December car travel event: Rivian received $1.3 billion in financing; Weilai released Q3 financial report, and its share price rose sharply.

The author Ding is the only one

Editor Zhang Yuzhe

In order to facilitate everyone to understand and review the major events in the automobile travel industry in December, Yiou Automobile sorted out the major events of the month according to different categories such as traditional automobile enterprises, new automobile enterprises and technology enterprises.

In December 2019, big car companies were in turmoil.Volkswagen was raided by German prosecutors, and Toyota China was fined more than 87 million yuan: in violation of the Anti-Monopoly Law, BMW was suspected of sales fraud and was being investigated by the US Securities and Exchange Commission (SEC); Former Renault-Nissan Chairman Ghosn fled Japan.

The field of new energy vehicles is still hot.Dongfeng Group established H Division, aiming at high-end new energy vehicles; Weilai and Xpeng Motors reached a charging service cooperation; The new energy automobile market welcomes the new brand Tianmei Automobile; GAC Weilai released HYCAN 007, the first mass-produced pure electric vehicle; Rivian, an electric car company, received another round of financing of $1.3 billion from Amazon and Ford;

In the travel market, enterprises move frequently.Geely and Daimler launched the high-end travel service "Yao Chuxing", which has landed in Hangzhou and connected to Cao Cao, and plans to land in Beishangguang in 2020; The new layout of Didi Enterprise Edition: the "Didi Team Edition" applet will be launched for small and medium-sized enterprise teams; FAW Travel and GoFun Travel reached a cooperation.

Traditional car enterprises

: The subsidiary New Energy Technology plans to introduce strategic investment, and its shareholding will be reduced to 48.95%.

On December 3, 2019, Changan Automobile announced that Chongqing Changan New Energy Automobile Technology Co., Ltd., a wholly-owned subsidiary, plans to introduce Nanjing Runke, Changxin Fund, Liangjiang Fund and Southern Industrial Fund as strategic investors, and the shareholders of the four parties plan to increase their capital by 1 billion yuan, 1 billion yuan, 740 million yuan and 100 million yuan respectively. After the capital increase, Changan Automobile’s shareholding in New Energy Technology will be diluted from 100% to 48.95%, and it will lose control. New Energy Technology will become a joint venture of the company. It is estimated that the impact of giving up rights on the company’s consolidated statements will increase the net profit by 2.291 billion yuan.

On December 31, 2019, Changan Automobile announced in the evening that Changan Automobile had signed the Equity Transfer Agreement with Qianhai Ruizhi, and transferred all its 50% equity of Changan PSA to Qianhai Ruizhi with a transfer amount of 1.63 billion yuan. Qianhai Ruizhi is a wholly-owned subsidiary of Baoneng Automobile Co., Ltd., and the actual controller is Yao Zhenhua.

After the transfer, Changan Automobile will no longer hold the equity of Changan PSA. Changan Automobile expects that the impact of the sale of equity on the consolidated statements will increase the pre-tax profit by 1.352 billion yuan.

Chery increased its capital and shares, and Qingdao Wudaokou New Energy Automobile Industry Fund took over.

On December 4, 2019, according to the announcement of Anhui Changjiang Property Rights Exchange, Qingdao Wudaokou New Energy Automobile Industry Fund Enterprise (Limited Partnership) reached a capital increase and share expansion project for Chery Holdings and Chery Co., Ltd., with investment quotas of 7.59 billion yuan and 6.86 billion yuan respectively, with shareholding ratios of 30.99% and 18.52% respectively. After the above transaction is completed, Qingdao Wudaokou will hold 51% of the shares of Chery Holdings and Chery Automobile respectively.

Toyota’s organizational structure is adjusted, and its business in China and Asia will be split.

On December 4, 2019, Toyota officially announced that it planned to implement a new organizational structure from January 1, 2020, and split its business in China and its business in Asia, which will be carried out separately in the future. In order to achieve sustainable growth, Toyota decided to adjust its organizational structure, including establishing business units, reorganizing regional headquarters and introducing internal systems. Its purpose is to enable the leaders of each business and region to implement the necessary strategy based on rapid decision-making, and strengthen and accelerate the implementation capacity. This adjustment means that Toyota will further strengthen its layout in the China market.

Volkswagen was raided by German prosecutors.

On December 4, 2019, it was reported in Reuters that German prosecutors raided Volkswagen’s headquarters in Wolfsburg on Tuesday to search for information about diesel vehicles equipped with EA288 engines. EA288 engine is the "successor" of EA189 engine, the chief culprit of Volkswagen’s "emission gate" in 2015.

Volkswagen said that the vehicle with EA288 engine did not show that the diesel filter was faulty, which met the emission limit, and the engine was not equipped with illegal efficiency reduction devices. Regardless of the results of the investigation, this news invisibly extended the punishment time limit for the "emission gate" incident to the public again.

Dongfeng Group obtained the license of European self-driving road test; Set up h division

On December 4, 2019, Dongfeng Group released its November sales report. In November, the sales volume of Dongfeng Group was 353,000, and the sales volume of self-owned brand passenger cars was 58,000, a year-on-year increase of 7.9%. The sales volume of commercial vehicles was 60,000, a year-on-year increase of 20.4%. The cumulative sales volume of Dongfeng Group from January to November 2019 was 3.248 million, of which 480,000 were self-owned brand passenger cars and 2.203 million were joint venture brand passenger cars. Independent brands account for only 14.8% of the total sales of Dongfeng Group, and joint venture brands are still an important support of Dongfeng Group.

On December 11, 2019, the message returned from the Swedish Transport Bureau showed thatThe application for public road test of self-driving cars of T Engineering AB Company under the Technology Center of Group Co., Ltd. was approved by the road permit. It is understood that Dongfeng Company has become the first China automobile company to obtain the license for self-driving public road test in Europe, and it is also one of the only five enterprises in Sweden to obtain the license for self-driving road test.

On December 30, 2019, You Zheng, member of the Standing Committee of the Party Committee of Dongfeng Motor Group Co., Ltd. (referred to as Dongfeng Company), revealed to the media that Dongfeng brand plans to release a high-end brand with the internal code name "H" at the 2020 Beijing Auto Show, which mainly builds high-end new energy passenger car products.

The 10,000 th Great Wall Gun rolled off the assembly line; Harvard Cross-border Marketing Joins Hands with The Great Wall

On December 5, 2019,The 10000 pickup truck of the brand-new pickup truck brand "Great Wall Gun" was officially rolled off the production line of Chongqing Yongchuan factory. On September 5 this year, the first pickup truck model of the Great Wall Gun, the passenger version of the Great Wall Gun, was officially launched. This product is the first pickup truck in China market.

On December 26, 2019, Haval, the SUV brand of Great Wall Motor, held a press conference in Dunhuang, Gansu with the Great Wall program group of Beijing Satellite TV. It is reported that "The Great Wall" is the first IP program of Great Wall cultural experience in the world. It will land on Beijing Satellite TV at 20: 30 every Saturday night from January 4, and Haval H6 and Haval F7 will participate in it, traveling with many stars to Jiayuguan, Shanhaiguan and other Great Wall relics.

Bosch and Mercedes-Benz launched the urban self-driving taxi project.

On December 9, 2019, Bosch and Mercedes-Benz announced that their urban self-driving taxi project will be officially launched in San José, Silicon Valley. At the initial stage of the project, users can book their trips through the mobile phone application developed by Daimler Mobile Travel Company, and the security officer will monitor the Mercedes-Benz S-Class sedan equipped with autonomous driving technology, and then transport passengers from the designated starting point to the destination.

Renault Group is about to welcome a new CEO.

Renault’s new CEO candidate has reached the final stage of competition. On December 9, 2019, the French commercial news TV channel BFM Business reported that the successor will be Henri Poupart-Lafarge, the current CEO of Alstom, a French transportation infrastructure group. But only two days later, AFP and Echo reported that Renault’s board of directors held a board meeting on Tuesday and fell in love with Luca de Meo, the global president brand of SEAT brand. Agence France-Presse even said that Luca de Mayo, 52, had the support of the French government.

Toyota China was fined more than 87 million yuan: violating the Anti-Monopoly Law.

In December 2017, the former Jiangsu Provincial Price Bureau filed an investigation on Toyota Motor (China) Investment Co., Ltd. for alleged monopolistic behavior. In December 2019, the Jiangsu Provincial Market Supervision Administration made an administrative penalty decision on this case.

According to the provisions of Articles 46 and 49 of the Anti-Monopoly Law, the Jiangsu Provincial Market Supervision Administration ordered Toyota to stop its illegal activities and decided to impose a fine of 2% on Toyota’s sales in the previous year (2016), that is, 87.613 million yuan.

BMW is under investigation by the US Securities and Exchange Commission (SEC) for alleged sales fraud.

On December 25, 2019, BMW said that after receiving the sales report released by BMW, the US Securities and Exchange Commission suspected that BMW’s sales data was fraudulent and was conducting an investigation. According to reports, in order to boost sales, BMW will instruct the sales staff to register the vehicles still in the garage as sold. If the problem of sales fraud is confirmed, BMW may face huge fines.

Previously, as early as 2016, BMW had sales fraud in the US market. A BMW spokesman said that he would contact the US Securities and Exchange Commission and fully cooperate with the investigation department. BMW declined to comment further.

Mitsubishi Motors will stop developing diesel vehicles.

On December 27, 2019, according to foreign media reports, Japanese automaker Mitsubishi Motors will stop developing diesel vehicles. Mitsubishi Motors will eliminate its key diesel vehicles by the end of 2021, and greatly reduce the scale of its existing diesel vehicle business.

The first model equipped with Huawei HiCar was launched, and the new Baojun RC-6 was released.

On December 29, 2019, Xinbaojun released the world’s first Xinbaojun RC-6 equipped with HUAWEI HiCar Smart Interconnected Mass Production Vehicle. This model is equipped with the latest AI voice, intelligent driving, intelligent network connection and image recognition technology of Xinbaojun. With the help of HUAWEI HiCar, Xinbaojun RC-6 can provide camera fatigue detection, video call, gesture interaction, Android application ecological sharing and other functions.

Ghosn: Confirmed that he has left Japan and "escaped injustice and political persecution"

On December 31, 2019, according to CNBC, Carlos Ghosn, the former chairman of Nissan Motor Co., Ltd., who was dismissed from his post, confirmed many media reports that he had fled Japan and flew to Lebanon. Ghosn said in a statement, "I am now in Lebanon, and I will no longer be a hostage in a manipulated Japanese judicial system, where there is presumption of guilt, rampant discrimination, deprivation of basic human rights, and blatant disregard for Japan’s legal obligations and treaties that safeguard international law."

Ghosn promised in a press release issued in Beirut that he can finally communicate freely with the media, and he will start to communicate with the media from next week.

New car manufacturer

LI’s response is listed as "the executor": it has nothing to do with debt.

On the evening of December 3, 2019, Chongqing Ideality Zhizao Automobile Co., Ltd. issued a response to the recent listing as an "executor": the lawsuits involved in Ideality Zhizao were all debts incurred during the period when Lifan Group held and operated Lifan Automobile. After the litigation cases occurred, Lifan Group docked with relevant creditors and sought solutions. Lifan Group was also responsible for the handling of later cases.

Tesla’s German factory will be put into production in 2021; Domestic Model 3 is scheduled to be delivered on December 30th.

On December 11, 2019, Beijing time, German media reported that Tesla’s No.4 super factory to be built in Germany will be completed in 2021, with a planned annual production capacity of more than 500,000 vehicles, mainly used to produce Model 3 and Model Y.

On December 27, 2019, Tesla announced that it would deliver the first batch of domestic Model 3 to 15 employees on December 30, and the delivery place was Shanghai Super Factory. Earlier, some media reported that the first batch of Model 3 made in China had been shipped out of the Shanghai factory and would be delivered to consumers on a large scale before the end of January 2020.

Weilai and Xpeng Motors reached a charging service cooperation; Weilai Q3 financial report was released, and its share price rose sharply.

On December 11th, 2019, Xpeng Motors officially announced the signing of a contract with Weilai NIO Power, and the two parties started interconnection and cooperation on the charging business to jointly provide car owners with a more convenient travel charging experience. According to the officially announced cooperation agreement, Xpeng Motors and Weilai NIO Power will realize nationwide interconnection of charging pile distribution data and payment process, which means that Tucki car owners can use Weilai super-charged piles to charge quickly through Xpeng Motors app code scanning. Similarly, Weilai car owners can also use Tucki super charging piles to power their cars in many first-and second-tier cities across the country.

On December 25, 2019, some netizens broke the news that Weilai Automobile could not pay its salary in December and was waiting to be laid off. In this regard, Wei Lai responded that it was not that wages could not be paid, but that the salary payment date was adjusted. The salary of the current month was paid from the last working day at the end of each month and adjusted to the salary payment on the 8 th of the following month. The internal letter of HR of Weilai Automobile explained in detail that with the increasing number of employees and the increasingly complex salary structure, it is more and more challenging to complete the monthly salary accounting at the end of each month, and there are also many problems, so the salary time will be adjusted.

On the evening of December 30, 2019, Weilai announced the financial report for the third quarter of 2019 before the opening of the US stock market. According to the data, Weilai’s revenue in the third quarter was 1,836.8 million yuan, an increase of 25% compared with the third quarter of last year. The net loss was 2,521.7 million yuan, down 10.3% compared with the third quarter of last year.

Weilai’s share price rose sharply after the opening of the US stock market. It once rose more than 100% in intraday trading, hitting $4.87, and finally closed at $3.72, up 53.72%, hitting a new high in the past six months, with a market value close to $4 billion.

New energy automobile market welcomes new brands again

On December 11, 2019, the brand-new new energy automobile brand Tianmei Automobile was announced. It is reported that the parent company of Tianmei Automobile is Kaiwo Automobile, which develops commercial vehicles, and its founder is Huang Hongsheng. Kaiwo Automobile obtained the passenger car access qualification approved by the Ministry of Industry and Information Technology in 2017, and accepted the new energy access qualification in December of the same year.

On the second day after the new brand was founded, Kaiwo Automobile signed a strategic agreement with Bike Battery, and the two sides established a long-term strategic cooperative relationship to jointly expand the new energy automobile business. According to the agreement, Kaiwo Automobile will purchase hundreds of millions of BIC battery power battery systems, and jointly promote the development of new technologies, new materials and new processes.

Xpeng Motors Board Adjustment: Yu Yongfu succeeded Cai Chongxin as a director.

On December 12, 2019, according to the enterprise survey data, Xpeng Motors’s operating entity, Guangzhou Orange Bank Zhidong Automobile Technology Co., Ltd., experienced industrial and commercial changes, and Alibaba co-founder Cai Chongxin resigned as a director and added a new director, Yu Yongfu. At present, the board members of Xpeng Motors include Yu Yongfu, Jixun Foo, Gu Hongdi, He Xiaopeng, Liu Qin, Henry and Yang Fei.

Evergrande new energy automobile subsidiary listed for sale of 20% equity.

According to official website of Shanghai United Assets and Equity Exchange, on December 12, 2019, Hengda Neng New Energy Automobile (Shanghai) Co., Ltd. was listed to transfer 20% of its equity, with the reserve price of 442.82 million yuan. The transferor was Shanghai Songjiang Economic and Technological Development and Construction Group Co., Ltd., and the disclosure deadline was January 9, 2020.

In this regard, Evergrande Automobile responded that it is normal to sell shares on the market and will not affect the subsequent production.

HYCAN 007, the first mass-produced pure electric vehicle of GAC Weilai, was released, with a comprehensive cruising range of 260,000 yuan for 523km.

On December 27, 2019, the first product launch conference of GAC Weilai’s "Every Kilometre of Ideas" was held in Nansha, Guangzhou. HYCAN 007, the first new SUV, has a wheelbase of 2919mm, comes standard with L2+ intelligent assisted driving system, and is equipped with a 93kW·h battery pack. The cruising range of NEDC is 643km, and the price starts at 260,000 yuan. There are three regular versions and two personal tailor versions, of which the price of the plus version and the top version is 280,000 and 300,000 respectively, and the comprehensive battery life can reach 643 kilometers. It is reported that HYCAN 007 will be mass-produced in Guangqi Zhilian New Energy Automobile Industrial Park and delivered to users in April 2020.

The Ranger car has not yet been mass-produced and is suspected of stopping. Huzhou government wants to take over.

On December 20, 2019, the minutes of the 35th executive meeting officially released by the People’s Government of Wuxing District, Huzhou City, Zhejiang Province showed that "the meeting held that the plan of acquiring the land of the Youxia automobile industry project and disposing of the projects under construction by the District Urban Investment Group is conducive to revitalizing land resources, resolving project risks and reducing disposal costs, which is generally feasible." The meeting agreed in principle that the District Urban Investment Group should dispose of the land and projects under construction of the Ranger automobile industry project.

Rivian received another round of financing of $1.3 billion from Amazon and Ford.

On December 24, 2019, according to Reuters, Rivian, a potential competitor of Tesla, said on Monday that it had completed a new round of investment of $1.3 billion, led by T. Rowe Price, as well as investors Amazon and Ford Motor Company in the previous round. This round of investment also includes BlackRock, and the funds will be used to launch several models of Rivian.

Beam car gets a business license

On December 30, 2019, Great Wall Motor issued an overseas regulatory announcement that the Great Wall BMW joint venture company "Beam Automobile Co., Ltd." (hereinafter referred to as Beam) received the business license of Beam Automobile Co., Ltd. issued by Zhangjiagang Municipal Market Supervision Administration.

However, at present, the Jiangsu Provincial Development and Reform Commission’s approval for the production base project of Beam Automobile is only aimed at the all-export manufacturing of fuel passenger cars and the development of pure electric passenger cars. If Beam Automobile needs to produce and sell pure electric passenger cars, it needs to obtain the approval of the whole vehicle project of pure electric vehicles in advance.

science-and-technology enterprise

Geely and Daimler launched high-end travel service "Yao Travel"

On December 3, 2019, Geely Technology Group Co., Ltd., managed by Zhejiang Geely Holding Group, and Daimler Travel Co., Ltd. announced "Yao Travel", which focuses on high-end travel services. In the early stage of Yaochuxing, 100 high-end cars will be put into service, such as Mercedes-Benz S-Class sedan, E-Class sedan and V-Class MPV. It is estimated that Yaochuxing will expand its services to other major cities in China in 2020.

On December 9, 2019, Cao Cao Travel, a new energy vehicle sharing travel service platform of Geely Automobile, was also connected to Yao Travel, which means that Cao Cao’s travel officially realized "aggregation calling a car". Different travel service brand products can be called at the same time on this platform. In addition, "Yao Travel" also announced that it will land in Beijing, Shanghai and Guangzhou early next year.

"Listener" announced that it had obtained the investment from Siwei Zhilian and reached a cooperation with it.

On December 3, 2019, "Listening Companion" announced that it had obtainedIts four-dimensional fund investment belongs to the A round of financing with the financing from No.1 Capital, Fashion Capital and Hanfu Capital completed last year. Yu Qingmu, CEO of Listening Companion, affirmed that the capital market is optimistic about the smart cockpit and car audio track. He also said that the listening companion is still negotiating with more investors.

Maodou teamed up with Wuling to launch a customized car with a price of 63,800 yuan.

On December 5, 2019, the customized version of 730 edamame jointly created by the new edamame car and SAIC-GM-Wuling was officially launched. The customized car is priced at 63,800 yuan, equipped with Wuling logo, and is exclusively sold in the online and offline channels of the new edamame car. This is also the first time that the new domestic automobile retail platform has jointly launched a customized version of the model with the OEM.

The new layout of Didi Enterprise Edition: The "Didi Team Edition" applet will be launched for small and medium-sized enterprise teams.

On December 5, 2019, the 2019 "Take advantage of the situation" corporate travel service summit hosted by Didi Enterprise Edition was held in Beijing. The summit mainly discusses the new pattern of travel services and the management of vehicles for digitally empowered enterprises. At the summit, Didi Enterprise Edition launched the "Didi Team Edition" WeChat applet that will be released in the near future. This small program is mainly designed for small and medium-sized enterprise teams, and has the functions of creating teams, joining team members, and paying for teams, so as to simplify the process, reduce costs and increase efficiency.

Baidu Apollo organization structure added intelligent transportation business group; Approved to start the self-driving manned/cargo test in Beijing

On December 6, 2019, according to Sina Technology, Baidu Apollo recently upgraded its organizational structure. In addition to the original business groups such as autonomous driving and car networking, it added an intelligent transportation business group. The autopilot business group has been upgraded and expanded, and now it has three departments, including smart car business department, smart driving map business department and autopilot technology department. The original car networking business group continued the smart car-linked business such as small-scale car OS. According to the latest data released, Baidu’s total number of patent applications for intelligent driving reached 1,237, ranking first in the country, and the total number of driving test licenses for autonomous driving was 150.

On December 30, 2019, according to the Beijing Municipal Transportation Commission, Beijing officially launched the self-driving manned cargo test. 40 vehicles of Baidu Company have obtained the first batch of self-driving manned test qualifications, and the cumulative test mileage of these vehicles is over 100,000 kilometers.

Blackberry QNX reached a strategic cooperation with auto parts manufacturer Ma Ruili China.

On December 10th, 2019, BlackBerry QNX announced a strategic cooperation with Ma Ruili China, an auto parts manufacturer, to integrate QNX digital cockpit platform into the solutions of Electronics eCockpit and Digital Cluster in Ma Ruili.

Kaivan Karimi, senior vice president and co-director of BlackBerry Technology Solutions (BTS), said that China has the potential to become the largest market for car networking and electric vehicles. At present, more than 45 OEMs have deployed BlackBerry QNX software in hundreds of models produced in North America, Europe and Asia, and more than 150 million moving cars around the world are equipped with QNX software. Yiou Automobile has learned that nine of the world’s top 10 automobile OEMs and seven of the world’s top first-tier automobile suppliers are now using the technology of BlackBerry QNX.

Cruise, a self-driving car company, will provide shared ride service.

On December 11, 2019, Dan Ammann, CEO of Cruise, a self-driving car company owned by General Motors, said that he intends to provide shared ride service "at a very low cost" as part of the final "beyond the car" plan. He expressed the hope that by providing an amazing experience at a very low cost, the shared mode of riding will be more attractive, thus reducing congestion. Cruise has previously announced that it will cooperate with Honda Motor Company to develop a self-driving car dedicated to shared travel, and Honda Motor Company is also one of Cruise’s investors.

Sit at the top of the GEM; Sichuan factory officially started construction.

On December 24, 2019, after passing the 100-yuan mark, Contemporary Amperex Technology Co., Limited’s share price continued to soar. As of the close of December 26, Contemporary Amperex Technology Co., Limited’s share price reached 105.12 yuan, with a market value of 232.147 billion yuan, exceedingBecome the company with the highest market value on the GEM.

On December 24, 2019, the Yibin Power Battery Project in Sichuan officially started, with an annual production capacity of 30GWh. The project is constructed in two phases, with a total investment of 4.5 billion yuan in the first phase and a total investment of 5.5 billion yuan in the second phase to build a 15GWh power battery production line. In terms of construction period, the first phase of the project will not exceed 26 months from the start of construction, and the second phase of the project is planned to start within two years after the first phase is put into production.

Bike battery andMore than ten new energy suppliers have reached strategic cooperation.

On December 26, 2019, the 2020 supplier conference of Shenzhen Bike Power Battery Co., Ltd. was held in Zhengzhou. At the event site, BIC Battery signed strategic cooperation framework agreements with more than ten new energy suppliers such as Dangsheng Technology and Rongbai Technology. According to the strategic cooperation agreement, BIC battery will fully promote the development of new energy market with multi-party suppliers in the future.

Ali signed a strategic cooperation agreement with FAW to build the next generation intelligent networked car based on zebra system.

On the evening of December 27th, 2019, Ali officially announced that it signed a strategic cooperation agreement with China FAW in Changchun, and the two parties will build the next generation of intelligent networked cars for the future based on Zebra Zhixing system. China FAW will build a digital technology infrastructure with cloud computing, data intelligence, China-Taiwan and mobile collaboration technology as the core, and push the automobile industry into the era of cloud intelligence.

FAW Travel and GoFun Travel Reach Cooperation

On December 31, 2019, GoFun Travel and FAW Travel held a strategic cooperation signing ceremony in Chengdu. The two state-owned enterprises have joined forces, and the cooperation between the two parties will first land in Chengdu, Guiyang and Xi ‘an, and will be extended to more cities covered by GoFun business.

The two parties will also rely on GoFun’s mature operation and management system to carry out order cooperation, and obtain higher customer order income with GoFun’s high-quality traffic portal and high-quality user base; At the same time, GoFun travel will also be replenished by FAW in the process of transition to lightweight mode to create a win-win cooperation mode.

Editor: Zhang Yuzhe

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