Domestic news
On April 18, the State Council Information Office introduced at a press conference on the development of industry and information technology in the first quarter of 2024 that the added value of industrial enterprises above designated size increased by 6.1% year-on-year in the first quarter of this year, an increase of 1.5 percentage points over last year. The growth of key industries such as automobiles has played a significant driving role.
Ministry of Industry and Information Technology: Actively cultivate high-tech enterprises in the field of low-altitude economy On April 18, Shan Zhongde, vice minister of the Ministry of Industry and Information Technology, said that the next step will be to accelerate the creation of a new engine for low-altitude economic growth. Focus on strengthening work in four aspects: First, speed up equipment innovation. The second is to strengthen the application traction. The third is to enhance technological penetration. Fourth, strengthen standard support. Accelerate the establishment of an industrial standard system that runs through the whole life cycle of low-altitude equipment R&D and design, manufacturing, test verification, and operation support, and work with relevant departments to promote the construction of a third-party testing and certification system.
Shenzhen's new energy vehicle charging volume increased by more than 10% in the first quarter Recently, it was reported that the charging volume of new energy vehicles in Shenzhen reached 670 million kilowatt hours in the first quarter, a year-on-year increase of 10.9%, which is equivalent to more than 12 million electric vehicles with a battery capacity of 50 kilowatt hours fully charged. This also reflects the positive improvement of Shenzhen's new energy vehicle market and the effective operation of charging infrastructure. At present, 336 supercharging stations have been put into operation in Shenzhen, and the Shenzhen Power Supply Bureau of China Southern Power Grid ensures the safe and stable operation of the power grid when the supercharging stations are connected on a large scale in terms of power grid scheduling, distribution network planning, and user installation.
Suzhou: The highest reward for obtaining the eVTOL model certificate is 10 million yuanOn April 18, Suzhou held a low-altitude economic development promotion conference. According to reports, the "Several Measures to Support the High-quality Development of Low-altitude Economy in Suzhou (Trial)" has been issued recently. The measures are proposed to support the settlement of major projects and the increase of capital and production. The introduction of industrial projects that have an overall driving and major leading role in the development of Suzhou's low-altitude economic industry, and the newly introduced high-quality projects or major capital increase and expansion projects of settled enterprises will be rewarded with a maximum of 30 million yuan according to the comprehensive development situation. After obtaining the type certificate and production license for manned electric vertical take-off and landing (eVTOL) aircraft and unmanned aerial vehicles issued by the Civil Aviation Administration of China, a one-time reward of up to 10 million yuan will be given in stages. Each enterprise will be rewarded no more than 30 million yuan per year.
China Automobile Association: The average daily trading volume of used cars last week was 67,600, an increase of 0.40% month-on-month According to the news of the China Automobile Association on April 18, in the second week of April 2024, the average daily trading volume of second-hand cars was 67,600, an increase of 0.40% from the previous week, and the transaction scale continued to run at a high level. Calculated on a comparable basis, from April 1 to 14, 2024, the transaction volume of used cars was 810,000 units, because of the Qingming holiday, the effective working day was one day less than the same period in March, so although the average daily transaction volume has continued to be high since April, the overall transaction scale has decreased by 1.3% compared with the same period. International News
Ford chairman says U.S. auto industry is "hit" by politicians
On April 17, local time, Ford Motor Company executives said that the U.S. auto industry needs regulatory certainty from politicians in Washington, and although the change of ownership of the White House will not bring benefits, the penetration rate of electric vehicles will continue to grow. Speaking at a Detroit Free Press event outside Detroit, Chairman Bill Ford said that the growth rate of electric vehicle sales has slowed, but it is rapidly gaining popularity around the world. While Ford has invested heavily in gasoline-powered and hybrid electric vehicles, Ford will also follow electrification.
U.S. electric vehicle manufacturer Rivian lays off 1% of its workforce On April 17, local time, U.S. electric vehicle manufacturer Rivian said it would lay off 1% of its employees in order to achieve a positive gross profit margin. Previously, the company had laid off employees in February.
Tata Motors may produce Jaguar Land Rover cars at a new $1 billion plant in Tamil Nadu, India, on April 18, people familiar with the matter said that India's Tata Motors plans to produce Jaguar Land Rover cars at a new $1 billion plant scheduled to be built in the country's Tamil Nadu. Tata Motors previously announced plans to invest in a new plant in Tamil Nadu in March, but did not disclose details such as the models it will produce.
Musk will announce an investment of $2 billion to $3 billion to build a new factory in India next week On April 17, local time, according to media reports, two people familiar with the matter said that Tesla CEO Musk will announce an investment of $2 billion to $3 billion in India when he visits India next week, mainly for the construction of new factories. Previously, Musk confirmed on the social platform X that he will visit India and meet with Indian Prime Minister Narendra Modi.
ITOCHU Corporation and others will acquire BigMotor for 60 billion yenOn April 17, ITOCHU Corporation and J-Will Partners will acquire used car sales giant BigMotor for about 60 billion yen, and plan to establish a new company on May 1 to take over about 250 stores and thousands of employees. Corporate News
FAW joins hands with DJI to develop intelligent driving
On April 18, China FAW and DJI Automotive held a signing ceremony for strategic cooperation in intelligent driving. It is reported that DJI's automotive system is a new Tier1 (first-tier supplier of car manufacturers) for intelligent driving "service + supply". DJI Automotive has already cooperated with many car companies, and it is expected that by the end of 2024, more than 20 models will be equipped with DJI's intelligent driving system.
On April 18, Lin Changbo, general manager of Dongfeng Liuzhou Automobile Co., Ltd., said at the Dongfeng Fengxing brand night that Dongfeng Fengxing officially proposed the "photosynthetic future" plan in November 2022 and opened a comprehensive layout of the new energy track. The company plans to achieve 100% electrification within three years and stop producing gasoline-powered vehicles in China within five years. "But in 2024, we have already achieved 100% electrification of our products, which is a year ahead of schedule. Lin Changbo said.
Huawei's car BU actively contacts state-owned automobile groups The outside world speculates that it is the photos of the "secret meeting" of GAC Trumpchi Huawei and GAC executives recently exposed, and the GAC trip was led by Chi Linchun, president of Huawei's intelligent car solution BU Marketing and Sales Service Department, and Hu Runze, chief expert. Feng Xingya, general manager of GAC Group, Huang Yongqiang, general manager of GAC Passenger Vehicle, and core technical backbones are all listed. It is widely speculated that Huawei's cooperation project GAC is landed by GAC Trumpchi, and GAC and Huawei are very likely to reach a blockbuster cooperation, or the official announcement of the Beijing Auto Show that will open next week.
Lei Jun said that the compatibility of Xiaomi SU7 tripartite charging piles reached more than 99% On April 18, Lei Jun issued a document saying that the Xiaomi SU7 charging test covers more than 99% of charging operators across the country, and a total of more than 2000 different models of charging piles have been tested, totaling 18900. The compatibility of the three-party charging pile reaches more than 99%.
SAIC-GM Auto Energy Joins NIO Energy Supplement Cooperation Network On the 18th, SAIC-GM announced that it will increase its cooperation with NIO charging public piles from now on, and more than 10,000 NIO charging terminals will join SAIC-GM Auto Energy Supplement Cooperation Network. Users of new energy vehicles under the Cadillac and Buick brands of SAIC-GM can view the location and price of NIO charging piles in real time through the charging map function of the corresponding brand app.
TSMC's net profit in the first quarter was NT$225.5 billion, a year-on-year increase of 9% On April 18, TSMC's net profit in the first quarter was NT$225.5 billion, a year-on-year increase of 9%, estimated at NT$214.91 billion, sales in the first quarter were NT$592.64 billion, a year-on-year increase of 17%, and an estimated NT$583.46 billion, and an operating profit of NT$249.02 billion in the first quarter, an increase of 7.7% year-on-year , estimated at NT$240.87 billion, with a gross profit margin of 53.1% in the first quarter and an estimated 53%.
Text: Zhao Jianguo Editor/Layout: Wang Kun
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