The cause of the incident was that on June 7, Baidu’s wholly-owned subsidiary Dazi County Bairuixiang Venture Capital Management Co., Ltd. invested and established Jidu Technology Co., Ltd. with a registered capital of 2 billion yuan. The legal representative is the CEO of Jidu Automobile. Xia Yiping’s business scope includes sales of new energy vehicles, new energy vehicle production and testing equipment, and so on.

But it is worth noting that the Jidu Technology Co., Ltd., which was solely funded by Baidu, is not the previously known Jidu Automobile.

As we all know, Baidu and Geely jointly established Jidu Automobile in March this year, with Baidu and Geely holding 55% and 45% of the shares respectively.

So why does Baidu set up Jidu Technology in addition to Jidu Auto, and does Geely know about this?

At present, Baidu has responded that Jidu is a technology-based automobile startup invested and established by Baidu and Geely. Based on the current business development needs of the company, the shareholders of both parties have jointly decided to register the company in Beijing, the company’s future shareholding structure and Operation and management methods will be further communicated to the outside world after specific information is available.

In short, the state of Baidu’s sole proprietorship is only temporary, and the company’s equity ratio and operating ownership will be further adjusted in the future.

But it is intriguing that Geely has not responded to this so far.

Because of this, many people in the industry have also speculated whether Baidu might leave Geely aside and build cars on its own.

However, from the perspective of Kung Fu Motors, it is unlikely that Baidu will build a vehicle solely at this time.

For Baidu, Geely chose Geely because Geely has strong core technology and advanced manufacturing capabilities, including industry-leading car-building architectures such as CMA and SEA Haohan.

In particular, the SEA Haohan architecture released in September last year is a pure electric original architecture with user travel experience as the core. It realizes the trinity of hardware layer, system layer, and ecological layer. It has the world’s largest bandwidth and is the world’s most efficient smart electric vehicle solution. The plan is to create a highly customized and evolving zero-boundary intelligent travel experience for users. Using Geely’s established platform architecture, design and R&D, supply chain and factories, Baidu only needs to develop and redefine software on a mature platform, and use user thinking and experience thinking to easily build a different smart car.

One is a leading domestic Internet company, and the other is the largest domestic brand auto manufacturer. The cooperation between Baidu and Geely can be described as a cross-regional strong alliance of leading forces in different fields. It is precisely based on this that Baidu has no need to jump out and do it alone.

In addition, Jidu Automobile CEO Xia Yiping also publicly disclosed the new progress of car manufacturing recently. He said that Jidu Automobile will unveil a concept production car at the 2022 Beijing Auto Show. The appearance and interior design of the vehicle have been basically determined, and it is initially expected to accept reservations next year. Therefore, this is definitely not the time to leave Geely flying solo.

Kung Fu Make a Case

To be sure, Baidu currently has no plans to build cars solo. Judging from this large amount of more than 2 billion, Baidu is determined to win the first model. This new model that combines the advantages of the current two major domestic giants is also worthy of our continued attention.

Behind the scenes of Khanh Van’s evening dress swing After the semi-final night of Miss Universe 2020, Miss Khanh Van released a behind-the-scenes video recording her practice scene with an evening dress called “Breaking Dawn”. 24 hours before the final of Miss Universe 2020, Mr. Tran Viet Bao Hoang – CEO, national director of Miss Universe Vietnam – shared a series of unpublished behind-the-scenes photos of Khanh Van. In the photo, Miss Universe Vietnam 2019 burst into tears because of hand and shoulder pain after trying on the Ken Em costume. The embroidery and stone details of the costume also made Khanh Van’s leg bleed. Stylist Tran Dat and his team prepared more than 100 dresses for Khanh Van to bring to the US. Behind-the-scenes photos reveal that the 26-year-old beauty used to be so tired that she had to lie down during the process of preparing clothes to put in a suitcase. The dress samples for Vietnamese representatives are carefully prepared, fully arranged with accessories, jewelry, shoes… The investment team takes close-up photos for all the costumes Khanh Van wears. to compete in Miss Universe 2020. Sharing with Zing from the US, Mr. Bao Hoang said that Khanh Van’s mood is very good. After the semi-final night, the 26-year-old beauty prepared well for the final on the morning of May 17 (Vietnam time). In the livestream chatting with the audience after the national costume contest, Khanh Van said she wasn’t sure how far she could go, how far she could get to the top, but she was confident that she had put all her efforts into it. make every effort to give the best impression of representing Vietnam. Sharing about the process of preparing for Miss Universe, Mr. Bao Hoang said that the crew applied the tactic of “hiding” information about Khanh Van for the past year, only providing information, causing explosive communication effects. in the last 20 days before the competition. Answering Zing, the national director of Miss Universe Vietnam said that the above tactic was effective.

Kate Winslet Kate Winslet is selling a four-bedroom penthouse about 280 square meters in New York (USA) after a long lease for $ 30,000 / month (about 700 million / month). This is the first time that fans have been shown close-ups of the star’s whereabouts Titanic. The apartment is modernly designed with a beautiful view in the center of lavish New York City. The common point of this attic apartment is that natural light is fully utilized because the owner uses a lot of glass as well as choosing white tones, so every room is bright. Kate Winslet chooses light-toned furniture with great comfort. The actress prefers minimalist designs, prioritizing maximum use. Kate Winslet uses a lot of large wall shelves to store things, making the house more spacious and tidy. A special feature is that this penthouse is used by Kate Winslet a lot of wood from the maple tree with natural brown tones. From the floor, bed, dining table, kitchen cabinet … all use this type of wood, all with a coarse design. Kate Winslet also takes great care of the kitchen as well as the bathroom area with lovely design and the most modern and convenient equipment. It can be said that this is anyone’s dream residence. According to Celebrity Net Worth, the 46-year-old British actress currently owns a fortune of about $ 65 million.

In addition to red rice flowers like many other countries, in Laos there are yellow rice flowers. The flowers bloom in clusters, the flower is round and many petals, like a lanky flower, like a lantern that is upside down. The Indian ambassador flowers are scattered in the home garden as an ornamental, grown on the street. In Vientiane, this season is the golden color of the Indian ambassador. February, the tree begins to shed its leaves. From the spindly branches, bunches of flowers began to bloom. When they are in full bloom, hundreds of porcelain trees have created an impressive golden drawing of flowers running in the middle of the newly opened street. Passersby, many people stopped the car to take photos and videos as souvenirs. Another species of flower, which looks just like a yellow apricot in Vietnam, when it is in full bloom, is planted a lot in gardens, outside alley for decoration. The Laotians call it the Lo-Slot-Sa-Van flower, which means the flower expresses the dream of paradise. Noong-buc Street is impressed with rows of yellow flowers for 2 km. The yellow flowers proudly blooming against the blue sky of Laos. The splendid beauty of Solomon’s Litchi flowers against a white cloudy blue sky. The spindly branches with buds look like Yen Tu yellow apricot forests in spring. Lokkhe savan flowers bloom brilliantly like southern yellow apricot flowers but the flower is much larger. When the Lokhe savan flower blooms, it is also the time of young buds, giving the homeowner the hope of a happier and happier new year. In addition to red rice flowers (Moc Mien), there are many yellow rice flowers in Laos. From the streets to offices, temples. From March, the trees are deciduous, and the flowers begin to bloom. From March, golden rice flowers bloom in clusters, resembling lanterns. The yellow-orange color of the lotus flower also contributes to the impression of a few kilometers in front of the Lao National Stadium. The flower is orange-yellow, like a speck of fire in the white and blue sky. These bright yellow flowery walls always make Vientiane streets more brilliant in the sun./.

Tesla owners’ rights protection incidents at the Shanghai Auto Show continued to ferment. On the evening of April 21, the General Administration of Market Supervision issued a document stating that it had instructed the market supervision and management departments of Henan Province, Shanghai and other places to safeguard the legitimate rights and interests of consumers in accordance with the law. At the same time, it is emphasized that enterprises must earnestly fulfill their main responsibility for quality and safety, and provide consumers with high-quality and safe products and services.

The China Consumers Association issued a response stating that the primary prerequisite for business operations is to respect consumers, and enterprises should implement product quality responsibilities in accordance with the law, and take effective measures to protect consumers’ safety rights. Tesla also spoke again, urging to appoint a third-party testing and appraisal agency to conduct appraisal and restore the truth.

According to the latest news, Tesla has provided relevant data.

At the same time, the China Market Supervision News, which is in charge of the State Administration of Market Supervision and Administration, disclosed the data one minute before the vehicle accident and made a text explanation.

The full text of this text description is as follows:

When the driver stepped on the brake pedal for the last time, the data showed that the speed of the vehicle was 118.5 kilometers per hour. Within 2.7 seconds after the driver stepped on the brake pedal, the maximum brake master cylinder pressure was only 45.9 bar. After that, the driver increased the stepping on the brake pedal, and the brake master cylinder pressure reached 92.7 bar. The front collision warning and automatic emergency braking function were activated (the maximum brake master cylinder pressure reached 140.7bar) and played a role, reducing the amplitude of the collision. 1.8 seconds after the ABS was applied, the system recorded the occurrence of the collision. After the driver stepped on the brake pedal, the vehicle speed continued to decrease, and before the collision, the vehicle speed was reduced to 48.5 kilometers per hour.

Source: China Market Supervision News

In summary, the vehicle is running at a higher speed, and the driver starts to depress the brake pedal with a lighter force. After that, the automatic emergency braking function is activated and has a function, which improves the braking force and reduces the impact of the collision. The driving system is normally involved in the work and reduces the speed of the car.

In addition, with regard to the condition of the vehicle 30 minutes before the accident, Tesla stated this: In the 30 minutes before the accident, the driver drove the vehicle normally and had more than 40 records of depressing the brake pedal. At the same time, the vehicle has repeatedly stopped at more than 100 kilometers per hour and multiple times.

In fact, Tesla, which is caught in the turmoil of rights defense, is also facing pressure to acquire land and expand. Recently, an industrial land mark located in the Lingang Heavy Equipment Industrial Zone of the Shanghai Free Trade Zone, which is adjacent to the Tesla Super Factory in Shanghai, has been interpreted by the market as a new site for Tesla’s expansion.

A reporter from Securities Times·e Company recently visited Tesla’s Shanghai Super Factory. The security in the factory area has been upgraded, and trucks loaded with domestic Tesla have driven out of the factory without interruption. Construction has begun on the suspected landmark plot near the super factory.

“Recent rights protection incidents at the Tesla Auto Show objectively have an impact on the corporate investment image. Even the subsequent expansion and expansion of production, it is necessary to pay attention to the impact of public opinion.” A Shanghai auto industry person told reporters that if It is Tesla who has taken the landmark, indicating that corporate funds and strategies may be under pressure to achieve such goals, or that it has no intention of expanding in the short term. However, it is expected that there will be various land acquisition actions in the future. The rights protection turmoil has not ceased for the time being, and the prospects of the stale land are still unclear. Whether Tesla can continue to stabilize the Chinese market deserves attention.

There are multiple security personnel at the entrance of the factory

A large area of ​​white exterior walls and red arched doors are located in front of the Tesla Super Factory in the Lingang New Area of ​​Shanghai Free Trade Zone. Private cars and employees have entered the factory one after another. The road at the entrance of the factory is empty, and the construction scene of the previous roar of forklifts is no longer visible.

On the afternoon of April 21, a reporter from the Securities Times·e Company saw at the exit of the super factory that many transport vehicles were fully loaded with domestic Tesla and were leaving the factory without interruption. In the open space outside the factory, there are hundreds of new cars that have just left the production line. “The first and second phases of the factory are basically completed, and the production capacity is expanding rapidly. We are now in a three-shift all-weather mode, and people are required 24 hours a day, and we are still hiring people.” A Tesi who came out of the factory Pull employees told reporters. Regarding the current rights protection incident at the Tesla Motor Show, the employee said: “It will definitely affect us, but we don’t have much to say about it.”

The degree of Tesla’s attention is positively correlated with the strict degree of security at the Shanghai Gigafactory. The reporter noticed that two security posts were arranged at the entrances of the first and second phases of the factory. At least 3 staff members wearing red hats and fluorescent green vests are on duty at each entrance. On both sides of the road far away from the door, there are staff from time to time patrolling. Whenever a visitor approaches the factory door, the staff will take the initiative to ask or intercept. “Security will only be stricter during this time.” A security officer said, and told reporters that photographing is prohibited at the entrance of the factory.

In addition, the reporter noticed that there are still cranes under construction near the second phase of the Tesla Gigafactory, and the steel structure on the roof of the plant has been basically completed. “This may be the third phase, or the 2.5 phase, and some workshops will be built to meet production needs.” A worker told reporters.

According to Tesla’s previous EIA information report, the company currently has 4 projects in Shanghai, namely the Tesla Gigafactory Plant Project, the Gigafactory (Phase 1) Phase 1 Project, and the Phase 1-Parts Production Process Improvement Project. , The new model launches the project in advance. Among them, the first phase of the Super Factory (Phase I) project is constructed in phases, divided into two phases, A and B. At present, Phase A has been built and Phase B is under construction.

As the production capacity of Tesla’s Shanghai Gigafactory continues to increase, the delivery of Tesla’s electric vehicles has also increased. According to Tesla’s 2020 financial report, a total of 499,500 vehicles were delivered throughout the year, which is only one step away from the 500,000 vehicles goal set by Tesla CEO Elon Musk. In the financial report, Tesla revealed that the annual production capacity of the Shanghai Super Factory Model 3 is capable of maintaining more than 250,000 vehicles. Model Y production has started at the end of 2020. It is currently in full production and is expected to have an annual production capacity of 200,000 vehicles.

Road construction has begun on suspected land

When the Shanghai Super Factory was operating at full capacity, Tesla reported the news of expanding the factory. In early March of this year, the official website of Shanghai Land Market issued an announcement on the transfer of state-owned construction land use rights, stating that it would sell a piece of industrial land in Lingang Heavy Equipment Industrial Zone with a total area of ​​about 461,000 square meters. The permitted industry type of the plot is the manufacture of new energy vehicles, and it is adjacent to the second phase of Tesla’s Shanghai Gigafactory. It is speculated that it is a new site for Tesla’s expansion.

However, the reporter found that the current transaction status of the plot is “flow mark”. On March 30, the official website of the Shanghai Land Market showed that the industrial land located in the Lingang Heavy Equipment Industrial Zone was not won by the sole bidder. The official website of the Shanghai Land Market did not disclose which car company the bidding applicant was. A reporter from the Securities Times·e Company asked the relevant person in charge of Tesla for verification on this matter, and no response was received as of the time of publication.

On the afternoon of April 21, the reporter went to this industrial land in Nicheng Town, Pudong New District. According to the data, the industrial land extends to the N01-04 plot in the east, Canghai Road in the south, N01-03B plot in the west, and Wanshui Road in the north. The land that is not visible at a glance is still in a barren state, and several bulldozers, road rollers and cranes are working in turn, and the dust is flying. “Here is to build a road. We are already piling here.” A construction worker told reporters. “We had a meeting with people from Tesla, saying that the road was first repaired, and we don’t know what the other land is going to do.” A staff member who came to inspect the construction site told reporters .

“Industrial land itself is not expensive, and the premium rate for general transactions is within 5%, so there are relatively few cases of lost bids or lost auctions.” Yan Yuejin, research director of the Think Tank Center of E-House Research Institute, said in an interview with a reporter from the Securities Times·e Company If there is a failure to bid, it may indicate that the low price is too high, or the company initially intends to acquire land, but because of the low expectations of subsequent input and output, it chooses to give up. “Follow-up may have to make adjustments in land prices and other aspects, especially the need to actively inquire about the willingness of relevant companies to acquire land.” Yan Yuejin said.

Why did the land with a starting price of over 500 million yuan fail the bid?

The reporter consulted the transfer information of the plot, and the seller was the Management Committee of the Lingang New Area of ​​China (Shanghai) Pilot Free Trade Zone. The total area of ​​the plot is 461142.4 square meters and the period is 50 years. The starting price is 518.79 million yuan, and the price is increased. The margin is 5 million yuan.

“Similar plots are close to Tesla’s existing plant. Logically speaking, Tesla will usually get the land. If other new energy vehicles get land in the surrounding area, it doesn’t seem to make sense.” A person in the auto industry told reporters. It can be understood that Tesla has re-adjusted the mode of strategic expansion in the current special period, in other words, eased the acquisition of land.

From the perspective of industrial land, Yan Yuejin believes that the land needs to meet the requirements of local governments for investment promotion and industrial planning. If similar requirements are not met, land transactions may also face pressure.

One detail that can be paid attention to is that the land project requires a total fixed asset investment of no less than 6.88 billion yuan, an investment intensity of no less than 14,925 yuan per square meter, and a full-scale sales income of no less than 5 years after the land is handed over. 75 billion yuan per year, and the total tax revenue for reaching production is no less than 2 billion yuan per year. With reference to Tesla’s revenue in China in 2020 reaching US$6.662 billion (approximately RMB 43 billion), there is still a gap between its annual sales revenue of 75 billion yuan.

In addition, when building the Shanghai Super Factory, Tesla also disclosed that the company signed a 50-year land lease agreement with the Shanghai local government. If the payment is not made on time, the land must be returned to the Shanghai government. Tesla needs to complete an investment of 14.08 billion yuan (approximately US$2 billion) in the Shanghai factory in the next five years. At the same time, starting from the end of 2023, Tesla’s Shanghai plant must pay 2.23 billion yuan (approximately US$323 million) in taxes each year.

“The flow standard can be seen from two aspects. One is whether the Shanghai government’s policy on Tesla has changed. Two years ago, the conditions given for the introduction of Tesla were very favorable. Tesla’s sales and profit margins in China They are all very good, so if the second land project is given to Tesla, the conditions may not be as favorable as before.” Zhang Xiang, an auto industry analyst, told reporters that, on the other hand, other car companies are not excluded. Want to bid. Due to Tesla’s entry into Lingang, related suppliers have also been attracted to form a new energy automobile industry chain. The industry environment is relatively mature, and other companies participate in bidding, and the price of bids has also risen.

Tesla’s “attack” under the rush of production capacity

Behind the rights protection incidents and the land flow mark, Tesla, which has been advancing all the way, seems to have gradually faded. In July 2018, the official announcement announced that the Tesla Gigafactory, which plans to produce 500,000 pure electric vehicles per year, will be located in the Lingang area of ​​Shanghai.

In January 2019, Tesla’s first overseas factory officially started construction in Shanghai, with a planned production capacity of 250,000 vehicles in the first phase, with a total production capacity of up to 500,000 vehicles, and a total project investment of 50 billion yuan.

With the completion of the Tesla Super Factory in Shanghai, the domestically produced Model 3 and Model Y ushered in a rapid increase in production capacity, and repeated price cuts have also catalyzed the peak sales of Tesla’s domestically produced electric vehicles. In addition, this year, Tesla’s Shanghai Super Charging Pile Factory has been completed and put into production, with an initial planned annual production capacity of 10,000 V3 Super Charging Pile. Tesla’s layout in the Chinese market continues to deepen.

“We produce cars. In the long run, China will become our largest market and the place where we produce the most vehicles and have the most customers.” Musk said frankly in a recent interview with the media. In 2020, Tesla’s revenue in China was US$6.662 billion, a year-on-year increase of 123.6%, accounting for 21% of total revenue. In 2018 and 2019, Tesla’s revenue in China was US$1.757 billion and US$2.979 billion, accounting for 8.19% and 12.12%, respectively.

In terms of sales volume, Tesla delivered 185,000 vehicles worldwide in the first quarter, of which, Tesla sold 69,280 vehicles in China in the first quarter. Judging from the existing sales data, Tesla still occupies the top position of the Chinese market share. In terms of stock price, Tesla went from 80 US dollars in early 2020 to 800 US dollars in early 2021. Its share price has doubled tenfold in one year, and its market value has led global auto companies.

However, the ensuing problem is that Tesla has frequent safety accidents. The “brake failure” rights protection incident at the Shanghai Auto Show is not an isolated case. According to media statistics, since 2020, different media have exposed more than dozens of brake failures and spontaneous charging problems of related car companies’ products, which occurred in Beijing, China. Shanghai, Hangzhou, Guangzhou, Shenzhen, Nanchang and many other places. In addition, similar accidents have occurred in Europe and the United States. Musk himself does not shy away from talking about Tesla’s quality problems. He once said that Tesla’s quality will be worse than the stable period during production acceleration, and it will be difficult to achieve perfection if the output is to rise linearly.

“The Tesla auto show rights protection incident reflects Tesla’s quality control problems in a larger sense. The brake failure is directly related to its autopilot system, which involves the car’s hardware and software. There is a trial for new things. The process of error, for Tesla, is that it did not try out all the errors of the autopilot system and hurried mass production and commercialization. The mistakes made in the development of a technological product may be tolerated, but the mistakes made in the development of automotive products This kind of error can lead to traffic accidents and even loss of life.” An auto industry analyst told reporters.

The domestic new energy vehicle market is expected to flourish

When Tesla is plagued by negative public opinion, it is also facing heavy grips from new car manufacturers, luxury car brands and even intelligent solution suppliers.

Take this year’s Shanghai Auto Show as an example, players from all walks of life will firmly occupy the outlets of new energy vehicles. BYD released the new e-platform 3.0, a pure electric car codenamed EA1 and the X Dream concept car; Geely Automobile exhibited the luxury safari pure electric coupe Krypton001; SAIC Motor launched high-end intelligent pure electric vehicles Zhiji L7, LS, etc. Among the newly unveiled electric models, the battery life of more than 400km has become standard, and some high-end electric vehicles can reach a range of more than 600km, and the electric performance such as fast charging and acceleration has also continued to evolve.

New car manufacturers such as Xiaopeng and Weilai brought new models to their debut. Overseas brands also released SUV models taking into account the preference and demand of the Chinese market. In addition to the release of new vehicles by automakers, intelligent solution providers such as Huawei and Baidu have brought related software and hardware products such as autonomous driving and intelligent electric vehicles. The arena of the new energy vehicle market is more diverse.

The sales data in March this year showed that the new forces in domestic car-making have picked up. Huabao Securities analysis pointed out that Weilai Automobile delivered 7,257 new cars in March, and its sales performance was relatively stable when orders continued to be fully produced, with a month-on-month increase of 30.1%; Xiaopeng and Ideal both returned to growth in March. The month-on-month growth both exceeded 100%. Although this year’s electric layout of traditional car companies and Tesla’s price cut competition, new car manufacturers still remain sufficiently competitive. In addition, the giants of traditional car companies have also accelerated their deployment in the field of new energy. The market is expected to form a diversified development trend of new car manufacturers and traditional car companies.

“There are more and more new models built by the same industry, and Tesla may be threatened.” Zhang Xiang, an automotive analyst, told reporters for example. Many years ago, Tesla could run 400 kilometers on a single charge, while other domestic cars could only run. 100 kilometers, but now, some new car-building forces can run more than 700 kilometers on a single charge, which has exceeded Tesla’s cruising range. “When competing with peers, Tesla has shown fewer and fewer advantages. This is a challenge to Tesla.”

[Reporter’s Observation]Will Tesla’s development strategy in China change?

The haze of the rights protection storm has not dissipated, and Tesla has other problems that need to be answered. In Tesla’s in-depth deployment of the Chinese market, and when lowering prices and increasing volume, other electric vehicle brands have different development strategies, and the momentum cannot be underestimated.

The CITIC Securities Research Report pointed out that the “individualized” design and positioning trend of self-owned brand new cars is clear. It is expected that the core competitiveness of auto companies will shift from “cost control” to precise positioning and precise marketing in the future. New car-making forces are expected to seize the opportunity and gain a higher share in the wave of “intelligence” of electric vehicles, relying on faster response and more accurate market understanding. The electrification transformation of joint ventures/overseas brands will further provide new supply for the domestic new energy vehicle market and open up the industry space.

In addition, on the one hand, intelligent solution providers can help automakers optimize the driving experience of their products through technologies such as autonomous driving and smart cockpits; on the other hand, they can penetrate into electric components such as electric drives, thermal management, and BMS, and improve through digitalization. Efficiency and cost reduction will help automakers build “good cars.”

“At that time, the introduction of Tesla played an important role in driving all aspects of the domestic new energy automobile industry chain. In the long run, we support the development of advanced technologies and enterprises with demonstration effects in the country. In the short term, the enterprises have inappropriate Cui Dongshu, secretary-general of the National Travel Association, said in an interview with a reporter from Securities Times and e Company.

More than two years ago, Shanghai introduced Tesla, and the Tesla Shanghai Super Factory was built, completed and mass-produced domestic Tesla cars at an unprecedented speed. Two years later, the new energy vehicle market is already unique, but Tesla “stalls” due to multiple quality and safety accidents. Will Tesla, which is eager to occupy the Chinese market, change its development strategy in China?

“As the world’s largest automobile market and one of the countries with the fastest penetration of new energy in the world, China should be a strategic market for Tesla. Tesla needs to continue to increase its efforts in the Chinese market. Tesla’s challenge lies in China’s domestic market. The rise of new power brands and the dimensionality reduction attacks of potential competitors, such as the addition of smart players such as Apple and Xiaomi, will pose a greater threat to Tesla.” Liu Kun, China partner of Reese Strategic Positioning Consulting, told reporters that Musk’s The strategic intent is to subvert fuel vehicles, so Tesla will continue to expand the mass price market. This also brings another problem. Downward extension will dilute and obscure Tesla’s high-end perception, and Tesla may no longer represent high-end For electric vehicles, the high-end market also has a strategic opportunity to establish another purer high-end electric vehicle brand.

Time is changing, the conflict of rights protection has not ceased for the time being, and the prospect of stale land is unknown. Can Tesla continue to stabilize the Chinese market? Will Tesla’s expansion in China be delayed, and whose land will be sold to the market? Securities Times·e company reporters will continue to pay attention.

Biden intends to levy on the rich

Up to 43.4% capital gains tax

According to Bloomberg News, not only for companies, the Biden government also plans to increase taxes for high-income groups. According to people familiar with the matter, US President Biden will propose to nearly double the capital gains tax rate for the wealthy to 39.6%. Coupled with the existing investment income surcharge, this means that the federal tax rate for investors may be as high as 43.4%.

The person, who asked not to be named, said that the plan will increase the capital gains tax rate for people with an income of $1 million and above from the current 20% to 39.6%. The plan has not yet been made public.

Jack Ablin, founding partner and chief information officer of Cresset Capital Management, said: “Biden’s proposal actually doubles the capital gains tax rate.” For long-term investors, this is a huge cost increase. If investors think that the proposal may become law next year, they can expect to sell it this year. ”

This proposal may overturn a long-standing clause in the tax law that the tax on investment returns is lower than the tax on labor. In his campaign, Biden advocated balancing capital gains and income tax rates for the rich. He said that many of the rich pay lower tax rates than middle-class workers, which is unfair.

Biden is expected to announce this proposal next week as part of the tax increase to fund social expenditures in the upcoming “American Family Plan.”

Then White House Press Secretary Jane Psaki said that Biden believes that the expenditures (planned by American families) may come from the richest people, but the plan has not yet been finalized.

This is the first time that the media has exposed the Biden government’s specific tax increase targets for the wealthy. Prior to this, it was mainly to increase taxes on enterprises.

On the 7th of this month, Biden delivered a speech in Pittsburgh, the place where his 2019 presidential campaign began, and officially announced plans for infrastructure and economic recovery of more than 2 trillion U.S. dollars. The day before the Pittsburgh speech, the White House announced the details of the tax increase plan. Two of the tax increase measures to prevent the outflow of corporate profits have been the most aggressive-increasing the corporate income tax rate from 21% to 28%; The “global minimum tax” (“global minimum tax”) has been increased from the current 13% to 21%.

After the 15 trillion infrastructure plan

Biden may have another 6.5 trillion new plan!

According to Reuters, the capital gains tax increase proposal for the wealthy is mainly to provide financial support for the upcoming American Families Plan, which is expected to be around US$1 trillion, or approximately RMB 65,000. Billion.

The main measures of the plan include helping American workers learn new skills, expanding subsidies for childcare, and allowing everyone to receive free community college tuition.

According to Market Watch, Biden may officially announce the plan as early as April 28. So far, the White House has not provided details. But White House Press Secretary Jen Psaki confirmed that Biden will discuss the plan at a predetermined location in Congress next week.

According to CNBC, the plan will be distinguished from the US$2.3 trillion (approximately 15 trillion yuan) infrastructure plan. The main source of funding for the previously announced US$2.3 trillion infrastructure plan will be to raise the corporate tax rate to 28%.

U.S. stocks diving

The Dow plunged 400 points intraday

The news that the capital gains tax might be doubled, and the stock market reacted violently.

On the one hand, the market is worried that the rich may sell stocks before the capital gains tax rate increases (even if the increase in capital gains tax is still very uncertain); on the other hand, because the market expects that if the tax rate really increases, the enthusiasm of the rich to trade stocks will be Greatly reduced.

The Dow quickly dived from 34,126 points in intraday trading, hitting a low of 33717 at one time, and slumped about 400 points in intraday trading. Near the end, the Dow rebounded and closed down 0.94% or 321.41 points.

In the plate, the Nasdaq and S&P 500 became popular, but they also dived after the news of tax increases. As of the close, as of the close, the S&P 500 index fell 0.92% to 4134.98 points. The Nasdaq index fell 0.94% to 13,818.41 points.

Worried about selling by the rich

Technology stocks fell

Technological tycoons are a very typical group of wealthy people with more capital gains. Their capital gains come from the original holdings of the founders, equity incentive plans, and so on.

If the expected increase in capital gains gains becomes stronger, the more likely it is that technology stock holders will sell technology stocks in advance. Therefore, on Thursday, local time, when the market dived, technology stocks also generally fell.

Among the large technology stocks, Tesla fell 3.28%, Facebook fell 1.64%, Microsoft fell 1.31%, Amazon fell 1.58%, and Apple fell 1.17%.

Among chip stocks, Micron Technology fell 3.34%, Nvidia fell 3.32%, TSMC and Intel fell nearly 2%, and Broadcom fell more than 1%.

During the epidemic, the rich set a record

The fastest growth rate of wealth in human history

Since 2020, the impact of the new crown pneumonia epidemic on the world has long exceeded the health field. The virus itself and the measures that have to be implemented to prevent the epidemic have plunged the global economy into recession. The United Nations even issued a report saying that the new crown epidemic may cause the world to lose 10 years of development results, and the most vulnerable social groups will be most affected.

So, what about the wealthiest group?

On April 6, Forbes released the 35th “Global Billionaires List”. The data showed that during the epidemic, the wealth of the rich community ushered in unprecedented growth. This time, the number of billionaires on the list reached 2,755, with total assets of 13.1 trillion US dollars, both breaking historical records. Among them, the number of rich people on the list is 660 more than the previous year, and the total assets are more than 8 trillion U.S. dollars, and it is the first time that it has broken the historical mark of 10 trillion U.S. dollars.

Behind the wealth growth of the rich are the soaring stock market and large-scale economic stimulus programs launched by various countries. Take the United States as an example. The Fed’s unprecedented stimulus measures have propped up the stock market and pushed up asset prices. The wealthy who can buy financial assets can continue to maintain their value and increase in value, but not only does the wage growth of the working class fail to keep up with the investment and operating income of the rich. With the growth rate, there is often a dangerous working environment to continue working for the rich.

Regarding this “spectacle”, “Forbes” called it: “the fastest increase in wealth in human history.”

When Citigroup announced its financial report, it said that the company plans to “double its bet on wealth” management business and will focus its energy on international hubs where high-income groups gather: Singapore, Hong Kong, UAE and London. At Bank of America, driven by the strong stock market, the account balance of wealthy customers surged by 31% to a record US$3.5 trillion. Morgan Stanley’s new assets under management have also increased significantly.

Citigroup’s new CEO Jane Fraser told analysts, “I can talk about this for a few hours – I think we are in a very good position in wealth management.” She said that focusing on major markets means “we The capital, investment and other resources of the company can be better deployed to capture opportunities for higher returns in the wealth management field.”

According to the Bloomberg Billionaires Index, the world’s 500 richest individuals increased their wealth by US$1.8 trillion last year, reaching a total of US$7.6 trillion. In the United States, the economic recovery affects the people in an extremely uneven way: rising stocks and housing prices have pushed many Americans to become wealthier, but nearly 10 million people are still unemployed. Some people call it “K-shaped recovery.”

Batchelder, who served in the Obama administration, has long advocated the use of tax laws to reduce income inequality, especially the gap between the rich and the poor between races. She called for a substantial increase in inheritance taxes, and has written articles on wealth taxes for high-net-worth individuals and financial transaction taxes on stocks and bonds.

She and David Kamin, deputy director of the National Economic Council, mentioned possible tax reforms in a 2019 paper entitled “Taxing the Rich: Problems and Options”. In addition to abolishing the “basic incremental” inheritance tax, it also includes taxing the capital gains of wealthy Americans at a higher income tax rate and imposing a minimum tax rate on large companies.

According to people familiar with the matter, according to Biden’s 2020 election policy, part of the tax increase proposals currently planned or under consideration by the White House include raising the corporate tax rate from 21% to 28% and the personal income tax rate for income exceeding $400,000. Increasing and expanding the coverage of inheritance tax will increase the capital gains tax rate for individuals with an annual income of at least $1 million.

Batchelder conducted a study earlier last year. Americans estimated that they would inherit a $764 billion inheritance in 2020, and the average tax payment would only account for 2.1%.

Biden’s White House economic team is determined to honor his campaign promise to increase taxes on the rich, because more and more data show that the wealthy Americans are financially well during the epidemic. Last year, the wealthiest 1% of American households increased their wealth by more than $4 trillion.

Teacher Li Xunlei once analyzed that the root cause of the fiscal problems in the United States is that in the past four decades of globalization, the multiple tax avoidance of multinational corporations and the wealthy has greatly reduced the government’s ability to obtain tax revenue. While multinational corporations and executives are grabbing a lot of benefits in the process of globalization, they reduce taxable income in the home country through complicated related transactions between subsidiaries in various countries, and transfer profits to countries with lower tax rates as much as possible, thereby realizing reasonable tax avoidance . In 2018, the average effective tax rate for the 400 wealthiest households in the United States was 23%, one percentage point lower than the 24.2% for the bottom 50% of households in the United States. In other words, while enjoying the dividends of globalization, the affluent class refuses to bear related responsibilities. The US fiscal problem is also another manifestation of the increasing polarization between rich and poor.

What is the impact on the stock market?

GF Macro’s Zhang Jingjing team previously analyzed that in March, the Biden administration kept revealing the details of infrastructure and tax increase policies? The Biden administration may intend to release risks in US stocks during the year.

Infrastructure and tax increases may end the bull market logic in US stocks after the financial crisis. The financial crisis caused the U.S. real estate bubble to burst. The subsequent low interest rate environment and tax cuts stimulated U.S. stock repurchases and created a U.S. stock technology bull market. The ultra-low interest rates during Trump’s tenure also made U.S. stock valuations continue to refresh and the Nasdaq bubble burst. After the new high. Infrastructure construction will stimulate the real economy, and superimposed real estate is still in an upward cycle. It is expected that the US inflation center will be higher than before the epidemic (2012-2020) in the next 5-8 years, and inflation factors will have a positive impact on risk-free interest rates. Tax increases will weaken corporate profits and repurchase willingness.

In the third quarter, the Fed is likely to cut QE, and then there will be greater risk of US equity adjustment; Biden revealed details of infrastructure and tax increases or intends to release US stock risks during the year. In other words, in the context of high valuations and monetary policy changes, Q3 US stocks inherently have greater risk of adjustment. At present, the Biden administration continues to release details of tax increases and infrastructure policies or deliberately releases negative signals in advance and squeezes out the U.S. stock bubble when the monetary policy is officially turned.

Once the risks of US stocks clear up and regain gains next year, the Democratic Party’s victory in the 2022 midterm elections will also increase. Since the 1980s, U.S. stocks have the highest probability of falling in the first two years of each presidential term. Although there are economic factors, it also shows that the previous presidents were least concerned about the performance of U.S. stocks in the early days of office. On the contrary, the decline can depress the base and deliver better performance in the middle of their administration. Transcript”.

Amid the cool green of the bamboo baskets, the gardens of the trees, the flowers gently tilted down to the countryside like a young woman shyly watching herself in the mirror preparing to go on a date and have fun. Thus, the village is also adorned with freshness and softens the hearts of people. Spending easy-to-grow and wrong flowers is like a periwinkle, calmly dedicated to giving life a gentle beauty, algae, with bold countryside. The six-winged flowers bloom and spread their arms as if preparing to fly up to welcome the sunshine and wind of the village. The oval petals with golden pistils in the middle give off a pleasant scent. Since the spring rains sow seeds, gardenia begin to incubate buds. Until the moment of harmony is about to welcome summer, the sunshine is spreading over the tops of the trees and groves, the new garden leaves bloom and show off a white shirt with innocence like a pupil. Savanna is nourished from the gentle brown land and takes the cool springs of the countryside and grows up. Because of that, the flower just silently has a pure and pure look. The children who went to store the shrimp while waiting for their prey to catch the wild gardenia on the banks of the ditch suddenly burst out in amazement and delight. Interrupting a few bunches, they gleefully brought back as gifts and divided equally for friends. Flowers pressed on the pages of the book, flowers arranged in jars for the study desks. Night. The sound of frogs in the ditch echoes the echoes of the echoes. My sister visiting her hometown kept praising her for being so beautiful. Then she insisted on extracting a branch and brought back to the city to be planted in pots placed in front of the balcony of the house. But surprisingly, the same variety, that is only a plant that comes into a beautiful pot, the tree suddenly becomes lost and helpless. Cramped wind is blocked by high-rise buildings with cramped spaces that are not enough to take the scent away. Is it possible that only when standing in front of the open, gentle and dedicated space can you show off all the beauty of your countryside? But the tree is only used to standing on the banks of the ditch, the hedge, in the midst of nature so that the flowers can still boast in the green and cool green background. It is also strange that the trees on the street are carefully cared for, but the flowers do not have much fragrance. In a busy and noisy place on the street, how many people are there to watch? Quiet country night. Only the moonlight sparkles as if diligently pouring nectar into the flowers. Then, just a little breeze swinging to create a sweet scent that wakes so many hearts that can’t sleep. No noise, brilliant and arrogant, just humbly a simple, pristine color, devoting quietly to the warmth from human love, from the sweetness of the land. Immense in the sunshine and wind, innocence spread Soon the beautiful petals will close to make room for the young fruit. When ripe, the fruit is a valuable medicinal herb that has the effect of heat and food coloring. Every time there is a mother, my mother is always cooked The plates of yellow sticky rice stained with seeds reserved under her mother’s skillful hands are both delicious and eye-catching. Every lane and canal with lovely white flowers blooming full of beautiful childhood memories. Dedicate, gentle names like petals dedicated to souls who are devoted to their homeland.

Conveying the romantic spirit through a variety of vibrant and sweet shades, NARS’s spring 2021 limited edition collection Euphoria and the Air Matte Blush cream blush line will be released this month. 3. During the bustling days of spring, don’t hesitate to let your face shine as brightly as possible by applying soft, creamy Air Matte Blush blush colors, with impressive shades on your cheeks. The cream mousse formula turns into a velvety-smooth powder upon contact, combined with a cloud-based diffusion effect to instantly spread the perfect color for a smooth, natural surface. This blush contains Jojoba gel that evenly pigments on the skin, and passion fruit oil enhances the antioxidant capacity. 8 shades of Air Matte Blush can match perfectly with the Air Matte Lip Color, which was launched last fall, creating a range of youthful and elegant makeup styles suitable for Asian women. Euphoria Face Palette chalkboard includes 8 eye colors in 3 textures: satin, smooth, and shimmer, next to 3 sparkling highlighter boxes. All 11 palettes in the Palette feature an improved powder formula containing the Euphoric Color Complex – a mixture of light-reflecting pearls and pure colored particles, providing perfect light catchment at any angle. degree. Two other indispensable cosmetics in this collection are Euphoria Face Dew – creative cream and Afterglow Lip Shine – colored lip gloss. If the cream is light and light, for dewy skin, the new formula of raspberry seed oil and pomegranate seed extract provides a moist, mirror-like shine. Euphoria Face Dew – innovative cream for moisturized and glowing skin Afterglow Lip Shine includes 8 striking lip gloss colors Posts: Beautiful Beauty

Do you know which bullet points are the top priority in becoming an expensive girl? Not a Summerrmes bag. Nor is it a brand outfit. Incredibly simple, you just need to be a girl with clean, beautiful and always dry hair. That is no tangle, no ruffles, no sweat, no oil shine.

You need to learn to work with combs and dryers to make sure your hair stays beautiful.

A little tip for you in this case is to use a variety of supportive products. Nowadays, dry shampoos (Oribe Dry Texturizing Spray) absorb oil from the roots of your hair, making your hair look like it has just been dried, bouncing beautifully. But that’s just to deal with an emergency, you need to learn how to work with combs and dryers to make sure your hair stays beautiful.

Healthy skin ruddy

Make yourself a routine to take care of your skin to look healthy and radiant.

Skillfully conceal skin fatigue with skin care creams that contain sunscreen and moisturizing ingredients. Make yourself a routine to take care of your skin to look healthy and radiant. Always keep your face fresh at any time and anywhere because no one must be attracted when faced with a pale face and lack of vitality, right ?! Another little secret is to always have a bright lipstick, just a few lipstick can erase the tired look on the face.

There is a free “skin consultant”

There are free skin specialists at the cosmetic counters at the department store.

At the cosmetic stalls at the department store, people often let you try your products for free. Or they always have a free makeup program for customers when buying products. But the problem is not with those things, but being friends with programs like that will be like you have your own skin therapist, always ready to advise on the health of the skin, at the same time suggest appropriate care.

No need for too many accessories, just “Statement Necklace”.

No need for a huge diamond ring, just befriend the “statement necklace” is enough!

No need for a huge diamond ring. No need to install all kinds of fashion accessories. No need for a big accessory cabinet. Just making friends with the “statement necklace” is enough! Statement necklace is the common name of a large necklace, with all materials. Easy to match, luxurious and elegant, suitable for many situations as well as many costumes. It helps you to immediately impress the opposite person, its unique and eye-catching looks are always great pluses that make you a truly shining girl.

Keep your appearance always neat and tidy

Do not think that it is only hard when going to the party, but normally it is not okay.

Check the clothes before wearing: The shirt is wrinkled, discolored, stained … are all details that accuse you of being negligent and lazy in taking care of your appearance. You think that you only work hard when going to the party, but normally it is not okay, then grab a wrinkled T-shirt in the closet or even stick with a white shirt that turns into a color of “porridge” but not yet. see it off? This is a serious mistake that will block your beauty work!

Uni5 confirmed to fight The Heroes 2021, the mighty fanclub of 6th Sense’s boy band flocked to the fanpage of the contest “causing storms” to comment, fully support for 5 big chicken of Dong Nhi family – Mr. Cao Thang. Many fans wait for the idol’s explosion and are determined to support “at all costs” for the idol to win the championship.

Storm comment came from Uni5 fans when the boyband confirmed his participation in The Heroes.

The talent contest has not yet started, fans have promised an intense voting for “pet chickens” Mr. Cao Thang – Dong Nhi.

Possessing a huge fan base and diverse roles among group members, Uni5 has many advantages in the race. The Heroes 2021. Besides the main vocals Toof.P and Luc Huy, the role of Rap by KO, Tung Maru and Cody also promises to bring many “breakthroughs”. In particular, at The Heroes, the dance strength of the whole group will be fully promoted.

Join the race The Heroes 2021 With the companionship of Producer Nemo, how will Uni5 take advantage of good vocals, impressive rap and choreography, especially the group’s composing ability? Fans and TV viewers should not forget to watch episode 1 of the show, which will air at 9:15 p.m. on May 23, 2021 on VTV3. All information about the program is updated in Electronic Journal SAOStar – Fanpage The Heroes – Idol idol and Youtube channel Viva Network.