▌ News, ▍ Nvidia shares more than $1000, Huang Renxun said that “the next industrial revolution has begun”, the Daily Economic News, May 23, NVDA released the first quarter of fiscal year 2025 to April 28th report, the data fully exceeded expectations, also convinced the market that the AI wave is still raging.
Revenue in the first quarter was $26 billion, up 262 per cent over the same period last year.
net profit was $14.
81 billion, up 628 per cent from a year earlier.
gross profit margin was 78.
4 per cent, up from 76 per cent in the previous quarter and 64.
6 per cent in the same period last year.
Nvidia expects revenue for the second quarter to be $28 billion (±2%) and gross profit margin to be 75.
5% (±0.5%). Its share price soared, rising more than 7% in after-hours trading, breaking through the $1000 mark, and increasing its market capitalization by more than $160 billion.
According to the after-hours trend, the stock is expected to further refresh its high on Thursday.
In a financial statement, Nvidia CEO Huang Renxun shouted that “the next industrial revolution has begun.
” He said countries and a large number of companies were working with Nvidia to shift trillions of dollars’ worth of traditional data centres to accelerated computing and to build “AI factories” to produce a new product called “artificial intelligence”.
Huang Renxun pointed out that AI will bring significant productivity and income growth to almost all industries, and benefit a lot in terms of cost-effectiveness and energy efficiency.
In addition, Nvidia also announced that with effect from June 10, Nvidia will complete a split of 10 shares, and shareholders of record will receive an additional 9 shares per share before the close of trading on June 6.
in order to facilitate the holding of employees and investors at a lower price, the company will also increase the dividend by 150% after the split to $0.
01 per share to shareholders of record before June 11.
During the latest reporting period, Nvidia bought back $7.
7 billion worth of shares and paid $98 million in dividends.
In the past year or so, Nvidia’s share price has risen from more than $100 to nearly $1000.
Nvidia’s shares have soared 25-fold in the past five years.
▍ has signed a contract with FAW, and the charging and recharging system has cooperated with seven car companies.
According to interface news, on May 23, Lulai said on Weibo that the company has carried out omni-directional power exchange strategic cooperation with seven automobile companies, including Changan Automobile, Geely Holdings Group, Jiangqi Group, Chery Automobile, Lutes Automobile, GAC GROUP, China FAW, and a number of enterprises in transportation, energy and other fields.
Speed up the process of power exchange technology standardization and large-scale transformation network.
In a live broadcast of a business trip in Europe on the same day, Li Bin said that the first fourth-generation power station would be landed in Guangzhou in late May, and that 1000 new power stations would also be built this year.
Weilai fourth-generation Weilai Power Station has 23 battery silos, the maximum daily service times is 480, and the power replacement time is reduced by 22%.
For comparison, the Weilai third generation Weilai power station has a maximum daily power change capacity of 408 times and a single change time of about 4.
5 minutes, while in the fourth generation power station released this time, the replacement time has been reduced by 22% again, which is equivalent to about three and a half minutes.
In addition, each fourth generation power station has 4 Orin X chips, and the calculation power of the whole station reaches 1016 TOPS, which supports automatic power exchange.
▍ Xiaomi updated this year’s SU7 delivery target: 120000 vehicles for the whole year, May 23, according to the Securities Times, as Xiaomi SU7 orders continue to rise, the full year of 2024, the new car delivery target will sprint 120000.
Prior to this, Lei Jun announced at the investors’ meeting on April 23 that as of April 20, Xiaomi had locked up more than 70,000 SU7 vehicles, and that Xiaomi SU7 had delivered more than 100000 vehicles in 2024.
On May 15 this year, Lei Jun announced that Xiaomi SU7 had delivered 10000 vehicles in 43 days since its first delivery on April 3 (as of 10:00 on May 15).
“We are continuing to expand our production capacity to ensure that 100000 vehicles are delivered this year,” Mr Lei said.
Thank you for your concern and support, and thank you for your patience and tolerance.
” Xiaomi today released its quarterly report for 2024, with total revenue of 75.
5 billion yuan in the first quarter of 2024, an increase of 27.
0% over the same period last year.
The adjusted net profit was 6.
5 billion yuan, an increase of 100.
8% over the same period last year, exceeding the historical peak.
The total cash reserve was 127.
3 billion yuan, an increase of 34.
7% over the same period last year.
Xiaomi performed better than expected, delivering more than 10000 units in 43 days.
On May 23, Lu Weibing, president of Xiaomi Group, said at the quarterly results meeting that as long as there are no extreme changes in the external environment, Xiaomi is confident of maintaining the growth momentum of the first quarter in terms of overall gross profit margin.
In addition, from the second quarter, Xiaomi will begin to release some specific data related to the automobile business.
Lu Weibing said at the performance meeting that Xiaomi’s investment in smart driving is very firm.
The investment in the first phase is almost 4.
7 billion, and this year’s budget is almost 1.
5 billion.
At present, Xiaomi still has a tendency to increase its budget.
Xiaomi still firmly believes that, first of all, smart driving must be the commanding height of the decisive battle in the future.
second, Xiaomi must have a very great advantage in smart driving, and the company believes that the ultimate victory of smart driving lies in whether or not to do self-research.
▍ the United States will impose tariffs on China’s electric vehicles, batteries and other products from August 1.
According to the first Electric News, the Office of the US Trade Representative announced on May 22, local time, that according to the instructions of the US President, the office decided to maintain the “Section 301” tariffs imposed on China during the Trump administration, while substantially raising tariffs on China’s “target strategic products.
” Among them, the new import duties on electric vehicles and their batteries, semiconductors, steel and aluminum products came into effect on August 1 this year.
The Office of the United States Trade Representative issued a Federal Bulletin providing specific tariff numbers for about 387 product categories affected, as well as new tax rates and implementation dates.
The new tariff rules are aimed at “products dominated by China, or industrial products in which the United States has recently invested heavily”, according to the Office of the United States Trade Representative.
The public consultation period will last for 30 days and will end on June 28.
In response to ▍, the Ministry of Commerce responded that “China is considering imposing tariffs on imported vehicles with large engines or more than 2.5L”. CCTV news, May 23, at the regular meeting of the Ministry of Commerce, he Yadong, spokesman for the Ministry of Commerce, responded that “China is considering imposing tariffs on imported vehicles with large engines or more than 2.
5L”, saying: “China is firmly following the path of green and low-carbon development.
” Always encourage and support all industries to transform and upgrade to a green and low-carbon direction and achieve high-quality development.
Experts in various fields, including the automobile industry, are also carrying out research on this issue.
Suggestions and suggestions on how to deal with global climate change.
” He Yadong also said, “I would like to emphasize that at present, individual countries and regions deviate from the concept of green development, violate the principles of market economy and WTO rules, and have introduced some restrictive measures in the field of new energy vehicles.
We believe that these measures will only harm the interests of domestic consumers and affect global green transformation and efforts to deal with climate change.
” According to public data, in 2023, China imported about 250000 cars with engine engines greater than 2.
5L, accounting for 32% of the total imported cars, and imported high-engine cars also accounted for 80% of China’s consumption of high-engine vehicles.
If the temporary tariff rate is raised, it will have a significant impact on cars imported from the European Union, as well as cars imported from the United States.
According to WTO rules, China’s temporary tariff rates on imported gasoline cars and SUV with engine emissions greater than 2.
5L can be considered as high as 25 per cent.
In ▌, the terminal price of ▍ Cadillac CT4 has dropped below 160000.
Recently, many Cadillac dealers announced on social media that they are carrying out a limited edition promotion.
The CT4, the most user-friendly model in the brand’s product line, has a landing price of less than 160000 yuan.
The current manufacturer’s guidance price for this model is 219700 ~ 259700 yuan.
Since the above news came from the official account of a 4S store, it immediately attracted the attention of many potential consumers, but on social media, netizens did not see too many car owners share the relevant content, so they left messages in the comment area to verify the authenticity.
With doubt, “City Boundary” recently visited a number of Cadillac 4S stores in Beijing, and Dong Lei said that although the actual transaction price is related to the situation of dealers in different regions and different 4S stores, it is true that CT4 is promoting.
According to news from IT House, Yu Chengdong, managing director of Huawei, chairman of terminal BG and chairman of smart car solution BU, announced that the new ▍ M7 Max refurbished version will be officially launched on May 31.
The new car has been ordered last week, with a pre-price of 298000, all of which are standard Huawei high-end smart cars.
▍ SAIC Volkswagen Tuguan L PRO model official Xuan released on May 30, SAIC Volkswagen recently announced that the launch conference of Tuguan L PRO model will be held at 19:00 on May 30, and the pre-sale has now officially begun (the specific price has not been announced yet).
The most eye-catching change in the car is that it features DJI’s smart driving system and SAIC’s Zero Technology mind module system.
SAIC Volkswagen says Tuguan LPRO will be “the smartest oil car”.
▍ Tesla Shanghai Energy Storage Super Factory officially opened, the first energy storage super factory outside the United States, thepaper.
cn reported that on the afternoon of May 23, the opening ceremony of Tesla Shanghai Energy Storage Super Factory was held in Shanghai Lingang.
Zhu Xiaotong, senior vice president of Tesla, said Tesla is committed to using disruptive technology to solve fundamental problems in the areas of travel and energy, forming an innovative technology complex with vertical integration of the whole industrial chain in electric vehicles, energy storage products, artificial intelligence (AI) and robotics.
Tesla’s energy storage business is an important part of its diversification strategy, leading the development of the global energy storage market with its leading technology and innovative products.
The opening of the Shanghai Energy Storage Super Factory will undoubtedly further consolidate Tesla’s leading position in the field of energy storage and promote the progress and development of the global green energy industry.
It is reported that Tesla’s Shanghai Lingang Energy Storage Super Factory is Tesla’s first energy storage super factory outside the United States, and it is also another large-scale investment project in China after Tesla’s entry into China ten years ago.
Former ▍ Tucson future Chinese CTO Wang Naiyan will join Xiaomi.
Lei Jun has previously denied that the smart driving program will cooperate with a third party, Sina Technology News, former Tucson future Chinese CTO Wang Naiyan will join Xiaomi Automobile and report to Ye Hangjun, chairman of Xiaomi Technical Committee and head of Xiaomi Auto self-driving.
Tucson will be a driverless truck brand in the future.
Wang Naiyan previously led the future R & D and management of Tucson in China, responsible for the development and landing of L2-level auxiliary driving and L4-level self-driving programs.
Zhang Yong, CEO of ▍ Nashi Automobile, will also serve as general manager of the product R & D center.
According to news from IT House on May 23, each Auto quoted several sources familiar with the matter as saying that Naha Automobile issued a full announcement on May 11 that Zhang Yong, CEO of Naha Automobile, was also general manager of the product R & D center, directly in charge of the product planning department of the product R & D center, and Naha Automobile CTO Dai vigorously assisted in managing the daily work of the product R & D center.
According to the announcement, in order to improve the decision-making efficiency of R & D business, strengthen the horizontal coordination among various businesses, and pull through the management of the whole process, optimize and adjust the organization and division of responsibilities of the relevant departments of the R & D system.
The aim is to streamline the level of management and transform to a strong matrix model of project management.
At the same time, the car media “understand the car emperor” on this matter where the car to verify, get the other side’s response “is true.
” ▍ BAIC Langu: Beijing Automobile will be changed into the company’s controlling shareholder.
On May 23rd, BAIC Langu issued a progress announcement on the trusteeship of shares of the controlling shareholder and the change of rights and interests.
Beijing Automobile Group Co., Ltd. (BAIC Group), the controlling shareholder of BAIC Blue Valley, intends to entrust the voting rights corresponding to all its direct shares in the company to the enterprise under its control, Beijing Automobile Co., Ltd. (referred to as “Beijing Automobile”).
Share escrow was examined and approved by the second interim shareholders’ meeting of Beijing Automobile in 2024 on May 22, 2024, and the share escrow agreement came into effect.
▌ International, ▍ Volkswagen indefinitely postponed the North American listing of ID.
7 electric sedan, according to foreign media reports, recently, Volkswagen officially announced that due to the continuous changes in the market, the company decided to postpone indefinitely the listing of its flagship electric car ID.
7 in the North American market.
The decision means that the ID.
7 electric sedan, originally scheduled to launch in North America this year, will not be available to consumers for the time being.
Volkswagen said in an official statement: “due to changing market dynamics, we have decided to postpone the launch of the ID.
7 sedan in the United States and Canada.
” The company did not give a new timetable for its launch, disappointing consumers looking forward to the electric car.
As an important electric car project of Volkswagen, ID.
7 was warmly welcomed by the market after it was listed in Europe last year, and the demand continues to be strong.
However, after the car went on sale in China, the results were not satisfactory.
▍ Nissan postponed the development of electric vehicles in the United States, JapanAccording to Jiji News on May 23, Nissan has postponed the development of two electric sedan models to be produced in the United States due to a slowdown in demand for electric cars in North America.
Nissan said in 2022 that it would spend $500 million to develop two electric cars and begin assembling them at its plant in Canton, Mississippi in 2025.
The Italian government plans to impose a consumption tax on electric vehicles.
Italian economy and Finance Minister Giorgietti said during the car dealership theme day held in Verona that the government is considering levying a consumption tax on electric vehicles to make up for the reduction in taxes and fees on fuel vehicles, Italian Corriere della Sera reported recently.
According to Quintegia, a research firm, the Italian government collected 71 billion euros in tax revenue from cars in 2022, of which 31.
9 billion euros came from fuel consumption tax, 55 billion from vehicle usage fees and 12.
3 billion from value-added tax on maintenance, spare parts and tires.
▍ American media: the acceptance of Chinese electric cars by Generation Z in the United States is “far beyond imagination.
” according to an article on the website of InsideEVs on May 22nd, a survey by automobile research company AutoPacific found that Americans hold a very open attitude towards Chinese electric cars, especially young people.
The survey questioned 800 Americans aged 18 to 80.
Of these, about 36 per cent of respondents said they were “sure” or “likely” to consider a Chinese-branded electric car.
When looking at the data of buyers under 40, the proportion soared to a staggering 76%.
Millennials and Generation Z Americans are very receptive to Chinese-branded electric cars.
Oh, why? Ed King, president and chief analyst of AutoPacific, believes there are several reasons.
In terms of economic conditions, it is no secret that millennials and Generation Z in the United States are not as good as previous generations.
Chinese cars seem to be more cost-effective.
“the study shows that one of the main reasons why many Americans are hesitant about electric cars is the purchase price, while Chinese-branded electric cars may be equipped with many attractive on-board products to win people’s favor at a more affordable price,” King said.
“for cash-strapped (American) young people, a reasonably priced and feature-rich electric car is what they want.
” The survey also learned that if Chinese cars are made in the United States, respondents of all ages are more likely to consider Chinese electric cars.
King also believes that those cyber security concerns will disappear as well.
For China, the survey shows that the United States, the world’s second-largest car market, is expected to accept its products despite an escalating dispute between China and the United States over cars.
Arguably, the most striking part of the survey is that Americans of all ages have some knowledge of Chinese-branded electric cars.
If American car companies do not want to lose their young customers completely, they must keep pace with the times.
Because in Jin’s view, the arrival of Chinese electric cars in the United States is more like a question of “sooner or later” than “whether or not”.
▍ Musk said he did not support tariffs on Chinese-made electric vehicles.
According to news broadcast around the world on May 24, Tesla CEO Elon Musk said he did not support the recently announced decision of the US government to impose tariffs on Chinese-made electric vehicles.
During a question and answer session at the VivaTech conference on Thursday local time, Musk said: “neither Tesla nor I have asked for these tariffs.
In fact, I was surprised when they announced it.
” “Tesla competes very well in the Chinese market without tariff and preferential support,” Musk said.
I am in favour of not imposing tariffs.
” He added that he also did not agree to provide tax breaks for electric vehicles.
“I am in favour of no tariffs or incentives on electric vehicles or oil and gas.
” During the Tesla earnings call in January, Musk said that without trade restrictions, Chinese electric car companies would crush competitors elsewhere.
“frankly, I think if trade barriers are not established,” they will almost destroy most other companies in the world.
▍ Musk xAI is expected to be valued at $18 billion, and Musk’s artificial intelligence start-up xAI is close to completing a round of financing of nearly $6 billion, valuing the company at $18 billion, the Financial Times said, citing people familiar with the matter.
The round received investment commitments from venture capital firms such as Andriessen Horowitz, LightSpeed Venture Capital, Sequoia Capital and Tribe Capital, according to people familiar with the matter.
In addition, Musk gave a remote interview at the Viva technology conference in Paris on Thursday, local time, about his artificial intelligence startup xAI’s goal of “finding the truth as much as possible.
” He criticized other AI models developed by Google and OpenAI, owned by Alphabet, as “pandering” to political correctness.
Another goal of xAI, he added, is to “strive to be the most interesting artificial intelligence”.
▍ Microsoft’s deal with the United Arab Emirates may transfer key U.S. chips and artificial intelligence technology overseas, Reuters reported that Microsoft President Brad Smith said that the high-profile deal between the technology company and G42, an artificial intelligence company backed by the United Arab Emirates, may eventually involve the transfer of complex chips and tools.
A senior Republican congressman warned that the move could have an impact on national security.
Smith said in an interview with Reuters this week that many details of the sales agreement were disclosed for the first time and could enter the second phase, involving the export of key components of artificial intelligence technology, such as model weights, which are at the core of artificial intelligence systems and determine the strength of the system.
Smith said that no timetable has been set for the second phase.
▍ Deloitte report: the European Union and ASEAN markets deserve the great attention of Chinese car companies.
According to Sina Science and Technology, Deloitte released a report entitled “from following to leading-2024 Chinese Automobile companies going abroad trend and observation”.
The report points out that the European Union, as the world’s third largest automobile market, has a large sales scale and steady growth.
Under the 2035 fire ban, the launch of electric vehicle products will accelerate, and the infrastructure market is expected to continue to improve, supporting its new energy penetration rate to continue to improve.
In addition, the ASEAN market has a large and younger population base, and it is the region with the most potential for global light vehicle sales in the next five years.
The government’s policy guidelines on new energy vehicles are clear and supporting measures are introduced intensively, which will start a strong cycle of electric sales.
The report also points out that despite the positive prospects, there are many challenges on the way out to sea.
With the persistence and normalization of geopolitical conflicts and the escalation of trade frictions,Factors such as dynamic changes in overseas supervision and cross-regional cultural differences have sharply increased the complexity and risks of global operations.
In addition, Chinese car companies are also facing problems such as product technology that is not suitable for the environment, low brand recognition, insufficient insight into overseas market regulations and policies, and lack of organizational structure to protect them.
Shi Nengzi, Vice Chairman of Deloitte China and Managing Partner of the Government and Public Service Industry, said: “Chinese car companies actively drive upstream and downstream companies in the industrial chain to go to sea together, and gradually transform from traditional trade to global operations.
Through overseas investment, overseas factories, Establish regional R & D centers, improve sales networks, after-sales services and other user contacts, and continue to improve the level of localized operations in overseas markets.
“,丨 Alibaba Cloud is investing in new data centers in five countries including South Korea, Malaysia, and Mexico.
According to IT Home, Alibaba Cloud announced on May 23 that it will invest in new data centers in five countries around the world, located in South Korea, Malaysia, the Philippines, Thailand and Mexico.
It is worth mentioning that this is also the first time Alibaba Cloud has entered the Mexican market.
As of now, Alibaba Cloud operates 89 availability zones in 30 regions around the world.
After a new round of investment, Alibaba Cloud’s global layout will increase to 31 regions and 95 availability zones around the world.
, Yuan Qian, president of Alibaba Cloud’s Intelligent International Business Unit, said that Alibaba Cloud will invest more in global capacity building, which means more data centers, stronger service capabilities, and closer partnerships around the world.
Currently, Alibaba Cloud has covered major overseas markets such as Southeast Asia, Japan, the United States, the United Kingdom, Europe, and the Middle East.
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