BYD Song L leads the 2023 Shanghai Auto Show new car summary

● Pre-sale: New Skyworth EV6II

  At the 2023 Shanghai Auto Show, the new Skyworth EV6 II was officially launched and pre-sold simultaneously. A total of four different levels of configurations, AIR, PLUS, MAX, and President’s Edition, were launched.The pre-sale price range is 16.50-28 5,000 yuanSkyworth EV6 is positioned as a medium-sized pure electric SUV, with a new car range of 402km, 520km and 620km.

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Skyworth Automotive, Skyworth EV6 2023, President's Edition

Skyworth Automotive, Skyworth EV6 2023, President's Edition

Skyworth Automotive, Skyworth EV6 2023, President's Edition

  In terms of appearance, the appearance of the new Skyworth EV6 is basically the same as that of the current model. The front face continues to be designed without a middle net, and the front face shows a simple design. The rear still adopts the design of through taillights, with the English logo of Skyworth in the middle. The length, width and height of the new car are 4720/1908/1696mm respectively, and the wheelbase is 2800mm.

Skyworth Automotive, Skyworth EV6 2023, President's Edition

Skyworth Automotive, Skyworth EV6 2023, President's Edition

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  In terms of interior, the design of the current model is also continued. The center console air conditioner is trending with a through-type design, and there is a wooden decorative panel below. The square central control screen is suspended, and the physical buttons are retained below the central control screen. The new car also uses a full LCD instrument panel.

Skyworth Automotive, Skyworth EV6 2023, President's Edition

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  In terms of power, the new car is equipped with a single motor, with a maximum power of 150 kW and a maximum torque of 320 Nm. The comprehensive cruising range is 402km, 520km, and 620km. It supports fast charging, and the fast charging time is 0.5 hours. Among them, the 402km battery life models are equipped with lithium iron phosphate batteries, and the 520km and 620km models are equipped with ternary lithium batteries.


● Pre-sale: New Skyworth HT-i

   At the 2023 Shanghai Auto Show, the new Skyworth HT-i was officially launched and pre-sold simultaneously. A total of four different levels of configurations, AIR, PLUS, MAX, and President’s Edition, were launched.The pre-sale price range is 14.00-26 0 yuanThe new Skyworth HT-i is positioned as a medium-sized plug-in SUV. The pure electric cruising range of the new car in WLTC working conditions is 81km and 145km.

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Skyworth Automotive, Skyworth HT-i 2023, President's Edition

  In terms of appearance, the new car continues to adopt the design language of "attractive force wave" aesthetics, which starts to spread outward from the center point of the front of the car. The straight headlights on the left and right sides and the penetrating air intake below stretch the visual effect of the front face, and the overall shape is very fashionable.

Skyworth Automotive, Skyworth HT-i 2023, President's Edition

Skyworth Automotive, Skyworth HT-i 2023, President's Edition

  From the side, the tough waistline traverses the body, and the slow and fast charging charging interfaces are located on the main driver side. The rear shape is round and full, using the current popular through-type taillights, and the bottom is surrounded by light colors. The through-type taillights are also inlaid with the English name of the brand.

Skyworth Automotive, Skyworth HT-i 2023, President's Edition

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  In terms of interior, the new car adopts a 12.3-inch full LCD meter and a 12.8-inch central control screen size. The vehicle retains many traditional physical buttons, and at the same time uses a shift knob to enhance the sense of technology in the car. It is also worth mentioning that the new car seats are made of leather and fur splicing, which is not common in the same price model.

Skyworth Automotive, Skyworth HT-i 2023, President's Edition

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  In terms of power, Skyworth HT-i is equipped with a 1.5L high-efficiency engine dedicated to Xiaoyun-plug-in hybrid system, with a thermal efficiency of 43.04%, a maximum power of 81kW, a maximum torque of 135N · m, and a total motor power of 130kW and a total torque of 300N · m. The maximum capacity of the ternary lithium battery pack is 33kWh, and the pure electric battery life of 145km under WLTC conditions supports fast and slow charging.


● First release: Ruilan 7

  At the 2023 Shanghai International Auto Show, the production version of the Rui Lan 7 under the Rui Lan flag was officially launched, and the vehicle adopted a coupe SUV shape and a rear-drive layout.

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  The new car has the latest family design style, the front face is equipped with a through LED light strip and split headlights. In addition, the closed front grille of the new car makes the overall visual effect more concise, and it is more in line with the current popular design style of electric vehicles. At the same time, the front logo is also "LIVAN".

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  On the side of the body, the Rui Blue 7 shows a standard coupe SUV style, with a two-tone roof and a slippery back. The flowing body lines allow the vehicle to have an ultra-low wind resistance of 0.238Cd. At the same time, the through-the-taillight style at the rear also echoes the headlights.

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  The interior design is more scientific and simple, and the design of a large number of horizontal lines enhances the horizontal visual effect in the car. In addition, the dual-format steering wheel of the car adopts a two-color design, with a large-size floating central control screen, and a wireless charging area is designed under the central control screen.

  According to the official introduction, the Rui Lan 7 will be equipped with different capacity capsule batteries, with a CLTC range of 550-750 kilometers and the ability to exchange power. The vehicle is equipped with multiple lidars to achieve L2-level driving assistance.


● First release: Shanhai Cannon HEV version

  On April 18, the 2023 Shanghai Auto Show officially kicked off. At this auto show, the Great Wall brand brought the HEV version of Shanhai Cannon to consumers. As new energy models, they will have more economical fuel consumption performance.

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  The new car will continue the overall design of the fuel version. The front of the car adopts a large-area chrome-plated horizontal grille, and with large-size light groups on both sides, it looks luxurious and atmospheric. The size and grade of the new car will not be adjusted. Refer to the fuel version. Its length, width and height are 5440/1991/1924mm, and the wheelbase is 3350mm. It can also be seen from the side that the new car has a strong sense of muscle, and the prominent front and rear wheel arches are full of strength.

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  In terms of interior, we have not photographed the interior details of the car at present. With reference to the current model, it is expected to continue to pay attention to the creation of luxury, with adjustable rear seats, seat ventilation and heating massage, 64-color ambient lights, 14.6-inch full touch screen, 12.3-inch digital meters, etc. In addition, the new car also has a panoramic sunroof of 873mm X850mm. In terms of power, the official has not disclosed the specific information of this car, and we will add content in the future.


● First release: Hechuang V09

  At the Shanghai Auto Show that opened on April 18, the Hechuang V09 Razer version was officially unveiled. The new car is also a modified version model, which is upgraded based on the Hechuang V09. As a trendy concept car, its shape and color scheme are very characteristic. Previously, the official released the co-creation design activity of the car.

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  The appearance of the new car adopts an all-black color scheme, which looks more fierce with the Razer LOGO. The modified model adopts a new design style, the headlights and the grille are almost integrated, and the bottom is equipped with a daytime running light similar to the beard shape. The front face is decorated with fluorescent green front bar and lower lip anti-collision strips, which are full of styling.

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  The design of the side is very characteristic. The Hechuang V09 actually uses a straight roof line, but the car is outlined with a fluorescent green color scheme, which visually seems to show a slightly tilted effect from the rear. In addition, the car also uses a closed wheel design to enhance the sense of movement.

  尾部的造型稍显平直,不过最为醒目的是该车的尾灯,搭配上车尾的刹车警示灯,看上去更像是一个小怪兽。

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  内饰同样进行了改装,基于合创V90进行了升级,内饰的配色上除了与外观相搭配外,在其后面还设置了大面积的显示屏,内置电脑游戏界面,此外该车还将配备键盘,从功能性来看,该车将在车内实现游戏竞技。

  新车动力尚未公布,作为参考,合创V09标配800V高压系统、高能量密度电池,实现超过750km的续航,并配备Hi-EMS能量管理系统,实现380千瓦功率4C超级快充,最快5分钟充电200km。新车还搭载H-VIP 3.0智驾互联系统,搭载激光雷达,可实现高阶辅助驾驶。


● e:NS2 Prototype原型车

  在2023上海车展上,东风本田为我们带来了e:NS2 Prototype原型车,新车采用了极为简洁的设计语言进行打造,整体拥有比较强的科技感。此外,新车基于纯电动车专属的智能高效纯电架构“e:N Architecture F”进行打造,仍是定位SUV车型。发布会现场,本田中国宣布全面进入电动化时代,2027年之后,本田在中国推出的所有车型均为混合动力车型和纯电动车,不再投放新的纯燃油车型;到2035年,本田中国将实现纯电动车销售占比100%。

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【从左到右依次:e:N SUV 序、e:NS2 Prototype、e:NP2 Prototype、e:N GT Concept】

  同时,本田中国计划于2024年内上市的本田e:N品牌第三弹电动车的概念车“e:N SUV 序”全球首发。此外,本田e:N品牌的产品矩阵还将得到进一步的丰富和扩大,This auto show also brought the fourth bomb model e: N GT Concept, and the research and development of the production car built on this basis is also progressing smoothly. Like the third bomb, the fourth bomb model will also adopt a new pure electric vehicle exclusive architecture "e: N Architecture W", and is planned to be launched after 2025.

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  The exterior design of the e: NS2 Prototype prototype car was developed and created by Honda’s China headquarters team. This appearance is described in Honda’s own words: it adopts the forward-looking design concept of e: N Design, adding sharp-edged shapes and sharp movements that break through the boundaries between reality and the future. The side of the body adopts a large-angled slipback design, reflecting a more dynamic styling style, and also reflects that the car will be positioned in favor of your youthful and sporty orientation.

  In the rear part of the car, the new car adopts the current popular taillight design, which has a relatively sharp outline and sharp edges, with certain sci-fi attributes. This design, combined with the raised rear eyebrows, can enhance the sense of technology while also making the vehicle more cross-border atmosphere.


● First release: RC ESSENCE Benzhi

   At the 2023 Shanghai Auto Show, Feifan Automobile introduced a new concept car, RC ESSENCE Benzhi, which will reveal the next generation product language of Feifan Automobile.

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  RC ESSENCE Benzhi will be a crossover SUV concept car that follows the Uni-Shadow integrated profile design concept, showcases the next generation product language of Feifan, and creates a smart and comfortable travel experience for the future. In terms of details, the front face of the new car uses tear-eyed headlights, and the daytime running lights are two thin line segments, which are very simple.

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  The side of the new car is slender, and the A-pillar tilt is very large, creating a sense of sports. The new car also uses low-drag wheels, and the swirl-shaped design is very sci-fi. In addition, the new car is equipped with electronic exterior mirrors. At the rear, the 7-shaped taillights that are almost the same length up and down are very distinctive.

  The debut of this new concept car also shows Feifan Automobile’s breakthroughs and innovations in the field of electric vehicles. At present, there is still relatively little other information about the new car. Please look forward to the follow-up reports from Autohome.


● 预售:福田火星7

   在2023上海车展上,福田汽车全新皮卡火星7正式亮相并开启预售,共推出搭载柴油动力的乐享型、精英型、豪华型三种级别配置的车型,预售价格区间11.88-16.88万元。新车基于福田全尺寸皮卡平台开发,动力系统可选2.0T柴油发动机和48伏轻混系统。

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Foton Motor, Foton Mars 2023, Mars 7 2.0T Diesel Long Shaft 4F20TC17

Foton Motor, Foton Mars 2023, Mars 7 2.0T Diesel Long Shaft 4F20TC17

  福田火星7基于福田汽车全新P4平台,集乘用化、高端化、智能化于一身。造型上前格栅和前灯组设计与现款福田大将军G9类似,很有辨识度,前进气格栅造型方正,内部增加了两条横置的镀铬饰条。另外,我们可以看到,该车的前格栅、前灯组、前包围的尺寸都非常大,两侧的大灯组内部采用了双“C”形状的LED日间行车灯,视觉效果不错。车身尺寸方面,新车长和宽分别为5797/2090mm,轴距3505mm。

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  内饰方面,福田火星系列皮卡中控台配备悬浮式多媒体显示屏,尺寸为14.6英寸。除此之外,火星系列车型还可提供全景天窗、货箱尾门液压缓降、前/后桥电控差速锁和全液晶仪表盘等。

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  动力方面,火星系列皮卡规划有2.0升和2.5升两种排量发动机组成的混动系统。其中,先期上市车型将搭载2.0T柴油发动机匹配48伏轻混系统,工信部申报功率为120千瓦,官方公布的最大扭矩为450牛·米,传动系统匹配采埃孚8速自动变速箱。后续,火星系列皮卡还将匹配DHT混动系统,以及电池容量为100千瓦时的车型。


● 首发:iCAR 03

   在2023上海车展上,奇瑞新能源iCAR 03车型正式亮相。该车定位为新能源硬派SUV,整车造型看上去非常硬朗。

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Chery New Energy iCAR 03 2023, basic type

Chery New Energy iCAR 03 2023, basic type

Chery New Energy iCAR 03 2023, basic type

Chery New Energy iCAR 03 2023, basic type

  iCAR汽车是在现有iCAR生态上进行的升级,主要面向15-40万主流消费区间。未来在奇瑞的新能源板块上,将有奇瑞新能源和iCAR汽车两条独立平行的品牌产品线一同发力。

Chery New Energy iCAR 03 2023, basic type

Chery New Energy iCAR 03 2023, basic type

  From the appearance, the new car adopts a more square shape, with short front and rear overhangs and a four-door design, and the body is a steel-aluminum mixed body structure.

Chery New Energy iCAR 03 2023, basic type

Chery New Energy iCAR 03 2023, basic type

Chery New Energy iCAR 03 2023, basic type

  The front face is simple, elegant and innovative. The headlights and LOGO are designed with upright LED light sets, which echo each other. The front looks a bit like the three letters "i".

Chery New Energy iCAR 03 2023, basic type

  The front grille is designed with dense vertical stripes, which is also relatively novel.

Chery New Energy iCAR 03 2023, basic type

Chery New Energy iCAR 03 2023, basic type

  A straight line is applied to the side of the body, and the waist line and roof line are relatively straight to create a tough off-road vehicle image.

Chery New Energy iCAR 03 2023, basic type

Chery New Energy iCAR 03 2023, basic type

  According to previous information, in terms of body size, the length, width and height of the new car will not exceed 4200/1830/1700mm, but the wheelbase will reach 2700mm.

Chery New Energy iCAR 03 2023, basic type

In terms of tires, the exhibition car uses the CF1100 series of off-road tires from Comax, which looks quite rugged with 19-inch wheels, in line with the car’s focus on outdoor performance.

Chery New Energy iCAR 03 2023, basic type

Chery New Energy iCAR 03 2023, basic type

    The design of the tail is also very square. The tail lights are similar to the headlights in the "i" shape, while the tail door is opened sideways, and a square external tailbox is also provided.

Chery New Energy iCAR 03 2023, basic type

Chery New Energy iCAR 03 2023, basic type

    In terms of configuration, this car will be equipped with a roof rack, a large sunroof, five-spoke wheels, a square external hanging small schoolbag (or a storage box/toolbox), and support for NFC one-click unlocking.

Chery New Energy iCAR 03 2023, basic type

   In terms of power, this car uses pure electric drive and will launch a variety of battery life versions. The configuration is expected to be equipped with iCAR’s smart cabin smart driving technology and more than 20 smart sensors to achieve L2 + level autonomous driving. According to the official, the car has built-in all-aluminum girders, 30% more strength, and is equipped with 10 driving modes. In terms of power, although not much data has been released, the official said that the car will have a similar power level to the 2.5T engine.

Liu Yifei and Jackie Chan were accused of taking the opportunity to take an intimate photo (Photo)

  


  China Business Daily reported on April 8 that Jackie Chan, who likes to promote newcomers, "found" Liu Yifei this time. Recently, for the cover of a fashion magazine, Jackie Chan put down his busy work and shot with Liu Yifei, which once again made Liu Yifei feel flattered. Liu Yifei’s previous impression on the audience was usually a gentle and weak image. This time, the photo boldly challenged the sexy route, and even went into a vacuum, wearing a red dress and showing shoulders. Jackie Chan hugged Liu Yifei’s waist, and the two were very close in the photo.


  As soon as the photo was exposed, it immediately became a hot topic of comment on the Internet. When Zhang Ziyi shot "Rush Hour 2", the incident of "sitting on the thigh and feeding the raisins" was still fresh in many people’s memories. The intimate cover photo of Liu Yifei and Jackie Chan reminded Liu Yifei of repeating Zhang Ziyi’s old trick. "If you want to take the international route, you need to rely on Jackie Chan. Zhang Ziyi was then, and Liu Yifei is now." Such a statement has been rumored.


  In the face of doubts, Mr. Chen, the manager of Liu Yifei’s agency, said that Liu Yifei is an actor, and the most important job is to play well. Jackie Chan is very optimistic about Liu Yifei, indicating that Liu Yifei has the potential to become an international movie star. Liu Yifei definitely does not want to become famous by virtue of the care of some international movie stars. Reporter Tang Aiming

Editor in charge: Sun Jie

Dading breaks 30,000, delivers super 10,000, asks the new M7 Ultra to lead the new power

As consumers’ acceptance and demand for new energy vehicles continue to rise, brands have increased their R & D and innovation efforts, and actively launched models that integrate more cutting-edge technology, comfortable experience, and excellent quality to meet the diverse needs of the market, thereby further enhancing the brand’s market competitiveness. The new M7 Ultra, which was newly launched at the end of May, has quickly become the focus of the market with five extraordinary upgrades. It is set to exceed 30,000 units in 20 days of listing!

Dading super 30,000, delivery super 10,000, ranking first in sales of new power models in 2024

The official poster shows that the Wenjiexin M7 Ultra has exceeded 30,000 units in just 20 days since its launch, fully demonstrating the enthusiastic pursuit and deep trust of consumers. Not only that, the Wenjiexin M7 Ultra quickly exceeded 10,000 units in just 18 days, setting a delivery record for new power models in the Chinese market. At the same time, the Wenjiexin M7 also became the first new power model to exceed 100,000 units in 2024! This milestone achievement further consolidated its leading position as a "national SUV" and injected strong impetus into the development of the brand.

Driven by the excellent market performance of the new M7 and the hot sales of the new M7 Ultra, the new M7 series models have achieved remarkable results. As of June 16, the cumulative sales of the new M7 series reached 100,900, which not only ranked first in the sales list of new power models in the Chinese market in 2024, but also successfully surpassed the sales of the competing ideal L7 + L8 models, proving its strong market appeal and high recognition by consumers. Why is the new M7 Ultra so popular?

Five extraordinary upgrades, the ultimate smart price ratio, and the continuous leadership of hard core strength

Wenjie’s new M7 Ultra is a collection of "five extraordinary upgrades", bringing consumers an extraordinary experience with a more pleasing appearance, a more luxurious interior, a smarter smart car, and a more comfortable chassis. In terms of appearance, Wenjie’s new M7 Ultra follows the latest family-style front face design. The exquisite small grille makes the front of the car present a more complete profile, giving the whole car a stronger sense of technology. Standard with new 20-inch double seven-spoke star flicker wheels, the appearance is higher. Optional 21-inch double ten-spoke sports wheels, full of aura. The new interstellar blue body color and red tea orange interior color create a flagship homologous high-end texture and technological luxury.

In the interior part, the Hongmeng smart cockpit of the new M7 Ultra has added a star ring scatter, which allows the sound to cover the whole cabin more evenly. The logo star ring wraps the acoustic scattering groove with crystal texture, and cooperates with the dynamic lighting design, which has both sound and color. At the same time, it also makes Xiaoyi more concrete, sound and light linkage, and interaction more ceremonial. The oversized interior space upgrades the new Shuyun seat, which is based on the ergonomic spine line design, with precise fitting, and cooperates with the seat’s electric ventilation, heating, massage and adjustable waist support, providing a comfortable ride like a first-class seat.

The new M7 Ultra comes standard with HUAWEI ADS 2.0 high-order intelligent driving system, upgrades the 192-line lidar, the highest line number of mass-produced vehicles in the industry, and the whole vehicle is equipped with 27 sensing hardware. With high-performance computing platform and Huawei’s self-developed anthropomorphic algorithm, it realizes more comprehensive intelligent security protection and easier intelligent driving experience. As of May 2024, the urban pilot NCA has opened 40,000 + cities and towns, and the total mileage of intelligent driving is 220 million kilometers. The computing power of cloud learning and training has been increased to 3.5E FLOPS. It can not only be driven across the country, adding a comfortable feeling to the journey, but also driving better and better in the continuous evolution, making every trip easier and more comfortable.

Huawei Advanced Intelligent Driving also has the industry’s ceiling-level active safety capability, supporting omnidirectional anti-collision. Among them, the maximum effective range of the forward AEB is 4-150km/h, and the braking speed is increased to 120km/h, so as to achieve "people have my own advantages", and the lateral and backward active safety is "people have none". Statistics show that from September 2023 to May 2024, the new M7 actively avoided more than 80,000 possible collisions, effectively reducing the risk of accidents for users. In addition, Huawei Advanced Intelligent Driving also supports 160 + scenarios of intelligent parking, which can easily deal with crowded parking lots and difficult parking spaces.

In terms of driving comfort, the new M7 Ultra upgrades the CDC continuous variable damping shock absorber, and automatically adjusts the soft and hard suspension for different usage scenarios, bringing a more luxurious driving texture. Relying on Huawei’s hardcore technology, the new M7 Ultra realizes the intelligent coordination of ADS preview and CDC shock absorber automatic adjustment, further optimizing the driving experience. The software and hardware are fully upgraded, and with the joint adjustment of Huawei German Research Institute, the test result of the new M7 Ultra has been improved to 75.5km/h, effectively improving the stability and safety of driving control.

The new M7 Ultra has been upgraded with five extraordinary upgrades, reshaping the new benchmark of the value of the "National SUV". At the same time, the starting price of the 289,800 and the first-sale car purchase rights of the highest 35,000 have brought consumers a value-added experience without increasing the price. It has undoubtedly become the best choice for home smart SUVs.

Sancha capital market, Xiaomi’s optimistic smart driving company went to Hong Kong for IPO.

Author | Li Lan

Edit | Chapter Ripple

On March 30, three years ago, officer Lei announced to build a car. One hundred days later, Xiaomi led nearly 20 supply chain manufacturers such as Zongmu Technology, a smart driving solution provider.
As one of the first companies to invest and bet after Xiaomi entered the car, on March 28, 2024,On the day when Xiaomi’s first car, SU7, went public, Zongmu Technology also formally submitted a prospectus to the Hong Kong Stock Exchange, intending to list the main board.
This is the third listing of Zongmu Technology.
In January 2017, Zongmu Technology was listed on the New Third Board and delisted in December of the same year. The reason given was "needed for the adjustment of the company’s operation and development strategy".
In November 2022, Zongmu Technology science and technology innovation board’s IPO application was accepted by the Shanghai Stock Exchange, and it planned to raise 2 billion yuan, but in September 2023, it chose to withdraw its listing application in science and technology innovation board.
Now,Vertical scientific and technological choiceGive up science and technology innovation board and launch a sprint to the Hong Kong Stock Exchange.
fromAccording to the prospectus,Zongmu Technology has been more cautious in its wording this time, and put more emphasis on products. At the same time, before applying for IPO, it also carried out a series of "light" actions.
asThe "veteran" who broke into the capital market for the third time doesn’t know.Can the listing of Zongmu Technology go smoothly this time?
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The financial report has improved, and the business is exploring.
The most eye-catching part of the prospectus is that the gross profit margin has finally turned positive.
Compared with the unprofitable situation in November 2022, Zongmu Technology has achieved a positive gross profit margin. From 2021 to 2023, Zongmu Technology’s gross profit margin was -8.9%, -3.5% and 3.5%, respectively, corresponding to a gross profit of-20.07 million yuan,-16.29 million yuan and a profit of 17.33 million yuan. Revenue has a steady growth with a compound annual growth rate of 48.7%.

Moreover, the cash flow of Zongmu Technology has also become stable. According to the prospectus, there is still a lot of room for fault tolerance. As of January 31, 2024, Zongmu Technology had 33.2 million yuan in cash assets, leaving 1.19 billion yuan in unused bank facilities.
How did Zongmu Technology achieve "rebirth"?A lot of factors benefit from the continuous growth of the market as a whole.
Before the real commercialization of L4 comes, L2+ has the widest application prospect, among which, the "integrated operation and parking" has the highest cost performance. According to the monitoring data of the Institute of Advanced Technology Intelligent Automobile, in 2023, 3,504,800 new cars with automatic parking were delivered as standard in China market (excluding import and export), up by 22.10% year-on-year.
According to the data in the prospectus, in 2022, about 20% of the ADAS solution market for passenger cars in China will be automatic parking. Among them, APA solutions account for more than 80%. Based on the corresponding income in 2022, Zongmu Technology is the second in China and the first in China respectively.
At present, most parking and parking integrated solutions in the market are actually designed and integrated based on the 1.0 architecture, which simply combines the driving SoC and the parking SoC into one box. The biggest technical moat of technology is that only a single SoC can solve the two problems of parking and parking.
Although three of the top five automatic parking APA schemes are foreign suppliers,However, domestic suppliers have the advantage of being "close to the water", which is convenient to provide personalized customized services to domestic new energy vehicle enterprises. The market share of domestic suppliers has increased from less than 5% in 2018 to 16.7% in 2022, and it is expected to exceed 25.0% in 2027..

According to the data of burning knowledge consulting, in terms of sales revenue in 2022, the ranking of the company among mainland suppliers in China is as follows: Zongmu Technology ranks fifth in the ADAS market with a market share of 1.0%; Ranked second in the automatic parking solution market, with a market share of 4.9%; Ranked first in APA parking solution market, with a market share of 5.6%.
According to the prospectus,AVP and APA platforms have been used in 28 models, and the energy service robot for intelligent mobile energy solutions is equipped with L4-level autopilot function supported by Drop’nGo platform..
From the most basic composition, the products of Zongmu Technology can be divided into two main directions:First, intelligent driving hardware and solutions, including domain controller and camera, 4D millimeter-wave radar, ultrasonic radar and other gauge sensors; Second, provide research and development services related to autonomous driving.
The hardware part is divided into three products,That is, panoramic surveillance camera, automatic parking assistance function and autonomous parking function, which respectively correspond to three scenes: car panoramic "reversing radar", automatic parking in the car and remote parking outside the car..
A domain controller is a computer that manages specific vehicle functions or fields, such as active safety, automatic driving, parking or parking. The controller of Zongmu Science and Technology Domain collects data from sensors around the vehicle (including radar, camera and ultrasonic sensor) to build a model of the surrounding environment. The software algorithm embedded in the domain controller will then determine the appropriate action of the vehicle according to the model. Moreover, Zongmu Technology has also developed a separate software algorithm, which can be delivered as a comprehensive software embedded hardware product or as an independent software product.
Finally, the computing platform of Zongmu Technology provides the basis for all function iterations, and the Drop’nGo platform supports the development of intelligent driving functions from L0 to L4.
According to the prospectus, since its launch in 2017, the Drop’nGo platform has gone through several iterations, enhancing its multi-sensor data fusion capability, improving its adaptability to weather and lighting conditions, and expanding its application scenarios from indoor to outdoor.
The third generation of Drop’nGo platform can provide L2+ comprehensive intelligent parking function on passenger cars, and further empower energy solutions with L4 automatic driving function.
The hardware that science and technology can make money has changed year by year.
In December 2022, in the prospectus of Zongmu Technology,Describing himself as "one of the few first-class suppliers in China that can provide intelligent driving systems for automobiles, including L0-L4 intelligent driving control units and intelligent sensors", the importance attached to control units has declined.
From the perspective of income structure, Zongmu Technology mainly relied on car trajectory sensors for profit last year.
At present, the domestic self-driving auto market dominated by L2+ level still needs the second-gear APA integrated parking solution. According to the prospectus, the company is in a leading position in the market of ADAS, automatic parking and APA (automatic parking assistance system) parking solutions.

From the perspective of profitability, the highest gross profit margin is the R&D services related to autonomous driving. In 2021 and 2022, the gross profit margin reached 42.7% and 50.8% respectively. However, in 2023, there was a waist cut, only 18.6%. Looking at the technology, it is pointed out that this is mainly due to the increasingly fierce market competition and the increase in project complexity, resulting in increased costs.
From the data of the prospectus alone, although Zongmu Technology does not have much exponential growth, it still has extraordinary incremental space.

Moreover, there are more choices when getting through the depth of customers. As of December, 2022, the overall customer matrix is still relatively simple. Among them, Cyrus accounts for more than 50% of the revenue, and the top five customers account for nearly 90%. By 2023, the number one customer has dropped to 43.8%, the customer diversity has increased, and the ability to resist risks has also been significantly enhanced.
Zongmu Technology is also constantly adjusting its customer service mode, and the autonomous driving R&D service has received a large order. In December 2023, it successfully obtained the Amphiman 3000 fixed-point from Changan Automobile to support its new car platform for a series of models, and it is expected to be mass-produced in 2024.

However, Zongmu Technology is still at a loss.

From 2021 to 2023, the net losses of Zongmu Technology were 434 million yuan, 588 million yuan and 564 million yuan respectively, and the adjusted net losses were 382 million yuan, 477 million yuan and 516 million yuan respectively.The total net loss for three years exceeded 1.3 billion yuan.
Of course, Zongmu Technology also has an explanation for this persistent loss.Even similar to the contents in the prospectus required for listing in science and technology innovation board in 2022, the chip is too expensive.
According to Zongmu Technology,With the overcapacity of global chips, this adverse impact on costs will be significantly reduced in the future. After all, whether it is hardware upgrade or solution iteration, the core need is computing power..
02
High-profile financing, multiple IPOs
Zongmu technology has always been highly anticipated by the capital market.
In the latest shareholding structure, Hong Kong Zongmu is the largest shareholder of the company, holding 22.17% of the shares. As a concerted action, Tang Rui and his mother Li Xiaoling control 33.3% of the shares of the company through multiple entities. In addition, Junlian Capital holds 7.55% of the shares as the second largest shareholder, while Xiaomi Group, which has received much attention, ranks the fifth largest shareholder with 4.73% of the shares.

The earliest round of financing record of Zongmu Technology occurred in 2015. In the previous year, in 2014, Mobileye, the world’s largest ADAS manufacturer, landed on the New York Stock Exchange, which means that the track of ADAS has been verified and opened a financing channel for Zongmu Technology, which is on the same track.
In June, 2021, Zongmu Technology announced the formal completion of Series D financing with a cumulative amount of $190 million.. Among them, the D3 round was led by Xiaomi Changjiang Industrial Fund, and the investors included Fosun Chuangfu, Langtai Capital, Shanghai Kechuang, Industrial Bank, strategic investors Changan Automobile and Coboda Investment.
Zongmu Technology completed 9 rounds of financing before IPO, and the accumulated subscription amount reached 2.247 billion yuan. Among them, in the E round of financing in March 2022, Zongmu Technology raised 867 million yuan at the subscription price of 93.56 yuan/share, and the company’s valuation exceeded 9 billion yuan.
However, the financing journey of Zongmu Technology is always interrupted for various reasons..
Zongmu used to be very close to listing. On January 19th, 2017, Zongmu Technology was approved to be listed on the National Small and Medium Enterprise Share Transfer System (NEEQ) with the stock code of 870816. However, "considering the business strategy and compliance cost at that time, we adjusted the future development strategy". Less than one year later, Zongmu Technology completed the termination of listing on December 11th, 2017.
The vigorous Shanghai Stock Exchange in 2022 has almost become a reality. However, in the end, due to the development strategy and other reasons, Zongmu Technology voluntarily withdrew its previous A-share listing application, and the withdrawal was officially accepted on September 27, 2023.
In the meantime,There is also news from the pulse that Zongmu Technology has a saying that the salary of fresh graduates will be reduced by 20%.

It may be that the road to listing is not smooth and the top management has fluctuated.In February 2024,CTO Wang Fan joined Beidou Zhilian, and Wang Fan was one of the four core executives of Zongmu Technology. He started to build the Beijing Autopilot R&D Center, and completed the research and development of AVP1.0 in Zongmu Technology in 2017.
Fortunately, the new employee was the original team, and he was replaced by Jiang Weiping. He joined Zongmu Technology as early as 2013, and had previously worked in CSR Semiconductor Company and NVIDIA. Later, he left Zongmu Technology due to infighting and did not return to Zongmu until the end of 2022.
03
Go to the new track
On the premise that the APA market is saturated, Zongmu Technology tries to go further to the charging robot track.
In 2023, nearly 65% of Zongmu Technology’s revenue sources are car gauge sensors. Compared with technology companies, Zongmu Technology is more like a manufacturing enterprise. This may come from another manufacturing attribute of the founder, Tang Rui, CEO, who also founded Can Cong Robot.
In the official LinkedIn,The latest position of Zongmu Technology is the on-site operation and maintenance engineer of intelligent energy storage charging robot, and some positions are in Ningbo, mainly in Shanghai.

In late January of this year, Zongmu Technology and Can Cong Science and Technology launched the charging treasure in the automatic driving field and the low-speed fully automatic driving charging robot FlashBot. According to the prospectus,The first generation of FlashBot is equipped with 104 kWh storage capacity, which is one of the robots with the highest storage capacity among all L4-class self-driving energy service robots developed in the world.
Tang Rui said, "Can Cong robots are building a highly flexible mobile energy network to promote energy trading in a larger space-time range." At the application level, the most intuitive embodiment is to save electricity and money.
In December last year, two Flashbot were put into commercial operation in Zhangjiang Park, and an average of 272 kwh of electricity was purchased from the local microgrid every day, of which 185 kwh was sold back to the microgrid, and 87.5 kwh was used to provide charging service for new energy vehicles, with an average daily cycle of 2.6 times, which brought more than 12,000 yuan in income in that month, that is, the average daily net income of each device was close to that of 200 yuan.
Before the robot officially appeared, Zongmu Technology had actually been laying out its energy business.Zongmu Technology has also designed a set of SaaS software and a DragonNet program to maintain on-site operation. If the charging robot of Zongmu Technology can be commercialized, it may make some changes in the charging pile scene.
According to the data in the prospectus, from 2021 to 2023, the sales revenue of Zongmu Technology from wireless charging equipment and accessories for new energy vehicles was 129,000 yuan, 11.357 million yuan and 437,000 yuan respectively.
In addition, as an "external charging treasure" loaded with sensors, Flashbot is also a part of the flywheel that I hope to build. The energy service robot conducts algorithm training in different driving cases, and then gives data support to the ADAS car-level hardware.
Looking at the highlights of this reorganization of business, Zongmu Technology began to break through into more subdivided markets, and may be able to complete the listing more lightly. At that time, it will be the third listed company in the Xiaomi automobile industry chain after Sagitar and Hesai.

-END-

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Microsoft’s new Bing daily users exceeded 100 million, mainly due to the integration of AI chat bots.

On March 10th, local time on Thursday, Microsoft said that the number of daily users of its bing search engine exceeded 100 million, mainly because the new version of Bing integrated the artificial intelligence chat function, and the number of users of the company’s Edge browser was also growing steadily.

Yusuf Mehdi, vice president and chief marketing officer of Microsoft, said, "We fully realize that our market share is still very small and low, with only single digits." He said that compared with Google, Microsoft’s share in the search market is quite small. "On the other hand, it feels good to go to the dance!"

Google has not published the number of daily users of search engines. However, according to StatCounter, the market share of Google search engines in the United States is usually slightly lower than 90%, compared with 6% or 7% for Bing.

Microsoft said that there are "millions of active users" who are trying out the preview version of Bing with integrated artificial intelligence chat function, and about one third of them are people who have never used Bing before. Microsoft also attributed this to the slow but steady growth of Microsoft Edge browser. Microsoft Edge browser sets Bing as the default search engine. If users insist on switching to other search engines, Edge browser will repeatedly prompt users to switch back to Bing.

A month ago, Microsoft launched the artificial intelligence chat robot function in the limited preview version of Bing, with OpenAI’s Large Language Model (LLM) as the supporting technology. So far, Microsoft has made some adjustments to the behavior of robots to solve the problem that robots sometimes have strange and threatening content in conversations. One of the changes is to limit the number of responses that the chat bot can give in a single instance, because the longer the conversation, the easier it is for the bot’s response to deviate. Recently, Microsoft also introduced some "personalized" functions for chat bots to make the answers more direct or interesting.

Last month, Microsoft began to add "New Bing" function to Edge browser, Skype, Windows 11 taskbar and some development tools. In addition, Microsoft is also testing "multi-modal artificial intelligence" technology, which can handle various forms of input including images, text, audio and video. (Chen Chen)

Heavy policy is strong! The smart car sector slammed on the "throttle" and subdivided the industry chain leader.

The intelligent networked car is going on the road.

On November 2nd, the Ministry of Industry and Information Technology, together with the Ministry of Public Security, organized and drafted the Notice on Piloting the Access and Road Traffic of Intelligent Networked Vehicles (Draft for Comment). The "Notice" proposes that the two departments will select qualified road motor vehicle manufacturers and intelligent networked automobile products with automatic driving function with mass production conditions to carry out pilot access; For the intelligent networked automobile products that have passed the access pilot, the road traffic pilot will be carried out in the limited public road area of the pilot city.

Boosted by this news, the concept of A-share intelligent networked car went up collectively on November 2nd, and Qiming Information gained 2 consecutive boards. Many stocks such as Luchang Technology and Zhejiang Shibao went straight up to the daily limit.

Intelligent networked automobile industry has entered a "new era"

The intelligent networked car can process the data received by its sensors and accurately control the car, which can effectively reduce the traffic problems caused by drunk driving, speeding and other violations, improve the convenience of travel and realize intelligent transportation. With the development of artificial intelligence technology, smart cars can also effectively help the existing transportation industry to realize innovations such as automatic ports and intelligent freight transportation under closed road sections.

The core difference between the intelligent car and the traditional car lies in the automatic driving assistance system, the intelligent cockpit system and the car networking system. The most obvious features are intelligence, networking and platform. That is, intelligent cars are equipped with intelligent cameras, lidar and other sensing terminals, intelligent operating systems and artificial intelligence chips to realize over-the-horizon data acquisition and automatic driving; Networking means that cars are fully interconnected with people, cars, roads and clouds through on-board units to realize data interconnection; Platform is the realization of vehicle-related services such as traffic management and information services, and gradually migrates to the cloud platform.

The upstream enterprises of the intelligent automobile industry chain include the manufacturing industries of perception, control and communication systems, and their main products include chips, radars, maps, etc. The midstream enterprises include executive system manufacturing industry, and the main products include intelligent central control panel, etc. Downstream is mainly the service industry of development, testing and operation.

In recent years, the state has continuously paid more attention to smart cars, and Shenzhen, Shanghai, Beijing, Chongqing and other places have issued relevant policies to support the development of intelligent networked cars and related industries. Among them, the Regulations of Shenzhen Special Economic Zone on the Administration of Intelligent Networked Vehicles came into effect on August 1st this year. This is the first regulation on the administration of intelligent networked vehicles in China, which clearly defines the access rules, road rights, rights and responsibilities of automatic driving. The Implementation Plan for Accelerating the Innovation and Development of Intelligent Networked Vehicles in Shanghai deploys key areas such as car gauge chip, artificial intelligence algorithm, laser radar, on-board operating system, intelligent computing platform, and drive-by-wire execution system, etc., and promotes supporting construction such as car-road coordination. It is proposed that the industrial scale will reach 500 billion yuan by 2025, and L2 and L3 cars will account for more than 70% of new car production.

It is understood that nearly 30 cities across the country have issued more than 1,000 road test licenses for more than 80 enterprises. High-grade intelligent networked cars have carried out large-scale manned test demonstrations in specific scenes and special areas. In addition, 17 state-level test demonstration zones, 4 state-level vehicle networking pilot zones, and 16 pilot cities for smart city infrastructure and intelligent networked vehicles have been built nationwide. Forty-four provinces and prefecture-level cities have issued detailed implementation rules for road testing, completed more than 3,500 kilometers of intelligent road reconstruction, and built 2 million 5G base stations, expanding from single road testing to regional demonstration, and gradually promoting industrial scale and commercial development.

What other industrial chain stocks are worth looking forward to?

At present, the strong support of the policy guides the autonomous driving industry to usher in a rapid development, and the trend of localization substitution brings new opportunities to domestic manufacturers. The field of smart cars is becoming a strategic highland of a new round of scientific and technological revolution and industrial revolution. With the continuous maturity of autonomous driving technology and the improvement of upstream algorithms and chip computing capabilities, the future cost is expected to be further reduced, and the profitability of the industry is expected to be significantly improved. The intelligent networked automobile industry will usher in a golden period of development, and listed companies in related technical fields are also expected to welcome the market:

Intelligent cockpit field:

Huayang Group, Desai Xiwei, Zhongke Chuangda and Junsheng Electronics

Intelligent driving field:

Baolong Technology, Huayu Automobile, Bethel, NavInfo