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New Energy Vehicle Industry Morning Report

Sanyan Technology Summary

Hongmeng Intelligent Driving new product launch conference will be held on August 26

Hongmeng Zhixing announced today that it will hold a new product launch conference at 14:30 on August 26. At that time, the new M7 Pro will be officially launched.

Shanghai Stock Exchange issues a regulatory work letter on Great Wall Motors public opinion-related matters

On August 20, the news that Great Wall Motors was “blacklisted” by China Southern Power Grid attracted attention. The Shanghai Stock Exchange issued a regulatory work letter on public opinion related matters of Great Wall Motors, involving listed companies, directors, supervisors, and senior management personnel.

According to the unified supply chain service platform of China Southern Power Grid Co., Ltd., China Southern Power Grid recently announced in a supplier handling notice that Great Wall Motors was listed as "not accepting bids" because "the supplier has committed major dishonesty and has had a bad impact." The handling period is 24 months, the handling measures will start on June 21, 2024, and the handling scope is "China Southern Power Grid Corporation's scope."

Uber reportedly hired former Tesla charging executive Rebecca Tinucci

It is reported that American travel company Uber has hired Rebecca Tinucci, a former executive at Tesla's charging stations, to be responsible for the electrification transformation of the company's fleet.

Public information shows that Rebecca Tinucci was the senior director of Tesla's Supercharging Department. On April 29, 2024 (local time), Musk sent an email to executives stating that Rebecca Tinucci, senior director of the Supercharging Department, and Daniel Ho, head of the new product department, will leave the company on the morning of the 30th.

He Xiaopeng: Xpeng Motors will enter more right-hand drive markets in the second half of the year

On August 20, Xpeng Motors released its second quarter financial report for 2024. In the earnings call, He Xiaopeng, chairman of Xpeng Motors, said that as of July, Xpeng Motors had entered 30 countries and regions including Europe, the Middle East, and Latin America through dealer partners, and had more than 70 sales stores. In the second half of this year, Xpeng Motors will enter more right-hand drive markets, including the United Kingdom, Australia, and several countries in Southeast Asia.

Week 33 sales released: Xiaopeng re-enters the list, Nezha withdraws, and Wenjie returns to second place

On August 20, Ideal Auto released its sales data for the 33rd week of 2024 (August 12-August 18): Ideal Auto's weekly sales reached 10,700 vehicles, ranking first in sales among new brands in the Chinese market for 17 consecutive weeks.

Compared with the 32nd week, among the top 10 automakers, Xiaopeng re-entered the list, Nezha withdrew, and the other 9 automakers remained unchanged. In terms of specific rankings, Wenjie returned to the second place, exchanging positions with Leapmotor; Xiaomi dropped from the fourth to the seventh; Weilai rose in the ranking and returned to the top 5.

NIO Energy releases "Charge Every County" plan: Charging will cover all county-level administrative regions across the country by June 30, 2025

On August 20, at the 2024 NIO Charging Day event, NIO officially announced the “Charging in Every County” plan.

NIO's battery swapping in all counties will be gradually promoted in three phases: by June 30, 2025, 14 provincial-level administrative regions including Beijing, Shanghai, Guangdong, Jiangsu, Zhejiang, Anhui, Hubei, Shandong, Sichuan, Henan, Fujian, Tianjin, Chongqing, and Macau, and more than 1,200 county-level administrative regions will be covered; by December 31, 2025, 13 additional provincial-level administrative regions including Hunan, Hebei, Shaanxi, Guangxi, Yunnan, Guizhou, Jiangxi, Hainan, Shanxi, Jilin, Liaoning, Gansu, and Ningxia will be covered. So far, NIO will have completed the full coverage of battery swapping stations in 27 provincial-level administrative regions and more than 2,300 county-level administrative regions; and will start to tackle the construction of battery swapping stations in the remaining provincial-level administrative regions from 2026.

It is understood that NIO began to deploy charging and battery swapping facilities at the beginning of delivery in 2018. As of August 20, NIO has built 23,009 charging piles and 2,480 battery swapping stations across the country, providing users with more than 45.63 million charging services and more than 51 million battery swapping services. It is the automobile brand with the largest number of charging piles and battery swapping stations in the country.

Guanghui Auto was exposed to have difficulty in picking up cars at many of its 4S stores

With nearly 700 4S stores in China, Guanghui Auto, the country's largest auto dealer, has reached its darkest hour. In recent days, consumers have told Blue Whale News that they are unable to pick up the cars they bought at Guanghui Auto's 4S stores.

Ning Ning, a consumer from Jiangsu, said: "At the end of June this year, I ordered a BMW X5 from Xuzhou Mingzhibao Automobile Sales and Service Co., Ltd. under Guanghui. I signed a formal sales contract, paid the deposit and down payment, completed the loan procedures, and the car has arrived at the store. It was originally agreed that the car would be delivered on June 20, but now two months have passed and I still can't pick up the car."

When asked about the specific reason why she couldn't pick up the car, Ning Ning said: "The new car's certificate of conformity was mortgaged to BMW Finance by the 4S store. Now the store's capital chain is tight, and the certificate of conformity cannot be redeemed. Even if the car is in the store, there is no way to take it away." According to Ning Ning, the store has a funding gap of more than 20 million yuan, and the certificates of conformity of more than 40 cars have been mortgaged. (Blue Whale News)

Li Bin talks about car company bosses doing live broadcasts: I don’t compete with Lei Jun in terms of influence, I just do live broadcasts as a side job

On August 20, at the 2024 NIO Power-Up Day press conference, NIO founder, chairman and CEO Li Bin, NIO co-founder and president Qin Lihong, and NIO Energy Senior Vice President Shen Fei were interviewed by the media.

Regarding the topic of car company bosses doing live broadcasts, Li Bin said that he does live broadcasts not to become a KOL. "Mr. Lei was very influential before, and now he has entered the automotive industry. We can't compare with him, so we should just do services honestly and do live broadcasts by the way." He emphasized that his live broadcasts are all related to work and he only does them when there is a need at a certain point. It is not a deliberate plan, he just broadcasts directly with a mobile phone, without the burden of being an idol, simpler and more real.

Regarding whether Xiaomi, Xiaopeng and other car companies will join the battery swap alliance, he said that Weilai's attitude is open and not forced. If Weilai and Ledao sell well, people will naturally join; if they don't sell well, they will not be willing to join if they are forced to join. (Sina Technology)

Xpeng Motors: Second quarter revenue of 8.11 billion yuan, a year-on-year increase of 60.2%

Xpeng Motors released its second quarter financial report for 2024. The financial report shows that in the second quarter, Xpeng Motors achieved 8.11 billion yuan, a year-on-year increase of 60.2%; among which, automobile sales revenue was 6.82 billion yuan, a year-on-year increase of 23.0%; the quarterly gross profit margin was 14.0%, an increase of 17.9 percentage points from the same period in 2023. The total number of automobile deliveries in the second quarter was 30,207, a year-on-year increase of 30.2%. As of June 30, 2024, cash and cash equivalents, restricted cash, short-term investments and time deposits were 37.33 billion yuan.

Ideal Auto: Li Xiang was photographed by passers-by while dining out, and later the doctor Shi De spread rumors, the police have been notified

Regarding the medical treatment statement, the legal department of Ideal Auto released the details:

Ideal Auto has never conducted any business negotiations or cooperation with Yishide (Beijing) Medical Technology Co., Ltd. On July 12, Ideal Auto issued a statement through the official Weibo account of the Legal Department to clarify the facts. In response to the online rumors spread by Yishide, Ideal Auto has reported to the police.

The events are as follows:

- One day in June 2024, when Mr. Li Xiang was out for dinner, a passerby who claimed to be the owner of an Ideal Auto took a photo with him.

- On the evening of June 22, 2024, posters with rumored content such as Ideal Auto and Yishide Company’s AI medical cooperation, as well as photos with Mr. Li Xiang, appeared on various online platforms.

- On June 25, 2024, Ideal Auto sent a lawyer's letter to Yishide Company, requiring it to stop the infringement and bear the corresponding legal responsibilities.

- On July 3, 2024, Zhou, who claimed to be a staff member of Yishide Company, contacted the legal department of Ideal Auto. During the communication between the two parties on the apology, Zhou proposed a plan to use this incident for marketing hype, which Ideal Auto rejected.

- On July 6, 2024, Zhou issued an apology letter with the seal of Yishide Company.

- On July 12, 2024, the Legal Department of Ideal Auto issued an official statement to remind consumers not to be deceived.

- On August 19, 2024, Ideal Auto discovered that Yishide Company’s "Solemn Statement" appeared on platforms such as Xiaohongshu, Douyin, and Weibo. The content of the statement once again spread rumors that Yishide Company and Ideal Auto would stop all cooperation, ban Ideal Auto, and spread rumors about Mr. Li Xiang’s physical condition.

- On August 20, 2024, Ideal Auto reported the case to the public security authorities.

NIO has deployed 23,009 charging stations across the country

As of August 20, NIO has deployed 2,480 battery swap stations and 23,009 charging piles across the country.

Chery Automobile established a new technology company in Anhui

Tianyancha App shows that Anhui Kaiyang Technology Co., Ltd. was established recently, with Yin Tongyue as the legal representative and a registered capital of RMB 100 million. Its business scope includes network and information security software development, intelligent robot research and development, artificial intelligence basic software development, artificial intelligence application software development, cloud computing equipment technical services, quantum computing technical services, electronic special materials research and development, emerging energy technology research and development, automotive parts research and development, micro-motor and component manufacturing, etc. Shareholder information shows that the company is wholly owned by Chery Automobile Co., Ltd.

Ideal responds to Yishide's statement: It has never conducted any business negotiations or cooperation with the other party

Recently, a netizen posted a "Statement on Yishide and Ideal Auto" on a social platform, saying that it would terminate all relations with Ideal Auto from now on. The statement pointed out that before signing a formal cooperation agreement with Ideal Auto, no relevant publicity could be published. The original intention was to compromise and deceive the company into writing an apology letter and immediately removing the relevant publicity. However, Ideal Auto used the apology letter to maliciously slander Yishide and strongly condemned the unethical behavior of Ideal Auto and Li Xiang himself.

In response, Ideal said that Ideal Auto had never conducted any business negotiations or cooperation with Yishide, and Ideal Auto had clarified the facts through an official statement from the Ministry of Law on July 12. In response to the online rumors spread by Yishide, Ideal Auto will take relevant legal measures.

It is understood that Ideal Auto issued a clarification statement on July 12, requiring the other party to delete the infringing content.