Compact family car three cars compete for hegemony, and the new Qin EV rides the dust!

Under the epidemic situation, health and safety have become the top priority of all needs, and based on the consideration of travel safety, people are increasingly inclined to travel by car. Not long ago, the lottery results of the new passenger car were announced. For the lucky ones who just got the index, how to choose a reliable car is very important.

As the main model in the market, the epidemic prevention and sterilization capabilities of brand new, BEIJING EU5 and brand new have reached the professional level, and brand new has become the leader in the compact pure electric family car market with its strong and numerous fan base. So if you want to choose a safer, stronger and more practical one among these three cars, who will be the better option?

Who is the strongest in protecting health and professional sterilization and antivirus?

To be healthier and safer, we must first have stronger sterilization and antivirus ability. The newly equipped three-layer high-efficiency composite filter screen can filter dust, harmful gases, PM2.5 particles with a diameter of > 0.3 μ m up to more than 90%. Its filter screen consists of non-woven fabrics and chemical fibers, and is made by melt-blowing process, which can better filter droplets and particles with diameters greater than 0.3 μ m that germs often attach to, thus effectively blocking germs from entering the car. In addition,BYD’s self-developed high-efficiency filter has obtained the first batch of "CN95" certification of the highest level of automotive air-conditioning filter filtration, and will be fully equipped with this system for more old models in the future to further improve health and safety performance.

At present, the filtration system carried by EU5 has been upgraded on the basis of filtering pollen and PM2.5; On the other hand, a UVC deep ultraviolet optical anti-virus system was installed for Ei5, but there are still concerns that "ultraviolet anti-virus will have adverse effects on human body" in the market at present. It is not difficult to see that the new health care is more professional and leading.

Guarding safety, the brand-new Qin EV power battery has a 16-year accident.

If health is a higher demand of consumers, then the demand for vehicle reliability is the basic demand of all consumers. In the world, this basic requirement includes the reliability of endurance, the reliability of battery, and the reliability of the overall performance of the vehicle, etc. If the technical performance of any aspect is not strong enough, there is no way to talk about safety, and no one can trust a brand of new energy vehicles with frequent vehicle spontaneous combustion. 

From the comparison of the above figure, the brand-new battery has higher energy density and can store more electricity per unit volume, so its comprehensive endurance is stronger, and at the same time it can have more room for lightweight.

While continuously improving the energy density, a 7-dimensional and 4-layer safety matrix has been built for brand-new power batteries, which "comprehensively tests the safety of single batteries, modules, battery packs and systems from the aspects of reliable connection, high-voltage protection, collision, overcharge, internal and external short circuit and thermal runaway; The high-voltage system has undergone five tests: leakage detection, power-off protection, misoperation protection, active discharge and passive discharge, and the whole vehicle has undergone extreme cold and heat tests, which fully guarantees the safety of the battery. "

If these terms seem hard to you, then the accident in 16 years will definitely make you easily realize the reliability of the battery.The accident in 16 years first benefited from BYD’s technical advantages in battery safety design.In order to avoid the thermal runaway of the battery caused by the short circuit in the battery caused by the contraction of the diaphragm at high temperature, a ceramic diaphragm with more high temperature resistance was developed. In order to cope with high and low temperature environment, prevent overcharging, improve fast charging safety and flame retardant, etc., many special additives are added to the electrolyte solution of the battery cell on the basis of the original solute and solvent to ensure the stability under various complex conditions; In addition, in order to protect the safety of the battery cell, a mechanical device, including a CID device and an explosion-proof valve, is arranged on the shell of the single battery cell to prevent overcharging. These technical advantages are integrated into the battery intelligent temperature control management system, which is not only smarter, but also greatly improves the consistency and stability of products.The new Qin EV is equipped with BYD’s third-generation battery intelligent temperature control management system, which can make the battery in the most efficient working range at various ambient temperatures, greatly improving the battery life cycle performance, life span and safety.

Secondly, the accident in 16 years can be achieved thanks to all the self-research and self-production of the three power systems. Compared with peers, it has higher integration, more advanced consistency and integrity, and a stronger degree of systematization.BYD’s brand-new Qin EV efficiently integrates the motor, electronic control and transmission, which reduces the volume by 30% and the weight by 25%, while increasing the power density by 20%.

EU5 and Ei5 are made in Contemporary Amperex Technology Co., Limited, and although they have passed the battery safety test, the integration is not enough, and the consistency and integrity of products are different, so the stability performance in practical use is relatively average. For example, the dry-wet separation thermal management technology of batteries carried by EU5 is said to be effective in preventing combustion and explosion, but an EU5 exploded in Zhenjiang last September. At the same time, there are also car owners who feedback Ei5 battery failure on the car quality network.

In addition, the brand new has a stronger fan base. As of now,Qin series models have accumulated more than 200,000 fans, and have made remarkable achievements in sales volume, quality and word of mouth.,At this point, the brand-new performance is more ahead of. As a model, last year, some car owners reported on the Internet that it had a nominal battery life of 410 kilometers and actually traveled at full power for 210-220 kilometers. Therefore, in terms of endurance authenticity, brand-new is more reliable.

From the above comparison, we can see that a truly safe new energy vehicle is armed from the inside out to the "teeth", and the basis of this "armed" is the comprehensive technical strength, and the brand-new safety is based on this. It is this technical strength that has been recognized by more peers. It is said that the new factory invested 8.5 billion yuan will be used to produce and cooperate with products under the e platform.

Summary:

Changes in consumer demand after the epidemic will require higher safety, health and intelligence. Choosing a healthier and safer car will become one of the core needs of consumers around the world. At the same time, a truly leading new energy vehicle is that it understands the needs of consumers enough, and the leading comprehensive strength and proper configuration are the real masters. In the field of new energy compact family car, brand-new has really set a benchmark!

SAIC’s Zhiji car reported that it was dissatisfied with Xiaomi because of the comparison of new cars with cyber violence.

  Caixin. comZhiji Automobile, a subsidiary of SAIC, released a new car, benchmarking Xiaomi Automobile in the process. The storm caused by this conference continues. On April 11th, Zhiji Automobile publicly reported that it suffered from organized cyber violence and traffic bullying, which affected the normal business activities and business reputation of the enterprise, and urged relevant departments to severely punish cyber violence.


  On April 8th, Zhiji Automobile released the pure electric car L6. Tamia Liu, co-CEO of Zhiji Automobile, made a speech at the press conference and later became the focus of cyber violence. Tamia Liu said that some employees missed the birth of their children in an effort to "build cars", and some employees sent their young children to boarding schools so that they could meet in a hurry only once a week.


  Since then, there have been a lot of malicious comments in the official Weibo comment area, official live broadcast room and dealer’s live broadcast room of Zhiji Automobile, calling L6 an "orphan car" or a "wife-abandoned car". These messages even encouraged consumers not to buy, saying that "no business, no harm".

Hot spots of the week | China will completely cancel the restrictions on foreign investment access in manufacturing; Jianghuai intends to transfer the assets of Weilai Factory; Expose Wang Sicong to o

1. In the first three quarters of this year, China’s GDP increased by 5.2% year on year.

According to the data released by the National Bureau of Statistics on October 18th, the gross domestic product (GDP) of China in the first three quarters of this year was 91,302.7 billion yuan, an increase of 5.2% at constant prices. Among them, GDP in the third quarter increased by 4.9% year-on-year. In the first three quarters, the national economy continued to recover, production and supply increased steadily, market demand continued to expand, and the quality of development improved steadily. (Xinhua News Agency)

2. China will completely cancel the restrictions on foreign investment access in manufacturing.

China announced eight actions to support the high-quality construction of the Belt and Road Initiative. In the action of "supporting the construction of an open world economy", it was mentioned that the restrictions on foreign investment access in the manufacturing sector would be completely lifted. This is a further step on the basis that China’s manufacturing industry has basically opened up and the negative list manufacturing industry in the free trade pilot zone has been cleared. (China News Network)

3. The Ministry of Commerce responded to the US semiconductor export control to China.

Ministry of Commerce: China has noticed that on October 17th, the United States issued the final rules on the export control of semiconductors to China. On the basis of the provisional rules issued on October 7 last year, the final rules further tightened the export restrictions on artificial intelligence-related chips and semiconductor manufacturing equipment to China, and added a number of China entities to the "list of entities" for export control. The United States continues to generalize the concept of national security, abuse export control measures and implement unilateral bullying. China is strongly dissatisfied with this and resolutely opposes it. (Ministry of Commerce)

4、The Ministry of Natural Resources issued a document proposing to cancel the land price ceiling.

At the end of September, the Ministry of Natural Resources has issued documents to the natural resources authorities of various provinces and cities, including: it is suggested to cancel the land price limit in land auction, and it is suggested to cancel the plot ratio limit of 1.0 in the outer suburbs. According to several sources, Jinan, Nanjing, Hefei, Ningbo, Suzhou, Chengdu, Xi ‘an and other cities have taken the action of "canceling the land price ceiling", and most cities will delete the land price ceiling in the next batch of land transfer documents. Core cities such as Beijing and Shanghai are still studying how to adjust the bidding rules. (Economic Observer Network)

Last year, the number of children born in China was less than 4.5 million.

The Statistical Bulletin on the Development of China’s Health Care in 2022 recently published by the National Health and Wellness Commission shows that in 2022, the number of births of one child in China was 4.41 million, the number of births of two children was 3.72 million, and the number of births of three children and above was 1.43 million (rounded to the nearest whole number). (National Health Commission)

17c2fb612a7dc4f8a1ec09ac199118d8.jpegIn June and September, China did not import any aquatic products from Japan.

According to data released by the General Administration of Customs on the 18th, in September, China’s aquatic products imported from Japan were "zero". In the monthly report of China’s import and export statistics just released by the General Administration of Customs today, there is no record of "fish and other aquatic invertebrates" imported by China from some countries (regions) in September. (Global Times)

7. Shanghai became the first first-tier city to implement the provident fund "recognizing housing but not loans"

Shanghai announced the optimization of housing provident fund individual housing loan number identification standard. If it is clear that the employee’s family has no housing in this city, has not used the housing provident fund personal housing loan in the country or the first housing provident fund personal housing loan has been settled, it will be recognized as the first set of housing. (21st century business herald)

8. The price of Grade-8 lithium carbonate "rose three times in a row"

Recently, the price of battery-grade lithium carbonate, the core raw material of lithium batteries, has risen. As of October 16th, the price of battery-grade lithium carbonate has maintained an upward trend for three consecutive trading days. From the perspective of downstream demand, industry insiders said that local policies to promote automobile consumption continued to exert their strength, and new products of superimposed automobile enterprises were listed on the market to stimulate the release of demand. It is expected that the sales of new energy vehicles will continue to rise in the fourth quarter. (china securities journal)

9. TSMC is expected to mass-produce 2nm process chips in 2025.

Wei Zhejia, president of TSMC, disclosed at the legal person briefing that TSMC is expected to mass-produce 2nm process chips in 2025. It is said that the OEM price of TSMC’s 2nm wafer is as high as $25,000, while that of 3nm wafer is $20,000. TSMC’s plant in Arizona, USA, plans to start mass production in the first half of 2025, and the plant in Japan is expected to start mass production by the end of 2024. (First Electric)

390e48069a10565e54475f9826e1f8fe.png10. Weilai responded to the proposed transfer of factory assets.

On the evening of October 19th, Jianghuai Automobile announced that the company intends to transfer some assets through public listing, which is actually two factories jointly operated by Jianghuai and Weilai-Weilai F1 Factory and Weilai F2 Factory. "The company has learned about the partners and confirmed that this action will not affect the company’s next production and operation activities." The relevant person in charge of Weilai responded that the company will address relevant issues at an appropriate time.Communicate, and will not comment on this matter before. (national business daily)

11. Q3 net profit decreased month on month.

Contemporary Amperex Technology Co., Limited (300750) disclosed that the third quarter report showed that the company achieved revenue of 294.677 billion yuan in the first three quarters, a year-on-year increase of 40.10%; The net profit of returning to the mother was 31.145 billion yuan, a year-on-year increase of 77.05%. The company’s provision for asset impairment in the first three quarters totaled 3.097 billion yuan, which will reduce the company’s net profit for the first three quarters by 2.629 billion yuan. Among them, Contemporary Amperex Technology Co., Limited Q3 achieved revenue of 105.431 billion yuan, an increase of 8.28% year-on-year; The net profit of returning to the mother was 10.428 billion yuan, a year-on-year increase of 10.66%. According to the previous financial report, the company’s Q2 net profit was 10.895 billion yuan, and the Q3 net profit decreased by 4% from the previous month. (First Electric)

12. Xiaomi discussed vehicle OEM with BAIC and Brilliance.

It was learned from people close to Xiaomi that at the end of August this year, Xiaomi Automobile was in contact with Jianghuai Automobile to discuss matters related to OEM of new energy vehicles, but the two sides did not reach a final cooperation. In October, Xiaomi Automobile began to contact Beiqi Blue Valley and Brilliance Automobile to conduct cooperation negotiations on production and other matters. According to the person familiar with the matter, the cooperation between Xiaomi Automobile and BAIC has been further promoted, and both parties intend to enter deeper negotiations. However, the specific form of cooperation is still unknown. Informed sources said that after the first sedan, Xiaomi also plans to produce an SUV model on the line, but Xiaomi does not consider rebuilding the production line for the time being. (Interface)

13. Xiaomi will launch a new operating system.

Lei Jun announced in his personal Weibo that Xiaomi will launch a brand-new operating system, Xiaomi HyperOS. This is an epoch-making milestone for Xiaomi, and it is a key leap towards "the whole ecology of people, cars and homes". (First Electric)

14. The gross profit margin of automobiles turned positive for the first time.

Zero-run cars were announced on the Hong Kong Stock Exchange. The announcement showed that during the period, the company’s gross profit margin turned positive for the first time to 1.2%, achieving the goal of turning gross profit into positive ahead of schedule; The single-season sales revenue was 5.656 billion, up 31.9% year-on-year, and the sales volume reached 44,325 units, up 24.5% year-on-year, reaching a new high in the double-creation quarter. The net cash generated from operating activities continues to flow in. (First Electric)

15. Officially enter the Hungarian passenger car market.

A few days ago, BYD officially announced its official entry into the Hungarian passenger car market. BYD ATTO 3 (Yuan PLUS) and three pure electric models made their debut in Hungary. Since it was announced to enter the European passenger car market at the Paris Motor Show in 2022, BYD has entered 19 European countries. Hungary is BYD’s first Central and Eastern European market, which marks another important milestone for BYD to expand its global layout. (First Electric)

681538e1gy1hizpmjcnnij218y0u0aix.jpg16. Deny that the founder ran overseas.

Weimar Automobile issued an announcement in Weibo, clarifying some recent remarks, saying that it did not file for bankruptcy, and the pre-reorganization was to avoid bankruptcy self-help. At present, the company’s core positions are operating normally, and it is also said that the information uploaded by the current network, such as the founder running overseas and Weimar financing of 40 billion, is false information. (First Electric)

17. Exposed Didi Travel plans to be listed in Hong Kong next year.

According to insiders, Didi Chuxing plans to be listed on the China Hong Kong Stock Exchange next year, and the current employees have been informed to allow them to sell their shares back to the company according to the employee stock ownership plan. Didi Chuxing was listed on the New York Stock Exchange on June 30, 2021, but only every two days, the National Network Information Office issued a notice to conduct a network security review. On June 2, 2022, Didi submitted an application for delisting. (First Electric)

image.png18. Chen Siying, CEO of Auto Wei Brand, left his post.

Chen Siying, CEO of Great Wall Great Wall Motor Weipai, announced his departure from Weipai on his personal social account. Wei Pai was born in 2016, with the goal of becoming a world-class luxury SUV brand and a benchmark brand of China Automotive Intelligence. In 2018, it sold 140,000 vehicles. However, since then, the lack of explosions has started to decline year by year. In 2022, the annual sales volume was only 36,400 units. The overall management of the brand is also chaotic. According to public information, Wei Pai has replaced six CEOs since its establishment. (First Electric)

19. The new version of Model 3 Huan officially opened for sale.

On October 19th, the new version of Tesla Model 3 Huan was officially launched for sale, and the first delivery will be started at the end of October. The car was pre-sold in Chinese mainland on September 1st, and the price has not changed since it was officially sold. The new version of the rear-wheel drive is priced at 259,900 yuan, and the new version of the long-life all-wheel drive is priced at 295,900 yuan. Previously, First Electric had learned from Tesla sales staff that the other party claimed that if the price of 259,900 yuan was sold well, there would be a high probability that the price would not be reduced, and if it was not sold well, it might fall. (First Electric)

WechatIMG274.jpg20. Tesla Cybertruck will be officially delivered on November 30th.

Tesla officially announced that the world’s first delivery will be carried out at the Texas Super Factory on November 30, but the specific configuration and price of Cybertruck have not been announced. It is worth noting that Cybertruck has not opened the reservation channel on Tesla’s China official website. Cybertruck is an all-electric pickup truck launched by Tesla. Since the release of Cybertruck in November 2019, this model, which is full of cyber style and futuristic design, has been receiving much attention. (First Electric)

001Ve2Mhly1hj0d727rlzj60ty1k0gqg02.jpg21, ask M9 has officially offline.

Recently, Yuan Jiajun, secretary of Chongqing Municipal Party Committee, went to the intelligent production workshop of Sailis No.3 Factory, and it can be seen that the M9 has been officially off the assembly line, and Sailis also showed off this new car. This time, the white model M9 was unveiled. On the picture, the front of the car is rounder, and it is designed with penetrating daytime running lights. The lidar on the roof is very eye-catching. Wenjie M9 is positioned as a large SUV, and the new car will be launched in December, with a pre-sale price range of 500,000-600,000 yuan. Yu Chengdong called it "the best SUV in 10 million". (First Electric)

WX20231019-154647@2x.png22, the ideal MEGA pure electric MPV official map

The CEO released two real car maps of the ideal MEGA in Weibo with the caption "Guess the drag coefficient directly". According to the plan, the new car will be officially released in December, and will be delivered in February next year, equipped with Contemporary Amperex Technology Co., Limited Kirin battery, which is expected to be more than 500,000 yuan. (First Electric)

4a23d069gy1hiy0mwyv11j21t90zpnjj.jpg23, Tucki X9 boarding vehicle purchase tax exemption directory.

On October 19th, the Ministry of Industry and Information Technology announced today the Catalogue of New Energy Vehicles Exempted from Vehicle Purchase Tax (the seventieth batch), including 46 passenger cars, 17 pure electric buses, 13 passenger cars and 1 plug-in hybrid bus. Including Tucki X9: cruising range 640/702/610km(CLTC). (First Electric)

iShot_2023-10-19_23.00.48.png24. Delivery of the 100,000th vehicle of D9

Zhao Changjiang, general manager of Tengshi Sales Division, issued a document in Weibo, saying that the 100,000th car owner should go hand in hand to witness Tengshi speed! Cao Huicheng, the son of Cao Dewang, the "King of Glass", the vice chairman of Fuyao Group, became the 100,000 th owner of Tengshi D9. (First Electric)

722e3693gy1hix6173837j23h02bcqv6.jpg25. Zhijie S7 went offline in batches and was officially listed in November.

The length, width and height of Zhijie S7 are 4971*1963*1474mm and the wheelbase is 2950mm, respectively. It locates a large-space smart coupe. In addition to the first 4(HarmonyOS 4 intelligent cockpit and Huawei’s advanced intelligent driving system ADS 2.0, the new car looks very unique, and there is also a "big" driving space. Yu Chengdong even said without stint that its positioning specifications will surpass Tesla Model S.. (First Electric)

a2c3a443gy1hivwfvxywoj20zj0qojxt.jpg26. BYD Song L’s interior map was released, with an estimated price of 250,000 yuan.

After several warm-ups, BYD finally released the interior photos of the new SUV model Song L, which will be officially launched in the fourth quarter. Generally speaking, BYD Song L gives people a brand-new feeling, which can meet the needs of aesthetics, technology and comfort at the same time, and it can be said that it has broken the inherent impression of its "cheap feeling". (First Electric)

Wechat screenshot _20231014150015.png27. The 50th Galaxy L7 officially rolled off the assembly line.

Since the listing of Geely Yinhe L7 on May 31st, it took 33 days to quickly open the market. On July 3rd, it was announced that the first intelligent hybrid product of "Geely Yinhe" series, Geely Yinhe L7, was officially rolled off the assembly line in Baoji factory. From 10,000 to 50,000 vehicles, it took less than four months.

5582a3cfgy1 HIV P1 umpboj21900u0wo1 _ copy. jpg28. Wang Sicong was exposed to order one.

Wang Sicong was exposed to have ordered an ideal L9. He himself appeared in the ideal store, and a suspected ideal staff member took a photo with him and sent out a screenshot of the order. The netizen said: "I believe that consumption has been downgraded, and Wang Sicong has started to buy 400,000-class cars …" "Unexpectedly, one day, I will become a car friend with Wang Sicong." "Times have changed, and President Wang has returned to his family." "It turns out that Wang Sicong didn’t buy it until the discount was big." (First Electric)

29. The time limit for listing of Nezha X is 108,800.

Nezha X, a brand-new pure electric SUV model in Nezha, has been officially launched. It has launched four models, with the price range of 126,800-146,800 yuan, and can enjoy the interest of 2,000 yuan deposit to 20,000 yuan within a limited time (ending on November 30), that is, only 10.88-128,800 yuan. After the launch, the car will compete with BYD Yuan PLUS, GAC Ai ‘an Y PLUS and other models.

007QtMdagy1hiznfk532jj31td10onk6.jpg30. The listing price of Wei brand Gaoshan is 335,800-405,800 yuan.

Gaoshan, the first luxury MPV model of Wei Brand, was officially launched. The new car was launched in two versions, of which the regular version for the travel market was priced at 335,800-375,800 yuan, and the customized four-wheel drive executive extended version for business reception was priced at 405,800 yuan. The exclusive rights of up to 36,000 yuan were launched together, and the two were matched with each other to jointly attack the luxury MPV market. (First Electric)

WechatIMG464.jpg31. The new long wheelbase E-Class was officially released.

The new car is developed based on MRA platform and will be officially launched this year. The length of the car is 5092 mm, the width is 1880 mm, the height is 1493 mm and the wheelbase is 3094 mm. Equipped with 8295 intelligent cockpit chip, China’s exclusive L2+ navigation assisted driving (high-order intelligent driving), China’s exclusive over 10 luxury and comfortable rear seats, China’s exclusive "meteor-catching" light carpet, and China’s exclusive 360-degree ambient light. (First Electric)

006 of 1xily1hixd9ldwc0j32bc1jlu0y _ copy. jpg32. The blind subscription price of Star Age ES is 260,000-360,000 yuan.

Star Road Star Era ES officially opened blind booking, and the price range of new car blind booking is 260,000-360,000 yuan. In terms of new car size, the new car is 4945mm long, 1978mm wide, 1489/1480/1467mm high and 3000mm wheelbase. The comprehensive battery life is 720km, the power consumption under CLTC condition is 11.7kWh/100km, the battery life can be 150km after charging for 5 minutes, and the energy can be replenished by 30% to 80% after 15 minutes. (First Electric)

00828kInly1hixact28tyj30u60k4gp1.jpg33. Starlight made its official debut and went on the market in late November.

Wuling Xingguang debuted and will be listed in late November. It will be equipped with two latest technological achievements: Wuling Lingxi hybrid system and Shenlian battery. According to the official, Shenlian battery can be called a "pentagonal warrior", in which it can achieve no fire and zero spontaneous combustion in terms of high safety! (First Electric)

0069HxL1ly1hixfpkr3dkj31u00uok01.jpg34. The listing guide price of Nexo China Edition is 800,000 yuan.

The new car is positioned as a battery SUV with a length, width and height of 4680/1860/1640mm and a wheelbase of 2790mm. In terms of power, the maximum power of the driving motor is 120 kW, the maximum torque is 395 Nm, and the maximum speed is 179 km/h. Adopt front wheel drive. The hydrogen fuel filling time of the new car is about 5 minutes, and the endurance under CLTC condition is 550 kilometers. (First Electric)

iShot_2023-10-16_22.22.37.png35. Lumin 301km fast charging model was officially launched.

On October 18th, Changan Lumin 301km Honey Qin (Fast Charge) was officially listed, with an official guide price of 61,900 yuan. Thanks to its leading 300V voltage battery platform, it can complete 30% to 80% power replenishment in 35 minutes. The combination of fast charging and +301km battery life can realize inter-provincial travel while walking and charging.

36. Canon introduced nano-imprint semiconductor manufacturing equipment.

On October 13th, Canon Corporation of Japan announced the launch of FPA-1200NZ2C nano-imprint semiconductor manufacturing equipment, which performs circuit pattern transfer, which is the most important semiconductor manufacturing process. Nano-imprint lithography is to coat photoresist (PR) on the wafer, and then press a stamp with a specific pattern to form a circuit. Because it does not use a lens, it can realize a fine process at a lower cost than the existing exposure process. (First Electric)

37, 300mm SOI wafer manufacturing technology to achieve a major breakthrough.

Recently, the team of Wei Xing, a researcher from Shanghai Institute of Microsystems, made a breakthrough in the manufacturing technology of 300mm SOI wafer, and produced the first 300mm RF)SOI wafer in China. Based on the 300mm SOI R&D platform of the National Key Laboratory of Integrated Circuit Materials, the team successively solved many core technical problems such as preparation of low-oxygen and high-resistance crystals, deposition of low-stress and high-resistivity polysilicon thin films, and non-contact planarization required for 300mm RF-SOI wafers, and achieved a major breakthrough in the domestic 300mm SOI manufacturing technology from scratch. The independent preparation of 300mm RF-SOI wafers will strongly promote the coordinated and rapid development of the whole industrial chain of domestic RF-SOI chip design, OEM and packaging, and provide a solid guarantee for the supply security of domestic SOI wafers. (China Academy of Sciences Shanghai Microsystems Institute WeChat WeChat official account)

Huawei crossed the river by building a car and feeling well-off

Huawei crossed the river by building a car and feeling well-off

The M7 sold well just after the pre-sale. The outside world is concerned about Huawei, which sells cars, rather than building a well-off society. Huawei stole all the limelight.

This is the third car that Huawei has cooperated with Cyrus, a subsidiary of Xiaokang, and the second car under the AITO brand. Strictly speaking, M7 is not Huawei’s own car, because its brand name, manufacturing and sales revenue are all owned by Xiaokang Sailis. But the outside world believes that this is Huawei’s car, which was released by Huawei, sold in Huawei’s stores, and personally sold by the top leaders of Huawei’s automobile business.

Actor Hu Jun and Olympic boxing champion Zou Shiming both booked M7. Anyone with a discerning eye can see that they are coming for Huawei, not a well-off society.

The outside world is worried that Xiaokang will become Huawei’s foundry, but Xiaokang does not admit that it has its own ideas. Xiaokang wants to use Huawei’s strength to realize the transformation of new energy automobile business, and the sparrow becomes a phoenix. Its new factory in Shapingba, Chongqing, which is used to produce M7, is called "Phoenix".

But the cooperation with Huawei is both beautiful and dangerous.

From the first car, the Celestial SF5, to the third car, the M7, Huawei’s involvement is getting deeper and deeper, and its voice is getting bigger and bigger.

A Cyrus channel manager told Shentu that the previous rule was that Huawei was in charge of sales and marketing, while Cyrus was in charge of delivery and service, but recently, Huawei slowly began to infiltrate delivery. "The head and deputy head of some stores are all Huawei people, and they are very ambitious."

No company has ever been involved in building cars like Huawei. Huawei has always denied building a car, but it is infinitely close to building a car, making its boundaries blurred. The so-called "asking the boundary" is somewhat "asking the boundary".

However, this does not prevent a well-off society from making money. Shortly after the release of M7, Xiaokang changed its company name to "Sailis" and announced that it had completed a fixed increase of 7.1 billion yuan, which is the largest auto financing project of A shares this year.

Above the water, the two sides cooperated to build a car, which was prosperous, but below the water, the undercurrent surged, and both sides played their own abacus.

Asking for directions by throwing stones: the first car and the third venture

Before cooperating with Xiaokang, Huawei had already entered the automobile industry, and was officially announced at the Shanghai Auto Show in 2019. At that time, it was positioned as a component supplier.

Its partners are not only well-off. BAIC, Changan and GAC, three traditional car companies with deep backgrounds, all cooperated with Huawei, and the time was earlier than Xiaokang.

But in the end, the deepest cooperation with Huawei, the earliest landing and the biggest movement were the well-off society with the weakest sense of existence.

Xiaokang is a traditional car company in Chongqing, and it doesn’t rank very well in the car-making rivers and lakes in China. The earliest company was called Yu ‘an Group, which made motorcycles and had nothing to do with cars. Later, it cooperated with Dongfeng Motor to build the brand "Dongfeng Xiaokang", cut into the automobile industry, and became famous by low-priced vans, and the company was renamed "Xiaokang".

The cooperation with Huawei can be regarded as the third venture of a well-off society.Xiaokang wants to take the road of cooperation with Dongfeng again-set up a new company, Sailis, and build a new energy automobile brand, AITO. The company was renamed "Sailis".

For a well-off society, Huawei’s role is just like the Dongfeng of that year, and it is a white knight on the road to transformation.

Previously, the brand image of Xiaokang has been relatively low-end. Since 2016, it has been a new energy vehicle, which has cost a lot of money and achieved little results. This time, it chose to give its soul to Huawei, trying to make another gamble in the direction of new energy vehicles.

Huawei has always declared that it won’t build cars and wants to be a supplier, but now Yu Chengdong, who is actually in charge of Huawei’s automobile business, has ambitions beyond suppliers.

Huawei is deeply involved as a supplier in the Extreme Fox Alpha S HI version, with many highlights and strong gimmicks, but it has repeatedly delayed delivery; Aouita, built in cooperation with Chang ‘an and Contemporary Amperex Technology Co., Limited, has a high starting point, but it is still unknown whether the market will buy it or not. Only a well-off society, let Huawei take the lead in "getting on the bus", and it is three in one breath.

From mobile phones to cars, Huawei is broadening its own borders on the one hand, and on the other hand, it is also looking at it while walking, throwing stones and asking for directions.

If Huawei is the person who asks for directions on the road to building a car, then a well-off society is a stone thrown by Huawei.

Sailis SF5 is the first car sold by Huawei. This car was released at the Shanghai Auto Show in April last year, produced by Xiaokang, equipped with Huawei’s smart cockpit solution HiCar, electric drive system and audio unit, and sold in Huawei’s mobile phone experience store.

Sailisi SF5

This first "investment" was not successful, and more than 8,000 vehicles were delivered in 2021. One of the reasons is that Huawei is not deeply involved in this car.

Sailis SF5 was actually released as early as 2019. This is the first model of Xiaokang Sailis, and its sales volume is very bleak. After Huawei reached a cooperation with Xiaokang in 2021, it sent a team to improve this car. However, due to the tight time, this car has no essential change in product strength.

After a bad start, Huawei threw out the second stone, this time it was the new brand AITO and the first model M5, or it cooperated with Xiaokang.

Compared with Lisi SF5, Huawei should be more involved in M5. Huawei led the design, R&D and marketing of the M5, and installed all the Huawei components that can be used, including the Huawei HarmonyOS system. Therefore, this car is called the first HarmonyOS car.

The new car was also released by Huawei. Yu Chengdong spent more than an hour at the end of the conference to promote the car.This is the first time in the automobile industry that a mobile phone manufacturer has released cars produced by other car companies.

This second "vote" was a success. Under Huawei’s vigorous shouting, the M5 delivered over 10,000 yuan in three months, which caused some splash in the Jianghu.

There is a saying in the industry that "three generations of Huawei produce high-quality products". By the time the third car comes to the M7, it already has the explosion potential.

M7 appeared at Huawei’s new product launch conference in July. Previously, Huawei has done a lot of preheating for it, which has aroused the market appetite. Yu Chengdong’s enthusiasm for promoting this car even surpassed that of mobile phones.

According to the official data, the M7 pre-sold 60,000 vehicles in three days. This achievement is quite eye-catching in the car circle, indicating that Huawei has figured out the way to sell cars.

However, the question also follows. Who does the car built under this cooperation mode belong to? How to locate your identity when you still have a weak sense of well-off?

Take what you want: Huawei wants fame, well-off society wants profit.

Huawei firmly controls the dominance of this cooperation. Many people have drawn the equal sign between the company and Huawei directly, so that the owner of M5 in the company has removed the "Sailis" logo from the rear of the car and replaced it with Huawei logo. Is Huawei building a car? It’s like a window paper, and it will break when you poke it.

Huawei needs cars.Even if "the automobile business is Huawei’s only loss-making business, which costs more than one billion dollars a year", it must be done.

After being sanctioned by the United States two years ago, Huawei was unable to get 5G chips from the outside and was forced to sell its glory. The mobile phone business that originally contributed a lot of revenue to Huawei experienced a cliff-like decline.Only cars can fill the gap in the lack of mobile phones.

However, it is not convenient for Huawei to build a car directly. Some analysts believe that Europe is an important market for Huawei’s traditional business. Huawei does not want to turn European car giants into enemies because of building cars, leaving a handle that is both a supplier and a competitor.

The top-level tone comes from Ren Zhengfei. He hopes that Huawei will become a global first-class supplier of smart cars and "help car companies build good cars". The "No suggestions to build cars" order issued by him is still valid for more than one year.

Source/vision china

Yu Chengdong, the "hawk", is more anxious than others. He made a crazy test on the border of Huawei’s car-making, which not only violated Ren Zhengfei, but also cleverly went deep into the product process of car-making. The final product was two new cars arranged by Huawei, which created this magical cooperation model with Xiaokang.

Generally, traditional Tier 1 suppliers are less likely to publicize, and consumers are more inclined to know about car companies than suppliers who provide parts.. Judging from the official information that Huawei wants to be a smart car, the positioning should be to be a Tier 1 supplier that provides parts for car companies. The boundary is relatively clear and will not enter the vehicle field. However, from the current cooperation with some automakers, there are also some cooperation with vague boundaries. Especially this year’s AITO brand. According to the experts of Third Bridge High-tech Consulting,The supplier role of Huawei Tier 1 seems to be beginning to blur.

Huawei took a step forward from Tier1 and became Tier0.5, which crossed the border a little bit and even took the lead. In this process,Xiaokang became that stone, which not only made Huawei ask for directions, but also let it cross the river by feeling the stones.

Let’s look at the other side of cooperation-Xiaokang.

Many people believe that Xiaokang is gradually becoming Huawei’s foundry and losing its dominant position. However, in the narrative of well-off, it is on an equal footing with Huawei and will not do OEM, even though it mainly undertakes the production function.

"I didn’t do a foundry before and now, let alone a foundry." Zhang Xinghai, who has stepped down as the chairman of the group and retired from the background, said categorically at an investor exchange meeting in January this year.

In Zhang Xinghai’s view, Xiaokang entered the automobile industry through cooperation with Dongfeng Group 18 years ago, and achieved the first successful cross-border without being a foundry. So if we cooperate with Huawei for the second cross-border, we will not be a foundry.

This is consistent with Huawei’s external caliber: "The car is still a well-off Cyrus, and Huawei’s role is to assist.. "

Whether it’s a main attack or an assist, it’s not a problem until the cake gets bigger, because there is no cake to be divided. It would be nice for both sides to do their best, take what they need and push forward the matter of building cars.

According to Xiaokang, the cooperation mode between Huawei and Xiaokang is:Huawei is deeply involved in product definition, quality control and channel sales, while Xiaokang is responsible for R&D, manufacturing, delivery, service and creating a life-cycle user experience.

In short, Huawei decides what cars to build and how to build them, and is responsible for selling them, while Xiaokang is responsible for production delivery and after-sales service.

Liu He, the channel manager of Cyrus, confirmed this statement to Shentu. "Huawei is responsible for sales and marketing, and Cyrus is responsible for delivery and service, so the experience center is Huawei and the user center is Cyrus." He said. At the beginning of this year, Celeste’s national stores have been changed into AITO brand user centers one after another, in order to prepare for fully promoting the sales and service of vehicles with the brand of Wenjie.

Regardless of the project dominance, the benefits that a well-off society will gain from it are obvious.

An industry insider who is close to a well-off society told Shentu,The brand of the car is well-off, and the sales revenue is well-off. For every car sold by Huawei’s stores, the corresponding commission is extracted.. Therefore, even if Huawei is deeply involved in product definition, it will still be a supplier model in the end.

For Huawei, the long-term strategic significance is greater than the short-term financial return. Huawei took this opportunity to penetrate the intelligent networked automobile market, go deep into the automobile manufacturing process, and complete the layout in terminal sales, which is more convenient than building cars directly by itself.

Moreover, as long as the series of models in the world continue to sell well, Huawei has set a benchmark case in the industry, which has laid the foundation for Huawei to cast a bigger net.

Don’t ask West East: Will the delicate relationship be broken?

After more than a year of cooperation, although there are rumors from time to time, Huawei has not made equity investment in Xiaokang. This casts a layer of uncertainty on the stability of this cooperation.

"There is no joint venture between Huawei and Xiaokang, and it can be withdrawn immediately if it is withdrawn." Liu He said to the deep road.

At present, both Xiaokang and Huawei are open to the outside world."It is not up to us to decide who Huawei cooperates with." Xiaokang once said.

Huawei is now involved in building a car in three modes:

First, as a component supplier., providing car networking modules and other spare parts products to car manufacturers, such as Huawei’s motor and battery management system, etc. This model has the lowest participation of Huawei;

The second is HI(Huawei Inside) mode.Car companies use Huawei’s complete set of smart car solutions, and the tail of the vehicle is marked with "HI". Typical cases are extremely fox and Aouita;

The third is the "Huawei Intelligent Selection" model., led by Huawei, provides full-stack solutions, and Huawei terminal BG defines products, carries out industrial design, grasps user experience and realizes product sales. This model has the deepest participation of Huawei.

Of these three modes, the first two toB (for enterprises) and the third toC (for consumers), and Yu Chengdong, who has been in charge of Huawei’s consumer business before, is famous for his "big mouth", prefers the third mode. Xiaokang is the only partner with a project under this model.

Huawei has every right and freedom to choose more partners, just as it can decide whose car to drive into its 5000 stores nationwide. It is reported that Chery, Jianghuai and Polar Fox, in addition to Cyrus, have reached cooperation intentions with Huawei to choose smart cars.

Previously, only Celestial SF5 and Wenjie M5 were sold in Huawei offline stores. With the delivery of the Extreme Fox Alfa S HI version, Aouita 11 opened the reservation, and more models were queuing to enter Huawei stores. Xiaokang will soon be no longer the only one.

Huawei’s background and power make many car companies both love and fear when they cooperate. Liu He said to Shentu, "Huawei has people in almost every department in Celeste, and the personnel department is no exception."

Contradictions and frictions in cooperation are inevitable. Liu He was puzzled by the complicated relationship between Cyrus and Huawei, and it was difficult for him to understand Huawei’s culture. "Xiaokang wants to learn Huawei’s wolf culture, but Huawei’s so-called wolf culture shows a strong desire for control and wants to catch everything. It’s really unbearable."

Xiaokang is well aware of his situation. How to maximize the benefits in this subtle cooperative relationship and draw a clear line of safety at the same time is a big test for a well-off society.

Xiaokang doesn’t want to be a foundry,It hopes to turn Huawei’s power into its own and gain more say for its future development.

An anonymous user said that Xiaokang invited Huawei to write the basic law of Xiaokang, learn super hard every day, make a value evaluation system, and offer online classes like universities, with various activities every month. These practices are to learn from Huawei’s organizational competitiveness.

This is also reflected in the organizational structure.

At the end of last year, Xu Lin, CTO of Xiaokang Co., Ltd., added a new title-President of Celeste (rotating), which was the first time that Celeste appeared as the rotating president. Huawei began to implement the rotating CEO system as early as 2011, and implemented the rotating chairman system in 2018.

Huawei crossed the river by building a car and feeling well-off

According to a recruitment information obtained by Shentu, Xiaokang was still recruiting a rotating president in March this year, and his work place was located in Chongqing. At that time, he was also recruiting the general manager of the Science and Technology Center, the general manager of the M5 product lines in Wenjie, and the director of Huawei’s background strategic planning department. The position of director of strategic planning department is directly related to Huawei, requiring familiarity with Huawei BLM and leading the strategy formulation of BU or BG.

Xiaokang has its own ideas, and it tries to use Huawei’s strength to complete organizational change and strategic transformation.

Some people regard the cooperation between Huawei and Xiaokang as a special choice in a special period. In the difficult period of each other, the two sides hit it off and created an unprecedented cooperation mode, leaving a big stone behind the already unsettled lake surface of the car circle.

This thrilling leap may enable Huawei to cross the river and go ashore well-off. But after crossing the river, the time to cut the cake has not yet arrived.

Huawei and Tucki made a big deal, and the car owners were finally willing to pay the bill.

Among the more than 50,000 orders of the new M7, about 33,000 units are intelligent driving versions, including five MAX and six MAX versions; According to the data of Tucki, the redesigned G9 will exceed 15,000 units in 15 days, of which the MAX version accounts for more than 80%. The MAX version refers to the version with dual lidar and dual OrinX computing chips, which supports urban NGP; Previously, the predetermined proportion of MAX version of G6 also exceeded 70%; According to Baojun’s information, after opening the store for a test drive, the Linxi version accounted for more than 80% of the orders in Shanghai in October, which is also commonly known as the "DJI version".Intelligent driving version crosses the gap: over 60% in the world M7 and 80% in Tucki G9.The five-seat version accounts for 81%, the MAX version accounts for 57.5% of the five-seat version, and the optional rate of ADS high-end smart driving bag in the five-seat MAX version is 70%; The six-seat version accounts for 19%, of which the MAX version accounts for 71%, and the optional installation rate of the six-seat MAX high-end smart driving package is 68%. Zhou Shuo, deputy general manager of SAIC-GM-Wuling Brand Division, predicted before Yunyun went public that Lingxi Zhijia Edition is expected to account for 30-40% of all orders of Yunyun; After the National Day, Zhou Shuo mentioned a new data in Weibo. From the Shanghai area, the scheduled proportion of Linxi edition in October exceeded 80%.Why does the smart driving version sell well?Follow-up trend of mainstream car companiesAouita,Huawei HI modeRepresentative, Aouita’s smart driving is actually standard; Changan plans to cover low-level to high-level full-stack intelligent driving schemes from this year to the beginning of next year, and realize the whole system of Changan in the follow-up.Class L2 assisted driving is standard;Dongfeng’s Lantu recently launched a new Lantu FREE, standard.Baidu ApolloThe software subscription fee for the intelligent driving system provided is 10,000 yuan; BYD started to drive intelligently from looking up to Tengshi brand. At the end of September, Tengshi N7 added a new version based on.Orin N platformThe high-speed smart driving bag is built to improve the penetration rate of the high-order smart driving function of the model.

More exciting content, pay attention to titanium media micro-signal (ID: taimeiti), or download titanium media App.

The M5 series is a high-performance SUV in the new energy field with no short board in all directions.

   Modern automobile consumers often feel entangled when choosing vehicles, and the fuel consumption of fuel vehicles is high, which is unbearable for wallets; But they are worried about the endurance and performance of new energy sources. Even if I make up my mind to choose a new energy vehicle, I feel confused when I choose which one. After all, as an important travel partner, the endurance, performance and dynamic performance of the vehicle are directly related to the experience of the whole trip. In fact, if you want to solve this problem, you only need to choose a model with excellent comprehensive strength, and the M5 series of Wenjie is a high-quality choice worthy of consideration.

  Endurance, travel without worry

  Whether it’s poetry and distance or daily commuting, the M5 series can meet your needs. Thanks to the intelligent extended-range technology, the comprehensive cruising range of the standard version of the M5 series rear-drive vehicle can reach 1455km when it is fully charged. Normally, a tank of fuel for a domestic fuel vehicle can support a journey of 500-600 km at most, but the data of the M5 standard version of the vehicle can be said to be super doubled. With a cruising range of 1455km, you can go to go on road trip as soon as you want. Whether you start from Beijing and drive all the way west to Xi ‘an to experience the Tang Dynasty, or start from Shanghai and go south to Guangzhou to experience Cantonese morning tea, the M5 series in Wenjie can accompany you across the mountains and seas, and you don’t need to replenish energy to have fun all the time.

  If you don’t like to travel far, you like to feel lucky in your own world. The M5 Smart Driving Edition can help you explore your city with the lowest cost. The pure battery life of the M5 Smart Driving Edition reaches 255km. Even in Beijing, it is more than enough to commute for one week by going back and forth for 30km every day. More importantly, the charging efficiency is high, and it can be charged from 20% to 80% in half an hour. Occasionally, it is absolutely appropriate to go camping for a short distance on weekends and live on pure electricity.

  Full power, popular electric switch

  Compared with traditional fuel vehicles, Wujie M5 series can not only reduce the travel cost for users, but also provide double endurance, and its performance is unambiguous. Take the M5 standard four-wheel drive model as an example. The acceleration time of this car is only 4.4 seconds, which is better than many luxury brand electric SUVs on the market. The biggest benefit of such excellent data performance is super explosive power, which allows drivers to experience the passion of driving a sports car.

  Super explosive power is also related to the dynamic performance of the vehicle itself. The maximum power and peak torque of the M5 standard four-wheel drive model can reach 365kW and 675N·m respectively. In daily life, when the pressure is great, drive this car to release it, feel the speed and passion, relieve the pressure, forget the troubles and regain the passion.

  The strong performance of the M5 series in the world benefits from the blessing of the three-in-one electric drive system of HUAWEI DriveONE. This system adopts the industry’s first precision oil cooling technology, which has a better cooling effect on key components under the same power and torque. The direct benefit is that it can fundamentally improve the power and quietness of the car. If you drive fast at high speed, or speed up overtaking, the power is on call.

  In addition, Wujie M5 version also has HUAWEI DATS dynamic adaptive torque system, which can reduce the pre-driving impulse by 31%, the sloshing convergence time by 46% and the system response time delay to 4 ms.. When driving on potholes or bumpy roads with speed bumps, not only can the car body shake slightly, but it can also stabilize quickly. If the self-driving trip encounters bumpy roads such as mountain roads and gravel roads, it can also pass comfortably, alleviating the discomfort caused by bumps in the car. If you are driving on a road with many curves, this system can help the vehicle to improve the lateral force through adaptive torque adjustment, and the risk of tail flick will be greatly reduced when driving, which is stable and safe.

  The M5 series has brought excellent performance to users in all directions. It can make you say goodbye to all kinds of troubles and enjoy a worry-free driving journey in terms of endurance, power and driving control. If you are eager to travel without worry and enjoy driving, you may wish to try the M5 series. I believe it will bring you a different surprise experience. In addition to the surprise experience brought by the product itself to users, the recent delivery speed is also very surprising. You can pick up the car within two weeks after making a decision. You may wish to experience it in the offline test drive!

Growth enterprise market index fell by 1.37%, northbound funds sold by 4.4 billion yuan, and the precious metals sector rose against the trend.

K diagram 000001_0

K figure 399001_0

K figure 399006_0

  The three major indexes of A shares fell collectively,It fell by nearly 1.4%, and the net sales of northbound funds exceeded 4 billion. On the disk, the mining industry rose sharply, and Tongyuan Petroleum, Baken Energy, Bomaike, Zhongman Petroleum and Renzhi shares rose daily. The precious metals sector strengthened, Sichuan gold rose daily, and Zhongrun resources rose by more than 8%. Diet pills, oil, gas, jewelry, aerospace and other sectors are in the forefront of the increase list. Energy metals, semiconductors, Chiplet concepts, memory chips, PVDF concepts, batteries, fluorine chemicals and passive components performed poorly, leading the market down.

K graph BK1017_0

K graph BK0732_0

  As of the close of noon,Down 0.40% to 3075.80 points; The Shenzhen Component Index fell 0.99% to 9968.99 points; Growth enterprise market index fell 1.37% to 1969.24 points; The Science and Technology 50 Index fell 1.49% to 878.47 points. The total turnover of the two cities in half a day was 525.2 billion, and the net sales of northbound funds was 4.415 billion.

  The closing rate of 45 shares is 67.16%.

  In terms of daily limit stocks, as of noon closing, a total of 45 stocks had daily limit, and another 22 stocks once touched the daily limit, with a closing rate of 67.16%.

  In terms of individual stocks, the auto sector has multiple daily limit, Shenglong shares have 15 days and 8 boards, and Jintuo shares and Beiqi Blue Valley have daily limit; Oil and gas stocks rose collectively, with daily limit of Tongyuan Oil, Beken Energy, Bomaike and Zhongman Oil. Gold stocks fluctuated and strengthened, and Sichuan gold rose daily; The concept stocks of diet pills continue to be active, and Baihua Medicine and Shuanglu Pharmaceutical have daily limit; The concept stocks of computing power fluctuated and rebounded, and Sichuan Changhong, Tongfang, and Tefa Information had daily limit; Military stocks changed in intraday trading, Morning Air rose more than 10%, and Zhongtian Rocket had a daily limit. In terms of decline, chip stocks collectively adjusted to make a good limit.

  Northbound capital: net outflow of 4.415 billion yuan.

  As of midday, there was a net outflow of northbound funds, of whichThe net outflow was 1.994 billion yuan, and the net outflow of Shenzhen Stock Connect was 2.421 billion yuan, totaling 4.415 billion yuan.

  industryDirection: 370 million inflows of precious metals

  In terms of industry funds, as of noon closing, precious metals, mining industries, etc.Ranked high, with a net inflow of precious metals of 370 million yuan.

  In terms of net outflow, the net outflow of optical optoelectronics and semiconductors ranks high, of which the net outflow of optical optoelectronics is 3 billion yuan.

  Transaction amount of individual stocks TOP10

  In terms of the turnover of individual stocks, as of the close of noon, Cyrus ranked first in the two cities, with a turnover of 7.433 billion yuan; Shenzhen O-film Tech Co.,lt ranked second with a turnover of 6.678 billion yuan.

  Today’s news

  The adjustment and optimization of securities lending related systems is conducive to activating the market and boosting confidence.

  On October 14th, the CSRC adjusted and optimized the system of securities lending and strategic investors’ lending of allotment shares, and tightened the securities lending and strategic investors’ lending of allotment shares in stages on the premise of keeping the system relatively stable. On the same day, the Shanghai and Shenzhen Stock Exchanges issued "On Optimizing Securities Margin Trading andThe notice on relevant arrangements for securities lending transactions further refines the relevant rules, and the increase in the margin ratio for securities lending will be implemented as of October 30, and other provisions will be implemented as of October 16. Tian Lihui, dean of the Institute of Financial Development of Nankai University, told the Securities Daily that the optimization of the securities lending system has increased the cost of securities lending, constrained the insider’s securities lending behavior, and demonstrated that the regulatory authorities are advancing with the times on the premise of respecting the market. Strengthen the responsibility and actions of "countercyclical adjustment".

  The central bank continued to exceed 789 billion yuan, and the MLF interest rate remained stable.

  The central bank launched a 7-day reversal of 106 billion yuanOperation and 789 billion yuan one-year MLF operation, won the bid.Both are flat, 1.8% and 2.5% respectively. Today, there are 240 billion yuan of reverse repurchase and 50 billion yuan of treasury cash deposits due.

  40 billion! The securities industry today targeted "RRR cuts"!

  China Securities Depository and Clearing Co., Ltd. will formally implement the arrangement of reducing the minimum settlement reserve for stock business on October 16, 2023. After the implementation, the proportion of reserve payment will be reduced from the original 16% to the expected target of 13% on average, which is nearly 40 billion yuan compared with the funds released in September.

  Good news! ICBC, Agricultural Bank of China, Bank of China, China Construction Bank, Postal Savings Bank and Bank of Communications announced fee reduction and profit reduction.

  In order to further guide the banking industry to support the development of the real economy and enhance people’s financial consumption experience, on October 12th, under the guidance of the regulatory authorities, China Banking Association issued the Proposal on Adjusting the Price of Some Banking Services to Improve the Quality and Efficiency of Services. Specifically, the fee reduction and profit-making projects involve bill handling fee, cost, personal deposit account statement printing fee, cost of security authentication tool, credit card transaction reminder, overpayment transfer fee, annual fee replenishment mechanism, repayment time and tolerance service mechanism, etc. As of October 13th, Industrial and Commercial Bank of China, Bank of China, China Construction Bank, Agricultural Bank of China, Bank of Communications, etc. have announced that they will actively respond to the initiative of China Banking Association, increase the efforts to reduce fees and make profits, and continuously optimize customers’ financial experience, but the specific implementation details and implementation time need to be announced later.

  Pan Gongsheng, the governor of the central bank, recently voiced that monetary policy should continue to exert efforts and take advantage of the situation

  Pan Gongsheng said that in the next step, China will pay more attention to the balance between economic growth and sustainability and actively promote high-quality and sustainable development on the basis of maintaining a reasonable growth rate. In terms of monetary policy, Pan Gongsheng said that China’s prudent monetary policy is precise and powerful, and it has intensified countercyclical adjustment, effectively responding to domestic and international risk challenges and consolidating the economic recovery. In the next step, we should continue to exert ourselves and take advantage of the situation, give full play to the dual functions of monetary policy tools, focus on expanding domestic demand, boost confidence, accelerate the virtuous circle of the economy, and provide stronger support for the real economy.

  After the holiday, non-stop research on pharmaceutical stocks and diet pills has attracted special attention.

  The attention of institutions to the pharmaceutical sector is increasing. In terms of funds, more than one pharmaceutical stock has boarded in the past week.Many institutions continue to increase their positions. ConggeFrom the point of view, some strategy chiefs once again listed the pharmaceutical sector as one of the key sectors in the fourth quarter. In addition, in just one week after the National Day holiday, many pharmaceutical companies have accepted dozens of well-known companies..

  Public offering to play new music is tireless in order to enhance income.

  Since this year, participationPublic offeringThe number of products reached 4,848, and the total amount allocated reached 46.056 billion yuan, of which 74% of equity funds in the whole market participated.. The market continues to fluctuate, and innovation is considered to be one of the important ways for Public Offering of Fund to obtain low-risk absolute returns. The data shows that dozens of small-scale funds this yearFor itContributed at least 2 percentage points of income.

  The latest shareholding exposure of social security fund! Appeared in a number of A-share companies favor these stocks.

  With the disclosure of the third quarterly report of listed companies in 2023,The fund’s position trend also shows the tip of the iceberg. The latest three quarterly reports that have been disclosed at present show that social security funds have appeared in the top ten of a-share listed companies in the third quarter of this year.Among them, companies with relatively stable operation and performance are generally favored.

  Institutional point of view

  Guosheng Securities: It is expected that the demand for home furnishing in the peak season of "Golden September and Silver 10" will continue.

  Guosheng Securities Research Report pointed out that household consumption recovered during the 11th period, and the growth of Q4 leader is expected to accelerate. All home stores have started the "home rejuvenation consumption season" nationwide, and all regions have actively cooperated with the government to issue and undertake electronic coupons. We expect that the demand in the "Golden September and Silver 10" peak season will continue, and there is still room for improvement in the demand of first-and second-tier cities under the catalysis of policies, and the growth of home leading performance is expected to accelerate under the low Q4 base.

  Guotai Junan: The siphon effect in the beauty industry is further enhanced.

  Guotai Junan Research Report pointed out that the siphon effect of the beauty industry was significant in 2023, and it is expected that the growth rate of the Double Eleven will improve. Under the background of slow recovery of the consumption market, consumers tend to concentrate on buying when the big promotion discount is strong, so the siphon effect of the beauty market in 23 years has been further enhanced. Specifically, the growth rate of brands in Q1 and Q3 has dropped significantly in the off-season, but the head beauty companies in Q2 have made marginal improvements under the catalysis of 618. We expect that the beauty industry is expected to see an improvement in growth rate under the catalysis of the annual big promotion and double eleven.

  Dongguan Securities: The pharmaceutical sector is at a relatively low valuation in the past decade, and the sentiment of the sector continues to pick up.

  Dongguan Securities Research Report pointed out that the over-allocation rating of the pharmaceutical and biological industries should be maintained. The diet medicine industry chain has driven the plate sentiment to continue to pick up. In the sub-edition, GSK is the exclusive agent of Zhifei Bio.The heavy products of herpes zoster are good for stimulation, and the vaccine sector is among the top gainers this week. At present, the pharmaceutical sector is at a relatively low valuation in the past decade, and the sentiment of the sector continues to pick up. We can be moderately optimistic about the current position of the sector, and follow-up suggestions are to pay attention to structural opportunities such as diet pills industry chain, innovative drugs and medical services. The concerned sectors include medical equipment: Mindray Medical, UIH Medical and Australian-Chinese Endoscopy. Pharmaceutical business: Yifeng pharmacy, Dashenlin, Yinxintang. Medical beauty: Aimeike, Huadong Medicine, etc. Chinese medicine: China Resources Sanjiu, Tongrentang, Yiling Pharmaceutical; Innovative drugs: Hengrui Pharma, Huadong Medicine, etc.

  Zheshang Securities: It is expected that monetary policy will continue to be loose.

  Zheshang Securities Research Report pointed out that the total amount of credit was stable in September, but the resilience of the structure was relatively weak. We believe that China’s economy is still in a weak repair period, and credit data is still driven by "supply". Relevant policies are still needed to continue to pull "demand". As of September, we estimated that the excess savings balance of residents was 7.27 trillion yuan, an increase of about 93.7 billion yuan over the previous month, and continued to accumulate. In September, both the growth rates of M2 and M1 dropped, and the growth rate of M1 dropped to 2.1%, which means that the economic vitality still has room for repair. Generally speaking, we expect monetary policy to continue its loose tone, but the broad currency may converge and the focus will shift to broad credit. For large-scale assets, it is expected that China’s fundamental policies may be gradually strengthened, stocks attach importance to cyclical investment opportunities, and bonds remain volatile.

  Ping An Securities: Structural warming characteristics are heating up.

  Ping An Securities Research Report pointed out that A shares continued to consolidate last week, and the performance of electronics and automobile industries was relatively dominant, with obvious structural recovery characteristics. On the whole, although the short-term overseas risk disturbance still exists, the direction of marginal improvement of domestic economy and sustained efforts of policies has not changed, and the cost-effectiveness ratio of A-shares that have been adjusted to the relatively bottom area will gradually emerge in global risk assets. Structurally, it is suggested to continue to pay attention to the pro-cyclical dividend strategy, the pharmaceutical sector with a warmer market sentiment, the automobile sector with a rebound and transformation, and the TMT sector under the wave of technological trends.

  CITIC Securities: Continue to pay attention to Huawei’s industrial chain and the "Kunpeng+Shengteng" ecology.

  Citic Securities Research Report pointed out that overall, the global semiconductor boom has gradually bottomed out in Q2 this year. In September, the launch of Huawei+Apple’s new machine is expected to drive a new wave of rotating machines, and Q3 will start to consume electronics or enter the traditional peak season. The bottom of the memory chip cycle is clear, and DRAM/NAND welcomes the price increase; The performance of digital chips is divided, the downstream demand such as mobile phones and PCs is gradually recovering, and the demand related to AI is in an explosive growth stage; Analog chips are still waiting for the recovery of downstream demand, and the industry is under short-term pressure. Breakthroughs in core "stuck neck" links such as chips also boosted market confidence. In the short and medium term, it is suggested to continue to pay attention to Huawei’s industrial chain and the "Kunpeng+Shengteng" ecology. In the long run, the upstream high-end equipment, parts and materials will be the most direct beneficiaries of domestic alternative logic. Follow-up should continue to pay attention to Huawei’s shipments, chip yield, orders and further restrictions in the United States.

  GF Securities: Social integration was acceptable in September, and it is expected to continue to be repaired this year.

  GF Securities Research Report said that the current market pricing impact clues are more complicated and diversified; Objectively speaking, the social integration data in September is still relatively positive. Looking back, the total amount of social integration still has the kinetic energy to be further repaired during the year. First, the central bank’s meeting on August 18th explicitly demanded that "major financial institutions should take the initiative and increase the lending, and state-owned banks should continue to play a pillar role", which is obviously different from the "moderate total amount and steady pace" at the beginning of the year. Second, corporate bonds have a low negative feedback base in the bond market in the fourth quarter of last year; The third is the stock mortgage.After the adjustment, the early repayment behavior of residential departments may be reduced; Fourth, a new round of debt securitization may bring about some social integration increments. The social financing structure may also be optimized, and long-term loans in the enterprise sector may be affected by debt conversion, but the actual financing demand should not be too bad in the environment of profit recovery and centralized issuance of special bonds.

  China CITIC Construction Investment Co., Ltd.: Huawei’s cross-border orders continue to exceed expectations, and related industrial chains are expected to benefit.

  Citic Jiantou pointed out that the latest data of the Association showed that the wholesale sales volume of passenger cars in September was 2,451,700, +6.8% year-on-year and+9.6% quarter-on-quarter; Retail sales were 2,018,500 vehicles, up +5.0% year-on-year and+5.0% quarter-on-quarter; The wholesale of new energy passenger cars was 829,000, +23.0% year-on-year and +4.2% quarter-on-quarter, corresponding to the electrification penetration rate of 33.81%; On September 25-30, it retailed 128,600 vehicles, which was-5% year-on-year; Wholesale 153,500 vehicles, -6% year-on-year, and the wholesale end weakened slightly year-on-year. Recently, the new M7, Tucki G9, Zhiji LS6 and other models have been put on the market, and the price bands have dropped significantly. Among them, the new M7 car in the world of inquiry has a high degree of attention. On October 6th, the world of inquiry revealed that it had definitely exceeded 50,000 units, because its own products were strong and coincided with the high attention of Huawei’s mobile phone brand, and the M7 car in the world of inquiry spread in circles. The order of the intelligent driving version exceeded 60%, and the user’s cognition and acceptance of high-level intelligent driving was significantly improved. The automobile supply chain in Wenjie is improving its production capacity, and the parts with high value and high share are expected to benefit.

  CICC: Focus on three main investment lines in combination with the results of the third quarterly report.

  The research report of CICC believes that three main investment lines should be paid attention to in combination with the performance of the third quarterly report. As the profitability of listed companies is expected to improve marginally, compared with the first half of the year, it is suggested to increase the allocation weight in the fields of performance cashing and fundamental improvement. At present, high-growth areas are still relatively scarce, so it may be an important investment idea to grasp the fundamental inflection point and repair elasticity. In the stage of performance forecast and report disclosure of the third quarterly report, we should focus on: 1) the booming areas where the performance of the third quarterly report may exceed expectations or improve month on month. 2) The sub-sectors of scientific and technological growth that conform to new technologies and trends and have industrial catalysis, such as communications, semiconductors, consumer electronics, etc., which are expected to benefit from industrial autonomy and their own industrial prosperity improvement, and the pharmaceutical organisms that have been adjusted more in the early stage and have marginal mitigation expectations in industrial policies are also worthy of attention. 3) The improvement of demand, the improvement of supply pattern such as inventory and production capacity, and the areas with strong performance flexibility are worthy of attention, such as liquor, auto parts and upstream resource industries.

  Donghai securities: All-vanadium flow battery meets the development opportunity

  Donghai securities Research Report pointed out that the safety of energy storage power stations requires the development trend of superimposed long-term energy storage, and all-vanadium redox flow batteries meet the development opportunity. The high installed capacity of wind and solar energy has improved the demand of new power system for consumption, peak regulation and frequency modulation, superimposed with the implementation of relevant domestic storage policies, and the long-term trend of energy storage has become increasingly clear, and the long-term energy storage route such as all-vanadium redox flow battery has a good opportunity for development. At present, the life cycle cost of vanadium battery is better than that of lithium battery and sodium battery. Marginal cost decreases with the length of energy storage, and the cost advantage is prominent in the long-term energy storage market. In addition, the construction period of vanadium battery is short, the floor space is small, the site selection is not limited by natural resources, and it can flexibly adapt to all sides of the source grid load and has stronger adaptability to wind and solar installations. At present, the industrial chain of vanadium batteries has basically formed, and the market demand needs to be released urgently.

  Hua Fu Securities: The quarter-on-quarter improvement of some tracks in the chemical industry is worth looking forward to

  Hua Fu Securities Research Report pointed out that the third quarterly report was disclosed in October, and the quarter-on-quarter improvement of some tracks in the chemical industry is worth looking forward to. Looking to the future, it is necessary to actively grasp the profit release and high profit under the background of high prosperity of traditional energy (coal-crude oil)The high dividend effect brought by low valuation, while actively tracking the changes in the sub-track. It is suggested to pay attention to: 1) energy security: China’s special estimate, abundant cash flow & stable dividends; 2) Middle and lower reaches: refining and chemical industry, tires, chemical fiber, fluorine chemical industry, coal chemical industry, agrochemical products (leading compound fertilizer), membrane materials, real estate infrastructure materials (alkali, titanium dioxide, silicone rubber, paint, etc.), modified plastics, dyes, civil explosives and surfactants; (3) New materials: high-end polyolefins and catalysts, aerogels, high-end carbon black, OLED luminescent layer materials, semiconductor and lithium battery materials, aviation and special ship materials, sweeteners and bio-based materials.

  Orient securities: The medical demand is rigid, and the long-term trend of the industry is improving.

  Orient securities Research Report pointed out that in the long run, medical insurance fee control and normalized centralized purchasing will continue, and enterprises need to choose new varieties and fully grasp the clinical needs. Therefore, we are optimistic about enterprises with real innovation ability, and suggest focusing on the demand opportunities at the product end. In terms of medical devices, the conventional diagnosis and treatment continues to resume the marginal relaxation of the superposition policy, and the plate is expected to usher in Davis’ double click. It is recommended to pay attention to Mindray Medical, Sanyou Medical and Bairen Medical. In terms of innovative drugs, research and development continue to be promoted under strict review, and attention should be paid to cutting-edge clinical progress. It is suggested to pay attention to Hengrui Pharma, Jingxin Pharmaceutical and Kangchen Pharmaceutical. In terms of CXO, the industry prosperity is expected to improve marginally, which has the bottom investment value. It is suggested to pay attention to Sunshine Nuohe, Wuxi PharmaTech and Kanglong Chenghua.

  Open source securities: coal prices fluctuated at a high level, and stable performance and high dividends made the valuation cost-effective prominent.

  The open source securities research report pointed out that we maintain the logical recommendation of high winning rate and high margin of safety for the coal sector, and both offensive and defensive: from the perspective of high winning rate, high dividends have gradually been favored by capital market funds, and high dividends for coal enterprises have become a major trend; At present, the steady growth policy is introduced and exceeds expectations, and coal stocks will also become offensive varieties. As an upstream resource link, it will inevitably be boosted by downstream demand, reflecting the price increase. In terms of safety, we believe that the valuation of coal stocks has been at the bottom of history, PE valuation is 5-6 times of the performance in 2023, and the PB-ROE method is used to analyze that coal stocks have a high ROE, but Pb is greatly discounted, and the value of coal enterprises is underestimated. Beneficial targets with high flexibility, high dividends and growth: mountain coal international, Yankuang Energy and Shanxi Coking Coal; Beneficial targets of steady and high dividends: China Shenhua and Shaanxi Coal Industry.

  Guohai Securities: Adhere to AIGC Main Line+Cinema Line+Low Valuation Main Line.

  Guohai Securities Research Report pointed out that there was a temporary adjustment in September due to the poor box office performance caused by the empty window of supply and the expected landing of the interim report. The economic recovery is superimposed on the emotional recovery of watching movies, optimistic about the performance elasticity of the film and television sector; The normal distribution of the game sector and the new product cycle are expected to release profits. At the present stage, we are still optimistic about the application of AIGC in the media industry. Media companies have the advantages of users, scenarios and data. In the future, cooperation with large model manufacturers is expected to improve content production efficiency, enhance experience, accelerate industry innovation, and continue to pay attention to the application development of games, IP, marketing, e-commerce, education, film and television. At present, we adhere to the strategy of AIGC mainline+cinema line+low valuation leading stock selection. We believe that AIGC is expected to bring a new round of content productivity revolution.

  Shanxi securities: optimistic about the performance of gold and jewelry enterprises in the third quarterly report

  Shanxi Securities Research Report pointed out that from the report point of view, we continue to be optimistic about the performance of gold and jewelry enterprises in the third quarterly report, driven by the Qixi Festival in August and the franchisees actively stocking in September. From the perspective of follow-up demand, after a short-term rapid decline, gold prices have started to rebound, and both international gold prices and domestic gold prices have rebounded. Continue to be optimistic about the relative prosperity of the gold and jewelry industry in optional consumption. In the medium and long term, we are still optimistic that the progress of gold technology will continue to stimulate young consumers to satisfy their needs. It is suggested to pay active attention to Zhou Dasheng, Lao Fengxiang and Chao Hongji.

  Central china securities: Pay attention to the film and television, games and advertising sectors with rising prosperity.

  Central china securities Research Report pointed out that the overall performance of the media sector rebounded in the first half of the year, and the fundamentals showed an improvement trend. Although some sub-sectors once experienced short-term performance pressure, there is a greater possibility of improvement in the future. Q2′ s film, television, advertising and book sales have been well restored. At the same time, since the end of Q2, the market scale of film, television, advertising and games has improved, and the demand for cultural consumption and advertising has rebounded, which is expected to support the performance of Q3′ s media sector and continue into Q4. In the medium and long term, we will continue to pay attention to the new changes brought by AIGC technology to the industry, including the changes of content production mode, the innovation of commercial realization mode, the revaluation of industrial chain value and the changes of competition pattern. It is suggested to pay attention to the film and television, games, advertising and publishing sectors with strong defensive attributes, and pay attention to the performance of key companies in the third quarter recently disclosed.

  China Post Securities: The short-term A-share environment is intertwined and will continue to fluctuate and grind the bottom.

  China Post Securities pointed out that short-term A-shares will continue to fluctuate and grind to the bottom in the face of mixed environment. The industry configuration recommends the scientific and technological direction represented by electronics, automobiles and medical biology, and can pay attention to bank insurance in the short term. The fundamentals of the domestic economy are improving, but the trend of strong recovery has not yet been determined. We will continue to recommend the science and technology sectors with improved winning rate due to risk preference, mainly including automobiles and electronics related to Huawei’s smart driving concept, as well as medical organisms driven by the development trend of diet pills industry and key products going out to sea. Bank insurance will have a certain comparative advantage in short-term because of the public increase in Huijin’s secondary market and overseas risks. In the medium and long term, it is suggested to pay attention to three main lines. The first category is the target related to the decline in the potential growth rate of macro-economy and the decline in macro-economic capital expenditure, which mainly corresponds to high dividend assets. The second category is the science and technology sector with independent research and development as the main line, such as Huawei’s industrial chain and semiconductor equipment. The third category is the global distribution enterprises deeply involved in the global industrial division of labor, such as consumer electronics, automobiles, medicine and machinery.

Lei Jun responded to why Xiaomi built a car quickly.

Elephant journalist Chen Zhengyi

On April 6th, Tamia Liu Weibo, CEO of Zhiji Automobile, issued a document praising Xiaomi Automobile for its high efficiency and high speed, but wondered how it was achieved.

Previously, Xiaomi CEO Lei Jun had already answered in the video, "It takes only three years for Xiaomi to build a car. Why is it so fast?" The problem.

Lei Jun said that Xiaomi has 14 years of experience and accumulation, and has formed a very reliable R&D team. Now there are about three or four thousand engineers.

Ren Zhengfei gave Yu Chengdong a blow.

This article comes from WeChat WeChat official account:Alphabet list (id: wujicaijing), Author: Zhao Jinjie, brother Yu, title map from: vision china.

The three-year contract of not building a car is about to expire. Just as the outside world is speculating about when Huawei brand cars will be unveiled, Ren Zhengfei stood up and made a final decision: "In the next five years, Huawei will not build a car."

Xu Zhijun, the rotating chairman, confirmed this at the press conference of Huawei’s 2022 annual report on March 31, saying that the five-year period is because the longest validity period of all Huawei documents is only five years."After the five-year deadline has arrived, we will send another five years."

"Huawei’s strategy has not changed. We don’t build cars, help car companies build good cars, and become an incremental component supplier of intelligent networked electric vehicles." Regarding the replacement of Huawei’s brand, Xu Zhijun said, "Some of our departments or some individuals or some partners are abusing Huawei’s brand, and Huawei has been investigating."

In order to prevent Huawei’s brand influence, which has been built for more than 30 years, from being abused, Ren Zhengfei clearly stipulated in the document that Huawei logo can’t be used in combination with automobile trademarks, and "Huawei asks the world" and "HUAWEI AITO" are prohibited. "Huawei is starting to clean up and rectify flagship stores, sales stores and promotional materials that do not meet the requirements." Xu Zhijun said.

This is undoubtedly a blow to Yu Chengdong who wants to lead the radical development of automobile business through Huawei Eco-car. At the launch conference of Huawei P60 series a week ago, Yu Chengdong was still promoting the upcoming M5 advanced intelligent driving version with the help of the brand influence of "Huawei Jiejie".

On March 8 this year, under the leadership of Yu Chengdong, "AITO asking the world" was officially changed to "HUAWEI asking the world", which was regarded by the outside world as an important signal for Huawei to strengthen its leading position in the automobile business.

In the planning of Yu Chengdong, Huawei is the brand of "Huawei Eco-car". By uniting a number of car companies to build eco-alliances belonging to different price segments, Yu Chengdong hopes that Huawei’s auto business will be profitable in 2025.

It is worth noting that in February this year, in the poster released by AITO official blog, the logo was once changed from AITO to HUAWEI, and the external publicity speech was also changed from "Huawei’s deep empowerment" to "Huawei’s overall leadership".

This is not the first time that Ren Zhengfei has "stepped on the brakes" for Huawei’s auto business.

In 2018, after Huawei held its annual strategy meeting in Sanya, Hainan, and decided to "not build cars, but help car companies build good cars", the voice of wanting to build cars was still filled inside. At that time, Xu Zhijun, the rotating chairman of Huawei, was considered as the key to promote Huawei’s smart car BU from scratch. According to the news from the media science and technology forces, Xu Zhijun has been pushing Huawei to enter the automotive field, and even made no secret of his conflict with other executives and even Ren Zhengfei.

One month after Huawei BU was handed over to Yu Chengdong in October 2019, Ren Zhengfei issued the document "Resolution on the Management of Smart Car Parts Business", which made it clear that "whoever proposes to build a car in the future and interferes with the company can be transferred from his post and find another post", and gave a three-year ban period.

In July, 2021, Xu Zhijun revealed that only Yu Chengdong in Huawei was still unconvinced and still wanted to build a car. "But he only had one vote. For Huawei’s senior team, it is clear what to do and what not to do in the survival stage. "

Apart from stopping Yu Chengdong’s radical move, Huawei’s financial difficulties may also be one of the reasons why Ren Zhengfei is unwilling to build more cars.

The financial report shows that Huawei’s revenue in 2022 was 642.3 billion yuan, a year-on-year increase of only 0.9%, and its net profit fell to 35.6 billion yuan, a year-on-year plunge of 68.7%.

Figure/Huawei Financial Report

"In 2023 and for a long time to come, sustainable survival and development will be the core proposition of Huawei’s strategy." Xu Zhijun said.

one

Huawei’s overall revenue is reaching a bottleneck. Since 2017, the growth of the carrier business that started from it has stagnated, with the year-on-year growth rate hovering between -4.03% and 3.8%. In 2022, Huawei achieved sales revenue of 284 billion yuan in the field of operator business, with a year-on-year increase of only 0.9%, which was basically the same.

The terminal business achieved a sales revenue of 214.5 billion yuan in 2022, down 11.9% year-on-year.

The only Huawei enterprise business that can be called substantial growth achieved sales revenue of 133.2 billion yuan, up 30.1% year-on-year, but it only accounted for 20.7% of the total revenue, and it has not yet become a new pillar to support Huawei’s stable development.

Faced with the slowdown of Huawei’s revenue growth, Ren Zhengfei gave an early warning as early as last August, and issued a document entitled "The management policy of the whole company should shift from the pursuit of scale to the pursuit of profit and cash flow", saying that based on the prediction that the global economy will continue to decline in the next decade, it is required to reduce or close those businesses that cannot generate value and profit, and link the promotion and upgrading of bonuses with the operating results, shouting the slogan "Let the chill pass to everyone".

As the only business that Huawei is still losing money, BU, led by Yu Chengdong, bears the brunt.According to the spirit of Ren Zhengfei’s instructions in the document, Huawei’s automobile business will no longer pursue a complete front, reduce the research budget, but also strengthen the closed-loop business and focus on several key components to make competitiveness.

For Ren Zhengfei’s series of adjustment measures, Wu Jianguo, former vice president of Huawei’s human resources, told the alphabet list that the weakening of the global consumer side will inevitably lead to the extension of Huawei’s cycle of coming back to life, which also means that Huawei needs to make greater adjustments than responding to the US crackdown. "(before 2022)It’s not so clear, but now it’s finally guaranteed.(The trend of economic recession)Ren Zhengfei dared to clearly stand up and adjust the strategy. "

Although Car BU is still regarded by Ren Zhengfei as a core project that can maintain strategic investment, under the guidance of the highest policy of bidding farewell to scale growth and turning to profit creation, Huawei’s automobile business obviously can no longer simply change scale with losses, and Yu Chengdong needs to find a balance between growth and making money.

What’s more, from the reality of the development of new car-making forces, except Tesla, the second new car-making company that can achieve annual profit has not yet been born in the world. Even Tesla has experienced high-intensity capital investment for more than ten years. Short-term high losses caused by going off to build a car in person, bothContrary to the pursuit of profit advocated by Ren Zhengfei, it is not allowed by Huawei’s current revenue reality..

two

If we continue to concentrate on building cars, more and more car companies may be wary of Huawei and choose to escape from Huawei.

GAC has become another car company that announced its "breakup" with Huawei.. On the evening of March 27th, Guangzhou Automobile Group announced that the company’s holding subsidiary Guangzhou Automobile Ai ‘an AH8 project was changed from joint development with Huawei to independent development.

This also means that since the two sides reached a joint car-building agreement in 2021, Huawei’s role has changed from the Huawei Inside model of deep cooperation to the most basic component supplier model.

Guangzhou Automobile Ai ‘an’s dissatisfaction with Huawei has long been traceable. At the 19th China Automobile Marketing Summit in August last year, Xiao Yong, deputy general manager of GAC Ai ‘an, once spoke out: "It may not only be batteries, but Huawei is also a big-name supplier, and its price is relatively high and uncontrolled. If we want to cooperate with Huawei, we will find that there is basically no bargaining power."

Xiao Yong said that while maintaining cooperation with Huawei, Guangzhou Automobile is carrying out self-research on battery technology and building a battery factory, and is striving to build a self-research system in terms of core technologies, domain controllers and intelligent cockpits. "Walking on two legs … In the future, 30% of Aeon will conduct self-research and 70% will choose market procurement and cooperation".

There is also SAIC that is far away from Huawei because of fear of losing its dominance.Chen Hong, the chairman of SAIC, who doesn’t want Huawei to be its "soul", made it clear at the 2021 shareholders’ meeting that SAIC can’t accept the overall solution of any supplier, and at most, it will maintain a cooperative relationship.

Even in the eyes of the outside world, Cyrus, which maintains the closest relationship with Huawei, has also started to stand on its own feet.

According to the interface report, Huawei has the initiative in three aspects: all closed-loop data, calibration of important vehicle parameters and main sales channels. The car data related to the world will be uploaded to Huawei first, and Celeste will have to ask Huawei for the demand first if necessary.

In order to enhance the control of data, Cyrus began to set up its own relevant team to collect and analyze data.

On March 30th, Chongqing Sailisi Landian Automobile Co., Ltd., a subsidiary of Sailisi Group, officially released a brand-new new energy vehicle brand-Landian, and launched its first product, Landian E5, which no longer uses Huawei’s electric drive platform and HarmonyOS cockpit.

Instead, it is BYD’s Foday electric hybrid scheme, including 1.5L high-efficiency plug-in special engine and DHT300 electric hybrid system. On the car plane, only HUAWEI HiCar 3.0 is supported, and the HarmonyOS cockpit, which Huawei prides itself on, is no longer adopted by Cyrus.

Obviously, unlike the pursuit of "Chinese content" by the brand in the world, the brand of Blue Power cultivated by Cyrus itself is "going to Huawei".

According to an insider of Celestial, "the sales revenue of the brand in the world is incorporated into the financial report of Celestial listed companies, and Huawei is divided according to the supplier model. Although it seems that Huawei’s participation is very high, in fact, the sharing model is completely based on suppliers. " According to the previously released financial report, in 2022, Sailis expects to achieve a net loss of about 3.5 billion to 3.95 billion yuan, which is significantly larger than the loss of 1.824 billion yuan in the same period of last year, showing a situation of no increase in income.

The more you sell, the more you lose. It is precisely because in the process of cooperation with Huawei, Cyrus has invested excessive funds in R&D and manufacturing. This level of investment exceeds the traditional "foundry model". The bottomless investment makes the cooperation model between Cyrus and Huawei difficult to be copied for a time. The above-mentioned Celeste insiders revealed, "For Huawei, I definitely hope that like Celeste, I can work and actively cooperate, and I am willing to spend more and more money."

In addition, the current sales decline of the car industry has made the car companies waiting to see more hesitant. In December last year, the car industry was able to sell 10,134 cars, but in January this year, it dropped to 4,475 cars by diving. I thought this was affected by the Spring Festival holiday, but in February, the sales volume of the car industry further fell to 3,505 cars. According to insiders of Sailis, "HUAWEI recently changed AITO to Huawei. In fact, there is also a lot of sales pressure. This year, the whole situation has changed a little.(Huawei)Sales can’t go up, and we can’t even talk about going out for negotiations. "

After basically bidding farewell to the orders of new forces such as "Wei Xiaoli", it is obviously more important for Huawei BU, which is determined to be "Bosch" in the new energy era, to make a clear declaration of not making cars, and to win more high-quality cooperation from traditional car companies by dispelling the doubts of partners.

three

Compared with overweight automobile business, it is undoubtedly more urgent and important to maintain the stability of Huawei’s existing business.

Since it was included in the "Entity List" in May 2019, the United States has continuously stepped up its pressure on China enterprises including Huawei: in August 2022, the US Department of Commerce burned EDA software, ultra-wide band-gap semiconductor materials and pressure gain.(PGC)And other four technologies to implement new export controls; At the end of January this year, the United States reached an agreement with the Netherlands and Japan to restrict the export of advanced chip manufacturing equipment to China, further suppressing China’s chip industry chain; In February, Bloomberg, Reuters, etc. broke the news again that the US government is considering cutting off all contacts between American suppliers and Huawei, and stopping issuing licenses of key chip manufacturers such as Intel and Qualcomm, such as 4G, Wi-Fi 6/Wi-Fi 7, artificial intelligence, high-performance computing and cloud projects.

Once these measures are implemented, Huawei will completely cut off the supply from the part before 2023. In addition to the unsustainable development of Huawei’s terminal services such as mobile phones and notebooks, the high-order intelligent driving solution ADS, which is the mainstay of Huawei’s Hi model, will also lose its competitive advantage in the industry because it cannot obtain sustained and stable high-computing chips.

In order to break the technical blockade, Huawei launched a domestic alternative development campaign around three R&D production lines of hardware, software and chip development.

Combined with the recent speeches made by Ren Zhengfei and Xu Zhijun, Huawei has successively completed ERP.(Enterprise Resource Management)Software, and localization of EDA tools above 14nm.

"We completed the replacement development of 13,000+devices and the repeated board replacement development of 4,000+circuit boards in three years … until now, our circuit boards have stabilized because we have domestic parts." Ren Zhengfei said.

However, at the annual report conference on March 31, Xu Zhijun corrected the above information, saying that it was not three years, but it actually took Huawei nearly 10 years to complete some replacement work.

But for Huawei, which wants to return to the leading position in the industry, these alternatives are far from enough.Taking chips as an example, Apple, Samsung, etc. are already matching the 4nm process. For Huawei, which has just broken through the 14nm EDA tool, there are still many key process nodes such as 10nm, 7nm, 5nm, etc., and the smaller the process, the greater the R&D investment resources it consumes.

As Xu Zhijun said, "Although we have made a lot of breakthroughs in product development tools in recent years, we still face many challenges, and there are many product development tools that have not completely broken through, which requires us to work non-stop and redouble our efforts."

The self-developed software business has become one of Huawei’s key breakthrough directions in 2023.

However, Car BU, which was originally born to make up for the deficit caused by the decline of mobile phone business, is still the most promising sector for Huawei to become a new growth point at present, under the circumstance that Huawei’s two revenue pillar terminals BG and operator BG either have a decline in revenue or their revenue reaches a bottleneck.

This may also be the reason why Ren Zhengfei did not directly announce that he would never build a car. After waiting for five years, Huawei solved the problem of localization substitution in the field of software and hardware, and it may not be impossible to put the car on the table in person.

This article comes from WeChat WeChat official account:Alphabet list (id: wujicaijing)Author: Zhao Jinjie, Senior Brother Yu

Third place I didn’t expect the sales list of new forces in August.

  [car home Information] In August, the list of new forces was released, and Ai ‘an, Ideality and Weilai once again became the top three in the list of new forces. After experiencing the low sales in the first half of the year, Weilai and Tucki both bottomed out in the second half of the year and returned to the "first camp". Weilai’s brand-new (|) was a great success, which helped the sales to be bullish. The cooperation between Tucki and Volkswagen also made the brand see hope. In addition, Ai ‘an, Deep Blue, Zero Run, Krypton, Nezha and Tengshi also performed well, with sales exceeding 10,000 units in August.

August sales list of new forces sort brand Sales volume (units) one AION 52057 2 ideal 34914 three Weilai 19329 four dark blue 14736 five Zero run 14190 six Tucki 13690 seven Extreme krypton 12303 eight name of a god in Chinese mythology 12103 nine Tengshi 11515 10 AITO Wen Jie 5018 11 Lantu 4009 12 Skyworth 3693 13 Aouita 1975 14 Polar fox 1868 15 Tomoji 1537 16 Hechuang 1011

● Ai ‘an 52057

Home of the car

  In August, Ai ‘an sold 52,057 units, up 15.5% from the previous month’s delivery. Although it ranked first, it grew rapidly, further distancing itself from the second place. Limited by the production capacity of the factory, there was also a phenomenon of "delivery upside down" in August, with 45,029 vehicles produced and sold and 52,057 vehicles delivered by the terminal. Haobo GT, launched in July, also helped Ai ‘an usher in a key watershed of scale profit, which will lead from sales to profit. According to the 2023 semi-annual report disclosed by Guangzhou Automobile Group, Ai ‘an achieved profit for two consecutive months from June to July this year.

● Ideal 34,914 units

Home of the car

  In August, LI delivered a total of 34,914 new cars, up 663.8% year-on-year, and the monthly delivery of three models of the ideal L series exceeded 10,000. In the near future, the sales volume of the three ideal cars are relatively stable, with a small increase in sales volume, with a 2.2% increase from the previous month. Different product positioning meets the needs of different families, and the idea of relatively balanced vehicle configuration at different prices has also been recognized by the market. To celebrate the first anniversary of the delivery of L-series vehicles in LI, which exceeded 250,000 vehicles, LI launched a 10,000-yuan insurance subsidy policy within a limited time. The models involved in this discount include new orders for Ideal L9, Ideal L8 and Ideal L7 from August 30, 2023 (inclusive) to September 30, 2023 (inclusive), and you can enjoy an insurance subsidy of 10,000 yuan if you purchase auto insurance through cooperative insurance institutions.

● Weilai 19329 units

Home of the car

  Weilai delivered 19,329 new cars in August, an increase of 81.0% year-on-year and a decrease of 5.5% month-on-month. Although there was a slight decrease compared with last month, compared with the bleak situation in the first half of the year, the listing of the new Weilai ES6 undoubtedly gave Weilai a shot in the arm, and the sales volume increased rapidly. With the recovery of sales volume, Weilai’s financial report in the second quarter also performed well. The revenue in the second quarter was 8.77 billion yuan, and the Q3 delivery guideline was 55,000-57,000 units, up 74.0-80.3% year-on-year. The revenue guidance is 18.90-19.52 billion yuan, up 45.3-50.1% year-on-year, which is the highest delivery and revenue guidance in history. Weilai expressed full confidence in the promotion of sales of second-generation platform products. In the second half of the year, with the delivery of new models of the second-generation platform, the scale of production and sales will climb, and the average gross profit will increase. Weilai brand expects that the gross profit margin will increase steadily in the second half of the year, and it is expected to return to double digits in the third quarter, and strive for 15% in the fourth quarter.

● Deep Blue 14736 units

Home of the car

  In August, Deep Blue delivered 14,736 vehicles, an increase of 11.8% from the previous month, and the growth was obvious. Among them, the delivery of a Deep Blue S7 vehicle reached 10,039 vehicles in a single month. Two months after the launch and delivery, it achieved the achievement of breaking 10,000 units in a single month. Its starting price of 149,900 yuan, coupled with the size of medium-sized SUV, almost achieved the same price of oil and electricity, plus extended range and pure electric fists, which met the needs of different markets. Deep Blue also expects S7 to have a bigger sales breakthrough in the next few months. Looking forward to the future, in 2024 and 2025, Deep Blue will launch a model with a larger positioning than the current Deep Blue S7, and another off-road SUV model will be launched.

● Run 14,190 units at zero speed.

Home of the car

Home of the car

  The sales data of retail in August was 14,190 vehicles, which was basically the same as that of last month, among which C11 vehicles exceeded 10,000 vehicles in a single month. Previously, Zero Car has announced its interim results, with revenue of 5.813 billion yuan in the first half of the year, up 14.4% year-on-year. On August 1st, Zero Run adjusted the price of some models of its C11 and C01, with an adjustment range of 10,000-20,000 yuan. Among them, the adjusted prices of the 650 Zhixiang version and the 580 four-wheel drive performance version of the retail C11 model are 189,800 yuan and 209,800 yuan respectively; After the adjustment of the zero-run C01 model, the 606 Zhixiang version sold for 173,800 yuan, the 717 Zhixiang version sold for 196,800 yuan, and the 630 four-wheel drive performance version sold for 208,800 yuan. These adjustments also promoted the sales volume. At the upcoming Munich Auto Show, Zero Run will also release a brand-new model CX (code B11). According to the plan, Zero Run will launch seven new cars from 2023 to 2025, including two cars and five SUVs.

● 13,690 units in Tucki

Home of the car

  In August, Xpeng Motors delivered 13,690 new cars, up 24% month-on-month and 43% year-on-year, and delivered more than 10,000 vehicles for two consecutive months, which has maintained a growth trend for seven consecutive months. Among them, Tucki G6 delivered 7,068 units, an increase of 80% from the previous month. Good things have been happening in Tucki recently. First, on July 26th, Volkswagen brand reached a technical framework agreement with Xpeng Motors. In the initial stage of cooperation, the two parties plan to jointly develop two Volkswagen brand electric vehicles for the medium-sized car market in China. These two new cars, which are exclusively for China market, will complement the product portfolio based on MEB platform, and are planned to go to market in 2026. On August 28th, Xpeng Motors officially announced that it had reached a strategic partnership with Didi to acquire related assets and R&D capabilities of Didi’s smart electric vehicle project. Xpeng Motors will release A-class intelligent electric vehicles with a brand new brand, and plans to achieve mass production in 2024, officially entering the stage of multi-brand strategy.

● 12,303 kryptons

Home of the car

  In August, Extreme Krypton delivered 12,303 new cars, up 2.2% month-on-month and 71.7% year-on-year. At present, there are three models of Extreme Krypton, 001, X and 009, and the overall sales volume is relatively stable. On August 11th, the limited-time discount was launched for some configurations of Krypton 001, with a maximum reduction of 37,000 yuan, which helped the sales volume, but the impact was not great.

● Nezha 12103.

Home of the car

  In August, Nezha Automobile delivered 12,103 new cars, up 21% from the previous month. By the end of August, 2023, Nezha had delivered a total of 332,609 vehicles. On August 3rd, Nezha AYA went public, with a greatly upgraded configuration and more attractive price. The starting price was 73,800 yuan, and its comprehensive strength was improved. In the future, Nezha’s new skateboard chassis platform based on Haozhi strategy will also be equipped with intelligent cockpit, 250 kW high-voltage motor, heat pump air conditioner and 1000TOPS computing platform, which can realize L4/L5 automatic driving, and its high-voltage motor will also have an acceleration performance of 0-100km/h in about 3.5 seconds. 400V or 800V SiC charging platform with CTC (Integrated Battery and Chassis) battery system can extend the battery life by 200 kilometers in an ideal environment, so that the total battery life of the vehicle is expected to exceed 1,000 kilometers.

● Tengshi 11515 units

Home of the car

  Tengshi Automobile sold a total of 11,515 new cars in August, an increase of 3.3% from the previous month. Among them, Tengshi D9 sales reached 10,035 vehicles, ranking first in MPV sales of more than 300,000 vehicles for eight consecutive months. Tengshi N7 sold 1,480 vehicles in the first month; Tengshi N8 will be delivered nationwide in September. According to the new product planning of Tengshi brand, it will continue to launch eight new models in three years: including three SUV products such as N7/N8/N9, D9, a higher-end MPV product and three car models. It is worth mentioning that all three car products will enter the mid-to-high-end market without exception, and become substitutes for Porsche Panamera, Mercedes-Benz S-Class and BMW 5 Series (Mercedes-Benz E-Class) respectively.

● AITO asks for 5018 sets.

Home of the car

  In August, AITO series delivered 5,018 new cars, down 48% year-on-year and up 18.3% quarter-on-quarter. On August 26th, the new AITO M7 Chengdu Auto Show was officially unveiled and a small order was opened. The pre-sale price started at 258,000 yuan, and the order had exceeded 5,000 by August 31st. It will be officially released and delivered on September 12th. In addition to M7, AITO also has a M9 that is worth looking forward to. At present, it has been researched and developed for more than two and a half years, and it is not the ideal L9, but the higher-level Mercedes-Benz GLS and Land Rover Range Rover, especially in the interior, which will have a better performance. It will also support functions such as 800V fast charging and high-order assisted driving.

● Lantu 4009

Home of the car

  In August, Lantu delivered 4,009 vehicles, up 65% year-on-year and 17.5% quarter-on-quarter..At present, Lantu has three models for sale: FREE, Dreamer and Chasing Light. On August 19th, the new Lantu FREE went on the market, and the new Lantu FREE all-car series only launched one version, with a price of 266,900 yuan. If the price is further lowered, it will be more attractive. It will be delivered in September, and the new car sales will be reflected in the sales data in September. At the just-held "2023 China Automobile Industry Healthy Development Forum" co-sponsored by China European Economic and Technical Association Intelligent Networked Automobile Branch and car home, Lu Fang, CEO of Lantu Automobile, said that only by continuously improving its operational efficiency and innovation ability can it win market recognition and consumer trust.

● Skyworth 3693

Home of the car

  In August, Skyworth delivered a total of 3,693 new cars, up 6.9% from the previous month, of which 987 were exported overseas.Skyworth’s main models currently on sale are two SUVs, HT-i and EV6. HT-i is a plug-in hybrid medium-sized SUV, while EV6 is a pure electric medium-sized SUV. On September 12th, Skyworth Auto 2023 Autumn Technology Ecology Conference will be held, and it is expected that the delivery of super fast charging vehicles will be realized in September.

● 1868 polar foxes

Home of the car

  In August, the delivery volume of polar fox vehicles was 1,868 vehicles, which was basically the same as that of last month, and the cumulative delivery volume from January to August was 12,485 vehicles. On August 31st, the results of the first half of 2023 disclosed by BAIC Blue Valley showed that the company’s revenue reached 5.77 billion yuan, a year-on-year increase of 65.85%; In the first half of the year, the overall sales volume of Beiqi Blue Valley reached 35,191 vehicles, up nearly 107% year-on-year. Since 2023, Polar Fox has launched a number of new cars, including Polar Fox Alpha S and T Forest Edition, Polar Fox Alpha S Advance Edition, etc. Polar Fox Koala has started pre-sale during the recent Chengdu Auto Show, with a pre-sale price of 133,800 to 171,800 yuan, which provides a temperature-sensitive parent-child travel space for parent-child travel. On August 14th, BAIC Blue Valley announced that in order to further deepen cooperation, BAIC New Energy will carry out intelligent cooperation with Huawei Terminal Co., Ltd. on the basis of existing strategic cooperation with Huawei Technologies Co., Ltd., and the first model will be positioned as a high-end intelligent pure electric car, and the new car is expected to land next year.

● 1537 sets of Zhiji

  In August, the sales volume of Zhiji automobile was 1,537 units, up by 89% year-on-year and down by 10.7% month-on-month. At present, it has sold a total of 10,846 units. Up to now, the order volume of Zhiji LS6 has exceeded 10,000, and it will be officially listed in the middle and early October, and will be delivered as soon as it is listed.

● Hechuang 1011 units

Home of the car

  In August, the delivery volume of Hechuang vehicles was 1,011 units. Previously, the delivery volume in July was 1,647 units, a decrease from the previous month. At present, Hechuang’s main products are compact SUV Hechuang Z03, medium-sized SUV Hechuang 007 and medium-sized car Hechuang A06. At present, the pure electric MPV Hechuang V09 has started booking. (Text/car home Qin Chao)