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The next unicorn company or internet parking？

　　This paper comes from the research report of CITIC Securities.

　　At present, there are five modes of Internet parking: parking information sharing, whole process optimization, parking reservation B2C, parking sharing P2P and parking service.

　　The present situation of traditional parking industry in China includes four major pain points: large gross gap, scattered structure, scattered management and low level of intelligence. This directly leads to many problems, such as hard to find a parking demand side, poor parking experience, high vacancy rate of parking supply side and high management cost.

　　Nowadays, with the development of the Internet, social networks oriented to C-terminal and e-commerce oriented to commodities have become increasingly mature, especially in the era of mobile Internet, with the universal networking through intelligent terminals and C-terminal, the basic environment such as mobile payment has become increasingly complete, and the conditions for the Internet to sink into the physical industry have also matured.

　　"internet plus Parking" connects the scattered parking lots through the Internet, breaks the information island and realizes the optimal allocation of limited parking resources. Under the three driving forces of sharing economy, capital influx and favorable policies, various parking Apps have emerged in internet plus parking market. According to incomplete statistics, there are far more than 100 parking Apps in China at present.

　　Then, after the cake gradually appeared, what is the real status quo of domestic Internet parking development? What are the potential development and investment values?

Four types of players

　　There are four main types of Internet parking players: 1) Entrepreneurial companies; 2) Intelligent parking equipment vendors; 3) municipal traffic control department; 4） BAT。At present, mainly startups and smart parking equipment vendors, BAT is only slightly involved.

　　Entrepreneurial companies:Internet parking is on the rise, and a large number of entrepreneurial companies are pouring in, such as parking knowledgeable person, ETCP, Tintin Parking, E-parking, etc. The resources of entrepreneurial companies are short-board, as long as the asset model is light.

　　Intelligent parking equipment vendor:Taking advantage of the east wind of "internet plus", the intelligent parking equipment supplier has transformed and upgraded from a simple intelligent parking software and hardware provider to a complete solution provider of "intelligent parking equipment+cloud platform +APP", which has the advantages of software and hardware technology, and at the same time, the settled parking lot customers constitute resource advantages. Such as worry-free parking, Jieshun Technology (Jieshun Parking), Anjubao, Cubic Holdings (Hangbai) and so on.

　　Municipal traffic control department:Municipal traffic control departments have mastered roadside parking spaces and off-street public parking spaces (taking Beijing as an example, the municipal government has mastered 16.65% of parking spaces), which has resource advantages, strong financial resources and strong integration ability, such as Shenzhen Road Traffic Management Affairs Center (suitable for parking) and Shanghai Municipal Transportation Commission (Shanghai Parking).

　　BAT：Unlike "taking a taxi in internet plus" which is monopolized by "Ali+Tencent", BAT is still slightly involved in "parking in internet plus". Tencent uses WeChat WeChat official account+WeChat Pay, Baidu uses Baidu Map+Baidu Wallet, and Ali uses Alipay+Gaode Map+Cube Holdings to cut into Internet parking, mainly integrating and embedding parking apps with maps, payment applications and traffic portal applications.

Five modes

　　At present, there are five modes of Internet parking: parking information sharing, whole process optimization, parking reservation B2C, parking sharing P2P and parking service.

　　Parking information sharing: light assets+integrated data+entry service, saving search cost.

　　This mode makes full use of the existing intelligent parking equipment in a light asset way, and connects the intelligent parking lot to the internet through the meter, intelligent parking management system, parking garage card issuing machine, etc., integrating real-time free parking information, breaking the information island, realizing the sharing of parking space information, providing users with parking space search recommendation and parking space navigation service, and saving the search cost (saved search cost = (vehicle cost per unit time+owner time cost) × saved parking space search time). In addition, static information of the parking lot is also collected, including name, location, total parking spaces, POI information of exit/entrance, business hours, charging standards, photos, etc. Some apps also integrate information of service facilities around the parking lot, such as car washing and charging piles. The core of this model is information, and the key is wide coverage, accurate and reliable real-time free parking space information.

　　Advantages: light assets, can be copied quickly at low cost. The bottleneck is that it is difficult to form wide coverage, accuracy and reliability of real-time parking space information: the intelligent level of parking lot is low, the data standards are different, and the integration is difficult; Parking lot operators are not willing to open data for free. Therefore, some apps predict and estimate the number of free parking spaces through algorithms, and calibrate and supplement the integrated data. At present, the accuracy of most APP static information needs to be improved, and the reliability of real-time spare car information is worrying.

　　Profit model: free sharing of parking space information; Cut into the parking space reservation from the approach service, and may charge trading commission in the future; Realize traffic realization through automobile aftermarket (such as parking in knowledgeable person); Provide real-time parking space data service to navigation and map merchants, and realize data realization (Parkme).

　　Typical cases: Parkme in the United States and parking in knowledgeable person in China.

　　Whole process optimization: emphasizing assets+paving equipment+process service, deeply involved in parking lot operation.

　　By laying intelligent parking equipment, this model realizes the intelligentization and internetization of parking lots, provides parking optimization services for C-end car owners in the whole process of empty parking space search/matching, parking space reservation/reservation, parking space navigation, reverse car search and quick payment (often focusing on the two major pain points of "parking space search, navigation" and "payment"), and at the same time, deeply intervenes in parking lot operation management, so as to increase the leakage for B-end parking lot users. Offline resources are exclusive, and the core of this model is standardized and rapid replication, robbing parking lot resources.

　　Advantages: heavy assets, high viscosity after entering the parking lot, and the real-time parking information obtained is more accurate and of high quality. The bottleneck is that the offline line is too heavy. Entering the parking lot needs to be broken through one by one. The negotiation of benefit sharing, the installation, renovation, maintenance and upgrade of smart equipment are slow, and it is difficult to standardize and copy, which requires a large number of push teams. Most domestic players (such as ETCP, worry-free parking, etc.) even adopt the strategy of giving away equipment for free to accelerate the penetration of parking lots, but they need strong capital support.

　　Profit model: free for C-end users; Assist the B-end parking lot operation management to improve operation efficiency, reduce labor costs, increase turnover rate and income, and it is expected that charging parking fees to the parking lot will be the main profit point; Extend to the category of "car life" including washing, maintenance and repair, and cut into the automobile aftermarket to realize traffic realization.

　　Typical cases: Streetline in the United States, ETCP in China, worry-free parking and suitable parking.

　　Parking Booking B2C: Parking Ctrip Mode

　　This model is similar to "Ctrip", which connects parking lots and provides parking reservation service. The parking lot operator publishes the information of the parking spaces that can be reserved through the platform, and the owner inquires and reserves on the platform to ensure that there are parking spaces. Because of the low level of intelligent parking lot in China, this mode is rarely used.

　　The profit model of B2C parking reservation: extracting the reservation service fee.

　　Typical case: JustPark in Britain.

　　Parking space sharing P2P: Sharing parking spaces and revitalizing idle parking resources.

　　This model provides docking service for car owners who have parking spaces and want to park by building a parking space sharing platform for car owners, which can revitalize the free time of parking spaces, improve the utilization rate of parking spaces, generate income for car owners and solve the parking problem for car owners. At present, there are two main routes: one is using light asset mode, such as Sweetch and MonkeyParking, and the other is using intelligent ground lock, Internet of Things parking lock +APP mode, such as Tintin parking and leisurely parking.

　　The problem of P2P parking sharing mode tends to rely on flexible social interaction, underestimating punctuality and unexpected situations, which can easily lead to poor customer experience, and it is difficult to regulate reasonable and unexpected emergencies. At the same time, the P2P mode of parking space sharing not only involves platforms and direct users, but also inevitably involves property and parking management companies, which constitutes the bottleneck of offline promotion. In addition, in the main application scenario, the two sides of high-frequency trading may collude to bypass the platform.

　　Profit model: participation in parking space sharing generates revenue sharing. Because it involves property and parking management companies, some apps also let property share some revenue (such as Tintin parking).

　　Typical cases: MonkeyParking in America and Tintin Parking in China.

　　Parking service: Artificial berthing has the clearest profit model.

　　In this mode, the parking agent is used for parking, which completely liberates the owner from parking difficulties, saves the owner’s time cost, and revitalizes the idle parking resources in the accessories of the parking agent, exchanging time for space.

　　Bottleneck of valet parking mode: The car has been out of the owner’s control for a long time, and the safety and trust problems are the main obstacles for the owner to accept parking service mode. Solving these two problems is the core of the promotion of this mode. The main cracking methods are: laying cameras for 24-hour all-round monitoring; After the parking is completed, take photos of the odometer and fuel gauge so that users can compare them when picking up the car; E Daibo independently developed the key storage system of the cloud cabinet car; Substitution insurance, etc.

　　Profit model: parking service model has the clearest profit model, charging parking service service fee directly, and its target customers are car owners with high time value and low price sensitivity. At the same time, the automobile aftermarket is also the focus of profit, so it is necessary to wash and maintain the car for the owner during the parking period.

　　Typical cases: LUXE and ZIRX in the United States, e-berthing and feibotong in China.

Development characteristics

　　1. The Internet parking market has a vast space.

　　Parking difficulties are gradually spreading from first-and second-tier cities to third-tier cities, which is universal. There are 35 cities with more than 1 million cars in China, and the total number of cars is over 60 million. It is expected that these 35 cities will become the core market for Internet parking penetration. If the per capita parking expenditure is 3,000 yuan/year, the parking industry fees in these 35 cities total more than 180 billion yuan. Internet parking permeates the whole parking process, and we believe that Internet parking service providers can get at least 10% of the cake of the whole industry. Regardless of the market increment created after internetization, the market space for Internet parking is more than 18 billion yuan.

　　2, multi-party separatist regime, national and regional players coexist.

　　Intelligentization is the premise of internet, and the level of intellectualization of parking lots in China is not high, which determines that the road of attaching importance to assets must be experienced. We believe that the whole process optimization model will develop first, and it is unlikely that there will be a winner-take-all situation. The future competition pattern will be: multi-party separatism, and national and regional players will coexist.

　　3. Map navigator, traffic portal platform or integrator.

　　Map navigators, traffic portal platforms or integrators will open up the "separatist regime" to form a complete urban parking puzzle. Internet taxis connect drivers and C-end users, while Internet parking needs to integrate B-end parking lots to provide services for C-end users. The key to Internet parking is offline. We believe that BAT will play the role of integrating and opening up parking apps by relying on traffic advantages, and it is unlikely to become a direct participant.

　　4. The key to success is resources and capital.

　　Grasping the resources of high-quality offline parking lot is the key. Different from internet taxi, internet parking is a hard project, and mastering huge and high-quality parking resources is the key. The value of parking APP to car owners increases exponentially with the scale of parking network. After Pang’s parking network is formed, it also constitutes a competitive barrier.

　　Capital support decides who can laugh last. Whether it is subsidizing the C-terminal, cultivating users’ habits, or building an intelligent parking network, it needs strong capital strength. Some players have pushed the speed-up equipment for free, which has raised the capital threshold. Backed by giants, introducing resources and flow is a lever. The mobile Internet traffic portal has been occupied by giants such as BAT. Backed by giants, access to resources and traffic import are important chips that stand out.

What changes have taken place in the past three years？

A large number of innovative drugs and "life-saving drugs" have entered the medical insurance drug list, which is the space saved by centralized procurement.

　　　　On December 6, 2018, the centralized procurement of drugs in "4+7" pilot cities was opened in Shanghai. This means that the long-brewing national drug centralized procurement with quantity has officially kicked off.

National centralized drug procurement with quantity, referred to as "centralized procurement" for short, means that drug procurement institutions "package" the scattered purchases of medical institutions through public bidding, and purchase a clear number of drugs from drug suppliers by "group purchase", thus reducing procurement costs.

　　　　At that time, the national medical insurance department entrusted the Shanghai Pharmaceutical Centralized Bidding and Purchasing Affairs Management Office under the Shanghai Medical Insurance Bureau to undertake the daily work of the national drug joint purchasing office (hereinafter referred to as "joint purchasing"). In the past three years, the joint procurement has organized six batches and seven rounds of national centralized procurement, and the scope of implementation has expanded from 11 cities to the whole country. The procurement content has expanded from oral dosage forms to injections, from chemical drugs to biological drugs, and the variety, quantity and degree of competition have been constantly breaking through.

　　　　Specifically, what are the breakthroughs?Let’s take a look at the changes in these three years through the data.

The original drug was greatly reduced in price, and the "patent cliff" appeared.

　　　　Among the six batches and seven rounds of centralized mining, the first five batches and six rounds are all chemical drugs. From the first batch of "4+7 quantity procurement" to the fifth batch of quantity procurement,A total of 218 varieties were covered, and the average price of the selected products decreased by 53%, which reduced the burden on patients by about 250 billion yuan.

　　　　The number of selected products shows an upward trend.In the "4+7 quantity procurement", 25 of the 31 pilot generic drugs were successfully selected, with a successful selection rate of 81%. Since then, the number of selected varieties has reached 32, 55, 45 and 61 respectively. The sixth batch of insulin special procurement is the first time that the national centralized procurement has been extended to the field of biopharmaceuticals, which is quite different from the first five batches of procurement rules, and the number of selected varieties is 16.

　　　　Except for the sixth batch of insulin special procurement, the average decline of the other five batches and six rounds of centralized procurement was above 50%, which remained stable. The fifth batch of centralized mining decreased by 56%, which was higher than other batches. It can be clearly seen that the centralized collection and extrusion of drug price moisture has played a positive role in promoting the return of drug prices to rationality.

　　　　Centralized purchasing not only reduces the burden of drug use for the masses, but also improves the efficiency of the use of medical insurance funds.After calculation, the results of each batch of bidding saved 5.8 billion yuan, 19.5 billion yuan, 9.1 billion yuan, 19.5 billion yuan, 13.2 billion yuan, 24.1 billion yuan and 9 billion yuan for the pilot areas or the whole country. Among them, the fifth batch of centralized procurement selected the most varieties, involving a total amount of 55 billion yuan, saving medicine costs to the highest in previous centralized procurement.

　　　　As a result, has the medical insurance expenditure decreased? Where did all the money saved go? In fact, to improve the efficiency of the use of medical insurance funds is not only to "cut costs", but also to spend money on the cutting edge. In recent years, a large number of innovative drugs and "life-saving drugs" have entered the medical insurance drug list, which is the space saved by centralized procurement. The continuous increase of medical insurance expenditure has prompted pharmaceutical enterprises to intensify innovation and promoted the process of high-quality development of the pharmaceutical industry.

　　　　The participation and winning bid rate of each batch of original research pharmaceutical companies have always been the focus of attention. Although the average decline of the selected original drugs in the first four batches of centralized procurement was relatively high, climbing from 71% and 79% to 82% and 84%, there were 10 foreign companies involved in 11 products in the fifth batch of centralized procurement, and their participation was significantly improved.

　　　　Foreign companies actively embrace centralized purchasing. On the one hand, the fifth batch of centralized purchasing involves many kinds of injections, and the successful result will have a great impact on the sales of enterprises in hospitals. Faced with such a big market change, foreign companies can’t "sit idly by". More importantly, it has been gradually accepted by the industry and society because the original drug is equivalent in quality and can compete on the same field. This is the embodiment of the implementation effect of the generic drug consistency evaluation policy and the embodiment of the normalization and institutionalization of centralized purchase.

　　　　More and more original drugs have been greatly reduced in price, indicating that the phenomenon of "patent cliff" has appeared.The so-called "patent cliff" means that after the patent protection of a newly developed and listed drug expires, more generic drugs will appear on the market, and the increase in supply will lead to a cliff-like decline in the price of the original drug. In the past, the prices of some original drugs in China were higher than those in neighboring countries and regions for a long time, and the phenomenon of "patent cliff" failed to happen. Now, this phenomenon has finally happened because of national centralized mining.

"Taking quantity" is the core, and promoting "exchanging quantity for price"

　　　　Six batches of centralized mining, which drug varieties have the highest decline?Based on the 457 drugs with known historical prices, the top drugs have different uses. Rivaroxaban, an anticoagulant in the fifth batch of centralized mining, dropped by as much as 99.5%, which is a veritable "price reduction king". Memantine for the treatment of Alzheimer’s Harmo’s disease and olanzapine for the treatment of schizophrenia are also in the forefront with a drop of over 97%. Taking olanzapine orally disintegrating tablets as an example, patients used to spend 849 yuan a month, but now they can save 822 yuan by using the selected varieties, which can save more than 9,000 yuan a year.

　　　　Some time ago, the "soul bargaining" in the national medical insurance drug list negotiation triggered a heated discussion. Is collective purchasing "soul bargaining"? In fact,Centralized purchasing and medical insurance negotiation are two different things.Although both of them belong to the "drug price reduction" initiative, the medical insurance negotiation is to include drugs in the catalogue, so that they can be reimbursed through medical insurance, and there is no provision for hospital dosage; Centralized procurement requires hospitals to give priority to the use of selected drugs and complete the contract dosage on time. It can be said that "with or without quantity" is the main difference between the two. In addition, the drugs selected in centralized procurement include both varieties in the medical insurance catalogue and those outside the catalogue.

　　　"Carrying quantity" is the core of centralized purchasing, and "exchanging quantity for price" can promote enterprises to reduce prices. So,What are the ten varieties with the largest purchase volume?It can be seen from the agreed procurement volume in the first year of the country that the drugs for common diseases, such as hypertension and hyperlipidemia, are still in the greatest demand, among which metformin for treating type 2 diabetes has the largest procurement volume, with the agreed procurement volume reaching more than 5 billion tablets in the first year, and the actual procurement volume in the first year of the country exceeds 8 billion tablets. 2021 is the 100th anniversary of the discovery of insulin, and insulin has been continuously introduced in the past 100 years. At present, the second generation of recombinant human insulin and the third generation of recombinant insulin analogues are commonly used products in clinic. Relatively speaking, the third-generation insulin is safer and more effective, and the price is higher.

　　　　Just at the end of last month, the sixth batch of centralized purchase of insulin was opened in Shanghai. This collection covers the second and third generations of insulin, including 16 generic varieties. The purchasing demand of medical institutions in China in the first year is about 210 million pieces, and the purchasing amount involved is about 17 billion yuan according to the pre-centralized purchasing price. The average price reduction of the products to be selected is 48%, and it is estimated that the annual cost can be saved by 9 billion yuan.

　　　　The three years that Ji Cai has gone through are three years of challenges and achievements. The "Tenth Five-Year Plan" for National Medical Security proposes that by the end of the "Tenth Five-Year Plan", the number of drug varieties purchased by each province through national and provincial centralized quantity will reach more than 500. Practice has proved that only by holding on to the reform achievements and constantly promoting the normalization and institutionalization of centralized drug procurement can we better serve the overall situation of national medical and health reform and development and provide people with all-round and full-cycle health services.　　　　

◆ Source | Jiefang Daily/China Medical Insurance

Xingyue L has been listed for 137,200 times, all of which are equipped with Volvo 2.0T engine and Aisin 8AT gearbox.

Write in front:

Although the rise of domestic brand SUV in recent years has also promoted the development of the whole China brand, it is undeniable that after the joint venture brand launched the SUV market, the China brand was greatly threatened, which can be seen from the trend of the proportion of models in the SUV sales list. Through the analysis of SUV market, we can easily find that the main battlefield of China brand is below 150,000 yuan, but the SUV market with 150,000 yuan or even more than 200,000 yuan is still occupied by joint venture brands. For example, Tiguan L, Haoying, RAV4, Qijun and other products are still the vanguard in the 200,000-yuan market.

Is there any product that China brand SUV can get in the market of 150,000 yuan or even 200,000 yuan? Is there a China car that can impact the joint venture brand SUV market? It is difficult for us to find such a China brand SUV that can compete with the market at the same level or seize the share of joint venture brands, but with the appearance of L, this situation is likely to bring new changes.

Xingyue L is listed, and the price is even more surprising.

L is an SUV model that was born and paid attention to super height. From its earliest appearance to the launch of Shanghai International Auto Show, Xingyue L has its own aura wherever it goes. Not only that, it has also become a new car with the highest attention of unlisted new cars. Netizens frequently watch the Star Yue L on the Internet, and they can also see the charm of the Star Yue L. The voice of this car is getting higher and higher.

Under the persistent voice, the long-awaited Xingyue L of netizens and users finally ushered in the listing. On July 20th, 2021, the brand-new SUV Xingyue L was officially launched in Hangzhou, the automobile base camp. This time, the new car launched two power combinations, totaling six models, and the official price range of the new car was 137,200-185,200 yuan. Not only that, Xingyue L also brought multiple car purchase policies including rejuvenation gift, financial gift, flow gift, maintenance gift, and gift box quality enjoyment gift.

As soon as the price came out, the voice of the new car conference kept on, and the author was directly shocked by such a price. You know, as a car like Xingyue L, the starting price of 137,200 yuan is absolutely delicious, while the top price of less than 190,000 yuan is even equal to the beggar version of the compact joint venture SUV. The sincerity of price and the absolute advantage of product strength make the author call: this will be another new car on the SUV hot-selling list.

Li Shufu, the head of the platform, Xingyue L stands for the brand flagship.

Not only that, but also a mysterious figure was seen at the launch conference of the new car: Li Shufu, the head of the car. As we all know, at all kinds of major events of the automobile group, especially at the launch conference of new cars, we hardly see the figure of Li Shufu, the head of the automobile group, but this time he is uncharacteristically present at the new car launch conference of Xingyue L, which is somewhat unexpected.

In his speech at the new car launch conference, Li Shufu also revealed the reason why he appeared at the listing meeting of Xingyue L: Xingyue L is a unique new car, a model that connects the past with the future and the latest flagship SUV of the brand. Li Shufu, who has not appeared in front of the new car or even the press conference for a long time, is a platform for Xingyue L, which is somewhat puzzling. The speech was short, the tone was ordinary, and Li Shufu, who was dressed in casual clothes, gave a brief account of his mental journey by telling stories. Until the "good luck all the way, forever" turn, the back that disappeared on the stage made the author see the bright future of the car.

Walking all the way to the venue in the Asian Games venue of Hangzhou Olympic Sports Center, the new car of Xingyue L greeted us all the way, which made us see something different. The strategy of "parent brand’s high-end" is quite different from other independent brands’ impact on the high-end. The automobile’s brand-new high-end brands are all bypassed by parent brand, but this time, they directly gave their products high-end on "parent brand", launched a brand-new Star Yue L, and directly competed with mainstream joint venture vehicles for their equivalent values.

Although there are high-end brands like Krypton at present, compared with itself, it has different significance to Li Shufu, the head of the company. In my opinion, as far as personal feelings are concerned, the success and weight of ""is the original intention of Li Shufu to build a car. I think this should also be the reason why Li Shufu chose to cross the L platform for the brand-new model at this time.

High-end, not high-end price, but high-end products. Provide high-end products at affordable prices and declare war on joint venture brands. The significance of the "Star Series" product itself is to drive the overall value of the brand, to ordinary people, to afford higher-end products at more appropriate prices, and to the whole China brand, it is the strength embodiment of declaring war with the joint venture brand.

The space advantage of Xingyue L far exceeds the same level.

Back to L, the flagship product itself, Xingyue L is superior among domestic products with the same price and value. Xingyue L itself is defined as a compact SUV, but it has more advantages than the space of a compact SUV of the same level. The length, width and height of the new car are 4770*1895*1689mm, and the wheelbase is 2845mm, which is close to the size level of a medium-sized SUV.

It is worth mentioning that the Xingyue L is still a big five-seat layout. You know, in the current domestic SUV market, there are not a few seven-seat SUVs, but from the actual use and experience, even at the level of medium-sized or even medium-sized SUVs, the overall experience of the seven-seat layout is still not satisfactory. Compared with 5 seats, the third row of 7 seats can only be used in an emergency, and long-distance use will be very tasteless. The layout of the big five seats, coupled with the overall design of acoustic materials, sound insulation materials and NVH of Xingyue L, make the cockpit more spacious and comfortable.

The appearance and interior design can be said that radish and vegetables have their own tastes. We won’t go into details here, but it doesn’t mean that Xingyue L is a bright spot in internal and external design. However, the price of 140,000-180,000 makes Xingyue L reach the level and value of the joint venture brand of 300,000.

Smarter, safer, and the advantage of leapfrog L.

For example, the new car is equipped with the Galaxy OS system for the first time, which adopts the Qualcomm Snapdragon 8155 chip with the strongest vehicle specification, and can realize the three-screen linkage of IMAX and the four-screen linkage of 25.6-inch AR-HUD. As the intelligent cockpit with the largest "screen ratio", the author experienced this function at the scene of the new car launch. On the co-pilot, we can easily catch up with dramas, movies and variety shows. This design not only appeals to young users, but also appeals to children’s likes. It is estimated that no child will refuse to drive long distances.

At the launch of the new car, we saw the powerful function of Xingyue L to simulate the sounds and sounds from the short words of real people and copy them to the voice of personal tailor. I believe it belongs only to your voice function, and no one will refuse it. In addition, it opens up the ecology with Internet partners such as WeChat and Tik Tok, and realizes the functions of online WeChat and Tik Tok. The 5G-AVP intelligent unmanned parking system is also absolutely practical, which also reflects the advantages of Xingyue L in intelligence.

It is also worth mentioning that consumers are most concerned about: car safety. Affected by mergers and acquisitions, the safety concept of "zero casualties" has been carried forward in the brand. Xingyue L appears under the top safety pedigree of CMA Super Matrix in the world. It can be said that Xingyue L is a China safety car armed from head to toe. For example, it is equipped with EMA emergency steering assistance system, and the elk test has passed 79 km/h. In addition, the HWA Expressway assists driving, which can help you drive safely to the greatest extent.

High-strength steel in the car body accounts for 78.94%, the roof pressure resistance is 5.2 times, and it exceeds the highest standard in the industry by 30% …………………………………………………………………………………………………………………

It has the largest number of 24 sensing originals, 26 active safety configurations, 360-degree full detection without dead angle, 540-degree transparent chassis, patented battery tray design, front grille collapse, aluminum alloy anti-collision beam, anti-whipping safety seat, etc … How many cars can you find out from head to toe, even if you put aside the price of 140,000-180,000 yuan and put it at a level above 300,000 yuan?

Power far exceeds the same level, in one word: fragrance.

Having said that, let’s talk about the performance of Xingyue L in power. As a brand-new model from CMA super matrix, Xingyue L can be said to have a "good foundation". The new car comes standard with the Drive-E series 2.0TD engine, in which the high-power version has a maximum power of 175kW, a maximum horsepower of 238Ps and a maximum torque of 350 N m..

In terms of transmission, it is matched with Aisin 8AT gearbox, which is characterized by high reliability and smooth shifting. In addition, the high-power version of the car is also equipped with the sixth-generation electro-hydraulic four-wheel drive system launched by Borgwarner in China, which makes its 100-kilometer acceleration reach 7.7 seconds and its 100-kilometer braking reach 37.37 meters, which is comparable to luxury cars.

Even the low-power version has excellent power performance. The low-power version has a maximum power of 160kW, a maximum horsepower of 218Ps and a maximum torque of 325N.m. In terms of transmission, it is matched with a 7-speed wet dual-clutch gearbox. The biggest feature of this set of power is better power acceleration and better fuel economy. The front McPherson independent suspension and the rear multi-link independent suspension of Xingyue L also ensure its driving comfort to the greatest extent.

Write at the end:

For me, Xingyue L is not only a new product, but also a new starting point, a transformation and sublimation of the brand. It is not difficult to understand that Li Shufu, the head of the company, stands at Xingyue L. From the perspective of product strength and positioning, Xingyue L is undoubtedly a new car that directly targets joint venture brands such as CR-V, Tiguan L, Haoying, RAV4 and Qijun, and it also has such strength.

At the scene of the new car launch, we also saw the China Star composed of Xingyue L, Xingyue S and Xingrui, which represent the highest level of car-making in China, and also let us have a deeper understanding of the brand CMA high-end series. China Star, the strongest lineup of China’s flagship, also shows us the real strength of the China brand to compete with the joint venture brand.

Leapfrog space, leapfrog luxury, leapfrog intelligence and safety, leapfrog motivation and such sincere price make the author have to expect that there will be another new player on the SUV hot-selling list in the future.

40 thousand for a new one The first batch of new energy vehicle batteries will soon be ＂retired＂

　　Cctv newsIn recent years, new energy vehicles have developed rapidly, but the retirement period of the first batch of power batteries for new energy vehicles is coming. Some new energy owners are facing the dilemma of changing batteries or selling cars at low prices. Mr. Zhang from Shenzhen, Guangdong, recently encountered this problem.

　　Five years ago, Mr. Zhang bought a hybrid new energy vehicle, but after several years of use, he obviously felt that the endurance was insufficient, and problems such as charging and power failure became more and more obvious. Mr. Zhang wants to sell this new energy car, but after asking around in the used car market, the price given by the used car dealer makes him very helpless.

　　It is understood that the warranty of Mr. Zhang’s new energy vehicle is about to expire, and it is necessary to replace the battery at his own expense after the expiration. The reporter learned from the 4S shop that if the battery is to be replaced after the warranty expires, the cost is expected to be around 40,000 yuan. This is basically consistent with the price of some new energy vehicles in the used car market. According to industry insiders, the service life of general automobile power batteries is now 5-8 years. Due to early technical factors, the first batch of new energy vehicle power batteries put into the market are basically at the critical point of elimination, and the peak of "retirement" of new energy vehicle power batteries is coming.

　　The reshuffle of the new energy industry affects the second-hand market transactions, and the car dealers have low enthusiasm for collecting cars.

　　At present, the production, sales and ownership of new energy vehicles in China have ranked first in the world for four consecutive years, and the industrial competitiveness has been continuously improved. But as far as the whole new energy automobile industry chain is concerned, the used car market is still in its infancy, especially since the second half of this year, the whole new energy used car market has become increasingly deserted.

　　Liu Qiang’s used car dealership has been open for five years. Two years ago, their business increased the sale of new energy used cars. Last year alone, they collected a total of thirty or forty electric used cars. But this year, Liu Qiang took the initiative to reduce the purchase of new energy used cars. In the used car market, fuel vehicles have always been the absolute main force. However, in the past few years, new energy vehicles have emerged in an endless stream. Although the amount is not large, some will be collected. However, the good times did not last long. Since this year, several new energy car companies have stopped production, and the used cars of these brands have been neglected for a while, which has greatly dampened the enthusiasm of car dealers.

　　The reporter came to a used car market in Shenzhen and saw only a very small number of new energy vehicles, accounting for less than 5% of the whole market. Not only offline, the reporter searched for pure electric vehicles on several used car platforms, but there were very few models that could be seen. Although there were more hybrid used cars, the total amount was still not comparable to that of fuel used cars.