"Investor's Network" Zhang Wei
A serious traffic accident has caused the new car-making force Cialis (601127. SH) quickly appeared on the hot search.
On April 27, a netizen with the online name "Three Mumu" posted on multiple social media that the Wenjie M7 driven by his younger brother caught fire after colliding with the sprinkler truck in front of him on the overtaking lane when he was driving at high speed in the Xia County section of Yuncheng City, Shanxi Province, causing three people on the car to be killed. This matter quickly aroused social concern.
Asked the community to respond urgently
According to public information, the AITO M7 is a high-end smart car brand model under Sailis, with extended-range power, with a total of five models in five and six versions (the new M7 will be increased to seven in 2024), with a starting price of 249,800 to 329,800 yuan.
On September 12, 2023, the new M7 was officially released and deliveries began. Search for Wenjie M7 in Baidu, and the promotional page that pops up directly, you can also see the words "Wenjie New M7 Great Wisdom, Large Space, Super Safety", "Hongmeng Zhixing Official", "Versatile Comfortable Large Cockpit, Full-dimensional Ultra-long Body" and so on.
"Three Mumu" said in an interview with Zhengguan News (sponsored by Zhengzhou Newspaper Group) that the accident occurred at about 4 pm on April 26, when she was not at the scene, and it was already 8 pm when she saw the family members of the victims, and the videos at the scene of the accident were taken by netizens.
The "three Mumu" raised a series of questions, including whether the maintenance vehicle occupied the fast lane, whether there were road warning signs at that time, and whether the maintenance personnel had the ability to rescue in time, and demanded that they be held accountable. "I just want the truth".
(Image source: Screenshot of Douyin of "Three Mu Mu")
At noon on April 28, AITO Automobile responded through its official Weibo: At around 16:34 on April 26, a Wenjie M7.Plus had a serious traffic accident in Yuncheng, Shanxi, and it was deeply saddened by the casualties in the accident.
AITO Automobile said that according to the national platform data access management regulations, it was learned that the vehicle was operating at a speed of 115km/h when the accident occurred, the airbag was opened normally, and the characteristics of the power battery pack were normal. The specific investigation results are subject to the follow-up report of the traffic police department.
(Image source: Cialis official Weibo)
Subsequently, the official Weibo of Sailis Automobile reposted the Weibo of AITO Motor, saying, "We are deeply saddened by the accident and express our deep condolences to the victims. We are actively cooperating with the local traffic police department to carry out the accident investigation, providing all necessary data to restore the cause of the accident, and providing all possible support to the family.
ADAS version of "Rashomon"
At present, the traffic department of Xia County, Yuncheng City, Shanxi Province, has not issued a notice on the investigation results of this traffic accident. The focus of public opinion is also more focused on the accident car itself.
The video of "Three Mumu" revealed that the vehicle driven by his younger brother was a new car that was only 3 months old and bought at the Yuncheng 4S store on January 14, 2024. "Three Mu Mu" questioned, asking the world M7 to advertise AEB automatic emergency braking, GAEB special-shaped obstacle automatic emergency braking, flame retardant materials and thermal runaway protection technology impact and other effects, "but at the time of the accident, where did these functions play? Where did the airbags go?"
It is understood that AEB is an automotive active safety technology. Its core function is to warn the driver through sound, image, etc., when it detects a collision hazard in front of the vehicle, and reminds the driver to take measures to avoid a collision. If the driver does not react in time, or if the system judges that the risk of a collision is extremely high, the AEB system automatically activates the braking function to avoid or mitigate the collision.
Some car bloggers pointed out that AEB is mainly responsible for identifying and applying emergency braking to common obstacles such as pedestrians, vehicles and bicycles to protect the safety of drivers and the surrounding environment; GAEB is a high-end version similar to AEB, which can identify and apply emergency braking to non-whitelisted special-shaped obstacles under certain conditions.
However, some netizens pointed out according to the live videos and pictures that the Wenjie M7 Plus driven by the younger brother of "Three Mu Mu" belongs to the entry model of the Wenjie M7, which is commonly known as the "mentally retarded version". According to the information provided by the family members of the parties, the accident vehicle was purchased at a price of about 250,000 yuan.
According to the data of the automobile professional website Yiche, the M7 (2024 model) currently has seven models: rear-wheel drive Plus five-seater, rear-wheel drive Plus six-seater, rear-wheel drive Max five-seater, rear-wheel drive Max six-seater, four-wheel drive Plus five-seater, four-wheel drive Max five-seater, and four-wheel drive Max six-seater. And only the guide price of the rear-wheel drive Plus five-seater is less than 250,000 yuan.
(Image source: BitAuto)
In this regard, some netizens judged that the model should be the M7 Plus rear-wheel drive version (large five-seater), which does not support Huawei's high-end intelligent driving, no lidar, no GAEB, and no high-speed intelligent driving navigation assistance (Highway NCA).
At noon on April 28, AITO said in an announcement that the model involved in the incident was an entry-level non-intelligent driving version, which was not equipped with Huawei's high-end intelligent driving assistance system, but used the Bosch solution.
According to public information, Bosch is the world's largest supplier of automotive technology, engaged in automotive and intelligent transportation technology, industrial technology, consumer goods and energy and building technology industries, and is known for its innovative and cutting-edge products and system solutions.
AITO said that the working range of the Bosch AEB scheme is 4-85km/h, and the speed of 115km/h at the time of collision has far exceeded the trigger range of Bosch AEB; the characteristics of the power battery pack of the accident car are normal, which means that there is no spontaneous combustion of the battery, and the specific cause of the fire still needs to wait for the investigation results of the traffic police department; at the time of the accident, the airbag of the accident car was opened normally, and there was no situation where the airbag did not work.
However, Bosch subsequently issued a "Statement on the Traffic Accident in Yuncheng, Shanxi", stating that Bosch was concerned about the recent traffic accident in Yuncheng, Shanxi, and after investigation, the vehicle involved was not equipped with the Bosch Intelligent Driving System (including AEB). Bosch is deeply saddened by the casualties caused by the accident and expresses its deep condolences to the victims.
(Image source: Bosch China)
So what kind of system is this Wenjie M7 equipped with? For a while, netizens were puzzled.
At the same time, a big V certified as an "AutoLab evaluation officer" said that Autolab exclusively learned that the M7 Plus (that is, the M7 mentally disabled version that everyone said) in the Shanxi Yuncheng accident was equipped with a complete set of ADAS solutions not from Bosch, but from FreeTech, both of which are equipped with M7 and belong to AB.
The ADAS mentioned by the big V, also known as the advanced driver assistance system, is the use of millimeter-wave radar, monocular cameras and other sensors installed on the car to sense the surrounding environment at any time during the driving of the car, collect data, and carry out system calculation and analysis, so that the driver can perceive the possible danger in advance, effectively increasing the comfort and safety of car driving. ADAS also includes the aforementioned AEB and GAEB.
Regarding AB supply, some practitioners in the automobile industry chain said that simply put, it is based on the configuration of the same model, and the different material suppliers selected.
At present, this post of "AutoLab Evaluator" is nowhere to be seen. Shortly after the "AutoLab Evaluator" released the news about "AB Supply" at 17:24 on April 28th, at 18:37 on April 28th, the "AutoLab Evaluator" posted a Weibo video with the content of "250,000 of the strongest high-end intelligent driving, asking the world M5 to be the first to experience static experience".
(Image source: "AutoLab Evaluator" Weibo screenshot)
According to the company's official website, FreeTech is a developer of assisted driving solutions, and the company is committed to providing dynamic object recognition, road detection and vehicle tracking, map data analysis and other assisted driving-related technical solutions for related enterprises.
At present, the "Partner" column of the official website of Foretek has not been opened, and there is no way to know whether its partner has Cialis. Regarding the ADAS system of the M7, whether there is an AB supply and this matter is becoming more and more confusing. More truths, as time progresses, I believe there will be a day when the truth will come out.
It's just that for this matter, some netizens said that the original safety product suppliers of the same model may also be different, with Foretek for less money and Huawei for more money. However, some netizens believe that AB supply is very common in the automobile supporting industry, "after all, you get what you pay for".
Performance in 2023 is under pressure
In addition to the seriousness of the accident itself, the reason why the M7 vehicle accident of Cialis has attracted great attention from the society is also related to the high-profile appearance of Cialis at the Beijing Auto Show.
According to "People's Daily Online", on April 25, Sailis Automobile appeared at the 2024 (18th) Beijing International Automobile Exhibition. Zhang Xinghai, Chairman of Ceris Group, said that the development logic of Ceris follows the principle of "two focuses and one cooperation" - "user-centric and wholeheartedly serving users", focusing on software-defined vehicles, and fully cooperating with Huawei in cross-border automotive business for joint design and marketing.
Zhang Xinghai also mentioned, "We will continue to deepen and further explore comprehensive cooperation with Huawei in cross-border automotive business, strengthen cooperation with ecological partners such as user centers and supply chains, work together to provide users with the ultimate experience of the whole life cycle, and jointly explore the Chinese solution of the automotive industry and the practice of Celis Question, so that more Chinese can drive Chinese-made luxury cars." ”
During the Beijing Auto Show, He Hao, President of Celis Automotive Platform Technology, also said in an interview with the media that the biggest essential difference between our security and the industry is that we are designed and developed based on the user's security scenario, and have independently developed a full-scene intelligent security system.
He Hao believes that in the past, the traditional safety development system was more aimed at how many points I wanted to take the test, and how many points I might get in five stars, but our current development concept is not to consider a score at all, we are to focus on the user's full-scene security scene, to carry out scenario-based design, and bring users a "good to drive, easy to use, and super safe" car experience.
However, the day after the chairman and senior executives expressed their ambitions, something happened to M7. In this accident, the safety protection of passengers by the vehicle is of particular concern. In fact, throughout its development, Cialis has faced a lot of doubts along the way.
Wind information shows that the predecessor of Cialis was Yu'an Group, and in 1986, Chongqing Baxian Phoenix Electric Spring Factory, the predecessor of Yu'an Group, was established. In 2023, Yu'an Group will establish a joint venture with Dongfeng Company to establish Dongfeng Yu'an Vehicle Co., Ltd. and begin to enter the automobile industry. In 2007, Chongqing Xiaokang Automobile Group was established on the basis of Dongfeng Yu'an Vehicle Co., Ltd.
In June 2016, Chongqing Xiaokang Automobile Group was listed on the A-share market, becoming the third A-share listed vehicle company in Chongqing, and its securities are referred to as Xiaokang shares. In July 2022, Xiaokang Co., Ltd. changed its name to Cialis.
At present, Sailis has developed into a high-tech manufacturing group with new energy vehicles as its core business, and its business involves the R&D, manufacturing, sales and service of new energy vehicles and core electric vehicles (battery, electric drive, electronic control), traditional vehicles and core component assemblies.
According to the production and sales report released on April 1, in the first quarter of this year, the cumulative sales of new energy vehicles of Cialis were 94,825, a year-on-year increase of 374.77%. In terms of a single month, in March this year, a total of 31,727 vehicles were delivered across the entire Wenjie series, winning the sales championship of China's new power brands for three consecutive months.
Among them, 24,598 units of the new M7 were delivered in March, with a total of more than 120,000 units on the market, and 6,243 units of the M9 were delivered in March, ranking first in the sales of models of more than 500,000 yuan in China's new forces, and sitting firmly in the first-line camp with traditional luxury cars BBA and Tesla.
However, Cialis, which has a strong sales momentum, is still working hard to "turn around losses".
According to the announcement on January 24, Cialis expects to achieve operating income of 35.5 billion yuan to 36.5 billion yuan in 2023, and a net profit attributable to the parent company of 2.1 billion yuan to 2.7 billion yuan. In the past three years, Thalys has suffered consecutive losses, with a total loss of 7.385 billion yuan from 2020 to 2022. In the performance forecast, Cialis said that in the fourth quarter of 2023, the net profit attributable to the parent company is expected to turn positive to 194 million yuan, achieving a single-quarter profit.
Some analysts pointed out that the sharp increase in revenue in the fourth quarter of 2023 was mainly due to the significant increase in the delivery of the new M7 in Wenjie. The new M7 has quickly become a hit since its launch on September 12, 2023, and the market believes that the new M7 may become a "booster" for Cialis to achieve positive profitability in 2024. However, it remains to be seen whether the Shanxi Yuncheng car accident will affect the sales of the new M7 and other series of Wenjie. (Produced by Thinking Finance)■