After experiencing a sustained sales slump in April and May, NIO’s second-quarter performance unexpectedly bottomed out again.

On August 29, NIO released the second quarter financial data show that the second quarter NIO operating income 8.77 billion yuan, less than the market expected 9.254 billion yuan, down 14.8% from last year, down nearly 20% from the first quarter of this year.

In terms of car sales, directly affected by the failure to control the rhythm of product replacement in April and May, NIO’s sales in the second quarter were 23,500 vehicles, down 6.1% year-on-year and 24.2% month-on-month. This is also the lowest quarterly sales of NIO since the second quarter of 2021.

With the decline in revenue and the continued expansion of R & D costs, NIO’s gross profit in the second quarter was only 87 million yuan, a decrease of 93.5% compared with the second quarter of 2022, and the same "halving" compared with Quarter 1 this year. In the second quarter of this year, NIO’s overall gross profit margin has declined to 1%, compared with 13% in the same period last year.

In the contrast of Li Auto has turned losses into profits for three consecutive quarters, NIO’s net loss is further expanding. Data show that NIO’s net loss in the second quarter was 6.056 billion yuan, an increase of 119.6% over last year and a month-on-month increase of 27.8%.

As of June 30, 2023, NIO cash reserves were 31.50 billion yuan, a decrease of 6.30 billion yuan from the first quarter. According to Horizontal comparison, Li Auto and XPeng Motors cash reserves were 73.77 billion yuan and 33.74 billion yuan respectively.

NIO CEO Li Bin said at the previous financial results meeting that in the first and second quarters of this year, new product launches affected the company’s operating cash flow. After that, some fixed asset investments and some R & D projects will be postponed, and in terms of going overseas, it will also focus on countries that have entered Europe. According to its estimates, with the rebound in sales in the third quarter, cash flow will improve.

In terms of cost expenditure, NIO R & D costs remained high, reaching 3.345 billion yuan in the second quarter, an increase of 55.6% year-on-year and 8.7% quarter-on-quarter respectively. The financial report pointed out that the increase in R & D expenses was mainly due to the increase in R & D personnel costs, equity incentive expenses, and the design and development of new products and new technologies.

NIO is the car company that invests the most in R & D projects among the "Wei Xiaoli" three. At present, NIO is simultaneously promoting the development of three car brands, and at the same time is conducting self-research on core components such as autonomous driving chips, batteries and motors.

Also in terms of sales expenses, NIO is also the one with the highest expenditure among the three new forces. As a user-oriented enterprise, NIO invests a lot in power replacement, sales channels, user maintenance, etc., which also leads to the problem of high operating costs for a long time.

Data show that NIO sales, general and administrative expenses reached 2.857 billion yuan in the second quarter, an increase of 25.2% and 16.8% year-on-year and quarter-on-quarter respectively. In comparison, Li Auto and XPeng Motors’ sales expenses were only 2.31 billion yuan and 1.54 billion yuan respectively.

NIO will further increase its sales staff to meet the need to sell seven to eight models simultaneously, Mr. Li said on a second-quarter earnings call, adding that channel sinking remains an urgent task.

"Since July, we have started to comprehensively improve our sales capacity. The goal is to lock in the sales capacity of 30,000 vehicles per month. The construction of this sales capacity will be completed by the end of September, and the results of the sales capacity building will gradually appear from October. In the lower-tier market, we hope that more experienced sales personnel can join."

Under the premise that these rigid expenses are difficult to compress, NIO needs to sell more cars and maintain a stable cash flow more urgently than other car brands. If the operating rhythm is wrong and there is a sales crisis, the cost of advance planning for forward planning may drag NIO into crisis again.

In the second quarter of this year, NIO was once in a dangerous moment. Fortunately, with the launch of ES6 and ET5T new cars, NIO returned to the "10,000-car club" in June. In July, NIO maintained its growth momentum, and the monthly delivery exceeded 20,000 for the first time, finally breaking the curse of "Wei 10,000".

According to the latest weekly report released by Li Auto, the cumulative delivery volume of NIO from August 1st to August 27th is 16,000. NIO sales in August will likely exceed 20,000 again.

However, according to NIO’s guidance for the third quarter, the number of vehicles delivered in the third quarter is between 55,000 and 57,000. This means that NIO’s average deliveries in August and September were between 17,300 and 18,300 vehicles. If NIO wants to achieve its goal of 250,000 vehicles for the whole year, it needs to sell at least 110,000 vehicles in the fourth quarter.

Li Bin pointed out that sales reached 20,000 in July, in part due to the decline in power exchange rights.Users who have rigid demand for power replacement will be released in advance. The preferential policy for power replacement ended in August, and it will take some time for orders to return to normal levels.

"The good news is that the number of test drives currently exceeds a record high, reaching about 10,000 every weekend, but it will take time from test drives to order conversion. In addition, considering the macroeconomic and external economic environment, we have comprehensively formulated this guideline target." Li Bin revealed that the next step will be to accelerate the conversion of orders through more channel coverage and sales capacity enhancement.

According to Li Bin’s estimate, NIO is selling ET5, ET5T, ES6 and EC6 will be listed in September, the sales of the four models are expected to reach 15,000 to 20,000, superimposed on the remaining models to increase sales, and monthly sales are confident to stabilize at more than 20,000.

With deliveries recovering, NIO expects third-quarter revenue to reach 18.90 billion yuan to 19.52 billion yuan, an increase of 45.3% to 50.1% year-on-year, the highest revenue guidance in history. From the guidance, NIO hopes to achieve a "bottoming out" in the third quarter.

NIO CFO Feng Wei said during the earnings call that NIOThe third quarter cash flow will be significantly improved, achieving double-digit gross margins, and the fourth quarter gross margin is expected to reach 15%.

It is worth mentioning that the NIO brand will not deliver new products next year, but there will be regular modifications. Alps will release the first product in the second half of next year. The test car has been rolled off the production line, and the second car of the brand is also under development.

In addition, the NIO phone will be released in late September this year. Li Bin believes that,The launch of NIO mobile phones will help increase the competitiveness of NIO models and better match the demand for mobile devices.

In terms of external cooperation, Li Bin revealed that he is initially discussing the cooperation of next-generation power stations and battery packs with external automobile companies. "Entering the power exchange network requires the re-development and transformation of the car, which is a major decision for the car company and requires time (consideration). "

(This article has been updated.)

　　The aftershocks of the Berlin conference have not yet dissipated, and Huawei held a domestic new product launch conference in Shanghai. In addition to the well-known protagonist Mate 7, the AscendG7 and the sapphire version of the AscendP7 were launched simultaneously. Although Shanghai has been rainy recently, the atmosphere at the conference site is hot and dry. Although the products are the same, this domestic conference will undoubtedly allow users to have a deeper and closer understanding of the three models of Mate 7/G7/Sapphire version AscendP7 due to the help of many pollen and many highlights detailed in Chinese throughout the process. Of course, more importantly, the domestic listing prices of the three machines were also announced at the end.

HuaweiAscendMate7Shanghai press conference site

　　AscendMate7It is the focus of Huawei’s products this year. It has reduced the thickness of the 6-inch screen to less than 8mm for the first time, and has become the thinnest model of the current 6-inch screen product. In addition, the addition of the new HiSilicon Kirin K925 octa-core processor, the operating platform of EmotionUI 3.0, the LTE network advantages of Cat6 technology, and the press-type fingerprint sensor adopted by Huawei for the first time give the AscendMate 7 itself more competitive advantages. Another strategy was also announced at the meeting. In November this year, a dual-system public beta will be held. In the future, everyone can quickly switch on the AscendP7 with one click to experience two different operating pleasures.

Gold high-end version Huawei AscendMate 7

HuaweiAscendMate7 two versions domestic price

　　As for the price, unlike the foreign prices of 499 euros and 599 euros announced in Berlin, the domestic price is more realistic. The standard version of Huawei AscendMate 7 (2GBRAM + 16GBROM) is priced at 2999 yuan; the high-end version (3GBRAM + 32GBROM) is priced at 3699 yuan. According to the on-site staff, the high-end version of Huawei AscendMate 7 color scheme is the gold version, while black and white belong to the standard version, which may need to be considered when purchasing in the future.

[China Network, Industry]

On the other hand, after experiencing a wave of Internet car building, many technology companies have chosen a more rational cooperation situation. At this point, Avita Technology Co., Ltd. was born, aggregating the resource advantages of Changan Automobile, Huawei, and Ningde Times, and becoming the most talked-about new brand.

On November 5, Avita Technology, a subsidiary of Changan Automobile, completed the first round of strategic financing and introduced three new strategic investors in the form of a consortium, with a total amount of 2.42 billion yuan. It is currently awaiting the final approval of the relevant departments of the state market supervision. If it goes well, the Ningde Times Consortium will hold 28.99% of the shares and become the second largest shareholder of Avita Technology.

　Compared with Dongfeng’s Landmap and BAIC’s Extreme Fox, despite the successful exploration of the UNI series, Changan’s high-end brand seems to have come a little late. In fact, Avita’s predecessor was Changan NIO, which was jointly established as early as 2018. The joint venture project has not made significant progress since its birth. On May 20 this year, Changan Automobile announced that Changan NIO New Energy Vehicle Technology Co., Ltd. was renamed Avita Technology Co., Ltd.

According to the plan, Changan Automobile will focus on building the technology ecosystem of technology companies in the future, and accelerate the construction of software and intelligent capabilities. And Avita Technology will become its important carrier. It is not difficult to see the importance attached to it through the new partners re-selected by Changan Automobile.

As the main body of the company, Changan Automobile has rich experience in vehicle manufacturing, and Huawei’s intelligent solutions and CATL’s advantages in the field of energy management ecology will serve as a driving force for Avita Technology to accelerate its catch-up.

According to Tan Benhong, chairperson and CEO of Avita Technology, Avita Technology will soon start a round of financing, and there will be independent listing plans in the future. And this month, the specific development strategy of the brand will be released this month, and its first high-end smart electric vehicle will also be unveiled simultaneously. In the face of today’s high-end smart new energy field melee, whether Avita can come later or talk about the product and the market.

On June 21, we learned from the official that the new M7 Ultra has been listed for 20 days and will break through 30,000 units. As of June 30, it will be able to enjoy up to 35,000 yuan in car purchase rights. According to another set of data released by the official recently, the delivery of the new M7 Ultra in 18 days has broken through 10,000 units, creating a new power model delivery record in China. At the same time, the new M7 has become the first new power model with a delivery volume of 100,000 in 2024.

In terms of power, the new car is equipped with a power system composed of a 1.5T four-cylinder turbocharger and a Huawei drive motor, and provides two-wheel drive and four-wheel drive power options. Among them, the maximum power of the range extender is 112 kilowatts, and the maximum power of the rear axle drive motor is 200 kilowatts; the four-wheel drive model adds a drive motor with a maximum power of 130 kilowatts to the front axle. The new car has a comprehensive battery life of 1300km under full oil and full power under CLTC conditions, and a pure electric battery life of 240km. Under the feeding condition, the fuel consumption of 100 kilometers is 5.6L. The four-wheel drive version of the model is accelerated by 4.8s.

Lithium batteries have the advantages of high energy density, smaller and lighter size, and long cycle life. They have been widely used in 3C electronic products, new energy vehicles, energy storage, smart home appliances and other fields. According to the data released by the market research agency EVTank, the total global shipment of lithium-ion batteries in 2023 was 1202.6 GWh, an increase of 25.6% year-on-year. Among them, the shipment of lithium-ion batteries in China reached 887.4 GWh in 2023, an increase of 34.3% year-on-year, and the development momentum is very rapid.

Shenzhen Bike Power Battery Co., Ltd., as one of the pioneers in the lithium battery industry, has always been at the forefront of the industry, and has carried out a multi-layered layout for different market needs and application scenarios, forming a highly competitive new generation of product matrix. At present, Bike Power has strongly opened up four product lines: large cylinder, small power, polymer, and energy storage. Lithium battery technology and product performance have both broken through, and comprehensively helped to upgrade the "core" of smart life.

BAK large cylindrical battery, promising

The large cylindrical battery has become the new favorite of the industry due to its comprehensive performance, outstanding safety and adaptability to different chemical systems, and is regarded as the breaking point of the second curve of electric vehicle development.

Since the release of the full-pole ear large cylindrical battery in early 2021, BAK Battery has continued to lead in the research and development and marketization of large cylindrical battery technology, gaining high attention from the industry. In terms of product layout, BAK Battery has adopted a two-line strategy, with two core large cylindrical battery product lines, focusing on high-performance high-nickel + high-efficiency silicon products and high-cost-effective lithium iron phosphate + silicon and sodium-ion battery products. The energy density of the representative first-generation product will be above 280Wh/kg, while supporting 4C fast charging. It has not only seized new opportunities in the industry, but also made full preparations for challenges.

BAK Small Power, Performance "Core" Upgrade

Under the development trend of miniaturization and convenience of intelligent end points, the penetration rate of cordless intelligent end points is getting higher and higher. On the basis of the application characteristics of small power scenarios and the higher requirements for batteries, BAK Power continues to promote the optimization and adjustment of small power batteries at four levels: material selection, battery design, safety assurance and customer application. It has six advantages: high energy density, long cycle life, high magnification, fast charging, strong temperature adaptability and high safety.

At present, BAK’s small power cylindrical battery products cover two series of 18650 and 21700. The capacity has not only increased from 2.5Ah of 18650 to 5.8Ah of 21700, but also the volume specific energy density has been greatly improved. Now it has been widely adopted by well-known customers such as Philips, Meituan, Hello Travel, Midea, and Xiaomi. In the beginning of 2024, BAK Power once again announced the mass production of N21700CH-58E high-capacity batteries. This blockbuster new product adopts high nickel + silicon anode system, and the capacity of single cells has "soared" to 5.8Ah, once again refreshing the performance ceiling of small power cylindrical batteries.

BAK Polymer, Open Smart "Core" Life

The 5G era makes life more and more intelligent. BAK battery polymer lithium-ion batteries provide long-lasting and reliable power for smart homes and smart lives.

From 20mAh products to 10000mAh products, all support fast charging and high-rate discharge, and the application scenarios cover sports bracelets, Bluetooth headphones, handheld printers, drones, power tools and portable vacuum cleaners, making a better life within reach with reliable power.

BAK Energy Storage for Efficient Clean Energy

In recent years, many governments in China have successively issued energy storage industry support policies, ushering in a new upsurge in the market. In order to promote the wide application of efficient and clean energy, BAK Power Energy Storage Battery adopts a modular design and is equipped with an intelligent battery management system (BMS). It has the advantages of small size, light weight, long life, high temperature resistance, and support for high current discharge. It is widely used in household energy storage, industrial and commercial energy storage, UPS energy storage, energy storage power stations on all sides of the power grid, communication energy storage and various customized power supplies.

The four major product lines of BAK Battery not only meet the needs of applications in many fields, but also inject surging impetus into the high-quality development of customer enterprises. On the hot lithium battery track, BAK Battery has fully deployed four product lines, deeply explored the "new path" of development, and created a "new highland" for the lithium battery industry.

Wen Lan Zhan

After a long time, it began to come out!

After several bounces and twists and turns, Hengchi 5, the first model of Hengchi Automobile, finally opened the pre-sale on July 6, with a pre-sale price of 179,000 yuan. It can be said that this price is very sincere compared with the same class of cars.

It’s just that the new energy automobile circle seems to be particularly popular to compare, the former Yu Chengdong asked the world M7 is comparable to a million luxury cars, Li Xiang’s ideal L9 is the best home flagship SUV in 5 million, Xiaopeng G9 500,000 the best SUV, Hengda President Liu Yongzhuo also said that Hengchi 5 is the best pure electric SUV in 300,000 yuan.

From the product performance point of view, the performance of the Hengchi 5 is quite satisfactory. The new car is positioned in a compact SUV, and the closed air intake front grille is combined with the popular tear-eyed headlights to achieve a sense of strength on the side of the body.

The interior is available, and the new car is equipped with three screens, including a 10.25-inch instrument display, a 14.6-inch central control touchscreen, and a 10.25-inch passenger screen. The screen size and number also belong to the mainstream configuration of the same level.

As for the body size, the length, width and height of the new car are 4725/1925/1688mm, and the wheelbase is 2780mm. Although it is a compact SUV, the body length is longer than that of the average compact SUV.

From the perspective of the product strength currently leaked, the overall performance of Hengchi 5 is fair, especially the pre-sale price of 179,000 is still relatively lower than consumer expectations, so if the reputation of Hengchi Auto can be guaranteed and Hengda does not have a thunderstorm, there is basically no suspense in the "big sale" of the new car.

At present, in order to ensure that Hengchi 5 can be mass-produced and delivered while restoring consumer confidence, Hengchi 5’s sales method is also more interesting. The new car adopts the unique reservation method in the current car circle. Hengchi Automobile said that the first 10,000 buyers of Xiaoding can pay for the car at the time of delivery. At the same time, you can enjoy the return and refund within 15 days after picking up the car, and the 60% discount can be repurchased within three years after picking up the car. Dading 10,000 can be worth 15,000. Free to send H-Pilot intelligent auxiliary driving bag, lifetime free quality assurance and a series of benefits for the whole vehicle.

If all these can be realized, then it is undoubtedly very sincere for the first batch of car owners. Compared with the products of the same level of new car makers, it can be said to be cost-effective. In addition, Hengchi Automobile also said that all car purchase payments and returns are returned from the notary office’s special account to show that the special funds are dedicated.

The current problem is that Hengchi Automobile still lacks confidence in the consumer side. After all, whether it is Hengda’s thunderstorm in the real estate circle or Hengchi Automobile’s mass production has been delayed several times, it can be described as twists and turns. Therefore, despite Hengchi’s launch of very sincere products, pricing, and vehicles, it is difficult to say whether it will ultimately succeed.

If Hengda didn’t have a thunderstorm, under the blessing of Boss Xu’s "buy buy buy", Hengchi Automobile would develop steadily, and it would definitely become a typical representative of the new forces in the head of car manufacturing. But things are changing, and whether the belated Hengchi 5 can still gain market recognition remains to be seen.

Of course, on the other hand, since Hengchi 5 has been pre-sold, it also shows that Hengchi Automobile has taken another substantive step in the construction of cars, and with a very sincere price and policy, if the new car can be listed normally, it will also have a certain impact on the new forces of domestic car manufacturing. It is not impossible for Hengchi Automobile to become popular with Hengchi 5.

Write at the end:

Previously, Hengda Xu Jiayin said that the sales target of Hengchi Automobile in 2025 is 1 million vehicles, and the sales target in 2035 is 5 million vehicles, making it the largest and most powerful new energy vehicle group in the world. Now in just a few years, Hengchi wants to achieve this goal. I am afraid it will take more time, but fortunately, Hengchi 5 has come, and it has given a very sincere price and policy. It can be said that Hengda Group has poured all its efforts. We will continue to pay attention to the future performance of the new car.

(This article is originally produced by the New Media Editorial Department of [Car Industry], the author of this article is Jin Ling, and the source should be indicated when reprinting)

International Online Auto Channel News (Huang): Although the popularity of the domestic SUV market has subsided since May this year, and even there has been a year-on-year decline for several consecutive months, at the 16th Guangzhou Auto Show, new SUVs still account for half of the country. Among the many new SUV models, China FAW Hongqi’s first high-end C-class SUV – HS7, with its detached product positioning and unparalleled brand influence, has become the star of this auto show.

In recent years, independent brands have developed rapidly, and various brands have frequently launched products with higher positioning, and even high-end sub-brands have gradually emerged. However, the "infighting" of independent brands in the A-class and B-class markets is a norm that cannot be changed in a short period of time. There are both technical limitations and objective problems of relatively limited brand influence. In contrast, Hongqi HS7 is like a master who has completed "closed-door cultivation", and has the potential to "ascend to immortality" in the face of the more severe C-class luxury SUV market. The irreplaceable position of Hongqi brand in people’s hearts makes people look forward to Hongqi HS7 and helps China’s auto industry climb to a new peak.

The debut of Hongqi HS7 not only means the launch of the brand’s new strategic models, but also a concentrated display of the results of the new Hongqi brand strategy announced nearly a year later. Competitive products directly target many high-end imported cars, and Hongqi HS7 has also become the beginning of the struggle of Chinese auto brands in higher-level markets. In January this year, the brand strategy of Xinhongqi was released in the Great Hall of the People. As the eldest son of the Republic and a symbolic brand of China’s automobile industry, the new concept and new positioning conveyed by Xinhongqi instantly ignited the hopes of many viewers. From the release of the brand strategy in January to the launch of Hongqi H5 in April, and then to the debut of Hongqi HS7 in November, the pace of Xinhongqi’s progress was extremely brisk.

From a product perspective, the advent of Hongqi HS7 first enriched the product matrix of the New Hongqi brand, expanding the scale of product production and sales. At the same time, compared with the first model Hongqi H5 launched after the brand transformation, Hongqi HS7’s product positioning and technical level are more in line with the essence of the New Hongqi brand’s Chinese neo-noble refinement. There is no doubt that Hongqi HS7 is the best "spokesperson" of the New Hongqi brand at this stage, and the significance of the new car is also more profound.

On the basis of adhering to the concept of "Chinese New Noble Exquisite" of the New Hongqi brand, the Hongqi HS7 integrates the design concept of "Shang · Zhi · Yi". The straight waterfall air intake grille is larger than the Hongqi H5 in size, echoing the new interpretation of the Hongqi vertical standard, showing the noble temperament, and also showing the symmetrical beauty of Chinese aesthetics. In addition to the majestic shape, the core of the Hongqi HS7 is also ready to impact the C-class SUV market.

The 3.0L V6TD engine independently developed by China FAW with the highest level in China will become the "heart" of Hongqi HS7, with a maximum power of 248kW and a peak torque of 445Nm. It matches the Aisin 8-speed automatic transmission. Hongqi HS7 already has the foundation of not losing to international brands in terms of core power technology. At the same time, in terms of vehicle interconnection performance, Hongqi HS7 is also worth looking forward to. Although no specific information has been disclosed at the auto show, on November 6, Xu Liuping, chairperson of China FAW, said in Wuzhen: "Hongqi has begun to layout in the fields of electrification, intelligent networking, and mobile travel, and has made substantial progress." For the family’s flagship SUV products at this stage, Hongqi HS7 will naturally become the best carrier of the new Hongqi brand’s intelligent technology.

The "leapfrog" Hongqi HS7 has become a well-deserved masterpiece of Chinese SUV products in one fell swoop, and will also become a milestone worth remembering in China’s automotive industry at every node of exploring the higher-end market. With the ultimate quality, strong product force, deep brand connotation and intelligent "brain", Hongqi HS7 will surely become a breakthrough SUV product. Every step Hongqi HS7 takes in the market will powerfully drive the wheels of China’s automotive industry development. (Image source: FAW Hongqi)

　　Didi, which has been struggling to get back online for a long time, has turned its focus to the carpooling business. Since November 1, Didi has launched a new carpooling model in the Beijing area. Citizens who have not successfully carpooled will no longer enjoy the affordable "one price", but pay directly according to the real-time express price. This adjustment of the rules means that Didi will no longer provide subsidies to passengers who cannot carpool, but use price means to make more consumers accept the real carpooling business with a more shared nature.

　　Passengers have to pay more if the order is unsuccessful

　　Starting this month, when users open Didi’s taxi app, they will find that the first four options that appear on the software interface are express, simultaneous call, bicycle, and taxi. Click on the express option, select the destination, and a new "carpooling" interface will pop up. After checking, the carpooling pricing rules clearly state that "If you don’t get it, you will be priced in real time by express".

　　"In the past, no matter whether you can fight it or not, it was’one price ‘, saving money and worry. Now you can’t pick up cheap." On the morning of November 1, Mr. Guo, a citizen who often takes a taxi from Jiandemen to Chaoyang Park, discovered this new rule. The "pick up cheap" in his mouth is mainly before Didi adjusted the new rules. When citizens choose to carpool on some non-popular routes and off-peak hours, the system sometimes fails to match the carpooling order on the way, and passengers can enjoy express travel alone, but still charge according to the one-price carpool.

　　"The express train costs 37 or 38 yuan for the whole journey, and 25 yuan for carpooling can be done. Sometimes I can’t get on the bus alone, saving more than ten yuan. If I can’t get on the bus in the future, the cheap price of more than ten yuan will be gone!" Mr. Guo told reporters.

　　Didi’s customer service staff explained that before the rules were adjusted, regardless of whether the carpooling was successful or not, as long as "carpooling" was selected when placing an order, regardless of whether there was a traffic jam or not, it would be settled at the discounted price at the time of placing the order. After the adjustment, the carpooling needed to be successful to enjoy the discounted price. "Someone nearby needs to send a carpooling order at the same time, and they have to stop by to get together. If there is no shared order, the carpooling will fail." The customer service said.

　　The difficulty of carpooling has not been reduced, and the price is more affordable.

　　The reporter interviewed a number of users and found that for passengers who successfully carpool after placing an order, the price of carpooling is not only cheaper than that of express trains, but also lower than that of previous carpooling prices.

　　For example, the journey from Xiaoyueyuan in Lugou Bridge to Shougang Industrial Heritage Park is 14 kilometers, and the express train in the morning peak is close to 60 yuan. If the carpool is successful, the price will be 50 yuan, which is equivalent to about 15% off. After the rules are adjusted, the carpool price is about 34 yuan, which is 16 yuan cheaper than before. However, because there are multiple passengers paying the fare, the platform’s revenue will only increase.

　　After the rules are adjusted, is it more difficult to carpool? Many users said that it still feels easier to place an order, and it is easier to get a car during long distances during off-peak hours, when users can enjoy affordable "one price".

　　"I pulled seven carpooling orders this morning." Master Zhang, an express driver, said it was clear that the platform was sending more carpooling orders. He said that the number of carpooling orders was not related to the driver. "We just make money from the mileage, and the platform takes 25%."

　　"It doesn’t affect us much, but it’s time-consuming to take more detours to find passengers, and it’s easy to cause disputes. It’s easier to pull the express train." Express driver Master Liu told reporters that drivers are usually reluctant to take on carpooling business.

　　"The previous carpooling model’suffered a loss’ on the Didi platform." The driver, Master Jin, analyzed that whether it was spelled or not, the money given by the Didi platform was the amount of money from the departure point to the farthest destination. For example, if a passenger went from the News Building to Beiyuan, and a friend went from Chongwenmen to Datun, the fare given by the Didi platform to the driver was not the total amount of money for the two passengers, but the cost of the farthest distance from Chongwenmen to Beiyuan.

　　He believes that if the driver did not fight before, he would not suffer a loss, and only earn a little less mileage, but the platform "advanced" the money that was not spelled. After this adjustment, if the spelling is made, the platform can earn an extra order money, and the driver is still paid by the number of kilometers, so the platform "earns more".

　　Share into Didi’s profit breakthrough

　　Didi carpooling was launched in December 2015. According to the data released in April last year, the average daily order of Didi carpooling has exceeded 2.40 million yuan, becoming a typical representative of the sharing economy in the transportation field. More than 50% of passengers are willing to accept carpooling.

　　"The original intention of launching carpooling is to reduce users’ travel costs, reduce the rate of empty vehicles and improve travel efficiency by sharing seats in the car. This adjustment can better realize carpooling to share fares and reduce travel costs," Didi said.

　　According to industry analysis, after the implementation of the new carpooling regulations, Didi’s subsidies for the carpooling business will be greatly reduced, the enthusiasm of passengers for carpooling will also be higher, and the platform revenue is expected to increase significantly. Previously, Hitch, which has significant sharing characteristics, was a rare profit bright spot for Didi other than the driving business, but in the face of huge safety risks, Didi Hitch has been hesitant to resume its online service. Under the pressure, the more controllable carpooling business is likely to become the focus of Didi’s business, in order to alleviate the problem of insufficient express capacity and high prices.

　　Previously, Didi CEO Cheng Wei publicly stated, "We have not achieved profitability in six years. In the first half of 2018, the company’s overall net loss exceeded 4 billion yuan, and the entire online car-hailing industry was lossmaking."

　　"As a representative enterprise of the sharing economy, Didi’s approach of adjusting its operating model to pursue profitability should be understood." Zhang Yi, CEO of iiMedia Consulting Group, said that only by following market laws to seek profitability can companies continue to improve user experience. He believes that for the travel market, Didi is different from the traditional taxi industry. The sharing concept of carpooling can better improve idle seat resources, but the platform also needs to ensure a safe operation system to allow carpooling passengers to have a better experience. (Reporter, Pan Fuda)

It’s rainy season again, and the biggest trouble for vehicles in rainy season is wading. Even vehicles with strong wading ability should not blindly wade. Remember that wading is a "no-no", which may cause various serious consequences if it is not handled properly. For the sake of everyone’s life and property safety, we have to repeat the old saying and tell the owners of the Great Wall Cannon what to pay attention to when traveling daily and wading outdoors!

Remember not to wade blindly.

Recently, I saw videos of people who were killed because of driving and wading. Most of them were caused by blind wading. You should think twice before you encounter stagnant roads, and always have a sense of risk prevention to prevent problems before they happen. At the same time, we should learn to judge the depth of water level. We can judge the approximate water level by surrounding reference objects. If there is no reference object, we can also judge the water level by throwing stones and inserting bamboo poles. It is really impossible to judge the water level. Don’t rush into the water. If you can go around, you can go around.

You should also have a full understanding of the maximum wading depth of your car. Because the original factory comes standard with a wading throat, the wading depth of the Great Wall gun off-road pickup truck can reach 700mm, which is far more than the maximum wading depth of 400mm for ordinary cars. Facing the low-lying water-logged sections of the city, there is generally no big problem, but it is better to be cautious when encountering floods or rushing rivers.

In addition to judging the depth of accumulated water and understanding the vehicle’s wading situation, it is necessary to have certain wading driving skills. First, it is best to choose a route with higher terrain to enter the water. During the driving process in the water, you should keep driving at a low speed and at a constant speed, keep the engine at 1500-2000 rpm, keep the throttle, don’t step deeply, and don’t collect oil. In this way, water will not enter the engine room and cockpit because of the excessive speed and splash, and water will not enter the engine because of the backward suction of the exhaust pipe. Finally, don’t forget to put on life jackets for all the people in the car, and open the windows and skylights at the same time to escape quickly in case of emergency.

If the car turns off accidentally, don’t start it again. The second start will lead to serious mechanical failure of the engine, causing irreversible damage, and the insurance will not pay for it. At this time, we can only cut off the power and ask for rescue, and the subsequent maintenance will be handed over to the 4S shop for processing.

Check the vehicle in time and eliminate the problem.

After successfully crossing the water, don’t forget to check the vehicle. Even if the vehicle doesn’t break down suddenly during the wading process, it doesn’t mean that it is foolproof, because there may be various "dark diseases" in the vehicle after wading. Many parts of the Great Wall Cannon can be inspected by itself, such as 360 Panorama, radar control module, horn, compressor assembly, winch assembly, lighting, glass lifter assembly, windshield washer assembly, 220V inverter and starter. The method is also very simple. Start the vehicle first. If the engine can start normally, it means that the starter is normal, and then check other parts one by one.

Among them, the fault of the radar control module of the Great Wall Gun can be displayed in the form of fault code. When checking the headlights, pay attention to whether there is water or silt in the headlights. When checking the glass lifter assembly, press it several times to see if it is normal. When checking the 220V inverter, just turn on the switch and see if the indicator light is on.

If the vehicle is seriously waded, besides self-inspection, the owner is advised to go to the 4S shop or service station, where the staff will inspect more core components, such as battery+generator, electric steering gear, crankshaft position sensor, engine accessory gear train, turbocharger, transmission breather pipe, transmission assembly, radiator, intercooler, oil cooler, fan, drive shaft/transmission shaft sheath, fuel vent valve pipe and transfer case assembly.

Driving in water is not a child’s play. It is necessary to understand that stepping on a puddle and wading are two different things. Everything is safety-oriented. I hope the above wading precautions can help everyone!