Meituan will turn from profit to loss in 2021, with higher expenses such as rider costs and R & D expenses

In the post-epidemic era, Meituan (3690.HK) revenue has risen steadily. On March 25, Meituan released the fourth quarter and full year results of 2021. In 2021, the company’s revenue was 179.128 billion yuan (RMB, the same below), an increase of 56% year-on-year; the company lost 23.536 billion yuan during the year and 4.708 billion yuan in profit in the same period last year; the company’s adjusted net loss was 15.572 billion yuan, and the profit in the same period last year was 3.121 billion yuan.

 

Food and beverage takeaway is an important revenue business of Meituan, and the operating profit of this business in 2021 is 6.175 billion yuan; however, the policy requirements of "reasonable reduction of merchant service fees" and the corporate responsibility to improve the protection of riders’ rights and interests have also increased Meituan’s operating costs. The restaurant and wine travel business is a major source of profit for Meituan. In 2021, the operating profit of this business is 14.20 billion yuan.

 

However, the operating profits of the above two major businesses cannot offset the losses caused by the expansion of Meituan’s new business. Meituan’s new business, which mainly focuses on community group buying, shared travel, and instant shopping, has an operating loss of 38.40 billion yuan in 2021. At the same time, Meituan also continues to increase the company’s R & D investment, and the R & D expenditure in 2021 will reach 16.70 billion yuan.

 

2021 was an extraordinary year for Meituan, with the company’s performance turning from profit to loss. At the same time, Meituan’s anti-monopoly penalty was also settled and fined 3.442 billion yuan. Affected by policies and the general environment, Meituan’s share price declined as a whole in 2021, peaking at HK $460/share that year, and then fell below HK $300/share twice in July and November of that year. On December 31, 2021, it closed at HK $225.4/share. As of the close on March 25, Meituan closed at HK $135/share, down 8.16%.

 

"In 2021, despite the impact of the epidemic, we will still overcome difficulties and strive to provide hundreds of millions of consumers with reliable and convenient life services, help merchants use digital means to expand online operations, and help more entrepreneurs and employees achieve stable income," said Wang Xing, CEO of Meituan. "Meituan will unswervingly fulfill its platform responsibilities, unswervingly increase investment in technology, unswervingly continue to expand its business, and focus on the’retail + technology ‘strategy to deepen the Chinese market and create more value for merchants, users, riders and other ecological partners."

 

The profit of catering takeaway operation is 6.175 billion yuan, which enhances the protection of riders’ rights and interests

 

Under the pressure of repeated epidemics, Meituan’s food and beverage takeaway business continued to grow. The number of annual transaction users and the per capita transaction frequency in 2021 reached a record high. The peak of single-day orders broke through 50 million in August 2021 and reached a new high in December of that year. The number of transactions in the whole year reached 14.40 billion, an increase of 41.6% year-on-year.

 

In 2021, Meituan’s catering takeaway business will see significant growth in categories such as nighttime, milk tea, salad and light food. Supply growth effectively drove an increase in orders from medium and high-frequency users. Therefore, the number of annual transaction users of catering takeaway increased by 13% year-on-year, and the average transaction frequency of annual transaction users increased by 25% year-on-year.

 

In 2021, Meituan’s catering takeaway business transaction amount was 702.10 billion yuan, an increase of 43.6% year-on-year; revenue was 96.30 billion yuan, an increase of 45.3% year-on-year. Operating profit increased from 2.833 billion yuan in 2020 to 6.175 billion yuan in 2021, while operating profit margin increased from 4.3% to 6.4%.

 

The topic of takeaway merchant commissions has attracted much attention. In 2021, Meituan takeaway’s commission income (technical service fee) obtained through merchants was 28.547 billion yuan, 18.503 billion yuan in the same period of the previous year, an increase of 54.3% year-on-year; compared with the company’s catering takeaway transaction amount in 2021, the takeaway platform commission rate was about 4.1%.

 

However, the 2021 government work report proposed to "guide platform enterprises to reasonably reduce merchant service fees." Subsequently, the National Development and Reform Commission and other departments also issued the "Implementation Plan for Accelerating the Cultivation of New Consumption", proposing to guide online platforms such as takeout to rationally optimize the use of small and medium-sized enterprises. Merchants and individuals use the platform to operate commissions, commissions and other expenses, and use technology to empower operators to reduce costs and increase efficiency within the platform.

 

In 2021, Meituan takeaway and other platforms took the initiative to optimize the platform charging model and implement a pilot "rate transparency". At the same time, the protection of rider rights and interests is also a major responsibility of Meituan. In July of that year, Meituan established a takeaway rider service department. In 2021, Meituan held 136 rider talks.

 

The financial report shows that the vast majority of Meituan takeaway’s total revenue is rider delivery costs. In 2021, there are about 5.27 million riders who earn income on the Meituan platform. Meituan takeaway rider delivery costs were 68.183 billion, an increase of 38.3% year-on-year, accounting for 71% of Meituan’s total takeaway revenue.

 

In addition, the breakdown data of the financial report shows that in 2021, Meituan’s food and beverage distribution service revenue collected from merchants and users was 54.204 billion yuan, while the annual rider delivery cost was 68.183 billion yuan. The above data shows that Meituan’s annual direct subsidy for riders cost nearly 14 billion yuan.

 

The operating profit of the hotel is 14.20 billion yuan, and the operating loss of the new business is 38.40 billion yuan

 

In the post-epidemic era, Meituan’s store, hotel and tourism business has achieved steady growth. In 2021, Meituan’s store, hotel and tourism business revenue was 32.50 billion yuan, an increase of 53.1% year-on-year; operating profit increased from 8.181 billion yuan in 2020 to 14.193 billion yuan in 2021, while operating profit margin increased from 38.5% to 43.3%.

 

According to the financial report, Meituan’s 2021 store-to-store business transactions, transaction amounts and annual active merchants all hit record highs. Meituan has strengthened its penetration into lower-tier cities across the country. Categories such as leisure entertainment, fitness, elderly care services, medical care and pet services are growing strongly; while categories such as manual activities, recording studios, light and shadow interactive halls, and stress relief experience halls have become new consumer trends.

 

In terms of hotels and tourism, the number of hotel room nights in China will increase by 34.5% in 2021. In addition, Meituan has consolidated its competitive advantage in the low-star hotel sector, diverting offline users to online platforms to help more hotel merchants operate digitally. In the high-star hotel sector, high-star hotel room nights will account for more than 16.5% in 2021.

 

In 2021, Meituan continued to expand its investment in new businesses, especially commodity retail. In 2021, Meituan’s new business and other business revenue was 50.30 billion yuan, an increase of 84.4% year-on-year. The operating loss expanded from 10.90 billion yuan in 2020 to 38.40 billion yuan in 2021, and the operating loss ratio increased by 36.6 percentage points year-on-year.

 

Community group buying is the exploration direction of Meituan’s new business. In the second half of 2020, community group buying began a new round of industry competition. At that time, Internet companies such as Didi, Meituan, Pinduoduo, JD.com and others invested in the ante one after another. However, with the development of policies and markets, the community group buying industry will experience ups and downs in 2021. Orange Heart is preferred to face business shrinkage, and Jingxi is also reported to reduce staff and withdraw from the city.

 

At present, Meituan Preferred is relatively stable. According to the financial report, Meituan Preferred has achieved healthy growth thanks to clear policy guidance and a good market competition environment. The "next day pick-up" three-tier warehouse distribution logistics network system has covered most communities and rural areas in 30 provinces across the country. In the future, strict compliance with regulatory regulations will be the top priority, and we will continue to focus on balanced and high-quality growth.

 

Meituan flash sale exceeded 6.30 million in single-day orders in December 2021. On the supply side, it has expanded its product categories and established cooperation with more high-quality local stores. Flowers, supermarkets and convenience stores continue to maintain a high growth momentum. At the beginning of this year, 24-hour drug delivery service was launched. In 2021, Meituan market users and transaction amounts continue to increase.

High revenue and high investment, R & D expenses of 16.70 billion yuan

 

High revenue and high expenditure are the characteristics of Meituan’s performance in 2021. The company’s revenue hit a record high, and the operating profit turned from profit to loss, which also laid the foundation for future sustainable development to a certain extent. According to the financial report, Meituan’s R & D expenditure increased from 10.90 billion yuan in 2020 to 16.70 billion yuan in 2021, an increase of 53.1% year-on-year. The increase in employee welfare expenses was mainly due to business expansion.

 

On the other hand, Meituan has also increased investment in unmanned logistics research and development. Meituan drone has been in normal trial operation in Shenzhen for nearly a year, and has covered more than 8,000 households so far, completing 30,000 orders for real users. Meituan City Low-altitude Logistics Operation Demonstration Center has landed in Shanghai and will gradually cover the "3 km 15 minutes" low-altitude smart logistics network in East China.

 

In addition, Meituan automatic delivery has launched a low-speed instant delivery solution for outdoor scenes. As of December 2021, Meituan automatic delivery vehicle service has expanded to 20 communities in Shunyi District, Beijing, delivering nearly 190,000 orders, autonomous driving mileage over 700,000 kilometers, and daily delivery of more than 1,000 orders.

 

At the same time, the company’s overall operating costs also increased significantly. The cost of sales increased by 69.2% from 80.70 billion yuan in 2020 to 136.70 billion yuan in 2021, while the percentage of revenue increased by 6.0 percentage points to 76.3% year-on-year from 70.3%. The main reason is the increase in food delivery related costs, as well as the development and exploration of retail business and other new businesses.

 

In addition, the company’s sales and marketing expenses increased by 94.8% from $20.90 billion in 2020 to $40.70 billion in 2021, while the percentage of revenue increased by 4.5 percentage points year-on-year from 18.2% to 22.7%. Mainly due to the increase in promotion, advertising and user incentive expenses and employee benefits expenses. In addition, more employees were recruited to support the rapid growth of new businesses.

 

"Meituan’s development is closely related to the general environment of China’s economy, and it is also inseparable from the joint efforts of small and medium-sized businesses and related workers such as riders. We will continue to take high-quality and sustainable development as the company’s goal, and strive to drive consumption and industry transformation and upgrading, so that all relevant parties can benefit from it." Chen Shaohui, Meituan CFO, said: "Meituan will make long-term investment around the strategy of’retail + technology ‘, and through innovation and technology-driven, help more entrepreneurs and employees share the dividends of the digital economy."

 

Beijing News Shell Financial Reporter, Chen Weicheng, Editor, Song Yuting, Proofreader, Lu Qian

Yang Mi’s successful transformation? This is an immature realist film

1905 movie network feature If you give birth to a child with a serious birth defect,Will you choose to save or not to save?


The movie puts us in such a dilemma and moral confusion, and Mr. Xu, played by Guo Jingfei, and Jiang Meng, played by Yang Mi, are decisively on the opposite side.

Mr. Xu’s daughter was suffering from anorectal disease, and he chose not to save her in the pain. When he confronted Jiang Meng head-on, he repeatedly questioned, "What about the future?"


In his opinion, even if the child survives, he will continue to grow up in this unjust world and suffer from the pain of not being understood.

Jiang Meng, a 19-year-old girl with congenital defects, was abandoned by her biological parents after birth, and finally survived healthily with the help of a welfare home and a foster family.


She was also an abandoned child with a defective disease. Her strong empathy and compassion drove Jiang Meng to rescue the child. She became stubborn and even broke into the hospital to steal the child.


In her eyes, she was this abandoned child, the common unity of fate. Since she survived, this child must also strive to survive.


So who really has the right to decide whether a child lives or dies? 


At the film’s premiere at the Pingyao Film Festival, Yang Mi said, "No one can define the happiness of others, and no one can control their lives."


Similarly, the film only shows this phenomenon without polish. In the gap where Guo Jingfei and Yang Mi cannot understand each other, they do not judge the choices of the two sides, and throw contradictions and difficulties to the audience without providing any answers.



Liu Jie’s films are often based on social news events, and the creative process of the script is also a process of social investigation.


"Baby" was inspired by Liu Jie’s friend, who gave birth to a child with cerebral palsy.The couple needs to decide within three days whether to let him liveAfter struggling and thinking day and night, he finally decided to save the child and give up the superior city life, taking the child to live in the suburbs.


Another source of creation is the director’s several visits to the orphanage, where he finally discovered that there were more than 1,200 disabled abandoned babies in foster care in two villages outside Beijing.


In 2012, our country officially said that the total incidence of birth defects in China was about 5.6%. Liu Jie, the director, said, "When I learned that the birth defect rate is 5.6 percent, which means that nearly 1 million children with birth defects are born every year, and 30 percent of them will die, 40 percent will be disabled for life, and 30 percent will survive, it also motivated me to make this film. I don’t know who to blame, I can only make it as it is."


Although Liu Jie has directed such commercial films, realistic literary films are the main axis of his work sequence.From "Baby", the entanglement of law and reason is also his consistent theme of expression.


In addition to the plot line of Jiang Meng’s rescue of the disabled baby, "Baby" also shows the relationship and fate between Jiang Meng and the foster caregiver.


Foster care is not adoption, and there is no relationship between guardianship and guardianship. The law stipulates that abandoned babies in foster care need to leave the foster family when they reach adulthood at the age of 18. But Jiang Meng did not want to leave her elderly adoptive mother who was alone, nor did she want her to live in a nursing home, so she fell into another paradox and dilemma of law and love.

The realism of "Baby" has both neutral humanitarian spirit and realistic aesthetic style.


The film narrates the story from a calm and alienated objective perspective. The camera always surrounds and follows Jiang Meng, and reality is gradually constructed and perceived from what she sees and hears.


The use of long-lens hand-held shaking in the natural scene and the use of emotional soundtracks are reduced. This documentary audio-visual style can be seen in the films of the Dane brothers, in the films of Farhati, and in a series of Romanian New Wave works.

This shooting style is also an actor-centered aesthetic, and its greatest advantage is that it frees up the actor’s performance space, allowing the camera to improvise in a real environment and capture more realistic performances.


From the very first shot, we saw a completely different Yang Mi, her hair is messy, her face is full of freckles, her face is gray and weak, not only subverting the image, but also challenging her to speak Nanjing dialect in the play.

Yang Mi’s all-out experiential performance method, just like Gong Li, Zhao Wei and Ma Yili,This really allows her to fit into the context of the story well, and as much as possible to fade away the audience’s established impression of her.


But throughout the film, she always frowned, showing a hesitant and confused expression, with relatively simple emotional changes.

Compared with Li Hongqi, who played the mute army, his rich body language and facial expressions stole a lot of the limelight, but there were also some problems of using too much force.

On the contrary, Guo Jingfei did it properly.The director asked him to try to find the feeling of "three days and three nights without sleep", and he also deduced a measured sense of decadence from this character state.


The film lost more points due to the thinness of the script and the imperfection of the character design.


The dramatic conflict of the film is inseparable from the confrontation between the protagonist and the three forces of personal inner, external opponents and social environment.


We can see Jiang Meng’s persistence and stubbornness, but we cannot see the undercurrent in her heart; we can see her and her adoptive mother’s estrangement, unable to penetrate into their more intimate and complex emotional relationship; we can see Xiaojun’s confession and love for Jiang Meng, but fail to know Jiang Meng’s true attitude towards him.

Yang Mi revealed at the premiere that Jiang Meng’s character is not only physically disabled, but also mentally ill. But the movie did not clearly explain and write, which caused the audience to have some damage to the actor’s performance and the overall cognition of the role.


Although maintaining an objective distance and starting the whole narrative from Jiang Meng’s perspective, the film will inevitably be criticized for being biased towards Jiang Meng’s position choice.


Even if there is a scene of social children’s groups splashing paint on Guo Jingfei’s house, the handling is only a brief taste, and the controversial discussion of abandoned babies is not comprehensive.

Obviously, "Baby" is still a long way from a more mature and in-depth realist film, but the film’s attention to the living conditions of social abandonment groups and the disabled is sure to attract some public attention.


Isn’t that the greatest significance of this film’s existence?


Finally, just as the director Liu Jie wished, "I hope this group of people can live happily in the sun in the future."

new energy

  Since 2015, the production and sales of new energy vehicles in China ranked first in the world for seven consecutive years. In October, the production and sales of new energy vehicles in China were 762,000 and 714,000 respectively, up by 87.6% and 81.7% respectively, and the market share reached 28.5%. The production and sales of new energy vehicles and the volume of automobile exports both reached record highs, which continued to drive the steady growth of automobile production and sales in China. With the rapid popularization of new energy vehicles, China’s automobile industry is facing an excellent opportunity of "changing lanes and overtaking". We should give full play to our advantages, tap the potential of domestic demand and external market, and then cultivate the new advantages of China’s new energy automobile industry in international cooperation and competition under the new situation.

  At the 2022 China (Tianjin) International Automobile Exhibition, which officially opened on November 10th, all new energy brands came to the exhibition with brand-new product lineup and cutting-edge technology concepts, so that the audience could visit and appreciate the latest development achievements and future development trends of new energy vehicles at one time.

New energy brands are unstoppable and concentrated on the 2022 Tianjin International Auto Show _fororder_image001.

  In 2022, China Tianjin International Auto Show exhibited 990 vehicles, including 260 new energy vehicles, accounting for nearly 1/3 of the total. Compared with the last exhibition, the proportion of new energy auto shows has increased this year. In recent years, with the country positioning the new energy automobile industry as a national strategic emerging industry, and launching a series of support policies, combined with the advantages of domestic supply chain, China’s new energy automobile industry has led the world in an all-round way, and enterprises have paid more and more attention to new energy vehicles. Many traditional automobile companies have launched independent new energy brands. In the process of the strong rise of new energy automobile brands in China, many enterprises have taken active actions and embarked on the advanced road of "going new and upward" in terms of brand culture and product upgrading.

  Zhiji automobile

  As a brand-new user-oriented automobile science and technology company jointly built by SAIC, Zhangjiang Hi-Tech and Alibaba Group, Zhiji Automobile presented its first masterpiece "New World Driving and Control Flagship" Zhiji L7 and mass production concept car AIRO at the booth of Zhiji Automobile in Hall S9, bringing users the pinnacle of the new electric and intelligent world.

  Zhiji L7 shows the charm of "treasure model" with its product strength and subversive experience polished for users. The only "four-wheel steering+mixed tire width" at the same level makes the "driving control ceiling" clear at a glance; The "more human-like" intelligent driving experience makes the intelligent driving strength that shakes the global head players indisputable; 180+ clean taste healthy cockpit, refreshing the "new benchmark of air quality"; The high value of "long in the user’s aesthetic point" makes people fall in love at first sight and unforgettable.

New energy brands are unstoppable and concentrated on the 2022 Tianjin International Auto Show _fororder_image002.

  In addition to Zhiji L7, AIRO, a mass-produced concept car, also shows the audience a new picture of the future of Zhidian. Zhiji AIRO is the first cross-border car circle created by Heatherwick Studio, a partner of Zhiji automobile brand. AIRO’s vision is to create a "home for future travel and life", and let the natural and smooth ripple shape flow in the aesthetic point of users in the form of art, revealing that "the coexistence of technology and art is the only choice to create future life".

New energy brands are unstoppable and concentrated on the 2022 Tianjin International Auto Show _fororder_image003.

  Ruilan automobile

  Ruilan Automobile, which entered the new energy automobile market with the differentiated advantage of power exchange, landed in Tianjin, China, with a number of heavy models, and set off a new trend of power exchange with the attitude of "changing power and making light travel" and accelerated its March to the C-end market.

  Ruilan 9, which has just opened the global pre-sale, is a full-size pure electric SUV with a long wheelbase of 2825mm and a reasonable layout of 6 /7 seats. Its performance in space is perfect, bringing people a more comfortable and exclusive driving experience. It also supports 60-second non-inductive power exchange and 30-minute DC fast charging, providing users with more flexible options for energy replenishment.

New energy brands are unstoppable and concentrated on the 2022 Tianjin International Auto Show _fororder_image004.

  Another "pure electric 6-seat MPV" Ruilan Maple Leaf 80vPRO has a large driving space of 1798L and a maximum luggage volume of 1198L, flexible 6-seat space and 23 storage spaces, making the driving experience comfortable and smooth.

New energy brands are unstoppable and concentrated on the 2022 Tianjin International Auto Show _fororder_image005.

  Ruilan Maple Leaf 60sPRO sedan, with a quick-back streamlined body, gives people an elegant and dynamic impression. The interior features an eco-friendly cockpit, which is made of high-quality eco-friendly cockpit materials and ergonomic eco-leather seats. It has 17 flexible storage spaces, which can improve the ride comfort and bring fashionable and elegant sensory experience.

New energy brands are unstoppable and concentrated on the 2022 Tianjin International Auto Show _fororder_image006.

  AITO

  AITO made a stunning appearance with the series of questions. Wen Jie series is jointly designed by Cyrus Auto and Huawei, which continuously enriches the product matrix and brings new smart driving experience to more consumers. The Wujie M5 is the first model of the Wujie series, positioning the intelligent luxury electric drive SUV, which adopts the ultimate design and creates luxury aesthetics. The pure electric drive extended range platform gives it the ultimate performance, which brings the long battery life of WLTC with full oil and full electricity over 1100 kilometers and the acceleration of 100 kilometers in 4.4 seconds.

New energy brands are unstoppable and concentrated on the 2022 Tianjin International Auto Show _fororder_image008.

  Ask the world M7 positioning smart luxury large electric SUV, focusing on home users, IKEA is suitable for business. It uses humanized technology to meet the needs of comfortable travel, adopts 2+2+2 three rows and six seats spatial layout, and the original six-in-one range extender powertrain expands the forward space of the passenger compartment, and cooperates with 14 places and 23 storage spaces of the whole vehicle to create ample space for the whole family. In particular, it is equipped with the industry’s first commercial AITO zero-gravity seat to create a luxurious ride.

New energy brands are unstoppable and concentrated on the 2022 Tianjin International Auto Show _fororder_image007.

  It is worth mentioning that all the products of the Wenjie family are equipped with the HarmonyOS smart cockpit, which gives the products an extremely intelligent technology experience. Not only can you enjoy the extremely smooth, relaxed and natural interactive experience, but you can also enjoy rich car applications and convenient cross-device connectivity, and you can also make the smart cockpit often new through OTA.

  NIUTRON

  NV, a luxury medium-and large-scale urban exploration SUV, has pure electric version and extended range version, and pure electric+extended range dual powertrain to meet the needs of multiple scenes. Thanks to the GEMINI power module system developed by Mars Stone Technology, the self-propelled traveler NV is fully compatible with both pure electric and extended range driving modes. The new car is equipped with iAWD dual-motor intelligent four-wheel drive system as standard, equipped with high-efficiency permanent magnet synchronous motor. The integration of the three-electric system and the power density ratio of the motor are ahead of the same level, and the acceleration time of 0-100km/h of all models can reach 5.9s s.

New energy brands are unstoppable and concentrated on the 2022 Tianjin International Auto Show _fororder_image009.

New energy brands are unstoppable and concentrated on the 2022 Tianjin International Auto Show _fororder_image010.

  The comprehensive cruising range of the self-traveling NV Extended Range WLTC is 939 km (the comprehensive cruising range of CLTC exceeds 1257km), which meets the needs of users for long-distance intercity travel; At the same time, the extended-range model has a pure electric cruising range of 150km (WLTC working condition), which makes daily commuting in the city convenient and efficient. The self-traveler NV pure electric long battery life version has a cruising range of 560km under CLTC conditions, and at the same time provides a pure electric standard battery life version with a cruising range of 440km under CLTC conditions to meet the needs of different users. In terms of intelligent driving, the self-guided traveler NV comes standard with 24 AAD high-order auxiliary driving system functions, such as AEB (automatic emergency braking), ACC (full speed adaptive cruise), BSD (blind spot monitoring) and LCA (changing lanes), which has high safety and stability.

  Lantu

  Lantu brought its "performance-level intelligent electric SUV" Lantu FREE family model and "electric luxury flagship MPV" Lantu Dreamer series model to the auto show. Among them, Lantu FREE, Lantu FREE ultra-long battery life pure electric version and Lantu Dreamer model all made their debut at Tianjin Auto Show.

  With the label of "Perfect Balance, Value Benchmark", Lantu FREE Standard Edition perfectly balances performance and intelligence, and its super power brings an accelerated experience of 4.5 seconds. With high-quality driving and control, high-quality comfort and high-quality safety, it fully meets the daily car needs of users in different scenes. Lantu FREE DNA shows more pioneering design and powerful performance. It inherits the performance gene of Lantu FREE, adds many aerodynamic designs, and accelerates to 4.3 seconds at zero speed. It is one of the SUVs with the strongest performance parameters in China at present.

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  At this year’s Tianjin International Auto Show, Lantu Auto also brought the seven-seat version of Lantu Dreamer and the personal tailor version (four-seat) to the same stage. Lantu Dreamer was born from ESSA’s native intelligent electric architecture. Its zero-hundred-speed acceleration takes only 5.8 seconds at the earliest, and its longest battery life reaches 750km, bringing a zero-anxiety travel experience. Dreamer personal tailor Edition is based on the official customized ecology of Lantu, and it is the only official customized electric MPV. It has three exclusive interior colors, which can realize more personalized and exclusive customized requirements for users.

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New energy brands are unstoppable and concentrated on the 2022 Tianjin International Auto Show _fororder_image013.

  Nezha automobile

  Nezha S, the first landing vehicle based on Shanhai platform, was officially put on the market for pre-sale on July 31st. Resonant with the ever-changing users’ demands, Nezha S displays the exclusive style of "Sports Smart Coupe" with its high intelligence and high performance, and brings new driving experience to users with its core values of sports, technology and youth.

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  Nezha s model is equipped with industry-leading hardware, luxurious and comfortable configuration and leading intelligent level, and the whole system comes standard with NETA PILOT 3.0 intelligent driving assistance system developed by Nezha Auto, so that the intelligent experience can benefit every user. In addition, Nezha S also has ten highlights, such as the body size reaching the B+ class car level, the rare Hozon-EPT 4.0 thermal management system and high-performance heat pump system in the same class, the rare chassis texture within 300,000 yuan, the ultra-low drag coefficient of 0.216Cd in the same class, the super-large central control panel within 300,000 yuan, and the sky sound effect brought by the customized surround sound of 720 Nezha, making it the "best coupe within 1 million yuan".

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New energy brands are unstoppable and concentrated on the 2022 Tianjin International Auto Show _fororder_image016.

New energy brands are unstoppable and concentrated on the 2022 Tianjin International Auto Show _fororder_image017.

  Hechuang automobile

  As the title partner of EDG Hechuang Automobile Team, Hechuang Automobile fully integrates the superior resources of shareholders, joins hands with a number of leading cutting-edge technology companies, and injects elements such as e-sports and national tide, aiming to make new energy smart cars the best entrance to link multiple scene hubs and intelligent ecology.

  Hechuang A06 is the first model based on the global pure electric architecture of Hechuang self-developed H-GEA, equipped with a fully upgraded H-VIP 2.0 intelligent driving interconnection system, and truly realizes the beautiful vision of "technology serving people". It adopts a brand-new vector aesthetic design language, which has a trendy dynamic appearance and an ultra-low wind resistance of 0.217Cd; The whole system is loaded with Qualcomm 8155 chip, and equipped with a brand-new self-developed car system HI-OS, which realizes a 3-second extremely fast boot experience.

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  Hechuang Z03 is a trend intelligent driving pure electric SUV jointly created by Hechuang, EDG and users, with the design concept of "combat aesthetics" and showing the future attitude; The car is equipped with H-VIP intelligent language control system, which can voice control the vehicle with a simple sentence, and at the same time, it develops the advanced technology of automatic parking service to respond to the user’s full-scene intelligent travel demand. As a car brand created in depth with users, Hechuang has joined hands with the world-class e-sports team EDG and Dingliu Guoman "Linglong" to bring a future, technology and cross-dimensional immersive car feast to Z generation users from the inside out.

New energy brands are unstoppable and concentrated on the 2022 Tianjin International Auto Show _fororder_image019.

New energy brands are unstoppable and concentrated on the 2022 Tianjin International Auto Show _fororder_image020.

  NIO weilai

  Weilai brought all the main models (ES8/ET7/ES7/ES6/EC6) and this year’s highly anticipated Weilai ET5 to the show. Rich colors and car models, especially the annual color of ET5 (mirror powder/cloud yellow) were present together to satisfy the audience’s curiosity and expectation for all the models of Weilai.

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  "I’ve heard of it, but I haven’t seen it." Wei Lai changed the scene of the power station airborne auto show. The original closed bottom structure of the power station was made transparent, and the power exchange process was demonstrated in real time at multiple times on site, so that friends could feel the real charging speed of "starting with full power, as long as the time of a song". In addition, the exhibition areas of over-filled piles, fast-filled piles and home-punched piles 2.0 are also set up on site to understand the complete energy-replenishing experience of Weilai vehicles that can be recharged, replaced and upgraded.

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  At the same time, Weilai Center also moved into the auto show site. The audience can experience Weilai vehicles, replenish energy, explore NIOLife Surprise Mall, or go to NIO Café to taste a variety of Weilai special drinks. The owners’ exhibition area can also see the works of Weilai owners, or take children to explore and create in Joy Camp.

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New energy brands are unstoppable and concentrated on the 2022 Tianjin International Auto Show _fororder_image024.

  In addition, Weilai also prepared three auto show special live broadcasts, and partnered with the volunteer owner-Weilai pre-sales and after-sales system employees to take everyone to the "cloud" exhibition without leaving home! Explore the annual most valuable car purchase policy, surprise interactive gifts, hard-core vehicle knowledge, city general manager connection and other exciting content.

  Zero run car

  On September 28th, 2022, Zero Run Auto held an immersive conference on "Zero Run C01 Advanced Life C" online. Under the witness of thousands of Leaper, the latest flagship model of Zero Run Auto — — Zero-run C01 officially went on the market, opening a new journey of multi-scene intelligent luxury electric car.

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  The five versions of the zero-run C01 only differ in battery capacity and single and double motors, while all the other 80 smart luxury configurations are fully loaded. The whole system comes standard with 28 high-precision sensing hardware and 23 intelligent driving assistance functions, covering the exterior interior, intelligent interconnection, entertainment, audio and video, safety protection and humanized configuration, and will be changed from standard to standard, so as to easily enjoy the car-owning experience of "getting started with high gear".

  The zero-run C01 is equipped with a super-capacity power battery, and the cruising range of CLTC under comprehensive working conditions is as high as 717km, which is enough to meet the needs of multi-scene and long-distance travel. It can be called an artifact for users and their families to travel. With the self-developed full-time AI BMS intelligent battery management system, the whole life cycle of the power battery can be controlled, making every trip more secure.

  As the flagship model of the brand, Zero Run C01 shows the latest achievements of global self-research of Zero Run, which will greatly meet the needs of users for multi-scene vehicles, and its leading five C-bit hard power will also completely change the market structure of medium and large family cars and redefine the new value of medium and large cars.

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New energy brands are unstoppable and concentrated on the 2022 Tianjin International Auto Show _fororder_image027.

  Geometric automobile

  Based on the new users’ pursuit of personalized in-vehicle intelligent experience, Geometric Automobile has launched two models, namely Geometric G6/M6. All the new cars are equipped with ultra-electric intelligent cockpit developed based on HarmonyOS, which once again raises the upper limit of users’ intelligent experience and explodes users’ demand for diversified and scene-based travel with "true intelligence" and "true safety".

  Geometry G6/M6 has built a high-value intelligent cockpit environment for users, realizing the seamless switching between driving and life and the seamless connection of intelligent experience. At the same time, Geometry G6/M6 has a carefree experience of "starting in 3 seconds", and the "hard core" configuration of 8G+128G ensures that the car app is synchronized with the driver’s behavior, and the running speed is "seconds" to the same level.

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New energy brands are unstoppable and concentrated on the 2022 Tianjin International Auto Show _fororder_image029.

  Geometry G6/M6 makes L2-class intelligent assisted driving system the only standard system at the same level, and rich application scenarios make novice drivers no longer feel embarrassed on the road. At the same time, the ultra-electric intelligent cockpit standard in Geometry G6 and Geometry M6 can not only bring users a smoother, more convenient and richer ultra-electric intelligent cockpit, but also upgrade the entertainment mode and user experience, making the car change from a simple means of transportation to a life partner, making the car expand from a simple driving space to an entertainment space, a social space and a leisure space, and become the core carrier of the "third living space".

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  Aouita

  Aouita Science and Technology, together with its first product, Aouita 11, presents the fans and consumers in Tianjin and even North China with a brand-new travel feast brought by the world’s first "emotional intelligent electric coupe SUV" with its attractive, open and intelligent product charm.

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  As a new generation of intelligent electric vehicle technology platform — — CHN’s first product, Aouita 11, embodies the advantages of Changan Automobile, Huawei and Contemporary Amperex Technology Co., Limited in their respective fields, integrates the three characteristics of "new architecture, strong computing and high-voltage charging", and leads the new track of intelligent electric vehicle (SEV) with the strong product strength of Yan value ceiling, comprehensive performance ceiling and intelligent ceiling.

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  In-depth cooperation with Huawei, Aouita 11 became the first vehicle in the world with HI Huawei’s full-stack smart car solution as standard. Equipped with 34 intelligent driving sensors including three laser radars, and using a high-performance intelligent driving computing platform, AVATRANS intelligent navigation system including high-speed NCA intelligent driving navigation assistance, urban NCA intelligent driving navigation assistance (open user subscription through OTA), APA automatic parking assistance, RPA remote parking and other functions has been brought to consumers, achieving full scene coverage in highway sections, urban sections and parking links.

  Yuanhang automobile

  Yuanhang Automobile, a high-end new energy luxury brand under Universiade Group, was officially unveiled.

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  Yuanhang Y6 locates the D-class ultra-luxury car, which is luxurious and intelligent, and adopts the driver-centered design concept. The 17.38-inch oversized central control panel is located in front of the driver and extends above the center console. It is full of science and technology and integrates all the operating functions in the car. The number of physical buttons is minimal, simple and generous.

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  Yuanhang Y7 locates the D-class sports luxury car, which shows its extraordinary charm in an instant. The sculptural side lines depict the charming waistline and light posture, which makes people unforgettable. The interior layout of Yuanhang Y7 is very sporty, showing a simple and open feeling. Precise sports car-level ergonomic design, specially designed for the enduring and extremely fast driving experience of Fengchi Electric Engine.

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  Yuanhang H9 locates a large-scale sports luxury SUV, and the novel spoiler front apron and side panel design make Yuanhang H9 not only sporty, but also unique in personality. The car is equipped with 256-color variable atmosphere lights and 20-level brightness level, which can change intelligently according to the driving mode, breathing mode, running water welcoming mode and music rhythm mode, so that the car presents a completely different atmosphere tone and creates an excellent driving experience with passion and comfort coexisting, impact and calmness.

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  Gaohe HiPhi

  Gaohe brought its dual flagship models, the evolvable super-running SUV HiPhi X and the digital life GT HiPhi Z, to the show.

  HiPhi X, the first model of Gaohe, was built based on the three breakthrough concepts of "scene definition design, software definition car, and creating defined value together". The world’s first mass-produced open electronic and electrical architecture H-SOA super-body electronic and electrical architecture for vehicle application became an evolvable super-running SUV. The ultimate control and super-running dynamic performance show the personality of HipHi X. The vehicle is equipped with a dual-motor high-efficiency powertrain. Thanks to the dual 220kW motor blessing, HiPhi X has a 100-kilometer acceleration of 3.9 seconds. The world’s first evolvable high-performance proactive dynamic chassis can monitor and analyze the current road conditions and driving habits of users in real time, and make accurate control of vehicles.

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New energy brands are unstoppable and concentrated on the 2022 Tianjin International Auto Show _fororder_image038.

  Digital Life GT— the second flagship model of Gaohe Automobile; — Gaohe HiPhi Z continues Gaohe’s consistent TECHLUXE? technology luxury DNA. As a luxury smart coupe, HiPhi Z is a future car dedicated to the contemporary "young" creators. Manipulation in the electronic age gives HiPhi Z excellent performance. HiPhi Z is equipped with front and rear high-performance dual motors, with a single motor power of 247kW and a torque of 410Nm, achieving a 100-kilometer acceleration time of 3.8 seconds. Its 120-degree CTP battery pack is at the leading level in the industry in terms of power and energy density, and can provide a maximum CLTC cruising range of 705km.

  Concentration degree

  The limited edition of Jidu ROBO-01 lunar exploration completed the first stage of Jidu in the auto show. As a joint model of the lunar exploration project jointly launched by Jidu and China, in order to fit the theme of lunar exploration, Jidu took Star china white as the exclusive body color of the limited edition "Moonlight Skin" of ROBO-01 lunar exploration, and decorated it with the exclusive golden paint of the lunar exploration spacecraft, with the silk-screen printing of the "LUNAR EDITION" icon and multi-layer varnish technology, which greatly enhanced the uniqueness and product value of the limited edition. The LOGO of "China’s lunar exploration" and the addition of 21-inch aerodynamic wheel lunar exploration elements have enabled the joint elements to be presented in a panoramic view, showing their individuality in chic.

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  In the field of intelligent driving that car owners are most concerned about, with the help of PPA(Point to Point Autopilot), the limited edition of ROBO-01 lunar exploration will have the high-order intelligent driving ability of "three-domain integration" of high-speed, urban and parking, and realize the high-order intelligent driving facing the complex road conditions in urban areas while ensuring the safety of users, as well as the driving experience covering the whole scene in expressway sections, urban sections and parking links. At present, Jidu has launched the scene generalization of high-level intelligent driving in Beijing and Shanghai, and will ensure that the official version of PPA will gradually cover the national core cities with the industry-leading efficient research and development rhythm.

  Li Auto

  Ideal L8 was officially launched on September 30th, and L8 Pro and L8 Max are available. Ideal L8 provides metallic paints in four standard colors: gold, silver, gray and black, and three special edition car paints: purple special edition pearl paint, green special edition pearl paint and blue special edition cold light paint. LI brought a special edition pearl paint to this auto show.

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  Ideal L8 Max comes standard with ideal AD Max intelligent assisted driving system. The dual NVIDIA Orin-X computing chips carried by the ideal AD Max intelligent assisted driving system finally reach 508TOPS, which makes the intelligent driving system run more stably. It can process the fusion signals of high-definition camera, laser radar, millimeter wave radar and ultrasonic sensor in real time and efficiently. In the future, the system will realize the intelligent assisted driving function of the whole scene.

  The ideal L8 is equipped with a four-wheel drive system consisting of a 1.5T four-cylinder range extender and front and rear dual motors, with a comprehensive maximum power of 330kW, a peak torque of 620 N m and an acceleration time of 5.5 seconds per 100 km. The capacity of the battery pack is 42.8kWh, the CLTC battery life is 210km, and the CLTC battery life can reach 1315km when it is fully charged with oil.

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  Tucki

  Tucki G9 is positioned as a medium-sized and large-scale pure electric SUV, which is built on the basis of X-EEA 3.0 electronic and electrical architecture. It is the first product of 800V SiC ultra-fast charging platform in China, and it will realize the ability to recharge energy in the future when it is overcharged for 5 minutes and its battery life exceeds 200 kilometers. At the same time, the new car is also the flagship model of Tucki brand, and it will be equipped with a variety of intelligent configurations.

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  The central control part of Tucki G9 is equipped with the industry’s first mass-produced human-computer interaction system based on 3D UI, with dual 14.96-inch high-definition intelligent conjoined screens equipped with Qualcomm Snapdragon 8155 chips, and the new car will also be equipped with Xmart OS 4.0 UI operating system. In terms of intelligent driving, it will be equipped with dual NVIDIA DriveOrion intelligent assisted driving chips, with a computing power of 508 TOPS, which will help the XPILOT 4.0 system. In the power part, Tucki G9 is equipped with XPower 3.0 power system, which will provide two choices: two-drive single motor and four-drive dual motor, in which the maximum power of single motor is 230kW(312 HP), and the maximum power of dual motors is 175kW(238 HP) /230kW(312 HP) respectively, and it is matched with ternary lithium batteries, with a cruising range of over 700 kilometers. It is reported that Tucki G9 has two battery life versions, of which the single-motor version has a battery life of 702km, and the dual-motor version has a battery life of 650km. Both versions will be equipped with a 98kWh ternary lithium battery pack.

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New energy brands are unstoppable and concentrated on the 2022 Tianjin International Auto Show _fororder_image045.

New energy brands are unstoppable and concentrated on the 2022 Tianjin International Auto Show _fororder_image044.

  ARCFOX polar fox

  As a brand of high-end luxury new energy vehicles in China, Extreme Fox Auto has made its debut with a number of its heavy models with the core concept of "Extreme Fox Technology+". Scened product experience and diverse forms of user interaction make Extreme Fox one of the most popular brands at this auto show.

  The new HI version of Extreme Fox Alpha S takes intelligent driving to a new height. It is the world’s first production car that supports high-level intelligent driving on urban roads. The new car has 34 high-sensing hardware, which forms a set of ultra-high fusion sensing system with 360-degree full coverage, which truly restores the 3D physical world and accurately identifies obstacles. MDC810 intelligent driving computing platform supports 400 TOPS super computing power, and can easily cope with the test of complex road conditions with super brain.

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  The standard endurance versions of Extreme Fox Alpha T and Alpha S are also important thrust to achieve increment. Through these two new cars, while greatly lowering the entry threshold of "high-end new energy vehicles", Extreme Fox has also stirred up the market of pure electric vehicles with a price of 200,000 yuan, bringing more surging market vitality and giving consumers more choices in terms of quality and price. Most importantly, the quality of the new car has not decreased at all. While ensuring the core safety and core configuration, the performance of the new car has been greatly upgraded, which greatly enhances the overall market competitiveness.

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New energy brands are unstoppable and concentrated on the 2022 Tianjin International Auto Show _fororder_image047.

  Aean AION

  Guangzhou Automobile Aian officially released its new generation of high-end pure electric exclusive platform — — APE 3.0。 The platform inherits the three advantages of the previous generation, such as long battery life, large space and high security, and opens a brand-new "runway" with the release of high-end product Hyperplatinum as the starting point. In addition, the new AEP 3.0 platform draws lessons from the super-running low-center-of-gravity and lightweight body structure, so it realizes the track-level rear-drive driving control, that is to say, it uses the rear-drive layout with higher handling limit and supports the expansion of the four-wheel drive system.

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  Through the unique AICS intelligent chassis system, Aeon can adjust the wheel output torque, braking force and suspension rigidity according to a series of parameters such as wheel speed, turning angle, throttle and yaw rate, and realize multi-system dynamic matching control. Finally, the turning radius is as low as 5.3 meters. Note that this is done in a wheelbase of nearly 3 meters, and the steering accuracy and sensitivity are also improved by 30%, the cornering roll is reduced by 40% and the braking distance per 100 kilometers is less than 35 meters.

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New energy brands are unstoppable and concentrated on the 2022 Tianjin International Auto Show _fororder_image051.

New energy brands are unstoppable and concentrated on the 2022 Tianjin International Auto Show _fororder_image052.

  APE 3.0, a new generation of high-end pure electric exclusive platform, has the world’s fastest super-running electric drive technology, adopts X-PIN flat wire technology and intelligent multi-mode gear shifting technology, and can achieve a zero-acceleration performance of 4.9s under the condition of single motor drive. If it is driven by dual motors, it can achieve a zero-acceleration time of 1.9s, and the top speed can reach 300km/h..

  Feifan

  Feifan Auto made a wonderful appearance with the extremely intelligent high-grade pure electric SUV Feifan R7 full of sincerity. As the first flagship model of Feifan Automobile, Feifan R7 has fully demonstrated the strength of the "screen tyrant" in the intelligent cabin industry and the "roll king" in the intelligent driving industry with the help of hard-core products such as RISING MAX 3+1 giant screen, RISING OS intelligent cabin interactive system and RISING PILOT fully integrated high-order intelligent driving system.

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  The RISING MAX 3+1 giant screen of Feifan R7 is composed of the 43-inch wide true-color triple screen with the largest size of China brand mass-produced models and Huawei’s first mass-produced AR-HUD head-up system, which is known as the "screen tyrant" in the intelligent cabin industry. Not only is the size amazing, but it also has powerful functions. The RISING MAX 3+1 giant screen supports four-screen linkage, which can easily realize the seamless flow and interaction of information between the main driver and the auxiliary driver, and create an immersive and scene-based cockpit experience for users. Feifan R7 is also equipped with RISING OS intelligent cabin interactive system, which is equipped with the highest single-chip computing power in the industry and super brain — — The flagship chip of Qualcomm Snapdragon 8155 has set a new standard for the interactive intelligent cabin of smart cars. In terms of interface design, the RISING OS intelligent cabin interactive system adopts Kepler UI design aesthetics, which continues the design concept of "not complicated, that is, extraordinary" of Feifan automobile, integrates more natural landscape elements of the planet into the original elegant rational design, and shows the romance of technology.

  Euler

  Euler Lightning Cat was officially unveiled. It is positioned as a medium-sized pure electric car. While its shape is very retro, it also highlights the sense of technology through some details. In addition, the body also presents a dynamic slip-back shape, and the overall visual effect is very distinctive.

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  Lightning Cat provides a unique 10.25-inch three-barrel combined motion instrument and a 12.3-inch high-definition central control panel, using Qualcomm Snapdragon 8155 intelligent cockpit chip. In addition, its central saddle part is provided with a plurality of physical keys and knobs, and a three-spoke multi-function steering wheel is adopted, and some models also provide W-HUD head-up display function. In terms of intelligent driving function, the high-profile model of Lightning Cat is equipped with ORA-PILOT 3.0 intelligent assisted driving system, which can realize L2+ level automatic driving.

  Lightning Cat has launched single-motor and dual-motor versions, in which the single-motor version has a maximum power of 150kW(204 HP) and a peak torque of 340 Nm, while the dual-motor performance version has a comprehensive power of 300kW(408 HP) and a comprehensive peak torque of 680Nm. In terms of battery life, the cruising range of CLTC in Deluxe Edition and Premium Edition is 555 kilometers, the cruising range of CLTC in Long Edition is 705 kilometers, and the cruising range of CLTC in Four-wheel Drive High Performance Edition is 600 kilometers.