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The national e-sports trend is surging, and Samsung OLED TVs create a new ecosystem of gaming experience

　　　From the first time the e-sports project made a splendid appearance as an official competition event at the 2023 Hangzhou Asian Games, to millions of game enthusiasts watching the League of Legends S13 global finals, games are moving from niche hobbies to the mainstream, and the national e-sports trend is surging. Therefore, excellent gaming performance has become one of the core trends in the development of high-end TVs. Samsung released the OLED series of TVs (S95Z, S90Z) in 2023. The series of TVs are equipped with Samsung nerve cell quantum dot processors. With industry-leading quantum dot QD-OLED technology to create colorful pictures, combined with 144Hz high refresh rate and audio and video tracking OTS + technology, the game experience is fully upgraded, becoming the favorite of many e-sports players.

　　Ultra-high refresh rate for a seamless gaming experience

　　As a home entertainment center, Samsung TVs accurately understand and respond efficiently to user requests, enriching the daily entertainment life of the public with continuous technological innovation. Samsung OLED TVs lead the development of industry technology, breaking through the high refresh standard of full channel, and become a benchmark with an ultra-high refresh rate of 144Hz. Dynamic Acceleration Engine Pro technology ensures that players enjoy a fast and smooth experience with low latency and low motion blur in games where every second counts. Built-in virtual aiming points can further improve shooting precision and help players seize the opportunity in speed-conscious games such as FPS games. Samsung Game Center is equipped with a mini-map sharing function to easily improve the map details display in large-screen games. Players can capture clues on the map at a glance, and can also enjoy multi-screen gaming experience synchronously through device interconnection.

　　It is worth noting that the Samsung OLED TV also uses a variety of technical advantages such as dynamic black equalizer and game dynamic enhancement plus, so that users will not experience tearing or shaking when playing HDR games. In addition, the TV has also obtained VDE Gaming Performance certification and AMD FreeSync Premium Pro certification, allowing users to have a clearer, smoother and more comfortable entertainment experience. Whether you are starting a racing car engine journey or adventuring in a different world, you can gallop the competitive battlefield with a smooth and boundless trend.

　　Ultra-high definition image quality to create immersive and realistic game environments

　　While the gaming performance of the technology tree is almost full, Samsung still insists that image quality is the foundation of TV. Samsung OLED TVs have built-in nerve cell quantum dot processors, integrated with Samsung semiconductor innovation technology, simulate deep learning of human nerve cell systems, intelligently repair lost textures and details, and quickly render clear image quality close to 4K. 3D depth of field enhancement technology can simulate the way the naked eye handles depth of field by improving the contrast of the foreground, whether in a canyon or a jungle, it can bring an immersive gaming experience.

　　Samsung OLED TVs use self-luminous panels and quantum dot color rendering technology. On the basis of retaining the core advantages of OLED, quantum dot HDR brightness enhancement is achieved through pixel-level precise light control, and color purity and color gamut are further improved. Through the perceptual color mapping technology of the nerve cell quantum dot processor, different levels of light and dark colors can be presented, making the picture fuller and brighter, becoming the first OLED TV in the world to obtain Pantone color certification. Samsung OLED TVs have also passed HDR 10 + certification and UWA Alliance HDR Vivid authoritative certification. HDR Vivid (Jingcai HDR) comprehensively improves the picture texture based on intelligent algorithms. It is particularly worth mentioning that Samsung OLED TVs can optimize image quality for different game types, intelligently analyze the color situation of various game types such as RPG games, FPS games, RTS games and sports games, and fully support both subtle light and shadow and dark field details.

　　Super-first-class sound effects create a "identify BUFF" that integrates sound and painting

　　Multi-dimensional improvement of game fun is inseparable from super-first-class sound effects. Samsung OLED TVs create a sense of presence in the simulated three-dimensional world with the peak auditory experience. The nerve cell quantum dot processor creates a perfect picture while carefully analyzing the sound quality of the image, and naturally integrates vivid 3D sound effects with 4K high definition pictures to build an exclusive world of e-sports entertainment at home.

　　Samsung OLED TVs are equipped with audio and video tracking OTS + technology, which can be co-optimized by the nerve cell quantum dot processor. AI intelligent tracking analyzes each scene, and drives the speakers of each part to focus on the sound according to the content of different pictures, creating a "identification BUFF" that can realize listening sound identification and one-hit victory, truly realizing sound and shadow movement, and audio and picture integration. The series of TVs has built-in 70W speakers that are much higher than traditional TVs, which comprehensively enhances the Dolby Atmos experience and brings players a shocking auditory feast by riding the wind and waves. Samsung OLED TVs also have Q Symphony 3.0 technology. This technology allows for the synergistic sound of front, side, and top-up speakers from Samsung bar speakers, as well as speakers on the TV, enabling the TV and audio to resonate, creating a more immersive gaming experience with a wider surround sound field.

　　Samsung OLED TVs continue to refresh user awareness through product and technology innovation, open up a broader industry value space, and create a better entertainment life for users. In the future, Samsung will continue to rely on its deep cultivation in the field of display technology, put user experience first, and create better entertainment and leisure services for users through adherence to high standards.

Shocked by the news of his ＂death＂, Hong Jinbao angrily denounced ＂wicked＂ (Photo)

　　　　Jackie Chan asked me, Are you dead or alive?

　　　　According to Hong Tianming, his father, Hong Jinbao, was filming a movie in Songjiang Tourist Area, Yuncheng County, Shandong Province. At 7 p.m. on the 10th, the reporter contacted Hong Jinbao, who was resting in a hotel, through the office of Songjiang Martial Arts School in Yuncheng County.

　　　　After the call was connected, a man’s hearty laughter was heard, and the reporter asked: "Are you really Hong Jinbao?" The other party replied: "I am indeed Hong Jinbao!" After confirming that Hong Jinbao was indeed not "dead", the reporter began the interview.

　　　　Q: Did you know that there was a public report in the newspaper today that you passed away?

　　　　Hong Jinbao (laughter): I want to thank the audience of friends all over the country for their concern for me! This fake news is too fake, and the impact on society is too great! The news is very scary. This afternoon, I received almost thousands of phone calls, from Hong Kong, Beijing, Taipei, and overseas. Almost all my friends from all over the world called me to ask if Hong Jinbao was dead? Jackie Chan also cared about me. In the afternoon, he called me and asked me humorously: "Hong Jinbao, are you dead or alive?"

　　　　Q: How did you feel when you heard of your own death?

　　　　Samuel Hung: I’m baffled! I’m surprised. The mental pressure is really too great! I’m clearly alive and well, and I’ve never had any heart disease. Why would a reporter write me as a dead person?

　　　　Q: What would you do with fake news that hurts you like this?

　　　　Hong Jinbao: After I finish filming the trick in half a month, I will take a look at the development and see if the reporter of that newspaper publicly apologizes or not. I do not rule out a lawsuit with them.

　　　　Many celebrities have been called to death

　　　　● In January 2004, Alyssa Alyssa was tortured and "dead".

　　　　● In May 2004, someone broke the news to the media that "Li Xuejian passed away".

　　　　In June 2005, Zheng Xinyi was reported dead, and Shen Dianxia angrily denounced the rumors.

　　　　● In June 2005, Zheng Xiuwen’s "death" was flying all over the sky, and she responded "I’m not dead yet".

　　　　In 2006, Andy Lau was rumored to have been shot dead.

　　　　● In August 2007, she was reported to have passed away in Taiwan, and Qiong Yao personally wrote a blog post to clarify.

Decision of the Ministry of Transport and other departments on amending the Interim Measures for the Administration of Online Booking Taxi Business Services

The Ministry of Transport website reported on December 5 that the Ministry of Transport, the Ministry of Industry and Information Technology, the Ministry of Public Security, the Ministry of Commerce, the State Administration of Market Regulation, and the Cyberspace Administration of China issued a decision on amending the Interim Measures for the Administration of Online Booking Taxi Business Services. The Ministry of Transport said that on July 30, the "Decision of the State Council on Canceling and Adjusting a Batch of Fines" (Guo Fa [2022] No. 15, hereinafter referred to as the "Decision") was issued and implemented. " The Decision explicitly cancels "fines for failing to carry online booking taxi transportation licenses and online booking taxi driver licenses in accordance with regulations," and reduces the amount of "fines for failing to obtain online booking taxi transportation licenses and online booking taxi driver licenses for engaging in online booking car business activities without authorization or in disguise." In order to implement the requirements of the Decision, the fine provisions for failing to carry online booking taxi transportation licenses and driver licenses in accordance with regulations have been deleted, and the fines for failing to obtain online booking taxi transportation licenses and driver licenses for engaging in online booking car business activities have been reduced.

The revised Interim Measures provide that Article 34 is amended to read: "In violation of these regulations, anyone who engages in online taxi-hailing business activities without authorization or in disguise, and commits any of the following acts shall be ordered to make corrections, given a warning, and fined in accordance with the following provisions; if a crime is constituted, criminal responsibility shall be investigated according to law: (1) Failure to obtain the" Online Booking Taxi Business Permit "shall impose a fine of not less than 10,000 yuan but not more than 30,000 yuan on the online car-hailing platform company; (2) Failure to obtain the" Online Booking Taxi Transportation Permit "shall impose a fine of not less than 3,000 yuan but not more than 10,000 yuan on the parties; (3) Failure to obtain the" Online Booking Taxi Driver Permit "shall impose a fine of not less than 200 yuan but not more than 2,000 yuan on the

Attached original text:

The Ministry of Transport, the Ministry of Industry and Information Technology, the Ministry of Public Security, the Ministry of Commerce, the State Administration for Market Regulation, and the Cyberspace Administration of China have decided to amend the Interim Measures for the Administration of Online Booking Taxi Business Services (Ministry of Transport, Ministry of Industry and Information Technology, Ministry of Public Security, Ministry of Commerce, State Administration for Market Regulation, Order No. 46 of 2019 of the Cyberspace Administration of China) as follows:

Amend Article 34 to read: "Whoever violates these Provisions and engages in online car-hailing business activities without authorization or in disguise, and commits any of the following acts, shall be ordered to make corrections, given a warning, and fined in accordance with the following provisions by the administrative department for taxis at or above the county level; if a crime is constituted, criminal responsibility shall be investigated according to law:

(1) Failure to obtain the "Online Booking Taxi Business License" shall impose a fine of not less than 10,000 yuan but not more than 30,000 yuan on the online car-hailing platform company;

(2) Failure to obtain the "Online Rental Car Transport Certificate" shall impose a fine of not less than 3,000 yuan but not more than 10,000 yuan on the parties concerned;

(3) Failure to obtain the "Online Rental Car Driver’s License" shall be punished with a fine of not less than 200 yuan but not more than 2,000 yuan.

Anyone who forges, alters, or uses forged, altered, or invalid "Online Booking Taxi Transportation License" and "Online Booking Taxi Driver License" to engage in online car-hailing business activities shall be fined in accordance with the provisions of Items (2) and (3) of the preceding paragraph. "

Delete the first paragraph of Article 36.

Article serial numbers shall be adjusted accordingly.

This decision shall come into force on the date of promulgation.

The Interim Measures for the Administration of Online Booking Taxi Business Services shall be amended accordingly and reissued in accordance with this Decision.

Interim Measures for the Administration of Online Booking Taxi Business Services

(Issued by the Ministry of Transport, the Ministry of Industry and Information Technology, the Ministry of Public Security, the Ministry of Commerce, the State Administration for Industry and Commerce, the General Administration of Quality Supervision, Inspection and Quarantine, and the Cyberspace Administration of China on July 27, 2016, according to the December 28, 2019 "Decision of the Ministry of Transport, the Ministry of Industry and Information Technology, the Ministry of Public Security, the Ministry of Commerce, the State Administration for Market Regulation, and the State Cyberspace Administration of China on Amending the Interim Measures for the Administration of Online Booking Taxi Business Services" for the first time, according to the November 30, 2022 "Decision of the Ministry of Transport, the Ministry of Industry and Information Technology, the Ministry of Public Security, the Ministry of Commerce, the State Administration for Market Regulation, and the State Cyberspace Administration

Chapter I, General Provisions

Article 1: In order to better meet the diverse travel needs of the public, promote the integrated development of the taxi industry and the Internet, standardize the operation and service behavior of online taxi booking, and ensure the safety of operation and the legitimate rights and interests of passengers, these measures are formulated in accordance with relevant national laws and administrative regulations.

Article 2: Those who engage in online taxi booking (hereinafter referred to as online car-hailing) business services shall abide by these Measures.

The term online car-hailing business service as mentioned in these Measures refers to the business activities of building a service platform based on Internet technology, integrating supply and demand information, using qualified vehicles and drivers, and providing non-cruise booking taxi services.

The term "online booking taxi operator" (hereinafter referred to as "online car-hailing platform company") as mentioned in these Measures refers to an enterprise legal person that builds a network service platform and engages in online car-hailing business services.

Article 3: Adhere to giving priority to the development of urban public transportation and the appropriate development of taxis, and develop online car-hailing in an orderly manner in accordance with the principles of high-quality service and differentiated operation.

Online car-hailing freight rates are subject to market-regulated prices, except where the city people’s government deems it necessary to implement government-guided prices.

Article 4 The transportation department of the State Council shall be responsible for guiding the national management of online car-hailing.

The competent departments of transportation of the people’s governments of all provinces and autonomous regions, under the leadership of the people’s governments at the same level, are responsible for guiding the management of online car-hailing within their respective administrative regions.

Under the leadership of the people’s government at the same level, the municipal or county-level transportation department directly under the Central Government or the other taxi administrative department designated by the people’s government (hereinafter referred to as the taxi administrative department) shall be responsible for the specific implementation of online car-hailing management.

Other relevant departments shall, in accordance with their statutory duties, exercise relevant supervision and management over online car-hailing.

Chapter 2, Online Car-hailing Platform Company

Fifth, those who apply to engage in online car-hailing operations shall have online and offline service capabilities and meet the following conditions:

(1) having the status of an enterprise legal person;

(2) Possessing the Internet platform for conducting online car-hailing business and the information and data exchange and processing capabilities appropriate to the business to be carried out, having the conditions for traffic, communications, public security, taxation, network information and other relevant regulatory departments to retrieve and inquire about relevant network data information according to law, the network service platform database is connected to the taxi administrative department supervision platform, the server is set up in the Chinese mainland, and there are cyber security management systems and security protection technical measures that meet the regulations;

(3) Where electronic payment is used, agreements shall be signed with banks and non-bank payment institutions to provide payment and settlement services.

(4) having a sound operating management system, production safety management system, and service quality assurance system;

(5) having a corresponding service organization and service capabilities at the service location;

(6) Other conditions stipulated by laws and regulations.

Foreign-invested online car-hailing operations, in addition to meeting the above conditions, shall also comply with relevant foreign investment laws and regulations.

Article 6: Those who apply to engage in online car-hailing business shall submit an application to the corresponding taxi administrative department according to the business area, and submit the following materials:

(A) online booking taxi business application form (see attachment);

(2) The identity of the investor, the person in charge, the credit certificate and its photocopy, the identity certificate of the handler and its photocopy and the engagement letter;

(3) The business license of an enterprise legal person shall also be submitted if it belongs to a branch.

(4) Information on the office space, responsible personnel, and management personnel where the service is located;

(5) Proof materials for having Internet platforms and information data interaction and processing capabilities, proof materials for transportation, communications, public security, taxation, network information and other relevant regulatory departments to retrieve and inquire about relevant network data and information conditions according to law, description of database access, description of the situation where the server is set up in the Chinese mainland, proof materials for establishing and implementing cyber security management systems and security protection technical measures according to law;

(6) Where electronic payment is used, payment and settlement service agreements signed with banks and non-bank payment institutions shall be provided.

(7) the text of the operation management system, production safety management system, and service quality assurance system;

(8) Other materials required by laws and regulations.

Those who engage in online car-hailing business for the first time shall apply to the corresponding taxi administrative department at the place where the enterprise is registered. The relevant online service capability materials in items (5) and (6) of the preceding paragraph shall be reviewed and identified by the provincial transportation department at the place where the online car-hailing platform company is registered, and the departments of communications, public security, taxation, online information, and the People’s Bank of China and other departments at the same level shall review and identify, and provide the corresponding identification results. The identification results shall be valid nationwide. If an online car-hailing platform company applies for engaging in online car-hailing business outside the place of registration, it shall submit the results of the online service capability identification in items (5) and (6) of

Other offline service capability materials shall be reviewed by the taxi administrative department that accepts the application.

Article 7 The taxi administrative department shall make a decision on whether to license or not to license within 20 days from the date of acceptance. If a decision cannot be made within 20 days, it may be extended for 10 days with the approval of the person in charge of the implementing authority, and the applicant shall be informed of the reasons for the extension.

Eighth Article: Where the taxi administrative department makes an administrative license decision on the application for online car-hailing business, it shall clarify the business scope, business area, business period, etc., and issue the "Online Booking Taxi Business License".

Article 9 If the taxi administrative department makes a decision not to grant administrative license to an application that does not meet the prescribed conditions, it shall issue a "Decision Not to Grant Administrative License" to the applicant.

Article 10 An online taxi-hailing platform company shall conduct relevant business only after obtaining the corresponding "Online Booking Taxi Business License" and applying to the provincial communications authority at the place where the enterprise is registered for the filing of Internet information services. The filing content includes the real identity information of the operator, access information, and the "Online Booking Taxi Business License" issued by the taxi administrative department. Those involved in the operation of telecommunications business shall also comply with the relevant provisions on telecommunications management.

The online car-hailing platform company shall, within 30 days from the date of the official connection of the network, go through the filing formalities at the receiving organ designated by the public security organ of the provincial people’s government where the management and operation organ of the online car-hailing platform company is located.

Article 11 If an online car-hailing platform company suspends or terminates its operation, it shall report in writing to the taxi administrative department where the service is located 30 days in advance, explain the relevant situation, notify the owner and driver of the vehicle providing the service, and make an announcement to the public. If the operation is terminated, the corresponding "Online Booking Taxi Business License" shall be returned to the original licensing authority.

Chapter 3, Online Car-hailing Vehicles and Drivers

Article 12 Vehicles that plan to engage in online car-hailing operations shall meet the following conditions:

(1) Passenger cars with 7 seats or less;

(2) Install vehicle satellite positioning devices and emergency alarm devices with driving record functions;

(III) The technical performance of the vehicle meets the requirements of relevant standards for operational safety.

The specific standards and operating requirements for vehicles shall be determined by the corresponding taxi administrative department in accordance with the development principle of high-quality service and differentiated operation, taking into account the actual local situation.

Article 13: The taxi administrative department at the location where the service is located shall, upon application by the vehicle owner or the online car-hailing platform company, and after review according to the conditions stipulated in Article 12, issue a "Online Booking Taxi Transport Certificate" to the vehicles that meet the conditions and are registered as reserved for rental passenger transportation.

If the city people’s government has other provisions on the issuance of the "Online Booking Taxi Transport Certificate" for online car-hailing, such provisions shall prevail.

14th Article: Drivers who engage in online ride-hailing services shall meet the following conditions:

(1) Obtain a motor vehicle driver’s license of the corresponding type and have more than 3 years of driving experience;

(2) No record of traffic accident or dangerous driving, no record of drug abuse, no record of driving after drinking, and no record of 12 points in the last three consecutive scoring periods;

(3) No violent criminal record;

(4) Other conditions stipulated by the city people’s government.

15th Article: The municipal taxi administrative department in the district where the service is located shall, upon application by the driver or the online taxi platform company, verify and assess according to the conditions stipulated in Article 14, issue the "Online Booking Taxi Driver Certificate" to the qualified and qualified drivers.

Chapter 4, Online Car-hailing Business Behavior

Article 16: The online ride-hailing platform company assumes the responsibility of the carrier and shall ensure the safety of operation and protect the legitimate rights and interests of passengers.

17th Article: Online car-hailing platform companies shall ensure that the vehicles providing services have legal operating qualifications, are in good technical condition, have reliable safety performance, and have relevant insurance for operating vehicles, ensure that the vehicles providing services online are consistent with the vehicles actually providing services offline, and report the vehicle-related information to the administrative department of the taxi service location.

Article 18 The online car-hailing platform company shall ensure that the drivers providing services have legal professional qualifications, and in accordance with relevant laws and regulations, sign various forms of employment contracts or agreements with the drivers according to the characteristics of working hours, service frequency, etc., to clarify the rights and obligations of both parties. The online car-hailing platform company shall safeguard and protect the legitimate rights and interests of drivers, carry out pre-job training and daily education on relevant laws and regulations, professional ethics, service norms, safe operation, etc., to ensure that the drivers providing services online are consistent with the drivers actually providing services offline, and report the relevant information of the driver to the taxi administrative department where the service is located.

Online car-hailing platform companies shall record the information content, user registration information, identity authentication information, order logs, online logs, online transaction logs, driving track logs and other data released by drivers and car-hailing people on their service platforms and back them up.

Article 19: Online ride-hailing platform companies shall announce and determine the metering methods that comply with relevant state regulations, clarify service items and quality commitments, establish a service evaluation system and a passenger complaint handling system, and truthfully collect and record driver service information. When providing online ride-hailing services, provide driver names, photos, mobile phone numbers, service evaluation results, and vehicle license plates.

Article 20: Online car-hailing platform companies shall reasonably determine the online car-hailing freight rates, implement clear pricing, and provide passengers with corresponding taxi invoices.

Article 21: Online ride-hailing platform companies shall not impede fair competition in the market, nor infringe upon the legitimate rights and interests of passengers or the public interest.

Online car-hailing platform companies shall not engage in unfair price behaviors such as crowding out competitors or monopolizing the market, disrupting the normal market order at a price lower than the cost, harming the interests of the state or the legitimate rights and interests of other operators, and shall not engage in price violations.

Article 22: Online car-hailing shall engage in business activities within the licensed business area. If it exceeds the licensed business area, the origin and destination points shall be within the licensed business area.

Article 23: Online ride-hailing platform companies shall pay taxes according to law, purchase carrier liability insurance and other related insurance for passengers, and fully protect the rights and interests of passengers.

Article 24: Online ride-hailing platform companies shall strengthen security management, implement operational and network security measures, strictly protect and manage data security, improve security prevention and anti-risk capabilities, and support relevant departments in relevant work.

Article 25: Online ride-hailing platform companies and drivers providing business services shall comply with relevant national operating service standards, shall not dump passengers on the way or deliberately detour, shall not charge illegally, and shall not retaliate against passengers who report, complain about the quality of their services, or make unsatisfactory evaluations of their services.

Article 26 An online car-hailing platform company shall, through its service platform, inform the purpose, method and scope of the collection and use of personal information such as drivers, riders and passengers in a prominent manner. Without the express consent of the information subject, an online car-hailing platform company shall not use the aforementioned personal information for other business purposes.

Online ride-hailing platform companies shall not collect personal information of drivers, riders, and passengers beyond the scope necessary to provide online ride-hailing services.

Except for cooperating with state organs in exercising supervision and inspection powers or criminal investigation powers in accordance with the law, online ride-hailing platform companies shall not provide any third party with the names, contact information, home addresses, bank accounts or payment accounts, geographical locations, travel routes and other personal information of drivers, ride-hailing and passengers, and shall not disclose sensitive information related to national security such as geographical coordinates and geographical markers. After information leakage occurs, online ride-hailing platform companies shall promptly report to the relevant competent authorities and take timely and effective remedial measures.

Article 27: Online car-hailing platform companies shall abide by the relevant provisions of the national network and information security, the personal information collected and the business data generated shall be stored and used in the Chinese mainland, and the retention period shall not be less than 2 years.

Online car-hailing platform companies shall not use their service platforms to publish information prohibited by laws and regulations, and shall not provide convenience for enterprises, individuals, and other groups and organizations to publish harmful information, and take effective measures to filter and block the dissemination of harmful information. If it is discovered that others use their online service platforms to disseminate harmful information, it shall immediately stop the transmission, keep relevant records, and report to the relevant state organs.

Online car-hailing platform companies shall, in accordance with the law, provide necessary technical support and assistance for the public security organs to carry out national security work and prevent and investigate illegal and criminal activities in accordance with the law.

Article 28 No enterprise or individual shall provide information docking to vehicles and drivers who have not obtained legal qualifications to carry out online car-hailing business services. It shall not provide online car-hailing business services in the name of private passenger car sharing.

Online car-hailing vehicles and drivers shall not provide operation services through network service platforms that have not obtained a business license.

Chapter V, Supervision and Inspection

Article 29 The taxi administrative department shall build and improve the government supervision platform to share information with the online car-hailing platform. Shared information shall include basic information about vehicles and drivers, service quality, and passenger evaluation information.

Taxi administrative departments should strengthen the supervision of the online car-hailing market, and strengthen the qualification review and certificate issuance management of online car-hailing platform companies, vehicles, and drivers.

Taxi administrative departments shall regularly organize and conduct online ride-hailing service quality assessments, and promptly publish to the public the basic information of local online ride-hailing platform companies, the results of service quality assessments, and the handling of passenger complaints.

Taxi administrative supervisors, public security and other departments have the right to obtain and consult relevant data such as the registration, operation and transactions of online car-hailing platform companies within their jurisdiction according to management needs.

Article 30: Communications departments, public security, and cyber information departments shall, in accordance with their respective duties, investigate and punish online car-hailing platform companies for illegally collecting, storing, processing, and using relevant personal information, violating relevant regulations on Internet information services, endangering network and information security, and using online car-hailing service platforms to publish harmful information or providing convenience for enterprises, individuals, and other organizations to publish harmful information, and cooperate with the taxi administrative department to deal with online car-hailing platform companies that are found to have violated laws and regulations.

Public security organs and cyber information departments shall, in accordance with their respective duties, supervise and inspect the implementation of cyber security management systems and security protection technical measures, and prevent, investigate and punish relevant illegal and criminal activities.

Article 31: Departments of development and reform, pricing, communications, public security, human resources and social security, commerce, the People’s Bank of China, taxation, market supervision, and online information shall, in accordance with their respective duties, conduct relevant supervision and inspection of online car-hailing operations, and deal with illegal acts according to law.

Article 32 All relevant departments shall, in accordance with their duties, establish the credit records of online car-hailing platform companies and drivers, and incorporate them into the national credit information sharing platform. At the same time, the credit information such as administrative licenses and administrative penalties of online car-hailing platform companies shall be publicized on the national enterprise credit information publicity system.

Article 33: Taxi industry associations shall establish a list of online ride-hailing platform companies and drivers with bad records, and strengthen industry self-discipline.

Chapter VI, Legal Liability

Article 34: Anyone who violates these Provisions by engaging in online car-hailing business activities without authorization or in disguise, and commits any of the following acts, shall be ordered by the administrative department for taxis at or above the county level to make corrections, given a warning, and fined in accordance with the following provisions; if a crime is constituted, criminal responsibility shall be investigated according to law:

(1) Failure to obtain the "Online Booking Taxi Business License" shall impose a fine of not less than 10,000 yuan but not more than 30,000 yuan on the online car-hailing platform company;

(2) Failure to obtain the "Online Rental Car Transport Certificate" shall impose a fine of not less than 3,000 yuan but not more than 10,000 yuan on the parties concerned;

(3) Failure to obtain the "Online Rental Car Driver’s License" shall be punished with a fine of not less than 200 yuan but not more than 2,000 yuan.

Anyone who forges, alters, or uses a forged, altered, or invalid Online Booking Taxi Transport Certificate or Online Booking Taxi Driver’s License to engage in online car-hailing business activities shall be fined in accordance with the provisions of items (2) and (3) of the preceding paragraph.

Article 35: Where an online car-hailing platform company violates these Provisions and commits any of the following acts, the administrative department for taxis at or above the county level and the pricing department shall, in accordance with their duties, order it to make corrections and impose a fine of not less than 5,000 yuan but not more than 10,000 yuan for each violation; if the circumstances are serious, a fine of not less than 10,000 yuan but not more than 30,000 yuan shall be imposed:

(1) The service vehicle has not obtained the "Online Booking Taxi Transportation Certificate", or the online service vehicle is inconsistent with the offline service vehicle.

(2) The driver providing the service has not obtained the "Online Booking Taxi Driver License", or the driver providing the service online is inconsistent with the driver actually providing the service offline.

(3) Failure to ensure that the vehicle is in good technical condition as required.

(4) The origin and destination are not engaged in online car-hailing business activities in the licensed business area;

(5) Failure to report the relevant information of the vehicle and driver providing the service to the taxi administrative department where the service is located in accordance with regulations;

(6) Failure to formulate Service Quality Standards and establish and implement complaint reporting systems in accordance with regulations;

(7) Failure to provide shared information in accordance with regulations, or failure to cooperate with the taxi administrative department in retrieving and consulting relevant data information;

(8) Failure to fulfill management responsibilities, and serious violations of relevant national operating service standards such as dumping customers, deliberately detouring, and illegally charging fees.

If an online car-hailing platform company no longer has the ability to provide online and offline services or has committed serious illegal acts, the administrative department for taxis at or above the county level shall order it to suspend business for rectification and revoke relevant licenses in accordance with the relevant provisions of relevant laws and regulations.

36th Article: Where an online ride-hailing driver violates these Provisions and falls under any of the following circumstances, the administrative department for taxis at or above the county level and the pricing department shall order them to make corrections according to their duties, and impose a fine of not less than 50 yuan but not more than 200 yuan for each violation:

(1) Dumping passengers on the way or deliberately taking a detour;

(2) Illegal charges;

(3) Acts of retaliation against passengers who report, complain about the quality of their services, or make unsatisfactory evaluations of their services.

If an online taxi driver no longer has the conditions for employment or has committed serious illegal acts, the taxi administrative department at or above the county level shall revoke or revoke the license certificate in accordance with the relevant provisions of relevant laws and regulations.

The information on administrative penalties for online ride-hailing drivers is included in the credit records of drivers and online ride-hailing platform companies.

37th Article: Where an online car-hailing platform company violates the relevant provisions of Articles 10, 18, 26, and 27 of these Provisions, it shall be punished by the network information department, the public security organ, and the communications department according to their respective duties in accordance with relevant laws and regulations; if it causes losses to the information subject, it shall bear civil liability according to law; if it is suspected of committing a crime, it shall be investigated for criminal responsibility according to law.

Online ride-hailing platform companies and online ride-hailing drivers who illegally use or disclose the personal information of ride-hailing people and passengers shall be fined not less than 2,000 yuan but not more than 10,000 yuan by the public security, online information and other departments in accordance with their respective duties; if losses are caused to the information subject, they shall bear civil liability according to law; if suspected of committing a crime, they shall be investigated for criminal responsibility according to law.

If an online car-hailing platform company refuses to perform or fails to provide technical support and assistance for the public security organs to carry out national security work according to law, prevent or investigate illegal and criminal activities, it shall be punished by the public security organs according to law; if a crime is constituted, criminal responsibility shall be investigated according to law.

Chapter VII, Supplementary Provisions

Article 38: Private passenger car sharing, also known as carpooling and ride-sharing, shall be implemented in accordance with the relevant provisions of the city people’s government.

39th, when the mileage of the network car reaches 600,000 kilometers, it will be forcibly scrapped. When the mileage does not reach 600,000 kilometers but the service life reaches 8 years, it will withdraw from the network car business.

Small and micro non-operating passenger cars registered as scheduled rental passenger transportation will be scrapped according to the online car-hailing scrapping standard. Other small and micro-operating passenger cars registered as scheduled rental passenger transportation will be scrapped according to the standards reached first in the scrapping standards for operating passenger cars of this type and the online car-hailing scrapping standards.

The relevant departments of the people’s governments of provinces, autonomous regions and municipalities directly under the Central Government shall formulate specific regulations on the scrapping standards for online car-hailing in light of local actual conditions, and report them to the departments of commerce, public security and transportation of the State Council for the record.

Article 40 These Measures shall come into force on November 1, 2016. All localities may formulate specific implementation rules in accordance with these Measures in light of local actual conditions.

Yingkou Haval Xiaolong MAX is on sale! The discount is 0.6 million. If you miss it, you won’t have it.

In car home Yingkou preferential promotion channel, it is in progress. As a highly regarded model, the price of Haval Xiaolong MAX in Yingkou area has also ushered in a discount. At present, the maximum discount of Haval Xiaolong MAX has reached 6,000 yuan, and the minimum starting price is 153,800 yuan. If you are interested in this model, you may wish to click "Check the car price" in the quotation form to get a higher discount.

The design of Haval Xiaolong MAX is fashionable and dynamic. The front face adopts a unique family-style design language, and the air intake grille is decorated with a large area of chrome, showing a sense of luxury and sportiness. The body lines are smooth and the overall style is fashionable, showing a strong sense of personality and strength. The headlight group adopts LED light source, which has high brightness and long service life. The combined design of far and near light groups makes the vehicle safer when driving at night. The side lines of the car body are smooth, and the hub is designed in a multi-spoke way, with the black wheel arch, showing the sporty temperament of the car. The tail design is simple and generous, and the taillight group adopts blackened design, which echoes the front face and makes the whole vehicle more harmonious. Generally speaking, the design of Haval Xiaolong MAX is fashionable and full of sense of strength and movement, which is very in line with the aesthetic needs of young people.

Haval Xiaolong MAX is an impressive SUV with a length * width * height of 4,758 * 1,895 * 1,725mm and a wheelbase of 2,800mm, which provides spacious and comfortable seating space for passengers. The side lines of the car body are smooth, showing a steady and dynamic style. The front and rear wheel tracks are 1626 and 1630 mm respectively, which makes the handling performance of the vehicle more stable. In addition, the car is equipped with 235/55 R19 front and rear tyre size, which provides excellent grip and driving stability for drivers. The rim design is fashionable, which highlights the sporty atmosphere of Haval Xiaolong MAX. Generally speaking, the side design of Haval Xiaolong MAX is both aesthetic and practical, bringing extraordinary driving experience to drivers and passengers.

Haval Xiaolong MAX’s interior design is stylish and simple, with a leather steering wheel, which feels comfortable. The 12.3-inch central control screen has a large size and clear display, and supports the voice recognition control system of multimedia, navigation, telephone, air conditioner and skylight, which is easy to operate. The front and rear rows are equipped with USB and Type-C interfaces for easy charging. The seat is made of imitation leather, and the front and rear adjustment, backrest adjustment and height adjustment (2-way) are supported by the main and co-pilot seats. The front seats are also equipped with heating function to provide a more comfortable ride experience. The second row of seats supports backrest adjustment, and the rear seats can be laid down in proportion, which increases the flexibility of storage space. Generally speaking, the interior design of Haval Xiaolong MAX pays attention to practicality and comfort, which provides a better driving experience for drivers and passengers.

Haval Xiaolong MAX is equipped with a 1.5L 116 horsepower four-cylinder engine, which has a maximum power of 85kW and a maximum torque of 140 N m.. At the same time, it is also equipped with a 2-speed DHT gearbox, which makes driving smoother. This engine not only has excellent power performance, but also provides an efficient and energy-saving driving experience, bringing more convenience and comfort to your daily travel.

The design of Haval Xiaolong MAX is undoubtedly one of its highlights, which has been appreciated by many car owners. As the owner of car home said, the proportion of gold body makes the body lines beautiful, and the appearance is atmospheric and fashionable. Hawkeye headlights are not only visually attractive, but also provide good lighting effect when driving at night, which makes drivers feel more at ease. The flash drill taillights show ingenious design in details and become a beautiful landscape at the rear of the car. Generally speaking, the design of Haval Xiaolong MAX is undoubtedly a great weapon to attract consumers. Whether on urban roads or in the suburbs, it can attract the attention of many passers-by.

Geely xingrui l／xingyue l zhiqing edition officially went on sale for 126,700 yuan.

[Aika Auto Domestic New Car Original]

On December 3rd, Geely’s flagship models, China Star Series, Xingrui L and Xingyue L Intelligent Engine Edition, were officially launched, and both new cars were equipped with China Xingzhi Engine-Oil Mixing System.Xingrui L Zhiqing has pushed three versions, with a price range of 12.67-14.67 million yuan; Xingyue L Zhiqing has launched two versions with a price range of 16.77-17.77 million yuan., and provide Tiangong optional package.

Xingrui l zhiqingbancar make and modelGuide price (ten thousand yuan)Xingyun Edition 12.67 Xinghe Edition 13.67 Tiangong Edition 14.67 Aika Auto Network Watchmaking www.xcar.com.cn Xingyue l zhiqing editioncar make and modelGuide price (ten thousand yuan)Xinghe Edition 16.77 Tiangong Edition 17.77 Aika Auto Network Watchmaking www.xcar.com.cn

From now on, the purchase of Xingyue L Zhiqing can enjoy the free use right of NOA intelligent navigation assistance system for 2 years (free for the first owner); Before December 31, heavy replacement rights and interests will be introduced for Geely’s old users, and the replacement subsidy will be 10,000 yuan; Before 24: 00 on February 9, 2024, you can enjoy the New Year’s red envelope benefit of 3,000 yuan when you buy the models of Xingrui L Zhiqing Edition and Xingyue L Zhiqing Edition.

Xingrui L Zhiqing adopts a brand-new design language, and the front face of the new car is equipped with a waterfall grille to create a more three-dimensional full, exquisite and profound front face shape. The headlights on the left and right sides can realize the functions of water steering, light show, car search, welcome and farewell. The side lines of the car body are smooth and slender, and the rear part adopts a new penetrating taillight with 280 light sources, which makes it light up better. At the same time, Xingrui L Zhiqing has a brand-new exclusive car color "Qingshan Purple". In terms of body size, the length, width and height of the new car are 4825*1880*1469mm and the wheelbase is 2800mm respectively.

The interior design style of the new car is simple and bright, and the brand-new "white+purple contrast color" design style is used. The highlight trim strips in the car are extended to both sides, which extends the visual width of the overall interior, and with double large screens, it creates an experience of combining exquisiteness with a sense of technology. There is an electronic blocking mechanism on the back of the multifunctional steering wheel. These changes make the armrest platform have a larger storage space, and it is also equipped with a mobile phone wireless charging unit.

As a modified model, Xingyue L Zhiqing also adopts the design concept of "Mountain and Sea Universe". The front face is replaced with a new style of front grille, and the interior is decorated with straight waterfall elements, making the overall shape more stable. The side shape of the car body has not changed, but it has been replaced with a new style of wheels, which highlights the texture. The rear of the car uses a penetrating taillight, and the overall shape is very atmospheric. At the same time, Xingyue L also has a brand-new "Haoyue White" body color scheme.

In terms of interior, the Star Yue L Smart Engine continues the design of the existing Star Yue L, and the "Oriental White" cockpit composed of white and gray contrasts has a very warm and elegant interior atmosphere. The super-large screen composed of three large screens is the highlight of the interior, which is amazing. At the same time, the car is equipped with a 25.6-inch AR-HUD augmented reality head-up display system. In addition, the new car is also equipped with L2 intelligent driving assistance system, and NOA intelligent navigation assistance is optional.

In terms of power, both cars are equipped with a 1.5T four-cylinder hybrid engine with a maximum power of 120kW(163 HP) and a peak torque of 255Nm. The engine is matched with a 3-speed DHT gearbox. P1 motor has a maximum power of 60kW and a maximum torque of 180Nm, and is mainly responsible for power generation and start-up; P2 motor has a maximum power of 100kW and a peak torque of 320Nm, and is mainly responsible for driving and kinetic energy recovery. The comprehensive fuel consumption of Xingrui L intelligent engine is 4.22L/100km, and the acceleration of 0-100km/h is 7.5 seconds; The comprehensive fuel consumption of Xingyue L intelligent engine is 4.79L/100km, and the acceleration of 0-100km/h is 7.9 seconds.

Editor’s comment: The launch of Geely Xingrui L Intelligent Engine and Xingyue L Intelligent Engine has realized the joint intelligent engine matrix of Geely’s SUV+ sedan, further consolidating the advantages of Geely Automobile in the fuel vehicle market.

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Lei Jun’s annual speech ＂car content＂ is insufficient, and Xiaomi’s car-making progress has become a mystery？

"What about the car? What about the car? " In the voice of netizens, Lei Jun’s fourth annual speech came to an end. After more than three hours of speech, Lei Jun talked about entrepreneurship from studying, and from dreams to growth. Xiaomi’s folding screen mobile phones, tablet computers, robot dogs and other products took turns to appear, but the Xiaomi car business that the public paid attention to was too "stingy", which was rarely mentioned in this speech.

Image source: Xiaomi

From 2021, Xiaomi announced a high-profile investment of $10 billion in 10 years to build a car. Up to now, the goal of mass production of Xiaomi Automobile in the first half of 2024 may be less than half a year. It stands to reason that Xiaomi automobile should start to build momentum now, but Xiaomi has always maintained a relatively low-key attitude.

We can only piece together the vague figure of Xiaomi car from some sporadic fragments.

Xiaomi car, emerging.

At the media conference call in May this year, Lu Weibing, partner and president of Xiaomi Group, said that Xiaomi’s car has entered the accelerated stage of R&D. Summer and winter tests will be conducted respectively this year, and Xiaomi will be listed in the first half of next year as originally planned.

The appearance of the first model of Xiaomi Automobile is a test for the whole Xiaomi Group. As the time of the big exam approaches, still hiding half her face from us behind her guitar’s Xiaomi automobile gradually unveils its mystery.

In the last link of Lei Jun’s speech, "One More Little Thing", I thought that some eggs of Xiaomi car would be released, but I didn’t expect Xiaomi’s second-generation robot dog "Iron Egg" to appear. Robot dogs and smart cars are not all in common.

Image source: Xiaomi

In fact, for example, Tucki once launched a rideable intelligent robot horse, and Tesla even advertised itself as an artificial intelligence robot company. Optimus, a humanoid robot of Tesla, which has attracted much attention, is expected to conduct a walking test in November this year, and plans to conduct a practical test in the Tesla factory next year.

Lei Jun said that the perception system of Iron Egg is similar to the current smart car perception system, and some AI algorithms adopted by Iron Egg are also of the same origin as the automatic driving algorithm of smart cars. For example, Iron Egg 2 is equipped with 19 cameras and sensors such as lidar.

Based on the current business layout of Xiaomi, we can make some reasonable speculations about the product form of Xiaomi smart electric vehicle.

First, in terms of autonomous driving, "enter the first camp in the autonomous driving industry in 2024 and strive to enter the top five in the world within 15 to 20 years", which is the goal set by Lei Jun for the autonomous driving of Xiaomi Automobile. In August last year, Xiaomi released a demo video of Xiaomi’s self-driving. As far as the video is concerned, it shows that Xiaomi’s self-driving technology has reached L2+’ s assisted driving ability, and it has also performed well in urban assisted driving. It is reported that Xiaomi has invested 3.3 billion yuan in the first phase of autonomous driving.

Xiaomi may adopt a lidar fusion sensing scheme. According to the previously exposed spy photos of Xiaomi cars, there are related components suspected of lidar. According to the network transmission, the new car of Xiaomi’s first model will be based on a hybrid solid-state radar AT128, and several all-solid-state radars will be used as blind-compensating radars.

The second is equipped with MIUI car. There are cases of Huawei and Meizu in the front, and mobile phone manufacturers have shown great advantages when building cars across borders. It seems a matter of course that MIUI gets on the bus, and Xiaomi’s MIUI car version may be an important selling point.

Then there is big model empowerment. At the speech site, Lei Jun revealed that in April 2023, Xiaomi formed a big model team and embraced the big model in an all-round way.

Image source: Xiaomi

The main breakthrough direction of Xiaomi big model technology is lightweight and local deployment. Let users not only have data security, but also have the advanced productivity of large models. Lei Jun revealed that Xiaomi upgraded the big model to Xiao Ai and started the invitation test. Xiaomi has run through the Demo on the mobile phone side, and some scenes of the big model on the mobile phone side are comparable to the cloud.

At present, Baidu, Geely, Guangzhou Automobile, etc. have demonstrated their own large-scale model planning and products, and have made some achievements in the aspects of large-scale model empowering intelligent cockpit voice interaction. The large-scale model has considerable expectations for the improvement of automobile intelligence, and Xiaomi has laid out large models, which may become a plus item for Xiaomi Automobile.

"AI is the future productivity, and it must and must be fully empowered. It is also the bottom track for Xiaomi’s long-term continuous investment." Lei Jun said.

In terms of electrification, there is also some information exposure on the Internet.

A few days ago, a group of photos suspected of Xiaomi car battery pack information circulated. According to the picture information, the battery pack has a capacity of 101kWh and a weight of 642kg. The rated voltage is 726.7V, and the rated capacity is 139Ah. This battery is Contemporary Amperex Technology Co., Limited’s Kirin battery. If it is true, it can be predicted that Xiaomi will be equipped with 800V platform.

Image source: Network

In June 2022, Contemporary Amperex Technology Co., Limited released CTP3.0 Kirin battery. According to reports, the system energy density of Kirin battery reaches 255Wh/kg, which can achieve 1000 km battery life; The system integration reached a new high in the world, and the volume utilization rate exceeded 72%. Kirin battery also adopts the battery core large-area cooling technology, which can support 5-minute fast hot start and 10-minute fast charge. In April this year, Contemporary Amperex Technology Co., Limited and LI signed a comprehensive strategic cooperation agreement, officially announcing that 4C Kirin battery made its world debut as the first ideal pure electric vehicle.

In addition, in this speech, when Lei Jun introduced Xiaomi MIX Fold3, he mentioned that almost all smart electric vehicles are equipped with wireless charging, so Xiaomi MIX Fold 3 will also be equipped with wireless charging. It is reasonable to speculate that Xiaomi car will be equipped with wireless charging function.

Everything is ready, cost-effective as the key link?

The soldiers and horses did not move, and the food and grass went first. Although Xiaomi Automobile has not been officially listed, Xiaomi Group has started intensive preparations in terms of organizational structure adjustment and capacity channel construction.

Since the beginning of this year, there have been a series of changes in high-level positions within Xiaomi, revealing that Xiaomi is preparing for the full sprint. Including Huang Zhenyu, vice president of the automobile department, who is also the general manager of the supply chain department of the automobile department, replacing Li Xiaoshuang, vice president of Xiaomi automobile department who was in charge of the supply chain before, and Li Xiaoshuang will also be the general manager of the marketing department of the automobile department.

In terms of capacity building, according to Xiaomi’s plan, the automobile factory will be built in two phases. The first phase covers an area of nearly 720,000 square meters, with an estimated annual production capacity of 150,000 vehicles. The second phase is planned to start in 2024 and be completed in 2025.

It is reported that the main factory of the first phase of Xiaomi Auto Yizhuang Factory has been completed. However, what is embarrassing is that the current qualification of Xiaomi Automobile is still a mystery. Previously, it was rumored that Xiaomi Automobile will undertake the qualification of Beijing Baowo Automobile Co., Ltd. However, Beijing Baowo Automobile Co., Ltd. applied for cancellation of automobile production qualification on its own in the fourth part of Road Motor Vehicle Production Enterprises and Products (the 371st batch) issued by the Ministry of Industry and Information Technology. In what way Xiaomi will land, it is still a problem, but the market generally believes that the qualification of building a car will not be a problem for Xiaomi.

In terms of channel construction, more than 10,000 Xiaomi homes, Xiaomi specialty stores and Xiaomi experience stores have completed comprehensive coverage from first-and second-tier cities to third-and fourth-tier cities. For the delivery center, a person familiar with the matter quoted the feedback from the dealer group. Xiaomi Automobile has started the screening of the delivery center at present. It also revealed that many people from Xiaomi Automobile come from the world and will adopt the operation mode of Xiaomi mobile phone franchise store+delivery center+authorized car body painting center.

Everything is ready, just waiting for the car to go on the market, users are most concerned about the price of Xiaomi’s first model.

At the beginning of January this year, some media broke the news that Xiaomi’s first new car would be divided into two versions. Among them, the low-priced version costs 260,000-300,000 yuan, and the high-priced version costs more than 350,000 yuan. However, in June, Xiao Ai revealed that Xiaomi’s first pure electric vehicle will be divided into standard version and pro version, with prices starting from 149,900 yuan and 179,900 yuan respectively, when answering users’ questions about the configuration and price of Xiaomi’s car. At that time, it caused a heated discussion. Wang Hua, the head of Xiaomi’s public relations, quickly responded that the news was untrue, indicating that the information was a conjecture reported by the media in May 2022, and Xiao Ai directly retrieved the information.

In a previous live broadcast, Lei Jun revealed that the first model will be positioned in the middle and high end, and will use the cutting-edge technology and cutting-edge level at the time of delivery, and the price is likely to be 100,000-300,000 yuan. In fact, if Xiaomi’s first car really uses laser radar, 800V platform, and Contemporary Amperex Technology Co., Limited’s Kirin battery and other product technologies, the price is almost predictable and will not be very cheap.

However, this may not match the expectations of users.

Cost-effective is Xiaomi’s big move. In this annual speech, Lei Jun made it clear that Xiaomi takes cost-effective as the key link. The reason why most users choose Xiaomi electronic products may be because of its extreme cost performance, and not too expensive is a pre-requirement.

For cars, Lei Jun once initiated a Xiaomi car pricing vote. Among the 17,000 people who participated in the voting, the number of people who chose less than 100,000 was the most, followed by 100,000-150,000, and the number of people who chose more than 300,000 was the least.

Undoubtedly, Xiaomi also wants to reverse the image of the group. In the annual speech, Lei Jun himself raised a question: "Some people say that the brand image of Xiaomi has solidified, can it be made into a high-end?" Lei Jun’s response to this is: "We officially set’ high-end’ as the group strategy! It is reported that Xiaomi’s high-end exploration for more than three years has cost tens of billions of investment.

The listing of Xiaomi Automobile may also be a key link to reverse the image of Xiaomi Group, but it may need to bear the impact on sales and profitability.

Burn money, or burn money

In fact, although Xiaomi’s car security work is quite good, it can be seen from all kinds of exposed information that Xiaomi’s car may be close at hand. All this does not come out of thin air, and it will inevitably cost Xiaomi Group a lot of money and energy.

Recently, Shanghai Tongyu Automobile Technology Co., Ltd. has undergone industrial and commercial changes, adding Xiaomi’s Beijing Xiaomi Zhizao Equity Investment Fund Partnership (Limited Partnership) as shareholders. Tongyu Automobile mainly focuses on the research and development and industrialization of key technologies of the next-generation drive-by-wire chassis. The product layout is brake-by-wire system, steering-by-wire system and advanced driver assistance system, involving products such as electro-hydraulic braking system EHB, braking energy recovery system and automatic emergency braking system.

Xiaomi Zhizao Fund, established in September 2021, mainly focuses on the upstream supply chain of new energy vehicles, next-generation information technology, intelligent manufacturing, new materials, consumer electronics and other enterprises related to the company’s industrial chain.

Xiaomi has invested heavily in the industrial chain. In terms of autonomous driving, in August 2021, Xiaomi spent 77.37 million US dollars to acquire all the shares of DeepMotion Technology, an autonomous driving technology company, which mainly provides full-stack software solutions including perception, positioning, planning and control for advanced assisted driving systems and autonomous driving applications. In terms of chips, in September 2021, Xiaomi Changjiang Industry Fund invested in Black Sesame Intelligence. In terms of power batteries, Xiaomi Automobile, a number of battery upstream enterprises such as Weilan New Energy, Zhongchuang Singapore Airlines, Ganfeng Lithium Battery and Honeycomb Energy, has taken shots.

Xiaomi, who is a little late in the game, wants to build a huge automobile production and research system in a short time, and throwing money wildly is the fastest way.

However, Xiaomi’s financial performance is not very optimistic.

This year’s first-quarter financial report of Xiaomi Group shows that the total revenue and adjusted net profit of Qi in the first quarter were RMB 59.5 billion and RMB 3.2 billion respectively. Gross profit was 11.6 billion yuan, a year-on-year decrease of 8.8%. R&D expenditure is 4.1 billion yuan, of which innovative business expenses such as smart electric vehicles are 1.1 billion yuan. In 2022, the research and development cost of Xiaomi Automobile was 3.1 billion yuan.

Image source: Xiaomi performance announcement

Last year, Xiaomi achieved a total revenue of 280 billion yuan and an adjusted net profit of 8.5 billion yuan. Both revenue and gross profit declined year-on-year. However, affected by Xiaomi’s efforts to cut costs, Xiaomi’s adjusted net profit turned positive in the first quarter, increasing by 13.1% year-on-year to 3.2 billion yuan. In addition, Xiaomi’s high-end strategy has gradually achieved results. As Xiaomi has increased the proportion of mid-to high-end mobile phone shipments, the Group’s gross profit margin has reached a new high of 19.5%.

Continued blood transfusion for the car-making business will undoubtedly affect Xiaomi’s profit performance. Not only that, Xiaomi also has projects that require a lot of human capital, such as self-developed chips and AI models.

Not long ago, Xiaomi was cheated by India. On June 9, the Indian Law Enforcement Bureau issued a document saying that Xiaomi was suspected of violating India’s Foreign Exchange Control Law and "illegally transferring funds to foreign entities", and the bureau had issued a formal notice to Xiaomi related companies and banks. This means that the millet that India has previously detained totaled 55.51 billion rupees, or nearly 5 billion yuan, or it was squandered. This defeat in India will also affect Xiaomi’s layout at home and abroad.

In this context, Xiaomi Group still hasn’t cut its investment. Lei Jun revealed that Xiaomi Group has laid out 12 technical fields and 99 subdivided tracks, and will invest 100 billion yuan in technology in the next five years.

I have to sigh, boss lei is very angry.

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When talking about the experience of studying at the beginning, Lei Jun shared an experience: No matter what problems you encounter, others may have encountered them, solved them, and even have standard answers. You just need to ask someone.

Although there have been a group of "predecessors" who have opened up a world in the fields of power generation, intelligent driving and intelligent cockpit, there are also a group of "martyrs" who have fallen on the way forward. The development of intelligent electric vehicles is still in an early stage, and there is no absolute winner now. In the second half of intelligence, there is no standard answer for reference.

In today’s smart electric market, it is not easy for Xiaomi to find a broad road. However, let’s end with a sentence from Lei Jun: people are great because of their dreams, and they grow up because of their persistence in their dreams.

Image source: Xiaomi

The important thing is, please let Xiaomi Automobile release more official news and satisfy the public’s curiosity first.