Behind the IPO of Tencent’s "Yixin" in Hong Kong: To be the "Ctrip" in the automotive field

Zhang Xuan’ an, founder and CEO of Yixin Group. source map

Another Tencent company has opened the IPO road, and Yixin Group will become the fourth listed company invested by Tencent this year.

Yixin Group (hereinafter referred to as "Yixin"), the largest Internet auto retail trading platform in China, has passed the listing hearing on the main board of Hong Kong and submitted its prospectus to the Hong Kong Stock Exchange on October 29th.

According to the prospectus, Yixin has a strong shareholder lineup, including Tencent (00700.HK), JD.COM (Nasdaq: JD), Baidu (Nasdaq:BIDU), Easy Car (NYSE:BITA), Wang Wei, founder of SF (002352), Dongfang Assets, one of the four state-owned assets companies in China, and well-known venture capital IDG. Among them, Tencent directly and indirectly holds about 33% of Yixin’s shares.

Recently, a number of "Tencent concept stocks" have emerged, including Zhongan Online (06060.HK), Reading Group (which will be listed in Hong Kong on November 8) and sogou, which is going to be listed in the United States.

Zhongan Online is the largest online insurance company in China. In September, it made an IPO in Hong Kong, and the issue price was set at the upper limit of the guidance range, raising $1.5 billion. On the day of listing, the highest increase was 18%, and the public subscription amount of retail investors exceeded 400 times.

Yi Xin has not disclosed the listing fundraising plan. On October 30th, Yixin told The Paper that the company could not make any more comments because it was in the silent period of listing, and everything was subject to the prospectus.

Regarding the positioning and planning of Yixin, Zhang Xuan ‘an, the chairman and CEO of the company, said in an interview with The Paper that Yixin’s positioning is an automotive Internet retail trading platform, and the target model is Ctrip.

Zhang Xu ‘an said that he hopes to provide one-stop services covering the whole life cycle, such as new car trading, second-hand car trading, car installment, car rental, car insurance and after-market service, by integrating its car-washing, Yixin car loan and other apps, and websites in taoche.com and daikuan.com, so as to form a closed-loop service, and let consumers rely on Yixin in every aspect of car consumption.

It took only three years from its establishment to listing: "star" shareholders gave support to traffic and risk control resources.

Yi Xin’s establishment to listing can be described as rocket speed. Yi Xin was first born out of a business unit under Easy Car, and then split into independence in August 2014. Zhang Xuan ‘an is the only one in Yixin’s management who is also the president of Easy Car, and all other management and employees are independent. The back-office departments of the company’s business, brand, App and website are also completely independent.

Since then, every financing has been supported by giant companies such as Tencent, JD.COM and Baidu. Among them, Tencent has the strongest momentum. In addition to the large shareholding of Tencent mentioned above, among the four non-executive directors, there are James Gordon Mitchell, chief strategy officer of Tencent, and Jim Lai, head of Tencent Financial Technology Group. JD.COM and Baidu appointed one person respectively.

People close to Yixin told The Paper that Yixin’s rapid development in just a few years could not be separated from the support of several major shareholders such as Tencent in traffic, risk control system and the construction of "one person, one car" account system.

For a long time, cars, as the second highest-priced low-frequency consumer goods after real estate, have made the online car platform’s customer acquisition cost and channel cost high, and the ability to integrate resources such as traffic and capital is extremely high, forcing many companies to bring huge sums of money to enter the market to attract users by advertising or subsidies, and many former "star" companies have fallen on the road of burning money crazily.

When Yixin started, the problems of users were mostly solved by shareholders. Yi Xin, with the idea of opening up the ecology, does not advertise or establish a closed account system, but directly diverts users from Tencent, Baidu and JD.COM.

According to the prospectus, Yixin’s own website and App have accumulated more than 50 million monthly active users, and the demand for car purchases operated by online platforms in a single month has reached 90 billion yuan.

However, acquiring users and activating transactions are only the first level of cooperation between Yixin and shareholders. According to the prospectus, Yixin will do more product-level mining around the current "people+cars" database to realize the transformation from the trading platform level to the traffic realization level. Industry analysts told The Paper that this actually means that Yi Xin wants to cut more into users’ life scenes.

In an interview with The Paper, Zhang Xu ‘an said that Yi Xin will make efforts to interact with tens of millions or even hundreds of millions of account systems such as Tencent JD.COM in the future. For example, Yixin not only has an entrance in QQ wallet, but also aims at personal tailor products of middle and high-end users who pay for QQ for a long time. Whether it is music, e-books, car washing, car use, etc., Yixin users can use one account smoothly without going through other intermediate links.

In addition to deep bundling in the user car scene, at the risk control level, Yixin has built several sets of intelligent models with partners such as shareholders, and analyzed the behavior, search, consumption, location and other data of automobile consumers by establishing the largest "people+cars" database in China, reducing operational risks. According to the prospectus, the 180-day overdue rate of Yixin’s platform is 0.23%, and the 30-day overdue rate is 0.89%, which is at a low level.

The car trading platform model went through: the net profit in the first half of the year was 261 million

The competition of internet car trading platform is becoming increasingly fierce.

In September 2017, Renren announced the completion of a new round of financing of 200 million US dollars. In August, Youxin Group announced that it had obtained $500 million in financing. In June, the used car of melon seeds announced that it had received over $400 million in B round financing, and Chezhibao announced that it had received 500 million yuan in C+ round financing.

However, a series of financing also makes the market worry, can such a crazy money-burning model continue?

As the "first stock of new automobile retail", Yixin’s listing made the market see the operation data from the automobile trading platform model for the first time.

From the business composition, Yixin has two major businesses: trading platform and self-financing According to the prospectus, Yixin’s income in 2014, 2015 and 2016 in the last three years was 47.99 million yuan, 271 million yuan and 1.488 billion yuan, with a compound annual growth rate of 457%; Among them, from the trading platform business launched in 2016 to the first half of 2017, the trading platform business has accounted for 45% of the total new revenue. This also directly promoted Yixin’s income in the first half of 2017 to 1.551 billion yuan, an increase of 240% compared with the same period of last year.

It is worth noting that Yixin has achieved profitability. The company’s adjusted net profit in the last three years was 3.78 million yuan, 65.603 million yuan and 99.665 million yuan respectively; The adjusted net profit for the first half of 2017 was 261 million yuan.

According to the prospectus, the transaction volume in the first three quarters of this year alone has reached 300,000. As of September 30, 2017, the cumulative management fleet exceeded 500,000 vehicles.

An auto e-commerce industry veteran told The Paper that those who do auto finance now want to get involved in the field of auto trading, while those who do auto trading are doing their own auto finance. These two directions have their own advantages and disadvantages, but no matter which way, in the decade when the Internet is flying, players have entered all fields of food, clothing, housing and transportation, but the automobile retail trading sector has not appeared ashore in the market where many players play. The potential of automobile and automobile aftermarket is still huge, and there will continue to be entrants in the future, and capital will flock to it.

Jost Sullivan, a consulting firm, judged that the value chain of China’s automobile industry is "networked", and the Internet platform can expand the opening scope of the automobile retail trading market to consumers, improve the trading efficiency, promote more effective matching of supply and demand and innovate the traditional trading process. They predict that the number of Internet car retail transactions will reach 5.4 million in 2021, and the compound annual growth rate from 2016 to 2021 will be 39.2%.

Just now, all major Internet car trading platforms are fighting for financial strength, traffic advantages, multi-channel layout, risk control capabilities, etc. What is Yixin’s killer weapon?

The above-mentioned people close to Yixin told The Paper that Yixin’s positioning of its development strategy on the platform of Benchmark Ctrip is actually a transition strategy from self-management to openness and self-management. This strategy will absorb more resources in the industrial chain, such as accessing more car services, including charging piles and battery services for new energy vehicles, and build an "Andriod system" for automobile aftermarket services, which will be packaged in every different individual transaction, forming an automobile trading ecosystem.

"Once the big ecology is established, the customer base will continue to flow, generating multiple values, and the scale effect will become increasingly prominent, strengthening profitability." Zhang Xuan’ an said earlier.

All industries are working hard to open up a new bureau. China’s economic recovery momentum is enhanced and new potential is continuously released.

  CCTV News:Flowers bloom in May and forge ahead in China. The times are changing, and the background of struggle remains unchanged. Because of labor creation, we have the glory of history and today’s achievements, and we will surely meet a bright future. All industries are working hard to open a new bureau and form a powerful driving force for China’s high-quality development.

  Innovating to "burn" the new vitality of the consumption of sports travel

  During the fiery May Day holiday, "Mobile China" is full of vitality, and the consumption of cultural tourism is surging. New ways of playing and new experiences attract tourists to achieve new "traffic passwords". The new supply of county metropolitan area activates more new consumption scenes and experiences, showing the development resilience and vitality of the cultural tourism consumer market. From "ice and snow economy" to "annual flavor economy", from "flower viewing economy" to "holiday economy", China’s consumer market continues to release new potential.

  Local integration of characteristic resources "Shangxin" cultural tourism boutique

  The "May Day" holiday is a time when the consumption demand of cultural tourism is released in a concentrated way. All localities actively integrate "characteristic" cultural tourism resources, constantly "innovate" cultural tourism products, and cross-border integrate elements such as performing arts, intangible cultural heritage and local cuisine with tourism.

  "Unlock" the trendy gameplay to enrich the new holiday experience

  A series of trendy games are constantly "unlocking", keeping pace with the times and enriching people’s new holiday experiences.

  Pinghu, Zhejiang Province: Characteristic Travel into "Traffic Password"

  Renovations in various places have opened an upgraded version of the holiday city light show. The bright national tide lights in Pinghu, Zhejiang Province light up the night sky, and folk activities such as non-legacy iron flowers and kettle performances are unique, and the characteristic literature has become a new "traffic password".

  Jiangxi Wanzai: Innovative gameplay transforms resources into economic results.

  For thousands of years in Jiangxi, the "Fireworks Show" combined with new discharge methods such as drone performance, floating platform on the water surface, and 3D stereoscopic discharge brought a new immersive experience, and the fireworks show was played over 100 million times in online video. The occupancy rate of local star-rated hotels reached 100%, and the catering and other service industries showed a spurt growth. Wanzai innovative gameplay transformed unique resources into county economic results.

  Wu Yuan, director of Wenguang New Tourism Bureau in Wanzai County, Jiangxi Province, said that the immersive fireworks show "Fireworks Love" was put from May 1 to May 5. Afternoon tea is prepared for tourists, and thousands of local lantern shows are presented. While drinking tea and watching a play, tourists can also experience the characters in the play. Adhere to the road of integrated development of "fireworks+cultural tourism", expand the IP influence of the cultural tourism brand "Come to see fireworks every Saturday", and strive to make the fireworks drive the local economic development.

  Wu Sa, deputy director of the Economic Research Institute of the National Development and Reform Commission, said that the proportion of experience tourism is getting higher and higher, and young people pursue more distinctive tourism experiences, such as camping, immersive night trips, low-altitude economy, flying experiences and concerts. All localities seize the "flow" bonus, actively improve the quality of tourism products and innovate the supply of tourism products.

  Cultivate new scenes and new formats to enhance international influence

  Beijing, Shanghai, Chongqing and other international consumer center cities have cultivated new scenes and new formats through innovation to enhance the global influence of the consumer market.

  Focus on Chongqing and set off a new upsurge of low-altitude consumption

  Chongqing Low-altitude Flying Consumption Week focused on creating new low-altitude consumption projects such as aerobatics, skydiving, seaplanes and airship cruises.

  Shanghai: the immersive experience of integrating digital consumption is full of science and technology.

  Shanghai deeply integrates digital consumption with the first store economy. The first artificial intelligence immersive experience project in China is open to the public during the holiday. This innovative "AI+ Smart Travel" project combines elements such as AI dialogue, scene interaction and plot experience, and the immersive travel experience is full of science and technology.

  Upgrade the "magnetic attraction" of the international consumption center city.

  Constantly upgrading and rejuvenating the consumer experience, plus the "magnetic attraction" of the international consumer center city. Beijing opened the 2024 International Twin Cities Consumer Festival with high quality, and more than 100 selected brands from Austria and Switzerland appeared in many key business districts in Beijing. Focusing on service consumption and automobile consumption, Shanghai has launched more than 1,000 special activities to add new momentum to the consumer market.

  Harbin: The maintenance and reconstruction project of the West Bridge was successfully completed.

  Recently, after four hours of overall hoisting construction, two left and right steel box beams with a length of 32.94 meters and a weight of 218.4 tons were accurately erected to the design line. At this point, the urban quality improvement guarantee project of Harbin Asian Winter Games — — The maintenance and reconstruction project of Harbin West Bridge completed the most critical beam replacement operation.

  After the project is opened to traffic, it will further enhance the traffic capacity of the main roads in the central city of Harbin and create more convenient travel conditions for the 9th Asian Winter Games in 2025.

  Pipeline laying is completed in the Yangtze River shield crossing project on the East China-Russia line.

  Key Control Project of Sino-Russian East Line Natural Gas Pipeline in Nantong, Jiangsu — — The Yangtze River shield crossing project completed pipeline laying on the 3rd, and the main project was fully completed.

  The Yangtze River Shield Crossing Project is a one-way shield tunneling project for oil and gas pipelines with the longest distance, the deepest buried depth, the largest caliber and the most complicated construction conditions in the world. It is expected to be put into operation before the end of 2024.

  Full Bridge Closure of Huangcao Wujiang Double-track Bridge on Yuxiang High-speed Railway

  On May 3rd, Huangcao Wujiang Double-line Bridge on Chongqing-Qianjiang section of Chongqing-Hunan high-speed railway successfully completed the closure of the whole bridge, marking the completion of the main structure of the bridge.

  The Huangcao Wujiang Double-track Bridge has a total length of 593.65 meters and a design speed of 350 kilometers per hour. After it is completed and opened to traffic, it will realize the one-hour high-speed rail connection between Chongqing’s main metropolitan area and the Wuling mountain town group in southeast Chongqing.

  The box office (including pre-sales) of the "May 1st" new film has exceeded 1 billion yuan.

  According to the data of Lighthouse Professional Edition, on May 1st, the national box office reached 411 million, ranking among the top three on the first day of "May 1st File" in China film history.

  As of 13: 01 on May 3rd, the box office (including pre-sale) of the "May 1st" new film has exceeded 1 billion yuan. The first overseas peacekeeping film "Peacekeeping Riot Squad", the comedy "thelma and louise Money" and the crime film "Fortress Besieged in Kowloon Castle" are temporarily listed in the top three box office (including pre-sale).

  The single-day passenger flow at Hengqin Port exceeded 85,200, reaching a new high.

  During the May Day holiday, Hengqin Port ushered in the peak of passenger flow. On May 2nd, the single-day passenger flow at Hengqin Port exceeded 85,200, a year-on-year increase of 53.8%, setting a historical record for single-day passenger flow.

  From the afternoon of April 30th, the passenger flow in the passenger inspection hall at Hengqin Port began to increase significantly, and there was an endless stream of outbound tour groups to Southeast Asia and tourists to Australia.

  With the official opening of Hengqin Port’s joint "one-stop" passenger and truck passage and the on-board personnel inspection and release hall, it is more and more convenient for Macao single-brand cars to travel between Qin and Macao. According to the data, since the joint "one-stop" passenger and truck passage at Hengqin Port was fully opened, the daily average number of customs clearance vehicles was about 6,000, up by about 9.6% year-on-year.

  Due to the large traffic volume during the May 1 holiday, Hengqin Border Inspection Department reminded inbound and outbound passengers to reserve enough time and travel at the wrong peak.

  During the May 1 holiday, it is more convenient for foreign tourists to implement optimization measures in many places in China.

  During the May Day holiday in 2024, the number of people entering China ports continued to rise, and the number of foreign tourists visiting China during the holiday also increased. Implement payment optimization measures in many places and continuously improve the level of payment facilitation.

  The airport is generally the first stop for foreigners to come to China. It is the first choice for many foreigners to solve the payment problem here. At Shanghai Hongqiao Airport, it took the Serbian guy less than 10 minutes to get a travel pass.

  Bank card is an international payment method. Nowadays, when foreigners come to China, they can not only apply for a bank card quickly and conveniently, but also improve the coverage and efficiency of foreign card acceptance. In 2024, the number of wild card POS machines in Shanghai will increase to 80,000, and foreigners can easily use wild cards for consumption in key business districts.

  Since 2024, the coverage rate of foreign card acceptance of key merchants in key cities across the country has continued to increase. The acceptance coverage rate of overseas bank cards in key areas of Guangzhou is over 90%, and over 80% of key merchants in Jiangsu Province can accept overseas bank cards.

  Not only in cities, but also convenient payment services are extending to the countryside. In Daming Mountain Scenic Area in Lin ‘an, Zhejiang, foreigners can choose a variety of payment methods.

2017 Annual Report of Changping District People’s Government of Beijing on Government Information Disclosure

  This report is compiled in accordance with the requirements of the Regulations of People’s Republic of China (PRC) Municipality on the Openness of Government Information and the Regulations of Beijing Municipality on the Openness of Government Information, and based on the 2017 annual report on the government information disclosure work of various government information disclosure obligation units in Changping District, Beijing.

  The full text includes the key work of government information disclosure in Changping District, Beijing in 2017, the information disclosure in key areas, the existing shortcomings and the key work in 2018, as well as the relevant data of government information disclosure such as voluntary disclosure, response interpretation, disclosure upon application (including non-disclosure, fee reduction and exemption), administrative reconsideration, administrative litigation and reporting.

  The statistical period of the data listed in this report is from January 1, 2017 to December 31, 2017. The electronic version of this report can be downloaded from the website of Changping District Government (www.bjchp.gov.cn). If you have any questions about the report, please contact the Government Information Disclosure Office of Changping District, Beijing (Address: No.19, District Government Street, Changping, Beijing; Postal code: 102200; Tel: 010-89741734; E-mail: xxgkb@bjchp.gov.cn).

  First, the key work situation

  (A) to strengthen organizational leadership, improve the work coordination mechanism.

  Improve the leadership coordination mechanism. In the "Notice on Printing and Distributing the Division of Work of District Heads and Deputy District Heads" (Chang Zhengfa [2017] No.1), it is clear that government affairs are in charge of the leadership, and it is announced to the public. Adjust the responsibilities, members and working institutions of the leading group for the openness of district government affairs. The leading group office is located in the district government office, which strengthens the organization, leadership and overall coordination of government information and government affairs disclosure.

  Strengthen work supervision and assessment. Further improve the score weight of government information and government affairs disclosure in the performance appraisal system of the whole region, and establish quantitative scoring index systems for government information and government affairs disclosure and government website information content construction respectively. Adhere to the normal supervision and report the work every month. Units that do not pay enough attention to individuals and make slow progress in their work shall be ordered to make rapid rectification in informed criticism.

  Strengthen multi-level training guidance. To carry out the training of government information and government affairs openness in different levels, classification and grading, so as to promote standardization through training and promotion through guidance. The district government office organized and carried out special training for the backbone of government information and government affairs disclosure business in the whole region; The propaganda department of the district party Committee conducted business training for spokespersons of various units; District Human Resources and Social Security Bureau will incorporate government information and government affairs open courses into the post training of department-level civil servants; The district comprehensive administrative service center organized and carried out the training of government website construction management business ability.

  (2) Strengthen system construction and promote the orderly development of work.

  Make overall arrangements for the key work of making government affairs public in the whole region. Focusing on the overall economic and social development of the whole region and focusing on the hot issues concerned by the people, the Division of Key Tasks for Openness of Government Affairs in Changping District in 2017 (Chang Zheng Ban Fa [2017] No.23) was studied and formulated, which defined 65 key tasks in five aspects, and defined the lead unit, responsible unit and completion time limit item by item, giving full play to the functions of openness of government affairs in stabilizing growth, adjusting structure, streamlining, promoting reform, benefiting people’s livelihood and promoting services.

  We will further promote the implementation of the open list of government affairs in key areas. Changping District has established a two-level list system of government affairs open areas and towns (streets) in key areas according to the working idea of "comprehensive coverage, clear levels, clear standards and orderly deepening". On the basis of centralized publication and careful deployment and implementation of the list, three rounds of special supervision on the implementation of the list were carried out, and the contents of the list were sorted out item by item. The government information included in the inventory management should basically be "open and open".

  Actively promote the pre-disclosure and interpretation of major administrative decisions. The study issued the Notice on Doing a Good Job in the Pre-disclosure of Major Administrative Decisions and the Interpretation and Publicity of Policy Documents (Chang Zheng Ban Fa [2017] No.1), promoted the pre-disclosure of major administrative decisions, and standardized and improved the policy interpretation and publicity work. In 2017, the important topics of the district government meeting, such as "Opinions on Accelerating the Construction of High-tech Industrial Structure", "Work Plan for Alleviating Traffic Congestion in 2017" and "Implementation Opinions on Implementing the Regulations on Home Care Services in Beijing", were pre-disclosed. Policy interpretation was carried out on important policy documents that involve public interests and need to be widely known by the society, such as "Opinions on Admission to Compulsory Education in 2017" and "Implementation Opinions on Implementing the Regulations on Home Care Services in Beijing".

  Improve the level of disclosure according to the application and handling according to law. The "Opinions on Strengthening the Work of Government Legal Counsel" (Chang Zhengfa [2017] No.8) was issued, and a working pattern of government legal counsel was initially formed, in which the staff of government legal institutions supplemented by experts and lawyers, providing professional legal support for government information disclosure applications and responding to reconsideration litigation cases. In the process of application processing, the three passes of "acceptance, processing and reply" are strictly controlled in accordance with the legal provisions and processing requirements. For difficult and complicated applications, strengthen communication with legal departments, legal advisers and relevant units, improve the case consultation mechanism, and effectively improve the quality of handling.

  We will promote the pilot work of making grass-roots government affairs public. We studied and formulated the Implementation Plan for the Pilot Work of Standardization of Grassroots Government Affairs Openness in Changping District (Chang Zheng Ban Han [2017] No.10), established a joint meeting system for the pilot work of standardization of grassroots government affairs openness in Changping District, and made it clear that 11 departments took the lead in the pilot work in 9 fields. Focusing on the actual needs of the masses and enterprises on the contents, ways, channels and other aspects of government affairs disclosure in related fields, a social demand survey was carried out. Various pilot projects, such as sorting out the catalogue of government affairs disclosure information, compiling the standards of government affairs disclosure, and studying the management mechanism, were promoted in an orderly manner.

  (3) Enhance the interaction between the government and the people and respond to social concerns in a timely manner.

  Optimize the construction of open channels. Strengthen the press release work, and relevant units organized eight press conferences around the key work of the whole region and hot issues of public concern. Standardize the information content construction of government websites, and issue the Administrative Measures for Information Release and Operation and Maintenance of Changping District Government Websites (Trial), so as to standardize the organization, management, information release and security of government websites. Timely release important government meetings, important activities, major policies and other information through the government website, and interpret the major policies issued by the state, Beijing and Changping District in the form of videos, charts and questions and answers. Strengthen the construction of new media for government affairs, set topics individually according to the characteristics and needs of the audience, increase the use of new media to release government authoritative information, increase the proportion of information push for convenience services, and realize the normalization of government information release on new media platforms. "Beijing Changping" Weibo has accumulated 1.3 million fans on Sina, Tencent and People’s Network. "Beijing Changping" WeChat has accumulated 110,000 users. "Beijing Changping" Weibo WeChat publishes more than 4,500 messages every year.

  Build a bridge between government and people. Promote the opening of government meetings, and invite 31 deputies to the District People’s Congress, CPPCC members, residents and the news media to attend the district government meetings as nonvoting delegates, and actively listen to the public’s opinions and suggestions on government meeting topics with high degree of contact with the public, such as the work report of the district government and the important practical progress directly related to people’s lives, the implementation opinions on implementing the Regulations on Home Care for the Aged in Beijing, and the work plan for promoting the "Sunshine Catering" project. To strengthen the interaction between the government and the people, Zhang Yanyou, deputy secretary of the District Party Committee and district head, led a team into the service hotline 12345 hall of the municipal government to listen to the opinions and suggestions of the masses on urban management, environmental protection, housing security, education and medical care in Changping District, and held a forum to solicit opinions and suggestions from experts, scholars, deputies to the National People’s Congress, representatives of enterprises and representatives of the masses on alleviating traffic congestion, the plan of "returning to the sky", and the supporting planning of public services in Huilongguan and Tiantongyuan areas.

  Strengthen the response of government public opinion. Through the "Changping" government affairs Weibo WeChat, People’s Daily local leaders’ message board, relevant regional forums, WeChat WeChat official account and other channels to retrieve information, broaden the dimension of public opinion viewing. For hot events concerned by public opinion, timely release information according to procedures, indicating the government’s attitude. Through the portal website of the district government, the progress information of central and municipal environmental protection inspectors, safety production inspectors and special actions to improve public services in Huilongguan and Tiantongyuan areas will be released dynamically. In response to public opinion in emergencies, we released information in time, informed the progress and responded to social concerns through "Changping" Weibo WeChat. For false or incomplete information that may affect social stability and disrupt social order, timely release authoritative information and announce the truth to the society.

  II. Information disclosure in key areas

  (1) Stabilizing growth and restructuring through publicity.

  Promote the openness of the economic operation of the whole region. Regularly release important indicators of economic and social development in Changping District, covering major core indicators such as GDP, investment, total industrial output value, retail sales of social consumer goods, and energy consumption reduction rate per 10,000 yuan of GDP. Publicly release the report on the implementation of the national economic and social development plan for 2016 and the draft national economic and social development plan for 2017 in Changping District, Beijing.

  Promote the disclosure of fiscal revenue and expenditure. The District Finance Bureau shall disclose the income and expenditure of four budgets, namely, general public budget, social security fund budget, state-owned capital budget and government fund budget, on a monthly basis. In addition to confidential information, the first-level budget and final accounts units in the whole region have disclosed the budget and final accounts information of their own units and the "three public funds".

  Promote the information disclosure of government and social capital cooperation projects (PPP). Five projects, including Beijing Changping Organic Ecological Treatment Station, Changping Reclaimed Water Plant Phase II Project, Changping District Rural Decentralized Sewage Treatment in 2016, Shahe Reclaimed Water Plant Phase II Project and Changping District Town-level Sewage Treatment Facilities Construction and Operation, disclosed the basic situation, implementation process, cooperation mode, consulting services and other information on the PPP comprehensive information platform of the Ministry of Finance.

  Promote information disclosure of key construction projects. Publish the catalogue of key construction projects in Changping District, and make public the bidding, contract filing, construction permit and completion acceptance filing of key construction projects. Regularly release the progress of key construction projects.

  Promote the information disclosure of the future science city construction. Around the establishment of a multi-agent collaborative innovation platform, the construction of a collaborative innovation platform for hydrogen energy technology in the future Science City was actively disclosed, as well as the relevant information about the frontier research conducted by five research institutes of central enterprises and seven R&D institutions with advantages in the field of hydrogen energy in Beijing. Information on major technical special research and key technology joint research in the future science city was disclosed. Five central enterprise research institutes, including China National Building Materials and Chinalco, set up academician workstations, and Chen Qingquan Academician Science and Technology Innovation Center settled in the future science city, helping the future science city to introduce international high-end talents and R&D teams.

  (B) open to help sparse functions and promote reform.

  Promote the information disclosure of the special action of "resolving rectification and promoting improvement". Timely release the progress of general manufacturing and regional professional markets. Focusing on key tasks such as cracking down on "digging holes in the wall", cleaning up and rectifying industrial compounds, and rectifying "scattered and polluted" enterprises, we will actively disclose information on work progress.

  Promote the clean-up of normative documents and information disclosure. Clean-up work was carried out around the regulations and normative documents involved in the "streamline administration, delegate power, strengthen regulation and improve services" reform, and 122 reserved directories, 49 abolished directories and 4 directories to be revised of administrative normative documents were published in time.

  Promote the disclosure of environmental protection information. Information such as reducing coal burning, controlling vehicles to reduce oil consumption, pollution control and emission reduction, cleaning and dust reduction will be disclosed by stages, and monitoring data of key pollution sources controlled by the state and the city in the jurisdiction will be actively disclosed. Improve the emergency mechanism for heavy air pollution, publicize the Emergency Plan for Heavy Air Pollution in Changping District (revised in 2017), and publish daily air quality reports. Publicize the water quality information of waterworks, the progress of small and medium-sized river regulation and rural sewage treatment on a quarterly basis. Publicize the list of river chiefs at all levels in the whole region, and publish the operation of important large and medium-sized sewage treatment facilities in cities and towns and the treatment of black and odorous water bodies in built-up areas every six months.

  Promote the disclosure of counterpart assistance and counterpart support information. Changping District has established counterpart assistance and counterpart support working relationship with shangyi county, Qumalai County and Arukerqin Banner, and timely disclosed the progress of work and the disbursement of aid funds.

  Promote "double randomness and one openness". Changping District’s double random spot check lottery system was launched, and 19 law enforcement supervision units in the district carried out "double random" law enforcement inspections. The competent departments of various industries have made public the list of random spot checks according to law, made clear the subject, items, contents, objects, methods and basis of spot checks, and made public the results of spot checks and the investigation.

  Promote the disclosure of production and operation information of state-owned enterprises in the district. On the website of the SASAC, the general situation of production, operation and performance evaluation of state-owned enterprises in the district, the situation of maintaining and increasing the value of state-owned assets, the situation of enterprise reform and restructuring, the position change of enterprise leaders and the annual salary of enterprise leaders were disclosed. Dynamic disclosure of the changes in the dispatch of the board of supervisors to the regulatory enterprises.

  Promote the disclosure of safety production supervision information. More than 900 pieces of safety production law enforcement inspection information were made public; 169 pieces of information on administrative penalties for production safety; 22 production safety accident reports. Timely exposure of production and business units with potential safety hazards through the "Changping Safety Supervision" WeChat platform. The emergency rescue plan for fireworks and firecrackers accidents, dangerous chemicals accidents and production safety accidents in Changping District was formulated and published.

  Promote the disclosure of regulatory information on the tourism market. Focusing on the creation of a national global tourism demonstration zone, the progress of market supervision, joint law enforcement and global tourism will be disclosed in a timely manner. Publish the list of Changping Travel Agency, scenic spots below AAA level, tourist star hotels and dishonest business enterprises.

  (3) Promoting people’s livelihood and services through publicity.

  Promote the disclosure of educational information. In response to the enrollment of compulsory education that the masses are concerned about, the Opinions on Enrollment of Compulsory Education in Changping District in 2017 (Chang Zheng Ban Fa [2017] No.21) was voluntarily published, and the enrollment policy of compulsory education was released through new media such as "Beijing Changping" WeChat.

  Promote the separation of medicine and comprehensive reform of information disclosure. Broadcast medical reform policies and news through dynamic news, special reports, radio, internet and other forms to create a good public opinion atmosphere. More than 80,000 leaflets and 850 sets of posters were printed and distributed.

  Promote the disclosure of food and drug safety supervision information. Regularly disclose food sampling information, and actively disclose information on penalties for illegal acts of food, medicines, medical devices and cosmetics, and product recall information. Timely disclosure of drug GMP and GSP certification announcement information and certificate revocation. The "Changping Sunshine Catering" APP was launched, and people can check the kitchens of 233 catering units in real time through the mobile APP.

  Promote the disclosure of social assistance information. The District Civil Affairs Bureau shall disclose the number and capital expenditure of low-income and poor people on a monthly basis; The number of public medical assistance and temporary assistance and the expenditure of funds on a quarterly basis; According to the academic year, the number of people and the expenditure of funds to help freshmen in higher education are disclosed.

  Promote the disclosure of employment service information. Organize the on-site meeting of employment policy consultation. Dig deep into jobs suitable for college graduates and hold special job fairs for college graduates regularly. Through the platforms of "Changping Employment" WeChat, "Career Coming and Career Going" and LED display, more than 110,000 pieces of employment information were released.

  Promote the information disclosure of public services and government services. All 871 district-level public service items passed the examination in Beijing, and a list of public service items was formed and made public. Integrate the handling conditions, application process, required materials, legal time limit and the address of the reporting website of each unit online, and publish them centrally on the website of the district comprehensive administrative service center, which is convenient for the public to directly inquire and report quickly.

  Third, information disclosure data

  (a) take the initiative to disclose the situation

  In 2017, 31,502 pieces of government information were voluntarily disclosed. Take the initiative to disclose 18 normative documents. 8,289 items of government information were made public in key areas. Among them, 409 pieces of financial budget final accounts, "three public funds" and administrative funds were voluntarily disclosed; Take the initiative to disclose 55 pieces of information such as the construction plan of affordable housing projects, the start and completion of projects, and the distribution and withdrawal of affordable housing; Take the initiative to disclose 690 pieces of information such as food safety standards, food production and operation licenses, special inspections and rectification; Take the initiative to disclose 915 information such as environmental verification and approval, environmental status bulletin and major environmental emergencies; 3,950 pieces of information such as government measures, disposal progress, risk early warning and preventive measures for production safety accidents; Take the initiative to disclose one piece of information such as approval of agricultural land conversion to construction land, approval of collective land expropriation, announcement of land expropriation, announcement of land expropriation compensation and resettlement, and settlement of collective land expropriation; 29 items, prices, basis, implementation time and scope of government-guided prices, government pricing and adjustment of charging standards; Take the initiative to disclose 151 warning information and good information in the enterprise credit information system of this Municipality; Actively disclose 20 pieces of information such as the audit results of government department budget implementation; 135 pieces of information on the supervision and management of public enterprises and institutions closely related to the interests of the people by administrative organs; Voluntary disclosure of other information and other information decided by the Municipal People’s Government.

  The disclosure of government information through different channels and ways, including 25,236 government websites; 8598 government information disclosure in Weibo; 5533 items of government information are disclosed by government WeChat; Other ways to disclose government information 3287.

  (2) Responding to the interpretation.

  Attend or hold 8 press conferences (mainly responsible comrades attended 4 press conferences); 13 online interviews on the government website (the main responsible comrades participated in the online interview on the government website once); 277 policy interpretation manuscripts were released; Weibo WeChat responded to the incident 546 times; Other ways responded to the incident 5174 times.

  (three) according to the application for disclosure.

  1. Application status

  The total number of applications in the region is 436, of which 101 are in person, accounting for 23% of the total; 108 applications were submitted through the Internet, accounting for 24.6% of the total; 230 applications were made by letter, accounting for 52.4% of the total. (Because the same application can be filed in multiple ways, the sum of classified applications is greater than the total number of applications.)

  2. Response

  Handle 442 applications carried forward in 2016 and accepted in 2017. Among them:

  29 "belong to the scope of active disclosure", accounting for 6.56% of the total;

  125 cases of "consent to disclosure", accounting for 28.28% of the total;

  26 "consents to partial disclosure", accounting for 5.88% of the total;

  There were 28 cases of "disapproval", accounting for 6.34% of the total, including 2 cases involving trade secrets; 8 pieces involving personal privacy; Endangering national security, public safety, economic security and social stability; Not 17 pieces of government information referred to in the Regulations;

  51 cases were "not disclosed by this administrative organ", accounting for 11.54% of the total;

  171 "application information does not exist", accounting for 38.69% of the total;

  10 cases of "informing to make changes and supplements", accounting for 2.26% of the total;

  There are 2 cases of "informing to handle through other channels", accounting for 0.45% of the total.

  3 according to the application of public government information charges.

  From January 1, 2017 to March 31, 2017, all administrative organs in the whole region charged 0 yuan for searching, copying, mailing and other fees for providing government information upon application in accordance with the Measures of Beijing Municipality for Charging Administrative Organs for Providing Government Information upon Application (Trial). In accordance with the requirements of the Notice of the Municipal Finance Bureau and the Municipal Development and Reform Commission on Cleaning up and Regulating a Batch of Relevant Policies for Administrative Charges (J.C.Z. [2017] No.569), since April 1, 2017, this district has stopped charging fees for disclosing government information upon application.

  (four) administrative reconsideration, litigation and reporting.

  Of the 18 administrative reconsideration cases caused by the disclosure of government information in the whole region, 15 have been concluded, 12 have been decided to maintain, and 3 have been revoked. There were 12 administrative litigation cases related to the disclosure of government information in the whole region, and 11 cases have been concluded, including 6 cases of maintaining specific administrative actions, 4 cases of revoking administrative actions or confirming illegality, and 1 case of dismissing the lawsuit.

  (5) Reporting complaints

  A total of 3 complaints and reports on government information disclosure were accepted in the whole region, all of which have been settled.

  (six) institutional construction and security training

  In 2017, the number of specialized agencies for government information disclosure in the whole region was 61, and 63 points for government information disclosure were set. There are 180 staff engaged in government information disclosure, including 31 full-time staff and 149 part-time staff. All units in the region held a total of 106 meetings or special conferences on government information disclosure, held 80 trainings of various types, and received 3,746 trainees.

  Fourth, the existing shortcomings and key work in 2018

  (A) the existing deficiencies

  In 2017, the government information and government affairs disclosure in the whole region achieved good results, but there is still a certain gap with the expectations of the public. Mainly manifested in: First, the working mechanism of "five openness" needs to be further improved, and the breadth and depth of open content need to be further improved; Second, the use of government websites and new media to release information needs to be further coordinated, and the quality, frequency and effect of interpretation responses are still lacking; Third, the ability of disclosure according to law still needs to be improved, and the research on difficult issues of disclosure according to application needs to be further strengthened. Fourth, the level of intensive construction of government websites needs to be improved.

  (II) Key tasks in 2018

  The first is to promote the pilot of grassroots government affairs disclosure. We will further promote the standardization and standardization of grassroots government affairs, and sort out the full list of government affairs disclosure matters in nine areas, including district-level urban and rural planning, major construction projects, and financial budget and final accounts. Highlight the characteristics of Changping, actively explore and innovate, focus on promoting decision-making, implementation, management, service and results disclosure, and comprehensively improve the level of information and government affairs disclosure in the district government.

  The second is to standardize and broaden open channels. Strengthen the standardization and integration of government websites, promote the intensive sharing of government websites, and build a unified interactive communication platform. Combined with the different needs of the audience for government information, we should make good use of various public channels such as press conferences, government interviews, government affairs Weibo, and government affairs WeChat to further enrich government information and open forms of government affairs.

  The third is to strengthen policy interpretation and respond to concerns. Strengthen the pre-disclosure of major administrative decisions and the interpretation of policy documents, make government work clear and thorough to the people, and enhance public understanding of government policies and measures. Further unblock the channels for reflecting and expressing people’s opinions and suggestions, start with solving outstanding problems that people are generally concerned about, and enhance the pertinence and effectiveness of the government’s response to social concerns.

  The fourth is to improve the ability to handle applications openly. Further strengthen the research on the common problems of disclosure according to the application, and improve the overall level of response to cases disclosed according to the application in the whole region. Classify and study the lost cases, carry out special business training according to the application, and improve the professional level of specific staff.

Changping District People’s Government of Beijing Municipality

March 2018

Statistical Table of Information Disclosure of Changping District People’s Government in Beijing

(2017)

Statistics on Information Disclosure of Changping District People's Government in Beijing (2017)

Song Joong Ki’s family was met by chance, and his wife’s temperament was outstanding. It was so comfortable for his 1-year-old son to sit in a 10,000-yuan stroller.

  When many people are still struggling for the divorce of the Song Dynasty, Song Joong Ki has already opened a new chapter in his life.

  Since he and his second British wife Katie were promoted to parents, the three of them have been met frequently.

  On June 16th, another netizen ran into Song Joong Ki and his wife pushing a stroller to walk the baby together in Korea. The blogger said that the road was quiet, and suddenly he heard the child crying all the time, so he took a few more looks, and finally he looked at Song Joong Ki. The blogger praised Song Joong Ki for being handsome.

  I don’t want to brag about how high Song Joong Ki’s face value is here, but beside his wife, Katie is actually inferior in both temperament and state, and Song Joong Ki looks bleak and starless.

  Song Joong Ki is wearing a black T-shirt, a white baseball cap and a dark complexion. In contrast, Katie’s skin color is whiter. She wears a tall ball head, and her dress is very loose, but it is still difficult to stop her temperament. The side chin line is also very clear and very eye-catching.

  Song Joong Ki took the initiative to push the stroller instead of letting Katie push it. From this detail, it is not difficult to see that he is a good husband who loves his wife.

  The son was sitting in the stroller, his face was so tight that only a short leg was exposed. Although the baby’s leg is blocked by the shadow, it can still be seen that it is very white, which is in sharp contrast with Song Joong Ki.

  On June 14th last year, Song Joong Ki officially announced that his son was born in Italy, so the little guy just turned one year old, and his growth has been gratifying this year.

  Zanchetti, a netizen, is very beautiful, has a good temperament and posture. It is speculated that the chubby mixed-race baby must be very beautiful, teasing Song Joong Ki for being tanned.

  The netizen pulled out this outfit of a family of three, and Katie wore 799 yuan sneakers, which was relatively cheap. Song Joong Ki has more than 2,500 shoes. As a star, this price should be only a fraction of his income.

  But the most expensive is the son’s car. This seemingly ordinary stroller actually costs more than 10,000 yuan, which shows that Song Joong Ki is willing to spend money on his son.

  In December 2022, after Song Joong Ki’s love affair was exposed, she admitted it generously. In January 2023, she officially announced the good news of getting a marriage certificate and revealed that her wife was pregnant, which was a double happiness.

  Song Joong Ki lives like an ordinary person, and will take his wife on a date to watch the ball game. The picture of their interaction is so sweet. It’s not hard to see from Song Joong Ki’s smug expression that he really loves Katie.

  Song Joong Ki will also walk the baby with his wife, but sometimes Song Joong Ki still doesn’t want to expose the child’s face, help the child to cover his face, and ask everyone not to film Katie and the child, and his attitude is so gentle.

  Now Song Hye Kyo is 42 years old, with obvious signs of years on her face, and she is still single. The reason for her divorce from Song Joong Ki is still a mystery. Song Joong Ki has already started a new life, and I hope Qiao Mei can find the right soul mate as soon as possible.

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Russia incites the Middle East? The unbearable weight of Putin

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  The Middle East has always been an arena for fierce competition among great powers. In recent months, the key part of this world geopolitical chess game has changed the situation because of a few clever moves by a chess player, that is, Russia launched an attack on ISIS in Syria.

  According to the official Syrian news agency, since the Russian Air Force cooperated with the Syrian army at the end of September, the Russian army has carried out nearly 1,391 air strikes, destroying 1,623 targets of terrorist organizations, including command centers, training bases and ammunition workshops. Terrorist organizations have suffered heavy losses and have been forced to adopt defensive strategies. In addition to Russian air force fighters, the Russian army has also deployed small-scale special forces and TOS-1A fire-breathing tanks in Syria, and Russian naval warships have also launched cruise missiles for long-range strikes.

  Judging from the scale of Russia’s military investment in Syria, this is a tactical action below the division level. However, the author believes that,This tactical action can be called a "crowbar with amazing energy", achieved the strategic effect — — Russia has achieved two important strategic goals through its limited military operations in Syria:

  First of all, Russia chose to carry the right banner at the right time and decisively launched military action, which stabilized Russia’s sphere of influence in the Middle East and enhanced its international prestige.

  Russia considers itself a world power (in fact, it is indeed the largest land power in the world), and of course it cannot sit idly by and watch itself being expelled from this key geopolitical zone of the world, and its last stronghold in the Middle East is Syria. "The right time" means that the United States is playing a game with China, the world’s largest land-sea complex country, on the South China Sea issue. Russian troops at this time can make the United States fall into a dilemma on two fronts in the overall situation; Playing the "anti-terrorism banner" made Russia’s military strike division famous, making the United States and Europe blameless both politically and morally.

  Russia’s painstaking plan to send troops has achieved remarkable results: the Syrian government forces quickly stabilized the front line, and the situation began to develop in a favorable direction for Russia, at least removing the security threat it faced in its last stronghold in the Middle East. In addition, before using the Caspian Fleet frigate to launch a cruise missile attack, Russia informed the Iranian side, showing the close relationship between the two countries. The success of military operations has made the world sit up and take notice of Russia. At the same time, it has also set off the inefficiency and incompetence exposed by western countries in cracking down on ISIS in the Middle East, which has invisibly improved Russia’s international prestige.

  Secondly, Russia’s series of actions in Syria have changed the offensive and defensive posture of the United States and Russia. At this stage, the future trend of the situation in the Middle East seems to be unfavorable to the United States.

  Once upon a time, the high-handed policy of the United States made Russia once face the trend that mountains and rains were coming — — Launch a color revolution and erode Russia’s traditional sphere of influence; Developing shale gas and manipulating the decline of international oil prices will make a radical contribution to the Russian economy; Impose economic sanctions on Russia under the pretext of Ukraine issue … … Russia is caught in a double dilemma of geopolitics and national economy.

  This time, Russia’s decisive action in the Middle East has quite the effect of "encircling Wei to save Zhao": the western countries led by the United States have been unable to continue to entangle with Russia on the Ukrainian issue and can only think about how to "stop falling" on the Middle East issue. The development of ISIS is not unrelated to the United States — — From its systematic American machinery and equipment, it can be seen that the United States is not opposed to its development and growth, and Russia’s attack on it may not lack the intention of shocking the mountain.

  Because of its outstanding performance in combating terrorist forces, Russia has occupied the commanding heights of morality and public opinion, and the game between Russia and the United States in the Middle East has turned to Russia to attack the United States. In addition, the development of Iran’s strength and the deterioration of the relationship between the United States and Saudi Arabia, and the contradiction between the United States and European allies has further deepened due to the refugee problem, at this stage, the future situation in the Middle East seems to be unfavorable to the United States.

  However, due to the weak international oil price, the national economic difficulties, the unrest in Ukraine and the wave after wave in Syria,The future of Russian "Giant Bear" is not a Ma Pingchuan.

  First of all, the contradiction between goal and strength makes Russia’s military presence in Syria unsustainable.On the one hand, according to western countries’ estimation, Russian military operations in Syria cost 100 million US dollars every day, which is really a big financial burden for a country whose GDP in 2014 was less than 1.5 trillion US dollars. On the other hand, Russia’s military operations have exposed its hidden dangers: Russian planes attack more than 2 times a day, nearly 3 times, and maintain it for many days, which has reached the theoretical limit; Among the Russian frigates launching cruise missiles in the Caspian Sea, the largest type 11661K has a displacement of 1930 tons, and the smallest type 21631K has only 560 tons, all of which are light frigates. In contrast, the displacement of the Type 052C destroyer and the Burke-class destroyer in China and the United States performing similar tasks is 7,000 tons and 9,000 tons respectively. This can be seen from the double embarrassment of the Russian army in finance and technology.

  Secondly, it is easy to stop the war at the beginning, and how to end the war openly tests Putin’s political wisdom.In the protracted tug-of-war, the Syrian government forces have been weakened and unable to launch a large-scale counterattack. Russia is in a dilemma: if it does not dispatch ground troops, the previous efforts will be in vain; If ground troops are dispatched, not only will the war costs soar, but the nature of its military operations will change — — The "anti-terrorism banner" may fail, and may stimulate western countries to increase their involvement. If so, Russia may have to fall into a protracted war, which is the embarrassing situation that countries with financial constraints need to try their best to avoid.

  In addition, Russia’s deep attack on ISIS in Syria may cause extremist forces to rebound and frequently carry out terrorist attacks on Russia to show revenge.According to the British "Times" website reported on November 8, the Russian Airlines crash on October 31 was caused by a bomb placed on board by the Sinai branch of the "Islamic State" organization.

  To sum up, the Russian military’s involvement in Syria has stabilized Russia’s presence in the Middle East to some extent while cracking down on terrorists. However, its strong action did not give Syria the hope of peace, on the contrary, it increased the variables of war. Moreover, due to Russia’s limited national strength and a series of external uncertainties, it is not clear how long this favorable situation can last. (Ma Yao, Special Research Fellow, School of International Relations and Public Affairs, Shanghai International Studies University)

Kia’s 2025 EV5 technology and welfare blessing drive a new journey of electrification transformation.

In the wave of electrification in the automobile industry, Kia’s listing of 2025 EV5 at Guangzhou Auto Show showed its firm determination to accelerate its transformation. This car is a key part of Kia’s strategic layout and injects new vitality into the new energy market.

From the product matrix, the 2025 EV5 is of great significance. It has built a huge system covering 12 vehicle versions, 9 exterior color schemes and 5 interior color schemes. Whether it is the 530km standard endurance version, the 720km long endurance version or the high-performance GT-Line version, it meets the diversified travel needs of consumers. Among them, the 720 Light entry model makes high-quality green travel more accessible at the price of 174,800 yuan, while the EV5 GT-Line offers new choices for users who pursue performance at the price of 214,800 yuan.

In terms of battery life and recharge, the standard battery life version is equipped with a 64.2kWh battery pack, and CLTC has a battery life of 530km;; The 720 long-life version of the 88.1kWh battery pack can achieve 720km battery life, and it only takes 27 minutes to recharge, effectively alleviating the battery life anxiety of users. The design of the front spare box 67L, the zero-gravity relaxing seat and the rear 0 flat folding seat optimizes the interior space and comfort.

In terms of intelligent technology, the 27-inch integrated triple screen and the 11.3-inch HUD head-up display create a "four-screen linkage" experience. In-depth cooperation with Baidu and Tencent, built-in dozens of apps to improve travel convenience. L2+intelligent driver assistance system includes 18 highly intelligent driver assistance configurations to ensure driving safety.

Interior and configuration upgrades highlight quality. Add blue-gray interior color matching, leather wrap for steering wheel, all-plant leather for seats and doors to create an advanced cockpit. Matte multi-function touch button panel, hidden electric automatic door handle, electric folding of exterior rearview mirror and other configurations enhance convenience and sense of technology.

For EV5 GT-Line, the system, maximum power of 233kW and peak torque of 480N·m give it strong power. Exclusive two-color appearance, black and white two-color and ebony black monochrome interior, with Harman Kardon sound system (8 speakers) and 20-inch aluminum alloy wheels, to meet the young consumers’ pursuit of high performance and fashion.

At the marketing level, Kia prepares multiple benefits for car buyers. The lucky draw won a 4-day and 3-night free luxury experience tour of the Australian Open, as well as 0 down payment, 3-year zero interest (financial discount up to RMB23,000), 5-year or 100,000-kilometer warranty for the whole vehicle, 8-year or 150,000-kilometer warranty for Sanpower, and a subsidy of RMB20,000 for car trade-in, with a comprehensive benefit of RMB60,000, which reduced the cost of car purchase.

As a gift for Kia’s 80th anniversary, the 2025 EV5 inherits excellent quality, accelerates Kia’s electrification transformation in China, implements the strategy of "in China, for China", and brings consumers a travel experience beyond expectations.

Ji ‘an BMW i4 is on sale! The latest offer is 326,900 yuan, which is special for a limited time.

[car home Ji ‘an Preferential Promotion Channel] At present, preferential promotion activities are being carried out in Ji ‘an area, with the highest preferential margin of 132,000 yuan and the lowest starting price of 326,900 yuan. If you are interested in BMW i4, it is suggested that you act as soon as possible, and click "Check the car price" in the quotation form to get a higher discount.

吉安宝马i4正在优惠!最新报价32.69万,限时特惠

The exterior design of BMW i4 is dynamic and futuristic. The front face adopts the iconic kidney-shaped air intake grille, but unlike the traditional BMW model, the i4 grille is designed to be closed, aiming at reducing wind resistance and improving energy efficiency. In addition, the front face is also equipped with a sharp LED headlight group, which has a unique shape and enhances the overall sense of science and technology. The overall body lines are smooth, extending from the front to the rear, outlining a dynamic posture of sprinting forward. The waistline on the side is simple and powerful, with low body posture and large wheels, which highlights the sports gene of BMW i4. The tail design is also simple without losing the sense of strength, and the taillights are designed through, which further strengthens the sense of technology and visual impact. On the whole, the design of BMW i4 not only shows the classic elements of BMW brand, but also incorporates the unique style of electric vehicles in the new era.

BMW i4 has a body length of 4785mm, a body width of 1852mm and a body height of 1455mm, with a wheelbase of 2856mm, a front track of 1601mm and a rear track of 1630mm. The side lines of the car body are smooth, with 18-inch rims, and the front tires with 245/45 R18 specifications and the rear tires with 255/45 R18 specifications are adopted, showing a dynamic and elegant design style.

吉安宝马i4正在优惠!最新报价32.69万,限时特惠

The interior style of BMW i4 adopts the modern and luxurious design concept, and the whole interior space is full of sense of science and technology and high quality. The center console is equipped with a 14.9-inch central control screen, which supports the voice recognition control system of multimedia system, navigation, telephone and air conditioning, and enhances the human-computer interaction experience. The steering wheel is made of leather, and the manual up-and-down and back-and-forth adjustment function ensures the driver’s best grip position. The car is also equipped with USB and Type-C interfaces, and there are two interfaces in the front row and the back row, which is convenient for passengers to charge the equipment. The front seats have heating function and are equipped with electric seat memory function, which can remember the seat position of the driver’s seat. The rear seats can be scaled down, further improving the flexibility of the seating space. The seat material is made of imitation leather, genuine leather, fabric/suede, which increases the riding comfort.

吉安宝马i4正在优惠!最新报价32.69万,限时特惠

BMW i4 is equipped with an efficient and powerful electric engine with a maximum power of 250kW and a maximum torque of 430N·m, which provides excellent power performance and driving pleasure for drivers.

The owner of car home spoke highly of the BMW i4. He specifically pointed out: "Sound insulation is good, power is sufficient, and the appearance is king. I don’t think I will lose my sister Mercedes-Benz when I make the volcanic red interior."

In August, the ranking battle was reborn: the ideal water was cut back, and the world was squeezed into the "over 10,000" camp.

On September 1, in addition to Tesla and BYD, the new force car companies released their sales in the past month. Like last month, the sales ranking of the new car-making forces is full of variables.

Judging from the existing rankings, Nezha Auto and Zero Run Auto continue to lead, Weilai Auto has stabilized its sales in August, Xpeng Motors’s performance is slightly weak, and LI is seriously behind. In addition, the growth rate of Ai ‘an, AITO and Krypton is particularly rapid.

Ai’ an and Nezha are in the upper position, and Wei Lai stabilized in August

In the past August, the sales volume of Ai ‘an once again broke 20,000. According to the sales data released by Ai ‘an, the overall sales volume in August was 27,021 vehicles, a year-on-year increase of 133%, reaching a new high. From January to August, the cumulative sales volume has reached 152,305 vehicles, a year-on-year increase of 134%.

Nezha Automobile continued to outperform Weixiaoli, delivering 16,017 vehicles, up 142% year-on-year. Among them, 5,781 vehicles were delivered by Nezha U Car Series and 10,236 vehicles were delivered by Nezha V Car Series. Excluding Nezha’s ability to make money, it is a "dark horse".

The zero-running cars that followed closely in August delivered a total of 12,525 vehicles, exceeding 180% year-on-year. Monthly delivery ranked second, hitting a record high in April. At the same time, the cumulative delivery volume from January to August 2022 also reached 76,563 vehicles, rising from the fourth place to the third place.

Weilai Automobile delivered a total of 10,677 new cars in August, up 81.6% year-on-year and 6.22% quarter-on-quarter. Compared with the delivery volume in June and July this year, the month-on-month increase in August was not significant, but the delivery volume showed a warming trend.

From January to August this year, Weilai delivered a total of 71,556 new cars, a year-on-year increase of 28.3%. By the end of August, Weilai vehicles had delivered 238,626 vehicles. According to the official, the 2022 ES8, ES6 and EC6 equipped with Alder intelligent system and the new car Weilai ES7 have been delivered one after another, and the delivery of the intelligent electric flagship car ET7 is also stepping up. Weilai’s product switching season has basically ended this year.

On the whole, Weilai can’t be said to be brilliant in August, but at least it stabilized its sales after completing the product update.

Tucki’s promotion is also weak, and I want to roll myself.

Compared with Weilai, Tucki and the ideal new and old models have a greater response.

In August, Xpeng Motors delivered a total of 9,578 vehicles, ranking lower. Although it increased by 33% year-on-year, the chain decreased by 16.89%. Among them, Tucki P7 delivered 5,745 vehicles, Tucki P5 delivered 2,678 vehicles and Tucki G3 series delivered 1,155 vehicles. At the same time, the cumulative delivery volume in the first eight months of this year was 90,085 vehicles, which has been surpassed by the cumulative delivery volume of automobiles in Nezha.

It is worth noting that this is the result of Tucki’s price reduction promotion since July. In June and July this year, the monthly sales volume of Tucki was 15,295 and 11,524 respectively, and the result of less than 10,000 vehicles in August showed that low-key price reduction could not stop its downward trend.

At the same time, there may also be reasons for the listing of new cars. According to the plan, Tucki G9 will be officially listed in September this year and is expected to be delivered in October. Therefore, although Jin Jiu has entered this month, Tucki may still be under pressure.

Compared with Tucki, LI’s sales volume in August hit a new low since the delivery of 4,323 vehicles in May 2021.

LI delivered a total of 4,571 vehicles in August, down 52% year-on-year and 56% quarter-on-quarter. The cumulative delivery volume this year is 75,396 vehicles. Among the five mainstream new energy vehicle companies, the delivery volume of LI dropped the most in August, compared with 10,422 vehicles in July.

There are roughly two theories on the market about the reasons for the sharp decline in ideal sales. First of all, there are many competing products for new cars recently, and both M7 and Tengshi D9 may shake the users who were originally optimistic about their ideals.

Secondly, the mode of "only relying on ONE model to conquer the world" in LI has been broken. After the ideal L9 goes on the market, it may cause users in Li ONE to choose upwards. However, Ideal delivered the flagship SUV Ideal L9 in August, but the new car was delivered only on August 30th, which contributed little to the sales of that month.

At the same time, the L8, LI’s third production car with similar positioning to Li ONE, will be released soon. Shen Yanan, co-founder and president of LI, said that the Ideal L8 will be released in early November this year, and the delivery will start in the same month. This has led some ideal car owners to choose to wait and see, and to understand it from another angle is also the result of their ideal self-volume.

AITO asked the world to break through ten thousand, and krypton followed closely.

AITO, which has also received much attention, has seen a rapid increase in sales under the blessing of Huawei. Aito delivered 10,045 vehicles in August, up 12,778% year-on-year and nearly 40% quarter-on-quarter, and its sales volume exceeded 10,000 vehicles for the first time.

At present, there are two models on sale in the world: M5 and M7, of which the first batch of delivery was started on August 24th. Last month, Cyrus sold more than 10,000 yuan, or mainly M5, and at the same time, it also relied on Cyrus Phoenix Factory to start production, which released some sales of M7.

Geely Automobile’s Krypton also caught up in August. The sales volume reached 7,166 vehicles, up 42.7% from the previous month, and the cumulative delivery reached 37,205 vehicles.

Although there is only one model of Krypton 001 on sale at present, its delivery volume is also increasing step by step. The official also revealed that after the order of Krypton 001 broke through 10,000 in April and July, the large order of Krypton 001 (a non-refundable deposit of 5,000 yuan) continued to break through 10,000 in August.

In addition, Dongfeng’s Lantu delivered a total of 2,429 new cars in August, up 495% year-on-year and 35% quarter-on-quarter. Lantu did not announce the total sales volume this year, but only revealed the cumulative delivery volume of 17,891 vehicles since the first delivery in August 2021. Zhiji, a subsidiary of SAIC, sold 1,007 vehicles in August. Since the nationwide delivery was started in mid-June, Zhiji L7 has delivered 2,058 vehicles, ranking at the bottom of the list.

As can be seen from the delivery volume in August, some new energy vehicle companies are still happy and some people are worried, the ranking is once again disrupted, and the competition is intensifying. Their fluctuating sales also suggest that there are still many uncertainties in the auto market in the second half of the year.

Huge loss of 5.2 billion! The originator of new energy who "eats soft rice" is disliked by his father and mother.

Text/Jin Cuodao Channel

"Sometimes believing in BYD is a nightmare for me!"

Recently, the iGO car rental platform in Shenzhen bombarded the giant BYD "store bullying customers".

The founder of iGO issued several denunciations on rights protection, frankly saying, "Because I believed in BYD, I lost more than 600 million yuan, and the company was on the verge of bankruptcy."

IGO founder’s condemnation of rights protection

In fact, the real problem is not BYD, but the joint efforts of BYD and Mercedes-Benz-Tengshi automobile

This "pro-son" who has been transparent for 12 years has been out of the circle one after another because of a series of dramatic events.

Not long ago, Tengshi also engaged in a dual-gun charging technology. One car occupied two charging piles, allowing netizens to shout "I met someone directly."

Tengshi double gun charging technology

Tengshi is a new energy brand, but it is by no means a new brand.

Weilai was born in 2014, and the ideal was born in 2015. Tucki only launched its first car in 2016, but Tengshi was established in 2010.

In the past seven years, Tengshi has sold a total of 20,000 vehicles with a loss of more than 5.22 billion.

Roughly speaking, for every car Tengshi sells, the company loses nearly 220 thousand.

Tengshi brand release

However, the new energy vehicle companies that forced themselves into bankruptcy and liquidation grabbed a lot, but the only one that forced others’ platforms was Tengshi.

What did BYD’s "son" do?

"I believe in BYD,
It was a nightmare I had! "

Wu Jianming, the founder of iGO, was once a big customer of Tengshi Automobile.

Tengshi sold a total of 2,287 vehicles throughout 2016, and this year, iGO sold 1,033 vehicles in one breath, which is definitely a facade for Tengshi.

As an absolute big customer of Tengshi Automobile, why did you suddenly turn your face?

IGO founder asks for help

In 2016, car sharing was in full swing. iGO bought more than 1,700 BYD electric vehicles, which cost more than 400 million yuan.

Among them, 1033 Tengshi 300 were the first mass-produced cars in Tengshi that year.

I didn’t expect that after about a year on the line, there were a lot of car returns and complaints on the platform, all because of the big problems in the most important parts of electric vehicles-Batteries.

Boss Wu speaks out to defend his rights

Boss Wu said that Tengshi’s official publicity can reach 300 kilometers, but in fact, the general driving can only reach about 150 kilometers.

This fatal endurance problem has led to either no one renting a car or basically returning it after renting it, resulting in a total loss of 600 million yuan.

During this period, Mr. Wu kept communicating with Tengshi, asking for maintenance or replacement of the battery, but Tengshi was very good, always on the high side, very arrogant, and never replied.

Boss Wu defends rights

Now, iGO has taken all BYD Tengshi off the assembly line, but the company is also facing bankruptcy, which led to boss Wu’s unbearable denunciation of Tengshi’s "biological father" in the video:

We think it is very shameful for BYD to take advantage of the store to bully customers.
As a native of China, I respect and support BYD brand, which is a national brand. But as a consumer, it is an endless nightmare …

Everyone believes that it is indeed because of BYD that it is not famous.

When Tengshi was born, Wang Chuanfu, the founder of BYD Group, publicly said: "As the children of Daimler and BYD, Tengshi Automobile is a brand born on the shoulders of giants."

At this time, BYD wants to acquire Mercedes-Benz’s advanced car-making technology through cooperation and transform into a high-end one. Daimler, a foreign giant, hopes to enter the new energy vehicle market in China through cooperation.

Wang Chuanfu and Daimler

Under echo each other, Denza Tengshi, the first brand of new energy vehicles in China, was born.

According to the agreement between BYD and Daimler, Tengshi Automobile is provided by BYD, the "father", and Daimler, the "mother", is responsible for the production and manufacture of the whole vehicle.

Moreover, instead of starting from the diaosi car king, I confidently typed a few words directly on PPT at the press conference:"Only provide new energy luxury cars!"

Tengshi auto conference site

At that time, in order to help Tengshi new car, Huawei CEO Yu Chengdong and LI founder Li Xiang successively received the "key" from Tengshi management and became the early owners of Tengshi car.

The outside world is extremely optimistic about this hybrid, and the media’s praise for Tengshi is even more absolute:

"If Tesla wants to shine in the electric vehicle market in China, it has to pass the Tengshi level."

media coverage

Ten times to save the "prince",
Still the last one.

What are the three core trump cards for manufacturing new energy vehicles?

Capital, technology and qualification.

Tengshi automobile was a rare three trump cards at that time, and there was nothing lacking-lack of money, BYD and Daimler rushed to send it.

Since the establishment of the brand, both BYD and Daimler have increased capital and "transfused" Tengshi Automobile for dozens of times.

In 2012, it was increased by 900 million, in 2013 by 860 million, in 2017 by 1 billion and in 2018 by 800 million. …

Lack of qualification, BYD, the earliest new energy tycoon in China, opened the way.

Lack of technology, when encountering insurmountable project problems, Daimler will send technical experts from the R&D department in Beijing or even from the German headquarters to solve the problems, and will invite the third-party technical team in Germany to join the solution.

But this most favored "half-blood", the academic performance is always the tail of the crane.

In 2015-2021, Tengshi automobile sales rose from 2,800 vehicles a year to 4,783 vehicles. In seven years, a total of more than 20,000 vehicles were sold, that is, the sales volume of the new force of making cars in the head for one month.

This embarrassment is not embarrassing, of course, there are more embarrassing.

In 2016, Tengshi Automobile’s annual sales volume was 2,287 vehicles, down 25.9% year-on-year, ranking first in the sales ranking of 69 car companies nationwide.

The car body is inlaid with "Daimler Group Joint Design and Manufacture"

This kind of sales data, as well as unimaginable losses, is obviously not an insignificant problem compared with the two big trees behind it.

1, high starting point, has become the soft underbelly of Tengshi.

Take Tengshi 300, which was listed in 2014, the starting price of 369,000 yuan has not been recognized by consumers, and the annual sales volume is around 2,000, which is a mess.

When it came to Tengshi 400, Tengshi said that the cruising range reached 400 kilometers, but the price also rose with it, directly breaking through 400,000.

Even if you can buy more than 300,000 yuan after the subsidy, you can already buy a luxury brand B-class car with medium and high quality.

Tengshi electric locomotive at the exhibition

The practice of "replacing oil with electricity" for Mercedes-Benz shell replacement products has brought about the evaluation of "four unlike".

2, the pricing is too arrogant, users do not buy it.

The three brothers who failed Tengshi, and the most famous Tengshi 500.

This Tengshi 500 is indeed out of the circle, and it was spit out by netizens."The ugliest electric car in history".

Tengshi 500 is called "the ugliest electric car in history"

To tell the truth, the modeling is really not bright, neither smart nor fashionable; Netizens gave an "ugly" evaluation one-sidedly.

Some netizens bluntly said that "300,000 drivers are as long as 60,000", and the face value and price are seriously mismatched.

Netizen tucao

Let’s talk about the battery technology, the core of Tengshi’s mid-to-high-end electric vehicle. The lithium iron phosphate battery technology used by Tengshi 500 is of course quite different from the ternary lithium battery commonly used in electric vehicles.

Several characteristics of Tengshi automobile’s poor face value technology, coupled with the arrogant pricing of 300 thousand yuan, finally suffered in sales.

Tengshi 500 pricing

The sales of several thousand vehicles a year, including bulk purchase by IGO and local taxi companies, shows how unpopular Tengshi automobile is in China’s new energy market.

As a hybrid of BYD and Daimler, let alone let Tesla tremble, but first lost to the unknown companies such as Yongyuan Automobile and Fujian Qiteng.

BYD’s foundation, Mercedes-Benz’s face, consumers do not buy it.

Struggling for 12 years,
Is it disappointing or too lazy?

Wang Chuanfu’s biggest loss is Tengshi Automobile.

However, Mercedes-Benz is not so patient, and it has been reported internally that "Daimler hopes to terminate Tengshi project and stop investing in this project."

Sure enough, Daimler transferred its large stake to BYD at the end of last year. In the past, the shareholding ratio was 1:1, but now it is changed to 1:9.

Basically gave up custody of this bad-hearted child.

Wang Chuanfu attended the auto show with Tengshi Automobile.

Byd thinks it can still kill.

Recently, Tengshi has been fully "di Hua". Zhao Changjiang, the former general manager of BYD Sales Company, became the general manager of Tengshi Sales Division.

The first bomb to make a comeback is a high-end new energy MPV, which is the "double-gun charging" momentum D9 mentioned at the beginning. Recently, Zhao Changjiang has been active in Weibo like a fake number, and he is definitely a conscientious propagandist of D9.

Zhao Changjiang’s propaganda

In knife elder brother’s view, it is biased for iGO to attribute all the loss of 600 million yuan to Tengshi. After all, the shared travel field is hard, and the limitation of its own business model of car time-sharing is the main reason for bankruptcy.

The battery problem of Tengshi 300 may be one of the inducing factors, but it may not make sense to put all the responsibilities on BYD.

IGO engaged in public opinion rights protection at this time, perhaps out of "scraping traffic for survival".

IGO safeguarding rights by public opinion

But this can’t hide the momentum of "eating soft rice". It’s really too lazy.

The establishment of Tengshi Automobile, from Daimler’s point of view, takes Tengshi brand as an experiment to explore the new energy automobile market in China.

I hope to study the market, understand users’ needs, and accumulate experience for them to explore the new energy vehicle market in China in the future.

From BYD’s point of view, it is hoped that through the joint venture with Daimler, it will improve its ability in automobile design and development, process control and quality standards, and at the same time export its own core technology of new energy vehicles.

Obviously, during the joint venture, the parents’ goals have been achieved.

In contrast, Tengshi’s purpose is much worse. All aspects have made a lot of mistakes. It is not easy for products, brands, marketing and channels to fail completely like this.

For example, in order to correct the problem of insufficient Mercedes-Benz, Tengshi X incorporated more Mercedes-Benz designs into BYD Tang EV600, and even put "Mercedes-Benz Design" on the nameplate of the car body, and incorporated it into the sales network of Mercedes-Benz.

As a result, this "masterpiece" only increased Tengshi’s annual sales from more than 2,000 vehicles to more than 4,000 vehicles.

Former press conference site

The reality is that the joint venture is no longer a gold-lettered signboard, let alone a joint venture.

Especially in the field of new energy, it is not as convincing and follow-up as trying to engage in technology.

Before becoming Tesla’s number one nemesis in China, we must first solve our own "too lazy" injury.

This is a problem of tengshi, and it is also a common problem of new energy.

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Author |Zhang Yiqi