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New Energy Vehicle Industry Morning Report

Sanyan Technology Summary

Volkswagen, Toyota, Honda, Volvo and others followed BBA and reduced their discounts from July

Recently, BMW China withdrew from the price war and will stabilize prices by reducing sales volume from July to ease the operating pressure of stores. Not only BMW, but also Volkswagen, Toyota, Honda, Volvo and other brands have decided to adjust terminal policies from July, reduce terminal discounts, or no longer reduce prices further. It is worth mentioning that some dealers, including Nissan, Mercedes-Benz and Audi, said that they have not received official notification of price adjustments from the brand, but will adjust dynamically according to market conditions and have a positive attitude towards "reducing volume and stabilizing prices." (Red Star News)

Chery official: Chery has no "water army", only passion from the heart

According to Chery's official account, Chery's old car team made an appearance at the Chery Fan Festival on July 17. The large screen on site and the official caption read: Chery has no "water army", only passion from the heart.

Huawei's automotive BU's half-year revenue is nearly 10 billion yuan, exceeding the total of the past two years

As of early July this year, Huawei's intelligent car solution BU had revenue of 10 billion yuan, and its revenue in just half a year exceeded the total revenue for the whole year of 2022-2023. The main reason is that Seres is a major customer. In the first half of 2024, a total of 194,200 Huawei and Seres cooperative models were delivered. Huawei's car BU will be split before September this year and become a joint venture between Huawei and Changan. Its suppliers of incremental components for intelligent connected vehicles provide OEMs with product solutions such as intelligent driving and Hongmeng cockpit. (36Kr)

Zhixing Automotive Technology responded to a one-day plunge of nearly 70%: We do not know the reason for the unusual stock price movement, and the company's operations are normal

On July 17, the share price of Idriverplus, the “first autonomous driving stock” in Hong Kong, plummeted by more than 68%, setting the largest single-day drop since its listing.

In this regard, Zhixing Automotive Technology issued an announcement that the board of directors has noticed unusual fluctuations in the company's H-share price and trading volume. After making reasonable inquiries to the company under relevant circumstances, the board of directors confirmed that it is not aware of any reasons for such unusual fluctuations in the share price and trading volume, or any information that must be announced to avoid a false market in the company's securities, or any inside information that must be disclosed under Part XIVA of the Securities and Futures Ordinance, Chapter 571 of the Laws of Hong Kong. As of the date of the announcement, the company's operations are normal, and the board of directors has full confidence in the future development prospects of the group.

2024 China Automotive Summer Test Results Announced: 10 Models Passed Final Test

China Automotive Testing Center announced the "2024 China Automotive Testing Center Results". The results show that the pure electric models that passed the 2024 China Automotive Testing Center are Zeekr 001, Xiaomi SU7, Xiaopeng G6 and Star Era ET;

Hybrid models include the Lantu Light Chasing PHEV, Lynk & Co 07 EM-P, Lynk & Co 08 EM-P and Chery Fengyun A8;

Fuel models include Audi A4L and Chery Tiggo 8L.

Ideal Auto established an end-to-end entity department to accelerate the deployment of AI big models in vehicles

Ideal Auto recently established an entity organization for "end-to-end autonomous driving" with a total of over 200 people; at the same time, some members of other teams in the company are also flexibly supporting the project. Ideal is not the only company to do this. Previously, NIO has taken the lead in making organizational changes and established a large model department dedicated to end-to-end.

The Ideal Intelligent Driving team is mainly divided into two groups: algorithm R&D and mass production R&D, with a team of about 800 people. The main force of "end-to-end" R&D is deployed in the algorithm R&D group, which is led by Jia Peng, the head of Ideal Intelligent Driving Technology R&D. (36Kr)

Avita refutes the rumor of "abandoning the direct sales model": false information, has not given up the direct sales model

In response to reports that "Avita will abandon the direct sales model", Avita said that this is false news and Avita has not given up the direct sales model.

Avita said that the company is promoting a dual-line layout of direct stores and franchised dealers to give full play to their respective advantages. Avita Beijing Sanlitun direct store, the staff said that the direct store is currently operating normally and there is no plan to close down. (Shell Finance)

Ferrari's first electric car will be unveiled next year, CEO: Lithium iron phosphate batteries will never be used

Ferrari's first all-electric car has reportedly completed thousands of kilometers of road testing, and the company's CEO Benedetto Vigna has promised that the car will be built "the right way" to ensure that owners can have great fun. Vigna said the car will be unveiled at the end of next year and go on sale in 2026.

In addition, there are reports that the price of Ferrari's new electric car is US$500,000, or about RMB 3.64 million. However, Vigna did not confirm the report, and he replied that "we determine the price of the car one month before the release."

Regarding the power batteries used in the car, Vigna revealed that it will be purchased from multiple suppliers, but lithium iron phosphate batteries will definitely not be used.

NIO Energy's charging network is open to Hongmeng Intelligent Driving

NIO announced that NIO Energy and Hongmeng Intelligent Driving have officially reached a charging service cooperation agreement, and the NIO Energy charging network is open to Hongmeng Intelligent Driving.

According to the agreement, starting from July 17, Hongmeng Zhixing users can find and use NIO Energy charging piles nationwide through Hongmeng Zhixing App, AITO App, and Wenjie, Zhijie, and Xiangjie car machines.

It is reported that as of July 17, NIO Energy has deployed 3,904 charging stations and 22,822 charging piles across the country, with an average daily availability rate of 99.72%.

Guangzhou 100 Run C11 spontaneously combusted: sudden explosion while driving

Yesterday, a Leapmotor C11 caught fire in Haizhu District, Guangzhou. The owner said that while driving, the front hood suddenly exploded, and then the car body was surrounded by thick smoke. Currently, the accident is awaiting further investigation.

In April this year, a Leapmotor C11 caught fire in Duanzhou, Zhaoqing, Guangdong. The vehicle was parked on the roadside. Leapmotor customer service responded to the incident by saying that if a battery pack fire really occurred, relevant staff would follow up and handle it.

Polestar Automobile was reported to have disbanded its public relations team, with sales in China of only 635 vehicles in the first quarter

Recently, automobile blogger Chang Yan broke the news: "All the marketing and public relations teams of a certain pure electric luxury brand that I know have resigned."

Another blogger said that there was a rumor in the circle that the PR department of Polestar was disbanded and the other functional departments were going to move to Nanjing. After multiple verifications, the news was true and the PR department was basically leaving. The company started communicating with employees two weeks ago. Some employees were laid off, and some did not want to pay their social security in Nanjing or go to Nanjing, so they left. Currently, there is only one person left in the PR department, who is based in Shanghai and has moved his social security to Nanjing. The functional departments will move to Nanjing later.

However, Polestar Technology Chairman and CEO Shen Ziyu responded, "It is not true, what I said is true," and added that "Nanjing has made a strategic investment in Polestar and will relocate as a whole."

According to a media report, on July 16, the former Polestar China PR revealed that Polestar's PR team in China has been temporarily disbanded, and no follow-up PR work has been arranged. In addition, a source close to Polestar learned that on the Feishu of "Polestar Technology", multiple departments have been cleared of personnel, "there is no one left in the brand marketing department and the public relations and communication department."

He Xiaopeng: All Xiaopeng MONA M03 series are equipped with 16G memory as standard

He Xiaopeng revealed that Xiaopeng MONA's first car, the M03, is equipped with 16GB of memory as standard, in an effort to break the industry status quo of "the memory is too small to run the car computer."

Usually, the memory capacity of cars is rarely mentioned. In the past, users paid more attention to the car chips. In addition, 16G memory also exceeds most smartphones. For example, the memory of iPhone 15 Pro Max is 8G, and the memory of flagship phones such as Samsung and Xiaomi is also around 12G to 16G.