On July 24th, Beijing Yaojiayuan, the first brand-new AITO authorized user center in Beijing, was officially opened! At the same time, a test drive of the M7 was held. Many car owners and friends participated in the opening ceremony and test drive experience, and visited the AITO Authorized User Center Beijing Yaojiayuan.

Ride the wind and waves to start a new journey

AITO Authorized User Center Beijing Yaojiayuan Store is the first batch of authorized user centers with a brand-new image in China and the first in Beijing. After 10 months of preparation, after numerous adjustments and polishing of the project plan, repeated scrutiny of the design drawings, continuous selection and comparison of construction materials, it was successfully completed under the influence of many factors such as epidemic shutdown. With a construction area of nearly 4,000 square meters, AITO Automobile Authorized User Center Yaojiayuan Store provides customers with one-stop service integrating sales, experience, delivery and service, and is committed to providing users with higher quality service and car purchase experience. At the same time, it also has industry-leading standard functions, image and hardware supporting facilities, as well as a professional first-line team.

The opening ceremony officially began, and many media users congratulated the successful completion of the user center. After the meeting, all the leaders and guests at the AITO Authorized User Center Yaojiayuan witnessed the appearance of the second heavyweight flagship model of AITO-Wenjie M7 and the in-depth test drive experience.

Luxury wisdom is worthy of the name.

As a brand-new high-end new energy vehicle brand created by Cyrus and Huawei and deeply empowered by Huawei. AITO not only inherited the technical accumulation of Cyrus in building cars, but also injected the genes of Huawei’s scientific and technological wisdom. Since the first M5 appeared on the market on December 23rd last year, it has won high recognition from the market for its outstanding performance in design, intelligence and luxury. Nowadays, it has two flagship models, and the latest model, the M7, came out on July 4th, and created an excellent record of the fastest delivery of a new brand single model.

Excellent achievements stem from excellent quality. The M7 body of Wenjie continues the family design language of AITO brand, and the iconic hexagonal grille and eagle wing penetrating taillights are highly recognizable. AITO zero-gravity seat adopts zero-pressure sensing ergonomic design to create a seat back cushion with ultra-uniform pressure distribution and create an experience beyond luxury MPV.

The whole vehicle is equipped with HUAWEI DriveONE pure electric drive extended range platform. It is a 1.5T four-cylinder range extender 3.0 specially built for the extended range system, and one liter of oil can generate 3.13 kWh. The dual-motor four-wheel drive system combines the maximum output power of 330kW and the acceleration of 4.8s per 100 kilometers. With the carefully adjusted all-aluminum chassis and suitable wheelbase design, the comfort and sportiness are perfectly unified, bringing a flowing driving experience.

The M7 also brought a brand-new upgraded HarmonyOS intelligent cockpit, giving the M7 convenient multi-device interconnection capability. The new super desktop function allows the mobile phone application to directly access the M7 car, and the mobile phone can be operated through the big screen, which greatly facilitates the user’s car experience.

Ask M7 to open a happy test drive.

In the joyful atmosphere of the opening of the new store, Yao Jiayuan started the M7 test drive experience in the world. This test drive gives users a deep and comprehensive test drive experience through the combination of dynamic and static tasting and road props test drive. In addition to the car show, the static tasting area also has exquisite tea breaks and band interaction, which adds warmth and interest to the test drive. In the dynamic test drive, in addition to the road test drive, a variety of props appear in the prop test drive area, making the single test drive more diversified.

In the highly competitive new energy track, in addition to the competition of vehicle strength, service has become a core competitiveness of today’s market. Under the guidance of AITO automobile brand, AITO authorized user center Yaojiayuan Store will open up a brand-new and smarter service world for the majority of car owners, and AITO will continue to move forward and bring smarter car life to consumers.

On June 1 ST, BYD officially announced that 2022 Tang EV pure electric vehicles were officially launched, and three models were launched this time. Among them,The price of 600km exclusive type is 279,800 yuan, and the price of 730km exclusive type is 309,800 yuan; The 635km four-wheel drive flagship model is priced at 339,800 yuan.

(Source: Official)

It is understood that the 2022 Tang EV was released as early as April this year, and the pre-sale started on May 22, and the 24-hour order volume exceeded 8,505. No accident, there was an explosion level. From the market positioning and price point of view, the car should be targeted at Model Y, but Tang EV has more advantages in battery life and price, and its market competitiveness is stronger.

It is understood that the new Tang EV has a body size of 4900*1950*1725mm and a wheelbase of 2820mm. The body is still a continuation of BYD’s classic Longyan design. The front face is replaced by a closed grille design, and a dynamic LED light bar is added, which makes the tram more scientific and technological.The interior is equipped with 12.3-inch full LCD instrument panel, 15.6-inch suspension central control panel and W-HUD head-up display, equipped with DiLink 4.0 (5G) intelligent network connection system, support for electric adjustment of front and rear seats, 31-color atmosphere lights and fragrance system.

(Source: BYD official)

In terms of power,The single motor version is equipped with 180kW drive motor, and the four-wheel drive high-performance version is equipped with dual motors with maximum power of 180kW+200kW, and the acceleration time is 4.4 seconds.The new Tang EV also supports a safe boost DC fast charge of up to 170kW, and it can get 140km battery life after 10 minutes of charging, which relieves the car owners’ battery life anxiety to some extent.

This year, BYD’s sales of new energy vehicles can be said to have exploded in an all-round way. In April, the monthly sales reached 106,042 vehicles, which was about four times that of 25,662 vehicles in the same period last year. From January to April this year, BYD’s cumulative sales volume was close to 400,000 vehicles. We should know that the annual sales volume in 2021 will be less than 600,000, and it will reach 2/3 in just four months this year, and the next growth rate may be even faster. It should be stable if the annual sales volume breaks 1.2 million.

(Source: BYD official)

At the end of last year, BYD announced the launch of Ocean Net series, and successively launched several models, such as seal, dolphin and destroyer 05. After listing, the response was quite good, which brought great help to BYD’s sales growth. In addition, BYD is also laying out the high-end market. In addition to the announced brands, there seems to be a "Star" brand with a higher positioning.

BYD has fully led the development of the domestic market, and may become one of the strongest rivals of BMW, Mercedes-Benz and Toyota in the future, which is worth looking forward to.

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Tiggo 9 is a stylish and dynamic SUV model. Its front face adopts a large-area air intake grille design, which has a strong visual impact. At the same time, with sharp headlights and fog lights, the whole car looks more sporty. The body lines are smooth and strong, and the shape of the whole vehicle is full of strength and movement. At the same time, the interior design of the Tiggo 9 is also excellent, with luxurious materials and exquisite craftsmanship, which makes the drivers and passengers feel comfortable and luxurious in the car. Overall, the design of the exterior and interior of the Tiggo 9 is excellent, and it is a very recommended model.

Tiggo 9 is a medium-sized SUV, with a body length * width * height (mm) of 4820*1930*1699 and a wheelbase (mm) of 2820. The body size is moderate, neither too bulky nor too compact. The front tread (mm) is 1638, and the rear tread (mm) is 1641. There is little difference between the front and rear tread, which ensures the stability and handling of the vehicle. Tyre size is 245/50 R20, and the front and rear wheels are of the same specifications, which not only ensures the driving safety, but also improves the appearance of the vehicle. The lines on the side of the car are smooth, and the lines are simple and smooth, which highlights the sense of movement and fashion of Tiggo 9. The rim style is blackened, which makes it more sporty and powerful. Generally speaking, the design of Tiggo 9 is dynamic and steady, which meets the needs of most consumers.

The interior design of Tiggo 9 is simple and elegant, with high-quality materials and fine craftsmanship, giving people a very comfortable feeling. The steering wheel is made of leather, which makes it feel very comfortable. At the same time, it supports manual adjustment up and down and back and forth, so that drivers can adjust according to their own needs. The central control screen has a size of 12.3 inches and supports voice recognition control systems, including multimedia systems, navigation, telephones, air conditioners and skylights. The front and rear rows are equipped with USB and Type-C interfaces, which is convenient for passengers to charge and connect devices. The front seats are equipped with heating and ventilation functions, which can be adjusted by the driver according to his own needs, while supporting the memory function of the electric seat. The second row of seats supports backrest adjustment, and the rear seats can be laid down in proportion, which improves the practicability of the vehicle. Generally speaking, the interior design of Tiggo 9 is very humanized, which provides a comfortable driving experience for drivers and passengers.

The Tiggo 9 is powered by a 2.0T 261 HP L4 engine with a maximum power of 192 kW and a maximum torque of 400 N m.. This engine can provide abundant power output, so that drivers can feel surging power during driving. At the same time, with the 8-speed automatic manual transmission, the shift is smoother and the driving comfort and maneuverability are improved. This engine can bring excellent driving performance to the Tiggo 9, whether on urban roads or highways.

In the evaluation of the owner of car home, we can see that he spoke highly of the design of Tiggo 9. He believes that the design of Tiggo 9′ s face value is stable and atmospheric, and it looks stable on the side, giving people a sense of stability without losing fashion. At the same time, he also expressed his love for the design of hidden door handles. This design can not only increase the aesthetic feeling of the whole vehicle, but also improve the aerodynamic performance of the vehicle. It can be seen that Tiggo 9 does have excellent performance in design and won the recognition of the owner.

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Krypton 001 is a futuristic electric car, and its design is full of sense of technology and movement. The front part adopts a streamlined design, and the air intake grille in the front part adopts a closed design, which shows the identity of its electric vehicle. The body lines are smooth, the roof lines are smooth and natural, the lines at the rear part are simple and bright, and the overall style is very modern. The design of Krypton 001 is not only fashionable, but also full of tension, showing the unique design style of Krypton brand. At the same time, Krypton 001 is also equipped with advanced LED headlights and unique daytime running lights, which makes the vehicle more conspicuous while driving and improves driving safety. In a word, the design of Krypton 001 is undoubtedly a highlight of the car system, which not only conforms to modern aesthetics, but also is full of futuristic feeling.

Extreme Krypton 001 is a medium and large SUV with a body length of 4,977 mm, a width of 1,999 mm, a height of 1,533 mm, a wheelbase of 3,005 mm, a front track of 1,703 mm and a rear track of 1,716 mm.. The car side lines are smooth, and the overall shape is fashionable and atmospheric. Tyre size is the first 255/55 R19 and the last 255/55 R19, and the rim style is fashionable. The excellent performance of body size and wheelbase makes the interior space spacious and comfortable, and the ride experience more comfortable.

The interior design of Krypton 001 is simple and generous, with black as the main tone and silver and wood decoration, creating a noble and elegant atmosphere. The steering wheel is made of leather, and it is electrically adjusted up and down+front and rear, which is convenient for drivers to find the most comfortable driving posture. The 15.05-inch central control screen has moderate size and clear display, and supports voice recognition control system, including multimedia, navigation, telephone and air conditioning functions. Both the front row and the rear row are equipped with two USB/Type-C interfaces, which is convenient for passengers to charge. The front seats have heating, ventilation and massage functions, and the driver’s seat and co-pilot seat also have electric seat memory function. The backrest of the second row of seats can be adjusted, and the rear seats can be laid down in proportion to meet different needs flexibly.

Extreme Krypton 001 is a very powerful electric vehicle with a maximum power of 580kW and a maximum torque of 810 N m.. These excellent power parameters make Krypton 001 perform very well during acceleration and driving, allowing drivers to enjoy strong power output and excellent driving experience. At the same time, Krypton 001 also has advanced electric technology, which can achieve efficient energy utilization and excellent endurance performance. It is a very recommended electric vehicle.

In the eyes of car home car owners, the model of Krypton 001 is very modern, giving people a feeling of vitality. The extremely krypton family-style hexagonal grille on the front of the car is matched with the muscular LED headlights, which makes the whole front of the car look very domineering, just like a muscular man. This modern shape not only conforms to the aesthetics of young people, but also leaves a deep impression on the value of Krypton 001.

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 and、More 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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    International Online auto channel News: On August 18th, the new brand of Great Wall Gun was officially released, which opened the era of pickup truck riding and globalization in China. The Great Wall Gun will be user-centered, and create a full-scene pickup truck life through super products, super services, super experiences and the "Great Wall Gun Alliance" plan. At this press conference, the pickup truck for the Great Wall Gun was officially opened for pre-sale, with the pre-sale price of 126,800-159,800. From now until September 30, users who paid a deposit of 999 yuan will enjoy a five-fold respect gift.

   

Li Ruifeng, Vice President and Sales Company Manager of Great Wall Motor Co., Ltd.

   The Great Wall artillery sword refers to the top three in the world, making pickup trucks popular.

    Driven by consumption upgrading and demand upgrading, pickup trucks ushered in spring. The Great Wall Gun brand released this time is the first global pickup truck brand in China, which will open the prelude to a new generation of global pickup trucks and reshape the global pickup truck power map.

Zhang Jiaming, general manager of pickup brand of Great Wall Motor Co., Ltd.

    In the future, Great Wall Gun will compete with Toyota, Ford and other international mainstream pickup brands in the global market, accelerate the globalization process in an all-round way, and reach the "1-2-3" strategy, that is, keep domestic and export sales absolutely first; By 2020, the annual sales will exceed 200,000; In 2025, the cumulative global sales exceeded 3 million.

    The release of the pickup truck for the Great Wall Gun has fully launched the "one gun and three rings" plan, that is, taking users as the center, creating a full-scene pickup truck life through super products, super services and super experiences.

   

Group photo of Great Wall Gun Alliance

    At this conference, Great Wall Gun established the "Great Wall Gun Alliance" in conjunction with outdoor clubs, modified brands, sports brands and non-profit organizations, taking users as the center, building an open and shared pickup life community and creating the "strongest ecological circle" of pickup culture. Members of the Great Wall Gun Alliance will realize the open sharing of marketing promotion, peripheral products, space and user circles, and gather various forces to promote pickup culture and make pickup popular.

   Great Wall Gun, Redefining the Life Style of Pickup Truck

    The brand-new logo of the Great Wall Gun evolved from the letter "P", which represents the triple meanings of "POWER strength and strength", "PK challenge and innovation" and "PERFECT perfection and extreme life", and symbolizes the spiritual connotation pursued by the Great Wall Gun. The Great Wall Gun is a label, representing those elites who yearn for freedom, are fearless of challenges, pursue perfection and have distinctive characteristics of the times!

   

Great wall pao Logo

    The Great Wall Gun has the comfort of a car, the off-road nature of an SUV, the leisure nature of a station wagon, and the loading and versatility of a light truck, so that it can be used by four cars with one car. The Great Wall Gun provides not only comfort in riding, but also a relaxing experience in spirit, vision and mind.

   

Zhang Haobao, Marketing Director of Pickup Truck of Great Wall Motor Sales Company

   126,800-159,800, the pickup truck for the Great Wall Gun was pre-sold.

   

Pre-sale price of great wall gun

    At the press conference, the Great Wall Cannon opened the pre-sale of the pickup truck for passengers, and the user opened it on August 18, 2019 — On September 30, 2019, users who paid a deposit of 999 yuan through Great Wall pickup trucks in official website, JD.COM and Tmall Great Wall Motor flagship stores can enjoy five gifts:

    Exclusive gift: give away the trunk lid (hard top or shutter flat cover)

    Financial Gift: Enjoy 2 years of zero-interest financial support.

    Replacement ceremony: enjoy a maximum replacement subsidy of 5,000 yuan.

    Interconnection ceremony: basic services are free for life, entertainment services for 3 years and exclusive services for 1 year.

    Alliance ceremony: Enjoy all the service rights and interests of the Great Wall Gun Alliance (long-term value-added rights and interests).

   

Group photo of the Great Wall Gun Conference

    The Great Wall Gun is built on the new P71 platform of Great Wall Motor, which is safer, more comfortable, lighter and more extensible, and can be derived from more than 100 models with different sizes, different power and different driving forms.

   

Interior Design of Great Wall Gun

    In terms of passenger configuration, 6-way main driver’s electrically adjustable seat, seat electric heating, dual-temperature zone automatic air conditioning, more than 100 sound insulation/sound absorption treatments, and multi-link rear suspension applications.

    The new car networking technology is adopted to realize functions including intelligent voice control, intelligent dynamic information service, etc. It is equipped with L2-level automatic driving technology, matching ACC adaptive cruise, lane keeping, intelligent driving assistance and other functions, and can realize functions such as assisted driving, environmental awareness, planning and decision-making.

   

Design of great wall cannon head

    The pickup truck for the Great Wall Gun is equipped with 8AT+2.0T engine, TOD intelligent four-wheel drive, high-strength cage body of the whole vehicle, ESP with the latest generation of Bosch 9.3 version, 360-degree look around, reversing image, parallel assistance, intelligent forward looking, 12 radar probe, etc.

    The birth of the Great Wall Gun means that the Great Wall pickup truck is accelerating the globalization process in an all-round way, opening the era of pickup truck utilization, leading the pickup truck culture with China characteristics and impacting the top three pickup truck brands in the world. The whole scene pickup truck life circle will definitely bring users a more colorful super experience. (Photo courtesy of Great Wall Motor Editor Wei Wei Editor wuyue)

On December 28th, at the Xiaomi Automobile Technology Conference, Xiaomi SU7 was officially unveiled. At the same time, Xiaomi released technologies including Xiaomi super motor and CTB integrated battery technology. Lei Jun, chairman and CEO of Xiaomi, said that Xiaomi Automobile is a major leap from the mobile phone industry to the technology industry for Xiaomi Group, and it is also a key leap for the complete ecological closed loop of people and cars. Xiaomi Automobile is a brand-new beginning of Xiaomi Group. The following is a summary of some key points of the conference.

Lei Jun: Xiaomi“Ren che Jia quan ecology"Formal closed loop of strategy

Lei Jun announced that Xiaomi 澎湃 OS officially got on the bus. With the release of Xiaomi Automobile, Xiaomi’s strategy of "full ecology of people, cars and homes" was officially closed.

Xiaomi SU7 officially released.

Xiaomi officially released the first pure electric vehicle — — Xiaomi SU7, positioning C-class high-performance eco-technology car. It is reported that Xiaomi SU7 offers three color schemes: Gulf Blue, Elegant Grey and Olive Green.

Lei Jun responded to Xiaomi Automobile Pricing

Lei Jun said that Xiaomi Automobile is equipped with 101kWh Contemporary Amperex Technology Co., Limited Kirin battery and ternary lithium battery. He said: "As long as cars with such battery packs are used, the average price is above 400,000, so people who say that the price is 149,000 don’t have to talk about it anymore, but they still have to respect technology."

Xiaomi released super motor.V8s

Xiaomi released the super motor V8s. Lei Jun introduced that the super motor V8s was completely developed by Xiaomi, with the highest speed in the industry, 27,200 rpm, and it is planned to get on the bus in 2025.

Xiaomi Auto ReleaseCTBIntegrated battery technology

Lei Jun introduced Xiaomi 800V battery pack, with the highest voltage of 871V, which was jointly developed with Contemporary Amperex Technology Co., Limited for two years. In addition, Xiaomi has also developed CTB integrated battery technology, that is, the battery pack is made part of the car body, and then it is used to replace the floor of the whole car body. In terms of battery safety, Xiaomi adopted the most stringent battery safety standards in the industry to ensure that even if the water cooling system does not work when the battery is fully charged at 55 degrees, there is no open flame and no heat spread, and the industry pioneered the battery cell inversion technology.

Lei Jun: XiaomiSU7Maximum speed exceedingTaycan TurboandModel S

According to Lei Jun, the 100-kilometer acceleration time of Xiaomi SU7 is 2.78 seconds, the top speed can reach 265 kilometers per hour, and the top speed exceeds Taycan Turbo and Model S, so its performance is excellent.

On January 8th, Aouita 11 HarmonyOS version of Zhixiang upgrade was officially launched. The car has mainly undergone four upgrades: intelligent driving upgrade, equipped with map-free NCA function that does not rely on high-precision maps; Comfort upgrade, four somatosensory optimizations; Chassis upgrade, adding Huawei iTRACK function; The rights and interests are upgraded, and the "intelligent" highest rights and interests can be enjoyed for life. Moreover, there is no price increase in the whole department, and the prices of 90-degree rear-drive version 300,000 yuan, 116-degree rear-drive version 335,000 yuan, 90-degree luxury version 350,000 yuan and 116-degree luxury version 390,000 yuan remain unchanged.

With the launch of this car, Aouita has entered the era of intelligent driving with "de-high-precision mapping", which effectively makes up for the shortcomings of the intelligent driving scheme with high-precision maps, not only solves the pain point of "following the map", but also unlocks more high-frequency intelligent driving scenes. It is reported that its urban NCA intelligent driving function will unlock more than 300 cities at one time, bringing users a travel experience of "all the country can open and all the country can open".

Thanks to the industry’s top-stream vehicle-side perception and calculation ability brought by three laser radars that are fully equipped at the beginning, Aouita 11 can land quickly without relying on the intelligent driving NCA function of high-precision maps. Aouita 11′ s intelligent driving system integrates the Road Topology Reasoning Network (RCR) and the industry’s first GOD network to build real-time road information, identify all kinds of obstacles sensitively, and improve the safety of human driving and intelligent driving.

Aouita 11′ s intelligent driving system can make rapid and reasonable vehicle movement planning and path planning, and its driving style is more "human-like". In case of repairing subway, tidal lane, temporary road changes caused by traffic control and other scenes, the intelligent driving system can make up for the difference of iteration period of high-precision maps, and truly drive with or without maps, and the complex road conditions will not be degraded. In response to daily commuting and self-driving cross-provincial travel scenarios, the intelligent driving system can independently choose roads with higher traffic efficiency.

Combined with user feedback, the car has also been optimized for the leg, waist, back and sitting posture of the seat, so that users can have a comfortable experience no matter which seat they are in or which sitting posture they take. At the same time, the chassis of the car is upgraded with Huawei iTRACK architecture, which can realize ultra-fine road condition perception of 10,000 times per second and real-time adjustment of torque of 1,000 times per second, so as to realize the best power output mode under different road conditions and create the best driving experience.

Huawei’s iTRACK function "makes the road smooth". Aiming at the most common speed bump scene in daily life, Huawei iTRACK accurately identifies the wheel speed fluctuation, and adjusts and controls the torque within milliseconds to achieve rapid convergence. Through the actual measurement, the wheel speed fluctuation can be reduced by 50% and the aftershock time can be shortened by 40%, thus effectively improving the comfort and safety of the whole vehicle and bringing better driving experience to users.　

The rights and interests are easy to upgrade. From now until February 29, 2024, car buyers can choose one of the following rights and interests: rights and interests 1. Users who buy cars after January 8 will be given a high-end smart driving bag worth 26,000 yuan; Second, during the activity, car buyers can enjoy the discount of paying a deposit of 5,000 yuan to offset the car payment of 25,000 yuan. In addition, Aouita also introduced more car benefits in a limited time, including: the first car owner’s lifetime three-electricity warranty; 6000 yuan replacement subsidy; Give away the intelligent fragrance system; The down payment starts from 42,000 yuan, and the full-term ultra-low interest financial concessions.

Upstream news Wu Jian

Editor: Wang Xinyu Editor: Kevin·Z Audit: Lei Zhao

9. Zhang Xinyi

　　Tik Tok Zhang Xinyao is also a red man, and his popularity in Tik Tok has been very high. In fact, compared with other handsome little brothers, Zhang Xinyao is not outstanding in appearance, with a single eyelid and small eyes. If you look at it alone, it is still a little general, but it is also a major feature of him that he has considerable affinity. And my little brother is still in’ 94, coquettish and cute. There are many people who can dance and grow handsome, but there is only one like Zhang Xinyao. When he smiles, the whole world lights up, and he always feels that his eyes are sweeter than the corners of his mouth.

10. Lianyin Society

　　Before the fire of Modern Brothers, the music club was also on fire for a while, that is, the heat has dropped again recently. Lianyin Society is also popular because it sings beautifully. Every live broadcast is also surrounded by three floors inside and three floors outside. Lianyin Society’s "Lesions" and "Leaving People" are quite classic. The classic combination of Lianyin Society, one fat and one thin, is also very distinctive. One is responsible for the lead singer and the other is responsible for the RAP part. Gold always shines. I hope Lianyin Society can continue to cheer in Do not forget your initiative mind!

　　At present, the car companies that mainly rely on the profits of joint ventures are not the "Li Mubai" we are looking for, because in the medium and long term, the weak independent business sector will put enterprises at a disadvantage in the long term, and the helm needs to actively adjust the business direction. Are the remaining Great Wall Motor and Geely Automobile what we are looking for?

　　From the above table, we can see that Geely and Great Wall Motor have performed well in all indicators, and they are also the head enterprises in the China brand passenger car camp. But in contrast, Geely Automobile’s performance is even better, because in the case of little difference in operating income and gross profit margin, Geely Automobile’s non-net profit deduction is almost twice that of Great Wall Motor.

　　In addition, due to the downturn of the automobile market and the epidemic situation, Great Wall Motor lowered its sales target in 2020 from 1.11 million to 1.02 million, while Geely Automobile announced at the 2019 performance conference that it would stick to the sales target of 1.41 million vehicles in 2020 (including Geely, Lectra and Geometry).

　　In terms of R&D investment intensity, Great Wall Motor increased its R&D expenses by 55.82% to 2.72 billion yuan in 2019 when its revenue, gross profit and net profit all declined. The total R&D investment of Geely Automobile is 5.45 billion yuan, accounting for 5.6% of the revenue, which is higher than Geely’s average R&D investment of 5.4% in recent five years. However, Geely Automobile said that the R&D expenses will be appropriately reduced to about 4.5 billion yuan in 2020, which is consistent with its goal of trying to keep cash.

■Don’t just focus on making money and speeding up, the tank is out of gas or finished.

　　Dell, a world-renowned enterprise, once reflected when faced with serious losses in the first fiscal quarter of 1993, "Like many companies, we have always focused on the figures in the income statement, but rarely discussed the issue of cash flow. It’s like driving a car, just watching the dashboard accelerate, but not noticing that there is no oil in the tank. " Therefore, after analyzing the net profit of each car company, let’s take a look at their "fuel tank", that is, cash flow.

　　In the first chapter, we found out Geely and Great Wall Motor, which have a good profit performance in their main business, through analysis. How did they perform in the investigation of cash flow? Is it in line with our expectation of "Li Mubai, a car company"? Geely Automobile said in the financial report that the company’s bank balance cash increased by 23% to 19.281 billion yuan at the end of the reporting period, of which 12.538 billion yuan came from operating cash inflow and 500 million US dollars (about 3.25 billion yuan) was obtained from new financing channels.

　　At present, Great Wall Motor mainly meets its daily business needs with its own cash and bank loans. As of December 31, 2019, the short-term loan of Great Wall Motor was 1.18 billion yuan, and the long-term loan was 4.35 billion yuan. The above loans were mainly used for overseas and factory construction. It can be seen that the above bank loans cannot be counted as cash flow.

　　However, we can see from the balance sheet that as of December 31, 2019, Great Wall Motor had 9.723 billion yuan of monetary funds (which can be converted into cash), an increase of 2.040 billion yuan over the previous year. However, the fact that money and cash increase cannot alleviate the pressure of Great Wall Motor, because its accounts payable within one year are as high as 25.33 billion yuan.

　　As far as 2020 is concerned, the cash flow of car companies will generally face challenges, because before, car companies could guarantee their own cash flow by crediting the supply chain and using the funds to the retailers before starting, but this year, upstream parts suppliers may require car companies to pay some cash in advance, and some downstream car dealers may find it difficult to pay the money first before taking the car. Affected by the epidemic situation and the downturn of the automobile market, car companies with little cash in hand may need to ease their pressure by opening up financing channels, otherwise they will be in business difficulties.

　　From the comparison of non-net profit and cash flow, we can see that Geely Automobile has the best performance, followed by Great Wall Motor. If there is only one "automobile enterprise Li Mubai", from the horizontal comparison of the above-mentioned enterprises, Geely Automobile can afford this title. Moreover, by comparing the total asset turnover rate and inventory turnover rate between car companies, Geely Automobile has relatively strong asset management and operation capabilities. (Note: The higher the total assets turnover rate and inventory turnover rate, the better. )

　　Summarize the full text:Through financial indicators, people call the enterprises whose net profit and net cash inflow from operating activities increase, cash from investment activities increases substantially, and long-term liabilities increase without cash capital increase (they are confident that the return on investment is higher than the interest on loans) as confident growth enterprises, which is the "Li Mubai" that can help investors achieve wealth growth.

　　Among the above-mentioned enterprises, the financial reports of Geely Automobile and Great Wall Motor all show certain vitality. For example, in 2019, in addition to making profits from their main businesses and obtaining cash flow, both of them maintained R&D investment and overseas market expansion under the pressure of sales volume and funds. However, whether Geely Automobile can stand out from many China automobile companies depends on the next financial reports of SAIC, Changan Automobile and BYD. The "financial resources" competition of China car companies and who can be better will be fully presented in the next financial report of China car companies. (Text/car home Song Aiju)