[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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

　　A few days ago, Zhongtong, Yuantong, Shentong, Yunda and many other express delivery companies have issued the Notice on the Adjustment of the Distribution Fees of the Whole Network, announcing that the distribution fees of the whole network will be raised from today (September 1) to subsidize the income of couriers. The "delivery fee" means the "delivery fee", which is the income obtained by the courier to deliver the express from the outlet to the consumer. At present, what is the income of the courier brother? Look at the report that the reporter sent back from Guangzhou yesterday.

　　On August 31, the reporter visited a number of courier companies in Guangzhou and found that the courier brother began to meet the busiest season of the year. Zheng Wanqiang, who is engaged in express delivery in a Guangzhou express delivery company, told reporters that starting from September 1st, the company will increase the delivery fee of 0.1 yuan for each ticket, and 200~300 pieces can be delivered every day, and each ticket will increase the 0.1 yuan, which will make him a good income every month. Zheng Wanqiang, a courier of a courier company in Guangzhou, said that the rent was just (replenished) after making up seven or eight hundred yuan.

　　Not only Zheng Wanqiang, but also more courier brothers can enjoy the increase in income brought about by this round of fee increase. The reporter learned that the express delivery companies, such as Zhongtong, Yuantong, Shentong and Yunda, announced that they would increase the distribution fee of 0.1 yuan from September 1st. Just in July this year, seven central ministries and commissions jointly issued the "Working Opinions on Doing a Good Job in Protecting the Legal Rights and Interests of Courier Groups", pointing out that it is necessary to further implement the specific arrangements of the State Post Bureau on doing a good job in protecting the rights and interests of couriers and effectively enhance the legitimate rights and interests of couriers. For the delivery of some large-scale express delivery, the express delivery company has also made different adjustments. Tian Shanshan, manager of the personnel department of a courier company in Guangzhou, said that there are some areas with relatively high difficulty coefficient for the delivery of some large-sized couriers. For such couriers, we have also set up subsidies for special areas. On average, each courier can probably be promoted to a salary change of 1,000 to 1,500 yuan. Liang Wenhui, the general public affairs assistant of a courier company in Guangzhou, said that they will have a special fund of more than 200 million yuan, which will be mainly subsidized to our frontline courier brother. This special fund is basically aimed at the current income of courier brother, and some subsidies will be made to increase income.

　　The reporter learned that the courier brother group has strong work intensity and difficult working conditions. The increase in the courier fee will help to strengthen the confidence of the courier brother. Mr. Lai, a courier of a courier company in Guangzhou, said that the mentality of wanting to leave the company has dropped, and at least 1000 yuan has given them more rewards.

　　Shi Zifu, Harbor Business Watch

　　In the sub-field of matching in the same city, flash delivery is usually regarded as a leading participant in the industry. However, this market is highly competitive, and only the well-known SF City, JD.COM Hours and Dada Seconds are not small rivals.

　　On October 4th, Flash (FLX.US) was successfully listed on NASDAQ, with an issue price of US$ 16.5 /ADS and a total fundraising of US$ 66 million. As of 9: 38 EDT on October 8th, the stock price of Flash dropped to about US$ 15. According to Tianyancha, the domestic operation entity of Flash is Beijing Tongcheng Bing Technology Co., Ltd..

　　01

　　Achieve profitability in 2023.

　　Official website introduced that Flash Delivery is a one-to-one express delivery platform in the same city’s instant delivery industry, providing personal and corporate customers with special express delivery services on demand. The brand of Flash Delivery is FlashEx or Flash Delivery, which means instant delivery.

　　According to the data of iResearch, in terms of revenue in 2023, Flash is the largest independent on-demand express service provider in China. In 2023, the market share of Flash in China’s independent on-demand express service is about 33.9%.

　　Different from the delivery service provider that adopts the order consolidation mode, Flash initiated and always focused on the special delivery mode of on-demand delivery. For each order, Flash will assign a special Flash-Rider to pick up the order and deliver it to the recipient without merging multiple orders or changing hands on the route.

　　As of June 30, 2024, Flash has about 2.7 million registered riders, and its service coverage has been extended to 295 cities in China.

　　From 2021-2023 and January-June 2024 (hereinafter referred to as the reporting period), Flash Delivery fulfilled 158.6 million, 213.4 million, 270.7 million and 138.1 million orders respectively; In the current period, the company realized revenue of RMB 3,039.8 million, RMB 4,002.7 million, RMB 4,528.8 million and RMB 2,284.5 million respectively, and realized gross profit of RMB 189 million, RMB 259 million, RMB 395 million and RMB 257 million respectively, with gross profit margins of 6.2%, RMB 6.5%, RMB 8.7% and RMB 11.3 respectively.

　　It is not difficult to understand the reason for the increase in revenue, which is related to the increase in the company’s orders in the current period. In terms of net profit, flash delivery generated a net loss of 291 million yuan and 180.4 million yuan in 2021 and 2022 respectively, and realized a net profit of 110 million yuan (US$ 15.205 million) and 124 million yuan (1702.0) in 2023 and January-June 2024 respectively.

　　For the realization of profit in 2023, the flash payment is attributed to the increase of other income caused by the increase of government subsidies. In 2023, other income from flash delivery was 74.3 million yuan (US$ 10.2 million), compared with 9.2 million yuan in the same period in 2022.

　　In the revenue composition of Flash-Riders, the salary and incentive paid to Flash-Riders are the biggest components of the company’s revenue cost. During the reporting period, it was 2.751 billion yuan, 3.614 billion yuan, 3.975 billion yuan and 1.951 billion yuan respectively, accounting for 90.5%, 90.3%, 87.8% and 85.4% of the total income of the current period respectively.

　　In addition, the attention of the outside world is high. During the reporting period, the average income of a single order delivered by flash was 19.2 yuan, 18.8 yuan, 16.7 yuan and 16.5 yuan respectively, showing an obvious downward trend. Although the order volume is rising, the continuous decline of single income is still likely to affect the overall operating performance of the company.

　　02

　　Downgrading various fees, more than 8,000 complaints.

　　The operating expenses of flash delivery include sales and marketing expenses, general and management expenses and research and development expenses. In the total cost, sales and marketing expenses account for the vast majority.

　　According to the prospectus, the sales and marketing expenses of flash delivery mainly include: advertising and marketing expenses, staff costs related to sales and marketing functions, rent and depreciation, and advertising expenses mainly include endorsement fees and advertising fees. During the reporting period, the sales and marketing expenses of flash delivery were 272 million yuan, 240 million yuan, 188 million yuan and 89.738 million yuan respectively, accounting for 8.9%, 6.0%, 4.2% and 3.9% of the corresponding income respectively.

　　General and administrative expenses of flash delivery mainly include: salaries and related costs of employees engaged in general company functions, professional fees and other general company expenses, as well as expenses related to the use of facilities and equipment. During the reporting period, the company’s general and administrative expenses were 113 million yuan, 103 million yuan, 105 million yuan and 45.505 million yuan respectively, accounting for 3.7%, 2.6%, 2.3% and 2.0% of the corresponding income respectively.

　　In addition, R&D expenses mainly include: staff costs, rent and depreciation related to R&D functions, and other expenses related to R&D functions. During the reporting period, the R&D expenses of Flash were 105 million yuan, 119 million yuan, 90.847 million yuan and 41.306 million yuan, respectively, accounting for 3.4%, 3.0%, 2.0% and 1.8% of the revenue in the corresponding period.

　　In the first half of 2024, Flash reduced the sales and marketing expenses, general and administrative expenses, and research and development expenses, by 8.56%, 13.17% and 18.6% respectively compared with the previous year. Some market participants told Harbor Business Watch that it is not ruled out that this year is facing fierce market competition and the consumption environment is weak. In order to improve profitability and IPO, Flash delivery has carried out all-round cost control.

　　Flash accounts payable mainly refer to the remuneration payable to Flash-Riders. By the end of 2022, 2023 and the end of the first half of 2024, the accounts payable for flash were 356.1 million yuan, 339.8 million yuan and 314.6 million yuan respectively. In the same period, the company’s cash and cash equivalents were 622 million yuan, 699 million yuan and 712 million yuan respectively.

　　In 2021 and 2022, the net cash used in flash business activities was 194.9 million yuan and 86.8 million yuan respectively, and in 2023, the net cash provided by flash business activities was 45.7 million yuan.

　　In the first half of 2024, the net cash provided by Flash business activities was 20.7 million yuan (US$ 2.8 million). Flash mentioned that the company’s main source of liquidity was equity financing income. In March, April and May, 2021, the company obtained 747.8 million RMB from D2 financing. As of June 30, 2024, Flash had cash and cash equivalents of 711.7 million yuan (US$ 97.9 million).

　　Flash delivery mentioned in the prospectus that the company does not employ any lightning riders, and provides special express service for individual and corporate customers by relying on Flash-Riders. The company usually regards such lightning riders as independent contractors.

　　In this context, there are also many consumer complaints about flash delivery. As of October 8, the keyword "flash delivery" was searched on the black cat complaint platform, with a total of 8,128 complaints, and 5,744 complaints have been completed. In the last 30 days, there were 213 complaints, with an average of 7.1 complaints per day. Consumer complaints focus on time delay, overlord clauses, arbitrary deduction of service fees, unreasonable punishment of riders, and unauthorized cancellation of orders.

　　03

　　Valuation has shrunk dramatically, how to break through the competition in the Red Sea?

　　Tianyancha shows that at the beginning of its establishment in March 2014, Flash received millions of RMB angel round financing from Jingwei Venture Capital; In June of the same year, the company also received millions of dollars in Series A financing from Jingwei Venture Capital and CDH Investment. In July and August, 2015, Flash completed $50 million in Series B financing and Series B+ financing respectively, with investors including Jiuding Investment, Light Source Growth Fund and Tiantu Investment.

　　In February and June of 2017, Flash completed the C and C+ rounds of financing respectively, and the transaction amount of both rounds was USD 50 million. In August, 2017, August, 2018 and March, 2021, Flash completed the D, D+ and D++ rounds of financing respectively, among which the investors in the D+ round of financing included Haisong Capital, Wuyue Capital, Yuanxing Capital, Haina Asia Venture Capital, Shunwei Capital, Changbai Xing Capital, Shunliang Investment, Hearst Capital and Light Source Venture Capital, with a transaction amount of 60 million.

　　The investors in the flash D++ financing include Shunzhi Capital, Wuyue Capital, Haina Asia Venture Capital Fund, Tiantu Investment, Haisong Capital, AlphaSquare Group, Qiyuan Investment Axiom Asia Private Capital, Qian Shan Capital and Zhongcai Capital, and the transaction amount reached 125 million US dollars.

　　However, in the instant delivery market, flash delivery faces a lot of market competition.

　　In the field of traditional logistics and distribution, SF Express’s SF Express delivery, running errands, and helping to buy services, with an average of one hour in the whole city; JD.COM’s instant retail business is aimed at consumers’ JD.COM Hours, and in May 2024, JD.COM Hours and other brands were upgraded to "JD.COM Seconds Delivery"; Dada Group’s Dada seconds to send help, help to send, run errands, 1 hour; Hungry? Hummingbird, its real-time logistics platform, also provides consumers with comprehensive life services such as home catering service, supermarket service, help buy and help deliver.

　　In addition, after the completion of the D++ round of financing in March 2021, the valuation of flash delivery reached 2 billion US dollars (equivalent to about 14 billion yuan). According to the Hurun Global Unicorn List in 2024, the flash valuation is about 7 billion yuan, down about 40% from 2021. Up to now, the flash market value is about $1.078 billion.

　　According to the Research Report on Instant Distribution Industry in China released by iResearch, the scale of the instant distribution industry will be about 341 billion yuan in 2023, and it is estimated that the scale of the industry will exceed 810 billion yuan in 2028.

　　Mo Daiqing, director and senior analyst of the online retail department of the E-commerce Research Center of NetEconomy & Society, pointed out that the competition in the instant delivery market is becoming more and more fierce. For example, Dada Group and SF Express have been successfully listed in the same city, and the rookie also announced to upgrade its express delivery service in the same city and launched the "half-day service". Backed by giants such as JD.COM, SF Express and Ali, they have strong financial support and business resources. In addition, there are some new "showstopper". For example, last year, the cargo Lala announced the online errands business; Didi also launched Didi errands service; Gaode Map announced that it has cooperated with a number of instant delivery companies to provide errands through its platform; Tik Tok, Aauto Quicker, Oriental Selection, etc. are also accelerating the trial of instant retail.

　　Although it has been successfully listed, on the one hand, its profitability is under great pressure, and on the other hand, how to successfully break through in the Red Sea industry has also been tested.

CITICS

Edible oil can be divided into vegetable oil and animal oil according to the category. Edible vegetable oil is the main domestic consumption, and the consumption of animal oil is decreasing year by year. According to the statistics of the National Bureau of Statistics, the proportion of edible vegetable oil in the per capita edible oil consumption of rural households in China has increased from 56% in 1980 to 90% in 2018. Edible vegetable oil is mainly produced from upstream soybeans, rapeseed,

Planting oil seeds such as peanuts and sunflower seeds, squeezing, refining and packaging to obtain packaged edible oil products; In addition, the by-product oil meal can be used as an important feed raw material, while the primary processed products such as crude oil can be used to manufacture daily chemical products, high-quality basic chemicals, nutritional products, etc., which are widely used in food, chemical industry, medicine and other industries.

In recent years, the consumption of edible vegetable oil has increased steadily.

With the increase of per capita edible oil consumption and the substitution of edible vegetable oil for edible animal oil, the consumption of edible vegetable oil in China has continued to increase, and the growth rate of industry consumption has gradually slowed down after 2005, stabilizing at single-digit growth.

According to the statistics of National Cereals and Oils Information Center, in 2017/18 (from October 2017 to September 2018, the same below), the consumption of edible vegetable oil in China reached 34.4 million tons, and the CAGR reached 4.5% in the past five years. Among them, the production of edible vegetable oil reached 29.63 million tons, and the CAGR reached 4.5% in the past five years. Some edible vegetable oils were supplemented by imports.

Soybean oil-rapeseed oil is dominant, and oilseed soybeans are mainly imported.

In terms of scaleAccording to USDA data, the consumption of soybean oil and rapeseed oil in China in 2018/19 reached 15.89 million tons and 8.39 million tons respectively. The consumption of peanut oil, sunflower oil and corn oil ranks second. According to USDA data, the consumption of peanut oil and sunflower oil in China in 2018/19 was 3.09 million tons and 1.5 million tons respectively.

From the perspective of growth rateIn recent years, sunflower oil and olive oil have increased rapidly, with CAGR reaching 10.1% and 6.7% respectively in the past five years.

From the perspective of supplySoybean oil, rapeseed oil and peanut oil are mainly made in China, while sunflower oil and olive oil are mainly imported, accounting for 69% and 93% of consumption; From the perspective of oil materials (raw materials for oil extraction), soybeans are mainly imported, and imports in 2018/19 accounted for 97% of the crush.

Packaging edible oil: soybean oil dominates the market, and consumption is gradually escalating.

According to the packaging methods, edible vegetable oil can be divided into bulk oil, medium packaging edible oil and small packaging edible oil.

In recent years, with the continuous promulgation of national laws and regulations on restricting the sale of bulk oil, the improvement of residents’ living standards and consumers’ increasing awareness of food safety, the consumption of bulk oil has gradually decreased, and the consumption of small and medium-sized packaged edible oil has gradually increased, occupying the main position in the edible oil market.

According to Euromonitor statistics, the consumption of packaged edible oil in China reached 14.67 million tons in 2019 (excluding industry), and the CAGR was 4.8% in 2014-2019. It is expected that the industry will continue to grow steadily in the future, and the expected sales volume CAGR in 2019-2024 is 3.7%.

Looking at retail channels alone, the sales volume, sales volume and retail price of packaged edible oil in 2019 were 103.1 billion yuan, 8.39 million tons and 12,292 yuan/ton respectively, corresponding to CAGR of 2.2%, 3.8% and -1.5% in 2014-2019 respectively.

Soybean oil dominated, and the proportion of high-priced edible oil increased.

In terms of categories, soybean oil is still dominant in packaged edible oil.

According to Euromonitor statistics, in 2019, China’s soybean oil sales accounted for 44%, and rapeseed oil, peanut oil and sunflower oil accounted for 10%, 9% and 7% respectively.

From the retail price, olive oil is much higher than other categories, reaching 97,000 yuan/ton in 2019; Peanut oil and sunflower oil are relatively higher than the average level, with 14,300 yuan and 13,600 yuan/ton respectively in 2019; Soybean oil and rapeseed oil are the most common edible oils, and the price per ton is relatively low. In 2019, they were 11,200 yuan and 10,100 yuan/ton respectively.

With the improvement of people’s consumption level, the sales growth rate of relatively high-priced edible oil is ahead. From 2014 to 2019, the sales of olive oil, peanut oil and sunflower oil reached 9.9%, 5.9% and 8.3% respectively, which was higher than the industry average.

Modern channels are dominant, especially high-priced oil.

Small-package edible vegetable oil has both the attributes of hoarding goods and giving gifts, so modern channels such as supermarkets and supermarkets are the main sales channels.

According to Nielsen statistics (quoted from the company’s prospectus), in 2019, the sales volume of small package edible vegetable oil in supermarkets and supermarkets accounted for 32.4% and 30.9% respectively.

Especially for sunflower seed oil, rice oil, peanut oil, olive oil, etc., the total proportion of hypermarkets and supermarkets is over 70%.

Judging from the trend in the past three years, the proportion of overall hypermarkets has declined, the proportion of supermarkets has increased, and other channels have changed relatively little.

In the future, the industry will grow steadily and the upgrading trend will continue.

In the future, the domestic packaged edible oil industry is expected to maintain a steady growth trend. According to Euromonitor’s forecast, the domestic packaged edible oil sales CAGR will reach 3.7% from 2019 to 2024.

With the increase of people’s income level and the demand for health and quality, the demand for high-end edible oils (such as sunflower oil and olive oil) with more balanced and rich nutrients will continue to increase in the future.

According to Euromonitor’s forecast, from 2019 to 2024, the traditional sales of soybean oil and rapeseed oil will be only 1.5% and 2.7%, while the consumption of sunflower oil and olive oil will reach 4.1% and 5.4% respectively, and the proportion of high-end edible oil sales is expected to continue to increase.

Source: CITIC Securities, "The leading grain and oil company is Hengqiang, and its listing efforts have reached a new high"

A few days ago, the Ministry of Transport and other nine departments jointly issued the "Guiding Opinions on Accelerating the Integration of Rural Passenger Transport and Postal Service", proposing that in order to further promote the integration of rural passenger transport, freight logistics and postal express delivery, and better meet the needs of rural people’s travel, freight logistics and delivery services, China will promote rural passenger vehicles to transport mail express.

Popularizing rural passenger transport vehicles to transport mail express can give full play to the advantages of wide coverage and deep access of rural passenger transport network, guide urban and rural passenger transport enterprises and public transport enterprises to rely on the layout of urban and rural passenger transport lines, optimize vehicle scheduling, set up reasonable stops, actively open rural passenger and freight mail cooperation lines from county to towns and villages, towns and villages to established villages, and use vehicle luggage compartments and internal goods storage areas to transport mail express, so as to ensure the rapid delivery of mail express on the premise of ensuring safety and ensuring rural people’s ride demand.

The opinion puts forward that a "one-point multi-function" rural passenger and postal integration development site will be built. Support county-level passenger stations to expand comprehensive service functions such as freight logistics, postal express, e-commerce, tourism, and promote unified warehousing, unified sorting, and unified distribution on the basis of retaining basic passenger service functions.

According to the opinion, the next step will be to promote safe and reliable rural passenger and postal integration development equipment. Encourage rural passenger transport operators to give priority to rural road buses equipped with lower or rear luggage compartments, and use luggage compartments to transport items such as express mail in accordance with relevant regulations.

According to the opinion, by 2027, the county-level administrative regions with conditions in China will achieve full coverage of the development of rural passenger and cargo mail integration. The number of three-level passenger and cargo mail stations in counties and villages nationwide will reach more than 100,000, and the number of rural passenger and cargo mail cooperation lines will reach more than 20,000. A new rural transportation service model of "one point with multiple functions, one network with multiple functions, intensive functions, convenience and high efficiency" will be basically established, and the national rural transportation service level and sustainable development capacity will be significantly improved. (Reporter Han Xin)

It is no exaggeration to say that space and comfort are important indicators for consumers to choose a car at present, because most people’s demands are to take a family trip. It’s a medium-sized suv. I wonder how much you know about it. The strength of the car still needs to be understood before we know, so let’s take a look.

Let’s take a look at the appearance of the VGV U75 PLUS. The front face of the VGV U75 PLUS is more atmospheric and looks more stable. Coupled with the fashionable and dynamic headlights, the exquisiteness of the whole vehicle has been greatly improved. The car is equipped with LED daytime running lights, automatic opening and closing, delayed closing and so on. Coming to the side of the car body, the size of the car body is 4825MM*1870MM*1691MM. The car adopts steady lines, and the car body feels very simple. With large-sized thick-walled tires, the shape is eye-catching. Looking back, the rear of the car looks more rounded, and the taillights give people a very concise feeling. Together with the unique exhaust pipe, it creates a good atmosphere.

Sitting in the car, the interior modeling took a simple route, and the whole looked very solid. The steering wheel design of the car is very sharp, made of leather, and feels good. From the central control point of view, the car is equipped with a delicate touch-sensitive LCD central control screen, which makes the interior style impressive and very consistent with the temperament of the car. Let’s take a look at the dashboard and seats again. The dashboard design is remarkable and eye-catching. The car adopts imitation leather seats, and the seats are wrapped in place, which further improves the comfort of drivers and passengers.

VGV U75 PLUS is matched with automatic (AT) gearbox, with maximum power of 165KW and maximum torque of 385N.m, and its power performance is good.

VGV U75 PLUS trunk space is quite satisfactory, but it supports the rear seats to be laid down, which greatly improves the expansion of the space and meets the daily travel needs. In addition, the car is equipped with anti-lock braking system (ABS), LED daytime running lights, brake assist (EBA/BAS, etc.), braking force distribution (EBD), traction control (ASR/TCS, etc.), main driver airbag and co-pilot airbag.

The car introduced today is remarkable in terms of space, configuration and power, and home travel is also a good helper. If you are concerned, you might as well experience it.

?

"For ten years, this dream has finally taken a substantial step!" On the afternoon of October 30th, Lou Deming, a professor at Tongji University, stood in front of the biodiesel oiler at Zhuanghang Gas Station in Fengxian, Sinopec.

?

From now on, two Sinopec gas stations in Fengxian District and Pudong New Area of Shanghai will start to sell B5 biodiesel as a pilot. This means that biodiesel made from kitchen waste oil has finally got rid of the "laboratory" stage and opened up the "last mile" of marketization, and it is just around the corner to realize large-scale replication and popularization.

?

Lou Deming said that it has always been his dream to market biodiesel.

?

---

"Free delivery" of biodiesel.

?

After removing impurities, chemical reaction, distillation and other processes, refined fatty acid methyl ester, also known as biodiesel, can be obtained from kitchen waste oil. According to China’s national standard "biodiesel blended fuel", biodiesel that can be used in vehicles must be "blended oil". For example, B5 biodiesel provided by the two pilot gas stations is blended with 5% biodiesel and 95% mineral diesel. At the same time, dozens of quality indexes such as sulfur content, acid value, water content, condensation point and polycyclic aromatic hydrocarbons have to be examined.

?

The reporter of Jiefang Daily Shangguan saw in a gas station at the intersection of Nanting Highway and Puwei Highway that two oilers have been modified, and four oilers can provide the service of filling B5 biodiesel, and the "biodiesel" mark with white characters on the green background is affixed to the ground of the relevant refueling stations; On the stop sign erected at the gas station, the four characters "biodiesel" have also been added to remind the passing vehicles.

?

Looking at the oil price, the average diesel in this station is 6.02 yuan/liter, while the B5 biodiesel can be discounted by 9.5, and the price is 5.72 yuan/liter. "There is 5% biodiesel in every liter of oil, and this preferential price is equivalent to giving biodiesel free of charge." The gas station attendant said that this would attract some car owners to switch to biodiesel, and the invoice would also indicate "biodiesel".

?

On the left is the unit price of B5 biodiesel, and on the right is the unit price of ordinary diesel, with preferential 0.3 yuan/liter.

?

At present, this gas station in Fengxian reserves about 10 tons of B5 biodiesel, and it is estimated that it can be filled in four or five days if each vehicle is filled with 60 liters at a time. The waiter said that at the beginning, many car owners may be influenced by traditional ideas, and may not necessarily accept biodiesel. There may also be many people pursuing green environmental protection, and the specific effect remains to be seen. Before they fill the vehicle, they will take the initiative to express the oil and ask the driver’s wishes.

?

---

It is almost the same as ordinary diesel.

?

The reporter interviewed several car owners who came to the station to refuel at random. They generally welcomed biodiesel, but they didn’t choose biodiesel on the grounds of "not sure about the quality" and "may not accept it when reimbursing".

?

In this regard, Lou Deming said that the quality of biodiesel that can enter the pilot of Sinopec gas station has been repeatedly tested, and it is almost the same as ordinary diesel. According to him, since September 29th, 2013, when the first No.70 bus in Shanghai was put into operation, as of September 30th, 2017, a total of 104 buses have participated in the project "Research on Shanghai Application System of Biodiesel Made from High Proportion of Kitchen Waste Oils". These buses that use biodiesel mixed fuels of three specifications (B5, B10 and B20) run for a total of 15,607,200 kilometers, and consume 456,300 liters of waste oil from kitchen to make biodiesel. In the past 10 months, another 32 sanitation vehicles have participated in the above-mentioned experiments, running 83,100 kilometers in total and consuming 2,405.6 liters of kitchen waste oil to produce biodiesel.

?

The results show that after using B5 biodiesel, there is no carbon deposit on the surface of the piston top, valve, injector and other key parts of the test vehicle engine, and there is no fault related to the oil circuit. Some vehicles have also seen an improvement in exhaust emissions. Compared with pure diesel, the emissions of carbon monoxide, hydrocarbons and ultrafine particles have all decreased slightly.

?

A sanitation truck is waiting to be filled with B5 biodiesel. Driver Ye Jinqing said that on average, it saves a few dollars per day compared with adding fossil diesel, and the tail gas pollution seems to be a little less.

?

---

Solve the problem of "not enough to eat" and "no money to earn"

?

Lou Deming said frankly that "gutter oil" became the technology of vehicle fuel, and it was conquered more than ten years ago. The project achievement "Key Technology and Application of Mixed Diesel Fuel Vehicle" won the first prize of scientific and technological progress in Shanghai in 2012, but since then, it has been a very difficult road to make "gutter oil" completely leave the laboratory and go to the market. To sum up, there are two levels: "not enough to eat" and "no money to earn".

?

The so-called "not enough to eat" means that there is no stable source of "gutter oil" and it is impossible to guarantee the stable mass production of biodiesel.

?

This problem was solved in 2013. Under the leadership of Shanghai Food Safety Office, Shanghai Food Safety Office, Municipal Greening and Appearance Bureau, Municipal Food Safety Federation, Tongji University, Shanghai Huayi Group and Shanghai Zhongqi Environmental Protection Technology Co., Ltd. signed the "Six-Party Cooperation Agreement on the Recycling of Kitchen Waste Oils in Shanghai", which clarified that the kitchen waste oils collected in the whole city were given priority to the bus pilot project. As long as conditions permit, about 30,000 to 40,000 tons of kitchen waste oil produced in Shanghai every year can be transported to designated units to produce biodiesel.

?

The so-called "no money to earn" is subject to higher collection, transportation and disposal costs, and Shanghai biodiesel production enterprises have long been in the dilemma of cost inversion. Starting from 2010, the purchase price of "waste oil" of Shanghai disposal enterprises should be calculated according to a certain proportion of the sum of the international prices of crude oil, palm oil and methyl ester. Once the international oil price falls, the longer the production line is opened, the more it will lose money.

?

"At present, it is still in a state of loss, and it loses several hundred yuan for every ton sold." Zhang Xuewang, chairman of Sinochem Environmental Protection, said frankly that at present, the purchase price of "waste oil" is about 3,600 yuan/ton, and the direct production cost of about 2,000 yuan has exceeded the market price of biodiesel of more than 5,000 yuan/ton. Therefore, although the disposal capacity can reach 150 tons/day, China Environmental Protection actually only disposes about 60 tons of "waste oil" every day.

?

This problem was solved in 2016, and the "Emergency Support Measures for the Collection, Transportation and Disposal of Biodiesel Made from Waste Kitchen Oils in Shanghai" was promulgated, which will subsidize the losses of related disposal enterprises in case of market failure to ensure their normal operation. In addition, Shanghai has set up a budget to promote the application of biodiesel. At present, the costs and expenses arising from the production and distribution of B5 biodiesel related to two pilot gas stations are included in this budget, which will also reduce the burden on related enterprises.

?

The attendant at the gas station is filling the vehicle with B5 biodiesel, which the industry has been waiting for for a long time.

?

Zheng Shusong, deputy secretary-general of Shanghai Food Safety Federation, said that the promotion of biodiesel depends largely on the financial support of the government, so that the energy cost borne by enterprises is lower than the current pure fossil diesel model, so that enterprises will have the enthusiasm to use it. However, relying on financial support is not a long-term solution. The key is to find a way out of the market. This time, biodiesel has entered the social gas station, which is a huge step.

?

"If a gas station can accept biodiesel, the public can really get in touch with biodiesel. Only by understanding, the whole society will further accept and recognize this new energy consumption mode." Zheng Shusong said that it is foreseeable that the sales of biodiesel will become wider and wider, and its value will also increase. At that time, disposal enterprises can no longer rely on financial subsidies and take a purely market-oriented road.

?

---

Closed-loop management of "waste oil"

?

"Waste cooking oil" generally refers to the oil produced and processed by non-food raw materials such as kitchen waste, meat processing waste and unqualified livestock and poultry products. In recent years, all parts of the country have continuously intensified the crackdown and strengthened the source control, and the illegal and criminal activities of manufacturing and selling "gutter oil" with kitchen waste as raw materials have been curbed. However, the long-term mechanism for the comprehensive improvement of "gutter oil" has not been fully established, and the illegal and criminal problems of manufacturing and selling "gutter oil" still occur from time to time. In April this year, the State Council issued the "Opinions on Further Strengthening the Governance of Waste Oil", which clearly pointed out that it is necessary to strictly supervise law enforcement, strengthen source governance, and prevent waste oil from flowing to the table; It is also necessary to increase policy support and establish a long-term mechanism to jointly promote the harmless treatment and resource utilization of kitchen waste. It is necessary to regard the treatment of "gutter oil" as the key task of food safety during the 13 th Five-Year Plan period, and strive to make a breakthrough.

?

Experts believe that there is no very accurate detection method for "gutter oil" at present, and it is difficult to achieve it only by "person-to-person" supervision. At present, the main breakthrough is resource utilization, and the "sparse" market replaces the "blocking" supervision.

?

Referring to the international advanced experience, San Francisco, USA, recycles waste oil from restaurants in the city free of charge, converts it into biofuel and directly forces it to be used in municipal public transport; Japan put forward the "comprehensive strategy of bio-energy", which clearly gives the recycling of waste edible oil an important position in biodiesel fuel, and formulates the policy of state support for cooperative enterprises. Waste oil professional recycling companies basically recycle waste oil from catering enterprises for free, and after a series of treatment and refining, it becomes biodiesel, and then sells it to the government at several times the cost.

?

Shanghai has also gained valuable exploration experience in this regard. "Through the path of biodiesel, Shanghai has achieved closed-loop management of kitchen waste oil." Yang Jinsong, director of Shanghai Food and Drug Administration, said that in the future, Shanghai will continue to upgrade its technical standards, use the market-oriented operation mode, promote the diversified application of biodiesel from kitchen waste oil, expand from buses and sanitation vehicles to logistics vehicles and Yangtze River cargo ships, and explore the establishment of a safe and reliable mixed diesel fuel storage and filling system that is suitable for the actual situation of Shanghai and can effectively reduce costs, so as to further improve the supervision system and market operation mode of the whole industry chain.

?

Related disposal technology of "waste oil"

?

Biden announces a package of nominations for core positions. (Source: Associated Press)

　　Overseas network December 1 ST　Biden, the "elected president" of the United States, has announced a series of nominations and appointments for core positions of the new government in recent days. On November 30th, CNN published an article saying that Biden’s personnel appointment basically realized the earlier expectations of relevant candidates and "diversity" commitment, and the article further exposed several "firsts in history" in Biden’s new team.

　　First female finance minister candidate

　　Former Federal Reserve Chairman janet yellen was formally nominated as Treasury Secretary by Biden. If this nomination is approved by the Senate, Yellen will become the first woman in the United States to serve as Treasury Secretary.

　　Yellen, 74, is a Jewish economist with a doctorate in economics from Yale University. She served as the chairman of the White House Council of Economic Advisers under former President Bill Clinton. Yellen has worked in the Federal Reserve for many years, successively serving as President of federal reserve bank of san francisco and Vice Chairman of the Federal Reserve. In 2014, Yellen, who was nominated by then President Obama, became the first female chairman in the history of the Federal Reserve.

　　The first African-American deputy finance minister candidate

　　Wally Adeyemo, a macroeconomist and national security adviser, was nominated as the US Deputy Treasury Secretary and is expected to become the first African-American Deputy Treasury Secretary. Ardeyeh Mo was born in Ardeyeh in 1981. He served as a senior adviser on international economy during Obama’s tenure and is currently the chairman of the Obama Foundation.

　　First Hispanic-American White House Social Secretary

　　Carlos Elizondo, the social secretary of the Biden couple, was appointed as the White House social secretary, and he is expected to become the first Hispanic White House social secretary in American history. During the Clinton administration, Elizondo served in the White House and the Office of the Director of Protocol.

　　The first female national intelligence director candidate

　　Avril Haines was nominated as the Director of National Intelligence. If the nomination is confirmed, she will become the first woman to be the director of national intelligence in the United States. Haines is currently the chairman of the National Security Council, which is responsible for formulating the government’s national security and foreign policy. She served as assistant to the president and chief deputy national security adviser during the Obama administration.

　　First Latino-American Secretary of Homeland Security

　　If approved by the Senate, Alejandro Mayorkas will become the first Latino immigrant to serve as Secretary of Homeland Security. During the Obama administration, he served as Deputy Secretary of Homeland Security and Director of the US Citizenship and Immigration Service of the Department of Homeland Security. During his tenure, he supervised the implementation of the "Deferred Repatriation Plan for Children", which is an administrative measure of the Obama administration to protect young undocumented immigrants who went to the United States as children from being deported.

　　First Chairperson of African-American Women’s Economic Advisory Committee

　　Cecilia Rouse, a labor economist, has been nominated as the chairman of the Council of Economic Advisers, and is expected to become the first African-American woman to lead this department that provides economic policy advice to the President in American history. She is currently the Dean of the School of Public and International Affairs of Princeton University, and is an economist specializing in education and equality. Ross was a member of the White House Council of Economic Advisers during Obama’s tenure and also served on the National Economic Council of the Clinton administration.

　　The first South Asian American director of the Office of Administration and Budget.

　　Neera Tanden was nominated as the director of the United States Office of Management and Budget, and is expected to become the first colored woman and South Asian American director in the history of this department. Tenton served in the Obama administration and the Clinton administration. He was a senior adviser on health care reform in the US Department of Health and Human Services, and also served as the domestic policy director of the Obama campaign. (Overseas network Yao Kaihong)

Aouita 12, which was officially listed in November, showed its top-notch value and intelligent charm, which can be said to have given users full expectations. It is reported that in the first month of listing, the Aouita 12 big orders exceeded 20,000, and the average order price exceeded 350,000 yuan, which shows that users recognized the strength of Aouita 12. Next, Aouita 12 will be delivered in 19 provinces and 40 cities one after another, starting a user-oriented trip.

Aouita 12′ s efficient delivery action has won praise from many car owners. Of course, what users really expect is its excellent product strength. For example, many novice drivers have a certain psychological burden when driving a new car on the road. In order to alleviate the pressure of novice drivers, Aouita 12 is equipped with a series of safety and intelligent travel guarantees, so that novices can get on the road and become "old drivers" in seconds. It is reported that Aouita 12 adopts AVATRUST extrasensory system, which comes standard with 29 smart driving sensors and 19 active safety functions, to create all-round safety hardware configuration to ensure users’ safe travel.

It is worth mentioning that Aouita 12 is equipped with HUAWEI ADS 2.0, which is far ahead of Huawei’s advanced intelligent driving system. It is equipped with intelligent driving and navigation assistance in urban areas, which can automatically identify traffic lights, automatically select lanes and take the initiative to overtake according to navigation routes, actively avoid pedestrians and non-motor vehicles, flexibly handle road conditions at unprotected intersections in cities, and realize functions such as occupying roads and avoiding obstacles and turning around at intersections. The problem of reversing is also a headache for novice drivers. Aouita 12 has an auxiliary parking function, which can accurately identify empty parking spaces, realize 360-degree visible parking, and also support parking in various postures, so there is no need to worry about parking angles.

In addition, Aouita 12 chose to use the GOD network to upgrade the driving safety of users again. GAEB can help vehicles identify abnormal obstacles outside the "white list" and take emergency braking in time before vehicles collide, so as to avoid accidents or reduce accident losses and provide users with a safe driving experience.

Finally, it has to be said that Aouita 12 equipped with CTP high-performance and high-safety ternary lithium battery can not only meet the five-star safety standard, but also has certain water resistance. Through its unique air pressure sensor design, it can realize 24-hour all-weather thermal runaway monitoring, give an accurate warning before the thermal failure of the battery, and send an alarm prompt to the user within 30 seconds to ensure the driving safety of the user.

To sum up, in the highly competitive market, Aouita 12 stands out from the crowd because of its profound insight into users’ needs and excellent product strength. Next, Aouita will always insist on creating and serving with heart, constantly innovating and breaking through, and continue to provide users with cost-effective products and a safe and comfortable driving environment.

At the moment when the pre-sale began, the pre-sale price was not announced, and the operation of Qi Rising Road Star Era ET was somewhat confusing; But fortunately, the price information was confirmed later, so after having the most important evaluation reference, the evaluation of this car will inevitably reverse.

Price information:

• Extended version, RMB 19.9, RMB 21.9 and RMB 239,000.
• Pure electronic version, RMB 23.9, RMB 24.9, RMB 25.9, RMB 28.9 and RMB 329,000.

For a new energy medium and large SUV, this price is really not high; Its body size is 4955*1975*1698 mm, and the wheelbase is 3000 mm. It is a standard C-class car, and the visual effect of the car is good, especially if the wheelbase is large enough, it will make the side of the car look more tense. As for the height of the car body, it is not very high, so the style of this car is biased towards sports; The controversy about vehicle design is not discussed here. Some car enthusiasts think that the vehicle design is similar to a G9, but after comparison, it is found that it is only similar rather than similar.

Interpretation of extended range edition

The dynamic parameters of the extended-range version of Star Age ET have finally been confirmed, which are basically the same as predicted, but one thing is unexpected, that is, the extended-range four-wheel drive version has not been seen at present; This version is equipped with a 1.5T range extender, and the engine adopts a vertical layout; The motor is a rear-mounted model, so the extended-range version is determined to be rear-driven. Its power reserve is 195 kW/324 N m, and its 100-kilometer acceleration score is 7.8 seconds, which is quite satisfactory.

Its lowest charged fuel consumption is 5.2L/100km, and its fuel consumption performance in the same class car is quite good.

Without four-wheel drive, this car needs a long enough pure electric cruising range.

Its standard is that the test cruising range of WLTC is 161 kilometers, and the corresponding test cruising range of CLTC is 200 kilometers.

This standard is regarded as the first-line level of the same class car, and its overall level can be aligned with the rear-drive version. It is a four-wheel drive with a slightly higher positioning, and the two cars are not comparable. Then asking M7 is the key to stand out from the rest of Star Age ET. The guide price of the rear-drive version of the car is 24.98, 26.98, 28.98 and 309,800 yuan, the limited-time discount of the low-version is 20,000 yuan, the acceleration of 100 kilometers is 7.8 seconds, and the pure electric mileage is 200 kilometers under WLTC working conditions. Its pure electric mileage is long, but the price is a little higher after all, so the extended-range version of Star Era ET is still promising.

Perspective pure electric plate

The pure electric version of Star Era ET has two series: rear-drive and four-wheel drive. The pre-sale price of the rear-drive version is 23.9, 25.9 and 289,000 yuan, corresponding to the cruising range of 625 kilometers and the flagship version of 760 kilometers. The pre-sale price of the four-wheel drive version is 249,000 yuan and 329,000 yuan, and the cruising range is 540 kilometers and 655 kilometers respectively. The cruising range of the four-wheel drive version is not long.

The 100-kilometer acceleration score of the rear-wheel drive version is 6.4-6.6 seconds, the four-wheel drive low-profile version is 4.7 seconds, and the flagship version is 3.8 seconds, and the performance is quite good.

Now let’s talk about the key configuration:

Laser radar.

The extended-range version is not equipped with a lidar, nor are the pure electric rear-drive and four-wheel drive low-profile versions. The rear-drive middle-and high-profile versions and the four-wheel drive flagship version are equipped with a lidar as standard; That is to say, the starting price (pre-sale price) of the version equipped with lidar is actually 259,000 yuan, which is not too high.

The competing products of Astrology ET should be, because there are no pure electric versions of the universe M7 and the ideal L6; The guide price of Tucki G9 rear drive version is 253,900-304,900 yuan, and the price of four-wheel drive version is 354,900 yuan, which is higher than that of Xingjiyuan ET pure electric series. Its cruising range is 570-702 kilometers, and the four-wheel drive version is 650 kilometers, which has no advantage in this respect; Therefore, the laser radar of the intelligent driving system has become one of the key configurations to win the battle. Tucki G9 has been equipped with dual laser radars since the rear-drive version of 289,900 yuan, and the starting price of this version is still higher than the corresponding version of Star Era ET.

Conclusion:

The final guide price of Star Road Star Era ET should meet the expectations of most of its users, but it is a pity that the extended-range version does not have four-wheel drive. If we can add an extended-range four-wheel drive version with a price of about 250,000 yuan, I believe its sales volume is likely to be on a par with that of the M7 brand, and even disrupt the layout of the two brands.

Pure electric series can give favorable comments, and this car is not disappointing.

Tianhe Auto editor, welcome to turn to praise.