[Gaohe Automobile responds to being sued by FF].On March 5, Gaohe Automobile issued a statement on Weibo, saying that the company and Ding Lei did not have any plagiarism and infringement of FF company's trade secrets and intellectual property rights, nor did they have unfair competition; The company's mass-produced Gaohe X Z Y series models are all independently developed and jointly developed with first-class business partners, with independent intellectual property rights; The company has been established for 6 years, and the company and Ding Lei have never received a lawsuit from FF Company before. The company said it would protect the rights and reputation of the company and its founders through legal means. (The Paper).
[RT-Mart responds to the wave of store closures: the painful period is inevitable, RT-Mart will focus on the second- and third-tier markets in the future].Lin Xiaohai, Executive Director and CEO of Sun Art Retail, responded to RT-Mart's "store closure wave" for the first time, admitting that the past few years have been a "painful transition period" for hypermarkets, and that he will explore more new retail formats based in Shanghai and the Yangtze River Delta in the future. Lin Xiaohai said that this year is the year of transformation for Sun Art Retail, from a "channel-based retailer" to a "merchandise-driven retailer". The recent "wave of store closures" is an inevitable period of pain, and the closure of stores is also continuing to open new stores, and it is expected to open 5 new stores in FY2025 and 15 stores in three years. Lin Xiaohai also said that in the future, the new store plan will focus on second- and third-tier cities, "hoping to invest in more competitive areas." "Sun Art Retail is headquartered in Shanghai, but M Club has no plans to open a store in Shanghai for the time being. (Sohu News).
[VOYAH CEO Lu Fang: "Individual assessment" policy is a great encouragement, which is conducive to us to increase our market share].On March 5, the State-owned Assets Supervision and Administration Commission said that the state-owned car companies were not developing fast enough in new energy vehicles, and conducted a separate assessment of the new energy vehicle business of the three ** automobile companies. In response to this matter, Lu Fang, CEO of VOYAH, a new energy brand of Dongfeng Group, said that as a high-end new energy vehicle brand created by Dongfeng Company, the "separate assessment" policy is a great encouragement to us, which makes us more firm in our strategic determination and development confidence, which is conducive to our hands, work hard, stimulate innovation vitality, meet user needs, and increase market share. (Sina Finance).
[France is considering imposing hefty fines on ultra-fast fashion brands such as SHEIN to "curb excessive consumption and environmental pollution"].In a new bill, French parliamentarians have proposed that fast-fashion brands like SHEIN, which refresh their products at breakneck speeds, should be subject to penalties of up to 50% of the price of their clothing to "offset their environmental impact." Instead of updating their collections four times a year like traditional clothing brands, ultra-fast fashion brands are launching thousands of new products every day, "causing overconsumption and unnecessary pollution," French parliamentarians said. The parliamentarians proposed a fine of up to 10 euros for each item sold by 2030, or a fine of up to 50% of the selling price. In response, Shein said the company follows "best international practices in terms of sustainability and social commitment." (NetEase News).
[Hit the annual sales target of 100,000 vehicles again! ] The management of AVATR took the initiative to collectively adjust the salary, and it does not involve ordinary employees for the time beingFollowing frequent personnel adjustments, AVATR Technology (Chongqing)** once again "moved" to the management's income. "Our management has taken the initiative to collectively apply for a salary structure adjustment, and the management's monthly income is directly linked to the sales volume, and the floating ratio has been increased. A few days ago, the relevant person in charge of AVATR Technology told reporters, "Get more money when the sales are good." According to Changan Automobile's plan, AVATR Technology plans to achieve a sales target of 90,000 units in 2024. According to the above-mentioned relevant person in charge of AVATR Technology, "After the management salary is linked to the sales volume, our year-end sales target in 2024 will also be increased by an additional 10,000 units." This means that AVATR Technology will challenge the sales target of 100,000 units this year. (National Business Daily).
[Meta is rumored to reject Google, Quest will not introduce Android XR].Meta has decided to reject Google's offer not to launch the Android XR platform on the Quest headset, while Google remains open to the partnership, according to sources. (Phoenix.com).
[NIO's revenue in 2023 is 556.]200 million yuan, cash reserves rose to 57.3 billion yuan].On March 5, NIO released its financial results for the fourth quarter and full year of 2023. In the fourth quarter, NIO's revenue was 1710 billion yuan, a year-on-year increase of 65%;Net loss of 53$6.8 billion; The gross profit margin of the whole vehicle was 119%；Cash reserves were RMB57.3 billion, a significant increase of RMB12.1 billion from the previous quarter. For the full year of 2023, NIO's total revenue will be 556200 million yuan hit a new high, a year-on-year increase of 129%；Annual R&D expenditure was 134300 million yuan. (Sina Finance).
[Foreign media exposed: Chaowei Semiconductor sold "customized AI chips" to China, but was blocked by the United States as "too strong in performance"].When the American company AMD sold "customized artificial intelligence (AI) chips" to the Chinese market, it encountered obstacles from the United States**. The report claims that this is part of Washington's plan to crack down on the export of "advanced technology" to China. Regarding the move of the United States to restrict the export of chips, the Chinese side has said that the facts have proved that the "small courtyard and high wall" cannot stop the pace of China's innovation and development, nor is it conducive to the healthy development of the entire industry, including American companies. (Globe.com).
[Alibaba's core business interaction is frequent, and the business listing plan has changed].The first action is focused on the resumption of free flow of employees between Taotian Group and the international digital business group, which is expected to be launched in mid-March. (Tencent News).
[Musk responds to Tesla's German factory fire].Musk said that it would be extremely stupid to stop producing electric vehicles instead of fossil fuel vehicles in response to the fire at Tesla's German factory. It is reported that Tesla's German factory was previously damaged by environmentalists suspected of arson, and it was rumored that the arsonists wanted to "shut down Tesla", and Musk responded to this under the relevant tweet. (Global Market Broadcast).
[Lu Weibing: Xiaomi's market share in France is about 20%, and the next key focus is high-end].On March 5, Lu Weibing, president of Xiaomi Group, issued a document saying that he arrived at Xiaomi's French office today to hold a business seminar with the team. Xiaomi has a market share of about 20% in France, and the next step is to focus on premiumization. The Xiaomi Mi 14 Ultra has received a good response in the market, facing the competition with Apple and Samsung in the 1500 euro + ** segment. (Sina Finance).
[People close to Vanke: **Rumors about long-term rental apartment assets are untrue].Recently, it has also been rumored in the market that Vanke is planning to part of the equity of its long-term rental apartment company "Boyu". However, a person close to Vanke said that the news was not true. (Sina Finance).
[Amazon Web Services and Anthropic deepen cooperation, Amazon Bedrock adds Claude 3 model].Amazon Web Services has announced that the Claude 3 series, the leading model of Anthropic, a company dedicated to AI security and research, will be based on Amazon Bedrock. The Claude 3 series models offer industry-leading accuracy, performance, speed, and cost advantages. This advancement will empower businesses of all sizes to rapidly test, build, and deploy generative AI applications in their organizations. (Global Market Broadcast).
[ZEEKR joined hands with the Philippine Autohub Group to enter the Philippine marketGeely Automobile's premium electric vehicle brand, Zeekr, announced that it has entered into the Philippine market by partnering with the Philippine Autohub Group. It is expected that from the second quarter of this year, the ZEEKR 001 and ZEEKR X models will be pre-sold and delivered locally. In addition, ZEEKR's first store in the Philippines, ZEEKR Nitrogen Space, is scheduled to open in BGC, Manila's core business district, in the first half of this year. (NetEase News).
[Minimax, a large-scale model startup, is reported to be valued at more than $2.5 billion].According to market sources, the large model startup Minimax is valued at more than $2.5 billion. Previously, it was reported that Minimax is in the process of raising a new ** scale, and Ali is the core lead investor. It is reported that MiniMax has previously completed 3 rounds of financing, and investors include Tencent, miHoYo, etc. （Smartbeast Analysis
[Volant Aviation completed a round of financing of 100 million yuan].China's electric vertical take-off and landing aircraft (EVTOL) company Volant Aviation recently announced the completion of a round of financing of 100 million yuan, which was led by CDH Baifu and Zigong Chuangfa, followed by old shareholders Qingsong** and Gengxin Capital, and Gengxin Capital also served as the exclusive financial advisor. This round of financing will promote the acceleration of product development, testing and airworthiness certification, and promote the construction of Sichuan Vorant project company. （Smartbeast Analysis
[AI startup Baseten completed $40 million Series B financing].Baseten, an American AI startup, announced the completion of a $40 million Series B funding round led by IVP and Spark Capital, with participation from Greylock, Conviction Partners, angel investor Lachy Groom, etc., with a valuation of more than $200 million. Founded in 2019, Baseten helps customers take trained open-source or custom AI models and put them into public use. （Smartbeast Analysis
[Microlight Medical completed a strategic round of financing of over 100 million yuan].Shenzhen Zhongke Microlight Medical Device Technology has received a strategic investment of more than 100 million yuan, and this round of financing is jointly invested by Huarui Investment, Guangzhou Industrial Investment Capital, and Chasing Light Hard Technology. The financing funds will be used for the continuous development of new products in the field of laser medicine, clinical registration and further expansion of overseas markets. （Smartbeast Analysis
[Jia Na Energy completed hundreds of millions of yuan in Series A financing].JiaNa Energy, a manufacturer of cathode and anode materials and battery systems for sodium-ion batteries, completed a round of financing of hundreds of millions of yuan. This round of financing was led by Zigong High-tech Investment, followed by Chaowei Group and Suzhou Xiangcheng Financial Holdings, with the old shareholder Shunwei Capital continuing to inject and Taihe Capital serving as the exclusive financial advisor. The funds will be mainly used for the investment and construction of 10,000 tons of cathode material production line, product research and development and market expansion. （Smartbeast Analysis
[Huawei JAC cooperation model information**: Commander 52 meters, annual output of 350,000 units].Recently, JAC Motors released information showing that the construction project of JAC Motors with an annual output of 200,000 mid-to-high-end intelligent pure electric passenger vehicles is environmentally feasible. Among them, the DE pure electric platform products cover B-class cars, C-class cars, A+-class SUVs and B-class models, of which B-class cars and A+-class SUVs are aimed at first-time users; C-class sedans and B-class SUVs are aimed at upgrading users, mainly for product advancement. The X6 pure electric platform currently covers the model level of medium and large MPV models. The model is expected to be as long as 52 meters, wheelbase up to 32 meters. (Phoenix.com).
[Multi-angle official pictures of the Lynk & Co 07 EM-P model released: frameless doors are adopted, known as "breaking the same with original design"].On March 5, Lynk & Co released a multi-angle official picture of the Lynk & Co 07EM-P model on its official Weibo, claiming to "break the sameness with original design". The model will make its world premiere in Shanghai at 18:00 on March 8. The official picture shows that the Lynk & Co 07EM-P model adopts frameless doors, and the latest front face design of the Lynk & Co 08 and Lynk & Co 06EM-P "same" family is used. The side looks with sporty lines and an upward design at the rear. (IT House).
[The official picture of the ARCFOX Alpha S5 was released, positioning it as a medium and large pure electric car].Arcfox has officially released an official poster of the Alpha S5 model, showing the exterior design of the new car, and it has not been officially confirmed when the new car will be launched. The new car is positioned as a mid-to-large all-electric sedan, which is the brand's second sedan product after the Alfa S, with a range of more than 500 kilometers. In fact, Alpha S5 has been declared by the Ministry of Industry and Information Technology as early as August last year. The overall shape of the new car follows the design concept of the Jihu family, and it was previously rumored on the Internet that the price is between 20-300,000 yuan. (IT House).
[Agency: Apple's iPhone sales in China in the first 6 weeks of this year increased by **24% year-on-year].According to agency data, in the first six weeks of this year, Apple's iPhone sales in China fell by 24% year-on-year, ranking fourth among China's smartphone manufacturers. China's smartphone market as a whole fell by 7%. Huawei's mobile phone sales increased by 64% in the first six weeks. Driven by the sales of the Mate60 series, Huawei's market share has increased from 94% to 165%, Apple's share slipped to 15 percent from 19% last year7%。(The Paper).
Yesterday's morning reviewCrush GPT-4 in an all-round way! OpenAI's rival launched Claude 3 models; Haidilao will be open to joining; Apple may skip the spring event and directly release a new product丨Bang Morning Post.