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1905 movie network feature　 The movie is already the second collaboration between Yang Mi and Huo Jianhua. The last collaboration can be traced back to "Legend of Immortal Sword and Fairy Hero III" 8 years ago. When the old partner collaborates again, the state will naturally be smoother than the first cooperation. Of course, the more familiar you are, the less "mutual black". Before the interview, Xiao Dianjun first felt the "mutual black" competition between the two at the press conference. As soon as he took the stage, Huo Jianhua complained in the "real and fake Yang Mi" segment that the real Yang Mi was "too bad in shape"; when it came to the selfie session, Yang Mi "black" Huo Jianhua was a "veteran cadre" and "can’t use high technology (selfie stick) ".

　

The whole press conference became a "mutual confrontation" show between the two old friends in front of the media. Of course, this "black" did not end because of this, and from the beginning of the interview, the two began to "complain" to each other. Because the last interview ended early, before the interview, the staff came to greet the reporter first, and the two artists may come in later. Unexpectedly, Yang Mi came in soon and started to "complain" to the reporter that Huo Jianhua was too slow and had to touch up his makeup, which was really troublesome.

　

During the entire interview, Yang Mi and Huo Jianhua joked with each other from time to time, making the half-hour interview seem to be only ten minutes long. Sitting next to the two of you, I just want to say that your beloved Sister Mi has really good skin, and "veteran cadre" Hua’s eyelashes are really long!

　

Serious Face: Everyone works hard to make movies

　

In "Rescue Against Time," the characters of the two old partners in the film are not friendly. Yang Mi plays a single mother working in a research institute. In order to save her son kidnapped by Huo Jianhua, she keeps taking risks to use unfinished technology to return to the past, and finally has to fight against three selves who mutate in time travel.

　

For Yang Mi, the biggest challenge this time is to play the same person in three different situations in the movie. "At most, she has three people at the same time, and the three personalities are reversed. Although I am not asked to play three people at the same time in one day, you have to distinguish them clearly. Even if they are only one hour and 50 minutes apart, they experience different things at each stage."

　

"I personally like the last one (look)." When asked about the comparison between the three in the play and reality, Yang Mi would immediately respond, "It must be the most timid and the cutest one (the one closest to his personality in life)."

　

And Huo Jianhua plays a bad guy who wants to seize research materials from the research institute and kidnap the single mother’s child as a hostage. This is his first time playing a villain on the big screen, and the whole play has a lot of action scenes waiting for him to complete. "It’s also a challenging thing for me to keep my health and not get hurt." Plus this is a soft sci-fi movie, which also satisfies his desire to try different feelings.

Stills from the movie "Reverse Time Rescue"

Although the two joked with each other throughout the interview, they became serious when talking about the action scenes in the movie, praising each other as "desperately Saburo", and both chose to fight in person and punch to the flesh.

　

In the film, there is a chase scene that takes place in an abandoned building, which mainly shows the characters fighting wits and bravery. When Yang Mi talks about this scene, he immediately put away his joking expression for a second, "When filming that action scene, I think the most difficult thing is to climb the railing, it is three or four floors high, seven or eight meters high, and Huo Jianhua is not wearing Weiya. The two of us are chasing and climbing on the railing, and I have to kick him. So I think everyone is working very hard and working very hard to complete it."

Huo Jianhua did physical training for the movie in the early stage

The excellent action scenes of the two also made the producer Jackie Chan take the initiative to send Weibo to cheer on Yang Mi, praising her for really growing up. In fact, in the early stage of filming, they also made a lot of preparations. Huo Jianhua usually keeps exercising, but because the character himself has a background in special forces retirement this time, he also did some more professional training such as guns and fighting. For Yang Mi, who plays a scientific worker in the movie, in addition to doing more training in physical fitness, he will also let himself "try to find the state of a scientific worker".

The next page: Two people blackmail each other and break the news

In April, when listed car companies handed in their performance reports, Avita Technology, a new car manufacturer that has not yet been listed, became a dark horse that stood out.

On April 29, Changan Automobile (000625.SZ) released its 2022 quarterly report. The net profit attributable to shareholders of listed companies in the first quarter was 4.536 billion, an increase of 431% year-on-year. Changan Automobile’s net profit in the first quarter came from the sharp increase in ROI for Avita Technology. The announcement said that Avita Technology contributed 2.13 billion yuan to Changan Automobile’s net profit in the first quarter, accounting for nearly 50% of the entire Changan Automobile’s net profit in the first quarter. For the whole year of 2021, Changan Automobile’s net profit was 3.552 billion yuan.

As a rookie car manufacturer whose first model has not been officially released, Avita’s growth rate can be described as surprising to the market. On April 28, Avita announced that its latest valuation has increased to 6.26 billion yuan, which is the second time that Avita has disclosed its valuation to the market after disclosing 788.20 million yuan (based on the income method, the evaluation benchmark date is December 31, 2020) when it was first publicly listed on November 5, 2021. That is to say, in just over a year, Avita’s valuation has achieved a high-speed growth of nearly 7 times net increase.

The industry made a brief correction, but Avita bucked the trend upwards

In fact, from the perspective of capital markets, the current is not the best time for new car manufacturers. After two years of skyrocketing market value from 2020 to 2021, the entire market is gradually returning to rationality. For new car manufacturers, although the trend is still there, the valuation may be much lower than expected, especially in the case of a group listing, investors will be more stringent in the screening of companies.

Taking IPOs as an example, despite the unabated enthusiasm of new car manufacturers for IPOs, the feedback from capital markets has tended to calm down. Flush data shows that in the past six months (October 26, 2021 to April 25, 2022), 219 new shares have been listed, and as of April 25, 124 new shares have broken to varying degrees after listing, accounting for about 57%, including a number of automobile industry chain companies.

However, the short-term IPO cold does not affect the long-term growth demand of the downstream of new energy vehicles, nor does it hinder the enthusiasm of vehicle manufacturers. There are still a steady stream of new players pouring into the track and actively conducting capital operations. For example, on March 17, GAC Aian announced that it has completed a total of 2.566 billion yuan in financing, will start Aian’s shareholding system transformation and A round of financing in due course, and actively seek to spin off and list in the future. In the same month, Zero Run Auto submitted a listing application to the Hong Kong Stock Exchange, and Nezha Automobile, Weimar Automobile, Gahe Automobile and other new car-making forces in the second echelon of sales have all reported the news of listing in Hong Kong. In this regard, industry insiders believe that this is the current demand for new energy vehicles has not been fully met, and the development prospects of new car manufacturers are not only determined by the "window period" of capital.

Avita also seized the opportunity to develop against the trend in the industry correction tide. The significant increase in the valuation of Avita Technology this round stems from the inclusion of 2.42 billion yuan capital base after the first round of financing was completed on March 11, 2022, and based on the income method evaluation, the future sales and revenue expectations of Avita have been raised to a certain extent.

On March 29 this year, Avita officially completed the first round of strategic financing delivery and the change of industrial and commercial information. CATL also became the second largest shareholder of Avita Technology with a shareholding ratio of 23.99%. After the completion of the delivery, Avita Technology also officially changed from a holding subsidiary of Changan Automobile to an associate company, which will further enhance Avita Technology’s operational independence and accelerate the process of highly market-oriented operation.

The high contribution of Avita in this Changan Automobile Performance Report is another strong reassuring needle for the capital markets: the first model has not been officially launched, Avita has the ability to feed back the performance of Changan Automobile through itself, with the product landing, Avita’s valuation in the capital markets is expected to continue to rise.

Weta’s "product year" and "capital year"

The CHN cooperation model is without a doubt the greatest trump card that distinguishes Avita from other new car makers on the market.

Since its inception, Avita has aggregated the advantages of Changan Automobile, Huawei, and Ningde Times in the fields of vehicle R & D, intelligent manufacturing, smart vehicle solutions, and smart energy ecology to create the world’s leading intelligent electric vehicle technology platform CHN platform, and is committed to building a global brand in the high-end SEV field. As industry leaders, Changan Automobile, Huawei, and Ningde Times have assembled at the head of the industrial chain, leveraging their own advantages to complement each other and deeply bind to achieve the effect of 1 + 1 + 1 > 3.

Tan Benhong, chairperson and CEO of Avita Technology, said, "By joining hands with Changan Automobile, Huawei, and Ningde Times, Avita Technology has truly mastered the core capabilities of the SEV industry in the hands of the Chinese for the first time." As the first high-end SEV brand to come standard with Huawei HI (Huawei Inside) full-stack smart car solutions, the first product, Avita 11, has a leading edge in both Sandian and cockpit and intelligent driving. Avita 11 will be equipped with CATL’s new generation CTP ternary lithium battery pack, with a maximum range of more than 700km. It will be the first in the industry to apply a 750V high-voltage charging system, equipped with industry-leading super-sensing system + supercomputing platform, including 3 lidars, 6 millimeter-wave radars, 12 ultrasonic radars, 13 cameras, and 400Tops of high computing power, enabling high-level intelligent driving for complex urban road conditions.

Since the global launch of the brand in November last year, less than half a year has passed, Avita 11 has completed a series of tests such as extreme cold, entered the third round of trial production, and rolled out more than 100 test vehicles. It is understood that Avita is currently working with Huawei to actively implement the preparations for entering Huawei city stores, and plans to open the first store in the second quarter. This year, the sales network will be expanded to 100 cities, and mass production and mass delivery will be achieved within the year. Steady progress towards the medium and long-term strategy of four cars in four years.

Echoing the speed of product advancement, Avita’s layout in the capital markets is also accelerating. Previously, Changan Automobile had bluntly stated in the investor interaction that Avita has an independent listing plan, and recently Avita directly announced that it will open a round of financing in 2022.

If the temporary cooling of the new energy automobile industry once caused the market to have uncertainty about the future financing direction of new forces in car manufacturing, then the significant increase in the valuation of Avita has fully demonstrated the confidence of the capital markets in the long-term development of Avita, and also reflects the recognition of the pioneering CHN cooperation model.

From Avita, it is not difficult to see that the short-term pullback fluctuations of new energy do not affect the long-term development trend of the field, but rather urge investors to carefully select high-quality targets. Among them, factors such as the product strength and technological strength of new car manufacturers are important bases for capital evaluation, and this is where Avita’s confidence lies.

This year is Avita’s first product year, and it is also the new year of SEV with "new platform, large computing power, and efficient energy supplementation" as the three core characteristics. In the short term, Avita will efficiently promote the high-quality production and delivery of the first product within the year, accelerate the opening and completion of the A round of financing; in the medium and long term, emerging industry trends such as new energy vehicles are still completing the penetration rate, and Chinese companies are also attracting a larger share in the global division of labor. For Avita, which has the advantages of the CHN platform, the rapid growth in valuation is just the beginning.

Editor: Lu Jiangtao

　　Lynk & Co officially released the official picture of its Lynk & Co 06EM-P model. The new car is a plug-in version of Lynk & Co 06, positioning the new urban functional super-electric SUV. Lynk & Co 06 EM-P will be officially launched for the fourth time this year.

　　The front face of the new car is designed with a flat air intake grille, and the interior is decorated with a banner structure, which has a strong sense of hierarchy. The daytime running lights are similar in shape to Lynk & Co 08, located on both sides of the hood, and have a strong three-dimensional feel. The far and near lights are located on both sides of the grille, and the style is relatively flat.

　　The lower surrounding part adopts a three-stage design, with large-sized diversion grooves on both sides, creating a wind blade shape inside; the bottom is designed with a flat trapezoidal air inlet, and the interior is decorated with a banner structure, highlighting the layered feel of the front of the car.

　　The side shape of the new car is relatively smooth, and the slightly raised side waist line combined with chrome trim is embellished with a strong sense of fashion. At the same time, the Lynk & Co 06 EM-P also blackened the B-pillar, C-pillar, etc. to create a visual effect of the suspended roof, and it is also equipped with blackened eyebrows and side skirt components and large-size five-spoke wheels, adding a touch of sporty attributes to it.

　　In terms of tail shape, the roof is equipped with a small spoiler and a flat high brake light; the blackened taillight group adopts a through design, which effectively stretches the lateral visual width of the rear; the internal integration is a dot matrix LED light source, which is very recognizable after lighting; the lower surrounding part is also a three-stage shape, with decorative diversion grooves on both sides, and the bottom is equipped with a three-dimensional black trim. The exhaust pipe adopts a hidden layout.

　　The length, width and height of the new car are respectively 4350/1820/1625mm, with a wheelbase of 2640mm. It is positioned as a small SUV.

　　The interior also adopts a new design language, providing a three-frame multi-function steering wheel, a full LCD instrument panel, a floating central control screen, and an electronic pocket. The console is designed with two large storage slots, and the left side supports wireless charging for mobile phones.

　　The new car will be equipped with a plug-in hybrid system composed of a 1.5L self-priming engine and an electric motor. The maximum power of the engine is 88kW. The electric motor part is composed of P1 and P3 dual motors. The maximum power of the P3 drive motor is 160kW. The comprehensive maximum power of the system can reach 220kW, and the peak torque is 568N · m. The matching should still be a 3-speed DHT gearbox. (Graphic: Provided by Geely Lynk)

　　During the Media Day in beijing international automotive exhibition (the 18th) in 2024 (hereinafter referred to as "2024 Beijing Auto Show"), (), which cooperated with Huawei, held a technology innovation strategy sharing meeting, and shared its self-innovative intelligent platform with the ability of continuous evolution-Cyrus Rubik’s Cube platform, realizing cross-domain integration of safety, power, chassis and software.

　　Zhang Xinghai, chairman of Sailis, said: "Sailis has always been firm in the development of intelligent and electric integration under the software-defined automobile. Electrification is the carrier of intelligence, and intelligence is the soul of electrification."

　　Zhang Xinghai introduced that Celeste applied the "panoramic safety" system pioneered by the industry on the Rubik’s Cube platform, which runs through the whole life cycle of users’ cars and ensures the driving experience through the combination of hardware and software. According to the statistics of Cyrus, up to now, the cumulative sales volume of AITO in cooperation between Cyrus and Huawei is nearly 300,000 units, keeping a record of zero spontaneous combustion of batteries.

Text | Retail Business Review　

Today, there is a news on the pulse. A user who was shown as "Alibaba employee" posted a post revealing the true face of Ali MMC business group.

The Ali community group purchase that consumers are waiting for is ruined! Blessed are the 6 million couples’ wives’ shops in China, which have always existed but received little attention!

Let’s take a look at the specific content of the news.

Judging from the content of this pulse of users, the core mission of Ali MMC is to digitally upgrade 6 million couples’ wives’ shops.

The logic of this chess game is as follows: grid management of small shops-forming scale-playing C2B2M mode-making small shops directly connected with source factories and farmers, so as to realize fixed production by sales and excellent production by sales.

This is obviously not the selling logic of community group buying or community e-commerce.

Judging from the content of the news, Ali’s internal summary of the MMC model is "near-field e-commerce".

The community group buying of other big factories is the fission dumping of socialized leaders, not the pushing of goods by people. MMC is a digital upgrade of the store, and it is a distributor.

The most widely circulated "no upper limit" seems to be true-there is no upper limit on the investment in digital upgrading of small stores.

The revelation looks very authentic. There are three pictures in it, not only the Ali LOGO on the picture is clearly visible, but also the logic of the big picture of the business inside, which is very similar to the PPT style of the big factory.

From the comparison of the above modes, it can be seen that the traditional retail distribution mode is mainly in channels, and the circulation link is very long, and this mode has always been the most important supply and marketing mode.

In recent years, the community group purchase, T+1 was presented at the scene, and its core link was the socialized head. However, PPT shows that this mode is still a mode of "people pushing goods".

The core of Ali’s MMC model is to upgrade 6 million digital stores, realize the distribution of goods, and get through C2B2M, the end that players in the industry want to reach.

Ali also has several advantages in doing this.

First, Retail Link has announced that it has transformed nearly 1.5 million digital stores. These shopkeepers have stable business premises and can provide certain services. At the same time, small shops can provide more personalized and diversified layered services based on stable neighborhood relations. Most importantly, the store has a closer relationship with Ali. Once the digital sensing equipment provided by Ali is connected, it can gather large-scale community needs, thus having the possibility of feeding back the production end.

Secondly, the richness of goods and the ability of digital warehouse allocation. Behind Ali’s entry is a plate of goods in the economy, various warehouses built and built by himself in recent years, and the logistics capability of the rookie network. It may be boldly asserted that in the future, whether it is community e-commerce or near-field e-commerce, the construction of competitive highlands and barriers must be in the supply chain.

Finally, the desire to win. The outside world is saying that Ali has not fought for many years, but MMC shows everyone Ali’s desire to fight and win. Think about it, why is Daishan in charge of MMC? In addition to the fact that she is in charge of Class B business group and Box Horse business group, several other identities are more worthy of refinement: one of the eighteen arhats of Alibaba, a partner of Alibaba Group, and the director of the big agricultural office of Alibaba Group.

So, what do you think of Ali’s MMC model?

For BYD’s Chinese-Chinese hybrid version, the official data is 48 liters..

Byd Han’s fuel number is 92, the fuel consumption per 100 kilometers is 1.4L, and the mileage that can be run with a full tank of oil is 3429km.

In the daily driving process, it is necessary to always pay attention to the remaining oil in the fuel tank, and generally observe it through the fuel gauge in the car. If there are 2 squares left in the fuel meter, you should refuel in time to avoid running out of fuel halfway.

The fuel value on the fuel meter is true, but in the actual refueling process, because the fuel tank volume calibrated by the automobile manufacturer is from the bottom of the fuel tank to the safety margin, there is still a certain space from the safety margin to the fuel tank mouth. This space is to ensure that the oil in the fuel tank will expand when the temperature becomes higher, so as not to overflow the safety space of the fuel tank.

Therefore, if oil is added to the tank mouth during refueling, the actual refueling volume will be larger than the calibrated tank volume.

On August 25th, the website of China Securities Regulatory Commission showed that the overseas listing and filing information of Extreme Smart Technology Holdings Limited was approved. According to the filing notice of overseas listing, Krypton plans to be listed on the new york Stock Exchange and issue no more than 926 million ordinary shares. If the IPO is successful, it will be another new domestic car-making force listed in the United States after Wei Xiaoli.

It is reported that Krypton is meeting with investors in London, new york, China, Hong Kong, Singapore, California, Boston and the Middle East, with the aim of conducting a $1 billion IPO in the United States. The move will be made after Krypton received $750 million in a round of private financing in February this year, and may make its valuation exceed $13 billion.

Extreme Krypton is a new energy automobile brand owned by Geely. It was established in March 2021. After more than one year of its establishment, the news of its planned listing came out. In October, 2022, Geely first disclosed the plan of split listing of Krypton. By December, 2022, Geely Automobile announced that Krypton had submitted a draft registration statement for possible initial public offering to the SEC on December 7, new york time.

If Krypton successfully raised $1 billion in this IPO, it will be the largest IPO of China Company in the US securities market after Didi, which was successfully listed in the US in June 2021, and plans to raise about $4.4 billion. However, a reporter asked Extreme Krypton Automobile for the news that it planned to raise $1 billion in the US IPO. Extreme Krypton Automobile declined to comment.

As a young new car-making force, Krypton developed rapidly. In 2022, Krypton delivered a total of 71,900 Krypton 001 vehicles, exceeding the delivery target of 70,000 vehicles in that year. At present, there are three models on sale, namely, medium-sized and large-sized cars, medium-sized and large MPV, and compact SUV. The product system is gradually improving.

In July this year, a total of 12,039 new cars were delivered, up 139.7% year-on-year and 13.4% quarter-on-quarter. From January to July this year, a total of 54,700 new cars were delivered, a year-on-year increase of 127%. Since its listing, Krypton has delivered more than 130,000 new cars. In terms of market system construction, as of June 30 this year, there were 306 direct-operated stores (including offline stores such as Krypton Center, Krypton Space and Delivery Center), covering 75 cities across the country and 750 Krypton charging stations in more than 120 cities across the country.

However, judging from the financial report, the car is still at a loss. According to Geely Automobile’s mid-year report in 2023, the revenue of Extreme Krypton Automobile in the first half of the year was 21.283 billion yuan, with a loss of 810 million yuan. An Conghui, CEO of Extreme Krypton, once said that this year, the three models of Extreme Krypton 001, Extreme Krypton 009 and Extreme Krypton X are expected to deliver 70,000, 30,000 and 40,000 respectively, and the annual sales target is 140,000.

On April 23rd, Chery’s Tiggo 9 Super Comfortable Edition car was released today.

The Tiggo 9 super comfortable car released this time comes standard with CDC "magnetic suspension" and 0-gravity extrasensory co-driver, while adding a new elegant twilight purple interior.

The key contents of the car attached to the IT House are as follows:

On the basis of stable price, the ultra-comfortable version of Tiggo 9 automobile is comfortable in driving and control. The suspension is equipped with 5 vehicle state monitoring sensors+4 electromagnetic shock absorbers+1 controller. By intelligently and steplessly adjusting the hardness and softness, it can realize millisecond response in different road conditions, adjust the body posture in real time, and maintain the stability of the vehicle.

At the same time, the vehicle adopts a variety of soft connection vibration isolation technologies to improve the vibration isolation ability and reduce the impact, so that the whole vehicle can be in a comfortable driving state at any time and achieve "super stability and comfort".

In addition, the ultra-comfortable version of Chery Tiggo 9 adopts the power combination of "Kunpeng Power 400T+Aisin 8AT" or "Kunpeng Power 400T+Magna 7DCT Wet powershift".

The car is equipped with a full-scene intelligent four-wheel drive system.

Chery tiggo 9 car super comfortable version. The co-pilot supports the functions of seat electric adjustment, memory, heating, ventilation, electric adjustable lumbar support, leg support and pneumatic massage. The official said that "passengers can adjust their sitting posture at will".

In addition to the zero-gravity extrasensory co-driver, the car is also equipped with "Super Care" rear seat, "540 stereo extrasensory air conditioning" system, C-PURE green cockpit, intelligent fragrance system and SONY12 Yang surround sound.

In addition, the car body is 4820mm long and the wheelbase is 2820mm long. The official optimization is aimed at wind noise, tire noise and sound insulation. The interior space can be kept quiet and isolated from the noise outside the car.

Chery Tiggo 9 Super Comfortable Edition follows the family design of "soft light aesthetics" in appearance, and has design elements such as "light blade carving" front face, "waterfall grille", "eye of the stars" LED matrix headlights and "wave-breaking light and shadow" body.

The car adds "elegant twilight purple" color scheme to the interior. The official said that with the 24.6-inch curved surface and 256-color waterfall melody atmosphere lights, the ultra-comfortable version of Chery Tiggo 9 can bring users a comfortable ride experience of "eye-catching" and "pleasing heart".

The price and discount of the car attached to IT House are as follows:

The right to buy a car of Chery Tiggo 9 started the "surprise 6-fold gift" and "comfort version gift package" simultaneously. The specific contents of rights and interests are as follows:

　　If BYD is mentioned after the college entrance examination this year, we will definitely think of the national second volume "Enterprise A". The only mysterious enterprise in China that has mastered the core technology of "Three Electricity" is BYD.

　　Coincidentally, Ms. Wang, the female owner of BYD Han whom Xiaobian met today, wrote her graduation thesis on BYD and successfully passed the thesis defense.

　　The weather was very hot. When Xiaobian strode to the appointed teahouse, a white BYD Han came into view. Looking intently, Ms. Wang also sat in the car for the summer. Although wearing lovely round-rimmed glasses, Ms. Wang’s rigor and dignity as an auditor have been integrated into a calm expression. "Auditing to buy a car must also be infected by work, with a very in-depth understanding and diverse comparisons!" I can’t help thinking like this in my mind and wondering why Ms. Wang chose Han. But in the follow-up interview, Ms. Wang’s answer to this question inevitably surprised me.

　　After noticing me, Ms. Wang immediately warmly invited me to the car for the summer. I asked Ms. Wang why she didn’t go to the teahouse to have tea while blowing air conditioning. Ms. Wang chuckled: "I think the air conditioner and seats in the car are more comfortable." After sitting in the car, Xiao Bian, who ran all the way under the big sun, couldn’t help sighing: "Comfortable!"

　　After a simple interview in the teahouse, I learned that the reason why Ms. Wang chose BYD Han turned out to be "love at first sight", which seems to be quite different from my judgment.

　　Ms. Wang said that after winning the new energy index last year, she had no idea about buying a car. Because although Ms. Wang is a senior auditor, she doesn’t know anything about cars. She is a complete white boy.

　　Ms. Wang first met Han in July last year. When she and her mother took their children to get together for shopping, it coincided with the BYD Han New Car Exhibition. She and her mother fell in love with Han, who is fashionable and atmospheric, and took many photos back and forth. After returning home, Ms. Wang and her lover in the automobile industry talked about Han. Ms. Wang’s lover is engaged in the automobile manufacturing industry. After consulting her peers in the industry, they all agreed that BYD’s battery is safe and reliable, and Han is indeed a car with high cost performance and worthy of first choice.

　　After Ms. Wang’s lover returned to China, they only went to the 4S shop to see the car once, and even decided to buy Han without a test drive in person. The comfortable seat feeling and large space once again firmly grasped Ms. Wang’s heart that was deeply attracted by the fashion style of Han.

　　After booking the car, during the long waiting time, Ms. Wang was overwhelmed by her graduation thesis, and there was no subject matter and no starting point. When the instructor said that the thesis should be close to life and have real data, Ms. Wang immediately thought of BYD Han EV’s sales model, and completed her thesis writing and defense with the topic of "Discussion on the Fire Fighting Mode of China New Energy Vehicle Enterprises’ Vehicle Sales under BTO Mode-Analysis of BYD Han EV Model Sales and Supply Mode". Speaking of this, Ms. Wang could not help feeling: "BYD Han really brought me a lot of good luck."

　　When asked about driving experience, what Ms. Wang mentioned most was automatic parking. "For me, although I have got a driver’s license for more than eight years, I haven’t touched a car since I left driving school, so my desire for automatic parking is no less than encountering water in the desert." Ms. Wang said. In addition, Han’s 360 images and lane departure warning function are also very popular with her. Ms. Wang thinks Han is really a car that is particularly friendly to novices.

　　In addition, Ms. Wang also said a habit that makes people laugh. Her daughter, who is only three years old, likes the smart central control screen in the car. The central control screen has everything that children can play on their mobile phones. Compared with playing with children’s mobile phones, Ms. Wang prefers to let children watch the central control screen, because it is far from the back seat, which can better protect children’s eyesight.

　　"Sometimes when a child falls asleep, I put him under the seat and put him on the seat for fear that the child will fall, and there is just a raised place on the bottom of the back row. It can also be used as a pillow, which is safe and comfortable." Ms. Wang said with a smile. Ms. Wang’s way of "dad taking care of the baby" can’t help but make us laugh.

　　When mentioning the opinions of friends around her about buying an electric car, Ms. Wang is proud of her car. When I first mentioned the car, my friends around me were asking, "Why did you buy a tram? Insufficient motivation? Will climbing be boring? " Most people’s concept of trams still stays at the level of "old man’s music". But after experiencing Han, they were all very surprised and said, "This car is even stronger than a fuel car!" .

　　In addition, the air quality in the Han car was also praised by Ms. Wang’s friends. This is not surprising. As far as I know, Han EV has won the honor of the annual recommended model of China Automobile Research Health Index with the highest single item and the highest total score. Up to now, Han EV has got the highest single historical score of EMC (comprehensive evaluation of electromagnetic compatibility and anti-interference of vehicles) with full marks, and the highest single historical score of VOC (volatile organic compounds in vehicles)-odor with 97.5 points, ranking first in the single and total scores of all five-star models. There are 41 models including Tesla participating in the selection. It is not an exaggeration to say that BYD Han EV is the vehicle with the highest air quality in the car.

　　After the interview, I couldn’t help feeling deeply about BYD. The choice of "love at first sight" did not make Ms. Wang hit a wall. BYD, as the leading car company in China, completely captured the heart of a car owner. When I first met Ms. Wang, I only thought that she was a rigorous and dignified auditor. But when talking about BYD Han, the smile on her face was warm and sincere. It seems that Han brought her more than good luck.

　　On May 10th, LI announced its financial report for the first quarter of 2023. Despite the fact that the overall performance of China’s auto market is not as good as expected, LI’s quarterly revenue and delivery both hit record highs. Revenue in the first quarter was 18.79 billion yuan, up 96.5% year-on-year. In the same period, LI delivered a total of 52,584 new cars to users, up 65.8% year-on-year, achieving the best single-season delivery. Driven by strong delivery, LI ranked among the top three new energy brands in China in the first quarter, with a market share of about 11%, far exceeding other new power brands. Thanks to the unremitting pursuit of operating efficiency, a number of financial data hit record highs. After deducting equity incentives, operating profit and net profit reached 890 million yuan and 1.41 billion yuan respectively, and free cash flow reached 6.7 billion yuan. The gross profit margin remained stable at 20.4% in the first quarter. A healthy business model and sufficient cash reserves have laid a solid foundation for the long-term development of enterprises.

　　It is worth mentioning that LI has continuously strengthened its refined operation and promoted the continuous increase of delivery data from January to April 2023. By the end of last month, more than 330,000 home users had chosen LI’s products. Thanks to the emergence of more and more home users, the delivery volume in April 2023 exceeded 25,000 vehicles for the first time, up by 516.3% year-on-year, setting a new record of single-month delivery since the brand was founded, and has delivered more than 20,000 vehicles for two consecutive months. Based on positive market feedback, LI’s second-quarter performance guidance has reached a new high, with an estimated delivery of 76,000 to 81,000 vehicles, up 164.9% to 182.4% year-on-year; The estimated total revenue is 24.22 billion yuan to 25.86 billion yuan, up 177.4% to 196.1% year-on-year.

　　Maintain high growth of R&D investment and continuously optimize product strength.

　　In the first quarter, relying on users’ continuous recognition of Ideal L9 and Ideal L8, as well as the strong order volume and rapid capacity climbing of Ideal L7, LI set a new record for the best single-season delivery, and gained 11% market share in the new energy vehicle market of over 200,000 yuan in China. Once again, it proves that LI is constantly exerting the advantages and cooperative effectiveness of its supply chain, manufacturing, sales and service network from stage 1 to stage 10. At present, the released ideal L series models have achieved outstanding performance in their respective market segments. Among them, as the brand’s first family five-seat flagship SUV, the ideal L7 has delivered over 10,000 in the first complete delivery month, which is also the first five-seat SUV model of China brand with a starting price of over 300,000 to deliver over 10,000 in a single month, becoming one of the luxury five-seat SUVs preferred by more families; Ideal L8 keeps leading sales in six market segments; Ideal L9 has won the monthly sales champion of large SUV for many times since it was delivered last year.

　　Meanwhile, LI invested a total of 1.85 billion yuan in R&D in the first quarter, up 34.8% year-on-year. In terms of smart space and intelligent driving with high user utilization rate, LI has continuously improved its product strength through OTA upgrade. Since the beginning of this year, the ideal L-series models have completed two OTA version upgrades of 4.3 and 4.4, and more than 100 functions and experiences have been optimized. Among them, the task master can let users define the function combination independently and realize the linkage of seat, driving, navigation and application, which has been well received and discussed by users since it was launched. In addition, in OTA 4.4, the new version of the car adds the sentry mode that users have been waiting for for for a long time. The system will automatically detect the situation around the car and remind users according to the level of different situations. Through its own power-saving strategy, the energy consumption for the whole night is only about half that of other models; At the same time, users who assemble the ideal AD Max intelligent driving system also get LKA Plus function through the recent upgrade. This function can realize automatic lane change when navigation is not turned on, reduce driving fatigue and improve traffic efficiency.

　　In April, the family’s six flagship SUV— — Ideal L9 won a five-star intelligent star rating in the evaluation results of the first batch of vehicles of IVISTA China Smart Car Index published by China Automotive Engineering Research Institute Co., Ltd. (hereinafter referred to as "China Automobile Research Institute") in 2023. Especially in the intelligent safety test, Ideal L9 has the highest score among the vehicles that have been tested by China Smart Car Index, and it is also the first vehicle to get G+ for navigation-assisted driving evaluation on the basis of four G evaluations. Ideal L9 has also become the vehicle with the highest performance in IVISTA China Smart Car Index.

　　Create an ideal fortress safety body ™ Guarding family members

　　LI has also invested a lot of energy and time in the most relevant safety aspects of users’ travel, striving to build an ideal fortress safety body for the whole family through the ultimate safety concept ™ . Last year, Ideal L9 became the first large SUV with a G rating for 25% offset collision on both driver’s side and passenger’s side in China Insurance Automobile Safety Index (C-IASI, hereinafter referred to as "China Insurance Research Institute"). In April this year, the Ideal L9 won the five-star evaluation of the upgraded version of C-NCAP in 2021 in the test results of a new batch of China’s new car evaluation regulations (C-NCAP), becoming the vehicle with the highest comprehensive score in history. Ideal L9 is also the only luxury large-scale SUV in China that has achieved the best results in China’s new car evaluation regulation (C-NCAP), China’s automobile safety index (C-IASI), China’s automobile consumer research and evaluation (CCRT) and China’s automobile health index (C-AHI). In the same month, Ideal L8 also became the best SUV model in the history of crash test in China Insurance Research Institute. In the passenger safety index inside the car, the passenger safety index outside the car and the vehicle auxiliary safety index, the ideal L8 all got the highest rating of G (excellent), especially in the 25% offset crash test on the passenger side of non-standard test items.

　　A series of excellent collision results depend on the powerful ideal fortress safety body ™ Design, which is a defensive body structure deeply researched by LI, is committed to providing 360-degree all-round protection for family members in every position in the car. First of all, LI determined the energy distribution strategy at vehicle level, system level and key parts level, and built a more scientific and reasonable power transmission path and section size system for each main power transmission channel in turn. Secondly, LI designed a cage-type car body with ultra-high torsional rigidity, and used boron steel (hot formed steel) at key positions to form a protective structure with higher strength. At the same time, LI insists on improving the selection of materials, adopts positive energy management and load distribution for the body-in-white, carries out accurate topology for the key parts and cross-section structure of the body, and truly uses good steel on the blade. Standard flagship ideal fortress safety body ™ , truly realize the equal rights of security technology.

　　In addition, following the four five-star certifications of Ideal L9 in China Automobile Health Index (C-AHI) rating, Ideal L8 also recently obtained four five-star certifications in China Automobile Health Index, becoming a well-deserved "green house" to protect family members.

　　Stepping into a new development chapter with "dual-energy strategy"

　　Recently, LI officially released the "Double Energy Strategy", which indicates that the brand will exert all-round efforts in "intelligence" and "electric energy". More importantly, by 2025, LI will form a product layout of "one super flagship model+five extended-range electric vehicles+five high-voltage pure electric vehicles", which will face a market of more than 200,000 and fully meet the needs of home users.

　　In terms of "intelligence", ideal intelligent driving has officially entered the 3.0 era, from high-speed scenes to urban scenes. This system uses three neural network large model algorithms: static BEV network algorithm, dynamic BEV network algorithm and Occupancy network algorithm to restore, and uses NeRF technology to enhance the Occupancy network algorithm to achieve higher accuracy and details, so as to provide accurate information in the decision-making planning of complex urban scenes. At present, based on the accumulation in the past five years, LI has already had the most intelligent driving training mileage in China, which has reached more than 400 million kilometers. The urban NOA navigation-assisted driving system with ideal AD Max 3.0 is planned to push internal test users from the second quarter of this year. By the end of 2023, there will be more than 100 domestic cities, and with a set of technologies, cities and highways will be completely opened. Some intelligent driving abilities based on large-scale model training will also be released to users who adopt ideal AD Pro hardware models.

　　In terms of "electric energy", LI has officially entered a new stage of "extended range electric" and "high voltage pure electricity". For the pure electric products to be released in the future, LI has deeply cultivated the core technology and landed an 800V ultra-charged pure electric solution. Its advantage lies in making users bid farewell to mileage anxiety and giving pure electric users a "refueling" experience. LI’s pure electric products will adopt a new generation of self-developed electric drive system composed of 800V silicon carbide power modules, with comprehensive optimized design scheme and more advanced resource integration, which will make breakthroughs in all energy efficiency indicators. In addition, in order to reduce the charging difficulties of users of pure electric vehicles, LI officially launched the "Ideal 4C Super Charging Station" and the overcharge network, so as to realize the rapid recharge of charging for 10 minutes and increasing the battery life by 400 kilometers. By 2025, the goal is to build more than 3,000 charging stations. At the same time, the ideal AD Max 3.0 will also be perfectly integrated with the ideal 4C super charging station, making it more convenient for users to go to the super charging station than to the gas station.

　　Optimizing the layout of sales network and promoting the leading position in the industry

　　In the first quarter, in order to support the development of multi-vehicles, LI continued to expand the network layout and accelerate the upgrading of store quality, so as to provide users with more convenient and efficient services. Since late June last year, LI has expanded or optimized nearly 50 existing stores. As of April 30, 2023, LI has 302 retail centers nationwide, covering 123 cities; There are 318 after-sales maintenance centers and authorized car body panel spraying centers, covering 222 cities.

　　Increasing profitability and cash flow have become the basis for enterprises to continuously invest in R&D and business capabilities, and also provide strong support for brands to maintain their leading position in the new energy vehicle market. With strong product strength and excellent operational efficiency, LI will continue to strengthen its commercial and service capabilities, create greater value for users and further enhance the flywheel effect of enterprise development. (Photo courtesy of LI)