月度归档 2024年7月16日

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Smart TV, no one survived

Since the birth of the electronic TV in 1927, the global sales crown at every stage has been a leader in new technologies. From CRT to rear projection, from plasma to LED, Sony, Panasonic, and Samsung have taken turns dominating the global TV market.

The TV industry has always been dominated by technology, following the law of technological innovation, technological maturity, and a natural decline in product prices from high to low.

Until Xiaomi TV appeared and bombarded the market with low prices, the market law was once broken. The market trend changed rapidly, and the idea of technological breakthrough was replaced by competition for low prices. Domestic brands were dragged into the quagmire of price wars, which also artificially increased the difficulty for future high-end.

Xiaomi’s entry into the TV industry is not just a product, but a model.

In October 2013, the first Xiaomi TV went on sale, and only 18,000 units were sold until the end of the year. The total sales volume of the domestic color TV market was about 47 million units that year, and the market share of Xiaomi TV was only about 0.03%.

At that time, China’s per capita disposable income was only 18,311 yuan, and the price was still the top consideration for most domestic consumers to buy TVs. In China, rising stars such as Hisense, TCL, and Skyworth have left behind the slightly outdated Changhong technology. Although Japanese and Korean high-end brands have no match in the global market share, they are difficult to maintain the forefront in the Chinese market.

In the hearts of many consumers, Japanese and Korean TV brands are truly high-end. Sony and Samsung entered the industry early, with global leadership in patents and technologies and strong brand power. They have also gained higher premiums from it.

At that time, the technology of domestic brands was still growing, and foreign brands were "high and low", leaving a huge gap in the market.

With the launch of Xiaomi TV 2, Xiaomi TV sales exceeded 300,000 in 2014, entering people’s attention at a growth rate of 16 times. Xiaomi Internet + cost-effective play is suddenly enlightened.

Based on deep customization, MIUI TV transforms not only rice noodles, but the entire traditional TV client base, as well as the "Internet surfing" family.

Ambitious Xiaomi, a TV industry recruit with neither technical expertise nor strong brand appeal, has chosen its usual low-priced approach without suspense.

The first generation of Xiaomi TV has a 47-inch 8.4mm narrow frame, selling for only 2999 yuan. At the press conference, the Xiaomi-style slogan reappeared: "The first TV for young people"; perhaps it was consumers who waited and saw the new brand, which led to the first generation of Xiaomi TV’s listing being cold, while the second generation of Xiaomi TV pushed the price of the 40-inch ultra-narrow frame smart TV to 1999 yuan. This time, Lei Jun quickly made many friends.

In 2013, Internet TVs accounted for less than 1% of the domestic market. In an era when the Internet was developing rapidly and the smart TV industry had a market gap, Xiaomi TV used the Internet model to slash product prices.

The Internet ecosystem can become the main channel for Xiaomi’s TV profits, and the demand for hardware profits can be minimized, which almost replicates the way its mobile phones play and is also the model that Xiaomi is accustomed to.

Opponents have difficulty building an Internet ecosystem that can rival Xiaomi in a short period of time, and there is a relative lack of profit points other than hardware. The reason why first-tier domestic brands such as Hisense and TCL were able to successfully bring Changhong down lies in the great progress of exclusive technology until it surpasses. Xiaomi does not use technology to crush the market, but uses extremely low prices to drag opponents into unfamiliar battlefields.

The price is the appearance, and the support point is the Internet ecology. With Xiaomi TV becoming the domestic sales champion in 2019, the Xiaomi model has become the object of imitation in the industry, and the product price has become the focus of attention in the industry.

This has also indirectly led to an increasing number of peers prioritizing technological research and development over lowering product prices.

A team of domestic traditional TV brands began to make up for their shortcomings, each building a TV OS ecosystem based on it, increasing their profit points, and finally further reducing their hardware prices.

The price war is intensifying, consumers and brands are fixated on product prices, but fewer and fewer people pay for technology, craftsmanship and quality, and TV products are gradually "fast food".

At the same time, due to factors such as the relatively high cost of hardware due to brand identity and configuration of cutting-edge technologies, and the lack of profit points other than hardware in the Chinese market, foreign big-name TVs are gradually marginalized in the domestic low-end market.

According to Aowei Cloud Network data, only two foreign brands, Philips and Sony, ranked 8th and 10th among the top ten domestic TV sales in 2019, with sales of only a few million units, about one-tenth of Xiaomi’s.

Xiaomi TV has not only dragged domestic competitors into a price war, but also allowed foreign brands to further tilt their focus towards the high-end market in China.

With the traditional domestic TV brand Internet ecology, online channel construction and other shortcomings made up, no one has an absolute advantage in this price war, and some "micro-exercises" have begun to prevail. Real and fake 4K, old architecture towing new machines and other mixed industry chaos are frequent.

To some extent, this is a manifestation of manufacturers’ cost compression to the extreme.

In Q3 2022, Xiaomi’s internet service revenue was only 7.10 billion yuan, only about 10% of total revenue, and hovered between 7 billion yuan and 7.30 billion yuan for the sixth consecutive quarter, apparently not helped by hardware growth.

Internet revenue, as a fulcrum for Xiaomi TV to maintain low prices, may not be as strong as expected.

Once imitating the Xiaomi model, no one has succeeded in turning the Internet ecosystem into a revenue driver, while technology research and development has regained attention.

Consumption is under pressure, and brands that once pursued cost-effectiveness have seen an upward demand. The tide of high-end products has swept in, and low-end products have gradually become a painless spray.

Millet-style inner roll once triggered domestic peers to "actively go down", and the price melee undoubtedly solidified the "taste" of some users, and the brand was difficult to get out of trouble for a while.

Nowadays, brands that are proficient in going down have to consider how to go up.

Going high-end also means entering the home court of foreign brands.

Before 2016, Samsung also actively deployed low-end products in the Chinese market. However, as the price war intensified, domestic brand prices further declined, and online channels were already weak. Coupled with the lack of ecosystem in the Tizen system, Samsung TVs gradually fell short of their capabilities and completely withdrew from the price war stage. Since then, they have ranked last in the Chinese market for a long time.

The price war has squeezed Samsung and Sony out of the low-end market, and also stimulated them to completely move towards high-end. The industrial chain behind them also forms a virtuous circle around high-end.

The high premium of high-end products brings higher profits to the industrial chain. Theoretically, the investment in R & D can also be higher than the industry average to create cutting-edge technologies and consolidate high-end positioning. This is the logic of the industrial chain of high-end brands.

The Xiaomi model is completely different. By reducing the price of hardware to the extreme, the profit of the industrial chain is also reduced, which indirectly suppresses the technological progress of the industrial chain.

The cost-effective model is inherently unsustainable, prompting brands to rise; consumption is under pressure, the market is shrinking overall, and it has become more urgent for brands to raise demand.

Omdia data shows that global TV sales in the first three quarters of 2022 were 143 million units, down 4.4% year-on-year. TrendForce released data late last year, expecting global TV shipments to 202 million units last year, down 3.9% from 2021 and the lowest in nearly a decade.

The overall shrinkage of the TV industry has become a foregone conclusion, and domestic brands with an absolute share advantage in the domestic market have not shown a similar one-sided strong performance in the global market.

In the first three quarters of 2022, Xiaomi TV ranked fifth in the world with a 6.5% market share, and Samsung led the global TV sales list with an absolute advantage of over 20% market share.

Obviously, the "three-star model" is better.

The novelty brought to users by TV intelligence has long been gone, and Internet expansion has become a regular standard. As mentioned earlier, Xiaomi, which got up early, and the domestic brands that followed suit, failed to change the situation of low Internet revenue, but instead suffered brand damage in the price war.

Another drawback of the Xiaomi model is the potential for quality control after extreme price compression.

In May 2022, Xiaomi TV was exposed that the screen automatically fell off, and it was launched twice in three days, which once attracted widespread attention. In recent years, problems such as black screen and main board have also been complained by many Xiaomi TV users, and there is even a joke on the Internet: If it is over-insured, it will be bad.

Brands that have participated in the price melee have also frequently encountered similar quality control problems, but some brands can improve the problem to a certain extent by relying on their own production lines. In the fully OEM model, the quality control initiative is divided into two, and the extreme price compression will undoubtedly make things worse.

The frequent occurrence of quality control problems is extremely unfavorable for the brand to rise, and it relies heavily on the integration of third-party resources, and only "micro-innovation" to maintain fast-paced product iteration is not very helpful for technological development.

Comparing the data of the past four years, it is not difficult to find that although the market as a whole continues to shrink, the top ten rankings of global market share have hardly changed. In other words, relying on cost-effective tactics to kill the four parties in China, it is difficult to "eat all the sky in one move" in the global market.

Xiaomi TVs, which have often won sales in the domestic market in recent years, have been suppressed by TCL and Hisense in the global market. In the first three quarters of last year, TCL ranked third with a share of 11.7%, and Hisense ranked fourth with a share of 10.1%, continuing to lead Xiaomi.

The exclusive technological breakthrough has become a stepping stone to the high-end market of Hisense and TCL.

TCL has made technological breakthroughs in quantum dots, Mini LED, etc. to develop new display technologies; Hisense is also a major promoter of Mini LED, and it is a leader in the field of laser TV, accounting for 49.5% of the global laser TV market share in the first half of last year.

In terms of price, the flagship product of Hisense Laser TV is close to 100,000 yuan, the flagship of 8999 yuan flat-screen TV is "only" 85 inches, while the price of Xiaomi’s 86-inch flagship ES Pro is 7999 yuan, and Redmi’s 86-inch EA Pro is 5999 yuan.

The launch of Redmi has not allowed Xiaomi’s own brand to rise confidently, but has instead made Xiaomi’s TV product line slightly bloated and confused.

Redmi A, X, and MAX series are relatively easy to remember, while Xiaomi’s own brand TV models include Transparent, Master, Quantum Dot, Mural, Digital, EA, and ES series. This "machine sea tactic" reveals the chaotic product thinking of Xiaomi TV.

Users are easily confused when purchasing, and even if they recommend it to others, they are prone to misremember the model. It can be said that their ability to distinguish and remember is being tested.

The product line confusion is just a symptom of the Xiaomi model. At most, Xiaomi is not well-prepared to rise, which has limited impact on its high-end.

However, Xiaomi users’ perception of the brand’s value and the "Xiaomi model" that has long relied heavily on the supply chain have led to a relatively lack of exclusive technology, which may drag down the high-end process of Xiaomi TV for a long time.

The aftershocks of the price war have affected the high-end TV industry, which is not special. Manufacturers with comprehensive capabilities have always been the protagonists.

Compared with the "Xiaomi model", the "Samsung model" easily wins because of its advantages in technology, brand, global channels, and long-term important role in the upstream supply chain.

Similarly, domestic leading brands such as Hisense and TCL also place great emphasis on comprehensive development. The difference is that the price war has directly stimulated the traditional domestic brands to make up for the shortcomings of the Internet ecosystem. Their low-end product lines already have a strong cost-effective foundation, while brands with exclusive technical routes are undoubtedly more prominent.

The high and low ends are strong enough, and in the context of consumption pressure, it is undoubtedly a two-handed preparation. The "Hisense, TCL model" seems to be more sustainable.

As products move towards high-end, brand temperament also needs to keep up. Although controversial advertising slogans catch the eye, they run counter to high-end, which is not conducive to growth. In the past four years, global TV sales have been solidified, and domestic brands may need to put more thought into improving their overall strength.

Just like the way it came, it relies on step-by-step technological accumulation rather than loud slogans.

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Rich off-road configuration, the dark blue G318 will be officially launched today

  [Autohome] information] A few days ago, we learned from the official,Dark Blue G318(parameter|inquiry) will be officially launched today (June 13). The car is positioned as a mid-to-large SUV, with a load-bearing body, extended range power, OurHours four-wheel drive system and double differential locks. The dark blue G318 also offers a wealth of original expansion parts, including luggage racks, spotlights, electric pedals, spare tires, and more.

Dark blue car, dark blue G318 2024, high-end version

Dark blue car, dark blue G318 2024, high-end version

Dark blue car, dark blue G318 2024, high-end version

Dark blue car, dark blue G318 2024, high-end version

Dark blue car, dark blue G318 2024, high-end version

  In the exterior part, the car adopts a hard off-road square box shape, the front face is equipped with a generous front surround and an overall blackened design, and the C-shaped headlights on both sides are embellished to show a tough and sporty styling atmosphere. In addition, the dark blue G318 also has a roof searchlight, which can provide a 250m 2 illuminated area, and is combined with the luggage frame to reflect the refinement of the original accessories.

Dark blue car, dark blue G318 2024, high-end version

Dark blue car, dark blue G318 2024, high-end version

  On the side of the body, the new car still maintains the tough and straight line shape, and is equipped with widened off-road guards on the side skirts and front and rear wheel eyebrows of the vehicle. The dark blue G318 adopts the shape of 18-inch five-spoke rims, and the thick banner is similar to the anti-drop rims. According to the official, the dynamic load-bearing capacity of its roof rack can reach 80kg, and the static load-bearing capacity is up to 300kg. It can also be equipped with an optional roof tent to expand the upper and lower double-layer space to accommodate five people to rest.

Dark blue car, dark blue G318 2024, high-end version

Dark blue car, dark blue G318 2024, high-end version

  At the rear of the car, the dark blue G318 takes the theme of "Space Gate", and forms the main body through the rear window glass and the black parts below. At the same time, the two sides of the volume extend and intersect to form a lifting structure, forming a stable and powerful support for the tail. The solid and heavy surrounding shape is matched with a full-size external spare tire, which makes the vehicle attributes of hard off-road unique. In addition, the car will also be equipped with original trailer hooks and high brake lights to further ensure off-road driving safety. In terms of body size, the length, width and height of the car are 5010/1985/1960mm respectively, and the wheelbase is 2880mm.

Dark blue car, dark blue G318 2024, high-end version

Dark blue car, dark blue G318 2024, high-end version

Dark blue car, dark blue G318 2024, high-end version

Dark blue car, dark blue G318 2024, high-end version

Dark blue car, dark blue G318 2024, high-end version

Dark blue car, dark blue G318 2024, high-end version

Dark blue car, dark blue G318 2024, high-end version

  In terms of interior design, the overall design concept follows the hard-edged off-road style, with a large area of square contour lines shaping a thick center console shape. With a large number of physical buttons, wide and thick stops, and hollow handrails, it is convenient to operate functions in various driving conditions and is also conducive to the safety of the car. In addition, the car is also equipped with a large-sized instrument screen and a 14.6-inch central control screen, creating a good sense of technology.

Dark blue car, dark blue G318 2024, high-end version

Autohome

Autohome

  It is worth mentioning that the car also offers a one-button flat seat design, the trunk volume can be expanded from 818L to 1747L, and 31 storage spaces are provided, providing strong flexibility and ductility in the car.

Autohome

Dark blue car, dark blue G318 2024, high-end version

  In terms of power, the Deep Blue G318 will be equipped with an extended range power system. The 1.5T turbocharged engine can output a maximum power of 150 horsepower, and is divided into two versions: single motor and dual motor. The maximum power of the single motor version is 185kW; the front and rear dual motor four-wheel drive version models, the maximum power of the front motor is 131kW, the maximum power of the rear motor is 185kW, and the total power of the system is 316kW. The comprehensive battery life of the car reaches 1000km, and the pure electric battery life under CLTC conditions is 190km. It is reported that the fuel consumption of the vehicle can also be 6.7L/100km (CLTC) when the power is exhausted. In addition, the chassis of the car adopts a double fork arm + multi-link suspension system, and is equipped with OurHours four-wheel drive system and double differential lock, as well as 6kW external power discharge function. (Text/Autohome Yao Yu)

Rich off-road configuration, dark blue G318 will be officially launched today Autohome
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Geely’s "New Strength National Coupe" Binrui COOL is officially listed

  On May 20, Geely Automobile’s "New Strength National Coupe" Binrui COOL was officially launched, and the new car launched a total of 3 models: Fengchi Edition, Electric Switch Edition and Thunder Edition. The official guide price is 94,800 yuan – 109,800 yuan.

Geely "new strength national coupe" Binrui COOL officially listed _fororder_image001 copy

  As Geely’s A-class sports coupe designed for young consumer groups, Binrui COOL has further established Geely’s leading advantage in the field of Chinese brand sports cars by virtue of its cool and stylish appearance, "fast, fierce and provincial" super power, and leapfrog and rich intelligent safety configuration, and has become a new benchmark in the A-class sports car market segment.

  At the same time as announcing the price, Geely Automobile also launched five "ruthless angle exclusive rights". All users who buy Geely Binrui COOL can enjoy five benefits such as "first enjoy and then pay package", "super double package", "strong financial package", "rejuvenation energy package" and "worry-free car package".

Geely "new strength national coupe" Binrui COOL officially listed _fororder_image002

  Adopt the racing storm design language to lead the new fashion of the A-class coupe

  As a "new strength national coupe" specially created by Geely Automobile for young people, Geely Bingrui COOL adopts the design language of "racing storm" based on the evolution of "energy storm", and integrates the sense of speed and sports into the body details, highlighting the "fierce" youthful trend atmosphere.

Geely "new strength national coupe" Binrui COOL officially listed _fororder_image003

  In terms of appearance, Geely Binrui COOL has the iconic wide-body low-lying body posture, Fastback slip back shape, galloping high waist line and flying spoiler tailgate. The streamline of the roof follows the direction of the wind and presses down to the rear wing, bringing ultra-low wind resistance and more efficient air drainage, which is highly impactful in visual effect. In order to better fit the positioning of "ruthless car", Binrui COOL also adds wind-pulling performance elements such as a broken front tail, bilateral real exhaust, blackened wind-chasing wheels and yellow performance calipers, which are more in line with the individual preferences of young users. In the body color scheme, Geely Binrui COOL fully considered the attitude expression of young consumer groups, and launched five bold and escape-free exclusive color schemes such as ruthless green, energetic lemon, hunting red, racing gray and chasing white.

Geely "new strength national coupe" Binrui COOL officially listed _fororder_image004

  In terms of interior, Geely Binrui COOL adopts the design concept of "Energy Awakening Cockpit", and the variable contrasting color design of Phantom Orange, Storm Grey and Hard Green echoes the young and sporty body color scheme. The center console of the new car adopts a suede-like contrasting color trim, and the front door guard is integrated with a 72-color streamer ambient light. Users can set the scene mode in the car according to their preferences. The 10.25-inch full LCD instrument and 12.3-inch central control screen are combined to form a super-sensory suspension dual screen. It adopts a suspended three-dimensional design. The central channel comes with a variety of storage space. Hundreds of different combinations can be realized in 10 slots for 3 inserts, which can meet the needs of item placement in an all-round way. The volume of storage space in 6 sub-dashboards reaches 15.3L.

  In terms of details, Geely Binrui COOL has adopted a ring-shaped competitive seat and a newly upgraded racing electronic gear lever, presenting a strong sports competitive atmosphere that instantly ignites the driver’s driving passion.

  Geely Galaxy OS system, L2-level intelligent driving blessing, leading the industry in intelligent safety configuration

  In terms of intelligent interconnection and driving control safety, Geely Binrui COOL is also "ruthless". The new car is equipped with Bosch ESP9.3 body stability control system, Geely Galaxy OS system, electric anti-clip sunroof, etc., which brings users a leapfrog consumer experience.

Geely "new strength national coupe" Binrui COOL officially listed _fororder_image005

  In terms of smart technology, Geely Binrui COOL has fully considered the needs of young consumers for intelligent interaction and technological convenience. It is equipped with a 12.3-inch HD high definition touch screen with a resolution of 1920 × 720, and is equipped with Geely Galaxy OS system. It adopts E02 chip, industry-leading 12nm advanced process technology, 8-core CPU, 6G memory, 64G storage, to achieve smooth and convenient operation like a mobile phone. Geely Galaxy OS system integrates intelligent AI voice control, mobile phone smart Bluetooth key, APP remote vehicle control, 4G WiFi high-speed Internet access, Autonavi map and many other functions into daily car scenes. In the future, more ecological applications will be introduced through FOTA global upgrade to further enrich and expand the application experience.

Geely "new strength national coupe" Binrui COOL officially listed _fororder_image006

  In terms of driving safety, Geely Binrui COOL is equipped with a "ten-in-one" Bosch ESP 9.3 body stability control system, which provides users with a faster response to corrections in emergency situations and more accurate body dynamic control, providing driving safety. At the same time, the new car is equipped with L2-level intelligent driving assistance, which includes functions such as ICC intelligent pilot system, ACC S & G start-stop full-speed adaptive cruise system, TJA traffic congestion assistance system, and LKA lane departure assistance system, which can achieve lane keeping and automatic following within 0-150km/h, which can effectively relieve driver fatigue; ELK emergency lane keeping assistance, TSR traffic sign intelligent recognition, IHBC far and near light adaptive system and other active safety configurations, which integrate camera and navigation information, can recognize speed limit signs, automatically adjust far and near light, and ensure the safety of drivers and passengers at all times; AEB-P/C urban pre-collision safety system can automatically identify vehicles, pedestrians, and two-wheeled bicycles, timely warning and intelligent braking, effectively avoiding vehicle accidents. With 540 ° panoramic image + transparent chassis, real-time look around the car to avoid scratches, dynamic route assistance, easy to deal with daily car scenes such as reversing and outbound.

Geely "new strength national coupe" Binrui COOL officially listed _fororder_image007

  In terms of comfort configuration, Geely Binrui COOL is equipped with an antibacterial steering wheel, an electric anti-pinch sunroof, a fully automatic constant temperature air conditioner, a new discharge trend, an active cockpit air cleaning system, an AQS air quality management system, and an ION negative ion generator. With the car-grade CN95 air conditioner filter element, it creates a safe and comfortable driving space.

  The first Geely Jinqing 1.5TD high-efficiency power system, the power level leapfrogging

  In terms of power, Geely Binrui COOL is the first to ride Geely Jinqing 1.5TD high-efficiency power system, with a zero-hundred acceleration of 7.1s, a starting response of only 0.2s, and a 100-kilometer fuel consumption (WLTC) as low as 5.9L. It has three core advantages of "fast, fierce and provincial". The power level leaps ahead, interpreting the "ruthless car" style of the A-class sports coupe leader.

Geely "new strength national coupe" Binrui COOL officially listed _fororder_image008

  The Geely new generation of Jinqing 1.5TD high-pressure direct injection engine equipped by Binrui COOL has a maximum power of 133kW and a maximum torque of 290N · m. Its power performance exceeds the mainstream 1.8T and is comparable to the low-power 2.0T engine. Thanks to 13 key component technologies and 9 low-friction technologies, Binrui COOL has the best high-efficiency fuel-saving technology in the same class, with a fuel consumption of only 5.9L per hundred kilometers (WLTC). In order to provide users with faster and more extreme power response, this 1.5TD high-pressure direct injection engine adopts "black technology" such as "Geely Ailos" combustion system, 350Bar mid-mounted high-pressure direct injection system and small inertia electronically controlled supercharger, which brings the fastest 0.2s fast start response in the same class. In the blink of an eye, people and vehicles can be integrated and the car can move at will.

Geely "new strength national coupe" Binrui COOL officially listed _fororder_image009

  In terms of transmission system, the new generation of 7-speed wet dual-clutch transmission equipped by Binrui COOL has a maximum transmission efficiency of 98% and a comprehensive transmission efficiency of 95.5%. Compared with the mainstream wet dual-clutch transmission in the industry, the transmission efficiency is increased by 3 to 7%, which effectively improves the power performance of Binrui COOL in the initial stage. Thanks to the efficient heat dissipation system, the transmission can support a maximum torque output of 300N · m at peak, and the gear shift is precise and smooth. In addition, this transmission is also the first transmission developed in China according to the AUTOSAR system architecture and complies with the ISO26262 international safety standard. It has higher transmission efficiency, better NVH performance and higher manufacturing accuracy.

Geely "new strength national coupe" Binrui COOL officially listed _fororder_image010

  As one of the representative works of Geely’s young car, Binrui COOL aims to provide a super-combustible, interesting and enjoyable driving experience for young consumers in China. At present, the domestic A-class sports car market is the "new blue ocean" of the car category. The listing of Binrui COOL will reshape the market standard of this segment, lower the threshold of the coupe market, and lead China’s performance car from the niche to the masses, so that every young person has the opportunity to drive a "coupe". In addition, Binrui COOL will further enhance the competitiveness of Chinese auto brands in the 100,000-class sports car market with its leapfrog product power and super quality-price ratio, and compete head-on with joint venture sports cars such as Civic. (Geely Automobile, photo)

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Ease the Heat and Drink Healthy – Market Research on Beverage Consumption Season

        The domestic soda brands that triggered the nostalgia trend are back in sight again; low-sugar and sugar-free drinks are sought after by consumers; coconut water has become a hit this year; new tea drinks are constantly up the ante market layout… How is this year’s summer beverage market lively! What are the factors driving these out-of-circle and hot? How are the new changes perceived by consumers happening? What direction will the next beverage market competition focus on?

  The traditional peak season for beverage sales has come to an end since October. Looking back at the summer just passed, the beverage products that cooled down the heat can be said to have "been in the limelight", and the sales volume has also increased rapidly. What is more interesting is that there have been many new trends and new trends in the beverage market in the rapid development. The reporter visited a number of market segments, trying to review the gains and losses of this summer’s beverage market.

  Nostalgic wind and fire domestic soda

  Soda is widely favored by consumers as one of the "tools" to relieve the summer heat. Judging from the consumption of soda this year, although Coca-Cola and Pepsi continue to occupy a strong position, domestic soda is also gradually "breaking the circle". According to Meituan data, as of the end of August, the instant retail sales of major domestic soda brands such as Shanhaiguan, Bawangsi, Second Factory soda, Arctic Ocean, Asian soda, Laoshan soda, Tianfu Cola, Zhengguanghe and so on increased by 47% year-on-year.

  Since the early 1990s, imported soda brands have been "top the chart" in the carbonated beverage market for many years, and still maintain a market share of more than 80%. But since last year, some domestic soda brands have found new ways in the cracks, and the starting point of "fate gear rotation" is the expansion of catering channels.

  With the vitality of food and beverage consumption this year, the sales of domestic soda have ushered in an upswing period. In restaurants, whether it is eating hot pot or ordering barbecue, a bottle of domestic soda has gradually become the first choice for consumers. Lao Luan, who runs a barbecue shop in Tiexi District, Shenyang City, Liaoning Province, said that the large-packaged glass soda of the Dayao brand is the most popular in the store. At present, the monthly sales volume of several hundred bottles is far higher than that of other traditional brands of soda. Lao Luan believes that affordability is the main reason why large bottles of soda sell well.

  There are not only big kilns, but also Bingfeng. As a local soda brand in Shaanxi, Bingfeng soda, Liangpi, and Roujiamo form the "Sanqin Package", which has become a must-have product in restaurants and supermarkets in the streets and alleys of the ancient city of Xi’an.

  In addition to focusing on local market demand, domestic soda is also expanding in the national market. As of the end of August, the sales of Asian soda in Guangzhou increased by 41% year-on-year outside the province; the sales of Laoshan soda from Qingdao increased by 39% year-on-year outside the province; the sales of Hongbaolai soda from the northeast in the Beijing market have been on par with the local market, with a year-on-year growth rate of 131%.

  The second factory soda from Wuhan held two press conferences during this year’s peak sales season. The first one focused on the local market, and the second one looked at the national market from the Beijing area. The relevant person in charge of the second factory soda told reporters that there is a great demand for domestic soda in the market. The second factory soda achieved sales of more than 20 million yuan in July and more than 30 million yuan in August this year. "Consumers like to add fruit juice, which has both high quality and cost-effective products," the person in charge said.

  Although domestic soda has begun to "break the circle", it still needs to climb over the hurdle in order to achieve better development. Industry insiders pointed out that compared with imported brands, domestic soda has limited funds, making it difficult to support the continuous promotion of brands and channels. As consumers iteratively update, domestic soda brands still need to seek new breakthroughs in corporate management and product quality.

  Sugar-free tea is in the limelight

  Compared with the domestic soda that is still seeking breakthroughs, the sugar-free tea market that has been quiet for many years has ushered in explosive growth due to the trend of "sugar reduction".

  Before the reporter’s visit, the last bottle of sugar-free Pu’er tea in the freezer was bought by customers. "Customers of all ages can buy sugar-free tea drinks," Mr. Zhang said. "The Pu’er tea flavors have been sold out, and there are still two bottles of jasmine tea flavors left, which can only be replenished tomorrow." Wang Yu, a consumer who keeps sugar-free drinks in his home fridge, summed up the reason for choosing sugar-free drinks as "I am afraid of being fat and want to drink some tasty water".

  As consumers become increasingly health-conscious and demand for healthy consumption grows rapidly, "sugar reduction" is gradually becoming the consensus in the global food consumer market. Changing consumer attitudes towards sugar intake are affecting the position of sugar-free beverages in the beverage market from the bottom up. In the beverage market, various products are also being designed to switch from high sugar to low sugar and no sugar.

  According to iiMedia consulting data, from 2015 to 2022, the market size of China’s sugar-free beverage industry will increase year by year, from 2.26 billion yuan to 19.96 billion yuan, and it is expected to reach 61.56 billion yuan in 2025. Especially sugar-free tea products are becoming a new trend in the sugar-free beverage market. Taking Nongfu Spring as an example, its revenue in the first half of 2023 was 20.462 billion yuan and profit was 5.775 billion yuan. Its tea beverage segment revenue reached 5.286 billion yuan, an increase of 59.8% year-on-year.

  "The sugar-free tea track still has huge room for imagination. At the same time, it also shows from the side that the Chinese beverage market has recovered well and is accelerating its development." The reporter found in the interview that this has become the consensus of many industry insiders.

  Looking back at the development of sugar-free tea, as early as 2004, the "King of Tea" brand under the unified subsidiary tried to test the sugar-free tea beverage market, and then a number of beverage giants including Coca-Cola, Nongfu Spring, Master Kong and others also entered this field one after another. But at that time, consumers preferred sugar-sweetened tea drinks mixed with sweet and fruity flavors, and the marketing activities of sugar-free tea products were difficult. Today’s popular "Oriental Leaf" has been ridiculed by netizens as "one of the five worst drinks" for a long time.

  After years of waiting, sugar-free tea has finally ushered in the development of "Dongfeng". The sugar-free tea product itself is in line with the tea drinking habits of domestic consumers, and the characteristics of zero sugar and zero fat make it more acceptable to consumers.

  In order to keep up with consumer demand, this year, major brands have also entered the sugar-free tea market, including Yuan Qi Sen Lin, Master Kong, Dongpeng, Yili, Panpan and other brands have launched new sugar-free tea series one after another. In addition to those "old acquaintances" in the beverage market, the sugar-free tea market has also attracted many new players. Taking the JD.com platform as an example, you can see that a number of new brands such as Tea, Tea, Rising Sun Forest, Dayido, Linlong Tea Room, and Keyang have entered the market.

  In the opinion of Qian Junjie, a commodity development expert at Dingdong Maicai, healthy and natural products have become the leading consumer in the beverage market, and this demand is rapidly being transmitted from first-tier cities to second- and third-tier cities. He told reporters that the average annual sales growth rate of sugar-free tea on the Dingdong platform is around 50%, and this data is expected to exceed 100% this year.

  The new tea drink continues to be "rolled in".

  Zhao Zhiqiang, from Hebei, has spent a month scouting the market in Tianjin to join a new tea brand that has recently become very popular. Before speaking to reporters, he had just missed a store in a shopping mall in Tianjin. "I went to check the location in the morning, but I didn’t expect to be told to rent it out in the afternoon." Zhao Zhiqiang said that the deposit for joining the brand has now been paid, but the specific store location has to be found by yourself. In the process of looking for a shop, Zhao Zhiqiang found that there are more and more new tea stores now. It is not easy to find a shop with the right location, flow of people and price.

  According to the "2023 New Tea Drinks Research Report" released by the China Chain Store Association and Meituan, as of August 31, the total number of new tea stores in operation was about 515,000, an increase of more than 36% from the 378,000 at the end of 2020.

  "Not only top brands, but also waist brands are opening up faster," Wang Hongtao, executive deputy secretary-general of the China Chain Store Association, told reporters. On the one hand, the recovery in consumption has brought an increase in demand, giving investors more confidence to participate in the new tea industry. On the other hand, brand companies have begun to adjust their business models and gradually open up franchise to promote the improvement of brand stores.

  At the end of last year, HEYTEA, the head brand of new tea drinks, announced the opening of franchise. According to media reports, the number of HEYTEA stores quickly reached 2,000 in the next six months, an increase far exceeding the total number of stores opened in the past few years. Not only HEYTEA, but more and more new tea brands have announced store opening plans during the year, and some brands have directly pointed to the "10,000 Store Plan".

  In early August, Bawang Chaji, a tea brand founded in the southwest region, announced that it began to enter shopping malls in the urban area of Beijing. According to the information released by the brand, from August 4th to 6th, the store sold a total of 11,230 orders, totaling more than 200,000 cups of milk tea.

  In addition to competing for the number of stores, tea brands also "roll in" prices. The "2023 Beverage Industry Spring and Summer 1000 + New Product Analysis Report" shows that from March to June this year, Meituan takeaway new product quantity price belt distribution, 13 yuan to 17 yuan accounted for 30%, followed by 17 yuan to 20 yuan accounted for 21%. It can be seen from the data that consumers are more sensitive to price, and cost-effective products will gradually become the mainstream of the market.

  At the end of August, Nayuki launched the "9.9 yuan drink fresh milk tea" activity, sounding the horn of a new round of price war for new tea drinks. After that, many brands followed suit one after another, and different brands’ products went from a weekly limited 9.9 yuan product, "rolled in" to a daily 9.9 yuan product.

  From the number of stores to the price of the products, what makes the new tea market so "involution"? According to the big data of Red Food, from 2015 to 2021, the market size of our country’s freshly made tea drinks increased from 42.20 billion yuan to 141.90 billion yuan, and the market size in 2022 was 142.30 billion yuan, an increase of only 0.3% compared with 2021. The slowdown in market size has exacerbated the intensity of "involution" among brands.

  At the financing level, capital has become relatively cautious about the entry of the tea track. According to the big data of the red meal, a total of 30 financing events were disclosed in the tea category in 2021, and the total amount of financing disclosed exceeded 12.50 billion yuan. In 2022, a total of 26 financing events were disclosed in the tea track, and the total amount of financing disclosed exceeded 4.50 billion yuan.

  Some industry insiders pointed out that after Nayuki went public in Hong Kong, the "second share of new tea drinks" has attracted much attention. In the past year, a number of new tea brands have been rumored to go public one after another. In the context of slowing down the overall financing of the market and fierce competition, especially in the lower-tier market, it is particularly important to seize this opportunity. In this process, it is even more important to rely on opening stores, reducing prices and other methods to rapidly expand scale and acquire more stock markets.

  Wang Hongtao also admitted that once a new tea company goes public, it will have a positive impact on improving its own development level and enhancing its ability to resist risks. At the same time, it will also increase trust and influence when expanding its scale.

  Coconut water and other popular products

  As one of the fastest-growing segments in the food industry, there are a lot of new categories and flavors in the beverage market this year. This summer’s beverage market has been on fire, and the "coconut wind" blowing from the coffee market is a typical example.

  In early 2021, Luckin Coffee launched the "raw coconut latte" product, which replaced the milk in the latte coffee with coconut milk, and the unique taste quickly became popular. Since then, "coconut flavor" has become one of the popular flavors in the beverage market. The reporter’s investigation found that this year, there are not only coconut milk with added coconut meat, original coconut water, thick coconut milk suitable for milk tea, but also functional drinks with added coconut water and coconut-flavored fruit and vegetable juice.

  Among the many "coconut flavor" products, coconut water products can be described as a fire. The "2022 China Beverage Industry Product Report" shows that the frequency of coconut use ranks first among the 40 tea brands sampled, 108 times more than the second-ranked strawberry; in the statistical sample, 92.5% of the brands have new coconut element products. Moreover, the domestic coconut water market has risen from 513 million yuan in 2018 to 780 million yuan in 2022, and it is expected to exceed 1 billion yuan in 2025.

  In Qian Junjie’s view, the natural properties of coconut water itself not only meet the healthy consumption needs of consumers, but also close to the consumption trend of "no sugar".

  According to media reports, the price of coconut water on the market varies, and the price of 330ml and 350ml coconut water is between 7 yuan and 15 yuan. Reporters checked the Tmall platform and found that the top 3 coconut water products are all originated in Thailand. Among them, the highest-selling product 12 bottles (350ml) sold for 78.9 yuan, showing that the sales volume has exceeded 400,000 bottles.

  Food industry analyst Zhu Danpeng said that after nearly five years of market cultivation, the coconut water category has entered a state of booming production and sales, and the consumption scene has entered an all-round diversification cycle. From the perspective of growth space, the entire coconut water category is relatively optimistic, and the coconut water category is worth looking forward to as consumption upgrades.

  The reporter noticed that, unlike coconut milk and coconut milk, coconut water raw materials are mainly coconut green. Some time ago, the topic of "coconut water prices skyrocketed by 4000%" was hot, and the important reason was that coconut green raw materials were in short supply, and old coconut water, which was originally a leftover material, was also purchased, causing prices to rise.

  In addition, at present, the overall output of coconut in our country is still unable to meet market demand, coconut water is highly dependent on external sources, and different regions also have an impact on the flavor of coconut water products. How to improve the layout of the coconut water industry chain is crucial to maintaining product quality and stable development of the industry.

  Packaged drinking water seeks differentiation

  China Beverage Industry Association data show that the output of packaged drinking water in 2022 is about 93 million tons, accounting for half of the entire beverage market output. Operating income returned to 100 billion yuan, and the rigid demand attribute of packaged drinking water became more and more obvious. In the beverage market, the large volume of packaged drinking water also showed the characteristics of price and scale competition this year.

  In terms of price, the average price of 550ml bottled water has risen from 1.66 yuan in 2005 to 2.32 yuan in 2020, indicating that the mainstream price band has been in the late stage of switching from 1 yuan to 2 yuan. Looking to the future, 2 yuan water is expected to remain the mainstream price range, "neck and neck" with 3 yuan water.

  The reporter visited and found that the price competition in the market of purified water and natural water of 1 yuan to 2 yuan is particularly fierce. On the JD.com platform, the same is about 550ml for 24 bottles, the price of Nongfu Spring is 33.9 yuan, Yibao is 34.9 yuan, Wahaha is 33.6 yuan, and Master Kong is priced at 24.9 yuan. Different products can also enjoy different price-break discounts. On the Wumart platform, the price of 12 bottles of the same content of ice dew, pure Yue, pure water music and other products is in the range of 7 yuan to 9 yuan.

  Some FMCG industry insiders told reporters that at present, 1 yuan water in the market is mainly for distribution products, emphasizing market share and basically pure water. 2 yuan water and 3 yuan water are represented by natural water and mineral water products respectively.

  According to the "2022 Mineral Water Consumption Trend Annual Report" released by JD.com Supermarket, natural water accounted for the highest proportion in the bottled water category in 2022, followed by mineral water accounting for 34%. It is worth noting that the sales growth rate of mineral water is 43% year-on-year, higher than that of other bottled water categories. Natural mineral water emphasizes that the origin is pollution-free, rich in minerals, trace elements, etc., to meet the rising demand for healthy consumption today, and is quickly becoming a new focus of bottled water competition. The reporter learned that more and more companies are beginning to label the origin of water injection on natural mineral water products to strengthen their own image. For example, "Luofu Mountains", "Changbai Mountain Water Source", "6000-meter Kunlun Mountain", "Tianchang Wetland Reserve" have become the promotional content of the brand.

  In Zhu Danpeng’s view, enterprises to develop high-end water market, on the one hand, because of the normalization of consumption upgrade, high-end water demand continues to increase. On the other hand, because the competition needs to form differentiation, the development of high-end water market helps to improve brand perception and operating profits.

  There is also large packaged water that continues to maintain a hot topic this year. It has become an important force for major water companies to expand their market volume and explore new growth curves. Some analysts believe that with the fixed household population and the gradual diversification of drinking water scenarios, large packaged drinking water has more advantages in safety and convenience than turnover bottled water. Sullivan data predicts that the compound annual growth rate of large packaged water in household scenarios will reach 17.5% in the next five years, and the compound annual growth rate in office consumption scenarios will reach 10%. This will help large packaged water to have a stable and strong growth momentum in the future and usher in better development. (China Economic Net reporter, Han Xiao)

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China News Network: Zhuhai Taxation: The Power of Taxation Enables Enterprises to Go Steady and Long

China Report (Chen Zanliang, Report) With the in-depth implementation of the "Belt and Road Initiative" initiative, the Guangdong-Hong Kong-Macao Greater Bay Area has accelerated its launch, and Zhuhai enterprises have made every effort to seize new opportunities for future development. Focusing on the implementation of tax cuts and fee reductions, from the perspective of tax management and services, the tax department has helped Meizu, Quanzhi Technology, Ninestar and other enterprises to write the "Zhuhai Story" of open development in the new era, becoming Zhuhai’s participation"Belt and Road Initiative"A new force under construction.

The implementation of tax and fee reduction policies has given enterprises more confidence to "go global"

Since 2019, the tax department has implemented a larger-scale tax reduction and fee reduction, allowing enterprises to reap full dividends. Zhuhai Allwinner Technology joint stock company is a large software enterprise, its main business is the research and development and sales of electronic components and software. It established a wholly-owned subsidiary in Hong Kong, which is a "going global" enterprise of the type of foreign direct equity investment.

It is reported that in order to help enterprises develop and expand overseas markets, the Zhuhai tax department has increased publicity and guidance on policies related to "going global" and tax reduction and fee reduction for enterprises, accelerated the approval of export tax rebates for enterprises, and ensured that enterprises enjoy the preferential tax policies in a timely manner. According to statistics, in 2019, Quanzhi Technology paid more than 4 million less taxes after the value-added tax rate was reduced from 16% to 13%, and paid less than 450,000 yuan for urban construction tax, education surcharge and local education surcharge.

"With the benefits of tax cuts, we are more confident in our hearts. We will use the funds obtained from tax cuts to be used more for technological innovation and R & D investment to improve the core competitiveness of enterprises," said the head of Allwinner Technology.

As a high-tech enterprise, in recent years, the company’s revenue has been around 1 billion yuan, while the annual R & D investment is between 2-300 million yuan. Transforming the dividend of tax policy into innovation-driven strength is one of the secrets for Quanzhi Technology to lead the industry. In order to implement the policy dividend, the tax department of Zhuhai High-tech Zone has organized policy promotion teams to Quanzhi Technology for many times to carry out special policy training and answer difficult questions. "The tax department comes to talk about preferential policies, so we are not afraid of missing any good policies," said the person in charge of finance of the company.

It is understood that since 2019, the Zhuhai Municipal Tax Department, PricewaterhouseCoopers Consulting (Shenzhen) Co., Ltd., the Macao Federation of Industry and Commerce, the Macao Association of Certified Auditors, and CPA Australia have jointly organized the "Tax Service’Belt and Road Initiative ‘".
Jointly build the Guangdong-Hong Kong-Macao Greater Bay Area "international tax policy lecture, nearly 200" going out "enterprises in the city benefited from it, and held a roundtable salon exchange meeting, edited the" Belt and Road Initiative "series" going out "enterprise tax guide, and built the tax department" Belt and Road Initiative "" going out "Enterprise Services team to escort the overseas development and growth of enterprises.

"We invited a team of tax experts from PricewaterhouseCoopers, one of the world’s four largest accounting firms, to provide a comprehensive tax policy interpretation on the latest corporate tax policies in mainland China, personal income tax policies, tax reduction and fee reduction policies, and tax systems in Hong Kong and Macau. At the same time, we exchanged and answered questions on the spot, and opened the pulse for enterprises to" bring in "and" go out "," said Chen Jiahui, deputy chief of the international tax administration department of Zhuhai Taxation Bureau.

"Taxation must take the lead in creating a convenient, efficient and fair business environment, and play an important role on the stage of this era," said the person in charge of the Zhuhai Taxation Bureau. "The tax department will take the construction of the Guangdong-Hong Kong-Macao Greater Bay Area as a new starting point and take active actions to carry out tax services and publicity in a more in-depth and lasting manner, so that’going out ‘enterprises can enjoy the dividends of tax reform and escort and sail forward for Zhuhai’s economic development."

Tracking service professional coaching to make enterprises "going global" more competitive

From the tax authorities, our country has signed bilateral tax treaties, arrangements and agreements with 107 sovereign countries and regions in the world, of which 54 belong to the countries along the "Belt and Road Initiative", providing a legal basis for cross-border investment and business enterprises to enjoy fair treatment in the host country, effectively resolve disputes and safeguard tax rights and interests.

"We have encountered many difficulties in the process of’going out ‘, such as not knowing the tax policy of the host country, not knowing how to use tax treaties to protect the legitimate rights and interests of enterprises, etc. The Zhuhai tax department has given enterprises a lot of help in this regard."
Ninestar joint stock company CFO Chen Lei introduced to reporters,

Ninestar joint stock company’s main business is general printing supplies, chips and other components, in the acquisition of Lexmark International Limited encountered many cross-border transactions tax issues.
"Lexmark is a world-renowned printer manufacturer and occupies an important position in the field of high-end printers. During the acquisition of Lexmark by our group company, the financial and tax structure of the US company was very complex, and the professional guidance of Zhuhai tax experts helped us solve the problem smoothly," Chen Lei said.

After learning about the situation of enterprises’ foreign investment, the Zhuhai tax department learned about the problems faced by enterprises and the need to obtain foreign-related tax support, and took the initiative to track services to help enterprises clarify their tax obligations in transaction links, such as income tax and stamp duty involved in equity transfer, income tax and various turnover taxes involved in asset transfer, tax laws of other countries for buyers to withhold and pay taxes, etc., and provided policy guidance to enterprises on dividends, interest, and dividend dividend credits, providing tax law protection for the enterprise to "go global", and providing a full range of tax policy guidelines and a series of meticulous high-quality services for overseas investment of enterprises, so as to put the service "Belt and Road Initiative" into practice.

"The tax department has been committed to providing professional tax policy services for’going out ‘and’bringing in’ enterprises, actively making good use of preferential policies such as tax treaties, tax credits, and export refunds (exemptions), and further simplifying the filing procedures for filing preferential applications, so that enterprises can enjoy various tax preferential policies more conveniently, quickly and fully," said Liu Zhanyong, chief of the international tax management section of the Zhuhai Taxation Bureau.

Strengthen tax risk prevention and control, so that enterprises can "go global" more steadily

It is reported that Zhuhai Meizu Technology Co., Ltd. was established in March 2003 and is a well-known smartphone manufacturer at home and abroad. The "Meizu" brand ranked 79th in the BrandZ "Top 100 Most Valuable Chinese Brands in 2019" list, 36th in the "Top 50 Overseas Brands" list, won the second prize of the National Tax Technology Progress Award, and was listed in the list of unicorn enterprises. Since 2018, Meizu Technology has faced the bottleneck of upgrading and development. Understanding the difficulties encountered by the enterprise, the tax department went deep into Meizu Technology, conducted door-to-door research, and found that many of the raw materials required by Meizu Technology to produce mobile phones need to be imported from overseas. In order to ensure the production progress of mobile phones, enterprises will purchase raw materials in advance according to product planning, so there will be a large amount of tax deduction. The company has a production cycle of about 16 weeks from raw material procurement to product scheduling and listing. During this period, funds are in a state of net outflow, which brings certain pressure to the company’s capital chain.

The double financial pressure has a certain impact on the operation of enterprises, the longer the capital circulation cycle, the higher the operating risk of enterprises, and the tax department accelerates the progress of tax refund processing. During the period of June 2018, Meizu Technology’s tax deduction amount at the end of the period is 83.84 million yuan. Full refund in time, relieving financial pressure for enterprises and reducing business risks.

"The competition pressure of mobile phone companies abroad is very high, and we are encountering a bottleneck period of development. We have not fully considered many things, and the tax department has taken them into account for us." The financial person in charge of Meizu Technology said that the refund of the retained tax has enabled the company to obtain 83.84 million yuan in working capital, which provides strong financial support for the centralized listing of new products. The company will use the funds for the production of new products, especially to ensure that there is an adequate supply of popular new products. At the same time, it will also increase investment in overseas markets, add overseas offices, expand the business scale of existing overseas subsidiaries, and develop mobile phone products suitable for overseas markets according to the needs of overseas markets.

The tax department will continue to provide targeted policy guidance to enterprises, comprehensively optimize the tax business environment, and help "going global" enterprises go further and become stronger.

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New energy

  Since 2015, China’s new energy vehicle production and sales have ranked first in the world for seven consecutive years. In October, China’s new energy vehicle production and sales completed 762,000 and 714,000 vehicles respectively, an increase of 87.6% and 81.7% year-on-year respectively, and the market share reached 28.5%. The production and sales of new energy vehicles and the export volume of automobiles have both reached a record high, continuing to drive the stable growth of China’s automobile production and sales. With the rapid popularization of new energy vehicles, China’s automobile industry has ushered in the focus of the double-cycle bankruptcy and the excellent opportunity of "changing lanes and overtaking". It is necessary to give full play to its advantages, tap the potential of domestic demand and external markets, and then cultivate new advantages for China’s new energy automobile industry to participate in international cooperation and competition under the new situation.

  At the 2022 China (Tianjin) International Automobile Exhibition, which officially opened on November 10, new energy brands are coming to the exhibition with a new product lineup and cutting-edge technology concepts, allowing visitors to enjoy the latest new energy vehicle development achievements and future development trends at one time.

New energy brands are unstoppable, focusing on the 2022 Tianjin International Auto Show _fororder_image001

  The 2022 China Tianjin International Auto Show showcased a total of 990 exhibition vehicles, of which 260 were new energy vehicles, accounting for nearly one-third of the proportion. Compared with the previous exhibition, the proportion of new energy vehicles on display this year has increased. In recent years, with the country positioning the new energy automobile industry as a national strategic emerging industry and launching a series of supportive policies, combined with the domestic supply chain advantages, China’s new energy automobile industry has led the world in an all-round way. With the increasing emphasis of enterprises on new energy vehicles, many traditional car companies have launched independent new energy brands. In the process of the strong rise of China’s new energy automobile brands, many enterprises have taken active actions and embarked on the "new and upward" path in the level of brand culture and product upgrades.

  Smart car

  As a new user-oriented automotive technology innovation company jointly created by SAIC Motor Group, Zhangjiang Hi-Tech and Alibaba Group, Zhiji Automobile brought its first "New World Driving Control Flagship" Zhiji L7 and mass-produced concept car AIRO to the Zhiji Automobile booth in Hall S9, bringing users the peak choice of electric and intelligent new world.

  With its product strength and subversive experience for users, Zhiji L7 shows the charm of the "treasure model". The only "four-wheel steering + hybrid tire width" in the same class makes the "driving control ceiling" clear at a glance; the "more human-like" intelligent driving experience makes the smart driving strength that shakes the world’s top players indisputable; the 180 + net taste level health cockpit refreshes the "new benchmark for air quality"; the high value of "long in the user’s aesthetic point" makes people fall in love at first sight and unforgettable.

New energy brands are unstoppable, focusing on the 2022 Tianjin International Auto Show _fororder_image002

  In addition to Zhiji L7, the mass-produced concept car AIRO also interprets a new picture of the future of smart electricity for the audience. Zhiji AIRO is the first cross-border car circle created by Heatherwick Studio, a partner of Zhiji Auto Brand. With the vision of creating "the home of future travel life", AIRO makes natural and smooth ripple shapes flow in the user’s aesthetic point in the form of art, revealing that "technology and art coexist and parallel, and are an inevitable choice for creating future life".

New energy brands are unstoppable, focusing on the 2022 Tianjin International Auto Show _fororder_image003

  Ruilan Automobile

  Ruilan Automobile, which entered the new energy vehicle market with the differentiated advantage of power exchange, landed at the 2022 China Tianjin International Auto Show with a number of blockbuster models, setting off a new trend of power exchange and accelerating its progress to the C-end market as a "power exchange light travel popularizer".

  The Ruilan 9, which has just been pre-sold worldwide, is a full-size pure electric SUV with a long wheelbase of 2825mm and a reasonable layout of 6/7 seats. It performs perfectly in space, bringing people a more comfortable and exclusive driving experience. It also supports a dual-supplement mode of 60-second non-inductive power change and 30-minute DC fast charging, providing users with more flexible fuel options.

New energy brands are unstoppable, focusing on the 2022 Tianjin International Auto Show _fororder_image004

  Another "pure electric 6-seat MPV" Rui Blue Maple Leaf 80vPRO has a large driving space of 1798L and a maximum luggage volume of 1198L, flexible 6-seat space and 23 storage spaces, making the driving experience comfortable and pleasant.

New energy brands are unstoppable, focusing on the 2022 Tianjin International Auto Show _fororder_image005

  The Rui Blue Maple Leaf 60sPRO sedan, with its fast-back streamlined body, gives the impression of elegance and atmosphere without losing a sense of movement. The interior focuses on an eco-friendly cockpit, using high-quality eco-friendly cockpit materials and ergonomic eco-leather seats, with 17 flexible storage spaces, which not only enhances ride comfort, but also brings a stylish and elegant sensory experience.

New energy brands are unstoppable, focusing on the 2022 Tianjin International Auto Show _fororder_image006

  AITO

  AITO made a stunning appearance with the Q & A series. The Q & A series was jointly designed by Cyrus Automotive and Huawei to continuously enrich the product matrix and bring a new smart driving experience to more consumers. The Q & A M5 is the first model of the Q & A series. It is positioned as an intelligent luxury electric drive SUV. It adopts the ultimate design to create a luxury aesthetic. The pure electric drive range extension platform gives it the ultimate performance, bringing a long battery life of more than 1100 kilometers in full fuel and a 100-kilometer acceleration of 4.4 seconds.

New energy brands are unstoppable, focusing on the 2022 Tianjin International Auto Show _fororder_image008

  Q Jie M7 is positioned as a smart luxury large electric SUV, focusing on family users, IKEA IKEA. It meets the needs of comfortable travel with humanized technology, adopts a 2 + 2 + 2 three-row six-seat space layout, and the original six-in-one range extender powertrain expands the forward space of the passenger compartment. With 23 storage spaces at 14 places in the whole car, it creates ample space for the whole family. In particular, it is equipped with the industry’s first commercial AITO zero-gravity seat to create a luxurious riding experience.

New energy brands are unstoppable, focusing on the 2022 Tianjin International Auto Show _fororder_image007

  It is worth mentioning that all products of the Wenjie family are equipped with HarmonyOS smart cockpits, which gives the product a smart technology experience. Not only can you enjoy the ultimate smooth, easy and natural interaction experience, but also enjoy rich car and machine applications and convenient cross-device connectivity. It can also make the smart cockpit often new through OTA.

  Niutron

  The luxury medium and large-scale city exploration SUV Self-Traveler NV has a pure electric version and an extended range version, with a pure electric + extended range dual powertrain to meet the needs of multiple scenarios. Thanks to the GEMINI twin power module system developed by Mars Stone Technology, the Self-Traveler NV is fully compatible with both pure electric and extended range drive modes. The new car is equipped with an iAWD dual-motor intelligent four-wheel drive system as standard, equipped with a high-efficiency permanent magnet synchronous motor. The three-electric system integration and motor power density ratio lead the same level. The acceleration time of 0-100km/h for all models can reach 5.9s.

New energy brands are unstoppable, focusing on the 2022 Tianjin International Auto Show _fororder_image009

New energy brands are unstoppable, focusing on the 2022 Tianjin International Auto Show _fororder_image010

  The self-traveler NV extended range version of WLTC has a comprehensive cruising range of 939km (CLTC comprehensive cruising range exceeds 1257km) to meet the needs of users for long-distance intercity travel; at the same time, the extended range version of the model has a pure electric cruising range of 150km (WLTC condition), which is convenient and efficient for daily commuting in the city. The self-traveler NV pure electric long-range version of CLTC has a cruising range of 560km, and at the same time provides a pure electric standard cruising version with a cruising range of 440km in CLTC condition to meet different user requests. In terms of intelligent driving, the self-traveler NV is standard with 24 AAD high-order auxiliary driving system functions such as AEB (automatic emergency braking), ACC (full-speed domain adaptive cruise), BSD (blind spot monitoring), and LCA (lever lane change), which have a high degree of safety and stability.

  Landmap

  Lantu brought its "performance-level intelligent electric SUV" Lantu FREE family models and "electric luxury flagship MPV" Lantu Dreamer series models to the auto show. Among them, Lantu FREE, Lantu FREE ultra-long battery life pure electric version and Lantu Dreamer models all made their debut at the Tianjin Auto Show.

  Lantu FREE Standard Edition is labeled "Perfect Balance, Value Benchmark", perfectly balancing performance and intelligence, super power brings 4.5 seconds of acceleration experience, with high-quality driving control, high-quality comfort, and high-quality safety, fully meeting the daily needs of users in different scenarios. Lantu FREE DNA shows more pioneering design and powerful performance. It inherits the performance gene of Lantu FREE, adding multiple aerodynamic designs, zero hundred acceleration to 4.3 seconds, and is currently one of the most powerful SUVs in China.

New energy brands are unstoppable, focusing on the 2022 Tianjin International Auto Show _fororder_image011

  At this year’s Tianjin International Auto Show, Lantu Auto also unveiled the Lantu Dreamer seven-seat version and the private customized version (four-seat) model simultaneously. Lantu Dreamer was born from ESSA’s native intelligent electric architecture. Its zero-hundred acceleration takes only 5.8 seconds at the fastest, and the longest battery life is 750km, bringing 0 anxiety travel experience. The Dreamer private customized version is based on Lantu’s official personalized customization ecology. It is the only official customized electric MPV with rear-mounted customization. It has 3 exclusive color schemes for the interior, which can realize more personalized and exclusive customization needs for users.

New energy brands are unstoppable, focusing on the 2022 Tianjin International Auto Show _fororder_image012

New energy brands are unstoppable, focusing on the 2022 Tianjin International Auto Show _fororder_image013

  Nezha car

  Based on the first landing model created by Shanhai platform, Nezha S was officially launched for pre-sale on July 31. Resonant with the ever-changing user requests, Nezha S shows the exclusive style of "Sports Smart Enjoy Coupe" with high intelligence and high performance hard power, and brings a new driving experience to the majority of users with the core values of sports, technology and youth.

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  Nezha S is equipped with industry-leading hardware, luxury and comfortable configuration and leading intelligent level. It also comes standard with the NETA PILOT 3.0 intelligent driving assistance system developed by Nezha Automobile, so that the intelligent experience can benefit every user. In addition, Nezha S also has the body size of B + class car, the rare Hozen-EPT 4.0 thermal management system and high-performance heat pump system of the same class, the rare chassis texture within 300,000 yuan, the ultra-low 0.216Cd wind resistance coefficient of the same class, the rare large central control screen within 300,000 yuan, and the sky sound effect brought by the 720 ° Nezha custom surround sound. It has become the "best coupe within 1 million yuan".

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New energy brands are unstoppable, focusing on the 2022 Tianjin International Auto Show _fororder_image016

New energy brands are unstoppable, focusing on the 2022 Tianjin International Auto Show _fororder_image017

  Hechuang Automobile

  As the title partner of the EDG Hechuang Automobile Team, Hechuang Automobile has fully integrated the advantageous resources of the stock, joined hands with a number of leading cutting-edge technology enterprises, and injected elements such as e-sports and Guochao, aiming to make new energy smart vehicles the best entry point for linking multiple scenarios and intelligent ecosystems.

  Hechuang A06 is the first model based on Hechuang’s self-developed H-GEA global pure electric architecture. It is equipped with a fully upgraded H-VIP 2.0 intelligent driving interconnection system, truly realizing the beautiful vision of "technology serves people". It adopts Hechuang’s new vector aesthetic design language, has a trendy and dynamic appearance and 0.217Cd ultra-low wind resistance; the whole system is equipped with Qualcomm 8155 chip, equipped with a new self-developed car system HI-OS, to achieve a 3-second fast boot experience.

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  Hechuang Z03 is a trend smart driving pure electric SUV co-created by Hechuang, EDG and users. It takes "combat aesthetics" as the design concept and shows the future attitude. The car is equipped with an H-VIP intelligent language control system, which can voice-control the vehicle in a simple sentence. At the same time, it develops cutting-edge technology of automatic valet parking to respond to the needs of users’ full-scene intelligent travel. As a car brand that is deeply co-created with users, Hechuang has teamed up with world-class e-sports team EDG and Dingliu Guoman "Lingcage" to bring "blood" from the inside to the end, bringing an immersive car feast that integrates future, technology and cross-dimensional for Generation Z users.

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New energy brands are unstoppable, focusing on the 2022 Tianjin International Auto Show _fororder_image020

  NIO NIO

  NIO brought all the main models (ES8/ET7/ES7/ES6/EC6) and this year’s much-anticipated NIO ET5 to the scene. Rich colors and model combinations, especially the ET5’s annual color (Mirror Air Powder/Cloud Early Yellow), satisfied the audience’s curiosity and expectation for all NIO models.

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  "I’ve heard of it, I’ve never seen it" at the NIO exchange station airborne car exhibition site. The original closed bottom structure of the exchange station has been transparently treated, and the power exchange process has been demonstrated in real time at multiple times on site, allowing friends to feel the real energy replenishment speed of "full power start, only one song time". In addition, the on-site display area of super-charging piles, fast-charging piles and home-charging piles 2.0 is also set up to learn about the complete energy replenishment experience of NIO cars that can be charged, exchanged and upgraded.

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  At the same time, the NIO Center has also moved into the car show site. Visitors can experience NIO vehicles, replenish energy, explore the NIOLife Surprise Mall, or go to the NIO Café to taste a variety of NIO special drinks. The car owner exhibition area can also see the artworks of NIO car owners, or take children on a journey of exploration and creation at Joy Camp.

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New energy brands are unstoppable, focusing on the 2022 Tianjin International Auto Show _fororder_image024

  In addition, NIO has also prepared 3 special live broadcasts of the auto show. Partner car owners and volunteers – NIO pre-sales and after-sales system employees, take everyone to the exhibition without leaving home "cloud"! Explore the best car purchase policy, surprise interactive gifts, hard core vehicle knowledge, city general manager connection and other exciting content throughout the year.

  Zero car

  On September 28, 2022, Zero Run Auto held an immersive press conference of "Zero Run C01 Advanced Life C" online. Under the witness of thousands of Leaper, Zero Run C01, the latest flagship model of Zero Run Auto, was officially launched, opening a new journey of multi-scene intelligent luxury electric cars.

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  The five versions of Zero Run C01 only have the difference between battery capacity and single and double motors, and all the other 80 intelligent luxury configurations are fully loaded. The whole system comes standard with 28 high-precision sensing hardware and 23 intelligent driving auxiliary features, which fully cover the appearance and interior, intelligent interconnection, entertainment audio and video, safety protection and humanized configuration. It will be equipped with standard equipment to easily enjoy the car ownership experience of "entry is high equipment".

  The Zero Run C01 is equipped with a large-capacity power battery, and the CLTC comprehensive operating conditions have a cruising range of up to 717km, which is enough to meet the needs of multi-scene and long-distance travel. It can be called an artifact for users and their families to travel. With the self-developed OurHours AI BMS intelligent battery management system, the power battery can be controlled throughout its life cycle, making every trip more secure.

  As the brand’s flagship model, Zero Run C01 showcases the latest achievements of Zero Run’s global self-research, which will greatly meet the current user’s multi-scenario car needs. Its leading 5 C-bit hard power will also completely change the market landscape of medium and large sedans, redefining the new value of medium and large sedans.

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New energy brands are unstoppable, focusing on the 2022 Tianjin International Auto Show _fororder_image027

  Geometric car

  Based on the pursuit of personalized in-vehicle intelligent experience by new users, Geometry Auto has launched two models, Geometry G6/M6. The new car is equipped with a super-electric intelligent cockpit developed based on HarmonyOS, which once again raises the upper limit of user intelligent experience, and detonates users’ demand for diverse and scene-based travel with "true intelligence" and "true safety".

  Geometry G6/M6 builds a high-value intelligent cockpit environment for users, realizing a seamless switch between driving and life and a seamless connection of intelligent experience. At the same time, Geometry G6/M6 has a "3-second boot" experience, and 8G + 128G "hard core" configuration ensures that the car-machine app is synchronized with the driver’s behavior, and the running speed is "second" to the same level.

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New energy brands are unstoppable, focusing on the 2022 Tianjin International Auto Show _fororder_image029

  Geometry G6/M6 brings the L2-level intelligent driver assistance system to the only standard of the same level, and rich application scenarios make novice drivers no longer afraid to go on the road. At the same time, the standard super-electric intelligent cockpit of Geometry G6 and Geometry M6 can not only bring users a smoother, more convenient and richer super-electric intelligent cockpit, but also bring the upgrade of entertainment methods and user experience, so that the car changes from a simple means of transportation to a life partner, and the vehicle realizes the expansion from a simple driving space to an entertainment space, a social space, and a leisure space, becoming the core carrier of the "third living space".

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  Avita

  Avita Technology brings its first product, Avita 11, with its good-looking, easy-to-drive and really smart product charm, to offer fans and consumers in Tianjin and even North China a new travel feast brought by the world’s first "emotional intelligent electric coupe SUV".

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  As the first product born in the "new generation of intelligent electric vehicle technology platform – CHN", Avita 11 empowers the three giants of Changan Automobile, Huawei and Ningde Times in their respective fields, integrates the three characteristics of "new architecture, strong computing and high-voltage charging", and leads the new track of intelligent electric vehicles (SEV) with strong product strength of value ceiling, comprehensive performance ceiling and intelligent ceiling.

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  In-depth cooperation with Huawei, Avita 11 has become the first model in the world to come standard with HI Huawei’s full-stack smart car solution. Equipped with 34 smart driving sensors including 3 lidars, and using a high-performance intelligent driving computing platform, it brings consumers AVATRANS intelligent piloting system including high-speed NCA smart driving navigation assistance, urban NCA smart driving navigation assistance (through OTA open user subscription), APA automatic parking assistance, RPA remote control parking and other functions, achieving full scene coverage in high-speed sections, urban sections and parking links.

  Voyage car

  The high-end new energy luxury brand Yuanhang Automobile of Dayun Group was officially unveiled.

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  Yuanhang Y6 is positioned as a D-class super luxury sedan, which is luxurious and intelligent, and adopts a driver-centered design concept. The 17.38-inch oversized central control screen is located in front of the driver and extends above the center console. It is full of technology and integrates all operation functions in the car. The number of physical buttons is extremely small, simple and generous.

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  The Yuanhang Y7 is positioned as a D-class sports limousine, which is full of extraordinary charm in an instant. The sculptural side lines, depicting the charming waist line and light posture, are unforgettable. The interior layout of the Yuanhang Y7 is extremely sporty, showing a sense of simplicity and openness. Precision sports car-grade ergonomic design, tailor-made for the enduring driving experience of Fengchi Electric Engine.

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  The Yuanhang H9 is positioned as a large sports luxury SUV. The novel design of spoiler front skirts and side panels makes the Yuanhang H9 not only sporty, but also unique. The car is equipped with 256-color variable ambient lights and 20-level brightness adjustment, which can intelligently change according to the driving mode, breathing mode, flowing water welcome mode and music rhythm mode, so that the car presents a completely different atmosphere tone, creating an excellent driving experience that coexists with passion and comfort, impact and calmness.

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  HiPhi

  Hi-Hop unveiled its dual flagship models, the evolvable supercar SUV HiPhi X and the digital life GT HiPhi Z.

  The HiPhi X is based on the three breakthrough concepts of "scene-defined design, software-defined car, and co-creation of defined value". It is the world’s first mass-produced open electronic and electrical architecture H-SOA super electronic and electrical architecture for vehicle applications, becoming an evolvable supercar SUV. The extreme handling and supercar-level dynamic performance demonstrate the personality of HiPhi X. The vehicle is equipped with a dual-motor high-efficiency powertrain. Thanks to the blessing of dual 220kW motors, HiPhi X has a 100-kilometer acceleration time of 3.9 seconds. The world’s first evolvable high-performance active forward-looking dynamic chassis can monitor and analyze the current road conditions and user driving habits in real time, and make precise control of the vehicle.

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New energy brands are unstoppable, focusing on the 2022 Tianjin International Auto Show _fororder_image038

  The HiPhi Z, the second flagship digital life GT of Gahe Automobile, continues Gahe’s long-standing TECHLUXE ? technology luxury DNA. As a technology luxury smart coupe, the HiPhi Z is a future car dedicated to contemporary "young" creators. Electronic age control gives the HiPhi Z excellent performance. The HiPhi Z is equipped with front and rear high-performance dual motors, with a single motor power of up to 247kW and a torque of 410Nm, achieving a 100-kilometer acceleration time of 3.8 seconds. Its 120-degree CTP battery pack is industry-leading in power and energy density, and can provide a maximum CLTC range of 705km.

  concentration

  Jidu ROBO-01 Lunar Exploration Limited Edition has completed Jidu’s debut at the auto show. As a joint model of the lunar exploration project launched by Jidu and China Lunar Exploration, in order to fit the theme of lunar exploration, Jidu has used star porcelain white as the exclusive body color of the ROBO-01 Lunar Exploration Limited Edition "Moonlight Skin", and it is embellished with the exclusive gold spray paint of the lunar exploration spacecraft. With the silk screen printing of the "LUNAR EDITION" icon and the multi-layer varnish process, it has greatly enhanced the uniqueness and product value of the limited edition. The addition of the "China Lunar Exploration" LOGO logo and the 21-inch aerodynamic wheel hub lunar exploration elements allows the joint elements to be presented panoramic, showing their individuality in the chic.

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  In the field of intelligent driving that Jidu owners are most concerned about, with the help of Jidu’s leading Point-to-Point Pilot Assistance PPA (Point to Point Autopilot) function, ROBO-01 Lunar Exploration Limited Edition will have high-level intelligent driving capabilities of high-speed, city, and parking "three domains". Under the condition of ensuring user safety, high-level intelligent driving for complex road conditions in urban areas will be realized, as well as driving experience with full scene coverage in high-speed sections, urban sections, and parking links. At present, Jidu has launched high-level intelligent driving scenario diversification in Beijing and Shanghai, and will ensure that the official version of PPA will gradually cover core cities across the country with the industry’s leading efficient R & D rhythm.

  Li Auto

  The Ideal L8 was officially launched on September 30, and is available in two models: the L8 Pro and the L8 Max. The Ideal L8 is available in four standard colors of metallic paint: gold, silver, gray, and black, as well as three special edition car paints: purple special edition pearl paint, green special edition pearl paint, and blue special edition cold light paint. This year’s auto show Li Auto brought a color special edition pearl paint.

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  The ideal L8 Max comes standard with the ideal AD Max intelligent driving assistance system. The dual NVIDIA Orin-X computing power chips equipped with the ideal AD Max intelligent driving assistance system have a total computing power of 508TOPS, making the intelligent driving system operate more stably. It can efficiently process the fusion signals of high definition cameras, lidar, millimeter wave radar and ultrasonic sensors in real time. In the future, this system will realize the intelligent driving assistance function of the whole scene.

  The ideal L8 is equipped with a four-wheel drive system composed of a 1.5T four-cylinder range extender and front and rear dual motors, with a combined maximum power of 330kW, a peak torque of 620N · m, and a 100-kilometer acceleration time of 5.5 seconds. The battery pack has a capacity of 42.8kWh, and the CLTC pure electric battery life is 210km. The CLTC battery life can reach 1315km under full oil and full power conditions.

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  Xiaopeng

  Xiaopeng G9 is positioned as a medium and large pure electric SUV model. It is based on the X-EEA 3.0 electronic and electrical architecture and is the first mass-produced 800V SiC ultra-fast charging platform product in China. In the future, it will achieve a 5-minute battery life of over 200 kilometers. At the same time, the new car is also the flagship model of the current Xiaopeng brand and will be equipped with a variety of intelligent configurations.

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  The central control part of the Xpeng G9 is equipped with the industry’s first mass-produced human-machine interaction system based on 3D UI. It adopts dual 14.96-inch high definition smart conjoined screens equipped with Qualcomm Snapdragon 8155 chips, and the new car will also be equipped with Xmart OS 4.0 UI operating system. For intelligent driving, it will be equipped with dual NVIDIA DRIVE Orin intelligent driver assistance chips, with a computing power of 508 TOPS to power the XPILOT 4.0 system. In the power part, the Xiaopeng G9 is equipped with XPower 3.0 power system, which will provide two-wheel drive single motor and four-wheel drive dual motor options. The maximum power of the single motor is 230kW (312 horsepower), and the maximum power of the dual motor is 175kW (238 horsepower)/230kW (312 horsepower), and it is matched with a ternary lithium battery, with a range of more than 700 kilometers. It is reported that the Xiaopeng G9 has two battery life versions, of which the single motor version has a range of 702 kilometers, and the dual motor version is 650 kilometers. Both battery life versions will be equipped with a 98kWh ternary lithium battery pack.

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New energy brands are unstoppable, focusing on the 2022 Tianjin International Auto Show _fororder_image045

New energy brands are unstoppable, focusing on the 2022 Tianjin International Auto Show _fororder_image044

  ARCFOX Extreme Fox

  As a high-end luxury new energy vehicle brand in China, JIHU Auto unveiled a number of its blockbuster models with the core concept of "JIHU Technology +". The scene-based product experience and diverse user interaction forms made JIHU Auto one of the most popular brands at this auto show.

  The new HI version of Extreme Fox α coefficient S brings intelligent driving to a new height. It is the world’s first production car to support high-level intelligent driving on urban roads. The new car has 34 high-sensing hardware, forming a set of 360-degree full coverage ultra-high fusion perception system, which truly restores the 3D physical world and accurately recognizes obstacles; MDC810 intelligent driving computing platform supports 400 TOPS super computing power, which can easily handle the test of complex road conditions with super brain.

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  Extreme Fox α coefficient T, α coefficient S standard battery life version is also an important driving force to achieve increment. Through these two new cars, Extreme Fox has greatly reduced the entry threshold of "high-end new energy vehicles", but also stirred the market of 200,000 + yuan pure electric vehicles. By passing down the purchase potential energy, it has brought more surging market vitality and given consumers more quality and price choices. Most importantly, the quality of the new car has not been reduced at all. While ensuring the core safety and core configuration, the performance of the new car’s three electricity has been greatly upgraded, which has greatly enhanced the overall market competitiveness.

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New energy brands are unstoppable, focusing on the 2022 Tianjin International Auto Show _fororder_image047

  AION

  GAC AEP has officially released its new generation of high-end pure electric exclusive platform – APE 3.0. The platform inherits the three advantages of long battery life, large space and high safety of the previous generation, and starts a new "track" with the release of high-end product Hyper Haobo. In addition, the new AEP 3.0 platform draws on the supercar low center of gravity and lightweight body structure, so it realizes track-level rear-drive driving control, which means that it uses a rear-drive layout with higher control limits and supports the expansion of four-wheel drive systems.

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  Through the unique AICS intelligent chassis system, Aian can adjust the wheel output torque, braking force and suspension rigidity according to a series of parameters such as wheel speed, angle, throttle, yaw angular speed, etc., to achieve multi-system dynamic matching control, and finally make the turning radius as low as 5.3 meters. Note that this is still done in a wheelbase of nearly three meters. The steering accuracy and sensitivity have also been improved by 30%, the cornering roll has been reduced by 40%, and the braking distance of 100 kilometers is less than 35 meters.

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New energy brands are unstoppable, focusing on the 2022 Tianjin International Auto Show _fororder_image051

New energy brands are unstoppable, focusing on the 2022 Tianjin International Auto Show _fororder_image052

  The new generation of high-end pure electric exclusive platform APE 3.0 has the world’s fastest supercar electric drive technology, using X-PIN flat wire technology and intelligent multi-mode shift technology, which can achieve a zero-hundred acceleration of 4.9s under single motor drive. If it is a dual motor drive, it can achieve a zero-hundred acceleration time of 1.9s, with a top speed of up to 300km/h.

  Feifan

  Feifan Automobile made a wonderful appearance with the full sincerity of Feifan R7, an extremely intelligent high-end pure electric SUV. As the first flagship model of Feifan Automobile, Feifan R7 fully demonstrates the strength of the "Screenmaster" in the intelligent cabin industry and the "Roll King" in the intelligent driving industry with the strength of hard-core products such as the RISING MAX 3 + 1 giant screen, the RISING OS intelligent cabin interaction system, and the RISING PILOT fully integrated high-end intelligent driving system.

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  The RISING MAX 3 + 1 giant screen of Feifan R7 is composed of a 43-inch wide-width true-color triple screen with the largest size of a Chinese brand production model and the world’s first mass-produced Huawei visual enhanced AR-HUD head-up system, which is known as the "screen master" in the smart cabin industry. Not only is the size stunning, but also has powerful functions. The RISING MAX 3 + 1 giant screen supports four-screen linkage, which can easily realize the seamless flow of information between the main and auxiliary pilots, creating an immersive and scene-based smart cockpit experience for users. Feifan R7 is also equipped with the RISING OS smart cabin interaction system. It is equipped with the Qualcomm Snapdragon 8155 car-grade flagship chip, which has the highest single-chip computing power in the industry and the strongest brain in the rim, and refreshes the new standard of smart car interaction smart cabin. In terms of interface design, the RISING OS smart cabin interaction system adopts the Kepler style UI design aesthetic, continuing the design concept of Feifan car "not complicated, that is, extraordinary". In the truly elegant and rational design, it integrates more natural landform elements of the planet to show the romance of technology.

  Euler

  Euler Lightning Cat real car officially unveiled, its positioning as a medium-sized pure electric car, the shape is very retro at the same time, but also through some details highlight the sense of technology, in addition to the body also presents a dynamic back shape, the overall visual effect is very distinctive.

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  Lightning Cat offers a unique 10.25-inch three-barrel combination sports instrument, as well as a 12.3-inch high definition center control screen, using the Qualcomm Snapdragon 8155 smart cockpit chip. In addition, its central saddle part is equipped with multiple physical buttons and knobs, and adopts a three-spoke multi-function steering wheel. Some models also provide W-HUD head-up display function. In terms of intelligent driving functions, Lightning Cat’s high-end models are equipped with ORA-PILOT 3.0 intelligent driver assistance system, which can realize L2 + level autonomous driving.

  Lightning Cat has launched single-motor and dual-motor versions this time. The single-motor version has a maximum power of 150kW (204 horsepower) and a peak torque of 340 Nm. The dual-motor performance version has a combined power of 300kW (408 horsepower) and a combined peak torque of 680Nm. In terms of battery life, the CLTC of the deluxe version and the premium version has a battery life of 555 kilometers, the CLTC of the long-range version is 705 kilometers, and the CLTC of the four-wheel drive high-performance version has a battery life of 600 kilometers.

通过admin

"New Shaolin Temple" trailer, Jackie Chan vows to make Fan Bingbing his daughter-in-law

Jackie Chan Daxiu "unreliable" Henan dialect Fan Bingbing made a joke

  This time Jackie Chan played the cooking monk, although he did not know martial arts, but it was not easy to act. The original filming time was 7 days, but after the crew, the director Chen Musheng only let Jackie Chan sleep for an hour every day, "It was really 7 days of filming for 14 days!" Recalling the past, Jackie Chan still complained bitterly. Every day when filming, he had to sweep the floor and mix noodles, which was no easier than acting in a play.

    Jackie Chan also has another "trick" in the play – show dialect. While mixing noodles, he also speaks Henan dialect, which is not very standard, but it is also a big highlight. He also shows a short paragraph on the spot, praising Fan Bingbing in Henan dialect as "the most beautiful one". But Fan Bingbing made a joke on the dialect. She, who is originally from Shandong, came up and said that Jackie Chan spoke Shandong dialect in the play, which made Jackie Chan laugh and said: "Miss, I speak Henan dialect!"

    Talking about the film’s box office, director Chen Musheng only said it would be very good and sell well, while Jackie Chan was more confident, "I think the box office is not a problem, I have seen hundreds of millions, and the box office of Chinese movies has exceeded 10 billion this year, and I will be able to pass 15 billion next year, and the year after that is 20 billion!"

通过admin

Ideal "rose sharply", NIO "downgraded", Li Bin: "My cash is pretty miserable"

Can NIO "live a hundred years"?

Author | Zhao Pu

Editing | Interesting Business

"Peers don’t have the same life", Li Auto (2015.HK) announced that the performance rose at the same time, NIO US stocks suffered ratings and target share prices fell.

According to the annual report data released by Li Auto on February 26, the company’s revenue in 2023 was 123.851 billion yuan, and its net profit was 11.809 billion yuan, which rose 173.48% and 681.06% year-on-year respectively. The two performance indicators reached a new high; its Hong Kong stock price also ushered in a sharp rise of over 23% on February 27. The closing price of the day was 172.3 Hong Kong dollars. As of February 29, Li Auto’s closing price was 177.3 Hong Kong dollars/share, and the market value of Hong Kong stocks was 313.10 billion Hong Kong dollars.

On the same day that Li Auto released its earnings report, the target price of NIO US stocks, which used to be a "new power" partner, was lowered from $8.50 to $5 by JPMorgan Chase. This is the second time that JPMorgan has lowered the target price of NIO since December last year. On February 29, NIO US stocks were trading at $5.43 per share.

Image source: screenshot of Oriental Fortune

Just on February 27, when Li Bin, founder and chairperson of NIO, was live, netizens in the live stream commented on both support and sharp doubts; when asked "when will NIO go out of business", Li Bin cleverly replied, "This question cannot be answered, and it must be answered by the majority of users. If everyone does not support it, we will have no meaning in life. If they support us, they will surely live a hundred years."

Image source: Weibo screenshot

Li Bin also said in the live broadcast that his annual salary is less than one million, "I am quite miserable in cash now," because everyone in the company has the same travel expenses. If he wants to stay in a better hotel and take a better car, he needs to make up the price difference, and he has to pay a lot of money in a year.

01. Sales volume, share price, and rating are all "downgraded"

Recently, NIO "downgrade" signals have been frequent.

In December last year, JPMorgan Chase lowered the target price of NIO from $10.50/share to $8.50/share. On February 26, NIO was lowered again by JPMorgan Chase to $5/share. NIO’s US stock price has been lowered twice, and the cumulative reduction has exceeded 50%. In addition, NIO’s US stock rating has also been reduced from "neutral" to "underweight".

The "Interesting Business" query found that the lowest price in the history of NIO US stocks appeared in 2019, at $1.19 per share.

JPMorgan said in the report that the NIO Group has fewer new models for 2024, with only one new mass-market model called the "Alps", which may not be available until the fourth quarter. In addition, while the lack of new models, considering that peers such as XPeng Motors and BYD joint stock company are expected to launch new models, "mass market competition is likely to only intensify".

Image Source: Canned Food Gallery

Due to the lack of new models to impact sales, NIO’s sales target in 2024 was lowered to 230,000 vehicles, a decrease of 15,000 vehicles compared with 2023, but NIO’s actual sales in 2023 were about 160,000 vehicles, and the annual target was not completed. Whether the established target can be achieved in 2024 also needs to be verified.

Accompanied by the above-mentioned "downgrade" signals, NIO’s share price has fallen from about 72 Hong Kong dollars per share to 43.8 Hong Kong dollars per share from 2024 to February 29, with a cumulative decline of 39.79% in the first two months of the year. The latest Hong Kong stock market value is about 68.79 billion Hong Kong dollars, which is about 22% of the total market value of Li Auto.

Image source: screenshot of Oriental Fortune

In contrast to Li Auto, some investors joked that "the ideal is about to break new highs, and NIO is about to break new lows". From the historical stock price perspective, the lowest share price of NIO Hong Kong stocks appeared on February 6 this year, and the intraday share price fell to HK $41.55/share.

In the face of market concerns and doubts, Li Bin responded in the live stream that NIO still has tens of billions of funds, so you can rest assured. In addition, NIO will launch hundreds of thousands of new brands next year. At the same time, Li Bin said that NIO’s goal is to serve customers with different brands in the hundreds of thousands, hundreds of thousands, and hundreds of thousands.

According to "Interestingly Understanding Business", in early February this year, NIO sub-brand Alps was exposed to have a sedan and SUV models, with a price range of 200,000 yuan to 300,000 yuan, and will use NIO’s latest NT3.0 platform to build.

02. Does NIO dare to fight a "price war"?

When JPMorgan cut the target price of NIO’s US stock, it specifically mentioned that NIO’s management had emphasized that the company was unwilling to sacrifice profits to increase sales. Li Bin also said that the gross profit of NIO pure electric vehicles is relatively low.

In the eyes of industry insiders, NIO is constrained by cost constraints, making it difficult to keep up with the new round of "price cuts" since the beginning of the year. The launch of hundreds of thousands of models into the low-priced car market next year is also slightly lagging behind in time; after all, the "price war" of various new energy vehicle companies this year has been very intense. How much market share can NIO "take" next year?

Image Source: Canned Food Gallery

Zhang Xiang, a visiting professor at the Yellow River University of Science and Technology, believes that "the overall performance of NIO is still losing money. From this perspective, there is no room for NIO to reduce prices. This is easy to form a vicious circle: reducing prices will further reduce profits and increase the risk of losses; but in the case of competitors cutting prices, if you do not reduce prices yourself, it will be difficult to increase sales. If the sales scale is not large enough, you will not be able to reduce costs, and then there will be no room for price reduction."

To avoid falling into the above vicious circle, NIO must increase sales and reduce overall costs in order to be more proactive in the face of "price wars".

Regarding gross profit margins and price reductions, NIO founder and president Qin Lihong once said that NIO’s gross profit margin is not high, and companies with gross profit margins of 30% to 40% may be able to reduce prices appropriately, but NIO will not do so. According to NIO’s performance report for the third quarter of 2023, NIO’s gross profit margin for vehicles is only 11.0%.

In fact, NIO is relatively passive in the face of the industry’s "price war". In 2023, NIO’s sales only increased by about 37,500 units year-on-year, an increase of about 30.62% year-on-year. Compared with MIIT data, the sales of new energy vehicles in our country in 2023 were 9.495 million units, a year-on-year increase of 37.9%. That is to say, NIO’s sales growth is still lower than the industry average sales growth rate.

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"In terms of sales, the growth rate of NIO is lower than the growth rate of the industry, and there is a danger of being surpassed by other car companies." Zhang Xiang said that NIO’s 2024 sales models are still dominated by mid-to-high-end models of 300,000 yuan to 500,000 yuan. The market itself is relatively small in capacity and more competitive. In addition to traditional car companies BBA, other new energy car companies are also joining this market. The mid-to-high-end market is already a red sea. It is also a helpless choice for NIO to reduce its sales target in 2024.

As for the power exchange business that Li Bin has always emphasized, Zhang Xiang also pointed out that there are certain obstacles. "The essence of power exchange is to unify the battery standards of various car companies, but many car companies are relatively resistant to this, especially large car companies such as Tesla and BYD. If each car company cannot unify the battery standard protocol, it will be difficult for the power exchange mode to become the mainstream of the market. With the continuous popularization of charging piles, the improvement of fast charging and super charging technology, the future charging mode is still the choice of most car owners, and there is a risk of being marginalized."

NIO 2023 third quarter performance report shows that the company’s third quarter revenue 19.07 billion yuan, an increase of 117.4%, an increase of 46.6%, cash reserves 45.20 billion yuan, an increase of 13.70 billion yuan, net loss of about 4.557 billion yuan, a decrease of 24.8%

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In the face of cost and profit issues, Li Bin is also trying his best to expand space. Recently, NIO and Anhui Jianghuai Automobile Group Joint Stock Company signed a definitive agreement to acquire certain production equipment and assets from Jianghuai. The production equipment and assets of the first advanced manufacturing base and the second advanced manufacturing base will be purchased from Jianghuai. The total price excluding tax is about RMB 3.16 billion yuan.

Li Bin, chairperson of NIO, said at the earnings conference that "from a manufacturing perspective, if we make it completely independently, the manufacturing cost will drop by 10%".

In the face of the price war, NIO 2023 main models gave a price reduction of more than 20,000 yuan, but the 2024 models did not increase the price, avoiding direct entry into the "price war". Among them, 2024 ES8, EC7, ES6, EC6, ET5T will be delivered in March; 2024 ET5 will be delivered in April; 2024 ES7 will be delivered in May; 2024 ET7 will be released in April and open the lock order.

Li Bin also called on everyone to support NIO in the live stream, and he also tried to make NIO’s financial report look better as soon as possible.

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