1. The central bank reported that the economy is expected to continue to improve.
The Central Bank issued the Report on the Implementation of Monetary Policy in China in the Second Quarter of 2023, which covered monetary policy, RMB exchange rate, real estate and other heavy contents. The report pointed out that the macro economy is expected to continue to improve, and the future will be more matched with financial data. A prudent monetary policy should be precise and powerful, give full play to the dual functions of monetary policy tools in aggregate and structure, and firmly support the recovery and development of the real economy. The report makes it clear that it is necessary to keep the total amount of money and credit moderate and promote the steady decline of financing costs in the real economy. The report predicts that China’s CPI is expected to gradually pick up in August, showing a U-shaped trend throughout the year; PPI has bottomed out in July year-on-year, and the decline will tend to converge in the future. We should give full play to the positive role of finance in promoting consumption, stabilizing investment and expanding domestic demand, and keep the price level basically stable. (xinhuanet)
2. The Ministry of Commerce welcomes the US Secretary of Commerce to visit China.
The Ministry of Commerce held a regular press conference to respond to recent hot economic and trade issues. The Ministry of Commerce said that China welcomes US Secretary of Commerce Raymond to visit China. At present, the two sides are maintaining close communication on the relevant arrangements for the visit. At the same time, the Ministry of Commerce is conducting a comprehensive evaluation of the impact of the US administrative order on investment restrictions in China, and will take necessary countermeasures according to the evaluation results. In addition, the Ministry of Commerce has successively received applications from some enterprises for permission to export gallium and germanium-related items, and is currently reviewing them according to laws and regulations. (People’s Network)
3. China continues to welcome foreign-funded enterprises to take root
Chen Chunjiang, Assistant Minister of Commerce, met with Wei Jiekai, Senior Vice President of ExxonMobil, and his party. Chen Chunjiang said that China will unswervingly promote high-level opening up, and Chinese-style modernization will bring great development opportunities to foreign-funded enterprises. Foreign-funded enterprises such as ExxonMobil are welcome to continue to take root in China and achieve better development. (People’s Network)
4. The central bank requires maintaining financial support for small and micro enterprises.
The central bank requires that the supporting tools for small and micro loans should be implemented, financial support for small and micro enterprises should be maintained, and enterprises should be supported to ensure employment. We will continue to implement special refinancing loans for inclusive old-age care and support the increase of inclusive old-age care services. For areas where structural contradictions are still outstanding, the implementation period can be extended and new tools can be created when necessary. (xinhuanet)
5. A number of major traffic projects are progressing smoothly.
According to the front-page article of the China Securities Journal, data show that in July, 28 major railway, highway, urban rail transit and airport projects with an investment of more than 500 million yuan were approved, with an investment of nearly 236 billion yuan in total investment of the project. According to industry insiders, a number of major transportation projects are progressing smoothly, and the modern and high-quality national comprehensive three-dimensional transportation network has been accelerated and improved, which has provided strong support for economic and social development. (CSI)
6. The National Development and Reform Commission issued a document to guide the recycling of wind power photovoltaic.
The National Development and Reform Commission and other six departments jointly issued the Guiding Opinions on Promoting the Recycling of Retired Wind Power and Photovoltaic Equipment, encouraging qualified localities and enterprises to take the lead in cultivating advanced technologies and business models; Considering the industrial development stage and other factors, the recycling target of retired wind power and photovoltaic equipment is put forward in two stages: 2025 and 2030. (xinhuanet)
7. Last year, the revenue of China’s robot industry was 170 billion.
In 2022, the operating income of China’s robot industry exceeded 170 billion yuan and continued to maintain double-digit growth; The installed capacity of industrial robots accounts for more than 50% of the world’s total, making it the largest market in the world. In the next step, relevant departments will further promote the "Robot+"application action, strengthen the application of sub-sectors and accelerate the popularization of mature scenes. (wonder)
8. 1 yuan fuel surcharge will be charged for fuel taxis in Hangzhou.
On the evening of August 16th, Hangzhou Traffic Officer Wei announced that due to the rising oil price, since August 18th, cruise taxis (except electric vehicles) have to pay 1 yuan fuel surcharge. According to the news, recently, due to the adjustment of domestic refined oil prices, the highest retail price of No.92 gasoline in Zhejiang Province has been adjusted from 24: 00 on July 12 to 7.63 yuan per liter, which has exceeded the starting point of oil transportation price linkage adjustment and lasted for more than 30 days (inclusive). (Hangzhou Daily)
9. The new EU battery law came into effect.
On August 18th, the new EU battery law will come into effect. The EU battery regulation has replaced the current EU battery directive (2006/66/EC). It has three main priorities: strengthening the internal market by formulating standardized rules for battery products, processes, waste batteries and recyclables; Promoting circular economy; Reduce the impact of batteries on the environment and society in the whole life cycle, focusing on the supply chain. After the new regulations come into effect, operators who put batteries on the market need to comply with due diligence requirements. (First Electric)
10. new york requires that the network car be fully electrified before 2030.
Eric Adams, Mayor of new york, and David Du, Chairman of the Municipal Taxi and Limousine Committee (TLC), today announced the new "green travel" rules, requiring new york’s online car-hailing team to complete the transformation of electrification and barrier-free by 2030. The "Green Travel" plan will be implemented in stages: starting from 2024, new york will require 5% of high-frequency network car trips, including platforms such as Uber and Lyft, to use electric vehicles or barrier-free vehicles. It will increase to 15% in 2025 and 25% in 2026. After that, it will increase by 20% every year until it reaches 100% by the end of this decade. (First Electric)
11. The 2023 Automotive Technology and Equipment Development Expo is about to open.
The 2023 Automotive Technology and Equipment Development Expo will be held in Suzhou Shishan Convention Center from August 21st to 24th. The Expo is mainly divided into six related directions and fields: intelligent manufacturing of automobile industry, new energy vehicles, industrial mother machine, automobile chip and safety technology, automobile intelligent testing equipment and testing and certification, and will jointly help the automobile and equipment industry to continuously upgrade with the "2023 International Forum on Automobile Technology and Equipment" held in the same period. (First Electric)
12. Zhiji has released a road map for smart driving in the next 3 to 5 years.
On August 16th, Zhiji Automobile announced the "Landing Roadmap of Zhiji Automobile’s Intelligent Driving Products in the Next 3-5 Years", and announced that it will officially open the "IM AD City NOA" beta in October this year, and step into the "urban NOA era" synchronously with the global head players. Judging from the road map published by Zhiji Automobile, in the next 3-5 years, the intelligent driving products will accelerate: 1. Go to the high-precision map NOA, and the public beta will be opened in September; 2. The NOA of the city is in the internal test, and the public beta is in October; 3. Commuting mode will quickly cover 100+ cities nationwide in 2024; In 2025, IM AD will enter the era of Door to Door. The third model, Zhiji LS6, which was unveiled at Chengdu Auto Show, has NOA capability to go to high-precision maps, and it is equipped with the function of "one-click scene driving" upon delivery. According to the official introduction, IM AD is preparing for the technology to go to sea, and has completed the European localization adaptability training, and the planning algorithm has adapted to the local environment and driving habits. (First Electric)
13. Yu Chengdong said that in September, it released a brand-new AITO world M7.
On August 17th, Yu Chengdong, managing director of Huawei, CEO of BG and CEO of BU, a smart car solution, revealed in Weibo that the brand-new top five M7 will meet with you in September. Yu Chengdong said that whether driving or sitting, the new car has made a qualitative improvement and leap, and its excellent vision and performance are suitable for the whole family to travel long distances. First Electric searched the information of new cars and found that the new model M7 still adopted the extended-range hybrid system. In terms of intelligent driving, the new model M7 added laser radar and HUAWEI ADS 2.0 advanced intelligent driving system. HUAWEI ADS 2.0 can complete intelligent driving in high-order cities without relying on high-precision maps. The system is expected to realize "map-free commercial assisted driving" in a large number of cities across the country in the second half of this year. (First Electric)
14. Qiruixing Road released a new car equipped with iFLYTEK Spark model.
On the evening of August 17th, Qiruixingtu brand announced some information about its first pure electric car, Xingtu Xingyu Era ES, and introduced the brand-new experience brought by the iFLYTEK Spark model which was first built by this model. With the help of iFLYTEK Spark Model, Starway ES has brought five brand-new experiences: vehicle function instructor, warm and cold empathy partner, knowledge encyclopedia, travel planning expert and health consultant. AI makes the car system evolve into a car housekeeper with communication ability and knowledge feedback ability. In addition, the new Star Age ES car will become the first pure electric car with 800V platform in China, with an official power consumption of only 11.7kWh per 100 kilometers and a maximum battery life of 720km. The starting price will be around 200,000 yuan, and two versions of plug-in and pure electricity will be provided. (First Electric)
15. Weilai ET5 Travel Edition was officially renamed ET5T.
Weilai ET5 Travel Edition was officially renamed as "ET5T". In the future, consumers can buy ET5T with different styles of tail characters. ET5T has been on the market for one and a half months, and its sales volume has exceeded 4,500 units. Weilai Automobile said that replacing the "Travel Edition" with ET5T, Weilai hopes that this car will face a larger mainstream family car market, not just the market segment of station wagon. (First Electric)
16. Look forward to U8 or it will be officially listed at Chengdu Auto Show.
It is said that U8 will be officially listed at Chengdu Auto Show, and the new car has been pre-sold during this year’s Shanghai Auto Show, with a pre-sale price of 1.098 million yuan. As BYD’s high-end new energy hard-core off-road SUV, looking up to U8 is a technology-intensive new car. The whole vehicle is equipped with 38 high-precision sensors, among which 3 laser radars, 5 millimeter-wave radars, 12 cameras and 12 ultrasonic sensors are strongly related to intelligent assisted driving, which can realize high-order intelligent assisted driving and the rear seats of the vehicle can be leveled. The new car is also equipped with the "Easy Sifang" power system that supports in-situ U-turn. Four wheels and four motors are independently driven and equipped with a plug-in hybrid system. CLTC has a pure electric cruising range of 180 kilometers and an acceleration time of 3.9 seconds for 100 kilometers. It has been the focus of cross-country circles since its release. Legend. (First Electric)
17. The third power exchange station in Weilai Europe was launched in Sweden.
Weilai Europe’s first third-generation power station and 500kW ultra-fast charging station were officially launched in Sweden. The third generation power station adopts a brand-new three-station cooperative power exchange mode, and the power exchange time is shortened by 20%. (First Electric)
18. Dongfeng Motor Headquarters directly operates autonomous passenger cars.
On August 16th, Dongfeng Motor Group Co., Ltd. announced a major management system adjustment for the new energy industry of self-owned passenger cars, and the three product series brands of dongfeng fengshen, Dongfeng eπ and Dongfeng Nano under the "Dongfeng" brand will be managed by the Group as a whole.
At this point, Dongfeng has officially formed a brand new brand pattern of luxury electric off-road brand warrior, high-end new energy brand Lantu and "Dongfeng" brand "three pillars" facing the mainstream market in the passenger car field. (First Electric)
19. Dongfeng eπ released its first model spy photos.
Dongfeng eπ, a brand new brand of Dongfeng Company, released its first model-S73 official spy photos. The car is built based on Dongfeng quantum architecture, or positioned in a pure electric sports medium-sized car. It is planned to be unveiled in the third quarter of 2023 and open for pre-sale at the end of the year. As the first model of Dongfeng eπ brand, S73 has the advanced technology blessing of Dongfeng Group, such as Dongfeng Mach E power system, Dongfeng quantum architecture platform and Dongfeng SOA electronic and electrical architecture. (First Electric)
20. Good Cat GT Honorable Model will be launched on August 20th.
It was learned from the official of Euler that on August 20th, the 400,000th vehicle rolled off the assembly line, and the 2023 Good Cat/Good Cat GT Honorable Model will also be officially launched. The 2023 Good Cat is currently selling 5 models, and the price range is 129.8-165.8 million yuan; The 2023 Good Cat GT Mulan Edition is selling two models, with the price range of 143.8-153.8 million yuan. Good Cat GT is equipped with a motor with a maximum power of 126 kW and a maximum torque of 250 Nm. It is equipped with a lithium iron phosphate battery with a cruising range of 401km. The time required for fast charging is 30 minutes. As a smart electric car that loves women more, a good cat has always been very eye-catching. (First Electric)
21. Volvo sells electric trucks in Malaysia
Swift Haulage Berhad, a Malaysian logistics company, purchased two Volvo FM electric trucks produced by Volvo Trucks. Malaysia has formulated a national plan to achieve zero net emission of greenhouse gases by 2050, and electrification of road transport is one of the important measures to achieve this goal. In 2019, Volvo Trucks became the first manufacturer in the world to start mass production of heavy-duty electric trucks. The goal of Volvo trucks is that by 2030, electric trucks will account for 50% of the new Volvo trucks sold worldwide. So far, the company has sold about 5,000 electric trucks in about 40 countries around the world. (Geshi Automobile)
22. Many States in the United States have incorporated Tesla charging interfaces into official standards.
Texas, USA, approved a plan on August 16th, forcing electric vehicle charging companies to use Tesla’s charging standards in their charging stations, so as to be eligible for the support of federal funds. Both Ford and GM announced more than two months ago that they planned to adopt Tesla’s North American Charging Standard (NACS) in their electric vehicles, which caused a shock in the industry and prompted many automakers and charging companies to follow suit. Washington State has also proposed a similar plan, and Kentucky has forced enterprises to use Tesla standards. Florida has also recently revised its plan. ((Geshi Automobile)
23. GM invests in AI battery material startups.
On August 16th, General Motors announced that it was leading the $60 million Series B financing project of Mitrachem, a startup company of AI battery materials. Mitra Chem, headquartered in Silicon Valley, California, USA, is working to develop new batteries based on Ferrous lithium phosphate (LFP) chemical composition. LFP battery does not contain expensive minerals such as cobalt and nickel, and its cost is lower than that of standard lithium-ion battery. Automobile manufacturers such as Tesla, Rivian and Ford Motor Company all use LFP battery in lower-priced models. At present, most LFP batteries on the market are produced by China Company. （CNBC)
24. Hyundai Motor acquires GM’s Indian factory.
Hyundai Motor India subsidiary will acquire GM’s Talegaon plant in Maharashtra, western India. This transaction will enable GM to withdraw from India and increase the production of Hyundai Motor in India. On August 16, Hyundai Motor said that it intends to upgrade the existing infrastructure of the Talegaon plant and start production in 2025. The plant currently has an annual production capacity of 130,000 vehicles. (Reuters)
25. Zero-One Automobile won the Pre-A round investment of 100 million yuan.
Zero One Automobile, a new energy intelligent heavy truck enterprise, announced the completion of 140 million yuan Pre-A round of financing. This round of financing was jointly led by Tianshan Capital and Lenovo Venture Capital, and Xinyi Capital followed suit. So far, this one-year-old company has completed three rounds of financing. The company said that the funds will be mainly used for the continuous investment and construction of the first batch of vehicle mass production, core subsystem research and development, autonomous driving algorithm research and talent recruitment. (First Electric)
Pang Guanchen said: AI big model is integrated into smart car, and the interaction between people and cars is becoming more and more intelligent. Will you place an order for this?
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