Let's take stock of what major events have happened in the automobile circle on February 21, 2024.
Automotive Event 1: Qualcomm Launches Automotive-Grade Wi-Fi 7 Access Point Solution.
A few days ago, Qualcomm officially announced the launch of the latest product of the Snapdragon automotive intelligent connectivity platform, the automotive-grade Wi-Fi 7 access point solution: Qualcomm QCA6797AQ. Based on Wi-Fi 7, the solution will help improve link reliability, reduce latency, increase network capacity, and make network connections faster for in-vehicle applications in the future.
Qualcomm says Wi-Fi 7 will usher in a new era of connected services for cars. Automakers will be able to provide software updates, offload data for diagnostics, and even provide temporary features or upgrades through the platform. Wi-Fi 7 dramatically increases capacity with a 320MHz channel using 6GHz of spectrum, and with 4K QAM, Wi-Fi 7 achieves up to 5The peak throughput of 8Gbps and the stronger anti-interference ability can make various in-vehicle applications that need to be connected run more smoothly and reduce the occurrence of lag or disconnection.
Auto event 2: Hyundai Motor Group released its 2023 full-year results, with an operating profit hitting a record high.
Recently, Hyundai Motor Group announced its global sales volume and full-year financial results for 2023. Hyundai's global sales in 2023 were 4,216,898 units, up 7% year-over-year, and Kia's global sales were 3,087,384 units, up 6% year-over-year4%。Hyundai Motor Group's cumulative global sales in 2023 exceeded 7.3 million, once again becoming the world's third largest automobile group, which is also the second consecutive year that Hyundai Motor Group has held the third place. Despite the slowdown in global economic growth, Hyundai Motor Group and Kia both achieved rapid growth.
It is worth mentioning that a number of indicators such as total revenue and operating profit for the whole year broke through record highs, and Hyundai Motor Group entered the fast lane of high-quality development. Among them, Hyundai Motor's total revenue in 2023 is 1627 trillion won (about 8753 yuan.)2.6 billion yuan), a year-on-year increase of 144%, and full-year operating profit climbed to 1513 trillion won (about 813 yuan.)99.4 billion yuan), a year-on-year increase of 54%, both hit a record high, and the net profit was 1227 trillion won (about 660 yuan.)12.6 billion yuan), a year-on-year increase of 537%；Kia's total revenue in 2023 is 9981 trillion won (about 5,369 yuan.)77.8 billion yuan), a year-on-year increase of 153%, and the annual operating profit was 1161 trillion won (about 624 yuan.)61.8 billion yuan), a year-on-year increase of 605%。
Hyundai Motor Group's global sales ranking reached a new high, mainly due to its rich product portfolio and the strong sales of high-margin models around the world. Among them, electric vehicles have become a new engine for Hyundai Motor Group's continuous growth. Hyundai Motor is a global leader in electrification, focusing on optimizing profitability by strengthening its global electric vehicle (EV) production infrastructure, developing agile business strategies to adapt to market changes, and strengthening preemptive risk management capabilities.
Automobile incident three: JAC yttrium for 10,000 electric vehicles exported to the Gulf Central and South America.
On February 21, JAC Yttrium, a subsidiary of JAC Group, exported 10,000 electric vehicles, opening the road to international development of JAC. It is reported that 5,000 yttrium cars will be exported to the Gulf region and Central and South America.
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