分类： yutyiyu

The happiness index in summer is closely related to the cooling effect of the air conditioner. In the hot summer, the most comfortable lifestyle is to stay in the air-conditioned room, but the same is the room with air conditioning, the cooling effect may be very different, because if the air conditioner is not selected correctly, the cooling effect will not be good. Some people may think that buying a large air conditioner is definitely right, but in fact, it is really not possible to choose this way. Generally, air conditioners are used to describe the size of the cooling capacity. If you choose a large air conditioner rashly, it may eventually be worth the loss.

The number of air conditioners is small, and the cooling effect will be relatively poor, but if the number of air conditioners is too large, the power consumption will be relatively high. In the end, the same cooling area consumes a lot of power in vain, and the air conditioner will start and stop frequently when it reaches the predetermined temperature, resulting in a reduction in the life of the air conditioner. Therefore, it is very important to choose the right air conditioner. If you really don’t know how to choose a bedroom air conditioner, then buying a large air conditioner is a more secure way, and the price of this type of air conditioner is also very cheap. For example, the following Xiaomi new first-class energy-efficient air conditioner.

A large air conditioner is a choice between a 1-horse air conditioner and a 1.5-horse air conditioner. It is basically suitable for mainstream bedrooms. As long as the bedroom is not too large, it is completely sufficient. Like Xiaomi’s large air conditioner, it sells very well. However, this is also related to the price conscience of Xiaomi’s air conditioner itself. Since Xiaomi entered the air conditioner industry, it has quickly opened up the market with its cost-effective positioning. Compared with traditional air conditioners, its air conditioner has a higher appearance and looks more technological.

The same is true for this Xiaomi new first-class energy-efficient air conditioner. From the appearance, it is definitely a high-value air conditioner, and its price is indeed inexpensive. It usually costs only 2099 yuan. You must know that this is a new first-class energy-efficient air conditioner, rather than a lower-cost third-class energy-efficient air conditioner. It is very power-saving for daily use. In addition, it uses full DC frequency conversion technology to further save power and save energy, and its service life is longer. And now Xiaomi has also lowered its price for a limited time, making it more affordable.

Although the price is low, its functions are really quite complete, it can achieve rapid cooling and heating, and can also operate in a wide temperature range. Even if it is cold and hot outside, it can also provide a comfortable temperature. In addition, it also supports self-cleaning of internal and external machines, eliminating the trouble of cleaning. As a member of Xiaomi AIoT, it is also connected to Xiaomi’s whole house intelligent ecosystem, supports remote control, and can also achieve voice control with Xiao Ai’s intelligent voice assistant. It is worth mentioning that this air conditioner also has the effect of repelling mosquitoes. Just use the Mijia Health Filter with a built-in mosquito repellent module.

In terms of the functions and price of this air conditioner, its cost performance is very high, but now the reason why it is specifically mentioned is because in the official flagship store of Xiaomi, its price has dropped by 1789 yuan, which is particularly cost-effective. Moreover, other air conditioners in the flagship store of Xiaomi are also time-limited, and many rice fans have also lamented Lei Jun’s "have no martial arts ethics". It was originally a mobile phone manufacturer, but now it is almost impossible for friends who make air conditioners to survive. However, from the perspective of consumers, Xiaomi is really doing good things and hopes that it will continue to make efforts.

On September 12th, AITO’s new M7 series was officially launched. The new M7 enjoys six seats and five seats. With its leading intelligent experience, excellent space, excellent comfort and all-round safety protection, it has once again set a new benchmark in the market segment. At the same time, the Ministry of Industry and Information Technology announced the 375th batch of "Road Motor Vehicle Manufacturers and Product Announcements", and AITO’s M9 was listed.

As the first full-size flagship SUV under the AITO brand, Wenjie M9 is based on the newly created D-class luxury SUV platform, with a new family design, a changeable space comparable to MPV level, an all-aluminum alloy chassis of luxury car level, and Huawei smart car full-stack technology solutions including smart cockpit, smart driving, Huawei megapixel smart headlights, Huawei AR HUD, Huawei AI big model, etc., bringing a new all-scenario intelligent experience. Not only that, but M9 will also be equipped with Huawei’s most intelligent security system.

Previously, it has been announced that the pre-sale price of the M9 is 50-600,000 yuan, and it will be officially released in the fourth quarter of 2023.

Dual-color body, a new family design language

Q Jie M9 continues the Q Jie brand’s consistent aesthetic principle of "extreme, simple and pure", and introduces a new family design language. With the design concept of aesthetic integration of humanities and technology, it opens the era of intelligent aesthetic design of Q Jie series.

The design of the M9 has a very recognizable "skyline". The public diagram shows that the M9 adopts the double-color body design commonly used in top high-end luxury cars. The blue body is matched with a silver roof, which not only has a majestic calm charm, but also brings a sense of suspension.

The M9 vehicle is simple and advanced in shape, with 21-inch new styling wheels, outlining a form that combines stability, speed and power. The iconic smart headlights integrate many functions into the same element, forming a highly integrated design, and the front and rear designs echo, further strengthening the sense of wisdom and distinct recognition.

Flagship full size, extravagant and large space

As a full-size flagship SUV, the Wenjie M9 is 5230mm long, 1999mm wide, 1800mm high, and has a wheelbase of 3110mm.

Through leading structural design, Winjie M9 realizes the same flat floor riding experience as MPV, which not only makes it more convenient for second and third rows to enter, but also allows third-row passengers to bid farewell to the "small bench" and bring a more relaxed long-distance travel experience.

Based on the design concept of equal rights for six seats, Qinjie M9 also provides a variety of comfortable experiences beyond the MPV level through innovative space layout, so that every passenger in the car has the same comfortable first class experience. The six seats in the three rows of the car support electric adjustment, and can also provide 3, 4, 5, and 6 seat modes according to user requests, which can be switched arbitrarily in different scenarios to improve the flexibility of the interior space.

Extended range pure electric, smart driving control car is easy to drive

According to the public information, the M9 model is equipped with a four-wheel drive system as standard, covering both extended range and pure electric power forms. All of them use high-energy density batteries to bring stable long-range battery life, and the extended range can be powered by oil and electricity, allowing users to bid farewell to mileage anxiety. Pure electric vehicles cooperate with the industry’s leading high-power high-voltage super fast charging platform to make the user’s energy replenishment experience more efficient and convenient.

At the same time, with the support of the HUAWEI DriveONE electric drive intelligent platform, the Wenjie M9 not only shows excellent performance, but also takes into account low energy consumption. According to the public information of the Ministry of Industry and Information Technology, the energy consumption of the whole vehicle of the Wenjie M9 extended range version is as low as 6.9L/100km, and the power consumption of 100 kilometers is 24.3KWh/100km. The pure electric version of the model consumes 17.4KWh/100km.

It is worth mentioning that the Q & J M9 is equally impressive in terms of driving performance. The luxury car-grade all-aluminum alloy chassis, the standard air spring and CDC shock absorption system in the whole system, and unique technologies such as HUAWEI DATS 2.0 will bring leading intelligent driving control, allowing the car to have a light and easy driving experience.

Huawei’s intelligent "black technology" blessing, "understands people, understands roads and understands cars"

In terms of intelligent experience, the Q & J series has always been far ahead. As Huawei’s flagship product of deep empowerment, Q & J M9 has fully loaded Huawei’s smart car full-stack technology solutions. On the basis of intelligent cockpit and intelligent driving "dual intelligence", Huawei intelligent vehicle control, Huawei megapixel smart headlights, Huawei AR-HUD, light field screen, Huawei SOUND, AI big model and other black technologies are all collected to bring users an unprecedented full-scene intelligent interactive experience.

Different from the simple stacking design, Huawei has injected emotion into technology through its own years of precise control of user requests, and polished the intelligent experience of humanities, technology and aesthetics. Take the smart cockpit as an example, the Wenjie M9 will be equipped with the latest Hongmeng smart cockpit, in which the car voice assistant Xiaoyi will be connected to the AI large model, incarnated as a "personal butler" who knows you understand you, making the interaction more natural and intelligent, and making the car "smarter and smarter the more you drive, the more you understand you."

From exterior design, spatial layout, power performance, driving experience to intelligent configuration, the Q-World M9 brings a flagship-level luxury configuration, which will also bring users a different smart travel experience.

　　Xinhua News Agency, Beijing, February 10. Question: 66-day asking price 40,000 multiple, how to generate a "sky-high bill" for online car-hailing?

　　Gao Yiwei, Lu Huadong, Xinhua News Agency "China Network" reporter

　　Mr. Zhao, who lives in Chongqing, called an online car-hailing more than two months ago, but received an online car-hailing bill on February 8 this year: the journey was 3.1 kilometers, but it took more than 66 days, and the fare 40,000. How did this "sky-high bill" come about? The reporter launched an investigation.

　　"Zombie order" becomes "weird bill"

　　At around 22:00 on November 13, 2016, Mr. Zhao used the "Yidao" taxi app at Chongqing North Railway Station to call the driver, Master Tan, for an online taxi. After a long time, Mr. Zhao did not wait for the bus to arrive, so he called the driver; Master Tan said that he had received a person and went to the destination. "The driver picked up the wrong person, but asked me to cancel the order." Mr. Zhao did not agree, believing that the problem with the order was not his fault, and Master Tan did not pick up Mr. Zhao again that night.

　　Afterwards, Mr. Zhao complained about the situation to the customer service of Yidao. While waiting for Yidao’s reply, Mr. Zhao would sometimes use the "Yidao" software to book a car online. Half a month later, Mr. Zhao received the result of Yidao’s handling of Master Tan: a fine of 500 yuan and a period of study.

　　However, throughout the process, the order has not been cancelled. It was not until December 3, 2016 that Mr. Zhao received a message reminding him that the order on November 13, 2016 had been started by the driver, Master Tan.

　　"I didn’t care at the time, after all, there was a problem with this order, and the driver, Master Tan, was also punished," Mr. Zhao said. However, on the morning of February 8 this year, Mr. Zhao received the news that the trip was over. He opened "Easy to" and was taken aback. The driver, Master Tan, completed this "trip" for a total of 3.1 kilometers, which took 1,598 hours and 13 minutes (from 19:03 on December 3, 2016 to 9:16 on February 8, 2017). The total cost was 40,838.66 yuan.

　　This "bizarre bill" generated by the initial pricing of the "zombie order" unexpectedly lasted for 66 days. In addition to the previous pre-deposit of 230.05 yuan, Mr. Zhao still had to pay 40608.61 yuan.

　　Naturally, Mr. Zhao would not approve of the fare. "From the first complaint to now, why did this happen? Why didn’t Yidao find out in time when there was an abnormal fee?" But he was also a little worried that if he didn’t pay the fee, it would affect his personal credit.

　　Pan Yue, a staff member of Yidao, said that at that time, the passenger insisted on not canceling the order, and also told the customer service not to cancel, insisting that the driver cancel; and the driver did not cancel, and then unilaterally started the trip, resulting in additional costs for the passenger. At present, Yidao has properly handled the bill, and the passenger has no loss and is recognized; the driver in question has maliciously swiped the order, and the platform has cancelled the cooperation with the driver.

　　The reporter dialed the driver’s phone number, Master Tan. After connecting, the reporter identified himself, and the other party directly hung up the phone.

　　Who is to blame for "sky-high fares"?

　　- Why can an online ride-hailing driver pick up other passengers without canceling the order? In this regard, an industry insider in the online ride-hailing platform industry revealed that under normal circumstances, if a passenger does not cancel the order, the driver cannot take another order. He speculated that the driver may have a "one-car multi-platform" situation.

　　- Why did the bill last for 66 days? The industry insider said that many online car-hailing software does not have a "circuit breaker" mechanism or program that "terminates when it reaches a full amount of yuan and terminates when it runs for as many days." "This requires the back-end managers of the online car-hailing platform to monitor the platform bills in real time, screen out abnormal bills, review them one by one, and actively contact drivers and passengers to understand the specific situation."

　　- Do passengers have to pay for online ride-hailing? Zhong Yuan, a doctor of economic law at Wuhan University Law School, believes that the premise for passengers to pay the fare is that the passenger transportation contract is established and the other party has fulfilled the obligation to deliver the passengers to the destination safely. However, because the driver cannot come, the passenger refuses to cancel the order. There is a dispute between the two parties, and the order is not actually generated. Therefore, the passenger transportation relationship between the two parties has not been established, and the passenger does not need to pay the fare.

　　- Is the online ride-hailing platform responsible? Liu Junhai, director of the Institute of Commercial Law at Renmin University of China, believes that the driver is selected by the online ride-hailing platform and has the responsibility of management constraints, and the online ride-hailing platform also collects a certain share of the commission. Since it benefits from it, it has corresponding responsibilities and obligations. "The online ride-hailing driver performs part of the behavior on the agency platform, and the platform should also bear the consequences, rather than skimming the responsibility."

　　On October 25, 2016, the China Consumers Association released the "2016 Online Car-hailing Service Experience Report". The online car-hailing service has problems in security, communication, orders, invoices, etc. Among them, the proportion of orders that cannot be cancelled accounted for 68.2% of the overall experience. However, in terms of the platform’s explanation of orders that cannot be cancelled, the experiencer scored 56.0 points for its reasonableness, which was relatively low.

　　Online car-hailing management should be better

　　For the various problems of the current online car-hailing platform, many industry insiders believe that the online car-hailing platform should pay attention to user experience, improve service capabilities, make up for loopholes, strengthen professional staffing, formulate more perfect online car-hailing driver management methods, innovate early warning mechanisms, strengthen the formation of intervention mechanisms, and improve complaint handling capabilities.

　　Gu Dasong, executive deputy director of the Transportation Rule of Law and Development Research Center at Southeast University, suggested that when granting licenses to online ride-hailing platforms, localities can sign more detailed agreements, including some requirements that are not stipulated in the law but are based on public interests, to strengthen the management of online ride-hailing drivers. This is not an extrajudicial obligation, but to better manage and regulate the healthy development of the online ride-hailing industry.

　　Cao Zhefu, a lawyer at Tianjin Zhongmei Law Firm, suggested that online ride-hailing platforms establish a more complete handling mechanism for "cancelled orders" and "abnormal orders".

　　So, how can passengers solve the problem of online car-hailing at present? Gu Dasong suggested that if passengers encounter unfair charges in the process of taking online car-hailing, passengers can first complain to the online car-hailing platform and wait for the platform to deal with it; if passengers are not satisfied with the handling result, they can also complain to the higher supervision department. The online car-hailing supervision department can promptly disclose the complaint information and handling results of each platform to the whole society through the media and websites. "The pressure to disclose the complaint information to the platform is also greater."

　　Cao Zhefu suggested that when passengers refuse to book a car online, they should keep the evidence of their refusal, so as to explain the situation in the event of a dispute later. Pan Xiang, a partner of Beijing Anjie (Shenzhen) Law Firm, believes that passengers should raise their awareness of rights protection. In such situations, they can complain to the relevant regulatory authorities; if there is property damage, they can also sue in court. (Participate in writing: leaves)

By [Yingxuan Automobile Studio] @ Engineering Woman’s Garage

Our pickup truck is the oldest model, which was born in 1996, earlier than SUV (the development of SUV Saifu began in 2001). It was Wei Jianjun who visited the United States and saw pickup trucks everywhere, so every household drove pickup trucks, so he made up his mind to make pickup trucks.

The first pickup truck was called Deere, which was not called "cannon" at first. At that time, Baoding had a pickup truck called Tian Ye, which had been made for four years, but it was not made. However, it is still very powerful. After Deer pickup truck was made, it reached an annual output of 13,200 as soon as it went on the market, basically dividing up the market of field pickup trucks, and the field pickup trucks disappeared.

What’s so powerful about this Deer pickup? It is the front and rear bridge of Hilux, hilux. This is a very classic and famous pickup truck in the whole off-road circle, with a displacement of 4.0 liters. How powerful is this pickup truck?

Many off-road images of cruel desert operations in the Middle East War confirmed the strength of its chassis, which was independent suspension of the front double wishbone and dependent suspension of the rear leaf spring. And part-time 4wd+rear differential lock. Especially durable, low torque and super torque. Take some bad roads and get out of trouble quite well. Later, Top gear did a program to violently test hilux, put it in seawater, then hit it with a big hammer, set fire to the roof and so on. Finally, it could open the car door and start the engine and drive away.

It can be said that the reputation of "not bad to drive" also has the credit of this car.

Later, another very famous off-road vehicle Fortuner Crossover was a hard-core SUV based on this chassis. Similarly, in addition to our domestic pickup trucks, the Middle East is now Hilux, hilux.

Having said that, that is to say, our pickup truck was first learned. OK。 Then the birth marks the end of this era of reverse imitation. At the 2019 Shanghai Auto Show, the name ""was released. It is said that this name also comes from the internal culture. Because we all know that it is militarized management, and we admire sword spirit very much.

When this brand-new platform for P71 pickup truck is independently developed by ourselves, it is a pickup truck platform that is fully developed. When we want to give a name to the new car, everyone thinks of "cannon". Pickups are now mainly divided into three series.

First of all, the low-end is the original Fengjun series, which is basically around 70,000 to 80,000. Then there is a relatively high-end fashion series, 100,000-140,000. There are passenger version, commercial version, off-road version, artillery and locomotive version. The passenger version and the commercial version are divided into two-wheel drive and four-wheel drive, and the diesel version is slightly more expensive than gasoline and diesel. There is also a tea king edition, which is equivalent to the highest diesel match. The size is also a little bigger. Off-road version is the concentrated version of all cutting-edge off-road technologies, and it is also the most bright version. It is divided into 4-5 versions according to off-road degree and gasoline and diesel. The artillery version is a cross-country toy version like the tank 300, and it mainly embodies individual play like the locomotive version.

In addition, there is a series of King Kong cannons, which is a more fashionable version based on the original Fengjun series, and the price is similar. Packed with a more beautiful exterior interior.

Please watch the next episode: comprehensive analysis of technology, how to choose all models? (2) Timely four-wheel drive

　　On October 18th, the three major indexes of A shares fell collectively.Down 0.8%,It fell by 1.24%.Down 1.2%.

　　From the plate,The industrial chain has risen against the market. Wind data shows that the index rose by 1.29%,、、、Daily limit,、、、Up more than 4%,、Wait for multiple shares to follow up.

　　For the automotive sector,Dongguanpoint out, the new force car companies headed byOrders grew rapidly during the National Day holiday, and the market fever is expected to continue., or it will drive the automobile consumption at the end of the year to consolidate the realization of the steady growth goal of the automobile industry throughout the year.

　　Huawei automobile industry chainAmong the stocks, these twoCar companies have seen a large increase recently. At the same time, the landing of new products is expected to bring a new round of volume cycle:

• In the past 33 trading days, it rose by 161%, and the number of new models of the company exceeded expectations. The model platform, intelligent cockpit and intelligent driving flagship with Huawei’s deep participation may be listed in December, and it is expected to start a new round of loading cycle under the catalysis of channels and products.

• In the past five days, the cumulative increase of the company has exceeded 21%, and the transformation is getting better and better. In September, the automobile sales volume improved to a great extent, the export momentum was steady, and the overseas strategic development was accelerated. The continuous new car cycle is expected to promote the company’s sales andImprove.

　　1、（601127.SH）

　　(1) Recent market conditions

　　On October 18, A shares closed.（601127.SH）The daily limit is 85.91 yuan. The turnover on that day exceeded 9.8 billion yuan, ranking first in A shares. Since August 25th, the stock has soared.As of the close of 18th, the stock rose as high as 161.20%..

　　According to the company official website, Sailis is a technology-based manufacturing enterprise with automobile as its core business, and its business involves new energy vehicles and core three power plants (, electric drive, electronic control), research and development, manufacturing, sales and service of traditional automobile and core component assemblies.

　　thinkThe company and Huawei have deep cooperation in the intelligent selection mode to build a brand in the world, and it is expected to start a new round of volume cycle under the multi-point catalysis of channels and products.

　　(2) investment points (、(Hong Kong), etc.)

　　(1) The number of new M7 orders in the world exceeded expectations.

　　A few days ago, ask the world, from September 12th to October 6th,The new M7 in Wenjie will exceed 50,000 sets.On October 6, the single-day big decision exceeded 7,000 vehicles.Set another one-day record.

　　From the functional point of view, M7 is equipped with HarmonyOS Intelligent Cockpit 3.0 system, which has massive applications, seamless switching of mobile phones to cars, ecological sharing and voice interactive upgrade experience. In addition, Wenjie M7 is equipped with Huawei ADS Advanced Intelligent Driving 2.0, which is infinitely close to L3 intelligent driving experience.

　　(Hong Kong) thinksHarmonyOS’s increasingly perfect ecology has gradually reflected the promotion of cross-border orders.It is expected to drive the sales volume of the industry to bottom out.. With the strong R&D support of Huawei,The safety and practicability of assisted driving technology will quickly enter the first echelon in China.Regional coverage and vehicle application are expected to continue to develop.

　　② The M9 is expected to be listed in December.

　　In order to seize the "Golden September and Silver 10" consumption peak season, the pace of major brands announcing the launch of new cars has obviously accelerated.According to the 375th batch of Announcement of Road Motor Vehicle Manufacturers and Products issued by the Ministry of Industry and Information Technology, M9 and M9EV are listed..

　　The new car is based on the newly built D-class.The SUV platform will be equipped with all-aluminum chassis, intelligent cockpit, intelligent driving, Huawei megapixel smart headlights and Huawei A.UD, Huawei AI big model, etc.

　　The pre-sale price range of AITO bound M9 is 500,000-600,000 yuan, which is compared with the standard Mercedes-Benz GLS and the ideal L9.It is expected to be officially listed in December 2023..

(Source: Ministry of Industry and Information Technology website)

　　point outThe M9 represents a new round of cooperation between Huawei and Celeste in car selection business (China is the first deeply involved vehicle platform, intelligent cockpit and intelligent driving flagship configuration).It is expected to continue to enhance the brand power of AITO..

　　③ Binding Huawei+independent breakthrough and waiting for the transformation effect.

　　1) Cooperation.：

• In order to further improve the management efficiency/decision-making response speed, in July 2023, the company and Huawei set up the "AITO Joint Working Group on Marketing and Service", and the cooperation will not only be limited to the front end of sales, but also open to the after-sales to achieve end-to-end closed-loop cooperation management.

• Huawei empowers the Cyrus brand in products and channels, and the vehicles in the border area are equipped with intelligent configurations such as HarmonyOS car system and HUAWEIADS advanced intelligent driving system, and are sold by online Huawei Mall and a large number of offline stores, which has strong competitiveness.

　　2) Autonomy：

• Focusing on system architecture construction, the company has built a number of key platforms, such as Rubik’s Cube Platform and Cloud Sea Architecture. In the first half of 2023, the company added 315 authorized patents and 1,058 new patent applications.

• estimateIn 2023, Sellers sold 85,000 vehicles, up 6% year-on-year, among which the sales of M5 and M7 models were 45,000 and 40,000; In 2024, Sailis sold 255,000 vehicles, up 200% year-on-year, among which the sales of M5, M7 and M9 vehicles were 7.5, 11 and 70,000 vehicles.

　　：

　　point outThe Celestial brand that the company cooperated with Huawei has won strong market response and good product reputation.With the introduction of new M7 and M9, the sales of new energy vehicles are expected to be greatly improved.. It is estimated that the company’s revenue will increase by -20%, 233.1% and 30.5% from 2023 to 2025. GuimuIt is estimated that it will turn losses into profits in 2025.

(Source:)

　　At the same time, Cinda also suggested the following risks: car sales are less than expected, competition in the auto industry is intensifying, raw material prices fluctuate, and the launch progress of new models is less than expected.

　　2、（601633.SH）

　　(1) Recent market conditions

　　On October 18th, A shares closed up 3.72% to 30.98 yuan.The company’s share price rose for five consecutive days (October 12-October 18), with a cumulative increase of 21.11%..

　　Official website shows that the company’s business includes automobile and parts design, research and development, production, sales and service, and it owns Haval, Wei Brand, Euler, Tank and Great Wall pickup truck.

　　Recently,Release September production and sales express. The announcement shows thatIn September, the company sold a total of 121,632 vehicles, an increase of 29.89% over the same period last year; The output was 137,870 vehicles, an increase of 33.49% over the same period last year..

　　thinkThe company’s car sales in September improved to a great extent. Considering the bright performance of some new cars on sale,Looking forward to the continuous heavy volume in October..

　　expressIn the short and medium term, the company is determined to transform new energy.The continuous new car cycle is expected to promote the company’s sales and performance improvement.In the long run, the company’s four expansion strategies open up the long-term growth space of sales volume, and intelligent transformation opens up the profit space of the whole industry chain.

　　(2) Investment Points (,)

　　① New energy transformation is getting better and better.

　　In July 2020, the company proposed to transform into a global technology travel company. By the end of 2022, four business segments were formed, namely, Euler+Salon, Tank+Weipai, Haval and Great Wall pickup truck. The development strategy of hybrid, pure electricity and hydrogen energy in parallel has been established, and the whole industrial chain layout has been carried out in the fields of intelligent driving, intelligent cockpit and intelligent chassis.

　　Recently, President Feng Mu said in an interview during the Chengdu International Auto Show,It took the company three years to complete the electric transformation, and it will take another 2-3 years to complete the intelligent transformation..

　　According to the company’s production and sales data in September,Type-B sales continued to increase.In September, it sold 21,900 vehicles, a year-on-year increase of 111.23%. In the third quarter of this year, the company sold 77,121 vehicles, a year-on-year surge of 131.41%, and the company’s intelligent new energy achievements appeared.

　　Currently,Many new products of the company are ready to go.The focus is on inserting the mixed track, and the new car is clearly positioned. It is estimated that more than 10 intelligent new energy products will be launched in 2023. Many new energy vehicles such as Haval brand second-generation big dog, Xiaolong series, Raptor and H5, WEY brand Blue Mountain, Gaoshan, tank brand 300PHEV/500PHEV/400/700, and Euler and Salon brands are expected to make important contributions in the future.

　　② The export momentum is steady, and the overseas strategic development is accelerated.

　　According to the production and sales express in September, the company exported 30,018 vehicles in September, up 4.56% year-on-year, accounting for 24.7% of the group’s sales, and the export volume exceeded 30,000 vehicles for two consecutive months. From January to September, Great Wall Motor sold a total of 211,696 vehicles overseas, up +89.45% year-on-year.The company’s overseas export momentum is steady.. In the first three quarters, Great Wall Motor’s overseas sales accounted for 23.63%, 24.04% and 25.45%,In a sustained growth trend..

　　The company’s global layout is leading, with differentiated layout in Europe, South Asia, ASEAN, Latin America and other markets, and the pace of independent brands going out to sea is accelerated in an all-round way.Specifically:

• Haval H6, Haval JOLION, Haval Big Dog, Euler Good Cat, Tank 300, Great Wall Gun and other models have been listed in Cambodia, Vietnam, Brazil and other places, helping global sales to continue to climb.

• The star single product tank 500 has been listed in the United Arab Emirates, Saudi Arabia, Oman, Bahrain and other places, and continues to explore the Middle East market.

• The company formally signed a strategic cooperation agreement with ADM automobile factory of Uzbekistan automobile group on Uzbekistan market development cooperation, and a Great Wall strategy is accelerating.

　　Performance forecast:

　　Maintain the profit forecast, which is expected to be realized in 2023-2025.They were 1,742.30, 2,123.43 and 251.313 billion yuan respectively, up by 26.86%, 21.88% and 18.35% year-on-year, and the net profit attributable to the mother was 66.06, 87.12 and 11.210 billion yuan, up by -20.08%, 31.88% and 28.67.

(Source: Founder)

　　At the same time, Founder Securities also suggested the following risks: the sales of new energy vehicles were less than expected; The launch of new models is less than expected; Gross profit is damaged under the price war; Car exports fell short of expectations.

　　(The content of this article from licensed securities institutions does not constitute any investment advice, nor does it represent the platform’s point of view. Investors are requested to make independent judgments and decisions. )

　　Compared with last year’s "Five-nation melee", 13 films participated in this year’s National Day holiday, among which not only four Chinese 3D films, Di Renjie’s Dragon King, Escape from Life 3D, White Fox and Magic, were released one after another, but also a number of small and medium-sized 2D films fought fiercely. The Lone Ranger starring Johnny Depp also got on the last bus of the National Day holiday yesterday.

Young Detective Dee: Rise of the Sea Dragon

　　According to the latest data released by the ticket bar today, Tsui Hark’s new costume suspense film "The Dragon King, the God of Di Renjie" has been popular at the box office since it was painted on September 28, and the cumulative box office has reached nearly 400 million in the eight days since its release. It is reported that the box office of "Di Renjie" broke through 400 million in six days, which is second only to "Demon Journey to the West" and "The Great Embarrassment of People on the Road", which is roughly in sync with the speed of "Painted Skin 2" breaking through 400 million in eight days, accounting for more than 70% of the total box office in the same period, and also topped the overseas market except North America, becoming the most popular movie in the National Day of the Mainland.

　　In addition, in the fierce competition of National Day, Escape from Life 3D accumulated 77.7 million, Speed Snail accumulated 99 million, Magic accumulated 24.6 million and White Fox accumulated 25 million. The first day of the "Lone Ranger" released yesterday was 20 million.

The screening of "Di Renjie" is far ahead, and "Escape from Birth" is greatly influenced by "Lone Ranger".

　　Throughout the National Day period, the screening of The Dragon King, the God of Di Renjie, was far ahead, occupying about 30% of the national screening space. At the same time, the film performed strongly, which enabled the film market in the National Day file in 2013 to find a supporting point and the market to operate at a high level. Even in the face of competition for new films, the screening was almost unaffected, and the IMAX screen screening continued to focus on Di Renjie.

"The Lone Ranger" joined the war in the middle, squeezing the living space of other films again.

　　With a good reputation, The Escape from Life 3D directed by the Peng brothers was always the second runner-up with ultra-low decline before the release of The Lone Ranger. However, after the Lonely Ranger, which was painted in the middle of the National Day file, entered the war on October 5, the proportion of national screening on the first day was 18.42%, which directly led to a sharp drop in the screening of Escape from Life 3D, and I am afraid that it will become a passing line if it exceeds 100 million yuan. At the same time, the affected screening of "Psychological Warfare" also dropped by half, while the animated film "Speed Snail" was very resilient and the screening remained firm.

In 2013, the box office of the National Day file far exceeded last year’s Golden Week, and the total capacity will exceed 600 million.

　　After the overall box office downturn in September, The Dragon King, the God of Di Renjie, made the market warm up from a fatal low of 20 million per day to a high of over 100 million. However, judging from the daily box office, although "The Lone Ranger" was added halfway, it was more to dilute the market of films such as "The Dragon King of Di Renjie" and "Escape from Life 3D" than to add help to the market.

　　According to the market rules, the box office of the National Day movie market will gradually decrease every day. But despite this, in the case of the remaining two days, this year’s National Day box office has far exceeded last year. Especially, driven by Di Renjie, this year’s National Day box office averaged about 80 million yuan per day, and it is estimated that the final capacity of the whole Golden Week will reach more than 600 million yuan, among which the Dragon King, the God of Di Renjie, will occupy the majority.

Xu Laoguai fought "Di Renjie" after "Flying to Heaven"

Author | Cui Qiuyang

Edit | Chapter Ripple

Xiaomi Auto is one step closer to its official debut.

On August 29th, Xiaomi Group released the results announcement for the second quarter and the first half of 2023, and held a conference call.

On the whole, although the overall revenue decreased in the second quarter, the gross profit, operating profit and adjusted net profit all ushered in year-on-year growth, of which the operating profit and net profit reached 4.04 billion yuan and 5.14 billion yuan respectively, both of which increased by more than 130% year-on-year.

And published together with various financial data,There is also a set of data about Xiaomi’s automobile business: 1.4 billion yuan of research and development expenses.

Financial Information of Xiaomi Group in the Second Quarter of 2023

In this regard, Lu Weibing, partner of Xiaomi Group, president of the group and chairman of the brand Committee, revealed that thanks to the efficient use of funds, "this figure is even less than we expected."

Since the official announcement of the car, according to the public financial data, Xiaomi Group has invested more than 5.5 billion yuan in the automobile business, from supply to manufacturing, to products and sales..

The time plan for mass production in the first half of 2024 is getting closer and closer. What is the specific progress of Xiaomi Automobile??

01

Acknowledging the summer test, the progress of building a car exceeded expectations.

Although in the financial report meeting, Lu Weibing made it clear that the news about Xiaomi Automobile was not authorized by the company and could not be disclosed more, but a small part of the news was released.

He clearly admitted that Xiaomi Automobile had conducted a summer test in Xinjiang, and the progress was very smooth..

On August 19th this year, Lei Jun, chairman of Xiaomi, took a group photo on social media, with the IP belonging to Xinjiang, and the banner held by everyone in the photo read "Fight for Xiaomi Automobile".

Recently, Lei Jun released the Weibo in Xinjiang

This has aroused widespread concern from the outside world, and it has been speculated that Xiaomi Automobile is very likely to conduct a road test in Xinjiang in summer, and Lei Jun personally leads the team.

"Two days ago, I and Lei Zong sent Weibo’s IP to show in Xinjiang at the same time, and everyone was wondering whether we went to Xinjiang to take part in the summer test, which is true. Our summer test should be said to be very smooth. " In response to this incident, Lu Weibing gave a positive answer.

He added:"Our goal of mass production and sales in the first half of 2024 has not changed. Now everything is going very smoothly, which can be said to have exceeded our original expectations and plans.. "

According to Lu Weibing,Xiaomi Automobile currently has nearly 3,000 R&D personnel.. "When Xiaomi Automobile chose to enter the automobile industry from the beginning, we made all the layouts from the perspective of’ a century-old industrial change’ and with the strategic goal of’ Xiaomi will enter the top five global electric vehicle brands in the future’. Based on this layout, we adopted the whole process of self-research, and almost all aspects of our first car were self-developed by Xiaomi. "

Due to the choice of self-built factories and full-stack self-research, Lu Weibing said frankly,Xiaomi automobile has adopted a very over-investment approach."It can be said that in order to ensure the smooth progress of the first car, we have invested a lot. We will also disclose relevant investment every quarter, which can be used as a reference for Xiaomi’s investment in automobiles. Of course, from the perspective of cash flow, it may be faster. "

02

Everything seems to be ready, from manufacturing to channels.

Although Lu Weibing didn’t disclose much, we can still find out how Xiaomi’s car-making business is progressing from the aspects of supply side, manufacturing side, product side and sales side.

First of all, look at the supply of parts.

In the era of new energy vehicles, the most important part is the battery, regardless of the cost or the function of the whole vehicle.

Contemporary Amperex Technology Co., Limited is rumored to be one of the suppliers of power batteries for Xiaomi Automobile.

Earlier, according to Interface News, Xiaomi Automobile has confirmed that Zhongchuang Singapore Airlines and Contemporary Amperex Technology Co., Limited are the primary and secondary power battery suppliers at this stage. BYD, which was previously speculated by the outside world, is not on the supply chain list.

However, some insiders told Cybercar that,The power battery supplier of Xiaomi Automobile has already been determined, and it will still adopt the combination of Contemporary Amperex Technology Co., Limited and BYD, in which Contemporary Amperex Technology Co., Limited will supply ternary lithium batteries to Xiaomi Automobile and BYD will supply lithium iron phosphate batteries..

No matter which battery manufacturer’s products are used, it is certain that Xiaomi will adopt a multi-supplier model in the supply of power batteries from the very beginning..

On the one hand, it has absorbed the experience of the predecessors of the new energy main engine factory in the previous two years. In 2022, many new energy OEMs adopted a single supplier model for some parts and components, and all of them were cut off under the impact of the epidemic, resulting in that they could not produce and deliver on time even if they had more orders, which not only reduced the capacity utilization rate, but also caused orders to be unsubscribed by users.

On the other hand, although Xiaomi Automobile is already a big traffic user before it is officially listed, what is always seen in the automobile industry is the sales volume, not the topic heat. Xiaomi Automobile, which has no mass production delivery experience, does not have much bargaining power in front of suppliers.

After the introduction of the multi-supplier model, coupled with the obvious oversupply of power batteries, Xiaomi Automobile has more initiative.

In the supply of other key components, we can spy on Xiaomi’s capital layout..

Among them, in terms of lidar, Xiaomi has invested in four lidar manufacturers, including Hesai Technology, Innovusion Tudatong, Beixing Photon and Sagitar Juchuang, through Xiaomi Group, Xiaomi Investment and Shunwei Capital associated with Lei Jun; In the autonomous driving solution, Xiaomi also invested in Zongmu Technology, Geometry Partners, Smart Walker and Momenta, and even acquired the autonomous driving company Deepmotion, taking its accumulated technology in intelligent driving perception, decision-making, planning and control as the basis for self-research.

On the manufacturing side, the Yizhuang Phase I factory built by Xiaomi Automobile is nearing completion, and its annual production capacity is expected to reach 150,000-200,000 vehicles.. It is reported that Yizhuang factory has also started to recruit workers in large quantities for more than 100 job vacancies in painting, welding and battery workshops.

Yizhuang will become the future R&D and manufacturing center of Xiaomi Automobile.

But in 2023, production qualification is the most important thing for car companies in the manufacturing end.

After the National Development and Reform Commission and the Ministry of Industry and Information Technology successively issued the Regulations on the Administration of Newly Built Pure Electric Passenger Cars and the Regulations on the Administration of New Energy Vehicle Manufacturers and Products Access, it is difficult to enter the new energy market in 2023. Both the self-traveler and Jidu were subject to the new regulations, or regretted leaving temporarily, or turned to seek a new car-making model.

But recently,According to the report of Reuters, Xiaomi Automobile has removed this obstacle and obtained relevant vehicle-making qualifications, but the reason and process for Xiaomi Automobile’s specific qualification are unknown..

In terms of products,According to the public information, the first two products of Xiaomi Automobile will be marked with Tesla Model 3 and Model Y respectively, and it is likely to provide a battery version of 101kWh, and there is also a high probability that at least an optional version of lidar will be provided..

Regarding the most important selling price,According to insiders, the starting price of Xiaomi’s first car will probably drop below 200,000 yuan and reach the level of 170,000 yuan..

Judging from the summer test performance of Xiaomi Automobile exposed by Hu Zhengnan, a partner of Shunwei Capital Investment, in Weibo a few days ago,In the high temperature environment, Xiaomi automobile can give a performance of 8.8kWh/100km. For comparison, the reference data of Model 3 energy consumption given by Tesla is 12.6kWh/100km..

On the whole,With the starting price of 170,000 yuan, plus 101kWh battery, lidar version and 8.8kWh/100km energy consumption, Xiaomi’s first product is already quite competitive..

Hu Zhengnan released the energy consumption performance of Xiaomi automobile in summer test in his Weibo.

Finally,existOn the sales side, Xiaomi is likely to learn from Huawei, select some of its own more than 10,000 channel stores and upgrade them to user centers. Even if only one tenth of the stores are upgraded, there are about 1,000, which is also the level of the head of the domestic new energy main engine factory..

According to the public information, Xiaomi Automobile has started the site selection of the delivery center, requiring the candidate venue to provide at least 120 parking spaces, and the construction area should not be less than 3,000 square meters.

Besides,Lei Jun also revealed two small messages at this year’s Xiaomi annual conference:At present, almost all smart electric vehicles are equipped with wireless charging; The perception system of the second generation robot dog iron egg is somewhat similar to the current intelligent car perception system..

03

Can you go public on an auspicious day? Xiaomi automobile not only owes Dongfeng.

From supply to manufacturing, from products to sales, Xiaomi Automobile seems to be fully prepared for the launch of the first product.

However, Xiaomi Automobile is really ready for everything, only owing to the east wind. Can it be listed on an auspicious day? It doesn’t seem to be.

After the arrival of the new energy wave, the situation of the whole automobile industry can be said to be changing rapidly, and no matter how many and prudent plans, they can’t keep up with the changes.

Some netizens broke the news and photographed four Xiaomi car test cars in Xinjiang.

From the price point of view,Xiaomi’s first car product is selected as the benchmark Model 3. If the starting price really comes to 170,000 yuan, it means that it is 30,000 yuan cheaper than the current Model 3. This price is very attractive to consumers..

But the mantis catches cicadas, and the yellowbird is behind. On August 28th, Tucki announced that it would lower the price threshold of intelligent electric vehicles to 150,000 yuan. Tucki officially announced that it will acquire Didi’s existing and highly-completed pure electric platform, and launch 150,000-yuan B-end +C-end products on this platform, among which the C-end products will be empowered by Tucki’s roll-up structure and XNGP intelligent assisted driving system.

In this way,Although Xiaomi car products are cheaper than Model 3, their advantages are not obvious compared with Tucki..

Not only that, thanks to the gambling agreement signed with Didi, Tucki’s upcoming 150,000-yuan products will not worry about sales. There is a high probability that there will be a sales scale of 100,000 vehicles every year, while Xiaomi needs to fight alone to fight our way out.

In addition,Xiaomi should also be prepared to "support one child for the whole family" at the beginning of the business..

Xiaomi’s second-quarter financial report data shows that the overall gross profit margin of Xiaomi in this quarter, as well as the gross profit margin of smart phone business and IoT and consumer products business, all reached new highs, reaching more than 13%.

However, from Wei Xiaoli to Zero Run, Nezha, Ai ‘an, etc., all the new OEMs in recent years started with negative gross profit margin and huge losses. Li Bin, founder and CEO of Weilai Automobile, even admitted that "it is impossible to build a car without 40 billion yuan".

Once it officially enters the market, I am afraid that Xiaomi’s auto business will not only face losses, but also drag down the financial data of Xiaomi Group and even affect the performance of the Group in the secondary market.

Xiaomi has rich experience in hardware manufacturing, and the existing sales channel network is also one of the advantages.

But on the bright side,Thanks to the origin of its own mobile phone manufacturer, Xiaomi may also save a lot of costs in terms of large-scale production, sales network layout and some R&D expenditures..

Among them,Different from Wei Xiaoli, Xiaomi has the experience of large-scale hardware manufacturing and mass delivery, and there should be no "productivity hell" in the initial stage of vehicle delivery..

In addition, as mentioned above, Xiaomi Automobile can choose to upgrade its existing offline stores instead of relocating them to deploy its sales network.

What’s more, in order to ensure the competitiveness of the mobile phone business, Xiaomi has laid out the AI ? ? big model technology.Lu Weibing also revealed in the conference call that AI will definitely be combined with "Little Love Classmate" (Xiaomi’s artificial intelligence assistant) in the future. After the release of automobile products, Xiaomi’s accumulated technology in human-computer interaction and AI big model can also be directly adapted to the car end, without extra time and effort to develop related functions for the intelligent cockpit from scratch..

All in all, thanks to its years of experience in the field of mobile phones and IoT, Xiaomi Automobile can be said to have a considerable degree of software and hardware R&D and manufacturing capabilities, not to mention being born with a golden spoon, but even so, in the increasingly cruel automobile market, Xiaomi Automobile is still a long way from getting a "real ticket".

　　have/reap a bumper/copious/rich harvest

　　Less than a month before the 2023 college entrance examination, the college entrance examination work was put on the agenda. On May 9, the Ministry of Education and relevant departments held a video conference on the safety of the 2023 national college entrance examination. The Minister of Education made arrangements for the 2023 college entrance examination, emphasizing the prevention of cheating on mobile phones as the top priority of this year’s college entrance examination.

　　This year’s college entrance examination is the first one after the Covid-19 epidemic, which means that the epidemic has little impact on the college entrance examination, and we will concentrate on the "safe college entrance examination". One of the arrangements for the "Safe College Entrance Examination" is to strengthen comprehensive management, and preventing mobile phone cheating is the top priority of this year’s college entrance examination security. To this end, the Ministry of Education emphasizes that mobile phones cannot be brought in, used or sent out.

　　The reason why preventing mobile phone cheating is the top priority of college entrance examination security is because everyone has a mobile phone today. If the prevention is not strict, the mobile phone will easily become a cheating tool. More importantly, in recent college entrance examinations, although it is explicitly forbidden for candidates to bring wireless communication devices such as mobile phones into the examination room before the college entrance examination, and metal detectors are supplemented during security inspection, and various measures are taken to shield wireless signals, mobile phone cheating cases still occur.

　　For example, in the college entrance examination in 2021, a candidate in Hubei illegally brought his mobile phone into the examination room. In the examination, he hid the mobile phone under the draft paper to shoot questions, and distributed it to a training institution to seek answers at the beginning of the examination. In the college entrance examination in 2022, a candidate in Gansu illegally brought his mobile phone into the examination room. After the examination, he took the test paper and sent it to QQ group for an answer. These events have aroused social concern and affected the reputation of the college entrance examination.

　　The college entrance examination is a life test for the majority of candidates. Only a standardized college entrance examination order can ensure the fairness of the college entrance examination. Although the mobile phone cheating in the above cases failed to achieve the goal, it still revealed that the security of the college entrance examination seemed to be well deployed, but in fact there were some loopholes. In order to maintain the fairness and justice of the college entrance examination, preventing mobile phone cheating has been mentioned in an important position in this year’s college entrance examination.

　　The so-called "no entry" is to strengthen the security inspection of test sites and prevent candidates from bringing their mobile phones into the examination room from the source. If the security personnel of the test center are serious and responsible for their work, and with the help of advanced technology such as metal detectors, candidates with mobile phones can be found in time and prevented from entering the examination room.

　　"I can’t use it" means to strengthen the responsibility of the invigilator in the examination room. Even if candidates carry their mobile phones through the security clearance, they will not have the opportunity to use them in the examination room, which is a supplementary defense against possible security omissions. "Unable to transmit" means to improve and upgrade the wireless signal shielding equipment, so that even if candidates use mobile phones in the examination room, they cannot achieve the purpose of obtaining answers.

　　In order to maintain the order and fairness of the college entrance examination, this year, the safety of the college entrance examination was clearly defined, and specific requirements were put forward to form a "full chain" supervision at the test sites. The effect is worth looking forward to. First, "taking the prevention of mobile phone cheating as the top priority of the college entrance examination this year" is a shock to candidates with cheating tendency. Second, this will further compact the supervision responsibility of the three links and ensure that mobile phone cheating cases will not appear.

　　However, considering that the total number of candidates is likely to exceed 10 million this year, the number of candidates in some provinces has increased, and the idea that individual candidates still cheat on mobile phones is not ruled out. At the same time, considering that there are as many as seven or eight thousand test sites in the national college entrance examination, it is not excluded that there are omissions in the security inspection of individual test sites. In addition, there are hundreds of thousands of college entrance examination rooms every year, and there are more than one million invigilators, not to mention the negligence of invigilators.

　　After the Ministry of Education emphasized that preventing cheating on mobile phones should be the focus of this year’s college entrance examination security, all localities must make further detailed arrangements to truly pursue secrecy and prevent one from being sparse. There are still more than 20 days before the college entrance examination. I hope that all relevant departments at all levels, the person in charge of each test center and each invigilator can make full preparations, strictly perform their duties and responsibilities, guard the discipline and fairness of the college entrance examination, and hand over satisfactory answers to the majority of candidates and the public.

　　Photo courtesy/vision china