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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.

Image Source: Canned Food Gallery

"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%

Image Source: Screenshot of Corporate Financial Reports

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.

Will you choose to buy NIO? Let’s chat in the comment area.

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Space has added another Chinese star! The National Space Administration held a naming ceremony for "Wu Weiren Xing"

  CCTV News:Yesterday (8th), the National Space Administration held the naming ceremony of "Wu Weiren Xing" to praise Wu Weiren’s contributions in the field of lunar and deep space exploration, which also shows that the international community recognizes and affirms China’s achievements in lunar exploration and China’s aerospace development. 

  Wu Weiren is the chief designer of China’s lunar exploration project. The asteroid number 281880 named "Wu Weiren Xing" was discovered by the Near-Earth Object Telescope of the Zijinshan Observatory of the Chinese Academy of Sciences in August 2007 and received the international permanent number in June 2011.

  It is estimated that the "Wu Weiren Star" orbits the sun in about 5.75 Earth years. The closest distance between the planet and the earth is about 270 million kilometers, and the farthest is about 690 million kilometers.

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Deep blue new energy hardcore off-road debut, the market blossoms and impacts the blue ocean

On March 18, Deep Blue Automobile, a subsidiary of Changan Automobile, officially released the G318, Changan Automobile’s first technology new hardcore SUV. This new car, which pays tribute to the 318 highway into Tibet, has been endowed with many technical capabilities by Changan Automobile and Deep Blue Automobile, including air suspension, four-wheel drive technology, and high-efficiency range extender.

Although there is no mention of "hardcore off-road", the technology and product design of the deep blue car G318 are close to this style. In the new energy hardcore off-road market, there are already brands such as BYD Equation Leopard, Dongfeng Warrior, and Great Wall Tank. Does the G318 enter the market at this time have enough opportunities and what challenges will it face in development?

Deep Blue Deng Chenghao said that the monthly sales target 10,000 vehicles, and the delivery will start in June

In Changan Automobile’s product system, there are sedans, SUVs, and pickup trucks, but there has been no off-road model. The debut of G318 may be an action by Changan Automobile to make up for its shortcomings.

Dark Blue G318 Picture/Enterprise Official Website

It is understood that although the G318 does not call itself "hard off-road", it applies a number of "hard off-road" technologies, including central stepless differential lock, magnetic mechanical differential lock, dual motor OurHours four-wheel drive, air suspension, R-ESP steering system, 316 kW maximum power, etc. The vehicle also applies in-situ U-turn, off-road creep, ET all-terrain system and other functions.

In terms of configuration, the Deep Blue G318 has no material. While being hard-core, this car also adds "economical" elements. The G318 still chooses range extension technology, and the feed fuel consumption is 7.4 liters per 100 kilometers under WLTC conditions. The team at Deep Blue is trying to balance fuel economy with off-road hardness.

The once popular Tank 300 was originally in the form of a pure fuel vehicle, but due to the fuel consumption of the vehicle at 100 kilometers and 20 liters, many users complained bitterly and finally gave up their love. But with the passage of time and technological progress, Tank, Equation Leopard, Warrior and other brands have launched new energy models.

Regarding the prospect and planning of G318, Deng Chenghao, general manager of Deep Blue Automobile, said: The target sales volume in the first month is 10,000 units, and the product delivery is planned to start in June.

The new energy hardcore off-road market is blooming, and the final results still need to be tested by the market


The price of the dark blue G318 has not been announced yet, but the market forecasts that its price level is in the price range of 250,000-300,000. If the final price is below 300,000 yuan, then the G318 will compete with BYD Equation Leopard 5 and Tank 400 New Energy. Both products are priced at around 300,000 yuan, starting at 289,800 yuan and 279,800 yuan respectively.

From the sales data, the cumulative sales of Leopard 5 in 4 months are about 13,000, and the cumulative sales of Tank 400 new energy in 5 months are about 17,000.

According to Zhiyan Consulting data, the size of the hardcore off-road market reached 140 billion yuan in 2019. As the epidemic enters a new stage of prevention and control, people’s travel needs and off-road needs will gradually pick up or even upgrade. Northeast Securities data shows that in 2023, China’s hardcore off-road vehicles sold a total of 224,000, an increase of 2.1% year-on-year.

The current market is still growing, but how much of the pie will the G318 get?

Zhang Xiang, a visiting professor at the Yellow River University of Science and Technology, said that the connotation and essence of off-road vehicles are changing. The off-road vehicles purchased by young people may not often run to bad roads to play off-road. They are more attracted to the unique hard-nosed design of new energy off-road vehicles.

In addition, when used in the wild, new energy off-road vehicles can also provide consumers with abundant external power.

"In the past, hard-core off-road was the world of foreign brands, such as Land Cruiser, Tule, Land Rover, Wrangler and other models were the main force. Some good quality used cars cost 400,000 yuan at every turn. With the innovation of domestic brands, the price of new energy hard-core off-road vehicles has gradually decreased, which also allows people to enjoy this kind of life at a lower cost." Zhang Xiang believes that the market where the G318 is currently located is not a red sea competition, and there are still many opportunities. While it has a large space, strong technical force and range extension technology, it can apply for a green card and be exempted from purchase tax, which are all advantages.

But whether the car can be accepted by consumers if it is priced higher remains a challenge. "With the increase in vehicle prices, consumers’ demand for the value brought by the brand is also gradually increasing. Whether the dark blue car can meet this demand of users still needs to be more observed," Zhang Xiang said.

Bai Haotian, Shell Financial Reporter of Beijing News

Editor, Chao Xu

Proofreading, Chen Diyan

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Very attractive hybrid car: I took a look at BYD’s new generation Tang DM.

At the beginning of this year, I went to Times Town in Songjiang to test drive the BYD Tang 100 bought by my friend, and later wrote a blog titled "After such a long time, I finally tested the BYD Tang 100". A few days ago, he told me that a new generation of 2018 BYD Tang DM (hybrid version) prototype cars have arrived at various 4S stores. He has been to see it several times and feels very excited. He suggested that I also go and see it. I contacted the BYD direct store near the company (it is said to be the only one in Shanghai), and the clerk replied that although there is no test drive yet, there is a prototype car in the store that can be electrified and ignited. Welcome to see it at any time. So, taking advantage of the relatively empty work this afternoon, I immediately rushed to take a look in the heavy rain.

This is a red BYD 2018 brand new generation Tang DM (hereinafter referred to as’ brand new generation Tang DM’). My first impression is that the color is very bright, and the whole car feels a little "shorter" than the Tang 100 I have experienced before? In fact, the parameters are compared: the length, width and height of this new Tang DM are 4870*1950*1725, while the old one is 4815*1875*1725, so the two are actually the same height. The visual change of "becoming shorter" is actually caused by the new car becoming longer and wider. By the way, among the new energy vehicles I have been paying attention to recently, Weilai ES8(5022*1962*1753mm) is the largest, followed by Tang DM, while Baiteng M-Byte(4850*1940*1650) is the third and Roewe Marvel X(4678*1919*1616) is the third. In addition, Tesla’s Model X is 5037 * 2070 * 1684-so it is longer, wider and flatter than other new cars. …

Before, my family leader was not very satisfied with the shape of my friend’s old Tang 100, and felt that it was too much like Lexus, but she had a good evaluation of the shape of this new generation Tang DM. Personally, I don’t really care about the "dragon face" design or the suspended roof or the currently popular penetrating taillights, as long as the new car looks smooth and doesn’t look too similar to other brands (it’s really not easy for domestic cars to do this). Obviously, the new generation of Tang DM is completely acceptable to us in terms of modeling. On the internet, everyone basically has a positive evaluation of the shape of this new car. Well, it is really necessary to get rid of the "Build Your Dreams”logo on the rear of the car that looks like a" secondary two "!

Because it is a hybrid version, the left rear side of the new generation Tang DM body is the fuel filler and the opposite position is the national standard charging socket. At present, the new generation of Tang DM can still get the Shanghai card for free in Shanghai, but it takes about a month to apply for the green card, such as reviewing the charging position and doing personal credit information. Considering that the subsidy for new energy vehicles in Shanghai may change next year, I also asked about the pure electric drive of Tang EV. However, the clerk said that it is not clear about Tang EV except that it will be launched at the end of the year. He also said that if you only drive in the urban area, or if the radius of activities does not exceed 150 kilometers, it is actually more worry-free to choose the pure electric version-but the car price may be higher.

At present, this brand-new generation of Tang DM in the store is the second top model with a price of 279,900 yuan. The clerk pointed to its 22-inch feet and told me that this car should have only 20-inch wheels as standard, but if it is decided before September, it can be upgraded to this 22-inch wheel and Brembo professional brakes for free. In fact, the upgraded configuration is basically consistent with the flagship (329,900 yuan) whose 0-100 acceleration is only 4.3 seconds, which is quite cost-effective! However, because I am still in the wait-and-see stage for the new car, I still want to wait for Tang EV, although this offer is not small.

The previous Tang 100 car interiors always gave me a little "local" flavor, but this has been obviously improved in the new generation of Tang DM. In the words of my friend in Songjiang, it is "the overall texture has reached a higher level". Although I think there is still a gap between the details (such as material collocation, curve and straight line application) and my XTS, at least it is not easy to pick out the thorns at once: at least the soft parts are soft and the hard parts are hard, and even the red stitching on the leather is true! Moreover, because the central control part uses a large flat plate to solve everything, the "sense of technology" in the carriage is much higher than before. I noticed that there is no seat memory on the door at present, but the clerk immediately told me that because this is a test car, the officially sold sub-top version has three sets of memory linkage (seat, steering wheel and exterior rearview mirror). Well, this function is very important for my family where two people drive alternately.

The steering wheel is good in workmanship and feel, and the big "Tang" logo is more pleasing to the eye than BYD. After sitting in the front seat and adjusting the seat to a lower position, there is still a punch on my head, so the head space is still relatively rich. However, this should also be related to the fact that the sunshade of the panoramic sunroof of this car is a thin sunshade fabric similar to Mercedes-Benz GLC, rather than a whole sunshade.

As early as the first generation of Tang was listed, many media praised BYD for being willing to pile up all kinds of "high-tech" equipment in the car, but on this new car, there are all functions such as keyless entry/one-button start, ambient light, 360-degree panoramic view, ACC adaptive cruise, lane assist, full LCD instrument panel, seat ventilation/heating, internal and external driving recorder and so on. However, to my regret, the HUD head-up display that has been used on XTS has not appeared in any version of the new generation of Tang DM-this is a special configuration that doesn’t matter if it is used, but once it is used, it can never be returned.

The DiLink intelligent networking system of this car is also a big selling point. Of course, in my opinion, it is a large Android tablet (12.8 inches and 14.6 inches) that can be rotated electrically (by operating on the screen or pressing keys on the steering wheel). Two days ago, some media compared it with three mainstream in-vehicle intelligent systems, Zebra and GKUI, and the evaluation was that the other two were not as open and playable as DiLink. In fact, since DiLink is really an Android tablet, theoretically you can install all kinds of third-party apps on it and do whatever you want while driving (co-pilot operation). The operation fluency and response speed (including voice control) of this tablet have indeed improved greatly compared with the previous generation of central control, but to be honest, it has not achieved the experience like iPad.

Many third-party apps have been installed on this new generation of Tang DM that I have experienced (only three or four kinds of music are played), and it feels smooth to open, apply and switch various operations. But the problem is that many apps are displayed vertically by default, so when the screen was originally displayed horizontally, as soon as you click an app (such as Baidu map), it will automatically rotate the screen to an upright position-sometimes you have to press the button again to turn it back. I hope that in the future, the DiLink system will enable all kinds of apps to start on the horizontal screen by default through OTA, otherwise it is inconvenient and unsafe to control the big screen while driving.

Of course, I also listened to the car audio system of the new generation of Tang DM. It is said that the new generation of Tang DM, which is equipped with top and sub-top, adopts a 12-speaker system (no brand name), but to be honest, it sounds far from my XTS. The low frequency is full of sense, but the middle frequency is tight and the high frequency is not very transparent. Perhaps this kind of sound is enough for users who like to "move and hit" when driving, but for me, I may still try to modify it.

This brand-new Tang DM in the store can be electrified and ignited, but it can’t be driven out for a test drive. From the appearance point of view, the new generation of Tang DM is similar to Tang 100 in the layout of gear buttons and has the same function. After pressing the start button, the car driven by pure electricity is silent and completely unaware that the car has started; After the HEV mode is enabled, the engine intervenes, and the noise inside the car is not obvious at this time. According to the clerk, on the one hand, this is because the front window of the new car uses double glass, and there is also a newly designed sound insulation cotton under the engine cover, so the noise introduced into the compartment will be much reduced; On the other hand, the whole power system has also undergone major changes, so the noise of the gasoline engine itself has also decreased. Of course, if you want to enjoy pure quiet driving all the time, it is more suitable to choose EV version.

Finally, there are a few things I want to say:

First of all, I personally don’t need this 7-seat version of the new generation of Tang DM: there are two people at home, plus occasionally taking my colleagues out, five seats are enough. Even if I bought seven seats, I guess I have put the last two positions flat all the year round to increase the luggage storage space. In addition, I heard that 7-seater cars are slightly more troublesome than 5-seater cars in terms of annual inspection, travel tax, etc., so although it is not difficult to get in and out of the third row of this car, I still think it is more accounting to buy the 5-seater version;

Secondly, in my eyes, the new generation of Tang DM has beautiful shape, large space, rich technology configuration, 4.5s acceleration, pure electric drive of 100 kilometers, and mixed fuel consumption of 7-8 words … these are the advantages that make me feel excited; The BYD brand, no HUD, and the need for audio transformation are not intolerable shortcomings. As for the sub-top with less than 300,000 yuan, the pricing of the Shanghai brand is even more "conscience". However, Tang DM actually has a "shortcoming" that I can’t make up my mind: it doesn’t have automatic driving assistance like Tesla or Weilai.

Ok, I admit that L4/L5 is unrealistic for the current domestic traffic situation, but can the L2-level autopilot that can make Li Xiang, a "car and home", endure many shortcomings of Tesla Model X and remain infatuated with it? Besides enabling ACC adaptive cruise and lane keeping at high speed, can I also enjoy the worry-free functions such as automatic lane change overtaking and automatic car following on urban expressways? Yes, even if BYD really has this function, it is not enough for me to trust it like Tesla AP2.0 (in fact, my hand has to be held all the time), but since it is a masterpiece of domestic new energy vehicles, can BYD take a step closer in this respect?

Now it seems unrealistic to expect a new generation of Tang DM to realize this function, so is it possible to surprise me in this respect on the Tang EV to be released at the end of the year?

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Guangzhou Automobile has launched a pure vision intelligent driving system without drawing and all-solid-state power battery, which is planned to be loaded in 2026.

  On the 2024 Guangzhou Automobile Science and Technology Day, Guangzhou Automobile launched an unmanned pure vision intelligent driving system and an all-solid-state power battery. () It has achieved a key technical breakthrough in mass production of high-safety and large-capacity all-solid-state power batteries of vehicle specifications, and has three core advantages of ultra-high energy density, ultra-high safety and large-capacity all-solid-state batteries. It is expected to be loaded on Haobo vehicles in 2026. Guangzhou Automobile Map-free pure visual intelligent driving system can be applied to complex and changeable whole scenes, and it does not need high-precision maps, does not rely on lidar, and combines visual sensors and industry-leading AI algorithms to realize intelligent driving with wider coverage. The volume energy density and mass energy density of GAC all-solid-state power battery are increased by more than 50%, so that the cruising range of the whole vehicle can exceed 1000km. Guangzhou Automobile Map-free Pure Visual Intelligent Driving System has three leading abilities in visual recognition, including the ability to accurately understand complex traffic roads, the super traffic signal recognition ability and the ability to deal with complex and changeable scenes. In addition, GAC’s map-free pure visual intelligent driving system also has the ability of continuous learning and evolution, and can iteratively optimize the algorithm in the simulation test to achieve self-improvement and evolution.

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Brand-new RV naming: Freedom Gun? The Great Wall has a rich imagination.

People are afraid of changing their names, but cars are even more afraid.

Our own brand may have been used for less than 10 years, and the joint venture brand has just learned. As for the luxury brand, Brother Cha thinks it is the most conservative one.

Stepping into March, a wave of new cars hit, in order to stand out from the crowd, you can really try to change a good name and get out of the circle quickly, such as the title "Free Artillery Car", which has properly become the focus of hot discussion in these two days.

Everyone knows that the Great Wall pickup truck is called "Great Wall Gun (parameter picture)", which is not only easy to remember, but also full of power, which reminds people of the explosive power of pickup trucks when climbing hills and pits. However, the newly launched RV, which is made by Great Wall and Hebei Lanzhong RV and converted from pickup trucks, has a one-bedroom and two-bedroom independent kitchen and toilet, which can take you to poetry and the distance, with a pre-sale of 318,800-358,800 yuan. It should be a niche product, but it has been changed.

Brain supplements brain supplements, and the product strength of the free cannon is good in the RV. The 2.0T diesel/gasoline engine (maximum power is 120kW/140kW, peak torque is 400Nm/360Nm)+ZF 8AT gearbox, intelligent four-wheel drive system+rear differential lock, 660L super-large capacity through luggage compartment, independent kitchen, storage stove, double bed, sofa and 24-inch.

It is not an accident for the Great Wall Department that the new car is not listed, and it is circled only by its name. From last year’s Haval Dog, first love, white/black cat, tank to the recent WEY Mocha, there is no familiar routine, only what you can’t think of, and no Great Wall marketing team dares to change it.

I still remember that "Harvard First Love" was first announced at last year’s Beijing Auto Show. At that time, Tea Brother’s first reaction was that his ears were not working well, and a colleague was even more giggling and puzzled: I can understand what you said about a big dog, which is quite in line with the personality of a small off-road SUV, but the first love is very big. What should I do if I want to buy the first love, but my wife doesn’t allow it?

In any case, "walking the cat and driving the tank, first love the free battery car" has left a deep impression on the market, which is enough. It’s normal that you will be questioned by the avalanche if you don’t play cards according to common sense, but Brother Cha will praise this whimsy.

Of course, many people DISS. This is just an eye-catching scam. Come on, consumers are very rational now. Buying a car depends on the strength of the product. If you can sell it with only a strange name, you can build a popular car by yourself.

Following closely behind the Great Wall Department is FAW Toyota. Allion, the new A+ sedan of TNGA platform unveiled at Guangzhou Auto Show at the end of last year, was originally transliterated as Aolan, but the Chaoshan pronunciation was suspected to be indecent. At that time, there was a heated debate and even overshadowed the limelight of the new car. Today, judging from the official final name of "Asian Lion", Yifeng listened to the opinions of the market.

It is true that when the Asian lion came out, the keyboard men came to vomit again. Did Yifeng keep a "zoo"? The Asian dragon comes first, then the Asian lion, and the brain will make up for the next abundant version of Highlander. Is it even harder? I lament that the requirements of netizens nowadays are really high, and transliteration and free translation are a bit difficult to adjust.

In fact, the Asian Dragon is the best example of nickname boarding the temple, and the new car Allion is positioned under the Asian Dragon, and the English name lion also implies the meaning of lion, so the naming of "Asian Lion" is not unexpected. Moreover, the brand/car system named after vigorous and flexible animals has long existed: Jaguar Land Rover, Outback, Beauty Leopard, Ram … As long as you search online, the articles about popular science cars named after animals have long been ruined.

The product strength of Allion Asian Lion was also explained in detail by Tea Brother before. It was positioned as an A+ sedan with a wheelbase of 2750mm, and the 2.0L+CVT gearbox with the same model as Asian Dragon was listed at the end of March.

If Yifeng is a little bolder, it can adopt the Great Wall to name Allion as a global name for Haval Dog, which should be more sought after, so that the new car will be popular before it goes on the market; However, there are many talented people among the people, and there are uncontrollable risks. At that time, the name of Haval Big Dog was a bit "played badly". As a result, I found that the tea brother is still old, and the acceptance of new things is not fast enough for the majority of netizens. Now, looking at the name of the big dog, the sense of substitution is very strong, and the owner is also happy, which has become a beautiful stroke of bicycle marketing.

Aside from naming new cars that don’t follow the routine, English+numbers are still the most popular names, or English names are transliterated. The former are mostly European brands, such as mercedes benz c, Audi A4L and Volvo S60L, while the latter are common in Japanese brands, Corolla and Fit. Of course, there is no absolute gap between the two. In the naming of joint venture models, Tea Brother thinks that the most wonderful one is ODYSSEY, a brave and clever ancient Greek hero Odysseus, who has overcome countless hardships and dangers in a ten-year journey, which has both heroic connotations and distant symbols.

SAIC Chase MAXUS Latest Pickup: SAIC Bull

There are many meaningful names of independent brands in consumers’ minds, such as BYD dynasty series: Qin, Han, Tang, Song and Yuan, Geely’s "Star", "Bo" and "Bin" generations: Borui, Xingrui and Binrui’s car series, Xingyue, Boyue and Haoyue’s SUV series, which are very representative, and almost every one is said.

A good car name is not only loud and meaningful in the market, but more importantly, it captures the minds of consumers. Even if it is inadvertently remembered or mentioned, people can’t help but think of it, so that the named segment has reached the level of "moistening things silently" and the audience is willing to spread it.

The naming of English+numbers is not necessarily brilliant, but the brand aura can’t be ignored. Mercedes-Benz’s classic "When you can’t choose, you can’t go wrong with choosing C" and "After five passes, you will cut six generals" are all based on BBA’s super brand and the product strength inherited from several generations. Of course, you can play like this, and other brands can only match it.

Tea brother’s words:

Named after new cars that don’t follow the routine, tea brothers are expected to come one after another (at this time, they turned their eyes to the Great Wall), which is a very good thing. The rims are more diversified, but in the end they are still excellent products.

It’s okay to change any name, but promise us that we won’t use the permutation and combination of Plus, Pro, Max, etc. after the car name. People in the car circle like Brother Cha sometimes have to react for a while, not to mention the average consumer, who is 200% stupid and confused, has its own brand @all.

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The Great Wall pushes the "explosive" pickup truck again, and the conductor of 2.0t+5m 6, how much will it cost?

Pickups are rare compared with SUVs and family cars in life. For a long time, everyone only used them as a means of transportation, but the Great Wall never thought so. The launch of the "cannon" series played a role in the pickup market. Up to now, the global sales of Great Wall pickup trucks have exceeded 2 million, which shows that its image as a "tool car" has gradually faded.

Pickup truck is a very popular model in foreign countries. People go to Costco to buy things with big packages and need cars with good loading capacity. At this time, the advantages of pickup truck are more obvious, and people who pursue quality life in China are more and more fond of camping and other lifestyles, so pickup trucks are becoming popular.

At this Guangzhou International Automobile Exhibition, Great Wall also launched the pickup truck of King Kong Gun to enrich its Great Wall Gun series, which is another step towards the goal of global product layout with full lineup, full scene and full price coverage in the future. The Great Wall pushes the "explosive" pickup truck again, and the conductor of 2.0t+5m 6, how much will it cost?

The Great Wall King Kong cannon broke the stereotype of commercial pickup trucks in appearance, and people mostly stayed in the solemn and calm appearance similar to Ford Raptor. The appearance of the Great Wall King Kong Gun is very design-oriented, the overall style adopts the "minimalist" design language, and the front face adopts the blasting launching net, which is very powerful. The headlights are dot-matrix headlights at dawn, and the interior is a combination of LED light sources, which has a good sense of design and practicality. The side waistline is slender and has a sense of movement, especially the hot wheels-shaped wheels give people a bright feeling. A U-shaped dual-magnetic three-dimensional taillight echoes the shape of the front face, further enhancing the overall design sense. The overall feeling of King Kong cannon in appearance can be summed up in the word fashion, because it is very appetizing for young friends.

Sitting in the car, the Great Wall King Kong cannon doesn’t have many decorative elements, so it doesn’t have the gorgeous interior of a luxury SUV. However, the overall texture of the interior of the Great Wall King Kong Gun is still very good. It adopts a double-row seat design, which has the comprehensive ability to pull people and carry goods, and the rear space has been enlarged to further improve the ride comfort.

In terms of internal configuration, the Great Wall King Kong Gun has a car networking system. With the accumulation of lemon platform, a tool pickup truck can also be connected to the network in minutes, which makes young users fall in love instantly. This is the most direct benefit of the intelligent layout and platformization of the Great Wall. Therefore, the Great Wall King Kong Cannon can have rich functions, which is very advantageous compared with other competing pickups and gets rid of the simple and simple state of commercial vehicles in the past.

Let’s take a look at the measurements of this big guy. The length, width and height of the Great Wall King Kong cannon are 5635/1880/1815(1840)mm and the wheelbase is 3410mm respectively. The body is still very huge, and the domineering feeling is very good with some tall car owners, so pickup trucks are also the first choice for many fitness enthusiasts. In terms of details, the Great Wall King Kong cannon is also intimate with pedals, which makes it more convenient to get on and off. The internal dimensions of the container rail are 1820/1500/495(470)mm, respectively. The cargo capacity is also very good. At the same time, the new car will provide 235/65 R17 or 245/65 R17 tyre size for consumers to choose and build their own personalized pickup truck.

In terms of power, the Great Wall King Kong Gun will be equipped with a 2.0T diesel engine with model GW4D20M produced by Great Wall Motor Co., Ltd., and its maximum power is 166 horsepower. There is absolutely no need to worry about power. Not only the pickup truck of the Great Wall King Kong Gun, but all pickup trucks will not have weak power. Consumers can rest assured of this.

In addition, at this auto show, the Great Wall King Kong Gun showed us a special version for professional users in addition to the regular version. For example, the special edition of communication: several kinds of professional communication equipment are added to the cargo box of the vehicle. In some places affected by natural disasters, the original communication equipment may not work normally, and when the mobile phone network on the spot has no signal, weak coverage, network congestion and other conditions, an emergency communication vehicle is needed to provide voice and Internet access functions for disaster relief personnel. In some remote areas, the above support capabilities can be realized by satellite communication equipment. The Great Wall King Kong Gun itself has a strong passability, and it can be more comfortable to deal with areas that need this equipment.

King Kong Cannon Farmer Edition: The Great Wall King Kong Cannon Farmer Edition is a co-created model created by Great Wall and Extreme Flying Technology. The overall carrier of this model adopts aluminum profile structure, which has the characteristics of light weight, durability, good corrosion resistance and stronger bearing capacity. At the same time, there are special fixed card points for drones, unmanned vehicles and battery charging boxes. In addition, the Great Wall King Kong Cannon Farmer Edition is also equipped with a 290L wave tank and a high-pressure water gun, which can clean up pesticide residues in time and avoid corrosion of the car body and equipment. Before the Great Wall King Kong Cannon was introduced, this kind of vehicles were mainly large trucks, but in many cases, large trucks were not suitable for shuttling on narrow ridges. Therefore, in the past plant protection process, large trucks could only be parked on the roadside, and service players often needed to carry drones to narrower roads. Now, replacing the original truck with the Great Wall King Kong cannon can save the manpower for moving and improve the work efficiency.

Generally speaking, the truth of the Great Wall King Kong Gun has opened our eyes, which has broken the stereotype of commercial pickup trucks. Many netizens said that this car exploded after it went on the market, and the appearance of special models also proved the strength of the Great Wall King Kong Gun from the side, which made us look forward to the future Great Wall Gun series.

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Single computer genius creates robot girlfriend who slaps the indecent person.


Inventor Wu Le and his female robot.



It also responds to gentle contact.



If you grab her hard or pinch her, Aiko will slap you.



My head is full of wires.


  A computer wizard in Canada has been too busy with his career to take care of his marriage. He has not found true love yet, but he has created a perfect girlfriend-female robot according to his own mate selection criteria.


  Female robot video has a devil figure.


  The female robot is called Aiko, which means lovely child. The inventor Le Trung is 33 years old. Aiko is in her prime, in her early twenties, with beautiful hair and delicate facial features, and her measurements are the devil’s figure of 32, 23 and 33. She can even remember Wu Le’s favorite drink. She can simply do cleaning and housework. Besides, she is good at math. She can recognize people, read newspapers loudly and give directions.


  Aiko is made of silicone and artificial intelligence technology, and it is simply a slave who is willing to pay for Wu Le. Wu Le is a scientific genius from Brampton, Toronto, Canada. He said that because he had no time to talk about his girlfriend, he used the latest science and technology to create a perfect girlfriend. Wu Le said that he really didn’t design Aiko as a sex doll, but with a little improvement, Aiko can really have this function.


  Man’s perfect companion


  Wu Le said that he could redesign the related software to make Aiko feel happy to reach orgasm. Wu Le used to be a software programmer. In order to continuously improve Aiko, he sold his car and spent all his savings. Wu Le said, "I want her to be as human as possible in appearance, feeling and behavior, so that she can become a perfect partner."


  Wu Le often dresses Aiko in all kinds of beautiful clothes, and takes her to drive to the outskirts of Canada for a picnic. When she is tired, she goes to a restaurant to eat, but Aiko never eats. Wu Le said: "So far, she can understand and speak 13,000 English and Japanese sentences, so she is very smart. When I do the accounts, Aiko will give me the math. She is very patient and never complains. "


  Aiko’s face and body are very sensitive to touch. If she feels loved or hurt, she will react. In addition, like a real woman, she can react to the touch of others. If you grab her hard or pinch her, Aiko will slap you. She has four other senses besides her sense of smell. Wu Le will further improve Aiko’s software and increase her skills in the next few years.


  Aiko will slap people who behave badly.


  Wu Le was a scientific genius since he was a child. He built his first robot at the age of 8 and started designing Aiko at home two years ago. Wu Le had a slight heart attack last November because of the pressure brought by designing robots. Wu Le admitted that a heart attack at the age of 33 really shocked him. "The doctor said that I mainly worked too hard. Maybe one day, I may need Aiko to take care of my daily life. "


  Wu Le said that Aiko does not need holidays, food and rest, and works almost nonstop 24 hours a day. She is definitely the most perfect woman in a man’s heart. When people meet Aiko, their reactions are very complicated. Wu Le said: "They don’t love or hate Aiko. Some people are quite angry about this and say that I am teasing God. "


  "Sometimes, people throw stones at Aiko. This really makes me feel uneasy. But many people are interested in her. Ladies are generally impressed by Aiko and are eager to talk to her. Men have different reactions. They all want to touch her. If they behave badly, Aiko will slap them in the face. "

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Heze Haval Xiaolong Hot Promotion! The latest offer is 129,800 yuan, and the promotion is limited.

In [car home Heze Preferential Promotion Channel], it is in progress. If you need to buy a car in Heze, now is an excellent time. It is understood that Haval Xiaolong can enjoy a maximum discount of 10,000 yuan, and the minimum starting price is 129,800 yuan. Want to know more about the discount details of Haval Xiaolong, click "Check the car price" in the quotation form, and strive for higher discount!

https://car2.autoimg.cn/cardfs/product/g28/M03/D6/E0/autohomecar__CjIFVGRmJWuAEzm6ADDkktKEbbo059.jpg

Haval Xiaolong is a highly recognizable SUV model. Its front face design adopts a unique "flying wing" air intake grille, and with streamlined body lines, it presents a dynamic and stable overall style. The body lines are smooth, the lines are strong, and the front of the car is wide and powerful, which is very domineering. The lines on the side of the car are smooth and full of tension, the rear design is simple and generous, and the appearance design of the whole car is very visual impact. In addition, Haval Xiaolong’s body is decorated with a lot of chrome, which makes the whole car more luxurious and upscale. Generally speaking, the design of Haval Xiaolong is very recognizable, and it also has a sense of movement and luxury. It is a very attractive SUV model.

https://car2.autoimg.cn/cardfs/product/g28/M00/0B/83/autohomecar__ChxkmmRmJW6AQzRQADW1IU2wMB0479.jpg

Haval Xiaolong’s body size is 4600*1877*1675 mm, with a wheelbase of 2710 mm and a front and rear track of 1583/1587 mm. Its side lines are smooth, showing a sense of movement and strength. The front and rear wheels are made of 225/60 R18 tyre size, and the matching of tires and rims makes the whole car side more exquisite.

https://car2.autoimg.cn/cardfs/product/g27/M00/57/8E/autohomecar__ChxkmWRmJeCARf29ACZNIEQJivw073.jpg

Haval Xiaolong’s interior design is simple and atmospheric, with black and silver color matching, creating a high-end atmosphere. The steering wheel is made of leather, which feels comfortable, and the position can be manually adjusted up and down and back and forth, which is convenient for the driver to operate. The central control screen size is 12.3 inches, which supports speech recognition control system, including multimedia system, navigation, telephone, air conditioning, skylight and window, and is easy to operate. USB/Type-C interfaces are configured in the front row and the rear row to facilitate the charging needs of passengers. The seat is made of imitation leather. The main driver’s seat can be adjusted in front and back, backrest and height, the co-pilot’s seat can be adjusted in front and back, and the rear seat supports proportional tilting, which increases the flexibility of the interior space. The overall interior design gives consideration to comfort and practicality, providing a good driving experience for drivers and passengers.

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Haval Xiaolong is equipped with a 1.5-liter four-cylinder engine with a maximum power of 74kW and a maximum torque of 132 N m. The engine uses a 2-speed DHT gearbox, which can provide a smooth shifting experience. At the same time, the car also adopts advanced hybrid technology, which makes it perform well in fuel economy. If you have higher requirements for power performance, Haval Xiaolong also provides other power configurations for you to choose from.

In terms of appearance, Haval Xiaolong does have an irresistible charm. The owner of car home said that he was very interested in the appearance of Haval Xiaolong, and the overall sense of science and technology was full. The front line is clear, and the design of the closed middle net and headlight groups on both sides makes the whole front look very simple and dynamic. Although the body size is quite satisfactory, the real car looks not small, the side lines are tough, the proportion is coordinated and very sharp. The sunken design of the roof and the triangular shape of the D-pillar forward tilt make the whole rear feel very rich. In addition, the design of the taillights on both sides of the rear is also very eye-catching, and the overall appearance is heavy and elegant. It can be said that the design of Haval Xiaolong is very successful, which not only conforms to the aesthetics of young consumers, but also makes people feel the tough style of Haval brand.

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Evergrande, Huawei, Baidu, and Xiaomi frequently move, and the giants have "built cars". What is the odds?

  On April 19th, Evergrande, Huawei, Baidu and other "new forces to build cars" frequently acted, or released new cars or announced intelligent solutions for automobiles. On the same day, the A-share automobile index plate rose by more than 6%, among which the driverless concept stocks and the automotive electronics concept stocks set off a daily limit.

  Text, Table/Guangzhou Daily All Media Reporter Ni Ming, Zhang Lu, Chen Lili? , Xu Xiaofang

  Mobile phone terminal business will decline in 2020.

  Huawei switched to auto track.

  On April 19th, an all-media reporter learned from an internal employee of Huawei that on April 20th, "Huawei’s flagship store will have a huge new partner", and the video released at the same time clearly revealed the outline of a car with the caption "Huawei’s flagship store welcomes new partners in Shanghai, Shenzhen and Chengdu on April 20th". The reporter noticed that SF5, the smart selection of Celeste Huawei, had appeared in Huawei official website that day, but as of press time, Huawei had not provided the purchase entrance.

  Regarding cross-border car building, Huawei has repeatedly stated that it will not enter the field of car building. At Huawei’s annual report meeting in 2020, Hu Houkun, the rotating chairman, reiterated that Huawei’s position in the field of smart cars is that component suppliers have not changed.

  Industry insiders told reporters that Huawei’s active entry into the auto industry is not unrelated to the current decline in its mobile terminal business. The reporter observed Huawei’s financial report in recent years and found that in 2020, Huawei’s revenue growth slowed down to 3.8%, the lowest in the past decade. Regarding the annual report data, Hu Houkun, Huawei’s rotating chairman, said that the growth rate of consumer business did not meet expectations last year, and admitted that the sales of mobile phones were affected last year due to supply problems. In this case, industry insiders told reporters that the decline of Huawei’s mobile phone sales is not only related to the spin-off of HONOR, but more importantly, the current capacity of Huawei’s mobile phones is restricted by the lack of "core" factors.

  When Huawei’s intelligent driving department is profitable, Su Qing, chief architect of Huawei ADS and president of intelligent driving product line, said that autonomous driving does not have to worry about profitability. It is reported that Wang Jun, president of Huawei’s smart car solution BU, said that this year’s investment in research and development will reach 1 billion US dollars (about 6.5 billion yuan).

  However, according to the financial report, Huawei’s cash flow has been reduced. The financial report shows that Huawei’s cash flow from operating activities in 2020 was 35.2 billion yuan, down 61.5% year-on-year. In this regard, Huawei said that this is because it has increased investment in supply, research and development, and material storage.

  Compared with Xiaomi, which announced to join the ranks of car manufacturers at the end of March, its cash reserve in 2020 is as high as 108 billion yuan. Industry insiders told reporters that if Huawei’s capital is invested in the vehicle manufacturing industry with long manufacturing cycle and high capital occupation, the pressure is obvious. At present, Huawei chooses to lay out the smart driving industry or it is an expedient measure.

  The A-share automobile index plate rose more than 6%

  On the same day, the 19th Shanghai International Automobile Industry Exhibition (hereinafter referred to as the 2021 Shanghai Auto Show) opened in 2021, which is also the first A-class auto show held in the world as scheduled this year. At this year’s Shanghai Auto Show, on the one hand, the brands of self-owned brands continue to rise and rise in the process of change; On the other hand, it is a joint venture with foreign capital to increase electric power. Under the entry of new and old forces and technology giants, electric intelligence has risen.

  Among them, Baidu Apollo Lego car intelligent solution was fully unveiled, and the two products of Zhijia and Zhiyun ushered in a heavy upgrade. Its Zhiyun products can support car companies to quickly build intelligent capabilities, and shorten the autopilot research and development cycle that originally took at least 7 years to complete to 6 months. 100 days after the official announcement, Baidu CEO Li Yanhong and Geely CEO Li Shufu got together. According to people familiar with the matter, the meeting between the two was not at the Shanghai Auto Show, and Jidu Automobile will announce a big cooperation. In addition, Wuling New Energy’s first convertible Hongguang MINIEV CABRIO made its world debut. Evergrande made its debut with nine models of Hengchi, covering all levels from A to D, as well as a full range of cars, coupes, SUVs, MPVs and crossover vehicles.

  On April 19, the A-share automobile index plate rose by more than 6%, and many stocks such as Dongfeng Motor, Guangzhou Automobile Group and Changan Automobile had daily limit. In the Hong Kong stock market, as of the close, Wuling Automobile rose by 27.53%, with an intraday increase of over 30%; Geely Automobile rose by 4.82%; BYD shares rose by 4.77%, and Beijing Auto rose by 4.14%.

  The reporter also noticed that the automobile industry chain has strengthened its linkage, including unmanned driving, complete vehicles, automotive electronics, auto parts, lithium batteries and other branches, among which unmanned driving concept stocks and automotive electronics concept stocks have set off daily limit tides respectively.

  New forces should get through the capital barrier, capacity barrier and market barrier as soon as possible to build a car.

  The reporter observed that at the end of March and the beginning of April, China’s "new forces to build cars" continued to move: on March 30, Xiaomi, who built cars across the border, announced that "the initial investment will be 10 billion yuan, and the investment in the next 10 years will reach 10 billion US dollars"; On April 7, the 100,000th production car of Weilai was mass-produced at Jianghuai Weilai Hefei Advanced Manufacturing Base. On April 8th, the Management Committee of Wuhan Economic and Technological Development Zone and Xpeng Motors officially signed the investment agreement of intelligent networked automobile manufacturing base and R&D center project & HELIP; …

  The "14th Five-Year Plan" clearly states that it will focus on strategic emerging industries such as new energy vehicles and organize the implementation of future industrial incubation and acceleration plans in industries such as hydrogen energy. The market believes that this is a strong support for the development of new energy automobile industry. Moreover, the goal of peak carbon dioxide emissions and carbon neutrality has become a national strategic goal, which has also injected a strong impetus into vigorously promoting the development of the new energy vehicle market.

  Not only that, in terms of smart cars, the "14th Five-Year Plan" is also clear, and the Internet of Vehicles is actively and steadily developed. The three departments issued the "Recommended Guide for the National Internet of Vehicles Industry Standard System (Intelligent Transportation Related)", and the system construction and development related to the Internet of Vehicles continued to accelerate. The reporter observed that the cooperation between car companies and high-tech enterprises is also accelerating. For example, Huawei cooperated with Arctic Fox, a new energy brand of BAIC, to launch an intelligent luxury pure electric car, Beiqi Alfa S, and Evergrande established a joint venture with Tencent. In this regard, Bohai Securities released a research report that optimistic about the trend of automotive intelligent networking, smart cars are expected to have "explosive" production models this year.

  Zhong Shi, an auto industry analyst, believes that now Chinese and foreign auto companies have clearly seen the general trend of industry transformation and entered the new energy auto industry, which will bring new survival challenges to the "new forces to build cars", and they must pass the capital barrier, capacity barrier and market barrier as soon as possible. He also said that in the end, the growth of China’s new energy automobile industry depends on the comprehensive competition of automobile enterprises in terms of advanced technology, cost control, perfect supply chain, excellent quality, safety and reliability. "Objectively speaking, ‘ The new force of making cars ’ The technical challenges are still enormous, and domestic car companies in China need to redouble their efforts to seize the opportunities brought about by this industry transformation. "

  Fu Yuwu, honorary chairman of China Automotive Engineering Society, also stressed in an interview that "new car companies should respect the objective laws of technological development, and at the same time exert their efforts on the new track of intelligence and electrification, they should also maintain their awe of the automobile industry".

  It is estimated that the sales volume of new energy vehicles will increase rapidly in 2021.

  Faced with the overweight of joint venture car companies and the expansion of production capacity of China’s own brand car companies, is there an oversupply of new energy vehicles? On the production side, in the first quarter of 2021, the added value of the automobile manufacturing industry increased by more than 50% year-on-year; According to the data of China Association of Automobile Manufacturers, in the first quarter, the output of new energy vehicles in China was 533,000, and the sales volume was 515,000, up 3.2 times and 2.8 times respectively. For the future market, some car companies told reporters that they are currently expanding their factories to increase production capacity. Among them, GAC Ai’ an is expected to invest about 500 million yuan, and plans to double production capacity in early 2022.

  On the sales side, in the first quarter of this year, the retail volume of narrow passenger cars totaled 5.092 million, up 68.8% year-on-year, and the growth rate reached a record high. For the substantial increase in the retail volume of passenger cars in the first quarter of this year, the Federation explained that in addition to the low sales base in the same period last year, there is also a major driving factor that the contribution of new energy vehicles is increasing. According to the data of the Federation, in the first quarter, the retail volume of new energy vehicles was 437,000, a year-on-year increase of 302.9%. In the first quarter, the retail penetration rate of domestic new energy vehicles was 8.6%, which was significantly higher than the 5.8% in the same period last year. Among them, the penetration rate of new energy vehicles in independent brands in March was 20.5%.

  Some industry analysts believe that production capacity does not mean actual supply. In the face of changes in fuel vehicles and new energy vehicles in the market, in addition to adjusting the product structure, auto companies will re-target the marketization goal of new energy vehicles according to their own advantages, and create marketing methods for electric vehicles, which will affect the sales strategy and consumers are expected to benefit.

  Huaxi Securities believes that with the continuous improvement of the sales structure and quality of new energy vehicles and the continuous introduction of high-quality new models such as ModelY series, supply will drive demand changes, and the penetration rate of new energy vehicles is expected to accelerate. It is expected that sales will increase rapidly in 2021.