In fact, new technology is becoming the key for mobile phone manufacturers to seize the market. Judging from the new models released by major mobile phone brand manufacturers recently, folding screen phones with novel appearances have become the main line of smart phone hardware innovation. For more than 10 years, the iPhone has defined the overall shape and style of smartphones, but it is clear that people have become a little tired of continuing the same shape for many years. For the folding mobile phone that most tests the technical strength of the mobile phone manufacturer, who can make the folding screen mobile phone from an expensive financial product to a product that can effectively improve the user’s efficiency will undoubtedly bring a halo effect to the mobile phone manufacturer. The new era of mobile phone form: folding screen A few days ago, China Mobile Terminal Laboratory’s “The Second Phase of 5G Terminal Consumption Trend Report in 2020” showed that the frequency of mobile phone users in China is further extending, reaching an average of 25.3 months. In the PC era, there is a law that software promotes the continuous development of hardware, and the early mobile phone market also followed this law. But with the general improvement in quality control and mediocre innovation, this law has begun to fail during the bottleneck period of the industry, and many people have no urge to change to a new mobile phone. The turning point occurred with the emergence of folding phones. Folding and stretching, craftsmanship is exquisite, who doesn’t want to have a folding phone? Many organizations believe that folding screens will become a major trend in the development of the smart phone market in the future. According to IHS Markit’s forecast, the global folding screen market shipments in 2020 will reach nearly 5.2 million units, and it is expected to exceed 50 million units in 2025, with a compound growth rate of about 57% from 2020 to 2025. With the rapid rise in the popularity of folding screen mobile phones, more and more mobile phone manufacturers have begun to enter the game. In February 2020, Samsung released the Z Flip, its second folding screen mobile phone. In terms of design, it uses a fold up and down method. When the screen is fully unfolded, it is a 6.7-inch screen; On February 22 this year, Huawei also iterated its new product folding screen mobile phone-Huawei Mate X2. Compared with the previous two generations, it has a major change in appearance design. It adopts an internal folding screen design scheme. The inner screen is a flexible screen with a golden ratio of 8:7.1, with a size of 8.01 inches. From the timeline, although Samsung and Huawei’s folding screen phones have been “debut” for 2 years, the million-level shipments still remain in the niche group early adopters, largely because of their high cost. price. IHS has compared Samsung’s folding mobile phone with the flagship phone released at the same time and found that the increased raw material cost is mainly reflected in the display, hinge, motherboard PCB, battery, chip and other components. “Taking the comparison between Samsung Galaxy Fold and Galaxy S10+ as an example, the total cost has increased by 30%. Among them, due to the increase of the display screen area, the BOM cost of the display screen of the Galaxy Fold has increased by 77% compared with the Galaxy S10+; while the battery and the hinge are zero. The cost of components has increased by 120%, and the cost of PCB has increased by 14%. Not only that, due to the dual-mainboard design of folding mobile phones, the consumption of chips, FPC, metal structural parts, electromagnetic shielding parts, etc. will also be greatly increased.” However, in April this year, Xiaomi came to change the folding screen industry. The first sale breaks 400 million in one minute; it has been folded for 180 hours and has been folded 400,000 times in a row…The Xiaomi MIX FOLD folding screen with a price of less than 10,000 yuan releases a strong signal to the outside world through a series of data: folding The machine may no longer be a toy for a few people. It is also worth mentioning that Apple, which is absent from the folding screen market, is also actively developing folding screen products. Earlier, there were media reports that Apple is studying a technology that enables two or more devices to work together when they are close. This technology can create a foldable iPhone that does not bend the screen. According to the document description, Apple’s folding technology uses two completely independent screens, which can be used as a display when unfolded. “We predict that if Apple can solve the key technology and mass production problems of folding mobile devices in 2021, Apple may launch a 7.5-8 inch foldable iPhone in 2023.” Tianfeng Securities, well-known Apple analyst Guo Ming Z, announced Wrote in the research report. With more and more mainstream mobile phone manufacturers launching new folding mobile phones, senior industry insiders believe that in the future, folding screen mobile phones are expected to accelerate from a “niche” to popularization. Folding screens are approaching the cost and reliability explosion cycle Even if it is becoming a trend, compared with ordinary mobile phones, folding screen mobile phones still face greater problems in terms of screen, cover, hinge, touch, cost, and software matching. Founder Securities once pointed out that “folding screen hinges use more than 100 components, which have the characteristics of high complexity, high folding life requirements, and high product reliability requirements.” And Everbright Securities stated that the hinges of folding mobile phones must ensure that the mobile phone is folded. Keep a certain R angle after opening, and keep it flat after opening, and it also needs to withstand more than 100,000 folding tests, which is very difficult for research and development. As early as February 2019, Samsung was the first to release the Galaxy Fold, a folding screen phone. However, due to black screen, splash screen, and screen bumps, Samsung delayed the global sales date of this $1,980 product. It was a big setback for Samsung. Although the Huawei Mate X did not reveal any quality problems when it went public, the lack of mass production has caused it to be in a state of “difficult to find a single machine” for a long time. A Mate X on the second-hand market was once fired up to RMB 8 to 90,000. After redesigning the Galaxy Fold and officially launching it on the market, Samsung officially announced that its own product can be folded 200,000 times. However, according to the screen folding test conducted by SquareTrade, which purchased the product, the hinge lost 98% after folding 119,380 times. The damping sense, half of the screen stops working. Huawei did not disclose the specific number of times its new folding mobile phone Mate X2 has been folded. Whether folding screens can be popularized, the core lies in two aspects: cost and reliability. From the current mobile phone manufacturers, Xiaomi is very likely to become a promoter of folding screen mobile phones. First of all, compared with other expensive folding phones, the price of Xiaomi MIX FOLD is obviously very cost-effective. Why can the price be lowered below 10,000 yuan? This is inseparable from the smart factory built by Xiaomi in Beijing Yizhuang. This smart factory called “Black Light Factory” covers an area of ​​18,600 square meters and is equipped with a “full-process automated production line from production management to machine processing, packaging and storage. It is capable of producing more than one million smartphones each year. The folding screen MIX FOLD is also produced in this factory. According to Lei Jun, the Xiaomi Industry Fund has invested in more than 70 semiconductor and smart manufacturing companies. What Xiaomi will do in the future is “manufacturing by manufacturing” to help more manufacturing companies realize smart manufacturing. Secondly, in terms of technical reliability, the U-shaped hinge design adopted by Xiaomi MIX FOLD is very precise and tough. It has not only passed 200,000 bending reliability tests, but also has a limit of 1 million folding times. In order to further verify the folding ability of Xiaomi MIX FOLD, Lei Jun also arranged a live broadcast last month, using mechanical devices to open and close a Xiaomi MIX FOLD continuously and violently for 24 hours, and all netizens can watch the progress at any time. After 7 days of challenge, Xiaomi MIX FOLD has completed 400,000 folding times, which is equivalent to a 10-year life span in normal use. Stand out from the competition. The high-end leap of Chinese mobile phones under the folding screen In recent years, domestic mobile phone manufacturers have led the world in technological innovation. Take Xiaomi as an example: the first under-screen camera, under-screen fingerprint recognition, 120W fast charge…Every time the “black technology” is released, it leads the technological trend of the mobile phone circle. . But from a long-term perspective, the core technology investment related to chips can help brands build long-term growth capabilities. After Huawei, it is generally believed that almost no domestic mobile phones can participate in the high-end competition between Apple and Samsung. Recently, affected by trade frictions and other factors, my country has frequently encountered serious problems of “stuck necks” in the semiconductor field. The independence and controllability has aroused great attention and reflection of the whole society, and domestic substitution has become a necessity. But as we all know, the chip industry pursues the three high laws: high risk, high input, and high output, and there is a huge demand for funds. Judging from the current situation, Xiaomi is second only to Huawei in the future-leading folding screen field and high-end market, and is currently the only domestic mobile phone manufacturer capable of independent research and development of chips. Earlier, a lot of noise from the outside world questioned that Xiaomi’s self-developed chips were in a difficult production, but Lei Jun publicly responded that Xiaomi’s road to core making has never stopped. 2021 is the seventh year of Xiaomi’s core dream. In this year, Xiaomi’s second commercial self-developed chip, the surging C1 (image signal processing chip ISP), is again used in its own products. If SoC is the brain of the mobile phone, then the ISP is the visual nerve center of the mobile phone, which plays a vital role in imaging quality. It is reported that the surging C1 was completed by Xiaomi in 2 years and invested hundreds of millions of R&D expenses. The 3A algorithm, low-light focusing ability and image quality have been improved, which can bring more accurate auto white balance, auto focus, auto exposure and Image quality. At the same time, the world’s first liquid lens adopted by Xiaomi MIX FOLD can achieve 3X optical zoom, up to 30X telephoto, and 3cm macro focus more easily. Although it is only a small chip, it is worth mentioning that the ISP technology content is not small. Xiaomi is the only two domestic mobile phone manufacturers that produce self-developed ISPs. Lei Jun said, “This surging C1 is a small step on the road of Xiaomi’s chip and a milestone in Xiaomi’s imaging technology. To provide users with a better experience, we continue to explore, and the surging waves never stop.” All of this is inseparable from Xiaomi’s investment in research and development. The financial report shows that in 2020, Xiaomi’s research and development has reached 9.3 billion yuan. The company said that it will continue to increase investment in various technologies in the future. At the same time, Lei Jun stated in the “Open Letter to Investors” that Xiaomi has established the “three iron laws” that will never change: technology-based, cost-effectiveness as the key link, and the coolest products. “In 2020, our R&D investment will be close to 10 billion. This year we expect to increase by more than 30%, which is expected to exceed 13 billion yuan. We will further expand the size of our R&D team. This year we will recruit more than 5,000 engineers.” Through Xiaomi’s series of layouts, it can be seen that Xiaomi is embarking on an original path to master more independent core technologies. When the fierce battle among manufacturers is going on, who can become the next leader in the high-end market remains to be discussed in the market, but Xiaomi is full of hope.

In the future, mobile phones are generally considered to be non-porous all-in-one devices, and current devices are also in this trend.

As a result, we have seen the rise of “full screen”. As a result, we have seen the continuous streamlining of mobile phone interfaces and buttons.

▲Galaxy Z Fold 2 and iPhone 11 Pro Max.

At the same time, some people think that future devices should not be limited by screen size, and should have richer application scenarios. Therefore, the concept of “folding” mobile phones is an attempt to break through the screen limitations.

It is like the “bamboo slips” popular in ancient times. It can be viewed and read when unfolded, and when it is rolled up, it is convenient to carry and move.

But later, “bamboo slips” did not become the carrier of our records. Cai Lun’s improved “papermaking technique” was the paper that could be used on a large scale.

▲ Samsung Galaxy Z Flip.

It is as if the horse-drawn carriage is not replaced by a faster horse-drawn carriage, but a car, but the process is not indispensable during the period. In other words, in the process of evolution towards the future, the shape of the folding screen is an indispensable process.

Advantages of folding screen

Simply put, this form of folding screen is actually a simple “2 in 1” device. It can be a smart phone or a “small tablet” with a large screen.

For users, the meaning of “folding screens” is to enable smart phones to better play different roles. For manufacturers, the “folding screen”, a device with a large screen and a small screen, is undoubtedly a verification and consideration of the system switching logic and hardware manufacturing process, laying the foundation for the subsequent development of different types of equipment.

Folding screens currently have two forms: vertical folding and horizontal folding. In an ideal state, after folding, it is only the size of a smart phone, or only half the volume, which can be more convenient to carry.

After the vertical folding and unfolding, there will be a screen close to 8 inches. Whether it is entertainment or simple processing workflow, the efficiency will be higher than that of ordinary mobile phones.

As for the horizontal folding, after unfolding, it is still in the state of a traditional smart phone. Relatively speaking, its advantage is more that it is smaller and more convenient.

Smartphone screens start from 3.5 inches. Every step forward, the screen area will be one inch larger. The concepts of “screen-to-body ratio” and “full screen” gradually surface. If smart phones continue to be our smart center, in the absence of technological innovation, “folding screens” may be a development direction.

Disadvantages of folding screens

Almost all the advantages of folding screens can be placed on the hardware, and different screens have different functions and scene adaptations. From the current point of view, the disadvantages of folding screens are not only in the hardware.

▲ Xiaomi MIX FOLD uses CPI film material.

It is not uncommon for the screen materials of traditional smartphones to use flexible OLEDs, but what prevents it from bending at will is the “rigid glass” on the surface. To “fold”, it is necessary to replace the protective glass (material) on the surface with a flexible material that can be bent on the basis of the flexible OLED material.

At present, this layer of bendable flexible material includes CPI film (colorless polyimide). Samsung’s first-generation Galaxy Z Fold and Xiaomi MIX FOLD use this material, which has good ductility, but is relatively traditional glass, CPI The hardness is not enough, it is easy to leave scratches and traces of use.

The most famous crash YouTuber JerryRigEverything tested the Mohs hardness of the Galaxy Z Fold’s inner screen at about 2. For comparison, the outer screen with Gorilla tempered glass is at 6. In fact, it’s a bit more airy. The CPI film has no resistance to scratching with a slightly harder nail.

On the Galaxy Z Filp, Samsung upgraded the protective layer of the screen from CPI film to UTG (ultra-thin glass) in order to improve the wear resistance of CPI. As for the efficacy, the results of JerryRigEverything are also quoted as a comparison. The Mohs hardness of the inner screen is still level 2, but from the effect point of view, it is still better than CPI.

▲ Galaxy Z Filp with UTG has limited scratch-resistant performance improvement. Picture from: JerryRigEverything

Even if the problem of the screen protection layer is solved, the bendable screen and the “mechanical hinge” have life problems. After bending to a certain extent, the brightness and contrast of the screen will decrease in the bending part, and the hinge will wear out every time it is bent. Over time, the mechanical performance will also decrease.

However, whether it is Samsung or Xiaomi, the mechanical life of the hinge can be maintained for 2 to 3 years before it goes on the market, which is a replacement cycle of a smart phone, so the screen and hinge are not a big disadvantage.

At present, both Aifaner readers and our editorial department believe that the “folding screen” lacks killer applications, that is, the lack of innovation at the software system level. When experiencing Xiaomi MIX FOLD, there is always a feeling of being at a loss when opening the screen. Even with the PC mode and split screen, it will still not bring a unique experience, and it will eventually become “iqiyi”.

The status quo of folding screens

At present, the core of the folding screen is still on the screen. From this point of view, Samsung is the first echelon, and it can be regarded as bringing the folding screen into the consumer industry with its own strength. Even though the original Galaxy Fold has experienced twists and turns, it is undeniable that it The meaning of existence. After several years of development, Samsung’s screen protection layer has been upgraded to UTG ultra-thin glass, and the output and yield of the display are increasing. And the overall Fold shape has gradually matured.

In addition to Samsung, subsequent screen manufacturers, such as BOE, Visionox, Tianma, etc., are also increasing their investment in flexible screens. After the supply chain is enriched, there are gradually more folding screen products on the market.

The most recent example is the Xiaomi MIX FOLD. Even though it uses some of the technology of the original Galaxy Fold, it has failed to prevent MIX FOLD from becoming a “folding screen” since its launch and the first price is less than 10,000 yuan. Some technologies for folding screens are not only maturing, but also increasing in cost and yield.

According to DSCC’s forecast, the cost of Samsung’s folding screen is about US$180, and it is expected to cost less than US$100 in 2022, which is lower than the current iPhone screen.

In addition to the screen, many components on the folding screen product need to be customized, and the hinges and other components need additional aging tests. These costs will eventually be transferred to the product pricing. These are also the reasons why the current price of folding screen products has stabilized at around 10,000 yuan.

Let’s talk about software. Whether it’s the first echelon of Samsung or the domestic system’s MIUI, their influence on the Android system is relatively limited. In other words, the disadvantage of the folding screen system may still require Google to start from the bottom. Think about how to provide a better and more efficient experience on a variable form of 2 in 1 device.

The future of folding screens?

It may be due to Samsung eating crabs before, or the related industry chain may gradually mature. According to a report by SamMobile, Google may try out folding screen products this fall. It may be released together with Pixel 6 and Pixel 6 Pro, named Pixel Fold, and the screen supplier is Samsung.

This year, Samsung and Google are getting closer. At the Google I/O conference last month, Google announced that it will build a new wearable platform with Samsung. The hardware depends on Samsung, and the software may also be developed together with Samsung.

Putting this trend on the possible Pixel Fold may also be more in line with the actual situation. Google is closer to a software company. At the beginning of Android, it found HTC to build Nexus phones together. Later, Google also cooperated with LG, Samsung, Huawei and others to launch Nexus series products.

Nowadays, Google is looking for Samsung to cooperate, and it feels a bit like the Nexus series made years ago. In fact, Google and Samsung launched the Pixel Fold at this node in the fall. The hardware may be based on the Galaxy Fold 2. It will still be a flexible OLED screen and UTG ultra-thin glass, with little change in form.

However, the software system will be managed by Google, and this is also one of Google’s main goals of launching folding screens. It is hoped that through practice, it will bring Android native systems that are more in line with future 2 in 1 devices. It may be possible to switch between large and small screens and how to improve large screens. The efficiency of these systems is a hindrance to focus on strengthening.

▲ The native Android 12 on Pixel Fold is the focus.

At the same time, the folding screens of the Pixel series will undoubtedly be very suitable test equipment for “developers” to develop dedicated apps. Compared to third-party vendors, Google still has at least some influence.

In addition, SamMobile also said that in addition to Google, Samsung may also start to provide foldable OLED screens for domestic manufacturers such as vivo and Xiaomi in October. In this way, the new wave of smartphones this fall may be led by “folding screens.”

▲ Microsoft Surface Duo.

In the mobile phone market, folding screens are still a very small choice. Whether it is Samsung’s Fold series, Samsung’s Flip, or Microsoft’s Surface Duo, the price has plunged considerably after the listing. For example, the Galaxy Fold 2 is now only about 7,600 yuan on Amazon, while the Surface Duo is only 4,500 yuan, and Xiaomi MIX Fold has also dropped 1,000 yuan in some channels.

▲ Xiaomi MIX FOLD, Samsung Galaxy Z Fold2, Huawei Mate X2. Picture from: XDA

This situation is just like the first generation of 5G smartphones. The technology is constantly changing. As the output and yield of the supply chain continue to increase, the product will become more mature and the price will naturally be reasonable. If SamMobile’s news is accurate, after all folding screens are listed in the fall, it may become a new consumer trend.

The final fate of folding screens may be like “bamboo slips.” Although they are eventually replaced by paper, the technology accumulated by manufacturers in this 2 in 1 form will not be lost. It may appear in future products.

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Full exposure of camera parameters The news about the camera parameters of the Samsung Z Fold 3 comes from a well-known blogger @i冰宇宙. The information disclosed includes the specifications of the camera’s internal and external screen front lens and rear three-camera. Among them, the front lens of Samsung Z Fold 3’s external screen is 10MP. It is temporarily unsure whether it is an under-screen camera design, while the front lens of the folding screen part is 16MP. It will use under-screen camera technology for the first time. The revelation blogger’s statement is more consistent. As for the rear camera of the Samsung Z Fold 3, it will be a triple-camera combination of 12MP+12MP+12MP. Compared to the Samsung S21+, it seems to only change the 64MP telephoto to 12MP. However, considering that Samsung is testing a sensor displacement anti-shake technology similar to the iPhone 12 Pro Max, the 12MP telephoto that Samsung Z Fold 3 replaced this time may be related to this, which is to change to a new CIS (CMOS image sensor). Comes with sensor displacement anti-shake function. CPU and GPU clock speed upgrade As for the Samsung Z Fold 3 processor, it is basically confirmed that it will be the Snapdragon processor, rather than the Exynos 2100 or the new Orion chip equipped with AMD GPU, and it may be the Snapdragon 888+ processor rumored to be launched in the second half of the year. The internal model is SM8350-AB. The latest news is that the main frequency speed of the super core is upgraded to 2.96GHz, and the GPU part will be increased to about 900MHz+, or overclocking ISP/DSP/baseband, or even unlocking some blocks. However, this legendary Snapdragon 888+ will not be replaced by TSMC. According to Qualcomm insiders, Samsung’s 5nm process technology will still be used, but how to solve the power consumption problem after the main frequency speed is increased? There is no news yet. Bank Negara will go on sale in August Samsung Z Fold 3 will also use the third-generation UTG ultra-thin glass and COE technology that removes polarizers, which will help reduce the foldable thickness and improve battery efficiency. With the aid of the patented Armor Frame armor frame design and lighter titanium or carbon fiber materials to reduce the weight, supplemented by the 4275 mAh battery with reduced capacity, the weight of the whole machine is reduced to about 260 grams compared with the previous generation. In addition, the machine will also increase the S Pen stylus and add waterproof function, but the specific level of protection is still unknown. Samsung Z Fold 3 will be equipped with a 7.65-inch folding screen, or a new RGB array of OLED folding screen panels, which can bring a more delicate display effect without changing the resolution. As for the 6.23-inch external screen, it is said to support a 90Hz refresh rate, pre-installed with the One UI3.5 system, and it is possible to add dual card functions. At present, Samsung Z Fold 3’s national bank version SM-F9260 has begun firmware testing. It is said that it will have two storage capacity versions of 12GB memory and 256GB/512GB. Mass production will begin in mid-June, and then officially launched in late July. , The National Bank version will meet with us in August. Copyright statement: The copyright of this work is exclusively owned by Aqualand, and Shenzhen Tencent Computer System Co., Ltd. is authorized to enjoy the exclusive right of information network dissemination. Any third party may not reprint it without authorization.

Xiaomi will conduct a 24/7 non-stop “abuse” live broadcast, which will be officially launched at 8 o’clock this evening.

The protagonist of this live broadcast is the flagship of the MIX FOLD folding screen. Xiaomi will carry out a 24-hour uninterrupted, 7-day continuous test with a folding screen every 1.6 seconds, challenging the 10-year service life.

It is reported that Lei Jun once introduced at the press conference that the hinge design of Xiaomi MIX FOLD is very precise and strong.Passed the reliability test of 200,000 times of bending, the limit of folding times can reach 1 million times,At the same time, the weight is reduced by 27% compared to traditional hinges, and the back of the screen is covered with non-magnetic high-strength steel sheets, making the screen flatter and tougher.

The live test also showed that Xiaomi has full confidence in the quality of the MIX FOLD folding screen.

It is worth mentioning that, as Xiaomi’s first folding screen flagship, Xiaomi MIX FOLD will also usher in the first batch of sales at 10 o’clock tomorrow morning, starting at 9,999 yuan, which is currently the cheapest folding screen flagship phone on the market.

Simultaneously,MIX FOLD is also the embodiment of Xiaomi’s high-end technical strength. It not only has top performance, is equipped with the Snapdragon 888+LPDDR5+UFS 3.1 performance iron triangle solution, but also has a 2K resolution folding screen, supports HDR10+, Dolby Vision, etc.,Can bring extremely shocking visual experience.

MIX FOLD launched the world’s first liquid lens technology,Bionic technology is used to insert the “lens” into the lens of a mobile phone, which brings about a change in focal length and focus similar to that of the human eye. A single lens can achieve both telephoto and macro functions at the same time.

It is worth mentioning that,MIX FOLD also released the surging C1 ISP chip developed by Xiaomi for the first time.With dual filter configuration, high and low frequency signals can be processed in parallel, and the signal processing efficiency is increased by 100%. With self-developed algorithms, it can effectively improve the image effect.

[MilletFoldingScreenPhoneMIXFOLDwillgoonsaleat10o’clockthismorningstartingat9999yuan]

Lei Jun posted on his personal Weibo that the Xiaomi folding screen mobile phone MIX FOLD will go on sale at 10:00 am on April 16, with a price starting at 9,999 yuan.

[NBA Nets player Aldridge announced his retirement]

The Brooklyn Nets Weibo statement stated: “The Nets support Aldridge’s decision. Although we believe that he will bring great value to the team on the court, his personal health is far more important than basketball. We. I understand that this is a difficult decision for him, but after careful consideration and consultation with various experts, Aldridge has made this decision that is the best for his health, family and life. We wish Aldridge and him All of his family will be well in the future, healthy and happy.”

[Ocean King: Net profit in the first half of the year is expected to grow 25%-45% year-on-year]

Ocean King released the first quarter report of 2021, the performance forecast for the first half of the year, and the annual report for 2020. In the first half of 2021, the net profit is expected to be approximately 71.246 million yuan to 82.645 million yuan, a year-on-year increase of 25%-45%. The company focuses on the upgrading and upgrading of new light sources and new technologies such as LEDs in the traditional market, and gives full play to the combined advantages of new light sources and new technology products such as LEDs and lasers. In the first quarter of 2021, the net profit was RMB 27,310,600, a year-on-year increase of 103.37%.

[Luckin announced the completion of a new round of US$250 million in financing, led by Dazheng]

Luckin Coffee issued an announcement, announcing that it has reached a new round of financing agreement with the company’s shareholders Dazheng Capital and Joy Capital for a total of 250 million US dollars. Luckin said that the conclusion of the new round of financing agreement will help further optimize the company’s financial structure, so as to promote the development of the company’s core business and achieve long-term growth goals.

[Citi announced that it will reorganize its global personal banking business]

On April 15, Citi announced that it would reorganize its global personal banking business. The goal is to focus resources and investment on businesses with more competitive advantages and economies of scale, so as to increase long-term returns for the company’s shareholders.

[Geely officially released the pure electric brand Krypton, and will launch two new cars every year in the next three years]

Geely Automobile officially released its pure electric brand Jikrypton today, and Jikr Company released the first mass-produced car ZEEKR 001. According to the plan, in the next three years, Ultra Krypton will launch two new cars every year. An Conghui, CEO of JKr, revealed that JKr has reserved an equity incentive mechanism for users.

[The European Union will propose universal charger regulations for iPhone and other devices]

The European Union’s internal market commissioner Thierry Breton told parliamentarians at a meeting of the European Parliament’s Internal Market Committee on Thursday that the European Commission plans to propose new regulations by the summer to standardize chargers for various smartphones and devices.

[Chairman of Ferrari: The first electric car will be launched by 2025]

Ferrari chairman stated that three new models will be launched in 2021 and the first electric car will be launched in 2025.

[World Steel Association: Global steel demand will rise by 5.8% this year, and growth will slow to 2.7% next year]

World Steel Association: As the economy recovers from the new crown epidemic, global steel demand will rise by 5.8% this year, but due to the weakening of the impact of stimulus spending, next year’s growth will slow to 2.7%.

[Jiang Ge’s mother does not agree to mediation]

The case of Jiang Ge’s mother v. Liu Xin’s right to life was heard in court on April 15. The presiding judge announced that the case will be sentenced at an elective date. Before the end of the trial, the chief judge solicited opinions on whether the parties agreed to the mediation, and the plaintiff clearly stated that he did not agree.

The above is today’s morning paper~