After ten years of care, the vicissitudes of life have changed dramatically. Facing the future, China bravely marched forward. At the key point of the new journey, CGTN launched four episodes of documentary "Great Determination" on November 24th, telling the world the great changes in China in the past ten years through novel theme setting, narrative voice of international communication and solid and earnest record writing, deeply showing the spiritual strength behind the repeated miracles of the people of China, and looking forward to the future development of Chinese modernization and the common destiny of the world.

　　△ Four episodes of documentary poster

　　The production team of this film is composed of young people of Generation Z, and it took a year to interview and produce, spanning 40,000 kilometers, and followed 24 groups of characters. In the shocking narration of China people’s determination to "insist on the castle peak and not relax", the innovative practice comprehensively enhanced the communication, guidance and influence of major themes.

　　△ The five-phase preheating video of "Great Determination" was broadcast on German Capital TV (left); Protecting Asian Elephants — — The Story of Like Dad was broadcast on GNN TV in Pakistan (right).

　　CGTN cooperated with the Television Translation Center of the General Station to broadcast the film in 15 languages, including English, Spanish, French, Arabic, Russian, German, Portuguese and Hindi. As of December 8th, it has accumulated 73.6 million global readings, 340,000 total interactions and 12.48 million video views. The content of the program was reprinted and broadcast by mainstream media in many countries, such as CNN, German Capital TV, RedeTV in Brazil, GNN TV in Pakistan, and Iranian video website "mihanvide". CGTN official website feature was reprinted by 952 overseas mainstream online media from 69 countries and regions including the United States, Britain, Canada, Germany, India, South Korea, Vietnam and Singapore. Among the landing media, there are 709 G20 national media, accounting for 74.5% of all media.Observe China with the pupil of youth.

　　Let overseas audiences resonate with empathy

　　Understand the road to development and future of China.

　　Documentary was planned and launched by a group of post-90s generation. They broke through the traditional style of politics, economy, culture and diplomacy, and summarized the achievements in 13 aspects of the third historical resolution of the Party into four episodes, namely, Come, Cool Up, Money, Better Earning Method, Warmth, Let Miracles Happen and Future, Common Future.

　　The four episodes organically combine the four themes of cultural self-confidence, high-quality development, people-centered and community of human destiny, which are logically related to each other. From the lingering sound of the harps and harps, to the clanging noise of Wan Li railway tracks, from the depths of inaccessible mountains to the electronic plains linking the world, the young director group walked through the temples and streets with questions, asking China for the world and answering the world for China.

　　△ The main creative team with an average age of 27 years old

　　"What is Chinese-style modernization" and "Why can the rule of China break the uniqueness of the western modernization model and create a new form of human civilization"? The director group throws out these issues that have attracted much attention one by one, and calmly explains them. This brand-new shooting technique has abandoned the scripted and sit tight, which are common in traditional documentaries, and attracted wide attention from international audiences.

　　Berta Nelson, an overseas netizen, said in her comments, "I am glad to see that China people attach importance to their own culture and long history. Bless your innovation, because you have entered your own unique world view, abandoned the western point of view, and watched the operation of the universe from your own lens. There are many breakthroughs in energy, roads and consciousness waiting for you. Treat the suffering of the world with sympathy and point out the way forward for us. Don’t be intimidated by hegemonic threats. Soon it will dry up and be blown away, and you will be in a new world! "

　　Trace the origin: Starting from the cradle of China civilization

　　Respectfully respond to the 5,000-year civilization

　　What is the source of China people’s national self-confidence? What has enabled China people to stand today despite numerous changes? This is the question thrown in the first episode of the documentary.

　　The first episode "Come on, Cool Up" does not show the symbolic meaning of China culture to the world, but focuses on the young people who are inspired by history and culture and inherit it. The young people in China in the film not only lament the beauty of traditional culture, but also make the traditional culture of China endless by recreating ancient music, carrying forward national customs and innovating national customs, and send out the pious response of young people in the new era to the ancient blood.

　　The director group adjusted the focal length and recorded the process of restoring the tune of Xin Qiji’s "Broken Fighter, Giving Zhuang Ci to Chen Tongfu as a souvenir" by Henan Provincial Museum, senior armor restorer and Zhengzhou Song and Dance Theatre. With full cultural consciousness and self-confidence, the creative team combined traditional cultural elements, such as ancient musical instruments, ancient melody, ancient dance and armor, into a single MV work, recreated the singing of the Song Dynasty in a modern and fashionable way, and performed international art exhibition and popular science dissemination on China ancient music. Only MV has achieved over 2 million overseas broadcasts.

　　△ Vividly display ancient musical instruments, ancient word singing and ancient dance in the MV of "Breaking the Array, Giving Zhuang Ci to Chen Tongfu to Send It"

　　△ The creative team cooperated with Henan Provincial Museum and Zhengzhou Song and Dance Theatre to read the classics and restore the tunes of Song Ci.

　　In addition to the modernization of western style, there is a second way here.

　　With the spiritual strength inherited from our history, China is on the road of modernization. Modernization is a necessary step in every country’s development, but how to realize modernization is a headache for many developing countries.

　　Copying the western model of acclimatization seems to have become an unspoken consensus of the international community, and many close neighbors and distant friends are eagerly looking forward to new solutions.

　　△ The second episode "Money, there is a better way to earn"

　　"Great Determination" did not continue the grand narrative and achievement tour of traditional political films, but led the audience all the way north along Shenzhen, Hefei and Erdos in a popular science-style typed packaging and speculative discourse, revealing the geek life behind lidar and autonomous driving, and telling the professional ingenuity of female engineers behind quantum technology. Through many cases of scientific and technological progress, such as the "artificial sun" rising in the science laboratory and the development of Hefei city, this paper summarizes the successful password of "Hefei model" — — That is, through a promising government to build an effective market, foster innovative technology and cultivate more talents. "Don’t export China model, only provide China experience and scheme", which is a shallow footnote lying next to the answer.

　　Establish a "people-centered" narrative system of China’s values,

　　Pass on the concept of "community of human destiny" to the world

　　The documentary takes the universal and topical topics of medical insurance, police and women around the world as the entry point, and deeply expresses the core advantages of "the rule of China" by leveraging its strength.

　　The director group recorded the whole process of a drug price negotiation, which completely changed the fate of the families of two children with spinal muscular atrophy (SMA). How did a college student police officer spend 12 years propping up the whole community? How did a rural female teacher change the fate of children in the mountain village with patience and warmth under the background of getting rid of poverty?

　　China’s domestic development is for the people, so where is the value judgment of China’s cooperation and investment with the world?

　　Still for the benefit of the local people.

　　When a major crisis comes, from the Nepalese earthquake to the Serbian epidemic, the China aid team and the medical team are in action;

　　When other countries are looking for a prosperous road, China has grown together with Africa and the Middle East with the advanced experience of the "Belt and Road" infrastructure construction and digital economy;

　　When all mankind is facing the difficult problems of climate change and ecological diversity protection, China is attracting forces at home and abroad to work together to protect our common earth home.

　　These seemingly ambitious goals will bring changes to specific individuals in each country. Faith, a single mother in Kenya, told her story. The opening of the Inner Mongolia Railway has set up a warm road home for her and her daughter who live apart from each other, and also brought her a better career and a better life.

　　The episode received positive comments from netizens in developing countries, and Nguyen Minh Quan, a Vietnamese netizen, said, "(This railway) has been built very well. Americans bring artillery shells, while China brings railways. "

　　African netizen winifred ba said, "Long live the Communist Party of China (CPC); This is an inspiration to those who long for peace, prosperity and collective happiness. We Africans must work with our brothers and sisters in China to contribute to world peace. "

　　Voice innovation strengthens young people’s perspective Lead by technology Effectively enhance the interest and recognition of overseas young audiences for the development of China.

　　The creative team of "Great Determination" brings the young people’s perspective and brand-new voice into the theme setting, picture editing, manuscript creation, video shooting and many other aspects of the documentary, and reflects the interest orientation of overseas audiences, especially young audiences, through the perspective of Z generation.

　　The film has changed the way of "keeping a straight face" in the past, using diversified, creative and lightweight audio-visual language, which has narrowed the sense of distance of serious theme documentaries and better hit the acceptance habits of young online users around the world. On the one hand, documentary materials are widely used, and the ratio of original materials to film materials is as high as 200:1, and various technical means such as crossing machine, old frog, shed shooting and special effects are comprehensively used to create the ultimate picture texture. On the other hand, visual means serve narrative, introducing the changes in China in a simple way by vivid data visualization means, showing the context of urban development by means of investigation and interview, and copying the daily work and subtle psychological changes of the protagonist in the form of a diary.

　　△ Image language of film texture

　　△ Show an era of China Z generation growth through animation.

　　Therefore, the story of China told in the documentary has been affirmed by a large number of overseas netizens. Netizen "esplace3023" commented, "This is a great documentary. Many westerners like us who have lived in China outside Shanghai and Beijing for some time know that the people of the Communist Party of China (CPC) and China have made great efforts to improve people’s lives. China has too much complexity, which is very different from western countries, so it is difficult for westerners to understand. But we should try to understand, not listen to the so-called China threat theory imagined by experts, and label everything as political propaganda. I wish China can move on, because China’s achievements have made our world a better place and brought hope to people in many developing and poor countries. "

　　Netizen Ricardo Avila paulette left a message, "I’m impressed. This is a group of young, compassionate, kind people with long-term goals. This reminds me of what I saw about China’s space program. These young people are not the pioneers of these projects, but they may see the results; Future generations will reap fruitful results from it. "

　　Netizen ramli left a message, "When asked about US sanctions, a young wonder woman said ‘ Proud ’ This is an amazing moment. Cheer for these smart young China women. "

　　Today, when the world pattern is full of agitation and tearing, Great Determination records the great changes and brilliant achievements in the new era in the past ten years with solid and sincere brushwork, and also conveys the Chinese plan and China wisdom to the world with novel content, diverse perspectives and colorful ways. As we embark on a new journey, we will draw strength from history, concentrate on development, be fearless of difficulties and tests, coordinate material civilization with spiritual civilization, and open up a new world in harmony between man and nature.

　　[car home Information] In February, various car companies have made every effort to hit sales and achieve new goals for the whole year. Now that the results of the auto market exam in February have been released, what is the performance of major auto companies? In this issue of the Sales Express, let us announce the transcripts of major car companies together.

　　As of the publication of this article, seven China car companies/brands, three overseas brands and six new car-making forces have announced their sales volume in February. The following are the specific sales data of each car company/brand:

● China car companies/brands.

　　A total of 8 car companies/brands in China announced their sales in February, including BYD, Chery Group and Lantu Automobile. Among them, the sales volume of new cars in Ai ‘an in February was 30,086 units, up 253% year-on-year and 195% quarter-on-quarter. At the same time, the brand sold 40,292 vehicles in January and February, up 64% year-on-year.

● Geely brand

　　　The total sales volume of Geely Automobile in February was 108,701 vehicles, up about 39% year-on-year, among which the sales volume of pure electric vehicles reached 21,289 vehicles, up 74% year-on-year.

　　Subdivided into its brands, Geely brand sold 90,333 vehicles (including geometry); The brand sold 12,090 vehicles; Extreme krypton sold 5,455 vehicles, a year-on-year increase. Ruilan Automobile sold 823 vehicles, a year-on-year decline. Subdivided into power, pure electric vehicles sold 21,289 vehicles, a year-on-year increase of 74%.

　　At the beginning of the year, Yan Jiayu, CEO of Geely Automobile Group, said in his message in the Spring Festival that in 2023, Geely Automobile Group’s total sales target of 1.65 million vehicles should achieve three times of growth in new energy products: the overall sales of new energy should double, exceeding 600,000 vehicles; Raytheon hybrid sales doubled; Krypton sales doubled.

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● Chery group

　　On March 6th, Chery Holding Group released the monthly sales report: In February, the group sold 103,877 vehicles, up 71.9% year-on-year and 2.5% quarter-on-quarter, and sold more than 100,000 vehicles in a single month for nine consecutive months. From January to February, Chery Group sold a total of 205,256 vehicles, up 39.2% year-on-year.

　　In terms of brands, the year-on-year growth rate of all brands of Chery Group exceeded 50% in February. Among them, the sales volume of Chery brand was 74,739, a year-on-year increase of 68.3%; The sales volume of Xingtu brand was 5,056 vehicles, a year-on-year increase of 61.7%; Jietu brand sold 16,432 vehicles, a year-on-year increase of 145.3%. Hua Dan products (|), Tiggo 7 and Jetway X70 series, which are the main products of the Group, have achieved 14,495, 14,617 and 10,913 vehicles respectively, ranking firmly in the camp of vehicles with monthly sales exceeding 10,000.

　　Based on the opening record of Chery Group, in January, with the overall decline of 35%, Chery Group grew against the trend at a rate of 16.5%. In February, according to the manufacturer’s data, the Association predicted that the retail sales growth rate of passenger cars in a narrow sense was 7.2%, and Chery Group maintained a strong growth trend with an acceleration of almost 10 times the average growth rate of the industry. Chery, Xingtu, Jietu and Chery’s new energy brands jointly announced the policy of "lifetime warranty for all models" on February 1, so that users can reduce their worries about using cars.

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● Changan brand

　　Changan Automobile Group released February sales data. The group sold a total of 191,007 cars, up 38% year-on-year, including 163,156 China brand cars, up 50.1% year-on-year, and 117,622 China brand passenger cars, up 68.2% year-on-year.

　　Specifically, in terms of Changan new energy, China brand new energy sold 20,574 units in February, including Changan deep blue brand and Changan brand new energy vehicles. Changan only announced the sales volume of Lumin models in February, which was 8,137 units.

　　In terms of Changan brand fuel vehicles, the CS family sold 37,660 units in February, of which the CS75 series sold 15,477 units; The car series sold 15,024 units in February; UNI series sold 27,859 units in February, of which UNI-V sold 20,179 units. In terms of Changan Auchan brand, it sold 18,505 units in February; In terms of Changan Kaicheng brand, it sold 17,081 units in February.

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● Aian brand

　　Ai ‘an announced that the sales volume of new cars in February was 30,086 units, up 253% year-on-year and 195% quarter-on-quarter. At the same time, the brand sold 40,292 vehicles in January and February, up 64% year-on-year.

　　According to the tips below the official long picture, on March 3, the brand of Ai ‘an will release a new generation of electric drive technology. At the same time, on March 7, AION Y will launch a new model, which is expected to be adjusted for configuration or appearance/interior details. It is worth mentioning that Ai ‘an expects to raise the official guide price of its related models in early March this year, ranging from 3,000 to 6,000 yuan.

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● Lantu Automobile

　　Lantu Automobile announced the delivery data in February 2023. In February 2023, Lantu delivered 1,107 new cars, and the delivery volume increased by 50% year-on-year.

　　　Lu Fang, CEO of Lantu Automobile, said: "In 2023, the market potential of new energy vehicles in China continued to improve. With a series of measures such as the gradual recovery of Lantu’s production capacity, the return of sales and service system and the upgrading of OTA products, Lantu’s delivery capacity and order quantity in February increased steadily. In the next step, with the listing of Yantu, it will drive the further growth of marketing of Yantu’s whole product system. "

　　　On January 23rd, after Lantu released its brand in Israel, on February 18th, the first batch of Lantu FREE was officially delivered in Israel. After announcing the FREE replacement of the 8155 chip in the standard version of Lantu Free and the free upgrade and fast charging of Lantu Dreamer () in January, Lantu released the version of Lantu FREE OTA 3.0 on February 10th, and carried out 71 optimization upgrades on the car, including 13 new functions and 58 experience optimizations.

　　On February 23rd, Lantu held the 2023 Annual Conference of Eco-Partners in Wuhan. More than 200 eco-partners and investors from all over the country attended. By February 28th, 2023, Lantu had opened 190 stores nationwide, including 146 Lantu Space, 2 Lantu Flagship Stores and 42 Lantu Delivery Service Centers.

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● Changan Deep Blue

　　In February 2023, the delivery of Changan Deep Blue SL03 reached 4,103 vehicles, and the current cumulative delivery reached 37,328 vehicles.

　　In February, the pure electric 705km version of Changan Deep Blue SL03 was delivered. In addition, Changan Deep Blue SL03 was upgraded to OTA again. However, the new functions and optimization experience of the version 1.1 of Deep Al OS include intelligent cockpit, intelligent driving, intelligent vehicle control and other fields. The main upgrades include the addition of Netease cloud music, support for the exclusive driving mode of "thousands of people and thousands of faces" and 540 transparent chassis functions. This OTA will upgrade the 515 pure electric version and 1200 extended range version of Changan Deep Blue SL03 first, and the 705 pure electric version will be upgraded later.

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● Extreme krypton

　　Extreme Krypton Intelligent Technology announced the latest delivery volume: Extreme Krypton brand delivered 5,455 units in February, up 87.1% year-on-year and 75.1% quarter-on-quarter. Among them, Krypton 001 delivered 2539 sets and Krypton 009 delivered 2916 sets. Up to now, Krypton has delivered a total of 86,519 units.　

　　　The extremely krypton 009 was delivered in January 2023, with an average order amount of 527,000 yuan. The newly upgraded 2023 extremely krypton 001 was delivered this month, and a number of luxury configurations were standard in all departments, and the product strength was improved. The average order amount exceeded 336,000 yuan. Extreme krypton X was officially named on February 3, and it is worth looking forward to next.

　　　In February, Krypton completed $750 million in Series A financing, with a post-investment valuation of $13 billion. This A round of financing is a strategic investment based on the perspective of industrial integration, focusing on industrial resource cooperation and long-term layout. At the same time, Krypton, as a global technology enterprise, will promote the European strategy and enter the European market this year, relying on the forward-looking global layout and industrial accumulation of Geely Holding Group.

　　　As of March 1, 2023, there were more than 270 stores nationwide, covering nearly 70 major cities. As of March 1st, the national self-built charging network of Krypton Energy has exceeded 630+ stations in 118 cities, covering more than 95% of the cities where Krypton car owners are located. At the same time, the third-party high-quality charging resources accessed by the APP charging map have covered 344 cities nationwide, and nearly 430,000 public charging guns can be used for scanning codes, covering more than 3,000 high-speed service area sites nationwide.

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● BYD

　　BYD announced February sales data, with a total sales of 193,655 new cars, up 112.6% year-on-year. Among them, the sales volume of passenger cars was 191,664, including 15,002 vehicles exported, up 112.3% year-on-year.

　　Among them, DM models sold a total of 101,025 vehicles, including DM-i and DM-P models, and EV models sold 90,639 vehicles. At present, BYD’s cumulative sales of new energy vehicles exceeded 3.7 million vehicles.

　　Specific to the breakdown of cars, BYD Dynasty and Ocean Cars sold 184,338 cars in February, an increase of 28.3% from the previous month. Tengshi brand sold 7,325 vehicles in February, an increase of 13.8% from the previous month. In February, 15,002 passenger cars were exported, up 44.1% from the previous month.

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● Joint venture car companies/overseas brands

　　At present, only some joint venture car companies/overseas brands have released their February sales data, mostly Japanese brands. Among them, the cumulative sales volume of GAC Toyota in February was 67,029 vehicles, a year-on-year increase of 26.2%, which set a new sales record in February.

● GAC Toyota

　　GAC Toyota released February sales data, with a cumulative sales volume of 67,029 vehicles in February, up 26.2% year-on-year, setting a new sales record in February. Among them, the sales volume of dual-engine models reached 21,075, accounting for 31.4%; More than 300,000 twin-engine models sold 8,942 vehicles. In addition, the sales of the eighth generation Camry also exceeded 1 million.

　　At the same time, the official also said that the first new car of the fifth-generation intelligent electric hybrid twin-engine will debut at the end of March, and we speculate that it may be the new Lei Ling. It is reported that the fifth-generation THS II dual-engine hybrid three-electric system can further improve the electrification efficiency by lightening and miniaturization and reducing losses. Among them, the newly developed lithium battery system has achieved 34% miniaturization and 44% lightweight, and the power output has increased by 8%; The energy loss of high-speed motor is reduced by 19% and the output power is increased by 32%. The power control unit has improved the power density and reduced the weight by 17%, reduced the energy loss by about 10% and increased the current output by more than 8%.

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● Honda China

　　Honda China released the domestic terminal car sales in February 2023. In February 2023, the cumulative sales volume of Honda’s terminal cars in China was 74,142 vehicles, which was 69.9% over the same period (down 30.1% year-on-year); In January and February of 2023, the cumulative sales volume of Honda’s terminal cars in China was 138,332 vehicles, which was 54.8% over the same period (down 45.2% year-on-year).

　　Among them, Guangqi Honda Automobile Co., Ltd. sold 35,829 vehicles in February; Guangqi Honda Automobile Co., Ltd. sold 76,113 terminal cars in January and February 2023.

　　The cumulative terminal sales of Dongfeng Honda Automobile Co., Ltd. in February was 38,313 vehicles; Dongfeng Honda Automobile Co., Ltd. sold 62,219 terminal cars in January and February 2023.

　　In addition, the cumulative terminal sales of Honda’s electrified models in January and February 2023 were 27,351. Honda’s electric vehicles include those equipped with Honda’s high-efficiency dual-motor hybrid system, plug-in hybrid system and pure electric vehicles.

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● Nissan

　　Nissan Motor Company announced the performance of China in February 2023. Nissan Motor Co., Ltd. sold 59,997 units in China in February, up 26.3% from the previous month. After three years of epidemic prevention and control, chip shortage and rising raw material prices, sales are gradually returning to normal.

　　In February 2023, Dongfeng Nissan (including Nissan, Qichen and British finidi brands) sold 56,726 units, up 24.3% from the previous month. Among them, the sales volume of Nissan brand was 50,093 units, an increase of 23.5% from the previous month; The sales volume of Qichen brand was 6,003 units, an increase of 30.3% from the previous month. Zhengzhou’s daily sales volume was 3,271 units, an increase of 72.3% from the previous month.

　　Mr. Shohei Yamazaki, Senior Vice President of Nissan Motor Company, Chairman of Nissan China Management Committee and President of Dongfeng Motor Co., Ltd. said: "2023 is an extremely important year. The company will continue to accelerate the development of electric drive strategy led by pure electric vehicles and e-POWER technology, while continuously strengthening brand, products, services, operations and market competitiveness. "

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●　smart

　　Smart announced the delivery in February 2023. Among them, smart Wizard #1 delivered 3616 units in China; Since the delivery started on September 23rd, 2022, smart has delivered 15,998 units in China. It is worth mentioning that the smart Elf #1 Pro model equipped with a 49kWh lithium iron phosphate battery was pre-sold, with a pre-sale price of 179,000 yuan. As a new entry-level model, it is mainly equipped with a 49kWh lithium iron phosphate battery pack, and the CLTC cruising range is 400 kilometers. It is worth noting that the new car will be listed in the middle and late March, and it is expected to announce more rights and delivery time.

　　The new model retains the configuration of the Pro+ version, and will provide five body colors, with two interior styles of lightning gray and deep space black. In terms of power, the new car is still equipped with a 200kW rear single motor, but the battery is changed to a 49kWh lithium iron phosphate battery pack, and the pure electric cruising range is 400 kilometers under CLTC working conditions.

　　In addition, following the landing of the world’s first smart flagship center in Chengdu, the smart Hangzhou West Lake flagship center officially opened on the bank of the West Lake on February 25th. Smart flagship centers with different styles and themes will soon be launched in Guangzhou, Shanghai, Shenzhen and Beijing. At the same time, the smart production and delivery team is working together to shorten the product delivery cycle.

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● Volvo

　　Volvo officially announced its domestic sales in February, totaling 13,016 vehicles, up 50.4% year-on-year and 10.8% quarter-on-quarter.

　　Specific to the models, Volvo XC90 sold a total of 1,597 vehicles in February, up 108% year-on-year; Volvo S90 sold a total of 2,893 vehicles, a year-on-year increase of 74%; Volvo XC60 sold a total of 4,973 vehicles, a year-on-year increase of 61%. Volvo Car’s electrified products also performed well. In February, the sales of new energy vehicles increased by 64% year-on-year, among which pure electric vehicles increased by 181% year-on-year. From January to February this year, the cumulative sales volume of Volvo Cars in Chinese mainland market has reached 24,758 vehicles, up 6.6% year-on-year.

　　At the same time, according to the official, Volvo Car Asia-Pacific Software Integration Center has been completed and put into use in Shanghai recently, thus accelerating the software development and update of the next-generation brand-new native pure electric platform. It is worth mentioning that at present, all new cars of Volvo brand can realize the online remote upgrade (OTA) function, providing users with a more personalized and intelligent car experience.

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● New forces for building cars

　　The speed at which the new car-making forces publish their report cards has been very positive. Judging from the data released at present, LI delivered over 10,000 vehicles in a single month, reaching 16,620 vehicles, followed by Weilai, Nezha and Tucki.

● Ideal

　　LI released the delivery data in February 2023, and LI delivered a total of 16,620 new cars in February, up 97.5% year-on-year. Since the delivery, the cumulative delivery volume in LI has reached 289,095 vehicles.

　　Li Xiang, Chairman and CEO of LI, said that since the delivery, Ideal L9 has continued to lead in market segments, ranking first in sales of large SUVs in China for five consecutive months. On February 8th, Ideal L7 was officially released, and the first batch of users will be delivered in early March. At the same time, the ideal L8 adds an Air version, and the starting price is lowered to further increase the product strength.

"Ideal L9"

"Ideal L8"

"Ideal L7"

　　By February 28th, 2023, LI had 298 retail centers in China, covering 122 cities. There are 317 after-sales maintenance centers and authorized car body panel spraying centers, covering 223 cities.

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● Zero run car

　　Zero-run cars released the delivery data in February, and a total of 3,198 new cars were delivered in February, an increase of 181% from the previous month, and the cumulative delivery reached 168,340.

　　Just today, a number of new cars of zero-run cars were officially launched, including the newly-launched C11 extended-range version of zero-run cars, as well as new models of various current models. Among them, the zero-run C11 extended-range version has launched three models, and the price range is 149.8-185.8 million yuan; There are four models in the 2023 C11 pure electric version, the price range is 155,800-219,800 yuan; In 2023, the zero-run C01 launched five models, and the price was 1498-228,800 yuan. In addition, the new zero-run T03 has launched four models, with the price range of 59,900-89,900 yuan.

"Zero Run C11 Extended Range Edition"

"Zero run C01』"

"Zero Run T03』"

　　Specifically, the zero-run C11 extended range version is equipped with a 1.2T engine as a range extender, and its maximum power is 96kW. The rated power of the motor is 85kW, the peak power is 200kW, and the pure electric cruising range can reach 285km. New Zero Run T03: 2 new exterior colors and 3 new interior colors are added; The new zero-run C11 pure electric version: the vehicle configuration is simplified, and the battery life is adjusted to three versions of 500km, 650km and 580km, and the price is lowered; The new zero-run C01: The vehicle configuration is fine-tuned, and the entry price is reduced by 44,000 yuan.

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● Weilai

　　In February 2023, Weilai delivered 12,157 new cars, up 42.9% from the previous month and 98.3% from the same period last year. Among them, 5,037 pure electric SUV models and 7,120 pure electric cars were delivered.

　　According to official data, in January and February of 2023, Weilai delivered a total of 20,663 new cars, a year-on-year increase of 30.9%. Weilai has delivered 310,219 new cars.

　　On March 1st, Weilai released the fourth quarter and annual financial report of 2022. Weilai’s revenue in the fourth quarter was 16.06 billion yuan, up 62.2% year-on-year, with positive growth for 11 consecutive quarters. The total revenue for the whole year reached 49.27 billion yuan, all of which were record highs. R&D expenditure in the fourth quarter was 3.98 billion yuan, and the total R&D expenditure for the whole year was 10.84 billion yuan. The cash reserve is 45.5 billion yuan. In 2023, the Q1 delivery guideline is 31,000-33,000 units, and the revenue guideline is 10.62 billion-11.54 billion yuan.

　　In addition, in order to continuously improve the car experience of users and friends, Weilai decided to add 1,000 power stations in 2023. Among them, about 400 are high-speed power exchange stations, which will speed up the layout of high-speed power exchange networks in 9 vertical, 9 horizontal and 19 urban agglomerations; About 600 are urban power stations.

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● Tucki

　　Xpeng Motors announced the delivery results in February. In February, Xpeng Motors delivered a total of 6,010 units, up 15% from the previous month. At present, there are four models on sale in Tucki, including Tucki G3, Tucki G9, Tucki P5 and Tucki P7.

　　On January 6th this year, after Tesla announced a price reduction of 20,000-48,000 yuan, Xpeng Motors was one of the few car companies to follow up the price reduction. Except for G9, the prices of three models on sale were all reduced by 20,000-36,000 yuan. Judging from the actual sales data, the effect of price reduction is effective, but it is not obvious.

"Tucki G3"

"Tucki G9"

"Tucki P5"

"Tucki p7"

　　In February, Tucki opened two stores in Denmark and the Netherlands, and the first European service center in Le Ronnskog, Norway, was also opened and put into use. At the same time, since March, the urban NGP function will be put on various models in Shenzhen, Shanghai and other cities.

---

● AITO brand

　　A few days ago, AITO brand announced the delivery data in February, and the delivery volume of the series reached 3,505 vehicles, down 21.68% from the previous month, and the cumulative delivery exceeded 84,000 vehicles.

　　On January 6th, after Tesla announced a price reduction of 20,000-48,000 yuan, the AITO brand also followed suit with a price reduction of 28,800-30,000 yuan. The price reduction models include the Wujie M5 EV and the Wenjie M7. However, from the sales data, the price reduction has not substantially promoted the sales volume. Tesla’s price reduction may have a certain impact on the sales volume of the series. At the same time, in February, due to the Spring Festival, consumption did not fully recover, which also restricted the recovery of sales volume.

　　As for the recent product upgrade, since February 24th, Huawei’s HarmonyOS cockpit equipped with AITO’s M7 has been upgraded, and new functions such as smart car search and calendar have been launched. Next, all departments in the world will also upgrade HarmonyOS 3.0 in March.

---

● Nezha Auto

　　On March 2nd, Nezha Automobile announced its sales results in February 2023. Specifically, Nezha delivered 10,073 vehicles, a year-on-year increase of 41.5%.

　　Specifically, Nezha V delivered 5,013 units, Nezha U delivered 3,012 units, and Nezha S delivered 2,048 units, up 35% from the previous month. By February, 2023, Nezha had delivered a total of 264,138 vehicles. According to the official, Nezha’s S capacity expansion will accelerate the delivery. At the same time, the intelligent assisted driving system will be upgraded through OTA in the near future, and the owner can also wait for the official follow-up push.

　　In February, Nezha Automobile won the EU E13 UNR155 CSMS (Cyber Security Management System) vehicle network security management system certificate issued by TUV Nande, which is the first R155 CSMS certificate issued by E13 in the world, indicating that Nezha Automobile has the industry-leading vehicle network security management capability, and at the same time empowering Nezha Automobile to step up its strategy of "going out to sea". At the same time, nearly 100 Nezha U and Nezha V were shipped to Jordan, which was the first batch of Nezha cars exported to Jordan.

● Full text summary

　　According to the published sales data in February, although February is a traditional off-season, many manufacturers still give satisfactory answers. Among the traditional car companies, the growth momentum of BYD, Krypton and Chery Group is still strong, but the sales data of car companies such as Great Wall have not yet been announced, and what transcripts they will hand over in February is also expected.

　　Among the new car companies, the Spring Festival holiday and other factors generally affected the delivery quantity, but Weilai Automobile and LI still achieved sales of 12,157 and 16,620 vehicles. Next, with the introduction of time-limited subsidies in various places, it has attracted a lot of car purchases, greatly enhancing the consumption environment and consumers’ desire to buy. Let’s look forward to it. (Text/car home Zhouyi)

　　How to combine travel with fun and environmental protection? A leading global innovative short-distance transportation company gave the answer.　

　　Green environmental protection, as a global topic in the new era, is not only a national strategic focus, but also one of the lighthouses to guide the operation of enterprises, especially for hard technology companies that produce and manufacture travel products, green environmental protection is definitely an unavoidable topic.　

　　Company No.9, as a high-tech enterprise dedicated to providing green short-distance travel tools for users around the world, is also one of the powerful practitioners of the concept of green environmental protection. Its short-distance transportation products, such as intelligent electric two-wheelers, electric scooters, electric balance cars and all-terrain vehicles, are mainly green and clean energy such as lithium battery and lead acid, and actively explore the application of more clean energy such as hydrogen energy. With this series of green short-distance travel tools, it can not only effectively meet the rigid demand of global users for short-distance travel such as the "last mile", but also continue to help global users travel green.　

　　In 2023, Company No.9 launched the world’s first hybrid all-terrain vehicle-Super Villain SX20T Hybrid, which pushed the industry into the new energy era. At the same time, this car is also equipped with the industry’s first smart and intelligent system for all-terrain vehicles, which is the first to bring intelligent operation experience.　

　　From the perspective of industry market share, Company No.9 has a prominent market share in various sub-categories of short-distance travel around the world. Since the company’s first intelligent electric two-wheeled vehicle product came out in 2020, it only took more than four years for the company to realize the milestone that the cumulative domestic shipment of electric two-wheeled vehicles exceeded 5 million. By the first three quarters of 2024, the company’s global cumulative shipments of electric scooters and electric balance cars exceeded 13 million and 4 million respectively, making it the world’s leading supplier of shared micro-travel solutions.　

　　Therefore, in addition to increasing the fun of traveling with intelligent innovation, the far-reaching significance of the products of Company No.9 lies in the promotion value of the concept of green environmental protection. By November, 2024, Company No.9 had accumulated nearly 22 million online users, over 6.58 million vehicles, over 30.6 billion kilometers of riding mileage, over 1.3 billion user visits on the 30th, over 12.7 billion vehicle starts, and its products were sold in more than 100 countries and regions. The cumulative reduction of carbon emissions exceeded 1.478 billion kilograms, equivalent to planting 82.61 million trees.　

　　While helping users around the world to travel green, Company No.9 is also actively fulfilling its social responsibility as the head enterprise of the industry, and continues to help the healthy development of the industry with the strength of the enterprise.　

　　On the one hand, in the face of a series of safety problems brought about by the increasing social ownership of electric two-wheelers year by year, No.9 Company took the lead in the industry. During the reporting period, it joined hands with GEM, the world’s largest power battery recycling enterprise, to take the lead in launching the lithium battery recycling business of electric two-wheelers led by production enterprises, so as to solve the problem of recycling and disposal of used lithium batteries and truly realize battery life cycle management. And actively responded to the call of "Full Chain Remediation Action for Electric Bicycle Safety Hidden Dangers", and launched the "Special Action for Electric Bicycle Safety Season" to strictly investigate the illegal activities of stores nationwide, and to join hands with local traffic police, market supervision administration, fire control and other competent departments in Beijing, Nanjing, Hangzhou, Zhengzhou and other cities across the country to popularize the safety knowledge of electric bicycles for the majority of users, and conduct free safety risk investigation for electric bicycles for the public to ensure the safety of electric bicycles from the source.　

　　On the other hand, Company No.9 has been actively participating in and leading the construction of industry standards, which not only fills the blank of industry standards, but also effectively reduces the international trade barriers of related industries and effectively promotes industrial development. Up to now, Company No.9 has led or participated in the formulation of more than 80 domestic and international technical standards, including ISO, IEC and other international, national and industry standards, involving electric bicycles, electric balance cars, electric scooters, service robots, batteries and other technical fields. On the way forward, Company No.9 keeps building technical barriers, consolidating the innovation ability of the bottom, and leading the technological progress of the industry with practice.

On December 13th, the Information Office of Shandong Provincial Government held a press conference to introduce Shandong’s efforts to crack down on telecommunication network crimes and protect people’s legitimate rights and interests. Liu Qichao, deputy secretary of the Political and Legal Committee of the Provincial Party Committee, said that since the beginning of this year, the political and legal organs of the province have continuously pushed forward the work of cracking down on telecommunication network fraud and crimes, detected 15,500 cases of electric fraud and related crimes, arrested 30,800 criminal suspects, and avoided the loss of 2.88 billion yuan. The number of cases and losses in the province has doubled, resolutely curbing the high incidence of telecommunication network fraud crimes.

The provincial government deployed a three-year campaign to crack down on telecommunication network fraud and illegal crimes in Shandong Province, and issued the Implementation Plan for the Three-year Campaign (2024-2026). The provincial public security department will include anti-fraud work in the "Ten Key Tasks" in 2024, study and formulate countermeasures, and promote the development of anti-fraud in the province. We will improve the working rules of the joint meeting, establish a regular debriefing notification system for member units, and a warning, interview prompt and listing rectification system for key regions and industries. Since the beginning of this year, we have issued a "risk warning letter" five times. Strengthen and make good use of investigation centers, build investigation centers at provincial, city and county levels, pool resources in full, set up professional teams, establish new policing models, and promote quality and efficiency.

Our province insists on strengthening the integrated operation of provinces, cities and counties, digging gold owners, shoveling dens, fighting back and clearing black production, and continues to launch a fierce offensive against electric fraud crimes and black ash industry. Further improve the supervision mechanism for listing major cases, promote breakthroughs in cases with a million yuan or more, and arrest 2,447 criminal suspects. Organized and carried out special actions such as "Yun Jian", "Cut off the card", "Cut off the flow", "Pull out the nails" and "Summer Action", cracked a large number of important cases, prosecuted more than 25,200 suspects and sentenced 5,243 people. A dynamic identification model of fraud-related information was established, and a centralized battle against telecommunication network fraud was launched. 598 criminal dens were destroyed, 6,935 suspects were arrested, and 5.452 million yuan was seized and frozen.

Adhere to the construction of a "before-during-after" closed-loop prevention and control system, strengthen the discovery, disposal and interception capabilities of capital flow, communication flow and network flow, promote the financial and communication departments to continuously optimize technical countermeasures, improve the emergency disposal mechanism of funds involved, intercept 20.947 million fraudulent calls and 21.561 million fraudulent text messages, and block 14.2213 million fraudulent apps and websites to prevent cases to the maximum extent. The early warning targets were dissuaded and reminded by classification, of which 1.479 million were dissuaded in depth, and the success rate of dissuasion reached 99.8%, ranking first in the country in terms of dissuasion quality and effectiveness. We launched a centralized publicity campaign of "All People Fight Fraud in Action", launched the "Bright Screen Project", organized anti-fraud propaganda activities, held a series of live broadcast activities of "Youth with Me Against Fraud", sent more than 900 million public service short messages, and set off a new round of anti-fraud propaganda. The cases of students, the elderly and financial personnel being cheated in the province decreased by 17.7%, 13.3% and 26% respectively.

Adhere to industry governance and ecological governance, improve the "full chain governance" mechanism, and eradicate the breeding ground for crime from the source. We continued to optimize the dynamic management and control mechanism of the "two cards" (telephone cards and bank cards) involved in the case, established low, medium and high risk assessment grades, and carried out disposal work by classification. The "two cards" involved in the case decreased by 15.9% year-on-year, which was 7.2 percentage points higher than the national average. It is the first in the country to share the characteristic data of black and gray terminal equipment, base stations and traffic behaviors involved in the case, carry out dynamic identification around the whole life cycle of fraudulent phone cards, and automatically screen and shut down more than 2.579 million fraudulent phone cards. Strictly implement the real-name registration system of network users, establish the monitoring and early warning mechanism of network accounts, implement the authentication of real identity information according to law, shut down 67,000 QQ and micro-signals involved in fraud, and fully reduce the space of cybercrime. The procuratorial organs focused on the loopholes and shortcomings of social governance reflected behind the case, issued 24 procuratorial suggestions on social governance, and cooperated with relevant departments to strengthen governance. The Provincial Department of Justice will publicize and implement the "Anti-Telecommunication Network Fraud Law" into the "Eighth Five-Year Plan" and the annual law popularization points, guide and urge all levels and departments to strictly implement the law popularization responsibility system, and form a joint force for anti-fraud law popularization.

Liu Qichao introduced that in the next step, we should accurately grasp the current new situation of telecommunication network fraud crimes, take a stronger political responsibility, mission responsibility and responsibility, make overall plans to promote the work of prevention, control and construction, and resolutely protect the lives and property of the people.

Specifically, it includes continuing to promote three years of action. Focusing on the "five key points" of counter-prevention, industry governance, personnel management and control, cracking down on cases, and responsibility implementation, we will carry out a three-year campaign to crack down on telecommunication network fraud and illegal crimes, give play to the role of the mechanism, unite the joint efforts of departments, compact work responsibilities, and ensure effective insight.

Continue to intensify the crackdown. Keep a close eye on existing cases, especially serious cases, and carry out special projects to ensure that the case will be judged and attacked as soon as possible. Focus on promoting the "cut-off" action and continuously carry out the work of returning overseas electric fraudsters.

Continue to strengthen early warning and discourage. Establish the concept of "more cases are better than fewer cases", while maintaining the early warning and dissuasion work, mobilize all walks of life to strengthen internal prevention, continue to deepen accurate publicity and prevention, and improve the people’s ability to identify and prevent fraud. Accelerate the optimization and upgrading of the telecommunication network fraud prevention platform, improve the early warning and alarm response mechanism, and minimize the occurrence of cases.

Continue to strengthen comprehensive management. Implement the Anti-Telecommunication Network Fraud Law and the Joint Disciplinary Measures for Telecommunication Network Fraud and Related Crimes, and promote the establishment and improvement of a joint disciplinary system; Accelerate the construction of cross-industry collaborative governance system, promote the data interaction of telecommunications, finance, Internet and other industries and departments, optimize the function of the "two cards" dynamic management and control platform, improve the sharing mechanism of black and gray samples, and enhance the governance capacity and level of "capital chain". (Jinan Daily loves Jinan Reporter: Fan Yuxin)

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The four major banks can make a national installment of 20% from Toyota Financial Support 0 down payment for a maximum of five years.

No pit, no cheating, no routine, no binding, hidden consumption, modification, quality guarantee, car guarantee and brand guarantee.

The 2023 Ford Fierce Horse Raptor (Configuration | Inquiry) version adopts a straight roof line, thus obtaining a better head space inside the car. At the same time, the use of a penetrating waistline also makes the new car look more layered. In addition, the front and rear fenders slightly protrude from the car body, with the concave design under the door and large-size wheels, it looks stable. At the rear of the car, the new car is equipped with a plug-in rear spare tire, and the taillights on both sides are vertical, which has excellent effect after lighting. The black protruding rear bumper design is very off-road. 24-hour hotline 133 4207 0760 with WeChat

Vigorous horse 23 3.0T four-door Raptor Raptor raptors configuration: 3.0T V6 10-speed intelligent 4X4 horsepower 7 driving modes; RAPTOR HOSS4.0 suspension; FOX3.1 nitrogen shock absorption; 37 tires; 4.7 Lock the transmission ratio of the rear axle reducer; Front and rear differential; The front anti-roll bar is disconnected; Detachable door and hardtop; High performance heavy modular front bumper; Rigid fog lights and off-road lights; Heavy vehicle steel baffle; 360-degree loop image; LED signature lamp and fog lamp; Rear view mirror heating; Trailer coupler front 2 rear 2; Start the shaking with one key; 12-inch touch navigation screen. 24-hour hotline 133 4207 0760 with WeChat

The 2023 Ford Fierce Horse Raptor adopts a tough design style. The center console has a distinct and layered design, and the materials are also thick. The multi-function steering wheel is modeled and moved. The embedded design of the central control screen adds a sense of fashion in the car, with reasonable button layout, exquisite gear handle design, wide and thick seats, spacious space and strong practicality. 24-hour hotline 133 4207 0760 with WeChat

The 23 models of Bronco Fierce Horse Raptor are equipped with a 10-speed automatic transmission, which is an automatic manual transmission. The driver can manually shift gears, and the power is transmitted through the front and rear larger transmission shafts and connected to the upgraded Dana axle. The 4×4 system is equipped with an upgraded transfer case, a clutch with higher capacity, and the Baja mode is adjusted (the chassis can be adjusted according to the terrain selection). Bronco Raptor is also equipped with towing/trailer mode with a maximum towing capacity of 4,500 pounds (2041KG). 24-hour hotline 133 4207 0760 with WeChat

24-hour hotline 133 4207 0760 with WeChat

For more configuration colors, please add WeChat to send you comparison.

The four major banks can make a national installment of 20% from Toyota Financial Support 0 down payment for a maximum of five years.

No pit, no cheating, no routine, no binding, hidden consumption, modification, quality guarantee, car guarantee and brand guarantee.

　　After 1.1 billion yuan of "advertising door",There is also a big alarm.

　　BYD has always been regarded by many people as the leader of domestic new energy vehicles and the spokesperson of domestic independent brands. In just five years after listing, the operating income reached 100 billion yuan. However, with the release of the 2017 annual report and the first quarter report of 2018, it shows that BYD’s operating conditions are not optimistic. This paper discusses and analyzes BYD’s operating conditions from the financial point of view.

　　Affected by the decline in subsidies for new energy vehicles, BYD’s net profit in 2017 fell by 19.5% year-on-year, and its net profit in the first quarter of 2018 plummeted by 83.1% year-on-year. And in a quarterly report, it is estimated that the net profit attributable to shareholders of listed companies will drop by 82.59% to 70.98% from January to June this year.

　　The 1.1 billion "advertising door" incident in July this year pushed BYD to the forefront of public opinion. Some critics outside believe that such an incident has exposed some problems in BYD’s management. Will management problems have an impact on the company’s business? We can observe its real operating ability and financial situation by analyzing its financial statements.

　　The difficulty of profitability and growth ability

　　Table 1 BYD’s gross profit margin in 2015-2018

　　Table 2 BYD’s net interest rate in each period from 2015 to 2018

　　As can be seen from the chart comparison, although BYD’s gross profit margin has declined slightly in recent years, it is still relatively stable, but the net profit rate has generally declined since 2017, reaching 1.07% in the first quarter of 2018, down 71.16% year-on-year. At the same time, according to the 2017 annual report, although BYD’s operating income increased by 2.36% year-on-year, its net profit returned to its mother decreased by -19.51% year-on-year, and its non-net profit decreased by 35%. Then we will horizontally analyze the results of BYD’s main business income and gross profit margin in 2017 compared with the same industry to determine the reasons for the decrease in profits. BYD’s main business is mobile phone parts and assembly, automobiles and related products, rechargeable batteries and photovoltaics. We take Foxconn, Beiqi New Energy,For comparison.

　　Table 3 Comparison of gross profit margin and changes of BYD’s main businesses with the same industry in 2017

　　It can be concluded that the yield of BYD’s mobile phone sector and assembly industry is good, but the yield of automobile industry and battery and photovoltaic industry is worrying.

　　On the whole, there are four reasons.

　　First, the state subsidies for new energy vehicles have fallen sharply. In 2017, the subsidies for new energy vehicles fell by about 20%, which directly led to the decline of the company’s performance. If the new energy policy continues, this unfavorable factor will continue.

　　Second, industry competition has intensified. I am in 2017The total sales volume of automobiles in the whole year was 777,000, and all major automobile companies showed strong interest in the field of new energy vehicles, such as established BAIC, GAC and SAIC, and emerging Weilai and Tucki, which doubled the pressure on BYD. And in 2018, joint venture brands also began to enter the market, and BYD will face more intense competition.

　　Thirdly, BYD’s power battery industry is under great technical pressure. At the same time, it has been suppressed by Contemporary Amperex Technology Co., Limited, and its battery sales have been surpassed.

　　Fourth, considering the cost, the prices of the four core raw materials for manufacturing batteries have risen steadily, which has greatly reduced BYD’s battery profits. It is predicted that if these four problems can’t be solved in time or enterprises can’t find another way in the future, BYD’s profitability and growth ability will continue to decline.

　　Table 4 Sales volume of domestic mainstream independent brand new energy vehicles in 2017

　　Pressure of debt repayment

　　Table 5 BYD in 2015-2017,、Solvency index

　　Comparing BYD with two companies in the same industry, it is found that BYD’s solvency is significantly lower than that of the other two companies, which deserves our attention. In particular, the quick ratio and cash ratio are far lower than those in the same industry, which shows that there are risks in the short-term solvency of enterprises, and cash and cash equivalents are difficult to repay the current liabilities borne by enterprises. At the same time, it also proves that BYD’s accounts receivable and inventory are relatively high in the same industry. Then let’s analyze the status of BYD’s inventory, accounts receivable and prepayments.

　　Table 6 Changes of BYD’s inventory, accounts receivable and prepayments in 2015-2017

　　BYD’s accounts receivable increased by 24.20%, prepayments increased by 312.24%, and inventory increased by 14.32%, which was amazing. These data potentially show that BYD does not hesitate to sell on credit in order to expand the market and improve its competitiveness. At the same time, its bargaining power has begun to weaken in the face of suppliers. Excessive inventory also affects the turnover efficiency of enterprises and increases the occupation of funds. All these situations are warning the increasing financial pressure of enterprises.

　　Operational capacity that needs to be improved urgently

　　Table 7 Operating Capacity Indicators of BYD, Changan Automobile and Yutong Bus in 2015-2017

　　The data shows that BYD is also under pressure compared with its peers in terms of operational capacity. Compared with the industry, BYD’s inventory turnover days, total assets turnover rate and average collection period are weak. In 2017, average collection period is even 21 times that of Changan Automobile, while the inventory turnover days are about 4 times that of Yutong Bus, which reflects the poor liquidity of enterprises and highlights the urgent need for improvement in their current assets management.

　　The core reason why the 1.1 billion "advertising door" incident has had such a great impact on BYD is that once this incident is settled, BYD needs to bear part of the responsibility, which is undoubtedly unbearable for investors. After all, BYD’s net profit in the first quarter of this year was only 102 million yuan.

　　No matter from the "advertising door" incident or the above analysis of BYD’s operation from the financial indicators, they all sounded the alarm for BYD’s management. As a leader in energy vehicles, it needs perfect corporate governance, and more importantly, it needs excellent results to repay investors. Otherwise, investors will vote with their feet.

　　In the bustling and noisy city, the traffic is woven, and every car is telling the story of the city in its own way. The polar fox Alpha T5 is the most dazzling landscape in this city. With its unique design, it has attracted countless people’s attention and become an existence that cannot be ignored in the city.

　　The extremely fox car makes people fall in love at first sight.

　　Extreme Fox Alfa T5, a model that people fall in love with at first sight. From the front to the rear, every detail exudes unique charm. In the front part, the simple and powerful air intake grille design is unforgettable. The lines are smooth and as delicate as sculptures, showing the ingenuity of the designers. The body contour is elegant and dynamic, like a cheetah ready to sprint at any time. No matter from which angle, you can feel its unique temperament and powerful gas field.

　　In terms of body size, the polar fox Alpha T5 also shows its advantages. The wide body size not only ensures the spacious and comfortable space inside the car, but also makes the whole car look more stable and atmospheric. The optimized design of the wheelbase makes the handling of the vehicle more excellent, and it can easily cope with various driving scenarios, whether on urban roads or highways.

　　In tyre size, the Extreme Fox Alpha T5 uses high-performance tires, which not only provides good grip, but also makes the whole car look more sporty and fashionable. The rim design is also brilliant, exquisite modeling and unique materials make the whole vehicle more recognizable.

　　Of course, a good car is not only about appearance, but also about interior. The interior design of the Extreme Fox Alfa T5 is also amazing. The simple and high-tech interior style makes people feel like they are in the future world. In the cockpit, the steering wheel wrapped in leather feels comfortable and can fully feel the fun of driving. The large-size touch screen on the center console integrates multiple functions and can easily operate various devices during driving.

　　Polar fox alpha tfivePay attention to the balance between comfort and support

　　In terms of seats, the Extreme Fox Alpha T5 also pays attention to the balance between comfort and support. The seat made of advanced materials not only feels comfortable, but also provides a variety of adjustment functions, which can be adjusted according to their own needs. The car is also equipped with a wealth of entertainment facilities, and you can enjoy a happy time during driving.

　　In terms of power, the polar fox Alpha T5 also performed well. It is equipped with advanced power system, which can provide strong power output. No matter on city streets or highways, the polar fox Alpha T5 can show smooth and stable driving performance. At the same time, the vehicle is also equipped with an advanced driver assistance system to provide drivers with a safer and more convenient driving experience.

　　Generally speaking, the Extreme Fox Alfa T5 has become a highly regarded model in the market with its unique and trend-setting exterior design, exquisite interior design and strong power performance. It is not only a car, but also a reflection of life attitude. In a busy city, it is undoubtedly a different life experience to drive the polar fox Alpha T5, feel its unique charm and enjoy its driving pleasure.

入伍20多年，郝井文苦练精飞，从一名普通飞行员成长为优秀战斗员、指挥员。（万全/摄）

　　CCTV News(Reporter Kong Hua) Above the blue sky, under the sky, there is a group of people who fight in the sky, defend the security of the motherland’s airspace, and patrol the vast airspace. They are the Chinese Air Force aviation personnel, and they are called "dancers on the tip of the knife".

　　After more than 20 years of enlistment in the army, the flight time exceeded 3,000 hours, protecting the blue sky and blue sea of the motherland, and our Air Force fighter flew over the Tsushima Strait to make up the captain aircraft – Hao Jingwen, is the "king" of this group of dancers.

郝井文驾驶战机起飞。（万全/摄）

　　Hao Jingwen, a special-rank pilot of the Air Force, is currently a brigade commander of the Air Force Aviation Brigade. Hao Jingwen’s unit is a force with a deep tradition and outstanding combat achievements. He has fought in North Korea twice and shot down and wounded 59 enemy aircraft.

　　"Coming to this army is like a good student coming to a good school, with a good head teacher and a good deskmate," Hao Jingwen said: "Because of the deep tradition of the army and advanced modern equipment, it is difficult to come here without wanting to become a talent. Because of this, the responsibilities and missions on your shoulders are greater and more glorious."

　　Hao Jingwen, who became a talent here, has successively won the "Golden Helmet" of the Air Force’s first anti-air combat competition, won the second-class merit once, and the third-class merit five times. He was honored as the "All-Army Love Army Essential Martial Model", and grew from an ordinary pilot to an excellent combatant and commander.

　　As a soldier, he always went into training in the state where the battle started today; after taking up the leadership position, every time he was in a critical and dangerous task, he flew the first sortie and fired the first live ammunition; he took the lead in breaking the peace problems of not training and not training, and took the lead in carrying out actual combat training courses such as night bombing and shooting of a certain type of aircraft, free air combat at sea, and tactical air refueling in the whole air force, striving to maximize the load, hit the border with live ammunition, and fly as far as the sea.

　　Hao Jingwen set his sights on the future battlefield and took the lead in establishing an information warfare research center to explore informatization, process-based, and standardized training norms. Considering that the future battlefield must be a system competition, he conducted in-depth research on integration issues and organized pilots to visit ground guidance, radar, and reactance units for many times to determine the position of quasi-aviation units in system operations. Since the establishment of the brigade in 2017, he has taken the initiative to conduct collaborative exercises with other military services to solve a number of combat problems by leveraging the advantages of the theater.

　　Where is the interests of the motherland, where is the duty of the soldiers. In 2013, our country set up the East China Sea Air Defense Identification Zone, Hao Jingwen piloted the police patrol; in 2017, he served as the captain of the fighter aircraft to cover the H-6K before leaving the Tsushima Strait.

　　Bring a fledgling eagle to become an eagle, and bring out a sharp knife team

郝井文和他的尖刀战队。（万全/摄）

　　When he got the "Golden Dart" in 2018, the vice captain of the flight, Tang Shuyao, was still under 30 years old.

　　In 2017, due to physical reasons, Tang Shuji missed the opportunity to participate in the international military competition. Two months later, he received a notice that he was going to participate in the "Golden Darts" event.

　　Hao Jingwen said that he was chosen because his talent and achievements were there, and there was no special channel; secondly, if he didn’t overcome this psychological barrier and get out of the shadow of failure, I’m afraid he would not be able to pass this barrier in the future. Therefore, give him a chance, give him a chance to defeat himself and defeat failure; "Besides, this small failure can’t stand it, so if you encounter a war, will you be able to survive it?"

　　From the sharp reprimand at the beginning to sitting in the back cabin without saying a word, Tang Shuyi was under the tremendous pressure brought by Brigade Commander Hao Jingwen. The night before the "Golden Darts" competition, he was both nervous and excited. It was not until the next day that he completed the competition that his heart that had been hanging for several months was slightly relieved.

　　"Winning the’Golden Dart ‘is proof of the past. It doesn’t mean that he will still train and perform missions like other pilots in the future." Hao Jingwen said that it is absolutely impossible for the young eagle to become an eagle without experiencing ups and downs.

　　In 2011, Hao Jingwen won the first "Golden Helmet" of the Air Force with a big score. Since then, under his leadership, the army has won the first place in the actual military training competition of the Air Force "Golden Helmet" and "Golden Dart" for 6 times. 10 people have won the "Golden Helmet" and 6 people have won the "Golden Dart", ranking first in the entire Air Force. Hao Jingwen led a sharp knife team that fights against the sky.

　　It is this outstanding combat team that has repeatedly completed major tasks such as air rights protection for the Diaoyu Islands, regular control of the East China Sea Air Defense Identification Zone, and actual combat military training in the Western Pacific.

　　"A strong person is not strong, a strong team is the real strength. Just like, five fingers, only when they are clenched together and form fists can they have strength and win." Hao Jingwen said.

　　Flying, for the peace of the motherland and the people

郝井文驾机带队训练。（黄振伟/摄）

　　The pilot selected from the "Thousands of Troops" is a well-deserved proud son of heaven. However, if the proud son of heaven wants to become a "dancer on a sharp knife", he still needs to follow the path of "talent + diligence".

　　In the eyes of the soldiers, the severity of Brigade Commander Hao Jingwen was a bit "terrifying".

　　No matter night or rainy night, no matter thunderstorm or strong wind, "even if a knife is fired", as long as certain takeoff conditions are met, Hao Jingwen will take the lead in flying, he said, "War will not happen when the weather is just right."

　　No matter whether it is training or competition, even playing basketball, football and singing, Hao Jingwen also wants the team to strive for the first place. He said that "there is only life and death on the battlefield, victory and defeat."

　　哪怕飞得再好，也难听到他一句表扬，哪怕出现一点小的问题，也会招来他厉声斥责，他说，“宁让你一人哭，不让你全家哭。”

　　养兵千日，用兵一时。

　　2015年，在一次远程“奔袭”过程中，郝井文带队的编队遭遇“特情”。

　　“我们一共8架飞机起飞，旅长是长机。出发时，天气预报天气正常，一个多小时飞到那片海域时突遇积雨云。是飞过去还是绕过去？飞过去，会不会遭遇雷暴等危险；绕过去，油料够不够？这一切需要旅长在很短时间做出决定。他要求我们保持队形，跟他一起飞过去，我们在黑色圆柱似的云层间隙中穿行，在云层里飞了20多分钟，当时感觉每一分钟都很长。”回忆当时一幕，副参谋长王立至今还感觉十分惊险，“飞出积雨云又遇突发状况，由于海面风高浪急，目标靶点被吹跑了。此时又该怎么办？旅长指挥我们，避开航线在安全区域低空盘旋，经与地面指挥员联络确定攻击目标后，命中目标，我们才顺利返航。”

　　“旅长，是那种你找不到突破口，他会奇迹般地给你指一盏灯的人。”王立说。

　　说起那次经历，郝井文说，“随机应变是一个指挥员必备的素质”。

　　“从高空俯瞰祖国大地，万家灯火，安宁祥和，特别的自豪。特别想说，‘祖国的每一寸领空交给我们，请放心。’”铿锵有力的承诺是20多年苦练精飞的辛苦付出，郝井文经常用一句话勉励自己、激励战士，“强者都是含着眼泪在奔跑。”正是他们的艰苦实干，无悔付出，才有千家万户亿万人民的安宁祥和。

Take advantage of the Group’s 55th anniversary brand Dongfeng, and enjoy millions of glory of luxury electric off-road!

On September 24th, Dongfeng grandly launched the Warrior 917 Dragon Armor. This is not only a luxury electric off-road vehicle, but also marks the breakthrough of China automobile industry in the high-end market. Through film co-branding and innovative technology, Dongfeng Warrior 917 shows the strength of the brand in technology and design, and becomes the focus of market attention.

Market Breakthrough of Film Co-branded Vehicles

Warrior 917 Dragon Armor, starting at 768,000 yuan. Its design is inspired by loong elements, combined with the image of the Dragon Commando in the film, and it is painted with highlight desert storm yellow, making it the focus of the city and the wilderness.

Car buyers enjoy a number of free rights, such as life-long free car pick-up and road rescue, as well as 20G cockpit entertainment traffic per month. This user-centered strategy enhances the brand appeal. In addition, Dongfeng Warrior 917 provides users with a number of car purchase privileges, including limited gifts worth up to 38,000 yuan, such as home piling, chassis armor and replacement subsidies, demonstrating its innovation in high-end customized services.

Extreme off-road performance and technological innovation

Known for its strong technical performance, Dongfeng Warrior 917 is equipped with the world’s first electric drive assembly integrating differential lock and two-speed gearbox, providing a maximum of 816 horsepower and a torque of 1050 N·m, far exceeding the traditional fuel vehicle. The electronically controlled differential lock and the central virtual differential lock ensure the vehicle’s ability to get out of trouble in complex terrain and are suitable for various off-road challenges.

The intelligent chassis design makes it extremely flexible, with the rear wheel angle of 10.6 and the minimum turning radius of only 5.1m.. The warrior all-terrain system M ATS provides a variety of off-road modes, which can automatically identify and adapt to different terrain, making it easy for drivers to cope with various road conditions. Professional equipment such as high-performance K-MAN coil spring nitrogen reduction and T-MAX professional electric winch further enhance the off-road ability and safety of vehicles.

Dongfeng Warrior 917 not only performed well in power, but also lowered the threshold of off-road driving through intelligent technology, attracting more attention of off-road enthusiasts.

The first film and television joint name, highlighting the true colors of Gao Ding.

As the first film joint car in China, Dongfeng Warrior 917 is not only an innovative attempt in the automotive field, but also a successful example of cross-border cooperation. Yu Dong, the chairman of Bona Film, became the first owner. He said that this car is a witness to the progress of China’s film and automobile industries and symbolizes the deep integration of the two industries.

On the occasion of the 55th anniversary, Dongfeng Company demonstrated its strategic layout in the field of luxury electric off-road vehicles. Warrior brand will continue to lead the trend, and strive to define the new height of cross-country in China through extreme cross-country and intelligent technology. Cao Dongjie, general manager of Dongfeng Warriors Technology, stressed that the company will take users as the center and provide users with products and services that exceed expectations through innovation.

In the future, Dongfeng Warrior will continue to expand its product matrix and meet the diverse needs of users with excellent technology and design. This not only shows the innovative ability of China automobile industry, but also injects new vitality into the luxury electric off-road vehicle market.

【 High and low judgment 】

The listing of Dongfeng Warrior 917 Jiaolong Armor marks another big step for Dongfeng Company in the high-end electric off-road vehicle market. With its unique design and excellent performance, this car not only meets the expectations of the market for luxury off-road vehicles, but also lays a solid foundation for the future development of the brand. Dongfeng Warrior will continue to be driven by innovation, promote the development of China off-road vehicle market and write a new chapter.

　　Sino-Singapore Jingwei client November 8 (Zhao Jiaran) The "double 11" war has started ahead of schedule. Next week, besides preparing enough "chop hands" budget, there are also these heavy financial events that may affect your "wallet". Let’s watch it in advance!

　　Data release

　　Next week, China will release the data of M0, M1 and M2 in October, as well as the data of CPI and PPI in October. The United States will release October CPI, PPI, etc., and Germany will release November ZEW economic climate index, October CPI and other data.

　　Market hotspot

　　First, October CPI, PPI, M2 and other data will be released.

　　On November 10th and October, CPI and PPI will be announced. Many institutions expect that CPI is expected to continue to narrow in October. In addition, the data of M0, M1 and M2 in October will be released on November 11th.

　　CICC recently released a research report, predicting that the year-on-year growth rate of CPI will drop from 1.7% in the previous month to around 0.5% in October, and may further decline in November. However, the year-on-year growth rate of non-food prices may be relatively stable, and the year-on-year growth rate of service prices may improve. It is expected that PPI will maintain positive growth in October, and the year-on-year decline will narrow slightly from 2.1% in September to 2%.

　　According to a research report released by soochow securities, the recovery of PPI in China is still strong, and consumption and investment are accelerating. In September, the manufacturing PMI rose by 0.5% month-on-month, and the decline of PPI is expected to narrow in October, and it is expected to close at -2.10% year-on-year. In addition, M2 is expected to close at 10.5% in October.

　　Second, the peak period of "double 11" express delivery is approaching.

　　The State Post Bureau held a special press conference on service guarantee in the peak season of express delivery business. According to reports, the peak season in 2020 ranges from the beginning of November to the eve of the Spring Festival in 2021 (February 12), totaling 103 days. Among them, during the "double 11" period (November 11th to 16th), there will be a peak season, and it is estimated that the daily average express delivery business volume will reach 490 million pieces, which is about twice the daily business volume.

　　According to the State Post Bureau, this year is the 11th peak season for the postal express delivery industry to systematically organize and meet the express delivery business. At present, the enterprise has added 490,000 temporary workers, 100,000 vehicles and 5.39 million square meters of processing space, increased transportation capacity reserves, and added high-speed rail express lines.

　　Third, in the fourth quarter, the voucher-type savings bonds was issued on the 10th.

　　According to the Ministry of Finance, in the fourth quarter, savings bonds will start issuing on October 10th and November 10th respectively, and the electronic savings bonds will be issued on October 10th with a term of 3 years and 5 years, with annual interest payment. On November 10th, savings bonds with certificates was issued, with a term of 3 years and 5 years, and the principal and interest will be repaid in one lump sum.

　　It is reported that the two issues of treasury bonds are issued to individuals at face value, and the sales face value must be an integer multiple of 100 yuan. The two issues of national debt are registered national debt, registered in real-name registration system, which can be reported as loss, but not negotiable. Two issues of treasury bonds may not be redeemed in advance during the issuance period, but may be redeemed in advance after the issuance period. The early redemption business can only be handled through the counter of the business outlets of the members of the underwriting syndicate.

　　Four, the central bank’s open market 320 billion yuan reverse repurchase expires.

　　Wind data shows that there will be 320 billion yuan of reverse repurchase due in the central bank’s open market next week (November 7 to November 13), including 50 billion yuan, 120 billion yuan, 120 billion yuan, 30 billion yuan and 0 yuan from Monday to Friday respectively, and there are no repurchase and central bank bills due.

　　Stock market outlook

　　I. Opportunities for new shares

　　Wind data shows that next week, two new shares will be listed first, and eight new shares will be purchased online.

　　On November 9th (Monday), N Wantong (stock code 830839.OC) and N Haosen (stock code 688529.SH) will be listed soon. Among them, N Wantong is a professional equipment manufacturer dedicated to the design, development and manufacture of hydraulic machinery products; N Hausen specializes in intelligent equipment, assembly technology and comprehensive solutions for complete sets of customized products.

　　On November 9th, three other companies subscribed, namely Dezhong (stock code: 838030.OC), Kangping Technology (stock code: 300907.SZ) and Huichuangda (stock code: 300909.SZ).

　　On November 10th, Northland (stock code: 430047.OC) will make a subscription.

　　On November 11th, three new shares were subscribed, namely Zhongjing Food (stock code: 300908.SZ), Mingxin Xuteng (stock code: 605068.SH) and Zhongkong Technology (stock code: 688777.SH).

　　On November 12th, Cube Pharmaceutical (stock code: 003020.SZ) will make a subscription.

　　Second, institutions look at the market

　　Gf securities: how to grasp the "production expansion" cycle of export chain?

　　A shares exclude the profit growth rate of the third quarterly report of finance -5.92% (the profit growth rate of the interim report is -25.04%). Non-financial A-shares recorded the highest Q3 quarter-on-quarter growth rate since 2003, and we revised the A-share profit forecast for the whole year. Under the assumption that the epidemic will not affect the large-scale asset impairment, it is predicted that the annual non-financial net profit growth rate of A shares will increase to double digits.

　　On the whole, in the past 20 years, the "three-table repair"+production capacity has been cleared, but the medium and long-term economic growth expectations are weak, and the enterprise’s "expansion of production" is all ready, and it still lacks the east wind; Structurally, the epidemic has reshaped the global industrial chain, and China’s export chain boom is expected to continue to improve, which is expected to start a new round of "production expansion" cycle.

　　Huajin Securities: The total amount of funds has shrunk slightly, and some pro-cyclical sectors have been added.

　　Looking ahead, it is possible that the total amount of A-share funds will tend to be stable; The total amount of new shares issued in October decreased compared with the previous month. At the same time, the rate of reduction of industrial capital in October also declined, which is expected to reduce the contraction pressure of A-share funds. However, it is worth noting that Public Offering of Fund’s positions, especially those of partial-share funds, are still at a relatively high level, and may face some pressure of position contraction in the future. It is necessary to continuously observe whether the incremental funds brought by fund issuance can cover possible fund position fluctuations.

　　The change trend of capital preference from the third quarter to the present: short-term funds turn to pro-cyclical and optional, while medium-and long-term funds pay more attention to pro-cyclical, and the intention of holding positions within technology consumption is divided.

　　Southwest Securities: New Kinetic Energy of Digital Economy Growth in 2021

　　Thoughts on stock selection in overseas industries With the Internet industry entering the second half, the competing growth among giants and the need to expand their ecology, this paper puts forward some differentiated views, such as paying attention to the ecological opening dividend of giant private domain traffic, paying attention to the cognitive gap of Internet enterprises in China, and paying attention to the overseas dimensionality reduction output of Internet models.

　　Looking forward to 2021, we will continue to pay attention to China’s Internet enterprises and spillover industries, with high-quality growth at home and new expansion overseas. With the decline of uncertainty of domestic epidemic situation, the consumer Internet field focuses on the habit solidification of epidemic situation, while the industrial Internet field focuses on value creation and C-side integration. With the uncertainty of overseas epidemic situation, we will continue to pay attention to the behavior solidification of the "home economy" industry overseas and the low-dimensional penetration of the domestic Internet model. It mainly focuses on three growth points: traffic production and precise directional distribution, data production factors and industrialization, and diplomatic geographical advantage dividend. (Zhongxin Jingwei APP)