As early as February 2018, Hengda officially established Ruichi Intelligent Vehicle Co., Ltd., and in June of the same year also invested in Faraday Future to enter the car manufacturing industry. But now that three years have passed, it is time to build a Nezha, right?

After a series of warm-ups, Schr?dinger’s Hengda car has really moved. Just in early November, the Hengchi 5 LX suddenly appeared on MIIT’s latest public list. Good guy, I didn’t expect that I would be able to wait until the day of Hengda’s mass production!

So the question ****** Hengchi 5 really energy-efficient? Does anyone really buy it? In other words, can Hengchi become a life-saving straw for Hengda Group? Today we will uncover Hengda’s car-making mystery.

Blue is better than blue

We mentioned in the "Jia Yueting" program before that in 2018, Hengda, which was just about to enter the market for new energy vehicles, was shut down. Less than half a year after investing in FF, the two sides parted ways due to equity and capital conflicts. Although Boss Xu was not good at starting out, through this investment, Director Xu of the workshop still gained something – successfully learned secret techniques of Boss Jia’s PPT car making secret skills.

After the official announcement of the car, Evergrande opened the model of "buy buy buy, close, circle, big, good", which is truly breathtaking.

What is buy buy buy? No electric drive system? buy! No hub motor technology? buy! In short, in the eyes of Boss Xu, problems that can be solved with money are not problems.

What is Hehe? Boss Xu personally visited 23 countries and visited 58 leaders in the automotive field, from the top 500 to the studio. If you can’t buy it, you can cooperate!

As a result, Hengda Haotao 24.90 billion used for the acquisition and research and development of core technologies of new energy vehicles worldwide.

With the technology, what about the land? What about the factory? Continue to buy! Buy land to build a factory, this Evergrande is more skilled.

Therefore, Hengda spent 22.50 billion yuan for factory construction, equipment procurement, etc. Now the main factories are concentrated in Guangzhou Nansha, Shanghai and Tianjin. So far, including technology research and development, Hengda has invested nearly 50 billion yuan.

In contrast, NIO, which also burned money and 50 billion in the same period, has three models officially offline for delivery by the end of 2020, and has laid its own charging network across the country.

And what did Hengda bring until now? Hengchi 1, Hengchi 2, Hengchi 3, Hengchi 4, Hengchi 5, Hengchi 6, Hengchi 7, Hengchi 8, Hengchi 9… conceptual graph of nine cars?

And not only is there no production car, but even the two staff members of the exhibition car participating in the event can lift it.

Ah? It can’t be this, can it?

Of course, Evergrande is also a bit reliable, such as Hengchi 5’s "birth permit". Eh, it seems to be about to expire.

After investing so much money, did Hengda’s PPT model make money?

Did the PPT car make money?

If you want to know whether the Hengda PPT car manufacturing model is profitable or not, let’s look at it from two aspects.

Let’s look at the stock price first. At the beginning of this year, Hengda Motor Hong Kong’s highest offer was HK $72.45/share, and the market value once exceeded HK $500 billion, second only to BYD.

Looking at the annual report, the 2020 financial report shows that Hengda Automobile has earned nearly 15.50 billion yuan based on the conceptual graph of several models after experiencing the mode of buying, buying and combining.

Good guy, if this wait until the model is mass-produced, why don’t you punch Tesla? Kick BYD?

But upon closer inspection, I still noticed something fishy.

It can be noted that more than 98% of Hengda’s revenue in 2020 comes from Hengda’s healthy income, and the real new energy vehicle revenue is only less than 200 million yuan.

Health Valley tried its best, brothers, please put the public screen in tears.

What about the stock price?

After the continuous bombardment of various negative news such as model car doors and industry people’s disapproval, Xinhua News Agency’s naming of false high stock prices, Hengda Automobile’s stock price has plummeted, and the stock price has fallen from 72 Hong Kong dollars/share to now hovering at 3 Hong Kong dollars/share, and the total market value has shrunk to less than 40 billion.

From 18 to 21, Hengda Automobile seemed to have made money, but it didn’t seem to.

Although the past few years seem to have been a waste of time, Hengda Automobile has still not reached the point of exhaustion, and in today’s debt crisis of Hengda Group, Hengda Automobile has become a life-saving straw for Hengda Group. So can Hengda Automobile bring Hengda Group back to life?

Children from poor families take charge early

As of the first half of this year, Hengda Group has 1.97 trillion yuan in debt. The real estate bubble burst, and the wealth management products thundered.

But now, it was no longer appropriate to describe Evergrande Group as tearing down the east wall and making up the west wall. Originally, he wanted to sell Hengda properties and Hengda’s automobile business, but in the end, he contacted several buyers to no avail. Boss Xu simply gave up and dedicated himself to building a car!

Hey, wait a minute, doesn’t Evergrande still rely on Health Valley and the Evergrande Group behind it to barely survive? Why do you have to go out to work to subsidize your family now?

As a result, Hengda sold the electric system transmission company e-Traction and wheel hub motor manufacturing company Protean Electric, clearance Hengteng, two rights issues in November, financing 3.20 billion Hong Kong dollars, even the old real estate sales scale is also planned from 700 billion yuan, compressed to 200 billion yuan in ten years, all funds and manpower concentrated in Tianjin factory to ensure the production of Hengchi 5.

It can be seen that Hengda is really determined to bet on Hengchi!

But does Hengchi 5 have the ability to help Hengda turn around? Is Xu Jiayin really so confident in Hengchi’s future?

We asked Dapeng, who knows cars best, to tell us.

First of all, Heng Chi 5 positioning A-class SUV, pricing 200,000 yuan or less. Meaning that in this price range, Heng Chi 5 to face is BYD Song Pro, Weimar EX5, Xiaopeng G3 this level of opponents, in my opinion, whether it is appearance, configuration, or performance and battery life, Heng Chi 5 want to front the just mentioned several cars, there is still a certain degree of difficulty.

As for how much confidence Xu Jiayin has in Hengchi’s future?, this is up to you, I will test the automatic parking 50 times first.

Hurry up and test, the factory manager will be back from a business trip soon.

Cough cough, getting down to business, is Xu Jiayin really so confident in Hengchi’s future?

First of all, over the past 18 years, Hengda has indeed invested a lot in automobiles, but it is not difficult to see that Xu Jiayin intends to give up his car to maintain his position.

Secondly, the current concentration of resources to ensure the smooth commissioning of Hengchi, a large part of the reason is that the production qualification of pure electric vehicles owned by the Tianjin factory is about to expire. And if a model has not completed mass production and entered the market before the expiration date, this qualification will also disappear with the wind.

It seems that Xu Jiayin is also struggling to ride a tiger now. If he has confidence, he will do it, but if he has no confidence, he will do it.

However, it is also understandable. After all, for Evergrande, the best thing to do now is to create a production car while the production qualification is still there, and renew the production qualification. After that, when the opportunity is ripe, the production qualification will be packaged and sold directly with the automobile business. In case the sales of Hengchi 5 are good, you can also take the opportunity to raise the price and sell a good price to repay the group’s debt and renew its life, killing two birds with one stone.

Boss Xu’s wishful thinking is really good.

Manuscript | Cui Qiuyang, Yin Heyan

Editing | Yin Heyan

Dubbing | Ryosuke Takahashi

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Suddenly in the early morning! 6.9 magnitude earthquake! Under the multi-party game

China Evergrande’s hearing has been postponed again

On December 4, according to Hong Kong media reports, the liquidation case of China Evergrande was tried again in the Hong Kong High Court today. After the petitioner and Evergrande exchanged and deliberated, the judge heard the arguments and postponed the liquidation hearing of China Evergrande again until January 29, 2024.

In fact, this is the seventh time that Hengda has been delayed by creditors. Industry insiders believe that this also reflects the cautious handling of the liquidation and bankruptcy of the largest real estate company in the Hong Kong capital markets by the Hong Kong judiciary.

On the morning of December 4, China Evergrande issued a clarification announcement saying that the company noticed that an institution published a report on December 1, 2023 that the company had never made a profit. The report has no actual basis, and the company will further clarify the content of the report later. Holders of the company’s securities and potential investors should exercise caution when buying and selling securities.

The move follows a report by GMT Research, a short-seller, that China Evergrande’s delayed 2021 annual report clearly reflects the company’s apparent overstatement of revenue and earnings, which is likely to continue for many years. Evergrande has either fundamental problems or has never made a profit.

Original title: "Evergrande Emergency Announcement!"

Read the original text

　　CCTV NewsAt 15:22 this afternoon, our country successfully launched the 52nd and 53rd Beidou navigation satellites with the Long March 3B rocket at the Xichang Satellite Launch Center, which is also the last two satellites of the Beidou system deployed in the medium circular orbit.

　　Satellites in mid-circle orbit can travel the world, so they are the key to the global network of Beidou satellite navigation system. Whether it is GPS or other existing global satellite navigation systems, a large number of satellites need to be deployed in this orbit. After the launch, all 24 satellites planned by Beidou satellite navigation system in this orbit have been in place, and the deployment of the core constellation of the global system has been officially completed.

　　Beidou has actually quietly entered your life

　　Video: Why do you say "China’s Beidou, the world’s Beidou"?

　　Perhaps many people will ask, Beidou has launched so many satellites, when will we be able to use them? Or how can we use them?

　　There is already "Big Dipper" above your head.

　　In fact, Beidou has already quietly entered our lives. Now when you turn on your mobile phone or navigator to use navigation services, you are not just receiving GPS satellite signals, but the fusion signal of Beidou, GPS, Glonass and other satellite positioning systems. They can complement each other. For example, in the case of high-rise buildings in the city, the GPS signal in some directions will be blocked, so you can directly receive the signal of Beidou to locate.

　　What is the use of Beidou’s unique communication capabilities?

　　Unlike other systems, we can not only know where we are through Beidou, but also tell others where we are through Beidou. This is the unique communication capability that distinguishes Beidou from any other system.

　　Many people may think that we can communicate so conveniently now, so why use Beidou?

　　Because at sea, in many deep mountains and forests without ground communication facilities, communication can only be done by satellite signals. Therefore, whether it is sea rescue or meeting for "jungle exploration", Beidou is an excellent choice. Not only is it global coverage, but it is also very cheap.

　　Of course, this function requires the use of a specific "Beidou" mobile phone!

　　Official certification! World-class navigation and positioning service capabilities

　　Video: Understand the working principle of Beidou navigation with high school knowledge

　　Wang Ping, chief designer of the Beidou-3 satellite, introduced to reporters.At present, the basic system of our Beidou-3 has been evaluated all over the world. The evaluation results show that Beidou’s signal quality, signal ranging accuracy, navigation, positioning and timing accuracy are on par with the US GPS.The completion of all the medium-circle orbit network satellites will enable our Beidou satellite navigation system to achieve world-class service capabilities.

　　China speed! Beidou breaks the world record for global networking

　　Since November 2017, our country has organized 18 Beidou launch missions in 25 months and launched a total of 30 Beidou satellites, breaking the world record for the networking speed of global satellite navigation systems at an average rate of 1.2 satellites per month.

　　Among them, we have to mention the "Beidou special train" – the Changsanjia series of carrier rockets that transported Beidou 38 times.

　　Since the launch of the first Beidou-2 navigation test satellite in 2007, in the past 12 years, the Changsanjia series of rockets have sent 53 Beidou navigation satellites into the predetermined orbit with 38 successful and perfect performances. If the Beidou navigation test satellites launched earlier are included, the Changsanjia series of rockets have escorted 57 Beidou satellites into orbit with a 100% success rate of 42 launches.

　　From Beidou-1 to Beidou-3, from several launches a year to more than a dozen launches a year, the Long March-3A development team has been constantly exploring on the road of innovation. They set a precedent for our country’s "one arrow and two stars" to launch high-orbit satellites, further accelerated the deployment of Beidou satellites, greatly shortened the construction progress of Beidou engineering and greatly reduced the construction cost. (CCTV reporter, Wang Shiyu, partner unit Aerospace Science and Technology Group Fifth Academy)

　　Long March 3A series rocket launch Beidou satellite full record

　　Long March 3A series rockets launched in 2019

The popularity of the new M7 continues, and a tit-for-tat new energy luxury SUV "price war" has officially started.

On October 15, AITO asked the world to announce that the new M7 listed on the market in the first month of the big order has exceeded 60,000 orders. At present, the Sailis factory has added production shifts, 22 hours of continuous production every day and opened the double shift operation mechanism. In the live broadcast of the factory, Yu Chengdong, chairperson of Huawei Intelligent Vehicle Solutions, bluntly said that in order to improve the production and supply speed of the new M7 in the world, the entire industrial chain and supply chain have increased more than 20,000 workers, and at the same time increased capital investment over 1 billion yuan.

Recently, the Financial Union reporters have repeatedly explored the end point market of automobiles. Even at noon on working days, consumers who go to Huawei stores to see cars and consult are still in constant flow. In terms of policy, after the 33,000 yuan purchase rights and interests of the first sales period, the second round of car purchase rights and interests of the new M7 is worth 30,000 yuan. The deadline for activities is October 31.

The continued sale of the new M7 has directly stimulated the end point policy of competing models such as Krypton 001 and Ideal L7.

The day after the announcement of the report card of "60,000 vehicles in a single month", Extreme Krypton announced that all its models will open the rights and interests of limited-time car purchase, limited-time purchase and replacement. Among them, Extreme Krypton 001 can enjoy a maximum of 80,000 yuan after a number of rights and interests are superimposed. The activity period is from 9:00 on October 16 to 24:00 on December 31.

Compared to JK 001, the competition between the ideal L7 and the new M7 is intensifying. Not long ago, the two brands launched a "air-to-air confrontation", and End Point even spread the rumor of "re-purchase between the new M7 and the ideal L7, and the transaction can reimburse the other party’s deposit". "Our store does not have this [reimbursement deposit] policy, but the current activities of L7 and L8 are very rare, you can directly discount 31,000 yuan, and give gifts such as 20,000 points and foot mats." An ideal store salesperson told reporters.

Earlier this month, Tesla China announced that the price of the Model Y would remain unchanged while adding multi-colored ambient lights, upgraded dashboard trim, upgraded 19-inch wheels and improved acceleration performance. Such a policy is also seen by the industry as a "disguised price reduction" in a highly competitive environment.

From the perspective of market segmentation, the mid-sized/medium-sized SUV market in which Tesla Model Y, Wenjiexin M7, Ideal L7 and other models are located continues to heat up, and the competition is quite fierce. According to the data of the Passenger Federation, in September, although Tesla Model Y fell by 18% month-on-month, it was still far ahead with 53,200 vehicles. There are 7 models that sold more than 10,000 vehicles, namely Audi Q5, BMW X3, Ideal L7, Mercedes-Benz GLC, Hongqi HS5, Ideal L8 and BYD Tang. Among them, Mercedes-Benz GLC, Hongqi HS5 and BYD Tang showed a month-on-month decline, and Ideal L7 and Ideal L8 were basically flat compared with the same period in August.

The white-hot competition of new energy luxury SUVs is just a microcosm of the "Silver Ten" car market. According to incomplete statistics from the Financial Union reporters, more than a dozen car brands, including BYD, NIO, Xiaopeng, Zero Run, Volkswagen, and Buick, have recently launched different preferential policies to take over the "Golden Nine". Under the rare "peak season", the "price war" whose cycle has been extended is still ongoing.

"Because dealers increased the number of cars picked up in September, the end point prices in September and October continue to drop." Lang Xuehong, deputy secretary-general of the China Automobile Dealers Association, believes that under the background of the superposition of various factors, this year’s "Silver Ten" car market will not only be in good condition, but also the actual performance is expected to exceed "Golden Nine". "We believe that the quality of’Gold Nine Silver Ten ‘will be basically the same, and there may even be a situation of’Silver Nine Gold Ten’."

Original title: Q Jie new M7 hot orders detonated "price war": ideal L7 straight down 31,000, extremely krypton push limited-time car purchase rights

Editor: He Bao, Editor in charge: Wu Jian, Review: Wang Guangjiang

Red Star Capital Bureau noticed that on February 27, a lawyer’s letter sent to Geely Automobile (00175.HK) by Changan Automobile (000625.SZ) entrusted Chongqing Baijun Law Firm was exposed on the Internet, claiming that Geely’s "Galaxy Light" prototype car copied Changan concept car and mass-produced car, and infringed Changan Automobile’s intellectual property rights.

↑ Online lawyer’s letter

"The lawyer’s letter is true," Chang’an Automobile told Red Star Capital Bureau. "We believe that the relevant content of Geely Galaxy’s new energy strategy release is suspected of infringing the intellectual property rights of Chang’an Automobile, so the company sent the lawyer’s letter to the other party."

Some netizens posted pictures comparing the appearance of Geely’s "Galaxy Light" with Changan VISION-V and UNI-V models.

↑ Comparison chart of Changan Automobile and Geely

On February 28, Geely Automobile responded via its official Weibo: "The content of the lawyer’s letter is seriously inaccurate, the accusations against our company are groundless, misleading the public, and causing serious damage to our brand and goodwill."

Geely said that Geely Galaxy Light is an original design of Geely, and there is no plagiarism or infringement of other people’s intellectual property rights. Geely will take legal measures to safeguard its legitimate rights and interests against any attempt to smear, maliciously attack and spread false remarks through this matter.

↑ Geely Response

Yang Xueliang, senior vice-president of Geely Holding Group, said in a statement: We must have healthy competition, not internal strife. To transform and develop, not to fight in the same room, to be united, not to divide and smear.

On February 23, Geely Automobile released the new mid-to-high-end new energy series Geely Galaxy and released the prototype car "Galaxy Light". According to reports, "Galaxy Light" was designed by Chen Zheng, vice president of design of Geely Automobile Group. It was designed and developed based on Geely SEA’s vast architecture, using "ripple aesthetics" design, and incorporated Geely satellite antenna, Wofei long-sky drone, Galaxy NOS smart cockpit and other technologies.

　　　 The film "New Shaolin Temple" recently released the film’s theme song "Enlightenment", which was composed and sung by the Tianwang Andy Lau himself. Its musical style is in line with the "Zen" artistic conception to be displayed in the film. It is also the experience of the 30 years of the Tianwang Andy Lau’s debut. It is of great significance. Andy Lau will sing this song in public for the first time at the 30th anniversary of his debut "Andy Lau Unforgettable 2010 Concert".

　　　 The film "New Shaolin Temple" is directed by Chen Musheng and directed by Yuan Kui. Andy Lau, Nicholas Tse, Jackie Chan, Fan Bingbing, Wu Jing, Yu Shaoqun, Yu Hai and others co-starred to determine that it will be released on January 19, 2011. It is regarded as the finale of the Spring Festival. The film tells the story of the warlord’s melee era, when Hou Jie (played by Andy Lau), who was originally a warlord, escaped into the air after experiencing the betrayal of his adjutant Cao Man (played by Nicholas Tse) and the pain of his wife’s separation, and worked with monks to protect the victims of the war and the Shaolin Temple.

The theme song "Enlightenment" explains the theme of the film

　　　 The theme song of the movie "Shaolin Shaolin" is regarded as a classic film and television song to this day, so how the theme song of the movie "New Shaolin Temple" will be interpreted and who will sing it has attracted much attention. On the 19th, the film’s theme song was finally uncovered and appeared on major radio stations across the country.

　　　 "Infinite Mind/Life Blessing/Infinite Limit/Infinite Limit/Life Breath/Love Connection/… Enlightenment/Enlightenment/Wukong/Willingness/Simply walk with you every day." Compared with the old version of "Shaolin Temple", the lyrics of the theme song of "New Shaolin Temple" are more Zen-like, which is in line with the film’s theme of "practicing Zen with martial arts" that has been repeatedly emphasized in the film’s promotion. The style of the song is the perfect fusion of Buddhist music and pop music, which not only allows the audience to experience the artistic conception of "Zen" immersively, awakens the pure heart and compassion, but also catchy melody, which is very easy to sing.

Tianwang Andy Lau’s three-day retreat

　　　 According to the director Chen Musheng, the lyrics of the theme song "Enlightenment" are the masterpiece of Andy Lau, the king of heaven. "Originally, we didn’t use the theme song when filming the film, but after cutting the film, I felt that I still needed a song that could express the theme of our film, so I called him and told him what kind of song I wanted, and he readily agreed." What director Chen Musheng didn’t expect was that in just three days, Andy Lau handed over the sample of "Enlightenment" to him.

　　　 "I haven’t listened to much music for several years. I think the better movie theme songs are" Painting Heart "and" Chrysanthemum Terrace ", so when I got the sample of" Enlightenment ", I was very surprised and liked it very much. The lyrics and music style are very consistent with the style of our film. I listened to it repeatedly that night." Director Chen Musheng introduced that after he got the sample and listened to it, he called Andy Lau and asked Andy Lau to sing the song in person. "I think only he is the most suitable for singing this song, and I dare to say that this song will definitely become another classic song of his."

Next Page: Andy Lau will sing the first song of "Enlightenment"

　

Text | Blue Hole Business, Yu Weilin

Editing | Giorgio Lisa

In just one month, rumors of "ByteDance acquiring Ele.me" broke out twice.

In the latest version, Caijing quoted sources as saying that not only did it state that ByteDance’s bid was $7 billion – one of the points of disagreement between the two sides, but also that ByteDance only wanted the delivery team of Ele.me, while Ali wanted the word energy saving to undertake the entire Ele.me.

Although soon, the rumors were once again confirmed by both sides, the outside world believed that the "Schr?dinger’s acquisition" was only a layer of window paper away from the ground – "denial" was just a prescribed action in the negotiations between the two sides.

In the past two years, the local life battlefield has seen renewed waves due to Douyin’s disruption, with the store business performing traffic magic, but the home business has experienced ups and downs. Douyin’s local life is still in a state of "running through the process".

The low-hanging fruit has been picked, and moving forward is a tough battle with real swords and real guns. Meituan spent tens of billions of yuan to build the performance ability, and if Douyin wants to replicate it, he needs to invest several times more time and money. Buying Ele.me is the most cost-effective way, and it is also in line with Zhang Yiming’s usual style of "vigorously performing miracles".

Five years ago, Ali bought Ele.me for $9.50 billion; in the past few years, the decline is not only valuation, but also market share. Now Ele.me is almost reduced to a regional player, takeaway is a low-margin business, and it is difficult to make profits without scale effects. If Ali wants to stop losses in time, Douyin is the only potential buyer on the table.

If Douyin wants to be a "universal entrance", it is impossible to give up local life. But the question is, even if he eats Ele.me and completes the closed loop of local life, can he win Meituan? What Douyin lacks in local life is only the ground delivery team? What Ali + Ele.me couldn’t do in the past, can it be done by Douyin + Ele.me?

Just as Yu Yongfu said in his internal letter in 2021: "This is a protracted battle, a boxing match that has just begun. The process is destined to be long and cruel. Neither side can defeat the opponent, but can only fight for points."

The Infinity War of local life, even if the acquisition is completed, is far from the end.

Douyin Local Life: Good Night Yet to Come

In the past two years of the Douyin Meituan dispute, the outside world’s attention has focused on how Meituan defends the city, but it has ignored that Douyin’s battle for local life has not gone smoothly as imagined, and the traffic stick has also encountered "hard bones".

"Changing coaches" is the most obvious signal. In November 2023, Douyin publicly admitted that Pu Yanzi, the head of commercialization, will also serve as the head of life services business, and Zhu Shiyu, the original head, will be transferred. Pu Yanzi’s internal evaluation is that his style is pragmatic and he is good at solving complex problems.

Industry analysts "Zouma Finance" interpret that the role of the commercialization leader in Douyin is similar to that of Alimama to Ali, and it is the existence of the "God of Wealth". Pu Yanzi, who is more "important", can not only mobilize the commercial traffic of Douyin, but also the commercial traffic resources of almost all traffic-type products such as Jinri Toutiao and Watermelon Video in Douyin – this is the highest configuration that Douyin can give.

Douyin’s local life is far from a "good night". They need more resources and more fierce leaders. The core incentive is the failure of takeaway.

In June last year, according to the "LatePost" report, Douyin takeaway’s annual GMV target was reduced from 100 billion yuan to 5 billion yuan, which came to an "ankle cut". At the same time, the focus of takeaway business changed to: try to run through business processes in more ways.

Half a year has passed, and according to a report by "Whip Bulls" at the end of December last year, Douyin life service partners in multiple regions revealed that Douyin will no longer renew their contracts with them. "Except for the five cities of Chengdu, Changsha, Shanghai, Shenzhen and Fuzhou, the Douyin takeaway business in other cities will be suspended." The purpose is to "penetrate the above five cities in order to obtain comprehensive and sufficient experience and lessons, and then promote the replication to other cities."

Since it was exposed in July 2021, Douyin has been running in the takeaway field for two and a half years, but it is still "running through the process".

The cost is undoubtedly huge. According to a report by Sohu News in March last year, Douyin’s boost to merchants in the pilot takeaway service was 5%, which was three percentage points lower than that of its peers. But Douyin’s traffic is expensive, and its investment in takeout should be higher than that of Meituan and Ele.me, including the costs of delivery and service providers.

This raises the suspicion that takeout is a low-margin chore, and if it is so difficult to move forward, why not give up? Because it does not want to watch consumers flee due to the lack of takeout.

According to a report by "LatePost" in February last year, Douyin Group CEO Zhang Nan once imagined at an internal meeting that Douyin would become a universal portal for users’ mobile devices, not only to swipe content when bored, but also to shop, choose restaurants, and buy plane tickets to book hotels.

This is Douyin’s ambition, and it is also the common dream of Internet giants. Today’s Capital Xu Xin once said in his early speech that there are actually only 12 apps commonly used by users, and apps that are opened more than 8 times a day are exclusive and monopolistic, and "flowers" can grow on them.

Therefore, for Douyin’s local life, it is necessary to close the loop between home and store, which is the answer that Meituan proved ten years ago.

As early as 2014, Wang Huiwen once answered the reporter "Why does Meituan want to do takeout?" He said, "Group buying and takeout, there must be a lot of overlap in the business. From the perspective of the merchant, we can bring it customer flow and transactions. Consumers group buying to the store, or ordering takeout to be delivered to consumers for transaction. Although they are two different transaction models, the merchants will not reject them."

The lack of Douyin takeaway links today is like the short board on the bucket. On the one hand, consumers who have settled through home group buying will flow to Meituan when they repurchase takeaway; on the other hand, the merchants who have made great efforts to attract them will only stay at the store level, and cannot reap the commission of takeaway business.

According to public information, Douyin’s GMV in 2022 is 77 billion yuan, while it has increased by 256% in 2023. It is estimated that the GMV completed in 2023 is about 197.12 billion yuan, exceeding the original target of 150 billion yuan. But if you can’t take takeaway business, how long can such high-speed growth be maintained is an unknown.

Since takeaway is a must, then the existing cooperation model is not good? Since August 2022, Douyin and Ele.me have cooperated, and Douyin has diverted traffic and Ele.me has fulfilled the contract, but both sides have different ideas, and they have not fully connected on the page jump. Douyin cannot obtain the core data assets, so he has more than two years of experience in "running through the process".

Douyin and Meituan are bound to have a head-to-head war, but Douyin looks at his hand and only has abundant traffic and funds, but lacks infrastructure, including systems, teams, and the Know-How capabilities that Meituan has accumulated for more than a decade.

And these, eat Eli.me can make up for it?

"Are you shaking?" Can you win Meituan?

Before Douyin’s disruption, the takeaway battlefield had long since died down. Meituan began to explore instant retail in search of incremental growth; Alibaba’s Ele.me system became infrastructure, focusing on stopping losses.

A set of data clearly illustrates the changes in Ele.me in Alibaba. According to third-party data agency trustdata, in 2020, Meituan and Ele.me’s market share was 60% and 25% respectively; by 2022, it had become 72% and 15%.

From Ele.me to "Shake it", how much can it shake Meituan? Let’s take a look at the fundamentals of the two companies first.

Look at the supply side first, there is the most intuitive data. According to the relevant report of Guolian Securities, the average daily active users of Meituan takeaway business version in October 2023 4.8861 million, and the average daily active users of Ele.me business version 2.6131 million, Meituan is almost 1.87 times that of Ele.me.

Looking at the demand side, according to Quset Mobile data, in October 2023, Ele.me APP DAU 2154.6 million, Meituan takeaway APP DAU 17.4993 million, Meituan APP DAU 144 million. You know, Meituan APP is the main position of all businesses. Combined with past financial reports, Meituan takeaway also leads Ele.me in terms of annual transaction users.

What about Ele.me + Douyin? According to the data report released by "Douyin Life Service Business Observation" on January 2, 2024, in 2023, Douyin Life Service stores will exceed 4.50 million. Even taking into account deduplicate factors, on the supply side, Douyin + Ele.me will still have a considerable base.

In addition, the addition of Ele.me may recoup Douyin’s disadvantage on the supply side of small and medium-sized merchants. "Blue Hole Business" once mentioned in the article "Meituan, Can Use Magic to Beat Magic" that the high cost makes it difficult for small and medium-sized merchants to survive in Douyin. "If you don’t buy advertising and don’t have traffic, you will have zero sales."

On the demand side, Douyin’s traffic magic and Ele.me’s home consumption mindset are expected to make up for their previous shortcomings.

Different from Meituan, benefiting from the acquisition and Ali system, a large proportion of Ele.me’s loyal customers come from 88VIP members, which is characterized by strong spending power. Double 11 in 2023, 88VIP user scale broke through 32 million, and transactions increased by double digits year-on-year. According to Ali’s financial report, the average annual consumption of this group in 2022 reached 57,000 yuan, and the demand-side customer unit price may be expected.

From the perspective of supply and demand, Ele.me has been ahead of Meituan, and it may have new vitality. But whether it can win or not, the performance side is more critical. What Douyin wants most is also the delivery team of Ele.me. Capacity is the "card point" that Douyin takeaway cannot push, and it is also the "east wind" that Douyin only owes for the development of instant retail.

According to Ele.me’s official website, Hummingbird, its delivery platform, has 3 million active riders, including full-time and crowdsourcing; but according to a report released by Meituan in 2022, Meituan has 6.24 million riders. In fact, in 2019, Ele.me has more than 3 million riders, and Meituan is 3.99 million. With Ele.me losing ground, riders naturally flow to Meituan, which has a more dominant order volume.

Of course, the fulfillment of contracts does not rely solely on offline capacity. Offline delivery and online fulfillment are two sides of the same coin. It is rumored that Douyin only needs "delivery staff" and does not need "programmers". Ele.me is currently the second largest takeaway in the market after Meituan, and its fulfillment system is the closest option to contend with it.

After it was merged into Alibaba that year, Ele.me’s hummingbird system was the first to be transformed. Alibaba’s expectation for hummingbird was to rely on the foundation of takeaway services and cooperate with Alibaba’s retail "three-kilometer ideal life circle", which meant that in the past few years, hummingbird and Hema, Tmall Hourly, and first-line brand instant delivery have a long match, and the handling situation is far more complicated than food delivery.

At the same time, Hummingbird’s intelligent scheduling system has been supported by Alibaba Cloud. Now AI has become one of the core directions of Ali’s development, and Hummingbird’s computing power and iteration speed have been enhanced. Because Hummingbird is deeply bound to Ali, it has also become one of the arguments that Alibaba will not give up Ele.me. easily.

But Ele.me in the Ali system can only be said to be self-improvement, and whether it can resist Meituan requires a question mark.

Takeaway fulfillment has the characteristics of "multi-concurrency" and "strong randomness", and a strong online fulfillment system can be regarded as Meituan’s "moat". As Wang Xing said in the first quarter of 2023 earnings report: "If the takeaway business wants to complete each transaction efficiently, it needs a reliable order fulfillment system. We have accumulated a deep foundation in the consumer, merchant, and distribution network of the takeaway business, and it is difficult for other players to break through."

Another factor that cannot be quantified, but can determine the course of the war, is methodology and organizational ability.

On the one hand, the Know-How capabilities and takeaway talents accumulated by Ele.me are equivalent to directly giving answers to Douyin, who has been "running through the process"; but on the other hand, with the invasion of organizational culture and the migration of management authority after Alibaba’s acquisition, Ele.me’s core management has gradually lost, and its playing style is also very different from that of Zhang Xuhao’s era. Ele.me, which pursues cost control, has gradually shrunk into a regional player.

In the two years after Alibaba acquired Ele.me, morale was booming. Wang Lei, the earliest head of Alibaba’s department, also stated internally, "It turned out that Ele.me played Meituan on the first floor and the second floor, but now we are standing on the sixth floor."

At that time, Wang Lei participated in Double 11 and Double 12 with his local life, interacted with Youku and Juhuasuan, and connected with Autonavi and Hema. But from the first quarter of 2019 to the second quarter of 2020, Ele.me’s market share did not rise but fell.

An industry insider told Blue Hole Business that during that time, he went on a business trip to Shunde, Guangdong. Ele.me increased subsidies and launched activities in the local area, hoping to gain momentum in several of Meituan’s advantageous cities, but the results came to nothing. [The business of local life is more complicated than imagined, and the success of one city may not be replicated in all cities.]

A Meituan person once recalled with "Blue Hole Business" that at that time, Meituan did not regard the other party as a competitor when competing with Ele.me. "Although Meituan gave less resources than the other party in each city, it always got good results in the end. There is indeed a methodology."

Frustrated by the competition, Alibaba began to adjust its thinking. In July 2021, Yu Yongfu, known as the "integration master", took over local life and proposed the so-called "541 formation" and "four vertical and four horizontal" playing methods, but this was an internal staff that also had some unclear theories.

Falling on Ele.me, the strategy focuses more on key cities, which is the so-called "efficiency first, then scale", emphasizing the strengthening of instant retail and distribution capabilities in terms of capabilities, and paying more attention to festival marketing in terms of tactics, such as the repeated mention of "guess the answer to win the free order".

The key data obtained from the above actions is that Ele.me’s unit economic benefits continue to be positive, and its losses have narrowed year by year. But takeaway is always a low-margin business, and if you want to make money, you still need to do it on a large scale. Ele.me’s long-term strategy is to stop bleeding for Ali, but it is the opposite for Ele.me itself.

The local life battlefield is far more complicated than imagined, and it is unknown whether Douyin can recover the share that Ele.me has lost in the past few years.

Although Meituan’s share price fell every time the acquisition scandal broke, it proved the outside world’s attitude towards the deal. But even if the acquisition is completed, it is only an escalation of the war situation, not an end.

Headline reported today.

3,400 people, spent 10 billion, and "fought for Xiaomi car" for more than 1,000 days.

At 2 pm on December 28th, 2023, Xiaomi’s first car was finally unveiled by Lei Jun, founder, chairman and CEO of Xiaomi.

88 hours of publicity

This "grand meeting" of science and technology circles and bicycle circles officially kicked off four days ago.

On December 24th, Christmas Eve, Lei Jun sent Weibo: @ Xiaomi Auto at 10pm.

At 9: 00 a.m. on 25th, Weibo, the official of Xiaomi Automobile, released the first blog post, officially announcing the time and theme of the conference.

On the 25th, it was also the 1,000th day that Xiaomi announced the official construction of the car.

Before this, all kinds of news, spy photos, leaked photos and ID photos have stripped Xiaomi of his car. Lei Jun also said that "it is a great pity that there are always all kinds of leaks or rumors in the middle, which is really not our intention", and the team has been very low-key and pragmatic.

However, the enthusiasm and curiosity of rice noodles for Xiaomi cars have not decreased, but have been ignited by pictures and words that have been exposed again and again.

After the official announcement of the press conference, Weibo of Lei Jun began intensive publicity around Xiaomi Automobile.

On 25th, Lei Jun emphasized that "this time, only technology will be released, not products" and "Xiaomi Automobile will completely redefine the technology stack of the automobile industry, which will be a major leap in the technical field of the automobile industry".

This technology conference will be a comprehensive display of Xiaomi’s technology accumulation since its founding 13 years ago. Lei Jun predicted that "it will take a long time, so I hope everyone can prepare in advance".

On 26th, Lei Jun recalled the press conference that announced "Fighting for Xiaomi Automobile" three years ago. Lei Jun said that building an advanced mobile smart space is the mission of Xiaomi to build a car.

Lei Jun also answered several questions that netizens are most concerned about, such as the duration of the press conference and the origin of the name of Xiaomi SU7, and revealed the price information of Xiaomi car that everyone is most concerned about: "We haven’t made a final decision on pricing. However, Xiaomi SU7 is indeed a bit expensive. However, Lei Jun also stressed that "there are expensive reasons".

Intelligent driving has always been regarded as one of Xiaomi’s killer weapons. In August last year, Xiaomi’s autonomous driving technology made its debut. At that time, in the promotional video, Xiaomi was able to summon vehicles with one button, automatically navigate, automatically cope with some complicated car conditions, and independently parking service.

At that press conference, Lei Jun announced that the goal of Xiaomi’s autonomous driving is to enter the first camp of the industry in 2024, and the first phase investment of Xiaomi Automobile has reached 3.3 billion yuan.

On the 27th, Lei Jun not only promoted Xiaomi 澎湃 os and the whole ecology of people, cars and homes, but also launched the "tribute" series. Not only made posters, but also paid tribute to BYD, Weilai, Tucki, Ideality, Huawei and other car companies. In the evening, tribute lights were lit up in several cities.

There are several episodes here, in which BYD, Wei Lai, Tucki, Ideality and Contemporary Amperex Technology Co., Limited in Lei Jun’s words all responded enthusiastically. BYD also played the previous slogan "Together is China Auto".

However, Huawei’s terminal, which was attacked by Lei Jun at, didn’t respond, probably because it wanted to emphasize the difference between itself and Xiaomi again. Huawei doesn’t make cars.

However, some netizens thought that Huawei didn’t respond. Some netizens left a message in BYD Weibo, saying that "this is the leading brother".

Yang Xueliang, senior vice president of Geely, who was not at, was very active, sending several messages in succession, such as "Come on, although not saluted, we still open our chest to welcome new players in", "Too late", "I can’t understand", "2024 is the first year of salutation", "If people always want to be saluted, it will be over, but if people always want to salute others, there is no promise" and so on.

Yang Xueliang is so active, there may be three reasons besides the traffic of Xiaomi.

First of all, it may have broken some defenses without being named by Xiaomi. After all, Geely is also one of the world’s top 500 enterprises, and it is also vigorously transforming into new energy sources.

Second, it is said that Xiaomi Automobile has dug many lucky people, such as Hu Zhengnan, an executive of Xiaomi Automobile. Hu Zhengnan once held the positions of President of Research Institute, Senior Vice President and Director of Product Technology Management Committee in Geely Automobile. At this conference, some fans also expected President Hu to give a speech on stage.

Third, and most directly, last night was the launch conference of Krypton 007, but Xiaomi stirred it up. Earlier, we issued a document explaining the reasons why the top executives organized a group to visit Xiaomi. And when Yang Xueliang broadcast live on the press conference of Krypton 007 in Wentu last night, he also left a message saying, "We don’t compete with Xiaomi" and "(Xiaomi SU7) surpasses 007, try it".

Xiaomi’s conference was also supported by many auto-related technology companies. Under Xiaomi Auto Weibo, Internet and auto parts manufacturers including Gaode Map, Cool Dog Music, Nexter Auto System and ZF (auto parts supplier) left messages in support.

This morning, at 6: 35, Lei Jun released Weibo’s "I was a little excited today and woke up early". At 12 noon, another set of photos of SU7 Bay Blue was released.

Everything is ready, just waiting for the afternoon conference.

3-hour press conference

Lei Jun comprehensively introduced the technology of Xiaomi Automobile from five aspects:

Super motor

Xiaomi released its own research and independently produced super motors.

Super motor V6 series, the speed can reach 21000rpm. On the first mass production model SU7, Xiaomi V6/V6s motors have been installed, which were jointly developed with UMC and Huichuan respectively.

Super motor V8s is made of high-strength silicon steel, with the strength as high as 960MPa, and adopts bidirectional oil-cooled heat dissipation technology, with the efficiency jumping by 50%.

The V8s has a maximum speed of 27200rpm, a maximum horsepower of 578ps, a peak power of 425kW, a peak torque of 635N.m, a maximum efficiency of 98.11% and a power density of 10.14kW/kg.

V8s is expected to be mass-produced in 2025.

The super motor in the experimental stage adopts carbon fiber laser winding process, and the pre-research in the laboratory has achieved 35000rpm, which is still some time away from mass production.

In the field of motor electronic control, Xiaomi has applied for 155 patents and authorized 60 patents.

Super battery

Xiaomi Automobile released an 800V carbonized high-voltage platform with a maximum voltage of 871V, which is "a real 800V high-voltage platform" and equipped with CTB integrated battery technology, with the highest volume efficiency of 77.8% in the world.

In terms of safety, Xiaomi battery has passed the most stringent thermal failure safety standards in the world, with 17 layers of high-voltage insulation protection, the largest cooling area of 7.8m2, and 165 pieces of aerogel insulation. Xiaomi Che Yun also cooperates with the security early warning system.

At the same time, Xiaomi Automobile adopts the industry’s first battery inversion technology to ensure the safety of the passenger compartment to the greatest extent.

Lei Jun said that Xiaomi Automobile is determined to be the king of electric vehicles in winter.

Xiaomi has built its own battery pack factory. In the field of batteries, Xiaomi has applied for 132 patents and authorized 65 patents.

Super die casting

Xiaomi is super die-cast, reaching 9100 tons, with full stack self-research and full link independent design. This figure also exceeds Tesla’s factories in Shanghai and the United States.

At the press conference, Lei Jun introduced Xiaomi Titan Alloy, a self-developed alloy material of Xiaomi, and said that Xiaomi Automobile is the only automobile factory in China with mass-produced self-developed alloy materials.

At the same time, self-developed structural design, 72-in-1 integrated die-casting rear floor and three-stage rear floor anti-collision design were also introduced.

Intelligent Drive

Intelligent driving is essentially AI. Xiaomi started all in AI in 2016 and currently has 3,000 AI engineers.

Lei Jun introduced that the investment in smart driving Xiaomi is determined. The smart driving team of Xiaomi Automobile has 1,000 people and 200 test vehicles.

Xiaomi’s full-stack self-developed intelligent driving technology, with a total investment of 3.3 billion yuan in the first phase, has now increased to 4.7 billion yuan, and its goal of autonomous driving is to enter the first camp in the industry in 2024.

Xiaomi Auto released auto-driving technologies such as zoom BEV, super-resolution occupation network technology and large road model, which will support three functions: high-speed navigation, urban navigation and parking service.

Lei Jun said that it plans to open 100 cities to pilot NOA by the end of next year.

Intelligent cockpit

Xiaomi Automobile Intelligent Cockpit is equipped with Qualcomm Snapdragon 8295 chip, based on surging OS technology, which is mainly composed of 16.1 central control ecological screen, flip instrument screen, 56 "HUD and rear expansion screen, and can realize five-screen linkage.

Lei Jun said that it has created an exclusive CarIoT ecosystem for Xiaomi Automobile. At present, CarIoT ecosystem is fully open to third parties. Apple users also have a good experience in driving Xiaomi car. Xiaomi car supports wireless CarPlay, AirPlay and even iPad, which can control the air conditioning, music and seats of the car.

Xiaomi 澎湃 OS officially got on the bus, and "the whole ecology of people and cars" was closed.

Xiaomi Auto officially released Modena’s technical architecture, and Lei Jun said that the design target is 100 "industry-leading" technologies.

Xiaomi automobile

Xiaomi SU7, which was almost stripped before the press conference, officially released the official map.

Xiaomi SU7, positioned as a C-class high-performance eco-technology car, is a car that Lei Jun hopes to be "comparable to Porsche and Tesla".

Xiaomi SU7 has three color schemes, namely "Gulf Blue", "Elegant Grey" and "Olive Green". With a length of 4997mm, a width of 1963mm, a height of 1440mm and a wheelbase of 3000mm, Xiaomi SU7 has the lowest drag coefficient Cd 0.195 for cars in the world.

Lei Jun also introduced Xiaomi SU7′ s drop-shaped headlights, light ring taillights, 175-degree ripple surface and semi-hidden door handles.

In terms of interiors, Xiaomi SU7 has introduced three models, namely Galaxy Grey, Twilight Red and Obsidian Black. In addition to the five screens mentioned above, it is also equipped with a wraparound cockpit, a suspended instrument panel, a 5.35㎡ vehicle glass surface and a three-spoke D-shaped steering wheel.

Xiaomi SU7 has a C-class large space, 1012mm front vertical seating space and 105mm rear knee space; 517L trunk, China pure electric vehicle maximum 105L front case.

Xiaomi SU7 has a zero acceleration of 2.78 seconds, a zero braking of 33.3 meters and a top speed of 265 km/h..

In terms of battery life, Xiaomi SU7 is equipped with Xiaomi-Contemporary Amperex Technology Co., Limited battery, with a battery capacity of 101kWh, a cruising range of 800km under CLTC condition and a battery life of 220km after charging for 5 minutes. At the same time, it has good low-temperature performance.

In terms of safety, Xiaomi automobile adopts the armored cage steel-aluminum hybrid body design, with high-strength steel and aluminum alloy accounting for 90.1%, the highest strength reaching 2000MPa, and the torsional stiffness of the whole vehicle reaching 51000 N m/deg. Xiaomi Automobile has completed 40+ crash tests and is equipped with 7 airbags.

In addition, Xiaomi is equipped with 16 active safety technologies, including self-developed active safety simulation verification system and self-developed "4D space-time labeling" technology.

The price of Xiaomi SU7 has not been announced yet. However, when Lei Jun introduced the SU7 battery, he said, "Don’t pay 99,000 yuan, don’t pay 149,000 yuan." "There are more than 100,000 battery packs. What are you thinking? 」

1003 days

Lei Jun said that Xiaomi Automobile is already in small-scale mass production, but it will take another few months and a lot of verification before it can be officially released.

On March 30, 2021, Lei Jun officially announced Xiaomi to build a car at the press conference. At that time, Lei Jun’s cold was very serious, his voice was hoarse, and his speech was very difficult, but he still insisted on finishing the whole press conference.

After that, every dynamic of Xiaomi Automobile was put in the spotlight. For example, the official application for the trademark of Xiaomi Automobile, the acquisition of Shendong Technology, the incorporation of Xiaomi Automobile Co., Ltd. and the photo of 17 core members, the production base of Xiaomi in Yizhuang, and various leaked news in the later period.

Today, the Xiaomi Auto Conference was held in Beijing National Convention Center. "From Beijing Xiaomi Science and Technology Park to Beijing National Convention Center, the straight-line distance is just over 20 kilometers, and we walked for 1003 days."

"Through 15-20 years’ efforts, we will become the top five automobile manufacturers in the world and strive for the all-round rise of China’s automobile industry. This is Lei Jun’s long-term goal for Xiaomi Automobile.

But at the moment, Xiaomi Automobile will face many challenges. For example, whether the final pricing can satisfy users, how much sales can be achieved next year, and even the proud autonomous driving has already become a compulsory course for various new energy manufacturers.

And the new energy battlefield has also been fierce. Xiaomi car jumping from one red sea to another, "is it too slow?"

But in any case, Xiaomi Automobile has shown its own strength and determination to "lead in an all-round way" and officially participated in the competition in the new energy market.

When the horn sounded, the war was on the verge.

1905 movie network news On February 22, the comedy film "Mr. Red Carpet", directed and starring, held a launch ceremony in Shenzhen. Director Ning Hao, starring Andy Lau, and actors, actresses,, and Zhou Wei attended together.

Therefore, Ning Hao and Andy Lau, who became attached, finally cooperated for the first time in the movie. Andy Lau shouted excitedly: "Finally waiting for you!" Director Ning Hao also said: "It’s time for us to play!"

It is reported that the film tells the comedy story of Hong Kong’s aging star working with mainland directors in order to "turn red" and will be released nationwide in 2023.

Andy Lau

The movie "Mr. Red Carpet" tells the story of Liu Weichi, an aging star played by Andy Lau, who collaborates with a major director to make a comeback. He goes deep into the countryside to experience life, but his arrogance triggers a series of endless farce. Ultimately, he has an epiphany that being sincere is the most precious quality, and his life has been transformed and restored to beauty.

Celebrities come to the countryside to experience life, such a farce makes people laugh just thinking about it. And Andy Lau plays an outdated Hong Kong star, such a contrast setting is even more exciting, and it also fills the expectations of the film’s comedy properties.

At the launch ceremony, the lead actor Andy Lau said: "After waiting for so many years, we finally waited. I hope we can make a good show!" Director Ning Hao also borrowed the good fortune of the launch to cheer for the whole crew: "Today is a once-in-a-lifetime good day, February 22, 2022, so many good things come in pairs, it’s time for us to play!"

In 2006, the director Ning Hao received 3 million funding from Mr. Lau’s "Asian Rising Star Directing Project" to shoot "The Dark Horse" and "Crazy Stone", and created the film style of "black comedy", which made a sensation that crazy summer. For years, audiences have been hoping that Director Ning Hao and Andy Lau can work together on a film to satisfy audiences’ wishes.

Sixteen years later, "Mr. Red Carpet" was finally born, and the collaboration between the two big names was highly anticipated. At the same time, it also made everyone speculate, what kind of comedy is this? What kind of sparks will the two top figures in the field of directing and acting collide? The final "laugh" is expected.

　　Newspaper (reporter Meng Huan) can use WeChat, Alipay to pay the taxi fare conveniently, effectively prevent taxi drivers from changing the price without permission… This morning, the reporter learned from the Municipal Transportation Commission Transportation Management Bureau that the city’s taxis have begun to pilot the real-name meter system, and gradually promote the installation this year. There are about 60,000 to 70,000 taxis in the city. At present, Beijing is regulating taxis through scientific and technological means. The city has piloted the installation of this intelligent vehicle end point all-in-one machine on more than 10,000 taxis, including Crescent Moon, BAIC, Yuyang, Wanquan Temple and other taxi companies. Some pure electric taxis in the suburbs have also begun to be installed.

　　The reporter found yesterday that the service supervision card previously placed in front of the co-pilot position has been changed from a paper version to an electronic version, and the position has also been moved to the bottom of the meter to become an electronic screen. The screen displays the relevant information of the taxi and the driver. You can not only see the license plate number and the company to which the vehicle belongs, but also see the identity information of the driver and check the information of his qualification certificate.

　　This all-in-one machine has electronic payment function, satellite positioning function, driver electronic certificate identification and identity authentication function, and has the function of accepting electric calls and industry shunting services, and supports driver identity and pricing information display. Passengers can pay through a variety of mobile payment methods according to the fare displayed by the all-in-one machine. It not only supports a variety of bank cards with UnionPay logos, but also supports common mobile payment methods such as WeChat and Alipay.

　　The regulator can see the operation of the vehicle, the end point all-in-one machine and the driver’s qualification card are used in conjunction. The driver can only get on the bus and swipe the qualification card issued by the transportation department to sign in electronically, and the meter can be used to charge and invoice. Not only can it effectively prevent cloning taxis, but also it can prevent drivers from subcontracting taxis to unqualified personnel.

　　The newly installed smart car end point all-in-one machine in taxis has a new function specially designed to encrypt the meter, which can prevent the driver from changing the amount without permission. Moreover, a taxi all-in-one machine corresponds to a meter, and the meter cannot be removed from the machine. Even if it is forcibly removed, it cannot be installed on other machines, and it is basically impossible to copy. Previously, some criminals "cloned" a taxi through illegal auto repair shops and then configured a full set of taxi equipment to modify the meter. Because the license plate number is fake, the "cloned car" driver will have no scruples and charge high fares by modifying the meter. There are also some taxi drivers who overcharge by modifying the meter to obtain illegal income.

　　Master Huang, the driver of Wan Quan Yuan Taxi Company, said that the intelligent end point machine was installed about a month ago, and the company still has some old vehicles that are about to be phased out. According to the person in charge of Beijing Yuyang Taxi Company, more than 1,500 vehicles in Yuyang Taxi Company have been replaced with new equipment, and more than 500 vehicles will be installed with new equipment.

　　It is also understood that the current taxi company authorities have not yet required the use of this equipment, so some taxi companies have not yet installed it, especially some smaller taxi companies, which have not been equipped with new equipment due to financial reasons.