21st century business herald reporter Zuo Maoxuan reports from Shanghai.

After several twists and turns, the smart electric vehicle brand jointly built by Baidu and Geely has gone beyond the limit, and finally started the market-oriented stage.

On October 27th, its first model, Extreme Yue 01, was officially launched. This time, two models, Extreme Yue 01 Max and Extreme Yue 01 Max Performance, were launched, and the price was 249,900 ~ 339,900 yuan.

Among them, the most concerned high-order intelligent assisted driving function "ROBO Drive Max", which is regarded as the core competitiveness of Chaoyue, supports 980 yuan’s subscription on schedule/month, or a one-time buyout of 49,900 yuan.

Extreme leap is an important carrier of Baidu’s dream of building a car.

In January 2021, Baidu announced the establishment of a smart electric vehicle company with Geely. In March, Jidu Automobile was formally established with a registered capital of 1 billion yuan. Baidu and Geely held 55% and 45% of the shares respectively, and received over 300 million US dollars in start-up funds.

At the Guangzhou Auto Show at the end of 2022, the first automobile robot ROBO 01 of Jidu was officially unveiled. It was built based on Geely’s vast SEA architecture, and the intelligent scheme mainly came from Baidu.

Limited by the qualification problem, Jidu Automobile almost fell silent in the first half of this year.

Until August 14th this year, Geely Holding Group released official information and announced the strategic upgrade of cooperation with Baidu. Its brand-new automobile robot brand "Extreme Yue" was officially released, and its first model was officially named "Extreme Yue 01".

"Extreme Yue" is born out of Jidu Automobile, and follows the brand logo of Jidu Automobile. Extreme Yue 01 is the first production car ROBO 01 of Jidu.

The company behind Jiyue brand is Hangzhou Jiyue Automobile Technology Co., Ltd., which was formally established on August 9 this year. Zhejiang Geely Investment Holding Co., Ltd. and Shanghai Mihang Automobile Co., Ltd., which is wholly owned by Baidu, jointly hold shares, with the dual shareholding ratio of 65% and 35% respectively.

Although the equity has changed, the division of labor has not changed: Geely is responsible for vehicle manufacturing and Baidu is responsible for AI empowerment.

Extreme Yue seems to be the product of a "strong alliance" and regards Tesla as the goal of his own challenge.

"From beginning to end, we wanted to have a fight with Tesla." On October 28th, Xia Yiping, CEO of Extreme Vietnam, stressed in an interview with 21st century business herald.

In his view, although players in the industry want to benchmark Tesla, no one can shake its position yet. And the more intelligent the price is, the better the price/performance ratio is in the current industry.

Intelligence is regarded as the core competitiveness, which is similar to Tesla and Tucki.

However, as far as the moment is concerned, it is only now that it has entered the market, and the market challenges it faces are extremely severe. Whether facing "Wei Xiaoli" or Huawei, intelligence has become the main battlefield for various smart electric vehicle companies to compete. As a latecomer, Jiyue is facing the pressure of market competition, technology, supply chain and so on.

"Pure Vision" Intelligent Driving Scheme

The ultra-yue car said that the ultra-yue 01 is the world’s first AI car robot. This concept seems to be a gimmick, but it is also a way to emphasize one’s greatest characteristics as a latecomer to the market.

When Baidu and Geely jointly conceived to build a new brand, they had already made clear the special attributes of this new brand.

The main purpose of Baidu is to inherit the core competence of Baidu Apollo, and re-integrate and verify it, so that Baidu has a landing scene in the research and development of autonomous driving for many years.

Geely itself has a complicated brand sequence including Geely, Link, Volvo, Polar Star, etc. It does not need a new brand that is too close to the previous brand positioning, but hopes to make more attempts in intelligence, so as to explore more possibilities in the future automobile era.

In other words, Geely provides technical support for the "body" of the company, while Baidu is responsible for the "soul" of the smart car of the company.

Extreme Yue 01 is based on the vast architecture of Geely SEA, which has been applied in many brands such as Extreme Krypton, smart and Polar Star, and its performance and quality have been preliminarily recognized in the market.

Therefore, intelligent ability is the core competitiveness that Extreme Vietnam tries to focus on.

According to Extreme Yue, the intelligent driving of Extreme Yue 01 relies on the "pure vision" perception algorithm. Its pure vision perception architecture has 11 high-definition cameras, 12 ultrasonic radars and 5 millimeter-wave radars, totaling 28 intelligent driving sensors, and the laser radar is cancelled.

This scheme named "ROBO Drive Max" is the first "pure vision" scheme in China to get through the network occupied by BEV+Transformer+OCC. On a global scale, it is also the second car company to adopt a pure vision solution after Tesla FSD.

According to Xia Yiping, at the beginning of this year, Extreme Vietnam made a lot of evaluations when it planned to take off the lidar and adopt a pure vision algorithm, especially in the early days, and it also expected the local experience to decline. However, from the perspective of cost and optimization of computing power, the pure vision scheme was finally adopted.

Xia Yiping believes that going to lidar is not an inevitable result, and there are always repeated in the process of technological development.

"Under the current laws and regulations, it is of no value to be too aggressive in autonomous driving. The first step is to model the whole vision algorithm. The future vision model must be more general, not a simple concept of automatic driving, but more a concept of general artificial intelligence. This is a long-term development trend and irreversible. " Xia Yiping said.

In his view, the advanced intelligent driving function at this stage should start from the scenes used by users every day, not just "showing off skills".

According to reports, ROBO Drive Max includes point-to-point navigation assistance PPA+ parking service AVP+ROBO Drive full function.

Point-to-point pilot-assisted PPA, with high-order intelligent driving assistance capability covering high-speed and urban scenes. When PPA is started, it can complete a series of functional scenes such as autonomous lane change overtaking, getting on and off ramps, obstacle avoidance in and between lanes at high speed and overhead. In urban roads, zebra crossings and traffic lights can be accurately identified, and driving tasks such as courtesy to pedestrians, unprotected left turn and avoiding non-motor vehicles can be completed.

In parking service, it can not only identify various types and complex parking spaces, but also support a distance of up to 2 kilometers. Both indoor and outdoor parking lots can be used, and it can support the parking of any parking space on the same floor to the entrance and exit of the parking lot.

It is understood that this year, ROBO Drive Max will open the high-level intelligent driving function in the urban area to all users in Shanghai, Shenzhen and Hangzhou, and PPA can be used in 90% of the high-speed viaducts in the country. In 2024, PPA will gradually open 200+ cities nationwide.

However, as far as the more complicated traffic environment in China is concerned, whether this pure vision scheme can work depends on the subsequent effect on the actual road before we can make a judgment.

In terms of intelligent cockpit, Extreme Yue 01 was first equipped with 8295 chip of Qualcomm’s 4th generation Snapdragon digital cockpit platform, and dual NPU(60TOPS) was fully enabled for the first time. In addition, Extreme Yue has also integrated the large-scale model capability of ERNIE Bot, making it the first smart car in the world with a large model.

Just from 0 to 0.1.

"I firmly believe that from yesterday, the entire new energy automobile industry will be divided into pure new energy vehicles and smart cars." On October 28th, Xia Yiping said in an interview with 21st century business herald.

He believes that the difference between the two lies in the different requirements for mastering the core technical capabilities. One is dominated by technology companies, which have the ability to calculate and master the core of the algorithm; One is dominated by the traditional mechanical performance companies of Sanpower in the past. This has undergone a watershed change.

"I don’t think we have entered a’ Red Sea’ battlefield. I think we still have to open up a new battlefield." Xia Yiping said.

Although the current competition in the smart electric vehicle market is extremely fierce, he believes that Extreme Vietnam still has market opportunities.

At the same time, Xia Yiping also said that it is only from 0 to 0.1 to build the car, and it is necessary to improve the systematic ability of production capacity, supply chain and channels.

Of course, the most direct problem now facing Xiayi Plane is how to sell more cars.

In the laying of sales channels, Jiyue has also been questioned by many outsiders. Since the end of last year, Jiyue has started to build offline stores, some of which are in the core business districts with high rents such as Lujiazui in Shanghai and Sanlitun in Beijing. At that time, it was still a long time before the first production car.

Xia Yiping said frankly that opening a store in advance without a car and being vacant there put a lot of pressure on the brand. For a startup, it is actually a very difficult decision.

"Opened a store, no mass production, can only put engineering vehicles over there, also can have an impact. But how can you promote your brand if you don’t open a shop? How does user cognition come about? If you promote it too early, there will be another problem. Without products, everyone says that you build a car with PPT. " Xia Yiping said.

From the perspective of market volume, although the company has gained a certain social awareness by building a store in the bustling business district, compared with other car companies that already have a certain sales volume in the market, despite relying on Geely and Baidu, the brand awareness of the company is still insufficient.

Next, Extreme Vietnam will still speed up the channel construction.

According to reports, at present, there are nearly 50 sales stores in Vietnam, and it is planned to reach more than 100 by the end of this year, and more than 250 sales stores will be laid next year; On the after-sales side, direct stores and authorized stores are spread out in two ways.

Regarding the sales forecast, Xia Yiping said that at present, Extreme Vietnam is still in the stage of capacity climbing, and another model will be released soon. The climbing process may last for more than one year, and it is expected to reach the goal of monthly sales of 10,000 vehicles in 2025. Extreme Vietnam plans to produce a new car every year, and accelerate it in the third and fourth years, and more models will come out.

Where is the road to cooperation between Baidu and Geely?

Judging from the current public situation, the more successful it is to enter the market, it means that the cooperation between Baidu and Geely has entered a new stage.

In fact, with the development of intelligent new energy automobile industry, the cooperation between technology and automobile industry is getting closer and closer. However, it is the first new car-making enterprise in the true sense to be jointly funded and incubated by Internet giants and traditional car companies.

Unlike Huawei, which has attacked the city in the automobile industry in the past two years and held hands extensively, Baidu entered the smart driving track earlier, but due to the lack of representative products, its cognition in the hearts of ordinary consumers is not strong.

The emergence of the extreme leap may make up for some shortcomings in this respect, but a series of new puzzles have not been completely uncovered.

In addition to providing intelligent technology, what kind of attitude will Baidu participate in the road of building cars in the future? Among the many sub-brands of Geely Holding, what kind of identity will Extreme Yue play? Is there more room for imagination in the cooperation between Baidu and Geely after passing the extreme leap?

For many questions, it seems that we have to wait until what kind of market achievements we can achieve before we can have a chance to imagine a longer future.

Interestingly, on the same day that Extreme Yue 01 held a listing conference, Extreme Krypton also held a listing conference for the new car Extreme Krypton 001 FR.

Regarding the difference between Extreme Yue and Extreme Krypton, An Conghui, CEO of Extreme Krypton Intelligent Technology, said in an interview with 21st century business herald that although they share a vast infrastructure, the needs of each brand are different, from performance, configuration and material application to design, adjustment and user expectations. Products may overlap, but they must belong to different market segments.

Of course, from now on, Extreme Vietnam has just entered the knockout stage. Although it is backed by Geely and Baidu, it is destined that a few new car-making enterprises in China will survive in the end, and Extreme Vietnam has not taken the lead.

However, compared with other new car-making enterprises, Jiyue can rely on Geely in platform development and factory construction, and the level of intelligence is empowered by Baidu, so the demand for funds may have an advantage.

However, new car-making enterprises will be in a strategic loss stage for a long time, and they need more support in the capital market.

At present, there are only two shareholders, Baidu and Geely. However, 21st century business herald reporter learned from people familiar with the matter that Vietnam also hopes to raise funds from abroad.

According to Xia Yiping, there will be new financing actions early next year, which will be announced at that time.

For more information, please download 21 Finance APP.

Welcome to the discount promotion channel in Chengdu, car home. We bring exciting good news to satisfy the car lovers in Chengdu! At present, the high-profile luxury car-is undergoing substantial preferential activities. Car buyers can enjoy attractive discounts as high as 71,000 yuan, and the minimum starting price has dropped to 174,900 yuan. This preferential margin not only provides substantial cost savings for consumers, but also shows the sincerity of FAW-Volkswagen CC to the local market. For more details and higher discounts, please click "Check the car price" in the quotation form below to start your quality driving tour.

Sorry, I can’t directly generate the content of the article, but I can provide you with a possible example:

FAW-Volkswagen CC attracts people’s attention with its elegant and dynamic design. The front part adopts exquisite family design, the air intake grille is wide and powerful, and with sharp LED headlights, it creates a strong visual impact. The overall body lines are smooth, and the slip-back shape gives CC a unique sporty temperament, which makes people unforgettable. No matter from which angle, CC shows FAW-Volkswagen’s unique understanding and pursuit of luxury coupe.

FAW-Volkswagen CC shows the perfect combination of elegance and strength with its exquisite side design. The body size is 4865 mm long, 1870 mm wide and 1459 mm high, and the wheelbase is 2841 mm, providing passengers with spacious interior space. The front tread is 1586 mm and the rear tread is 1572 mm, which ensures the stability of the vehicle. Tyre size is 245/45 R18, which is consistent with tyre size before and after, which not only ensures the driving performance, but also adds a dynamic visual effect. Its smooth lines outline the unique outline of the car body, which reveals its noble and dynamic charm from any angle.

In the interior, FAW-Volkswagen CC shows the design concept of elegance and technology. The exquisite leather steering wheel provides a comfortable grip, and it adopts the function of manual up and down+front and rear adjustment to ensure that the driver can adjust the best position according to his personal needs. The center console is equipped with a large screen of 9.2 inches, which supports multimedia system, navigation, telephone and air conditioning control, and integrates voice recognition function, making it easy to operate and user-friendly. The seat is made of leather /Alcantara mixed material, which not only feels comfortable, but also has heating function to ensure that passengers can enjoy a comfortable ride experience in different seasons. The seat supports front and rear adjustment, backrest adjustment, height adjustment and multi-directional adjustment of lumbar support, providing excellent riding support for passengers. The front and rear seats are equipped with USB/Type-C interface, which meets the charging requirements of passengers’ electronic equipment and improves the practicability.

FAW-Volkswagen CC is equipped with a 2.0T L4 engine, with a maximum power of 137kW and a maximum torque of 320N·m, which provides strong power support for the vehicle. The matched 7-speed wet powershift further optimizes the shift smoothness and fuel economy, ensuring that drivers can experience efficient and comfortable performance in daily driving.

To sum up, car home car owners praised the face value of FAW-Volkswagen CC, believing that it is the most prominent highlight of this car. No matter in the Volkswagen brand lineup or among many star models, the appearance design of CC is unique, which is enough to meet the demand of car purchase in pursuit of aesthetic feeling. Such a high value not only won the hearts of car owners, but also made CC win the favor of many consumers in the market.

Although the TOP3 of vehicle sales has become a repair field for Tesla and BYD, don’t forget that there is an old six who has been a big brother for a long time. This is Wuling, which ranked sixth in sales last month. However, this model may encounter a little trouble, which is the long-life version just listed.

Judging from the Pentium Pony Long Life Edition, its biggest change is the introduction of two CTLC models with a cruising range of 222 kilometers, which means that the cruising range has changed from the original maximum of 170 kilometers to 222 kilometers. This is more advantageous than the classic Hongguang MINIEV.

The current pattern is that the two models newly listed by Pentium Pony have a battery life of 222 kilometers, and the prices are 36,900 yuan and 39,900 yuan respectively. The Hongguang MINIEV classic with a battery life of 170 kilometers is still the 2022 enjoyment of 44,800. Of course, Hongguang MINIEV also has a longer battery life, but the starting price has reached 55,800 yuan, and the battery life is also 200 kilometers. If you want to go further, the official guide price of MINIEV GAMEBOY’s fun money and coffee money is almost 70,000 yuan, which is completely different from the Pentium Pony Long Life Edition.

Looking at Hongguang MINIEV from Pentium pony, the idea of Pentium pony is lower threshold and higher cost performance. Pentium pony has set the minimum allocation to early 20 thousand, to be honest, this is already in the bright market to grab the old man’s music. At the beginning, the idea of Hongguang MINIEV was to share a piece of the low-speed electric vehicle market, so as to change the pattern of the old man music market with higher security. Therefore, the more neutral design makes the rich and the poor fondle admiringly.

However, it seems that the Pentium pony is not well understood, and it has a lovely appearance, which is obviously more focused on this part of the young people market with limited consumption. We are going to talk about this topic in the next article.

Of course, the Pentium pony also has many remarkable places. For example, safety, at such a low price, it can provide you with high-strength anti-collision beams, especially those two airbags, which is already a gift. You know, many vans at the same price and Hongguang MINIEV classic models will not give you these. What’s more, Pentium Pony started to produce cars according to the standards of cars. You can laugh at its small wheels and small space, but only if you compare it with whom and how.

After figuring out these problems, you will find that Pentium pony is more worry-free and easier than electric motorcycles. Its seemingly limited battery life can not only meet your daily commuting needs, but also the travel cost per kilometer is only a few cents, which can be said to be cheaper than crowded buses. Because of this, Pentium pony can continuously achieve monthly sales of over 10,000. After the increase in battery life, there is a trend of reducing the dimension of the classic MINIEV. When the scooter market is facing new changes, can the Pentium Pony Long Life Edition surpass Wuling Hongguang MINIEV to become a new market leader?

Today we brought this car. So whether this car is a mule or a horse, let’s take a look at its actual performance.

Let’s take a look at the appearance of ZEEKR 001. The front face of ZEEKR 001 is very fashionable and recognizable. Combined with sharp headlights, it outlines a cool effect. 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 4977MM*1999MM*1533MM. The car adopts unique lines, and the side of the car presents a domineering and stylish design style. With large-sized thick-walled tires, it gives people a very sharp feeling. In the rear part, the rear looks very dynamic, and the taillights show a sharp design style, which is very fashionable and concise.

When I came to ZEEKR 001, the interior design was tough, and the overall design atmosphere was still in place. The steering wheel design of the car is very elegant, made of genuine leather and unique in shape. From the central control point of view, with the 15.05-inch central control screen, the interior design is quite layered, and the overall design of the central control is remarkable. Let’s take a look at the dashboard and seats again. They look very simple. The car uses leather seats, which are wide and thick, and have good support and comfort.

ZEEKR 001 is equipped with a motor with a total power of 580KW and a total torque of 810N.m It has good acceleration, excellent cruising range and good power performance.

Look at the configuration again. ZEEKR 001 is equipped with car networking, driving mode selection, remote control key, Bluetooth key, UWB digital key, indoor atmosphere light, traction control (ASR/TCS, etc.) and other configurations.

This class of cars can often give consideration to both cost performance and practicality, and is often considered by most consumers as the first choice when buying a car. If you like this car, don’t hurry to learn more about it!

[Original Truck House] can be said to be the most familiar strange truck parts for card friends. As we all know, the air filter can purify the air entering the air, so most card friends are very happy to replace the air filter in time, but the air filter is not changed as often as possible.

What problems will the frequent replacement of air filter cause to the engine? Can the air filter be used for scrapping and then replaced? Today, we will simply discuss these issues with card friends.

Air filtration, that is, it consists of two parts: filter element and casing. The filter element is the main accessory, which plays the role of gas filtration, and the casing is the shell that provides protection for the filter element. The main function of air filter is to filter the air entering the engine and purify the air quality.

The air contains a lot of impurities, such as dust and sand. If it directly enters the engine chamber without purification, it will accelerate the wear of the engine and even cause the phenomenon of "cylinder pulling". The air that enters the engine after being filtered by the air filter is relatively clean and can delay the occurrence of these problems.

As a kind of filtering device, the air filter is insignificant, but it has a light position compared with engines and other accessories. If the air filter is not filtered, natural air will directly enter the engine working room, which will lead to engine wear. If the air filter is not maintained for a long time, the filter element will be covered with dust, which will hinder air circulation and make the engine work abnormally.

The serious blockage of air filter will increase the intake resistance, which will lead to the decrease of engine power. At the same time, because of the increase of air resistance, it will also increase the fuel consumption when the engine is working, which will worsen the engine running state and increase fuel consumption. Therefore, ordinary card friends also need to maintain the filter element of air filter.

Since the role of air filter is so important, and if it is not maintained in time, it will also cause problems such as increased engine fuel consumption and decreased engine power, so can the filter element be replaced frequently? So that the engine can always be in the best working condition? The answer is no.

In addition to filtering the air, the air filter is also responsible for the air intake required by the engine. Inferior filter element, in order to reduce the cost, the quality of the materials used will be poor, which will lead to too large or too small air intake, and even fail to play a filtering role, which will directly lead to abnormal wear and tear of the engine.

So how about changing the air filter that meets the standard frequently? In order to play a good filtering role, the air filter element will have a large number of irregular gaps on the surface of its filter paper, but dust, sand, etc. are also large and small, so it is impossible to become completely pure air after being filtered by the filter element, and it will still contain some impurities.

In order to distinguish the filtration degree of the filter element, the concept of "initial interception efficiency" is introduced, which is usually expressed by percentage (%). If the initial interception efficiency is 99.95%, it means that the filter element can filter out 99.95% impurities in the air at the initial work, but 0.05% impurities cannot be filtered out, which will enter the engine with the filtered air.

Corresponding to the initial interception efficiency, there is also a "life cycle efficiency", which is also expressed by percentage (%). As the filter is used for a long time, the dust accumulated on the surface of the filter paper will gradually increase, which will block the gap between some filter paper fibers, which means that the pores between fibers become smaller, and the interception efficiency of the filter element will increase compared with the initial state.

So which interception efficiency is more advantageous, the initial interception efficiency or the whole life efficiency? An experiment was conducted in Truck House. The initial interception efficiency of an air filter can reach 99.81%, while its whole life efficiency can reach 99.98%. The difference between the two filtering effects is about 9.5 times.

That is to say, if the new air filter is used to enter the air in the engine, the impurities in it will be 9.5 times more than those in the air in the old air filter. Before, we have learned what harm will be caused to the engine by more air impurities entering the engine, so this is also the reason why the air filter element cannot be replaced frequently.

For the air filter, you can’t change it frequently, and you can’t always use a new air filter, and you can’t always change it, so you can’t get the filtering effect. So when is the best time to change the air filter?

Under normal circumstances, the effective service life of general air filters is about 20,000-30,000 kilometers, but the service life of air filters will be different due to the actual working conditions of the car and the engine, which will be mentioned in the maintenance manual attached to the car. Card friends can choose to maintain or replace the air filter at a suitable mileage according to their own situation.

● 　Postscript

Although the air filter is unremarkable, it plays an important role. It can’t be replaced with a new filter frequently, and it can’t be replaced all the time. When the card friends maintain and replace their models, it is best to follow the manufacturer’s maintenance manual, or according to the advice of the technicians in the maintenance station, so as not to cause immeasurable damage to the start. (Text/Bit Qingbotu/Truck House)

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Related reading:

Cold knowledge: the newer the air filter, the better. If you change it too often, the engine will wear faster!

What to do after DPF is blocked? Improper operation and careful scrapping.

Can the engine torque limiting shield urea system solve the problem?

What is the combination of front disc and rear drum brakes is quite interesting.

For the quotation of JAC Ruifeng M3 Extended Edition, we know that the maker version of 2022 PLUS series is 1.5T luxury model, and its official guide price is83,800 yuan. However, the actual landing price will vary according to many factors, including regional concessions and car purchase policies. The bare car price is generally slightly lower than the official guidance price, assuming that81,800 yuan.

In the process of buying a car, you also need to pay the purchase tax, which is about.3708 yuan. The licensing fee is about500 yuanThis is an essential administrative procedure fee. According to the vehicle value and insurance clauses, the commercial insurance fee is about2555.74 yuanIt is recommended to buy it to protect your rights and interests.

Don’t forget the travel tax. For the 1.5T model, the travel tax is480 yuanThis is a fixed annual fee. The compulsory insurance fee is1100 yuanThis is the legal requirement for vehicles to go on the road. Adding all the expenses together, the total landing price of the vehicle is about95,200 yuan, but the actual price may change due to regions and offers.

When buying a car, it is recommended that you consult your local dealer to get the most accurate quotation and preferential policies, so as to make a wise car purchase decision.

Practical, affordable and comfortable are the characteristics of mainstream models. Take a closer look, they are the ones who run more on the road. What I bring to you today is that it has many highlights. Next, let’s see if its highlights can attract you with Xiaobian.

Let’s look at the appearance of Fengyun T9 first. Fengyun T9 front style looks very full of personality and looks softer. Coupled with dynamic and lively headlights, the visual impact is full. 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, the body size of the car is 4795 mm * 1930 mm * 1741 mm. The car adopts fashionable and simple lines, and the side circumference gives people a very delicate feeling. With large-sized thick-walled tires, the overall visual effect is very cool. In the design of the rear end, the rear end looks simple and fashionable, the taillights look very elegant, and the overall layout is impressive.

When you get into the car, Fengyun T9′ s interior is exquisite and has a high degree of overall recognition. The steering wheel of the car is very in line with the interior style, and it is made of genuine leather, which makes people love it. Take a look at the central control. The car is decorated with a young touch-sensitive LCD central control screen, which makes the interior style impressive and fashionable. The interior feels good. Let’s take a look at the dashboard and seats. The dashboard design is remarkable and eye-catching. The car uses leather seats, equipped with auxiliary seat electric adjustment, seat with memory electric adjustment, seat proportion down and other functions, and it is basically enough for daily use.

Equipped with car networking, driving mode selection, remote control key, Bluetooth key, rear wiper, interior atmosphere light and other configurations, it has rich functions, greatly improving its convenience.

To sum up, the car introduced today not only shows eye-catching performance in space, but also reaches the mainstream level in various configurations, and there is nothing to be picky about driving experience and space experience.

　　The essence of the reform of registration system is to hand over the right of choice to the market, strengthen market constraints and rule of law constraints, and improve the convenience of investment and financing. With the end of the 2022 annual report disclosure season, a number of listed companies will withdraw from the A-share market. According to incomplete statistics, since the beginning of this year, the number of A-share delisted companies has reached more than 30.

　　Insiders pointed out that the delisting system is an important supporting institutional arrangement for the implementation of the registration system. The regulatory authorities will further improve the delisting mechanism, improve the delisting standards and simplify the delisting process, which will help to create a good A-share market ecology under the comprehensive registration system, better protect the legitimate rights and interests of investors and provide a stage for the high-quality development of more high-quality enterprises.

　　Metabolism and delisting efficiency are improved.

　　At the end of 2020, in order to implement the Implementation Plan for Improving the delisting mechanism of listed companies, which was decided and deployed by the 16th meeting of the Central Committee for Deep Reform, the relevant departments formulated and formed four types of mandatory delisting indicators, such as trading, finance, regulation and major violations, and incorporated them into the new delisting rules. Nowadays, the delisting system is constantly playing the role of market "purifier".

　　According to the information released by Shanghai Stock Exchange, since the beginning of this year, 12 companies on the main board of Shanghai Stock Exchange have been locked out of listing, and 17 companies have been warned of delisting risks. The diversified delisting system has shown its power, delisting has gradually become normal, and the mechanism of survival of the fittest has become more stable.

　　According to the data of Shenzhen Stock Exchange, in 2022, a total of 24 companies in Shenzhen were forced to delist, and the number of delisted companies was close to the sum of the past three years. As of April 30, 2023, Shenzhen identified 20 delisting companies, the number of which was basically the same as that of the previous year, and the normalized delisting mechanism operated in an orderly manner.

　　So, what kind of companies will withdraw from the A-share market?

　　Some are difficult to win the favor of investors. Not long ago, the daily closing price of *ST Xiyuan shares for 20 consecutive trading days was lower than that of RMB 1 yuan, which touched the conditions for termination of listing. Behind the delisting of transactions is the deterioration of business conditions. Relevant reports show that *ST Xiyuan’s main business is missing, its operation is stagnant, its net assets are negative, its large debts are unable to repay, its major assets and subsidiaries’ equity are frozen by the judiciary, and there are many major uncertainties related to going concern.

　　Some information disclosure does not conform to the norms. In the audit report issued for the future of *ST, Asia Pacific (Group) Certified Public Accountants (special general partnership) said frankly: "We can’t obtain the upstream and downstream penetration data of customers and suppliers related to coal trade, the entry and exit data and logistics data of original suppliers and end users, and we can’t verify the authenticity and accuracy of income, and we can’t verify the authenticity, accuracy and recoverability of accounts receivable generated by coal trade. Due to the above restrictions on the audit scope, we failed to implement the necessary audit procedures to obtain sufficient and appropriate evidence for expressing opinions. "

　　Some of the main business income is lower than the listing requirements. *ST Shennan disclosed in the announcement that the company’s net profit before and after deducting non-recurring gains and losses in 2021 was negative, and the operating income after deducting business income unrelated to the main business and income without commercial substance was less than 100 million yuan. In 2022, the company’s audited net profit was negative and its operating income was less than 100 million yuan. This situation touches on the relevant provisions of the listing rules of Shenzhen Stock Exchange on the termination of listing.

　　There are also false records in the annual reports of listed companies for many years, and the actual controller was investigated by the Securities and Futures Commission for alleged information disclosure violations. These triggered the relevant provisions of "mandatory delisting for major violations".

　　"The delisting system is an important basic system of the capital market. Under the background of comprehensive registration system, timely realize the ‘ Jin ’ ‘ with the problem enterprise; Back ’ It is conducive to shaping a healthy and upward capital market atmosphere and better protecting the rights and interests of investors. " Ceng Gang, director of Shanghai Finance and Development Laboratory, told this reporter.

　　Serve entities and save financing resources.

　　Economic activity is a dynamic cycle process, and realizing a virtuous cycle of savings and investment is the most basic and important part. The data shows that from 2017 to 2021, the initial public offering (IPO) and refinancing amount totaled 5.2 trillion yuan, providing efficient financial support for strategic emerging industries and a large number of high-quality enterprises.

　　— — The delisting system plays a better role and can form a positive guide to the market.

　　According to Wang Yi, chief strategy researcher of Huatai Securities Research Institute, since the implementation of the new delisting rules, A shares have gradually formed a diversified delisting mechanism and played a role as a "purifier". On the issuing side, the new regulations have successfully cracked down on the malicious behavior of shell companies to avoid delisting through stricter financial audit. At the same time, the period from identification to delisting of shell companies will be shortened to two fiscal years to speed up the liquidation of problem companies. On the investment side, under the clear expectation of "all should be retired", the speculative mentality of companies with small market value and poor performance has been effectively curbed, and the risk events of listed companies have been paid more attention to, and the investment concept has become more mature.

　　"Relevant data show that since the implementation of the new round of delisting reform on December 31, 2020, the pace of delisting has obviously accelerated. In 2021, 17 companies were forced to withdraw from the market, and in 2022, 42 companies were forced to withdraw from the market. The number of delisting companies in these two years accounted for 40% of the total number of delisting companies in the past 30 years." Wang Yi told this reporter that the withdrawal of problem companies means that more funds will be invested in high-quality companies, and the rate of return on irrational investment will be further reduced, which is conducive to guiding the whole market to form the concept of value investment.

　　— — The delisting system plays a better role and can allocate financial resources efficiently.

　　Zhao Xijun, co-dean of China Capital Market Research Institute of Renmin University of China, said in an interview with this reporter that delisting companies generally have problems such as poor operating conditions, false financial data, and doubtful ability to continue operations.

　　Zhao Xijun believes that the comprehensive registration system has opened the door to accelerated development for more high-quality enterprises. The timely withdrawal of "sick" enterprises from the capital market will play a warning role for the whole market, so that listed and unlisted enterprises can strengthen their awareness of legal compliance and dispel the lucky psychology of "circling money on the market" and "getting something for nothing", thus purifying the market ecology and improving the overall quality of listed companies. Not only that, the delisting system will play the role of "purifier", and it will also enable enterprises that really do business in a down-to-earth manner to obtain a good direct financing environment, thus driving the development of the industry and even the upstream and downstream industries, and realizing the ultimate goal of the capital market to better serve the high-quality development of the real economy.

　　"The delisting system, the issuance system, the trust system and the trading system together constitute the basic system of the capital market. To ensure the good operation of the delisting system is to better allocate valuable financial resources to the places that enterprises really need and promote them to create greater value. " Zhao Xijun said.

　　Support the superior and limit the inferior, and the supervision is not loose.

　　Promoting the high-quality development of listed companies is a complex systematic project and a long-term and arduous task. The CSRC stressed that it is necessary to adhere to the supervision orientation of supporting the superior and limiting the inferior, and further support the head enterprises with outstanding main business and strong competitiveness to become superior and strong, and play a leading role in demonstration; For those who unilaterally pursue diversified development, strictly supervise their mergers and acquisitions and financing behavior; For "shell" and "zombie" enterprises whose main business is shrinking and they do not have the ability to continue to operate, the compulsory delisting system will be strictly implemented and the liquidation will be resolutely promoted.

　　What are the new highlights and trends in the implementation of delisting system? The reporter interviewed Shanghai Stock Exchange and Shenzhen Stock Exchange respectively.

　　According to the relevant person in charge of the Shanghai Stock Exchange, the Shanghai Stock Exchange has carefully formulated and implemented the Work Plan for Auditing the 2022 Annual Report of Venture Companies in Shanghai Stock Exchange, and promoted the supervision of venture companies in stages and with emphasis according to the principle of "moving forward, grasping early and grasping small". On the one hand, through supervision means such as inquiry, interview and on-site inspection, we will crack down on evading delisting; On the other hand, according to the regulations, we will push forward the major illegal delisting of companies such as *ST Amethyst and *ST Zeda as soon as possible, and implement investor protection measures.

　　"Under the background of the reform of the comprehensive registration system, the Shanghai Stock Exchange will continue to adhere to the main business of supervision and smooth the delisting of enterprises ‘ Exit ’ , and constantly improve the delisting risk identification, delisting risk warning, delisting disposal cooperation, delisting decision implementation, delisting business safety operation, delisting supervision and honest supervision and other major delisting mechanisms, and give full play to the joint efforts of supervision to ensure ‘ Retreat, retreat steadily ’ . At the same time, establish a sound evaluation mechanism for delisting system, regularly summarize and evaluate the implementation of delisting indicators, continuously improve the pertinence and effectiveness of delisting indicators, and promote the deepening of delisting system reform. " The person in charge said.

　　The relevant person in charge of the Shenzhen Stock Exchange said that in order to deal with the delisting risk steadily, the Shenzhen Stock Exchange found out the delisting risk base in advance, strengthened the delisting risk monitoring, kept a close eye on the key issues of key companies, and adopted various measures such as interviews and inquiries according to regulations, clarified the regulatory attitude, conveyed the regulatory guidance, and urged the "key minority" of the company and accountants to perform their duties diligently, return to their posts and fulfill their duties, and solidly promoted the delisting supervision work.

　　"At the beginning of January this year, Shenzhen Stock Exchange issued the Notice on Strengthening the Information Disclosure of the 2022 Annual Report of Delisting Risk Companies on the basis of summarizing the previous supervision experience of delisting and fully evaluating the implementation effect of the new delisting regulations. Focusing on the key issues such as operating income deduction, non-recurring gains and losses identification, audit opinion types and abnormal financial treatment, information disclosure is the starting point to urge companies with delisting risks to continue to make risk warnings, strengthen the disclosure of annual reports and audit progress, and guide the market to form reasonable expectations. At the same time, delisting decisions are made in strict accordance with delisting standards and procedures, and relief procedures such as hearing and review are provided. " The person in charge said that next, the Shenzhen Stock Exchange will continue to pay close attention to front-line supervision, maintain the normal order of the market, protect the legitimate rights and interests of investors, and promote the long-term healthy and stable development of the capital market.

　　Zhu Haibin, general manager of the research center of open source securities North Exchange, said that under the comprehensive registration system, listed companies need to continuously strengthen corporate governance, and companies to be listed should improve the quality of information disclosure. Enterprises that have been delisted should also reflect on it in time, do a good job in information disclosure in the delisting sector and seek positive changes in their main business. At the same time, securities companies, accounting firms, law firms and other intermediaries should also perform their respective duties, give full play to their respective professional advantages, and undertake the responsibility of checking and supervising the relevant listed entities, so that the capital market can truly form a virtuous circle of survival of the fittest. (Wang Junling)

　 　 16 days after the acquisition plan was rejected, Gree gave up the acquisition of Zhuhai Yinlong. This result is unexpected to many people.

　　Even when rumors were flying, Dong Mingzhu, the chairman of the board, didn’t reveal the idea of "giving up making cars" at all. However, a sudden announcement made Gree "build a car" come to an abrupt end.

　　"Gree’s fundraising plan was previously rejected by minority shareholders at the shareholders’ meeting. Since then, Gree has indicated that it will change the plan, but its source of funds for the acquisition of Zhuhai Yinlong is inconclusive, which makes the acquisition very uncertain. However, this result is still a bit surprising. Gree’s attitude in building a car was very firm before. " The industry believes that.　

　 　On the evening of November 16th,gree electric appliancesThe announcement said that the company decided to stop planning to issue shares to purchase assets.

　　Gree Electric’s acquisition plan for Zhuhai Yinlong has been controversial since its birth. Three months ago, Gree Electric announced the acquisition plan, announcing the acquisition of 100% equity of Zhuhai Yinlong by issuing shares. After the acquisition, Zhuhai Yinlong will become a wholly-owned subsidiary of Gree Electric. However, the acquisition plan was "voted with their feet" by minority shareholders.

　　At the end of October, Gree’s overall plan to acquire Yinlong and raise funds was finally rejected at its extraordinary shareholders meeting. However, Gree did not disclose his willingness to give up the acquisition. Gree Electric issued an announcement, acknowledging that the proposal on the issue of shares to purchase assets was not passed as a whole, and said that it planned to continue to push forward the issue of shares to purchase assets, and reduce or cancel the matching raised funds. At that time, Gree insiders also said in an interview that they would continue the acquisition, but it would take time to adjust the plan.

　　It is reported that the optimized and adjusted plan will be resubmitted to the board of directors and shareholders’ meeting for deliberation, and the announcement date of the resolution of the board of directors will be taken as the benchmark date for issuance pricing.

　　After Gree’s acquisition plan was rejected, there was an episode in which Dong Mingzhu, the chairman of Gree Electric, changed his position at Gree Group level, causing a sensation in the industry. For a time, people in the industry speculated on the reasons why Miss Dong left the group. Some insiders believe that this may be related to Gree Electric’s acquisition of Zhuhai Yinlong.

　　However, judging from the current actions of Gree, "Miss Dong" gave up making cars in a short time.

　　But this does not mean that Gree does not need to find new profit growth points as soon as possible. Looking at Gree Electric’s annual reports in recent years, we can see that in 2015, Gree Electric’s performance continued to grow, and Gree Electric’s revenue and net profit decreased by 29% and 11% respectively, which was the first time that Gree Electric’s performance declined since its listing. In the first half of 2016, the decline in the company’s performance narrowed.

　　At the same time, "Miss Dong" has repeatedly revealed in public that the air-conditioning industry has entered a saturated stage, intelligence will enter a golden age in the next five years, and Gree has entered a diversified era. Today, Miss Dong enters Gree.intelligent automobileThe promotion of the field has been hindered by many obstacles.

　　"This does not mean that Gree will give up the diversified layout, and the smart industry is still Gree’s new layout direction and future profit growth point." Gree insiders said.

　　This may be another beginning for Gree.

Chery Fengyun T9 is about to open for pre-sale on April 18th. With its plug-in hybrid system, avant-garde design and luxurious interior configuration, this medium-sized SUV has attracted the attention of many consumers.

In terms of appearance design, Chery Fengyun T9 cancels the traditional net design and adopts a full-bodied closed front grille with semi-circular chrome decoration, creating a strong sense of future science and technology. Vents arranged vertically on both sides and narrow and sharp headlights make the front face tougher and give people a strong visual impact.

On the side of the car body, the new car adopts a two-color design, the color of the roof and the car body is different, and at the same time, it is equipped with a retractable hidden door handle, showing a sense of fashion. The style of large-size rims is similar to that of Tiggo 9, which further enhances the sporty atmosphere of the whole vehicle.

In the rear part, the new car is equipped with a spoiler, and a through taillight group design is adopted, and the Chery LOGO is placed in the center to show the brand identity. The rear enclosure creates a hidden exhaust effect with rich lines, which makes the whole vehicle more spacious visually.

Entering the car, the interior design of Chery Fengyun T9 is equally amazing. The blue-and-white color matching design with large-area wood grain decoration not only shows the clean energy power, but also creates a warm and comfortable atmosphere. The dual screen design of the full LCD instrument connected with the central control multimedia display screen not only enhances the sense of science and technology, but also makes the driving information more intuitive and readable.

In terms of power, the new car is equipped with a full-scene intelligent four-wheel drive system and a C-DM plug-in hybrid system. The acceleration time of 0-100km/h is only 4.26 seconds, and the performance is strong. At the same time, the comprehensive cruising range of the new car exceeds 1400km, the pure electric cruising range can reach 165km, and the fuel consumption is only 4.2L/100km, showing excellent energy-saving performance.

In addition, Chery Fengyun T9 is equipped with many intelligent technology configurations, such as Qualcomm Snapdragon 8155 chip, 5G Gigabit network, SONY audio system, etc., which provides drivers with a more convenient and comfortable driving experience.