On the evening of September 22, China Evergrande announced that the company’s original September 25 and September 26 meetings on the relevant agreement arrangements for the proposed restructuring will not be held, mainly because the sales situation has been lower than expected since March 22.

On March 22, China Evergrande released a workout plan, and the proposed restructuring includes the "Evergrande Agreement Arrangement", the "Jingcheng Agreement Arrangement" and the "Space-based Agreement Arrangement".

On August 27, China Evergrande released an unaudited interim results announcement, indicating that the company actively planned to resume sales, with a significant increase in sales performance, steadily advancing work related to overseas debt restructuring, and signed an overseas restructuring support agreement with creditors in April.

So here’s the problem.Was it the sudden change in China Evergrande’s sales from June 30 to September 22, or has it been poor since March 22?

In less than a month, the sales situation suddenly changed

Who would have thought that less than a month ago, China Evergrande would still be sending a positive signal to the outside world.

On August 27, China Evergrande released an unaudited interim performance announcement, indicating that the company actively planned to resume sales, successfully seized the property market Xiaoyangchun that emerged at the beginning of the year, and achieved a significant increase in sales performance. It has always taken stable management and risk reduction as its top priority, and has made every effort to ensure the construction of the building.

At the same time, in line with the principles of respecting international restructuring practices, treating the rights and demands of all creditors with justice and fairness, China Evergrande has steadily advanced the work related to overseas debt restructuring, and signed an overseas restructuring support agreement with creditors in April.

China Evergrande has not disclosed sales from June 30 to September 22, but it gave "optimistic" sales figures in its unaudited interim results announcement.

As of June 30, 2023, China Evergrande had a land reserve of 190 million square meters and participated in 78 old renovation projects, including 55 in the Greater Bay Area (34 in Shenzhen) and 23 in other cities.

In terms of contract sales, in the first half of 2023, China Evergrande achieved a contract sales amount of 33.413 billion yuan, a contract sales area of 5.115 million square meters, and a cumulative sales refund of 27.10 billion yuan.

In the unaudited interim results, China Evergrande looks to the future, saying that it will resolutely assume the main responsibility of self-rescue insurance, do a solid job in the specific work of guaranteeing the delivery of buildings, and accelerate the restructuring of overseas debt to protect the long-term interests of various creditors.

On the evening of September 22, China Evergrande announced that it had cancelled the relevant meetings of the workout, mainly because the company’s sales were not as good as expected since March 22.

The previous two extensions

On March 22, China Evergrande released its overseas debt restructuring plan.

Among them, China Evergrande intends to carry out the proposed restructuring of the "Evergrande Agreement Arrangement" through the agreement arrangement in the Cayman Islands, Hong Kong and other applicable jurisdictions. Evergrande’s agreement arrangement will have two sets of liabilities, namely Group A and Group C.

The Jingcheng Agreement Arrangement means that Jingcheng Limited plans to implement a reorganization through an agreement arrangement in the British Virgin Islands, including the issuance of four US dollar-denominated senior notes by Jingcheng.

Each Jingcheng creditor will be allocated a pro rata allocation of new notes issued by Jingcheng with a total principal amount of US $6.50 billion.

Under the space-based arrangement, creditors will receive four new notes issued by space-based holdings limited with a term of five to eight years and a total principal amount of $800 million.

On July 26, China Evergrande announced that the Evergrande agreement was scheduled for August 23, and the space-based agreement and the Jingcheng agreement were scheduled for August 22.

On August 16, China Evergrande postponed the above meeting for the first time until August 28.

On August 28, China Evergrande announced that it had agreed to postpone the meeting to September 26.

In order to maintain as much consistency as possible between the scheduling meetings of the Evergrande Agreement, the Scenic Agreement, and the Space-based Agreement, the Scenic Agreement scheduling meeting and the Space-based Agreement scheduling meeting will be postponed to September 25.

In less than a month, the reason has changed dramatically

What is even more bizarre is that on the eve of the cancellation of the above-mentioned meeting, China Evergrande confirmed that the hearing time of the agreement was postponed.

On the evening of September 8, China Evergrande announced that the approval hearings for the Jingcheng Agreement Arrangement, the Cayman Islands Evergrande Agreement Arrangement, Hong Kong Evergrande and the Space-based Agreement Arrangement were postponed to the evening of October 3, October 5, October 16 and 17, respectively.

The reporter noticed that China Evergrande’s agreement to extend the approval hearing to early October is a prerequisite for its reorganization to take effect in early November.

Compared with the cancellation of the meeting, sales were lower than expected. China Evergrande listed three reasons for the postponement of the second meeting.

First, China Evergrande’s recent series of overseas workout meetings and hearings have been postponed, which needs to give creditors more time to understand the terms of the reorganization procedures and agreement arrangements, so as to maximize creditors’ participation in the reorganization.

Second, China Evergrande shares have resumed trading on August 28, and creditors need to be given time to consider the impact of recent new developments in China Evergrande on restructuring and agreement arrangements.

Third, China Evergrande previously applied to the New York court for reorganization approval procedures under Chapter 15 of the United States Code, which was mistakenly interpreted by the outside world as a matter related to bankruptcy protection.

At that time, China Evergrande repeatedly stressed that the extension of the relevant meeting of the above agreement was still within the deadline (December 15), in line with the expectations of the creditors of the agreement to implement the proposed restructuring.

Sunac is one step ahead

Unlike China Evergrande, Sunac China has made progress in stages.

On the evening of September 18, Sunac China announced that the company’s overseas workout was approved with a high pass rate of 99.75% for the number of creditors and 98.3% for the total amount of debt.

Sunac China announced that the company will seek court approval and ruling on the plan. The petition seeking a ruling on the plan will be heard at 9:30 am on October 5.

At this point, Sunac China’s overseas workout has entered a critical moment.

On September 19, Sunac China applied for Chapter 15 certification in the US court for the restructuring of US dollar debt, and has been recognized by the US court for its restructuring agreement in the Hong Kong court of China.

According to industry analysts, the bankruptcy protection of enterprises is recognized by the court, which will temporarily prohibit creditors from taking measures to recover the property owned before the bankruptcy application, and also temporarily prohibit legal proceedings against debtors. Creditors need the authorization of the bankruptcy court to claim debts, which has a positive impact on the overall workout of enterprises.

The Shanghai Securities News reporter noticed that China Evergrande also made the above application recently, but was considered by the outside world to have applied for bankruptcy liquidation, and then made relevant clarifications.

Unlike Sunac China, which made the above application after confirming the overseas workout, China Evergrande is still negotiating the time for the overseas workout to hold relevant meetings when applying for Chapter 15 certification to the US court.

Talking about the most popular pure electric car recently, it must be the smart car jointly launched by Huawei and Chery – Zhijie S7. As the first car model under Huawei Hongmeng Zhixing, Zhijie S7 is equipped with a lot of Huawei intelligent technology, and various small videos introducing Zhijie S7 intelligent technology are also endless, which has attracted widespread attention from online netizens.

　

And if you want to find the intellectual world S7 impact of the largest model, there is no doubt that Xiaopeng’s P7i, the same main intelligent technology, the same is pure electric car, so there are a lot of netizens curious, if you want to buy a 250,000 yuan pure electric car, then what is the choice of intellectual world S7 or Xiaopeng P7i?

Today, let’s take a look at the 250,000 version of the two models, which one is more cost-effective~

The model versions for this comparison are: Zhijie S7 2024, Standard Air Edition Pro, and Xiaopeng P7 2023 P7i 702 Max.

exterior design

In terms of appearance, the front face of the S7 is the first to adopt the new ALL-IN-ONE design of the Hongmeng Zhixing family. This front face design will also appear on the M9 in the future. It integrates functions such as running lights and diversion grooves, making the front face look very simple. At the same time, sharp cutting lines also add some aggression to it.

　

However, from the side, the design of the Smart S7 looks a bit bloated and uncomplicated. Although the bezel-free door and hidden door handle are standard on the B-class pure electric car, the rounded waistline makes the Smart S7 less sporty and more stable than the executive-class car. This is very different from the design idea of the front face.

　

The design of the tail is quite standard, and the through-type tail lights enhance the youthful atmosphere of the whole vehicle to a certain extent. At the same time, the semi-circular left and right signal lights also eliminate the problem of lack of recognition in the intelligent world S7. However, to be honest, the logo on the tail is a bit too complicated, neither easy to read nor easy to arrange. It is better to directly remove the visual simplicity.

The shape of the Xiaopeng P7i is regarded as the leader in the entire car market. Many netizens have always believed that "Xiaopeng P7 is the peak of pure electric car appearance". To be honest, this does make some sense. Therefore, although the Xiaopeng P7i is a facelift, the appearance design is basically consistent with the Xiaopeng P7.

　

The front face design of the Xiaopeng P7i is very futuristic, with a lightsaber running through the headlights and an overly rounded front cover, making the Xiaopeng P7i recognizable on the road. Unlike the S7, the P7i follows the design concept of the front face and does not specifically make the side highlight the muscles, so the side of the P7i still maintains a round and elegant design style.

The design of the tail is similar to that of the Smart World S7, but fortunately, the tail of the Xiaopeng P7i is relatively short, and the turn signals and warning lights use a split design, so the elements are arranged in a stronger sense of order and are not easy to make people feel complicated.

dynamic performance

The Smart World S7 uses a 292Ps horsepower and 215kW power motor, while the Xiaopeng P7i uses a 276Ps horsepower and 203kW power motor. From the perspective of parameters alone, the performance of the Smart World S7 is much stronger than that of the Xiaopeng P7i, and the actual acceleration is also the same.

　

Similarly, accelerating from 0 km/h to 100 km/h, the Xiaopeng P7i takes 6.4 seconds, although it is definitely not slow, and it can be regarded as the upper-middle level in the same class of pure electric cars. However, the Smart S7 only takes 5.4 seconds, which is a full second faster. This means that the Smart S7 is basically the first echelon with the fastest acceleration performance among the same price models, allowing you to complete the vast majority of lane-changing overtaking operations with confidence.

With a fast speed of 210km/h, even at high speeds, the second half of the car can also have abundant power to ensure that you can easily complete the emergency acceleration operation.

　

In addition to that, the Smart S7 is also equipped with a Huawei Tuling intelligent chassis, which can identify road information in advance through the body’s camera and adjust the body suspension damping to improve the smoothness and comfort of driving through bumpy road sections. In addition, when cornering at high speed, the Tuling chassis can also adjust the suspension and front and rear axle torque independently, and the stability performance of high-speed cornering is also very good.

Therefore, in terms of driving control and comfort, the Smart S7 is completely ahead of the Xiaopeng P7i. It is very suitable for consumers who pursue driving experience, and its driving performance will not disappoint you.

Intelligent driving

Although the smart world S7 uses Huawei intelligent driving technology, the Pro version bought by 250,000 yuan does not actually support its advanced urban intelligent driving. The core reason is that the Pro version is not equipped with lidar, and can only support basic lane keeping functions and highway intelligent driving.

　

Therefore, friends who purchase the Smart S7 Pro version for smart driving may be disappointed, but the Xiaopeng P7i at the same price supports smart driving on highways and in urban areas, and smart technology functions do not require additional payment.

　

Therefore, for friends whose main car needs are commuting to and from get off work, buying a Xiaopeng P7i is undoubtedly the best way to free themselves from the boring morning and evening peaks every day, and in the case of taking their family on weekends, thanks to the blessing of intelligent driving technology, it can also effectively improve driving safety and make driving more secure.

battery life

In terms of battery life, the Smart World S7 uses the 62kWh lithium iron phosphate battery provided by Ningde Times, while the Xiaopeng P7i is equipped with the 86.2kWh ternary lithium battery of Zhongchuang Xinhang. From the perspective of battery capacity, Xiaopeng is undoubtedly at an overwhelming leading level, capable of providing up to 702km of pure electric cruising range, while the Smart World S7 is only 550km.

　

If you only commute to and from work in the urban area, then the Xiaopeng P7i can basically guarantee that you don’t need to charge at all for a week, and even go on outings with friends on weekends. Occasionally, you won’t feel anxious about long-distance needs. Compared with the Smart World S7, it is a more reassuring model.

　

Not only that, Xiaopeng also has more than 1,000 self-built charging piles, and the degree of improvement of the supplementary energy network is also very high. There is no need to worry about not being able to find Xiaopeng fast charging piles. You can see the location of Xiaopeng fast charging piles on the app at any time.

Combined with its long range, the Xiaopeng P7i can be regarded as one of the few pure electric cars without mileage anxiety. After all, whether there is a long-distance travel demand or not, choosing a longer mileage model can also save a lot of time spent on charging the car.

Interior cockpit

In terms of cockpit, if only in terms of comfort, then the cockpit of the Smart S7 is much better than that of the Xiaopeng P7i. It is covered with a large area of soft materials. At the same time, the cockpit design elements will appear more stable and intimate compared to Xiaopeng’s younger design sense. The luxurious temperament is also more sufficient, which can be regarded as a better cockpit in the same class.

　

In terms of intelligence, although the HarmonyOS cockpit equipped with the Smart World S7 has excellent mobile phone connectivity, consumers need to use Huawei mobile phones to experience it, and Xiaopeng’s smart cockpit can have a consistent experience regardless of what mobile phone is used.

After years of hard work, the number of apps in the Xiaopeng app store is very large, and the adaptability is also very good. At the same time, Xiaopeng’s voice assistant performs well in a weak connection and no network environment. It can directly understand the owner’s long sentence instructions. The voice assistant is better than the intelligent S7.

Buying suggestion

Generally speaking, in the price range of 250,000 yuan, the cost performance of Xiaopeng P7i is far ahead compared to the smart world S7, not only the standard urban road intelligent driving, when commuting to and from work can almost achieve complete "car can not sit", and the cruising range is far higher than the smart world S7, even if there is a long-distance demand, it can be easily dealt with.

The intelligent world S7 Pro is not equipped with lidar, and the battery life is lower, so for home users, it is not cost-effective to spend 250,000 yuan to buy such a car, but if you prefer the driving feeling, then the intelligent world S7 can still be considered. Zero hundred acceleration only takes 5.4 seconds, and with excellent chassis tuning, it can be regarded as a driver’s car.

On May 11, the People’s Daily published a series of articles on the theme of China Brand Day, "Driving Innovation and Stimulating Brand Vitality". Among them, Zhang Xinghai, chairperson of Sailis Automobile, introduced the vivid practice of enterprises to give full play to innovation leadership and promote high-quality development with the theme of "building a high-end smart travel life with technological innovation". The content is as follows:

It’s not a good idea.Building a high-end smart travel life with technological innovation

Zhang Xinghai, Chairperson of Cyrus Automobile

Today, the "digital intelligence" of the automotive industry is reshaping people’s lifestyles. As a technology-based manufacturing enterprise that deeply cultivates technological innovation, Cyrus Automobile has always adhered to innovation-driven, committed to promoting the transformation and upgrading of traditional cars to smart cars and traditional manufacturing to intelligent manufacturing, and building a high-end smart life for users with innovative products.

Sailis Headquarters in Shapingba District, Chongqing

　　In the field of innovative Product Research & Development, Cyrus Automobile actively applies digital intelligence technology, and has successively launched intelligent new energy vehicle solutions with multi-technology paths such as pure electricity and extended range. The AITO series of models designed and launched have sold a total of 100,000 vehicles. At the same time, Cyrus Automobile strives to promote the integrated research and development of intelligent software and hardware, including "full-stack self-research + system integration" two capabilities, covering five functional areas of intelligent vehicle control, intelligent electronic control, intelligent cockpit, intelligent network connection, and intelligent driving.

　　Based on its own intelligent manufacturing capabilities, Cyrus Automobile has also developed a super electric drive intelligent technology platform, which has realized a comprehensive evolution of the third-generation range extender, drive technology, and intelligent control at the technical level, meeting the needs of users with low energy consumption, long battery life, and high performance. For a better user travel experience, Cyrus Automobile has built an effective machine vision transportation solution, which greatly improves the operation and maintenance efficiency of vehicles.

　　Cyrus Automobile also relies on its independent innovation capabilities and uses digital twin technology to build an intelligent production base, dedicated to building a "China’s leading and world-class" smart factory. The Cyrus smart factory has stamping, welding, painting, and final assembly workshops, with more than 1,000 robots working together. The key processes are 100% automated and 24-hour OurHours online inspection effectively reduces labor costs while further improving production efficiency and ensuring product quality.

　　All along, Sailis Automotive has adhered to the green and low-carbon long-term philosophy, adhering to the mission of "promoting the transformation of automotive energy and creating a smart mobile life", integrating green environmental protection concepts into the whole product life cycle, covering design, production, logistics and recycling, to promote green development and achieve low-carbon development.

　　Serving users wholeheartedly is the "anchor" for the high-quality development of Cyrus. In the 20 years of car building, Cyrus’s customer service has undergone a transformation from "after-sales maintenance" to "passive service to active service", and then to "software-defined cars" in response to the trend of the times, but what has remained unchanged is the firm practice of the concept of serving users wholeheartedly.

　　The first in the country! Here it is proposed that the sale of fuel vehicles will be banned in 2030! New opportunities are coming?

　　In December 2020, the Central Economic Work Conference set the goal of "our country’s carbon dioxide emissions strive to peak before 2030 and strive to achieve carbon neutrality before 2060."

　　In the context of the "double carbon" goal, the popularity of "new energy vehicles" continues to soar: from January to August this year, the production and sales of new energy vehicles have reached 1.813 million and 1.799 million respectively!

　　At the same time, a ban on the sale of fuel vehicles has also been put on the agenda. As early as 2019, Hainan Province released the "Hainan Province Clean Energy Vehicle Development Plan", which was the first in the country to propose a ban on the sale of fuel vehicles in 2030.

　　When achieving the "double carbon" goal becomes the active choice for industrial and urban development, and when technological change is surging, what opportunities and challenges are brewing in the future of new energy vehicles?

　　CCTV Finance’s "Dialogue" program invited Wan Gang, Vice Chairperson of the National Committee of the Chinese People’s Political Consultative Conference and Chairperson of the China Association for Science and Technology, Feng Fei, Governor of the Hainan Provincial People’s Government, and Wang Guoqiang, Director and Deputy Secretary of the Party Committee of China First Automobile Group Co., Ltd., to the World New Energy Vehicle Conference to answer these questions.

　　Why ban the sale of fuel vehicles?

　　Although the market share of new energy vehicles is getting higher and higher, as an "old qualification" that has existed for so long, do fuel vehicles really need to be banned?

　　Feng Fei, governor of the Hainan Provincial People’s Government, explained: "There are three main considerations. The first central government has requirements, the strategic positioning of three districts and one center. One of the districts is called the Ecological Civilization Experimental Zone, and the central government has proposed a relatively high positioning. Therefore, we regard energy conservation and environmental protection of automobiles, and the large-scale popularization of the use of new energy vehicles as an important strategic direction. It is also as the construction of ecological civilization. We call it one of the four landmark projects."

　　"The second consideration is that Hainan has a need. Blue seas, blue skies, green waters and green mountains are very scarce and important resources in Hainan. Hainan’s ecological environment can only get better, not worse."

　　"The third future has prospects. We have been thinking about the free trade port in Hainan, including what kind of development model and form the industry in Hainan will be. We need to plan for the future and achieve leapfrog development. The development of new energy vehicles is a very important direction representing the future. It turns out that I am doing economic research. If a new technology and new product accounts for 1% of the market share, it may be a leap and a qualitative leap. Now we see that new energy vehicles have far exceeded such a hurdle and become a new industry with enough business models and sufficient internal motivation for development. Therefore, I think the new energy vehicle market in Hainan may be the fastest growing market in the country in the future."

　　Wang Guoqiang, director and deputy party secretary of China FAW Group Co., Ltd., went on to express his willingness to work together as a service provider for this goal: "By 2025, the sales of Hongqi cars will exceed 1.20 million, and the new energy vehicles will be more than 500,000. By 2030, it is in line with our goal of banning the sale of fuel vehicles in Hainan Province."

　　Is the era of fuel vehicles really coming to an end?

　　With clear goals and ambitious blueprints, is the internal combustion engine really about to be completely phased out? Will the era of fuel vehicles be gone forever? What challenges will this bring to the manufacturing side?

　　Wan Gang, vice-chairperson of the National Committee of the Chinese People’s Political Consultative Conference and chairperson of the China Association for Science and Technology, said: "Many people say that in the end, the internal combustion engine will be eliminated. I say that this is a very long process, and life and death will inevitably occur in the long river of history. But as far as I can see, it will still play an important role in the next 20 or 30 years. Let’s not talk about the heavy-duty internal combustion engine. In fact, even the light-duty internal combustion engine of our cars will continue to innovate, and there are many things that will happen in the future. That is to say, in the future, you may be able to drive 100 kilometers with a liter of oil after an extended-range engine is installed, which will also reduce the user’s mileage worries. Of course, it is also a competition, and the functional efficiency of the battery’s fast charging and discharging is also

　　As for the manufacturing of new energy vehicles in the "double carbon" era, Vice Chairperson Wan Gang proposed: "Reduce energy consumption through intelligent manufacturing. Reduce carbon emissions in the manufacturing process through material conservation and low carbonization. In the design process, it is necessary to take into account its recycling and utilization, forming a circular economy. In this way, the whole cycle of carbon emission reduction can achieve the low-carbon development of the entire industrial chain of our automobile industry."

　　Future | The future of new energy vehicles? Draw it for you

　　Adults are planning, children are imagining. In addition to rational design and conception, in the face of future new energy vehicles, we also need inspiration from children to fly.

　　One of the paintings aroused the curiosity of Vice Chairperson Wan Gang: "What does this look like? Like a Mars rover. It has four wheels that can drive autonomously, and it adds a small compartment to the rover, with people sitting in it. I don’t know if you can see it. What is the difference between these cars and the traditional gasoline cars we usually sit in? It doesn’t have a big nose. Our generation is already familiar with it. The internal combustion engine is always installed in the car. It must be installed in the front, so this car must have a big nose. And in the minds of these children, the car of the future is infinitely malleable to them. Twenty years later, they are the car producers, and they are also the future users of the car. Little designers’ fantasies about the future may be our goal in the future. "

　　The environment shapes the times, and the times affect industries. Every change makes some former partners history, but it also brings us new friends, lives, and opportunities.

1905 movie network news On February 27, the third anniversary of the actor’s death in Hong Kong, the director wrote in memory of Uncle Da: "I miss you".

Mr. Ng, who died of liver cancer on Feb. 27, 2021, at the age of 70, was highly respected in the community after 48 years of filmmaking and nearly 170 films, having worked with nearly every famous actor in Hong Kong.

Wu Mengda once played his grandfather "Han Ziang" in the film directed by Guo Fan. At that time, Wu Mengda was 66 years old, but every time he personally completed the hanging weiya and difficult action scenes, he had to inhale oxygen on the side after each scene, showing the dedication of the old artist.

In order to remember and commemorate Mr. Wu Mengda, director Guo Fan also used CG to restore the role of "Han Ziang" in the film. At that time, seeing this scene made many audiences cry.

2024-06-21 10:27:34 Author: Yao Liwei

AITO asked the new M7 Ultra models listed 20 days to break through 30,000 units, while the delivery has broken 10,000 units, creating China’s new power model delivery record. The car was released on May 31, providing four configurations, the official guide price 28.98-32 9,800 yuan, at the press conference last month, Huawei car BU chairperson Yu Chengdong said that in order to achieve the listing on the delivery, AITO has pre-produced 10,000 new cars.

The new M7 Ultra has a new upgraded Shuyun seat, made of Nappa leather, and supports double beach chair mode, large flat mode, etc. In addition, it is also equipped with "new star ring scatter" and flagship 192-line lidar and HUAWEI ADS 2.0 technology. It is expected to be upgraded to HUAWEI ADS 3.0 in the future.

There are four optional versions of the new car: the rear drive smart driving version has five seats (289,800 yuan), the rear drive smart driving version enjoys six seats (309,800 yuan), the four-wheel drive smart driving version has five seats (309,800 yuan) and the four-wheel drive smart driving version enjoys six seats (329,800 yuan).

　　International Online auto channel News: At 10: 00 am on May 25th, Lin Jie, chief user rights officer of Geely, announced the pre-sale price of SUV disruptor Xingyue L in the form of short video, officially announcing the global pre-sale of Xingyue L in the official applet. This time, two kinds of power models with five configurations were announced, and the pre-sale price range was 148,000 to 188,000 yuan, among which, the Cuiyu magic color suit cost 5,000 yuan, including Cuiyu magic color special car paint+Cuiyu double suede interior+double five-spoke pulse wheels+magic color exclusive car keys. Based on the principle of truly being responsible for users, Xingyue L actively practices the promise of "no need for users to spend more money" in the action of SUV disruptors at Shanghai Auto Show, continues the innovative user experience of "no better than not trying and not selling", and introduces the exclusive rights of pre-sale.

Xingyue l pre-sale price

　　It is reported that the exclusive rights and interests of pre-sale are: 520 yuan deposit is 2,000 yuan; Buy a car at the pre-sale price, and retreat more and make up less after listing; 2-year 7.8% discount value-added repurchase; Up to 7000 yuan replacement subsidy; 36 zero-interest financial subsidies; 20% discount on Cuiyu Magic Color Suit; Blind subscription users also enjoy pre-sale rights.

　　Special note: to book Xingyue L, you need to book through Geely’s official pre-sale applet or official mall to enjoy the above rights and interests; Blind subscription users do not need to re-order, but no longer enjoy the pre-sale 520 deposit deduction rights; Value-preserving repurchase and finance, replacement of rights and interests, 2 out of 3; "More refund and less compensation" means that if the listing price is higher than the pre-sale price, the booking user does not need to make up the difference, and if it is lower than the pre-sale price, the manufacturer will return the difference.

Xingyue l

　　As a new compact SUV model under Geely CMA architecture, Xingyue L inherits the five global genes of "safety, health, intelligence, performance and energy saving" of CMA architecture, showing the powerful strength of SUV disruptors. In the world’s first test a few days ago, Xingyue L competed on the same stage with German Japanese benchmark SUV models. The field measurement of 100-kilometer acceleration in car home was only 7.45s, the field measurement score of 100-kilometer braking user jury was 34.9m, and the field measurement of Elk test in car home was 82km/h, which set a new record. The comprehensive mechanical quality of Xingyue L is ahead of the mainstream SUVs of strong joint venture brands such as Volkswagen Tiguan L, Honda CR-V and Toyota RAV4 Rongfang, with a product value of 300,000. It has the strength and confidence to redefine the highest value standard of compact SUVs and reshape the SUV market structure dominated by strong joint venture brands.

Xingyue l

　　Entering the era of Geely 4.0′ s comprehensive architecture, Xingyue L inherits CMA’s world-class performance and safety genes, and is born strong. In terms of safety, CMA architecture gives Xingyue L the world’s top safety genes and the highest standard of safety technology. Xingyue L has 24 environmental safety sensing sensor components, and its hardware system is equipped with the leading market, which meets the global five-star safety in China, Europe and America, and has nine large-area safety, creating a new safety standard in the digital age.

Xingyue l

　　In terms of performance, Xingyue L inherits the "world champion" driving control gene of CMA architecture, and the whole system is equipped with Drive-E 2.0TD high-performance powertrain, with a maximum power of 175kW and a maximum torque of 350N·m, subverting the compromise between sports and comfort. The braking deviation of 10 feet and 100 kilometers in a row is less than 1m, which brings good braking confidence. At the same time, Xingyue L launched Borgwarner’s latest generation of four-wheel drive technology in the world: the 6th generation Haldex, which greatly improved the performance of four-wheel drive, improved the response speed by 16.7%, and made the transmission more accurate and easier to get out of trouble. Xingyue L’s comprehensive mechanical quality is far superior to that of the same level, comparable to high-value luxury brands.

Xingyue l interior

　　Intelligently, Xingyue L has CMA intelligent evolvable electronic and electrical architecture, which is twice as fast as the mainstream cars in the market, and the data transmission rate is 200 times faster than the world-class architecture. It has a powerful brain and neural network in the industry. It is equipped with super-strong Qualcomm Snapdragon 8155 chip, which supports 5G high-speed network and drives multiple screens with one core. Xingyue L is the world’s first mass-produced global FOTA fuel SUV, which supports the global FOTA online upgrade technology of the whole vehicle. At the same time, it is also equipped with a new generation of intelligent digital system, AR-HUD reality augmented head-up display, 5G-AVP 1km unmanned parking system and other leading intelligent technologies.

　　In terms of health, Xingyue L has fully popularized all-round health vehicles, equipped with CN95 air conditioning filter +AQS air purification, PM2.5 monitoring and protection, fresh air system and G-clean scenario mode. In addition, the body size of Xingyue L subverts the traditional size of compact SUV, with a wheelbase of 2845mm, and the body size completely exceeds the level of joint venture brand SUV at the same level.

Xingyue l interior

　　In order to practice the promise of "SUV subversive action", "all good technologies are used on Xingyue L without reservation. Let users have a world-class good car that exceeds expectations without paying more costs. "Under the empowerment of CMA Super Matrix, Xingyue L deeply integrates global technology and user needs, and completely surpasses the joint venture brand value without users spending more money. It will lead the times with a subversive attitude.

Xingyue l

　　From the release of "SUV Subversive Action" at Shanghai Auto Show to the first test in the world to implement subversive action, Xingyue L has continuously brought subversion and surprise to the market and consumers with the product value of 300,000 class and the product strength of leading the mainstream SUV of strong joint venture brands. With the release of the pre-sale price, it also means that Xingyue L officially entered the countdown to listing. (Source: Geely Automobile)

　　[car home Information] A few days ago, we learned from BYD’s official Weibo account that the Han model will start its first-anniversary OTA upgrade on July 19th. BYD Han is positioned as a medium-sized and large-sized car, and currently sells five configurations, among which Han EV (parameter picture) has three configurations, and the price range is 229,800-279,500 yuan; There are two models of Han DM, and the price range is 21.98-23.98 million yuan.

　　According to the official OTA update, this update mainly adds the following functions:

　　1. Add HUAWEI HiCar function to improve the convenience of car-machine interconnection;

　　2. Add the function of RPA remote remote control parking assistance system to provide a better parking experience (suitable for Han EV flagship model with automatic parking function & distinguished model);

　　3. Increase the function of rhythmic music atmosphere light in the car to optimize the atmosphere inside the car (suitable for vehicles equipped with interior atmosphere light function, Han EV flagship type & distinguished type, Han DM distinguished type);

　　In order to ensure the safety of your car during the upgrade period, the vehicle will be temporarily unable to drive during the upgrade period. The estimated time for this upgrade is about 30~80 minutes. Please plan reasonably and reserve time. (Compile/car home Zhouyi)

　　The long-silent battery replacement mode of pure electric vehicles has been put on the agenda again. In the past three months, many departments have mentioned supporting the "separation of vehicles and electricity" and the construction of charging and replacing facilities; On the last day of the end of July, the Ministry of Industry and Information Technology inspected the power exchange enterprises and convened relevant enterprises for discussion. Therefore, the market is on the move, and the "power exchange mode" has become the new favorite of capital enthusiasm. All-media reporters noticed that at present, Beiqi New Energy, Weilai, Chehejia, etc. all have the relevant layout of the "separation of vehicles and electricity" power exchange mode, but they have not formed a large-scale effect for the time being. Compared with charging, what are the advantages and development difficulties?

　　"Power change" mode becomes a new outlet?

　　The "electricity exchange mode" is now focused on by the capital market, which originated from the "roll call" of relevant policies many times. On July 31st, the Equipment Department of the Ministry of Industry and Information Technology visited the flagship power station of Space-Time Electric in Hangzhou, and convened enterprises applying the power exchange mode such as BAIC, Space-Time Electric, Weilai and Botan Technology, relevant enterprises and industry organizations such as State Grid, China Association of Automobile Manufacturers, and Chery and other car companies to participate in the discussion on substantive contents related to the future regulations on vehicle-electric separation and the unified trend of battery standards. Li Bin, CEO of Weilai Automobile, is very supportive of the power exchange mode. He said that neither renting a tram nor changing the electricity scheme will affect the subsidy. When selling products, the battery and the car are integrated. "Charging and changing electricity are not opposite, but they can give users more choices." All-media reporters noticed that Luo Junjie, deputy director of the Equipment Department of the Ministry of Industry and Information Technology, said at the seminar that there are many advantages in power exchange at present, which is conducive to the utilization of battery steps and vehicle-side steps, and can effectively improve the comprehensive economic benefits of the whole society.

　　At the beginning of June this year, the "Implementation Plan for Promoting the Upgrading of Key Consumer Goods and Smooth Resource Recycling (2019 -2020)" proposed to develop new energy automobile products with separate consumption patterns of vehicles and electricity, and continue to support the construction of "charging and replacing electricity" facilities. In China, Beijing and Hangzhou have taken the lead in "following the wind". For example, in July, Beijing issued one of the technical conditions for upgrading taxis to pure electric vehicles, that is, the driving range of vehicles should not be less than 300 kilometers in principle, and the technology of charging and replacing electricity should be compatible, and the battery should be replaced quickly. The combination of these policies has promoted the positive actions of related enterprises in the development of power exchange mode.

　　[Investigation] The battery changing mode was once defeated by the charging mode.

　　The mode of changing electricity is not a new thing, that is, let the car and electricity be separated, the car belongs to the car, and the electricity belongs to the electricity. When the electricity is used up, just change the power station and change a full battery. Even if the battery of a pure electric vehicle dies due to serious wear and tear, it will not affect the residual value estimation of the whole vehicle.

　　However, at present, the new energy vehicle market is mainly based on charging mode, and even Weilai and others only regard the power exchange mode as an "option". Although the mode of changing electricity is fast and convenient, and can be as efficient as going to a gas station to refuel, it has not yet become the mainstream after four or five years of development. Up to now, in the field of power exchange, there are Beiqi New Energy, Lifan, Chehejia, Weilai Automobile and other domestic enterprises, among which Beiqi New Energy is the most active one at present. The figures recently released by BAIC New Energy show that it has built 148 charging and replacing power stations nationwide, ranking first in the world. In addition, the first space-time electric power exchange station inspected by the research group of the Ministry of Industry and Information Technology was built in 2014, and has accumulated hundreds of millions of kilometers of actual mileage of power exchange in the country. In general, there are still a few car companies that have successfully laid out the power exchange mode.

　　All-media reporters noticed that the power exchange station inspected by the Equipment Department of the Ministry of Industry and Information Technology mainly serves the network car, which is also the operation direction of the current power exchange mode. For example, the exchangeable models rolled out by BAIC New Energy in China are mainly for the taxi market.

　　According to Chen Feng, the chairman of Space-Time Electric, the mode of power exchange first landed in the field of taxis and internet car-sharing, because it can provide an energy replenishment method similar to that of fuel vehicles, that is, changing and leaving, which directly points to the core pain point of operating vehicles waiting for charging and affecting operating time.

　　The reason why the power exchange mode can return to the line of sight is related to the market situation. In the second half of 2019, new energy vehicles bid farewell to huge subsidies, and the low-price advantage is no longer there. It also makes the new energy vehicle market in the "post-subsidy era" intensify the reshuffle. Reducing costs and increasing efficiency is a top priority for new energy vehicle companies. From the cost point of view, if the pure electric vehicle chooses "vehicle-electric separation", that is, it changes the battery use mode, and the power battery that accounts for nearly half of the vehicle cost can be removed from the car purchase cost, which means that consumers buy pure electric vehicles with replaceable electricity, which has higher cost performance ratio.

　　Calculate accounts

　　As we all know, the most expensive part of a pure electric car is the battery. Li Yixiu, deputy general manager of Beijing New Energy Automobile Co., Ltd. and general manager of the marketing company, said that about 50% of the cost of electric vehicles comes from batteries; After 3~5 years of use, the value space of electric vehicles is 20% ~ 30% with the loss of batteries. Even if the vehicle is finally sold, the repurchase value of this battery is only about 10%. That is to say, the value of the battery actually used by users is only about 30%, and 70% of the battery cost is wasted.

　　[Prospect] Cost, battery standard and safety should be considered.

　　When interviewed by an all-media reporter in a power station in Haizhu District, Guangzhou, there were some questions, such as whether the battery was firmly installed, whether the process of power replacement would affect the performance of vehicles, and how to calculate the cost of power replacement. However, with the interview, these concerns have been answered and will not affect the use of vehicles.

　　On the other hand, the three biggest problems facing the current promotion of power exchange mode are: the unified standard of batteries, the technical level of power exchange of car companies, and the most critical promotion and operating costs. If a power station wants to realize large-scale private car power exchange service, the unification of battery specifications is the key.

　　All-media reporters noticed that the battery specifications and standards of different pure electric vehicles are different due to different suppliers; Even within the manufacturer, the batteries of different models are different, and the battery specifications between car companies are far from each other. How to match the supply of different power batteries in a small-scale power station is a great challenge.

　　In this regard, the answer of the Ministry of Industry and Information Technology at the seminar is: the process of promoting the power exchange mode needs to be cautious, and the unification of power battery standards should let the market make a decision.

　　Like gas stations, the construction of power stations needs to solve the problem of land. If power stations are to be built in cities with an inch of land, the land cost is high. In the special facilities cost investment, also need more than one million yuan; The most expensive thing is the battery cost. Generally, the power battery stored in the power station must reach more than 1.5 times that of the electric vehicle. If a power station receives 300 new energy vehicles a day, it needs to reserve 450 sets of power batteries, and the battery cost is 31.5 million yuan.

　　In addition, there are costs such as labor and maintenance. That is to say, the basic operating cost of a power station needs more than 10 million yuan.

　　For a car without a "heart", many private car owners may not accept it for the time being. Generally speaking, at present, vehicles are traveling in cities, and charging the charging pile once can meet the daily household needs for about a week. Therefore, the power exchange mode is currently suitable for public use.

　　Since the beginning of this year, a number of battery burning and explosion incidents have also made everyone pay attention to the safety of battery charging. In the power exchange mode, if the battery is on fire and the vehicle spontaneously ignites, how to determine the responsibility is also a hassle.

　　At the same time, for the power station, so many power batteries are charged in one place, which also has great management risks and strict technical requirements. (Text, photo: Guangzhou Daily all-media reporter Deng Li)

　　Source: Private placement network

　　December 25th happens to be the 1000th day when Xiaomi officially announced to build a car. Xiaomi officially announced that the first press conference of Xiaomi Automobile will be held on December 28th. The first press conference will focus on technology release and will not release products. The attention of Xiaomi Automobile can be described as "extreme preheating" under Lei Jun’s personal publicity.

　　Before that,, Tesla, Weilai, Tucki, Ideality, Huawei’s intellectual circle, intellectual circle, Aouita and many other new car-making forces compete for market share in this track. In particular, Huawei cooperated with car companies through Tier1 model, HI model and HarmonyOS Zhixing model to enter the track, creating a new M7 with "sales explosion" and detonating it.A group of "Huawei auto concept stocks" led by.

　　In such a fierce competition in the new energy car track, what makes Xiaomi Auto a pioneer??According to Guo Ming, an analyst of Tianfeng International Securities, the key selling points of Xiaomi Automobile are automatic driving, software ecology, 800V fast charging and power configuration. Among them, the software ecology and its subordinate supply chain manufacturers have outstanding highlights.

　　Besides,Xiaomi Group has tens of thousands of rooms all over the country."Xiaomi House" is the "killer" of Xiaomi Automobile’s future marketing channel. If Xiaomi House is used to drain automobiles in the future, the Xiaomi automobile industry chain will continue to benefit indirectly.At the end of the article, the author’s latest finishing is attached.51List of "Xiaomi Auto Concept Stocks"!

　　0one

　　How to copy Xiaomi car"Explosive"? Ecological chain, channel chain and supply chain "three cards"!

　　The first is the ecological chain. On October 26, 2023, Xiaomi officially released a new self-developed operating system-澎湃 OS, and announced that Xiaomi Group’s strategy will be upgraded from "mobile phone +AIoT" to "the whole ecology of people, cars and homes", marking a new chapter in Xiaomi’s intelligent interconnection ecology.

　　The construction of ecological chain Xiaomi has been exploring for many years, which is a major strategic layout of Xiaomi.

　　Figure: Xiaomi’s operating system and the strategic development of the group.

　　In 2010, the MIUI mobile operating system was released at the beginning of Xiaomi’s establishment. In 2016, the Mijia brand carried Xiaomi smart home products, and the ecological layout of Xiaomi’s IoT continued to improve. In 2017, a self-developed Vela OS was built, realizing the unification of IoT equipment systems. In 2019, Xiaomi began to develop the universal operating system Mina OS in parallel, and gradually formed the experience accumulation of Linux system from the kernel to the upper system. In 2021, Xiaomi started the research and development of the car OS system.

　　At the beginning of 2022, Xiaomi decided to unify the software architectures of MIUI, Vela OS, Mina OS and car OS, and completed the bottom merger of Xiaomi’s operating systems. Then, in November 2023, the 澎湃 OS for the whole ecology of people and cars was officially launched.

　　It can be said that the official launch of 澎湃 OS is a key step for Xiaomi to move towards the new strategy of "people, cars and homes are all ecological" and a key ecological chain puzzle of the strategy.

　　Why does Xiaomi’s ecological chain become a replica of Xiaomi’s car?One of the advantages of "Explosive" is that after years of development, Xiaomi has a huge user base, strong brand influence and high brand loyalty in the fields of smart phones, IoT devices and Internet services, laying a solid foundation for the transformation of potential customers of Xiaomi Automobile.

　　According to the announcement of Xiaomi Group, from 2021 to 2022, Xiaomi mobile phone ranked first among Android smartphone manufacturers in Chinese mainland market for two consecutive years, and 50.1% of users will continue to choose Xiaomi brand when changing their smartphones. Thanks to the high user stickiness, the scale of Xiaomi users has grown steadily.

　　By June 2023, the number of monthly active users of MIUI reached 606 million, up 10.8% year-on-year, among which the number of monthly active users of MIUI in Chinese mainland was 149 million, up 6.5% year-on-year. The current users of new forces such as friends Huawei and BYD are 700 million and 5.8 million.

　　Figure: Xiaomi has a strong user base compared with other car companies.

　　From the user portrait, the data shows that Xiaomi mobile phone is mainly used by 25-34 years old (accounting for 62.4%) and young men (accounting for 64.7%), and 57.5% of them are married. Xiaomi users are sticky, and they prefer the sense of science and technology and the ecology of Mijia, which is in line with the advantages of Xiaomi’s software and hardware. It is expected to effectively undertake the passenger flow of Xiaomi mobile phone by superimposing Xiaomi automobile with the ecological linkage of people, cars and homes.

　　Photo: Xiaomi brand user portrait (2018)

　　It can be seen that Xiaomi Automobile already has enough user base, and after the advantage of ecological chain,The "second card" also has a marketing chain, backed by tens of thousands of "millet houses" all over the country.By January 1, 2023, there were 12,000 "Millet Houses" in Xiaomi, covering 2,200 counties and cities, which could cover more than 80% of the county-level administrative regions in China.

　　according toAccording to statistics, Xiaomi still has 500 to 600 stores that can be used after removing the smaller stores that can’t display the exhibition cars, which has obvious advantages compared with Weilai, Tucki and the ideal 440, 411 and 400 stores. Follow-up reference to the expansion of Huawei HarmonyOS ZhixuanGuojin Securities expects Xiaomi to expand its coverage area by opening new stores, which may be achieved in the short term.More than 800 stores.

　　If Xiaomi adopts the direct mode and uses the existing Xiaomi House to expand the channel, it will be expected to be the second growth point for the continuous drainage of Xiaomi automobile sales.Therefore, from the perspective of marketing channels, Xiaomi Automobile has entered the first echelon of new power channels, and "debut is the peak".

　　Figure: Comparison of the number of Xiaomi channel stores

　　Looking back, the success of the "explosion" of the new M7 in the world is mainly due to Huawei’s wide audience and strong brand. Judging from the advantages of the above-mentioned Xiaomi automobile ecological chain and marketing chain, Xiaomi and Huawei have the same advantages in terms of user base and market popularity. If SU70% explodes, it may reappear the "M7 phenomenon".

　　02

　　can"Big selling" should also be "big making", Xiaomi from parts to vehicle factory layout.

　　After talking about the ecological chain and marketing chain, the last card left is "supply chain".

　　As we know, the operation mode of the new car-making forces is mainly vehicle manufacturing and brand separation. There are ideals and Lifan, Tucki and Haima before, and then there are the intellectual and intellectual circles of Huawei and Cyrus, Chery, Weilai and Jianghuai, Baidu and Geely. In this mode of operation, the running-in between the traditional vehicle manufacturers and the new forces has put some pressure on the delivery.

　　According to the news of titanium media, in order to ensure the delivery of the world, the production machines in Sailis factory run continuously for 22 hours every day, and the remaining two hours are necessary for mechanical maintenance. In order to solve the problem of production capacity and supply, Cyrus set up a factory nearby, and directly put the three teams of supply chain, product and quality into the supply chain enterprises, thus improving the delivery capacity. According to the latest official caliber of the industry, the industry will complete the delivery of 23,000 vehicles in December and deliver more than 30,000 vehicles per month in 2024.

　　Isn’t the delivery situation that friends are facing now the problem that Xiaomi Automobile will face in the future? Especially in Xiaomi’s investment in automobiles for more than ten years, covering the actions of auto parts, complete vehicles and automobile aftermarket, the market has another look and expectation for the delivery capacity of Xiaomi automobile.

　　In the supply chain, Xiaomi Automobile has implemented a comprehensive layout strategy from parts to vehicle factories. The scale of Xiaomi’s investment in Tucki and Weilai is about $1-2 billion. Since 2017, Xiaomi has increased investment in companies in the field of auto parts and electronics, and has been developing new energy batteries and control systems., AVIC Lithium Battery, Ganfeng Lithium Battery, Honeycomb Energy and other enterprises made investments, mostly for war investment and A and B rounds.

　　Figure:2011-2022 Xiaomi’s investment in auto parts enterprises in the field of three electricity companies.

　　In terms of vehicle factory, Xiaomi Automobile Factory has two projects. The completed Yizhuang Phase I factory covers an area of about 720,000 square meters, with an annual production capacity of 150,000 vehicles and an average monthly production capacity of 12,500 vehicles. The second phase of the plant is planned to start in 2024 and be completed in 2025.

　　At the same time, Xiaomi widely recruits talents related to vehicle production and vehicle technology. For example, Xiaomi recruits production managers, workshop safety engineers and lean engineers in official website, and has more talent demand in stamping, die casting, die casting die, die casting machine processing, car body, painting, sheet metal and other vehicle production.

　　Figure: Vehicle manufacturing is asset-oriented.

　　So how much can the production capacity of Xiaomi Automobile Factory reach? According to the sales plan once expressed by Lei Jun, the first model of Xiaomi Automobile is planned to sell 100,000 vehicles in the first year and deliver 900,000 vehicles in the following three years.this meansFrom 2025 to 2027, Xiaomi Automobile needs to produce and sell at least 300,000 vehicles a year, with an average monthly production capacity of 25,000 vehicles.

　　0three

　　51 Xiaomi cars are the mostChain concept stocks are exposed!

　　Think,Initial flow of building a car+Ecology+Channel Collaboration is the advantage of Xiaomi Automobile.Product shaping ability has become the key in the middle and late stage.

　　As a consumer electronics leader with a strong traffic group, Xiaomi Automobile has a potential user base, plus Xiaomi’s intelligent ecology and sales channels. After the official mass production in the first half of 2024, Xiaomi Automobile-related industrial chain companies are expected to usher in development opportunities.

　　Many domestic auto parts companies have cooperated with Xiaomi Automobile.Some parts companies have announced that they have obtained the fixed point of Xiaomi Automobile Project., such asAn air suspension system will be provide for Xiaomi automobile,Hua Yu San DianBecome a designated supplier of air conditioning compressor for Xiaomi automobile.

　　The following is compiled by the author according to the announcements of listed companies and questions and answers from investors.List of 51 latest Xiaomi automobile concept stocksFor readers’ reference, the cooperation progress between different A-share companies and Xiaomi Automobile is different, among whichThe invested Jiong Yi Electronics (Suzhou) Co., Ltd. has synchronous development business with Xiaomi Automobile in the field of online control products, and its share price has soared in the past three months.