CIMC Vehicles won the "ESG Sustainable Development Excellence Enterprise"

Recently, the "Germany Mid-term Strategy Summit 2024" was held in Shenzhen. In the selection of the Germany ESG Golden Award, CIMC Vehicles (301039.SZ) won the "ESG Sustainable Development Excellence Enterprise" award for its outstanding practices in the ESG field.

CIMC Vehicles has been practicing the ESG concept and has disclosed ESG reports for five consecutive years, integrating corporate governance, social and environmental considerations into the pursuit of high-quality sustainable development. This is also the key to CIMC Vehicles winning the "ESG Sustainable Development Excellence Enterprise" award.
ESG has become a "must-answer question" in the industry, and green and low-carbon development will help sustainable development
The common characteristics of ESG sustainable development excellent enterprises in ESG management are generally inseparable from the following points: first, resonate with the national development strategy and play a key role in actively promoting "carbon peak and carbon neutrality"; second, maintain ESG at a high level in corporate strategy; third, improve ESG construction standards and enhance ESG practice capabilities.
As a global leading high-end manufacturer of semi-trailers and special vehicles, a pioneer in the high-quality development of China's road transport equipment, and an explorer and innovator in the field of new energy special vehicles in China, CIMC Vehicles deeply practices the ESG concept in the process of responding to the national "dual carbon" goals, and permeates ESG management into all aspects of corporate strategy and operations.

The evaluation of CIMC Vehicles by external institutions is a strong proof of its achievements in sustainable development. In 2023, in terms of ratings, Wind ESG Rating gave an A and Zhiding ESG Rating gave an AA. It is enough to show that CIMC Vehicles has become an excellent example of leading the green development of the industry and promoting the green transformation of enterprises. Reflected in the production level, CIMC Vehicles continues to promote the construction of green factories of its subsidiaries, and advocates green supply chains by improving energy efficiency, reducing emissions, optimizing waste management and promoting environmentally friendly construction, and is committed to green production and sustainable development with partners. Up to now, CIMC Vehicles' subsidiaries have 5 national green factories, 4 provincial green factories, 1 municipal green factory and 2 national green supply chain management companies. Taking Yangzhou Tonghua, a national green factory, as an example, a 5.88MWp photovoltaic power station has been built in 2023, with an annual power generation of about 6 million kWh, and a new 4.2MWp photovoltaic power station is planned to be built. After completion, it is expected to generate about 4 million kWh of electricity annually, and it is expected to reduce greenhouse gases by about 7,035 tons of carbon dioxide equivalent per year; at the same time, a number of water-saving measures are taken, with an annual water-saving rate of 40%, and LED lamps are fully used, with energy-saving lamps accounting for 100%. Reflected in the product level, CIMC Vehicles transforms the ESG concept into a driving force for product innovation, actively develops and promotes innovative low-carbon products such as new energy and lightweight, and increases the new energy field with innovative technology and innovative business models. Under the trend of electrification and intelligence, CIMC Vehicles actively develops products such as electric concrete mixer semi-trailers and new energy mining dump trucks.

At the same time, the company's Qiangguan Business Group launched the pre-research and product development of new energy head-mounted train integration in 2023, selected the mixing semi-trailer as the first landing scene, and cooperated deeply with the main engine factory to carry out the development of new energy head-mounted integrated train products, which is expected to occupy the development opportunity in the new energy market. Going to the third entrepreneurship and embarking on a new journey of high-quality development From a more comprehensive perspective, CIMC Vehicles has integrated the ESG concept with the third entrepreneurship. Looking specifically at the planning of the third entrepreneurship, ESG has been implemented in each different stage. The "Starlink Plan" from 2023 to 2025 will fully promote the implementation of the Starlink high-end manufacturing system; from 2025 to 2027, the new energy head-mounted train will enter the trial stage, the Qiangguan Business Group will enter the high-quality development stage, and the new energy head-mounted integrated train will form an incremental business; from 2028 to 2030, the new energy head-mounted integrated train will enter the external circulation, and the external circulation business will achieve a leap. It can be seen that CIMC Vehicles has increased its investment in technology and project construction, and continued to lead the industry in a more responsible way to accelerate the development of new quality productivity and promote high-quality development of the industry.

In the third entrepreneurial venture, the company has strong strength to strengthen existing technologies, products and services, and can open up new business areas with strong innovation capabilities, and is expected to create a new growth pole. In this year's policy requirements for promoting large-scale equipment renewal and replacement of old consumer goods with new ones, 13 ministries and commissions issued documents to promote a new round of equipment renewal in the transportation field and support the construction of a green and low-carbon transportation system. It can be foreseen that with the support of policies, the transportation industry will move towards high-quality development. In an interview with a consulting agency, Li Guiping, CEO and President of CIMC Vehicles, pointed out that the semi-trailer industry can build a new development pattern through "innovative semi-trailer design and production technology", "promoting the structural reform of production organization of leading semi-trailer companies", and "reconfiguring excess production capacity resources in the industry under internal and external circulation". This new development pattern can create higher production levels, better customer experience and sustainable profitability.

Green development is the background of high-quality development, and new quality productivity itself is green productivity. CIMC Vehicles has always insisted on innovation, creating new quality productivity, moving towards a higher quality and more sustainable development stage, constantly achieving self-transcendence, and leading the industry's high-quality development.
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