Shi Zifu, Harbor Business Watch

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

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

　　01

　　Achieve profitability in 2023.

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

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

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

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

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

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

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

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

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

　　02

　　Downgrading various fees, more than 8,000 complaints.

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

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

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

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

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

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

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

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

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

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

　　03

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

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

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

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

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

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

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

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

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

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

　　｜｜AARON Li, Special Representative of China Government for Eurasian Affairs, introduced the visit.

　　Good afternoon, media friends! From May 15 to 28, I visited Ukraine, Poland, France, Germany, the European Union headquarters and Russia as the special representative of the China government for Eurasian affairs, and had in-depth communication with all parties on the political settlement of the Ukrainian crisis. I’d like to introduce the relevant situation of this visit first, and then answer your questions.

　　Ukraine is the first stop of my visit. During my visit to Ukraine, I called on President Zelensky, held talks with Ermak, Director of the Ukrainian President’s Office, and Kuleba, Foreign Minister, respectively, and listened to the briefings by the heads of the Ukrainian Ministry of Infrastructure, the Ministry of Energy and the Ministry of National Defense. During my visit to Poland, France, Germany and EU headquarters, I held talks with Polish Deputy Secretary of State Gerville, French Foreign Ministry Director-General for Political and Security Affairs Mondoloni, German Foreign Ministry Secretary Michaelis, European Council President Michel’s Office Director Bernard and EU External Action Agency Deputy Secretary-General Mora. Russia is the last stop. During my visit to Russia, I held separate meetings with Russian Foreign Minister Lavrov, Deputy Foreign Ministers Rudenco and Luzin. In the communication with all parties, I elaborated on China’s position and proposition in detail, listened carefully to the opinions of all parties, and had in-depth and frank exchanges with all parties. The visit achieved the expected purpose. The Chinese delegation received a warm and friendly reception at every stop, and I once again thank the parties concerned.

　　This is the first time that China has specially sent a delegation to relevant countries to carry out diplomatic work on the political settlement of the Ukrainian crisis. During this visit, through in-depth communication with all parties, I have the following outstanding feelings.

　　First, all parties have made positive comments on China’s efforts and all hope to resolve the crisis peacefully.Regardless of Ukraine, Russia, European countries and the European Union, all parties recognize China’s efforts to promote peace and support a political solution to the Ukrainian crisis. They all hope that China will play an active role and are willing to communicate with China in depth. Uzbekistan thanks China for playing an active role in promoting peace and talks, appreciates China’s adherence to respecting sovereign territorial integrity and abiding by the purposes and principles of the UN Charter, and emphasizes that many contents in China’s position paper on political settlement of the Ukrainian crisis are in line with President Ze Lenski’s 10-point peace plan, expecting China to continue to exert constructive influence. The Russian side appreciates China’s sincere desire and practical efforts to promote a peaceful settlement of the Ukrainian crisis and expresses that it will continue to adhere to the direction of political settlement. Poland, France, Germany and the European Union all expect China to continue to exert positive influence on the Ukrainian issue, promote the peaceful settlement of the crisis, resolve differences through dialogue and achieve lasting and just peace in Europe. These statements once again show that China’s position on the Ukrainian crisis is objective, fair and impartial, and has also been highly praised by the international community.

　　Second, the risk of war escalation remains high.At present, the war is still escalating. During my three days in Ukraine, Kiev sounded the air defense alarm every day, and there were two large-scale air strikes. The battlefield is very deadlocked and full of uncertainty, and the situation is worrying. Historically, wars and conflicts ended in peace. But the spread of war will only bring more disasters and suffering. As long as there is a glimmer of hope for peace, we should make active efforts instead of letting the development of conflicts drag on, let alone adding fuel to the fire, which will lead to local conflicts turning into large-scale wars. At present, the parties may still face many difficulties when they sit down to negotiate and negotiate results, but it is important that someone come forward to promote the consensus of all parties, form the greatest common denominator, and gradually accumulate and create conditions for the final settlement of the crisis. As long as it is conducive to easing the situation and promoting negotiations, China is willing to do it.

　　Third, all parties are highly concerned about the risk of crisis spillover, especially nuclear safety, humanitarian issues, food security and other issues.

　　All parties are highly concerned about the safety of nuclear facilities in Uzbekistan. Ukrainian officials have repeatedly expressed to me their concerns about the safety of the Zaporoge nuclear power plant, and Polish officials are also worried about this. Once a nuclear disaster occurs, no one can be immune to it. All parties should take responsibility for ensuring the safety of nuclear facilities and take practical actions to ensure that the situation cools down and eases. This is the fundamental way to solve the nuclear safety problem.

　　Many countries are concerned about the humanitarian problems caused by the crisis. China attaches great importance to this, and has always played a constructive role in easing the humanitarian situation in Ukraine in its own way, supporting all initiatives and measures that are conducive to alleviating the humanitarian crisis. We put forward China’s six-point proposal on the humanitarian situation in Uzbekistan, and provided many batches of humanitarian aid to Uzbekistan. At the same time, we believe that it is the greatest humanitarianism to stop pouring oil on the fire and promote the situation to cool down as soon as possible and reduce casualties.

　　During the visit, all parties also expressed concern about the impact of the Ukrainian crisis on the world grain market, which is related to the survival and well-being of people all over the world. Russia and Ukraine are both important grain producers in the world, and the implementation of the Black Sea grain transportation agreement is of great significance to ensuring global food security. China maintains that the agreement should continue to be implemented in a balanced, comprehensive and effective manner. China has put forward an international food security cooperation initiative, and is willing to strengthen communication and cooperation with all parties in this regard, promote the formation of more international consensus, and make positive contributions to ensuring world food security.

　　The Ukrainian crisis has complicated historical latitude and longitude and realistic reasons, and its essence is the explosion of contradictions in European security governance. China is neither a crisis maker nor a participant in the conflict, but an advocate of peace and a promoter of peace talks. China has always held an objective and fair position on the Ukrainian issue and has never stopped its efforts to persuade peace and promote talks. Chairman of the Supreme Leader clearly put forward the "Four Should’s" proposition, which is China’s fundamental follow-up on the political settlement of the Ukrainian crisis. On February 24th this year, on the occasion of the first anniversary of the outbreak of the conflict, China issued the document "China’s Position on the Political Settlement of the Ukrainian Crisis", hoping to strengthen dialogue and exchanges with all parties on the basis of this document and continue to expand the common denominator of the political settlement of the Ukrainian crisis.

　　China has always played a constructive role in the peaceful resolution of the crisis based on the above principles and called for a ceasefire. Since the outbreak of the war, the Chairman of the Supreme Leader has held meetings or phone calls with leaders of various countries, including Russia and Ukraine, and has done extensive work in all aspects. Since the beginning of this year, the Chairman of the Supreme Leader has visited Russia, received French President Macron and Brazilian President Lula in China, and telephoned President Zelensky. Political settlement of the Ukrainian crisis is one of the important contents. China has also provided Ukraine with a large amount of humanitarian assistance such as food and medicine. China’s efforts are obvious to all.

　　China’s position on promoting peace and talks and easing the situation is consistent. We will continue to implement the positions and propositions of the Supreme Leader’s Chairman, such as "Four Answers", "Four Commonness" and "Three Thoughts", strengthen dialogue and exchanges with all parties, constantly build consensus and accumulate mutual trust, promote the formation of a greater common denominator, and make China contributions to the political settlement of the Ukrainian crisis.

　　Q: During your visit, The Wall Street Journal reported that, according to informed western officials, China proposed an agreement that would allow Russia to own parts of Ukraine. Ukrainian Foreign Minister Kuleba later said that according to his contacts with all parties, no country has expressed the position mentioned in your above report. How do you comment on this?

　　AARON Li: A spokesman for the Ministry of Foreign Affairs of China has clarified the report. I don’t know who the so-called "informed western officials" in The Wall Street Journal refer to, but the relevant reports are totally untrue. China adheres to an objective and fair position, actively persuades peace and promotes talks, and always stands on the side of peace, dialogue and justice. We are doing the right thing and doing it to the end. Whether in the process of communication with Uzbekistan, Russia or Europe, our position is consistent and clear. We also released the news in time. China’s position has been widely understood and supported by the international community including Russia and Ukraine.

　　During my visit to Ukraine, I had a friendly and frank communication with Foreign Minister Kuleba himself. Uzbekistan thanked China for playing an active role in persuading and stopping the war, and appreciated China’s call for respect for sovereign territorial integrity and compliance with the purposes and principles of the UN Charter. Foreign Minister Culeba made a personal clarification, which shows that the false report in The Wall Street Journal is not only completely untrue, but also unpopular, and it is obviously provoking Sino-Ukrainian relations.

　　I want to emphasize that China is not a party to the Ukrainian issue and will not do anything to add fuel to the fire. The Ukrainian issue is not a problem between China, Ukraine, China, Russia or China and Europe. China is willing to continue to strengthen communication and dialogue with all parties and play a constructive role in persuading and promoting talks.

　　Q: After this visit, what is your judgment on the prospect of a political solution to the Ukrainian crisis?

　　AARON Li: The Ukrainian crisis can only be resolved through dialogue and negotiation. During this visit, I feel that all parties support a political solution to the Ukrainian crisis. There may still be many difficulties for the parties to sit down and negotiate, but the parties are not completely without consensus. The Russian side said that it never opposes peace talks and has always supported solving problems through political channels; Uzbekistan also expressed its cherish and longing for peace, and the two sides have no door to peace talks.

　　If we really want to stop the war, save lives and achieve peace, we should stop sending weapons to the battlefield, otherwise it will only push up the risk of escalating tensions. China has always believed that no matter how great the difficulties and differences are, we should stick to the general direction of peace talks until a ceasefire and peace are reached.

　　I have noticed that South Africa and other African countries, Brazil and other parties have put forward initiatives to peacefully resolve the Ukrainian crisis, and China welcomes these initiatives. At present, it is important to gather the consensus of all parties, promote the formation of the greatest common denominator, and gradually accumulate and create conditions for the final settlement of the crisis. As long as it is conducive to easing the situation and promoting negotiations, China is willing to continue to do so.

　　Q: As a senior diplomat, you have visited Europe and Eurasia many times. Your visit bears a great mission. As far as personal feelings are concerned, what is the difference compared with previous visits?

　　AARON Li: I have worked in Russia for many years, and I have visited Ukraine and many European countries many times. This visit is regarded as revisiting my old place for me. But compared with the past, this visit is really different. The most intuitive feeling is the inconvenient transportation. As there is no flight to Ukraine, the first stop of our trip is to Kiev via Poland, and the train journey from Kiev to Warsaw is as long as 18 hours. Due to the suspension of flights between Europe and Russia, the direct flight from Brussels to Moscow originally took only three hours, but now it takes a whole night to get there by bypassing Istanbul. I think this is the most intuitive embodiment of the impact of the Ukrainian crisis on the economic and social life of all countries.

　　This is only one aspect of transportation. Ukraine, Russia and European countries used to have very close economic, cultural and social exchanges, but now many of them have been artificially cut off. It is not other countries on the other side of the ocean that have suffered the most, but Ukraine, Russia and European countries. The longer the crisis drags on, Ukraine, Russia and Europe will bear greater sacrifices and pay greater prices. Getting out of the crisis as soon as possible is beneficial to all parties, which is also the starting point for us to persuade and promote talks.

CCTV News:The State Administration of Market Supervision recently released the results of supervision and spot check of automobile windshield cleaning liquid. The reporter learned that the sampling samples mainly came from the circulation field, involving 126 batches of automotive windshield cleaning liquid products produced by 113 enterprises in 17 provinces and cities. The test found that there were more than 20% unqualified products in the glass water for vehicles on the market.

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

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

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

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"Free delivery" of biodiesel.

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

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

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

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

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

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It is almost the same as ordinary diesel.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Closed-loop management of "waste oil"

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

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

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

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

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Related disposal technology of "waste oil"

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　　[Aika Auto’s words are powerful and original]

　　Accord! It has always been the most important model of Honda. Since the sixth generation Accord was introduced into domestic sales in 1999, the Accord has sold more than 3.2 million vehicles in China market. In terms of global sales, the Accord has sold more than 22 million vehicles in the 47 years since its launch. After nearly 50 years of development, the Accord has now come to the eleventh generation, and the most significant change of this generation is to replace the previous oil-mixing system with e:PHEV plug-in hybrid. With the blessing of plug-in hybrid, the eleventh generation model is also called "the strongest Accord in history". However, in the face of increasingly fierce competition in the China automobile market, can the "strongest in history" really impress consumers?

　　New Accord "Same Price for Oil and Electricity"

　　In the domestic new energy market, blending accounts for a considerable proportion. In 2022, the sales volume of new energy vehicles reached 6.887 million, accounting for 25.6% of the market. That is to say, for every four vehicles sold, one is a new energy product. Among them, the sales volume of plug-in hybrid vehicles was 1.518 million, a year-on-year increase of 1.5 times. However, among the top ten models in the sales list, the joint venture brand only occupies two seats, which can be said to be rubbed on the ground by the plug-in hybrid model of its own brand.

　　There is an obvious price difference between plug-in hybrid vehicles of joint venture brands and fuel vehicles. Even if there is no small discount in the later period, it is still much higher than the price of fuel vehicles. Moreover, compared with the models of independent brands, the plug-in hybrid models of joint venture brands have obvious gaps in a series of aspects, such as configuration, interior materials, power system, etc., and it is an indisputable fact that the overall lack of product competitiveness. Therefore, it is not surprising that the overall share is almost occupied by China brands.

　　In order to break this situation, Guangqi Honda launched the Accord e:PHEV model. Moreover, the price of the new Accord is 17.98-25.88 million yuan, which also responds to the trend of the times and joins the army of "the same price of oil and electricity". As a joint-venture medium-sized car market, there are few models that can be listed on the green brand. The change of the new Accord has put great pressure on joint-venture brands that have not yet set foot in this segment. At the same time, as an important strategic vehicle for Guangqi Honda to enter the new energy field, its initiative to change has also added more competitive chips for it to compete for the new energy track.

　　How strong is the "strongest accord in history"

　　Honda architecture new architecture

　　The new Accord is based on the new architecture of Honda Architecture, with obvious changes in appearance and more dynamic and elegant overall visual perception. Under this framework, the new Accord adopts the ACE-loaded body structure to strengthen the skeleton structure of the body. The use of a large number of thermoformed steel and ultra-high strength steel improves the torsional rigidity and bending rigidity of the car body, which provides a major premise for achieving a high level of ultimate performance, comfort and stability. In terms of passive safety performance, it not only adopts ACE-loaded body, but also comes standard with 10 airbags and PUH pedestrian collision protection system.

　　In addition, the new architecture adopts a brand-new car body architecture design concept. Even if the e:PHEV version is equipped with a large-capacity battery, it can achieve the same level of low center of gravity as the gasoline version without occupying the interior space. The design of low center of gravity ensures the driving quality with higher texture and the dynamic performance with more stability, flexibility and higher limit.

　　Honda Connect 4.0 Intelligent Guidance Interconnection System

　　For the first time, the new Accord is equipped with the newly upgraded Honda CONNECT 4.0 intelligent guidance interconnection system, which provides functions such as brand-new navigation system, personal assistance, life peace of mind service, smart phone/wearable terminal and entertainment service. Among them, the navigation system adopts Baidu map with high user usage rate in China, which can be based on the front camera of the driving recorder to realize the real navigation function and make the navigation picture more intuitive.

　　DMC driver’s state perception system can identify the driver’s expression according to the driver’s state camera equipped in the car, including fatigue monitoring, inattentive analysis, expression, dangerous behavior and so on. In addition, the vehicle can remotely operate and confirm the vehicle status through the smart phone, and can be linked with the smart watch. Through the voice control of the smart watch, the operation of locking/unlocking and synchronization of important notifications of the mobile phone can be realized.

　　In addition to Honda CONNECT 4.0 intelligent guidance interconnection system, the new Accord is also equipped with a 10.2-inch instrument panel, a 12.3-inch central control panel, an 11.5-inch HUD head-up display, a streaming rearview mirror and a cockpit environment control knob specially designed for China users, which minimizes physical keys and enables human-computer interaction in a more scientific and convenient way.

　　Honda sensing 360 security extrasensory

　　Like Honda CONNECT 4.0, this system not only upgrades the original functions, but also adds a number of configurations. Specifically, the original ACC active cruise acceleration has been increased by 40%, LKAS lane has been added with the function of following cars without white lines, the horizontal viewing angle range of the front sensor camera has been increased to about 100, the distance accuracy of the front radar has been improved by 2 times, the speed accuracy has been improved by 4 times, the angle accuracy has been improved by 2.5 times, and the alarm range of the rear radar has reached 90 meters.

　　The newly added configurations such as FCTW Crossing Prophet, LCCM lane-changing guard, ALCA lane-changing intelligent driving and ACC corner intelligent driving can greatly improve the safety and convenience. For example, ALCA lane-changing intelligent driving, when we lightly dial the lane-changing turn signal, as long as the system confirms that the next lane meets the requirements, it will assist the driver to operate the steering wheel to complete the lane change. Honda Parking Pilot intelligent parking assistance relies on MVC camera and radar sensor, which can carry out actions such as acceleration/braking/steering wheel/gear shifting in five situations, and realize automatic parking assistance, even if there is no crossed parking space. Parking can be completed.

　　The fourth generation i-MMD dual-motor hybrid system

　　The new 2.0L direct injection Atkinson engine adds in-cylinder direct injection technology and multi-stage fuel injection technology, integrates a 13.9 high compression ratio and high rigidity crankshaft, and greatly cools EGR and reduces friction to improve efficiency, and finally achieves the maximum thermal efficiency of 41%. E-CVT dual-motor gearbox is closely matched with PCU power density output control unit, which can output the maximum torque of 335Nm.

　　Accord E: The battery capacity used by PHEV reaches 17.7kWh, and the battery pack is reduced by 51% and the volume is reduced by 57%. Compared with previous PHEV models, the weight and volume are reduced by more than half, and the NEDC battery life can reach 106km. In addition, the power output of the new Accord is increased by 15%, and the size of the power output module is reduced by 40%. At the same time of high output power, it is lightweight and miniaturized, and the adjustment of power output is more linear and smooth.

recently

Antique appraisal live broadcast exploded on the Internet.

Ms. Qian (pseudonym) in Zhuji, Zhejiang Province

Found an ancient coin at home.

Once "appraised", the value is 2.2 million yuan.

She was overjoyed.

But when preparing to collect money, she was dumbfounded …

"global chain auction house" offered to help "

Appraisal "The ancient coins at home are worth millions of yuan.

A few days ago.

Ms. Qian brushed a treasure video.

The video says that an ancient coin is worth 1 million yuan.

Ms. Qian wants to go home.

There is also a similar ancient coin.

I just want to go online to identify it.

Guess can be valuable.

soon afterwards

Ms. Qian is online.

Random search antique appraisal platform.

Soon, a self-proclaimed global chain auction house

"wang xing Agent" took the initiative to contact Ms. Qian.

Indicates that it has been appraised by experts

The value of Ms. Qian’s ancient coins is

Between 1.4 million yuan and 2.2 million yuan

and

Their company can be responsible for the auction.

There is no charge during the period.

Part of the commission will be charged after selling.

Ms. Qian immediately agreed.

And download an app through the URL link they provided.

Hang ancient coins on the platform for auction.

Ms. Qian searched the company’s information on the Internet.

I did find it.

Global chain auction house of the same name

Consistent with the company introduction in the software.

My heart is also more bottomed out.

Ancient coins were sold for 2.2 million yuan.

But you have to pay a deposit to get the account. ……

A few days later

"Agent Wang" told Ms. Qian that her ancient coins

"It was sold for 2.2 million yuan!"

The buyer has paid a deposit of 1.1 million yuan.

The platform needs money, ma ‘am.

Pay a deposit of 22,000 yuan.

The other party said that after paying the deposit,

You can receive the buyer’s deposit.

After the whole transaction is over

The money can also be refunded

Without thinking much, Ms. Qian transferred the money.

However, when Ms. Qian transferred the money,

"Agent Wang" said

The deposit was stopped for not paying taxes.

You still need to pay back the tax of 33 thousand yuan

To receive the deposit.

Ms. Qian, who feels wrong

Immediately contacted the "agent Wang"

Ask the company if it can pay taxes in advance.

But "agent Wang" said

Ms. Qian pays personal income tax.

The company can’t help advance.

And many times

Not paying taxes is illegal and criminal.

Let Ms. Qian "pay taxes according to law"

"Agent Wang" also guided Ms. Qian.

Ask a friend to transfer money.

Said, "As long as the tax is paid, the money will arrive soon."

Just as Ms. Qian bluntly said that she had no money.

When you don’t want to continue the operation

"Agent Wang" is in a hurry.

Said that Ms. Qian only needs to pay 10 thousand yuan

He can help.

Advance the remaining 23,000 yuan.

at this time

Ms. Qian is gradually waking up.

The more you think about it, the more wrong it is.

Suspect that you may have been cheated.

So she quickly called the police.

Zhuji City Public Security Bureau Chengzhong Police Station said

This so-called auction APP

Actually, it was built by fraudsters.

Can’t download it in the normal app store.

The so-called Jianbao website

It is also a fraudulent website.

No matter what he sends, he will say that the appraisal is true.

now

The case is being further processed.

The police reminded:

Don’t trust others.

"Professional Speech" and False Promise

Don’t be held with the idea of "getting rich overnight"

If you need to pay in advance

Everyone must be extra cautious.

Call the police in time if there is any abnormality!

Comprehensive: Zhuji police, Zhuji Xishi Eye

Original title: "2.2 million yuan! A woman in Zhejiang dug up an ancient coin at home, and this happened when she clinched the deal … "

Read the original text

[Autohome Original Test Drive] Wuling Hongguang series models, as the best-selling models on the planet, have always been concerned by a large number of users. SAIC-GM-Wuling Motors launched an upgraded version of Hongguang S in August this year – Hongguang S1, which is a model positioned between Hongguang S and Baojun 730. Compared with Hongguang S, it has a lot of improvement in appearance, interior and driving quality. Overall, it has a good performance. For its appearance and interior, friends who pay attention to this car have already gained a considerable understanding of it (click here to see my colleague Zhou Churan’s real picture of Hongguang S1). I believe that many friends who have not yet tested it must be curious about the performance of this car’s driving quality. So today, let’s take a look at how this car works.

As mentioned earlier, the Hongguang S1 is upgraded from the Hongguang S, which has improved the appearance, interior and power smoothness. Overall, the appearance of the Hongguang S1 is more fashionable, so it can be applied to more occasions, making it not only a commercial model that can only "work and pull goods", but also a step towards a more versatile MPV model.

Compared with the Hongguang S, the front face design of the Hongguang S1 is obviously more dynamic and fashionable. In the front face design, the Hongguang S1 uses the same color as the body to extend into the shield-shaped forward air barrier, while the lower air intake barrier has also been redesigned to look flatter. With dynamic fog lamp components, the Hongguang S1 looks more dynamic than the Hongguang S.

The Hongguang S1 series is equipped with lenticular low beams and folding remote control keys as standard, and the configuration is more high-grade, but the lowest model is still equipped with manually adjusted rearview mirrors. However, for models of the Hongguang S1 class, such a configuration is already quite kind. In terms of tires, the Hongguang S1 luxury model uses Kumho’s 195/60 R15 tires, and the low-end model uses the lower-priced Linglong tires, but the Hongguang S1 series comes standard with 15-inch 16-spoke aluminum alloy wheels.

In terms of body size, the Hongguang S1 has some changes on the basis of the Hongguang S. Its body height is lower, while the width is increased by 41mm, which makes the lateral visual effect of the body better. The wheelbase is the same as the Hongguang S, 2720mm, which is 30mm smaller than the Baojun 730 and maintains a certain difference from the Baojun 730.

The lower edge of the rear window of the Hongguang S1 luxury model has added chrome decorative strips. It is precisely because of this design that the rear window of the luxury model cannot be opened sideways, which is different from the standard model and comfort. However, in actual driving, although the rear window cannot be opened, the comfort of the third row passengers is not greatly affected.

The rear details of the Hongguang S1 have been redesigned, especially the taillight assembly, with a horizontal split taillight for better visual effect. The luxury rear also has 4 reversing radar and reversing imaging system, which is quite abundant in this class of models.

● Interior: fine design, good sense of grade

The interior design of the Hongguang S1 highlights the skills of Wuling designers, and there is an improvement on the basis of the Hongguang S. It uses an upper and lower two-color design, and the model we tested uses an upper brown and lower beige interior color scheme. Although the center console and door panels are made of the most basic hard plastic, the overall look is more refined and the sense of grade has also been improved.

The steering wheel of the Hongguang S1 adopts a three-spoke design and uses a small number of chrome-plated decorative parts as embellishments, which looks relatively simple. It is also equipped with electronic steering power, which is more careful in configuration. And it also has a monochrome LCD screen in the center of the dashboard, which looks very high-grade.

The luxury central control entertainment system also supports the mobile phone screen mapping function, allowing Android or Apple phones to project the screen onto the central control screen in the car through the HDMI interface, making it more convenient to operate and enhancing the convenience and comfort of using the car.

Dynamic test drive: the improvement of driving quality is more obvious

The 1.5L P-TEC DVVT engine on the Hongguang S1 has a maximum horsepower of 112 horsepower and a maximum torque of 147 Nm

The engine has also been optimized for ride comfort, and a dual-mass flywheel has been replaced inside the engine. The vibration of the engine during operation is smaller than that of Hongguang S, and the overall driving texture has been improved significantly.

In terms of gearboxes, the Hongguang S1 is still equipped with a 5MT manual gearbox, but the gearbox has been redesigned to improve the shifting texture compared to the 5MT manual gearbox used on the Hongguang S, with clear gears and smoother gear shifts.

This car still uses a front-and-rear-drive design. The gearbox switches smoothly after being readjusted, the clutch pedal travel is very short, and the engine is biased towards low-speed power output adjustment, so the power output is quite smooth at starting and low-speed driving, with good performance.

Due to the use of a dual-mass flywheel in the engine, the engine has better smoothness at medium and low speeds, and has improved in terms of operation refinement compared to the engine used on the Hongguang S model. When driving at medium and low speeds, the engine vibration phenomenon on the previous Hongguang S was significantly reduced.

For the Hongguang S1, the speed of 80km/h can be said to be the speed commonly used in medium and high-speed driving. When cruising at 5th gear and 80km/h, the engine speed is maintained at around 2500rpm, and the engine noise at this time is clear, but still within an acceptable range.

And when it comes to noise, the noise control of the Hongguang S1 has been significantly improved compared to the Hongguang S, which can also be seen from the engineers’ efforts on the NVH aspect of this car. However, we can still clearly hear the obvious noise from the engine, rear axle and tires when driving at medium and high speeds. But for this price and this class of models, even its sibling Hongguang S, its noise control performance is quite good.

In terms of chassis suspension, the Hongguang S1 uses a front McPherson independent suspension/rear coil spring semi-independent suspension, which has some differences from the leaf spring rear suspension used on the Hongguang S. However, in order to be able to accommodate the need to load more goods and take into account the production cost, its suspension is set to be relatively hard, and the fine vibration of the road surface will be clearly transmitted into the car. If you encounter large potholes or ups and downs, the beating of the vehicle is also more obvious. If it is an MPV, then the chassis is not the strength of the Hongguang S1, but for its price and main purpose, it has performed quite well.

On June 28, the Zero Run C16 was officially launched, the price range of the new car 15.58-18 5,800 yuan, and a total of 6 models were launched.

In terms of rights and interests, Zero Run C16 has a total of 8 interests:

• Double lifetime free quality assurance: free vehicle lifetime quality assurance, free three electricity lifetime quality assurance (the above is limited to the first owner and non-operation)
• 7000 yuan optional voucher: 5000 yuan optional package voucher, 2000 yuan car color optional voucher
• 5,000 yuan financial subsidy: up to 5,000 yuan/Taiwan financial discount
• The whole system can enjoy 7kW charging piles and basic installation within 30m
• Car and machine traffic gift: free basic traffic for life, free entertainment traffic for 2 years
• Delivery comfort package: original head and neck soft pillow * 4
• Referral benefits: 5000 energy introduction incentives (5000 for old users, 2000 for new users)
• Feedback from regular customers: regular customers can enjoy a cash subsidy of 5,000 yuan/unit by purchasing C16.

In terms of optional packages, the Zero Run C16 series supports a full optional package worth 10,000 yuan, including 21-inch wheels, Youke Homa brand silent comfortable tires, 15.6-inch high definition ceiling screen, 7.1.4 layout 21 speakers luxury audio, support Dolby Atmos, music rhythm ambient light.

In terms of appearance color scheme, Zero Run C16 has launched six appearance color schemes: Star Silver, Star Purple, Glazed Green, Metal Black, Pearl White and Sky Curtain Grey.

In terms of appearance, the Zero Run C16 model continues the latest design language of the Zero Run car. The front face is still equipped with a through headlamp, and the headlamp position is also relatively lower.

Then we came to the side, and through the side, we could see that the Zero Run C16 was a medium and large SUV. The length, width and height of the new car were 4915/1905/1770mm, and the wheelbase was 2825mm. The wheelbase was even the same as the Zero Run C10, after all, it was a model on the same platform.

Then came the tail, the tail of the Zero Run C16 also uses the design of a through taillight, and the overall shape of the tail looks relatively tall and straight.

In terms of interior color scheme, Zero Run C16 launched three interior color schemes: Crimson Xia Orange, Xingheng Purple and Malt Rice.

The interior styling of the Zero Run C16 is almost the same as that on the Zero Run C10, including workmanship materials. At the hardware level, the interior uses a 10.25-inch instrument panel + 14.6-inch central control screen, and all models will be equipped with Qualcomm Snapdragon 8295 chips.?

Based on the four-leaf clover architecture to create a zero-running C16, the new car has two power types: extended range and pure electric. The total power of the extended range version motor is 170kW, the total torque of the motor is 320N · m, and the total power of the pure electric version motor is 215kW and the total torque is 360N · m.

In terms of pure electric cruising range, the extended-range model is equipped with a 28.4kWh battery pack, the CLTC pure electric cruising range is 200km, the pure electric version is equipped with a 67.7kWh group, and the CLTC pure electric cruising range is 520km.

Welcome to [Autohome Nanchang Promotions Channel] to bring you the latest car market trends. Now, the much-anticipated Nanchang area is conducting an unprecedented promotion. It is understood that car buyers have the opportunity to enjoy up to 130,000 cash discount, which makes the starting price of this luxury SUV as low as 242,700. This is a great opportunity not to be missed. If you are interested in the Cadillac XT5, be sure to click the "Check Car Price" button in the quotation form to get the most real-time discount information, and hurry up to get higher car purchase discounts!

As a luxury mid-size SUV, the Cadillac XT5’s exterior design is full of power and elegance. The front face adopts the Cadillac family-style shield-shaped air intake grille, and the combination of chrome decoration and black grid reflects not only the classic elements of the brand, but also shows a strong sense of modernity. The body lines are smooth and angular, showing the perfect fusion of movement and stability. The overall style is atmospheric and exquisite, highlighting the extraordinary charm of luxury SUVs.

The Cadillac XT5 comes into view with its streamlined body design. Its body size reaches 4813mm x 1903mm x 1682mm, showing the combination of luxury and power. The 2857mm wheelbase ensures a spacious interior space and excellent handling. The body lines on both sides are smooth and dynamic, and the front and rear wheel tracks are 1645mm, ensuring driving stability. The tire size is 235/65 R18, and it adopts a classic wheel rim design, which not only combines visual beauty but also provides good grip performance.

The interior design of the Cadillac XT5 shows the perfect fusion of luxury and technology. The steering wheel wrapped in high-end leather material not only feels comfortable, but also provides manual up and down and front and rear adjustment functions to ensure the driver’s driving experience. The center console is equipped with an 8-inch touch screen, which supports intelligent operations such as multimedia systems, navigation and telephones, and is equipped with automatic speech recognition function, which is convenient for the driver to easily control during driving. In terms of seats, the front seats and passenger seats are made of imitation leather and leather, which provide front and rear adjustment, backrest adjustment, high and low adjustment and waist support functions. The driver’s seat also has a power seat memory function to ensure a comfortable ride for passengers. The second row of seats also supports front and rear adjustment and can be reclined on demand, making space utilization extremely flexible. These configurations showcase the practicality and luxury of the XT5 interior.

The Cadillac XT5 is powered by a 2.0T turbocharged engine with a maximum power of 174 kilowatts and a maximum torque of 350 Nm. This power unit can release 237 horsepower. Matched with a 9-speed manual transmission, it provides the driver with a smooth shift experience and efficient performance output.

In general, Autohome owners are full of praise for the exterior design of the Cadillac XT5. He said that its design not only conforms to the essence of the Cadillac brand, but also gives the vehicle a unique charm and recognition. This combination of atmosphere and dynamics undoubtedly makes the XT5 stand out among its peers, showing a high-end luxury style. Whether it is first contact or daily driving, the appearance of the XT5 can bring full satisfaction to the owner.

Today, I picked a car in the full-size SUV to introduce to you, and it is it. Let’s take a look below.

First of all, from the appearance, the front face of the navigator looks very individual and flamboyant, equipped with a three-frame air intake grille, which looks relatively clean. With the dignified headlights, the overall look is full of simplicity. The car is equipped with LED daytime running lights, front fog lights, automatic opening and closing, adaptive far and near light, automatic steering, delayed closing, etc. To the side of the car, the body size of the car is 5657MM*2073MM*1934MM, the car adopts exquisite lines, the side circumference gives a very eye-catching feeling, with large-sized thick-walled tires, smooth lines run through the entire side of the car. On the rear design, the rear looks very sharp, the tail lights look very fashionable and generous, coupled with the unique shape of the exhaust pipe, the sense of neatness leaps in front of you.

In terms of the interior, the front face of the navigator looks very cool and rich in functions. The steering wheel of the car is very round and made of genuine leather, which makes the grip feel full and delicate. From the central control point of view, with the 13.2-inch touch LCD central control screen, the interior style is impressive and looks very atmospheric. The dashboard and seats also feel good. Let’s take a look. The dashboard of the car presents an angular design style, which looks very technological. The car adopts leather seats, which are well wrapped, and the overall comfort and wrapping are not bad.

The navigator is matched with an automatic manual (AT) gearbox, with a maximum power of 305KW and a maximum torque of 670N.m, resulting in good power performance.

The overall performance of the navigator’s trunk space is relatively good, and the shape is regular, which is convenient for personnel to pick up luggage. At the same time, the car is equipped with fatigue reminder, anti-lock braking (ABS), LED daytime running lights, brake assistance (EBA/BAS, etc.), braking force distribution (EBD) main driver airbag, passenger seat airbag, knee airbag, side air curtain, front side airbag and other safety configurations.

To sum up, models at this level often offer a good balance of cost performance and practicality, and are often considered by most consumers to be the first choice when buying a car.