1905 movie network news On May 10, the TV drama "Celebration of the Year 2" was officially launched, and a group of character posters were released, with all the original cast members returning, full of antique and charming charm.

The handsome and dashing Lord Xiao Fan, the beautiful and gentle chicken leg girl, the domineering and majestic Emperor Qing, the unangry and self-righteous Chen Pingping, the lovely unicorn rich Fan Sizhe, and Wang Qinian who laughs at the sight of him… Familiar characters and familiar formulas, the return of the original cast has made countless fans look forward to it.

NIO released the 2023 Quarter 1 financial report Long Bridge US stocks premarket on June 9, Beijing time. Another large area of "spicy eye" performance, if the fourth quarter of last year is poor, the first quarter of this year is still a "strengthened version":

1. Poor sales and poor income:$NIO – SW.HK revenue 10.70 billion, and less than the market expectations, the 1 billion +, the sales difference is known, the key is because of the volume price, the old car, 75kwh entry models accounted for more, resulting in a unit price of only 297,000, significantly lower than market expectations.

2. Gross margin collapse: As the unit price fell below 300,000 for the first time, much lower than the previous guidance implied unit price of about 320,000,The gross profit margin of the car fell directly to 5% without impairment and other operations, far lower than the market expectation of about 10%. Obviously, the damage caused by the price reduction of the old model and the low gross profit margin of ET5, the capacity utilization rate in the process of platform replacement has particularly serious damage to NIO.

3. Guidance mediocre: second quarterGuidance sales 2.3 – 25,000 units, due to the known sales in April and May, implied sales in June after the release of the new ES6, finally began to stand on the 10,000, guidance implied sales in June should be about 11,000. And the company’s goal is that ET5 + ES6 double top stream can bring 20,000 monthly sales, this guidance is still significantly different from this goal.

However,$NIO. SG The price of implied bicycles behind the revenue guidance 87-9.40 billion may recover to about 320,000, the proportion of implied inventory vehicles may decrease, and the gross margin should recover.

4. NIO who is still "voting":Although the gross profit has dropped to less than 20,000 yuan, NIO wants to do a lot of things in R & D and needs to "warm up users". The investment in R & D and sales expenses has not seen obvious restraint. The operating loss rate hit a three-year high, reaching 48%, significantly higher than market expectations.

Dolphin Jun’s overall perspective:

For new forces with a very short period of new car explosions and repeatedly falling into the green and yellow of changing cars, Dolphin Jun naturally has a red label of "suspicious execution". Obviously, the current NIO is such a company.

Therefore, the previous share price of 9 yuan has fallen to the PS valuation level between life and death in 2019. Dolphin Jun proposed that companies with too big dreams and too weak execution cannot talk about bottom fishing lightly. By this financial report, the company’s share price was hovering at 7-8 yuan, and bottom fishing did not generate profits.

Of course, from the perspective of marginal changes, this performance is basically the bottom of NIO’s performance: because NIO’s double-top streaming car ES6 went on sale at the end of May and the ET5 hunting version went on sale in June, two promising cars began to contribute to full sales in the second half of the year, and all other models will basically transition to the NT2.0 platform. Sales and gross profit margins are unlikely to be worse, and will only go in the direction of improvement.

In the corresponding stock price, along with the improvement of sales volume and gross profit margin, there is also hope to slowly climb out of the bottom. But how much can be pulled up from the bottom, or can it return to the previous height? It depends on how much the original new power brother reflects on this wave of mistakes, and how much the execution improves. Dolphin Jun has doubts. At least to see the change of attitude first, you might as well listen to what NIO has to say in the phone call.

First, stronger than painting cakes, weaker than landing: NIO, it’s time to reflect

Let me remind you of the two core goals of NIO’s delivery this year:

1)NIO aims to deliver 250,000 vehicles this year.

2) By the fourth quarter, the monthly sales should stand firm 30,000 vehicles: the two pillar cars ET5 + ES6 have a total monthly sales of 20,000, ET7 + ES7 + ES8 have a total contribution of 8k-10k vehicles, and the two coupe EC6 and EC7 have a total monthly sales of about 2k vehicles.

Goals vs reality, let’s compare:

1) By the end of the first half of this year, the delivery was probably on 55,000 vehicles, barely completing a little more than 20% of the annual target. In the case of just climbing 10,000 in June, it is equivalent to 32,500 monthly delivery in the second half of the year, which means that the hope of achieving the 250,000 goal for the whole year is very slim.

2) Monthly sales 30,000 target vs May 6k reality: In May, due to NIO’s two top-class models – ES6 replacement and ET5 hunting car to be released, the new ES8 was launched in June and EC6 was launched in July; the new EC7 was relatively niche, and it was just launched and basically did not contribute to sales;, in addition, the market demand for ET7 and ES7 models that are not being replaced is weak, and the final result is that NIO sold a mere 6,155 units in May, even lower than in April.

On the list of new car makers in May, the original first brother has almost slipped to the bottom.

Fortunately, looking ahead, it should be the worst time for NIO nowFrom the perspective of the release rhythm of the model, NIO’s two promising contributions to large sales ET5 and ES6:

ES6: As the best-selling SUV in the NIO model matrix, on May 24 this year, NIO released an updated version of ES 6 (competitors mainly include Model Y, L7, etc.), and deliveries began that night.

According to market survey information, within 72 hours of ES6 release, the average intention of a single store was 90 orders, 20 prepaid orders, and ES6 contributed 60-70% of the incoming traffic. Preliminary data seems to be good.

2.) ET5 prey version: released on June 15 and delivered in the same month ET5 prey version, prey version will optimize the current ET5 rear space, it is estimated that part of the original wait-and-see ET5 lead.

After the two NIO top-class models are all launched in June, the monthly sales of tens of thousands is a reasonable expectation for the market. So from this quarter, the second quarter sales guidance given by NIO 2.3-2 5,000 vehicles are only within expectations.

Due to the sales volume of 6.7k in April and 6.2k in May, this guide implies that the sales volume in June is 11,000, which is basically the same as the market expectation of 10,000 vehicles in June. There is no further shock, but it is obviously not a surprise.

Overall, NIO has not really exploded in this cycle of car replacement, from new cars such as ET5 to the present. Compared with the ideal replacement cycle, the replacement time of NT2.0 models has been delayed for too long, and the problem is still obvious.

When the automotive market had long since entered the era where demand was king, NIO wanted too much, and its execution was still stuck in the era of "supply is king", completely unable to keep up with its peers who were crazy about rolling in.

Finally, from the perspective of the actual delivery volume in the first quarter, only 31,000 vehicles were achieved, barely reaching the lower limit of the original target 3.1-3 3,000 vehicles.

Fatal Expectation Spread: Gross Margin Revisited

Behind the poor sales volume, the gross profit margin was pulled again, and the severity exceeded the one-time impairment 1 billion due to "inventory impairment provisions, accelerated depreciation of production equipment, and loss of old 866 purchase agreement" in the first quarter.

In the first quarter of this year, NIO’s gross profit margin of automobile sales was only 5.1%, while the gross profit margin of automobiles 1 billion one-time factors was 13.5% in the last quarter, while the market’s expectations for the gross profit margin of automobiles in the first quarter were basically in double digits, basically between 10% and 12%.

Specifically, consider the bicycle economy.

1) In the first quarter, bicycle revenue hit a record low, falling below 300,000 for the first time, only 297,000, and the cost of bicycles directly fell 70,000.

Of course, the reason is also obvious. During the new car replacement period, the old 866 model has exhibition car clearance, national subsidies, and financial discounts, etc.; while the unit price of the new ET5 itself is lower than that of the previous models, the gross profit margin is also low, and the average price decline is normal.

2) Now that NT1.0 is converted to NT2.0, the intermediate capacity utilization rate is very low, which will also drag down the gross profit margin; the cost of a bicycle cannot go down synchronously with the price of a single car, and the gross profit of a bicycle is further reduced by 3,000 yuan compared with the fourth quarter, and the gross profit margin is directly pulled from 6.8% to 5.1%. The standard gross profit margin for car manufacturing should be around 20%, which is too large.

Fortunately, looking ahead, NIO couldn’t be any worse.

The company’s guidance for the second quarter revenue is between 87.4 and 9.37 billion. Dolphin Jun’s estimated bicycle revenue should be about 32.5-33 million, and by the end of the second quarter, basically all NIO models have been transferred to the NT2.0 platform.

In addition, although the overall price of lithium carbonate has reached about 300,000 from the beginning of the 190,000, compared with the previous 500,000, there is still a trend to fall, and the decline in battery costs will also help NIO to ease the cost pressure.

Of course, under the brand tone of NIO’s "no price reduction", the real increase in gross profit margin still depends on whether NIO really reaches the target of 30,000 monthly sales and pulls up the capacity utilization rate. And on this point, Dolphin Jun is still skeptical:

1) In terms of the current trend, the Chinese luxury car market above 30w seems to have a relatively tenacious vitality of fuel vehicles, and the penetration rate is relatively slow. At present, it is less than 20%, which is not as good as the overall pure electric penetration rate.

2) In the absence of insufficient facilities such as fast charging/power exchange, when pure electric luxury cars further go out of first-tier cities such as Shanghai and further penetrate into the lower-tier market, it seems that there is no ideal range extension model that can better target user pain points.

Third, the income pulls the hips, the natural result of poor sales

NIO’s revenue 10.70 billion in the first quarter, growing by only 8% year-on-year, significantly lower than the market consensus expectations 11.60 billion, clearing inventory and other low unit prices are the core issues.

The only thing that came up a little bit this quarter was auto revenue other than auto sales, which hit 1.45 billion this quarter, a lot more than the market expected 11-1.20 billion.

NIO’sOther business revenue sources primarily include revenue from the sale of energy and service packages, as well as revenue generated from embedded products and services that go hand in hand with vehicle sales, such as charging stations, in-vehicle internet connectivity services, and more.

The company has always maintained a high-end strategic positioning, hoping to provide better service and experience to car owners in terms of brand management and user community through better gross margins.

Data source: company earnings, Long Bridge Dolphin Investment Research

Data source: the company’s official website, Long Bridge Dolphin Investment Research

In addition, at the Berlin conference of NIO last October, the overseas models were mainly charged by fixed lease and floating subscription. For example, the rental time provided by the fixed rental fee is generally 1-5 years, and the fixed monthly rent is adopted. For short-term flexible cars, monthly subscriptions can be used. Short-term subscriptions can be cancelled at any time two weeks in advance. Vehicles can be replaced at will, and as the age of the car increases, the monthly fee will be reduced accordingly.

The additional growth in other revenue this quarter is expected to be related to NIO’s overseas sales growth: from January to April, NIO sold more than 150 vehicles in Germany, more than 184 in Norway, and more than 450 worldwide, which should contribute to this part of the revenue.

But the problem here is that, because these markets are in the early stages of development, when they contribute revenue, they basically lose money early on. So the rest of the business saw revenue increase this quarter, but the losses were also severe: less than 1.50 billion revenue in the first quarter, costs were almost 1.80 billion, and the gross loss ratio was 21%.

IV. Gross profit is almost "zero"

If the fourth quarter NIO gross profit was miserable, the first quarter was even more miserable, because other income business directly gross loss, and the car sales business sold cars 9.20 billion, only earned less than 500 million gross profit. The overall group level gross profit is only 160 million, no better.

Invest "a lot of money"

Although after subtracting external costs, only gross profit 100 million, but expenses are not less: R & D expenses 3.10 billion, basically within the normal range between 30 and 3.50 billion of the company’s original quarterly guidance; sales and administrative expenses 2.45 billion, just a little less than the market expected 2.70 billion.

Overall, due to the fact that NIO wants to do too many things and has too many dreams in R & D, the possibility of cost reduction in R & D is very small. So far, I have not seen it openly reflect on cost reduction and efficiency like Xiaopeng.

In the sales system, NIO has always been a "warm user" approach, and sales have not seen very clear signs of control.

Six, NIO has passed the life and death tribulation again

The same painting style as the fourth quarter, but it came more tragically: delivery pulling hips, income pulling hips, gross profit margin pulling hips, cost and investment rigidity, and operating profits are hotWhat is it?

The single-quarter operating loss 5.10 billion; the operating loss rate was 48%, a new high in the past three years.

Summary:

In the eyes of Dolphin Lord, internal reflection and rapid adjustment in the current state of NIO may be more important than boasting and describing the grand blueprint of 5-10 years.

Special Topics: Earthquake Relief, Donations with Love

　　Chengdu Business Daily, May 16A sudden disaster has made people lament the fragility of life, and the mutual support after the disaster has made people deeply appreciate the kindness and strength of human nature. The entertainment industry is in action. Yesterday, Shao Yifu donated 100 million Hong Kong dollars for disaster relief, and many celebrities have further increased their donations. What is even more touching is that after the disaster, celebrities have donated money one after another, and some celebrities have also come to the front line of the disaster area regardless of their own safety. In addition to Jackie Chan coming to Hong Kong today to comfort the victims, Jet Li will also arrive in Hong Kong tomorrow with disaster relief supplies, and Beichuan may be his first stop.

　　Jackie Chan will go to Mianyang

　　In addition to donating tens of millions of yuan, Jackie Chan is also personally coming to Chengdu today to offer condolences to the victims. It is reported that Jackie Chan is absent from Cannes due to work, but he will put down his work today and fly to Rongcheng. The first stop of condolences may be Mianyang.

　　Jackie Chan recorded the disaster relief song "Life and Death" with great enthusiasm last night. After that, the eldest brother will stand on the same stage with Jet Li again. After the Sichuan earthquake, people in the entertainment industry moved quickly to contribute their own strength to the earthquake relief. Yesterday, reporters learned that Jackie Chan and Jet Li will come to Chengdu today and tomorrow respectively, bringing precious materials and boosting the morale of the earthquake relief.

　　In addition to donating tens of millions, Jackie Chan is actually coming to Chengdu today to offer condolences to the victims. Yesterday, Jackie Chan has sent two assistants to Sichuan to learn about the situation in the earthquake-stricken areas. The reporter learned from informed sources that after the earthquake, Jackie Chan was very worried about the situation of the people in the disaster area. On the afternoon of the 14th, his assistant called Deng Changcheng, a contestant of "Descendants of the Dragon", to learn about the situation on the front line. Deng Changcheng responded to the call of the Communist Party Committee of the Communist Party of China to join the volunteer team and went to Dujiangyan after the earthquake. He reported what he knew to Jackie Chan. After understanding the situation, Jackie Chan immediately decided to go to Sichuan as soon as possible to go to the first-line disaster area!

　　Yesterday afternoon, two of Jackie Chan’s assistants went to Dujiangyan with Deng Changcheng to understand the disaster situation, and did not return to Chengdu until 7 pm. They came to a collapsed building in Dujiangyan City, and the situation in front of them was unbearable to witness. "I heard that there are three people inside, and I hope they can survive." The reporter learned that the company has been hoping that Jackie Chan will delay the date of coming to Chengdu for safety reasons, and come back after the situation is further stabilized. At noon yesterday, Jackie Chan talked to the assistant who had already arrived in Rong. After listening to the assistant’s opinions, he still insisted on going deep into the disaster area as soon as possible.

　　Jet Li personally delivered supplies to the disaster area

　　In addition to Jackie Chan’s eldest brother will go to the disaster area, the reporter learned that Li Lianjie will also fly to Rongcheng tomorrow, and Beichuan may be one of his stops. Li Lianjie experienced a tsunami a few years ago and witnessed countless lives being swallowed up in an instant. This also made a major change in the course of his life. In addition to movies, his other career is managing the One Foundation. The earthquake in Sichuan made Li Lianjie feel the pain of the victims. As the founder of the One Foundation, he will come to Chengdu tomorrow to bring a large number of disaster victims in urgent need of supplies.

　　Yesterday, the "China International Committee of the Red Cross Li Lianjie One Foundation Program" held a briefing on the 5.12 Sichuan earthquake relief situation. Li Lianjie attended the briefing and expressed his concern for the disaster area. Tomorrow, he will come to the earthquake-stricken area to distribute relief supplies to the victims.

　　Since the earthquake occurred on May 12, One Foundation has been closely monitoring the development of the disaster situation, and has been in daily contact with the rescue teams of the International Committee of the Red Cross in the disaster area ahead to learn about the latest situation. So far, One Foundation has raised a total of 28.05 million yuan for disaster relief. After the Wenchuan earthquake occurred on May 12, One Foundation allocated 1 million yuan to support the disaster area as soon as possible.

　　After learning that the people in the disaster area lack tents, bedding, food, drinking water, medicine and other basic living and medical security materials, One Foundation launched a new round of fundraising call, calling on enterprises all over the country to donate materials. One Foundation assists enterprises to donate to the local International Committee of the Red Cross for distribution and supervises the distribution process. Tomorrow, One Foundation founder Jet Li will fly to Chengdu with the first batch of materials to directly deliver the materials to the local International Committee of the Red Cross for distribution to the people in the disaster area. (Text/Xu Yunxiao)

Editor in charge: Li Dan

Fast technology on May 13 news, this morning Hengchi official account announced that Hengda Automobile has announced that the shareholders meeting agreed to sell 47 real estate projects to China Hengda and its subsidiaries.

This means that Evergrande has completed the divestiture of its real estate business and become a pure new energy vehicle company.

According to the official, Hengda Automobile divested its real estate business, concentrated resources to ensure Hengchi’s research and development and production, and focused on the new energy vehicle track, which will help to improve market valuation and win the favor of capital, which is conducive to the development of Hengchi Automobile.

It is reported that China Evergrande announced on April 24 that the buyer (Anxin Holdings Co., Ltd., a wholly-owned subsidiary of the company) and the company entered into a sale and purchase agreement with Hengda Automobile, under which the buyer conditionally agreed to purchase and Hengda Automobile conditionally agreed to sell the target shares as beneficial owners, including 21 Hengda Health Valley projects, 5 Hengda Health City projects and 21 property development projects. The initial consideration of Hengda Automobile’s target shares is RMB 2.

At the same time, Hengda Motor mentioned in the announcement that due to lack of funds, its Tianjin factory has suspended production of Hengchi 5 and plans to resume production in May, but has not yet resumed production.

It is reported that Hengda Automobile released six models of Hengchi at the same time during the 2020 Shanghai Auto Show, including Hengchi 1, Hengchi 2, Hengchi 3, Hengchi 4, Hengchi 5, and Hengchi 6, covering passenger car models such as sedans, coupes, SUVs, MPVs, and crossovers.

This is also a highlight moment for Hengda Automobile, but shortly thereafter, Hengda Automobile has turned from prosperity to decline. As the market value of Hengda Automobile plummeted at a high level in early 2021, the share price has plummeted from a peak of 72 Hong Kong dollars to 3.2 Hong Kong dollars today.

　　International Online auto channel News: On April 26th, at the awarding ceremony of 2021 China Automobile Fengyun Festival held by CCTV, "Geely Xingyue L" won the best Zhilian car in China Automobile Fengyun Festival.

　　Xingyue L is a highly intelligent SUV with all the best technologies of Geely. The whole vehicle is equipped with Geely Galaxy OS Vehicle Intelligent Control Center and Qualcomm Snapdragon 8155 chip, which supports the online upgrade of FOTA, providing users with an intelligent and humanized interactive experience. Since its listing for more than 9 months, Xingyue L has won nearly 40 awards, including 2022 China SUV of the year and 2022 Ninth Xuanyuan Award-Top Ten Cars of the Year.

　　Beyond the intelligence of time, Xingyue L has become the leader of intelligent SUV.

　　Geely Xingyue L can realize three screens of IMAX and four screens of 25.6-inch AR-HUD — An intelligent cockpit with the largest "screen ratio" has been built. With the assistance of HWA Expressway, it can actively monitor the surrounding environment, automatically control horizontally and vertically, and stay away from large vehicles. When the lane change conditions are met, the driver can pull the steering lever to complete the lane change. Inheriting CMA’s new intelligent and evolvable electronic and electrical architecture, cross-domain integration and high-speed transmission capabilities make it possible to drive at a higher level, and at the same time, it has the ability to integrate the latest and strongest technologies in the world, so that Xingyue L has the potential for intelligent expansion in the next 5 to 10 years.

Xingyue l

　　Beyond the safety of imagination, Xingyue L is born and powerful, inheriting the world’s top safety genes of CMA supermatrix.

　　Thanks to the 24 sensing components with the largest number of mass-produced fuel vehicles, Xingyue L has nine large-area safety, meeting the global five-star safety in China, Europe and America. The EMA emergency steering assistance system carried by Xingyue L can help the driver to make emergency avoidance when danger comes and minimize the possibility of injury; Elk passed the test with a score of 79km/h, and its body posture is close to perfection, giving users the strongest protection with extreme safety.

Xingyue l

　　Beyond the expected luxury, Xingyue L is in line with the value of 300,000-level products.

　　Cuiyu Blue, which draws on oriental classical elegance, perfectly blends with Xingyue L, and has a long wheelbase of 2845mm; The fineness of pearl stitching and the delicacy of suede complement each other. In order to let users enjoy the quiet experience of "baby-level sleep", Xingyue L has made great efforts in the aspects of acoustic materials, sound insulation materials, sealing strips and double-layer laminated sound insulation glass, and applied ANC active noise reduction technology of high-end headphones to the extreme, with excellent mute effect in all working conditions.

　　Xingyue L comes standard with the Drive-E series 2.0TD engine. The high-power version has a maximum power of 175kW and a maximum torque of 350N·m, which matches Aisin 8AT gearbox and the sixth generation electro-hydraulic four-wheel drive system launched in China, with an acceleration of 7.7 seconds per 100 kilometers and a braking of 37.37 meters per 100 kilometers. The comprehensive mechanical quality far exceeds the same level.

Xingyue l

　　As a heavy product of Geely Automobile, China Star, the high-end series of Geely brand CMA represented by Xingyue L, insists on the popularization of high-end products and the creation of quality cars in the eyes of users. At present, the cumulative sales volume has exceeded 340,000, and the average price has reached 150,000, which has opened up a brand-new track for Geely brand and has become a banner of Geely’s high-quality development. (Photo courtesy of Geely Automobile)

"Fight for the value of Chinese cars" has never been a slogan. Geely China Star is writing the story behind this sentence with its high sales, high value and high premium, and leading Chinese brands to break through.

Data show that the total sales of China Star currently exceed 200,000 units, with monthly sales of 20,000 units, quickly detonating the Chinese auto market, becoming a phenomenon, and successfully entering the "price hinterland" of joint venture vehicles. On November 19, China Star’s flagship SUV Xingyue L ushered in evolution, and launched the Xingyue L Thor Hi · X gasoline-electric hybrid version at the Guangzhou Auto Show, breaking the inherent definition of non-traditional fuel vehicles or new energy vehicles in the past, and becoming "a higher organism in the automotive industry, a new species that continues to evolve". At the same time, Xingyue L also ushered in the first OTA upgrade of the whole vehicle, launched the "Xingyue L Star Enjoy Official Co-creation Plan", and continuously brought users a commonly used and new product experience.

Since its debut, China Star has attracted a lot of attention for breaking through the boundaries of independent and joint ventures and breaking through the barriers of technical constraints. Today, China Star not only rivals the joint venture brands, but also shows a better position in the value competition and becomes the mainstream choice of high-value.

Evolution: A number of leaders, bringing new species of gasoline-electric hybrids

China Star is a CMA high-end series created by Geely into the era of Geely 4.0 comprehensive architecture car manufacturing. It is composed of Xingyue S, Xingrui, and Xingyue L. It integrates the latest technological achievements of Geely Automobile and breaks the barriers defined by joint venture brands in the past. Among them, China Star’s flagship SUV Xingyue L not only redefines the new standard of SUV, but also has epoch-making significance.

In fact, when Xingyue L was listed, Li Shufu, chairperson of Geely Holding Group, once said, "Xingyue L not only inherits the advantages of traditional cars, but also absorbs the bright spots of new energy vehicles, opening up a new path for the transformation and upgrading of traditional cars." Now the launch of the Raytheon Hi · X gasoline-electric hybrid version once again confirms the characteristics of Xingyue L taking into account the advantages of fuel vehicles and new energy vehicles.

The evolved Xingyue L Raytheon Hi · X gasoline-electric hybrid version is Geely’s first model launched after entering the "Power 4.0 Era". It is based on the just-released "Raytheon Zhiqing Hi · X" world-class modular intelligent hybrid platform. It has far superior strength in performance, energy saving and intelligence than its Japanese hybrid competitors.

Specifically, the Xingyue L Raytheon Hi · X oil-electric hybrid version is equipped with a hybrid core drive system composed of a three-speed variable DHT Pro drive motor and a DHE15 hybrid special engine, enabling the geometric expansion of the intelligent driving mode and covering more working conditions.

Among them, the "China Heart" top ten engine DHE15 hybrid special engine, thermal efficiency has reached an unprecedented 43.32%, the coverage rate of high efficiency area is close to 50%, the maximum power is 110kW, the maximum torque is 225N · m, and the liter power and liter torque are veritable best in the same class. The three-speed electric drive transmission DHT Pro is the intelligent energy control center of this car. In the axial size of only 354mm, it is highly integrated with a generator motor and a drive motor, two motor controllers and a three-speed ratio variable speed and torsion mechanism. Under the combined action of the DHE15 engine, the average fuel consumption of 100 kilometers is as low as 4.3L, and the maximum cruising range of full fuel is 1300 kilometers, bringing the strongest power and lowest fuel consumption performance among HEV models in the same class.

At the same time, the Xingyue L Raytheon Smart Engine Hi · X gasoline-electric hybrid version has a full-speed domain parallel function, which can enter the parallel mode at a speed of more than 20km per hour to achieve ejection start, which is much lower than the parallel speed of at least 70km for Japanese hybrid cars, and the system efficiency is increased by 20%.

As a milestone product in the hybrid field, Xingyue L Raytheon Smart Engine Hi · X Hybrid Edition not only pioneered the era of multi-mode transmission of hybrid electric drive, but also adopted the intelligent electronic and electrical architecture GEEA 2.0 to realize the joint control of the power domain and other domains of the vehicle. The system can identify the driver’s driving habits and road congestion, realize driving mode adaptation, self-learning and self-adjustment, and enable 20 intelligent working modes to switch without feeling.

Upgrade: Often used and always new, bringing an experience that exceeds expectations

While Xingyue L has expanded its product lineup to the field of gasoline-electric hybrids, opening up a new path for the transformation and upgrading of traditional automobiles, Xingyue L has not forgotten to speed up its own iteration in intelligent ecology. At this auto show, Geely released the Geely Galaxy OS vehicle function OTA carried by Xingyue L, which brought 49 product upgrades worth 2,750 yuan, continuing to bring users a comprehensive vehicle intelligent ecological experience. It is reported that users who place an order before December 31, 2021 can open the upgrade for free.

In fact, this is the second upgrade of Xingyue L, which has been on the market for only four months. In August this year, Xingyue L has brought a Geely Galaxy OSV1.1 version upgrade to users, bringing 17 new smart experiences to users in four aspects: interaction, vision, application and intelligent control. The officially released OTA function of the whole vehicle adds Huawei Hicar function, which allows mobile phones to cast screens, such as map projection, game playing, etc., as well as more comfortable and convenient new functions.

As the world’s first mass-produced global FOTA fuel SUV, in the future, Xingyue L will push FOTA upgrades every quarter, which will bring product experiences that exceed expectations in intelligent driving, power performance, body control, and digital cockpit interaction. More importantly, OTA upgrades will not be limited to application ecological expansion and experience optimization in the traditional sense, but also put the upgrade of vehicle performance on the agenda. In the future, Geely will continue to keep the Xingyue L’s usual and new through iterations of the underlying design, power performance, and Geely Galaxy OS speed upgrades.

It is worth mentioning that these upgrades of China Star will be co-created with users. In Geely’s view, "products are ships, marketing is sails, and users are water", and user co-creation is the source of China Star’s living water. As early as May this year, Geely announced the user brand "we", becoming the first car manufacturer in the world to release a user brand, narrowing the distance with users.

At this year’s Guangzhou Auto Show, Geely once again promoted the implementation of the "Co-Creation Plan", opened the "Xingyue L Star Enjoy Official Co-Creation Plan", issued a total of 10 million gigabytes to encourage co-creation, invited users to propose the evolution direction of Galaxy OS according to their own preferences and thinking, and put forward their own plans for digital smart cars. Users who contribute will get the permission of Xingyue L permanent free FOTA.

From the world’s first recruitment of Star Enjoy officials, to the listing of 28,000 + Star Enjoy officials to witness together, and then to this OTA upgrade, the launch of the "Star Enjoy L Star Enjoy Officer Co-creation Plan", the continuous maintenance of the evolution ability of Geely Galaxy OS, and the creation of user communication activities IP – CMA Day, CMA Hour, CMA Summer, CMA Life, etc., user co-creation has long been engraved in Xingyue L, and in the genes of China Star, in the "open, co-creation, exploration, happy" user ecosystem, continue to bring users new experiences that exceed expectations.

Break the circle: face to face, enter the "price hinterland" of the joint venture car

The evolution and upgrade of Xingyue L is in fact a microcosm of China Star’s upward breakthrough. China Star’s total sales exceeded 200,000 units and monthly sales exceeded 20,000, becoming the "China Star phenomenon" that appeared again in Geely after the "Boyue phenomenon". It opened up a new track for Chinese brands to rise, and also showed people the courage, determination, sincerity and strength of China Star to fight for the "value of Chinese cars".

When China Star was officially released, Geely made it clear that it would fight for the "value of Chinese cars" and aimed the battlefield at the mainstream joint venture market. Now, China Star has successfully entered the "price hinterland" of the joint venture brand, breaking the boundary between joint venture and autonomy, and truly facing the "high value" and joint venture brand head-on.

Behind this evaluation, there is full user support and data support. Xingrui has accumulated more than 120,000 units in the 12 months of listing, with high-end models accounting for 66% of sales. The average transaction price exceeds 130,000-140,000 yuan, breaking the "ceiling" of the main sales price of Chinese brand sedans 100,000 yuan, becoming the only Chinese brand sedan with a monthly average of more than 10,000 yuan in the 110,000-150,000 level sedan market. Xingyue L has been listed for more than three months. Sales volume is 30,355 units. At present, the total order has exceeded 75,000 units. Sales of high-end models account for more than 62%. The average transaction price of the whole series is as high as 170,500 yuan. It has become the only Chinese brand model with a monthly average of more than 10,000 in the 120,000-180,000 level five-seat SUV market.

Another set of data more intuitively reflects the impact of China Star on the joint venture market. "Now 60% of the replacement users of the’Star series’ are from joint venture brand users, which is the broken circle of China Star," said Lin Jie, senior vice-president of Geely Automobile Group.

Relying on Geely’s technological advantages in the 4.0 era and global high-quality resources, China Star continues to break through the value ceiling to lead the global architecture car-making era, the global hybrid new energy era, and the global 5G intelligent travel era.

Regarding the future, Fan Junyi, executive deputy general manager of Geely Automobile Sales Company, is full of confidence. The goal is that the China Star series will account for 30% of Geely’s total sales in 2022. In fact, "China Star is the first choice for Chinese car buyers, which has become the consensus of Chinese users in the new era. In the era of new technology, China Star will represent Chinese manufacturing to participate in global competition and shine on China’s technological strength.

The "2024 China Beverage Industry Trends and Outlook" report released by Nielsen IQ shows that with the development of social economy, the beverage industry as a whole continues to lead the fast-moving consumer goods market. Entering 2024, the consumption scene, consumer demand, and sales channels of China’s beverage market are becoming increasingly diverse, and the future beverage market will also have the potential to "cycle through". At the same time, "quality-price ratio" replacing "cost performance" is becoming a new consumption concept recognized and pursued by a considerable number of consumers. Faced with such an obvious consumption trend, how can brands seize the opportunity and seize the market?

Under the trend of quality-to-price consumption, Big Kiln Beverages continues to gain the favor of the market and consumers by relying on an efficient and high-quality process that guides product design with demand insights.

The representative "big soda" product line of Dayao Drinks has three flavors: classic guest flavor, lychee flavor, and orange flavor. Recently, 520mL of pineapple flavor and PET series of lime flavor, pineapple flavor, and frozen pear flavor have been added, which are widely welcomed with outstanding taste. For example, Dayao frozen pear, the taste not only retains the freshness and sweetness of the frozen pear itself, but also combines the carbonated bubbles to make the taste more refreshing and rich. Return to Erbin’s Frozen, and continue to harvest a good mood.

In addition, in 2024, the big kiln beverage soda product will be upgraded to the juice version, integrating the original classic taste with the juice demand, and continuously upping the ante juice soda category on the basis of retaining the core characteristics of "refreshing atmosphere" to meet the diversified needs of consumers.

Product performance is outstanding, and quality requires strength to escort. Dayao Beverage has always attached great importance to product quality, and strictly checked from raw material procurement to production process. In terms of production, Dayao Beverage has opened up a full-link digital journey from channels, commodities, marketing, orders, payment to delivery with the help of digital technology, driving cost reduction and efficiency through digitalization. In March this year, Dayao Beverage organized various factories to hold a production mobilization meeting, and conducted a full range of process, operation, quality and other training for production front-line employees to improve the quality control awareness of operators, and ensure product quality while increasing production. Each factory carried out process standard implementation investigation and error prevention landing investigation, improved 41 control measures, strictly grasped the implementation of standards, and carefully guarded product quality.

While ensuring product quality, Dayao Beverage also reduces costs and increases efficiency, improving the competitiveness of enterprises. Since 2014, Dayao Beverage has continued to build production bases in Hohhot, Shenyang, Liaoning, Siping, Jilin, Shizuishan, Ningxia, Baoji, Shaanxi, Tai’an, Anhui, and Fuyang, covering North China, Northeast China, Northwest China, Central China, East China, and South China, narrowing the distance between the production end and the consumption end. Under the condition of ensuring product quality, it reduces transportation costs and channel distribution costs, and provides consumers with higher quality and cost-effective products, such as 520mL of large glass soda, which is comparable in price to about 330mL of conventional soda on the market. Many consumers say that Dayao soda is very enjoyable to drink when serving meals, and the price is also very reasonable.

In this way, Dayao Beverage adheres to market-oriented, consumer demand-oriented, steady innovation, and is committed to bringing consumers higher-quality products, leading the national soda into a new era of quality.

(Member contributions)

This article is edited by Food Partner Network Food Information Center, without authorization, it is prohibited to reprint, if you need to reprint, please contact to obtain authorization to reprint, please contact news@foodmate.net.　

Text/Mr. Mizuki & Zhuojue

Source/Mr. Mizuki said (ID: shuimujunshuo)

Singer Von Timo is hot.

The reason is not a scandal, not a new work, but cancer.

In August this year, Feng Timo interviewed a family.

The host asked, Why did you disappear for more than half a year?

Feng Timo says:Health went wrong, got a cancer, thyroid cancer.

The host looked surprised: That’s benign, right?

Feng Timo says:No, it was advanced malignancy.

On another health talk show, Feng Timo presented his cancer medical records.

"Contrast-enhanced ultrasound shows a high probability of CA."

CA, thyroid tumor.

Feng Timo is a female anchor debut.

Singing skills, emotional intelligence is quite high. After the live streaming host industry, and through their own efforts, into the entertainment industry.

In 2016, he sang the opening song "You Don’t Understand Me" for the movie "28 Years Old".

In 2017, he sang the promotional song "Goodbye Ex" for the movie "Ex 3".

Fame rose, once became a new corner of the music scene.

Feng Timo cherishes everything that is hard-won.

After learning of the cancer, the first thing she asked the doctor was: Will it affect my singing?

The doctor said: Yes, even if you fully recover, it will be difficult to return to the past state.

Von Timo collapsed.

"Singing is not only my career, but also the meaning of my life. After knowing that it will affect my voice, my heart really died."

Unfortunately, thyroid cancer, also known as "lazy cancer," has a very low metastatic rate.

More than 90% of patients recover after surgery.

Von Timo’s surgery went well.

The laryngeal tumor was completely removed and soon discharged from the hospital.

After recovering, Feng Timo lowered his collar, revealing a "smile scar".

Just after the surgery, Feng Timo did have difficulty pronouncing.

Not to mention singing, it would be difficult to make a little louder.

But Feng Timo was unwilling to give up.

After his body recovered 80% to 90%, Feng Timo found a famous teacher and practiced his pronunciation every day.

A few months later, Feng Timo returned to the stage.

Regarding the cause of cancer, Feng Timo did not respond positively.

However, I can roughly guess from the content of her Weibo response.

"Through this cancer, I want to tell everyone, especially the girls, that you must not have internal mental friction, and don’t accumulate negative energy in your heart…"

After Feng Timo rushed into the hot search with cancer, Wu Jian, director of the Cancer Hospital Affiliated to Chongqing University, said:

It is necessary to be vigilant against long-term mental internal friction causing cancer.

Existing studies have shown that emotional internal friction such as sensitivity, suspicion, and nervousness can easily lead to endocrine dysfunction and decreased immunity, which in turn lead to various physiological dysfunctions in the body and lead to cancer.

It’s not just thyroid cancer.

Yang Video once released a popular science video, and stomach cancer is also related to bad emotions.

Negative emotions such as internal friction and tension can reduce the body’s immunity and leave the stomach in a state of high reaction, which can lead to diseases in the long run.

New Weekly has interviewed three cancer patients.

Thyroid cancer, both in their 30s.

The results revealed that these young patients all had one characteristic:The work is stressful and the mood is very anxious.

Photo: New Weekly Interview

If it is not forced by life, who is willing to carry the burden forward.

I don’t want to say tasteless advice like "don’t work too hard" or "take a break".

I just want to say, friends, if the external environment cannot be changed for a while, we can try to change our mindset.

Last week, I had a small chat with a well-connected colleague.

Now the official account market is getting more and more difficult, and the graphic market has been severely impacted by the short video market.

Last year can earn a million accounts, this year basically halved; last year to earn 300,000 accounts, this year I am afraid even to feed themselves are difficult.

Friends complain that their income is getting lower every day, they are very anxious, and they can’t sleep well.

I asked, What’s the worst possible outcome?

The friend said: The account is not profitable, so it is sold cheaply. Maybe I will send the courier.

I asked: If you sell it, you can sell it. In Guangzhou, how much is the express delivery?

The friend said, There are eight thousand.

I said, Can’t I survive with a monthly salary of 8,000?

Friend said: It seems to be able to live…

My words are not to persuade friends to mess up, but to reduce the anxiety of the moment by adjusting the "bottom line mentality".

A few days ago on the short video platform, I saw a quote from Ma Yun.

"You should be serious about life, but don’t be too serious about work. If you are too serious, you will be very tired."

"Being a person is already so tired, and working is so tiring, it’s boring."

"Work should be like play."

This sentence is easy to be misunderstood. If you don’t work seriously, the boss will fire me every minute? How can you live without money?

I think what Ma Yun said "don’t take it too seriously" should beDon’t be too concerned about the quality of the results.

In life, some things can be changed through hard work.

For example, the level of skills, such as speech.

But some things are just about luck.

Such as talent, such as trends, such as the decline of the industry, such as some unpredictable opportunities in destiny.

We’re going to take these and then use a"Let fate belong to fate, let your own belong to yourself"Attitude, looking at everything.

This doesn’t necessarily bring happiness.

But at least it can help us reduce anxiety, make our bodies lighter and our lives lighter.

Anxiety affects people’s health.

A bad lifestyle can also destroy a person’s health.

The "2021 Contemporary Young People Staying Up Late Report" shows that,More than 40% of young people say they stay up late almost every day and fall asleep after the wee hours of the morning.

As for the reasons for staying up late, there are mainly the following:

First, follow the drama and watch the video.

Second, swipe Weibo Zhihu and so on.

Third, play games.

Fourth, think about life

Fifth, online chat

Sixth, work.

It is a common phenomenon for young people to stay up late.

But universal does not mean that this is a normal, rational way of life.

What are the dangers of staying up late?

To put it mildly, skin deterioration, baldness, hair loss, memory loss, poor concentration… People will accelerate aging.

To put it more seriously, the harder you stay up late, the greater the risk of sudden death.

We often get this kind of news.

"The 22-year-old girl died suddenly after staying up late and working overtime."

"The guy was too excited to stay up late playing games and was sent to IUC for rescue…"

I can understand why many people stay up late.

The day belongs to the company, and the night belongs to you.

When night falls and the time approaches midnight, I rationally know it’s time to fall asleep, but my heart is full of unwillingness: brush for five minutes, brush for another five minutes…

It seems that only in this way can we cherish the precious time that belongs to us.

Is that really the only way?

No, definitely not.

If you enjoy it in advance, you will always come back later.

Today you stayed up too late, and tomorrow you will use all possible rest periods during the day to catch up on sleep.

Since that’s the case, we might as well change our posture and cherish time.

Move the sleep time forward a bit.

Push the wake-up time forward a bit.

This results in not only healthy work and rest habits, but also self-discipline.

Your body is better, and your willpower will be stronger than ordinary people – and self-disciplined people are generally not too bad.

Haruki Murakami said,The body is everyone’s temple, and no matter what is enshrined in it, it should be kept strong, beautiful, and clean.

May we be open-minded and look down on external gains.

Allow everything to be as it is, and accept that everything backfires.

May we all enjoy a disciplined and disciplined life.

Less indulgence, more delayed gratification, and always put health first in life.

Today’s topic

How do you feel about this?

Welcome to the comment area to share!

Author:Mr. Shuimu @Zhuojue, source: Mr. Shuimu said (ID: shuimujunshuo), analyze the society, share the view of education, and grow with 5 million readers. There is temperature, depth, and attitude. See you at 21:21 every night. Let our voice become the sound wave that promotes world change.

A post-00s mortician, entering the profession at the age of 16, does not eat meat, does not attend weddings, and does not touch babies…

These three colors are called "depressed colors", and if your child likes them, parents should pay attention!

//

Disclaimer

1. The articles, pictures and videos reproduced in this official account are from the Internet, and their copyright and responsibility belong to the original author. If the source is marked incorrectly or infringes your rights and interests, please inform us and we will delete it immediately.

2. The original articles of the staff of the editorial department of this official account belong to the subject of our WeChat official account.

3. The copyright and responsibility of the original article of this official account belong to the author.

4. If you want to reprint an original article for commercial use, please contact us and do not reprint without consent. Please indicate the source of the article for any reprint. If you have any questions, please contact us, thank you!

??Editor: Comprehensive collation of primary school Chinese

??Source: Mr. Mizuki said

??Labels: Primary School Chinese

Business cooperation WeChat: JJYYshangwu

Click[Looking at]

Please leave a message to share your views!

Responsible editor:

"@China Star Jump" star coach Tian Liang appeared on the 10-meter platform

　　In 2013, Zhejiang Satellite TV China Blue made every effort to create the third and final work of the variety show "China Trilogy" – the large-scale star diving reality show "China Star Jump – Celebrity Splash" premiered tonight! Diving Prince Tian Liang will serve as the star leader and join hands with Cai Zhuoyan, Cai Yan, Gao Hu, A Bao, and the cattle to meet you!