The reporter of the Economic Information Daily was informed that many departments are intensively planning a package of measures to prevent financial risks in key areas and improve the financial supervision system. The New Deal involves systemically important banks, shadow banks, financial holding companies and other fields. In addition, in view of the new challenges brought by financial technology innovation, we will constantly improve the supervision methods, innovate the supervision methods for financial technology giants, and prevent risks and monopoly in promoting development.

　　Experts said that the current targeted financial risk remediation actions have been normalized, and further filling the shortcomings from the policy and system level will effectively strengthen the authority, effectiveness and stability of financial supervision and provide stronger institutional guarantee for financial risk prevention.

　　Local risks still exist.

　　This year is the end of the tough battle to prevent and resolve major financial risks. For some time, with the advancement of various work, financial risks have changed from divergent to convergent.

　　Liu Fushou, chief lawyer of China Banking and Insurance Regulatory Commission, said recently that China has made substantial progress in the tough battle to prevent and resolve major risks. The blind expansion of financial assets has been fundamentally reversed, the risk of shadow banking has continued to converge, and the scale has dropped by about 20 trillion yuan compared with the historical peak. The disposal of non-performing assets has made great strides. From the beginning of 2017 to the end of September this year, the non-performing assets disposed by the banking industry exceeded the sum of the previous eight years.

　　Internet financial risks have also dropped sharply. The actual number of P2P online lending institutions in China has gradually dropped from about 5,000 in the peak period to zero in mid-November this year. The debt risks of large and medium-sized enterprises have been resolved in an orderly manner, and the momentum of real estate financialization and bubble has been curbed. The hidden debt risk of local governments has been initially controlled.

　　Although the overall situation of financial risks is stable, financial supervision is also facing many new and severe challenges. "Risks within the financial system are still accumulating, and some long-term hidden dangers have not been completely eliminated. Under the impact of the epidemic, new and old problems are intertwined and superimposed. High-risk shadow banks with complex structures are prone to resurgence. The rebound pressure of non-performing assets in the banking industry has suddenly increased. The capital gap of some small and medium-sized financial institutions has been accelerated. The debt level of enterprises, residents and local governments has further risen. Illegal financial institutions still exist, and illegal financial activities have been repeatedly banned. " Guo Shuqing, chairman of China Banking and Insurance Regulatory Commission, recently wrote.

　　Guo Shuqing pointed out that there are many shortcomings in the current financial related system, and the financial rule of law is still far from perfect. Some basic laws need to be formulated and revised in advance, and some rules and regulations need to be implemented and deformed. The existing laws and regulations are not powerful enough, and the cost of violating laws and regulations is too low. Some laws and regulations are not professional enough. The normalized risk disposal mechanism of financial institutions needs to be improved. The trading activities in the informal financial system lack effective constraints.

　　A package of short-board policies is on the way.

　　The reporter was informed that in order to continue to effectively prevent and resolve major financial risks, a package of regulatory short-board policies is brewing.

　　Among them, the evaluation method of systemically important banks will be officially implemented on January 1 next year. In the next step, the central bank will work with China Banking and Insurance Regulatory Commission to formulate additional regulatory requirements for systemically important banks, including additional capital, leverage ratio, large risk exposure, corporate governance, recovery and disposal plan, information disclosure and data submission, etc. It will also establish an early correction mechanism to promote systemically important banks to reduce complexity and systemic risks, establish and improve the inherent capital restraint mechanism, improve the ability of banks to resist risks and absorb losses, improve their self-help ability, and prevent risks that are too big to fail.

　　For financial holding companies, following the Trial Measures for the Supervision and Management of Financial Holding Companies, the regulatory authorities will improve the institutional framework and formulate more specific operational rules for the supervision of financial holding companies, such as consolidated management, capital management and related party transaction management.

　　"This method is mainly aimed at financial holding companies formed by non-financial enterprises holding financial business, and formulating relevant management regulations on systemically important banks for large groups formed by the development of financial enterprises will better complement the regulatory framework of the entire financial group." Yin Zhentao, deputy director of the Law and Finance Research Office of the Institute of Finance of the Chinese Academy of Social Sciences, said.

　　For high-risk shadow banks, the regulatory authorities will improve the regulatory system to ensure full coverage of supervision, leaving no regulatory gaps and blind spots; Unify the regulatory standards of similar institutions and products, and reduce the arbitrage of idle funds; Improve the risk classification, risk weight, capital provision and other standards of shadow banking.

　　Yin Zhentao said that the risk of shadow banking is mainly the complexity of business, and the risk of financial control companies is mainly large-scale and highly related. Strengthening supervision in these areas is an important measure to fill the shortcomings of financial supervision and prevent systemic financial risks.

　　Innovating supervision means to adapt to new challenges

　　It is worth noting that while financial supervision is speeding up to fill the shortcomings of the system, the means of supervision will continue to innovate and keep pace with the times to adapt to the new problems and challenges brought about by financial innovation.

　　Wen Bin, chief researcher of Minsheng Bank, said that as China’s economy enters the stage of high-quality development, the financing structure will also change, especially the rapid development of technology and finance, which will bring more challenges to supervision. According to market changes, the regulatory authorities need to improve the regulatory means in time to prevent unstable factors brought about by excessive innovation.

　　Lu Shuchun, secretary-general of China Internet Finance Association, said that in order to conform to the development trend of financial and technological integration, the application of financial technological innovation supervision tools should be further deepened, and more financial technological innovations in inclusive finance, green finance and science and technology finance should be included in the test scope. At the same time, we should vigorously develop regulatory technology, speed up the improvement of financial technology innovation risk monitoring procedures, and comprehensively use big data, artificial intelligence and other technologies to continuously enhance digital regulatory technology means, so that financial management departments can always understand, penetrate, control and manage financial technology innovation well.

　　In view of the supervision of financial technology innovation, new supervision means are accelerating exploration. At present, the "supervision sandbox" pilot project of financial technology has covered nine pilot areas, including Beijing, Shanghai, Chongqing, Shenzhen, xiong’an new area, Hangzhou, Suzhou, Guangzhou and Chengdu, aiming at creating a supervision tool for financial technology innovation that conforms to China’s national conditions and is in line with international standards, and standardizing and guiding the healthy and orderly development of financial technology.

　　Guo Shuqing also said that for financial technology giants, on the basis of grasping the principle of inclusiveness and prudence, special innovative regulatory measures will be adopted to prevent risks and monopoly in promoting development. He also pointed out that the use of regulatory technology will be strengthened and legislation on comprehensive statistics and information standardization in the financial industry will be accelerated. Pay close attention to the construction of a big data platform for supervision and make every effort to promote the informationization and intelligent transformation of supervision work.

The most cost-effective reward exchange method of the original Shenchen singing pot is to exchange resin first, followed by the essence of holy relics, then the experience book and Mora.

The most cost-effective reward exchange strategy for the original Shenchen singing pot

First, the most cost-effective reward exchange method of the original Shenchen singing pot is to give priority to resin exchange, followed by the essence of sacred relics, then the experience book and Mora.

Second, the original magic dust singing pot reward cost-effective calculation method

1. Reward redemption is refreshed once a week, and according to the redemption value obtained online in advance, a total of 12,000 treasure money is needed in one week.

5040 is far less than 12000. It is not enough to redeem all the weekly rewards, so we need to plan the redemption of the required items.

2. Calculate the ratio of each item to the standard value.

(Because each item needs different treasure money, the treasure money will be unified in the end, and 30 treasure money will be taken as 1)

(1) resin, 1200 treasure money, in exchange for 60 pieces, which is equivalent to the standard value. 3. Take 30 treasure money as 1.1200 treasure money and 40.

Standard value 3÷40=0.075 (cost performance)

(2) experience book, 120 treasure money (4 30), 20000 experience.

If the minimum experience cost is 110,000, the cost performance ratio is 2÷11÷4=0.0454545… …

If the maximum value is 135,000, the cost performance ratio is 2÷13.5÷4=0.0373737… …

③ Mora, 120 treasure money, 10,000 mora and 60,000 flowers are fixed, so the price-performance ratio of Mora is 1÷6÷4=0.04166666… …

(4) Essence/ointment, which are equivalent. The former has 360 treasures and 10,000 relics experience, while the latter has 90 treasures and 2,500 relics experience.

The cost performance ratio is 10000 ÷ 13860 ÷ 12+2525 ÷ 60000 ÷ 12 & asymp; 0.063632004569504569

Conclusion: According to the above calculation, the cost performance (in exchange for priority):

Resin > essential oil/ointment > experience ≈ Mora

Conclusion:

As you can see, the income of resin is greater than the other three (Mora, experience, relic experience), and it is the first priority to exchange, and it will not lose money.

Then, if you need dog food and don’t want liver, of course, the relic experience (essence/ointment) is better than the other two.

　　(Reporter Huang Hongtao) Under the epidemic situation, the "house economy" is popular, and the prefabricated dishes that can be eaten simply by heating are on fire. While bringing convenience to people, the problems of cutting corners, stale ingredients and bad taste in the processing of prefabricated vegetables can not be ignored. The Consumer Protection Committee of Jiangsu Province recently released the Survey Report on the Consumption of Prefabricated Dishes (hereinafter referred to as the Report), which shows that consumers generally report that the quality of prefabricated dishes is uneven, the taste is not good, the labeling information is incomplete, and there are many problems in logistics distribution and delivery.

　　According to the data of Sky Eye Survey, in recent years, the number of registered enterprises related to prefabricated vegetables has gradually increased. At present, there are more than 68,000 pre-cooked food-related enterprises in China. Among them, nearly 58% of enterprises were established within 5 years. There are also many problems behind the fiery pre-cooked dishes.

　　According to the data of Jiangsu Consumer Network’s public opinion monitoring system, from January 1 to February 10, there were 56,948 public opinions about the pre-made dishes of New Year’s Eve in Jiangsu Province. The problems mainly focused on the quality and price of the dishes, and consumers complained that the dishes were stale, oily, short of weight and expensive. Suspected of false propaganda, the actual goods purchased by some consumers do not match the promotional contents such as business pictures and web pages; The problem of goods transportation, the pre-made dishes ordered by consumers for New Year’s Eve are not delivered, or the goods are received after New Year’s Eve; After-sales problems, merchants cancel orders without consent, and consumers’ requests for refund or compensation for losses are blocked.

　　According to the "Report", consumers are most concerned about food safety, accounting for nearly 30%. At the same time, they are also concerned about whether the price of prefabricated dishes is reasonable, the cost and difficulty of making after purchase, and whether the variety of dishes is complete. The survey results show that many consumers said that they encountered quality problems when buying prefabricated dishes, which were mainly reflected in the deterioration and corruption of dishes, stale ingredients, foreign bodies in prefabricated dishes, and expired phenomena.

　　When asked whether the taste of the dishes reached the expectation, more than 60% of consumers said that the taste of the pre-made dishes was average. Most consumers encounter the problem of unclear labeling information when buying prefabricated dishes, focusing on the unclear information such as the name of the dish, the main ingredients, the weight of the dish, the production date or shelf life, and the price. In terms of the types of prepared dishes, the strongest demand of consumers is to enrich the types of set meals. In addition, the problems encountered by some consumers in the process of picking up goods are mainly slow delivery by merchants or slow logistics distribution.

　　In this regard, Jiangsu Consumer Protection Committee suggested that the prefabricated vegetable industry should ensure food safety and formulate a set of special food safety standards to enhance consumer satisfaction; Standardize product identification in detail to protect consumers’ right to know; Ensure commodity transportation conditions and improve distribution efficiency; Subdivide the variety of dishes to improve the taste and flavor of prefabricated dishes; Multi-party governance, strengthen the supervision and management of prefabricated vegetable market.

　　In addition, Jiangsu Consumer Protection Committee reminds consumers that when enjoying the convenience brought by prefabricated dishes, they should choose the products of regular brands and merchants, pay attention to product labels, make an appointment in time for delivery, and pay attention to inspection when receiving goods.

All relevant units:

　　"Shenzhen demolition and reconstruction of urban renewal units old houses and villages range identification method" has been approved by the municipal government, is hereby issued, please follow.

　　shenzhen city planning and land resources committee

　　February 9, 2018

Measures of Shenzhen Municipality on Determining the Scope of Old Houses and Villages in Urban Renewal Units for Demolition and Reconstruction

　　the first　 In order to promote the urban renewal in our city and further standardize the identification standards and procedures of the old houses and villages, these measures are formulated in accordance with the Decision of Shenzhen Municipal People’s Government on Implementing the Reform of Urban Renewal (Order No.288 of Shenzhen Municipal People’s Government) and the Interim Measures on Strengthening and Improving the Implementation of Urban Renewal (No.38 [2016] of Shenfu Office).

　　the second　 The term "old house village" as mentioned in these Measures refers to Futian, Luohu, Nanshan and Yantian four districts before the implementation of the Interim Provisions on Rural Urbanization in Shenzhen Special Economic Zone, and Baoan, Longgang, Longhua, Pingshan, Guangming and Dapeng six districts (including new districts) before the implementation of the Interim Measures for Planning and Land Management in Baoan and Longgang District of Shenzhen (hereinafter referred to as the Provisions or the Measures).

　　Article　 Buildings (structures) and public service facilities that meet one of the following circumstances can be included in the scope of old houses and villages:

　　(1) Old (ancestral) houses that have been built before the implementation of the Regulations or the Measures (including cases where the wall foundation still exists due to collapse or abandonment due to disrepair and other reasons).

　　(2) The old (ancestral) houses that were built before the implementation of the Regulations or the Measures were rebuilt, added, rebuilt and expanded before June 2, 2009, which did not involve the expansion of the building basement, and the total construction area after reconstruction, addition, reconstruction and expansion did not exceed 480 square meters.

　　(3) Public services such as education (kindergartens, nurseries, village primary schools, etc.), medical and health care (health centers, public toilets, etc.), transportation (village roads, streets, hutongs, etc.), folk activities (auditorium, ancestral temple, etc.), administration and community services (village committees, farmers’ markets, etc.) that have been built before the implementation of the Regulations or Measures.

　　(4) The total amount of public spaces and other scattered land that have been built before the implementation of the Regulations or Measures shall not exceed 10% of the total land area of the old house village and the total area shall not be greater than 3,000 square meters.

　　(5) Private houses that have been built before the implementation of the Regulations or the Measures, and have been handled with real estate licenses in accordance with the provisions of the Shenzhen Special Economic Zone on Handling Illegal Private Houses Left over from History.

　　Article 4　 Buildings (structures) and public service facilities under any of the following circumstances shall not be included in the scope of old houses and villages:

　　(1) Factory buildings and other production and business premises.

　　(2) The old (ancestral) houses built before the implementation of the Regulations or the Measures, which have been rebuilt, added, rebuilt or expanded after the implementation, have a building area of more than 480 square meters, and have been rebuilt, added, rebuilt or expanded after June 2, 2009.

　　(three) the public service facilities that have been built before the implementation of the Regulations or Measures are no longer used for public service functions, and are rebuilt, added, rebuilt or expanded after June 2, 2009.

　　(four) after the implementation of the "Regulations" or "Measures", the newly built private houses and various public service facilities on the open space.

　　(5) Except for the circumstances specified in Item 5 of Article 3 of these Measures, the state-owned land and its overground buildings (structures) that have been sold and incorporated into the state-owned land reserve, and the state-owned land whose land and overground buildings (structures) have been transferred and compensated in Luohu, Futian, Nanshan and Yantian districts, and the six districts of Baoan, Longgang, Longhua, Pingshan, Guangming and Dapeng (including new districts) have been completed.

　　Article 5　 The boundary of the old village can be determined in accordance with the following principles, combined with the actual construction, topography and other conditions:

　　(a) the old (ancestral) houses, public service facilities and other buildings (structures) can determine the boundaries of walls, courtyards, ground baselines, cadastral survey boundary lines, and the median distance from surrounding buildings.

　　(two) public space can be defined by roads, rivers, slopes, ditches, fences, buildings and other sideline lines.

　　Article 6　 The identification of the scope of the old house village shall be carried out in accordance with the following procedures:

　　(a) before the declaration of the urban renewal unit plan, the former rural collective economic organization’s successor unit put forward an application for preliminary verification of the scope of the old houses and villages to the urban renewal institution in the district where it is located, and the urban renewal institution in the district issued preliminary verification opinions; After being included in the urban renewal unit plan, the original rural collective economic organization’s successor unit or its entrusted plan declaration entity (hereinafter referred to as the applicant) shall apply to the urban renewal institution in the district where it is located for the identification of the old house village scope. The applicant shall submit the following materials when submitting an application for preliminary verification and identification of the scope of old houses and villages to the urban renewal institution in the district where it is located:

　　1. A written application from the successor unit (joint-stock cooperative company) of the former rural collective economic organization. The application should explain the old house village’s area, completion time, usage, resident population, property registration of relevant private houses, and whether there are private houses built after the implementation of the Regulations or Measures.

　　2 according to the provisions of the production of the old house village scope submitted to the plan. The submitted map should be made on the actual topographic map, and the location, scope, area and coordinates of the old house village should be marked with relevant electronic documents.

　　The "Regulations" or "Measures" have been built before the implementation, and the old (ancestral) houses that have been rebuilt, added, rebuilt and expanded after the implementation are to be included in the scope of the old houses and villages, and a report on the current situation of the buildings should be provided. Surveying and mapping report on the current situation of buildings is provided by units with surveying and mapping qualifications.

　　The specific scope of old houses and villages should be put forward on the basis of surveying and mapping results provided by units with surveying and mapping qualifications entrusted by the municipal planning and land department before the implementation of the Regulations or Measures. Before the implementation of the "Regulations" or "Measures", there are no such surveying and mapping achievements, and the scope can be proposed with reference to the earliest surveying and mapping achievements after the implementation of the "Regulations" or "Measures". Among them, in accordance with the "Provisions of Shenzhen Special Economic Zone on Handling Illegal Private Houses Left over from History" and other regulations, the private houses that have handled the real estate license must be included in the scope of old houses and villages. If the completion date has been indicated on the real estate license, the real estate license shall prevail. If the completion date is not indicated on the real estate license, the surveying and mapping results shall prevail.

　　3. The written opinions of the street office on the scope of old houses and villages for drawing approval.

　　4 other materials required by the district urban renewal agency.

　　(II) The urban renewal agency of the district shall verify whether the planning (including purple line planning), land requisition and transfer, approval of construction land issuance, transfer of land use right and registration of property rights and related surveying and mapping results meet the requirements within the scope of the old house village, preliminarily identify the scope of the old house village, solicit written opinions from the cultural relics protection department of the district and organize publicity after processing. Publicity should be eye-catching, including but not limited to the site of the old house village, the street office where the old house village is located, and the website of the district renewal agency. The publicity time is not less than 7 days.

　　(three) the district urban renewal institutions shall deal with the opinions collected during the publicity period, identify the scope of the old houses and issue the scope map of the old houses.

　　Article 7　 The scope map of the old house village shall be made on the actual topographic map and marked with the following contents: name (scope map of the old house village), number, scope area of the old house village, scope coordinates, date of issuance, issuing authority, etc.

　　There are immovable cultural relics, municipal roads above the planned urban branch road (including the urban branch road), public service supporting facilities above the district level and basic ecological control lines within the old house village, which shall be marked.

　　The scope map of the old house village should also explain its use and effectiveness: "This scope map is only used to identify the scope of the old house village in the urban renewal unit of demolition and reconstruction. If the scope of the old house village is not updated, this scope map will not be used as the basis for identifying the ownership of land and buildings and will not affect the implementation of urban planning."

　　Article 8　 The provider of the old village scope identification materials shall ensure the authenticity of the relevant materials, and shall bear legal responsibility for the consequences caused by providing false materials according to law.

　　Relevant competent departments and their staff in the old house village scope identification work in violation of laws and regulations, shall be given administrative sanctions or accountability; Suspected of a crime, transferred to judicial organs for handling according to law.

　　Article 9　 These Measures shall come into force as of the date of promulgation, and shall be valid for 5 years. The Measures for Determining the Scope of Old Houses in Urban Renewal Units in Baoan District, Longgang District, Guangming New District and Pingshan New District of Shenzhen (for Trial Implementation) (Shen Gui Tu [2010] No.439) shall be abolished at the same time.

Some time ago, I drove the car Geely Xingrui. Today, I took the time to talk about the use of this car.

It has been some time since Geely Xingrui went public, during which I also attended a launch conference of Geely Xingrui Space-Time Edition. I didn’t have a chance to test drive because it was just a listing conference.

However, as the old saying goes, "A good meal is not afraid of being late." After half a year, I still got on this car.

---

I believe that people who often pay attention to cars should be familiar with this car, so let’s go straight to the point and talk about some of my driving feelings about it.

Of course, if there are some friends who don’t know about this car, don’t worry. Later, when I talk about driving, I will also talk about other aspects of this car.

The first is power. Geely Xingrui is the only car with a 2.0T engine at the same level and price. This engine can produce 190Ps and 300N·m in generate. This power output is relatively large at the same level. For example, the horsepower output of the well-known Civic 1.5T engine is 182Ps.

So what exactly does Xingrui drive? Let’s just say that it can definitely enter the top three in terms of acceleration, and the somatosensory feeling should be within 8 seconds. But if you say how fast this acceleration is, it won’t be, just that it is a fast car in the same class. Then daily driving is definitely enough, and there is no pressure to overtake in parallel.

The matching of engine and transformer is well done, there is no sense of frustration at low speed, and the shift smoothness is ok. Driving slowly every day, the gearbox is still very obedient.

Next, let’s talk about its space. I sit in the back row with my height and weight. In fact, I don’t feel how spacious the back row space of Xingrui is. Compared with other models in the same class, it is almost the same level, such as LaVida, Sagitar, Bora, Corolla, Sylphy and so on.

The luxury of the interior design is better than the above models, and the size of the central control panel, the color matching of the center console and the skin materials are also better than the above models.

However, the shape of its gear handle does not match the overall interior style, and a simple yacht gear handle stands abruptly on the center console. Switching to a button-type or knob-type shifting mechanism should improve the look and feel.

In terms of sound insulation, the engine roar will be more obvious at medium and high speeds. However, this is normal, and even joint-venture B-class cars at the same price will also have this phenomenon. The isolation of tire noise and wind noise is good, and the engine vibration control is also very good.

The chassis has a certain texture. After some ups and downs, the road surface has a good vibration filtering effect, and the vibration transmitted to the steering wheel is also very small. Under the condition of slow driving, the advanced feeling is still satisfied.

Finally, let’s talk about energy consumption. This 2.0T engine needs to be filled with No.95 gasoline. The total fuel consumption level is basically no advantage at the same level and price. The comprehensive fuel consumption of NEDC is 6.7L/100KM.

In terms of selling price, the price range of Geely Xingrui is 11.37-15.27 million, which is almost consistent with the mainstream joint venture brand A-class cars, such as the common Corolla, Sylphy and LaVida. By looking at its sales volume, it is found that Geely Xingrui can sell tens of thousands of units a month, which shows that the launch of this car is successful and it is not afraid of the status of the joint venture brand.

---

As the saying goes, "No second in martial arts and no first in literature", at the test drive site, the activist also arranged a competing car for Xing Ruian, which is sagitar from the Volkswagen brand.

Driving two cars back and forth on the same route, sagitar has advantages in shifting speed and fuel consumption compared with Xingrui, especially in the case of fuel consumption. When sagitar speed is more than 30 kilometers per hour, the gearbox has risen to the fourth gear, which is not only fast but also very positive.

However, it may be due to the low basic displacement. When the sagitar is at a low speed (about 1350 rpm), the engine jitter will be transmitted to the steering wheel and seat, so the comfort and advanced feeling are relatively poor. The guess is that the factory engineer deliberately calibrated it in order to save more fuel.

However, for users who buy this car, this little bit of jitter has little effect on them. After all, fuel saving is king, especially in the current high oil price environment.

Sagitar has advantages in the above two aspects, but it is not as good as Xingrui in other aspects, such as advanced driving sense, advanced interior sense, steering feel and so on.

---

Achuan pingche

To tell the truth, I still drive a few mainstream or non-mainstream A-class cars in China, so I can’t figure out how competitive Geely Xingrui is. But from the two cars I have tested, Geely Xingrui is superior to Sagitar in many aspects.

But if you ask me to make a choice between these two cars, I will choose sagitar. The reason is very simple. I will buy a car of this grade in terms of its durability, fuel economy, brand and space. And sagitar can satisfy me in these aspects, especially the fact that leather is durable (of course, the early sagitar is not counted, and interested friends can search for "broken shaft door"). As a car that needs to be used frequently, reliability is more important than everything.

However, for friends who are not very sensitive to fuel consumption and have requirements on vehicle configuration, design and power, then Geely Xingrui is a good choice. (Text/Power)

[Autohome Shanghai Promotions Channel] brings you the latest car market trends. Toyota, which has attracted much attention, is currently conducting an unprecedented promotion in Shanghai. Car buyers can enjoy a cash discount of up to 50,000 yuan, which further reduces the starting price of the already competitive Asian Dragon model. The starting price is only 138,800 yuan. This undoubtedly provides consumers in Shanghai with an excellent car purchase opportunity. To seize this wave of discounts, click "Check Car Price" in the quotation form to get more favorable car purchase conditions.

As a mid-to-high-end sedan, the Asian Dragon’s exterior design shows the perfect combination of elegance and power. The front face design uses a large chrome-plated air intake grille, which contrasts with the sharp LED headlight set, showing a strong visual impact. The body lines are smooth, and the overall style is biased towards the balance of sports and business, outlining a stable and dynamic silhouette, showing the style of a luxury car.

The side lines of the Asian Dragon are smooth and elegant, and the body size is 4990mm*1850mm*1450mm, showing a slender body ratio. The wheelbase reaches 2870mm, which makes the interior space spacious, and the front and rear wheels are 1595mm and 1605mm respectively, providing a solid foundation for the stability of the vehicle. The tire size is 215/55 R17, and the selected rim design not only takes into account the practical performance, but also adds a bit of sporty atmosphere, adding a sense of movement and power to the overall appearance.

The interior design of the Asian Dragon is refined and practical, with a minimalist style as the leading factor, creating a spacious and comfortable driving environment. The steering wheel is made of high-quality plastic material, which is not top leather, but feels comfortable and easy to hold. The steering wheel supports manual up and down + front and rear adjustment, ensuring that the driver can easily adjust to the best position as needed. The center console is equipped with a 10.25-inch large-size touch screen, which is clear and easy to read and operates smoothly. It integrates multimedia and navigation functions, providing the driver with a convenient and intelligent experience.

In terms of seats, the Asian Dragon is made of fabric for both comfort and durability. The main seat supports front and rear adjustment, backrest adjustment and high and low adjustment (2 directions) to meet the needs of different drivers. The front and rear rows are each equipped with USB/Type-C interfaces, which is convenient for passengers to charge and data transmission, enhancing the convenience of daily use. The overall interior design is designed to provide a space that combines practicality and texture for drivers and passengers.

For the Asian Dragon series, it is equipped with a 2.0L four-cylinder engine, which has a maximum power of 127 kilowatts and a maximum torque of 206 Nm. It uses a CVT continuously variable transmission and provides an analog 10-gear shift option, providing the driver with a smooth and efficient driving experience.

Summarizing the evaluation of the owner, the exterior design of the Asian Dragon is undoubtedly an important factor in his choice. The white and silver body colors not only add to the elegance of the vehicle, but also make people feel the style of a successful person. Its atmospheric front face and slender side lines not only balance the sense of movement but also maintain stability, adding a suitable aura to the business occasion. Therefore, whether it is appearance or internal quality, the Asian Dragon has won the high recognition of the owner and become a classic in his eyes.

　　From November 8th to 11th, the 2023 China International Commercial Vehicle Show (CCVS) opened at the Wuhan International Expo Center. Jiangling Lexing New Energy brought three new masterpieces, Jiangling Lexing E Road, Jiangling Ford E Quanshun, and Jiangling Avenue EV. The three star models on display at Jiangling Lexing New Energy showed the "all-round" style with leading quality. At the exhibition of the advanced "wind vane" of the commercial vehicle industry, it reflected Jiangling Lexing New Energy’s profound thinking of advancing with the times and leading the electrification and intelligence of the commercial vehicle industry.

　　At this new theme exhibition, Jiangling Lexing New Energy also conveyed a new brand "voice". With the automotive industry entering the "new four modernizations" fast lane, the electrification and intelligent products of the commercial vehicle segment are becoming more and more popular, the application scenarios are increasing, and the new era of commercial vehicles is coming. In the face of changes, Jiangling Lexing New Energy has opened the exploration of "all scenarios".

　　On the road to renewal, Jiangling Lehang New Energy inherits the ingenuity and quality of Jiangling Automobile, focuses on electrification and intelligent transformation, focuses on safe, stable and reliable product upgrades, and establishes a people-friendly brand awareness of "high quality and medium price". The product aspect of the whole scene covers all categories of light passenger, light truck and pickup truck, taking into account the full route of pure electricity, extended range, hydrogen fuel and hybrid, and creates a full-stack digital management system such as driverless and intelligent network connection. In terms of service, it focuses on the whole life cycle experience of users, so that customers can have good luck with goods; the ecological construction of the whole scene will join hands with dealers, logistics and freight platform leaders to create green transportation ecological "Moments", lead the new ecology of green city distribution logistics, and create efficient transportation capacity together.

　　At the exhibition site, Jiangling Lexing E-Luda vividly interpreted the era of green city logistics, and the active side of the new pure electric light truck in the rich urban distribution scene of fresh food, catering, community, warehousing, etc. This car is equipped with four core technologies such as the world’s first mid-mounted integrated battery pack, Bosch high-torque flat-wire motor, low-loss SiC silicon carbide motor controller, and EHB electronic hydraulic braking system, which refreshes a number of performance standards of pure electric light trucks in power, energy saving, battery life, braking, etc., and truly helps customers "good freight, good luck, and good luck". In multiple logistics scenarios, Jiangling Lexing E-Road’s express logistics version, fruit and vegetable distribution version, building materials furniture version, super refrigerated version and other models also give users more exclusive customization choices. Different categories such as box goods, railings, warehouses, single and double rows are suitable for various sub-conditions such as green pass, city distribution, warehousing, etc., which can be called "green city distribution logistics full scene expert".

　　In addition to pure electric light trucks, the Jiangling Ford E Quanshun, which appeared on the spot, is also outstanding. Under the wave of changes in the passenger transportation market, Jiangling Ford E Quanshun has become a "full-scene intelligent light passenger". It is not only the first light passenger in the industry with an actual battery life greater than 300km, but also has leading industry standards of green energy saving, safety and reliability, etc., providing more comprehensive travel solutions for rich scenarios such as tourist passenger transportation, logistics and freight transportation, and business reception. Adequate power supply also brings the advantages of task-based modifications such as police and medical use to meet the needs of more user scenarios.

　　In the pickup category that is increasingly "favored" in the commercial vehicle field, Jiangling Lexing New Energy has not been absent. The exclusive Jiangling Avenue EV that appeared at the exhibition this time allows the industry to witness its innovative strength. Jiangling Avenue EV is equipped with the world’s first power domain-controlled battery pack, with a maximum operating condition of 500km and a maximum speed of over 140km/h, leading the same class, so that users are not afraid of battery life anxiety. Jiangling Avenue EV with dual-use characteristics for commercial and passenger use is not only suitable for task-oriented customers such as power and municipal government, but also can satisfy passenger customers who pursue green travel, and the whole vehicle has high redundancy modification adaptability, which can create personalized models for specific scenarios.

　　Talking about products, Wu Xiaojun, vice president of Jiangling Automobile joint stock company and CEO of Jiangling Lexing New Energy, revealed that Jiangling Lexing New Energy will firmly follow the road of new energy transformation, he pointed out: "In the next two years, Jiangling Lexing will successively launch more than 10 new energy commercial vehicle products, fully covering logistics freight, commuter passenger transportation, task modification and other full scene needs."

　　With the advancement of the national "double carbon" goal and the surging tide of digitalization and intelligence, urban distribution logistics and even the entire transportation market are advancing in a green direction. Through the innovation of ecological models, the industry has been stimulated with infinite vitality for efficient development. Jiangling Lehang New Energy accelerates innovation with the attitude of "a good life full scene expert", which is undoubtedly the guardian of user value, the inheritance of craftsman spirit, and a strong practice of industry change and even social environment development. In the future, Jiangling Lehang New Energy will continue to rejuvenate its brand, lead the high-quality development of the industry, and give users a good life in all scenarios.

GAC Honda Accord (ACCORD) sold 14,443 units in June, an increase of 97.3% from the previous month, of which the tenth-generation Accord (ACCORD) sold 13,241 units.

At the "ACCORD NIGHT Accord Night" event on April 16, the tenth-generation Accord (ACCORD) SPORT TURBO announced that the price is 169,800 to 229,800 yuan, which is divided into 260TURBO and 230TURBO high and low power versions with a total of 6 models. June was the first full sales month of the tenth-generation Accord (ACCORD). With the gradual release of production capacity, sales exceeded 10,000 vehicles.

The 10th generation Accord (ACCORD) is equipped with Honda’s newly developed second-generation SPORT TURBO turbocharged engine, achieving a minimum economic fuel consumption of 6.0L/100km. In addition, the 10th generation Accord (ACCORD) is also equipped with a number of highly praised technology configurations, including Honda SENSING intelligent driver assistance system, Honda CONNECT intelligent guide interconnection, ANC active noise reduction technology, MVC 360 ° panoramic imaging system, etc.

The 10th generation Accord (ACCORD) SPORT TURBO

Honda’s newly developed second-generation 1.5L turbocharged engine

It is reported that as of the end of June, the sales of the 10th-generation ACCORD 260TURBO version accounted for 80%. In order to allow more people to enjoy the joy of picking up the car as soon as possible, GAC Honda has made every effort to lay out its production capacity and ensure the supply of vehicles. At the same time, GAC Honda’s national special stores also organized a very creative car delivery ceremony for the first batch of prospective owners of the 10th-generation ACCORD. "Accord fans" not only "like" the car, but also "like" the future happiness.

The 10th generation Accord (ACCORD) delivery ceremony in various places

Among the consumers who have received the keys of the 10th generation of Accord (ACCORD) one after another in various places, young car owners under the age of 35 account for 60%, which not only proves the attractiveness of the 10th generation of Accord (ACCORD) to the new generation of consumers, but also verifies the success of the 10th generation of Accord (ACCORD) ‘s rejuvenation strategy. When Neymar won over young people around the world with amazing football skills, the 10th generation of Accord (ACCORD) was also well known to the global audience. Neymar is one of the brand ambassadors of the 10th generation of Accord (ACCORD), and the 10th generation of Accord (ACCORD) also always pays attention to his performance on the stadium. Call for Neymar’s wonderful performance with a series of posters, which arouses retweets, comments and likes from fans in the social circle.

　

The 10th generation of the Accord (ACCORD) series poster calls for Neymar

Sharp Hybrid is coming soon

2018 Beijing Auto Show 10th Generation Accord (ACCORD) Sharp Hybrid China Debut

Since the launch of the 10th generation ACCORD SPORT TURBO, consumers have been eagerly anticipating the launch of the 10th generation ACCORD Rui · Hybrid. The 10th generation ACCORD Rui · Hybrid will be officially launched in the third quarter. It will be equipped with Honda’s third-generation i-MMD dual-motor hybrid system, which will form a perfect power matrix with the SPORT TURBO gasoline version.

On August 24, 2022, the "Windless Aerobic TAN Origin Traceability – 2022-2023 China Air Conditioning Industry Summit Forum" was held in Harbin under the guidance of China Household Appliances Association and sponsored by China Home Appliances Network.CC,Haier, Highly,Hisense, Kelon, Konka, Leader, Meibo,beautiful,Panasonic,TCLRepresentatives of mainstream household air-conditioning brands and core component manufacturers, as well as forumsexclusivechannel partnerJD.comHome appliances, data support agency GfK Zhongyikang, etc. gathered together to talk "double carbon"The innovative development and mission of the air-conditioning industry under the goal."

High temperature "heating" air conditioner market

Although autumn has begun, many places in China are still under high temperature during the "end" stage of the "dog days".How to cool the body and the heart? The air conditioner is obviouslymostA good choice. Therefore, in the "roasting" mode, refrigeration appliances represented by air conditioners ushered in a high-temperature "hot period" in July and August. According to GfK Zhongyikang monitoring data, the retail sales and retail sales of air conditioners in the online market in July increased by 41.6% and 44.6% year-on-year respectively. Entering August, the retail sales and retail sales of air conditioners in the online market in the past two weeks increased by 76.0% and 79.4% year-on-year respectively; the offline market volume and volume also achieved a year-on-year growth of over 20%. Such asbeautiful,HaierOaks,Hisense, Kelon,TCL,PanasonicMany air-conditioning companies, such as Meibo, Changhong, and Konka, have reported to China State Grid that during the peak air-conditioning season in the past two months, there are many high-temperature days and a wide range of coverage, and the sales of the company’s air-conditioning products have increased significantly compared with before. "The installation masters are running at full capacity," said the relevant person in charge of the air-conditioning company.

However, the staged bright performance of the air conditioner market is in sharp contrast to the cold industry in the first half of the year and even the entire 2022 cold year. According to GfK Zhongyikang data, in the first half of this year, the retail volume and retail sales of the household air conditioner market decreased by 20.1% and 14.1% respectively year-on-year; in the whole 2022 cold year, the retail volume and retail sales of the air conditioner market were 43.57 million units and 150.50 billion yuan, respectively, down 15.0% and 9.2% year-on-year. "The economic downturn and epidemic directly affect the income level of consumers, so the consumer confidence index decreased year-on-year." In the opinion of Peng Xiandong, general manager of GfK Zhongyikang’s large home appliance division, this directly affects consumers’ expectations for the home appliance market and the execution of purchasing power. The corresponding air conditioner is also affected and has declined significantly. In addition, air conditioners have further entered the existing market, with less new demand. Based on this, Peng Xiandong judged that the air conditioner industry will enter a low-speed era in the next two years, with incremental scarcity. The market core will shift from the pursuit of scale to the pursuit of quality.

Peng Xiandong, General Manager of GfK Zhongyikang Home Appliances Division

Wang Lei, secretary-general of the China Household Appliances Association, also believes that this is the result of multiple factors. Including the repeated regional epidemics across the country in the first half of the year, which put pressure on the industrial supply chain and had a negative impact on the demand for air conditioners; in addition, the real estate industry is also a factor strongly related to the demand for air conditioners; furthermore, the more important objective factor is that the popularity of household air conditioners has basically reached a high level. According to the National Bureau of Statistics, the number of air conditioners owned by 100 households in China reached 117.7 units by the end of 2020, of which 149.6 were owned by 100 households in cities and towns. " At present, the social stock of air conditioners in the country has reached 540 million units, and the stock update has become the main body of current and future market consumption demand. This has a direct and long-term impact on the size of the air conditioner market. "

Wang Lei, Secretary General of China Household Appliances Association

Seeking "new" kinetic energy under the stock

When the industry enters a new development stage dominated by "stock replacement", in terms of the external operating environment, as analyzed by Wei Lai, Chief Research Officer of Zijin Tianfeng Futures, raw material prices, which account for more than 85% of the cost of air conditioners, are getting rid of the traditional cyclical framework and reshaping into a new cycle, corresponding to the reshaping of the cyclical characteristics of air conditioners at both ends of cost and consumption. Under the characteristics of the new cycle, the market prospect of air conditioners is still broad, but it needs to seek new growth momentum inward.

So, where is the new way to break the growth? Perhaps, as described by Wang Lei and various air-conditioning companies – intelligently empowered, more energy-saving, comfortable, healthy, and high-end air conditioners will bring more enthusiasm and demand from consumers, and will also bring impetus to the technological progress and product innovation of the air-conditioning industry and industry. Recent consumer street research by China Home Appliance Network also shows that price is no longer the main factor in determining consumers to buy air conditioners. When considering "replacing" air conditioners, most consumers focus on products with more energy-saving, intelligent, comfortable, healthy and other functional characteristics. Such as fresh air conditioners, global windless air conditioners, washing air conditioners, sterilization health, self-cleaning air conditioners, sleep air conditioners, etc. are all their favorite products.

The change in consumer demand is reflected in the retail end, according to GfK Zhongyikang data, 2022 cold year, the new level of energy efficiency air conditioning sales in the online channel accounted for about 67.9%, the proportion of offline reached 78.7%; fresh air air conditioning online penetration rate of about 2.3%, an increase of 283%, offline penetration rate of about 6.7%, an increase of 59.5%. JD.com platform data also shows that in the first half of the year, the turnover of JD.com platform fresh air conditioners was 5.5 times that of the same period last year, and fresh air conditioners also showed characteristics higher than the broader market by 32%; during the "618" period, the turnover of JD.com platform fresh air conditioners increased by 460% year-on-year; JD.com home appliances "815" anniversary peak period of 28 hours, the turnover of fresh air conditioners increased by more than 4 times year-on-year. " The JD.com platform always takes consumer demand as the first starting point. "Zhang Yiming, marketing director of JD.com’s home appliance air conditioner business department, said that through active market research, JD.com home appliances and various air conditioner brands work closely together, with the same perspective. They all believe that the new air conditioner in the new product may be the next growth point of the industry." Combined with the trend of purification and health, the increase in fresh air volume will be more suitable for the needs of life scenes. "

At the enterprise level, it can be seen that more air-conditioning companies are also launching products with corresponding functions or even complex functions through technological innovation to meet the diverse, personalized and quality consumer needs of consumers. Taking Casarte air conditioners as an example, at the meeting, Yan Bo, general manager of Casarte air conditioners, introduced that due to the different air pain points faced by different climates and seasons, Casarte innovatively launched the luxury version of Yunding air conditioners. "The positioning of this product is’original ecological air maintenance expert ‘, hoping to achieve the maintenance of people, the maintenance of the environment, and the maintenance of high-end lifestyles through air conditioning. Overall, what we want to do is to pass on the high-end, comfort and wisdom of Casarte air conditioners to consumers."

Midea air conditioners are also working to increase the average price of the entire industry through air conditioner products that highlight health, comfort, and intelligence. Oaks, Hisense, TCL, Konka, Panasonic and other related air conditioning brands are focusing on the fresh air track, such as Oaks launched a four-season fresh air air conditioner that can change fresh oxygen in the whole house for 1 hour, Hisense launched a high-end air environment from six dimensions such as temperature, humidity, wind feeling, purification, etc. Brilliant C200, TCL launched a small blue wing II with a large fresh air volume of 60 cubic meters per hour without secondary wall punching holes, Konka launched a smart fresh air conditioner with dual-drive hybrid fresh air system, Panasonic Anchor Health and Smart launched a series of alcohol air, etc. They all meet consumers’ needs for a healthier and more comfortable home life experience through differentiated fresh air conditioners. Kelon Air Conditioning customizes more convenient, comfortable and healthy sleep solutions for users by creating smart sleep air scenes. In addition to home split machines, Meibo Air Conditioning has found sub-sectors such as wearable air conditioners and vehicle air conditioners to seek differentiation. Changhong Air Conditioning has built a healthy living atmosphere for consumers through the creation of a fresh environment with years of accumulation of dust-free technology.

As a company specializing in thermal management and environmental control, Invik has accumulated rich technical experience in the field of precision environmental control. Wang Xiangdong, general manager of Shenzhen Invik Health and Environment Technology Co., Ltd., believes that at present, "health" should be the main breakthrough in air conditioning innovation. In this regard, EBC Yingbao advocates "safe and healthy comfort is the real comfort", and advocates fundamentally solving the comfort problem of the air environment under the premise of safety and health, and is a one-machine solution to the air environment problem. "Our air environment machine adjusts or removes the temperature, humidity, cleanliness, various pollutants, microorganisms and other indicators of the air environment dynamically, harmoniously and synchronously through multi-dimensional phase control technology, and is committed to providing customers with a safe, healthy and comfortable air environment."

It can be seen that the product evaluation dimension based on factors such as energy conservation, health, and comfort is becoming the core driving force for the reform and upgrading of China’s air-conditioning supply side. Therefore, the three major product trends in the air conditioning industry in 2023 proposed at the summit forum, namely the "energy-saving" product trend represented by Midea Xuanyao 2-horse hanging machine, Oxmos Fresh Air Pro air conditioner, Kelong Sleeping Small Ear LZ air conditioner, and Meibo Xinxinpai intelligent AI voice air conditioner; the "comfort" product trend represented by Casarte connoisseur air conditioner system, COLMO TURING household central air conditioner, Hisense Bright series fresh air conditioner, Konka smart fresh air conditioner, and Commander BIGGER air curtain air conditioner; and the "health" product trend represented by Haier washing air cabinet hanging air conditioner, EBC Yingbao pure air environment machine, Panasonic alcohol air conditioner, and Changhong guest restaurant shared air conditioner, which has been highly recognized and affirmed by the guests and industry colleagues They all anticipate that these three major product trends will become a new engine for the growth of the air conditioning industry in the upcoming 2023 new cold year.

"Double carbon" engine drives green and high-quality development

In fact, whether it is the driving effect of extreme weather on air-conditioning consumption, or the pursuit of new energy conservation, health, and comfort at the enterprise level under the leadership of stock replacement, it can be made clear that changes in the environment, market changes, and demand are forcing air-conditioning enterprises to step up innovation and development, transformation and upgrading, and also put forward new and higher requirements for the high-quality development of the air-conditioning industry, that is, the air-conditioning industry and enterprises should be socially responsible and consumer-responsible enterprises and products.

According to the IEA report, the global energy-related CO2 emissions in 2018 were about 34.20 billion tons, of which the global energy consumption of air conditioners and fans accounted for about 3.8% of CO2 emissions. It is expected that by 2050, the energy demand for space cooling will increase more than threefold. There is no doubt that the green and low-carbon transformation of the air conditioning industry is imperative.

But objectively speaking, the green and low-carbon development of the air-conditioning industry still faces no small challenges. "For the refrigeration and air-conditioning industry, under the background trend of’dual carbon ‘, the biggest challenge is that the reduction of HFCs conventional refrigerants may bring corresponding quota problems, which may directly affect the operation of an enterprise." Li Tingxun, an associate professor at Sun Yat-sen University, believes that the future control of HFCs consumption, production or quota management may directly impact the development of the air-conditioning industry. So, how can the air-conditioning industry achieve carbon emission reduction? In Li Tingxun’s opinion, on the one hand, it is necessary to improve energy efficiency. At present, the energy efficiency of air-conditioners has increased by 15%, and it may increase by another 15% in the future by 2030. On the other hand, based on the carbon emissions directly caused by refrigerants, it is necessary to choose and develop more environmentally friendly refrigerant alternatives. In this regard, the only sure opportunity is that low GWP refrigerants will have a large application in the future. In addition, materials, production, transportation, warehousing and other links will also directly or indirectly lead to carbon emissions, so air-conditioning related companies also pay attention to the carbon emission reduction of the whole life cycle of air-conditioning products.

"Compared with other manufacturing industries, I personally think the energy saving and carbon reduction of the home appliance industry has advantages." Xie Nanan, director of the environmental and dual-carbon business department of the General Technology Inspection and Testing Group, analyzed that the reason is that the home appliance industry has implemented the trade-in policy more fully, and the improvement of energy efficiency of home appliances is to reduce energy consumption from the source. In addition, the intelligence of home appliances is a systematic improvement, which is to consider the improvement of energy efficiency from an overall perspective. In addition, there is still more room for expansion in the green and low-carbon transformation of the home appliance industry, such as the control role of the supply chain, energy consumption in the production process, energy structure adjustment, and non-carbon dioxide greenhouse gas emission reduction of refrigerants such as HFCs, which are worthy of attention and active promotion by home appliance companies such as air conditioners.

As Li Tingxun and Xie Nanan said, energy efficiency is only one part of low carbon, and to maximize carbon reduction, it is necessary to go through the whole life cycle of air-conditioning products. In this regard, more and more air-conditioning companies, including Midea, Haier, Oaks, and Hisense, have begun to focus on promoting green and low-carbon transformation at the manufacturing level or within the whole life cycle of air-conditioning products. Take Midea as an example. In 2021, Midea Group officially released a green strategy, focusing on six pillars: green design, green procurement, green manufacturing, green logistics, green recycling, and green services, to build a whole-process green industrial chain. " Among them, green design is the leader and traction of the entire green strategy. "Li Jinbo, director of the development center of Midea’s Air Conditioning Innovation Research Institute, said that in recent years, Midea’s air conditioners have accumulated rich technical and product innovation practices in green design. In terms of green technology, it has continued to lay out in environmental protection refrigerant technology, global ultra-high energy efficiency technology, new generation refrigeration technology, and cold storage and heat storage technology." Midea’s air conditioners will continue to expand the supply of green products through technological innovation, product innovation, and standard guidance, to meet the growing needs of users for a better life, and to promote the green and low-carbon transformation of the whole industry. "

Compressor companies, which are the core products of the upstream supply chain of air conditioners, are also actively promoting the green transformation of the industrial chain. For example, CMCC mentioned that building a green industrial chain and promoting the green design of parts and components, including miniaturization and low noise, are all future development directions of GMCC. Haili compressor also said that whether it is from environmentally friendly refrigerant substitution, energy efficiency improvement, including flattening and miniaturization, Haili compressor has always been serving the air conditioning industry and continues to move forward around the green and low-carbon development direction.

It is worth mentioning that at the meeting, Wang Lei and Lv Shenghua, editor-in-chief of China Home Appliances Network, led all the air-conditioning-related enterprises and industry guests to issue the "Green Energy-saving Air Conditioning Replacement Initiative" to the air-conditioning industry – actively responding to the national "double carbon" strategy and the 2022 National Home Appliance Consumption Season activities to promote the quality of green smart air conditioners, increase varieties, and create brands; industry organizations, upstream and downstream industries give full play to their respective advantages to promote a new round of "trade-in" and "home appliances to the countryside" work, promote the upgrade of air-conditioning consumption in an orderly manner, and continue to lead the trend of quality, greening, and intelligence of air-conditioning consumption. This move undoubtedly further sounded the clarion call for the green and low-carbon

Editor’s lead: In 2023, BYD continued to write the story of sales growth, but while sales were at a high level, BYD’s challenges began to emerge one by one. Since the second half of the year, its growth rate in the domestic market has obviously slowed down, and the continuous entry of mixed competing products has begun to impact BYD’s market position. The high-end camp represented by Tengshi brand is outside the MPV market and has not yet opened its voice in the mainstream market.

Sales rush and challenges emerge.

There is no doubt that BYD will continue to be the domestic new energy sales champion in 2023. In 2023, with its reputation and leading position in the new energy market, the price/performance ratio of the "Champion Edition" model under the price war, and the explosion of cars in the pure electric field, BYD once again hit a record high in terms of sales volume and performance. According to official data, in the first 11 months, BYD sold 2.683 million vehicles, a year-on-year increase of 64.29%.

At the same time, BYD’s third quarterly report shows that in the first three quarters of this year, BYD achieved revenue of 422.275 billion yuan, a year-on-year increase of 57.75%; The net profit of returning to the mother was 21.367 billion yuan, a year-on-year increase of 129.47%. According to brokerage analysis, BYD’s bicycle profit in the third quarter reached 11,000 yuan. Based on this data, BYD has also become the most powerful car company in the domestic market, surpassing SAIC.

The root cause of the big increase in performance is still the sales volume. BYD once said that "the new energy automobile industry continued its good growth momentum, and the company’s new energy automobile sales continued to hit a record high, ranking first in the global new energy automobile sales."

Horizontally, from the listing of BYD Qin PLUS DM-i 2023 Champion Edition on February 10th this year, it sounded the horn that BYD further eroded the market share of fuel vehicles. The banner of "the same price of oil and electricity" played by the champion version of Qin PLUS DM-i 2023 has become a major attraction for consumers of fuel vehicles, which has driven the sales of Qin PLUS DM-i to rise all the way, with the monthly sales reaching as high as 30,000+.

The A-class plug-in hybrid sedan sold from 99,800 yuan, with its outstanding cost performance, constantly stirred the price line of the joint venture A-class fuel sedan. At the same time, after the Qin PLUS DM-i 2023 champion version, BYD successively launched a series of champion models such as Song PLUS DM-i champion version, Song PRO champion version and seal champion version.

BYD’s core idea is to "increase distribution and reduce prices", and to speed up the market share of joint-venture fuel vehicles in the context of intensified price wars. In the first 11 months, the independent brand market led by BYD has reached 51.7%, while the market share of mainstream joint venture brands has dropped to 34.5%. BYD grabbed the biggest cake in the process of new energy encroaching on the fuel vehicle market, which laid the lower limit for BYD.

However, while BYD’s sales are going to a high level, from the perspective of dismantling its development trend, BYD’s challenges are becoming increasingly prominent. The slowdown in sales growth, the sniper of competing products and the high-end luxury market represented by Tengshi are all problems that BYD has exposed.

Surrounded by heroes, BYD

Compared with last year, BYD’s monthly sales volume is still growing substantially, which is beyond reproach. However, in the second half of 2023, BYD’s month-on-month growth rate slowed down significantly. Among them, in October and November, BYD’s month-on-month growth rate was less than 100, which reflected that BYD’s growth was also facing strong resistance. The core factor is that the hybrid field is being challenged. BYD, once a dominant company in the hybrid field, has gradually increased its competitors.

In fact, in 2023, BYD continued to move forward, and a considerable number of factors depended on the increment of new models. For example, BYD Seagull cut into the A0 pure electric car market with a class of 100,000 and became the dominant market segment. BYD Seagull was listed on April 26th this year, and it sold more than 40,000 vehicles for three consecutive months. The cumulative sales volume during the year was as high as 229,600 vehicles, which was the biggest increase of BYD during the year.

In the hybrid market, judging from the competitive situation of sub-models, the trend of independent brands besieging BYD has taken shape: BYD’s main three models, such as Qin, Song and Han, have been besieged by domestic car companies in different dimensions, and Song PLUS in the first half of the year faced competition from Xiaolong MAX, Yinhe L7 and Deep Blue S7; At present, the sales volume of Deep Blue S in July is stable at around 7,000 vehicles, while the steady monthly sales volume of Galaxy L7 is above 8,000 vehicles.

In the A-class plug-in sedan market where Qin PLUS DM-i is located, Yinhe L6, Qiyuan A05, Wuling Xingguang and other products have successively joined the battle. In the A-level hybrid market, the latest monthly sales volume of Yinhe L6 has climbed to the level of 5,000 vehicles. Qiyuan A05 and Wuling Starlight have just been listed, and their sales volume is also climbing.

BYD, which took the lead in the new energy market by relying on plug-in technology, once monopolized about 62% of the market share in the plug-in market (in 2022). Since the beginning of this year, with the landing of plug-in products corresponding to other independent brands, BYD’s share in the plug-in market has begun to shrink. From January to November this year, BYD sold 1.288 million plug-in vehicles in batches, accounting for 53% of the 2.394 million plug-in market.

On the whole, although other self-owned brands’ blended products have not yet risen to threaten BYD’s position, with the increasing investment of Great Wall, Chang ‘an, Geely and other car groups since 2023, consumers have been given a new choice different from BYD in the blended market. And as the most dynamic market segment in 2023, it is attracting more car companies to invest, including joint venture brands and other independent brands.

In the hybrid market, Chery, which has experienced rapid sales growth in the past two years, also voiced strongly, "The hybrid market without Chery Automobile is an incomplete hybrid market." Since 2023, the sales volume of Chery Group has reached 1.66 million, returning to the independent head camp. Yin Tongyue said that he would enter the top position in new energy in 2024, which may mean that the hybrid market will face more intense market competition next year.

Tengshi impacts SUV and is frustrated again.

In the new energy market in 2023, on the one hand, BYD continued to promote the growth of the mass market through price war, on the other hand, it laid out the high-end market and tapped the increment of the high-end market, including Tengshi, Equation Leopard and Wangwang, which all entered the new node of operation this year. Equation Leopard and Wangwang ushered in the first car listing, and Tengshi also opened an SUV track outside MPV, but Tengshi’s performance was not fully successful.

In the high-end market, BYD’s representative Tengshi has made great achievements in the MPV market. Tengshi D9, which was listed at the end of last year, has continued its high-light performance this year. The emergence of Tengshi D9 has broken the domestic MPV market pattern in one fell swoop. In the first November of this year, Tengshi D9 accumulated 108,000 vehicles in retail sales, surpassing Buick GL8′ s 107,000 vehicles. It is not an idiotic dream to win this year’s MPV market sales champion.

However, Tengshi encountered "Waterloo" in the SUV market for mainstream users. In July and August this year, Tengshi launched two SUV models, Tengshi N7 and N8, which did not achieve the expected success. Since its listing, Tengshi N7 has sold 5,402 vehicles, while N8 has sold 1,819 vehicles, which is not in line with Zhao Changjiang, general manager of Tengshi Sales Division.

Prior to this, Zhao Changjiang once said that "Tengshi N7′ s goal is to sell 10,000 units per month" and "the monthly delivery volume is about 5,000-6,000 units in the initial delivery period, and it is expected to reach over 10,000 units in September and October. Together with the N8 launched at the end of the year, Tengshi will be able to reach the level of monthly sales of 30,000 vehicles. " The failure of the N7 and N8 models has also dragged down the achievement of Tengshi’s annual target. According to the plan, Tengshi will challenge the annual sales of 150,000 vehicles in 2023, but now it has accumulated sales of 115,900 vehicles.

The year 2023 is coming to an end. On the whole, BYD’s leading position in the new energy market still exists, but the challenges it faces are also increasing objectively.

Judging from the disclosed plans, 2024 will be a great year for BYD’s products, including the replacement of core models and endless new products, such as Dynasty/Ocean, Tengshi and Equation Leopard, and the fifth-generation DM-i’s boarding blessing in technology, so as to upgrade from products to technology. Whether this can help BYD solve the challenges that have gradually emerged remains to be seen.

At the Guangzhou Auto Show, BYD executives said, "In 2024, new energy vehicles may enter the era of Armageddon at any time."