With the rapid development of electric vehicles, a large number of power batteries began to retire. How to recycle these batteries to reduce environmental pollution has become an urgent problem facing all countries. At the same time, with the increasing shortage of raw materials such as metals needed to produce power batteries, many large automobile manufacturers and start-ups are also paying close attention to the layout, hoping that the recycling of power batteries can become an effective way to cope with the supply shortage, and all parties hope that related industries can accelerate their development.

　　The capacity of power batteries has expanded rapidly.

　　With the rapid growth of electric vehicle sales and the increasing pressure on automobile manufacturers to change from fuel vehicles to electric vehicles, many countries and regions around the world are accelerating the layout of power battery production capacity.

　　At present, the United States is planning to convert most American-made cars into electric vehicles by 2030, and completely eliminate fuel vehicles by 2040. According to a report by the European environmental protection group Transport and Environment Organization, if the EU introduces stricter greenhouse gas emission regulation policies and provides sufficient support for the construction of charging piles, all new car sales in Europe will be converted into electric vehicles by 2035.

　　According to the data of MarketsandMarkets, the demand for lithium batteries has increased rapidly in the past five years. In 2025, the related market size is expected to increase from 44.2 billion US dollars in 2020 to 94.4 billion US dollars, and the development of electric vehicles will be the main driving force.

　　European governments are now stepping up efforts to support the development of power battery projects to ensure that they can still maintain their dominant position in the field of automobile manufacturing in the future. According to Agence France-Presse, according to the data of the Transportation and Environment Organization, Europe is currently planning to build 38 new super battery factories, with an annual production capacity of 1,000 GWh and an investment of 40 billion euros (about 48 billion US dollars). The planned production capacity will be realized from 2029 to 2030.

　　Many large automobile manufacturers are also increasing their investment in power batteries. According to Agence France-Presse, Volkswagen has recently invested 2.3 billion euros in Swedish startup Northvolt, and plans to build five other power battery factories. The new automobile giant Stratis is currently building two power battery factories. Tesla, an American electric vehicle manufacturer, also plans to build a new power battery super factory in Berlin. It is estimated that the production capacity will reach 250 GWh before 2030.

　　The supply of raw materials may be short.

　　A large number of power battery factories will put forward higher requirements for the supply of raw materials such as metals, and automobile manufacturers must try their best to ensure the supply of raw materials necessary for the production of batteries. It is understood that power batteries account for most of the cost of electric vehicles, while major metals such as lithium, nickel and cobalt account for most of the cost of power batteries. The European Commission predicts that by 2030, the demand for lithium will increase by 18% and the demand for cobalt will increase fivefold.

　　Considering the sharp increase in demand, some international organizations have been warning that related mineral raw materials will face shortages in the future. The International Energy Agency said recently that governments need to ensure the supply of key mineral raw materials needed for clean energy technology, otherwise they may face supply bottlenecks and damage the development of electric vehicles, wind power generation and other projects. According to the report of the International Energy Agency, clean energy requires many kinds of raw materials, from lithium, nickel, cobalt, manganese and graphite to rare earth elements for the production of electric vehicle engines and wind turbines, and each mineral raw material faces different problems. According to the International Energy Agency, in general, the demand for key mineral raw materials in the energy sector will increase sixfold before 2040, and the increasing global response to climate change is increasingly disproportionate to the supply of key mineral raw materials.

　　The report of the International Energy Agency suggests that national policy makers should take actions to ensure the stable supply of key mineral raw materials and set long-term emission reduction targets. The agency also suggested that governments should promote the development of new technologies and invest more in recycling areas to alleviate the main supply pressure.

　　The White House recently made it clear that we must work with our allies to ensure the supply of raw materials such as metals needed for the production of electric vehicles, and environmental protection and other factors should also be taken into account when dealing with them at home. According to Reuters, relevant measures include expanding investment in electric vehicle metal projects through the United States International Development Finance Corporation and taking new measures to support the supply from battery recycling. The Biden administration will also set up a working group to determine where minerals used in power batteries can be produced and processed. The US Department of Energy has been approved to invest $17 billion through the "Advanced Technology Vehicle Production Loan Project" to support related projects, which will focus on battery manufacturer financing, key mineral recovery and treatment. According to the report, ensuring the supply of raw materials for power batteries such as copper and lithium is one of the main obstacles that Biden’s huge electric vehicle development plan is currently encountering. At present, mining projects in the United States are facing extensive regulatory obstacles and environmental resistance.

　　Maros Shevcovic, Vice President of the European Commission, said in March that Europe should strive to achieve strategic independence in the production of power batteries, hoping that Europe can achieve self-sufficiency by 2025. According to Agence France-Presse, a new generation of power battery technology is being developed in Europe, hoping to reduce the dependence on lithium-ion battery technology. In January this year, the European Commission has invested 2.9 billion euros to support related research and development. Europe also hopes to build a more environmentally friendly battery factory, and EU officials are currently formulating relevant standards to regulate the extraction of battery raw materials and how to recycle used batteries.

　　However, Oliver Montick, an analyst at Fitch Consulting, believes that Europe may not establish a "complete closed-loop supply chain covering the extraction, refining, processing and production of most battery raw materials in Europe" until 2040. Montick said that although Germany and the Czech Republic have sustainable lithium metal reserves, the EU should still obtain supplies from reliable partners to ensure supply security.

　　Battery recycling needs to be accelerated.

　　Power battery is considered to be one of the key factors that determine the mileage and performance of electric vehicles. However, with the increase of service life, its performance will obviously decline, the required charging time will be extended and the mileage will be shortened. Some insiders said that the recommended service life of power batteries is generally 5 to 10 years. As a large number of electric vehicles have been put into use, the number of power batteries that need to be replaced will soar rapidly in the near future, and the demand for environmental protection and resource reuse will increase rapidly.

　　Some experts said that some power batteries that can still be used can be used in other scenes with reduced requirements, such as energy storage systems (ESS). For power batteries that can’t be used any more, we can consider recycling them and reuse the resources such as metal elements. At present, the metals such as lithium, cobalt and nickel needed for mining and processing electric vehicles often need to span several continents, and the transportation distance often exceeds 2,000 kilometers. Therefore, recycling and utilizing the raw materials in waste batteries is a more efficient and sustainable way, which can effectively reduce the burden in the fields of mining new mines, mining and processing.

　　Automobile and battery manufacturers and some start-ups have been exploring various ways to deal with waste power batteries, and some new industries and business models are taking shape.

　　According to CNBC, Straubel, former CTO of Tesla, founded Redwood Materials Company in 2017, which focuses on the disposal of electronic waste, and its business includes recycling used batteries, and then providing raw materials extracted from them to automobile manufacturers and battery manufacturers. The company’s first recycling plant in Nevada, USA, has started operation, which can recycle 95% of nickel, cobalt, aluminum and graphite, and more than 80% of lithium in used batteries. Straubel said that in the face of the rapid growth of demand for power batteries, the current supply of raw materials will be difficult to meet the demand, and it is necessary to speed up the investment in "top areas of the food chain", such as the development and recycling of raw materials, and recycling is a very efficient way. On the issue of profitability, Straubel said that the company is still in the initial stage of development, and it still needs to consume a lot of capital to invest in equipment and technology, but in the long run, with the continuous improvement of technology and scale, the company’s business will achieve considerable profits.

　　According to media reports, Ultium Cells, a joint venture between LG Energy Solutions and General Motors, will cooperate with Li-Cycle, a battery recycling company, to recycle batteries from this year. Li-Cycle said that its recycling technology can achieve 80% to 100% recycling of all materials in lithium-ion batteries.

　　According to Yonhap News Agency, South Korean automaker Kia Motors and its battery supplier SK Innovation will jointly develop a power battery recycling project. It is reported that SK Innovation provides lithium-ion batteries for electric vehicles such as EV6 of Kia Motors. As early as March, 2020, the two companies have begun to cooperate in the utilization of waste power batteries, and said that they will cooperate in the treatment and reuse of waste power batteries through energy storage systems, or recycle the metals in waste power batteries, which will help reduce production costs. SK Innovation also said that in addition to the potential economic benefits, recycling waste power batteries can also reduce the number of buried waste batteries, thus reducing the pollution of soil and groundwater.

　　The market related to raw material recycling in power batteries is expected to usher in rapid growth in the next few years. According to CNBC, data show that the global lithium recycling market will increase from $1.5 billion in 2019 to $18.1 billion in 2030.

　　Some experts said that if the power battery recycling industry wants to accelerate its development, it needs closer cooperation between the electric vehicle industry and the government to help collect batteries with different models and performances, accelerate relevant scientific research projects, formulate relevant standards, simplify the recycling and utilization procedures of used batteries, and reverse the current situation of low recycling rate of used batteries at an early date.

　　Some governments are also supporting related innovation activities in various forms. According to Yonhap News Agency, the South Korean government is now partially relaxing the supervision of used batteries by way of "supervision sandbox", so as to allow automobile manufacturers and battery manufacturers to use these batteries to innovate products, services, marketing and business models. The Ministry of Trade, Industry and Energy of Korea plans to invest 1.3 billion won (about 1.5 million US dollars) before 2024 to conduct experiments on the utilization of used batteries, such as renewable energy projects.

　　Jin Shizhen, a researcher at the Korea Automobile Technology Association, said that with the accelerated popularization of electric vehicles, a large number of power batteries will be retired in South Korea from 2026, and by 2030, about 100,000 electric vehicles will need to be replaced. Jin Shiyi said that in order to accelerate the development of the battery recycling industry, it is necessary to speed up the establishment of standards such as waste battery collection, speed up the research and development of related processing technologies, and refine the requirements for battery quality and performance.

How much blood relationship does Geely Link have with Volvo? This question has been a tacit question since Geely bought Volvo passenger cars. In recent years, Geely seems to emphasize the "kinship" with Volvo more and more in product announcement, such as the CMA platform and DriveE powertrain used by Xingrui (parameter picture), Xingyue L, Lectra 01 and other models.

But in the user’s mind, after all, it is still powershift, and it may be a bit far-fetched to say that Xingyue L is the replacement of XC60. And this Lingke 09 from SPA platform, which will be listed in the fourth quarter, can undoubtedly say with confidence: I am the shell replacement of XC90.

We don’t need to say much about the internal and external design, materials and intelligent configuration of the Lectra 09. Everyone can see these things. As the flagship of Lectra, Geely will never let us down in this respect. Today, we will focus on talking about what unique attributes Volvo SPA platform has given Link 09 in three major areas.

Volvo SPA Extensible Architecture Technology

Volvo SPA scalable architecture technology was first applied on XC90, and it was also from the new generation XC90(2015 model) that Volvo began to fully expand the diversified powertrain of Drive E series. In fact, the platform only gave birth to Volvo’s mid-to high-end SUVs, cars and station wagons, which laid the unique positioning of the brand flagship from the bloodline.

Drive E powertrain: inverted layout, compatible with exhaust gas turbine+mechanical pressurization.

Of course, the powertrain is the first to bear the brunt. In fact, this is not the first of the Lectra 09. The active Xingrui, Xingyue, Lectra 01, etc. are all "stealing" from Volvo in a large area, including this Drive E engine that originated from the SPA platform, but it has always been a T-series version.

48V light mixing system (BMW)

According to the official introduction, the 2.0T+8AT powertrain used in the fuel version of Lectra 09, like the new XC90 and XC60, adds a 48V light mixing system, which is a serious "B series" Drive E. The author has always insisted that the 48V light mixing based on the radial flux motor (BSG) motor is of little significance to fuel economy, but at least in hardware, the Lectra 09 is really a complete replica of the Volvo XC90.

In addition, the Lectra 09 continues to offer a 2.0T plug-in hybrid version, which also "steals" Volvo, and uses the Drive E series T8 power system with a high probability to provide power for the rear wheels through the P4 bridge. However, the official has not released the specific data for the time being, and it is not clear whether its front axle uses a 2.0T T6 engine (turbo+mechanical double pressurization).

The front/rear independent T8 system can only be mixed.

The 2.0T hybrid version of petrol-electric vehicle is a new gadget created by Lectra 09. Volvo T8 plug-in hybrid system can’t be "magic change" into a hybrid system of petrol-electric vehicle, because the P4 bridge is not in P2 layout, and the front/rear axle power systems do not interfere with each other, so it is impossible to achieve effective electromechanical coupling, which is essentially different from Toyota THS and BYD DM-I.

Aisin 8AT is not compatible with P2 oil-electricity hybrid.

In fact, the announcement for the hybrid version of Lectra 09 only emphasized the 2.0T engine, and kept silent about the Aisin 8AT transmission. The core reason is that the horizontal Aisin 8AT is not compatible with the P2 hybrid module at all. With the current technical reserve of Geely Volvo, it is impossible to build a planetary gear transmission with integrated motors in a short time. Personally, I guess that the hybrid version of Lectra 09 will probably use a 7-speed powershift with P2 layout.

The blade spring rear damping of XC90

Link 09 rear suspension

Finally, the chassis system, which is the most significant difference between SPA and CMA, is also the original creation of Volvo. XC90, S90 and Lectra 09, which originated from SPA platform, all use lightweight aluminum alloy lower swing arm, and are equipped with the combination of leaf spring and damping shock absorber. This thing has the function of a stabilizer bar, and it may be that Lectra 09 will also make a version of an air shock absorber.

● Summary:

As the flagship SUV of the Lectra brand, Geely Automobile really invested heavily in this Lectra 09, which not only inherited the original power chassis system of XC90, but also introduced a more compatible hybrid version of oil and electricity from more innovative. These are the core technologies that are not available in Xingrui and Xingyue of CMA platform.

From the user’s point of view, the Lectra 09 is a medium and large SUV with 6 seats /7 seats, and its price is likely to be controlled at around 300,000, regardless of the hard power of the three pieces or the static experience of the product. Isn’t this thing better than Toyota Highlander and Volkswagen at the same price?

　　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

Original title: Song Xiaofeng apologized for jumping "Subject 3" in the Spring Festival Evening and told the creative process, which was different from the director’s statement.

Just today

As the Spring Festival approaches, the recording scene of the Spring Festival Gala has set off a sensational "Subject III" storm, and Zhao Benshan’s disciple Song Xiaofeng has become the focus! On the sketch of anhui tv Spring Festival Evening, the funny artist suddenly danced the controversial "Subject Three" dance, which made the audience and the Internet fall silent, and this move also caused a fierce controversy.

How did this Spring Festival Evening storm ferment? Let’s unveil the mystery of this Spring Festival Gala and discuss the story behind the stars.

First of all, looking back at the recording scene, Song Xiaofeng, as a disciple of Zhao Benshan, is good at humor. However, when he learned that he needed to jump to "subject three", his first reaction was to refuse! He thinks this dance has been "out" in the Spring Festival Evening, and he is no longer suitable for this kind of young people’s dance at his age. This view has sparked a heated debate between the director and the screenwriter. The director thinks that "Subject III" can enhance the atmosphere of the sketch, while the screenwriter thinks that this is an outdated stalk.

In the end, Song Xiaofeng gave in and learned this dance. He thinks that as an actor, it is most basic to respect the director, although he has doubts about this decision. This heated discussion adds a lot of drama to a simple dance.

This incident triggered thinking about the relationship between innovation and tradition in the Spring Festival Gala. Director Gao Hailong believes that the modern Spring Festival Gala needs to be younger and more fashionable, and "Subject III" is the element that can attract young audiences. His persistence makes the whole sketch more lively and energetic on the stage.

However, Song Xiaofeng’s response has complicated the dispute. In his response, he said that he didn’t expect to cause trouble to everyone, and wished everyone a happy New Year in advance. However, unlike the director’s statement, he revealed that he knew nothing about "Subject III" when he saw the script, and he had doubts about dancing this kind of dance at his age. This makes people think more about the differences and compromises between actors and directors in the creative process.

This "subject three" storm made the audience see that the Spring Festival Evening is no longer just a machine to create paragraphs, but is constantly trying to innovate. The conflict between actors and directors and the audience’s expectation for the innovation of the Spring Festival Gala all make this year’s Spring Festival Gala more interesting.

Generally speaking, this Spring Festival Gala is like a wonderful drama, with fierce conflict between actors and directors, real emotional expression, and more laughter and tears expected by the audience. Whether it is for or against "Subject Three", this controversy has become a highlight of the Spring Festival Evening. Looking forward to the future Spring Festival Evening, we can continue to present more exciting programs for the audience. Let’s look forward to more surprises and touches on the stage of the Spring Festival Evening. On this stage full of collision between traditional culture and modern elements, we have witnessed the gorgeous transformation of Spring Festival Gala again and again.

Thank you for watching ~

Editor in charge:

　　　On April 12, 2023, at the press conference in Chengdu, the new luxury all-around SUV was officially launched, with a price of 189,800 yuan. From now on, users can order through Krypton APP, Krypton official website, Krypton Center and Krypton Space in major cities in China.

　　At the press conference, Extreme Krypton X showed the first five configurations in the industry, the only 20 configurations at the same level, and more than 100 standard systems. An Conghui, CEO of Extreme Krypton Intelligent Technology, said that based on the luxury experience needs of users around the world, Extreme Krypton X has completely subverted the five core areas of design, performance, safety, space and configuration, aiming at the compact luxury market with the largest volume in China and even the world, creating a new standard for the compact luxury market and setting a new benchmark for the industry.

　　Led by the world-renowned designer Steve Sielaff, Extreme Krypton X adheres to the design attitude of "originality is justice" that the Group has always adhered to, and combines the design concept of "unbounded city" with forward-looking scientific and technological innovation technology to interpret the original innovative luxury beauty of the compact luxury car market. For the first time in history, Krypton X applied the forward-looking design of the concept car to a compact luxury car. The frameless door design, frameless electric exterior rearview mirror, hidden electric charging flap, and even the water cut on the window glass were "smoothed" by the designer at any cost. You can also choose an electric door without a door handle and the technology of an ultra-luxury brand like aston martin to create an extremely pure body profile. The simple logo of micron electroforming process is only half the original thickness, and the metal relief texture is more refined and the artistic texture is sublimated again.

　　Extreme Krypton X has designed the industry’s first intelligent B-pillar interaction system, which integrates ToF 3D camera and a multimedia touch screen. Users can easily unlock and lock the vehicle through facial recognition, and the display content on the B-pillar screen can also be directly related to the scene mode, which can easily and quickly complete the intelligent interaction inside and outside the vehicle. Later, more personalized functions can be created through OTA.

　　In order to better meet the needs of compact users, Krypton X starts from the space pain point of target customers, breaks the traditional bondage and realizes space super-transformation. According to the survey, the utilization rate of the rear row space of the original compact model on the market is less than 11%. Krypton X has transformed the rear middle seat used at low frequency to create the first four-seat model in the compact luxury market. Through electric adjustment, the rear row seat can be folded up with one button, and the fixed central armrest has also been transformed into an imaginative and intelligent island, so that the limited space can be completely opened and the space flexibility can be further improved.

　　Zero-speed 3.7s, 5.7L large-capacity embedded refrigerator, the first 14.6-inch electric sliding smart screen and 4D cloud zero-gravity seat of the same class, and nearly 100,000 delivered batteries with zero fire & HELIP; … The new luxury of Krypton X debuted, creating a new market standard with the highest standard of Krypton safety in the industry and becoming a representative model leading the compact luxury car market.

On November 17th, the 21st Guangzhou International Automobile Exhibition was grandly opened. Jietu Automobile and traveler C-DM made a heavy appearance at Guangzhou Auto Show, and it is expected to be listed in the first quarter of 2024, opening a new energy moment for off-road travel!

Jietu Voyager C-DM is another masterpiece of Jietu to deepen the "travel" market segment, expand travel scenes and build travel car products. On the basis of continuing the off-road advantages of travelers in beauty, pleasure, city and wilderness, the power system composed of 1.5T hybrid special engine and three-speed super electric hybrid is rejuvenated to create advantages of high energy saving, high performance, high safety and high intelligence, which will fully meet users’ new energy travel needs.

High energy saving, high performance, mixed blessing to enjoy all-weather comfortable life.

With many advantages of new energy, Jietu traveler C-DM empowers new cross-country experience. It is equipped with one of the most advanced hybrid systems in the world-Chery Kunpeng Super Hybrid C-DM. This system won the "China Heart" Top Ten Engines and Hybrid Systems in 2023, which embodies Chery’s technical accumulation for many years and has two advantages: high efficiency and low energy consumption.

Three-speed super electric hybrid is the most advanced and dynamic hybrid gearbox at present. Its dual-motor drive +3-speed DHT has both performance and comfort, bringing a silky driving experience. With the blessing of the hybrid system, Jietu traveler C-DM can provide abundant explosive power whether in outdoor travel or daily commuting.

While achieving high performance, Jietu Traveler C-DM is also ahead of its peers in core indicators such as cruising range and energy consumption that users care about. It is equipped with a 43.2kW battery pack, with a pure battery life of 200km+ and a comprehensive cruising range of 1000km+. The dual energy form of oil and electricity can eliminate potential mileage and charging anxiety, at the same time, it can significantly reduce the cost of car use and spend more budget on experiencing a beautiful trip.

With sufficient battery power, the "mobile camping room" where the vehicle avatar can move at any time can also maintain power supply when parking and staying, and the air conditioner can operate independently when the engine is not started, so as to enjoy the best temperature all day, and at the same time, it is not afraid of engine loss, making it an excellent companion for camping.

High security, high intelligence, to create a safe fortress that can be used in cities and wild areas.

As a travel SUV to cross mountains and seas, safety is undoubtedly one of the core performances, among which battery safety is the most important. Jietu Voyager C-DM adopts Contemporary Amperex Technology Co., Limited brand batteries to achieve world-class battery safety, and protects against collisions and wading that may occur during driving, and is additionally equipped with multi-layer protection measures such as charging protection and high voltage protection, which can effectively prevent short circuit, overcharge and overdischarge of batteries. The chassis is protected by battery compartment, so it is safe to travel anywhere.

On the basis of ensuring battery safety, Jetway Traveler C-DM continues the ultra-high body lightness of the station wagon. Its body strength has reached submarine level, its torsional stiffness is 31000Nm/deg, and its deformation is less when it is hit. Structurally, the new car adopts steel cage body structure, with high-strength steel accounting for 80%, and adopts integrated laser tailor welding, which can effectively disperse the impact pressure to the whole body.

An interesting and easy-to-use car system during the trip will enhance a lot of fun. The 15.6-inch central control giant screen in the car is comparable to the "game book", which is more accurate in operation and has a better look and feel, and has an excellent display texture. Matching it is Qualcomm Snapdragon 8155 chip, which can run a variety of car software smoothly, alleviating the boredom during the journey.

Sitting in a comfortable seat, you can also enjoy the music-level surround cockpit, 12-channel SONY top audio configuration and 360 stereo surround sound, which can bring an immersive audio-visual feast. Of course, users don’t have to worry about the health problems in the car at all. Jietu Traveler C-DM selects 100+ kinds of environmental protection materials, and there is no odor in the new car state. Through CN95 high-efficiency filter element, negative ion fresh air system and demagnetization technology, the five-star healthy cockpit experience is realized, and the effect of relaxation is achieved.

As the vanguard of Jietu’s new energy transformation, an important laggard in the "Travel+"2.0 era, and another new member of the traveler’s car system, the arrival of Jietu Traveler C-DM further improves the layout of Jietu brand’s new energy products, redefines travel products with the superposition advantages of new energy and intelligence, and helps every "traveler" to cross the mountains and reach poetry and far away!

On October 12th, BYD’s Equation Leopard Automobile issued a message through the official Weibo yesterday evening, replying to some users’ recent "most concerned" questions about the first model Leopard 5.

According to the official, Leopard 5 benefits from the space utilization rate of DMO super hybrid off-road platform, and the rear seat space and head space "far exceed the same level products", which supports the rear seat to be put down.We have developed suitable mattresses and airbags, the maximum length of which can exceed 1.9 meters and the width is close to 1.4 meters, which can lie down for two people..

Regarding the delivery of new cars, the official response said that the first batch of stores in China opened for trial operation at the end of October.Leopard 5 real cars will also arrive in the store one after another, and the first batch of exhibition cars will be the Feiyun version.. The new car is expected to be officially launched in November, and the orders are arranged in order. However, in terms of selling price, Equation Leopard only responded that "the official selling price has not been released".None of the information circulated on the Internet is true, and the official selling price will be announced at the time of listing..

In terms of configuration, Leopard 5 will launch three versions: Exploratory Edition, Pilot Edition and Yunqi Ultimate Edition. Different versions will "have a certain degree of functions and experience focusing on configuration to better meet the diverse needs of different consumers".

IT House previously reported that the first production car of Equation Leopard 5 was officially launched on September 28th. According to the officially released configuration information, the new car will launch three models: the exploration version, the pilot version and the Yunqi flagship version, with the length, width and height of 4890 (including the spare tire) *1970*1920mm and the wheelbase of 2800 mm.

In terms of power, Leopard 5 is equipped with BYD’s new hybrid platform DMO and Yunqi -p intelligent body control system. It uses 1.5T+dual motor power, as well as a classic off-road combination of three locks, and it is also a vertical engine.

Relying on the DMO platform, the comprehensive maximum output of this model can reach 505 kW, the peak torque is 760N?m, the zero acceleration time is 4.8s, and the CLTC battery life is 125 km.

Related reading:

The first production car of BYD Equation Leopard "Leopard 5" is officially off the assembly line: three models will be launched and expected to be delivered within this year.

According to the latest news, AITO, a brand owned by Huawei, will officially release the flagship SUV M9 at the end of this year. Today, the official map of the car was released, and its design concept was explained in detail.

The design inspiration of the M9 in Wen Jie comes from Kun Peng, a god beast in Zhuangzi’s Happy Wandering. It adopts a brand-new family design language and is called "Kun Peng spreads its wings". The design adopts a highly integrated ALL IN ONE design method, and the front face modeling integrates the functions of daytime running lights, far and near headlights, intelligent interactive lights and air intake ducts into the same element. The overall appearance takes the horizontal line as the visual center of gravity, extending a semi-open outline, creating a visual tension like Kunpeng spreading its wings. The integrated spoiler tail complements the design of penetrating taillights and headlights, making the overall appearance more harmonious and unified.

The design idea of the M9 is different from that of most new power vehicles. It abandons the common design of "squint+split light group" and adopts an integrated design. This unique design style may make people feel a little uncomfortable. Similar design ideas are adopted in the whole series of vehicles, which is in sharp contrast with the similar schemes of other new power vehicles. This car is considered as a heavyweight product of Huawei this year. It is equipped with Huawei ADS advanced intelligent driving system and will adopt HarmonyOS 4.0 intelligent cockpit. Internal innovation and highlights are very prominent. All models are equipped with air suspension and CDC electromagnetic damping system as standard.

According to the application information, the size of the M9 is 5230/1999/1800mm, and the wheelbase is 3110mm, so it is located in a large SUV. The models are divided into extended range version and pure electric version, both equipped with front and rear dual motors, and the maximum power of the system is 365 kW (496 HP).

In terms of battery, the extended-range model uses Contemporary Amperex Technology Co., Limited’s 40-degree battery, with a pure electric cruising range of 175 kilometers; The pure electric version uses 4C Kirin battery from Contemporary Amperex Technology Co., Limited, with a capacity of 97 degrees and a cruising range of 630 kilometers, and supports 800V ultra-fast charging technology.

The consumption concept of new energy vehicles is quietly changing. According to the newly released report "Insight into the Consumption of New Energy Vehicles in China in 2023", people expect networking to bring more freshness and sense of technology. It can be said that the level of intelligence is gradually becoming the core competitiveness.

Starting from this trend, it is obvious that M9 is leading the new trend of science and technology in the field of new energy vehicles. With the layers of mystery unveiled, many scientific and technological attributes and characteristics of M9 in the world are continuously known by the industry and consumers.

In recent days, two patent drawings of black technology of M9 were released, including sound painting AI complex (guess name) and retractable triple screen (guess name). At the same time, Huawei’s megapixel smart headlights, a black technology, also have more new information exposure. With the deep empowerment of Huawei, the three black technologies are the pioneers in the world, which not only realizes the revolutionary advancement of the owner’s experience, but also makes it difficult for other car companies to catch up with it with a far-reaching posture.

Huawei is deeply empowered! The three major black technologies show their advantages.

With the approaching of the official listing date, the news about M9 continues to increase and quickly becomes a hot topic. For example, some time ago, the measured video of Huawei smart headlights carried by the M9 was screened on major platforms. In recent days, the three major black technologies in the world have once again become hot spots.

Huawei’s mega-pixel smart headlights, which have been familiar to people, once again show their multiple characteristics. The unique advantage of Huawei’s mega-pixel smart headlights is the high-pixel module blessing+precise control algorithm, which not only takes into account lighting safety, but also brings multiple interests. To put it simply, Huawei’s mega-pixel smart headlights can easily bring practical value to each scene, regardless of safety assistance functions, pedestrian interaction and entertainment atmosphere scenes.

The sound painting AI complex is also a "must" in the black technology matrix. From the patent drawing, the sound painting AI complex integrates light and shadow aesthetics, acoustic technology and AI wisdom, and is expected to realize the symbiosis of "sound, painting and wisdom". For example, in terms of "sound", passengers in all locations can experience the shocking auditory enjoyment brought by HUAWEI SOUND 2.0.

In the aspect of "painting", under the catalysis of crystal and electric light source, it reflects beautifully, creating a bright and beautiful visual feast; In terms of "wisdom", Xiaoyi’s intelligent assistant jumped out of the screen for the first time and became a digital virtual "housekeeper" who knows you and knows you. The trinity of "sound, painting and wisdom" makes the sound-painting AI complex become the core of the cockpit.

The retractable triple screen is the focus of this exposure. It is reported that this set of new patents can make the central control panel show longitudinal telescopic effect. You know, triple screen is the mainstream at the moment. It is foreseeable that the display effect of the retractable triple screen will far exceed that of the same level. More importantly, the retractable triple screen should be able to realize multiple functions such as multi-screen interaction and multi-screen simultaneous display, so that the more intelligent, convenient and smooth interactive experience of the extremely intelligent cockpit can really land.

It is not difficult to find that the three major black technologies of this exposure all show their respective advantages and characteristics. The cornerstone and source of these advantages comes from Huawei’s deep empowerment. Huawei’s technology accumulation and profound accumulation have truly turned into a valuable black technology and applied it to the M9.

For example, Huawei’s megapixel smart headlights have benefited from Huawei’s intensive cultivation and continuous progress in the field of optical communication for more than 30 years. Today, Huawei has deployed a large number of optical patents and standards in this field. Based on the technical accumulation in space optics, laser light source, optical algorithm, optical perception and other aspects, Huawei has integrated optical technology with the automobile industry with innovative thinking, and then produced Huawei’s mega-pixel smart headlights.

Huawei’s bottomless accumulation is far more than that. To sum it up briefly, Huawei not only has the autonomous controllable capabilities of HarmonyOS, AOS and VOS, but also has the "smart ceiling" capabilities in four fields: intelligent cockpit, intelligent driving, intelligent vehicle control and intelligent network connection! It can be seen that Huawei is already in the leading position in the technical field of new energy vehicles.

Far ahead! Experience revolutionary advancement,identical sizeDifficult to catch up with

"China New Energy Vehicle Consumption Insight 2023" also mentioned that new energy vehicle manufacturers should aim at the demand side and improve the intelligent level of vehicles to cater to consumers’ consumption preferences. In addition, the competition pattern of the new energy vehicle market is also undergoing major changes, and the pattern differentiation is increasingly disparity.

This also means that new energy automobile manufacturers should find the key to breaking the game-both resonating with consumers’ preferences on the same frequency and being left behind by competitors. Obviously, based on the three major black technologies, the M9 in the world has a far-ahead advantage in both the owner experience and the comparison at the same level.

In terms of car owner experience, Wenjie M9 realizes the revolutionary advancement of experience with three black technologies. Taking the AI complex of sound and painting as an example, it not only realizes "both listening and painting", but also has "great wisdom". For the car owner, the sound painting AI complex is like a "peerless fairy" who is always around to open a gorgeous world, making the daily use experience always comfortable, comfortable and pleasing to the eye. At the same time, compared with other models in the same class, it is possible to truly realize a more uniform distribution of sound, ensuring the consistency of the whole car’s hearing. And with the help of HUAWEI SOUND 2.0, the M9 will also support the spatial audio function. Different from the panoramic sound and immersion sound solutions provided by other models in the same class, Huawei Space Audio provides complete services based on the ecological advantages of content sources, car operating systems and audio equipment, and the depth adjustment of software and hardware can give full play to the immersion listening effect of cockpit advantages.

Huawei’s mega-pixel smart headlights can bring advanced novel experience-in static state, it can project holiday wishes, music, weather, etc., while in dynamic state, it can realize many functions such as curve light carpet lighting, distance warning, narrow road width indication, lane change warning, lane safety guidance, and courtesy to pedestrians. It can be said that Huawei’s megapixel smart headlights are not only safe enough, but also interesting enough, and the humanized feeling is full. Its strength is beyond doubt, and it is even more difficult for other models to catch up. This is because the high-pixel module blessing+precise control algorithm of Huawei’s megapixel smart headlights is one generation ahead of the industry. At the same time, Huawei’s megapixel smart headlights adopt the industry-leading self-developed dual-lamp fusion algorithm, which breaks through the industry’s imagination of the use function of smart headlights.

The expected experience of the retractable triple screen is the welcoming effect of the triple screen with a great sense of ceremony and the multi-screen and multi-angle view of the triple screen cinema. With the excellent image quality, the ultimate silky and intelligent interconnection, it is expected that the experience will really take a new stage. In addition to properly arranging the LCD instrument panel, the central control large screen and the passenger entertainment screen, it is also possible to lead the same level in screen size. It is conceivable that the retractable triple screen can realize the cooperation between the screens and solve the problem of separation between the triple screen schemes of other models.

Far ahead! With the three major black technologies as the vanguard, although the M9 in the world has not been listed, it has already given people a series of surprises, and this is far from over. You know, Huawei definitely has more black technologies to carry on this important model, the M9. For example, HUAWEI AR-HUD, which can present a large display area, and a smart chassis that makes driving feel more comfortable. This also makes consumers look forward to asking how wonderful and grand science and technology drama M9 will bring after it is officially listed!