China Fund News reporter, Wu Yu

NIO, which went public last year, has not had a good time this year, especially in March.

At the beginning of the month, NIO released its first financial report since its listing, and the huge loss of up to 9.64 billion yuan made investors vote with their feet, and the stock price plummeted by more than 20%.

At the same time as the release of the financial report, NIO announced that it would suspend the self-built factory project in Jiading, Shanghai; subsequently, it was exposed that the number of deliveries was tricky, and the company was laying off a large number of employees and other negative news. Although NIO responded to this, in less than a month, NIO’s share price has nearly halved, and its market value has evaporated by 4.63 billion US dollars (about 10.36 billion yuan).

In addition, it has also been hit by Tesla’s price cuts and the opening of a factory in Shanghai.

Recently, NIO CEO Li Bin issued an internal letter acknowledging that NIO has experienced staff redundancy and will optimize the existing team by 3% in the first half of this year.

Losing nearly 10 billion a year!

NIO’s share price nearly halved

At the beginning of the month (after hours on March 5, Eastern Time), NIO released its first financial report since going public.

According to the financial report, in 2018, NIO is still in a huge loss, and the loss range is still expanding. According to the financial report, in 2018, NIO’s total revenue was 4.95 billion yuan, and the net loss was 9.64 billion yuan, an increase of 92% from 2017.

At the same time as the earnings release, it announced that it would suspend its self-built factory project in Jiading, Shanghai.

The reason behind NIO is explained as, on the one hand, the government’s approval and recognition of the "OEM" model in the new industrial investment management policy; secondly, from the perspective of investment efficiency, the existing partner production capacity can meet NIO’s product demand within 2 to 3 years. At the press conference, NIO said that the third car will also be expected to be produced in Jianghuai. In the release, Li Bin also said that based on the above strategy adjustment, NIO will have medium and long-term expenditure savings, which can make the company’s entire business cash flow richer.

Investors voted with their feet. After the company released its financial report, its share price plunged 21.16% on March 6, fell another 11.5% the next day, and then continued to decline. As of the evening of March 22, in 13 working days, NIO has fallen by 44.7%, the stock price has nearly halved, and the market value has evaporated by 4.63 billion US dollars (about 10.36 billion yuan).

Suspected by large-scale layoffs, sales fraud, etc

NIO says it’s a fabrication

The house leak happened to rain overnight. Subsequently, suspected NIO employees posted in Zhihu to expose NIO’s large-scale layoffs, sales fraud, and employee rebates.

An online user claiming to be a former NIO employee, "Paper Child", broke the news on Zhihu that NIO claimed that the delivery of 10,000 cars was the result of "self-directed and self-performed", and most of the 10,000 orders were purchased by NIO internal employees.

According to Paper Child, NIO introduced an internal policy whereby employees bought the ES8, a NIO production car, and the company leased the car back for 15,000 yuan a month for the first three years, for a total rent of 540,000 yuan for the three years. For employees, this is equivalent to the company giving themselves a free car, plus 80,000 yuan in cash.

"Paper Child" also broke the news that NIO is laying off a lot of staff, and pointed out that there is a problem with NIO’s credit review and car purchase process, and Chen Rui, the head of NIO’s financial department, is suspected of eating kickbacks.

At present, the leaks of "Paper Child" have been deleted on the grounds of "infringing on corporate interests".

On March 22, NIO officials issued a statement saying that the so-called "sales fraud" and "significant layoffs" were purely fabricated. The statement of NIO employees’ misconduct is purely subjective and lacks factual basis.

Regarding the above revelations, NIO said that as of the end of February 2019, NIO had delivered a total of 13,964 ES8s, of which only 2% were ES8s purchased by employees and shared with the company after purchase. At the same time, as a start-up, NIO has entered the stage of refined operation and systematic efficiency improvement, and will adjust its business structure and respond to the optimization of its personnel structure according to its development strategy. At the same time, it will continue to attract outstanding talents to join.

NIO said that the publisher’s statement about the misconduct of NIO employees is purely subjective and lacks factual basis. It strongly condemns such malicious slander of NIO employees. NIO reserves the right to pursue legal action against the publisher of the rumor if the employee involved in the rumor.

The following is the full text of NIO’s official statement:

However, netizens are still not convinced by NIO.

Tesla’s impact: price cuts + domestic production

As an electric vehicle manufacturer with a high-end market positioning, NIO is often benchmarked against Tesla. In recent days, Tesla has made frequent moves and launched a fierce attack on the Chinese market: the Shanghai Super Factory has been opened, Model 3 has been launched in the Chinese market, and major price cuts have become the focus of the market. Industry insiders believe that this will have an impact on domestic electric vehicle manufacturers.

In January 2019, Tesla’s Shanghai Super Factory broke ground and is expected to be completed and put into production by the end of this year. Elon Musk said that the factory is mainly used to produce Tesla Model 3 entry-level models, and will also take on the production capacity of Model Y and electric trucks in the future, so as to achieve local production in China.

On February 22, Tesla’s entry-level model Model 3 officially landed in the Chinese market. Then Tesla announced that the price of all models has been continuously reduced. Mainly looking at the Model 3, which is similar to the ES8 price range, the long-life rear-drive version of the Model 3 sold in China has dropped from 433,000 yuan to 407,000 yuan. The long-life four-wheel drive version has dropped from 499,000 yuan to 455,000 yuan. The long-life high-performance version has dropped from 550,000 yuan to 516,000 yuan.

This price range coincides with the ES8 and will also dilute some ES8 user requests.

However, in the face of Tesla’s drastic price cuts, Li Bin, founder and chairperson of NIO, said that NIO will not use price cuts to expand the market. "We have seen that our competitors have recently reduced prices several times. We think it may be the pressure of competition. In fact, continuously lowering prices is a great harm to the brand and consumer loyalty. In the long run, price cuts are not our strategy to expand the market. We will increase user loyalty and satisfaction through service innovation."

Li Xiang, CEO of Che Hejia, regards Tesla’s entry into China as a threat to the current domestic "vaunted" electric vehicle brand. Li Xiang bluntly stated that the cruising range of domestic electric vehicles is "false" propaganda, and also said that with Tesla’s domestic production, the domestic electric vehicle "good days will soon come to an end".

On March 15, Tesla held a new model Model Y conference, starting at only 260,000 yuan! By 2020, Tesla is about to achieve domestic production, and will sweep the Chinese electric vehicle market at a lower price. Many voices in the industry believe that for domestic cars, this is "wolf".

Li Bin acknowledges NIO staff redundancy

Will optimize to 3%

On March 22, Li Bin, founder, chairperson and CEO of NIO, issued an internal letter confirming the company’s goals and key actions for this year and the next three years. Li Bin said that the company has passed the team training stage and entered the second stage of qualification. The three highest priority work goals are: user satisfaction, improving operational efficiency, and developing the second-generation platform.

In his internal letter, Li Bin acknowledged that NIO has experienced some staff redundancy during its four years of rapid development, and said that in the first half of this year, the total number of people will be controlled within 9,500, which is 3% better than the current situation. In addition to staff redundancy, it is also necessary to improve the efficiency of budget and investment, which is reflected in the efficient use of already invested facilities, such as energy service networks, NIO centers, and test drives.

Li Bin mentioned that there have been many voices of skepticism about NIO recently, some of which are false rumors based entirely on speculation. "The world does not owe us an understanding. In today’s era where everyone can speak out, doubts and even rumors will be a reality we need to face on the way forward for a long time in the future. We need to be objective and calm about doubts and criticisms. If there are any, we will take necessary measures to correct them."

The following is the full text of Li Bin’s internal letter:

Dear colleagues,

At the annual meeting in January, I said that the company had passed the team training stage and entered the second stage, which is the qualification stage. In the next three years, we need to go all out to win the qualification to participate in the future competition. During the qualification stage, our top three priorities are: user satisfaction, improving operational efficiency, and developing the second-generation platform.

When the goal is clear, we need to focus on action. Just like our logo means, Vision, Action, with goals and actions, we can achieve the vision. Starting this year, we will implement the working method of VAU, which is the working method of "Vision Goal-Action-Upgrade".

Last weekend, the company’s management team held two days of intensive discussions to clarify the company’s goals and key actions for the year.

Goal 1: Complete the annual user relationship development plan

The user relationship development plan is relevant to everyone, not just the task on the UE side.

Action 1: Enhance user satisfaction

Satisfied users are the cornerstone of NIO. Delivering promised product functions and services on time, maintaining close and sincere communication with users, and solving problems in the process of car purchase and use from the user’s perspective are the awareness and ability that every colleague needs to have.

Action 2: Deliver ES6 on time and in quantity

ES6 is a strategic product for NIO and will enter a larger market segment. Mass production of ES6 is currently on schedule. Please work closely with engineering, software, supply chain, XPT, manufacturing, quality, service operations, and regional teams to ensure smooth delivery of high-quality ES6 starting in June and ensure that subsequent production deliveries can meet market demand in a timely manner.

Action 3: Take the initiative to communicate with the outside world, so that more people can understand the real NIO

Take the test drive as the core experience, let more people know about NIO products; take offline activities as the main scene, let more people accept the NIO brand. Please communicate with everyone who comes into contact with us based on the values of sincerity and care, and become a reliable friend of users.

Objective 2: Significantly improve operational efficiency

In the past four years, we have achieved a lot of achievements that we are proud of, seizing the fleeting time window to complete the first phase of the strategic goals, but also the organizational structure and operation management are not detailed enough. From this year, we will not only do a good job in strategic execution, but also significantly improve operational efficiency to ensure that the company can continue to grow.

Action 1: Organizational Efficiency Optimization

After four years of rapid development, we have established a global organization. After rapid development, there have also been some repetitive department settings, unclear work tasks, unclear responsibilities, and insufficient workload for some positions. These are the management efficiency optimization tasks that we need to solve this year. After completing the above work, the total number of people will be controlled within 9,500 in the first half of this year, which is about 3% better than the current situation.

We also need to strengthen collaboration and communication among various departments, and use VAU as a working method to ensure that departments work efficiently based on consensus.

Action 2: Increase the efficiency of the use of budgets and investments

We need to optimize the budget and usage rhythm of each project, and resolutely not spend unnecessary money to ensure the efficient use of funds. For changes to the project plan, we must communicate and inform relevant parties in a timely manner to avoid unnecessary waste of investment. For facilities that have already been invested, such as energy service networks, NIO centers, and test drives, we must ensure efficient use.

Action 3: Significantly increase gross margin

Gross profit margin enhances the long-term competitiveness of the company, and relevant colleagues need to have cost awareness based on systematic efficiency.

Objective 3: Complete the launch of the second-generation platform NP2

2019 is a crucial year for NP2, and the quality of our execution is directly related to the competitiveness of the "final stage".

Action 1: Formation of the definition and development plan for the second-generation platform and its first product.

Action 2: Complete the cooperation layout between autonomous driving technology and the supply chain.

Action 3: Establish a certain-scale autonomous driving test fleet.

The above are the main goals and action plans of the company this year. In the near future, each department head will formulate annual and quarterly target action plans based on this, and they will be improved and updated quarterly. VAU will become the main efficiency improvement method of NIO, and I encourage each colleague to improve their own work effectiveness accordingly.

Dear colleagues, there have been many voices of skepticism about NIO recently, some of which are false rumors based solely on speculation. The world does not owe us an understanding. In today’s era where everyone can speak out, doubts and even rumors will be a reality we need to face on the way forward for a long time to come. For doubts and criticisms, we need to treat them objectively and calmly, and if we do, we will take necessary measures to correct them. The most important thing is that we need to focus on goals and actions, and constantly improve ourselves with unremitting efforts. We must not only look up at the stars, but also be down-to-earth. Improving the efficiency of enterprise operations, optimizing personnel and business structure, working hard, and reasonably controlling the rhythm of Strategy and Development will be important themes in the next stage. We will use this to repay the trust and expectations of users, partners, investors and all friends who care about NIO.

All predictable difficulties are work tasks, and we continue to work hard!

"Dragon and Phoenix Fight"

This film, which was released in 2004 and starred by Andy Lau and Zheng Xiuwen, has a rating of 6.7 on Douban, which is not only far lower than a number of classic Hong Kong films that have been rereleased before ("Eastern Heretic: The Ultimate Edition" 8.7, "A Ghost Girl" 8.6, "Sweet Honey" 8.8, "Journey to the West: The Great Sage Married" 9.2, "The Grandmaster of the Generation" 7.8), even in the works of director Johnnie To, it is not a masterpiece.

　

A list of some reruns of Douban movies in recent years

Therefore, as soon as the replay news was announced, some people said that the filmmakers were trying to make money.

　

Is it money? We give the choice to the audience. If the audience supports the show and the film company makes money, it means that the business vision is good; if the box office is not good, it loses the publicity fee for the replay, which is also the film company’s own money.

However, we found that in recent years, only one domestic movie, "Journey to the West: The Great Sage’s Marriage", has grossed over 100 million yuan.

So what kind of movie is "Dragon and Phoenix Fight"?

　

That has to start with Galaxy Images, the production company headed by Mr. To.

　

Galaxy Image

As is known to all, Galaxy Image is most respected by fans for its many stylized works, such as "The Birth of a Word", "Two Can Only Live One", "Dark Flower", and "Gunfire" in the late 1990s.

From left: "The Birth of a Prefix", "Two Can Only Live One", "Dark Flowers", "Gunfire" posters

The fate of shooting this kind of gray, violent and fatalistic work is usually not to be popular. Therefore, Galaxy Imaging once struggled to operate.

　

In order to survive, Mr. To and Mr. Wei also led their colleagues to make commercially successful films, earning money to make stylized works. Among these hit films were the romantic films "Lonely Man and Widow" and "Slimming Men and Women" starring Andy Lau and Samuel Cheng.

　

"Alone Man and Widow" "Slimming Men and Women" poster

Released in 2000, "A Man and a Woman" is about office romance, full of fun and a sense of the times. In the Hong Kong market at that time, it won 35.21 million Hong Kong dollars at the box office.

2001 released "slimming men and women", handsome men and beautiful women into fat boys and girls, is the biggest point of the movie, the plot is easy and funny, loved by urban audiences, the box office 40.32 million Hong Kong dollars.

　

The current hot sale of "Ex 3: Goodbye Ex" is to capture the psychology of lovelorn syndrome and provide relief channels for those who are unhappy on the emotional road. The "Lonely Men and Widows" and "Slimming Men and Women" of that year are a tender and delicate depiction of the emotional life of urban men and women, and presented in a light comedy way, which played a role in soothing the soul, and achieved a great harvest at the box office.

　

"Ex 3: Goodbye Ex" stills

The 2004 release of this "Dragon and Phoenix", in the genre of comedy and love, the story of stealing a beautiful enemy, and the combination of "Johnnie To + Andy Lau + Cheng Xiuwen", won the Hong Kong market box office that year 15.30 million Hong Kong dollars.

"Dragon and Phoenix Fight" stills

　

"Dragon and Phoenix" has also been released in the mainland, and the box office is not very good. The reason is that the film girl believes that it is caused by the contrast between the story before and after the film. Most of the first half of the movie, the hero and heroine of the two thieves fight wits, which makes people think it is a dazzling theft movie, but in the end it ends with love as an excuse, and it is anticlimactic.

　

So is this "Dragon and Phoenix Fight" worth watching? Yingmei invited a few senior Hong Kong film fans who have seen this film to score and make short comments for your reference.

　

Zhao Zhu (screenwriter) 75 points

The peak plays of Du Qifeng and Wei Jiahui, the best "thief partner" of Andy Lau and Zheng Xiuwen. The concept of love in life and death, after the package is flipped layer by layer by the thief couple’s wits and courage, has actually dispelled some of the tragic colors, so there are still many audiences who will express their puzzlement and dissatisfaction with Zheng Xiuwen’s happy smile at the end. But compared with the current environment of domestic films, Wei, Du, Liu, and Zheng are all at their peak. It is recommended to watch.

　

Nine Lives (Film and Television Practitioner) 65 points

　

The plot is too ordinary, and the Galaxy Imaging movie works are at a lower middle level, right? But Andy Lau and Zheng Xiuwen, a classic Hong Kong movie CP, are still worth revisiting on the big screen, and the soundtrack is good.

　

Kitty (Film New Media Editor) 70 points

To Qifeng + Andy Lau + Cheng Xiuwen, there is a beautiful atmosphere of the golden age of Hong Kong movies. Especially the elements such as Nokia mobile phones and jumping beads, it is full of nostalgia. For some reason, I always feel that the character and plot in Andy Lau’s film are very similar to "Dark War". Although I can guess the ending halfway through, I can’t help but keep watching with a smile on the corner of my mouth. This is probably the charm of Hong Kong classic romances. And the ending is very touching.

　

Cui Ding (editor of the film website) 70 points

The film that Du Qifeng and Wei Jiahui cooperate in is full of all kinds of wit and humor. The old couple walks in the rivers and lakes, obviously in love, but they are going to separate. It is a modern love story, but the core is very retro and legendary.

　

Wang Jiachuan (Editor-in-Chief of Film Media) 65 points

It can be seen as the last installment of Andy Lau’s CP trilogy. Although there are also small sentiments, small pleasures, and small contradictions, it ends with a big tragedy. To Qifeng is not filming the confusion of love, but the supremacy of love.

　

The re-release date of "Dragon and Phoenix Fight" is February 10, that is, this Saturday, referring to Valentine’s Day on February 14. When Andy Lau and Zheng Xiuwen return to the classic screen CP, they bring people not only the emotion of the fleeting of Shaohua, but also the beauty of the frozen time frame.

So, would you go to the cinema for them?

　　Passengers can scan the "taxi smart code" to experience real-time itinerary inquiry, service evaluation and complaint, fare payment and other functions.

　　Yesterday morning, the Xi’an Taxi Management Office and Xi’an Taxi Association released a new type of service supervision card for Xi’an taxis. The content displayed on the card includes Xi’an’s unified "taxi payment code" and the country’s first "taxi smart code". The reporter learned that passengers only need to scan the "Xi’an Taxi Smart Code" to realize real-time itinerary inquiry, service evaluation and complaint, fare payment and other functions.

　　Real-time information can be known on the "code" to efficiently ensure passenger safety

　　The newly released Xi’an Taxi’s new service supervision card can not only display the driver’s photo, name, license plate number and other information, but also add two new functions: "Xi’an Taxi Smart Code" and "Xi’an Taxi Payment Code". The reporter found that the new service supervision card is not only placed in front of the co-pilot, but also intimately set up a service supervision card in the back row to facilitate passengers to scan the code.

　　After the trip starts, passengers can enter the WeChat Mini Program of TikTok Travel by scanning the "smart code" on the service supervision card to "claim" their trip. At the same time, the information queried and the information of the actual ride are verified through the "smart code", which can effectively identify cloned cars and condominium cars. It is worth mentioning that the "smart code" provides an itinerary sharing function. Passengers can share the ongoing itinerary with their family and friends. The party who receives the itinerary sharing can monitor the driving track of the vehicle, the specific information of the driver and the vehicle in real time, providing more security for passengers to travel. In addition, the "smart code" is linked to the GPS data in the taxi, and passengers can scan the code to estimate the journey cost in advance, and can view the real-time travel track, driving speed, travel direction, and see if there is a yaw or detour.

　　After the trip, the "smart code" is connected to the in-car meter in real time. The driver lifts the meter to stop charging, and the fare displayed on the meter will directly bounce to the passenger’s mobile phone. Passengers can pay directly, and there is no need to manually enter the fare, which avoids the situation that passengers will enter errors and overpay when paying the fare through their mobile phone.

　　Anonymous service evaluation anti-violation "code" is more convenient to pay

　　In order to fill the gap in service evaluation of traditional cruise taxis, the "Smart Code" launched this time has been integrated into the evaluation system. Passengers can anonymously evaluate drivers from five dimensions: "Communication Politeness", "Quiet and Not Disturbing", "No Odor in People and Vehicles", "Clean and Comfortable Environment" and "Safe Driving". Drivers with high passenger satisfaction can receive priority orders and service rewards, which will also be used as a reference condition for the first evaluation in the industry.

　　For drivers with poor service, passengers can also make anonymous complaints through the "smart code", and the complaint content, itinerary information, driver information and other data will be transmitted in real time to the complaint acceptance department of the Municipal Taxi Administration for investigation and handling. Compared with telephone complaints, the "smart code" is more efficient, and it is easier to identify service violations such as detours and overcharges, which can effectively ensure the rights and interests of passengers.

　　In the payment process, in addition to scanning the "smart code" payment, Bank of Xi’an also provides a "seven-in-one" aggregate payment method. Passengers can complete the payment by scanning the "payment code" on the new service supervision card. It supports seven methods such as WeChat and Alipay, and also supports savings card and credit card payment, providing more options for passengers to pay conveniently. The fare will be directly credited to the driver’s bank card, without the need to withdraw again through the payment platform, saving the driver the withdrawal fee.

　　"IoT + Big Data" empowers taxi operations

　　The release of the new service supervision card and "taxi smart code" is the first time that the data of the Internet platform and in-car facilities has been connected in the national industry, marking an important step in the deepening reform of the taxi industry in Xi’an and the process of reducing the taxi network in Xi’an. The taxi industry in Xi’an plans to complete the first batch of 3,000 vehicles by August 31, and then complete the laying of all "taxi smart codes" in the city.

　　The reporter learned that the "smart code" uses the Internet of Things technology to integrate the information data of Yangzhao taxis, predict the demand for taxis through travel demand heat map and big data analytics, and rationally allocate urban taxi resources during peak hours to alleviate the problem of difficult taxis during peak hours. Help taxi drivers reduce empty driving rates and improve operational efficiency.

　　"The integration of old and new formats in the taxi industry is the trend of the times. Traditional cruise cars and online taxi-hailing cars should learn from each other, learn from each other’s strengths and complement each other’s weaknesses, and jointly provide passengers with high-quality and safe travel services." Wang Jian, director of Xi’an Taxi Management Office, said that the "smart code" is an important attempt launched by Xi’an taxi industry in the country. I hope citizens and drivers can actively use it and give more opinions.

　　It is understood that during the launch of the "smart code", both drivers and passengers can get rich rewards for using it. Taxi drivers who activate the new service supervision card can enjoy the first 5 yuan bonus, and if there are more than 60 transactions in the month, they can get a 30 yuan bonus; passengers can get different amounts of ride ticket rewards by scanning the code to complete the service evaluation of the driver, and the driver can also get the evaluation bonus. In the next step, the "smart code" will also launch electronic invoices, yaw reminders, lost and found, taxi combination, enterprise payment and other functions to continuously improve the service quality of cruise taxis in the industry. (Text/Photo, Reporter, Guo Peiran)

　　As an important supporting regulation to deepen the reform of the taxi industry, yesterday, the Ministry of Transport announced the newly revised "Regulations on the Management of the Qualifications of Taxi Drivers" and "Regulations on the Management of Tour Taxi Business Services". The two regulations make it clear that whether it is a traditional cruise taxi driver or an online taxi booking driver, they must pass the national public subject and regional subject examinations to obtain a qualification certificate, and be registered with the taxi administrative department before they can engage in taxi passenger transportation services. The two regulations will come into force on October 1 and November 1 this year respectively.

　　Provisions on the management of professional qualifications

　　keyword

　　exam

　　Divided into public subjects and regional subjects

　　Beijing Morning Post reporter found that the revised "taxi driver qualification management regulations" on the scope of application has been clear, taxi driver qualifications include cruise taxi driver qualifications and online booking taxi driver qualifications, and combined with the characteristics of the new business model of the network about the car, the driver conditions, test content, certificate category, registration management, further education and legal responsibility and other aspects of the corresponding adaptation.

　　The "Regulations" make it clear that the Ministry of Transport is responsible for guiding the management of the national taxi driver qualification. The taxi driver qualification examination includes the national public subject and regional subject examinations.

　　The regional subject examination for the qualification of cruise taxi drivers is a knowledge test with regional service characteristics such as local taxi policies and regulations, operating regional human geography and traffic routes; the regional subject examination for the qualification of online taxi drivers is a knowledge test with regional specifications such as local taxi policies and regulations.

　　keyword

　　driver

　　3 years of driving experience and no drunk driving record

　　For drivers who apply to participate in the taxi driver qualification examination, the "Regulations" also make it clear that they must obtain a motor vehicle driver’s license of the corresponding approved driving type and have more than 3 years of driving experience; no traffic accident crime, dangerous driving crime record, no drug use record, no driving record after drinking, and no 12-point record has been recorded in 3 consecutive scoring periods recently. At the same time, no violent criminal record, and other conditions stipulated by the city people’s government are required. Only if the above conditions are met can they register for the exam with relevant materials.

　　In addition, only taxi drivers who have obtained the qualification certificate can engage in taxi passenger transportation services after registering with the qualification of the taxi administrative department. The valid period of registration of the qualification of taxi drivers is 3 years.

　　If you have obtained the qualification certificate for more than 3 years and have not applied for registration, you need to complete no less than 27 hours of further education before starting the job after registration.

　　keyword

　　accountability

　　The maximum penalty for operating without a license is 30,000 yuan

　　The "Regulations" also make it clear that for drivers, there are acts such as dumping passengers on the way or deliberately detouring; not carrying road transportation certificates and professional qualification certificates in accordance with regulations; cruise taxi drivers refusing to carry, or without the consent of the driver or passengers, online booking taxi drivers failing to arrive at the agreed location to provide reservation services without justifiable reasons; carrying other passengers without the consent of passengers; cruise taxi drivers not using metering equipment in accordance with regulations, illegal charging or online booking taxi drivers illegal charging; retaliation against passengers who report, complain about the quality of their services or make unsatisfactory evaluations of their services, and if the behavior is serious, the registration will be postponed, ordered to make corrections, and a fine of more than 200 yuan and less than 2,000 yuan will be imposed.

　　Those who fail to obtain the qualification certificate or exceed the scope of the qualification certificate and drive a taxi to engage in business activities; those who use an invalid, forged or altered qualification certificate to drive a taxi to engage in business activities; those who lend, rent or alter the qualification certificate shall be fined not less than 10,000 yuan but not more than 30,000 yuan; if a crime is constituted, criminal responsibility shall be investigated according to law.

　　For enterprises, in violation of these Provisions, employing personnel who have not obtained a qualification certificate and driving a taxi to engage in business activities, they will be ordered to make corrections and fined not less than 5,000 yuan 10,000 yuan; if the circumstances are serious, they will be fined not less than 10,000 yuan but not more than 30,000 yuan.

　　In addition, it is worth noting that these "Regulations" also put forward clear requirements for the taxi administrative department and staff, failing to organize the professional qualification examination and issue the professional qualification certificate according to the prescribed conditions, procedures and deadlines; discovering illegal acts that are not promptly investigated and punished; soliciting, accepting other people’s property and making other improper benefits, the directly responsible person in charge and other directly responsible personnel will be given administrative sanctions according to law; if a crime is constituted, criminal responsibility will be investigated according to law.

　　■ Follow-up

　　Why manage ride-hailing drivers?

　　The Ministry of Transport said that whether it is online car-hailing or cruise cars, it provides universal passenger transportation services for the public, and the driver is subject to access management according to law, which is the bottom line requirement of the industry management department to ensure transportation safety and service quality.

　　In what aspects have the characteristics of online car-hailing been considered?

　　In the revision of the "Regulations on the Administration of Taxi Driver Qualifications", the characteristics of online car-hailing are fully considered, and through "tailor-made" system design and management innovation, we actively support the standardized development of new business models. For example, compared with cruise car drivers, the content of the online car-hailing driver test is minimized, and its registration and cancellation are stipulated, which can be completed by the platform company reporting to the taxi administrative department where the issuing authority is located.

　　Regulations on the Administration of Cruise Taxi

　　"Molecular money" should be adjusted in time

　　According to the "Guiding Opinions on Deepening Reform and Promoting the Healthy Development of the Taxi Industry" and the "Interim Measures for the Management of Online Booking Taxi Business Services" issued, the revised "Regulations on the Management of Cruise Taxi Business Services" adjusted the scope of application, and made a series of provisions on the positioning of the taxi industry, the distribution of interests between operators and drivers, etc. It is clear that taxis are an integral part of the urban comprehensive transportation system, a supplement to urban public transportation, and provide personalized transportation services for the public. The development of cruise taxis should be in line with the economic and social development of the city, and coordinated with the development of passenger transportation service methods such as public transportation. By clarifying the development orientation, efforts should be made to build a diversified and differentiated urban comprehensive transportation service system to better meet the travel needs of the people.

　　In response to the "part money" problem of taxis, cruise taxi operators are required to adjust the contract fee standards or quota tasks in a timely manner according to factors such as operating costs and changes in freight rates, so as to better build a business model of shared operational risks and reasonable distribution of benefits between enterprises and drivers, and accelerate the transformation and upgrading of traditional industries.

　　Background

　　The two provisions provide for the rule of law

　　In July this year, the Ministry of Transport issued the "Guiding Opinions on Deepening Reform and Promoting the Healthy Development of the Taxi Industry" and the "Interim Measures for the Management of Online Booking Taxi Business Services", as important supporting regulations for deepening the reform of the taxi industry. Yesterday, the Ministry of Transport issued the newly revised "Regulations on the Management of Taxi Drivers’ Qualifications" and "Regulations on the Management of Tour Taxi Business Services" and made relevant interpretations.

　　The Ministry of Transport said that the amendments to the two ministerial orders were solicited from local transportation authorities in early July this year, and will provide legal protection for promoting the transformation and upgrading of cruise cars, standardizing the operation of online car-hailing, and promoting the integrated development of new and old business models.

　　Writing in this edition

　　Beijing Morning Post reporter, Cao Jingrui

Directed by Wang Jiawei, the new drama "Flowers" starring Hu Ge, Ma Yili, Tang Yan, Xin Zhilei and others is currently being broadcast on Tencent Video. In order to present the drama perfectly, Wang Jiawei spent three years polishing the camera. Not only does it run through its own unique style in narrative, but it also repeatedly recalls actors who have already finished filming. To be honest, many viewers of Wang Jiawei’s TV series did not have high expectations this time. After all, the shooting process and narrative style of TV series and movies are completely different.

Moreover, compared to movies, the filming of TV series takes a long time, and it is completely too late to pick the shots one by one. The more popular directors and actors are often in a state of seamless integration, and the progress of normal filming TV series is too slow. "Flowers" is different, because it is directed by Wang Jiawei and Hu Ge is the main male lead, so the drama has attracted the attention of many industries and platforms from the beginning of filming. Wang Jiawei is also really persistent in the drama, and forcefully made the TV series into a movie.

Sure enough, this drama did not live up to the expectations of most audiences. Although Wang Jiawei’s fragmented narrative style did not meet the taste of the remote control audience, the online broadcast volume of "Flowers" was in the process of steady growth, and the popularity of Tencent in-app also exceeded the 30,000 mark. Tang Yan played Miss Wang with a full personality and a complete growth line. Xin Zhilei played Li Li, who was also bright and moving under the camera of Wang Jiawei, and there was a big gap with the previous image, stunning many viewers who came to follow the drama.

It can be said that when filming Wong Kar-wai’s plays, actors have the opportunity to leave their own life scenes and unlock another image of themselves, but this does not apply to actors in the rising stage and actors who have not yet stabilized their coffee positions. Because Wong Kar-wai’s seriousness and dedication to the play exceeds the image of all working actors, even a powerful faction like Hu Ge can’t stand Wong Kar-wai’s dedication to the play. Because in the past, movies were filmed, so actors in the TV drama circle did not have a real sense of Wong Kar-wai’s stream-of-consciousness shooting method.

For example, Liang Jiahui, he admitted in an interview that when he entered the group, the director only told him that the role he was going to play was Huang Yaoshi, and there was no script to tell him what to play and how to play it. So in the later shooting process, Liang Jiahui was in a kind of confusion about not knowing what to shoot. In addition to the stream of consciousness method of film shooting, Wong Kar-wai also has a lot of experience in fooling actors. In the early years of filming movies, Wong Kar-wai used his superior fooling skills to deceive many actors at the level of best actor.

For example, Tony Leung. Because he was a screenwriter in the early days, Wong Kar-wai wrote a high-quality suspense film script on the spot, and immediately won the actor Tony Leung. However, when he arrived at the filming location in Argentina, Leung Chaowei was told by the director that the role he was going to play was gay. The movie Leung Chaowei was fooled into making was "Spring", which was later enthusiastically sought after by most fans.

First of all, regardless of whether the behavior of fooling people is correct, the mere fact of editing a script to deceive the best actor proves that Wang Jiawei himself is a talented top PUA master. From this, it can be seen that Wang Jiawei’s personal style is quite distinct. This time, Wang Jiawei, who came to shoot a TV series, still adheres to the same set of principles of making movies. Hu Ge was driven crazy in the process of walking through the scenes again and again, and posted on social platforms: If I stop acting, will you still support me?

At that time, many netizens were wondering why Hu Ge’s mental state was so beautiful. All their questions were answered in interviews with the creators released one after another after the show was broadcast. It turned out that Hu Ge’s collapse came from Wang Jiawei’s strict requirements for actors to act. In an interview with the media, Hu Ge said: In his opinion, "Flower" is not just a crew, but more like Hengdian Film Academy. In addition, the entire filming cycle of "Flower" is very long, and the actors will experience a period of exhaustion in both physical and mental aspects.

It is precisely because the filming time of "Flowers" took a full three years, and the actors kept reworking and reshooting according to Wang Jiawei’s requirements, so Hu Ge felt physically and mentally exhausted. According to the cast member, Wang Jiawei’s understanding of the play is usually not on the same channel as the actors, so the actors can only rely on themselves to constantly grope. Before the director nods, the actors can only repeat the same scene, which is a stream of consciousness shooting method that really makes many actors collapse.

Because he had no idea what kind of effect Wong Kar-wai wanted to achieve, he could only keep repeating the same scene. Tony Leung broke the news that he ate 26 bowls of wonton noodles in a row during the filming of "In the Mood for Love". Liu Jialing also said in an interview that during the filming of "The True Story of Ah Fei", he wiped the floor 27 times in a row, and in the middle of the filming, several actors suddenly felt that they could not act. Therefore, when choosing the film and television works directed by Wong Kar-wai, actors should be more careful.

Dong Yong, a veteran artist who starred in "Flowers", also said: "I have always used the standards of old artists to demand myself, and the standard of" one pass "is the basic quality of old actors, but when it comes to Wang Jiawei, there is no" one pass "at all. Director Wang Jiawei keeps asking actors to reshoot clips that he is not satisfied with. There is even a scene that has not been filmed more than 30 times in a row. Later, the director called out and gave Dong Yong a break. Who knows that the first scene back to the crew after the holiday is still the last one.

From this, it can be seen that Wong Kar-wai has a strong sense of responsibility for the film and television works he directs. The truest reaction of actors nowadays is the state he pursues in the film venue. It is precisely because of this that Wong Kar-wai will hand over so many film and television works that satisfy fans. Although Wong Kar-wai has extremely high requirements for every frame of "Flower", it is precisely because of this rare persistence and dedication to the work that "Flower" will be so precious in the era of frequent bad movies.

It can be said that Flower, whether it is the texture of the picture or the design of light and shadow, is completely unlike a TV drama, and it can be said that it is a perfect work of art. In addition to the great shock of the picture to the audience, the three actresses of the play have also reached a new height of beauty, and even left their own life scenes. Tang Yan has successfully transformed with the play, and her acting has been recognized by the audience. Her image has subverted the inherent dress of silly and sweet in the past, and her portrayal of Miss Wang’s role has been affirmed by many audiences.

Although Tang Yan gave up many film and television invitations in the early stage because of the filming of "Flowers", it was not a loss, at least because she successfully got rid of the label of the idol school in this drama, and the resource rating will definitely be higher in the future. Xin Zhilei also attracted much attention because of her role as the bright and moving Li Li in the drama, and the follow-up bonus should not be underestimated.

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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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.