Ministry of Industry and Information Technology: Focus on the fields of intelligent connected vehicles, new materials, biomantry, hydrogen energy, humanoid robots and other fields to accelerate the development of new quality productivity

On July 26, a symposium of comrades in charge of national industry and information technology authorities was held in Beijing. The conference emphasized that to do a good job in the second half of the year, it is necessary to accelerate the cultivation of new pillars and new tracks, seize opportunities for a new round of scientific and technological revolution and industrial transformation, focus on precise efforts in fields such as intelligent connected vehicles, new materials, biomantry, hydrogen energy, humanoid robots, metaverse, brain-computer interfaces, quantum information, low-altitude economy, commercial space, etc., and accelerate the development of new quality productivity.

CIFA Auto: Intelligent connectivity will spawn a variety of new ecosystems in the automotive industry.

Ningde Times Semi-Annual Report: Total operating income of 166.77 billion yuan, net profit of 22.87 billion yuan to mother

On July 26, Ningde Times released its 2024 semi-annual report, achieving total operating income of 166.77 billion yuan and net profit to mother of 22.87 billion yuan. Of these, net profit to mother for the second quarter was 12.36 billion yuan, and the performance continued to exceed expectations. During the reporting period, operating cash flow reached 44.7 billion, cash reserves were abundant, and monetary capital reached 255 billion at the end of the period, supporting future high-intensity R&D investment and the construction of high-quality global production capacity; the comprehensive gross profit margin was 26.5%, an increase of 4.9 percentage points over the previous year.

Finance Association Auto: In the first half of the year, the global market share of the Ningde Era increased steadily.

GAC Aian expects the Indonesian plant to be completed and put into operation around the end of this year

On July 26, according to GAC Aian, the first batch of 500 AION Y Plus vehicles exported to Indonesia was loaded and set off at Xinsha Port. GAC Aian said it is expected that the Indonesian plant will be completed and put into operation around the end of this year.

CIFA Auto: Chinese electric car brands are becoming increasingly popular in the Southeast Asian market.

Lei Jun: More than 3 months after the launch of the Xiaomi SU7, more than 0.03 million units have been delivered

On July 26, according to Xiaomi Group Chairman Lei Jun's Weibo account, the Xiaomi SU7 has been on the market for more than 3 months and has delivered more than 0.03 million units, setting a new industry record. Delivery in July is also expected to surpass 0.01 million vehicles. At present, the increase in production capacity has been completed. The annual delivery target of 0.1 million vehicles is expected to be completed in November.

Finance Association Auto: “Production capacity” is one of the problems Lei Jun urgently needs to solve.

Starage Meizu COO Liao Qinghong: Launching the first car before this year

On July 26, Xingji Meizu COO Liao Qinghong said that Starbucks Meizu cars are being built intensively, and that the first car will meet consumers before the end of this year to be marketed and delivered. In terms of the specific path of creating cars, Starage Meizu will rely on the Geely System's design and manufacturing platform, and at the same time be more closely connected to Meizu consumers.

CIFA Auto: Keep up with the pace at which Xiaomi is building cars.

Honda China confirms plans to close two joint asset lines and two NEV factories to start production in September and November

On July 26, in response to recent reports that “Honda plans to close two automakers in China,” Honda China said that currently Honda has 7 vehicle production lines in China, with a total annual production capacity of 1.49 million units. Guangzhou Automobile Honda plans to close the fourth production line with an annual production capacity of 0.05 million units in October 2024, and Dongfeng Honda plans to shut down the second production line with an annual production capacity of 0.24 million units in November 2024. After adjustment, Honda's total automobile production capacity in China will change from 1.49 million units to 1.2 million units. Meanwhile, Dongfeng Honda's new electric plant under construction will be put into operation in September 2024, and GAC Honda's new new energy plant will be put into operation in November 2024.

CIFA Auto: Honda has reached a critical “crossroads” in China.

Ideal Auto Hosts NVH Technology Day

On July 26th, Ideal Auto hosted NVH Technology Day. The relevant person in charge explained that during the development process, Ideal Auto's NVH team formed a complete system to carry out research and development for the full speed range, full operating conditions, and full temperature range, covering scenarios such as low temperature NVH, rain sounds, and stone hits, and strives to surpass industry standards in NVH. During the development of the Ideal L9, the NVH team discovered and solved the high-frequency noise problem of the air conditioning system. By optimizing the refrigerant expansion valve, the 8,000Hz high-frequency noise was reduced by 15 dB, and the bicycle BOM cost increased by 140 yuan. Ideal MEGA is a pure electric product, and its cooling requirements during the 5C overcharging process posed a new challenge to the NVH team. By optimizing the fan design, it achieved a level of quietness comparable to that of the Tesla Model Y.

Finance Association Auto: Ideal Auto's strict requirements for the NVH performance of the entire vehicle create a quiet interior environment for car owners and highlight the high quality of the ideal car.

Tsubasa L380 officially joined the China-ASEAN Central Diplomatic Vehicle

The L380, the first luxury pure electric MPV owned by LEVC Yizhen Automobile, recently began nationwide delivery, and was officially listed as a diplomatic vehicle at the China-ASEAN center. The L380, built based on the world's first space-oriented pure electric architecture “SOA”, has a 75% vehicle occupancy rate, creating a cabin area of over 1.13 square meters per capita comparable to that of an Airliner, and 1,100 L of luggage space when the 6 seats are fully occupied. It addresses the basic requirements of group travel for large space, and will become a “competent assistant” for China-ASEAN central foreign affairs activities.

CIFA Auto: As the “king of space,” the L380 is more suitable for diplomats.

Thailand approves tax cuts for hybrid vehicles hoping to attract 50 billion baht investment

On July 26, Thailand's Investment Commission Secretary General Naritsathirasha stated that the committee approved a new set of incentives for hybrid vehicle manufacturers, which is expected to attract 50 billion baht of investment over the next four years. Thai hybrid electric vehicle manufacturers that join the program will pay lower consumption tax rates between 2028 and 2032.

CIFA Auto: Thailand has a complete automotive industry chain, and the market prospects are broad.

Mercedes-Benz cuts passenger car sector profit margin forecast for 2024

On July 26, Mercedes-Benz announced its latest performance report. Due to the decline in sales, especially the decline in sales of high-profit high-end models, both sales and net profit declined year-on-year in the second quarter. In the second quarter of this year, Mercedes-Benz's sales revenue fell 3.9% year on year, and sales fell 4.1% in the first half of the year. Net profit for the second quarter and the first half of the year decreased by 15.9% and 20.5%, respectively, and earnings per share in euros decreased by 11.7% and 17.4%, respectively. Meanwhile, Mercedes-Benz lowered its passenger car division's annual profit margin forecast, in part because it faces intense competition in China. The car company said that it currently expects the adjusted sales margin to be between 10-11% this year, which is lower than the previous expected range of 10-12%.

CIFA Auto: The “elephant transformation” of traditional car companies continues.

Audi Group's revenue for the first half of the year decreased by 9.5% year-on-year

On July 26, according to Audi Group's financial report, revenue for the first half of this year was 30.9 billion euros, down 9.5% year on year; operating profit was 1.982 billion euros, operating margin was 6.4%, and net cash flow was 1.13 billion euros. The Audi Group expects full-year revenue of 2024 to be between 63 billion and 68 billion euros, operating margin between 6% and 8%, and net cash flow forecast to remain unchanged at 2.5 billion to 3.5 billion euros.

CIFA Auto: BBA is facing a strong impact from NEV companies.

(Compiled and commented by CFA reporter Zhang Yipeng)