() The operating comments of the Board of Directors in 2023 are as follows:

　　I. Industry situation of the company during the reporting period

　　(1) Industry situation

　　In 2023, the global economic growth slowed down, and the world economic recovery remained uncertain. At the same time, 2023 is also the first year to fully implement the spirit of the 20th National Congress of the Communist Party of China. China’s economic recovery is improving, and high-quality development has been solidly promoted. Although there are still unfavorable factors such as insufficient effective demand and weak social expectations, the favorable conditions for China’s development are stronger than the unfavorable factors, and the basic trend of economic recovery is good and long-term. With the gradual recovery of the economy and the further release of consumer demand, the high-quality development of the automobile industry has achieved new results, and the scale of production and sales has continued to expand throughout the year, achieving double-digit growth year-on-year, which has effectively boosted domestic economic growth. The details of the industry during the reporting period are as follows:

　　In 2023, the cumulative production and sales of China automobile industry exceeded 30 million, and the sales volume reached 30.094 million, up 12.0% year-on-year. In the whole year, the market sales volume showed a trend of low before and high after, fluctuating upward, and the competition pattern of the automobile industry continued to intensify.

　　In terms of market segments, the cumulative sales volume of passenger cars reached 26.063 million, up 10.6% year-on-year; The cumulative sales volume of commercial vehicles reached 4.031 million units, up 22.1% year-on-year, much better than the industry as a whole, and the recovery momentum was obvious.

　　The new energy vehicle market performed brilliantly and continued to maintain a strong growth momentum. In 2023, the sales volume of new energy vehicles reached 9.495 million, a year-on-year increase of 37.9%. From the perspective of market segments, with the continuous efforts of the supply side and the marginal impact of the growth of EV models during the year, the sales volume of XEV in narrow passenger cars increased by 4.3 percentage points year-on-year, and the growth rate was significantly higher than that of EV models. The main share of new energy narrow sense passenger car market is still dominated by China brand, and China brand supports 80% of it. Judging from the sales ranking of new energy narrow sense passenger car group, compared with 2022, the market structure has changed. In the EV sector, the share of industry-leading enterprises has increased year-on-year, and the concentration has further increased; In the XEV plate, with the continuous influx of new entrants, the share of head enterprises has become loose, and the share has been gradually eroded by later enterprises, and the existing market structure may be further reconstructed.

　　Automobile exports have reached a new level. The annual automobile exports exceeded 4.9 million, which contributed significantly to the overall growth of the market. Among them, the export of new energy vehicles exceeded 1.2 million, a year-on-year increase of over 70%. Most of the top ten enterprise groups in export sales have achieved double-digit and above year-on-year growth; At the same time, the sales concentration of the top ten enterprise groups in the industry decreased by 3.9 percentage points year-on-year. As more and more enterprises accelerate to go out to sea, the export market structure may further change.

　　(B) Enterprise market performance

　　In 2023, in the face of the complicated and severe external environment and increasingly fierce market competition, Changan Automobile thoroughly studied and implemented the spirit of the 20th Party Congress, comprehensively implemented the Supreme Leader’s Socialism with Chinese characteristics Thought in the new era, and firmly promoted the "Third Entrepreneurship-Innovation Entrepreneurship Plan" and the "Three Major Plans" (namely, the new energy Shangri-La Plan, the intelligent Beidou Tian Shu Plan, and the global "All Rivers Meet" Plan). In 2023, the sales volume reached 2.553 million vehicles, an increase of 8.8% year-on-year. The company’s new energy and export sales performance was excellent, among which its own brand new energy sold 474,000 vehicles, an increase of 74.8% year-on-year. It exported 358,000 vehicles, up 43.9% year-on-year.

　　(3) Industrial policies

　　On July 20, 2023, the National Development and Reform Commission and other 13 departments issued "Several Measures on Promoting Automobile Consumption", including optimizing automobile purchase restriction management policies, supporting the renewal and consumption of old cars, accelerating the cultivation of the used car market, strengthening the construction of supporting facilities for new energy vehicles, focusing on improving the carrying capacity of rural power grids, reducing the purchase and use costs of new energy vehicles, promoting the purchase of new energy vehicles in the public sector, strengthening automobile consumption financial services, encouraging automobile enterprises to develop economical and practical models, and continuously alleviating the problem of parking difficulties.

　　(four) the main regulatory requirements

　　1. Market access

　　Intelligent networked automobile is the strategic direction of the development of automobile industry, and the state attaches great importance to the technological innovation and popularization and application of intelligent networked automobile. On November 17, 2023, the Ministry of Industry and Information Technology, the Ministry of Public Security, the Ministry of Housing and Urban-Rural Development and the Ministry of Transport jointly issued the Notice on Launching the Pilot Work of Intelligent Networked Vehicles Access and Road Access, and Changan Automobile is conducting a pilot declaration, and the declaration plan has been submitted to the national administrative department.

　　2. Standard requirements

　　All models of the company are developed and manufactured in strict accordance with the requirements of national laws and regulations, and the products of the company meet the requirements of laws and regulations. For the new standards that have been implemented, Changan Automobile has completed the product upgrade and switching according to the time requirements, including the standards in 2023:

　　(1)GB 17675-2021 "Basic Requirements for Automobile Steering System" was issued in February 2021, and it will be implemented on January 1, 2022 for the newly applied vehicle type approval, and on January 1, 2023 for the vehicle type approval. The standard stipulates the terminology definition, technical requirements and test methods of automobile steering system, and adds the requirements that the electrical control of steering system should meet electromagnetic compatibility, functional safety, failure alarm and so on.

　　(2)GB 39732-2020 "Automobile Event Data Recording System" was released in December 2020. For the newly applied vehicle type approval, it should meet the requirements of this standard except the B-level elements and Article 4.4 from January 1, 2022, and all the requirements should be met from January 1, 2024. This standard mainly stipulates the terms and definitions, technical requirements, test methods, appearance and identification of the automobile event data recording system.

　　(3)GB 19578-2021 "Fuel Consumption Limits for Passenger Cars" was issued in February 2021, and it will be implemented for vehicles with type approval from January 1, 2023. The standard mainly stipulates the fuel consumption limit requirements based on the kerb quality of passenger cars under WLTC cycle conditions.

　　(4)GB 9656-2021 "Technical Specification for Motor Vehicle Glass Safety" was issued in April 2021. Since January 1, 2023, the glass of the newly applied type approval vehicle should meet the requirements of vision safety, strength safety and damage safety.

　　(5)GB 16897-2022 "Structure, Performance Requirements and Test Methods of Brake Hose" was issued in August 2022, and it will be implemented on January 1, 2023 for the newly applied vehicle type approval, and on July 1, 2023 for the vehicle type approved. The standard mainly adds requirements such as rapid tensile strength of hydraulic brake hose and bending fatigue of pneumatic brake hose.

　　(6)GB 15084-2022 "Performance and Installation Requirements of Indirect Vision Devices for Motor Vehicles" was issued in December 2022, and the standard mainly added relevant requirements such as the use of electronic rearview mirrors and borderless endoscopes. The standard was implemented on July 1, 2023 for newly applied vehicle types.

　　(7)GB18352.6-2016 "Limits and Measurement Methods of Pollutant Emission from Light Vehicles (China Phase VI)" was issued in December 2016, which stipulated the requirements of type inspection, production conformity and in-use conformity inspection of pollutant emission from light vehicles in Phase VI and the determination method. From July 1st, 2023, all light-duty vehicles sold and registered shall meet the requirements of this standard, in which Type I test shall meet the requirements of the limit value of stage 6b and Type II test (RDE) shall meet the requirements of the limit value. On May 8, 2023, the Ministry of Ecology and Environment, the Ministry of Industry and Information Technology, the Ministry of Commerce, the General Administration of Customs and the General Administration of Market Supervision jointly issued the "Announcement on Relevant Matters Concerning the Implementation of the National Six Emission Standards for Automobiles", allowing some light-duty automobile models with the results of the actual driving pollutant emission test (RDE test) to be sold until December 31, 2023.

　　(8)GB 4785-2019 "Regulations on Installation of External Lighting and Light Signaling Devices for Automobiles and Trailers" was issued in December 2019. Since July 1, 2023, the low beam lights should be automatically turned on or off according to the standard requirements and the environmental conditions for the newly applied vehicle type approval.

　　

　　II. Main businesses of the Company during the reporting period

　　The company belongs to the automobile manufacturing industry, and its main business covers the R&D, manufacturing and sales of complete vehicles and the R&D and production of engines. At the same time, the company actively develops new businesses such as mobile travel, car life service, new marketing and power exchange service, and accelerates the exploration of industrial finance, used cars and other fields to build a more comprehensive industrial ecology.

　　Our company has always adhered to the mission of "leading automobile civilization to benefit human life", firmly promoted Changan Automobile’s "Third Entrepreneurship-Innovation and Entrepreneurship Plan", accelerated the transformation to an intelligent low-carbon travel technology company, and moved forward to a world-class automobile brand. The company actively develops intelligent networked new energy vehicles, and builds five independent automobile brands, namely Aouita, Deep Blue Automobile, Changan Qiyuan, Changan Gravitation and Changan Kaicheng, to promote the electrification transformation of independent brands; At the same time, the joint venture companies Changan Ford and Changan Mazda produce and sell joint venture brand models. In the field of traditional fuel vehicles, the company has launched a series of classic self-owned brand models including CS series, Yidong series and UNI series. The joint venture has many well-known products, such as Sharp L, Explorer, a new generation of Mondeo, a new generation of navigator, adventurer, Zephyr, CX-50, CX-5, Angkeira and so on. In the field of new energy, Aouita 11, Aouita 12, Deep Blue SL03, Deep Blue S7, Qiyuan A07, Lumin and other new energy vehicles have been built, which are well received by the market and loved by consumers.

　　The company adopts the business model of "paying equal attention to independence and joint venture", and carries out entity operations on its independent automobile brand businesses such as Changan Gravitation, Changan Qiyuan, Deep Blue Automobile and Changan Kaicheng, and firmly builds independent classic brands; Conduct investment control on joint ventures such as Changan Ford and Changan Mazda, and continuously deepen mutual trust and cooperation with partners.

　　(I) Main operating conditions of the company in 2023

　　1. Firmly guide the strategy and make solid progress in strategic transformation.

　　In 2023, Changan Automobile joined hands with its partners to pay close attention to the strategic landing. The new energy "Shangri-La" plan has leapt to a new level, and the innovative construction has formed the layout of three smart electric brands, namely Aouita, Deep Blue Automobile and Changan Qiyuan, laying a brand foundation for future global competition; Actively optimize the industrial layout, explore the in-depth cooperation of the whole battery industry chain, and formally put into production with the joint venture company-Time Changan Power Battery Co., Ltd. jointly established by (), with a designed production capacity of 30GWh and an automation rate of over 95%. The intelligent "Beidou Tian Shu" plan made a new breakthrough, continued to build a "new car and new ecology", and held the third scientific and technological ecology conference. The first digital smart new car CD701 equipped with SDA platform architecture was officially unveiled, and the central+regional ring network architecture entered the vehicle integration verification stage, opening a new era of digital smart cars; Signed the Memorandum of Investment Cooperation with Huawei, which will accelerate the construction of a complete, independent and leading full-stack intelligent vehicle capability for the intelligent era. New progress has been made in the globalization "All rivers run into the sea" plan, and the globalization "All rivers run into the sea" plan has been officially released; Established five major business divisions in the world, and DEEPAL S07 and DEEPAL L07 were officially launched in Thailand, opening a new journey into the Southeast Asian market; Construction of production base in Thailand started, and global production layout entered a new stage.

　　2. Adhere to innovation drive, and key core achievements are constantly emerging.

　　In 2023, Changan Automobile launched a total of 29 products, including 7 brand-new products, and the product pedigree was continuously improved. Aouita 12 was launched in the world at Munich Auto Show, and it broke through 20,000 vehicles in the first month of listing. The average order price exceeded 350,000 yuan, and it has gradually stabilized the high-end market; Deep Blue S7 was launched with the latest generation of CTP battery integration technology. In the 2023 Qinghai Lake (International) Electric Vehicle Challenge, it won the best endurance in six groups, with an average monthly sales of over 5,000 units. Changan Qiyuan A07 and Q05 have been released one after another, and the product categories are more abundant; Changan Hunter, the world’s first super extended-range pickup truck, was officially launched, causing widespread concern. The core technology of new energy has been continuously mastered, and the company has released a brand-new self-developed battery brand Changan "Golden Bell Hood". Changan battery uses high-standard new heat insulation materials, and its heat insulation performance is better than the industry level; Time Changan’s first standard battery product officially went offline, and its manufacturing technology and battery performance are at the advanced level in the industry. With 4C fast charging technology, it takes only 10 minutes to charge the battery from 20% to 80%. The company introduced industry-leading technologies such as micronucleus high-frequency pulse heating, new generation battery integration and new efficient thermal management. The achievements of intelligent technology continue to be realized. NID3.0+APA7.0 worry-free pilot technology (namely, pilot intelligent driving assistance and remote parking service) is equipped with deep blue double-car mass production, which helps Deep Blue SL03 win the gold medal in the 2023 World Intelligent Driving Challenge; Successfully approved L3 autopilot test licenses for 17 expressways, becoming the earliest enterprise with the largest number of test licenses in a single batch;The State Key Laboratory of Intelligent Vehicle Safety Technology was approved for operation, which promoted the research of high-value technologies such as intelligent driving safety and high-safety on-board chips.

　　3. adhere to the user-centered and product-oriented principle, and quickly carry out market response actions.

　　Actively invest marketing resources to cope with industry competition, and launch the "Changan Billion Huimin Car Purchase Season" to ensure the overall stability of Changan automobile industry. Innovate and revitalize the stock market in the traditional power market to achieve a strong market segment. Changan Automobile ranks first in China brand passenger cars (retail), and CS75PLUS series sells more than 190,000 vehicles, ranking at the forefront of the market segment; Yidong PLUS sales exceeded 160,000 units, ranking first in retail market segment; UNI-V sales exceeded 156,000 vehicles, and the average monthly sales volume remained above 12,000 vehicles. Rapid efforts have been made in the new energy market, and the annual sales volume of deep blue double cars exceeded 128,000, among which deep blue SL03 won the "2023 Product Design Award" from German Red Dot; Changan Qiyuan listed three new cars within two months, which set an industry record. After three months’ listing, the cumulative sales volume reached 40,000 vehicles, which quickly occupied the digital Zhixin automobile track. The annual sales volume of Changan Lumin, a national boutique scooter, exceeded 144,000, ranking in the forefront of the market segment. The global spread of brand has gradually exerted its strength, and joined hands with Xinhua News Agency to launch the "Belt and Road Global Tour" to show the world the new business card of "China Zhizao" and enhance the brand’s international influence. Promote the reform of marketing system, further promote the development model of thousands of channels, implement the reform of "three centers" marketing model, build more than 4,000 new order, delivery and service centers throughout the year, form more than 9,000 global sales and service outlets, have nearly 120,000 professional service personnel, and win the first place in the independent brand of China Sales and Service Satisfaction (SSI) of J.D.Power2023.

　　4. Adhere to win-win cooperation and innovate hand in hand with partners.

　　Continue to deepen joint venture and cooperation, set up Changan Ford New Energy Automobile Technology Co., Ltd., and the first strategic product CX810 was promoted in an orderly manner; Cooperate with Mazda in J90A, J90K and other vehicle projects, and the scope of cooperation continues to extend. Established Chongqing Long-term Intelligent Technology Co., Ltd. with Horizon, signed strategic cooperation agreements with 15 partners such as Huawei, Tencent, SMIC and (), and carried out strategic cooperation with more than 30 head enterprises such as Contemporary Amperex Technology Co., Limited, () and Baidu, focusing on high-value technology research, and making every effort to build core competitiveness in the field of new energy and intelligence.

　　(2) Heavy products listed in 2023

　　Aouita 12, jointly built by Changan Automobile, Huawei and Contemporary Amperex Technology Co., Limited, is positioned as a "future smart luxury car", which is the second model built by CHN’s new generation of smart electric vehicle technology platform. Adopt "future aesthetics" design, unique in shape and extremely elegant. It comes standard with three laser radars, equipped with HUAWEIADS2.0 advanced intelligent driver assistance system and HarmonyOS cockpit based on HarmonyOS4.

　　Aouita 12

　　Deep blue S7 is the first SUV based on EPA1 all-electric digital platform. It is equipped with a super extended range system with pure electric drive, long battery life and low energy consumption, and has a 190kW ultra-high power Force super collector drive. CLTC has a pure battery life of up to 200 kilometers and a comprehensive mileage of up to 1,120 kilometers. It has scientific and technological sports modeling, full-roof floodlight combination and yacht-style embracing design, and relies on Qualcomm 8155 chip to build a smart ecosystem including programmable intelligent interactive lights, smart cockpit, front double-zero gravity seats, AR-HUD, 15.6-inch sunflower screen and co-pilot extrasensory smart screen.

　　Deep blue S7

　　Deep blue SL03i

　　Deep Blue SL03i, the first mass-produced high-class smart car of Deep Blue Automobile. It has dynamic vehicle design, leading intelligent technology and strong rear drive control. Equipped with NID pilot intelligent driving assistance and APA remote parking service, it is powerful in sensing detection, data calculation and parking space identification, with 35 sensing components, high-precision sub-meter positioning system and full-scene driving assistance. At the same time, a full-sensory digital cockpit is built, with high-efficiency voice interaction, AR-HUD, 14.6-inch sunflower screen and other technological configurations to meet the needs of young people in various car scenes.

　　Chang ‘an Qiyuan A07 is positioned as a "medium-and-large-scale advanced digital intelligent administrative vehicle", offering pure electric and extended-range models. Adopting the aesthetics of lighting design, equipped with high-efficiency digital intelligent electric drive, the highest power is 190kW, the peak torque is 320N-m, and the electric drive efficiency is as high as 95%. The whole system comes standard with L2 IACC intelligent navigation system and iBC digital battery management system. It has 33 digital and intelligent standards, such as borderless door, electric hatchback tailgate, 4-door electronic internal opening, 8155 high-performance chip and 540 full-field image.

　　2023 Changan UNI-V

　　Changan Qiyuan A05, positioning "Digital Intelligence AI Electric Drive Super Provincial Family Car". The front face with a bionic smile and a hidden door handle are fashionable and pleasing to the eye. The whole system comes standard with 13.2-inch high-definition touch control panel, L2 IACC integrated adaptive cruise system and 540 high-definition panoramic image. Equipped with Changan Qiyuan Digital Intelligence AI electric drive, 1.5L high-efficiency blue whale hybrid engine, iEM intelligent energy management mode and IP67 high-strength protective battery, it is fully qualified for diversified family car scenes in the digital intelligence era.

　　Changan Qiyuan Q05 is the first plug-in hybrid SUV under Changan Qiyuan. The exterior is designed by tidal current inductance, and the interior is designed by "Sailing". It has a smart cockpit, as well as intelligent configurations such as 540 high-definition panoramic images, steep slope vision assistance, APA5.0 and L2 intelligent assisted driving system. It is equipped with "China Heart" top ten engine and hybrid system in 2023-Chang ‘an Qiyuan Digital Intelligence AI electric drive system, with "super long battery life and ultra-low energy consumption", with the longest pure battery life of 125km and comprehensive battery life of 1,215km.

　　The 2023 Changan UNI-V is positioned as the "future aesthetic sports coupe". Equipped with 2.0T+8AT and 1.5T+7DCT blue whale power, it brings consumers a full () experience with wider performance matching space and more delicate power output; UNI-V Zhidian iDD is equipped with a blue whale NE1.5T hybrid engine with a maximum power of 125kW and a peak torque of 260 N-m. The comprehensive maximum torque of the system can reach 590N-m, the maximum wheel end torque can reach 4,470N-m, and the zero acceleration time is only 6.5 seconds, which has a strong explosive force. Changan UNI-V injects new vitality into the A+ class car market with comprehensive and advanced wisdom technology and sports aesthetics.

　　The 2024 Changan UNI-K is a medium and large SUV that combines luxury, comfort and intelligence. Externally, it has a wide and comfortable interior with fashionable technology, a brand-new wingspan quilting with exquisite sports, and 64-color stepless adjustment of front and rear row atmosphere lights, showing a sense of high-class; In terms of power, the power combination of Blue Whale’s new generation of 2.0T+8AT provides a strong power output and a smooth shifting experience.

　　2024 Changan UNI-K

　　The third-generation CS55PLUS has achieved "100,000-class home-enjoyed boutique SUV" with good face value, good fuel economy, good intelligence and good quality, adding upward momentum to the CS55 series. The whole system is equipped with blue whale NE1.5T engine, L2 intelligent assisted driving system, steep slope vision assistance function, 540 HD panoramic image and other practical intelligent configurations, which are more practical and intimate.

　　Third generation CS55PLUS

　　The third generation CS75PLUS is positioned as "tomorrow’s car". The whole system comes standard with Aisin 8AT transmission, which provides two power options, namely, the NE1.5T engine of Blue Whale and the 2.0T engine of Blue Whale. At the same time, it has four driving modes, Normal/ECO/Sport/ custom, to create a more personalized driving experience.

　　Third generation CS75PLUS

　　Long and comfortable, positioning "compact family car". Adopting a brand-new design language, matching with the front grille with digital source code, digital cursor LED light group, hidden door handle and other shapes, it is equipped with a new generation NE1.5T high-pressure direct injection engine of Blue Whale +7-speed wet powershift, 540 HD panoramic image, IMS/DMS intelligent cockpit monitoring system, super-large intelligent interactive dual screen and other configurations, and is committed to bringing users a comfortable, considerate and high-quality car experience.

　　Chang an yi da

　　Chang ‘an Explorer-Exploratory Edition, positioning "sports off-road pickup truck". With 2.0T Blue Whale power, ZF 8AT gearbox, Bogwarner four-wheel drive system, five free driving modes, and equipped with high-performance off-road suspension, all-terrain locking system, 18-inch all-terrain off-road tires, 800mm high wading hose, 14,000 pounds electric winch and 2.5 tons towing qualification, it will realize the desired pickup life for users who are brave in exploration and full of love.

　　(3) Key models to be launched in 2024.

　　In 2024, the company will launch a variety of new and redesigned products, including 8 new energy products, to accelerate the transformation to intelligent low-carbon travel technology companies.

　　1. Strengthen the new energy pedigree and build a digital intelligent new car. In 2024, eight brand-new products such as E07, C798, Deep Blue G318 and Aouita 15 will be launched, and brand-new modified products such as Changan Qiyuan A07, Deep Blue SL03 and Deep Blue S7 will be listed one after another, further strengthening Changan’s new energy market position. E07 locates medium and large-sized digital smart new cars, equipped with brand-new SDA platform, and provides users with the third outdoor mobile space with variable body shape, leading intelligent driving and intelligent service; C798 sets a new benchmark for intelligent leapfrog of medium and large SUVs, and creates digital intelligent products with leapfrog intelligence, leapfrog space, leading comfort and leading electric drive to meet the needs of mainstream home users; Deep blue G318 locates a hard-core compact SUV, focusing on tough modeling, intelligent driving, intelligent interaction and intelligent ecology to meet the differentiated and intelligent needs of young users; Aouita 15 is positioned as a high-end multi-person intelligent electric vehicle, with forward-looking design, changeable smart space and full-scene intelligent driving as its selling points to meet the full-scene travel needs of high-end intelligent electric vehicle users.

　　2. The fuel vehicle products are solid, new and stable, and achieve one of the best market segments. In 2024, Changan fuel vehicle focused on the core market, and IP products were completely renewed to create explosive products. The company will launch five new Huan products, including C928 and Yidong Sequence. Focusing on the two labels of "Blue Whale Power" and "Intelligent Driving as Standard", the company will further strengthen its competitive lead and consolidate its market position in fuel vehicles. C928 positioning compact classic SUV adopts brand-new design, second-generation blue whale power and standard intelligent driving to provide users with "good-looking, easy-driving, energy-saving" quality and efficient travel tools.

　　2. Production capacity: In 2023, the designed production capacity was 2.14 million vehicles, and the capacity utilization rate reached 87.31%. In the past three years, the backward production capacity of 630,000 vehicles and 990,000 engines has been shut down and transferred, and the production capacity of 570,000 intelligent networked vehicles and new energy vehicles has been upgraded, and 210,000 sets of new energy battery PACK, 450,000 sets of electric drives and 300,000 sets of electronic control production capacity have been newly built, and the production structure has been gradually adjusted to new energy.

　　Reasons for the year-on-year change of more than 30%

　　The sales volume in overseas areas increased by over 30% year-on-year, mainly due to the following reasons: First, China automobile enterprises pay more and more attention to the development of overseas markets, and speed up the layout of "going out to sea" one after another; Second, in recent years, China brand represented by Changan Automobile has gradually established a competitive advantage in the fields of new energy and intelligence, and its comprehensive strength has been significantly enhanced; Third, the large-scale export of new energy vehicles has boosted the overall export.

　　Construction of parts supporting system

　　The main models of Changan Automobile are CS series, UNI series, Aouita, Deep Blue Automobile, Changan Qiyuan, etc. The matching of spare parts adopts the combination of self-made production and external procurement. The key parts, such as the seven-in-one electric drive assembly of Changan’s new generation super collector drive (the first in the industry, with 163 patents), are independently developed by the company. Through self-made, the cost can be effectively controlled, and the quality control of key parts can be strengthened. There are more than 800 partners of Changan Automobile, cooperating with international and domestic first-class parts enterprises, such as Huawei Autopilot, Intelligent Cockpit, Contemporary Amperex Technology Co., Limited New Energy Battery, Chongqing Qingshan Industry 7-speed Wet powershift, Wutong Car Association TINNOVE Intelligent System, etc., and establishing mutual trust, transparency and cooperation with partners, focusing on "best product", "lowest cost", "most flexible" and "most iron relationship".

　　Solidly improve the capability of supplier system. More than 1,322 people have studied QCA (Changan Automobile Supplier Quality Capability Evaluation System) series courses. In 2023, 72 QCA certification audits, 87 supplier laboratory accreditation and 114 on-site evaluation of manufacturing process capabilities have been completed, quality capability evaluation strategies have been established, and hierarchical management has been implemented to continuously promote the improvement of suppliers’ quality management capabilities.

　　

　　Third, the core competitiveness analysis

　　1. Technological research and development capabilities. The company has always insisted on leading high-quality development with scientific and technological innovation. By creating the dual-drive capability of scientific and technological innovation of "user demand+technological innovation", it has achieved the leading position in many technology industries and the first mass production, and further enhanced its independent innovation capability. In the field of new energy technology, the first standard battery product of Changan "Golden Bell Hood" was officially launched, and it was equipped with many cutting-edge technologies such as "fast ion ring graphite" and "ultra-high conductivity electrolyte". The "Golden Bell Hood" battery has been installed in many products of Changan Qiyuan and Deep Blue Automobile; Force Super Collector Drive and Zhidian iDD Electric Drive Transmission were awarded the honors of "Top Ten Electric Drives in the World", "Top Ten Power Systems for New Energy Vehicles" and "Top Ten Hybrid Power Systems in the World". The key technology of hydrogen fuel engine has achieved phased results again, and the second generation hydrogen engine has successfully ignited. In the field of intelligence, the first digital smart new car with SDA platform architecture as the label made its debut; Breakthrough APA7.0 remote parking service, NID3.0 pilot intelligent driving assistance, end-to-cloud integrated communication, display enhancement and other technologies, and some technologies have been mass-produced. By December 2023, the company had 9,322 patents at home and abroad, including 2,704 invention patents. In the evaluation of National Enterprise Technology Center, R&D strength ranked first in the industry in the past 14 years.

　　2. Product definition ability. The company insists on taking users as the center and innovation as the driving force to build a world-class product definition capability system. Under the background of diversified needs of users and intensified market changes, the product definition business breaks the traditional rules, and reconstructs the product definition capability system through subversion and leap-forward innovation, helping the product definition to be faster, more accurate and more ruthless. Optimize users’ research insight, adopt innovative immersive research methods, tap users’ hidden needs, and ensure accurate insight into users’ needs; Optimize product definition ability, continuously optimize and promote EMD scenario definition, create high-value differentiated scenarios, and add software service definitions to create unified, iterative and profitable platform-based software service products, so as to ensure victory through differences in homogenization competition. In 2023, the company’s key products performed well, the sales of fuel vehicle products of Changan Gravitation brand exceeded one million, and CS75 series and Yidong series performed well in their respective market segments of traditional power. The new energy products are growing rapidly, and the growth rate exceeds that of the industry. The key products, Deep Blue SL03, Deep Blue S7 and Qiyuan A07, are favored by the market, and the new products will increase rapidly as soon as they are launched. The company will continue to focus on the user experience, focus on the core scenes, seize the window period of smart new cars, and accelerate the strategic goal of electrification transformation.

　　3. Global layout ability. The company released the global "All rivers run into the sea" plan, and pressed the "acceleration button" of Changan Automobile to go to sea. The annual overseas export sales volume reached 358,000 vehicles, a year-on-year increase of 43.9%. The company has defined its overseas development goals, established a global development layout, and established five regional business divisions, and the overseas layout is improving day by day. Held a brand launch conference in Southeast Asia, and DEEPAL officially entered Thailand, radiating the world and opening a new chapter in expanding the global market; Build the first overseas production base-Changan Automobile Thailand manufacturing base to truly realize localized operation; In Saudi Arabia, Chile, Mexico and other countries, the market sales rank among the top brands in China. In the future, the company will integrate resources, speed up going out to sea, accelerate the construction of the five major global markets and channels, further enhance its overseas market capabilities, and strive to provide excellent scientific and technological products and the ultimate service experience for global users, and make new contributions to the construction of global economic integration, promote the high-quality construction of the "Belt and Road".

　　4. Brand upward ability. The company’s brand image has further advanced to a new level, and it continues to build an outstanding brand with uniqueness, value, long-term and cognition. In terms of brand promotion, the brand image continues to improve, establishing five brand structures and completing the layout of three smart electric brands: Aouita, Deep Blue Auto and Changan Qiyuan; Release the global "all rivers run into the sea" plan, and move towards the world-class brand; Deepen the new energy "Shangri-La" plan and release the "Golden Bell Cover" battery brand in Chang ‘an; Landing the intelligent "Beidou Tian Shu" plan, we will continue to build a "new car and new ecology", seize the digital smart new car track, display Changan technology and new car achievements, and realize brand leap. In terms of brand promotion, the Southeast Asian brand launch conference was held, and the strategic plan for the Thai market was released. The overseas communication covered a total of 171 million people, enhancing brand awareness in the Thai market; Join hands with Xinhua News Agency to carry out the IP cooperation of "One Belt, One Road Global Tour", show the new business card of "China Zhizao" to the world, promote the further implementation of Changan’s overseas strategic plan, and enhance the international influence of the brand; Deeply bundled with three-body IP, the exclusive title is bilibili’s "Three-body" animation, with a broadcast volume of 620 million and a total exposure of 4.66 billion in the whole network, which effectively enhances the brand’s youthful and intelligent perception; The innovative incubation "SDA Black Technology Lab" has its own IP, which comprehensively and systematically demonstrates the strength of Changan Automobile as a leader in the era of digital intelligence and new automobiles, and builds the image of Changan Automobile Technology Enterprise, with a cumulative exposure of over 530 million.

　　5. Cultural leadership. The company deeply practices the leading culture, releases the concept of leading culture 4.0, and makes culture the core competitiveness. Tell the story of Chang ‘an well, publicize Chang ‘an culture, carry out activities such as learning and publicity, and hold competitions, so as to provide cultural guidance for the "All rivers run into the sea" plan; Focusing on the key points of production and operation, we will organize situation and task education and swearing-in meetings to unite the forge ahead. Practice the concept of "double concern", deepen the "five free" assistance, solve the employees’ demands of "urgent difficulties and worries", and continue to do practical and good things for employees, so that employees’ sense of gain, happiness and security are constantly enhanced. Resolutely fulfill the social responsibility of state-owned enterprises, and immediately rushed to the disaster areas such as the rainstorm in North China and the earthquake in Gansu, with a total donation of 16.5 million yuan; Fully assist Luxi and Yanshan counties in Yunnan and Youyang in Chongqing, continuously improve the quality and effectiveness of assistance, and allocate funds of 10.6 million yuan as a whole; Fully implement the rural revitalization strategy, deepen the assistance of Youyang tea oil industry, and form the Chang ‘an development model of "enterprises join hands with enterprises to jointly drive the industry", which has been included in the case of rural revitalization and innovation in the State Council. 6. Talent organization ability. The company insists on strengthening the enterprise with talents, continuously optimizes the organization, continuously strengthens the talent team, and further consolidates the strategic transformation support. In terms of talents, we should do a good job of "introducing talents from outside" and build a highland where outstanding talents from all over the world gather and grow. Introduce foreign vice presidents to empower the management team with a global vision; For important fields such as modeling, autonomous driving, batteries, big data, etc., industry leading talents and senior talents are widely introduced to achieve full coverage of senior talents in important fields; Strengthen the training of young cadres,The team structure of deputy general manager level and manager level is getting younger and younger. In terms of organization, the company’s organizational structure is adjusted in time to match the strategic needs. In terms of mechanism, the incentive and restraint mechanism continues to innovate, bringing efficiency into comprehensive evaluation and stimulating the strong vitality of enterprise talents.

　　

　　Fourth, the main business analysis

　　1. Overview

　　Compared with 2022, the company’s operating income was 151.298 billion yuan, a year-on-year increase of 24.78%; The net operating cash flow was 19.861 billion yuan, a year-on-year increase of 250.52%. During the reporting period, the company’s net profit attributable to shareholders of listed companies was 11.327 billion yuan, up 45.25% year-on-year, and the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 3.782 billion yuan, up 16.19% year-on-year, mainly due to the increase in sales volume and the improvement in operating quality.

　　

　　V. Prospect of the Company’s Future Development

　　(A) the industry pattern and trends

　　In 2023, the overall performance of the automobile market is good, which is an important force to promote economic recovery. It is expected that the automobile industry will show the following trends in the future:

　　1. Overall characteristics of the industry: the recovery of the industry exceeded expectations, the total sales volume exceeded 30 million, and the market competition pattern was reshaped. China’s automobile market has changed from Europe, the United States, Japan, Germany, South Korea and China to the dominant position of China brands, and the share of China brands will continue to increase in the future.

　　2. New energy trend: China’s production and sales of new energy vehicles ranked first in the world for 9 consecutive years. With the dual promotion of policies and markets, the penetration rate of new energy vehicles will continue to increase.

　　3. Intelligent trend: With the development and application of new technology groups such as artificial intelligence and big data, the automobile has evolved from a traditional means of transportation to a new intelligent car based on new energy and deeply integrated with intelligence, providing users with more comprehensive and comprehensive services. Industry policies will continue to support the development of the autonomous driving industry, and intelligent driving has gradually become the dominant factor for consumers to buy cars. Intelligent technical capabilities and carrying applications have become the core elements of competition among car companies.

　　4. Trend of going out to sea: China automobile industry has accelerated the pace of going out to sea and become an important force for China brands to go out to sea. In the future, more China brand automobile enterprises will deploy in overseas markets, actively participate in international competition, and seek incremental opportunities in the fuel vehicle market in developing countries and new energy vehicle opportunities in developed countries.

　　5. The trend of industrial chain interconnection: the automobile industrial chain is more flexible and develops into an interconnected network structure. The automobile industry has been transformed from the traditional one-way chain with the oil internal combustion engine as the main line into a new automobile network ecosystem with multi-point linkage, vertical integration and horizontal expansion among the main engine plant, Tier1 (a first-class automobile supplier) and raw material suppliers, as well as oil, electricity and other related industries running through it.

　　(II) Company development strategy

　　At present, China automobile brands are welcoming historic development opportunities, in which new energy is the core strength point of China brand, intelligence is an important element of differentiated competitiveness, and overseas markets will become a definite increment in the future. Facing the future, Changan Automobile will take the initiative to change, seek the overall situation with strategic thinking, and meet challenges with transformation and change. Since the release of the "Third Entrepreneurship–Innovation and Entrepreneurship Plan" in 2017, the company has been constantly reviewing and optimizing, and has now iterated to version 7.0. The company will adhere to the guidance of Socialism with Chinese characteristics Thought of the Supreme Leader in the New Era, and take "strategic guidance, system reform, extreme efficiency and innovation breakthrough" as the key, accelerate the transformation to an intelligent low-carbon travel technology company, and March towards a world-class automobile brand. In 2030, Changan Automobile will strive to sell 5 million vehicles, including 4 million independent vehicles, 3-3.5 million new energy vehicles and 1.2 million overseas vehicles. To this end, the company will implement the "215" partnership action, adhere to the "two major promotions", upgrade the "one major relationship" and realize the "five new leaps":

　　1. Adhere to the "two major improvements".

　　First, adhere to the double promotion of new energy and fuel vehicles. In 2023, the penetration rate of new energy passenger cars in China reached 35.7%, and fuel vehicles still occupied an important market share of 64.3%. Based on this, the company will adhere to the business strategy of "making efforts at both ends, coexisting and advancing together" between new energy vehicles and traditional fuel vehicles, adapt to market changes, provide competitive products in different market segments, meet the needs of users in different scenarios, and ensure the double promotion of new energy vehicles and traditional fuel vehicles.

　　The second is to adhere to the double promotion of the domestic market and the international market. Overseas has two-thirds of the global automobile market, and China’s automobile industry is accelerating its all-round development. Based on this, the company will put globalization in a more important strategic position on the basis of stabilizing the domestic basic market.

　　2. Upgrade "one big relationship"-partnership.

　　The competition in the automobile market is more intense. In order to achieve better development, we will jointly maintain the partnership of "risk sharing, value creation and benefit sharing" with dealers, suppliers and users through resource sharing and complementary advantages, and work together for the future.

　　3. Realize "five new transitions".

　　First, unswervingly take strategy as the traction to achieve a new transition in transformation and upgrading; Second, unswervingly optimize product layout and achieve a new leap in brand promotion; Third, unswervingly strengthen scientific and technological innovation and realize a new leap in technology; Fourth, unswervingly build an industrial ecology and achieve a new leap of development and win-win; Fifth, unswervingly promote customer management and realize a new leap in service experience.

　　(3) Business plan

　　In 2023, the company actually sold 2.553 million vehicles, achieving the goal of the board of directors. The business goal of the company’s board of directors in 2024 is to strive to achieve the production and sales of more than 2.65 million vehicles. Guided by the Supreme Leader’s Socialism with Chinese characteristics Thought in the New Era, the company has fully implemented the spirit of the 20th National Congress of the Communist Party of China and the Second Plenary Session of the 20th Central Committee, adhered to the general tone of striving for progress while maintaining stability, and made every effort to achieve the production and operation goals in 2024 with "strategic guidance, system reform, extreme efficiency and innovation breakthrough" as the key. Focus on the following tasks: first, strengthen party building and ensure high-quality development with high-quality party building; The second is to further promote the third venture of Changan Automobile-version 7.0 of the Innovation and Entrepreneurship Plan, and accelerate the transformation to an intelligent low-carbon travel technology company; The third is to persist in taking customers as the center and continue to create explosive products; Fourth, persist in system reform and accelerate the construction of innovative system capabilities; Fifth, strengthen the integration of resources and enhance operational capabilities; Sixth, adhere to two-way empowerment, create a new cooperation model, and fully guarantee the sustainable development of joint ventures; Seventh, persist in reform and innovation, and promote organizational change, talent management and mechanism innovation in an orderly manner; Eighth, adhere to the bottom line thinking, build a red line bottom line, and prevent and resolve major risks; Nine is to practice leading culture in depth and build culture into core competitiveness.

　　(IV) The company’s capital expenditure plan for 2024.

　　In order to achieve the company’s strategic objectives, the investment plan of the company and its holding subsidiaries in 2024 is 10,721,200,000 yuan, including 4,580,260,000 yuan in fixed assets and 6,140,940,000 yuan in equity investment. Investment in fixed assets mainly focuses on the adjustment of new energy production capacity structure, R&D capacity investment, new energy product launch and digital transformation, deepening the layout of new energy industry, accelerating the pace of new energy product launch, and continuously improving the digital and R&D capacity. Equity investment is mainly to support the development of independent brands, expand overseas markets, promote intelligent capacity building and accelerate the in-depth development of the new energy industry chain. According to the progress of the project, combined with the operating and financing environment, the company will study and formulate multi-channel fund-raising plans and fund use plans to improve the efficiency of fund use and reduce the cost of funds.

　　(5) Possible risks

　　1. Supply chain stability risk

　　With the increasing political and economic instability and uncertainty in the world, the global industrial chain supply chain is facing reconstruction. The automobile industry has a long industrial chain, which is also a typical global division of labor industry. In the current environment, it may still face supply chain risks.

　　Countermeasures: First of all, we should combine the relevant policies at the national level to promote the construction of a modern industrial system with technological innovation, increase the independent development of key core components, continue to push forward the technical research of key core components, and promote domestic substitution. In addition, we will continue to strengthen cooperation between upstream and downstream enterprises in the industrial chain, and reduce the risk of supply fluctuation through long-term agreements and reserve risk components.

　　2. Risk of overseas operation

　　As China’s position in the global industrial chain continues to improve, China’s automobile industry is accelerating to go to sea, and it is gradually laid out by regions and steps in research, production, supply, sales and transportation. The international competition is fierce and complicated, and the international economic and trade rules have changed profoundly. Chinese enterprises are facing more challenges in their development. More and more China enterprises are confronted with investigations and lawsuits of anti-monopoly, anti-subsidy, infringement of trade secrets and commercial bribery overseas.

　　Countermeasures: The company unswervingly promotes the plan of "All rivers run into the sea" and deeply participates in international competition. In participating in overseas market competition, we should establish a perfect compliance management system, stick to the bottom line and red line of operation, and ensure that the investment, products, spare parts and regulations meet the compliance requirements of the target market in all directions. At the same time, we should form a comprehensive daily, weekly and monthly follow-up research mechanism on international market politics, economy, society, environment and regulations to control overseas business risks to the maximum extent.

　　As outstanding representatives of Chinese enterprises, listed companies are scarce resources for regional economic development. Although the number is only about one tenth of the number of enterprises in China, they are the "basic disk" of the national real economy.

　　With the establishment of Shanghai and Shenzhen Stock Exchanges in 1990, China’s capital market has been born. In just over 30 years, China’s capital market has grown into the second largest market in the world. At the end of November this year, the number of listed companies in the A-share market officially exceeded 5,000, which is a historic moment.

　　Wind data shows that as of December 2, the number of A-share listed companies has reached 5012, and listed companies in strategic emerging industries account for over 50%. The total market value of these more than 5,000 outstanding people is close to 87 trillion yuan, which is distributed in 31 provinces (autonomous regions and municipalities directly under the Central Government) and distributed in 423 cities (including municipalities directly under the Central Government), and presents unique regional characteristics.

　　After 2014, a new A-share market was created.

　　From the time distribution of listing, before 2014, the China stock market was suspended for many times, and the annual number of IPOs also showed a state of fluctuation.

　　Wind data shows that, for example, in 1995, only 19 A-share companies went public, and in 2005, 14 companies went public. Especially in 2013, the IPO market of A-share was almost blank, and only two companies completed the IPO in that year. Midea Group went public in that year.

　　In the years with a large number of listings, such as 1996 -1997 and 2010 -2011, especially in 2010, IPO exploded, with a total of 337 companies listed, setting a record at that time.

　　"Before 2014, there were 8 cases of suspension of A-share IPOs. For example, in the financial crisis in 2008, the CSRC suspended the IPO for the purpose of protecting traders, and then restarted the IPO after the market bottomed out. This kind of treatment avoided the risks brought by fluctuations, but it is worth noting that the suspension of IPO could not actually change the original general trend of the market, and at the same time, excessive supervision also restricted the vitality of the market. " Li Zhan, chief economist of China Merchants Fund Research Institute, said in an interview with CBN.

　　After entering 2014, the number of IPOs tends to be stable. From 2014 to 2022, the number of A-share listed companies in China has exceeded the previous 24 years, which is equivalent to creating a A-share market before 2014.

　　Last year, the number of newly listed A-share companies reached a record 524. Among them, there are 88 main boards in Shanghai and 34 in Shenzhen, 162 listed companies in science and technology innovation board and 199 listed companies in Growth Enterprise Market, and 41 listed companies in North Stock Exchange. Up to now, the number of newly listed companies has reached 373 in 2022, and it is expected to sprint 400 during the year.

　　"The nine years from 2014 to 2022 correspond to the nine years of continuous marketization of China’s capital market." Li Zhan said that China’s capital market has taken a solid step since science and technology innovation board comprehensively piloted the registration system. The result of the registration system reform is obvious. The number of IPOs in 2020 is almost double that in 2019.

　　"Looking ahead, with the further decentralization of the power of examination and approval from administrative agencies to exchanges, the IPO in the capital market will become more and more normal." Li Zhan said.

　　The number of listed companies in 12 provinces exceeds 100.

　　From the provincial distribution of A-share listed companies, due to the uneven economic development, the number and market value of listed companies in different provinces are also quite different.

　　Wind data shows that as of December 2, among the 31 provinces (autonomous regions and municipalities directly under the Central Government), only 12 provinces (autonomous regions and municipalities directly under the Central Government) have more than 100 listed companies.

　　Among them, Guangdong province ranks first with the total number of 826 A-share listed companies, taking 16% of the national share by itself, and its volume is almost equivalent to the sum of 19 provinces (autonomous regions and municipalities directly under the Central Government) with the number of listed companies below 100, with a total market value of more than 14 trillion yuan, which reflects the strength of the first strong economic province.

　　In terms of industry distribution characteristics, Guangdong’s real estate, medicine and biology, machinery and equipment, computers and electronics industries are relatively concentrated. Among them, China Merchants Bank and China Ping An, the listed companies with the largest market value, are both financial institutions.

　　The number of A-share listed companies in Zhejiang Province and Jiangsu Province followed closely, with 644 and 630 respectively, with a difference of only 14, with a total market value of 7.3 trillion yuan and 6.8 trillion yuan respectively.

　　It is worth noting that so far, there are 64 A-shares listed in Jiangsu Province this year, while only 44 companies listed in Zhejiang, and Jiangsu is accelerating to catch up with Zhejiang.

　　In terms of industry distribution, Jiangsu has concentrated power equipment, electronics, basic chemicals, machinery and equipment, automobiles, medicine and biology, and the largest enterprise with market value is Hengrui Pharma. In addition, Jiangsu has gathered nine listed banks, the number of which is second only to Beijing, among which there are many regional leading banks such as Jiangsu Bank.

　　Zhejiang’s biomedicine, light industry manufacturing, automobile, textile and clothing, power equipment and other industries are relatively concentrated, and Hikvision is the enterprise with the largest market value.

　　The total number of listed companies in Guangdong, Zhejiang and Jiangsu provinces has basically occupied half of A shares.

　　"The number of listed companies reflects the economic development and investment attractiveness of different provinces and regions. At the same time, the capital market is a market-oriented platform for providing financing and optimizing allocation, and the development of regional economy also needs the help of the capital market. " Tian Lihui, dean of the Institute of Financial Development of Nankai University, said in an interview with CBN.

　　In addition, there are 17 provinces (autonomous regions) with less than 100 listed companies, of which Qinghai Province has the least number of listed companies, only 11.

　　"China’s economically backward areas need to better promote enterprise growth, train entrepreneurs and management talents, guide, coach and supervise listed companies, and then drive regional development." Tian Lihui said.

　　Competition between cities

　　The number of listed companies is an important indicator of the city’s core competitiveness. At the same time, the increase in the number of listed companies can also promote the formation of urban industrial clusters and promote the efficiency of industrial chain coordination.

　　In terms of urban distribution, these 5012 listed companies are located in 423 cities (including municipalities) in China.

　　Wind data shows that among these 423 cities, only 79 cities have more than 10 listed companies, of which 8 cities have more than 100 listed companies. These eight cities are Beijing, Shanghai, Shenzhen, Hangzhou, Guangzhou, Suzhou, Nanjing and Chengdu.

　　Among them, Beijing, Shanghai and Shenzhen are in the first camp, with more than 400 listed companies, 454, 416 and 403 respectively. The distribution of listed companies in the three places has its own characteristics.

　　Among them, there are more listed central enterprises and state-owned enterprises in Beijing, and defense, communications, finance, computer and media enterprises are more concentrated. Especially in the financial field, there are 10 listed banks, all of which are state-owned and joint-stock banks except Bank of Beijing. In the communication field, China Mobile, China Unicom and China Telecom are all located in Beijing.

　　Compared with Shanghai and Shenzhen, the listed companies in Beijing are dominated by large-cap stocks, with the total market value of 454 companies approaching 20 trillion yuan, exceeding the total market value of listed companies in Guangdong Province, with an average market value of 43.3 billion yuan. Among them, there are three companies with a market value exceeding one trillion, namely Industrial and Commercial Bank of China, China Construction Bank and China Mobile.

　　The number of listed companies in Shanghai is second only to Beijing, with 416, which are mainly distributed in the pharmaceutical, biological, automobile, real estate, electronics and other industries, with a total market value of 7.4 trillion yuan, and the largest listed company with market value is Bank of Communications. As the main battlefield of science and technology innovation board, Shanghai has 78 listed companies in science and technology innovation board, which is the city with the largest number of listed companies in science and technology innovation board, and the background of "hard technology" is increasingly rich.

　　There are 403 A-share listed companies in Shenzhen, and their computer and electronics industries are particularly concentrated, with a total market value of 8.5 trillion yuan. Among them, the two companies with the largest market value are China Merchants Bank and China Ping An. Similarly, Shenzhen has the home advantage of GEM, with 147 listed companies on GEM, which is the city with the largest number of listed companies on GEM.

　　In addition, the number of A-share listed companies in Hangzhou has exceeded 200, reaching 206. After Beijing, Shanghai and Shenzhen, Hangzhou became the fourth city in China with more than 200 A-share listed companies, ranking first among all provincial capitals.

　　Song Huasheng, a professor at the School of Economics of Zhejiang University, said in an interview that the number and market value of listed companies in a region can well reflect the economic competitiveness of a city. From this dimension, Hangzhou has surpassed Guangzhou in the capital market and become the fourth city.

　　In addition, there are about 100 A-share listed companies in Guangzhou, Suzhou, Nanjing and Chengdu. However, judging from the number of newly listed companies since 2019, Suzhou is accelerating to surpass Guangzhou. In the past four years, the number of newly listed companies in Guangzhou has reached 49, while Suzhou has reached 62.

　　The number of listed companies in 80% cities does not exceed 10.

　　It is worth noting that Suzhou, as a non-provincial capital city, how to stand out among the municipalities directly under the central government and provincial capital cities, and even has the potential to catch up with Guangzhou?

　　Xu Tianshu, director of Suzhou Research Center of Jiangsu Changjiang Industrial Economic Research Institute and professor of Suzhou University of Science and Technology Business School, told CBN that the listing of a large number of enterprises in Suzhou is the result of Suzhou’s continuous strengthening and expanding manufacturing industry from township enterprises to foreign-funded enterprises to private high-tech enterprises for more than 40 years. For this reason, on the one hand, Suzhou has formed an effective way to support industrial development, and on the other hand, it has continuously optimized the business environment.

　　In fact, in order to cultivate more enterprises to go public, cities have also made great efforts to introduce relevant support policies.

　　For example, in the "Several Measures of Shenzhen Municipality on Further Promoting the High-quality Development of Enterprises’ Listing" issued in November, Shenzhen put forward the goal of over 600 listed companies at home and abroad by the end of 2025. 1.5 million yuan will be awarded for completing the shareholding system reform and listing counseling, and 1.5 million yuan will be awarded after the successful listing; 3 million yuan for direct listing on overseas stock exchanges; The reward for listing on the New Third Board is 500,000 yuan, and the reward for entering the innovation layer is 300,000 yuan.

　　At the beginning of the year, Hangzhou released the "Phoenix Action" Plan for Further Promoting High-quality Economic Development in Hangzhou (2021— In 2025), it is proposed to strive to add more than 120 listed companies by the end of 2025, and be equipped with corresponding incentive measures, such as giving a one-time financial subsidy of 2 million yuan to enterprises that have completed share reform and completed listing counseling and filing in the securities regulatory department. If the enterprises of this Municipality are directly listed at home and abroad, they will be given a one-time subsidy of 3 million yuan.

　　But at the same time, we can also see that among 423 cities, 344 cities have less than 10 listed companies, accounting for over 80%, of which 145 cities have only one listed company, accounting for 1/3.

　　But there are also many outstanding people among them. For example, Kweichow Moutai is the only A-share listed company with a market value of over 2 trillion yuan. Although there is only Kweichow Moutai as an "only child" in renhuai city, Guizhou Province, its total market value is already "as rich as the enemy’s province", almost equivalent to the province’s GDP in 2021 (1.96 trillion yuan).

　　In addition, there are only four listed companies in Ningde City, Fujian Province, and Contemporary Amperex Technology Co., Limited ranks first. Similar examples include Wuliangye in Yibin City, Sichuan Province.

Recently, KIA’s brand-new EV5, a heavy strategic model, made its debut in China, which shows that KIA attaches great importance to the China market. On the other hand, the brand-new EV5 is not only a special vehicle launched by Kia to celebrate its 80th anniversary, but also a masterpiece under the concept of "China, China". The price range of the new car is 149,800 yuan-174,800 yuan, among which the EV5 530 Air version of 159,800 yuan has more advantages among the joint venture pure electric SUV models with the same price. On the premise of ensuring comfort, it also strengthens the sports performance and allows consumers to fully enjoy driving pleasure. It is reported that the long-life version will be launched in March 2024, and the GT-Line version will also be launched in July.

Minimalist style deduces the aesthetic feeling of future science and technology

Kia’s brand-new EV5 highly restores the concept car design, adopts a brand-new digital tiger-roaring front face, with a split LED light set and a penetrating LED strip, showing a full sense of science and technology.

The simple body lines outline a powerful body posture. The length, width and height of the new car are 4615*1875*1715mm and the wheelbase is 2750mm. This body size not only makes the new car look elegant and slender, but also provides a guarantee for the interior space.

The new 18-inch geometric wind blade low wind resistance wheel hub not only endows the car body with strong sports characteristics, but also shows a simple and highly scientific future aesthetics. Of course, the low wind resistance design further reduces the noise and energy consumption, and achieves a balance between aesthetics and practicality.

Coming to the rear of the car, the style is in the same strain as the front face design, highlighting the capable and broad visual image. The iconic Star-Map taillights complement the tough and wide body contours to create a fuller and more three-dimensional body posture; The aerodynamic roof spoiler once again demonstrates the sports characteristics of Kia’s new EV5.

Maternal and child-level standard technology configuration leads at the same level.

Based on the concept of sustainable development, KIA’s brand-new EV5 uses environmentally-friendly interior, 10 essential sustainable healthy and environmentally-friendly materials such as benzene-free paint and plant-based materials, and applies drying and bacteriostatic procedures to reduce the odor of air conditioning, ensure the healthy and fresh air inside the car, and bring a healthier, more comfortable and warmer cockpit environment.

Not only that, but the rich intelligent configuration also makes Kia’s new EV5 have obvious advantages among its peers. The new car is equipped with a 27-inch integrated triple screen (12.3-inch colorful LCD dashboard, 12.3-inch multimedia touch screen and 5-inch air-conditioning touch screen), and is equipped with the latest generation of ccNC intelligent internet entertainment system first applied by Kia in China. While fully considering the needs of users in China, we will cooperate with Baidu and Tencent, focusing on strengthening the application of apps commonly used by users in China, and strive to bring high-quality intelligent interactive experience to users. Of course, KIA also provides Kia Connect services, including remote control, vehicle interconnection, charging services, vehicle diagnosis, emergency rescue, etc., and supports remote upgrade of F-OTA vehicles, which are often used.

In terms of comfort and convenience, Kia’s new EV5 has intelligent induction electric tailgate and front seat heating. In addition, it also has electric adjustment of main and auxiliary drivers, rear backrest adjustment, panoramic sunroof opening, V2L external discharge and other configurations, which further improves the comfort of the car.

In terms of storage, the new car has a 67L large-capacity front reserve box, the rear seats support 0 flat folding, and the trunk volume can be expanded to 1718L, which fully meets the needs of users’ travel, camping, travel and other diverse life scenes.

Safe and trustworthy, protect family travel in all directions

The active and passive safety of vehicles has always been one of the core concerns of consumers. Taking KIA EV5 530 Land as an example, it is equipped with L2+ intelligent driving assistance function, and at the same time, all models have strengthened the body battery structure protection design and battery safety management.

At the same time, the car is also equipped with leading functions such as front anti-collision assistance (FCA), second-generation remote control intelligent parking assistance (RSPA 2) and parking anti-collision assistance-front/rear/side (PCA-F/R/S). Among them, the front collision prevention assistance (FCA) has a wider detection range and can identify vehicles, pedestrians, two-wheeled vehicles, vehicles facing the intersection and vehicles facing the front.

On the other hand, KIA’s brand-new EV5 vehicle adopts multiple skeleton structure, and the proportion of high-strength steel reaches 73.6%. The whole system comes standard with front middle airbags and 7 airbags. The safety seat is equipped with three airbags and a four-way adjustable headrest to protect passengers’ safety to the maximum extent.

Battery safety is also a top priority. EV5 not only achieves high safety standards in battery management, but also strengthens the structural protection design of the car body battery, and adopts surrounding battery protection to achieve a safety level without fear of collision, drowning and high temperature.

"Eggs" are the first to see the long-life version of the model, and the advantages at the same level are more obvious.

It is not difficult to see that even the standard battery life version that has been listed has achieved many leading positions, and the upcoming long battery life version highlights the hard-core strength of the new EV5. It is reported that the new EV5 long-life version will be equipped with a battery pack of 88.1kWh, and the CLTC cruising range will reach 720 kilometers.

In terms of configuration, the long-life version will be equipped with a zero-gravity relaxing seat in the driver’s seat, which can achieve up to 14-way adjustment. It also has leg supports and supports 6-point pneumatic massage, ventilation, heating, four lumbar supports and memory functions, greatly improving driving comfort. At the same time, humanized configurations such as the central drawer-type heating and cooling incubator and the right folding table board in the back row are also readily available.

It is worthy of recognition that the long-life version will also be the first vehicle in China where Kia applies UWB digital key technology, including UWB/BLE/NFC technology, with functions such as proximity unlocking, opening the welcome rearview mirror, starting the vehicle, intelligent tailgate, Bluetooth control, car locking, remote starting and sharing keys with friends.

In terms of intelligent assisted driving, the new EV5 Long Life Edition will be equipped with a fully upgraded Front Collision Avoidance Assist II(FCA2), which adds functions such as crossing vehicles, overtaking opposite vehicles, side approaching vehicles and multi-scene avoidance steering assistance, which can not only actively stop, but also avoid transfer. At the same time, the long-life version also has the second generation of highway driving assistance (HDA2), which helps users to keep the distance between cars, drive in the middle of the lane, change lanes and adjust the lateral position.

　　　　BEIJING, May 8 (Xinhua) According to Russian media reports, according to the latest statistics, Putin was busy during his presidency of Russia from 2000 to 2008, and his schedule was tight. As he himself said, he always worked like a "slave on a ship", including 192 visits abroad, including 7 visits to China and 6 visits to the United States.

　　　　Statistics show that Putin held an average of 145 talks with foreign representatives every year during his eight-year presidency. Today, the database of the official website of the President of the Russian Federation still contains 1409 speeches made by Putin in foreign political exchanges.

　　　　The last time Putin received foreign guests as president was in the Kremlin meeting with the Greek Prime Minister on April 29th this year. During his eight-year presidency, Putin often had telephone conversations with foreign leaders, with an average of more than 100 times a year. The last time he called Egyptian President Mubarak on May 4 to congratulate him on his 80th birthday.

　　　　In the past eight years, the largest number of large-scale international activities that Putin participated in were various forms of CIS summits, totaling 64 times. During his tenure as President of the Russian Federation, Putin attended 17 Russia-EU summits, 7 meetings with leaders of Asia-Pacific countries, 3 meetings with the United Nations General Assembly and 8 summits of the Group of Eight and the Shanghai Cooperation Organization. The last time Putin participated in large-scale international activities as president was on April 4 this year, when he attended the meeting of the Russian-NATO high-level committee in Hungary.

　　　　From 2000 to 2008, Putin made 192 working visits, official visits and state visits to 187 cities in 74 countries, among which the countries with the most visits were Ukraine (23 times), Kazakhstan (14 times), Germany (13 times), Belarus (10 times), China (7 times) and the United States (6 times). The year of the most frequent visits was 2007, with a total of 27 overseas visits. The last visit was to Sardinia, Italy, on April 17-18 this year.

　　　　In Russia, Putin inspected 212 cities and villages, and the last domestic work inspection site was Sochi, with the purpose of supervising the preparations for the 2014 Sochi Winter Olympics. (Bi Yuan)

Editor: Zhang Renhe

　　"Since 2014, the claims of professional counterfeiters in retail chain enterprises such as supermarkets have been on the rise", and the redefinition of the behavior of professional counterfeiters in the Implementation Regulations of the Consumer Protection Law (Draft for Comment) recently issued by the State Administration for Industry and Commerce (hereinafter referred to as the Draft for Comment) has aroused social concern. Yesterday, at the symposium sponsored by China Chain Store & Franchise Association and China Food Industry Association, more than 50 large supermarkets and suppliers bombarded professional claimants. In the eyes of trade associations and legal professionals, the accurate definition of professional counterfeiters should be "professional claimants", and some counterfeiting acts for the purpose of claiming compensation have constituted illegal crimes.

　　> > news background

　　Professional counterfeiting is not subject to the protection of consumer law and is controversial.

　　Not long ago, the State Administration for Industry and Commerce promulgated the Regulations on the Implementation of the Law on the Protection of Consumers’ Rights and Interests (draft for comments). Among them, the second article in the draft for comments attracted the most attention. "If consumers buy or use goods or receive services for their daily consumption needs, their rights and interests are protected by these regulations. However, these regulations do not apply to the purchase, use of goods or acceptance of services by natural persons, legal persons and other organizations other than financial consumers for profit. " Public opinion generally believes that this means that the professional anti-counterfeiting behavior of knowing and buying fakes will no longer be protected by the consumer law.

　　This clause has aroused widespread discussion in the society. Some people think that professional counterfeiters have gradually become a profit-seeking industry, occupying and consuming a lot of administrative public resources. However, there are also views that the emergence of professional counterfeiters is precisely because some businesses have problems in real life, such as irregular production, lax audit and careless inspection. Individual consumers often submit to humiliation because of the high cost of rights protection. If the professional counterfeiters are excluded by law, the illegal cost of the enterprise will be reduced to a certain extent. In the long run, the ultimate damage will definitely be the interests of every consumer.

　　> > enterprise statement

　　Most professional counterfeiters are malicious counterfeiters.

　　More than 50 large retail enterprises including Carrefour, RT Mart, Wumei, CR Vanguard, Johnson & Johnson, Diageo, Hershey, and other relevant responsible persons of supplier enterprises attended yesterday’s meeting. They all said that as enterprises, they must abide by national laws and regulations. If enterprises really make fakes and have food safety problems, they will be fined without complaint, but professional counterfeiters are more malicious counterfeiters, and it is difficult for enterprises to have complete monitoring evidence, and their actions seriously interfere.

　　"On average, every store in RT Mart now encounters seven or eight malicious counterfeiting every day, which is particularly serious recently." Pan Bingwei, the person in charge of RT Mart, said that, for example, they stepped on good goods in advance, bought 10 expired goods but settled them for 10 times, and the retail price of each product was only a few dollars, but they easily earned about 10,000 yuan through claims.

　　"The most troubled thing is that counterfeiters make their own fakes," Pan Bingwei said. Fake gangs usually take expired goods into the supermarket and hide them in a corner. The second person goes in to buy them, and the third person claims. Even the best video in the supermarket can’t be 100% monitored. Their success rate of "counterfeiting" is almost 100%.

　　"We have a store where five people sold 19 items and settled them in 19 times." Sun Wenbo, the person in charge of Wumart, said that our monitoring found that these people put the goods in the back seat of the car and immediately took out the same goods from the trunk to the supermarket to complain that the goods were expired. In addition, the supermarket has also been monitored and found that some people specially selected the refrigerated goods that have expired for two or three days, hid them in the diapers of pregnant and baby babies, took them out in two or three days, and then went directly to the service desk to claim compensation. "In this case, if we shoot the whole process, we will call the police immediately, but it is difficult for more than 95% to have monitoring evidence, so enterprises often have no counterattack power in front of such professional counterfeiters."

　　"Some’ counterfeiters’ even tamper with the date of production of goods." Sun Wenbo said.

　　> > viewpoint

　　Occupation claimants occupy administrative resources.

　　"From July 2014 to June this year, Johnson & Johnson was involved in more than 50 professional claims because of the telephone problem in the label." Relevant persons of Johnson & Johnson China said that although the company had already made rectification, these professional claimants had put pressure on 32 cases through the government administrative department when the claim failed.

　　"According to the survey of the association, one enterprise was forced to pay the mediation fee of’ professional claimant’ as high as 10 million yuan in 2012, which seriously affected the normal operation of the enterprise." Chu Dong, deputy secretary-general of China Chain Association, said that’ professional claimant’ did not hesitate to damage the hard-won brand reputation of the merchants in order to achieve their own selfish interests, but also abused government administrative resources and used online media to create public dissatisfaction with the enterprise and the government.

　　"Once their claims are rejected, these people complain to the regulatory authorities, ask the government departments to intervene, and even put pressure on the regulatory authorities by means of administrative reconsideration, administrative litigation and government information disclosure." Mao Weiqi, director of Beijing Shangzuo Law Firm, which specializes in food safety legal services, said that according to his contact with the drug regulatory authorities, there are about 1,500 professional claimants active in Beijing, some of whom are organized, including professional legal persons and technicians. Their massive complaints take up a lot of time and energy of supervisors and take up the already tense administrative resources.

　　Support counterfeiting but oppose profit-making claims

　　"It is illegal to tamper with the production date and replace expired products, and the circumstances are serious and even constitute a crime." Mao Weiqi said that the pure act of knowing and buying fakes should still be supported. After all, it has a certain supervisory effect on the market. However, there are two kinds of situations in which consumers knowingly buy fake food. One is that consumers intentionally buy food before buying it, and the other is that professional claimants with certain professional skills deliberately buy unsafe food for the purpose of making profits, and then claim rights as consumers.

　　"In the first case, it should be recognized as a consumer and entitled to compensation according to law," Mao Weiqi said, but for professional claimants or anti-counterfeiting organizations, although their anti-counterfeiting is objectively conducive to curbing counterfeiting and selling fakes, considering that it is an organized and regular activity, it does not meet the definition of consumers in the Consumer Law, so it is not appropriate to determine its consumer identity.

　　"In fact, professional claimants use the non-subjective and accidental mistakes of production and operation enterprises to damage the brand reputation of businesses and coerce the other party to pay higher compensation than that stipulated by law." Chu Dong said that consumers and professional claimants are essentially different. The biggest feature of the latter is that they only buy problematic goods, which are organized, have legal background but have no legitimate occupation, and have high purchase frequency, strong profit-making purpose and coercive language and behavior. "We support anti-counterfeiting, but resolutely oppose the claim for profit-making and non-living consumption." (Reporter Hu Xiaohong)

(Original title: Professional counterfeiters are not intended to be protected by consumer law, causing controversy. Retail enterprises expose professional claims. "Professional counterfeiters mostly claim maliciously")

几个小时前，发布了全新。

官方介绍的标题非常言简意赅：几乎在每个方面都有重大改进。

1、车型

自发布之日起，所有三种车身变体都将进行大量修改—— 运动轿车、多功能 Taycan Cross Turismo（配有越野套件）以及运动但实用的 Taycan Sport Turismo。在每种车体下，都有四种动力系统可供选择，包括和全轮驱动版本。修改后的车型将于 2024 年春季抵达保时捷中心。

2、性能

所有更新的车型的加速速度都比前代快得多。该产品组合两端的两个示例：作为运动型轿车，Taycan 和 Taycan Turbo S 从静止状态加速至 100 公里/小时大关只需 4.8 秒和 2.4 秒。这使得它们比前代产品快了 0.6 秒和 0.4 秒。

借助 Sport Chrono 套件中的全新一键通功能，只需按一下按钮 10 秒即可实现高达 70 kW 的功率（具体取决于型号）。加速率的增加通常是系统输出提高的结果。例如，基础版 Taycan 的功率比以前多了 60 kW。在 Taycan Turbo S 中，带有弹射起步功能的额外功率为 140 kW。这将顶配车型的系统输出功率提高至 700 kW/952 PS。

3、续航

根据车身型号和动力总成的不同，WLTP 续航里程已增加至 678 公里，增加了 175 公里或 35%。与前代产品相比，更新后的 Taycan 不仅在长途旅行中需要更少的充电，而且充电速度也更快：例如，在 800 伏直流充电站，它的充电功率可达 320 kW。这比以前多了 50 kW。新型高性能电池的快速充电窗口显着扩大。这意味着超过 300 kW 的充电容量可以持续长达五分钟，并且即使在低温下也可以更快地实现非常高的充电容量。

Depending on an individual’s driving style as well as other variables, this can reduce the time required to charge from 10% to 80% by half compared to the previous generation car. In the first generation Taycan, it took 37 minutes to charge from 10% SOC to 80% at 15. Under the same conditions, the updated Taycan, despite its larger battery capacity, takes only 18 minutes. The total capacity of the Battery Plus has now increased from 93 kWh to 105 kWh.

4. New type of active chassis

Adaptive is standard on all updated Taycan models. The new Porsche Active Ride suspension can be ordered as an option in the all-wheel drive version. The system offers unprecedented adjustment between driving comfort and driving dynamics.

The suspension maintains the Taycan’s body level at all times, even during dynamic braking, steering and acceleration operations. During smooth driving, the system absorbs bumps almost entirely. In dynamic driving situations, the Porsche Active Ride suspension ensures a near-perfect connection to the road surface through a balanced distribution of wheel loads. If the appropriate modes are activated, the suspension compensates for pitching and rolling movements in order to reduce the acceleration forces acting on the occupant.

5. Higher energy efficiency

Advanced powertrain with new rear axle motors, all models with 80 kW more power than their predecessors, optimized pulse inverters and optimized software, more powerful batteries, improved thermal management, next generation, and improved recovery and all-wheel drive strategies.

Maximum energy recovery at high speed deceleration has been increased by more than 30%, from 290 kW to up to 400 kW. All models now come standard with optimized wheels and tires with less rolling resistance. New 21-inch wheels and tires have been specially developed for this purpose.

6. Higher configuration, lower weight

Although these models weigh 15 kilograms less, the standard features are more abundant than before. Ambient lighting, parking assistance system with mirror surround lighting, electric folding exterior mirrors with mirror surround lighting, heated front seats, Porsche Intelligent Mileage Manager (PIRM), heat pump with new cooling system, smartphone tray for wireless charging, charging ports at the driver and front passenger side, driving mode switch and enhanced power steering are now standard.

The Taycan base model now comes standard with adaptive air suspension and aluminum threshold protection. In addition to the upgraded configuration, the improved specs include a battery with increased capacity but reduced weight.

7. More attractive designs

With new front and rear styling, as well as new headlights and taillights, Porsche has further polished the Taycan’s clean, pure design. New front fenders and flatter headlights accentuate the width of the Taycan even more.

The new headlights feature high-resolution high definition matrix technology and more sophisticated optics that now display the brand’s unique four-point graphics at night. The Porsche logo in the rear light strip features a three-dimensional glass exterior design. An illuminated version of the car with welcome/leave animations is presented for the first time.

8. Updated controls and displays

The instrument cluster, center display and optional passenger display feature an optimized user interface and additional features. The mode switch on the steering wheel is now standard. For Taycan models with the Sport Chrono kit and Performance Battery Plus, there is a special push-to-talk button on the mode switch.

Control of the driver assistance system is more intuitive with a new lever on the left side of the steering wheel. Apple CarPlay has been more deeply integrated into the display and functions of the vehicle. The new in-car video feature enables video streaming on the center display and passenger display.

With the progress of social civilization, we can see that many high-tech technologies have been applied to mass-produced vehicles, and the driving experience of consumers has been improved, which is highly playable. Many netizens left messages and wanted to see it. Today it came. Let’s get to know each other.

First of all, from the appearance, Parasso’s front face as a whole looks very fashionable and simple, and looks very sporty. Combined with the headlights of personality, the domineering effect is outlined. The car is equipped with LED daytime running lights, front fog lights, automatic opening and closing, delayed closing and so on. Coming to the side of the car body, the size of the car body is 5252 mm * 1864 mm * 1989 mm. The car uses simple lines, and the side wall feels very elegant. With large-sized thick-walled tires, smooth lines run through the whole side of the car. In terms of the rear end, the rear end echoes the front end, and the taillights present a lovely design style. Together with the unique exhaust pipe, the whole looks very clean.

Sitting in the car, the interior looks very simple and the visual effect is good. The steering wheel design of the car is very individual, equipped with the functions of manual adjustment of the steering wheel up and down, and it feels good. From the central control point of view, the car is equipped with a touch-sensitive LCD central control screen, which makes the interior style impressive and looks very dynamic and lively. Let Xiaobian introduce the dashboard and seats. The dashboard of the car presents a clean and refreshing design style, and the trendy design elements make people remember it at a glance. The car adopts leather-like seats, equipped with functions such as seat proportion down, and the overall comfort is good.

Parasso matched the automatic manual transmission (AT) gearbox, with a maximum power of 168KW and a maximum torque of 360N.m, with good power performance.

Parasso’s trunk space is quite satisfactory, but it supports the rear seats to be laid down, which greatly enhances the expansion of the space and meets the daily travel needs. At the same time, the car is equipped with anti-lock braking system (ABS), LED daytime running lights, brake assist (EBA/BAS, etc.), braking force distribution (EBD), traction control (ASR/TCS, etc.), main driver airbag and co-pilot airbag.

This car has been introduced almost before, and I believe many users who buy a car have taken a fancy to its comfort and practicality. If you like it, you might as well learn more about it.

　　[car home New Energy] Recently, a group of patent drawings suspected to be new (|) were circulated on the Internet. In addition to a slight change in appearance, the biggest highlight of the new car is that it is expected to increase the watchtower lidar. However, as of now, the official has not disclosed information such as the release time of the new car.

"cash zeekr001"

　　Judging from the patent drawings circulating on the Internet, the front and rear surrounding shapes of the new car are different from those of ZEEKR 001 on sale. The new car uses triangular decoration in the surrounding area, but the front and rear still reach the design echo. In addition, the ZEEKR 001 fast and slow charging ports on sale are located at the rear fender and the front fender respectively, while the new car is suspected to have placed both charging ports at the left rear fender.

　　The most noteworthy thing is that the roof of the patent map of the new car has obvious bulge, and its position and shape are reminiscent of a new car or a watchtower laser radar. As for the battery life, it was previously reported that ZEEKR 001 will also be equipped with Contemporary Amperex Technology Co., Limited’s Kirin battery, which will have a pure electric cruising range of over 1000km. We will continue to pay attention to more news about the new car. (Text/car home You Dongqing)