EV Morning News| Geely and SAIC issued a statement refuting the rumor, saying that they have never held separate negotiations with the EU; Ideal Cars delivered 152,800 units in the third quarter and are expected to deliver more than 160,000 units in the fourth quarter. They plan to launch 11 new models next year

▌ News, ▍ Geely and SAIC issued a statement refuting rumors that they had never negotiated separately with the European Union.

According to media reports yesterday, a document released by the European Commission showed that SAIC, Smart and Volvo had separately provided a price commitment plan to the European Commission.

The report sparked a strong reaction at a time when China’s Ministry of Commerce strongly opposes the EU’s imposition of countervailing duties on Chinese electric car companies.

Geely Group, including its Volvo and Smart brands, has always promoted negotiations under the guidance of the China Chamber of Commerce for the Import and Export of Mechanical and Electrical products, and all proposals submitted have been put on record, and have never privately communicated and negotiated with the European Commission, Geely stressed in a statement on October 31st.

Geely Group participated in the consultation talks between the Mechanical and Electrical Chamber of Commerce and the European Commission in Brussels, and rejected the European Commission’s request for separate communication during the consultations.

Geely Group said that it will firmly support the industry negotiations, safeguard the overall interests of the industry, and actively contribute to promote the negotiation process.

At the same time, Geely warned that it would take legal measures against false reports to safeguard its legitimate rights and interests and image.

On the same day, SAIC issued a statement saying: “recently, some media released reports citing the view of the ‘final report of countervailing investigation’ unilaterally disclosed by the EU that SAIC conducted price commitment negotiations with the European Commission alone.

After SAIC’s internal self-investigation and communication with the relevant state authorities, the above reports seriously deviated from the facts and were pure rumors.

▍ ideal delivered 152800 vehicles in the third quarter and is expected to deliver more than 160000 in the fourth quarter.

It is planned to launch 11 new cars next year.

According to the first Electric, it released its unaudited financial results for the third quarter of 2024.

In the third quarter, the company’s revenue reached 42.

9 billion yuan, compared with 34.

68 billion yuan in the same period last year, an increase of 23.

6% over the same period last year, while exceeding the market expectation of 41.

27 billion yuan, an increase of 35.

3% from a month earlier.

The net profit was 2.

8 billion yuan, up 0.

3% from the same period last year and 156.

2% from the previous month.

The adjusted net profit attributed to shareholders was 3.

84 billion yuan, an increase of 11% over the same period last year.

In the third quarter of 2024, the total delivery volume of ideal cars was 152831, an increase of 45.

4% over the same period last year.

The company’s performance outlook for the fourth quarter is 43.

2 billion yuan to 45.

9 billion yuan in revenue and delivery volume is expected to be between 160000 and 170000 vehicles.

Li Xiang, founder of ideal Automobile, said on the conference call that although many people think that more than 300000 of pure electric SUV products are difficult to sell, there is actually a lack of competitive models such as the ideal L7, L8 and L9 in the market, so there is still a lot of room for development in the medium and large SUV market.

Li Xiang said he plans to launch five extended-range models, one super flagship and five pure electric models by 2025, three of which will be equipped with electric all-wheel drive and 5C charging technology.

Recently, a new all-electric model called the M8 or M9 has been exposed in the road test of ideal car, which is expected to be available in 2025.

According to ▍ sources, Chinese car companies have been ordered to suspend investment in European countries that support taxes on China.

According to Reuters, two people familiar with the matter said that China has instructed its carmakers to suspend large-scale investment in European countries that support additional tariffs on Chinese-made electric vehicles.

This strategy is likely to further exacerbate divisions within Europe.

The new EU tariff, which is as high as 45.

3 per cent, came into effect after a year of investigation, leading to dissent within the EU and triggering retaliation from Beijing.

At a meeting held by the Ministry of Commerce, Chinese automakers, including BYD, SAIC and Geely, were told that heavy asset investment plans such as factories in countries that supported the tariff proposal should be suspended.

At the same time, several foreign carmakers also attended the meeting, where participants were told to be cautious about investing in countries that abstained and were encouraged to invest in countries that voted against tariffs.

Chinese carmakers’ investment plans in Europe have been affected, suggesting that Beijing is seeking to exert influence in negotiations with the EU on tariffs to avoid a sharp drop in electric vehicle exports to key markets.

In 2023, the European market accounted for more than 40% of China’s electric vehicle shipments.

▌ domestic, ▍ deep blue car October orders exceeded 36000, the first electric October 31 news, deep blue cars released October order data, as of 22:28 in the evening of October 31, the monthly order volume reached 36212 units.

Deng Chenghao, CEO of Deep Blue, said that while the target of delivering 30, 000 units in October was still difficult, production capacity had gradually increased, with an all-out sprint to deliver 30, 000 or more units in November.

, ▍ Xiaomi car nationwide push city NOA function, October 31st first electric news, Xiaomi car announced on October 30th that the nationwide city NOA function full launch, the version number is OS1.4.0. The product manager issued a letter detailing the situations that intelligent assisted driving might encounter, such as complex intersections, special lanes and avoid detours, and stressed the need for user intervention if necessary.

Xiaomi city navigation function is based on Xiaomi HyperOS system and city NOA technology to provide intelligent driving assistance experience.

According to Lei Jun a few days ago, Xiaomi intelligent driving will be equipped with end-to-end large models and visual language models to achieve “parking spaces, you can use them when you get on the bus”.

It is expected to open the internal test of the directed invitation at the end of November and the vanguard version of the push by the end of December.

▍ upgraded Chiyang 2.1.0 to enhance intelligent experience and color vision.

On October 31st, Xilai announced an Alder Chiyang 2.1.0 upgrade for its first-generation platform models, involving the first generation of ES8, EC6, ES6 and other models.

The upgrade brings a number of new features, such as car Q & A, large model encyclopedia, etc.

, designed to enhance the user experience.

The specific contents include fun expression function, so that NOMI can intelligently express the expression in the corresponding context.

car question and answer function, users can consult vehicle information, etc.

large model encyclopedia function, enhance the knowledge richness and reasoning ability of NOMI.

unlimited fun chat function, enhance the ability of empathy in dialogue.

navigation color vision auxiliary mode, redesign navigation color matching.

add Tencent smart parking payment application.

support the use of the fourth generation replacement power station.

▍ ideal car overcharging stations exceeded 1000, with a target of 2000 stations completed within this year.

The first electric car announced on October 31 that its charging network had reached the milestone of 1000 overcharging stations.

Since the development of overcharging technology at the end of 2020, ideal cars have deployed different products and business models in high-speed and urban scenarios, of which nearly 70% are 5C supercharging stations and 30% are 2C supercharging stations.

The company aims to launch 2000 overcharging stations this year.

The fixed point of more than 2000 stations has been completed.

Sun Guangmin, vice president of ideal automobile charging network, said that the construction cost of a single station overcharging station is controlled at about 1 million yuan, while the greater cost lies in the later systematic operation and maintenance operation.

Tang Huayin, head of electric products for ideal cars, said that the company had considered the power exchange mode, but finally decided to solve the problem of energy supplement on the product side and develop extended-range electric vehicles.

▍ AY2 pure electric car exposed, expected to debut in Guangzhou Auto Show within 100000 yuan, November 1, the first electric news, Guangzhou Automobile A0 class pure electric car AY2 live picture exposure.

The new car, designed in the latest global style of the Ian family, is expected to be unveiled at the Guangzhou Auto Show in November at a price of less than 100000 yuan.

The AY2 will be equipped with the latest advanced smart driving technology, which is relatively rare in the same class, and most competitors only offer L2-level driving assistance.

After its launch, AY2 will compete with Geely Star wish, BYD Dolphin and other models.

, EV Morning News| Geely and SAIC issued a statement refuting the rumor, saying that they have never held separate negotiations with the EU; Ideal Cars delivered 152,800 units in the third quarter and are expected to deliver more than 160,000 units in the fourth quarter. They plan to launch 11 new models next year, the front of the AY2 is short and round, and the LED light group is matched with the black lower grille to show the modern simple style.

The roof is not equipped with lidar, so pure visual smart driving may be adopted.

The side of the car is slender, with a suspended roof, a blackened exterior rearview mirror, a semi-hidden door handle and a two-color semi-closed hub.

The body with the same color panel at the D-pillar position adds to the flu.

The shape of the rear is simple and full, the oval taillight is added with a “C”-shaped light belt, and the bottom is blackened in a large area to be surrounded with irregular spoiler to enhance the movement flavor.

▍ Ningde Times promotes super hybrid batteries, and nearly 30 new models will be equipped.

Luo Jian, general manager of Ningde Times Marketing Department, recently said at a media conference that hybrid models play an important role in the transformation of new energy.

Sales of extended range and mixed models grew much faster than pure electric models in September compared with the same period last year, and the market demand for mixed models is strong.

Ningde era launched Snaplight super hybrid battery, pure electric continuous flight of more than 400 kilometers, with 4C overcharge capacity, nearly 30 hybrid models are expected to be equipped with this battery.

▍ BYD Teng Z9 will be launched at the Guangzhou Auto Show on November 15, positioning the D-class smart luxury sedan.

Zhao Changjiang, general manager of BYD’s Teng Teng sales Division, announced on Weibo on October 31st that Teng Z9 will be officially launched at the Guangzhou Auto Show on November 15, positioning it as the D-class smart luxury flagship sedan.

Zhao Changjiang plans to disclose the information of Teng Teng Z9 in advance via live broadcast on November 1.

Teng Teng Z9GT and Teng Teng Z9 “double flagship” began pre-sale on August 20, with a pre-price range of 339800 yuan to 419800 yuan.

Among them, Teng Teng Z9GT has been listed on the market on September 20, with a limited listing price of 334800 yuan before the end of the year.

▍ Great Wall Motors plans to raise up to $1 billion in bonds and its shares fell 3.9%. According to Bloomberg, Great Wall Motors is considering issuing convertible bonds to raise up to $1 billion.

The company has held preliminary discussions with advisers on a potential bond issue, but has not yet made a final decision.

Great Wall’s Hong Kong-listed shares closed down 3.

9% on the day, but are up 22% this year, with a market capitalization of $26.

6 billion.

The financial fundamentals of Great Wall Motor are stable, operating income and net profit increased in the third quarter, and the gross profit of the whole vehicle exceeded 20%.

▍ automobile profits plummeted 28.

5% in September, and auto companies focused on fist models to cope with the cold winter of the market.

According to the latest data from the Federation of passengers, the total profit of the automobile industry in September was 32.

4 billion yuan, down 28.

5% from the same period last year, and the profit margin dropped to 3.

4%, the second lowest in nearly four years.

In the fierce market competition, car companies began to concentrate resources to promote fist models and strategically give up marginal products.

▍ Geely Galaxy Starship 7 is equipped with Raytheon EM technology: fuel consumption is only 3.

2L per hundred kilometers and has a range of more than 2300 kilometers.

according to the first electric news on October 31, Geely recently released a new generation of Raytheon EM super hybrid technology, which includes EM-i single-gear and EM-P third-gear drive structures, focusing on fuel saving and performance, respectively.

Geely Galaxy Starship 7 model equipped with this system, the official CLTC 100 km power loss fuel consumption of 3.

75L, while the media measured average fuel consumption is even lower, only 3.

2L/100km.

Under the mode of 22 ℃ air conditioning and low energy recovery, the average fuel consumption measured by 14 media is 3.

2L/100km, with the highest 3.

8L and the lowest 2.3L. ▌ International, ▍ German auto industry strongly opposes EU tariffs on Chinese electric vehicles.

The German auto industry strongly condemns EU tariffs on Chinese electric vehicles, arguing that it will have a negative impact on global free trade, European prosperity, job security and economic growth, the Nikkei News reported on October 31.

Hildegard Mueller, president of the German Automobile Industry Association, pointed out that the risk of trade conflict between China and the EU has increased, and the German auto industry has been affected by weak demand.

Volkswagen Group’s operating profit plunged 42 per cent in the third quarter compared with the same period last year.

In addition, Volkswagen expects the European car market to grow by only 1% to 2% next year, making it difficult to return to pre-epidemic levels.

The German auto industry is in trouble, with thousands of workers striking for higher wages.

The EU imposed tariffs on Chinese-made electric cars to further hit German automakers, especially Volkswagen’s Chinese joint venture partner SAIC, which faces an import tariff of 45.3%. Profits of Mercedes-Benz and Porsche also fell sharply in the third quarter.

Critics point out that EU tariffs will raise the price of electric cars and affect consumers’ willingness to buy, which in turn will affect the achievement of European climate targets, and carmakers could face fines on carbon emissions.

China is likely to take counter-measures by imposing tariffs on traditional fuel cars imported from Europe, dealing a major blow to German carmakers.

▍ Stellantis’s third-quarter revenue fell 27%.

On October 31st, Automotive House reported that Stellantis Group recently reported third-quarter 2024 results, with net revenue of 3.

3 billion euros, down 27% from a year earlier.

Shipments decreased by 20% compared with the same period last year, and the decline in revenue was mainly affected by reduced shipments, poor structure and product pricing.

Stellantis Group has completed 3 billion euros of share buybacks and returned 7.

7 billion euros to shareholders in 2024.

It is expected to have an adjusted operating profit margin of 5.

5% to 7.

0% for the full year and negative 5 billion euros to minus 10 billion euros in free cash flow.

▍ global manufacturers accelerate the research and development of all-solid-state batteries, and the output is expected to reach GWh level in 2027.

According to the survey report released by TrendForce Jibang Consulting on October 31, global manufacturers such as Toyota, Nissan and Samsung SDI have begun to trial-produce all-solid-state batteries and are expected to reach GWh level by 2027.

All-solid-state batteries have attracted much attention because of their potential to improve battery safety and energy density, but they still face production costs.

The challenge of high, complex process and incomplete supply chain.

At present, the loading capacity of semi-solid battery has reached GWh grade, and the energy density of the cell is 300-360Wh/kg.

However, due to the small manufacturing scale and immature technology, the price of the battery is higher than 1 yuan / Wh.

TrendForce expects that with the expansion of manufacturing scale and the maturity of technology, the cost of semi-solid state battery is expected to drop to less than 0.

4 yuan / Wh by 2035.

The all-solid-state battery is moving from the sample cell to the engineering stage.

It is expected that when the application scale is larger than 10GWh after 2030, the cell price will drop to about 1 yuan / Wh.

after large-scale market promotion in 2035, the cell price may drop to 0.6-0.7 yuan / Wh.

Among the different solid electrolyte technology routes, the polymer route is relatively mature and has cost advantages, the oxide route is stable but difficult to process, and the sulfide route has great potential for comprehensive performance because the ionic conductivity is close to the liquid electrolyte.

but at present, the cost is on the high side and the production environment is strict.

▍ Volvo plans to buy shares in Northvolt to control battery joint venture NOVO Energy.

Volvo is seeking to acquire Northvolt’s stake in NOVO Energy, a battery joint venture between Volvo and Swedish battery maker Northvolt, which plans to build a battery factory in Gothenburg, Sweden, Bloomberg reported on Oct. 31. Volvo said battery production would depend on the participation of third parties or partners and had no plans to produce its own batteries.

The move comes after Northvolt violated the shareholder agreement and Volvo will exercise redemption to take full ownership of the NOVO Energy project.

▍ Porsche vice president warned: Germany may become a poor country due to the elimination of internal combustion engines, fast technology news on October 31, Porsche vice president Lutz Meishke recently warned that phasing out internal combustion engines will make Germany into poverty.

Porsche electrified aims to account for 80% of total sales by 2030, but sales and profits fell sharply in the first three quarters of this year, prompting management to rethink its motorized strategy.

The EU will impose stricter fuel consumption regulations from 2025 and ban the sale of fuel cars in 2035, which could lead to the bankruptcy of German companies.

German car companies such as Volkswagen, BMW, Audi and Mercedes-Benz still rely mainly on fuel cars.

If they transform into electric vehicles, there will be a huge gap in cost between them and those in China.

Porsche Chief Financial Officer Maesig called on the European Union to abandon the strategy of phasing out internal combustion engines and consider using technologies such as electronic fuels.

▍ Tesla California electric car market share is still more than 50%, intensified competition share fell slightly, TechWeb reported on October 31st, Tesla’s leading position in the electric vehicle market has been challenged.

Despite increased competition, Tesla still has more than 50 per cent of the market in California.

In the first three quarters of this year, Tesla sold 159619 electric vehicles in California, with a market share of 54.

5 percent, down 8.

5 percent from the same period last year, according to the California New car Dealers Association.

Despite the decline in sales and market share, Tesla is still well ahead of other manufacturers, with Hyundai and BMW ranking second and third with 5.

6 per cent and 5 per cent market share, respectively.

▍ Tesla Model Y Plaid exposure: new taillight design, battery life or super 800km, fast technology news on October 31st, Tesla’s new Model Y Plaid appeared in South Carolina without camouflage.

The new car taillight adopts C-type penetrating design with distinct layers, with exaggerated rear spoiler and Plaid exclusive tail mark added at the rear, which indicates that Model Y will launch a high-performance version.

The front face changed significantly, using split headlamp group and penetrating LED daily running lamp.

The side of the car maintains the sedan style and is equipped with dynamic black double five-spoke wheels.

The seat is suspected to be updated to the same sports style as Model 3.

Power is expected to continue cash, rear wheel drive version of the maximum power of 220kW, long-range all-wheel drive version of 331kW, high-performance version of 357kW, peak torque of 659Nm, 0-100km/h acceleration of 3.7s. The new Model Y may be equipped with a large 95kWh battery pack to improve energy efficiency management and aerodynamic performance, and the battery life is expected to exceed the 800km as far as possible.

▍ Renault has partnered with Nissan to develop a people-friendly electric subcompact to cope with Chinese competition.

Renault and Nissan are in talks to launch an electric subcompact based on the Renault electric Twingo model, which is expected to be available in 2026 for less than 20, 000 euros, Reuters reported on Oct. 31. The move is aimed at speeding up the launch of people-friendly electric cars in response to Chinese competition.

Renault had talks with Volkswagen on the joint development of the model, but the cooperation ended in May and Renault will continue to press ahead with the project independently.

Makoto Uchida, CEO of Nissan, said the new model would expand Nissan’s product line in Europe and sell it at a reasonable price, marking an expansion of cooperation with Renault.

▍ Ford CEO driving Chinese electric car caused controversy, American netizens are dissatisfied with its support for Chinese brands, Fast Technology, October 31 news, American Ford Motor Company CEO Jim Farley revealed that he has been driving Chinese Xiaomi SU7 electric car for the past six months, saying that he does not want to drive the original car.

This remark drew criticism from American netizens and media commentators.

Jason Isaac, CEO of the US Energy Research Institute, said it was a slap in the face to Ford employees, who received huge subsidies to support the production of electric cars in the United States, while Farley chose Chinese products.

James Taylor, director of the Hartland Institute, pointed out that China’s electric cars are cheap because of low wages and control of the mineral supply chain, and the United States should support gasoline vehicles rather than compete with China for the electric car market.

Farley explained that the test drive of Xiaomi SU7 was to get to know competitors, and that his daily car was still Ford Electric Fmuri 150 Lightning, but the explanation did not quell the controversy.

▍ Waymo develops a new AI model, EMMA, to help autopilot decision-making.

according to the first electric news on October 31st, self-driving company Waymo announced the development of a new training model EMMA based on Google’s multimodal large language model “Gemini” for its robot taxi.

The EMMA model can process sensor data, generate the future trajectory of self-driving vehicles, and assist the decision-making of self-driving vehicles.

Waymo’s research shows that EMMA performs well in dealing with complex environments, such as the presence of animals or road construction, helping driverless cars find the right route.

However, the EMMA model has limitations, such as the inability to integrate 3D sensor inputs, and the risk of “hallucination” in MLLM, which needs further research before large-scale deployment.

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