1. Car companies are not open to technology! Users complain that electric cars are expensive and difficult to repair, and a 4S shop costs 18,000 yuan to replace a light.

2. Great Wall Motors CEO Wei Jianjun halted the Hong Kong IPO of Momenta, saying that 24 car brands have collapsed in the past ten years and used cars have become scrap metal

3. The M9 crashed into a truck and caused casualties. It was not the fault of the smart driver, but the truck was overtaking in the wrong direction.

A used car with 47,000 kilometers and actual mileage of 210,000 kilometers received triple compensation from a car owner

5. Stellantis lays off another 1,100 employees at its Michigan auto plant in the United States, and will continue to lay off employees "indefinitely" in the future

According to media reports, SAIC Group recently held a 2024 mid-year cadre meeting. The new president Jia Jianxu said at the meeting that under the pressure of transforming from fuel vehicles to new energy vehicles, SAIC Group must achieve whole-part coordination, reduce both visible and invisible costs, and some vehicle sub-brands must use the profits from the fuel vehicle business to subsidize the losses of the electric vehicle business, seeking survival first and then development.

The report also said that at this meeting, Jia Jianxu also proposed phased work goals and ideas for each vehicle sub-brand under SAIC Group, involving business segments such as Zhiji, SAIC Passenger Vehicles, SAIC-GM-Wuling, SAIC Volkswagen, and SAIC General Motors.

The report mentioned that Jia Jianxu said: "We must learn to be a man on our knees, be low-key in life and high-profile in work. Only when you are on your knees, people don't know how tall you are. When you stand up one day, you will truly become a giant." (IT Home)

What made the car owners even more dissatisfied was that they felt unfairly treated. The two car owners who went to the store with Jiang Tao to communicate bought the car earlier than Jiang Tao, and only needed 3,000 yuan to buy it, "but later, their problems were solved." Although the other party did not disclose the specific solution, Jiang Tao speculated that they may have purchased the smart driving package for 3,000 yuan. Liu Fei, who is also the owner of Wenjie M7, has seen pictures posted by car owners who are defending their rights in the rights protection group, showing that the advanced smart driving package can be purchased for 3,000 yuan. "The car owner with the original price of 3,000 yuan was given the original price, and the car owner with the original price of 6,000 continued to require that it must be purchased for 10,000 yuan." Liu Fei believes that this practice is unfair discrimination.

On October 15, it was learned from multiple independent sources that Wei Jianjun, chairman of Great Wall Motors, recently temporarily suspended Momenta's Hong Kong IPO. Insiders believe that the mass production effect of the NOH map-less city has not met expectations, which is the fundamental reason for the suspension. In order to mass-produce the NOH map-less city, Momenta is actively recruiting. At present, Momenta has more than ten high-end positions open, with job levels above H4. People familiar with the matter said that the highest level of this recruitment can report directly to the CEO.

In response to the above news, Momenta said that the factors involved in the IPO are very complex, and the listing plans are all phased plans that need to be viewed dynamically. At the same time, Momenta judged that "it is expected that by 2025, the installation rate of high-level assisted driving will exceed 70%, and the second-generation intelligent driving products are currently being delivered."

In addition, Wei Jianjun, chairman of Great Wall Motors, pointed out in a conversation with Deng Qingxu, CEO of Sina Finance: 24 auto brands have gone bankrupt in the past decade. The challenges in the future remain severe. For consumers, it is tempting to pursue low-priced cars, but in the long run, the value of used cars will plummet to the price of scrap metal, and there will be no way to repair them, no maintenance, and it will be difficult to find parts. (Sanyan Technology, 21 Finance)

Recently, on the first day of the Paris Motor Show, Leapmotor's new model B10 made its global debut during the show. In an interview after the press conference, Leapmotor CEO Zhu Jiangming said that the domestic auto market is very competitive, and the penetration rate of new energy vehicles is growing very fast. "We believe that in three years, domestic pure fuel vehicles may no longer exist, or they may only be owned by pure car enthusiasts."

Data shows that in August this year, the retail sales of new energy passenger vehicles in my country reached 1.123 million units, a year-on-year increase of 50.9% and a month-on-month increase of 9.6%. In the domestic market, the retail penetration rate of new energy vehicles reached 53.3% in September, an increase of 16.4 percentage points compared with 36.9% in the same period last year.

Specifically at the brand level, the penetration rate of new energy vehicles of domestic brands is as high as 74.9%, which means that only 1 out of every 4 domestic cars sold is a pure fuel vehicle, and domestic pure fuel vehicles have gradually begun to be marginalized. However, the penetration rate of new energy vehicles of mainstream joint venture brands is relatively low, only 7%, which is a big gap with domestic brands. (Fast Technology)

Recently, a collision between an M9 and a large truck in the opposite lane in Wuhan City attracted the attention of netizens. The official responded later: After data analysis, the vehicle had exited the intelligent driving before the accident, and the vehicle's braking, steering and acceleration functions were normal.

A blogger gave the details of the accident, showing that "Vice President of Jiangxi Chamber of Commerce in Hubei Province, Jiacheng Wenjie M9, was involved in a car accident. It turned out that a large truck was overtaking in the opposite direction and hit him. The person in the back seat was not wearing a seat belt. The initial statement was that he was hit, but as the story spread, it became the fault of Zhijia." After the incident fermented, President Luo himself issued a clarification statement on WeChat Moments, saying that he was too sad when the accident happened and his remarks were not objective. (Fast Technology)

Domestic media reported that not long ago, Mr. Li, a new energy vehicle owner in Chengdu, found that the NFC car key could not open the car door or start the vehicle. The staff of a local auto repair shop were all dispatched but were helpless. Finally, Mr. Li contacted the vehicle manufacturer for remote handling and was able to start the vehicle. The report also mentioned that some car owners reported that there was only one maintenance center for the brand they purchased in the local area, and they had to queue up every time they went for maintenance. "Once, it took more than half a month to repair the car."

It is not only difficult to repair a car, but also expensive. A car owner in Chongqing drives a new energy SUV with a price of nearly 300,000 yuan. Recently, he spent 18,000 yuan to replace a taillight at a 4S shop. Another car owner drove an extended-range SUV of the same price and replaced the oil filter at a 4S shop, which also cost more than 1,300 yuan - this maintenance item was quoted at a chain auto repair shop for only more than 600 yuan. "If the vehicle is not repaired and maintained at the manufacturer's 4S shop during the warranty period, it will be 'out of warranty'. So I can only accept this high price." said the car owner.

It is understood that outside the after-sales service system of new energy vehicle manufacturers, traditional auto repair shops scattered across the streets and alleys are generally unable to repair new energy vehicles. Industry insiders pointed out that the high cost of repairing new energy vehicles is related to the fact that the proportion of new energy vehicles in the market is still relatively small and there are few spare parts circulating in the market; on the other hand, there are few new energy vehicle repair shops with repair capabilities in the market, and there is insufficient competition. (Fast Technology)

Recently, the Jinshan District People's Court of Shanghai heard a sales contract dispute caused by the failure of a used car business entity to disclose important information about the vehicle. It is reported that in November 2021, Mr. Zhang spent 18,000 yuan to buy a used car from a Shanghai auto trade company. When it was delivered, the odometer of the car showed a mileage of more than 70,000 kilometers. Within half a month after delivery, the car had various faults, and the auto trade company denied that the odometer had been adjusted. In January 2022, the car had a traffic accident due to a driving fault. Mr. Zhang commissioned a professional organization to conduct an appraisal and found that the actual mileage of the car was 215,528 kilometers. The appraisal opinion was that the odometer was adjusted.

Mr. Zhang believed that the car trader deliberately deceived the mileage of the used car and should compensate for the loss at three times the purchase price. After trial, the court held that according to the appraisal opinion, the mileage of the car was obviously unreasonable, and a Shanghai car trader did not disclose important information about the vehicle to consumers, which led Mr. Zhang to have a wrong understanding and thus signed a sales contract to purchase the vehicle involved in the case. Therefore, its behavior constituted fraud.

Since the vehicle involved in the case has been damaged and cannot be returned, the Jinshan District People's Court made a first-instance judgment that Mr. Zhang only asked the defendant to compensate for the loss of three times the price of 54,000 yuan, which was approved. The second-instance judgment upheld the original judgment. The court said: The transaction of used cars has a strong information asymmetry. As a used car operator, you should pay special attention to the basic performance, mileage and other information of the vehicle, and you also have the obligation and ability to understand this information. (Fast Technology)

A few days ago, a blogger broke the news that the integrated electro-hydraulic pump active suspension installed on the NIO ET9 might be stranded because the active force could not be increased and the leakage was still unresolved. In response, Wang Yufei, head of the NIO chassis new technology team, said that the development of the ET9's active suspension is currently going well; the final function polishing is in progress, and everyone will be able to experience it soon. Please do not believe in rumors or spread them.

According to NIO's official introduction, NIO ET9, as NIO's new flagship model, adopts SkyRide fully-wired intelligent chassis, which is the world's only fully-wired intelligent chassis system. It integrates three core hardware systems: wire-controlled steering, rear-wheel steering and fully active suspension for the first time. Each shock absorber is highly integrated with an independent electric hydraulic pump, which can complete information processing, calculation and response within 1 millisecond, and the body adjustment speed can reach 60 times that of air springs. The suspension supports large-scale height adjustment, 1,000 torque adjustments per second, and four-wheel independent control, which can be smooth on complex road conditions.

To this end, NIO also conducted a champagne tower test on the ET9, stacking up three layers of champagne glasses filled with champagne into a "champagne tower" and placing it on the front of the ET9, and then passing through a continuously undulating road surface. As a result, the champagne glasses on the front of the car were in a very stable position, not only did they not fall, but the champagne in the glasses did not spill out. On the undulating road surface, only the wheels of the ET9 jumped up and down, and the body of the car remained stable. (Fast Technology)

On October 15, Chairman Chu revealed in a video that the owner of the leaking Maybach had rejected his offer to buy it at the original price, and said that he would respect the owner's decision. At the same time, he also said that if the owner needed help in other aspects, he would do his best to provide support and speak for justice and positive energy.

Talking about the original intention of recycling vehicles, President Chu said that he thought that leak detection was not complicated, but ordinary users might not know much about cars. As a professional with many years of experience, he hoped to dismantle the vehicles after recycling them to find the problems and negotiate with the car manufacturers or stores, which was reasonable and well-founded.

Chairman Chu clarified the question of some netizens that he was recycling vehicles to make money by offering a "refund one and compensate three". He said that if the vehicle only had a water leakage problem, it would not constitute fraud and therefore would not meet the "refund one and compensate three" conditions. At the same time, this problem was not within the scope of the "three guarantees", so normal requests for replacement or return of the vehicle would not be established.

In addition, Chairman Chu also emphasized that Maybach is a distinguished brand, and its 4S stores should provide corresponding high-quality services. He believes that when a vehicle has a problem, the 4S store should check and solve it as soon as possible, and even if it does not comply with the car company's procedures, it should give consumers reasonable financial compensation. He pointed out that problems that occurred shortly after the car was picked up caused a lot of trouble for the car owner, so the 4S store should stand from the perspective of the consumer and actively solve the problem, even if it needs to pay out of pocket. (CNMO)

BYD Executive Vice President Li Ke said at the Paris Motor Show on October 14 local time that the tariffs that the EU plans to impose on Chinese electric vehicles will lead to higher car prices and discourage buyers. Li Ke mentioned: "The European electric vehicle market needs more positive education. The problem is the high price, and the EU is now imposing tariffs. Who will pay for it? Consumers. Therefore, this makes people very worried that this will prevent poor people from buying."

On October 4, local time, the European Union voted on whether to impose anti-subsidy duties on Chinese electric vehicles for a period of five years. A statement released by the European Commission showed that the European Commission's proposal to impose tariffs on Chinese imported pure electric vehicles received the necessary support from EU member states. On the same day, Geely Holding Group expressed its great disappointment with the European Commission's decision. The decision to impose anti-subsidy duties is not constructive and will hinder the economic and trade relations between the EU and China, and ultimately harm the interests of European companies and consumers. (IT Home)

On October 14, Suzhou Intelligent Connected Vehicle "Vehicle-Road-Cloud Integration" Application Pilot Promotion Conference and the 6th Global Intelligent Driving Conference were held, and Cao Cao Travel CEO Gong Xin delivered a keynote speech. In his speech, Gong Xin revealed Cao Cao Travel's Robotaxi strategic plan for the next five years: to launch a fully customized Robotaxi model within two years; to build an automated operation system covering all scenarios, the application will be launched in 2025 and officially opened in 2026.

Cao Cao Travel was founded in 2015 and is incubated by Geely Holding Group. It is headquartered in Suzhou. In 2023, Cao Cao Travel's revenue was 10.7 billion yuan, a year-on-year increase of 39.8%, and its gross profit margin increased to 5.8%. In the fourth quarter of 2023, Cao Cao Travel achieved an adjusted EBITDA rate of 5.0%.

According to previous reports, Caocao Travel has launched the brand's first models - Caocao 60 and 60Pro, priced at 119,800 yuan and 139,800 yuan respectively. As of December 31, 2023, Caocao Travel has deployed 31,000 customized vehicles in 24 cities across the country. According to Frost & Sullivan, this is the largest customized vehicle fleet in China. (IT Home)

According to the confirmation of Zeekr Auto executives, Zeekr's new pure electric MPV model Zeekr MIX will be released this month, and many media have recently conducted tests. Among them, the car blogger "YYP Yan Yupeng" gave a very high evaluation after experiencing it. He said: Today I took a long car review of "Baby Bus" Zeekr MIX, and the interior and dynamics are not allowed to be posted. I sighed: Looking at the entire automotive industry, this car is a top innovation, and in China, where innovation is not generally worshipped, its launch is even more precious and even incredible.

The car is built on the Haohan-M architecture and is also the first model under this architecture. It is equipped with through-type electric double doors with an opening width of 1,480mm, the largest in the world. It also adopts a hidden B-pillar design, which is composed of a 2000 MPa ultra-high-strength steel column with a diameter of 70mm. It uses hot air expansion one-piece molding technology and has no gaps from the inside to the outside.

At the same time, Zeekr MIX is also the world's first mass-produced car that supports the rotation of the driver and front passenger seats. The front seats can be rotated 180 degrees with one button, and can support a maximum of 270 degrees of electric rotation (disabled during driving). They can be folded with one button, and the front and rear seats share a slide rail. The front row sliding travel can reach 800mm, and the rear row is 490mm, which allows for flexible layout of the interior space. The height of the cabin floor from the ground is 390mm, and the cabin space is the largest in its class, reaching 6.3 square meters. (Fast Technology)

According to foreign media reports, at the Paris Motor Show, which just opened, Chinese automakers said they are not seeking to "disrupt" established European automakers with cheaper electric vehicles. This statement by Chinese automakers is intended to ease the concerns of European competitors about their aggressive international expansion.

In the face of additional tariffs imposed by the European Union and the warning of "Chinese car companies invading Europe" issued by Carlos Tavares, CEO of Stellantis, Chinese automakers reiterated their long-term commitment to the European market. "Xpeng is a 10-year-old company. We will not disrupt companies that have been around for more than 100 years," said Gu Hongdi, co-president of Xpeng. Xpeng showed an electric sedan equipped with highly advanced artificial intelligence technology at the Paris Motor Show.

Gu added that Xpeng wants to position itself as a supplier of "high-end electric vehicles" in Europe. Although Xpeng may also consider launching more affordable and compact models, he said: "We don't want to compete on price, this is not our goal." He also revealed that Xpeng is "willing to cooperate more with Volkswagen" after reaching an agreement with the German automaker to develop two electric vehicles this year.

GAC Group, which is also currently entering the European market, adopted a similar soothing tone when talking about the economic benefits of entering the European market and emphasized that the company may eventually cooperate with European suppliers. "When we enter the European market, we come with a cooperative attitude. We hope to cooperate with partners in the industrial chain and meet the needs of European consumers at the same time." Feng Xingya, general manager of GAC Group, said. (Phoenix Network Technology)

Recently, the patent for "Vehicle chassis lighting system and control method thereof and vehicle" applied by Xiaomi Automobile Technology Co., Ltd. was published. The patent describes a design scheme including a chassis trim with a receiving slot for installing an ambient light assembly. These ambient light assemblies consist of a light strip and a control device, in which the light strip is placed in the receiving slot, which can effectively reduce the damage that may be caused to the light strip when the vehicle is driving, such as avoiding unnecessary contact or scratches between the light strip and the ground or other obstacles.

The control device is the core part of the system. It can receive various command information and determine the working parameters of the light strip, such as brightness, color change, etc. This means that users can easily adjust the lighting effects and create different atmospheres through the control device according to their personal preferences or the needs of specific occasions.

On June 28 this year, Xiaomi launched a smart chassis atmosphere light product for its SU7 model in its official APP store, priced at 999 yuan. It supports Xiaomi Pengpai Zhilian technology, allowing linkage with other lights outside the car, and providing delayed lighting function when the owner leaves the vehicle. In addition, this smart chassis atmosphere light also supports subsequent OTA online upgrade services. (CNMO)

On October 14, the 2024 Changzhou New Energy Vehicle Global Partner Conference and the Ideal Auto Million Vehicle Rolling Offline Event were held at the Ideal Auto Changzhou Intelligent Manufacturing Base (hereinafter referred to as the Changzhou Base), and the one millionth Ideal mass-produced car (Ideal L9) officially rolled off the assembly line. It took 58 months to reach the milestone of one million vehicles. Ideal Auto is the first new force automaker in China to achieve this achievement, setting a record for the fastest Chinese luxury car to reach one million vehicles. It is also the only Chinese luxury car brand with an average price of more than 300,000 yuan and a scale of one million.

According to the data, the cumulative delivery volume of Ideal ONE, the first product of Ideal, exceeded 210,000 units; the cumulative delivery volume of Ideal L9, the six-seat flagship SUV for families, exceeded 210,000 units; the cumulative delivery volume of Ideal L8, the six-seat luxury SUV for families, exceeded 180,000 units; and the cumulative delivery volume of Ideal L7, the five-seat flagship SUV for families, exceeded 220,000 units. Since its launch in April this year, the cumulative delivery volume of Ideal L6, the five-seat luxury SUV for families, has exceeded 110,000 units, setting a record for the fastest delivery among new forces.

In September this year, Ideal Auto delivered 53,000 vehicles, setting a new record. Its domestic sales volume surpassed luxury brands Mercedes-Benz, BMW and Audi for the first time, becoming the sales champion of luxury brands in the Chinese market. (Fast Technology)

Recently, China Automotive Industry Research Institute released the ranking of automakers' retail sales from January to September 2024. The data shows that the Chinese auto market performed well during this period, and major automakers have delivered impressive results. In particular, Chinese brands account for four of the top five. (CNMO)

Alibaba Group and Baidu are among the companies set to become cornerstone investors in Horizon Robotics Inc.'s initial public offering in Hong Kong, people familiar with the matter said. Horizon Robotics Inc., a Chinese supplier of software and hardware for self-driving systems, has passed the Hong Kong Stock Exchange's listing hearing.

According to people familiar with the matter, Horizon Robotics will seek to raise up to $800 million in the IPO, which is expected to be one of the largest listings in Hong Kong this year. Horizon Robotics' target valuation before IPO financing is as high as $6 billion. The company has many well-known investors, including BYD and CATL.

People familiar with the matter said that Horizon began evaluating investors' interest in its IPO on October 11 this year and will start accepting subscription orders from Wednesday. As the relevant discussions are still ongoing, details such as the size of Horizon's IPO may change. As of press time, Horizon's representatives declined to comment. Alibaba, Baidu, CMA CGM and the Ningbo government have not yet commented on this. (Phoenix Network Technology)

On October 15, the European auto giant Stellantis Group, the parent company of Chrysler, Dodge, and Jeep, announced that it would lay off 1,100 employees at its Warren Truck Assembly Plant in Michigan, USA. Stellantis officials said that the layoffs at the Warren plant were first announced in August and will begin this Saturday local time. A spokesperson said in an email that the company is facing declining sales and Stellantis "will lay off employees indefinitely across its business." The company would not comment on how many more workers will lose their jobs.

The layoffs are expected to have a ripple effect on Stellantis' U.S. workforce, which includes about 52,000 employees. Some production workers at the Warren plant, especially those with higher seniority, may be reassigned to other plants, potentially replacing recently hired employees at other plants.

In addition, Stellantis will lay off 500 employees at its light commercial vehicle plant in Gliwice, Poland (switching from three shifts to two shifts) to adapt to the difficult market situation "exacerbated" by the EU's vigorous transition to electric vehicles. (IT Home)

According to foreign media reports, British Business and Trade Secretary Jonathan Reynolds said on Monday (14th) during the International Investment Summit organized by the Labour government that the UK does not intend to follow the EU in imposing tariffs on electric vehicles imported from China because British companies have not yet filed relevant complaints and asked the UK to investigate. In addition, he also said that contact is a good thing and the UK "needs more contact with China."

According to foreign media reports, on October 13, US Republican presidential candidate Donald Trump said in an interview with Fox News that if he is successfully elected, he may impose tariffs of more than 200% on vehicles imported from Mexico, an increase from the previous 200%.

Trump said: "I may impose tariffs of more than 200% or even 500%. I don't care how much it is, but the tax rate I set will definitely make it impossible for cars imported from Mexico to be sold in the United States. I don't want these imported vehicles to damage the interests of American automakers."

Trump added: "200% is just a rough number. What I want to express is that I will not allow imported cars from Mexico. Mexico will not be able to sell cars to the United States because I will not let some (Chinese) automakers build factories in Mexico and sell millions of cars to the United States, further destroying the Detroit auto industry." (Gasgoo)

According to foreign media reports, on October 14, Stellantis CEO Carlos Tavares said that the EU's imposition of tariffs on Chinese-made electric vehicles will accelerate the closure of European automakers' factories because EU tariffs will drive Chinese automakers to build factories in Europe, thereby exacerbating the problem of overcapacity in European factories.

Tavares said at the 2024 Paris Motor Show that tariffs are a "good communication tool" but they also have side effects. He added: "EU tariffs have exacerbated the overcapacity problem in the European manufacturing system. The way Chinese automakers circumvent tariffs is to build factories in Europe, which may accelerate the closure of European factories."

In an interview with Italian media, Tang Weishi said that BYD is building its first European car assembly plant in Hungary. At the same time, Tang Weishi said that Chinese automakers will not build factories in Germany, France or Italy because they will face cost disadvantages in these countries with higher costs such as energy. Tang Weishi also said that Italy's energy costs are too high, twice the energy costs of Stellantis' Spanish production facilities. "This is a huge disadvantage for the Italian automotive industry." However, Italy has previously stated that it is negotiating with Chinese automakers on possible manufacturing investments. (Gasgoo)

According to foreign media reports, on October 14, a senior EU official said that the EU's negotiations with China on the minimum import price of Chinese-made electric vehicles to avoid the EU imposing tariffs on Chinese-made electric vehicles is a "daunting challenge" because cars are complex products and the quotations must be reasonable and enforceable. The official said: "I do not rule out the possibility of China and the EU reaching an agreement, but it seems very difficult to reach an agreement by the end of October because the issues (to be resolved) are very complex and difficult."

The official believes that the China-EU negotiations may take longer because (minimum) import price commitments have so far only applied to homogeneous goods, not to complex products like cars with many different sales channels. At present, the European Commission has received the lowest offer from the Chinese Chamber of Commerce (covering several electric vehicle manufacturers) and many different individual exporters.

On October 12, China urged the European Union not to negotiate separately with individual exporters on the price of Chinese-made electric vehicles sold in the EU, warning that this would "shake the foundation" of bilateral tariff negotiations. The EU official said it would be "abnormal" to focus on only one price commitment without considering other commitments.

In fact, the European Commission is obliged to review all offers. The EU may accept price commitments from certain individual exporters while continuing to impose tariffs on other companies. The official said that a single price would not work because of the different models. In fact, the minimum prices of different automakers may be different depending on the sales value and subsidies received. (Gasgoo)

On October 15, South Korea's LG Energy Solution announced that it had signed two battery supply contracts with Ford Motor Company, but did not disclose the transaction value. According to the contract, LG Energy Solution will provide Ford with a total of 109 GWh of power batteries for its electric commercial vehicles starting in 2026, with a contract period of 4 to 6 years.

The companies also said batteries for the current Ford Mustang Mach-E will be produced at LG Energy Solution's Michigan plant in 2025 to improve business efficiency and better take advantage of competitive market conditions such as IRA tax credits.

It is reported that according to the Inflation Reduction Act (IRA) and the draft rules, the US government will provide a certain amount of tax credits to manufacturers of specific photovoltaic modules, wind power modules, inverters, and qualified battery modules and key minerals and other related products in the United States to stimulate and encourage the localization of related products. (IT Home)

Recently, many well-known European automobile manufacturers have lowered their profit expectations. Many automobile companies including Stellantis, Aston Martin, Volkswagen, BMW, and Mercedes-Benz have announced news about adjusting their profit expectations.

It is reported that the downward adjustment of these car companies' profit expectations is closely related to the upcoming new EU emission regulations. According to the new regulations, if the average emissions of new cars launched by car companies exceed the prescribed limits, they will face high fines for excessive emissions. In order to cope with this new regulation, car companies have to increase their investment in electrification technology and clean energy, which undoubtedly increases their R&D and production costs.

In addition, the slowdown in the global auto market is also one of the important factors that led these automakers to lower their profit expectations. Affected by multiple factors such as the global economic situation and geopolitics, consumer demand for cars has weakened and market competition has become increasingly fierce. In order to seize market share, automakers have to increase their promotion efforts, which has also had a significant impact on their profitability. (Global Network Finance)

According to the latest data from Cox Automotive, Tesla Cybertruck became the third best-selling electric vehicle in the US market in the third quarter of 2024. Specifically, Cybertruck is second only to Tesla's two star models, the Model Y crossover and the Model 3 sedan, in terms of sales. These two models ranked first and second in the US electric vehicle sales list in the third quarter, respectively.

It is worth noting that Cybertruck offers a variety of options in terms of price and configuration, with a starting price of about $39,900 and a top-end version of $99,990. It is equipped with an Ultra-Hard 30X stainless steel body, intelligent adaptive air suspension, a range of up to 547 kilometers (some versions can reach 705+ kilometers) and advanced entertainment and safety systems, integrating technology and performance to meet the needs of different consumers. (Global Network)

On October 15, Tesla officially released its third quarter safety report for 2024. The report shows that Tesla vehicles with the Autopilot automatic assisted driving function turned on have excellent driving safety, which is 10.5 times safer than ordinary vehicles. Tesla officials also emphasized that this performance has been maintained for 9 consecutive months.

According to the report data, in the United States, an average of 1.08 million kilometers of normal driving will cause one traffic accident. However, for Tesla vehicles with the Autopilot automatic assisted driving function turned on, this data is greatly improved. On average, these vehicles will have one traffic accident after driving about 11.39 million kilometers, and their driving safety is significantly better than that of ordinary vehicles. (CNMO)