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.

CCTV News:At present, rural tourism is favored by more and more people. From hiking and camping, pastoral photography, to parent-child study tours and agricultural research, fancy gameplay not only meets people’s diverse consumption needs, but also injects new momentum into rural revitalization. The Ministry of Culture and Tourism recently announced the list of top ten cases and excellent cases of rural revitalization empowered by culture and tourism. Villages from 10 provinces, municipalities and autonomous regions including Tianjin, Hebei, Heilongjiang, Jiangsu and Shandong have become the top ten cases of rural revitalization empowered by culture and tourism. How can these places shape rural style, folk customs, intangible cultural heritage and other resources into the fulcrum of rural revitalization? During the Qingming holiday just passed, the reporter visited many towns and villages.

Chongqing Jingzhu village: integration of agriculture, culture and tourism to promote rural revitalization

Jingzhu Village is located in the hinterland of Xiannu Mountain, Wulong District, Chongqing. It is rich in natural resources and has a variety of landscapes such as forest sea, meadow, sinkhole and canyon. Tourists come here to enjoy flowers in spring, summer summer, autumn red leaves, and winter snow. During the Qingming holiday this year, many tourists come here every day to watch the clock in.

Grinding, brewing, pulling flowers… After a set of flowing movements, a cup of fragrant coffee is completed. She is Ran Guangfang, a well-known local "country barista". Ran Guangfang, 54, was a local farmer a few years ago.

Ran Guangfang works in a two-story glass building in the village, which is both a coffee bar and a rural library. With training in coffee making skills in the village, Ran Guangfang turned from a farmer to a rural barista.

Ran Guangfang, a villager in Jingzhu Village, Xiannushan Street, Wulong District, Chongqing, has changed a lot in recent years. Our family all work in the village. Except for the rest of the time, we do farm work at home.

The story of rural barista Ran Guangfang is just a microcosm of Wulong District’s promotion of the integrated development of primary, secondary and tertiary industries + tourism. Since embarking on the road of rural tourism development in 2015, the sinkholes, canyons and forest seas previously hidden in the boudoir have become the favored scenery of tourists. The dilapidated pig pens and flue-cured tobacco houses have been artistically transformed into tea shops and libraries for Internet celebrities. Villagers who rely on farming for a living have found 9-to-5 jobs at their doorstep. The development of the tourism industry has not only changed the lives of villagers, but also strung together the hopes and dreams of villagers.

In 2023, Jingzhu Village received more than 550,000 tourists, and the per capita disposable income of the villagers reached 25,110 yuan.

*******cheng, director of the Fairy Mountain Street Office in Wulong District, said that next, it will further promote the active and in-depth integration of primary, secondary and tertiary industries in Jingzhu Village, and introduce more consumption scenarios and application scenarios of agricultural, cultural and tourism integration and innovative development, so that Jingzhu Village will become a wonderland and resort in the hearts of tourists, and strive to create a model place for the modernization of mountainous areas where eco-tourism drives the common prosperity of the countryside.

Yinan, Shandong: Deepening tourism resources and empowering rural revitalization

In recent years, Yinan County, Linyi City, Shandong Province, known as the "hometown of Red Sisters", is an important birthplace of the Yimeng spirit. In recent years, Yinan County has relied on red resources to create a characteristic cultural tourism brand and explore the "Yinan model" of cultural industry empowering rural revitalization.

During the Qingming Festival holiday, at the Red Film and Television Base in Yinan County, the immersive small theater was performing the play "Women’s Salvation Club", which attracted many tourists to stop and clock in. The play tells the story of a group of women comrades who emerged in the old revolutionary base of Yimeng during the Anti-Japanese War. This group is called "Yimeng Red Sisters". The superb acting skills of the actors bring the audience into it, as if they were immersed in the scene.

This kind of immersive small theater is a cultural tourism project innovated by Yinan County relying on local red resources. On the first day of the Qingming holiday, the number of tourists in the scenic spot reached 5,000. Through the development of red tourism industry, it has also found a "breakthrough" for the revitalization of the countryside. This scenic spot is a village called Changshanzhuang. Now the villagers have moved into the new community as a whole, and the old houses have been preserved. Relying on this unique advantage, it has established a tourist area in Shandong Honglao’s hometown that integrates red research, film and television shooting, and leisure tourism. It has undertaken more than 400 red film and television dramas such as "Yimeng" and "Bullfighting".

Gao Yan, head of the marketing activities section of the Yinan County Culture and Tourism Bureau, said that relying on this tourist area, a "four members in one district" cultural tourism Huinong model of "four members in one district" who work as employees in scenic spots, invest in land as members, wear costumes as actors, and sell products as shop assistants has been formed.

According to the characteristics of different villages, the local area fully exploits the advantages of differentiated resources and implements the diversified cultural and tourism formats of "one village, one product". At present, there are 14 tourist attractions in Yinan County, which receive 11.2346 million tourists every year, and the turnover has reached 8.562 billion yuan. Radiation has driven more than 12,000 villagers in 84 villages to increase their per capita income by 20,000 yuan.

Dong Shousheng, director of the Yinan County Culture and Tourism Bureau, said that the integration of culture and tourism is a new engine for our rural revitalization, which can effectively activate the new industry of rural development. Only by actively exploring new ways of the integrated development of culture and tourism can our farmers see more hope for development and enjoy the fruitful fruits brought by rural revitalization.

Beijing News Shell Financial News (reporter, Bai Jinlei) Tencent Holdings (00700.HK) in the second quarter of 2023 financial report shows that the company achieved revenue of 149.208 billion yuan, an increase of 11% year-on-year, down 1% month-on-month; net profit (Non-IFRS) 37.548 billion yuan, an increase of 33% year-on-year, up 15% month-on-month. Tencent Holdings revenue has maintained growth for two consecutive quarters, and net profit growth has exceeded revenue for four consecutive quarters.

Value-added services, online advertising, fintech and Enterprise Services, and others are the four main businesses of Tencent Holdings. These four businesses accounted for 53%, 14%, 32% and 1% of revenue respectively in the quarter. Specifically, revenue from value-added services was 74.211 billion yuan, an increase of 50% year-on-year; revenue from online advertising was 25.003 billion yuan, an increase of 17% year-on-year; revenue from fintech and Enterprise Services was 48.635 billion yuan, an increase of 32% year-on-year. Value-added services, including games and memberships, contributed more than half of revenue and led other businesses in growth.

Editor, Yue Cai Zhou

Proofreading, Lucie

　　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 "Galaxy Offensive" is playing out strongly in China’s electric hybrid market.

On May 31st, after Geely Galaxy L7 was listed at the "shock price" of 138,700 – 173,700, on June 5th, Geely Galaxy welcomed the full opening of "100 cities and 100 stores". From the comprehensive refresh of products to services, Geely’s all-round "Galaxy Offensive" without dead ends has brought a strong "Galaxy Shock" to the Chinese electric hybrid market.

"We’re going to do the hard and right thing."

This is a sentence that was repeatedly emphasized in media interviews by Fan Junyi, general manager of Geely Automobile Sales Company, and Yi Xinyu, executive vice president of Geely Brand Research Institute of Geely Automobile Group, after the listing of Geely Galaxy L7 on May 31.

As far as the Galaxy L7 model is concerned, it is indeed "difficult and correct". Its "difficult" lies in the high standards in vehicle manufacturing, as well as the timing and pricing of entering the market. However, these "difficulties" also make the Galaxy L7 "incomparably correct".

Let’s talk about the price first, the official guide price of Geely Galaxy L7 is 138,700 – 173,700, if used with "2,000 yuan to 6,000 yuan expansion gift", the price can even be as low as 134,700 – 169,700.

Giving such a "bottom fishing" price is really difficult for Geely. After all, the ultra-high product power of the Galaxy L7 is visible to the naked eye. Its entire system is equipped with "Raytheon Electric Hybrid 8848", the new "Galaxy NOS", and Qualcomm Snapdragon 8155 car chips… These standard features make this pricing almost unprofitable.

Of course, this price is not only "difficult" for Geely itself, but also makes the competition in the entire hybrid car market segment more difficult.

Don’t forget, Galaxy L7 in this market segment, with the guide price 135,800 – 165,800 BYD Song Pro DM-i and the guide price 139,800 – 156,800 Haval Xiaolong these two direct competitors. Fan Junyi admitted that until the day before the listing to finalize the price strategy fully considered the future competitors may "fight back".

In the eyes of Kung Fu Automobile, behind the "bold" pricing of Geely Galaxy L7, what is needed is to "come first" in the electric hybrid market, and at the same time, it is also a concentrated embodiment of implementing its own "value war".

As Fan Junyi said"Galaxy L7 is determined to become the first camp of domestic electric hybrid SUVs."

(1) "High-value" product strength is the core competitiveness

Those who are familiar with Geely must know that in many sub-sectors in the past, Geely was "late mover" most of the time, but Geely was able to "come later and come first" most of the time. Geely’s secret is to create high-value products that users can perceive.

From the early Emgrand, to Borui and Boyue in the 3.0 era, and then to the "China Star" in the 4.0 era. Today, as the first model of the new series, the Galaxy L7 is still the same. Including "Thor Electric Hybrid 8848", "Pamper Co-pilot", "Qualcomm Snapdragon 8155" and so on, basically most of the technologies and configurations we can hear at the Galaxy brand launch can be seen in this Galaxy L7 starting at less than 140,000.

When asked what it is better than its direct competitors, Fan Junyi said that Geely will not take the initiative to attack others, but will only talk about its own good side. He believes that as long as these are clarified, consumers will naturally pay.

"What kind of things can make consumers pay, I want to talk about a few points:

First, in terms of super electric mixtures, only Geely has three gears on the market at present;

Second, in terms of safety, acupuncture is only the entry standard for SHIELD batteries. In addition to acupuncture, whether you pack a whole package or assemble it into a whole vehicle, this set of safety system standards is Geely’s confidence;

Third, the smart cockpit is equipped with a flagship 8155 chip + Galaxy N OS system as standard, which not only provides a smooth interactive experience, but also supports global customization.

Fourth, enjoy the experience, the only electric hybrid SUV in the same class equipped with "pet co-pilot". They don’t have any of the points I just mentioned. "Fan Junyi said.

In the eyes of Kung Fu Motors, Geely has never been stingy in affirming the value of the Galaxy L7. Whether at the press conference or in official materials, Geely has repeatedly mentioned that the Galaxy L7 is currently the safest electric hybrid SUV, and it is also the only product on the market that maximizes the advantages of plug-in hybrid SUVs.

But to achieve the ultimate product experience, it is easy to say, but very difficult to do. Take the safety of power batteries as an example, Galaxy L7 has passed various extreme tests to perfectly demonstrate the characteristics of Aegis batteries. For example, the battery acupuncture experiment that friendly brands are very much looking at is just the beginning on Aegis batteries.

In addition, Aegis batteries have also undergone various tests that far exceed industry standards. For example, seawater immersion tests, external fire tests, etc., Aegis batteries are tested to standards that far exceed national regulations.

"We went to the most authoritative crash testing agency in China, the China Automotive Research and Automotive Safety Technology Center, to conduct four vehicle-level battery safety tests, and successfully passed the vehicle speed 40km/h forward scraping bottom, the vehicle speed 7km/h rear scraping bottom, the vehicle 20km/h negative impact and the vehicle bottom support four vehicle-level battery safety tests." Fan Junyi said that in the process of communicating with users, Geely found that many scraping bottom can cause new energy vehicles to overheat.

"In the era of fuel vehicles, there are many criteria for judging a good car, such as driving control, power, chassis, acceleration, etc. In the era of new energy, where are the criteria for judging a good car? There is no standard answer in the industry. Geely Galaxy’s requirements for itself are to achieve the ultimate in battery safety, power performance, comfort configuration and intelligent enjoyment!" Fan Junyi said.

(2) The "car builder" revolves around the user

Looking at the ultimate product strength of the Galaxy L7, it is not difficult to find a detail, that is, whether it is the test of the Aegis battery or the various configurations of the Galaxy L7, it is inseparable from the four words "user communication".

Yi Xinyu believes that:"The word’car builder ‘is the highest name in the automotive industry. In fact, a car builder is to do the difficult and correct thing and revolve around the user."

In fact, before the launch of the Galaxy L7, Fan Junyi personally led the sales team to visit many cities across the country to conduct user research: "From the development of colors, the selection of configurations, to the locking of interior colors, and the final pricing, we have all referred to user suggestions."

Fan Junyi said that in terms of safety and quality, the reason why Geely dares to say that the Galaxy L7 has reached the industry benchmark is because Geely itself has the four hard core strengths of "car builders". The first is the strict control of first-class quality; the second is the perfect intelligent manufacturing system; the third is the strong technical reserve and research and development heritage; and the fourth is the in-depth understanding of users and the market.

In this context, Geely relies on the four hardcore strengths of the "car builder" to create a "new generation" user experience in four aspects of the Galaxy L7. In Fan Junyi’s words, it can be summed up as: a new generation of safety standards, a new generation of super hybrid, a new generation of smart cockpit and a new generation of comfortable experience.

"What we want to do is to popularize the super electric hybrid smart SUV. Since it is a popularizer, I will definitely come with sincerity."Fan Junyi believes that the ultimate product experience brings users high user value, and this is the "difficult and correct thing".

According to the plan, Geely Galaxy, which specializes in high-value new energy product series, plans to launch a number of products in the second half of this year. The Galaxy series will open up a new situation for Geely in the new energy battlefield.

Fan Junyi said that Galaxy focuses on high-value new energy vehicles. It is divided into "intelligent electric hybrid L series" and "intelligent pure electric E series", focusing on the most mainstream new energy market of 20-300,000, and aims to become the benchmark of various market segments.

Fan Junyi also revealed that in the second half of this year, Galaxy has two more products on the market, among which the electric hybrid product is the sedan L6, and the L6 has its own characteristics, is a high-value product, and is also highly intelligent. The third product is the E8, and the prototype car is Galaxy Light, which will be launched in the fourth quarter of this year.

"So in the second half of this year, the Galaxy series has an electric hybrid SUV, an electric hybrid car, and a mid-to-high-end pure electric product. The future of the entire Galaxy is promising, and the sales volume is predictable. It can also drive the proportion of the entire Geely new energy to increase, and drive the entire Geely system to be completely new and take a solid step." Fan Junyi said.

In addition to the formation of the "Galaxy Fleet" at the product level, the "Geely Galaxy 100 Cities 100 Stores" that have just opened one after another will also accelerate the transformation and upgrading of the user experience and after-sales services of new energy products. In terms of the number of channels, Geely Galaxy has planned 650 to 700 across the country. At present, nearly 200 have been formed and completed. By the end of June, there will be nearly 400, 200 experience stores, and 200 display spaces.

"The future price war must not be the final way out, it must be a value war, an experience war, and a service war. When we say comprehensive innovation, we not only mean the comprehensive innovation of Geely manufacturers, but also drive Geely dealers to carry out comprehensive innovation. The improvement of user experience is the core competitiveness of the future."Fan Junyi said that with the refresh of user experience as the center, Geely Galaxy will comprehensively innovate in channel management and operation, and make user satisfaction the standard of Geely Galaxy with "a new generation of channel ecology, a new generation of service standards, and a new generation of user experience"!

(3) Kung Fu shooting

It’s hard to give users high-value products that "want, want, and want" at a starting price of less than 140,000. But Geely Galaxy, which has plunged into the "narrow gate", has done it. This is the right thing, so that Geely, the latecomer of the electric hybrid track, has the voice over the rules.

As Fan Junyi said, "What Geely has to do is to accomplish the whole task at one stroke on the road of new energy, take the most difficult road, do the most correct thing, and become the best choice for users."

(Text/Zhang Jiadong, Editor/Ma Yuanyuan)

Hengda, the real estate leader at its peak, has suddenly encountered "Waterloo" after the real estate industry was cold last year. As of September this year, 38 of Hengda’s 706 guaranteed real estate projects across the country have not resumed work.

Although Evergrande recently announced that the hearing of its liquidation petition will be postponed until November 2022, the market and Evergrande need good news.

According to Hengda’s official information, on September 16, Hengchi 5, the first model of Hengchi Automobile, was officially mass-produced at the Tianjin factory and began offline delivery in October.

In early 2019, in response to the rising tide of new energy in China, Hengda began to lay out the new energy automobile industry. But at the beginning of its establishment, Hengchi Automobile did not go well. According to the 2020 financial report, "Hengda Automobile", which was renamed from "Hengda Health", had revenue of 15.487 billion yuan that year, but of which revenue such as health care and medical beauty accounted for nearly 99%. New energy vehicle services such as lithium battery sales, technical services, and auto component sales contributed only 1%.

This data is completely different from Hengda’s investment in the new energy automobile industry. According to the management of Hengchi Automobile, as of March 2021, the company’s cumulative investment in the new energy automobile industry has exceeded 47.40 billion yuan. However, Hengchi Automobile has always attributed the company’s losses to the fact that it has not yet entered the mass production delivery period, so it cannot recover the upfront investment cost.

In August 2020, Hengchi released six products at one time, covering all levels from A to D, across the coupe, sedan, SUV, MPV, crossover and other market segments, and simultaneously announced its own layout in power batteries, electric drive systems, intelligent networking and autonomous driving.

Entering 2021, Hengda’s car manufacturing business began to accelerate. In February, Hengchi conducted a three-week winter calibration test in Yakeshi, Hulunbuir, and three new models of Hengchi 7, Hengchi 8, and Hengchi 9 were officially released. In March, Hengchi Automobile announced the establishment of a joint venture with Tencent to jointly develop an in-vehicle intelligent operating system with independent intellectual property rights. On March 25, Hengchi Automobile joined hands with Tencent and Baidu to jointly build the H-SMART OS Hengchi Intelligent Networking System, which took one year and 11 months to develop.

In order to make up for its own gap in the automotive industry, Hengchi Automobile has introduced more than 2,000 international top scientific research talents in three years, established the Global Research Institute and the Global Battery Research Institute. Adopting a global integrated research and development model, introducing international advanced technologies, and working with world-class leaders such as Magna and EDAC to jointly develop models.

If it weren’t for the sudden "rout" in the real estate market, Hengchi Automobile should have started its own marketization road earlier. However, it is precisely because of the collapse of the pillar industry that Hengchi Automobile, as the group’s largest investment in recent years and the project closest to marketization, has been regarded by the outside world as the biggest blood bag for Evergrande to stop losses and recover.

Hengchi 5 Single Rider Savior

In January this year, Hengchi Automobile announced that the first car of Hengchi 5 was officially launched, 12 days earlier than originally planned, becoming the first model of Hengchi Automobile to go into mass production. Half a year later, under the pressure of a broken capital chain, Hengchi Automobile officially announced the news of the pre-sale of Hengchi 5 and began to enter the market.

Now that the mass production of Hengchi 5 is offline in the Tianjin factory, it not only breaks the rumors that the Tianjin factory is shut down, but also pushes Hengchi further into the "examination room".

From full category coverage to three years of sharpening a sword, the birth of Hengchi 5 was accompanied by Hengda’s helplessness in the capital chain, but it also demonstrated Hengda’s emphasis on new energy vehicles.

Three years ago, when Xu Jiayin stepped into the automotive industry from real estate as a "little white", few people were optimistic about the future of Hengchi Automobile. Even if it took only one year to bring six concept cars to the stage, the industry still put words such as lack of heritage and sloppiness on the head of Hengchi Automobile.

However, when Hengchi 5 opened the pre-sale, the car circle has undergone a 180 ° change in the wind evaluation of this car. The pre-sale price of 179,000 yuan; the CLTC comprehensive battery life of 602km; the personalized intelligent cockpit design; the L2 + level intelligent driver assistance system; and the blessing of global leading suppliers such as Magna, EDAK, Bosch, etc., accurately cut into the pure electric SUV market positioning and product performance within 200,000 yuan, all showing the determination of Hengchi Automobile to fire the first shot.

After watching the movie "Changan Fighting Demons", some audience members exclaimed: "My God! My youth is back! Why are so many familiar faces and old faces appearing one by one." The main content of the movie’s story is what the title tells everyone – in Changan City, Changan goes to fend off demons. Li Changan, the little chef who accidentally got the artifact, finally saved the people of Changan City after continuous struggle and test.

The actor who plays the male lead, Li Changan, is the actor Bao Jianfeng, whom the audience has not seen for a long time. Speaking of this handsome and handsome actor, it is rare that he has ever starred in any film and television dramas. Previously, he has also starred in many classics that impressed many audiences in their childhood, such as "The Supreme Beauty" and "See Another Curtain of Dreams". Although he only starred as the second male in these dramas, his appearance has always been very online, which does not prevent him from becoming one of the childhood memories of the audience.

There is also Sun Yaowei, who played the villain, who was once recognized by the Hong Kong media as one of the four little kings. "Oolong Breaking Through Love" and "Princess Huaiyu" are also precious childhood memories for many people. In addition, there are veteran actors such as Luo Jiaying and Wu Mengda, who do not need to list their works. As soon as they see their faces, the audience will understand them all.

This made one wonder why this movie attracted so many veteran actors.

The first reason is that one of the directors of this film is Li Lichi, who has worked with Zhou Xingchi many times. His films such as "King of Comedy", "God of Cookery", "Shaolin Football", "Tang Bohu Dian Qiuxiang" and "Domestic Lingling Paint" are all well received and well received. Therefore, we are not at all surprised that there are supporting roles in Chow Xingchi’s previous films, such as Wu Mengda’s appearance.

Secondly, it is because the characters in the script can attract them and make them feel that the role is tailor-made for them, or that the role is an experience they have never had before, that they are willing to play.

Take the nearly 70-year-old Wu Mengda, Uncle Da, for example, the character he plays is willing to self-destruct his cultivation for the common people in the end, thus saving the world. Such a profound sense of human nature cannot be easily brought to the audience, but only Uncle Da plays, the audience can feel full of true feelings. When Wu Mengda appears in the movie, it is still what we remember. It seems that he is an old demon suppressor with profound Taoism, who has "exquisite" words and deeds, and eating a shabu meat hot pot is also different, but occasionally he will drop the chain, resulting in a series of laughs, and finally played a decisive role at a critical moment. Although it is Wu Mengda’s usual routine and setting, it still reminds the audience of the memories of that year. Sure enough, a classic is a classic, and only Uncle Da can bring us this feeling.

Of course, in addition to the supporting role blessed by Wu Mengda, which brought the audience a sincere humanity, this movie is a rare plot in which the protagonist hangs up at the end. The heroine committed suicide for love, sacrificed herself, and sacrificed everything for peace. The movie goes smoothly, and the protagonist sacrifices himself naturally as the plot develops. Compared with the cheap means of forcibly earning tears, it reflects the depth of human nature that the screenwriter pays attention to when polishing the script.

Li Changan, the male protagonist who can make the heroine willing to sacrifice himself for love, is an ordinary little chef. For love, he became a demon suppressor under various coincidences, and wanted to prove himself. Such characters can be seen everywhere in the Jin Yong film and television dramas we have seen before. The little character wears the protagonist’s halo, takes the golden finger, and has been hanging all the way since then, constantly upgrading and fighting monsters, and finally laying down the boss, marrying Bai Fumei, and reaching the peak of life. Although such stories are old-fashioned, but in good conscience, the audience sometimes likes such stories. After all, the Chinese New Year is approaching, and no one wants to add blockages to their hearts. This is the plot that everyone likes to hear.

Moreover, this did not mean that the male protagonist was really useless, relying entirely on the protagonist’s aura. In fact, many times the male protagonist’s meticulous intelligence was hidden in every corner of the plot, laying the groundwork for his future success, and it would not make people feel that he could become the "only" to save the world.

For many audiences, some old actors are indeed no longer seen. Now that they can come out and make a new movie, it is nothing more than allowing them to meet the characters and books that really suit them, so that they have the opportunity to show their faces. Therefore, audiences who want to relive their old dreams can try to see if this movie can still bring back the feeling they once remembered. Text/Moon Arc

　　() F10 data shows that on August 24, 2022 () the main points of the theme have been updated and adjusted:

　　Proposed increase of $1.169 billion to Avita

　　In August 2022, in order to enhance its core competitiveness, strengthen the coordination of industrial chain resources, and accelerate the development of intelligent electric vehicle (SEV) business, Avita Technology, an associate of the company, introduced investors in the Chongqing United Equity Exchange by way of public listing and expansion. Six investors were finally identified. The original shareholders of Avita Technology, Southern Industrial Fund, (), Fujian Mindong, Jiangxi Securities, Chongqing Cheng’an, and NIO waived the right of first refusal. Avita Technology has signed relevant strategic cooperation agreements with the above-mentioned new investors, and plans to carry out strategic cooperation in the fields of sales network support, chip supply guarantee and visual image perception, and intelligent cockpit development to further strengthen the advantages of industrial chain resources. Avita Technology plans to increase its registered capital by 472,241,200 yuan, and Changan Automobile plans to increase its capital by 116,900 yuan. After the completion of this capital increase, the proportion of Avita Technology’s shares held by the company will increase from 39.02% to 40.99%. It is still a joint venture of the company and will continue to be accounted for using the equity method. Based on the financial data of Avita Technology on March 31, 2022, this transaction is expected to reduce the company’s capital reserve by about 100 million yuan, which will not affect the company’s profit and loss.

　　High-end intelligent electric vehicle brand

　　The LUMIN released by the company interprets the new generation of "national boutique scooter" through good-looking appearance, safe configuration and comfortable driving experience. The upcoming C385 is the first mass-produced model of Changan’s new pure electric platform. It realizes soft and hard coupling with forward-looking styling and intelligent technology to meet the needs of users in all scenarios. The company and its partners join hands to deepen cooperation and win-win future, and join hands with Huawei and Ningde Times to release a new high-end intelligent electric vehicle brand – Avita, debuting the first model Avita 11. In 2022, Changan high-end brand Avita will launch the first high-end intelligent electric SUV, dedicated to meeting the needs of automobile consumption upgrade and promoting the transformation of intelligent electric vehicles. It will create leading products from six aspects: styling design, battery life and performance, fast charging, intelligent driving, emotional intelligence and smart ecology.

　　UNI series, CS series new products

　　In 2022, the company released three products of the UNI series. The UNI-V has restored the concept design of the coupe, equipped with the unique electric rear wing of the same class, electric hatchback door, large-size sports tires, and equipped with a new UNI smart driving cabin, high-level intelligent driver assistance system and APA6.0 remote intelligent parking. It aims to give users a unique sense of advanced sports and future technology, redefining "DREAMCAR for young people". The listed UNI-KiDD is the company’s first mass-produced model equipped with the Blue Whale iDD hybrid system. Under NEDC conditions, the pure electric cruising range is 130 kilometers, and it is also equipped with a wealth of intelligent technology configurations to meet the needs of users in a variety of vehicle scenarios. In the second half of the year, another hybrid model will be launched to deepen the hybrid market segment, strengthen its occupation, and accelerate the transition to electrification and electrification. The company’s listed second-generation CS75PLUS is equipped with a new generation of Blue Whale engines, all Aisin 8AT, and is equipped with intelligent W-HUD, IMS intelligent interaction system, APA5.0 remote control valet parking system, IACC full-speed intelligent cruise system, 12.3-inch dual screen and other fully upgraded tomorrow’s intelligence, bringing strong power experience and intelligent travel companionship, dedicated to meeting users’ core demands for compact SUVs. It is expected that two CS series models will be launched in the second half of 2022, which will be continuously optimized through internal and external accessories, performance improvement and intelligent technology configuration upgrades to enhance product competitiveness.

　　The subsidiary plans to introduce capital increase entities such as Ningde Times

　　In November 2021, Avita Technology, a subsidiary of the company, took the asset appraisal report as the basis for pricing, and introduced Ningde Times, Fujian Mindong, Chongqing Chengan, two Jiangxi certificates, Southern Assets, and Southern Industrial Fund as the investment entities of this capital increase and share expansion to participate in the capital increase, and Changan Automobile participated in the capital increase by non-public agreement. The capital increase and share expansion will be carried out in cash, and Changan Automobile plans to increase its capital by 50 million yuan (waiving the right to increase the capital in the same proportion). CATL plans to increase its capital by 769.6 million yuan. After the completion of this capital increase, the registered capital of Avita Technology Company will increase from 288 million yuan to 117,222.26 million yuan. Changan Automobile’s shareholding ratio will be diluted from 95.38% to 39.02%. CATL holds 23.99%. Fujian Mindong holds 5.00%. Chongqing Chengan holds 19.01%. Two Jiangxi Securities hold 1.87%. Southern Assets holds 8.73%. Southern Industrial Fund holds 1.25%. Nio Co., Ltd. (referred to as "NIO") did not participate in the capital increase, and the shareholding ratio will be diluted from 4.62% to 1.13%. Avita Technology Company is committed to building China’s independent high-end national brand and realizing its industrialization. In order to enhance development vitality, improve operational efficiency, accelerate the integration of new energy vehicle industry chain resources, and continuously expand the development space of the industry chain, this capital increase and share expansion involves the introduction of external resources for equity diversification reform, and ultimately realizes the smooth transformation of Avita Technology Company.

　　Smart driving and vehicles to everything

　　The company continues to build intelligent products with leading performance, and the "Beidou Tianshu" plan has been effectively implemented. In 2021, the APA 6.0 remote intelligent parking system will be released, which supports automatic location finding within a range of 30m, remote parking is controlled through mobile phones, and the parking accuracy of small parking spaces has reached the industry’s leading level. Mass-produced AR navigation, four-screen linkage, gesture control, track mode, intelligent welcome and escort, and more than ten industry-leading smart cockpit and intelligent vehicle control functions will bring users an excellent car experience. At the same time, Changan accelerated the construction of intelligent core capabilities of "core device map nuclear cloud network day", established a forward-looking technology research institute to carry out cutting-edge technology research such as chip design, crowdsourced maps, artificial intelligence, etc., and built a Changan automobile intelligent computing center to support intelligent driving and vehicle to everything services. On this basis, the first Changan Automotive Science and Technology Ecological Conference was held, and together with industry partners, the next generation of intelligent vehicle super digital platform SDA will be the first to realize the service-oriented central ring network architecture in 2023.

　　Cooperate with Huawei, Ningde Times, etc. to build smart car brands

　　On November 14, 2020, the company released the "Changan Changan – Changan Automobile Brand Day" activity on the CCTV financial channel. Changan Automobile, Huawei, and Ningde Times announced that they would jointly build a high-end smart car brand and publicly release the intelligent architecture "Ark Architecture" for the first time.

　　Intelligent innovation

　　Changan Automobile has released its intelligent strategy – "Beidou Tianshu" plan, which aims to transform from a traditional automobile manufacturing enterprise to an intelligent travel technology company. With the "4 1" action plan as the driving force, it has opened a new chapter in the transformation of Changan Automobile. Cooperate with Tencent, Huawei, (), etc., to build an intelligent automobile industry alliance. The new CS75 is launched with APA4.0, achieving the first mass production of L2-level intelligent driving in China; the L3-level limited autonomous driving technology has been engineered and entered mass production development. 55 new CS55s are equipped with L3-level autonomous driving technology, completing the world’s "largest autonomous vehicle cruise" and successfully challenging the Guinness World Record. L4-level autonomous driving has achieved the first demonstration operation in China and is in the leading position in the industry.

　　Entering the automotive aftermarket

　　Chongqing Changan Automobile joint stock company, Jilin Province Long-term Industrial Group Co., Ltd., and Nanjing Runli Automotive Parts Co., Ltd. have jointly signed the second brand spare parts joint venture cooperation agreement to establish a new joint venture company. The joint venture company will bring together the superior resources of brands, customers, supply chain, logistics and distribution channels, and provide quality and cost-effective second brand spare parts products and services to long-aged car owners in a market-oriented mechanism to build an automotive service platform and officially enter the automotive aftermarket.

　　Established a shared travel company with Tencent, Alibaba, etc

　　The company signed an agreement in Nanjing to jointly invest and establish a Nanjing Linkage Equity Investment Partnership (Limited Partnership) (tentative name, final name shall be subject to the name approved by the Industrial and Commercial Registration Authority, hereinafter referred to as "Linkage Partnership" or "Partnership") with Ning, FAW, Dongfeng, Tencent, Segali, Ali, Wuxi Feiye, Rongxun, Nanjing Hengchuang and Nanjing Linkage Bank, with a total share of 9.76 billion yuan. Among them, Changan Automobile subscribed 1.60 billion yuan. This partnership only invests in travel companies and does not engage in other businesses. The travel company is jointly funded by the three major central enterprise automobile groups and the leading companies in the Internet, finance, retail and other industries. The project aims to create a networked and shared "smart travel new ecology", providing the public with high-quality, high-safety, high-efficiency travel and a more pleasant lifestyle as the starting point, and is committed to becoming the most trusted travel service enterprise in China. While helping Changan Automobile cultivate new kinetic energy and explore new models, the travel company also plays a positive role in stimulating the traditional vehicle business. It will enrich and improve the Changan automobile ecosystem, enhance Product Research & Development, improve the brand power of Changan Automobile, and help Changan Automobile transform and develop.

　　Intelligent technology, new energy technology

　　Enhanced intelligent labels, APA5.0 with CS75PLUS launched in China, and L4-level autonomous driving based on 5G was put into demonstration operation, becoming the first Chinese brand. The first WeChat car version appeared at the Smart Expo, and joined hands with Tencent to create the "strongest cross-border CP". After 8 years, the global R & D center with a total investment of 4.30 billion was officially put into use, marking the official arrival of the R & D 4.0 era of "open sharing and global collaboration". Significant progress has been made in the financing and development of new energy, and the capital increase and mixed reform of new energy technology companies have been completed. Fuel cell vehicles appeared at the Smart Expo. Release with completely independent intellectual property rights, international first-class, domestic pioneering high-tech products – Changan smart core, fuel cell, battery safety and other core technologies have achieved phased results, new energy technology company UK hydrogen fuel cell technology innovation center inaugurated, the future will focus on hydrogen fuel cell vehicle power system integration and control technology, is building a fuel cell power system platform, new energy products are increasingly abundant, pure electric SUVE-Pro surprise listing, E-Rock debuted at the Guangzhou Auto Show.

　　Intelligent Low Carbon Travel Technology Company

　　The company’s main business covers the R & D, manufacturing and sales of complete vehicles (including passenger cars, commercial vehicles) and the R & D and production of engines. At the same time, the company actively develops new businesses such as mobile travel, automobile life services, new marketing, and power exchange services, and accelerates the exploration of industrial finance, used cars, and other fields, in order to build a more comprehensive industrial ecology and transform into an intelligent low-carbon travel technology company. The company always adheres to the mission of "leading automobile civilization for the benefit of human life", adhering to the concept of "energy conservation, environmental protection, and technological intelligence", vigorously develops new energy and intelligent vehicles, and is committed to leading automobile civilization with technological innovation, and strives to provide customers with high-quality products and services. After years of development, the company now owns Changan Automobile, Auchan Automobile, Kacheng Automobile and other independent car brands, and produces and sells joint venture brand models through joint ventures Changan Ford and Changan Mazda. It has launched a series of classic independent brand models including CS series, Yidong series, UNI, Auchan series, Shenqi series, etc. The joint venture has a new Focus, Forrest, Ruiji, Explorer, Adventurer, Aviator, Onxella, CX-5, CX-30 and other well-known products. At the same time, it has created Yidong EV, Benben E-star, CS55E-Rock and other new energy models, which are well received by the market and consumers.

Although there are frequent new forces in the car industry, the brand created by Sailis hand in hand with Huawei, the world’s leading intelligent end point provider, is still a special presence in the field of new forces, so that today, people are still talking about the bold attempts of both partners and the various performances of AITO in the field of intelligence after asking the world.

After the launch of AITO, it launched "Accelerate Run", and successively released three smart cars, the M5, the M7, and the M5 pure electric version, which achieved a good reputation. According to the survey, AITO has performed well in the quality rankings of new energy medium and large SUVs in the first half of 2023, and the AITO M7 has been highly recommended by many car owners due to its good performance. In May this year, AITO’s 100th complete vehicle rolled off the assembly line, which means that the brand achieved a breakthrough from 0 to 1 in only 15 months. "This represents the recognition and trust of users in us, and also verifies the success of the smart car model." Huawei managing director, end point BG CEO, intelligent car solutions BU CEO Yu Chengdong said.

"Speed up and run" is still going on, and AITO has continued to "intelligentize" the world. On September 12, AITO asked the world to officially launch the new M7. This new car priced at 249,800 – 329,800 yuan has been upgraded in terms of intelligence, among which intelligent driving and intelligent cockpit are especially worth mentioning. AITO asked the world to call them "Double Intelligence".

AITO’s new M7 Max smart driving version is equipped with HUAWEI ADS 2.0 high-end intelligent driving system, which is equipped with 27 sensing hardware around the vehicle, combined with high-performance computing platform and Huawei’s self-developed anthropomorphic algorithm, can achieve full-scene, all-weather, and large-scale perception of dynamic and static targets.

The 27 sensing hardware includes 1 overhead lidar, 3 millimeter-wave radars, 12 ultrasonic radars and 11 high definition visual perception cameras, which are equivalent to the 27 "eyes" of the new M7, which can achieve all-round observation of road conditions without dead ends and 99% fine identification of obstacles. In the product evaluation, rows of cones, stationary water horses, mounds of debris, fallen trees on the roadside, and gravel falling from the mountain are all included in the evaluation range, and they cannot escape the "eyes" of the new M7 by AITO. Not only that, the new car can also recognize foreign-shaped objects passing through the obstacle list, with a recognition rate of 99.9%.

Recognition is not the goal, reasoning through recognition, rapid decision-making, rapid response, and saving danger are the goals. After accurately identifying the behavior of surrounding traffic participants, the "fully armed" AITO Wenjie New M7 can achieve high-level intelligent driving with safety, comfort, and efficiency, which of course includes urban sections and high-speed sections during peak traffic periods; new cars can find parking spaces without self-learning, and park into parking spaces autonomously, truly achieving "visible and parking"; Sentinel mode detects potential dangers nearby, and the system will issue an alarm and record a video…

AITO asked the world that the new M7 is intelligent inside and outside, not only has "clairvoyant" and "downwind ear", but also has a strong "inner", and their equipment makes the title of "double intelligence" more appropriate.

The new AITO M7 is equipped with Hongmeng Smart Cockpit 3.0, which can switch between the mobile phone screen and the car screen freely, allowing drivers to feel the magic of space jumping. For example, before boarding the car, you are playing games, listening to music, swiping dramas, and entering the cockpit. Just touch the connection, you can continue to feel the experience through the large screen in the car. The new car can also realize multi-finger touch to zoom arbitrarily, freely switch tasks, one-click access to the super desktop, and multi-functions are immediately displayed. Experiencers have commented that it is as smooth as the Huawei Mate 60 Pro mobile phone.

Intelligent not only gives the new car a smooth and smooth experience, but also realizes many other functions. For example, the AITO Qinjie new M7 in-car navigation supports offline map voice navigation, and the recognition rate of offline map voice navigation can reach 99%. For example, the AITO Qinjie new M7 can help owners who "park and forget" to find a car accurately through the APP. For example, the one-click reservation reserve car equipped in the cockpit can quickly help drivers and passengers adjust the temperature and air in the car through "memory", and reduce the sound in the car through "soft instructions", making the car as comfortable and quiet as a quiet forest.

Safety is always a topic of concern for drivers and passengers. While creating physical safety, AITO is also using its intelligent advantages to "double blessing" the active and passive safety of vehicles.

In terms of physical safety, the new AITO M7 adopts a cage-type body design structure. The whole body of submarine-grade thermoformed steel accounts for 24.4%, and can withstand 17 tons of weight per square centimeter. The threshold beam of the vehicle is filled with aluminum profiles to increase the "bone density" of the vehicle, and they also protect the battery cells and battery modules of the vehicle body. The new car is equipped with 8 airbags, and it is also equipped with front double preload seat belts.

In terms of intelligent "secondary blessing", the new car can support the low-speed driving scenarios of the vehicle forward and backward by expanding the AEB emergency braking function in the active safety system, covering the rolling scene, and realizing low-speed emergency braking; in the case of reversing, it can identify the collision risk including children, anti-collision columns, cones, etc. The multi-sensor fusion sensing system of the AITO Interview New M7 can realize the longest detection distance of 200m, and the maximum horizontal detection angle can reach 120 °, which increases the vehicle’s anticipation of dangerous situations. The AITO Interview New M7 can increase the maximum braking speed to 90km/h through AEB automatic emergency braking, which can reduce the safety accidents caused by inattention and complex road conditions caused by nine causes. In the tunnel section, AITO’s new M7 can respond quickly through a fully integrated sensing scheme and lidar, enabling emergency avoidance in the event of abnormal weather or rockfalls in mountainous areas.

The highlights of AITO’s new M7 are far more than that. More highlights need to be felt by drivers and passengers. Its 249,800 – 329,800 yuan price is also very friendly to consumers. It hopes to truly target the majority of Chinese household users and become a high-intelligence and cost-effective product that replaces "brand premium" with "intelligent equal rights".

Looking forward to the launch performance of AITO’s new M7, and looking forward to more users being able to experience the new driving experience brought by its high-tech. (Yang Yang)

On July 20th, singer Hua Chenyu appeared in Shanghai to unveil his wax figure at Madame Tussauds Shanghai.

On the day of the event, Hua Chenyu celebrated the 8th anniversary of his debut with fans, listened to the fans’ hearts and thanked the fans for accompanying him all the way. At the same time, Shanghai Dusha also created a month-long "Mars Philharmonic Carnival" pop-up band on the stage of the music district.

The wax figure of Hua Chenyu replicates the shape of Hua Chenyu at the concert through gorgeous performance costumes, domineering expressions, and passionate singing with a microphone in hand.

Speaking about the styling of his wax figure this time, Hua Chenyu admitted that the action on his wax figure was selected from his concert. "The concert is a very free stage, and my state is also the most relaxed, comfortable and natural. The shape of the concert is more like myself, more free, and I hope the fans will feel at home when they see it."

At the scene, Hua Chenyu interacted closely with his wax figure, posed in various handsome poses, and held himself intimately. At the press conference, Hua Chenyu, who played musical instruments, was also very cool. Hua Chenyu also said more than once that what he wanted to do most was to hold a concert.

When it comes to his wish for the second half of the year, Hua Chenyu said: "Seeing the enthusiastic support of fans, I hope to hold a concert this year." Speaking of his wax figure, Hua Chenyu thinks the wax figure is very realistic, like himself, and also assigns a small task to his fans to ask everyone to name his wax figure.