Recall rate 100%! Jia Yueting has been building cars for 9 years and recalled them all
1. FF91 recall rate is 100%!
Daily Economic News reported on March 12 that Faraday Future (hereinafter referred to as "FF") filed a recall plan with NHTSA (U.S. Highway Traffic Safety Administration) to recall 11 FF91 2.0 units produced in 2023. The reason for the recall is that when the airbag control When the airbag unit (ACU) detects a system failure, a software error may prevent the airbag malfunction warning light from illuminating. The driver will not be alerted to the ACU's loss of communication failure, which may increase the risk of occupant injury if the airbag deploys correctly during a collision. risk.
In response to the above defects, FF will upgrade the iHUB module software through OTA, and a notification letter to car owners is expected to be sent out on March 15. Official data shows that FF will only deliver 10 FF91 2.0 Futurist Alliance vehicles in 2023, including one owned by Jia Yueting. Among the 10 owners are well-known American real estate developers and entertainment stars. In 2014, Jia Yueting started his "car-making dream" and established FF.
On February 7, 2024, FF and Jia Yueting simultaneously announced the delivery of one FF91 2.0 Futurist Alliance. In January 2017, FF released its first mass-produced car, the FF 91. But half a year later, LeTV's financial crisis broke out. Jia Yueting flew to the United States and was teased to "return to China next week." On March 30, 2023, FF announced that it would start production of the FF 91 Futurist at its FF ieFactory factory in Hanford, California, USA. It is the company's first mass-produced model and flagship model.
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2. Xiaomi SU7 is scheduled to be released on March 28, Lei Jun responds to the new energy vehicle price war
On March 12, based on comprehensive information from Securities Times, Kuai Technology and other media, Xiaomi SU7 is scheduled to be officially released on March 28. In addition to the launch time, Xiaomi also announced the detailed information of Xiaomi Auto Stores for the first time. The first batch of The stores cover 29 cities across the country, with a total of 59 stores. The launch of Xiaomi Auto comes at a time when the price war for new energy vehicles is intensifying. In response to the current fierce competition in the industry, Lei Jun, founder, chairman and CEO of Xiaomi Group, said: "We are fully prepared in all aspects." As soon as the news of the final release of Xiaomi SU7 came out, the Weibo topic "Xiaomi SU7 price" "quickly topped the Weibo hot search list.
From the current point of view, Xiaomi SU7's launch time, technological innovation, parameter configuration and strategic positioning within Xiaomi's system have all been known to the market, but the unannounced price is still the biggest suspense. Under this hot search topic, many netizens expressed their opinions on the pricing of Xiaomi SU7. Some netizens said that the pricing of SU7 will follow Xiaomi's cost-effectiveness route, and Xiaomi's pricing will still be very conscientious for the same configuration. Previously, Xiaomi founder Lei Jun said that Xiaomi SU7 was designed in accordance with DreamCar standards and the investment was very large, so it is indeed a bit expensive, but the price is reasonable.
3. India will impose stringent requirements on Chinese mobile phone manufacturers again
Observer.com reported on March 12 that the Indian government required Chinese smartphone brands such as vivo and OPPO to make three "important changes" to localize their distribution structures in India. First of all, India hopes that these Chinese mobile phone companies will let Indians serve as management of local branches. According to reports, Xiaomi (India) has hired an Indian manager, but industry executives said that Chinese management still has the final say. OPPO and vivo have no relevant actions yet. Secondly, India hopes that these brands will gradually replace Chinese distributors with Indian distributors.
It is reported that the distribution companies that vivo and OPPO cooperate with in various states are owned and managed by the Chinese. However, starting from April, vivo will cooperate with Indian corporate agents in New Delhi, Punjab, and Haryana. OPPO has also set up an agency in Delhi. Similar distribution network. Two executives said that at the request of the Indian government, the above-mentioned Chinese companies are expected to promote this distribution model across India. Vivo expects to absorb Indian employees originally from Chinese distributors or place them in designated local distributors, while Chinese employees originally in India can only return home. For brands such as Xiaomi and Realme that have chosen to designate Indian companies for distribution from the beginning, the third requirement put forward by India is that they must find local OEMs in India.
4. Hesai Technology announced its Q4 and full-year financial results for 2023
On March 12, Hesai Technology announced its fourth quarter and full-year financial results for 2023. The financial report shows that for the whole year of 2023, Hesai Technology achieved revenue of 1.88 billion yuan, a year-on-year increase of 56.1%; of which revenue in the fourth quarter was 560 million yuan, a year-on-year increase of 37.1%. In terms of delivery, Hesai Technology's total delivery volume of lidar in 2023 was 222,116 units, a year-on-year increase of 176.1%; in the fourth quarter, 87,736 lidar units were delivered, a year-on-year increase of 84.6%, and the single-quarter delivery volume exceeded the total in 2022. Delivery volume. At the same time, in the fourth quarter, Hesai Technology's lidar delivery volume exceeded 300,000 units, becoming the first automotive lidar company in the industry to achieve this milestone.
Looking forward to 2024, Hesai Technology said: "As we enter 2024, we expect first-quarter revenue to decline, reflecting a significant slowdown in our robotaxi business from last year, as well as the traditional seasonal pull effect of the Chinese automotive industry in the fourth quarter. , and a temporary decline. As ADAS lidar shipments accelerate, our revenue structure will shift from autonomous mobility dominance (including robotaxis and industrial robots) to ADAS revenue from 2023. Accounting for less than 40% of our revenue in 2024 will increase to approximately 60% in 2024.”
Image source: Hesai Technology
5. Tesla restores power to Gigafactory Berlin, Germany
Sina Technology reported on March 12 that due to power outages, Tesla’s Berlin Gigafactory in Germany has suspended production for a week since March 5. The power company responsible for resolving the initial blackout said the plant has now been reconnected to the grid. Tesla said that after power is restored, it will gradually start up the system in the factory. It is reported that the factory currently has approximately 12,500 employees.
According to previous reports, Tesla's Gigafactory in Berlin, Germany, was suspected of being set on fire by extreme environmentalists, which ignited a substation, causing damage to power facilities, halting production at the factory, and causing a power outage in parts of Berlin. The power outage prevented Tesla from producing about 1,000 cars per day. The person in charge of the factory previously stated that the losses caused by the power supply interruption would reach hundreds of millions of euros.
6. Apple announced a new Shenzhen applied research laboratory
Zhongguancun Online reported on March 12 that Apple announced the expansion of its applied research laboratory in China, including upgrading the capabilities of its Shanghai research center to provide support for reliability, quality and material analysis of all its product lines, and plans to later this year Opened an applied research laboratory in Shenzhen. Ge Yue, Apple vice president and managing director of Greater China, said: "This investment will further deepen our commitment and better support us in providing users with the world's top products."
This series of moves is aimed at strengthening Apple's position in the Chinese market and providing better support for its future product development. This investment is part of Apple's China strategy, which aims to establish closer cooperative relationships, strengthen ties with local suppliers, and bring better products and services to the Chinese market. By opening research labs in Shanghai and Shenzhen, Apple can work more deeply with local suppliers, improve testing and research capabilities, and further optimize the design and functionality of its products.
7. AWE 2024 will open on March 14
China Economic Net reported on March 12 that the 2024 China Home Appliances and Consumer Electronics Expo (AWE 2024), the top technology event in the global home appliance and consumer electronics industry, will open on March 14 at the Shanghai New International Expo Center. This year's AWE takes "Smart Technology, Create and Enjoy Life" as its theme. It is reported that the application of artificial intelligence and other technologies in the field of home appliances and consumer electronics will become the focus of AWE 2024. The exhibition will focus on presenting high-end, customized, integrated, and packaged smart home appliances and scenario-based smart IoT life solutions. plan.
For example: Hisense will showcase its new terminal products in laser TV, new display and other fields, as well as its industrial layout in chips, automotive electronics, VR and other fields; Huawei will create a 1,500+ square meter full-scenario smart life immersive experience space, bringing a full range of Scenario technology products and interconnected future home experiences; TCL’s 37 categories and more than 150 cutting-edge technology products will also be unveiled. In addition, Samsung will move its entire product line to the AWE stage for the first time; LG will also showcase its portable TVs, OLED game monitors, steam clothes care machines and other products.
8. U.S. senators propose legislation to restore FCC spectrum auction rights
Sina Technology reported on March 12 that two US senators announced that they would restore the power of the US Federal Communications Commission (FCC) to conduct spectrum auctions. That power expired about a year ago. U.S. Senators John Thune and Ted Cruz have introduced a spectrum pipeline bill that could restore the FCC's authority to auction spectrum licensed for 1,250MHz mobile broadband services. If passed, the bill will cover the frequency band between 1.3GHz and 13.2GHz. Meredith Attwell Baker, president and CEO of the Wireless Communications and Internet Association of America, praised the introduction of the bill and noted that the bill will create a robust pipeline of full-power licensed spectrum.
The FCC lost the power to auction spectrum in March 2023. In December of the same year, the House of Representatives voted to pass the "5G Spectrum Authorization and Licensing Implementation Act," but this was only a stopgap measure, giving regulators temporary power to complete spectrum transfers to winners of past auctions. T-Mobile announced last week that it had received FCC approval to deploy the 2.5GHz spectrum it won in the 2022 auction. The FCC has raised more than $233 billion in revenue for the U.S. government through auctions.
9. Oracle: Previous fiscal year 2026 outlook may have been too conservative
According to news from the financial industry on March 12, cloud giant Oracle said that the company will soon release an exciting joint statement with NVIDIA; the previous fiscal year 2026 outlook may be too conservative, and it is expected that capital expenditures in the fourth fiscal quarter will be "due to cloud computing centers" "Significant increase"; Adjusted earnings per share in the fiscal fourth quarter are expected to be $1.62-1.66; Total cloud services revenue excluding Cerner is expected to increase by 22-24%; Revenue in the fiscal fourth quarter (excluding Cerner) is expected to increase by 6 -8%.
According to Oracle's latest financial results for the third quarter of fiscal year 2024, Oracle's total revenue for the quarter reached US$13.3 billion, a year-on-year increase of 7%, and net profit reached US$2.4 billion, a year-on-year increase of 26%. Among them, cloud services and licensing support revenue increased by 12% in U.S. dollars to $10 billion.
10. Pony.ai and Luxembourg signed a memorandum of understanding on autonomous driving cooperation
Netcom reported on March 12 that Pony.ai announced the signing of a memorandum of understanding with the Luxembourg Grand Park Government to promote the development of autonomous vehicles and technology in Luxembourg. This also marks that Pony.ai and the Luxembourg government have signed a memorandum of understanding to promote autonomous driving research in the region. , development and deployment formally reached cooperation. In the past year, Pony.ai has conducted preliminary research on the implementation of self-driving travel services with local institutions in Luxembourg. Luxembourg’s technological atmosphere and innovative soil provide prerequisites for the implementation of related travel products.
It is reported that with the support of Luxembourg’s national innovation agency Luxinnovation and others, Pony.ai plans to establish a regional R&D center in Luxembourg. The center focuses on the exploration and research and development of cutting-edge areas of autonomous driving, and will play a key role in Pony.ai launching customized autonomous driving solutions for the European market and users. Founded in 2016, Pony.ai is the first company in the world to launch self-driving travel services in both China and the United States. Currently, its global technology layout has expanded to Europe, North America, East Asia and the Middle East.
11. LG Electronics will invest US$60 million in Silicon Valley robotics startups and become the largest single shareholder
According to Jiemian News on March 12, LG Electronics announced that it will invest US$60 million in Silicon Valley startup Bear Robotics to further develop new growth engines. Bear Robotics, founded in 2017 by former Google software engineer Ha Jung-woo, specializes in developing AI-powered autonomous service robots.
LG Electronics said in a statement that after the completion of this equity investment transaction, the company will become the largest single shareholder of Bear Robotics. LG Electronics said Bear Robotics’ AI indoor delivery robot has been approved in the United States, South Korea and Japan. This investment reflects LG Electronics’ determination to accelerate development in the field of service robots, which is a core part of its future development strategy.
12. It is reported that Apple has begun developing a MacBook Pro equipped with M4 chip
According to the Financial Associated Press on March 12, technology reporter Mark Gurman said that Apple has just begun developing a MacBook Pro equipped with an M4 chip, but did not disclose any further details. Apple released the M1 chip for Mac in November 2020, followed by the M2 chip in June 2022, and the M3 chip at the end of October 2023. There is a gap of about one and a half years between the launches of each chip. . If this pattern continues, the M4 chip is expected to be released in the first half of 2025.
Gurman also said that Apple is expected to continue exploring augmented reality glasses, AirPods with artificial intelligence and cameras, generative artificial intelligence and products with robot-like functions. Of course, the company is continuing to develop its existing product line, even eyeing foldable/touchscreen Macs.
The content of this article is compiled from the Daily Economic News, China Economic Net, Zhongguancun Online, Observer Network, Sina Technology, Jiemian News, Securities Times, China Financial News Agency, Financial Industry, Netcom, Kuai Technology, etc. , and is for communication and learning purposes only. If you have any questions, please contact us at info@gsi24.com.
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