Better control: strength is consistent with image.

　　　 Since it is a coupe SUV, the dynamic performance of the vehicle should naturally be emphasized. Our test drive model is 2.5L automatic four-wheel drive version, and the power system is our familiar Chuangchi Blue Sky Series 2.5L engine and 6-speed automatic manual transmission. Needless to say, the performance of this power system has been well received on CX-5 and Artz before.

　　　 The most fascinating thing about this power system is the good feedback it gives you. The response speed of the throttle is very fast, and the power output is very linear. How much throttle is stepped on and how much power is output is completely under control. However, compared with good feedback, the power at full throttle is still slightly insufficient, and it is difficult to compete with turbocharged models.

Recently, old photos about Dylan and Esther Yu have once again become the focus of hot discussion among netizens. In these photos, the two sometimes took photos together, sometimes holding hands and interacting closely, which triggered netizens to dig deeper into their early scandals.

Some netizens exposed a group of old photos of Dylan and Esther Yu on social media, which were allegedly taken at a party a few years ago. In the photo, they are wearing fashionable clothes, smiling brightly and interacting closely. Some photos show that the two men hugged each other tightly when taking a group photo, and even photos show that they are suspected of kissing. Once these photos were exposed, they immediately attracted the attention and heated discussion of netizens.

Some netizens think that these old photos imply that Dylan and Esther Yu had been in contact long before their love affair was exposed, but they have never publicly acknowledged it. Netizens have speculated about the old gossip of the star couple, wondering whether they have ever kept a secret relationship. For a time, there was a hot discussion about their early feelings on the Internet.

However, some netizens questioned these old photos. They think that this is just an ordinary friend interaction, which does not necessarily mean that the two have had a relationship. Some people think that this is just an ordinary party. Dylan and Esther Yu may just have a close interaction on the spot, but it doesn’t necessarily mean that they have had a relationship.

So far, Dylan and Esther Yu have not responded to these old photos. However, this series of events has once again aroused the attention and discussion of the entertainment circle and fans, and netizens are full of curiosity and concern about their early feelings and relationships.

Generally speaking, the exposure of old photos of Dylan and Esther Yu once again triggered speculation and discussion among netizens about their early scandals. No matter what their past, I hope they can be happy in their relationship and find a balance between their career and their feelings. Everyone is also looking forward to their future development and performance.

Editor in charge:

　　Wuliangye

　　()-deepening reform, value first.

　　Value first, () quite a price is imperative. From 1218, 2023 to the present, a series of price-fixing combination punches such as reduction, price increase, goods control, and channel arrangement have gradually become clear: 1) The planned amount of dealer contracts in 2024 will be reduced by 20% on the basis of 2023; 2) From February 5, 2024, the ex-factory price of Puwu increased by 50 yuan, from 969 yuan to 1019 yuan; 3) After the Spring Festival in 2024, the company suspended delivery, mainly to digest channel inventory; 4) Make efforts to organize channels and mobilize dealers to rectify low-priced goods in the market. Under this set of combination boxing, the market supply has shrunk obviously, the channel inventory is controlled at a relatively low level, and dealers generally have confidence and form strong support for the approval price. The upward trend of comprehensive goods acquisition cost may still have upward potential in the short term, and it is expected to straighten out the relationship between volume and price in the medium and long term and gradually get out of the dilemma of volume and price game.

　　Marketing reform has entered the deep water area, laying the foundation for price control. In the history of Wuliangye, relying on the big commercial system, it constantly attacked the city and gained the initial rapid growth, but at the same time it also left many disadvantages such as weak channel control, separation of production and marketing, brand dilution and so on. After 2017, we launched a second venture, carried out drastic reforms in the marketing system, and improved the marketing system construction through a series of measures such as flat organization, flat channels, terminal system construction, and digital marketing, which laid the foundation for the company to enter a stable and high-quality growth stage. Judging from the history of price increase, it is normal for Puwu to raise prices under the environment of upside-down price approval, and the trading means are becoming more accurate and steady. On the basis of continuous deepening of marketing reform, the price plate maintains an upward momentum, and it is expected to continue to witness Wuliangye enter a smoother positive cycle of quantity and price in the future.

　　The product system is constantly optimized, and there is still potential beyond the fifth year plan. Wuliangye has formed a product matrix of main brand "1+3" and series wine "4+4". We believe that Wuliangye’s collateral product strategy is becoming clearer and clearer, and it is expected to make up for the growth with relevant marketing measures: 1)1618 strives to become the first brand with a banquet at a price of 1,000 yuan, and low-grade Wuliangye conforms to the trend of low-grade, and both of them increase the fee and scan code rewards to enhance the channel thrust; 2) Brand promotion and consumer cultivation of classic Wuliangye will help enhance the brand value of Wuliangye; 3) Improve the product matrix, and introduce 45-degree and 68-degree products to make up for the differentiated demand; 4) Non-standard and Wenchuang wines further enrich the product system and accelerate the cultivation and construction of the aged wine market; 5) Series wines will continue to focus on the strategy of big single products, increase brand promotion and cultural marketing, and further promote the construction of classified and graded markets.

　　Investment suggestion: The company will maintain the double-digit revenue growth target in 2024, and inject a booster into the market in the environment of reducing the quantity of goods and controlling the short-term performance expectations. We believe that in addition to the "price first" in the General Five-Year Plan, the increase in quantity can still be achieved through multiple efforts of products and channels. With the deepening of marketing reform, the medium and long-term strength is expected to gradually form. Optimistic about the stability of the company’s short-term performance and the growth certainty under the optimization of the long-term volume-price relationship. At present, the company’s valuation is at a relatively low level in history, superimposed with the characteristics of high dividends and high dividend yield, and the allocation value is prominent. It is estimated that the company will realize a net profit of 337.2/377.9/42.13 billion yuan in 2024-2026, up by 11.6%/12.1%/11.5% year-on-year; The corresponding PE is 17.3/15.4/13.8 times. Maintain "overweight" rating.

　　Risk warning: the repair of consumption scenes is less than expected; Food safety risks; The price increase was less than expected.

　　Poly development

　　Haitong Securities-Comments on the company’s quarterly report: The drop in carry-over affects profits, and the sales scale keeps leading the industry.

　　Carry-over and declining equity ratio affect profits. In the first quarter of 2024, the company achieved operating income of 49.748 billion yuan, up+24.51% year-on-year; The net profit was 3.983 billion yuan, up +0.44% year-on-year, and the net profit attributable to the mother was 2.224 billion yuan, down -18.28% year-on-year. The main reason for the decline was the gross profit margin carried forward by the project and the decline in equity ratio. On the other hand, the company continued to pay close attention to the return of sales funds, achieving a sales return of 57.651 billion yuan in the first quarter, with a comprehensive return rate of 91.53%; The balance of monetary funds at the end of the period was 129.554 billion yuan. By the end of the first quarter of 2024, the company’s total assets were 1,424.356 billion yuan, which was -0.87% compared with the end of 2023. The net assets attributable to shareholders of listed companies were 200.030 billion yuan, which was +0.75% compared with the end of 2023. The asset-liability ratio was 75.88%, down 0.66 percentage points from the end of 2023. The high base affects the year-on-year decline in sales, and the scale remains the industry leader. In the first quarter of 2024, the contracted amount of the company was 62.984 billion yuan, up -44.81% year-on-year, and the contracted area was 3,668,700 square meters, up -41.84% year-on-year. We think it was mainly influenced by the high base in the same period in 2023. According to the monthly sales list of top 100 real estate enterprises published by Kerui, the company’s full-caliber sales amount from January to March 2024 was 62.90 billion yuan, which continued to be the first in the industry; The sales amount of equity caliber is 47.80 billion yuan, ranking second in the industry.With the main tone of the continuous easing of real estate policies set by the two sessions and the Political Bureau meeting unchanged, restrictive policies such as purchase restriction and price restriction in first-tier cities are expected to be fully adjusted, and the overlapping real estate financing coordination mechanism and the "old-for-new" policy support the replacement and improvement of demand. We believe that industry sales are expected to pick up, and we will continue to be optimistic about the company’s sales scale and maintain its leading position in the industry. Maintain the strength of investment and focus 100% on the core 38 cities. In the first quarter of 2024, the company expanded four new real estate projects, with a new floor area ratio of 590,000 square meters and a total acquisition cost of 5 billion yuan, all located in 38 core cities; The newly started area is 2.83 million square meters, up+42.9% year-on-year; The completed area was 5.42 million square meters, up +5.0% year-on-year. By the end of the first quarter of 2024, the company had 635 projects under construction, with an area of 81.5 million square meters under construction and an area of 57.58 million square meters to be developed. Investment suggestion: maintain the "better than the market" rating. Considering that the company’s various businesses are solid and steady, actively promoting the repurchase of major shareholders and increasing the cash dividend ratio, which reflects shareholders’ confidence in the company’s future development and recognition of long-term investment value, we give the company an EPS of 1.07 yuan in 2024, 10-12 times PE valuation, corresponding to a market value range of 128-153.6 billion yuan and a reasonable value range of 10.69-12.83 yuan per share. Risk warning: the market repair is less than expected. Risk warning: the market repair is less than expected.

　　Zhongwei company

　　Changjiang securities ——2024Q1 Comments: The competitiveness of etching equipment is outstanding, and the development of thin film equipment has achieved results.

　　Event description

　　In Q1, 2024, the company realized operating income of 1.605 billion yuan, with a year-on-year increase of +31.23%, net profit attributable to the mother of 249 million yuan, with a year-on-year decrease of -9.53%, and net profit attributable to non-mother of 263 million yuan, with a year-on-year increase of +15.40%.

　　Event review

　　The growth of etching equipment sales revenue drives the overall revenue growth. The company’s etching equipment has been continuously recognized by more customers at home and abroad, and the new shipment of high-end products aimed at the key etching process in advanced logic and memory device manufacturing has been significantly improved. In 2024Q1, the revenue of etching equipment was 1.335 billion yuan, up by about 64.05% year-on-year, and the revenue proportion of etching equipment increased from 66.55% in the same period of last year to 83.20% in this period. The MOCVD equipment was affected by the fluctuation of the terminal market. In 2024 Q1, the revenue of MOCVD equipment was about 38 million yuan, down by 77.28% year-on-year. Due to the fluctuation of capacity utilization rate of downstream customers of semiconductors, the income from spare parts and services in this period was about 232 million yuan, down by about 4.38% compared with the same period of last year.

　　Non-recurring profit and loss losses are mainly affected by changes in the value of stocks held. The non-recurring profit and loss in Q1 of 2024Q1 was RMB 14 million, which was about RMB 61 million lower than the profit of RMB 48 million in the same period of last year. The changes in non-recurring gains and losses are mainly as follows: (1) Due to the decline in the stock price in the secondary market in 2024Q1, the fair value of equity investment measured at fair value held by the company decreased by about RMB 41 million in the current period; (2) The government subsidy income included in non-recurring gains and losses in this period is RMB 14 million, which is about RMB 23 million lower than RMB 37 million in the same period of last year.

　　The increase in inventory is caused by the increase in orders, production and raw materials purchased by the company. In addition, the increase in production machines and delivery machines to customers also led to the increase in the part of goods issued in the inventory balance. The above inventory changes are expected to support the company’s long-term growth. In 2024Q1, the company’s etching equipment output increased significantly. By the end of 2024Q1, the balance of goods issued by the company was 1.923 billion yuan, an increase of 1.055 billion yuan compared with the opening balance of 868 million yuan.

　　Etching equipment continues to invest in research and development, and its competitiveness is outstanding in advanced chip manufacturing. The company has invested in the research and development and verification of key etching equipment in advanced chip manufacturing technology. At present, a number of equipment for the most critical etching process in logic and memory chip manufacturing have been verified on customer production lines. The Bevel etching equipment for wafer edge has been developed and will be verified by customers soon. The company’s TSV silicon via etching equipment is also increasingly used in advanced packaging and MEMS device production.

　　Through self-research and investment to form a platform layout, the development of thin film equipment has achieved remarkable results. At present, the company has a variety of equipment products entering the market, some of which have received repeated orders, and other key film deposition equipment research and development projects are progressing smoothly. The company’s tungsten series thin film deposition products can cover all tungsten applications of memory devices, and have completed the verification of CVD/HAR/ALDW tungsten equipment by many logic and storage customers, and obtained customer orders. Recently, the company has planned a variety of CVD and ALD equipment to increase the coverage of thin-film equipment and further expand the market.

　　It is estimated that in 2024-2026, the company will realize a net profit of RMB 20.17/26.01/3.282 billion, corresponding to PE41/32/25 times, and maintain a "buy" rating.

　　Risk warning

　　1. Restrictive policies further aggravate risks;

　　2. The recovery of the prosperity of the semiconductor manufacturing end is less than the expected risk;

　　3. The verification progress of the company’s etching equipment and new process is not up to the expected risk.

　　BYD

　　Guojin Securities-Qin L/ Seal 06 DM-i released: the pricing greatly exceeded expectations, and the leading position was stable.

　　On the evening of May 28th, () held a press conference to officially release BYD DM-i5.0 technology and BYD Qin L/ Seal 06DM-i two new cars, and the pricing exceeded expectations:

　　1. DM-i5.0 technology: equipped with a 1.5L plug-in special engine, the power is 74kw, and the thermal efficiency is increased to 46.06%, and equipped with a plug-in special power blade battery, with an energy density of 115wh/kg and a charge of 10.08/15.87kwh respectively. NEDC consumes 2.9L/100km of electricity, CLTC consumes 10.7kwh/100km of electricity, accelerates 7.5s per 100 km, and has a battery life of 2,100 km with full oil and electricity, with the longest measured exceeding 2500km.

　　DM-i5.0 embodies the new trend of hybrid technology: compared with DM-i4.0, the new technology engine is further lightweight and the power is reduced, but the breakthrough of thermal efficiency is achieved by increasing the compression ratio; The peak torque decreases but the motor power increases; At the same time, the fuel tank capacity was increased from 48L to 65L.

　　2. New models: Among them, Qin L has a body size of 4830/1900/1495mm and a wheelbase of 2790mm, both higher than Qin PLUS；; Seal 06DM-i has a body size of 4770/1900/1660mm and a wheelbase of 2810mm. The pure battery life of the two new cars is 80-120km, and the pricing is 998-139800 yuan, which greatly exceeds expectations.

　　1. The company’s dominant position has become more and more stable. This new car pricing exceeded expectations, highlighting the company’s excellent cost control capabilities. At present, BYD has a strong performance in the low-end market. After the price reduction in February, the company’s pricing power was highlighted, and the sales volume in March/April exceeded 300,000 continuously.

　　We believe that the main competitors of the new car are Wuling Xingguang PHEV/ Changan Qiyuan A07/ Geely Yinhe L6, etc. Oil trucks are mainly Nissan Sylphy/Volkswagen LaVida/Toyota Corolla, etc. The new car pricing/size/space/intelligence is superior to the traditional oil car/tram competing products, which will become the next generation of explosions, further consolidating the company’s dominant position in the market segment.

　　2. The new car cycle leads the optimization of vehicle structure, and the gross profit is expected to continue to improve. Since February, Qin PLUS and other glory new cars have been listed. After the price reduction, the company has vacancies in some price bands. The listing of Qin L/ Seal 06DM-i has opened a new round of new car cycle in the low-end market, filling the original price range and leading the company to bicycle ASP and gross profit margin.

　　3. Looking forward to 24 years, the company will remain strong. 1) The company is in the new car cycle, and the appearance of Tengshi/Wangwang/Equation Leopard’s new car at Beijing Auto Show will drive the company to continuously hit the high-end market. With the improvement of scale effect & optimization of vehicle structure, the company’s net profit is expected to usher in an inflection point in Q2-Q3. 2) The company’s overseas performance is strong. In 24 years, it entered the Mexican market and continued to increase its volume in Thailand, Brazil, Israel and other countries. In 24 years, the export may exceed expectations. With the increase of vehicle supply & overseas factories put into production, it is expected to be mass-produced overseas in 26 years. At present, the electrification strength of overseas car companies is weak, and the company’s overseas market space is broad.

　　As a global leader in trams, BYD has experienced an upward product cycle in 24 years, accelerated overseas markets, and accumulated intelligence, with obvious cost advantages under the scale effect. Combined with the continuous promotion of the company’s new car cycle and sea strategy, we maintain the company’s forecast of net profit of 35.5.3/44.0.6/53.09 billion yuan in 24-26 years, corresponding to 18.1/14.6/12.1 times PE. Maintain the "buy" rating.

　　Competition in the industry has intensified, and the market demand is less than expected.

　　Dongfang electric cable

　　Guotai Junan-Full orders in hand, benefiting from the start of sea breeze.

　　Introduction to this report: the construction of sea breeze is gradually started, and the industry boom continues to rise. The company is full of orders in hand, optimistic about the company as a submarine cable leader, and continue to benefit from the high growth of sea breeze. Investment points: Maintain the "overweight" rating. Due to the delay of the sea breeze project in the wind power industry, the EPS forecast of the company in 2024-2025 was lowered to 1.93(-0.58) and 2.77(-0.52) yuan, and the EPS forecast in 2026 was increased by 3.40 yuan. At present, the sea breeze construction has been gradually started. Considering that the company has full orders in hand and obvious competitive advantages, it will give 22 times PE in 2025 and raise the company’s target price to 60.94(+6.72) yuan. Sea breeze construction started gradually, and the industry boom continued to rise. Recently, the public service platform of Jiangsu Province issued () the construction, construction and installation of wind turbines for Dafeng 850,000 kW offshore wind power project (Bid Ⅰ), the construction, construction and installation of wind turbines and the construction, construction and installation of substructure of offshore booster station (Bid Ⅱ), the construction, construction and installation of wind turbines (Bid Ⅲ). The start and completion time of this bidding plan are all ahead of schedule, which indicates that Jiangsu Haifeng construction has started gradually and the prosperity of Haifeng industry is expected to continue to rise. The order in hand is full, and the bid for the order is progressing smoothly. By April 25, 2024, the company had orders of 7.137 billion yuan, including 2.580 billion yuan for submarine cable system, 3.682 billion yuan for land cable system and 875 million yuan for ocean engineering.220kV and Shanghai cables and umbilicals account for nearly 30% of the total orders in hand. The company has further strengthened its strategic cooperation and market development in the fields of electric power construction, rail transit, offshore wind power, offshore oil and gas, etc., and won the bid for the bidding project of the main and distribution network material framework of China Southern Power Grid Corporation in 2023, with nearly 90 million cables for rail transit and 1.7 billion yuan for the land cable system. The EPC general contracting project of Huaneng Yuhuan No.2 offshore wind power project won the bid of about 328 million yuan, the 400MW offshore photovoltaic project of CGNPC Yantai Zhaoyuan was 89 million yuan, and the 1# offshore wind farm of Guodian Xiangshan was about 700 million yuan. Catalyst. Sea breeze project started and new production capacity was put into operation. Risk warning. Risks such as intensified competition in the industry and lower-level demand than expected.

　　Tuopu group

　　Open source securities-in-depth report of the company: high-quality customer structure, moving towards Tier0.5 platform supplier.

　　The company has been in the field of auto parts for 40 years, realizing the leap from single product leader to platform company.

　　"Increasing the value of bicycle accessories+expanding customers" is the core logic of the growth of platform companies. In terms of bicycle value, with the gradual mass production of thermal management, suspension, IBS, cockpit and other products, the company’s highest bicycle supporting value reached 30,000 yuan. On the customer side, the company and Tesla have steadily cooperated in products such as lightweight chassis, interior system and thermal management system, and expanded into the field of humanoid robot actuators. In addition, the company is deeply involved in the design and research of Geely and other automakers, and actively promotes the cooperation mode of Tier0.5. Based on the company’s annual report in 2023, combined with the judgment of the company’s production pace, we lowered the profit forecast for 2024 and 2025 and added the profit forecast for 2026. It is estimated that the net profit returned to the mother in 2024-2026 will be 3.030/39.54/4.924 billion yuan (the original value is 3.450/4.248 billion yuan), and the corresponding EPS will be 2.61/respectively. The current share price is 21.8/16.7/13.4 times of PE in 2024-2026, respectively. Based on the fact that the company is a leading platform supplier, it has maintained close business cooperation with automakers such as Tesla and () and maintained a "buy" rating.

　　Deepen the Tier0.5 cooperation model, and "Tesla+new domestic forces" continue to inject vitality into development.

　　The company implemented the "big customer" strategy to realize the transformation of the largest customer from SAIC-GM to Geely and then to Tesla, and the customer matrix continued to expand. The company is the core supplier of Tesla’s interior decoration, thermal management, lightweight chassis and other fields. In 2022, about 40% of its revenue will be contributed by Tesla. In addition to Tesla, the company also provides corresponding supporting facilities for Geely, BYD, Huawei and other independent brands. The company has cooperated with Geely for more than 10 years, supporting the extremely explosive model series, and growing together with the OEM. In terms of new forces, the company provides auxiliary frames, thermal management, chassis lightweight and other parts for the M5/M7/M9 series vehicles, and the demand for intelligent replacement of parts opens.

　　Chassis, thermal management to build growth momentum, force wire control, air suspension, robots, open the growth ceiling.

　　The company has a profound technical accumulation in the materials and technology of lightweight chassis, and has raised funds for three times to expand production and increase production capacity. Relying on the electronic control and precision manufacturing ability formed on the basis of IBS, the company has developed a thermal management system horizontally. The first generation products are supplied to Tesla in bulk, and the second generation products have been developed. The company simultaneously lays out One-Box and Two-Box products on the brake-by-wire system. Under the trend of intelligent driving, air suspension has gradually become the standard of high-end models. The company plans to invest 300 million yuan in the intelligent driving R&D center project, mainly to develop the steering-by-wire system and air suspension system. In addition, the robot linear actuator and rotary actuator developed by the company have been sent to customers many times, and it is planned to invest 5 billion yuan to build a production base for robot core components in Ningbo.

　　Risk warning: raw material price fluctuation, fierce competition in the industry, and the risk that the Mexican factory is not progressing as expected.

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The front face design of Xuanjie car is very personalized, and the air intake grille is streamlined with sharp headlights, showing a sporty and dynamic style. The overall lines are simple and smooth, and the body lines are tough and powerful, creating a strong sense of modernity and strength. Dazzling cars are not only eye-catching in appearance, but also pay attention to the handling of details to create a unique visual effect.

Xuanjie has a compact body size, with a length * width * height of 4400*1831*1653mm and a wheelbase of 2632mm. The side lines of the vehicle are smooth, and the wheel tracks are 1551mm for the front and 1563mm for the rear respectively. Hyun Jie is equipped with 16-inch wheels and 215/65 R16 tires, showing its fashionable and dynamic appearance style.

Xuanjie’s interior design is simple and stylish, and the center console is equipped with a 10.25-inch touch screen, which provides drivers with rich multimedia functions and convenient operation experience. The steering wheel is made of plastic, although it is slightly ordinary in touch, but the design of manual up-and-down adjustment can meet the needs of drivers of different heights. The seat is made of fabric, which provides good support and comfort. The main and auxiliary seats support front and rear adjustment and backrest adjustment, and the rear seats can be laid down in proportion, which provides convenience for the storage of luggage. On the whole, the interior configuration of Hyun Jie is practical and intimate, which can meet the various needs of daily driving.

Xuanjie’s engine is 1.5L 116 horsepower L4, with a maximum power of 85kW and a maximum torque of 143N m.. With a 5-speed manual transmission, it provides a strong power output and a smooth driving experience for the vehicle.

Car home car owners have a unique view on the appearance of Hyun Jie. He thinks that the design conforms to personal aesthetic standards. Although it is not as delicate as PLS, it can still meet his expectation of car value.

At the beginning of August, major car companies showed their sales transcripts of last month to show their achievements in the past month. Judging from their respective transcripts, most brands can show their growth performance year-on-year and month-on-month, and even some car companies have created the best monthly delivery results in history. Not much to say, let’s take a look.

BYD delivered 262,161 vehicles in July.

Tengshi automobile delivered 11,146 vehicles.

In the past July, BYD was undoubtedly the best performer, with the sales volume of 262,161 vehicles reaching a peak, up 61.3% year-on-year, and creating the best monthly achievement in history. However, this achievement can only last for one month, because next month, BYD will create new historical achievements.

Specifically, BYD Auto sold 249,959 vehicles in July, a year-on-year increase of 54.1%; Tengshi Automobile sold 11,146 vehicles in July, a record high, and sold more than 10,000 vehicles for five consecutive months, ranking first in the luxury MPV market with more than 300,000 vehicles for seven consecutive months. More importantly, the average transaction unit price of Tengshi Automobile is as high as 420,000 yuan. In addition, 18,169 vehicles were exported in July, and this year’s cumulative export was about 92,000 vehicles.

From January to July this year, BYD’s cumulative sales have exceeded 1.5 million vehicles, reaching 1,509,266 vehicles, which is 50% of the annual target of 3 million vehicles set at the beginning of this year. The remaining 50% will be completed in the last five months. Is it still possible? According to BYD’s development plan, there is still a possibility, because BYD Seal DM-i, Tengshi N8, Wangwang U8 and Equation Leopard 5 will be listed one after another in the second half of the year, and their popularity is very high, especially Seal DM-i, which can basically contribute more than 10,000 vehicles to BYD. Whether it can be broken or not, we will wait and see.

The sales of "Wei Xiaoli" all rose.

LI delivered 34,134 vehicles in July/Weilai Automobile delivered 20,462 vehicles in July/Xpeng Motors delivered 11,008 vehicles in July.

If BYD got the best report card, the "Wei Xiaoli" three companies stole the limelight. Even LI CEO Li Xiang said: Last week, three new forces from the Internet returned to the top three, and this trend is sustainable.

Among them, LI delivered 34,134 vehicles in July, up 227.5% year-on-year, and the delivery volume exceeded 30,000 vehicles for two consecutive months. In 2023, the cumulative delivery volume has reached 173,251 vehicles, firmly occupying the top spot of new power brands. LI sells so well, marketing promotion, market positioning and product strength are all in place.

Weilai Automobile delivered 20,462 new cars in July, up 103.6% year-on-year and 91.1% quarter-on-quarter, and created a new monthly delivery volume. Among them, the new ES6 contributed half, and its delivery volume exceeded 10,000 vehicles, making it the first model of Weilai to deliver more than 10,000 vehicles per month. In 2023, Weilai delivered a total of 75,023 new cars, with a cumulative delivery of 364,579 in history. Weilai’s sales soared in July, mainly due to the income from "price reduction" of 30 thousand, which is enough to show that any marketing strategy is not as real as price reduction.

Xpeng Motors delivered a total of 11,008 vehicles in July, up 28% from the previous month, achieving positive growth for six consecutive months and re-entering the new milestone of delivering 10,000 vehicles. Among them, Tucki G6, which was listed soon, delivered 3,900 vehicles, which is still half a month’s delivery. At present, Tucki has also reached a technical cooperation with Volkswagen, and the market volume has been significantly improved, which is expected in the future.

Gac ean delivered 45,025 vehicles in July.

Sales for three consecutive months exceeded 45,000 vehicles.

Since stepping into 2023, Guangzhou Automobile Ai ‘an, like a runaway wild horse, has seen a steady increase in sales. Only 8,206 vehicles were delivered in January this year, but the delivery in July has reached 45,025 vehicles, an increase of 80% year-on-year, with sales exceeding 45,000 vehicles for three consecutive months. From January to July this year, the cumulative sales volume was 254,361 vehicles, a year-on-year increase of 103%.

In addition, Haobo GT, the first mass production model of Haobo brand, delivered 2011 vehicles in the first month. For Ai ‘an, although many people’s impressions are still stuck in the online car, it is undeniable that the online car is synonymous with reliability, durability and high cost performance.

Wuling Binguo delivered 20,064 vehicles in July.

Bao Junyue also delivered 5,290 vehicles in July.

Wuling Binguo, which was listed in March this year, also showed its super strength. It delivered 7,756 vehicles in the first month and 16,383 vehicles in the next month, and began to emerge. In July, this figure exceeded 20,000 vehicles, reaching 20,064 vehicles, an increase of 4.95% from the previous month. Since its listing, Wuling Binguo has accumulated to 81,336 vehicles. Although the sales volume of Wuling Hongguang MINIEV is not as good as before, the arrival of Binguo has taken over the heavy responsibility of sales.

In addition, Bao Junyue also performed well. With a very off-road appearance, the sales volume in July reached 5,290 units. Since its listing on May 25 this year, the cumulative sales volume has reached 11,077 units. Today, with such a serious homogenization, Baojunyue is undoubtedly very different from other models, and it is this differentiation that brings more freshness and discussion.

Lantu Automobile delivered 3,412 vehicles in July.

Create the best result in history

Lantu Auto delivered 3,412 vehicles in July, creating the best monthly achievement in history, with a year-on-year increase of 90% and a quarter-on-quarter increase of 13%. At present, it has sold more than 3,000 vehicles for five consecutive months. With the launch of the new Lantu FREE, it will hit the monthly sales of 4,000 vehicles.

Zero-run cars delivered 14,335 vehicles in July.

Zero run C11 delivered over 9,200 vehicles.

Retail cars sold 14,335 vehicles in July, of which C-series vehicles accounted for 85%, exceeding 12,000 vehicles, and C11 vehicles delivered over 9,200 vehicles. They were obviously enthusiastically sought after by consumers, which may be called one hard work and two gains. However, the zero-run car doesn’t seem to be satisfied with this. On the eve of the release of the report card, the price of some models of the C11 and C01 zero-run car was lowered, with a maximum reduction of 20,000 yuan, once again assuming the title of "price butcher".

Krypton vehicles delivered 12,039 vehicles in July.

Also set a record high.

There is also a record high of Krypton vehicles, which delivered 12,039 vehicles in July, up 139.7% year-on-year and 13.4% quarter-on-quarter, and sold over 10,000 vehicles for two consecutive months. By the end of July, the cumulative delivery of Krypton vehicles was 132,620 vehicles, while achieving zero spontaneous combustion safety.

At present, there are three kinds of cars owned by Krypton, namely, medium and large car Krypton 001, medium and large MPV Krypton 009 and compact SUV Krypton X. Among many new brands, Krypton’s product layout is the most perfect, and cars, SUVs and MPV markets are all involved, and each product is different from the same level models, which can undoubtedly give Krypton a brand label.

Deep Blue delivered 13,172 vehicles in July.

Deep Blue S7 delivered 9197 vehicles in total.

Deep Blue Auto also performed brilliantly, with a total of 13,172 vehicles delivered in July, of which 9,197 vehicles were delivered by Deep Blue S7, and its starting price of 149,900 yuan was really lethal. In addition, after the deep blue SL03 discount, the starting price is only 149,900 yuan, and the cost performance is also full.

It is worth mentioning that according to the brand-new strategic plan released by Deep Blue Automobile, it will launch more than 2 new products every year, and launch more than 12 brand-new and redesigned models.

Geely Galaxy delivered 10,058 vehicles in July.

Refresh the monthly sales rate of China hybrid SUV market.

At present, Geely Yinhe Automobile, which has only one car, also broke through the 10,000-vehicle mark in July, reaching 10,058 vehicles, and this is the second month that Yinhe L7 went on the market, refreshing the monthly sales rate of China hybrid SUV market to break through 10,000, and at the same time, it also achieved a good result of 9,673 vehicles in the first month of listing. In addition, Geely also announced that its Galaxy L6 will be officially listed in September.

Nezha delivered 10,039 vehicles in July.

1382 vehicles were exported overseas.

Nezha delivered 10,039 vehicles in July, of which 1,382 were exported overseas. By July 2023, Nezha had delivered a total of 320,506 vehicles. At present, Nezha Automobile is the only brand of mass-produced sports cars among the new forces, and the sports car market is very small, and it has always been a representative of expensive and impractical in many people’s impressions. However, Nezha Automobile has resolutely chosen this road to provide consumers with more personalized and flamboyant choices, and at the same time, it can establish the brand label of sports.

Feifan Automobile delivered 2,060 vehicles in July.

The sales volume has exceeded 2,000 vehicles for three consecutive months.

Feifan Automobile from SAIC delivered 2,060 vehicles in July, and its sales exceeded 2,000 vehicles for three consecutive months. Personally, I’m not satisfied with this achievement, because when Feifan F7 was launched, it earned enough attention with the price of 229,000 yuan, and set off a craze on the Internet, which was called "the new generation of roll king" by many netizens. However, since it was listed for several months, the monthly delivery volume has been hovering around 2,000 vehicles, which obviously can’t match its sound volume at that time.

Zhiji LS7 delivered 1,572 vehicles in July.

Zhiji LS6 will be available soon.

Since the launch of the LS7 in February this year, the sales volume of Zhiji Automobile has gradually improved. In the latest July, Zhiji LS7 sold a total of 1,572 vehicles, and since its delivery in March, it has sold a total of 9,309 vehicles. At present, Zhiji LS6 will be listed soon, and its arrival is expected to help Zhiji’s monthly sales exceed 5,000 vehicles.

Extreme Fox delivered 1,826 vehicles in July.

Or it’s time to consider hybrid models.

Extreme Fox delivered 1,826 vehicles in July, with a cumulative delivery of 10,617 vehicles from January to July. At present, Extreme Fox owns medium and large-sized pure electric car Alfa S and medium-sized pure electric SUV Alfa T. The comprehensive product strength and price of the two cars are quite advantageous, but the disadvantages of only providing pure electricity are exposed, and the brand awareness is relatively general. Extreme Fox may consider launching a hybrid version.

Aouita Auto delivered 1,786 vehicles in July.

Aouita 12 will be listed soon.

Aouita Automobile delivered 1,786 vehicles in July, which is basically the same as that in the past few months. At present, it only owns a Aouita 11 car, with a starting price of 319,900 yuan. And another model, Aouita 12, is about to go on the market. This medium and large-sized car with the reputation of "domestic Porsche Panamera" is expected to help Aouita’s monthly car sales break through the 4,000 mark.

Skyworth delivered 3,452 vehicles in July.

974 vehicles were exported overseas

Skyworth delivered a total of 3,452 vehicles in July, including 974 vehicles exported overseas, up 151.42% year-on-year, and sold more than 3,000 vehicles for two consecutive months. At present, Skyworth Automobile has two passenger cars, Skyworth EV6 and Skyworth HT-i, which are on sale. They are both positioned as medium-sized SUVs equipped with BYD power system, with high cost performance, but their brand awareness is average. Most people’s impressions of Skyworth are still on TV, so we need to make some efforts in this regard.

Smart cars delivered 4,292 vehicles in July.

Mercedes-Benz design, Geely research and development.

Smart cars delivered 4,292 vehicles in July, an increase of about 12% from the previous month. From January to July this year, the cumulative sales volume was 27,702 vehicles, and since the start of delivery on September 23, 2008, the cumulative delivery has reached 37,044 vehicles. At present, smart has two SUVs, Genie #1 and Genie #3, whose designs come from Mercedes-Benz, while Geely is responsible for the engineering research and development of the whole vehicle.

Hechuang Automobile delivered 1,674 vehicles in July.

Hechuang V09 opens the reservation

Hechuang Automobile delivered 1,674 vehicles in July. At present, its models include compact SUV Hechuang Z03, medium-sized SUV Hechuang 007 and medium-sized car Hechuang A06. In addition, the pure electric MPV Hechuang V09 has started booking.

Wei brand cars delivered 6652 vehicles in July.

Gaoshan DHT-PHEV will be listed soon.

Wei brand automobile delivered 6,652 vehicles in July. At present, it has Latte DHT, Latte DHT-PHEV, Mocha DHT-PHEV and Blue Mountain DHT-PHEV, and its first MPV Alpine DHT-PHEV will be listed soon, and the sales volume is expected to go further.

Sailisi new energy vehicles delivered 6934 vehicles in July.

AITO asks M9 to be listed in the fourth quarter.

Sailisi new energy vehicles sold 6,934 vehicles in July, and this year’s cumulative sales reached 51,734 vehicles, most of which were contributed by AITO’s M5. In the fourth quarter of this year, AITO’s M9 is expected to go on the market and will be equipped with the newly upgraded HarmonyOS 4.0, which is praised by Yu Chengdong as "the best SUV within 10 million" and is expected to help Sailisi new energy vehicles achieve better results.

Buick’s pure electric family delivered 8692 vehicles in July.

Buick E5 and E4 performed well.

The pure electric family of Buick delivered 8,692 vehicles in July, and two new cars of Autoenergy platform contributed most of the sales, including 3,722 vehicles delivered by Buick ELECTRA E5 and 1,762 vehicles delivered by Buick ELECTRA E4 in the first month. And it is understood that the Buick ELECTRA E5 Avia four-wheel drive model is about to start delivery.

GAC Toyota delivered 71,343 vehicles in July.

Sales of flagship models accounted for over 44%

GAC Toyota sold 71,343 vehicles in July, of which Camry sold 17,613 vehicles in July, and the cumulative sales from January to July exceeded 120,000 vehicles; Highlander sold 7,378 vehicles in July, an increase of 8% from the previous month; Saina sold 7,049 vehicles, an increase of 21% from the previous month. In July, sales of Saina, Camry and Highlander accounted for 44.97%.

Although GAC Toyota’s achievements in the pure electric market are relatively average, it still exists as a king in the fuel and hybrid markets, and its market reputation and product quality are deeply rooted in the hearts of the people. At the same time, GAC Toyota also stressed that it will adhere to the all-round electrification strategy, accelerate the layout in the field of smart electric hybrid dual-engine, pure electric and hydrogen fuel cell technology, and continuously accelerate the iterative upgrade of product intelligent technology.

In the automobile industry, the tire size of a model can often reveal its inherent temperament and performance considerations. For Jetway X95, the high-profile model shows the visual impact of luxury and atmosphere with its 20-inch large rim. This rim is designed with multiple spokes, which directly conveys a high-level driving experience and brand image.

In the choice of tires, Jetway X95 did not neglect the details. The top model is equipped with Tong Jia and Sailing brand tires, with specific specifications of 255/45R20, which provides excellent handling and comfort for drivers. However, for mid-low configuration models, 18-inch wheels are more common, with specifications of 235/60R18, and the spare tire size of all models is not comprehensive.

It can be seen that Jetway X95 has been carefully designed according to the vehicle class in tire configuration to meet the needs of different consumers. Whether it is a 20-inch visual shock or a meticulous spare tire configuration, it reflects its emphasis on quality and practicality.

　From July 1 ST to 2 nd, 2024, the summer test of knowing the car ushered in the challenge moment of "meeting a faulty car on a rainy night". 35 popular models from BYD, Tesla, Volkswagen, Wei Xiaoli, BBA and other car companies participated in the test. In the test, 35 cars drove into the simulated rainy night road at the speed of 60/70/80km/h respectively, and they showed different performances when they encountered the faulty car in front.

The test results show that among all 35 vehicles, 16 vehicles passed the 60-80km/h interval test, accounting for 45.7%. There are 7 models that passed the test at 80km/h, namely: Wenjie M7, Weilai ET5, Aouita 12, Zhijie S7, Wenjie M9, Tengshi N7 and Tucki G6. The first four models have taken the initiative to bypass when encountering a faulty car.

Four Huawei models with ADS PRO V2.0 version: Aouita 12, Wenjie M7, Wenjie M9 and Zhijie S7, all passed the test with a speed of 80 km/h. Among them, the M7 has early warning, double flashing and seat belt pretension at the same time, which gives the driver, the rear car prompt and the in-car pre-protection.

BYD, the car sales leader, looked up to U8, Han EV, Leopard 5 and Qin L DM-i for this round of testing. Among them, millions of luxury cars expect U8 to pass the test at the lowest speed of 60 km/h. The other three models did not trigger the AEB emergency braking when facing the prop-faulty car, and they ran straight into it and failed the test.

Three models of traditional luxury car BBA: Audi Q4 etron, Mercedes EQE and BMW i5, also failed the 60km/h speed test. Tesla’s two models, Model3 and Cybertruck, have disadvantages in rainy days at night because of their pure vision scheme, and failed to pass the test. It is worth mentioning that Baojun Yunduo, an affordable model with an official guide price of 133,800, passed the test at a speed of 60 km/h.

In 2024, the car test was broadcast live, and netizens witnessed the whole process of 35 cars accepting the challenge of "meeting a faulty car on a rainy night". Knowing the car emperor also sent invitations to all participating brand car companies, and car companies can participate in the summer test subjects of knowing the car emperor and ask questions on the spot. At present, other test projects of Chedi Summer Test in 2024 are still in progress, and netizens can learn more details through Chedi App.

Today’s automobile market is full of flowers, and there are so many choices that consumers don’t have to be confined to a certain level when buying a car. Many car owners often complain that the fuel consumption of their cars is too high or the battery life is too poor. It can be seen that this problem is really a big problem, and everyone is very concerned about it in this respect. Let’s take a look at it next.

Let’s look at the appearance of MG7 first. The front face of MG7 looks very stable and elegant. With the deep headlight design, the visual effect is still good. The car is equipped with LED daytime running lights, automatic opening and closing, adaptive far and near light, delayed closing and so on. Coming to the side of the car, the size of the car body is 4884 mm * 1889 mm * 1447 mm. The car adopts solid lines, and the side wall gives people a very hard feeling. With large-sized thick-walled tires, the overall visual effect is very delicate. In the design of the rear end, the overall shape of the MG7 rear end echoes the front end, and the taillights are very clean, which is relatively solid in general.

When you get into the car, the interior design of MG7 looks more comfortable, giving people a very atmospheric feeling. The steering wheel of the car is very in line with the interior style, made of genuine leather, and its shape is fashionable and simple. Let’s take a look at the central control. The car is equipped with a clean and refreshing touch-sensitive LCD central control screen, which makes the interior style impressive and conforms to the mainstream aesthetics. The dashboard and seats give people a good feeling. Let’s take a look. The dashboard of this car presents a dignified design style, and the trendy design elements make people remember it at a glance. The car uses leather seats, which are wide and thick, and have good support and comfort.

The MG7 is matched with an automatic manual transmission (AT) gearbox, with a maximum power of 192KW and a maximum torque of 405N.m, with good power performance.

The car is equipped with driving mode selection, remote control key, Bluetooth key, interior ambient light, traction control (ASR/TCS, etc.), Bluetooth /WIFI connection and other configurations, which are rich in functions and greatly enhance its convenience of use.

This car performs well in terms of space and configuration. As for the design, everyone has everyone’s aesthetics. If you are concerned, you might as well experience it.

Honda 4S group purchase service shop in Waihuan Road, Shunyi District, North City, in order to complete the sales task of manufacturers and get the rebate from manufacturers in the off-season, it is sold to the whole country with the authorization of manufacturers. The 2019 Honda XR-V has a big discount promotion (brand-new commercial vehicles in the last two months), with a maximum discount of 10,000-40,000 yuan. Now there are enough cars in the store, all colors are available, and they are sold nationwide without regional restrictions. The procedures are complete (certificate of conformity, vehicle conformity certificate, Three-guarantee certificate) can be settled all over the country, and it is guaranteed nationwide, providing pick-up service. All procedures go with the car, and there is a gift package worth 8,800 yuan to buy a car. There are no additional conditions for coming to the store to buy a car. Welcome riders to the store to discuss it in detail! Considering that riders from other places have a long journey to buy a car, all riders who come to our store to buy a car successfully will be reimbursed for their one-way travel expenses without any additional conditions. Those who sincerely hope to buy a car can call for consultation or go to the store to discuss it in detail. Welcome to call, we will serve you wholeheartedly.

　　The front face of the 2019 XR-V did not follow the design of the original American standard car, but adopted a more localized design idea, such as adding a lot of chrome-plated elements to the grille and fog lights to create a angular feeling, while strengthening the sports characteristics of the new car head, it further enhanced the young elements.

　　In addition to fine-tuning the appearance details, the 2019 XR-V also added four new paint colors, which increased the paint colors of all models to eight, greatly enriching the choice space of consumers, among which tannin blue and flashing yellow are the main colors of this redesigned model.

　　Appearance: The overall design of Honda XR-V is younger, and the rich and smooth lines make the appearance more layered. Compared with the brother model Binzhi, the design of XR-V is obviously more sporty. In terms of size, the length, width and height of Honda XR-V are 4275/1770/1605mm and the wheelbase is 2610mm, which is the same as that of Guangqi Honda Binzhi. Appearance: The overall design of Honda XR-V is younger, and the rich and smooth lines make the appearance more layered. Compared with the brother model Binzhi, the design of XR-V is obviously more sporty. In terms of size, the length, width and height of Honda XR-V are 4275/1770/1605mm and the wheelbase is 2610mm, which is the same as that of Guangqi Honda Binzhi.

　　In the rear part, the new car continues the design of the current model, but the rear bumper is adjusted, and a penetrating silver plaque is added for embellishment, and the visual effect is more exquisite. In addition, like the new Binzhi, the 1.5T model of the 2019 XRV also adopts a two-way exhaust layout, and the 1.5L continues to adopt a single-side single-outlet type. In terms of body size, because the new car only adjusts the details, its length, width and height are still around 4270*1772*1605mm, and the wheelbase is also 2610 mm.

　　In terms of power, the 2019 Dongfeng Honda XRV cancelled the 1.8L naturally aspirated engine on the cash and replaced it with the same 1.5T turbocharged engine on Binzhi. This engine meets the national 6 emission standard, with a maximum power of 131 HP (96kW). The acceleration of 100 kilometers on Binzhi is only 8.63 seconds, and it can naturally reach this level on the XRV. In addition, the entry-level 1.5L Earth Dream engine will continue to be equipped, and the transmission system will be matched with manual and CVT gearboxes.

　　1. The maximum comprehensive discount during the activity is 40,000 yuan.

　　2. The owner brings his ID card to the store to fill in the vehicle information, and foreign customers need to call the sales manager in advance to go through the formalities.

　　3. Our company solemnly promises that during the activity, we can enjoy the lowest price in the country if we buy any models on sale, and make up the difference if we buy expensive ones.

　　4. All models sold in our store are regular brand-new commercial vehicles. You can enjoy the national three guarantees policy. And can be free of charge in any regular 4S shop authorized by any manufacturer in the country for the first guarantee and subsequent maintenance.

　　5. Due to the north purchase restriction policy, the company is now fully developing the foreign market, and the company can reimburse the travel expenses for the successful purchase of cars by foreign friends. (Reimbursement of one-way fare for two persons with valid bills)

　　6. The company can issue all vehicle procedures on the day of car purchase.

　　7. Foreign customers pick up their cars for free airport shuttle, so there is no need to worry about getting on the road.

　　8. Sales Tel: 17300158513 Address: No.301, Outer Ring Road, Shunyi District, Beishi.

　　The information content published by Che Xun Cheshangtong is released by the dealer himself, and its authenticity and accuracy are the responsibility of the dealer, and Chexun.com does not assume legal responsibility.

　　Ye Jing, born in 1980, starred in childhood Xia Lei in the first Qiong Yao drama Wangfu Cliff at the age of 10. Ye Jing first appeared on the screen in the 1989 TV series Young Zhang Sanfeng, in which he played childhood Zhang Sanfeng. In 2013, Ye Jing was exposed to enjoy afternoon tea with his beautiful girlfriend in a restaurant in Beijing. They were intimate and full of sweetness.