Many consumers think that the cost of buying a car plus the cost of maintaining a car every year is really a lot of money, but now taxi software is so popular that it is convenient and cheap to take a car, and it is not practical to buy a car. However, in bad weather such as cold or hot, carrying a heavy shopping bag or dragging a huge suitcase, or when the driver is in an emergency, he will feel the pain of waiting. Although cars are consumables, and even the rate of preservation is not high, there is no denying that owning a car of your own can really bring great convenience to life, such as going to go on road trip.

Today, we will take a look at the new car BYD Qin PLUS DM-i, including the design, rough interior, high and low performance, etc. Presumably, small owners have dived into major forums and dug countless evaluation videos, so there is no need to go into details in small series. Now, our focus is on the transaction price, discount, sales volume and value preservation of Qin PLUS DM-i, so as to help small owners who are basically targeting and waiting for the opportunity to start more comprehensively.

BYD Qin PLUS DM-i achieved a maximum discount of 95,900% on the transaction price in the past month, with the highest cash drop of RMB 4,800, and the national sales of new cars starting from RMB 125,900. The point price is for reference only, and the actual transaction price is subject to the local dealer.

The figure below shows the sales data of BYD Qin Plus DM-I. The national sales volume in the last month was 13,443 vehicles. I wonder if BYD is still satisfied with this achievement. Most people will follow the sales volume when buying a car, which is the main basis for most people to judge whether a car is good or not without in-depth understanding of a car. Although it is not accurate, it is not groundless, but if you have higher requirements for car selection, you need to make more efforts to fully understand it.

When we buy a car, we will pay attention to all aspects of this model in advance, especially the posts and word-of-mouth posted by car owners in major forums and vertical websites. Apart from the navy, there are still some car owners’ real car experience that is worth learning. Let’s take a look at the word-of-mouth score of BYD Qin plus DM-I. The comprehensive score of BYD Qin PLUS DM-i is 4.75, and the result is not bad, so BYD Qin PLUS DM-i can be considered.

If you have seen the above, you still have doubts about whether BYD Qin PLUS DM-i is worth buying, then you can also look at the performance of competing products of BYD Qin Plus DM-I. Among the following competing products, the Roewe ei6 MAX sold the most last month, with 662 cars. There is always one car for you.

If the price of Qin PLUS DM-i is suitable recently, then friends will hurry! Linkage promotion in many places across the country, and there are even more discount models as low as 30%.

Welcome to Weifang Special Promotion Channel in car home! What we are going to introduce to you today is the preferential activities. At present, this luxury SUV is being promoted at a reduced price in Weifang, with a maximum discount of 179,900 yuan! The minimum starting price is 467,000 yuan. If you are interested in this model, don’t miss this rare opportunity to buy a car. Please click "Check the car price" in the quotation form to get a higher discount.

Volvo XC90 is a highly recognizable luxury SUV, with stylish design and simple and exquisite overall style. The design of the front face adopts the iconic Volvo family design language, and the hexagonal air intake grille and chrome-plated decorative strips are very unique, creating a strong visual impact. The body lines are smooth and concise, which highlights the sense of luxury and sports. The chrome-plated decorative strips on the side of the car body and the design of double waistlines make the car body more dynamic and slender. Generally speaking, the design of Volvo XC90 is full of power, luxury and sports, which perfectly shows the design style of Swedish automobile manufacturers.

Volvo XC90 is a luxury SUV with a body length, width and height of 4953*1958*1778mm and a wheelbase of 2984mm, respectively. The body lines are smooth, and the side design is simple and atmospheric, showing an elegant and steady temperament. Tyre size is 275/45 R20 in both front and rear, and the rim style is exquisite, adding a sense of fashion to the vehicle. At the same time, the specific parameters of the front and rear wheel tracks of the car are not yet visible.

The interior design of Volvo XC90 is simple and luxurious, and it is made of a lot of genuine leather, so it feels soft and comfortable. The steering wheel is wrapped in leather, and the position can be manually adjusted up and down and back and forth, so drivers can easily find the driving posture that suits them best. The 9-inch central control screen provides intuitive and easy-to-use multimedia system, navigation, telephone and air conditioning control functions, and supports voice recognition control system, so that drivers can concentrate more on driving. The front and rear seats are made of leather, and the front and rear seats can be adjusted back and forth, backrest adjustment, height adjustment and lumbar support. The front seats also have heating function. The rear seats are laid down in proportion, and the space can be flexibly adjusted as needed. At the same time, the front and rear rows are equipped with USB and Type-C interfaces to meet the charging needs of passengers in the car.

The Volvo XC90 is equipped with a 2.0T 250 HP L4 engine with a maximum power of 184 kW and a maximum torque of 350 N m.. This engine is matched with an 8-speed automatic transmission to provide a smooth driving experience and excellent acceleration performance. No matter on urban roads or highways, XC90 can provide enough power to make drivers feel the ultimate driving pleasure. In addition, the engine also has the characteristics of high efficiency and energy saving, saving fuel costs for users.

In the eyes of car home car owners, the design of Volvo XC90 is very atmospheric and highly recognizable. Although it doesn’t like its rear design very much, it is acceptable. The owner also mentioned the design of hidden chrome-plated double exhaust pipes, indicating that it cannot be forced. However, for a luxury SUV, design is not the only important factor. Volvo XC90 also has excellent performance in interior, safety performance and driving experience. For example, it is equipped with advanced safety systems, such as City Safety automatic emergency braking, 360-degree panoramic camera and blind spot monitoring, etc., to provide all-round protection for drivers and passengers. In addition, it also adopts luxurious materials and humanized design, such as advanced leather seats, Bowers & Wilkins sound system and rear entertainment system, which brings comfortable driving experience to drivers and passengers. Therefore, although the design may not be perfect, the Volvo XC90 is still an excellent luxury SUV, which is worth considering.

Original title: Subject three is popular all over the world, and Yang li Ping’s team jumped into subject three and caused controversy. Netizens have mixed opinions on this.

Recently, an online popular dance named "Subject III" not only exploded the domestic short video platform, but also spread all over the country, and even went abroad and became a global phenomenal dance.

The dance step of "Subject III" originated from the wedding in Guangxi, mainly because relatives and friends "get married" at the wedding. It is similar to social shaking, and has become very popular after improvement. Therefore, "three subjects that Guangxi people must take" has been derived, and subject three is this set of small dance steps.

Rhythmic background music, coupled with waving hands, twisting waist, swinging hips, and half-twisted foot movements, attracted all ages and industries to imitate each other. And in November, 2023, bloggers "eat eight bowls of rice at a time" and "shut your tomatoes" brought it to the forefront, which attracted the attention of netizens, and "subject three" was completely out of the circle.

"Subject 3" ordinary people are jumping, and so are the stars. Before, Zhu Zixiao had danced "Subject 3" with the staff in Haidilao, and the related videos had a high popularity. Then when Ruoyun Zhang was promoting his new work, he was also cued by the audience and jumped up "Subject 3" on the spot.

Not long ago, in Reuters, Laos station of Five Ha 4, Lu Han Michael Chen also led a group of guests to dance "Subject III", which was hilarious and funny, and was also teased by netizens that "at first glance, there was no less secret practice".

With the popularity of "subject three", more and more people have joined the challenge of "subject three". The world ballroom dancing champion took the lead in jumping "Subject 3", the Royal Russian Ballet jumped "Subject 3" at the curtain call, and the fitness blogger Pamela claimed that "Subject 3 is popular all over the world in Germany", and formally applied for the battle with her brother and danced the fitness version of "Subject 3" together. From this point of view, "subject three" is already popular all over the world.

Recently, after the performance, Yang li Ping’s team also collectively returned to the stage and danced "Subject 3". However, this incident triggered a hot discussion on the whole network, and some netizens commented that "the world is a huge subject 3".

For the current "subject three" fire, netizens’ comments are mixed. Some people think that this is a cultural export. In those days, "Jiangnan style" was popular all over the world. Why can’t "Subject III" be widely popular now?

However, some people say that they can’t appreciate the dance of "Subject III", saying that its dance movements are vulgar and I don’t know why it is popular.

In fact, there is no distinction between high and low performances. Some things are reasonable when they exist. If you like them, you can join them, and if you don’t like them, you can brush them lightly. There is no need to think that you are standing on the moral high ground to make irresponsible remarks.

Because of the popularity of "Subject III" all over the world, it has been reported that "Subject III" is about to board this year’s Spring Festival Evening, and many actors are stepping up their practice. What do you think of this?

Editor in charge:

　　On May 19th, the "Global Super Safe Smart New Energy Flagship Car" released the domestic pre-sale price, including three EV models and one DM model. After the national comprehensive subsidy, the pre-sale price of the luxury version of Han EV is 240,000 yuan, the pre-sale price of the distinguished version of Han EV is 260,000 yuan, and the pre-sale price of the flagship version of Han EV four-wheel drive high-performance version is 280,000 yuan; Han DM four-wheel drive performance version of the luxury pre-sale price of 230 thousand yuan. The cruising range of the luxury and distinguished NEDC of the Han EV long battery life version is 605 kilometers, and the cruising range of the high-performance flagship NEDC of the Han EV four-wheel drive is 550 kilometers.

　　On May 13th, BYD announced the launch of Han EV in Europe. The estimated price range in Europe is 45,000-55,000 euros (equivalent to about 346,000-423,000 yuan). On the whole, Han’s domestic pre-sale price far exceeds the industry and market expectations, which brings great surprises and is bound to have a far-reaching impact on the large and medium-sized new energy luxury car market. Of course, the pre-sale of such a heavy model is indispensable: before May 31, scan BYD e to buy small program code and deliver 99 yuan’s intention money online, so you can participate in the activity of doubling Difenhui points; Before May 31st, the authorized dealer of Han model can pay a deposit of 10,000 yuan and enjoy a gift of 60,000 yuan for science and technology. The above two rights can be enjoyed at the same time.

　　Set up three benchmarks, and Han’s strength is in a comprehensive and balanced lead.

　　Among the new energy vehicles that have been and will be listed in 2020, Han, as a brand-new masterpiece for the medium and large luxury car market, undoubtedly has the most flagship temperament and strength. Based on the product development concept of "all-round, balanced and leading, life-cycle safety", Hanji integrates the world’s leading hard-core technology, and its superior product strength sets a benchmark for the safety, performance and luxury of new energy cars.

　　Han is the world’s first production car with blade batteries, and the battery safety performance has been doubled. Compared with ternary lithium battery pack, the leading performance of blade battery in safety has been unanimously recognized by the industry. More reasonable body structure design, load transmission path, selection of environmental protection materials in the car and safety configuration far beyond the same level products make Han the safest new energy vehicle on the market at present.

　　Han is equipped with a blade battery with high volume energy density. Combined with the comprehensive optimization of high-speed energy consumption, braking feedback, temperature control in the car and other scenes, the cruising range of NEDC can be as high as 605 kilometers. In addition, Han has also created a real long battery life closer to the real car scene and a fast charging ability of 10 minutes and 135 kilometers. In addition, 3.9 seconds to accelerate the breaking of 100 meters, 32.8 meters of the world’s shortest new energy vehicle braking distance of 100 kilometers and other powerful performance, creating an amazing performance benchmark for new energy vehicles.

　　The Dragon Face design language adopted by Han combines the dragon element with the efficacy aesthetics, and the curved surface design of the front face, the D-pillar slip back line and the through taillight design set off the luxury temperament of medium and large cars. The driving space in the car is centered on the large-size floating central control panel, and the multi-function steering wheel, full LCD instrument panel, air conditioning outlet and speakers are unfolded in a zigzag layout on both sides, showing the connotation of Chinese luxury.

　　Han’s intelligence is also refreshing. DiLink3.0 system provides multi-theme and personalized human-computer interaction interface, and builds a luxurious and intelligent S-class flagship driving space through the seamless combination of voice and screen. At the same time, Han launched the DiPilot intelligent driving assistance system, which includes the rich DiDAS driving assistance technology and the unique DiTrainer coaching mode. DiDAS includes APA full-scene automatic parking function, and DiTrainer coaching mode can selectively turn on auxiliary driving function according to driving behavior, road conditions, weather and even driving age.

　　Facing three scenarios, Han knows more about new energy vehicle users.

　　Han’s target population knows how to choose a high-quality new energy vehicle, and also has high standards and strict requirements for daily car scenes. Han also knows more about the real needs of consumers of new energy vehicles. Taking battery life as an example, Han EV not only has a cruising range of 605 kilometers, but also strengthens real scenes such as high speed, traffic jam and air conditioning, creating a real battery life beyond the working conditions for users.

　　First of all, high-speed road conditions, 70% of the resistance comes from wind resistance, Han ultra-low wind resistance coefficient can greatly reduce high-speed energy consumption, so that the heart will no longer "jump together" with electricity. Second, the city is congested with road conditions. Han is equipped with the world’s most efficient IPB energy recovery system, which can recover 10% more braking energy and "feed back" the battery life. The third is the temperature control in the car. Han maintains excellent air tightness in the car through three seals of the whole car, which can keep warm in winter and summer, effectively reducing the frequency of air conditioning; At the same time, Han adopts Fuyao’s double-layer silver-plated windshield, which can reflect 40% of the heat outside the car. In summer, the heating speed inside the car is much better than that of ordinary models, saving power consumption again and increasing the battery life.

　　Every time a new car comes out of BYD dynasty series, its reputation will go up to a higher level. As the flagship of the dynasty, Han will play the same role, bringing users a higher quality experience. What surprises will Han bring after the pre-sale price is announced? Let’s look forward to it.

Mercedes-Benz E300 is a hybrid vehicle, which is excellent in energy saving and equipped with a 2.0T turbocharged engine, making it easy to drive. The driving experience of this car has always been the characteristic of Mercedes-Benz, which can bring excellent comfort experience whether driving or riding.

Mercedes-Benz E300L is a car specially built for China market, and its extended wheelbase fully meets the needs of domestic users. The domestic version of this car will provide a more competitive price, which is more advantageous than the imported version.

The wheelbase of the new generation Mercedes-Benz E-Class will be lengthened by 14cm, from 2874mm to 3014 mm.. In terms of power, although it has not yet been determined whether the E300 CGI engine will be installed, it is likely to be a 1.8L CGI turbocharged engine, and low-displacement vehicles such as E200 and E260 will be introduced in the future.

The configuration of Mercedes-Benz E300 is also very luxurious, including the interior atmosphere lights on Mercedes-Benz S-Class, which can provide better lighting effect. In addition, the headlights will automatically adjust the brightness according to the external environment, which is better than the lighting effect of Audi A6.

In terms of appearance, Mercedes-Benz E300L has a length of 5065mm and a mass of 1.8 tons. The LED headlights on the front of the car are particularly obvious. The chrome-plated decorative strip on the front fence is one of the signs to distinguish the models. The rear fender has an aluminum alloy decorative strip extending backwards, which represents the extended design of this car.

2023

News selection of top ten listed companies

Participate in the voting and get a chance to get a surprise gift!

11 December-22 December

"e burns on contact"

The new year is approaching, and the annual "Top Ten Listed Company News" selection of Securities Times E Company comes as scheduled. Vote and you will have a chance to take home the New Year gift package!

In 2023, China’s economy rebounded. As a "barometer" of macro-economy, the group of listed companies tells the story of China’s economic development in twists and turns with concrete and vivid business performance. Securities Times E Company has always adhered to the main position of reporting by listed companies, and is committed to providing valuable information to investors and bringing vivid and detailed company news stories to readers.

Looking back at the end of the year, what news of listed companies happened in 2023 that impressed you the most? What major events will be the most striking milestone in 2023 when China’s economy turns to a new stage of development?

Here, Securities Times E Company selects 18 pieces of news of listed companies and invites you to review the important stories of listed companies in 2023 and vote for "Top Ten News of Listed Companies in 2023".

01, the main board registration system, the first batch of 10 enterprises listed.

On April 10th, the A-share market officially ushered in the listing of the first batch of 10 companies registered on the main board. So far, all major sectors of the capital market, including the main board, Growth Enterprise Market, science and technology innovation board and Beijing Stock Exchange, have basically achieved the registration system, and China’s capital market has stood at a new starting point for high-quality development.

02. Evergrande Xu Jiayin was taken compulsory measures.

On September 28th, Xu Jiayin, the actual controller of Evergrande Group, was taken compulsory measures according to law, leaving China Evergrande with debts as high as 2 trillion yuan. From "the richest man" to suspected criminals, a number of "real estate bosses" represented by Xu Jiayin gradually declined, which indicates that the real estate industry in China is entering a new stage of development.

03, the first batch of forced delisting enterprises in science and technology innovation board were released.

On July 7th, the delisting Amethyst and Delisted Zeda were delisted, becoming the first batch of compulsory delisting enterprises in science and technology innovation board. So far this year, 46 A-shares have been delisted, and the "face value retreat" generated by investors voting with their feet has gradually become the mainstream of delisting, and the delisting system is constantly playing the role of "purifier" in the market.

04. Huijin entered the market.

On October 11th, Huijin increased its holdings of ICBC, Agricultural Bank, Bank of China and China Construction Bank. The last time Huijin increased its holdings of the four major banks can be traced back to 2015, conveying a positive signal of stabilizing the capital market. Subsequently, Huijin announced the purchase of ETF to further directly support the market.

05. Zhang Jin, the actual controller of Cedar’s "non-smoking" case, was controlled.

On the afternoon of May 7, Huangpu District Branch of Guangzhou Public Security Bureau filed a case for investigation and punishment on the suspected illegal absorption of public deposits by subsidiaries of Cedar Holdings, and the actual controller Zhang Jin was under criminal control. Among the listed companies of Cedar, Qixiang Tengda has been decoupled in advance, and *ST Xuefa said that it remains independent in business. Cedar Holdings, with the aura of "Fortune 500" on its head, has repeatedly exploded events related to "self-integration", and several investigation reports of it by Securities Times have caused great repercussions.

06. A-share repurchase wave of 100 billion yuan

The wave of repurchase of A-share listed companies is constantly emerging, and all capitals work together to maintain market confidence. Since 2023, the number of companies that have issued repurchase plans (including multiple repurchases) has exceeded 1,600, a record high; The total amount of repurchase funds in progress throughout the year exceeded 100 billion yuan. At present, the "support" legion is still expanding.

07, Ant Group was fined 7.1 billion.

On July 7, the central bank announced that it would impose a fine of 7.123 billion yuan on Ant Group, requiring it to shut down its illegal "mutual treasure" business. Taking this as a node, most of the outstanding problems in the financial business of platform enterprises have been rectified, and the focus of financial management departments has shifted from promoting centralized rectification of financial business of platform enterprises to normal supervision.

08, BYD’s 5 millionth new energy vehicle rolled off the assembly line Wang Chuanfu shed tears.

On August 9, BYD’s 5 millionth new energy vehicle officially rolled off the assembly line, becoming the first car company in the world to reach this milestone. Wang Chuanfu shed tears at the scene. He predicted that the penetration rate of new energy vehicles in China market will exceed 60% in 2025, and a number of respectable world-class brands will be born in China automobile industry. The prospect predicted by Wang Chuanfu is accelerating. Three months after the end of this activity, BYD announced that the company’s 6 millionth new energy vehicle was off the assembly line.

09. The shareholders of my music home were severely hammered for illegally reducing their holdings.

The era of "illegal reduction and self-punishment of three cups" has passed. On September 27th, Yu Fanyi and others, shareholders of Le Jia’s over-reduced shareholding, were severely punished by "no penalty", with a total amount of nearly 50 million yuan. In the same period, Xu Xiong, chairman of Oriental Fashion, who was involved in illegal reduction, was arrested. The "new regulations on reducing holdings" issued by the China Securities Regulatory Commission on August 27th is reshaping the market ecology.

10. AVIC Electric Power Survey was reorganized into Chengfei Group.

The reform of state-owned enterprises continued to advance in 2023. On February 1st, AVIC announced that it planned to buy 100% equity of aviation industry Chengfei at a price of 17.442 billion yuan, which was the most eye-catching case this year. China’s most advanced fifth-generation fighter J -20 will land in A shares through this reorganization.

11. Contemporary Amperex Technology Co., Limited and Ford cooperated to build a factory in the United States.

On February 14th, Ford and Contemporary Amperex Technology Co., Limited reached an agreement that Contemporary Amperex Technology Co., Limited would provide technical and service support for the production of Ford’s new lithium iron phosphate battery factory in the United States. China’s high-end manufacturing is accelerating to seize the global market, and the "new three" consisting of electric manned vehicles, lithium batteries and solar cells leads foreign trade exports.

12. Dongfeng Motor cut prices on a large scale.

In March, Dongfeng Motor subsidized the price reduction on a large scale, and then this price reduction tide swept across the country, covering almost all mainstream brands, which effectively boosted the popularity of automobile consumption in a short period of time. The year 2023 is coming to an end, and it has become a mainstream consensus that the automobile industry will achieve the goal at the beginning of the year smoothly and even beyond expectations.

13. The "third arrow" of equity financing of housing enterprises will be launched again.

On June 16th, China Merchants Shekou announced that the reorganization of the company was approved by the China Securities Regulatory Commission, and on October 17th, it completed the listing of additional shares, becoming the first A-share real estate enterprise to successfully test the "third arrow". The equity financing channel of A-share housing enterprises has been reopened after many years of suspension, and the policies that are not suitable for the current real estate supply and demand situation are being gradually optimized.

14. Yao Zhenhua defeated Zhongju Gaoxin.

On July 19th, Yao Zhenhua, the chairman of Baoneng Group, screened the Internet. On this day, he went to the actually controlled Zhongju High-tech Research Institute but was turned away by the security guard. A few days later, Yao Zhenhua lost control of Zhongju Hi-tech, and was exposed to the embarrassing video of being beaten by unpaid employees. It is Wang Shi, an old rival, who supports Yao Zhenhua. "The mentality of the society on this matter is to eat melons and watch the fun. I feel sad."

15. The first case of Jingwei Textile Machinery’s A-share delisting without loss.

On August 29th, Jingwei Textile Machinery announced its voluntary delisting and delisted on October 26th, becoming the first listed company in A-share market to withdraw from the market without loss. Jingwei Textile Machinery did not clearly explain the reasons for the voluntary delisting, but the overdue payment of many products of its subsidiary Zhongrong Trust was worrying.

16, ask the new M7 released.

On September 12th, the new M7 developed by Huawei was listed, which won over 60,000 awards a month later, driving a series of concept stocks such as Cyrus to strengthen collectively. Yu Chengdong, the managing director of Huawei, said that he was "far ahead", which was constantly updated this autumn.

17. Zhejiang Guoxiang suspended the issuance.

On October 7, the Shanghai Stock Exchange urgently stopped Zhejiang Guoxiang IPO and carried out special verification. The company’s second IPO had attracted continuous media attention. Since 2023, there have been 213 companies that have terminated IPO review. The reform of the registration system is not to "let it go", but to fully consider China’s national conditions, credit environment and the development stage of the capital market, and strictly control the quality of listed companies.

18. Aolian Electronics "Perovskite God" was counterfeited.

High-profile teamed up with the "Perovskite Great God", but the fake "Great God" has a false resume. The stock price soared by 200%, and the final increase was completely smoothed out. The A-share market is waiting for the results of the investigation of Aolian Electronics by the regulatory authorities. Under the main tone of strengthening supervision in an all-round way, nearly 100 listed companies have been investigated by the CSRC this year. It is not empty talk to strengthen supervision in an all-round way and effectively prevent and resolve risks.

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"My Weibo is generated and published by Mind GPT. He is good at surfing the Internet and surfing online. I am responsible for being amiable offline. Weibo’s remarks cannot represent me personally. " Recently, Li Xiang, Chairman and CEO of LI, posted on social platforms.

Li Xiang, Chairman and CEO of LI. Photo courtesy of enterprises

The spring breeze is full of horseshoe disease, and running all the way, LI, led by Li Xiang, has been "super-class" all the way. For a long time, LI has been learning from Apple’s products. Li Xiang said in the first quarter earnings conference call in LI in 2022: "I will look at my own ability after ten years, hoping to make it the same level as Apple."

However, under the pressure of M7, Li wants to lead the team to "learn Huawei in an all-round way" in the second half of 2022. LI, led by the "crazy" Li Xiang, is running wildly in sales, far exceeding Weilai Automobile and Xpeng Motors.

At the same time, LI’s pricing is also "beyond the standard", with the product price range from "150,000 yuan to 500,000 yuan" to "200,000 yuan to 500,000 yuan", and the pricing of pure electric vehicles will exceed 500,000 yuan by the end of the year.

LI’s strategy is also rushing, upgrading from a scale of 10 billion to a comprehensive matrix organization with a scale of 100 billion. Release the "dual energy strategy", build more than 300 high-speed charging stations by the end of 2023, and expand its charging station network to 3,000 by 2025. LI is marching towards 500 billion revenue.

Li Xiang, Chairman and CEO of LI. Photo courtesy of enterprises

Sales are running wild.

"LI has delivered more than 20,000 vehicles for three consecutive months. As of June 18, LI has sold 19,800 vehicles this month, and we will hit the higher monthly sales target of more than 30,000!" Before the Dragon Boat Festival, LI was full of confidence in June sales data.

LI relies on intensive product release. In June, 2022, LI released the Ideal L9, ending the history of living on one car for four years. On the eve of the National Day that year, LI released the ideal L8 of Li ONE replacement model.

At the same time, LI’s "three children" ideal L7 was "premature". At the conference of Ideal L8, LI released Ideal L7 "incidentally". Finally, the ideal L7 came out in February this year.

With the joint blessing of Ideal L7, Ideal L8 and Ideal L9, LI’s monthly sales increased. From January to May this year, the sales volume in LI was 15,100, 16,600, 20,800, 25,700 and 28,300 respectively.

At the same time, Weilai Automobile and Xpeng Motors in Weili met with growing pains. From January to May this year, the sales volume of Weilai Automobile was 8500, 12200, 10400, 6700 and 6200 respectively. In the same period, the sales in Xpeng Motors were 5200, 6000, 7000, 9000 and 7500 respectively.

"All the stocks in Li ONE have been sold out, and the limit of weekly production capacity in June is 7,500 vehicles. The core tasks in the third quarter are: L8 and L9 return to the monthly delivery of 10,000 vehicles, and L7 challenges the monthly delivery of 15,000 vehicles. Li ONE’s inventory sales of more than 600 vehicles per week, L8 Air will all be transformed, and it is not difficult to sell more than 10,000 vehicles per month. " LI Chairman and CEO Li Xiang said.

At the same time, in June, the website of the Ministry of Industry and Information Technology showed that LI was officially granted the qualification of Beijing LI Co., Ltd. According to the current capacity planning, there are two production bases associated with this qualification, namely LI Green Smart Factory in Shunyi District of Beijing and Changzhou Intelligent Manufacturing Base in LI, Changzhou City, Jiangsu Province.

At present, Li ONE, Ideal L9, L8 and L7 are all produced by Changzhou Intelligent Manufacturing Base in LI. Beijing Green Smart Factory in Shunyi officially started construction in October, 2021. The factory was transformed by the former Beijing Hyundai No.1 Factory. The whole project investment exceeded 7.5 billion yuan, and it is planned to be officially put into production this year. After commissioning, it will achieve an annual production capacity of 100,000 vehicles.

In pursuit of victory, LI announced in June that the first pure electric vehicle "Ideal MEGA" will be officially released at the end of this year. "I am confident that it will become the first sales volume of all passenger cars with a price of more than 500,000 yuan, regardless of energy form and body form, breaking the traditional cognition that high-end pure electric vehicles cannot become explosives."

The reason why LI can stand out among the new forces in car manufacturing is that Han Weidong, an analyst at Guosen Securities, believes that LI has adopted the dual-technology route of extended-range electric and high-voltage pure electric, which has well adapted to the needs of customers in the period of automobile electrification transformation. In the case that the problem of charging energy for pure electric vehicles still has shortcomings and cannot adapt to all travel scenarios, extended-range electric vehicles are an excellent transitional choice. It has better cost control ability and higher overall operating efficiency. Compared with the mainstream new force car companies, all business indicators and operating indicators in LI are at the best level.

Prices are running wild.

Under the rush of sales, LI’s pricing ceiling continued to break through. The pricing of the first pure electric vehicle "Ideal MEGA" will exceed 500,000 yuan.

As early as February 2021, the price range of products in LI was 150,000 yuan to 500,000 yuan. In August of that year, when it went public in Hong Kong, the LI prospectus adjusted the price range of smart electric vehicle products. The lower limit of the price range has been raised from 150,000 yuan to 200,000 yuan, that is, "strategically focus on new energy vehicles with prices ranging from 200,000 yuan to 500,000 yuan".

Shen Yanan, co-founder and president of LI at that time, told the Beijing News Shell Finance reporter that it is a fast-growing market to further define the product positioning as family-made cars. The market size of 200,000 to 500,000 yuan will exceed 5 million vehicles this year, and it is expected to exceed 8 million vehicles in 2025. We are more willing to focus on this price range. In addition, pricing is also related to the positioning of luxury smart electric vehicles.

In fact, the prices of ideal L7, ideal L8 and ideal L9 are all between 300,000 yuan and 500,000 yuan. Regarding the firm pricing, Li Xiang once said, "Many people say, why doesn’t the ideal reduce the price to less than 300,000? The same problem, consumers do not accept a good brand of medium and large SUVs sold for more than 200,000. "

However, Li thought it might be necessary to pay attention to a situation. In the first quarter of 2023, LI’s revenue was 18.79 billion yuan, and a total of 52,600 new cars were delivered, with an average price of 357,200 yuan. The average price is equivalent to the pricing of the ideal L7. At present, the sales of the ideal L7 also contribute the most.

The price of "Ideal MEGA" will exceed 500,000 yuan, or it is related to LI’s high investment. LI has previously issued a "dual-energy strategy" which includes two major directions: "intelligence" and "electricity". In June, Liu Qiang, the person in charge of power drive in LI, said, "In terms of power strategy, LI will build a 5C model with a charging time of 9 minutes and 30 seconds and a battery life of 400 kilometers, a 5C super charging network and an automatic charging robot to effectively solve the two major problems of slow charging speed and long-distance charging difficulty."

Zeng Duohong, an analyst in soochow securities, believes that the launch of new pure electric products will improve the layout of the company’s new energy vehicle product line. The L series extended range product line will match the pure electric product line launched in 2024-2025, and rely on core technologies such as 800V high voltage +5C battery +Mind GPT+ scenario NOA to help the overall sales/market share increase continuously.

Zhang Xiang, a visiting professor at Huanghe Institute of Science and Technology, believes that the competitiveness and attractiveness of the first pure electric vehicle in LI may not be as good as that of the extended-range vehicle, because the market development stage and situation are different. At first, there were few competing models of extended-range vehicles, and the market was a blue ocean; At present, there are many competitors in the pure electric vehicle market, such as Tesla and BYD.

"Now the market competition is very fierce, the growth rate of the new energy automobile industry is slowing down, and the growth of LI may also slow down. In order to maintain growth, LI should expand its product matrix, and its products should sink. It can’t just do more than 300,000 yuan, but also sink to 200,000 yuan, otherwise the growth momentum may be slowly lost." Zhang Xiang believes.

The strategy is running wild

Li Xiang has always been a fanatical fruit powder, and his products have always been in line with Apple: the doll strategy of "one configuration" is similar to that of the early iPhone with only one model; Drawing lessons from Apple’s product model, besides the Pro version and Max version, the Air version is launched.

Li Xiang was influenced by Huawei again. In June, Li Xiang wrote, "In the third quarter of 2022, the release and trading of M7 in the world directly crippled Li ONE. We have never met such a strong opponent, and for a long time we have no strength to fight back. HW’s super ability directly caused Li ONE’s sales to collapse and stop production in advance. It lost more than one billion in one quarter, and the team was disabled. I couldn’t sleep at all. Our ability was really poor, and it collapsed in the face of people’s very basic moves, which caused a large number of product experts who struggled in the front line to leave. "

In fact, at the end of June, 2022, LI’s "two children" ideal L9 was released, which was called "the best flagship SUV for home use within 5 million" by Li Xiang, and the delivery volume of LI in August of that year suffered a "waist-cutting" drop. In the third quarter of 2022, the delivery volume was 26,524 vehicles, with a year-on-year increase of only 5.6%; The company’s net loss expanded year-on-year.

In fact, the asking M7, regarded by Li Xiang as a super rival, sells for around 300,000 yuan. At that time, Huawei Yu Chengdong proposed that "the goal of M7 is still to surpass the comfortable and intelligent experience of millions of luxury large SUVs and MPVs."

In the face of pressure, Li Xiang introduced that at the end of September 2022, the company held a strategic meeting to reach a consensus to comprehensively study Huawei, upgrade the matrix organization as soon as possible, and be able to fight positional warfare and bid farewell to guerrilla warfare completely. "Our management team has bought no less than ten public books on HW. We were surprised to find that the painful problems we encountered in product research and development, sales and service, supply and manufacturing, and organization of finance and economics were solved more than ten years ago, even twenty years ago."

Determined to learn from Huawei, in December 2022, LI launched a comprehensive matrix organization upgrade with an annual income of 100 billion yuan. "In the development stage from 0-1, speed is efficiency, and the vertical organization model has helped us achieve a revenue scale of 10 billion, and we have done very well; From the development stage of 1-10, quality has become efficiency. We need to use organizational upgrading to achieve a breakthrough in the scale of billions of income and challenge the scale of trillions of income. " Li Xiang said.

At the Shanghai International Auto Show in April, 2023, LI released a "dual-energy strategy" with two directions: intelligence and electric energy. By 2025, LI will form a product layout of "one super flagship+five extended-range electric vehicles+five high-voltage pure electric vehicles", which will be oriented to a market of more than 200,000.

With the continuous high sales volume, when Li Xiang forwarded the news that "new energy vehicles are exempt from vehicle purchase tax" on June 21, he said, "Very good, and directly gave a four-year stability policy. There is no excuse for our team to achieve the strategic goal of the company in 2025. 1.6 million vehicles/year, 500 billion revenue, verified in early 2026! "

Li Xiang and LI running all the way, all the way "super class".

Han Weidong believes that it is predicted that the company’s total revenue in 2023 will continue its rapid growth in recent years, reaching a scale of about 90 billion yuan, mainly due to the rapid increase in automobile sales again. In terms of profitability, it is predicted that the company will turn losses into profits in 2023. Under the background of increasingly fierce competition in the industry, it is expected that marketing and management expenses and research and development expenses will continue to grow at a high rate, which will erode the total profit scale to some extent. At the same time, it is predicted that the company’s revenue level will continue to grow at a faster rate in 2024, reaching a scale of more than 130 billion yuan, and the profit level is expected to be significantly improved.

Beijing News Shell Financial Reporter Chen Weicheng

Editor Xu Chao

Proofread Liu Jun

On December 28th, the 4th "Make the World Love Made in China" Summit Forum was moved to the headquarters in Gree Electric, Zhuhai, which was the first large-scale event held at the headquarters after the transfer plan of Gree Electric (000651) was finalized.

When interviewed by reporters after the meeting, Dong Mingzhu, the chairman of Gree Electric, said that he was "not satisfied or dissatisfied with the scheme" when talking about the transfer of control rights. She said that the steady development of Gree Electric over the years is not due to a certain shareholder, but mainly depends on the management team. This time, Zhuhai SASAC withdrew from the position of major shareholder in the hope that Gree Electric would become a more market-oriented listed company.

Dong Mingzhu also stressed that after the transfer of Gree Electric’s controlling stake, there will be "three invariants": the integrity of society, the cultivation of employees and the protection of the legitimate interests of shareholders cannot be changed.

Dong Mingzhu, Chairman of Gree Electric　

Withdrawal of state-owned assets: in order to establish a more market-oriented system.

On December 15th, Zhuhai SASAC officially approved Gree Group’s plan to transfer 15% of Gree Electric shares to Zhuhai Mingjun. Gree Electric will become a public company without controlling shareholders and actual controllers.

Dong Mingzhu explained that Zhuhai SASAC sold its shares in the hope that Gree Electric would become a truly public company. Dong Mingzhu quoted Guo Yonghang, secretary of Zhuhai Municipal Party Committee, as saying that the government should "show up immediately when enterprises need it;" When enterprises don’t need it, you are far away and keep a clear political and business relationship. " Dong Mingzhu said that the focus of this transfer of Gree’s control right is not the withdrawal of state-owned assets, but the establishment of a market-oriented system for listed companies to operate and develop better.

In addition, the transfer of control rights in Gree Electric was also promoted under the background of the accelerated development of Guangdong-Hong Kong-Macao Greater Bay Area. "Zhuhai is located in the center of Greater Bay Area. We have more thoughts and positioning for the future construction of Greater Bay Area and the development of Zhuhai. I feel that through this equity transfer, more listed companies will be built for Zhuhai, and (Zhuhai) will become a more market-oriented place that is conducive to the faster development of enterprises. " Dong Mingzhu said that the equity transfer is of far-reaching significance.

According to the announcement on December 2nd, the price for Gree Group to transfer 15% equity of Gree Electric is 41.66 billion yuan. If the transaction is finally made at this price, the takeover party will have a floating profit of 16.6 billion yuan by taking this 15% equity based on the current share price of Gree Electric.

Dong Mingzhu revealed that Gree Electric will build Gree Tower in Hengqin, Zhuhai, to provide some support for the development of Macao. "Although there are more than 10 research institutes and nearly 100 research institutes in Gree Electric, with the diversified development, Gree will build more research institutions. Building Gree Building in Hengqin is a platform to boost Macao’s development and provide talents for the University of Macau and Macau University of Science and Technology. "

Gree Electric launches Gree three-generation mobile phones.　　

Management is the biggest beneficiary? The team is pure.

Gree Electric’s 15% equity was taken over by Zhuhai Mingjun, and behind Zhuhai Mingjun, besides Gaoying Capital, Gree Electric management also participated in the shareholding. Some outsiders believe that the biggest beneficiary of the transfer of control rights in Gree Electric is the management of Gree Electric.

Dong Mingzhu responded that Gree Electric’s management is a pure team. In the past 20 years, it has never been more concerned about the company’s shares. It is bent on making Gree bigger and stronger, and there is no other idea. The development of an enterprise is not supported by capital, but by the innovative culture of the enterprise.

According to CICC’s report, Gree Group’s plan to transfer 15% of Gree Electric’s equity has properly arranged the interests of Gree Electric’s management. Among them, Gree Electric management entity will subscribe Zhuhai Mingjun 2.426 billion yuan, and get 11.10% of the capital contribution; In addition, the management entity obtains 41% of LP investment share (i.e. 20.3% of investment share) from Zhuhai Xianying (GP general partner of Zhuhai Mingjun), and can fully enjoy the management fee and GP income brought by Zhuhai Mingjun. The management entity will distribute 8% of the total GP income to the management and employees who have made important contributions to the listed company. The management entity obtained 41% controlling equity of Zhuhai Yuxiu (GP general partner of Zhuhai Xianying) for RMB 4.305 million, which can indirectly control Zhuhai Mingjun. After the equity transfer is completed, the company will promote the equity incentive plan, with the total amount not exceeding 4% of Gree Electric’s shares.

Are you satisfied with Gaoling Capital? Not satisfied or dissatisfied.

After Gree Electric threw out the intention of equity transfer, Hopu Investment was also very interested in this part of the equity besides Gaoyou Capital, but in the end Gaoyou Capital won.

When asked if he was satisfied with the equity transfer plan, Dong Mingzhu responded that this should be asked to Zhuhai SASAC.

There have been rumors before that the negotiations between Gaochun Capital and Gree management were not smooth. Dong Mingzhu responded: "Any negotiation is not smooth. If it is smooth, it will not be called negotiation." When asked if she was satisfied with the plan, Dong Mingzhu responded: "It is not satisfied or dissatisfied."

When asked how Gree Electric will cooperate or collaborate with its new shareholder, Gaoyan Capital, Dong Mingzhu replied that "at least I don’t see it now", and she further said, "If one capital can solve the problems of enterprises, how can we see that so many capitals are exploding today? Therefore, it is not a capital to support the development of enterprises, but the innovation of enterprises to support development. "

Gree Electric business segment readjusted.

Throw out the new strategy of "Internet of Everything" Gree mobile phone released for three generations.

On the same day, Gree Electric released the "Internet of Everything" strategy, and for the first time demonstrated a complete set of intelligent connected home appliances controlled by intelligent voice.

Gree staff demonstrated how to control refrigerators, washing machines, rice cookers, range hoods and other household appliances by voice with Gree IOT air conditioners and Gree IOT mobile phones as entrances.

Dong Mingzhu also personally released Gree Electric’s third-generation smart phone at the scene. On-site PPT shows that Gree’s third-generation mobile phone adopts a 5.99-inch full HD full screen, emphasizes the night shooting algorithm in taking photos, has intelligent IOT buttons, and controls household appliances by voice.

Dong Mingzhu said that every Gree third-generation mobile phone can directly open the "micro store in Dong Mingzhu". "With Gree’s mobile phone, you should buy Gree’s products, otherwise I will remember you."

There are also many controversies about Gree making mobile phones, but from Gree Electric, mobile phones are just an entrance to Gree’s smart home strategy.

Gree Electric has also publicly released four international leading technologies that have been identified-key technologies and applications of rare earth-free reluctance main drive motor system for new energy buses, high-efficiency reluctance variable frequency scroll compressor technology, high-performance linear servo motor and driver, and high-efficiency pneumatic suspension centrifugal compressor.

The latest information displayed in Gree Electric Exhibition Hall shows that Gree Electric’s business has been re-divided into two parts, one is consumption and the other is industry. Previously, Gree Electric’s four business segments included air conditioning, household appliances, communications and intelligent equipment. This also means that the first three sectors are now merged into the consumer sector, highlighting the overall smart home; Intelligent equipment has expanded into the industrial field.

Dong Mingzhu also confirmed the adjustment of the company’s business sector in the interview. She said that the consumer sector is the business that Gree started, and the industrial sector is the heavy weapon of the country. There is no conflict between the two. "Without high-end equipment, you can’t make perfect consumer products, and you won’t be biased."

Lei Jun, chairman of Xiaomi Automobile, responded to "the delivery time of Xiaomi SU7 is too long" during the live broadcast today. "The core problem is that the sales volume is 3-5 times higher than we expected, and an emergency supplier meeting was held a week ago. The original planned standard version and PRO version were delivered at the end of April. In fact, delivery has started today, 12 days ahead of schedule. "