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Is it easy for No.9 Company and Roborock to "de-millet"?

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Recently, the performance of Xiaomi eco-chain enterprises in the capital market is very eye-catching.

Roborock, which was listed in science and technology innovation board in February, has become the second highest-priced A-share stock, with a closing price of 867.05 yuan on November 4th, second only to Kweichow Moutai. On October 29th, the second Xiaomi eco-chain enterprise No.9 was listed in science and technology innovation board, with an increase of 103.27% on the first day. As of November 4th, the market value of No.9 was 38.3 billion.

These two companies have achieved rapid development in just five years after joining the Xiaomi ecological chain, and now they have become companies with annual income exceeding 4 billion. However, after listing, it is not a long-term solution to develop into a larger enterprise by relying solely on Xiaomi. They all have a long way to go to "millet".

Why do Roborock and No.9 Company belong to Xiaomi Ecological Chain?

As a well-known angel investor, Lei Jun, the boss of Xiaomi Group, can be regarded as the invisible promoter of science and technology innovation board Company. In April 2019, when science and technology innovation board began to accept the application materials, at least five companies directly or indirectly invested by Lei Jun launched an attack on science and technology innovation board, including Roborock, No.9 Company, Juchen Company, Fangbang Company and Chuangxin Laser.

Of these five companies, four except Chuangxin Laser have successfully listed in science and technology innovation board. At the end of October, Chuangxin Laser officially decided to withdraw the relevant application materials of science and technology innovation board IPO to terminate its listing, which was the first time that Lei Jun failed in science and technology innovation board.

Although they are all invested by Lei Jun, Roborock and No.9 Company are slightly different from the other three companies. First of all, Lei Jun, the capital of these two companies, intervened earlier and held more shares. Secondly, it has a close relationship with Xiaomi. In the words of Lei Jun, it is "one of the earliest members of the Xiaomi ecological chain family."

Roborock was founded in 2014, and started out as an OEM Xiaomi sweeping robot. In 2015, it obtained Shunwei Capital and Tianjin Jinmi Investment from Lei Jun Department. After the company went public, Shunwei Capital held 9.64%, Tianjin Jinmi held 8.89%, and Lei Jun Department held 18.53% of the total shares.

Company No.9 was established in 2012, and its products include intelligent electric balance car and intelligent electric scooter. In the A round of financing in 2015, Shunwei Capital and People Better investment were obtained, among which People Better is the wholly-owned grandson company of Xiaomi. After the company went public, People Better and Shunwei Capital each held 9.82%, and Lei Jun held 19.64% of the total shares.

However, Fangbang shares and Chuangxin Laser only acquired the surprise shares of Lei Jun Department a few months before submitting the prospectus, and the shareholding ratio was not high. At present, Hubei Xiaomi Changjiang Industrial Fund only holds 2.50% of Fangbang shares.

With the rapid development of Xiaomi’s "halo" scale.

Roborock and No.9 Company have achieved rapid development after being invested by Lei Jun Department and becoming Xiaomi ecological chain enterprises.

In 2016, Roborock began to develop "Mijia Intelligent Sweeping Robot" for Xiaomi. In 2017 and 2018, Roborock successively launched its own brands of "Stone Intelligent Sweeping Robot" and "Xiaowa Sweeping Robot", and its revenue increased from 183 million to 4.205 billion. However, the growth rate of Roborock’s income has been declining year by year. In the first three quarters of 2020, the income was 2.98 billion, down 1.65% year-on-year.

Similar to Roborock, Company No.9 obtained the key fund to acquire Segway, the world’s largest balance car company, after obtaining Xiaomi investment in 2015, which became a turning point in the company’s development. However, since 2018, the revenue of Company No.9 has slowed down. In the first three quarters of 2020, the revenue was 4.318 billion, down 5.84% year-on-year.

According to the analysis of brokerage research report, the two companies relied on Xiaomi’s strong ecological potential in the early days of their establishment to quickly and smoothly spend the initial stage of the enterprise, which provided a good foundation for the subsequent development of their own brands. In the early days of the company’s establishment, Xiaomi found stable and high-quality suppliers for No.9 and Roborock with its brand advantages. Three of the top five suppliers in Roborock are also major suppliers of Xiaomi, namely Xinwangda, Side Battery and Avnet Technology.

In addition to the help of funds and suppliers, Xiaomi also has a huge user base, as well as strong online channels and extensive offline channels to help eco-chain companies quickly open the market. Eco-chain companies have advantages in sales. In 2019, the sales expense ratio of No.9 was 6.35%, the sales expense ratio of Roborock was 8.42%, and the sales expense ratio of similar companies was 23.19%. The sales expense ratios of the two companies were obviously low.

In the first three quarters of 2020, the net profit of Company No.9 returned to its mother was 85 million, and it finally achieved profitability. From 2016 to 2019, the company accumulated losses of 2.947 billion. In contrast, Roborock has a good profitability, with a net profit of 899 million in the first three quarters of 2020, a year-on-year increase of 54.47%.

The two companies grew up from scratch. In just five years after receiving Xiaomi’s investment, they succeeded in the two sub-sectors of sweeping robot and balance car respectively, which is closely related to Xiaomi’s help.

However, Xiaomi is mainly cost-effective, and supplying Xiaomi will greatly reduce the company’s gross profit margin.

Take Company No.9 as an example. The average unit price of the same product sold to Xiaomi is 15%-20% lower than the average selling price of the company. In the past three years, the gross profit margin of products sold to Xiaomi has decreased year by year. Roborock is similar to No.9. In 2018, the gross profit margin of Mijia sweeping robot was 14.99%, while that of stone sweeping robot was as high as 42.06%, a full difference of 27.07 percentage points.

The Difficult Road for Eco-chain Enterprises to "Millet"

The two companies quickly opened up the market awareness by OEM for Xiaomi, but relying solely on Xiaomi’s platform is not enough to support its long-term development. Therefore, Xiaomi eco-chain enterprises such as Huami, Stone and No.9 have started to launch their own brands, expand sales channels and promote "millet" after they started their brands.

For example, while Roborock and No.9 Company sell their own brands through Xiaomi’s channels, they cooperate with e-commerce channels such as JD.COM, Suning and Tmall, and go hand in hand online and offline.

However, it is not easy to "millet".

From 2016 to 2019, the first customers of the two companies were Xiaomi Group. In 2019, Roborock’s income from Xiaomi was 1.441 billion, accounting for 34.27%; Company No.9′ s revenue from Xiaomi was 2.400 billion, accounting for 52.33%. In terms of income, the income of the two companies from Xiaomi showed a downward trend. However, the decline in the purchase amount of Xiaomi in 2019 led to a sharp slowdown in the revenue growth of the two companies, and Xiaomi can still have a greater impact on the company.

Although Roborock’s dependence on Xiaomi has decreased significantly, there are still hidden dangers in the company’s development. The products are single, and the revenue of sweeping robot business accounts for 98%.

At present, the sweeping robot industry is still in the development stage, with more than 200 brands on the market and fierce competition in the industry. The data shows that from 2014 to 2019, the retail sales of sweeping robots in China increased from 2.2 billion to 8 billion, with a compound annual growth rate of 29%. The top three brands in the domestic market are Cobos, Mijia and Stone, with market share of 49.4%, 12.0% and 11.1% respectively. Although the market share of stone’s own brand ranks third, many of them are brought by Xiaomi aura. If we get rid of Xiaomi and rely on stone itself, will it still be competitive?

Company No.9 is similar to Roborock. According to the prospectus of Company No.9, the compound annual growth rate of China’s balance car production is only 2.3% from 2015 to 2019, and the demand in 2019 is only 3.9 million units, which is less than 25% of the production. The development space of the balance car market is not high. Moreover, No.9 is more dependent on Xiaomi in terms of income, and it is even more difficult to "millet".

The ultimate success of Xiaomi eco-chain enterprises is that every enterprise has the ability of self-survival, making efforts in products, channels, supply chains and other aspects, and gaining a bigger market and achieving higher returns on the basis of Xiaomi platform. It’s just a difficult road to "millet".

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Interpretation of the T9 configuration of Chery Fengyun, recommending comfort type.

On May 21st, six models were officially launched, with the price range of 129,900-169,900 yuan. Chery locates a medium-sized SUV, which is available in 5-seat and 7-seat versions. It is equipped with a 1.5T Kunpeng Super C-DM plug-in system, and CLTC has a pure battery life of 120km. So what is the performance of this car’s configuration strength?

In terms of appearance design, the front face of Chery Fengyun T9 adopts a closed grille design, with vertical decorative strips embedded in the middle and vertical air ducts on both sides, which enriches the details of the front and adds a sporty atmosphere to the whole vehicle.

On the side of the car, the elegant waistline design makes the whole car show a more slender visual effect. At the same time, it is equipped with a hidden door handle, and the suspended roof design adds a fashionable atmosphere to the whole car.

At the rear of the car, the through taillights light up like a covered bridge across the lake, which not only improves the recognition, but also has great beauty. The unique rear bumper design, the two decorative panels look very individual, and the bilateral hidden exhaust layout enhances the sportiness of the whole vehicle.

In terms of body color, Chery Fengyun T9 offers 6 body colors. In terms of car body size, Chery Fengyun T9 is 4795mm long and 1930mm wide. Because there are two versions of 5-seat and 7-seat, the height of the car body is different. The 5-seat version is 1738mm high, the 7-seat version is 1741mm high and the wheelbase is 2770 mm.

In terms of lighting configuration, Chery Fengyun T9 headlights have a long and narrow shape. The whole system comes standard with LED high and low beams, adjustable headlight height and delayed headlight turn-off. At the same time, all other models are equipped with adaptive high and low beams except the entry version. In addition, the car comes standard with a touch reading light. In addition to the entry version, other models are equipped with 256-color interior atmosphere lights.

Inside the car, the whole design of Chery Fengyun T9 is simple, the top is treated by enameling technology, the middle is decorated with wooden decorative boards, and the lower part of the decorative boards is wrapped with leather materials, equipped with speakers. In addition, in addition to the entry version, other models are equipped with double laminated glass in the front row. The model adopts Chery’s latest family-style design, which can be manually adjusted up and down+back and forth. Chery Fengyun T9 is equipped with a 10.25-inch full LCD instrument panel and a 15.6-inch central control panel, equipped with a Snapdragon 8155 chip, and the top model is also equipped with a HUD head-up display.

The seat of Chery Fengyun T9 is made of imitation leather. Except for the entry-level model, both the main seat and the co-driver seat support electric adjustment, as well as back and forth movement and height adjustment. At the same time, it is equipped with heating and ventilation functions; Of course, there is also a massage function on the high-profile models. In addition, the Chery Fengyun T9 also has a one-button reclining function for the Queen’s co-pilot, which is equipped with a 10-point massage. The maximum opening angle of the leg rest of the cushion reaches 128, and the maximum opening angle of the backrest of the cushion reaches 125. At the same time, Chery Fengyun T9′ s 7-seat version of the second and third rows of seats supports one-button down, instantly transforming into a 2.1m2 spacious bed, and the second row of seats also has one-button movement function, which is convenient for entering and leaving the third row.

Chery Fengyun T9 is equipped with 7 remote airbags (as standard). Except for the entry-level model, all other models are equipped with L2-class driving assistance function, 540-degree image, full-speed adaptive cruise, and start reminder. In addition, in addition to the entry-level model, other models are equipped with 5 cameras and 4 ultrasonic radars.

Chery Fengyun T9 is equipped with a system, equipped with the fifth generation 1.5TGDI hybrid power, with a maximum power of 115kW, which is 220N·m;; The motor power is 150kW, the peak torque reaches 310N·m, which is 265kW, and the comprehensive torque is 530 N m.. According to the usage scenario, this power system can automatically switch between four driving modes: pure electric, hybrid, extended range and fuel, and CLTC has a pure electric cruising range of 120km.

There are three models of the five-seat version. Compared with the other two models, the driving assistance and comfort assistance configuration of the entry version of 129,900 yuan can only meet the basic travel needs, and there is no more additional configuration. The 142,900-yuan long-life comfort model and the 155,900-yuan long-life luxury model are equipped with L2-class assisted driving, 50W mobile phone wireless charging and electric induction trunk. The front seats are equipped with heating and ventilation functions, especially the 155,900-yuan long-life luxury model is also equipped with parallel assistance, reversing car side warning system and massage function of the front seats. Among these three models, the comfort model with a long battery life of 142,900 yuan is more recommended, with more points in configuration and improved comfort, which can be taken into account in daily household travel.

Compared with the other two models, the 7-seat version has three models. Compared with the other two models, the 146,900-yuan long-life version is comfortable, equipped with L2-class driving assistance, 4 ultrasonic radars, and the main and auxiliary seats are equipped with front and rear, backrest and height adjustment functions. The whole configuration is remarkable, meeting the travel needs of families with large population, and the comfort of the front row is also in place. If 7 seats are considered, it is recommended to start with this car.

The 159,900-yuan long-life luxury model, the seat material is upgraded to leather, the auxiliary seat is equipped with leg rest adjustment function, and the air quality monitoring function is also added. At the same time, the front seat is equipped with massage function, the front and rear ultrasonic radars are 6, and the DOW door opening warning is added to the driver’s assistance. The price has increased by 13,000 yuan, so there is no need to upgrade these configurations for home use.

The flagship model with a long battery life of 169,900 yuan has added an in-car camera, and it is also equipped with facial recognition and voiceprint recognition functions. The main driver’s seat is equipped with headrest speakers, and the second and third rows of seats support electric adjustment. The rear seats also have electric reclining function, and the number of speakers is upgraded to 14; In addition, HUD head-up display has been added. The whole configuration is full, and the price is close to 170,000 yuan. If you want to travel more comfortably, the budget is enough, so you can consider this one.

Among the six models of Chery Fengyun T9, the 5-seat version is recommended to buy a comfortable version with a long battery life of 142,900 yuan; The 7-seat version is recommended to buy a comfortable version with a long battery life of 146,900 yuan. Combined with the current preferential policies for car purchase introduced by Chery, including the maximum of 15,000 yuan, three-power lifetime warranty, vehicle lifetime warranty, two-year free entertainment traffic, free charging piles and installation services, and lifetime free road rescue, these two cars are more cost-effective and can meet household needs in configuration.

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Increase fiscal, taxation and financial support. The return rate of logistics enterprises exceeds 60%

  In recent days, the network operation center of Qinhuangdao Branch of China Post Group Company, located in Lingang Logistics Park, Haigang District, Qinhuangdao City, Hebei Province, has been doing a good job in epidemic prevention and control, and at the same time, it has seized the time to sort express parcels to ensure smooth logistics and transportation.

  Photo by Cao Jianxiong (People’s Vision)

  Since the outbreak of the COVID-19 epidemic, the production and operation of logistics enterprises have been greatly affected, and the social logistics cost has risen in stages. In view of these problems, Gao Gao, Deputy Secretary-General of the National Development and Reform Commission, pointed out at the press conference held by the the State Council Joint Prevention and Control Mechanism on March 6 that at present, the key point is to solve the obstacles and operating cost pressure faced by logistics enterprises and support the logistics industry to resume normal operation as soon as possible; In the future, efforts should be made to promote the construction of a safe and efficient logistics operation system and further enhance the ability of the logistics industry to cope with external shocks and serve the national economy.

  The return to work rate of logistics enterprises exceeds 60%

  The logistics industry plays an important supporting role in coordinating the prevention and control of epidemic situation and economic and social development. What is the situation of returning to work?

  Gao Gao introduced that at present, there are about 400,000 logistics-related legal entities in China, with more than 50 million employees. By the end of February, the proportion of logistics enterprises in China has exceeded 60%, the road freight market has continued to pick up, the vehicle operating rate has been restored to 70%, and the rate of returning to work in logistics parks is close to 90%, especially for a number of national logistics hubs and demonstration logistics parks.

  Regarding the express delivery that people are concerned about, Liu Jun, deputy director of the State Post Bureau, said that after the outbreak, the State Post Bureau organized and mobilized the postal express delivery industry to fully guarantee the transportation and delivery of epidemic prevention materials and the distribution of daily necessities, and to distinguish enterprises from orderly resumption of work and production, speed up the smooth economic cycle, and strive to meet the needs of people’s livelihood. At present, there are nearly 3 million people who have returned to work in the postal express delivery industry, with a return rate of 90.2%, handling more than 160 million pieces of express mail every day, and a recovery rate of over 80%.

  "Judging from what we have learned in the past few days, the situation of resuming work and production continues to improve. Logistics related to daily necessities, such as express delivery, has a relatively fast recovery speed, and the rate of returning to work and the yield are relatively high. Relatively speaking, productive logistics is extensive and involves the coordination and linkage of different industries and different upstream and downstream, and the recovery situation is weaker than that of life logistics. " Gao Wei said.

  Get through the blocking point of agricultural products entering the city

  The overall situation is improving, but problems such as the failure to return to work and the ineffective guarantee of the timeliness of mail express still exist. Liu Jun pointed out that postal express delivery enterprises belong to network enterprises. Due to the epidemic control policy, the production capacity recovery area is not balanced enough. Distribution centers, municipal processing sites and terminal business outlets in some areas such as Hubei have not resumed normal operations, which has a direct impact on the smooth operation of the whole network.

  "During the epidemic, some communities and rural areas were under strict control, and the courier brother could not deliver normally. Especially now, the utilization rate of smart express boxes is less than 50%, which directly affects the delivery efficiency." Liu Jun said that at the same time, the production capacity of upstream SMEs of some e-commerce companies has recovered unevenly. Some consumers have placed orders, but they cannot generate packages in time, which also has some impact on the whole time limit.

  Liu Jun said that in order to ensure the quality of service, the State Post Bureau requires delivery enterprises to effectively guarantee the production capacity of personnel, transportation capacity and equipment, strengthen the management and scheduling of reasonable time limit for express mail, and give priority to dealing with the backlog and problems caused by the epidemic. In the next step, it is necessary to keep the "green channel" for the transportation and delivery of epidemic prevention materials unimpeded, and timely and efficiently distribute the needed materials for the front line of epidemic prevention and control. At the same time, it is necessary to give priority to the distribution of basic living materials for residents in closed management areas, concentrate on the delivery service of agricultural and sideline products into cities, and help solve the problem of unsalable agricultural products. "Now the epidemic situation has a greater impact on agricultural products entering the city. Recently, our focus has been on getting through the blocking points in this area and smoothing the circulation channels."

  "We will continue to promote the resumption of work in the express delivery industry in stages and continuously improve the production capacity according to market demand." Liu Jun said that it is preliminarily predicted that by mid-March, except Hubei, the whole network will basically return to normal.

  Increase fiscal, taxation and financial support

  "This epidemic has had a great impact on the logistics industry. Recently, the National Development and Reform Commission, together with relevant parties, aimed at the outstanding problems that restrict the resumption of production and long-term development of the logistics industry, in accordance with ‘ Combination of distance and overall consideration ’ The principle of putting forward a series of policy measures. " Gao Wei said.

  The intensity of tax reduction and fee reduction has increased in stages. Within a certain period of time, we will continue to implement the policy of halving the urban land use tax for bulk commodity storage land that expired at the end of last year. From March 1 to June 30, the port construction fee for import and export goods will be exempted, and the government-set charges such as port charges and port facility security fees will be reduced by 20%, and the compulsory emergency response services and charges for non-tanker cargo ships will be cancelled. Before the end of June, the railway insured price, the delayed use of containers, the detention of trucks and other fees will be halved. Transportation and logistics enterprises that perform emergency transportation tasks during the epidemic prevention and control period belong to the government’s purchase of public services, and governments at all levels should give compensation.

  In terms of financial support, Gao Gao introduced that the national list of key enterprises for epidemic prevention and control is being published in a rolling way, and several groups of key logistics enterprises have been recommended to be included in this list, and financial institutions can provide them with preferential interest rate loans by using special refinancing. At the same time, ease the financial pressure of small and micro logistics enterprises with a wide range and a large quantity, and encourage financial institutions to temporarily postpone the repayment of principal and interest on their loans, especially not to borrow, keep lending and keep lending.

  "Policy measures also involve accelerating the improvement of the emergency logistics system, deepening the adjustment of cargo transportation structure, and improving the level of modern supply chain." Gao Gao said that the National Development and Reform Commission will work with relevant departments and localities to implement relevant policies, support and guide logistics enterprises to resume work and production in an orderly manner, increase dynamic monitoring of the operation of the logistics industry, promote the transformation and upgrading of the logistics industry, improve quality and efficiency, and provide a strong guarantee for the sustained and healthy development of the national economy.

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In 2017, the top ten archaeological discoveries in China revealed why these projects were selected.

  BEIJING, Beijing, April 11 (Reporter Song Yuxi Ying Ni) On the 10th, after a one-and-a-half-day presentation, the "Top Ten New Archaeological Discoveries in China in 2017" was announced in Beijing.

  The reporter learned from the press conference that Xinjiang Jimunai Tongtiandong Site, Shandong Zhangqiu Jiaojia Site, Shaanxi Gaoling Yangguanzhai Site, Ningxia Pengyang Yaoheyuan Western Zhou Site, Henan Xinzheng Zhenghan Ancient City Site, Shaanxi Xi ‘an Qin and Han Quercus City Site, Henan Luoyang Eastern Han Mausoleum Archaeological Investigation and Excavation, Jiangxi Yingtan Longhushan Dashangqing Palace Site, Jilin Antu BMW City Jin Dynasty Changbai Mountain Temple Site, Sichuan Pengshan Jiangkou Shenyin Site were selected as "2017"

  Why are these new archaeological discoveries selected? The reporters sorted them out one by one.

  Xinjiang Jimunai Tongtian Cave Site

  Tongtian Cave Site is located in a granite cave in the northeast of Kuotasi Village, Thost Township, Jimunai County, Altay Prefecture, Xinjiang Uygur Autonomous Region. It is located in Altay Prefecture, Xinjiang, and is the main road leading to Central Asia and Europe in the northwest of China.

  As the first Paleolithic cave site found in Xinjiang, it completely preserves the remains of ancient human life and residence from the Paleolithic to 3,500 years ago.

  Paleolithic tools were found in the site — Copper and stone are used together — Bronze — The continuous stratigraphic section of the Early Iron Age not only fills the blank of prehistoric cave archaeology in Xinjiang, but also is a major discovery of paleolithic archaeology in China, which is of great significance for understanding the evolution and development process of ancient humans in Xinjiang for more than 40,000 years and establishing the chronological framework of regional cultural development. In addition, earlier wheat in China was found in the site.

  Jiaojia Site in Zhangqiu, Shandong Province

  Jiaojia Site in Zhangqiu District, Jinan is located in the piedmont plain on the north side of Taiyi Mountain System, and its main era is the middle and late stage of Dawenkou culture. Abundant cultural remains of Dawenkou were found in the excavation.

  In the ruins, the orderly arrangement of housing materials in space fills the gap in the study of living form in the middle and late stage of Dawenkou culture in central and northern Shandong Province. At the same time, the excavated tomb materials are extremely rich, and the funerary objects are common jade cymbals, jade bracelets, pottery cups with high handles, white pottery and painted pottery.

  It is worth mentioning that it has been reported before that archaeologists found that the tallest male owner of the tomb actually reached 1.9 meters in length by measuring human bones, and many of them exceeded 1.8 meters.

  Yangguanzhai Site in Gaoling, Shaanxi Province

  Yangguanzhai Site is located in the east of Group 4 of Yangguanzhai Village, Jijia Street, Gaoling District, Xi ‘an City, Shaanxi Province, and is a central settlement in the middle and late Yangshao period in Guanzhong area.

  In 2015-2017, Shaanxi Institute of Archaeology discovered a large public cemetery when it carried out targeted archaeological excavations in the northeast of the site. After preliminary investigation, the total area of the cemetery is over 85,000 square meters. At present, the excavated area is about 3,800 square meters, and 343 prehistoric tombs have been discovered.

  Archaeological results show that the tombs are all buried by one person at a time, and the human bones are intact, with abnormal death and human bone displacement. Earlier, it was also reported that among the excavated tomb sites, there were tomb owners who "appeared to have been ‘ Chop hands ’ The strange phenomenon. "

  Western Zhou ruins of Yaoheyuan, Pengyang, Ningxia

  Yaoheyuan Site is located in Xinji Township, Pengyang County, Ningxia, and it is a large Western Zhou Dynasty site first discovered in the upper reaches of Jingshui River in southern Ningxia.

  Water networks, road networks, trenches, walls and ash pits are found in the residential area. The burial area is located in the northeast of the site, and more than 50 tombs, horse pits, chariot pits and sacrificial pits have been drilled.

  The discovery of these important relics shows that the Yaoheyuan site has an unusual rank and status, and belongs to a Duyi site that was sealed off by the Western Zhou Dynasty. The site of Yaoheyuan provides valuable new information for understanding the political structure of the Western Zhou Dynasty and the relationship between the Zhou Dynasty and the northwest border areas.

  Henan Xinzheng Zhenghan Ancient City Ruins

  The site of Beichengmen, the ancient city of Zheng and Han, is the first scientific excavation of the city gate of Zheng and Han in history. It not only fully reveals the structure of the city gate during the Spring and Autumn Period and the Warring States Period, but also confirms the record of "Qumen" in the history books, which plays a role in proving history and school history. At the same time, the wall of the urn city with a defense system during the Warring States period was also discovered, which was also discovered for the first time in the ruins of the king city in the Eastern Zhou Dynasty in the Central Plains.

  The No.3 chariot pit in Zheng State is another great discovery after the tomb of Zheng Gong. There are 4 wooden carts left in the pit, and in addition to the previous excavation, there are 48 buried carts and more than 124 horses in Zhenggong Tomb, and many vehicles and horses have been unearthed, which is rare in archaeological discoveries in the Eastern Zhou Dynasty.

  It is worth mentioning that the colorful mat ceiling decorated with bronze and bone artifacts and the large-scale car with a length of about 2.2 meters provide an important academic basis for studying the burial system and customs of horses and chariots in the Zhou Dynasty in China.

  Ruins of Liyang City in Qin and Han Dynasties in Xi ‘an, Shaanxi Province

  The site of Liyangcheng is located in yanliang district, Xi ‘an City, Shaanxi Province. In 2013, Epang Palace and Shanglinyuan Archaeological Team restarted the archaeological work of Liyang in order to further determine the protection scope of the site and provide information for the protection planning.

  This archaeological survey revisited the south wall, the west wall and the north wall (numbered "No.1 Ancient City") of the archaeological exploration site in 1980-1981, and identified "No.2 Ancient City" and "No.3 Ancient City" through exploration and excavation, and identified a number of large palace buildings in No.3 Ancient City.

  According to the documents and unearthed relics, the upper limit of No.3 ancient city was not earlier than the mid-Warring States period, which coincided with the time when Qin Xiangong and Xiaogong built the capital, namely, Liyang, Qin Dou, in the Warring States period, where Shang Yang’s political reform took place.

  In the archaeological investigation and excavation project of the Eastern Han Dynasty Mausoleum in Luoyang, Henan Province, the east of No.1 abutment of Zhucang M722 Mausoleum Site and the east gate of Inner Mausoleum are located. Photo courtesy

  Archaeological Investigation and Excavation of the Eastern Han Mausoleum in Luoyang, Henan Province

  Luoyang Institute of Cultural Relics and Archaeology, combined with the project "Archaeological Investigation and Survey of Mangshan Mausoleums", conducted a large-scale investigation and exploration of the Eastern Han Mausoleum and its cemetery sites, with a total exploration area of 2.56 million square meters. Through more than ten years of archaeological work, the basic characteristics of the tombs of the Eastern Han emperors have been clarified.

  The enclosure plane of the Eastern Han Mausoleum is circular, and the tomb is a "A"-shaped tomb with a long slope, and the tomb is facing south. The layout of the Eastern Han Dynasty cemetery sites has gradually become clear. The Eastern Han cemetery adopted the internal and external cemetery system. Inner cemetery is centered on the buried tomb of Empress Dowager, surrounded by surrounding walls or roads. The outer cemetery is mainly based on a large area of rammed earth buildings, which are concentrated in the northeast side of the inner cemetery.

  This series of investigations and excavations provide important reference materials for studying the connotation and evolution of the mausoleum system in the Eastern Han Dynasty and further discussing the ownership of the tombs, which provides important support for the protection of the Eastern Han Mausoleum in Luoyang in the future.

  Site of Dashangqing Palace in Longhushan, Yingtan, Jiangxi Province

  Dashangqing Palace Site is located in the east of Shangqing Town, Longhu Mountain, Yingtan City, Jiangxi Province. It was discovered in June 2014, and then Jiangxi Provincial Institute of Cultural Relics and Archaeology carried out archaeological excavation for nearly four years.

  At present, it has been revealed that the core area of the Great Shangqing Palace is 5,000 square meters east of the central axis of the Palace. The building bases are Longhumen, Yuhuang Hall, Houtu Hall, Sanqing Pavilion, Sanguan Hall, Wuyue Hall, Emperor Hall, Wenchang Hall, Ming and Qing Dynasties Monument Pavilion, East Wing Room, etc., surrounded by brick courtyard walls.

  Through the mutual textual research with the literature records, it is inferred that the building age of the main temple base site is Ming Dynasty. A large number of building materials from Song Dynasty to Qing Dynasty, such as tiles, dripping water, ridged beasts, stone railings, and household utensils, such as money and ceramics, were unearthed from the site of Dashangqing Palace, which provided valuable materials for exploring the historical evolution and construction art of Dashangqing Palace, and also provided valuable first-hand materials for studying the development history of Taoism and Taoist archaeology.

  Ruins of Changbai Mountain Temple in Jin Dynasty in BMW City, Antu, Jilin

  The site of Baomacheng is located in Baihe Town, Erdao, Antu County, Jilin Province. In the past, academic circles thought that the site was built in Bohai Sea and was used by Liao and Jin Dynasties. Jilin Provincial Institute of Cultural Relics and Archaeology and Frontier Archaeology Research Center of Jilin University conducted continuous exploration and excavation from 2014 to 2017, and basically grasped the layout of the building group, the shape and function of the main single buildings in BMW City, and also got a preliminary understanding of the direction of the drainage system inside and outside the city. More than 5,000 pieces of various relics were unearthed, among which the "Guichou" (1193) jade album unearthed in 2016 confirmed that it was the Changbai Mountain Temple built by the Jin Dynasty royal family.

  The site of Baomacheng is an important archaeological discovery in Liao and Jin Dynasties in recent years, which provides valuable information for the study of material culture and official architecture in Jin Dynasty. The excavation of this site is the first discovery of the remains of the national mountain sacrifice outside the Central Plains, which is of great value to understanding the pattern of the temple of Duci in Yuehai Town during the Song and Jin Dynasties and exploring the development of the etiquette system in the Jin Dynasty. It is also of great significance to studying the border strategy of the Jin Dynasty and exploring the formation and development of a unified multi-ethnic country in China, and will also have a positive and far-reaching impact on enriching the connotation of Changbai Mountain’s long history and culture.

  Shenyin Ruins in Pengshan Jiangkou, Sichuan

  Jiangkou Shenyin Site is located in the Minjiang River in Jiangkou Town, Pengshan District, Meishan City, Sichuan Province, about 60 kilometers south of Chengdu, with an area of about 1 million square meters.

  From January to April, 2017, Sichuan Institute of Cultural Relics and Archaeology, together with National Cultural Heritage Administration Underwater Cultural Heritage Protection Center and Pengshan District Cultural Relics Protection Management Office of Meishan City, carried out the first archaeological excavation of the Shenyin site in Jiangkou, with a total of more than 30,000 pieces of various cultural relics, which proved the legend of Shenyin in in Jiangkou, Zhang Xianzhong, and made a major breakthrough.

  The unearthed cultural relics include the gold seal book belonging to the Daxi regime in Zhang Xianzhong, gold coins, silver coins and copper coins of Dashun Tongbao, and silver ingots engraved with the name and year of Daxi. From the time point of view, it lasted from the middle of Ming Dynasty to the late Ming Dynasty. Geographically, these cultural relics came from Henan in the north, Guangdong and Guangxi in the south, Sichuan in the west and Jiangxi in the east, covering more than half of China in the Ming Dynasty.

  The excavation of the Shenyin site in Jiangkou and the emergence of a large number of precious cultural relics are of great significance to the study of the political system, social economy, material culture and even the social and historical trend in the late Ming and early Qing dynasties. (End)

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Huang Xiaoming’s "Let Love Go Home Yellow Bracelet Plan" issued nearly 200,000 pieces in four years.

  On October 23rd, 2016, Huang Xiaoming’s "Let Love Go Home and Prevent Lost Yellow Bracelet" free distribution activity came to an end in Qingdao. With the project entering the fourth year of the five-year plan, the Huang Xiaoming version of the yellow bracelet has been distributed to more than 10 provinces and cities in China, Hong Kong Special Administrative Region and the United States, and nearly 200,000 pieces have been distributed, radiating more than half of China, causing heated discussion. In 2016, the "Huang Xiaoming Let Love Go Home" anti-lost yellow bracelet project won the "Golden Reward" China Public Welfare Index New Media Communication Award, which was unanimously recognized by both inside and outside the industry.

  Huang Xiaoming: I hope to improve people’s public welfare awareness of helping others.

  It is reported that Huang Xiaoming personally made a five-year plan for "Let Love Go Home and Prevent Lost Yellow Bracelet in Huang Xiaoming", and this year is the fourth year of the project. Huang Xiaoming Tomorrow Love Fund continues to exert its strength. After being distributed in more than 10 provinces and cities nationwide in 2015, yellow bracelets will be distributed free of charge in Tianjin, Shandong, Fujian, Shaanxi, Zhejiang, Sichuan and Shenyang in 2016. In order to let more people know and receive the Yellow Bracelet, volunteers not only went deep into the community, but also specially chose hospitals, cinemas and other public places to distribute it. While benefiting the elderly, children and vulnerable groups, they also passed on Huang Xiaoming’s public welfare concept to more young people. In the past four years, Huang Xiaoming has repeatedly advocated the charity concept of actively helping others in Weibo and the media with the help of the Yellow Bracelet Project: When you see old people or other special people walking alone with yellow bracelets on the street, they may be in danger or confused. Please check their yellow bracelets and help contact their families.

  As the highlight of the project in 2016, on the day of the Double Ninth Festival on October 9, Huang Xiaoming asked its love fund to come to the site of the Third Olympic Games for the elderly and distributed 3,000 yellow bracelets to the old people. With the orderly distribution and patient explanation of volunteers, the old people rushed to get the yellow bracelets, which became a beautiful landscape at the site of the "Old Olympics".

  Huang Xiaoming, who has been insisting on charity for more than 10 years, not only pays attention to the vulnerable groups such as the elderly and children, but also has made great achievements in the charity industry: in April 2016, Huang Xiaoming and his wife Angelababy won the "Most Charitable Influence" award in the China Charity Celebrity List, becoming a veritable "celebrity first good"; In May, Huang Xiaoming appeared on the cover of The Philanthropist of China, becoming the first performing star with a single cover. Respecting, respecting and loving the elderly, Huang Xiaoming launched the project "Let Love Go Home-Anti-Lost Yellow Bracelet" in 2013. The beautiful and practical yellow bracelet not only benefited many patients with Alzheimer’s disease, the elderly, children and patients with independent disabilities, but also popularized the public welfare concept and knowledge of anti-lost yellow bracelet by leveraging the influence of Huang Xiaoming. Huang Xiaoming said many times in the interview: It is not the purpose to distribute the yellow bracelet to prevent loss for free, but our biggest purpose is to let people develop the public welfare consciousness of helping people in trouble when they see them.

  Anti-lost yellow bracelet in China, word of mouth and professional double affirmation.

  On October 19th, the project "Let Love Go Home in Huang Xiaoming-Prevent Lost Yellow Bracelet" won the 2016 "Golden Reward" China Public Welfare Index New Media Communication Award in Shanghai, making it one of the outstanding projects with both influence and professionalism in the industry.

  "The yellow bracelet is so practical that I am never afraid of getting lost after wearing it!" On October 23, an old man in Qingdao, Shandong Province got a yellow bracelet for preventing loss, which was distributed free of charge by volunteers of Love Fund tomorrow, and repeatedly praised it. With the increase of the elderly population in China, the number of elderly people suffering from Alzheimer’s Harmo’s disease, disability and dementia has increased dramatically. In 2012, Huang Xiaoming launched the project "Let Love Go Home-Prevent Lost Yellow Bracelet", and advocated: "When I see elderly people, children or people with mental disorders who travel alone wearing yellow bracelets, they are probably in danger or at a loss. I will respond to Huang Xiaoming’s appeal, check the information on their yellow bracelets in time, and help them go home! I will do my best to influence people around me to do the same. "

  Since the launch of the Lost Yellow Bracelet Project four years ago, Huang Xiaoming Tomorrow Love Fund has distributed nearly 200,000 yellow bracelets to 13 provinces in China for free, and all the yellow bracelets have been applied for everywhere, which is a hot scene. On the official Weibo of Huang Xiaoming Tomorrow Love Fund, the online application for the yellow bracelet has been forwarded by nearly 10,000 people. Among these netizens who applied for the yellow bracelet, there are many touching stories. Netizen HuMeng-J said that she once saw an old man wearing a yellow bracelet anxiously mistaking her for her family in a commercial street. Knowing about the knowledge of the yellow bracelet, she helped the old man to contact his family through the yellow bracelet, although only one street away, but the old man in a crowded commercial street could not contact his family. After this incident, the netizen applied for a yellow bracelet for his nephew in the online distribution of the Love Fund tomorrow, "I will bring it to my nephew when I go out later." Among the applicants for tomorrow’s Love Fund network, there are not only single mothers who can’t accompany their sons every day, but also many children of elderly people with Alzheimer’s disease. Some elderly people were veterans of the Anti-Japanese War, some elderly people were lost several times, which made their families anxious, and some children used to equip the elderly with mobile phones and carry information cards with them to prevent them from getting lost, but it was not a long-term move. "My grandmother is a die-hard fan of Huang Xiaoming, but she is old. She almost got lost last time. I want to send her a yellow bracelet from Huang Xiaoming on her birthday this year. My grandmother must be very happy to see the gift from her idol!" Behind the little yellow bracelet,It is a family’s affection for the old people that blood is thicker than water, and the practicality of the yellow bracelet is also vividly reflected in the continuous distribution.

  Huang Xiaoming once said, "Let charity become a habit". With the joint efforts of Huang Xiaoming and Tomorrow’s Love Fund, I believe that the Yellow Bracelet will surely become a popular public welfare concept and a "love messenger" who warms thousands of families.

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How much is Chang ‘an Ford Focus?

When it comes to Focus of Changan Ford, car buyers are most concerned about its price. At present, a new generation of Focus has been launched, offering six car models with the price range of, including 1.5L manual jump-forward, automatic jump-forward, and different configurations equipped with EcoBoost and coboost 180. In addition, the hatchback version of the model was also launched simultaneously, and the price also started at 108,800 yuan.

For those users who pursue a sense of sports, Changan Ford has equipped the STLine version for Fox to enhance the sports atmosphere of the vehicle through details such as appearance kits and sports seats. In terms of body size, the sedan version is 4647/1810/1468mm, the hatchback version is 4378/1810/1468mm, and the wheelbase is 2705 mm. In terms of power configuration, Fox provides three inline three-cylinder engines of 1.5L, 1.0T and 1.5T, with maximum power of 122 HP, 127 HP and 184 HP, respectively, with 6MT, 6AT or 8AT transmissions.

Regarding tire prices, Fox offers a variety of choices according to different models and tire brands. For example, the tire price range of the 2012 1.6L model is that the reference price of Dunlop tire SPSPORTLM703 is 600 yuan. In order to meet the needs of different consumers, tires also have many characteristics, such as reducing noise, improving drainage performance and handling stability.

长安福特福克斯

Generally speaking, the price and configuration of Changan Ford Focus provide consumers with rich choices and meet their different needs for performance, comfort and price. If you are interested in specific models, it is suggested that you consult dealers directly or inquire online for more accurate quotations and detailed information.

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Holding a group for the winter, Nissan and Honda are going to merge?

Image source: Du Ge

On December 18th, some media reported that Nissan Motor Co. and Honda Motor Co. planned to negotiate on the merger to better compete in the rapidly changing global automobile industry. It is reported that Honda and Nissan are considering setting up a holding company to operate, and plan to include Mitsubishi Motors under the holding company. At present, Nissan holds 24% of the shares of Mitsubishi Motors and is its largest shareholder.

Subsequently, it was reported that Hon Hai Precision, Foxconn’s parent company, had approached Nissan about the shareholding. In view of the precedent of Foxconn’s acquisition of Sharp in 2016, its shareholding intention may stimulate Honda and Nissan’s anxiety about the acquisition, thus accelerating the merger process of the two.

However, both Honda and Nissan responded in official website that, as announced in March and August this year, Honda, Nissan and Mitsubishi have combined their respective advantages and are considering various possibilities for future cooperation, but no decision has been made.

If the merger takes place, Nissan, Honda and Mitsubishi will become the third largest automobile manufacturer in the world after the merger, second only to Toyota and Volkswagen. The merger will also be the biggest deal in the automotive industry since the formation of Stellantis by FCA Group and PSA Group in January 2021.

one

The situation is not optimistic.

At the end of last month, some media reported that Nissan was facing a bankruptcy crisis and its cash flow could only last for 12-14 months.

In the first half of fiscal year 2025 (April-September 2024), Nissan’s operating income was 5.98 trillion yen, down 1.3% year-on-year; Operating profit was 32.908 billion yen, down 90.2% year-on-year; The net profit was 19.223 billion yen, down 93.5% year-on-year; The operating profit margin was only 0.5%, compared with 5.6% in the same period last year.

China is an important single market for Nissan, which is facing the decline of sales. According to the data of Nissan China, from January to November, 2024, the cumulative sales volume of Nissan China, including passenger cars and light commercial vehicles, was 621,700 units. In the same period of last year, it was 694,900 units, a year-on-year decrease of 10.53%.

On November 7th, Nissan Motor Co. announced that it would cut its annual profit forecast, and it would lay off 9,000 people worldwide and cut its global production capacity by 20%. In addition to lowering the annual profit forecast and layoffs, Nissan Motor Co., Ltd. is taking measures including reducing sales, comprehensive and administrative expenses, reducing costs and optimizing asset mix, hoping to reverse its performance. At the same time, President and CEO Makoto Uchida of Nissan Motor Co., Ltd. will voluntarily give up 50% of his monthly salary from November this year, and other members of the Executive Committee will also voluntarily reduce their salary accordingly.

At the same time, Nissan Motor Co., Ltd. also announced that it will reduce its shareholding in Mitsubishi Motors from 34% to 24%.

In addition, in June this year, Nissan closed its passenger car factory in Changzhou, Jiangsu. Dongfeng Nissan officially responded that this decision is based on the company’s overall development strategy and changes in the market environment, aiming to better adapt to the development needs of enterprises in the direction of new energy by optimizing and adjusting internal production capacity and resource allocation. While ensuring the production capacity of current models, Dongfeng Nissan is stepping up efforts to lay out production lines of new energy models and increase investment in related fields to meet future market demand.

Honda’s life is relatively better.In the first half of fiscal year 2025 (April-September, 2024), Honda’s consolidated operating income was 10.79 trillion yen, a year-on-year increase of 12.4%; Operating profit was 742.6 billion yen, an increase of 6.6%; Pre-tax profit decreased by 15.6% year-on-year to 741.9 billion yen. Its global car sales decreased by 8.0% year-on-year to 1.779 million units.

According to the data of Honda China official website, from January to November 2024, the cumulative sales volume of Honda’s terminal cars in China was 740,400, compared with 1,068,400 in the same period of last year, a decrease of 30.7%.

In July, 2024, Honda China announced the optimization of production capacity, and confirmed that two of the seven vehicle production lines in China will be closed this year. After adjustment, Honda’s total vehicle production capacity in China will be reduced from 1.49 million to 1.2 million.

2

Cooperation to reduce costs

Facing the impact of new energy vehicles in China, Nissan and Honda have strengthened cooperation this year.On March 15th, Nissan and Honda announced the signing of a memorandum of understanding to cooperate in electric vehicle business, such as joint procurement, joint development of power platforms, and generalization of spare parts. The two sides hope to reduce costs and enhance their competitiveness in electric vehicle products through resource integration.At that time, Toshihiro Mibe, CEO of Honda, proposed the possibility of capital cooperation with Nissan.

In August, Honda, Nissan and Mitsubishi jointly signed a memorandum of understanding on deepening the strategic partnership framework, cooperating in the basic technology field of the next generation software-defined vehicle (SDV) platform, and accelerating the realization of carbon neutrality.

It is worth mentioning that in March this year, Nissan Motor Co., Ltd. released the "The Arc Nissan Arc Plan", focusing on all-round new product planning, promoting electric drive, innovative R&D and production methods, applying digital new technologies and deepening strategic partnerships to increase global sales and improve profitability. At the same time,Nissan also plans to launch 30 new models in the next three years, including 16 electric vehicles and 14 internal combustion engines, to meet the diversified customer needs of different markets in the process of electrification transformation.

In May, Honda also said that it would start a new plan and promised to double its investment in electrification and software to about $65 billion in fiscal year 2030. Honda also plans to reduce the manufacturing cost of electric vehicles by more than 30% and the procurement cost of batteries in North America by 20%. Min Hong, CEO of Honda, said,The company’s goal is to launch a total of seven new electric vehicles worldwide by 2030, and realize that the sales of electric vehicles and fuel cell vehicles will account for 40% of the global sales.

Under the transformation of Honda and Nissan, if they are combined, they will also have synergistic effects in resources and products.

In the history of automobile development, cooperation between automobile enterprises has also occurred frequently. In May 1999, Renault acquired 36.8% equity of Nissan Motor Co., Ltd. for US$ 5.4 billion, and became the major shareholder of Nissan Motor Co., Ltd. Since then, Nissan has also held 15% equity of Renault, forming a cross-shareholding alliance. In 2016, Nissan Motor Co., Ltd. acquired a 34% stake in Mitsubishi Motors, and since then, the Renault-Nissan-Mitsubishi Alliance has been formed, and its cumulative sales volume once ranked first in the world.

In 2023, Renault and Nissan reached an alliance restructuring framework agreement, and Renault Group transferred 28.4% of Nissan’s shares to a French trust, and Nissan and Renault Group will maintain 15% cross-shareholding. Both parties will have equal voting rights, and both parties can freely exercise the voting rights attached to the 15% direct shareholding.

Toyota also frequently cooperates with other car companies. In August 2017, Toyota and Mazda formed a capital alliance through cross-shareholding; In August 2019, Toyota Motor and Suzuki Motor reached a cooperation through cross-shareholding; In addition, Toyota also holds shares in Subaru, Daihatsu and other car companies.

In 2021, the merger of Citroen Group (PSA) and Fiat Chrysler Automobile Company (FCA) was officially completed. The two parties merged at 50: 50 to form a brand-new group Stellantis, which became the fourth largest automobile group in the world after the merger.

Since the beginning of this year, with the intensification of competition, domestic car companies are also merging their brands to strengthen resource coordination. Under the Taizhou Declaration, Geely promoted the integration of Krypton and Linke, and the geometric brand was merged into the Galaxy brand. SAIC Passenger Car announced the integration of Roewe and Feifan Automobile; In October this year, APP announced that it would migrate to Great Wall Motor APP. From the second half of this year, Euler began to share sales and after-sales channels with other brands of Great Wall.

Obviously, strategic cooperation and resource focus have become the choices of many car companies.

It is worth noting that in China, the market share of Japanese cars has dropped significantly. According to the data of the Federation, in the first 11 months of this year, the cumulative sales volume of Japanese cars was 2,782,500, a year-on-year decrease of 15.6%, and the market share was also reduced from 22.6% in 2021 to 13.7%. This is not optimistic for Nissan and Honda. If we can improve the market competitiveness through merger, we may be able to save the downward trend. But whether they will cooperate through merger or not will take time to wait for the result.

Author Wei Weihe

Source: CarVisibility.

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Guide to the purchase of mg one, the mg "fuel-saving king"

Now people’s understanding of cars has already surpassed the stage of "four wheels and two rows of sofas", and people will consider many factors when buying a car. The level of configuration determines the competitiveness of a car to a certain extent, as we said in this article. So whether this car is a mule or a horse, let’s take a look at its actual performance.

First of all, from the appearance, the overall appearance of the MG ONE front looks simple and very dynamic. Coupled with headlights, it is a bit more fashionable. The car is equipped with LED daytime running lights, automatic opening and closing, delayed closing and so on. Come to the side of the car, the car body size is 4579MM*1866MM*1617MM, the car uses young lines, the side gives a very young feeling, with large-sized thick-walled tires, eye-catching shape. In terms of the rear end, the rear end echoes the front face, and the taillights present a sharp design style, creating a good gas field.

When I came to the MG ONE car, the interior design was very stable and the overall design was full. The steering wheel of the car is well designed, equipped with functions such as manual adjustment of the steering wheel up and down, and the grip is full and delicate. Let’s take a look at the central control. The car is equipped with a touch-sensitive LCD central control screen, which makes the interior style impressive and looks quite cold. The dashboard and seats are equally eye-catching. The car is equipped with a stylish and simple dashboard, which is very eye-catching. The car uses a leather-like seat, which is wide and thick, and the overall ride feels soft and comfortable.

MG ONE is matched with CVT gearbox, with an acceleration time of 8.1s per 100 kilometers, which has good power performance and is completely OK for daily use.

MG ONE is equipped with driving mode selection, remote control key, rear wiper, traction control (ASR/TCS, etc.), Bluetooth /WIFI connection and other configurations, which is worthy of praise.

I wonder if you are excited about this car introduced today? Xiaobian thinks that if you really want to buy this car, you still have to go offline to actually experience it.

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Global news: US stock market closed, European stock exchange and debt exchange killed Britain and ushered in the third female prime minister in history.

  On Monday, local time, US stocks were closed for Labor Day. However, the European market is a little nervous. The energy crisis has been transmitted to the financial market. In Europe, only British stocks closed up, while German stocks fell more than 2%. For the first time in 20 years, the euro fell below 0.99, while the pound approached its lowest point since 1985. Yields on 10-year and 2-year British bonds hit new highs in eight years and fourteen years respectively.

  At the same time, it is reported that the Russian government accused the western sanctions against Russia of being the chief culprit of the complete gas cut-off of Beixi No.1 natural gas pipeline. If the western sanctions against Russia are not lifted, the maintenance of the pipeline will be difficult to complete, and the natural gas supplied to Europe through the pipeline will not be fully recovered. This means that the European energy crisis may intensify. Big bounce, the European natural gas, soared by 35% overnight.

  In addition, there was another big event in Europe overnight. The new British Prime Minister officially announced that the 47-year-old Foreign Secretary Liz Trass defeated the former Finance Minister Sunak in the internal election of the Conservative Party and became the new leader of the Conservative Party. At the same time, she will also take over the post of British Prime Minister from Boris Johnson. Trass is also the third female prime minister in British history after Margaret Thatcher and Teresa May. However, Trass will inherit a mess from Johnson, and Britain is facing a series of problems such as energy crisis, financial difficulties and diplomatic deadlock.

  In addition, the OPEC+ meeting on Monday decided to reduce oil production by 100,000 barrels per day in October compared with that in September, reversing the previous plan of increasing oil production by 100,000 barrels per day in September, bringing the output in October back to the level in August, and the international oil price rose by over 2%.

  [global index]

  [global goods]

  The main contract of WTI crude oil closed at $88.83 per barrel, up 2.26%; The main contract of Brent crude oil closed at $95.23 per barrel, up 2.38%; The main contract of crude oil in the previous period closed at 707.20 yuan per barrel overnight, up 1.62%.

  Overnight, the Shanghai gold main contract closed up 0.26% to 386.34 yuan per gram; Shanghai Bank’s main contract closed up 0.19% to 4,191.00 yuan per kilogram.

  [overnight news]

  Britain welcomes its third female prime minister.

  Trass, the current British foreign secretary, defeated Sunak, the former chancellor of the exchequer, and was elected as the new leader of the ruling Conservative Party in Britain. Trass will become the third and youngest female prime minister in British history. The first two female prime ministers are Margaret Thatcher, who is known as the "Iron Lady", and Theresa May, who experienced the Brexit chaos.

  Russia: It will last until the Western "sanctions" end.

  The Russian government accused the western sanctions against Russia of being the chief culprit of the complete gas cut-off of Beixi No.1 natural gas pipeline. If the western sanctions against Russia are not lifted, the maintenance of the pipeline will be difficult to complete, and the natural gas supplied to Europe through the pipeline will not be fully recovered.

  OPEC+ reversed the agreement to increase production and agreed to "symbolically" reduce production by 100,000 barrels per day to stabilize oil prices.

  OPEC+ this Monday decided to reduce oil production by 100,000 barrels per day in October compared with that in September, reversing the previous plan to increase oil production by 100,000 barrels per day in September, and returning the output in October to the level in August. OPEC+ decided to "symbolically" cut production in October, trying to stabilize oil prices at a time when the market is worried about economic weakness and slowing demand, which is equivalent to Biden’s diplomatic achievements in crude oil in the Middle East reaching zero. After the release of the resolution, the international oil price rose further, rising by over 4% in intraday trading.

  EU foreign ministers lack confidence in the prospects of Iranian nuclear talks.

  According to foreign media reports, the Iranian Foreign Ministry said that it is waiting for the United States to respond to Iran’s proposal, and Iran is responsibly creating conditions for resolving the nuclear agreement. According to Russian media, the Iranian Foreign Ministry said that if JCPOA(Joint Comprehensive Plan of Action) signed it, Iran could meet the energy demand of Europe. Borrell, vice-chairman and "foreign minister" of the European Commission, said that the Iranian nuclear talks are diverging rather than converging, and he now lacks confidence in reaching the Iranian nuclear deal.

  [company news]

  Volkswagen seeks to overcome difficult market conditions and promote Porsche’s IPO plan this year.

  Despite the difficult market conditions, Volkswagen has decided to push forward the plan of listing a minority stake in sports car brand Porsche this year, which is expected to become one of the largest IPO transactions in Europe. Volkswagen said in an announcement on Monday that it plans to launch a Porsche IPO in late September or early October, depending on the further development of the capital market.

  Amazon will enter the Japanese prescription drug market next year: cooperate with pharmacies to sell drugs online.

  People familiar with the matter said that Amazon is considering entering the prescription drug market in Japan. This may be a turning point for physical pharmacies in Japan. Amazon plans to cooperate with small and medium-sized pharmacies in Japan to create a prescription drug sales platform. After placing an order online, users can sit at home and wait for delivery. Through this platform, patients can also receive online guidance on how to take drugs.

  Meta was fined $400 million for handling children’s data

  Meta was fined about $400 million for violating EU data privacy laws by processing children’s data on Instagram. This is the latest measure taken by European and American authorities to crack down on companies collecting and sharing information about young people online.

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Free upgrade experience Geely Xingrui PREFACE test drive

  [Aika car] Test drive Original]

  The plane is divided into first class and economy class, and the high-speed rail is also divided into first class and second class seats. If you buy an economy class (second class seat) ticket and upgrade it to first class (first class seat) for free, you must be lucky with a smile. Today, our protagonist, Geely Xingrui, brings this luck to you, and you can enjoy it like a medium-sized car at a compact price.

Geely xingrui test drive experience

  It is reported that Geely Xingrui will be officially listed in mid-November, but the pre-sale price range exposed by some media recently is 119.8-148.8 million yuan, which should be very close to this price range. In addition, on October 11th, Geely launched a "Designer’s Recommended Model", with a limited edition of 3,000 units and a price of 137,700 yuan. This is the designer’s recommended model that we tested this time.

Geely xingrui test drive experience

  As the first car built by Geely brand using CMA architecture, Geely Xingrui vowed to be a subversive in the sedan market. Today, let’s take a look at its strength. The new car has been unveiled at the Beijing Auto Show before, and my colleagues have also done a very detailed static analysis, so let’s start with its dynamic performance. Users who want to know the static performance can click on the picture below to jump to see it.

Retrospect chart

Geely xingrui test drive experienceGeely xingrui test drive experienceGeely xingrui test drive experience

Geely xingrui test drive experience

  The combination of 2.0T engine and 7-speed wet dual-clutch gearbox is already a very mature powertrain for Geely brand, but it will be surprising that it can be adjusted so close to perfection. The accelerator pedal is soft and friendly, the power output is stable and linear, especially the smooth performance of the gearbox is impressive. Both novice and old drivers will applaud the driving experience when they first get started.

Geely xingrui test drive experience

  Although the official acceleration time of 0-100km/h is 7.9 seconds, the power performance after switching to sports mode is obviously much stronger. After communicating with engineers, I learned that the best measured result of the new car can reach 7.5 seconds, which explains why there is still a certain sense of pushing back when accelerating rapidly.

Geely xingrui test drive experience

Geely xingrui test drive experience

  There are a small number of mountain links in this test drive, and Geely Xingrui has demonstrated its sports talent. The chassis not only filters the road very well, but also supports the car body in the mountain road. The steering system also performed well. After adjusting to the sports mode, the steering force was more stable, the front of the car was very obedient, and the following state of the rear was also very good.

Geely xingrui test drive experience

Geely xingrui test drive experience

  Summary:Generally speaking, Geely Xingrui is a very comfortable car. For both drivers and passengers, the power output is soft, the brakes are linear, the steering is gentle, the chassis is neat enough and the silence is good. For a family car, it is basically impossible to ask for more. After switching to sports mode, the improvement of power and steering can also meet a certain driving desire, and sports and comfort can be taken into account to such an extent. Geely Xingrui is really good.