On August 31, the reporter learned from the Provincial Information Center that the Henan credit information sharing platform has realized data networking with more than 40 industries such as safety production, environmental protection and taxation, and monitored the status of credit subjects through online big data visualization analysis, realizing "every batch must be checked" and "everything must be checked".

Henan credit information sharing platform is one of the important contents of building a pilot province of social credit system and big data integration development in Henan. After the platform is networked, all departments and units can reward and punish credit subjects through online inquiry in the near future and system docking in the long term when using the platform to carry out administrative work. For example, when the transportation department handles the examination and approval of the business license, the staff members log on to the Henan credit information sharing platform and enter key information such as the name of the legal person of the transportation company, the unified social credit code, the organization code, etc., so as to inquire whether the parties belong to the object of rewards and punishments. For the parties who belong to the object of rewards and punishments, the platform will automatically list the types and times of red and black lists and the corresponding list of reward and punishment measures.

Before the end of this year, the data of Henan credit information sharing platform will be embedded in the "online" service process, which will be integrated with the data of Henan government service network to realize the whole process of joint rewards and punishments, such as automatic warning, automatic retrieval, automatic trigger, automatic implementation and automatic feedback. In other words, if a faithless person breaks his promise once, the result will be automatic restriction everywhere.

In accordance with the requirements for the construction of a pilot province integrating the national social credit system and big data, Henan should become an important information big data gathering and sharing center and development and application center in China, and take the lead in sketching out a multidimensional credit "genetic map" for five categories of subjects including government, enterprises, individuals, institutions and social organizations. The relevant person in charge of the Credit Department of the Provincial Development and Reform Commission said that in the future, personal credit will become the second "identity card", and trustworthy people can enjoy the benefits of renting a car and staying in a hotel without paying a deposit, while untrustworthy people may even have difficulty going out to take a taxi and shopping in a supermarket. (Reporter Luan Shan)

Gree Electric (000651) is gradually reducing its shares in listed companies recently.

In October this year, Wentai Technology (600745) announced the shareholding reduction plan of shareholder Gree Electric; In November, Haili Co., Ltd. (600619) disclosed the change of shareholder Gree Electric’s shareholding in the announcement. During the period from October to November, it has sold more than 40 million shares of Haili, and the cash amount is estimated to be more than 600 million yuan.

With the stable profit and abundant cash flow brought by household appliances, Gree Electric has made continuous foreign investment in the past few years, including not only Yinlong, which has attracted much attention, but also a number of A-share listed companies, and has quietly formed a huge investment map with a total market value of over 10 billion yuan.

But this year, Gree Electric’s "buy buy Buy" has slowed down and turned to reduce its shares in listed companies. What are the reasons behind it?

Reduce the shares of the two companies

At the beginning of November, Haili became a hot A-share stock, and its share price rose by more than 280% in just two months. As the second largest tradable shareholder of Haili, Gree Electric reduced his holdings in batches.

According to the announcement, Gree Electric reduced its holdings of Haili shares by 43,046,600 shares from October 10th to November 8th this year, accounting for 4.01% of the total share capital.

According to the third quarterly report of Haili in 2024, as of the end of the quarter, Gree Electric held 90,223,200 shares of Haili, accounting for 8.41% of the total share capital; Gree Electric’s Hong Kong Gree Electric Sales Co., Ltd. (hereinafter referred to as "Hong Kong Gree") holds 6,490,600 shares, accounting for 0.60% of the total share capital. Gree Electric and his concerted action Hongkong Gree hold a total of 96,713,800 shares, accounting for 9.01% of the total share capital.

After this round of reduction, Gree Electric and his concerted actions still hold 53,667,150 shares of Haili, accounting for 4.999993% of the total share capital, and they are no longer shareholders holding more than 5% of the shares of Haili.

From the operational point of view, the first wave of Gree Electric’s reduction period was from October 10th to November 5th, and the share price of Haili shares fluctuated upward, rising from early 10 yuan to near 14 yuan. During this period, the average price of reduction was about 10.44 yuan, so it is estimated that the amount of Gree Electric’s reduction was about 112 million yuan.

The second wave of Gree Electric’s reduction occurred on November 6th, when the word "T" of Haili shares was at the daily limit for most of the day. On this day, Gree Electric sold 25,551,600 shares, with an average price of 15.38 yuan, and the cash amount was about 393 million yuan.

The third wave of Gree Electric’s reduction was from November 7th to November 8th. On these two days, the share price of Haili shares continued to go up and down, with an average price of 16.59 yuan. The estimated cash amount of 6,763,700 shares sold by Gree Electric was about 112 million yuan. According to this calculation, Gree Electric’s accumulated cash in this round of reduction of Haili shares is more than 600 million yuan.

For this round of reduction, Gree Electric only briefly stated that this change in equity is a transaction according to his own business arrangement, and the company has no clear plan, agreement or arrangement to increase or decrease its equity in listed companies in the next 12 months.

In early October, Gree Electric also announced its plan to reduce its holdings of Wentai Technology. It is planned to reduce its holdings of Wentai Technology by means of centralized bidding, not exceeding 12,428,100 shares, not exceeding 1% of its total share capital. Prior to this reduction, Gree Electric and his concerted action Zhuhai Ronglin held 116 million shares of Wentai Technology, accounting for 9.33% of the company’s total share capital.

At present, Wentai Technology has not announced the progress of Gree Electric’s reduction. Since Gree Electric announced the plan to reduce its holdings, the share price of Wentai Technology has continued to fluctuate upward, with an increase of more than 20%.

Billion A-share investment map

With its leading position in the domestic air-conditioning industry, Gree Electric has achieved good performance growth in the past ten years, and also brought abundant cash flow. In 2017, Gree Electric’s book monetary funds approached 100 billion yuan, and it has been maintained at a scale of more than 100 billion yuan since then. It is from this moment that Gree Electric gradually increased its investment layout in the A-share market.

In September 2017, Gree Electric listed Haili shares in the secondary market for the first time, and listed for the second time in July 2018. By the end of the third quarter of 2018, Gree Electric and his concerted action Hongkong Gree held a total of 96.7138 million shares of Haili, accounting for 9.01% of its total share capital.

At the end of 2018, Gree Electric contributed 3 billion yuan to help Wentai Technology acquire Anshi Group by increasing its capital in Hefei Zhongwen Jintai and Zhuhai Ronglin, thus becoming an important shareholder of Wentai Technology. Gree Electric and his concerted action in Zhuhai Ronglin acquired 116 million shares of Wentai Technology, accounting for 9.33% of its total share capital.

In 2019, Sanan Optoelectronic (600703) launched a fixed increase plan of 7 billion yuan, and Gree Electric suddenly appeared on the subscription list, with a subscription amount of 2 billion yuan. In 2020, the increase of Sanan Optoelectronics was successfully implemented, and Gree Electric obtained 115 million shares of Sanan Optoelectronics.

In 2021, Gree Electric planned to enter the main shield environment. In 2022 and 2023, he acquired 410 million shares of shield environment at a total cost of 3 billion yuan, accounting for 38.78% of the latter’s total share capital. This is also the first time that Gree Electric has controlled a-share listed company.

Judging from the shareholding situation at the end of the third quarter of 2024, Gree Electric (including concerted action) held 96.7138 million shares of Haili, 116 million shares of Wentai Technology, 115 million shares of Sanan Optoelectronics and 410 million shares of Dunan Environment respectively. Based on the stock price at that time, the total market value of Gree Electric’s shareholding in these four listed companies was about 10.9 billion yuan. In fact, the share prices of these four listed companies rose to varying degrees during October and November.

In addition to the investment of A-share companies, the acquisition of Yinlong is also an important investment of Gree Electric. In August, 2021, Gree Electric won 30.47% equity of Yinlong at a total price of 1.828 billion yuan by participating in the public auction of judicial auction. Combined with the entrustment of Dong Mingzhu’s personal voting rights in 17.46% equity of Yinlong, he completed the holding of Yinlong and later renamed it Gree Titanium.

In December 2023, Gree Electric announced that it had acquired 24.54% of the shares held by the existing shareholders of Gree Titanium at a price of about 1.015 billion yuan. After the transfer, Gree Electric directly held 55.01% of the shares of Gree Titanium and controlled 72.47% of the voting rights.

Diversification through investment

From the time line, 2017 is the starting point for Gree Electric to build the A-share investment map. The Securities Times reporter noted that this year was also an important watershed in Gree Electric’s performance growth.

In 2017, Gree Electric’s net profit historically exceeded 20 billion yuan, reaching 22.400 billion yuan. From 2011 to 2017, Gree Electric’s net profit increased from 5.237 billion yuan to 22.400 billion yuan, an increase of 328%.

Since 2017, the growth rate of Gree Electric’s net profit has continued to slow down. By 2023, the company’s net profit has not exceeded 30 billion yuan. From 2017 to 2023, Gree Electric’s net profit increased from 22.400 billion yuan to 29.017 billion yuan, an increase of only 29.54%.

The slowdown in Gree Electric’s performance growth is largely due to the saturation of the core product air conditioning market, which Dong Mingzhu has long recognized. At the second China Manufacturing Summit held in July 2016, Dong Mingzhu publicly shouted the slogan of "diversification". She said: "Gree will continue to take the air-conditioning industry as the pillar, vigorously develop new energy, household appliances, industrial products, precision molds, mobile phones, smart equipment and other emerging industries, and transform Gree from a simple household appliance manufacturing enterprise to a precision manufacturing enterprise to achieve diversified and steady development."

Since then, foreign investment has also been regarded by Gree Electric as an important means of diversification.

Among them, Haili Co., Ltd. is one of the upstream compressor suppliers in Gree Electric. As for the reason why Haili shares were listed twice, Gree Electric responded at that time that it aimed to expand the industrial chain structure and integrate high-quality industrial resources, and build an international enterprise with a more complete industrial chain by taking advantage of talents, information and innovation in Shanghai’s international status.

Dong Mingzhu also said in an interview at that time: "Haili has a long-term cooperative relationship with us, and we are Haili’s biggest customer. We don’t have to hold it, but we can participate. For this reason, we have become shareholders of Haili, and we can communicate better technically. We hope to make Haili bigger and become a world-class compressor factory, not to fight for control. We don’t rely on stock appreciation to make money, but hope to make Haili better. "

Wentai Technology and Sanan Optoelectronics are both related to semiconductors. Gree Electric previously announced that investing in Wentai Technology will help the company to increase cooperation with Wentai Technology in communication terminals, Internet of Things, intelligent hardware and other businesses. With the help of Wentai Technology’s 5G R&D capability, the company will strategically lay out the 5G industrial chain, rely on the company’s leading advantages in the air conditioning field, seize the huge business opportunities of smart home and Internet of Things under the 5G platform, shape the core competitiveness under the new situation, and realize the "diversified" steady and coordinated development in the fields of smart home, smart equipment and communication equipment.

Regarding the strategic shareholding in Sanan Optoelectronics, Gree Electric said that it will help the company’s central air conditioning, intelligent equipment, precision molds, photovoltaic and energy storage sectors to enter the semiconductor manufacturing industry, and at the same time, through cooperative research and development with Sanan Optoelectronics in the semiconductor field, it will help to further enhance the company’s technology accumulation in related fields.

Regarding the holding environment of Dunan, Dong Mingzhu personally responded at the 2021 annual general meeting of shareholders: "Gree rarely made mergers and acquisitions in the past, but as you can see, we recently acquired Dunan (Environment). This company is our long-term partner, providing us with accessories. When they were in the most difficult time, we couldn’t watch it collapse, so we lent a helping hand. We believe that this is to save others and a breakthrough for us, because our control over the industrial chain is more complete. "

Why turn?

Compared with a few years ago, Gree Electric’s investment layout turned to be cautious in 2024, and basically stopped the action of foreign investment in shares, and began to sell its shares of listed companies in the secondary market after entering the fourth quarter. Why did Gree Electric shrink its investment territory at this time?

"Previously, Gree Electric had outstanding business performance and sufficient cash reserves. In order to better manage cash and establish a strategic layout conducive to Gree’s long-term development, it made some equity investments. However, as Gree Electric’s demand for liquidity increases, the effect of some strategic cooperation is not as good as expected, so the action of reducing its holdings is made. " Shen Meng, director of chansons Capital, said in an interview with a reporter from Securities Times E Company.

The reporter noted that the third quarterly report of 2024 recently disclosed by Gree Electric is a good observation window. In the first three quarters of this year, Gree Electric achieved operating income of 146.722 billion yuan, down 5.34% year-on-year; The net profit was 21.961 billion yuan, a year-on-year increase of 9.30%. Among them, the operating income in the third quarter was 46.939 billion yuan, a year-on-year decrease of 15.84%; The net profit was 7.825 billion yuan, a year-on-year increase of 5.47%.

Gree Electric’s abundant cash flow used to be a solid guarantee for large-scale foreign investment, but in the first three quarters of this year, Gree Electric’s net operating cash flow was 12.712 billion yuan, a decrease of 67.89% compared with 39.596 billion yuan in the same period last year. The third quarterly report explained that the decline in the data was mainly due to the decline in cash received from the sale of goods and the provision of services.

Book monetary funds are also an important observation index. At the end of June, 2023, Gree Electric’s book monetary fund reached a new record of 191.654 billion yuan, and at the end of September, 2024, Gree Electric’s book monetary fund dropped to 111.397 billion yuan.

Kuang Yuqing, the founder of lens consulting, said in an interview with the reporter of Securities Times E Company that it is also a common phenomenon for large enterprises to shrink their investment map in the current environment. "These giant enterprises, including Tencent, are shrinking their capital and controlling investment risks, which is also the common influence brought by the overall external environment."

"Another important factor is that Gree Electric introduced Gao Xuan, the largest shareholder, during the mixed reform, and Gao Xuan also took on a large leverage when he became a shareholder. This also means that shareholders may put higher pressure on the performance growth of listed companies. In the case of relatively large pressure on the short-term main business, it is not excluded that the company will support its performance by realizing some investment projects with good returns. " Kuang Yuqing said.

In addition to the reasons for the profit reduction, the Securities Times reporter also noted that the strategic cooperation between Gree Electric and the invested enterprises may also be an influencing factor.

In 2017, 1.074 billion yuan of compressor purchases in Gree Electric came from Haili; In 2018, Gree Electric listed Haili shares for the second time, and the business cooperation between the two parties reached its peak. In that year, Haili shares sold products to Gree Electric for 3.028 billion yuan, accounting for about 26% of its total revenue.

From 2019 to 2023, the sales of Haili shares to Gree Electric were 2.678 billion yuan, 1.810 billion yuan, 2.311 billion yuan, 1.581 billion yuan and 1.093 billion yuan, respectively, and the overall sales continued to decline.

Although Dong Mingzhu has publicly stated that he "hopes to make Haili bigger", Gree Electric’s purchase from Haili shares has been declining since then. In the same period, the operating performance of Haili shares also showed a downward trend. In 2022, the net profit decreased by 89.02% year-on-year, and in 2023, the net profit decreased by 13.94% year-on-year. In the market’s view, the space for strategic cooperation between the two sides has become smaller and smaller, and the strategic goal of Gree Electric’s original shareholding may be difficult to achieve, so it is reasonable to reduce its shareholding.

Editor: Li Dan

Proofreading: Yao Yuan

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Dawn News Network-Dawn News On the morning of September 16, the activity of "Seeking Truth from the Crowd-Public Welfare Treasures" was held in the Municipal Museum. Li Guangning, former vice president of China Ancient Ceramics Research Association, and Wang Gang, former deputy stationmaster of Anhui Cultural Relics Appraisal Station, and other famous domestic cultural relics appraisal experts were invited by the host city museum to appraise the collection of folk cultural relics such as calligraphy and painting, jade, ceramics, bronzes and miscellaneous items for the public free of charge.

At the "Jianbao" site, citizens displayed their collections in order of appointment, and experts gave objective appraisal opinions on their materials, ages and techniques, and patiently answered questions for Tibetan friends. After expert appraisal, many folk collections with collection value were found, such as master calligraphy and painting, pottery in Song Dynasty, jadeite jade and so on. However, there are also some citizens whose collections are only handicrafts or fakes. Experts suggest that collectors need to strengthen their professional knowledge, accumulate experience and exercise their eyesight. The citizens who participated in the event said that the expert "Jianbao" had a good guiding role for folk collections, not only had a deeper understanding of the collections, but also learned professional knowledge.

It is understood that the "Jianbao" activity of the day was the identification of public welfare cultural relics. Experts only identified the authenticity and age of cultural relics, and were not responsible for the evaluation of cultural relics prices; The appraisal results are told orally on the spot, and no written conclusion of cultural relics appraisal is issued, which does not involve the identification of ownership of cultural relics and the use of auction, pledge, sale, gift and inheritance. The relevant person in charge of the Municipal Museum said that he hopes to publicize and carry forward China’s excellent traditional culture through experts’ free treasure collection, meet the needs of folk cultural relics identification, actively guide and standardize the collection of folk cultural relics, and raise the awareness of the whole people to participate in cultural relics protection.(Reporter Xu Lei)

Auto Show: The joint version of Warrior 917 will be unveiled.

Before the opening of auto china in 2024, we photographed the joint-name version of Warrior 917 (Picture | Configuration | Inquiry) which will be exhibited soon. The new car has added personalized decoration and outdoor equipment, and will be unveiled in auto china in 2024. For reference, the current Warrior 917 is available in extended range and pure electric models, with the guide prices of 637,700 yuan and 697,700 yuan respectively.

On the eve of the Beijing Auto Show, the shooting team in front captured the real car figure of the Warrior 917 joint version. This special edition model has added personalized decoration and outdoor equipment, and will be officially unveiled during the exhibition. Auto Show: The joint version of Warrior 917 will be unveiled, and the current Warrior 917 offers two options: extended range version and pure electric version.

In terms of design, the joint version of Warrior 917 wraps the car body with blue and black color matching personalized decoration, and outdoor facilities such as side curtains and top curtains are added to the roof, and the combination of 20-inch rims and red brake calipers is reserved. The car has a size of 4987/2080/1935 mm and a wheelbase of 2950 mm, and adopts a five-seat layout. Auto Show: The joint version of Warrior 917 will be unveiled.

The configuration in the car is based on the current model. The Warrior 917 is equipped with a 12.3-inch floating instrument, a 15.6-inch central control screen and a 12.3-inch passenger display screen. Safety and comfort functions include active braking, night vision system, L2 driver assistance, air suspension, front and rear differential locks, active steering system, and heating, ventilation and massage for the second row of seats. Auto Show: The joint version of Warrior 917 will be unveiled.

In terms of power system, Warrior 917 provides two power schemes: extended range version and pure electric version. The extended-range version is equipped with a 1.5T range extender with a maximum power of 145kW. With the three-motor system, the total motor power reaches 600kW, and the CLTC pure electric cruising range is 200km. The pure electric version is equipped with a four-motor system, the total power is increased to 800 kilowatts, and the CLTC pure electric cruising range can reach 505 kilometers.

Auto Show: The joint version of Warrior 917 will be unveiled.

In order to further enhance the consumption atmosphere and stimulate consumption potential, the 4th Shanghai "May 5th Shopping Festival" was officially opened recently. SAIC Audi actively responded to the call and participated in the "2023 Shanghai Auto Carnival" with all its models – Audi A7L, Audi Q5 e-tron, and Audi Q6. In order to allow more consumers to further experience the charm of future high-end travel, SAIC Audi brought a series of limited-time exclusive activities to give back consumers’ expectations for the brand.

As the first flagship model launched by the brand, SAIC Audi A7L is positioned as a C +-class performance luxury car, inheriting the mechanical gene of the Audi brand, and perfectly combining sharp beauty with leading technology. In response to consumer demand, the Audi A7L Darth Vader model recently returned and participated in this car carnival at the same time as the new Shadow Vader model. The limited price of 500 cars starts from 448,700 yuan. SAIC Audi understands the needs of young people, and the A7L Samurai family will provide a more attractive experience for consumers with unique personality and curiosity.

In addition, SAIC Audi weighed up the ante car purchase benefits this time, bringing a limited number of 400 A7L Dream New Models, priced from 386,700 yuan. As an entry-level model of SAIC Audi A7L family, Dream New Edition has rich configurations, such as high definition matrix LED headlights, through-type LED jumping tail lights, frameless doors, and smart electric tailgate sets, creating a classic luxury style of the Audi brand.

The 2023 Audi Q5 e-tron has been officially launched recently. It has evolved again in terms of appearance design and intelligent technology. The significantly upgraded configuration gives the model a higher sense of value. At the same time, the Audi Q5 e-tron family has welcomed a new member – the 40 e-tron sparkling model, standard with L2 + level intelligent driver assistance system, and also innovatively added emergency driving auxiliary features, providing Chinese consumers with a new choice of luxury pure electric SUV at a price of 298,500 yuan.

Inheriting Audi’s classic design language and carefully crafted with traditional Chinese mythological images, SAIC Audi’s first "hard and powerful luxury full-size SUV" Audi Q6 is luxurious and shiny. It is based on insights into the diverse car use scenarios of Chinese consumer groups that SAIC Audi also brings a limited number of 300 "upgrade rights" to users who buy Audi Q6.

In addition, in order to make high-end travel life more accessible, SAIC Audi provided a limited number of 50 vehicles for all three models in May to enjoy 3 years of 0 interest financial credit rights, and a limited number of 100 vehicles before May 10 to enjoy optional packages, multiple surprises emerge in an endless stream, helping users buy cars without worry.

It is understood that SAIC Audi implements a national unified price, and consumers can log in to the official SAIC Audi APP to complete the complete vehicle configuration selection and vehicle booking process online. Offline stores at all levels also provide customers with product consultation, test drives and other services, and users can go to SAIC Audi stores to experience the diverse charm of models.

To refresh the car purchase experience, car service, and then broaden the new consumption scene, SAIC Audi always adheres to the concept of "user first" to present solutions for high-end travel life in the Chinese market. In this two-month "Shanghai Auto Carnival", SAIC Audi will take multiple measures to make consumers feel at ease, at ease, and at ease.

Welcome to Autohome Quanzhou Promotions Channel, we have exciting news for you! Currently, high-profile models are giving back to consumers in Quanzhou market with practical actions, offering attractive discounts of up to 30,000. The starting price of this hardcore SUV has been adjusted to an attractive 209,800 yuan. If you are interested in Beijing BJ60, don’t miss this car buying opportunity. Click "Chatti Car Price" in the quotation form to act now and seize this rare offer to make your car buying dream come true faster.

The exterior design of the Beijing BJ60 shows the charm of hardcore off-road. Its front face adopts a family-style design, and with a large chrome grille, it gives the vehicle a solid and vertical visual effect. The lines of the intake grille are rough, which complements the tough contour of the front of the car. The overall style is a fusion of classic and modern, which not only retains the hardcore genes of off-road vehicles, but also incorporates fashion elements, presenting a unique aesthetic charm. The body lines are smooth and tough, fully demonstrating the extraordinary aura of the BJ60.

The Beijing BJ60 has a solid body profile with its delicate side lines. The length, width and height of this model are 5040mm*1955mm*1925mm, and the wheelbase reaches 2820mm, reflecting the spacious interior space. The front wheelbase is 1620mm and the rear wheelbase is 1640mm, ensuring the stability and handling of the vehicle. It is equipped with 265/65 R18 tires, and paired with the rim style that harmonizes with the body design, creating a side visual effect that coexists with a sense of modernity and power.

The interior design of the Beijing BJ60 focuses on practicality and comfort. It uses a delicate leather steering wheel to provide a good grip and touch, and supports manual up, down, and front and rear adjustments to adapt to the driver’s needs. The 12.8-inch central control screen stands in the center of the cockpit, with a clear display and easy operation. It integrates an automatic speech recognition control system, which is convenient for the driver to perform various operations during driving. As for the seats, the main and passenger seats are made of imitation leather. The main seat has functions such as front and rear, backrest, high and low adjustment (4 directions), and leg rest and waist support (4 directions), providing a full range of comfort. The driver’s seat is also equipped with additional heating, ventilation and massage functions, as well as a power seat memory function to ensure the comfort of long-distance driving. The second row of seats supports backrest adjustment, while the rear seats support proportional reclining to accommodate different load needs. The overall interior design takes into account functionality and luxury, creating a warm and practical interior environment for passengers.

The Beijing BJ60 is equipped with a fully powered 2.0T engine, with a maximum power of 120 kW, a peak torque of 400 Nm, and an output power of 163 horsepower. It is matched with an efficient and stable 8-speed automatic transmission, providing drivers with smooth power output and driving pleasure.

Overall, the Beijing BJ60 has won the recognition of its owners for its domineering appearance and abundant power. The experienced owner said that the driving comfort of the vehicle made him feel comfortable during long-distance travel, and after 20,000 kilometers of use, he was more satisfied with the driving experience of the BJ60, believing that it is getting better and better. Such an evaluation is undoubtedly a high affirmation of its quality and performance. For friends who are interested in buying, the Beijing BJ60 is undoubtedly a trustworthy choice.

On August 25th, BYD Ocean Network’s "New Generation Mainstream Medium Sedan" – the Seal DM-i officially opened pre-sale at the Chengdu Auto Show, with a total of 6 models, and the pre-sale price is 176,800-246,800 yuan. As a strategic model for Ocean Network to impact the medium-sized car market, the Seal DM-i brings consumers a new car experience beyond the past with three mainstream new values and five leading product forces. At the same time, BYD Ocean Network also prepared a number of pre-sale benefits for users, such as 2 years of 0 interest, 5,000 yuan replacement subsidy, 6 years or 6 basic maintenance, and the first owner’s non-operating vehicle Sandian lifetime warranty.

The platform gives "new" to reshape the value benchmark of mid-sized cars

The SEAL DM-i is based on the new DM-i super hybrid medium-sized car platform, and has been newly designed in terms of appearance, interior, body, chassis, etc. It has significant advantages in terms of size, space, chassis quality, and power driving control.

In terms of space, the body size of the Seal DM-i is 4980 * 1890 * 1495mm, and the wheelbase is 2900mm, all of which are "top grid" settings of the same level, completely surpassing the mainstream medium-sized cars, bringing a leapfrog riding experience.

In terms of ride quality, the Seal DM-i is the first super hybrid model equipped with a rear five-bar independent suspension. The newly built chassis structure can respond quickly to road changes, providing a clearer road feel and stronger suspension support, resulting in better handling stability, smoothness and comfort.

In terms of power, the Seal DM-i adopts DM-i super hybrid technology, equipped with two power units of Xiaoyun-plug-in special 1.5L high-efficiency engine/Xiaoyun-plug-in special turbocharged 1.5Ti high-efficiency engine, providing two pure electric cruising ranges of 121km and 200km under NEDC conditions, which can achieve a minimum power loss of 3.9L/100KM. The comprehensive battery life of full oil and full power can exceed 1300 kilometers, providing users with short-distance electricity consumption and long-distance hybrid full-scene travel freedom.

Interior leather "new" interprets the new style of marine aesthetics 　 　 　 　 　

Seal DM-i uses a new generation of marine network interiors, and the design draws a lot of marine inspiration to create a wraparound visual experience. At the same time, the interior materials are completely reformed, using rose wood decorative panels, NAPPA leather, imitation suede, matte chrome trim and other high-end materials to create a new luxury and technology overlapping interior style.

The SEAL DM-i instrument adopts a "2 + 1" combination design, that is, two large-size screens: 15.6-inch adaptive rotating suspension Pad, 10.25-inch full LCD instrument, and a "virtual screen": 12-inch W-HUD head-up display system, making interaction more convenient and more technologically attractive.

The cabin of the SEAL DM-i is not only luxurious and technological, but also comfortable. The wraparound leather seat is soft and delicate to the touch, with excellent wrapping and support, making it sedentary and not tiring. The 12-speaker Danaar brand audio, combined with the unique advanced algorithm, effectively masks the ambient noise, and gets the best sound experience and listening enjoyment in the top NVH quiet space.

Intelligent "new" brings a new human-vehicle interaction experience

In terms of intelligent experience, the Seal DM-i is equipped with a fully upgraded DiLink intelligent networking system. It is the first model of Ocean Network to be equipped with the One ID account system. Both software and hardware are upgraded, allowing users to "see, speak, and perceive". In terms of hardware, the Seal DM-i’s DiLink intelligent networking system adopts a 6nm 5G chip, and the CPU computing power is increased to 100K DMIPS for smoother operation. In terms of software, it supports dual desktops with dynamic wallpapers and maps, full-scene intelligent voice, 3D car control, etc., bringing a "more convenient and user-friendly" intelligent travel experience.

In addition, the SEAL DM-i is also equipped with the DiPilot intelligent driver assistance system, providing L2-level assisted driving, upgraded APA automatic parking assistance system, and worry-free parking, allowing users to enjoy a safer, more relaxed and enjoyable travel experience.

Summarize: 　 　 　 　 　 　

With the opening of pre-sale, the new generation of mainstream mid-sized sedan, the Seal DM-i, will fully refresh user awareness, reshape the value benchmark of mid-sized sedans, and change the mainstream mid-sized sedan market dominated by traditional fuel vehicles.

At present, the SEAL DM-i prototype cars have arrived at the store one after another, and everyone is welcome to experience the charm of the new generation of mainstream mid-sized cars firsthand.

On September 24, at Huawei’s autumn full-scene new product launch conference, the first large-space smart coupe SUV of the Smart World brand was officially launched.

The R7 is available in six body colors and four interior colors, with suggested retail prices of:

• Smart R7 Pro: 259,800 yuan
• Smart R7 Max: 299,800 yuan/319,800 yuan
• Smart R7 Ultra: 339,800 yuan

In the classic SUV size, the Smart R7 adopts the OneBox design concept, and creates a 3670mm effective space in the cabin by moving forward at point C and raising at point D.

The front row of the car is equipped with a high-energy encircling driving space, with a rear legroom of 956mm and a head space of 1034mm, providing a good ride experience.

The Zhijie R7 is equipped with HUAWEI DriveONE 800V high-voltage silicon carbide power platform. The total power of the Ultra version is 365kW, and the zero-hundred acceleration only takes 3.9 seconds. At the same time, the vehicle also has excellent energy consumption and battery life, with a maximum battery life of 802km.

Intelligent World R7 is equipped with the latest Huawei "black technology", achieving breakthroughs in smart cockpit and intelligent driving. HarmonyOS smart cockpit is upgraded to provide a smoother interactive experience. HUAWEI ADS 3.0 high-end intelligent driving system realizes full scene penetration and brings a more human-like driving experience.

The intelligent R7 uses submarine-grade thermoformed steel for passive safety, and is equipped with the latest omnidirectional anti-collision 3.0 system for active safety, providing all-round intelligent protection for driving and riding safety.

The launch of the Smart R7 heralds the ambitions of the Smart brand in the pure electric SUV market. As the global automotive market gradually transitions to electrification and intelligence, the Smart R7 is expected to stand out in the highly competitive market with its innovative design and advanced technology.

At present, consumers are increasingly demanding electric vehicles, especially SUV models with higher requirements for high performance, intelligence and safety. The launch of the Smart World R7 caters to this market trend and is expected to attract young consumers who pursue innovation and technology.

Analysts pointed out that in the field of pure electric SUVs, the smart R7 will face fierce competition from Tesla and other models. As a latecomer, the smart world needs to make greater efforts to capture market share.

According to Diandian Information, the Smart R7 relies on Huawei’s technological research and development capabilities and market influence, as well as Chery’s deep manufacturing experience, and is still expected to become an important force in driving brand growth.

On July 10, 2020, (| |) the 2020 model was officially launched at the Changchun Auto Show! A total of 6 models were launched for consumers to choose from, and the official guide price was 145.8-19 800 yuan.

2020 H5 Guided Price Model Price (10,000 yuan) 1.5T D Flag Yue Edition 14.581.5T DCT Flag Rhyme Edition 14.881.8T Automatic Zhilian Flag Rhyme Edition 16.281.8T Automatic Zhilian Flag Enjoy Edition 17.281.8T Automatic Zhilian Flag Chang Edition 18.181.8T Automatic Zhilian Flag collar version 19.08

Understand the changes of the new Hongqi H5: China Network added the Hongqi logo, the power increased by 1.5T + 7DCT combination, and the original 1.8T fuel was upgraded to 1.8T + 48V light mix.

Appearance part

(2020 1.8T Automatic Zhilian Flag Version)

(2019 30TD Smart Edition)

The front face of the 2020 Hongqi H5 is mainly a small adjustment to the middle net. The logo of Hongqi was added in the middle of the middle net. A small change instantly improved the style of the vehicle.

(2020 1.8T Automatic Zhilian Flag Version)

(2019 30TD Smart Edition)

And the shape of the side and tail has not changed, and the body size has also maintained the parameters of the previous one, with a length of 4945mm, a width of 1845mm, a height of 1470mm, and a wheelbase of 2875mm.

Vehicle interior

Since the new car is a mid-term facelift, the interior has not been modified. The steering wheel adopts a four-spoke flat bottom shape, and the instrument is a 7-inch LCD screen and mechanical instrument; standing on the central instrument panel is a 10-inch touch screen, which supports functions such as mobile phone interconnection and vehicle to everything.

The body size has not changed, and the natural empty space in the car has not changed. The 2020 Hongqi H5 has a spacious rear seat empty, full front two-wheel drive system power layout, but the rear floor bulge is too high.

power section

The new Hongqi H5 adds 1.5T power, capable of outputting up to 124kW, 169hp, 258N, m, and the transmission system is matched with its dual-clutch transmission.

The previous 1.8T version became a 1.8T + 48V light hybrid, capable of outputting up to 145kW, 197hp, 320N, m, and providing a significant power boost compared to the original 1.8T gasoline engine (132 kW/180 PS/250n, m). The transmission part is matched with a 6-speed automatic transmission.

In terms of building high-end cars, the Xingtu brand is undoubtedly the leader from behind. Not only has it successfully established the high-end image of Chinese brands, but the market performance is also very awesome. The sales volume exceeded 68,800 in the first July of this year, an increase of 28.3% year-on-year.

In the face of a serious domestic market, the Xingtu brand has advanced hand in hand in the field of fuel vehicles and new energy, and its product strength has played an important role.

A few days ago, the 2025 Xingtu Lanyue was officially launched, and the price of 4 versions of the new car was 193,900 yuan – 233,900 yuan. Compared with the old models, the practicality and technological sense of the new car have been upgraded, which further enriches the product matrix of the Xingtu brand and helps the Xingtu brand continue to make efforts.

The front face has been upgraded, making it more atmospheric.

Overall, the 2025 model has not changed much compared to the old model, and individual aspects have been improved. In terms of appearance, the car uniformly adopts the front face of the international version, cancels the straight waterfall grille, and unifies it into a banner-type air intake grille. With the headlights of the styling series, it creates a good visual effect; the taillights adopt a through-type shape, and the exhaust layout of the two sides is double, which greatly increases the sporty atmosphere.

In addition to the stylish appearance, the 2025 Lanyue also adds a sky blue color scheme, the texture of the car paint looks more advanced, providing consumers with more choices. In addition, the car also adds a chassis guard to take care of the user’s car.

Interior upgrade, luxurious and practical

Entering the car, the 12.3-inch LCD dashboard, 15.6-inch multimedia screen, and 12.3-inch entertainment screen for the co-pilot bring a full sense of technology to the 2025 model.

At the same time, the new car’s million-dollar luxury interior is advanced to make people’s eyes shine. The new Muguang orange interior, compared with the previous black interior, makes the new car look more elegant and luxurious; the peripheral trim of the large screen is replaced with black chrome, the silver handle in the car is replaced with dark color, and the ceiling and armrest box are also flocked, which further enhances the texture of the whole car.

In terms of body size, the length, width and height of the new car are 4970 * 1940 * 1792mm respectively, and the wheelbase is 2900mm, creating a good seven-seat space. In particular, the third row of space is the largest in the same class. From the data point of view: the sitting height is 274mm, the leg space is 804mm, and the head space is 961mm. Compared with some models’ nominal seven-seat cars, the third row of the 2025 Xingtu Lunar Range is not only wide in space, but also has electric adjustable seats. The large space really lives up to its name.

In terms of comfort, the Queen’s co-pilot + exclusive main driver is also a major attraction of the new car. The front seat cushions and backrests have functions such as heating and ventilation, as well as five massage modes, which greatly enhance the driving comfort.

In addition, compared to some current models that use touch keys for operation, the 2025 model has added physical buttons to the in-car control. For drivers, it is more convenient to operate blindly, and its practical effect is significantly enhanced.

Intelligent advanced, non-sensory interconnection

In terms of intelligence, the 2025 model is equipped with a Qualcomm Snapdragon 8155 car-grade chip, and the overall processing speed is also very fast. A variety of commonly used functions can be found at the bottom of the screen.

Secondly, the new car also upgraded the Hicar 4.0 system, bringing new intelligent experiences such as non-sensory interconnection and mobile phone ecology, making human-machine interaction smoother. At the same time, the new car is also equipped with a 23-speaker sound system, bringing consumers the ultimate sound experience.

It has to be said that in terms of configuration, the 2025 Xingtu Luoyue fully demonstrates the more the better. Various industry-leading configurations are currently reflected in this car. For example, the front row dual 50W wireless charging function can meet the wireless charging of two mobile phones at the same time.

In terms of intelligent safety, the 2025 model is equipped with a high-end ADAS driver assistance system, including HWA highway driver assistance, NOC high-speed navigation driver assistance, advanced driver assistance, intelligent avoidance, HPA memory parking function, and MEB low-speed reversing emergency braking function, providing comprehensive protection in safe driving.

In terms of power, the new car continues to be equipped with a 2.0T + 8AT combination, with a maximum power of 192kW and a peak torque of 400N · m. Coupled with master-class chassis tuning and Bogner’s 6th generation intelligent four-wheel drive system, it brings comprehensive advancements in power handling and further enhances the driving experience of the 2025 model.

In the opinion of "Car Circle": Why is the reputation of Xingtu Lanyue so good? That is the excellent product quality.

A car owner had an accident while driving across the desert. The vehicle rolled over more than seven times in a row, and the vehicle was not damaged much, and the people in the car were also unscathed. Out of great trust in the safety of Xingtu Lunar Landing, the owner soon bought a new Lunar Landing car.

Excellent product strength has created the high quality of the Xingtu brand, and also made everyone have a soft spot for Xingtu Lanyue. With the launch of the 2025 Xingtu Lanyue, the highlights of safety, comfort and intelligence have been blessed to consolidate the competitiveness of its products. I believe this car will definitely sell well in the end point market.