1. Central Bank: Adjust and optimize the real estate policy in a timely manner.
The central bank issued the China Regional Financial Operation Report (2023), in which it mentioned that the real estate policy should be adjusted and optimized in a timely manner to adapt to the new situation in which the relationship between supply and demand in the real estate market has undergone major changes, so as to promote the stable and healthy development of the real estate market. Give consideration to both internal and external equilibrium, maintain the basic stability of RMB exchange rate at a reasonable and balanced level, and resolutely guard against the risk of exchange rate overshoot. Promote high-level two-way financial opening, and improve the ability of economic and financial management and risk prevention and control under open conditions. (Cailian)
2. Minister of Commerce: We will continue to promote new energy vehicles to the countryside.
Wang Wentao, Minister of Commerce, said that we will continue to promote new energy vehicles to the countryside and promote automobile consumption throughout the chain. In terms of home, we will focus on three directions: green, smart and suitable for the elderly, and accelerate the release of home consumption potential. We will also promote the consumption of green smart home appliances, promote the high-quality development of the catering industry, and better meet the needs of people’s better life. (CBN)
3. The three major US stock indexes collectively closed down.
The three major indexes of U.S. stocks collectively closed down. At the close, the Dow Jones index fell by 220.33 points, the S&P 500 index fell by 34.30 points, and the Nasdaq composite index fell by 128.97 points. Tesla fell more than 5%, Weilai fell more than 5%, LI fell more than 4% and Xpeng Motors fell more than 1%. (titanium media)
4. Wealth management companies are optimistic about the prospects of the A-share market.
As of November 9, a number of equity products owned by wealth management companies such as CMB Wealth Management, Everbright Wealth Management, Ningyin Wealth Management and BlackRock Jianxin Wealth Management have disclosed their investment reports for the third quarter. The report shows that the investment fields of most equity products cover new energy, medicine, coal, banking, consumption and other sectors, and stock positions are still at a high level. A number of wealth management companies said that various positive factors in the market are gradually accumulating, and it is expected that the domestic economy will further stabilize and gradually pick up, which will drive the restoration of investor confidence and the inflow of incremental funds in the market. (Sina Finance)
5. NVIDIA will launch the latest improved AI chip for China.
On November 9th, according to relevant financial media reports, people in the industrial chain said that NVIDIA has developed the latest improved AI chips for China, including HGX H20, L20 PCle and L2 PCle. According to people familiar with the matter, the latest three chips are improved from H100. NVIDIA will announce them as soon as possible after 16th of this month, and domestic manufacturers will get the products in these days at the earliest. (First Electric)
6. Huawei released smart travel solutions.
On the evening of November 9th, Huawei released a smart travel solution. Yu Chengdong, chairman of BU, a Huawei smart car solution, said that Huawei smart travel solution is a strategic upgrade of Huawei’s smart car selection model, aiming to use Huawei’s smart car incremental parts products and technical solutions in the ICT field over the past 30 years and Huawei’s excellent experience in quality control, sales service and brand marketing accumulated in consumer business over the past 10 years to deeply empower partners and create a new era of smart cars. At the press conference, Yu Chengdong specifically emphasized that there are only four partners in Huawei’s smart car selection model, namely Cyrus, Chery, Jianghuai and BAIC. (Securities Times)
7. Huawei’s Tucki AEB dispute has come to an end.
On November 9th, He Xiaopeng publicly posted in Weibo’s account, saying that he discussed the technical route with Yu Chengdong in the morning, but he did not give a conclusion, but expressed his gratitude to Yu Chengdong for his advice and generosity, feeling that "sometimes it is easier to become good friends after misunderstanding". He also said that Xpeng Motors will expand the AEB function through OTA, and then work together to lead the smart driving technology innovation and win a new era of smart electric vehicles. (First Electric)
8. The third quarterly report of Xiaomi Group will be announced soon.
Xiaomi Group will announce its third-quarter results on November 20th. Anxin International gave a forecast for the third quarter on the 7th, in which the revenue is expected to reach 69.7 billion yuan, up 3.4% from the previous month. Thanks to the end of smart phone destocking and the company’s continuous efforts to reduce costs and increase efficiency, the overall profit margin continued to maintain a high level. At the same time, they also expect the adjusted net profit of the company in the third quarter of 2023 to be 4.78 billion yuan, and the profit of the main business after excluding the cost of making cars is expected to be 6.52 billion yuan.(First Electric)
9. LI announced its financial report for the third quarter of 2023.
LI announced its financial report for the third quarter of 2023, with both quarterly delivery and financial data reaching record highs. Among them, 105,108 vehicles were delivered in the third quarter, a year-on-year increase of 296.3%. The strong market demand boosted the revenue growth, and the quarterly revenue was 34.68 billion yuan, a year-on-year increase of 271.2%. In the same period, the operating profit and net profit were 2.34 billion yuan and 2.81 billion yuan respectively, achieving four consecutive quarters of profit. (First Electric)
10. Weilaizi brand Alps has started to lay off employees.
Exposing the brand-new Alps of Weilai Automobile is no longer an independent project, and personnel will be assigned to various departments of Weilai, and some positions will be cut accordingly. At present, it is not known whether the Alpine team will return to Weilai system. Since the publication of the organizational optimization letter of Li Bin, CEO of Weilai Automobile, last Friday, Alpes has also started to lay off employees, but the overall structure has not changed much. (Interface News)
11. I plan to publicly submit an IPO application to the United States this week.
Reuters reported that two "directly informed" sources revealed that Kykrypton, a high-end electric vehicle brand owned by Geely Automobile, will disclose some details of its IPO (initial public offering) plan in new york this week. It is reported that Krypton will issue a prospectus "soon", and its shares may start trading on the stock exchange within a few weeks after the announcement. One of the sources revealed that the underwriters of Krypton will be led by Goldman Sachs and Morgan Stanley. However, Krypton, Morgan Stanley and Goldman Sachs all declined to comment on Reuters. (IT house)
12. faw liberation: In October, the total sales volume of automobiles was 22,866.
Faw liberation released the October production and sales express in the evening. In October, the total sales volume of automobiles was 22,866, and this year’s cumulative sales volume was about 209,400, up 41.70% year-on-year. (First Electric)
13. Dongfeng Motor: In October, the car sales volume was 14,014.
Dongfeng Motor announced that it sold 14,014 vehicles in October, including 3,086 new energy vehicles. This year, the cumulative automobile sales volume was 127,600, up 15.67% year-on-year; Among them, the sales volume of new energy vehicles was 24,000, a year-on-year increase of 52.81%. (First Electric)
14. Quality control executives of Tesla Digging Stellantis Group
According to foreign media reports, Tesla recruited quality control executives from Stellantis Group, mainly responsible for the product quality of its Texas super factory, which is currently responsible for the production of Cybertruck. In addition, Tesla insiders published the specific parameter information of Tesla Cybertruck on the Internet. The length, width and height of the car body are 5.66 meters, 2.02 meters and 1.79 meters respectively, the wheelbase is 3.63 meters, and the size of the carriage is 201 liters. (First Electric)
15. Huawei released the first pure electric car Zhijie S7.
The first car in Huawei’s smart car selection business, Zhijie S7, was officially released and the pre-sale was started. The pre-sale price of the new car starts from 258,000 yuan, and four models are launched, aiming at medium and large pure electric vehicles, and it is the first to be equipped with HarmonyOS HarmonyOS 4 system.(First Electric)
16. The number of M7 customers in the world will be 87,000, and the number of M9 bookings will exceed 30,000.
On the evening of November 9th, at the release of Huawei’s smart travel solution and the pre-sale meeting of Smart Car S7, Yu Chengdong, the chairman of Huawei’s smart car solution BU, said that up to now, the cumulative delivery of the M5 has exceeded 120,000 units, the M7 has definitely broken 87,000 units, and the booking volume of the M9 has exceeded 30,000 units. "We are making every effort to increase production capacity, so I hope you will wait patiently, because the actual order volume is much higher than previously expected." (Securities Times)
17, equation Leopard Leopard 5 listed from 289,800 yuan.
Equation Leopard 5 was officially launched in Beijing. The car has been launched in three models, namely, the exploration version, the pilot version and the Yunnian version, with a price of 28.98-352,800 yuan. At the launch conference, Equation Leopard 5 announced the rights and interests of car booking at the same time: before November 30, blind users will enjoy a maximum of 14,000 yuan "Leopard Power Pioneer Ceremony" and large users will enjoy a maximum of 10,000 yuan ".
18, Model 3/Y long battery life version price increase
On November 9, Tesla officially announced that from now on, the price of Model 3/Y long battery life version was officially raised. The Model 3 long-life version has a price increase of 1,500 yuan and a price of 297,400; The price of Model Y’s long battery life increased by 2,500 yuan, and the price exceeded 300,000 yuan, reaching 302,400 yuan. (First Electric)
19. Mercedes-Benz BMW announced the new car lineup of Guangzhou Auto Show.
The Guangzhou Auto Show will kick off on November 17th, and five heavy-duty models, including the new Mercedes-Benz CLE coupe, the new EQA pure electric SUV and the new EQB pure electric SUV, will usher in the first show of China. A new generation of Mercedes-Benz GLS SUV, Mercedes -AMG’s 35, 45 and 63 family high-performance models will also be officially launched.
For BMW, the new 5-Series long wheelbase model, pure electric model BMW i5, new BMW X2 and new BMW X2 M35i(M performance version) will be unveiled. (First Electric)
20. The details of tank 700Hi4T are exposed.
The exposure map shows that this is a special version of the car, which is expected to be equipped with wide-body wheel eyebrows, front and rear spoilers, gold decoration and other configurations, adding a sporty atmosphere to the whole car. It is reported that the new car will be officially released at the Guangzhou Auto Show. The car will be equipped with a plug-in hybrid system consisting of a 3.0T+ motor.(First Electric)
21. Jetway released the official map of Shanhai L9 inside and outside.
Jietu officially released the official map of Shanhai L9, and the new car is positioned as a medium-sized 7-seat plug-in SUV aimed at home users. "Shanhai" is a brand-new hybrid product sequence under the Jietu brand, which will be listed on November 14th. The new car will be equipped with a plug-in hybrid system consisting of a 1.5T engine and a motor. The maximum power of the engine is 115kW, and the transmission system is matched with a 3-speed DHT gearbox.(First Electric)
22. Yuanhang Y6 officially went offline.
Yuanhang Y6, a subsidiary of Yuanhang Automobile, officially went offline. The car is positioned in Yuanhang Y6 as an ultra-luxury D-class executive car, which will support 800V super fast charging, and the maximum cruising range under comprehensive working conditions is over 1000km. Yuanhang was officially unveiled at the Chengdu Auto Show in August, and the pre-sale price was 329,800-529,800 yuan. (First Electric)
23. Huawei set a record for the fastest rate of Wi-Fi 7 AP.
According to Huawei’s data communication WeChat official news, facing the global market, Huawei completed the industry’s first Wi-Fi 7 AP performance test in Tolly Lab, USA. The performance of the whole machine exceeded 13Gbps, and the peak performance of a single terminal exceeded 4.33Gbps. This data subverts all historical Wi-Fi performance test results, refreshing the fastest rate record, which is the fastest in the world!(First Electric)
24. Scientists of HKU develop quasi-solid magnesium ion batteries.
Recently, a research team in department of mechanical engineering of the University of Hong Kong designed a quasi-solid magnesium ion battery with a voltage platform of 2.4V and an energy density of 264Wh/kg, which surpassed the performance of the current magnesium ion battery and almost matched the performance of the lithium ion battery. The research team found that the quasi-solid magnesium ion battery can maintain 90% capacity after 900 cycles even under extreme conditions of below zero (-22 C). (First Electric)
