The 2023 World New Energy Vehicle Congress has been held in Hainan for 5 consecutive years, attracting attention from various parties. According to insiders, Xiaomi stores have begun to prepare for the layout of the exhibition vehicles, bringing Xiaomi’s cars one step closer to consumers. NIO’s acquisition of JAC assets is widely seen as positive, with analysts pointing out that this will bring significant benefits to NIO’s future development. Let’s take a look back at the hot topics on Weibo this week. Tao Lin shares Tesla’s sweeping US sales chart Readership: 297,000
Earlier, Tao Lin posted on Weibo: “Having excellent products is the best advertisement, and consumers’ choices are the most effective public relations.” The post was accompanied by a sales chart for Tesla in the first half of 2023, showing that Tesla’s sales of 325,291 vehicles far surpassed those of the 19 other competitors, and even the combined sales of all the competitors did not exceed those of Tesla alone. Netizens are discussing:
Tesla’s performance in the United States can be said to be outstanding, leaving its competitors far behind. This situation is somewhat similar to BYD’s leading performance, no wonder some netizens jokingly call Tesla the American BYD. Data is the best proof, not only in terms of sales, but Tesla’s cost management should also be paid attention to. Tesla’s executives have showcased their performance in the U.S. market, but we should shift our focus back to the domestic market. Let’s first take a look at the performance of Tesla’s Shanghai Gigafactory.
Tesla’s third-quarter financial report shows that the annual production capacity of the Shanghai Gigafactory has been increased to over 950,000 vehicles. Currently, the factory has achieved a localization rate of over 95% for parts, and an automation rate of over 95%, with a car coming off the assembly line in less than 40 seconds. According to Tesla, the Model 3 manufactured at the Shanghai Gigafactory has covered all global markets except North America, including Japan, South Korea, Australia, Thailand, Singapore, New Zealand, and all countries and regions in Europe; the Model Y mainly covers markets outside Europe and North America.
This year, the China-made Model Y has been exported to the Japanese and South Korean markets. As of now, Tesla’s cumulative sales in China this year have exceeded 527,000 vehicles, surpassing the total sales of Tesla globally in 2020. It can be said that no new energy vehicle company can or should ignore the existence of Tesla, especially the new forces in China. Even though many domestic car companies are performing very well now, when facing a competitor like Tesla, they still need to continue learning.
Compared to the increase in oil prices, the decrease in oil prices this time is indeed minimal, and the changes in travel and costs for fuel vehicle owners can be almost negligible. But no matter how small the reduction, it has formed a “5 consecutive decline” in the domestic refined oil prices. According to the current mechanism for the formation of domestic refined oil prices, the main basis for the adjustment of domestic refined oil prices is the change rate obtained by comparing the weighted average price of international crude oil prices for ten working days with the weighted average price of international crude oil prices for the previous period. The next adjustment window for domestic refined oil prices will be at 24:00 on December 19th this year. From the current situation, the possibility of further reduction is very high. Xiaopeng Motors announced that Volkswagen has completed an investment of over 5 billion yuan Views: 699,000
On December 6th, Xiaopeng Motors announced that Volkswagen’s investment in Xiaopeng has been completed by issuing a total of 94,079,255 new shares under general authorization, with a total subscription amount of approximately 7.056 billion US dollars. Netizens are discussing:
Xiaopeng’s successful technology monetization has provided strong cash flow support, and we believe that Xiaopeng will have more confidence in its future development. Will Xiaopeng wait for the day to transform into a giant bird? Let’s wait and see. Why did Volkswagen choose Xiaopeng? We have discussed this topic before. Regarding this successful cooperation, Stephan Wollenstein, the managing director of Volkswagen Group’s business in China, used four words to describe it: “strong collaboration.” “The cooperation with local partners is an important cornerstone of our ‘in China, for China’ strategy.
By joining hands with Xiaopeng Motors, we have another strong partner in the key technological field in China. By combining the core competencies of both parties, we can create synergies and bring new products that meet the unique needs of Chinese customers to the market faster.” Volkswagen’s performance in Europe and even globally has been very eye-catching in the past, but in the era of intelligence, especially in the Chinese market, it has started to appear a bit “weak,” while the field of intelligence happens to be the strength of domestic car companies. Xiaopeng has shown strong performance in the field of intelligence, such as its city NGP, highway NGP, and parking memory, which has successfully attracted the attention of Volkswagen.
In addition, other technological areas such as SEPA2.0 swing arm architecture, 800V high-voltage silicon carbide platform, and CIB battery pack chassis integration technology are also at the forefront. After the completion of this investment, in Class A common stock, Volkswagen’s investment represents 4.99%, other shareholders account for 76.51%, and in Class B common stock, it represents 18.5%, with a total of 1.885 billion shares. Volkswagen Group has obtained a seat as an observer on the Xiaopeng Motors board of directors. In addition, the official feasibility study of the two jointly developed B-class electric vehicle models by Xiaopeng and Volkswagen has yielded positive results and has been completed. Therefore, we can expect another wave, as the new models developed through the cooperation between Xiaopeng and Volkswagen will bring us more highlights to look forward to.
Xiaomi car conducted store display confirmation work, and will officially arrive in stores in the first quarter of next year. After completing the training of some city store managers, Xiaomi car has new developments in terminal sales. It is understood that some Xiaomi stores in Beijing, Shanghai and other places have started the confirmation work of displaying cars. Netizens’ Hot Discussion:
All is ready, just waiting for the right opportunity. Xiaomi’s car project is making steady progress according to its own schedule. Some think it’s too slow, but in the highly competitive new energy vehicle industry, Xiaomi is prioritizing stability for its first car model.
Xiaomi plans to assemble 300 cars by the end of this year, but it is not a mass production quantity. The mass production is estimated to start no earlier than the first quarter of next year. An engineer close to Xiaomi revealed that the new car is still in the production line debugging and verification stage, so the production volume is not the core goal at this stage, the important thing is to solve the problems encountered. Some details of the mass production were disclosed in the report.
Some problems occurred in the vehicle system, but some were solved through remote OTA and the presence of some R&D staff from the headquarters. More problems occurred in the manufacturing process, with frequent assembly line stoppages and delayed parts delivery. The report also stated that Xiaomi has planned three car models, which will be released in the next three years. The first two models are pure electric, with the codenames “Modena” and “Le Mans”, while the codename for the third hybrid product is “Kunlun”, which has already entered the design stage.
According to reports, on December 4th, the Ministry of Industry and Information Technology’s vehicle production enterprise credit information management system showed that NIO Inc. has obtained independent production qualifications. Netizens’ Discussion:
This change is significant for NIO, as it means that NIO has been included in the above management system as an independent vehicle production and manufacturing legal entity. Several NIO executives posted, “Today will witness history, and Weibo will temporarily stop updating.” In the “Directory Serial Number” column, the corresponding identifier for NIO is “214,” marking a substantial step for NIO. As early as the end of October this year, JAC Motors announced that the company plans to transfer some assets through public listing. The transfer involves the inventory, fixed assets, construction in progress, buildings, and land use rights of the three passenger car company factories, as well as the assets of the new bridge factory and equipment, with a listing price of 4.498 billion yuan, an appreciation amount of 286 million yuan, and an appreciation rate of 6.79%.
The two factories involved in the transfer of assets by JAC Motors are actually the two factories that JAC Motors and NIO cooperated on, namely the NIO F1 factory and the NIO F2 factory. It is also revealed that NIO may acquire the above-mentioned JAC Motors assets and further seek independent production qualification. The latest data released by NIO shows that from January to November 2023, the company has delivered approximately 142,000 new vehicles, a year-on-year increase of 33.1%; as of the end of November 2023, NIO has delivered nearly 431,600 new vehicles. The industry generally looks favorably on NIO obtaining independent production qualifications, with many analysts believing that this will be beneficial for NIO’s long-term operations and efficiency improvement. Will there be significant changes in NIO’s future products for consumers? Of course, the expectation is for them to get better and better. #2023 World New Energy Vehicle Conference# Reading Volume: 4.3 million
The 2023 World New Energy Vehicle Conference, jointly organized by the China Association for Science and Technology, the People’s Government of Hainan Province, the Ministry of Science and Technology, and the Ministry of Ecology and Environment, opened in Haikou, Hainan on December 7. The conference, with the theme of “openness, inclusiveness, cooperation, integration, and common development,” focused on the green and low-carbon development of the automotive industry, holding two main forums and multiple special forums, and releasing the “China Automotive Industry Green and Low-Carbon Development Roadmap 1.0.” Netizens’ hot discussions:
This is the fifth consecutive year that the World New Energy Vehicle Congress has been held in Hainan, showing the vigorous development of China’s new energy vehicle industry and the high attention paid to new energy vehicles by the global market and industry. Government officials and experts from the United States, Germany, the Netherlands and other countries attended the conference. During the conference, Hainan will hold a special forum on the development of new energy vehicle cities, marking the first time that Hainan Province has held a special event in the form of a forum on the development of new energy vehicle cities.
Domestic leading automotive companies, core component manufacturers, industry research institutions, and association representatives will discuss new trends and challenges in the development of new energy vehicle cities, and explore the experiences of urban development and internationalization of new energy vehicle development. New energy vehicles include, but are not limited to, pure electric vehicles. For example, the Haima 7X-H, which has the production qualification for passenger cars and new energy vehicles as a local vehicle in Hainan, brought the Haima hydrogen fuel cell vehicle 7X-H.
As the first 70MPa hydrogen fuel cell MPV in China, the Haima 7X-H is equipped with a fuel cell system developed based on the second-generation electric stack of Toyota Mirai, with a peak power of the fuel cell stack increased to 128kW, and matched with a peak power of 200kW drive motor, equipped with a 70MPa high-pressure hydrogen storage tank, and a range of 800km, with hydrogen refueling taking only 3-5 minutes. However, due to current technology and infrastructure limitations, hydrogen fuel vehicles have not spread as rapidly as pure electric vehicles.
But as one of the future development areas, the development prospects of hydrogen-powered vehicles are also very promising. This year’s conference also set a public open day for the first time, free and open to the public, inviting the public to enter the World New Energy Vehicle Congress to understand the new situation of new energy vehicles and “zero distance” experience the new energy new life; and will hold multiple concurrent activities, such as the 2023 Global New Energy Vehicle Frontiers and Innovative Technology Selection, the Youth Automotive Science and Technology Carnival and the 2023 Youth Automotive Unlimited Creativity Collection Activity Annual Ceremony.
Recently, a popular internet celebrity tested the fuel consumption of the Formula Leopard 5 at 18 liters per 100 kilometers, which is far from the official promotion, causing hot discussion among netizens. Subsequently, Formula Leopard Car Official Weibo issued a statement in response to the matter, stating that the police need to obtain evidence in the case of “Yao * Qiang suspected of driving a motor vehicle at a speed” on November 28, 2023, and obtained relevant vehicle operation data. 1. There were 3 road sections with speeds exceeding 180km, and 6 road sections with speeds exceeding 170km; 2. The proportion of speeds between 140-160km exceeded 46%, and the proportion of speeds between 120-140km exceeded 37%, with speeds exceeding 160km accounting for over 4%. 3. Abnormal parking time was found on certain sections of the highway. Netizens’ Hot Discussion:
Fuel consumption seems to be just a set of data measuring vehicle energy consumption, but it is related to all aspects behind the data. The data released by the car companies are based on evidence and they dare not fabricate it. Even if there are discrepancies, they will not be particularly outrageous. Otherwise, where is the credibility? Where is the fair competition? What about the law and industry ethics? Speeding is definitely not right, and the police also responded in a timely manner on their social media account, saying that they have received a large number of reports from netizens about “a certain blogger speeding.” We will verify it as soon as possible.
Thank you for the reports and supervision from netizens. We will announce the results at the first time. However, some netizens also questioned whether it is reasonable for car companies to disclose user driving data. “Although it is to restore the company’s reputation, does it mean that the manufacturer can have access to all the travel data of the driver at any time?” “Whether this data is legal or illegal, it should be issued by the police.” In response, some lawyers believe that the retrieval of driving data this time is based on the requirements of the traffic management department, so this behavior complies with legal regulations. However, before the traffic management authority issues an official notification, the car companies’ voluntary disclosure of relevant data may be suspected of violating user privacy and data compliance policies.