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New Energy Vehicle Industry Morning Report

Sanyan Technology Summary

More than half of Tesla owners in the U.S. have switched to gasoline-powered vehicles

According to foreign media reports, a survey data showed that more than half of Tesla owners in the United States have switched to fuel vehicles.

According to the latest research by Edmunds, by 2024, more than half of Tesla owners in the United States will abandon electric vehicles and switch to fuel vehicles, and only 32% of owners will continue to choose pure electric models.
Specifically, 51% of Tesla owners switched to traditional fuel vehicles, 10% chose hybrid models, and 6% chose plug-in hybrid models. The reason is that oil prices in the United States are relatively cheap and charging facilities are not perfect.

What’s even more interesting is that more and more buyers are replacing Tesla with electric vehicles from other traditional automakers. (Fast Technology)

GAC Toyota: July sales of 59,118 units, hybrid sales accounted for 53.2%

Last night, GAC Toyota released the latest sales data. In July, GAC Toyota sold 59,118 units, with hybrid accounting for 53.2%. Among them, Camry sold 13,179 units in July, with hybrid accounting for 72.6%; Senna sold 8,320 units, setting a new monthly record; Highlander sold 6,158 units, with hybrid accounting for 81.6%.

Xiaomi Auto: The vehicle cannot be used during the OTA upgrade process, and the upgrade cannot be paused

Last night, Xiaomi Motors released "Xiaomi SU7 Answers Netizens' Questions (Episode 62)". It mentioned that if the mobile phone of Xiaomi SU7 receives an OTA update while driving, what should be done?

Xiaomi Auto said that when the vehicle is driving normally, in order to ensure driving safety, even if the user clicks [Start Upgrade] on the mobile phone, the system will prompt the user to postpone the upgrade; before the vehicle is updated, ensure that the remaining power of the power battery is >20% and the vehicle is in the parked state; the vehicle cannot be used during the upgrade process and the upgrade cannot be paused.

The OTA upgrade package will be automatically downloaded when there is a network connection. After the download is complete, a pop-up window will appear on the car when the car is parked in P gear. If you accidentally select the upgrade when the car is parked on the road, you will have 2 minutes to cancel it. If you click [Start Upgrade] while the car is driving, Xiaomi Auto will not upgrade to ensure driving safety.

Evergrande Auto: Liu Yongzhuo and Qin Liyong removed from their positions as executive directors

Evergrande Auto announced that it has appointed Cai Weikang as the company's executive director, Liang Jiajin as the company's independent non-executive director, and Wang Kenan as the company's independent non-executive director, effective immediately. Liu Yongzhuo and Qin Liyong were removed from their positions as executive directors, as well as any positions they held in the company, effective immediately.

GAC Aion is promoting its Hong Kong IPO and listing to transfer part of its equity

According to the investment documents released by the Beijing Equity Exchange, GAC Aion New Energy Automobile Co., Ltd. plans to transfer part of its equity on the Beijing Equity Exchange through listing. The investment entity is China Cinda Asset Management Co., Ltd. and the period is from August 1, 2024 to January 22, 2025.

The investment announcement shows that GAC Aion is currently preparing for an IPO on the Hong Kong stock market, and all preparations for the listing are currently proceeding as scheduled.

Yueda Kia: July sales of 22,156 units, up 39.9% year-on-year

According to Yueda Kia's official microblog, sales in July 2024 were 22,156 units, a year-on-year increase of 39.9%, and sales exceeded 20,000 units for two consecutive months; 21,400 vehicles were produced in July, a year-on-year increase of 41.7%. From January to July 2024, cumulative sales reached 131,745 units, a year-on-year increase of 66.5%; cumulative production reached 127,160 units, a year-on-year increase of 115.5%.

Will Audi and SAIC change the logo of their co-branded models? All three parties responded: No relevant news has been released

It is reported that the new electric car model jointly developed by Audi and SAIC will change its logo and will not display Audi's iconic "four-ring" logo. The report said that the reason for canceling the Audi "four-ring" logo is for brand image considerations.

In this regard, the National Business Daily has verified with SAIC Group, Audi China and SAIC Audi, and all three parties said: "There is no official news released at present." (National Business Daily)

Changan Automobile: Total vehicle sales in July were approximately 170,000 units, down 17.86% year-on-year

Changan Automobile announced that its total vehicle sales in July 2024 were approximately 170,000 units, a year-on-year decrease of 17.86%; its cumulative sales this year were approximately 1.5 million units, a year-on-year increase of 5.71%.

SAIC Volkswagen: 11,258 new ID. family cars were delivered in July, and ID.3 and ID.4 X were launched simultaneously

Official data from SAIC Volkswagen shows that in July, SAIC Volkswagen delivered 11,258 new cars of the ID. family. In addition, the main models of the ID. family, ID.3 and ID.4 X, were also launched simultaneously recently.

China Association of Automobile Manufacturers: Total import and export volume of automobile products in the first half of the year increased by 6.8% year-on-year

According to the official WeChat account of the China Association of Automobile Manufacturers, as of June this year, the total import and export value of automobile products increased slightly year-on-year.

In June 2024, the total import and export volume of automobile products was US$25.19 billion, a decrease of 4.5% from the previous month and an increase of 6.7% from the previous year. From January to June 2024, the total import and export volume of automobile products in China was US$145.31 billion, an increase of 6.8% from the previous year. Among them, the import volume was US$33.41 billion, a decrease of 7.5% from the previous year; the export volume was US$111.9 billion, an increase of 11.9% from the previous year.

Auto blogger claims Nezha Auto employees exposed themselves to workplace bullying

A few days ago, an automobile blogger posted on Weibo that Miao, an employee in the new media operations position of Nezha, sent a message for help to his team a few days ago, saying that he encountered workplace bullying while working at Nezha Automobile: such as "performance being maliciously withheld, being marginalized by leaders and colleagues, having his clock-in location tampered with by the company, and being forced to take annual leave", etc., and attached relevant audio and video evidence.

The employee believes that he entered the company through the normal recruitment process (May 22), worked diligently and did not make any mistakes during the two years he worked for the company, and should not be treated like this. He said that he has been kicked out of the company's VX and expelled from the company, which is equivalent to being forced to resign.

The auto blogger said that he contacted Miao's former supervisor, Manager Gao, the head of the user center at Nezha Kunshan Huangpujiang North Road, to verify the matter. Manager Gao said that the recording was from a year ago, and that Miao was no longer under his management after the end of last year and was transferred to another place, but was still engaged in new media-related work. Miao's claim of "performance deduction and marginalization" did not exist.

Afterwards, the car blogger contacted the leader who was in charge of Miao before he left, Manager Tong of the Dongwu South Road store in Wuzhong District, Suzhou. Manager Tong said that it was "inconvenient to respond to this matter" and that he needed to contact the manufacturer to understand the situation.

Xpeng Huitian received US$150 million in B1 round financing and started B2 round financing

According to an article on the official WeChat account of Xpeng Motors, Xpeng Huitian announced that it had received US$150 million in B1 round financing and also launched B2 round financing. It plans to start pre-sales of the "land aircraft carrier" in the fourth quarter of this year.

According to reports, this round of financing will ensure the smooth realization of the research and development, mass production and commercialization of Xiaopeng Huitian's flying cars. Xiaopeng Huitian is about to build the world's first flying car factory that uses modern assembly lines for large-scale mass production in Guangzhou Development Zone, which will first be used to produce the flying body of the split flying car "land aircraft carrier".

Tesla brake scandal final verdict: Li's compensation increased to 70,000 yuan, appraisal agency says vehicle brake system is normal and effective without faults

Recently, the second-instance judgment of the defamation case between Tesla and Xi'an Li (one of the core members of the Shanghai Auto Show incident) was made. The amount of compensation that Li should pay to Tesla was adjusted from 2,000 yuan in the first instance to 70,000 yuan. Li's appeal was not established, and the court did not accept Li's appeal. At the same time, the judicial appraisal agency commissioned by the court appraised the vehicle involved in the case, and the appraisal opinion was: Tesla's vehicle braking system is normal, effective and fault-free, and meets relevant technical standards.

Previously, Zhang from Henan, who stood on the roof of a car at the Shanghai Auto Show, was found to have violated Tesla's reputation rights. Self-media people Feng and Big Eye Brother were also ordered by the court to pay compensation for spreading rumors and defaming Tesla. (Sina Technology)

Evergrande Auto: Related subsidiaries enter bankruptcy reorganization process

Today, Evergrande Auto announced on the Hong Kong Stock Exchange that the relevant local people's court held a hearing on the bankruptcy reorganization of the relevant subsidiaries on August 2, 2024, and the relevant local people's court ruled that the relevant subsidiaries entered the bankruptcy reorganization procedure.

Xia Yiping, CEO of Jiyue: End-to-end is just a marketing gimmick. No company in the market is truly end-to-end.

At the Jiyue AI Aesthetics Appreciation Conference, Jiyue CEO Xia Yiping talked about end-to-end. He believes that there is no 100% end-to-end yet, and it is all marketing gimmicks that need to be faked. There is no real end-to-end in the market now.

Xia Yiping said that true end-to-end, completely visual, and direct execution after seeing is very difficult, and the verification model behind it requires huge investment. The final cost of building a supercomputing center is not in developing this mod, but in the investment in computing power behind it, because the more end-to-end it is, the larger the final model is, the more parameters it has, and the more data it consumes.