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Click to enter 2021 Yabuli China Entrepreneurs Forum | Sohu Finance

On June 9, the 21st Annual Meeting of the 2021 Yabuli China Entrepreneurs Forum was held in Yabuli, Heilongjiang. Wang Chuanfu, Chairman and President of BYD Co., Ltd. attended the meeting and delivered a speech.

Wang Chuanfu said that persistence is a very important characteristic of entrepreneurs, but persistence has many difficulties behind it. BYD has a green dream since its establishment, which is the responsibility and mission of the company. In 2008, BYD put forward three dreams: solar energy, energy storage, and electric vehicles.

“We made a vision film in 2008. After the film was shot, many people couldn’t understand it. Because in 2008, when we talked about electric vehicles and energy storage power stations, everyone was shaking their heads. When BYD entered electric vehicles, our stock price dropped. 40%, but we did not give up, we are still sticking to it. This is BYD’s vision and we have been sticking to it.”

Wang Chuanfu pointed out that 72% of China’s oil depends on imports, and 70% of the imported oil comes to us ashore through the South China Sea. Of all the oil in China, 70% is used for transportation a year, and our cars consume 70% of our oil in China. It can be seen from the three 70% that electric vehicles must be developed vigorously. China has more urgency to develop electric vehicles than any other country. Therefore, as an entrepreneur, we have no rights. We know that this is a responsibility, and we can only solve it with technical methods

On June 10, at the 2021 Global Smart Logistics Summit, Alibaba CTO and Cainiao Chief Technology Officer Cheng Li announced that Cainiao will invest 1,000 logistics unmanned vehicles into campuses and communities, and revealed that Alibaba Dharma Academy and Cainiao has initiated the definition and research of open road unmanned logistics trucks.

Under the background of building vehicles in the whole industry, starting from the familiar logistics scene, and then moving to the unmanned truck freight track, it is undoubtedly the embodiment of Ali’s wisdom. Moreover, Ali’s car-building ambitions are not limited to “third-party” empowerment, especially in passenger cars. Ali not only invested in Xiaopeng, but also jointly established Zhiji Auto with SAIC and Pudong New Area, placing heavy bets. The reason may be due to self-confidence in its own autonomous driving technology.

In fact, there have been companies involved in the field of unmanned trucks, whether it is domestic Tucson Future, Pony Smart, Mainline Technology, or foreign Mercedes-Benz, Google, and even Tesla. With Ali’s entry, this field will become more active. At least, with the support of Cainiao’s data and the accumulation of autonomous driving technology of Dharma Academy, Ali should also make achievements in the field of unmanned trucks.

Didi goes public in the U.S., IPO is imminent

On June 10, U.S. Eastern Time, Didi Chuxing formally submitted an IPO application to the U.S. Securities and Exchange Commission (SEC). It plans to list on the Nasdaq Stock Market or the New York Stock Exchange under the ticker symbol “DIDI”. The amount is tentatively set at 100 million U.S. dollars.

It is understood that Didi’s IPO will raise approximately US$10 billion in funds and seek a valuation close to US$100 billion. If the listing goes well, Didi will become the largest IPO of a Chinese company in the United States since Alibaba raised $25 billion in its IPO in 2014.

From the perspective of capital, Didi seems to be a “unicorn fed by capital.” Since the day of its establishment, Didi has conducted 23 rounds of financing, with a total amount of more than 20 billion U.S. dollars. Moreover, it is Didi’s shared bicycle Qingju (valuation of US$1.9 billion), autonomous driving business (valuation of US$3.4 billion), Didi Cargo (valuation of US$2.8 billion), and Orange Heart (valuation of 1.8 billion US dollars). U.S. dollars) and other subsidiaries, the total valuation has reached nearly 10 billion U.S. dollars, not to mention its main business that occupies most of the Chinese travel market share.

In addition, Didi also defines autonomous driving, shared travel platforms, car service networks, and electric vehicles as four core strategic sectors in its prospectus. It is not difficult to see that Didi also intends to keep up with “car making”. After all, its related travel business scenarios have just solved the “mass use” demand of pure electric smart cars.

HKUST iFLYTEK has a thunderstorm, iFLYTEK’s input method is delisted, stock price plummets On June 11, iFLYTEK had a thunderstorm. Not only did the stock price drop by nearly 9.6% on that day, it was also a hot search on two microblogs called “XiTi”. The reason for this is that “the iFlytek input method was removed from the shelves of major mobile application markets” was the fuse that triggered the “thunderstorm” incident of iFlytek. Tracing back to the source, as early as May 1 this year, in the “Notice on the Illegal and Illegal Collection and Use of Personal Information by 33 Apps including Input Method” published by the National Internet Information Office, the iFLYTEK Input Method was “out of the top” and improperly collected users. Information problem. Judging from the current results, iFlytek’s rectification measures for the past one month do not seem to be in place. Therefore, the removal on June 11 is a further legal measure by the competent authority. But what is thinking is that if iFLYTEK is removed from the shelves today, will there be another XX input method coming out tomorrow? Excessive collection of user information has long become a common occurrence. But what is even more frightening is that some people are using the collected information to meticulously weave “Trumen’s world” one after another. While building information cocoon rooms, they are selling “false” beauty. But the good news is that people’s awareness of privacy is getting stronger and stronger, and the continuous removal of input methods will be a good start. Blue Origin sells its first commercial space travel ticket for $28 million On June 12, 2021, local time, an unidentified bidder bid for US$28 million (approximately RMB 180 million) to bid for Blue Origin, a space travel company owned by Amazon founder Bezos. Tickets for the first manned space flight. According to the plan previously announced by Blue Origin, the winning bidder will take the “New Shepard” (New Shepard) into space together with Bezos and his brother Mark on July 20 to embark on the first commercial tourism in space. It is reported that the first manned flight of the “New Shepard” will carry four passengers, including Bezos, Bezos’ brother, the winning bidder in this auction, and the fourth person will be announced later. On May 5 this year, Blue Origin announced the sale of a ticket for the first space cruise through an online auction. The initial bid for this ticket was 4.8 million U.S. dollars, but it exceeded 20 million U.S. dollars in the first few minutes of the auction. According to reports, the auction proceeds will be donated to Blue Origin’s education-focused non-profit organization “Future Club”, which provides support to young people interested in future science and engineering careers. BYD President Wang Chuanfu clarified “Persuade Lei Jun not to build a car” On June 13, at the 2021 China Automotive Chongqing Forum, BYD President Wang Chuanfu made a special clarification in response to his remarks three days ago that he advised Xiaomi not to build cars. Wang Chuanfu said: “There are reports that BYD persuades the founder of Xiaomi Technology Lei Jun not to build a car. This is wrong. Lei Jun and we have a very good cooperative relationship. We OEM a large number of Xiaomi phones and are strategic partners.” According to media reports, on June 10, Wang Chuanfu said at the Yabuli China Entrepreneurs Forum: “There are not many companies that have the advantage of making cars. Lei’s total investment of 100 billion yuan may be a loss of money and a waste of time.” No The young media interpreted it as “Wang Chuanfu advised Lei Jun not to build a car.” In general, this incident may not be counted as an Oolong by BYD. Moreover, the news of Lei Jun’s visits to major car companies continues, and BYD is also unable to push the partners who have been sent to the door. But the strategic direction and time-consuming thinking is indeed something that companies like Xiaomi need to do. Although, with the blessing of various large flows, the “cake” of “car building” is getting bigger and bigger, but cars must not only be built, but they must also survive. As President Wang Chuanfu said, there are three key points for making a car to “survive”. The first is to have core competitiveness; the second is to have a very precise strategy; and the third is to have a rapid decision-making mechanism. New energy vehicles are a new thing, and there are many routes, but if the route is skewed, it may suffer heavy losses. Cruise receives US$5 billion support from GM, and Waymo raises another US$2.5 billion On June 16, GM officially announced that GM Finance will provide Cruise with a $5 billion multi-year credit line to help the operation and expansion of Cruise Origin’s self-driving fleet. GM’s move is not only a further boost to autonomous driving, but also shows GM’s determination and confidence in the commercialization of Cruise. Coincidentally, the commercialization of the Cruise Dubai cooperation and the California unmanned vehicle passenger “license” is in full swing; Waymo, whose CEO and CFO have just resigned, has also begun to add weights, raising $2.5 billion in a lump sum. “Hot Money”. It is reported that Waymo’s financing news was also announced on June 16, investors including Google parent company Alphabet, Andreessen Horowitz, AutoNation, Canada Pension Plan Investment Commission and other major capital. It has to be said that Waymo’s ability to attract funds is commendable, after all, after this financing, its valuation has reached 30 billion US dollars. But the increasingly serious problem of brain drain is also becoming a shackle of Waymo. In other words, as the concept of smart car making is deeply rooted in the hearts of the people, the competition for talent will become more and more serious. OnePlus merged with OPPO, is it an “Oga” mobile phone or an “Oga” car? On June 16, OnePlus CEO Liu Zuohu released an internal email, announcing that OnePlus mobile phones will be fully integrated with OPPO, and OnePlus will also become an independent brand of OPPO. This is another big move since OPPO exposed the car. OnePlus and OPPO are in the same line. Although both are independent brands, from a capital perspective, both OnePlus and OPPO are controlled by Ouga Holdings, which is also the basic condition for the two to merge. It is reported that as early as August last year, news of Liu Zuohu’s return to OPPO has flowed out on the Internet. At that time, OPPO gave the response: Liu Zuohu will return as the senior vice president of Ouga Holdings, and is fully responsible for the product planning and experience of Ouga . Of course, from the mobile phone market, the integration of the two will further strengthen OPPO’s market weight in the field of smart phones. However, the organization and personnel adjustments between OPPO and OnePlus seem to be related to car manufacturing issues. OPPO CEO Chen Mingyong may intend to let Liu Zuohu participate in part of the car building work, and Liu Zuohu also recently visited Li Xiang, the founder of Ideal Auto. C-dimensional star list/Tu Datong Reasons for the list: It can provide the most powerful hybrid solid-state lidar that has been installed in mass-produced models Innovusion, established in November 2016, is headquartered in Suzhou. It is an entrepreneurial company with the nature of a supplier. Its main research areas involve lidar, autonomous driving, and smart transportation. The founders are Bao Junwei and Li Yimin, both of whom are typical engineering masters and have more than 20 years of work experience. In January of this year, the cooperation between Tudatong and NIO revealed that on NIO DAY2020, the latest NIO ET7 equipped with a lidar provided by Tudacom officially entered the stage of history. It is understood that the radar has an ultra-wide viewing angle of 120 degrees, a high resolution equivalent to 300 lines, and a maximum detectable distance of 500 meters. Taking advantage of the hot spots of ET7, in May of this year, Tu Datong completed the B round of financing, the latest valuation of 300 million US dollars, a total of 64 million US dollars in financing. This round of financing was jointly invested by Temasek, BAI Capital and Joy Capital. Old shareholders NIO Capital, Stow Capital and F-Prime also participated. 1. Founder Bao Junwei & Li Yimin Second, best practices Tudatong claims to be the world’s first 300-line high-definition ultra-long range lidar provider. Related lidar products are mainly used in smart transportation, smart high-speed, urban rail transit, and mining. In addition to the dream linkage with Weilai, Tudatong also has related cooperation with Baidu. At present, Tudatong’s image-level long-range lidar has been deployed in Baidu’s Apollo intelligent transportation city project, including Beijing, Changsha, Cangzhou and other places. It is understood that Tudatong’s lidar products mainly include: Jaguar Elite Edition (for smart cities), and Aquila lidar (Falcon architecture) carried on Weilai ET7. See the figure below for details: Three, technical route TuDatong believes that lidar is the inevitable result of the evolution of autonomous driving. Compared with mechanical rotary lidar and solid-state lidar, hybrid solid-state radar has more advantages. In addition to being smaller and lower cost than mechanical rotary lidar, it is also more realizable than pure solid-state lidar. The lower the difficulty and the stronger the certainty, the easier it is to achieve. In addition, the standard detection distance of 300 lines and 250m is the other two points that Tudatong insists on. With a resolution of less than 300 lines, the human eye will miss some important information due to the large distance between the lidar wire harness and the wire harness when looking at the picture, which may be reflected in the perception system of the autonomous vehicle. Cause a traffic accident. The standard detection distance of 250m is because when an autonomous vehicle is driving at a high speed of 120km/h, the safe distance that can be reliably sensed is at least 250m. Fourth, there is a “money” way According to Tianyan Check, since 2017, Tudatong has experienced four rounds of financing, namely seed round, A round, strategic financing and the most recent B round of financing. The latest valuation reached 300 million U.S. dollars. Among them, it is worth noting that Weilai went directly off the market and participated in Tudatong’s A round and B rounds of financing. In addition to being optimistic about the lidar industry, it is also an affirmation of Tudatong’s technical capabilities

A piece of advice from the big brother in the field of car manufacturing was misinterpreted by the media, forcing Wang Chuanfu to come out and explain it again to everyone, which shows that he has a sincere love for Xiaomi.

“If the company’s strategic direction is wrong, losing 5 billion is not too much, but the lost three years is very important.” This sentence is the advice of Wang Chuanfu to Xiaomi as a past person, and it is basically a friendly comment reminder. It’s not a mockery of Xiaomi’s mistakes in making cars with strategic problems.

Xiaomi and BYD seem to be companies that have no intersection at all, but in fact they have a long-term and in-depth relationship. The two parties have had strategic cooperation for many years. Facing this new company entering the automotive industry, Wang Chuanfu sincerely advises Xiaomi. And extremely valuable.

Entering the auto industry, Xiaomi must find a better strategic partner.

For a long time, Xiaomi and BYD have maintained a very good state of strategic cooperation. BYD, which has been deeply involved in the field of mobile phone batteries, has always been OEM production for Xiaomi. Wang Chuanfu said in the relationship between the two parties: BYD has always been a foundry factory for Xiaomi mobile phones. .

It can be seen that the depth of this relationship far exceeds the cognition of some people.

On the original basis, if Xiaomi wants to build a car, it must find a reasonable and highly influential partner. When it comes to choosing a partner, it seems that Xiaomi is not in a hurry, because for this company, mobile phones Years of development in the field have given it a loyal and strong partner.

BYD is not only a giant in the field of mobile phone batteries, but also a leader in the automotive field.

And its focus is not the traditional internal combustion engine market, but the new energy field that Xiaomi is about to enter, which for Xiaomi is more like rain from the sky.

BYD and Xiaomi have a deep cooperation relationship. When BYD is transforming from an OEM to a supplier, the so-called competitive relationship no longer exists. For Xiaomi, BYD will become the best pioneer in the automotive field. .

Wang Chuanfu is right, Xiaomi can’t afford to waste time.

Building a car is still a very test of corporate determination. The new energy market has undergone tremendous changes in the past three years. With reference to the success and changes of Weilai Auto, Xiaomi Auto will not allow mistakes in a more competitive market in the future.

However, the Xiaomi car is still a blank sheet of paper, no factory, no front-line scientific research personnel, and the vehicle design, research and development, testing and debugging and matching work have not been carried out. It will take at least two years to master these all alone.

So, the best way for Xiaomi is OEM.

BYD does not reject OEMs. The mobile phone field has always been the strongest OEM. Many brands, including Huawei, are OEMs by BYD. For Wang Chuanfu, Xiaomi is not an additional competitor after the car is built. , But a stronger partner and a better ecological environment system in the field of new energy.

Although Xiaomi does not have outstanding accomplishments in the automotive field, it has an excellent ecological environment, big data, better APP and underlying architecture system, which can provide a better smart car experience for BYD.

BYD can provide a better basic method of foundry, and Xiaomi can better connect things with its new gameplay, ecological environment, MIUI architecture system, and furniture equipment, which can provide a very good ecological environment for car manufacturing.

For BYD, the entry of Xiaomi can serve the purpose of promoting the development of the industry. For Xiaomi, it needs to find a company that carries the dream of PPT, is willing to OEM for Xiaomi, and has been OEM for Xiaomi mobile phones. Is the best partner.

Last Thursday, BYD became popular because of his boss Wang Chuanfu’s speech.

BYD Chairman Wang Chuanfu “proclaimed” Lei Jun said, “5 billion is nothing to Lei, and 100 billion is not a problem. The key is to waste three years of your time. How much is the value of these three years?” The media interpreted Wang Chuanfu as persuading Lei Jun not to build a car so as not to waste time.

On the evening of the 13th, Wang Chuanfu urgently refuted the rumors and revealed a big advantage. He was negotiating with Xiaomi for a car project!

Wang Chuanfu refutes rumors: Lei Jun did not persuade him not to build a car

Is negotiating with Xiaomi to make car cooperation

A few days ago, BYD Chairman Wang Chuanfu stated at the 2021 China Automotive Chongqing Forum that it is a misunderstanding to persuade Lei Jun not to build a car, and he is negotiating with Xiaomi to discuss cooperation in the automotive field.

Wang Chuanfu pointed out that the issue was misunderstood by the media, saying that BYD persuaded Xiaomi’s Lei to not build cars. In fact, Xiaomi and BYD have a very good cooperative relationship, because BYD has produced a large number of Xiaomi mobile phones for Xiaomi, BYD and There is a very strategic partnership between Xiaomi.

In the future automotive business, BYD will also support Xiaomi’s development in the automotive field. Not only does it support, BYD is also willing to cooperate with Xiaomi in the automotive field, and is negotiating some projects.

Wang Chuanfu also explained the example at that time again. In the field of automobile iteration, the strategic direction is very important. If the strategic direction is good, you should avoid detours. If the strategic direction is not good, you will lose 3 or 4 years. Time, then there may be no chance in the fierce competition.

Therefore, precise strategic direction is an important feature of success.

When talking about the battery problem, he said that the blade battery is a critical period for BYD, and reform requires key technologies to solve the pain points of the market. BYD proposed blade batteries in March last year, which changed the direction of batteries in China and the installed capacity increased rapidly. In the past May, the monthly output of lithium iron phosphate batteries in my country exceeded that of ternary lithium batteries for the first time in the past three years. In May, the total output was 63.6%. BYD relied on blade batteries to reverse the structure and bring back the industry’s oscillations.

What did Wang Chuanfu say last week?

On the afternoon of June 10th, #Wang Chuanfu claimed that Huawei’s mobile phone was made by BYD.# rushed to the hot search on Weibo.

On the evening of June 9, at the 2021 Yabuli China Entrepreneurs Forum, BYD Chairman Wang Chuanfu shared.

Wang Chuanfu said that new energy vehicles are the outlet. Everyone thinks that the market is very large and the growth rate is very fast. Everyone rushed in. However, new energy vehicles are a new thing, and there are many routes. If the route is crooked, it may lose money and time.

Wang Chuanfu emphasized the importance of precise strategy for enterprises, saying that 5 billion is not money for many big coffees who come in, but the time cost is very important. “For example, Mr. Lei (Lei Jun), 100 billion (making a car), the key is to waste your three years, how much is the value of these three years? You can’t buy it with money.”,

Wang Chuanfu denied whether the above remarks implied that Xiaomi chairman Lei Jun would spend a lot of time building cars. “If the company’s strategic direction is wrong, it may not be too much to lose 5 billion, but you have lost three years, this is very important.”

Wang Chuanfu emphasized the importance of making the new energy vehicle market bigger: “Whether it is a new force that builds a car, whether it is a platform or a mobile phone, it will build electric vehicles after entering (making cars). China’s electric vehicle market penetration The rate is only 12%. In fact, we need them to come in, and use 90% of the cakes of fuel vehicles to use mobile phone traffic and mobile phone fans. Some platform companies use its traffic and ecology to come in and persuade everyone not to buy it. Fuel cars, all come to buy electric cars. Doesn’t this cake get bigger? When it gets bigger, it depends on whose technology you have to cut (good).”

Wang Chuanfu believes that it is a good thing for so many players to enter the new energy vehicle industry. Fuel vehicles will be slowly replaced, but the market competition will become extremely fierce.

The last time Xiaomi talked about car manufacturing was in the first quarter financial report exchange at the end of May. President Wang Xiang said that it may take three years to build a good car. He does not think the chip shortage will continue for three years, and now he does not consider this issue. Car building is still in the early stages.

In addition, Wang Chuanfu said, “We OEM many mobile phones, and most of Huawei’s mobile phones are made by us.”

“Whose are you using? Huawei’s, we made it. We made 90% of Huawei’s metal frames, and we made the entire processing and assembly of OEMs,” said Wang Chuanfu.

“Shooting” is an automobile section under the venture state. We will use a brand-new content format to bring you new opportunities to “stalk” the global automotive industry.

This week’s auto industry event guide: Didi submitted its listing application, Zhang Jingyu joined Gaohe Automobile as the CDO, LG New Energy officially launched its listing, Wang Chuanfu refuted the rumors: Lei Jun did not persuade Lei Jun not to build cars, Byte Beat or enter the auto industry…

Big company & big event

1. Didi submits a listing application and management voting rights exceed 50%

On the morning of June 11, Beijing time, Didi formally submitted its listing prospectus to the SEC. The prospectus shows that before the IPO, Didi founder and CEO Cheng maintained 7% of the shares, and co-founder and president Liu Qing held 1.7%. According to the conventional same-share non-rights arrangement, Cheng Weiliuqing has more than 48% of the voting rights in total, and Didi’s management, including Cheng Weiliuqing, has more than 50% of the voting rights.

At present, many domestic Internet companies such as JD.com, Xiaomi, and Pinduoduo have adopted the AB share model, which is the same share with different rights. The founders such as Liu Qiangdong, Lei Jun, and Huang Zheng also use this method to hold shares even though they have not reached absolute control. Degree, but able to firmly control the company.

2. Internet giants re-enter the bureau to build cars, Zhang Jingyu joins Gaohe Automobile as CDO

On June 7, Chinese Express officially announced that Mr. Zhang Jingyu, the former co-president of Autohome, had officially joined the company as Chief Digital Officer and reported to Chairman Mr. Ding Lei. Zhang Jingyu will be responsible for the full-scene data management, and realize the improvement of production efficiency and service efficiency through artificial intelligence and data-driven, and help Huaren Express Gaohe Automobile to create a new ecology of user experience.

Mr. Zhang Jingyu graduated from Jilin University of Technology with a Bachelor of Science degree in computational mechanics. He has served successively as the head of the ORACLE ERP department of Digital China, the head of the PCCW product department of PCCW, the deputy general manager of Sina Auto, and the co-president of Autohome.

3. Wang Chuanfu refutes rumors: Lei Jun did not persuade him not to build cars

BYD Chairman Wang Chuanfu said at the 2021 China Automotive Chongqing Forum that it is a misunderstanding to persuade Lei Jun not to build cars, and he is discussing cooperation in the automotive field with Xiaomi.

Wang Chuanfu pointed out that the issue was misunderstood by the media, saying that BYD persuaded Xiaomi’s Lei to not build cars. In fact, Xiaomi and BYD have a very good cooperative relationship, because BYD has produced a large number of Xiaomi mobile phones for Xiaomi, BYD and Xiaomi It is a very strategic partnership.

In the future automotive business, BYD will also support Xiaomi’s development in the automotive field. Not only does it support, BYD is also willing to cooperate with Xiaomi in the automotive field, and is negotiating some projects.

4. LG New Energy officially launched its listing

According to Korean media reports, South Korean battery manufacturer LG Energy Solution Ltd. (LG Energy Solution Ltd., referred to as “LG New Energy”) has submitted an application to the Korea Stock Exchange to officially launch the listing process and seek an initial public offering (IPO) within the year. ). The company’s valuation may reach 100 trillion won (approximately US$90 billion), and it plans to raise US$10 billion to US$12 billion, which is expected to set the record for the largest IPO in South Korea.

5. ByteDance obtains the “Byte Car” trademark or will enter the automotive industry

According to the company’s search information, Bytedance has obtained the trademark “Byte Car”. The trademark “Byte Car” has been transferred recently. The transferee company is Beijing Bytedance Network Technology Co., Ltd. The international classification includes 42 types of design research, 38 types of communication services, 9 types of scientific instruments, etc.

Prior to this, ByteDance has begun to deploy in the automotive field. For example, Qingzhou Zhihang, which is aimed at the urban smart travel market, announced that it has received tens of millions of dollars in A1 round of investment. The new round of financing of Qingzhou Zhihang will reach at least 25 million US dollars, and ByteDance participated in this round of investment. Qingzhou Zhihang said that this round of financing will be used to continue to build an “automated production super factory” for autonomous driving.

New car-making forces special

1. Nezha Zhang Yong: Do not engage in an arms race / invest tens of billions into the Thousand Talents Project

On June 10, Zhang Yong, the co-founder and CEO of Nezha Automobile, pointed out at the 13th China Automobile Blue Book Forum that Nezha Automobile will not engage in an arms race, and plans to invest 1,000 people and 10 billion dollars. With the development of smart technology.

Zhang Yong said that the evolution of electric vehicles to smart electric vehicles is already a consensus in the industry, and it is also a track that Nezha must compete for. Nezha’s intelligent driving will adopt a gradual development route, from L2+ to L4. Therefore, for Nezha, there will be no arms race, and Nezha must develop an intelligent technology development path that suits the needs of users. In the development of intelligent technology, the plan is to invest a team of 1,000 people and invest 10 billion in this battle. Zhang Yong hopes that Nezha can occupy a favorable position on this track in three to five years.

2. Weilai’s 50th second-generation power station was completed

On June 12, Weilai Power Station | Weiji Science and Technology Park in Wuzhong District, Suzhou was officially completed and put into operation. This is the 50th second-generation power station. Up to now, a total of 255 swap stations have been completed nationwide.

On April 15, the world’s first Weilai second-generation power station “Beijing Sinopec Chaoying Station” was officially completed. A total of 6 NIO second-generation power stations were completed in April, 24 were completed in May, and 20 were completed as of June 12. NIO will continue to rapidly promote the construction of the second-generation power station, and strive to achieve the goal of building 500 power stations in 2021 as soon as possible.

3. AIWAYS enters the Italian market and has achieved full coverage in key European regions

It is learned from AIWAYS that AIWAYS has reached a cooperation with the car importer Koelliker Group to jointly develop the Italian market and plans to launch U5 in Italy this year. This means that following the launch of sales in France, Germany, the Netherlands, Belgium, Denmark and other countries, AIWAYS’ global business scope has further expanded to Southern Europe and EFTA (European Free Trade Association) national markets, achieving full coverage of key European regions.

4.7 Lando FREE will be delivered at the end of the month and will be listed on June 19

According to official information from Lantu Automobile, its medium and large SUV Lantu FREE will be officially launched on June 19. According to previous news, the new car will officially begin delivery on July 29. Prior to this, Lantu FREE has officially opened pre-sales. The pre-sale prices of the extended range and pure electric models are 313,600 yuan and 333,600 yuan respectively, and the prices after adding the exclusive package are 333,600 yuan and 363,600 yuan, And provide the first special edition models.

I’m here this week. See you next week.