CCTV News:On April 21st, the Ministry of Foreign Affairs issued "New Opportunities for the Chinese Modern World — — Keynote Speech by State Councilor Qin Gang and Foreign Minister at the Opening Ceremony of "Chinese Modernization and the World" in lanting forum. The details are as follows:

New opportunities in the Chinese-style modern world

— — Keynote Speech by State Councilor Qin Gang and Foreign Minister at the Opening Ceremony of "Chinese Modernization and the World" in lanting forum

(April 21, 2023, Shanghai "World Meeting Room")

　　Dear Secretary Chen Jining, President Wu Hailong, distinguished envoys, distinguished guests and friends,

　　Good morning everyone! I am very happy to meet you in the "World Meeting Room" on the Huangpu River. This is lanting forum’s first visit to Shanghai. I sincerely thank Secretary Chen Jining and the Shanghai Municipal Government for their great assistance in this activity.

　　The theme of this forum is "Chinese modernization and the world". The location of the event in Shanghai is very suitable. As the saying goes, China has seen Shanghai for a hundred years. More than a hundred years ago, the Communist Party of China (CPC) set sail from here. For more than a century, Shanghai has witnessed not only the ups and downs of the Chinese nation, but also the vicissitudes of China. From the former "ten-mile foreign exchange" to the vanguard of reform and opening up today, from the pre-liberation to the present prosperity. Today’s Shanghai, as the largest economic center, innovation and development center and world economic and trade shipping hub in China, is in the forefront of the times, standing at the forefront of development and becoming a bright business card of Chinese modernization.

　　Dear friends,

　　The height of a tree must have roots in thousands of feet, and the water in Wan Li always has sources. The success of Chinese modernization did not fall from the sky, nor did it emerge from the ground. It was the Communist Party of China (CPC) who took the initial mission and led the people of the whole country step by step, which has profound history, practice and theoretical logic.

　　Chinese modernization is the inevitable choice of China’s century-long development. China’s modernization has come a long way, which explains the glory of suffering and carries a glorious dream. Since modern times, countless people with lofty ideals have sought a way out of modernization from the west in order to save the nation from extinction, but they have all suffered setbacks and failed to save the nation from danger. Only after the birth of the Communist Party of China (CPC) did China’s modernization have a backbone and a leader. It is under the strong leadership of the Communist Party of China (CPC) that we embarked on the great journey of independent modernization. From poverty to poverty, we have grown into the world’s second largest economy, the largest country in goods trading, the largest country in foreign exchange reserves, and the largest country in manufacturing. We have built the world’s largest compulsory education system, social security system and medical and health system, and completed hundreds of years of industrialization in western developed countries in just a few decades, and made great strides to catch up with the times.

　　Chinese modernization is an inevitable requirement for comprehensively promoting the great rejuvenation of the Chinese nation. Since the 18th National Congress of the Communist Party of China, under the strong leadership of the CPC Central Committee with the Supreme Leader as the core, Chinese modernization has pressed the "acceleration button", continued to write two miracles of rapid economic development and long-term social stability, completed the historical task of getting rid of poverty and building a well-off society in an all-round way, achieved the goal of the first century, achieved the great leap of the Chinese nation from standing up, becoming rich and becoming strong, and pushed the great rejuvenation of the Chinese nation into an irreversible historical process. At the National People’s Congress held last month, the Supreme Leader General Secretary was re-elected as president by unanimous vote, which was a historical choice and a choice of the people. With the feeling and responsibility of "I will lose myself and live up to the people", the Chairman of the Supreme Leader led the Chinese modernization at the helm and led us out of an increasingly broad human path.

　　Chinese modernization is the inevitable result of the scientific law of human development. Modernization is the common cause of all mankind. Although the west is the first to enjoy the fruits of modernization, it does not mean the end of history. As early as more than 140 years ago, Marx put forward the idea of crossing the "Cafudin Canyon", which provided an important theoretical basis for opening up a road different from western modernization. Over the past 100 years, China has found a Chinese-style modernization road through independent practice and created a new form of human civilization. Facts have eloquently proved that there is no fixed model for modernization, and it is not a single choice. Any country can realize its dream of modernization as long as it conforms to its own national conditions and is conducive to the development of its people. On the contrary, cutting one’s feet to suit one’s shoes and blindly copying foreign models are not only diametrically opposed, but may even lead to disastrous consequences.

　　Dear friends,

　　"the trip to the avenue, the world is public." As the largest developing country in the world, China has always been mindful of the world. We have not realized modernization for the sake of narcissism, let alone "national priority". Instead, we have injected more positive energy into world peace and brought more new opportunities for global development while realizing our own development. I believe,

　　A modernization with a huge population will surely inject stronger momentum into the global economic recovery. Over the past 40 years of reform and opening-up, the government of China has lifted more than 800 million people out of poverty and made more than 400 million people enter the middle-income group. Today, China has become a major trading partner of more than 140 countries and regions. Every day, 320 million US dollars of China’s direct investment goes to the world, and more than 3,000 foreign-funded enterprises settle in China every month. In the past decade, China has driven more global growth than the Group of Seven combined.

　　With the overall modernization of China’s population of more than 1.4 billion, this scale will exceed the total population of existing developed countries, and China will certainly provide more powerful impetus to the world economy. Last month, the China Development Forum and the Boao Forum for Asia were successfully held, attracting political and business people from all over the world. During this period, the most common voice we heard was to seize the new opportunities brought by China’s high-quality development and high-level opening up. The most consistent view we heard was to oppose decoupling from China and look forward to traveling with China.

　　A modernization of common prosperity for all people will surely open up a broader path for the common development of all countries. It is not modernization that the rich get richer and the poor get poorer, nor is it modernization to serve a few countries and a few people. The common prosperity of people all over the world requires the common development of all countries. Building the Belt and Road Initiative and the Global Development Initiative are public goods provided by China to the international community, and also an open platform for common development and common prosperity. In the ten years since the "One Belt, One Road" initiative was put forward, more than 3,000 cooperative projects have been formed, which has boosted the investment scale of nearly one trillion US dollars, created 420,000 jobs for countries along the route, and realized the "railway dream", "bridge dream" and "poverty alleviation dream" for people in many countries.

　　The global development initiative has also been widely welcomed by the international community. At present, it has been supported by more than 100 countries and international organizations, and nearly 70 countries have joined the "Group of Friends of Global Development Initiative", which has provided important assistance for accelerating the realization of the United Nations sustainable development goals in 2030. China attaches great importance to solving the debt problem of developing countries, actively and comprehensively implements the G-20 debt relief initiative, and contributes 63% of the debt relief amount. It can be said that Chinese-style modernization has ignited the confidence of all countries in realizing modernization. To borrow the words of an African leader, the China Road inspires all developing countries, and every country can achieve development from scratch.

　　A coordinated modernization of material civilization and spiritual civilization will surely create a better prospect for the progress of human society. While some countries are highly developed in economy, science and technology, they are caught in the dilemma of capital-centered, materialism flooding, spiritual emptiness and loss of morality and order. Chairman of the Supreme Leader emphasized that the ultimate goal of modernization is to realize the free and all-round development of human beings. All-round development of human beings means not only being rich materially, but also being rich spiritually.

　　"The granary knows etiquette, food and clothing know honor and disgrace." Chinese civilization has always looked forward to a world of great harmony in which material life is full and carefree and moral realm is fully sublimated, putting people’s spiritual value above material pursuit and incorporating it into social ideals. As early as 2,500 years ago, in the Axial Age, from Confucius and Mencius in China to Plato in Greece, all major civilizations began to explore the lofty spiritual world. Modernization is by no means the decline of ancient civilization, but the rebirth of traditional culture. The Chairman of the Supreme Leader solemnly proposed the global civilization initiative, advocated attaching importance to the inheritance and innovation of civilizations, advocated respecting the diversity of world civilizations, and adhered to equality, mutual learning, dialogue and tolerance of civilizations. Although Zhou was an old state, his life was reformed. Chinese-style modernization has given new vitality to the profound Chinese civilization and contributed more China wisdom to world peace and prosperity and human development and progress. We look forward to such a wonderful picture of the world, where major civilizations are passed down from generation to generation, returning to their roots and opening up new ones, buildings of human material civilization are everywhere, and the stars of spiritual civilization shine in the sky.

　　A harmonious and symbiotic modernization between man and nature will surely provide a more feasible scheme for building a clean and beautiful world. Chairman of the Supreme Leader pointed out that Lucid waters and lush mountains are invaluable assets. China consciously shoulders the responsibility of protecting the ecological environment and coping with climate change, creating a number of firsts in the world: the scale of artificial afforestation ranks first in the world, accounting for a quarter of the world; The scale of renewable energy development and utilization ranks first in the world, and the installed capacity of wind power and solar energy accounts for more than one third of the world; The production and sales of new energy vehicles rank first in the world, and half of the world’s new energy vehicles drive in China. China has made a solemn commitment to the world to be peak carbon dioxide emissions and carbon neutral. It will take only 30 years from peak to neutral, which will be ten to forty years less than that of the United States and Europe. We also took the lead in setting up the Kunming Biodiversity Fund, contributing to the conclusion of the Paris Agreement. Just at the beginning of this month, the Chairman of the Supreme Leader and President Macron agreed to build a Sino-French carbon neutral center, adding new impetus to the global low-carbon transformation.

　　A modernization that follows the path of peaceful development will surely bring more certainty to world peace and stability. The purpose of China’s development is not to dominate the country. In the dictionary of China culture, there is no national power that will dominate, and the strength of China’s diplomacy is not afraid of hegemony. Up to now, China is the only country in the world that has enshrined the principle of "adhering to the path of peaceful development" in its Constitution, the permanent member of the Security Council that has sent the largest number of peacekeepers, and the only country among the five nuclear powers that has promised not to be the first to use nuclear weapons. We have joined more than 20 multilateral arms control treaties and promoted the five nuclear powers to reach a joint statement on preventing nuclear war. For international disputes, we advocate consultation and dialogue and peaceful settlement.

　　The global security initiative put forward by the Chairman of the Supreme Leader points out the correct direction of common security and universal security. Friends should be reconciled, but not married. Under the impetus of China, Saudi Arabia and Iran resumed diplomatic relations. We are pleased to see that more countries are shaking hands and making peace. In the face of the delay of the Ukrainian crisis, instead of pouring fuel on the fire and taking advantage of it, China upholds justice, persuades peace and promotes talks to "decompress" the crisis and "cool down" the situation. Facts have proved that China’s modernization is the growth of the forces of peace and justice.

　　Dear friends,

　　The The 20th National Congress of the Communist Party of China（CPC） held in October last year drew a blueprint for China’s future development, and clearly proposed to comprehensively promote the great rejuvenation of the Chinese nation with Chinese modernization. In order to accomplish this central task, China’s diplomacy is duty-bound. We will unswervingly follow the path of peaceful development, unswervingly promote the building of a new type of international relations featuring mutual respect, fairness, justice and win-win cooperation, and work with other countries to build a world of lasting peace, universal security, common prosperity, openness, tolerance, cleanliness and beauty, and build a community of human destiny.

　　We will more firmly defend the right to development of all countries. Modernization is an inalienable right of every country, not a monopoly privilege of a few countries. We should not burn down the bridge just because we have reached the other side of modernization, and set up roadblocks for other countries to realize modernization, let alone suppress, contain and block it just because other countries take different modernization paths. China does not engage in any competition among big countries. We resolutely safeguard our own development interests and the right of the people of China to pursue a better life. China respects the modernization road independently chosen by the people of all countries, and opposes creating ideological confrontation, engaging in a "new cold war" and interfering in internal affairs and imposing on others. China upholds the correct direction of globalization, and opposes "building walls and barricades" and "decoupling and breaking chains", as well as unilateral sanctions and extreme pressure. China spared no effort to maintain a stable and smooth production and supply chain, so that economic globalization and modernization of various countries can be driven by two wheels and complement each other.

　　We will more actively promote high-level opening up. China’s modernization achievements were achieved in the process of opening up, and it will certainly rely on opening up to the future. We will take the opportunity of holding the "Belt and Road" international cooperation summit forum and China International Import Expo to further deepen the integration of interests with all countries in the world. We will also increase investment in global development cooperation, do our best to help developing countries alleviate their debt burdens, free international financial and monetary circulation from the nightmare of speculative manipulation and sanctions, and return to the source of serving the real economy and promoting modernization.

　　I would like to take this opportunity to congratulate Ms. Rousseff once again on her appointment as the president of the BRICS New Development Bank. I believe that the New Development Bank will provide greater assistance to the modernization process of developing countries.

　　We will be more proactive in promoting civilized exchanges. We actively advocate that all countries in the world carry forward the common values of peace, development, fairness, justice, democracy and freedom, and persist in transcending the barriers between civilizations, the mutual learning of civilizations, and the coexistence of civilizations. We resolutely oppose racial discrimination, national discrimination and civilized discrimination in international relations. We are willing to explore with other countries to build a global network of dialogue and cooperation among civilizations, and strive to create a new situation of cultural exchanges, cultural integration and people’s hearts in all countries of the world, so as to make a hundred gardens of civilization colorful and fragrant.

　　We will build a community of life on earth more consciously. We will accelerate the establishment and improvement of a green, low-carbon and circular economic system and promote a comprehensive green transformation of economic and social development. We adhere to the principle of common but differentiated responsibilities, actively participate in international cooperation in addressing climate change, marine governance, global biodiversity protection and other fields, promote the construction of a fair, reasonable and win-win global environmental governance system, and make contributions to meeting global challenges such as climate and environment and building a clean and beautiful world.

　　We will be more determined to protect the international order. Recently, we have often heard some strange remarks, claiming that China is challenging the "rules-based international order", "trying to unilaterally change the status quo in the Taiwan Strait by force or coercion" and "undermining peace and stability in the Taiwan Strait". These remarks violate the minimum international common sense and historical justice, their logic is absurd and their consequences are dangerous. As one of the anti-fascist allies who suffered the most casualties in World War II, and as the first founding member to sign the UN Charter, China regards defending the authority of the UN and maintaining the international order after World War II as its sacred duty. China has the best record in observing the purposes and principles of the UN Charter, international law and the basic norms of international relations. We don’t need to be reminded by any country or group of countries. It is a matter of public opinion who uses the United Nations together or abandons it if it disagrees, who is undermining the international order and who is engaging in hegemony and bullying.

　　Dear friends,

　　Taiwan Province has been an inalienable part of China since ancient times, and both sides of the strait belong to the same China. This is the history of Taiwan Province and the present situation of Taiwan Province. Taiwan Province’s return to China is an integral part of the international order after World War II. The Cairo Declaration is written in black and white, and the Potsdam Proclamation is clearly printed. Today, it is not Chinese mainland that breaks international rules, unilaterally changes the status quo and undermines the stability of the Taiwan Strait, but the "Taiwan independence" separatist forces and a few countries that attempt to use the "Taiwan independence". In essence, the rules, status quo and stability they defined are to put up an China and "peacefully split" China, that is, to tamper with the history of World War II, subvert the post-war order and trample on China’s sovereignty. 1.4 billion people in China will not agree. When the land in China is recovered, it will never be lost again. Once the post-war international order is established, it will never be allowed to be subverted.

　　It is only natural to safeguard national sovereignty and territorial integrity. We should tell those forces who are doing activities that undermine international justice under the banner of international order: the Taiwan Province issue is the core of China’s core interests, and we will never be vague about who wants to make a fuss about the one-China principle; We will never give in to anyone who wants to make moves on China’s sovereign security. Those who play with fire on the Taiwan Province issue will set themselves on fire.

　　Dear friends,

　　Looking back at Qian Shan on the journey, looking ahead at Wan Muchun. The copyright of Chinese modernization belongs to China, and the opportunity belongs to the world. We are willing to help each other in the same boat, work hand in hand, promote the modernization with different characteristics, and create a better tomorrow for the world.

　　Finally, I wish this forum a complete success! thank you

Today, Xiaobian chose a car in a medium and large suv and introduced it to everyone. It is. Next, let’s take a look with Xiaobian.

Let’s take a look at the appearance of the zero-run C16. The front face of the zero-run C16 is sharp and looks very clean and refreshing. Coupled with the soft headlights, it is full of comeliness. The car is equipped with LED daytime running lights, automatic opening and closing, adaptive far and near light, delayed closing and so on. Coming to the side of the car body, the size of the car body is 4915MM*1905MM*1770MM. The car adopts stable and atmospheric lines, which gives people a very soft feeling on the side. With large-sized thick-walled tires, the overall visual effect is very delicate. In terms of the rear end, the rear end echoes the front face, and the taillights are very angular and exquisite in shape.

Coming into the car, the interior style is very young and rich in functions. The steering wheel of the car is very in line with the interior style, made of leather, and the visual effect is good. Let’s take a look at the central control, which is decorated with a 14.6-inch central control screen, which makes the interior design quite layered and looks scientific and technological. Finally, let’s look at the dashboard and seats. The dashboard design is remarkable and the sports atmosphere is relatively in place. The car adopts leather-like seats, and the seats are wrapped in place, which improves the riding experience of drivers and passengers.

The zero-run C16 is equipped with a motor with a total power of 215KW and a total torque of 360N.m It has good acceleration, excellent cruising range and good power performance.

The regular space performance of C16 trunk is quite satisfactory, and there is no problem in daily use. At the same time, the car is equipped with fatigue warning, anti-lock braking (ABS), LED daytime running lights, brake assist (EBA/BAS, etc.), brake force distribution (EBD) main driver airbag, co-pilot airbag, side airbag curtain, front side airbag and other safety configurations.

To sum up: the model class introduced today is the most considered class when many people buy their first car, mainly because the model of this class is moderate in size and reasonable in price.

　　[car home Industry] Recently, the news that Celeste Huawei has stopped production of SF5 has been widely circulated. Many users said that they had been told by offline stores that (|) no longer accepted reservations. Not long ago, AITO, a high-end new energy brand jointly built by Huawei and Celeste, was released, and the first model of the new brand was listed on the market. This caused concern about the fate of Cyrus.

　　"The Celestial brand will not withdraw from the market. As long as users have demand, we will produce and deliver it." After an exclusive conversation with Zhou Lin, executive deputy general manager of Jin Kang Celeste Science and Technology Center and general manager of product line, car home got this definite answer.

　　In the face of the constantly fermenting public opinion, Cyrus recently posted on its official social platform that "Cyrus SF5 will continue to accept user orders." Despite the official clarification, with the new brand AITO, the future development fate of the Celeste brand is worrying. Since the announcement of its entry into the automobile industry, Huawei has always been accompanied by controversy, and the future of Cyrus, which is closest to Huawei, naturally concerns the industry.

"Zhou Lin, Executive Deputy General Manager and General Manager of Product Line of Jin Kang Sailisi Science and Technology Center"

■Cyrus will not disappear.

　　Sailis SF5 is the first model that Xiaokang (parent company of Sailis) cooperates with Huawei. When it came out in April, 2021, it was rumored that the order number of Celestial was refreshed several times: "The order number was broken by 3,000 vehicles in two days" and "the national order number exceeded 10,000 vehicles in one month". It is based on the high attention at the initial stage of the release that the outside world has high expectations for the sales volume of Sellers SF5 in the terminal.

　　According to the latest data of the Federation, the sales volume of Sailis SF5 in 2021 (April-November) is only 7080 vehicles. According to car home, it is partly because of the slow delivery. Due to Huawei’s high technical requirements, the running-in of quality control between the two parties has a certain impact on the climbing of production capacity.

"Source: Federation; Watchmaking: car home Industry Group "

　　"In this process, Huawei applied some concepts in the field of mobile phones and ICT, and provided more information on how to complete product quality control standards completely." Zhou Lin said, "A large number of mobile phones need to ensure complete and consistent quality standards, and the number of them on the market far exceeds that of cars, so Huawei’s quality control standards are more detailed than cars."

　　As for why the news that Celeste SF5 stopped production came out, Zhou Lin attributed it to the fact that the promotion of new brand models needed to be tilted in resources, which caused some misunderstanding to the outside world. "Due to the shortage of chips, due to the consideration of ensuring the timeliness of user delivery, the reservation will not be accepted for a few days, avoiding that the order cycle will take two or three months or longer to deliver, and users may complain. Now, with the solution of this problem, the reservation channel has been reopened."

　　Car home found on Celestial App that at present, Celestial Huawei can still place an order normally, and users can choose 1000 yuan’s intentional deposit or 10,000 yuan.

　　In fact, the negative emotions of Celestial SF5 users stem from Celestial’s closure of direct stores and the "separation" of Huawei brand from SF5. After all, Celestial SF5 withdrew from all the experience centers of Huawei overnight after its appearance, and the posters in the store have been switched from Celestial Huawei’s smart selection SF5 to AITO Media M5. When car home visited the Shanghai Sailisi direct store, he also found that the store was being rebuilt or even closed. The sales said, "We have moved to the AITO user center, and the pre-sales and after-sales are integrated."

"Photo by car home: The changes before and after a Celeste store in Shanghai"

　　It is not uncommon to complete the model change and upgrade within one year in the current technical iteration of smart electric vehicles. Even the new force of "Wei Xiaoli" can’t avoid the pit of complaints, and old users often feel that they have been "cut leeks". However, in just eight months, it is the first time that a newly established brand has switched to another brand.

　　In order to appease the old users, Sailis posted on its official social platform on January 5, "For the users who have already delivered, Sailis promised to upgrade the lifetime warranty of the whole vehicle and range extender in addition to the 8-year/160,000-kilometer warranty of the three-power system promised earlier, and the first owner can get an additional discount of 10,000 yuan on the basis of the rights and interests of the schedule within four years." However, the owner of Celeste SF5 needs to go to AITO brand store for after-sales maintenance.

　　Zhou Lin also clearly told car home, "Sailis is still Sailis, and AITO is a brand-new high-end smart car brand with the high assistance of Huawei. The two brands will continue to enrich their product matrix and new models will come out constantly. This is a product pedigree evolved under two brands of an enterprise."

　　It is expected that at the end of February this year, the M5 will start the delivery of the first car owners. Regarding the follow-up vehicle planning of AITO brand, Zhou Lin revealed, "It is expected that a new large SUV will be launched at the end of the second quarter or the beginning of the third quarter in 2022, and it can be delivered by the end of this year. Since then, there will be a pure electric version of the M5. At the same time, new models launched in 2023 are also being prepared in an orderly manner. "

■Competition between Cyrus and AITO brand?

　　Although Celestial’s response put an end to the rumors of the suspension of production of SF5, it did not completely dispel the doubts about the future direction of Celestial SF5 and even the brand.

　　The insiders believe that Huawei has shifted its focus to the newly listed model M5, and stopping SF5 is a timely stop loss in a sense. However, some analysts pointed out that there are some differences in the positioning, selling prices and target groups of the two models, which may be complementary.

　　After the official listing of M5, some potential consumers were diverted to M5 on a large scale under the guidance of sales due to the temporary suspension of sales of Celestial SF.

　　Gwan Chin (a pseudonym), a user around car home, bought the SF5 of Celeste Huawei Smart Choice in early December. Because the sales promised to deliver the car in one week, Gwan Chin sold the gas car at home. Unexpectedly, after waiting for two weeks, the sales told him that the car had been discontinued and recommended him to add money to buy a new brand M5.

　　According to the official, M5 has been on the market for three days, and the large order has exceeded 2,000 units. Will Sellers SF5 be substantially marginalized by the market?

　　From the perspective of product strength, the M5 of AITO is indeed remarkable. Among them, Huawei’s HarmonyOS intelligent cockpit is the biggest highlight of the M5. Only with the opening of HarmonyOS system, will this advantage be leveled by more models equipped with HarmonyOS smart cockpit in the future? In Zhou Lin’s view, AITO has taken the first-Mover advantage at the time node.

　　"It was originally planned that the mass production time of Huawei’s HarmonyOS smart cockpit product was September 2022. With the deep cooperation between Huawei and Celeste, this product can be mass-produced about one year in advance. At present, the HarmonyOS smart cockpit mentioned by friends on the market is not a complete cockpit concept, similar to the cooperation mode of the traditional car Tier 1. "

　　In the mode of cooperation, Huawei’s deep participation has obviously gone far beyond other automobile projects. If Cyrus SF5 is Huawei’s adopted son, then the world M5 is more like Huawei’s own son.

　　Nowadays, Huawei has put more thoughts into the pre-planning and product design of AITO brand, even into product marketing and factory transformation. Especially in the research and development and adaptation of intelligent cockpit in HarmonyOS, Huawei has devoted more human resources.

　　"Since March this year, the Huawei team has gradually intervened in various workshops and links, including the R&D team. At present, there are four or five hundred people." Zhou Lin revealed.

　　As for whether the follow-up Sailis can only use its own channels, there is also uncertainty about whether it can re-enter Huawei’s intelligent car selection system. After all, unlike other auto companies’ direct stores, Huawei has limited area allocated for exhibition cars. With the release of the second new model of AITO this year, how much resources can Huawei give to Celeste? How to avoid internal competition among brands is a problem that Cyrus must think about at the moment when various car companies are grabbing the window period of smart electric vehicles.

　　"We give the choice to the users," Zhou Lin said frankly. "Celeste and AITO brands will have their own brand positioning and target customer groups, and the two brands will be differentiated. At present, there is only one model under each brand, and the system is not fully established. It will be gradually improved in the later stage."

■Xiaokang doesn’t want to just be a foundry.

　　Under the concern of where the Celeste brand will go, the outside world also believes that Huawei will "build a car" by taking advantage of the factory and qualification of Xiaokang shares.

　　Today’s Huawei, although verbally claiming "no cars", has indirectly declared its series layout and actions that Huawei does not only want to be limited to Bosch in the era of smart electric vehicles.

　　On December 23, 2021, at Huawei’s flagship new product launch conference in winter, Huawei walked to the stage for the first time from behind the scenes of the automobile industry. Yu Chengdong said apologetically that he had caught a cold, but he spent more than 30,000 words to introduce the M5, but Cyrus never appeared in front of the stage.

　　Yu Chengdong said, "AITO M5 integrates Huawei’s industrial design, engineering technology, system software and HarmonyOS’s ecological advantages." Selis is rarely mentioned between the lines, and people in the industry feel that this car is infinitely close to Huawei’s "pro-son" except for not hanging Huawei’s logo.

　　"But this does not mean that Xiaokang has become a Huawei foundry." Zhou Lin emphasized that with Huawei’s help, AITO’s first model, the M5, was manufactured into the whole value chain of users’ cars, and Cyrus was responsible for R&D, manufacturing, delivery, service and creating the whole life cycle car experience. Huawei is deeply involved in product definition, quality control and channel sales. The two sides give play to each other’s strengths.

　　"When the smart ecology collides with the automobile industry, there will be many new explorations and ways." At present, Huawei’s cooperation with car companies has defined two modes: First, Huawei Inside mode. At present, Huawei provides autonomous driving solutions to three cooperative car companies, namely BAIC, Changan and Guangzhou Automobile, to support them to build their own sub-brands; Second, Huawei’s BU business provides parts and solutions to car companies.

　　AITO M5 is a brand-new cooperation mode, which is independent of the above two modes: Huawei is not only a component supplier, but also the industrial design team of Huawei BU.

　　"If someone says that we are a foundry, why doesn’t Huawei buy a factory itself?" In the conversation, I can feel the injustice in Zhou Lin’s heart. "Huawei originally made mobile phones, but it didn’t know much about the automotive field. The design standards of automobiles have always been dominated by us, but Huawei’s specialties in the ICT field, such as communication and cockpit information security, will be deeply dominant."

　　In Zhou Lin’s view, in addition to Huawei’s empowerment, Cyrus also has its own core technology, which is more focused on the research and development of new energy technologies and manufacturing quality (five boutique platforms+core three-power technology+Industry 4.0 smart factory). If the M5 can maintain its leading position in the market, it is not the strength of a single product point, but the joint efforts of both parties to open the era of smart cars for users, which is the core that distinguishes it from other models.

　　Undoubtedly, Cyrus’ initial intention is to use Huawei to improve his brand image. Before the cooperation with Huawei, the industry knew little about Cyrus. After taking the "express train" of Huawei, the share price of the parent company of Cyrus Xiaokang soared from 17 yuan/share in early 2020 to the highest 83 yuan/share.

　　However, after the release of M5, the capital market quickly gave feedback to Xiaokang shares: it fell more than 7% that day and fell for two consecutive days, then continued to fall, and closed at 52.56 yuan/share on January 7. Huawei still spends a lot of energy and resources on the new car of AITO brand, but Cyrus is busy with the production and after-sales of SF5.

　　Will Cyrus reconsider its cooperation with Huawei? The insiders think it is difficult to give an answer. "Objectively speaking, the cooperation with Huawei has brought a high degree of attention to Xiaokang and also brought a sharp rise in the stock price." The data shows that in the first three quarters of 2021, the company achieved a total operating income of 11.45 billion yuan, a year-on-year increase of 24%, but the net profit returned to the mother was-1.083 billion yuan, a year-on-year decrease of 49%.

　　In-depth cooperation with Huawei can almost be said to be the only option for Cyrus at present. Xiaokang also stressed at the investment exchange meeting on January 7 that "the cross-border cooperation between the company and Huawei is in-depth and successful, and the two sides have invested heavily, and there is no reason for not cooperating."

　　At present, it is a top priority for Cyrus to cooperate well with Huawei and try to polish products and make delivery. At the AITO brand launch conference, Sailis officially put forward a slogan that seems a bit difficult now-to become the TOP3 of the global new energy vehicle within five years. In Zhou Lin’s view, with the advantages of both parties and the continuous optimization of the new product system, we can reach the breakthrough level of the sales model. "Let everything go to time!" (Text/car home Peng Fei)

South Capital Center of Jinzhengyan-Interpretation of Financial Report Yunye/Author Ying Wei/Risk Control

At present, the discount integration of snack industry is accelerating, and the scale effect is gradually emerging. Looking back on the listing of Liangpin Shop Co., Ltd., a well-known snack manufacturer (hereinafter referred to as "Liangpin Shop"), on February 24, 2020, Liangpin Shop was successfully listed at an issue price of 11.9 yuan/share. On July 15th of the same year, the share price of Liangpin Store reached its peak, which was 85.22 yuan/share. As of January 11th, 2024, the closing price was 19.81 yuan/share, and the share price of Liangpin Store showed a downward trend.

Just one year after listing, the first round of reduction plan was implemented just after the lifting of the ban on the shares of the promoters of Liangpin Store, and 456 million yuan was cashed out. During this reduction period, the share price of Liangpin Store went down, and Liangpin Store bought back shares on bargain hunting to implement the employee stock ownership plan. Since then, its shareholders have frequently reduced their holdings, and there are also real controllers in the ranks of reduction. During the period when relevant shareholders reduce their holdings, the total market value of good shops may evaporate by tens of billions of yuan.

It is worth mentioning that Liangpin Shop claims to expand its business by investing in snack-selling "track" companies. However, in only half a year, it sold all the underlying shares and gained an investment income of about 60 million yuan. In the first three quarters of 2023, the performance of good shops grew negatively year-on-year. In addition, the good shop boasts itself as "the first share of high-end snacks", but its gross profit margin is not as good as that of its peers. On the other hand, the draft employee stock ownership plan of Liangpin Store was hastily revised one day after it was published. The stock price of employees was adjusted from 9.9 yuan to 16.7 yuan per share, and the share payment fee was reduced by more than 20 million yuan.

According to public information, on February 24, 2020, the good shop was officially listed on the main board of the Shanghai Stock Exchange.

It is worth noting that just one year after Liangpin Store landed in the capital market, its shareholders holding more than 5% of shares "threw out" the first round of reduction plan.

On February 27th, 2021, Liangpin Store issued the Announcement of Shareholder’s Shareholding Reduction Plan. The shareholders of Liangpin Store are Zhuhai Gaoying Tianda Equity Investment Management Center (Limited Partnership) (hereinafter referred to as "Zhuhai Gaoying"), HH LPPZ(HK)Holdings Limited (hereinafter referred to as "Hong Kong Gaoying") and Ningbo Gaoying Zhi. These shares are all derived from the shares held by Liangpin Store before its IPO.

According to the Announcement of Shareholder’s Shareholding Reduction Results signed by Liangpin Store on August 28th, 2021, due to their own capital needs, Zhuhai Gaoyou, Hong Kong Gaoyou and Ningbo Gaoyou (hereinafter collectively referred to as "Gaoyou Capital") plan to start from March 2021.The total number of shares of the good shop reduced by centralized bidding from February 22nd to August 26th, 2021 and by block trading or agreement transfer from March 4th, 2021 to August 26th, 2021 shall not exceed 24,060,000 shares, which shall not exceed 6% of the total share capital.

As of August 26th, 2021, when the planned reduction time expired, the shareholder Gao Ying Capital reduced its holdings of 10,776,494 shares of Liangpin Store by means of block trading and centralized bidding, accounting for 2.69% of the total share capital.

The announcement shows thatThe reduction price of Gaoyan Capital this time is 33.07-53.19 yuan/share., reducing the total amount by 456 million yuan.

After the implementation of this reduction plan, Gaoling Capital holds 36,023,777 shares of Liangpin Store, accounting for 8.98% of the total share capital of Liangpin Store at present.

From the time point of view, on February 27, 2021, Liangpin Store announced the first round of shareholding reduction plan of shareholder Gaoying Capital. At this time, Liangpin Store has just been listed for one year, and Gaochun Capital, as a shareholder holding more than 5%, has just lifted the ban.

During the period of Gaochun Capital’s reduction, the stock price of Liangpin Store fluctuated and fell.

According to the data of Oriental Fortune Choice, from February 27th, 2021, the announcement date of Gaoyan Capital Reduction Plan to August 26th, 2021, the stock price of Liangpin Store reached the highest value of 61.71 yuan/share on March 2nd, 2021, and the closing price on that day was 60 yuan/share, and the lowest value was 31.63 yuan/share on July 28th, 2021.

By July, 2021, the first reduction plan of shareholder Gaoyan Capital entered the "end". Compared with the date of the announcement of the reduction plan, the share price of Liangpin Store was close to "waist cut", and at this time Liangpin Store announced the share repurchase plan.

According to the Announcement on Share Repurchase by Centralized Bidding signed by Liangpin Store on July 7, 2021, Liangpin Store held the sixth meeting of the second board of directors and the sixth meeting of the second board of supervisors on July 6, 2021, and reviewed and approved the Proposal on Share Repurchase by Centralized Bidding, agreeing that the company should use its own funds not less than 75 million yuan and not more than 150 million yuan. Buy back the company’s shares by centralized competitive bidding, the repurchase price shall not exceed 69.85 yuan/share (including 69.85 yuan/share), and the repurchase period shall be within 6 months from the date when the board of directors deliberated and passed the share repurchase plan.

The purpose of repurchase is to implement the equity incentive plan or employee stock ownership plan.

According to the Announcement on the Expiration of Share Repurchase Term and the Results of Repurchase Implementation signed by Liangpin Store on January 6, 2022, as of January 5, 2022, Liangpin Store has repurchased 3,016,600 shares through centralized bidding, accounting for 0.75% of the total share capital of Liangpin Store. The highest price purchased is 35 yuan/share, and the lowest price is 31.35 yuan/share.

That is, from July 6, 2021 to January 5, 2022, the share repurchase price of the good shop was 31.35-35 yuan/share.

Compared with the first reduction price range of shareholder Gaoyan Capital, the stock repurchase price of good shops may be at a low level.

As mentioned above, just one year after the listing of Liangpin Store, Gaochun Capital, as a shareholder holding more than 5%, reduced its holdings and cashed in 456 million yuan. In fact, since then, Gaochun Capital has continued to reduce its holdings. Not only that, the second largest shareholder and actual controller of Liangpin Store also took turns to reduce their holdings.

On August 26, 2021, Gaochun Capital completed the first reduction plan for good shops. Less than two months later, Gaochun Capital "stepped into" the second round of reduction plan.

According to the Announcement on the Results of Shareholder’s Shareholding Reduction signed by Liangpin Store on April 9, 2022, due to its own capital needs, Gaoyan Capital plans to reduce its shareholding in Liangpin Store by centralized bidding from October 29, 2021 to April 7, 2022, and by block trading or agreement transfer from October 13, 2021 to April 7, 2022, with a total amount of no more than 24,060,000.

As of April 7, 2022, when the planned reduction time expired, the shareholder Gao Ying Capital reduced its holdings of 5,911,800 shares of Liangpin Store through block trading, accounting for 1.47% of the total share capital of Liangpin Store.

During this reduction, the reduction price of Gaochun Capital was 40-40.81 yuan/share, with a total reduction of 239 million yuan.

After the implementation of this reduction plan, Gaoling Capital holds 30,111,977 shares of Liangpin Store, accounting for 7.51% of the total share capital of Liangpin Store.

Soon, the good shop ushered in the third round of reduction of Gaochun Capital.

According to the Announcement on the Change of Shareholders’ Equity by More than 5% and the Result of Shareholding Reduction signed by Liangpin Store on November 19, 2022, due to its own capital needs, Gaoling Capital plans to reduce the shares of Liangpin Store by centralized bidding from June 14, 2022 to November 20, 2022, and by block trading or agreement transfer from May 26, 2022 to November 20, 2022.

As of November 18, 2022, upon the expiration of this reduction plan, shareholder Gao Ying Capital reduced its holdings of 7,821,956 shares of Liangpin Store by centralized bidding, accounting for 1.95% of the total share capital.

The price of this reduction is 25.47-35.64 yuan/share, with a total reduction of 219 million yuan.

After this equity change, Gaoling Capital holds 22,290,021 shares of Liangpin Shop, accounting for 5.56% of the total share capital.

The reduction is still going on.

According to the Announcement on the Change of Shareholders’ Equity Holding More than 5% and the Result of Shareholding Reduction signed by Liangpin Store on May 20, 2023, from March 14, 2023 to May 19, 2023, Gaoling Capital reduced its shareholding in Liangpin Store by 2,240,021 shares, accounting for 0.56% of the total share capital.

The price of this reduction is 299.3-39.14 yuan/share, with a total reduction of 73.1651 million yuan.

After this equity change, Gaoling Capital holds 20,050,000 shares of Liangpin Store, accounting for 5% of the total share capital of Liangpin Store.

According to the Announcement of Shareholder’s Centralized Bidding and Shareholding Reduction Plan signed by Liangpin Store on June 3, 2023, according to the fund term requirements, the total number of shares of Liangpin Store to be reduced by centralized bidding from June 28, 2023 to September 25, 2023 shall not exceed 4,010,000 shares, which shall not exceed 1% of the total share capital of Liangpin Store. In any continuous 90 days, the total number of shares reduced by centralized bidding transaction shall not exceed 1% of the total number of shares in good shops.

According to the Announcement on the Results of Holding Shares by Centralized Bidding signed by Liangpin Store on October 20, 2023, from June 28, 2023 to September 25, 2023, Gaoling Capital accumulated 4,009,356 shares of Liangpin Store through centralized bidding, accounting for 0.9998% of the total share capital of Liangpin Store.

The price of this reduction is 23.30-26.38 yuan/share, with a total reduction of 99.8484 million yuan.

After this equity change, the proportion of Gaoling Capital holding shares in Liangpin Store is 4.0002%.

As of the inquiry date, January 10th, 2024, Gaochun Capital has no new trend of reducing its holdings.

Looking back on history, Liangpin Store disclosed in the prospectus signed on January 21, 2020 (hereinafter referred to as "the prospectus signed on January 21, 2020") that with the rapid growth of Liangpin Store’s performance and the continuous improvement of brand awareness, investors continued to be optimistic about the future development prospects of Liangpin Store, so in 2017, Liangpin Store received a capital increase of RMB 326,049,500 from shareholders.

Just in 2017, the good shop completed the share reform.

According to the prospectus signed on January 21, 2020, Liangpin Store completed the share reform in December 2017, and was one of the founders of Gaochun Capital.

In other words, Gaochun Capital, as the initiator of share reform, was originally optimistic about the development prospects of good shops. After the lifting of the ban on its shares, it implemented five reduction plans in a row, and even the upper limit of the "card" reduction ratio for the fifth time, reducing the shareholding ratio to less than 5%. This also means that if Gaochun Capital still has a reduction plan, the good shop will not need to make an announcement in advance.

During the period of gaoling capital reduction, the second largest shareholder of Liangpin Store also joined the ranks of reduction.

According to the 2022 annual report of Liangpin Store, by the end of 2022, Dayong Co., Ltd. (hereinafter referred to as Dayong Co., Ltd.) held 121,496,526 shares of Liangpin Store, accounting for 30.3% of the total share capital, making it the second largest shareholder.

According to the Announcement of Shareholder’s Equity Change by 1% and Early Termination of Shareholding Reduction Plan signed by Liangpin Shop on December 2, 2023, Liangpin Shop disclosed the Announcement of Shareholder’s Shareholding Reduction Plan on May 18, 2023. Due to its own capital requirements, Dayong Co., Ltd. plans to reduce the total number of shares in Liangpin Store by centralized bidding or block trading to no more than 24,060,000 shares, which is no more than 6% of the total share capital. The reduction period of Dayong Limited through centralized bidding transaction is within 6 months after 15 trading days from the date of announcement of the reduction plan; The reduction period by block trading is within 6 months after 3 trading days from the date of announcement of the reduction plan.

From May 25, 2023 to November 29, 2023, Dayong Limited reduced its holdings by 17,040,000 shares through centralized bidding and block trading, accounting for 4.25% of the total share capital.

The price of this reduction is 19.46-28.53 yuan/share, and the total amount of reduction is 404 million yuan. After the reduction, Dayong Limited holds 26.05% of the shares.

In addition, the original concerted action of the good shop also participated in the reduction.

According to the 2022 annual report of Liangpin Shop, by the end of 2022, the controlling shareholder of Liangpin Shop was Ningbo Hanyi Venture Capital Partnership (Limited Partnership) (hereinafter referred to as "Ningbo Hanyi"). Ningbo Liangpin Investment Management Co., Ltd. (hereinafter referred to as "Ningbo Liangpin"), Ningbo Hanliang Qihao Investment Management Partnership (limited partnership), Ningbo Hanlin Zhihao Investment Management Partnership (limited partnership) (hereinafter referred to as "Ningbo Hanlin"), Ningbo Hanning Beihao Investment Management Partnership (limited partnership), Ningbo Hanning. Yang Hongchun, Yang Yinfen, Zhang Guoqiang and Pan Jihong are the actual controllers of Liangpin Store. Among them, Yang Hongchun is the chairman and general manager of Liangpin Store.

According to the Prompt Announcement on Dissolving the Relationship of Concerted Action between Controlling Shareholders and Some Concerted Actions signed by Liangpin Store on March 7, 2023, Liangpin Store received the notice of dissolving the relationship of concerted action from Ningbo Hanyi, the controlling shareholder, Ningbo Liangpin, Ningbo Hanliang, Ningbo Hanlin, Ningbo Hanning and Ningbo Hanliang on March 6, 2023. After all partners reached a consensus, Ningbo Hanliang, Ningbo Hanlin and Ningbo Hanliang recently.

Since Yang Hongchun no longer serves as the executive partner of Ningbo Hanliang, Ningbo Hanlin, Ningbo Hanning and Ningbo Hanliang, the relationship between Ningbo Hanliang, Ningbo Hanlin, Ningbo Hanning and Ningbo Hanliang and Ningbo Hanyi and Ningbo Liangpin is dissolved, Ningbo Hanyi and Ningbo Liangpin are still acting in concert.

In short, Yang Hongchun, the real controller of Liangpin Store, was originally an executive partner of Ningbo Hanliang, Ningbo Hanlin, Ningbo Hanning and Ningbo Hanliang, and therefore formed a concerted action relationship with Ningbo Hanyi, the controlling shareholder. By March 2023, Yang Hongchun no longer served as the executive partner of the above four institutions, so the relationship of concerted action was dissolved.

According to the Announcement of Shareholder’s Shareholding Reduction Results signed by Liangpin Store on December 7, 2023, from June 9, 2023 to December 5, 2023, Ningbo Hanliang, Ningbo Hanlin, Ningbo Hanning and Ningbo Hanliang reduced their shareholdings by 6,015,000 shares through centralized bidding, accounting for 1.5% of the total share capital.

The reduction price is 19.28-25.44 yuan/share, and the total reduction amount is 140 million yuan.

After the implementation of this reduction plan, Ningbo Hanliang, Ningbo Hanlin, Ningbo Hanning and Ningbo Hanliang jointly held 9,742,651 shares of Liangpin Store, accounting for 2.43% of the total share capital.

It should be noted that according to the data of the Market Supervision Administration, as of the inquiry date of January 10th, 2024, Yang Hongchun’s shareholding ratio for Ningbo Hanliang, Ningbo Hanlin, Ningbo Hanning and Ningbo Hanliang all exceeded 40%, making him the largest shareholder.

It can be seen that the controlling shareholder has dissolved the relationship of concerted action with Ningbo Hanliang, Ningbo Hanlin, Ningbo Hanning and Ningbo Hanliang. Judging from the shareholding ratio of the partners of the above-mentioned enterprises, the actual controller Yang Hongchun may be the "main force" for this cash.

According to the data of Oriental Fortune Choice, from the date of the announcement of the first round of reduction plan of Gaochun Capital to the date of the expiration of the reduction period of shareholders such as Ningbo Hanliang, the stock price of Liangpin Store reached the highest point on March 2, 2021, with a closing price of 60 yuan/share and a total market value of 24.06 billion yuan. As of December 5, 2023, the stock closing price of Liangpin Store was 24.65 yuan/share, with a total market value of 9.885 billion yuan.

It is estimated that the total market value of good shops may have evaporated by 14.175 billion yuan during the period when the above shareholders reduced their holdings.

The decline of stock price is influenced by many factors, such as the performance change of listed companies, shareholder reduction and so on. After the lifting of the ban on the shares held by the above shareholders, the market value of good shops evaporated by tens of billions of yuan, and how did the frequent reduction of shareholders affect it?

In recent years, convenience stores and snack shops that mainly serve community users have achieved rapid growth with richer products, better consumption experience and higher cost performance, and have become an important force to promote the development and growth of the snack industry.

According to the record of investor relations activities of Liangpin Store in August, 2023, regarding the issue of "measures to deal with competition in the development of volume distribution channels",One of the measures that the good shops responded to was to actively expand the discount snack business by investing in "Snack Stubborn Home" and "Zhao Yiming Snacks".

According to the public information of Black Ant Capital’s WeChat public platform on March 7, 2023, in March 2023, Zhao Yiming Snacks, a snack collection store brand, completed a series of financing of 150 million yuan, which was led by Black Ant Capital and followed by good shops.

According to the public information of Zhao Yiming Food official website, in January 2019, the "Zhao Yiming Snacks" brand was established and the first direct store opened. In October 2019, the first franchise store opened. In October 2022, the total number of "Zhao Yiming Snacks" nationwide exceeded 500. In February 2023, the total number of stores in China exceeded 1,000. In August 2023, the total number of stores in China exceeded 2,000.

Only three years after the establishment of the brand, the number of "Zhao Yiming Snacks" stores has exceeded 2,000, and the development speed is obvious.

However, while the brand of "Zhao Yiming Snacks" is growing rapidly, Liangpin Store only invested in Zhao Yiming Food for half a year, and then sold the underlying equity.

According to the Announcement on Sale of Assets by Wholly-owned Subsidiaries signed by Liangpin Shop on October 17th, 2023, Ningbo Guangyuan Juyi Investment Co., Ltd., a wholly-owned subsidiary, intends to transfer its 3% equity of Yichun Zhao Yiming Food Technology Co., Ltd. (hereinafter referred to as "Zhao Yiming Food") to Shanghai Yihai Enterprise Management Consulting Partnership (Limited Partnership) and Xiamen Heiyi No.3 Overseas Connection Venture Capital Partnership (Limited Partnership) at a total price of about 105 million yuan.

According to this announcement, after the completion of this transaction, Liangpin Store will no longer hold the equity of Zhao Yiming Food, and at the same time, it is expected to generate an investment income of about 60 million yuan in the current period at the consolidated statement level due to the sale of the equity of Zhao Yiming Food.

That is to say, in the face of the rapid growth of snack distribution channels, Liangpin Store declared to investors that it would expand its business by investing in Zhao Yiming Food, but in only half a year, Liangpin Store "hastily" transferred its equity in Zhao Yiming Food, thus obtaining an investment income of about 60 million yuan. In this case, is the good shop investing in Zhao Yiming Zero Food out of business layout or financial investment?

As mentioned above, at the "end" of the first round of the shareholding reduction of Gaochun Capital, the good shops "buy back the shares on dips" for the employee stock ownership plan.

The implementation of employee stock ownership plan can bind the interests of employees with the interests of the company, improve the enthusiasm of employees and create more profits for the company. Therefore, there are certain assessment conditions for the granting and unlocking of equity.

According to the Employee Stock Ownership Plan (Revised Draft) in 2023, the underlying stocks obtained by the employee stock ownership plan will be unlocked by stages 12 months after the last underlying stock of Liangpin Store is transferred to the name of the employee stock ownership plan. The specific arrangements are as follows:

The first batch of unlocking time: it is 12 months from the date when the last target stock of Liangpin Store is transferred to the name of this employee stock ownership plan, and the number of unlocked shares is 33% of the total number of target stocks held by this employee stock ownership plan.

The second batch of unlocking time: 24 months from the date when the last target stock of Liangpin Store was transferred to the name of this employee stock ownership plan, and the number of unlocked shares is 33% of the total number of target stocks held by this employee stock ownership plan.

The third batch of unlocking time: it is 36 months since the last target stock of Liangpin Store was transferred to the name of this employee stock ownership plan, and the number of unlocked shares is 34% of the total number of target stocks held by this employee stock ownership plan.

If the performance appraisal indicators at the company level corresponding to the first batch are not reached, the corresponding rights and interests shall not be unlocked, and the related rights and interests shall be recovered by the management committee at the original investment amount of the underlying stock corresponding to the share, and the management committee shall dispose of the recovered related rights and interests according to the plan approved by the board of directors. There is no company-level performance appraisal in the second and third unlocking periods of this employee stock ownership plan.

With regard to company-level performance assessment, based on the operating income or net profit value in 2022, the operating income growth rate or net profit growth rate of the assessment year, that is, the operating income or net profit value in 2023, is assessed.

That is, the growth rate of operating income or net profit in 2023 is higher than 20%, and the unlockable ratio at the company level is 100%; If it is higher than 16% but lower than 20%, the unlocking ratio is 80%; If it is less than 16%, the unlocking ratio is 0%.

It should be noted that the above-mentioned "net profit" refers to the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses.

Looking back to the performance level of good shops.

According to the data of Oriental Fortune chioce, from 2019 to 2022 and from January to September in 2023, the operating income of good shops was 7.715 billion yuan, 7.894 billion yuan, 9.324 billion yuan, 9.44 billion yuan and 5.999 billion yuan respectively, with year-on-year growth rates of 20.97%, 2.32%, 18.11% and 5.999 billion yuan respectively.

In 2019-2022 and January-September 2023, the net profit of Liangpin Store after deducting non-recurring gains and losses from shareholders of listed companies was 274 million yuan, 275 million yuan, 206 million yuan, 209 million yuan and 122 million yuan respectively, with year-on-year growth rates of 31.78%, 0.57%, -25.15% and 1.2 million yuan respectively.

It is not difficult to see that in 2019, the performance of good shops was in a relatively "highlight moment", and the growth rate of revenue and net profit exceeded 20%. The following year, its performance growth slowed down. In 2021, there was no increase in income, but it increased slightly in 2022. By January to September 2023, its performance both fell into negative growth.

In this case, is it difficult for employees of good shops to unlock the corresponding performance appraisal indicators in the first batch of shares? The answer may be known after the announcement of the 2023 annual performance of Liangpin Store.

In addition, good shops boast of "the first share of high-end snacks", but the gross profit margin is not optimistic.

According to the semi-annual report of Liangpin Store in 2023, Liangpin Store said that it landed in the capital market as the first "cloud-listed" enterprise of Shanghai Stock Exchange in 2020 and became the first "high-end snack" in China. In addition, the good shop quoted the data of the "2022 Snack Market Research Report" of the China National Business Information Center, and disclosed that from 2015 to 2022, it led the domestic high-end snack sales for eight consecutive years.

However, the gross profit margin of good shops since listing may still be less than the average of peers.

According to the prospectus signed on January 21st, 2020, the comparable companies in the same industry of Liangpin Store include Shanghai Laiyifen Co., Ltd. (hereinafter referred to as Laiyifen), Haoxiangni Healthy Food Co., Ltd. (hereinafter referred to as Haoxiangni), Three Squirrels Co., Ltd. (hereinafter referred to as "Three Squirrels") and Yanjinpu Food Co., Ltd. (hereinafter referred to as "Yanjinpu Store").

According to the annual report of Liangpin Store in 2020-2022, the gross profit margin of Liangpin Store’s main business in 2020-2022 was 27.45%, 26.98% and 27.67% respectively.

According to the above-mentioned annual reports of comparable companies in the same industry and the data of Oriental Fortune Choice, from 2020 to 2022, the gross profit margin of your main business is 17.76%, 25.03% and 22.69% respectively. The gross profit margin of the main business in Iraq is 42.13%, 42.46% and 41.92% respectively; The gross profit margin of the main business of the three squirrels is 23.9%, 29.38% and 26.74% respectively; The gross profit margin of Yanjin Shop’s main business is 43.83%, 35.71% and 34.72% respectively.

It is estimated that the gross profit margin of the main business of the above-mentioned comparable companies in the same industry will be 31.91%, 33.15% and 31.52% respectively from 2020 to 2022, which is higher than the gross profit margin of the main business of Liangpin Store in the same period.

It can be seen that in 2020-2022, the gross profit margin of the main business of good shops was lower than the average of peers. Therefore, does the gross profit margin level of the above-mentioned main business of Liangpin Shop contradict with the "high-end" positioning?

Continue to pay attention to the employee stock ownership plan of the good shop.

According to the announcement signed by Liangpin Store on January 12, 2023, Liangpin Store held the first employee representative meeting, the 18th meeting of the second board of directors and the 14th meeting of the second board of supervisors in 2023 on January 11, 2023, and deliberated and passed the Proposal on the Company’s Employee Stock Ownership Plan (Draft) in 2023 and the Administrative Measures on the Company’s Employee Stock Ownership Plan in 2023.

On the signing date of the above announcement, Liangpin Store also announced the 2023 Employee Stock Ownership Plan (Draft), and the price of the shares repurchased by Liangpin Store in the employee stock ownership plan is 9.9 yuan/share. The total number of employees participating in this employee stock ownership plan shall not exceed 90.

Among them, there are 9 supervisors and senior managers, namely, Li Haohao, Jia Liming, Liu Ling, Jin ‘an, Xu Ran, Ke Bingrong, Xuanmingfeng, Ma Teng and Wan Zhang Nan, and their total share accounts for 37.84% of the total planned share. The total share of other middle and senior managers and core professionals accounts for 62.16% of the total planned share.

The source of the underlying stock involved in this employee stock ownership plan is the common stock of Liangpin Store.

As for the share payment fee, it is assumed that the employee stock ownership plan will transfer 3,016,600 shares of Liangpin Store held in the special securities account for Liangpin Store repurchase to the employee stock ownership plan by means of non-transaction transfer at the end of February 2023, with the closing price of Liangpin Store on January 11, 2023 (35.35 yuan/share) as the forecast, and the share payment fee will total 76,772,500 yuan.

Oddly, the next day, Liangpin Store revised the 2023 Employee Stock Ownership Plan (Draft), which was reviewed and approved by the Board of Directors and the Board of Supervisors.

According to the "2023 Employee Stock Ownership Plan (Revised Draft)" signed by Liangpin Store on January 13, 2023, after the revision of the draft, the price of the stock repurchased by the employee stock ownership plan is 16.7 yuan/share. The upper limit of the share to be held by the incentive object is increased, and the corresponding proportion of the total share of the plan remains unchanged.

Assume that the employee stock ownership plan will transfer 3,016,600 shares of Liangpin Store held in the special securities account for Liangpin Store repurchase to the employee stock ownership plan at the end of February 2023 by means of non-transaction transfer and other laws and regulations, and the stock payment fee will be 53,031,800 yuan based on the closing price of Liangpin Store shares on January 12, 2023.

In other words, after the price changes, the calculated share payment fee disclosed by the good shop may be reduced by RMB 23,740,700.

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The design of FAW-Volkswagen CC adopts dynamic and smooth lines, and the front face adopts sharp LED headlights and unique air intake grille, which shows a strong sporty atmosphere. The shape of the whole vehicle presents a low posture, and with simple and powerful body lines, it shows its unique fashion style.

The body size of FAW-Volkswagen CC is 4865 * 1870 * 1459mm, the wheelbase is 2841mm, the front tread is 1586mm, and the rear tread is 1572mm. The side lines of the car are smooth and elegant, outlining the dynamic body outline. Equipped with 18-inch rims, the front tyre size is 245/45 R18, and the rear tyre size is also 245/45 R18. The matching rim style is both sporty and fashionable, which enhances the visual effect of the whole vehicle.

The interior design of FAW-Volkswagen CC is full of modernity, luxury and sporty style. The center console is equipped with a 9.2-inch touch screen, supports voice recognition control system, and can easily control multimedia system, navigation, telephone and air conditioner. The steering wheel is made of genuine leather, which has the function of manual adjustment up and down and back and forth, providing a comfortable grip and a good control experience. There are plenty of USB and Type-C interfaces in the car, including three in the front row and two in the back row, to meet various charging needs. The seat is made of leather /Alcantara mixed material. The main and auxiliary seats support multi-directional adjustment, including front and rear adjustment, backrest adjustment, height adjustment and lumbar support, and are equipped with heating function to provide a comfortable riding experience for drivers. The rear seats can be laid down in proportion, which further improves the flexibility and storage capacity of the vehicle.

FAW-Volkswagen CC is equipped with a 2.0T turbocharged engine with a maximum power of 137kW and a maximum torque of 320N·m, which provides a strong power output for the vehicle. With the 7-speed wet dual-clutch gearbox, the power transmission is more efficient and smooth, bringing excellent driving experience.

Car owners in car home believe that the thick lines on the hood of FAW-Volkswagen CC show a sense of output, and the white body shines in the sun, which makes it highly recognizable on the road both statically and dynamically.

On September 10th, Guangzhou Automobile Chuanqi E8+ MPV went on the market today, and launched three models: MAX+version, Longteng Guanghui+and Longteng Starry Night+version, with the price range of 232,800-238,800 yuan. The new car is based on the electronic and electrical architecture of GAC Spirit, and the appearance and interior design have not changed much, but the configuration has been greatly improved. The new car is equipped with ADiGO driver assistance system, and the comfort configuration is optimized, such as standard steering wheel heating, rear small table board and two rows of zero-gravity seats.

In addition, Chuanqi E8+also introduced preferential policies for car purchase. From now until September 30th, you can enjoy the comprehensive rights and interests of up to 30,000 yuan under the order of Chuanqi E8+. When you buy Chuanqi E8 Longteng+,you can also get a "refrigerator color TV" boutique set worth 10,000 yuan. Chuanqi E8 old car owners can enjoy the suit at half price.

IT House noticed that the appearance of Chuanqi E8+series has not changed much compared with E8 series, and it still adopts the design of split light group and through LED daytime running lights. The front grille is designed without a frame, with a patchwork of banners in the middle net, and the front enclosure is equipped with LED light groups arranged vertically on both sides.

The side of the car body maintains the traditional MPV structure, with 18-inch seven-spoke wheels and chrome-plated side skirts. The new car is equipped with double side sliding doors, with a body size of 4920/1900/1760mm and a wheelbase of 2930mm. The rear is equipped with a roof spoiler and a blackened through taillight group.

In terms of interior, the new car is equipped with an 8.88-inch full LCD instrument panel and a three-spoke multi-function steering wheel. The center console is equipped with a 14.6-inch multimedia touch screen, equipped with an 8155 chip and a car voice wake-up function. The channel area of the center console is equipped with electronic key shift mechanism, wireless charging panel and double cup holder, and the overall stepped design makes the new car more atmospheric. The new car can also be equipped with HUAWEI HiCar mobile phone interconnection box.

In terms of comfort configuration, the new car comes standard with steering wheel heating, automatic anti-glare interior rearview mirror, front seat ventilation and heating, ambient light, rear small table board, two rows of zero-gravity seats, rear sound insulation glass and manual side window sunshade. The new car still adopts a 7-seat layout, and the trunk volume is 345-1917 liters.

In terms of intelligent configuration, the new car has added the functions of fatigue driving monitoring, door opening warning and rear anti-collision warning. As standard, the front and rear parking radars are upgraded to 13 ultrasonic radars and 2 millimeter-wave radars. In terms of intelligent driving system, the new car has added ADiGO driver assistance system, which comes standard with parallel assistance, lane centering and reversing side warning. Voice wake-up recognition is increased to four areas.

In terms of power, the new car still adopts a hybrid system consisting of a 2.0L four-cylinder engine and an electric motor. The maximum power of the engine is 103 kW and the maximum torque is 180 Nm. The front motor has a maximum power of 134 kW and a maximum torque of 300 Nm. The battery adopts liquid-cooled ternary lithium battery pack, and the battery energy is 25.57kWh. Under CLTC working condition, the pure electric cruising range is 150 kilometers, and the comprehensive cruising range is 1200 kilometers. The new car supports fast charging and is equipped with 3.3 kW external discharge function.

Speaking of childhood memories, Ashton Chen’s little bald head image is the most representative one, although most of them now play the role of green leaves. But small 8 found under the clues that Ashton Chen’s background is not simple, and his real identity is a rich second generation!　

From time to time, Ashton Chen’s personal Weibo has car racing and golf map updates, and the high-end point of the star’s business activities is understandable. However, in Reuters’s map, Ashton Chen can often see luxury cars nearby, which makes people wonder about Ashton Chen’s identity background.　

Ordinary people who travel on weekdays are extended Land Rover Range Rover, worth more than 3 million yuan, and there are also many sports cars such as Audi R8 and RS7. In addition to owning a car, racers certainly have to be very rich. After all, modification and loss are not small expenses.

Ashton Chen’s father, Chen Tongshan, is one of the 18 King Kong in Shaolin. Born in a martial arts family, he devoted himself to the cause of martial arts. From Shaolin Wushu Performance Troupe to Wulin School, he is famous all over the country and even in neighboring countries. All this must require a lot of money, so how can it work smoothly?

It turns out that Ashton Chen’s father manages nine companies, whose industries involve the spread of martial arts culture, diet, film and television, etc. His son is sent to master Shi Yongxin to study, and Chen Tongshan is not idle. With the basic strength, what he wants to do can naturally be realized slowly.　

Ashton Chen, who made her debut in childhood, is also an expert in making money. Since "shaolin popey" in 1994, many martial arts films have been made, with lovely images and aura. Every time I look at previous films, I admire this little actor’s acting skills.

Ashton Chen’s film and Shang Yan are the first pot of gold for Chen Tongshan to get rich. The film contract is constant, and the popular income of the booming will naturally not be low. If you invest in the real estate, you will have a huge family fortune now. It is said that you also have a whole commercial street in Dengfeng.

Chen Tongshan also has two famous martial arts schools. Many people come here to cultivate countless talents, including world-class and national champions, or martial arts child stars like Ashton Chen. The martial arts film and television base set up conveniently also provides a lot of convenience for martial arts action movies.　

All in all, Chen Tongshan is worth at least 100 million yuan, and his strength cannot be underestimated. Although the development of these undertakings is also very helpful to personal interests, it is self-evident that they have made contributions to spreading Shaolin Kung Fu and making Wushu go global.　

Without his father’s business acumen, Ashton Chen’s salary as a child could not have made such a big industry. There are many things to spend money, and the fastest flowing thing in the world is money. Ten or twenty years ago, the pay of popular actors was only nine Niu Yi cents compared with the current traffic.　

The number of works is also because Ashton Chen is an old-timer in the film and television circle. Occasionally, the staff around him will ask him if he was born in more than 90 years. It’s really hard to imagine that he was born in 88 just by looking at his appearance. After 25 years in the industry, he still hasn’t lost his youthful spirit. It seems that he will be the same as Jimmy Lin.　

Although rich, Ashton Chen loves acting as much. He was trained as a Shaolin disciple because of family reasons, and he was amazing at acting. He just debuted in 1993 and had supernatural acting skills in front of the screen, and he did not fall into the same strange martial arts. small 8 saw that many adult actors could not do this.　

When he grew up, his career would definitely change. During that quiet period, Ashton Chen was sent to the United States for further study because of his superior family conditions. There is no need to worry about no filming at all, and the property of over 100 million in the family is estimated to be not bad for the money earned from filming in recent years.　

Ordinary artists are easily misunderstood by the secular as making money and wanting to be popular, but when we learn that a person will go back to inherit thousands of possessions if he doesn’t film well, we will sincerely think that this is a person who is serious about his career.　

Ashton Chen’s father invested a lot in martial arts, and constantly expanded the art of martial arts. Father and son who earn money are also enthusiastic about public welfare. Chen Tongshan not only concentrates on martial arts education, but also participates in many charitable activities like Ashton Chen.　

China has such a rare talent, which is really a treasure in the entertainment circle. Ashton Chen is willing to be a supporting role in many film and television dramas, and all of them are real kung fu. I hope that there will be more people in the entertainment circle who speak with real skills, devote themselves to drama and produce more masterpieces of word of mouth.

　　It is imperative for Chang ‘an, which reshuffles its cards, to accelerate new energy sources.

　　Sub-brands play a phased role from appearance to departure. The last stage has come to an end and they are ready for the next stage.

　　At the end of the year, Changan X5 PLUS and X7 PLUS, two classic models of Changan Auchan, have been updated one after another, but the brand-new V-shaped logos of the two cars are very eye-catching and adopt a brand-new naming method. It seems that everything points to the return of the new car to the brand sequence of Changan Automobile. Where will the Auchan brand go?

　　In 2018, Changan Auchan was born. With the blessing of Changan brand and the accuracy of positioning, it quickly occupied a seat in domestic second-line independent brands and harvested in the low-end market.

　　Changan’s joint venture brands are becoming more and more obvious. Changan has built the Auchan brand with the strength of the brand, and Auchan has helped Changan Automobile to move smoothly into the passenger car market.

　　In the next three years, Changan Auchan entered a golden age. If it is pessimistic, it seems to be the last carnival of fuel vehicles, because the development of China automobile soon reached a turning point.

　　Behind the Shuang Sheng, the fuel car is shrinking silently.

　　In 2022, Rao, Changan Auchan, who still made a lot of money in the field of fuel vehicles, realized that this was not a long-term solution, so he launched Auchan Z6 and the hybrid model Auchan Z6 iDD, in order to get out of the comfort zone and want to inject new energy into Changan Auchan brand.

　　However, the injected new energy force is in conflict with the low-end market where it is located, and the premium brought by new technologies and the existing audience groups begin to contradict, and soon Changan Auchan, who once climbed all the way, began to slow down.

　　As a fuel model, Auchan Z6 has not reproduced the excellent performance of Auchan X7 and X5 since its launch. However, the hybrid model Auchan Z6 iDD did not arouse much splash. In the final analysis, it is the mismatch between technology and pricing. The plug-in hybrid in the market has already appeared the standard answer like BYD, so Auchan is even more silent.

　　It never rains but it pours. This year, the fuel car market began to shrink, and it was very obvious. In 2022, the sales volume of passenger cars in China was 23.563 million, a year-on-year increase of 9.5%.

　　Among them, new energy vehicles sold 6.887 million vehicles in the whole year, up 93.4% year-on-year, and the market share increased to 25.6%, up from 12.1% in the previous year. In other words, in 2022, the sales volume of passenger cars in China will increase by 9.5% year-on-year, and the role of new energy vehicles is the biggest.

　　From the sales data, the sales volume of fuel vehicles decreased by more than 2 million units in 2022. However, Chang ‘an’s 2022 answer sheet hit a new high in five years. It is worth noting that Changan Automobile also disclosed the main subsidiaries and shareholding companies that affected the company’s net profit by more than 10% in 2022. Specifically, Aouita lost 2.015 billion yuan, Changan New Energy lost 3.196 billion yuan and Changan Ford lost 2.449 billion yuan.

　　But the reality of the market is that no matter how hard we try to absorb nutrients, it is limited, especially when the market is shrinking.

　　Therefore, the weakness of Changan Auchan this year is becoming more and more obvious, and the shrinking market has caused many brands to start to cut prices on a large scale. The most serious impact of this year’s price war is the low-priced market, because the price itself is already very low, but the price above will be under pressure, so the impact on Changan Auchan’s fuel vehicles this year can be imagined.

　　New energy sources are cutting prices, old first-line fuel vehicles are cutting prices, and second-line Auchan’s living space is constantly being compressed, so the beginning of head pressure is the beginning of the disappearance below.

　　Reflected in the sales volume, the sales volume of Changan Auchan brand in November 2023 was 22,526 vehicles, up 32.7% year-on-year and down 19.9% quarter-on-quarter.

　　The chain of single products is also declining. In November, the sales volume of Changan Auchan X5 PLUS was 5,771 units, down 7.97% from the previous month. However, it accounted for 28.83% of Changan automobile sales, and its ranking in SUV sales dropped by 4 places compared with last month.

　　It can be seen that Changan Auchan is still a pillar for Changan brand in the fuel vehicle sector, but it will inevitably be slightly affected when the whole market begins to compress.

　　This means it’s time to shuffle again.

　　The old does not go, the new does not come.

　　This wave of Auchan’s return to Chang ‘an may mean that Chang ‘an is carrying out brand reconstruction and sequence rejuvenation. In fact, from the beginning of this year, Changan has been making adjustments, starting with new energy vehicles and launching a multi-brand strategy.

　　Deep Blue announced that it would change its name to "Deep Blue Automobile", or it would change from Changan to an independent operation mode, similar to the relationship between Geely and Krypton Automobile. The official said, "Changan Deep Blue was changed to Deep Blue Car to make the brand clearer, and nothing else has changed."

　　In the second half of the year, Changan Qiyuan was officially released. Changan Automobile’s new energy will become a parallel pattern of Qiyuan, Deep Blue and Aouita. Qiyuan is different from Aouita and Deep Blue. Both of them have Changan as the largest shareholder, but Qiyuan is a series of brands hatched by Changan Automobile, which is 100% owned by Changan Automobile. This means that Qiyuan, a "son" in the field of new energy, has higher autonomy.

　　The new energy field pushes three in one breath, and the brand in the fuel vehicle field returns, and the focus of Changan is clear at a glance. It seems that the three brands cover almost all the current new energy power scenarios, and Aouita and Deep Blue also have the advantage of intelligence with the help of Huawei. But in fact, there is no strong profit cow in Chang ‘an’s new energy.

　　Let’s start with Aouita, who has made his debut for the longest time. Last week, there was a major personnel change in Aouita, and Zhu Huarong, Party Secretary and Chairman of Changan Automobile, served as Chairman of Aouita Science and Technology. Zhu Huarong’s appointment is an important manifestation of his great attention to Aouita.

　　As the "eldest son", Aouita shoulders the responsibility of Changan to attack the high-end field of new energy, so Changan will spare no effort to pull Huawei, Contemporary Amperex Technology Co., Limited and other allies to pour a lot of resources, technology and funds into Aouita. However, the sales volume and cognition did not seem to break out. In the first 11 months of this year, the highest monthly sales volume in Aouita was only 2,825 vehicles, and the sales volume in other months remained at around 1,000 vehicles. It seems that the target of 100,000 vehicles can only be achieved less than one fifth.

　　Therefore, Aouita 12 tried to break through the bottleneck, and the result is still unknown. Changan’s new energy rhythm broke out this year, and the mid-range dark blue car and the low-end Changan Qiyuan were sorted out successively, but some of them fell behind.

　　Compared with several other independent brands, both the main brand and the new series are somewhat slow. The leading BYD is even catching up with Tesla this year. It is predicted that BYD accounts for 17% of the global pure tram market, and it is expected to surpass it in the fourth quarter of this year and become the first in the world.

　　In the first 11 months, the cumulative sales volume of Guangzhou Automobile Ai ‘an was 434,000 units, and the growth rate in the first half of the year was amazing. Geely’s five products in three years have sold about 94,000 vehicles as of November this year. Combined with the new models launched at present, it is hopeful to complete the total sales of 120,000 vehicles in 2023.

　　In contrast, Aouita delivered 21,483 units in the first 11 months, while Deep Blue delivered 122,000 units in the first 11 months. It’s not a remarkable achievement. I don’t know if I can turn the situation around with Aouita’s 12 big break of 20,000 vehicles.

　　Changan’s iron triangle of new energy has already begun to take shape, but it will take time for the "three carriages" to be quickly accepted by the market. According to the plan, Changan Automobile will have 27 new energy products in 2025, among which Changan Qiyuan will launch 10 new digital intelligent evolution new automobile products. At the same time, Deep Blue Auto will launch 6 models and 4 models from Aouita, totaling more than 20 heavyweight products. The sales volume of new energy reached 1.2 million vehicles, accounting for 40%, and by 2030, the sales volume will reach 2.4 million vehicles, accounting for 60%.

　　Although the plan is beautiful, Chang ‘an’s fuel is under pressure, and new energy has not yet broken through the shackles and ushered in an outbreak. Therefore, Changan carefully adjusted the chessboard, further reclaimed the brand of fuel vehicles, and accelerated the development of new energy, which may be Changan’s main plan for 2024.

　　Auchan’s rebranding into Chang ‘an seems to indicate the future in which independent fuel brands will gradually shrink.

　　[Aika Auto Domestic New Car Original]

　　On December 8, 2023, FAW Pentium officially announced the official guide price of the new Pentium B70. The new car has launched two models with a price range of 12.99-13.79 million yuan. At the same time, FAW Pentium also announced the listing rights including cash gift, financial gift, replacement gift, quality assurance gift and flow gift.

　

　　A quick look at the highlights of new cars

　　New appearance and interior design, and the body size is further increased.

　　Equipped with a new generation of car platform and a new generation of D-Life 6.0.

　　Huawei HiCar Internet and Yilian systems cover three mainstream systems: HarmonyOS system, Android system and ios system.

　　Equipped with 2.0T engine and Aisin 6AT gearbox.

　　New car introduction

　　As a mid-term redesigned model, the new Pentium B70 adopts a brand-new family design language of "strength, purity and perfection", and the "layered" front grille adopts a borderless design, which makes the new car look more in line with the aesthetic needs of consumers at the same time. The "flying wing" headlight group is smooth and stretched, with a brand-new brand logo, which makes the front face look full of inductance, with a sense of advanced and technology.

　　The new car also uses more dynamic side lines, and the slip back design further highlights the movement and elegance of the new car. The multi-spoke large-size rim also highlights the sense of movement while highlighting the luxury. The double waistline design makes the side design more layered. One waistline runs from the front lamp group to the taillight group, and with the slightly raised wheel eyebrow lines before and after, it not only enriches the visual layering, but also enhances the sense of movement of the vehicle. In terms of size, the length, width and height of the new car are 4855*1840*1455mm, the length of the car is 45mm longer than that of the current model, and the wheelbase is 2800 mm. It is a standard medium-sized car.

　　The rear of the new car adopts the popular through taillight design, which further extends the visual width of the rear with the times, and the brand subtitle is located under the taillight. This design has more or less improved the grade sense of the whole car, and it meets the aesthetic needs of the moment with the exhaust system of the two sides below.

　　In terms of interior, the new car adopts a dual-screen design with a full LCD instrument panel and a central control multimedia display screen, and is equipped with a penetrating air conditioning outlet, which is very fashionable as a whole. At the same time, the design of the dual-spoke multi-function steering wheel and the suspected toggle shift mechanism also adds a sense of luxury to the interior of the new car. The new car adopts a new generation of car platform, and the software and hardware performance of the intelligent cockpit system and intelligent cockpit are fully upgraded. The main control SOCS adopts industry mainstream chips and 8-core processors, with a computing power of 62.5K, which is smoother without crashing, and the time for hot-start reversing images is less than 1 s. The new car is equipped with Pentium D-Life 6.0 system, with rich in-vehicle applications, and with the blessing of Iflytek 3.5 voice suite, it can realize efficient interaction that can be seen and spoken. In addition, Huawei HiCar Interconnect and Yilian systems cover three mainstream systems: HarmonyOS system, Android system and ios system.

　　The new Pentium B70 is equipped with a 2.0T turbocharged engine and Aisin 6AT gearbox. The maximum power of the power system is 165kW, the maximum torque is 340Nm, and the acceleration per 100 kilometers is 7.86s s..

　　Editor’s point of view: The new Pentium B70 will form an independent three musketeers in the medium-sized car market with Geely Xingrui and Chery Arrizo 8. Compared with competitors, the new Pentium B70 has certain product advantages in size, power and configuration, and it is believed that it will gain a good market share after listing.

Wonderful content review:

Do you really know young people better than young people? Try Pentium T90

Pentium T90 is officially listed at a price of 100,000-146,999,000 yuan.

2023 Shanghai Auto Show: FAW Pentium T90 officially unveiled.

Dear friends, have you ever been worried about choosing a car? AT, CVT, DCT, these terms are dazzling. Today, I will give you a general idea of the difference between these gearboxes, so as to help you not be confused when choosing a car.

1. Manual gearbox (MT)

First of all, we have to talk about the manual gearbox, which is MT. This kind of gearbox needs us to do it ourselves and shift gears according to factors such as speed and speed. It’s like a "hands-on" friend, which needs us to worry more. But it is this "hurry-scurry" that makes many people feel that MT is a bit troublesome. Moreover, many novice drivers are not sure about the timing of shifting, and it is easy to have problems such as frustration and flameout. So, MT gearbox is more suitable for drivers who like driving and pursue a sense of control. Low fuel consumption, cheap maintenance and high durability.

2. Automatic gearbox (AT)

Automatic gearbox, that is, AT, can be said to be the gospel of lazy people. Step on the accelerator and the gearbox will automatically help you choose the right gear. There is no need to worry about the frustration caused by the wrong shift timing. Moreover, the AT gearbox has fast response speed and smooth shifting, which makes driving easier. However, AT gearbox also has its shortcomings. First of all, its cost and maintenance are relatively high; Secondly, some AT gearboxes will feel frustrated at low speed. So, AT gearbox is more suitable for friends who pursue driving comfort.

3. Continuously variable transmission (CVT)

Continuously variable transmission, that is, CVT, can be said to be the "chameleon" in the transmission. It is not in the traditional sense, but transmits power through two cone wheels and steel belts. This means that it can continuously change the transmission ratio and make the acceleration of the vehicle smoother. CVT gearbox performs very well in urban commuting and daily transportation, and its fuel consumption is relatively low. But ah, CVT gearbox also has its shortcomings. For example, its carrying capacity is relatively small and it is not suitable for intense driving; For another example, some CVT gearboxes will slip when accelerating rapidly. So, CVT gearbox is more suitable for friends who pay attention to economy and comfort.

4.（DCT）

Dual clutch gearbox, namely DCT, can be said to be the choice of high-end players. It combines the advantages of manual gearbox and automatic gearbox, and has the characteristics of fast response and smooth shift. At high speed, DCT gearbox can provide better acceleration performance and fuel economy. But ah, DCT gearbox also has its shortcomings. For example, its manufacturing cost is high; For another example, the technical requirements for drivers are relatively high. So, DCT gearbox is more suitable for friends who pursue high performance and driving pleasure.

Having said that, everyone should have a general understanding of these gearboxes. Actually, which gearbox to choose depends on your own needs and preferences. If you are a driver who likes driving and pursues a sense of control, then MT gearbox is definitely the best choice. If you are a friend who pursues driving comfort, then AT gearbox is definitely more suitable for you. If you are a friend who pays attention to economy and comfort, then CVT gearbox will definitely not let you down; If you are a friend who pursues high performance and driving pleasure, then DCT gearbox can definitely meet your needs. Personally, I recommend Aisin and ZF AT gearbox, but CVT doesn’t recommend it.

Finally, what I want to say is that no matter what kind of gearbox you choose, safety is the most important. So, while enjoying driving, we should always remember that safety comes first! I hope this article can be helpful to everyone, and I wish you all the best in choosing your favorite model! If you like it, just like it. If you don’t like it, just say something about me.