Ethan Ruan

　　"Come, turn your chin slightly to the right."

　　Ruan Jingtian was wrapped in a black turtleneck sweater and turned his face to the right. The peaks of his eyebrows were obvious, and the lines of his chin were almost sharp.

　　This is Ethan Ruan under the camera, accurate and sharp.

　　And in the conversation that the camera can’t capture, he has the softest and most relaxed lines. Although his eyebrows are still as flamboyant as the "monk" in "Mengka", the eyes below are not at all incompatible with the warmth of Xiao Kuan in "LOVE". Occasionally, a few strands of ancient spirits belonging to "Fan Ruyi" in "Detective Runaway" sneak out and shine very brightly.

　　

　　Ethan Ruan

　　"Many things in life are full of surprises and surprises, and this job is an accident for me." The plain ring ring on his left ring finger is not conspicuous, and the smile on the corner of his mouth is slow. "But I gradually discovered that this job is related to people. And people are the most complex and fun things in the world. I like people, whether friends, real-world friends or strangers. I like to study people more and more, not to talk to anyone deliberately, but to carefully observe how he will behave in what situation." Apparently, the older boy who had "never thought of entering this industry" enjoyed the accident.

　　Indeed, it was a beautiful accident that brought a new king to Taiwanese cinema.

　　

　　Ethan Ruan

　　It’s not all real.

　　But emotion must come from the heart

　　As early as when reading Cai Jun’s novel "Murder Like Water," Ruan Jingtian liked this story very much. When Ruan Jingtian learned that director Chen Guo would adapt the novel, Ruan Jingtian had a face-to-face communication with the director. 10 minutes, from conversation to setting the angle, the matter was settled.

　　Ethan loves this kind of face-to-face communication, which is also his exclusive way to win the role of his favorite director.

　　"When communicating with people, I like to communicate face-to-face, eye-to-eye, and communicate the feelings of the heart. These are the most direct feelings I express. In many cases, instead of competing for roles through agents and companies, I prefer to connect through them, and then talk to the director face-to-face, so that I can find out if there is a common idea about the role and the possibility of cooperation."

　　Of course, there were exceptions.

　　When taking over "Mengka", don’t talk about communicating with the director. Ruan Jingtian readily agreed without even reading the script. Director Doudou (director Niu Chengze) directly said that he was "with seeds". "Sometimes this is done because of trust in certain directors and teams. Some people will never harm you, just like your own family, you will have complete trust in him." "Not afraid of not being able to play this role well?" "Of course I will be afraid, but with such a director in front to check, he will not let you go if you can’t play well, and he will never let his play go badly!" He laughed playfully, as if he had succeeded in "plotting" Director Doudou.

　　"Paradise in the Army" is Mr. Ruan’s most recent collaboration with Mr. Dou, and his first film since leaving the army, because Mr. Dou is Mr. Ruan’s "most important person" in the film.

　　The filming process was not easy, and Ruan Jingtian often struggled on the verge of breaking the dam emotionally. Watching "Lao Zhang" Chen Jianbin being captured but helpless, he could not promise a visible tomorrow to his lover. Xiao Bao, one of the thousands of recruits he plays, is wrapped up in the times and fate and has no way to fight back. In several scenes, Ruan Jingtian had to rely on the director’s help to hold back the tears that were about to flow. "Paradise in the Army is a painful and happy process for me. Sometimes it’s very torn, and sometimes I enjoy the feeling of being trapped in the character."

　　For Mr. Ruan, the emotions he wants in every play to be real. Whether it’s the sibling relationship between Chen Yihan and Chen in "LOVE" or the brotherhood of the Prince Gang in "Monga", he has carried these emotions into his life without reservation. "The performance is not all real, but the emotions must come from the most authentic place."

　　

　　Ethan Ruan

　　Learn to wait

　　Waiting for the next big wave

　　In the early hours of 2006, a slender shadow was speeding skating across the viaduct. Lin Yuxian, the filmmaker, and the cameraman kept their eyes on the camera, while the rest of the crew watched and listened. Their filming was not allowed, and they had to quickly evacuate once the police showed up.

　　For the first-time filmmaker, it was probably the most memorable early morning of his life. "After that time, I thought making movies was a very fun thing for me." In the film’s debut film, "Exit 6," the film’s infinite creative and imaginative space helped him achieve childhood pranks such as hiding in tires and rolling downstairs, riding a trolley to shake his tail, and setting off firecrackers with his butt. Not only that, but the film also opened the door for Ethan to go to the big screen.

　　In 2009, he met with Monga.

　　Ruan Jingtian plays a super-intelligent, reserved and calm gangster He Tianyou ("monk") in the film. His extremely textured performance makes Chen Kexin praise "a superstar is born" and Woo Yusen sees "Chow Yun-fat in a young era". With this film, Ruan Jingtian runs like a dark horse into the competition for the best actor of the 47th Golden Horse Awards.

　　His eyes widened, his sexy mouth held up a full "O", and his muscles stiffened for a moment. On November 20, 2010, when the camera gave a close-up of Ruan Jingtian at the 47th Golden Horse Awards ceremony, he used this expression to explain all his surprise. Although he said with a smile that "he had prepared his acceptance speech ten years ago", he was still stunned by this "happy lightning" in the face of the results of beating Wang Xueqi, Ni Dahong and Qin Hao by a large number of votes.

　　Now talking about the little golden horse, Ruan Jingtian said jokingly: "That’s a trophy!" After a string of boy-like mischievous laughter, he turned indifferent ": In fact, at that age, getting that award was very stressful. I was lost for a while because I didn’t know what to do to qualify for it. Looking back, I found that you don’t have to do anything to qualify for it, because when you gave it back then, it means you have been there before, and you don’t have to copy it every time. As long as you do your best to do every performance after that, you can slowly learn to live peacefully with pressure and emotions."

　　Ruan Jingtian, who came out of the misty forest brought by the "Best Actor", saw more possibilities in himself in "Detective Runaway". "During filming, Director Luo Zhuoyao showed us German silent films. At first I was confused, but after seeing the editing of the movie, I could probably understand it." However, he did not shy away from admitting that "these are still difficult for me to understand, but it is a good experience, which makes me feel that I can slowly play in black humor."

　　Ruan Jingtian, who found himself with countless possibilities in the role, never said "I don’t really like this job, I plan when to retire every day and live a so-called free life". As he grew older and experienced, he began to think more and have more confidence in this job, and at the same time, he asked himself to be "a good actor".

　　"Every director, whether commercial or artistic, as long as you are soft, as long as you are willing to listen, he will always bring you something. For actors, this will make you more able to adapt to every director." Time has taught Ethan Ruan to accumulate thick hair. He can shoot a shot 20 times in the new film "New York New York" to try to be closer to the psychological changes of the characters; he can also seize the three or four precious opportunities given by director Liu Weiqiang in "Blood Drops" to show what the director wants to see the most in the fastest but most accurate state.

　　Before the accumulation had reached a qualitative change, Ethan Ruan also had a long and difficult time. However, his favorite surfing taught him to persevere and wait.

　　"The spirit of surfing is to wait. The experience of life is a lot like surfing. No one is always on the high and no one is always on the low. Learn to live with the low tide and wait for the point to come up. Learn to wait instead of picking up the board and going home. When you get home you don’t have the next wave. Wait, maybe five minutes, maybe an hour, but you have to wait."

　　

　　Ethan Ruan

　　Taiwan movie story

　　From Niu Chengze to Hou Hsiao-hsien, Ruan Jingtian has worked with these two standard-bearers in the Taiwanese film industry.

　　Doudao Niu Chengze has accompanied Ruan Jingtian all the way from counting steel coins to buying bento to today. In Ruan Jingtian’s eyes, he is not only a "guide", "life mentor", "friend who can scold him as a dog", but also like a "father".

　　At the 50th anniversary ceremony of the 2013 Golden Horse Awards, Ethan said that he was sick and left the table early. Niu Chengze, who was watching the live broadcast, was trembling with anger and smashed the remote control in his hand against the TV. At the time, the crew was rushing to shoot "Paradise in the Army", but Niu Chengze turned a blind eye to Ethan for two weeks. During this time, even if he gave a play to the actors, he only passed the message to Ethan through the assistant director. This "strict father" punishment made Ethan realize the seriousness of his mistake.

　　Director Hou Hsiao-hsien feels completely different from Director Dou. "One is like grandpa and the other is like dad. Director Dou is very demanding, but for me he is the most important person. Because many times his requirements for acting will allow me to go to a state I did not expect and unknown, rather than staying in a place I know. Of course, it is not just the pressure of working with Director Dou. In the face of some directors who have high requirements for acting, it is impossible for me to bring ordinary things to satisfy them. They are like the most tricky guests, and sometimes even the color and fragrance of reason cannot satisfy them. You have to do your best and spend a little ingenuity to meet their requirements."

　　"Chef" Ruan Jingtian arrived in front of the director Hou Hsiao-hsien, obviously with more freedom to play. "It’s a very comfortable state. Because he has no restrictions on what the actor should do, it gives you a huge imagination. For me, this experience is very special. In fact, it was not suitable at first, and in the end, I miss every shot directed by Hou Hsiao-hsien. You will really want to work with him again and bring him something different. Working with him is a great experience!"

　　Nine years, 13 films, 10 films directed by Taiwanese directors, Ethan has an almost persistent love for Taiwanese films. Commemorative growth and local stories are the eternal melodies of Taiwanese films in his heart. "Monga" is a typical Taiwanese film about growth in Ethan’s eyes. Brothers, fate, youth and injuries in growth make Taiwanese films that inspire youth have a sadness that shines through tomorrow. And Taiwan’s story is not just a story of growth but also a story of life. "Shanghai, Beijing, New York, Taipei, these big cities are very similar. People from all over the world take root in the local leaves and develop their own unique way of life."

　　

　　Ethan Ruan

　　It takes fear to be brave

　　Ruan Jingtian’s own Weibo profile is: a timid and brave ordinary person.

　　He was timid. "When you ask me to jump from five or six floors on a wire, it’s a fool to say that I’m not afraid. Of course I’m afraid, but I have a reason to do it, so I have to be brave. Because being afraid is the only way to be brave."

　　More often, he is willing to stay at home and spend time with his two cats in the safest place. One of them rubbed Ethan’s trousers at the Taichung night market, and finally impressed Ethan, who raised a dog, before being driven away for the third time.

　　Now that the 12-year-old cat was old and frail, Ruan Jingtian smiled and said that he had become a veterinarian who gave injections to cats every day. But on second thought, thinking of the cat who had been with him for many years, "If something happens, it will die", a trace of gentle concern and sadness showed in his eyes.

　　He loves silence and also enjoys limits.

　　"What’s your biggest impression of surfing?" he asked excitedly of his hobby. "Summer, the beach, a bikini?" The question caught him off guard.

　　"Haha, but, did you know, Taiwan only has waves in winter!" The slyness in his eyes poured out, as if announcing a shocking secret. "The waves usually appear before 9 o’clock in the morning, mostly between 4 and 6 o’clock. So get up early and go into the water when it’s very cold. It’s hot at noon, and there are no waves, so you can only sleep. So when you actually do something, you will find that it is different from everyone’s stereotypes."

　　Racing is another passion of Ethan Ethan’s. Like many young boys, he has loved racing since he was a child and has been playing with it for seven or eight years since he grew up. In the last two years, he has participated in car racing and won two annual championships. "Racing and acting can put people in a tight environment. You can’t go wrong a lot of the time, because many good shots can only be shot once. In such a tense and precise moment, you have to be very subtle and careful to control every movement of your body, every expression, and cooperate with everyone. The same is true of racing. It’s not about who is faster, but who makes fewer mistakes." He was personally involved in every aspect of car repair, setting up, and practicing, because in his opinion: "You have to be serious about playing! Because if you are not serious, you will not be happy."

　　Recently, the topic of Ruan Jingtian’s relationship has attracted people’s attention. He interacted calmly with netizens on Weibo, and the comments were polarized. Some people praised him Man, while others laughed and scolded him. He said that "this matter is unique and will not appear again in the future." Even if the problem was not originally planned, Ruan Jingtian did not shy away from his most natural emotions at this moment, as he said: "At first you were not wary, the reporter editor asked your girlfriend, and you would say it. But later found that what you said would follow you like a shadow, which is a very annoying thing. Emotions are private, like closing the door when going to the toilet." And his ideal love and family life is like his grandparents, not the passion and ups and downs of the two, but the peace of the years.

　　At the end of the shooting, he signed for the studio. Ruan – Jing – Tian, the rounded corners, the word "Tian" one stroke and one stroke, the willful length of "two legs", Xiao Tian left the last stroke with boyish wanton and innocence. The sun, the moon, the rivers, the river of time flows, initializing the once rampage, Ruan Jingtian’s charm as a man has just revealed a corner.

Movie poster

Jackie Chan, Fan Bingbing Street Love Fight

Shinjuku Incident, due to be released in April, has attracted wide attention because it is directed by the famous director Er Dongsheng and brings together many popular stars such as Jackie Chan, Wu Yanzu, Fan Bingbing, Xu Jinglei and so on. However, this release is limited to South East Asia and Hong Kong, and mainland audiences have not been able to enjoy the film.

　　In "Shinjuku Incident," Fan Bingbing will play Jackie Chan’s girlfriend, a man who is very assertive, enthusiastic on the outside but lonely on the inside. This is also Jackie Chan and Fan Bingbing’s first collaboration on the big screen. Fan Bingbing and Jackie Chan, who are on the run, meet in Kabukicho, Japan, and stage a poignant and romantic love story. In the film, Fan Bingbing brings a group of young girls to make a living under the power struggle of Japanese gangsters, which is a far cry from the bright and beautiful image he has played in the past.

　　In this play, Japanese lines are a new challenge for Fan Bingbing. Fan Bingbing learns things very quickly and has a strong ability to imitate, so the large Japanese lines he just gave her the day before have been memorized the next day, and can be spoken fluently during filming. But Fan Bingbing still admits that learning Japanese is still a bit difficult. Recently, Fan Bingbing has been teaching English, makeup, and changing scenes. In short, all the time she can use during work breaks is practiced hard with foreign teachers. She said that she actually wasted a lot of time while waiting for the play, so she hopes to use her time to enrich herself through learning.

　　"Shinjuku Incident," a film called Jackie Chan’s transformation, also gathers Naoto Takenaka, Gao Jie, Kato Yaya, Qian Jiale, Lu Huiguang, Qin Pei, Lin Xue, Kurata Baozhao and other Chinese and Japanese movie stars. It can be said that the lineup is prosperous.

Nicholas Tse has always maintained a low-key and stable image in the entertainment industry, especially when it comes to his own love life. Even with rumors everywhere, he chose to use actions to prove his sincere feelings with Faye Wong, such as the picture of holding hands at the airport is the best proof.

As we all know, Nicholas Tse has always been known for his handsome appearance. When he was young, he had clear lines and handsome features. He was undoubtedly a handsome male god in the eyes of many people. Therefore, the public still remains stuck on this handsome image of Nicholas Tse.

However, time is ruthless, and time will eventually carve its mark on everyone’s face, and Nicholas Tse is no exception. Recently exposed photos of Nicholas Tse participating in the event have attracted widespread attention.

On that day, Nicholas Tse was well-dressed, with thin braids, sunglasses, and thick-soled boots, showing a strong masculine taste. However, with the trend of gaining weight, his overall shape looked a little rough and greasy.

It is worth noting that close observation can see that his skin is a little loose, coupled with the height disadvantage, resulting in a slightly strange overall visual effect.

Some people pointed out that Nicholas Tse was more and more like Xie Xian because he had been wearing sunglasses, and his appearance and figure had changed. The state of the two father and son was almost a copy copy, which showed that the power of genes was indeed powerful.

After this group of photos of Nicholas Tse was exposed, it caused heated discussions among netizens. Many people bluntly said that his appearance had undergone major changes, and his clothes had gradually become more conventional. Overall, most of the negative comments were received.

But Nicholas Tse’s photos posted on social platforms are once again rejuvenated after being treated with beauty filters. It is no wonder that more and more people are now falling in love with beauty features.

Nicholas Tse’s appearance changes are inevitable, after all, he is already a 42-year-old middle-aged man. Who can expect to still maintain his 20-year-old appearance at the age of 42? Therefore, the old age of the male god is also inevitable.

Nicholas Tse and Faye Wong have been together for many years, and the two have always maintained a state of ambiguity, and there have been many rumors of a breakup.

In reality, however, the likelihood of a breakup is extremely low. Since they have chosen to be together again, they will not give up easily. And now that the children are grown up and the two have more time to enjoy a happy life, the possibility of a breakup is minimal.

At present, Nicholas Tse’s eldest son is 17 years old, and his second son is 14 years old. The two sons have inherited their parents’ excellent genes, which is really the reward for Cecilia Cheung’s efforts over the years. Overall, the three of them are all well, and I wish them all the best in the future!

Responsible editor:

Text | Digital Force Field, Author | She Zongming

In the past two years, stepping on fuel vehicles has become a new trend, and the multiple-choice question of "buy a fuel vehicle or buy a new energy vehicle" is linked to the pros and cons of the contempt chain.

Driven by the popular narrative of the "new/old" dichotomy, the rush to give fuel vehicles a suspended death sentence has become the new "political correctness" in the public opinion field.

Two days ago, some people in the circle of friends were referring to the condolence letter written by a certain TMT media to the fuel truck – "I, 137 years old, will be unemployed and laid off"

The latest addition to the "bad guys club" is Internet celebrity economist Ren Zeping.

On May 15, Ren Zeping posted on Weibo, "It is recommended to introduce a five-year ban on the sale of fuel vehicles. South of Hebei, vigorously develop new energy, dual carbon, and expand domestic demand."

Hearing this, traditional car companies may seem to have been acerated by Li Chengru, like needles and feels like thorns in the back and throats.

He also asserted in "Ten New Trends in China’s New Energy": "The Nokia moment is coming" for traditional fuel vehicles.

In March this year, Nvidia CEO Huang Renxun, who proposed "the iPhone moment of AI", should say: Someone imitates my face…

In the context of Musk’s threat that "soon, we will look at fuel vehicles in the same way as steam engines", Ren Zeping’s many forward-looking judgments on the new energy industry are not outrageous.

But is it really reasonable to rush to call for a ban on the sale of fuel vehicles?

As a staunch advocate of new energy, Ren Zeping, who "does not invest in new energy now, it is like not buying a house 20 years ago", suggested that the sale of fuel vehicles should be banned within five years, which is quite normal.

If you feel abnormal, you can review his post that Buffett reduced his holdings of BYD "not guaranteed in the evening".

Of course, he will not be unaware that the possibility of a ban on the sale of fuel vehicles at the national level within five years is minimal – after all, cars are bulk consumer goods. If the sale of fuel vehicles is banned too soon, the chain reaction will inevitably extend to the upstream and downstream industries of automobiles, and the unemployment of automobile industry practitioners.

Besides, can the pain points of insufficient energy infrastructure such as charging piles and gas stations for new energy vehicles be solved within 5 years?

Ren Zeping’s suggestion is more about discourse strategy. Radical claims are often the most intuitive way to make a clear stance, and wall-riding conciliationism is "a taboo for taking sides."

On the Internet, some netizens focused on the words "south of Hebei" that Ren Zeping said: Can’t new energy be developed north of Hebei?

This may be the deviation of attention: the battery performance of new energy vehicles usually decays at low temperatures, and the car experience determines that people in high-latitude regions are more inclined to fuel vehicles.

In other words, it’s not that areas north of Hebei can’t develop new energy, it’s that people in those places "can’t use" new energy vehicles.

The focus of Ren Zeping’s remarks still lies in the proposed time point for the ban on sales.

At first glance, the proposal to ban the sale of fuel vehicles can be regarded as "going with the times", and Ren Zeping’s elimination of fuel vehicles is just a reserved program for the bosses of "Wei Xiaoli".

Before that, the boss of a new energy vehicle company took up the fuel car, and his skills were no less than that of Xiaoguo’s "blurted" actor.

In December 2021, NIO CEO Li Bin said: "I don’t understand at all why anyone still buys a gas car now? How nostalgic it is to buy a gas car! Except for smelling a little gasoline, I can’t think of anything good."

In January 2022, He Xiaopeng, CEO of Xiaopeng: "Most people who have driven smart electric vehicles will not be used to driving fuel vehicles again. The experience of the two is completely different."

At the end of May 2022, Huawei Smart Car CEO Yu Chengdong: The era of pure fuel vehicles will quickly pass, and buying fuel vehicles in this era is just like buying feature phones in the era of smartphones!

The trade-off in sales, and the atmosphere of "new forces competing for show, traditional car companies being beaten up" strengthened their confidence.

In March this year, the price reduction of Dongfeng cars was also interpreted as "not even leaving a drop of soup, don’t blame the human urine pot".

In the case of new energy vehicles occupying the "double carbon" highland, traditional car companies are very passive – they can only shout "follow" at the card table, but cannot come to the card table as their home court.

Speaking of which, the proposal to ban the sale of fuel vehicles was not pioneered by Ren Zeping.

Many countries and regions in Europe, America and other regions have set a timetable for banning the sale of fuel vehicles: as early as 2017, the French government announced that the sale of fuel vehicles would be completely suspended by 2040; in December 2022, the Norwegian government proposed to stop the sale of gasoline or diesel vehicles nationwide by 2025; on February 14 this year, the European Parliament passed a proposal to stop the sale of fuel cars and small trucks in 2023; on April 28, the California Air Resources Board voted to pass the "Advanced Clean Fleet Rules", proposing to ban the sale of diesel large trucks by 2036.

Driven by the consensus on carbon emission reduction and the pressure of foreign energy dependence, these countries and regions have put a ban on the sale of fuel vehicles on the agenda.

Many traditional car companies also responded positively to this: Volkswagen said it would stop production of fuel vehicles by 2030 at the latest; Audi announced that it would stop production of fuel vehicles in regions other than the Chinese market in 2033 and fully enter the electrification era in 2032; Honda plans to stop selling new fuel vehicles in 2040, and Mercedes-Benz’s corporate strategy shifts from electric first to fully electric goal, and fully electric by 2030; Nissan plans to electrify 50% of its models on sale in 2023 and stop selling fuel models after 2025. Including General Motors, Ford, Jaguar, Volvo, etc., they have also clearly banned the sale of fuel vehicles.

In fact, after the European Parliament proposed to stop the sale of fuel vehicles, Volkswagen, Mercedes-Benz, Volvo, Ford and other automakers have publicly expressed their support.

In terms of supporting the new energy industry, China, as the largest market for new energy vehicles, is naturally also full of motivation: whether it is the need for dual carbon practice, or the rise of new car-making forces represented by BYD and Wei Xiaoli, which has given Chinese auto brands a name in the global automobile market structure of Germany and Japan "two worlds", it has anchored one point – to support the development of the new energy industry.

At present, China has not yet clarified the timetable for the withdrawal of fuel vehicles, but in May 2019, an organization released the "Study on the Exit Schedule of Traditional Fuel Vehicles in China" report predicting that the time point for China to ban the sale of fuel vehicles is roughly:

1. Guide the withdrawal of official vehicles from the fuel market in 2025, mainly replacing them with pure electric and hybrid models. 2. From 2025 to 2030, start a mandatory withdrawal mechanism in medium and large cities and functional characteristic areas. 3. Expand the eastern developed regions in 2035, and guide the nationwide withdrawal around 2040. 4. Stop sales in 2050.

The "National VI" standard surpassed the "Euro VI" to rank among the most stringent exhaust emission standards in the world, and Hainan was the first domestic province to clearly ban the sale of fuel vehicles in 2030, which also sent many signals.

Judging from the response of domestic automakers, BYD has taken the lead, and many automakers such as BAIC, Changan, and Haima have also formulated plans to stop selling fuel vehicles in 2025.

It seems that Ren Zeping just wants to speed up the progress of stopping the sale of fuel vehicles.

But even so, it is not a good idea to suggest using industrial policy to "force back" fuel vehicles.

Fuel vehicles can be knocked down, but they should not be banned.

This is not to stand in the perspective of the horse and carriage to block the car, but to call for the visible hand to give way to the spontaneous adjustment of the market as much as possible from the perspective of market competition – those who can survive the fittest do not have to be one size fits all.

In reality, many people will use the issue of carbon emissions to justify the choice of side when "fuel vehicle PK new energy vehicle".

It is good to use carbon reduction to consciously attract consumption choices, but some popular fallacies need to be clarified, such as "new energy vehicles are all zero carbon emissions".

Some people have compared the total efficiency of the two energy consumption routes of fuel vehicles and new energy vehicles: looking at the MPG value of the vehicle emission measurement unit, the average MPG value of fuel vehicles is about 23, the good ones are 30, and the bad ones are 15-17. New energy vehicles are generally around 30, and their carbon emissions mainly come from power generation.

Compared with fuel vehicles, the main advantage of new energy vehicles is not so much carbon emissions, but rather the diversity of available energy.

Needless to say, carbon emissions are a negative externality that fuel vehicles need to actively face and address.

However, when the carbon emission quota/CCER carbon indicator trading rules are relatively perfect, it is obviously a better choice to give fuel vehicles the process improvement space to reduce carbon emissions throughout the life cycle than to directly stop.

It is important to let the carbon emission cost of fuel vehicles be borne by fuel vehicle companies, which is not impossible to achieve through market mechanisms.

From a practical perspective, there is a "fuel vehicle" option in addition to new energy vehicles, which is also good for consumers.

"Traditional car companies win in technology accumulation, and new forces are strong in user experience" is the usual judgment of many people when comparing fuel vehicles with electric vehicles.

Today, the integration and innovation of car companies in technology and experience, software and hardware has been breaking down some stereotypes.

But it should also be noted that in terms of cost performance, performance stability, driving experience, and supporting facilities, both do have their own advantages and disadvantages.

Some people like the cool interiors and smart cars of new energy vehicles, while others like the driving texture and pouring process of fuel vehicles.

Some people are troubled by the short battery life of new energy vehicles, the difficulty of finding charging piles, and the long replenishment time. Some people feel that fuel vehicles do not understand young people.

In this situation, it is obviously better to give consumers more choices than none.

From the perspective of competition, allowing fuel vehicles to compete with new energy vehicles also has more advantages than disadvantages for new energy vehicle companies.

Some people say, "In fact, fuel vehicles have been raising electric vehicles" – the value-added tax, additional tax on education fees, purchase tax, license tax, road maintenance fee, vehicle and ship tax borne by fuel vehicles are equivalent to subsidies and preferential "buy orders" for new energy vehicles.

If we say that the new energy vehicle support policies based on the promotion of the dual-carbon strategy, energy structure adjustment, infrastructure building and other factors, including green card unlimited travel, no lottery number, no purchase tax, no road maintenance fee, etc., push the competition between fuel vehicles and new energy vehicles to the situation of "asymmetric game", then after the subsidy retreat, new energy vehicle companies must rely on quality, price, experience and other factors to win the same competition with fuel vehicles.

Once there is no policy blessing and you have to rely on your strength to speak, the new car-making forces are bound to be more active and committed in solving issues such as battery life and power replacement.

From the perspective of the replacement cycle, the momentum of new energy vehicles is ferocious, but sales are still many grades behind that of fuel vehicles.

In the case of fair competition, fuel vehicles will not say no. In the short term, new energy vehicles can only partially replace and coexist with fuel vehicles.

To put it bluntly, let the market return to the market. Whether the historical mission of fuel vehicles comes to an end or not, it should be the market that has the final say, not the "standard answer" given by planning instructions.

Even if traditional car companies themselves intend to ban the sale of fuel vehicles, even if the "replacement of old and new" is a major trend, imposing a ban on sales is not a priority.

Ren Zeping himself also said that 2023 is a turning point, and the new energy industry chain will shift from policy-driven to market-driven.

Since it is market-driven, the market structure of the automotive industry should not only accommodate new energy vehicles.

Speaking of which, it is inevitable that some people will make a case for European countries to stop selling fuel vehicles.

Among them, it is necessary to distinguish whether it is "want to ban" under the guidance of administrative will, or "want to ban – research – evaluation – voting – ban" with procedural legitimacy and public opinion.

Interestingly, at the end of March, before the European Union passed an executive order to stop the sale of fuel vehicles by 2035, there was an "episode" – under German requirements, cars with internal combustion engines using carbon neutrality synthetic fuels are expected to continue to be sold after 2035, but the fuel used can no longer be gasoline.

Before that, the German government formed an alliance with the Czech Republic, Italy, Poland, Romania, Hungary, Slovakia and other countries, and said "I am against".

The reason is very simple: people also want to "maintain employment" and "solid advantages".

This shows two points: 1. In some countries, banning fuel vehicles is not something that can be banned if you want to. From the proposal to the final approval, there are many procedural hurdles.

2. The actual trend of public opinion and various interest games often influence the direction of policy, so there will be a situation where "the motion takes 10 steps forward and then retreats 5 steps".

Whether or not to ban the sale of fuel vehicles is ultimately a complex issue that combines carbon reduction, energy security, economic development, and worker employment. It is not a "new energy is the future" that can be reduced.

You can draw a conclusion from the disadvantages of fuel vehicles: it’s time to let fuel vehicles quit. I can also draw a conclusion from the disadvantages of fusing to stop the sale of fuel vehicles: you can’t ban fuel vehicles.

Under the controversy, common sense still needs to be reaffirmed: the life of fuel vehicles cannot be revolutionized, but it depends on market competition, not industrial policy.

Industry observer Wang Xinxi said it very well:

iPhone replace Nokia, not by discontinuing Nokia, but by product and technical advantages.

　　International Online auto channel News: On July 10th, Geely brand CMA high-end series — — China Xingyue S, a high-performance SUV, was officially launched, with four models, and the official price was 135,700-171,700 yuan. The new car is equipped with a 2.0TD turbocharged engine, and the top model is also equipped with racing-class exhaust sound and S-class electro-optical green dynamic kit optional package, which has full performance attributes; In terms of configuration, Xingyue S is equipped with ADB matrix LED headlights, FACE ID face recognition function and many other unique configurations at the same level, and supports the cloud upgrade of the whole vehicle FOTA, which continues to bring users a dynamic and comfortable full sensory experience.

Geely xingyue s price

Geely xingyue s

　　The overall shape is sharp and dynamic, showing high performance attributes.

　　In terms of appearance, Xingyue S introduced six body colors: fighter gray, knight black, Arthur blue, Zeus white, thunder gray and Hera red. The overall shape inherited the classic design language of Geely family, and around the aesthetic concept of "dynamic moment", the front face and side were respectively decorated with thunderbolt talons and star shuttle trims, and the tail super light wave exhaust tailpipe was designed with bright black and four sides, making the overall shape dynamic and sharp.

Geely xingyue s

Geely xingyue s interstellar driving sense engine room

　　In terms of interior, Xingyue S has created a futuristic interstellar driving cabin, equipped with S-class high-performance sports seats, high-grade suede materials and meticulous craftsmanship bring high-quality experience, and CMA letter embroidery on the back of the chair highlights Xingyue S performance genes and sports quality. The overall color matching of the interior uses a large area of pure black background, and is decorated with the dancing Xinghai matrix of electro-optic green. The triangular symbols are arranged in the interior of the vehicle in a dot matrix, which looks very dazzling and shows the beauty of agility.

　　The whole system comes standard with a 2.0TD engine, and its strong performance releases the feeling of driving and control.

　　In terms of power, the new car is equipped with a 2.0TD turbocharged engine, providing two power combinations of 2.0TD+8AT and 2.0TD+7DCT. 2.0TD high power +8AT gold power combination, which realizes the racing-class performance with an acceleration of 6.8s per 100 kilometers, making it the best choice for performance car enthusiasts; 2.0TD+7DCT power combination, the first in its class with 97% transmission efficiency and economic performance of 6.8L fuel consumption per 100 kilometers, meets the comprehensive needs of the mainstream public.

Geely Xingyue S is equipped with Bosch 9.3 high dynamic ESP system.

　　Inheriting the strong genes of CMA super matrix, Xingyue S brings users control passion and driving pleasure with strong performance and hard power. The body and chassis structural parts with high-strength steel exceeding 78% and the lightweight aluminum steering knuckle make the vehicle steering control more accurate; At the same time, the DP-EPS steering system owned by Xingyue S is adjusted by the professional team of Lotus, which brings higher handling stability and perfectly balances sports performance and comfort performance; In addition, the high dynamic version of Bosch ESP9.3 carried by Xingyue S can limit the understeer or oversteer of the vehicle, ensure the directional stability and steering ability of the vehicle, and give the driver and passenger a full sense of stability and confidence.

Geely Xingyue S carries out the full road experience of "Scorpion Bend" performance scene.

　　Relying on the strong product performance of Xingyue S, Xingyue S passed the hook test at an initial speed of 122km/h, and its performance far exceeded the industry standard. It is reported that the experience activities in the launch of new cars are combined with the hook test and the scorpion bending performance scene experience pioneered by Geely. In the scorpion bend scene, which combines traditional test subjects such as snake-shaped pile winding, linear acceleration and emergency braking, and Geely’s original "scorpion tail" and other all road conditions, the media and users fully experience the powerful performance of Xingyue S in steering system, braking system, suspension system and power system through their own test drive, and learn the high performance of the new car.

　　Multiple configurations leading at the same level to create an immersive driving experience

　　As a high-performance SUV, Xingyue S not only pursues high standards of performance, but also combines the whole scene of users’ daily driving to create an immersive driving experience with more comfortable technology configurations at the same level.

　　Xingyue S is equipped with unique ADB matrix LED headlights at the same level, which integrates three systems: adaptive anti-glare, automatic height adjustment and curve follow-up steering to provide more accurate and high-definition lighting for the road ahead; The skylight with a lighting area of 0.59 m, the largest panoramic starry sky in the same class, brings a broader visual experience; The 12-speaker BOSE luxury hi-fi system tailored for the whole vehicle, with three sound modes, creates an immersive sound effect and a pleasant experience; In addition, Xingyue S has the unique FACE ID face recognition function at the same level, which can remind people of fatigue driving and dangerous driving actions and bring security at any time. The equipment of kick-type induction electric tailgate further enhances the convenience of daily use.

Geely xingyue s vehicle supports FOTA upgrade.

　　It is worth mentioning that Xingyue S supports FOTA cloud upgrade, online upgrade, repair, function push and performance optimization of the whole vehicle, so that driving is no longer a static and attenuated experience degradation, but a dynamic and incremental sensory refresh.

Geely xingyue s

　　Since the continuous exposure of new car information, Xingyue S has gained great attention with its strong performance strength. At present, Xingyue S, Xingyue L and Xingrui together form the high-end series of Geely brand CMA. After the advanced performance, Geely Xingyue S caters to users’ demand for the continuous upgrading of automobile performance, which will set off a performance storm of China brand cars, bring better performance experience and full daily driving and control interest to consumers, and open the era of high performance of sports SUVs for all. (Source: Geely Automobile)

The picture comes from NIO’s official website. If there is any infringement, please inform and delete it.

On March 1, NIO announced its financial report for 2022, with a net loss of 14.437 billion yuan in 2022, breaking the trend of gradually narrowing losses in the past two years. The market believes that it seems to return to the dilemma of being in the ICU in 2019. In comparison, Li Auto’s loss of 2.03 billion yuan is almost negligible.

Gross margin cut in half, expenses further increased, cash reserves dropped… The sustainability of NIO began to face widespread doubts, and the reaction of capital markets was more direct. On March 1, the US stock market closed down 5.96%. At $8.83, it reached a new low since the second half of 2020.

Li Bin and NIO are under great pressure.

But at the same time of huge losses, NIO is still up the ante. Recently, NIO announced that it will add 1,000 replacement stations this year to cover more markets in third- and fourth-tier cities. Li Bin believes that in addition to the first-tier market, there is still more market space to expand. The construction of the charging and replacement system is providing support for NIO to sell cars.

In addition, the Financial Union reported that NIO’s new factory settled in Chuzhou, Anhui, and will put into production NIO’s third brand Firefly. Unlike the high-end positioning of the NIO brand, Firefly focuses on low-end models, and the price range may be 100,000 yuan to 200,000 yuan, or even 100,000 yuan.

At this time, if combined with the construction plan of the power station just mentioned, it seems that NIO’s sinking ambition can be found. Around this phenomenon, this paper attempts to answer the following three questions:

1. Why are car companies obsessed with the lower-tier market?

2. NIO, which starts from the mid-to-high-end market, "goes down", the advantages outweigh the disadvantages?

3. Is the lower-tier market a piece of fat for new power car companies?

Competing for the lower-tier market

Dcar and the China Electric Vehicle 100 Association released the "Low-tier market new energy vehicle user consumption behavior insight report", which studies and analyzes the portrait user, car purchase behavior and consumption trend of new energy vehicles in third-tier and lower cities.

The report pointed out that the lower-tier market users in the purchase of vehicles, the choice of new energy vehicles than the proportion of first- and second-tier cities, compared to first- and second-tier city users on the appearance of interior, cutting-edge technology, lower-tier market users are more concerned about parameter configuration and model price, the 150,000 yuan models are more favored.

Lower-tier market share of population

Zhang Yongwei, secretary general of the China Electric Vehicle 100 Association, made it even more clear that the new energy vehicle market will accelerate in 2023, with sales in second- and third-tier cities expected to account for more than 60%.

At the same time, our country is also accelerating the construction of new energy vehicle charging facilities. Cities in the third- and fourth-tier and below are promoting the increase of charging infrastructure building by formulating local subsidies and setting the upper limit of charging service fees. According to the latest data released by the China Charging Alliance, as of October 2022, the cumulative number of charging infrastructure in the country was 4.708 million units, an increase of 109% year-on-year.

From the current market development situation, the third- and fourth-tier markets are likely to be the next incremental space for new energy vehicles, and demand is being released.

Therefore, not only NIO, but also other new car players are eyeing the lower-tier market.

As early as three years ago, Tesla publicly announced the central city settlement plan, covering a total of 45 cities in the four major regions of China, including Yancheng, Jiangsu, Linyi, Shandong, Nanning, Guangxi, Ganzhou, Jiangxi and other low-tier cities – which was also interpreted by the outside world as Tesla’s sinking plan.

In March last year, Tesla published an article on its official account, "Tesla Village in the Mountains," describing how Cai Ge, who grew up in Panzhiga Village in Yunnan Province, inspired the villagers to replace their oil carts with Teslas.

In addition to further increasing the exposure of the original product, Tesla plans to launch a new model that is more accessible to the people, and is equipped with a more powerful, safe and cheap new battery.

The best implementation of the lower-tier market is BYD.

Data show that from 2021 to 2022, BYD’s sales of several hot-selling models in third-tier and lower-tier cities increased from 30% to nearly 40%. As of September 2022, BYD’s store ratio in third-tier and lower-tier cities was about 50%, with nearly 800 stores. BYD is reaping the growth dividends of the new energy vehicle market with its cost-effectiveness and car cost advantages.

In addition, Li Xiang, chairperson of Li Auto, said that another focus of Li Auto in 2023 is to expand the network layout of third- and fourth-tier cities. It is expected to add 50 urban layouts and 150 stores, basically completing the coverage of third- and above-tier cities.

Xiaopeng is also offering cost-effective products to the wider market. Xiaopeng P5 has the "world’s first mass-produced lidar smart car" label, and the subsidized price is 157,900-223,900 yuan. Xiaopeng’s experience center has also begun to expand to cities such as Liuzhou, Luoyang, Weifang, etc.

Second, with Tesla’s heart, lean towards BYD

However, it is a bit regrettable that the players seem to be actively planning, with the exception of BYD, most of them have achieved little.

After analyzing the sales channels of new car manufacturers such as Tesla and Wei Xiaoli, some research institutions found that their stores are still concentrated in first- and second-tier cities such as Beijing, Shanghai, Guangzhou and Shenzhen, as well as in economically developed regions such as the Yangtze River Delta and the Pearl River Delta. Sales contributions also continue to come from these central cities.

But one thing is very interesting, today’s new car forces seem to be experiencing a "siege". Nezha and zero runners, who were originally developing steadily in the 100,000-200,000 yuan market, are focusing on the mid-to-high-end market to "gold-plated" the brand; while Wei Xiaoli, who is "looked up", hopes to use the lower-tier market to harvest more users.

From high-end to low-end, there are advantages and disadvantages. How should car companies choose? Huawei Smart Car Solutions BU CEO Yu Chengdong once said bluntly in an interview that he will not make a car within 200,000 yuan. But Che Bai think tank believes that small and beautiful cannot withstand big waves. For high-end car companies, it should impact the low-end market.

First, the high-end market is no longer attractive.

In the era when there were not so many new forces, Wei Xiaoli directly started building cars from the mid-to-high-end market, and after a period of relatively high-profile days, such as the Xiaopeng P7, NIO ES8, and Ideal ONE models, they all achieved very good results.

But Cui Dongshu, secretary-general of the Passenger Federation, said that in the current domestic new energy vehicle market, the sales of models under 200,000 yuan account for more than 50%, and it is expected that the market share of models under 200,000 yuan will be more than 70% in the future. This means that the high-end market where "Wei Xiaoli" is located is more than 200,000 yuan, which is not the fastest growing range.

Take NIO alone, Li Bin once proudly said that the average price of NIO exceeded 400,000 yuan. From another perspective, 400,000 yuan has also become a gap between NIO and the vast majority of users. If NIO wants to further increase its market share, it must enrich its product system, and sinking is an inevitable choice.

Secondly, the delivery volume is an important indicator of capital to see new power.

The logic is that the automobile industry has a strong economy of scale. In their book The Automobile Industry, the British economists Maxi and Silberstone argued that only mass production of cars can make prices more acceptable to consumers, and then consumers can promote product delivery, and a positive flywheel will run. And capital is also a big fan of this theory, so delivery is their primary consideration.

However, under the premise that high-end tram sales cannot increase rapidly, NIO’s delivery volume is worrying, and it has been forced to relinquish its top position in delivery volume since 2021.

NIO’s top priority now is to find new growth poles.

At this time, the launch of Alpine and Firefly sub-brands corresponding to the low-end market may be the key breakthrough for NIO to reverse the situation. If it enters too late, the market price may be divided by BYD, Tesla and other car companies, and it will be difficult for NIO to get a share.

The advantage of the high-end market lies in profit margins, while the advantage of the mid-to-low-end market is that it can move volume and provide higher risk resistance in times of economic crisis. Therefore, even with Tesla’s heart in mind, NIO has to rely on BYD.

Fortunately, NIO has obvious advantages in attacking the lower-tier market. For companies based in the low-end market, it is extremely difficult to move to the high-end market. In turn, high-end car companies sink into the low-end market, but it is much simpler. Price reduction and reduction are common solutions.

In addition, NIO has an advantage over other car companies, which is the power station. In Xingfu Town, Boxing County, Binzhou City, Shandong Province, NIO has 500 car owners, and the town’s household registration population is only 50,000. The reason why so many people are willing to buy NIO is because of the local construction of the power station.

When NIO’s charging stations are ubiquitous, it is difficult for other brand car companies to replicate them.

III. It is difficult to steal business from someone else’s mountain

The advantage is not small, but the problem of NIO entering the low-end market cannot be ignored. One of the keys is how much money NIO still has. When NIO went public in Hong Kong in early 2022, it revealed that the cash reserve was about 60 billion yuan, but NIO’s net loss in 2021 exceeded 10 billion yuan, and the net loss in 2022 exceeded 14.40 billion.

In addition to the loss mentioned at the beginning of the article, as well as spending huge sums of money to build and replace power stations, NIO will continue to build up the ante self-made battery, successively established (Shanghai Jiading) laboratory, set up research and development, manufacturing, sales (Anhui) company, 400 million yuan to invest in Xinganda, 12 million Australian dollars to subscribe to 12.6% of the shares of the Australian Mining Company (GR). Some time ago, Jianghuai Automobile acquired some assets of NIO at a price of 1.704 billion yuan, and many media believed that Jianghuai was assisting NIO.

Secondly, downward derivative models are not technically difficult for NIO, butBuilding a low-cost model is not easyAnd with the decline in raw material prices, the electric vehicle market is very likely to usher in a new round of price cuts to further compress NIO’s gross margin. At Tesla’s just-concluded investor day, Musk said that its models can further reduce costs by 50%. This undoubtedly poses a huge challenge to local new car makers such as Wei Xiaoli.

Moreover, Che Bai think tank checked the data of new energy vehicles to the countryside activities and found that traditional car companies are the well-deserved main force – BYD, Great Wall, SAIC, Jianghuai, Dongfeng, Chery and other traditional old car companies, vehicles are mostly small and mini cars priced below 100,000 yuan and with a cruising range of less than 300 kilometers.

In 2022, only a few new car brands such as Zero Run and Hezhong participated in the new energy vehicle to the countryside activity, and all "Wei Xiaoli" were absent. Why did this happen?

Different from traditional fuel vehicles, new energy vehicles put forward higher requirements for the after-sales services of automobile companies and the construction of local charging pile supporting facilities. Traditional car companies have more scale advantages in production and more perfect channel construction in the lower-tier market.

It is undeniable that the lower-tier market is the next traffic depression, but for most current car players, it is also a place full of thorns. Is the traditional car company relying on favorable terrain to continue to advance, or is the new force swooping into the battle? It is still unknown, but it is not up to NIO to choose.

Looking back at the price of Tesla Model X at that time, which was nearly one million yuan, it firmly stood in the position of a high-end brand, but since 2010, Tesla has been in a state of loss, and even reached the brink of life and death. It was not until 2016 that Tesla turned to the public to make a profit. Therefore, we might as well give domestic new cars some more time.

[Full text reference]

[1] "Insight Report on Consumption Behavior of New Energy Vehicle Users in the Lower-tier Market", China Electric Vehicle Hundred People’s Association & Dcar

[2] "BYD’s" price increase ", how long can it" sell the crown "?", inside and outside the table, Insight Data Research Institute

[3] "New energy vehicles enter the fourth year in the countryside, and the market needs more efforts to sink", China Consumer News

[4] "Tesla Village in the Mountains", Tesla Tesla

Text | Box Lunch Finance, Liu Xingzhi

Editing | Wang Jing

For more than 30 years, Wang Jianlin, the head of Wanda, has many friends, and even more people claim to be his friends, but there are not many "true friends" who are willing and able to pull him in times of crisis. Especially after 2018, Wang Jianlin’s circle of friends, some are imprisoned, some are too busy to care for themselves, and they still expect him to pull a hand.

If the standard of "true friends" is never to leave, Pony Ma, the founder of Tencent, will definitely be on the list of Wang Jianlin’s circle of friends and rank among the top.

On July 21, the shareholders of Beijing Wanda Investment Co., Ltd. (hereinafter referred to as "Wanda Investment") changed, and 49% of Wanda Investment’s equity was transferred to Shanghai Ruyi Film and Television Production Co., Ltd. (hereinafter referred to as "Shanghai Ruyi").

On the evening of July 23, the details of the transaction emerged. The buyer, China Ruyi (00136.HK), announced that it had entered into an equity transfer agreement on July 20, and the transaction consideration of 49% of the shares was 2.262 billion yuan.

Wanda Investment is the controlling shareholder of Wanda Film. Including this transaction, this is the fifth transfer of equity assets involving Wanda Film this year. Through these transactions, Wanda has cashed out about 7 billion yuan, part of which is used to "step on the point" to repay the debt. The latest news shows that Wanda has transferred the principal and interest funds of 400 million US dollars of bonds due on July 23.

Why should Shanghai Confucianism and Italy send charcoal in a hurry to solve Wanda’s urgent need to repay its debts? The grass snake gray line is hidden in its capital background.

Public information shows that Shanghai Ruyi is a wholly-owned subsidiary of China RuyiEvergrandeAfter several transactions, Tencent is now the controlling shareholder.

At present, the prospect of Wanda’s listing is uncertain, the debt concentration expires, and the selling of assets to cash in can’t help but remind the outside world of six years ago, also under the pressure of debt, Wanda sold off its assets and "broke its arm to survive". After that transformation and privatization, in early 2018, it was Tencent that took the lead, joined JD.com, Sunac, and invested 34 billion yuan in Wanda to "untie" Wanda and support its valuation.

Wang Jianlin was born in the tail of the planned economy, grew up in Sichuan, joined the army in Jilin, and started in Liaoning; Pony Ma grew up in Shenzhen, the bridgehead of reform and opening up. The two people, who are 18 years apart, have very different personalities and experiences. It is in the tide of private economy that they gradually come to the same end.

After taking the lead in investing in Wanda, Wang Jianlin and Pony Ma have been tied to the same boat. From the "Teng Million" cooperation in 2014, to Tencent’s leading investment in 2018, and then to the current delivery of life-saving money, Wanda’s two most dangerous turns, Tencent’s figure has always been around.

"After years of business and wealth, everything has always come to nothing." This is a poem written by Wang Jianlin many years ago. If not for Pony Ma, the metaphor of "everything" coming to nothing may have come true.

01

The first turning point in the lives of 68-year-old Wang Jianlin and 51-year-old Pony Ma both took place in 1989.

In 1986, Wang Jianlin switched from the army to serve as the office director of the Xigang District People’s Government of Dalian City. In 1989, he came to Xigang District Housing Development Company as the general manager, which was the predecessor of Wanda.

Also in 1989, Pony Ma was admitted to Shenzhen University. Shenzhen University did not have the astronomy department that Pony Ma was most interested in, so he settled for the next best thing and entered the computer major of the Department of Electronic Engineering.

From the perspective of the time, the two people were of different ages and backgrounds, and their life paths were very different, so there was no possibility of intersection. But with the vigorous development of the private economy, the two gradually came together on the road to business.

In September 2013, Hurun rich list, Wang Jianlin with 135 billion yuan wealth, more than Zong Qinghou family, the first time to become the Chinese mainland "richest man", this is the first time the real estate boss to get the "richest man" title. On the list, Pony Ma with 62 billion yuan wealth ranked third, when real estate was in full swing, the Internet is in the limelight, the former’s growth rate made other industries look at, the Internet’s growth rate made real estate developers are shocked.

As a commercial real estate leader, Wanda began to feel pressure from e-commerce platforms. Wang Jianlin once said that he "wants to establish an Internet e-commerce website that is different from Taobao and JD.com".

And Tencent, which has a social empire, also wants to make a difference in the field of e-commerce, so in 2014, facing a common opponent, Wang Jianlin and Pony Ma came together as "e-commerce partners".

In 2014, Wang Jianlin introduced Tencent, Baidu, the three giants announced the establishment of Wanda e-commerce company, Wanda Group held 70%, Tencent, Baidu held 15%, and plans to invest in the next five years 20 billion, to build the world’s largest O2O electricity supplier company.

Wang Jianlin’s expectations for this project are not high, and the lineup of "Teng Million" is also luxurious enough, but this seemingly strong and powerful commercial aircraft carrier is unfavorable. After the first phase of 5 billion yuan of funds burned out, Tencent and Baidu announced their withdrawal, and Wanda E-commerce ended hastily.

The failure of the "Teng Million" alliance is not surprising. The three companies seem to be strong, but none of them have e-commerce genes. The experience of the leading party Wanda in traditional commercial real estate has become a shackle for its e-commerce development.

This cooperation ended without success, Wang Jianlin 5 billion bought a lesson, but also harvested the friend of Ma Yun, this friendship will play a key role in the future.

02

In June 2017, a risk investigation letter from the China Banking Regulatory Commission pushed Wanda to the bottom, and Wanda’s six overseas project financing encountered strict control.

Real estate is a high-wire business, and the financing channel is the balance pole held by real estate developers. The two ends of the pole are assets and liabilities. The investigation of the Banking Regulatory Commission has greatly affected Wanda’s financing ability, and Wang Jianlin has to sell assets.

In July 2017, Wanda’s 13 cultural tourism projects and 77 hotels were packaged and sold to Sunac and R & F. Speaking to the media, Wang Jianlin said: "The transfer of the project can greatly reduce the debt of Wanda Commercial and further realize asset-light operation."

The move to sell assets at a low price has made the outside world question Wanda’s capital chain, but from the logic of buying and selling, Wanda sold assets at the same time, but also quickly reduced its liabilities, without hurting its bones. According to the financial report data, Wanda Group’s revenue in 2018 was 2142.8 billion yuan, completing 101.6% of the annual plan.

Wanda was able to escape from this crisis, except for Wang Jianlin’s decisive means of "breaking the wrist of a strong man", the actions of Pony Ma and others were also contributed.

On January 29, 2018, the official website of Wanda Group announced that Tencent Holdings, as the main sponsor, signed an agreement with Sunac, JD.com, Sunac China and Wanda Commercial in Beijing, planning to invest 34 billion yuan to acquire about 14% of the shares held by investors when Wanda Commercial Hong Kong H shares were delisted. According to this calculation, the total valuation of Wanda Commercial exceeded 240 billion ********ch higher than the 196.50 billion yuan at the time of delisting.

For Wang Jianlin, this financing is "three birds with one arrow". First, this financing solves the problem of overseas debt; second, by partnering with Tencent again, Wanda can tell the story of "new consumption" to the outside world; third, the support of the four giants’ real money allows the outside world to re-see Wandai, and Wang Jianlin can accumulate strength and seek listing again.

According to media reports, the deal was personally decided by the "No. 1" of the parties. Wang Jianlin personally called Pony Ma, Zhang Jindong, Sun Hongbin, and Richard Liu. After the four were basically finalized, they were handed over to the investment department to follow the procedure. The transaction took less than half a month from negotiation to finalization.

At that time, Caixin reported that this was a "marriage-style investment", and the two most important parties in the "marriage" were of course Wang Jianlin and Pony Ma.

Although the previous cooperation ended in vain, the degree of attention that Pony Ma attached to this cooperation only increased. In May 2019, the always low-key Pony Ma, surrounded by security and staff, walked into Wanda Plaza in Beijing Fengtai Science and Technology Park.

And Wang Jianlin, who is known as "never shopping", spent 2 hours walking around the Wanda Plaza side by side with Pony Ma. The online and offline "traffic king" is framed in the same frame, which aroused the imagination of the outside world.

03

However, less than a year after the same frame, the COVID-19 pandemic arrived, and both companies were affected. No matter how few of them shared the same frame, the vision of new consumption and smart retail was rarely mentioned again. It was not until the listing of Wanda Commercial Management was blocked and Wanda was once again mired in rumors of a liquidity crisis that Pony Ma’s figure reappeared behind Wang Jianlin.

In 2018, Wanda Commercial renamed itself Wanda Commercial Management and divested its real estate development business. In 2021, Wanda Commercial Management divested its business again, further lightening its assets, and seeking to re-list through its subsidiary Zhuhai Wanda Commercial Management.

In order to promote the listing, Zhuhai Wanda Commercial Management has introduced a strategic financing of up to 38 billion yuan in 2021, and the investor lineup is luxurious, including CITIC, China Merchants Group,Country GardenWait, Tencent is also among them.

However, Zhuhai Wanda Commercial Management has failed three times in a row and submitted its fourth statement on June 28 this year.

The IPO time table has been delayed frequently. In addition to facing the pressure of failing to gamble and repaying tens of billions of investment funds with principal and interest, under the influence of pessimism, Wanda has once again fallen into a liquidity crisis. On June 28, Wanda Commercial Management announced that the registration process of 6 billion yuan corporate bonds previously applied for issuance was suspended, and Fitch, Standard & Poor’s and other institutions have also downgraded Wanda’s rating.

In order to re-prop up the "balance pole", Wang Jianlin had to sell assets again. Since March this year, Wanda’s companies have transferred shares and assets related to Wanda Film five times, cashing out about 7 billion yuan. The latest transaction, the opponent is China’s Confucianism controlled by Tencent, and Tencent’s living water has once again flowed to Wanda.

Of course, this time to help Wanda, not only Ma Yun alone, in July 11th, Wanda investment also 2.173 billion yuan trading consideration to the Oriental wealth controller wife Lu Lili transferred 180 million shares of Wanda Film stock.

In fact, under the accelerated recovery of the entertainment industry, Wanda Film is currently one of the few chips for Wang Jianlin to ease liquidity pressure. IPG China Chief Economist Bai Wenxi told Lunch Finance that Wanda Film is currently one of the listed company targets under Wanda Group that are of good quality and easy to strategically transfer or reduce holdings in exchange for repayment.

In addition to selling cultural assets, in May this year, Wanda also plans to sell a payment license for 1 billion yuan to rescue the emergency. Douyin Zhang Yiming is a potential buyer. At present, the two parties have initially contacted, and the transaction has not yet been settled.

For more than 30 years, Wang Jianlin has had both highs and lows in the market, and he has also been used to the ups and downs of his partners and competitors. Since 2013, Wanda has cooperated with real estate companies such as Sunac, R & F, Vanke, and has also intersected with Internet upstarts such as Baidu, Tencent, and Ali. However, in the two important turns of Wanda, only Tencent has always "never left".

From a business perspective, Wang Jianlin has keenly observed the huge changes brought about by the Internet to business, and Pony Ma also realized that online development must ultimately serve offline, which is the basis for the cooperation between the two. In an article published by CCTV recently, Pony Ma said that "the role of the platform economy in empowering the real economy, promoting technological innovation and exploring the international market is increasingly prominent".

The common goal of the two sides is only the basis for cooperation. At present, Wanda wants to sell assets, and the top Internet companies are the few buyers who have the strength to take over.

Of course, the only buyers who are capable and willing are not Ma Yun. Wang Jianlin’s Moments may welcome new members, such as Zhang Yiming, but under the long-term deep interest binding, Ma Yun may be the most important old friend of Wang Jianlin at present.

References:

"Wang Jianlin’s troubles: the road ahead for Wanda Commercial Management to go public is unknown, and Wanda Film’s equity is constantly being sold" Titanium Media

"Teng Million" broke up, Wanda’s e-commerce road collapsed? "China Net

"Wanda financing breaks the deadlock, leading the four giants to target listing within five years" Caixin

"The four giants’ investment in Wanda Insider: Wang Jianlin communicated by phone one by one, and Ali did not vote against it"

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　　No one expected that the hot "stealing vegetables" game in 2009 would lead to the explosion of Tencent Cloud.

　　What is even more surprising is that Tencent Cloud, which has been dormant for 10 years and was once not optimistic, will now become Tencent’s first starting point to solve the midlife crisis, and it is also a major weapon for Tencent, Alibaba, and Huawei in the industrial Internet PK.

　　"Stealing Vegetables" Stolen Tencent Cloud

　　In 2009, Tencent was still a medium-sized company, and QQ space was still a non-mainstream camp of the post-80s and post-90s generation. At that time, QQ farms were introduced into QQ space, setting off a national rush to steal vegetables.

　　But behind the explosion of the game of stealing vegetables, it is Tencent’s team of programmers who are working hard to maintain it. The system of QQ farm is like a canal in a farmland, and users are like watering water. If the water storage capacity of the canal is not large enough to withstand the flood of hundreds of millions of users stealing vegetables at the same time, the system will naturally collapse.

　　In order to support the normal operation of QQ Farm, Tencent purchased and put thousands of additional servers on the shelves in just one month, and it became a common thing to add 4,000 servers a month.

　　The incident of "QQ Farm Stealing Vegetables" enlightened Tang Daosen and his colleagues, the technical head of QQ Space at the time. Not every company can keep adding servers, and not every company has the need to keep using these servers. If the game is not popular, these servers are equivalent to idling.

　　Is there a way to solve this problem?

　　At that time, a series of academic papers on the GFS architecture were published abroad, and the team of Tang Daosheng and Yao Xing analyzed the technical details and developed a new set of low-level data storage methods based on the actual needs of the business. After this creative method was abstracted, it was generally applicable in other businesses, so that other technicians did not need to redesign the system at this level.

　　This is the embryonic form of Tencent Cloud.

　　Two opinions, life on the line

　　The process of Tencent Cloud gradually flourishing was not smooth sailing, and soon, two opinions emerged within Tencent.

　　One side is to stop the business, and the cloud is a "hard work of mining coal". There is no profit, heavy investment, high cost, unclear long-term development, and its own business has been in a very low state. The other side is to argue that the cloud is a business that cannot be easily abandoned.

　　Tang Daosheng defied all arguments and has been insisting on moving around with limited resources, giving Tencent Cloud a chance to survive.

　　It wasn’t until around 2011 that Tencent realized that it was time to open up its industrial ecosystem and gain more partners. To achieve this goal, in addition to sharing the huge traffic of QQ and WeChat, it also needs to provide more solid technical capabilities to partners.

　　Tencent Cloud finally has the opportunity to make an appearance!

　　In a public interview, Mr. Tang explained the relationship between Tencent Cloud and the open ecosystem. "When you really open up traffic to the outside world, you find that the back-end support capabilities of these partners are relatively poor. Even if I can guide tens of millions or even hundreds of millions of groups to you, if you can’t catch it, it will collapse. And [Tencent Cloud] is the ability of Tencent to serve a large number of users accumulated over more than a decade. So, open up IT capabilities to partners as well."

　　The most impressive thing was the subsidy war of Didi Kuaidi that year. Didi’s order volume rose dozens of times in a short period of time, and servers in various places were in a hurry.

　　"When Didi’s server hangs up, users will flock to the fast one. The fast server hangs up immediately, and users will flock back, and Didi will hang up." The parties recalled that whoever’s server stabilizes, users will settle down.

　　After receiving Didi’s call for help, Tencent and Didi’s technical team fought for 7 days and 7 nights. The engineers were too busy to take a shower and stinked, and finally withstood the battle that decided the survival of the two families. Then Didi quickly migrated the system to Tencent Cloud, withstood several traffic peaks, and finally had the last laugh in the online car-hailing war.

　　In 2018, Tencent was on the cusp of the trend again. Based on this timing, Pony Ma, who has long been on the stage for Tencent Cloud, spoke out. In a small box in a Hong Kong restaurant, Pony Ma asked strategic questions such as "whether the cloud is the most important for Tencent" in one breath. These questions made every member of the general office disarm.

　　A few days later, at an expanded meeting attended by more than 40 vice presidents, Liu Chiping, president of Tencent Group, asked: "I think the cloud business is very important to the future development of the company, and the company must do it. Please raise your hand."

　　All hands raised.

　　"Okay, you support it." Lau Chiping smiled, and after the meeting, the vice presidents realized that this was a "gun surrender" conference.

　　Anticipating that "surrender the gun" might encounter resistance, Lau Chiping specially arranged this session, so that everyone had no room to bargain. "Which department should be taken from, and when it comes to cloud (CSIG business group), there are no conditions."

　　Since then, from the "general manager" to the core executives, the view has been formed that the Internet has entered the second half of the TO B, the cloud is the most important strategic tool, and it is time to unleash the power of Tencent Cloud. Subsequently, Tencent announced the restructuring, and the Cloud and Smart Industry Group (CSIG) was born, focusing on the industrial Internet, as the pioneer of the new blueprint of Tencent.

　　Pony Ma opened the "green light" to enter the 2B market

　　Pony Ma is optimistic about the future of Tencent Cloud. He has always been cautious about WeChat entrance, and has business to try to get it. Before Zhang Xiaolong speaks, Pony Ma will rush to refuse. But this time, Pony Ma helped Tencent Cloud find Zhang Xiaolong to get WeChat entrance.

　　This detail makes Mr. Tang more confident. On the cloud track, Mr. Tang quickly ran, and the first arena was the game cloud. Tencent is the world’s largest game company, which is its ecological advantage.

　　The life cycle of a game is short, and it usually dies out after two or three years. However, in order to maintain the operation of a game, the operating company has to lay out a district and hundreds of servers. And Tencent Cloud can help game companies save these resources and provide a complete set of game services.

　　Taking "Honor of Kings" as an example, Tencent Cloud has studied how to do mobile phone evaluation for games, how to do numerical system and game rating, how to do a good voice call system and other services, all packaged and provided.

　　Soon, Tencent Cloud became the leading player in the gaming cloud market.

　　In the field of live broadcast, real-time audio & video technology based on QQ social services has always been Tencent’s technical advantage. From video calls to group videos to live video broadcasts, Tencent’s accumulated IT capabilities in this field soon gained explosive output opportunities with the arrival of the first year of live broadcast. So soon, in 2017, Tencent Cloud firmly occupied the first position of live broadcast cloud.

　　Then Tencent Cloud also made efforts to enter the field of government affairs, developing the "Guangdong Provincial Affairs" Mini Program. Today, one out of every 16 Cantonese people uses the "Guangdong Provincial Affairs" Mini Program, and 625 people handle business through Guangdong Provincial Affairs every minute. As of 2019, Tencent Cloud and partners have landed multiple large-scale government affairs projects in 22 provinces.

　　With the advantage of 2C ports, Tencent Cloud has fought one good battle after another in 2B ports. In fact, 2B is still very close to daily life. For example, Tencent Cloud’s technology allows multiple people to communicate in real time, minimize noise and echo, reduce the delay time of foreign calls, and allow leasing parties to sign online contracts.

China Economic News Network (Liu Chenxi)On December 26th, at the Wenjie M9 and Huawei’s winter full-scene conference, the luxury technology flagship Wenjie M9 was officially released. As the most important product of the year under Hongmeng Zhixing, Wenjie M9 is equipped with Huawei’s smart car full-stack technology solution. It not only fully boarded Huawei’s top ten smart car black technologies, but also brought many leading-generation product highlights such as new family design, changeable space, smart cockpit, intelligent driving control, intelligent driving, and intelligent security. Provide users with a continuous leading travel experience.

Yu Chengdong, executive director of Huawei, CEO of End Point BG, and chairperson of Smart Car Solutions BU, said: "Qinjie M9 is a landmark product in the era of intelligence. We have brought all the best Huawei smart car black technology to the car. In all aspects that users can imagine and can’t imagine, it has brought a leading generation of excellent experience, redefined the smart car standard, and is a well-deserved luxury technology flagship SUV!"

New family design, six-seat seating

In terms of appearance, the internal and external design of Wenjie M9 continues Huawei’s aesthetic principles of "extreme, pure and simple", and is a design model for Huawei in the era of smart travel. Wenjie M9 offers two solid colors of car paint: "Makino Blue" and "Gilt Black", as well as three double colors: "Danxia Orange", "Yadan Black" and "Galaxy Blue". The interior offers three color schemes: "Wangshu Apricot", "Moon Shadow Grey" and "Red Tea Orange".

Thanks to the new luxury D-class platform and the advantages of integrated die-casting body, Wenjie M9 allows SUV to achieve a flat floor for the first time, and the third row enters and leaves the farewell steps. Wenjie M9 has a front row space of 1045mm, a second row space of 1060mm, and a three-row space of 950mm. It has the largest space performance in the same class. At the same time, the occupant space in the cockpit reaches the largest 2725mm in the same class, with a higher room acquisition rate. It also supports a variety of seat modes with 3, 4, 5, and 6 seats. The sense of vision, space, and flexibility are comparable to mainstream MPV models, easily meeting users’ full-scene travel needs.

The M9 is equipped with six equal-right seats, with a unified front, middle, and rear row configuration. It also has independent charging ports, cup holders, mobile phone slots, and HUAWEI MagLink sockets. Even the third-row seats are equipped with heating functions, providing both practicality and entertainment.

Leading smart cockpit, intelligent interaction is further advanced

The M9 is equipped with the new HarmonyOS 4 and the new HUAWEI SOUND excellent series, and the whole car is fully equipped with 10 screens. At the same time, Xiaoyi is equipped with an AI large model for the first time, creating more full-scene possibilities for users.

The M9 is fully equipped with up to 10 screens, ready to meet the full scene needs of users for driving, entertainment and work. Among them, the industry’s first car-level projection system is on board, with a 32-inch lifting projection screen, which perfectly replicates the cinema-level viewing experience.

The new HUAWEI SOUND Excellence Series has flagship hardware configuration, equipped with 25 units of professional-grade audio, and the power amplifier output reaches 2080W. The star ring scatter integrates light and shadow aesthetics, acoustic technology and AI wisdom, making the audio-visual effect more shocking. At the same time, the flagship-level hardware is matched with Huawei’s leading technology and algorithms, bringing super-sensory spatial sound, smart sound field, privacy sound shield, smart dessert bit, and many other original functions in the industry, so that the sound is more than just listening.

Xiaoyi, the intelligent assistant in the car, has been further upgraded and optimized to become the "strongest brain" of the Wenjie M9. At the same time, Xiaoyi also has unimaginable voice interaction capabilities, and the whole car has six seats without waking up. Xiaoyi can not only identify the identity of each passenger, but also know where they are sitting, respond accurately and provide personalized services.

Leading smart driving control, no restrictions on smart driving

The Wenjie M9 is equipped with the leading generation of Turing intelligent chassis, adopts front and rear multi-link independent suspension, intelligent closed air suspension and CDC variable damping shock absorber as standard in the whole system, and the body height is intelligently adjusted in 5 gears, with both comfort and handling. Based on the HUAWEI iDVP smart car digital platform, through the multi-modal fusion sensing system, HUAWEI DATS dynamic adaptive torque system and HUAWEI xMotion intelligent body collaborative control system, the mechanical quality is maximized with AI and software capabilities, bringing a better driving, safe and comfortable driving experience.

In terms of power, the pure electric model has the highest mass-produced speed motor in the industry at 22000rpm, and the 0-100km/h acceleration time is only 4.3 seconds, which is comparable to supercars; the ultra-low power consumption is only 17.4kWh/100km, bringing users four-wheel drive power and two-wheel drive energy consumption. The extended range model is equipped with a pure electric drive extended range platform 4.0, with an industry-leading 15:1 compression ratio. With the intelligent range extension system, the CLTC has a comprehensive battery life of up to 1362km (42-degree battery)/1402km (52-degree battery), and the pure electric battery life reaches 225km (42-degree battery)/275km (52-degree battery).

Huawei’s industry-leading intelligent vehicle light technology, such as Huawei’s HUAWEI ARHUD head-up display system, HUAWEI XPIXEL megapixel smart projection headlights, etc. HUAWEI ARHUD deeply integrates real scenes with smart driving, and the wide light blanket allows users to drive and meet on narrow roads more safely, and jointly helps smart driving control enter the light age.

Q & J M9 fully upgrades the HUAWEI ADS 2.0 high-end intelligent driving system, equipped with a newly designed 192-line lidar, with more powerful accurate detection and fast response capabilities. Q & J M9 has leading parking capabilities, visible and easy to park, supports custom parking spaces and traced reversing, and brings innovative parking and driving functions, so that there is no anxiety in parking the car from now on.

Leading hardcore security, security is the greatest luxury

Safety is the greatest luxury. In terms of passive safety, the super Xuanwu body adopts the most stringent design standards, and the body aluminum alloy volume accounts for 80%. The whole car is made of 2000MPa nuclear submarine-class thermoformed steel in 12 places, with high-grade batteries, cockpit, privacy and security protection, to escort users every trip.

Based on the powerful capabilities of HUAWEI ADS 2.0, the forward AEB capability of the Q & J M9 is further advanced. The forward stationary vehicle AEB active braking speed supports a maximum of 120km/h, covering human driving and intelligent driving scenarios. Lateral support 40-120km/h active obstacle avoidance, backward support 1-12km/h active braking, greatly reducing the probability of accidents. In addition, the Q & J M9 is also equipped with ESA emergency steering assistance system for the first time. When there is a risk of collision between the vehicle and the target in front, it can automatically control the steering to assist the driver to avoid collisions, bringing safer intelligent avoidance capabilities to users.

    International Online auto channel News: Recently, following the merger of Geely and Volvo’s "official announcement", Geely Automobile announced the new compact SUV Xingyue L under CMA high-end series products to be launched in 2021, which will be equipped with Volvo Drive-E 2.0TD engine — — 2.0TD-T4 EVO and 2.0TD-T5 two Nordic luxury power. This is another "subversive" news brought to the industry by Geely after it announced its name "Xingyue L" at the start of the new year. This new car, which is positioned as a compact SUV and enjoys the reputation of "subversive SUV in China", shows the vitality of everything in early spring.

Geely xingyue l

    It is understood that on the basis of successful cooperation in the past decade, Geely Automobile and Volvo Automobile will play a synergistic role, continue to expand cooperation areas, deepen cooperation in the new four modernizations of automobiles, especially merge powertrain business into a new company in the form of equity merger, focusing on developing a new generation of dual-motor hybrid systems and efficient internal combustion engines, which are of the same origin as the world and fully empower Geely brand models including Xingyue L.

Geely and Volvo merge

    As the flagship SUV model based on CMA super matrix structure jointly developed by Geely Automobile and Volvo Automobile, the 2.0TD engine of Xingyue L is the high-end power product of Volvo Drive-E — — VEP4 inline four-cylinder all-aluminum turbocharged mid-range direct injection gasoline engine takes into account the high performance of luxury cars and the economy and energy saving of A-class SUVs, and completely subverts the product value of strong joint venture brands. The engine is made of all-aluminum and has obvious advantages in light weight, low fuel consumption and NVH. It has won the "Top Ten Engines of Ward" for three years in a row, and has been widely used in Volvo XC90, Volvo S90, Lectra 03, Lectra 03+,Lectra 05 and other models, and its global cumulative sales have exceeded one million. In addition, relying on the intergenerational leading "electronic and electrical architecture", the Drive-E engine has a future-oriented electrification design concept, which also means that the Drive-E engine has more room for intelligent evolution and can continuously create more extreme driving experience for users.

Drive-E 2.0TD engine

    The data shows that the 2.0TD engine of the whole system of Xingyue L has two versions of medium and high power. The medium power version has a maximum power of 160kW and a maximum torque of 325 N m. The transmission system is matched with a 7-speed wet DCT gearbox, and the maximum transmission efficiency can reach 97.2%. This gearbox has high transmission efficiency and strong economy, and is well-known in shifting logic and speed, fuel economy and other aspects. It has shipped over one million vehicles worldwide and its quality is stable and reliable. The high-power version has a maximum power of 175kW and a maximum torque of 350N·m, matching the world-leading Aisin 8AT gearbox. Aisin 8AT gearbox has many advantages, such as high reliability, smooth shifting, light weight, low noise and small vibration. At present, it is mostly used in many ultra-luxury models such as Porsche Cayenne and Volkswagen Touareg, and its market share ranks first in the world. The two sets of power combinations are perfectly matched. After full market verification, the powertrain of Xingyue L far exceeds the mainstream SUVs of strong joint venture brands such as Volkswagen Tiguan L, Honda CR-V and Toyota RAV4 Rongfang in terms of maximum power and maximum torque.

Drive-E 2.0TD engine

    As a Nordic luxury power, this 2.0TD engine is Volvo’s manufacturing standard, luxurious technology, micron factory, world quality, mature and reliable, powerful, efficient and fuel-saving, achieving 2.0T power, with only 1.5T fuel consumption. It also has a unique supercharging mode, with a wide peak torque burst range of 1800~4500 rpm. Because the engine uses a low inertia turbocharger, when the engine speed reaches 1000rpm, the turbine can intervene to eliminate the turbine hysteresis and improve the response speed. The maximum speed of the turbocharger can reach 240000rpm, and the power response is rapid, so that the engine can provide more sufficient power reserve in the middle and high speed range.

    It is worth mentioning that this Drive-E engine is not only mounted on luxury models such as Volvo XC90, but also the only mass-produced product that has been tested by the track and is closest to the racing engine. As the first car under CMA modular architecture — — Lectra 03 was equipped with this engine and won the first "World Champion" of China Automobile in WTCR’s world-class events. It has the same origin with the world and has been tested by the track, which fully verified the reliable quality and ultimate performance of this engine in many aspects.

Geely xingyue l

    Judging from the published product information, the high performance, high intelligence and high value of Xingyue L have become a new emboldened force to subvert the market structure of joint venture SUV. With the merger of Geely and Volvo and the establishment of a new company for the merger of powertrain business, the products of Geely and Volvo will continue to be empowered in the future. Coupled with the advanced technology of CMA Super Matrix, Xingyue L will not only become another "cow" of Geely’s global SUV strategy, but also represent China Auto and mainstream joint venture brands to compete in the SUV market. (Source: Geely Automobile)