Original title: 2018 World Artificial Intelligence Conference launched a high-end dialogue on smart cities, and provinces and cities accelerated the construction of pilot cities | Smart City Weekly

On September 18th, the 2018 World Artificial Intelligence Conference and Edge Intelligence Theme Forum was held in Shanghai. The theme of the forum was "Edge Computing, Smart Future" and it was one of the important theme forums of the 2018 World Artificial Intelligence Conference.

Yu Kai, founder and CEO of Horizon, stressed in his speech that human beings are moving from the era of big data to the era of big computing, and the trend of edge computing is the result of the global Internet technology trend "long-term integration and long-term separation".

"In the PC era, all calculations are on computers, not local calculations. With the development of the Internet, data is increasingly transferred to the cloud and the center, and computing is slowly concentrated from the edge to the cloud. From the beginning of the mobile Internet to the arrival of the Internet of Things era, we have gradually seen another trend-more computing has migrated from the center to the edge. "

At the same time, he also predicted that by 2025, the computing power that every thousand dollars can buy is equivalent to 1000 T, which is enough to support the computing needs of five-level driverless driving. If we continue to develop the matching software system based on this, it is predicted that by 2030, the real five-level unmanned driving will become possible. The interesting thing about the technological trend is that the computing power of 1000 T’s is just equal to that of human brain, which is also a development result worth pondering. (Source: Lei Feng Net)

Shenzhen-Shantou Special Cooperation Zone may become a pilot project for the construction of smart cities.

As the "10+1" zone in Shenzhen, the Shenzhen-Shantou Special Cooperation Zone has always been concerned by the outside world. At the two sessions of Guangdong Province held at the beginning of this year, the Guangdong Provincial Committee of the Agricultural Workers’ Party put forward the Proposal on Accelerating the Integrated Development of Shenzhen-Shantou Special Cooperation Zone and Shenzhen. The reporter was informed that the Shenzhen Municipal Government recently responded to the proposal, revealing that it will speed up the establishment of a rapid transportation network in Shenzhen and Shantou, and create an innovative experimental zone in the "enclave" of the cooperation zone in the fields of smart city construction, marine management, talent management and institutional reform, so as to promote the integrated development of the "10+1" zone and Shenzhen.

It is understood that according to the "Adjustment Plan of System and Mechanism of Shenzhen-Shantou Special Cooperation Zone" approved by the Guangdong Provincial Party Committee and the provincial government, it clearly supports the recent construction of a high-speed railway with a speed of 350 kilometers per hour in the Shenzhen-Shenzhen special cooperation zone (hereinafter referred to as "Shenzhen-Shantou Railway"). In its reply, the municipal government revealed that Shenzhen has proposed the Shenzhen-Shantou Railway Station (Xili-Pingshan-Huizhou-Cooperation Zone, which connects with the Guangzhou-Shantou Railway at the Shenzhen-Shantou Station in the Cooperation Zone). The initial planned length of the line is about 130 kilometers, and the investment is estimated at 23.5 billion yuan. At present, the Provincial Development and Reform Commission has entrusted the design unit to carry out the pre-feasibility study of the project. (Source: Shenzhen Business Daily)

The automatic parking service technology jointly developed by Daimler and Bosch is based on the L4 stage of automatic driving, but it has little requirements for the whole vehicle and sensors, so it is a black technology with universal value. To some extent, Bosch, as a supplier, will be the biggest beneficiary, but Mercedes-Benz must be the leader of this technology.

Chen Ming, president of Bosch Intelligent Networking Division in China, said: "The automatic parking service technology jointly developed by Bosch and Daimler is another effort made by both parties towards intelligent and connected transportation in the future. This new technology will make traditional manual parking a thing of the past, helping drivers save parking time and relieve anxiety. "

It is worth noting that this technology has low requirements on the vehicle itself and sensors, which on the one hand reduces the use cost of the owner, and consumers do not need to pay for too many sensors. On the other hand, it is more convenient to calculate when multiple vehicles use the automatic parking service system at the same time, so as to reduce the accident probability. (Source: Travel Finance)

On September 12th, the unveiling ceremony of the Key Laboratory of Smart City Modeling, Simulation and Intelligent Technology of China Electric Power Branch and the first meeting of the academic committee were held in the Wisdom Institute, marking the official establishment of the Key Laboratory of Smart City Modeling, Simulation and Intelligent Technology of China Electronics Technology Group Co., Ltd. This is another important achievement in the construction of a new smart city in China Electric Examination Banner.

Relying on the construction and operation of Smart City Modeling, Simulation and Intelligent Technology Laboratory of China Electric Power Department, facing the great demand of the country and the group in the field of new smart city construction and management services, aiming at leading the future urban development concept, driving the application of urban data fusion and improving the application level of urban wisdom, the key laboratory conducts new concept research, new technology research and new application transformation around the two major directions of urban modeling, simulation and urban intelligent technology, and strives to build a city-level simulation deduction platform and a perception and cognition platform to support the formation and promotion of "urban hub".

The Key Laboratory consists of the Urban Modeling and Simulation Research Center and the Urban Intelligent Technology Research Center. It has a professional research team of nearly 30 people, bringing together talents from many disciplines in smart cities. The overall research team has a reasonable structure, clear levels and certain innovation ability. In terms of scientific research projects, the laboratory participated in the national key R&D plan, the National Natural Science Foundation of China, the special action of the new generation artificial intelligence of China Electric Power Department, the science and technology application demonstration of Shenzhen Science and Technology Commission, and the open fund project of big data national engineering laboratory, etc. In terms of practical exploration, the laboratory participated in the smart city planning of xiong’an new area through the group, and studied and practiced the smart community construction, smart transportation construction and government big data analysis in Futian, Shenzhen, striving to practice the concept of "city laboratory". (Source: National Bureau of Science, Technology and Industry for National Defense)

On September 17, Siemens signed an agreement with Jiangsu Wisdom Xinwu Information Technology Co., Ltd. under the witness of the leaders of Wuxi Xinwu District to cooperate in the field of smart cities. According to the agreement, Siemens plans to provide 100 embedded urban IOT terminals (ECB) for Wuxi Xinwu District within five years, which will be used to collect urban data, sense the basic environment and traffic flow. In addition, Siemens also participated in the "2018 World Internet of Things Expo" held in Wuxi from September 15 to 18, and exhibited its advanced technology in the fields of industrial Internet of Things and urban Internet of Things.

"Siemens is committed to providing digital solutions for the sustainable development of cities, with a complete IoT business model from consulting, hardware implementation, data analysis to industrial cloud." Dr. Zhu Xiaoxun, Executive Vice President of Siemens (China) Co., Ltd. and Dean of Siemens China Research Institute, said, "With advanced intelligent sensing and edge computing technology, Siemens will actively integrate into Wuxi’s urban construction in the field of Internet of Things to help Wuxi become a world-class smart city." (Source: Sohu Technology)

Recently, Ant Financial launched the "Digital Economy China Tour internet plus Public Transport Visit", and took the No.113 bus in Hangzhou, from Rainbow City Station to Baby Lane Station, which was 14 minutes faster than taking the subway under normal driving conditions; At the subway station of Shanghai South Railway Station, users can not only use Metro Metropolitan APP to scan the code for payment, but also use voice to purchase tickets.

Support buses and subways to achieve smart travel. Ant Financial uses big data to reconstruct bus operation capabilities, realize two-way interaction with users, and realize digital travel in smart cities.

Jin Tao, director of Shanghai Shentong Metro Group Rail Transit Information Management Center, said that Ali and Ant Financial helped Shanghai Metro successfully resolve two super cyber attacks. Non-inductive payment and palm recognition are the research directions of the two sides on the future payment methods of public transportation. Metro Metropolitan APP will be combined with cloud ticketing to provide passengers with a variety of payment channels to use at will and improve services. For Shanghai Metro, Metro Metropolis APP is the entrance to urban life, which means changing "passengers" into "users", changing "subway ride" into "Internet travel" and upgrading subway service into "O2O life". It is reported that Shanghai Metro is working with some bicycle companies to study the Internet travel mode and the co-governance of bicycle environment around subway stations. It is expected to take the lead in realizing the demonstration operation of subways and bicycles before the opening of the first China International Import Expo by using Metro Metropolitan APP. (Source: Xinhuanet)

On the morning of September 18th, the 2018 World Artificial Intelligence Conference launched a high-end dialogue on international smart cities. City representatives from all over the world spoke freely, shared successful experiences, discussed the trend of global cooperation, and looked forward to the bright future of smart city construction.

How many elements does a smart city need? Wu Zhiqiang, academician of China Academy of Engineering and vice president of Tongji University, summed up four "meetings". He pointed out that smart cities should be able to perceive, judge, reflect and learn. Smart cities should serve people and people’s urban life, such as medical care, schooling, employment, transportation, culture, etc.-everyone should participate and serve. (Source: Dongfang. com)

Recently, the second Beijing-Tianjin-Hebei Service Outsourcing Collaborative Development Forum "Smart City and the Development of Main Urban Area" sub-forum was held in arcadia Hotel. The purpose of this forum is to publicize and promote the new image of the investment environment in the harbor area, boost the new engine of industrial development in the harbor area, discuss new opportunities for service outsourcing development with more than 100 business representatives, discuss friendship and discuss cooperation.

Feng Guolin, member of the Standing Committee of the Municipal Party Committee and Secretary of the District Party Committee, attended the event and delivered a speech.

Chen Yanbao, deputy director of the Provincial Department of Commerce, and Feng Zhiyong, deputy mayor, attended the signing ceremony, and Yin Hong, member of the Standing Committee of the District Party Committee and executive deputy head of the district, attended the event.

During the activity, the guests watched the propaganda film "Rhyme of the Harbor" together. Tian Xueqing, member of the Standing Committee of the District Party Committee and deputy head of the district, signed strategic cooperation agreements with representatives of Petrochemical Yingke Information Technology Co., Ltd., Beijing Aerospace Titan Technology Co., Ltd. and Beijing Jinshan Safety Management System Technology Co., Ltd. on behalf of the people’s government of Haigang District. Hebei Softcom Power Information Technology Co., Ltd. signed a cooperation agreement with Yanshan University National University Science Park. (Source: Hebei Provincial People’s Government website)

Recently, the public service version of urban brain and intelligent transportation jointly launched by Gaode Map and Alibaba Cloud was unveiled at the 2018 Hangzhou Yunqi Conference. Dong Zhenning, vice president of Gaode Map, said at the conference that the urban brain aims to achieve the optimization of urban traffic efficiency through the "Tao" of wisdom and the "technique" of calculation, so as to achieve a beautiful vision of smart traffic life.

At the same time, in addition, Gaode Map announced the driving behavior risk index for the first time at the Yunqi Conference. In the future, the index will be applied to urban brain-smart transportation to serve road traffic safety.

At present, the urban brain faces difficulties and challenges in data aggregation, fusion and calculation, and it encounters bottlenecks in achieving accurate management and control. Mainly manifested in: there are defects in data quality, and the signal control system that has been developed for nearly 30 years still has shortcomings and deficiencies in traffic flow collection; The storage computing power needs to be solved urgently, which is manifested in the lack of ability to store the returned unstructured image data and calculate it effectively; The wisdom of data engineers, traffic management business backbones, traffic engineering basic theory and application experts needs to be integrated urgently, so that the developed algorithm can be put into practical application. (Source: techweb)

During the World Artificial Intelligence Conference in Shanghai, Horizon, an artificial intelligence startup with embedded artificial intelligence technology, announced that it had settled in Shanghai Lingang and formally signed a contract with Shanghai Lingang Development and Construction Management Committee.

According to reports, Shanghai is one of the most modern cities in China, and the richness of application scenarios and the demand for intelligence are at the forefront of big cities. Horizon firmly believes that the application scenario of artificial intelligence processor has broad prospects in Shanghai. Previously, Horizon has participated in the Lingang Haichang Park project to help the comprehensive management of smart security, intelligent transportation and smart cities.

When it settled in Lingang this time, Horizon expressed its hope to promote the landing of artificial intelligence in various application scenarios in Lingang through AI underlying computing, and further promote the landing application of edge computing in the field of urban intelligence. (Source: Netease Intelligence)

Recently, sponsored by Chengdu Municipal People’s Government, Chengdu Investment Promotion Committee and jinniu district Municipal People’s Government jointly hosted the "New Economy and New Kinetic Energy" Chengdu Smart City Development Investment Promotion Conference, which was held in Chengdu. Representatives from more than 80 well-known new economic enterprises and financial institutions from all over the country gathered together to seek opportunities for cooperation and create a better future.

The meeting also held a centralized signing ceremony for major projects, and the Sri Lankan Investment Promotion Office in China officially signed a contract to settle in jinniu district, which will build a bridge between Chengdu, China and South Asia to develop economy and trade, further strengthen the economic and trade exchanges between Jinniu and South Asia, and in the future, Jinniu will cooperate more closely with South Asia to write a new chapter in the international trade of Jinniu South Asia.

In addition, seven major industrial projects, such as Moban Science and Technology West Operation Center Project, Tiantie Industrial West Operation Center Project, Shanyouke New Retail Project and Zotye Time-sharing West Operation Center Project, have been signed with the jinniu district Municipal Government, with a total investment of 6.1 billion yuan. (Source: People’s Daily Online)

On the morning of September 20th, the press conference of the smart life convenience service platform "Nehe on the Code" was officially launched.

The project of "Nehe River in Code" is an Internet-based reform that benefits urban and rural social public services. Through the cooperation with Qiqihar Branch of China Construction Bank, the online business of government services and public services can be realized, which can make people run less errands and more data, and make enterprises and people more convenient, faster and more efficient. "Nehe on the Code" will also be stationed in various businesses covering cities and villages such as catering and retail, and create an integrated Internet business circle for local businesses to facilitate people’s lives. At the same time, it will also build a credit integrity system integrating urban and rural areas, and develop HP financial services such as credit loans and credit purchases.

The "Nehe River on the Code" project includes four business segments: smart government service, smart public service, smart business service and smart financial service. The "Nehe River on the Code" project was launched in three phases. On September 15, 2018, six businesses in the first phase of the "Nehe on the Code" project, such as collecting party fees, China Unicom, mobile phone bills, traffic violation fines and kindergarten fees, were officially put into operation. It marks the official operation of the "Nehe River on the Code" project. (Source: People’s Daily Online)

On September 20th, China’s first comprehensive exposition with the theme of digital economy-"2018 International Digital Economy Expo" officially kicked off in Shijiazhuang. As one of the important activities of this Expo, the "2018 Smart City and Digital Economy Summit" attracted more than 500 participants. Focusing on the theme of "gathering industrial ecology and sharing the future of the city", this summit invited representatives from government, production, learning and research institutions.

Ma Shujie, Secretary-General of China Smart City Industry and Technology Innovation Strategic Alliance, Ye Yuping, Member of China Digital Economy committee of 100, Dean of Softcom Power Innovation Research Institute, Yao Jiankui, Chief Engineer of Huawei BG China Smart City Research Institute, Wei Yongsen, Chief Technology Officer of Inspur Group Smart City Research Institute, Liang Manchun, Assistant Dean of Tsinghua University Public Security Research Institute, Yin Qinghua, Vice President of Taihua Smart Industry Group, Weng Nandao, Chairman of Ego Group and other expert leaders attended the forum. (Source: Great Wall Network)

The launch conference of "Changde Express Loan" was held in Changde City, Hunan Province. Chen Huiqing, member of the Standing Committee of Changde Municipal Committee and executive deputy mayor, Li Qin, director of Hunan Rural Credit Union, Tang Xixin, party secretary and director of Changde E-government Office, Lu Hua, chairman of Changde Rural Commercial Bank, and Zhang Youguo, senior vice president of Iflytek Co., Ltd. and other leaders attended the conference. More than 300 people attended the conference, including the Finance Office of Changde Municipal Government, the Municipal Development and Reform Commission, the Municipal Economic and Information Committee, Changde Central Branch of the People’s Bank of China, Changde Banking Supervision Branch, heads of district governments and news media.

"Changde Express Loan" has made remarkable achievements since its trial operation on August 8. As of September 19th, "Changde Express Loan" has received loan applications from 20,085 customers, with a total signed credit of 481.71 million yuan and a total credit of 202.06 million yuan. Among the 20085 applicants, there are 11428, accounting for 56.89%. 1552 small and micro customers, accounting for 7.73%; There are 7,105 public officials, private enterprise employees and VIP customers, accounting for 35.38%. The success of "Changde Quick Loan" has also promoted the innovation of smart city applications such as "My Changde" and government big data, and achieved the synergistic effect of "1+1+1>3". (Source: People’s Daily Online)

　　Guoneng established a joint venture with Koenigsegg, Weilai planned to issue 650 million US dollars of convertible bonds, Weimar signed a cooperation with Meituan by taxi, Baiteng announced that it would no longer set up the post of president, and the price of Tucki G3 increased by 20,000-34,000 yuan.

　　Guoneng establishes joint venture with Koenigsegg.

　　On January 29th, US time, Koenigsegg Automotive AB, a Swedish supercar company, sold 20% of its shares to NEVS. NEVS, a Swedish electric vehicle company controlled by Evergrande, acquired Saab in 2012.

　　Recently, Evergrande invested US$ 172 million to establish a joint venture with Koenigsegg, in which Guoneng Electric Vehicle Sweden Co., Ltd., a subsidiary of Evergrande, holds 65% and Koenigsegg holds 35%.

　　Christian Von Koenigsegg, CEO of Koenigsegg, said: "Koenigsegg is using our unique technology to explore new areas and explore and develop new products. This partnership will create excellent conditions for the development of the Koenigsegg supercar market, and at the same time enable us to enter an undeveloped market together with NEVS. "

　　On the same day, Koenigsegg announced that Guoneng Electric Vehicle will set up a joint venture with it to produce cars by using the Saab automobile factory previously acquired by Guoneng Automobile. Guoneng Automobile will invest 150 million euros (US$ 172 million) in Koenigsegg.

　　Weilai plans to issue $650 million convertible bonds.

　　On January 30th, Weilai issued $650 million in convertible bonds.

　　Convertible bonds are a cheaper financing method, because coupon rate is low, and bondholders can choose to convert bonds into company stocks at a set price in the future. This stock mechanism provides investors with fixed income and is expected to profit from the rise of the issuer’s share price.

　　Bank of America Merrill Lynch, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan Chase, Morgan Stanley and UBS are the joint bookkeepers of the transaction.

　　Wei Lai said that according to market and other conditions, it is planned to issue convertible bonds due in 2024 with a total amount of 650 million US dollars. The company intends to grant first-time bond buyers a 30-day option to purchase up to an additional $100 million in bonds.

　　The proceeds from the sale of convertible bonds are planned to pay for cost-limited call transactions and zero-strike call option transactions, while the remaining funds will continue to be used for research and development of products, services and technologies, production facilities and promotion of supply chain, sales and marketing and other working capital needs.

　　As one of Weilai’s shareholders, Tencent Holdings Limited and Gaoyao Capital Management Limited are expected to purchase convertible bonds of up to US$ 30 million and US$ 10 million respectively.

　　Weilai issued a statement saying that the convertible bonds issued this time are priority bills. It can be converted into American Depositary Receipts (ADSs) of the company, which will expire on February 1, 2024, and it is stipulated that unless certain events happen in the company, the purchaser shall not repurchase, redeem or convert according to its terms before this date, and the company shall not redeem the notes in advance.

　　At the same time, it is stated that under certain conditions of the enterprise, the bill holder can ask the company to buy back all or part of the bill in cash, and the bill holder can convert his bill according to his option from the second business day before receiving the redemption due date.

　　After the conversion, the company will deliver ADSs to the converted holder and pay cash instead of interest rate. The interest rate, initial conversion rate and other terms of the bond will be determined at the time of pricing.

　　Weimar and Meituan signed cooperation by taxi

　　On January 30th, Weimar Automobile and Meituan took a taxi to reach a strategic cooperation. This cooperation has built a perfect new retail system, covering many consumption scenarios including car purchase, car use and car rental.

　　In this regard, Meituan said that Meituan taxi and Weimar have already started cooperation in Shanghai. Since January 21st, Meituan taxi users in Shanghai have been able to hit the cooperative Weimar car. This cooperation is the first time that Meituan has taken a taxi to join hands with a car host manufacturer, and the two sides will jointly explore a better user travel experience.

　　Since 2018, the travel brand of Weimar Automobile, namely Guest Bank, has gradually begun to lay out travel services including public charging, urban shared car rental, travel shared car rental and online car rental. Through this cooperation, Weimar Automobile introduced its first mass-produced pure electric SUV EX5 to Meituan taxi platform, trying to introduce new retail into the online car consumption scene.

　　Meituan taxis open up traffic, big data and product operation capabilities, provide users with connections, and pre-position Weimar cars from low-frequency new retail experience links to users’ high-frequency daily travel scenarios.

　　Baiteng announced that he would no longer set up the post of president.

　　On January 29th, Baiteng Automobile announced the latest resolution of the board of directors on the adjustment of corporate governance structure.

　　The company will set up the positions of chairman and CEO, instead of the position of president. The chairman will be Dr. Carsten Breitfeld and the CEO will be Dr. Dr. Daniel Kirchert.

　　As the co-founders of the company, Dr. Bi Fukang and Dr. Daniel Kirchert will work closely together to lead the company’s strategy formulation and achieve this year’s core goal, that is, to achieve the high-quality mass production of the first pure electric SUV Batten M-Byte as planned. The appointment takes effect from now on.

　　Under the new corporate governance structure, the chairman’s main responsibilities are to coordinate all shareholders to support the company’s development, preside over the formulation of medium and long-term business development plans and product strategies, and preside over board meetings and shareholders’ meetings; The main responsibility of the CEO is to preside over the daily operation of the company and implement the decisions of the board of directors.

　　The price of Tucki G3 increased by 20,000-34,000 yuan.

　　According to the official news of Xpeng Motors, the price of Xpeng Motors G3 after subsidy has been adjusted from February 1st, and the unified price after subsidy has been adjusted from 135,800 to 165,800 yuan to 155,800 to 199,800 yuan. The price increase range is 20,000-34,000 yuan.

　　Tucki G3 is positioned as a pure electric compact SUV, equipped with a permanent magnet synchronous motor with a total power of 145kW, and uses ternary lithium battery as the driving power supply. According to official information, the 0-50km/h acceleration time of Tucki G3 is 3.7 seconds, the cruising range of constant speed is 550km, and the cruising range of NEDC is 365km.

　　At the same time, Xpeng Motors has also made great efforts to lay out infrastructure such as charging stations. By the end of 2018, Xpeng Motors has signed contracts to lay out more than 100 charging infrastructure facilities called "super charging stations" in more than 10 first-and second-tier cities such as Beishangguangshenhang.

This article first appeared on WeChat WeChat official account: auto business review. The content of the article belongs to the author’s personal opinion and does not represent Hexun.com’s position. Investors should operate accordingly, at their own risk.

As an important part of Shanghai Biomedical Industry Technology Functional Platform, Shanghai Jinjian Testing Co., Ltd. (hereinafter referred to as Shanghai Jinjian), a third-party cell preparation testing company invested and built by Shanghai Biomedical Science and Technology Development Center, recently received a happy report, successfully passed the audit of China National Accreditation Committee for Conformity Assessment (hereinafter referred to as CNAS) and was awarded a laboratory accreditation certificate. Prior to this, Shanghai Gold Inspection has successfully passed the on-site review by CMA Expert Committee and obtained CMA qualification certificate, which indicates that Shanghai Gold Inspection has established a quality management system and testing capability that conforms to domestic and international recognition.

In the future, Shanghai Gold Inspection will further strengthen the standardization of laboratory testing system, always take "scientific, fair, accurate and satisfactory" as the quality policy, actively empower the research and development of cell therapy, jointly promote the development of the industry, benefit patients and protect health.

About CNAS

China National Accreditation Committee for Conformity Assessment (CNAS) is the authoritative laboratory accreditation body in China, which undertakes the ISO/IEC 17025 standard accreditation of all laboratories in China. CNAS is a member of mutual recognition agreement between international laboratory accreditation cooperation (ILAC) and Asia-Pacific Accreditation Cooperation (APAC). According to the international practice, all the data provided by the ISO/IEC 17025 standard laboratories have legal effect, and the test data results issued within the CNAS accreditation scope have international authority and credibility, which can be recognized by more than 100 countries and regions around the world.

About CMA

CMA, the abbreviation of China Metrology Accreditation, is a comprehensive certification and evaluation of the testing ability and reliability of testing institutions by relevant government departments according to the provisions of People’s Republic of China (PRC) Metrology Law. CMA certification targets at product quality supervision and inspection institutions and other laboratories that provide fair data to the society. Testing institutions that have obtained the national metrological certification certificate are allowed to use CMA marks on their inspection reports. Inspection reports marked with CMA marks can be used for product quality evaluation, achievements and judicial appraisal, and have legal effect.

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Original title: "Shanghai Biomedical Industry Technology Functional Platform Cell Detection Sub-platform has obtained CNAS Laboratory Accreditation Certificate and CMA Qualification Certification from the National Accreditation Committee! 》

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　　China’s rapidly rising new car-making companies are in the fiercest market competition, which makes them more motivated to seek rapid landing in the capital market. The latest one is Krypton, which has just been established for two years.

　　If the IPO is successful, Krypton will be the fastest start-up car company established and listed. At present, the China Securities Regulatory Commission has confirmed the filing information of Krypton’s listing outside the United States, and Krypton also started a roadshow three weeks ago to test investors’ reaction.

　　If it goes well, this IPO with a financing scale of over US$ 1 billion will become the largest IPO of China companies in the United States since Didi raised US$ 4.4 billion in mid-2021.

　　A number of investors told the interface news that there is a great possibility of successful listing.Even when the capital is the most active, it takes the shortest time to build a car.It also took four years.

　　A person close to the investor of Krypton roadshow told the interface news that Krypton has not yet negotiated with domestic and Hong Kong investment institutions, and the focus is still on overseas investors. As of the beginning of September, Krypton has held water testing meetings with some investment institutions in Singapore and Europe.

　　Judging from the preliminary negotiation results, Krypton hopes to get a valuation of $18 billion, which is equivalent to the current US stock market value of Auto, whose latest market value has reached $18.274 billion.

　　Several industry investors told Interface News that this valuation was higher than expected. For reference, the acquisition of shares of Volkswagen GroupThe latest market value after the stock price soared was $15.8 billion. In February this year, the post-investment valuation of Krypton Pre-A financing was $13 billion.

　　Considering that it is still in the early stage of intentional communication, there will still be room for downward adjustment in the offer to investors.

　　In recent years, more and more traditional automobile manufacturers in China have established brand-new electric brands, launched independent teams and new products equipped with the latest technology. They are eager to occupy the global pure electric vehicle market and pursue success in the long-term capital market.

　　Extreme krypton isIts pure electric brand is also one of the new brands of traditional automobile companies that are closest to IPO at present. At the same time, it is reported that Ai ‘an, a sub-brand of GAC, may be listed before the end of the year.

　　Krypton is likely to become another China automobile company to land in the US stock market. It has been three years since Tucki was successfully listed on the NYSE, and it is the last new China car-making force to land on the US stock market.

　　It must be admitted that at present, Krypton wants to get a market valuation equivalent to the next "Wei Xiaoli", and the difficulty coefficient doubles.The environment in which it is listed in the US stock market is completely different from the active period of the capital market, and the enthusiasm of investors for the reform of the automobile industry has gradually cooled down.

　　The craze for China companies to go public in the United States began in the 1990s, and the China electric vehicle startup "Wei Xiaoli" with Internet genes also relied on the east wind at that time.After ringing the bell, it gradually grew into China’s headCar company.

　　This close capital cooperation relationship between China and the United States changed at the end of 2020. Subject to enhanced regulatory review, extremely high inflation and risingIn the past two years, the number of Chinese stocks listed on the US stock market and the scale of fund-raising have dropped sharply.

　　The closure of the listing window in the United States has limited the financing of some start-up electric vehicle brands to some extent, but it has not prevented the China automobile industry from completing the alternation of the old and new order. At present, about one car in every three cars sold in China is a car, except for thisExcept, all the other best-selling models are China brands.

　　The new force of making cars is no longer the only protagonist in the automobile market. Traditional automobile manufacturers in China have hatched brand-new electric brands one after another, and participated in the competition with the mentality and urgency of start-up companies and the talent structure similar to that of technology companies.

　　These new energy sub-brands also hope to win the favor of investors. This can not only ensure that it has sufficient funds to cope with the subsequent market competition, but also reduce the cost burden of the parent company in the transformation of new energy.

　　After the financing fever of electric vehicle start-ups peaked in 2021, the Federal Reserve continued to raise interest rates to fight inflation in 2022, and the borrowing cost rose sharply. Wall StreetIssuance, bond financing and corporate merger have all slowed down to almost exhaustion.

　　Although the rising cost of capital is also impacting speculative enterprises in other fields, capital-intensive electric vehicle startups have been hit harder.

　　The cost of establishing a new automobile manufacturing enterprise is high in the early stage, and it will take several years to make a profit. Investors are willing to pay a premium for potential high returns in the era of hot money, but those days are gone forever.

　　Investment bankers, lawyers and investors believe that although there have been signs of recovery this year and the market has gradually rebounded, it is unlikely that the US IPO market will return to the level of 2020 and 2021. Start-ups need to re-adapt to the new investor mentality, that is, pay attention to the potential of start-ups to achieve profitability, rather than the ability to achieve rapid growth.

　　Gui Lingfeng, director of Kearney Consulting, told Interface News that the US capital market still has reservations about emerging projects such as China Stock Exchange, including Krypton, and vehicle manufacturers that only provide pure electric vehicles.

　　"The layout of Krypton in Europe is not easy, especially in German-speaking areas. The core is to enhance the sense of existence in front of overseas investors as soon as possible. From this perspective, they themselves realize that overseas investors are more conservative about their own business models, products and prospects. "

　　Judging from the valuation model, Krypton is still regarded by investors as a technology-based enterprise, not a traditional automobile manufacturer.An industry insider who asked for anonymity pointed out in an interview with Interface News that the current valuation of krypton in the industry is based on 2 to 3 times the sales rate.

　　"From the perspective of open market information, the sales rate of 2 to 3 times has actually been placed in the’ first echelon’, and the valuation prospects are more promising." After the extrusion of the high valuation bubble, the marketing rate of "Wei Xiaoli" has also dropped from the high level of more than 20 times in the past to 2 to 4 times.

　　In contrast, the median sales-to-sales ratio of auto companies listed in the US stock market is 0.81. Traditional automobile manufacturers Toyota, Honda, Stellantis and Krypton’s parent company all have sales rates below 1 times.

　　Market-to-sales ratio (PS) is often used to measure the valuation of unprofitable high-growth start-ups, which refers to how much investors are willing to pay for the company’s revenue of one yuan.

　　For the unprofitable extreme krypton and new car-making forces, the core of investors’ evaluation of market value is not the income from car sales, but largely depends on the future software charges with higher marginal benefits, technology output and imaginative autonomous driving market prospects.

　　The particularity of Krypton lies in that it is a China electric vehicle brand that is separated from the traditional automobile company and seeks independent listing.Although the capital market prefers completely independent new brands without burdens, relying on it, Krypton will amortize the platform R&D investment and capital expenditure together with other Geely brands. This is an extremely advantageous advantage, or let the polar krypton present.The data is optimistic.

　　It is worth noting that Geely Group has the largest number of sub-brands in the world.

　　"Investors will look at it rationally, and whether the R&D and supply and procurement costs of extreme krypton can be reflected in the gross profit of the financial report through the scale advantage of Geely Automobile.Statistically. "

　　Gui Lingfeng told the interface news, including how exclusive the vast architecture of SEA can be, and the strategic investors.How much support is given to Krypton will affect the final valuation of Krypton.

　　If Krypton chooses to postpone its listing for one to two years, it will be more likely to obtain a larger financing amount and valuation.The above-mentioned insiders believe that as the Fed starts to cut interest rates again in the next 1-2 years, it will drive the secondary market to increase its enthusiasm. From the market fundamentals, the volatility of the US stock market declined, inflation eased, and investors began to speculate again.

　　Considering its own financial situation and subsequent development, Krypton hopes to seize the market recovery period as soon as possible and rebound with the market trend.In the first half of this year, the net loss of krypton reached 809 million yuan, which continued to expand compared with the loss of 759 million yuan in the same period of last year. From the construction of offline channels to the completion of the cockpit and the short board of intelligent driving, it is necessary to continue to invest money.

　　Including from within Geely Group, there is a growing demand for Krypton’s self-financing and independence. Due to the pressure on profitability in the early stage of new energy transformation and the related investment in the start-up business of extremely high-end smart electric vehicles, global rating agenciesandThe credit outlook of Geely Holding Company and Geely Automobile has been adjusted from stable to negative.

　　During the quiet period of the capital market, many start-ups were forced to do things that seemed unimaginable two years ago: continue to reduce costs and increase efficiency, with profitability as the core benchmark. Some start-ups that failed to get external financing support in time, with the passage of time, their cash reserves are decreasing day by day, and eventually they will go bankrupt or be acquired.

　　Compared with the competition for customers, automobile manufacturing is more a competition for capital, especially in the initial stage.Compared with other traditional automobile companies’ sub-brands, Krypton is one of the few companies that have the mature conditions for listing.

　　At present, Krypton has initially taken shape. Last year, the annual sales volume of 70,000 single-model vehicles was enough to tell the next story to the capital market. the year of 2020At the time of listing, the annual delivery volume was 32,600 vehicles.

　　Another factor that is easily overlooked is that Geely Automobile, the parent company, may be the most adept at capital operation in China, and its experience in dealing with foreign investment institutions for many years has laid the foundation for the listing of US stocks today. Krypton considered Hong Kong as the first listing place, but finally chose new york, which also reflected its confidence and ambition-hoping to get a higher valuation in the world’s largest capital market.

　　In 2010, Geely Automobile succeeded fromThe acquisition of Volvo in the hands staged a classic of "snake swallowing elephant" in the history of automobiles.The case also made Geely Automobile go to the world. After that, the investment portfolio of Li Shufu, chairman of Geely Holding Group, also includes a part of the equity of aston martin, a sports car brand, and a dominant interest in electric vehicle start-up brands such as Polar Star and Lotus Technology.

　　Before the successful listing of Krypton, Li Shufu had been listed for several subsidiaries in the past two years. Volvo in Stockholm, Sweden in 2021The exchange made a public offering, followed by Polar Star and Yijiatong. Lotus Technology also reported this year that it will be listed on the US stock market through SPAC.

　　The investment institutions involved in the above-mentioned listing actions are very likely to appear in the extremely kryptonian investor list. Thanks to the close contact between the parent company and global investment institutions, Krypton at least does not need to introduce where he comes from when negotiating with foreign investors.

　　Some people commented to the interface news that Geely Automobile will not make an uncertain listing plan. Except for the listing of ants in 2021, Geely Automobile withdrew its listing in science and technology innovation board, and all other listing targets were successfully achieved.

　　Investors’ concern about Krypton is how to achieve the goal of selling 650,000 vehicles in 2025 while ensuring their independence.In investment, platform sharing andandIn terms of the supply of scarce parts, there will inevitably be conflicts of interest between Krypton and other high-end electric vehicle brands under Geely.

　　Extreme Krypton, Volvo, Polar Star, Lotus Technology and Geely andThe jointly launched Extreme Vietnam is striving for the same customers, and some of the models they developed are based on the common vast SEA architecture, and even some models are produced in parallel.

　　The Wall Street Journal quoted investor analysis as saying that Geely Automobile’s listing of its subsidiary, rather than the holding company itself, may make the governance challenge of brand competition more difficult: any hint that Li Shufu prefers a subsidiary is a minority.Will be very important for everyone.

On May 31st, the global launch conference of Chery TIGGO Tiggo 9 was held in Beijing, and five models were launched, including the leading version, the deluxe version, the distinguished version, the ultimate version and the flagship version, with an official guide price of 152,900-203,900 yuan.

Tiggo 9 is the first model built by Chery Automobile based on the Mars architecture-super hybrid platform, which integrates the most advanced product technology and configuration points of the Tiggo family. Its launch is an important node for Chery to start a new global journey in the new era.

Since the listing of the first generation of Chery Tiggo, it has always reflected the development and evolution of domestic automobile brands and is a witness to the rise of domestic brands. The brand-new Tiggo 9 listed this time will bring users a higher quality and higher value life experience through the global upgrade with the strength of "9 leapfrog comforts +3 flagship qualities".

As one of the earliest global car companies in China, Chery Automobile has been the export champion of China passenger car brand for 20 consecutive years, and has become the "China business card" loved by users in more than 80 countries and regions around the world. As the pioneer and forerunner of self-owned brand SUV, the Tiggo series has achieved the brilliant achievement of "300W+ global users" since its birth 18 years ago.

Wuhu Daily reporter Zhao Dandan

　　China news agency, Beijing, April 17 (Reporter Liu Yuying) Recently, the China market has intensively released new models of 5G mobile phones, and various manufacturers have preempted the layout for possible "retaliatory consumption".

　　This week, OPPO, Huawei’s glory and Yijia all released new 5G mobile phones. Huawei P40, which was released once in the world in March, held a special conference for the China market last week. In February and March, more than 10 manufacturers using Qualcomm Snapdragon 865 chips released 5G mobile phones.

　　Due to the outbreak of the epidemic, the mobile phone market in China experienced a cliff-like decline in January and February, and the shipment volume decreased by 44% year-on-year. With the acceleration of resumption of production and work, the mobile phone market in China shipped 21.756 million units in March, down 23.3% year-on-year, but the chain increased significantly, 3.4 times that of 6.384 million units in February.

　　Regarding the market heat, Zhang Yang, an analyst at Zhongcheng Think Tank, believes that the mobile phone market has not yet picked up, but it has begun to pick up. Previously, due to the epidemic, many manufacturers delayed the release of new machines. Now that the isolation measures are lifted, manufacturers will release new models as soon as possible.

　　Yu Chengdong, CEO of Huawei’s consumer business, said that the China market recovered quickly. Huawei’s mobile phone sales recovered quickly from the end of February to the beginning of March, and achieved very good growth in March.

　　5G is undoubtedly the driving force behind the recovery of the mobile phone market. China’s rapid construction of 5G network is one of the reasons to attract consumers to purchase it.

　　According to the data of China Information and Communication Research Institute, in March, the shipment of 5G mobile phones reached 6.215 million units, an increase of 162% compared with the previous month, setting a new monthly sales record.

　　Zhang Yang predicted that in the second and third quarters of this year, especially during the "618", "double 11" and "Double 12" e-commerce carnival, 5G mobile phones are expected to usher in a small sales peak.

　　Compared with the high-end mobile phones and flagship machine, most of which were above 5,000 yuan (RMB, the same below), the price of 5G mobile phones is dropping. The glory 30 series just released, the price is between 2999 yuan and 5499 yuan; OPPO Ace2 is priced between 3999 yuan and 4599 yuan; One plus eight series is between 3999 yuan and 5999 yuan.

　　Zhong Xinlong, a researcher at the Institute of Informationization and Software Industry of CCID Think Tank, said that from the released 5G mobile phones, the functions are being differentiated. The Ace2 released by OPPO this week is a game mobile phone for mobile game enthusiasts, and the whole configuration fits the needs of the game. In the future, there may be mobile phones for different users, such as female users, and consumers may have more than one 5G mobile phone.

　　Zhong Xinlong said that compared with the 4G era, the competition of 5G mobile phones will be more intense, and strengthening research and development is expected to survive. For example, vivo and Samsung cooperate to develop 5G chips to meet the different needs of users. Xiaomi has also invested in a number of chip companies with the intention of building a whole industrial chain.

　　At present, the market tends to pick up, and manufacturers also go all out. However, whether the growth can be achieved throughout the year depends on the speed of the popularization of 5G mobile phones.

　　In the 4G era, the popularity of 4G mobile phones benefited from the thousand yuan machine. Wu Hequan, an academician of China Academy of Engineering, said earlier that the price of 5G mobile phones is still high.

　　Zhong Xinlong said that in terms of the price distribution of 5G mobile phones, more than 4,000 yuan is a high-end machine, 2,000 yuan to 4,000 yuan is a mid-range machine, and less than 2,000 yuan is a low-end machine. At present, the price of 5G mobile phones is generally above the mid-range. The reason is that mobile phone production is a scale effect. The higher the output, the lower the marginal cost, and the whole cost will come down.

　　The industry predicts that with the intensification of competition in the whole market, low-end models will appear next year. However, it is also reported that if the market is hot, it is expected to launch a 5G mobile phone below 2000 yuan this year.

CCTV News:In recent years, with the deepening of the concept of green development, the competition around the new energy industry is also intensifying, as the heart of new energy vehicles — — The importance of power battery is self-evident. Just recently, the share price of Contemporary Amperex Technology Co., Limited, a power battery company, has been rising continuously, with a total market value exceeding 1.3 trillion yuan in one fell swoop. Behind the enthusiastic performance of the capital market, the problem of "battery shortage" in the new energy automobile industry is highlighted.

Not long ago, the media reported that He Xiaopeng, CEO of Xpeng Motors, personally stayed in Contemporary Amperex Technology Co., Limited for a week in order to get the battery from Contemporary Amperex Technology Co., Limited. Zeng Yuqun, the chairman of Contemporary Amperex Technology Co., Limited, said at the recent shareholders’ meeting that he couldn’t stand the recent urging of customers. Behind this, a "battery shortage" is quietly coming.

Demand exceeds supply, and major power battery manufacturers are operating at full capacity.

In order to meet the needs of car companies, major power battery companies have also started their horsepower. Ganfeng Lithium Industry is a lithium battery manufacturer in Xinyu City, Jiangxi Province, supplying many new energy vehicles such as Tesla Model3 and BYD Han.

Huang Jingping, Director of Quality Department of Yifeng Lithium Battery Factory:Since the beginning of the year, we have basically not stopped production. In a month, we are basically producing at full capacity for 28 days.

Ensure that battery supply car companies are "holding their thighs"

Faced with the shortage of batteries, car companies dare not neglect, and hold the "thighs" of power battery manufacturers in advance. In early June this year, Great Wall Motor signed a ten-year strategic cooperation framework agreement with Contemporary Amperex Technology Co., Limited for power batteries.

Head of Great Wall Motor Investor Hotline:The shortage of battery supply is a common problem facing the industry at present, and we should also make the layout in advance. The main thing is to ensure a battery supply from Contemporary Amperex Technology Co., Limited to the Great Wall.

Tesla CEO Musk has repeatedly expressed his concern about the shortage of battery supply, bluntly saying how much the supplier gives and how much Tesla will buy.

Elon &bull, CEO of Tesla; Musk:The supply of power batteries is more or less, which restricts the development of new energy automobile industry at present. Tesla has made it clear to major battery suppliers that we will do our best to purchase the batteries produced by Contemporary Amperex Technology Co., Limited, Panasonic and LG Chem.

On the evening of June 28th, Contemporary Amperex Technology Co., Limited announced that the company had signed an agreement with Tesla to supply lithium-ion power battery products to Tesla in the next four years.

Zhang Xiang, a researcher at north china university of technology Automotive Industry Innovation Research Center:The phenomenon of battery shortage has always existed in the industry. Car companies such as Volkswagen and Audi have also been forced to suspend the production of some models because of lack of batteries. For the development of global new energy automobile industry, the problem of battery supply is like a "sword of Damocles" hanging over the head.

SNEResearch, a global emerging energy market research organization, predicts that by 2023, the global demand for power batteries for electric vehicles will reach 406 GWH, while the supply of power batteries is expected to be 335 GWH, with a gap of about 18%. By 2025, this gap will expand to about 40%.

On March 23rd, Geely Automobile Holdings Limited released its 2020 financial report. Although some sectors performed brilliantly, Geely Automobile’s revenue and net profit declined in 2020 compared with 2019, which the company attributed to the COVID-19 epidemic.

In 2020, Geely Automobile achieved revenue of 92.1 billion RMB, down 5.4% year-on-year. Net profit was 5.57 billion yuan, down 32% year-on-year, compared with 8.26 billion yuan in the same period last year. The profit attributable to shareholders was RMB 5.53 billion, and the ending cash balance was RMB 19 billion.

After the results were announced, the market reacted strongly. In the afternoon, Hong Kong stock Geely Automobile plunged in a straight line, with a drop of over 7%.

In 2020, the cumulative sales volume of Geely Automobile exceeded 1.32 million, ranking first in the sales volume of China brand passenger cars for four consecutive years. However, this figure is 3% lower than that in 2019.

Among them, the annual cumulative sales volume of high-end brand Lexus reached 175,000 units, up about 37% year-on-year.

In terms of profit structure, its joint venture company contributed 880 million profits (including 580 million yuan from Jizhi Financial Company and 260 million from Link), accounting for about 15.6% of the net profit; Royalty income is 570 million yuan, accounting for about 10.2% of net profit.

In 2020, Geely Automobile accelerated the payment to its suppliers to alleviate the impact of production interruption caused by the epidemic, which also led to a significant decrease in the net cash inflow from its operating activities.By the end of 2020, the net cash flow from operating activities of Geely Automobile decreased by 87% year-on-year to 1.6 billion yuan.

In order to revive its financial resources, in May 2020, Geely raised HK$ 6.48 billion by placing 600 million new shares to institutional investors.

With the help of the proceeds from the placement, the total cash level of Geely Automobile (bank balance and cash+pledged bank deposits) will remain at about 19 billion yuan at the end of 2020.

In the second half of the year, the negative impact of the COVID-19 epidemic on Geely Automobile decreased.

In contrast to the bleak sales in the first half of 2020, in the second half of 2020, Geely Automobile’s sales increased by 49%, revenue increased by 50% and net profit increased by 40%.

In overseas markets, despite the restrictions of the COVID-19 epidemic, Geely Automobile’s "sea layout" is still accelerating.

In 2020, Geely Automobile sold nearly 273,000 overseas vehicles, up 25% year-on-year, covering nearly 30 countries. Among them, Link’s European offline experience store opened; In the Southeast Asian market, the annual sales volume of Proton Automobile under Geely reached 109,000 vehicles, and the export increased by 49.8%.

In terms of research and development, Geely Automobile has invested 4.8 billion yuan in 2020.In 2021, Geely’s R&D investment will continue to increase to cope with the wave of smart electric vehicles.

In 2020, in order to optimize the product structure, under the poor environment, Geely Automobile successively launched new models such as ICON, Haoyue, Xingrui, LECK 05 and LECK 06.

However, since mid-2019, the higher discounts and concessions offered by Geely to its dealers offset the positive impact brought by the continuous improvement of its product portfolio, making the average ex-factory sales price of Geely in 2020 similar to that of the same period last year.

If the high-end brand Lexus sold by its 50% equity joint venture company is taken into account, the average ex-factory sales price of Geely Automobile increased slightly year-on-year.

This also shows that the current profit pressure of new car sales in the automobile industry is great, and enterprises should pay more attention to after-sales service and other value-added businesses.

In order to continue to increase the market share, in 2021, Geely Automobile set the sales target at 1.53 million vehicles, up 16% year-on-year.

In order to step into the era of "4.0 comprehensive architecture system" faster, Geely Automobile announced that it had entered into a framework agreement with Geely Holding and established a joint venture company.

On March 23rd, Krypton Company was established, and it is planned that Geely Automobile and Geely Holding will jointly contribute 2 billion yuan. Among them, Geely Automobile holds 51% and Geely Holding Group holds 49%.

Li Shufu became the chairman of the company, and An Conghui became the CEO of the company.

Extreme Krypton Company will increase its R&D investment in the field of new four modernizations, and build the full-stack self-research capability of intelligent software and hardware. It will integrate various assets and technologies, including but not limited to electric vehicle technology, the right to use the vast intelligent evolutionary experience architecture (SEA), brand authorization, three power technologies, supply chain system construction and user ecological construction.

The joint venture company will become a subsidiary of Geely Automobile, and its financial performance will be consolidated with Geely Automobile.

As early as last September, the Shanghai Stock Exchange disclosed that Geely Automobile had an IPO meeting in science and technology innovation board. However, Geely has made no substantial progress in the process of officially landing in science and technology innovation board.

China’s stock market regulator questioned whether the company was high-tech enough, Lianhe Zaobao quoted people familiar with the matter as saying.

In this regard, Yang Xueliang, vice president of Geely Holding, said that there is no further information to provide. According to the information disclosure standard of the listing process, everything is subject to the approval of the regulatory authorities.

　　Nowadays, the price of new energy vehicles is the same as that of fuel vehicles, and it is inevitable that new energy will grab the share of fuel vehicles. Take the medium-sized and large SUV with a budget of 300,000-400,000 yuan. Do you want to increase the program, or the pure fuel version of Ford? Both cars have a body exceeding 5 meters, and the whole department has a 6-seat design. Explorers have 6 seats and 7 seats to choose from. The guide prices of M7 and 2023 explorers are 319,800-379,800 yuan and 309,800-379,800 yuan respectively.

　　Space: The third row of explorers is slightly more spacious than the M7.

　　In terms of sales volume, there were 1,100 vehicles sold in the market in July, while in August, the total sales volume of the entire customer M5 and M7 reached 10,045 vehicles, and the effective orders of the customer M7 so far exceeded 50,000 vehicles. Looking at the explorers, in the first eight months of this year, the total sales volume was 8964 vehicles, and the average monthly sales volume exceeded 1000 vehicles. From the current point of view, the monthly sales of the M7 and the Explorer are similar, but what about the future? The market will give the answer!

　　From the product itself, both the Explorer and the Quest M7 are medium and large SUVs with similar body sizes, but the Explorer is 43 mm longer than the Quest M7, and the Explorer with a wheelbase of 3,025 mm is longer than the Quest M7 with a wheelbase of 2,820 mm. The longer wheelbase gives the Explorer a slightly more spacious third row space than the Quest M7. Compared with the size, the length, width, height and wheelbase of the explorer’s body are indeed above the boundary M7.

　　Performance: The rear drive explorer accelerates faster and the four-wheel drive interface M7 is stronger.

　　From the performance point of view, the zero-acceleration of Explorer’s rear-wheel drive and Wenjie’s M7 rear-wheel drive is 7.6 seconds and 7.8 seconds respectively, and only the lowest equipped models of the two cars are rear-wheel drive designs, and the prices are 309,800 yuan and 319,800 yuan respectively. In terms of four-wheel drive models, the four-wheel drive acceleration of Explorer and Quest M7 is 7.8 seconds and 4.8 seconds respectively, and the guide prices are 329,800-379,800 yuan and 339,800-379,800 yuan respectively, and the prices are close.

　　Explorers are all equipped with a 2.3T turbocharged engine and a matched 10AT transmission, with an output of 276 HP and 425 N.. Rice, just add 92# gasoline. The 1.5T four-cylinder engine on the M7 is only used for power generation and does not directly drive the vehicle, but 95# gasoline needs to be added. The M7 rear drive is equipped with 200 kW and 360 N.. Rice motor; Like the rear motor of the four-wheel drive model, the power of the front motor is 130 kW and 300 N. Rice.

　　M7 plus 95# gasoline, but the fuel consumption is lower than that of Explorer, and the front suspension of Explorer is better.

　　Explorers refuel for a few minutes, but the battery life of M7 rear drive and four-wheel drive pure electric WLTC is 150 km and 135 km, and it takes 30 minutes for slow charging and 5 hours for fast charging. People who buy extended-range cars generally don’t want to wait for a slow charge, unless they have a private charge at home, which is mainly to refuel and generate electricity. The fuel consumption of M7′ s rear drive and four-wheel drive is 6.85L and 7.45L respectively, while the combined fuel consumption of Explorer’s rear drive and four-wheel drive is 9.07L and 10.08L, and the actual fuel consumption may be slightly higher than this fuel consumption.

　　In terms of energy consumption, at the same price, even with refueling, the fuel consumption of the boundary M7 is definitely lower than that of the explorer, and the use cost of the boundary M7 will be lower than that of the explorer. If you drive for a short distance and charge conveniently, the use cost under charging is lower. Looking at the driving quality, Explorer’s front suspension is a double-ball-joint spring strut suspension, while Wenjie M7 is an ordinary McPherson independent suspension, and both rear suspensions are multi-link independent suspensions.

　　The key point is the difference of the front suspension. As the best family car controlled by BMW, BMW 3 Series also adopts the double-ball joint spring shock absorption strut suspension, which makes the control more accurate and flexible. However, there is a 40-degree ternary lithium battery on the chassis of the car body, which makes the weight of the chassis heavier. After the center of gravity is lowered, the driving quality of the car body will not be weak.

　　In terms of configuration, the asking M7 is more abundant than the explorer, but it is not much at similar prices. Take the entry-level rear-drive model as an example, the asking M7 is 10,000 yuan more expensive, which also includes door-opening warning, 360 panoramic image, full-speed adaptive cruise, automatic parking, HUD head-up display, wireless charging function of front-row mobile phones, heating, ventilation and massage functions of the first and second rows of seats, and 12 audio and negative ion generators. However, regarding the central control screen, the explorer’s 27-inch screen is larger than the 15.6-inch screen of the world M7, and both the explorer and the world M7 have L2-level driving assistance capabilities.

　　Write it at the end

　　The budget of 300,000-400,000 yuan is to buy medium and large SUVs, and the explorers provide 6 and 7 seats to choose from, while only 6 seats are available to ask for the M7. At similar prices, the configuration of the M7 is slightly richer than that of the explorers, while the M7 is exempt from purchase tax, and thanks to Huawei’s technical blessing, its popularity is higher than that of the explorers. Judging from the use cost, the fuel consumption cost of the M7 is definitely lower, and both cars can be poetic and far away. The short-distance M7 can also reduce fuel consumption by pure electric driving. Although the space of the boundary M7 is slightly smaller than that of the explorer and the central control panel is not as large as that of the explorer, at a similar price, many people may choose the boundary M7 for the sake of green cards and lower fuel consumption.

　　When it comes to China’s own brand car companies, BYD can definitely occupy a place. In the new energy vehicle market, BYD Han is undoubtedly one of the models that are currently concerned. As the flagship model of the brand, Han EV has won market recognition by virtue of its superior performance and excellent endurance, and as a plug-in hybrid model of its first milk compatriot — Han DM was also listed at the same time.

　　In fact, in the domestic market, BYD plug-in hybrid models have been sought after by consumers with the advantages of "short-distance electricity consumption and long-distance oil consumption". According to statistics, the sales volume of plug-in hybrid models in China market in 2019 totaled 204,200. As the flagship model of BYD plug-in hybrid, Han DM appeared strongly at this time. Can it stir up the new energy vehicle market again? Recently, the reporter tested this model.

　　At present, Han DM is selling two models, namely, the luxury model with four-wheel drive performance, with a subsidized price of 219,800 yuan, and the distinguished model with four-wheel drive performance, with a subsidized price of 239,800 yuan. The car is positioned as a medium and large luxury car, and it is also BYD’s first production car equipped with super hybrid DM-p technology. The model tested by this reporter is a four-wheel drive performance version.

　　In terms of appearance, Han DM inherits the design language of BYD family Dragon Face, which is different from the fully enclosed air intake grille of Han EV. Han DM adopts a hexagonal air intake grille with a large mouth, which makes the front face look more aggressive and recognizable.

　　In terms of size, the length, width and height of Han DM are 4960/1910/1495mm and the wheelbase is 2920mm respectively. The lines of the whole vehicle are simple and smooth, highlighting the simple and elegant temperament, which also highlights its extravagance as a flagship model.

　　When you get into the car, the 15.6-inch large screen on the center console is definitely an eye-catching highlight, and the interior style full of traditional elements of China also creates a strong elegant luxury. In terms of interior materials, Han DM has also made great efforts. Nappa leather package with white cork veneer and careful attention to details highlight the exquisiteness and sophistication that Han DM should have as a flagship model.

　　It is understood that Han DM is BYD’s first plug-in hybrid production car equipped with hybrid DM-p technology, which is optimized and upgraded on the basis of DM 3.0, in which the letter P means powerful and strong, and from its 4.7-second 100-kilometer acceleration, it is enough to match the "strong" strength.

　　The system consists of a 2.0T all-aluminum engine and a high-voltage, high-speed and high-efficiency driving motor. The 6-speed wet powershift has a maximum power of 321kW and a maximum torque of 650N&bull. m。 In addition, Han DM is equipped with a power battery with a capacity of 15.2kWh, and the cruising range of NEDC in pure electric mode is 81km.

　　Calm and smooth flagship luxury car should have the gas field.

　　The first feeling of driving Han DM is that it is very calm, which is in line with its gas field as a flagship luxury car. The driving experience on urban roads can also be summarized by the word "smooth". In terms of chassis, Han DM adopts the combination of front McPherson independent suspension and rear multi-link independent suspension. When the road surface is slightly bumpy, Han DM can easily resolve the vibration, and the vibration filtering is relatively soft, which is almost imperceptible to the front and rear passengers in the car. It is very suitable for daily use, and the whole process makes people feel very comfortable.

　　In terms of power, Han DM provides five power modes, including pure electricity, parallel connection, series connection, high speed and energy recovery. EV pure electric mode is perfect for daily commuting in urban road conditions, which is very light to drive and fast to start and accelerate at medium and low speeds. When the battery is low, the system will automatically switch to HEV mode, and the engine will provide the main power and charge the battery in reverse.

　　In HEV mode, Han DM showed a rapid performance of 4.7 seconds. Under the dual drive of motor and engine, it can feel its powerful power output whether starting or overtaking. In the high-speed section during the test drive, this excellent high-speed sports characteristic was brought into full play.

　　In addition, what impressed the reporter was that in this mode, every intervention of the engine can be "smooth and silent", and the switching is very smooth, which makes people feel no jitter, and the whole process can be described as "smooth".

　　The five power modes of Han DM all adopt intelligent switching, without manual control by the driver, and the vehicle will automatically switch according to the vehicle demand in each working condition and scene, thus ensuring the optimization of power and energy consumption.

　　In terms of handling, the steering power of Han DM is divided into standard and sport. In the standard mode, the reporter’s personal feeling is a little heavy, and girls need to adapt to it when driving, but this is also in line with the stability of its steering texture as a flagship model.

　　In terms of quietness, the official data of Han DM show that when the speed is 120km/h, the noise value in Han DM car is only 63.5 decibels. This has also been fully proved during the test drive. When the vehicle travels to 100-120km/h on the expressway, the passengers in the vehicle do not need to raise the tone deliberately, and the sound insulation effect is ideal.

　　Comprehensive intelligent configuration brings a rich car experience.

　　In addition to bringing quiet feeling to the interior space, Han DM is also equipped with a series of intelligent configurations. In addition to the rotating 15.6-inch screen mentioned above, Han DM is also equipped with DiPilot intelligent driving assistance system, which can realize L2.5-level automatic driving assistance, including full-speed adaptive cruise, curve speed control system, front collision warning system, automatic emergency braking system, pedestrian identification/protection system, emergency braking assistance system and lane departure warning system. Combined with the software and hardware system of DiLink 3.0, the interaction between people and vehicles is realized, which brings more convenient and intelligent operation and richer car experience.

　　In addition, in terms of active safety, Han DM is equipped with 15 radars, 6 cameras, 3D panoramic transparent image system, and has the functions of speed sensing automatic locking and active tire pressure detection, so as to ensure the safety of people in the car at all times during driving.

　　In the post-epidemic period, in order to meet consumers’ higher requirements for in-vehicle air disinfection, Han DM is equipped with CN95 filter element with remote high-temperature disinfection and sterilization mode, so that drivers can fully disinfect the in-vehicle air before getting on the bus, filter pollutant particles adsorbed by viruses in advance, and reduce air hazards when using the car.

　　In addition, it is worth mentioning that for female drivers, Han DM also thoughtfully adopted Fuyao’s "Sunscreen Black Umbrella" with silver-plated film interlayer to prevent three safety car windows, and the ultraviolet isolation rate reached over 99%, so that women don’t have to worry about sun protection while driving.

　　Editor’s summary:

　　It is undeniable that the price of more than 200,000 yuan is not cheap for self-owned brand models, but if it has many advantages such as high performance, high configuration and low fuel consumption at the same time, and the price/performance ratio exceeds the level of its peers, the reporter thinks that BYD Han DM is indeed considerable. No matter its acceleration ability, chassis quality or all-round intelligent configuration, this flagship model can meet the daily use of families. In the domestic mixed market, Han DM can be regarded as a model worthy of starting.