[Today’s Aspect]
[Industry Wind Direction]
In April 2024, LI announced the delivery of 28,984 new cars in March, up 39.2% year-on-year. The total delivery volume in the first quarter reached 80,400, up 52.9% year-on-year. So far, LI has delivered a total of 713,764 vehicles, making it the first brand among China’s new power car companies to exceed 700,000 vehicles. The company said that it will continue to improve its product and service experience. LI has 474 retail centers and 356 after-sales maintenance centers all over the country, and launched 2024 L-series and MEGA models on March 1st, and will soon launch a new model L6.
In March 2024, the delivery volume of Krypton vehicles reached 13,012 units, up by 95% year-on-year, and increased by 117% year-on-year from January to March, with a total delivery of 229,692 units. The new Krypton 001 is scheduled to exceed 30,000 units in the first month of listing, and its models have achieved nearly 230,000 units with zero spontaneous combustion. In order to cope with the peak of orders, Krypton issued the policy of "car care subsidy", and the maximum subsidy for car owners with specific conditions can reach 30,000 points.
In March, HarmonyOS Zhixing’s AITO brand delivered a total of 31,727 new cars, a significant growth rate from February. The new M7 delivered 24,598 vehicles in a single month, with a cumulative sales volume of over 120,000 vehicles, while the new M9 delivered 6,243 vehicles. The car department of Wenjie also launched OTA upgrade, including the urban intelligent driving navigation assistance function of Wenjie M9, which improved the intelligent driving ability and user experience.
Xiaomi Auto officially answered 16 questions from netizens, including the re-sale of the original version of Xiaomi SU7, maintenance suggestions, road rescue services, on-site maintenance services and other issues. It is clearly pointed out that the original version of Xiaomi SU7 will no longer open new orders, and the importance of the official authorized service center is emphasized. In addition, Xiaomi SU7 provides a number of quality assurance services and supports ecological expansion in terms of software and hardware. At the same time, Xiaomi SU7 Max is equipped with "drift mode", but users are reminded to pay attention to safety when using it.
Wei Jianjun, Chairman of Great Wall Motor, reviewed Xiaomi SU7 and praised its design details. He exchanged new cars with Lei Jun at the launch conference of Xiaomi SU7, and Wei became the owner of SU7. The new car went on the market on March 28th, and more than 88,898 units were ordered within 24 hours, with the price range of 215,900-299,900 yuan. Wei mentioned that Xiaomi Automobile has made remarkable progress in the past three years, especially in terms of intelligence and ecology. The delivery cycle of Xiaomi SU7 standard version is 14-17 weeks, Pro version is 17-20 weeks, and Max version is 25-28 weeks. The first phase of Xiaomi Automobile Factory was completed in June 2023, and the second phase is scheduled to be completed in 2025.
Jia Yueting, the founder of FF, openly questioned the plagiarism of Xiaomi automobile. He thought that Xiaomi automobile showed the maturity of China’s new energy automobile industry chain and the cost-effective advantage made in China, but criticized its cottage culture and shallow innovation. Emphasize the importance of originality and entrepreneurship, as well as the pioneer role of science and technology head enterprises. In addition, the price of Xiaomi SU7 is 215,900 yuan, and 88,898 orders are harvested in 24 hours, which shows its market appeal.
Weimar Automobile is facing a serious insolvency problem, with total book assets of 3.988 billion yuan and liabilities as high as 20.367 billion yuan. At the first creditors’ meeting, it was revealed that the salary, compensation and welfare payments owed to employees exceeded 40 million yuan, and the partners such as supply chain were about 1.734 billion yuan. Freeman Shen, the founder of the company, is no longer in China, and his family has moved to the United States. Despite this, Weimar Automobile is still seeking restructuring to protect the rights and interests of all parties and resume operations.
Ford China announced that Dr. Jia Mingyong will replace Ms. Zhu Meijun, who is about to retire, as the new president of Lincoln China. Jia Mingyong has rich industry experience and has held several senior management positions in SAIC Volkswagen. Lincoln sells a variety of models in China market, including Lincoln Z sedan and adventurers, navigators, aviators SUV, and imported pilots. Aviator is about to launch a mid-term revised version, which is consistent with the overseas version. In 2023, Lincoln’s sales in China exceeded 70,000 vehicles, with a total of 500,000 vehicles.
The 27th Chengdu International Automobile Exhibition announced that it will be held in the West China International Expo City from August 30th to September 8th, 2024. At present, it is in the stage of attracting investment, and the specific ticket purchasing channels and booth map have not been announced.
In April, a number of new cars will be launched, including China brand new energy vehicles and imported brand vehicles. The new Tengshi N7 will be launched on April 1st, with upgraded appearance and expected battery life of 630km. The 2024 model (|) will also be listed on the same day, adding a new version of Lvfan. The new generation Subaru WRX configuration information was exposed and the price was announced in April. The 2024 Land Rover evoque L will launch four models, including the plug-in hybrid version. Kaiyi Moon Pick Mate/ Kunlun i HD is expected to be launched in April, and Kunlun i HD is a plug-in hybrid version. The 2024 Lexus NX will be launched in April with an upgraded configuration. Baojunyue Plus is built on a brand-new platform and will provide five appearance colors. It is expected to be launched in April. Zhidou Rainbow will also be launched in April, positioning micro electric vehicles. Zhengzhou Nissan paladin cool edition/commemorative edition is planned to be launched on April 15th-16th, and will be equipped with a 2.0T engine.
[Travel dynamics]
The National Development and Reform Commission announced that from 24: 00 on April 1st, the price of No.92 gasoline will be raised by 0.16 yuan per liter, No.95 gasoline by 0.17 yuan per liter and No.0 diesel by 0.16 yuan per liter. After this price adjustment, 8 yuan will be paid extra for filling a box of 50L No.92 gasoline. So far in 2024, the price of refined oil has undergone seven rounds of adjustment, including four upward adjustments, one downward adjustment and two stranding, in which the cumulative increase of No.92 gasoline is 0.53 yuan/liter, and the cumulative increase of No.0 diesel oil is 0.55 yuan/liter.
Baidu Map, together with many research institutions, released the 2023 China Urban Traffic Report, which showed that Beijing continued to lead as the most congested city, with the congestion index increasing by 20.13% year-on-year, and the average speed at peak hours was only 24.26 km/h.. Lanzhou became the city with the fastest rising congestion ranking, rising by 36 places. In the list of commuting time and distance, Beijing ranks first. On the weekend congestion list, Guangzhou ranked first, and Wuhan ranked the fastest. In addition, the report also covers indicators such as cross-city migration, traffic light happiness and green travel willingness.
A serious car accident occurred in the fourth section of Renmin South Road in Chengdu. A car knocked down many people, resulting in two deaths and two injuries. Zhang Moumou, the driver of the accident, has been under the control of the police, and the police are investigating and handling it. The accident occurred on the evening of March 31, 2024, in the second section of the South First Ring Road in Wuhou District.
[Product Information]
Extreme Krypton 007 rear-drive enhanced version has been listed on April 1, with a price of 209,900 yuan. The car adopts 800V architecture, self-developed BRICS battery, and CLTC comprehensive battery life can reach up to 688km. Equipped with luxurious intelligent configuration and practical functions, such as 21-speaker advanced audio and 15.05-inch OLED central control panel. The design was built by Stefan Sielaff’s team, and it is available in single-motor and double-motor versions, with the acceleration time of 0-100km/h for the rear-drive version of 5.4 seconds. Car buyers enjoy a number of warranty rights, as well as limited-time low-interest installment concessions.
SAIC Volkswagen LaVida’s cutting-edge and outstanding version is officially listed, offering two models, with the price range of 79.99-87.99 million yuan, which is 22,000-22,000 yuan lower than before. The configuration is consistent with the 2023 model, including automatic headlights, AEB automatic emergency braking, etc., and LED front fog lights and leather seats are added to higher-priced models. Equipped with a 1.5L engine and a 6-speed automatic transmission, the comprehensive fuel consumption of WLTC is 4.3L/100km.
The new M7 rear-wheel drive models are now offering limited-time discounts until April 30th. The 1.5T rear-drive Plus version of the 5-seat model offers a discount of 20,000 yuan, with a car paint matching right worth 6,000 yuan, and the price after the discount is 229,800 yuan; The 1.5T intelligent rear-drive Max version 5-seat model offers a discount of 10,000 yuan, and the price is 279,800 yuan. The features of the new M7 include integrated air intake grille and headlights, spacious size, simple interior with luxurious wood grain decoration, high-tech intelligent cockpit equipment, and powerful HUAWEI DriveONE extended-range electric drive platform.
FAW-Volkswagen announced that it will launch a limited-time supplementary subsidy activity from April 1 to April 23, with a maximum cash subsidy of 5,000 yuan and a maximum replacement subsidy of 24,000 yuan. The Tanyue family and Magotan enjoy free commercial insurance, and the first test drive can win Huawei Mate60 Pro. SUV models enjoy a replacement subsidy of 16,000 yuan and 5 maintenance, and the car Bora has additional cash and commercial insurance subsidies. The pure electric model ID.7 VIZZION enjoys 7000 ID coupons, as well as a number of replacement and recommendation offers.
Weilai Automobile launched a subsidy scheme for replacing oil vehicles up to 1 billion yuan, encouraging consumers to replace new vehicles with oil vehicles and offering discounts of up to 30,000 yuan, including optional subsidies, NIO Phone vouchers, electricity exchange vouchers and NOP+ use rights. At the same time, Weilai optimized the battery rental service fee, and offered the first-class car purchase discount when paying the bill. This activity is valid until May 31st.
Tucki G9 launched a limited-time preferential activity, with a maximum of 20,000 yuan of smart driving subsidy and a number of optional discounts. The activity period is from April 1 to April 30, 2024. As the flagship SUV of Tucki, G9 is designed with X Robot Face, equipped with split headlights, hidden door handles and 21-inch low-drag wheels. The interior has three large screens and is equipped with X-mart4.0 system. Powered by single rear drive and dual-motor four-wheel drive versions, the battery life ranges from 570km to 702km. Intelligent driving is equipped with dual NVIDIA DRIVE Orin chips, which has full scene assisted driving function.
Cadillac IQ Aoge will be listed and delivered at the Beijing Auto Show, which is the second electric SUV based on the Otneng platform after IQ Ruige. The interior of the new car debuted, equipped with a curved one-piece large screen and a three-spoke steering wheel, decorated with blue elements, and the configuration includes head-up display and front seat heating. The appearance maintains the family style, with a size of 4822/1912/1643mm and a wheelbase of 2954 mm. The power system consists of two motors, providing four-wheel drive, with a maximum speed of 180 km/h.
As a small SUV, Baojun Yueye Plus will be launched in April, offering five appearances and two interior colors. The new car adopts Square Box+ design language, and is equipped with a front single motor. The maximum power is 102 HP, the maximum speed is 150km/h, and the CLTC pure electric cruising range is 401km. The length, width and height of the car are 3996*1760*1726mm respectively, and the wheelbase is 2560 mm. The interior space is optimized, providing up to 28 storage spaces, and using advanced environmental protection materials to enhance the interior texture.
Tesla announced that Model 3 and Model Y can now choose Star Grey Paint for free, after this option had to pay an extra 12,000 yuan. Model 3 is a pure electric medium-sized car with a price range of 24.59-28.59 million yuan and a maximum cruising range of 606-713km. Model Y is a pure electric medium-sized SUV with a price of 25.89-36.89 million yuan and a battery life of 554-688km. Tesla recently celebrated the 6 millionth car off the assembly line, from 5 million to 6 million in just six months.
Aouita officially released a set of official drawings of the Aouita 12 convertible with a special April Fool’s Day edition. The new car design continues the sleek and smooth style of the ordinary version, and adds a convertible design to enhance elegance. However, the detailed analysis shows that these pictures are probably AI-generated works, such as the different shapes of taillights and the unrealistic elements such as the static vehicles in the pictures but dusty. Despite the flaws, the design of the convertible version is quite suitable.
ICAR is about to launch a new pure electric SUV V23, which focuses on retro off-road style. The detaiLED design combines the lens and led strip’s round light group, NFC door unlocking function and 3X3 dot matrix taillights with recognition. The V23 is also equipped with millimeter-wave radar, which echoes the style of retro off-road vehicles, adopts short front and rear suspension and long wheelbase design, increases the internal space, and is equipped with an external spare tire. The new car is expected to be unveiled in the near future.
All models of Tank 500 will be upgraded by OTA, the car system will be optimized, a variety of connection modes and navigation functions will be added, the multimedia system will be enriched, and a new "smart ball control" function and voice assistant optimization will be introduced. The upgrade contents include the suspension of speedball desktop, information push, global gesture operation, etc. At the same time, certain models will provide "remote control function of plugging and grabbing" to remotely start the air conditioner when charging.
Zhiji Automobile will push the upgrade of IMOS 2.7.0 in batches from March 31st. More than 100 optimizations have been added in this update, including ICS pan/tilt braking, commuting mode (Beta) and mobile phone remote parking. Zhiji currently sells models of Zhiji L7, LS6 and LS7, and the prices are 299,900-578,800 yuan, 219,900-281,900 yuan and 279,800-449,800 yuan respectively.