to deteriorating air quality of Delhi-NCR and reporting their compliance of the directions to the CAQM. The Commission is reviewing the progress on daily basis by holding the review meetings with the Flying Squads to take stock of the situation and take necessary punitive actions against the violators.


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GK




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Commission for Air Quality Management (CAQM) holdscrucial emergency meet in wake of deteriorating air quality of the Delhi-NCR region

Nov 14, 2021 | Business

The Commission for Air Quality Management in NCR and Adjoining Areas (CAQM) convened a crucial meeting on an emergent basis today in wake of deteriorating air quality of the Delhi-NCR region. Apart from the order issued on 13.11.2021 after the 8th meeting of the Sub-Committee for GRAP, detailing various air pollution preventive measures and mitigation actions that need to be undertaken by the various agencies concerned across Delhi-NCR, the GRAP order has also advised States and concerned agencies to be in complete readiness for implementing ‘Emergency Measures’ as listed under Graded Response Action Plan (GRAP).

The adverse air quality scenario in Delhi-NCR as a combined result of paddy stubble burning, vehicular pollution, post-Diwali pollution, dip in temperature and other local factors, was also greatly impacted by a dust storm moving in from the South-Westerly directions of the Thar desert which brought in huge quantities of dust that further amplified the PM2.5 / PM10 levels significantly. Considering all different aspects causing a spike in the air pollution levels, the Commission during the meeting reiterated that the actions recommended by the orders of the Sub-Committee, shall be strictly implemented by the States.

The Commission has also identified 5 different areas contributing to the prevailing adverse air quality of Delhi-NCR that need better focus with intensified efforts by the concerned agencies of the State Governments of National Capital Region (NCR) and GNCTD. These areas are:

  • Control of paddy stubble burning incidences;
  • Control of dust from Construction and Demolition (C&D) activities;
  • Control of dust from roads and open areas;
  • Vehicular Pollution; and
  • Industrial Pollution

CAQM has pulled out all the stops in the battle against air pollution. The Commission, from time to time, has been advising various policy initiatives and actions directed towards improvement of air quality in the region. From issuing 43 Directions and 7 Advisories to regularly holding meetings with the concerned departments of the State Governments and other concerned agencies of NCR, CAQM has been pro-actively taking stock of efforts taken by the respective states towards abatement of air pollution.

CAQM is of the view that there is a vital need for regular assessments by senior level management in the State Governments and the agencies concerned so as to be well aware of the visible impact of the efforts initiated on-ground towards improvement of air quality in Delhi-NCR.

While soliciting views from the State Governments of Haryana, Rajasthan and Uttar Pradesh (U.P.), the Commission advised the concerned departments to consider similar restrictions/ regulations in the respective NCR districts as implemented by GNCTD through its order on 13.11.2021 which includes, inter alia, closure of schools up to 20th November, 2021 and closure of C&D activities from 14th – 17th November.

Further, the State Governments and District Administrations in the NCR States were also suggested to issue a Citizen Charter / Advisory for general public including various steps that need to be taken during various stages/ categories of the GRAP Action Plan. The Commission also reiterated the need for extra vigilance and concerted measures in various sectors that immediately and adversely impact the air quality.

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GK

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