Interpretation | How does the central bank’s simultaneous announcement of RRR cuts affect the market? The fund said that the valuation of favorable equity assets rose.

On January 24th, the People’s Bank of China decided to reduce the deposit reserve ratio of financial institutions by 0.5 percentage points from February 5th, 2024 (excluding financial institutions that have implemented the deposit reserve ratio of 5%). After this reduction, the weighted average deposit reserve ratio of financial institutions is about 7.0%. Since January 25, 2024, the interest rates of agricultural refinancing, small-scale refinancing and rediscount will be lowered by 0.25 percentage points respectively.

At the same time, the central bank announced the RRR cut and interest rate cut. What is the impact on the market? The Paper reporters collected the opinions of Bosera Fund, CITIC Prudential Fund, Xinyuan Fund, Chuangjin Hexin Fund, China Merchants Fund, Morgan Asset Management, and HSBC Jintrust Fund immediately after the market closed. Most public offerings believed that the RRR cut was conducive to the stabilization of the capital market, boosting the fragile capital market sentiment and coordinating with future fiscal policies, and also conducive to smoothing the pressure of the Spring Festival withdrawal and the pressure of post-holiday capital return in advance.

Shen Chao, macro and strategic analyst of HSBC Jintrust Fund, said that the RRR cut has a neutral impact on the stock market as a whole, but the stock market is in a historically low range, and the policy of steady growth such as RRR cut will help reverse the pessimistic expectations of the market, so this RRR cut has a positive impact on the stock market.

Gan Jingyun, a macro analyst of Chuangjin Hexin Fund, also believes that the increase in the valuation of the overall favorable equity assets will have a relatively greater impact on small-cap stocks; Bond yields will decline rapidly, but the follow-up may usher in a favorable take profit.

Jiang Xianwei, a senior global market strategist at Morgan Asset Management, believes that the central bank’s forecast of RRR cuts and accurate interest rate cuts will, on the one hand, implement the central economic work conference’s policy of "being flexible, moderate, accurate and effective, and promoting the steady decline of comprehensive social financing costs"; on the other hand, it will alleviate the slightly tight liquidity before the traditional Chinese New Year, which is more expected to promote the convergence of capital interest rates to policy interest rates, and then combine fiscal policy coordination to support credit growth, consolidate and strengthen the economic recovery to a good trend.

Bosera Fund: This RRR cut is conducive to the stabilization of the capital market.

This RRR cut is one of the monetary policy measures to deal with the lack of economic demand. Considering the current economic and corporate profitability, the market has strong expectations for monetary policy easing in the near future. This RRR cut is conducive to stabilizing the market’s expectations for monetary policy, reducing the financing costs of financial institutions and the real economy, and stabilizing the capital market.

The subsequent development of the stock market depends more on the auction market and its delivery, and also on the progress of capacity control and digestion in some industries. In the medium term, these two problems will be solved. Considering the current valuation position of the market, we are optimistic about the performance of the market in the medium term.

CITIC Prudential Fund: The short-term end of the interest rate curve may be expected to usher in a repair market.

At this time, the "RRR cut and interest rate cut" has the following purposes: First, guide LPR to continue its downward trend and strengthen the effectiveness of credit support entities. Restricted by the bank’s interest margin, LPR’s quotation did not go down in January, but the beginning of the year was the peak of credit supply. At this time, further reducing the bank’s debt-side cost through these measures will help the credit to grow faster.

Second, the Spring Festival is a tense stage in liquidity in the banking system, and residents have a great demand for cash. At this time, putting in long-term funds by lowering the RRR will help to stabilize the fluctuation of funds around the Spring Festival and stabilize the liquidity of financial markets at the end of the year and the beginning of the year.

Third, the capital market has fluctuated greatly recently, and the society has a high voice for the introduction of strong measures at the policy level. The central bank announced the policy on the spot at the press conference in response to market concerns.

After the release of the relevant policies of the central bank, the bond market’s concerns about cross-Spring Festival liquidity may be significantly alleviated. Recently, the price of inter-bank funds is still high, the operating balance of the central bank’s open market is large, the market’s expectation of long-term funds is unstable, and the interest rate curve shows a flattening trend. With the RRR cut, the pressure on the long-term liabilities of the banking system may be improved, the capital surface may be more stable, the allocation value of the bond market will be further consolidated, and the short-term and medium-term ends of the interest rate curve may be expected to usher in a repair market.

Xinyuan Fund: There is a high probability that the equity market will improve in March and April.

After the central bank’s excess parity continued to be MLF in January, the market’s expectations for RRR cuts and interest rate cuts all declined, and this RRR cut exceeded market expectations at the time. At the same time, due to the limited space for RRR reduction, the previous four RRR reductions were only 25BP, and this round of one-time RRR reduction was 50BP, which also exceeded market expectations. In addition, in the past, most of the RRR cuts were officially released by the central bank after Friday’s close. This time, the RRR cut was released by the central bank governor at a press conference in the middle of the week, and the way of release exceeded expectations.

In the bond market, it is expected that there will be downside in the short end in the future, and the long end may continue to fluctuate and the curve will be steep. The two most important functions of RRR reduction are to boost the confidence of the equity market and prepare for the large-scale issuance of government bonds. President Pan said that there is sufficient room for monetary policy to maintain reasonable and sufficient liquidity, support the large-scale centralized issuance of government bonds and support the centralized construction of projects, which means that the funds will be guaranteed during the large-scale issuance of government bonds.

The stability of funds opens up space for the loosening of short-term, but the issuance of government bonds and the centralized construction of projects are not very friendly to long-term. It is expected that the short-term yield of the bond market will open the downside but the long-term yield will remain volatile.

In the equity market, the RRR cut boosted market confidence in the short term, but the long-term trend of the market was less affected by the RRR cut. In the short term, the market may continue to fluctuate at a low level, but after the Spring Festival, especially in March and April, the equity market may change to some extent.

China Merchants Fund: Structural interest rate cuts and RRR cuts have played a two-pronged role.

Li Zhan, chief economist of China Merchants Fund Research Department, said that the RRR cut now indicates that the countercyclical adjustment policy has begun to exert its strength, and the wide currency and the release of 1 trillion yuan have kept the market liquidity abundant, and with the wide finance, the special bonds and government bonds in the first quarter can be issued as soon as possible; Structural interest rate cuts and RRR cuts have played a two-pronged role, which is not only conducive to expanding the demand for loans in the real economy, but also conducive to boosting stock market confidence and helping to repair risk appetite.

The decline at the beginning of the year is mostly due to the influence of micro-liquidity and market confidence. The obvious improvement of macro-liquidity and the increase of domestic institutional investors’ holdings are important measures to reverse expectations. After this RRR cut, the lack of liquidity is basically eliminated, and the market may stabilize and gradually repair.

In 2024, A-shares are still expected to stabilize mainly by shocks, and the overall security margin of the market is high, so there will be structural opportunities. In 2024, the macro-monetary and fiscal policies were launched in time, and the endogenous growth resumed. The overall valuation of the current A-shares was already very low, the percentile of the valuation of important indexes was already lower than the bottom of the past several markets, and the valuation of the Growth Enterprise Market was even at the bottom of history. The indexes such as the equity risk premium rate were also in the extremely low range, and the margin of safety was high. We can focus on grasping structural opportunities such as high dividend strategy, technological innovation, reversal of consumption dilemma and supply-side reform.

Chuangjin Hexin Fund: Downgrading the overall valuation of favorable equity assets.

Gan Jingyun, a macro analyst of Chuangjin Hexin Fund, also believes that the increase in the valuation of the overall favorable equity assets will have a relatively greater impact on small-cap stocks; Bond yields will decline rapidly, but the follow-up may usher in a favorable take profit.

The RRR cut is conducive to improving liquidity expectations, benefiting the sectors that are greatly affected by liquidity, and it is also the target of recent oversold. It has the conditions for oversold rebound, mainly including technology growth TMT, small and medium-sized stocks, Hang Seng Technology, etc. It can pay attention to consumer electronics and chips that are logically pointed by the supply side of the inventory cycle, and the policy is biased towards high-tech and traditional Chinese medicine with high structural prosperity.

In addition, if the RRR cut and the subsequent comprehensive financing cost reduction and other wide monetary policies promote wide credit, it will help improve growth expectations, so the pro-cyclical sector will also benefit. From the historical experience, the pro-cyclical sectors such as real estate, finance and building materials have been boosted after the RRR cut, and we can pay attention to coal, electricity and infrastructure that are both performance scarce and policy-friendly in the pro-cyclical period.

Morgan Asset Management: China assets may usher in an upward opportunity

Jiang Xianwei, senior global market strategist of Morgan Asset Management, believes that in December last year, the Central Economic Work Conference put forward economic construction as the center, emphasizing "striving for progress in stability, promoting stability with progress, and breaking first", indicating that the policy tone in 2024 may be biased; Domestic inflation has been negative for three consecutive months, and the Federal Reserve has not started the interest rate cut cycle, and the domestic real interest rate level is higher than that of the United States. It is expected that there will still be room for RRR cuts and interest rate cuts during the year; In mid-January, the economic data of the fourth quarter and December of 2023 released by the National Bureau of Statistics showed that the domestic economy continued to pick up, the recovery trend remained unchanged, and the market expected more favorable policies to be introduced; On January 22nd, the central bank kept the 1-year and 5-year LPR interest rates unchanged, slightly lower than market expectations.

Judging from the external environment and the profitability fundamentals of listed companies, there has been some improvement compared with last year, and the market was relatively volatile in the early stage. First, the first quarter was in the blank window of financial reports, and corporate profits have not yet been realized. Second, the market expected new favorable policies in the new year. The central bank’s forecast of RRR cut and accurate interest rate cut, on the one hand, has implemented the policy of the Central Economic Work Conference that monetary policy should be "flexible, moderate, accurate and effective, and promote the comprehensive financing cost of society to decrease steadily", and on the other hand, it can alleviate the slightly tight liquidity before the traditional Lunar New Year, which is more expected to promote the convergence of capital interest rate to policy interest rate, and then combine with fiscal policy coordination to support credit growth, consolidate and enhance the economic recovery, which is more conducive to boosting market sentiment. It is expected that more sectors will make profits.

HSBC Jintrust Fund: The policy of steady growth such as RRR cut will help to reverse the pessimistic expectations of the market.

Shen Chao, a macro and strategic analyst of HSBC Jintrust Fund, believes that this RRR cut is an important signal to strengthen the policy of steady growth, and the single release of trillion liquidity also shows that this steady growth is stronger than the previous period. At present, there are still twists and turns on the road to macroeconomic recovery. This RRR cut will help to increase the stable source of funds for financial institutions and reduce the debt cost of banks, which will help banks to increase capital investment in the real economy and reduce the financing cost of the real economy, thus consolidating the economic recovery. For the market, historically, the RRR cut has a neutral impact on the stock market as a whole, but at present, the stock market is in a historically low range, and the policy of steady growth such as RRR cut is helpful to reverse the pessimistic expectations of the market, so this RRR cut has a positive impact on the stock market.

The Forbidden City’s cute dolls sell for 1 billion a year. Why did the Forbidden City become online celebrity?

  Yesterday, at the event site, just point your mobile phone at Han Xizai’s banquet in the exhibition area, and the moving expression pack will appear in front of the mobile phone screen. Beijing Morning Post reporter Shi Chunyang/photo

  The Forbidden City’s cute dolls sell 1 billion a year, and the cute expression packs are used nearly 40 million times in less than a month.

  The 600-year-old Forbidden City has changed, becoming younger, more fashionable and more "scientific and technological". Whether it’s the "cute doll" of the Forbidden City that sells 1 billion a year, or the "big copper jar" that is not noticed in the corner, or the newly-appointed "online celebrity" Forbidden City security guard "Forbidden City Cat". In recent years, the Forbidden City seems to be growing backwards, becoming younger and warmer, and becoming more and more popular among young people.

  Yesterday, a series of emoticons based on the classic IP of the Forbidden City attracted the attention of reporters. According to reports, these QQ emoticons with the theme of the Forbidden City were launched less than a month ago, and the usage was close to 40 million times.

  Newly popular emoticons: Han Xizai, "Big Copper Cylinder"

  At the award ceremony of the NEXT IDEA Tencent Innovation Competition held yesterday afternoon, a series of expression packs based on the classic IP of the Forbidden City attracted the attention of the Beijing Morning Post reporter. Just point your mobile phone at Han Xizhai’s banquet or the picture of the big bronze cylinder in the exhibition area, and the moving expression pack will appear in front of the mobile phone screen. The person in charge of Tencent told the Beijing Morning Post that these QQ expressions with the theme of the Forbidden City have been online for less than a month, and the usage is close to 40 million times.

  In July this year, NEXT IDEA and the Palace Museum announced the establishment of a partnership and long-term cooperation. In the first year of cooperation, the Palace Museum opened a series of classic IP, collecting "expression design" and "game creativity" among young people. In terms of expression design, the contestants used the classic IP of the Forbidden City as the material, combined with social elements, and created cute expressions with different styles and different themes, such as "The Emperor is Busy", "Door Sea" and "Q Edition Han Xizai".

  In addition to the traditional images of ladies-in-waiting and emperors, a large yellow copper cylinder attracted the attention of the audience. Lou Wei, vice president of the Palace Museum, told the Beijing Morning Post that the scientific name of this big copper cylinder is "Menhai", which was mainly used for fire fighting in the Forbidden City. However, compared with the resplendent palaces and other "treasures" in the Forbidden City, the big copper cylinder seems a little lonely and few people pay attention to it. "We finally gave this design a special award to encourage young people to notice these historical corners, which are also part of the Forbidden City."

  Rejecting "High Cold": Paying Equal Attention to Adornment and Elegance

  Lou Wei told the Beijing Morning Post that in 2017, NEXT IDEA will dig deeper into the value of the IP of the Forbidden City in the two fields of "architectural culture" and "traditional costume culture" of the Palace Museum. For example, in the field of "traditional costume culture", we will try to combine Tencent’s "Miracle Warming", a dress-changing game with tens of millions of young users, to open a special section of the traditional costumes of the Forbidden City, and present the exquisite palace costumes and accessories collected in the Forbidden City and the rich connotations behind them to young people in a more interesting, vivid and elegant way through games.

  "Tencent is 18 years old and the Forbidden City is almost 600 years old. We hope that the Forbidden City not only has the maturity, stability and wisdom of the elderly, but also has young creativity, even childlike innocence and childlike interest. " Lou Wei said that the daily launch of the Forbidden City, the Forbidden City exhibition and other apps allows users to enjoy the treasures of the Forbidden City at close range without leaving home, and the lively and grounded style of WeChat official account, the new media of the Forbidden City, has also gained a group of die-hard fans. "We hope that every member of the public will bring the Forbidden City culture to their side. We have launched the game of the Forbidden City Adventure, which can turn Gao Leng into a big friend that children like."

  ■ Noun explanation

  IP

  "IP" is the abbreviation of "Intellectual Property" in English, which means intellectual property. The common operation mode in the cultural industry is the development of various types of copyright, such as film copyright, TV drama copyright and online game copyright. As a world-class cultural treasure house, the Forbidden City itself contains rich cultural resources. In recent years, with the development of the Forbidden City itself in the cultural and creative industries, there are more and more film and television works and animation games involving the intellectual property rights of the Forbidden City elements, and the Forbidden City itself has become a "super IP".

  ■ Visit immediately.

  The Forbidden City, a super IP, is becoming a new online celebrity, selling 1 billion yuan a year. What is the story behind the "cute doll" of the Forbidden City? How did the Forbidden City security guard "Forbidden City Cat" become online celebrity? What are the high-tech means for the restoration of cultural relics in the Forbidden City? How to shoot the breathtaking snow scene of the Forbidden City? How can I work in the Forbidden City team?

  Yesterday, the Wenchuang team of the Forbidden City accepted an exclusive interview with the Beijing Morning Post reporter to reveal the secret of the popularity of the "online celebrity" Forbidden City.

  1 How did the Forbidden City cats become popular?

  Lou Wei (Vice President of the Palace Museum): The popularity of cats in the Forbidden City is inseparable from the cat lovers in the Forbidden City and the promotion of Dean Shan. There have always been a lot of cats in the Forbidden City, which used to be fed by staff. Tourists feel very cute when they see cats, and they are willing to take pictures and touch them. To some extent, it is a natural result that the Forbidden City cats become online celebrity, because people and animals get along well with the environment, which has always been the atmosphere of the Forbidden City. In recent years, the Forbidden City has become a "cultural and creative industry". Dean Shan once mentioned the Forbidden City cat in an interview, saying that it has made great contributions, and the image of the Forbidden City cat has been further established, which naturally becomes a new symbol of the Forbidden City.

  Why are the official photos produced by the Forbidden City so beautiful? What is the secret?

  Yu Zhuang (head of new media in the information department of the Palace Museum): It is common to smear the early morning, and it is also common to go to the palace late at night and wait for the moon. Many people say that I can’t take such beautiful photos. In fact, every photo is inseparable from the difficult posture of the photographer in the Forbidden City. The perspective behind these lenses gives people a strong appeal. In fact, the photographer is also a way to represent the innovation of the Forbidden City, conveying temperature and beauty.

  How can I work in the Forbidden City?

  Lou Wei (Vice President of the Palace Museum): In recent years, the talent team in the Forbidden City has become younger and younger, and more and more young people love the Forbidden City and are willing to join it. There are 70 or 80 fresh graduates every year, more than half of them are masters and doctors, and there are more and more majors. Different majors inspire more cultures. The needs of the Forbidden City are very diverse, such as news dissemination, art design and photography, all of which are compound talents. Official website in the Forbidden City has put up a job advertisement now, hoping that more and more young people will join our big family.

  4 Will the Forbidden City only sell Meng?

  Lou Wei (Vice President of the Palace Museum): Actually, the Palace Museum has been walking on two legs. Some are very cute and some are very elegant, and both aspects will be taken into account.

  Su Yi (Deputy Director of the Information Department of the Palace Museum): The big bronze cylinder and the maid-in-waiting empress are actually part of the Palace Museum. Perhaps because of the film and television drama, it is particularly easy for everyone to immerse themselves in the emperor and empress. In fact, the corners of history are also part of the Forbidden City. In the past, young people’s understanding of the Forbidden City remained superficial, but after their field visits, they discovered more cultural relics and connotations of the Forbidden City.

  5 "I am repairing cultural relics in the Forbidden City" Why do you want to make a movie?

  Lou Wei (Vice President of the Palace Museum): Movies are a new attempt, which is good for promoting the Forbidden City and spreading its culture. We can all accept new things, and there will be more ways in the future. High-tech technology will definitely be applied to the restoration of cultural relics in the Forbidden City in the future. In the documentary "I am repairing cultural relics in the Forbidden City", our little colleagues used Google glasses for recording, and more modern detection and analysis methods will be used in the Forbidden City in the future.

  What more creative products will there be next year?

  Lou Wei (Vice President of the Palace Museum): Next year, the Palace Museum will open more resources to allow more young people to exert their creativity. The Forbidden City also hopes to cooperate with more excellent enterprises. The Forbidden City has always cooperated with an open mind. The resources of the Forbidden City are really rich. I hope more enterprises will join in and brainstorm and do better and better.

  This edition is written by Beijing Morning Post reporter Han Yuanjia.

Does New Year’s Eve refer specifically to New Year’s Eve? Today’s ant manor answer

  Does New Year’s Eve refer specifically to New Year’s Eve? This is the question in today’s classroom of Ant Manor on January 31st, 2022. Here is a detailed introduction to the chicken feed answer in today’s classroom of Ant Manor on January 31st, 2022.

Does New Year's Eve refer specifically to New Year's Eve? Today's ant manor answer

  Ant Manor is very fun. You can do charity while raising chickens, and you can get chicken feed for free while improving your knowledge.

  The latest news from Minnan. com (www.mnw.cn), the question in today’s Ant Manor class is:

  Does New Year’s Eve refer specifically to New Year’s Eve?

  What are you thinking? It must be.

  No

  Answer: No.

  Analysis:"New Year’s Eve" refers to the last night at the end of the year, not just the New Year’s Eve. The Chinese lunar calendar was compiled by the ancients according to the change of the moon’s round and round, so there are big and small months, the big month is 30 days and the small month is 29 days. This year’s twelfth lunar month coincides with the small moon, only 29 days, so there is no New Year’s Eve.

  These are the answers to the questions in the classroom of Ant Manor on January 31st, 2022.

Editor in charge: Zeng Shaolin

8799 yuan, Xiaomi 14 Ultra mobile phone titanium special edition first sold at 10: 00.

On March 12th, Xiaomi launched Xiaomi 14 Ultra mobile phone on February 22nd, and the titanium special edition in this mobile phone will be on sale at 10:00 today.

According to reports, this mobile phone uses a technology nano-leather back cover and a "higher-grade titanium metal" middle frame.

In terms of performance, Xiaomi 14 Ultra is equipped with the third-generation Snapdragon 8 platform, equipped with LPDDR5X memory and UFS 4.0 flash memory, adopting a brand-new 4000m㎡ dual-channel annular cold pump cooling system, adding a main camera independent cooling loop, and the vapor-liquid separation design has three times the performance of traditional VC.

In terms of communication, Xiaomi 14 Ultra is equipped with two self-developed T1 signal enhancement chips, and adopts the strongest high-performance antenna group in Xiaomi’s history. The performance of medium and high-frequency cellular communication is improved by 37%, and the performance of Wi-Fi and Bluetooth is improved by 16%. It supports roaming in 160+countries and regions around the world, covering 430+carrier networks.

According to the previous report of IT House, Xiaomi 14 Ultra supports the direct connection of mobile phones to Tiantong satellites, and supports real-time voice and two-way short messages. One of the two T1 chips on Xiaomi 14 Ultra is a chip specially used for satellite communication, and the transceiver performance of satellite antenna is improved by 21%. It supports electronic fence and super power-saving mode, and will automatically remind to open satellite service before entering no man’s land.

"6999/8799 Yuan, Xiaomi 14 Pro/Ultra Satellite Communication Titanium Mobile Phone Release"

Notice on doing a good job in the disclosure of government procurement information in our province

The municipal finance bureau, Shunde Finance and Taxation Bureau, county (city) finance bureau directly under the jurisdiction of the finance department, provincial units and procurement agencies:

  In order to standardize the disclosure of government procurement information in our province, improve the transparency of government procurement, and strengthen the social supervision of government procurement, according to the Budget Law of the People’s Republic of China, the People’s Republic of China (PRC) Government Procurement Law, the Regulations for the Implementation of the People’s Republic of China (PRC) Government Procurement Law, the Measures for the Implementation of the People’s Republic of China (PRC) Government Procurement Law in Guangdong Province, and the Notice of the Ministry of Finance on Doing a Good Job in the Disclosure of Government Procurement Information, and other laws and regulations and government procurement-related regulations, we hereby notify you as follows.

  First, the scope and subject of government procurement information disclosure

  Procurement project information, including government procurement project budget, single-source publicity, procurement plan, procurement demand, pre-qualification announcement, procurement documents, procurement announcement, correction or change announcement, result announcement, procurement contract, acceptance report and other information, shall be disclosed by the purchaser or the procurement agency entrusted by him.

   Regulatory information, including complaints, supervision and inspection decisions made by the financial department, assessment results of centralized procurement institutions, and records of illegal and untrustworthy behaviors, shall be made public by the financial department.

  Other government procurement information that should be disclosed by laws, regulations and rules shall be disclosed by the relevant subjects according to law.

  The subject of government procurement information disclosure is responsible for the authenticity, integrity and compliance of the disclosed government procurement information.

  Two, the government procurement information disclosure channels

  The government procurement system in the online service hall of Guangdong Provincial Department of Finance (hereinafter referred to as Guangdong Provincial Government Procurement Network) is the designated public media of government procurement information in our province, and the information of government procurement projects must be made public in a unified format on the Guangdong Provincial Government Procurement Network.

  In order to expand the coverage of information dissemination, government procurement information can also be published on the central main website of China Government Procurement Network (www.ccgp.gov.cn), China Finance and Economics News (China Government Procurement News), China Government Procurement Magazine, China Finance Magazine, and other media designated by local financial departments or purchasers’ own public channels.

  The information of procurement projects with a budget of more than 5 million yuan and the information records of illegal and untrustworthy behaviors of government procurement are pushed to the central main website of China Government Procurement Network by Guangdong Provincial Government Procurement Network for release.

  Three, the government procurement information disclosure content and time limit

  Government procurement information includes government procurement project information, government procurement supervision information, and other government procurement information that should be disclosed as stipulated by laws, regulations and rules. In addition to information involving state secrets, commercial secrets and laws and regulations that should be kept confidential, government procurement information such as project budget, single-source publicity, procurement plan, procurement demand, pre-qualification announcement, procurement documents, procurement announcement, correction or change announcement, result announcement, procurement contract, acceptance report and regulatory information shall be disclosed to the public in a timely manner according to procedures.

  (1) Budget of procurement projects.

   The budget amount of government procurement projects shall be disclosed in procurement announcements such as tender announcement, prequalification announcement, competitive negotiation announcement, competitive consultation announcement and inquiry announcement, as well as procurement documents such as tender documents, negotiation documents, consultation documents and inquiry notice. The budget amount of the procurement project is based on the government procurement budget in the departmental budget approved by the financial department; The projects purchased before the departmental budget is approved shall be subject to the government procurement plan in the detailed project budget approved by the financial audit; If the specific procurement items have been listed in the departmental budget, they shall be disclosed according to the budget amount of the specific procurement items in the departmental budget; If the procurement items are not listed in the departmental budget, the departmental budget shall be decomposed according to the actual work and made public according to the budget amount of the specific procurement items after decomposition.

  (2) single-source publicity.

  Meet the standard of the amount of public bidding, in line with the provisions of the first paragraph of Article 31 of the People’s Republic of China (PRC) Municipal Government Procurement Law, and can only purchase from a single supplier. Before reporting to the financial department for approval, the purchaser and the procurement agency shall publicize it in the media designated by the financial department at or above the provincial level. The publicity content shall include the purchaser; Purchase item number; Name of the procurement project; Budget amount of procurement project; Description of the goods or services to be purchased; Reasons for adopting single-source procurement method and related explanations; The name and address of the proposed unique supplier; Independent opinions of experts on the uniqueness of relevant suppliers due to patents, proprietary technology and other reasons, as well as the name, work unit and professional title of the experts; Comprehensive opinions of the expert group; Time limit for publicity; Contact matters, etc. The publicity period shall not be less than 5 working days. (See attachment format 1)

  (3) Procurement plan.

  The public content of the procurement plan shall include the purchaser; Purchase item number; Name of the procurement project; Name of the purchased item; Budget amount of procurement project; Purchase quantity; Demand time; Procurement method; Filing time, etc. After the procurement plan is filed by the financial department, the system will directly push it to the public. (See attachment format 2)

  (4) Announcement on soliciting opinions on procurement requirements.

  The procurement demand shall meet the requirements of technology, service and safety stipulated by laws and regulations and government procurement policies.

  For public service projects provided by the government to the public, the purchaser shall solicit public opinions at least 10 working days before determining the procurement demand, and the contents of the announcement for soliciting opinions shall include the name of the procurement project; Name of the purchased item; Announcement period; Time and method of feedback; Contact matters, etc. (See attachment format 3)

  (5) Pre-qualification announcement.

  The pre-qualification announcement period is 5 working days.

  1. Invitation to tender and other prequalification announcements. The public content shall include the procurement project number; Name of the procurement project; Budget amount of procurement project; Project contents and requirements (including government procurement policies to be implemented for procurement projects); Contents, standards and methods of prequalification; Qualification documents to be submitted by the supplier; Time for submitting the prequalification application documents; The place where the prequalification application documents are submitted; Announcement period; Contact matters; Procurement documents, etc. The time for submitting pre-qualification application documents shall not be less than 5 working days from the date of announcement. (See attachment format 4)

  The results of pre-qualification examination shall be determined and announced within 3 working days after the deadline for registration. The public contents shall include the purchaser and his contacts; Procurement agencies and their contacts; Purchase item number; Name of the procurement project; Supplier registration, review, etc. (See Attachment Format 5)

  2. Announcement on procurement prequalification of government and social capital cooperation projects (hereinafter referred to as PPP projects). The public content shall include the authorized subject of the project; Project implementation agency; PPP project number; PPP project name; Purchasing demand of PPP project; Qualification requirements for social capital (for example, whether the consortium is allowed to participate in procurement activities, whether the quantity of qualified social capital to participate in competition is limited, the methods and standards for limiting, qualification documents, etc.); Policy requirements such as purchasing domestic goods and services, technology introduction and transfer, and guarantee requirements for social capital to participate in procurement activities and performance guarantees; Time for submitting the prequalification application documents; The place where the prequalification application documents are submitted; Announcement period; Contact matters; Procurement documents, etc. The time for social capital to submit prequalification application documents shall not be less than 15 working days from the date of announcement. (See Attachment Format 6)

  (six) procurement documents, procurement announcements, corrections or changes.

  1. Procurement documents. Procurement documents refer to the bidding documents in bidding and other procurement methods that send invitations to suppliers. The procurement documents shall be made public at the same time with the procurement announcement or the announcement of the bid winning and closing results.

  (1) The contents of the tender documents shall include the budget amount of the procurement project; Business conditions, procurement requirements, qualifications of bidders, bid quotation requirements, bid evaluation methods, bid evaluation standards and the text of the contract to be signed. The provision period of the tender documents shall not be less than 5 working days from the date when the tender documents are issued.

  (2) The contents of competitive negotiation documents shall include supplier qualification conditions, procurement invitation, procurement method, procurement project budget amount, procurement demand, procurement procedures, price composition or quotation requirements, response document preparation requirements, deadline and place for submitting response documents, amount and form of deposit payment, and criteria for evaluating the transaction, etc. Clarify the contents that may be substantially changed by the negotiating team according to the negotiation with suppliers, including the technical and service requirements in the procurement requirements and the terms of the draft contract. It shall not be less than 3 working days from the date when competitive negotiation documents are issued to the deadline when suppliers submit their first response documents.

  (3) The contents of the inquiry notice shall include supplier qualification conditions, procurement invitation, procurement method, procurement project budget amount, procurement demand, procurement procedures, price composition or quotation requirements, response document preparation requirements, deadline and place for submitting response documents, amount and form of deposit payment, and criteria for evaluating the transaction, etc. It shall not be less than 3 working days from the date when the inquiry notice is issued to the deadline when the supplier submits the response documents.

  (4) The contents of competitive negotiation documents shall include supplier qualification conditions, procurement invitation, procurement method, procurement project budget amount, procurement demand, government procurement policy requirements, evaluation procedures, evaluation methods, evaluation criteria, price composition or quotation requirements, response document preparation requirements, amount and form of deposit payment, non-refundable deposit, possible substantial changes during negotiation, deadline, opening time and place for submission of response documents, and terms of draft contract, etc. It shall not be less than 10 days from the date when the competitive negotiation document is issued to the deadline when the supplier submits the first response document. The sale period of competitive negotiation documents shall not be less than 5 working days from the date of commencement.

  (5) The contents of 5)PPP project procurement documents shall include the procurement invitation, instructions to competitors (including the requirements of sealing, signing and stamping, etc.), the qualifications, credit and performance certification documents that competitors should provide, the procurement method, the government’s authorization to the project implementation agency, the approval of the implementation plan and the relevant project approval documents, the procurement procedures, the requirements for the preparation of response documents, the deadline for submitting response documents, the opening time and place, the amount and form of deposit payment, and the evaluation method. Evaluation criteria, government procurement policy requirements, draft contracts and other legal texts of government and social capital cooperation projects, details of variable project contracts in the negotiation of procurement results confirmation, and whether suppliers who have not participated in pre-qualification are allowed to participate in competition and conduct post-qualification review, etc. It is clear that the project contract must be submitted to the people’s government at the same level for examination and approval, and the project contract shall not take effect before it is approved; Policy requirements such as purchasing domestic goods and services, technology introduction and transfer, and guarantee requirements for social capital to participate in procurement activities and performance guarantees.

  Where competitive negotiation or competitive negotiation procurement is adopted, in addition to the contents specified in the preceding paragraph, the project procurement documents shall also specify the contents that may be substantially changed by the evaluation team according to the negotiation with social capital, including the technical and service requirements in the procurement requirements and the terms of the draft project contract.

   2. Procurement announcement.

  (1) The contents of the public tender announcement shall include the number of the procurement project; Name of the procurement project; Budget amount of procurement project; Purchase quantity; Contents and requirements of procurement projects (including government procurement policies to be implemented for procurement projects); Supplier qualification; The time, place and method of obtaining the tender documents and the selling price of the tender documents; Deadline for bidding; Place of submission of bid documents; Time of bid opening; Place of bid opening; Announcement period; Contact matters; Principal-agent agreement; Bidding documents, etc. The duration of the tender announcement is 5 working days. (See Attachment Format 7)

  (2) The contents of competitive negotiation announcement, competitive consultation announcement and inquiry announcement shall include the procurement project number; Name of the procurement project; Budget amount of procurement project; Purchase quantity; Project contents and requirements (including government procurement policies to be implemented for procurement projects); Supplier qualification; The time, place and method of obtaining negotiation, consultation and inquiry documents and the selling price of the documents; Deadline for submission of negotiation, consultation and inquiry documents; The place where the negotiation, consultation and inquiry documents are submitted; Time for negotiation, consultation and inquiry; Place of negotiation, consultation and inquiry; Announcement period; Contact matters; Principal-agent agreement; Competitive negotiation documents, competitive consultation documents, inquiry notices, etc. The period of competitive negotiation announcement, competitive negotiation announcement and inquiry announcement is 3 working days. (See Attachment Format 8)

  (3) If the purchaser or procurement agency makes necessary clarifications or amendments to the issued bidding documents, prequalification documents, competitive negotiation documents and competitive negotiation documents in which suppliers are invited to participate by announcement, it shall issue a correction announcement in the original announcement media and notify all potential suppliers who have obtained the procurement documents in writing. The contents of the rectification announcement shall include the time of the original announcement, the name and number of the procurement project, and the reasons and contents of the rectification; Corrected deadline for bidding (response); Contact matters. (See Attachment Format 9)

  If the clarification or modification may affect the preparation of bidding documents, prequalification application documents and response documents, a correction notice shall be issued at least 15 days before the deadline for bidding, at least 3 days before the deadline for submitting prequalification application documents, or 3 working days before the deadline for submitting the first response documents, and all potential suppliers who have obtained the procurement documents shall be notified in writing; If it is less than the above time, the deadline for submitting bid documents, prequalification application documents and response documents shall be postponed.

  (4) The announcement of change refers to the announcement of extending the deadline of bidding and the time of bid opening. The contents of the announcement shall include the time of the original announcement, the name and number of the procurement project, and the reasons and contents of the change; The changed deadline for bidding (response); Contact matters. The notice of change shall be issued at least 3 days before the deadline for submission of bidding documents, and all recipients of bidding documents shall be notified in writing. (See Attachment Format 9)

  (7) announcement of results.

  1. Announcement of bid winning and closing results.

  The bid winning and closing announcement period is 1 working day.

   (1) The contents of the announcement of the bid-winning and transaction results of government procurement projects such as open tender, invitation to tender, competitive negotiation, inquiry, single source and competitive negotiation shall include the number of the procurement project; Name of the procurement project; Budget amount of procurement project; Procurement method; The name, legal representative and address of the supplier who won the bid and clinched the deal; Name, specification, model, quantity, unit price, bid, transaction amount and service requirements of the bid-winning and transaction target; Review date, review place, list of persons in charge and members of the review committee (negotiation group, consultation group, inquiry group or single-source procurement group); Evaluation opinions (if the supplier is recommended to participate in procurement activities in writing, the recommendation opinions of the purchaser and evaluation experts shall also be announced); Announcement period; Contact matters; Bidding documents, competitive negotiation documents, competitive consultation documents, inquiry notice, etc. The announcement of the bid winning and closing results shall be published within 2 working days from the date when the bid winning and closing suppliers are determined. (See Attachment Format 10)

  The agreed designated procurement project shall also announce the shortlisted price, price adjustment rules and preferential conditions.

  (2) Pre-winning bid of 2)PPP project and publicity of transaction results. The publicity content shall include the PPP project number; PPP project name; Procurement method; The name, legal representative and address of the social capital that won the bid in advance; The name of the pre-winning bid and the target of the transaction, and the publicity period; Contact matters; According to the procurement documents, response documents, relevant addendum documents and confirmation negotiation memorandum, the text of the project contract (the text of the project contract shall take the important commitments and technical documents in the social capital response documents of pre-winning bid and transaction as annexes, and the contents involving state secrets and commercial secrets may not be publicized). The project implementation agency shall, within 10 working days after the pre-bid and the social capital of the transaction are determined, sign a memorandum of confirmation negotiation with the pre-bid and the social capital of the transaction, and publicize the pre-bid and the transaction results and the text of the project contract for not less than 5 working days. (See Attachment Format 11)

  (3) Announcement of bid winning and closing results of 3)PPP project. The contents of the announcement shall include the PPP project number; PPP project name; Procurement method; The name, legal representative and address of the social capital that won the bid and clinched the deal; The name of the bid winner and the subject matter of the transaction, and the main conditions of the bid winner and the transaction (including but not limited to the cooperation period, service requirements, project budget, return mechanism, etc.); List of members of the review team and the negotiation working group for confirmation of procurement results; Policy requirements such as purchasing domestic goods and services, technology introduction and transfer, and guarantee requirements for social capital to participate in procurement activities and performance guarantees; Announcement period; Contact matters; Project contract text, etc. The announcement of the winning bid and the closing result shall be released within 2 working days after the expiration of the pre-winning bid and the closing result publicity without objection. (See Attachment Format 12)

   2. Notice on the cancellation of bid (termination). In case of invalid bid in public bidding and invitation bidding, an announcement of invalid bid shall be issued. In case of termination of procurement activities in competitive negotiation, competitive consultation, single-source procurement and inquiry, a project termination announcement shall be issued. The contents of the announcement of the cancellation of bid (termination) shall include the number of the procurement project; Name of the procurement project; Release time of procurement announcement; Time of bid opening (quotation); Matters, contents and reasons for the cancellation of bid (termination); The time of bid invalidation (termination); Contact matters, etc. The announcement of bid cancellation (termination) shall be issued within 2 working days from the date when the bid cancellation or project termination is determined. (See Attachment Format 13)

  (8) Procurement contracts.

   The government procurement contract shall be made public within 2 working days from the date of signing. The part of the government procurement contract involving state secrets and commercial secrets may not be made public, but other contents shall be made public. The contents of government procurement contracts involving state secrets shall be determined by the purchaser in accordance with the Law on Guarding State Secrets and other legal systems. The contents of the procurement contract involving trade secrets shall be agreed by the purchaser with the supplier in the contract according to the provisions of the Anti-Unfair Competition Law, the Supreme People’s Court’s Opinions on Several Issues Concerning the Application of the Civil Procedure Law of People’s Republic of China (PRC) (Fa Fa Fa [1992] No.22) and other legal systems. Among them, the name, specifications, unit price and contract amount of the subject matter of the contract shall not be regarded as trade secrets. Names and contact information related to personal privacy in the contract shall not be made public except with the consent of the obligee.

  The government procurement contract shall specify the main clauses such as the contract object, contract amount, performance period and liability for breach of contract in accordance with the standard contract format and be completely disclosed. The disclosure of government procurement contracts shall include the purchaser; Purchase item number; Name of the procurement project; Contract number; Name of the contract; The successful bidder and the successful supplier, their addresses and contact information; Contract amount; Budget amount of procurement project; Time of signing the contract; Time of contract announcement; Contact matters; Announcement of winning the bid and closing the transaction; Procurement contract text, etc. (See Attachment Format 14)

  If the government procurement contract signed after March 1, 2015 is not made public as required, it shall be made public in the format required by this notice before October 31, 2015.

  (9) Acceptance report.

  The public service projects provided by the government to the public shall invite the clients to participate in the acceptance and issue opinions, and the acceptance results shall be announced to the public. The contents of the acceptance report shall include the procurement project number; Name of the procurement project; Contract number; Name of the contract; The successful bidder and the successful supplier, their addresses and contact information; Contract amount; Name, specification, model, quantity, unit price, bid, transaction amount and service requirements of the bid-winning and transaction target; Acceptance conclusion; List of members of the acceptance team; Contact matters; Acceptance letter text, etc. (See Attachment Format 15)

  The acceptance report shall be issued within 2 working days from the date of completion of performance acceptance.

  (10) Regulatory information.

  Government procurement supervision information mainly includes information on illegal and untrustworthy behaviors of government procurement parties and review experts, records of bad behaviors of government procurement parties and review experts, handling decisions such as government procurement complaints or supervision and inspection, assessment results of centralized procurement institutions, and information disclosure of government procurement projects. The supervision information of government procurement is made public through columns such as "information on illegal and untrustworthy behavior", "exposure desk", "decision on handling complaints or inspections" and "other supervision information".

  1. The contents of the announcement on the information record of illegal and untrustworthy behaviors of government procurement parties and evaluation experts shall include the name and address of the parties, the specific circumstances of illegal and untrustworthy behaviors, the basis for handling, the results of handling, the date of handling and the name of law enforcement agencies. Information records of monthly violations of laws and regulations and dishonesty shall be announced no later than the 10th day of the following month.

  2. The contents of the announcement of bad behavior records of government procurement parties and review experts shall include the names of the parties, reasons, handling organs and handling results. The record of bad behavior shall be announced within 5 working days after the completion and implementation of the relevant reporting procedures.

  3 government procurement complaints or supervision and inspection decision announcement shall include the name and address of the relevant parties; The complaint involves the name of the procurement project and the procurement date; Complaints or major issues of supervision and inspection; Processing basis; Processing results; Name of law enforcement agency; Announcement date and other information. The decision on handling government procurement complaints or supervision and inspection shall be announced within 5 working days after the completion and implementation of the relevant reporting procedures.

  4. The announcement of the assessment results of the centralized procurement institution shall include the name and address of the centralized procurement institution; Main contents of assessment; Assessment method; Assessment results; There are problems; Assessment unit, etc. The assessment results shall be announced within 5 working days after the completion and implementation of the relevant reporting procedures.

  5 other regulatory information shall be disclosed in accordance with the requirements of government procurement laws and regulations and related systems.

  IV. Relevant requirements

  (a) financial departments at all levels, departments, units and procurement agencies should strengthen the awareness of the rule of law, do a good job in the disclosure of government procurement information in accordance with the law, improve the system, optimize the process, implement the division of responsibilities, establish and improve the working mechanism of government procurement information disclosure, and earnestly fulfill the responsibilities and obligations of government procurement information disclosure.

  If the relevant provisions of the Notice of the Provincial Department of Finance on Further Standardizing the Announcement of Government Procurement Information (Guangdong Finance Procurement [2014] No.11) are inconsistent with this notice, this notice shall prevail.

  (two) the financial departments at all levels should do a good job in upgrading the relevant information systems and online media in a timely manner, and complete the docking work with the Guangdong provincial government procurement network system. Give full play to the advantages of information technology, innovate information disclosure methods, improve information disclosure functions, improve the automation level of government procurement information disclosure, and create convenient conditions for purchasers and agencies to disclose government procurement information and accept social supervision. The Provincial Department of Finance will publish the specific operational guidelines for provincial budget units to disclose government procurement information on the Guangdong Provincial Government Procurement Network.

  (III) The financial departments at all levels should strengthen the guidance, supervision and inspection on the disclosure of government procurement information, increase the penalties for violations of laws and regulations, and pursue legal responsibilities in accordance with the relevant provisions of the People’s Republic of China (PRC) Government Procurement Law and the Regulations for the Implementation of the People’s Republic of China (PRC) Government Procurement Law.

  (four) this notice shall be implemented as of October 1, 2015. Cities and counties (cities, districts) directly under the jurisdiction of finance can be fully opened before the end of 2015 with reference to the requirements of this notice in light of local conditions.

  (five) in case of problems and suggestions in the implementation, please report to the Provincial Department of Finance (Government Procurement Supervision Office) in a timely manner.

       Guangdong Provincial Finance Department

  September 1, 2015

Rene Liu: I’m not bad and I don’t worry about getting married [Photos]


"I’m like a femme fatale?"



"I’m not bad and I don’t worry about getting married."


  [Guest] "Stupid Root" is too red to invite.


  "Please rest assured the audience this time, because I have a lot of songs to sing, and another guest, A Xin, said that he would sing 16 songs himself." Rene Liu’s words amused everyone, and the guests generally didn’t want to usurp the host’s role. The reason why A Xin dared to be so arrogant on May Day was of course due to his friendship with milk tea. "How good is it? We are so good … A Xin said that it took him the longest time to write a song for me this time, so good that A Xin would come to help me without saying anything if I needed help, so that I would treat him well when he came to Nanjing, haha. " Speaking of guests, everyone mentioned Wang Baoqiang, who was very popular recently because of Soldier Assault, because Wang Baoqiang was once a guest of milk tea. "When we filmed world without thieves, we all knew that we couldn’t fake acting with’ Stupid Root’ because he was very serious about every line and liked his seriousness very much, but now he is too red to invite him."


  [Transformation] Play "femme fatale" when you have the chance.


  In 2008, apart from the concert, the plan that Milk Tea gave itself was actually "to be an unemployed person, not to arrange any work, and to do whatever you want". In fact, Rene Liu, who is the "best prize winner", has been "applauding and making a hit" in recent years, and many investment companies even regard her as a guarantee of ratings, because her "unemployment" makes everyone feel deeply sorry, and she doesn’t agree with it. "There are still many works without my participation in the ratings. I demand that I must be fully prepared to ensure that the things I produce are good, otherwise I am sorry for investors and audiences. " A reporter asked whether milk tea wanted to transform into a bad woman. She suddenly widened her eyes and said, "Do you think I look like a snake and scorpion woman? In fact, I really want to play. Since everyone sees that I have potential, I will play next time I have the opportunity. "


  [Love] I’m not bad, I’m not worried about getting married.


  Later, I love you very much, and Fulfillment … Rene Liu’s songs are full of women’s affairs, but her own "lifelong event" is a problem that all her friends, relatives and fans are worried about. At the Shanghai concert, Master Bobby Chen advised her to "find someone to marry early" through video, and she replied with a grudge-like stubbornness, "I want you to take care of it!" Today’s Rene Liu is still willing to be "crazy about love", but she is long past the age of hating marriage. "In fact, a person can live a good life. You can travel everywhere. You can say that you don’t have to tell another person when you leave. A lover is not free, but you have to worry about a lot of things." As for her own wedding date, she is not in a hurry. "Even if you don’t marry, it doesn’t matter. My conditions are not bad. If you really don’t have to worry about getting married, Compared with falling in love, milk tea seems to be more willing to enjoy the love in sleepwalking on the stage of the concert. "Sleepwalking is more free than loneliness and happier than love. I hope that everyone will sleepwalk in the music of love at the concert. " Our reporter Zhang Yanwen You Xiaoyuan photo

Editor: Zhao Deli

OTA Summary of Changan/Euler/Ideality in February 2023

  [car home Information] It’s the time of OTA summary every month again. This month (|) and Lightning Cat ushered in the first upgrade. At the same time, many cars owned by Changan, including Lantu FREE, Changan Lumin and Deep Blue SL03, have also been upgraded. The ideal L9/L8 is that OTA has upgraded as many as 35 new functions. Let’s look down at the specific upgrades.

Home of the car

  OTA (full name: Over-The-Air technology) has become the most fashionable vocabulary at present, and it is also an important indicator to assess whether the products of car companies are intelligent enough. OTA is divided into FOTA and SOTA, in which SOTA refers to the software upgrade in the air, which is biased towards the software upgrade including the application of the vehicle system, just like the update of some application versions in smart phones; FOTA refers to the firmware upgrade in the air, which can upgrade and optimize the core modules such as vehicle three-electric system and control system, just like the operating system version update of smart phones.


● Euler automobile
OTA involves models: Euler ballet cat
OTA content: guard mode, sentry mode, etc.
OTA Push Time: February 14th

  On February 14th, Euler Ballet Cat officially ushered in the first OTA upgrade. This OTA upgrade will add 11 functions, including guardian mode, sentry mode, intelligent driving birthday celebration, locking the car and automatically raising the window, etc., and there are also 21 functions. Optimization.

Home of the car

Home of the car

  Specifically,Guardian mode:When in distress, automatically alarm and notify the emergency contact;Sentinel mode:Inform the owner of the abnormal situation at any time;Short-term resident mode (pet guarding function):The air conditioner works continuously when the car is locked;Cave time:Open the cave mode and take a short rest with white noise and dancing fire;Meditation mode:Create an exclusive "lounge";Egg mode:Festival birthday specific egg animation;Intelligent driving assistant:The menu interface [Intelligent Driving Assistant] can search/view the introduction of related functions to help novice drivers master the related functions of intelligent driving;Yunxi timbre:The voice assistant "Xiao Ou Xiao Ou" added male timbre;Auto-window-raising function of car locking:When locking the door can be set, all windows will close automatically;Maintenance mode:Provide security for the maintenance process; Privacy management upgrade: upgraded voice, fatigue detection (optional) and face recognition (optional) are turned off by default, and can be turned on by clicking again.

Home of the car

  Instructions for upgrading: 1. Before upgrading, please read the OTA Upgrade Guidance Manual and precautions in detail; 2. All the functions have passed the internal verification and have been tried by the owner. If you encounter any problems during the use, you can contact them in time through the exclusive service group and the official customer service hotline: 400-666-5969. * This upgrade will be carried out in batches and is expected to be completed by the end of February. * Swan Lake and Nutcracker editions come standard with guard mode, sentry mode and cave mode. Meditation mode, Alice, Sleeping Beauty Edition can be equipped with a warm-hearted girlfriend optional bag to open the cave mode and meditation mode. Other new features are standard for all departments.


● Euler automobile
OTA involves models: Euler lightning cat
OTA content: new car function, optimization of remote parking, etc.
OTA Push Time: February 22nd

On February 22nd, Euler Lightning Cat officially pushed the first OTA upgrade. This upgrade has adopted the feedback from the first batch of users, which has brought about seven optimizations, including adding car functions, optimizing remote parking and unlocking near cars, etc., to enhance the car experience.

Home of the car

Home of the car

  New car function: add video instructions of common functions to help new users get started quickly and understand and use the rich functions of Euler Lightning Cat through video.

Home of the car

  Optimize the "remote parking" experience: optimize the radar and camera fusion algorithm of automatic parking, improve the ability to identify special objects during automatic parking, and provide more parking scene support. Optimize the control logic of remote parking, and improve the experience of mobile App controlling the automatic parking and parking of vehicles in the scene of leaving the car.

Home of the car

  Optimize the "near-vehicle unlocking" function: optimize the logic of the near-vehicle unlocking function, increase the linkage mechanism between the back door and the four-door lock, and expand more usage scenarios.

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  Optimize the anti-interference ability of "electronic steering lock": optimize the software algorithm to improve the anti-interference ability of the vehicle to abnormal electromagnetic signals in special environment and improve the safety performance of the whole vehicle.

Home of the car

  Improve the comfort of air conditioning in low temperature environment: according to the road test data of urban working conditions and extremely cold working conditions in winter of 2022, optimize the air conditioning parameters to improve the comfort of heating in low temperature environment.

Home of the car

Home of the car

  Optimize charging performance: improve the compatibility of different brands of charging piles and support more charging pile brands. Optimize the software of power battery: optimize the algorithm of SOC quantity, and improve the accuracy of displaying SOC and remaining mileage.

Home of the car

  Note: This upgrade is expected to take 45 minutes. It is recommended to make an appointment to upgrade. The upgrade process cannot be terminated and the vehicle cannot be used normally. OTA will be pushed in batches. Before upgrading, please switch the driving mode to economy mode or standard mode, and adjust the wiper switch to OFF position. In addition, it should be noted that the power is 20% or above, and the door glass lifting function cannot be used during the upgrade. Please do not open or close the door.


● Changan Automobile
OTA involves models: changan Lumin
OTA content: fast interconnection, rich voice commands, etc.
OTA Push Time: February 14th

  On February 14th, Chang ‘an Lumin released the carefree charging package and ushered in the OTA upgrade of the car, making the charging more convenient and the car more intelligent.

Home of the car

  It is reported that with the 3.3kW AC/DC integrated charger and the integrated fast and slow charging converter in the carefree charging package, it takes only 2.9 hours to charge the 210km battery life of Changan Lumin from 30% to 80%.

  In terms of vehicles, Changan Lumin supports the following new functions after OTA:

  1. Fast interconnection, which can realize music playing and phone call, only need one operation, and then automatically connect. (Only for Android phones)

  2. Support the interconnection of mobile phones: After the interconnection of mobile phones, intelligent entertainment functions such as navigation, Internet music/radio, video projection and so on can be realized, and Bluetooth /USB music and navigation sound sources do not cover each other.

  3. Enrich voice commands, covering all aspects of voice commands such as music playing/switching, making phone calls, navigation route selection and weather query.


● Changan Deep Blue
OTA models: deep blue SL03
OTA content: new Netease cloud music, 540-degree transparent chassis, etc.
OTA Push Time: February 6th

  A few days ago, Changan Deep Blue officially announced the upgrade announcement of Deep Blue SL03 OTA. The new functions and optimization experience of this version of DEEPAL OS 1.1 include intelligent cockpit, intelligent driving, intelligent vehicle control and other fields. The main upgrade contents include the addition of Netease cloud music, support for "thousands of people" exclusive driving mode and 540 transparent chassis function. This OTA will upgrade the 515 pure electric version and 1200 extended range version of Changan Deep Blue SL03 first, and the 705 pure electric version will be upgraded later.

Home of the car

Home of the car

  In terms of new applications, "Netease Cloud Music" was added; Applications such as "Deep Blue Experience Show", "Cloud Listening" and "Lazy Listening to Books" will be launched in the application mall, which can be downloaded by yourself.

  In terms of interactive experience, the switch function of watching video and singing while driving is added; Add traffic query function; Optimize the rotation function experience of the central control panel, add a shortcut key to the center of the central control panel in the control center, and optimize the rotation function of the central control panel in voice control; Optimize the experience of the steering wheel custom button function. Press and short the custom button newly to set different shortcut functions separately. When the "light comity" and "low-speed pedestrian alarm sound" are turned on and off by the custom button, a text prompt is added to the central control screen.

Home of the car

  In terms of assisted driving, a 540 transparent chassis function is added; Optimize the experience of vehicle cornering function in IACC state; Optimize the experience of vehicle close-range parking function in ACC and IACC States; Optimize the AEB trigger sensitivity experience in the case of low-speed car following; Optimize the problem that the false alarm of the vehicle forward-looking camera is blocked.

Home of the car

  In terms of driving experience, the exclusive driving mode of "thousands of people and thousands of faces" has been added; The display and setting function of micronucleus high frequency pulse heating in the central control panel is added; Add "economic mode" driving mode; Optimize the experience of wiper adjustment function, and increase the 4-speed sensitivity adjustment option of wiper "automatic gear".

  Official prompt, the above OTA upgrade content is partial, and the complete upgrade content is shown in the official announcement or subject to the actual push of the car. When upgrading, please park the vehicle in a safe area (gentle road section) and keep it still; During the upgrade, please do not charge for the time being; During the upgrade, it is normal that the screen may be turned off or restarted, and the instrument panel fault light will prompt briefly, so please do not intervene artificially. If you confirm the upgrade, you can click the upgrade now button or just use the reservation upgrade function, and the system will automatically update. The overall upgrade time is estimated to be 75 minutes, depending on the network environment.


● Lantu Automobile
OTA involves models: lantu FREE
OTA content: vehicle-machine interface, interaction, functions, etc.
OTA Push Time: February 10th

  A few days ago, Lantu FREE ushered in the upgrade of OTA version 3.0. This OTA has carried out 71 optimization upgrades on the interface, interaction and functions of the car, including 13 new functions and 58 experience optimizations, and adopted more than 130 user requirements.

■ The interface is more vivid, and the car also has a "smart island"

Home of the car

  Lantu Free OTA version 3.0 brings a smart island design like iPhone, and realizes rich interaction with simple design. As the fourth screen of the car, "Smart Island" function can pop up various important information such as navigation guidance, incoming call, enlarged map of intersection, location sent to the car and so on in an eye-catching way. At the same time, the interface can change flexibly according to different types of messages, and the driving distance and incoming call information can be grasped in real time, which not only ensures driving safety, but also avoids worrying about missing the intersection.

  This OTA improves the value of the car interface, and the operation is convenient and intuitive. UI such as dashboard background, function icons and ADAS effect is fully optimized; The "Quick Control" interface has been redesigned, and the commonly used shortcut keys for vehicle control have been added to the negative screen, making it more convenient for users to use the functions. The added "weather forecast" mode and weather dynamic wallpaper directly display the weather on the central control screen, and cooperate with the weather animation to let users vividly feel the daily weather changes. The air conditioner, fragrance, seat and window in the car are integrated into a visual function plate, and the interface of each function setting is more convenient to control.

■ Navigation is more intimate, and the location of the mobile phone is sent by airdrop.

  In response to the user’s demand, this OTA has added a binding page for handcart interconnection. Users can search for addresses through apps such as WeChat, Meituan and Public Comment, and then share them with the car machine with one click, thus realizing the synchronous sharing of mobile phones and car machines, saving the time of repeatedly searching for destinations on the car machine and making travel more efficient.

Home of the car

  In addition, this update also enriches other functions of car navigation, making car navigation as convenient as mobile navigation. The navigation card on the home page newly displays the enlarged map of the intersection. When the vehicle drives to the intersection, the navigation interface will pop up the enlarged intersection image, making it more convenient for users to choose the lane. When there is no navigation, the car will display the road condition tips and estimated time-consuming for users to go home or go to the company, which is intuitive and convenient. This OTA also allows the co-pilot screen to view the navigation road conditions and panoramic map when navigating, and at the same time, it can search around, modify the destination and send the passing points to the central control navigation, so that the co-pilot can help the driver to go to every destination more effectively and conveniently, making driving safer.

■ More entertainment, creating a mobile leisure room.

  This OTA has also expanded and optimized entertainment resources, making users’ in-car life richer. The co-pilot screen ushered in a comprehensive rejuvenation, and the homepage was updated to be recommended by iQiyi, directly selecting the hottest drama at present, so that the co-pilot can have more fun when taking a long-distance bus. The entertainment interface has also added the online radio resource "Cloud Listening" of Yangguang, which gives users who like to listen to radio broadcasts more choices. The multimedia page of the car machine is completely redesigned, and the operation logic is unified and optimized to turn pages vertically, completely duplicating the operation mode of mobile phones and smart TVs, which is easier to use and lowers the learning threshold for users. On the central control screen, music and radio stations are merged into a media card, and users can quickly switch media sources on the card.

Home of the car

  In addition to the above updates, this OTA has also made a number of optimizations for intelligent voice, instrument display and system functions, such as adding voice skills, which can directly switch power modes; The quick account switching function is added, so that the same car can adapt to the driving habits of different people, so that the whole family can share the FREE; map; There is a new custom editing function of instrument card components on the lathe, which allows users to combine them according to their own usage habits, and the operation is as convenient as a mobile phone; The function of subtotal mileage has been added, so that users can accurately grasp the car data of each journey and so on.


● LI
OTA models: L9, L8
OTA content: intelligent driving, human-vehicle interaction, etc.
OTA Push Time: February 17th

  LI announced today that the ideal L9 and L8 have welcomed OTA 4.3, and 35 new functions have been added to the 4.3 system to optimize 17 experiences. The OTA update is as follows:

  First, intelligent driving

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  1. The high-speed NOA function standard on the ideal AD Pro is online, and vehicles can overtake independently, adjust the speed limit, enter and exit the ramp, etc.

  2. Call in a straight line and start quickly in 5 seconds.

  3. The first intelligent driving map construction early warning. Cooperate with Gaode Map to update the dynamic construction information and push it to the driver earlier.

  4. Intelligent parking in inclined train spaces.

  5. Lane departure auxiliary rectification.

  Second, human-vehicle interaction:

  1. There are many Bluetooth headsets in the back row.

  2. New lyrics are displayed on the media card of the central control panel.

  Third, the first three applications

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  1. The countdown function of traffic lights starts.

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  2. The intelligent cockpit "Task Master" is launched, and the cockpit function combination can be customized, including multi-field linkage such as seat, driving and lighting.

  3. The video platform "Happy Premiere" landed in the car application center.

  Fourth, the smart space upgrade

  1. Add video aggregation search function. Say "I want to watch TV series" to my ideal classmates, and you can search across platforms without opening the application.

  2. Locking the car outside the car will not turn off the power. The air-conditioned entertainment system can continue to be used in winter and summer, or when pets are used in the car.

  3. Add the mobile phone key family sharing function. Multi-person car does not need the owner’s remote App to unlock.


● Feifan Automobile
OTA involves models: Feifan R7
OTA content: new cloud game function, enhanced voice generalization ability, etc.
OTA Push Time: February 24th

  A few days ago, we learned from the official that Feifan R7 will carry out the first OTA upgrade, and the version of RISING OS 1.1.0 will be pushed to users from now on. It is reported that this upgrade will add 26 major functions and optimize 20 experiences. In addition, the official said that the OS software version equipped with RISING PILOT advanced intelligent driving system is expected to be pushed in late March.

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"new6 3A themed games

  Specifically, version 1.1.0 of Rising OS is mainly aimed at upgrading the smart cockpit, including adding cloud game functions, supporting the connection of Bluetooth handles and mobile phone virtual handles, and built-in six 3A-themed games such as "the king of fighters 14", "Legend of the Sword and the Chivalrous Man 7" and "Leo’s Wealth". At the same time, the "Love Listening" application has been added to the central control screen, and music playback display has been added to the instrument screen. For models with non-streaming rearview mirrors, the function of viewing rearview images on a large screen in real time is added, which means that users have a "virtual streaming rearview mirror" that can be called at any time.

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"Add the function of viewing rear-view images on large screen in real time"

  In terms of interactive experience, the basic operation of Rising OS version 1.1.0 is smoother and smoother. The new version strengthens the ability of speech generalization and can achieve more efficient speech interaction recognition. At the same time, the cockpit voice control ability is further enhanced. The visual enhanced AR-HUD head-up system can realize the adjustment of switch, volume, brightness and height through voice, and the seat can also realize the all-round adjustment of position and angle through voice, eliminating the need for users to manually call complicated multi-level menus. In addition, the new version also improves the fluency of users’ main interactions such as drop-down menu, Widget Box and Dock bar.

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  The upgrade also added the functions of "automatic planning of energy-supplementing path" and "smart power finding". According to the remaining mileage and route environment, the vehicle can actively help the user plan the energy replenishment plan along the way and add the charging station to the navigation itinerary. The "Smart Power Search" function can automatically evaluate the distance, charging standard and busy/idle state of the surrounding charging/changing stations according to the vehicle location, and recommend the charging station with the best time and economic cost for users.

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  With the upgrade of RISING OS 1.1.0, the coverage of high-speed navigation has been continuously studied and iterated, and the coverage of high-speed navigation has been greatly increased in the cities that have been opened. In the new OS software version that Feifan Automobile plans to push in late March, it will optimize the intelligent driving scene and the coverage of urban road sections. In addition, we will be the first to experience the optimized high-speed navigation assistance function next week, which will bring you a detailed experience.


● Ford
OTA involves models: electric horse
OTA content: remote control of air conditioning, support for booking parking upgrades, etc.
OTA Push Time: February 15th

  A few days ago, we learned from the official of Ford Electric Horse that from now on (February 15th), Ford Electric Horse will launch a new wave of OTA upgrade for China users this year. For a long time, Ford Electric Horse has continuously provided users with more functions, complete services and frequently-used car experience through OTA. This time, OTA upgraded the interconnection module for users, realized the ability of App to remotely control air conditioning and heating, and added related capabilities such as supporting reserved parking upgrades.

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  After the upgrade, users can remotely control air conditioning, seat heating and steering wheel heating through the Ford electric horse mobile App. The newly added functions of "heating and defogging" and "rapid cooling" can quickly remove the fog on the window and windshield, and reduce the cabin temperature in advance at the fastest speed.

  OTA upgrade can be divided into parking upgrade and non-inductive upgrade. At present, the OTA upgrade of Ford electric horse belongs to non-inductive upgrade, and the upgrade process is completed in the background, without the user’s own control of the upgrade time, while the OTA parking upgrade can only be completed when the vehicle is not started. Therefore, in this OTA upgrade interconnection module, the function of supporting reservation parking upgrade is added, and the owner can freely choose the functions of "reservation upgrade" and "update now" to make an appointment update. In the future, the upgrade method will be decided according to the different OTA push modules to ensure the driving safety during the upgrade process. Thanks to Ford’s new generation of electronic and electrical architecture-FNV Intelligent Interconnection Network Architecture, a neural network and decision-making center for the whole vehicle was built, and Ford Electric Kyle realized the global cloud upgrade of software and firmware.

Ford electric car Ford electric horse 2021 borderless rear drive deluxe edition (long battery life)

   Ford electric horse, which is positioned as a medium-sized SUV, currently has four models on sale, and the price range is 249,900-369,900 yuan. In terms of battery life, CLTC cruising range is 492 km, 513 km, 554 km and 619 km according to different vehicle configurations for consumers to choose from.


● Remote car
OTA involves models: remote star enjoys v.
OTA content: reduce vehicle energy consumption and optimize low-speed driving stability.
OTA Push Time: February 6th

  On February 6th, Star V (including V5E and V6E) of Remote Automobile ushered in the first OTA upgrade in 2023. This OTA mainly involves the function upgrade of four modules, including: reducing vehicle energy consumption, optimizing low-speed driving stability, and increasing the use of air conditioning functions when charging. This OTA is a free push. You can follow the instructions or go to the remote car service station to upgrade after receiving the relevant SMS, phone call or notice from various platforms of the remote car. The specific operation process is as follows:

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Operation instruction of Star Enjoy V5E/V6E OTA real vehicle:

  When there is an upgrade task for the Star Enjoy V5E/V6E, there will be an OTA message on the dashboard 1-5 minutes after the vehicle starts, and the user can confirm or cancel the upgrade through the OTA button on the left side of the steering wheel.

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OTA operation preparation

  1. Before upgrading the vehicle, the following conditions shall be met:

  1.1 The vehicle is in the ON state; 1.2 The vehicle is in a non-READY state; 1.3 The vehicle is not under high pressure; 1.4 The vehicle is at rest; 1.5 The vehicle is not charging; 1.6 Vehicle handbrake is pulled up; 1.7 the vehicle gear is in n (neutral); 1.8 vehicle trouble-free, instrument trouble-free lights; 1.9 The battery voltage of the vehicle shall be over 12V;

  2. During the upgrade process, the following requirements shall be met:

  2.1 Do not operate the vehicle; 2.2 The battery voltage of the vehicle shall be over 12V; 2.3 If the battery voltage is low, it is recommended to take power to upgrade;

  3. After the upgrade is completed

  3.1 The vehicle needs to be powered on and off again, and the vehicle should be READY. If the vehicle cannot be powered on, please record it in time and feed it back to the remote after-sales technicians.

Upgrade operation

  1. Upgrade preparation

  1.1 Operate the vehicle to power down, and the key is in the OFF position. 1.2 After the vehicle sleeps for 1-5 minutes, power it ON again (on gear) and wait for about 1 minute.

  2. Confirm the upgrade

  2.1 Observe the instrument information, and the instrument displays OTA. 2.2 click the OTA button to operate 2.2.1 to confirm the upgrade.

  After confirming the upgrade, the word OTA on the instrument flashes slowly, indicating that the vehicle is undergoing OTA upgrade. Until the word OTA disappears, the buzzer will sound, indicating that the upgrade is complete. (During the upgrade, it is normal for the instrument to light the fault light and the OTA light to continuously flash).

  Note: If the short press of the satellite enjoy V5E/V6E OTA button is still invalid (the word OTA of the instrument does not flash slowly), you can try to cancel the upgrade manually (press it for more than 3s), then power off the whole vehicle for 2 minutes, and then power on it again. After the word OTA appears, press it short to confirm the upgrade. According to experience, this operation has a high success rate of key pressing.

Cancel the upgrade

  Press the OTA buttON for a long time (until the word OTA disappears on the dashboard), and after the next ON gear is turned on for 1-5 minutes, the OTA prompt light will continue to appear on the instrument. You can operate the above steps to upgrade.

  This OTA upgrade has been strictly tested. If you fail to upgrade successfully, please contact us at 400-061-5566 as soon as possible, or go to the nearest remote car service station to enjoy the upgrade service.


● Baojun Automobile
OTA involves models: KiWi EV
OTA content: add smart driving such as memory parking and mobile App parking.
OTA Push Time: February 15th

  On February 15th, the 2023 KiWi EV started the first system upgrade. This upgrade added intelligent driving functions such as memory parking and mobile App parking, and added eight new scenes of the "Scene Rubik’s Cube", and optimized a number of intelligent network connection functions of the vehicle.

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   2023 KiWi EV adds memory parking function. This function relies on DJI vehicle-mounted stereo binocular camera, vehicle-gauge level controller and UAV homologous algorithm. Users can freely choose the starting point and ending point to learn and create routes in the parking lot, and support wired parking spaces such as outdoor ground parking lots and underground parking lots, vertical/horizontal/oblique trains, covering all kinds of scenes, and stopping immediately when they are visible.

   Users can intelligently avoid pedestrians/vehicles and passing cars when parking, and do not need to enter the parking space when learning the route. At the same time, the route creation limit is low, and it can be reversed for a short time when parking in memory, and it can be used at any time after the route creation is completed. In addition, the 2023 KiWi EV opened the car machine and the mobile phone Zhilian ecosystem, and the one-button parking function of the mobile App was launched. Users can park in and out by using the mobile App, covering more parking scenarios.

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   Scene Rubik’s Cube uses intelligent driving recommendation algorithm, which can link navigation and binocular vision recognition system, and actively recommend driving assistance to users when the road is clear. At the same time, it can automatically identify the parking intention and parking space, and it is recommended to use the parking function. On the other hand, in the scene of getting on the bus, going home and going to the company, which is frequently used by users, it automatically triggers the greeting of getting on the bus, and actively recommends opening the route of going home/going to the company to realize "service to find someone". In addition, the system adds three quick scenes: the user can leave the car for a short time without turning off the power; Turn on the sleep mode to create a comfortable rest space; The camping mode supports the function of taking electricity from outside, which effectively solves the problem of "difficulty in using electricity" during camping. In addition to the above scenarios, the 2023 KiWi EV has added a custom scenario, which opens the full link of App, cloud and car. Users can freely set the opening conditions and combine custom voice, music, navigation, radio, air conditioning, etc., bringing a more fashionable and enjoyable intelligent interactive experience.

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  This upgrade has also carried out the optimization of the related functions of the intelligent network connection of locomotive and locomotive, the visual upgrade of the personality theme of "daytime mode", and the interface update of modules such as settings and air conditioning. Secondly, the car machine supports virtual image dressing, and various clothing accessories and makeup can be freely matched. The 2023 KiWi EV also supports five emotions to change freely and switch different timbres in different car scenes, bringing more intelligent human-computer interaction experience and meeting the individual needs of users. (Compile/car home Guo Chen)

Buick GL8 ES Lu Zun’s new model went on sale for 356,900 yuan.

On December 17th, 2024, GL8 ES Luzun, a subsidiary of Buick, added two models, namely, the exclusive and yue version and the exclusive and yue Avia version, with the prices of 356,900 yuan and 369,900 yuan respectively. Compared with the models on sale, the new car is mainly adjusted in terms of configuration.

As a new model, the new car continues the styling design of the models on sale as a whole. The large-size air intake grille on the front face is matched with the long and narrow headlights on both sides, and the visual effect is very sharp. Compared with the exclusive models on sale, the new car has added desert gold car paint for consumers to choose from. It is worth mentioning that the exclusive and Yue Ai Wei Ya Edition will also be equipped with exclusive mountain-sea grille, 18-inch rim, crystal-transparent LED through taillights and Avenir logo to highlight the identity of its special model.

In terms of interior, the new car adopts the latest design style of Buick family, and it is equipped with EYEMAX 30-inch integrated curved 6K curved screen, which looks very scientific and technological. In terms of configuration, on the basis of the exclusive version, the new car has added the functions of automatic parking and HUD head-up display, and at the same time, the number of ultrasonic radars has also increased from 8 to 12, which will bring users a better driving experience.

In the power part, the new car will continue to be equipped with a 2.0T engine and a 48V light mixing system with a maximum power of 174kW and a peak torque of 350Nm. The transmission system is matched with a 9-speed automatic manual transmission.

Destroyer and seal combined? BYD Sea Lion 05 DM-i launched

On September 23rd, BYD officially released its new compact SUV – Sea Lion 05 DM-i, priced from 112,800 yuan, as one of the representative works of BYD Ocean Network, Sea Lion 05 DM-i adopts the fifth generation DM hybrid technology, and absorbs and elements in the appearance and interior design, forming a unique family style. The launch of this car not only enriched BYD’s product line in the entry-level SUV market, but also attracted widespread attention in the market.

?exterior design

The exterior design of the Sea Lion 05 DM-i inherits the BYD family style, the front face adopts the shape of "waves ripple", the wide bezel-less net is combined with the headlights, and the side of the body presents a streamlined design. The suspended roof is matched with metal decorative strips. In addition, the rear part adopts a through tail light design, which increases the overall design sense of hierarchy.

The dimensions of the vehicle are 4710mm (length) x 1880mm (width) x 1720mm (height), with a wheelbase of 2712mm.

?Interior design

In terms of interior, the Sea Lion 05 DM-i also continues the design concept of "marine aesthetics", equipped with a 15.6-inch adaptive rotating floating center control screen and an 8.8-inch LCD instrument panel. The ambient lights in the car offer 31 color options, creating a youthful and energetic atmosphere.

In terms of comfort configuration, the Sea Lion 05 DM-i provides multi-speed independently adjustable seat heating and ventilation functions, and the rear seats are also equipped with independent headrests. In addition, the storage space in the trunk is well-designed to accommodate various items in the family’s daily car.

In addition to the basic configuration, the Sea Lion 05 DM-i comes standard with external rearview mirror heating, electric adjustment, and other practical functions. The high-end model is also equipped with an L2-level intelligent driver assistance system, which provides adaptive cruise, collision warning and other functions.

?Power System

The Haishi 05 DM-i is equipped with BYD’s fifth-generation DM hybrid technology. The power system consists of a 1.5L naturally aspirated engine and an electric motor, with a maximum power of 120kW. In terms of fuel consumption, this car also performs very well. Under NEDC conditions, the fuel consumption is as low as 3.79L/100km, and the comprehensive cruising range can reach 1400km.

In addition, the Sea Lion 05 DM-i also offers a variety of drive modes, including EV pure electric, HEV series, HEV parallel and engine direct drive, allowing users to choose according to their driving needs.

?Intelligent Technology

In terms of intelligent technology, the Sea Lion 05 DM-i is equipped with the DiLink intelligent network system, providing a wealth of in-vehicle applications and services. The DiPilot intelligent driving assistance system equipped in the car integrates multiple functions such as intelligent navigation, forward collision warning, and blind spot monitoring.

In addition, the vehicle also supports a variety of unlocking methods, including the mobile phone NFC car key, and the external discharge function (VTOL mobile power station) allows users to power the device during outdoor activities.

summarize

The launch of the Sea Lion 05 DM-i comes at a time of intense competition in the entry-level SUV market. As a sister model of BYD, it shares the platform and technology with the second-generation Song Pro DM-i, and its positioning is very close. The Sea Lion 05 DM-i is directly competitive with competitors such as Changan UNI-Z PHEV and Dongfeng Fengshen L7 PHEV in terms of price.

The "two-car strategy" implemented by BYD in recent years has further deepened in this market segment. By launching a sister model on the same platform as the second-generation Song Pro DM-i, the Sea Lion 05 DM-i has formed effective competitive pressure in the market, which not only stimulates internal competition, but also enhances the brand’s recognition in the hearts of consumers.

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[Baoji] Geely’s another blockbuster model "Galaxy L7" is offline in Baoji

On April 24, the launch ceremony of Baoji Geely Automobile’s "Galaxy L7" new model was held in the new welding workshop of Baoji Geely Automobile Production Base, marking a new level of deepening cooperation between Baoji City and Geely Group, and injecting new impetus into Baoji City’s continued expansion and strengthening of the automobile and parts industry chain.

As the first product of Geely’s mid-to-high-end new energy series Galaxy, Geely’s "Galaxy L7" is a mainstream A-class intelligent electric hybrid Sport Utility Vehicle based on intelligent super-electric architecture. The model brings together a new generation of Raytheon electric hybrid technology, a new operating system Galaxy NOS (Geely’s full-stack self-developed distributed operating system) and a series of Geely’s self-developed blockbuster technologies such as the Aegis battery safety system. As Geely’s comprehensive new bullseye product, the launch of Geely’s "Galaxy L7" also marks Geely’s new energy officially moving towards a new stage of "value creation", which will help Geely open up a new situation in the mainstream new energy market.

"Baoji has a good industrial foundation, complete production factors, high-quality technicians, and unique advantages in developing the automotive industry, which has laid an important foundation for building the quality of Geely’s Galaxy L7." Mao Yong, senior vice president of Geely Holding Group, said at the launch ceremony of the new car. "During the 10 years of cooperation with Baoji City, the leadership team of Baoji City Party Committee and Municipal Government interacted frequently with Geely’s senior management, actively negotiated and solved the difficulties and problems encountered in the cooperation project, which strongly promoted the development of the cooperation project. Today’s launch of Geely’s Galaxy L7 is an important cooperation result between the two sides."

It is understood that Geely Baoji Base is the core manufacturing base of intelligent super-electric architecture products with the world’s leading level. It is a 4.0 super smart factory integrating advanced technology, quality leadership and intelligent manufacturing. It is also an important carrier for Geely to build an automotive industry cluster with core competitiveness and international influence in Shaanxi. Since mass production in 2016, the base has delivered a total of 840,000 vehicles to users.

Ding Shengren, member of the Standing Committee of Baoji Municipal Committee and deputy mayor, said that Geely Group has made Baoji the only production base for Geely’s "Galaxy L7" products, which fully reflects Geely Group’s emphasis on Baoji base and confidence in Baoji’s automobile industry. The Baoji Municipal Committee and Municipal Government will focus on the overall idea of the development of the "12445" automobile industry, focus on transformation and upgrading, insist on strengthening supporting and expanding the two-wheel drive of the whole vehicle, attract the whole vehicle with the whole vehicle, and promote the comprehensive transformation from the whole vehicle to the supporting to the new energy, and strive to build an important automobile and parts industry base in the country.(Reporter: Li Wanrong)