How to understand cars, car news every day] Let’s take a look at some major events in the automotive industry on October 29, 2022. Car Incident 1: General Motors: Stop advertising on Twitter General Motors issued a statement on October 28 local time saying that since Tesla CEO Mu

Understand the way to cars, car news every day] Let’s take a look at some major events in the automotive circle on October 29, 2022.

Car Event 1: General Motors: Pauses advertising on Twitter

GM issued a statement on October 28 local time saying that since Tesla CEO Musk has taken over the social platform Twitter (Twitter), General Motors will suspend advertising on twitter. General Motors said it will suspend ads when evaluating Twitter's new direction. But the company will continue to use Twitter to interact with customers, but will not pay for advertising. Twitter did not immediately respond to the comment request.

According to U.S. Consumer News and Business Channel (CNBC), car companies such as Ford, Stellantis and Alphabet, which hold Waymo, which holds stake in Waymo, have not responded.

Car Event 2: Bugatti Chiron series 400th unit officially rolled off the line

Recently, Bugatti officially announced that the 400th mass-produced model of Chiron series has been officially rolled off the line. The car is the Super Sport version, with a limited number of 8 units. Each Bugatti is a team of 20 skilled mechanics and craftsmen, assembled approximately 1,800 individual parts together, resulting in a unique and perfect work of art.

汽车事件三：沃尔沃汽车公布2022年第三季度业绩报告

0月28日，沃尔沃汽车公布2022年第三季度业绩报告：第三季度营业收入达到793亿瑞典克朗，同比劲增30%；营业利润（不包括合资公司和关联公司）为35亿瑞典克朗，利润率为4.4%。

htmlOn October 28, Volvo Cars announced its third quarter performance report for 2022: operating income in the third quarter reached 79.3 billion SEK, a year-on-year increase of 30%; operating profit (excluding joint ventures and affiliates) was 3.5 billion SEK, with a profit margin of 4.4%.

Auto Event 4: GAC announced its third-quarter performance

Day ago, GAC Group released its third-quarter performance report, achieving operating income of 31.527 billion yuan in the third quarter, a month-on-month increase of 24.6%, and increased by 51.58% year-on-year; net profit attributable to shareholders was 2.312 billion yuan, a year-on-year increase of 144.07%, and net profit attributable to shareholders was 2.087 billion yuan, a year-on-year increase of 292.70%. In the first three quarters, the consolidated operating income was 79.976 billion yuan, a year-on-year increase of 45.10%; the net profit attributable to shareholders was 8.062 billion yuan, a year-on-year increase of 52.59%; the net profit attributable to shareholders was 7.728 billion yuan, a year-on-year increase of 68.87%.

html In September, the whole group produced 228,100 cars and sold 237,200 vehicles, an increase of 41.5% and 44.3% year-on-year respectively. From January to September, a total of 1.8326 million cars were produced and a total of 1.825 million cars were sold, an increase of 26.9% and 22.2% year-on-year respectively.

At the same time, domestic automobile production and sales in September reached 2.672 million and 2.61 million respectively, an increase of 11.5% and 9.5% month-on-month and 28.1% and 25.7% year-on-year respectively. From January to September, automobile production and sales reached 19.632 million and 19.47 million respectively, an increase of 7.4% and 4.4% year-on-year respectively. GAC's monthly and cumulative production and sales growth rates far exceed the industry, with a clear leading advantage.

The production and sales scale has increased significantly and the market share of high-value models has effectively driven the increase of GAC's gross profit. In the third quarter, GAC's gross profit achieved a significant increase, with a month-on-month increase of 26.8% and a year-on-year increase of 10.8%.

According to the first three quarters, GAC Group achieved operating income of 79.976 billion yuan, an increase of 45.10% over the same period last year; net profit attributable to shareholders was 8.062 billion yuan, an increase of 52.59% year-on-year; net profit attributable to shareholders was 7.728 billion yuan, an increase of 68.87% year-on-year, and its annual growth target is expected to exceed it.

Automotive Event 5: Xinchi Technology's first batch of E3 high-performance MCUs are officially mass-produced and shipped

A few days ago, Xinchi Technology's first batch of MCU "Control Core" E3 was officially delivered to customers, which means that Xinchi Technology's MCU has entered the era of mass production and provides the industry with automotive-based MCU chip products.Since its release in April this year, Xinchi Technology E3 has passed the AEC-Q100 reliability test and achieved mass production and delivery in October.

Xinchi Technology E3 series products are based on ARM Cortex-R5F, with functional safety level reaching ASIL D, temperature level supports AEC-Q100 Grade 1, CPU main frequency is up to 800MHz, and have up to 6 CPU cores . It is the highest performance product among the existing mass-produced automotive MCUs, filling the gap in the domestic high-end and high-security automotive MCU market.

Auto Incident VI: Guo Tiefu is the senior director of marketing of Lutus China Public Relations General Manager,

October 28th news recently, media reports have recently reported that Guo Tiefu, former senior director of marketing and public relations communication of Gaohe Automobile, officially joined Lutes and became the senior director of marketing of Lutes China Public Relations General Manager.

In 2006, Guo Tiefu obtained the master's degree from the University of Ghent, Belgium, one of the top 100 universities in the world. At that time, he studied in the knowledge and information management major at the University of Ghent, Belgium. After graduation, Guo Tiefu joined the car brand.

In 2015, Guotifu took over Borgward and served as the executive director of brand communication. He deeply participated in the communication marketing planning of the early stages of Borgward Brand entering the Chinese market. He was one of the early planners of Borgward Auto entering the Chinese market.

Guo Tiefu joined Chinese Express in 2018. At that time, the Gaohe brand was still planning, and he participated in and witnessed the growth of the Gaohe brand. He has also served luxury brands such as Audi , Bentley , Jaguar Land Rover .

htmlOn October 25, Lotus's first pure electric smart Hyper SUV Eletre was officially launched, providing two versions of the track version (R+) and the sports version (S+) in mainland China, with starting prices of RMB 1.028 million and RMB 828,000 respectively. The S+ version will be delivered from March 2023, and the R+ version will be delivered from May 2023.

In September this year, Lotus Technology completed its latest round of financing, with a business valuation of US$4.5 billion. Lotus Group is jointly owned by Zhejiang Geely Holding Group and Malaysia Etika Automotive, and holds 51% and 49% of equity , respectively. Lotus Technology said it will use the proceeds from financing to product innovation and develop a global distribution network. Previously, there were reports that Lotus is currently considering listing in the UK, the United States or China, but the issuance scale and valuation of the company's initial public offering (IPO) remains to be determined, and it has not yet been decided whether to conduct an IPO.

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