The vast universe adds another "China star", let us remember this group of lovely Shanghai astronauts when looking at the starry sky

From today, there is another Chinese satellite in the vast space. In the early morning of November 15, the fourth star of our country’s second-generation polar-orbiting meteorological satellite Fengyun-3 was successfully launched in Taiyuan. And this star, like the other 15 Fengyun meteorological satellites launched by our country, embodies the glory and dream of Shanghai astronauts.

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Compared with its three "older brothers", Fengyun-3D satellite can be said to have undergone a reborn change. A variety of payloads have been upgraded, and infrared hyperspectral atmospheric detectors, hyperspectral greenhouse gas monitors, and wide-angle aurora imagers have been added, thus gradually meeting the growing new needs of atmospheric detection accuracy, greenhouse gas monitoring capabilities, and comprehensive space environment detection capabilities in the meteorological field. At the Shanghai Academy of Aerospace Technology, the reporter heard the story behind this brand new "China Star".

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Busy as if obsessed

The Fengyun-3 D-star is loaded with a total of 10 payloads. Compared with the C-star, the D-star has added 4 payloads, and there are 2 that have improved performance and upgraded. Many people think that the Fengyun-3 D-star is a mature model, but the indicator of the 6 new payloads is to reach the international advanced level. The technical status is complex and the development progress is extremely tight.

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"The high-precision 250-meter split window of the medium-resolution spectral imager is the first in the world, the signal-to-noise ratio of the hyperspectral greenhouse gas monitor in the same spectral range is twice as high as that of GOSAT, the infrared hyperspectral atmospheric detector is consistent with the CrIS index, and the wide-angle aurora imager and ionospheric photometer are both developed for the first time in our country…" Li Yefei, the general director of Fengyun No. 3, used a series of first conveys the extraordinary "origin" of the D star.

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The six new loads all start from the plan, go through the initial prototype development, and then go through the normal development. The determination of each technical status has to go through countless technical coordination. In the project implementation stage, each load has to sign the interface data sheet, and each load has mandatory inspection points, calibration tests, and ring mold tests.

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"Sometimes it’s like being obsessed with something all day long. If you say you go to work overtime, you go to work overtime, and if you say you go to work at home, you leave. We really don’t understand." Zhao Qichang, the chief designer of Fengyun No. 3 D star payload, missed the first enrollment of his three-year-old son while working overtime. Faced with his family’s complaints, he can only make up for his "sins" by doing more housework and smiling more.

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It cannot be looked down upon abroad

With so many new payloads facing such a short development cycle, the progress of the whole satellite is facing challenges, and the progress of the infrared hyperspectral atmospheric detector and the medium resolution spectral imager is particularly tight. "In the first half of 2015, we had to go to the payload unit every day to follow the production, and over time, this batch of designers and the payload unit designers also established a special friendship." Zhao Qichang recalled this period of time deeply.

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The biggest feature of the Fengyun-3 D satellite data is the global broadcast. Scientists in the global meteorological field are using the Fengyun-3 data, and any problems will be exposed in front of people all over the world. Therefore, the user’s product quality and data quality requirements for the D satellite can be described as "abnormal", from data preprocessing to data application are unmatched by other satellite users, which requires the team to also have data processing capabilities and cannot be underestimated by foreign countries.

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The Shanghai Aerospace Technology Team started from the original code of the data to analyze, calculate the sensitivity, signal to noise ratio, calibration accuracy, stability, linearity of the instrument, etc., and compare, discuss, negotiate, and finally agree with the user and the load undertaking unit. Users also often praise the Fengyun team as a generalist, not only understanding machines, heat, light, electricity, magnetism, and mechanisms, but also data processing, which is really amazing. However, these are all completed under the condition that the Fengyun team is understaffed. With such a limited number of people, it is really not easy to be both "father" and "mother". But when the satellite is operating stably in orbit, the payload data plays a role in the national economy and people’s livelihood, and international colleagues talk about the evaluation of Fengyun-3’s significant contribution to the world’s numerical weather forecasting, all the ups and downs in the process are nothing.

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Overcoming micro-vibration difficulties

Fengyun-3 D satellite is loaded with more than ten loads and more than ten moving parts at the same time. The abnormally complex vibration environment leads to an abnormally prominent contradiction in the dynamic compatibility of the star. If you don’t pay attention, the wish of one-star multi-function will not only not be realized, but multiple loads will interfere with each other. In particular, the loaded interferometric infrared hyperspectral detector is the first application on our country’s low-orbit remote sensing satellite. It has the advantages of high spatial resolution and high spectral resolution. Even small vibrations greatly reduce its performance.

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"In order to solve the dynamic compatibility problem of multi-load coexistence, provide an ultra-quiet working environment for sensitive load detectors, and improve the accuracy of infrared hyperspectral load detection, we developed a micro-vibration monitoring and suppression system, and applied the’liquid damping vibration isolation ‘technology on domestic remote sensing satellites for the first time to achieve resonant peak and high-frequency vibration suppression." Liu Xingtian, the general development unit of Fengyun Satellite, Shanghai Aerospace 509 Institute, is also a direct participant in the research of micro-vibration monitoring and suppression technology, and has a fresh memory of the process of micro-vibration research.

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After the research and demonstration of the on-board dynamic spectrum characteristics, the potential mutual interference between the loads was effectively avoided. At the same time, the development of the relaxed "liquid damping vibration isolation" technology can not only effectively control the magnification at the resonance peak, but also attenuate the high-frequency vibration by more than 90%, overcoming the technical problems of traditional passive vibration reduction. At the same time, the research team repeatedly carried out a series of comparison tests, parameter adjustment one by one, and test verification one by one, finally ensuring the harmonious coexistence of multiple loads in orbit and ensuring the imaging performance of the satellite.

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As a new generation polar-orbiting meteorological satellite in our country, since the launch of Fengyun-3 in 2008, its satellite remote sensing data has provided an important basis for national and local government decision-making. It has played an important role in the meteorological service guarantee of major events such as the "Belt and Road Initiative" International Cooperation Summit Forum, the 13th National Games, the 9th BRICS Leaders’ Meeting, and the 19th National Congress of the Communist Party of China.

The movie version of "Hua Qiangu" is hot, the director apologizes, and the producer Zhao Liying speaks out


1905 movie network news Recently, the movie version was released in theaters for 5 days, and the cumulative box office was only 5 million. On the second day of the film’s release, the film director recorded a video apology for the unsatisfactory box office results. He expressed his surprise and guilt, "I feel sorry for the producers and team partners, and I feel that my efforts and efforts for more than 4 years have not been rewarded."


According to the Lighthouse Professional Edition data show that the film was released on the first day of the box office 2.996 million, the film accounted for 11.5%, the attendance rate is only 1.3%, at present, the film AI predicts the total box office is 6.456 million, and the pre-screening media predicts the box office 17 million – 40 million far away.


The director’s apology video hit the hot list, triggering a heated discussion. Judging from the reaction, netizens did not buy the apology, and even thought that the director’s apology was more like a last resort for sad-fishing and increasing attention to the film. Some viewers who had seen the movie called it the first bad movie in 2024 and "the first bad movie in the beginning of the year".


Afterwards, the starring actor of the drama version posted a blog in support of the release of the movie version of "Hua Qiangu", "First in nine years, support producer Sister Tang".Producer Tang Lijun isThe producer of the movie version of "Hua Qiangu" is also the producer of the drama version. She sent a long article to share the mental journey of the drama version and the movie version of "Hua Qiangu" from preparation, casting to shooting.


Referring to the current controversy facing the film’s release, she said, "The box office is too far from what we expected, but we are still working on it. We have also seen the attention from all parties to’Hua Qiangu ‘, including affirmation and criticism. As the producer of this film is also the producer of the drama version, I would like to say that our film does have some flaws, but the entire creative team, including the actors, are full of awe and love for art."


It is reported that the fantasy film "Hua Qiangu" directed by Zhang Chaoli, starring,,, etc., tells the story of the girl Hua Qiangu’s struggle with fate, eventually finding herself and harvesting pure love.

Equipped with a new generation of Raytheon Hybrid, Geely Galaxy L7 will be available on May 31

  On May 24, Geely Automobile officially announced that its Geely Galaxy L7 will be officially launched on May 31, and the new car has been officially rolled off the production line at Geely Baoji Manufacturing Base. The new car is built on the e-CMA architecture, adopts the new design language of "Galaxy Ripple Aesthetic Design", and is fully equipped with Geely’s latest Aegis battery safety system, a new generation of Raytheon hybrid technology and a new automotive operating system Galaxy N OS.

Equipped with a new generation of Raytheon Hybrid, Geely Galaxy L7 will be available on May 31 _fororder_image001

Equipped with a new generation of Raytheon Hybrid, Geely Galaxy L7 will be available on May 31 _fororder_image002

  As a hybrid model, the front face of the new car does not have the previous complicated front grille, but replaces the simple front face design similar to the pure electric model – behind this, the Geely Galaxy L7 adopts three-layer water cooling technology and a compact 3DHT design, which makes it possible to close the front cabin. The daytime running lights are integrated into the elements of "cornice bucket arch", the two sides are raised, and the middle part is narrow and long.

Equipped with a new generation of Raytheon Hybrid, Geely Galaxy L7 will be available on May 31 _fororder_image003

  The new car has smoother lines and more aggressive rim design; the two-tone body also shapes the floating roof, which is very dynamic. The new car has a 2785mm wheelbase and a body length of 4700mm, which lays a better foundation for the inside of the car and the trunk space.

Equipped with a new generation of Raytheon Hybrid, Geely Galaxy L7 will be available on May 31 _fororder_image004

  The large through taillights that extend from the rear fenders to the rear are very recognizable. The luminous logo hidden in the taillights is also very good. The rear is designed with an aerodynamic package of the roof and rear bars, which is consistent with the dynamic style of the whole vehicle.

  In order to satisfy different users, the new car has six color schemes: dawn white, midnight black, dawn gray, clear sky blue, twilight mountain purple, and galaxy colorful white. It is worth mentioning that Geely Galaxy L7 has the world’s first mass-produced colorful white car paint, and it is also the world’s first time to conquer the application of TiO2 mass-produced car paint. It adopts a nano-scale double-layer paint spraying process, one layer is the whitest white on earth – TiO2 color paint layer, and then a layer of film formed by mixing TiO2 and SiO2 to form a nano-scale grating structure. The multiple reflections of light restore the brilliance of the galaxy.

Equipped with a new generation of Raytheon Hybrid, Geely Galaxy L7 will be available on May 31 _fororder_image005

  The interior of the new car cabin is joined with Jingyao Star Ring light curtain ambient light, 3D texture lighting board, and also uses the industry’s first three-dimensional relief two-color injection molding process, the visual effect is more transparent. 10.25-inch instrument + 13.2-inch central control screen + 16.2-inch passenger screen + 25.6-inch AR HUD, four-screen intelligent interaction, to meet the intelligent experience of the whole car. The interior color scheme includes black jade, light brown, and sky white, which can be selected by the user. Zhiai cockpit uses Geely Galaxy L7 standard 8155 flagship cockpit chip at the hardware level, 7nm process, 128G storage memory, and super computing power, which provides a basic guarantee for the fast interactive experience of the new Galaxy N OS car system; Geely Galaxy L7 also has super cloud computing power support from Xingrui Smart Computing Center. Xingrui Smart Computing Center can realize 3.50 million smart cars online in real time, with a total computing power of 8.10 billion billion times per second in the cloud, which can fully empower Geely Galaxy L7 in the fields of intelligent networking, intelligent driving, and new energy security. In addition, Galaxy N OS also fully adapts all the APPs on board to make the operation smoother.

Equipped with a new generation of Raytheon Hybrid, Geely Galaxy L7 will be available on May 31 _fororder_image006

  In terms of software, the Geely Galaxy L7 Smart Love cockpit is equipped with Geely Galaxy’s exclusive native smart cockpit system – Galaxy N OS, which realizes a smooth car experience of "second opening, second starting, second touch, second response". Among them, when the door is powered on, the hot start speed only needs 2s. At the same time, the desktop cards and applications of the system can be dragged and added independently, and the global can be customized. And Keyword Spotting only needs 0.5s, and also supports multi-tone recognition and continuous deep dialogue.

Equipped with a new generation of Raytheon Hybrid, Geely Galaxy L7 will be available on May 31 _fororder_image007

  In addition, Geely Galaxy L7 has prepared "independent spaces" for different passengers. Through the independent sound zone of the main and co-pilot, the co-pilot can wear a Bluetooth headset to watch movies immersively, and the main driver can enjoy the sound of the car and the headrest; the sound of the co-pilot screen can also be played through the car stereo, and the main driver can play navigation and driving warning sounds through the headrest stereo; the main driver can also listen to music/navigation through the headrest stereo, and the whole car can be silenced to ensure a quiet rest for the co-pilot.

  The new generation of Raytheon hybrid technology was first installed on Geely Galaxy L7, with a new generation of Raytheon hybrid engine B-Plus with the highest thermal efficiency of 44.26% in the world, which can achieve ultra-low power loss fuel consumption (WLTC condition) of the same level with a minimum of 5.23L – and can also achieve a comprehensive battery life of up to 1370 kilometers in CLTC conditions, without worries for long-distance travel.

Equipped with a new generation of Raytheon Hybrid, Geely Galaxy L7 will be available on May 31 _fororder_image008

  In addition, there is a fully evolved 3 DHT Pro variable frequency electric drive, which is the world’s first intelligent electric drive to achieve P1 + P2 dual motor overclocking drive. When stepping on the accelerator deeply, the P1 motor can assist in driving, and can also realize ejection start, release more kinetic energy reserves, accelerate 6.9s for 100 kilometers; the extremely fast power response of the electric drive system allows users to obtain a more extreme electric driving experience. The PCM electric drive control system equipped with Geely Galaxy L7 can realize 300 million speed calculations per second, and 20 intelligent working conditions such as series, parallel, and hybrid can be quickly switched within 0.2 seconds. This set of power really solves the problem of "energy saving but not performance" of traditional hybrid products.

  The new car introduces the Aegis battery safety system created by Geely and exclusive to Geely Galaxy. The technology includes a ten-grid architecture patent, cage protection for the whole vehicle, fast charging safety and worry-free, maternal and infant radiation protection, battery acupuncture does not catch fire, battery pack explosion-proof design, BMS3.0 "battery doctor" intelligent control system, Xingrui intelligent computing center 24-hour cloud guardian and other software and hardware designs to fully protect the battery. (Geely Galaxy, for pictures)

Huawei will upgrade the new M7 by 500 million yuan, and support NCA in urban areas nationwide by the end of the year.

  Yesterday (September 12th), Huawei held the launch conference of AITO’s new M7 series in Shanghai. The new car launched five models with five seats and six seats, with the price range of 249,800-329,800 yuan. Yu Chengdong said: "We have invested 500 million yuan in the new M7 series of AITO, using solid materials and the best technology, bringing users the ultimate experience that is more advanced than far ahead."

  In addition, Yu Chengdong also introduced that the new M7 in Wenjie also has a stronger intelligent driving and a smarter intelligent cockpit. It is expected that in December this year, the urban intelligent driving pilot assistance (urban NCA) will realize the "intelligent driving experience that can be opened all over the country, and the more it is opened, the better it will be opened". At the same time, the new M7 has an ultra-low drag coefficient of 0.298Cd, giving consideration to endurance and power. "The acceleration performance is equivalent to 4.0T, but the fuel consumption is only equivalent to 1.5T".

  Yesterday (September 12th), Huawei held the launch conference of AITO’s new M7 series in Shanghai. The new car was positioned as the "250,000-class best large-scale smart luxury SUV". With brand-new design and technology, five models with five seats and six seats were launched. The price range was 249,800-329,800 yuan, and you can enjoy the right to buy a car at 33,000 yuan.

Photo courtesy of enterprises

  Yu Chengdong, managing director of Huawei, CEO of BG and CEO of BU, a smart car solution, said at the press conference: "We have invested 500 million yuan in the new M7 series of AITO, using solid materials and the best technology, making it not only an intelligent cockpit ceiling, but also an intelligent driving ceiling and an intelligent safety ceiling. In invisible and visible places, it brings users the ultimate experience that is more advanced than far ahead. "

  Yu Chengdong introduced that the new M7 in Wenjie also has a stronger intelligent driving and a smarter intelligent cockpit. The new car is equipped with HUAWEI ADS 2.0 advanced intelligent driving system, which is the first to realize high-speed and urban advanced intelligent driving independent of high-precision maps. It is expected that in December this year, the urban intelligent driving pilot assistance (urban NCA) will realize the "intelligent driving experience that can be opened all over the country and opened better and better".

Photo courtesy of enterprises

  In terms of hardware, the new M7 is equipped with 27 sensing hardware, including 1 overhead lidar, 3 millimeter-wave radars, 11 high-definition visual sensing cameras and 12 ultrasonic radars, to realize full-scene and all-weather sensing of dynamic and static targets. Based on the ability of multi-sensor fusion perception, the new M7 in Wenjie also has the intelligent parking ability of visible parking, and supports parking in parking service and ultra-narrow parking spaces in the park.

  As the first achievement of the cooperation between Huawei and Celestial in the mode of intelligent selection, AITO has been supported by Huawei in the field of intelligence, so it has ushered in rapid growth in the new energy vehicle market, reaching the peak of monthly sales of 12,000 vehicles in October last year, but its sales suddenly dropped sharply in January this year, and it was not until June that it gradually recovered to the level of 6,000 to 7,000 vehicles. In July this year, Yu Chengdong once said, "In the face of external shocks, we will improve rapidly. This year, we will comprehensively optimize in the fields of retail, service and delivery, and enhance the overall service capability. Sales volume is only the result of a certain development stage, and tomorrow’s capability is based on the existing technology accumulation. Huawei will always maintain high investment in research and development, and constantly use innovative technologies to enhance the user experience."

  Based on this, the new AITO M7, which was built with a heavy upgrade of 500 million yuan, not only upgraded in the field of intelligent driving and intelligent cockpit, but also greatly improved the performance, space design and layout of the body chassis.

Photo courtesy of enterprises

  In terms of driving experience, AITO has upgraded HUAWEI DATSTM 2.0 and front and rear suspension double FSD variable damping shock absorbers. In terms of power, it is equipped with HUAWEI DriveONE extended-range electric drive platform, and the four-wheel drive version accelerates 4.8s per 100 kilometers. Under the condition of full oil and full electricity CLTC, the new M7 has a comprehensive battery life of 1300km and a pure battery life of 240km, and the fuel consumption is as low as 5.6L/100km under the feeding condition. Yu Chengdong said that the new M7 has an ultra-low drag coefficient of 0.298Cd, giving consideration to endurance and power. "The acceleration performance is equivalent to 4.0T, but the fuel consumption is only equivalent to 1.5T".

  In terms of space, the effective space in the new M7 five-seater car in AITO is as long as 3338mm, the trunk is 1100mm deep, and the standard volume can reach 686L, and various modes such as a 2-meter big bed can be switched to match the 52L storage compartment in the trunk. The overall space of the front, middle and rear three rows of the six-seat layout reaches 2605mm, and the whole car is full of seats. There is still 1.1 meters of trunk space and 188L standard volume, which can be expanded to 775L after putting down the rear seats.

  In terms of security, AITO asks the new M7 to give consideration to passive security, active security to avoid accidents, physical security and intelligent security. In terms of passive safety, the new M7 body structure is matched with mold opening, and the welding production line is rebuilt. The submarine-grade thermoformed steel accounts for 24.4%, high-strength steel and aluminum alloy account for 80.6%. In addition, the new car comes standard with eight airbags and front double pre-tensioned seat belts; In terms of active safety, HUAWEI ADS 2.0 can achieve forward, lateral and backward omni-directional anti-collision ability, and the maximum braking speed of automatic emergency braking can be increased to 90km/h, which can reduce 90% traffic accidents caused by inattention and complex road conditions. (China Economic Net reporter Chen Mengyu)

BYD’s "Easy Sifang" black technology concept is active, and the auto sector has multiple daily limit.

  On January 6th, the financial sector reported that the automobile sector had strengthened. Today, Kaida, Junda and Tongda Electric had daily limit, and Aolian Electronics rose more than 13%.

  In the news, on January 5th, BYD’s brand-new high-end automobile brand was officially released, and its core technology "Easy Sifang" was emphatically introduced. It is understood that the "Easy Sifang" technology is BYD’s first mass-produced four-motor drive technology in China, which can accurately control the four-wheel dynamics of vehicles by virtue of the four-motor independent vector control technology and create a brand-new automobile safety technology system.

  Several stocks that took the lead in daily trading on Friday seemed to be related to the concept of "wheel-side motor", and investors asked related listed companies whether BYD’s black technology was related to you.

BYD has made great efforts. Can the goal of 1.2 million vehicles be achieved in the three major car systems of Dynasty, Ocean and Warship?

The most outstanding performance of the domestic automobile market in 2021 is the explosive growth of new energy vehicles under the epidemic situation. In 2021, the total sales volume of new energy vehicles reached 3.52 million 1000 vehicles, up nearly 160% year-on-year, and the annual penetration rate reached 14.8%. Of course, when it comes to new energy, we have to mention BYD, a domestic new energy leader. Last year, the annual sales volume of new energy passenger cars reached 593,745, and the sales volume of all models exceeded 730,000.

BYD can achieve such sales. Jiang Ge believes that it relies on the support of core technologies such as blade batteries and DM-i super hybrid, as well as a rich product line as a carrier. Among them, the top three heroes include the Song family with an annual sales of 200,000 vehicles, the Qin family with 194,000 vehicles, and the Han family with 117,000 vehicles. In addition, there are the help of Tang, Yuan and E nets.

This year, BYD has set itself an annual target of 1.2 million sales. In addition to expanding production capacity, it will further improve its product line. What new cars are there? Can you achieve your goal? Let’s take a look at Brother Jiang.

A, dynasty series

1. BYD Yuan (parameter picture) PLUS

Aspect: cockpit with the theme of "sports and fitness"

Positioning the compact tidal running SUV, Yuan PLUS has officially started pre-sale in January, with a pre-sale price of 132,800 yuan-152,800 yuan, which is expected to be officially listed in the first quarter. It is reported that BYD Yuan PLUS will be the first to be listed in Australia on February 19th. At present, it has received 15,000 orders, which is quite explosive.

Compared with the old Yuan pro, Yuan PLUS adopts BYD’s latest family Dragon Face 3.0 design language, including wide chrome-plated decorative strips running through the front face, chrome-plated decorative plates on the C-pillar, chrome-plated LOGO decorative strips on the fender, penetrating taillights with wing design and other latest designs, which are more fashionable as a whole, and are on the same level as competing products such as Tucki Gi3 and GAC AION Y.

The proportion of the car body with short front and rear suspension and long wheelbase is 4455*1875*1615mm, and the wheelbase is 2720mm.

The interior is the biggest "bright spot" of Yuan PLUS. The overall design concept takes "exercise and fitness" as the theme, and the details, such as grip door handle, thrust electronic gear lever, treadmill handrail, dumbbell air outlet and so on, are highly characterized, and their eye-catching ability is called off the charts.

In terms of power, it is quite satisfactory. The maximum power of the motor is 150kW and the peak torque is 330N·m, but fortunately, the battery is BYD’s most famous blade battery, which provides 430km and 510km battery life. As far as the product strength is concerned, Yuan PLUS can still play well, but whether it can revive its glory may depend on whether its final pricing will be a surprise.

2. BYD Han

Aspect: the captain and power are enhanced, and the DM-i version is reproduced.

Compared with the current Han EV, the change of the new car is not great. The upper part of the front face is still closed, but the lower enclosure adopts a brand-new style, and the air inlet size is larger, and some fine adjustments have been made.

New BYD Han

Cash BYD Han

Although the taillight group at the tail continues to maintain the penetrating design, the internal structure has been upgraded compared with the old one, and the interwoven design is adopted, which looks more exquisite.

New BYD Han

Cash BYD Han

In terms of size, BYD Han has also been upgraded. The length of the car has been lengthened from the previous 4980mm to the new 4995mm, which has certain advantages compared with rivals such as Tesla Model 3 and Tucki P7.

In terms of power, BYD Han EV has strengthened the motor, and the single motor version has been upgraded from the current maximum power of 163kW to 180kW;; The maximum power of the dual-motor version is upgraded from 163/200kW to 180/200kW. It is reported that the acceleration time of the new Han EV dual-motor version is only 3.7 seconds.

In addition to the Han EV, the Han DM-i equipped with a 1.5T plug-in system also appeared on the declaration list. This Han DM-i is not much different from the previously declared models, and it also uses the dot matrix network. As can be seen from the application information, the new car will be equipped with red brake calipers.

Byd Han DM-i

Byd Han DM-i

In terms of power, the new car is equipped with a plug-in hybrid system consisting of a 1.5T engine, an electric motor and a Ferrous lithium phosphate blade battery, and there will be two endurance versions with fuel consumption of 0.8L and 1.4L per 100 kilometers respectively. In terms of price, compared with DM models, the price of Han DM-i will be further reduced, and the estimated starting price can be less than 200,000.

3. BYD Tang

Aspect: Increased cruising range

At the end of last year, the 2022 BYD Tang EV completed the declaration of the Ministry of Industry and Information Technology. Although it is only an annual redesigned model, the appearance of the new BYD Tang EV has changed a lot. In design, the new Tang EV abandons the "grille" design, and the EV tastes stronger.

New BYD Tang EV

Cash BYD Tang EV

The penetrating taillights are still preserved, but the style of the rear enclosure has been adjusted. In terms of body size, the length, width and height of the new car are 4900/1950/1725mm and the wheelbase is 2820mm.

New BYD Tang EV

Cash BYD Tang EV

In the power part, the new Tang EV dual-motor version is equipped with front and rear dual motors with maximum power of 180kW and 200kW, and the cruising range has also been improved. The NEDC cruising range is 615 km (four-wheel drive) and 700 km (two-wheel drive) respectively, which is very obvious compared with the current models (the current models are 505 km and 565 km respectively).

Cash Tang EV interior

BYD Tang DM-i also had a mid-term change, and the shape did not change much, mainly on the front air intake grille, and the internal middle net adopted a scale design.

New Tang DM-i

Cash Tang DM-i

New Tang DM-i

Cash Tang DM-i

In terms of power, the new car will be equipped with BYD DM-i hybrid system, adopting a hybrid system consisting of 1.5T+ motors and lithium iron phosphate batteries, in which the maximum power of the engine is 139 HP and the peak power of the motor is 160 kW.

Second, the ocean network series

Seals/seagulls/sea lions

Aspect: 60,000 yuan mini-car to 250,000 yuan SUV full coverage

The marine life series is mainly based on pure electric power created by E platform 3.0, focusing on selling points such as new face value, new coil efficiency, new intelligence and new experience. Among them, BYD Seal is positioning a medium-sized pure electric car, or benchmarking Tesla Model 3, which is expected to be officially unveiled in the first quarter. Seals are the second model of marine life series after dolphins, and the estimated price will be at the level of 200,000.

dolphin

Seal spy photos

Seal spy photos

In addition to seals, BYD Ocean Series will also have two new cars, Seagull and Sea Lion, which will also be released in the second and third quarters of this year. Among them, Seagull locates A00-class miniature electric vehicles, and the competing products will be cars such as Wuling Hongguang MINI EV and Chery QQ ice cream, and the estimated starting price is about 60,000 yuan.

Chery QQ ice cream

The sea lion is positioned as a medium-sized pure electric SUV, with an estimated starting price of 200,000, and competitors will target Tesla Model Y.. It is reported that this new car will have the opportunity to carry lidar, which is expected to exceed 700km in terms of battery life.

Third, the warship series

Cruiser 05/ destroyer 07/ landing ship

Aspect: brand-new cars, SUVs and MPVs

The warship series is mainly powered by DM-i, and the main selling points are fast, economical, quiet, smooth and green. According to the plan previously announced by BYD officials, the "warship" series of BYD’s "Ocean Net" will launch "destroyers" for positioning cars, "cruisers" for positioning SUV models and "landing ships" for positioning MPV models.

At present, the destroyer 05 has been unveiled, and its positioning is close to that of Qin PLUS. It is expected to be officially launched in the first quarter, offering two cruising ranges of 55km and 120km, of which the 120 km version will also be equipped with fast charging technology, and the price is expected to be between 120,000 and 150,000 yuan.

In addition to destroyer 05, it is reported that BYD will also release destroyer 07 in the fourth quarter of this year, which is close to Han. Judging from the two models of destroyers, the warship series is a bit like a "two-car strategy" with the dynasty series.

The warship series will also launch two SUVs of cruisers, which are expected to be sister models of Song PLUS and Tang. In addition, according to the data, there is also an MPV model named Landing Ship in the warship series, which is expected to be listed in the third quarter of this year and will be compared with the GL8 of Buick. At that time, the models of BYD Ocean Network will be more abundant than the current dynasty series.

In addition, according to the previous news, BYD will also release a high-end model this year with a price range of 500,000-800,000 yuan, and the new car will be classified under a brand-new high-end brand.

Write it at the end

The blade battery completes the distribution, the super hybrid DM-i continues to exert its strength, and BYD’s stamina is still full. Under such a rising trend, BYD’s main task this year is to complete the full roll-out of its product line. At that time, do you think BYD has the opportunity to catch up with Geely, Chang ‘an and Great Wall in total sales through new energy products? Welcome to pay attention to "car territory without borders", leave a message in the comment area below and share your views on BYD.

Where does Volvo come from to maintain "zero casualties" in traffic safety in the electrified era?

[EV Vision Original] If the concept of environmental protection has been integrated into the spiritual blood of Northern Europe, then the synonym of safety has also been integrated into Volvo’s brand gene.

Throughout the development of Volvo, you will find that in some historical nodes, there are security considerations. In 1944, the first one-piece cage body was invented, and in 1959, the three-point seat belt was invented. In that era when fuel vehicles dominated the world, Volvo created a new definition of safety.

Swedish engineer Nils Bohlin invented the V-type three-point seat belt in 1959.

So, when electrification has taken over the throne of fuel vehicles and is ready to unify the world, is Volvo ready for safety?

Yes, it did.

I remember once, Volvo put forward the vision of "zero casualties", which was successfully realized in 2020. Although this is a chapter that can’t be surpassed in the era of fuel vehicles, in the face of the advent of electrification today, Volvo has also begun its own evolution and learning, especially intelligence and networking, and integrated its corresponding technologies into the whole vehicle to meet the new needs of users for automobiles. And the assisted driving has become an important foundation of this development.

In our knowledge, some car companies are still promoting their own L2-assisted driving system. However, as early as 2012, Volvo launched a mass-produced Pilot Assist pilot system with L2 autopilot function, which means that Volvo has once again advanced its deployment in this field and once again led the technological pace of industry development.

So, how will Volvo "lead" in the future?

With regard to autonomous driving, Volvo’s advanced technology route can be said to be very unique. It does not follow the L1-L5 classification method commonly used in the industry, but adopts three stages: "Drive Pilot" (the driver is dominant), "Cruise Pilot" (advanced assisted driving under system monitoring) and "Ride Pilot" (without driver monitoring). This is nothing more than the support of our own technical strength, so we have such courage.

For future models, Volvo will be equipped with a central computing platform composed of NVIDIA DRIVE Orin chips in terms of hardware. The data shows that the computing power of a single Orion-X chip can reach 254TOPS, which means that it can calculate 254 trillion times per second, which is 3.5 times that of Tesla HW3.0. At the same time, Volvo is also cooperating with Luminar, the top technology company in Silicon Valley. All Volvo cars will be equipped with 300-line +1550nm Iris second-generation vehicle-class lidar.

As a lidar manufacturer from the United States, the lidar produced by Luminar uses a laser source of 1550nm. At present, there are two kinds of lidar wavelengths on the market: 905nm and 1550 nm. Among them, the laser radar with wavelength of 905nm uses silicon-based photodetector as the emission source, which has the advantages of low cost and mature technology. However, it also has the disadvantage that the 905nm laser source is harmful to human eyes. Although it belongs to the invisible light source, under a certain energy, the laser of this wavelength will burn the retina when it irradiates human eyes, so when it is used as a laser radar emitter, the power should be reduced, so its ability to resist weather interference is weak and its penetration into rain and fog is insufficient.

The 1550 nm laser radar uses InGaAs near infrared detector as the emission source, and its laser is far away from the visible spectrum absorbed by human eyes. Compared with the 905 nm laser, the 1550 nm laser with the same power is 40 times safer for human eyes, so it has higher safety. Therefore, it can run at full power and has high penetration for extreme weather environment.

The data shows that Luminar lidar has a maximum detection range of 600m, and can detect about 10% low reflectivity targets within a distance of 250m, such as black cars at night and tires with the lowest reflectivity on the road, which is of great help to improve driving safety. And the radar itself also supports OTA upgrade, which can constantly update iterations.

In addition, it can also achieve a viewing angle of 120 horizontally and 26 vertically without rotating the radar, and can obtain high-resolution data at any position in the vertical direction in real time by dynamically changing the scanning mode.

In addition, Volvo’s future models will be equipped with a multi-sensor fusion sensing scheme consisting of 5 millimeter-wave radars, 8 cameras and 16 ultrasonic sensors, which improves the fault tolerance rate of the autonomous driving algorithm and greatly improves the safety factor.

In terms of software architecture, Volvo is one of the few automobile manufacturers with complete capability of independent research and development of ADAS. Except perception, everything from perception fusion, decision-making to control is self-developed. At the same time, Zenseact, a Volvo autopilot software development company, can provide a full stack of autopilot software. In addition to reaching a global strategic cooperation with the autopilot giant Waymo, it also cooperated with companies such as UBER to jointly accelerate the development of safe and stable autopilot algorithm logic.

In addition to intelligent driving, passive safety is still Volvo’s core DNA.

When the vehicle ushers in the electrification transformation, the structural safety of the vehicle itself is a little more than that of the traditional fuel vehicle. The first thing to bear the brunt of this is battery safety.

According to previous reports, Volvo Cars announced in June that it would cooperate with Northvolt to develop and produce sustainable battery products. The battery product will be produced with 100% renewable energy, and its energy density is expected to exceed 1000 Wh/L.. So, with such a high energy density battery, how should Volvo prevent it?

In view of the safety of high energy density batteries, Volvo has adopted six technical supports, namely, low heat conduction source blocking technology, barrier-free heat removal technology, intelligent cooling technology, millisecond fast power off technology, positive pressure blocking technology and automatic early warning technology, and their main duties are to block the thermal runaway of batteries to ensure the life safety of people in the car.

Not only that, Volvo will test each battery provided by the supplier separately instead of sampling to ensure reliability. According to the test, the battery pack carried on the whole vehicle can be soaked in more than 1m water depth for many hours and still be intact.

Previously, Volvo had put a Volvo XC40 pure electric version directly into a large glass pool with a water depth of 1.7m. After soaking for 4 minutes, the Volvo XC40 pure electric version can still be driven out smoothly, and the battery-controlled motors are in normal working condition. And after 12 hours of continuous immersion, Volvo XC40 pure electric battery pack still has no water, no leakage and no thermal runaway. It can be seen that Volvo’s battery protection level far exceeds the IP67 standard, so there is no doubt about Volvo’s battery safety.

In addition to waterproof, Volvo has also achieved all-round design and optimization in terms of battery collision safety. Generally speaking, when a pure electric vehicle collides, the battery will be extruded and deformed due to external force, which will eventually lead to rupture and short circuit, and lead to severe fire.

Volvo, on the other hand, has developed fire prevention and temperature control technology for battery packs, so that enough evacuation time can be reserved for drivers and passengers. Not only that, because the power battery occupies most of the chassis area, it puts forward new requirements for structure and energy absorption design.

Volvo has done a good job in protecting the battery pack structure from the structural design of the battery pack. In the collision test in Europe, the battery pack can remain intact and not deformed after the side collision, so as to ensure that the battery cells and circuits are protected from being squeezed and damaged in the vehicle accident, greatly reducing the accident risk and improving the safety of the vehicle.

Perhaps it has been brought to the extreme in terms of safety, but is Volvo’s label limited to this? The answer is: no.

Nowadays, the advanced level of intelligent cockpit has become the best test to show the real strength of a car company in intelligent technology. For future products, Volvo will be equipped with a self-developed integrated in-vehicle system-"Volvo S.OS", and its operating systems include Android Automotive OS, QNX, AUTOSAR and Linux.

This system can realize faster and more flexible function development and upgrade. Just like our smart phones, functions and applications, including service experience, can be upgraded remotely online through OTA.

In addition, at this year’s CES show, Volvo announced its cooperation with Qualcomm. In the future, Volvo pure electric SUV will use Qualcomm Snapdragon digital cockpit platform as the high computing power center, which can meet the higher requirements in image, audio and artificial intelligence, and has the advantage of ultra-low power consumption. Thanks to the new computing platform, the running speed of Volvo Car’s next-generation in-vehicle infotainment system will be increased by 2 times and the image generation speed will be increased by 10 times.

Finally, Volvo recently announced a cooperation with Epic Games, a game company, to apply Unreal Engine, a game development engine of Epic, to the brand-new all-electric flagship model of the next-generation Volvo car, so as to provide a more realistic visual effect for the digital cockpit through photo-level visualization technology and meet the new breakthrough of drivers and passengers in senses.

Write it at the end

As a car company that has developed for 95 years, the word safety is deeply rooted in Volvo’s brand gene, which is more important to consumers than fuel consumption and performance. With the advent of electrification, Volvo continues to lead the safety benchmark in the electrical age through its own vision and foresight, and as consumers, we continue to give Volvo such confidence and continue the concept of "zero casualties" to the end. We will wait and see.

The country has ushered in the first batch of car owners’ delivery ceremonies, and the listing of Xingtu Eta Ursae Majoris is "arrogant"

Recently, through a reporter’s visit to 4S stores, it was found that the Eta Ursae Majoris Star Road, known as the "Three Good SUVs of Chery Group and the first model of Star Road Phase 2.0", has been on the rise for two weeks since its listing, and the popularity of many stores across the country has soared, with the phenomena of "test drive fever" and "delivery fever" appearing one after another.     

According to previous official information, Starway Eta Ursae Majoris started blind booking on December 27th and pre-sale on January 30th last year, and immediately received a warm market response, with 12,900 blind bookings and 5,118 large orders respectively. After the listing on February 21st, the new car basically continued the hot market situation. According to the sales staff, during this period, a large number of interested users entered the store for test drive every day, and the clues of potential customers doubled 10 times. At present, the number of test drive appointments in China has exceeded 10,000.
           

In the face of the surge in terminal demand, the delivery time of new cars has become the most concerned issue for many intended users. The reporter also contacted the insiders of Starway at the first time. Fan Xing, deputy general manager of the marketing center, revealed, "Qingdao Super Smart Factory, which produces Starway Eta Ursae Majoris, has adjusted its production plan at the first time, and its production capacity is rapidly climbing. As of March 7, it has delivered a total of 1,800 new cars. At present, the first batch of car delivery ceremonies have been carried out in Nanjing, Chengdu, Beijing, Hefei, Changsha, Xi’ an, Kunming and other cities across the country in an orderly manner, and the follow-up will fully usher in the delivery fever. "
           

In addition, with the gradual increase in the number of deliveries, the reputation of users of Starway Eta Ursae Majoris has gradually improved. On the one hand, during our visit, many interested users made decisions on the spot, and they all gave positive comments on Starway Eta Ursae Majoris, such as "Starway Eta Ursae Majoris is comparable to 400,000 joint venture luxury models in terms of design, performance and safety", "The price is real, but the configuration is comparable to that of C-class cars, with 10,086 likes", and so on.
           

On the other hand, according to Fan Xing, "among the first owners of Xingtu Eta Ursae Majoris, there have also been new changes in user portraits. First, the proportion of young users and female users has increased after the 1990 s; Second, the occupation is greatly tilted towards teachers, civil servants, corporate executives and other high-level people. " At the earlier listing meeting, Huang Zhaogen, general manager of Xingtu Marketing Center, said in an exclusive interview with reporters that more than half of the blind and large orders came from the joint venture brand "defection", and BBA accounted for 15%. It can be seen that the product value of Xingtu Eta Ursae Majoris, which is comparable to 400,000, has been trusted and recognized by users, which further reflects the luxury brand premium ability of Xingtu joint venture.
           

The industry analysts described two main reasons for the popularity of Star Road in Eta Ursae Majoris as very appropriate. First, they focused on users’ thoughts, provided unique user value twice as much as the retail price, and the retail price of 15.28–202,800 yuan was 20,000 lower than the blind subscription price. In addition, there was a lifetime warranty service for the first car owner with a few independent brands, which can be described as a pet for users.
           

Second, if the tram has surpassed the fuel truck and opened up the second track, then the Star Road Eta Ursae Majoris is the third avenue for new cars. Looking at the current automobile market, Xingtu Eta Ursae Majoris can be said to be the most mature product in the oil-electricity transition period. Qualcomm Snapdragon 8155 chip+Lion Zhiyun 5.0, matching the L2.99 automatic assisted driving brought by Horizon TDA4 scheme, these are the excitement of tram fans. The CDC electromagnetic suspension system carried by the flying fish extrasensory chassis is also the only one in the 400,000 class. It can be said that Xingtu Eta Ursae Majoris has a revolutionary driving experience of trams and the reliability and solidity of oil trucks. From the inside out, it fully conforms to the trend of the times, which is the third avenue of new cars.
           

According to the comprehensive market feedback, it can be predicted that with the delivery of new cars, Xingtu Eta Ursae Majoris will be expected to become one of the largest potential stocks in the SUV market segment of 150,000-200,000 yuan. Let’s wait and see. 

Zhang Xinghai, Chairman of Sailis Automobile: Building a high-end smart travel life with technological innovation.

    On May 11th, People’s Daily published a series of articles on the theme of China Brand Day, "Driving Innovation to Stimulate Brand Vitality". Among them, Zhang Xinghai, the chairman of Sailis Automobile, introduced the vivid practice of enterprises to play a leading role in innovation and promote high-quality development with the theme of "building a high-end smart travel life with technological innovation". The content is as follows:

   Constructing high-end smart travel life with technological innovation

    Zhang Xinghai, Chairman of Sailisi Automobile

    Nowadays, the "digital intelligence" of the automobile industry is reshaping people’s lifestyles. As a technology-based manufacturing enterprise deeply involved in technological innovation, Sailis Automobile always adheres to the innovation drive, and is committed to promoting the transformation and upgrading of traditional cars to smart cars and traditional manufacturing to intelligent manufacturing, and building a high-end smart life for users with innovative product strength.

Cyrus headquarters located in Shapingba District, Chongqing.

  In the field of innovative product research and development, Celestial Auto actively applies digital intelligence technology, and has successively launched intelligent new energy vehicle solutions with multiple technical paths such as pure electricity and extended range. The sales volume of AITO series models designed and launched has accumulated to 100,000 vehicles. At the same time, Celestial Automobile strives to promote the integrated research and development of intelligent software and hardware, including two major capabilities of "full-stack self-research+system integration", covering five major vehicle functional domains such as intelligent vehicle control, intelligent electronic control, intelligent cockpit, intelligent network connection and intelligent driving.

  Based on its own intelligent manufacturing capability, Celestial Automobile has also cultivated and developed a super electric drive intelligent technology platform, which has realized the comprehensive evolution of the third-generation range extender, drive technology and intelligent control in terms of technology, and met the driving needs of users with low energy consumption, long battery life and high performance. In order to provide a better travel experience for users, Sailis has built an effective machine vision traffic solution, which greatly improves the operation and maintenance efficiency of vehicles.

  Celestial Auto also relies on independent innovation ability, uses digital twin technology to build an intelligent production base, and is committed to building a smart factory that is "leading in China and world-class". Sailisi Smart Factory has stamping, welding, painting and assembly workshops, with more than 1,000 robots working together. The key processes are 100% automated and online 24 hours a day, which effectively reduces labor costs, further improves production efficiency and guarantees product quality.

  All along, Sailis Automobile adheres to the green and low-carbon long-term principle, and adheres to the mission of "promoting the transformation of automobile energy and creating a smart mobile life", and integrates the concept of green environmental protection into the whole product life cycle, covering design, production, logistics and recycling, so as to promote green development and realize low-carbon development.

  Serving users wholeheartedly is the "anchor" for the high-quality development of Sailis. In the 20 years since it was built, the customer service of Celestial Automobile has experienced the transformation from "after-sales maintenance" to "passive service to active service", and then to "software-defined automobile" in response to the trend of the times, but the concept of serving customers wholeheartedly has been firmly practiced for a long time.

Behind the questioning, can BYD "Qin" make up for it?

Since BYD began to expand its automobile business, the concept of new energy vehicles has attracted more attention. In 2008, Buffett’s subsidiary became a strategic investor of BYD, which pushed BYD to the stage. However, in recent years, BYD’s development has not been smooth sailing. The safety and practicability of new energy vehicles have been questioned by many parties. After experiencing a big decline in 2012, the company’s share price began to pick up last year. Has BYD ushered in a new spring? Will Tesla’s entry into the China market have an impact on BYD? Can the launch of "Qin" promote BYD’s spring arrival?

BYD’s business can be divided into three categories: rechargeable battery business, mobile phone parts and assembly business, and automobile business including traditional fuel vehicles and new energy vehicles, in addition to expanding related new energy products.

BYD’s new energy vehicles always attract people’s attention for the first time. However, the other two major businesses of the Group also account for about 50% of the revenue sources, and their profitability cannot be ignored. In recent years, the proportion of automobile business income has increased year by year, and the company has invested more efforts in the automobile business that has attracted much attention. The proportion of secondary rechargeable batteries has basically remained at 10%, which is a relatively stable and mature business in the company, but it is not the future growth point of the company.The company’s future development focus is mainly on new energy business, including solar power stations, energy storage power stations, electric vehicles, LED and other green products..

BYD is very good at manufacturing rechargeable batteries, and its main customers include mobile phone brands such as Nokia, Samsung and Huawei, as well as global manufacturers of power tools and other portable electronic equipment such as Bosch and TTI. Lithium-ion batteries and nickel batteries produced by the Group are widely used in mobile phones, digital cameras, power tools, electric toys and other portable electronic devices and electric products.

In terms of mobile phone components and assembly business, BYD provides vertically integrated one-stop service, designs and produces mobile phone and computer components such as keyboard, LCD module and camera, and provides complete machine design and assembly services, but does not produce its own brand of mobile phones and computers. Its customers include: Nokia, Apple, HTC, Samsung, Motorola, Huawei, Pratt & Whitney, Toshiba and so on.

In 2003, BYD officially acquired Xi ‘an Qinchuan Automobile Co., Ltd., entered the field of automobile manufacturing and sales, and began the development journey of national independent brand cars, with production and sales exceeding 2 million vehicles. Automobile products include all kinds of high, medium and low-end series fuel cars, as well as automobile molds, auto parts, dual-mode electric vehicles and pure electric vehicles. Representative models include F3, F3R, F6, F0, S8, G3, M6, L3 and other traditional high-quality fuel vehicles, as well as the world-leading F3DM dual-mode electric vehicles, e6 pure electric vehicles and K9 pure electric buses.

BYD has also established a joint venture with Daimler, a luxury car brand, to jointly research and develop electric vehicles. At present, its Tengshi brand has been listed.

On April 28th, BYD released the first quarterly report of 2014, which realized operating income of 11.724 billion yuan, down 9.0% year-on-year, and realized net profit attributable to the parent company of 12 million yuan, down 89.4% year-on-year. According to the analysis of UBS Securities,On the one hand, the decline in sales volume is due to BYD putting most of its energy into the research and development of new energy vehicles, which leads to the slow pace of research and development and launch of traditional automobile business models; On the other hand, the competition in China’s automobile market is becoming more and more fierce. If you don’t advance, you will retreat, and the competitiveness of BYD’s old models (such as Su Rui and F3) will decline.BYD also admitted in the report that the decline of traditional automobile business was the main reason for dragging down BYD’s profit in the first quarter.

BYD Group not only has government payment in policy, but also has considerable government subsidies. Take its pure electric vehicle E6 as an example, the price range of E6 is 309.8-33 million. E6 pioneers can enjoy a total of 114,000 yuan of state subsidies and local subsidies. The price for consumers to buy e6 luxury terminals is 195,800 yuan, and the price for purchasing e6 elite terminals is 216,000 yuan. Government subsidies account for about 34% of the original price, and the subsidized price is really attractive to consumers. Judging from the annual reports of the past five years, government subsidies have been increasing, reaching about 670,000 in 2013. Although it is still not enough to compensate BYD’s high expenses, government subsidies are only a unique policy of BYD in its growth period. However, in the short term, the government’s support attitude towards BYD Group’s projects is very clear, and everything depends on whether BYD can grasp the development opportunities.

In addition, BYD’s R&D expenditure has remained at a level of about 1.3 billion in the past five years, with no significant increase or decrease, and the distribution expenses are basically between 1.5 billion and 2 billion.

BYD’s operating cash flow decreased by nearly half in 2013, and most of the cash at the end of the year came from cash flow from financing. On May 30th this year, BYD also issued 121,900,000 new H shares to supplement its working capital, and the funds raised will be used for the new energy automobile business. However, the market reactions in the two places were mixed, with A shares rising sharply and H shares falling sharply.

Through the above financial analysis, we find that BYD is still in the growth stage, with huge expenses in all aspects and weak current profitability. Although the current P/E ratio is nearly 130 times, most investors value its profitability in the next few years.After BYD released its first quarterly report in 2014, its profitability and cash flow did not improve, resulting in a sharp drop in its share price. Among them, the investment loss reached nearly 8.6 million RMB. The company disclosed that most of the losses were caused by the investment loss of the joint venture company. The parent company increased investment and development in all aspects at the same time when the business has not grown steadily. This can only make up for the tight cash flow by issuing additional shares or increasing financing.

BYD has not really stimulated consumers in private cars, mainly because consumers are worried about endurance and safety, and BYD’s car design and logo have been criticized by the masses. For consumers, environmental protection may be far less important than appearance and performance.

Compared with other automobile brands, BYD is obviously favored by more governments, which is related to BYD’s more professionalism in the field of new energy. At present, there are 800 E6 pure electric taxis and 220 K9 pure electric buses in Shenzhen, which are used as pilot cities to promote electric buses. In May, 2013, the pure electric bus was operated in Hongkong. Outside the China market, BYD’s K9 electric bus had trial operation projects in the United States, Spain, Hungary, Austria, Belgium and the Netherlands.

Investment point of view

New energy industry

BYD is a leading representative in China in its industry. With the reduction of natural resources such as oil, the traditional automobile industry will be the most affected, and the future will be the world of new energy industry. Therefore, the state will give subsidies to the new energy industry in terms of policies and funds. However, BYD, as a battery-making enterprise, has not invested in the field of new energy vehicles smoothly. Although the enterprise has its own brand and professional technology, many traditional automobile brand companies have begun to develop new energy vehicles or low fuel consumption, such as Toyota Prius, Nissan leaf and Ford fusion. With its strong capital, original market share and brand awareness, BYD’s automobile business is also facing many competitors. Future new energy vehicle projects in China still depend on brand building, energy saving and green premium ability.

At present, BYD has adjusted its three major businesses in the future to photovoltaic power generation, energy storage power stations and new energy vehicles, and it is expected that it will continue to invest in research and development and construction of energy storage power stations in the short term. At the technical analysis meeting in 2013, Wang Chuanfu, the president of the group, announced the "dual-drive strategy"-one is to develop energy-saving technologies in both traditional fuel vehicles and new energy vehicles, and the other is to promote dual-engine dual-mode in the personal market and pure electric vehicles in the public transport market. From the naturally aspirated engine with energy-saving technology, to the world-synchronous TID powertrain, to the green hybrid technology, to the dual-engine dual-mode power and pure electric vehicles, BYD has completed the strategic layout from single-drive to dual-drive, and gradually strengthened the energy management system.

The investment in BYD should not only be analyzed from its current profitability or short-term stock price changes, but also from a medium-and long-term perspective to look at the strategic value and significance of the new energy automobile industry chain and lock in the future technological innovation and consumption orientation.

Although the mobile phone parts and assembly services and rechargeable battery business, which together account for about 50% of the revenue, are fiercely competitive in the industry, BYD can still obtain objective income in this field with the increase of mobile phone sales. The capital market is optimistic about this business, and many rating agencies rate BYD Electronics as "buy".

BYD and Tesla

Tesla, which has attracted much attention, began to enter the China market and set up energy storage stations in major cities. Although Tesla also produces new energy vehicles, it is not completely competitive with BYD. Tesla is the first electric vehicle in the world to give up the traditional lithium iron phosphate battery for vehicles and choose a laptop battery. In fact, the price of Tesla in the United States is more than 80,000 US dollars, and the tariff, value-added tax and transportation cost entering China account for 33% of the current domestic price. Tesla is positioned in the high-end market, and its price is far from BYD. Comparing BYD’s "Tang" to "Model X" is because Tesla’s seven-seat SUV also adopts the same power layout: one motor for the front and one motor for the rear axle, thus forming a four-wheel drive system. However, because the target market is different and the consumer demand is different, BYD’s R&D, products, market and brand positioning are different from Tesla’s.

However, it is worthy of our attention that Tesla’s cruising range can reach 500 kilometers, and BYD Qin’s cruising range can reach 70 kilometers in pure electric mode. Although the hybrid mode can be used to make up for the lack of cruising range when running long distances, if Tesla can make a model with mass price in the future, it may pose challenges to BYD.