Five kinds of minor criminal cases in Shanxi Province can be reconciled.

    On September 1st, the Provisions of Taiyuan People’s Procuratorate on the Application of Criminal Reconciliation in Handling Minor Criminal Cases (Trial) came into effect.


    Set the original intention, resolve social contradictions and save judicial resources


    Zhang, a middle school student in Xinghualing District, Taiyuan City, stabbed a person seriously in 2006. After accepting the case, the Xinghualing District People’s Procuratorate visited the victim and his relatives, and went to Zhang’s school to make a detailed study of his daily life. The procuratorate learned that Zhang is usually very dutiful, and although his academic performance is not very good, he has been rising steadily. Li, who was three years older than him before the incident, was bullied many times. After the parents learned about it, they took Zhang to the Li family to discuss the argument. However, Li was abusive to Zhang’s parents. Zhang was angry for a while and smashed Li into a serious injury. The two parties reached an agreement on civil compensation, and the Xinghualing District People’s Procuratorate finally made a decision not to prosecute.


    This case has become a typical case encountered by Taiyuan People’s Procuratorate in the exploration of criminal reconciliation system.


    "Such a child, just a moment of anger made an excessive move, subjective malignancy is very small. If he is sent to prison, his future life may be completely changed, and some teenagers will be’ infected’ again after being imprisoned, and they will completely embark on a wrong path. " Nan Li Ming Dow, Director of Public Prosecution Division I of Taiyuan Procuratorate, explained the original intention of the criminal reconciliation system.


    The "Regulations" determine that in the process of minor criminal cases, the criminal suspect can actively gain the understanding of the victim by pleading guilty, apologizing, financial compensation, etc., and reach a criminal settlement agreement with the victim. After confirmation by the procuratorial organ, the procuratorial organ will make a decision not to prosecute the criminal suspect.


    According to reports, in reality, if criminal sanctions are imposed on a large number of cases, under the existing judicial mechanism, both the offender and the victim are in a situation of mutual loss for a long time. For example, neighbors’ relationship, because one side’s head is broken and one side’s nose is interrupted at a moment’s quarrel, constitutes a minor injury. After the implementation of criminal sanctions, neighbors may die of old age, but it will increase social contradictions.


    "Frankly speaking, prosecuting all these cases will not only have a bad social effect, but also waste judicial resources. Regardless of whether the case is big or small and involves prosecution, all procedures are actually exactly the same. The whole procedure has to be taken once. " A prosecutor said.


    It is reported that from 2005 to 2006, Taiyuan City prosecuted 5,806 criminal cases with 9,223 people, among which 1,912 cases with 2,622 people were sentenced to fixed-term imprisonment of less than three years, accounting for 28% of the total number. There is considerable room for criminal reconciliation.


    Experts analyze the theoretical basis of criminal reconciliation


    According to Li Qi, an associate professor of Shanxi University Law School, criminal reconciliation has its profound theoretical basis.


    First of all, criminal reconciliation is the requirement of implementing the criminal policy of combining leniency with severity. There are various criminal cases, and the circumstances of the crime are light and heavy, which requires different resolution mechanisms for cases of different nature, so as to make the strictness strict and the leniency lenient. For those minor cases, the application of criminal reconciliation instead of blindly emphasizing the investigation of criminal responsibility can not only eliminate the opposing feelings of both parties, protect the rights and interests of the victims, urge the perpetrators to confess their sins and mend their ways, turn negative factors into positive ones, but also save judicial resources.


    Secondly, criminal reconciliation embodies the characteristics of China traditional culture. In the traditional culture of China, there is a spirit of "harmony is the most important". Reconciliation based on distinguishing right from wrong and consultation between the two sides is conducive to social stability.


    Thirdly, criminal reconciliation adapts to the trend of restorative justice in the international community. The focus of restorative justice is not the pursuit of punishment for crimes, but the pursuit of order reconstruction and social harmony. Procedurally, restorative justice also pays more attention to consultation and reconciliation. From the practical point of view, restorative justice has become a rising judicial reform movement in the international scope, and has also achieved remarkable results in preventing crimes, reducing judicial investment and safeguarding the interests of victims.


    Finally, criminal reconciliation is in line with the spirit of China’s current laws. China’s criminal law, criminal procedure law, etc., have some provisions on non-penalty punishment methods, mediation and reconciliation for minor cases. However, due to the lack of detailed legal provisions, the scope of application of these provisions and procedures has been greatly limited, and the positive functions have not been fully exerted. Therefore, it is very necessary to improve and refine the operating procedures.


    Scope of application Five kinds of minor criminal cases


    According to the "Provisions on the Application of Criminal Reconciliation in Handling Minor Criminal Cases (Trial)" promulgated by Taiyuan Municipal People’s Procuratorate, criminal reconciliation is applicable to minor criminal cases that meet one of the following circumstances: (1) The criminal suspect has a statutory lighter, mitigated or exempted punishment; (2) The criminal suspect is a negligent offender, a first-time offender or an occasional offender; (3) The criminal suspect is a minor, an elderly person or a student at school; (4) The victim is obviously at fault; (five) the case is caused by disputes between relatives and friends, neighbors, colleagues or classmates.


    In practice, criminal reconciliation can easily cause people’s worries about "buying punishment with money". In this regard, the head of the criminal reconciliation research group explained that although criminal reconciliation pays attention to protecting the interests of victims, criminal suspects, the state and society also benefit from it. Through criminal reconciliation, victims can be prevented from retaliating against criminal suspects and criminal suspects can be prevented from endangering society again, which not only embodies the protection of human rights, but also plays a positive role in controlling the occurrence of social crimes. Therefore, criminal reconciliation is a judicial idea and model to prevent crime from the victim’s point of view, which embodies humanistic care and social civilization and progress, and should not be misunderstood as "buying punishment with money".


    In addition, in criminal reconciliation, the "power" of procuratorial organs is remarkable. In this regard, the person in charge of the research group introduced that the procuratorial organ is a legal supervision organ. If the criminal suspect and the victim reach a settlement, they shall apply to the procuratorial organ for confirmation. The procuratorial organ is not the host of criminal reconciliation, but the supervisor of criminal reconciliation. In practice, we should try to avoid the interference of "public power" on the will of both parties.


    Procuratorial organs also have corresponding supervision and restriction mechanisms in the application of criminal reconciliation. If the grass-roots procuratorial organ intends to make a decision not to prosecute by applying criminal reconciliation to minor criminal cases, it shall be discussed and decided by the procuratorial Committee and reported to the Taiyuan Municipal People’s Procuratorate for approval; After accepting the request from the grass-roots procuratorial organs, the Taiyuan Municipal People’s Procuratorate shall report it to the procurator-general for decision or the procurator-general shall submit it to the procuratorial committee for discussion and decision.


    Link:


    ● What are the conditions for the procuratorial organ to confirm that the parties have settled?


    If the settlement agreement meets the following conditions at the same time, the procuratorial organ shall confirm that the criminal suspect and the victim have reconciled: (1) The criminal suspect pleads guilty and repents, apologizes to the victim, and makes corresponding commitments in writing; (2) The criminal suspect and the victim have reached a consensus on civil compensation matters, which have been fully fulfilled; (3) The victim expresses forgiveness for the criminal suspect.


    ● What happens when the procuratorate does not confirm that the parties have settled?


    If the settlement agreement has one of the following circumstances, the procuratorial organ shall not confirm it: (1) it infringes on the national interests, social public interests and the legitimate interests of other citizens; (two) against the true meaning of the parties; (3) Violating the prohibitive provisions of laws and administrative regulations.


    ● What corresponding supporting measures does the procuratorial organ have after criminal reconciliation and non-prosecution?


    Within one year after the implementation of the decision not to prosecute, the person who is not prosecuted shall regularly report to the procuratorial organ in writing his compliance with laws and regulations and his commitment. The procuratorial organ shall pay a return visit to the person who is not prosecuted and the victim. (Reporter Yuan Wei)


Editor: Wang Yuxi

Can I retire early in an internet company after working for 15 years?

Figure/vision china

Yangcheng Evening News reporter Shen Zhao

  In the internet industry, the word "retirement" has been out of the loop recently. This is very different from the "996" that people will think of when they mention Internet companies. The starting point of all this is that Tencent, the "Goose Factory", has recently announced that it will upgrade its employee care policy and introduce and improve employees’ retirement benefits. The above policies clarify the various rights and interests that Tencent employees can enjoy when they retire legally. Among them, at the node where they have been employed for 15 years, employees can choose to "retire early" even if they have not reached the retirement age, and enjoy the retirement benefits introduced before.

  "Early retirement" is what many young migrant workers dream of, and Tencent’s move can be described as a stone stirring up thousands of waves. However, the Yangcheng Evening News reporter found out that while netizens are discussing "employee benefits" and "anti-involution", words such as "working overtime as usual" and "35-year-old consensus" still occupy a large proportion.

  Internet giant wolf culture turn? "Anti-involution" and "Reducing Overtime"

  In recent years, in the fierce competition of the Internet, in order to get more output, workers in large factories have passively "rolled up", and the practice and argument of "big and small weeks" and "996 is a blessing" are not surprising. In this year, the big factories that have always advocated the "wolf-like" culture suddenly turned collectively this year, and started to cancel the big and small weeks one after another, and some even "strictly controlled" the overtime hours of employees.

  In June this year, Tencent’s Photonic Studio piloted the "first shot" against the "996" overtime culture. It was forced to leave work at 6 o’clock on Wednesday and leave the office no later than 9 o’clock on other working days. Overtime in violation of regulations will be punished. Many people think that this has given Internet companies a good start.

  Sure enough, three companies, Aauto Quicker, ByteDance and Meituan, quickly followed suit and cancelled the "anti-involution" mode. On June 24, Aauto Quicker took the lead in announcing that the week will be cancelled from July 1, and employees will work overtime as needed. The company will pay overtime wages to employees in accordance with relevant regulations; On July 9, ByteDance announced that it will cancel the week of size from August 1, and teams and individuals who need it from August can submit overtime applications through the system; On July 14, Meituan’s community group buying business Meituan Optimization was also exposed to cancel the size week.

  But in fact, after the above-mentioned companies announced the cancellation of big and small weeks, different voices appeared. For example, a previous survey in ByteDance showed that one third of employees supported the "big week" model. According to the company’s "big and small week" system, there are two Sundays to go to work every month, and double wages will be paid. For many employees, the cancellation of large and small weeks is equivalent to the cancellation of weekend overtime work with double wages for two days every month, and the monthly salary has been "generally reduced" by four days. According to the average monthly salary of 25,100 yuan in ByteDance, the loss of overtime pay for two days a month means that the salary will drop by 19% (nearly 5,000 yuan).

  Worried about "limiting overtime workload"? Implementing actions is more important than superficial compliance.

  The controversial point is not limited to this. For many Internet workers, the changes in the system seem to have no obvious impact on their work rhythm. In terms of pulse, some netizens expressed their concern: "Although the week of size has been cancelled, the workload is not small, and the off-duty time has become late. Now I walk one hour late every day."

  In fact, it is a fact that "996" is illegal. On August 26th, the Ministry of Human Resources and Social Security and the Supreme People’s Court jointly released a typical case of labor and personnel disputes over overtime, in which it was clearly stated that the "996" working system seriously violated the provisions of the law on extending the upper limit of working hours and should be deemed invalid. In this regard, some netizens expressed the hope that the "anti-involution" of Internet manufacturers will not only stay on the surface of compliance, but also be implemented in action.

  In this regard, Dong Yizhi, a special researcher of the Network Economic and Social E-Commerce Research Center and a lawyer of Shanghai Yida Law Firm, said in an interview with the Yangcheng Evening News reporter that the overtime problem of Internet companies is essentially related to the development model of Internet companies. Dong Yizhi said: "Although Internet companies in China have some innovations, their competitiveness in the international arena is still relatively weak. This mode of working overtime through employees is not recognized and advocated by everyone in the future. The adjustment of the current Internet giant is also a more realistic choice. "

  Zhang Yi, CEO and chief analyst of Ai Media Consulting, told the Yangcheng Evening News reporter that this restriction on overtime work by big manufacturers is generally a manifestation of their practice of social responsibility. But in fact, due to the fierce competition between internal and external manufacturers, in practice, a lot of work must be completed in time, making it difficult for employees to really reduce overtime.

  The welfare promotion measures of "anti-involution" are not limited to salary increase and equity incentive. 

  In addition to "reducing overtime", major Internet companies also introduced a number of employee welfare policies in the first year of "anti-involution" in 2021, including but not limited to salary increase and equity incentives.

  The job market in the Internet industry is highly mobile, and equity incentive is a sharp weapon for enterprises to attract talents. The higher the level of employees, the more attention they pay to equity/option rewards. On July 6th, Xiaomi issued a new stock incentive plan after the Young Engineer Incentive Plan awarded 3,904 outstanding engineers, and awarded 119.65 million shares of Xiaomi to 122 people, including technical experts, the first batch of entrepreneurs in the new decade and middle and senior managers.

  JD.COM announced in a high-profile way that from July 1, 2021 to July 1, 2023, it will take two years to gradually increase the average annual salary of JD.COM Group from 14 to 16, directly for two months. Once this salary increase notice was released, it immediately rushed to the top of Weibo’s hot search.

  The news of "the strongest employee benefits" comes from Tencent. On November 5th, Tencent officially launched the employee retirement treatment plan. The scheme shows that employees can enjoy customized souvenirs, long-term service thank-you money and retirement honor money at the same time when they retire legally. Among them, the long-term service thank-you payment is a fixed salary of 6 months, and the retirement honor payment is one of "service life payment" and "50% unreleased stock option".

  Soon after, Tencent once again publicly released the employee care upgrade plan, and proposed the "early retirement" plan for employees for the first time. Upgrade the employee’s "career milestone" to six important nodes: 1 year, 5 years, 10 years, 15 years, 20 years and legal retirement, and each node can enjoy different physical gifts or special rights. In the node where employees have been employed for 15 years, even if they have not reached the retirement age, they can choose to "retire early" and enjoy the retirement benefits introduced before. It is also this news that makes netizens "boiling".

  Is early retirement a "pie" or a welfare? How to break the "35-year-old consensus" of Internet companies?

  In fact, the Internet industry has always had an unwritten "35-year-old consensus". If a person is still working in a basic post over 35 years old, then he is easily "optimized". It is worth mentioning that Pulse Data Research Institute recently released a survey to sort the average age of employees in large Internet companies in China. The results show that the average age of employees in these companies ranges from 27 to 33. Among them, the average age of Tencent employees is the youngest among the old BAT (Baidu, Ali, Tencent), and the average age of employees is only 29 years old.

  Based on the above statistics, some analysts even think that the early retirement policy issued by Tencent is a welfare on the surface, but it is actually a pie. Even the deeper meaning behind it: I don’t want older employees to continue to occupy the pit. Therefore, for ordinary migrant workers with early retirement dreams, "is there any chance to retire?" "Is there enough money after retirement?" This is the real problem.

  In this regard, Zhang Yi believes that Tencent’s early retirement plan not only has one aspect for employees to consider, but also has one aspect for the enterprise itself. "A large number of old employees stay in this position, and newcomers have no more opportunities for promotion." Zhang Yi said that the Internet needs constant innovation. Tencent has gone through such a long course of 23 years, and it has fallen behind in innovation. Therefore, it may become an inevitable way for the healthy development of enterprises to increase innovation, increase the promotion of young people and let old employees retire early.

Metro Meicheng mooncakes can be returned and refunded, and the head live streaming host has caused heated discussions

Metro Meicheng mooncakes can be returned and refunded.

Recently, a mooncake has sparked extensive discussion on the Internet, especially involving the promotion of a well-known live streaming host. It is reported that the price of this Meicheng mooncake has soared from 59 yuan for 3 boxes to nearly double after the promotion of live streaming host. Live streaming hosts emphasize that it is made with high-end ingredients such as Hong Kong black truffles, trying to justify the high price. However, as consumers increasingly question the high price, many people choose to return it. Meicheng mooncake has been tough, refusing return requests and advising disgruntled consumers to complain to market regulators.

Metro Meicheng mooncakes can be returned and refunded.

The netizens reacted strongly to this, pointing out that as a producer and seller, Meicheng’s response to mooncakes is puzzling, and they also question the quality and actual value of its products. Especially when some people find that the price of 59 yuan, excluding packaging and other costs, the cost of actually using the mooncake itself may be negligible, causing people to use calculators to estimate for themselves.

Metro Meicheng mooncakes can be returned and refunded, and the head live streaming host has caused heated discussions

Despite the controversy, the live streaming host’s loyal fan base still shows strong purchasing power, ignoring the past history of live streaming host promoting problematic products, and resolutely bought up to 50 million worth of Maicheng mooncakes. At present, the live streaming host has closed the comment area and will no longer publicly respond to the matter, leaving the fan base may face disappointment.

Metro Meicheng mooncakes can be returned and refunded, and the head live streaming host has caused heated discussions

Some attentive netizens pointed out that Mei Cheng mooncakes have been sold for three consecutive years, but the previous two years did not specifically promote their Hong Kong background. Whether this year’s change is related to the new spokesperson has aroused speculation. This phenomenon is also reminiscent of the marketing strategy of separating the place of registration from the actual place of production, which has triggered a general discussion on the authenticity of the "import" label.

New cars listed in the 32nd week of 2022

Looking back at the new cars launched last week, Avita 11 is undoubtedly the most talked about model. The car was created by Changan Automobile in cooperation with Huawei and Ningde Times, and it is unforgettable with its bold and avant-garde shape. At the same time, Geely Binyue COOL was also launched last week. The car added a younger design language on the basis of Binyue, and replaced with a 1.5T four-cylinder engine, focusing on young consumer groups. In addition, Haval launched a new SUV – Haval Kugou, which has a hard and fashionable appearance. In addition to the above models, there are many new and modified models on the market. Let’s summarize the new cars listed last week and see if you like them!

1. 2023 Lynk & Co 01

Price range: 17.98-20 6,800 yuan

On August 8, the car quality network learned from the official that the 2023 Lynk 01 was officially launched, and the new car launched a fuel version of 3 models, with a price range of 17.98-20 6,800 yuan. As an annual model change, the appearance of the new car is basically the same as that of the current model, and the number of models has been streamlined. At the same time, some adjustments have been made to the configuration.

New cars listed in the 32nd week of 2022

New cars listed in the 32nd week of 2022

New cars listed in the 32nd week of 2022

The new car is very similar in appearance to the Lynk & Co 01 EM-F released not long ago. The front face of the new car still adopts a split headlight design, which is also a highlight of the Lynk & Co family. The Northern Lights full LED daytime running lights are located on the edge of the cabin cover, and the visual effect is very novel. In addition, the biggest highlight of the new car is the replacement of a new through taillight group, while also providing a two-color body design.

New cars listed in the 32nd week of 2022

Internally, the new car and the current model have not changed much. The overall black is the main one, highlighting the dynamic and fashionable atmosphere. With a variety of different materials as decorative panels, it looks full of class. Although the overall change is not big, the new car is equipped with a new electrified architecture, and the whole vehicle supports OTA upgrades, so it can be updated as needed.

In terms of power, the new car continues to provide a 2.0T turbocharged engine with a maximum power of 187kW. In terms of transmission, it is matched with an 8-speed manual transmission, and the high-end model also provides a four-wheel drive system.

2. Avita Technology, Avita 11

Price range: 34.99-40 9,900 yuan

On August 8, the car quality network learned from relevant channels that Avita 11 was officially launched, and the new car launched a total of 4 configuration models, with a price range of 34.99-60 million yuan. Among them, Avita 011 is the MMW (Givenchy creative director Matthew M. Williams) joint limited version of the model, providing only 500 units. It is reported that Avita 11 is jointly built by Changan Automobile, Huawei and Ningde Times, positioning a medium and large high-end pure electric SUV. The new car will be delivered to the first batch of owners in December this year. The first batch of deliveries of the long-endurance dual-motor luxury version will start from the first quarter of 2023.

New cars listed in the 32nd week of 2022

In terms of car purchase rights and interests, car buyers who pay 5211 yuan of intention money before October 31 and successfully convert to Dading can receive 6,000 yuan of personalized matching funds and free agency official license services (including cost and service fees). At the same time, car owners can also enjoy 5 years or 120,000 kilometers of vehicle quality assurance, 8 years or 160,000 kilometers of Sandian quality assurance, 10 years of unlimited mileage free road rescue, and a series of official dividends such as smart driving advanced package service (first owner). Please consult your local dealer for details.

New cars listed in the 32nd week of 2022

From the appearance, the front face of the Avita 11 is very futuristic, and there is no extra decoration in the middle net area, which looks very simple. The light group of the vehicle is located on both sides of the front face, and the overall design is split, and the shape is also very eye-catching. In terms of body size, the length, width and height of the new car are 4880/1970/1601mm respectively, and the wheelbase is 2975mm.

New cars listed in the 32nd week of 2022

On the side of the body, the Avita 11 shows a strong sense of power and movement. Although it is positioned as a medium and large SUV, the lines on the top of the car are similar to many hatchback cars, which is quite crossover style. Matching the 22-inch black two-color sports wheels is a set of all-aluminum 4-piston Brembo brake calipers, which is expected to have good performance.

New cars listed in the 32nd week of 2022

In the rear part of the car, the new car also combines the characteristics of the coupe and SUV models, retaining both sporty attributes and impressive momentum. The window size of the entire rear is small, and the design style is similar to that of many performance sports cars. The taillights are a clean and concise straight line. At the same time, there is an active lifting spoiler above the taillights, which can be raised at high speed to improve the stability of high-speed driving.

New cars listed in the 32nd week of 2022

In terms of interior, Avita 11 adopts a wrapping cockpit design. The entire center console is composed of two 10.25-inch high definition LCD screens and 15.6-inch high definition floating center touch screens for the main and auxiliary drivers, which are three-dimensional and layered. The vehicle seats are spliced together with Nappa leather and suede materials, and the rear seats are also available in a two-seat version, which supports electric adjustment, heating and massage functions.

New cars listed in the 32nd week of 2022

As a high-end intelligent pure electric SUV, the new car will come standard with intelligent voice interaction, emotion recognition, gesture control, fatigue monitoring, departure cabin perception, wireless charging of mobile phones, ultraviolet sterilization, 5G communication transparent chassis, panoramic image, driving recorder, sentinel mode, mobile phone Bluetooth key, NFC card key and other functions.

New cars listed in the 32nd week of 2022

In terms of power, the Avita 11 four-wheel drive model is equipped with Huawei Drive ONE dual motor system, with a maximum power of 425kW, a maximum torque of 650N · m, 0-100km/h acceleration of 3.98 seconds, and a maximum speed of 200km/h. In terms of battery life, the Avita 11 is equipped with Ningde Times ternary lithium battery pack. In terms of battery life, the Avita 11 is equipped with Ningde Times CTP ternary lithium battery, providing CLTC comprehensive working conditions 555km and 680km two battery life versions for consumers to choose from. With the 750V high-voltage power platform, charging for 10 minutes increases the battery life by 200km.

3. Dongfeng Fengxing T5 new model

Official price: 89,900 yuan

On August 8, we learned from the official news of Dongfeng Fengxing Automobile that the new model of its Fengxing T5 was officially launched. This time, only one model was launched, and its price was 89,900 yuan. The new car is consistent with the current model in appearance and power, only in terms of configuration.

New cars listed in the 32nd week of 2022

New cars listed in the 32nd week of 2022

New cars listed in the 32nd week of 2022

New cars listed in the 32nd week of 2022

As a new model, the new car still continues the styling design of the current model. The front face adopts a large-size air intake grille design, the interior is supplemented by dot matrix chrome-plated elements, and it is integrated with the headlights on both sides. The overall look is very delicate and fashionable. In the rear part of the car, the new car shape is relatively full, and the middle of the tail lights is connected by a silver chrome-plated trim, which further stretches the lateral visual width of the rear.

New cars listed in the 32nd week of 2022

In terms of interior, the new car also maintains the design style of the current model, and the whole is mainly practical. In terms of configuration, the new car is equipped with main/passenger airbags, tire pressure display, ABS, halogen headlights, LED daytime running lights, front/rear power windows, one-button lift of the whole car window, electric adjustment of the exterior rearview mirror, etc. In addition, the new car can also be equipped with Bluetooth/car phone, 9-inch touch center LCD screen, leather seats and reversing images.

In terms of power, the new car will continue to be powered by a 1.5T turbocharged engine with a maximum power of 115 kilowatts (156 horsepower) and a peak torque of 230 Nm. The transmission system is matched with a 6-speed automatic transmission.

Geely automobile official announcement! "sell"

K diagram 00175_0

  After the production and sales data in January excluded Ruilan Automobile, which triggered market speculation,On February 20th, it was officially announced that Zhejiang Jirun, a subsidiary company, had signed an agreement to sell all the shares of Ruilan Automobile for 504 million yuan.

Sell 45% equity of Ruilan Automobile

  According to the release on the Hong Kong Stock ExchangeOn February 20th, Zhejiang Jirun, a subsidiary company, entered into an agreement with Geely Qizheng.According to the agreement, Zhejiang Jirun agreed to sell and Geely Qizheng agreed to buy 45% equity of Ruilan Automobile at a cash consideration of RMB 504 million.

  Geely Automobile said that after the completion of the disposal, the Group will no longer own any equity of Ruilan Automobile, and it is estimated that the Group will record the proceeds from the disposal of approximately RMB 117 million.

  It is understood that Ruilan Automobile was established in January 2022 by Zhejiang Jirun and Geely Holding.Each contributed 300 million yuan, and the equity ratio was 50%. In June 2023, after Zhejiang Jirun jointly increased its capital to Ruilan Technology, its shareholding in Ruilan Technology increased to 55%, and that of Zhejiang Jirun decreased to 45%.

  After the latest sale is completed, Ruilan Automobile will be held by Lifan Technology and Geely Qizheng, 55% and 45% respectively. According to the announcement, Geely Qizheng is mainly engaged in investment holding business, which is wholly owned by Li Shufu, chairman of Geely Holding Group, and his contacts.

  Ruilan Automobile is mainly engaged in providing trams and services. Its products include Maple Leaf Series and Ruilan Series. Among them, Maple Leaf 80V, Maple Leaf 60S and other power exchange models mainly focus on the B-end market, while Ruilan 7 and Ruilan 9 mainly focus on the C-end market. The data shows that in 2023, Ruilan Automobile sold 38,000 vehicles.

Source: Ruilan Automobile official website

  Geely Automobile said that Ruilan Automobile is committed to establishing an intelligent power exchange ecosystem and providing competitive products and services to the market. It started the power exchange business in 2022. At present, the power exchange business of Ruilan Automobile is still in its infancy, and it is expected that the main resources and continuous capital investment will be used to develop the power exchange ecology and related infrastructure. In view of the Group’s competitive advantage in the China automobile market, the Group believes that most of its resources will be concentrated on support.Automobile growth and the sale of power exchange business can enhance the competitiveness of the Group.

Sales in January increased by 110% year on year.

  Since the beginning of the year, the sales volume of Geely Automobile has increased significantly. Data show that in January this year, Geely Automobile sold 213,500 vehicles, up about 110% year-on-year. Not only hit a record high, but also exceeded for the first time.Become the industry "sales crown" in January.

  Among them, Geely Automobile’s performance in the automotive field is remarkable. In January, the company sold 65,800 vehicles, up 591% year-on-year, accounting for 30% of the total, setting a record high. Specifically, the sales of pure electric vehicles were 36,300, a year-on-year increase of 306%; Plug-in hybrid vehicles sold 29,500 vehicles, a year-on-year increase of 49.19%.

  In terms of brands,The brand delivered 12,500 vehicles in January, a year-on-year increase of more than 3 times; The sales volume of Lectra was 28,000 vehicles, a year-on-year increase of 155%; Geely Galaxy series sold 19,000 vehicles, an increase of over 59% from the previous month.

  It is understood that after achieving sales of over 1.68 million vehicles in 2023 and exceeding the previously set sales target, the sales target of Geely Automobile will be 1.9 million vehicles in 2024, including about 800,000 new energy vehicles.

  On February 19th, Yan Jiayue, CEO of Geely Automobile Group, said that Geely brand will launch three new energy products this year, and Geely Galaxy will firmly create high-value new energy smart boutique cars with the price range of 100,000 yuan to 200,000 yuan for users.

[Press conference on promoting high-quality development series] Shanghai: Focus on the construction of five centers to promote high-quality development.

Cctv news(News Network): At the press conference on "Promoting High-quality Development" held today (March 28), the relevant person in charge introduced that Shanghai will continue to promote the construction of "five centers" and accelerate the construction of a socialist modern international metropolis with world influence.

According to reports, in 2023, Shanghai’s total economic output was 4.72 trillion yuan, and the total financial market transactions were more than 3,300 trillion yuan, ranking among the top cities in the world. For the 14th year in a row, the container throughput of Shanghai Port leads the world, and the port trade volume ranks first among cities in the world. The capacity of scientific and technological innovation has been continuously enhanced, and the city’s energy level and core competitiveness have greatly jumped.

In the future, Shanghai will actively promote new industrialization and build a number of world-class high-end industrial clusters. In-depth implementation of the promotion strategy of the Pilot Free Trade Zone, taking the lead in building an institutional system and supervision model that is in line with international high-standard economic and trade rules. Accelerate the construction of an international scientific and technological innovation center around strengthening the strategic source function of scientific and technological innovation.

Shanghai will also implement the national measures to completely lift the restrictions on foreign investment access in the manufacturing sector, implement the comprehensive pilot project of expanding and opening up the national service industry, support foreign-funded enterprises to invest more in key areas such as green development, digital transformation and scientific and technological innovation, and make it the first choice for global investment.