EV Morning News| NIO ET9 road test exposure, launch on December 21; GM’s business restructuring in China will generate more than US$5 billion in impairment and expenses

▌ news, ▍ Lai ET9 road test exposure, December 21, the blogger @ 42 garage exposed the undisguised road test map and related pictures of Lulai’s flagship luxury car ET9.

The picture shows that the ET9 has a front compartment design and is expected to be opened electrically, with a moderate height of the rear floor and an entertainment screen on the right, reflecting Lai’s considerations in vehicle design and user experience.

ET9 plans to go public at the NIO Day 2024 event on December 21.

As the flagship model of the Weilai brand, ET9 has attracted a lot of market attention since it was launched and pre-sold at the NIO Day 2023 event last year.

The advance price is set at 800000 yuan.

EV Morning News| NIO ET9 road test exposure, launch on December 21; GM's business restructuring in China will generate more than US billion in impairment and expenses, ▍ GM’s restructuring in China will incur more than $5 billion in impairment and fees, according to GM’s securities filings filed on Wednesday, the company will bear more than $5 billion in expenses and asset write-downs in the restructuring of its China operations.

GM is expected to write down the value of its joint ventures in China by $2.

6 billion to $2.

9 billion.

GM also expects to spend $2.

7 billion in restructuring costs, mainly to close factories and reduce the production of unprofitable models.

The company lost $347 million in China in the first three quarters of this year, compared with an annual profit of $2 billion in 2017.

Nearly 100000 employees of ▍ Germany’s Volkswagen went on strike, the first electric news on December 4, nearly 100000 employees of Volkswagen in Germany launched a strike to protest the company’s cost-cutting proposal.

The strike, which affected nine factories in Germany, is expected to cause huge economic losses to Volkswagen, although it has not completely interrupted production.

Workers’ dissatisfaction stems mainly from the company’s planned wage cuts, layoffs and factory closures.

The German metal workers’ union (IG Metall) said 98650 employees took part in the strike.

The union has offered to save 1.

5 billion euros, including abandoning bonuses for 2025 and 2026 and using part of the wage increase to set up a fund to reduce working hours, but Volkswagen rejected the offer.

The two sides plan to hold the next round of negotiations on December 9.

▌ domestic, ▍ BMW i3 Zhejiang shocking price: 159000! According to the first electric news on December 4, a BMW 4S store in Zhejiang recently released a sales poster announcing the price of 159000 yuan after the BMW i3 car discount.

The price is based on the car price of 177000 yuan, minus 15000 yuan of replacement subsidy in Zhejiang Province and 3000 yuan of full-brand replacement subsidy.

The clerk of the 4S store confirmed that the price of 159000 yuan was real and the model was BMW i3 35L.

But to enjoy this price, consumers need to participate in local replacement subsidies and pay in five-year installments.

Non-local consumers may not be able to participate in preferential activities if they are unable to provide proof of the local life trajectory.

▍ China Automotive Chip 2.

0 whitelist released on December 4, the first Electric report, China Automotive Chip Industry Innovation Strategic Alliance released the Alliance Automotive Chip whitelist 2.

0, covering 10 major categories of chips.

Whitelist 2.

0 integrates the latest application chip status of 12 auto companies as of the end of October, covering more than 2000 application cases, an increase of 34% over the first batch, including more than 1800 products, an increase of 30% over the first batch, and an increase of 3% over the first batch.

Chips that are no longer applied or verified in the whitelist will no longer be entered to maintain overall quality.

Whitelist 2.

0 through the alliance automobile chip online supply and demand docking platform and other forms, the formal release of the alliance whitelist of automobile companies, only for internal reference and use of relevant automobile enterprises, and take good confidentiality measures.

▍ Baidu Apollo upgraded to version 10.

0, and on December 4th, Baidu announced that the Apollo open platform would be upgraded to version 10.0. This upgrade is comprehensively optimized in the software core layer, application software layer and tool service layer, and the autopilot large model ADFM reconstruction algorithm is introduced.

In the software core layer, Apollo open platform 10.

0 upgrades CyberRT to support super-large data scale scenarios such as high-order self-driving, and achieves microsecond transmission through zero-copy communication, resulting in a 10-fold improvement in performance.

In the application software layer, the platform upgrades a set of out-of-the-box autopilot system, which accelerates the running efficiency of the model by quantifying pruning technology, reduces the overall resource usage by 50%, and realizes the stable landing of L4 self-driving scene supported by a single Orin.

, ▌ International, ▍ OpenAI is about to release Sora, the first electric news on December 4, OpenAI announced on social media on Wednesday that it will enter a cycle of continuous release of new features starting Thursday local time.

The company tweeted: “the OpenAI12 Day continuous launch starts tomorrow.

” During the 12 live broadcasts in 12 days, a lot of new things, large and small, will meet with you, “the company’s CEO Altman further explained:” starting from 10:00 Pacific time on Thursday, there will be a live broadcast every day to show a new product or sample, including some large new products as well as some small Christmas gifts, “according to people familiar with the matter.

These new products include the long-awaited text-to-video tool Sora and a new reasoning model (the end of the o1 model), and there is also a lot of speculation about potential new features in netizens’ gossip that is more guessing.

The first is the image generation function in which the GPT-4o model has always been locked.

Secondly, there is room for improvement in the advanced voice mode of ChatGPT.

Netizens also want to see a preview of the O2 model or GPT-5o.

▍ Federal Reserve is considering slowing down or suspending interest rate cuts.

According to the latest report, Federal Reserve official Alberto Musalem expressed his cautious attitude towards the current policy of interest rate cuts.

He pointed out that policymakers may need to reconsider the pace of interest rate cuts, given higher-than-expected inflation and less concerns about the labour market.

Musarem stressed that although interest rates may continue to be cut in the future, he prefers to adopt a patient approach, believing that the risk of cutting interest rates too quickly is greater than the risk of not cutting them enough.

He argued that it was essential to maintain policy flexibility and that it was time to consider slowing or suspending interest rate cuts in order to better assess the economic environment, the information received and changing prospects.

In addition, Musalem reiterated that the Fed is close to achieving its goal of employment and price stability, and that monetary policy is now in a good position.

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Link to this article: https://evcnd.com/ev-morning-news-nio-et9-road-test-exposure-launch-on-december-21-gms-business-restructuring-in-china-will-generate-more-than-us5-billion-in-impairment-and-expenses/

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