Weekly Index
Note: The data is obtained by adding up the data from Dianka and Tianji for the new brand, Tianji, released by Dianka.
Weekly News
Chehejia acquires Chongqing Lifan Automobile Co., Ltd. for 650 million yuan and acquires production qualifications
On December 17th, the 17th meeting of the fourth board of directors of Lifan Industrial Co., Ltd. reviewed and passed the “Proposal on Lifan Industrial (Group) Co., Ltd. to Sell the Equity of Its Wholly-owned Subsidiary Chongqing Lifan Automobile Co., Ltd.”, agreeing that the company will transfer its 100% equity of Chongqing Lifan Automobile Co., Ltd. at a price of RMB 650 million to Chongqing Xin Fan Mechanical Equipment Co., Ltd.
Beijing Xindian Intelligent Technology Co., Ltd. holds 100% of the equity of Chongqing Xin Fan Mechanical Equipment Co., Ltd., and Chehejia holds 100% of the equity of Beijing Xindian Intelligent Technology Co., Ltd.
Lifan Group has two qualifications for Lifan Automobile and Lifan Passenger Cars. By acquiring Chongqing Lifan Automobile Co., Ltd., Chehejia will solve the problem of production qualifications.
Quick comment: Car and Home has been promoting to the public that consumers do not need to worry about qualifications. Ideals ONE will be built by Ideal Intelligent Manufacturing’s own factory and employees. Now, this problem has been confirmed. With the qualification support, Li Xiang’s car-making dream is closer, and the mass production of Ideal ONE will be more stable.
JAC Volkswagen New Energy Passenger Vehicle R&D Center officially started
On December 10th, the JAC Volkswagen New Energy Passenger Vehicle R&D Center located in Hefei, Anhui officially started.
The R&D center plans to be completed in 2021. After completion, JAC Volkswagen Group, Volkswagen Group and SEAT (a wholly-owned subsidiary of Volkswagen) will jointly develop a pure electric vehicle platform and develop products for the Chinese and overseas markets based on the platform.
JAC Volkswagen plans to introduce the SEAT brand before or by 2021 and jointly conduct electrification development on the basis of SEAT products.
The three parties will provide the necessary investment and technical support to the R&D center to develop vehicle networking, autonomous driving, and other strategic new car technologies, and provide them to all parties for use in the future.
Quick comment: China’s new energy vehicle market is flourishing, and Volkswagen is attempting to introduce its subsidiary SEAT into China through electrification, which is an ideal situation, but whether consumers will buy it depends on the products.
Consensus on Sino-US economic and trade issues, Tesla lowering prices again
During the G20 Leaders’ Summit, China and the United States reached an important consensus on Sino-US economic and trade issues. The State Council Tariff and Tax Commission decided to temporarily suspend the additional tariffs on cars and parts originating in the United States starting from January 1, 2019 for three months.
Once the announcement was made, Tesla quietly adjusted the prices of Model S and Model X on its official website. The prices of Model S P100D, Model X 100D, and Model X P100D remained the same as the adjustments made in November. The prices of the other three models have decreased by 40,000 to 100,000 yuan, and the price of Model 3 has also been slightly reduced.
## Quick Review: Tesla’s pricing fluctuated significantly under the influence of the trade war, and it may have reached the bottom after this price challenge. I wonder if the Model 3 price reduction has attracted some consumers who were limited by the original price but are now able to purchase.
Zero Run S01 Configuration Table Exposed
On December 12th, Zhao Gang, vice president of Zero Run Motors, released the configuration table of the Zero Run S01 ahead of time on Weibo. There are two versions of the S01, a 380km and a 460km extended-range version. The NEDC extended ranges are 300km and 380km, respectively, and each version has two types of standard and Pro configurations. From the configuration table, the hardware configuration for the intelligent driving is very abundant, and it can be upgraded through OTA upgrades in the future to achieve L3 level of assisted driving.
Zero Run S01 is expected to be officially launched in January 2019, with an expected price range of 100,000-150,000 yuan based on the 2019 Beijing subsidy policy.
Quick Review: As a newcomer in the automobile industry, Zero Run S01 rarely makes a move to catch the public’s attention. S01 is positioned as a large toy for young people, and with the support of intelligent technology, how fun can it be? Let’s find out in January next year!
MIIT Announces the 315th Batch of New Car Declaration Publicity, BYD Qin EV600 on record
On December 14th, the ministry of industry and information technology issued the 315th “Announcement of the Production Enterprises and Products of Road Motor Vehicles”, which included BYD’s Qin EV600, Yuan EV500, and Honda’s Odyssey hybrid version.
Quick Review: As the range of electric vehicles on the market continues to improve, BYD has also put larger batteries in its pure electric Qin and Yuan models, successively improving the comprehensive range. BYD’s battery technology is leading the industry, but it is really not a good habit to name the car based on constant speed battery life.
BMW Puts 200 5 Series in Chengdu to Build High-End Ride-Hailing ServiceOn December 14, 2018, the BMW Group announced the further expansion of its ReachNow instant mobility services in China and will be operated by BMW Mobility Service Ltd., a wholly-owned subsidiary established in Chengdu Tianfu New Area in April this year.
Last December, BMW’s ReachNow instant mobility services collaborated with EVCard and launched a fleet of 100 BMW i3 electric cars for ride-sharing services in Chengdu. The number of service stations increased from the initial 25 to 1000 over the course of a year. This time, BMW ReachNow has officially launched the high-end car-hailing services in Chengdu for the first time and will invest 200 BMW 5 Series cars equipped with dedicated drivers.
Quick Comment: Many automakers are exploring mobility services, and as a luxury brand, what’s BMW’s plan? What changes will the industry face in the future? These questions are worth considering.
Tesla is reportedly considering buying factories from General Motors to increase production capacity, while Faraday Future has asked around 100 employees in China to unpaid leave.* NIO delivered 3089 ES8 in November, expected to exceed 10,000 this year | E Weekly News
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.