BEIJING, Beijing, August 17 (Xinhua) On the 16th, the preparatory work for the implementation of Shenzhen-Hong Kong Stock Connect was officially launched. After the State Council approved the Shenzhen-Hong Kong Stock Connect Implementation Plan, in the evening, the China Securities Regulatory Commission and the Hong Kong Securities Regulatory Commission jointly signed the Shenzhen-Hong Kong Stock Connect Joint Announcement, approving in principle the establishment of an interconnection mechanism for Shenzhen-Hong Kong stock market transactions. What does the approval of Shenzhen-Hong Kong Stock Connect mean to China’s capital market? What is the impact on A shares or H shares? When will it be officially launched? What is the investment quota? What are the investment targets? How high is the investment threshold? The reporters from Zhongxin. com will sort out and interpret them for you one by one.

　　What is the significance?

　　Investors can better share the fruits of economic development between the two places.

　　Zhang Xiaojun, spokesman of the Securities and Futures Commission, said that the launch of Shenzhen-Hong Kong Stock Connect is another major measure to connect the financial markets of the Mainland and Hong Kong, which has many positive meanings.

　　First, it is conducive to investors to better share the economic development achievements of the two places. It will further expand the scope and quota of investment targets for the interconnection of the mainland and Hong Kong stock markets to meet the diversified cross-border investment and risk management needs of investors.

　　Second, it is conducive to promoting the opening and reform of the mainland capital market and further learning from Hong Kong’s more mature development experience. It can attract more overseas long-term funds to enter the A-share market, improve the investor structure in the A-share market and promote economic transformation and upgrading.

　　Third, it is conducive to deepening financial cooperation between the mainland and Hong Kong. It will further give play to the geographical advantages of Shenzhen and Hong Kong and promote the orderly economic and financial development of the Mainland and Hong Kong.

　　Fourth, it is conducive to consolidating and upgrading Hong Kong’s position as an international financial center and promoting the internationalization of the RMB.

　　What is the impact on A shares and H shares?

　　Opening for half a year is expected to bring 75-150 billion incremental funds to A shares.

　　Ping An Securities believes that after the implementation of Shenzhen-Hong Kong Stock Connect, in the long run, whether the capital will show a "southbound" or "northbound" net inflow depends on the comparative relationship between Shenzhen and Hong Kong.

　　Qiu Xiaohua, chief economist of Minsheng Securities, told the reporter of Zhongxin.com (WeChat WeChat official account: cns2012) that the approval of the launch of Shenzhen-Hong Kong Stock Connect will help the interconnection of the two markets, and the impact on the A-share market will be more positive than negative.

　　Guotai Junan believes that after the implementation of Shenzhen-Hong Kong Stock Connect, if the average daily quota utilization rate of Shenzhen Stock Connect reaches 5%-10% in the next six months,It is estimated that it will bring about 75-150 billion incremental funds to the A-share market, accounting for 0.9%-1.8% of the current market value of Shenzhen Component Index of 8.5 trillion.The impact on the short-term liquidity of the market is limited. Although Shenzhen Stock Connect is difficult to change the original trend of the market, the policy landing is good for short-term risk appetite.

　　On the 16th, the Shanghai and Shenzhen stock markets diverged, and the Shanghai Composite Index closed at 3,110.04 points, down 0.49%. The Shenzhen Component Index reported 10,883 points, up 0.56%; Growth enterprise market index reported 2201.10 points, up 0.36%. In the previous two trading days, A shares continued to rise, and the Shanghai Composite Index broke through the 3100 mark; The Shenzhen Component Index rose by 1.32% and 2.79% on the 12th and 15th respectively.

　　In addition, Yu Hao, manager of Guangfa Shanghai-Hong Kong Shenzhen New Opportunity Fund, believes that after the mechanism of Hong Kong Stock Connect has been improved through Shenzhen-Hong Kong Stock Connect and quota liberalization, Hong Kong stocks will be fully opened to domestic investors, and many outstanding Hong Kong stocks will receive sustained attention from mainland investors and be revalued for a long time.

　　In the past 10 trading days, the Hang Seng Index has experienced a strong rise, breaking through the 22,000 points and 23,000 points. On the 16th, the Hang Seng Index fell slightly by 0.09% to close at 22,910.84 points.

　　When will it start?

　　It takes about 4 months to prepare.

　　According to the CSRC, it will take about four months to prepare from the date of publication of the Joint Announcement to the formal implementation of the above plan, and the formal implementation time will be announced separately.

　　According to the Joint Announcement, the exchanges and registration and settlement institutions of the two places will formulate, publish or adjust and improve relevant business rules, actively promote the development and testing of technical systems, business qualification applications, investor education and other preparatory work, and will announce the progress. Shenzhen-Hong Kong Stock Connect can be officially launched only after the relevant transaction settlement rules and systems are prepared, all relevant regulatory approvals are obtained, market participants have fully adjusted their business and technical systems, and all necessary cross-border regulatory enforcement cooperation arrangements and investor education are ready.

　　What are the investment target stocks?

　　The stock market value of Shenzhen Stock Connect Standard needs to exceed 6 billion yuan to expand the Hong Kong Stock Connect Standard.

　　The stock range of Shenzhen Stock Connect is the constituent stocks of Shenzhen Component Index and Shenzhen Small and Medium Innovation Index with a market value of 6 billion yuan or more, and the stocks of A+H shares listed on Shenzhen Stock Exchange. At the beginning of the opening of Shenzhen Stock Connect, the investors who bought and sold the GEM stocks of Shenzhen Stock Exchange through Shenzhen Stock Connect were limited to institutional professional investors defined by relevant Hong Kong rules. After the relevant regulatory issues were resolved, other investors could buy and sell the GEM stocks of Shenzhen Stock Exchange through Shenzhen Stock Connect.

　　The stock range of Hong Kong Stock Connect under Shenzhen-Hong Kong Stock Connect is the constituent stocks of Hang Seng Composite Large-cap Index, Hang Seng Composite Medium-cap Index, Hang Seng Composite Small-cap Index with a market value of HK$ 5 billion or more, and A+H shares listed on the Hong Kong Stock Exchange.

　　Compared with the Hong Kong Stock Connect under the Shanghai-Hong Kong Stock Connect, the stock range of the Shenzhen-Hong Kong Stock Connect is based on the existing Hong Kong Stock Connect under the Shanghai-Hong Kong Stock Connect, and the constituent stocks of the Hang Seng Composite Small-Cap Index (including stocks with a market value of HK$ 5 billion and above) and the stocks of A+H shares listed on the Hong Kong Stock Exchange and Shenzhen Stock Exchange at the same time.

　　What is the investment quota?

　　There is no longer a total amount limit, and the daily quota of Shenzhen Stock Connect is 13 billion

　　The cancellation of the total amount of Shanghai-Hong Kong Stock Connect will take effect immediately from the date of the Joint Announcement. Shenzhen-Hong Kong Stock Connect no longer has a total amount limit.

　　The daily quota of Shenzhen-Hong Kong Stock Connect is consistent with the current standard of Shanghai-Hong Kong Stock Connect, that is, the daily quota of Shenzhen Stock Connect is 13 billion yuan, and the daily quota of Hong Kong Stock Connect under Shenzhen-Hong Kong Stock Connect is 10.5 billion yuan.

　　Zhang Xiaojun said that cross-border investment is subject to daily quota management and real-time monitoring. The regulatory agencies of the two places can adjust the investment quota according to market conditions. The daily quota of Hong Kong Stock Connect under Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect is controlled by Shanghai and Shenzhen Stock Exchanges respectively, that is, both are RMB 10.5 billion, which does not affect or adjust each other.

　　How high is the investment threshold?

　　The balance of individual investor account of Hong Kong Stock Connect is not less than 500,000 yuan.

　　According to the Joint Announcement, Shenzhen-Hong Kong Stock Connect refers to the relevant provisions of the Joint Announcement of Shanghai-Hong Kong Stock Connect on April 10, 2014, such as trading, settlement and listing regulations, settlement methods, investor suitability, cross-border supervision and law enforcement cooperation between the two places, and counterpart liaison mechanism.

　　Zhang Xiaojun said that investors in Hong Kong Stock Connect are limited to institutional investors and individual investors with a total balance of not less than 500,000 yuan in securities accounts and capital accounts.

　　According to the data released by China Securities Depository and Clearing Co., Ltd., by the end of July, the total number of individual investors holding A-shares with a market value of over 500,000 was 2,931,218, which reached the threshold for investing in Hong Kong Stock Connect. (Cheng Chunyu)

　　Zhongxin Jingwei Client February 29th (Dong Wenbo) is about to enter March, and a number of new regulations will officially land, affecting your life and mine. Stock mortgage interest rate "change anchor", the implementation of the new securities law, the cancellation of the 360-day certification period by ordinary taxpayers, and the maximum reduction of driver’s license score by 6 points … … Let’s take a sneak peek together!

　　New national regulations

　　Stock mortgage interest rate "change anchor"

　　The central bank issued a notice on December 28, 2019, saying that since March 1, 2020, financial institutions have officially converted the pricing benchmark of floating interest rate loans. There are two ways, one is to add points based on LPR, and the other is to convert them into fixed interest rates. The above work should be completed before August 31, 2020 in principle.

　　Dong Ximiao, chief researcher of Xinwang Bank, pointed out that with the stable epidemic situation, it is not a big problem to complete the "anchor change" work before the end of August. At present, the market liquidity will continue to be in a reasonable and abundant state, and the market interest rate is expected to further decline. In this case, the mortgage interest rate may have some downside.

　　Data map. Zhongxin Jingwei Xiong Siyi photo

　　The new securities law will be implemented on March 1st.

　　On December 28th, 2019, the 15th meeting of the 13th the National People’s Congress Standing Committee (NPCSC) voted to pass the newly revised Securities Law of People’s Republic of China (PRC) (hereinafter referred to as the "New Securities Law"), which will take effect on March 1st, 2020. The revision of the new securities law includes ten aspects: expanding the scope of application of the law, promoting the registration system, streamlining and optimizing the conditions of securities issuance and trading, strengthening information disclosure requirements, strengthening investor protection, and greatly increasing the cost of violation of laws and regulations.

　　Judging from the penalties for violations of laws and regulations, the new securities law raises the maximum fine for letter-wearing violations from 600,000 yuan to 10 million yuan, and the maximum fine for fraudulent issuance to 20 million yuan; For insider trading and market manipulation, the maximum fine will be raised from 5 times to 10 times of the illegal income. If there is no illegal income, the maximum fine will be raised from 600,000 yuan to 5 million yuan and 10 million yuan. Insiders pointed out that after the implementation of the new securities law, it is expected that illegal activities in the capital market will be deterred and contained.

　　Some property insurance products were changed from approval to filing.

　　On February 26th, China Banking and Insurance Regulatory Commission website issued the Notice on Further Strengthening and Improving Product Supervision of Property Insurance Companies (hereinafter referred to as the Notice), which made a series of specifications on the scope and filing process of product approval, and it was officially implemented on March 1st.

　　The "Notice" adjusted the scope of product approval and filing, and changed the motor vehicle commercial insurance, credit insurance and guarantee insurance products that use demonstration products from approval to filing, and the products that originally belonged to the filing category still adopted filing management. At the same time, product classification supervision and territorial supervision are implemented for property insurance: China Banking and Insurance Regulatory Commission is responsible for filing and supervising motor vehicle commercial insurance and agricultural insurance products subsidized by the central government; Other products are filed and supervised by the relevant banking insurance regulatory bureau.

　　Cancel the requirement of "matching" payment of tax arrears and late fees.

　　On December 12, 2019, State Taxation Administration of The People’s Republic of China issued a notice on several issues concerning tax collection and management, pointing out that from March 1, 2020, the requirement of "matching" payment of tax arrears and late fees will be cancelled, and the tax arrears and late fees payable by taxpayers, withholding agents and tax payment guarantors are no longer required to be paid at the same time, and the tax arrears can be paid first, and then the late fees can be paid according to law.

　　The announcement also made it clear that individuals engaged in production and business operations should apply for temporary tax registration if they do not have a business license, but they have tax obligations. If a taxpayer who has been identified as an abnormal household accepts punishment and pays a fine for his overdue declaration, and makes a tax return, the tax collection and management system will automatically lift the abnormal state without the taxpayer’s special application for lifting it.

　　Ordinary taxpayers cancel the 360-day certification period.

　　State Taxation Administration of The People’s Republic of China issued a notice on December 31, 2019, saying that the special VAT invoice, the special payment book for customs import VAT, the unified invoice for motor vehicle sales, and the electronic ordinary VAT invoice for toll road tolls obtained by the general VAT taxpayer on or after January 1, 2017 no longer need to be certified and confirmed within 360 days. Those that have expired can be confirmed by the comprehensive service platform for VAT invoices in this province (autonomous regions, municipalities directly under the Central Government and cities with separate plans) after March 1, 2020.

　　The special VAT invoice, the special payment letter for customs import VAT, and the uniform invoice for motor vehicle sales issued by the general VAT taxpayer on or before December 31, 2016 have exceeded the time limit of certification and confirmation, but if they meet the relevant conditions, they can still continue to deduct their input tax in accordance with the provisions of the Announcement of State Taxation Administration of The People’s Republic of China on the Deduction of Overdue VAT Tax Deduction Certificates and the Announcement of State Taxation Administration of The People’s Republic of China on Issues Related to Failing to Declare and Deduct VAT Tax Deduction Certificates.

　　Driver’s license score can be reduced by up to 6 points.

　　On January 19th, the Chinese government website disclosed the "Code for Accepting Traffic Safety Education and Reducing Road Traffic Safety Violation Scores (Trial)" (hereinafter referred to as the "Code") issued by the Ministry of Public Security, which came into effect on March 1st, 2020. Article 24 of the Code clarifies that motor vehicle drivers who participate in the online and on-site study exams or traffic safety public welfare activities of road traffic safety laws, regulations and related knowledge respectively in this scoring cycle will get a cumulative maximum score of 6 points for reducing or exempting traffic violations.

　　Data map. Zhongxin jingwei photo

　　Legalization and specialization of general contracting of projects

　　On December 31, 2019, the Ministry of Housing and Urban-Rural Development and the National Development and Reform Commission issued the Measures for the Administration of General Contracting of Housing Construction and Municipal Infrastructure Projects (hereinafter referred to as the Measures), which will take effect on March 1, 2020. Insiders pointed out that the promulgation of the "Measures" will effectively promote the legalization and specialization of China’s general engineering contracting and promote the sustained and healthy development of the construction industry.

　　The "Measures" clarify that the construction unit shall complete the project approval, approval or filing procedures before the contract is awarded; According to the law, the general contractor shall be selected by means of bidding or direct contracting. The general contractor shall not be the agent, project management unit, supervision unit, cost consulting unit or bidding agency of the general contracting project. The "Measures" also stipulate that the construction unit shall not set unreasonable construction period and shall not arbitrarily compress reasonable construction period; The general contractor of the project shall be fully responsible for the construction period according to the contract, control and manage the overall progress of the project and the progress of each stage, and ensure that the project is completed on schedule.

　　The regulations on network ecological governance will be implemented on March 1.

　　On December 20, 2019, the National Network Information Office issued the Regulations on Ecological Governance of Network Information Content (hereinafter referred to as the "Regulations"), which will take effect on March 1, 2020. According to the Regulations, producers of online information content are not allowed to produce, copy or publish illegal information that "endangers national security, divulges state secrets, subverts state power, undermines national unity" and "damages national honor and interests", and should take measures to prevent and resist the production, copying and publication of illegal information that contains "exaggerated titles, contents that are seriously inconsistent with the titles" and "hype, scandals and misdeeds".

　　The "Regulations" emphasize that the network information content service platform should fulfill the main responsibility of information content management, establish an ecological governance mechanism for network information content, and improve the systems of user registration, account management, information release review, post review review, layout and page ecological management, real-time inspection, emergency disposal and network rumors, black industry chain information disposal, etc.

　　New local regulations

　　Shanghai: Housing management and civilized construction are included in the scope of urban management punishment

　　According to the website of the Shanghai Municipal Government on February 19th, the Decision on Amending the Implementation Measures of the Regulations of Shanghai Municipality on Administrative Enforcement of Urban Management (hereinafter referred to as the Decision) was adopted at the 75th executive meeting of the municipal government on December 23rd, 2019, and will come into force on March 1st, 2020.

　　Penalties in the field of housing management and civilized construction are included in the scope of urban management punishment, which is the core content of this revision. The "Decision" clarifies that in the field of housing management, the administrative penalties related to property management in the current regulations will be broadened to all housing management matters including property management, real estate market management, housing security, protection of outstanding historical buildings, and housing expropriation and compensation on state-owned land; At the same time, in the field of construction management, penalties in the field of civilized construction management are added.

　　Data Map: A construction site in Haidian District, Beijing. Zhongxin Jingwei Xue Yufei photo

　　Xi ‘an: Raise the reward standard for the expropriated people who move voluntarily.

　　According to the website of Xi ‘an Municipal Government on February 7, the Decision on Amending the Measures for Expropriation and Compensation of Houses on State-owned Land in Xi ‘an was reviewed and approved at the 32nd executive meeting of the municipal government on December 23, 2019, and will come into force on March 1, 2020. The revised Measures for the Expropriation and Compensation of Houses on State-owned Land in Xi ‘an (hereinafter referred to as "the Measures") adds nine aspects, such as "the implementation unit of house expropriation shall not be for profit"; Ten contents were adjusted, including the standard of reward and compensation for the expropriated person who actively moved within the relocation period, and no reward will be given for those who overdue or refused to move.

　　The "Measures" clarify that if the expropriated person or public housing tenant signs a compensation agreement and delivers the house within the reward period determined by the expropriation compensation plan, the reward will be given according to the fact that each household does not exceed 2% of the assessed value of the expropriated house; If monetary compensation is chosen, it will be rewarded at no more than 20% of the assessed value of the house to be expropriated. If the expropriated person chooses monetary compensation for the expropriation of business and production processing houses, the compensation standard for losses caused by suspension of production and business will be raised from 2% to 5%.

　　Zhuhai: improving medical security benefits in five aspects

　　On February 14th, Zhuhai Medical Insurance Bureau issued the Notice on Improving the Treatment and Management Policies of Basic Medical Insurance and Maternity Insurance (hereinafter referred to as "the Notice"), which further strengthened medical security from five aspects and was officially implemented on March 1st.

　　The "Notice" proposes to further strengthen the medical security for newborns. Newborns registered in Zhuhai can pay fees and enjoy treatment from the date of birth within three months after birth; To provide outpatient co-ordination guarantee for the insured registered in different places; Improve the level of outpatient treatment guarantee for mental diseases; Appropriately expand the payment scope of special outpatient treatment, including heavy-duty β -Thalassemia, hemophilia, malignant tumor; At the same time, the conditions for determining the enjoyment of medical insurance retirement benefits should be straightened out.

　　Yantai: Three local laws and regulations were formally implemented.

　　From March 1st, three local laws and regulations, namely, Yantai Mountain Protection Regulations, Yantai Coastal Protection Regulations and Yantai Private Economy Promotion Regulations, will be officially implemented.

　　Among them, the Regulations on Mountain Protection in Yantai City focuses on solving the problems of illegal mining, encroachment by construction projects, construction of cemeteries, illegal farming and planting, deforestation and land reclamation, deforestation, destruction of wild trees, damage to the original topography and landforms of mountains, and restoration and management. "Yantai Coastal Zone Protection Regulations" completely prohibits reclamation, and vigorously rectifies and repairs the damaged coastline. The Regulations of Yantai Municipality on the Promotion of Private Economy focuses on the negative list of market access, the establishment of special funds for the development of private economy, and the reduction of the burden on enterprises, so as to further optimize the business environment and promote the development of private economy.

　　Dongguan: the Pearl River fishing ban was implemented for 4 months.

　　The Bureau of Agriculture and Rural Affairs of Dongguan issued a notice on February 24th, saying that in order to further strengthen the protection of fishery resources in natural waters, Dongguan will ban fishing in the Pearl River for four months from 0: 00 on March 1st to 24: 00 on June 30th. In addition to recreational fishing and recreational fishing, all fishing operations are prohibited in the prescribed fishing areas and fishing seasons; If it is necessary to harvest natural fishery resources due to aquaculture production or scientific research, it shall be approved by the fishery administrative department at or above the provincial level in accordance with the provisions of the Fisheries Law of People’s Republic of China (PRC). (Zhongxin Jingwei APP)

　　All rights reserved by Zhongxin Jingwei. Without written authorization, no unit or individual may reprint or extract it and use it in other ways.

On July 17, the "2024 Fan Festival and Hongqi Automobile Culture Festival" was successfully held in Changchun China Railway Expo City. The theme of this event was "Flag meets confidant, lives up to love", and the fans of Hongqi were reveled together through the electronic music tide party. Taking advantage of the upcoming Olympic Games in Paris, France, Liu Yigong, general manager and deputy secretary of the Party Committee of FAW of China, announced the new Olympic rights and interests on the spot. Athletes Xing Aowei, Ding Ning, He Zi, and Hongqi fans who watched the live broadcast witnessed this historic moment together. At the same time, Hongqi also made a stunning appearance with HS3 PHEV, which was full of audio-visual enjoyment across the board, opening a new model of younger and heavyweight "pet fans".

New experiences run through the day, and new gameplay creativity is ever-changing. Before the ceremony, Qishi owners and fans visited the technology exhibition, prosperous factory and Hongqi Culture Exhibition Hall one by one along the customized route to experience the heritage of Hongqi car building, appreciate the young and upward brand attitude, and experience the charm of automobile cultural life.

At the ceremony, Fang Shili, the chief accountant of FAW, delivered a speech welcoming the enthusiastic participation of Qishi owners and Hongqi fans, and thanked them for their mutual understanding and growth with Hongqi. Qiu Xindong, chairperson and party secretary of FAW, and important guests jointly pressed the start device to officially open the 2024 Hongqi Automobile Culture Festival.

Afterwards, the party released the passion, the dance ignited the vitality, and the wonderful programs took turns. Fans created the song "Breaking Dawn" together, which played the resonance of youth. The new Olympic event break dancing helped ignite the scene and released the enterprising style.

Hongqi invited athletes Xing Aowei, Ding Ning, He Zi, and Hongqi fans from all over the world to witness the "reward" of the red flag to the Olympic athletes who have won glory for the country. Liu Yigong, general manager and deputy secretary of the Party Committee of FAW of China, announced on the spot: "In the Olympic arena, every time a five-star red flag is raised, we will present the model of Hongqi new energy to the glory athletes – a glory version car, with respect to the customized courtesy, to pay tribute to the glory moment and the pride of the country!"

In addition to the "courtesy" of the Olympic athletes, the red flag also does not forget to give "love" to the fans who support them. For every five-star red flag raised in the Paris Olympic stadium, the red flag will give a lucky fan the right to use a red flag EH7 for half a year.

During the Olympic Games, Hongqi will set up a registration channel in the National Hongqi Experience Center. Fans can enter the store to test drive Hongqi products and leave a message to participate in the lottery, and have the opportunity to become lucky fans and unlock the full level of surprises in the same car of Honor Athletes.

[Autohome Bayin Guoleng Discount Promotion Channel] brings you the latest preferential information. The current model is undergoing a price reduction promotion in Bayin Guoleng. Buyers can enjoy a cash discount of up to 15,000 yuan, which means that the minimum starting price has been reduced to 147,800 yuan. This undoubtedly provides an attractive car purchase opportunity for consumers who are interested in purchasing this new energy model. To seize this opportunity and get the most accurate car pickup price, please click the "Check Car Price" button below to make the discount at your fingertips.

Haval’s second-generation big dog new energy has a unique appearance design, with a tough front face. The air intake grille adopts a large area of hexagonal design and sharp LED headlights to create a strong visual impact. The overall style fuses the hard elements of the SUV with the modern sense of new energy, showing a futuristic urban style. The body outline is smooth and the details reveal exquisite craftsmanship, making this new energy model more recognizable.

Haval’s second-generation big dog new energy outlines a dynamic and stable body shape with exquisite side lines. Its 4705mm length and 1908mm width give the vehicle a spacious body ratio. The wheelbase reaches 2810mm, making the interior space more abundant. The front and rear wheel tracks are 1641mm and 1640mm respectively, further ensuring driving stability. The tire specification is 245/55 R19, with an elegant wheel rim design, which not only improves the handling performance, but also adds the sporty atmosphere of the vehicle. Overall, Haval’s second-generation big dog new energy shows the perfect combination of fashion and practicality on the side.

Haval’s second-generation big dog new energy interior is exquisite and practical, showing the fusion of luxury and technology. In the cockpit, the steering wheel is made of cortical material, providing a good grip and comfort. It supports manual up and down + front and rear adjustment, which is convenient for the driver to personalize according to needs. The central 14.6-inch high definition central control screen acts as the brain of the vehicle, integrating multimedia system, navigation, telephone, air conditioning control and window adjustment. The information display is clear and convenient to operate. The car is equipped with USB and USB/Type-C interfaces to meet the charging needs of passengers. At the same time, the front row also supports wireless charging function of mobile phones, which further enhances the convenience.

In terms of seats, the seat material is a combination of imitation leather and genuine leather, which not only ensures comfort but also has a certain degree of durability. The driver’s seat supports front and rear adjustment, backrest adjustment, high and low adjustment (4 directions) and waist support (4 directions), providing multi-directional personalized support. The passenger seat also has front and rear adjustment and backrest adjustment functions. In addition, the driver’s seat also has a power seat memory function, which increases the convenience of the driver. The second row of seats supports backrest adjustment, which is spacious, and the seat reclining function provides more possibilities for the luggage compartment. Whether it is loading or leisure travel, it shows the flexibility and practicality of big dog new energy.

For Haval’s second-generation Big Dog New Energy, it is equipped with a 1.5T turbocharged engine that can burst out a maximum power of 123 kilowatts, and the torque performance is equally excellent, reaching 243 Nm. This engine is perfectly matched with the 2-speed DHT transmission, providing the vehicle with efficient power output and a smooth driving experience.

In general, Haval’s second-generation big dog new energy gives the vehicle a unique wild charm with its unique square box design, as well as the side lines and rough wheel eyebrows mentioned by the owner. Under the sunlight, the golden-brown body adds a mighty and domineering temperament. This new energy model not only satisfies people’s pursuit of individuality in appearance, but also meets the needs of environmental protection, continuing the practical and hard style of the Haval brand. The enthusiastic praise and practical experience of the owners undoubtedly add more trust and purchase desire to Haval’s second-generation big dog new energy.

1905 movie network feature In 2020, Wen Shipei had a particularly busy year. He had just finished filming the film "Once Upon a Time in the Tropics" in the summer, and in the winter, he had caught up with the short film "Killing Time" to start. In the past year, he had been idle, writing a new script while waiting for his work to be tested by the public.

　

To some extent, Wen Shipei is a creative director with a forward-looking consciousness, bold, avant-garde and with ideas.

　

Two years ago, the concept of the meta-universe had not yet arisen. He had already begun to think: when technology developed to a certain extent, machine labor had completely replaced human labor, and human labor was no longer needed by society, how would the ruling class want humans to spend the rest of their lives? How would humans consume their time?

　

He wrote the answer to the question into a screenplay, which later became "Kill Time," an infinite fantasy about 2046. As a unit of "After Tomorrow," produced by Ning Hao and starring Zhang Yu and Li Manxuan, the short film has been released recently.

　

There was a particularly long kissing scene between the two of them in the play. Zhang Yu hugged Li Manxuan and went from lying down to spinning, from still to jumping, from heaven to earth, like a dance that lasted for two minutes and forty seconds. In order to film this "kissing scene dance" well, Zhang Yu, who lacked dance experience, threw himself into intensive training before the film started, stood on tiptoe, practiced spinning, and "overcame" jumping. It took two weeks of hard work to get the last less than three minutes of amazement. During the "kissing scene", Zhang Yu was still the "abused" party and was slapped by Li Manxuan a lot. Because this detail was photographed many times, he was also "really slapped" forty or fifty times, making a sound.

　

Wen Shipei interpreted the meaning behind the passage, "It embodies the complete stage of a love: encounter, know, fall in love, hurt, forgive, compound, separate… As Garci ? a Márquez said in" One Hundred Years of Solitude, "even the most fanatical and faithful love is just a fleeting reality. In the end, it will only leave a hundred years of loneliness. And even if it will eventually be separated, boys insist on pursuing girls, which shows that love is our weapon against nothingness."

　

From "Once Upon a Time in the Tropics" to "Kill Time," Wen Shipei gradually formed his own narrative style and began to emerge among newcomers. Of course, there are occasional voices who feel that his ability to stand out is somewhat blessed by the blessing of luck. From successfully signing Ning Hao’s "Bad Monkey 72 Becomes a Young Director Program" to his debut partner Peng Yuyan and Zhang Aijia, Wen Shipei has been relatively smooth compared with many new directors.

　

"It’s hard to judge whether a director is lucky or unlucky. I am a lucky director, but I also have unlucky moments. I am an unlucky director, but I also have lucky moments." Looking back indifferently, Wen Shipei chose to emphasize that luck was just a note.

　

It is well known that only by creating excellent works can a director achieve good luck.

　

The following is a transcript of the conversation between 1905 Movie Network and Wen Shipei:

　

1905 Movie Network: Talk about the inspiration for the short film "Killing Time". What is the core that you hope to convey to the audience through this short film?

　

Wen Shipei: In simple terms, this is a love story that takes place in the future. A boy likes and pursues a girl. It involves an imagination of the future society. Based on various technological premises, robots can adapt to all walks of life, and even replace human labor. For example, autonomous driving is about to replace the driver industry. In the future, human labor may no longer be needed, so how will the ruling class want people to spend their lives, and how will humans consume their time? This is an imagination. I think a lot of science fiction works are about the present, about specific problems in our lives, or a tendency to change.

　

1905 Movie Network: Share the design of the two protagonists’ "kiss dance" in the film. What is the specific significance of this plot?

　

Wen Shipei: My imagination of it is a love from beginning to end. Two people meet and love each other, during which there is suspicion, mutual hurt, and finally inevitable separation. This kiss is designed based on this concept. As Márquez said in "One Hundred Years of Solitude", no matter how loyal love is, it may be fleeting, and in the end it will only leave an eternal one hundred years of loneliness. Because human life is limited, then love must be limited. They collide, then kiss goodbye, and separate, but boys still hope to pursue girls. Love is our weapon against nothingness.

　

1905 Movie Network: To some extent, do you agree with others’ evaluation that you are a relatively lucky director?

Wen Shipei: Some people say I’m lucky, some people say I’m not lucky, and I don’t know what others will say. People are complicated, and I’m a lucky director, but I also have unlucky times. I’m an unlucky director, but I also have lucky moments. Now a lot of things are just making complex concepts rough and simple, and these need to be considered in a longer time dimension.

　

1905 Movie Network: Talk about the change of mindset after filming "Tropical Past" and "Kill Time"? Are there any new creative plans next?

　

Wen Shipei: My mentality has not changed much. At present, I am still in the process of learning and growing up. Of course, during the learning process, I am also exploring more step by step. The most important thing is the story I want to tell next. I have considered a lot, and the second feature film is being created. It is inconvenient to disclose it for the time being, and it is not allowed to disclose it. (laughs)

　　On August 14, Hengda Automobile (0708.HK) announced that it had received a strategic investment of about 500 million US dollars from the Newton Group (Nadaq: NWTN) headquartered in Dubai, UAE.

　　It is understood that Newton Group is committed to providing global users with passenger-centric high-end electric vehicle products and green energy solutions, and has a vehicle assembly plant in Abu Dhabi. This investment in Evergrande Automobile will effectively solve the financial problems of Evergrande Automobile, help Evergrande Automobile to fully promote the production and sales of Hengchi 5, and further promote the development and mass production of new models such as Hengchi 6 and Hengchi 7.

　　As Hengda’s first mass-produced car, the Hengchi 5 has been officially mass-produced at the Tianjin factory in September 2022. According to the 2022 financial report released by Hengda Automobile, more than 320 Hengchi 5s were delivered during the reporting period last year. At the same time, Hengda Automobile has also built display experience centers, sales centers and after-sales service centers in Beijing, Shanghai, Guangzhou and Tianjin. As of the end of May this year, the cumulative delivery volume of Hengchi 5 exceeded 1,000 vehicles.

　　Despite this, Hengda still faces serious losses. According to the previously released financial reports, in 2021 and 2022, Hengda Automobile lost 56.344 billion yuan and 27.664 billion yuan respectively, and the cumulative loss in two years was 84 billion yuan. Due to insufficient funds, Hengda Automobile’s Tianjin plant suspended production of Hengchi 5 on April 24 this year, and did not officially resume production until May 23.

　　As Hengchi 5 continues to advance mass production, Hengda Automobile is also further improving its product matrix. It is reported that the current Hengchi 6 and Hengchi 7 new models have been designed and frozen, and a large number of tests have been carried out to verify, including the winter and summer standards have been completed, and are fully promoting research and development and mass production.

　　Behind this, Hengda Automobile is also actively building a complete production and supply chain system. At present, Hengda Automobile has established an automobile manufacturing base in Tianjin in terms of production and manufacturing, with an annual planned production capacity of 50,000 sets, and has auto parts manufacturing bases in Shanghai and Guangzhou. The annual planned production capacity is 100,000 sets and 200,000 sets respectively. In addition, Hengda Automobile has also established cooperation with nearly 200 world-renowned suppliers such as Bosch, Mainland, Ambove, and Ningde Times to build a supply chain system. (Author: Vivi)

　　Content navigation:

　　On May 9th, the largest cross talk program in the mobile phone industry was ushered in: the Hammer Spring New Product Launch, and Lao Luo’s head pill launched the dual-camera nut Pro amidst various cheers. The next few days were all about consumers’ after-dinner topics.

　　The hammer also has another blockbuster product that was not announced at the press conference. It is the hammer P1000 two-way fast charging mobile power supply.The serious white and gray overtones hide a very powerful performance. According to the spy introduction, the hammer uses a relatively rare scheme.

　　Unpacking:

　　The hammer P1000 two-way fast charging mobile power supply is priced at 199 yuan in the official mall, which is full of "feelings". The product packaging uses a white carton, and there is nothing else except a bright red hammer logo.

　　Information parameters at the bottom of the package, product name: 10000mAh two-way fast charging mobile power supply, model: P1000, input interface: Type-C, output interface: USB-A, input parameters: 5V3A/9V2A/12V1.5A, output parameters: 5V3A/9V2A/12V1.5A, battery capacity: 10000mAh/38.5Wh, Beijing Hammer Digital Technology Co., Ltd.

　　List of unpacked items: Type-A to Type-C output short line x1, mobile power supply body x1, manual x1.

　　The appearance of the whole can be divided into 3 pieces of plastic material shell, the top is pure white, the bottom shell is light gray, the surface shell is dark gray, the overly gray tone appears calm and serious, the dark gray surface shell is printed with a deeper gray hammer LOGO "smartisan", the contrast is not high LOGO does not highlight, pay more attention to the overall sense, you have to look carefully to see what the word is.

　　Looking at the bottom, the bottom case is a lighter gray shell, and the entire panel is covered with 46 grooves to improve the feel.

　　In terms of the top layout, the far left is the power activation button, and the middle of the button has a pinhole that serves as an indicator light. The green, orange and red indicators show different corresponding power levels, that is, multiple states of a single light. In the middle is a regular Type-A output hole, nominal output performance: 5V3A/9V2A/12V1.5A, and the far right is a Type-C input interface, input performance: 5V3A/9V2A /12V1.5A.

　　The corresponding relationship between the power and the color of the indicator light: green indicates 70-100% of the remaining power, orange indicates 30-70% of the remaining power, red indicates 10-30% of the remaining power, and red flashes below 10%.

　　Bottom nameplate information, product name: 10000mAh two-way fast charging mobile power supply, model: P1000, input: 5V3A/9V2A/12V1.5A, output: 5V3A/9V2A/12V1.5A, battery capacity: 10000mAh/38.5Wh, manufacturer: Beijing Hammer Digital Technology Co., Ltd.

　　The weight of the hammer two-way mobile power supply body is 179.53g, and the hammer is really lightweight in the 10,000 mAh mobile power supply. (Other products of the same level weigh more than 200g)

　　Hammer P1000 head is also very petite, length, width and height are 132mm * 67mm * 12.8mm, and friends 10,000 mAh fast charging mobile power supply size and size comparison, from left to right are Meizu M10, Romas P10S, Huawei glory AP08Q, I hammer P1000, Xiaomi 2 PLM02ZM.

　　Previous page 123 Next page

　　　　　　　　　　　　Content navigation:

　　Disassembly article:

The disassembly method of the hammer first pulls the head out, and the raised shrapnel bayonet on the main body can be seen, which is fastened to the head cap.

The battery is fixed by the inner card slot, and a 4mm space is reserved with the shell to resist impact and avoid the danger of damage to the battery cell.

　　In terms of battery packs, the hammer mobile power supply uses a high-voltage & ultra-high-density battery codenamed M74 produced by Tianjin Lishen Battery, with a single-chip 10000mAh capacity of 38.5Wh and a full-charge voltage of 4.4V discharge platform of 3.85V.

　　Under the same volume, high-voltage high-density batteries can provide higher energy. Lishen’s high-voltage high-density batteries have a huge distribution volume. Most brands of high-end mobile power models will use Lishen 4.4V batteries, which shows that they are very mature and reliable and have won the trust of major manufacturers.

Battery pack PACK process, outsourcing white anti-wear adhesive paper, inside is white insulating barley paper and high temperature resistant tape, the safety is the best.

　　At a glance on the front of the PCB, we can see that the inductance of the hammer mobile power supply is larger than that of the common ones. The 10 * 10 inductance is 7 * 7 in the conventional mobile power supply. Three parallel low-resistance patch protection tubes can effectively reduce losses and improve efficiency during high-current charging and discharging.

　　PCB back list, the back of a large area of copper clad, there is a 1206 package of 10 milliohm alloy galvanometer, the battery is directly connected to the PCB by nickel strip spot welding.

　　In terms of the solution, Suzhou Yineng Micro EasePower EDP3016 was selected. EDP 3016 is a SOC chip for fast charging mobile power supply. It integrates a variety of fast charging protocols and can realize fast charging of mobile phones/mobile power supplies.

　　Integrated charge and discharge management inside the chip, led indicator light, battery overvoltage and overcharge protection, output overvoltage, under voltage, over current, short circuit protection. Adapter overvoltage, under voltage protection, battery temperature protection and other multiple protections.

　　A variety of sub-models can support 4.2V4.3V4.35V4.4V batteries with different full voltages, with a charging efficiency of 95% (measured at 12V1.5A), a discharge efficiency of 94% (measured at 12V1.5A), and a maximum charging current of 3A with a maximum discharge current of 3.4A.

Techcode American Ted Semiconductor *** 3307 low resistance MOS, the function is to output overcurrent protection, close Q1 when overcurrent to close the output.

Single inductor structure, one inductor can handle charging and discharging, and two Techcode low-resistance MOSs next to it are responsible for synchronous rectification and boosting.

　　The power-on activation button is wrapped with a circle of shading sponge, and a 3-color LED is placed in front of the button. The multi-color LED can display a variety of remaining power status with a single LED.

A copper sheet is welded on the PCB first, and then the nickel strip of the battery is spot welded to the copper sheet. The solder joints are firm and have no breakdown.　　　　　　　　　　　　

　　　　　　　　　　　　Content navigation:

　　Performance article:

　　Come to the performance section to see the powerful performance of the hammer two-way fast charging mobile power supply. Using the POWER-Z FL001 tester to monitor the input, even the most common conventional 5V input is as powerful, with an input power of 5.02V3.15A and 15.8W.

　　Next comes the output section, using the Power-Z KM001 tester to monitor the output of the hammer mobile power supply. The maximum output performance of 5V is 4.95V3.61A and 17.9W.

　　The hammer P1000 two-way fast charging mobile power supply is made of a three-color plastic shell, with no extra lines and no extra labels. The tone is white to gray, and the monochrome calm style is exceeded. The power button contains a three-color indicator light.

　　The interface uses conventional Type-A output + Type-C interface input, and the input supports a variety of fast charging specifications such as MTK PE, QC2.0, QC3.0, and high-power 5V. The maximum input power is 18.96W. In terms of output, fast charging supports QC2.0, QC3.0, and FCP output. The maximum output power is 24.84W, providing powerful performance.

　　The battery pack is selected from the M74 high-voltage ultra-high-density battery provided by Tianjin Lishen Battery, with a 4.4V full-charge discharge platform of 3.85V and a 10000mAh 38.5Wh, which can provide higher power under the same volume.

　　The solution uses the relatively rare SOC integration solution of Suzhou Yineng Microelectronics EASE POWER EDP3016 fast charging mobile power supply, integrates a variety of fast charging protocols, integrates charge and discharge management and multiple protection functions, and all MOSs use low-resistance MOSs to further improve efficiency.

　　The performance of the hammer mobile power supply is very powerful, and whether you can afford this "hammer" of Thor depends on consumers, whether the wallet power is strong enough (199 price).

Original title: In the face of high-performance luxury pickup guns, I just want to say: How much is it, let me give up!

"Make China pickup trucks popular all over the world" is a declaration and a goal. The rise of the Great Wall Cannon is unstoppable, and the evolution of the Great Wall Cannon is unstoppable. The Chengdu Auto Show, the first show of the Great Wall Gun’s large-scale high-performance luxury pickup truck Shanhai Gun in the world, is enough to explain everything. Not only that, the innovative pickup truck models such as the New Farmer Edition of King Kong Gun, the Firebomb Rage Qingqi, and the high-end customized version of the Great Wall Gun RV were all present, and the booth of the Great Wall Gun became different again.

Return to position c, shanhai cannon.

When you listen to it, there is a sense of the atmosphere of mountains and rivers. Mountains and seas are not just simple meanings of mountains and seas. In China culture, we can easily associate them with The Classic of Mountains and Seas, which is called an encyclopedia, while the Classic of Mountains and Seas and China culture can be called treasures. So what does it mean to the Great Wall Gun?

The Great Wall has always been highly accomplished in naming cars, and the name of Shanhai Gun is also the result of global collection and user creation, as the official said, but the author also believes that it contains more culture and spirit. Of course, it is difficult to achieve much by indulging in some nihilistic imagination, so Shanhai Gun not only has this name, but also has great achievements in product strength.

High performance. Shanhai Gun comes from the intelligent professional off-road tank platform, and is equipped with China’s strongest and world-leading high-performance 3.0T V6+9AT power system. Its powerful outdoor off-road capability can be seen. More importantly, the whole system of Shanhai Gun comes standard with Borgwarner 4A+LOCK four-wheel drive system. There is nothing to fear between mountains and seas, mountains and rivers, and then we wait for the name of Shanhai Gun to resound through the earth. At the same time, Shanhai Cannon will also launch a model equipped with 2.4T diesel and 2.0T gasoline HEV power combination, with comprehensive coverage and ultimate experience. If it is not the name of mountains and seas, who can issue the declaration of "crossing mountains and seas and exploring the ultimate life"?

Super luxury. Power is strong, luxury is real. Shanhai cannon and luxury are first reflected in the advanced business cockpit. Perhaps no one thought that a pickup truck actually has an extremely luxurious cockpit, so that users can reach the ultimate driving experience of the leapfrog SUV. Secondly, it also has the function of electric welcome adjustment in the back row, which is the first in the world. In addition, the NVH ultra-quiet experience in the back row has also performed extremely well under the blessing of many innovative patented technologies. In addition, there are increased holdings of high-level intelligent driving assistance, fully automatic parking and other technological configurations. The sense of luxury and self-confidence presented by Shanhai artillery seems to be handy, and I can’t help but think of that sentence: the so-called luxury is only familiar.

Super fun. If a pickup truck is easy to use, then fun is the sublimation of product strength. The ever-changing expansion space of Shanhai Gun conveys a super-fun attitude. Relying on the first design of split+flat tailgate in China, Shanhai Gun is turned into a convenient pickup truck model that can cope with multi-scene use. The first is the spatial layout of the three-door trunk, which is flexible and changeable, and can be adjusted and disassembled at will. Secondly, 18 matrix anchors are reserved in the trunk, leaving enough space for subsequent trips, modifications and other ways to play with cars.

At this point, the ultimate three products of Shanhai Gun are presented one by one-"high performance, super luxury and super fun". The disappearance of Shanhai Cannon represents the masterpiece of category innovation in the era of Great Wall Cannon 2.0, and at the same time fills the gap of high-performance category of pickup trucks in China. Therefore, both the brand Great Wall Gun and the model Shanhai Gun have different meanings here.

The all-round display of product strength can attract a large number of users, coupled with the presentation of its mountain and sea culture, is a more perfect mountain and sea cannon. Inciting pickup truck culture with mountain and sea culture is also the core of mountain and sea artillery.

Shanhai Gun is consistent with many models of the Great Wall, and also insists on creating user brands with users. So this time, many life players were invited to witness the appearance of Shanhai Gun, including the paraglider Abu and the "goddess of waterinfo" He Haohao. These two have something in common with Shanhai Gun, and both have the spirit of daring to challenge, pursuing the ultimate and constantly exploring, and the root of Shanhai culture lies in this.

At the same time, Shanhai cannon not only uses KOL’s gimmicks to create momentum, but will be recognized by the market together with the general public. In the future, we will recruit 100 mountain and sea culture co-creation officials on global platforms such as TikTok and the Great Wall Gun APP to realize the concept of "the ultimate life of mountain and sea" and achieve the goal of creating mountain and sea culture and sharing the ultimate life.

Finally, I want to say, "This is the worst time and the best time." This sentence is suitable for the Great Wall Gun brand. It started in the era of banning pickup trucks, but it went to the world as the first high-end pickup truck brand in China that broke through 300,000 units, and it only took three years from the 1.0 to 2.0 era. That sentence makes "China pickup trucks popular all over the world!" It’s really not just a slogan, but a constant breakthrough at the speed visible to the naked eye. Finally, I returned to the theme to ridicule, Shanhai cannon is so excellent, how much is it, let me give up!

Editor in charge:

Autopilot has attracted much attention recently.

According to the Securities Times, before the US stock market closed on Monday, Morgan Stanley released a research report saying that Tesla was used.Dojo Supercomputer for Training Autopilot System of AutomobileMight make the companyThe market value has increased by as much as $500 billion.. According to the research report, Dojo supercomputer can open up a "new potential market" for Tesla. On this basis, analysts upgraded Tesla’s rating from "holding" to "over-matching" and raised the target price for the next 12 months from $250 to $400.

Institutional analysts pointed out that Tesla’s share price still has a large room for growth, and software and services have become Tesla’s biggest value drivers, which are truly realized."Soft and hard take all". In July this year, Musk said at the company’s earnings conference that Dojo had started production and was considering authorizing its FSD(Full Self-Drive) hardware and software to other car manufacturers.

As soon as the news came out, the US stock price of Tesla was the same day.Up 10.09%, closed at $273.58 per share, with a total market value of $868.3 billion, soaring nearly $80 billion a day (about RMB 580 billion).

Tesla news also blew the benefits to the A-share related concepts, which resonated with the recent news of intensive domestic autopilot policies, stimulating the sector to continue to rise.According to the Wind financial terminal, the Wind Driverless Index (884162) fluctuated and rose this year. After hitting an intraday high of nearly a year on July 12, it experienced a callback for nearly a month. It began to stabilize and rebound on August 28 and closed on September 12.The range rose by more than 12%.

(Source: Wind)

In terms of financial performance,A-share smart driving concept stocks generally reported good results in the first half of the year.Among the 38 smart driving concept stocks, 28 companies achieved profitability in the first half of the year, accounting for over 70%. Among them, the net profit of Baolong Technology, Guangting Information, Daotong Technology and Asia Pacific Shares doubled year-on-year; Huayu Automobile, Top Group and Desai Siwei are the top three in terms of profit scale.

CITICSThe research report pointed out that global resonance,The domestic smart driving market is welcoming three turning points.：

1) Technically:Tesla’s "BEV+Transformer+ Data Closed Loop" model began to get on the bus in 2023, making it possible to navigate the city without relying on high-precision maps;

2) Commercialization:It is expected that the urban navigation function of various car companies will be intensively implemented from Q4 in 2023, and some of them will no longer rely on high-precision maps, and the commercialization of FSD in North America and its entry into China are also expected to accelerate;

3) Policy:Recently, the L3 autopilot policy has been intensively implemented, and the follow-up is expected to continue to heat up. It is expected that the above three turning points are expected to be realized one after another from September to early next year, leading a new round of smart driving.

The policy has been intensively implemented, and the L3 level has been "accelerated"

Recently, policies have been intensively implemented, and many attempts have been made to develop test roads to promote the improvement of the autonomous driving market. The industrial chain is experiencing an important link of entering a high-level stage.

Cinda securitiesIt is pointed out that L3, as the key node of assisted driving towards automatic driving, is currentlyThe domestic industry is in an important stage of transition from L2 to L3.L3 stage representative functions such as high speed and NOA(Navigate On Autopilot) have gradually begun to land.

(Source: Cinda Securities)

Chuancai securitiesIt is pointed out that the assisted intelligent driving market in China is becoming more and more popular, and consumers’ awareness of this function is increasing. Under this background, the government has vigorously strengthened the integrated development of vehicles and Lu Yun. The auto-related sectors related to intelligent networking mainly include auto parts sectors such as chip sensors, and we are optimistic about the future incremental space of related sectors.

Domestic companies actively deploy high-level smart drivers, and large models are rapidly promoted.

1 Tesla leads, and the new forces of building cars actively follow up the big model data.

Under the application of Tesla’s "BEV+Transformer+ Data Closed Loop" model, the technical feature of Tesla FSD is to remove most radars, which provides technical feasibility for light mapping. Among them, BEV is a bird’s-eye view. After the 3D information is obtained by the sensing sensor, it is interacted and fused with each image feature through the multi-layer Transformer, and finally the BEV feature is obtained. Not only can the spatial information be supplemented, but also the static target can be processed more efficiently.

Under the guidance of Tesla’s trend of "light map" and "heavy perception"Many companies in China, such as Huawei, Tucki and LI, have also begun to explore getting rid of the pilot driving of high-precision maps and actively lay out the development of large models.

Guoxin SecuritiesIt is pointed out that the landing of large model is expected to effectively improve user stickiness, and the company’s investment willingness is expected to be strong.Drive the upstream and downstream of the car industry chain to fully benefit..

　(Source: Guosen Securities)

(2) The large model helps to reduce the cost, and the NOA market in urban areas can be expected.

(Source: Guosen Securities)

Guoxin SecuritiesIt is estimated that in 2025, the penetration rate of autonomous driving with urban assisted driving function will increase from the current 0.4% to 6%.In 2025, the domestic autonomous driving market with urban driving assistance function will be 51 billion yuan.. In the long run, the market scale will continue to increase with technological progress.

(Source: Guosen Securities)

(3) The landing of large model promotes the hardware reform of intelligent driving.

Dongguan securitiesIt is pointed out that with the continuous improvement of the penetration rate of intelligent driving, as an important execution system in the field of intelligent driving, brake-by-wire has entered a period of rapid growth. With the continuous iterative upgrade of product technology,Domestic brake by wireIt is expected to achieve a breakthrough on the new track.

(Source: Guosen Securities)

Institutional concern

1) vehicle-mounted high-speed communication:Dianlian Technology, Long Xun, Yutaiwei, Chuangyao Technology;

2) Relevant targets of domain control and localization of Horizon chip:Tianzhun Technology, Desai Siwei, Junsheng Electronics, Jingwei Hengrun;

3) Intelligent driving visual sensor:Lianchuang Electronics, Weir, Stevie, Gekewei, Jingfang Technology;

4)4D millimeter wave radar:Jingwei Hengrun, Weifu Hi-Tech, United Optoelectronics;

5) Lidar:Changguang Huaxin, Juguang Technology, Yongxin Optics.

1) Independent brand intelligent leading car enterprises:BYD, Changan Automobile, SAIC, Guangzhou Automobile Group, etc.

2) New forces in building cars:Xpeng Motors, LI, etc.

3) Global leader in new energy vehicles:Tesla

1) Decision-making level:Desai Siwei, Coboda, Junsheng Electronics;

2) Algorithm layer:Xpeng Motors;

three) executive layer:Bethel, baolong technology.

(Report source: Cinda Securities, Guosen Securities, Debon Securities, CITIC Securities, Dongguan Securities, Chuancai Securities)

(The information in this article does not constitute any investment advice. The published content comes from licensed securities institutions and does not represent the platform’s point of view. Investors are requested to make independent judgments and decisions. )

Residents of the community gave Dong Lianghong a thumbs up.

　　one person

　　I ate lunch at noon and started to play games. I didn’t go to sleep until 6 or 7 o’clock the next morning. After sleeping, I got up and continued to play. This kind of life lasted for 8 months, resulting in retinal detachment in both eyes. After three operations, I saved part of my vision and changed his life.

　　A team

　　I joined the volunteer service team and became a volunteer, hoping to bring my skills to those who need them more, and at the same time help those disabled people who are hiding in the dark corner like themselves, to bravely come out, integrate into society and face life optimistically.

　　Xiao Xiao, a 26-year-old boy from Chengdu, played games in front of the computer day and night for eight months, resulting in retinal detachment in both eyes, leaving only one eye with weak vision. Losing his light, he tried to commit suicide, but with the help of his family, friends and society, he walked out of the darkness. He not only became a blind masseur by himself, but also joined a special volunteer team to help others give back to society.

　　On the morning of November 14th, in dressing the, Xiao Xiao and the volunteer team came to Chengdu Wanjiafudi Community with a toolbox, providing services such as haircut, massage and shoeshine for the elderly and needy people here. What moved the residents at the scene was that these volunteers were all disabled, some of them were deaf and some were physically disabled. They were the service team for the disabled in Qingyang District of Chengdu and the first volunteer service team for the disabled in Sichuan Province.

　　"Self-improvement, self-confidence and gratitude are our slogans and the original intention of building a team." Zeng Guanghui, captain of the service team for the disabled in Qingyang District, Chengdu, said.

　　free service

　　Massage haircut shine shoes

　　Disabled volunteers come to serve the elderly and the weak in the community.

　　On November 14th, after several days of cold weather, the long-lost sunshine came out, making the earth warm. In Wanjiafudi Community, a group of volunteers wearing red vests and red caps are busy, having haircuts, massages and shining shoes, providing convenient services for the elderly and the weak here. The scene is very warm.

　　However, half an hour ago, when the volunteers first arrived, everyone just stopped to watch, and few residents received services. "They are all disabled people and people in need. How dare we ordinary people accept their free services?" Residents of the community said. It turned out that the volunteers who entered the community service this time were different from the past. They came from the disabled people’s service team in Qingyang District, Chengdu. The team members were all disabled, some were deaf and dumb, and some were physically disabled. Behind the volunteers, there is a poster with the words "self-improvement, self-confidence and gratitude" very eye-catching.

　　"Disabled people need self-improvement and self-confidence, and we should understand and respect them." Mr. Chen, the citizen, accepted the shoeshine service before he first came to the shoeshine booth. In Uncle Chen’s view, it is a good thing for disabled volunteers to provide services, which can prove their self-reliance and self-confidence. Everyone should understand and respect them. If they do well, they should be praised. Even if they are not good, they should be encouraged to improve their self-reliance.

　　When everyone learned the original intention of the volunteers, they enjoyed the free service of the volunteers and gave them a thumbs-up and praise.

　　"Teacher, my back has been hurting for two weeks. Please give me a massage." He Zihua, a 75-year-old man, accidentally bumped into his waist at home two weeks ago, put on a plaster, and still felt dull pain. When she saw Xiao Xiao, who provided massage service, she went forward for consultation. "You may have a bad breath in your abdomen. Let me massage it for you." Xiao Xiao arranged for the old man to sit down, gently knead it with his fingers, and carefully asked about the symptoms. After analysis, the symptoms of the old man’s abdominal rib bifurcation were ruled out, which may be caused by impact. It is recommended that the old man go to the hospital for another examination. The reporter noticed that in the process of massage, Xiao Xiao also set up a dragon gate array with the old man, such as how old he was, how many people in his family, and what he liked to eat. The whole communication process was very pleasant, and the old man did not have a different vision because he was disabled. For the service of volunteers, the old man expressed great gratitude. "I am old, my legs have been in car accidents before, and it is inconvenient to move. Thank them for providing services and helping us elderly people."

　　exert oneself constantly

　　Not only can I earn money and live independently.

　　You can also help others in need.

　　"I want to prove myself, and I can do what normal people can do." Xiao Xiao, 26, is a member of the volunteer team. After graduating from college, he worked in sales, earning seven or eight thousand yuan a month, and likes to get together and play with friends as much as young people. Three years ago, he quit his good job at that time and returned home to find a job. When he doesn’t go to work, his free time is naturally much more. He loves to play games and begins to immerse himself in front of the computer. He plays day and night. "I started to play after eating at noon, and I didn’t sleep until six or seven the next morning. I got up and continued to play." Xiao Xiao said that this kind of life lasted for 8 months. Later, when I went out to play with my friends, I suddenly found that I couldn’t see clearly, and my vision was blurred. Later, my eyes were completely dark.

　　After hospital examination, I was diagnosed with retinal detachment in both eyes and may be blind. After hearing the bad news, Xiao Xiao collapsed internally. "I am only in my twenties, and my life has just begun. After blindness, my life is over!" Unable to face the reality, he tried to commit suicide many times, but was stopped by his family and friends and constantly enlightened him. After three operations, Xiao Xiao’s left eye was partially preserved. Blindness has changed his life, but it has not faded his heart of active life. After being introduced, he came to the blind massage shop, where he not only learned massage techniques, but also made friends with disabilities. After coming into contact with this circle, he found that he could work and live like a normal person except for a few inconveniences.

　　"I used to be a child who didn’t grow up. I grew up after experiencing it. I want to reassure my family that I can not only earn money to live independently, but also help others in need." After learning that the service team for the disabled in Qingyang District of Chengdu will be established, Xiao Xiao joined the team in the first batch and became a volunteer. He said that he hopes to bring his skills to those who need them more, and at the same time help those disabled people who are hiding in dark corners like themselves, to bravely come out, integrate into society and face life optimistically.

　　Establish an initial heart

　　Grateful to give back to society.

　　Drive more disabled people into society.

　　In the eyes of some citizens, the disabled are also vulnerable groups in society and the object of everyone’s help, but now they have to accept the voluntary service of the disabled. Is this good?

　　"Self-improvement, self-confidence and gratitude are our slogans and the original intention of building a team." Zeng Guanghui, the captain of Chengdu Qingyang District Disabled People’s Service Team, said that the Chengdu Qingyang District Disabled People’s Service Team was formally established on November 8 this year. It is composed of Chengdu Qingyang District Minghui Disabled Service Center entrusted by Chengdu Qingyang District Disabled Persons’ Federation and consists of disabled volunteers. At present, there are 10 members. The team trains its members and provides convenience services such as shoeshine, haircut and massage for community residents, which reflects the spirit of self-reliance and self-reliance of the disabled, and at the same time gives back to the society’s care for the disabled.

　　At the service site, there was a team member who buried himself in shoeshine seriously. His name was Dong Lianghong, and he had a speech disability and could not speak. He communicated through gestures when polishing shoes for the public. He first brushed the dust with a shoe brush, then coated it with shoe polish, wiped it repeatedly, and finally dried it with a soft cloth. Soon, a pair of brand-new leather shoes were polished, and the citizens gave him a thumb. Dong Lianghong smiled happily. Zeng Guanghui said that in the past, Dong Lianghong looked forward to being at home because of his disability, and rarely dealt with outsiders. After being introduced by friends to work with him, people became cheerful. Before the establishment of the volunteer team, he often participated in some public welfare activities. "As soon as he heard of activities, he was very active in signing up." To this end, the establishment of this team, in addition to giving back to society, also hopes to mobilize more disabled people to join in and integrate into society.

　　The relevant staff of the Qingyang District Disabled Persons’ Federation in Chengdu told the reporter that this team is the first disabled volunteer service team in Sichuan Province. In order to support and encourage more disabled people to participate, the Disabled Persons’ Federation will also give volunteers some subsidies in transportation, meals and other aspects after each service. At the same time, Zeng Guanghui said that he hopes to expand the scale in the future, and provide more convenience services in addition to voluntary services, which can also promote the employment of disabled people. (Chengdu Business Daily-Red Star Journalist Zhang Yuting Photojournalist Liu Haiyun)