What we said today. Now let’s follow Xiaobian to see what it has done.

First look at the appearance of Bao Junyue. Bao Junyue’s front face is very elegant and looks tough. Headlights are very in line with consumers’ aesthetics and have great visual impact. The car is equipped with LED daytime running lights, automatic opening and closing, delayed closing and so on. Coming to the side of the car body, the size of the car body is 3381 mm * 1685 mm * 1721 mm. The car adopts cold lines, and the side circumference looks very fashionable and simple, with large-sized thick-walled tires, which is eye-catching. Looking back, Bao Junyue also has exquisite tail lines, and the taillight style is relatively calm and very delicate.

Sitting in the car, Bao Junyue’s interior design looks sharp and simple. The steering wheel of the car is very beautiful in shape, equipped with functions such as manual adjustment of the steering wheel up and down, and the shape is very fighting. Take a look at the central control. The car is equipped with a clean touch-sensitive LCD central control screen, which makes the interior style impressive and fashionable. The dashboard and the seat are equally eye-catching, and the dashboard design is remarkable and very eye-catching. The car uses leather seats, equipped with functions such as electric adjustment of auxiliary seats, electric adjustment of seats, and tilting of seats, which is basically enough for daily use.

Bao Junyue is also 50KW, with a total torque of 140N.m and a maximum speed of 100km/h..

The car is equipped with driving mode selection, remote control key, Bluetooth key, traction control (ASR/TCS, etc.), Bluetooth /WIFI connection, full-speed adaptive cruise and other configurations, which are rich in functions and greatly enhance its convenience.

The Baojunyue introduced today is not only eye-catching in space, but also has reached the mainstream level in various configurations, and there is nothing to be picky about driving experience and space experience. If you go offline and actually experience it, it is estimated that there will be many new gains.

Porsche is testing prototypes for the redesigned Panamera, which could be the last model to feature an internal combustion engine.

The current Panamera, the second-generation model, was launched in 2017 and updated in 2021. Considering that the original Panamera has been on the market for about seven years, according to Porsche’s plans, we should see this Panamera debut as a third-generation model for the 2024 model year.

The redesigned Panamera will be based on the MSB platform, which is also debuting in the Panamera and supports Bentley’s Continental and Flying Spur models, but it may have an updated powertrain range. Although more powerful, the powertrain update is expected to focus on reducing emissions across the board, as well as increasing range and reducing the charging time of the plug-in hybrid powertrain.

The overall styling of the new third-generation Panamera will change, although this will be a subtle change, as is usually the case with Porsche. It is clear from the exposed test prototype that the headlights of the new car have a more square shape, which will also be equipped on the upcoming new Cayenne. In addition, a new interior design to match the Taycan’s higher-tech cabin is also planned.

As for the electric version of the Panamera, it has not yet been launched, but the electric version role is currently filled by Taycan, which is only a few inches shorter than the Panamera. Ultimately, while most Porsches will go electric in the future, the carmaker plans that by 2030, 80% of its sales will be electric vehicles, and the rest will be made up of Porsche 911 – Porsche’s final dance to the internal combustion engine.

Following the launch of luxury electric off-road brand Warrior 917, Landscape Chasing Light, New Landscape FREE and other products this year, on October 12, Dongfeng Motor’s high-end new energy vehicle brand Landscape Automobile held a press conference, Landscape The second strategic model 2024 New Landscape Dreamer was successfully listed and delivered, and a total of four models of PHEV and EV were launched. The official price is 339,900 yuan, 369,900 yuan, 419,900 yuan, 469,900 yuan.

The new Dreamer is further advanced in eight dimensions such as powertrain, NVH quietness, luxury configuration, and intelligence. Its PHEV model has a comprehensive battery life of 1231 kilometers, and it can be driven from Wuhan to Shenzhen with full fuel and full power, without the need for one-way replenishment. At the same time, it can achieve full power for more than 12 hours of external discharge to meet the electricity needs of cooking, lighting, and hot water during camping. The comprehensive battery life of pure electric models has been increased to 650 kilometers, fully meeting consumers’ differentiated needs for high-end new energy MPVs.

This year, Lantu Automobile completed the product layout of "three cars in three years, three categories in three years", and accelerated the iterative upgrade of high-end products around user requests on the basis of the complete product matrix of SUV, MPV and sedan. Through a series of innovative measures, since June this year, Lantu Automobile has achieved rapid growth for three consecutive months, showing a good development trend. The new Lantu FREE is equipped with Baidu Pilot Assisted Intelligent Driving System, and the order exceeded 10,000 within 1 week of listing. At the same time, the export process of Lantu Automobile continues to accelerate. On the basis of the fact that Lantu FREE has been shipped to Norway and Israel, in October this year, Lantu Automobile will successively land in Finland, Turkey, Bulgaria, the Netherlands, Denmark and other countries. The 2024 new Lantu Dreamer will also be exported to overseas markets, dedicated to promoting China’s own high-end new energy vehicle products to the world, and actively shaping the global influence of Chinese brands.

As the first high-end new energy vehicle brand in Hubei Province, Lantu Automobile undertakes the important mission of promoting the Dongfeng brand upward and promoting the transformation and upgrading of Dongfeng. It is an important chain in the ten trillion-level automobile industry corridor of Hubei "Hanxiao Suixiang". It is in the first phalanx of the new track of Hubei new energy and intelligent networked vehicles, and is also the representative and benchmark of China’s independent high-end new energy vehicle brands.

Guo Yuanqiang, a member of the Standing Committee of the Hubei Provincial Party Committee and secretary of the Wuhan Municipal Party Committee, emphasized when inspecting Lantu Automobile: "We must seize the opportunity of rapid growth in the demand for new energy vehicles, adhere to the development direction of electrification, intelligence and networking, accelerate the transformation of traditional car enterprises, actively introduce new energy and intelligent networked automobile industry chain enterprises in Han, and promote the high-quality development of the automobile industry in our city. We hope that Lantu Automobile will adhere to the market orientation, further clarify the market positioning, continue to increase investment in innovation, strengthen technology research and development, and continuously improve product quality and market share."

Liu Ziqing, a member of the Standing Committee of the Wuhan Municipal Party Committee and secretary of the Wuhan Economic Development Zone Working Committee, said recently: "Lantu Automobile is the most complete car company in China’s new energy vehicle product layout. Its product performance, intelligence, safety and luxury are also recognized by users and the market. It is a bright business card of China’s Car Valley Economic Development Zone and has broad development prospects. Cultivating new energy vehicle companies represented by Lantu is an important part of the new track of the racing automobile industry in Wuhan Economic Development Zone. We will unswervingly implement the development strategy of the Yangtze River Economic Belt, lead the high-quality development of China’s Car Valley with innovation, and strive to build a large corridor of industrial innovation in Car Valley."

It is reported that Lantu Dreamer is China’s first high-end new energy MPV independently developed by Lantu, the first and only new energy MPV in China to obtain the C-NCAP five-star safety certification, and the first high-end new energy MPV in China to obtain the European Union vehicle type certification (EWVTA) and can be exported to the European Union. Since the release of Landmap Dreamer, it has successively become the official designated vehicle for high-end conferences and events such as the 2022 China 5G + Industrial Internet Conference, the China Film Three Awards (Hundred Flowers Award, Golden Rooster Award, Huabiao Award) Award Ceremony, the World Health Expo, the 3rd China-Africa Economic and Trade Forum in 2023, the 2023 Green and Low-Carbon High-Quality Development Conference, and the 20th China-ASEAN Expo. It showcased the leading strength and style of China’s high-end new energy vehicles to the participants at home and abroad, and actively provided "China Solutions" and "China Thinking" for the development themes of high-end government travel, ecological civilization construction, and high-quality development.

　　National electric vehicle measurement data establishment application base approved

　　The State Administration for Market Regulation recently approved the establishment of a national measurement data establishment application base (electric vehicles). The base will strengthen the collection, analysis, management and application of measurement data in the field of electric vehicles, build an information security system for electric vehicle measurement data, a traceability (technical specification) system for quantity value transmission, and build three major platforms for electric vehicle business data, test data and digital measurement. Promote the integration and application of measurement data in the whole industry chain and life cycle of electric vehicles, and improve the accuracy, timeliness, safety and credibility of measurement data in the whole process of electric vehicles.

　　In the second half of car intelligence, "data" has become increasingly critical.

　　Beijing: Implementation of used car distribution support policy, a single enterprise up to 2 million yuan

　　The Beijing Municipal Bureau of Commerce recently issued a notice on the implementation of the support policy for used car dealerships. It proposes that in order to encourage the large-scale development of used car dealerships, promote the circulation of used cars, and expand automobile consumption, financial support will be given to eligible used car dealerships. For enterprises whose used car dealerships exceed 5 million yuan from November 1, 2023 to October 31, 2024, a financial reward of 0.5% of their used car dealerships will be given. The maximum for a single enterprise shall not exceed 2 million yuan.

　　Financial Union Automobile: This move can guide, encourage, and support operating enterprises in the used car industry to accelerate their transformation and development.

　　Ride Union: March 1-17Retail 335,000 car market increased by 56%

　　On March 20, according to the data of the Passenger Association, from March 1 to 17, the retail sales of the passenger car market 698,000 vehicles, an increase of 13% year-on-year and an increase of 27% over the same period last month; since the beginning of this year, the cumulative retail sales of 3.841 million vehicles have increased by 16% year-on-year. From March 1 to 17, the national passenger car manufacturers wholesale 828,000 vehicles, an increase of 25% year-on-year and an increase of 121% over the same period last month; since the beginning of this year, the cumulative wholesale of 4.228 million vehicles has increased by 13% year-on-year. From March 1 to 17, the retail sales of the car market 335,000 vehicles, an increase of 56% year-on-year and an increase of 115% March 1-17, the national passenger car manufacturers wholesale 312,000 vehicles, an increase of 31%, an increase of 138% over the same period last month; this year the cumulative wholesale 1.448 million vehicles, an increase of 29%.

　　Cui Dongshu: Although some automakers’ continuous price cuts have caused a serious short-term wait-and-see phenomenon, the price reduction cycle has finally been gradually completed, so market consumer confidence is gradually recovering.

　　Domestic Model Y will increase by 5,000 yuan on April 1

　　On March 20, the reporter learned from inside China that the official price increase will be announced on April 1, and the price of the Model Y will be raised by 5,000 yuan. At the same time, the current 8,000 yuan official carThe subsidy policy and the car paint reduction policy of up to 10,000 yuan will also expire on March 31. The actual price increase of this price adjustment is up to 23,000 yuan.

　　Financial Union Auto:The move has aroused the market’s concern about whether the price war is going up or down.

　　Lei Jun still wants to sell more than 250,000

　　On March 20, people familiar with the matter said that Xiaomi Group has determined the pricing. Compared with last year, the pricing has been reduced by 30,000 to 50,000 yuan. At present, the price of the standard version may be 266,000, and the high-end version is positioned at 336,000 yuan. However, it may still be adjusted before the conference. At present, the high and low versions of Xiaomi SU7 mainly target Model 3 and001, not only the configuration is similar, but the price is also fully benchmarked. Lei Jun discussed repeatedly in several internal meetings, how to make a hit without the same price. Although the listing is imminent, Lei Jun is still not fully confident.

　　Cai Lianshe Auto: The final price of Xiaomi’s car may be "determined in one fell swoop".

　　2023 to achieve a net profit of 5.308 billion yuan, up 51%

　　On March 20, the company disclosed its 2023 annual report. During the period, the company achieved operating income of 179.2 billion yuan, an increase of 21% year-on-year, a record high; realized a net profit of 5.308 billion yuan to the parent, compared with 3.511 billion yuan in net profit to the parent after excluding the one-time negotiated acquisition income in 2022, an increase of 51% year-on-year; gross profit increased by 31% year-on-year to 27.4 billion, gross profit margin increased from 14.1% in 22 years to 15.3% in 23 years; net cash level increased by 46% to 28.4 billion. In 2024, the target sales of 1.9 million vehicles, of which the new energy vehicle sales target increased by 66% compared with the total sales achieved in 2023. Dai Yong, deputy CFO of Geely Automobile Group, introduced that in 2024, on the premise of increasing sales and rising gross profit, it strives to achieve the goal of turning losses into profits (according to Hong Kong Financial Reporting Standards).

　　The brand is crucial for Geely Automobile.

　　Group Zhang Xinghai: Automobiles will become global in the futureTop ten brands

　　On March 20, the Automobile 2024 Overseas Business Conference officially opened. Zhang Xinghai, chairperson (founder) of Cyrus Group, said at the scene that Cyrus Automobile will become one of the top ten global brands in the future.

　　Finance Union Auto: Backed by Huawei, Sailis is full of confidence.

　　Nezha Automobile Received 200 million HK Dollar Subsidy from the Hong Kong Government and US $200 million Investment Assistance from Cornerstone Wheel

　　On March 20, Nezha Automobile signed an agreement with the Hong Kong government. According to the agreement, the Hong Kong government will provide 200 million Hong Kong dollar subsidies for Nezha Automobile and assist the cornerstone round to invest 200 million US dollars. Previously, Nezha Automobile has set up overseas centers in Hong Kong and is planning to establish overseas intelligent R & D centers andThe center will develop localized smart new energy vehicles based on the characteristics of overseas users, and plans to build a production plant in Hong Kong to assist Hong Kong in integrating with the mainland’s industrial chain.

　　Finance Union Automobile: Nezha Automobile has become a key corporate partner of the Hong Kong government.

　　withReach a new round of strategic cooperation

　　Recently, a new round of strategic cooperation agreement was signed with the official. In addition, the two sides discussed body andAnd other relevant materials were discussed in depth to further deepen strategic cooperation.

　　Financial Union Auto: A collaboration between new power automakers and steel companies.

　　Yikatong and Xinqing Technology released the 7nm smart driving chip – Eagle Smart Driving AD1000

　　March 20,Together with XINQING Technology, we released the car-grade 7nm all-scene high-end smart driving chip – Eagle Smart Driving AD1000, CPU computing power 250KDMIPS, NPU computing power up to 256 TOPS, which can achieve up to 1024 TOPS computing power through multi-core collaboration, integrate high-performance VPA and ISP, built-in safety island, and can meet the needs of L2 ++~ L4 intelligent driving. On the same day, we announced a strategic upgrade with China FAW, and the two sides jointly built a leading intelligent computing platform and Hongqi OS ecosystem. In addition, Yikatong also reached a strategic cooperation with Lianyou Zhilian Technology in the field of smart cabin smart driving on the same day.

　　Finance Union Auto: Yikatong released a "big move" in a row.

　　Polaris connected to China’s charging network

　　On March 20, Polaris announced that from now on, Polaris pure electric models can be charged at Tesla’s super charging stations and destination charging stations open in the Chinese mainland.

　　Financial Union Auto: Polaris hopes to build a comprehensive, multi-level, and high-quality complementary network.

　　From 229,800 yuan, Hongqi EH7 is listed

　　On March 20, FAW Hongqi announced that the new electric car – Hongqi EH7 was officially launched, with a guide price of 229,800 – 309,800 yuan. Hongqi EH7 offers single two-wheel drive version and double four-wheel drive version models, both equipped with three yuan, choose threeCapacity. In terms of battery life, the entry-level model has a minimum capacity of 75 kWh and a CLTC range of 600 kilometers; models with a capacity of 85 kWh and 111 kWh can choose two-wheel drive and four-wheel drive versions, and the CLTC range is between 640 kilometers and 820 kilometers.

　　From the previous concept car to the current production version, the strength of the Hongqi EH7 should not be underestimated.

　　Volkswagen will strengthen cooperation with Israeli autonomous driving company Mobileye

　　On March 20, Israeli autonomous driving company Mobileye released a statement saying that it will strengthen cooperation with Volkswagen in the field of autonomous driving, and jointly introduce new autonomous driving functions into mass production, which will be provided to Volkswagen’s Audi, Bentley, Lamborghini and Porsche brands in the future. According to the statement, the above functions include automatic overtaking on multi-lane highways in permitted areas and conditions, and automatic parking at red lights and stop signs.

　　Finance Union Auto: Volkswagen wants to "outsource" to the end.

Zhijian Automotive/Chen Yi

A few days ago, Zhiyao Automobile obtained a new round of MIIT declaration map information. This batch of new cars is full of stars, especially many blockbuster new energy models, such as Frigate 07, Changan Deep Blue SL03 Hydrogen Edition, NIO ET5, etc. Here is a brief inventory of the new cars that are about to meet us.

1. Frigate 07

The Frigate 07 can be regarded as the sister car of the Tang DM-i. In terms of appearance, the Frigate 07 is highly similar to the X DREAM concept car, with a stable overall atmosphere. However, the lateral front grille of the front of the car is relatively close to that of the Destroyer 05.

On the side, the frigate 07 adds a lot of highlights, such as the vertical D-pillar, the upturned rear envelope, and the headlights that extend to the front fender. The tail shape is simple, and the design of the light group is quite distinctive.

There is no more news on the interior. It is reported that the new car will adopt a five-seat SUV space layout. In terms of power, the new car will be equipped with a DM-i plug-in system, which matches the lithium iron phosphate battery. It is worth mentioning that the future frigate 07 is expected to launch a pure electric model.

2. Changan dark blue SL03 hydrogen electric version

The biggest selling point of the Changan SL03 is its hydrogen-electric version. According to known information, the Changan SL03 hydrogen-electric version has a cruising range of more than 700 kilometers, and the refueling time only takes 3 minutes, which is much more efficient than pure electric vehicles. In addition, the official nominal hydrogen consumption of the Changan SL03 hydrogen-electric version is 0.65 kilograms per 100 kilometers. According to the hydrogen fuel price of 30 yuan/kg, the cost of the Changan SL03 hydrogen-electric version is less than 20 cents per kilometer. As for the power parameters, there is no further information yet.

In terms of appearance, the design of the Changan SL03 hydrogen electric version is basically the same as that of the pure electric version, such as the closed front grille and the hatchback style. On the side, the Changan SL03 hydrogen electric version is equipped with a hidden door handle and low wind resistance rims, which is also quite streamlined. A rear spoiler is added to the tail, and the sports atmosphere is even stronger than the front of the car.

In terms of interior, the Changan SL03 hydrogen electric version adopts a simple technical style, most of which are visible to the naked eye with "soft bags", and the central control area is equipped with a large 14.6-inch screen. At the same time, it also has a built-in intelligent cockpit domain controller and Changan smart core, which supports the OTA upgrade of the whole vehicle.

The latest news indicates that the Changan SL03 will be available in July and deliveries will begin in August.

3. NIO ET5

The NIO ET5 has a more interesting design: an optional retractable electric tow hook, which can cause changes in the length of the vehicle. The point is that it can be towed after assembly. Presumably, this is in response to the current hot camping craze.

In terms of appearance, the NIO ET5 continues the brand’s iconic X-Bar design language, and the side adopts the coupe’s back shape, which is full of sports. The tail line is full, and the visual effect is simple and atmospheric. It is worth praising that the new car has added a pop-up door handle and an electric suction door, which is full of technology and atmosphere.

Inside the car, the NIO ET5 features a minimalist design, with a central control large screen and an LCD instrument panel that are both independent suspension styles. The familiar NOMI will still be there.

In terms of power, the new car adopts a dual-motor layout, and the 100-kilometer acceleration is expected to be around 4.3 seconds. In terms of battery life, the new car will offer three versions: 550 kilometers, 700 kilometers, and 1000 kilometers.

NIO ET5 has already completed its debut. At present, the price of the new car before the subsidy is 32.80-38 6,000 yuan. If you choose the battery rental plan, you only need 258,000 yuan. Not surprisingly, the new car will be delivered in September this year.

4. MG MULAN

In appearance, MG MULAN is a brand new design style. The front of the car is equipped with a sharp line of headlights, and the front lip adopts a spade style. On the side, the combination of a suspended roof + petal-shaped rims brings a different sense of fashion. At the rear, the Y-shaped taillights are matched with the central logo, creating a good recognition.

The interior has not received much information yet. We predict that MG MULAN will adopt a simple and integrated layout like many new energy models, and may also offer a panoramic canopy, rear privacy glass, and a smart cockpit.

In the power part, the new car will be equipped with a drive motor of model TZ180XS0951. In terms of batteries, the new car will be equipped with a ternary lithium battery pack, and the battery life is temporarily unknown.

Write at the end: Do you have anything to say about the above four new cars? Please leave a message in the comment area.

The original article of Zhijing Automobile, if you need to reprint it, please contact the platform.

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Topic: Sichuan Wenchuan Earthquake

　　On June 3, 2008, Hong Kong artist Wu Mengda came to Shifang City, the hardest-hit area in Sichuan Province, to be with the children of Hongbai Town Primary School, and was welcomed by the children. Hongbai Town in Shifang City suffered heavy losses in the "May 12" earthquake. China News Agency issued a cautious photo

　　Wu Mengda recently visited Hunan Satellite TV’s "The Story Behind" and blew up the past: he was refused to borrow money from Zhou Runfa when he went bankrupt; he and Zhou Xingchi were at odds because of the movie "Kung Fu".

　　And Chow Yun Fat for 300,000

　　Wu Mengda was admitted to the TVB artist training class in 1971. After playing Hu Tiehua in "The Legend of Chu Liuxiang", his career once reached the peak, "he was so popular that he was just like Jay Chou now." But he owed 300,000 yuan in gambling debts in 1980, and there was no way to accept it, so he went bankrupt. He refused to borrow money from his friend Zhou Yun-fa, and the two broke up friends for a time. "The first thing I thought of at that time was my best friend Zhou Yun-fa, but I didn’t expect him to say to me: You solve it yourself! I hated him very much at that time, and I couldn’t understand that sentence. What is 300,000 to him? I want to commit suicide." Not only Zhou Yun-fa, but all his friends around him and his junior brother Du Qifeng also thought he was a piece of mud. Looking back on the past, Wu Mengda’s eyes filled with tears.

　　Stephen Chow was unhappy not to play "Kung Fu"

　　In 1988, Wu Mengda and Zhou Xingchi met and started their first collaboration. "Back then, he was someone who had a lot of ideas, but the director didn’t believe him, so his ideas were often proposed by me." Wu Mengda admitted that the relationship between the two is different now because of the rift caused by "Kung Fu". "At that time, I encountered SARS, and I couldn’t make" Kung Fu "on my schedule. He felt that I was not enough friends and loyalty, and the two of them were not happy with each other. If I acted, I would like to charter the public to be mine." The feelings of Xingzai back then and the current Xingye were also very different. "He has raised himself to a high level, and now no one dares to deny him, but I think he needs to be denied because he is a mortal. Everyone is wrong at times." But Wu Mengda also stressed that no matter how the outside world evaluates Zhou Xingchi, the other party is undoubtedly talented.

Editor in charge: Wang Jiaolong

China Fund News, Chenxi

On Friday evening, Hengda had another big news!

The first is that China Evergrande announced on the Hong Kong Stock Exchange that it has fulfilled various resumption guidelines, including the publication of all unpublished financial results required by the listing rules and the resolution of any audit qualified opinions. The company has applied to the Stock Exchange to resume trading in the company’s shares from 9:00 am on August 28, 2023.

Before China Evergrande, Hengda Automobile and Hengda Property have resumed trading successively. Hengda Automobile resumed trading by nearly 70% on the day, and Hengda Property resumed trading by nearly 50%. Before the suspension, China Evergrande’s share price had fallen to HK $1.65 per share, with a total market value of 21.80 billion Hong Kong dollars. The performance of China Evergrande’s share price next Monday will attract great attention from the market.

In addition, tonight Hengda Automobile also announced the performance of the first half of 2023: the first half of the group’s revenue was 155 million yuan, net loss 6.873 billion yuan, a year-on-year loss of 48.6%. As of June 30, the company’s net debt fell to 32.84 billion yuan.

So here it is.

China Evergrande officially announced the resumption of trading

Trading will resume next Monday

After Hengda Property and Hengda Automobile, China Hengda will finally resume trading.

On the evening of August 25, China Evergrande announced on the Hong Kong Stock Exchange that the company has fulfilled various resumption guidelines and has applied to the Stock Exchange to resume trading of the company’s shares from 9:00 am on August 28, 2023.

In order to resume trading, China Evergrande issued a one-time reissue of its financial results for 2021, the first half of 2022 and the full year of 2022 on July 17.

Among them, in 2021, China Evergrande’s annual revenue was 2500.1 billion yuan, with a net loss of 686.22 billion yuan. In 2022, the loss was reduced. The revenue recorded in that year was 2300.7 billion yuan, and the net loss was 125.81 billion yuan. That is, China Evergrande’s total net loss for two years reached 812 billion yuan. In terms of liabilities, as of the end of 2022, China Evergrande’s total liabilities were 2.43741 trillion yuan, and 1.71639 trillion yuan after excluding 721.02 billion yuan of contractual liabilities.

In January this year, China Evergrande replaced its auditor: PricewaterhouseCoopers (PricewaterhouseCoopers) resigned and appointed Shanghai Parkson PricewaterhouseCoopers Co., Ltd. as the new auditor. In the resumption guidelines, the new auditor gave solutions/solutions to all 9 matters raised by the predecessor. The board of directors of China Evergrande believes that the matters raised by Luo PricewaterhouseCoopers in his resignation letter have been fully resolved and believes that the company has fully fulfilled the resumption guidelines.

In addition, regarding the situation that Hengda’s 13.40 billion yuan pledge guarantee was enforced by the relevant banks, China Evergrande gave further investigation results: among the directors during the relevant period, Xu Jiayin, Xia Haijun and Pan Darong were able to contact and hold relevant documents. Some documents related to the pledge guarantee arrangement were signed by Xu Jiayin, but Xu Jiayin said that the signing was only a process and denied any knowledge of the pledge guarantee arrangement.

In July last year, China Hengda had announced that due to Hengda property 13.40 billion yuan deposit pledge was the relevant bank enforcement matters, the company’s executive director and chief executive officer Xia Haijun, executive director and chief financial officer Pan Darong, subsidiary Hengda Group Co., Ltd. executive president Ke Peng, has been asked to resign the relevant positions.

According to the independent investigation results, both Xia Haijun and Ke Peng have left, and Pan Darong has been transferred to a company under Evergrande as an ordinary employee. Therefore, the board of directors believes that there are no regulatory concerns about the integrity of the company’s management and has fulfilled the requirements of the resumption of trading guidelines.

732 construction projects resumed

Total assets 1.74 trillion yuan

In order to demonstrate that the company has sufficient business operations, China Evergrande has also released a number of business data.

China Evergrande said that the company takes stable operation and risk as the first priority, and actively promotes the work of the protection building with the greatest strength. It has obtained the understanding and support of various parties, including local governments, upstream and downstream enterprises, owners, etc., and has realized the full resumption of 732 protection building projects. A total of 301,000 sets of buildings will be handed over in 2022. The cultural tourism project on Haihua Island in Hainan, China has been operating steadily and has received more than 7.60 million tourists.

As of June 30, 2023, China Evergrande Group has a land bank of 190 million square meters. In addition, the Group is also involved in 78 old renovation projects, including 55 in the Greater Bay Area (34 in Shenzhen) and 23 in other cities.

China Evergrande said that the company’s current sources of Working Funds are mainly rescue fund loans provided by local governments, project disposal income, existing regulatory funds and daily operating sales income. In the first half of 2023, the group realized the contract sales amount of RMB 33.413 billion yuan, the contract sales area was 5.115 million square meters, and the cumulative sales refund in the first half of the year was RMB 27.10 billion yuan.

As of June 30, 2023, the total assets of China Evergrande Group were approximately 1.743997 trillion yuan. The board of directors believes that the group has sufficient business operations and has assets of sufficient value to support operations.

It has been 17 months since China Evergrande suspended trading on the morning of March 21, 2022. According to the "18-month delisting" system arrangement of the Hong Kong Stock Exchange, China Evergrande applied to resume trading in time at the deadline, ushering in a turnaround. After China Evergrande resumes trading, China Evergrande, Evergrande Property and Evergrande Automobile, the three listed companies of Evergrande, will fully resume trading.

The resumption of trading is not easy, and the share price is even more worrying. Before the suspension, China Evergrande’s share price had fallen to 1.65 Hong Kong dollars per share, and the total market value was 21.80 billion Hong Kong dollars. The performance of China Evergrande’s share price next Monday will attract great attention from the market.

In contrast, Hengda Motor resumed trading on July 28, the day plummeted nearly 70%. Hengda Property resumed trading on August 3, the day fell nearly 50%, the continuous decline has been reduced to penny stock, the latest total market value 7.50 billion Hong Kong dollars.

Hengda Automobile reduced losses by 48.6% in the first half of the year.

Net debt fell to 32.80 billion

On August 25, Hengda Automobile announced in the Hong Kong Stock Exchange that the group’s revenue in the first half of the year was 155 million yuan, and the net loss was 6.873 billion yuan, a year-on-year reduction of 48.6%.

In the 6.87 billion loss, Hengda Automobile said that the discontinued business (i.e. divested real estate projects) held for sale lost 1.061 billion yuan, non-operating losses such as asset disposal and asset impairment 3.716 billion yuan, and operating losses 2.096 billion yuan.

The announcement shows that the Group’s discontinued business (i.e. divestment of real estate projects) held for sale was completed on May 12, resulting in a decrease of 43.139 billion yuan in net liabilities in the financial statements. As of June 30, the company’s net liabilities fell to 32.84 billion yuan.

The announcement shows that for the six months ended June 30, 2023 (the reporting period), Evergrande continued to focus on the high-quality production and delivery of the Hengchi 5, improving and streamlining the production management system. Of all the pre-orders for the Hengchi 5, more than 760 units were delivered during the reporting period. In terms of research and development results, Evergrande has applied for 3,512 patents in similar research fields worldwide, of which 2,715 have been granted patents.

Evergrande Motor said that it will fully promote the mass production and delivery of Hengchi 5 in the future. The Group will continue to lay a solid foundation for research and development. While accelerating the research and development of core technologies to lead the research and development of smart electric vehicle technology, it will continue to focus on the research and development of new models. Evergrande Motor will strive to improve the manufacturing level of the Tianjin manufacturing base, improve the quality system, and ensure high-quality production and delivery. In terms of sales, it will further expand sales channels, create overseas markets, and continue to improve sales and after-sales services.

Prior to this, on the evening of August 14th, Hengda Automobile announced that it had received the first strategic investment of US $500 million from the US-listed company Newton Group (NWTN), which is held by the UAE sovereign fund, and another 600 million RMB transition funds will arrive one after another within 5 working days after the announcement. All the war investment funds will be used for Hengda Automobile’s Tianjin factory to ensure the normal production of Hengchi 5 and the mass production of Hengchi 6 and 7.

On August 25, Hengda Motor closed at HK $1.29/share, down 3.01% on the day, and the total market value 14 billion HK $.

Editor: Joey

Review: Wood Fish

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Original title: "Sudden! Evergrande Late Night Announcement"

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wubai

wubai

　　In order to welcome the online game "Wind and Fire Journey" on the stage, the spokesperson of the Rock King Wu Bai specially rode a cross-country beach bike that symbolizes the spirit of wind and fire, entered the venue handsomely, and held the holy fire to open the game listing. Wu Bai also donned a dozen kilograms of combat robes and paint to shoot TV commercials a few days ago.

　　Wu Bai, a rock king with a full schedule and work schedule, also specially produced the theme music "Wind and Fire" for the game this time. This powerful music will also be included in his upcoming album in October. In addition, the game Shinkansen specially asked the original factory to make Wu Bai NPC (non-player character) in the game, so that players can also get in touch with Wu Bai in the game. Wu Bai NPC will not only talk to the player, but also help the player restore vitality or strength in a timely manner.

Editor in charge: Sun Jie

　　Xinhuanet Lanzhou, November 10 (reporter, Wang Zhiheng, Guo Gang) On November 10, due to dissatisfaction with the large number of local illegal rental vehicles interfering with the passenger market, a collective strike of hundreds of taxis took place in Yongdeng County, Lanzhou City, Gansu Province.

　　The reporter rushed to the county seat of Yongdeng County, Gansu Province, and saw that the suspended taxis were neatly placed on both sides of the road at the gate of the Yongdeng County Transportation Bureau. It was rare to see taxis driving on the street, which caused great inconvenience to the residents of Yongdeng County.

　　Ma Jiangshan, a representative of the strike taxi driver, told reporters that the strike began at 9 a.m., and there were more than 280 taxis operating legally in the county, and more than 160 taxis participated in the strike that day.

　　Ma Jiangshan said that the main reason for the strike is the increasing number of "motorcycles" and taxis operating illegally in the local area, which has seriously affected the income of legal taxis. According to their understanding, there are currently more than 700 illegally operated "motorcycles" and taxis in the county seat. These illegal vehicles and legal taxis compete for customers and engage in malicious competition at low prices, resulting in a sharp drop in their income. At present, the daily operating income is only about 20 yuan, which can only support basic living.

　　Chen Yongshun, a representative of the strike drivers, said that since 2006, three taxi operating companies have been established in Yongdeng County. Some local farmers and laid-off workers have invested more than 30,000 yuan to buy vehicles and join the three companies to engage in local rental business. At first, they had a monthly income of thousands of yuan. Later, as more and more taxis were operating illegally, the income of legal taxis became less and less. Now the daily income is less than half of what it was at the beginning. They have reported the situation to the county traffic bureau and the public security bureau many times, but the problem cannot be solved. They have no choice but to take measures to stop the operation in order to protect their legitimate rights and interests.

　　Guo Shiling, director of the Yongdeng County Transportation Bureau, told reporters that the illegal taxi operators are mainly some private car owners in the county seat. In order to subsidize their own car expenses, they secretly engage in illegal passenger-carrying business, and the operating time and location change at any time. Even if they are caught by law enforcement officers of the transportation department, according to the relevant provisions of the "Regulations of the People’s Republic of China on the Administration of Road Transport", they can only be fined, but not revoked driving licenses and driver’s licenses, which will not play a deterrent role. As a result, there is a vicious circle of illegal taxis being "caught and fined, and fined and released" by the transportation department.

　　Guo Shiling said that although the traffic management department has difficulties in law enforcement, such as difficulty in obtaining evidence and limited penalties, the county transportation bureau has been stepping up its crackdown. On Nov. 5, just before the taxi strike, the county transportation bureau, together with the Yongdeng County Traffic Police Brigade and the Yongdeng County Administrative Law Enforcement Bureau, issued the "Implementation Plan for Regulating County Traffic Order" to carry out "100-day rectification actions" to crack down on illegal activities, including illegal taxi operations.

　　As of press time, taxis in Yongdeng had not resumed normal operations. Ma Jiangshan and other strike drivers said they would continue to strike until the county authorities could give them a clear time to crack down on illegal taxis.

　

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Editor in charge: Li Dan

In today’s era when technology is changing with each passing day, the automobile industry is also undergoing unprecedented changes, and electric vehicles (EV) are becoming a new technology hotspot. Xiaomi Group, a technology giant that started with smart phones, has now officially entered this highly competitive field. In March 2021, Xiaomi announced that it would enter the automobile industry. Since then, the progress of Xiaomi Automobile has been receiving much attention. Now, with less than half a year to go before the mass production of Xiaomi’s first car, Lei Jun, founder, chairman and CEO of Xiaomi Group, announced that it will hold a Xiaomi car technology conference at 2 pm this Thursday, which will be the first official appearance of Xiaomi car.

The technical conference of Xiaomi Automobile is a milestone, which marks the official debut of Xiaomi in the automobile industry. Although the theme of the conference is technology rather than products, it still shows that Xiaomi has made remarkable progress in automotive technology and is ready to share these achievements with the public and the industry. Lei Jun’s circle of friends further emphasized the importance of this point, and his words revealed his confidence in Xiaomi’s automobile technology.

Before this conference, Xiaomi Auto’s official social media account has been launched, which indicates that Xiaomi Auto’s brand building and marketing activities have started, and Xiaomi is preparing to enter the vast auto market. In the latest Catalogue of New Energy Vehicles Exempted from Vehicle Purchase Tax issued by the Ministry of Industry and Information Technology, the information of Xiaomi’s first model SU7 was officially disclosed, which further deepened the public’s expectation for Xiaomi.

The technical parameters of Xiaomi SU7 show Xiaomi’s ambition in electric vehicle technology. Two kinds of battery packs with different capacities and different cruising ranges, as well as technical support to BYD and Contemporary Amperex Technology Co., Limited, two major battery manufacturers, all show Xiaomi’s in-depth research and cooperation in battery technology of electric vehicles. In particular, the options of different battery capacity and different vehicle kerb quality provide responses to different market demands.

Judging from Lei Jun’s promise, Xiaomi Automobile will show cutting-edge technology and high-level manufacturing capability when it is released. This commitment is not only a strong signal to consumers, but also shows the automobile industry that Xiaomi is a new competitor with foresight and strength. Xiaomi’s brand influence and successful experience in the field of intelligent hardware may bring new innovation and vitality to the automobile industry.

All in all, the upcoming technical conference of Xiaomi Automobile is a key moment in Xiaomi’s journey into the automobile industry. It will not only show Xiaomi’s latest achievements in automotive technology, but also lay the foundation for the market launch of Xiaomi’s first mass-produced car. With the official appearance of Xiaomi Automobile, we have reason to expect how Xiaomi will show its innovative spirit and technical strength in this new field full of challenges and opportunities.