When talking about a car model, the first thing you should talk about is its line drawing. In terms of line drawing, the Mercedes-Benz family-style off-road style is adopted, and the chrome-plated air intake grille is very three-dimensional. The unique headlights on both sides are shaped, and the internal light groups are patchy and bright. The profile of the car body is still the unique streamlined car body of Mercedes-Benz, and the enchanting figure is even more vividly displayed! In addition, it makes its sports atmosphere more intense. At the same time, the reasonable proportion of luggage compartment cover and enclosure also gives the tail shape too much visual center of gravity, and the design of taillights is also interesting, which shows great personality after lighting.

In the interior style, Mercedes-Benz GLA emphasizes luxury and brilliance. The steering wheel in the car is wrapped with leather material, which is very comfortable in texture and touch. The central control area is made of plastic, leather and metal, and the materials and workmanship look quite satisfactory. The 8.0-inch suspended large screen has simple screen design but complete functions. The front row is also equipped with a manual air conditioning control system, which can freely debug the most comfortable space atmosphere. Leather seats give passengers just the right support and soft and comfortable touch.

The length, width and height are 4446×1849×1625mm respectively, and the wheelbase has reached 2729mm. In the same class, the wheelbase of Mercedes-Benz GLA ranks 45th. The skylight of Mercedes-Benz Glaglagla 220 4 MATIC provides a wider view, which can create a better visual environment and good sensitivity for the rear passengers and increase the light entrance for the whole vehicle. Among the models of the same price and class, the trunk volume of Mercedes-Benz GLA ranks 34th. Spatial performance is limited by vehicle positioning, and the performance is acceptable, and the flatness is no problem, but the total space is average.

Mercedes-Benz GLA is equipped with a combination of 2.0 turbocharged engine (direct injection) and wet dual clutch (DCT). It will definitely bring unforgettable control charm. Mercedes-Benz GLA’s official measured zero acceleration score is 8.1S, ranking 53rd among 250,000-400,000 SUV models.

The active/passive safety configuration of Mercedes-Benz GLA is complete, includingAutomatic parking、Zero tire pressure endurance tire、Automatic parking、Steep slope descent、hill start assist control、knee airbag、HUD head-up display、Anti-lock braking (ABS)、Braking force distribution (EBD/CBC, etc.)、Brake assist (EBA/BAS, etc.)、Traction control (ASR/TCS, etc.)、Active noise reduction、Engine start and stop、Side safety air curtain、Wireless charging of mobile phone、night vision system、LED daytime running lights、Forward reversing radar、Tire pressure monitoring、Steering wheel heating、Body stability control (ESP/DSC, etc.)、Rear reversing radar、Fatigue reminder、Remote parking、Child seat interface、Lane keeping (LKAS)Equal configuration.

Among them,Automatic parkingYou can avoid stepping on the brakes for a long time or needing to pull frequently;Steep slope descentCan safely pass through steep slope road conditions at low speed;knee airbagReduce the injury of the car interior to the occupant’s knees in the secondary collision.

In order to get a more comprehensive and objective understanding of Mercedes-Benz GLA, you can go to the Easy Car Mercedes-Benz GLA Forum and browse the messages of users who have purchased the car in history.

Economic observation of original half-moon sports

Author: half moon

Words in this article: 3366 words

Suggested reading time: 11 minutes

After the long-lost offseason, the starting signal of F1 finally lights up again.

On February 29th, Beijing time, the opening match of the 2024 F1 season started in bahrain international circuit. In the first race of the new season, Red Bull Team still maintained a strong performance. In 2023, driver champion Vestapan and teammate Perez won the championship and runner-up, while the five major teams-Red Bull, Ferrari, McLaren, Mei Ben and Aston Martin-won the top ten.

In the competition for the "Earth Group", Guanyu Zhou of Sauber Team won successfully and achieved the 11th place. Bahrain can be called the "blessed land" for China drivers. In the mid-2022 season, Guanyu Zhou’s F1 "debut" was staged in Bahrain, and the first show, the tenth successful score, surprised the paddock.

For Sauber, Guanyu Zhou’s stable performance in the past three years has lived up to their vision of material selection. However, as a "small team", Sauber needs to tap the potential of the car and introduce more resources to support it if he wants to make further progress in F1.

Sauber will wait for another two years, and in the 2026 season, Audi will start to enter the market.

The second plum blossom? Audi wants to acquire 100% equity of Sauber Team.

Before talking about Audi’s entry into F1, let’s review several key nodes.

First, at the end of August 2022, Audi officially announced that it would enter F1 in 2026. Marcus duesman, then chairman of Audi’s board of directors, said that it is an excellent opportunity for Audi to enter F1 by adopting the new competition rules of power unit in 2026.

Second, on October 26th, 2022, Audi officially announced that it would choose Sauber as its strategic partner to enter F1. Sauber will compete as an Audi factory team and use the power unit provided by Audi.

Third, in January 2023, Audi officially announced the acquisition of a minority stake in Sauber. Duesman, the former CEO of Audi, planned to gradually acquire most of Sober’s shares through a three-year plan. However, according to recent reports, Gernoth dorna, who took over from duesman, adjusted his plan to seek 100% control at the end of 2023. It is rumored that Oliver Hofmann, chief technology officer of Audi, will step down as CTO and take over the F1 project.

Audi wants to hold 100% of Sauber, just like the heart of Si Mazhao, which is well known. Audi’s ambition to enter F1 is nothing more than trying to make some achievements in F1. The last time a well-known car brand that was talked about by car fans bought a team and entered F1, it was also the German Trident. At that time, Mei Ben, also known as Durham Group, and its partner Aabar Investment Company acquired 75.1% and 24.9% shares of Brown GP Team in November 2009 and February 2011, respectively, and formally entered the paddock.

With strong R&D and investment, Mei Ben started the Eight Crown Dynasty. Also backed by the powerful Volkswagen Group, there is no reason for fans not to believe that Audi will make a breakthrough in the paddock, and even "re-carve" Mei Ben’s achievements.

The way to enter F1 is not only to acquire the existing fleet, but also to "expand the army". Why not choose the latter? Cost and adaptability may be the two major factors that Audi chooses to acquire.

Compared with the way of "expanding the army", the cost of Audi’s acquisition of Sauber team to enter F1 is obviously lower. Especially considering the overall appreciation of F1 events, letting a new team join means that the profits of 10 teams are less now. The lack of "cake" is obviously not happy for those with vested interests.

According to the 2023 financial report released by Free Media Group a few days ago, the total dividends of 10 F1 teams increased from $1.157 billion in 2022 to $1.215 billion in 2023.

In 2023, Team Andreetti of the United States has publicly stated that it wants to join the ranks of F1. Even though the FIA’s attitude is to expand the F1 market, especially the American market, nothing happened in the end. The prerequisite for Andreetti team to join is to pay a fee of 200 million US dollars, which is equivalent to buying F1 seats to compensate other teams.

The cost of $200 million is not a stumbling block for Audi, but it is the most difficult to win the consent of the other 10 teams. The lobbying cost and time cost involved are the most "expensive" for Audi. Instead of stumbling, it is better to buy a "Earth Group" team directly.

Secondly, the acquisition of Sauber will also enable Audi to retain the main team working structure after entering F1. As the apple of today’s motor racing, the operation of an F1 team involves many aspects, and these staff will play a key role in helping Audi to adapt to the pace of the paddock. Although Audi has a long history in racing, the German brand still needs to learn and adapt in F1.

According to foreign media reports, in the three years from 2023 to 2025, Audi will acquire 75% of Sauber’s shares for 450 million US dollars, while Sauber’s team’s valuation is about 600 million US dollars. This figure is less than 1% for Audi Group, which earned more than 61.8 billion euros (about 67 billion US dollars) in fiscal year 2022.

The new regulations in 2026 are in line with Audi’s strategic goals.

The importance of power unit to F1 racing car, I believe fans must know it very well. In August 2022, the FIA officially announced that in the 2026 season, the brand-new F1 power unit will be officially implemented. This will be the biggest change in the F1 power unit since the application of the V6 engine of the hybrid power system in 2014.

The most obvious change is that the new power unit puts more emphasis on electric energy and sustainable fuel. The power output of the new power unit will be tripled, and the transition from 120kW to 350kW motor-generator will bring more power. After introducing more powerful electric energy, the peak output of the system will exceed 1000 horsepower. The application of sustainable fuels has always been the direction of F1 efforts. F1 aims to fully use 100% sustainable fuel in 2026. These two tasks will make F1 stadium more environmentally friendly.

It is worth mentioning that the key to Audi’s entry into F1 is that the FIA abolished the energy recovery system called MGU-H in the new regulations in 2026. In short, MGU-H can provide power for MGU-K by converting thermal energy in exhaust gas into electrical energy, and the latter’s function is to convert kinetic energy generated during braking into electrical energy.

As a very advanced and complex technology, MGU-H is very expensive to build and is one of the more expensive parts in racing cars. So this is also a power component that many teams and engine suppliers want to abolish. Audi is willing to join the F1 competition because the MGU-H parts are excluded from the new regulations.

Under the new rules of power unit, it means that all teams will return to the same starting line. This is undoubtedly good news for the new Audi. Otherwise, if F1 is added before 2026, the power unit that has been used for two or three years will be equivalent to "invalid" in the 2026 season. From the perspective of time cost and money cost, it is obviously not in line with the actual situation. Then under the new rules, Audi and other teams set off at the same starting line.

In the final analysis, "electrification, environmental protection and sustainability" is still the core of Audi’s entry into F1, which is also where the new regulations in 2026 are in line with the strategic objectives of Audi Group. From the company level, audi ag has been emphasizing electrification and sustainable strategy in recent years. In March 2021, Volkswagen released the "ACCELERATE strategy", one of which was to accelerate the electrification transformation.

As for 100% sustainable fuel, it has always been the development goal of Volkswagen Group. The goal of German automobile brands is to achieve carbon neutrality in 2050.

Thus, from the strategic goal, the new F1 power unit regulations in 2026 are in line with the efforts of Audi and Volkswagen Group. This can partly explain why Audi chose to enter F1 in 2026.

Audi entered F1 for what?

Audi or Volkswagen has long been expected to enter the F1 track.

The reason lies in Audi’s accumulation in motor racing. Fans who are familiar with Audi brand or motorsport must know that Audi’s important DNA is motorsport spirit, and this brand has a history of 100 years. German brands have appeared in world-famous automobile races, and have achieved brilliant results in many races, but they have not appeared in F1 at the top of the pyramid in the form of motorcades.

Audi’s last and most important piece of racing puzzle will finally be put together in 2026. With the addition of Audi, F1 has added more attractions and topics. For Audi, there have been many opportunities to join F1, but why did it not enter until now? The reasons behind it are worth exploring. In my opinion, there are four main reasons.

First, the rising value of F1 events. After the free media group took over, the income and attention of F1 events increased greatly. According to the 2023 financial report of Free Media Group, the total revenue of F1 in 2023 was $3.222 billion, a year-on-year increase of 25%, and the operating profit also increased from $239 million to $392 million, a year-on-year increase of 64%.

The rising revenue of F1 events means that the penetration of motor racing is deepening to some extent. Then Audi, whose brand DNA is motorsport, has no reason not to join in today’s F1 race. With its years of experience and technical accumulation in motor racing, Audi’s journey in F1 may bring surprises to fans.

Secondly, it is the brand strategy of F1 and Audi. As mentioned above, Audi has accelerated the transformation of electrification. Under the application of the new rules, Audi can transfer the technology of hybrid power unit to the commercial models in the future through the practice in F1. It is foreseeable that electric vehicles will become the mainstream of the automobile market in the near future, so the technology and experience acquired by Audi in F1 will enhance Audi’s competitiveness in the wave of electrification.

In addition, it is Audi’s strategy of deepening youth and digitalization, which is also what F1 has been doing in recent years. The documentary "Drive to Survive" co-produced by F1 and Netflix created many highlights and topics for this event on streaming media, and successfully attracted a large number of new fans. A considerable part of these fans are young audiences, and Audi is also a car brand that emphasizes youthfulness. For Audi, this young audience may be one of the potential consumers of Audi’s target. Therefore, Audi’s brand strategy is consistent with the audience of F1 events today, which is also an important factor.

The third point is that both F1 and Audi are eyeing the China and American markets. China is Audi’s largest market in the world, accounting for 38.37% of its sales in 2023. China’s first F1 driver, Guanyu Zhou, played for Sauber, which cooperated with Audi. To some extent, this has promoted the development of motor racing in China. However, it is still unknown whether Guanyu Zhou will continue to play for the team in 2026. But what is certain is that Audi wants to continue to increase its market share in China, and Guanyu Zhou is their best choice.

As for the American market, it is also an important target of Audi’s efforts. In the American market in 2023, Audi sold 228,000 new cars, a year-on-year increase of 22%. At the same time, the United States is also a key market for F1. In the F1 race of the 2024 season, the United States occupied three sub-stations. This is enough to show the importance of the American market to F1. In other words, Audi can join hands with F1 to enhance its influence in the American market.

Finally, the key factor is that domenicali, the chairman and CEO of F1, once worked in Audi Group. In the process of Audi’s decision to enter F1, the "lobbying" role played by Italians was not ruled out. Domenicali, who has been at the helm of F1 since January 2021, once said that he would like to see more new manufacturers join F1.

In my opinion, rather than saying that Audi wants to join F1, F1 also wants Audi to join-several world-renowned automobile brands compete for the championship in F1, which will inevitably make the attention of the event by going up one flight of stairs, enhance the attention and correspondingly increase the income of the event. Therefore, the ultimate beneficiaries of Audi’s participation in F1 may be F1 events and the 10 teams in the paddock.

After all, everyone is good, which is really good.

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Original title: "Audi joined F1, who climbed who? | Sports Events

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　　After 1.1 billion yuan of "advertising door",There is also a big alarm.

　　BYD has always been regarded by many people as the leader of domestic new energy vehicles and the spokesperson of domestic independent brands. In just five years after listing, the operating income reached 100 billion yuan. However, with the release of the 2017 annual report and the first quarter report of 2018, it shows that BYD’s operating conditions are not optimistic. This paper discusses and analyzes BYD’s operating conditions from the financial point of view.

　　Affected by the decline in subsidies for new energy vehicles, BYD’s net profit in 2017 fell by 19.5% year-on-year, and its net profit in the first quarter of 2018 plummeted by 83.1% year-on-year. And in a quarterly report, it is estimated that the net profit attributable to shareholders of listed companies will drop by 82.59% to 70.98% from January to June this year.

　　The 1.1 billion "advertising door" incident in July this year pushed BYD to the forefront of public opinion. Some critics outside believe that such an incident has exposed some problems in BYD’s management. Will management problems have an impact on the company’s business? We can observe its real operating ability and financial situation by analyzing its financial statements.

　　The difficulty of profitability and growth ability

　　Table 1 BYD’s gross profit margin in 2015-2018

　　Table 2 BYD’s net interest rate in each period from 2015 to 2018

　　As can be seen from the chart comparison, although BYD’s gross profit margin has declined slightly in recent years, it is still relatively stable, but the net profit rate has generally declined since 2017, reaching 1.07% in the first quarter of 2018, down 71.16% year-on-year. At the same time, according to the 2017 annual report, although BYD’s operating income increased by 2.36% year-on-year, its net profit returned to its mother decreased by -19.51% year-on-year, and its non-net profit decreased by 35%. Then we will horizontally analyze the results of BYD’s main business income and gross profit margin in 2017 compared with the same industry to determine the reasons for the decrease in profits. BYD’s main business is mobile phone parts and assembly, automobiles and related products, rechargeable batteries and photovoltaics. We take Foxconn, Beiqi New Energy,For comparison.

　　Table 3 Comparison of gross profit margin and changes of BYD’s main businesses with the same industry in 2017

　　It can be concluded that the yield of BYD’s mobile phone sector and assembly industry is good, but the yield of automobile industry and battery and photovoltaic industry is worrying.

　　On the whole, there are four reasons.

　　First, the state subsidies for new energy vehicles have fallen sharply. In 2017, the subsidies for new energy vehicles fell by about 20%, which directly led to the decline of the company’s performance. If the new energy policy continues, this unfavorable factor will continue.

　　Second, industry competition has intensified. I am in 2017The total sales volume of automobiles in the whole year was 777,000, and all major automobile companies showed strong interest in the field of new energy vehicles, such as established BAIC, GAC and SAIC, and emerging Weilai and Tucki, which doubled the pressure on BYD. And in 2018, joint venture brands also began to enter the market, and BYD will face more intense competition.

　　Thirdly, BYD’s power battery industry is under great technical pressure. At the same time, it has been suppressed by Contemporary Amperex Technology Co., Limited, and its battery sales have been surpassed.

　　Fourth, considering the cost, the prices of the four core raw materials for manufacturing batteries have risen steadily, which has greatly reduced BYD’s battery profits. It is predicted that if these four problems can’t be solved in time or enterprises can’t find another way in the future, BYD’s profitability and growth ability will continue to decline.

　　Table 4 Sales volume of domestic mainstream independent brand new energy vehicles in 2017

　　Pressure of debt repayment

　　Table 5 BYD in 2015-2017,、Solvency index

　　Comparing BYD with two companies in the same industry, it is found that BYD’s solvency is significantly lower than that of the other two companies, which deserves our attention. In particular, the quick ratio and cash ratio are far lower than those in the same industry, which shows that there are risks in the short-term solvency of enterprises, and cash and cash equivalents are difficult to repay the current liabilities borne by enterprises. At the same time, it also proves that BYD’s accounts receivable and inventory are relatively high in the same industry. Then let’s analyze the status of BYD’s inventory, accounts receivable and prepayments.

　　Table 6 Changes of BYD’s inventory, accounts receivable and prepayments in 2015-2017

　　BYD’s accounts receivable increased by 24.20%, prepayments increased by 312.24%, and inventory increased by 14.32%, which was amazing. These data potentially show that BYD does not hesitate to sell on credit in order to expand the market and improve its competitiveness. At the same time, its bargaining power has begun to weaken in the face of suppliers. Excessive inventory also affects the turnover efficiency of enterprises and increases the occupation of funds. All these situations are warning the increasing financial pressure of enterprises.

　　Operational capacity that needs to be improved urgently

　　Table 7 Operating Capacity Indicators of BYD, Changan Automobile and Yutong Bus in 2015-2017

　　The data shows that BYD is also under pressure compared with its peers in terms of operational capacity. Compared with the industry, BYD’s inventory turnover days, total assets turnover rate and average collection period are weak. In 2017, average collection period is even 21 times that of Changan Automobile, while the inventory turnover days are about 4 times that of Yutong Bus, which reflects the poor liquidity of enterprises and highlights the urgent need for improvement in their current assets management.

　　The core reason why the 1.1 billion "advertising door" incident has had such a great impact on BYD is that once this incident is settled, BYD needs to bear part of the responsibility, which is undoubtedly unbearable for investors. After all, BYD’s net profit in the first quarter of this year was only 102 million yuan.

　　No matter from the "advertising door" incident or the above analysis of BYD’s operation from the financial indicators, they all sounded the alarm for BYD’s management. As a leader in energy vehicles, it needs perfect corporate governance, and more importantly, it needs excellent results to repay investors. Otherwise, investors will vote with their feet.

From January to July this year, the cumulative sales volume of Chery Group was nearly 1.3 million vehicles, up 45.4% year-on-year. Among them, SUV sales continued to maintain the first domestic market share in the first half of this year! In order to achieve further progress, following the listing, a number of SUV models of Chery Automobile will be upgraded in the second half of this year. At the recent 2024 Chery Automobile Mid-year Business Conference, a number of new models, such as brand-new, 25 models, 25 models and sports versions, were collectively unveiled. Let’s take a look.

Seeing the 7 Sports Edition at first sight can’t help but give people a sense of sight of Land Rover Aurora. Fangzheng’s full front is equipped with an inverted trapezoidal blackened air intake grille, which is connected with rectangular LED daytime running lights on both sides. In addition, the English logo on the hood and the tough trapezoidal lower grille are exactly the same as Land Rover Aurora. At the same time, it is not difficult to find that the shape of the split headlights of the Tiggo 7 sports version is quite similar to that of the exploration 06, and the side of the car body also adopts a sliding-back suspended roof, which is basically consistent with the hidden door handle.

The blackened wheels and red brake calipers are not absent, and the external "small schoolbag" storage box at the D-pillar position is more wild and beautiful. The tail also uses a penetrating taillight, but it is redesigned for the rear enclosure, adding a diffuser-style silver guard plate, with an extended reflective strip and a blackened tail, and the fighting feeling is ready. The "AWD" logo means or will be equipped with the full-scene intelligent four-wheel drive system of the same paragraph of Exploration 06. It is expected that the power will also be equipped with Kunpeng 1.6TGDI engine +7DCT gearbox.

The 25 models of the Tiggo 7 PLUS are equipped with a front face design similar to that of the Tiggo 8L. The larger air intake grille is supplemented by chrome-plated lattice elements, coupled with the sharp double "L" headlights and the exaggerated "C"-shaped air duct, which makes people feel more domineering. The side of the car body presents a more slippery shape, chrome trim strips are added to the lower edge of the window, and the chrome trim at the side skirt is also adjusted. In terms of power, refer to the current Tiggo 7 PLUS, providing 1.5T and 1.6T engines, matching CVT or 7-speed dual-clutch gearbox.

The change of the new Tiggo 8 PLUS is also obvious.The rounded air intake grille adopts dense X-shaped chrome-plated elements, and the split headlights are replaced. Among them, the sharp daytime running lamp is added with the element of "Dapeng spreading its wings", and the lower rectangular far and near light group is integrated with the "C"-shaped air duct, and connected with the grille through blackened decorative panels, further enhancing the visual tension. In addition,Brand new tiggo 8 PLUSIt will also be equipped with hidden door handles, brand-new turbine wheels, penetrating taillights, etc., and add a variety of trendy car colors.

According to the previously exposed real car map, the new Tiggo 8 PLUS will adopt an interior style similar to that of the Tiggo 8L. The simple center console is equipped with a suspended large screen, a full LCD instrument panel and a HUD head-up display, which is very scientific and technological. And comfortable facilities such as electronic pocket guard, wireless charging of mobile phone, Queen’s co-driver with electric leg rest, boss key, Sony stereo, etc. are also available. In terms of power, the new Tiggo 8 PLUS will continue to be equipped with 1.6T and 2.0T engines, of which the 2.0T engine will match the 8AT gearbox.

As the flagship model of the Tiggo family, 25 Tiggo 9 models will be replaced with more dense straight waterfall air intake grille, which will give you a sense of dignity, and the redesigned transverse front enclosure will undoubtedly have more visual impact. The huge and full body with the brand-new dense wheel hub continues to emphasize the flagship positioning. With reference to the current model, the whole system is equipped with a 2.0T engine, with a maximum power of 192kW (261HP). The transmission system is matched with 7DCT or 8AT gearbox, and equipped with timely four-wheel drive and CDC "magnetic suspension".

Of course, the information about the new car has yet to be officially announced, and we will continue to pay attention. Then, what do you think of Tiggo 7 Sport Edition, 25 Tiggo 7 PLUS, the new Tiggo 8 PLUS and 25 Tiggo 9? Welcome to leave a comment.

　　(Last updated in May 2020)

　　[Members] 27 countries: Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Croatia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Romania, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Slovakia, Slovenia, Spain and Sweden.

　　[Population] 440 million

　　[Area] 4.14 million square kilometers

　　[GDP] 16.44 trillion euros (in 2019, including Britain) and 13.92 trillion euros (in 2019, excluding Britain)

　　[General Department] Brussels, Belgium

　　[League Flag] A ring consisting of 12 golden five stars on a blue background

　　[League Song] The main theme of "Ode to Joy" in Beethoven’s Ninth Symphony

　　[Celebration Day] "Schumann Day" May 9

　　[Presidency] Croatia (first half of 2020), Germany (second half of 2020) and Portugal (first half of 2021)

　　[A Brief History of Development] On May 9, 1950, French Foreign Minister Schumann issued a statement (known as "Schumann Plan" in history), suggesting that France and Germany establish a coal and steel community. In July 1952, France, West Germany, Italy, the Netherlands, Belgium and Luxembourg formally established the European Coal and Steel Community. In January 1958, six countries established the European Economic Community and the European Atomic Energy Community. In July 1967, the main institutions of the three communities merged and were collectively called the European Community. In November 1993, the Treaty on European Union (also known as the Maastricht Treaty) came into effect, and the European Community evolved into the European Union (EU). In January 2002, the euro entered circulation smoothly. After the entry into force of the Lisbon Treaty in 2009, the EU has the qualification as a subject of international law, and formally replaced and inherited the European Community. The Lisbon Treaty also provides for the relevant procedures for member States to withdraw from the EU for the first time.

　　The EU has experienced seven expansions: Britain, Ireland and Denmark joined in 1973; Greece joined in 1981; Spain and Portugal joined in 1986; Austria, Finland and Sweden joined in 1995; On May 1, 2004, Poland, Hungary, Czech Republic, Slovakia, Estonia, Latvia, Lithuania, Slovenia, Cyprus and Malta joined the EU. On January 1, 2007, Romania and Bulgaria joined the EU. Croatia officially became the 28th member of the European Union on July 1st, 2013. At present, Albania, Montenegro, northern Macedonia, Turkey and Serbia are candidates for membership.

　　Britain decided to leave the EU by referendum in June 2016, and left the EU on January 31, 2020 and entered a transitional period until December 31, 2020.

　　[Internal Construction] The European integration construction has made continuous positive progress in twists and turns for more than half a century. The European Union has successively established a customs union, implemented common trade policies, agricultural and fishery policies, unified the internal big market, and basically realized the free circulation of goods, people, capital and services. Established an economic and monetary union and unified the currency in the euro zone. The integration construction has gradually expanded to the fields of diplomacy, security, justice and internal affairs, and has made continuous progress. Through the Treaty of Amsterdam and the Treaty of Nice, the EU has gradually incorporated the Schengen Agreement into the EU legal framework and judicial cooperation in the civil field into the EU mechanism. After the entry into force of the Lisbon Treaty in 2009, the reform of the EU mechanism started one after another. In that year, Van Rompuy, the first permanent president of the European Council, and Ashton, the first EU High Representative for Foreign Affairs and Security Policy and Vice President of the European Commission, were elected. In March 2010, the European Union put forward a plan for the establishment of the External Action Agency, and the appointment of the main positions and the establishment of the agency were initially completed the following year. After the outbreak of the European debt crisis, the EU further promoted relevant reforms, including actively promoting the construction of banking union, capital market union, energy union and single digital market, and strengthening cooperation in the fields of security and defense. At present, the EU is the group of countries with the highest degree of regional integration in the world.

　　[Main institution]

　　(1) the European Council, also known as the EU summit or the EU summit. The highest decision-making body of the European Union. The Council of Europe is composed of heads of state or government of member States, the President of the Council of Europe and the President of the European Commission. The Council of Europe has the post of President, with a term of two and a half years, which can be renewed for one term. The current chairman is former Belgian Prime Minister Charles Michel, who took office on December 1, 2019.

　　(2) The Council of the European Union, also known as the Council of Ministers, is the EU legislative and policy-making and coordinating body. The Council is composed of one ministerial representative from each member state and corresponding ministers according to different areas of discussion. Except that the Council of Ministers is chaired by the High Representative for Foreign Affairs and Security Policy of the European Union, the President of the Council is the rotating presidency, with a term of six months.

　　(3) The European Commission, referred to as the European Commission for short, is the legislative proposal and executive body of the European Union. The current Committee consists of 27 members, consisting of one representative from each member country, including one chairman and eight vice-chairmen, with a term of five years. The current chairman is Ursula von der Leyen, former German Defense Minister, who took office on December 1, 2019.

　　(4) European Parliament. EU supervisory, advisory and legislative bodies. Members are directly elected by member States for a term of five years. The current (ninth) parliament was formally established in July 2019, with 705 members and 7 party groups. The current Speaker, Sassoli (Italian), was elected and took office in July 2019 for a term of two and a half years.

　　(5) European External Action Service. Under the leadership of the EU High Representative for Foreign Affairs and Security Policy (who is also the Vice-President of the European Commission), it coordinates the foreign policies of member States. The current EU High Representative for Foreign Affairs and Security Policy Josep Borrell, former Spanish Foreign Minister, who took office on December 1, 2019.

　　The EU is the second largest economy in the world. In 2019, the euro zone economy grew by 1.2%. The International Monetary Fund predicts that the economic growth rate of the euro zone will be -7.5% in 2020.

　　[External Relations] The EU External Action Agency is the competent department of the EU’s external relations, which consists of six general departments: Asia-Pacific, Europe and Central Asia, Americas, Africa, Middle East and North Africa and Human Rights, Global and Multilateral Affairs. The authority includes traditional foreign policy, development policy, human rights, military security, civil crisis management and other fields. EU member states make decisions through intergovernmental cooperation.

　　The EU is actively engaged in all-round diplomacy. By the end of 2019, diplomatic relations have been established with more than 160 countries, and 39 regional and international organizations have sent representative offices to the European Union. We have established strategic partnership and regular leaders’ meeting mechanism with many parties. The EU pursues effective multilateralism, advocates free trade, actively leads international cooperation in energy and climate change, and emphasizes maintaining the status and role of the United Nations. In June 2016, the EU issued a global strategy of foreign and security policy entitled "Common Vision, Common Action: A Stronger Europe", aiming at the four common interests of promoting peace and security, achieving prosperity, promoting democracy and establishing a rules-based international order, and taking "principled pragmatism" as the basic program of foreign action. In December 2019, the new EU institutions decided to take "pragmatism, unity and partnership" as the three major diplomatic principles and vigorously carry out "climate diplomacy".

　　Relations with Britain. During the transition period, Britain has the right to negotiate new agreements in trade and other fields with third parties when it withdraws from the EU institutions, but it must continue to abide by EU laws and rules, temporarily stay in the EU customs union and the single market, and start negotiations on the UK-EU free trade agreement.

　　Relations with the United States. Europe and the United States are allies in politics and security, and are the most important trade and investment partners in economy. In July 2018, European Commission President Juncker visited the United States, held talks with US President Trump and issued a joint statement, saying that it would open a new stage of Europe-US relations with profound friendship, trade promotion and mutual benefit. In September, the European Parliament adopted a report on European-American relations. There are differences on issues such as free trade, military expenditure sharing, climate change and the Iranian nuclear issue. In October 2019, the United States announced a new tariff of 6.7 billion euros on European products. In December, the United States once again announced the imposition of tariffs on European products, and the European Union said that member States would jointly respond to the US-Canada tariff plan.

　　Relations with Russia. EU attaches importance to its relations with Russia. Russia is the largest neighbor, the third largest trading partner and an important energy source of the European Union. At the same time, there are differences and contradictions between Europe and Russia on issues such as energy supply and European security. The Ukrainian crisis has seriously affected European-Russian relations, leading to economic sanctions imposed by the European Union on Russia. In June 2019, the EU announced the extension of sanctions against Russia until June 23, 2020.

　　Relations with western Balkan countries. The EU has held many summits with five western Balkan countries (Albania, Bosnia and Herzegovina, northern Macedonia, Montenegro and Serbia) and Kosovo, mainly discussing regional economic development and the accession of western Balkan countries. In February 2018, the European Commission issued the "Western Balkan Strategy" to actively promote the accession process of the five western Balkan countries and Kosovo. In April 2019, the informal summit of the Western Balkans of the European Union was held in Berlin, attended by leaders of the five western Balkans and Kosovo. In July, the EU Western Balkan Summit was held in Poznan, Poland, focusing on cooperation in the fields of transportation and energy, digital economy, security and good-neighborly relations. At present, Albania, North Macedonia, Montenegro and Serbia are candidates for membership.

　　Relations with "eastern partner countries" In 2009, aiming at Armenia, Azerbaijan, Belarus, Moldova, Georgia, Ukraine and other six countries, the European Union put forward the "Eastern Partnership" plan under the framework of peripheral policies, and devoted itself to promoting relations with the six countries at the bilateral and multilateral levels. In 2009, the first Eastern Partnership Summit was held in Prague and the Declaration on Eastern Partnership was signed. Since then, the summit has been held four times, namely Warsaw Summit (2011), Vilnius Summit (2013), Riga Summit (2015) and Brussels Summit (2017). In May 2019, the EU held a series of activities to celebrate the 10th anniversary of the Eastern Partnership. In October, the European Council decided that the European Commission and the EU External Action Agency should solicit opinions from all parties and submit the EU’s "Eastern Partnership" development proposal after 2020 in due course.

　　Relations with Central Asian countries. In December 2015, the EU held an EU-Central Asia ministerial meeting with Central Asian countries, and announced that it would provide 1 billion euros of development assistance to Central Asian countries by 2020 to support countries in the region to achieve sustainable natural resource management, social and economic development and regional security. In May 2019, the EU issued a new strategic policy document for Central Asia. The EU supports the early realization of peaceful reconciliation in Afghanistan, and believes that only through political dialogue can the Afghan issue be finally solved, and supports the signing of a peace agreement between the United States and the Taliban in Afghanistan.

　　Relations with African countries. The EU is Africa’s main trading partner and the most important donor. In December 2005, the EU adopted its first Africa strategy document, EU and Africa: Towards Strategic Partnership. In May 2019, Mogherini, High Representative of the European Union for Foreign Affairs and Security Policy, visited four countries in the Horn of Africa (Somalia, Kenya, Djibouti and Ethiopia). In February 2020, European Commission President Ursula von der Leyen and EU High Representative for Foreign Affairs and Security Policy borrell visited the AU headquarters to attend the 10th EU-AU Commission meeting. In March, the EU issued a new strategic document on cooperation with Africa, focusing on green transformation and energy, digital transformation, sustainable growth and employment, peace, security and governance, migration and personnel mobility.

　　Relations with countries in the Middle East. The EU is concerned about the Middle East peace process and advocates recognizing Israel’s right to exist and the Palestinian people’s right to establish a state, and peacefully resolving the Arab-Israeli conflict through political negotiations. The EU is seriously concerned about the announcement by the United States to recognize Jerusalem as the capital of Israel and the impact this will have on the prospects for peace in the Middle East. The EU is committed to safeguarding the Iranian nuclear deal, supporting the "trade settlement support mechanism" of Britain, France and Germany, and expressing concern about Iran’s reduced compliance. The EU is the largest provider of humanitarian assistance to Syria, supports Syria’s sovereignty and territorial integrity, advocates political channels to solve the Syrian issue, and actively promotes the Syrian opposition to participate in peace talks. The EU is concerned about Libyan refugees, terrorism, arms smuggling and other issues, supports the UN-led peace process, and calls for political dialogue to solve the Libya issue.

　　Relations with other Asian countries. The EU attaches great importance to its relations with Asia and continues to increase its investment in the region. In January 2018, the 25th meeting of the EU-ASEAN Joint Cooperation Committee was held in Jakarta, Indonesia. In May, the EU Council of Foreign Ministers adopted a resolution on strengthening security cooperation with Asia, regarding maritime security, cyber security, counter-terrorism, dealing with mixed threats, conflict prevention and non-proliferation as key areas for deepening security cooperation between the two sides. In October 2019, the EU issued the policy document "Strengthening Security Cooperation with Asia", clarifying that the EU attaches great importance to security cooperation with the Asian region, and will deepen cooperation between the two sides in the fields of maritime security, cyber security, counter-terrorism, conflict prevention and mixed threats, and focus on improving the level of cooperation with ASEAN.

　　Relations with Latin American countries. EU seeks cooperation with Latin American countries. In April 2018, the EU and Mexico reached a new trade agreement to impose zero tariffs on trade in goods. In May, the first EU-Cuba Council meeting was held in Brussels. On the issue of Venezuela, the EU advocates that the crisis should be resolved by the Venezuelan people themselves through peaceful means, and that Venezuela needs to hold free and fair presidential elections and oppose external military intervention. In February 2019, the EU led the establishment of the "International Contact Group" on Venezuela. In October, the European Union, UNHCR and the International Organization for Migration held an international solidarity conference on the Venezuelan refugee and immigration crisis in Brussels.

Source: Website of the Ministry of Foreign Affairs.

Cctv news: According to the news of WeChat WeChat official account, the Internet and related service industries developed steadily from January to October. Business income and operating profit of enterprises maintained rapid growth; Internet platform services and data services have grown significantly; Many provinces maintained a growth trend; The number of mobile applications continues to decline.

I. Overall operation

Internet business revenue maintained a rapid growth trend. From January to October, China’s Internet and related service enterprises above designated size (referred to as Internet enterprises) completed business income of 1,310.2 billion yuan, up 23.4% year-on-year, and the growth rate dropped by 2 percentage points compared with the previous three quarters, with an average growth rate of 18.1% in two years.

Figure 1 Growth of Internet business income from January to October in 2020-2021 (%)

Operating profit and operating cost increase simultaneously. From January to October, Internet companies achieved an operating profit of 117.4 billion yuan, a year-on-year increase of 21.3%, an increase of 4.5 percentage points over the previous three quarters, with an average growth rate of 14.9% in two years. Operating costs increased by 20.9% year-on-year, and the growth rate decreased by 3.7 percentage points compared with the previous three quarters.

The growth rate of research and development expenses has dropped. From January to October, Internet companies spent 58.79 billion yuan on R&D, up 2.6% year-on-year on the basis of a high base in the same period last year, and the growth rate dropped by 9.3 percentage points compared with the previous three quarters.

Second, the sub-business operation

(1) The revenue from information services continued to grow, and the field of audio and video services showed an outstanding growth. From January to October, Internet companies completed information services (including online music and video, online games, news information, online reading, etc.) with a total revenue of 706.1 billion yuan, up 17.5% year-on-year, and the growth rate dropped by 2.3 percentage points compared with the previous three quarters. It accounts for 53.9% of Internet business income. Among them, the field of audio and video services has maintained rapid growth; Enterprises in the field of online games grew steadily; The business income of news and content service enterprises increased rapidly; The growth rate of business income of enterprises mainly providing search services rebounded.

(2) Internet platform revenue grew rapidly, and the growth rate of online sales and production logistics services declined slightly. From January to October, the income of Internet companies from platform services (mainly production service platform, life service platform, scientific and technological innovation platform and public service platform) was 484.1 billion yuan, up 38% year-on-year, and the growth rate dropped by 3 percentage points compared with the previous three quarters. It accounted for 37% of Internet business income, up 3.9 percentage points year-on-year. Among them, the business income of online sales platform and life service platform enterprises declined slightly compared with the previous three quarters; Enterprises providing manufacturing platform services grew steadily; The income of production and logistics platform enterprises has declined compared with the previous three quarters.

(3) The income from Internet access services increased slightly, and the development of Internet data services accelerated. From January to October, the income of Internet enterprises from Internet access and related services was 35.03 billion yuan, up 3.4% year-on-year, and the growth rate was 2.4 percentage points higher than that in the previous three quarters. The revenue from completing Internet data services (including cloud services and big data services) was 22.21 billion yuan, a year-on-year increase of 28.2%, and the growth rate was 0.9 percentage points higher than that in the first three quarters.

Third, the operation by region

The income of Internet business in the eastern region has grown steadily, while that in the western region has increased rapidly. From January to October, the income from Internet business in the eastern region was 1,115.4 billion yuan, up 23.6% year-on-year, and the growth rate dropped by 1.6 percentage points compared with the previous three quarters, which was 0.2 percentage points higher than the national average, accounting for 89.6% of the national (excluding cross-regional enterprises) Internet business income. The income from Internet business in the western region was 78.29 billion yuan, up 41% year-on-year, and the growth rate was 17.6 percentage points higher than the national average. The income from Internet services in central and northeast China was 47.64 billion yuan and 3.93 billion yuan respectively, up by 2.3% and 6.9% year-on-year, and the growth rate dropped by 0.9 and 3.6 percentage points respectively compared with the previous three quarters.

Internet services in many provinces maintained a rapid growth trend. From January to October, Beijing (up by 29.6%), Guangdong (up by 11.8%), Shanghai (up by 36.5%), Zhejiang (up by 17.7%) and Jiangsu (up by 3.7%), the top five Internet businesses, achieved a total revenue of 1,041.9 billion yuan, up by 23.7% year-on-year, accounting for the whole country (. There are 25 provinces and cities that have achieved positive growth in the growth rate of Internet services nationwide, an increase of one from last month. Among them, Hainan, Yunnan, Tibet and other three provinces increased by more than 50%, while Anhui and Jilin provinces decreased by more than 15%.

Fourth, the development of China’s mobile application (APP)

The total number of mobile applications (apps) continues to decline. By the end of October, the number of apps monitored in China’s domestic market was 2.72 million, a net decrease of 20,000 compared with the end of September. Among them, there are 1.36 million APPs in local third-party app stores and 1.36 million apps in Apple Store (China). In October, there were 110,000 new apps on the shelves and 130,000 apps off the shelves.

The number of game applications still ranks first. By the end of October, the number of apps ranked in the top four in mobile application scale accounted for 59.1%, and other 10 types of apps such as life services and education accounted for 40.9%. Among them, the number of game apps continued to lead, reaching 679,000, and the number was the same as at the end of September, accounting for 25% of all apps. The number of daily tools, e-commerce and social communication apps reached 406,000, 274,000 and 247,000 respectively, ranking second to fourth. The number of photo photography and theme wallpaper apps has increased more than that at the end of September.

The downloads of games, daily tools, social networking and audio-visual applications are in the top. By the end of October, the total distribution of on-shelf applications in China’s third-party application stores reached 2,039.4 billion times. Among them, the downloads of games, daily tools, social communication and music videos all exceeded 200 billion times, reaching 292.4 billion times, 279.2 billion times, 254.5 billion times and 231 billion times respectively, ranking first to fourth; Life service, news reading, system tools and e-commerce ranked fifth to eighth with 187 billion times, 156.6 billion times, 150.8 billion times and 138.9 billion times respectively. Among other applications, the applications that have been downloaded more than 50 billion times include finance (99.7 billion times), photography (77.5 billion times) and sports health (50 billion times).

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Design category: Yangtze finless porpoise theme digital creative works. Taking "Digital finless porpoise" as the theme, combining the traditional culture, regional characteristics, ecological civilization, digital empowerment and postal culture of China.

Specification of works: static works: the resolution is not less than 150dpi, and the size of a single file is not more than 2m; Dynamic works: submitted in the form of video, with a single file not exceeding 30M, MP4 format and video coding of H.264.

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The works of this design competition are accepted in the form of electronic documents, and the documents are submitted in JPG format. After the finalists have physical works, they can submit physical samples to participate in the final evaluation. The designated email address for the contest is: wbcf@ihb.ac.cn.

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　　Sino-Singapore Jingwei client November 8 (Zhao Jiaran) The "double 11" war has started ahead of schedule. Next week, besides preparing enough "chop hands" budget, there are also these heavy financial events that may affect your "wallet". Let’s watch it in advance!

　　Data release

　　Next week, China will release the data of M0, M1 and M2 in October, as well as the data of CPI and PPI in October. The United States will release October CPI, PPI, etc., and Germany will release November ZEW economic climate index, October CPI and other data.

　　Market hotspot

　　First, October CPI, PPI, M2 and other data will be released.

　　On November 10th and October, CPI and PPI will be announced. Many institutions expect that CPI is expected to continue to narrow in October. In addition, the data of M0, M1 and M2 in October will be released on November 11th.

　　CICC recently released a research report, predicting that the year-on-year growth rate of CPI will drop from 1.7% in the previous month to around 0.5% in October, and may further decline in November. However, the year-on-year growth rate of non-food prices may be relatively stable, and the year-on-year growth rate of service prices may improve. It is expected that PPI will maintain positive growth in October, and the year-on-year decline will narrow slightly from 2.1% in September to 2%.

　　According to a research report released by soochow securities, the recovery of PPI in China is still strong, and consumption and investment are accelerating. In September, the manufacturing PMI rose by 0.5% month-on-month, and the decline of PPI is expected to narrow in October, and it is expected to close at -2.10% year-on-year. In addition, M2 is expected to close at 10.5% in October.

　　Second, the peak period of "double 11" express delivery is approaching.

　　The State Post Bureau held a special press conference on service guarantee in the peak season of express delivery business. According to reports, the peak season in 2020 ranges from the beginning of November to the eve of the Spring Festival in 2021 (February 12), totaling 103 days. Among them, during the "double 11" period (November 11th to 16th), there will be a peak season, and it is estimated that the daily average express delivery business volume will reach 490 million pieces, which is about twice the daily business volume.

　　According to the State Post Bureau, this year is the 11th peak season for the postal express delivery industry to systematically organize and meet the express delivery business. At present, the enterprise has added 490,000 temporary workers, 100,000 vehicles and 5.39 million square meters of processing space, increased transportation capacity reserves, and added high-speed rail express lines.

　　Third, in the fourth quarter, the voucher-type savings bonds was issued on the 10th.

　　According to the Ministry of Finance, in the fourth quarter, savings bonds will start issuing on October 10th and November 10th respectively, and the electronic savings bonds will be issued on October 10th with a term of 3 years and 5 years, with annual interest payment. On November 10th, savings bonds with certificates was issued, with a term of 3 years and 5 years, and the principal and interest will be repaid in one lump sum.

　　It is reported that the two issues of treasury bonds are issued to individuals at face value, and the sales face value must be an integer multiple of 100 yuan. The two issues of national debt are registered national debt, registered in real-name registration system, which can be reported as loss, but not negotiable. Two issues of treasury bonds may not be redeemed in advance during the issuance period, but may be redeemed in advance after the issuance period. The early redemption business can only be handled through the counter of the business outlets of the members of the underwriting syndicate.

　　Four, the central bank’s open market 320 billion yuan reverse repurchase expires.

　　Wind data shows that there will be 320 billion yuan of reverse repurchase due in the central bank’s open market next week (November 7 to November 13), including 50 billion yuan, 120 billion yuan, 120 billion yuan, 30 billion yuan and 0 yuan from Monday to Friday respectively, and there are no repurchase and central bank bills due.

　　Stock market outlook

　　I. Opportunities for new shares

　　Wind data shows that next week, two new shares will be listed first, and eight new shares will be purchased online.

　　On November 9th (Monday), N Wantong (stock code 830839.OC) and N Haosen (stock code 688529.SH) will be listed soon. Among them, N Wantong is a professional equipment manufacturer dedicated to the design, development and manufacture of hydraulic machinery products; N Hausen specializes in intelligent equipment, assembly technology and comprehensive solutions for complete sets of customized products.

　　On November 9th, three other companies subscribed, namely Dezhong (stock code: 838030.OC), Kangping Technology (stock code: 300907.SZ) and Huichuangda (stock code: 300909.SZ).

　　On November 10th, Northland (stock code: 430047.OC) will make a subscription.

　　On November 11th, three new shares were subscribed, namely Zhongjing Food (stock code: 300908.SZ), Mingxin Xuteng (stock code: 605068.SH) and Zhongkong Technology (stock code: 688777.SH).

　　On November 12th, Cube Pharmaceutical (stock code: 003020.SZ) will make a subscription.

　　Second, institutions look at the market

　　Gf securities: how to grasp the "production expansion" cycle of export chain?

　　A shares exclude the profit growth rate of the third quarterly report of finance -5.92% (the profit growth rate of the interim report is -25.04%). Non-financial A-shares recorded the highest Q3 quarter-on-quarter growth rate since 2003, and we revised the A-share profit forecast for the whole year. Under the assumption that the epidemic will not affect the large-scale asset impairment, it is predicted that the annual non-financial net profit growth rate of A shares will increase to double digits.

　　On the whole, in the past 20 years, the "three-table repair"+production capacity has been cleared, but the medium and long-term economic growth expectations are weak, and the enterprise’s "expansion of production" is all ready, and it still lacks the east wind; Structurally, the epidemic has reshaped the global industrial chain, and China’s export chain boom is expected to continue to improve, which is expected to start a new round of "production expansion" cycle.

　　Huajin Securities: The total amount of funds has shrunk slightly, and some pro-cyclical sectors have been added.

　　Looking ahead, it is possible that the total amount of A-share funds will tend to be stable; The total amount of new shares issued in October decreased compared with the previous month. At the same time, the rate of reduction of industrial capital in October also declined, which is expected to reduce the contraction pressure of A-share funds. However, it is worth noting that Public Offering of Fund’s positions, especially those of partial-share funds, are still at a relatively high level, and may face some pressure of position contraction in the future. It is necessary to continuously observe whether the incremental funds brought by fund issuance can cover possible fund position fluctuations.

　　The change trend of capital preference from the third quarter to the present: short-term funds turn to pro-cyclical and optional, while medium-and long-term funds pay more attention to pro-cyclical, and the intention of holding positions within technology consumption is divided.

　　Southwest Securities: New Kinetic Energy of Digital Economy Growth in 2021

　　Thoughts on stock selection in overseas industries With the Internet industry entering the second half, the competing growth among giants and the need to expand their ecology, this paper puts forward some differentiated views, such as paying attention to the ecological opening dividend of giant private domain traffic, paying attention to the cognitive gap of Internet enterprises in China, and paying attention to the overseas dimensionality reduction output of Internet models.

　　Looking forward to 2021, we will continue to pay attention to China’s Internet enterprises and spillover industries, with high-quality growth at home and new expansion overseas. With the decline of uncertainty of domestic epidemic situation, the consumer Internet field focuses on the habit solidification of epidemic situation, while the industrial Internet field focuses on value creation and C-side integration. With the uncertainty of overseas epidemic situation, we will continue to pay attention to the behavior solidification of the "home economy" industry overseas and the low-dimensional penetration of the domestic Internet model. It mainly focuses on three growth points: traffic production and precise directional distribution, data production factors and industrialization, and diplomatic geographical advantage dividend. (Zhongxin Jingwei APP)

　　BEIJING, Feb. 21 (Chen Caixia)-In the early morning of the 20th local time, US President Biden left Andrews Air Force Base for Ukraine on the presidential plane "Air Force One", and then met with Ukrainian President Zelensky in Kiev.

　　This is Biden’s first visit to Ukraine since the escalation of the Ukrainian crisis nearly a year ago. After the "lightning visit", Biden quickly left Ukraine. Although he only stayed there for less than a day, Biden’s trip undoubtedly revealed a lot of important information … …

　　A secret trip started at night

　　According to CNN, Biden’s public schedule did not reflect this trip. The visit was conducted in secret, and reporters on the accompanying plane were not allowed to carry shooting equipment. According to the report, the difference between this trip and the past is because "Ukraine is an active war zone and the US military can’t control it, which makes the visit on the 20 th different from the previous presidential visit to Iraq or Afghanistan."

　　Before Biden’s visit, many streets in the center of Kiev have been blocked by the police, and the security work of the Ukrainian military can be said to be extremely strict.

　　Biden arrived in Kiev at 8: 00 am local time on the 20th, and was greeted by Bridget Brink, the US ambassador to Ukraine. About half an hour later, Biden’s motorcade arrived at Mariinsky Palace to meet with Zelensky and his wife.

　　"Thank you for coming!" Zelensky said, holding Biden’s hand. Biden also asked, "More importantly, how are the children?" He also added, "Nice to meet you."

　　Later, Biden and Zelensky visited a church in Kiev together. At that time, an air defense alarm sounded in Kiev. As the alarm sounded, the two quickly left the scene.

　　According to the report, Biden’s entourage was few, including US National Security Adviser jack sullivan, White House Deputy Chief of Staff Jan o’malley Tommy Tam and Oval Office Operations Director Anne tomasini.

　　Biden visited Ukraine six times when he was vice president of the United States. Biden’s last visit to Ukraine before he became president was in January 2017. Before the "Lightning" visit in 2023, Biden was still the highest-ranking official of the US government who visited Ukraine. Because neither former US President Trump nor former Vice President Pence has visited Ukraine.

　　Biden announces important decisions: aid and sanctions

　　After his unexpected appearance in Ukraine, Biden said that the purpose of his visit was to reaffirm the "unswerving" support of the United States to Ukraine, and announced 500 million dollars worth of additional aid and a series of new sanctions against Russia on the same day.

　　According to the statement of the White House on the same day, the United States will provide Ukraine with more weapons and equipment such as "Haima" multi-barrel rocket shells, anti-tank systems and air surveillance radars. The specific details will be officially announced to the outside world on the 21st. In addition, during the meeting, Zelensky and Biden also discussed the supply of long-range weapons and "weapons and equipment that have never been provided to Ukraine before".

　　Biden issued a statement saying, "On the eve of the first anniversary of the Ukrainian crisis, I met with President Zelensky in Kiev today and reiterated our firm commitment to Ukraine’s democracy, sovereignty and territorial integrity."

　　Zelensky said at the press conference after the talks that Biden’s visit to Kiev will help Ukraine "get closer to victory" in this crisis and can and should ensure that this year, that is, 2023, will be a year of victory.

　　"The United States provides M1‘ Abrams ’ The decision of the tank laid a foundation for the establishment of the tank alliance, which is of historical significance, "Zelensky said. "This is a clear signal that (Russia) has no chance to win."

　　However, according to Agence France-Presse, the accompanying US national security adviser Sullivan said that Biden had sent a reminder to Moscow "a few hours" before his visit to Kiev.

　　"We did inform the Russians that President Biden will go to Kiev. We informed Russia a few hours before the visit to avoid any conflict, "Sullivan said in an interview. "Because of the sensitivity of this information, I can’t deeply understand the reaction of (Russia) or the exact nature of our information."

　　"This surprise visit is only a symbolic gesture."

　　After a hasty meeting with Zelensky, Biden left Kiev.

　　Sputnik news agency & radio reported that Vladimir Baczuk, director of the Center for American Regional Military Policy of the Institute of American and Canadian Studies of the Russian Academy of Sciences, said that Biden’s visit to Kiev was only a symbolic gesture, which meant that the United States would further support Ukraine.

　　Baczuk said, "Biden may not take a tank or a plane with him as a gift. This is purely a symbolic gesture. The United States will always support Ukraine, and this route will not change. "

　　Baczuk also said, "There will be no more Russian-American relations, so it is impossible to have any impact."

　　"I don’t think Russians will be surprised," Tatiana Stanovaya, founder of Russian political analysis company r.politik, told the British newspaper The Guardian. "For them, this will be another evidence that Washington has clearly chosen its camp … … This proves the complete separation between the West and Russia. "

　　On the 21st, Russian President Vladimir Putin will deliver a State of the Union address, analyzing that Biden’s visit to Kiev at this time may further escalate the situation in Russia and Ukraine. "I expect that Putin may take an extremely tough attitude towards the West in his annual State of the Union address tomorrow," Stanova said.

　　Japan suddenly announced a "big hand"

　　Kyodo News reported on the 20th that Japanese Prime Minister kishida fumio announced at an international forum in Tokyo that he would provide Ukraine with 5.5 billion US dollars (about 737 billion yen) in new aid.

　　However, according to data from the Kiel Institute for World Economics in Germany, from January to November 2022, including the military, financial and humanitarian fields, Japan’s support to Ukraine amounted to 600 million euros, the least among G7 countries. This time, people around Kishida explained the additional support fee: "This is a scale that is not ashamed compared with other countries."

　　According to a report by Japanese TBS TV on the 20th, kishida fumio also said that the leaders of the Group of Seven will hold an online video conference on February 24th, and Zelensky will also participate. (End)

For a long time, Aouita has maintained an efficient evolution posture, continuously driving the evolution and upgrading of its models, and giving many surprises to its users. Aouita 12, for example, recently launched the NCA function of "no map" urban area, which can easily realize intelligent driving travel on national highways, national highways, provincial highways, township roads, main roads, auxiliary roads and branch roads in the whole city, and does not need to rely on high-precision maps to further upgrade the user’s travel experience.

According to the analysis of insiders, Aouita 12′ s "no map" intelligent driving function can be successfully landed, thanks to its entry, that is, it is fully equipped with three lidar. Compared with the model with 1-2 laser radars in the same class, Aouita 12 has a wider and more dimensional detection range. At the same time, Aouita 12 is also equipped with the latest generation of Huawei’s advanced intelligent driving system ADS 2.0, so its performance in intelligent driving is far superior to that of its peers.

From the actual driving scene, because Aouita 12 is equipped with HUAWEI ADS 2.0, a high-level intelligent driving system of Huawei, and all the systems are equipped with three hidden laser radars as standard, it can realize long-distance detection over the length of a standard football field. Aouita 12 can identify tidal lane, change lanes, and easily overcome the traditional problems of intelligent driving such as turning around at intersections and construction scenes. It can also build scenes from the car body and match the navigation map with the real world. In addition, it comes standard with 19 active safety functions, so the user’s intelligent travel experience is not only more comfortable but also more comfortable.

Besides excellent intelligent driving ability, Aouita 12′ s accomplishments in "battery safety" can not be ignored. For new energy vehicles, power batteries are not only related to endurance, power and efficiency, but also determine the safety of vehicles. Therefore, Aouita 12 chose to cooperate with Contemporary Amperex Technology Co., Limited, equipped with CTP ternary lithium battery. This set of CTP ternary lithium batteries in Contemporary Amperex Technology Co., Limited has many bright spots, such as its "double energy well" submersible design, which only appears on the millions luxury car Porsche taycan, and it is known as "the only one in a million, the only one in the world". Thanks to this, Aouita 12 has a unique concave pedal area under the rear seat, with a depth of about 45mm, which makes the rear seat more spacious.

It is worth mentioning that this group of batteries in Contemporary Amperex Technology Co., Limited adopts high-strength 6-series aluminum alloy, with three horizontal and two longitudinal beams reinforced. The one-time pass rate of battery mechanical test is 100%, and the battery has passed 150+ special safety and performance tests, reaching the five-star safety standard, and supporting the highest level standard of dustproof and waterproof IP68. At the same time, Aouita 12 is fully adapted to Huawei’s liquid-cooled overcharging pile. With the help of Huawei’s liquid-cooled overcharging technology, the problem of traditional charging heating is effectively solved, and the charging efficiency is greatly improved.

To sum up, the reason why Aouita 12 can continue to be loved by users and achieve good sales performance is due to its comprehensive strength of "covering everything". Looking forward to the future, I believe that Aouita will launch more vehicles with excellent performance in intelligent driving and battery safety, so as to meet the intelligent driving expectations of users.