April Sales Express: Who won the second price war?

  [car home Information] In April, the price war of car companies continued. After the price reduction tide in late February and March, the price of the models that had dropped to the end in advance basically stabilized or only slightly adjusted, and some car companies that were waiting to see also chose to join the price reduction army. Consumers began to get used to the tide of price reduction, from the initial wait-and-see state to the opportunity to start consumption, which also made the sales of car companies change obviously in April, and many car companies’ sales rose red, so let’s take a look at the sales list in April to see which car companies’ sales rose sharply.

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● China car companies/China brands:

  In terms of car companies in China, BYD continued to lead the way, and its sales in the first four months were close to one million units. Dongfeng Motor, Chery Group and Geely Automobile entered the second echelon, but it should be noted that the sales volume of Dongfeng Motor includes the sales data of its joint venture company, and its own brand sold 446,000 vehicles from January to April, accounting for about half. We noticed that BYD, Chery Group and Geely Automobile all achieved high year-on-year growth in April. The Great Wall ranked third, with sales of 94,796 units in April.

  China brand, Haval, Guangzhou Automobile Chuanqi, Jietu and other traditional family car brands still have good sales performance. At the same time, we have seen luxury or mid-to-high-end brands such as Hongqi, tank SUV and Lectra, which have also been recognized by consumers, and tank SUVs have achieved rapid growth.

Byd

  BYD sold 313,245 vehicles and 312,048 passenger cars in April, up 49% year-on-year. At present, the cumulative sales volume of BYD’s new energy exceeds 7.3 million. Details are as follows:

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  Specifically, BYD Auto sold 297,864 vehicles in April, a year-on-year increase of 49.7%. Tengshi automobile sold 11122 vehicles, looking up to 952 vehicles and Equation Leopard automobile 2110 vehicles. 41,011 passenger cars were exported, up 176.6% year-on-year.

  Previously, BYD set the internal sales target of Dynasty and Ocean Net in 2024, with the sales target of Dynasty Net being 1.7 million and Ocean Net being 1.6 million. This goal does not include overseas markets.


○ Dongfeng Motor

  From January to April, Dongfeng Motor Company sold a total of 849,000 new cars, a year-on-year increase of 24.7%. Among them, the sales volume of self-owned brand vehicles was 446,000, a year-on-year increase of 46.6%; The sales volume of new energy vehicles was 235,000 units, a year-on-year increase of 132%; The export vehicle sales volume was 71,000 units, up 8.2% year-on-year.

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Chery group

  Chery Holding Group sold 182,049 vehicles in April, a year-on-year increase of 43.7%; Among them, 89,377 vehicles were exported, up 18.3% year-on-year; The sales volume of new energy was 32,995 vehicles, a year-on-year increase of 165.2%. From January to April, a total of 711,653 vehicles were sold, a year-on-year increase of 55.7%.

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  According to the official, the sales volume of Chery Group maintained a rapid growth trend. In the first quarter, Chery Group ranked first in the industry with a growth rate of 60.3%. In April, the Federation predicted that the retail sales of passenger cars in narrow sense would drop by 1.5% year-on-year, and Chery Group continued to rise against the trend with a positive growth of 43.7%. From January to April, 93,128 new energy vehicles were sold, a year-on-year increase of 137.3%. From January to April, a total of 342,795 vehicles were exported, up 34.2% year-on-year.

  Specific to the brand, Chery brand sold 117,726 vehicles in April; From January to April, the sales volume was 482,947 vehicles, a year-on-year increase of 57.5%. Xingtu brand sold 8235 vehicles in April; From January to April, the sales volume was 31,728 vehicles, a year-on-year increase of 28%; Jietu brand sold 37,248 vehicles in April; From January to April, the sales volume was 144,724 vehicles, a year-on-year increase of 104%; ICAR 03, the first product of Icar brand, has just been on the market for 2 months, and it is loved by cool young people. In April, it sold 7524 vehicles. The cumulative sales volume is 13,011 vehicles.


Geely automobile

  Geely Automobile sold 153,267 vehicles in April, up about 2% month-on-month and 39% year-on-year. In April, the sales volume of new energy was 51,428 vehicles, an increase of about 75% year-on-year. In April, the sales volume of overseas exports was 38,151 vehicles, an increase of about 75%.

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  It is reported that Geely Galaxy sold 12,725 vehicles in April, an increase of about 25% from the previous month; The sales volume of Lectra brand in April was 18,727 vehicles, an increase of about 34% year-on-year; The sales volume of Krypton brand in April was 16,089 vehicles, a year-on-year increase of 99%. In terms of overseas exports, the sales volume in April was 38,151 vehicles, an increase of about 5% from the previous month and an increase of about 75% from the same period last year.


Great wall

  In April, Great Wall Motor sold 94,796 new cars (compared with 100,276 in March). Among them, 36,141 vehicles were sold overseas, a year-on-year increase of 65.68%, a record high; New energy sales reached 22,436 vehicles, a year-on-year increase of 50.94%; From January to April, Great Wall Motor sold a total of 370,129 new cars, up 18.18% year-on-year.

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  The Haval brand sold 47,054 new cars in April; From January to April, a total of 204,943 new cars were sold, up 15.11% year-on-year. In April, the 2024 Haval Raptors were launched, and the new generation Haval H6 and H9 made their world debut during the 2024 Beijing Auto Show, which attracted wide attention. Wei brand sold 4,458 new cars in April, an increase of 87.71% year-on-year; From January to April, it sold 14,066 vehicles, up 143.44% year-on-year.

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  Tank SUVs sold 20,469 new cars in April, an increase of 87.51% year-on-year; From January to April, 69,653 new cars were sold, a year-on-year increase of 98.30%. According to official data, tank brands have occupied more than 50% of the hard-core off-road market for 40 consecutive months. Great Wall pickup trucks sold 18,069 new cars in April, and accumulated 61,564 vehicles from January to April. Great Wall Gun sold 14,231 new cars in April, up 10.55% year-on-year. During the 2024 Beijing Auto Show, 2.4T passenger guns and 2.4T commercial guns were officially opened for pre-sale.

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  The Euler brand sold 4686 new cars in April; From January to April, the cumulative sales reached 19,715 vehicles. In the next three years, in the global product layout, Euler will develop from the models on sale to the full coverage of small to medium and large, and all the dual product lines of cars and SUVs will go to sea. In April, Great Wall Motor sold 36,141 new cars overseas, a year-on-year increase of 65.68%; From January to April, 128,919 new cars were sold overseas, a year-on-year increase of 74.71%. Up to now, the five brands of Great Wall Motor have all reached the sea, and the world has gained the favor of more than 14 million users.


○ SAIC New Energy

  From January to April, SAIC sold 285,000 new energy vehicles, a year-on-year increase of over 35%. The details are as follows:

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  From January to March, the delivery volume of SAIC terminals reached 1.132 million, a year-on-year increase of 9.3%; The domestic market sales of new energy vehicles reached 168,000 units, up 117.5% year-on-year; Terminal deliveries in overseas markets reached 269,000 vehicles, up 21.3% year-on-year. The total operating income of the Group is 143.07 billion yuan, and the net profit attributable to shareholders of listed companies is 2.71 billion yuan.


○ Changan New Energy

  From January to April 2024, Changan Automobile sold 180,500 new energy vehicles of its own brand, a year-on-year increase of over 68%. In April, the sales volume of new energy was 51,700 units, a year-on-year increase of over 129%.

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  Specifically, Changan Qiyuan delivered 11,833 vehicles in April, and the cumulative sales volume of Changan Qiyuan exceeded 88,000 vehicles. Deep Blue delivered 12,744 vehicles in April, and Aouita delivered 5,247 vehicles in April.

  A few days ago, Changan Automobile released a financial report showing that in the first quarter of 2024, Changan Automobile’s operating income was 37.023 billion yuan, a year-on-year increase of 7.14%; The net profit of returning to the mother was 1.158 billion yuan, down 83.39% year-on-year.

  The data shows that Changan Automobile sold 692,100 vehicles in the first quarter, up 13.9% year-on-year; The sales volume of self-owned brand new energy vehicles was 128,800, a year-on-year increase of 52.4%. Among them, Changan Qiyuan, Aouita and Shenlan Automobile sold 32,379 vehicles, 14,532 vehicles and 40,084 vehicles respectively in the first quarter, accounting for nearly 70% of Changan Automobile’s own brand new energy sales.

  It is worth mentioning that Changan Automobile’s investment income in the first quarter was 177 million yuan, down 96.43% year-on-year. Changan Automobile said that it was mainly due to the acquisition of Deep Blue Automobile in the same period last year to confirm the impact of investment income. It is reported that in the first quarter of 2023, Changan Automobile gained 5.021 billion yuan by increasing the shareholding of Deep Blue Automobile.

  Looking forward to the whole year of 2024, Changan Automobile aims to produce and sell 2.65 million vehicles and promote the expansion of the market. To this end, Changan Automobile will launch eight new energy products including Aouita E15 and E16 and Changan Qiyuan E07, providing strong product support and further expanding the product supply structure.


○ GAC Chuanqi

  GAC Chuanqi sold a total of 37,733 new cars in April, a year-on-year increase of 25.6%. Among them, MPV models sold 13,198 units in April, an increase of 18% year-on-year. Shadow series sold 12,817 units in April, and GS3 sold 10,157 units at movie speed.

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Red flag

  From January to April, the cumulative wholesale sales of Hongqi brand exceeded 130,300 units, a year-on-year increase of 56.9%. Retail sales exceeded 126,000 units, a year-on-year increase of 24.6%.

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● Joint venture car companies/overseas brands:

  In terms of joint venture car companies/overseas brands, there are not many companies that announce sales. FAW Toyota and GAC Toyota have basically maintained a traditional sales trend, with no ups and downs, and their sales results are not bad. SAIC-Volkswagen New Energy and SAIC-GM New Energy also achieved satisfactory sales results through price reduction.

Faw Toyota

  FAW Toyota delivered a total of 56,536 new cars in April 2024, of which 7,554 were delivered by Grevia in April. In addition, FAW Toyota officially announced that all models are 100% intelligent.

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  Specifically, 30,206 electric vehicles were delivered, up 24% from the previous month, and the proportion increased to 53%, among which 6,647 electric cars bZ3 were delivered, up 93% from the previous month. 30,202 high-end models were delivered, an increase of 26% from the previous month and the proportion increased to 53%. In addition, FAW Toyota also launched a trade-in car purchase policy in May. The factory subsidy and the state subsidy are superimposed, and the highest subsidy can be 23,000 yuan.

FAW Toyota bZ3 2024 616km Long Life Premium

FAW Toyota bZ3』

  It is reported that the annual sales target of FAW Toyota this year is 880,000 vehicles. According to the previously published data, FAW Toyota sold 157,294 new cars in the first quarter, superimposed with the sales in April, and sold a total of 213,830 new cars from January to April, which has achieved 24.3% of the sales target.


Guangqi Toyota

  Guangzhou Automobile Toyota sold 52,251 units in April, of which 25,598 were electrified models, accounting for 49%. There are 30,136 SUV models, accounting for 5%. The details are as follows:

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  The 2024 Toyota Saina SIENNA was launched on April 23rd, and nine models were launched. The suggested retail price range was 299.8-410.8 million yuan, and the price range after comprehensive discount was 284.8-395.8 million yuan (including the maximum reduction of suggested retail price of 10,000 yuan, and the official App made a decision of 15,000 yuan, which was provided by authorized dealerships in various places). As a modified model, the new car has added an E-Four four-wheel drive model, some car chips have been upgraded to Qualcomm Snapdragon 8155, and the second row of seats have also been upgraded.


○ Volvo

  In April this year, the global sales volume of Volvo Cars reached 65,838, a year-on-year increase of 27%. Among them, the sales of pure electric and plug-in hybrid vehicles increased by 53% year-on-year, accounting for 48% of global sales in April. From January to April this year, the cumulative sales volume of Volvo Cars in the global market reached 214,914 vehicles, a year-on-year increase of 16%.

Volvo (imported) Volvo XC90 2024 B6 Zhiyi Deluxe Edition 7 seats

  Judging from the sales situation in various markets, Volvo Cars sold 34,238 vehicles in the European market in April, a year-on-year increase of 65%. Among them, the sales of electric vehicles increased by 76% year-on-year. In the US market, Volvo Car sold 10,604 vehicles in April this year, a year-on-year increase of 10%. Among them, the sales of plug-in hybrid vehicles increased by 89%.

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  In China, the sales volume of Volvo Cars reached 12,221 vehicles in April, down 3% year-on-year. Among them, the sales volume of electric vehicles reached 1062, down 16% year-on-year. From the first four months of this year, the cumulative sales of Volvo Cars in China market reached 50,179 vehicles, up 2% year-on-year. In terms of vehicle sales, Volvo XC60 has become the best-selling model, with global sales reaching 19,542 vehicles. XC40 sold 15,139 vehicles in October; EX30 sold 9,730 vehicles in October.

  Annwall, Chief Commercial Officer and Deputy CEO of Volvo Cars, said: With the continuous growth of delivery and electric vehicle sales, it is confident that the annual retail sales will increase by at least 15% this year.


○ SAIC Volkswagen New Energy

  On the basis of the "trade-in" state subsidy of up to 10,000 yuan, SAIC Volkswagen launched the ID.Care value-added package repurchase policy. In April, the sales volume of SAIC Volkswagen brand new energy vehicles exceeded 10,000 units, a year-on-year increase of 56%. The details are as follows:

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  Recently, the state has proposed to stabilize traditional consumption, boost bulk consumption, and take various measures to stimulate consumption. SAIC-Volkswagen launched the outstanding "trench" ceremony for the 40th anniversary of ID.3 in March, and launched the ID.Care value-preserving package on April 20th. On April 25th, ID.4 X and ID.6 X were launched simultaneously on the media day of Beijing Auto Show.

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  From the beginning of the activity to June 30, regardless of the full payment or the full-scene payment of installment loans, users can purchase any model of SAIC Volkswagen ID. Family, and they can simultaneously select the ID.Care value preservation package delivered in a limited time. After owning a car for three years, you can enjoy the repurchase of 60% of the car price. The repurchase conditions only need 3 years of accumulated mileage ≤ 90,000 kilometers and 3 years of accumulated claims ≤30% of the car price. It is worth mentioning that even users who have purchased ID within three months can go back to the store to enjoy the value-added repurchase rights.


○ SAIC GM New Energy

  SAIC-GM delivered 8,762 new energy vehicles in April, a year-on-year increase of 93.1%. The details are as follows:

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  At the 2024 Beijing Auto Show, Cadillac IQ Aoge ushered in the official listing. The new car launched two models, the four-wheel drive long battery life version and the standard battery life version, with a price range of 23.97-26.97 million yuan. As the second electric SUV of Autoenergy platform after Cadillac’s IQ sharp song, the new car as a whole continues to be built in family-style design language and has a good performance.

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  Previously, Buick GL8 Luzun PHEV was officially listed, and three models were launched, with a price of 359,900-419,900 yuan. The new car will be equipped with SAIC-GM’s new generation PHEV intelligent plug-in and hybrid system. CLTC has a pure battery life of 138km and a comprehensive battery life of 1370 km. In the future, Buick plans to launch a pure electric version of the GL8 model after inserting the mixed version of the GL8.

● New forces for building cars:

  The new force of making cars is the core of the sales announced by car companies every month. Tesla continues to lead with 62,167 cars. Of course, it also contains export data. Compared with other car companies, Tesla often adjusts its production capacity according to different market demands around the world. Huawei’s HarmonyOS Zhixing continues to be far ahead, including two series, namely AITO’s Intellectual Community and Intellectual Community. Among them, Intellectual Community sold 25,086 units in April, up 417% year-on-year, and Intellectual Community sold 4,546 units in April. However, compared with the hot delivery of the new M7 in March, there was a big drop in April, but on the contrary, the sales of M9 () in the world rose. Ai ‘an and Ideality also rank in the first echelon of new forces, but the sales volume of Ai ‘an has dropped sharply year-on-year, which is rare among new energy vehicle companies. LI has not completely walked out of the haze in April, and its sales growth is weak, but it is expected that it will perform well after delivery in May.

  In the second echelon, there are mainly brands with sales of more than 10,000 units, including Extreme Krypton, Weilai, Zero Run, Deep Blue, Geely Galaxy, Chang ‘an Qiyuan, Tengshi, etc., among which Extreme Krypton, Weilai and Zero Run all achieved substantial year-on-year growth. The third echelon is mainly brands with less than 10,000 sets, including Tucki, Nezha, Xiaomi, Aouita, Euler, Lantu, Equation Leopard, Wangwang, etc. Among them, Aouita’s growth rate is also quite obvious, and the sales volume has been improved through price reduction. After the subsequent increase in production capacity, Xiaomi Automobile will probably become a dark horse and impact the first few echelons.

Tesla.

  According to the data of the Federation, Tesla Giga Shanghai is expected to deliver a total of 62,167 electric vehicles in April 2024. In 2023, Model Y became the best-selling passenger car in the world with sales of more than 1.2 million vehicles. Continuing the sales momentum, Tesla has recently sold more than 10,000 vehicles in the China market for several weeks.

Tesla China Model 3 2023 Rear Wheel Drive Edition

HarmonyOS Zhixing.

  HarmonyOS Zhixing Company delivered 29,632 vehicles in April. Specifically, 13,391 vehicles were delivered by the asking sector M9, 10,896 vehicles by the asking sector M7 and 4,546 vehicles by the intellectual sector S7.

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AITO asks the world M9 2024 extended range Ultra version 52kWh

  Wenjie M9 locates the flagship large SUV, and the price range is 469.8-569.8 million yuan. In terms of power, the M9 will provide two sets of power systems, the extended range version and the pure electric version, and both adopt the layout of front and rear double motors. Among them, the maximum power of the front motor and the maximum power of the rear motor of the pure electric version is 160kW and 230kW, and it is equipped with a ternary lithium battery with a capacity of 97.682kWh provided by Contemporary Amperex Technology Co., Limited, and its pure electric cruising range is 630km under CLTC conditions.

  The extended range version uses H15RT 1.5T engine, with a thermal efficiency of 41% and a maximum power of 112kW. It is matched with double motors, and the maximum power is 165kW and 200kW respectively. The battery is a ternary lithium battery from Contemporary Amperex Technology Co., Limited, which comes standard with a 42-degree battery. Under CLTC conditions, the comprehensive battery life reaches 1362km and the pure battery life is 225km;. A 52-degree battery version CLTC is also available, with a comprehensive battery life of 1402km and a pure battery life of 275km, and the optional price is 20,000 yuan.

  It is worth mentioning that the M9 pure electric version of Wenjie is equipped with 800V high-voltage silicon carbide platform, which can last 150km for 5 minutes. The extended range version is equipped with pure electric drive extended range platform 4.0, which brings 4.3 seconds and 4.9 seconds of 0-100km/h acceleration respectively. In addition, it is equipped with a 4-piston fixed caliper high-performance braking system, and can be equipped with 22-inch double ten-spoke moving wheels or 21-inch low wind resistance wheels. The braking distance at 100-0km/h is only 34.9 meters.

AITO asks the community M7 2024 1.5T intelligent driving four-wheel drive Max version 6 seats.

  The M7 is positioned as a medium and large SUV, and the price range is 249.8-329.8 million yuan. In terms of power, the new model M7 adopts HUAWEI DriveONE extended-range electric drive platform, equipped with a 1.5T extended-range hybrid system, and provides a rear-drive version and a four-wheel drive version. The maximum power of the rear drive version is 272 HP, and the comprehensive maximum power of the four-wheel drive version is 449 HP. The four-wheel drive version of CLTC has a pure electric cruising range of 210km, and the rear-drive version is 240km.

LUXEED Zhijie Zhijie S7 2024 Max RS

  Zhijie S7 locates medium and large cars, and the price range is 24.98-34.98 million yuan. In terms of power, Zhijie S7 comes standard with HUAWEI DriveONE 800V high-voltage silicon carbide platform, which can recharge 215km in 5 minutes and 430km in 15 minutes. The two-wheel drive version has a maximum power of 292 HP, and the four-wheel drive version has a maximum power of 496 HP. Its 0-100km/h acceleration time is 3.3 seconds, the braking distance of 100-0km/h is only 33.5 meters, and the comprehensive endurance of CLTC can reach up to 855km. In addition, the new car is equipped with Turing intelligent chassis, CDC variable damping shock absorber and air suspension to improve handling stability.


○ Ian

  Guangzhou Automobile Aian sold 28,113 vehicles worldwide in April. At the same time, the official said that AION V and 2024 Haobo HT have arrived in the store one after another, and you can enter the store for details.

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  At the 2024 Beijing Auto Show, GAC Aian brought a brand-new pure electric SUV-the second generation AION V, which was built on the AEP pure electric platform, adopted a brand-new design concept, and focused on intelligent driving. The new car has a length of 4605mm and a wheelbase of 2775mm. In terms of battery life, AION V has reached 750km, equipped with self-developed second-generation ITS2.0 intelligent temperature control system, charging 370 km in 15 minutes.

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  Also at the Beijing Auto Show, the new Hao Platinum HT was officially launched.A total of five models were launched.The price range is 21.39-32.99 million yuan.. In terms of limited-time rights and interests, users who set up the 825 Eurowing Lidar version or install gull-wing doors can enjoy the rights and interests of 20,000 to 60,000 expansion funds. If Hongyuan team wins the championship this season, 20,000 yuan expansion funds will be returned.

Guide price of 2024 Haobo HT car make and model Price (ten thousand yuan) 550 rear drive charging and changing plate 21.39 670 UHV Lidar Edition 24.99 825 UHV Intelligent Driving Edition 24.99 825 UHV Lidar Edition 26.99 825 Eurowing Lidar Edition 32.99

  In terms of power, the new car adopts 800V technology, charging 425km in 15 minutes, and the cruising range includes 550km, 670km and 825km. The total power of the motor is 180 kW and 250 kW respectively, and the total torque is 355 Nm and 430 Nm. In terms of intelligent driving, the new car will be equipped with lidar, and the 2024 model will be the first to have urban NOA function, which will be available nationwide in September.


LI.

  In April, LI delivered 25,787 new cars, up 0.4% year-on-year. By April 30, 2024, LI had delivered a total of 739,551 vehicles.

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LI Ideal L6 2024 Max

  On April 18th, Ideal L6 was officially launched, and two models were launched, with a price of 249,800-279,800 yuan. The new car is a five-seat medium and large extended-range SUV, which is positioned under the ideal L7.

  On April 24th, the delivery of Ideal L6 was officially started, and the delivery centers in 68 cities across China, including Beijing, Zhejiang, Shandong, Jiangsu and Guangzhou, welcomed the first owners of Ideal L6 at the same time. The official said that the ideal L6 will start mass delivery in May. The first batch of users who order the ideal L6 before May 5 can enjoy three rights and interests with a total value of 20,000 yuan, including an optional fund with a value of 10,000 yuan, which can be used to select special edition car paint colors and 21-inch rims; Household charging piles and installation services worth 5,000 yuan; The deposit of 5,000 yuan is directly deducted from 10,000 yuan.

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  It is worth noting that during the May Day holiday, LI Delivery Center delivered the goods normally, and all models in LI were charged at the ideal overcharge station for free.

  In addition, OTA version 5.2 will also be pushed in May, and the platform capabilities of intelligent driving AD Pro and AD Max will be fully evolved, and the functions of intelligent driving, intelligent parking and active safety will be more mature and safe. The upgraded vehicle will also support Siri car control, and voice operation will be more convenient and faster.

  By April 30, 2024, LI had 481 retail centers nationwide, covering 144 cities; There are 361 after-sales maintenance centers and authorized car body panel spraying centers, covering 210 cities. LI has put into use 386 ideal overcharge stations in China, with 1,678 charging piles.


Extreme krypton

  Krypton delivered 16,089 units in April, up 99% year-on-year and 24% quarter-on-quarter, and up 111% year-on-year from January to April, reaching a record high. The details are as follows:

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  The MIX was unveiled at the Beijing Auto Show and will be launched in the second half of this year. As the fifth model of MIX, the car is built on the vast -M architecture, which continues the latest design language of MIX, equipped with STARGATE integrated intelligent light screen and adopts a new way to open the door.


Wei lai

  In April 2024, Weilai delivered 15,620 new cars, up 134.6% year-on-year and 31.6% quarter-on-quarter. Up to now, Weilai has delivered a total of 495,267 new cars.

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  It is worth noting that Weilai launched a "0 down payment" car purchase scheme in May, and "trade-in" can enjoy an exclusive subsidy of up to 20,000 yuan. In addition, in May, Weilai will welcome the 500,000 th production car off the assembly line.

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  On May 1st, Weilai launched 38 overcharged stations and 200 overcharged piles in Anhui in a single day, and the high-speed charging and replacing network in Anhui province has been opened. As of May 1st, there are 51 high-speed power exchange stations, 42 high-speed overcharging stations and 221 overcharging piles in the expressway service area of Anhui Province.


Zero run

  In April 2024, 15,005 zero-run cars were delivered, and the delivery of two SUV models C11 and C10 exceeded 10,000. The details are as follows:

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  At the 2024 Beijing Auto Show, the Zero Run C16 officially made its debut. The new car is positioned as a medium-sized SUV, which is positioned higher than the Zero Run C10. It will be the first zero run vehicle with 800V fast charging, and it will be listed and delivered in June 2024. C16 opened the reservation at this Beijing Auto Show, and within 24 hours, the order volume exceeded 11,950 units.


Tucki.

  In April 2024, Xpeng Motors delivered 9,393 new cars, up 33% year-on-year and 4% quarter-on-quarter. Among them, Tucki X9 delivered 1,959 units, and nearly 10,000 units were delivered in four months after listing. From January to April, 2024, Xpeng Motors delivered a total of 31,214 units, a year-on-year increase of 23%.

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  In April, the penetration rate of monthly active users of XNGP City Zhijia reached 82%. As of April 24, 2024, XNGP has fully covered 260 cities across the country, and the scope of Kaesong continues to expand. In April, Xpeng Motors successfully completed the high-speed NGP road test in Germany. On April 9th, Xpeng Motors announced its formal entry into the Hong Kong and Macao markets, bringing Xpeng Motors’s G9, X9, G6 and P7i models to consumers in Hong Kong and Macao.

  On April 17th, Xpeng Motors and audi ag signed a strategic cooperation framework agreement on electronic and electrical architecture technology. Based on the latest generation of electronic and electrical architecture in Xpeng Motors, the two parties will jointly develop and integrate it into Volkswagen’s CMP platform in China, which is expected to be applied to Volkswagen brand electric vehicles produced in China from 2026. At the auto china on April 25th, He Xiaopeng, Chairman and CEO of Xpeng Motors, announced the world premiere of AI Tianji system, which will be fully launched on May 20th, and the brand-new MONA will officially meet with consumers in June.


Nezha.

  Nezha Auto delivered 9,017 vehicles in April. Meanwhile, on April 22nd, Nezha L completed its listing, and started mass delivery in May. At present, the order has exceeded 15,000 units.

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  As a review, Nezha L has launched four versions with the price range of 129,900-159,900 yuan. The Nezha L extended-range version will be equipped with a 1.5L four-cylinder extended-range system, with a compression ratio of 14.9:1, a thermal efficiency of 40%, and a maximum power generation of more than 60kW, so it can use No.92 gasoline. The maximum power of the driving motor is 170kW and the peak torque is 310 N m.. The Nezha L Extended Range Model will use the Ferrous lithium phosphate flash charging core from Contemporary Amperex Technology Co., Limited, and the charging rate can reach 2.6C, which makes the charging time from 30% to 80% 19 minutes.

  Depending on the configuration, the battery pack capacity of the new car is 30kWh or 40kWh, which can provide CLTC pure battery life of 220km or 310km. The 0-100km/h acceleration time of 220 flash charging model is 7.3 seconds, and the fuel consumption is 4.85 L/100 km. Three models of 310 flash charging version, the acceleration time of 0-100km/h is 8.2 seconds, and the fuel consumption is 5L/100km.


○ Xiaomi automobile

  Xiaomi SU7 delivered 7,058 units in April. At the same time, the cumulative number of lock orders has reached 88,063. It is reported that Lei Jun said on his personal social media that Xiaomi Automobile is making every effort to expand production capacity and speed up delivery to ensure the completion of the task of delivering 100,000 units this year. The details are as follows:

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Xiaomi Auto Xiaomi SU7 2024 800km four-wheel drive with long battery life and high-order intelligent driving Max version.

Xiaomi Auto Xiaomi SU7 2024 800km four-wheel drive with long battery life and high-order intelligent driving Max version.

  It is reported that in 2024, Xiaomi SU7 will accelerate in delivery, service and OTA. The standard version and Pro version originally planned to be delivered at the end of April have been advanced to April 18th, and the Pro version will be delivered at the end of May, and the delivery is expected to exceed 10,000 units in June. In addition, Xiaomi Automobile plans to carry out the first OTA after the new car is released in May, such as online wireless CarPlay function, end-to-end parking service and other intelligent driving experiences. The second OTA will be held at the end of May, and version 1.2 will officially release the NOA function of cities, taking the lead in opening 10 cities including Beijing, Shanghai, Guangzhou, Shenzhen, Hangzhou, Suzhou, Nanjing, Chengdu, Xi ‘an and Wuhan, and will be opened nationwide in August.


Aouita.

  In April, 2024, Aouita delivered a total of 5,247 vehicles, a year-on-year increase of 226%. Aouita App will fully access Huawei’s liquid-cooled super-charging piles covering the whole country, providing one-stop charging service. In the future, Aouita models will be equipped with Gankun ADS 3.0 and a new generation of HarmonyOS cockpit, which will bring users a better intelligent experience.

Home of the car

Home of the car

Home of the car

"Aouita 15"

  Earlier, Yong Jun, vice president of Aouita Science and Technology, revealed that Aouita 15 and 16 will be released in the second half of the year, and Aouita 11 and 12 will launch extended-range models. Aouita 15 is an SUV, compared with Tesla Model Y, and Aouita 16 is a medium-sized coupe, compared with Tesla Model 3. Aouita 15 and 16 will be smaller and cheaper than 11 and 12. Aouita’s official account has previously revealed that in 2024, Aouita will launch four extended-range models, which should be Aouita 11, 12, 15 and 16, and there will also be pure electric models in 15 and 16.

Home of the car

"Aouita 15"

Home of the car

"Aouita 15"

  According to the latest spy photos, the design style of Aouita 15 is similar to that of Aouita 11, but its compartment doesn’t seem to adopt the spatial layout of separating the passenger compartment from the trunk like Aouita 11. For a smaller SUV, although it lacks a personality, it is more practical. The front of the car is expected to adopt a family-style design similar to Aouita 11, while the rear of the car is expected to adopt a new style.

Home of the car

"Aouita 15"

  It can be seen that the body design of the new car is full, the waistline is quite dynamic, and the roof is equipped with a panoramic canopy. The size of the rear window is not small, the view is obviously better than that of Aouita 11, and the size of the whole tailgate is not small. The interior of the new car is in line with Aouita 12, including a penetrating instrument panel and a suspended central control panel.


○ Lantiu

  In April 2024, Lantu Automobile delivered 4,003 vehicles, a year-on-year increase of 20%. From January to April, the cumulative sales volume reached 20,348 vehicles, a year-on-year increase of 126%.

Home of the car

Home of the car

  In addition, in April, Lantu Auto added five Lantu space stores and a full-featured user center covering six cities. By April, 2024, users had been charged more than 166 million kWh, and the carbon emissions from frying exceeded 52,000 tons.

  At present, Lantu has set up 271 Lantu spaces and user centers in China, 31 Lantu spaces overseas, and its sales service network covers 126 cities around the world.

● Full text summary:

  In April, the overall auto market boosted a lot, and the sales volume was red. It is expected that the good situation will continue until May, and more consumers will end the wait-and-see state. At the same time, it is expected that the price reduction promotion of car companies will be normalized. In April, we have seen many models upgrading their products in the name of launching new models, greatly lowering prices, and completing price reduction in disguise, and will maintain low prices for a long time. Mutual pricing will continue to be a hot topic this year. Once unattainable intelligent new energy vehicles will become more people-friendly. At the same time, new brands such as Weilai Ledao and Tucki MONA will be launched this year. Together with Xiaomi Automobile, there will be more cost-effective new energy vehicles in the second half of the year, and the market competition will be more intense. In the era of new energy, after the product is highly homogenized, the price of the coil will be inevitable at this stage, which is definitely good for consumers. (Text/car home Qin Chao)

The French Open Peugeot brand supports Roland Garros in Beijing

    On June 2, the "Roland Garros in Beijing" event hosted by the French Tennis Association and co-organized by the Chinese Tennis Association was grandly opened at the World Trade Center. The event aims to promote the French Open, which is being held in Paris, France, and allow more Chinese fans to experience the elegance and passion of Roland Garros on the clay court up close.

Peugeot supports Roland Garros

    "Roland Garros in Beijing" exhibition area

    The layout of the event site is ingenious. In addition to building an original clay venue, street lamps and benches with a strong French style are also set up to highlight the elegant style of France. At the same time, the organizers of the event have specially established an exclusive exhibition area for the three major sponsors of the French Open – Peugeot, Longines and Crocodile brands, to show the public the history and brand charm of the brand’s cooperation with Roland Garros. In the Peugeot exhibition area, some products that have been hand-in-hand with Roland Garros for a quarter of a century, including the Roland Garros version 508, which stands proudly. The styling design with a sense of power in elegance complements the elegance and passion of the French Open.

Peugeot supports Roland Garros

    Dongfeng Peugeot Deputy General Manager Legeville

    "Peugeot creates a high quality of life for consumers, just as Roland Garros brings wonders to the world," said Mr. Legeville, deputy general manager of Dongfeng Peugeot, at the opening ceremony. "We are very happy to extend the elegance and passion of Roland Garros to everyone’s lives, and hope that everyone can enjoy the joy of sports and a higher quality of life here and in the upcoming Dongfeng Peugeot’Big Lion Cup ‘Beijing Station."

Peugeot supports Roland Garros

    Peugeot’s cooperation with the French Open began in 1984. From providing them with championship and VIP special cars, launching no less than 10 limited edition Roland Garros models for the French Open, to creating "When Peugeot Meets Roland Garros" amateur tennis competitions around the world, it has always been committed to promoting tennis and conveying the concept of quality life. This year, the Peugeot brand not only brought the elegance and passion of Roland Garros to China for the first time, but also launched the Dongfeng Peugeot Roland Garros models (508, 408, 308) and launched the Dongfeng Peugeot "Big Lion Cup" amateur tennis grand prix nationwide. At the same time, the brand logo of "Dongfeng Peugeot" also appeared on the Roland Garros court in Paris with a Chinese logo, setting a precedent in the history of the four Grand Slam events.

    The event will last for 9 days. The French Tennis Association not only organizes exciting activities for the public such as tennis matches and tennis knowledge classes, but also audiences can watch the live French Open matches through the big screen. This year’s French Open is not only hot again for the cheering of Jinhua Li Na and Peng Shuai, but also made more lively by the gifts of the Peugeot brand to Chinese fans and car fans. Likewise, we also hope that the Peugeot and Dongfeng Peugeot brands will bring more surprises to the Chinese public in next year’s French Open season!

Lexus RX new energy price reduction information in Shanghai! 80,000 discount, no if you miss it

Welcome to the Autohome Shanghai promotion channel, bringing you the latest car market trends. At present, the much-watched car purchase promotion is launching an unmissable car purchase promotion in Shanghai. This luxury new energy SUV is attracting consumers with an attractive discount of up to 80,000 yuan, and the minimum selling price has been reduced to 469,000 yuan. To seize this rare car purchase opportunity, you may wish to click "Chatti Car Price" in the quotation form below to get a more competitive car purchase discount. This is not only a good time to buy a car, but also a great choice to experience the charm of Lexus New Energy.

上海地区雷克萨斯RX新能源降价信息!优惠8万,错过就没有

The exterior design of the Lexus RX New Energy continues Lexus’ usual luxury and sophistication. The front face features a family-style spindle grille, and the delicate chrome trim is combined with matrix LED headlights to create a unique sense of identity and technology. The overall body line is smooth, blending power and elegance, showing Lexus’s persistent pursuit of detail and aesthetics. Whether it is on the city street or in the natural scenery, it can become the focus of attention.

上海地区雷克萨斯RX新能源降价信息!优惠8万,错过就没有

Lexus RX New Energy shows its elegance and power with its exquisite side design. The body size is 4890mm x 1920mm x 1695mm, and the wheelbase reaches 2850mm, giving it a spacious interior space and excellent driving stability. In terms of tire specifications, the front and rear wheels are equipped with tires with specifications of 235/50 R21, which not only guarantees driving performance, but also presents its unique visual effect. The careful matching of tires and rims further enhances the vehicle’s sense of movement and luxury.

上海地区雷克萨斯RX新能源降价信息!优惠8万,错过就没有

The interior design of the Lexus RX New Energy fully reflects the fusion of luxury and technology. The exquisite leather steering wheel adopts an ergonomic design, which not only provides a comfortable grip, but also supports electric up and down + front and rear adjustment to ensure that the driver can find the best driving position in different driving scenarios. The 14-inch central control screen stands in the center of the cockpit, is clear and easy to operate, integrates multimedia systems, navigation and phone functions, and supports automatic speech recognition, which makes it convenient for users to control many functions of the vehicle through voice.

In terms of seats, the seats of Lexus RX New Energy are made of top leather to provide good ride comfort. The main and passenger seats are equipped with multi-directional adjustment functions such as front and rear adjustment, backrest adjustment, high and low adjustment and waist support, as well as heating and ventilation functions to ensure the best ride experience in different seasons. The driver and passenger seats are also equipped with electric seat memory function, which is convenient for different drivers to quickly adjust to personal habits. The rear seats support backrest adjustment and have a proportional reclining function to provide flexible space layout for passengers and luggage.

上海地区雷克萨斯RX新能源降价信息!优惠8万,错过就没有

Lexus RX New Energy is equipped with a 2.5L four-cylinder engine with a maximum power of 136 kilowatts, providing a stable and efficient power performance for the vehicle. The maximum torque of this engine is 228 Nm, and with the E-CVT continuously variable transmission, it ensures the ride and fuel economy of the vehicle during driving.

Summarizing the experience of the car owner, he particularly praised the pure electric acceleration performance of the Lexus RX new energy, believing that its power response is fast, giving the driver a pleasant handling experience. At the same time, he also agreed with the stylish atmosphere of the exterior design, which undoubtedly satisfied his pursuit of vehicle aesthetics. In addition, he also placed special emphasis on the sound insulation effect of the vehicle, creating a quiet interior environment for the driver and ensuring the comfort of the ride. Therefore, for those consumers seeking high performance and comfort, the Lexus RX new energy is undoubtedly a high-quality choice worth considering.

Jolin Tsai: Wish to marry a great husband within ten years (Photos)

Feature: Picture Channel






Jolin Tsai, file photo


  With exquisite curly hair, a brown skirt, and golden high heels, Jolin Tsai’s appearance is the same as her music, paying attention to visual stimulation. Although she didn’t say much, when interviewed by this reporter, Jolin Tsai not only faced the media’s questions about her music route, but also did not shy away from emotional issues. It was only by chance that she learned that the concert coincided with the Journalists’ Day in the mainland that she suddenly raised her voice nervously: "Then will you not come to my concert on vacation?" The reporter repeatedly said that she would go to the scene to see her perform, and she smiled. As she said, she cares most about the reaction of fans and her own performance, and what she said is true.


  The first decade: challenging yourself with "talent"


  In the blink of an eye, the "boy killer" of the year has been out for ten years. Jolin Tsai’s changeable image and gorgeous dance in MVs such as "Look at Me 72 Changes" and "Dancer" in recent years far exceed the pure impression of the original "I Know You’re Sad". Looking back ten years later, Jolin Tsai said that he "has become more and more bold in his performances, but there is only one determination to change, that is, to make himself better every year."


  At the "Unique Dance" concert, Jolin Tsai offered more magic weapons: ribbon dance, ring performance, and pole dance. The difficulty and danger of the movements exceeded that of ordinary artists, and the degree of struggle made many fans stunned. As a singer, when giving people a visual impression exceeds music, is it lucky or unfortunate? Jolin Tsai doesn’t seem to care. She believes that every singer has his own characteristics, and his strength is dance music. "Maybe many people will remember my style and dance, and ignore my musical improvement, but they think I have characteristics and will expect me, and I will stick to it."


  "I like the feeling of challenging myself and making myself stronger after setbacks. This industry requires you to learn things quickly. If you only have talent and no new knowledge and skills, your aura will soon be gone. So I’m not a genius but a’talent ‘. I try my best to discover myself and achieve something."


  The second decade: I hope to have a great husband


  Once upon a time, Jolin Tsai and Chairperson Zhou’s "double J love" was a sensation, and recently, there was news that she was blocked in nightclubs due to her relationship with Peng Yuyan. Speaking of feelings, Jolin Tsai couldn’t help but look up at the ceiling, "When you are in a relationship, you only hope that the two of you are happy together, but when you reach another stage of love, you hope to have a more stable state. I hope that in the next ten years, I can meet the right person, have a great husband and children, and love them well."


  In the past, Jolin Tsai had expected to get married at the age of 30, but now this time has been moved back. The boyfriend standard she offered was humor, knowing how to take care of girls, and "the most important thing is not to be too fussy." This last sentence emphasizes that it reminds people of Jay Chou who is empathetic. People say that the love is too deep, which is probably the case. You can not mention that person’s name, but it will definitely leave traces of that person.


  Rumor has it that Peng Yuyan gave up his relationship because of the resistance of his family and company, so will Jolin Tsai’s relationship take into account the opinions of others? Jolin Tsai generously said that the relationship in the entertainment industry will be affected to some extent, but it is the most important thing for two people to be happy, and he will respect each other’s ideas. "After all, I am a person who lives in front of the screen, and if the other party can withstand these pressures, he will be the most perfect object." Jolin Tsai confidently said that now he also sees these pressures, "If the two understand each other, they don’t need to care about other people’s thoughts."



























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The movie channel will broadcast Zhou Xingchi’s classic works for five consecutive days from November 20


1905 movie network feature His movie is worth revisiting.In his nearly 60 films, we are always laughed out loud by his "nonsense" at the beginning, but the ending makes us cry silently and fall into contemplation.


Every action, every line of dialogue, always allows us to see the microcosm of real life playfully.This week, the movie channel will be launchedStephen ChowMovie special, one a day for everyoneZhou XingChi’s comedy classic!


Before 1988, the young and energetic teenager Stephen Chow had been making circles in TV dramas and moviesThe Wind Catcher.Let him step into the big screen for the first time.In this movie, although Stephen Chow is a walk-on character, his acting skills are stunning enough for only five scenes.



Because of his outstanding performance in "Wind Catcher", a noble person – Li ******* quietly appeared.After being appreciated by Li *******, Stephen Chow won the movie"Pioneer Thunderbolt."Playing a slutty role inJianghuThe opportunity for a younger brother role.


There is no doubt that the role of car thief Wei Zai is also a small supporting role, but Chow Xingchi still plays very vigorously as always.


As a result, the second film played by Stephen Chow was nominated for the Best Supporting Actor Award at the 8th Hong Kong Film Awards, and began to shine in the Hong Kong film industry.But these early films did not fully reflect his unique personal style.


The appearance of the movie "A Comic to the End of the World" has given us a different look at Stephen Chow.The film not only removed Stephen Chow from his earlier role as a gangster, but also took his acting career to a new level.


A Xing, this simple and passionate character, allows us to see a brand-new Zhou Xingchi, whose nonsensical style begins to show in this movie.



Since then, Stephen Chow has been exploring on the "Nonsense" movie.In 1990, Stephen Chow’s brilliant career began, and he truly became the protagonist of a movie.


In the year when the gambling theme was all the rage, "Gambling Saint" inadvertently became the first Hong Kong movie to exceed 40 million Hong Kong dollars at the box office, and won the top ten best-selling films in Hong Kong in 1990, propelling Stephen Chow to the position of a superstar in one fell swoop.



In the same year, "Gambler" continued to write the legend of "Gambler", and the Hong Kong film industry has since added a "star".



In Stephen Chow’s "Nonsensical Head" films, the most prominent thing is the portrayal of small characters.Many of the characters he plays have the growth trajectories of being smashed to pieces and unable to form a human form, but they can be reborn in nirvana.


In the sad comedy movie "Wuzhuangyuan Su Qier" that Zhou Xingchi first starred in, which aired on November 23, the protagonist Su Can (Zhou Xingchi, played) was framed by villains when he was about to take the Wuzhuangyuan exam, and his meridians were interrupted, causing him to become a beggar.



Having enjoyed the monstrous wealth and tried the pains of the floating world, under such a life situation of ups and downs, Su Can did not give up and blame others, but accepted the challenge of fate calmly.


In the movie "Jiupin Sesame Official" broadcast on the 22nd, Bao Longxing, the small Jiupin county official played by Zhou Xingchi, is willing to do anything in order to be a clean official.


After being involved in the case of the Qi family, after several hesitations, Bao Longxing finally made a different choice from his father: adhere to integrity. Even if he was embarrassed and could not escape the execution, he did not give up his lifelong obsession with upholding justice.



In these movies, in addition to the hilarious nonsensical plot, there is more of a tragic color. Although these characters are in a mixed and muddy situation, they never stop struggling in life.


In 1994, Zhou Xingchi established Color Star Film Company. After having his own company, Zhou Xingchi began to try to transform and break through himself.


"There was a true love in front of me, but I didn’t cherish it. I don’t regret it until I lose it. The most painful thing in the world is this. If God could give me a chance to do it again, I would say three words to you – I love you. If I have to put a deadline on this love, I hope it is 10,000 years!"



This classic has touched the hearts of many people who are unable to love, those who never forget the white moonlight, those who forget each other in the rivers and lakes, those who have not cherished and treated well, and those who love and hate intertwined green years.



However, when the movie series "Journey to the West" was released, although it won many awards, the box office was dismal, until the popularity of "Journey to the West" in major universities and forums gradually reversed its reputation.


In the movies "Journey to the West: Moonlight Treasure Box" and "Journey to the West: Marrying the Great Sage" that aired on November 20 and 21, whether it is Sun Wukong, the stunning Zixia Fairy of Chow Xingchi who shuttles for love, Zhu Yin, or Wu Mengda’s unconventional Pigsy, Cai Shaofen’s majestic Iron Fan Princess, Mo Wenwei’s infatuated and single-minded Bai Jingjing…



Looking at the film again, these screen images can still evoke indelible memories in our hearts."Back then, I punched and kicked Nanshan Nursing HomeNorth SeaIn the kindergarten, everything under one meter fell down. I stomped my feet in the morgue and all stood up in disapproval. No one dared to breathe. "


Compared to other films, the movie "Kung Fu" is not as funny or tear-jerking, but this movie seems to be back to square one, fusing all the unfulfilled heroic dreams of the first half of his life.


Until today, I believe that many people will still think of "Kung Fu" when they see the colorful round wave board candy.



The movie "Yangtze River No. 7" is full of the figure of Stephen Chow’s childhood.In "Yangtze River No. 7," which aired on Movie Channel this Friday, Stephen Chow played the role of his father for the first time, which he had never played before.



"Although we are poor, we will neither steal nor rob. We will not take things that do not belong to us."



"Yangtze River No. 7" incorporates Zhou Xingchi’s own true childhood experiences and makes up for the lack of fatherly love.Although the movie is less funny, the inspirational light projected and the idealism he implied in the film are still moving.


Life is like a play, and play is like life.In Stephen Chow’s movies, we can always see hope in our sadness and give us comfort in life.



This week, the movie channel will bring you 5 classic works of Stephen Chow one day, and you will definitely be satisfied if you brush it again.


Takeaway bearish, preferred layoffs, stock price flash crash, Meituan is not beautiful?

Source: No. 1 Finance, Author: Chongshan

No. 1 said: The stock price has collapsed, can it still be eaten?

The restaurant laughed and Meituan cried. The reason is that Meituan-W (03690.HK) was "precision hit".

This is to start with the notice issued by the National Development and Reform Commission on February 18 "Several Policies for Promoting the Recovery and Development of Difficult Industries in the Service Sector". The document pointed out that the guidance of Internet platform companies such as takeout to further reduce the service fee standards of catering merchants means that the commission fees of "takeaway Internet companies" will further decline.

The largest representative of "takeaway Internet companies" is Meituan. According to the data of Prospective Research Institute, Meituan accounted for 67.3% of the total takeaway market in Q1 2021, which is 2.5 times that of the second Ele.me. According to Meituan’s Q3 2021 financial report, the revenue of takeaway business accounted for 54.24% of the total revenue, while the commission fee was 69% of the takeaway revenue.

On February 18, Meituan’s share price plunged, plunging 14.86% that day, and the market value evaporated 200 billion.

This is not the first time Meituan has been subject to policy supervision. On October 8, 2021, Meituan was fined 3.442 billion yuan by the State Administration of Municipal Supervision for implementing "two choices" measures for catering merchants over the past few years.

After the fine, the market fell to Meituan’s hanging heart, and all shouted that it was empty. Meituan’s share price has risen for two consecutive trading days since then, and hit a new high since July 26. Meituan’s 2021 Q3 financial report performance further stabilized the market’s heart, and its takeaway business revenue increased by 28% year-on-year to 26.50 billion yuan.

According to the 2021 Hurun China 500, Meituan ranks third among the top three domestic internet companies by market capitalization as the "biggest winner of the past year", while Alibaba and Tencent have plummeted in "value", fallen in the rankings, and were placed in the top two of the "biggest losers of the past year".

Meituan faces a dilemma

Meituan might have been stable without the "super bearish" on February 18. But Meituan’s long-standing "dilemma" has planted the seeds of its bearish situation.

One "difficult" situation is the thin profit margin of Meituan takeaway. In Q3 2021, the profit per order was only 0.2 yuan, and in the same period in 2020, it was 0.24 yuan.

In order to increase the profit of takeout, Meituan has continuously increased the commission rate (the proportion of commission that Meituan draws per takeout order) over the years. According to Meituan’s annual financial reports, its average commission rate for takeout has increased from 1.1% in 2015 to 12% in 2020.

Increasing the commission rate will naturally lead to conflicts with catering merchants. Meituan has always occupied about 60% of the takeaway market, and merchants have no other choice. They have to swallow it and keep reducing costs.

The epidemic in 2020 has exacerbated this contradiction. Under the epidemic, the catering industry has been hit hard and has to rely on takeout. Meituan’s high commission rate has been pointed out by the "Guangdong Catering Industry to Meituan Takeaway Joint Negotiation Letter" that "greatly exceeds the critical point that the majority of catering merchants endure". Catering associations in Sichuan, Chongqing, Shandong, Yunnan and other places have also publicly "shouted" Meituan and other platforms in the past two years to reduce the commission rate.

This puts Meituan in another "difficult" situation, that is, the pressure from the catering industry to reduce commissions.

Meituan has also expressed its position to adjust the commission system, but the profit margin of Meituan’s takeaway business is thin, so the adjustment cannot fully meet the demands of the catering industry.

For example, in May 2021, Meituan launched a rate transparency pilot, splitting the original platform service fee into two parts: technical service fee and fulfillment service fee, and "refining" the commission. But the new model did not reduce the commission rate of Meituan takeaway. In Q3 2021, the commission rate was still 11.78%, which was not much different from the average commission rate of 12% in 2020.

Epidemic has been on and off for 3 years. According to the Prospective Research Institute, 1 million catering companies closed down last year, and the hotel catering industry ranked first in the top ten shrinking industries. At this time, the National Development and Reform Commission, as a regulatory department, took action and asked the takeaway platform to reduce the commission rate. Although it hit Meituan accurately, it was also very reasonable.

(Source: Prospective Research Institute)

Which business can support Meituan?

With supervision, Meituan must really reduce the commission rate in the future. This will lead to a thinner takeaway business, and Meituan must find a new solution, that is, Meituan must have another business on top, replacing the takeaway business as Meituan’s new revenue pillar.

In this regard, Meituan’s idea has always been to use the drainage effect of takeaway business to develop new business. In terms of traffic, according to Meituan’s Q3 earnings report in 2021, as of Q3, the number of annual active users reached 668 million.

Meituan’s new businesses include Meituan Preferred, Fast Donkey, Meituan Flash Sale, Meituan Market, Meituan Preferred, etc. According to Meituan’s financial report, these new businesses have been developing slowly.

Specifically, fast donkey and Meituan flash sale has not yet developed, according to late Latepost, as early as August 2021, fast donkey, flash sale business has begun to shrink, Meituan began to focus on fresh food e-commerce business Meituan market and community group buying business Meituan preferred.

Meituan market currently uses the front warehouse model, but according to iiMedia consulting data, as of September 2021, its MAU users are only 2.58 million, less than 1/13 of the front warehouse model of Dingdong Maicai 34.71 million, and there is no influence in the market.

Meituan Preferred has become a new hope for Meituan’s new business. According to the statistics of the Financial Union, Meituan Preferred and Duoduo Shopping are located in the first echelon of the domestic community group buying platform industry, with a market share of about 30%. However, this is obtained by constantly burning money.

According to Meituan’s Q3 financial report in 2021, Meituan’s new business loss, which is mainly based on Meituan’s preference, reached 10.906 billion yuan, which is the highest single-quarter loss since Meituan entered the community group buying, an increase of 437.5% year-on-year; Moreover, in one year, Meituan has lost 36 billion yuan in this regard.

Not only is it losing money, but Meituan’s new business has always accounted for a small proportion of revenue. According to Meituan’s financial report, from Q3 2019 to Q3 2021, Meituan’s new business revenue accounted for only 7.24 percentage points in two years, reaching only 28.1%, unable to support the main beam alone. Meituan’s takeaway business has always accounted for more than 50% of revenue.

In fact, compared with the regulatory pressure on Meituan’s takeaway business, Meituan is under greater pressure.

Since 2020, Meituan and other large factories have participated in the "burning money" war of community group buying, and have been targeted by supervision. They have been criticized for "thinking about a few bundles of cabbage" and grabbing business with small merchants and hawkers. On December 22, 2020, the General Administration of Market Supervision put forward "nine no’s" for community group buying, mainly focusing on low-price dumping, big data killing, and commodity quality control.

On March 3, 2021, the General Administration of Market Supervision imposed administrative penalties on four community group buying enterprises, including Meituan Preferred. Two months later, on May 27, it separately fined Shihui Group 1.50 million yuan for low-price dumping and ordered it to suspend business for rectification. Since then, it has been reported that Shihui Group has laid off employees. According to a report in January by the Daily Economic News, Shihui Group is gradually shutting down grid warehouses and self-pickup stations across the country, or preparing to apply for bankruptcy liquidation.

Like the Ten Hui Group, on November 11, 2021, the official website of the Municipal Administration of Supervision also announced a separate punishment for Meituan Preferred, involving improper price behavior. On February 17, there was also news of Meituan Preferred’s layoffs.

Business model may be flawed

Meituan has long been known as the "king of losses" due to thin profits in the takeaway business.

In 2018, Meituan lost 115.50 billion, which caused a sensation in the catering industry at that time. In 2019, Meituan made a short-term profit, but not from the profits brought by takeout, but from investment income. In 2020, Meituan made a real profit, with a net profit of 4.71 billion yuan for the whole year, and the stock price reached a record high of 460 Hong Kong dollars in February 2021.

In 2021, Meituan began to lose money again in Q1. In the first three quarters of 2021, Meituan has accumulated losses of 18.197 billion yuan, an increase of 361.8% year-on-year, and once again became the "loss king".

In the current secondary market, the investment logic for listed Internet companies has changed. Previously, as long as the market size of Internet companies grew, even if they lost money, they were still recognized by the market. Today, the market also requires Internet companies to be profitable.

After the huge loss of community group buying business Meituan Preferred, Meituan has no new story. Recently, the story told to capital markets is only a strategic cooperation with Kuaishou. Kuaishou users can place orders through the Meituan Mini Program, which is still to expand Meituan’s takeaway business. At present, after the notice of the National Development and Reform Commission was issued, Kuaishou’s share price also fell by 4.86%.

From this perspective, Meituan’s share price is likely to decline in the future.

Meituan’s business model is actually flawed.

Looking at Meituan’s various businesses, whether it is takeaway, Meituan Preferred, Meituan Market, flash sale and other new businesses, although the service scenarios are different, they are all inseparable from Meituan delivery. Meituan delivery belongs to instant delivery in the same city.

Intra-city instant delivery, which provides logistics distribution between location A and location B within a city, is about maximizing efficiency. The market is huge, with a compound annual growth rate of 30.5% from 2020 to 2025, according to iResearch. However, companies in this industry are all losing money because instant delivery relies heavily on manpower, and labor costs continue to rise. SF Intra-city, an instant delivery company listed in 2021, will account for 96.6% of operating costs in 2020.

Meituan delivery is more efficient, but the labor cost is still high. According to Meituan’s public information, in 2020, riders’ expenses accounted for 83.1% of Meituan’s takeaway commission, compared with more than 90% before. For instant delivery companies such as Meituan, to some extent, they are working for riders.

Meituan has also tried every means to reduce the expenditure of riders. In May 2021, Wang Lin, deputy director of the Beijing Municipal Bureau of Human Resources and Social Security, bluntly stated that in order to reduce costs, the registered riders on the Meituan platform are not Meituan employees, but outsourced. This was later reported that Meituan riders were required to register as self-employed to avoid paying social security.

However, on July 26, 2021, seven departments including the General Administration of Market Supervision have clearly requested to protect the legitimate rights and interests of takeaway food delivery staff. Undoubtedly, Meituan’s rider spending will further increase.

To solve the flaw in Meituan’s business model, we can only rely on unmanned delivery.

As early as 2016, Meituan began to develop unmanned delivery technology. According to the research report of China International Capital Corporation, it is expected that by 2023, Meituan’s unmanned delivery cost will be controlled at about 2.9 yuan per order, while according to Meituan’s public information, in 2020, the rider delivery cost will be about 7.2 yuan per order.

(Meituan unmanned distribution development process, source: CICC)

At present, Meituan is increasing its research on unmanned delivery. In Q3 2021, Meituan’s R & D investment increased by about 60% to 4.70 billion yuan year-on-year. However, unmanned delivery faces not only technical problems, but also regulatory risks, such as the slow process of opening up the right of way in policy and the state’s supervision of data security.

All in all, Meituan takeaway is bearish, Meituan prefers huge losses and layoffs, Meituan’s share price has collapsed, and in the future, Wang Xing can still "eat"?

Geely Auto was accused of plagiarism behind the "great pressure"

"Investor Network" Ge Fanmei

On March 9, Geely Automobile (0175.HK) announced that the company has submitted an application to the Stock Exchange for the addition of RMB counters, in order to support the new Hong Kong dollar-RMB dual-counter model plan launched by the Stock Exchange. This means that Geely Automobile is expected to become the first batch of Hong Kong-listed companies to join the dual-counter model.

The announcement said Geely believed the dual-counter arrangement could provide investors with new trading currency options and potentially more liquidity. The HKD-RMB dual-counter model also allows bookmakers to provide liquidity to their RMB counters and narrow the price differential between their HKD and RMB counters.

In the capital markets, Geely Automobile’s "RMB Hong Kong stock" is about to be realized. In terms of business, the company has made a bad start this year. In late February, the company launched a new energy sub-brand "Geely Galaxy", and soon fell into the "plagiarism door".

For Geely Automobile, an old car company with a 25-year history of car manufacturing, in addition to the plagiarism scandal, its continued decline in performance and loneliness in the new energy field may be more embarrassing. Now, Geely Automobile has high hopes for "Geely Galaxy", can it help it achieve corner overtaking in the field of new energy vehicles?

Trapped in the "plagiarism door"

On February 23, Geely Automobile launched a new mid-to-high-end new energy series – "Geely Galaxy", and released the prototype of Geely Galaxy "Galaxy Light".

According to reports, the "Geely Galaxy" series will launch seven new models within two years, of which the Galaxy intelligent electric hybrid L series will launch four products, the first electric hybrid SUV Galaxy L7 and the first electric hybrid car Galaxy L6 will be delivered in the second and third quarters of this year respectively; Galaxy intelligent pure electric E series will launch three products, of which the first pure electric product E8 will be delivered in the fourth quarter of this year.

However, less than a week later, "Geely Galaxy" ushered in plagiarism doubts. On February 28, a lawyer’s letter sent by Chongqing Baijun Law Firm, the law firm entrusted by Changan Automobile, pointed out that the prototype of Geely Galaxy’s "Galaxy Light" has a lot of similarities with Changan Automobile’s concept car and mass-produced models. It is suspected that a large number of copies of the appearance of Changan Automobile’s released models have seriously infringed the relevant intellectual property rights of Changan Automobile.

According to the comparison chart circulated on the Internet, the outside world pointed out that the original model of Geely Galaxy and Changan Automobile Deep Blue SL03, UNI-V and other models have similarities in the front face, headlights and tail shape. According to the data, the Deep Blue SL03 was launched in July 2022, priced between 17-200,000 yuan, providing pure electric version, extended range version and hydrogen electric version. As of the end of February this year, the cumulative delivery volume reached 37,328 vehicles.

(Image source: Sina Weibo)

In response to the plagiarism rumors, Geely Automobile directly denounced the above-mentioned lawyer’s letter as "seriously untrue and groundless, misleading the public, and causing serious damage to our brand and goodwill." According to a statement released by Geely Automobile on February 28, Geely Galaxy Light is an original design of Geely, and there is no plagiarism and infringement of others’ intellectual property rights.

(Image source: Geely Automobile official Weibo)

It is worth mentioning that Chen Zheng, vice president of design of Geely Automobile Group, joined Geely in March 2022 after working for Changan Automobile for 20 years and served as the global design director of Changan Automobile Group.

However, Geely Automobile has already applied for the Galaxy series trademark. Qichacha shows that Geely Automobile applied for the registration of the "Galaxy Light" trademark on March 2, which is internationally classified as a means of transportation, and the current trademark status is "under registration application". Previously, Geely has also applied for "Geely Galaxy", "Jizhi Galaxy", "Haoqing Galaxy" and other Galaxy series trademarks.

(Source: Qichacha)

New energy vehicle "underachiever"?

Lin Jie, vice president of Geely Automobile Group, once said that the sales goal of each product of the Galaxy series is to become the top three in the market segment, and the joint geometry brand will cover 65% of the future new energy vehicle market.

In fact, Geely Automobile has already made big claims about its new energy layout, but the reality is not as good as it wants. As early as November 2015, Geely Automobile announced the implementation of a five-year development strategy called "Blue Geely Action", with the goal of "reaching 90% of new energy vehicle sales by 2020."

However, by 2020, Geely Automobile’s annual sales of new energy vehicles 68,000, down 39.7% year-on-year, accounting for only 5.2%. In 2021, Geely Automobile’s new energy vehicles were delivered 61,000, down 10% year-on-year, and still failed to achieve the new energy sales target. Geely Automobile, which is brave in the fuel vehicle market competition, has frequently lost in the new energy battlefield.

In fact, from the perspective of peer companies, it is not difficult to find that Geely Automobile’s layout in new energy vehicles is relatively late. When NIO, Li Auto, and XPeng Motors were launched in the United States in September 2018, July 2020, and August 2020 after four, five, and six years of establishment respectively, Geely Automobile really began to make big moves in the field of new energy vehicles.

Geely Automobile established Geometry Automobile in April 2019, positioning it as a new brand of mid-to-high-end pure electric vehicles, but the development of Geometry Automobile was not smooth in the first two years. Data show that in 2019 and 2020, the annual sales of Geometry Automobile remained at about 10,000 vehicles. In order to occupy a place in the field of new energy vehicles, Geely Automobile and its parent company established the new energy brand of Extreme Krypton Automobile in March 2021.

Entering 2022, the new energy vehicles under Geely Automobile began to exert force. According to Geely Automobile data, the cumulative sales of pure electric vehicles under Geely Automobile in 2022 were 262,000, an increase of 328% year-on-year, and 66,000 plug-in hybrid vehicles, an increase of 219% year-on-year. Although it is far higher than the industry’s 90% year-on-year growth rate, it is still unable to compare with the giants Tesla and BYD in scale. In 2022, BYD’s cumulative sales were 1.8635 million, an increase of 208.64% year-on-year. Among them, the sales of pure electric vehicles exceeded 910,000; while Tesla’s annual sales were 1.31 million, and about 440,000 in China.

As a traditional automaker with independent core technologies, Geely Automobile has followed in the footsteps of BYD’s transformation from traditional automakers to new energy vehicles.

Data show that BYD’s annual sales in 2018 were 520,000, only one-third of Geely Automobile’s total sales, but BYD’s new energy vehicle sales accounted for 47.5% at this time. Since March 2022, BYD has stopped the production of fuel vehicles, becoming the first car company in the world to officially announce the suspension of fuel vehicles. Until February this year, Geely Automobile’s new energy vehicles accounted for 21.4%, and fuel vehicles are still the company’s main sales force.

In January 2023, BYD sold 151,341 units, an increase of 62.44% year-on-year. During the same period, while BYD’s sales were growing, Geely Automobile’s sales fell sharply, achieving sales of 103,452 units, a decrease of about 29% year-on-year. Regarding the decline in sales, Geely Automobile explained that it was "mainly affected by the early Spring Festival holiday."

The performance is "under great pressure"

In 2022, Geely Automobile’s total sales volume was 1.43 million, an increase of about 8% year-on-year. Among them, the cumulative sales volume of new energy throughout the year was 328,727, and new energy accounted for about 23%.

In fact, compared with Geely Automobile’s previous sales target of 1.53 million vehicles in 2022, the company has not met the target. This is already the fifth consecutive year that Geely Automobile has not met the sales target. However, for 2023, Geely Automobile sets the sales target at 1.65 million vehicles, of which the sales target of new energy vehicles is more than 100% higher than the total sales achieved in 2022.

The continuous improvement of sales targets may be to ensure the full implementation of the "Smart Geely 2025" strategy. The strategy was proposed by Geely Automobile in 2021 and announced that the total sales target of 2025 cars is 3.65 million, of which 650,000 are Krypton cars and 3 million are Geely cars.

Extreme Krypton, a well-known new energy vehicle brand under Geely Automobile, sold only 71,900 vehicles in 2022. Since its establishment in March 2021, Extreme Krypton’s capital movements have been frequent. When the Pre-A round of strategic financing was completed in August 2021, the post-money valuation was about 9 billion US dollars, and the recent completion of 750 million US dollars financing, the post-money valuation was 13 billion US dollars, about 89.80 billion yuan; Geely Automobile is planning to spin off Extreme Krypton. Compared with the new car-making forces NIO, Xiaopeng, Ideal, and Zero Run, which have sold more than 100,000 cars in 2022, as of March 10, the valuation of the corresponding four companies is 102.40 billion yuan, 59.80 billion yuan, 154.90 billion yuan, 27 billion yuan; It is not difficult to see that the valuation of polar krypton is higher.

For new car manufacturers, profitability is still a problem. Extreme Krypton Auto’s net losses in 2021 and the first half of 2022 reached 1.01 billion yuan and 759 million yuan respectively. In just one and a half years, Extreme Krypton has lost up to 1.769 billion yuan.

Geely Automobile’s continued losses and huge demand for capital may also put pressure on Geely Automobile. Geely Automobile disclosed that in the first half of 2022, Geely Automobile’s gross profit margin fell by 2.6 percentage points year-on-year to 14.6%, and the sharp decline in net profit was mainly due to the negative impact of the increase in raw material costs and the increase in the proportion of new energy vehicles.

In recent years, Geely Automobile’s net profit decline has become a trend. Wind data shows that from 2019 to 2021, the company’s net profit was 8.19 billion yuan, 5.534 billion yuan and 4.847 billion yuan, respectively, down 34.76%, 32.43% and 12.4% year-on-year; in the first half of 2022, Geely Automobile’s net profit further decreased by 34.81% year-on-year, to 1.552 billion yuan.

In terms of profitability, Geely Automobile’s gross profit margin in 2018 fell from 20.2% to 14.6% in the first half of 2022, but the expense ratio rose from 7.8% in 2018 to 13.7% in the first half of 2022, and the expense ratio continued to rise. In comparison, BYD’s gross profit margin in the first half of 2022 was 13.51% and the expense ratio was 8.58%. During the same period, Geely Automobile’s gross profit margin was slightly higher than BYD, but the expense ratio was much higher than BYD.

At the same time, Geely Automobile’s inventory is high. As of the end of June 2022, Geely Automobile’s inventory was 7.567 billion yuan, a significant increase from 5.522 billion yuan at the end of 2021. In the inventory, the inventory of manufactured goods increased sharply from 2.94 billion yuan at the end of 2021 to 4.063 billion yuan at the end of June 2022. How to remove inventory also tests Geely Automobile’s management ability. (Produced by Thinking Finance) ■

37,000 the order volume of Hengchi 5? "Beautiful, so beautiful"!

Hengchi Automobile officially announced the order of Hengchi 5 at the "First 720 Hengchi Festival". As of 18:23 on July 20, the order of Hengchi 5 had reached 37,180 units. It simply confirmed the words of Boss Xu: "Beautiful, so beautiful"!

Hengchi New Energy Vehicle Group President Liu Yongzhuo said in an interview recently that since the pre-sale conference on July 6, the market response of this car has exceeded expectations, and confidently believes that: Hengchi 5 big sale has become a foregone conclusion! On July 6, the day of the announcement of the pre-sale price of 179,000 yuan, the conference introduced various rich configurations including three screens, etc., and the host called Hengchi 5 the best pure electric SUV within 300,000 yuan.

In addition, Hengda mobilized almost all the available forces and allocated them to major regions and subdivided them into each project. The specific sales assessment indicators will be determined according to the number of community owners. Even grass-roots employees have 2 indicators per person, and deputy managers have 4 indicators above; in addition to employees, the community housekeeper of the property also assists the owner to complete the task of downloading and registering the Hengchi APP. Xu Jiayin personally supervised the formation to ensure that Hengchi 5 could open the market in the early stage.

Hengchi 5 is positioned as a compact pure electric SUV. The new car CLTC has a comprehensive cruising range of 602km. The car can be returned and refunded within 15 days after pickup, and the 60% discount will be repurchased within three years after pickup. The deposit for the first 10,000 cars is 10,000 yuan to 20,000 yuan. What kind of clues are there behind such a beautiful operation?

First of all, the car purchase payment is paid to the special account supervision of Tianjin Jinbin Notary Office. This is the first time I have seen it in the automotive field. Of course, everyone knows the problem of Evergrande’s capital chain. If a large amount of money is injected into the corporate account, it is likely to be wasted.

In addition, Hengchi had previously found agencies or industry media to place a large number of advertisements, but many of the settlement fees had not yet been received. When he went to Hengchi Automobile’s public relations, he found that people had already left the tea cold. Unless they went to Guangzhou to file a lawsuit, the media would have to suffer a loss.

The most important thing for Hengchi at the moment is to build the car. After all, everyone has long learned about Hengda’s credit. From the number of days to the delay in delivery, the masses really don’t want to listen to fake news anymore. If the car can be delivered smoothly, it is indeed a good development for Hengchi. Unlike buying a house, if the deposit is paid first, the deposit cannot be returned at most, and the related losses cannot be compared with buying a house. But now, it is not easy for everyone to make money, and if it cannot be delivered in the end, the losses will be not small. At that time, the cost of all aspects required to protect their rights will be enough to drink a pot.

So whether it is beautiful or not, time will give us the answer. Please wait and see.

The price is 894,900 yuan, and Volvo’s new XC90 T8 model is on the market.

  A few days ago, Netcom learned from the official that Volvo’s new XC90 T8 model was launched at a price of 894,900 yuan. The new car is mainly adjusted for the power battery. The new XC90 T8 model is equipped with a brand-new power battery and rear axle motor drive system, with a comprehensive maximum output of 335 kW and a pure electric cruising range of 59 km. It is worth mentioning that Volvo’s new XC90 T8 model can also start the "single pedal" mode.

Netcom automobile

  

car make and model Price (ten thousand yuan) RECHARGE T8 four-wheel drive Zhizun Deluxe Edition 89.49 Watchmaking: Netcom Internet Info Agency

 

Netcom automobile

  In terms of appearance, Volvo’s new XC90 T8 model continues the current model design. The chrome-plated air intake grille with large concave front face is very imposing, and the active follow-up LED headlights with adaptive high beams on both sides of the front are very recognizable. In addition, it is equipped with a brand-new front enclosure component, and the blackened air inlet is decorated with silver decorative strips, which is full of movement.

Netcom automobile

Netcom automobile

  The side shape of the new car is full, and the chrome trim strips at the window frame and side skirt are matched with large-size multi-spoke wheels to further enhance the fashion sense of the car. In the rear part, Volvo’s new XC90 T8 model is equipped with a rear spoiler, which is highly recognizable with the iconic vertical LED taillights. In addition, the car is equipped with the exclusive badge of "T8 RECHARGE" at the tail, which shows its identity as a plug-in hybrid model.

Netcom automobile

  In the interior part, Volvo’s new XC90 T8 model is covered with a large area of leather material, which is very textured as a whole. In addition, the new car is also equipped with a 12.3-inch LCD instrument, which is full of technology with a 9-inch touch control screen. It is worth mentioning that the car also has a Bowers &Wilkins hall-class sound system and front seats that support heating, ventilation and massage functions.

Netcom automobile

  In the power part, the new XC90 T8 model adopts brand-new power battery and rear axle motor drive system. Among them, the battery capacity of the car is 18.8 kWh, and the pure electric cruising range is 59 kilometers; The motor power is 107 kW, the torque is 309 Nm, the comprehensive power is 335 kW, and the peak torque is 709 Nm.

  (Photo/Text Netcom Zhang Xiaoyi)

BYD Qin PLUS DM-i Champion Edition was officially launched, with a price of 99,800 yuan.

    A few days ago, BYD Qin PLUS DM-i 2023 Champion Edition was officially launched. The new car has launched five models: 55KM leading model, 55KM surpassing model, 120KM leading model, 120KM surpassing model and 120KM excellent model. The official guide prices are 99,800 yuan, 115,800 yuan, 125,800 yuan, 135,800 yuan and 145,800 yuan respectively. Among them, the 55KM leading model makes the price of BYD DM-i model drop to less than 100 thousand yuan for the first time. As an annual redesigned model, the new car is mainly optimized and upgraded in terms of interior and configuration, and the selection of exterior and interior color matching is increased.

    In terms of appearance, the front face design is concise and capable, and the large-size hexagonal air intake grille is decorated with many short chrome-plated bars inside, which has a strong visual effect. Penetrating chrome-plated decorative strips connect LED split headlights on both sides, which lengthens the visual width of the front face. The word "Qin" in the center of the decorative strip indicates the identity of the new car. At the same time, the combination of the heavily pressed front and the four three-dimensional lines on the engine compartment cover creates a diving visual effect, which is quite sporty. In the aspect of appearance color matching, black jade blue color matching is added, which not only has the calm atmosphere of ink color, but also has the bright luster of jade.

    In terms of body size, the length, width and height of the new car are 4765x1837x1495mm and the wheelbase is 2718mm, which is consistent with the 2022 model and is positioned as a compact car with four doors and five seats. The side lines of the car body are smooth, the windows are decorated with chrome trim strips, and the exclusive chrome nameplate is added at the front fender.

    In terms of interior, the warm sun brown interior color matching is added, and the warm color interior makes the visual experience inside the car more warm and harmonious. The standard sports seat in the car adopts a brand-new punching process to improve the heat dissipation of the seat, and the electric adjustment of the co-driver seat and the heating function of the front seat are added to enhance the comfort when riding.

    The newly equipped DiLink4.0(4G) intelligent networking system in the car has faster voice response and more beautiful visual effects. The number of speakers has been upgraded from 6/8. Except for the 55KM leading model, the other models come standard with karaoke function.

    The central control display screen of 120KM superior and 120KM superior models has been upgraded from 10.1 inches to 12.8 inches. The car also comes standard with 8.8-inch LCD instrument panel, engine electronic anti-theft, front armrest, GPS navigation system, navigation road information display, Bluetooth/car phone, voice recognition control system and other configurations.

    In terms of power, Qin PLUS DM-i 2023 Champion Edition is equipped with a DM-i hybrid system. The maximum power of the engine is 80kW, and the peak torque is 135 N m. It is matched with a permanent magnet/synchronous front single motor, and the transmission is matched with an E-CVT continuously variable gearbox. According to different configurations, NEDC pure electric cruising range can be selected from 55 km and 120 km.