▍Scrap fuel vehicles to buy new energy vehicles, government subsidies increased to 20 thousand yuan.
On July 25, the National Development and Reform Commission and the Ministry of Finance issued the Notice on Several Measures to Support Large-scale Equipment Renewal and Trade-in of Consumer Goods, which mentioned that it is necessary to raise the subsidy standard for automobile scrapping and renewal. On the basis of the Detailed Rules for the Implementation of Automobile Trade-in Subsidy, individual consumers scrapped fuel passenger cars with emission standards of National III and below or new energy passenger cars registered before April 30, 2018 (including that day). And buy new energy passenger cars or fuel passenger cars with a displacement of 2.0 liters or less that are included in the Catalogue of New Energy Vehicles with Vehicle Purchase Tax Exemption. The subsidy standard is raised to 20,000 yuan for buying new energy passenger cars and 15,000 yuan for buying fuel passenger cars with a displacement of 2.0 liters or less.
▍Honda will cut its production capacity in China by 20%, and Hino engine business will also withdraw from China.
Nikkei News reported on July 25 that Honda will cut its production capacity by about 300,000 vehicles by closing factories and other measures, so as to make its production scale in China.From 1.49 million to 1.2 million.At the same time, Hino Motor will also withdraw from the engine production business in China.this timeAct, set a recordJapanese car companiesReduced production in ChinaThe largest scale.
Since 1990s, Honda has been increasing its production investment in China, and China is its largest production base in the world. This is the first time that Honda has reduced its production scale in China, which means that it will change its expansion route in China.
The Nikkei News pointed out that,With Japanese cars in ChinamarketIn the downturn, Honda will close or stop production of two of the seven gasoline car factories in China as the first step. The factory in Guangzhou, Guangdong Province will close in October, and the factory in Wuhan, Hubei Province will stop production in November. Another factory in Guangzhou will also close or stop production.At present,The trend of adjusting business in China has been extended to all Japanese automakers. Hino Motor plans to liquidate the business of its subsidiary "Shanghai Hino Engine" (located in Shanghai) which produces engines for the China market in 2025.
After 2020, Honda’s sales in China showed an accelerated decline: 1,561,500 vehicles in 2021, down 4% year-on-year; 1,373,100 vehicles in 2022, down 12.1% year-on-year; In 2023, there were 1,234,200 vehicles, down 11% year-on-year. From January to June this year, Honda sold 415,900 vehicles in China, down 21.48% year-on-year.
On the evening of July 25th,Guangqi HondaResponded that"The company currently has four vehicle production lines (with an annual production capacity of 770,000 units) and one production line under construction (with a designed annual production capacity of 120,000 units), of which the fourth production line with an annual production capacity of 50,000 units is scheduled to be closed in October 2024, and the new energy production line under construction will be put into production in November 2024."
Up to now, I have not seen the news of Dongfeng Honda’s response.
▍The delivery volume of Xiaomi Automobile decreased for two consecutive weeks, and the executives responded: production line optimization and maintenance.
Fast Technology reported on July 25th that in the first week of July, the sales volume of Xiaomi SU7 was 3,711 units, and in the second week, it was 2,239 units. In response to this matter, Wang Hua, general manager of Xiaomi’s public relations department, responded on social media, saying that it was caused by a new round of production line optimization and maintenance. The original text is as follows:
Sure enough, today, someone started to take the weekly data of Xiaomi SU7 in the third week of July to bring rhythm. Yesterday, Mr. Lei also casually replied in the live broadcast that our July delivery target is still breaking 10,000 units. Moreover, the official has publicly told us before that we will carry out a new round of production line optimization and maintenance in July to prepare for further improving production capacity. At the same time, it also said: the optimization and maintenance of the production line will not affect the goal of continuous delivery in July. Just now, I looked at the real-time delivery data in the background, and there are still 7 days left this month, so it is not challenging for the delivery to continue to break through 10,000.
▌domestic
▍Deep Blue S07 is officially listed, with a price of 139,900 yuan.
On July 25, Deep Blue Auto officially announced thatDeep blue S07Welcome to the official listing, the new car launched a total of 10 models, the price range of 14.99-21.290,000 yuan, limited time discount of 10 thousand yuan. As a new generation of global strategic model of Deep Blue Auto, Deep Blue S07 is the first to take Huawei’s initiative, and offers pure electric and extended range options. In terms of body size, the length, width and height of the new car are 4750/1930/1625mm respectively, and the wheelbase is 2900mm. The new car has a smooth and dynamic posture with a drag coefficient of only 0.258. In terms of power, the new car provides pure electric power and extended range power to choose from. The extended-range vehicle is equipped with a 1.5L naturally aspirated engine and Shenxing 3C rechargeable battery. The pure battery life is available in 215km and 285km. The maximum comprehensive battery life is over 1200km, and the vehicle can be charged from 30% to 80% within 15 minutes.
▍BYD Song L DM-i was officially listed, starting at 135,800 yuan.
On July 25th, BYD Song L DM-i was officially launched, and five new models were launched with a price range of 135.8-175.8 million yuan. The new car is equipped with BYD’s fifth-generation DM technology, which feeds fuel consumption.3.9L/100km。 In terms of body size, the length, width and height of the new car are 4780/1898/1670mm and the wheelbase is 2782 mm. In terms of power, Song L DM-i will be equipped with a brand-new fifth-generation DM hybrid system, in which the maximum power of 1.5L engine is 74 kW, the maximum power of driving motor is 160 kW, and it is equipped with 12.9kWh, 18.316kWh and 26.593kWh.Lithium iron phosphate batteryIn group B, the pure battery life is 75km, 112km and 160km, respectively, and NEDC consumes 3.9 liters of electricity per 100 km. In addition, the new car is also equipped with an external discharge function with a maximum power of 6 kW.
▍Enjoy a comprehensive discount of up to 12,300 yuan, and LI will offer a limited time discount.
IT House reported on July 25th that today LI released the latest preferential policies for car purchase for its L-series models, with the highest comprehensive preferential rights worth 12,300 yuan. The discount period is from July 24th to July 31st at 24:00. During this period, if you order L7/L8/L9 and pick up the car, you can enjoy the car purchase discount (the discount for L6 models is not limited by the condition of ordering and picking up the car before July 31st). Specifically, the comprehensive discount consists of limited-time car purchase courtesy, car purchase rights and financial car purchase scheme: the limited-time car purchase courtesy is as high as 2,399 yuan, and the 10,000-yuan car purchase rights include an optional fund worth 5,000 yuan and a 7 kW exchange worth 5,000 yuan.Charging Station(L7/L8/L9 three models); For L6, 10,000 yuan’s car purchase rights include 5,000 yuan’s deposit to deduct 10,000 yuan’s car payment and 5,000 yuan’s optional fund.
▍Musk said that FSD is expected to be approved in China before the end of the year, Robotaxi will be issued in October, and Model 2 will be launched in the first half of next year.
On July 24th, elon musk, CEO of Tesla, announced in the earnings conference call that Tesla’s fully automatic driving system (FSD) will be introduced to China, Europe and other countries after the release of version 12.6. Musk expects that after the relevant version is launched, the company will submit an application for approval to the regulatory authorities, and it is expected to be approved before the end of the year.
Musk said that the company plans to launch a more affordable model in the first half of 2025. When answering the analyst’s question, he didn’t disclose any specific information about the future car, so as to avoid the potential impact on the current sales. In addition, Musk also revealed that Tesla’s Robotaxi plan will be released on October 10. He explained that the delay in the release time was due to some adjustments he made to the vehicle design.
▍Hangzhou publicly solicited opinions and cancelled the application restrictions for regional indicators.
On July 24, the portal website of Hangzhou Municipal People’s Government released a message, an announcement about publicly soliciting opinions on "Several Measures for Optimizing the Regulation Policy of Passenger Cars in Hangzhou (Draft for Comment)". The time for public consultation is from July 24, 2024 to August 2, 2024. Mainly focus on five aspects, cancel the application restrictions of regional indicators; Cancel the qualification limit for vehicle renewal; Add other indicators of "lineal blood relatives"; Relax the application conditions for "long-term uncertainty" indicators; Cancel the reserve price of the target actual price.
Among them, individuals who have participated in the lottery of incremental indicators of passenger cars in this city for a total of 48 times or more, and who meet the eligibility conditions for applying for incremental indicators in this city, can apply for other indicators of "long-term miss", and at the same time cancel the reserve price of 10,000 yuan for the incremental indicators of passenger cars in this city, and other bidding rules remain unchanged.
▍Travel Association: From July 1 to 21, the passenger car market retailed 461,000 vehicles.
On July 24th, the Passenger Car Market Information Association released the sales data of July 1st-21st. On July 1st-21st, the retail sales of passenger car market reached 934,000, up 1% year-on-year and down 2% month-on-month. Since 2024, the cumulative retail sales have reached 10.774 million vehicles, a year-on-year increase of 3%. From July 1 to 21, the new energy market for passenger cars retailed 461,000 vehicles, up 26% year-on-year and down 2% year-on-year. Since the beginning of this year, the total retail sales have reached 4.574 million vehicles, up 32% year-on-year.
▍Radish running was exposed to price increases, and the unit price per kilometer tied the net car and still couldn’t get a car.
Recently, Baidu’s driverless taxi, Radish Run, exploded on the Internet, attracting many people’s riding experience with the two gimmicks of cheaper price and driverless driving. Recently, some media visited the site and found that radish running seems to have no advantage in price at present. It is understood that the media called a total of 24 radish runs in 2 days and successfully hit 6 times. Among these six orders, the paid-in price per kilometer is at least 1.60 cents and the highest is 1.98 cents. Besides the price is no longer advantageous, another problem of radish running fast is that it is difficult to take a taxi. The media waited for the bus for more than 10 hours in two days, and it was cancelled five times by the system because it could not get a taxi for a long time, and the waiting time for taking a taxi was seriously inaccurate. In this regard, the staff of the radish fast-running hotline replied: It is subject to the display on the car page.
▍The second generation AION V was officially launched, and many parameters attracted attention.
On July 23, the second generation of Guangzhou Automobile Ai ‘anAION VOfficially listed, a total of seven models were launched, with a price range of 129.8-189.8 million yuan. The second-generation AION V, which is newly designed, is characterized by its lightweight optimization in addition to its novel design. The application of new design and new materials brought about a 7% decrease in battery weight; The weight of powertrain decreased by 33%, the weight of integrated temperature control framework decreased by 48%, and the curb weight of new car did not exceed 1.8 tons. The second generation AION V is equipped with Orin-x chip, high-thread laser radar, 5 millimeter-wave radars and 11 vision cameras, which can provide intelligent driving assistance function without relying on high-precision maps. In addition, the intelligent driving scheme also introduces adaptive AI learning technology, which can update and optimize the driving path in real time and provide a safer and smoother driving experience. The owners of the second-generation AION V delivered before September 30th will enjoy one-year free charging and other rights.
▍Aouita 12 Extended Range Edition will be available soon, with a 1.5T range extender/pure battery life of 201km.
Fast Technology reported on July 23rd that Aouita brand will soon launch an extended version of its large car Aouita 12, which is expected to be launched in the fourth quarter of 2024. It is reported that this new car has completed the declaration process of the Ministry of Industry and Information Technology, and will be equipped with the same 1.5T engine as the Deep Blue G318 as the range extender, with a maximum power of 115kW and a pure electric cruising range of 201km. In terms of body size, the length, width and height of the new car are 5020/1999/1460(1450) mm and the wheelbase is 3020 mm, which is consistent with the pure electric version. In terms of power system, except for the 1.5T range extender, the maximum power of the driving motor of Aouita 12 extended range version is 231kW.
▍Berkshire Hathaway once again reduced its holdings of BYD, and its shareholding ratio fell below 5%.
On July 22, HKEx documents showed that Buffett’s Berkshire Hathaway reduced its holdings by 1.396 million shares on July 16, with an average price of HK$ 246.96, and its position ratio decreased from 5.06% to 4.94%. This is the 16th time that the HKEx has disclosed Berkshire Hathaway’s reduction of BYD shares since it first disclosed the reduction in August 2022.
Previously, some industry analysts believed that the reduction of shareholders holding less than 5% of shares did not need to be disclosed.,Once the shareholding ratio drops to 5%, (Buffett) will reduce its holdings faster.Until clearance..
It is understood that Buffett bought 225 million shares of BYD at HK$ 8 per share in September 2008. If dividends and other factors are not considered, according to the average price of the above 16 reductions of HK$ 228.57/share, Buffett has reduced his holdings by about HK$ 39 billion.
In May this year, Buffett was at the Berkshire Hathaway shareholders’ meeting.say: "BYD’s investment is similar to that in Japan five years ago. We rarely make such a big investment outside the United States. But in the future, we will take the United States as the main investment direction. "
▍BYD introduced Zhou Peng, the former head of Baidu’s intelligent driving technology.,"testing water" end-to-end
On July 22nd, 36Kr reported that Zhou Peng, the former head of Baidu’s cabin-driving integrated intelligent driving technology, had joined BYD to be responsible for the development of end-to-end large-scale model control algorithm. Zhou Peng is not affiliated with the Intelligent Driving R&D Center of BYD Planning Institute, but works in a department independent of the Planning Institute, which focuses on the application direction of intelligent driving algorithm. The report disclosed the organizational structure: the department and the intelligent driving R&D center have a peer relationship, with Han Bing as the head of the intelligent driving R&D center and Xu Lingyun as the head of the algorithm application department. Zhou Peng will report to Xu Lingyun. bynowBYD has not yet responded to this news.
▍The delivery of the new M7 Ultra in the world broke 30,000 in 50 days, setting a new record for delivery speed.
On July 22nd, Wenjie Automobile announced that the new M7 Ultra had delivered more than 30,000 units in 50 days, setting a new record for the delivery speed of new power models. Wenjie’s new M7 Ultra was launched on May 31st, with a price range of 289.8-329.8 million yuan. It is reported that it took 64 days to deliver 30,000 sets of its competing product L6.
▍Many BMW 4S stores asked users to raise the price to pick up the car, and BMW customer service center responded that it had authorized dealers to handle it.
According to the news of Jiupai, consumers in many parts of the country have reported that they have encountered the "overlord clause" of BMW. The previously scheduled BMW car was refused to be delivered by the 4S shop, and it was necessary to temporarily increase the price to pick up the car. In view of this situation, on July 21, a staff member of the customer service center of BMW headquarters said that the headquarters had authorized the dealer to handle the pre-sale and after-sale problems. If the consumer did not approve the dealer’s handling, the headquarters could assist the consumer to feed back to the store. The staff said that the official will give a vehicle guide price, but the specific price will be subject to the dealer. "This is the first time I have received this feedback." It said, "Every place has different policies and different preferential treatments."
▍CEO of BMW Brilliance responded to BBA’s withdrawal from the price war: ensure that all partners can earn enough money to live into the future.
On July 20 th, the news of Fast Technology, Dai Hexuan, CEO of BMW Brilliance, said, "The price is determined by the dealer as an independent business entity. BMW will keep intensive discussions with upstream and downstream partners to see how the sustainable business model should be carried out, so as to ensure that all partners can earn enough money and live to the future." Some competitors openly say that their pricing is lower than the cost. We will not judge whether it is correct or not for the time being, but at least we should be sustainable in the business model. " Dai Hexuan believes that competition is the driving force to carry out innovation and provide innovative products to customers at the same time, but all competitors need to abide by certain rules and compete fairly, so that competition can be sustainable.
▍Audi’s withdrawal price has been raised for two rounds two days after the war. Dealer: It will be raised next week.
Fast technology reported on July 20 that at present, all models of Audi stores have increased their prices by 10,000, with the highest price increase of 40,000. Some Audi stores have increased their prices twice in two days. Audi sales in a store in Beijing revealed that they received a price adjustment notice from the manufacturer on July 15, and Audi has raised the price for two consecutive days. At present, the notice is that the price of Audi will be raised from next week. In addition to Audi’s price increase, Mercedes-Benz has also increased its price this time. Some Mercedes-Benz sales revealed to the media that at present, some stores have withdrawn the price concessions in advance, because the price increase is a 100% inevitable event, and they are now informed that they will quit the’ price war’ and cut production. "
Author: Li Yanjiao
Source: First Electric Network (www.d1ev.com)
