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Tesla's market value has plummeted by 100 billion, and new challenges have emerged? The first Huawei Hongmeng automobile is about to be delivered

According to the reference news network, the first Huawei Hongmeng automobile Aito Q&A M5 is about to "hit the road" in China, and there is news confirming that this car will be officially delivered at a ceremony held in Shanghai. As the first car equipped with Huawei's Hongmeng system, it is also a competitor of Tesla, a world-renowned electric vehicle company, and from the perspective of Tesla's previous trends, this car may also bring certain new challenges to Tesla.

Tesla's market value has plummeted by 100 billion, and new challenges have emerged? The first Huawei Hongmeng automobile is about to be delivered

As early as last December, the car equipped with Huawei's Hongmeng system was unveiled to the public, and Yu Chengdong, CEO of Huawei's consumer business group, introduced the car for an hour at a product launch. However, despite the details, Huawei stressed that the company will not manufacture its own cars, and its main goal is to work with automakers to develop various technologies used in cars, including autonomous driving.

Tesla's market value has plummeted by 100 billion, and new challenges have emerged? The first Huawei Hongmeng automobile is about to be delivered

Aito asked the automaker behind M5 called Cyrus Corporation, headquartered in Silicon Valley, USA. In China, it is a subsidiary of Chongqing Xiaokang Company. The positioning of the car is a medium-sized luxury SUV, the power is relatively strong, the driving experience is more intelligent and humanized, although it is an electric vehicle, but it is equipped with a fuel tank, that is to say, it can continue to maintain continuous sailing after the power is exhausted, which largely solves the user's concerns about the endurance of electric vehicles. This feature has a lot in common with the ideal one model of the Ideal Car for Chinese startups.

Tesla's market value has plummeted by 100 billion, and new challenges have emerged? The first Huawei Hongmeng automobile is about to be delivered

The car was priced in February last year, with the three models priced between 240,000 yuan and 320,000 yuan. Although Cyrus mainly undertook the production and manufacturing of the car, Huawei was almost involved in the entire design and development process of the car, not only that, the early planning work and the later sales and service, Huawei was also involved. Therefore, the Aito M5 has a true Huawei pedigree, and it is precisely because of this that the car has received widespread attention as soon as it came out.

Tesla's market value has plummeted by 100 billion, and new challenges have emerged? The first Huawei Hongmeng automobile is about to be delivered

Previously, Tesla's market value plummeted by $100 billion because it announced that it would not launch new models in 2022. At that time, some analysts believed that this gave Chinese start-ups the opportunity to develop in China's electric vehicle market, and they could use the new models developed to fill the gap in Tesla's Chinese market. Now, aito Q&A M5 seems to have seized the opportunity to make Tesla face a new challenge in China. However, for Chinese auto start-ups, while seizing opportunities, they must also solve basic problems as much as possible, such as improving the supply chain, so as to gain a firm foothold in the electric vehicle market.

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