On the evening of December 16, the first mainstream pure electric sedan "Geely Galaxy E8" based on the SEA architecture officially opened for pre-sale at the 2023 Geely Automobile User Conference. The new car launched a total of 5 versions (550km Pro, 550km MAX, 665km Starship, Voyage Edition, 665km Starship, Smart Driving Edition, 620km Starship, Performance Edition), with a pre-sale price of 188,000 yuan. The new car will be officially launched and delivered in January 2024.

　　The Geely Galaxy E8 was launched on October 30 this year. It is based on the SEA vast architecture and is the first intelligent pure electric flagship sedan of the Geely Galaxy series. It is also Geely’s first product based on the SEA architecture. It has a first-mover advantage in the three-electric system, vehicle control experience, and body safety framework.

　　The Galaxy E8 adopts the new design language of "Ripple of Light", and is equipped with the world’s first mass-produced integrated luminous front face, which is highly recognizable. The interior is equipped with a 45-inch ultra-wide screen and a new generation of Qualcomm Snapdragon 8295 flagship cockpit chips. It integrates the latest technology and is a masterpiece of Geely Technology’s car manufacturing.

　　The Geely Galaxy E8 inherits the brand’s unique "ripple aesthetics" and innovates a new "ripple of light" design language. It has a very cool rhythmic grille and is also the world’s first mass-produced integrated luminous front face. The grille has a luminous matrix composed of 158 windows, with a luminous area of 0.105m. It not only inherits Geely’s classic ripple symbol design, but also jumps out of the homogenization route of electric vehicle design, creating a new paradigm of intelligent electric vehicle design in China.

　　The attitude of the Geely Galaxy E8 is close to that of a coupe model, and the roof line is very smooth. At the same time, thanks to the streamlined body, external AGS active air intake grille, low wind resistance closed pneumatic wheel rim and other 25 low wind resistance designs in the whole car, the Geely Galaxy E8 wind resistance coefficient is only 0.199Cd. The length, width and height of the Geely Galaxy E8 are 5010/1920/1465mm respectively, and the wheelbase is 2925mm. The through-type tail light group of the Geely Galaxy E8 has rich lamp cavity lines, and visually forms a signal linkage with the high-mounted brake lights, thus creating a good visual effect and recognition. In addition, the exaggerated diffuser and ducktail design at the tail enhance the sports atmosphere, while effectively reducing the rear turbulence, reducing the wind resistance by 10counts, and improving the battery life.

　　Geely Galaxy E8 is inspired by the four seasons and characteristic scenery of West Lake, and has launched six body colors, including: Begonia powder (Quyuan wind lotus), smoke gray (double peaks insert clouds), autumn apricot yellow (thunder peak sunset), Zhiqiuhong (Huagang viewing fish), first snow silver (lake mirror first snow), willow frost white (Su Di winter pen), providing consumers with a richer choice.

　　Geely Galaxy E8 is equipped with a 45-inch 8K screen, with an effective display area size of 1130mm * 138mm, a 7.5mm border, a screen ratio of 98%, and a thickness of 9.8mm. The screen pixel is 7680 × 936, achieving a quasi-retina-level 8K pixel density. When the vehicle is in P gear, this large screen also supports direct connection of mobile phones or handles to play games. Geely Galaxy E8 is equipped with a new generation of Qualcomm Snapdragon 8295 flagship cockpit chips and a new car system. It adopts a 5nm process, and the AI computing power reaches 30TOPS. Compared with 8155 (7nm) GPU, the overall performance is improved by 2 times and the 3D rendering performance is improved by 3 times. The Geely Galaxy E8 is equipped with a round double-spoke steering wheel and a half-spoke steering wheel (optional) for consumers to choose from, and has integrated knobs in the control area under the center console.　

　　Geely Galaxy E8 is equipped with a 4D zero-pressure cloud seat, which supports 12-way electric adjustment of the main driver seat/electric waist support + 4-way electric adjustment of the passenger seat + ventilation and heating of the main/passenger seat + memory welcome of the main/passenger seat, providing a rich riding experience. In addition, the passenger seat is laid at an angle of 180 °, supports one-click automatic leveling, and can be connected with the rear seat cushion.

　　Geely Galaxy E8 is equipped with: front door electronic unlocking, 50W mobile phone wireless charging, 25.6-inch AR-HUD head-up display, HARMAN INFINITY sound system + headrest audio, intelligent air conditioner, FACE ID facial recognition, OMS entertainment camera, electric rear tailgate, 256-color intelligent chasing ambient light, rear seat ventilation and heating and other functions.

　　Geely Galaxy E8 two-wheel drive (rear drive) model has a motor power of 200kW and a torque of 343Nm; the four-wheel drive model has a motor power of 475kW (165kW + 310kW) and a torque of 710Nm; in addition, the power battery pack of the vehicle adopts a new generation of silicon carbide electronic control technology, and the cruising range can be increased by 5-10% compared with the previous generation. According to official data, the 0-100km/h acceleration time of Geely Galaxy E8 two-wheel drive (rear drive) model is 5.95s, and the 0-100km/h acceleration time of four-wheel drive model is 3.49s. The maximum speed can reach 210km/h.

　　Geely Galaxy E8 is officially defined by Geely Automobile as "China’s new generation of pure electric flagship". With a new generation of flagship architecture, a new generation of flagship cockpit, a new generation of flagship driving control, a new generation of flagship safety, a new generation of flagship design and other leapfrog hardcore strength, Geely Galaxy E8 is expected to become one of the most competitive flagship products in the current B-class pure electric cars. (Source: Geely Galaxy)

Eta Ursae Majoris arrived, and the delivery ceremony of the first batch of car owners in Xingtu Eta Ursae Majoris opened a smart and luxurious life.

On March 2nd, the delivery ceremony of the first owners of Starway Eta Ursae Majoris Wuhu was grandly opened in Wuhu Guanhao Starway Experience Center. New and old riders gathered together to witness and feel the delivery ceremony with more sense of quality, technology and situation brought by Starway Automobile at close range, as well as the unique charm of Starway brand’s high-end and internationalization.

Xingtu Eta Ursae Majoris concentrated on delivering Xiti’s "400,000-level wisdom and luxury flagship"

Avenue of Stars, passionate interpretation, exclusive easel for car owners, taking photos with cars as a souvenir … As expected, the scene of the handover ceremony of the first car owners in Eta Ursae Majoris on the Star Road was very lively.

At the scene, 20 brand-new Star Road Eta Ursae Majoris were ready to go. Under the witness of all the guests, the owners of the new cars took over the delivery of flowers and exclusive delivery gifts, becoming the first delivery owners in Wuhu since Star Road Eta Ursae Majoris blindly ordered and pre-sold.

It is worth mentioning that this delivery activity also specially arranged the "special delivery ceremony" for the 1 ST and 17 th car owners in Anhui; Why are these two numbers? First of all, "Eta Ursae Majoris" is the first star of the Big Dipper, which guides people’s direction and symbolizes auspiciousness and kindness. Secondly, with Eta Ursae Majoris’s excellent product strength, Xingtu recently challenged seven mainstream joint venture high-end models in China market, and launched a comparative test drive of "Eta Ursae Majoris 1 hits 7"; The number 17 just implies the special meaning of "1 hits 7". Facing the applause of flowers, the two car owners are happy to harvest their exclusive flagship of wisdom and luxury, and will start a "better" quality life in the future with the blessing of Starway Eta Ursae Majoris.

The delivery ceremony of the first batch of car owners was highly valued by the leaders of Starway Automobile in Central China. Mr. Xu Shaowei, director of Starway Automobile in Central China, Mr. Li Ning, marketing director of Starway Automobile in Central China, Mr. Zhou Rui, regional manager of Starway Automobile in Central China, and Mr. Li Zhiwei, ambassador of Starway Automobile, all came to the scene. Mr. Wang Qijiang, general manager of Wuhu Guanhao Starway Experience Center, also attended the ceremony, and joined hands with new and old car owners to celebrate the unique emotional relationship between car owners and Starway brand.

Undoubtedly, with the shining listing and continuous popularity of Starway Eta Ursae Majoris, new car owners will be delivered all over the country one after another, and more and more users will join the Starway family, feel the infinite beauty brought by this new car, and officially start a smart and luxurious life of "enjoying better".

Strength Interpretation Product Value Fully Empowers Users to Travel

With the upgrading of consumption in China market, the "400,000-level smart luxury flagship" Starway Eta Ursae Majoris tailored for a new generation of users has four core product values: 400,000-level most beautiful appearance, 400,000-level most comfortable driving control, 400,000-level most powerful intelligent cockpit and 400,000-level most luxurious space, which satisfies the new generation of users’ life of "everything is better" for SUVs with the luxury posture of "enjoying better".

Flying fish extrasensory chassis, with 400,000-class super comfortable driving control.

Eta Ursae Majoris is equipped with a brand-new flying fish extrasensory chassis with advanced functions such as CDC electromagnetic suspension system, Soft Stop system, chassis hydraulic vibration isolation system, all-terrain science and technology system, all-scene intelligent four-wheel drive system and intelligent brake-by-wire system, which gives Starway Eta Ursae Majoris a refreshing driving experience comparable to 400,000-class SUV. The 2.0TGDI "China Heart", which won the top ten engines in China, can burst into surging power with the maximum power of 92kW and the maximum torque of 400 N m..

Lion Ecology 2023, bringing up 400,000-level strongest scientific and technological intelligence.

As the first model to apply "Lion Ecology 2023", Starway Eta Ursae Majoris is equipped with 24.6-inch curved screen design, brand-new young HMI 5.0 UI visual interaction, super ID and Queen’s exclusive mode, etc. With the support of Qualcomm Snapdragon 8155 smart chip+Lion Zhiyun 5.0 gold combination, it is easy to realize the operations such as quick start of the car in 3 seconds, identification in 2 seconds and continuous processing of more than 20 instructions in 30 seconds. In the intelligent ecology, mainstream software such as WeChat, Meituan, Gaode Navigation, Iqiyi, bilibili, Tencent Video, Tik Tok, Himalayan, Cat’s Eye Movies, etc. are aggregated to enjoy the fun of people and cars anytime and anywhere.

The aesthetics of Atlantis light brings 400,000 tidal beauty values.

On the whole, Eta Ursae Majoris continues the design concept of the concept car "Aesthetics of Atlantis Light" and presents it to the world with a more avant-garde, fashionable and youthful shape. Whether it is the large-area diamond-shaped borderless design of China Net with X-type starship daytime running lights, or the design with penetrating LED strip, fighter cockpit sliding back roof and fighter tail spoiler, it gives people a full sense of advanced.

"Every seat is equal", presenting the 400,000-class optimal luxury cockpit.

The length, width and height are 4781 mm *1920 mm *1671mm, respectively, and the wheelbase is 2815 mm. Excellent performance has given the whole staff a wide and comfortable seating space. The star travel seat is comparable to the high-grade sofa by using the A-grade grain NAPPA top leather quilting technology. The main driving seat integrates the functions of ventilation/heating, electrically adjustable leg rest, headrest sound and so on, and the "Queen’s Co-driver" takes comfort to a higher level.

As a China automobile brand, it is rare to see such a high-end model with excellent quality and full price. Xingtu Eta Ursae Majoris will surely become a shining star in the product sequence of autonomous vehicles, so let’s look forward to its market performance.

Near the end of 2020, as the last grand finale of this year, the 18th Guangzhou Auto Show is in full swing.

In addition to the new generation of fuel models, or the first appearance, in the auto show with the theme of "New Technology, New Life", new energy models are naturally not inferior, and they have truly achieved high-standard and full-brand participation. Next, let’s take a look at the popular plug-in models and pure electric models at the Guangzhou Auto Show.

Mixed text

NO.1

Gac Toyota weilanda PHEV

Faw Toyota RAV4 PHEV

As we all know, Toyota’s hybrid is a clean stream in the powertrain. Thanks to the dual-motor and Atkinson cycle engine, the hybrid power output of Toyota is extremely rapid, and the fuel consumption is still very low.

However, the small flaw of this powertrain is that although its power output is fast, its ultimate power and secondary acceleration ability are slightly insufficient. As a result, Toyota’s PHEV model came into being. In fact, the biggest highlight of the car is the power system. It is understood that the car is equipped with a 2.5L naturally aspirated four-cylinder engine and an electric motor, of which the maximum horsepower of the engine is 178 horsepower, and the comprehensive output horsepower of the whole powertrain is 306 horsepower. It only takes 6.6 seconds to accelerate 100 kilometers. In addition, according to the official information, the comprehensive fuel consumption per 100 kilometers of this car is 2.6L, while the pure electric cruising range is 63km, so the fuel economy is really good.

Guangzhou Automobile Toyota Willanda PHEV and FAW RAV4 PHEV are actually more like high-performance versions of their respective fuel versions. According to official data, the acceleration of the two cars can reach 7 seconds, which is already a very excellent result. Plug-in features also make them more economical in short battery life.

NO.2

Byd Qin PLUS

The 2020 Guangzhou Auto Show officially opened today. BYD Company released its latest new energy hybrid car-Qin PLUS. The design of this car can be described as the same as that of BYD’s main model "Han", but as a new car, there are still some brand-new design concepts, and the whole car looks younger and more dynamic.

The car adopts BYD’s latest hybrid technology and is equipped with a 1.5L high-efficiency engine dedicated to Xiaoyun-Plug-in. The thermal efficiency of the whole car has reached an astonishing 43% and the compression ratio is as high as 15.5:1. Such an excellent result can be called one of the mass production engines with the highest thermal efficiency in the world.At the same time, as the core component of DM-i super hybrid technology, this engine can ensure that the fuel consumption of the car is as low as 3.8L/100KM. In the ideal state of full oil and full electricity, this Qin PLUS can travel more than 1,000 km, and drivers can completely abandon mileage anxiety and realize mileage.Freedom.

BYD has made great moves this year, from the introduction of blade batteries to the release of a 1.5L plug-in hybrid engine with a thermal efficiency as high as 43%. It seems that this brand is gradually becoming China’s "Sony", and consumers are upgrading its renewal with the most black technology configuration. BYD Qin PLUS should be just the beginning.

NO.3

Mercedes-benz GLE 350 e plug-in hybrid version

At the Guangzhou Auto Show in 2020, Mercedes-Benz announced that its GLE 350 e 4MATIC plug-in hybrid coupe SUV was officially launched, and only one configuration model was launched, with a price of 828,800 yuan. The biggest change of the new car was the power system, which adopted the third generation plug-in hybrid technology of Mercedes-Benz, and the pure electric cruising range under NEDC working conditions exceeded 100 kilometers.

The new car listed this time adopts the same design language as the ordinary fuel version, and the large slip back design of the coupe version takes into account both aesthetics and practicality. The front air intake grille with all over the sky adopts concave design, and the middle is filled with large-size Mercedes-Benz trident star and thick transverse spokes. The front enclosure under the air intake grille is exaggerated and aggressive, but the vents are sealed, and the details are exactly the same as those of the fuel version.

From the interior, the Mercedes-Benz GLE coupe SUV is basically the same as the current Mercedes-Benz GLE, and the car is equipped with a dual 12.3-inch large screen with integrated design. The size of the air conditioning outlet on the left side is exaggerated, and the right side is symmetrical with the left side and decorated with the same size, which makes the big screen in the car look more harmonious and unobtrusive. The design of air conditioning control area is quite long and narrow, with piano key buttons, which is very stylish.

The biggest difference between the GLE 350 e 4MATIC coupe SUV and the ordinary version is the power system. On the basis of the 2.0T gasoline engine, it also adopts the third generation plug-in hybrid technology of Mercedes-Benz, and the pure electric cruising range under the NEDC comprehensive working condition standard exceeds 100 kilometers. Both AC and DC charging methods are supported. Under the condition of 60 kW DC charging, it takes 20 minutes to charge from 10% to 80%.

Pure electric article

NO.1

Saic Volkswagen ID.4X/ faw-Volkswagen ID.4 CROZZ

As the representative of the most intelligent, digital and cutting-edge technology of Volkswagen brand, its sister model SAIC Volkswagen ID.4X VS FAW-Volkswagen ID.4 CROZZ will naturally not miss this Guangzhou Auto Show. In terms of appearance, the width of the front bumper of the two cars is slightly different, while the body and rear are almost the same.

In the interior, the ID4.CROZZ of FAW-Volkswagen completely inherited the configuration and design of the European version, while the ID4.X of SAIC-Volkswagen was partially adjusted and updated according to the needs of users.

In terms of performance configuration, both models are equipped with version 4.0 of Smart Car Federation, L2+ intelligent assisted driving system and ternary lithium battery pack from Contemporary Amperex Technology Co., Limited. The maximum power is 150kW, 240Ps, the peak torque is 310N·m, the maximum speed is 160km/h, and the battery life can exceed 500 km.

The advent of the two cars is undoubtedly the foundation stone for the Volkswagen brand to open the era of pure electric. The compact electric SUV model will be officially launched in March next year. I believe it is worthy of everyone’s expectation, and it is worthy of being a quality choice regardless of the north and south.

NO.2

Dongfeng Honda M-NV

Many people are not familiar with M-NV, but they have heard of X-NV. It is a pure electric small SUV from Dongfeng Honda, and the protagonist M-NV listed at Guangzhou Auto Show today is based on it. Since Guangqi Honda updated VE-1 and launched VE-1+ and VE-1S+, it is reasonable for Dongfeng Honda to release M-NV with the help of the same platform. With the listing of M-NV, two versions of the new car have been launched, of which the Shang Cheng version costs 149,800 yuan and the Shang Yi version costs 159,800 yuan.

In terms of appearance, the new car has been greatly modified, adopting the round LOGO of Siming brand, and adopting an integrated streamlined design as a whole, continuing Dongben’s exclusive double-swallow-wing grille with willow-shaped through LED headlights, giving people a radical and tense sensory experience. At the same time, the new car also retains the side door handle that is popular with consumers.

In terms of performance, the maximum power reaches 120Kw, 163ps, and the maximum torque is 280Nm. Equipped with ternary lithium battery from Contemporary Amperex Technology Co., Limited, the NEDC has a battery life of 480 kilometers and an acceleration of 9.3s seconds, which is also outstanding in power consumption and driving control.

I believe that the listing of the new M-NV will undoubtedly provide consumers with a better choice when choosing pure electric vehicles.

NO.3

Volvo XC40 RECHARGE

At this Guangzhou Auto Show, Volvo brand also launched a pure electric vehicle-Volvo XC40 RECHARGE. With this appearance, the new car was officially put on sale, with a price of 357,000 yuan.

Volvo XC40 RECHARGE adopts a two-color body design with a white body and a blackened roof, which is more energetic. Similar to the fuel version, the new car outlines the outstanding texture with many detailed lines; The difference is that the new car has a charging port at the front and rear parts on the left.

As for the car, the new car uses the "Android Automotive OS" system developed by Google, and has been upgraded to a certain extent, which is in line with users’ daily usage habits.

At the same time, many functions and configurations of the new car are also based on the XC40 fuel version. XC40 RECHARGE adopts CMA platform architecture, equipped with front and rear dual-motor systems, and matched with a 78kWh battery pack. The maximum power is about 300kW, the peak torque is about 660N·m, and the comprehensive cruising range is about 400km.

The brand-new Volvo XC40 RECHARGE brings many indicators, such as official direct sales mode, electric vehicle safety technology configuration, iCPU intelligent interconnection system and so on, which bring our consumers a relatively novel car purchase and car use experience. The avant-garde and elegant design of the new model really makes us shine, and its later market performance is worth looking forward to!

NO.4

R automobile MARVEL-R

When it comes to independent new energy vehicles, people always think of BYD and GAC New Energy, but in fact, due to the strong strength of SAIC, SAIC Roewe R automobile brand also has strong comprehensive competitiveness. At Guangzhou Auto Show, Marvel R, the brand’s heavyweight new car, announced the pre-sale price of 220,000 yuan, so let’s get a sneak peek.

The shape of MARVEL R follows the design concept of "light around the world" and pays attention to the creation of science fiction. Its front face adopts the popular split headlight design, and the penetrating LED strip has the functions of daytime running light and turn signal, which has a strong sense of science and technology.

The connection between the side and the rear of the car makes the overall body feel round, full and powerful visual impression. It is reported that in terms of interior decoration, the overall theme of "Arrowhead" is chosen, which is simple and elegant in one go.

MARVEL R’s interior adopts a combination of screen and physical buttons. The oversized 19.4-inch screen is the crowning touch, and the highly integrated scientific and technological electronic knob below reflects the scientific and technological beauty from the future. Although the overall design tends to be simple, the materials still maintain a high standard, and a large area of soft materials and leather packages reveal a sense of luxury in science and technology. In the power part, the official data has not been released yet.

In 2018, SAIC Roewe launched the mid-to high-end model SAIC Roewe MARVEL X, and the new car is positioned in a medium-sized pure electric SUV. However, due to its brand positioning and price factors, the performance of the new car in the market at that time was poor, and the sales volume was relatively bleak. Since then, SAIC Roewe has never launched a mid-to high-end pure electric vehicle.　

To some extent, SAIC Roewe’s bid-changing strategy also wants to distinguish the brand positioning from the previous models. The appearance of SAIC Roewe MARVEL-R represents Shanghai Roewe’s determination to re-launch the mid-to-high-end, and can the MARVEL-R and the brand-new R-mark that have changed its "appearance" bring better market performance to SAIC Roewe? We will also wait and see.

NO.5

Guangzhou automobile ai’ an Aion Y

Guangzhou Auto Show in 2020 is undoubtedly a memorable day for Guangzhou Automobile Ai ‘an brand. On the 20th, GAC New Energy officially changed its name to GAC Ai ‘an, and was established as an independent brand alongside GAC Chuanqi. This move is undoubtedly an affirmation of Ai ‘an.

AION Y is an A-class intelligent pure electric SUV. This auto show only shows the exterior design of the new car. Details about interior details, vehicle size, power parameters and cruising range have not been announced. Judging from the configuration information currently available, the new car continues to be the main selling point of intelligence.

In the design of this car, while ensuring the trendy and futuristic feeling, it also adds a bit of round and moist sprouting, closed grille design, and folded-wing headlights with spiral structure on both sides, which is also called "Angel’s Wings" by the official.

Among them, the blue-orange color scheme and the petal-shaped wheel hub outlined by avant-garde and sharp lines are also very eye-catching. On the whole, it can be called the highest recognition in the whole audience. In terms of intelligent configuration, AION Y will be equipped with ADiGO 3.0 automatic driving system, one-button remote parking in full scene and the world’s leading memory parking function. In addition, the vehicle is also equipped with voice-controlled video shooting, 5G light-speed second-pass car video APP release, car games and KTV.　

The power information has not been announced this time, but according to the official disclosure, relying on the ultra-long mileage reliability test accumulated by GAC Ai ‘an from the network car, AION Y will be a car that can’t be worn out.

END

Summary of Guangzhou Auto Show

The 18th Guangzhou International Automob

As far as Guangzhou Auto Show is concerned, although it is only a few months away from Beijing Auto Show, judging from the number of new and upgraded models, in order to meet the car demand of north and south consumers, major brands are absolutely full of intentions.

[ITBEAR technology information] on February 6 th, recently, BYD Qin family welcomed a new member-BYD Qin L. This new car has passed the declaration of the Ministry of Industry and Information Technology, which indicates that it will meet with consumers soon. As an upgraded version of BYD Qin series, Qin L is positioned as a medium-sized car, which is between Qin and Han, providing more choices for the market.

It is reported that BYD Qin L has received much attention in the warm-up stage. Some bloggers broke the news that the starting price of the new car may be around 120,000 yuan, which is 20,000 yuan higher than the current Qin Plus DM-I. However, the difference of 20,000 yuan is not aimless, because Qin L will be the first vehicle equipped with DM5.0 technology, and its NEDC fuel consumption is only about 2.9L, which is far lower than the current 3.8L of Qin PLUS. This remarkable improvement will undoubtedly attract many consumers who have higher requirements for fuel consumption.

In terms of body size, BYD Qin L shows the advantages of medium-sized cars. Its length, width and height are 4830mm, 1900mm and 1495mm respectively, and its wheelbase reaches 2790 mm. This data is obviously larger than the existing Qin PLUS series models, which makes Qin L have more room to play in the internal space. At the same time, the total mass of the new car is 2035kg, and the kerb mass is 1660kg, which ensures the stability and safety of the vehicle.

In design, BYD Qin L continues BYD’s family-style "Dragon Face" design language. Its front face is equipped with a huge air intake grille, and it is available in two styles: hot stamping or not. Both sides of the grille are equipped with C-shaped air ducts, which makes the whole front look sporty. The side of the car body adopts smooth line design to create an elegant and dynamic car body posture.

In terms of power, BYD Qin L is equipped with an engine with a displacement of 1498ml, with a maximum power of 74kW. According to ITBEAR technology information, the new car will also adopt a brand-new hybrid system-the fifth-generation DM-i hybrid system, with a brand-new hybrid chassis code-named "P5" and a former McPherson rear four-bar independent suspension. This series of technical upgrades will make Qin L reach a higher level in power and economy. In addition, the new car also offers two pure electric cruising ranges of 60km and 90km, with corresponding battery capacities of 10.08kWh and 15.874kWh respectively.

Generally speaking, the appearance of BYD Qin L has undoubtedly brought new vitality to the medium-sized car market. Its upgraded size, design and power system make it a leader in its class. In the future, we have reason to expect BYD Qin L’s performance in the market.

Source: http://www.itbear.com.cn/html/2024-02/481366.html.

On September 29th, Porsche was listed on the Frankfurt Stock Exchange in Germany. On the same day, Porsche’s share price fell from the intraday high of 86.76 euros to the issue price and closed at 82.5 euros. On the first day of listing, the market value of Porsche was about 75.43 billion euros, slightly lower than that of audi ag, but it surpassed competitors such as Ferrari. According to the latest data, Porsche has become the fifth largest car company in the world by market value.

At this point, the world’s three super-running brands, Ferrari and Porsche, have all embarked on the road of capitalization, which has also triggered the imagination of Lotus.

At the beginning of this year, Lotus was also exposed to the listing information by foreign media. The official response said that Lotus Group was evaluating the stock market transactions in new york, London and China, and no relevant information was disclosed since then. Until the successful listing of Porsche, it once again aroused the interest of the outside world.

With the surge of hot money, perhaps Porsche IPO can be regarded as a landmark new node, but another more profound proposition has also been brought to the stage with Lotus’s "backwardness". Should we be in line with "money" or "front" in the new super-running era?

Porsche to the left, Lotus to the right

Judging from the news disclosed by foreign media, Lotus, as one of the three super-running brands in the world, has also moved the mind of IPO. Only in the top-level design at higher latitudes, there is something more important than IPO in the eyes of Lotus-anchoring the electrification transformation and opening a new track for pure electric intelligent super-running.

In fact, the listing of Ferrari and Porsche has provided a lot of funds for the group, and this kind of blood transfusion feedback has also been seen by the outside world.

Ferrari was originally a sub-brand of Fiat Chrysler (FCA). In 2015, Fiat divested Ferrari and obtained huge funds to repay Fiat’s debts. After Ferrari went public, its business developed well, and its share price soared. Now its market value is about $35 billion.

Today, Porsche will copy Ferrari’s path in the past, spin off from Volkswagen Group and go public independently, and even surpass the former in IPO scale and fundraising amount.

It is worth noting that for the Volkswagen Group, through this IPO, the preferred shares and original shares will be sold for 9.4 billion euros and 10.1 billion euros respectively, totaling 19.5 billion euros. 49% of the funds will be returned to shareholders in the form of special dividends, and the remaining nearly 9 billion euros will be used by Volkswagen Group to increase research and development of power batteries and in-vehicle software.

However, from the global securities market including A-shares, the attraction of IPO of automobile enterprises to capital lies not only in the current operating profit and sales volume, but also in the control and transformation of the future development direction with enterprises.

Although Tesla, which mainly focuses on pure electric intelligence, has just approached 1 million vehicles in annual sales, its global market value performance is actually four times that of Toyota, the second place with annual sales exceeding 10 million, and the third place is BYD, which started pure electric transformation as early as a decade ago and has completely stopped selling pure fuel vehicles.

In the domestic market, all auto listed companies related to the concept of new energy have made a lot of money in the securities market. Correspondingly, traditional automobile enterprises are experiencing a dark moment. In the past year, Ferrari’s share price has dropped from the highest $250 to the current $185, and its market value has shrunk by more than 25%.

From this perspective, perhaps the listing of Porsche at this time is not a good time. Although Porsche has already started the road of electric transformation, at present, only Taycan is a pure electric vehicle.

Ferrari only launched a brand-new electrification product strategy in June this year. Next, Ferrari will invest about 4.4 billion euros to develop pure electric vehicles and plug-in hybrid vehicles. In 2025, Ferrari’s first pure electric car will come out.

It must be said that in the face of the fierce tide of electrification, although brands such as Ferrari and Porsche are moving closer to new energy sources, the actions of transformation are somewhat conservative. However, Lotus has taken the courage to cross the rubicon. As early as 2019, it unveiled its first pure electric supercar Evija, and in 2021, it solemnly bid farewell to the fuel era with the sports car Emira. Now Lotus’s super-running pure electric SUV——Eletre, which takes the lead in electrification, has arrived as scheduled.

It can be said with certainty that Lotus has a firmer determination and a more thorough strategy on the road of electrification transformation. In Lotus’s view, only subversive self-innovation can rush to run in the new era of super-running. It can be predicted that in the near future, when Lotus truly leads the new super-running era, the IPO at that time will be much more valuable.

Join hands with Geely and deeply embrace the China market.

Inevitably, the electrification transformation often requires huge funds, which is why many new car-making forces have been seeking financing or IPO. For ultra-luxury brands such as Porsche and Ferrari, which are small in size but high in style, the capital investment for transformation is equally expensive.

In front of Lotus, "money" seems to be the most important part on the road of self-innovation and self-breakthrough. In June, 2017, after Geely Holding acquired 51% shares of Lotus from Proton, this English lotus flower began to bloom again in China.

In the second year after being acquired by Geely, Lotus announced that it had turned losses into profits in fiscal year 2016/2017, making the brand profitable for the first time in 40 years.

In October 2018, on the occasion of the brand’s 70th anniversary, Lotus released the "Vision 80" 10-year brand revival plan, and put forward the "Sino-British dual engine" strategy, which is a firm transformation to electrification and intelligence, and this is also an automobile enterprise that proposed formal electrification transformation earlier among traditional automobile brands.

On August 31, 2021, Wuhan Lotus Technology Co., Ltd. was formally established. Backed by Geely Group, Lotus’ initial capital plan for entering China was as high as RMB 26.3 billion. Among them, the global headquarters of Lotus Technology has settled in Wuhan Economic and Technological Development Zone, and in Shanghai, the Lotus Marketing Headquarters Building has also recently landed.

Prior to this, Lotus Technology announced the product planning for launching three pure electric smart models in the next five years: in 2022, the E-class SUV； codenamed Type132 will be launched; In 2023, the E-class four-door coupe codenamed Type133 was launched; In 2025, the D-class "pure electric intelligent new species" codenamed Type134 was launched. He also said: "With track-level intelligent driving, cutting into the intelligent driving track is the direction that Lotus Technology will set in the next decade, and it is also a completely different technical path from any other brand."

This year, on June 1st, Lotus Eletre ushered in its first show in China, and started booking in Chinese mainland. The first batch of vehicles is expected to be delivered as early as early as 2023. It is worth mentioning that it is not only the first SUV of Lotus, but also the first pure electric five-door production car and the first domestic car of Lotus. It is not uncommon for sports car manufacturers to build SUVs, but Lotus is the first one to build pure electric SUVs.

At present, Lotus Eleetre is a completely new car in China market, and its promotion and store communication should start from 0. However, under the background of Geely Automobile’s strong channel, the development of China market also allows Lotus Eleetre to avoid many detours.

At present, Lotus Eletre plans to open nearly 50 sales and service stores in about 20 cities in China by the end of this year, covering core cities such as Beishangguangshen, Hangzhou, Wuhan and Chengdu, and radiating the whole country. It will also open two major services: "Smart Home Charging" and "Lotus Flash Charging", and plans to build nearly 200 self-operated high-end flash charging stations in about 20 cities across the country.

As the global headquarters of Lotus ultra-high-end intelligent electric lifestyle models, China bears extraordinary strategic significance. As the largest single market for most automobile brands in the world, it can be said that the China market is the best in the world.

From January to August this year, the domestic production and sales of new energy vehicles reached 3.97 million and 3.86 million respectively, and the market share reached 22.9%, exceeding the original expectation. Compared with other super-running brands, it can be said that Lotus’s electrification innovation based on the China market occupies a favorable time and place.

It is believed that under the new super-running era dominated by electrification and intelligence, the Lotus brand, which is deeply involved in the transformation and innovation of China market, will definitely take the lead in the future market competition.

Beijing News Shell Financial News (Reporter Lin Zi) On September 12th, the new M7 series of AITO was officially listed. At the press conference, Yu Chengdong, managing director of Huawei, CEO of BG, and CEO of BU, a smart car solution, said, "We have invested 500 million yuan in the new M7 series of AITO.".

As a 250,000-class luxury medium and large SUV, the official guide price of the new M7 series in the world is: 249,800 yuan for the five-seat rear-drive version of M7 Plus, 284,800 yuan for the five-seat four-wheel drive version of M7 Plus, and 309,800 yuan for the five-seat intelligent drive version of M7 Max; The six-seat rear-drive version of M7 Plus is 269,800 yuan, and the six-seat intelligent driving version of M7 Max is 329,800 yuan.

The new M7 in Wenjie is equipped with HUAWEI ADS 2.0 high-order intelligent driving system, which is the first to realize high-speed and high-order intelligent driving in urban areas without relying on high-precision maps. It is expected that in December this year, the urban intelligent driving navigation assistance (urban NCA) will realize the experience that can be opened all over the country.

Since its release in April 2023, HUAWEI ADS 2.0 has built a rich scene library on the AI ? ? training cluster, learning 10 million +km in depth every day, and continuously optimizing the iterative intelligent driving algorithm and scene strategy. As of September 2023, the long-distance NCA pilot MPI(Miles Per Intervention) is as high as 200km, and the success rate of urban elevated import and export is as high as 99%+.

HarmonyOS intelligent cockpit has realized the "touch-and-touch" of mobile phones, which can realize the continuous application circulation of drama and games; Mobile phone aerial photography can also be transferred to the cockpit screen; HUAWEI MagLinkTM in the back row expands the use method of Huawei’s flat-panel hanging and connecting.

[technology circle]

Yu Chengdong: Huawei’s consumer business was renamed Huawei’s terminal business and entered the commercial field in an all-round way.

Yu Chengdong, managing director of Huawei, officially announced that Huawei’s consumer business was renamed as Huawei’s terminal business at the new product launch conference of Huawei’s terminal commercial office, and it has entered the commercial field in an all-round way. In the future, Huawei’s terminal business will comprehensively cover two modules: consumer products and commercial products. Consumer products will continue to focus on serving mass consumers, while commercial products will focus on serving government and corporate customers. (36Kr)

Huawei’s Bluetooth Key Patent Announced

Tianyancha App shows that recently, the patent of "a vehicle control method, vehicle-mounted device and mobile terminal" applied by Huawei Technologies Co., Ltd. was announced. According to the technical scheme of the application, the positioning accuracy of the car Bluetooth key can be improved, the user’s intention can be recognized, the vehicle can automatically execute the operation instructions such as unlocking and locking the door, the use convenience of the keyless entry and starting function of the vehicle can be improved, and the convenience and comfort experience of the user in using the vehicle can be improved.

Apple claims that nearly 20% of the materials used in its products in 2021 will be recycled materials.

Apple published an article in official website on April 19th, saying that it used certified recycled gold in its products for the first time and more than doubled the amount of recycled tungsten, rare earth elements and cobalt. Since 2015, Apple’s use of plastics in product packaging has been reduced by 75%. (Interface)

　

Internet

The second instance verdict of the case of "pretending to be an old godmother employee to defraud Tencent": the appeal was dismissed and the original judgment was upheld.

It is learned from relevant parties that the second instance of the case of three people posing as employees of Guiyang Nanming Laoganma Flavor Food Co., Ltd. and defrauding Shenzhen Tencent Computer System Co., Ltd. has been ruled by Guiyang Intermediate People’s Court: the appeal was rejected and the original judgment was upheld. On December 29, 2021, the Nanming District People’s Court of Guiyang made a first-instance judgment on this case. Three defendants were sentenced to 12 years’ imprisonment, 7 years’ imprisonment and 6 years’ imprisonment respectively, and were fined, and three people returned Tencent’s compensation of 4.31 million yuan. (澎湃)

The Ministry of Industry and Information Technology has notified 37 apps that infringe on users’ rights and interests, and everyone broadcasts live and I love my family.

The Ministry of Industry and Information Technology recently organized a third-party testing organization to check the mobile Internet application (APP). Up to now, there are still 37 apps that have not been rectified, including live broadcast for everyone and I love my family.

It is said that Musk launched an offer to buy Twitter in about 10 days.

On the 19th local time, foreign media quoted people familiar with the matter as saying that Musk planned to launch a tender offer directly to Twitter shareholders in about 10 days. If it is successful, Twitter shareholders can choose to sell their shares at the tender price. According to the report, in addition to the cost of purchasing a 9.2% stake in Twitter, Musk is willing to pay 10 billion to 15 billion US dollars in cash. In addition, he also seeks to raise $43 billion needed to privatize Twitter by introducing other investors and debt financing.

Blackstone, Vista and brookfield have ruled out the possibility of financing Musk’s acquisition of Twitter.

According to market sources, Blackstone Group, Vista and brookfield have ruled out the possibility of financing Musk’s acquisition of Twitter. (Sina Finance)

Instead of boycotting advertisements, Netflix is considering launching a cheaper subscription plan.

Wilmot Reed Hastings Jr., co-CEO of streaming video giant Netflix, said on Tuesday that Netflix is now "quite open" to offering lower-priced subscription plans supported by advertisements. Hastings has long opposed adding advertisements or other promotional activities to the platform, but he said in a pre-recorded earnings conference call on Tuesday that it was "very reasonable" to provide customers with cheaper options. (Phoenix Net Technology)

　

[Car ring]

Less than two months after delivery, Huawei AITO asked the M5 official to raise the price by 10,000 yuan.

On the 20th, the official of AITO Automobile Co., Ltd., which is a cooperation between Huawei and Celestial, released the announcement about the price adjustment of the M5&the listing instructions of the standard version of the M5 rear drive, to adjust the prices of some models of the M5. Among them, the starting price of the standard version of Wujie M5 rear drive was adjusted to 259,800 yuan, which was 10,000 yuan higher than the previously announced price. (Sina Finance)

LI’s delivery was postponed in April because some supply chain enterprises could not supply.

On the evening of April 20th, LI said in a notice issued by the APP that since the end of March, some supply chain enterprises located in Jiangsu, Zhejiang and Shanghai in LI have been unable to supply due to the requirements of epidemic prevention and control. Therefore, it had a great impact on the production in LI in April, which caused some users to delay the delivery of new cars.

Guoxuan Hi-Tech signed a strategic cooperation agreement with Geely Commercial Vehicle.

According to the official news of Guoxuan Hi-Tech, Hefei Guoxuan Hi-Tech Power Energy Co., Ltd., a wholly-owned subsidiary of Guoxuan Hi-Tech, recently signed a strategic cooperation agreement with Zhejiang Geely New Energy Commercial Vehicle Group Co., Ltd. The two parties agreed that Hefei Guoxuan will supply power battery products to Geely commercial vehicles from 2022 to 2024, with an estimated total of 126,000 sets, including micro-surface, light truck and extended range.

　

Energy industry

It is reported that Contemporary Amperex Technology Co., Limited will release new power battery technology in the near future, but Contemporary Amperex Technology Co., Limited denies it.

Contemporary Amperex Technology Co., Limited denied that a new power battery technology would be released in the near future, and said it was a misunderstanding, so please don’t pass it on. Earlier, some media reported that Contemporary Amperex Technology Co., Limited related sources revealed that the company will prepare to release new power battery technology in the near future. (Sina Finance)

　

[Financial Street]

Everbright Securities: Received resignation reports from Yan Jun, chairman of the company, and Liu Jiping, chairman of the board of supervisors.

Everbright Securities announced that the board of directors received the resignation report of Yan Jun, the chairman of the company, on April 19th. Due to job adjustment, Yan Jun resigned as the chairman, director and convener of the Strategy and Development Committee of the Board of Directors. On the same day, the company’s board of supervisors received the resignation report of Liu Jiping, the company’s supervisor. Due to work adjustment, Liu Jiping resigned as the chairman of the board of supervisors, supervisor and member of the governance supervision committee of the board of supervisors. The company has noticed some media reports about other senior managers of the company. At present, other senior managers of the company have not changed, and the company’s operation and management are normal.

Bank of China Securities: Lin Jingzhen resigned as chairman of the company and elected Ning Min as chairman of the company.

Bank of China Securities announced that the board of directors recently received the resignation report submitted by Lin Jingzhen. Lin Jingzhen, Vice President of Bank of China, applied to resign as a director, chairman and director of the Strategy and Development Committee of the Board of Directors due to work arrangements. After his resignation, he will no longer hold any positions in the company. The board of directors elected Director Ning Min as the chairman of the second board of directors of the company.

Chairman of Bank of Nanjing: We will increase Suning’s capital stock in due course and do a good job of stability this year.

Bank of Nanjing held a performance briefing for 2021 and the first quarter of 2022. Hu Shengrong, Chairman of Bank of Nanjing, answered questions about the future layout of Bank of Nanjing’s consumer finance at the performance conference. Hu Shengrong said that the current acquisition of Suning Xiaojin still needs to wait for the approval of the regulatory authorities before realizing equity delivery. At the same time, after the delivery, Bank of Nanjing will study how to increase the share capital of Suning, and at the same time make a series of arrangements in terms of business model, business development planning and internal organization. The main task of Suning’s gold elimination this year is to "stabilize", do a good job in basic work, and achieve greater development next year. (澎湃)

The largest public pension fund in the United States: supporting the removal of Buffett as chairman of Berkshire Hathaway.

According to reports, Calpers, the largest state public pension fund in the United States, disclosed on April 19th that it intends to vote for Berkshire Hathaway’s shareholder proposal to replace Warren Buffett’s position as chairman. Before Berkshire Hathaway held its annual general meeting on April 30th, the California Civil Servant Retirement Fund disclosed its position in the announcement submitted to the US Securities and Exchange Commission. (Interface)

　

[real estate circle]

Evergrande plans to restart large-scale marketing, and the "May 1 Golden Week" 2000 existing home promotion scheme flows out.

According to market information, Evergrande internally issued the Notice on Issuing Ten Key Marketing Measures and Special Assessment during the Golden Week, requiring that the "May 1 Golden Week Grand Discount" and "Existing Home Grand Discount" be packaged. During the Golden Week, 2,000 existing houses will be launched, and the time range is from April 20th to May 5th, 2022. The notice was confirmed by relevant insiders of Evergrande.

Sunac Real Estate Group was forced to execute more than 38 million yuan.

According to the information disclosure website of China, on April 19th, Sunac Real Estate Group Co., Ltd. added a piece of information about the person to be executed, with an execution target of 38.51 million yuan, and the enforcement court was the Chaoyang District People’s Court. Sunac Real Estate Group Co., Ltd. was established in January 2003, with the legal representative Wang Mengde and the registered capital of 15 billion RMB, which is wholly owned by Beijing Sunac Holding Group Co., Ltd. (Interface)

　

[medical circle]

Netcom Kexing executives died, and the company responded: It is true.

Recently, an obituary about the death of Kexing executives was circulated on the Internet. The obituary shows that Cao Xiaobin, senior manager of the Government Affairs Center of Beijing Kexing Biological Products Co., Ltd., died on April 17, 2022 at the age of 45, and was signed by Comrade Cao Xiaobin funeral committee. Kexing confirmed that the news of Cao Xiaobin’s death was true. (Zhongxin Jingwei)

　

Aviation industry

“3• The preliminary report on the investigation of the flight accident of 21 "China Eastern Airlines MU5735 aircraft was released.

After investigation, the qualifications of flight crew, cabin crew and maintenance release personnel on duty meet the requirements; The airworthiness certificate of the accident aircraft is valid, the latest A inspection (31A) and the latest C inspection (3C) of the aircraft have not exceeded the inspection time limit specified in the maintenance plan, and there is no fault report and no fault reservation before the flight and short parking on the same day; There are no goods declared as dangerous goods on board; The navigation and monitoring facilities and equipment along the route involved in this flight are not abnormal, and there is no dangerous weather forecast; Before deviating from the cruising altitude, there was no abnormality in the radio communication and control command between the crew and the air traffic control department, and the last normal land-air call was at 14: 16; The two recorders on board were seriously damaged due to the impact, and the data repair and analysis work is still in progress.

　

More exciting content, all in the first financial APP.

At the Guangzhou Auto Show not long ago, Geely Automobile officially released its Star Yue L hybrid version. On the basis of maintaining the design of the Star Yue L fuel version, the new car has been adjusted for some details. The biggest highlight is that it is equipped with Geely Automobile’s new Lei Shenqing Hi·X hybrid system for the first time. It is reported that the new car will be officially listed in the first half of next year.

A few days ago, we got a set of spy photos of the Star Yue L mixed version from relevant channels. Combined with the previous declaration map and official map, we can have a general understanding of the appearance of the new car. The changes of the Star Yue L hybrid version and the Star Yue fuel version are mainly concentrated in the front face. The straight waterfall air intake grille has been replaced with a fish-scale texture structure, and the textures on both sides of the grille can also be lit, and a luminous Geely LOGO is added.

At the same time, the lower enclosure is decorated with black and the same color as the body instead of the previous through chrome trim, and the large-size diversion grooves on both sides look more combative.

In terms of body size, the declared length, width and height of the new car are 4770/1895/1689mm and the wheelbase is 2845mm, which is consistent with the fuel version. The rear of the car still occupies the whole visual center of gravity with penetrating taillights. The difference is that the shape of the rear enclosure has been adjusted to echo the front face, and the "GHS" logo has been added at the tail mark in the lower right corner to show the identity of the hybrid car.

In the car, we guess that the new car should also continue the design layout of the fuel version, adopt the interior color matching of two-color mix and match, and form an integrated screen with a length of 1 meter with full LCD instrument+central control screen+co-pilot entertainment display, occupying the whole visual center of gravity, showing a strong luxury technology atmosphere.

The power part is the biggest highlight of the new car. The Xingyue L hybrid version is equipped with Geely’s brand-new Lei Shenqing Hi·X hybrid system, which consists of a 1.5TD hybrid engine+motor +DHT Pro transmission. Among them, the maximum power of the engine is 110 kW, the peak torque is 225 Nm, the thermal efficiency is as high as 43.32%, and the coverage rate of the high-efficiency area is close to 50%. The matching DHT Pro transmission has three gears.

According to the official, the comprehensive fuel consumption of Xingyue L 100 kilometers equipped with this hybrid system can be as low as 4.3 liters, the acceleration time of 100 kilometers is 7.9 seconds, and the maximum cruising range of 1300 kilometers can be achieved. However, the final performance still needs to wait for the follow-up actual test to be revealed.

Since its release, Xingyue L has attracted the attention of consumers with its leapfrog body size, rich configuration and Volvo powertrain. After its listing in July this year, it has achieved very eye-catching sales results. For reference, the price range of the fuel version of the Star Yue L is 137,200-185,200 yuan. If the future Star Yue L hybrid version can also give a price with enough sincerity, I believe that the new car should have a relatively good market competitiveness.

On May 10th, 2023, LI announced its financial report for the first quarter of 2023. Despite the fact that the overall performance of China’s auto market is not as good as expected, LI’s quarterly revenue and delivery both hit record highs. Revenue in the first quarter was 18.79 billion yuan, up 96.5% year-on-year. In the same period, LI delivered a total of 52,584 new cars to users, up 65.8% year-on-year, achieving the single-season delivery *. Driven by strong delivery, LI ranked among the top three new energy brands in China in the first quarter, with a market share of about 11%, far exceeding other new power brands. Thanks to the unremitting pursuit of operating efficiency, a number of financial data hit record highs. After deducting equity incentives, operating profit and net profit reached 890 million yuan and 1.41 billion yuan respectively, and free cash flow reached 6.7 billion yuan. The gross profit margin remained stable at 20.4% in the first quarter. A healthy business model and sufficient cash reserves have laid a solid foundation for the long-term development of enterprises.

It is worth mentioning that LI has continuously strengthened its refined operation and promoted the continuous increase of delivery data from January to April 2023. By the end of last month, more than 330,000 home users had chosen LI’s products. Thanks to the emergence of more and more home users, the delivery volume in April 2023 exceeded 25,000 vehicles for the first time, up by 516.3% year-on-year, setting a new record of single-month delivery since the brand was founded, and has delivered more than 20,000 vehicles for two consecutive months. Based on positive market feedback, LI’s second-quarter performance guidance has reached a new high, with an estimated delivery of 76,000 to 81,000 vehicles, up 164.9% to 182.4% year-on-year; The estimated total revenue is 24.22 billion yuan to 25.86 billion yuan, up 177.4% to 196.1% year-on-year.

Maintain high growth in R&D investment and constantly optimize product strength.

In the first quarter, relying on users’ continuous recognition of Ideal L9 and Ideal L8, as well as the strong order volume and rapid capacity climbing of Ideal L7, LI achieved a new single-season delivery result, and gained an 11% market share in the new energy vehicle market of more than 200,000 yuan in China. Once again, it proves that LI is constantly exerting the advantages and cooperative effectiveness of its supply chain, manufacturing, sales and service network from stage 1 to stage 10. At present, the released ideal L series models have achieved outstanding performance in their respective market segments. Among them, as a five-seat flagship SUV of the brand * family, the ideal L7 has delivered more than 10,000 yuan in the complete delivery month, which is also a five-seat SUV model of China brand * with a starting price of more than 300,000 yuan and a monthly delivery of more than 10,000 yuan, becoming one of the luxury five-seat SUVs of more families *; Ideal L8 maintains sales in six market segments *; Ideal L9 has won the monthly sales champion of large SUV for many times since it was delivered last year.

Meanwhile, LI invested a total of 1.85 billion yuan in R&D in the first quarter, up 34.8% year-on-year. In terms of smart space and intelligent driving with high user utilization rate, LI has continuously improved its product strength through OTA upgrade. Since the beginning of this year, the ideal L-series models have completed two OTA version upgrades of 4.3 and 4.4, and more than 100 functions and experiences have been optimized. Among them, the task master can let users define the function combination independently and realize the linkage of seat, driving, navigation and application, which has been well received and discussed by users since it was launched. In addition, in OTA 4.4, the new version of the car adds the sentry mode that users have been waiting for for for a long time. The system will automatically detect the situation around the car and remind users according to the level of different situations. Through its own power-saving strategy, the energy consumption for the whole night is only about half that of other models; At the same time, users who assemble the ideal AD Max intelligent driving system also get LKA Plus function through the recent upgrade. This function can realize automatic lane change when navigation is not turned on, reduce driving fatigue and improve traffic efficiency.

In April, Ideal L9, the six flagship SUV—— of the family, won the five-star intelligent star rating in the evaluation results of the IVISTA China Smart Car Index 2023 * batch released by China Automotive Engineering Research Institute Co., Ltd. (hereinafter referred to as "China Automobile Research"). Especially in the intelligent safety test, Ideal L9 is the vehicle with the highest score among the vehicles that have been tested by China Smart Car Index, and it is also the vehicle with G+ on the basis of four G evaluations. Ideal L9 has also become the vehicle with the highest performance in IVISTA China Smart Car Index.

Create an ideal fortress to protect family members.

LI has also invested a lot of energy and time in safety related to users’ travel, and strived to build an ideal fortress safety body for the whole family through the safety concept of *. Last year, Ideal L9 became a large SUV with G rating for 25% offset collision on both driver’s side and passenger’s side in China Insurance Automobile Safety Index (C-IASI, hereinafter referred to as "China Insurance Research"). In April this year, the Ideal L9 won the five-star evaluation of the upgraded version of C-NCAP in 2021 in the test results of a new batch of China’s new car evaluation regulations (C-NCAP), becoming the vehicle with the highest comprehensive score in history. Ideal L9 is also a luxury large-scale SUV in China, which has obtained * achievements in China’s new car evaluation regulation (C-NCAP), China Insurance Automobile Safety Index (C-IASI), China Automobile Consumer Research and Evaluation (CCRT) and China Automobile Health Index (C-AHI). In the same month, the Ideal L8 also became the SUV model with * achievements in the crash test history of China Insurance Research Institute. In the passenger safety index inside the car, the passenger safety index outside the car and the vehicle auxiliary safety index, the ideal L8 all got the highest rating of G (excellent), especially in the 25% offset crash test on the passenger side of non-standard test items.

A series of excellent crash results depend on the powerful ideal fortress safety car body design, which is a defensive car body structure deeply developed by LI, and strives to provide 360 all-round protection for family members in every position in the car. First of all, LI determined the energy distribution strategy at vehicle level, system level and key parts level, and built a more scientific and reasonable power transmission path and section size system for each main power transmission channel in turn. Secondly, LI designed a cage-type car body with ultra-high torsional rigidity, and used boron steel (hot formed steel) at key positions to form a protective structure with higher strength. At the same time, LI insists on improving material selection, adopts positive energy management and load distribution for body-in-white, carries out accurate topology of key parts and cross-section structure of the body, and truly uses good steel on the blade. The standard flagship ideal fortress safety body truly realizes the equal rights of safety technology.

In addition, following the four five-star certifications of Ideal L9 in China Automobile Health Index (C-AHI) rating, Ideal L8 also recently obtained four five-star certifications in China Automobile Health Index, becoming a well-deserved "green house" to protect family members.

Stepping into a new development chapter with "dual-energy strategy"

Recently, LI officially released the "Double Energy Strategy", which indicates that the brand will exert all-round efforts in "intelligence" and "electric energy". More importantly, by 2025, LI will form a product layout of "one super flagship model+five extended-range electric vehicles+five high-voltage pure electric vehicles", which will face a market of more than 200,000 and fully meet the needs of home users.

In terms of "intelligence", ideal intelligent driving has officially entered the 3.0 era, from high-speed scenes to urban scenes. This system uses three neural network large model algorithms: static BEV network algorithm, dynamic BEV network algorithm and Occupancy network algorithm to restore, and uses NeRF technology to enhance the Occupancy network algorithm to achieve higher accuracy and details, so as to provide accurate information in the decision-making planning of complex urban scenes. At present, based on the accumulation in the past five years, LI has already had the most intelligent driving training mileage in China, which has reached more than 400 million kilometers. The urban NOA navigation-assisted driving system with ideal AD Max 3.0 is planned to push internal test users from the second quarter of this year. By the end of 2023, there will be more than 100 domestic cities, and with a set of technologies, cities and highways will be completely opened. Some intelligent driving abilities based on large-scale model training will also be released to users who adopt ideal AD Pro hardware models.

In terms of "electric energy", LI has officially entered a new stage of "extended range electric" and "high voltage pure electricity". For the pure electric products to be released in the future, LI has deeply cultivated the core technology and landed an 800V ultra-charged pure electric solution. Its advantage lies in making users bid farewell to mileage anxiety and giving pure electric users a "refueling" experience. LI’s pure electric products will adopt a new generation of self-developed electric drive system composed of 800V silicon carbide power modules, with comprehensive optimized design scheme and more advanced resource integration, which will make breakthroughs in all energy efficiency indicators. In addition, in order to reduce the charging difficulties of users of pure electric vehicles, LI officially launched the "Ideal 4C Super Charging Station" and the overcharge network, so as to realize the rapid recharge of charging for 10 minutes and increasing the battery life by 400 kilometers. By 2025, the goal is to build more than 3,000 charging stations. At the same time, the ideal AD Max 3.0 will also be integrated with the ideal 4C super charging station *, making it more convenient for users to go to the super charging station than to the gas station.

Optimize the layout of sales network and enhance the status of the industry *

In the first quarter, in order to support the development of multi-vehicles, LI continued to expand the network layout and accelerate the upgrading of store quality, so as to provide users with more convenient and efficient services. Since late June last year, LI has expanded or optimized nearly 50 existing stores. As of April 30, 2023, LI has 302 retail centers nationwide, covering 123 cities; There are 318 after-sales maintenance centers and authorized car body panel spraying centers, covering 222 cities.

The ever-increasing profitability and cash flow have become the basis for enterprises to continuously invest in R&D and business capabilities, and also provide strong support for brands to maintain their position in the new energy vehicle market. With strong product strength and excellent operational efficiency, LI will continue to strengthen its commercial and service capabilities, create greater value for users and further enhance the flywheel effect of enterprise development.

　　A, classification management ideas and standard setting

　　Different choices of civil subjects based on network anchors, as well as different civil contract designs from platforms and brokerage companies, constitute different tax payers and different tax objects in tax law, and apply different substantive rules and collection and management procedures, which inevitably requires the introduction of hierarchical management ideas. Classified taxation management is the essential appeal and concrete embodiment of the statutory principle of taxation. Under the guidance of classification, focusing the collection and management efforts on high-income groups such as head anchors and star anchors is in line with the requirements of the principle of collection and management efficiency, and also meets the requirements of the times to play the role of tax social distribution regulation under the background of common prosperity.

　　How to set the standard of classification is the first question that needs to be answered. The first and bottom line standard is to classify according to the clear provisions of the tax law, and stick to the bottom line of no one size fits all.

　　From the main design point of view, the network anchor is either in the form of a natural person, or in the form of an individual industrial and commercial household, a sole proprietorship enterprise and other organizational forms; In terms of civil contract design, the network anchor either signs a labor contract or business contract with the live broadcast platform, or signs a contract with a brokerage company and forms a tripartite relationship with the live broadcast platform; From the type of income, the main income is labor remuneration and business income (including the business income of natural persons, individual industrial and commercial households and sole proprietorship enterprises), and under special circumstances, it is salary income. If a company is established, it should also be taxed according to enterprise income tax.

　　It is necessary to combine the above various civil subjects and their different contract types, and carry out classified collection and management in accordance with the clear provisions of the tax law, including income tax and value-added tax. The bottom line that needs to be grasped is that we can’t blindly make a one-size-fits-all approach, that is, unify the collection and management according to a certain subject type and contract type.

　　A more guiding standard is to classify according to the amount of income, and advocate the establishment of individual industrial and commercial households, sole proprietorship enterprises and other organizations for high-income groups such as head anchors and star anchors and tax them accordingly. The important orientation of classified management is the collection and management of high-income groups, such as head anchors and star anchors. The amount of income should be regarded as an important standard of classified management, and a standard of amount can be determined by month or year (for example, 100,000 yuan per month or 1.2 million yuan per year). For those above this amount, tax authorities and platforms advocate the establishment of individual industrial and commercial households, sole proprietorship enterprises and other organizations, and handle tax registration, standardize the establishment of accounts and tax accordingly. Of course, it is not mandatory to advocate the establishment of an organization, and taxpayers’ free choice should be respected.

　　Second, the taxation and scheme design of two types of network anchors

　　According to the above standards, we can roughly outline two tax forms of network anchors:

　　The first category is to advocate the establishment of individual industrial and commercial households, sole proprietorship enterprises and other organizations for network anchors above a certain standard amount and tax them accordingly;

　　The second category is network anchors that have not reached a certain standard amount, or have reached a certain standard amount but have not established individual industrial and commercial households or sole proprietorship enterprises.

　　The taxation of the first type of network anchor should be the key concern.

　　The first type of collection and management scheme is designed as follows:

　　(1) Main taxes and tax items: personal income tax is taxed according to "business income" and value-added tax according to "modern service industry" or "life service industry". As far as individual taxes are concerned, from the perspective of formal taxation, the establishment of individual industrial and commercial households and sole proprietorship enterprises should generally be taxed as "business income", and in special circumstances, it can be taxed as "labor remuneration" based on the principle of substantive taxation.

　　(2) Collection and management methods and invoice management: taxpayers declare by themselves, issue invoices by themselves or apply to the tax authorities to issue invoices on their behalf. Whether it is individual tax or value-added tax, for the establishment of an organization, taxpayers should declare themselves, issue their own invoices or apply to the tax authorities for invoicing.

　　(3) Tax determination method: mainly based on audit collection, supplemented by approved collection. According to State Taxation Administration of The People’s Republic of China’s "Strengthening the Tax Administration of Employees in the Entertainment Field", "individual studios and enterprises that are required to be established by celebrity artists and network anchors should be instructed to establish account systems according to laws and regulations, and tax returns should be made by means of audit collection." Therefore, for such anchors, tax registration should be handled, accounts should be strictly established, and accounts should be audited and collected; Considering the difficulty in establishing accounts and saving the cost of collection and management, we can also consider collecting some anchors by verification, but we should ensure the balance of tax burden between the collection by verification and the collection by audit, so as to avoid the alienation of verification into a tax preference tool. (4) Tax payment place and competent tax authorities: According to the relevant provisions of the tax law, "operating income" should be declared and paid in the tax authorities where the business management is located, and the competent authorities are the tax authorities where the business management is located. In terms of value-added tax, it should be declared and paid by the tax authorities in the place where the institution is located or where it lives, and the competent authority is the tax authorities in the place where the institution is located or where it lives.

　　The second type of collection and management scheme is designed as follows:

　　(1) Main taxes and tax items: personal income tax is taxed according to "labor remuneration" or "business income" and value-added tax according to "modern service industry" or "life service industry". If there is no organizational structure, the income obtained from the platform or brokerage company can be taxed as "labor remuneration" or "operating income". From the point of view of collection and management efficiency, we might as well simplify it: whether it is continuous and regular activities for business purposes, and the size of income quota, as the distinguishing standard. Those who do not reach a certain standard amount are generally taxed according to "labor remuneration" (which can be understood as non-sustainability, regularity and small income); For those who reach a certain standard amount, they can be taxed as "operating income" (which can be understood as continuous, regular and large in income).

　　(2) Collection and management methods and invoice management: if the tax is levied according to "labor remuneration", the payer (platform or brokerage company) will withhold and remit it when paying, and the anchor will make annual final settlement; The "operating income" shall be declared by the taxpayer. In invoice management, the former is opened by the anchor applying to the tax authorities, and it can also be considered to be opened by the platform or applied to the tax authorities; The latter is issued by the taxpayer himself or by the tax authorities.

　　(3) How to determine the tax: if the tax does not reach a certain standard amount, it will be taxed as "labor remuneration", and the withholding agent will withhold it and broadcast the personal annual settlement; For those who are taxed according to "operating income", because there is no organization, they will generally adopt the approved collection, but taxpayers can also audit the accounts if they establish accounts.

　　(4) Tax payment place and competent tax authorities: if tax is paid according to "labor remuneration", tax payment shall be declared at the tax authorities where the household registration is located, the habitual residence or the main source of income; If there is a withholding agent, the tax authorities where the withholding agent (such as the platform) is located shall withhold the declaration. Taxes levied on "business income" shall be declared and paid by the tax authorities in the place where the business management is located, and the competent authority shall be the tax authorities in the place where the business management is located. In terms of value-added tax, because there is no place where the organization is located, it should be declared and paid by the tax authorities at the place of residence or where the live broadcast activity takes place, and the competent authority is the place of residence or where the live broadcast activity takes place.

　　No matter which of the above types, the network platform undertakes certain duties and obligations to assist in tax collection.

　　First, the obligation to withhold and remit. For the individual tax levied according to "labor remuneration", the main obligation of the platform is the obligation of withholding and remitting.

　　The second is the determination and sharing of live broadcast turnover. Whether it is reward income or sales income, the platform can grasp it in time and provide it regularly according to the requirements of tax authorities.

　　Third, urge the anchor to handle tax registration, standardize the establishment of accounts, declare and pay taxes in time, and undertake certain inspection obligations and reporting obligations to the tax authorities.

　　Fourth, the feasibility of entrusting the collection. From a practical point of view, entrusting to collect taxes is not the mainstream choice of tax authorities, but there is room for entrusting the platform to collect taxes for network anchors, especially for anchors whose income is higher than a certain standard amount but without an organization. The competent tax authorities can sign an entrustment agreement with the platform to entrust them to collect taxes according to the Administrative Measures on Entrusted Collection.

　　In addition, the tax bureau should also strengthen the ability of data tax management, such as the construction of electronic tax bureau, electronic tax registration, electronic invoice and other related convenience systems, and at the same time strengthen the ability of data sharing with the platform.

　　Third, the policy declaration and legal expression of classified management

　　In recent years, the tax system has strengthened the tax collection and management of webcasting industry, which shows the spirit of the rule of law of statutory and strict tax collection and the times demand of common prosperity, but at the same time, it has also caused great uncertainty and even panic to the practitioners of webcasting industry and related industries: Is the tax rectification of network anchors a temporary "Great Leap Forward" or a continuous implementation of the rule of law? What is the policy orientation for tax consolidation, unified and integrated governance, or focusing on the big and letting the small and releasing water to raise fish?

　　In addition, the resonance between the complexity of tax law norms and the complexity of the design of network anchor trading model also increases the uncertainty of anchor paying taxes according to law and tax compliance, and the lack of clear policy list guidance also increases the illegal risk of tax law. On September 18th, 2021, State Taxation Administration of The People’s Republic of China issued "Strengthening the Tax Administration of Employees in Entertainment Field", but it did not make clear policies and specific rules.

　　In the face of the ongoing tax clearance of the live broadcast industry, tax authorities, network anchors, platforms and other parties should seek to build a basic consensus. The tax system can clearly declare its position on anchor tax collection and management through the rule of law, that is, taxation according to law and strict collection and management, as well as giving play to the social distribution and regulation function of taxation under common prosperity; In terms of policy, the tax authorities should establish the management thinking of classification and clarify the standards of classification and classification, that is, focus on the collection and management of high-income groups such as head anchors and star anchors, and at the same time follow the clear provisions of the tax law and stick to the bottom line of the rule of law that does not apply across the board.

　　On this basis, the tax authorities should construct typical types of network anchors and sort out the current tax rules, and stipulate the tax collection and management types, tax collection methods and invoice management, tax determination methods, tax payment locations, competent tax authorities and tax-related assistance obligations of platforms for different types of anchors, so as to provide clear guidance for network anchors and platforms. This should be an urgent task and a fundamental solution to the current legalization of taxation in the live broadcast industry.

　　(Author Wang Zongtao is an associate professor at Xiamen University Law School, doctor of law)