Daimler changed its name to Mercedes-Benz Group

Daimler (Daimler) announced that it will change its name to Mercedes-Benz Group (Mercedes-Benz Group) from February 1st. On January 30, Daimler's official website launched the new company name ahead of time.

With the change of Daimler's name, the company has completed the historic adjustment that began last year and was approved by an overwhelming majority of shareholders, the company said in a statement. The new Mercedes-Benz Group will focus entirely on its passenger car brands Mercedes-Benz, Mercedes-AMG, Mercedes-Maybach, Mercedes-EQ and vans.

At the same time, Daimler Mobile Travel will also change its brand to Mercedes-Benz Mobile Travel to provide financing, leasing and insurance services for passenger cars and vans.

Summary: in December 2021, Daimler Group has completed the spin-off of its truck and bus businesses. On December 10th, Daimler truck Company (Daimler Truck) was officially listed on the Frankfurt Stock Exchange.

Tesla, Inc. will not launch a new car this year.

Elon Musk says Tesla, Inc. will not launch a new car this year. Faced with continued supply chain disruptions, the electric carmaker is betting on increasing deliveries rather than diversifying its products.

Musk said that the introduction of new models now will weaken Tesla, Inc. 's ability to increase production. 'The basic focus of Tesla, Inc. this year is to expand production, 'Mr. Musk said. He expects the company's production to easily increase by more than 50% this year. The last time Tesla, Inc. delivered a new model to customers was nearly two years ago.

Summary: according to the latest financial report released by Tesla, Inc., total revenue in the fourth quarter of 2021 was $17.719 billion, up 65% from $10.744 billion in the same period last year. Net profit belonging to common shareholders was $2.321 billion, up 760% from $270 million in the same period last year. Total revenue from the automotive business was $15.967 billion in the fourth quarter, compared with $9.314 billion in the same period last year. Factory production has been below capacity for several consecutive quarters as the supply chain has become a major limiting factor.

General Motors Co announces the largest single investment in history

General Motors Co (General Motors) confirmed plans to invest billions in electric pickup trucks in Michigan, converting a factory in suburban Detroit into an electric pickup production center and building a battery factory in Lansing, Michigan.

The company plans to convert its O'Ryan assembly plant into an electric truck plant for $4 billion and will share $2.6 billion in battery factory costs with partner LG New Energy (LG Energy Solution).

In addition to the above investment, General Motors Co plans to invest about $500m in two assembly plants near Lansing. General Motors Co said it was the largest single investment in his history.

Brief comments:As General Motors Co accelerates the development of electric vehicles and software-driven services, the company also announced that it would hire more than 8000 new technical staff this year. General Motors Co is expanding the team responsible for the electrification of cars, the development of automotive software and indigenous technology, and fuel cell engineering.

LG New Energy shares listed in South Korea

Shares of LG New Energy (LG Energy Solution), the world's second-largest maker of electric vehicle power batteries, went public on the 27th, rising 99 per cent to 597000 won at the start of the day, rebounding after hitting 450000 won at one point to close at 505000 won. The company raised about $10.6 billion, making it the largest IPO in South Korea's history. Based on the IPO price of 300000 won per share, LG New Energy has a market capitalization of about $59 billion.

Summary: LG New Energy supplies power batteries to Tesla, Inc., General Motors Co and Hyundai, and the key to the company's growth plan is to become a check and balance in the Ningde era, the industry leader.

Apple Inc reports the highest quarterly revenue in history

Apple Inc (Apple) reports results for the first quarter of fiscal year 2022 ended December 25, 2021. Net revenue for the quarter was $123.945 billion, the highest in a single quarter, up 11 per cent from $111.439 billion in the same period last year, and net profit was $34.63 billion, up 20 per cent from $28.755 billion in the same period last year.

Of this total, revenue in Greater China was $25.783 billion, up 21% from $21.313 billion in the same period last year. IPhone has revenues of $71.628 billion, Mac of $10.852 billion, iPad of $7.248 billion, wearables, household products and accessories of $14.701 billion and services of $19.516 billion.

Brief comments:Apple Inc said that "very serious supply constraints" led to a shortage of iPad, and the supply chain problem was mainly due to a shortage of chips in older models.

Samsung maintains its position as the world's largest mobile phone vendor

Global smartphone shipments rose 4% year-on-year to 1.39 billion units in 2021, according to market research firm Counterpart Research. Samsung retained its position as the world's largest handset maker by shipments, shipping about 271 million units in 2021, up 6 per cent from a year earlier.

Apple Inc was not far behind, ranking second in global mobile phone shipments, with 237.9 million units, up 18% from a year earlier. XIAOMI's global shipments increased 31% year-on-year to 190 million units. Oppo and Vivo also achieved double-digit growth, with shipments of 143.2 million and 131.3 million, respectively.

Summary: according to the latest Counterpoint report, vivo ranks first in the smartphone market in China in 2021, with a market share of 22%. OPPO followed by a margin of 1 percentage point, with a market share of 21%.

Apple Inc ranks third with a market share of 16%. XIAOMI ranked fourth with 15 per cent market share, Glory and Huawei tied for fifth with 10 per cent market share, and realme ranked seventh with 3 per cent market share.

Taiwan Semiconductor Manufacturing Co Ltd's market capitalization exceeds that of Tencent.

Thanks to growing demand for semiconductors, Taiwan Semiconductor Manufacturing Co Ltd has a market capitalization of $600 billion, making it the most valuable technology company in Asia. Globally, Taiwan Semiconductor Manufacturing Co Ltd ranks 10th, closely following Buffett's Berkshire Hathaway.

Tencent was squeezed out of the top position by Taiwan Semiconductor Manufacturing Co Ltd from the list of Asian technology market capitalization. As of last week's close, Tencent's market capitalization was about $567 billion. Data show that since December 15 last year, Taiwan Semiconductor Manufacturing Co Ltd's market capitalization has continued to be higher than Tencent's.

Summary: the most valuable company in Asia is Saudi Aramco, with a market capitalization of about $1.9 trillion.

Meta builds the world's fastest supercomputer

Meta Platforms, Facebook Inc's parent company, says the research team is already building a new artificial intelligence (AI) supercomputer, which Meta believes will be the world's fastest supercomputer when it is completed by mid-2022.

Meta says its new artificial intelligence research super cluster (RSC) will help the company build better artificial intelligence models that can learn from trillions of examples, operate in hundreds of languages, and work together to analyze text, images and videos to determine whether the content is harmful.

Brief comments:Meta has worked with teams from Nvidia, Pure Storage and Penguin Computing to build the supercomputer.

Evergrande puts forward a preliminary restructuring plan within 6 months.

China Evergrande Group announced on the evening of January 26th that the company held a conference call with group creditors on the same day. The company reiterated that it would assess the situation of the Group and make adequate plans to ensure the rights of stakeholders.

To this end, the company is promoting auditors to carry out relevant work, during which we will continue to listen carefully to the opinions and suggestions of creditors, and strive to put forward a preliminary restructuring plan within the next 6 months.

Prior to this, Evergrande Group issued a statement on issues related to cross-border foreign debt, saying that it had conducted in-depth discussions with relevant parties and had made some progress in exploring ways to implement risk resolution work.

Evergrande Group said it looked forward to further dialogue and communication with foreign creditors and called on foreign creditors to work together to ensure that the rights of all stakeholders are not greatly damaged and not to take any radical legal action.

Brief comment: China Evergrande Group announced that since January 23, 2022, Sean has been appointed as executive director and Liang Lin has been appointed as non-executive director. Lai Lixin and Huang Xiangui resigned as executive directors. Sean is chairman of China Evergrande New Energy Vehicle and Liang Lin is chairman of Cinda Hong Kong.

SUNING became the king of A-share annual loss forecast.

SUNING issued a 2021 performance notice, becoming the current A-share annual loss forecast king. The net loss attributed to shareholders of listed companies in 2021 was 42.3 billion yuan to 43.3 billion yuan, compared with a loss of 4.275 billion yuan in the same period in 2020. The net loss increased by 889.47% to 912.87% compared with the same period last year.

The net loss of shareholders belonging to listed companies after deducting non-recurring profits and losses was 43.9 billion yuan to 44.9 billion yuan, compared with a loss of 6.807 billion yuan in the same period last year, and the loss increased by 544.92% to 559.62% over the same period last year.

The announcement said that since June 2021, due to the continuing lack of liquidity, there has been a serious shortage of commodity inventory and a sharp decline in the scale of sales and procurement at the same time, resulting in a sharp drop in operating profits corresponding to an increase in procurement costs.

Brief comment: the scale of SUNING's pre-loss of 42.3 billion yuan surpassed Huaxia Happiness and became the current A-share annual pre-loss king. Huaxia Happiness expects to achieve a net loss of 33.1 billion yuan to 39.1 billion yuan attributable to shareholders of listed companies in 2021.