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New Energy Vehicle Industry Morning Report

Sanyan Technology Summary

Xiaomi acquires land in Beijing for RMB 842 million: Phase II of its smart manufacturing industrial base project

According to the Beijing Economic and Technological Development Zone Management Committee, the second phase of Xiaomi's smart manufacturing industrial base project is located in the Majuqiao Smart Manufacturing Base in Yizhuang New Town. On July 26, the project entered construction within 24 hours of the land transaction.

According to the official website of Beijing Municipal Planning and Natural Resources Commission on July 25, the industrial project of Plot 0106 in Block YZ00-0606 of Yizhuang New Town was sold for approximately RMB 842 million. The winning bidder was Xiaomi Jingxi Technology Co., Ltd., a subsidiary of Xiaomi Communications Technology. The site is located to the east of Xiaomi's automobile factory.

It is reported that the industrial land is planned to be used for the construction of new energy intelligent connected vehicle and parts manufacturing projects, with fixed asset investment of no less than 2.6 billion yuan and an annual output value of no less than 16 billion yuan when reaching full capacity.

Tesla: The world's 10 millionth electric drive system rolled off the production line at the Shanghai Super Factory

Yesterday, Tesla announced on Weibo that the Shanghai Super Factory had rolled off the world’s 10 millionth electric drive system.

Tesla said, "Tesla has redefined the electric drive system, developed and produced it from scratch. With more than 10 million powerful "hearts", every Tesla model is a performance car. Thanks to the support and companionship of more than 6 million car owners, we will accelerate the world's transition to sustainable energy together."

The new all-electric Audi A6 e-tron is released: supports 800V fast charging and has a maximum range of 750 kilometers

It is reported that Audi has officially released its new pure electric A6 e-tron, which is available in Sportback sedan version and Avant station wagon version, competing with Mercedes-Benz EQE and BMW i5.

The production version of the A6-tron is similar in appearance to the concept cars announced in 2021 and 2022. Only the split headlights and grille surrounds, traditional door handles, and full-frame taillights have been slightly adjusted.

The Audi A6 e-tron is built on the PPE platform, the same as the Q6 e-tron and Porsche Macan EV. The entry-level Audi A6 e-tron Performance uses rear-wheel drive and is equipped with a single electric motor with an output of 367 horsepower; the A6 e-tron quattro is equipped with dual electric motors and all-wheel drive, with an output of 428 horsepower.

Audi also unveiled the S6 e-tron, which produces 503 horsepower and can accelerate from 0 to 100 km/h in 3.7 seconds.

Both the A6 e-tron and S6 e-tron are equipped with a chassis-mounted battery pack with a capacity of 100 kWh (net capacity 94.4 kWh), and the 800-volt architecture supports 270 kW DC fast charging. In terms of cruising range, the A6 e-tron is 720-750 kilometers (WLTP) and the S6 e-tron is 640-670 kilometers (WLTP).

He Xiaopeng talks about persuading Lei Jun to build cars: We will be happier with more friendly competitors

On July 30, at the AI ​​smart driving technology conference of Xiaopeng Motors, He Xiaopeng talked about persuading Lei Jun to build a car, saying, "I told Mr. Lei one thing at the time. I said that there will be only a few car companies left. I think in the long run, let's not talk about China. From another perspective, we will be happier if we have more friendly competitors."

Xiaomi SU7 high-performance brake kit is now on sale: including high-performance brake pads and high-boiling point brake fluid

Recently, Xiaomi Auto announced that the Xiaomi SU7 official high-performance brake kit is now on sale. The kit includes high-performance brake pads (front/rear) and high-boiling point brake fluid.

It is understood that the price of Xiaomi SU7 high-performance brake kit is 3,713 yuan for accessories and 420 yuan for labor costs, totaling 4,133 yuan.

He Xiaopeng said he would not operate driverless taxis: he has contacted Didi and Uber

On July 30, at the AI ​​smart driving technology conference of Xiaopeng Motors, He Xiaopeng said that he would not operate driverless taxis. "We are unwilling to operate because we hope that Robo Taxi will serve not only China but also the world in the future."

However, He Xiaopeng also revealed that he had met with the CEOs of Didi and Uber in the past month, and believed that they would both do well in the field of autonomous driving. He Xiaopeng said that there may be many such operators in the world in the future, and we need to cooperate with them. "I think it is already difficult to make cars, and it is even more difficult to operate them. It is not adding, but multiplying."

Lei Jun: I would never want to be called the "God of Marketing"

Yesterday, blogger Li Xiang shared the content of a nearly 4-hour interview with Lei Jun.

Lei Jun said in the interview, "Our goal is to become the global leader in next-generation technology. If I am accidentally dubbed the 'God of Marketing', that is definitely not what I want."

In addition, Lei Jun also said that when he was an investor in the past, he often commented on the decisions of entrepreneurs such as He Xiaopeng and Li Bin from a bystander's perspective. Thinking back now, he was really ignorant and fearless at that time.

Only after really stepping into this industry did I immediately realize their difficulties and achievements. Lei Jun revealed that he apologized to He Xiaopeng when he met him at the end of 2023. And the five-page advertisement before the Xiaomi Auto conference was a sincere move. "The outside world may misunderstand it as showing off, but it is actually my sincere gratitude."

Jia Yueting: BYD is not a competitor of FF

Yesterday, Jia Yueting released a video saying that Faraday Future's products are mainly aimed at the United States and other countries, and there is no direct competition with Chinese car companies.

Jia Yueting said that the company has two brands, one is FF and the other is Lesee. Among them, FF is mainly responsible for the top market.

Jia Yueting also said, "BYD is not our competitor, because our second market is mainly in the United States and other countries. Who should we compete with in the United States? How should we compete with General Motors, Ford, BMW, Mercedes-Benz, and Volkswagen?" Jia Yueting said.

Tesla Model Y facelift spy photos: first use of through-type taillights

Recently, spy photos of the rear of the new Tesla Model Y were exposed.

The photos show that the car uses a through-type light group and a hidden design, which is different from most current models that use a through-type taillight design.

In addition, the spy photos also show part of the interior of the car, which is located at the co-pilot seat. It can be seen that the center console has many levels and the ambient lights on the door panels are conspicuous.

Lei Jun visits BMW: It is really amazing, I know the full name of BMW for the first time

Recently, Xiaomi CEO Lei Jun visited BMW and posted on Weibo that BMW is a century-old company founded in 1916, which is really amazing. Lei Jun also said that it was the first time he knew that the full name of BMW is Bavaria Engine Manufacturing Plant.

BMW was founded on March 7, 1916. It was originally an aircraft factory and its predecessor was BFW. On July 20, 1917, BFW began to reorganize and was officially named BMW.

In 1929, BMW announced its entry into the automobile manufacturing industry.

Lei Jun talks about the failure of Ideal MEGA: Li Xiang won by making extended-range electric vehicles, but he started from scratch in making pure electric vehicles

Blogger Li Xiang released a video of an interview with Lei Jun. It was reported that the video was shot on April 10 and the interview lasted nearly 4 hours.

In the video, Lei Jun talked about why the world's top companies have a higher probability of failure than startups when they cross over to new businesses. Lei Jun said that many companies set too high goals and do not think they are starting from scratch. Ideal encountered some difficulties in MEGA some time ago. Li Xiang's reflection also said the same thing. Li Xiang won in the extended-range model, and thought he did it easily when he was doing pure electric, but in fact he also started from scratch in pure electric.

BYD and Uber have reached a strategic cooperation and plan to launch 100,000 new BYD electric vehicles in key markets around the world

BYD today announced a multi-year strategic partnership with Uber, planning to deploy 100,000 new BYD electric vehicles in key markets around the world to further expand the electric vehicle lineup on the Uber platform.

According to reports, the cooperation will start in Europe and Latin America and gradually expand to the Middle East, Australia and New Zealand. In order to encourage more drivers to choose electric vehicles, the two parties will further consider providing charging discounts, vehicle maintenance or insurance discounts to car owners in the future, as well as financing and leasing solutions based on the specific conditions of each market.

Lei Jun and Xiaomi's chief designer visited BMW, who had worked at BMW for nearly 10 years

Lei Jun wrote on Weibo yesterday: "These past two days in Munich, Germany, @李田原Sawyer accompanied me to visit BMW. He revisited the old place and was particularly emotional. He introduced the places where he had worked and lived, as well as some of the works he had done at BMW."

Public information shows that Li Tianyuan graduated from Southwest University of Science and Technology with a bachelor's degree in 2009; worked at Great Wall Huaguan from 2009 to 2011; worked at PSA China Design Center from 2011 to 2012; from 2012 to 2016, Li Tianyuan worked at BMW Designworks Shanghai Design Center (senior exterior designer), during which he participated in multiple automotive design and development projects of the BMW Group including BMW, MINI, Rolls-Royce, etc. During this period, his main projects were the chief exterior designer of the Zinoro Next concept car of the Zinoro brand and the chief exterior designer of the early proportion stage of the new 7 Series project; from 2016 to 2021, Li Tianyuan worked as a senior exterior design expert for the BMW i/M brand at the BMW R&D Center, responsible for the exterior design of the BMW i brand flagship electric SUV BMW iX, the mid-term facelift of the BMW 2019 5 Series, and the BMW 2021 i Vision Circular concept car; from 2021 to 2024, Li Tianyuan served as general manager of Xiaomi Automotive Industrial Design and chief designer, responsible for the Xiaomi SU7 project, a luxury C-class sedan in Xiaomi Automotive's technology ecosystem.

Lei Jun: As an investor, I used to be bossy. Last year, I apologized to He Xiaopeng at the dinner table.

Blogger Li Xiang released a video interview with Lei Jun today. It is reported that the video was shot on April 10 and the interview lasted nearly 4 hours.

In the video, Lei Jun said that from a personal perspective, he did not want to build a car, and he had initiated two discussions within the company about building a car, but he rejected them both. He later banned the company from discussing building a car. A director asked whether to build a car. Lei Jun was against it during the discussion at the meeting. Everyone said why not do a research. Later, Lei Jun formed a team and conducted research for three months. He found that the world had changed and mobile phones and cars had merged.

Lei Jun also mentioned: "When I was an investor, I was always giving orders and thought I was great. I said, "Xiaopeng, you are wrong. Libin, there must be something wrong with you." Investors are people like me. I don't really understand and I always give orders. After I really finished, I had a drink with He Xiaopeng at the end of last year. I said, "Xiaopeng, I apologize to you. It turned out that it was because of my ignorance. Later I found that you are still very capable and have done a good job. I said we should express our gratitude in a very formal way. I just bought 5 pages of advertisements to express my gratitude. Everyone thinks we are trying to show off. No. We talked about it at the table, and I want to express it to you in a very formal way."

FF submits first quarter 10-Q financial report and re-complies with Nasdaq financial reporting compliance requirements

According to FF's official news, FF released a business update today, disclosing its financial data for the first quarter of 2024, and stated that it has re-met Nasdaq's requirements for timely submission of financial reports.

Financial data for the first quarter of 2024:

Operating expenses decreased significantly to $22.9 million, compared with $95.8 million in the same period last year.

Operating losses narrowed significantly to $43.6 million, compared with a loss of $95.8 million in the same period last year.

Cash flow from operating activities improved significantly, with net expenses of $14.7 million compared to net expenses of $103 million in the same period last year.

As of March 31, 2024, the company had book assets of US$499.9 million, liabilities of US$298.4 million, and net assets of US$201.5 million.

As of July 30, 2024, the Company had 441.3 million Class A common shares outstanding, compared to 439.7 million shares outstanding as of May 17, 2024.

Nasdaq listing compliance:

Recently, FF obtained the approval of the Nasdaq hearing panel to continue to be listed, but it needs to return to compliance before the specified deadline. By submitting the first quarter financial report 10-Q as of March 31, 2024, FF has met one of the compliance deadlines.

GAC Passenger Vehicle changed its name to GAC Trumpchi. Related sources: To be closer to the brand name

Recently, GAC Passenger Vehicle Co., Ltd. has undergone industrial and commercial changes, and its corporate name has been changed to GAC Trumpchi Automobile Co., Ltd. Previously, GAC Passenger Vehicle mainly produced models under its brand name GAC Trumpchi. According to information, GAC Passenger Vehicle Co., Ltd. is a wholly-owned subsidiary of GAC Group, established in July 2008, with Feng Xingya as the legal representative and a registered capital of approximately 16 billion yuan. Regarding the name change, relevant people said that the purpose of this move is to be closer to the brand name. (Yicai Global)

Tesla recalls 1.85 million vehicles in the U.S. because software may not detect unlocked hood

The National Highway Traffic Safety Administration (NHTSA) recently announced that Tesla has launched a large-scale recall involving Model 3, Model S, Model X from 2021 to 2024 and Model Y from 2020 to 2024, totaling 1.8496 million vehicles.

The reason for this large-scale recall by Tesla is that the software may not detect that the hood is unlocked, and the unlocked hood may open completely, obstructing the driver's view and increasing the risk of a collision. This recall will be completed through remote upgrade (OTA).

Ideal MEGA chief designer resigned? He was just one of the designers, not the chief designer

Recently, there was a rumor online that the chief designer of Ideal MEGA had resigned. Relevant screenshots showed that the designer's nickname on Xiaohongshu was "Gege Gouer", and his profile on his homepage was: born in the 1990s, a junior at CAFA, and an automotive designer at Pforzheim University in Germany.

Car blogger @车圈朵教主Dora asked Ideal for confirmation, and the other party denied the rumor, saying, "She is not the chief designer of MEGA, but just one of the designers. The MEGA designer is Ben." Her departure was a normal personnel change in the team.