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morning ginseng for automobiles | xpeng ramps up self-developed chips, volkswagen lowers full-year delivery forecast

2024-09-29

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| sunday, september 29, 2024 |

NO.1 gac group is formulating a plan to deepen reforms

on september 27, according to media reports, gac group is formulating a deepening reform plan. the specific content of the plan is still being refined and will be implemented step by step in the near future to achieve a smooth transition. according to insiders of gac group, gac group intends to transform the traditional strategic management and control model of relatively separate research, production and sales into an integrated operation model of independent brands. the headquarters personnel will upgrade independent brand management in order to strengthen the level of independent brand operation control and integrated coordination. during this process, some gac group headquarters personnel will move from the gac center to the gac research institute.

comments:gac group has formulated a deepening reform plan with the intention of changing the traditional model of separation of r&d, production and sales into an integrated operation model of its own brands. this change is expected to improve operational efficiency and management control. this move also shows that gac group is actively responding to market challenges, strengthening the competitiveness of its own brands, and leading the strategic transformation of the entire group.

NO.2 south korean battery maker sk on plans to lay off employees

according to reuters, on september 26, sk on, the battery manufacturing subsidiary of south korean energy group sk innovation, said it planned to launch a voluntary layoff plan to reduce the number of employees as it hopes to improve efficiency and maintain stability in the fiercely competitive electric vehicle market. competitiveness. sk on said in a statement that it plans to offer special leave and voluntary separation options as part of its efficiency improvement plan.

comments:south korean battery maker sk on is considering launching a voluntary layoff plan to improve efficiency and stay competitive in the fiercely competitive electric vehicle market. despite the difficulties faced by employees, this move reflects the company's firm determination to actively make changes to optimize operations, enhance profit margins and performance.

NO.3 byd has gone deep into solid-state battery research

on september 27, lian yubo, byd's chief scientist, chief automotive engineer, and dean of the automotive engineering research institute, stated at the world new energy vehicle conference that byd has conducted in-depth research in the field of solid-state batteries. regarding the widespread application of solid-state batteries, lian yubo predicts that "three years will be difficult and five years will be more realistic." in addition, lian yubo said that due to factors such as cost and material controllability, lithium iron phosphate batteries will not be eliminated in the next 15 to 20 years.

comments:byd chief scientist lian yubo's statement shows that byd is conducting in-depth research on solid-state batteries and expects them to be widely used in the next five years. although he pointed out that lithium iron phosphate batteries will not be eliminated in the next 15 to 20 years, this strong focus on solid-state batteries shows byd's determination to seek new battery technologies to promote electric vehicle technology innovation and market competitiveness.

NO.4 xiaopeng increases its layout of self-developed chips

on september 27, xpeng huitian announced that it had reached strategic cooperation with gaozhi airlines and aucheng airlines, and signed a reservation contract for 150 xpeng huitian's first mass-produced flying cars, "land aircraft carriers", with a total order value of nearly 300 million yuan. in addition, xpeng motors ceo he xiaopeng recently held an all-member meeting at the xpeng motors shanghai r&d center and said that in order for xpeng motors to become a global ai car company, the shanghai r&d center must continue to leverage talent, globalization, and ai technology. advantages. at present, xpeng's chip team has more than 200 people and has settled in the shanghai r&d center. the turing chip it developed "will be available soon."

comments:xiaopeng has increased its deployment of self-developed chips and aims to become a global ai car company. the chip team has more than 200 people and is located in the shanghai r&d center, which shows that xiaopeng attaches great importance to independent research and development and innovation. as turing chips are about to be used in cars, xpeng's competitiveness in the field of smart cars is expected to be further enhanced.

NO.5 volkswagen lowers full-year delivery forecast

according to news on september 28, volkswagen expects to deliver 9 million vehicles for the whole year, while analysts expected 8.1 million vehicles; the operating profit for the year is expected to reach about 18 billion euros; the sales revenue for the year is expected to be about 320 billion euros; the annual net cash flow of the automotive department is 2 billion euros, and the company originally expected 2.5 billion to 4.5 billion euros; the full-year return on sales and operating return (ros) is expected to be 5.6%, while analysts expected 6.51%, and the company originally expected 6.5% to 7.0%.

comments:volkswagen lowered its full-year delivery forecast, reflecting market pressure brought about by global semiconductor shortages and other factors. while automakers are taking steps to combat the problem, it will still weigh on full-year results for automakers such as volkswagen. this also indicates that the automotive industry needs to make adjustments in supply chain management, production planning, etc. to adapt to market changes.

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