??important news
??The Shenzhen Station of the Smart Driving Competition won the champion, Xiaopeng G9 and Zhijie S7 won two or three points
On July 14th, the results of the Shenzhen Station City NOA Competition in the fourth stop of the 2nd China Smart Driving Competition were announced: JIXU α coefficient S won the Shenzhen Station champion, Xiaopeng G9 and Zhijie S7 won two or three points. Q M7 and JIYUE 01 followed.
??China responded by withdrawing from the price war: focusing on business quality and supporting dealers to play steadily
The Beijing News reported on July 12 that the online price war has caused serious losses in stores. BMW will reduce sales volume from July to stabilize prices, ease the operating pressure on stores, lower the rebate threshold, and cancel financial penetration and secret mining assessments.
In response to rumors that BMW China will withdraw from the price war, BMW China responded that BMW will focus on business quality in the Chinese market in the second half of the year and support dealers to make steady progress. According to previous reports, BMW’s price reduction strategy last year maintained its share. The annual discount rate was 17.66%, which was higher than the industry average. However, the price reduction did not exchange for a significant increase in sales. BMW China sold 376,000 cars in the first half of the year, down 4% year-on-year.
??Yang Xueliang: If you play fake cards, you should be punished, not asked to play with the rules
Ruijian Economy news, "2024 China Automotive Forum" was held in Shanghai from July 11th to 13th, with the theme of "Leading New Changes and Win-Win New Future". Yang Xueliang, senior vice president of Geely Holding Group, attended and gave a speech. Talking about the "price war should be done according to your ability, if you can’t follow it" mentioned by Li Yunfei, general manager of BYD’s brand and public relations department, Yang Xueliang said that Geely is still fortunate to play cards at the table. We hope that card friends will strictly abide by the rules. If some card friends steal cards and change cards, and fake cards are found, they should consciously and proactively accept penalties, rather than requiring rule-abiding card friends to be eliminated. I believe that China’s laws will definitely support good money to drive out bad money.
??Li Yunfei: China’s cars are "getting stronger and stronger", and going global has to go in
On July 14, Shanghai Securities News reported that at the 2024 China Auto Forum, Li Yunfei, general manager of BYD’s brand and public relations department, said that BYD hopes to build a world for Chinese brands overseas. He also said: "Chinese cars are getting stronger and stronger, and the better." Regarding "the stronger and stronger the roll, the better the roll", Li Yunfei said that the first is that China’s automotive technology is getting stronger and stronger. In the past four years, China’s mainstream auto brands have invested 2.5 times more in research and development than four years ago, and everyone attaches great importance to technology research and development.
Secondly, the more Chinese auto products are rolled up, the better. In Li Yunfei’s opinion, the products of Chinese car companies in the past three or five years have been compared with those of three or five years ago, compared with themselves, and compared with their foreign and joint venture counterparts. The products are indeed better and better.
In addition, the service of Chinese auto companies is also getting better and better. At the same time, China’s auto exports are getting more and more. "So I think this is the meaning of the volume. Our technology is getting stronger and stronger, the product is getting better and better, the service is getting better and better, the quality is getting harder and harder, the export is getting more and more, and the market share is getting higher and higher."
??Xiaomi Automobile has obtained independent production qualifications, and the word "Beijing" has been removed from the SU7 tail label
IT Home July 12th news, MIIT today released the "Road Motor Vehicle Manufacturers and Product Announcement" (the 385th batch), and Xiaomi Automotive Technology Co., Ltd. appeared among the newly admitted vehicle manufacturers. In the new product announcement, the "Beijing Xiaomi" in the tail label of Xiaomi SU7 was officially changed to "Xiaomi". Xiaomi’s network information on MIIT shows that the trademark of Xiaomi automobile products is "Xiaomi Brand", and the corporate name is "Xiaomi Automotive Technology Co., Ltd.", previously the information was "Group Off-Road Vehicle Co., Ltd.".
??The European Union will abstain from voting on the first round of temporary tariffs on Chinese electric vehicles on July 15
According to the Observer Network, on July 15 local time, European Union member states will vote on the plan to impose temporary tariffs on Chinese electric vehicles. On July 12 local time, Reuters quoted sources as saying that Germany will abstain from voting. The report described the vote as "the first test of the European Union’s landmark trade case".
According to the report, the first vote of European Union member states is conducted in writing and confidentially, and it is not binding. During the interim stage, the European Union Commission has the full power to impose tariffs, but will seek the views of European Union member states and should consider their positions. Then, the European Union Commission will hold a final vote at the end of the investigation, at which time it can propose the imposition of final tariffs, usually valid period of five years. According to the report, Germany’s abstention in the first stage of voting effectively means that Germany supports the European Union Commission to continue negotiations with China on the European Union’s largest trade case to date. Asked about abstaining, Scholz declined to confirm how Germany would vote, saying Germany expected the European Union Commission to succeed in reaching an agreement with China on electric vehicles that would benefit the European car industry.
??Canadian Finance Minister: Trade barriers to Chinese automobiles will be discussed, and trade issues with China may not only involve automobiles
On July 12, local time, Canadian Deputy Prime Minister and Finance Minister Chrystia Freeland revealed that she will hold talks with business and labor organizations next week to discuss the issue of trade barriers against Chinese-made automobiles, and hinted that the Canadian government may even be involved in more than just the automotive sector when it comes to trade with China.
Bloomberg reported that Canada, which relies heavily on two-way trade with the United States, has been closely watching the Biden administration’s move to impose higher tariffs on Chinese electric vehicles, solar photovoltaics, steel and other products. "Canada has no choice but to view its trade relationship from a so-called" national security "perspective, Freeland claimed. China is Canada’s second-largest trading partner after the United States.
??SAIC Motor’s first electric vehicle factory in Europe is planned to be located in Spain and will start production in the fourth quarter of 2027
On July 12, according to reports from Europa Press and Expansión, SAIC Motor is considering establishing its first electric vehicle plant in Europe in Spain to produce (MG) cars that will be sold in various markets in the region. At present, SAIC Motor is in talks with the Spanish Ministry of Industry on setting up a factory in the country. The news was confirmed to Europa Press on Friday local time by SAIC Motor. It is reported that the company will make a decision by September 30, and the new factory plans to produce the first car in the fourth quarter of 2027. MG expects to sell 250,000 vehicles across Europe in 2024, and these figures make it possible to carry out some production on European soil. SAIC also mentioned the establishment of a network of nearly 100 integrated service points covering the whole of Spain and the establishment of a logistics hub in Barcelona to manage the operation of MG cars throughout southern Europe. In addition, SAIC also stressed that in less than 40 months, it has directly created more than 500 jobs in Spain, as well as more than 1,000 indirect jobs related to its business.
??UBS downgraded its rating to sell, with an updated target price of $197
UBS cut its rating from neutral to sell, with a target price of $197. In a report, UBS said Tesla’s share price had risen "too much, too fast", making its current valuation increasingly difficult to justify.
The stock, currently trading at 86 times one-year forward earnings, lacks visibility and risks delaying or failing to meet growth targets. The agency believes that the high valuation of Tesla’s non-core business has reached a level that may raise concerns, driven by enthusiasm for artificial intelligence. According to historical experience, Tesla’s share price will enter a downward channel when the proportion of the car business in the stock price falls below 30%. UBS also pointed out that Tesla has delayed the launch of the original RobotTaxi, suggesting that project implementation may be more challenging than expected.
??domestic
??Xiao Ma Zhixing Vice President Zhang Ning: It will take at least 5 years to impact the traditional travel market and will not completely replace people
Zhongxin Jingwei reported on July 12 that recently, "turnip running" has become a hot word, and old taxi drivers are worried that driverless taxis will take away their "rice bowl". The reporter recently interviewed Zhang Ning, vice president of Xiaoma Zhixing and head of Beijing R & D Center. Regarding the "rice bowl" issue, Zhang Ning said that the current driverless market share has a very small impact on the market, and it will take five years to form a structural change to traditional travel methods. In terms of the current market share, the impact of driverless taxis on the market is actually very small. Zhang Ning also said that driverless vehicles will not completely replace people, which is determined by people’s needs. Driverless taxis provide standardized services, and even the best service can only meet the needs of some people. Some passengers require human-to-human communication and differentiated services. From this perspective, future taxis will move in a more refined direction.
??The official response to the M7 acceleration accident: the vehicle is not intelligent driving/the accelerator pedal is 100% open
Fast technology news on July 12, recently, a blogger shared a Q Jie M7 suddenly accelerated to a car accident. According to the owner’s feedback, his Q Jie M7 suddenly accelerated before the smart drive was turned on, causing it to lose control and collide with the bus in front. AITO car customer service responded to the matter a few days ago. The official said that the data showed that the vehicle was not intelligent driving before the collision, and the acceleration pedal was 100% open, which was not an AEB trigger scenario, and there was no active braking record. AITO car will actively cooperate with the police investigation, and the final result is subject to the official notice. According to the information shared by the blogger, a user bought a Wenjie M7 in January 2024. On July 6 this year, the owner went out to have a party with friends. The vehicle suddenly accelerated before the smart driving function was activated. The owner slammed on the brakes but did not respond. Eventually, it lost control and collided with the large truck in front. AITO car customer service said in response that we have paid attention to the situation, expressed condolences to the driver, and actively cooperated with the police investigation.
??Refuting rumors about cooperation in the field of AI medical care: the parties involved have deleted inappropriate remarks and apologized
Fast Technology July 12 news, recently, Li Auto refuted rumors about its cooperation with Yishide (Beijing) Medical Technology Co., Ltd. in the field of AI medical care. Li Auto’s legal department made it clear that Yishide’s publicity content has no factual basis and belongs to rumors and deception of consumers. The party involved, Yishide, has deleted all infringing content and issued a written apology to Li Auto. Li Auto emphasizes that it has a zero-tolerance attitude towards such infringement and will continue to crack down on illegal activities through legal means to protect the legitimate rights and interests of consumers.
??Extreme Krypton denies that "the new version 001 will be announced at the end of this month", soliciting clues to reward the first Extreme Krypton 7X car on the whole network
IT Home news on July 12, @JK Legal Department issued a rumor-refuting statement in response to the online news that "the new version 001 will be officially announced at the end of this month", saying that this news is false news and will be severely investigated for such illegal acts. Subsequently, Guan Haitao, CMO of JK Intelligent Technology, forwarded the Weibo and said: "In response to rumors and smears, we have also publicly solicited relevant clues and evidence to belittle, step on and maliciously slander the JK brand and products. If it is verified to be true, we will reward the clue provider JK 7X, the first user on the whole network. JK will work with netizens and all sectors of society to jointly respond to the clear action and jointly maintain a good network environment." Extreme Krypton’s first home model, the Extreme Krypton 7X, today revealed its first appearance. The car is positioned as a "luxury five-seat SUV", which focuses on "extreme safety, luxury shape, and comfortable space".
??Hunan Yilongwei new energy test drive car spontaneously ignited, after the official said that if it spontaneously ignited, it would be replaced with a new car for free
On July 13, according to Hengyang News Network, at 11 am on July 11, near the intersection of Government Affairs Center Street in Hengyang City, Hunan Province, an electric vehicle driving on the road suddenly spontaneously ignited. It is reported that the spontaneous combustion vehicle is D5XDMH, fortunately no injuries were caused, and the cause of the fire accident is under further investigation. It is worth noting that not long ago, SAIC Roewe introduced protection rights for non-operating owners of Roewe D5X DMH, Roewe D7 EV, Roewe D7 DMH and Roewe iMAX8 EV. It is clear that in the absence of human factors and external fire sources, in the event of a fire caused by the vehicle’s high-voltage battery pack (power battery), Roewe will replace a new car with the same configuration as the original car for free within 20 working days, or the owner can choose a new car with the same price and brand at the same price as the original car.
??Held a mid-term work conference in 2024 to meet the annual targets and tasks
According to GAC Group news, on July 13, GAC Group held a mid-term work conference for 2024 to comprehensively summarize the work of the group in the first half of the year, analyze existing problems, study solutions, and make important arrangements for the work in the second half of the year. Feng Xingya, general manager of GAC Group, said that the next focus is on seven aspects of work: First, strengthen confidence and turn around the business situation. The second is to pay close attention to the six forces (product power, brand power, marketing power, sales power, service power, and execution) to improve end point sales. The third is to coordinate efficiently and make every effort to strengthen its own brand. The fourth is to incrementally improve quality and make every effort to expand overseas scale. The fifth is to focus on the core and make every effort to promote scientific and technological innovation. The sixth is to break the ground and make every effort to deepen the reform Seventh, strengthen the foundation and consolidate the foundation, and make every effort to grasp the leadership of party building.
??Automotive Xiang Xingchu: The first product in cooperation with Huawei has entered the vehicle verification stage and is planned to go offline at the end of the year
IT Home July 12th news, the 14th China Automobile Forum was held in Shanghai from July 11th to 13th. Xiang Xingchu, chairperson of Jianghuai Automobile, said at the forum today that the first product cooperated between Jianghuai and Huawei has now entered the vehicle verification stage. It is planned to go offline at the end of the year and go on sale in the first half of next year. Yu Chengdong said in May that the first model of the smart car brand cooperated by Huawei and Jianghuai will be launched in the spring of 2025. In March this year, the Anhui Provincial Department of Ecology and Environment announced the "Jianghuai Annual Production of 200,000 High-end Intelligent Passenger Vehicle Construction Project Environmental Impact Report", which shows that the factory is expected to produce 200,000 vehicles annually, and will develop Jianghuai Automobile’s new energy exclusive DE platform and Huawei Intelligent Technology Empower’s X6 platform. Jianghuai Automobile’s June production and sales report shows that the company’s June sales volume was 32,915 vehicles, a year-on-year decrease of 3.69%; the previous 6 months car sales 206,200 vehicles, a year-on-year decrease of 7.57%.
??BYD Sea Lion 05 DM-i completes the application, equipped with DM 5.0 power system
Fast technology news on July 12, we have obtained a set of BYD Sea Lion 05 declaration pictures from the MIIT website. In appearance, the new car adopts the front face of the Ocean Net series, which is positioned as a five-seat compact SUV. In power, the new car adopts 1.5L naturally aspirated, or equipped with the fifth-generation DM technology. In terms of body size, the length, width and height of the new car are still 4710 * 1880 * 1720mm, and the wheelbase is 2712mm, positioning a compact SUV. In terms of power, the new car will be equipped with a 1.5L naturally aspirated engine with a maximum power of 74 kilowatts, and the maximum power of the motor is 120 kilowatts. It is matched by the Freddy lithium iron phosphate blade battery.
??Extreme Krypton’s first household SUV model 7X has been declared by MIIT: dual motors and lidar are optional
Fast Technology July 13th news, MIIT yesterday released the 385th batch of "Road Motor Vehicle Manufacturers and Product Announcements", in which the first household SUV model of JK – JK 7X passed the declaration. JK 7X has declared a total of 3 versions, with a length of 4825mm, a width of 1930mm, a height of 1656/1666mm (when equipped with air springs, a height of 1656mm), and a 2925mm wheelbase. The car is equipped with a motor from Quzhou JD Electric Vehicle Technology Co., Ltd., and can be selected from 310kW single motor and 165/310kW dual motor versions.
??Xiaopeng new car P7 + completes MIIT declaration: car length exceeds 5 meters, "two-stage" rear design
On July 13, it was time for the "MIIT Auto Show" in January again. MIIT released the "Announcement of Road Motor Vehicle Manufacturers and Products" (batch 385) yesterday. The new car officially announced as "opening a new era of intelligent driving" – the Xiaopeng P7 + appeared in the application list. The new car unveiled this time is pink purple + black and silver gray + black double body, which adopts a different design style from the current Xiaopeng P7. The body is more slender and the lines are tougher. The rear of this new car adopts a "two-stage" design, and the entire roof is integrated with the spoiler. The main information of Xiaopeng P7 + is summarized as follows: The car has a length of 5056mm, a width of 1937mm, a height of 1512mm, a wheelbase of 3000mm, and a total weight of 2400kg or 2500kg. The model declared this time is a single-motor version, with a maximum power of 180kW or 230kW optional. The lithium iron phosphate battery comes from Hubei Yiwei Power Co., Ltd. The new car can be equipped with a body of the same color, black front and rear logos and rear cameras.
??Smart R7 declaration map, positioning coupe SUV/estimated price range 30-400,000 yuan
On July 12, in the latest MIIT report map, the figure of Zhijie R7 was found. As the first coupe SUV of Hongmeng Zhixing, the new car has already released the official map, and it is reported that the new car is expected to be priced at 30-400,000 yuan. In terms of appearance, the front part of the new car basically adopts the same design as the Zhijie S7, and the front part is still fully enclosed. The through daytime running lights are matched with full LED headlights, and the visual effect is very dynamic. The body of Zhijie R7 is 4956 mm long, 1981 mm wide, 1634 mm high, and the wheelbase is 2950 mm. In terms of power, the new car will continue to be equipped with Huawei motor system, standard 800V silicon carbide high voltage platform, single motor version and dual motor version, single motor version with a maximum power of 215 kW and dual motor version with a maximum power of 365 kW.
??MIIT Luo Daojun: The chip self-sufficiency rate is only 10%, and the structural shortage has become a bottleneck. Enterprises should move towards high-end development
According to Ruijian Economy, the "2024 China Automotive Forum" was held in Shanghai from July 11 to 13, with the theme of "Leading New Changes and Win-Win New Future". Luo Daojun, senior vice president of the Institute of Components and Materials of MIIT Electronics Five, attended and gave a speech. Luo Daojun said that China has the largest production capacity of new energy vehicles, and the usage is also increasing. However, the self-sufficiency rate of chips is indeed less than 10% at present, which is a structural shortage. He suggested that companies that make car rule chips try to go to the high end, and the low end is now starting to roll up again. "We have a saying that as long as people can do things, they will soon decide, so we must continue to innovate," he said. Mr. Luo stressed that there were two bright spots in China’s current industry, one for new energy and one for cars. "The international environment is getting worse and worse, and car companies are getting more and more involved," he said frankly. "So for chips, cars are a good industry with more and more applications. Structural contradictions have also created good opportunities for us."
??Geely President Yang Xueliang: Chinese cars go to sea, don’t repeat the mistakes of motorcycles
Fast Technology July 13th news, at the recently held 2024 China Auto Forum, Geely Senior Vice President Yang Xueliang delivered a keynote speech. Yang Xueliang talked about the situation of the internal volume of domestic car companies, and expressed concerns about the car going overseas to repeat the mistakes of the motorcycle industry. Yang Xueliang said that China’s motorcycle industry has also gone through a road similar to that of today’s automobile industry. It used to be popular all over the world. The whole of Asia is almost all Chinese-produced motorcycles. Now in South East Asia, there is almost no trace of Chinese motorcycles. The reason is that these overseas motorcycle companies are frantically fighting price wars and compressing the quality space. (South East Asia consumer users) will know after using it and will not buy it again. I have also heard from my colleagues that some people have taken the internal war to overseas and burned it overseas, destroying the ecology of local market competition. This phenomenon must also be changed, otherwise the development of Chinese cars in the international automotive market will repeat the mistakes of the motorcycle industry.
Wang Lang, deputy general manager of the automotive joint stock company, also expressed similar concerns. Wang Lang said that moderate market competition is the driving force to promote the progress of enterprises and market prosperity, but excessive involution not only hinders the healthy development of enterprises, but also poses a threat to the long-term sustainability of the entire automotive industry.
??China Automobile Association Fu Bingfeng: The development of intelligent networked new energy vehicles needs to strengthen global cooperation and jointly achieve leapfrogging
According to China Business News, from July 11 to 13, 2024, the 2024 China Automobile Forum was held in Jiading, Shanghai. On the morning of July 12, Fu Bingfeng, executive vice president and secretary general of the China Association of Automobile Manufacturers, delivered a speech. According to Fu Bingfeng, the L2-level configuration rate of new energy vehicles reached 56.2%, the pilot application of vehicle-road cloud integration accelerated, and driverless vehicles entered the commercial pilot operation. Software development and application are changing with each passing day. Chips, sensors and other hardware systems are fully developed, forming a huge flood of innovation in the application field. Fu Bingfeng believes that collaborative innovation promotes the development of global automotive technology. At present, key core technologies such as solid-state batteries and high-voltage systems are accelerating breakthroughs, and technologies such as autonomous driving, intelligent cockpit and central integrated electronic and electrical architecture are constantly iterating. With the in-depth development of these technologies, collaborative research and development and global industrial chain cooperation have become more important, and collaborative innovation has become the mainstream model of global development.
Fu Bingfeng pointed out that the consistency of standards is the foundation of product globalization. Through the coordinated formulation of international standards, technical barriers are reduced, and the coordinated development and technology interoperability of the global automotive industry are promoted to achieve rapid development. In order to strengthen the coordination of key underlying technologies and software and hardware of intelligent networked new energy vehicles, the China Association of Automobile Manufacturers and industry enterprises jointly launched the "China Automotive Operating System Open Source Co-construction" project to promote the development of the automotive operating system kernel to the open source co-construction model and open it to the world.
??China Electromechanical Chamber of Commerce: It is expected that the annual growth rate of automobile exports will be 15% -20%.
The Beijing News reported on July 14 that from July 11 to July 13, the 2024 China Automobile Forum was held in Shanghai. Chen Jingjing, secretary general of the Automotive Branch of the China Electromechanical Chamber of Commerce, said at the forum, "According to the data of the General Administration of Customs, the scale of vehicle exports in the first half of this year was 2.93 million, which is close to our expected level of 3 million vehicles. We hope that China’s automobile exports will have a solid performance in the second half of the year." Chen Jingjing said that from the current export value, China’s automobile exports are still lagging behind Germany and Japan and ranking third in the world. Although China’s automobile exports are relatively large, there is still a certain gap with Western automakers in terms of export prices and other aspects.
For the export of automobile companies, Chen Jingjing suggested that first of all, automobile companies should maintain normal profit margins, continuously improve service quality, and not only rely on sales targets to maintain market share; secondly, there should be a reasonable division of overseas markets, which are trade types and which are investment types, and a reasonable feasibility analysis should be done in investment-friendly markets. In addition, the overseas layout of automobile companies in emerging markets should also be carefully considered, such as Chinese car companies’ investment in South East Asia. At present, the main markets for electric vehicles in South East Asia are concentrated in Thailand, Indonesia, Malaysia and other markets. Excessive concentration of Chinese companies’ investment in the local market may lead to increased competition between China.
In response to the situation of automobile exports this year, Chen Jingjing said that he still maintained the forecast at the beginning of the year, and it is expected that the growth rate of automobile exports will be between 15% and 20%, and the scale of automobile exports is expected to reach 6 million, among which the penetration rate of new energy vehicles is expected to increase to more than 35%.
??The 2024 World Power Battery Conference will be held in Yibin in September
Sichuan Daily reported on July 13 that the 2024 World Power Battery Conference sponsored by the provincial government is scheduled to be held in Yibin from September 1 to 2. On July 12, the reporter learned from the 2024 World Power Battery Conference press briefing that the conference will focus on a number of blockbuster achievements in the field of power batteries, inviting global power battery TOP10 enterprises and industry chain leaders to discuss and cooperate. 6 special conferences, results display and other activities will be held. The 6 special conferences include global power battery TOP10 enterprise seminar, global advanced battery forward-looking technology, new energy storage industry development, world new energy supply chain, power battery quality improvement, power battery safe and efficient transportation 6 aspects. This is also the third time Yibin has hosted the World Power Battery Conference.
??international
??Tesla launched a new Model 3 long-range rear-wheel drive model in the United States: priced at $42,490
Fast technology July 12 news, Tesla’s official website shows that the company launched a new model in the United States, long-range rear-wheel drive model, priced at $42,490 (currently about 309,000 yuan), can enjoy $7,500 subsidy. This version can last up to 363 miles (about 584.19 kilometers), becoming the cheapest version of Model 3 currently on sale in the United States (standard battery life rear-wheel drive version can not enjoy $7,500 US subsidy). Tesla China official website has not yet put Model 3 long-range rear-wheel drive model on the shelves.
??Tesla US, standard battery life rear-drive version $1600 unlocks 50 miles of battery life
Fast Technology July 14th news, according to media reports, Tesla’s US official website recently launched a "energy upgrade" service for the standard battery life rear drive version of Model Y. Users can increase the vehicle’s range by 30 to 50 miles (about 48 to 85 kilometers) by paying $1,000 or $1,600. It is worth mentioning that this figure is only based on "internal modeling" rather than EPA official test data, and the actual unlock mileage may be slightly different. However, this is not the same as what Tesla has promised before. Users can currently only spend $1,000 to $1,600 to unlock 30 to 50 miles of battery life, slightly lower than the previously advertised $1,500 to $2,000 to unlock 40 to 60 miles of battery life.
??Cancel the hold block, the new Tesla Model Y interior and front shape are exposed
IT Home reported on July 14 that the new Tesla Model Y’s interior spy photos have been exposed. From the spy photos, the interior design of the new car is similar to that of the new Model 3. The 3D model diagram of the new Model Y is also displayed on the central control screen, and the design style is also similar to that of the new Model 3. In terms of interior, the new Model Y continues the design style of the new Model 3. The ambient light throughout the center console is very eye-catching, and the central console has a stronger sense of hierarchy. The new car is also equipped with a new steering wheel, eliminating the pocket gear and lever turn signals, and changing to turn signal operation and screen shift on the steering wheel. In terms of power, the new Model Y is expected to continue the power configuration of the current model. It is worth mentioning that it was previously stated that the new Model Y will not be updated this year and is expected to be delayed until 2025.
??Auto and labor unions reach largest pay increase deal in history, avoiding strikes for six consecutive years
Sina Finance, July 13 news, Hyundai Motor’s union said on Saturday that its members have voted to accept the preliminary wage agreement reached earlier this week. Under the agreement, Hyundai Motor will increase the basic monthly salary of employees by 4.65%, or 111,200 won (about $81), and give each employee a one-time performance bonus equivalent to 500% of the basic monthly salary, plus 18 million won. In addition, each employee will receive 25 shares of the company’s stock. The agreed salary increase is the highest in the company’s history. The agreement was reached two days before the union plans to strike. As a result, Hyundai Motor has completed wage negotiations without a strike for six consecutive years since 2019. The two sides will hold a signing ceremony on Monday.
??The US Senate has not yet included DJI drones in the ban
According to Taiwan’s Zhongshi News Network on July 12, the US Senate Armed Services Committee recently released its draft National Defense Authorization Act for Fiscal Year 2025, which does not contain any provisions to ban new DJI drones from entering the US market, which provides DJI with temporary relief. However, DJI’s prospects in the US market remain uncertain. The draft will next be submitted to the full Senate for consideration. Once passed, the Senate and the House of Representatives will begin to coordinate their respective versions of the bill. In the process, it is possible to reconsider the ban or reach a restrictive agreement on DJI drones. According to Drone Industry’s data, DJI’s share of the US consumer drone market was nearly 80% last year, and the global consumer drone market accounted for nearly 70%. And the remaining 30%, domestic brand Daotong also accounted for half.
??In order to attract Chinese automakers to build factories, it was revealed that Italy plans to consider transferring the Stellantis discontinued brand to Chinese companies
Fast Tech reported on July 14 that in order to encourage Chinese auto companies to invest and set up factories in Italy, the Italian government is considering legal means to "take over" the discontinued car brands of European auto giant Stellantis Group (Stellantis) and "transfer" their use rights to Chinese companies. According to reports, the brands considered by the Italian government for "transfer" include Innocenti and Autobianchi, both of which were discontinued in the 1990s. Italy passed a law in December last year that allows the government to "take over" brands that have been discontinued for at least five years and can be transferred to companies that intend to invest in Italy. Stellantis Group said it has not received any news from the government about such plans.
??Streamlined product line, A5/S5/RS5 two-door and convertible models will be discontinued
IT Home July 14 news, according to foreign media motor1 reported that Audi A5, S5, RS5 coupe and convertible version will not be updated to the 2025 model, will face discontinuation. Audi will keep the four-door coupe version, the German luxury brand is streamlining its product portfolio. According to the report, the reality is that the two-door car sales are terrible, don’t forget that Audi has discontinued the TT and R8 models, and the A3 convertible has disappeared from the Audi lineup for many years. Audi’s rival Mercedes fuses the C-class coupe/convertible with the E-class coupe/convertible to create the CLE coupe/convertible.
The report also reiterated Audi’s decision to have gasoline cars with odd numbers in their names, while electric cars will be named with even numbers. For this reason, the original internal combustion engine-powered A6 will become the A7, leaving room for the electric A6 E-Tron lineup.
??The unit price of South Korean automobile exports exceeded 25,000 US dollars, setting a new record for the same period in history
On July 14, the Korea Automobile Mobile Industry Association (KAMA) released data that the unit price of Korean automobile exports reached 25,224 US dollars in the first half of 2024, setting a new historical record for the same period.
Since $16,685 in 2018, the average export price of Korean cars has shown a continuous upward trend, surpassing $20,000 for the first time in 2020, followed by an average annual growth rate of 2.8% in the following three years. The data shows that the value of Korean car exports has increased from $19.553 billion in 2021 to $37.009 billion in 2024, achieving growth for four consecutive years.
