Evergrande was officially ordered to be liquidated, how big was the impact?

Today, China Hengda (03333.HK), Hengda Automobile (00708.HK), Hengda Property (06666.HK) suspended trading. As of the time of suspension, the three companies fell by 20.87%, 18.21% and 2.50% respectively.

On the news, the liquidation case of China Evergrande was re-heard in the Hong Kong High Court. The judge said that China Evergrande’s workout plan lacked progress, and the company was insolvent. It officially ordered Evergrande to be wound up, and held a hearing this afternoon to deal with the regulatory order and issue written reasons.

According to the Securities Times, a liquidation petition is a common means of debt collection under the Hong Kong legal system. The court issues a liquidation order, which declares that the company has entered bankruptcy and liquidation procedures. This means that the Hong Kong capital markets have ushered in the largest bankruptcy and liquidation of a real estate company. China Evergrande, which has debts of 2.40 trillion yuan, has been subject to creditors’ application for liquidation. In order to delay the liquidation, it has repeatedly expressed the preparation of a new workout plan. However, due to the slow progress of the workout plan, it was eventually ordered to be wound up by the court.

In fact, there are already signs that China Evergrande is about to receive a winding-up order. According to the official website of the Hong Kong Judiciary, Judge Chan Jing-fen is scheduled to hold a hearing on a potential regulatory order on the afternoon of January 29. Once such a regulatory order takes effect, it means that the court will oversee the winding-up process, which may involve the appointment of a liquidator.

The winding-up hearing has been postponed several times before

I was still trying to liquidate my debt last week

For Evergrande, the way to avoid a winding-up petition is to complete the workout. In order to win the approval of the restructuring plan, China Evergrande’s winding-up hearing has been delayed for a long time, with a total of seven delays.

The Hong Kong High Court had previously decided to postpone December 4, 2023 as the last time for China Evergrande’s liquidation hearing. However, at that time, China Evergrande was granted another extension time after the applicant suddenly said that it would not ask the court to issue a liquidation order and did not object to China Evergrande’s application for adjournment.

The winding-up order, which may be tied to the entry of new applicants, has been reported to include a winding-up petition at the hearing by a special panel of major overseas bondholders, a provisional group of creditors holding more than $2 billion in offshore notes secured by Evergrande and its backers. Industry lawyers say the move increases the chances of an immediate winding-up order.

Evergrande had been pushing for a restructuring plan to avoid liquidation. However, at the end of September and the beginning of October 2023, with Evergrande Real Estate and Xu Jiayin being investigated successively, China Evergrande could not meet the eligibility for the issuance of new bills, resulting in the failure to implement the restructuring plan that all parties had been working hard to promote. Since then, Evergrande has not disclosed a new workout plan.

China Evergrande tried to come up with a last-minute workout to avert a possible imminent liquidation before a liquidation hearing at the end of December. The plan is understood to include converting some of the debt held by foreign creditors into equity in the company and two Hong Kong-listed subsidiaries, and repaying the remainder with non-tradable "certificates" backed by foreign assets. However, creditors are widely seen as unlikely to accept Evergrande’s new plan, given the low likelihood of debt recovery and growing concerns about Evergrande’s future.

Just a few days ago, on January 25, the company also announced the sale of the interests of a project company. According to the announcement, Hengda Real Estate Group Guangdong East Co., Ltd. (the transferor), a subsidiary of China Evergrande, signed an agreement with (among others) the transferee, Shantou Hengyao Real Estate Development Co., Ltd., the transferor will transfer its 65% interest in the project company (Shantou Hengming Real Estate Development Co., Ltd.) to the transferee for a total consideration of 137.60 million yuan. As part of the transaction, the project company will forgive part of the debt of the transferor and its contacts to it, amounting to 376 million yuan. In the announcement, Hengda stated that the sale will revitalize the group’s projects, promote the resumption of work and production of the surviving projects, and protect the legitimate rights and interests of project investors, creditors, and homebuyers.

China Hengda recently disclosed that as of the end of November 2023, Hengda Real Estate involved a total of about 316.391 billion yuan of unliquidated maturing debts; at the end of October this figure was 301.363 billion yuan. In addition, as of the end of November 2023, Hengda Real Estate overdue business tickets accumulated about 2055.37 billion yuan.

In terms of litigation, as of the end of November 2023, Hengda Real Estate had a total of 2053 pending proceedings with a target amount of more than 30 million yuan, and the total amount of the target amount was about 490.069 billion yuan; at the end of October, these two figures were 2002 and 470.755 billion yuan respectively. During November 2023, Hengda Real Estate added 101 pieces of information to be executed compared with the end of October, and the total amount of new executions was about 13.048 billion yuan.

Evergrande real estate 2022 annual report shows that the company’s total liabilities 1.833819 trillion yuan, total assets 1.468557 trillion yuan, has been insolvent.

Hengda Sean: I have done my best, I am very sorry

According to the 21st Century Business Herald, in response, China Evergrande Executive Director, CEO, and Evergrande Group Executive President Sean responded that the Group and China Evergrande have made every effort to defend the petition for overseas liquidation. Previously, the Group supported and urged China Evergrande and its advisory team to continue to conduct comprehensive and in-depth exchanges with various creditors, adhere to the principles of marketization, rule of law, and internationalization to treat domestic and foreign creditors fairly, actively promote overseas workouts, and maximize and fairly protect the maximum interests of domestic and foreign creditors based on the actual situation of the company.

Sean said that although we have been working towards repairing and improving asset value and business vitality, objectively, the group’s operation is facing huge difficulties, resources are extremely limited, and the preliminary voting of creditors has not met expectations. Hengda Real Estate has been investigated by the China Securities Supervision Commission, and the group’s actual controllers have been taken compulsory measures according to law for suspected illegal crimes. The company also believes that it cannot meet the relevant legal conditions for key aspects of overseas workout. These circumstances make various uncertainties continue to intensify, so that the workout plan is ultimately difficult to implement. Today’s court ruling is contrary to our original intention. We can only express our best efforts and regret for this.

Next, the Group will face difficulties and problems, take all legal compliance measures, and steadily promote the normal operation of the Group’s business on the premise of protecting the legitimate rights and interests of domestic and foreign creditors.

Sean stressed that the subject of the overseas liquidation order issued by the court this time is China Evergrande, which is listed in Hong Kong. At present, the management and operation system of Evergrande Group and other domestic and foreign subsidiaries as independent legal entities remains unchanged. The group will still strive to do everything possible to ensure the stability of domestic business and operation, steadily advance key tasks such as guaranteeing the delivery of buildings, and maintain the quality of property services. It will still make every effort to ensure the smooth progress of risk resolution and asset disposal. It will still try its best to advance all work fairly in accordance with the law. 

Liquidation or impact on foreign assets

Expert: Guaranteed building has legal protection

According to the HKFC, under the relevant laws of Hong Kong, the court may issue a winding-up order against a company once it is satisfied that one of the requirements set out in section 177 (1) of the Companies Winding-up Ordinance (including the company’s insolvency) has been met. The court will take into account the wishes of the creditors and the principles of justice and fairness.

During the compulsory winding-up period, all proceedings against the company and actions by creditors are automatically suspended unless the court grants permission for such proceedings to begin or continue. In addition, the powers of the directors will be suspended, while the court-supervised liquidator will be responsible for recovering and realising the company’s assets, investigating the company’s affairs, adjudicating creditors’ claims, and distributing to creditors from the winding-up estate. Once the company is wound up, the liquidator will apply to the court to release the liquidator from liability and dissolve the company.

According to the Daily Economic News, a senior lawyer said that the liquidation of China Evergrande will not directly affect the domestic subsidiaries of Evergrande Group in the short term, such as the most concerned Hengda Real Estate. The bankruptcy liquidation of China Evergrande will not directly lead to the bankruptcy of Hengda Real Estate. At most, the equity of Hengda Real Estate held by China Evergrande may be disposed of during the bankruptcy liquidation process.

In addition, within the territory, home buyers have the statutory "super priority" according to law. On April 20 last year, the Supreme People’s Court issued the "Reply of the Supreme People’s Court on the Protection of Consumer Rights of Commercial Housing" (Fa Shi [2023] No. 1) (referred to as the "Reply"), which makes it clear that if a consumer of commercial housing purchases a house for the purpose of living and has paid the full price, and claims that his claim for the delivery of the house has priority over the right to payment for the price of the construction project, the mortgage and other claims, the people’s court shall support it. At the same time, the Supreme People’s Court also pointed out that in the case that the house cannot be delivered and there is no possibility of actual delivery, if the consumer of commercial housing claims that the right to return the price has priority over the right to payment for the construction project price, the mortgage and other claims, the people’s court shall support it.

According to the 21st Century Business Herald, a legal expert familiar with the situation said that, in general, as long as the debt risk is resolved in accordance with the law and regulations, the guaranteed building is guaranteed by law, which is the saying that "the sky cannot fall". The court’s ruling means that although China Evergrande has made every effort to defend the liquidation and promote the workout, it is still being liquidated due to its long-term accumulation of serious defects, and may eventually lead to the dissolution of the overseas company. Although there are still cases in history that the company can try to revoke the liquidation order by restarting the workout procedure under the leadership of the liquidator, the current probability for China Evergrande is only theoretical. 

"A fair, ordinary and objective view of China Evergrande’s liquidation"

 

According to the 21st Century Business Herald, a senior market observer pointed out that there are some wrong views in the current public opinion field, confusing Hengda’s long-term financial fraud and other illegal and illegal or even criminal problems with the accumulation of risks into a common problem of real estate enterprises, and even trying to distort Hengda’s risk into not supporting the rescue of private enterprises. These wrong views have obvious flaws in the arguments and arguments.

The above-mentioned observers believe that the market and public opinion should treat private enterprises and state-owned enterprises equally, and distinguish between "good children" who abide by the law and "bad children" who violate laws and regulations or even commit crimes on the basis of caring for the development of enterprises and maintaining the space for fault-tolerant innovation. Our country supports and encourages the development of private enterprises, which is to prevent the situation of bad money driving out good money in a timely manner, and to maintain a good business environment, let alone allow the "bad children" to develop brutally and bully the "good children".

In the market observer’s opinion, Evergrande’s problem is a "bad boy" problem, which means that we should view the company’s suspected violations of laws and regulations and the liquidation of Evergrande Group’s overseas entities with fairness, common sense and objectivity.

On the one hand, those who have stepped on the legal red line and challenged the bottom line of legal fairness and justice, whether the company is booming or winding up and going bankrupt, there is no exception, let alone "too big to fail". For China Evergrande, even if some creditors are willing to take risks to promote the successful restructuring, I am afraid that it is not the "gold medal" for the company to escape legal responsibility at home and abroad, and will be held accountable according to law.

On the other hand, the Hong Kong court ordered the liquidation of one of the overseas listed entities. Being liquidated in the relatively mature Hong Kong market is generally one of the inevitable results that Evergrande Group will face for a long time to expand aggressively, accumulate risks, and even violate laws and regulations. It is in line with market practice and is also expected.

In addition, Hengda Group’s main business is located in China. According to the current comprehensive information, the progress of Hengda’s construction projects is generally stable. According to industry sources familiar with the situation, Hengda’s housing delivery volume has approached 80%, and individual projects may be difficult. However, I believe that with the promotion of all parties, the housing delivery problem can eventually be properly resolved.

The market observer said that Hengda’s problem is indeed serious, but the market does not need to be overly anxious. On November 27, 2023, the eight departments of the state jointly issued 25 measures to support the private economy, which strongly reflects that we are constantly increasing our support for the private economy in terms of concept, system and implementation. At the same time, the judicial organs, regulatory authorities and the market are also constantly improving the punishment mechanism for enterprises and individuals who undermine market justice and fairness, violate laws and regulations and even commit crimes, so as to maintain a good environment for the development and growth of the private economy.

2022 "Dare to be the China Star of the Times" with Geely Automobile.

  International Online auto channel News: A country’s prosperity and development can’t be separated from people who work hard for it. Since the reform and opening up, China has gradually realized the rise of a great country and the rejuvenation of the nation. Behind it are generations of enterprising strugglers who have gathered their strength and influenced and changed our times. On New Year’s Day, 2022, China Star, a high-end series of Geely brand CMA, joined forces with The Paper to launch a video short film of time portrait character recording — — "Dare to act, be the China star of the times", spread the voice of the times, and let the public better perceive and convey the spirit of "Dare to act".

[auto channel Information+Highlights List] 2022 "Dare to be the China Star of the Times" with Geely Automobile _fororder_image001

Geely automobile

  "Dare to act" is the epitome of China’s courage to challenge and surpass itself. Under the background of great powers in the new era of dreaming, China needs more spirit of "dare to be a man" and "dare to act" to constantly challenge and break through. On the occasion of New Year’s Day in 2022, the film invited five "dare to be pioneers" in different fields — — Media person Yang Lan, China team male gymnast Xing Aowei, "Top Ten Most Beautiful Paramedics" Yu Yifei, legless warrior Xia Boyu who successfully climbed Mount Everest, and post-80s car boss Gan Jiayue have interpreted the spirit of "daring to act" in many dimensions through their oral statements and deeds, giving every ordinary person the power of the times: daring to act and being the China star of the times. At the same time, this is also the first time that Geely China Star released its "Dare to Do" value proposition during the 11th period of 2021, and once again took "Dare to Do" as the key word of the 2022 New Year, responding to the call of the spirit of the times and playing the strongest voice of the times.

  In the name of "dare to act", the China stars of the times shine.

  Every era has its heroes, and every era has its "China Star" that shines on it. Today’s China has a prosperous culture, flourishing science and technology, and prosperous city. Behind the development of the times, there are countless "China stars" emerging from all walks of life. These people dare to challenge, explore, innovate, take the lead in the world and constantly lead the times.

  The five "dare to be pioneers" in this film, whether athletes, mountaineers, doctors, media people and autobots, have all made contributions in their respective fields and played a leading role in social stability, economic development and a better life with the spirit of "dare to act" such as persistence, responsibility, struggle, exploration, breakthrough and innovation. The film tells the life stories of these five China stars and their understanding of "dare to act", and interprets the "dare to act" spirit of the times with the "dare to act" spirit of the characters.

  At the end of the film, Geely Automobile’s first post-80s CEO— — Gan Jia read a monologue from a representative of the national automobile, telling the enterprising spirit of Geely Automobile and explaining the persistence and innovation of the national automobile industry. Finally, Gan Jiayu, together with other big coffees from all walks of life, deepened the spirit of "daring" of the times, and said in the film, "The most beautiful scenery in China is the 1.4 billion enterprising people in China, and the most powerful force of the Chinese dream is the gathering of thousands of strugglers in Qian Qian".

  Geely Automobile’s "Dare to Do" Road, Fighting for the Value of China Automobile.

  At present, China has become the most important arena in the global automobile industry, hunting at home, with China as the leading force. As the global leader of China automobile, looking back on Geely’s 25-year car-making process, we will find that Geely has been breaking through and constantly innovating, which will eventually become impossible. Now, the dual export of power products and technologies to overseas high-end brands is realized. Geely Automobile has gone from weak to strong, from small mountain villages to the world, relying on the "dare to act" spirit of all Geely people. In mastering the core technology, we will spare no expense to invest heavily. In the decade of 2021, Geely will invest more than 140 billion in R&D, and research and develop whatever is not working. After five years’ development, Raytheon Intelligent Engine Hybrid has completely surpassed Japanese Hybrid in key technologies such as thermal efficiency and fuel saving rate, breaking the long-term monopoly position of Japanese Hybrid, and will realize "China Power Supply to the World" for the first time.

  In addition, Geely is the only car company in China with four world-class modular architectures: CMA, BMA, SPA and Vast. Building a car with this architecture will ensure that Geely’s products always remain the world leader. The "China Star" series, which was born in CMA architecture, assembled all the best technologies of Geely at present, completely surpassed the strong joint venture brand products, and made the popularization of high-end products a reality.

[auto channel Information+Highlights List] 2022 "Dare to be the China Star of the Times" with Geely Automobile _fororder_image005

Geely xingrui

  "China Star" is a high-end series of Geely brand CMA released by Geely Automobile in 2021. At present, it includes China Star flagship SUV Xingyue L, China Star high-performance SUV Xingyue S and China Star flagship sedan Geely Xingrui. With the listing of Xingyue in 2019, it broke the inherent cognition of users’ distrust of the three major pieces of China cars; By 2020, Geely Xingrui will go public, breaking the long-standing China family car standard dominated by foreign brands; In 2021, Xingyue L went public and redefined the new standard of SUV. In the past three years, China Star’s three high-end series products built by CMA framework have formed the strongest flagship lineup in China.

[auto channel Information+Highlights List] 2022 "Dare to be the China Star of the Times" with Geely Automobile _fororder_image007

Xingyue l

  The mission of "China Star" is to bravely challenge the world’s mainstream cars on behalf of the China brand with the spirit of the times, fight for the value of China cars, and make China cars bigger and stronger. "China Star" series broke the habit of traditional independent brands and took "high cost performance" as the strategy, but really competed with other competitors with "high value". Since its release, "China Star" has won praise from the market and consumers by virtue of its product strength and high value far exceeding the joint venture brand. At present, the total sales volume of China Star has exceeded 200,000 vehicles. More than 60% of the users of China Star choose high-end vehicles, 52% of the sales volume of China Star comes from the demand for replacement, and more than 40% of the users have joint venture experience.

[auto channel Information+Highlights List] 2022 "Dare to be the China Star of the Times" with Geely Automobile _fororder_image009

Xingyue s

  Therefore, "dare to act" is not only the pioneering spirit of the pioneers who broke through the shackles and struggled forward, but also the important spiritual core of Geely Automobile’s development from a little-known private car company to a big country brand. In the film, Gan Jiayu said confidently that it is the responsibility and mission of China Autobots to fight for the value of China cars and let China cars travel all over the world. Now it is at the critical point from making cars to creating cars, which is the only way for China to become a powerful country from a big automobile manufacturing country. This road is difficult to walk, but it is precisely because it is difficult to walk that we have to walk, and more people who dare to think and dare to walk together.

[auto channel Information+Highlights List] 2022 "Dare to be the China Star of the Times" with Geely Automobile _fororder_image011

Geely automobile

  Everything in the past is a preface. When the bell rings in 2022, in the face of the changes of the times and the rapid changes in the world, only by daring can we climb higher mountains and achieve more brilliant achievements. As Gan Jiayu said at the end of the film, "In an era of courage, when everyone is thinking and working hard, no matter how difficult the mountain is, you can climb it and enjoy the beautiful scenery." Looking forward to the future, I hope that everyone in China can be bold and work together to promote the development of the new era. In 2022, together with 1.4 billion China people, we will dare to be the China star of the times. (Source: Geely Automobile)

 

 

 

Online sales of personalized customized power banks, hidden dangers: virtual standard capacity, disassembly sparks fly out

Recently, citizen Xiao Zhang received a brand power bank presented by a cooperative enterprise, but the power bank clearly marked with a capacitance of 10,000 mAh charged the mobile phone once and then ran out of power. Recently, a reporter from Beijing Youth Daily found that many personalized power banks customized for enterprises online are counterfeit products, not only in the name of big brands in the market, but also falsely marked battery capacity. After dismantling these "counterfeit products" power banks, the batteries inside are rusty, and even some power banks use cement batteries.

The "big-name" power bank network sells for less than 20 yuan.

Like Xiao Zhang’s partner companies, many companies would choose to give customers power banks as gifts, and there were also many stores selling customizable and lettering "brand" power banks online. Through the introduction of these sellers, it can be seen that these power banks are called customized power banks because they can print text and patterns, and because the actual capacitance of these power banks can be customized.

In an online store labeled Shenzhen, there are 10 different styles of power banks on sale, many of which are used by some companies as gifts.

In this store, the reporter of Beiqing Daily chose a "Xiaomi mobile power bank" priced at 12 yuan and sold more than 100 times a month. The capacity in the product introduction is 10,400 mAh. From the pictures uploaded by the seller, the shape of the power bank sold is the same as that of the Xiaomi brand. The pictures of the product details used are also the product introduction of the Xiaomi power bank.

After clicking on the purchase button, a reporter from Beiqing Daily saw that options for capacity and logo customization appeared on the purchase page. Optional capacities ranged from 1,800 mAh to 4,800 mAh. Depending on the capacitor selected, the actual price would also vary, ranging from 12 yuan to 19.2 yuan.

In addition, buyers can also buy the packaging and wire corresponding to the selected power bank separately, the price is 12 yuan per set. If you order a large number of packaged power banks, the price of each set is 19 yuan.

After the reporter of Beiqing Daily chose to buy four more mainstream "brand" power banks in the store, he was told by the owner that the power banks photographed were "not for sale, but at least 100 for sale". After many negotiations, the owner agreed to increase the price and sell them separately.

Batteries are rusty
Disassembly sparks fly out

After getting the four power banks purchased, the reporter of Beiqing Daily compared the "Xiaomi Power Bank" purchased with the power bank sold by Xiaomi official, and disassembled the two power banks.

If you don’t look carefully at the appearance, there is basically no difference between "counterfeit products Xiaomi" and the real "Xiaomi". After careful comparison, it is found that the shell of the "counterfeit products Xiaomi" power bank feels rougher than the real "Xiaomi" power bank. The MI mark of "counterfeit products Xiaomi" can see obvious imprints, but the MI mark of the real "Xiaomi" has no imprints. The capacity mark of the tail power bank of "counterfeit products Xiaomi" is darker in color, and it does not feel like the real "Xiaomi" has a raised feeling. The URL of "Xiaomi" written on the back of "counterfeit products Xiaomi" is "xiaomi.com", while the URL written on the back of the real "Xiaomi" is "mi.com".

When a reporter from Beiqing Daily disassembled the two power banks, he found that "counterfeit products Xiaomi" are very easy to disassemble, and the internal components of the power bank can be pulled out by prying open the plastic cover at the top. The real "Xiaomi" has a closed part fixed by screws after prying open the plastic cover at the top. All the screws at the top and bottom must be removed before the internal components of the power bank can be pulled out.

After removing the shell, the circuit boards and batteries of the two power banks were completely different. The circuit boards of the "counterfeit products Xiaomi" were simple and the workmanship was rough. The batteries were wrapped in blue plastic.

After disassembling the plastic outside the batteries of the two power banks, it was found that there were obvious rust marks on the batteries of "counterfeit products Xiaomi".

During the dismantling process, sparks could be seen flying out of the battery anode of "counterfeit products Xiaomi" when it came into contact with metal items such as scissors.

Cement batteries are sold online for 0.24 yuan each.

In addition to the "counterfeit products Xiaomi" power bank, the reporter of Beiqing Daily also dismantled another common polymer lithium battery ultra-thin power bank, which mostly appears in the gifts issued by enterprises. Similarly, the workmanship of this counterfeit products ultra-thin power bank is also very rough, it is easy to be pried open, the circuit board is simple, and the packaging of the battery is only an extremely thin metal film. After the metal film is broken, the liquid overflows, and the taste is very pungent.

As early as 2015, Jiangxi Province had destroyed a power bank counterfeiting den, and the seized "counterfeit products" power bank contained 6 batteries, of which 4 were counterfeit filled with cement.

In various forums and Tieba, some netizens also discovered the "tricks" of inferior power banks, and some netizens disassembled the cement batteries in the power banks. From the disassembly pictures provided by netizens, the reporter of Beiqing Daily saw that some of the cement batteries were filled with sand, while others were filled with cement columns.

In some online shopping platforms, Beiqing Daily reporters found by searching for cement batteries that the price of pure cement core batteries is as low as 0.24 yuan each, starting at 100, and wholesale prices will be lower in large quantities. Some businesses selling cement batteries have power bank components and power banks working in progress.

At the same time, the Beiqing Daily reporter also found that many manufacturers have purchased 18650 batteries used in power banks online at a price of 1 yuan each, with a sales price of about 4 yuan. The price of genuine brand-new columnar 18650 batteries is around 10 yuan.

Low-quality batteries are dangerous
Easily cause fire

What exactly is a customized low-priced power bank battery sold online? The seller of the online store said, "The battery in the power bank he sells is a real battery, a product A battery, not a cement battery used for heavy charging, but a small capacitor, so there will be no short circuit, and long-distance transportation will not catch fire and explode."

Industry insiders told Beiqing Daily reporters that the batteries used in the power banks sold on the market are columnar 18650 batteries and flake polymer lithium batteries similar to mobile phone batteries, while some of the power banks made by "small workshops" use real batteries bought by Beiqing Daily reporters, but the power content is very small, and some use real batteries and fake "cement batteries" for mixed charging.

Generally, if a real battery is used, several batteries are connected together. If it is mixed and assembled, the cement battery will not be connected to the real battery. "The cement battery is placed separately and cannot be powered on when connected together."

The industry insider also said that most of the batteries in "small workshops" are made by the workshop itself or purchased from the outside world, and the safety cannot be guaranteed. If there is a problem with the columnar 18650 battery, it may cause a fire, "because the power content is small, although it will not explode, there will be flames in severe cases." And polymer lithium batteries, if the packaging is not good enough, once the electrolyte in the battery leaks, it will chemically react with the air, which will affect the human respiratory system, and ingestion will endanger the health.

Photo by this reporter, Wang Tianqi

Release and Delivery AITO asks the world to launch the new M7 series

On September 12, AITO’s new M7 series was launched. At the press conference, Yu Chengdong, executive director of Huawei, CEO of end point BG, and CEO of smart car solutions BU, said: "We have invested 500 million yuan in the new M7 series of AITO, using high-quality materials and advanced technology. Whether it is in smart cockpit, smart driving or smart safety, it has performed well and brought high-quality experience to users."

Event site. Photo provided by the organizer

Event site. Photo provided by the organizer

It is understood that the new M7 is equipped with HUAWEI ADS 2.0 high-order intelligent driving system, which can realize high-speed and urban high-order intelligent driving without relying on high-precision maps. It is expected that in December this year, it will realize the urban intelligent driving pilot auxiliary feature (urban NCA) that can be opened nationwide. Since the release of HUAWEI ADS 2.0 in April 2023, a rich scene library has been built on the AI training cluster, and deep learning 10 million + km per day continues to optimize intelligent driving algorithms and scene strategies.

At the same time, the new M7 is equipped with a variety of sensing hardware, which can realize full-scene and all-weather perception of dynamic and static targets. Hongmeng smart cockpit has functions such as super desktop and offline voice navigation. The rear HUAWEI MagLinkTM can expand the new gameplay of space scenes and realize multi-device linkage.

In addition, the new M7 fully considers the needs of family travel and has a spacious effective space in the car. The trunk has a standard volume of 686L, which can easily accommodate 12 20-inch suitcases. When the two-row seats are reclined and connected to the trunk, it can achieve double lying down, easily meeting the needs of multi-scene vehicles.

Infographic. Photo provided by the organizer

Infographic. Photo provided by the organizer

In terms of passive safety, the new M7 is equipped with advanced body structure and high-strength materials, and the introduction of CBS composite body materials, which effectively improves collision safety. In terms of active safety, the new M7 is equipped with HUAWEI ADS 2.0 active safety system, which realizes forward, lateral and backward all-round anti-collision capabilities, providing a higher level of protection for drivers and passengers.

Infographic. Photo provided by the organizer

Infographic. Photo provided by the organizer

At this listing conference, Yu Chengdong held a delivery ceremony for small-order users during the Chengdu Auto Show, and asked the new M7 to be delivered immediately after listing, reducing the waiting period after users place orders, and improving consumers’ car purchase and car experience. (Ma Chunpeng)

Suqian Xingyue L Zhiqing cuts prices! The latest offer is 152,700, so act quickly.

Welcome to [car home Suqian Preferential Promotion Channel] to bring you the latest and anticipated preferential information. At present, the high-profile models are undergoing a vigorous promotion campaign, aiming at giving back to consumers’ love for this high-performance new energy SUV. In Suqian area, you have the opportunity to enjoy a car purchase discount of up to 0.7 million yuan, which makes Xingyue L Zhiqing at your fingertips at a more competitive price. The starting price has been adjusted to 152,700 yuan, which is a good opportunity to buy a car. Want to seize this opportunity, get more specific discount details and real-time quotations, please click the "Check Car Price" button below, and let’s explore more benefits and surprises together.

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The design of Xingyue L Zhiqing is full of modernity and strength. The front face is exquisitely designed in a family style, and the air intake grille is chrome-plated in a large area, creating an atmosphere without losing exquisite visual effects. The overall style is both business and sports, with smooth lines and coordinated proportions, showing the elegant temperament of luxury mid-level SUV. Whether it is the details or the overall proportion, it reflects the unremitting pursuit of quality and aesthetics by Xingyue L Zhiqing.

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The side lines of Xingyue L Zhiqing are smooth and dynamic, and the body size is 4795 mm in length, 1895 mm in width and 1689 mm in height, showing a steady body proportion. Its wheelbase is as long as 2845 mm, which makes the interior space spacious, and the front and rear wheel tracks are 1610 mm, which ensures the stability and comfort of driving. Tyre size is 235/50 R19, and the tire width is moderate, which not only improves the driving grip, but also complements the rim style, creating a delicate and powerful visual effect. The overall design gives consideration to practicality and aesthetics, which makes people shine.

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The interior of Xingyue L Zhiqing is exquisite and full of science and technology, and adopts modern and luxurious design concept. The center console is centered on a 12.3-inch large-size touch screen, with advanced multimedia system and voice recognition control system. It is easy to operate and supports navigation, telephone, air conditioning and skylight control. The steering wheel is made of leather with good texture, which is not only comfortable to touch, but also equipped with manual up and down+front and rear adjustment function to ensure the driver has the best control experience.

In the seat part, Xingyue L Zhiqing adopts imitation leather material, paying attention to comfort and durability. The main driver’s seat supports front and rear adjustment, backrest adjustment, height adjustment (4-way) and lumbar support (4-way), and is equipped with electric seat memory function to meet individual requirements. The co-pilot seat also supports front and rear adjustment, backrest adjustment and height adjustment (2-way), and the driver’s seat is additionally equipped with heating and ventilation functions. The backrest of the second row of seats can be adjusted, and the rear seats support proportional reclining, which makes the space utilization more flexible.

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Xingyue L Zhiqing is equipped with a 1.5T turbocharged engine with a maximum power of 120kW and a power output of 163 HP. This engine is combined with the 3-speed DHT gearbox to ensure the smoothness and fuel economy of the vehicle in daily driving. In terms of torque, the maximum torque is 255 Nm, which provides strong power support for the vehicle.

Summarizing the evaluation of car home car owners, the interior design of Xingyue L Zhiqing has won his approval, which is simple and full of layers, and the big screen is full of science and technology. Although it is slightly dull, it obviously conforms to his aesthetics. The owner specifically mentioned that although the air volume of the rear air outlet was not satisfactory, it did not seriously affect his satisfaction with the overall interior. Therefore, the interior design of Xingyue L Zhiqing, despite minor regrets, can still provide a comfortable driving experience as a whole, showing its unique charm.

Can pickup trucks really meet daily needs? Experience the Great Wall Gun Passenger Edition in detail.

As a relatively small car, pickup truck is not common in our daily life, and its visibility on the street is far less than that of sedan and SUV. In fact, I think that friends who buy pickup trucks have a clear demand for cars, which can not only solve daily travel, but also get good loading space. From this perspective, the market strength of pickup trucks seems to be quite strong.

According to relevant data, the pickup trucks of the Great Wall brand have been ranked first in domestic sales for 21 consecutive years, with a total of 1.6 million vehicles sold. Even though the data is very exaggerated, the pickup trucks of the Great Wall brand are still not close to the public’s vision. In the past, pickup trucks were often used as "trucks", and the demand for carrying goods was greater than that for carrying people. However, the appearance of a pickup truck in the Great Wall has brought about subtle changes in this solidified thinking, that is, the Great Wall Cannon, which has been on the market for a short time.

From the product category, the Great Wall Gun series can be divided into three sub-categories, namely, passenger version, commercial version and off-road version. As the name implies, the commercial version of the pickup truck focuses on business purposes, so the appearance and interior are quite different from the passenger version, paying attention to practicality. The off-road version emphasizes improving the passability under complex road conditions, and is equipped with a set of off-road exclusive kits. Generally speaking, the passenger version of the Great Wall Gun seems to be more suitable for the needs of mass consumers, so we focus on experiencing the passenger version of the next gun.

Let’s take a brief look at the basic information of this car. In 2019, the Great Wall Gun Passenger Edition launched four models with a guide price range of 126,800-159,800 yuan. The power is equipped with a 2.0T gasoline engine, which meets the national six emission standards. Non-loaded body structure is adopted, which is also a common body of many pickup trucks.

Appearance: the design is very strong, and it looks more like an SUV from the front.

In the past, most pickup trucks in the market ignored the design level in order to pursue practicality and cost performance excessively, and always felt "cheap". But now, the main group of automobile consumption is a group of young people who are mainly born after 1980s and 1990s, so automobile companies begin to pay attention to the appearance of new cars. When I first saw the real car of the Great Wall Gun Passenger Edition, it left a deep impression on my senses, and the elements of "fashion" and "sports" were very rich. Among them, the exclusive version of the top match also adopts a two-color body design, which can show the designer’s good intentions. However, the model actually shot in this shop is sports, that is, the second top version, and it is a pity that there is no two-color body.

There are different comments on the front of the Great Wall cannon on the Internet. Some people think that the Great Wall is too hard and the shape is too exaggerated. But in fact, the feeling after seeing the real car is really different. The whole car has a good sense of design and good coordination. Obviously, it can be seen that the Great Wall Gun adopts the latest family design language, and this brand-new front face can bring a lot of freshness. The wide air intake grille and the unique brand LOGO further enhance the recognition of the new Great Wall gun head.

The shape of the headlight group is basically the same as that of the old models. The whole system comes standard with LED far and near lights, automatic headlights and steering auxiliary lights, which can provide excellent lighting effects for drivers. The structure inside the lamp cavity is relatively simple, but it doesn’t look monotonous. The light sources arranged in matrix enhance the sense of grade of the front face.

The passenger version of the Great Wall Gun has a tyre size of 265/60 R18, which is a little small for this "big guy" car, but it should not be too big for daily use. As can be seen from the picture, its tire sidewall is thicker and deeper than ordinary family cars, mainly to ensure the passability under complex road conditions. The wheel hub is petal-shaped and looks very beautiful.

For the design of the rear of the car, I think it is more ornamental than the front face. The long and narrow taillight group, combined with the sharp light belt, reveals a sense of advanced. There is an exclusive decoupling under the rear of the car, which looks like a hard-core off-road vehicle.

Interior: The interior materials are advanced, emphasizing the texture.

I believe that many people’s first impression of pickup trucks is "cheap". For a long time in the past, mainstream pickup trucks in the market ignored the creation of interior texture in order to take into account the cost of making cars. However, with the change of automobile consumption concept in recent years, many car owners attach great importance to the atmosphere inside the car, so many pickup trucks newly listed have begun to pay attention to the design inside the car. Although the interior of the passenger version of the Great Wall Gun is dominated by hard-core rough style, the polishing of details has indeed made obvious progress.

The panel of the center console is decorated with a large area of wood grain, and the air outlet of the air conditioner and the central control area are decorated with many silver chrome trim strips. This contrast design of brown and silver gray has improved the grade and texture of the car, at least visually. It doesn’t look monotonous. In addition, the door handles on both sides also use leather stitching to form dense diamond-shaped lines, which makes people feel comfortable to touch.

The layout of the functional area in the whole car is relatively conservative, showing a symmetrical structure. I think this design can make the car look more regular. The central control is equipped with a large-size touch LCD screen and built-in GPS navigation function, which is still very practical.

In addition to the obvious upgrade in materials and workmanship, the passenger version of the Great Wall Gun is also very sincere in configuration. The whole system comes standard with a leather steering wheel and supports the steering wheel shift function. Rear seat air outlet, automatic air conditioner, induction wiper and other commonly used functions are well equipped. In addition, the configuration of intelligent network connection also has a good performance, such as supporting voice control system, which is more convenient for young consumers to use cars.

Space: The seat is wide and soft, but the rear space is average.

Compared with the off-road version and the commercial version of the pickup truck, the passenger version of the pickup truck seems to be more suitable for ordinary consumers’ car scenes, for example, it can meet the needs of home travel and has an ideal loading space. Therefore, the passenger pickup truck has certain requirements for ride comfort. The seats in the front and rear rows of the Great Wall Gun Passenger Edition are relatively soft, and the internal fillers are sufficient, even worse than the ride experience of ordinary city SUVs. However, the depth of the rear seat cushion of this car is a little short, which leads to the general support effect on the thigh.

There must be many friends who are concerned about the rear space of this car. Considering the depth and length of the tail box, the Great Wall Gun Passenger Edition has not reserved a large rear space. Taking the 179cm height experiencer as a reference, there is about a punch between the leg and the front seat, which is slightly inferior to the general SUV model.

It is worth mentioning that the rear seats of the Great Wall Gun Passenger Edition can be folded up, which can also create a lot of storage space. To sum up, the passenger version of the Great Wall Gun has far exceeded the expected performance in storage, but the second row is not comfortable to ride. From the point of view of home use, the properties of this car still need to be improved.

Power: 2.0T+8AT "golden" power combination.

In fact, the powertrain of the Great Wall Gun Passenger Edition is almost the same as that of Haval H9, which is a combination of 2.0T engine and ZF 8-speed automatic gearbox. However, in terms of parameters, there are subtle differences between them. The power and torque of the passenger version of the Great Wall Gun are slightly inferior to those of H9. Even so, the Great Wall Gun is still one of the most powerful players in its class. A 2.0T gasoline engine can produce a maximum power of 140kW and a peak torque of 360 N m.. Judging from the engine parameters, the Great Wall’s power adjustment of this pickup truck is not so violent, but it can basically cope with a variety of car scenes.

In the automobile circle, people often hear people say "golden" power combination. In fact, this set of power of the Great Wall Gun Passenger Edition can also be called "gold". In addition to the 2.0T engine, the most important thing is the ZF8 speed gearbox. Friends who have driven Haval H9 must know that the smoothness of this transmission system is really high, and the shifting is particularly active, which gives people a smooth feeling when driving.

Editor’s summary: pickup truck seems to be getting closer and closer to entering the "homes of ordinary people". Taking the Great Wall Gun Passenger Edition as an example, its comfort and practicality will really give people a bright feeling. In addition, the Great Wall Gun has greatly changed the "rough" impression of pickup trucks in the past by using excellent design concepts. The more fashionable design elements and rich configuration functions make it more acceptable to consumers in the market. However, there is a saying that unless there is a clear demand for cars, pickup trucks still cannot become the mainstream choice for most people, which has a great connection with the current situation of the domestic automobile industry. In other words, today’s pickup trucks are still relatively niche models, but the Great Wall cannon has brought people a different feeling.

Frequent failures, sales halved! The safest Volvo in the world, why can’t it be sold?

The inventor of three-point seat belts, the first automobile brand to use airbags, Volvo is undoubtedly the industry benchmark in terms of safety, but Volvo, the safety benchmark, has recently encountered trouble.

In May 2022, Volvo’s sales in China were only 9,488 vehicles, down 43.8% year-on-year, which was the second consecutive month, down more than 40% year-on-year. In April, Volvo sold 8,579 vehicles, down 47.8% year-on-year, and the sales volume was almost halved, which obviously exceeded the industry average. What’s worse, the combined sales volume of all Volvo models was not as good as that of LI, a new force in car making.

And this is the market answer sheet handed over by Volvo models when they all give substantial terminal discounts. Take Volvo S90 (parameter picture) as an example. The terminal discount of this car is as high as 70,000-80,000 yuan, and the terminal landing price is even in the early 300,000 s. It can be said that the car is being sold with a fracture. But how can Volvo, which has a broken bone, still not be sold?

The product update is slow, and the main models are exhausted.

In the fierce market competition environment, major car companies have been trying to introduce new products, update technology and keep up with the market development trend in recent years, but Volvo, a Swedish car company, is obviously a little slow in pace. Volvo’s three main models have not been replaced for a long time.

XC90 was released in 2014, S90 in 2016 and XC60 in 2017. Although there is a change in the middle, it is basically fine-tuned in appearance and power system, which is neither painful nor itchy, and it is difficult to form a new communication point, and it is also lack of freshness for consumers.

Safety and environmental protection cards can no longer be played.

Volvo’s models have always been known for their safety. Besides, the environmentally friendly interior materials is also its unique selling point. In addition, Volvo has no other differentiation advantages that can distinguish it from its competitors. Volvo’s models are obviously not as good as their competitors at the same level in terms of creating luxurious interior texture and driving texture. However, even for safety and environmental protection, these two cards are becoming more and more immovable.

In terms of safety, as long as the price of luxury brand models is more than 300,000, it may not be so extreme in safety, but it will not be particularly embarrassing. Moreover, with the wave of automobile electrification, more and more models are equipped with active safety systems, which also leads to Volvo’s safety brand, which is less and less attractive to consumers.

In terms of the environmental protection of the interior, many new brands have also begun to promote the interior of their own models and how much environmental protection materials have been used. Therefore, these two advantages that Volvo originally monopolized are gradually being disintegrated by competitors.

The complaint rate is high, with frequent failures.

Since the beginning of this year, some owners of Volvo S60 and S90 have found that the engine can’t start normally for many times, and even some vehicles have completely lost power and can’t be unlocked. Volvo dealers explain this problem as "software matching failure", claiming that it can be repaired by software upgrade, but the vehicle after maintenance and upgrade still has the problem of not starting. According to professional analysis, it may be because the 48V light mixing system of Volvo’s new model may have defects in its working logic, which may lead to power loss of the vehicle.

According to the information of many complaint websites such as Chezhi. com, the complaint sales ratio of Volvo’s models is not low. In the first quarter of this year, the complaint sales ratio of Volvo XC60 new energy was the highest. The main complaints were: suspected distribution reduction, car body accessories and electrical audio-visual system failure, driving safety auxiliary system failure, and engine/motor drive motor failure.

In the face of the long-standing problem of low-frequency resonance/abnormal sound, some car owners revealed that at that time, the dealer gave the "hush money" practice of signing a confidentiality agreement after compensation, but did not recall it.

Dislocation competition, hedging rate and brand premium are worrying.

Dislocation competition and substantial terminal concessions are the secrets of sales growth of Volvo models in previous years, but this practice has also brought great negative effects.

The method of high pricing and substantial terminal discount has seriously hurt Volvo’s brand image, which has led to the general public’s view that Volvo should not buy without breaking a bone, which has also led Volvo to continue the method of high pricing and high terminal discount when launching new models, which has also exhausted Volvo’s brand premium.

In addition, the way of substantial terminal concessions has led to a sharp decline in the value-keeping rate of Volvo models. Take several representative models as examples, the three-year value-keeping rate of Volvo XC60 is 44.67%, that of Volvo XC90 is 54.25%, that of Volvo S90 is 44.54%, and that of Volvo S60 is 45.74%. Even if you count the terminal concessions, the value-keeping rate of Volvo is calculated according to the actual landing price.

As it turns out, Volvo’s several brands, such as substantial discount, misplaced competition, safety and environmental protection, are becoming more and more immovable, and Volvo must make changes. We can also see that Volvo is also actively carrying out electrification transformation recently, hoping that Volvo can make a faster pace in electrification transformation. Perhaps only in this way can Volvo reverse the trend.

Xiaomi Auto was officially unveiled, and the new forces of making cars were black at the moment.

After waiting for 1003 days, Lei Jun and his Xiaomi SU-7 finally appeared. Before that, he paid tribute to BYD, Weilai, Tucki, Ideality and Huawei.

When asked why he didn’t pay tribute to SAIC, FAW, Geely, Great Wall, Chang ‘an, Chery and other car companies, Lei Jun said: Everyone misunderstood. I am full of awe for the whole automobile industry, and I paid tribute to them at the beginning of building a car.

□ Dahebao Yu video reporter

I’m afraid the real reason behind it is that only these five car companies, plus Tesla and Porsche, which will be compared, are the car companies that Xiaomi really wants to subvert.

Just like trying to shoot the front waves on the beach and the back waves, when Lei Jun took the shot, the seven car companies that claimed to be "new forces" felt the pressure.

Just as Lei Jun didn’t say, the SU-7 is actually a classic aircraft launched by the Sukhoi Design Bureau of the former Soviet Union, which reversed the situation that Su Ge dominated the world in one fell swoop.

There is no doubt that Xiaomi "redefined" electric vehicles after Huawei’s ideal of Tucki.

The refrigerator and color TV are empty.

When the new car-making forces are still struggling with who piled more refrigerators and color TVs on the car, Xiaomi only put one.16.1-inch central control ecological screen, no co-pilot Dalian screen, no rear big screen.

But don’t worry, Xiaomi car supports PAD to get on the bus, which can be directly hung in front of the rear seat. After being connected to the system, it can also operate the front co-pilot. The interface of the car is designed with cards, which can not only switch cards left and right, freely lay out, but also adjust the card size and operate with hands. The whole operation is very simple, and Xiaobai can easily get started without studying.

This is Xiaomi’s specialty, far ahead.

At the press conference, Lei Jun announced that in Mijia’s eco-insensitive car, the car machine system is deeply adapted to mainstream car applications, and the car machine application is almost the same as Xiaomi’s tablet operation experience. The mobile phone application can also be pinned to the car, and the car machine can be changed in seconds. Native application; The first batch of equipment supports 1000+ meters, which is connected with the account in a confidential way, and supports the setting of automatic scene linkage.

In the expansion of the central control panel, Pin points are reserved around the screen to expand the interface, and the hardware devices of the three parties can be plugged and played. There is also a magnetic attraction function at the bottom of the screen, and even a group of physical buttons can be attracted to add physical button control to the vehicle.

The storage space of the center console is reserved with hardware interface, power interface and magnetic attraction, which can expand more innovative hardware of three parties, such as supporting Mijia car fragrance machine.

The back of the seat also supports the hardware ecological expansion, and has the magnetic charging characteristic of 22.5W W. After the millet tablet is adsorbed, it directly becomes the original car machine, which can control 30+ car control systems such as navigation, air conditioning, seat, audio and video.

In addition, Apple devices can also be supported by Xiaomi smart cockpit. The car has CarPlay and AirPlay wireless connections, and the expansion of the seat back also supports iPad, which can control air conditioning, music and seats.

Such a "geek" expansion way will definitely make competitors clap their thighs and say "Why didn’t I think of it?" Instead of piling the configuration on the car, it is better to open the interface and let more personalized applications get on the bus.

Unexpectedly, Xiaomi found the belief in performance.

At the Xiaomi Automobile Technology Conference, the Xiaomi Super Motor V8s was officially released, with a speed of 27200rpm. Lei Jun said excitedly that it will be the ceiling of the global motor speed and the top motor in the world.

According to reports, the millet super motor V8s is completely developed and produced by Xiaomi, and it is expected to get on the bus in 2025.

Xiaomi Super Motor V8s is the first in the industry to produce 960MPa special silicon steel sheet, self-developed rotor design, two-way oil-cooled heat dissipation, S-shaped three-dimensional oil circuit design, 54-slot 6-pole design, 8-layer Hairpin flat wire winding, with a slot full rate of 77%. It has applied for 155 patents and authorized 60 patents.

In performance, the millet super motor V8s has a maximum horsepower of 578ps, a peak power of 425kW and a peak torque of 635 N m..

Xiaomi automobile is equipped with 101 kWh Contemporary Amperex Technology Co., Limited Kirin battery and CTB integrated battery technology.

In terms of batteries, the 800V high-voltage battery pack carried by Xiaomi was completed by thousands of engineers in Xiaomi and Contemporary Amperex Technology Co., Limited for two years, but the battery core was not self-developed.

The battery adopts the CTB battery body integration technology developed by Xiaomi. Officially, the thickness of battery pack+floor is 120mm, the volume efficiency reaches 77.8%, and the harness is reduced by 91%, thus reducing the harness space by 3%.

In terms of performance, Xiaomi SU7 has the lowest drag coefficient of 0.195Cd in the world, the largest 105L front standby box in China, and the first four-fold braking safety mechanism. It refused to brake failure and accelerated to 2.78 seconds at zero speed, and stepped into the "2-second super-running club" with a maximum speed of 265km/h, which surpassed the performance of Porsche Taycan Turbo.

This has made many people realize that Xiaomi Automobile has regained the origin of the car-performance. When new forces are deployed and traditional manufacturers give up performance promotion, it is Lei Jun who cares more about the performance of a car.

Just like Xiaomi car has several physical buttons, which are required by Lei Jun. These physical buttons include start/stop, air conditioning temperature adjustment, air conditioning air volume adjustment, air suspension adjustment and electric tail adjustment.

As for why the electric tail adjustment button should be kept, Lei Jun said that it was mainly because a friend bought a million luxury cars, but he just couldn’t find a way to open the electric tail.

How can it be 99 thousand?

At the Xiaomi Automobile Technology Conference, Lei Jun spoke alone for three hours. This conference "only issued technology, not released cars".

Some netizens left a message to Lei Jun, saying that the whole press conference was most impressed by this sentence "How can it be 99,000?".

At the press conference, Lei Jun said that it is impossible for Xiaomi automobile SU7 to sell 99,000, and it is impossible to sell 149,000.

In fact, it’s not unreasonable to say this. I don’t want to be friends with rice noodles any more. It’s true that the cost of Xiaomi car is really high. We can see what super-high-cost technologies Xiaomi car uses.

Xiaomi Automobile will adopt 800V silicon carbide high-voltage platform with a maximum voltage of 871V, and CTB integrated battery technology, with a volume efficiency of 77.8%.

Xiaomi battery is safe. It has passed the most stringent thermal failure safety standards in the world, and has top-level heat dissipation and heat insulation capabilities: 17 layers of high-voltage insulation protection, with the largest cooling area of 7.8m2, and 165 pieces of aerogels are used for heat insulation, and Xiaomi Che Yun collaborative safety early warning system and the industry’s first battery inversion technology are adopted to improve safety.

Xiaomi also provides Xiaomi’s high-efficiency dual-mode heat pump, which can improve the low-temperature battery life retention rate, low-temperature air conditioning heating speed and low-temperature charging speed.

Xiaomi also researched the super die-casting of Xiaomi in the whole stack, and independently designed 9100t die-casting in the whole link; Also introduced a self-developed material-Xiaomi Titan alloy; It also introduced the self-developed design of 72-in-1 integrated die-casting floor and innovative three-stage anti-collision design.

Xiaomi intelligent driving comes from full-stack self-developed intelligent driving technology; Zoom BEV, large road model, super-resolution occupation network, super-power computing chip and sensing hardware are used to provide better performance.

"On the way to the press conference today, the afternoon sun shone into the windows that came and went, drawing a golden outline for those drivers. I seem to see you, over the years, across one pass after another; See you, firm and confident, from this winter, towards a new era. No matter how cold and windy this winter is, your car and your heart are warm; Your steps and your wheels are equally steady and powerful. Cheer for the forge ahead and walk with the elites of the times. Xiaomi’s first car, Xiaomi SU7, was built for drivers on these dream roads. "

The Xiaomi Auto Conference, which lasted for 3 hours, ended with the soul chicken soup instilled by Lei Jun into the "elite of the times"-the target group of Xiaomi SU7. His last sentence was, "I want to tell you that self-confidence in life is infinitely broad, and continuous progress is the best reward for your life."

How to use Mercedes e300 handbrake?

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For Mercedes-Benz E300 before model year 2015, the use of handbrake is very simple. Just press the handbrake pedal to finish parking. If you need to release the handbrake, just pull the handbrake handle under the light switch on the left side of the instrument panel.

However, for the new Mercedes-Benz E300, the hand brake is used in a slightly different way. There are two ways to open the handbrake: one is controlled by the handbrake switch under the light switch on the left side of the instrument panel. As long as you press the switch, you can start the parking brake. When you need to release the parking state, just press the handbrake switch. Another way is that the vehicle will automatically control the handbrake. When the vehicle comes to a stop and steps on the brake pedal to shift into P gear, the vehicle will automatically start the parking brake. When it is necessary to release the handbrake, just shift into D or R and press the accelerator pedal.

It is worth noting that the hand brake is a very important safety device to prevent the vehicle from sliding or rolling when parking. Therefore, it is very necessary to use the handbrake correctly. When using the handbrake, you should first stop the vehicle completely, then pull up the handbrake pedal or handbrake switch, and finally put it into P gear. When releasing the handbrake, you should first shift into D or R gear, and then press the accelerator pedal, and the handbrake will be released automatically.

In short, the use of the handbrake of Mercedes-Benz E300 is very simple, no matter whether it is old or new, just follow the above steps. The use of the hand brake can not only ensure the safety of the vehicle, but also prolong the service life of the brake system, so the hand brake must be used correctly when parking.

"Ideal Shines on China": There are both ideal characters and ideal characters | Discussion.

Lighting up the screen with "ideal", the series of short drama "Ideal Shines on China" records the party’s century-old glory through 40 groups of characters and flash stories in different periods, and vividly explains what is ideal and why China.

Author: He Cha

The theme key work "Ideal Shines on China" planned and organized by the State Administration of Radio and Television to celebrate the centenary of the founding of the Communist Party of China (CPC) recently came to an end. As a series of short plays, the drama runs through a hundred years through 40 groups of characters and flash stories in different periods, vividly showing the magnificent revolutionary picture scroll and the struggle story of dreaming on the road of the Communist Party of China (CPC)’s hundred-year growth, and igniting the "ideal" fire of many audiences.

 

On July 29th, the seminar "Ideal Shines on China" sponsored by China Television Art Committee, Propaganda Department of Hunan Provincial Committee of the Communist Party of China and Hunan Radio, Film and Television Group was held in Beijing. At the meeting, participants exchanged views on the creative experience, theme presentation and artistic innovation of the play.

The ideal shines on China, and one sentence embodies surging and passion. To celebrate the 100th anniversary of the founding of the Communist Party of China (CPC), the State Administration of Radio, Film and Television launched the theme exhibition "Ideal Shines on China", covering TV series, programs, documentaries and online audio-visual works. Gao Changli, director of the TV drama department of the State Administration of Radio, Film and Television, said that as a show of the same name, "Ideal Shines on China" had a wide influence after its broadcast, especially among young people.

 

Recalling the whole process of the play from proposal, brewing to production and broadcasting, Gao Changli called it a "great adventure". The drama is composed of 40 units, with a history of 100 years of struggle in series, telling 40 flash stories in different periods. Gao Changli said that "Ideal Shines on China" is groundbreaking and enlightening for TV drama creation: First, it should be boldly innovated in terms of theme, content and form; The second is to dig out the most touching stories in history and life, which is the key to the success of this drama.

 

It is a distinctive feature of this drama to accommodate 40 stories with different styles in less than 1200 minutes. Chengxiang Zhong, a literary critic, mentioned that the play used a typical short play mode, which "has aesthetic limitations and special aesthetic advantages".

 

How to condense the complete story into a limited space of less than 30 minutes per episode is a major challenge for the creative team.

 

Talking about the creative process, Jiang Zuxuan, executive deputy director of the Propaganda Department of Hunan Provincial Party Committee, recalled that at that time, "time was really tight and the task was heavy". Ke Wang, the chief producer, convened 12 project teams of Hunan Radio and Television, and at the same time set up 17 directors’ teams, 22 writers’ teams, 14 general project teams and 15 independent filming groups. All the filming was completed within 76 days, and finally it was broadcast as scheduled on May 4.

Dongyu Fu, the general director of the play, made a resumption of the play with "two requirements and four keys": two requirements, that is, all topics should meet the characters and the times. The four keys are "truth and reasonableness, faith in the heart and light in the eyes, refinement of art and sublimation of theme".

Based on the concept of realistic creation, the pursuit of "truthfulness" in the play is integrated into all aspects of real characters, real names, real stories, real framing and real modeling. Ke Wang, the chief producer of "Ideal Shines on China", said that the crew went to 19 provinces (autonomous regions and municipalities) across the country for filming, including Chifeng in the northernmost Inner Mongolia, Haikou in the southernmost Hainan, Changbai Mountain in the easternmost Jilin, and Wuqia in the westernmost Xinjiang. "Although it is a day and night journey, it is worthwhile to go to Wan Li because of the ideal."

 

At the scene, Ke Wang (right), the chief producer of "Ideal Shines on China", presented the oil painting of "The Announcer" to Jia Lei (left), deputy director of Radio Station 491 of the State Administration of Radio and Television.

Liang Zhenhua, the chief screenwriter, said that the creative process of the play also touched him: he was moved by his understanding of the ideal; Moved by a group of people who come from ideals and are gathered by ideals; Moved by the opportunity of 40 artistic explorations and formal innovations. "40 episodes have an average of 5 questions per episode and 200 questions; In 40 episodes, the script was revised 6 times and 240 times on average, but we finished all the creation within 5 months. As long as you stick to it, you will also be illuminated by ideals. "

 

Yu Yuexian, an actor, talked about the experience of filming Our Wulan Muqi, saying, "Actors really see, listen and feel in the cold prairie environment. Therefore, our creative team can shoot film and television works with true feelings, truth and true thoughts. I myself have also been ignited by the hot hearts of’ Wulan Muqi’, and they really explained what is the ideal power. "

 

Zhang Haitao, member of the Standing Committee of the 12th Chinese People’s Political Consultative Conference and former deputy director of the State Administration of Radio, Film and Television, said that it is an important proposition that radio and television media have been exploring to make the main force truly enter the main battlefield of the Internet and youth. At this level, Hunan Radio and Television and Ideal Shines over China have handed in a qualified answer. He said that the creative experience of "Ideal Shines on China" is worth refining and summarizing, contributing to the high-quality development of China TV series.

Yi Kai, secretary-general of the China Television Art Committee, said, "The creation of this drama embodies the advantages of socialism concentrating on doing great things and is a successful practice in the field of literary and artistic creation."

 

The creation of this gathering force has achieved rich results. According to reports, the douban score of the drama reached 8.2, with over 10,000 short reviews and 325 long drama reviews. Only on Mango TV and Tencent Video, the broadcast volume reached 730 million, and the total topic reading on Sina Weibo exceeded 20 billion.

 

When talking about the feelings after viewing, Xing Ge, a senior editor of China Television Art Committee, affirmed the different expressions of different stories. For example, The Taste of Truth used a combination of staged scene scheduling and long-shot shooting, which specifically showed various social trends of thought that existed at that time; Our Wulan Muqi has the texture of painting and a strong sense of the times in terms of picture composition, color and light and shadow treatment.

 

The stories of 40 groups of different characters are connected in series with the four periods of party history to form a corridor of characters that penetrates time. Li Jingsheng, vice president of China Federation of Radio and Television Social Organizations, summed up the drama as "exquisite and grand". "This drama vividly integrates the historical characteristics and spiritual outlook of the Party in different periods into 40 short and exquisite character stories, focusing on the illumination and enlightenment of ideals and beliefs on life. These characters include ancestors and martyrs, as well as ordinary people living around you and me today. Each story intercepts a small and exquisite piece of life, which is independent, but it can be regarded as a splendid chapter of our century-old party history. "

 

Yin Hong, vice chairman of the Chinese Literary Critics Association, believes that the drama embodies the concept of "people-oriented", and at the same time it also achieves the goal of seeing history, casting souls and writing poems with people.

 

The flash of characters shines on history and bears witness to the power of ideals. Zhang Huali, Party Secretary and Chairman of Hunan Radio, Film and Television Group Co., Ltd. (Hunan Radio and Television Station) said that "Ideal Shines on China" is a highly innovative drama planned and guided by the State Administration of Radio, Film and Television. It is a drama that shines with ideals and communicates with young people in the new era.

During the broadcast of the play, "ideal" infected both the creator and the audience. Tan Xin, director of the TV drama department of Hunan Radio and Television Bureau, mentioned that many units regard Ideal Shines on China as the material for studying and educating the history of the Party, and many school students use Ideal Shines on China as the material for their compositions.

"I am most proud of the influence of" Ideal Shines on China "on young audiences." Ke Wang said, because ideals need to be relayed, it is meaningful to create if young people keep up.

Editor | Sui Fangfang Ning Yahong