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Yunnei Power Gets Licenses to Test Driverless Vans; Shares Soar 10%
Kunming Yunnei Power (000903.SZ): Obtained the road test license for smart connected Autos in Kunming.
On March 5, Gelonghui reported that Kunming Yunnei Power (000903.SZ) announced that according to the "Implementation Rules for Road Testing and Demonstration Application Management of Intelligent Connected Autos in Kunming City (Trial)" issued by Kunming City in November 2024, the company is actively carrying out preliminary work such as applying for road testing of L4 level intelligent delivery vehicles. On March 5, 2025, the People's Government of Kunming City awarded road testing licenses for intelligent connected autos to four companies, including the company, issuing a total of 205 testing licenses among these four companies, with the company receiving 200 testing licenses. The issuance of these licenses marks the advancement of intelligent connected autos in Kunming City.
Kunming Yunnei Power (000903.SZ): Currently, service parts centers have been established in countries such as the Philippines, Vietnam, and Myanmar.
On February 13, Glorious Group reported that Kunming Yunnei Power (000903.SZ) recently indicated in investor relations activities that in accordance with the company's Global Strategy for international business, the company is further expanding into overseas markets through the establishment of overseas service parts centers and the establishment of an international trading company. Currently, the company has already established service parts centers in countries such as the Philippines, Vietnam, and Myanmar. Through the construction and Operation of these parts centers, service response times in countries along the route will be further shortened, enhancing parts supply efficiency and service capability; the international trading company will allow for product exports alongside complete vehicles, while also providing technology, certification, quality, service, and brand support.
Kunming Yunnei Power (000903.SZ): Currently, it has not yet ventured into the business related to humanoid robots.
On February 13, Gelonghui reported that Kunming Yunnei Power (000903.SZ) stated in a recent investor relations activity that the company is currently not involved in human-shaped robot-related business.
Kunming Yunnei Power (000903.SZ): Cumulative sales of various types of engines in 2024 reached 353,900 units.
On February 13, Gelonghui reported that Kunming Yunnei Power (000903.SZ) mentioned during a recent investor relations event that in 2024, the traditional Commercial Vehicle engine market is affected by the continuously rising penetration of the New energy Fund market, slow recovery in the end market, and inventory pressure on enterprises, leading to overall demand falling short of expectations. The company has cumulatively sold 0.3539 million units of various engines, which is a decrease compared to the same period last year.
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