▌important news

▍BYD announced the recall of nearly 100,000 electric vehicles to fix the hidden danger of steering system.

First Electric reported on September 29 that BYD Auto Industry Co., Ltd. and BYD Auto Co., Ltd. filed a recall plan with the State Administration of Markets according to the requirements of relevant laws and regulations, and announced the recall of some vehicles from September 30, 2024, with a total of nearly 100,000 vehicles.

BYD Auto Industry Co., Ltd. recalled 87,762 domestic Dolphin and Yuan PLUS electric vehicles produced from February 4, 2023 to December 26, 2023. BYD Auto Co., Ltd. recalled a total of 8,952 domestic PLUS electric vehicles produced between November 2, 2022 and June 19, 2023.

The reason for the recall is that some vehicles’ electric power steering column assembly (CEPS) controllers have manufacturing process problems, which may lead to micro-cracks in capacitors, which may lead to short circuit, overheating and ablation, and even fire, which may pose a safety hazard. In order to solve this problem, BYD will install controller insulation gaskets for vehicles within the scope of recall free of charge.

BYD Auto Industry Co., Ltd. and BYD Auto Co., Ltd. will entrust authorized dealers to carry out free maintenance work for this recall to eliminate potential safety hazards.

▍Tucki Huitian won an order for 150 flying cars, which will be delivered in 2026 and the price will not exceed 2 million.

On September 29th, First Electric announced that Tucki Huitian had signed a reservation contract for 150 mass-produced flying cars "Land Aircraft Carrier", and the booking parties were Gaozhi Airlines and Aocheng Airlines. The contract price does not exceed 2 million yuan, and the total order amount is nearly 300 million yuan. It is planned to be pre-sold at the end of the year and delivered in 2026.

The land carrier adopts 3-axle and 6-wheel design, which looks like Tesla Cybertruck, with a size of 5500/2000/2000mm and a four-seat design. C is a driver’s license. The vehicle adopts 800V silicon carbide extended range power platform, with CLTC cruising range exceeding 1000 kilometers, 6×6 all-wheel drive and rear wheel steering, which has good load-bearing and off-road performance.

The aircraft is located in the trunk, rechargeable, charging 30%-80% in 18 minutes, supporting 5-6 flights, adopting the design of four propellers, seating two people, and supporting one-button automatic take-off and landing and automatic navigation. Zhao Deli, the founder of Tucki Huitian, said that the company’s development strategy is divided into three steps: first, to achieve field flight, then to achieve inter-city flight, and finally to achieve free flight for all people.

▍Weilai China received a capital increase of 3.3 billion yuan from state-owned assets, and Weilai Automobile chased 10 billion yuan.

On September 29th, First Electric announced that Weilai Automobile had signed strategic investment agreements with three existing shareholders, including Hefei Jianheng New Energy Automobile Investment Fund Partnership (Limited Partnership), Anhui High-tech Industry Investment Co., Ltd. and SDIC Investment Management Co., Ltd.. According to the agreement, these strategic investors will increase their capital by 3.3 billion yuan to subscribe for the newly issued shares of Weilai China, and Weilai Company will also invest 10 billion yuan to subscribe for the new shares.

The founder of Weilai Automobile said that the new round of capital increase reflects strategic investors’ recognition of Weilai’s leading position in the industry and their support for the high-quality development of the smart electric vehicle industry. Weilai will continue to invest in technological innovation and charging and replacing infrastructure to enhance the competitive advantages of products, services and communities and lay the foundation for the company’s long-term development.

▌domestic

▍The spy photos of the new model of Zunjie were exposed, and Yu Chengdong claimed to be the king of the million-level market

On September 29 th, the first electric news, the road test spy photos of Zunjie’s new model have been circulated on the Internet recently. Although the vehicle is highly camouflaged, the appearance features show that the front face is designed as a closed grille, and may be equipped with a penetrating light strip and Huawei xPixel smart headlights. Spy photos show that the new car has a sleek body curvature, a laser radar is installed above the roof, and the tail is designed with a slip-back, which is matched with a "pie"-style large-size wheel hub.

According to the information released before, Zunjie, a brand that Huawei cooperates with Jianghuai, will enter the car and MPV market of one million yuan class, and related models will be produced through JAC X6 platform, with an estimated annual production capacity of 35,000 vehicles. Yu Chengdong, chairman of Huawei Terminal BG, said recently that he would strive to be the first in the million-level market.

The first model of Zunjie is expected to be launched in the first quarter of next year. At present, Jianghuai is accelerating related projects, including recruiting quality system experts and product line quality experts, and preparing to compete with ultra-luxury brands such as Maibakh and Rolls-Royce.

▍Li Bin: Artificial intelligence will become the core basic capability of intelligent electric vehicle enterprises.

Li Bin, founder of Weilai, said at the Global Smart Car Industry Conference (GIV2024) that artificial intelligence will become a core basic capability of smart electric vehicle enterprises.

He bluntly said that NOMI was a little stupid in the first two years. "It’s not because it’s stupid, it’s not growing fast enough, which reflects that artificial intelligence technology has reached a bottleneck. Without GPT and big model, it’s actually a bit difficult for NOMI to become smarter."

With the development of the big language model in the past two years, Wei Lai reconstructed the underlying framework of NOMI by using the GPT big language model. "The AI big model has upgraded our entire cockpit experience to a very high level. Now NOMI’s satisfaction score is 4 points, knowing astronomy and geography, and talking about anything is no problem."

He said that the best application scenario, the best product and the best application industry of artificial intelligence are the smart electric vehicle industry. Conversely, a successful smart electric vehicle company must have the research and development capabilities and operational capabilities of AI, and a successful smart electric vehicle company must also be a successful AI company.

▍Power supply or affected by sudden fire in Z base

On September 29th, the Emergency Management Bureau of Ningde City, Fujian Province reported that a fire broke out at Z base in Contemporary Amperex Technology Co., Limited. As of 3 pm that day, there were still open flames and smoke at the scene. There are no casualties at present. The fire broke out in the high-temperature static room of the base, so it was difficult to put out the fire. Contemporary Amperex Technology Co., Limited is the first power battery loading enterprise in China, accounting for 44.46% of the market. This fire may cause some car companies to delay the delivery of new cars.

▍Zhiji LS6 SUV’s 48-hour order exceeded 10,000, and the new chassis technology was upgraded.

According to the official news of Zhiji Automobile on September 29th, more than 11,000 large and medium-sized SUVs of the new Zhiji LS6 were placed on the market within 48 hours. The new car was launched on September 26th, offering five models with a price range of 239,900-302,900 yuan. The new Zhiji LS6 has been upgraded in appearance, intelligent driving, etc., and replaced with a digital chassis of Linglizard, which supports OTA, including air suspension, electronically controlled damping system and high-performance braking system.

▍Geely New Energy Automobile Headquarters settled in Beilun, Ningbo, with an investment of 440 million.

On September 29th, the first electric news, a major project promotion meeting was held in Beilun District, Ningbo, and the project of Geely New Energy Automobile Headquarters was officially started. The project is located in the core area of Beilun District, Yongjiang Science and Technology Zone, with a total investment of 440 million yuan and a construction area of about 46,000 square meters. It is scheduled to be completed in March 2028. After the project is completed, it will become the project management headquarters of Geely New Energy Automobile, covering R&D, procurement, sales, after-sales service and other functions.

In recent years, the layout of Geely Automobile Group in Ningbo has been continuously strengthened, including the headquarters of Geely Automobile Group, the headquarters of Link Automobile, the global headquarters of smart brand and the global headquarters of Krypton. From January to August this year, the output of Geely automobile in Beilun reached 79,000 vehicles, up 19.7% year-on-year, among which the output of new energy vehicles was 44,800 vehicles, up 5.7 times year-on-year.

▍BMW continues to deepen the China market and increase investment in power batteries, intelligent networking and material recycling.

On September 29th, BMW China news, Gao Xiang, president and CEO of BMW Group Greater China, said that BMW is optimistic about the development prospect of China’s new energy vehicle market, and has signed a demand contract for battery production with more than 10 billion euros with Contemporary Amperex Technology Co., Limited and Yiwei Lithium Energy, and plans to establish two battery factories in China and Europe, each with an annual production capacity of 20GWh. At the same time, BMW Chengmai has become the largest intelligent networked automotive software research and development center in Asia, providing technical support in software development, map navigation and other fields.

BMW Group is committed to achieving climate neutrality and promoting the large-scale use of recycled materials, and has built a closed-loop system in China to recycle raw materials such as nickel, lithium and cobalt in power batteries. BMW’s power battery life cycle management system includes digital monitoring, closed-loop recovery and battery reuse. BMW has set up battery recycling service outlets in more than two-thirds of dealers nationwide, and plans to achieve full coverage by the end of this year.

▍In August, car sales were sluggish, and both traditional and new power models were frustrated.

According to the news of the Automobile Commune on September 29th, among the cars with the lowest sales volume in August, there are both traditional fuel vehicles and pure electric vehicles made by new forces. Some models that have sold more than 10,000 yuan, such as Xiangyu, Lingpai, Mai Rui Bao, and some models of luxury brands such as Mercedes-Benz and Cadillac, also appeared on the list of poor sales. This may be due to the choice of the market and consumers, but also reflects the lack of product strength.

▍Geely Star is willing to carry unbounded space and lead the new experience of smart cars.

On September 29th, Geely Automobile reported that the company announced the launch of an innovative intelligent Che Yun entertainment platform-Boundless Space. Through cross-border cooperation and core technology, the platform has broken through the limitations of the traditional car-engine system and realized the infinite expansion of the interior ecology. Geely Star is willing to be the first mass-produced vehicle equipped with this platform, and it is expected to be launched in early October, with a pre-sale price range of 7.88-107,800.

Highlights of the unbounded space platform include cooperation with Tencent Appbao, where users can download high-frequency applications in the market with one click, and it is expected that it will adapt to 300+ mainstream applications by 2025. The platform also supports a variety of application installation paths, and users can choose to pre-install Geely self-developed and third-party cooperative applications in the cloud without occupying local storage and computing power. In addition, users can upload private APK through the WeChat applet "cloud hosting Butler" for direct installation.

▌international

▍Hyundai Motor Group’s first dedicated electric vehicle factory was completed.

First Electric reported on September 29 that Hyundai and Kia brands under Hyundai Motor Group have made remarkable achievements in the field of electric vehicles, but only recently did the first factory dedicated to the production of electric vehicles be built. Kia held the completion ceremony of its first dedicated production plant for electric vehicles last Friday, which is called KIA Guangming EVO Factory, located in Guangming City, south of Seoul, with a total investment of about 300 million US dollars and an area of nearly 60,000 square meters. The new factory will be used to produce Kia’s new EV3 and the upcoming EV4, with an annual output of 150,000 electric vehicles. EV3 has started production in the first half of this year, and EV4 is planned to be launched in the first half of next year.

Hyundai and Kia brand electric vehicles are not only sold in the Korean market, but also exported to the United States and other markets. The completion of the new factory marks the further expansion and specialization of Hyundai Motor Group in the field of electric vehicle production, which is helpful to enhance its competitiveness in the global electric vehicle market.

▍Chery Automobile Delays Production Plan in Europe

Bloomberg News on September 28th, Chery Automobile postponed its plan to launch electric vehicles in Europe due to the temporary import tariff imposed by the European Union on Chinese-made electric vehicles, and now plans to launch its flagship Omoda 5 electric vehicle in Spain in October 2025. The move caused dissatisfaction among Spanish SIGEN-USOC trade union workers, who had expected to get more than 600 full-time jobs in Barcelona from October 1st this year.

Chery Automobile and Ebro plan to produce 150,000 cars in Spain by 2029, and re-employ 1,250 workers who were laid off four years ago due to the closure of Nissan factory.

The EU imposed a temporary tariff of up to 38% on electric vehicles imported from China, which came into effect in July this year. China and the European Union are negotiating an alternative solution to tariffs. EU member states are expected to vote on the draft legislation on tariffs on electric vehicles in China in early October. EU tariffs have aggravated Sino-EU trade tensions and forced European and China automakers to re-examine their plans to sell more electric vehicles in Europe.

Although China automakers such as Chery Automobile and BYD are opening factories in Europe to avoid tariffs, EU officials have warned that these factories must create some value locally. During his visit to China this month, Spanish Prime Minister Pedro Sanchez announced his opposition to the EU’s new tariffs on China, which runs counter to the EU’s position. EU policy makers are trying to promote the transition to cleaner cars without damaging the EU’s vital automobile industry.

▍Zero-run cars listed in 13 countries in Europe, and joined hands with Stellantis Group for global expansion.

On September 29, Easy Car News, C10 and T03 models of zero-run cars were officially listed in 13 European countries, and the vehicles have arrived at overseas stores to start selling. These two models will be displayed and sold together with many well-known brands under Stellantis Group, such as Jeep, Alfa Romeo, Fiat, Peugeot and Citroen.

Using Stellantis Group’s global distribution network, Zero Car plans to complete the layout of 350 global sales outlets in the fourth quarter of 2024, including 200 in the European market, and it is expected to expand the European sales network to 500 by 2026.

Zero Run International has selected about 140 logistics centers of Stellantis Group in Europe as distribution centers for zero run auto parts. Since the establishment of Zero Run International on May 14th, Zero Run Auto has cooperated closely with Stellantis Group, and successfully completed a series of work including EU certification and adjustment of driving experience for European users, and the first batch of thousands of cars have arrived in Europe. This shows the quick response ability of zero-run cars, and also reflects the competitiveness of China car companies in the international market. The pricing strategy of zero-run cars in Europe has not yet been announced.

▍A new milestone in Norway’s electric vehicle market: Tesla Model Y sells more than Nissan Leaf.

On September 29th, the sales of Tesla Model Y in Norway surpassed Nissan Leaf and became the best-selling electric car in the country’s history. Norway is the country with the highest degree of electrification of automobiles in the world, and the number of electric vehicles has surpassed that of gasoline vehicles. Nissan Leaf was launched in 2011, while Tesla Model Y was released in 2019. In the past two years, Model Y has been the best-selling model in Norway, with sales reaching 2,107 vehicles in August this year. As of September, Model Y has sold 59,775 vehicles in Norway, exceeding Nissan Leaf’s 58,860 vehicles. Tesla also plans to introduce the seven-seat Model Y into the European market, which is expected to further promote sales growth. In Norway, the sales of Model 3 and Model Y far exceed that of Model S.

After the development in recent years, new energy vehicles have become the dominant force in the market, bringing vitality to the whole market that has not been seen for many years. Small and medium-sized MPV, hard-core off-road vehicles, pickup trucks and other original niche models have also become popular.

The dark blue car, which developed well in 2023, is also preparing to join the off-road vehicle war. Recently, some media have exposed some information about the Deep Blue G318. This is the first time that the Deep Blue brand has tried this model, so can it gain a firm foothold?

Deep blue G318, where is it like an off-road vehicle?

Judging from the information released so far, the Deep Blue G318 adopts a load-bearing body, which may prove that it is not the traditional off-road vehicle. However, in recent years, many off-road vehicles have also adopted load-bearing bodies, which is not a big problem. Judging from other information exposed by Deep Blue G318, this car should be heading for a hard-core off-road vehicle.

First of all, the dark blue G318 adopts a classic square box shape, and the front line is simple, atmospheric and full of wildness. In addition, the new car also uses thick front and rear bumpers. This style is obviously different from the Deep Blue SL03 and Deep Blue S7 currently on sale by Deep Blue Auto.

The closed front face, simple and atmospheric headlights, and the roof spotlights in the official pictures can all prove that it is a hard-core off-road vehicle.

It can be proved that the dark blue G318 is a hard-core off-road vehicle, as well as its side-lift tailgate and external spare tire, which are also the classic design elements of off-road vehicles. From the exposed pictures, we can also see the design of trailer hook, which is also prepared for outdoor rescue and extrication.

At the same time, the dark blue G318 will also have the function of in-situ U-turn, but from the information that has been exposed, it can’t reach the level of looking up at U8. The in-situ U-turn of the dark blue G318 only refers to a smaller turning radius, and the principle is that the rear wheels are intermittently locked. From an objective point of view, this function is quite practical in some outdoor environments.

The four-wheel drive system common on hard-core off-road vehicles is not absent from this car, and it also has the qualification of towing. This design is also very common in the hard-core off-road vehicle circle. It can be said that the original design intention of Deep Blue G318 is to make it a hard-core off-road vehicle.

The new car is positioned in a medium-sized SUV, but its wheelbase is only 2880mm, so it is called a medium-sized SUV or more appropriate. At the same time, the deep blue G318 also adopted the traditional five-seat layout, without any innovation. In addition to these basic performances, Deep Blue G318 will also provide users with a variety of original factory extensions such as roof rack, roof spotlights, electric pedals and spare tires.

Is it also extended-range electric?

So far, the new energy off-road vehicles with better performance are basically hybrid models, and tank 500, tank 400, looking up at U8 and Equation Leopard 5 are all good examples.

In fact, it is not difficult to understand that the environment of off-road vehicles is harsh, and many times they are driving in the outdoor environment. Consumers are very sensitive to the situation of "no electricity". The current pure electric vehicles can never solve the problem of battery life, so the deep blue G318 adopts an extended-range electric system.

The new car is equipped with a 1.5T turbocharged engine as a range extender with a maximum power of 110kW. This power is not strong, but it can meet the demand if it is only used for power generation. In addition, the new car is divided into two versions: single motor and dual motor. The former has a total power of 185kW and the latter has a total power of 316kW. All models are equipped with lithium iron phosphate batteries.

According to the application information of the network transmission, the new car is expected to provide two kinds of batteries of 18.99 degrees and 35.07 degrees. The pure electric cruising range of the entry model is 77 kilometers, and the pure electric cruising range of the other models is between 138 and 146 kilometers earlier. Such cruising range can be used as a pure electric vehicle in some working conditions.

Deep blue brand is good at extended-range electric, and the extended-range electric system can also avoid all kinds of shortcomings of pure electric vehicles. Such a power system can dispel users’ doubts about this car and get their approval faster.

How much is the right price?

After the product performance is determined, the rest is the price issue. According to the online news, the price of Deep Blue G318 may be around 300,000 yuan, but judging from the situation of Deep Blue SL03 and Deep Blue S7, the price of the main models of Deep Blue should be around 200,000 yuan, even if we want to open up the off-road vehicle market, the price will not be so high.

What’s more, on top of the deep blue brand, Changan Automobile has a higher positioning of the Aouita brand. If it really wants to pay more than 300,000 yuan for off-road vehicles, it should also be given to Aouita. At present, the Deep Blue G318 has not shown enough core technology to deal with the tank 500 or the equation Leopard 5, so this car may take the cost-effective route.

After the development of Great Wall, BYD and other manufacturers, new energy off-road vehicles have been recognized by more and more users. Deep blue G318 doesn’t need to compete with those high-end models. It just needs to use the identity of new energy to bring users lower car cost and better car experience than traditional fuel vehicles, and it has already achieved its goal.

Who will buy this car?

From an objective point of view, with the technical accumulation of the deep blue brand, it is unlikely that it will come up with a hard-core off-road vehicle with strong performance in the short term, but it should be noted that consumers pay attention to practicality rather than how advanced the technology is, so the prospect of the deep blue G318 is still good.

The approach angle of the dark blue G318 reaches 27 degrees, and the departure angle reaches 31 degrees, which exceeds the general SUV model, which will bring stronger passability; Its extended-range electric system can significantly reduce the cost of car use; In addition, the new car may also provide external discharge function and stronger entertainment function, and the driver assistance system can reach L2 level at least.

Only these can attract users who like camping and light cross-country around the city. With the rise of camping economy, this user group is gradually expanding. Therefore, if the dark blue G318 can give a more reasonable price, there is still great hope to occupy a place in the off-road vehicle market.

Summary: At present, all market segments are rapidly transforming into new energy sources, and the off-road vehicle market is no exception. Deep blue G318 may be difficult to compete with Wangwang, Equation Leopard and Tank, but if consumers only use cars around the city, then deep blue G318 can still meet the needs. After the new car goes on the market, it will play a good role in promoting the sales of deep blue cars.

　　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 February 28th, Chery New Energy iCAR 03 was officially launched on the market. Six new models were launched, with the price range of 109.8-169.8 million yuan, including three two-wheel drive models and three four-wheel drive models. It is understood that iCAR 03 is the first model of iCAR Automobile, positioning a hard-core pure electric SUV, making its debut at the 2023 Shanghai Auto Show, based on the i-MS multi-element Rubik’s Cube new energy architecture.

In terms of appearance, iCAR 03 is built in a fairly hard-core design language, and there is almost no rounded line design on it. The front face adopts a closed grille shape, and the "iCAR" brand logo is also designed in the center of the front of the car. The headlights with inverted "L" shapes on both sides are also integrated with the front of the car, and the internal light source layout is also very chic. After lighting, it has a high degree of recognition. In addition, the new car is equipped with a large front enclosure, and the overall gas field looks more domineering.

On the side of the car body, iCAR 03 adopts a straight waistline design, and the black wheel eyebrows and side skirts below with off-road tires further emphasize the off-road positioning of the car. In the rear part, the overall style of iCAR 03 is consistent with the front face, and the taillights are vertically distributed on both sides, and an I-shaped light source is integrated inside, which can form a good echo effect with its brand Logo. In addition, the rear enclosure of the new car is also quite wide, which can form a good echo effect with the front enclosure design, and it is also equipped with an external "small schoolbag" with a storage box inside. In terms of size, the length, width and height of the new car are 4406/1910/1715mm, respectively, and the wheelbase is 2715mm, positioning a compact pure electric SUV.

Entering the car, the new car also adopts a very hard-core design style. With the blessing of various colors and materials, the interior of the car shows an overall atmosphere different from that of ordinary family cars. ICAR 03 adopts symmetrical layout, a large central control screen occupies position C, and the through design under the center console expands the internal storage space, which is convenient for storing and taking daily necessities. In the lower sub-instrument panel area, iCAR 03 also designs a knob similar to crystal material, which we guess can control the related functions of the vehicle. ICAR 03 adopts a three-position steering wheel, which simplifies the button design and cooperates with the wheel for functional operation.

In terms of configuration, iCAR 03 will be equipped with 6-way electric adjustable seat, dual-zone automatic air conditioner, air outlet of rear air conditioner, roof rack and other configurations as standard, and the middle and high-end models will also be equipped with higher-level configurations such as 8155 chip, NFC key, wireless fast charging of 50W mobile phone, four-tone voice interaction, steering wheel heating, front seat heating, main seat ventilation/massage, Infinity 12 speaker sound and electric tailgate.

In terms of power, the new car is available in single/dual-motor versions, in which the maximum power of the single-motor version is 135 kW (184 HP) and the maximum power of the dual-motor four-wheel drive version is 205 kW (279 HP). In addition, the new car will be equipped with iWD intelligent electric four-wheel drive and adopt H-arm multi-link and hydraulic bushing chassis structure, which can provide a variety of driving modes to meet various car scenes.

Generally speaking, iCAR 03 has certain competitive advantages. Its hard-core off-road design style is more sought after by young consumers, and it is also competitive as a pure electric SUV with a price of 140,000-190,000 yuan. However, the disadvantages of iCAR 03 are also obvious. Its 8155 chip is not standard in all systems, and the performance of the two-wheel drive version is not outstanding enough. The longest battery life of 501km is not as good as that of other electric vehicles on the market, which may be more focused on performance.

At present, Chery’s Chery, Xingtu and Jietu brands have all completed the layout of new energy, and the iCAR brand represented by young and cool has also started the model building of new market segments. It is understood that iCAR was released on the eve of the 2023 Shanghai Auto Show. It is the first new energy automobile brand under Chery Automobile. iCAR GT (concept car) and iCAR 03 were released at the auto show. It is understood that iCAR is mainly oriented to the price range of 150,000 yuan, first from A0 to the mainstream market layout of A-class cars, and then B-class cars will be launched.

According to the retail data, the cumulative sales volume of Chery New Energy in 2023 was 107,909 vehicles, of which the highest-selling model was Chery QQ ice cream with 67,787 vehicles, followed by Chery Ant with 26,750 vehicles. As a new layout of Chery Automobile in the field of new energy vehicles, it remains to be seen whether iCAR 03 can become the next explosion.

Domestic cars have always been concerned, and today is one of them. Come and see it quickly.

Let’s take a look at the appearance of Changan Auchan X5 PLUS. The front of Changan Auchan X5 PLUS gives people a very spiritual feeling and looks more elegant. The headlights are very in line with the aesthetics of consumers, and the shape is quite deep. The car is equipped with LED daytime running lights, automatic opening and closing, delayed closing and so on. Coming to the side of the car body, the size of the car body is 4540MM*1860MM*1610MM. The car adopts domineering lines, and the side wall gives people a very fashionable and sporty feeling. With large-sized thick-walled tires, the shape is quite dignified. In the rear part, the rear looks tough, and the taillights look very avant-garde and neat.

Sitting in the car, the interior of Changan Auchan X5 PLUS looks very clean and has high overall recognition. The steering wheel of the car is well designed, equipped with the functions of manual up and down+front and rear adjustment of the steering wheel, which looks a little more concise and fashionable. Take a look at the central control, with a 12.3-inch touch-sensitive LCD central control screen, which makes the interior style impressive and conforms to the mainstream aesthetics. The dashboard and seats are also eye-catching, the dashboard design is remarkable, and the sports atmosphere is in place. The car adopts leather-like seats, which are equipped with functions such as memory electric adjustment, seat proportion tilting and so on, and the overall comfort is good.

Changan Auchan X5 PLUS is matched with a wet dual clutch (DCT) gearbox, with a maximum power of 138KW and a maximum torque of 300N.m, which shows good power performance.

Equipped with car networking, driving mode selection, remote control key, Bluetooth key, rear wiper, engine start and stop, etc., it has rich functions and greatly improves its convenience.

The model class introduced today is the most considered class when many people buy their first car, mainly because the size of this class is moderate and the price is reasonable. As long as you like it, go ahead and buy it.

Economic observation of original half-moon sports

Author: half moon

Words in this article: 3366 words

Suggested reading time: 11 minutes

After the long-lost offseason, the starting signal of F1 finally lights up again.

On February 29th, Beijing time, the opening match of the 2024 F1 season started in bahrain international circuit. In the first race of the new season, Red Bull Team still maintained a strong performance. In 2023, driver champion Vestapan and teammate Perez won the championship and runner-up, while the five major teams-Red Bull, Ferrari, McLaren, Mei Ben and Aston Martin-won the top ten.

In the competition for the "Earth Group", Guanyu Zhou of Sauber Team won successfully and achieved the 11th place. Bahrain can be called the "blessed land" for China drivers. In the mid-2022 season, Guanyu Zhou’s F1 "debut" was staged in Bahrain, and the first show, the tenth successful score, surprised the paddock.

For Sauber, Guanyu Zhou’s stable performance in the past three years has lived up to their vision of material selection. However, as a "small team", Sauber needs to tap the potential of the car and introduce more resources to support it if he wants to make further progress in F1.

Sauber will wait for another two years, and in the 2026 season, Audi will start to enter the market.

The second plum blossom? Audi wants to acquire 100% equity of Sauber Team.

Before talking about Audi’s entry into F1, let’s review several key nodes.

First, at the end of August 2022, Audi officially announced that it would enter F1 in 2026. Marcus duesman, then chairman of Audi’s board of directors, said that it is an excellent opportunity for Audi to enter F1 by adopting the new competition rules of power unit in 2026.

Second, on October 26th, 2022, Audi officially announced that it would choose Sauber as its strategic partner to enter F1. Sauber will compete as an Audi factory team and use the power unit provided by Audi.

Third, in January 2023, Audi officially announced the acquisition of a minority stake in Sauber. Duesman, the former CEO of Audi, planned to gradually acquire most of Sober’s shares through a three-year plan. However, according to recent reports, Gernoth dorna, who took over from duesman, adjusted his plan to seek 100% control at the end of 2023. It is rumored that Oliver Hofmann, chief technology officer of Audi, will step down as CTO and take over the F1 project.

Audi wants to hold 100% of Sauber, just like the heart of Si Mazhao, which is well known. Audi’s ambition to enter F1 is nothing more than trying to make some achievements in F1. The last time a well-known car brand that was talked about by car fans bought a team and entered F1, it was also the German Trident. At that time, Mei Ben, also known as Durham Group, and its partner Aabar Investment Company acquired 75.1% and 24.9% shares of Brown GP Team in November 2009 and February 2011, respectively, and formally entered the paddock.

With strong R&D and investment, Mei Ben started the Eight Crown Dynasty. Also backed by the powerful Volkswagen Group, there is no reason for fans not to believe that Audi will make a breakthrough in the paddock, and even "re-carve" Mei Ben’s achievements.

The way to enter F1 is not only to acquire the existing fleet, but also to "expand the army". Why not choose the latter? Cost and adaptability may be the two major factors that Audi chooses to acquire.

Compared with the way of "expanding the army", the cost of Audi’s acquisition of Sauber team to enter F1 is obviously lower. Especially considering the overall appreciation of F1 events, letting a new team join means that the profits of 10 teams are less now. The lack of "cake" is obviously not happy for those with vested interests.

According to the 2023 financial report released by Free Media Group a few days ago, the total dividends of 10 F1 teams increased from $1.157 billion in 2022 to $1.215 billion in 2023.

In 2023, Team Andreetti of the United States has publicly stated that it wants to join the ranks of F1. Even though the FIA’s attitude is to expand the F1 market, especially the American market, nothing happened in the end. The prerequisite for Andreetti team to join is to pay a fee of 200 million US dollars, which is equivalent to buying F1 seats to compensate other teams.

The cost of $200 million is not a stumbling block for Audi, but it is the most difficult to win the consent of the other 10 teams. The lobbying cost and time cost involved are the most "expensive" for Audi. Instead of stumbling, it is better to buy a "Earth Group" team directly.

Secondly, the acquisition of Sauber will also enable Audi to retain the main team working structure after entering F1. As the apple of today’s motor racing, the operation of an F1 team involves many aspects, and these staff will play a key role in helping Audi to adapt to the pace of the paddock. Although Audi has a long history in racing, the German brand still needs to learn and adapt in F1.

According to foreign media reports, in the three years from 2023 to 2025, Audi will acquire 75% of Sauber’s shares for 450 million US dollars, while Sauber’s team’s valuation is about 600 million US dollars. This figure is less than 1% for Audi Group, which earned more than 61.8 billion euros (about 67 billion US dollars) in fiscal year 2022.

The new regulations in 2026 are in line with Audi’s strategic goals.

The importance of power unit to F1 racing car, I believe fans must know it very well. In August 2022, the FIA officially announced that in the 2026 season, the brand-new F1 power unit will be officially implemented. This will be the biggest change in the F1 power unit since the application of the V6 engine of the hybrid power system in 2014.

The most obvious change is that the new power unit puts more emphasis on electric energy and sustainable fuel. The power output of the new power unit will be tripled, and the transition from 120kW to 350kW motor-generator will bring more power. After introducing more powerful electric energy, the peak output of the system will exceed 1000 horsepower. The application of sustainable fuels has always been the direction of F1 efforts. F1 aims to fully use 100% sustainable fuel in 2026. These two tasks will make F1 stadium more environmentally friendly.

It is worth mentioning that the key to Audi’s entry into F1 is that the FIA abolished the energy recovery system called MGU-H in the new regulations in 2026. In short, MGU-H can provide power for MGU-K by converting thermal energy in exhaust gas into electrical energy, and the latter’s function is to convert kinetic energy generated during braking into electrical energy.

As a very advanced and complex technology, MGU-H is very expensive to build and is one of the more expensive parts in racing cars. So this is also a power component that many teams and engine suppliers want to abolish. Audi is willing to join the F1 competition because the MGU-H parts are excluded from the new regulations.

Under the new rules of power unit, it means that all teams will return to the same starting line. This is undoubtedly good news for the new Audi. Otherwise, if F1 is added before 2026, the power unit that has been used for two or three years will be equivalent to "invalid" in the 2026 season. From the perspective of time cost and money cost, it is obviously not in line with the actual situation. Then under the new rules, Audi and other teams set off at the same starting line.

In the final analysis, "electrification, environmental protection and sustainability" is still the core of Audi’s entry into F1, which is also where the new regulations in 2026 are in line with the strategic objectives of Audi Group. From the company level, audi ag has been emphasizing electrification and sustainable strategy in recent years. In March 2021, Volkswagen released the "ACCELERATE strategy", one of which was to accelerate the electrification transformation.

As for 100% sustainable fuel, it has always been the development goal of Volkswagen Group. The goal of German automobile brands is to achieve carbon neutrality in 2050.

Thus, from the strategic goal, the new F1 power unit regulations in 2026 are in line with the efforts of Audi and Volkswagen Group. This can partly explain why Audi chose to enter F1 in 2026.

Audi entered F1 for what?

Audi or Volkswagen has long been expected to enter the F1 track.

The reason lies in Audi’s accumulation in motor racing. Fans who are familiar with Audi brand or motorsport must know that Audi’s important DNA is motorsport spirit, and this brand has a history of 100 years. German brands have appeared in world-famous automobile races, and have achieved brilliant results in many races, but they have not appeared in F1 at the top of the pyramid in the form of motorcades.

Audi’s last and most important piece of racing puzzle will finally be put together in 2026. With the addition of Audi, F1 has added more attractions and topics. For Audi, there have been many opportunities to join F1, but why did it not enter until now? The reasons behind it are worth exploring. In my opinion, there are four main reasons.

First, the rising value of F1 events. After the free media group took over, the income and attention of F1 events increased greatly. According to the 2023 financial report of Free Media Group, the total revenue of F1 in 2023 was $3.222 billion, a year-on-year increase of 25%, and the operating profit also increased from $239 million to $392 million, a year-on-year increase of 64%.

The rising revenue of F1 events means that the penetration of motor racing is deepening to some extent. Then Audi, whose brand DNA is motorsport, has no reason not to join in today’s F1 race. With its years of experience and technical accumulation in motor racing, Audi’s journey in F1 may bring surprises to fans.

Secondly, it is the brand strategy of F1 and Audi. As mentioned above, Audi has accelerated the transformation of electrification. Under the application of the new rules, Audi can transfer the technology of hybrid power unit to the commercial models in the future through the practice in F1. It is foreseeable that electric vehicles will become the mainstream of the automobile market in the near future, so the technology and experience acquired by Audi in F1 will enhance Audi’s competitiveness in the wave of electrification.

In addition, it is Audi’s strategy of deepening youth and digitalization, which is also what F1 has been doing in recent years. The documentary "Drive to Survive" co-produced by F1 and Netflix created many highlights and topics for this event on streaming media, and successfully attracted a large number of new fans. A considerable part of these fans are young audiences, and Audi is also a car brand that emphasizes youthfulness. For Audi, this young audience may be one of the potential consumers of Audi’s target. Therefore, Audi’s brand strategy is consistent with the audience of F1 events today, which is also an important factor.

The third point is that both F1 and Audi are eyeing the China and American markets. China is Audi’s largest market in the world, accounting for 38.37% of its sales in 2023. China’s first F1 driver, Guanyu Zhou, played for Sauber, which cooperated with Audi. To some extent, this has promoted the development of motor racing in China. However, it is still unknown whether Guanyu Zhou will continue to play for the team in 2026. But what is certain is that Audi wants to continue to increase its market share in China, and Guanyu Zhou is their best choice.

As for the American market, it is also an important target of Audi’s efforts. In the American market in 2023, Audi sold 228,000 new cars, a year-on-year increase of 22%. At the same time, the United States is also a key market for F1. In the F1 race of the 2024 season, the United States occupied three sub-stations. This is enough to show the importance of the American market to F1. In other words, Audi can join hands with F1 to enhance its influence in the American market.

Finally, the key factor is that domenicali, the chairman and CEO of F1, once worked in Audi Group. In the process of Audi’s decision to enter F1, the "lobbying" role played by Italians was not ruled out. Domenicali, who has been at the helm of F1 since January 2021, once said that he would like to see more new manufacturers join F1.

In my opinion, rather than saying that Audi wants to join F1, F1 also wants Audi to join-several world-renowned automobile brands compete for the championship in F1, which will inevitably make the attention of the event by going up one flight of stairs, enhance the attention and correspondingly increase the income of the event. Therefore, the ultimate beneficiaries of Audi’s participation in F1 may be F1 events and the 10 teams in the paddock.

After all, everyone is good, which is really good.

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Original title: "Audi joined F1, who climbed who? | Sports Events

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Strong > When you see the wrench icon on the dashboard of Ruifeng M3, don’t worry, it’s just a signal of the maintenance reminder light. To eliminate this display, you need to follow the following steps:

1. First, make sure the vehicle is turned off, and then find the reset button next to the dashboard.

2. Next, press and hold the reset button and turn on the ignition switch at the same time. Release the button when the clock and mileage display completely disappear.

3. Press the reset button again, turn off the ignition switch at this time, and wait for the wrench prompt light to flash. When the light no longer flashes, it means that the reset is successful and the button can be released.

The purpose of the maintenance indicator light is to remind the driver to maintain the vehicle in time to ensure the performance and safety of the vehicle. If the maintenance light does not return to zero after the vehicle has driven for a certain mileage, it will still light up even after maintenance.

For Ruifeng M3, the first maintenance of a new car should be carried out within 6 months or 6,000 kilometers (whichever comes first). This service is free, including changing the oil and oil filter, and conducting a comprehensive inspection of the vehicle. After that, it is recommended that you carry out routine maintenance every 6000 kilometers or 3 months.

There are two power combinations: 2.0L self-priming and 2.5L hybrid. The driving experience and power performance of 2.5 hybrid are better, but the price is much higher. Therefore, many people pay attention to the Willanda 2.0L model. After all, the price of the 2.0L model is lower. Onion test-drove the version of Willanda 2.0L some time ago. Generally speaking, the power of 2.0L is not good, but for most people, there is no need to worry at all, and it is still brisk and heel-following when driving everyday, but its power is also insufficient.

Today, the "2023 Toyota Velanda 2.0L Two-wheel Drive Luxury PLUS Edition" model reviewed by Onion is a two-wheel drive sub-top model of Velanda, with a discount of 14,000 yuan at the terminal and a bare car price of 187,800 yuan. Deluxe PLUS is a newly added enhanced version this year. The Deluxe PLUS version has been upgraded with 12.3-inch LCD instrument, segmented panoramic sunroof, co-pilot power seat and other configurations.

[Satisfied]

Willanda and the shared platform are built, while Willanda’s body length is longer, and Willanda’s appearance looks milder. In fact, this car of Willanda is also available in Southeast Asia and some European countries, just hanging Suzuki LOGO, which proves that the design of this car is very good. After the experiencer (height 175 cm) adjusts his sitting posture, there is still more than two punches between his legs and the back of the front seat, so adults with normal body will not feel crowded; Secondly, the ride comfort is better. The rear seat cushions of the two cars are long enough and thick enough to have a certain sense of sinking. At the same time, the backrest supports multi-angle adjustment, with handrails and cup holders; In addition, it is equipped with a rear air conditioning air outlet and dual USB charging ports; Finally, the backrest of the seat supports equal proportion falling down, which can maximize the space of the trunk and has good flexibility.

[dissatisfied]

Compared with the hard-core and wild appearance, seeing the inside of Willanda’s car will make people have the illusion of going back to the past. The overall layout is regular, the functional area design is also very clear, and it is also equipped with a floating central control screen. This central control screen looks awkward, like an old LCD TV, not only thick, but also quite large. The materials used in the car can only be said to be average, and a large area of hard plastic can be seen everywhere, and the sense of grade is naturally worse; Fortunately, there are leather materials with stitching technology, chrome trim and piano paint to neutralize this roughness. Finally, there is a bulge in the center of the floor, which is not very high, but it will also have a certain impact on the passengers in the middle of the back row; Moreover, the seat in the middle position is hard, and long-term riding will inevitably induce fatigue.

[Driving experience]

The Wilanda 2.0L model has a maximum horsepower of 171 horsepower and a maximum torque of 206 Nm. The parameters are very general, but the driving performance is much better than expected. First of all, it is very light at the start, and the whole power output is also linear and heel-following. When driving in the city, there will be no feeling of insufficient power at all.

At high speed, when the speed exceeds 80km/h and then accelerates, the dynamic performance is more general. At this time, if you step on the accelerator deeply, the noise of the engine will be much more obvious than the acceleration feeling. However, as long as you don’t overtake continuously, this kind of motivation is enough.

[Chassis performance]

In the past, the suspension adjustment of Japanese cars was basically based on comfort, and it was more or less accompanied by some looseness. Willanda, on the other hand, is completely different. The chassis as a whole is tougher, with good integrity and support, and there is no loose feeling at all.

In shock filtering, after the texture of the surface layer of the road surface is smooth, the remaining bumps will be transmitted to the car with a relatively crisp feeling. However, in the event of a big bump, Willanda’s performance is relatively average. The rear stroke of the shock absorber can be said to be very hard, and the texture of the chassis seems to have returned to the level of Japanese cars.

[Fuel consumption]At present, the comprehensive fuel consumption of this car is about 9 liters per 100 kilometers, which is not much different from that of the fuel SUV of the same level. Most of the application scenarios of this car are in cities, and there is no way to reduce fuel consumption.

[Summary]

Willanda has an appearance suitable for all ages, with a well-regulated space and more than enough for home use; The seat is more comfortable, and the chassis texture is much better than that of previous Toyota cars. However, its interior materials are very general, the engine noise is too high, and the car system can achieve basic functions, but its display effect and fluency need to be improved. Generally speaking, Willanda can do it without pursuing a sense of science and technology, and pursuing comfort at home and easy driving of vehicles.

　　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)

In the past few years, the production pattern of renewable diesel in the United States has undergone tremendous changes, similar to the growth of ethanol and biodiesel in the past two decades. Driven by federal and state emission reduction policies, the substantial increase of renewable diesel production and capacity in the United States is causing a major market-changing change in domestic and foreign raw material trade. Like biodiesel, renewable diesel is produced from the same renewable raw materials, such as vegetable oil, animal fat or waste cooking oil (UCO). The difference is that renewable diesel oil is produced by hydrogen treatment, which makes its chemical properties the same as petroleum diesel oil, so it can be mixed at a higher level and transported by existing pipelines. Therefore, the United States is rapidly expanding the import of animal fat and vegetable oil, which are not only used as raw materials for renewable diesel production, but also supplement other raw materials that have been transferred to renewable diesel production, such as soybean oil. At home, the US soybean crushing capacity has expanded to produce more soybean oil, because of the high price of soybean oil and strong crushing profit margin. Despite the increase in domestic demand, the export volume of American soybeans declined due to the increase in Brazil’s supply and the slowdown in global import demand. In addition, the premium of soybean oil in the United States soared far higher than the global vegetable oil price, which led to a sharp drop in US exports, and the United States became a net importer of soybean oil for the first time in 2023. The increase in soybean crushing has a negative impact on soybean meal exports, because the abundant supply of soybean meal, coupled with the drought in Argentina, the world’s largest soybean meal exporter, has promoted exports and is expected to continue to grow.Although many uncertainties may affect the market of biofuels, animal fats and oilseeds in the United States, the output of renewable diesel oil is expected to continue to grow and change the raw material market. However, the output growth rate will be highly dependent on federal and state policies, raw material supply and the continuous growth of soybean meal exports in the United States.