On Monday, local time, US stocks continued to rise, and the three major indexes collectively closed up. The Dow was six consecutive years, and the S&P and Nasdaq once again set a 15-month high. Technology stocks performed well, with Apple and NVIDIA hitting record closing highs, while Tesla rose more than 3%.

　　In the news, US Treasury Secretary Yellen said on Monday that the US labor market and inflation data made her optimistic about the prospects. "I don’t expect a recession, and we are on the road to reducing inflation." This has boosted the market’s confidence in the economic prospects of the United States to some extent.

　　In addition, the Goldman Sachs research report pointed out that in view of the good performance of the recently released US economic activity and inflation data, the possibility of the US economy avoiding recession in the next 12 months has increased. Therefore, Goldman Sachs lowered its forecast for the possibility that the United States will begin to fall into recession in the next 12 months, from 25% to 20%. In addition, although the Federal Reserve is expected to raise the benchmark interest rate again next week, it may be the last in a series of interest rate hikes that began last year.

　　It is worth noting that the Q2 earnings season of US stocks officially begins, and the market will face a test in the next few days. Whether the previous rise is a continuation of the strength of US stocks or investors rushing to run, corporate earnings reports will give an answer.

　　In terms of individual stock news, Microsoft welcomed the new progress in the acquisition of Activision Blizzard. The British Anti-monopoly Court of Appeal ruled that the trial of Microsoft’s appeal against the ban on Microsoft’s acquisition by the British regulators was suspended, arguing that the case could be postponed "conditionally", paving the way for Microsoft and Blizzard to find an alternative to the veto by the regulators. This means that the last "roadblock" of British regulators is no longer enough to pose a threat to the transaction.

　　However, a person familiar with the matter said that although the transaction is likely to be reached, the completion time of the transaction may be later than the original deadline this Tuesday.

　　Buffett’s Berkshire Hathaway disclosed on Monday that it significantly reduced its holdings of Activision Blizzard in the second quarter, and its position fell to about 14.7 million shares, a decrease of 70.2% from the 49.4 million shares held at the end of the first quarter. Berkshire’s shareholding ratio has shrunk sharply from 6.3% at the end of the first quarter of this year to 1.9%.

　　In terms of energy, crude oil soared due to the news that Saudi Arabia "extended its voluntary production reduction to the end of December 2024". WTI crude oil once rose to $76/barrel, and Brent crude oil once returned to the $80/barrel mark. Later, it retreated all the gains announced by this false news. WTI crude oil closed down 1.53% to $74.08/barrel, while Brent crude oil closed down 1.47% to $78.

　　[overnight U.S. stocks]

　　Among the large-scale Chinese stocks, Alibaba fell by 1.20%, Baidu rose by 0.30%, Netease rose by 0.84%, Tencent Music fell by 2.83% and Pinduoduo fell by 0.49%.

　　Among the large American technology stocks, Apple rose 1.73%, Amazon fell 0.83%, Google A fell 0.61%, and Nye soared 1.84%.

　　[global index]

　　In the European stock market, the FTSE 100 index in Britain fell slightly by 0.38% to 7406 points. The French CAC40 index fell 1.12% to 7292 points. Germany DAX index fell slightly by 0.23% to 16,069 points.

　　[global goods]

　　The main contract of WTI crude oil closed at $74.11 per barrel, down 1.74%; The main contract of Brent crude oil closed at $78.56 per barrel, down 1.64%; The main contract of crude oil in the previous period closed at 573.10 yuan per barrel overnight, down 0.83%.

　　Overnight, the Shanghai gold main contract closed up 0.22% to 455.70 yuan per gram; The main contract of Shanghai Bank closed down 0.12% to 5809.00 yuan per kilogram.

　　[overnight news]

　　"Saudi Arabia will extend its voluntary production reduction measures until the end of 2024"? Oolong news makes oil prices "jump up and down"

　　On the evening of July 17th, a news that "Saudi Ministry of Energy said it would extend the voluntary production reduction measures to the end of 2024" triggered a huge earthquake in the crude oil market. Both American oil and oil distribution rose by over 2%, and European energy stocks followed suit. However, news came out soon, and the media withdrew this report, calling it the old news on June 4. Brent crude oil and WTI crude oil retreated all their gains within 25 minutes, dropping about $1.5 per barrel. The long-short game of crude oil at the $80 mark is fierce.

　　US Treasury Secretary Yellen: The US economy will not decline and is on a "good track" to reduce inflation.

　　US Treasury Secretary Yellen said on Monday that the growth of the United States has slowed down, but the domestic labor market is still quite strong. She predicted that there would be no recession in the United States. Yellen said that she believes that the United States is on a "good track" to reduce inflation, and the labor market will not be significantly weak. Some commentators believe that Yellen’s statement is also the driving force behind the rise of US stocks on Monday.

　　The black sea food agreement is completely history? Russia says it no longer plans to negotiate.

　　Russia’s deputy representative to the United Nations said that the decision to terminate the agreement on the export of agricultural products at the Black Sea port was final, and no more negotiations were planned. On the same day, the Russian Foreign Ministry issued a statement on the agreement on the export of agricultural products at the Black Sea port, saying that the agreement will be suspended from July 18. The Russian Foreign Ministry pointed out that Russia opposes the extension of the agreement on the export of agricultural products at the Black Sea port, and officially informed Turkey, Ukraine and the United Nations Secretariat of the decision on the 17th.

　　Affected by this news, American wheat futures surged back, jumping over 4% and then turning down.

　　The new york Fed’s manufacturing index fell in July, but inflation cooled further.

　　The manufacturing index released by the Federal Reserve Bank of new york in July dropped to 1.1% from 6.6 in June, indicating that the manufacturing growth in the state has almost stopped, and economists expect it to drop to zero. Among the sub-indices, the price payment index dropped from 22 in June to 16.7, which is a sign that inflationary pressure has further cooled down.

　　[company news]

　　Microsoft’s acquisition of Activision Blizzard went further, but the deal may be postponed. Buffett reduced his shareholding in Blizzard by 70% in the second quarter.

　　Microsoft welcomed the new progress in the acquisition of Activision Blizzard, and the British Anti-monopoly Court of Appeal ruled that the trial of Microsoft’s appeal against the ban on Microsoft’s acquisition by the British regulators was suspended, arguing that the case could be postponed "conditionally", paving the way for Microsoft and Blizzard to find an alternative to the veto by the regulators. This means that the last "roadblock" of British regulators is no longer enough to pose a threat to the transaction.

　　However, a person familiar with the matter said that although the transaction is likely to be reached, the completion time of the transaction may be later than the original deadline this Tuesday.

　　Buffett’s Berkshire Hathaway disclosed on Monday that it significantly reduced its holdings of Activision Blizzard in the second quarter, and its position fell to about 14.7 million shares, a decrease of 70.2% from the 49.4 million shares held at the end of the first quarter. Berkshire’s shareholding ratio has shrunk sharply from 6.3% at the end of the first quarter of this year to 1.9%.

　　Tencent’s largest shareholder: It is estimated that the shareholding ratio will drop to around 24%-25% by the end of the year.

　　Prosus, the largest shareholder of Tencent Holdings and the Dutch subsidiary of South Africa’s Naspers Group, said that the proportion of its Tencent shares will be reduced by 2 to 3 percentage points every year, and it will drop to around 24%-25% by the end of this year. Naspers bought a third of Tencent’s shares for $34 million in 2001. In June last year, Prosus announced that it would slowly sell its Tencent shares to provide funds for stock repurchase.

　　Lilly announces complete report on new drugs for Alzheimer’s disease.

　　Lilly, a pharmaceutical giant, announced in official website on Monday that the latest complete results of phase III clinical trial TRAILBLAZER-ALZ 2 showed that donanemab developed by the company could significantly slow down the cognitive and functional decline of patients with early Alzheimer’s disease (AD).

　　According to the latest complete report, among people with mild cognitive impairment (MCI), iADRS (comprehensive evaluation of patients’ cognitive ability and daily self-care ability) shows that the clinical decline rate has slowed down by 60%, and CDR-SB score shows that the cognitive decline rate of patients has slowed down by 46%. This means that the curative effect of donanemab is much more obvious for this group.

　　Tesla’s board gave up $735 million in stock and cash awards to settle investor lawsuits.

　　Tesla directors, including co-founder Musk, agreed to return more than $735 million in stock and cash bonuses to settle the lawsuit filed by investors. The lawsuit accused board members of providing themselves with huge salaries through improper means. According to the document filed by the Delaware Court of Equity on July 14th, Tesla directors denied the existence of the misconduct alleged by investors, but said that they agreed to solve the case to eliminate the uncertainties, risks, burdens and expenses that may be brought about by further litigation.

　　Ford slashed the sales price of electric pickup trucks.

　　On Monday, local time, Ford Motor Company of the United States drastically lowered the price of F-150 Lightning. Among them, the entry-level model F-150 Lightning PRO, with the biggest drop, started at US$ 59,974 and fell to US$ 49,995, down by about 16%. The price reduction of other models is roughly 6%-14%.

　　[AI dynamic]

　　Server energy consumption has tripled, and the fierce AI competition is becoming more and more important for power competition.

　　According to the latest report released by Digital Information World, the energy consumption generated by data centers for training AI models will be three times that of conventional cloud work. It is estimated that by 2030, the power demand of data centers in the United States will increase at an annual rate of about 10%. Computing power is the foundation of the development of the AI world, and the bottleneck of computing power is electricity in the final analysis. With the increasingly fierce arms race for AI, the competition for electricity has become more and more important.

　　[financial calendar]

The "war" in the market has revived, and Geely challenges BYD Qin Plus: 70,000-plus battery life of 1370km, who is your dish?

Friends, the "war" in the automobile market is burning again!

The 100,000-class hybrid sedan market can be described as smoke everywhere.

In this "killing the sky" battlefield, two "protagonists" are particularly eye-catching: Geely Galaxy L6 and BYD Qin PLUS.

These two "fierce generals" are not vegetarians. Today, let’s take a look at who can "fight" better!

Appearance PK: sense of technology vs Longyan design

Geely Galaxy L6 can be said to be "drop-dead gorgeous".

Its closed grille is simply a "senior face", and the penetrating headlights are full of technology.

Look at the smooth body lines, it’s simply a "little wild horse" that scatters joy on the runway!

BYD Qin PLUS, on the other hand, is a "Dragon Face". The Dragonface family design is full of domineering, and the generous matte chrome decoration on the front face is a "dragon ready to go"!

Interior competition: sense of technology vs warmth

When you open the car door, the interior of Galaxy L6 is like a "small universe" in the future world.

The 13.2-inch vertical central control screen is simply a "giant mobile phone", and the Qualcomm Snapdragon 8155 chip has turned this "mobile phone" into a "supercomputer".

The interior of Qin PLUS gives people a feeling of "warm home", and the warm sun and brown color scheme is just like "the sun is shining all over the carriage".

Power PK: hybrid king vs pure electric powerhouse

Speaking of motivation, these two "big brothers" can have a chat.

The 1.5T hybrid system of Galaxy L6 has a maximum power of 287kW. What is the concept?

It is equivalent to 390 horses "having fun" in the car!

The Qin PLUS EV is pure electric power. Although the horsepower of the 150kW permanent magnet synchronous motor is slightly inferior, the instantaneous torque can definitely make you feel "electric pleasure"!

Endurance: Who is the "long-distance running champion"?

When it comes to endurance, Galaxy L6 is simply a "perpetual motion machine"!

According to official data, its comprehensive cruising range is as high as 1370km!

What is this concept?

You don’t have to refuel from Beijing to Guangzhou!

The cruising range of Qin PLUS EV is 610 kilometers, which is not as good as "perpetual motion machine", but it is enough for daily commuting and short-distance travel.

Price war: Who is more "civilian"?

Price is the king!

The price range of Yinhe L6 is 115,800-149,800 yuan, while the price range of Qin PLUS EV is 129,800-176,800 yuan.

But!

Here comes the point!

Recently, Galaxy L6 launched a "immortal" preferential policy, which can be as low as 70,000 yuan after integrating various rights and interests!

This is simply "punching a swollen face and filling a fat man"!

Who is your dish?

After watching the performance of these two "fierce generals", are you moved?

Is it attracted by the "high technology" and "long battery life" of Galaxy L6, or by the "dragon face" and pure electric power of Qin PLUS?

Or are you still waiting to see what other "dark horses" there are in the market?

Anyway, this 100,000-class sedan market is really "wonderful"!

What Xiao Bian wants to say is, don’t just look at the parameters when choosing a car, the most important thing is to suit yourself. Test drive is king! Try it yourself and see which car is more to your taste. Buying a car is a "big deal", but you can’t be careless!

Friends, which car do you think smells better? Welcome to leave a message in the comment area to discuss and share your views. Let’s talk about whether Yinhe L6 or Qin PLUS can "fight" better!

disclaimerThis article only represents personal views and does not constitute any investment advice. Be careful when choosing a car. Please refer to the actual test drive experience and official data.

Transferred from: shanghai securities news China Securities Network

　　SSE China Securities Network News (Reporter Li Lingxi)There are new moves. According to enterprise investigation, several changes have taken place in Shenzhen Tengshi New Energy Automobile Co., Ltd. (hereinafter referred to as Tengshi Automobile): the shareholding ratio of BYD Automobile Industry Co., Ltd. rose from 90% to 100%, Mercedes-Benz (China) Investment Co., Ltd., which originally held 10% of the shares, withdrew, and its former director Hans Georg Engel withdrew.

　　At the same time, Tengshi Automobile officially changed from a "foreign-funded company" to a "company", and its market subject type changed from the original "Sino-foreign joint venture" to "sole proprietorship". This also means that Tengshi Automobile has officially become a wholly-owned brand of BYD.

　　The reporter learned that in addition to the wholly-owned holding of Tengshi, it is not excluded that BYD will cooperate with Mercedes-Benz again in other sectors. In the future, the two sides may explore other cooperation opportunities in the field of new energy vehicles.

"A key link between the preceding and the following"

　　According to the data, Tengshi brand was first founded by BYD and Mercedes-Benz in 2010. At that time, both parties held 50% shares to establish a joint venture company.

　　In August this year, at the 2024 Tengshi Automotive Technology Day and Tengshi Z9GT Pre-sale Conference, Wang Chuanfu, Chairman and President of BYD Group, said that Tengshi was the first brand in China with equal equity and equal technology, and its brand name was shared by shareholders.

　　However, due to factors such as insufficient brand awareness and channel mismatch at that time, Tengshi’s development was not smooth for a long time after its establishment. Wang Chuanfu revealed that by the end of 2021, Tengshi had lost nearly 5 billion yuan in eight years.

　　In December, 2021, BYD’s shareholding in Tengshi increased from 50% to 90%, and thus launched a comprehensive renovation of Tengshi technology and products and the reform of independent operation of channels.

　　In May 2022, Tengshi launched the first luxury MPV Tengshi D9. It is reported that since its listing, Tengshi D9 has been the champion of MPV market sales for two consecutive years. In September this year, the delivery of the 200,000th Tengshi D9 was completed, and Tengshi D9 officially became the new energy luxury MPV with the fastest sales volume of 200,000.

　　In addition, BYD officially released Tengshi’s brand-new exclusive technology "Easy Tripartite" in August this year, and Tengshi Z9GT was unveiled as the world’s first model. According to Tengshi Automobile, since Tengshi Z9GT and Tengshi Z9 officially opened for pre-sale on August 20th, the average daily order volume has exceeded 1,500 vehicles.

　　In Wang Chuanfu’s view, today’s Tengshi has become a key link in BYD’s brand matrix, which has inherited the dynasty, ocean and equation leopard down and raised its hopes up.

　　The data shows that from January to August this year, Tengshi Automobile sold a total of 79,894 vehicles.

Speed up the layout of luxury brand market

　　At the 2024 Tengshi Automobile Technology Day and Tengshi Z9GT Pre-sale Conference, Wang Chuanfu expressed his optimism about China automobile brands entering the luxury car market.

　　He believes that the explosive growth of new energy vehicles has given China luxury brands a golden opportunity for development. At present, new energy vehicles have become the main force to expand the luxury market, and the penetration rate of China brand in the luxury market is accelerating.

　　Wang Chuanfu also talked about it, despite China.Automobile brand momentum is fierce in the domestic luxury market, but it is still far from enough to look at the global market.

　　In recent years, BYD has continuously improved its layout in the luxury brand market. In February this year, BYD’s high-end brand Wangwang launched its second model, Wangwang U9, with a price of 1.68 million yuan. On August 16th, the first delivery car for U9 customers was officially launched.

　　For Tengshi, in addition to creating its own technical "moat", BYD has also accelerated the pace of channel construction of the brand. This year, Tengshi fully opened its doors to attract investment and joined in, and adopted the channel strategy of "direct sales+dealer partners" to further accelerate the expansion of channel layout.

　　This time, BYD will take the last 10% equity of Tengshi Automobile held by Mercedes-Benz, which will undoubtedly open a new page for the development of Tengshi brand.

　　Some analysts believe that Tengshi, as a luxury brand owned by BYD, its product positioning is highly compatible with market demand. After BYD’s wholly-owned Tengshi, it can further concentrate superior resources and launch more high-quality models that meet the needs of consumers, thus enhancing the competitiveness and market position of Tengshi brand in the increasingly fierce competition environment of new energy automobile market.

One thing that impresses me about this car is that it doesn’t make a fool of itself in this era. It really refunds money. The pricing before it was said was really a slot, but the speed at which people reduced their money by 30,000 yuan is really speechless. I will make an account for you. Before the top is equipped with dual motors, it will land 32.5 with insurance, return 10,000 JD.COM cards and 30,000 points. Plus this time, it will be 30,000 yuan, which will be combined inside and outside.

Secondly, at first, this car didn’t hold a press conference for several hours like an Internet company. Although there is Baidu behind it, it is also an Internet company, but fortunately, those slots on Baidu’s search engine are not available in this car at all. With Geely’s joint operation, I think the advantage is that all the highlights of this car don’t exist on PPT, and all the points are supported by facts, vehicles and other big names. Why are you far ahead of your friends? It’s better to say something.

Author Gong Ao

● Four-wheel drive structure: basically the same.

　　　 As we all know, both Range Rover Sport Edition and Range Rover are equipped with full-time intelligent four-wheel drive system and powerful second-generation all-terrain feedback system. Users only need to choose the corresponding driving mode and control the throttle and direction, and the next difficulties and obstacles will be fully handed over to the vehicle itself to overcome. It’s like a fool’s camera. Even if you don’t know how to take pictures, you can still take wonderful pictures. However, do you know what kind of complicated four-wheel drive structure is hidden under this seemingly stupid operation knob?

"The Range Rover and Range Rover Sport Edition of this test drive all adopt this four-wheel drive structure."

　　　 First of all, let’s look at the Range Rover Sport Edition. It can be equipped with two full-time four-wheel drive systems. The central differential with strong off-road capability is a multi-plate clutch structure with low gear. By default, the system distributes the torque evenly in the ratio of 50: 50. According to the change of the combination of multiple clutches, the power distribution of the front and rear axles can be 100% respectively, and the electronic traction control system will also play an auxiliary role. Low gear ensures excellent off-road ability, and can provide 2.93:1 driving force at low gear.

"Range Rover Sport Edition can also be equipped with a four-wheel drive system with single-speed transfer case and +Torsen central differential structure."

　　　 The weak four-wheel drive system adopts the structure of Torsen central differential, and there is no low gear. The mass of this system is 18kg lighter than that of the previous system, and the ratio of front and rear torque distribution is 42: 58 by default. The setting slightly biased towards the rear drive aims to improve its driving pleasure. At the same time, in order to ensure off-road performance, according to the different road conditions and grip, Torsen differential can adjust the maximum distribution ratio of front and rear wheels to 62% and 78% respectively. Theoretically, this system is weaker than the first one in four-wheel drive performance.

　　　 The Range Rover adopts the first four-wheel drive system, and the two cars we tested this time also use this four-wheel drive system. It is worth mentioning that the above is only the middle part of the whole four-wheel drive system. In fact, in order to further optimize the traction and stability under extreme road conditions, consumers can also choose models with dynamic active rear axle limited slip differential (including Range Rover and Range Rover Sport Edition). The rear axle differential lock will form a powerful four-wheel drive system together with the first four-wheel drive system mentioned above.

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)

　　The giant panda is a national treasure, and the male panda with natural mating ability is a national treasure. At present, the number of male giant pandas with natural mating ability is very rare in captivity, accounting for less than 5% of the population. On the morning of February 29th, 2016, the 7-year-old male giant panda "An ‘an" belonging to China Giant Panda Conservation and Research Center successfully mated naturally for the first time in Ya ‘an Breeding Base, which indicated that another male animal with natural mating ability was added to the captive population of giant pandas.

　　An An was born at 7:29 on August 6th, 2008 in Ya ‘an Base of China Research Center for the Protection of Giant Panda. His father is Ling Ling and his mother is Cao Cao. Because of its high genetic value and male, the staff have great hope for its reproduction from birth, and at the same time give it special feeding and training. In 2014, "An ‘an" was sexually mature, and the giant panda breeding staff of China Conservation Giant Panda Research Center began to let it participate in the breeding plan and create opportunities to train its natural mating ability. Since 2014, "An ‘an" has been caged with 13 female giant pandas at the peak of estrus. With the increase of caging times, "An ‘an" has become more and more dominant and interested in the opposite sex. On February 27th this year, the staff arranged "An An" to the "Huamei" neighborhood of the female giant panda in estrus peak as planned, and "An An" began to show weak mating desire. After four long times of cage-closing, "An ‘an" finally began to erect his penis on the morning of February 29th and showed a desire to mate, and then successfully mated with the giant panda Huamei twice.

　　"An ‘an" has high genetic value in captive population and has natural mating ability, which will play a very positive role in improving the genetic structure and increasing the genetic diversity of captive giant panda population.

-auto market hot question and answer (No.280)

He Lun, Dean of Netcom Automotive Research Institute

In the 40 years since the joint venture between Chinese and foreign car companies, the market share of joint-venture brand passenger cars was as high as 85% in 2000, and it took 22 years to slow down to 50.1% in 2022. In September this year, the market share of mainstream joint-venture brands was only 25%, which was a cliff-fall. Whether joint venture car companies with 40 years of scenery will quit the historical stage and how joint venture car companies can save themselves has become a hot topic. On the other hand, self-owned brands are still in full swing, and even chewing gum brands can’t stand to build cars, and it is said that they will challenge Rolls-Royce. Some people ridiculed that Laoganma and Antarctic people are just around the corner. What is the big contrast?

Q: Why did the joint venture get to this point today?

A: First of all, they are too late and too slow in the field of intelligent cabin and intelligent driving.

For example, as early as 2016, I told Mullen, the newly-appointed president of audi ag, in an interview that your joint venture partner SAIC has released the first car-connected car in China, which is based on the zebra system developed independently, and the experience is quite good. Should Volkswagen learn from its partners? Mullen said that SAIC has strong strength in internet vehicles, and the two sides are also discussing cooperation issues. Later, when I met with Mullen’s successor, Diss, and Diss’s successor, Bloom, I focused on the serious backwardness of Volkswagen and even German car companies.

Imagine if Volkswagen actively cooperated with SAIC in this respect eight years ago and gave full play to their respective advantages. What would be the result today? Even if you keep trying and making mistakes, you can still accumulate considerable data, and data accumulation is very important for the development of intelligent cabin and intelligent driving technology.

At that time, however, the Germans didn’t seem to realize that the smart cabin would make China consumers fondle it, regarded it as a gesture of ostentation, and were somewhat careless about it. Moreover, they didn’t seem willing to cooperate with China to develop this kind of system. It was not until 2018 that they established a wholly-owned car system development company in China, but so far they haven’t seen any results. Perhaps the reason is that this company lacks iterative thinking on the Internet, and only develops software according to German standard process, which can’t keep up with the rapid iteration rhythm of China car and locomotive system.

It wasn’t until the market share dropped sharply that Germans realized that the smart cabin had become the new standard for trams in China, and China consumers liked it. However, this kind of software-based system usually needs user experience and feedback to be continuously improved and matured, and this development method is difficult to be compatible with the traditional German standard development process, and the development advantage lies in China. Therefore, Volkswagen quickly established joint ventures and cooperated with a number of China enterprises to develop related technologies, even giving people a feeling of being hungry.

The same is true for another new standard of trams-intelligent driving. Audi is the first manufacturer in the world to introduce L3-class driver assistance system. It has been almost seven years, but the result is that it got up early and caught a late episode. The reason is also that the local adaptive development speed is too slow. In the end, the domestic Audi A5L will use Huawei’s L2+++ class driver assistance system (see "What’s special about Audi’s new brand new car? 》）。

Q: Do you think the joint venture will catch up?

A: I think it is very difficult. Unless foreign partners let Chinese partners develop new cars according to China standards and China speed, they will never catch up, let alone surpass them.

I remembered an article I wrote 13 years ago, "Who was the initiator of the Great Leap Forward of electric vehicles? 》。 There is such a passage:

A few days ago, the head of an independent brand R&D department told me privately that they had signed a military order with the relevant government departments: electric vehicles and plug-in hybrid vehicles must be listed before the end of next year. Otherwise? He made a gesture to commit suicide.

Is it voluntary or is it difficult to violate military orders? Answer: Of course, military orders are difficult to violate.

However, the normal automobile development process will take at least three or four years, or with enough technical data accumulated, you just started to engage in electric vehicles. Can you finish the process? Answer: of course not, but you have to go public if you can’t finish it.

Isn’t this an experiment with users? Answer: No, we must ensure that the car is sold to ourselves and continue to go through the development process, otherwise, something will happen … (He made another gesture of committing suicide).

Then why don’t you make it clear to the relevant government departments that the automobile development process is not a joke? Answer: Of course, but they asked, if other enterprises can do it, why can’t you? We call it bragging. However, they said that those famous experts and scholars said that in the field of electric vehicles, we are at the same starting line with foreign countries, and some technologies such as batteries are still ahead, so we can completely overtake in corners. Now many multinational companies have electric vehicles, and we should be faster than them. Are these experts and scholars also bragging? So, we had to bite our teeth and sign.

How much did you invest? Answer: More than 10 billion yuan has been invested, and more than 20 billion yuan will be invested.

Think about it, it was 13 years ago. Now, what is the speed of development and application of new trams and related technologies and all kinds of bluffing tricks? The rapid iterative thinking of the Internet has gone viral, and cats and dogs are chasing after each other at all costs, and they are far ahead (see "The first bad style in the car circle: Speed is not fatal" and "The third bad style in the car circle: Far ahead, mainly relying on Mongolia"). Do foreigners have the courage to follow and surpass it? Even if the development speed keeps up, can you afford the price and the cost?

Q: It seems that the joint venture is really in a bad situation. Will things get better in the future?

A: In the short term, it will be terrible.

Nowadays, the traditional standards such as technology, quality, reliability, durability, supplier relationship, employee income and social responsibility brought by multinational giants are out of date, giving way to gaudy, plagiarism, low price is king, cutting corners, shoddy construction, endless mouth guns, crazy squeezing, giant babies running rampant, all kinds of spontaneous combustion, mental retardation, mental disability, black screen, crash, broken shaft and sprain. ","Safety and quality, the key to puncture the tram bubble? ","High-level intelligent driving ",the owner is a mouse that is upside down? ","Mouth guns and singing in the circle ").

In this crazy volume, the joint venture is subject to its own corporate culture, car-making concept and standard process. Naturally, it is run out of luck and it is not surprising that it is eliminated. But this is not a complete victory of independent brands over joint venture brands at all, but a war of all brands against all brands, a crazy roll of bad money driving out good money, and those independent brands that originally wanted to build cars in a down-to-earth way are doomed to be involved and unable to extricate themselves, and they can only resign themselves to fate.

Q: It’s really chaotic now. Internet companies, real estate companies, mobile phones, televisions and air conditioners are all doing trams, and some of them are still doing well. Even the show of making chewing gum has to be inserted into trams, but trams are still an overall loss-making industry, and the capacity utilization rate is serious. Don’t they know?

A: Hyun Mai’s car-making clearly shows two points: First, it knows this with them, but it believes that as long as you stand on the tuyere of the tram made by the relevant departments, you can fly even if you are a pig. Although the tram is a loss-making industry, it is still profitable. As for what kind of profit, you know (see He Lun: Don’t let the tram grow into a giant baby! 》）； Second, the technology and manufacturing threshold of domestic trams is very low. Anyone can play and be far ahead. Strong joint ventures can’t afford to play, and some people dare to play and can play.

This is an absurd scene, and the result must be a chicken feather.

Q: How can we change this situation?

A: The answer is actually very simple:

-gradually, but as soon as possible, cancel all kinds of subsidies and preferential treatment for trams, realize "oil and electricity have the same rights", turn off the blower on the tuyere, let the pigs with poor flying ability fall freely, and let the competition return to normal (see "Avoid changing lanes and rolling over, the countdown to" oil and electricity have the same rights "should begin? 》）；

-faithfully implement the laws and regulations on product and technical standards, quality standards, product recall, anti-unfair competition, anti-monopoly, advertising, supplier contracts, labor contracts, consumer rights protection, etc., and the missing or imperfect laws and regulations should be supplemented and improved as soon as possible so that violators will be punished;

-allow the media to supervise enterprises and their products by public opinion according to law, instead of arbitrarily banning them, so that unscrupulous products and enterprises have nowhere to hide.

There is only one purpose: to really let consumers compete with the normal market to decide the fate of products and enterprises.

But can it be done? At present, I can’t see it, because it’s too heavy to return. The deformed giant baby urged by hormones has grown up. Pushing it down is too costly and shocking. There are too many pigs flying, which will be ugly and dangerous for the people below. Perhaps, we should follow the traditional practice and wait for the "problem has reached the time when it must be changed"?

(Photo/Wen Netcom He Lun)

When Trump was unanimously supported at the Republican National Convention, Biden’s road to re-election was "dangerous".

According to CCTV news reports, on July 17th, local time, the White House said that US President Biden Covid-19 tested positive and would isolate himself.

At the same time, the top leaders of the Democratic Party have been exposed to join the "forced palace" team, including the leaders of the Democratic Party in the Senate and House of Representatives and the former chairman of the House Intelligence Committee, who have privately or publicly suggested that Biden withdraw from the election.

Some public opinion believes that Biden, who is under pressure physically and mentally, may be facing a major moment in his political career: to continue running or to give up. What choice should he make?

Higher health risks?

On 17th, White House Press Secretary AnnaKarina Jean-Pierre said in a statement that President Biden tested positive for Covid-19 after his first election campaign in Las Vegas.

According to the White House, before the test, Biden felt unwell and developed upper respiratory symptoms, including a runny nose and cough. Biden has taken the first dose of anti-Covid-19 drug Paxlovid.

According to the statement, Biden has been vaccinated and given a booster shot. At present, his symptoms are mild, and his respiratory rate, body temperature and oxygen saturation are normal.

The White House said that Biden would interrupt the follow-up campaign and return to his residence in Delaware to isolate himself, and in the meantime, he would continue to fully perform all the duties of the president.

"I feel good." Biden said when boarding Air Force One to prepare Leaving Las Vegas for Delaware. However, according to the reporter on the scene, he walked slowly when he stepped onto the gangway, grasping the guardrail tightly and stopping every few steps.

Biden was infected with Covid-19 in July, 2022, and recovered after a short period of recovery. It took more than half a month to recover.

According to public opinion, for 81-year-old Biden, reinfection with COVID-19 will put his health at higher risk. It is not clear how long his campaign will be interrupted.

A new wave of "persuading the tide to ebb"

Re-infection with COVID-19 has added to Biden’s eventful summer, and the greater pressure may come from a new wave of "persuasion and ebb tide" within the Democratic Party, and this time from the top.

According to sources, Schumer, the majority leader of the Senate, has privately persuaded Biden to withdraw.

Last Saturday, on the same day that former US President Trump was assassinated, Schumer went to Delaware to meet Biden.

According to people familiar with the matter, Schumer had an outspoken conversation with Biden. He thought Biden had better withdraw from the 2024 presidential election, which would be better for the country and the Democratic Party.

Another person familiar with the matter said that jeffries, the minority leader of the House of Representatives, also directly expressed similar views to Biden and suggested that he withdraw from the election.

According to another source, former Speaker of the House of Representatives Pelosi recently told Biden in a private conversation that polls showed that he could not defeat Trump, and if he continued to seek re-election, it might ruin the Democratic Party’s chance to win the House of Representatives in the November election. Biden refuted it on the spot.

Compared with Schumer, jeffries and others, the voice of California Congressman Adam Schiff is more noticeable.

On the 17th, in a statement to the Los Angeles Times, Schiff publicly called on Biden to deliver the baseball.

In the statement, he praised Biden, but admitted that he was "seriously worried" about whether Biden could defeat Trump. Biden should step aside to "ensure his political legacy," he said.

Schiff is by far the most heavyweight Democrat who has publicly urged Biden to abandon the election. He served as the chairman of the House Intelligence Committee and served as the chief prosecutor during the impeachment of Trump. He was a strong ally of the Biden administration in Congress. This year, Schiff is expected to win the Senate seat in the general election.

Some commentators said that at present, there are relatively few Democratic Party members (about 20) who publicly dissuade Biden, and more people just talk privately or put pressure behind the scenes, unwilling to publicly express their concerns about whether Biden’s age and physical and mental condition are enough for successful re-election. Schiff’s public voice may indicate a change in the situation. As a senior Democrat who has served in Congress for nearly 30 years and has close ties with top Democrats such as Pelosi, Schiff’s remarks may encourage others to stop hiding, but openly reveal their doubts and worries about Biden’s re-election campaign.

After the "voices" of several Democratic leaders were exposed, the outside world believed that the negative impact of the disastrous debate was still fermenting, Biden’s re-election prospects were once again in turmoil, and he himself would be under greater pressure.

Some polls have also brought Biden a heavy feeling. According to the latest poll released by the Associated Press -NORC Public Affairs Research Center on the 17th, nearly two-thirds of Democratic voters said Biden should withdraw from the election and nominate another candidate.

Facing a big moment?

According to American public opinion, Biden is facing an important moment in his political career: should he listen to the voice of his Democratic colleagues and give up the election?

However, the message from Biden is still complicated.

So far, although Biden has repeatedly insisted that he will never withdraw from the election, there are some signs that he seems to be leaving room for manoeuvre and considering the relevant possibilities.

In a media interview broadcast on the 17th, Biden said that if he was diagnosed with health problems, he would reconsider his candidacy.

According to a senior Democratic Party adviser who asked not to be named, Biden’s private dialogue with congressional Democrats is still going on, and he is willing to listen to opinions and show a more open attitude, instead of "stubborn resistance" as he did in public.

According to the consultant, Biden’s real position is still unclear, but he seems to be listening and his attitude is changing subtly. For example, he initially said that "Kamara (referring to Vice President Harris) can’t win", but later it became "Do you think Kamara can win?" It shows that he began to pay attention to how Harris can win.

However, Biden’s campaign team denied that the president was rethinking his candidacy.

White House spokesman Andrew Bates said in a statement on the 17th that President Biden told Democratic leaders in both houses of Congress that he would be the Democratic nominee and planned to win the general election.

At present, Biden is still supported by some influential figures in the Democratic Party, including the black caucus in Congress and progressive leaders, such as Vermont Senator Sanders and New York Congressman Cortes.

It is worth noting that after Trump was "attempted assassination", the Biden poll did not significantly lag behind Trump. The latest poll results of Reuters/Ipsos, polling agency "Five Thirty Eight" and Morning Consulting Company show that the assassination incident did not "empower" Trump, but he was only slightly ahead of Biden, and the gap between the two sides was only one or two percentage points.

At the same time, Biden’s allies are planning a pre-emptive nomination vote-an online roll-call vote is planned before the Democratic National Convention in August to nominate Biden as the Democratic presidential candidate. If successful, it is expected to frustrate any efforts to boycott Biden’s campaign.

The Rules Committee of the Democratic National Congress said that it will meet on July 19th to discuss the plan, and it will be finalized next week.

However, the plan was opposed by some party members, such as Schumer and jeffries, who pushed for delaying the implementation of the plan, believing that it would stifle the debate and prematurely block the possibility of any change in the Democratic candidates.

There are also views that for the Democratic Party, what is more crucial at present is how to try to bridge internal differences, rather than let the Republican Party use the "infighting" of the Democratic Party to show its image of unity and shape its victory.

(Edit email: ylq@jfdaily.com)

In the early morning of January 4, near a mining area in Hunchun City, Jilin Province, a Siberian tiger walked slowly in the middle of the road with blood on its front paws. The whole process was photographed by the monitoring of the police office. On January 5th, residents of the living area in the mining area told Jimu journalists that tigers had appeared near the mining area many times this winter, and this tiger killed a dog in the early morning of the 4th, and its front paws should be the blood of dogs. The relevant staff of the Northeast Tiger and Leopard National Park responded that it is temporarily impossible to determine whether this tiger is a tiger suspected of killing the Northeast Leopard in the near future because of the lack of high-definition video on the side of the Northeast Tiger.

Siberian tiger was surprised in the early morning of the mining area

Two surveillance videos show that at 0: 33 on January 4, a tiger slowly strolled from a distance on the motorway at the entrance of a mining area. When it walks under the camera, it can be clearly seen that there is obvious blood on its front paws. The surveillance video also shows that the camera "Wing Police Room 235" recorded this process.

Because there is still blood on the front paws of the Northeast Tiger, some netizens are worried about whether it is injured after watching the video.

On the afternoon of January 5, local citizen Mr. Hu (Hua surname) told Jimu journalist that the incident occurred near the gold and copper mine more than 100 kilometers away from Hunchun city, and the mining area was located in the Northeast Tiger Nature Reserve. In the early morning of the 4th, the tiger appeared at Xiamengang in the mining area, about 5 kilometers away from the living area. Just at 11 o’clock in the middle of the night on November 6 last year, the camera of "S-bend Police Room 231" near the mining area also photographed a tiger pacing slowly on the motorway, which is the upper gate of the mining area, near the living area.

"I sent these surveillance videos to my friend who is engaged in animal protection. She thinks that the tiger that appeared late at night on November 6 and early in the morning on January 4 is probably the same one." Mr. Hu said that he used to work in the mining area. When he drove back and forth between the mining area and Hunchun City, he had never seen the Northeast Tiger, only the Northeast Leopard, but many of his colleagues and nearby residents had seen the Northeast Tiger.

Residents say it killed a dog.

The boss who opened a canteen in the living area of the mining area told the Jimu journalist that there was indeed a Siberian tiger near the gate of the mining area in the early morning of the 4 th, and it also killed a dog in the gate. The blood on the front paw of the tiger in the monitoring should belong to that dog.

"We are a protected area here, and we can often see the Northeast Tiger." The boss said that he had traveled to Hunchun City by car before and had met the Northeast Tiger on the road. This winter, she felt that the Northeast Tiger would appear more frequently near the mining area. "It appeared in October and November last year, and it appeared again this time." She said that especially this time, the tiger killed a dog, and she was even more scared, and she didn’t dare to go out for a walk at night.

"During the day, everyone went to the mine from the living area, driving or riding motorcycles, which was also good. There were no fewer customers coming to the store to buy things. But at night, everyone dared not walk around. " She said.

I’m not sure if it’s the one that killed the leopard.

Hunchun is the center of the Northeast Tiger and Leopard National Park, with a high density of tigers.

According to Jilin Daily’s previous report, at 11: 00 pm on November 6 last year, the surveillance camera set up in the above-mentioned mining area captured the physical image data of the wild Siberian tiger. According to the early warning information of National Forestry and Grassland Administration National Testing and Research Center, this tiger is fierce. It was a tiger that injured people in Duhuangzi Forest Farm in Wangqing County in 2022. Everyone should be vigilant and try not to go out at night.

At 4: 50pm on December 31st last year, a local netizen "hitched a ride" and drove home for New Year’s Day. When he was 18km away from Lushan Road in the southwest of Hunchun, he suddenly found a Siberian tiger in the forest not far from the highway. According to this netizen, this is not the first time he has photographed the Northeast Tiger. The reporter noted that the above-mentioned mining area is also located near the southwest fork.

According to CCTV news reported on December 30, 2023, a rare case of Northeast Tiger preying on Northeast Leopard occurred in Hunchun, Jilin recently, and a No.112 Northeast Tiger has been locked as a suspected tiger. Then, is the Siberian tiger that appeared near the mining area in the early morning of January 4 this suspected tiger that preys on the Siberian leopard?

On January 5th, Jimu journalist contacted the relevant staff of Northeast Tiger and Leopard National Park about the appearance of tigers in the mining area on January 4th. He introduced that at present, there is no report from the mining area. Because of the lack of high-definition video on the side of the Northeast Tiger, it is impossible to see the pattern on it, and the identity of the tiger cannot be determined for the time being. It is uncertain whether it is the same as the Siberian tiger that appeared near the mining area last November, and whether it is a suspected tiger that recently preyed on the Siberian leopard.

As for some netizens who are worried that the Siberian tiger will be injured because of the blood in its front paws, the staff said that from the shape of this Siberian tiger, it is an adult Siberian tiger. The tiger walked steadily and walked a long distance, showing no signs of injury.

Manda Liu Yi, a journalist with extreme eyes.