Domestic news
The 2024 Beijing International Auto Show opened
On April 25, the 2024 (18th) Beijing International Automobile Exhibition kicked off at the Beijing New International Exhibition. The exhibition, with the theme of "New Era, New Automobiles", brought together well-known vehicle companies from home and abroad, and many new cars made their debut.
Unmanned aerial vehicle transportation was selected for the first time as a pilot project of intelligent transportation of the Ministry of Transport, and the Ministry of Transport recently announced the second batch of pilot projects for intelligent transportation pilot applications (autonomous driving and intelligent construction), and 32 projects were selected for the second batch of pilot projects for intelligent transportation pilot applications. Among them, the "Jiaxing Urban and Rural UAV Transportation and Urban Travel and Logistics Service Autonomous Driving Pilot Application Pilot" project was selected, which is the first time that the UAV project has been selected as a pilot project for intelligent transportation pilot application. The pilot content of the project involves a number of unmanned aerial vehicles (UAVs) / "road-air integration": 20 unmanned aerial vehicles (UAVs) have been invested in major medical institutions and township health centers in Jiaxing City, and no less than 6,000 deliveries have been completed; a "road-air integration" command and control center has been built to realize integrated management service functions such as autonomous driving, unmanned delivery, and drone delivery, and 5 standards have been compiled around the "road-air integration" scenario.
In the first quarter, the growth momentum of the automobile industry in Henan Province was strong
In the first quarter, the automobile industry in Henan Province continued the rapid growth momentum since last year, with both production and sales booming, the added value of automobiles and parts increased by 52.6%, the output of new energy vehicles and charging piles increased by 51.1% and 36.5% respectively, and the retail sales of new energy vehicles above designated size increased by 25.9%.
Passenger Car Association: Retail sales of 852,000 passenger cars from April 1 to 21, down 12% year-on-year
According to the data of the Passenger Association, from April 1 to 21, the passenger car market retailed 852,000 units, down 12% year-on-year and 2% from the same period last month, and the cumulative retail sales this year were 5.684 million units, a year-on-year increase of 9%;
International News
Tesla's first-quarter revenue earnings were worse than expected
On April 23, Tesla released its financial report for the first quarter of 2024. Despite quarterly adjusted EPS of 45 cents per share, below expectations of 52 cents, revenue of $21.3 billion also below expectations of $22.3 billion, and maintaining guidance for "significantly lower" vehicle production/delivery growth in 2024, the company said it would accelerate the introduction of cheaper affordable models, and shares surged 8% in after-hours trading. Tesla CEO Elon Musk said that production of lower-priced models will begin in early 2025, if not later this year.
Fuel pump may malfunction, Hyundai recalled 31,440 vehicles in the United States
Hyundai Motor America is recalling some of the 2022-2023 model year Genesis GV70, GV80, G80 and G90 vehicles, totaling 31,440 vehicles, according to the National Highway Traffic Safety Administration (NHTSA). A vehicle's fuel pump can malfunction, resulting in a loss of drive power.
Corporate News
Great Wall Motor: net profit in the first quarter was 3.23 billion yuan, a year-on-year increase of more than 17 times
On April 24, Great Wall Motor released its first quarterly report, with total operating income of 42.86 billion yuan in the first quarter of 2024, a year-on-year increase of 47.60%, and net profit attributable to shareholders of listed companies of 3.23 billion yuan, a year-on-year increase of 1752.55%. Basic earnings per share was 0.38 yuan. During the reporting period, the company's sales scale increased and the sales structure was optimized, which drove the performance indicators such as operating income and net profit attributable to shareholders of listed companies to achieve a significant increase compared with the same period last year.
The first major OTA upgrade plan for Xiaomi Auto will be announced soon
Xiaomi Auto began to push some function optimizations to users on April 24, including the following: fix the problem that the AC charging system cannot be unlocked through the charging gun button after the protection mechanism is occasionally unlocked, optimize the charging logic to improve the charging compatibility of third-party brand charging piles, and fix the occasional failure of the door opening and noise reduction function. This is a small optimized version, the first major version upgrade of the Xiaomi SU7 after its launch, and the OTA plan will be announced at the Beijing Auto Show on April 25.
Jin Yuzhi of Huawei Car BU: Huawei's new brand Qiankun will start its first year of commercial use this year
On April 24, Jin Yuzhi, CEO of Huawei's intelligent vehicle solution BU, said that Huawei's new intelligent driving brand Qiankun will start its first year of commercial use this year, and its partners include VOYAH, Mengshi, Deep Blue, AVATAR, GAC Trumpchi, Jihu, Xiangjie, Wenjie, Zhijie, and Huawei's smart car brand in cooperation with JAC. This year, more than 10 strategic cooperation models equipped with Huawei's Qiankun ADS will be launched, and it is expected that more than 500,000 vehicles will be equipped with Huawei's intelligent driving.
FAW Jiefang: The autonomous driving products jointly developed with Huawei are expected to be mass-produced by the end of 2025
On April 24, FAW Jiefang said on the interactive platform that it would carry out multi-level long-term cooperation with Huawei. Relying on FAW Jiefang's vehicle R&D capabilities and technical reserves, combined with the core components independently developed by the other party in the field of intelligent vehicles, as well as advanced vehicle-end autonomous driving algorithms and leading vehicle-cloud collaboration technology, the two parties will establish an overall solution for intelligent driving, jointly create competitive intelligent driving products and promote their implementation. The autonomous driving products cooperated by the company are used in L4 low-speed scenarios, and the product development is in the conceptual design stage, and it is expected to be mass-produced by the end of 2025.
Tesla was exposed to cancel all offers of fresh graduates in China
Tesla Inc. recently laid off more than 10% of its workforce worldwide. At the same time, Tesla was revealed to have canceled all offers (admission notices) for fresh graduates in China. Netizens who were broken by Tesla posted on social platforms that when the spring recruitment was about to end, they suddenly received a notice from Tesla to withdraw their employment, and Tesla provided a unified monthly salary compensation, but it is very difficult to find a job at this point in time, and it will be even more difficult to find a job once the spring recruitment fails and loses the identity of a fresh graduate.
The new M5 has been on the market for 24 hours, with a total of 4,031 units
On April 24, Hongmeng Zhixing released data showing that the new M5 was launched in 24 hours, with a total of 4,031 vehicles. On April 23, the new Wenjie M5 was launched, and the new car still has two versions of extended range and pure electric, with extended range models of 249,800-279,800 yuan and pure electric models of 269,800 yuan, mainly in the configuration and design details of further upgrades, which will be delivered in batches from May 15.
Horizon Releases Journey 6 Series ChipsOn April 24, Horizon Robotics released Journey 6 series chips, including 6 chips, supporting low, medium, and high-end intelligent driving applications. The Journey 6 series chips achieve highly integrated "four-in-one", and a single chip supports full-stack computing tasks for intelligent driving, greatly improving the cost performance of the system. Among them, the Journey 6B chip cooperated with Sony to develop the world's first 17 million pixel high-performance forward-looking perception solution, with a maximum detection distance of 450 meters, the Journey 6E/M chip, with a computing power of 80TOPS and 128TOPS respectively, for high-speed NOA and inclusive city NOA, and the Journey 6P chip is suitable for full-scene intelligent driving, with a computing power of 560TOPS.
Linglong Tire: The net profit attributable to the parent company in 2023 will be 1.391 billion yuan, a year-on-year increase of 376.88%
On April 24, Linglong Tire released its 2023 annual report, with a net profit attributable to the parent company of 1.391 billion yuan in 2023, a year-on-year increase of 376.88%. The company announced on the same day that in the first quarter of 2024, it achieved an operating income of 5.045 billion yuan, a year-on-year increase of 15.04%, and a net profit of 441 million yuan, a year-on-year increase of 106.32%, mainly due to the increase in sales volume and the increase in operating gross profit due to the increase in the company's capacity utilization rate.
Text: Hao Wenli Editor/Layout: Liu Xiaoye
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