"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.

At the last moment, Wang Jianlin lifted the crisis!

According to Dalian Wanda’s official website, on December 12, 2023, PAG and Dalian Wanda Commercial Management Group jointly announced the signing of a new investment agreement. PAG will cooperate with other investors to reinvest in Zhuhai Wanda Commercial Management after its investment redemption period expires in 2021. Existing investors invested about 38 billion RMB in Zhuhai Wanda Commercial Management in August 2021, of which PAG’s investment is about 2.80 billion US dollars (about 18 billion RMB). Existing investors enjoy redemption rights in the original investment arrangement.

This means that before the deadline for Zhuhai Wanda Commercial Management to list in Hong Kong, Wanda’s listing pressure has been eliminated.

Picture source: Screenshot of Dalian Wanda’s official website

Wanda’s "urgent need" solution

Wanda said that according to the new agreement, Dalian Wanda Commercial Management holds 40% of the shares, making it the single largest shareholder. Pacific Alliance and several existing and new investors will participate in the investment, with a total of 60%. However, Wanda did not disclose which new investors will enter. Some analysts believe that the possibility of insurance capital entering cannot be ruled out, and some original investors may withdraw.

The 21st Century Business Herald reporter noticed that in the new agreement, the direct shareholding ratio of Dalian Wanda Commercial Management will drop significantly from the existing 70.15%, while the shareholding ratio of investors will rise sharply from 29.84%.

Wanda said that Wanda will work with important shareholders such as Pacific Alliance to further optimize the corporate governance of the company, maintain the stability of the management team, and jointly support the long-term development of the company. The new agreement reflects investors’ high recognition of the growth potential of Zhuhai Wanda Commercial Management and its operating capabilities.

In September 2021, Zhuhai Wanda Commercial Management, which is seeking to list in Hong Kong, signed a share transfer agreement with 22 investors including Zhuhai SASAC, Tencent, Country Garden, CITIC, Ant Financial, China Merchants Group, Warburg Pincus, and Zheng Yutong’s family. Among them, some investors signed a gambling agreement with Wanda Commercial Management. According to the agreement, Zhuhai Wanda Commercial Management needs to complete the listing by the end of 2023, otherwise it will have to pay investors an equity repurchase at an annual internal rate of return of 8%. It is reported that the repurchase payment will reach 30 billion yuan.

However, due to the weak environment in the Hong Kong stock market, the listing of Zhuhai Wanda Commercial Management has been delayed repeatedly. And as the "limit" of gambling is approaching, this new investment agreement can be described as solving Wanda’s "urgent needs".

Zhuhai Wanda Commercial Management has submitted to the Hong Kong Stock Exchange four times on October 21, 2021, April 22, 2022, October 25, 2022, and June 28, 2023. On November 10, Zhuhai Wanda Commercial Management updated its listing application form on the Hong Kong Stock Exchange. According to the latest announcement, Zhuhai Wanda Commercial Management has agreed to terminate the appointment of Credit Suisse (Hong Kong) Limited as the overall coordinator of its listing application, effective from November 9, 2023. As of now, there are two joint sponsors of the company, namely CITIC CLSA Securities Limited and J.P. Morgan Securities (Asia Pacific) Limited. Wanda has since confirmed that UBS has replaced Credit Suisse as the overall coordinator of Wanda Commercial Management.

Image source: Visual China

Zhuhai Wanda Commercial Management for three consecutive years

Exceeding performance targets

Zhuhai Wanda Commercial Management currently manages 494 large commercial centres in 227 prefecture-level and above cities across the country. The number of commercial centres managed by Zhuhai Wanda Commercial Management has grown from 417 to 494 in the past two years, an average annual growth rate of about 9%. Zhuhai Wanda Commercial Management is now the world’s largest commercial management company in terms of commercial area under management.

Dalian Wanda said that since existing investors invested in 2021, Zhuhai Wanda Business Management has exceeded its performance targets for three consecutive years. After-tax income in 2021 is 23.50 billion yuan, 2022 is 27.10 billion yuan, and 2023 (estimated) is 29.30 billion yuan, with an average annual growth rate of about 12%. After-tax profit in 2021 is 5.30 billion yuan, 2022 is 7.50 billion yuan, and 2023 (estimated) is 9.50 billion yuan, with an annual growth rate of 34%. In the past three years, the company has paid a total of about 10 billion yuan in taxes, and dividends to shareholders are 4.60 billion yuan in 2021, 6.70 billion yuan in 2022 and 8.50 billion yuan in 2023 (estimated).

Wang Jianlin previously sold off assets

In order to solve the liquidity problem, some time ago, Wang Jianlin also sold off assets.

On December 6, Wanda Film announced that the 51% stake of the company’s controlling shareholder, Beijing Wanda Investment Co., Ltd. was to be transferred to Shanghai Ruyi Investment Management Co., Ltd., a wholly-owned subsidiary of China Ruyi Holdings Co., Ltd. In other words, Wang Jianlin sold Wanda Film. If the deal is completed, plus the previous transaction, Shanghai Ruyi will hold 100% of Beijing Wanda Investment, thereby indirectly holding 20% of Wanda Film and becoming the actual controller of Wanda Film.

According to the surging news on the 7th, on December 6th, the reporter learned that during the recent communication with investors, Zhuhai Wanda Commercial Management revealed that Wanda Group plans to sell its Wanda Plaza in first- and second-tier cities in exchange for liquidity, and is currently negotiating with insurance institutions. However, Wanda did not disclose which insurance institution it contacted. At the same time, there is still no IPO timetable for Zhuhai Wanda Commercial Management’s listing in Hong Kong.

In addition, on October 26, there was a market news that "Zhuhai Wanda Commercial Management intends to delay its listing on the Hong Kong Stock Exchange and is discussing providing compensation to investors to avoid triggering a repurchase." In response, people close to Wanda Group told the "Daily Economic News" reporter, "The current listing work is advancing normally. Whether it is contacting investors or applying for an IPO normally, it is a daily work, and there are no new changes."

———————

● According to Daily Economic News, Dalian Wanda official website, The Paper, 21st Century Business Herald, Securities Times, China Fund News, etc

Original title: "Last minute! Wang Jianlin, there is big news"

Read the original text

Recently, a reader initiated a small survey on our exchange group – Huawei asked which of the two cars, the new M7 and the ideal L7, would you choose?

Here are the responses from readers in the group:

That’s right, all ask the world about the new M7. Correspondingly, the order of the new M7 broke through 50,000 units in 25 days.

With this new car orders surge, the greatest sense of crisis is ideal.

According to 36Kr, in the last week before the festival, Li Auto held a strategy meeting to discuss its development direction in the next 5-10 years. One significant adjustment was that it was ideal to replace the first strong opponent by BYD with Huawei.

Although Huawei has always insisted on not building cars, its influence in the car circle cannot be shaken, and asking the new M7 to "come back to life" in a short period of time is the best proof. So after Cyrus hitched a ride, Chery was also waiting for Huawei to fire its own new energy vehicle.

Not only ideal, other car companies are also beginning to pay attention to this new opponent. Huawei’s tentacles are getting longer and longer, who will be the next to be squeezed off the table?

What are you afraid of Huawei?

The success of the new M7 is based on the popularity of the masses.

The public opinion of the mountain and tsunami can be seen and touched, and these can be converted into real orders. It is reported that Huawei aims to ship 60 million – 70 million smartphones in 2024, double the annual shipment (30 million) in 2022.

With the appeal of Huawei mobile phones in the end point market, Huawei’s empowered Q models have also begun to reflect.

During the National Day holiday, the new M7 has a maximum of 7,000 units in a single day. Since its listing in mid-September, the cumulative number of units has exceeded 55,000.

This achievement also made Yu Chengdong sigh "it’s not easy". Of course, in terms of product strength, the new M7 also has enough confidence. The starting price of the new M 7.2498 million yuan is 40,000 cheaper than the old model.

Huawei has invested 500 million yuan in research and development, and has made upgrades to the chassis and performance, space design and layout, and most importantly, intelligent driving.

The intelligent driving and intelligent cockpit are the killer features of the new M7.

The new M7 is equipped with HUAWEI ADS 2.0 advanced intelligent driving system, and the most significant change is the addition of a lidar, which has the ability to assist driving in high-speed, urban, parking, and other scenarios.

HUAWEI ADS 2.0 is equipped with 27 sensors including 1 overhead lidar, 3 millimeter wave radars, 11 high definition visual perception cameras and 12 ultrasonic radars. It can realize NCA function based on BEV large model, road topology inference network and joint planning control without high definition map.

This is also Huawei’s greatest reliance. The urban smart driving pilot assistance (urban NCA) function will cover urban areas and expressways across the country in December this year.

The ideal AD Max 3.0 city NOA navigation assistance driving system has only been pushed to closed beta users since the second quarter of this year. It is expected to be pushed to more than 100 cities in China by the end of this year.

So from this round, Huawei is indeed far ahead, and even Li Xiang himself admits that their intelligent driving is half a year late.

And Huawei empowered the world, from birth to entry, as Huawei managing director, end point BG CEO, intelligent car solutions BU chairperson of Yu Chengdong, played a crucial role.

From "Yu big mouth" to "far ahead", Yu Chengdong can be said to be a "marketing wizard", but Lao Yu "although big mouth", but what goes around is technology.

The marketing focus was also technology. He was extremely good at packaging a certain technology in language, and then giving a review – far ahead.

Previously, Yu Chengdong said in an interview with the media that Huawei’s goal in entering the automotive industry is to be first, because no one will remember the second, and he once bluntly said that "the cattle I bragged about have basically been realized."

In this regard, Yu Chengdong is actually very similar to Li Xiang, the "king of Weibo", and he is a sharp-edged person in personality.

Therefore, Yu Chengdong was a person who understood both technology and marketing. Even as a new player, he could cut into the competitive Red Sea automobile market with a attitude of dimensional reduction.

How can the ideal be broken?

When a car company sells its cars better and better, and its competitors become more and more numerous, its original weaknesses will gradually surface. This is a good example of the reverse trend of the new M7.

The ideal obviously realizes this.

– His investment in intelligent driving has been slightly conservative and cautious.

36Kr reported that at this ideal autumn strategy meeting, intelligent driving became the core topic. Li Xiang reflected and concluded at the meeting that investment in intelligent driving should start half a year earlier, that is, from the middle of last year, we should go all out, rather than starting to increase efforts at the beginning of this year.

An important consensus was reached at the meeting, that is, "make up for the missed classes, and break the game by strengthening investment." After all, the ideal account still has 70 billion cash.

At the meeting, Wang Xing, Lu Qi and other shareholder bosses also said that "increase investment, and even sacrifice some efficiency" when talking about their attitude towards ideal smart driving.

Reviewing the time node of Ideal Smart Driving’s research and development, Ideal announced the start of high-precision maps in 2021, and only landed on high-speed NOA in December of the same year. In August 2022, Ideal officially delivered the Smart Driving 2.0 system on the L series.

Since then, the ideal of intelligent driving has been divided into two products: AD Max and AD Pro. AD Max 2.0 uses NVIDIA OrinX chip and Wesai car-grade lidar to deliver the first high-speed NOA product for visual fusion lidar; AD Pro 2.0 uses Horizon Journey 5 chip to deliver the first high-speed NOA product for pure visual perception.

Until September this year, Li Auto released the closed beta of urban NOA technology and commuter mode, and announced its city-opening plan, but it is worth noting that Li Auto’s city-opening plan is only limited to early bird users.

Under such a rhythm, it is not difficult to feel the actual landing ability of Li Auto’s intelligent driving function, which has a certain gap with friends such as XPeng Motors and Huawei.

Therefore, at this strategic meeting, the development of intelligent driving was also raised to an unprecedented level within the ideal.

First, the person in charge of the ideal internal perception and system was promoted to vice president respectively. On the third day after the National Day, Li Auto’s official account released more than 50 smart driving club recruitment positions.

Which covers the software algorithm, large model, vehicle hardware, testing, operation and other fields, intelligent driving algorithm engineer and a series of positions, most of the starting salary of about 30,000 yuan, large model and autonomous driving related positions, the highest monthly salary can reach 90,000 yuan.

At present, there are as many as 63 job openings for Ideal Smart Driving, covering visual perception algorithms, autonomous driving models, simulation platforms, map data engines, and other categories. The smart driving R & D team has also increased to 800 people.

All kinds of actions show that the weight of the smart driving business has been greatly increased within the ideal. Correspondingly, in the face of the current strong counterattack of the new M7 in the world, the ideal at this stage has decided to take advantage of its strengths and avoid its weaknesses, continue to strengthen the product longboard in the home market, and no longer compete with the new M7.

According to a report by 36Kr, the sales side has also changed its language, and does not take the initiative to mention the M7. If a car owner asks, they will say that an L6 model will be launched next year, which is the same price as the M7.

In addition to this, Li Auto’s product SOP plan has also been extended to 2027. During this period, Li Auto’s technology platform will experience an earth-shaking iteration. It is expected that by 2026, a new generation of technology platforms will be launched, with fully autonomous driving capabilities.

The two will fight

At the strategy meeting, many aspects of the ideal were planned, and the sea plan was also mentioned.

Ideally, going to sea will not be the ideal strategic focus for a relatively long period of time, and it may not be seriously considered until 2028. Before that, parallel exports will be the main focus.

In July this year, Li Xiang himself also sent a Weibo saying that Li Auto will not consider overseas markets before 2025, and will concentrate all resources to achieve the 2025 goal: to achieve the first sales volume of all luxury brands in the Chinese market, the annual delivery volume reaches 1.60 million vehicles, and to achieve revenue of 500 billion yuan.

The ideal is lofty, but it is indeed possible to achieve. Only 8 years after its establishment, the ideal has become the second most valuable car company in China after BYD. In 46 months, it has achieved the delivery of 500,000 vehicles.

How did Li Auto do it?

Li Xiang has publicly given the answer that growth is the core driving force of Li Auto, and every time he encounters a bottleneck, it is a time to frantically absorb growth. In his dictionary, growth is a closed loop composed of two parts, one is learning, the other is training, that is, practice.

Li Xiang himself is a very good learner and a reflective person, and the learning object is Huawei, which is also a competitor.

As early as June, Li Xiang released a small essay late at night, in which he reflected on the reason why the ideal ONE was discontinued early. Li Xiang admitted that it was because of the release of the original Q-World M7 that Huawei’s super capabilities directly caused the sales of the ideal ONE to collapse and stop production early, and the team was crippled.

In the case of failure, the ideal choice was to learn from Huawei. Li Xiang said that all the ideal management teams had purchased at least 10 Huawei public books to read.

Discovering that the painful problems encountered by Ideal in Product Research & Development, sales and service, supply manufacturing, organization and finance, etc., were solved by Huawei more than a decade ago, or even 20 years ago, which gave him a great shock.

And the ideal implementation of a talent rank system similar to Huawei’s, breaking down the ranks into more details, such as the original P9 sequence corresponding to more than 20 levels of the new rank, which can make "the promotion speed will be faster and have an incentive effect".

The same extended-range technology, similar product positioning and segmentation areas, make the world and the ideal destined to be entangled with each other. The old M7 in the world has impacted the ideal ONE, and now the new M7 has made the ideal feel the crisis again.

There will be a battle between the two, who will win? Another question is, who will you choose for the ideal L7 and the new M7?

"@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!

1905 movie network news On July 20, the film set for July 29 officially opened for pre-sale, and at the same time, the director’s special was exposed to reveal the creative world of the three masters, and to provide audiences with a glimpse of the ideas and anecdotes behind the scenes of the film.

The film brings together seven master-level directors from Hong Kong to create a unique era. The film includes seven independent units of Samuel Hung’s "Practice", "Principal", "Farewell Night", Yuan Heping’s "Return", "Gold Everywhere", "Lost" and Tsui Hark’s "Deep Dialogue", just like a style picture of the Pearl of the Orient.

Hong Jinbao dreams of being a teenager, reappearing the years of great kung fu

In "The Seven," where he has worked as an actor, director, and movement director for 50 years, he once again chose the kung fu theme "Practice," which tells the story of how a group of children who practiced on the rooftop in the 1950s worked hard and gained hope.

"Practice" is the epitome of Hong Jinbao’s true experience. In the production of the special, he recalled the experience of learning martial arts as a child. He bluntly said that the master is a very strict person, and those who catch the lazy practice will be severely punished. When he grows up, he realizes that it is this kind of strictness that has helped him succeed. In the film, there is the story of the inheritance of kung fu by masters and apprentices. Outside the film, there are good stories about the inheritance of father and son. Hong Tianming, as the star of the film directed by his father, Hong Jinbao, and played the master of Hong Jinbao when he was a teenager, added more special meaning to "Practice".

Yuan Heping showed warmth and told the story of the contradictions and reconciliation between the two generations

In "The Seven", Yuan Heping did not choose the narrative framework of an action movie, but instead used kung fu as the clue of the film, telling a warm family story through "Return".

In Yuan Heping’s opinion, there are inevitable conflicts between families, and they should all be considerate and tolerant of each other. "Return" is such a film about differences and reconciliation between relatives. Kung fu is still an important element in the film, and this is the field that Yuan Heping has been focusing on. When talking about the current situation of action movies, he lamented that most directors are unwilling to make kung fu movies, and actors do not want to take such scenes. There is a situation where talents are not accepted. Even if he has some regrets about the current situation, Yuan Heping still believes that from the script level to the technical level, the film is improving every year, and he is optimistic about the future of the film.

Tsui Hark keeps his humor and focuses on the topic of future world filmmakers

In "The Seven," Tsui Hark directs the "Deep Dialogue" unit, the story shows the wild imagination, through a dialogue that takes place in a mental hospital, thinking about the filmmaker’s self-identity.

In the special issue, Tsui Hark also interpreted "Deep Dialogue". He said that whether it is to pay tribute to friendship or to have fun together, he wants to tell the world of filmmakers through this story, so he placed a lot of interesting stories related to filmmakers, hoping that the audience will come up with their own answers after watching the film. In Tsui Hark’s heart, "The Seven" gathers seven Hong Kong directors, which is a memorable event and has very precious significance.

It is reported that the film will be released in mainland China on July 29, and the national pre-sale activities have been launched in full swing.

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%.

On April 25th, the Beijing Auto Show was reopened after several years. The localization of auto software and AI-led autonomous driving technology has become the focus of multinational auto manufacturers and supply chain enterprises.

Huawei’s Gankun smart car solution debuted at the Beijing Auto Show for the first time, attracting executives from many multinational auto manufacturers to visit. According to sources, Huawei is expected to authorize advanced assisted driving (ADAS) solutions to multinational car companies to land in China, and the specific cooperation mode is still under discussion.

On the other hand, due to the rapid iterative demand of China electric vehicle manufacturers for autonomous driving technology and the trend of going out to sea, European and American automobile suppliers are also aiming at autonomous drivingartificial intelligenceBusiness opportunities generated by technology in the automotive field.

Autopilot has become a key function to boost sales.

Although the price war of electric vehicles has intensified, with China consumers increasingly seeking high-tech functions when choosing cars, domestic automobile manufacturers have promised to invest heavily in technological innovation. AI technology, including autonomous driving, is also the focus of future competition among China automobile manufacturers.

China, a global automotive technology supplier, and Yang Xiaoming, president of Asia-Pacific region, told the First Financial Reporter on the eve of the Beijing Auto Show: "The iteration speed of products in China’s automotive market is far ahead of other regions in the world, especially in electrification and intelligence, such as advanced driver assistance."

Stephen Dyer, the co-head of research institute Ai Ruibo in Greater China and the head of automobile consulting business in Asia, told the China Business News after watching the Beijing Auto Show: "Obviously, many China automakers regard advanced assisted driving technology as a key function to boost sales."

Dai Jiahui pointed out that Ai Ruibo’s recent global electric vehicle survey confirmed that China consumers really care about these functions. "China Automobile Factory is unique in that it can deploy a wider range of ADAS functions at a lower cost than foreign brands."

withXPENG MotorsFor example, He Xiaopeng, the founder and CEO of the company, said that from next month, its software and upgrade will enter an "accelerated cycle", and he also hoped that the application scope of its software platform could be extended to other Asian countries and Europe.

Earlier this year, it has indicated that it plans to recruit 4,000 employees this year and invest 3.5 billion yuan in areas such as autonomous driving.

Last month, Xpeng Motors said that it was upgrading its driver assistance software, and planned to provide all autopilot functions to drivers all over China in 2024. XNGP advanced driver assistance system in Xpeng Motors andXiaomi automobileNOA is related toTeslaThe fully automatic driving technology FSD is similar.

The German Volkswagen Group holds nearly 5% of the shares in Xpeng Motors. Volkswagen is also cooperating with Xpeng Motors to develop a new intelligent electric vehicle architecture, so as to produce new electric vehicles with more economic benefits.

Lei Jun, the founder of Xiaomi, also recently proposed that the goal of Xiaomi’s intelligent driving is to become the first echelon in 2024. He said that Xiaomi SU7 series models will all support NOA and parking service functions of the advanced assisted driving system on the expressway, and the city NOA is planned to be opened nationwide in August.

Multinational suppliers increase R&D investment in China.

An Bofu’s important customers in the world include multinational automobile manufacturers. Yang Xiaoming said that in order to further meet the needs of China automobile manufacturers for innovative technologies, Amber is considering setting up the first artificial intelligence center in China to increase the strategic layout of China market localization; On the other hand, Amber is also using its global data in the field of intelligent driving to empower China automobile manufacturers to go to sea.

In fiscal year 2023, the sales of China region of Ampofo increased by 12%, and the Asia-Pacific region, including China, contributed 28% of the global net sales of Ampofo. Yang Xiaoming said that Amber China will achieve 50% business growth in the next five years, and a large part of the sales growth will come from expanding cooperation with independent brands in China. He predicted that the business related to China manufacturers will reach 70% in five years.

"Our R&D investment in China will continue to increase. On the one hand, we are increasing the number of software engineers in China R&D Center, and at the same time, we are beginning to implement some forward-looking research in China. In the past, these studies were often placed abroad, and now we will also consider China as the first application site." Yang Xiaoming told the First Financial Reporter.

When talking about what role the artificial intelligence center in China will play in the world in the future, he said: "This artificial intelligence center will test a lot of data, and integrate artificial intelligence into the R&D process of our intelligent cars, greatly improving the R&D speed. These are also the requirements of our customers in China, which can better serve the global business of these enterprises."

Before the end of last year, ZF, a German automotive technology supplier, successfully obtained the Group’s first L4 autopilot test license in China. The company said that this will accelerate the localization development, testing and iteration of autonomous driving technology.

The First Financial Reporter learned that ZF has also increased its investment in R&D in China in recent years, including setting up an autonomous driving team in China, including investing in forward-looking technical research.

Multinational supplier overweightChina softwareLocal technology research and development is also due to the rapid rise of local suppliers. Industry insiders revealed to the First Financial Reporter that many multinational auto giants expressed interest in Huawei’s leading ADAS system. If Huawei’s smart car solution is finally licensed to multinational automobile manufacturers, it will not only help overseas automobile brands to accelerate their entry into the field of autonomous driving in China, but also mean that Huawei will have the opportunity to compete with top automotive technology suppliers Bosch and Continental Group.

A technical person in charge of Huawei’s intelligent driving related products did not comment on the details of the current negotiations between Huawei’s ADAS system and multinational automakers to the First Financial Reporter. "We can’t say anything that the company hasn’t released." He said.

Cross-border flow of automobile data attracts attention.

Dai Jiahui of Ai Ruibo told China Business News: "Multinational automobile manufacturers, especially European automobile manufacturers seem to realize that the development speed of China’s ADAS technology providers is much faster than that of European and American companies, which will also prompt some multinational companies to seek a system purchase or lease agreement with China’s ADAS suppliers for sharing. This business model is beneficial to both sides."

Francois Provost, head of purchasing and partner of French automaker Renault, said in a post on LinkedIn on Friday: "Luca de Meo, CEO of Renault, and China.Li AutoAnd Xiaomi held talks on electric and smart car technology. "This will also open the door for potential technical cooperation between the two sides.

As the global automotive technology supply chain tends to converge, cross-border flows such as data have also attracted great attention from the market. Yang Xiaoming told China Business News that the cross-border flow of data is important to promote the development of global autonomous driving technology.

"In the past, we used R&D data from Europe and the United States to support the landing of smart cars in China. As China automobile manufacturers speed up going to sea, we also hope that we can use the data trained in China to help them land overseas, but this still faces the bottleneck of data supervision." Yang Xiaoming said.

He stressed that data compliance is very important. At present, Amber is actively communicating with relevant institutions to clarify which intelligent networked automobile data can be shared and take advantage of its global data network.

"Recently, we have seen very good signs, and the regulatory authorities have given some clear instructions on data sharing, so that multinational companies like Amber can take advantage of our global data and train the software designed by China more quickly under the premise of legal compliance to help China automobile manufacturers who need to go to sea achieve their goals." He told the first financial reporter.

Recently, CEO Musk said on social platforms,TeslaFSD is expected to be implemented in China soon. In this regard, Yang Xiaoming told the First Financial Reporter: "If the new autopilot software can enter China, it will also promote the progress and development of the overall autopilot technology in China, because we can learn from better experience."

In the eyes of some insiders, the entry of FSD into China will still be a gradual process. Dai Jiahui told China Business News: "We have seen that the global autonomous driving function and autonomous level are gradually increasing, and China has adopted these technologies very quickly. However, I expect that the gradual increase of automatic driving function will become the main development path, rather than achieving a leap in fully automatic driving technology at one time. "

According to the news of car home Xinyang preferential promotion channel, preferential promotion activities are being carried out in Xinyang area. The minimum starting price of this luxury SUV is 467,000 yuan, and the maximum discount amount reaches 179,900 yuan. If you are interested in this model, you may wish to click "Check the car price" in the quotation form to get a higher discount.

Volvo XC90 is a luxury SUV, and its design is full of strength and modernity. The front face adopts Volvo family-style design language, and the air intake grille adopts a unique straight waterfall design, which shows the unique charm of the brand. The body lines are smooth, and the overall style is simple and atmospheric, which makes people recognize that this is Volvo’s work at a glance. At the same time, XC90 is also equipped with a series of high-end configurations, such as LED headlights and unique taillight design, which makes it more conspicuous when driving at night. In addition, the XC90 also adopts a unique body color and wheel hub design, which makes it more eye-catching in appearance. In a word, the design of Volvo XC90 is full of Nordic style, which is both simple and luxurious and impressive.

Volvo XC90 is a luxury SUV, with a length, width and height of 4953*1958*1778mm and a wheelbase of 2984mm, with smooth body lines and stable overall shape. The specifications of the front and rear wheels are both 275/45 R20, and the tire width is larger, which can provide better grip and stability. The lines on the side of the car are simple and smooth, showing the unique design style of luxury brands.

The interior design of Volvo XC90 is full of Nordic style, simple and generous, with attention to detail and comfort. The steering wheel is made of leather, which supports manual adjustment up and down and back and forth, so that drivers can easily find the driving posture that suits them. The 9-inch central control screen has a large size, supports voice recognition control system, and can control functions such as multimedia system, navigation, telephone and air conditioning. The front seat is made of leather, which supports front and rear adjustment, backrest adjustment, height adjustment and lumbar support, providing a comfortable riding experience. The co-pilot seat also supports a variety of adjustment methods, including front and rear adjustment, backrest adjustment, height adjustment and lumbar support. The front seats are also equipped with heating function, so that drivers can enjoy a comfortable driving experience in cold weather. The rear seats can be tilted in proportion to provide more storage space. In addition, the front and rear rows are equipped with USB and Type-C interfaces, which is convenient for passengers to charge. Generally speaking, the interior design of Volvo XC90 is very user-friendly, providing many comfortable and convenient configurations, so that drivers and passengers can feel more comfortable driving experience during the journey.

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.. The car is equipped with an 8-speed automatic transmission, which can provide a smooth shifting experience and meet the needs of daily driving. This engine performs well when accelerating, and also has good fuel economy performance, which brings more comfortable driving experience to drivers.

The design of Volvo XC90 has always been one of its highly praised highlights, which has also been confirmed in the evaluation. He/she said that he/she was "absolutely satisfied" with the appearance of XC90, especially the iconic Raytheon Hammer, low-key blue and overall streamlined design, which was very fashionable. In fact, the design of XC90 has always been full of Nordic style and simple aesthetic feeling, and at the same time, it incorporates modern design elements, making people recognize its unique style at a glance. No matter from the details to the whole, the Volvo XC90 shows the exquisite design and care, which brings incomparable driving pleasure and experience to the owners. Therefore, if you are also interested in a luxury SUV with both fashion and personality, Volvo XC90 is undoubtedly a good choice.

Recently, with the sharp drop in the national temperature, the old problem that the battery life of electric vehicles has been greatly reduced has begun to appear again, and it has been denounced by the people all over the country on the Internet, involving almost all electric vehicle brands, especially Wuling, MODEL3 and Han, which are in the front row of sales.

Among the numerous crusades, there is a Shanxi netizen whose net name is "Handsome Brother". He broke the news that he bought the Han EV with a long battery life of one and a half months, and only ran for 230 kilometers from full charge to 5% left, which was nearly two-thirds less than the battery life of 605 kilometers.

Judging from the screenshot of the post, the post has a lot of traffic, with 352 likes and 1044 comments. Many people think that the attenuation of power battery actually reaches 62%. The author also thinks this data is incredible. After reading many articles, many people have got the concept wrong.

The author has been focusing on new energy vehicles for many years, and is very aware of the three killers that affect the battery life: battery attenuation, low-temperature activity of batteries, and high power consumption of heating and air conditioning. The battery life of a series of well-known electric vehicles that have been exposed recently is actually caused by the joint action of the three.

First, battery attenuation:

At present, the technology of power battery is very mature, and the attenuation of battery in normal use is actually very low. As long as it is used according to the instructions, the natural attenuation of battery is within the controllable range, and it can almost be used for vehicle scrapping.

Second, the low-temperature activity of the battery is reduced:

The research data show that at 0℃, the capacity of Ferrous lithium phosphate power battery is only 88% of that at 25℃, which is 12% lower. The reason is that power batteries are basically lithium-ion batteries, and the activity of lithium-ion will decrease at low temperature, and the lower the temperature, the lower the activity.

Third, heating and air conditioning power consumption:

Electric vehicles run on power batteries. Apart from the controllable attenuation and activity reduction, the power consumption of heating and air conditioning can be said to be the biggest culprit in reducing the battery life of electric vehicles. Taking the actual measurement by netizens as an example, Han EV heating and air conditioning is used at about 0 degrees, about 4KW/ hour for the first hour and about 2KW/ hour for continuous use.

Understand the above concepts, and then look at the use of Han EV of Shanxi car owner "handsome brother", which is easy to understand.

Some media reported that the owner used heating and air conditioning when driving. This is understandable. In November, the average daily temperature in Shanxi is about 5 degrees. If you don’t turn on the air conditioner, your hands will be stiff.

There is another detail in the post of "Handsome Brother": "I took the car with full electricity at the end of October, and now I have rushed twice, driving a total of 744 kilometers. After reading the posting time, on November 27, everyone should understand.

According to the owner, he charged the battery three times in a month or so, with a total journey of 744 kilometers and an average battery life of 248 kilometers, which is really consistent with the last time he said that he only ran 230 kilometers.

However, I noticed another data: "handsome brother" traveled 744 kilometers a month, with an average of 24.8 kilometers a day. This data is not high, which represents the daily driving of the vast majority of car owners and is basically equivalent to the average daily driving of passenger car owners in China.

So low, judging that "handsome brother" should be an office worker, he goes to and from work every day, four times a day, driving for several kilometers at a time, and 80% is driving in the urban area.

According to the normal driving speed in urban areas, the average speed will generally not exceed 20km/h, that is to say, "Handsome Brother" ran 744km after three times of charging, and the driving time may be as high as 37 hours or more. According to the heating data of Han air conditioner provided by netizens, in the first hour, it consumes about 4KW per hour, and if it keeps driving, it consumes about 2KW/ per hour later.

"Handsome brother" always travels only 24.8 kilometers every day, and the air conditioner will not be turned on for a long time every time, that is, it is in the most power-consuming interval, 4KW/ hour.

The battery life of electric vehicles is calculated by the time, but the air conditioner is not calculated by the time. Han runs 230 kilometers with a full charge of 76KW, and it takes about 9 hours to run in the short distance in urban areas. Only the air conditioner consumes electricity, it will use up 36KW, and then subtract 5% of the battery balance of about 4KW, leaving 36KW for driving. According to the proportional calculation, the normal battery life should be about 286 km.

Because the heating and air conditioning use a lot of electricity, the battery life for real driving is only about 286 kilometers, and then the battery activity is reduced by 12% at a low temperature of about 0 degrees, which is about 250 kilometers, which is basically consistent with the actual measurement of "handsome brother".

At this point, the truth is clear. Whether it is Han EV, MODEL3 or Wuling, the reason why the measured battery life is more than half is not the battery attenuation or the battery activity reduction, but the hot air conditioner is turned on.

Write at the end:

The author has been paying attention to new energy vehicles for many years, and sincerely advises consumers who are going to buy cars. If you don’t have fixed parking spaces and charging piles, it is really not recommended to buy electric vehicles, even for the sake of licenses! If you insist on it, first of all, you will be unhappy and full of complaints. Secondly, it is also a negative harm to the development of new energy vehicles, harming others and yourself.

For car owners with fixed parking spaces and charging piles, it is not a big problem that the battery life is greatly reduced by turning on the air conditioner in winter. After all, the current electric car has a battery life of 500 to 600 kilometers. Even if the air conditioner is turned on all the time, the battery life is enough for most people.

In fact, if you have a fixed parking space and a charging pile, park your car in the garage every night, hang up the charging pile and go home to sleep. This is the correct way to turn on the electric car. If you are used to it, it is really more convenient than refueling. It takes a lot of time to go back and forth to the gas station. Under the current situation of urban traffic jams.

Easy car number author provides articles.

　　On the evening of December 17, 2013, BYD’s new plug-in hybrid vehicle Qin was officially released in Beijing. The new car is available in flagship and distinguished models, with a minimum price of 189,800 yuan. As a vehicle driven by gasoline engine and battery, BYD-Qin hybrid mode has an acceleration time of 5.9 seconds, a top speed of 185 km/h and a comprehensive fuel consumption of 1.6L.

　　Before the press conference, BYD also organized Qin’s track test activities, in which Qin’s best performance in 0-200 km acceleration was only 7.82 seconds.

　　Qin continued the design of the previous concept car, which was bolder and sharper in the body lines, and chrome-plated decoration was added on both sides of the front bumper. The headlight group was equipped with LED daytime running lights and headlights with adjustable lenses. In addition, an oval fog lamp is added to the inside of the bumper. The taillight group is also very novel. In addition to the brand and model identification, there are special signs indicating the identity of its dual-mode electric vehicle.

　　In terms of body size, the length/width/height of the car is 4740*1770*1480mm and the wheelbase is 2670mm, which is similar to BYD’s sharp figure.

　　BYD Qin’s configuration is very high, and it comes standard with remote driving function. It also adds cloud service, which can realize remote control of vehicles through 3G signals. There are also panoramic images, seat ventilation+heating and even seat memory configurations. In terms of safety, Qin is equipped with 12 airbags in addition to active safety devices such as brake priority system (BOS), ABS+EBD, ESP and tire pressure detection system.

　　Qin adopted BYD’s DM parallel mode dual-mode hybrid system, which can be driven by pure electric or gasoline+electric mode.

　　The new car is equipped with a 1.5L in-cylinder direct injection+turbocharged engine with a maximum power of 113kw and a maximum torque of 240 N m. In addition, there is a motor with a rated power of 40kW and a maximum power of 110kW to match it. BYD Qin adopted a self-developed 6-speed DCT dual-clutch automatic gearbox in the transmission system.

　　In addition, BYD also provides a six-year or 150,000-kilometer long warranty for the whole vehicle and a lifetime free warranty for batteries. The sincere after-sales service policy provides another reason for consumers to choose BYD Qin.

　　BYD Qin, which was originally planned to die a month ago, was postponed to this day to cooperate with the introduction of new energy policy. According to the subsidy policy for new energy vehicles, the purchase of BYD Qin will enjoy 35,000 yuan of state subsidies and different degrees of local subsidies. It is estimated that the actual price of "Qin" will be less than 150,000 yuan in most cities. When buying BYD in Shenzhen, the lowest price after enjoying the subsidy is only 119,800 yuan.