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Today’s headlines | Can a new generation of Tang dynasty open the "Zhenguan rule" of BYD dynasty?

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New brand accelerates "recruiting" Geely wants to use Volvo to "turn over"

"The headhunting company is still digging people, which is more urgent!" On March 24th, Xin Chen (pseudonym), a veteran who works for a joint venture car brand, told the reporter of China Business News, "According to the headhunting company, Geely is setting up a new company and investing heavily to build a brand-new car brand."

But what is puzzling is, what kind of company will this be? What is the relationship between this company and Volvo Cars? And what is the goal of Li Shufu, chairman of Geely Holding Group? With a series of questions, the reporter found that the CMA platform product jointly built by Geely and Volvo (a brand-new vehicle platform jointly developed by Volvo Car and its parent company Geely Group) is progressing steadily. In order to make the products developed on this platform put on the market smoothly, Geely is making a final sprint, and Geely’s above recruitment move may be related to this platform.

New products will be launched in 2016

The reporter learned that Geely’s recruitment stems from the fact that before the Spring Festival, the recruiters targeted the personnel of "ABB" and other car companies. The recruitment information released by headhunting companies also involves positions such as human resources director and engineer. In contact with headhunting companies, Xin Chen learned that many senior positions have been finalized on the eve of the Spring Festival.

"(Geely) will not form a new company with Volvo, but it will indeed set up a brand new brand. (This brand) will run in the form of a business unit. " On March 25th, Yang Xueliang, spokesman of Geely Holding Group, told reporters: "The recruitment that Geely is implementing is actually a preparation for CMA platform products."

From this point of view, the reason why Geely accelerated its recruitment at this time is because its new CMA platform product jointly developed with Volvo has entered the sprint stage of production. An insider of Geely Automobile said that the factory producing CMA platform products is under construction, and the new products will be officially launched in 2016, and the products will be launched in the above new brands.

It is reported that in September 2013, Geely-Volvo Joint R&D Center started trial operation in Sweden, which is mainly responsible for the development of CMA modular platform. In the future, the application of the platform can not only realize the modular production of vehicle models, thus reducing the manufacturing cost, but also control the weight of the car body, further achieving the purpose of reducing the weight of new cars. In the future, the CMA platform will mainly produce the models of Volvo brand that are positioned in the compact market, and can be extended to the field of small cars. As the other party to jointly develop the CMA platform, Geely Automobile will also share the platform with Volvo Cars.

According to the information initially disclosed by Geely, the R&D center will recruit 200 engineers by the end of 2014. But by the end of 2014, the R&D center had hired 400 engineers. And the recruitment of personnel is still expanding.

According to overseas media reports, Hanken samuelson, President and CEO of Volvo Car Group, said that the first model of Volvo based on CMA platform will be XC40, which will be launched in 2018. In 2019, Volvo will launch a new generation of V40 hatchback and a new compact car S40 based on CMA platform.

According to the information disclosed by Geely at present, its Geely brand model based on CMA platform will be introduced to the market two years earlier than Volvo brand. Yang Xueliang said that Geely’s products built on the CMA platform will include A-class cars and B-class cars. In 2016, Geely will launch a brand-new A-class car.

Conflict suspense

The upcoming production of Geely’s new products means that Volvo’s technical contribution to Geely Automobile has entered a new stage. However, the outside world has also noticed that Geely and Volvo’s new products originate from the CMA platform. Will this cause conflicts between the two products in the market?

For such questions, Geely and Volvo are actually ready. Earlier, in an interview with the media, Hanken samuelson said that although Geely and Volvo use the same platform, the products made by Geely brand based on CMA platform will be completely different from Volvo. He stressed: "The relationship between Volvo and Geely is like the relationship between Audi and Skoda."

In fact, after Geely acquired Volvo, Li Shufu also constantly stressed that Geely is Geely and Volvo is Volvo. Geely and Volvo are well aware that Geely and Volvo cannot be confused, and independent operation can benefit both brands.

It is based on this definition that after Geely acquired Volvo, Volvo’s brand image in the luxury car market was not hurt. The data shows that in 2009, Volvo’s global sales volume was only 330,000, but by 2014, Volvo’s global sales volume reached 465,900, setting a record high. At the same time, in 2009, Volvo sold 22,000 vehicles in China, and by 2014, this figure has also increased to 81,000 vehicles.

Zhang Zhiyong, a well-known commentator in the automotive industry, believes that with the help of Volvo’s technology, Geely has promoted the establishment of CMA platform and the research and development of brand-new products, and recruited automotive talents around the world to make the team create a more popular brand. This shows that after the acquisition of Volvo, Geely’s development ideas have been very clear.

The market is urgent

"The conditions they open are not like the practices of domestic independent brand car companies!" Xin Chen, who has worked in a joint venture car company for nearly ten years, said, "In order to dig up outstanding talents faster, Geely’s treatment and conditions are even higher than many joint venture car companies."

Obviously, Geely, who is eager to launch a sprint, has been a little anxious, hoping to reserve a good team for the upcoming new models through high salaries.

In 2014, Geely Automobile, which once grew rapidly, encountered a bottleneck in its development. Data show that in 2014, Geely Automobile sold a total of 425,773 vehicles, a decrease of 22.50% compared with 2013. As a car company with the largest year-on-year decline, Geely Automobile directly fell from the second place in the sales volume of independent car companies in 2013 to the fifth place. For Geely, in order to completely reverse the situation, the new Geely model based on CMA platform needs to join the "Geely Legion" as soon as possible.

Zhang Zhiyong said that Geely’s acquisition of Volvo not only promoted Geely’s brand, but also provided opportunities for Geely to acquire some key automotive technologies. It is understood that from the date of completion of the acquisition, Li Shufu, chairman of Geely, began to take a series of measures to promote technical cooperation and synergy between Geely Automobile and Volvo Automobile.

As early as 2012, Geely and Volvo signed a technical cooperation agreement, and the two sides will actively promote the joint development of small-displacement, high-performance, environmentally-friendly series engines, environmentally-friendly small car platforms, and new energy vehicle assembly system technologies such as electric vehicles, hybrid electric vehicles and plug-in hybrids.

With the introduction of Volvo technology, Geely has also begun to taste the sweetness. At present, new models and modified models developed on Geely’s existing platform all use Volvo technology to varying degrees. The new Geely car Borui, which will be launched in April 2015, was jointly developed by the Geely European R&D Center CEVT (Geely -VOLVO Joint R&D Center) and Geely Research Institute, using some Volvo technologies.

Some insiders believe that with the launch of the new CMA platform products, Geely will be in a favorable position in the competition of domestic independent brand models. However, it is not clear whether Geely can get what it wants when domestic independent brand car companies are accelerating their development and their independent market share is gradually shrinking.

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How much is BYD Han EV, will you pay without hesitation?

In the eyes of many consumers, independent brands have developed well in recent years, but if the price is higher than 200 thousand, they will not consider it. Therefore, the price of 200,000 yuan has become a thick and hard ceiling for the upward development of independent brands.

Even so, there are many brands trying to break the shackles, such as BYD. Its Tang EV was priced between 277,900 yuan and 377,900 yuan. At that time, this flagship SUV helped BYD establish a high-quality image with brand-new product strength. In the field of cars, this year BYD will bring a masterpiece with excellent shape, performance and battery life-Han EV, and continue to attack the 200,000 ceiling.

In appearance, Han EV adopts the latest Dragon Face design language, and the overall visual effect is high-end and elegant. The front face adopts a closed middle net, and the headlights on the left and right sides are chic and slightly raised. A silver ornament is chrome-plated through the closed middle net to connect the headlights on both sides, making the front face more stretched and open.

The length, width and height of Han EV are 4980/1910/1495mm, and the wheelbase is 2920 mm. The slender body size supports a powerful gas field. Viewed from the side, its body proportion is harmonious, the profile design is simple and elegant, and the flexible waistline gradually narrows from the C-pillar to the upper part, which matches with the hidden door handle design to outline the dynamic and washed coupe posture.

Regarding the body design, BYD Han EV pays special attention to it. If you look closely, you can find that its front part is more rounded and its tail part is more square, which is precisely due to the design concept of "front circle and rear". The rounder the front section, the easier it is for the wind to fit the car body quickly when it is impacted by the wind, while the more the rear section is, the wind can leave the car body quickly. With the clever design and the assistance of aerodynamic suite, the drag coefficient of BYD Han EV is amazing, only 0.233Cd, even lower than Tesla Model S(0.24Cd).

In the interior part, it adopts the embracing design language, and its style is simple and lively, not complicated. The most eye-catching thing is still the characteristic of BYD dynasty family-large-size suspended rotating central control panel. In addition, in terms of details, Han EV is also polished exquisitely. Its center console is decorated with matte silver, which effectively enhances the texture of the interior. The materials used are even more generous, and a lot of soft materials, piano paint and stitching techniques are used to create a good sense of luxury.

In terms of configuration, the specific configuration of Han EV has not been announced, but there is no doubt that it will be equipped with the latest generation of DiPilot intelligent driving assistance system and DiLink system. These two systems are BYD’s two major achievements in the field of intelligent driving and intelligent networking, which have always been well received. It is reported that Han EV will have a DiTrainer "coaching mode", which is the first in the industry and has the ability of self-renewal and evolution. It can combine users’ driving habits with driving scenes to improve users’ driving convenience.

In terms of power and endurance, Han EV handed over an excellent answer sheet.

Its maximum power is 363kW, and its peak torque is 680N·m, surpassing Xpeng Motors P7(316kW, 655N·m) and Tesla Model 3 (340 kW, 639 N m), and it has entered the "3-second club" of global production vehicles with a score of 3.9 seconds, while Xpeng Motors P7′ s best acceleration score is only 4.3 seconds.

In terms of battery life, Han EV is equipped with a "blade battery" with high safety and long battery life. The single-motor version of NEDC has a battery life of 605 kilometers and the dual-motor version of NEDC has a battery life of 550 kilometers. No matter which data, it can dispel consumers’ long-term battery life anxiety.

Whether it is design, performance or battery life, Han EV has shown good strength. How much is the price of such a boutique domestic car?

We might as well guess that at present, BYD’s most expensive car in the car field is Qin PRO EV, and its price is between 149,900 and 204,900 yuan. From the positioning and product strength of Han EV, its level and pricing will definitely be higher than Qin Pro EV.

Looking at its competing products, the price range of Xpeng Motors P7 is between 229,900 and 349,900 yuan, and the length, width, height and performance of Han EV are superior to it. From this point of view, its price should be slightly higher than P7.

Although Tesla Model 3 is not an opponent of Han EV in terms of level standards, its attack scope has always been extensive, and it can compete with luxury brands, new forces and traditional car companies, and I believe that many people will choose between it and Tesla Model 3 after the listing of Han EV in the future. At present, Tesla’s pricing is between 29.18-41.98 million yuan. From the perspective of performance, size and battery life, Han EV is better than Model 3, but its brand power is not as good as Tesla’s, and Model 3 is popular. In order to strengthen the competitiveness of Han EV, its price should be lower than Model 3, but the models with medium, high and above may exceed the upgraded version of Model 3 standard endurance rear drive (291,800 yuan).

In summary, the pricing range of Han EV may be 240,000-360,000 yuan.

If it were you, how much would you pay for BYD Han EV?

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It doesn’t matter whether Hua Xizi is a "domestic product" or a "foreign brand".

The discussion of Hua Xizi should not be limited to the anchor.

The continuous fermentation of the Li Jiaqi incident not only caused the sales of Huaxizi to drop, but also put the brand itself in the spotlight. A topic of "Huaxi’s foundry is a Japanese-funded enterprise" has also recently boarded a hot search in Weibo.

Confirmed by Investor. com, a considerable part of Huaxi’s suppliers (foundries) are indeed foreign-funded backgrounds. Nevertheless, it still can’t change Hua Xizi’s status as a "domestic product", and it’s hard to hide the fact that the employees of foreign-funded foundries are all from China.

The rise of live broadcast with goods is a game of making money, so Li Jiaqi, Viya and other head anchors can actually gain control over the sales channels. For consumer goods, channels are too important. But consumers care more about whether domestic products can stand up than what Li Jiaqi said.

What percentage of foreign capital is "concentration"

From the perspective of ownership structure, Hua Xizi’s status as a "domestic product" is beyond doubt. Enterprise investigation shows that its sole shareholder is Zhejiang Yige Beauty Cosmetics Group Co., Ltd., and Zhang Dayong, executive director and general manager of the company, and Wu Chenglong, supervisor, are also from China.

The "Japanese-funded foundry" of Hua Xizi questioned by netizens is indeed true. Not only that, but after combing the product information of the top 10 and top-ranked products in the flagship store of Huaxizi Tmall, Investor.com found that more than half of the producers of these products are foreign investors.

The foundries of Shouwu Eyebrow Pencil, Air Honey Powder, Silk Honey Powder and Flower Dew Cleansing Wet Wipes are: Shanghai Chuangyuan, Shanghai Zhenxin, Shanghai Ourun and Hangzhou Huaningxiang. The manufacturers of these products are all domestic-funded enterprises, and Hangzhou Huaningxiang, the manufacturer of makeup remover wipes, may be Huaxi’s own production capacity.

In the foreign investment part, we should first look at Hua Xizi’s makeup set, whose sales volume itself is low, but because of the topicality at the beginning of listing and the design sense of the product itself, Hua Xizi put it at the top of the list. According to the product information on Tmall, its manufacturer is Suzhou Annokos Cosmetics R&D Co., Ltd. (hereinafter referred to as "Annokos").

The largest shareholder of Anokos is Axilong Shunhua Aluminum Plastic Industry Co., Ltd., holding about 87.5%, while the latter’s major shareholder is a subsidiary of Spain Axilong Metal Co., Ltd., holding about 60%. In addition, two Korean shareholders hold about 12.5% of the shares. Generally speaking, foreign capital accounts for more than 50% of the shares in Annokos.

It doesn't matter whether Hua Xizi is a "domestic product" or a "foreign brand".

It doesn't matter whether Hua Xizi is a "domestic product" or a "foreign brand".

The Japanese manufacturer Dongse Daily Chemical mentioned in the hot search produces a four-elephant balanced skin-sticking liquid foundation. The manufacturer is wholly owned by Japan Dongse Cosmetics Co., Ltd.; Koma Cosmetics, the manufacturer of Yurong Yunsha sunscreen makeup cream, is a wholly-owned Korean enterprise; Lixin Biotechnology Cosmetics, the manufacturer of Yurong Ningzhi Makeup Powder, is a Hong Kong-funded enterprise.

In addition, Kesimeishi, a manufacturer of products such as Jade Girl Peach Blossom Light Honey Powder, was established in 1992 and has a long-standing reputation in the beauty OEM industry. It is also a Korean enterprise. It is worth mentioning that this foundry also established Shanghai Yige Ningxiang Biotechnology R&D Co., Ltd. together with Hangzhou Huaningxiang Biotechnology Co., Ltd. behind Huaxizi.

It doesn't matter whether Hua Xizi is a "domestic product" or a "foreign brand".

Moreover, Cosme also invested in Perfect Diary Cosmetics (Guangzhou) Co., Ltd. and Yixian Biotechnology (Guangzhou) Co., Ltd., both holding 51% of the shares, which is also deeply related to Perfect Diary.

The above 11 products involve 9 manufacturers, among which 5 are foreign-funded manufacturers. Huaxizi itself is a domestic product, but the proportion of foreign investment in its cooperative foundries is indeed not small.

Channel dependence needs to be broken

For consumer goods, sales channels are always a problem that enterprises need to pay attention to.

In particular, the light-asset beauty brands such as Huaxizi, Tangduo and Perfect Diary, apart from focusing on enhancing brand value through marketing means, lack of online sales channels has always been the fate of these brands.

After Li Jiaqi’s "accident", Hua Xizi’s problem was obviously magnified. Hua Xizi was established in 2017, and the cooperation with Li Jiaqi began in 2019. Since then, Hua Xizi’s fame and sales have been closely linked with this man.

In April 2019, Hua Xizi launched a "micro-carved star dome carved lipstick". After the promotion of this product in Li Jiaqi the following month, the sales increased to 5.948 million yuan, up 165% from the previous month. Although this lipstick bears the label of "flashy" and "reluctant to use", its sales volume has increased rapidly. By November of that year, its sales volume increased to 23.952 million yuan.

Li Jiaqi also became Hua Xizi’s "chief recommender" in September of this year. In 2020, the cooperation between the two companies will become more intensive. The Huaxi sub-brand entered the live broadcast room in Li Jiaqi 71 times, with an average of 5 times a month, and the number of cooperation in May of that year was as high as 10 times. In 2019, the sales of Huaxizi was about 1.5 billion yuan, which exceeded 3 billion yuan in 2020 and 5.4 billion yuan in 2021.

According to the data of Foresight Economist, in 2020, more than 30% of Huaxi’s traffic will come from Li Jiaqi’s live broadcast room and Tik Tok, and Li Jiaqi’s contribution to Huaxi’s GMV will even exceed 60% in such critical periods as various shopping festivals. In February, 2020, 80% of Huaxi’s sales came from online, and 40% of them came from the live broadcast room in Li Jiaqi.

According to the data from October 10th to November 9th, 2019, the average daily live broadcast of Hua Xizi in Taobao is about 200, but only the live broadcast in Li Jiaqi can bring the peak of sales.

It doesn't matter whether Hua Xizi is a "domestic product" or a "foreign brand".

The "Matthew effect" in the anchor group with goods in the head is a cliche, and this ending has its inevitability. After the MCN organization ran out several head anchors in the early days by casting a wide net, these heads themselves have become a "famous brand" with strong endorsement ability. With a huge number of fans, they can get the source of the head brand and talk about the lowest discount on the whole network.

Few consumers can resist the "triple whammy" of head anchor endorsement+well-known brand products+the lowest price of the whole network, and the solid guarantee of sales volume also makes the brand side more inclined to choose the head anchor. This kind of channel monopoly, which is difficult to define and exists objectively, is formed, so that it is difficult for the platform to break this monopoly by transporting traffic to KOL and even KOC.

What Hua Xizi has to face today is that Li Jiaqi made a mistake and the public relations department resigned, while his own offline channel is still in its infancy. On December 19, 2022, Hua Xizi opened the first offline store near the West Lake in Hangzhou, but there is still no exact news about the subsequent store opening plan.

As of January, 2023, there were about 20 offline stores in China. By the end of 2022, there were 158 stores of Perfect Diary.

Are all fellow travelers

To some extent, Perfect Diary, Huaxizi and Tangduo are all fellow travelers. They were born at the end of the blowout era of the Internet industry, but they got on this express train after all. Xiaohongshu, Tik Tok, Taobao live broadcast, these are the explosion points of new e-commerce. On these platforms, new brands have the opportunity to stand on the same starting line as old brands.

The fastest runner is Perfect Diary, and its parent company Yixian E-commerce successfully landed in the US stock market.

In January 2019, Perfect Diary opened its first offline store in Guangzhou. After listing, Yixian E-commerce also indicated that it will use 30% of the raised funds to support business growth and expansion, including increasing the number of offline stores. In terms of its own production capacity, in August 2023, the first factory of Yixian E-commerce was officially put into operation. The partner of the project was Kosmet, with Yixian E-commerce holding 49% and Kosmet holding 51%.

It is worth mentioning that Kosmet also has similar cooperation with Hua Xizi.

In terms of R&D, in recent years, the R&D investment of Yixian E-commerce has been maintained at a high level, and 30% of the listed funds have been used to seek potential M&A targets. Yixian E-commerce has also intensively acquired a number of high-end skin care brands before and after listing. After receiving the delisting warning from NYSE in April, 2021, the company also said that the beauty industry as a whole will shift from channel bonus-driven to product and brand-driven stage, which will increase investment in skin care and makeup products.

During the channel bonus period, domestic brands only need to pull up a team, build a brand and contact a group of foundries, so it is easy to make high sales with the help of channel bonus, and even get a high valuation in the primary market. However, after all, the foundry is an "industry bus", and the beauty products themselves lack a moat. Under the light asset game, competitors will emerge at any time.

Yixian e-commerce has almost stepped out of the growth path of an online beauty brand with light assets, which can be summarized as: starting online, opening offline stores, building self-built production capacity and making skin care products.

Judging from the current known information, Yixian e-commerce is taking the fourth step, and Tangduo has just begun to take the second step. From the point of view of opening a store under the Huaxi Sub-line and cooperating with Cosmis, it may be taking the second and third steps at the same time.

Skin care products have higher technical content and naturally have more profit space. Looking at the big brands on the market at present, they may also have a considerable number of products from foundries, but in terms of skin care, they all have their own "housekeeping formula".

No matter what consumers think of an inflated anchor, one thing is certain: they all hope that domestic brands can really stand up.

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[Early know] A new round of large-scale conflict broke out between Palestine and Israel; Main market performance during the long holiday: China’s assets generally rose, and international oil prices fe

abstract

Hot spot focusing

1. The spokesman of the Ministry of Commerce answered a reporter’s question on the inclusion of some China entities in the export control "entity list" by the US Department of Commerce.
A spokesman for the Ministry of Commerce answered a reporter’s question on the inclusion of some China entities in the export control "entity list" by the US Department of Commerce.
A reporter asked: On October 6, 2023, US Eastern Time, the US Department of Commerce announced that some Russian entities were included in the "list of entities" for export control. What is China’s comment on this?
A: China has noticed the relevant situation. In a short time, the United States once again listed some Russian enterprises in the "entity list" of export control on the grounds of so-called involvement in China. The United States has generalized national security, abused export control measures, and arbitrarily imposed unilateral sanctions and "long-arm jurisdiction" on China enterprises. This is a typical act of economic coercion and unilateralism, which China resolutely opposes.
The United States should immediately correct its wrong practices and stop its unreasonable suppression of China enterprises. China will take all necessary measures to resolutely safeguard the legitimate rights and interests of enterprises in China.
2. Shanghai and Shenzhen Stock Exchanges: At this stage, the time for T+0 trading in the A-share market is not mature.
Relevant person in charge of Shanghai and Shenzhen Stock Exchanges answered questions from reporters. Q: Recently, it has been reported from the media that the trading hours of A shares will be extended after the holiday, and T+0 trading will be tried out on some stocks. How do you comment on this? A: We are concerned about the above rumors, and the relevant contents are not true. On August 18th this year, when answering a reporter’s question on activating the capital market and boosting investors’ confidence, the relevant person in charge of the CSRC proposed to study the appropriate extension of the trading hours in the A-share market. This work involves a wide range and has a great influence. The Exchange is conducting in-depth research and demonstration in accordance with the unified deployment of the CSRC. In addition, the relevant person in charge answered the reporter’s question in the early stage and made it clear that the time for T+0 trading in the A-share market at this stage is not mature.
3. Zhejiang Guoxiang IPO Sudden Brake Shanghai Stock Exchange will carry out special verification.
Near the subscription date, Zhejiang Guoxiang (603361)IPO pressed the pause button. The Shanghai Stock Exchange also paid close attention to this matter, saying that it would conduct a special inspection on Zhejiang Guoxiang. On the evening of October 7, Zhejiang Guoxiang announced that due to relevant media reports, in order to effectively protect the interests of investors, the issuer and the lead underwriter decided to suspend the follow-up issuance work until the relevant matters were verified and clarified. The estimated issuance schedule disclosed in the original Announcement on Issuance Arrangements and Preliminary Inquiry will be adjusted. Zhejiang Guoxiang was originally scheduled to purchase on October 9th (T-day) after the National Day. In answering a reporter’s question, the Shanghai Stock Exchange said that recently, there have been media concerns about the existence of the same asset secondary listing and high issuance pricing in Zhejiang Guoxiang. In this regard, the Exchange said that it has paid attention to relevant reports. The relevant information reflected from the media has been paid attention to in the audit and a special inquiry has been made. At present, Zhejiang Guoxiang has suspended the IPO issuance process.
In April and September, the purchasing managers’ index of China’s manufacturing industry was 50.2%, up 0.5 percentage points from last month.
In September, the purchasing managers’ index (PMI) of China’s manufacturing industry was 50.2%, up by 0.5 percentage point from the previous month. After running below 50% for five consecutive months, it returned to the expansion range. At the same time, the index rose for four consecutive months, and the chain-on-chain increase rate continued to expand, indicating that the economic recovery situation is getting better. Among the 21 industries surveyed, the purchasing managers’ index of 11 industries is above the critical point, two more than last month, and the manufacturing boom has expanded.
5. China’s foreign exchange reserves in September were US$ 3,115.1 billion, down US$ 45 billion from the end of August.
According to the statistics of the State Administration of Foreign Exchange, by the end of September 2023, China’s foreign exchange reserves stood at $3,115.1 billion, down by $45 billion or 1.42% from the end of August. In September 2023, influenced by the monetary policies and expectations of major economies, macroeconomic data and other factors, the US dollar index rose and the global financial asset prices generally fell. The scale of foreign exchange reserves decreased in the month due to the combined effects of exchange rate conversion and asset price changes. The overall recovery of China’s economy is improving, and the solid progress of high-quality development is conducive to the continued stability of the scale of foreign exchange reserves.
6. Many data of long holiday travel have exceeded that before the epidemic.
According to the Ministry of Culture and Tourism, during the Mid-Autumn Festival and National Day holidays in 2023, the cultural and tourism industries recovered strongly, and the national holiday market was stable and orderly. According to the data center of the Ministry of Culture and Tourism, during the eight-day Mid-Autumn Festival and National Day holiday, the number of domestic tourists was 826 million, an increase of 71.3% year-on-year according to comparable caliber, and an increase of 4.1% compared with 2019 according to comparable caliber; Domestic tourism revenue reached 753.43 billion yuan, up 129.5% year-on-year according to comparable caliber, and up 1.5% compared with 2019 according to comparable caliber.
7. Passenger Association: It is estimated that the wholesale sales volume of new energy passenger car manufacturers in September will be 830,000, a year-on-year increase of 23%.
The Federation comprehensively estimated that the wholesale sales volume of new energy passenger car manufacturers in September was 830,000, a year-on-year increase of 23% and a quarter-on-quarter increase of 4%. According to preliminary estimates, from January to September this year, 5.92 million vehicles were wholesale, up 36% year-on-year. The Federation predicts that in 2023, the sales volume of new energy passenger cars in China will be 8.5 million, and the sales volume of narrow sense passenger cars will be 23.5 million. The annual penetration rate of new energy vehicles is expected to reach 36%. The current operation state is basically consistent with the forecast.
8. State Administration of Taxation: Departments in charge of official vehicles at all levels should increase the use of new energy vehicles.
From September 26th to 27th, the State Administration of Taxation held a site meeting on the promotion of new energy vehicles and a national symposium on the management of official vehicles in xiong’an new area, Hebei. The meeting stressed that the competent departments of official vehicles at all levels should fully implement the policy requirements for the promotion of new energy vehicles, strengthen coordination with relevant industry authorities, improve supporting measures, and increase the use of new energy vehicles. It is necessary to pay attention to local conditions and classify policies, better coordinate geographical location, power types, urban-rural differences, and vehicle use, and actively and steadily promote the use of new energy vehicles.
9. National Film Bureau: National Day box office was 2.734 billion yuan.
According to the statistics of the National Film Bureau, the total box office of National Day movies in 2023 (from September 29th to October 6th) was 2.734 billion yuan, with 65.1 million people watching movies, and the domestic movie box office was 2.618 billion yuan, accounting for 95.78% of the market. The top five movies in the National Day box office were: Rock Solid, 883 million yuan, and Ex-4: Early Marriage, 6.
10. IATA: In August, air cargo demand increased year-on-year for the first time in 19 months.
On October 8, IATA’s regular data on the global air cargo market in August 2023 showed that the air cargo demand increased year-on-year for the first time in 19 months, with an increase of 1.5% compared with August 2022 according to the freight ton-km. The transportation capacity increased by 12.2% compared with August 2022. The strong growth of transportation capacity is attributed to the 30% year-on-year increase of abdominal cabin transportation capacity. Willie Walsh, president of IATA, said that PMI data is developing in a positive direction, and this signal is even more optimistic as it enters the traditional year-end peak season of air cargo.
11. Shenzhen: By 2025, the proportion of new energy and clean energy power vehicles will reach about 60%.
Shenzhen Municipal People’s Government issued the implementation plan of Shenzhen peak carbon dioxide emissions. Among them, it is proposed to promote the low-carbon transformation of transportation equipment. By 2025, the proportion of new energy and clean energy vehicles will reach about 60%, the number of new energy vehicles in the city will reach about 1.3 million, the number of LNG vehicles will reach more than 20,000, and the number of hydrogen fuel cell vehicles will reach about 2,000. By 2030, the proportion of new energy and clean energy vehicles will reach about 70%, and the number of new energy vehicles in the city will reach about 2 million.
12. Tesla reduces the price of some models in the United States.
On October 6th, Tesla official website showed that Tesla reduced the price of some models in the United States, the price of Model 3 in the United States dropped from $40,240 to $38,990, and the price of Model Y long-life version in the United States dropped from $50,490 to $48,490.
13. Sudden change in the Middle East! The largest armed conflict broke out between Palestine and Israel in years.
On October 7th, local time, the Palestinian Islamic Resistance Movement (Hamas) announced that it would launch a military operation against Israel. It not only fired thousands of rockets, but also its armed personnel entered Israel and clashed with the Israeli army. The Israeli army responded by launching several rounds of air strikes in the Gaza.
14. The US non-farm payrolls data in September far exceeded expectations.
On October 6th, the U.S. Department of Labor announced the changes of non-agricultural employment population and unemployment rate data in September. In September, the number of non-farm employees in the United States increased by 336,000, a sharp increase from the expected 170,000, much higher than the 187,000 in August. This latest data undoubtedly shows the strength of the labor market in the United States, and the number of non-agricultural new jobs exceeding 300,000 is beyond the expectations of all Wall Street institutions. Previously, among large financial institutions, Citigroup gave the highest non-agricultural expectations, but it only added 240,000 people. Investors have more reason to believe that the Fed will maintain high interest rates and even raise interest rates further in the face of high inflation.
15. Major market performance during the long holiday: China’s assets generally rose and international oil prices dropped sharply.
During the A-share holiday, the overseas market represented by the interest rate of US bonds fluctuated obviously, and the global stock market remained volatile as a whole. At the same time, the US dollar index strengthened and the international oil price dropped sharply.
In terms of China’s assets, Hang Seng Index rose by 0.65%, Hang Seng Technology Index rose by 1.01%, Nasdaq China Jinlong Index rose by 0.34%, and A50 Index rose by 0.19%.
In terms of US stocks, the Nasdaq rose 1.74%, the S&P 500 rose 0.2% and the Dow fell 0.77%. In terms of European stocks, Germany’s DAX30 index fell 0.61%, France’s CAC40 index fell 0.79%, and Britain’s FTSE 100 index fell 1.41%. In the Asia-Pacific stock market, the Korean Composite Index fell by 2.29% and the Nikkei 225 Index fell by 2.75%.
In terms of commodities, gold and oil all showed a correction. London gold has been falling for nine trading days since September 25th. During the long holiday, it has fallen by about 2%, and COMEX gold has fallen by 1.84%. In terms of crude oil, NYMEX crude oil fell by 9.8% and ICE oil distribution fell by 9.31%.
16. The Beijing Stock Exchange revised the relevant guidelines and promoted the transfer in a safe and orderly manner.
On October 8, after soliciting opinions from all parties in the market, the Beijing Stock Exchange revised and issued the "Guidelines for Continuous Supervision of Listed Companies of Beijing Stock Exchange No.7-Transfer of Board" (hereinafter referred to as the "Guidelines for Transfer of Board"). According to the experts interviewed, with the official release of the "Transfer Guidelines" of the North Stock Exchange, the transfer listing of the North Stock Exchange will soon enter the practical stage, or it will promote the valuation repair of listed companies in the North Stock Exchange, enhance the liquidity of the secondary market of the North Stock Exchange, and attract more high-quality companies to go public in the North Stock Exchange. The North Stock Exchange said that the transfer mechanism involves the coordinated development of multi-level capital markets. This revision of the Guidelines for Transfer attaches great importance to the protection of investors’ rights and interests, and strives to form an orderly, standardized and normalized transfer arrangement.

Theme opportunity

1. Ask the new M7 to set a new high in a single day. The supply chain is expected to benefit.
According to the official news, the new M7 model of AITO has set a new one-day record during the Mid-Autumn National Day holiday. According to the latest official data, the car reached a "record high" on October 6, with a large number of 7000 vehicles. Since the car was officially listed, the cumulative number of large orders has exceeded 40,000. According to public information, the new M7 in Wenjie is equipped with Huawei ADS 2.0 advanced intelligent driving system, which can realize high-speed and urban intelligent driving without relying on high-precision maps. The new car is equipped with 27 sensing hardware, including 1 overhead lidar, 3 millimeter-wave radars, 11 high-definition visual sensing cameras and 12 ultrasonic radars, which supports parking service and ultra-narrow parking spaces in the park. In 2023, the sales volume of the world was less than expected for a long time, and the new M7 exceeded expectations to raise the market heat. There is room for exceeding expectations in the future, and related supply chains are expected to benefit. Related companies include Demais, Mingke Jingji and so on.
2, artificial intelligence chip track fiery giants set out to launch self-developed products.
According to foreign media reports, Microsoft plans to launch the first chip specially designed to support artificial intelligence (AI) at the Microsoft Ignite conference held in Seattle on November 14th. At the same time, OpenAI, the developer behind ChatGPT, which exploded this year, is exploring the manufacture of its own artificial intelligence (AI) chip and has begun to evaluate a potential acquisition target. It is also known that Amazon and Google have strategically integrated their artificial intelligence chips into their cloud business promotion activities. The analysis pointed out that this wave of AI was set off by ChatGPT, which triggered Chinese and foreign scientific and technological enterprises to pursue big language models and generative AI and an arms race for computing power. With the emergence of more complex and multivariate models, AI chips with high computing power will fully benefit. At present, although the popularity of generative AI and big models has cooled down compared with the beginning of the year, NVIDIA and other giants have given strong performance and future guidance, indicating that the industry is still investing more in the AI field on a large scale and is optimistic about the long-term development trend of AI. Related companies include Tongfu Microelectronics and Haiguang Information.
3. Huawei’s fully liquid-cooled overcharge station went online.
On October 4th, Huawei officially announced that the fully liquid-cooled overcharge station built by Huawei Digital Energy was officially launched in the southern Sichuan-Tibet line and along Litang and Aden highways, with a maximum output of 600kW and a maximum current of 600A, which is known as "one kilometer per second". The success rate of one-time charging is as high as 99%, and the charging range of 200-1000V matches all models, including passenger cars such as Tesla, Tucki, Ideality and commercial vehicles such as Cargo Lala. Liquid-cooled overcharge technology is based on the traditional air cooling technology, which introduces liquid cooling module to realize efficient heat dissipation and temperature control of equipment. At present, domestic brand car companies Weilai (500kW ultra-fast charging), Tucki (480kW single pile), Beiqi (480kW) and FAW (350kW) have all been overcharged, and liquid cooling technology has also become the technical layout direction of overcharge stations. Huaxi Securities said that the feedback of Huawei’s intelligent and electrified layout is good, which is expected to enhance the acceptance of smart platforms, liquid-cooled overcharges and other technologies by domestic consumers.

Company news

1. Evergrande Motor Co., Ltd.: Trading in the company’s shares will resume at 9: 00 am on October 9.
Evergrande Automobile: The company has applied to the Stock Exchange to resume trading in the company’s shares from 9: 00 am on October 9, 2023.
2. North Rare Earth: The transaction price of rare earth concentrate in the fourth quarter was adjusted to 20,536 yuan/ton excluding tax.
North Rare Earth (600111) announced on the evening of October 8, according to the pricing method of rare earth concentrate and the price of rare earth oxide in the third quarter of 2023, the transaction price of rare earth concentrate in the fourth quarter of 2023 was adjusted to 20536 yuan/ton (dry weight, REO=50%) without tax after calculation and approval by the general manager’s office, and the price without tax was increased or decreased by 410.72 yuan for every 1% increase or decrease in REO. The company will re-sign the Rare Earth Concentrate Supply Contract with Baotou Steel, and carry out related transactions of rare earth concentrates according to the newly signed contract.
3. Huayi Brothers: The operating income from "Previous 4: Early Marriage" is about 73.49 million to 95.45 million.
Huayi Brothers (300027) announced on the evening of October 8 that the film "Ex-4: Early Marriage" directed by its subsidiary was released in Chinese mainland on September 28, 2023. According to the data of the National Film Office, as of 24: 00 on October 6, 2023, the film was released in Chinese mainland for 9 days, and the cumulative box office income (that is, the cumulative total box office of the film) was about RMB 710 million (the final settlement data may be slightly wrong), which exceeded 50% of the operating income of the company’s audited consolidated financial statements in the latest fiscal year. As of October 6, 2023, the company’s operating income from the film was about 73.4882 million yuan to 95.4502 million yuan (there may be errors in the final settlement data). At present, the film is still in release.
4. China Eastern Airlines: It plans to purchase 100 C919 aircraft from Comac.
China Eastern Airlines (600115) announced on the evening of September 28th that the company signed the C919 Aircraft Purchase and Sale Agreement with Commercial Aircraft Corporation of China (hereinafter referred to as "Comac") and purchased 100 C919 aircraft from Comac. According to the central parity exchange rate of RMB against the US dollar (1 US dollar to 7.1798 RMB) announced by the People’s Bank of China on the signing date of this transaction agreement, the catalog price of 100 C919 aircraft purchased this time is about 71.08 billion RMB. The above 100 aircraft are scheduled to be delivered to the company in batches from 2024 to 2031.
5. Lotus Health: Xinhua San Information plans to deliver 330 NVIDIA H800GPU series computing servers to Lianhua Kechuang.
Lotus Health (600186) announced on the evening of September 28th that Lotus Kechuang, a wholly-owned subsidiary of the company, signed the Purchase Contract with Xinhua San Information, a subsidiary of Xinhua San Holdings, on September 27th. Both parties confirmed that under this purchase contract, Xinhua San Information delivered 330 NVIDIA H800GPU series computing servers (each server contains 8 GPUs) to Lianhua Kechuang, with a total contract price of 693 million yuan.
6. China Zhongmian Performance Express: The net profit in the first three quarters was 5.199 billion yuan, a year-on-year increase of 12.33%.
China Zhongmian (601888) disclosed the performance report on the evening of October 8: the net profit in the first three quarters was 5.199 billion yuan, up 12.33% year-on-year, and the revenue was 50.84 billion yuan, up 29.14% year-on-year. During the reporting period, the company paid attention to sustainability and pursued a balanced growth of scale and profit. In the first three quarters of 2023, the gross profit margin of the company’s main business continued to recover, which were 28.75%, 32.47% and 34.27% respectively.
7. Tomson Bianjian: The net profit in the first three quarters increased by 25% to 34%.
Tomson Bianjian (300146) announced on the evening of October 8 that the net profit in the first three quarters is expected to be 1.849 billion yuan to 1.979 billion yuan, an increase of 24.77% to 33.55% over the same period of last year. Benefiting from the increase in market demand for many categories of products brought about by the improvement of national health awareness, the company’s domestic and overseas income achieved rapid growth in the first three quarters.
8. Sunrise in the East: The estimated net profit in the first three quarters is 1.2 billion-1.38 billion, with a year-on-year increase of 61%-85%.
Oriental Risheng (300118) released its performance forecast on the evening of September 28th, and it is expected to achieve a profit of RMB 1.2 billion-RMB 1.38 billion in the first three quarters of 2023, an increase of 60.56%-84.65% year-on-year. Benefiting from the expansion of the company’s module production capacity, the increase of the scale of self-supplied batteries and the stabilization of the price of photovoltaic upstream supply chain, compared with the same period of last year, the sales volume of photovoltaic module products of the company increased, the sales gross margin increased, and the corresponding sales profit increased. In addition, this period, the company’s overseas battery component production base began to ship stably, which also had a positive impact on the company’s operating performance.
9. BYD: The sales volume in September was 287,500 units.
BYD (002594) announced on the evening of October 8 that it sold 287,500 vehicles in September, compared with 201,300 vehicles in the same period last year; In September, a total of 28,039 new energy passenger cars were sold overseas. In September, the total installed capacity of power batteries and energy storage batteries of new energy vehicles was about 14.348GWh, and the cumulative installed capacity in 2023 was about 100.931GWh.
10. Zhongding Co., Ltd.: Obtained the project designation of air suspension system products.
Zhongding Co., Ltd. (000887) announced on the evening of October 8 that AMK, a subsidiary company, has become a batch supplier of air supply unit assembly products for air suspension system of a new platform project of a head new energy brand main engine factory in China. The life cycle of this project is 5 years, and the total amount of life cycle is about 1.64 billion yuan.
11. China Chemical: The subsidiary signed a general contract of about 65.05 billion yuan for the chemical complex project of methanol from natural gas.
China Chemical (601117) announced on the evening of October 8 that recently, a wholly-owned subsidiary of the company signed a general contract with Russian Baltic Methanol Co., Ltd. for the chemical complex project of methanol from natural gas. The duration of this contract is 48 months, and the total contract amount is 8.4 billion euros, equivalent to about 65.05 billion yuan.
12. Xu Ji Electric: Pre-bid for the Fifth Equipment Bidding Procurement of State Grid UHV Project.
Xu Ji Electric (000400) announced on the evening of October 8 that the company had won the bid for the fifth equipment bidding procurement of the State Grid UHV project in advance, with an estimated bid amount of 611 million yuan.
13. Commodity City: Signed a strategic cooperation framework agreement with People’s Data, a platform of People’s Daily Online.
Commodity City (600415) announced on the evening of October 8 that the company signed a strategic cooperation framework agreement with People’s Data, a platform of People’s Daily Online, to carry out all-round and multi-level cooperation in data confirmation, data storage, data empowerment and data operation, and establish a long-term, stable and efficient communication mechanism to jointly create a trade data ecosystem.

calendar of finance and economics

Editor: Zhang Qian
Proofreading: Yao Yuan
These, users are watching.
Controversy! Venus commented on the hot search on "Rock Solid"! The box office has reached nearly 500 million, and the main producer is this A-share company.
Where are the institutions going this year? The total number of reception institutions of these hot stocks during the year has exceeded 2,000.
Second listing of the same asset? Suspend the issuance process, special inspection!
Will A shares extend trading hours after the holiday? The Shanghai and Shenzhen Stock Exchanges just responded!
The US Department of Commerce listed 42 China enterprises on the export control list! 753.43 billion yuan, the "Double Festival" consumption report card was released.
That’s outrageous! There is no direct supply to Tesla, and there is no customer sample delivery evaluation! The misleading statement of "4 Lianban" company, the chairman and sister bought accurately on the eve of the daily limit.
通过admin

Huawei ADS 2.0 Smart Drive High-end Package launched a limited-time discount with a one-time purchase price of 26,000 yuan.

Yichexun On December 23rd, AITO Automobile announced in WeChat official account that the HUAWEI ADS 2.0 smart driving premium package will usher in a major upgrade, supporting many major new functions of smart driving pilot NCA, such as "it can be opened all over the country, and the more it is opened, the better it is opened". In addition, it is also announced that HUAWEI ADS 2.0 Smart Drive Premium Package will launch a limited-time discount, with a one-time purchase price of 26,000 yuan, and the discount period is from January 1, 2024 to March 31, 2024.

AITO Automobile said that the HUAWEI ADS intelligent driving system carried by HarmonyOS Zhixing series products has been well received by consumers since it came out. On the occasion of the end of this year and the beginning of this year, HUAWEI ADS is about to upgrade to users and support many major new functions such as intelligent driving and piloting NCA "the whole country can open, the more it opens, the better it opens" and parking and driving. At the same time, relying on Huawei’s strong investment in cloud computing power and AI cluster training, we can realize the rapid evolution of intelligent driving ability and experience, and continue to bring users a better, safer and smarter intelligent driving experience.

In addition, in order to thank consumers for their support to HarmonyOS Zhixing, we continue to offer a limited-time discount on ADS 2.0 premium package, with a one-time purchase price of 26,000 yuan, and the discount period is from January 1, 2024 to March 31, 2024.

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Hangzhou drag racing case: the victim’s father applied for protest to talk about the "body double" incident.

> > > Enter the social channel


> > > enter the rule of law channel


News review:The Xihu District Court of Hangzhou responded to body double’s rumor: Hu Bin’s identity is undoubtedly confirmed.


  Zhongxin. com, Hangzhou, July 28th (Reporter Shuang Yuan, Chai Yanfei) The sensational "5.7" traffic accident case in Hangzhou had the first trial result, but the result did not end the incident. Parents of both sides first expressed unfairness to the court’s decision, and many netizens even expressed doubts about whether Hu Bin was body double at the trial. On 24th, Tan Zhuo’s father, Tan Yue, sent a protest application and a complaint to the procuratorate and the court. The Xihu District Procuratorate said today that it has accepted the appl ication for protest, but it still needs to be studied whether it will protest.


  At about 8 pm on May 7th this year, Hu Bin, who was only 20 years old, raced with his friends in the busy streets of Hangzhou, killing Tan Zhuo, a 25-year-old Zhejiang University graduate who was crossing the zebra crossing to go home after watching a movie. Subsequently, the local police in Hangzhou determined that Hu Bin was driving at "70 yards per hour", which caused public outcry. For a time, students from major media, forums and Zhejiang University paid great attention to this traffic accident, which also had a wide impact throughout the country.


  On July 15th, the Xihu District People’s Court held a public hearing on the case. More than 60 people from all walks of life, including relatives of the victim Tan Zhuo, former colleagues, relatives of the defendant Hu Bin, deputies to the National People’s Congress and CPPCC members, attended the trial. On the 20th, the court made a public judgment in the first instance and sentenced the defendant Hu Bin to three years’ imprisonment for traffic accident. In addition, after the incident, Hu Bin’s relatives have compensated and voluntarily compensated the victims’ relatives for economic losses totaling RMB 1,130 100 yuan.


  Although Hu Bin’s parents thought the verdict was unfair, they said they would not appeal for the time being. Tan Zhuo’s father, Tan Yue, sent an application for protest to Xihu District Procuratorate, Hangzhou Procuratorate, Zhejiang Procuratorate and the Supreme People’s Procuratorate on the afternoon of the 24th. Letters of complaint were sent to Xihu District Court, Hangzhou Intermediate People’s Court, Zhejiang High Court and the Supreme People’s Court; In addition, fact sheets were sent to the Hangzhou Municipal People’s Congress, the Zhejiang Provincial People’s Congress and the National People’s Congress. Tan Yue said that he "expects the superior judicial department to have a legal and fair characterization of Hu Bin’s crimes".


  "Because the procuratorate has not replied whether I will protest, it is not convenient to open the application for protest now." Tan Yue told reporters that the protest application mainly includes two points. One is the issue of the characterization of the charges in the first-instance judgment. Tan Yue said that he never agreed with the charge of "traffic accident " and still insists that Hu Bin committed the crime of "endangering public safety by dangerous means". Second, the issue of Hu Bin’s "body double". Regarding the rumor-dispelling notice issued by the West Lake Court a few days ago, Tan Yue thought that it was "unconvincing and meaningless, even a fake body double would answer the question in this way". He hoped that the higher judicial organs would take this matter seriously and adopt an open, fair and transparent method to identify the true and false Hu Bin in accordance with the law, so as to dispel everyone’s doubts.


  Tan Yue told reporters that the procuratorate has received his protest application today, and it is still under review, but whether to protest needs to be reviewed before making a decision. "If the application for protest fails, I will exercise my second right and apply to a higher court for legal supervision procedures."


  According to Article 182 of China’s Criminal Procedure Law, if the victim and his legal representative refuse to accept the judgment of first instance of the local people’s courts at all levels, they have the right to request the people’s procuratorate to lodge a protest within five days after receiving the judgment. The people’s procuratorate shall, within five days after receiving the request of the victim and his legal representative, make a decision on whether to protest and answer the request. (End)




















The incident occurred at 8 pm on May 7.
  Hu Bin raced with friends in a Mitsubishi sports car in Hangzhou, killing Tan Zhuo who was crossing the zebra crossing. [detailed]










"Deceive the real horse" on May 8.
  The Hangzhou police said that the speed was 70 yards, which was inconsistent with the eyewitness’s statement and caused many questions. Netizens invented a new online word "cheat real horses" (70 yards). [detailed]










Criminal detention on May 8
  Hu Bin is suspected.trafficThe crime of causing trouble was detained, but its "trafficThe crime of causing trouble was questioned. [detailed]




 


















Appraisal report on May 14th.
  According to the report, the speed of the accident vehicle ranged from 84 yards to 101 yards, and it was modified or partially modified. [detailed]










Arrest on may 17
  "5.7" submitted by Hangzhou People’s Procuratorate to Hangzhou Public Security Bureau for arrest.trafficHu Bin, the suspect in the accident case, approved the arrest according to law. [detailed]










Compensation on May 20
  The victim’s family and the perpetrator have reached an agreement, and the victim’s parents have received compensation of 1.13 million yuan. [detailed]




 














First trial on July 20
  Hangzhou Xihu District People’s Court on "5.7"trafficThe accident case was publicly pronounced in the first instance totrafficThe defendant Hu Bin was sentenced to 3 years’ imprisonment for the crime of causing trouble. [detailed]












Hot spots in today’s society

·The father of Tan Zhuo, the victim of the drag racing case, submitted an application for protest.


·The suspect wounded the police and snatched the gun, which contained several bullets.


·The incident of the black kiln worker in Anhui Province continued: Several suspects were arrested.


·The suspect wounded the police and snatched the gun, which contained several bullets.


·Owners of 10 buildings in Jiangsu said they felt cracks in the shaking wall of the building.


·Tourists can shoot nude models when they apply for permits: human photography is suspended in scenic spots.


·Thousands of neighbors of women receive intimate photos of their extramarital affairs. picture


·Neighbors like to move around the house naked, and the old man is ashamed to open the windowpicture

Today’s entertainment hotspots

·Degang Guo denies lending 400,000 yuan to Hou Yaowen and will not appear in court. |special subject


·Xiaoxue, a fast female judge in Hong Huang, called it "the second time is still called mu"


·Lin Bai wants to visit Yi Zhongtian again: I have to insist on throwing chairs on the spot.


·Hundreds of thousands of "babies" in Liang Luoshi Baby Care Group are hard to serve.


·Yico Zeng worshiped Confucius for promotion and promised to compose music for him.

  Related links:



  • Injuring people by racing, filing a case for endangering public safety 2009-07-25
  • Cao Lin: It is extremely dangerous to expose the "racing supervision" without verification. 2009-07-24
  • Review of the Racing Case in Hangzhou on July 21, 2009
  • Why Hu Bin was sentenced to three years: the presiding judge of Hangzhou drag racing case explained the trial results in detail 2009-07-20.

Editor: Teng Xue

通过admin

The price of Xiaomi SU7 can basically be guessed, the standard version is 199,800, and the MAX version is 299,800.

The Xiaomi auto conference is over, and many people have only one feeling-Very well, the first millet that young people can’t afford appears..

How many people watched the three-hour automobile technology conference drowsy?

Xiaomi Auto is a technology company, and I understand the Internet. It doesn’t matter that a new car couldn’t get on the market years ago. Let’s have a technical conference and talk about the technical breakthrough for two hours. With the data of the laboratory and the motor that got on the bus in 2025, I will also draw a pie for everyone. Netizens all said, "Yes, this is a thunder style" and "familiar millet analogy method".

In the last hour, how many people want to go to WC like Xiaobian, and they are afraid that the new car will appear in the second they miss. The result is obviously a little worry. The whole conference is composed of PPT and video. With Lei Jun’s slightly accented and simple Mandarin, there is no price announcement, but Mr. Lei directly replied to some speculations about the price, 99,000? No way! 149,000? Forget it!

Netizens have only one thing to say about this-Xiaomi SU7, this friend will not be handed over! I’ll wait for Redmi SU1!

After this conference, the configuration parameters and characteristic design of Xiaomi Automobile will be exposed in the future. Not surprisingly, the hot spots in the auto market in the next two months will focus on Xiaomi SU7, and it is not difficult to see from Lei Jun’s words that Xiaomi SU7 is currently in the stage of small-scale mass production, and it is expected that it will be several months before it is officially listed. There is a high probability that it will be chosen in March-April, when the traditional holiday ends, and it will be officially unveiled through large-scale auto shows and other activities, with its own heat and topics.

However, judging from the comments of netizens at this conference, it seems that Xiaomi SU7 is going to make a wedding dress for others (here, it refers to extremely krypton 007).

"It’s so tall, isn’t it still a carpool?" "10 billion brings a bunch of nonsense, and even the real car is not allowed to watch." "Xiaomi Ecology, can you start by opening the car door and watching the advertisement for 30 seconds? ""mobile phones don’t rank among the top three from 0, so it’s unrealistic to steal them and you’ll get "…

After all, the initial positioning of Xiaomi car is to be the first car for young people, just like mobile phones.

But now, after a press conference, Xiaomi SU7′ s "running points" competition is comparable to Porsche and millions of Tesla, and even frequently mentions super-running luxury cars such as Ferrari. Lei Jun seems to be lost in the dazzling data, forgetting that the original intention of entering the automobile industry is to be the first car for young people.

Many people criticized that the price was not announced at this conference, blindly guessing that the price of millet must be around 200,000, or even higher, so the price was hidden, otherwise once he announced the price of 200,000+,it was doomed to send the potential audience directly into the embrace of Krypton 007.

However, there are also many senior fans who said "no surprise, Xiaomi’s usual routine" for yesterday’s press conference. Adjust the tone a little higher, and then launch an entry-level version, kill the quartet by cost-effectiveness, and then engage in hunger marketing. There is no goods all the year round, so if you want to buy it, you have to match it …

At present, judging from the parameter configuration of the two models announced by Xiaomi Automobile, this conjecture has a high probability of becoming a reality. Moreover, once again, it is not difficult to see from the configuration that no matter whether Xiaomi SU7 claims to be a benchmark Porsche or a million-level Tesla, its competing products actually land on the model represented by Extreme Krypton 007.

Therefore, it is speculated that after Xiaomi SU7 is really listed, the price can basically be guessed.The standard version is priced at 199,800.(Down to 200,000 to show sincerity),Max version is priced at 299,800.(The embodiment of strength and technology, Xiaomi thinks that SU7 is "expensive and reasonable").

Let’s take a look today. It’s also around 200,000. Who can play better than Xiaomi SU7 and Extreme Krypton 007?

The two cars have a lot in common, such as Qualcomm Snapdragon 8295 and NVIDIA Orin-X chip, both of which are L2-level autopilot systems, and the standard version is 254TOPS. There are also some differences and distinctions;

Mileage: Krypton 007 is longer, 688km, and Xiaomi SU7 is 668km. There is a gap, but not much difference.

Book parameter: Extreme Krypton 007 is superior. Although Xiaomi has rendered its own speed for a long time, its motor performance is not as good as that of Extreme Krypton 007 on the standard model. The maximum power is 220kW, the peak torque is 400 Nm, and the maximum horsepower is 299Ps. Extreme Krypton 007 can reach the maximum power of 310kW, the maximum torque of 440 Nm, and the maximum horsepower of 422Ps.

Dimensional data: Xiaomi has an advantage. Xiaomi SU7 is positioned as a C-class car, which is nearly 5 meters long and has a wheelbase of 3 meters. In contrast, it is slightly inferior to the polar 007, but the wheelbase of 2928mm can also ensure comfortable space performance.

Configuration differences:

Advantages of SU7: Compared with the entry-level version of Krypton 007, there is an additional middle airbag, which supports keyless entry of the whole vehicle. The central control is larger in size and has the function of simulating sound waves. Leather seats, sports style, adjustable buttons in the back of the co-pilot, 25 speakers, Dolby panoramic sound function, better driving experience.

Advantages of krypton 007:

More sentry mode/clairvoyance, built-in driving recorder, road call for rescue, steep slope descent, from the number of cameras, Krypton 007 has one more camera and two millimeter-wave radars than SU7. There are also rain-sensing wipers, and the exterior rearview mirror has the functions of reversing automatically and rearview mirror memory, with Bluetooth phone, voice wake-up-free words, the LCD instrument size is extremely excellent, and the interior rearview mirror also has anti-glare function and electronic gear shifting.

Krypton 007 has an electric trunk, NFC and UWB digital keys, an active closed grille, and a remote start function to support external discharge. Regarding the trunk and external discharge, Xiaobian tends that Xiaomi Automobile has not announced more detailed parameters, and such popular configurations should not be absent.

From the point of view of configuration differences, the currently published parameter Krypton 007 is better. Unless Xiaomi SU7 shows sincerity in price, there is only a gap of ten thousand blocks, so it is difficult to make up for these configuration differences. If Xiaomi really abandons the label of cost performance, the potential audience will largely switch to the embrace of Krypton 007. After all, compared with Krypton, it is fully tested in the market, and it is endorsed by Geely and Volvo. Its stability, reliability and reputation are relatively excellent. Xiaomi, as an emerging brand, has insufficient knowledge of making cars. What is the comparison?

Through the comparison, it is not difficult to find that the standard version of Xiaomi SU7 comes from all dimensions to lower the selling price, adopting Foday’s battery, lithium iron phosphate battery, and the Contemporary Amperex Technology Co., Limited announced at the press conference is not until the Max version, so it can be concluded that the standard version will inevitably make some concessions on the selling price.

However, obviously, many rice noodles will be disappointed. This millet SU7 obviously didn’t come to be the first car for young people. Its positioning is a C-class performance car, and with three unusual color schemes, many people don’t know who it will be sold to. Pricing is a mystery. If we can’t convince the executives to give sincerity on the price overnight, Lei Jun may still suffer from insomnia in the next thousand days, or thousands of days …

通过admin

Why did AITO ask M5 for rave reviews? Five advantages tell you

On March 5th, AITO Media M5 held the launching ceremony of delivery in Shanghai, Guangzhou, Hangzhou, Chongqing and other cities. Subsequently, AITO Media M5 delivered new cars to users in 36 cities and more than 100 user centers. But the so-called "golden cup and silver cup are not as good as everyone’s reputation", today we will take a look at everyone’s true evaluation of AITO’s M5.

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As a senior car creator from the media, Nan Ge often deals with cars on weekdays. Not long ago, his team completed a delicious food trip from Chongqing to Kangding in AITO Wenjie M5, with a total mileage of over 800km. During this journey, what impressed Nan Ge the most was the AITO M5, which originated from the pure electric drive extended range platform (DE-i). It has a flexible way to replenish energy with oil and electricity, and its comprehensive battery life under WLTC conditions exceeds 1100km. Nan Ge said, "As an extended-range electric vehicle, the charging mode of oil and electricity can completely avoid the charging anxiety of pure trams and eliminate the fear of being dominated by charging piles. We can enjoy driving more purely."

Shanghai FangsirExplosive power exceeds that of the same price fuel vehicle., 4 seconds.Accelerate the hegemony at the same level

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Mr. Fang is a veteran car fan and has been interested in cars since he was a child. He has read countless cars and has high requirements for the power and control of vehicles. Therefore, this time, the power performance was regarded as a hard indicator. Considering that it was inconvenient to install charging piles at home, he ruled out pure electric vehicles and finally chose AITO to ask M5. The dynamic performance of this car didn’t disappoint him. The front axle is equipped with asynchronous AC motor and the rear axle is equipped with permanent magnet synchronous motor, forming a dual-motor four-wheel drive scheme, with a zero-speed acceleration of 4 seconds. It also adopts an all-aluminum chassis with front double wishbone and rear connecting rod, which provides strong lateral support and makes driving in corners more confident. Mr. Fang said, "The price of less than 300,000 yuan can achieve 4-second acceleration, which is impossible in the field of fuel vehicles. In addition, the chassis of AITO M5 is not only very sporty, but also very comfortable, which is particularly difficult."

Ji’ nanfusir: the interior is luxurious and classy,Narrow border and big screen love it.

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Mr. Fu used to be a luxury car owner. Apart from paying more attention to appearance and power, he also has high requirements for interior design and materials. AITO asked him about the interior of M5, which, in his words, was "long in my aesthetics". It adopted an integrated cockpit design, and the 15.6-inch 2K HDR intelligent central control large screen created a full sense of technology. In addition, the materials used are also very kind, such as large-area soft packages, wooden decorative boards, high-grade Nappa leather and other materials can be seen. Mr. Fu said, "The interior of AITO’s M5 is very luxurious, and I am personally very satisfied. In addition, I especially like it, that is, its central control bezel is very narrow, which is very aesthetic and advanced. This is rare at the same level, and BBA can’t do this. It can be seen that AITO’s requirements for details are still very strict! "

Mr. Zhao from Xi ‘an:Huawei Iron Powder loves HarmonyOS System.Speech recognition is very intelligent.

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Mr. Zhao, from Xi ‘an, is a user of the internal test experience of AITO’s M5, and he is also an iron powder of Huawei. In addition to his daily commute, he often drives his son to suburban go on road trip in the AITO M5. The HarmonyOS Intelligent Cockpit has become his right-hand man, which is not only smooth in operation and rich in applications, but also connected with smart phones and smart homes, making the car an intelligent terminal. In addition, he spoke highly of the voice control of AITO’s M5. He said, "Xiaoyi’s function is particularly convenient, and all functions can be voice-controlled, especially when giving instructions to Xiaoyi. Even if my son interrupts in the back seat, Xiaoyi can accurately recognize my instructions, which will make me drive more attentively and safely."

Frank in western Sichuan: I am reassured by the safety, and the V2L function is very practical!

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Safety is a key factor for many people to consider when buying a car, and Frank from western Sichuan is no exception. In order to bring more reliable products to users, AITO asked M5 to carry out many tests far exceeding the industry standards, and completed more than 6.3 million kilometers of reliability verification. The total test mileage ranks among the top in the industry, and it has an indestructible performance in passive safety. In addition, it is equipped with L2 intelligent driver assistance system to avoid risks through active safety. Under the perfect active security protection, Frank has great trust in the M5 of AITO. In addition to excellent safety, there is a small function that Frank praised. He said, "The V2L function of this car is really amazing! The road construction in Kangding is not perfect, and there is no place to charge for outdoor camping. With this function, the charging problem of my camera, computer and other equipment can be solved, and there is no worries, which makes me make a lot of movies in this trip. It’s really hard to forget! "

With its outstanding acceleration performance, flexible energy supply mode and comprehensive product strength without mileage anxiety, AITO has been recognized and favored by senior automobile media people and users. With the increase in the number of deliveries nationwide, AITO M5 will enter more people’s lives and bring you new experiences of smart travel life.

Disclaimer: This article is reprinted by our website, aiming to provide readers with more news information. The contents involved do not constitute investment and consumption suggestions, and are for readers’ reference only.

[Editor: Zhong Jingwen]
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Say goodbye to parking anxiety and ask M5 to help you unlock the parking problem easily.

   I finally found a parking space in a crowded street, but I had to give it up because the parking space was too narrow and difficult to park. I believe many car owners have experienced this embarrassing scene of "can’t stop". Especially for novice car owners, it will even have a shadow on parking. Perhaps, there is a car that can be easily handled. The asking M5 equipped with HUAWEI ADS 2.0 advanced intelligent driving system not only allows you to bid farewell to parking troubles completely, but also brings a safer and smarter driving experience.

  One-click cure parking anxiety parking is no longer a problem.

  Parking is always a big problem for beginners. With the blessing of HUAWEI ADS 2.0 high-order intelligent driving system, the M5 can be parked when it is visible, and the intelligent driving technology is no longer limited to the marked parking spaces, even if it is a broken road or a very narrow parking space, it can be easily controlled. Once the most troublesome parking problem, now it only needs one-click operation to bid farewell to parking anxiety completely. There will no longer be the trouble of finding a parking space again because of technical problems.

  In addition, the M5 also has the function of unforgettable memory, and is equipped with parking service auxiliary function. Just finish parking at the first storage, and activate the parking service auxiliary function after entering the parking lot again, so that the M5 will automatically find the target parking space and finish parking. When the target parking space is occupied, it will also use its "smart brain" to automatically find other available parking spaces and complete parking, without user operation. With this function, as long as you return to the parking lot after work every day, you can start to be lazy, release your tired body and mind in advance, and save time and comfort.

  The M5 equipped with HUAWEI ADS 2.0 advanced intelligent driving system not only solves the problem of urban parking, but also brings a safer driving experience for drivers. When driving a car on a city road, the line of sight is often blocked by buildings, green belts and buses on both sides, resulting in blind spots. At this time, pedestrians, non-motor vehicles or other vehicles suddenly cross, which often leads to traffic accidents. The M5 has a leading multi-sensor fusion sensing system, which can accurately identify the "ghost probe" and make an emergency stop to avoid accidents even when the oncoming vehicle in the next lane is dazzling and the driver’s vision is blocked.

  Previously, car home had held an active safety confrontation. In the test of ghost probe, the M5 version of Zhijie achieved the highest excellent result of 70km/h, while the ideal L7 Max who participated in the confrontation could only challenge successfully at the low speed of 40km/h at most. The significance of the results lies not only in the data, but also in the actual travel safety, and a tragedy may be avoided in seconds.

  HarmonyOS Smart Cockpit 3.0 Your Exclusive "Smart Mobile Space"

  The improvement of the intelligent level of automobiles has invisibly increased our time in the car, and the space inside the car has gradually become a second home. I believe that many migrant workers have the experience of working in the car. In order to "catch up", they often switch their mobile phones and computers back and forth, and the experience is quite poor. The HarmonyOS Intelligent Cockpit 3.0 equipped with the M5 is equipped with dual-screen collaboration function, which enables the computer and the car machine to be seamlessly connected to form two desktops, which will be more convenient for editing and consulting materials, and improve office efficiency.

  Not only that, HarmonyOS Intelligent Cockpit 3.0 also has the industry’s first HUD height adaptive adjustment and rearview mirror automatic adjustment function. After the vehicle is started for 0.5s, it can quickly identify and complete eyeball positioning, quickly and automatically adjust the HUD to the optimal height, and lightly brake, the exterior rearview mirror will automatically adjust to the optimal angle. The whole operation is comfortable and convenient in one go. In caring about "you", you may be careless occasionally, but the M5 is always online.

  The HUAWEI MagLink magic car interface, which is full of fun values, has a lot of gameplay. Mount the Pad behind the seat. When the children are noisy, parents can choose suitable content for the children in the back row in the front row, so that the children can quietly immerse themselves in the video. Parents can also adjust the brightness, volume and other details for the back row, lock the screen screen, and grasp the viewing time of the back row screen. In this way, children are happy and parents are more worried.

  The appearance of M-5 injected smart travel into the details of users’ lives, which not only made it effective and intelligent, but also filled with humanized life. Intelligent automobile is an irresistible global trend, and it is believed that the brand name will inject more vitality into the development of China automobile industry.