标签： 杭州桑拿网

"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) ■

　　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.

　　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.

　　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.

　　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.

　　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)

　　Recently, the China Machinery Industry Federation released the operation of the machinery industry in the first half of 2019, in which the data of the automobile industry showed that the growth rate of total profit turned from positive to negative, and it showed negative growth for the first time in more than a decade. In the second quarter, the utilization rate of automobile manufacturing capacity was 76.2%, down 2.1 percentage points from the first quarter. The National Bureau of Statistics’ "National Industrial Capacity Utilization Rate" data shows that the capacity utilization rate of China’s automobile manufacturing industry was 77.2% in the first half of 2019, down 3.8% year-on-year.

　　Compared with the normal range of capacity utilization rate of 79% ~ 83%, the figure of 77.2% means that China’s automobile capacity utilization rate has fallen below the "safety line". However, as the signs of recovery in China’s automobile market are still not obvious and the market is weak, the sales data in July showed that the new energy automobile market, which has been growing at a high speed, experienced negative growth for the first time, so the situation of idle production capacity may continue to deteriorate. How to find a way out for excess capacity has become a top priority for many auto companies.

　　The production capacity of car companies exceeds 60 million.

　　In fact, the word overcapacity has been in parallel with the rapid development of China’s automobile industry. As early as 2006, the State Council clearly pointed out that the automobile industry was overcapacity. The National Development and Reform Commission also issued documents to control new vehicle projects and appropriately improve investment access conditions, aiming at curbing overcapacity. At that time, the annual sales volume of China cars was 7.2 million.

　　However, with the irrational growth of China’s automobiles, many automobile companies have long forgotten the overcapacity in the face of double-digit annual growth. 10 million vehicles, 20 million vehicles … … The huge increase in automobile production and sales has made many automobile companies see the great potential of the China market, and they are overly optimistic about the market expectations. Many automobile companies have started to invest blindly and continue to expand their production capacity reserves. The news that "the fourth factory of XX automobile enterprise is officially put into production" and "the foundation laying ceremony of the fifth factory of XX automobile enterprise is officially held" is constantly seen in newspapers. According to the report "Capacity of China Automobile Industry at the End of 2015", by the end of 2015, China’s automobile production capacity was 31.22 million. Among them, during the period from 2011 to 2015, China’s new automobile production capacity increased by 10.87 million vehicles; By 2016-2017, the new production capacity will be about 6 million vehicles. At present, China’s automobile production capacity is still in the stage of continuous expansion. While auto companies are still investing and building factories for the rapid growth of the market and think that the auto market will climb further, China’s auto market suffered the first decline in sales in 2018, and began to continue to slump. The problem of overcapacity in the auto manufacturing industry, which has not attracted enough attention, has finally been exposed.

　　In 2018, the planned annual production capacity of China’s automobile industry has exceeded 60 million vehicles, among which the announced production capacity of new energy vehicles will exceed 20 million vehicles by 2020, which is 10 times the sales target of the Medium and Long-term Development Plan for Automobile Industry. According to the data released by China Association of Automobile Manufacturers, the annual automobile output in 2018 is only 27.809 million, and the growth rate of production capacity reserve is far greater than the growth of market demand, so it is inevitable that a large amount of production capacity will be idle.

　　The capacity utilization rate of many car companies is less than half.

　　Although the capacity utilization rate of China’s automobile manufacturing industry in the first half of 2019 given by the National Bureau of Statistics is 77.2%, in fact, the capacity utilization rate of many automobile companies has already been lower than this figure. In the automobile industry research report released some time ago, Guosen Securities pointed out that in 2018, the capacity utilization rate of Geely Automobile, FAW Group, Chery Automobile, BYD Automobile, Jianghuai Automobile, Dongfeng yueda Kia, Changan Ford and Haima Automobile did not reach 70%. According to foreign media reports, in the first half of 2019, the capacity utilization rate of Ford’s factory in China was only 11%; The capacity utilization rate of the joint venture between Peugeot Citroen Group and Changan Automobile is only 1%, and that of the joint venture with Dongfeng Motor is only 22%.

　　According to public information, Changan Ford has five vehicle factories in Chongqing, Harbin and Hangzhou, with a total production capacity of about 1.6 million vehicles. After Ford’s sales in China reached its peak level three years ago, it sold a total of 957,000 new cars in 2016, and then continued to decline. In 2018, the output was 387,000, and the capacity utilization rate was 24.2%. In the first half of 2019, Changan Ford sold a total of 75,000 new cars, a year-on-year decrease of 67%.

　　Another hardest hit area with idle production capacity is French car companies. Founded in 1992, Dongfeng and PSA each hold 50% of the shares. It owns two brands, Dongfeng Peugeot and Dongfeng Citroen, and four production bases, among which the first, second and third factories of Shenlong are located in Wuhan, and the fourth factory is located in Chengdu. The data shows that the production capacity of the first three factories is 300,000, 150,000 and 300,000 respectively, and the total production capacity of the four factories is 990,000. According to the production and sales data released by the Federation, in the first half of 2019, Shenlong Automobile produced a total of 64,000 vehicles, down 61.6% year-on-year. Changan Peugeot Citroen has produced only 107 vehicles, down 96.9% year-on-year, while its first-phase factory has a production capacity of 200,000 vehicles. Serious idle production capacity has attracted the attention of PSA Group executives. Previously, in the second quarter earnings conference call, Philippede Rovira, the global chief financial officer of PSA Group, said that PSA Group would solve the problem of idle capacity of Shenlong Automobile by renting factory facilities.

　　The overcapacity problem of Renault, another legal brand, in China is also very prominent. The total production capacity of Renault Wuhan plant is 150,000 vehicles, and only 48,000 vehicles were produced in 2018, with a capacity utilization rate of 31.9%. In the first quarter of this year, Dongfeng Renault’s capacity utilization rate was only 15.2%, with 5,700 vehicles produced and 5,800 sold.

　　The situation of Korean car companies is equally bad. Since entering the China market in 2002, Hyundai Motor has quickly won the favor of the market by relying on the advantages of high cost performance in joint venture brands, and in 2013— In 2016, the annual sales volume exceeded one million. However, the sales of Hyundai Motor in China plummeted because it didn’t follow the changes of consumers’ tastes and launch products that kept pace with the market demand. In 2018, Hyundai Motor’s sales in China dropped to 790,000 vehicles, only half of the total production capacity of 1.65 million vehicles in China. Among them, Hyundai Motor Chongqing No.5 Factory was completed in 2017, and the operating rate has been very low. According to BusinessKorea, Hyundai Motor is preparing to transform its Chongqing factory into an electric vehicle factory to revive its declining business in China.

　　The situation of the same brother Dongfeng yueda Kia is similar. According to the 2018 annual report, Dongfeng yueda Kia has three factories in Yancheng headquarters, with a total production capacity of 890,000 passenger cars per year. Based on the sales volume of 370,000 vehicles of Dongfeng yueda Kia in 2018, its capacity utilization rate is less than half.

　　Japanese car companies have insufficient production capacity and are still expanding.

　　Although the overall capacity of China’s automobile industry is overcapacity, the capacity utilization rate of some automobile enterprises is not only higher than the safety line of 80%, but even the capacity is insufficient. According to the data released by Bernstein, a research consultancy, at present, the capacity utilization rate of Daimler and BMW joint ventures in China has exceeded 90%. The capacity utilization rate of GM’s joint venture in China is 88%. Volkswagen’s joint ventures in China have also exceeded 80%. The capacity utilization rate of the joint venture between Honda and Toyota in China even exceeds 100%. Relevant persons of Dongfeng Honda even revealed in an interview with the media that the capacity utilization rate of this enterprise is close to 140%.

　　Due to a serious shortage of production capacity, Toyota is still starting a new factory. At present, Toyota’s two joint ventures in China, FAW Toyota and GAC Toyota, have eight factories in Changchun, Chengdu, Tianjin and Guangzhou. The total production capacity of FAW Toyota’s three factories and five factories is 622,000 vehicles, and the total production capacity of GAC Toyota’s three factories is 480,000 vehicles. FAW Toyota sold more than 720,000 vehicles in 2018, with a target of 745,000 vehicles in 2019, and GAC Toyota sold 580,000 vehicles in 2018. 720,000 vehicles plus 580,000 vehicles, which shows that Toyota’s eight factories in China have been working overtime and overloaded in 2018, and the capacity utilization rate has exceeded 100%.

　　In 2019, Toyota’s sales target in China was 1.6 million vehicles, up 8.4% year-on-year, and the target in 2020 was 2 million vehicles. Toyota’s production capacity in China is only 1.1 million vehicles, compared with 2 million vehicles, there is still a gap of nearly 900,000 vehicles. Therefore, at the off-line ceremony of the brand-new TNGA Asian Dragon on March 22nd, FAW Toyota announced the completion of a new TNGA plant, and simultaneously started the new plant capacity increase project. According to the relevant EIA report, FAW Toyota has started to increase the capacity of 240,000 new energy vehicles, including 120,000 in Tianjin Xinyi Plant and 120,000 in Changchun Fengyue Plant. The 12-million-yuan expansion of GAC Toyota’s third plant has also been officially launched. At the same time, the fourth factory with a total investment of 4.988 billion yuan and an annual production capacity of 200,000 new energy vehicles is carrying out preliminary work, which is expected to be the production base of new energy vehicles exported by Toyota to Asia in the future.

　　Where is the way out for idle capacity?

　　A few car companies urgently need to expand production capacity, but most car companies still need to deal with idle production capacity. For some car companies, how to digest excess capacity has become a major event related to the survival of enterprises.

　　For example, Shenlong automobile, which has been in the vortex of various rumors recently. Since 2015, the sales of Shenlong Automobile have been falling. 705,000 vehicles, 600,200 vehicles, 377,500 vehicles and 253,400 vehicles. The number in the first half of this year was 63,000 vehicles, down 60.05% year-on-year. The decline in sales volume is undoubtedly accompanied by the idleness of production capacity and manpower. How to solve this problem? There are rumors that Dongfeng Motor wants to sell its PSA shares. After clarification by both parties, it is reported that Dongfeng Motor and PSA Group will lay off employees and sell the factory … …

　　In addition to unconfirmed news, it is certain that many auto companies have taken action early in order to transform idle capacity. Dongfeng yueda Kia temporarily closed an automobile manufacturing plant in Yancheng, Jiangsu Province, and plans to start producing electric vehicles in the plant by the first half of 2021.

　　Compared with closure and suspension, changing production is a relatively good choice. Since last year, BAIC Group has adjusted its industrial structure, product structure and industrial chain, and transferred the Beijing branch of BAIC to Beijing Benz, becoming the third factory of Beijing Benz, and turning it into the production base of Mercedes-Benz high-end new energy vehicles in the future.

　　Some companies have chosen to work for the new car-making forces. For example, Jianghuai OEM Weilai, Haima OEM Tucki, Changan Suzuki OEM Luchi Automobile, Dongfeng yueda Kia OEM Chinese Express & HELIP; … Although the OEM model has been controversial, after the cooperation between the two parties, traditional car companies can effectively revitalize idle production capacity, and new car-making forces can also save the construction cycle and quickly reach mass production.

　　In addition to OEM, it is also a good idea for traditional car companies to warm up with new car-making forces and set up joint ventures. For example, Guangzhou Automobile Group will set up a joint venture with Weilai Automobile, and Tianjin faw xiali will set up a joint venture with Bojun Automobile. For the new car-making forces, they can obtain the qualification of new energy production and sales, at the same time, save the cost and cycle of investment and factory construction, rely on the manufacturing advantages of traditional car companies, and create brand-new products through joint development (the best cooperation state) to achieve the purpose of reducing costs and increasing efficiency. For traditional car companies, idle production capacity can be reused. Bundling the brand promotion of new forces to build cars can also enhance their brand influence. So far, the two sides have achieved win-win cooperation.

　　Expert opinion

　　Is OEM the best way to solve idle capacity?

　　Compared with stopping production, closing factories or selling land, OEM for new car-making forces has become a good choice for many enterprises with serious overcapacity.

　　However, many professionals believe that OEM is only one of the transition strategies. "The loss of fixed assets can’t stop, and OEM earns points." Whether it is a traditional car company or a new force to build a car, OEM is not a long-term solution. " An insider of an independent brand said.

　　Recently, it is reported that the draft management measures for OEM have been drawn up, which requires R&D investment, production capacity and sales volume as restrictive conditions, and the threshold for OEM and OEM car companies has been greatly improved. For example, in the past three years, the domestic R&D investment has reached at least 4 billion yuan; In the past two years, the sales volume of pure electric passenger cars worldwide has reached at least 15,000; The OEM contract must be signed for 3 years or more, and the annual production capacity of the OEM in the same place should reach at least 50,000 vehicles; Enterprises need to have paid-in capital of billions of RMB; At most, it can only be contracted by two car companies.

　　"The OEM model is more like a transitional means. Because with the growth of output and sales, it is essential to build a factory and have independent research and development and production strength. This is also conducive to solving possible production technical problems and improving production efficiency. " Cui Dongshu, secretary general of the National Passenger Car Market Information Association, said.

　　This view has also been confirmed by Shen Hui, chairman of Weimar Automobile. Shen Hui believes that the cold winter of the automobile and capital markets has not dissipated, and capital will be more concentrated in the head enterprises that have achieved batch delivery. "Generally speaking, high-quality production capacity will not be idle, and idle production capacity will not be of high quality. Therefore, encouraging the coexistence of various production modes such as OEM is also an important lever for utilizing and upgrading idle and backward production capacity." However, Weimar chose a self-built factory with higher cost and greater difficulty instead of OEM because it attached importance to product quality and quality. "The self-built factory can control the quality and quality on the basis, and can continuously upgrade and improve, and at the same time realize C2M customized production."

　　Simply speaking, C2M customized production is to make products meet the individual needs of consumers. Zhu Weihua, secretary-general of the Information Service Committee of China Automobile Industry Association, said frankly: "The overcapacity of automobiles needs C2M rescue."

　　Zhu Weihua believes that at present, all kinds of personalized customization are pseudo-customization in nature, and car owners have only a limited number of choices in the end. Car companies are still selling by production in essence, but they only produce more configuration varieties and give users more choices. It is impossible to talk about the user placing an order and then producing it. As a result, car owners give up their personalized choice, and car companies waste their costs on spare parts inventory and dealer inventory, and there is no incentive to optimize production and manufacturing costs.

　　Judging from the grim situation of the current automobile market, it is possible for car sellers to satisfy the needs of a small number of users only by working very hard to please users. If users are not given more choices, it is impossible to sell a large number of cars. The larger the car companies, the more they need C2M, and then consider the differences between car networking and electric car service packages, and consider the personalized marketing of these personalized services.

　　In addition to starting with products, many people in the industry also suggest that enterprises should integrate and hold a group to keep warm. Dong Yang, the first vice chairman of the International Automobile Manufacturers Association, once said that the lack of cooperation is an important shortcoming among China brand enterprises. If we can get better development without joining forces in the past, then in the current market environment, it is even more important for China car companies to strengthen cooperation and learn from each other’s strong points for mutual benefit and win-win results.

　　Giving full play to the synergistic effect and establishing alliance relations are the forms to cope with the increasingly severe competition in the market. Last year, FAW, Dongfeng and Changan took the lead in establishing strategic cooperation in four areas: forward-looking common technological innovation, automobile full value chain operation, expanding overseas markets and exploring new business models. In addition, traditional car companies, internet companies, travel service companies and new car-making enterprises have begun to cooperate hand in hand in various fields. The cooperation with new power enterprises has also gradually expanded from the earliest OEM production to in-depth cooperation in research and development, procurement and sales.

　　When the downward trend of the automobile market encounters industrial transformation and upgrading, there will be a large number of car companies whose operating conditions are worrying. Zhu Huarong, president of Changan Automobile, once said that in the next 3-5 years, the shutdown and transfer of car companies will no longer be information. Most automobile enterprises will be eliminated. Faced with the uncertainty and complexity of the market, it is necessary for car companies to integrate and develop before, between new forces and traditional car companies to achieve a win-win situation.

　　Text/reporter Li Dongying

Citizens read books in a 24-hour bookstore. Intern Peng Hua, reporter Yang Taoshe

　　In November 2014, Zall Bookstore launched a 24-hour business mechanism of "culture does not close", waiting for people to read books every cold or hot night. At that time, Zall was the first 24-hour bookstore in Wuhan. In recent years, the 24-hour bookstore in Wuhan has added Jiuqiu Library and Boshihui City Study, enriching the cultural nightlife in Wuhan.

　　24-hour bookstore is a night reader.

　　Provide a quiet place for reading

　　"There will be many interesting things happening at night." Luna is the manager of Jiuqiu Library, which is located in Dongsan Road, Fruit Lake, Wuchang District. It opened on January 25, 2016 and has been open since then.

　　On the 18th, she told reporters that the biggest feeling of working at night shift is to find that there are really many people who love learning. There used to be an old man who rode an old bicycle every night and went back around 6: 00 in the morning. He studied English here all night. There are often some students from Wu Da University here, and he will ask them for advice. A girl from Wu Da University specially prepares study materials for this grandfather, and she will put them here the next day for the clerk to hand over to him.

　　On the 18th, a young girl was watching a video with headphones, and there was a book full of notes in front of her. The post-90s girl who was preparing for the exam as a certified public accountant usually came over after work and talked about her views on this 24-hour bookstore. The girl said, "People who stay up late need this kind of store very much."

　　Unattended libraries can "brush their faces" to borrow books

　　On July 12th this year, the 24-hour city study room on the first floor of Boshihui International Plaza in Jiang ‘an District opened to welcome guests, which is located near Sanyang Road subway station. There is no librarian in the museum, and citizens can enter the museum at any time, "brush their faces", and apply for certificates and borrow books by themselves. This is the first unattended intelligent library in Wuhan. Since opening up, it has become a popular punching point for citizens.

　　On the 18th, the reporter visited this intelligent library. At about 9 pm that day, a floor-to-ceiling transparent glass study room on the left side of the lobby on the first floor of the building was lit with yellowish light. There is a face recognition access control system at the door. When you enter the library for the first time, you need to swipe your ID card. There is a self-service borrowing and returning card machine in the tube, which can handle the reader’s ID card and complete face registration and WeChat binding. Later, you can enter the library without a card, and you can "brush your face" to borrow and return books by yourself.

　　Ms. Mei, who passed by here at night, picked out five books, put them in the sensing place, and the machine began to recognize faces. In less than 10 seconds, the screen showed that five books were successfully borrowed at the same time. The mobile phone also received a message from WeChat prompting the successful borrowing. "Very convenient." Ms. Mei said that after the library opened, she would come here every other week or so, and if she had time, she would read here for a while.

　　24-hour bookstore enriches the function of city night

　　In recent years, wuhan nightlife has become increasingly diversified. In addition to consumption and entertainment at night, the opening of 24-hour bookstores and other cultural places has provided people with new choices and enriched the city’s night functions.

　　At about 10 pm on the 17th, Mr. Deng, who lives near Zall Bookstore, wanted to go to the movies, but when he passed by the bookstore, he saw the lights on in the store and chose to go into the bookstore. "Watching movies is more of a social need. It will be better to go with friends, and it will be more enjoyable to read when you are alone." In 2013, Zall Bookstore opened in Wuhan and noticed that many readers had no time during the day and could only come at night. In 2014, Zall Bookstore started the 24-hour business mechanism of "culture does not close" and became the first 24-hour bookstore in Wuhan.

　　On the 17th, when talking about the original intention of Zall Bookstore’s 24-hour opening, Ms. Gao, the manager, told the reporter that the 24-hour bookstore provided a choice and place for those who only had time to quiet down and study at night. 24-hour bookstore will not bring much benefit, but it is a functional existence, and there will always be people who need it, which is a useful supplement to the cultural construction of the city.

　　Feng Guilin, a researcher at Hubei Academy of Social Sciences, believes that the more convenient the cultural facilities are for the public, the more diverse the forms and contents, and the more diverse the needs of various groups. This is not only a promotion for a city’s function, but also a guide, which can better improve citizens’ civilization quality.

　　Trainee reporter Li Huizi