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China’s new chip power is on the scene, and a "The Avengers" co-produced by China and Japan is needed?

As we all know, there is memory in all kinds of electronic devices, and the key component of memory is DRAM, which is called Dynamic Random Access Memory.

Memory is indispensable for mobile phones and computers, but our local DRAM enterprises are not developed enough, so they are very dependent on imports. The more popular mobile phones and computers are, the more they need to be imported.

Recently, however, there is another China player named Sheng Weixu on the DRAM chip track.

The New Force of DRAM Memory Chip in China

According to public information, Shengweixu was established in March 2022, invested by Shentou (Shenzhen Major Industrial Investment Group Co., Ltd.) and 100% indirectly controlled by Shenzhen State-owned Assets Supervision and Administration Commission. Its business includes research and development of new storage materials and structures, investment and construction of fabs, product design, manufacturing and sales.

Shengweixu’s registered capital is 5 billion yuan, which means that the chip industry is heavily invested. And this is still the first step. In the future, the funds needed for building a factory and putting it into production will have to be doubled.

The company’s main products are general-purpose DRAM chips for data centers, smart phones and other application scenarios, that is, memory chips. According to the report of TrendForce Jibang Consulting, the global total output value of DRAM in the first quarter of this year was as high as $24.03 billion.

At present, about 95% of the DRAM market is controlled by Samsung, SK Hynix and Micron. The next three places, Nanya, Winbond and PSMC, all came from Taiwan Province, China, with a combined share of less than 5%.

The combined share of the manufacturers ranked seventh and behind is only 1.2%.

Changxin Storage, the representative player of DRAM in China, is in this 1.2%. As a new player, Sheng Weixu should also start from here.

Avengers of "China-Japan Harmony"

On June 16th, Shengweixiu WeChat WeChat official account issued an announcement announcing that Yukio Sakamoto, a 75-year-old Japanese veteran and former president of Elpida, became the chief strategy officer.

Sakamoto Yukio’s identity and resume may arouse some people’s suspicion. But before that, Sakamoto Yukio served as senior vice president of Ziguang Group and CEO of Japan branch. At that time, an industry blogger pointed out that he chose to work for China enterprises, and the purpose was obviously to take revenge on Korean enterprises.

Sakamoto Yukio is considered to be a key figure in Japan’s storage industry. In order to save the declining local memory industry, the Ministry of International Trade and Industry of Japan led the establishment of Elpida Memory Company in 1999, which was formed by the merger of DRAM departments of NEC and Hitachi. Yukio Sakamoto became the president in 2002, and the company held nearly 20% of the DRAM market at its peak.

Sakamoto Yukio once boasted that Elpida, which invested heavily in research and development, could squeeze Samsung from the leading position in DRAM market.

It’s a pity that nature makes people. Because of the external conditions suppressed by the United States and squeezed by South Korea, Elpida was on the verge of desperation and sought cooperation with Micron to break the situation. Unexpectedly, steve appleton, then CEO of Micron, was killed in a plane crash. Elpida missed the key financing and had to file for bankruptcy, and was finally acquired by Micron for $2.5 billion.

Therefore, the chip industry between China and Japan still has something in common when it is suppressed by the external environment. As we all know, Huawei’s chip supply is blocked because of US sanctions. There is also Fujian Jinhua, which produces DRAM memory chips. It was included in the "entity list" by the United States earlier than Huawei, and now it has been much lower-key.

This wave is really the avenger of "China and Japan in tune".

Yukio Sakamoto, who joined Sheng Weixu, also said that this will be his last job in his life, and he will go all out to contribute his strength and help Sheng Weixu achieve its strategic goals.

sparks of fire

The entry of Sheng Weixu has brought new strength to China’s memory industry, and the next step is to accumulate industry talents and technology patents. In this regard, almost all the three storage companies started with cooperation, and then acquired and independently developed. For example, the technical foundation of Changxin Storage came from the cooperation with Qi Mengda.

Of course, we also need to realize that Sheng Weixu, as a new player, is still far from the world-leading goal. Referring to Chang Xin, an advanced representative of domestic DRAM, its 19nm DDR4 memory has been shipped one after another, and the 17nm DDR5 memory chip is planned to be put into production this year. International manufacturers led by Samsung have mass-produced 14nm DDR5 memory, and are gradually advancing the more advanced 1β process, which is about four generations ahead of Changxin.

It is always good that our chips can be more self-sufficient. But before that, new players still need to walk step by step in research and development, production and shipment.

Huawei is strong and empowered, and the new M7 in the world will definitely exceed 120,000.

In this era, the new energy automobile industry is facing a great change in intelligence, and in this change, the new M7 is undoubtedly a bright star to lead the trend. With the rapid development of science and technology, intelligence is not only a trend, but also an inevitable choice for travel in the new era. With its unique "three-intelligence ceiling" hard-core technical strength, the new M7 has successfully raised the benchmark of intelligent travel to a new height. From intelligent driving to intelligent cockpit to intelligent safety, it has successfully attracted everyone’s attention. On December 26th, it was mentioned in the press conference on the whole scene of the M9 and Huawei that the cumulative number of new M7 in the world has exceeded 120,000, among which more than 60% of users choose the smart driving version, and the monthly delivery capacity will reach 30,000 from January next year.

The top choice in the field of intelligent driving, Huawei ADS 2.0 breaks the imagination of intelligent driving.

For the current users, intelligence is a crucial factor when choosing a car, and the new M7 in Wenjie is equipped with HUAWEI ADS 2.0 advanced intelligent driving system, which not only subverts the traditional concept of intelligent driving, but also brings excellent driving pleasure and travel convenience to users.

When the vehicle is running, HUAWEI ADS 2.0 enables M7 to perceive the surrounding environment in real time through the precise integration of 27 sensing hardware, and realize the accurate perception and recognition of the whole scene and all weather. This not only improves the safety of driving, but also makes users feel a more intimate connection with the vehicle.

The power of intelligence is not only manifested in the driving process, but also throughout the entire travel experience. The NCA intelligent driving system of the new M7 can identify all kinds of situations around the vehicle more accurately through various sensors such as laser radar, making travel safer and easier. In addition, the new M7 also introduces excellent intelligent parking capability, which enables vehicles to easily identify various parking spaces and realize automatic parking through innovative technical means, so that users are no longer subject to parking difficulties when driving in cities.

A smart cockpit that breaks through the boundary, Smart Cockpit 3.0 makes travel more convenient.

The smart cockpit of the new M7 is also one of the highlights that will lead to future travel. HarmonyOS Intelligent Cockpit 3.0 brings a creative and interesting interactive space for users. First of all, many people admire the fluency of the HarmonyOS car machine system, which makes users feel like they are in a virtual world full of science and technology and interest during driving, especially with the blessing of Xiaoyi’s intelligent assistant, which makes the intelligent interactive experience more advanced and allows drivers to interact with vehicles more conveniently, which not only improves the convenience of operation, but also brings more entertainment for drivers.

The emergence of HUAWEI MagLink? smart car screen system is also a bright spot. It has reached the level of Huawei’s flat panel, realizing the smoothness of multi-screen interaction, making the car a flexible and ever-changing space, allowing drivers to have more possibilities in the car.

It is worth mentioning that HarmonyOS Intelligent Cockpit 3.0 can realize a series of functions, such as offline map voice navigation, which improves the practicality to a new height and makes travel more convenient. Through the support, the car has also achieved a smooth conversion with various applications in Huawei mobile phones. Whether you are chasing a drama or playing a game, users can connect seamlessly after getting on the bus and enjoy a more coherent and intelligent interactive experience.

Intelligent safety leads, omni-directional anti-collision safety guarantees lead to new standards of travel safety.

In terms of travel safety, the new M7 is also very careful. The world’s first omni-directional anti-collision system of HUAWEI ADS 2.0 installed in the car can provide users with all-round safety protection. With the help of multi-sensor fusion sensing capability based on lidar, HUAWEI ADS 2.0 has achieved omni-directional anti-collision capability in forward, lateral and backward directions, providing an efficient and accurate collision warning and response mechanism for vehicles. The system can not only identify common obstacles, but also identify road boundaries, so that vehicles can adapt to the changing driving environment more intelligently.

It is particularly noteworthy that in the AEB active safety evaluation of Autolab, the new M7 in the world won all kinds of active safety evaluation champions with HUAWEI ADS 2.0, which shows that its safety performance is high, and it can also stop in time when it participates in the evaluation at 90km/h at night, which also gives feedback on the strength of the new M7 in the world.

At the M9 and Huawei Panorama Conference, it was mentioned that the brand-new super smart factory, with more than 1,000 intelligent devices, 100% automation and integrated die casting process, has the highest production efficiency in the world and a new car is rolled off the assembly line every 30 seconds. With its excellent strength, Wenjie is becoming a leader in the new energy large SUV market, and its "three-intelligence ceiling" strength has been confirmed in many ways. This is not only a car, but also a future journey of intelligence, safety and innovation. I believe that in the future, the new M7 will be able to win the favor of more consumers.

Huawei Changan launched in-depth cooperation, and Aouita earned CHN model evolution empowerment.

At present, the competition of smart electric vehicle track in China is fierce, and the emerging brand Aouita can stand out from it without the deep empowerment of Changan Automobile, Huawei and Contemporary Amperex Technology Co., Limited. Recently, Huawei and Changan Automobile have carried out in-depth cooperation, focusing on the R&D, production, sales and service of intelligent driving system and incremental components of intelligent networked vehicles through the establishment of a new company by Huawei and the shareholding of Changan. In the future, Aouita will give priority to the technological advantages of the new company and accelerate its step towards an international high-end smart electric vehicle brand.

It is reported that after the establishment of the new company, Huawei will integrate the core technologies and resources of the smart car solution business into the company, and Changan Automobile, as an investor, will join hands with Huawei to support the future development of the company. The company is committed to becoming a world-class leader in the automotive intelligent driving system and components industry, and cooperates with partners to jointly promote the upgrading and development of smart car technology and industry.

As early as before this cooperation, Huawei and Changan had a close relationship. Together with Contemporary Amperex Technology Co., Limited, they jointly created a new generation of intelligent electric vehicle technology platform CHN, which is the industry leader. Based on this platform, Aouita has successively launched "Emotional Intelligent Electric SUV" Aouita 11 and "Future Intelligent Luxury Car" Aouita 12, bringing users a more technological, advanced and superior product experience.

Specifically, Aouita 11 is the first flagship model of Aouita, which is equipped with HI Huawei’s full-stack smart car solution. It has excellent intelligent driving ability and excellent mechanical quality, and can bring users a better travel experience. It is worth mentioning that Aouita 11 is the first automobile brand in the world to reach Mount Everest by intelligent driving, which is truly out of the circle in the industry and has attracted the attention of many users. In November this year, Aouita 11 delivered 4,080 units, actively implemented the brand promise, and accelerated the response to users’ expectations.

Aouita 12, the second flagship model of Aouita, has three characteristics of "top design, top luxury space and top intelligence", and its comprehensive strength is far ahead of its peers, setting a new benchmark for luxury smart electric vehicles in the world. On November 10th, Aouita 12 officially announced its global listing. In the first month of listing, the number of large orders exceeded 20,000, and the market was very hot. The future is expected.

It can be seen that Changan Automobile and Huawei have a good foundation for cooperation. This time, the two companies will join hands to set up a new company, which will promote the further innovation and evolution of CHN model. In this context, Aouita is expected to enjoy the priority of its new company’s brand-new technology, and create a "top-flow" travel experience for users with top-notch technology.

Chinese Express’s first domestic mass production L4 fully independent parking service successfully landed and put into trial production.

  Economic Daily-China Economic Net September 14th Recently, Chinese Express announced that the L4 fully autonomous parking service system (AVP) has been developed in Shanghai, and it has been tested and put into trial production on the high-tech HIX production vehicle. This is also the first domestic L4 fully autonomous parking service system based on vehicle-road coordination on mass-produced electric vehicles, which indicates that the research and development of intelligent electric vehicles in China is in a leading position in the world in the advanced technology field of autonomous driving. Ding Lei, Chairman of the Board of Directors, said that Chinese Express always starts from the dimension of users’ travel, stands at the forefront of autonomous driving, takes users’ safety as the premise, comprehensively improves the overall efficiency of traffic travel, and truly promotes the mass production application of autonomous driving and vehicle-road coordination technology in a wider range.

  AVP(Automated Valet Parking) is an L4 high-order automatic driving system based on vehicle-road cooperative development. Roadside sensing devices such as laser radar and communication and calculation devices are pre-built in the parking area to realize the identification and tracking of vehicle position and surrounding obstacles, and the dispatching information, vehicle positioning, obstacles and other information are sent to the vehicle through the cooperation of 5G vehicles, and the vehicle automatically drives into the parking space. The owner got off at the parking area, and the vehicle drove into the parking lot and parked in the parking space. The vehicle can also be started through the APP, automatically driving out of the parking space and driving to the location specified by the user.

  AVP can overcome the difficulties that bicycle intelligence is difficult to solve, such as no GPS positioning signal in the parking lot, too many turning shades, and large sensor blind area, so that HIX has the most reliable fully autonomous parking function at present. It is reported that HiPhi X, the first intelligent electric vehicle owned by Chinese Express, which will be listed at Beijing Auto Show, will be equipped with this technology, and it will become the first intelligent electric vehicle in China to realize L4 autonomous parking in mass production, creating a new era for the development of intelligent electric vehicles in China.

  In addition to AVP, the HiPhi X autopilot system equipped with HiPhi Pilot is the only dual redundancy system equipped according to the principle of aircraft safety design. The vehicle can start, stop, turn and walk in the full speed range of 0-130km/h, so that the feet can be separated, the hands can be put down and the eyes can be moved; Through the joint action of 24 sensors (including intelligent forward-looking camera, panoramic camera, millimeter-wave radar, ultrasonic radar, DMS camera for driver status detection, etc.) and high-precision maps, the L3-level automatic driving level of bicycles is realized, and it is also the first mass-produced vehicle in China to reach L3-level at present.

  In 2019, Chinese Express opened the world’s first intelligent road for coordinated autonomous driving in Yancheng, Jiangsu Province, and opened the "Smart City" demonstration project for the integration of 5G roads and cities in Zhangjiang Artificial Intelligence Island. The realization of autonomous parking service is another successful landing and application of roadside perception, cloud scheduling and vehicle control put forward by Chinese Express in the field of automatic driving based on the "three intelligences" strategy of smart cars, smart transportation and smart cities, and it will be extended to smart travel fields such as smart parking lots and smart highways in the future.

Fire! Ballets russes danced "Swan Lake" in Zhejiang and then "Subject 3"

  With both hands thrown and feet twisted, the most popular dance at present is "Subject III", which not only caught fire on social media in China, but also attracted many foreign professional dancers to learn to dance.

  On the evening of January 2nd, Russian Tchaikovsky Ballet presented a performance at Deqing Grand Theatre. After the classic ballet Swan Lake, the actors skillfully danced the curtain call of "Subject III", which not only made the audience laugh, but also screened the circle of friends.

  Tide journalists noticed that before that, the Royal Russian Ballet and the world Latin dance champion Christina also performed "Subject 3" in public.

  "Ballet+Subject 3", what is this "cross-border" linkage? How do they relate? On January 3rd, Chao journalist contacted Filippova Polina, head of Russian Tchaikovsky Ballet. The dance troupe has left Deqing and is preparing for the performance in Lu ‘an, Anhui. Before the performance, Filippova Polina was interviewed by Chao journalists through translators.

  "Subject 3 is also very popular in Russia, so we all jump." Filippova Polina said that "subject three" is now the "subject three" in the world, and the rhythm sounds very happy.

  Filippova Polina said that there are two reasons for the curtain call of "Subject 3": First, I want to make a "reversal" at the end of the performance, ending with a cheerful song with the most popular dance, so that the atmosphere at the scene will be more enthusiastic and the audience will leave in joy; Secondly, it’s also a way for Russian ballet companies to express their friendship. They want to thank the audience in China. They danced "Subject 3" in China "when in Rome". I hope everyone will also like Russian ballet.

  "In everyone’s cognition," Swan Lake "is an elegant art, and" Subject III "is a popular art. Both of them are performed by the same group of dancers on the same stage, and the response on the spot is particularly good." Zhou Wangqiang, director of the China Performing Arts Association and deputy secretary-general of Zhejiang Performing Arts Association, said.

  Zhou Wangqiang revealed to Chao News reporter that "Subject 3" is actually an "optional action", and the ballet company will communicate with the theater in advance whether it will be used as a curtain call. "It is not necessary to use this curtain call every time. It is a’ blind box’ for the audience, and it is really not necessary to see it."

New car | High-energy attack, four brands of Chery engine Chengdu Auto Show.

On August 25th, at Chengdu International Auto Show, four brands under Chery Group, Chery, Xingtu, Jietu and iCAR, participated in the exhibition with the theme of "Technical Chery, Global Love", bringing more than 30 heavy-duty models to the stage.

Zhang Guozhong, executive deputy general manager of Chery Automobile Co., Ltd. said that as of August 20th, Chery’s annual cumulative sales had exceeded 1 million vehicles, and it took only eight months to run out of the "acceleration".

Tiggo 7 champion family double car listed

This auto show launched a new generation of Tiggo 7 PLUS Champion Edition and Tiggo 7 New Energy Champion Edition. The fuel+hybrid two-line force has become the focus of attention at this year’s Chengdu Auto Show.

Tiggo 7 New Energy Champion Edition is a unique 120,000-class electric hybrid SUV at the same level. The official guide price is 129,900 yuan to 149,900 yuan, and three models are promoted.

The new generation of Tiggo 7 PLUS Champion Edition, the official guide price is 99,900 yuan ~ 119,900 yuan. It is equipped with Chery’s fourth-generation Kunpeng Power 1.5TGDI engine for the first time, and the fuel consumption per 100 kilometers is only 6.58L L.

Xingtu brand opens a journey of "super comfort and new experience"

At the same time, six popular models of Star Era ET and Star Era ES, Eta Ursae Majoris Flying Fish Edition and a new generation of moon-catching, a new generation of Lingyun and a new generation of wind-chasing PHEV, as well as E0X global ultra-comfortable high-performance electric platform, shined in Rongcheng. Eta Ursae Majoris Feiyu Edition has launched four configuration versions, and the official guide price is 167,800 yuan ~ 206,800 yuan. This time, the Eta Ursae Majoris Feiyu version was upgraded comfortably-the two-wheel drive was equipped with Feiyu Super Chassis, and the four-wheel drive was newly equipped with Aisin 8AT gearbox. The product was advanced and sincere.

Jetway travelers officially open pre-sale

Jetway Voyager Fuel Edition officially opened for pre-sale at Chengdu Auto Show, with a pre-sale price of 140,900 yuan to 180,900 yuan. Jietu Traveler adopts a hard-core body, equipped with ceiling-level Qualcomm Snapdragon 8155 chip and L2.5 intelligent assisted driving system, equipped with the world’s first XWD fully automatic intelligent four-wheel drive, and adopts Borgwarner’s sixth-generation intelligent torque manager+intelligent limited slip differential lock, which can intelligently switch multiple driving modes under the special X mode.

ICAR 03 interior real car first exposure

As the bright sword of Chery’s exploration of new energy vehicles in the second half, iCAR has always adhered to the initial intention of taking users as the center and playing with young people since its birth. ICAR 03′ s hard-core and cool face value is "Ba Shi De Ban", and the exquisite and simple technology interior is ushered in the first exposure. iCAR 03′ s modified car has set off a new trend of tide reform culture with a creative style with a sense of technology and futurity.

At this Chengdu Auto Show, in order to fully respond to the eager demand of users for pre-emptive ordering of new cars, iCAR, together with car home, Chery Racing Team, Fashion Group and Chief Experience Officer of iCAR 03, officially announced that iCAR 03 was the first car crowdfunding in China!

In addition, eQ7, as the first home pure electric SUV built by China’s first aluminum-based lightweight platform, attracted many spectators. The new car is the first choice for home pure electric SUV with its ultra-simple face shape, ultra-safe safety protection, ultra-comfortable driving experience and ultra-intelligent technology configuration. It has been popular before it is listed.

At this year’s Chengdu Auto Show, the four brands of Chery Group joined forces to refresh the new driving experience with the ultimate quality, and create a new ecology for future travel with intelligent technology, fully demonstrating the determination of "technical Chery", the ambition of "international Chery" and the initial intention of "user Chery". Chery will also unswervingly adhere to the technical route, continue to explore and innovate, give back to consumers with the best quality and sincere products and services, and make its own brand cars bigger and stronger, and contribute a strong force to Chery.

What about upstream news?

Editor: Kevin·Z

Editor: Wu Jian

Audit: Wang Guangjiang

millet

Xiaomi Group (HKEx stock code: 1810) is a large-scale mobile Internet enterprise in China, which is engaged in the research and development of intelligent hardware and electronic products and the ecological construction of smart homes. It was established on April 6, 2010 and is headquartered in Beijing, China. Xiaomi Company was founded by Lei Jun, with seven founders, namely founder, chairman and CEO Lei Jun, co-founder President Lin Bin, co-founder and vice presidents Li Wanqiang, Zhou Guangping, KK Wong, Liu De and Hong Feng.By 2019, the number of employees in Xiaomi Group was nearly 18,200., and do business in markets in more than 90 countries and regions around the world.

On July 9, 2018, Xiaomi was listed on the main board of the Hong Kong Stock Exchange in the name of "Xiaomi Group", becoming the first listed company to adopt different voting rights structure after the listing system reform of the Hong Kong Stock Exchange. Xiaomi is also the fourth mobile phone company with self-research capability of mobile phone chips after Apple, Samsung and Huawei.

Through its eco-chain brand MIJIA and its sub-brands Redmi (Redmi) and POCO, Xiaomi’s product line has expanded from mobile phone peripheral products such as smart phones and headphones, mobile power supplies and related mobile intelligent hardware such as speakers and bracelets to home consumer products such as smart TVs, set-top boxes, routers, air purifiers and rice cookers.

Xiaomi has built the world’s largest consumer IoT platform, connecting more than 252 million smart devices (excluding smartphones and personal computers), and the monthly active users of MIUI reached 309.6 million. Xiaomi has invested in nearly 400 companies, covering intelligent hardware, consumer goods, education, games, social networks, culture and entertainment, medical and health care, automobile transportation, finance and other fields.

Since 2019, Xiaomi has been selected into the list of the world’s top 500 and the "Top 100 Most Valuable BrandZ in the World". In 2019, Xiaomi was selected into the world’s top 500 for the first time, ranking 468.[16], ranked 422nd in 2020. In August 2019, Xiaomi ranked 15th among the Top 100 Internet Enterprises in China in 2019 released by internet society of china and the Information Center of the Ministry of Industry and Information Technology. In October 2019, Forbes ranked 56th in the 2019 Forbes Global Top 100 Digital Economy List released by Forbes. Ranked 7 th in the 2019 Fortune Top 50 list.

On April 9, 2010, Xiaomi Technology was formally established in Beijing.

In August and December of 2010, Xiaomi released MIUI, a third-party firmware based on deep customization of Android system, and Mi Chat, the first mobile application.

On August 16th, 2011, Xiaomi officially launched its first hardware product-Xiaomi mobile phone (the first generation), which created a sales model of snapping up smart phones with high configuration and low price on the Internet.

In 2012, Xiaomi wholly bought Beijing Duoyue Technology Co., Ltd. and entered the field of e-book reading. Reading more is its website, and there is a corresponding App. On November 18, 2019, Xiaomi released its first electronic paper book hardware product-Xiaomi read more electronic paper books.

In July 2013, the red rice mobile phone, which is an independent product of the youth version of Xiaomi mobile phone, was officially released, and the Xiaomi brand mobile phone officially launched the dual product line strategy. After a lapse of five and a half years, on January 2, 2019, Redmi’s product line was upgraded to a sub-brand of Redmi, and Lu Weibing, former president of Gionee Group, served as the general manager of Redmi brand.

On February 28th, 2017, Xiaomi released its first self-developed system chip, 澎湃 S1, becoming the fourth smartphone manufacturer to independently develop system chips after Samsung, Apple and Huawei.

On May 3, 2018, Xiaomi officially submitted an IPO application to the Hong Kong Stock Exchange in the name of "Xiaomi Group". On July 9, 2018, it was listed on the same stock with different rights, and it is planned to be included in the Hang Seng Composite Index on July 23.

On November 19, 2018, Meitu Company and Xiaomi Group announced a strategic partnership with a term of 30 years.

On May 9, 2019, Xiaomi Group and Shangcheng Group announced that their joint venture company Insight Fintech HK was granted a virtual banking license by the Hong Kong Monetary Authority. Among them, Xiaomi holds 90% of the shares and Shangcheng holds 10%.

On July 10, 2019, Lei Jun, founder, chairman and CEO of Xiaomi, said in Weibo that the new headquarters of Xiaomi Group in Beijing was officially completed on July 9, 2019 and the opening ceremony was held.[25]. The new headquarters of Xiaomi Group was named Xiaomi Science Park, which consists of 8 office buildings with a construction area of 340,000 square meters and a total cost of 5.2 billion RMB.

On July 23, 2019, Lei Jun sent an internal letter to Xiaomi employees, referring to the fact that the company was listed in Fortune Global 500 companies, ranking 468 in the world, and became the youngest Fortune Global 500 company in history (except for the merger).

On October 27, 2019, Xiaomi Group announced that Lin Bin was appointed as the vice chairman and will continue to serve as the operation director and president, responsible for managing the company’s mobile phone R&D department; Zhou was appointed as an operation director and will continue to serve as senior vice president and chief financial officer; Liu Qin was appointed as a member of the Audit Committee; Lu Weibing is the president of Xiaomi Group in China and continues to be the general manager of Redmi.

On May 21st, 2020, Xiaomi Group announced that it would acquire 49.91% equity of Zimi International Corporation.

On November 2, 2020, less than 20 minutes after the launch of Xiaomi Group’s comprehensive offline "Smart Life" activity, the payment amount of Xiaomi double 11 has exceeded RMB 1 billion.

On November 5, 2020, Lei Jun, Chairman and Chief Operating Officer of Xiaomi Group, said at the Xiaomi Developer Conference that the company would gradually increase its R&D investment and hire 5,000 more engineers next year, covering ten key areas, including camera imaging technology, fast charging, and 5G and 6G communication standard technologies.[30]

On December 11th, 2020, Xiaomi Group is applying for a number of trademarks of Lei Jun with the pinyin of "Lei Jun", covering metal materials, means of transport, musical instruments, jewelry and clocks, etc.

On the morning of January 4, 2021, Xiaomi Group’s Hong Kong stocks hit a record high at the beginning of the session, rising by 3.464% to HK$ 34.35 at 11:03 am, with a total market value of HK$ 865.132 billion. At this point, Xiaomi’s share price has doubled compared with the issue price of HK$ 17, fulfilling the listing promise.

Xiaomi has maintained a high growth rate since its establishment. Xiaomi Company sold 7.19 million mobile phones in 2012, 18.7 million in 2013, 61.12 million in 2014, over 70 million in 2015, 23.16 million in Q2 2017 and 92.4 million in 2017. More than 120 million mobile phones were sold in 2018, and 125 million mobile phones were sold in 2019. According to market share, it has been ranked fourth in the world since 2018.[34], is the latest among the major mobile phone manufacturers in the world.

In 2019, Xiaomi sold 10.21 million TV sets in Chinese mainland, ranking first in Chinese mainland market.

According to Xiaomi’s 2018 annual report, Xiaomi recorded a revenue of RMB 174.9 billion in 2018, a year-on-year increase of 52.6%. Adjusted net profit increased by 59.5% year-on-year to RMB 8.6 billion. According to the statistics of IDC Consulting (Beijing) Co., Ltd. ("IDC"), smartphone shipments ranked fourth in the world during the reporting period. The number of IoT devices (excluding smart phones and laptops) connected to the IoT platform reached about 150.9 million, up 193.2% year-on-year, consolidating the market leading position. As of December 31, 2018, the number of smart devices equipped with artificial intelligence assistant "Little Love Classmate" and activated exceeded 100 million, and the monthly active users as of December 2018 exceeded 38.8 million. The Internet service division increased by 61.2% year-on-year, and contributed 16 billion yuan in revenue.[35]

According to Xiaomi’s 2019 annual report, in 2019, the total revenue of Xiaomi Group reached RMB 205.8 billion, a year-on-year increase of 17.7%; The adjusted net profit reached RMB 11.5 billion, a year-on-year increase of 34.8%. In the fourth quarter of 2019, the total revenue reached RMB 56.5 billion, a year-on-year increase of 27.1%, and the adjusted net profit reached RMB 2.3 billion, a year-on-year increase of 26.5%. According to Canalys data, in the fourth quarter of 2019, Xiaomi ranked first in the year-on-year growth rate of shipments among the top five smartphone manufacturers in the world. In December 2019, the number of monthly active users of MIUI reached 309.6 million, a year-on-year increase of 27.9%. As of December 31, 2019, the number of connected IoT devices (excluding smartphones and laptops) of Xiaomi reached 234.8 million, a year-on-year increase of 55.6%. The number of monthly users of artificial intelligence assistant "Little Love Classmate" reached 60.4 million in December 2019, a year-on-year increase of 55.7%. The annual revenue from overseas markets was RMB 91.2 billion, up 30.4% year-on-year, accounting for 44.3% of the total revenue. As of December 31, 2019, Xiaomi’s products have been sold to more than 90 countries and regions around the world. According to Canalys, in 2019, Xiaomi’s smartphone shipments in 45 countries and regions ranked in the top five. In 2019, R&D investment reached RMB 7.5 billion, a year-on-year increase of 29.7%. As of December 31, 2019,Xiaomi’s total cash reserve is about RMB 66 billion.

AITO asked the M7 declaration map to be exposed, with its own Huawei system, and the arrow is on the line!

At the end of last year, Celeste and Huawei officially released the AITO Jiejie brand, and then launched the brand’s first model, the Jiejie M5. This year, Huawei officially launched the new model, the Jiejie M7 again. Recently, the M7 declaration map was exposed, and it was also positioned as a medium and large SUV, which had a slight collision with Li ONE in the same model. Let’s take a look at the works of the big brother in science and technology in the automobile industry.

In terms of appearance, most of the design elements of M7, including inverted trapezoidal grille and penetrating taillights, remain the design of M5. The front and rear door handles of the new car are designed in a hidden way, which is also a popular design technique for new energy vehicles at present, creating an intelligent and scientific effect. The overall body shape is smooth and elegant, but it lacks some sense of science and technology compared with some new models on the market, and it has also been vomited by some netizens that the design is "too old-fashioned". Compared with Li ONE, it is more scientific and technological. It seems that the M7 is more suitable for business people who pursue large space or car owners who prefer calm models.

In terms of body size, the length, width and height of the M7 are 5020/1945/1775 mm and the wheelbase is 2820 mm, which is close to the body size of Li ONE. The new car will also adopt the 6-seat layout of 2+2+2. After all, in the new energy market, large-size 6-seat SUVs are still very popular. However, Li ONE, as the biggest competitor of the M7, is also a 6-seat large-size SUV of the new energy model, and its size is extremely close. I wonder if it will be affected. In addition, the rear row of the new car is also designed with a rear privacy glass configuration to make the car more private.

In terms of power, the M7 is a hybrid electric vehicle equipped with h15rt 1.5T four-cylinder extended range engine. The maximum power is 92kW, and the fuel consumption of engine wltc is 1.05l/100km. Li ONE is also equipped with an extended-range hybrid system, which consists of a 1.2T engine and a brand-new drive motor, and is equipped with an ideal self-developed Li OS system and a millimeter-wave radar with driving assistance. Although there is no official data on battery capacity and battery life, the battery life of M7 will not be weaker than that of Li ONE, and the power system is really hard to tell.

At present, the interior of Wenjie M7 has not been made public, but it is understood that the new car will adopt the simple scientific and technological style similar to Wenjie M5, full LCD instrument and an oversized central control panel, and it has a built-in HarmonyOS OS intelligent cockpit. Presumably, its powerful ecological function will also bring different surprise experiences to Huawei’s new and old users.

From the price point of view, it is estimated that the selling price of M7 will be above 300,000, while the guiding price of Li ONE is around 349,800. If M7 can be lower than this selling price, the competitiveness will be more imaginative.

Although the official has only released the appearance and some dynamic information at present, judging from these data and the performance of M5, the launch of M7 is still worth our expectation. After all, it is a brand launched under the leadership of Huawei with strong scientific and technological strength. Let’s wait and see.

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Why is Extreme Yue 01 more sincere than Zhiji LS6?

  Extreme Yue 01 was officially listed, with an official price of 249,900. After seeing this price, many people will think that Yuejie 01 is more expensive than Zhiji LS6 and Tucki G6. Especially after Extreme Vietnam officially announced that it would buy out 19,900 high-end smart drivers, it undoubtedly aggravated the wait-and-see mood of users, because the smart driver LS6 next door has come standard, and the smart driver of Tucki G6 does not need to spend money. Suddenly, Extreme Yue 01 was labeled as "low intelligence-price ratio".

  This "strategic flicker" algorithm not only ignores the software and hardware advantages of the ultra-Yue 01 in intelligent driving and intelligent driving, but also ignores the small order rights of the ultra-Yue 01 and the car purchase rights of 70,000 yuan.

You can enjoy 10,000+high configuration for more than 1,000 yuan. Why is Extreme Yue 01 more sincere than Zhiji LS6 _fororder_image001

  One question: What are the comprehensive rights and interests provided by Extreme Yue 01? Compared with Zhiji LS6 and Tucki G6, where are the "intelligent price ratio" and "intelligent driving ratio" of Extreme Yue 01?

  In fact, if all kinds of rights and interests are added up, Extreme Yue 01 is only more expensive than Zhiji LS6 in 1000 yuan, and it can also enjoy the buyout high-level intelligent driving service. Coupled with Qualcomm’s new generation 8295 chip+dual NVIDIA Orin chip and 35.6-inch 6K integrated screen, isn’t this configuration and price fragrant?

More than 1000 yuan, enjoy 10,000 yuan+high configuration. Why is Extreme Yue 01 more sincere than Zhiji LS6 _fororder_image003

You can enjoy 10,000+high configuration for more than 1,000 yuan. Why is Extreme Yue 01 more sincere than Zhiji LS6 _fororder_image005

  In terms of basic space, there is little difference between Ji Yue 01 and Zhi Ji LS6. Objectively speaking, Zhiji LS6 is a little taller and has the typical height of a traditional SUV. The extreme crossing 01 is a little lower and wider, belonging to the sports SUV figure. The biggest difference is that the wheelbase of Extreme Yue 01 reaches 3000mm, which is 50mm larger than that of Zhiji LS6 2950mm, which means that the space of Extreme Yue is a little bigger. The trunk volume of Zhiji LS6 is 596L, which can be expanded to 1571L after the rear seat is put down, while the data of Extreme Yue 01 are 710L and 2161L respectively.

  On the other hand, in terms of basic three electrical properties, the total power of the front and rear motors of Extreme Yue 01 is 400kW, while that of Zhiji LS6 is 396kW, and the power is smaller. In the zero-hundred-kilometer acceleration, the polar crossing was accelerated for 3.8 seconds, while Zhiji LS6 was accelerated for 3.48 seconds. The two models have won and lost each other, but the bigger gap is also reflected in the CDC shock absorber.

  The technical characteristics of CDC shock absorber are that it can realize millisecond monitoring and response ability, and can automatically adjust the suspension damping according to the road conditions. When the road conditions are good at high speed, the suspension will automatically harden and improve handling. In poor road conditions such as suburbs, the suspension automatically softens, improving comfort. The value of this configuration is far more direct and tangible than accelerating by a few tenths of a second.

  The first question: directly buy the lowest-equipped model, not choose smart driving, lose money?

  The starting price of Extreme Yue 01 is 249,900 yuan, and you can enjoy a deposit of 5,000 yuan to get a discount of 10,000 yuan, as well as a reward of 5,000 yuan for the recommended car purchase. The total discount is 10,000 yuan. That’s not counting. If the user participates in the pre-sale (small reservation) before October 27th, he/she will also enjoy an additional 10 times expansion bonus of 1,000 yuan, which can reach 10,000 yuan. In other words, it is equivalent to a discount of 19,000 yuan, and only 230,900 yuan can win the ultra-01 low-profile version. If the user happens to be a Tesla owner, then on the basis of 230,900 yuan, 20,000 yuan can be reduced, which is 228,900 yuan.

More than 1,000 yuan is more than 10,000 yuan+high configuration. Why is Extreme Yue 01 more sincere than Zhiji LS6 _fororder_image007

  Extreme Yue 01 also provides an optional fund of 15,000 yuan, which can be used to deduct any optional configuration. You can choose a comfortable suit with interior (including Nappa leather seat, massage and ventilation of main and auxiliary seats, suede roof, audio system of unit 18, and car fragrance system), or you can choose an endurance upgrade package or a smart driving package of 19,000 yuan, which will be discussed later.

  In addition, Extreme Yue 01 provides lifelong vehicle/three-electricity warranty, lifelong road rescue, free home charging or a certain amount of free charging for 2 years, and a 6-month free subscription to the advanced intelligent assisted driving function.

More than 1,000 yuan is more than 10,000 yuan+high configuration. Why is Extreme Yue 01 more sincere than Zhiji LS6 _fororder_image009

  Frankly speaking, the configuration of the entry-level model of Extreme Yue 01 has reached the configuration of the flagship model. Compared with Zhiji LS6, the Extreme Yue 01 is only 1000 yuan more expensive, but it has more drivers’ and drivers’ seat massage, suede roof, headrest audio, fragrance system, four electric doors, three-zone independent air conditioning, fatigue detection, free home charging or two-year free charging, lifetime warranty of the whole vehicle, three batteries and electricity, brand-new 8295 chips from Qualcomm+two Orin X chips from NVIDIA, and 35.6 inches without splicing.

More than 1,000 yuan is more than 10,000 yuan+high configuration. Why is Extreme Yue 01 more sincere than Zhiji LS6 _fororder_image011

  The comfortable package of the Extreme Yue 01 (equipped with Nappa leather/ventilation of two seats of the main driver and the auxiliary driver+electric massage/equipped with 18 speakers/car fragrance including the whole car’s suede roof/aluminum door trim/headrest sound of the main driver) is worth about 15,000 yuan.

  Life-long vehicle, three-power warranty and life-long road rescue are worth about 8,000 yuan. Free home filling pile or 2 years free charging, worth 7500 yuan. These are sent directly to the user when placing an order. The extra configuration of the ultra-01 has been very affordable.

More than 1,000 yuan is more than 10,000 yuan+high configuration. Why is Extreme Yue 01 more sincere than Zhiji LS6 _fororder_image013

  As for Zhiji LS6, intelligent driving comes standard. There are two sides to this matter. Zhiji LS6 intelligent driving belongs to castrated version, and it is equipped with a single Orin chip. Compared with the two Orin chips of Extreme Yue 01, the computing power of Zhiji LS6 is only 254TOPS, which is equivalent to half.

  The high-level intelligent driving of Extreme Yue 01 has rich functions, and ROBO Drive Max can be used when picking up the car, and there is no need to wait for the subsequent OTA. At present, ROBO Drive Max includes: point-to-point navigation assistance PPA+ parking service AVP+ROBO Drive full function.

  Even if you don’t buy ROBO Drive Max, you will get a free 6-month experience. In addition, ROBO Drive is equivalent to a rich ADSD assisted driving function, which is standard and free of charge.

  Point-to-point pilot-assisted PPA, with high-order intelligent driving assistance capability covering high-speed and urban scenes. When PPA is started, it can complete a series of functional scenes such as autonomous lane change overtaking, getting on and off ramps, obstacle avoidance in and between lanes at high speed and overhead. In urban roads, zebra crossings and traffic lights can be accurately identified, and driving tasks such as courtesy to pedestrians, unprotected left turn and avoiding non-motor vehicles can be completed.

  Extreme Yue 01 has achieved the world’s first voice control/parking support outside the vehicle. Parking service AVP can not only identify various types and complex parking spaces, but also support the distance of up to 2 kilometers. It can be used in both indoor and outdoor parking lots, and supports the parking of any parking space on the same floor to the entrance and exit of the parking lot.

More than 1,000 yuan is more than 10,000 yuan+high configuration. Why is Extreme Yue 01 more sincere than Zhiji LS6 _fororder_image015

  ROBO Drive includes many intelligent driving functions, such as lane keeping, automatic parking assistance, collision warning, lane departure warning, etc., which realizes the complete opening of cabin driving and supports voice-controlled intelligent driving, such as adjusting cruising speed, changing lanes and choosing parking spaces. At present, ROBO Drive functions are all standard, and now it covers the whole country, the whole city and the whole road, and it is free.

  The second question: it costs 19,900 yuan to buy out the smart car. If you choose smart car, will you lose money?

  Then, discuss whether it is worthwhile to drive intelligently. Many people see that it costs 19,900 yuan to buy out the smart car. Isn’t the car price calculated to be 249,900 yuan+19,900 yuan = 269,800 yuan? This algorithm does not take into account the car purchase rights provided by Extreme Yue 01, and belongs to a typical "strategic flicker" algorithm.

  First of all, it’s true that the buyout of smart driving costs 19,900 yuan. Deduction with the optional fund of 15,000 yuan, only 4,900 yuan is needed to buy out the high-level intelligent driving. That is to say, the price of Extreme Yue 01 after buyout is 230,900 yuan+4,900 yuan = 235,800 yuan.

  In this way, the price of Extreme Yue 01 after buying out Zhijia is less than 5,000 yuan more expensive than Zhiji LS6. However, compared with Zhiji LS6, Extreme Yue 01 has more free home-filled piles or two-year free charging, lifetime warranty for the whole vehicle and three electric appliances, brand-new 8295 chip from Qualcomm +2 pieces of Orin X from NVIDIA, four electric doors, fatigue detection, and a 35.6-inch 6K integrated screen without splicing. The value of these configurations is enough to cover three 5,000 yuan.

More than 1,000 yuan is more than 10,000 yuan+high configuration. Why is Extreme Yue 01 more sincere than Zhiji LS6 _fororder_image017

  Imagine how much money can be saved when the vehicle is used for 3-5 years. When selling an old car for a new one, how much can the whole car and the three-power lifetime warranty increase the value of the car?

  Talking about Qualcomm 8295 chip, this fast chip uses dual NPU, and the AI computing power is 8 times that of Qualcomm 8155, and 2 times that of the current flagship mobile phone Qualcomm 8GEN2 chip. This performance is enough to guarantee life-long use without card. Let’s look at the current mainstream 8155. Many cars have frequent interactive experiences when they are in a new car state. Referring to the problem that the Android system uses more cards, the model with 8155 will only use more cards later.

  In the future, when you want to sell a deadly smart car, how much is its value? Cars are bulky items with low replacement frequency, so whether the long-term value of smart cars should be reasonably evaluated.

  Finally, discuss the difference between extreme wisdom and wisdom.

  First of all, the ultra-high-level intelligent driving is richer in function than the intelligent driving, and there are more AVP parking service and voice parking outside the car.

  Secondly, the ultra-high-level intelligent driving is out of the box, and it can be used directly without waiting, which belongs to "buy early and enjoy early". The intelligent driving of Zhiji LS6 needs to wait for opening, which belongs to "buy early and wait early". As for when it will be opened, it depends on the official rhythm. Now that the wisdom is on fire, whether to choose to use it out of the box or wait for futures is a question that needs careful consideration.

More than 1,000 yuan is more than 10,000 yuan+high configuration. Why is Extreme Yue 01 more sincere than Zhiji LS6 _fororder_image019

  To put it simply, if you want to experience the sense of science and technology of the intelligent cockpit and the more advanced interactive experience, Extreme Yue 01 not only gives the Qualcomm 8295 chip, but also gives the 35.6-inch ultra-clear 6K real integrated screen, as well as more scientific and technological configuration and two-year free charging, which promotes the experience of the intelligent cockpit to a higher dimension. If you want to experience intelligent driving, Extreme Yue 01 can give an out-of-the-box intelligent driving experience. As for Zhiji LS6, although intelligent driving is standard, it needs to wait. (Photo: provided by Jiyue Automobile)

500,000 vehicles delivered! Behind the new milestone in LI, the strategic strength is consistent.

With the delivery of an ideal L7, LI has reached a new delivery milestone.

On September 27th, LI completed the delivery of the 500,000th product to the users in Beijing Delivery Center, which also marked that LI became the first and fastest new force car company in China.

It is understood that since LI officially delivered its first car in December 2019, it took only 46 months to deliver 500,000 products. Among them, the delivery of 100,000 vehicles took 22 months, 300,000 vehicles took 39 months, 400,000 vehicles took 42 months, and 500,000 vehicles took 46 months, constantly setting new delivery records.

Some people think that the consistent strategic strength is behind LI’s rapid and excellent market performance. "LI still insists on making products, applications, technologies and systems thorough in the field of smart electric vehicles." Li Xiang, chairman and CEO of LI, once said that he hopes to achieve the same level as Apple in ten years, which is the strategic strength and core of LI.

Delivered to a new high, forming a new pattern of luxury SUVs in China

In fact, since this year, LI has maintained a strong trend in the terminal market. Data show that from January to August this year, the cumulative delivery volume in LI has reached 208,165 vehicles, and the monthly delivery volume is increasing. In August, LI delivered nearly 35,000 new cars, a year-on-year increase of 663.8%, a record high.

In addition, from January to August this year, LI’s market share in the domestic new energy vehicle market of more than 300,000 yuan exceeded 30%, becoming the sales champion of luxury new energy vehicles. Among them, judging from the market sales volume with terminal transaction price of over 300,000 in August, LI also surpassed Audi with 33,885 vehicles, second only to Mercedes-Benz and BMW.

Specific to the SUV market segment, starting from the second quarter of this year, LI won the SUV sales champion with a price of more than 300,000 in China market for five consecutive months, creating a new pattern of luxury SUV sales in China.

It is understood that since the delivery, the ideal L7 has been ranked first in the sales of medium and large SUVs in China market for six consecutive months, and won the sales crown from January to August; Ideal L8 has been the champion of six medium and large SUVs, and ranks in the top two market segments with ideal L7. Ideal L9 has won the sales champion of large SUV in China for many times. Since the first car rolled off the assembly line in August 2022, the cumulative delivery has exceeded 100,000 vehicles.

It is worth noting that with the continuous delivery of products, LI’s word-of-mouth has a positive communication effect. According to "Research on Brand Health of New Energy Vehicles in Jielan Road in the First Half of 2023", LI ranks first in the brand net recommendation degree (NPS), with a net recommendation value of 86.5%, leading the brand of new energy vehicles.

In addition, from the sales data, we can also see that the power of the ideal L series products continues to be recognized by home users in China. At present, the weekly sales volume of LI is stable at more than 8,000 vehicles, with sales exceeding 9,000 vehicles in the 38th week (9.11~9.17) and the 39th week (9.18~9.24) this year. While staying at the top of the sales volume of new power brands in China, it also maintains the top three sales volume of new energy brands in China market.

According to the financial report in the second quarter of this year, LI is expected to deliver 100,000 to 103,000 vehicles in the third quarter of this year, with a year-on-year increase of 277.0%~288.3%. As of September 24th, LI has sold 29,200 vehicles this month. While continuing to lead the new forces, it also plans to deliver 40,000 vehicles in November.

maintain strategic focus

From the market perspective, LI focuses on the high-end family car market. Li Xiang revealed: "Our strategy should guarantee two things: winning in this field and ensuring that our resources are concentrated. For example, when we look at the whole market, we can’t get into the market of 100,000 yuan and 200,000 yuan, because when the technology changes, the cost of new technology is slightly higher, and we don’t have the ability to fight price wars with traditional technologies. "

It is understood that LI’s core mission is to change travel with science and technology, and its vision is to become a leader in the field of automobile travel. Since its establishment, LI has been practicing this mission, insisting on full-stack self-research, and keeping 10% of its revenue for technology research and development every quarter, and has achieved many phased results.

At this year’s Shanghai Auto Show, LI released the "dual-energy strategy", which made great efforts in both "intelligence" and "electric energy" and entered a new stage of development. Reflected in the results, LI has built the first NOA scheme of the city based on the large model, which does not rely on high-precision maps; Around 5C Kirin battery, 800V high-voltage platform and 5C super-charged pile, the pure electric solution is optimized globally.

In addition, behind the rapid development of LI, the continuous upgrading of its organization also plays an important role. Li Xiang said: "(Building a car) This is a marathon, but every 4 kilometers of nodes will be eliminated. It is necessary to have long-term strategic strength and the ability to face short-term competitive elimination. The biggest challenge is its own organizational ability. "

In December last year, with the increase of new products, LI officially announced that its organizational structure had been adjusted from a vertical organizational structure to a matrix organizational structure. On the basis of the original two horizontal entity departments "Strategy Department" and "Product Department", five new entity departments were added, including commerce department, supply department, process department, organization department and finance department, which supported the management mode of LI and upgraded from a vertical functional organization to a matrix organization.

In the eyes of insiders, LI’s strategic focus, technical accumulation and organizational structure upgrading and adjustment have helped it stand out in the knockout stage of the automobile industry. "Technology, products, delivery capabilities, etc. are indispensable. Enterprises cannot have shortcomings, and the next elimination and involution will accelerate." Li Xiang said.

At the same time, LI continues to enrich the vehicle matrix. It is reported that MEGA, the flagship ideal of home technology in LI, will be officially released in December this year and will be delivered in February next year. In addition, the ideal L6 will also be listed next year. According to the plan, LI plans to achieve the goal of becoming the top luxury car brand in China market in 2024, and achieve the annual sales of 1.6 million vehicles by 2025.

Text/lianli