July has been a difficult month for Wang Jianlin. In the past month, Wang Jianlin and Wanda have frequently become the focus of public opinion due to a series of fire sale operations. Although the title of richest man has long been lost, the exposure has not diminished at all.

Wang Jianlin, chairperson of Wanda Group, sold his assets three times in a row under financial pressure, recovering a total of nearly 7 billion yuan. These assets include Wanda Film and Beijing Wanda Investment, and the transfer price is lower than the market price.

Wang Jianlin has sold assets three times in a row:

On July 10, Wanda Investment and Ms. Lu Lili signed the "Share Transfer Agreement". Wanda Investment transferred its shares of Wanda Film 180 million to Lu Lili, accounting for 8.26% of the company’s total share capital. The transfer price was 12.07 yuan/share, involving an amount of 2.173 billion yuan.

On July 17, Wanda Investment and its concerted action Shanxian Rongzhi signed the "Share Transfer Agreement", Wanda Investment transferred its holding of Wanda Film 177 million shares to Shanxian Rongzhi, accounting for 8.14% of the company’s total share capital, and the transfer price was 13.17 yuan/share, involving an amount of 2.331 billion yuan.

On July 23, China Ruyi announced that Shanghai Ruyi, a wholly-owned subsidiary of the company, acquired 49% of the shares of Beijing Wanda Investment Co., Ltd. (referred to as "Wanda Cultural Industry Group") held by Beijing Wanda Cultural Industry Group Co., Ltd. (referred to as "Wanda Investment") at a transaction price of 2.26 billion yuan.

After the transfer, Wanda Investment will be held 49.8% by Wanda Cultural Industry Group, 49% by Shanghai Ruyi, and 1.2% by Wang Jianlin. Wanda Investment is the controlling shareholder of listed platform Wanda Film, holding 20% of its shares. After the change of rights and interests is completed, Shanghai Ruyi indirectly holds a 9.8% stake in Wanda Film through Wanda Investment.

Transferring assets can only ease Wanda’s current cash flow problems. S & P pointed out that Wanda Commercial will face huge repayment pressure in the next 12 months.

According to public information, the current Wanda commercial management of 11 surviving bonds, the scale of 10.766 billion yuan, of which the scale of maturity within one year is 1.348 billion yuan. In terms of US dollar bonds, the current Wanda commercial management of 4 US dollar bonds, the scale of survival 1.70 billion US dollars, two of which total 1 billion US dollar bonds will mature within one year.

Industry insiders believe that the biggest risk for Wanda at present is whether it can go public. If Zhuhai Wanda Commercial Management cannot go public by December this year, according to the gambling agreement, Wanda will not only have to redeem 38 billion yuan, but also pay 12% interest. "

At present, China Chengxin International, Fitch, Moody’s and S & P have successively adjusted the rating of the joint stock company of Dalian Wanda Commercial Management Group.

In response, Wanda Commercial Management Group responded that the company’s operations are stable and its profitability is good. The company will strictly abide by the provisions and requirements of relevant laws and regulations, earnestly fulfill its information disclosure obligations, and remind investors of relevant risks on relevant matters.

On November 29, Meituan announced that since December 1, it plans to buy back the company’s shares with a total amount of no more than 1 billion US dollars.

Meituan believes that the share repurchase demonstrates the company’s confidence in its business outlook and prospects. The board believes that the company’s existing financial resources are sufficient to support the share repurchase while maintaining a sound financial position.

According to Meituan’s latest third quarter results announcement for 2023, the company’s quarterly revenue was 76.50 billion yuan, an increase of 22.1% year-on-year; adjusted profit was 5.73 billion yuan, an increase of 62.4% year-on-year.

Editor, Li Yan

Proofreading, Liu Baoqing

The reserved interface of Han series vehicles is in the black shell at the front. The ETC reserved interface can be used for installing driving recorder or ETC equipment. Most people may not know where the reserved interface is. Please share the installation steps and effects of Kailude C1 driving recorder. Just plug in the ETC interface of the original vehicle. This is a two-in-one interface, which does not affect the installation of ETC. Attach a location map.

The installation steps are simple, and the most important thing is to find the reserved interface. Using the crowbar tool, the back shell can be well removed. First, pry the small middle cover from top to bottom and take it down by hand, and then directly take down the pried gaps on the left and right sides of the big shell, so that the reserved interface position can be directly seen.

Kailude C1 driving recorder, the mold corresponding to the vehicle model, and the original one-in-two ETC power plug, crowbar tools, etc.

The model can watch videos on the mobile APP, and the video can also be watched on the big screen of the car. The recorder comes with a wifi mold, and the mobile phone and the car are connected to view without traffic.

Business News (Reporter Wang Zhuyu) It has been established for less than three years, and it is expected to become the "fastest IPO in history" brand of high-end pure trams. Recently, Krypton publicly submitted a prospectus to land on the New York Stock Exchange, with the stock code "ZK". At present, Geely Holding Group has 9 listed or planned listed companies, including Krypton, and Li Shufu, the helm of Geely, has ushered in a bumper IPO.

According to public information, Extreme Krypton was established in March 2021 and is a high-end intelligent pure electric vehicle brand hatched by Geely Holding Group. If it is successfully listed before March 2024, it will become the "fastest IPO in history" new energy automobile enterprise. For reference, it took Weilai, Tucki and Ideality, who are also new car-making forces, about 4 years, 6 years and 5 years to go public in the United States respectively. Tesla also spent seven years.

According to the prospectus, apart from producing high-end pure electric vehicles, Extreme Krypton also provides technology-driven solutions and is committed to leading the electrification, intelligence and innovation of the automobile industry. At present, Krypton has released four models, including Krypton 001, Krypton 001FR, Krypton 009 and Krypton X.

The data shows that in 2022, 72,000 vehicles were delivered throughout the year. In the first half of 2023, 43,000 vehicles were delivered, a year-on-year increase of 124.3%. By the end of October 2023, Krypton had delivered more than 170,000 vehicles.

The rapid increase in car sales has led to a significant increase in revenue. In 2022, Krypton achieved revenue of 31.899 billion yuan. In the first half of 2023, the revenue was nearly 21.3 billion yuan, a year-on-year increase of 136%, of which the vehicle sales revenue was 13.175 billion yuan, a year-on-year increase of 148.75%.

In terms of gross profit margin, the gross profit margin of Krypton vehicles reached 12.3% in the first half of this year, up 7.6 percentage points year-on-year. Earlier, An Conghui, CEO of Extreme Smart Technology, revealed that Extreme Smart is already the pure electric brand with the best gross profit level except Tesla. This year, the company’s gross profit margin target is in double digits. Judging from its growth momentum, Krypton is expected to become the first and fastest electric vehicle company to make money except Tesla.

According to the plan, Krypton plans to enter the pure electric vehicle market in Europe and the Robotaxi market in the United States in the future. And this will bring about a corresponding increase in R&D, marketing and other expenses. The data shows that in the first half of 2023, the R&D expenses of Krypton reached 3.19 billion yuan, and the sales, general and administrative expenses were 2.90 billion yuan.

As an important bet of Geely in the field of new energy, it is urgent to improve its "hematopoietic" ability, and listing is bound to be one of the paths of capital blessing. On August 25 this year, the CSRC confirmed the information on overseas listing. According to the filing notice of overseas issuance and listing, Krypton plans to issue no more than 926 million ordinary shares and list them on the New York Stock Exchange.

According to the prospectus, the funds raised by this IPO are mainly used for three purposes: about 45% is used for "developing more advanced pure electric vehicle technology and expanding product portfolio"; About 45% is used for "sales and marketing, expanding service and charging network"; 10% is used for "general purpose of the enterprise, including the working capital requirements to support the company’s business operation and growth".

In recent years, many brands under Geely have rushed to the capital market. At present, there are 9 listed or planned listed companies, including Geely Automobile, Volvo Automobile, Lotus Technology, Polar Star, Yikatong, Extreme Krypton Automobile, Qianjiang Motorcycle, Hanma Technology and Lifan Technology. While Li Shufu, the helm of Geely, ushered in a bumper IPO, it also made Geely Holding Group’s "team battle" ability expand.

Some market analysts believe that the independent listing of Geely’s brands will enable Geely to achieve large-scale operations. As Li Shufu said in his internal speech: "In the end, the number of global automobile industry enterprises will not be too much, and only large-scale enterprises can survive."

On December 23rd, Chongqing Jin Kang Sailis announced that it had jointly launched a high-end smart car brand AITO (Chinese name: Aotu), which is a new high-end new energy brand that Huawei has chosen new products and cooperated with car companies. slogan is "A journey of thousands of miles begins with AITO"!

At today’s new product launch conference of Huawei in winter, AITO’s first model, AITO Wenjie M5, was officially launched, with a mid-to-high-end positioning, belonging to an intelligent luxury electric drive SUV (medium-sized), which was built by major teams such as Huawei’s consumer business, including system software, industrial design, engineering technology, ecology, etc., with high autonomy.

In addition, HUAWEI has specially provided Huawei’s household charging piles for new cars, which are genuine Huawei car accessories to help solve the anxiety of users.

The IT House learned that "Huawei only makes parts and does not build cars, but helps enterprises build good cars".

Yu Chengdong said that this model is far superior to other brands in terms of performance, handling and intelligent experience.

Huawei also brought its simple and ultimate industrial design concept to this car. The exterior is luxurious and compact, and the interior is spacious and comfortable, which not only allows everyone to enjoy the convenience of parking and turning around easily in the city, but also allows the main driver and passengers to have a comfortable experience even during the long journey.

With the help of the industrial concept of Huawei team, this car has achieved a simple and extreme design. First, it is equipped with an intelligent cockpit. The AITO M5 can seamlessly flow with other intelligent terminals, completely breaking through the barriers between "people, cars and homes".

In terms of software, the M5 interface of AITO Interface provides advanced sense and intelligent functions, which "surpasses all models and car enterprises", such as L2+intelligent driving assistance, HarmonyOS intelligent split screen, one-button flow, NFC Bluetooth sensorless car key of Huawei watch, 3D face recognition, automatic login to Huawei account, automatic switching of driving information, schedule, real-time updating of car navigation map, intelligent sound source perception in multi-tone area, offline voice assistant, real-time detection of fatigue state by computational vision, etc.

Huawei said that with powerful computing power and operating system, through continuous AI learning optimization and OTA upgrade, HarmonyOS Auto can meet consumers’ demand for intelligent, scene-based and personalized experience upgrade.

IT House understands that AITO Wenjie M5 has six paint colors: ceramic white, pine frost green, ice crystal gray, gold-plated black, mi navy blue and azure blue, and three interior colors: ivory white, extreme night black and agate brown, which can be freely matched.

According to Yu Chengdong, Huawei designed it according to the quality and interior requirements of millions of luxury cars, which exceeded the driving sense of 500-100 million yuan. The interior space was comparable to that of a large SUV, and the cockpit was surrounded in one piece, which perfectly interpreted the experience of "advanced feeling", "simplicity" and "immersion".

In terms of power, AITO Wujie M5 adopts front double wishbone independent suspension (anti-roll), rear multi-link independent suspension (stable), all-aluminum chassis (weight -30%), and is equipped with Huawei’s own DriveOne pure electric drive range-extending platform, which has fast acceleration, long battery life and can be powered by electricity and oil.

It is equipped with 1.5T four-cylinder range extender 3.0, asynchronous AC motor and permanent magnet synchronous motor. The peak power of intelligent four-wheel drive flagship version is 365kW(675N?m), and the performance version of four-wheel drive is 315kW. Its performance is superior, and its endurance exceeds that of Porsche, BMW X3, Mercedes-Benz GLC, Audi Q5L, Tesla Model Y and many other luxury cars, with the highest compression ratio of 15:1, ultra-high thermal efficiency of 41% and 3.

According to Yu Chengdong, this model also has extreme cornering performance, which is stronger than McLaren. In terms of acceleration, it can also achieve acceleration of 4.4 seconds at zero speed and 1.9 seconds at 0-50km/h, and its performance can crush many fuel vehicles and surpass many pure trams.

Advanced precision oil cooling technology is also adopted in AITO Interface M5, which reduces the average peak temperature of winding by 30℃ and the peak temperature of magnetic steel by 15℃.

This model can store 40 kWh of electricity, and has a matching "Huawei Household Charging Pile", which supports fast charging (45 minutes can make the power from 20% to 80%, and 5 hours of slow charging can make the power from 20% to 80%), and of course it can also generate electricity from gasoline (56L fuel tank), and it can also output 3500W(220V) AC power to the outside world. Super fast charging charging charging charging treasure, four-wheel drive flagship version 110.

It is reported that the interior car of AITO’s M5 is a 15.9-inch 2K HDR screen, with 90% screen ratio, 128-color RGB atmosphere lights and seamless panoramic canopy.

In addition, this model also has built-in Huawei Sound’s top luxury audio system and a car audio with a peak of 1200 watts. It is worth mentioning that Huawei also has a high-quality cockpit music experience, providing a 10-million-level music library and a high-quality music area for Huawei music, and supporting the playback of lossless music with 5.1 channels and 7.1 channels.

In other aspects, AITO Wujie M5 comes with its own fragrance system, which claims to have the fastest charging in the car, 66W wired fast charging and 40W wireless fast charging, with five charging interfaces of 1A4C, as well as the advanced crystal diamond handle, the co-pilot’s "Queen’s fill lens", center speaker, 19-unit vocal design, ventilated heating massage seat, Napa leather, HUD head-up display function and so on.

Finally, AITO M5 also provides Huawei Card Owner’s Courtesy Edition, covering the whole life cycle from car purchase to car use, providing preferential installment service and rich owner’s rights and interests. With the owner card of Huawei Card, you can enjoy the owner’s rights and services. In Huawei wallet App, car owners can quickly apply for cards, handle car staging, enjoy cash back and driver accident insurance on the whole line, and create a variety of smart car scenes.

CCTV News:In August of this year, a video of an online cargo anchor stopped by the police during the live broadcast was circulated on the Internet. The video was only 30 seconds long, but it attracted a lot of netizens’ attention, and they speculated why the anchor was taken away by the police during the live broadcast. Recently, the Shanghai police confirmed that this video took place in an arrest operation by the police in Hangzhou, Zhejiang Province. At that time, the network anchor and his operation team were conducting a live webcast to bring goods, and they were selling counterfeit and infringing goods.

Shanghai police confirmed to reporters that this video took place in an arrest operation in Hangzhou, Zhejiang Province on August 28. This live broadcast room belongs to a live broadcast anchor named Silent M07. At that time, she was broadcasting live with her operation team. With the stunned expression of the anchor and the appearance of plainclothes policemen, the whole live broadcast came to an abrupt end, and this scene also shocked hundreds of thousands of netizens who were watching the live broadcast.

On the spot, the police controlled 7 people, in addition to the anchor with the goods, there are alsoFourStaff of the operation team and two staff of the supplier. A large number of goods, such as clothing, shoes and hats, jewelry and watches, were also seized at the scene, which was the reason for this action.　

More than 50 people were arrested in 8 dens for manufacturing and selling counterfeit goods.

Not only that, but at the same time, multi-channel police launched operations in Zhejiang and Guangdong. According to the police, the goal of this operation is to crack down on criminal gangs that manufacture and sell counterfeit goods. During the operation, more than 50 criminal suspects were arrested, 8 dens were investigated, and more than 3,000 counterfeit luxury brands’ bags, clothing and other commodities were seized on the spot.

Knowing the fake and selling fake "online celebrity" anchor has become a sales promoter.

Recently, the Shanghai police announced the latest development of the case. Of the more than 50 suspects arrested at present, 41 have been arrested by the procuratorate, and the case is under further investigation. Then, how did this anchor with a million fans go to the road of knowing fakes and selling fakes, and how did it attract the attention of the police? During the investigation, the police found that the anchor tried every means to avoid the brand of the goods he sold in the live broadcast. All indications showed that the anchor and members of the live broadcast team knew that a large number of goods they sold were counterfeit and infringing goods.

So who is this anchor who was taken away? According to the police, the anchor network is named Silent M07, whose real name is Liao, and he is 27 years old this year. In 2017, she signed a contract with a brokerage company to become an online shopping anchor, and began to open a live broadcast room on a well-known e-commerce platform, specializing in women’s wear and accessories. Due to his professional experience as a graphic model, Liao accumulated millions of fans in just three years and became a "head anchor".

There are a lot of abnormal phenomena in the live broadcast that attract the attention of the police.

As one of the many anchors with goods, why do the police pay so much attention to Liao’s live broadcast? Things have to start from May this year. This year, affected by the epidemic, the online shopping form of live broadcast with goods is increasingly recognized by netizens, but there are a lot of unusual phenomena in Liao’s live broadcast.

During the police investigation, it was found that Liao lived for nearly seven or eight hours every day, sometimes as long as 10 hours, and lived almost every day all year round. In the long-term live broadcast, there are often some clothes, jewelry, watches, etc. suspected to be well-known luxury brands. However, Liao never clearly stated the brand of the goods in the live broadcast room, and also blocked the trademarks on the goods.

Deliberately compare the counter price when displaying fake goods.

At the same time, when she shows the goods, she often takes out the genuine counter price as a comparison. Some luxury goods that cost tens of thousands or even hundreds of thousands are only one-tenth or even lower when she broadcasts live, so as to attract consumers to buy.　

Not only that, the brand logo will be covered in all the links of goods suspected of infringement. At the same time, the police found that all the live broadcast pages would be hung with the words "download, delete and play back, keep up with the rhythm", which is very different from the practice of retaining playback in the general live broadcast room.

Unscrupulous merchants use "online celebrity Live" to increase the sales of fake goods.

Because of the strong ability to bring goods, fake merchants have asked Liao to bring goods. Merchants come here, and Liao’s team accepts all the orders, and the business is getting bigger and wider.　

The police investigation found that the fakes recommended by Liao’s live broadcast came from different businesses. Because the traditional online shopping platform has made great efforts to investigate and deal with counterfeit and infringing goods, in order to expand its sales,business operatorI met Liao’s live broadcast team through an intermediary introduction.

The words "a little better" in the mouth of merchants are very implicit. Usually, the prices of their goods are close to genuine prices, and no one cares at all, but they are enthusiastically sought after by fans in the live broadcast room.

The fake merchants with high commission also provide extra appearance fees.

Selling fake goods not only brings huge commission income to Liao’s team, but also provides an extra appearance fee for the fake merchants. Under the temptation of dual interests, Liao’s live broadcast room began to become a popular channel for the sale of counterfeit goods. Police investigations found that nearly 30 of the hundreds of businesses that cooperated with Liao were suspected of selling counterfeit luxury goods.

Many fake merchants have come to the door to ask for goods, and Liao also accepted them according to the order. At the same time, the live broadcast platform is not supervised, and the brokerage company never asks questions, which has become a hotbed for illegal crimes.

In the first three quarters, there were 21,900 complaints related to live broadcast.　

Not long ago, the statistics of the first three quarters of 2020 of the national 12315 platform released by the State Administration of Market Supervision showed that. In the first three quarters of this year, complaints about online shopping accounted for 31.85% of the total number of complaints and reports, and a total of 21,900 complaints and reports related to live broadcast were received, up 479.60% year-on-year, and live broadcast claims accounted for nearly 60%. The demands related to live broadcast mainly focus on jewelry, clothing, shoes and hats, household items and so on. Immediately the annual "Double Eleven""Is coming, how to make the live broadcast bring benefits and convenience to buyers, but also more reassuring, which is an urgent problem for live broadcast platforms, online shopping platforms, merchants and anchors.

　　CCTV News:The Ministry of Communications and the Ministry of Housing and Urban-Rural Development have issued new regulations to encourage the use of new energy vehicles to carry out time-sharing and encourage time-sharing operators to adopt credit model instead of deposit management.

　　The Guiding Opinions on Promoting the Healthy Development of Minibus Rental formulated by the Ministry of Transport and the Ministry of Housing and Urban-Rural Development was officially promulgated today. The Guiding Opinions includes 5 parts and 13 articles, including general requirements, laying a solid foundation for safety management, improving service capacity, encouraging time-sharing development and creating a good development environment.

　　It is understood that from June 1 to 14, the Ministry of Communications publicly solicited opinions on the Guiding Opinions on Promoting the Healthy Development of the Car Rental Industry. According to the suggestions, the Guiding Opinions were revised and improved: the scope of application was limited to the lease of minibuses; Enriched the relevant requirements of anti-terrorism prevention and added the contents of "maintaining public safety"; At the same time, the new format of time-sharing lease is standardized and managed.

　　What is a minibus??

　　Minibus refers to a minibus with seven seats or less. The "Guiding Opinions" clearlySmall minibus leaseIt refers to the operation mode that the minibus leasing operator delivers the minibus to the lessee for use within the agreed time, collects the leasing fee and does not provide driving services.

　　According to the Ministry of Communications, there are currently more than 6,300 car rental operators in China.The total number of leased vehicles is about 200,000.The market scale is growing at an annual rate of about 20%. but92.7% of car rental enterprises in China own less than 50 vehicles.It is difficult to implement network operation and form economies of scale.

　　In addition to insufficient service capacity,At present, there are no new laws and regulations for the car rental industry at the national level.. At the local level, only four provinces (cities) such as Beijing, Shanghai, Chongqing and Shanxi have issued special local regulations on car rental, while another 21 provinces only involve one or two principled provisions in the Road Transport Regulations and other relevant local regulations, while six provinces such as Tianjin, Hebei, Inner Mongolia, Guangxi, Hainan and Qinghai have not yet issued laws and regulations on car rental.

　　For the sake of vehicle insurance, scrapping and second-hand salvage value,At present, about 95% vehicles in the car rental market are registered as non-operating vehicles.As a result, it is difficult to guarantee the safety of vehicles, and users cannot get insurance compensation in case of traffic accidents.

　　In order to ensure the safety performance of leased vehicles and the legitimate rights and interests of users, the Guiding Opinions put forward requirements such as standardizing the management of leased vehicles and implementing the inspection system in real-name registration system. Rental vehicles shall be in accordance with relevant laws, regulations and technical standards.Go to the public security organ for registration., and in accordance with relevant regulations, carry out safety technical inspection, environmental inspection and scrapping of vehicles. Insure compulsory insurance and third party liability insurance according to the insurance rate corresponding to the registered nature of use.

　　To implement the identification system, minibus rental operators should have the facilities and equipment needed for identification and check the valid documents provided by the lessee.

　　Highlights of the new regulations ②: Encourage time-sharing of new energy vehicles.

　　In order to encourage the development of the new format of time-sharing lease, the Guiding Opinions proposes to consider the characteristics of time-sharing lease in non-intensive travel, reasonably determine the positioning of time-sharing lease in the urban comprehensive transportation system, and study and establish a vehicle delivery mechanism that is suitable for public travel needs, urban road resources and parking resources.

　　Time-sharing operators should improve their online and offline service capabilities, strengthen the intelligent organization and deployment of vehicles, and ensure the good safety of vehicles through daily inspections and self-inspection of vehicles by operators. Operators should adopt safe and compliant payment and settlement services to ensure the safety of users’ deposits and funds, and encourage the use of credit mode instead of deposit management.

　　This paper puts forward some support policies, such as encouraging public parking lots in crowded areas to provide convenience for parking time-sharing vehicles and exploring on-street parking concessions in cities. Encourage the use of new energy vehicles to carry out time-sharing leasing.

　　Highlights of new regulations ③: Promote the construction of parking spots in densely populated areas.

　　In order to improve the service ability of the industry, the Guiding Opinions put forward specific requirements from the aspects of infrastructure planning and construction and daily operation and management of operators. According to the local economic and social development and residents’ travel needs, it is required to formulate a development plan for minibus rental, and incorporate it into the comprehensive transportation system planning and urban comprehensive transportation system planning, strengthen the transfer connection between minibus rental and different modes of transportation, and promote the construction of transportation hub business outlets such as airports, railway stations, bus stations and ports, as well as parking stations in densely populated areas.

　　Encourage operators to use new technologies and new means to strengthen daily management and improve the convenience of car rental. Operators should improve network security protection measures and collect, store, use and protect personal information in compliance with laws and regulations. Strengthen the linkage between upstream and downstream industries and related industries, and promote the scale, networking and brand development of the industry.

　　List of other highlights

　　In addition, in order to further create a good development environment for the industry, the Guiding Opinions also put forward the requirements of accelerating the construction of system standards and promoting the resolution of outstanding problems such as illegal road traffic disposal of leased vehicles and fraud of leased vehicles. Accelerate the construction of credit system, establish a credit evaluation system for lease operators and lessees, and build a cross-departmental and cross-regional joint incentive and punishment mechanism.

　　The Guiding Opinions require that local transportation departments should formulate supporting policies, measures and implementation plans.

　　On August 2, the Ministry of Transport and other 10 departments jointly issued the draft of "Guiding Opinions on Encouraging and Regulating the Development of Internet Rental Bicycles", which clearly pointed out that the development of Internet rental electric bicycles is not encouraged.

　　Li Jiangping, inspector of the Traffic Management Bureau of the Ministry of Public Security, said that such regulations mainly consider that vehicles generally exceed the standard and do not meet the standard requirements of the General Technical Conditions for Electric Bicycles; Prone to traffic accidents; Fire safety hazards are prominent; High risk of vehicle operation safety; In addition, the battery pollution problem is serious.

headline

Chinese youth killed by police: video release is justified!

[Comprehensive News]Christian Hall (Chinese name: Chen Zhibo), a 19-year-old Chinese youth in Pennsylvania, was shot and killed by state police in December last year. At present, it has been ruled as a legitimate reason (legal) by DA in Monroe County, Pennsylvania.

On December 30th, someone called 911 anonymously, and the anonymous caller was Hall himself. The police rushed to the scene on I-80 and found Hall standing on top of the concrete safety barrier. After some continuous twists and turns, Hall then took the gun (an air gun like a pistol) from his waist and took a step towards the police. Then a police officer fired several shots, but missed Hall.

You can see that Hall raised his arm to the side, turned the weapon to the side, and turned the barrel to aim at his head. At this time, it was the critical moment when the police decided to shoot him.

The police said: "Because Hall’s behavior caused a potential threat of death or injury, in this case, it is legal for Pennsylvania police to use deadly force against Hall."

The Monroe County District Attorney said they didn’t think the police were at fault, and they wanted to make sure Hall’s family didn’t blame themselves for it. The prosecution said that Pennsylvania law does not require suspects to fire at the police. Hall (Chen Zhibo) used an air gun to force the police to shoot, which is a common "suicide by cop" behavior.

Spot News

1. There are dozens of mysterious brain diseases in North America, with 5 deaths and 43 hallucinations!

[Guardian]New Brunswick, Canada, has recently been exposed to investigating dozens of mysterious brain diseases. However, the news was first exposed by the outflow of internal government documents, and the health department refused to provide more details. It is reported that there have been 43 cases of such brain diseases in this province, and the cause of the disease has not yet been identified. Specific symptoms include memory shortage, vision problems, abnormal convulsions and so on.

According to the report, in 2015, the first suspected case appeared in the local area, and in 2019 and 2020, there were 11 cases and 24 cases respectively, and a total of 5 people died. However, it was not until last week that local residents learned the news from the internal memo of the health department obtained by the media. Health officials still refuse to disclose the specific location of the cases, but some experts say that the number of cases is small and there are still many problems to be studied, so the public should not panic.

2. Pfizer —BioNTech: The vaccine is 100% effective for teenagers aged 12-15.

【CNBC】Pfizer and BioNTech announced in a joint press release on Wednesday that Pfizer -BioNTech Covid-19 vaccine is safe and effective in adolescents over 12 years old. The vaccine can prevent symptomatic diseases 100% effectively in the experiment, and trigger a stronger immune response among teenagers than adults. They hope to start vaccination for American teenagers before the next school year.

Pfizer and BioNTech of Germany said that the vaccine trial data of nearly 2,300 teenagers aged between 12 and 15 will be submitted to the US Food and Drug Administration (FDA) in the next few weeks. At present, Pfizer -BioNTech vaccine has been approved by FDA and can be used urgently for people over 16 years old.

3, solved the case! The US Strategic Command tweeted garbled for Xiong Haizi.

[Fox News Network]On March 28, local time, the US Strategic Command Twitter sent a strange message, the original text was "; l; ; gmlxzssaw,”。 This tweet quickly triggered various speculations on the Internet. Some people suspected that the headquarters had inadvertently sent out the nuclear weapon launch code; Some people joked that this message was for aliens; Others "reasonably declined" that there was a cat stepping on the keyboard and "unintentionally" knocking down this line of words.

The US Strategic Command replied: At that time, the Twitter manager of the command was working remotely. Just when he left the computer for a short time and was still logged in to the Twitter account, his young children knocked down these characters and did not intend to send a tweet. In the end, the tweet was deleted, and before it was deleted, it had received 11,000 replies.

4. New York State Legislature Passes Marijuana Legalization Bill Governor: A Big Step.

【CNN】On the evening of the 30th local time, the Senate and the House of Representatives of New York respectively voted to legalize recreational marijuana, which will be submitted to New York Governor Cuomo for signing into law. According to the bill, adults in New York State who have reached the age of 21 will be legalized to use mahjong for entertainment, and residents can also grow marijuana at home according to the quantity requirements. In addition, the bill will abolish the conviction of holding no more than 3 ounces of marijuana in public places and automatically delete the criminal records of those convicted of possessing marijuana.

After the bill is signed, New York will become the 15th state to allow adults to use recreational marijuana. New York Governor Cuomo said the move was a "big step forward" for the state.

5. Biden’s dog has just returned to the White House and bitten again. It was sent back to his hometown for "aggressive behavior".

【CNN】On the afternoon of 29th local time, Biden’s sheepdog "Colonel" bit again after returning to the White House. It is reported that the incident occurred on the South Lawn of the White House, and the victim was an employee of the National Park Service who was working at that time. Subsequently, the White House medical department has inspected the employee, and he returned to work unharmed. Michael Larosa, Biden’s press secretary, told that the Colonel was still "adjusting (adapting) to the new environment".

Biden adopted the "Major" in an animal shelter in Delaware in November 2018. The "Major" is 3 years old and has shown exciting behaviors on many occasions, including jumping, barking and "attacking" staff and security personnel. Last November, Biden slipped and sprained his ankle while playing with "Major". At the beginning of March 2021, "Major" was sent back to Biden’s hometown in Delaware after his aggressive behavior in the White House, and was sent back to the White House soon after.

6. Russian registered the world’s first veterinary COVID-19 vaccine or mass-produced it in April.

Sputnik news agency & radio reported on the 31st that Savenkov, deputy director of the Russian Animal and Plant Health Supervision Bureau, announced that Russia had registered the world’s first COVID-19 vaccine for animals. It is reported that the vaccine, named "Carnivaccov", was developed by the Animal Health Center of the Russian Federation and did not show any side effects in the preliminary test.

It is reported that the clinical trial of the vaccine began in October 2020, involving dogs, cats, minks, foxes and other animals, and it is possible to start mass production in April. Companies from Greece, Australia, Poland, Canada, the United States and Singapore have expressed interest in buying.

7. The Utah Jazz charter plane was hit by a bird: the engine failed and there were many cracks in the fuselage.

【KUTV2】On the 30th local time, the Utah Jazz, an NBA basketball team, collided with a bird after taking off, resulting in engine failure and staged a moment of air fright. Fortunately, the crew turned off the affected engine in time, and finally the plane returned to Salt Lake City Airport safely. After landing, it was found that the nose was stained with blood, and cracks appeared in the nose and wing.

It is reported that the plane originally planned to fly to Memphis, Tennessee, in order to play an away game with Memphis Grizzlies on the evening of the 31st. Delta Air Lines, which is in charge of the accident flight, said that they are communicating with Utah Jazz to fly it to Memphis for the competition as soon as possible.

8. SpaceX test flight When the prototype of the 11th starship landed, it exploded and landed with loud noise and debris flying all over the sky.

【CNN】At 8: 00 am local time on the 30th, the test flight of "Star Boat" SN11 was carried out at the company’s R&D and test base in Bokachica, southern Texas. It is reported that SN11 successfully lifted off to a predetermined height of 6.2 miles after launch, but unfortunately the prototype exploded when it landed. The scene shows debris flying all over the sky. SpaceX engineer John Inspruk said that SN11 failed to land safely, saying that "all data on the spacecraft may have been lost".

SpaceX CEO Musk tweeted a few minutes after the crash: "At least the location of the crater is right!" It is reported that Musk has estimated that the "Star Boat" rocket project will cost about 5 billion US dollars. Since December 2020, SpaceX has carried out four "Star Boat" prototype test flights. In the previous three missions, SN8 and SN9 exploded when landing, and SN10 landed but then exploded.

9. A doorman in new york, USA, has been suspended for sitting idly by against Asian hate crimes.

【CBC】At about 11 noon local time on the 29th, a 65-year-old Filipino woman in midtown Manhattan, new york, was suddenly trampled down by an African-American man. The man also swore at the trampled woman and made racist remarks, but the security guards who witnessed the incident not only failed to help, but also closed the door from inside the building.

On the 30th, the broschi organization in charge of the building said that the doorman had been suspended and would investigate the matter with the trade union. According to a police statement, the Asian woman was seriously injured and has been transferred to new york University Langone Hospital, where she is in stable condition.

10. CDC announced that COVID-19 ranked third among the top ten causes of death in 2020.

According to the data released by the Centers for Disease Control and Prevention (CDC) on Wednesday (March 30th), in 2020, Covid-19 will be the third leading cause of death in the United States, after heart disease and cancer. The data shows that the virus caused nearly 378,000 deaths in the United States in 2020, accounting for 11% of the total death toll of 3.36 million in the United States. In 2020, heart disease killed about 700,000 Americans and cancer killed about 600,000 people.

Another analysis by the agency showed that 34% of COVID-19’s deaths were also attributed to complications caused by viruses, the most common being pneumonia and respiratory failure. In addition, as many as 80% of people who died of the virus had at least one potential health condition that led to their death, the most common being hypertension, diabetes and dementia.

11. Youtube refused to take off the shelves to encourage the robbery of Chinese song executives: no precedent can be set.

【ABC】Recently, employees of Youtube, a social media site, called for the deletion of the 2014 song "Meet the Flockers" by rapper YG, because it contained lyrics encouraging the robbery of Chinese. However, the appeal was rejected by company executives, who said that they must consistently implement the policy and "avoid setting a precedent that may lead us to remove many other music on YouTube."

When the song was published in 2014, no one paid attention to it, and two years later (2016), it triggered a condemnation from the Chinese American community. After causing controversy, this song was once deleted from Youtube by fans. On July 24, 2018, this song was rediscovered on Youtube through YG personal account. By 11: 00 am on March 31, 2021, Beijing time, the number of views had exceeded 110,000, with 3,344 likes and 3,644 clicks.

12. Volkswagen changed its name? Early April Fool’s joke!

Wall Street JournalAccording to the news released by Volkswagen’s American subsidiary on the 29th, in order to reshape the brand image, the company will change the letter K in its original name to T.. Volkswagen means "people’s car" in German, and the name change is to change "people" to "volt", which is the unit of voltage. The announcement said that the revised name will take effect in May, demonstrating the company’s determination to shift its focus to electric vehicles.

However, the press release about this news was quickly deleted from the company official website. Subsequently, the Wall Street Journal reported on the afternoon of 30th that the news of Volkswagen’s name change was a joke on April Fool’s Day, aiming at raising people’s awareness of Volkswagen’s electric vehicles and promoting the upcoming new electric SUV.

13. Married women don’t mind hiring a "man hug" husband for $80 an hour!

The sunA woman named saskia recently hired a professional man for $80 to "hug". According to saskia, she had to leave her husband for a while because of her acting career, and she soon began to feel "lack of touch" and turned to this special service. The woman’s husband doesn’t care about this. He said that they are one-on-one couples, and this hug will not interfere with the relationship between husband and wife.

It should be pointed out that this service is booming in the United States, and the number of requests for professional "hugs" reaches 200 every week.

14. The French Open is restored! Italy absconded for 7 years, and the Mafia was recognized by the police for indulging in cooking.

[Mirror]A 53-year-old member of the Italian mafia named Mark Phelan was wanted by the police and has been on the run for seven years. He fell in love with cooking while hiding, and he also liked to record the cooking process and share it with a YouTube channel created by him and his wife. In the video, he didn’t show his face, thinking that he was "invisible", but he forgot to cover his unique tattoo pattern. As a result, he was recognized by the police and tracked down, and he was arrested.

It is reported that seven years ago, the Italian prosecutor ordered his arrest on the grounds that he was suspected of trafficking drugs and cocaine for the "Ndrangheta Mafia". Since he fled, he has been living in seclusion in a quiet village in the Dominican Republic called Boca Chica. At present, Mark has been extradited to Italy and his YouTube channel has been closed.

15. A Brazilian couple had 14 boys in succession to form a football team.

According to the Brazilian media Uol, a couple in Bahia, Brazil, gave birth to 15 children, the first 14 of whom are sons. Because they love football, they formed a football team with these 14 sons. It is worth mentioning that the names of their 14 sons are Rodrigo, Ronaldo and Robson)…… … all of which begin with R. Cruz, a 44-year-old father, said that he got the name because these Brazilian stars with the R have brought happiness to the whole world.

Last September, the couple finally welcomed their first daughter, Layani, whose name also begins with R. The 39-year-old mother, Rusikred, said that it was finally complete. The couple said that now that they have daughters, they will not regenerate in the future.

Read the original text

Prison system/Junzhou

Editor/Derrick

Main broadcast/Zixuan

Compilation/Wenma, Derrick, Zavia, Amo, Wen Zhuo, Sanliun

Union chupin

Seattle Chinese Radio, USA

Chinese Radio Vancouver, Canada

　

　

Wen | Buer Research Institute Yi Xin Zi Qing

Following the price reduction of Tesla at the beginning of the year, in August this year, new energy vehicles once again set off a new wave of price reduction. Brand officials, such as Zero Run and Weilai, announced the price reduction, and the ideal was to "reduce the price in disguise" by releasing new cars.

On August 8th, LI (02015.HK) announced the second quarterly report of 2023. Although the net profit of the second quarter increased, its share price showed the opposite trend.

On the day of the financial report, its US stock price closed down by 8.62%; The next day (August 9), Hong Kong stocks closed down 5.52%.

As of August 14th, LI closed at HK$ 160.90 per share, corresponding to a market value of HK$ 335.4 billion (about RMB 311.1 billion).

According to the latest data released by Ideal, its delivery volume in the second quarter reached 86,533 vehicles, up 201.6% year-on-year and 65% quarter-on-quarter. In July, the delivery volume was 34,134 vehicles, up 227.5% year-on-year and only 4.7% quarter-on-quarter.

According to the announcement of LI, it is estimated that the delivery volume in the third quarter is only 100,000-103,000, equivalent to 33,000-34,500 vehicles per month. Based on this data, it is speculated that the growth of ideal monthly delivery volume may stagnate.

According to its second quarterly report, "Buer Research" found that in the second quarter of this year, LI’s revenue was 28.65 billion yuan, a year-on-year increase of 228.1%; The net profit was 2.31 billion yuan, turning losses into profits year-on-year, up 147.4% from the previous month.

In the second quarterly report, the ideal revenue doubled, but the strategy of re-marketing may continue. The R&D expenditure in the ideal second quarter was 2.43 billion yuan, up 58.4% year-on-year and 31% quarter-on-quarter. Sales, general and management expenses were 2.32 billion yuan, up 74.3% year-on-year and 40.4% quarter-on-quarter.

Source: official website, LI

At present, LI’s production capacity is limited to 8,000 vehicles per week, and the production capacity of parts suppliers has fallen into a bottleneck, which is also a challenge it faces in the second half of the year.

According to the financial report meeting in the second quarter, due to the development of economic situation and the upgrading of enterprise organization matrix at the beginning of the year, it is ideal to lower the planned annual sales target of 360,000 vehicles to 300,000 vehicles.

Today, the new energy vehicle has entered the second half, and the industry volume has been intensified; Although LI turned losses into profits year-on-year, how long can the story of its profitability be sustained and increased?

In March of this year, the new forces of building cars suffered a double crit.

The first crit comes from the continuous price reduction war of peer TSLA, and the second crit is the government-enterprise subsidy jointly initiated by Hubei Dongfeng. The fuel vehicle market is "chaotic", which makes new energy vehicles suffer crit.

As one of the Three Musketeers, a new force in car-making, LI has previously published the 2022 annual report and the first quarterly report in 2023. Although the revenue in 2022 has achieved substantial growth, it is still at a loss.

According to its financial report, "Buer Research" found that in 2022, LI’s revenue was 45.29 billion yuan, a year-on-year increase of 67.7%; In the same period, its net loss was 2.03 billion yuan, up 531.42% year-on-year, making it the most serious year since the listing of US stocks in 2020.

Among them, the ideal automobile sales revenue in 2022 is 44.106 billion yuan, accounting for 97.39% of the total revenue. According to "Buer Research", due to the increase in R&D investment and rising operating costs in 2022, the automobile sales revenue failed to catch up, which led to the further expansion of LI’s net loss.

Under the new energy automobile track, it still takes time to accumulate and reserve funds to transform R&D investment into automobile production capacity.

Although the capital reserve has been expanded after the dual listing, more and more car-making competitors and intensified competition in sub-sectors seem to be shortening the ideal "new" time window.

01 landing in Normandy

In 2015, after leaving office in car home, Li wanted to start a business again, aiming at the field of new energy vehicles. At that time, Tesla was in the limelight, and many Tesla "fans" emerged in China.

Source: LI founder-Li Xiang-LI Guan Wei

Since then, Li Xiang’s brand ideal of new energy vehicles has stood out, and he, together with Weilai Automobile and Xpeng Motors, has been called "Three Musketeers".

In 2019, when the ideal first car, Li ONE, was officially launched, Li Xiang said frankly, "I have been in business for 20 years, and today is my most nervous day, and it is also the Normandy landing day of the company".

In July 2020, above the new energy outlet, it was ideal to land on Nasdaq in the United States, and the IPO was priced at $11.5 per share, with the highest increase of more than 50% on the first day of opening.

On August 12, 2021, LI landed on the Hong Kong Stock Exchange, becoming the second new car-making force to achieve dual listing in Hong Kong stocks after Xpeng Motors.

Although the new energy outlet is still there, the competition of the Three Musketeers, a new force to build cars, is intensifying. Compared with the increasingly full product matrix of Weilai and Tucki, the outside world is quite worried about the ideal car-making pace: the 2020 Li ONE that landed in Normandy has been sold for nearly three years, and the ideal finally got the new 2021 Li ONE.

Source: official website, LI

According to the ideal quarterly report in 2023, its total revenue in the first quarter was 18.79 billion yuan, up 96.5% year-on-year and 6.4% quarter-on-quarter. In the same period, the net profit was 934 million yuan, turning losses into profits. In addition, the ideal annual gross profit margin in the first quarter of 2023 is still declining.

According to "Buer Research", the ideal main revenue source is vehicle sales, and its vehicle sales revenue in the first quarter of 2023 was 18.33 billion yuan, accounting for 97.55% of the total revenue.

The increase in sales revenue in LI is mainly due to the increase in delivery volume in the first quarter and the increase in the average selling price of ideal L series models. In addition, the revenue and delivery have been greatly improved, which has also enabled LI to turn losses into profits.

Entrepreneurship means choosing the path of extended-range technology and relying on an extended-range electric vehicle to conquer the world. The ideal can be described as a different kind among the three musketeers, a new force in building cars. However, the increasingly strict policy supervision is like the sword of Damocles hanging overhead, and it is ideal to make up for the autopilot technology.

Li Xiang once said frankly, "In terms of autonomous driving, compared with Tesla and Tucki, we have to make up lessons." According to the plan, this year’s ideal research and development is continuously invested; In the first quarter, its R&D expenditure was 1.85 billion yuan, up 34.8% year-on-year; In the second quarter, its R&D expenditure was 2.43 billion yuan, a year-on-year increase of 58.4%.

When the market structure of the new force of car-making is initially determined, the competition of new energy vehicles has entered the second half: the sales and mass production targets of 280,000-300,000 vehicles, and the fierce competition of autonomous driving technology.

As a supporter of the "10,000-hour Law", Li Xiang once wrote in Weibo, "I have trained more than 60,000 hours in the automobile industry since 2004, and I am more confident in my major".

It seems that the capital market that votes with its feet is not satisfied with Li Xiang’s "10,000-hour law".

By comparing the PE value (P/E ratio) and the PB value (P/B ratio) of the Three Musketeers, a new car-making force, it was found that by the close of the US stock market on August 12th, EDT, except LI, the PE values of the new car-making force were all negative, with the PB values of Tucki 2.81, Ideal 6.23 and Weilai 7.63 in turn, while the PB value of Tesla was 15.06.

Among the three musketeers, the ideal PB value ranks second, which is about 1/10 of Tesla PB value. The higher the PB value, the higher the valuation of enterprises in the capital market.

As of August 12th, EST, the US stock market closed, with an ideal market value of $42.18 billion, while Tesla’s market value has passed the $700 billion mark.

02 on the new speed.

On May 25th, 2021, Ideality released the 2021 Li ONE in Beijing, which was different from the enthusiastic conference site. The capital market reacted coldly and fell immediately after the opening of the day. Only one day later, it is ideal to announce the financial report for the first quarter of 2021, from profit to loss.

"Li Xiang, you owe an explanation to the owner who picked up the car in April and May." After the release of the 2021 Li ONE, Li Xiang’s Weibo was overwhelmed by the owner’s doubts.

According to the ideal plan, after the production and sales of the 2021 Li ONE model begin, the production of the 2020 model will stop. The car owner who just bought the old model of Li ONE soon felt that he had been "cleared of inventory" by routine. Although it is ideal to provide four paid upgrade schemes for old car owners, it still cannot satisfy the skeptics.

In August of the same year, a similar scene was once again staged in the ideal riders group: the prospectus revealed that the ideal will launch a new full-size SUV in 2022, and compared with the existing products, the size, hardware and intelligent configuration have been improved in many aspects.

Source: LI Guanwei

To some extent, the rapid iteration of new energy vehicles is accelerating the depreciation of the value of the previous generation models. Anxiety, confrontation and other emotions spread between riders waiting for a full-size new car and owners who have already picked up the car.

According to "Buer Research", the innovative technology of new energy vehicles is both a spear and a shield. Compared with traditional cars, the product cycle of new energy vehicles is shorter; How to balance customer perception and product iteration has also become an ideal test.

However, the other side of the coin is the risk brought by the thin product line, and any fluctuation in Li ONE may trigger a chain reaction.

In order to change this situation, it is ideal to replace Li ONE with L8 and L9 from the second half of 2022.

In the fourth quarter of 2022, the ideal delivery volume was 46,319 vehicles, a year-on-year increase of 31.5%; In the same period, Weilai and Tucki delivered 40,052 vehicles and 22,204 vehicles respectively, both of which increased year-on-year.

By the end of 2022, it is ideal to deliver 133,246 vehicles throughout the year, up 47.2% year-on-year; Although it did not reach the expected goal of LI, it was slightly ahead of Weilai Automobile’s 122,486 vehicles and Xpeng Motors’s 120,757 vehicles in terms of the number of deliveries in 2022.

By the end of January this year, LI’s monthly sales even exceeded the combined monthly sales of Weilai Automobile and Xpeng Motors.

In the first quarter of this year, the ideal delivery volume was 52,584 vehicles, a year-on-year increase of 65.8%; The deliveries of Weilai and Tucki in the same period were 31,041 and 18,230 respectively.

The outbreak of black swan is only a small probability event. If compared with the same industry, to some extent, the large data fluctuation of ideal sales revenue is related to its single product structure.

In the view of "Buer Research", in the early stage of starting a business, the 2020 Li ONE solo combat can unite all the superior resources; However, due to the lack of product matrix, ideal is losing its position in the price range, and it is easy to fall into the situation of weak subsequent growth.

Expanding the product matrix is imminent. On August 3 this year, it officially launched the ideal L9 Pro. According to the ideal plan, it is expected to launch the first pure electric vehicle MEGA； by the end of 2023. And in 2024, four new cars will be released, including an extended-range SUV and three pure electric models.

Source: official website, LI

It is not easy to "upgrade" new energy vehicles, and R&D investment is similar to "arms race"; Only from the number of patents and invention patents in 2020, the ideal is relatively backward.

Intelligent driving is the focus of LI’s current layout. This year, the ideal plan is to land the "NOA" function in 100 cities.

At present, LI has successfully opened the urban NOA internal test in Shanghai and Beijing, and completed the first test drive of urban NOA and commuter NOA in Beijing. It is expected that in the third quarter, Ideal will also open the commuting NOA function to "early bird users".

In the view of "Buer Research", when the potential of new energy vehicle track is highlighted, attracting many car-making forces to enter the market, the competition in market segments will become more intense.

Regardless of the technical path, ideally, the time window of the new product matrix is limited, and it is urgent to find a balance between iterative novelty and customer perception.

03 Flag of Li Xiang

In February 2021, Li Xiang said in an internal letter that by 2025, it is ideal to win 20% of the market share and become the first intelligent electric vehicle enterprise in China; In 2030, it will go further and become the first intelligent electric vehicle enterprise in the world.

In the second quarter of this year, Li Xiang set a new Flag: the ideal total sales this year will exceed the target at the beginning of the year by 10%-20%. The ideal target at the beginning of the year is annual sales of 306,000 vehicles, and the adjusted sales volume is expected to be 336,000-366,000 vehicles.

According to the latest data released by Ideal, its delivery volume in the second quarter reached 86,533 vehicles, up 201.6% year-on-year and 65% quarter-on-quarter. And delivered 34,134 vehicles in July.

In terms of production capacity closely related to the delivery volume, the "Buer Research" found that the annual production capacity of the ideal Changzhou factory in 2020 will be about 100,000 vehicles, and the annual production capacity of the factory will increase to 200,000 vehicles after upgrading.

After the release of Q3 financial report in 2022, Shen Yanan, the ideal co-founder and president, announced his resignation. He helped LI choose to build his own factory in Changzhou. This adjustment is regarded as a large-scale change since the establishment of Ideal.

At the ideal second-quarter financial report meeting on August 8, Li Xiang said that at present, due to the influence of supplier supply, the production capacity is in a bottleneck.

Earlier, there were media reports that Ideality was contacting Beijing Hyundai and hoped to receive its first factory that had stopped production. At present, the Beijing base is expected to be officially put into production at the end of this year. In addition, it is reported that the production plan of the ideal third factory, Chongqing production base, has stopped.

According to "Buer Research", if we want to achieve production and sales of 1.6 million vehicles in 2025, we need a strong production capacity reserve. The only Changzhou factory and Beijing factory may not have enough production capacity to carry their delivery demand, so the construction of new factories is imminent.

Previously, compared with the other two new car-making forces, the ideal offline layout was not dominant and is currently accelerating.

By June 30, 2023, LI had operated 331 retail stores covering 127 cities. In addition, LI operates 323 after-sales maintenance centers and authorized car body and painting centers in 223 cities.

When Internet companies such as Baidu and Xiaomi went off to build cars one after another, the war of new energy vehicles intensified. Regarding the cross-border showstopper, Li wants to speak frankly about the car, saying that the car sales can’t be faked, and the final development depends on the final product.

Although LI is speeding up its running, will Li Xiang’s Flag fall down under many skinny realities?

"Ideal" meets the cold reality

Although the ideal delivery volume since 2023 has been leading the new domestic car-making forces, LI still considers 2023 as "Alexander". In particular, the head car companies headed by Tesla started a price war, which caught the industry off guard.

However, as a "hardware for traffic portal, software for charging service", Tesla model seems to bring new imagination space for new energy vehicles.

When the income of Tucki XPILOT software and Weilai NIOPILOT software increased, Li Xiang declared: "The new Li ONE autopilot is standard, and the future ideal will not charge for autopilot".

"With the development of smart cars, there will be more and more usage scenarios for users and more and more business models." Li wants to put his hopes on another possibility of business model innovation, but it needs to be built on the basis of ownership.

Che Gewana once said, let’s be loyal to our ideals and face reality. On the increasingly crowded track, Li wants to be loyal to his ideals, but he also needs to face reality: the day after tomorrow of new energy vehicles is beautiful, and today is very difficult. The key is whether he can survive tomorrow.

Some references in this article:

1. LI, Sorry for the Old Car Owner, Sina Technology.

2. Li Xiang with Ideal, Taber.com.

3. "The listing price of LI and Hong Kong is HK$ 118, which is 21.3% lower than the suggested subscription price", Caixin.com.

5. "LI’s second-quarter earnings revenue increased significantly, and the decline in US stocks reflected investors’ concerns", interface news.

6. Ideal sells crazy, but it can’t relax its vigilance. Connect sight.

Original title: The 22nd China North International Bicycle Electric Vehicle Opening Ceremony.

On March 28th, the audience visited the bicycles on display in the bicycle exhibition area.

On the same day, the 22nd China North International Bicycle Electric Vehicle Exhibition opened in Tianjin Meijiang Convention and Exhibition Center. The theme of this exhibition is "innovation, openness, low carbon and multi-sources", with a total exhibition area of over 100,000 square meters. More than 800 exhibitors have brought a number of new achievements and new products in the industry around industrial scientific and technological innovation, cycling culture promotion, international cooperation and exchange, and activities to benefit the people and facilitate the people. The exhibition scope includes bicycles, electric vehicles and parts, baby carriages, leisure products for the elderly, new energy and green vehicles, etc. The exhibition will last until March 30.

Reporter Zhao Zishuo photopagebreak

On March 28th, the audience visited the bicycle frame on display in the bicycle exhibition area.

On the same day, the 22nd China North International Bicycle Electric Vehicle Exhibition opened in Tianjin Meijiang Convention and Exhibition Center. The theme of this exhibition is "innovation, openness, low carbon and multi-sources", with a total exhibition area of over 100,000 square meters. More than 800 exhibitors have brought a number of new achievements and new products in the industry around industrial scientific and technological innovation, cycling culture promotion, international cooperation and exchange, and activities to benefit the people and facilitate the people. The exhibition scope includes bicycles, electric vehicles and parts, baby carriages, leisure products for the elderly, new energy and green vehicles, etc. The exhibition will last until March 30.

Reporter Zhao Zishuo photopagebreak

On March 28th, the audience experienced the bicycles on display in the bicycle exhibition area.

On the same day, the 22nd China North International Bicycle Electric Vehicle Exhibition opened in Tianjin Meijiang Convention and Exhibition Center. The theme of this exhibition is "innovation, openness, low carbon and multi-sources", with a total exhibition area of over 100,000 square meters. More than 800 exhibitors have brought a number of new achievements and new products in the industry around industrial scientific and technological innovation, cycling culture promotion, international cooperation and exchange, and activities to benefit the people and facilitate the people. The exhibition scope includes bicycles, electric vehicles and parts, baby carriages, leisure products for the elderly, new energy and green vehicles, etc. The exhibition will last until March 30.

Reporter Zhao Zishuo photopagebreak

On March 28th, the audience visited the exhibition.

On the same day, the 22nd China North International Bicycle Electric Vehicle Exhibition opened in Tianjin Meijiang Convention and Exhibition Center. The theme of this exhibition is "innovation, openness, low carbon and multi-sources", with a total exhibition area of over 100,000 square meters. More than 800 exhibitors have brought a number of new achievements and new products in the industry around industrial scientific and technological innovation, cycling culture promotion, international cooperation and exchange, and activities to benefit the people and facilitate the people. The exhibition scope includes bicycles, electric vehicles and parts, baby carriages, leisure products for the elderly, new energy and green vehicles, etc. The exhibition will last until March 30.

Reporter Zhao Zishuo photopagebreak

On March 28th, the audience visited the electric bicycle product quality and safety technology innovation center set up in the exhibition.

On the same day, the 22nd China North International Bicycle Electric Vehicle Exhibition opened in Tianjin Meijiang Convention and Exhibition Center. The theme of this exhibition is "innovation, openness, low carbon and multi-sources", with a total exhibition area of over 100,000 square meters. More than 800 exhibitors have brought a number of new achievements and new products in the industry around industrial scientific and technological innovation, cycling culture promotion, international cooperation and exchange, and activities to benefit the people and facilitate the people. The exhibition scope includes bicycles, electric vehicles and parts, baby carriages, leisure products for the elderly, new energy and green vehicles, etc. The exhibition will last until March 30.

Reporter Zhao Zishuo photopagebreak

On March 28th, the audience visited the electric vehicles on display in the electric vehicle exhibition area.

On the same day, the 22nd China North International Bicycle Electric Vehicle Exhibition opened in Tianjin Meijiang Convention and Exhibition Center. The theme of this exhibition is "innovation, openness, low carbon and multi-sources", with a total exhibition area of over 100,000 square meters. More than 800 exhibitors have brought a number of new achievements and new products in the industry around industrial scientific and technological innovation, cycling culture promotion, international cooperation and exchange, and activities to benefit the people and facilitate the people. The exhibition scope includes bicycles, electric vehicles and parts, baby carriages, leisure products for the elderly, new energy and green vehicles, etc. The exhibition will last until March 30.

Reporter Zhao Zishuo photo