BYD suddenly issued profit bonuses, with a large gap in employee bonuses; Ideal confirmed that Song Ziwei had resigned; Legendary Automobile plans to list in Hong Kong | Auto Morning News
Latest update time：2024-10-08
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Important news
NEWS REMIND
1. "Internet celebrity" product manager Song Ziwei was revealed to have resigned after only one year at Ideal Auto
2. More than 100,000 yuan in hand! BYD was exposed to have distributed profit bonuses to employees. BYD responded: This is true
3.
Xiaomi SU7's National Day new lock orders exceeded 6,000, and the current lock order needs to wait for 22 to 28 weeks
4. SERES sold 35,825 vehicles in September, up 402.81% year-on-year
5. Report card of new car-making forces: Nezha plummeted, Zeekr Leapmotor rose, and Xiaomi hit a monthly sales target of 20,000
Today's headlines
HEADLINE NEWS
"Internet celebrity" product manager Song Ziwei was revealed to have resigned after only one year at Ideal Auto
Recently, some netizens broke the news that Song Ziwei has resigned from Ideal Auto. An insider said that Song Ziwei is no longer in the Ideal company's Feishu address book and should have resigned before the holiday. At present, Song Ziwei's last sharing of content related to Ideal Auto on her personal Weibo @Violet_宋中 was on August 28. According to a report by Dongchedi, Ideal Auto confirmed the news: "Song Ziwei has indeed resigned. Thank you for her contribution in the work and wish her all the best in the future." Since the official announcement of joining Ideal Auto last year, Song Ziwei has been exposed to resign again in just one year. The reason for resignation and her next stop are still unknown.
In 2019, Song Ziwei jumped from Shanghai Huawei Technologies Co., Ltd. to vivo as iQOO product manager, and made her debut at the iQOO Neo conference in July of the same year. With her deep expertise in the technology circle and her appearance, Song Ziwei quickly gained a lot of attention. In mid-September 2023, Song Ziwei resigned from iQOO for personal reasons, and made her first appearance as an employee of Ideal Auto in December 2023, serving as the keynote speaker at the Ideal Auto Intelligent Software Conference. At that time, news such as "Song Ziwei's Ideal Auto Debut", "Song Ziwei Ideal Auto Conference", and "Song Ziwei has resigned from iQOO" all became hot searches on Weibo.
In July this year, Song Ziwei publicly stated that she "is used to buying the best-selling products in this category, trying them for 7 days, and then keeping the best one and returning the other products." In addition, she also "strongly suggested" that e-commerce platforms set up a 7-day return reminder in the comment area. This statement has caused a lot of controversy. Some netizens believe that the above behavior is an infringement of the rights and interests of merchants. Afterwards, Song Ziwei publicly apologized and said that her behavior was wrong and very bad, and it also violated her original intention. (Red Star Capital Bureau)
Domestic Information
DOMESTIC NEWS
More than 100,000 yuan in hand! BYD was exposed to have distributed profit bonuses to employees. BYD responded: The situation is true
Recently, BYD employees have posted messages on social media platforms saying that they suddenly received a "profit bonus" from the company without any warning. According to the information shared by these employees, the amount of this "profit bonus" is quite considerable, with some receiving bonuses of 70,000 to 80,000 yuan, and some even receiving bonuses of more than 100,000 yuan.
The reporter learned that the "profit bonus" was indeed issued, and the amount received by employees was different. However, it was not without signs. "I heard that it would be issued a long time ago." An employee told the reporter. Some employees also said that the company notified them by email before issuing the "profit bonus". "From the amount, BYD is very generous this time." An automobile blogger sent a message. According to his verification, BYD D-class has a "profit bonus" of 100,000 to 200,000 yuan, and E-class also has a "profit bonus" ranging from tens of thousands to hundreds of thousands of yuan. According to some employees, this year's profit bonus distribution is quite different. The good ones will get better, and the bad ones will only get worse. The era of big pot meals is over.
It is reported that the amount of the "profit bonus" is related to the employee's level and business unit. It is understood that the "profit bonus" issued by BYD is not a "holiday allowance" or a quarterly bonus, but is actually the year-end bonus of the previous year. A BYD employee said that there is no such thing as a year-end bonus within the company, only a "profit bonus." "BYD will issue a 'profit bonus' in September." A BYD employee told reporters. There are also new BYD employees who sent messages to confirm that when HR discussed salaries, it was mentioned that the "profit bonus" for that year would not be issued until September of the following year. (Securities Times)
It is reported that Chery Holdings' automobile subsidiary plans to be listed in Hong Kong, with a valuation expected to exceed US$7 billion
On October 7, Bloomberg News quoted people familiar with the matter as saying that Chery Holdings Co., Ltd. is considering listing its automobile division in Hong Kong, with a valuation of approximately US$7.1 billion (approximately RMB 50.221 billion).
The report said Chery is seeking support from banks to help with the company's initial public offering (IPO), and discussions are still ongoing, and details such as the specific size of the IPO may change. Chery representatives did not immediately respond to requests for comment.
A car owner actually lay down after turning on the automatic driving! Zeekr Guan Haitao: We strongly discourage such illegal behavior
Recently, a video of a car owner lying down and watching TV in the autopilot mode went viral online. In the video, the car owner used a bottle of beverage to pass the hand grip test of the autopilot on the steering wheel, while he and the co-pilot covered themselves with a blanket and watched TV. In this regard, Guan Haitao, CMO of Zeekr Intelligent Technology, said that although he understands the user's recognition and trust in Zeekr's intelligent driving capabilities, he does not encourage the behavior in the video.
He stressed that Zeekr does not encourage any behavior that does not comply with regulations, and strongly urges users to comply with relevant laws and regulations and safety specifications when using autonomous driving functions. When using autonomous driving technology, users should always remain vigilant and ensure safe driving. (Fast Technology)
It is reported that Xpeng Motors received more than 16,000 new orders during the National Day holiday, with MONA and G6 being the main models
On October 7, blogger @孙少军09 revealed that during the National Day holiday, Xpeng Motors received more than 16K (or 16,000) new orders.
Xiaomi SU7's National Day new lock orders exceeded 6,000, and the current lock order needs to wait 22 to 28 weeks
On October 7, blogger @孙少军09 revealed that Xiaomi SU7 received over 6,000 new orders during the National Day holiday. The standard version of Xiaomi SU7 is expected to be delivered in 25-28 weeks after the order is locked, the Xiaomi SU7 Pro is expected to be delivered in 22-25 weeks after the order is locked, and the Xiaomi SU7 Max is expected to be delivered in 22-25 weeks after the order is locked.
In response, Lei Jun confirmed on Weibo that the number of Xiaomi SU7 orders during the National Day holiday exceeded 6,000.
(IT Home)
Xiaomi SU7 Ultra prototype unexpectedly appeared on official app, to be released in the first quarter of 2025
On October 7, a user accidentally found the option of the Xiaomi SU7 Ultra prototype when configuring the Xiaomi SU7 in the Xiaomi Auto App, but no relevant vehicle pictures were displayed. After further clicking, it was shown that the configuration was sold out. However, the option has now disappeared, so it is not yet certain whether this is a bug in the Xiaomi Auto App.
On September 24, the prototype of Xiaomi's high-end SU7 Ultra model made its debut at the Nürburgring Nordschleife in Germany. Xiaomi officials previously announced that the SU7 Ultra prototype will officially challenge the Nürburgring Nordschleife in October this year, and the mass-produced model is scheduled to be released in the first quarter of 2025.
(IT Home)
Xpeng Motors receives an increase of approximately RMB 578 million in stake from JPMorgan Chase
Recently, JPMorgan Chase increased its stake in Xpeng Motors by about 12.15 million shares at an average price of HK$52.6312 per share, involving a capital of about HK$639 million (currently about RMB 578 million). After the increase, JPMorgan Chase currently holds about 83.1 million shares of Xpeng Motors, and its holding ratio has increased from 4.57% to 5.35%.
In September 2024, Xpeng Motors delivered a total of 21,352 new cars, a record monthly record, a year-on-year increase of 39% and a month-on-month increase of 52%. Among them, Xpeng MONA M03 delivered more than 10,000 units. From January to September 2024, Xpeng Motors delivered a total of 98,561 new cars, a year-on-year increase of 21%. (IT Home)
Ideal Auto staff responded to the high-speed charging piles being occupied by other brands of vehicles: We have received relevant notices and need to open them to third-party models
Recently, the topic of "Ideal high-speed charging piles being occupied by other brands of vehicles" has been hotly discussed online. In response to questions such as why its own high-speed charging piles do not suspend services for other brands of vehicles, the employee in charge of charging network issues of Ideal Auto responded, "We have received relevant notices and need to open them to third-party models." When asked whether there are also requirements for opening charging piles in urban areas, the staff member said, "There are similar situations in urban areas."
In fact, the branded charging stations built by domestic new energy vehicle companies have almost no restrictions on third-party brands. NIO previously introduced that NIO has built 23,277 charging piles, the largest number among domestic automakers. Among them, 80.25% of the electricity is provided to non-NIO brands. In addition, the top three brands using NIO charging piles are BYD, Tesla and Aion, which are also the three brands with the highest number of pure electric vehicles in China.
(Fast Technology)
The supercharging stations built by the Lantu brand will be launched in Beijing, Shanghai, Guangzhou, Shenzhen and other cities in the future. The supercharging piles are suitable for all its models.
Recently, Lantu Motors announced that its first smart supercharging station was officially completed. Its "megawatt-level" VP1000 smart charging pile can replenish 1.7km of range per second, with a peak charging power of 1000kW, a peak current of 1000A, a charging voltage range of 200-1000V, and a 20-second ultra-fast start. Lantu's megawatt-level charging pile uses a self-developed thermal management system, and the 6kW cold source is adapted to the 2.8cm liquid cooling gun line.
Lantu Motors said that all Lantu models can be charged using Lantu supercharging piles (the charging output power will vary depending on the specific configuration of the vehicle). At present, it is fully promoting the construction of Lantu's self-built supercharging piles across the country, and will be first implemented in cities such as Beijing, Shanghai, Guangzhou, and Shenzhen. During the charging period of the Lantu Zhiyin, people can be carried in the car. Except for the inability to drive, other functions such as the car entertainment system and cabin lighting will basically not be restricted.
(IT Home)
GAC Aion enters Qatar market, AlON Y Plus pure electric model is launched
The Aion brand and AlON Y Plus product launch conference was recently held at the GAC showroom in Doha, officially launching the new energy model AION Y Plus. At the event, Marco Melani, regional president of Al-Futtaim Group's automotive business segment, revealed: "In the future, we will further expand our electrified product lineup and accelerate the launch of new energy models such as Haobo HT, Haobo GT and Haobo SSR."
Last September, GAC Aion launched its first overseas model, the AION Y Plus, in Bangkok, Thailand. GAC Aion has made significant progress in Southeast Asian markets such as Thailand, Malaysia, Singapore, Cambodia, Vietnam, the Philippines, and Indonesia, and has invested in building its first overseas manufacturing base in Thailand. GAC Aion previously stated that its globalization strategy is being accelerated, and it will further accelerate its global layout in the future, building global production and sales bases in Asia Pacific, Europe, the Middle East, and the Americas to popularize high-end smart electric vehicles around the world. (IT Home)
Ledao battery swap service fee charging model officially announced: service fee adjusted once a month
On October 7, Ledao Automobile officially announced the charging model of its battery swap service fee. The battery swap fee is calculated as "single battery swap fee = (electricity fee + service fee) x battery swap amount". If the amount of electricity swapped does not reach the minimum amount of 20 degrees, the service fee will be charged according to the minimum amount of electricity swapped, and the electricity fee will be calculated based on the actual amount of electricity swapped.
It is worth noting that the per-kilowatt-hour service fee will vary depending on the site and time period. Ledao plans to support fee screening and display optimization through iterative car apps to improve user experience. In addition, Ledao Auto's battery replacement service fee will be adjusted once a month, while the per-kilowatt-hour electricity fee will be adjusted according to the price of the State Grid. (Fast Technology)
Seres Automobile sold 35,825 vehicles in September, a year-on-year increase of 402.81%
On October 7, SERES released its September 2024 production and sales report. In September, the production of new energy vehicles was 37,416, a year-on-year increase of 312.89%, and the sales volume was 37,407, a year-on-year increase of 265.09%; the cumulative production this year was 321,286, a year-on-year increase of 370.05%, and the cumulative sales volume was 316,713, a year-on-year increase of 364.23%. Among them, SERES Automobile produced 36,327 vehicles in September, a year-on-year increase of 495.43%, and sold 35,825 vehicles, a year-on-year increase of 402.81%.
On the 1st of this month, Hongmeng Intelligent Driving announced that it had delivered 39,931 new cars in September, ranking first in the average transaction price in the high-end market for five consecutive months. Among them, the AITO series (a cooperative brand between Huawei and SERES) delivered a total of 35,560 new cars in September. The M9 series delivered 15,496 vehicles, ranking first in sales of models above 500,000 yuan in the Chinese luxury market for six consecutive months. The new M7 series delivered 16,805 vehicles in September, and a total of 200,000 new cars were delivered in 12 months after its launch. (IT Home)
NIO released its September smart driving operation report, with smart driving mileage exceeding 100 million kilometers again
On October 7, NIO released its September smart driving operation report. In September 2024, NIO added 20,349 smart driving users, bringing the number of NOP+ users of global navigation assistance to 348,541 and the total number of users to 598,043. At the same time, the cloud computing power of smart driving has also been significantly improved, with an additional 19.7EOPS and a total computing power of 346.2EOPS. In terms of smart driving mileage, the user's smart driving mileage in September once again exceeded the milestone of 100 million kilometers, of which the proportion of navigation assistance mileage continued to climb to 76.6%.
In addition, the high-speed pilot battery replacement function has been continuously upgraded and used 6,000 times this month, and the cumulative number of uses has reached 34,000 times. In terms of active safety, the active safety system has avoided 52,000 potential accidents this month. (Fast Technology)
The 500,000-yuan Q9 was sold out! Hongmeng Zhixing received over 22,600 orders in six days during the National Day holiday
On October 6, Hongmeng Zhixing officially released a poster showing that during the National Day holiday from October 1 to 6, the cumulative orders for all models exceeded 22,600 units. Specifically, the orders for Zhijie R7 exceeded 7,600 units, the orders for Wenjie M9 exceeded 6,200 units, and the orders for Wenjie M7 exceeded 7,000 units.
Among them, the Zhijie R7, as Hongmeng Zhixing's first coupe SUV, has been on the market since September 24. By the end of September, the total orders have exceeded 10,000 units, making it the latest best-selling model of Hongmeng Zhixing. The Wenjie M9, as the sales champion of models above 500,000 in China, has accumulated more than 140,000 orders in 9 months since its launch. As for the Wenjie new M7, it is also the sales champion of new power models from January to August this year, with more than 200,000 units delivered.
(Fast Technology)
Report card of new car-making forces: Nezha plummeted, Zeekr Leapmotor rose, and Xiaomi hit a monthly sales target of 20,000
With the end of the National Day holiday, major new car manufacturers have successively announced their delivery data for September. Overall, most brands have achieved good results in the traditional sales peak season "Golden September", but there are exceptions. For example, Nezha Auto's sales fell by 23.4% year-on-year.
In terms of the completion of the annual sales target, Leapmotor, Ideal, NIO, Zeekr, and Lantu have all completed more than half of their targets. However, it is more difficult for GAC Aion, Xpeng, Nezha, Avita, and Zhiji to achieve their annual targets. Among them, Nezha Auto has the lowest completion rate, only 28.64%, while Xpeng Auto has a completion rate of 35.2%. (CNMO)
International News
FOREIGN NEWS
Volkswagen's Spanish car unit opposes EU tariffs on Chinese electric vehicles
On October 4, Seat, a Spanish automaker under Volkswagen Group, said it strongly opposed the EU's imposition of tariffs on Chinese electric vehicles, believing that this would endanger the European auto industry. Seat issued a statement on the same day saying that compared with the more favorable tariffs granted by the EU to non-European competitors outside China, the decision to impose tariffs on Chinese electric vehicles is difficult to understand.
The statement said that the additional tariffs would "greatly damage the financial stability of the company and may threaten some jobs". In addition, the relevant decision has led to a decrease in the company's electric vehicle production, which will not help Europe achieve its emission reduction goals. The statement also stated that SEAT will continue to pay attention to changes in the situation and take all measures with Volkswagen Group to reduce adverse effects.
Oliver Blume, CEO of Volkswagen, said in an interview that the EU should consider adjusting the planned tariffs on Chinese-made electric vehicles to encourage Chinese automakers to invest in Europe. "Instead of imposing punitive tariffs, it is better to mutually recognize the value of investment. Companies that invest in Europe, create jobs and cooperate with local companies should benefit from tariffs." (Economic Observer, Phoenix Technology)
NIO and UAE's CYVN set up a joint venture to develop new models for the Middle East and North Africa
Recently, NIO and its strategic investor CYVN signed a strategic cooperation agreement, announcing that they will establish an advanced technology research and development center in Abu Dhabi, UAE, focusing on the research and development of intelligent driving and artificial intelligence technologies. On this basis, NIO will also jointly develop a new model for the local market with CYVN.
At the same time, NIO announced its official entry into the Middle East and North Africa market, and will begin delivering products in the UAE in the fourth quarter of this year and build a NIO service system in the Middle East and North Africa. This business operation will be carried out through NIO Middle East and North Africa, a joint venture jointly established by NIO and CYVN.
Li Bin, Chairman and CEO of NIO, said: "We are optimistic about the development prospects of smart electric vehicles in the Middle East and North Africa market. As an important strategic investor and partner of NIO, CYVN has abundant resources in the local area and will help NIO achieve sustained growth in the region. The cooperation between NIO and CYVN will further promote the company's globalization and technological innovation strategy and accelerate NIO's globalization process." (Yicai Global)
Stellantis sues UAW over strike threat
According to foreign media reports, automaker Stellantis sued the United Auto Workers (UAW) in a U.S. federal court, claiming that the union violated the contract between the two parties by threatening to strike because Stellantis had postponed its investment plans.
On October 3, Stellantis formally sued the UAW, asking the U.S. District Court for the Central District of California to rule that the decision of UAW Local 230 to vote on strike authorization violated the terms of the contract reached between the two parties last fall, and hoped that the UAW and the local union branch would be held responsible for any potential losses caused by the strike. UAW President Shawn Fain stated that Stellantis violated the contract and withdrew its investment commitment. However, Stellantis believes that investment always depends on market conditions, and market demand for electric vehicles has slowed down since the signing of the agreement.
Fain called Stellantis' lawsuit and the company's other moves "acts of desperation" and said the union's lawyers "have every confidence in our right to strike." In Fain's view, Stellantis CEO Carlos Tavares wants to drastically cut the company's underperforming U.S. business.
(Gasgoo)
French water company Suez takes stake in Renault Group's circular economy subsidiary
Recently, The Future Is Neutral, a circular economy subsidiary of Renault Group, and French water company Suez jointly announced that Suez will acquire a 20% stake in The Future Is Neutral. Through this transaction, The Future Is Neutral will receive a cash injection of 140 million euros from Renault and Suez.
Two years ago, Renault Group announced the establishment of The Future Is Neutral, which aims to develop Renault Group's "circular economy" business, including refurbishing used cars, remanufacturing parts and recycling recyclable materials. Last year, The Future Is Neutral's revenue exceeded 1 billion euros, and it plans to increase its revenue to 2.3 billion euros by 2030. Luca de Meo, CEO of Renault Group, said the transaction with Suez will help The Future Is Neutral accelerate and expand its business scope.
Suez will provide expertise in automotive recycling and "automotive waste management", which means collecting, producing large quantities of recyclable raw materials, sorting and material recycling. The two companies said that the large industrial scale will generate a steady stream of recycled raw materials. (Gasgoo)
Toyota adjusts its North American pure electric vehicle strategy, and the first EV factory will be delayed
According to Japanese media reports, Toyota Motor is adjusting its pure electric vehicle (EV) production plan in North America. The first EV factory in North America, which was originally scheduled to start production in 2025, is now scheduled to be postponed to the first half of 2026. In addition, Toyota will also reduce the number of EV models produced locally in North America, and some models will be exported from Japan instead.
Toyota has informed relevant parts suppliers of this change, marking the first time that the Japanese automaker has publicly announced a delay in EV production plans in North America. The production of the electric three-row SUV produced by Toyota's plant in southern Kentucky has also been delayed by several months. Toyota's total investment in the EV plant has reached US$1.3 billion. The reasons for the delay include necessary modifications to the EV design in order to improve product quality. Toyota said it will carefully consider the final production time.
According to the original plan, the new electric SUV of the Lexus brand will be produced in North America by 2030, but now it will be exported from Japan. Toyota also announced that it plans to launch 10 new electric models worldwide by 2026 and launch up to 7 EVs in the North American market in the next two years. These new models are seen as part of Toyota's "next-generation EV" strategy, and their chassis design is specially optimized for electric vehicles.
(CNMO)
Toyota and Subaru to jointly develop electric vehicles: launched in 2026, sold in Europe, America, Japan and other regions
On October 7, according to foreign media reports, Toyota Motor and Subaru will launch jointly developed electric vehicles in Japan, the United States and Europe in 2026. It is reported that Subaru's plant in Gunma Prefecture, Japan will start production around January 2026, and the monthly production capacity will be increased to 15,000 to 20,000 vehicles. With electric vehicle prices remaining high, the partners aim to reduce production costs and shorten development time by standardizing key components.
It is understood that Toyota and Subaru jointly developed a pure electric SUV in May 2022, which will be launched on the market under the names of Toyota bZ4X and Subaru Solterra respectively. In order to reduce costs, the aforementioned new electric vehicle will be an SUV that combines parts of bZ4X and other models.
(IT Home)
Researchers discover method to improve solid-state lithium battery performance, making electric vehicles safer and more efficient
On October 7, researchers at McGill University in Canada discovered a way to improve the performance of solid-state lithium batteries. According to a latest study by the McGill University research team, they have successfully solved the long-standing performance bottleneck of solid-state lithium batteries, paving the way for the development of safer and more durable electric vehicles.
The research team solved this problem by innovatively using porous ceramic membranes instead of traditional dense plates and filling them with a small amount of polymer. George Demopoulos, a professor in the Department of Materials Engineering and the leader of the research team, said: "By using a polymer-filled porous membrane, we can allow lithium ions to move freely and eliminate the interfacial impedance between the solid electrolyte and the electrode. This not only improves the performance of the battery, but also creates a stable interface for high-voltage operation, which is a key goal of the industry."
Currently, lithium-ion batteries mainly rely on liquid electrolytes, which pose safety risks. Solid-state lithium batteries aim to replace liquid components with solid materials to improve safety and efficiency. This new research provides a new way to overcome key obstacles to the commercialization of solid-state lithium batteries. "This discovery brings us closer to developing the next generation of safer and more efficient electric vehicle batteries," said Senhao Wang, the first author of the study and a doctoral graduate in the Department of Materials Engineering. (IT Home)
Tesla plans to issue $5.525 billion in bonds secured by high-quality leases
On October 7, according to foreign media reports, Tesla is currently pre-marketing a $783 million bond in the market, which is backed by the car lease contracts of high-quality borrowers. The sale is led by Societe Generale and is expected to be officially priced next week.
In March this year, Tesla issued an asset-backed security (ABS) worth $750 million with a maximum coupon rate of 5.53%. This bond sale will be Tesla's second such transaction this year, which allows Tesla to obtain liquidity without having to take on other debts that may increase the company's costs. (IT Home)
Tesla Cybertruck has had many problems. It has been recalled five times in less than a year. GEICO, the second largest auto insurance company in the United States, no longer provides coverage.
Tesla Cybertruck has been recalled five times for various problems since it was launched in 2023. On October 7, according to foreign media reports, GEICO, the second largest auto insurance company in the United States, has decided not to insure Tesla Cybertruck. The company will terminate the current Cybertruck policy and said that the truck "does not meet our underwriting guidelines."
According to reports, one of the important reasons why GEICO no longer insures Tesla Cybertruck may be that Cybertruck is one of the vehicles with the most problems on the road. Previously, a Cybertruck owner was stuck in the middle of the road by his Cybertruck four times. Tesla gave this person a brand new Cybertruck, but the second one also broke down. In the end, Elon Musk had to personally step in and instruct Tesla engineers to drill open the broken Cybertruck to get inside. Another Cybertruck owner said that Tesla still failed to solve his Cybertruck problem after eight door-to-door repairs in five months.
However, Cybertruck has other problems that may disappoint insurance companies. One Cybertruck owner said that his truck cost $13,404 to repair after a minor collision; many Cybertruck owners reported that their transparent metal glass shattered on its own after being exposed to the sun for too long; Cybertruck's 30X cold-rolled stainless steel exoskeleton may also pose a risk to other road users. Currently, Tesla service technicians are waiting for senior management to issue a Cybertruck recall and update order to solve the truck's many problems. (Bianniu Shi)
Rivian, a new US car manufacturer, delivered 10,018 vehicles in the third quarter, and the impact of supply shortages intensified
Recently, Rivian, a new American car manufacturer, released its production and delivery data for the quarter (Q3) ending September 30, 2024. The company produced 13,157 vehicles at its manufacturing plant in Illinois and delivered 10,018 vehicles during the same period.
Official announcements show that Rivian is experiencing production disruptions. The impact of this supply shortage began to appear in the third quarter of this year, has become more severe in recent weeks, and will continue. Due to the supply shortage, Rivian revised its annual production guidance target to between 47,000 and 49,000 vehicles. The company also reiterated its annual delivery outlook, which is expected to reach 50,500 to 52,000 vehicles.
The company also announced that it will release its third-quarter 2024 financial results after the market closes on November 7, 2024. According to Rivian's second-quarter 2024 financial report, the company produced a total of 9,612 vehicles and delivered 13,790 vehicles in the second quarter, a slight increase from the first quarter, and production is expected to increase in the second half of the year. (IT Home)
GM promotes L3 autonomous driving research and development: you can drive without observing the road conditions
On October 6, Dave Richardson, senior vice president of software and service engineering at General Motors, revealed in an interview with foreign media that General Motors is fully committed to the development of its Level 3 autonomous driving system, aiming to achieve an autonomous driving experience in which drivers do not have to pay attention to the road all the time under certain conditions.
Currently, most automakers' autonomous driving solutions are still limited to the L2 level, which can only achieve partial automation and require drivers to always remain alert to road conditions. In this regard, Richardson pointed out that GM's Super Cruise system, as the industry's leading L2 autonomous driving technology, has achieved a breakthrough in hands-free driving, and now the company is working to upgrade it to the L3 level, when the driver will be able to completely free his hands and sight in autonomous driving mode.
The excellent performance of the Super Cruise system is due to the precise coordination of lidar map data, high-precision GPS, cameras and radar sensors, and the assistance of the driver attention monitoring system, which ensures that it can quickly take over control when the driver is distracted. The system can autonomously adjust the speed of the vehicle to maintain a safe distance, accurately maintain lane driving, and intelligently perform actions such as changing lanes and overtaking. (Fast Technology)
Suspected of unfair competition, South Korea's online car-hailing giant was issued the highest fine in the industry's history
Kakao Mobility, a travel platform under South Korean IT giant Kakao, is the largest online ride-hailing platform in South Korea. Recently, the Korea Fair Trade Commission announced a fine of 72.4 billion won (about 380 million yuan) on Kakao Mobility, setting a record for the highest fine in the history of South Korea's domestic online ride-hailing platform industry.
The Korean Fair Trade Commission stated that Kakao Mobility used its overwhelming advantage in the taxi-hailing market to undermine the fair trade order, hinder the operation of competing companies, and benefit the development of related businesses. However, in response to the Fair Trade Commission's ruling, Kakao Mobility said it would file an administrative lawsuit. (Cailian News)
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