Emgrand L Thor Hi · X Super Electric Hybrid was released, and GAC Trumpchi Julang Hybrid released the | First Financial Automobile Daily Review

Geely Emgrand L Thor Hi · X Super Mix is officially released

On April 26, Geely's first Thor super hybrid sedan - Emgrand L Thor Hi · X Super Mix is officially released. The new car launched three models, Super Net, Super Xun and Super Rui, and the price after comprehensive subsidies was 129,800-145,800 yuan. With the blessing of the new 1.5TD high-efficiency engine, 3-speed hybrid electric drive DHT Pro and BMA super hybrid, the model can achieve 3.8L power loss fuel consumption, 6.9s 100 km acceleration, 1300km endurance.

Yicai comments: Since last year, hybrid technology has become a leading mainland independent brand "must compete", at present, including Geely Automobile, many car companies have launched exclusive new hybrid platforms and models, and the future hybrid market may usher in greater growth. This year is an important year for Geely Automobile's comprehensive transformation to new energy, and hybrid technology is one of the important weapons of its transformation, which has been reflected in sales. In March this year, Geely Automobile's total sales of new energy and hybrid models reached 15,600 units, an increase of 332% year-on-year. Geely Automobile previously said that in 2022, Geely Automobile will continue to increase its research and development investment in new energy products, and will bring more than 10 new energy products such as Raytheon oil-electric hybrid, Raytheon super electric hybrid, pure electricity, etc., of which 5 are super electric hybrid models.

GAC Trumpchi officially released the Julang hybrid brand

On April 26, GAC Trumpchi officially released a new hybrid technology brand name as Julang Hybrid. Julang Hybrid has a dual hybrid technology route: the positive self-developed GMC dual motor series parallel hybrid system; digesting and absorbing Toyota's latest THS hybrid system, and innovative breakthroughs to achieve the combination of turbocharged engine and THS system, the two systems have their own strengths. At the press conference, as the first SUV of Julang Hybrid GMC2.0, Trumpchi Shadow Cool was also officially unveiled. In terms of electrification strategy landing products, this year GAC Trumpchi will also successively launch hybrid models of Shadow Leopard and M8.

Yicai comments: Independent brands and joint venture brands are accelerating the pace of electrification, in addition to continuously introducing new technologies and new products for pure electric, but also increasing the development of hybrid vehicles. Previously, the market for hybrid vehicles was basically occupied by a small number of multinational car companies such as Toyota and Honda. However, in recent years, independent brands such as BYD, Geely, Great Wall, and GAC Trumpchi have broken into the hybrid field. Compared with other independent brands, the advantage of GAC Trumpchi's development of hybrid vehicles is that its parent company GAC Group's gac toyota, GAC Honda and other joint venture car companies have already introduced hybrid technologies and products in China. Therefore, GAC Trumpchi has taken the GAC Group's free ride to a certain extent and integrated resources in many ways. Zhang Yuesai, general manager of GAC Passenger Vehicles, said at the press conference yesterday that undertaking the electrification strategy of GAC Group, GAC Trumpchi has made every effort to promote the landing of HEV and PHEV hybrid technologies. After 13 years of technological precipitation, through open cooperation and independent research and development, GAC Trumpchi has become the only brand with a dual-hybrid technology route. Julang Hybrid is the hybrid technology brand launched by GAC Trumpchi in the context of "double carbon".

State Council: Steadily increase bulk consumption such as automobiles

Recently, the General Office of the State Council issued the "Opinions on Further Releasing Consumption Potential to Promote the Sustained Recovery of Consumption" (hereinafter referred to as the "Opinions"),which proposes 20 measures in 5 aspects. Among them, the "Opinions" pointed out that in order to steadily increase the bulk consumption of automobiles and other large-scale consumption, all regions must not add new car purchase restriction measures, and areas that have implemented purchase restrictions should gradually increase the number of automobile incremental indicators, relax the qualification restrictions for car buyers, and gradually cancel automobile purchase restrictions according to local conditions.

Yicai comments: This round of the epidemic has brought a greater impact on both the supply side and the demand side of the car, according to the preliminary calculation of the Association of Passenger Vehicles, the national narrow passenger car retail sales in April are expected to be 1.1 million units, down 31.9% year-on-year. As a pillar industry in the mainland, the contribution of the automobile industry to the national GDP is about 10%, so it is of great significance for the state to introduce policies to further stabilize automobile consumption under the epidemic. Recently, in order to promote the recovery of automobile consumption, the Ministry of Commerce also proposed to deepen the reform of the automobile circulation field, expand the circulation of second-hand cars, and support the accelerated development of new energy vehicles.

LG New Energy invested KRW 7 trillion to expand production capacity

LG New Energy held a results conference on the morning of April 27 and announced that it achieved sales of KRW 4.34 trillion and operating profit of KRW 258.9 billion in the first quarter. Sales increased by 2.1% year-on-year and operating profit increased by 242% sequentially, resulting in an operating margin of 6%.

In order to maximize global production capacity, LG New Energy plans to invest about 7 trillion won globally this year. With the expansion of cylindrical battery production lines in China and the addition of joint venture plants in North America, the overall investment scale is expected to rise in tandem. LG New Energy plans to increase global production capacity to 200 GWh by the end of this year and 520 GWh by 2025.

LG New Energy has set a sales target of 19.2 trillion won this year, an increase of 8% over the same period last year, aiming to meet the sales of major products such as cylindrical batteries by meeting the demand for electric vehicle production capacity of cooperative car companies to increase sales.

Yicai comments: In order to cope with the rising trend of raw materials, in addition to consolidating the cooperative relationship with suppliers, LG New Energy will also sign long-term supply contracts with major raw material suppliers such as lithium, nickel and cobalt and expand strategic shareholding investment to ensure stable supply while improving the competitiveness of price products. The coverage of LG's new energy linkage mechanism will add copper, aluminum and manganese to the existing lithium, nickel and cobalt. In addition, LG New Energy plans to fully transform all production bases around the world into smart factories. Data-based decision-making and automatic calibration are made in all plant operations, ultimately reducing manufacturing costs and enhancing manufacturing competitiveness.