Brand-new Buick GL8 Lu Zun, a new force of 250,000 MPV.


This is the first time that we have hit the entry price of Lu Zun to 269,900, just to let all users in China who are expecting MPV enjoy luxurious and comfortable MPV.

Haitao Xue, Deputy General Manager of SAIC-GM

For the first time, Buick entered the 250,000-yuan household MPV market.

On October 31st, SAIC-GM Buick brand-new GL8 Land Zun was officially launched, with three seven-seat models, namely, the first-seat version, the smart-seat version and the exclusive version, priced at 269,900 yuan ~ 339,900 yuan. At the same time, multiple listing rights were introduced, including replacement ceremony: up to 40,000 yuan; Purchase gift: 5,000 yuan; Financial gift: 24-60 low interest; Car maintenance ceremony: 5 maintenance times in 5 years; Traffic gift: smart screen in the back cabin of the basic car, free traffic; Upgrade courtesy: the exclusive version gives a smart screen in the back cabin, and the price is 6000 yuan.

Haitao Xue, deputy general manager of SAIC-GM, told "Qiuyan Finance" that "Buick used to sell high-end cars well. This time, we launched the first-class version, which is also the first time to hit the entry price of Lu Zun to 269,900 yuan. The final result depends on the market. " From the feedback of dealers, the first-to-enjoy version has attracted a lot of users’ attention.

If Buick’s brand-new GL8 Land Zun succeeds, it means that the king of the brand-new GL8 family will return. It is reported that the new GL8 Land Zun and the GL8 ES Land Zun models on sale are vertically switched, and the new GL8 Land Zun and the new GL8 Land Zun PHEV that exploded on the market have jointly impacted the MPV market.

Unlike Buick’s previous focus on the business market, the new GL8 Land Zun is aimed at the home market. Most of the reasons given by the car owners’ guests who appeared at the listing meeting were family needs, or travel/tourism needs of families with two children or extended families in it runs in the family.

Unlike GAC Toyota Saina, the new GL8 Lu Zun hopes to refresh the ceiling of luxury and comfort experience at the same level. The new GL8 Lu Zun inherits Buick’s deep accumulation in the MPV field, builds the "gold standard" of MPV industry in all dimensions such as design, comfort, quality, intelligence and safety, and realizes the new evolution of MPV king. Among them, the car has a total of 25 optimizations and upgrades in terms of humanized and comfortable configuration, high perception function, intelligent interconnection and intelligent driving technology, and many details of household needs are pursued to perfection in order to meet the full-scene car demand of high-end users.

Externally, the new GL8 Lu Zun follows the Buick PURE Design family design, and the front face adopts a matrix rhythmic light and shadow grille. The brand-new 2-meter-long penetrating light curtain split headlight supports six intelligent lighting modes, which echoes the penetrating taillights of crystal-penetrating cloud-level LED. The one-piece hidden door handle will automatically pop up when approaching the vehicle, and with the rhythm of Yun Qi Xuefei and the lighting pedal, it will make getting on the bus more ceremonial.

The new GL8 Land Zun has the gold body size that is most suitable for the urban roads and urban center scenes in China, with the length, width and height of 5219×1878×1807mm and the wheelbase of 3088mm respectively. The space of the trunk is flexible from 521 L to 1650 L, and the whole family can easily accommodate outings, picnics and camping. This size design not only meets the needs of users with spacious and comfortable seating space and abundant storage space, but also takes into account the convenience needs of narrow road traffic in urban areas and underground parking.

The new GL8 Luxun luxury configuration will not work, making the whole family travel more exquisite. The cockpit is extended with MPV classic seven-seat layout, and the second row is equipped with a brand-new Nappa leather feathered aviation seat, which meets the strict requirements of users for top luxury seats, such as "soft at first sitting, sedentary and not deformed for ten years", supplemented by six-way aviation headrest, electric leg rest, three-speed rapid heating/ventilation and other functions. The third row not only has the best spacious space at the same level, but also the seat back is newly upgraded with electric adjustment and one-button folding function, and is equipped with three rows of side window sunshade curtains to take good care of every member. The space inside the car also maximizes efficiency, so that children don’t bend over and adults don’t head.

The new GL8 Land Zun is equipped with a new generation of VCS intelligent cockpit, which has an EYEMAX 30-inch integrated cambered 6K screen, Qualcomm Snapdragon 8155 chip and 5G communication technology. At the same level, the only voice assistant with AI big model is introduced, which can be understood as soon as it is heard and answered with questions.

The new GL8 is the only one in its class equipped with a 15.6-inch smart screen in the rear cabin. The ceiling screen supports 5-speed electric adjustment and 0-150 manual adjustment. It can be controlled by touch control and Bluetooth remote control, supports Wi-Fi connection, Android and iOS wireless screen projection, and provides more than 1,000 kinds of APP downloads. It is equipped with the only 12-speaker Bose sound system in its class, and supports Bose Centerpoint? virtual surround technology, AudioPilot?2 noise compensation and other technologies. There are three independent intelligent air conditioners, co-pilot boss key, luxury folding small tables and iKey mobile phone keys.

The launch of the new GL8 LUZun will stir up and even expand the home MPV market in China.

Previously, Lu Xiao, general manager of SAIC-GM, pointed out, "As a mobile space for families, large SUVs are not the only choice. We look forward to having a better, high-end and family-oriented MPV. By then, the China MPV market capacity will not be the current annual sales of 1 million vehicles, and it may be 1.5 million vehicles or even 2 million vehicles in the future. "

Buick GL8 has experienced six iterations in the domestic market for 25 years. Among them, as the best-selling and most well-known model series in Buick MPV history, GL8 Luzun is the benchmark model leading the development in the luxury MPV market segment. Due to various reasons, in recent years, the sales volume of Buick GL8 declined, and in 2023, the MPV sales crown was handed over to Tengshi D9.

This year, with the launch of new products and a series of combination punches, Buick GL8 returned with glory, and its market share quickly rebounded to the first place in MPV market. In September this year, the GL8 family maintained a hot-selling state, and once again set a new monthly sales record for the whole year with the sales volume of 10,591 vehicles, ranking first in the MPV market. Among them, in September, the monthly retail sales of Buick GL8 was 4,368 vehicles, an increase of 18.4% from the previous month.

In September, the second millionth vehicle of GL8 family, the brand-new GL8 Luzun PHEV, rolled off the assembly line at the Jinqiao luxury car factory of SAIC-GM. This brand-new milestone (002219) marked that GL8 family became the first vehicle in the domestic high-end MPV market with production and sales exceeding 2 million vehicles.

Beiqi New Energy polar fox koala S interpretation price is also relatively close to the people.

The progress of China brand cars in recent years is obvious to all, and some excellent achievements have been made in both internal and external design and comprehensive performance. Today we brought this car. Next, let’s see if its highlights can attract you with Xiaobian.

Let’s take a look at the appearance of the polar fox koala S. The design of the polar fox koala S is very fashionable and simple, and it is very sporty. At the same time, the headlight presents a sharp design style and its shape is very eye-catching. The car is equipped with LED daytime running lights, automatic opening and closing, adaptive far and near light, delayed closing and so on. Come to the car side, the car body size is 4500MM*1870MM*1655MM, the car uses individual lines, the car side looks very young, with large thick-walled tires, smooth lines running through the whole car side. In the rear design, the tail line of the polar fox koala S is hard-core, and the taillight style is more domineering and stylish, creating a good gas field.

Sitting in the car, the interior of the polar fox koala S presents a spiritual design style, and the overall visual effect is very distinctive. The car looks very good outside the steering wheel, and it is equipped with functions such as manual adjustment of the steering wheel, which gives people an impulse to control it. Let’s take a look at the central control, with a 14.6-inch central control screen, which makes the interior style impressive and looks very eye-catching. Let’s take a look at the dashboard and seats again. The dashboard of this car presents a young and individual design style, which is very eye-catching. The car uses leather seats, equipped with functions such as electric seat adjustment and seat proportion tilting, and the overall ride feels soft and comfortable.

The polar fox koala S is equipped with a motor with a total power of 120KW and a total torque of 240N.m It has good acceleration, excellent cruising range and good power performance.

In addition, the car is equipped with driving mode selection, remote control key, Bluetooth key, traction control (ASR/TCS, etc.), factory interconnection/mapping, Bluetooth /WIFI connection and other configurations.

The SUV has an atmospheric appearance, good spatial performance and high cost performance. I wonder if you are interested in it. I believe this car will definitely give you and your family a good experience.

Audi Q6 price exposure? A review of the hot news of ES7′ s appearance in a week.

  [Aika Auto Weekly News Original]

  Because of the Tomb-Sweeping Day holiday, the car world seems to be a little deserted in the past week, but in fact there are still the latest news of many heavy models including SAIC Audi Q6 and Weilai ES7. In addition, Tesla Model 3 also started a large-scale recall because of process defects and major safety hazards in important components. It can be said that although the total amount of car news has declined this week, the importance of models and the popularity of news are not as bad as usual.

A review of the hot news in the car world in a week

  On a par with domestic long axis X5? ES7 real car appeared.

  Compare BMW X5 made in China. This is not what I said. This is what Qin Lihong, president of Weilai, said. Of course, he didn’t elaborate on where the comparison is. Is it pure product strength or price? Think about the starting price of domestic X5 in the early 600,000 s, it is not impossible that the price range of Weilai ES7 coincides with it. Perhaps it is unknown that the price of ES7 based on NT2.0 platform will surpass that of ES8, so you should wait and see.

A review of the hot news in the car world in a week

  Another 550 thousand yuan. I hope it’s true this time

  Before the domestic BMW X5 went on the market, there were rumors that the starting price was 550,000 yuan, and the final result was known to everyone. This time, the "starting price is 550,000 yuan", and the target is replaced by the domestic Audi’s highest-end SUV— — Audi Q6, however, is different from the domestic X5. Judging from this news source, maybe this price is really close.

A review of the hot news in the car world in a week

  Exposed with official spy photos of BJ60.

  The small upsurge of hard-core off-road SUV with tank 300 seems to have set off a second wave in 2022, and the listing of tank 500 has also stepped up the push to Beijing off-road which is proud of its off-road performance. The book strength of the three locks+four-wheel drive system is not bad. It is estimated that although the pricing of 200,000-350,000 yuan basically coincides with that of the tank 300, the size of the tank is 500. This move is slippery enough to play off-road in Beijing. I believe that BJ60 will have a battle with two "tanks" with enough people-friendly pricing and off-road hard power.

A review of the hot news in the car world in a week

  Smart Wizard #1 launches — — Why do I think of pure electric MINI?

  The pure electric MINI, which has been brewing for a long time, is still in still hiding half her face from us behind her guitar. The smart, which is also transforming into electrification, has seized the opportunity and released the pure electric compact SUV— — Smart wizard #1. The short rear suspension and flat top design of the new car has quite a MINI charm. Of course, smart Elf #1 also has quite a few eye-catching innovative designs, such as that nifty through taillight, which makes people unforgettable.

  In addition, the eye-catching power book data of this car is also quite expected. This size actually has a power output of 272 horsepower and a proper "small electric cannon".

A review of the hot news in the car world in a week

  The recall of Model 3 is a bit big.

  It’s too dangerous to suddenly stall and break down during high-speed driving! But this is the real experience of a Tesla Model 3 owner. Fortunately, people and cars are safe. Tesla also found out the reason in time after the accident (there were process defects in the power semiconductor components of the rear motor inverter), and then launched a large-scale recall, involving more than 120,000 vehicles. It can only be said that the owner is lucky, and Tesla is even luckier. Judging from the degree of accident risk caused by this failure, it is really scary.

A review of the hot news in the car world in a week

  Affected by the epidemic, Weilai officially revealed that vehicle production has been suspended.

  On April 9, Weilai Automobile revealed on its official App that the current vehicle production was suspended due to the epidemic situation. Li Bin, founder and CEO of Weilai Automobile, also responded that the shutdown was mainly caused by the shutdown of several supplier partners and the shortage of spare parts. The resurgence of the epidemic in Shanghai and other places has also touched the hearts of the people all over the country. I hope that the epidemic will subside as soon as possible, Shanghai will be unsealed as soon as possible, and normal production and life will be resumed.

A review of the hot news in the car world in a week

  In April this year, although the noise of the auto show was less, the heavyweight new car was not absent. As for next week, Lamborghini’s Huracán special edition model (probably the off-road camouflage car we reported before) will be released next Tuesday; Ford’s new generation of Mondeo, which is highly competitive, will be officially launched on Wednesday, April 13th, and the new Paris Di, a modern medium and large SUV, will also be launched on the same day. April 14th is even more exciting, and BMW electric flagship i7 will be unveiled on this day; On the other side of the ocean, the new york Auto Show will also kick off next weekend … … For all car enthusiasts, next week is not to be missed, so please continue to lock in Aika cars, and we will bring you the freshest and hottest Che Xun.

Wonderful content review:

Eletre released/BMW X5 went on the market for a week.

X5 will be listed/Wuling, and the ideal price adjustment will be reviewed in a week.

The price increase of new energy vehicles is coming! A review of the hot news of the car world in a week

Afternoon comment on A-shares: Shanghai stock index fell 0.29% in half a day due to shock adjustment. Media and game stocks were among the top gainers.

  The three A-share indexes collectively closed down in early trading. By midday, the Shanghai Composite Index was down 0.29%, the Shenzhen Component Index was down 0.46%, the Growth Enterprise Market Index was down 0.49%, and the Beizheng 50 was up 2.26%. The half-day turnover in Shanghai and Shenzhen stock markets was 488.7 billion yuan. More than 3,600 stocks in the two cities fell. Northbound funds sold 4.685 billion yuan in half a day.

  On the theme of the sector, media, games, optical modules and other sectors were among the top gainers; Agricultural machinery, auto parts and other sectors are floating green.

  On the disk, media and game stocks continued to strengthen, with (), () and () daily limit, () and () rising by over 5%. The concept of CPO was among the top gainers, () rose by over 14%, and () and () both had daily limit. Media stocks are active again and again, () up more than 15%, (), publishing media, Beijing culture daily limit. The Beizheng 50 Index rose more than 2%, and Liujin Technology rose more than 15%. The auto parts sector was among the top losers, with () down, (), () and () leading the decline. In addition, on the high standard, the word () recorded 6 consecutive boards, and Longban Media recorded 5 consecutive boards.

  Plate analysis:

  Straight flush hot stock list:

  Transaction review:

  At 09: 25, the A-share market opened, the Shanghai Composite Index opened 0.11% lower, the Shenzhen Component Index opened 0.16% lower and the Growth Enterprise Market Index opened 0.26% lower.

  At 09:26, the high-end stocks started to fall, and the words (), () and Weishi Electronics went down, and () and () went down one after another.

  At 09:27, the media and game stocks were active at the beginning, with Beijing Culture 2 being linked to the board, Wentou Holdings’ daily limit, Shanghai Film, (), () and () rising.

  At 09:29, Xinyada stepped out of six consecutive boards with a daily limit of over 500 million yuan.

  At 09:31, the Hang Seng Technology Index fell more than 1%, and the Hang Seng Index is now down 0.82%.

  At 09:32, the concept of small metal went down in the morning, () fell more than 5%, and (), (), (), (), () and so on went down one after another.

  At 09: 35, the concept of AIGC strengthened in early trading, () rose by over 13%, () rose by over 10%, (), (), Kunlun Wanwei and Danghong Technology rose by over 5%.

  At 09: 40, the concept of CPO rose sharply, and Guang Chen rose by over 11%, followed by Wufang Optoelectronics, Yuanjie Technology, (), () and ().

  09:42 Food stocks fluctuated and weakened, () fell by more than 7%, () and Huifa Food fell by more than 5%, and (), () and () fell by more than 3%.

  At 09:44, the Hang Seng Index fell more than 1%, the Hang Seng Index is now down 1.28%, and Yaoming Bio and China Merchants Bank fell more than 4%.

  At 09:49, the concept of retail fell, () approached the down limit, () fell more than 8%, (), (), (), () and so on all went down.

  At 09:58, the Beizheng 50 Index rose more than 3% against the market, while the daily limit of Huaxin Yongdao and Tianrun Technology was 30cm, while that of Liujin Technology, Luqiao Information and Guoyuan Technology rose more than 15%.

  At 10:12, the volume of Huaxia Ophthalmology dropped by 14%. In the news, Su Qingcan, the chairman of the company’s announcement, was detained by the Shanghai Supervision Committee for personal reasons.

  At 10:13, the main contract of lithium carbonate hit the daily limit, with an increase of 6.99% to 95,600 yuan/ton.

  At 10:15 (), it rose by more than 6% in intraday trading, and the turnover exceeded 2.4 billion yuan.

  At 10:21, the pork plate bottomed out, and (), () and () rose by more than 5%, while (), () and () surged in succession.

  At 10:23, the concept of computing power leasing was divided in intraday trading. (1) The daily limit, Hengxin Dongfang, (2) and (3) followed up, (2) the daily limit, (3) and (3) followed down.

  At 10:38, the concept of optical module continued to strengthen, with Guang Chen hitting a daily limit of 20cm, Ruiruikangda and Wufang Optoelectronics reaching a daily limit, and (), () and Zhongji Xuchuang all went higher.

  At 10:48, the concept of auto parts fluctuated and went down. Changchun Yidong hit the limit, Tianlong and Shenglong shares fell more than 8%, and Yunnei Power, (), () and () fell more than 5%.

  At 10:50, the main contract of soda ash futures increased to 9%, and it is now reported at 2260 yuan/ton.

  At 10:51, real estate stocks bottomed out and rose, () daily limit, (), (), (), (), () and () followed suit.

  News:

  1. WTI crude oil futures fell below the integer mark of $70/barrel for the first time since July 4th, with a drop of more than 3%.

  WTI crude oil futures fell below the integer mark of $70/barrel for the first time since July 4, with a drop of more than 3%.

  2. SpaceX, a space exploration company owned by Musk, will trade shares at a valuation of more than $175 billion.

  SpaceX, Musk’s space exploration company, will trade shares at a valuation of more than $175 billion. (Sina Finance)

  3. Tesla plans to restart the Shanghai Phase III factory project, and the energy storage products will be supplied to China.

  According to LatePost, Tesla is planning to restart the construction of the third phase automobile factory in Shanghai. Tesla disclosed in April this year that it would build a new energy storage battery factory with an annual output of 40 GWh in Shanghai, which will be put into operation in the second quarter of next year. At that time, it did not mention the expansion of the automobile factory. Besides, Tesla’s energy storage battery products, which will be produced in Shanghai next year, will be sold in China. At present, the Shanghai factory energy storage project has recruited the person in charge of research and development, and is recruiting the person in charge of sales.

  4. HarmonyOS Ecology ushered in an important breakthrough in the catering field. Many enterprises started the development of native applications in HarmonyOS.

  According to the China Securities Journal, on December 6th, McDonald’s China and Huawei reached a cooperation agreement in HarmonyOS, officially announcing that McDonald’s China APP will start HarmonyOS native application development based on HarmonyOS NEXT. With more than 5,500 restaurants in China market, more than 200,000 employees and more than one billion customers each year, McDonald’s China has become the first large-scale chain catering enterprise in the world to start the development of HarmonyOS’s native application. The McDonald’s China APP officially announced the launch of the native application development in HarmonyOS, which means that HarmonyOS Ecology has made a major breakthrough in the catering field. At present, Meituan, Qunar, Sina, Nail, Ant Group, Xiaohongshu, 58 Group, Bili Bili and Gaode Map have started the development of native applications in HarmonyOS.

  5. Ministry of Industry and Information Technology: Promote the coordinated development of "Double Gigabit" and accelerate the layout of intelligent computing facilities.

  According to Guan Wei of the Ministry of Industry and Information Technology, on December 6, the Ministry of Industry and Information Technology held a symposium of the National Communications Administration and a symposium on information and communication supervision. The meeting emphasized that the information and communication industry is a strategic, basic and leading industry of the national economy. It is necessary to persist in promoting the modernization of the industry, continuously consolidate and enhance the competitive advantage and leading position of the industry, persist in empowering the digital transformation of the real economy, and consolidate the technology, network, application, market and security foundation of services to support new industrialization, and play a greater role in promoting new industrialization and building a modern industrial system. It is necessary to speed up the optimization and upgrading of new information infrastructure, promote the coordinated development of "double gigabit", speed up the layout of intelligent computing facilities, optimize the internet architecture, and improve the green and low-carbon level of information infrastructure. It is necessary to speed up tackling key core technologies, promote the R&D and innovation of 6G technologies, and build a modern industrial system of information and communication. It is necessary to deepen the empowerment of integrated applications, issue guidance on the high-quality development of industrial Internet, promote the "100 million" action of 5G factories, and accelerate the industrial "intelligent transformation from digital to network". Support platform enterprises to expand consumption scenarios, empower manufacturing and enhance international competitiveness. It is necessary to strengthen the network and data security system and capabilities, strengthen the construction of technical support capabilities, improve the data security management level of the industry, and promote the innovative development of the network and data security industry. It is necessary to further promote the construction of a new industry supervision system, improve the all-round, multi-level and three-dimensional supervision system, improve the supervision of the whole chain and all fields before and after the event, actively and orderly promote the opening up of the industry, and further promote the construction of work style and rectification work.Deepen the supervision of key areas such as APP. Improve the emergency communication plan system and command system, and ensure communication services for major events and emergencies.

  6. CITIC Securities: Google Gemini model was released, and AI entered the multi-modal era.

  Citic Securities Research Report pointed out that recently, Google announced the release of a new generation of large model Gemini, which once again triggered the market’s continued attention to the artificial intelligence industry. As the first multimodal model released by Google and the world, Gemini model is the first model to surpass human experts on MMLU in performance. According to the volume, the model is divided into three versions: Gemini Ultra, Gemini Pro, and Gemini Nano, which support cloud and edge measurement. At the same time, Google simultaneously released the latest version of the computing chip TPU v5p, which is 2.3 times more cost-effective than the previous generation TPU v4. We believe that the official release of multimodal Gemini model can not only broaden the application scenarios, but also bring about the continuous upgrading of computing power requirements. We continue to be optimistic about the prospects of the subsequent AI industry, and believe that the release of subsequent GPT-5 models will also bring more catalysis.

  7. Western Digital issued a price increase letter. It is expected that the cumulative price increase of NAND chip products in the next few quarters will be 55%.

  According to Taiwan media quoted by Cailian, Western Digital (WD), the world’s fourth largest storage NAND Flash supplier, sent a price increase notice letter to customers, emphasizing that the price of NAND chip products will rise periodically in the next few quarters, and the expected cumulative increase is 55%. This wave of NAND chip quotation is unstoppable. At this stage, the industry is optimistic that the quotation will stop falling and rebound. Compared with the current situation in which suppliers and customers individually notify to adjust the quotation, Western Digital sends a price increase letter to customers, and the expected price increase is amazing, opening the first shot of a comprehensive price increase in the industry.

  8. The EU is about to reach a landmark artificial intelligence supervision bill.

  According to Reuters, quoted by Sina Finance, people familiar with the matter said that the EU is about to reach an agreement on the supervision agreement on artificial intelligence, which may be the most extensive and influential in the West. Negotiators have agreed to control a series of generative artificial intelligence tools such as ChatGPT of OpenAI and Bard of Google. Representatives from the European Commission, the European Parliament and 27 member states reached a compromise at the meeting that began on Wednesday afternoon and lasted for several hours, which brought the parties closer to reaching a formal agreement on a broader legislation, namely the Artificial Intelligence Act. In the absence of any meaningful action by the United States, this move will set the tone for the supervision of generative artificial intelligence in developed countries. For months, policymakers have been trying to finalize the wording of the Artificial Intelligence Act and try to get it passed before the European election in June next year.

  9. General Administration of Customs: China’s foreign trade import and export increased by 1.2% in November this year.

  The General Administration of Customs announced today that in November this year, the total import and export value of China’s goods trade was 3.7 trillion yuan, up 1.2% year-on-year, and the steady and positive trend of foreign trade was further consolidated. According to customs statistics, in the first 11 months of this year, the total import and export value of China’s goods trade was 37.96 trillion yuan, which was basically the same as that of the same period last year. Among them, exports reached 21.6 trillion yuan, up 0.3%; Imports reached 16.36 trillion yuan, down 0.5%. In the month of November, the import and export was 3.7 trillion yuan, up 1.2% year-on-year; Exports were 2.1 trillion yuan, an increase of 1.7%; Imports reached 1.6 trillion yuan, up 0.6%.

  10. Ministry of Science and Technology: It will study and form the scheme of high-speed maglev test line with a speed of 600 kilometers per hour.

  According to Zhongxin. com, the Ministry of Science and Technology issued the Reply to Recommendation No.2199 of the First Session of the 14th National People’s Congress in official website. The Ministry of Science and Technology said that it will actively support the basic research of magnetic levitation power technology based on the "14 th Five-Year Plan". For example, in the key special project of "transportation equipment and intelligent transportation technology", we will continue to support the research on the engineering technology of high-speed maglev transportation system and the integration technology of operation system, and study and form a high-speed maglev test line scheme with a speed of 600 kilometers per hour and a complete set of commercial operation solutions to provide scientific and technological support for the development of high-speed maglev transportation in China.

A real tank 300 owner, driving 10 thousand kilometers of tank 300 car experience to share with everyone!

"I finally know what cyber violence is about. I’m not a professional car critic, but a real car owner. From the perspective of actual car use, I shared my experience of driving a 1wkm tank 300 car with you. 1. The fuel consumption is a bit high. I rarely travel far in this car, and it’s basically the suburbs of the city, with a comprehensive fuel consumption of 18-19, not the 13 shown.

Some people may not believe it. On January 7th, I added Sinopec 92#460 yuan. At that time, it showed that the mileage was 9,488 kilometers. When I ran to 9,820 kilometers, it suggested that there was a shortage of oil. After running for about 320 kilometers, I calculated that the fuel consumption was 19.45 liters, which was barely acceptable, because I only ran for more than 300 kilometers every month. If you use the car for a long time, you need to calm down.

2, when I bought a car, I also had a restless cross-country heart, but I was more distressed after actually getting the car. Except for going to the small dirt road in the village, I have never been cross-country. After all, a car with more than 20 W is also very distressed for petty bourgeoisie families. If you have a lot of cars at home, forget it. If there is only one scooter like me, you have to think about it.

3, the comfort of passing some potholes is not good enough, which is much worse than mpv and cars of the same price. The elderly and children are very uncomfortable in the car, and the non-loaded body is shaking very much, which I can accept.

I just said some real car experience, but I didn’t expect to be attacked in reality … I really convinced these network keyboard men, and welcome you to come to the field to test whether my mileage and refueling amount are true. You always talk about supporting domestic production.

However, I used the actual car action to prove that in 2017, I bought a manual transmission Haval m6, which was 9.48w, and landed nearly 11 W. However, after driving for three months, the Haval m6 dropped to more than 6w, and after losing so much, I still raised 300 yuan. My friends around me advised me not to buy it, but I still bought it. I didn’t do anything that made people angry. I just shared my real car experience. In reality, I was reviled by text messages and phone calls. Today I will say the last one.

Tank 300 is actually a product invested by consumers who like hard-core off-road and don’t have such a high budget. There are many advantages and disadvantages, and any vehicle exists, not to mention a hard-core off-road with more than 20 W. It is not a bad thing to share the advantages and disadvantages of a car and give consumers a better car purchase suggestion. Online joint venture brands can be scolded casually, but we can’t say that our own brands are not good. It is unpatriotic to worship foreign things and flatter foreign countries.

2023 Guangzhou Automobile AION V Complete Evaluation Report

  As a heavy model put into the compact SUV market by GAC Aian, AION V is built on the second-generation GEP pure electric platform, with sci-fi avant-garde design, good spatial performance and configuration level, and its product competitiveness is very strong. In the previous survey of "100 car owners evaluating new cars" for the 2023 Guangzhou Automobile AION V, the new car was widely praised in terms of appearance, configuration level and interior, but some consumers also reported that the vehicle had problems such as "not delivering the car according to the contract".

First, the basic information of vehicles

  1. Comparison of configuration parameters of the same model: the configuration performance is more honest.

  Through configuration comparison, it is not difficult to find that the overall performance of the 2023 GAC AION V is not bad. Although the configuration level of the entry model is relatively general, it can still meet the needs of daily use. Up-to-date, including comfort, technology and safety configuration, the threshold is not too high, and it is basically decentralized to the middle-equipped models, which is very friendly to consumers and has a large choice. In addition, configurations such as front parking radar and automatic parking are given the opportunity to be installed even if they are not standard in the original factory. Consumers don’t have to be too entangled, and the practice is quite kind.

  2. Comparison of configuration parameters of competing models: the overall performance is bright.

  Although there are many choices of pure electric compact SUVs on the market at present, there are not many models that overlap with GAC AION V in terms of price and can form a direct competitive relationship. In the end, I chose SAIC Volkswagen ID.4 X, GAC Mitsubishi Arturo AIRTREK and GAC Toyota bZ4X with medium SUV positioning. In comparison, the performance of the four models in the configuration link is remarkable. GAC AION V is mainly comprehensive, with no special highlights, but it can’t find obvious shortcomings.

Second, the quality reliability

  As of press time, Chezhi.com has accepted 54 complaints from Guangzhou Automobile AION V, including 20 complaints about pure quality problems involving 39 fault points. Among these complaints, body accessories and electrical appliances account for the largest proportion. In the previous quality reliability survey of "100 car owners evaluating new cars", car owners still gave a more objective evaluation of their quality reliability. Among them, the proportion of car owners who gave a "very satisfied" evaluation was 24.6%; Car owners who expressed "satisfaction" accounted for the highest proportion, reaching 53.6%; The proportion of car owners who say "average" is 20%, while the proportion of car owners who clearly say "dissatisfied" is 1.8%. On the whole, the quality and reliability performance of Guangzhou Automobile Aian AION V has reached the expectations of the interviewed car owners.

Third, after-sales service satisfaction

  As of press time, Chezhi. com has accepted 39 complaints about service problems of Guangzhou Automobile AION V, among which there are relatively many complaints about promises not being fulfilled, which are embodied in "not delivering the car according to the contract" and "not fulfilling the sales promise".

  As of press time, the manufacturers have all responded to 54 complaints received by Chezhi.com about GAC Aion V. From the data point of view, manufacturers are more active in solving the problems that consumers have in the process of purchasing and using vehicles. For the problems raised by consumers, manufacturers will communicate with the 4S shop where the owner is located and contact the owner to enter the store for inspection and maintenance.

Fourth, the cost of car use

  1. Power consumption: The performance is basically in line with expectations.

  For consumers, since the date of purchase, more expenses are concentrated on daily maintenance and use costs. In view of the daily maintenance and electricity consumption of the 2023 Guangzhou Automobile AION V, Chezhi. com collates the data published by several major automobile websites for consumers’ reference:

  Based on the statistical data of the Ministry of Industry and Information Technology and the vertical websites of various automobiles, it is concluded that the actual power consumption of the owners of 2023 Guangzhou Automobile AION V is slightly higher than that of the Ministry of Industry and Information Technology.

  The 2023 GAC AION V can enjoy a four-year or 150,000-kilometer vehicle warranty. The initial warranty period of AION V is 5000km or 3 months, and the project is the routine inspection of the three power systems. Carry out routine maintenance every 10000km; The replacement cycle of air conditioning filter element is 20000km;; The replacement cycle of antifreeze and brake oil is 40000km;; The gear oil replacement cycle is 60000km. In the survey of "100 car owners evaluating new cars", nearly 90% of the questionnaires think that the repair/maintenance cost of Guangzhou Automobile Aian AION V meets expectations and is within a reasonable range.

V. Road Test Report

  In terms of power, GAC AION V is equipped with a three-in-one high-efficiency electric drive module, and different adjustable motors and batteries are available. Take the 80 Smart Collar Edition as an example. It is equipped with a front single motor with a maximum power of 165kW and a ternary lithium battery with a capacity of 80kWh. The NEDC cruising range is 600km. Although the power parameters are unremarkable, it is quite skillful in adjustment, excellent in ride comfort performance, dense in starting acceleration power and easy to control, which is very suitable for a compact SUV with home positioning.

Sixth, user word of mouth

  In the car channel of "Guangzhou Automobile AION V", a total of 12 people participated in the scoring activity, of which 10 people gave a four-star rating and 2 others gave a five-star rating. In the comments, some car owners summed up the advantages and disadvantages of the 2023 GAC AION V in use, which can provide more real and comprehensive reference opinions for other consumers.

  In the user’s word of mouth, most car owners are satisfied with the design and comfort of the 2023 GAC Aion V. As a pure electric compact SUV for the home market, the design of GAC AION V is sci-fi avant-garde, and the power adjustment is quite smooth, and the driving experience is very comfortable. However, some car owners have complained about the car system of Aeon V.

Seven, plus points

  1. Collision safety

  At present, the 2023 Guangzhou Automobile AION V has not participated in the C-NCAP crash test, so the safety of the car can not be supported by data.

  2. Recall history

  Judging from the data currently available, GAC AION V has not been recalled in Chinese mainland. Although the absence of recall does not mean that the quality of the vehicle has reached perfection, it at least proves that the manufacturer has determined that the current vehicle has no hidden problems that affect the safety of driving and property.

Huawei releases HarmonyOS 4: More fun, smoother and safer.

[China, Dongguan, August 4, 2023] HarmonyOS 4 was officially released at today’s Huawei Developers Conference 2023(HDC.Together). Since its release in 2019, HarmonyOS has been user-centered. After more than four years of development, HarmonyOS has built a brand-new intelligent ecosystem, which has completely changed the interactive way of intelligent terminals.

chatu

Since its release, HarmonyOS has completed the layout of ecological construction step by step with more equipment, more applications and more meta-services. Nowadays, there are more than 700 million smart devices in HarmonyOS. HarmonyOS 3 has brought distributed technology to more devices and scenarios. Distributed communication allows networks among devices to be shared, and meta-service universal cards make it easier to obtain services. HarmonyOS 4 insists on stability, smoothness and safety, and advocates that users should fully display their personalities and let everyone play freely and together.

He Gang, chief operating officer of Huawei Terminal BG, said: "Because of the new experience upgrade brought by HarmonyOS 3, the system upgrade rate has increased from 77% of HarmonyOS 2 to 85%, which has rejuvenated many existing devices. HarmonyOS operating system continues to lead the innovative experience in four aspects: distribution, meta-service, security and fluency. Today, HarmonyOS will bring you a new experience with more wisdom and personality. "

Personalized themes are customized to create an exclusive HarmonyOS experience.

The digital world has changed people’s way of life, bringing convenience to everyone, but also providing people with more space to show their individuality. HarmonyOS 4 adds new visual and interactive experiences such as personalized theme, interesting mood theme, panoramic weather wallpaper and personalized dial, allowing users to fully display their personality and express their emotions.

two

Personality themes such as "artistic protagonist" and "fashion album" use composition, color, pattern and other elements to build a wallpaper full of artistic beauty, which makes the equipment look brand-new and meets the needs of users to show their individuality; "Poster Font" introduces 6 fonts of screen lock time, which makes the screen lock have more personalized settings; Panoramic weather wallpaper moves more realistic weather scenes into the wallpaper and locks the screen, and can also switch the display screen according to the user’s viewing angle, so that the user can feel the weather change between hands.

Through a large number of user surveys, HarmonyOS 4 brings richer, more playful and more three-dimensional expressions, and adapts local elements. Users can also choose appropriate expressions according to the current mood and make interesting and unique mood wallpapers.

three

HarmonyOS 4 also brings many interesting new features to the watch. The "blooming dial" that blooms gradually according to the number of steps encourages users to step by step, while game dials such as Astronaut and Shiba Inuya provide more choices for leisure time. Rotating the crown can control the actions of the characters in the game and turn the watch into a wrist game machine.

Huawei theme App also specially customized a free full-scene theme for HarmonyOS 4, and the dynamic lock screen of three-dimensional inflation wind echoed the main vision of HarmonyOS 4. This theme also contains a variety of creative and interesting components, which can be experienced in mobile phones, tablets, watches and other devices.

Efficient access to information, services at your fingertips.

HarmonyOS was born in the increasingly prosperous era of mobile ecology, which is in line with the current intelligent, convenient and efficient interactive needs. HarmonyOS 4 improves the efficiency of information processing through a brand-new notification center and live window, and comprehensively optimizes the super transfer station, super desktop and small art to help users live and work efficiently. The expansion of the meta-service universal card ecology makes the service more and more convenient to reach.

four

Modern people receive a lot of news every day, and news notices, commodity advertisements and message reminders are full of notice columns, so it is easy to ignore or miss valuable news. Based on this, HarmonyOS 4 visually optimizes the notification center, making the information structure clearer and the priorities clear at a glance. The newly added live window can present the real-time status of the application at any time, and bring a complete and continuous and efficient experience to users through two forms of capsules and cards. For example, for take-away applications, the status of "eating, picking up and delivering" can be displayed in real time, avoiding the notification screen, and allowing users to obtain information efficiently and intuitively.

On the smart watch side, the crescent moon window designed in combination with the watch shape can surround the check-in counter, take-out process, travel license plate number and other information at the upper right of the dial through a strong reminder, so that users can get important information by raising their hands.

Users can also slide right into the negative screen on the desktop of mobile phones and tablets to view more real-time service status, which is more convenient and efficient.

The universal card has always been the most efficient interactive way for HarmonyOS to obtain information and services. Users can see the instantly refreshed service information on the card, such as hot information and food list. With the participation of more and more eco-partners, HarmonyOS provides more and more universal cards to users, especially news and information, convenient life, travel and other categories, and the service is more and more convenient.

HarmonyOS not only has such an efficient information processing method as universal card, but also has the important ability of cross-end circulation.

The efficient flow of information has been further strengthened in HarmonyOS 4. The super transfer station supports more applications and scenarios, and adds practical functions such as file preview and clipboard historical content query to help users collect fragmented information better. Not only mobile phones, but also super transfer stations support tablets and PCs, making cross-device sharing very convenient.

five

Based on the powerful distributed capability of HamonyOS, the content flow of HarmonyOS intelligent cockpit has also had a better experience, supporting more devices and scenarios. Multi-screen sharing allows front and rear passengers in the car to watch movies simultaneously; Transfer the game on the mobile phone to the car, and you can play mobile games with the big screen in the car; When operating a drone, you can also use the cockpit screen as a large display screen with the help of the super desktop, and you can easily control the drone by sitting in the car through the cockpit screen.

Brand-new small art, "big" is different

HarmonyOS 4 has a more powerful intelligent assistant, Xiaoyi. Empowered by the AI ? ? big model, Xiaoyi continues to strengthen in three directions: intelligent interaction, productivity improvement and personalized service, and becomes a smarter, more capable and more caring intelligent assistant.

six

With a stronger natural language understanding ability, users can communicate with Xiaoyi in more daily expressions based on their own speaking habits and intuition. If they want to use the panoramic weather wallpaper added by HarmonyOS 4, they only need to ask Xiaoyi "How to change a wallpaper with weather effect" or "Can you set the mobile phone wallpaper with real-time weather", and Xiaoyi can understand it. Not only that, Xiaoyi can understand the content of the picture and process it, such as recognizing the address on the poster and navigating with one button.

Xiaoyi not only greatly improves her understanding ability, but also has the function of summarization and copywriting-assisted creation, which makes content creation more effective. Relying on the multi-modal large model technology, Xiaoyi can also realize the function of "fun pictures" and personalize and stylize the existing images for secondary creation. Xiaoyi is also a smart assistant who knows users better, and can help users record inspiration or important events and provide search and reminder functions. Xiaoyi suggestion has upgraded the scene combination card function, which can perceive more high-frequency scenes of users and actively generate different xiaoyi suggestion cards.

Smooth upgrade, double protection

HarmonyOS 4 adopts a brand-new Huawei Ark engine, which can significantly improve its capabilities in graphics, multimedia, memory, scheduling, storage and low power consumption. Compared with the previous generation system, the sliding fluency of HarmonyOS 4 is improved by 20%, and the battery life is increased by 30 minutes. The response speed of many common operations has also been greatly optimized. For example, the camera startup speed has increased by 57%, and users have a smoother experience in payment, navigation and other scenarios.

seven

Huawei has always been committed to creating a pure and safe application environment for users and being the guardian of application security. HarmonyOS 4 makes the risk warning more visible, the risk application more controllable and the protection always online through a series of security functions such as brand-new application control center and application tracking management.

eight

For children’s users, HarmonyOS 4 also brings security protection including pure and undisturbed, game anti-addiction, payment behavior control, application content grading, etc., to create a healthy computer environment for children. Parents can also help their children use electronic products more reasonably through the remote guardian function.

nine

On August 4th, starting from the day of HDC.Together conference, Huawei will launch public Beta upgrade for 34 products including HUAWEI Mate 50 series, HUAWEI P60 series, HUAWEI Mate X3 and HUAWEI MatePad Pro 12.6 inches, and at the same time launch pollen beta recruitment for 35 products including HUAWEI P40 series, HUAWEI Mate 30 series, HUAWEI nova 9 and HUAWEI nova 10. In addition, in the second half of 2023, Huawei will launch HarmonyOS 4 adaptation updates for Huawei’s smart meters, smart screens, routing and other products. There will be more equipment upgrades in 2024. Consumers are welcome to participate in the upgrade and experience the new HarmonyOS 4.

How to improve the battery life of Huawei’s HarmonyOS system mobile phone How to improve the battery life of Huawei’s HarmonyOS system mobile phone [detailed explanation]

  HarmonyOS system was introduced by Huawei, and many friends have updated their experience. Dear friends may not know how to improve the battery life of Huawei HarmonyOS system mobile phones. Xiaobian is very happy to solve this problem for everyone, and then I will provide you with an analysis of the method of improving battery life. Xiaobian hopes that this method can help you.

  1. After upgrading, the equipment with fast power consumption needs to be "digested"

  After the upgrade, some self-optimization and adaptation actions of the system may lead to the machine heating and fast power consumption. It is safe to use it, and it will recover itself after a period of time. It is recommended to charge for more than one hour during the idle time, and the system will be optimized once during the charging period to ensure the rapid adaptation of mobile phone applications.

  2. Self-starting management is unnecessary and not self-starting.

  Self-startup is allowed by default after the application is installed. If there are many self-startup applications, they will also consume power when running in the background, and unnecessary applications can be turned off for self-startup to extend battery life.

  Set the path: enter the mobile phone housekeeper APP→ Application startup management → Turn off all automatic management, only set the necessary applications as automatic management, such as instant messaging applications, mail applications, etc., and other non-essential applications are not allowed to have background activities.

  3. Turn on the off-screen display and touch display mode.

  Touch display mode means that the off-screen pattern will be displayed only after touching the screen. Compared with turning on the off-screen display all day, the battery life will be correspondingly increased under touch display. The opening method of touch display mode: setting → Desktop and wallpaper → Off-screen display → Display mode → Touch the display.

  4, low battery mode to extend the battery life.

  When the power of your equipment is low and there is no way to replenish it in time, you can start the low power mode (or power saving mode), and the system will automatically optimize the operation and extend the battery life of the equipment.

  Opening method of low battery mode (or power saving mode): Set → Battery → Low battery mode (or power saving mode).

  Does the answer that Xiaobian brings to you solve your troubles? If you feel helpful, please pay more attention to IT encyclopedia.

How does the change of supply and demand in palm oil market affect futures value? What are the rules for these changes?

Palm oil, as one of the most important edible oils in the world, its market supply and demand changes have a far-reaching impact on the futures value. It is very important for investors and market analysts to understand these changes and their laws.

First of all, the supply of palm oil mainly depends on Southeast Asia, especially Malaysia and Indonesia. Palm oil production in these two countries accounts for more than 80% of the global total. Therefore, any factors that affect the production capacity of these two countries, such as climate change, policy adjustment or labor market fluctuation, will directly affect the supply of palm oil. For example, extreme weather conditions such as drought or flood may lead to a decline in production, thus pushing up palm oil futures prices.

Secondly, on the demand side, palm oil is widely used in food processing, biofuels and cosmetics. Global economic growth, population growth and changes in consumer preferences will all affect the demand for palm oil. For example, with the increasing global demand for renewable energy, the demand for palm oil in biodiesel production is also rising. This increase in demand usually pushes up the price of palm oil futures.

The impact of supply and demand changes on the futures value of palm oil can be displayed more intuitively in the following table:

factor Supply impact Demand influence Futures value change climate change reduction of production No direct influence rise Policy adjustment Production restriction increase in demand rise economic growth No direct influence increase in demand rise consumer preference No direct influence Demand change wave

In addition, the supply and demand changes of palm oil market still have certain seasonal laws. For example, November to February is the peak of palm oil production, because this period is the rainy season in Southeast Asia, which is conducive to the growth of palm fruit. On the contrary, June to August every year is the low yield period, because this period is the dry season, which is not conducive to the growth of palm fruit. This seasonal change will also lead to periodic fluctuations in palm oil futures prices.

Finally, global trade policies and geopolitical factors will also have a significant impact on the palm oil market. For example, the adjustment of tariffs, the change of trade agreements or the political instability of major producing countries may all lead to the imbalance between supply and demand in the market, thus affecting futures prices. Therefore, investors need to comprehensively consider these macroeconomic and political factors when analyzing the palm oil futures market.

In a word, the change of supply and demand in palm oil market is a complex and multi-factor driven process. Through in-depth analysis of these changes and their laws, investors can better grasp the market dynamics and make more wise investment decisions.

(Editor in charge: difference extension)

[Disclaimer] This article only represents the author’s own views and has nothing to do with Hexun. Hexun.com is neutral about the statements and opinions in this article, and does not provide any express or implied guarantee for the accuracy, reliability or completeness of the contents. Readers are requested for reference only, and please take full responsibility. Email: news_center@staff.hexun.com.

His net worth has shrunk by 200 billion. How does "Mr. Twitter" Musk tell the Tesla story well?

Author | Wang Yajun  

Cover Source | Douban Entry  

On January 26th, Beijing time, Tesla released the latest financial report: in the fourth quarter of 2022 (hereinafter referred to as Q4), the revenue increased by 37% year-on-year to US$ 24.318 billion, and the net profit increased by 59% year-on-year to US$ 3.687 billion, both hitting record highs and exceeding market expectations.  

During the period, Tesla’s vehicle production and delivery both reached new highs: Q4 produced 439,701 vehicles and delivered 405,278 vehicles, up 44% and 31% respectively.  

On the first trading day after the financial report was released, Tesla closed up nearly 11% and its market value returned to 500 billion US dollars.  

DanielIves, a well-known Tesla bull and Wedbush analyst, believes that Q4 in 2022 will be "one of the most important financial reports in Tesla’s history" because its dominant position in the electric vehicle market is facing new resistance in the past few years.  

Before the financial report was released, Tesla took the lead in the unprecedented price reduction promotion in the domestic market on January 6, and then spread the price war to the United States, Europe and other places. Musk said in the earnings conference call that he saw the strongest order in Tesla’s history in January, and the current number of orders is almost twice the production capacity.  

In 2023, Tesla gave a delivery target of 1.8 million vehicles in the financial report, an increase of 37% compared with 2022, which was lower than the previously set long-term target (an annual increase of 50%). However, Musk is also optimistic that if there is no external interference, 2 million cars may be produced and sold in 2023.  

The price of cars has dropped, but the growth rate of delivery has slowed down.  

In Q4 of 2022, Tesla, the "price butcher", once again showed the cutting edge of price reduction.  

Since October, 2022, Tesla has successively reduced prices in China and North America. Musk’s goal is to sell all the cars produced in Q4 that year and usher in an "epic year-end".  

However, due to the small price reduction, the effect of exchanging price for quantity is not satisfactory. Tesla delivered a total of 405,300 vehicles in Q4, with a year-on-year growth rate slowing from 71% in the same period of last year to 31%, and a year-on-year revenue growth rate of 37%, a record low in the past two years. MarkDelaney, an analyst at Goldman Sachs, believes that Q4′ s delivery data is "an increasing negative factor".  

 In Q4 last year, Tesla’s output exceeded the delivery by 34,423 vehicles, and the annual difference was 55,769 vehicles. In 2022, Tesla delivered a total of 1,313,800 vehicles, which failed to reach the annual target (1,404,100 vehicles), and the throne of the annual new energy vehicle sales crown was also taken away by BYD.  

As the most profitable new energy vehicle company in the world, Tesla’s net profit growth rate slowed down obviously in Q4 last year, even less than Q2, which was affected by epidemic and supply chain.  

The price reduction promotion also lowered the gross profit margin. Tesla Q4′ s gross profit margin was 23.8%, down 3.6 percentage points from the same period of last year and 1.3 percentage points from the previous month, hitting a new low in nearly seven quarters.  

  In the face of the decline in profitability brought about by price cuts, Musk believes that Tesla can get compensation from autonomous driving.  

In a Twitter space discussion at the end of 2022, Musk said that the value of a car that can drive automatically is much higher than that of a non-self-driving car. Even if the profit margin is extremely low when selling a car, it can be upgraded to automatic driving. It can bring a lot of income. "Only Tesla can do this."  

FSD(FullSelf-Drive) brought Tesla $324 million in revenue in Q4. Tesla has released a beta version of FSD to almost all customers in North America, and the number is about 400,000.  

In addition to the slowdown in growth and the decline in gross profit margin, Musk, as the soul of Tesla, was also distracted by Twitter.  

Musk proposed to acquire Twitter in April 2022 and entered the company in October. After the acquisition, Musk reduced his holdings of Tesla shares worth nearly $23 billion. KoGuanLeo, the third largest individual shareholder of Tesla, said that Musk gave up Tesla and Tesla had no CEO.  

The cold winter of Q4, together with Twitter nightmare, has impacted Tesla’s market value and Musk’s net worth. As of the close of the last trading day in 2022, Tesla’s share price fell by more than 50% in the fourth quarter. Affected by this, Musk became the first rich man in history to lose $200 billion.  

  

Weakened first-Mover advantage  

Behind the slowdown in delivery, revenue and net profit growth is Tesla’s insufficient demand challenge in Q4. According to the financial report, Tesla Q4′ s global inventory supply days reached 13 days, up 225% year-on-year, the highest in the whole year.  

Bernstein, an American investment research institute, said that the price reduction of Tesla’s promotion in China and the United States in 2022 means that Tesla may have a demand problem.  

The long gap period of models is one of the important reasons for the decline in Tesla demand. In 2022, the combined delivery of Model3 and ModelY accounted for 94.92% of Tesla’s total annual delivery, but the release time of these two models should be traced back to 2016 and 2019 respectively.  

Merrill Lynch once predicted in a report that by 2025, Tesla’s American electric vehicle market share will drop from the current 70% to 11%, because Tesla did not expand its product portfolio quickly enough, while traditional car manufacturers and new forces making cars are improving their product lineup. Standard & Poor’s Global Mobile also believes that although Tesla is still the best-selling electric vehicle brand in the United States, its competitors are launching more and more affordable models, and Tesla’s dominant position in the electric vehicle market is being weakened.  

During the gap period of Tesla models, the pattern of new energy vehicle market in China has also changed greatly. According to the data of the Association, the market share of BYD’s new energy passenger cars increased from 19.5% in 2021 to 31.7% in 2022. In the same period, Tesla decreased from 10.7% to 7.8%. Wei Xiaoli also broke through the annual delivery of 100,000 vehicles in 2022, and plans to launch more models.  

 

At the same time, Tesla’s technological aura is gradually eclipsing.  

Tesla’s brand power is centered on the exploration and landing of new technologies, especially the combination with FSD. Musk also predicted that "autopilot software will become Tesla’s most important profit point", but FSD has never achieved true full autopilot. According to the calculation of CITIC Securities, from 2019 to 2021, the revenue of FSD accounted for 3.4%, 2.8% and 1.7% respectively.  

Will the price war last?  

At the beginning of 2023, Tesla cut prices sharply on a global scale.  

On January 6th, all the models on sale in Tesla China market were reduced in price, with a drop of 20,000 ~ 48,000 yuan, and the promotion was unprecedented. The following week, Tesla spread the bonfire of price war to Japan, South Korea, North America, Europe and other places.  

Price reduction is a double-edged sword. Daniel, the aforementioned Wade Bush analyst, believes that Tesla’s price reduction may increase the global delivery this year by 12% ~ 15%. Deutsche Bank predicts that Tesla’s gross profit margin will drop by 3 percentage points in 2023 compared with 2022.  

At the earnings conference call, Tesla did not release the expectation of continuing to exchange prices. Musk said that Tesla raised the price slightly because the demand after the price reduction far exceeded the output. On January 24, Tesla raised the price of the ModelY dual-motor all-wheel drive model sold in the United States by $500. Tesla CFOZachKirkhorn also said in the earnings conference call that the gross profit margin of automobiles will be higher than 20% this year.  

Tesla’s price reduction action is bound to cause a rebound of competitors. Haitong Securities believes that Tesla will increase market sales by reducing prices, announcing that the electric vehicle industry will officially enter fierce competition in 2023, and global car companies will face great pressure to compete head-on.  

On January 13, AITO asked the community to announce that the price of some of its models would be lowered by 28,800 ~ 30,000 yuan. On January 17th, Xpeng Motors, which is still at a loss, announced that it would adjust the price of its G3i/P5/P7 models, with an overall decrease of 20,000 ~ 36,000 yuan.  

The day after the official announcement of price reduction, He Xiaopeng, chairman of Xpeng Motors, said at the annual summary meeting, "Either you are brilliant enough with everyone, or you will die with a bang".  

BYD, which did not follow the price cut, launched a million-class luxury car the day before Tesla’s domestic price cut in an attempt to get more cakes in the high-end market.  

In the face of rivals who are chasing after each other step by step, Tesla urgently needs to find new sales growth points.  

FranzvonHolzhausen, chief designer of Tesla, said on January 16th that Cybertruck, a pure electric pickup truck, had finished the design and was ready to put into production. The market generally believes that if Cybertruck can be listed as scheduled, it will become a new growth point for Tesla in the North American market in 2023.  

Cybertruck; Source: Tesla official Weibo  

 Musk said in the earnings conference call that Cyberruck may start production in the summer of 2023, but the real mass production work will begin in 2024, and Cyberruck’s contribution to profits will not be great this year.  

Cheap models are another sales growth point besides Cybertruck. Musk predicts that the cost of the next-generation car platform will be half that of the second-generation platforms (Model3 and ModelY), and its output may be higher than the sum of all the company’s current products.  

Tesla said in Q4 financial report that more details of the next-generation car platform will be released on March 1, 2023, Investor Day. Analysts of venture capital firm LoupVentures believe that Tesla’s affordable model Model2 will not be launched until 2024.  

In addition, Tesla has to consider the impact of the macro environment.  

In a Twitter discussion at the end of 2022, Musk believed that the severity of the economic recession in 2023 was equivalent to that in 2009, which would affect the demand for automobiles and lead to an increase in the consumption cost of automobiles. However, in the earnings conference call, Musk also said that the economic recession will reduce Tesla’s costs, which in turn will bring higher profit margins. However, he stressed that this was only his guess.  

Twitter is also a variable that Tesla will face this year. In December 2022, Musk launched a vote on whether he should step down as CEO of Twitter. 57.5% of users thought he should resign, but Musk still serves as CEO of Twitter.  

In the earnings conference call, Musk "showed off" his Twitter account with 127 million fans, and said that Twitter created demand for Tesla. At present, Musk has renamed his Twitter account "Mr. Twitter".  

Competition in the industry has intensified and the first-Mover advantage has diminished. In 2023, Tesla will still face severe challenges.