◆ Jietu X70S EV

　　　New car features:The appearance of the new car is basically the same as the fuel version.

　　A few days ago, we obtained the declaration information of Jietu X70 EV model from the Ministry of Industry and Information Technology. The appearance of the new car is basically the same as that of the fuel version, and the charging port is placed at the front of the car. According to previous information, the car will be unveiled at the Shanghai Auto Show and will be officially launched for sale in mid-2019.

『Jietu X70 EV declaration map』

　　According to the declaration chart of this exposure, there is little difference between the new car as a whole and the fuel version, and the design style officially called "Huizhou City Leader" is still adopted. The air intake grille is decorated with horizontal chrome trim strips and frames, and is connected with the headlights on both sides and integrated with each other, stretching the visual width of the front face. It is understood that the center of the front grille is a charging port, which is divided into fast charging and slow charging.

"Previously exposed test spy photos"

　　The tail shape of the new car is relatively simple, and the slender taillight group is integrated with LED light source, and the "X70 EV" logo is on the lower right corner of the tailgate to show its identity. In addition, a large area of white tailgate is surrounded by black at the bottom, and it is equipped with two exhaust decorations on both sides, which looks good.

"Previously exposed test spy photos"

　　In terms of interior, according to the previous interior spy photos, the overall design of the new car is obviously different from the fuel version. Specifically, the car is equipped with a three-spoke multifunctional flat-bottomed steering wheel, but the mechanical instrument panel is an independent gun barrel style, with an independent floating touch screen in the central control area and an air conditioning control panel and knob below. In addition, the pure electric version is equipped with a knob-type electronic gear lever, which is more advanced overall.

『Jietu X70 EV declaration map』

　　In terms of body size, its length, width and height are 4750/1910/1710mm respectively, and its wheelbase is 2745mm. In terms of configuration, in the future, according to different models, it will provide LED headlights, panoramic sunroof, front camera, rear camera, front radar, B/C column black film, black glass and so on. In terms of power, the new car will be equipped with a model TZ230XS45FD drive motor produced by Shanghai Automotive Electric Drive Co., Ltd., with a maximum power of 170 HP (125 kW). The power battery pack is equipped with a lithium iron phosphate battery pack produced by Hefei Guoxuan Hi-Tech Power Energy Co., Ltd.

　　Editor’s comment:Jietu is Chery’s latest sub-brand, which is targeted at young people or families with two children. In the future, MPV and new energy vehicles will be launched in addition to SUVs. Jetway X70 EV will be the brand’s first pure electric vehicle, and its appearance is not much different from that of the fuel version of Jetway X70. If the 7-seat layout of the fuel version can be continued, there are not many vehicles with similar positioning in the field of electric vehicles. Netizens who are concerned about the pure electric 7-seat SUV can look forward to this car.

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◆ Qingyuan Xiao Zun/Zun Zun

　　　New car features:The new car looks avant-garde; As a mini-car, Xiaozun has a comprehensive endurance of 400km and adopts a three-door and four-seat layout.

　　A few days ago, we learned from the official of Qingyuan Automobile that it will build a family product name with the word "Zun" as the core. It is understood that its two exposed models are officially named Qingyuan Xiaozun and Qingyuan Zun. Among them, Qingyuan Xiaozun is positioned as a miniature pure electric vehicle, and Qingyuan Zun is positioned as a medium-sized pure electric vehicle. Both models will be officially unveiled at the Shanghai Auto Show held on April 16th.

　　According to official information, Qingyuan Xiaozun has a body size of 3400/1695/1560mm and a wheelbase of 2250mm, and will adopt a layout of three doors and four seats. The overall design of the car body tends to be simple and full of science and technology, and the design of the closed middle net on the front face is also in line with the characteristics of electric vehicles. In terms of power, the car will use a permanent magnet synchronous motor with a maximum torque of 120N·m, and the battery will adopt a modular design. The official NEDC comprehensive cruising range can reach 400km.

　　As for Qingyuan Venerable, the official did not provide configuration information. Judging from the official map, the overall design of the car has a strong sense of science and technology. The long and narrow light strip above the front face LOGO extends the visual width of the front. The spoiler design of the lower part of the front face and the side skirt creates a strong offensive through the use of broken lines, and the front windshield is very inclined and streamlined. In addition, the narrow taillights at the rear of the car echo the lights on the front face, and the raised section at the rear also enhances the three-dimensional sense.

　　Editor’s comment:Judging from the official map, the designs of Qingyuan’s two models are very avant-garde. Especially this car, Xiaozun, seems to have a very high degree of completion at present. The eye-catching place of this car is not only the appearance, but also the performance of comprehensive cruising range, reaching 400km, which is not easy for a miniature pure electric vehicle.

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◆ Summary of the full text: Some China brands are breaking through to the high end in the field of electric vehicles.

　　　In addition to the new energy vehicles introduced above, we understand that there are also some concept vehicles that will be exhibited at the Shanghai Auto Show, namelyZero run C-more、Nissan IMs concept car、Audi AI:me concept car、Karma Vision pure electric concept car and a new car developed in cooperation with Pininfarina、Dazhong ID. ROOMZZWait. Due to the limited information received, we will make an in-depth report for you after the exhibition begins.

　　Through the preview of this Shanghai Auto Show, we can find that China brand vehicles occupy a large proportion in the field of new energy vehicles. Among these enterprises, some car companies are marching into high-end areas that have not been touched in the fuel car market, such as the sports car of ARCFOX, a subsidiary of BAIC New Energy, and the Han of BYD. In contrast, there are not many mass-produced new energy vehicles unveiled by international brands, but there are also some bright spots, such as (|), Audi Q2L e-tron and buick VELITE 6 pure electric version. In a word, there are many participating models in the new energy field at this Shanghai Auto Show, and the competition is fierce. (Text/car home Hu Yongbin)

　　Recently, an article "Baidu, a search engine, is dead" has aroused social concern. Because it involves the question of whether a search engine with public attributes can give priority to its own 100-number, the parties, the media and netizens hold their own opinions. On January 23, Baidu responded that it had a clear conscience. After keyword comparison, in addition to Baidu, sogou, 360 and other search engines are also giving priority to recommending their own products. In this regard, experts say that when an enterprise is in the leading position in the industry, it must have greater social responsibility and responsibility. The search service makes the service a "private garden", which does not meet the needs of public interests, nor does it meet the basic requirements of the Network Security Law and the Regulations on the Administration of Internet Information Services. Some experts even pointed out that Baidu’s problems actually exist in many large Internet platforms. In order to maintain their dominant position in the market, they are "painting the land as a prison", guiding themselves within the platform, selectively shielding competitors, and rejecting the free crawling of third-party search engine content. This behavior is shaking the fundamental cornerstone of the Internet.

　　Baidu search leads traffic to its own products and attracts all parties to vomit.

　　The article "Baidu, the search engine, is dead" says: Recently, more than half of the results seen on the first page of Baidu search will point to Baidu’s own products, especially its self-media platform "Baijiahao", which is all-inclusive, but the quality is worrying. Baidu is no longer the entrance to explore the Chinese Internet, and it can be renamed as "Search in Baijiahao Station".

　　The article caused a lot of resonance, and netizen Su Zerui said: "I basically don’t use Baidu myself, and the search information is too messy and inefficient. In the era of traffic, Baidu has the right to selectively provide users with search content to expand their traffic, but users will also measure whether to continue to use Baidu, and other search industries will also take the opportunity. " Some media people left a message saying that after their articles were forwarded by others, the search presented only 100-number content, and their websites could not enjoy the content traffic bonus at all. There are also hundreds of authors who believe that the platform audit is more stringent. Because of the presence of traditional media and official institutions, the quality is relatively reliable, and the products such as WeChat and Taobao are compared and evaluated. "Baidu without login is far more open than its peers."

　　On the 23rd, Baidu responded that Baijiahao is an important measure to improve the ecological experience of Baidu APP content. At present, in Baidu search results, Baijiahao content accounts for less than 10% of the whole site. At the Baijiahao 2019 Content Creator Festival held on the same day, Baidu’s vice president Shen Shai said "with a clear conscience": "In the PC era, Baidu could access the content of any website without any obstacles on the standard browser, but in the era of mobile Internet, many contents were blocked in the APP, which made access more difficult, so we launched Baijiahao and Baidu smart applets, hoping to reverse this situation." At present, the daily activity of Baidu APP has reached 160 million, the average daily recommendation of information flow has exceeded 15 billion, and the number of Baijiahao content creators has exceeded 1.9 million.

　　In fact, ordinary netizens search for information in the hope of getting the most accurate and authoritative information, and it is best to present what they are looking for in the headlines of the search results. Therefore, Baidu’s argument that "the whole site accounts for less than 10%" can’t hide the fact that the search experience is weakened while avoiding talking about the search results "the proportion of top 100 pages".

　　"News" Changed to "Information" Baidu’s "Enclosure" Transformation

　　On the 25th, it was reported that Baidu fine-tuned the search engine and directly covered the website. The search results of information no longer included the website address, but used the name of the media instead. In other words, netizens can’t directly tell whether the search results are from websites or Baijia numbers. As commented in the cnBeta report: "The search result without the webpage address will make users need to open the link to see which website it comes from, which adds some inconvenience, as shown in the following figure, when searching for ‘ Huawei ’ When the keywords are used, it is completely unclear whether it is the content of the external site or the content stored in Baidu itself. "

　　Although the search weight of Baijiahao is improved due to "ranking by high-quality content", Baidu as a platform still cannot completely check, and there are problems of plagiarism and even mistakes in the media. For example, in 2018, the "acid-base physique theory scam" was exposed. When searching for the keyword "acid physique" with Baidu, the first five pages in the information column "sorted by focus" were all hundred-number content, and the article "Acid physique is the source of all diseases?" The most frightening health rumor in 2018 is transferred to the elderly at home. It is a self-media number named "Focus on Meteorological Information Tracking" and does not indicate the source of the article. According to the reporter’s search, this article is actually a manuscript published by WeChat WeChat official account of Health Times on January 15th. In other words, Baidu information ranked first in a manuscript copied from Health Times by the media. At the same time, the search ranked fifth, "Don’t want to have a son with acidic constitution, expectant mothers should bid farewell to these bad habits!" "I am still making a fuss about this fallacy.

　　Looking back on the whole incident, this should be inseparable from the transformation of Baidu’s content platform. In 2016, Baidu launched Baijia. In August 2018, the "Baidu News" column in Baidu search was quietly changed to "Baidu Information", and the search results also changed significantly, from the original presentation results based on portals and traditional media to the results based on hundreds of numbers. At that time, there was a self-media evaluation saying that "Baidu raised the weight of Baijiahao to the same position as traditional media. Baijiahao will grow rapidly and is likely to become the largest self-media platform. "

　　In July 2017, Baidu launched a new search APP "Simple Search", and Li Yanhong once introduced that "Simple Search will never put advertisements in search results". However, this refreshing search engine is only available in mobile phone. That is to say, in Baidu’s logic, PC users can only silently endure advertisements, a lot of self-media information and such consequences — — You think you’re logging in to the vast Internet, but it’s actually just Baidu’s desktop client.

　　In 2018, Baidu’s revenue exceeded 100 billion, and Li Yanhong announced a 24-word Baidu vision: to become the world’s top high-tech company that understands users best and can help people grow. In an open letter to the inside, he said, "When Baidu started in Zhongguancun 19 years ago, our goal was very clear, that is, to make a search engine that users really felt easy to use … …”

　　19 years have passed, and Baidu, which hopes to "know users best", has obviously deviated from its original heart.

　　The public knows that WeChat can only search for WeChat official account articles and Taobao can only search for Taobao goods, but the public doesn’t know that Baidu is almost the only one in Baidu.

　　Search engines should put public welfare and service in the first place.

　　In the relevant survey launched by Sina Technology, as of 15: 00 on January 30th, 14,917 people participated. In the question "What do you think of Baidu search?", a total of 38.63% people chose the positive evaluation of "very useful" and "easy to use". 38.99% people chose "difficult to use" and "very difficult to use". 49.61% of people said that "they will continue to use Baidu search". According to the survey, Baidu ranks first in the question of "which search engines do you usually use", accounting for 46.81%, followed by Google (19.13%), sogou (10.14%), 360(10.09%), Bing Bing(10.15%) and others (3.68%).

　　Users don’t just want to see Baidu’s own products, but want to enter the vast Chinese Internet space through Baidu search. No matter how unique a product is, it is not as colorful as it is, which is also the meaning of search engines. Because users have such expectations, Baidu’s "enclosure" adjustment will lead to the controversy of "public attributes".

　　So does the public expect too much from the search engine itself? Under the same keyword, the reporter looked up the "website" and "information" of Baidu search computer and the top ten articles of Baidu client, most of which were Baidu’s own products. In the top ten results of Bing Bing, the presentation of each website is relatively balanced. About one third of sogou search’s results are home-grown content, such as Sogou Encyclopedia, Sohu, sogou wise doctor and sogou Ask. Among the 360 search results, 360 Encyclopedia, Fast Information and secondary search, pictures, videos and good doctors are highly recommended. The results show that, besides Baidu, other search engines also tend to recommend their own content products. This will inevitably lead people who access information through these search engines to give priority to their own products, rather than fair recommendations based on "website PR value" or "effectiveness". Once these home information has low quality or even other problems, it is inevitable for the public to avoid it imperceptibly.

　　On January 2, the National Internet Information Office instructed the Beijing Internet Information Office to talk to the relevant person in charge of Baidu about the spread of vulgar information and serious damage to the ecology of online public opinion in some products and channels of Baidu, and ordered it to be rectified immediately and comprehensively. During the rectification period, Baidu Mobile Web Edition, Baidu News Client Recommended Channel, Baidu APP Woman Channel, Funny Channel and Emotional Channel were suspended for one week from 15: 00 on January 3rd. At that time, the relevant person in charge of Baidu said that it would strictly implement the interview requirements of the network information department, run the network according to law, earnestly fulfill the main responsibility, and strengthen the ecological governance of the network.

　　In response to this "Baidu" incident, the reporter interviewed industry experts.An expert who asked not to be named commented: "Why did Baidu do this? Is there a deeper reason? For example, in the PC era, search was Internet information navigation. Now, in the mobile APP era, search can’t be found, and major platforms do ‘ No. ’ , introduced the content into their respective ecosystems. In fact, Baidu has its helplessness. This helplessness began when he made Baijia and Xiongzhang. " Does the information barrier of each platform exist? The reporter searched for some original self-media content such as headline number, WeChat WeChat official account, Penguin number, UC Big Fish number, Netease number and Sohu number, and found that it was really difficult for Baidu search to find the original link smoothly. Fang Xingdong, the founder of Blog.com and the chairman of Internet Lab, expressed his views in the Global Times: In recent years, with the increasingly fierce competition among platforms with strong user groups and content production capacity such as WeChat, Weibo, Taobao, Today Headline and Tik Tok, we have observed a trend — — In order to maintain their dominant position in the market, various platforms are "painting the ground as a prison" one after another, guiding themselves within the platform, selectively shielding competitors, and rejecting the free crawling of third-party search engine content. This behavior is shaking the fundamental cornerstone of the Internet.

　　Lei Xia, an associate researcher at the Institute of Journalism and Communication of China Academy of Social Sciences, said that in the new media era, one of the most important ways for people to get information is through online search, and Baidu search is a search engine with high user dependence. Therefore, the sense of social responsibility is necessary and primary, and it is necessary to push accurate and worth pushing information to everyone. But what kind of information is accurate and worth pushing? First, the information itself has a strong certainty to avoid false information; Second, whether the imported number is 100 or not, it should be based on the recommendation of algorithm basis and user needs, rather than advertising import for profit purposes; Third, it is convenient and direct, instead of users screening a lot of relevant information; Fourth, search engines, in a sense, are equivalent to the entrance to the Internet, and cannot only push hundreds of numbers and cause traffic interception to other websites. When an enterprise is in the leading position in the industry, it must have greater social responsibility and responsibility.

　　Professor Cao Peixin, Ph.D. in Communication and Communication University of China, believes that this incident shows that Baidu, as an influential communication organization, overemphasizes economic attributes and ignores public attributes (such as truthfulness, objectivity and service) and political attributes (advocating honesty and trustworthiness). Therefore, we should reflect on how to continuously improve the management system and regulations of new media organizations such as Baidu, so as to urge them to better balance the relationship among the three attributes.

　　Huang Chuxin, director and researcher of the Journalism Research Office of the Institute of Journalism and Communication, China Academy of Social Sciences, said that based on the relationship between users and search engine service providers, since Baidu uses search engines to increase web page hits and earn high advertising fees, it is obliged to provide users with safer and more efficient search engine services; The content on Baijiahao lacks the supervision of gatekeepers, and a large number of false and harmful information is filled with it, which harms the interests of consumers. This will have two consequences. One is that the false and harmful information of Baijiahao will damage social order and hinder the construction of "clear and clear" cyberspace; On the other hand, it is also a kind of damage to Baidu’s image. In the network world, search engine is an important basic project of cultural exchange and communication, so public welfare and service should be put in the first place. Specifically speaking, there should be no "tendentiousness" in the process of users’ use, and factors involving their own commercial interests cannot make a splash in this process. Relevant departments should standardize and coordinate information collection, software development and search mechanism setting, and establish a universal, reasonable and standardized network information resource search system as soon as possible. It is understood that as early as 2002, the United States and European Union countries have promoted the fairness and objectivity of search engines in the form of industry norms and regulations, and formed a complete industry standard.

　　From the perspective of social management, if we only give priority to recommending self-media content to the public, it will affect the vocal effect of mainstream media. Some self-media organizations, represented by Baijiahao, are unable to correctly identify the authenticity of a news event due to the lack of good media literacy and lack of supervision, and its harm is obvious. In the long run, it will inevitably lead to the inefficiency or even ineffectiveness of mainstream public opinion guidance, reduce the credibility of the government, and weaken the guidance of mainstream media to public opinion. Due to the long-term lack of supervision from the government and enterprises, Baijiahao has been flooded with various chaos such as plagiarism from the media. On the one hand, this situation harms the economic interests of the original author, on the other hand, it encourages the unhealthy trend of plagiarism and manuscript washing, and discourages the creative enthusiasm of many original content producers.

　　Wang Sixin, deputy dean and professor of the School of Politics and Law, Communication University of China, said that for anyone who uses it, the search engine is an information window that leads him to knowledge, the unknown and the outside world, and it is an aggregation platform of information and values. As the largest search service provider in China, it is a legal obligation for service providers to let Internet users get accurate, objective, comprehensive and authoritative information services with the help of search services, and it is also a basic requirement put forward by the state, society and users. Search engines should pay more attention to their public service functions. If we introduce the "fat water" of search service into our own "one acre and three points" in various ways for our own personal gain, it has seriously deviated from the "avenue" that search service should take.

　　Secondly, the search service crawls, aggregates and classifies the information in cyberspace through its own technology, and then distributes it according to the needs of users. It is doomed that search service providers should treat the information products and content provided by any third party in cyberspace fairly and fairly in an objective manner. If the search service takes advantage of its own technology and platform, takes advantage of people’s trust in the search service, and takes advantage of its dominant position in the market to sell its own content directly or in disguise, it is equivalent to being both an athlete and a referee, which violates basic procedural justice.

　　Third, although the search service does not directly provide information services, it has a pre-existing and implicit decision on what kind of information users can access, and it is the guide and foundation for users to seek, accept and spread all kinds of information. In this case, the search service should meet the basic requirements of laws and ethics for information content, and stress political orientation and socialist core values. The search service makes the service a "private garden", which does not meet the basic requirements of the Network Security Law and the Regulations on the Administration of Internet Information Services.

　　The Regulations on the Administration of Internet Information Search Services issued by the National Internet Information Office clearly requires: "Internet information search service providers shall provide objective, fair and authoritative search results, and shall not harm national interests, public interests and the legitimate rights and interests of citizens, legal persons and other organizations".

　　General Secretary of the Supreme Leader said that interconnection is the essence of the Internet, cyberspace is the common spiritual home of hundreds of millions of people, and every participant has the obligation to make this spiritual home better. The practice of "adding a plug" to the search list damages people’s sense of happiness and gain in using the Internet, corrupts the atmosphere of cyberspace, and does not conform to the relevant provisions of national laws. Regulators, service providers and users should make concerted efforts to change this situation.

[car home Zhengzhou Preferential Promotion Channel] Recently, we learned from the local dealers in Zhengzhou that the high-profile models are carrying out preferential activities, and the highest preferential amount has reached an astonishing 160,000 yuan, which has reduced the minimum starting price to 294,900 yuan. This discount has attracted the attention of many consumers. If you are also interested in buying the BMW i4, you may wish to click "Check the car price" in the quotation form to get a higher discount.

The exterior design of BMW i4 reflects BMW’s latest family style. The front face adopts a closed kidney-shaped air intake grille with sharp LED headlights, creating a strong sense of the future. The body lines are smooth, showing a dynamic posture, and the overall style is fashionable and powerful.

BMW i4 has a slender body line, with a vehicle size of 4785*1852*1455 mm and a wheelbase of 2856 mm, showing a spacious interior space. The front wheel track is 1601 mm and the rear wheel track is 1630 mm, which provides excellent stability and handling performance for the vehicle. Equipped with tyre size with front 245/45 R18 and rear 255/45 R18, with exquisite rim design, the vehicle’s sense of dynamics and luxury is further enhanced.

The interior design of BMW i4 is full of scientific sense and luxury, and adopts modern and simple style, aiming at creating a comfortable and pleasant driving experience for drivers and passengers. The car is equipped with a 14.9-inch central control screen and precise voice recognition control system, which makes navigation, multimedia playback, telephone answering and air conditioning adjustment easy and convenient. The steering wheel is wrapped in high-grade leather, which feels delicate and has the function of manual adjustment up and down and back and forth, ensuring that drivers can find the most comfortable position in various driving postures. The front seats support heating function, providing a comfortable riding experience, while the driver’s seat is also equipped with electric seat memory function, which is convenient for the owner to save and recall personalized seat settings. The car is also equipped with multiple USB and Type-C interfaces and wireless charging function to meet the needs of modern drivers for charging electronic equipment. In addition, the rear seats can be laid down in proportion, which increases the flexibility of storage space. On the whole, the interior configuration of BMW i4 is rich and intimate, which shows the consistent pursuit of high quality of BMW brand.

BMW i4 is equipped with a high-performance electric engine, with a maximum power of 250kW and a maximum torque of 430N·m, which provides a strong power output and a smooth acceleration experience for the vehicle.

The owner of car home said that the configuration parameters of Series I’s 3, 5 and X3 are almost the same, only the shell has been changed, and I want to buy the I4 for the sake of personality. Of course, it is still imported, so there is no need to do such a thing as buying it home and deducting the label. The big nostrils are not mediocre at first glance. When I drive out, everyone guesses at 600,000. I’m sorry.

It is the first domestic pure electric vehicle developed by Mercedes-Benz brand in China market based on EVA pure electric platform. It is positioned as a medium and large luxury pure electric car and officially listed on August 24th, 2022. In addition to selling points such as long battery life, luxurious interior and pioneer appearance, Mercedes-Benz EQE also provides L2-level intelligent driver assistance system, which brings users a safer, more convenient and more comfortable driving experience. This paper will introduce in detail the composition, function and implementation of the intelligent driver assistance system of Mercedes-Benz EQE, and compare it with competing products of the same level.

Mercedes-Benz EQE provides 23 sensors related to the intelligent driver assistance system, including:

A long-distance millimeter-wave radar: located in the center of the front bumper, it can detect vehicles, pedestrians and obstacles within 200 meters ahead, and is used to realize adaptive cruise, automatic emergency braking and other functions.

Four corner radars: located on both sides of the front and rear bumpers, which can detect targets within 60 meters around the vehicle, and are used for blind spot monitoring, lane keeping, lane change assistance and other functions.

12 parking ultrasonic radars: distributed on the front and rear bumpers, which can detect obstacles within 1.5 meters around the vehicle, and are used to realize parking radar, automatic parking and other functions.

A front binocular stereo multifunctional camera: located above the windshield, it can capture the image information of the road environment ahead, and is used to realize the functions of road traffic sign recognition, intelligent far and near light control, pedestrian detection and so on.

Four 360 parking cameras: located under the front grille, the rear tailgate and the rearview mirrors on both sides respectively, which can splice panoramic images around the vehicle for realizing 360 panoramic images, AR real-life traversing navigation and other functions.

1 in-car viewing angle camera: located above the dashboard, it can monitor the driver’s attention state and be used to realize the functions of ATTENTION ASSIST.

These sensors are connected with multiple electronic control units (ECU) through high-speed buses, such as:

Driver assistance system control unit (DASCU): It is responsible for processing data from radar and camera, and outputting corresponding control signals to other ECU or actuators, such as brake system, steering system and engine management system.

Parking Assist System Control Unit (PASCU): It is responsible for processing data from ultrasonic radar and camera, and outputting corresponding control signals to other ECU or actuators, such as brake system and steering system.

Dashboard display unit (ICDU): It is responsible for displaying information and tips from DASCU and PASCU, such as navigation arrows, traffic signs and early warning icons.

Central display unit (CDU): It is responsible for displaying information and tips from DASCU and PASCU, such as panoramic images, vehicle status, system settings, etc.

The schematic diagram of the intelligent driver assistance system of Mercedes EQE is as follows:

Mercedes-Benz EQE’s intelligent driver assistance system provides many functions, which can be divided into two categories: driving assistance and parking assistance, as follows:

Adaptive Cruise (ACC): It can automatically adjust the vehicle speed according to the set speed and distance, and keep a safe distance from the vehicle ahead. At the same time, it can automatically adjust the vehicle speed according to navigation information, traffic signs and road conditions, such as in corners, intersections, toll stations and other scenes.

ACCA: On the basis of ACC, it can automatically identify and follow the vehicles driving in the same direction ahead according to the navigation information, and realize partial automatic driving on expressways or urban expressways.

Lane keeping (LKA): The lane line on the road can be identified by the camera, and the vehicle can be kept in the current lane through steering intervention. At the same time, it can automatically switch to the correct lane at the right time according to the navigation information.

Lane change assist (LCA): When ACC and LKA are turned on, the lane change assist function can be activated by the turn signal, and the system will detect whether the target lane has enough space and safe distance, and help the vehicle to complete the lane change action through steering intervention.

Blind spot monitoring (BSD): Blind spots at the rear and side can be detected by angle radar, and corresponding warning lights can be displayed on the rearview mirror. If a car is detected and the driver turns on the turn signal, the system will give an audible warning and increase the steering resistance to remind the driver of the danger.

Automatic emergency braking (AEB): Vehicles, pedestrians and obstacles in front can be detected by radar and camera, and visual and sound warnings can be given successively according to the collision risk, and the braking force is increased. If the driver fails to respond in time, the system will automatically start the maximum braking force to avoid or mitigate the collision as much as possible.

Road traffic sign recognition (TSR): Speed limit signs, prohibition signs, warning signs, etc. on the road can be recognized by the camera and displayed on the dashboard.

Manual transmission and automatic transmission: the game between driving pleasure and practicality

Today in 2024, with the continuous progress of automobile technology and the change of consumer preferences, the choice between manual transmission and automatic transmission has become the first important decision faced by many prospective drivers. This choice is not only related to the learning of driving skills, but also to the expectation and adaptation of future car use scenarios.

From the data point of view, the global market share of manual transmission models is declining year by year. In China, in 2020, manual transmission still occupied 10.7% of the market share, but by 2021 it had dropped to 7.2%, and now it is less than 4%. The market share of manual transmission models in the United States and Japan is only 1% and 2% respectively. This trend reflects that with the intensification of urban traffic congestion and consumers’ pursuit of driving convenience, automatic transmission models are more popular because of their simple operation and easy to use.

Manual gear:

Advantages: high speed, good hand feeling, fuel saving, low maintenance cost and relatively cheap car price. For those who love driving, manual gear provides more driving pleasure and participation, and can shift gears according to the speed and engine sound in time to realize the driving experience of people and vehicles.

Disadvantages: In the urban congestion environment, frequent operation of clutch, gear, throttle and brake not only increases the driver’s physical burden, but also reduces the driving efficiency. For beginners, the learning cost of manual gear is high, and it may be more likely to cause tension and psychological pressure in urban driving.

Automatic gear:

Advantages: simple operation, especially suitable for driving in urban congestion environment, reducing the physical burden and psychological pressure of drivers. For novices, automatic transmission models are easier to use and reduce driving difficulty.

Disadvantages: Compared with manual transmission, automatic transmission models may have higher fuel consumption and maintenance costs, and may lack driving pleasure in some cases. Some drivers may feel that the throttle response of automatic transmission is too tight, which is not as light as manual transmission.

From the practical point of view, automatic transmission models are undoubtedly the mainstream choice in the current market. With the intensification of urban traffic congestion and the acceleration of people’s life rhythm, the convenience and comfort provided by automatic transmission models are more in line with the needs of modern consumers. However, from the perspective of driving pleasure and skill improvement, manual transmission models still have irreplaceable value. For those who love driving and pursue the experience of integrating people and vehicles, manual transmission models provide more possibilities and challenges.

The existence of manual transmission models is also of certain significance to the diversity of automobile technology and market competition. Although automatic transmission technologies such as dual clutch are developing continuously, manual transmission models still maintain a certain market share in some specific fields and consumer groups. This is not only the inheritance of traditional driving skills, but also the respect for the diversity of automobile technology.

To sum up, the choice of manual transmission and automatic transmission should be decided according to the individual’s driving needs, skill level and preference. For those who pursue driving pleasure, like challenges and sense of control, manual transmission is undoubtedly a better choice. For those who pay attention to driving convenience, comfort and efficiency, automatic transmission models are more suitable. In the future, with the continuous progress of automobile technology and the change of consumer preferences, the game between manual transmission and automatic transmission will continue to exist, and each will occupy a place in the market. Therefore, whether you choose manual transmission or automatic transmission, you should make a wise decision based on your actual situation and needs.

Lin Jiaxin (right) and Ku Kui Kei went to Guangzhou to interact with the audience.

　　(Reporter Wang Zhenguo/Wen Wangweixuan/Photo) The comedy "Love Call Transfer 2", which will be released on the 28th of this month, was held in Guangzhou the night before. Director Zhang Jianya and starring Lin Jiaxin and Ku Kui Kei were present to interact with the audience. However, Lin Jiaxin and Ku Kui Kei lacked tacit understanding.

　　Ku Kui Kei:

　　Chasing girls is singing in her ear.

　　Nie Bing, a girl played by Lin Jiaxin in Love Call Transfer 2, won 12 dating opportunities given to her by angels, and then met 12 men of different types and occupations, among whom Ku Kui Kei played an insurance salesman. At the press conference held on the evening of 17th, Ku Kui Kei blew herself up about her early love, saying that she had also used the girl-chasing bridge like "singing in her girlfriend’s ear" in the film: "I didn’t enter the business at that time, so I sang the songs of my predecessors. At that time, it was at the seaside in Tsim Sha Tsui, Hong Kong. Wow, now I think it is very romantic. She is in my arms and my ear is on my mouth. I will sing it to her. "

　　However, when Ku Kui Kei was filming, he was busy promoting the music album, so he only spent 40 hours in the group shooting, and he didn’t know some key plots in the film. On the evening of 17th, when he was asked the question "What dish did the insurance salesman do that touched Nie Bing", Ku Kui Kei was embarrassed, and answered three answers "Mom’s rice", "Mom’s food" and "Mom’s shrimp" in succession, but Lin Jiaxin, who knew the answer, just smiled at the side without any tacit help. Director Zhang Jianya quickly cleared the way: "This is not his fault, filming the scene of Lin Jiaxin eating food.

　　Lin Jiaxin:

　　You can’t accept sibling love in your life.

　　Love Call Transfer 2 is Lin Jiaxin’s first mainland film, and it is also a comedy route that she seldom tries. Lin Jiaxin said that she played this role in a "silly girl" way: "I really seldom try comedy, but I know that I have to catch a few points-Pisces, a girl who is about to turn 30, and a TV presenter, so I think I should catch’ silly’ because girls’ stupidity is very cute. I don’t want to pretend to know comedy very well. I hope to perform the role of Nie Bing with silly feelings. "

　　When it comes to the actor who feels the best in the film, Lin Jiaxin didn’t say it was Ku Kui Kei who was standing by, but Huang Lei who played the painter in the film, but she didn’t forget to add: "Of course, it feels good with Ku Kui Kei." Later, Lin Jiaxin explained, "Some people can’t establish too many tacit understandings because the shooting time for each of them is only two or three days.". What impressed me more was Huang Lei. There was a scene where I broke up with Huang Lei. He was crying, and I was suddenly tempted. I was infected in an instant and wanted to hurt him. "

　　I talked about 12 boyfriends in the movie. What kind of boyfriends does Lin Jiaxin like in life? Lin Jiaxin said, "I can’t accept sibling love, and I prefer mature men. The teacher Fan Wei in the film is not bad, very cute, and her eyes are always smiling, so she has no trouble with him. In real life, I will choose mature and humorous people. "

　　Reporters watch movies:

　　Audience favorite

　　Fan Wei is funny.

　　At present, Fan Wei, Huang Lei and Deng Chao are the three leading actors in Love Call Transfer 2. Talking about the comparison of the length of the actor’s scenes in future films, director Zhang Jianya said: "The film was three hours long when it was roughly cut, and many good scenes were cut off due to the limitation of the film length."

　　According to the reporter’s statistics, among the films, Fan Wei took on the most funny lines, and his performance also got the most laughter. He plays Fan Zhongju in the film. He owns a huge sum of money and a famous car. He is a veritable tycoon. Based on the life principle of "a vast sea of people, weeds everywhere, why not look for flowers", he has a crush on Lin Jiaxin. When Lin Jiaxin said that he liked Prince Charming, Fan Wei looked embarrassed: "That’s bad, they all call me a dark horse fat man."

　　Alec Su, an idol student, also performed brilliantly. He played an almost crazy draft player in this film. He participated in all kinds of draft programs, including "Good Man", "Fast Man", "Real Man" and "Handsome Man", in order to show a small face in front of the camera, and he also paid bribes to all kinds of people in the cast for the sole purpose of being famous. In the film, Alec Su not only boasts the "Xu Wenqiang" of Shanghai Beach, but also sticks his head out of the sky window affectionately in Lin Jiaxin’s car, waving to the roadside frequently and shouting "Hello friends at the top of the mountain". Before the words are finished, a garbage bag blows and sticks it on Alec Su’s face.

　　(Wang Zhenguo)

Editor: Zhang Renhe

　　How about [car home New Car Illustration]? Can’t squeeze in! Many people want to take advantage of the 2024 Chengdu Auto Show to visit the Tucki booth (|), but in the end they failed, because there are too many people watching the car. It seems that this time, Tucki can stand tall on the sales list by MONA M03, which is no exaggeration, because we squeezed into the car show at the auto show and really felt it, and its competitiveness is really good. Next, let’s talk about the real picture, so that everyone can feel its murderous look through the screen.

　　As a brand-new compact car owned by Tucki, Tucki MONA M03 was officially launched a few days ago (August 27th). Let’s take a look at what happened after that. First, it was listed for 52 minutes, and it was definitely over 10,000 units, and then it was over 30,000 units in 48 hours. Then, at the press conference of Chengdu Auto Show today, MONA M03 held a delivery ceremony by the way, which competitor didn’t tremble at this speed!

　　It’s time to formally introduce Tucki MONA M03, with a price range of 119.8-155.8 million yuan. At present, there are three models in the whole department. Combined with pricing, MONA M03 is a pure electric compact car, and its rivals are mainly BYD Qin PLUS EV and AION S MAX. With the price and configuration table, we also give the purchase suggestion (portal), and the price/performance ratio is really quite good. Next, it’s time to take a good look at this car!

　　In terms of appearance design, the first attraction is Tucki MONA M03′ s low posture, with sharp body line modeling, the effect is dynamic enough. The body of MONA M03 in Tucki adopts the golden ratio design of sports coupe, and has excellent drag coefficient of 0.194Cd, which can improve the battery life by 60km.

　　The T-shaped headlight group makes this car have a good recognition. There are 300 LED bulbs built in, which can scatter the light to more angles and the longest irradiation distance is 150 meters. There is Gankun in the trapezoidal air inlet shape of the front face, and it is equipped with an active air intake grille (AGS), which can be intelligently adjusted according to the vehicle speed. When it is opened, it can enhance the heat dissipation of the motor, and when it is closed, it can reduce the drag coefficient. More importantly, it is standard in all departments!

　　Tucki MONA M03 offers five exterior car colors, including Xinghanmi and cool dark black, as well as Xingyao Blue, Xingyun White and Xingque Grey, each of which is unique. The interior color matching draws inspiration from the sky color, and there are three colors available: morning fog gray, noon blue and night gray.

　　From the side of the car body, it adopts a back-walking style, and the fashion sense of the wheel rim with a new style has been greatly improved. The concealed door handle not only enhances the sporty atmosphere, but also brings better aerodynamic performance. In terms of body size, the length, width and height of the new car are 4780/1896/1445mm and the wheelbase is 2815mm respectively.

　　The most interesting thing about the tail is the design of the hatchback, and the overall visual effect is very smooth. The taillights also adopt the T-shaped design, which makes the tail end echo, and the duckling tail slightly upturned makes the tail end look more dynamic.

　　There are two styles of rims to choose from. The 19-inch sports rim is full of strength, but compared with the 18-inch low-drag tire, it obviously sacrifices some energy consumption. According to the data of official website, the official cruising range of 515 is 515km, the cruising range is 485km with 19-inch wheels, the cruising range of 620 is 585km with optional wheels, and the cruising range of 580 Max is 550km with optional wheels. The endurance loss rate is around 6%. The specific energy consumption performance can be paid attention to our follow-up measured column, and we will test it as soon as possible.

[car home Fuzhou Preferential Promotion Channel] Recently, a wave of price reduction promotion activities was launched in Fuzhou market, with the highest preferential amount reaching 45,000 yuan, which reduced the minimum starting price of this luxury medium-sized car to 204,900 yuan, bringing unprecedented car purchase concessions to consumers. If you want to know more about the discount, please click "Check the car price" in the quotation form to get a higher discount.

The front face design of FAW-Volkswagen CC adopts a family-style design language, and the air intake grille is decorated with large areas of chrome. The overall style is very atmospheric and dynamic, which perfectly combines the elements of elegance and movement.

FAW-Volkswagen CC has slender and smooth body lines, with a vehicle size of 4865*1870*1459 mm and a wheelbase of 2841 mm, which provides spacious and comfortable seating space for passengers in the car. The front and rear wheel tracks are 1586 mm and 1572 mm respectively, which ensures the stability and handling of the vehicle. With 18-inch aluminum alloy wheels, tyre size with 245/45 R18 is adopted, which not only enhances the sense of movement of the vehicle, but also enhances the grip and driving experience.

The interior style of FAW-Volkswagen CC is dominated by luxury and technology, and the entire cockpit is made of a large number of high-quality materials, so that drivers can feel luxury while enjoying comfort. The steering wheel is made of leather, which feels excellent. At the same time, it supports manual adjustment up and down and back and forth, which can meet the individual needs of different drivers. The central control screen is equipped with a 9.2-inch touch screen, which can realize voice recognition control of multimedia system, navigation, telephone and air conditioner, and bring convenient operation experience to drivers. The seat material is a mix of leather and Alcantara, which not only retains the luxury of leather, but also increases the sense of movement of Alcantara. The main and auxiliary seats all support front and rear adjustment, backrest adjustment, height adjustment and lumbar support adjustment, which fully meet the needs of drivers of different sizes. The front seats are also equipped with heating function to keep drivers warm in cold weather. The rear seats are designed in proportion, which can flexibly adjust the space layout according to the needs.

FAW-Volkswagen CC is equipped with a 2.0T L4 engine, which can output the maximum power of 186 HP and provide the maximum torque of 320 Nm when the engine speed reaches 1,500-4,400 rpm. Equipped with a 7-speed wet dual-clutch gearbox, it can quickly respond to the driver’s needs and provide stable power transmission.

He spoke highly of the driving experience of FAW-Volkswagen CC. He praised the powerful horsepower of the 2.0T engine and the proper training of the gearbox. CC can flexibly cope with both urban roads and overtaking acceleration. A variety of driving modes can be switched freely, and the front and rear independent suspensions bring a comfortable riding experience, while the solid materials of the chassis make the body follow-up better. On the whole, FAW-Volkswagen CC is undoubtedly a car with excellent driving experience.

　　On September 7th, Guangdong-Hong Kong-Macao Greater Bay Area workers celebrated the 70th anniversary of the founding of People’s Republic of China (PRC) and the 20th anniversary of the establishment of the Macao Special Administrative Region. The performance was jointly sponsored by Guangdong Federation of Trade Unions, Hong Kong Federation of Trade Unions and Macau Federation of Trade Unions. The picture shows the audience waving a five-star red flag and singing My People，My Country. China News Service reporter Chen Yushe

　　When Chen Zhuoxi, the principal of Hong Kong Professional Continuing Education School, was young, there were not many opportunities to see the five-star red flag. As a primary school student, he made a small five-star red flag with a small wooden stick and raised it at home in Hong Kong. "I was born in a family that loves China and Hong Kong, and I was greatly influenced by my parents." Chen Zhuoxi told reporters.

　　My parents left a commemorative medallion for the founding of New China, which Chen Zhuoxi keeps to this day. "At that time, my parents were still young people. They bought this medal specially, so I can imagine the happy mood at that time." Since Hong Kong returned to the motherland in 1997, the five-star red flag has been flying in the wind on Hong Kong Island.

　　In 1999, Cui Shiping, chairman of the Macao Chinese Cultural Exchange Association, who was studying in Tsinghua University, took the urban planning and development of Macao as the topic of his doctoral thesis, and the relevant suggestions were adopted by the Macao SAR government. "Before the reunification, Macao’s economic development and public security situation were not ideal. After the reunification, Macao residents participated in the construction with the attitude of being masters and devoted themselves to development. " He told reporters.

　　The 70 years of New China are 70 years of rapid development, and 70 years of joint efforts by compatriots from Hong Kong and Macao and the motherland.

　　Feel the great changes personally

　　Chen Zhuoxi’s hometown is in Nanhai, Guangdong Province. When he was young, he went to the mainland for an exchange visit. Sitting on the train from Shenzhen to Guangzhou, he saw picturesque mountains and rivers outside the window, and the construction of the motherland advanced by leaps and bounds more than a few years ago. The car broadcast is playing "Singing the Motherland", and the bright melody falls on Chen Zhuoxi’s heart. "There is a very kind feeling of going home."

　　"Hong Kong people have counted up to three generations, and many of them have come from the mainland." Chen Yong, vice chairman of the Hong Kong Democratic Alliance for Betterment of Hong Kong (DAB), told the reporter that his father was a returned overseas Chinese, his mother was a native of Henan Province, and he was born in the Mainland. When growing up, Chen Yong, who went back to the mainland to visit relatives with his family many times, witnessed the rapid changes in the motherland. "Every time I go back, I will find that the impression of my hometown and childhood has changed a lot, and infrastructure construction has mushroomed. Many aspects of development were unimaginable before." Chen Yong said.

　　Yu Guochun, the chairman of Hong Kong Yuhua Domestic Department Store Co., Ltd., was born in 1951 and is known as the "king of domestic products". Sixty years ago, his father was invited to Beijing to participate in the 10th anniversary of the National Day. It was in that year that his father founded Yuhua Chinese products, which means "rich China". Yu Guochun told reporters that his father hopes to sell China’s high-quality products overseas through Hong Kong, and at the same time, open up the country’s foreign trade channels and increase foreign exchange income. "When Yuhua first opened in 1959, it only sold a few hundred kinds of goods. Today, we have sold hundreds of thousands of high-quality domestic products. " Yu Guochun said, "Our domestic products have benefited from the development of the motherland, especially the reform and opening up and the return of Hong Kong. I am honored to be a witness and participant and personally feel the great changes. "

　　Liang Weite, Financial Secretary of the Macao SAR Government, told reporters that Macao’s development achievements today also benefited from the country’s reform and opening up, especially after Macao’s return to the motherland, under the advantage of "one country, two systems", with the strong support of the state and the concerted efforts of all walks of life in Macao, Macao has undergone earth-shaking changes.

　　Better integrate into the mainland

　　In 1996, Hong Kong businessman Feng Guoyou shifted his career focus to the mainland. At that time, Hong Kong had not yet returned to China, and some Hong Kong businessmen lacked confidence in developing their businesses in the Mainland. Feng Guoyou hopes to tell Hong Kong compatriots the real situation in the Mainland through personal experience and attract more Hong Kong businessmen to develop in the Mainland.

　　With the return of Hong Kong to the embrace of the motherland, more and more Hong Kong people go to the Mainland to show their talents. Feng Guoyou, a veteran "North drifter", established the Hong Kong Professionals (Beijing) Association in 2011 to help Hong Kong people better integrate into the Mainland. At the beginning, there were only 30 or 50 small teams, but now there are 1300 members, covering many industries and highlighting the characteristics of youth, innovation and technology.

　　Borong Wang, chairman of the Youth Affairs Committee of the Association, said: "In recent years, the state has launched many measures to help Hong Kong people integrate into the overall development. For example, it is very positive to cancel the employment permit of Taiwan, Hong Kong and Macao personnel in the Mainland and implement the residence permit system for Hong Kong, Macao and Taiwan residents. "

　　Chen Zhuoxi said that about a quarter of the students in Hong Kong professional continuing education schools go to the Mainland for exchanges and internships every year. "Many students go to the mainland, not only to visit schools, enterprises or scenic spots, but also to visit mainland students’ homes and take the initiative to invite mainland students to Hong Kong. This two-way communication has enabled students to build deep feelings, and Hong Kong students have a deeper and more comprehensive understanding of the Mainland. "

　　Chen Zhuoxi said that today, with the increasingly close ties between Hong Kong and the Mainland, I hope that young people in Hong Kong will conform to the trend of the times and take the initiative to integrate into the overall situation of national development.

　　In Chen Yong’s view, since the 18th CPC National Congress, the Belt and Road Initiative and the construction of Guangdong-Hong Kong-Macao Greater Bay Area have created precious opportunities for Hong Kong to take off again, and Hong Kong should seize the opportunity to accelerate its development. "I hope that the country will introduce more development achievements in all aspects to Hong Kong, so that Hong Kong can better integrate into national development and continue to maintain prosperity."

　　Highlight institutional advantages

　　Chen Yong said that after Hong Kong’s return to the motherland, it shared the huge dividends of national development, which included the benefits of "one country" and the convenience of "two systems". Backed by the motherland, Hong Kong can play the role of a "super contact" through the Belt and Road Initiative and the construction of Greater Bay Area, and hopes to become a "super partner" and a "super participant".

　　Yu Guochun said that the state recently announced its support for Shenzhen’s construction of the Socialism with Chinese characteristics Pilot Demonstration Zone, which is of great benefit to Hong Kong, and is conducive to further promoting the construction of Guangdong-Hong Kong-Macao Greater Bay Area and promoting Hong Kong’s long-term development and prosperity and stability.

　　This year marks the 20th anniversary of Macao’s return to the motherland, and it is also the year when the Outline of Guangdong-Hong Kong-Macao Greater Bay Area Development Plan was promulgated. Liang Weite said that the country has now given Macao a clear positioning: a world tourism and leisure center and a service platform for business cooperation between China and Portuguese-speaking countries. This is also an important entry point for Macao to serve the country and give full play to its own strengths. The construction of Guangdong-Hong Kong-Macao Greater Bay Area is an important historical opportunity to promote the moderate and diversified development of Macao’s economy.

　　Xiao Zhiwei, president of the Macao Development Strategy Research Center, told reporters that Guangdong-Hong Kong-Macao Greater Bay Area has been written into the government work report for three consecutive years, reflecting that Greater Bay Area has been highly valued and concerned at the national level. "Greater Bay Area construction can promote ‘ One country, two systems ’ New practice has formed a new pattern of comprehensive opening up. " Xiao Zhiwei is full of expectation and confidence for the future development of Macao in the new era.

　　Cui Shiping believes that before the reunification, Macao actively cultivated people’s patriotic feelings and accumulated economic and social foundations. After the reunification, the strong vitality of "one country, two systems" has been demonstrated by meeting the needs of the country and giving full play to Macao’s strengths. He said that since the founding of New China 70 years ago, earth-shaking changes have taken place, and Macao people have become more and more patriotic and United. "Home and everything. If the country is good, Macao will be better. "

Recently, heavy news came out in the market. Legend Rui Holding Group is considering splitting its automobile business and listing it in Hong Kong, with an estimated market value of about 50 billion yuan. This dynamic has not only brought a new turn for Chery’s listing, but also aroused widespread concern in the entire automobile industry.

As one of the few automobile group companies in China that have not yet landed in the capital market, Chery’s listing process can be described as twists and turns. Then, can this spin-off listing become a key leap for Chery to realize its dream of listing?

The road to listing is full of twists and turns

Since its establishment in 1997, Chery Holding Co., Ltd. has developed from a single automobile manufacturer into a comprehensive enterprise covering automobile, finance, real estate, service, intelligence and parts manufacturing, and its business footprint covers more than 80 countries and regions around the world. However, despite remarkable achievements in business scale and market share, Chery’s road to listing is extremely difficult.

Chery automobile has been preparing for the IPO for nearly 20 years since the listing plan was first announced in 2004. At that time, Anhui Province actively promoted the listing of Chery and implemented the share reform. However, despite its outstanding performance, Chery’s initial listing attempt finally failed due to factors such as unclear equity relationship with SAIC.

Around 2006, JAC was in trouble. As the two major automobile manufacturers in Anhui Province, it was once reported in the market that Chery and JAC might merge and go public and cross-hold shares, which brought JAC the hope of getting out of trouble. But unfortunately, Chery failed to be the savior of Jianghuai. With the approval of Jianghuai car project, it successfully saved itself, and the rumors of merger with Chery also vanished.

Since then, Chery has repeatedly suffered setbacks on the road to listing. In 2015, Chery Huiyin, its joint venture company, failed to hit Hong Kong stocks and A shares. In 2016, Chery New Energy tried to achieve "backdoor listing" through conch profiles, but it also failed to do so. As an old-fashioned independent brand car company, Chery’s repeated failures are undoubtedly regrettable. However, Chery has not given up, but has been actively preparing for listing.

In 2020, Chery introduced Qingdao Wudaokou Capital; In 2022, Luxshare became a new strategic investor of Chery. According to the latest plan, Chery plans to complete the A-share IPO by 2025. Two years ago, Yin Tongyue, Party Secretary and Chairman of Chery Holding Company, made it clear that in order to broaden the financing channels, it was hoped that Chery Automobile could successfully go public before 2025, so as to promote the company’s new round of transformation.

The main purpose of enterprise listing is financing. Chery’s capital demand has always been well known to the industry. Yin Tongyue once admitted that Chery’s early capital investment was limited, and it has not been listed, and it has not issued bonds in the capital market in recent years. Therefore, in the process of rapid development, Chery’s capital demand mainly depends on bank financing. Landing in the capital market will not only help Chery to establish a long-term capital replenishment channel, but also activate its equity incentive mechanism. From the initial listing plan in 2004 to the completion of the capital increase and share expansion project in 2019, Chery’s listing road has been tried many times, but it failed for various reasons. Now, with the news of the spin-off and listing of the automobile business, Chery has once again taken a solid step towards the capital market.

Multiple considerations behind the valuation of 50 billion yuan

As early as the end of last year, there were rumors that Chery Automobile was preparing to go public this year, and the listing place was initially designated as the mainland, with a valuation as high as 150 billion yuan. However, the valuation of this IPO in Hong Kong has been adjusted to 50 billion yuan, which is significantly reduced compared with previous rumors. Behind this change, there are multiple factors such as the uncertainty of the global automobile market, the fierce competition of the new energy automobile industry and the fluctuation of the Hong Kong stock market.

Under the background of global supply chain bottleneck, rising raw material prices and increasingly fierce market competition, the profitability of auto companies is facing severe challenges, and investors are becoming more cautious about the valuation expectations of auto companies. At the same time, the competition in the new energy automobile industry is becoming more and more fierce, which makes investors conservative about the future growth potential of Chery Automobile. In addition, the overall poor performance of the Hong Kong stock market, especially the fluctuations in technology stocks and new energy vehicles, also affected Chery’s valuation.

Nevertheless, the spin-off listing is still of great significance to Chery. Through direct financing in the capital market, Chery can obtain more funds for R&D and market expansion, especially in frontier areas such as new energy vehicles and smart driving. At the same time, listing will also help attract strategic investors and partners and inject more resources and support into the company’s long-term development.

In order to have a deeper understanding of the prospect of Chery’s spin-off and listing, "Auto Talk" interviewed a number of industry experts and analysts. They generally believe that the spin-off and listing will help Chery to focus more on the main automobile industry and improve its operational efficiency and market competitiveness. Through listing, Chery can more clearly define the strategic objectives and market positioning of the automobile business, and optimize the resource allocation and management system.

However, some analysts have warned that Chery needs to pay close attention to the changes in the market environment and competitive situation, and formulate practical strategic planning and marketing strategies. In addition, before the spin-off, Chery needs to strengthen its internal management and enhance its brand image to ensure the long-term and stable development of the company.

According to Yin Tongyue, chairman of Chery Holding Group Co., Ltd., Chery will be split and listed in the future, and will be laid out in many fields such as new energy, artificial intelligence, mobile travel service and core components. Through the spin-off, Chery can build a multi-sector listed company cluster, realize the diversification and coordinated development of its business, and thus enhance its overall competitiveness and anti-risk ability.

Generally speaking, the news that Chery intends to spin off its auto business and go public has brought new hopes and opportunities for the company’s future development. Despite many challenges and uncertainties, Chery has not given up its dream of going public. Through the spin-off, Chery is expected to improve the efficiency of capital operation and financing ability, focus on the main automobile industry and enhance brand value and market competitiveness, conform to the development trend of the automobile industry and seize market opportunities.