After 40 years of success, Volkswagen has gained absolute dominance in China; what about the WEY brand? Great Wall Motors is rebuilding a high-end brand; it is the best time to make money, and new forces have formed a team to raise funds; it is a world of ice and fire, with a 12.

After forty years of success, Volkswagen Automobile has gained absolute dominance among enterprises in China; what about the WEY brand? Great Wall Motors is rebuilding a high-end brand; it is the best time to make money, and new forces have formed a team to raise funds; it is a world of ice and fire, with a sharp increase of 12.6%, and a sharp increase in dealer inventories.

Volkswagen (Anhui) project officially started construction

On December 8, the unveiling ceremony of Volkswagen (Anhui) Company, the completion of the R&D center and the groundbreaking ceremony of the manufacturing base were held in Hefei. This marks the official launch of the strategic cooperation project between Anhui Jianghuai Automobile Group and Germany's Volkswagen Group.

Volkswagen Group said that the R&D center will form an expert team of up to 500 people and establish a digital center in Hefei to provide Internet of Vehicles and digital services for its new energy products. In the future, Volkswagen (Anhui) models will be built based on the Volkswagen Group's pure electric MEB platform, and the first model is planned to be put into production in 2023.

In addition, Volkswagen (Anhui) has implemented a series of manufacturing base projects such as the second phase expansion of the R&D center and the renovation of the production workshop. The total planned investment exceeds 20 billion yuan and is expected to be completed by the end of 2022. The maximum annual output can reach 350,000 new energy vehicles. For automobiles, operating revenue will reach 30 billion yuan in 2025 and 50 billion yuan in 2029.

K line comment: If the public can eat meat, I hope JAC can make some soup.

Ministry of Industry and Information Technology: 25 car companies have violations of new energy vehicle regulations

On December 8, the Ministry of Industry and Information Technology issued an announcement on "Handling Enterprises with Violations of New Energy Vehicle Production Consistency", stating that in order to standardize the development of the new energy vehicle industry, improve the level of production consistency, and ensure Regarding product quality and safety, the First Department of Equipment Industry of the Ministry of Industry and Information Technology interviewed 25 new energy vehicle manufacturers that had violations in early supervision and inspections, and issued a rectification notice requiring the relevant companies to rectify the existing problems within a time limit.

Among them, 25 car companies, including BAIC, GAC, GAC Honda, BYD , Geely , were found to have products that did not meet the standards. The Ministry of Industry and Information Technology's supervision and inspection work was carried out in October this year, using random on-site inspections and sampling to designated testing agencies for inspection.

K line comments: The collective fraud on new energy vehicles is followed by collective violations, which should be punished in troubled times!

JPMorgan Chase : Tesla stock price is seriously overvalued

On December 10, it was reported that JPMorgan Chase believes that Tesla’s current stock price is seriously overvalued from any angle. The agency gave Tesla a target price of $90. Perhaps affected by this, Tesla's stock price fell below $600, a sharp drop from its previous high of $654.

Since December 8, 2018, Tesla’s stock price has risen 808%, and analysts have correspondingly increased the company’s target price by 451%. However, at the same time, analysts have also generally lowered Tesla’s 2020~2024 targets. profit expectations.

JPMorgan Chase pointed out that Tesla’s performance exceeded expectations largely due to the sales of environmental protection points. However, after traditional car companies complete their transformation, Tesla may not continue this trend due to the increase in electric vehicle sales.

K line comments: In recent years, Tesla’s stock price has soared, which makes people worry that it is a trend of the situation or opportunistic?

The decline in car sales in the first November narrowed to less than 3%

On December 11, statistics from the China Association of Automobile Manufacturers (China Association of Automobile Manufacturers) showed that China’s automobile production and sales in November 2020 completed 2.847 million units and 2.77 million units respectively, month-on-month. Growth rates were 11.5% and 7.6%, year-on-year increases of 9.6% and 12.6% respectively, and both production and sales reached new highs during the year. From January to November, the decline in my country's automobile production and sales narrowed to less than 3%. Production and sales completed 22.372 million units and 22.47 million units respectively, down 3% and 2.9% respectively year-on-year.

Passenger car production and sales in November completed 2.329 million units and 2.297 million units respectively, a month-on-month increase of 11.8% and 8.9% respectively, and a year-on-year increase of 7.5% and 11.6% respectively. Among them, luxury cars and new energy vehicles are one of the main factors driving the growth of the passenger car market.

html From January to November, passenger car production and sales completed 17.651 million units and 17.793 million units respectively, a year-on-year decrease of 8.1% and 7.6% respectively. The decline continued to narrow compared with January to October.

K line comments: OEMs have announced that passenger car data will maintain high growth, but dealers may not be able to sustain it.

November car dealers inventory coefficient reached 1.72

On December 10, the China Automobile Dealers Association released the results of the "Car Dealer Inventory" survey in November, which showed that the comprehensive inventory coefficient of Chinese car dealers last month was 1.72, exceeding the warning level. A significant year-on-year increase of 15.4% and a month-on-month increase of 9.6%.

This year, due to the late Spring Festival, pre-holiday sales were delayed. Dealers passively replenished inventory in order to sprint towards the full-year mission target, causing inventory pressure to continue to increase. Among them, the inventory coefficient of high-end luxury & imported brands was 1.58, an increase of 20.6% month-on-month; the inventory coefficient of joint venture brands was 1.67, an increase of 6.4% month-on-month; the inventory coefficient of independent brands was 1.87, an increase of 9.4% month-on-month.

What is striking is that there are 9 brands with inventory depth of more than 2 months. Among them, the top three brands are: Volvo's inventory depth is 2.8; Dongfeng Yueda Kia's inventory depth is 2.58; Dongfeng Infiniti's inventory depth is 2.45.

K line comments: The epidemic situation is rebounding, so be careful about stockpiling.

NIO announced an additional issuance of 60 million ADS

Following the announcements of additional issuance plans by Xpeng, Ideal, and Tesla in December, NIO has not been absent from the recent financing boom for electric vehicle companies. After the U.S. stock market closed on December 10, Eastern Time, NIO announced the issuance of 60 million ADS, with each depositary share equivalent to a general company’s Class A common stock. Affected by the news of the additional issuance, the US stock price of NIO fell 6.35% to US$42.35 after the market closed.

The announcement shows that about 60% of the funds raised in this additional issuance will be used for the research and development of new products and next-generation autonomous driving technology, 30% will be used for market expansion and penetration, and the rest will be used for general corporate purposes.

K line comment: Weilai has made it clear that it has no financing plan in the short term. It is so fast that it is "not willing to lag behind". Who can see the good news and not give up?

Geely Automobile will fully develop "hybrid" cars

On December 10, the first SCP (Passenger Car Powertrain Professional Committee) conference was held. Geely Automobile, as the chairman unit, took the lead in organizing the establishment of SCP. At present, 67 influential Chinese OEMs, universities, scientific research institutions and parts suppliers have joined to enhance the core competitiveness of Chinese car companies’ passenger car hybrid technology.

It is reported that Geely is developing a new generation of hybrid-specific powertrain platform with an indicated thermal efficiency of 49.5%. During the development process, it pays more attention to users’ real operating conditions, especially urban congestion, and covers a variety of hybrid technology routes. Including MHEV/HEV/PHEV/REEV to achieve better energy saving effect and stronger power performance.

K line comments: The hybrid era has quietly begun. Can Geely raise the banner, live up to expectations, and compete with the traditional HEV powerhouses? We'll see.

Great Wall Motors "SL" high-end electric project is coming

On December 11, Shanghai Salon Zhixing Industrial Co., Ltd. was established. The previously rumored Great Wall Motors "SL" project was confirmed. The project will target Weilai, Tesla, Ideal, etc. New car manufacturing forces.

On December 9, Li Peng, founder of Xiandou Intelligence and digital executive of Great Wall Motors, shouted to the new forces at the WISE New Economy King Conference: "The smart car qualifying competition has just ended, and the finals have begun. We should join the competition." .”

K line comment: The “SL” project will be the most important part of Great Wall Motors’ transformation process. Where will the WEY brand go? The text

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