A few days ago, Xpeng Motors CEO He Xiaopeng publicly stated in an interview that "Ninety-nine percent of AEB of Friends (Friends) are fake.",this burst point of view instantly attracted the attention of the network.

Subsequently, Yu Chengdong countered He Xiaopeng’s AEB argument in the circle of friends:Experience it quickly, even what AEB is, even the top leaders of car companies have not understood it at all.

Wen Jie and Tucki are both in the first echelon in the field of intelligent driving, and this fight has attracted a large number of people who eat melons. So what exactly is the AEB that Yu Chengdong and He Xiaopeng are arguing about? Let’s talk about it today.

When I watched this video for the first time, I was really worried. I didn’t see an old man until the car stopped. With the Aouita 11, there are more and more cases of automatic obstacle avoidance and extreme car rescue.

1. He Xiaopeng: It is said that 99% of AEB is fake.

Recently, in an exclusive conversation with "No.42 Garage", He Xiaopeng released a lot of materials and made a rather sharp comment on the technology of friends and businessmen.

After the launch of the new M7 in Wenjie, it was completely destroyed, with a large quantity exceeding 80,000 units. The AEB active safety promoted by Yu Chengdong has become the main reason for many people to buy it. You know, it can stop at 90km/h, and there is only one at present, but in He Xiaopeng’s view,This is actually a fraud.

In his reply, he said: first, most people may never touch AEB；;Second, friends talked about AEB. I think 99% of it is fake. It is fake. None of the publicity was officially released by the company. It was all from small videos.

At the same time, it added: our people also asked, its AEB can’t be opened at all, and there are too many cases of wrong braking on the road.

Answering "its propaganda effect is greater than its actual use effect?" , He Xiaopeng said:

At present, when talking about AEB in the industry, we mainly talk about vertical AEB; When it is triggered, its speed should be within 60 kilometers per hour in most cases.If the speed is too high, once you brake by mistake, it will be a great shock to users, which is simply unacceptable.

He Xiaopeng added: I don’t think it’s right to treat customers as guinea pigs. Some enterprises dare to do this, but they will also bite back. I have worked in the automobile industry for several years, but I don’t want to do this, but we will definitely do a better job in AEB.

2. Yu Chengdong retorted that the top leaders of car companies don’t understand AEB.

This view has attracted the attention of Yu Chengdong, the chairman of Huawei Zhixuan Car. After all, the other party named it as fraud, so Yu Chengdong refuted it in the circle of friends, saying"The top leaders of car companies don’t understand AEB".

This is not enough. Yu Chengdong continued to write in the comment area of his circle of friends:

Some people don’t understand what AEB is at all, and tell some people that intelligent driving is nonsense/flicker, almost exactly the same!

Lack of basic understanding of industry technology development and future development!

Some car companies are busy doing intelligent driving all day, and the results of AEB active safety test are very poor. When asked, they know that they have not even done the basic functions of AEB.This surprised me very much! Either let the men fool, or lack the most basic understanding of the development of the automobile industry!

There is no doubt that Yu Chengdong’s response is full of gunpowder, but in combination with He Xiaopeng’s previous remarks, it is indeed time to stand up and say, after all, the more clear the argument is.

3. What is AEB?

So what the hell is AEB?

According to public information,AEB(Autonomous Emergency Braking) is an automatic emergency braking system for automobiles.The distance from the vehicle or obstacle in front is detected by radar, and analyzed by electronic control unit. According to different distances and speeds, whether there is a danger of collision is judged, an alarm is given to the driver, and automatic emergency braking or vehicle deceleration is performed to the maximum extent, so as to reduce the probability of collision with the vehicle or pedestrian in front and avoid accidents.

Simply put, it is to take the initiative to help you step on the brakes to avoid hitting people or other objects.

As one of the active safety functions, AEB has increasingly become the standard of many new cars. At present, the relatively advanced AEB score in the industry is 60 km/h.. That is, when driving at a speed of 60km/h, AEB can take the initiative to stop the car before it hits the object when it detects a stationary object in front.

Yu Chengdong promoted that the AEB active safety of its own Huawei ADS 2.0 advanced intelligent driving can reach 90km/h braking, which is "far ahead".It can effectively avoid most traffic accidents caused by inattention and complex road conditions.

4, use it once to return to the book! Huawei AEB successfully avoided hitting the elderly.

Huawei’s ADS 2.0 advanced smart driver does have related cases, not the M7, but another Aouita 11.

Recently, Aouita CEO Tan Benhong shared a very thrilling case. The owner drives a Aouita 11 on the national highway. Because there are few vehicles, the speed is not slow, and the light on the road is not good.

All of a sudden, this Aouita 11 suddenly started to brake, and gave a thumping sound until the brake stopped.The driver found that an old man dressed in black wanted to cross the road. If the vehicle did not automatically identify and brake urgently, the consequences would be unimaginable.

When the Aouita 11 brake stopped, a Volvo S90 came near the driveway. The driver on it also noticed that the situation was wrong, and the brake light was always on. Then the old man retreated to the road and the two cars drove away.

Tan Benhong said:

When I watched this video for the first time, I was really worried. I didn’t see an old man until the car stopped. With the Aouita 11, there are more and more cases of automatic obstacle avoidance and extreme car rescue.

In fact, there are many feelings. On the one hand, it has strengthened our determination to do intelligent driving.Help everyone step on the brakes and take a direction in the extreme situation of being invisible and too late to improve the safety of travel;

On the other hand, I still want to remind you that the current intelligent driving is only an aid, not a real automatic driving. You should concentrate and be ready to take over at any time.

5, the end

From this point of view, the AEB function is indeed very practical in safe driving, and it can even be said that "use it once to return to the book." After all, if you really succeed in avoiding hitting people, the loss saved may be hundreds of thousands or even hundreds of thousands.

Although there are differences in their understanding of AEB, it is undeniable that AEB has become an indispensable part of intelligent driving in the future.

Yu Chengdong and He Xiaopeng’s "pinching each other from a distance" is actually a microcosm of the increasingly fierce competition in the automobile industry in recent years, especially in the research and development of new energy and intelligent driving. Whoever comes up with really good products can survive under the cruel competition.

Original Sharla Cheung titanium media

Titanium Media TMTPost.com

| Science and technology lead the new economy |

Do you think the market value of Xpeng Motors will be super ideal?

Sharla Cheung, editor of Titanium Media

Following Weilai and Ideality, Xpeng Motors, a new car-making enterprise in China, also successfully listed in the US stock market.

On the evening of August 27th, Beijing time, Xpeng Motors was officially listed on the NYSE, with the stock code "XPEV". The opening price was $23.1 /ADS, up 56% from the issue price. At the close, Xpeng Motors’s share price closed at $21.22, up 41.47% from the issue price, with a total market value of $15.59 billion.

The issue price is superb and ideal.

The IPO price of Xpeng Motors was $15 /ADS, and a total of 99.73 million American Depositary Shares (ADSs) were issued, with a pre-market value of $11.021 billion.

It is worth noting that Xpeng Motors originally planned to issue 85 million shares of ADS, and the corresponding financing scale was US$ 1.28 billion. However, due to the higher-than-expected market demand, the issuance scale was increased to about 99.73 million shares, which means that the total amount of funds raised by Xpeng Motors this time is about US$ 1.5 billion.

At the end of last month, the issue price of LI, which landed on Nasdaq, was $11.5 per share, and the total amount of funds raised was $1.1 billion. On the day of listing, the pre-market value was $9.724 billion. Weilai listed in the US in 2018 at an issue price of US$ 6.26 per share, raising a total of US$ 1 billion, and its pre-market value on the day of listing was US$ 6.4 billion.

Comparatively speaking, Xpeng Motors’s listing price, pre-market value and fund-raising scale all exceed Weilaihe’s ideal of listing in the United States. This means that the head enterprises, a new force in car manufacturing, are still valued by the capital market, and the pure electric mid-to high-end market has been cultivated and matured by Tesla model3 and Weilai ES6. Compared with Weilai’s listing in that year, Tucki and Ideality are just in time to go public.

According to the prospectus, Xpeng Motors has completed 10 rounds of financing since its establishment. The latest financing was the C+ and C++ rounds in July and August this year, which raised 900 million US dollars. The investors included Alibaba, Aspex, Coatue, Gaoyou Capital and Sequoia China, and the post-investment valuation was 8 billion US dollars. In November last year, Xpeng Motors raised $400 million in Series C and introduced the strategic investment Xiaomi Group. By the end of the second quarter of 2020, Xpeng Motors had cash assets of 2.12 billion RMB, and its cash reserves were better than those of Weilai Automobile and LI before IPO.

At present, there are Internet giants behind the three new car-making companies, which have formed a pattern of "Weilai+Tencent, Ideality+Meituan, Tucki+Ali".

By August 28th, Weilai’s market value had reached US$ 23.5 billion, and its ideal market value was US$ 16.2 billion. From the market value, Xpeng Motors was closer to the ideal, and even exceeded the ideal on the first day of listing, but there was still a certain gap between them.

The strength of the three companies should not be underestimated, but from the product point of view alone, Xpeng Motors currently has two models G3 and P7 on sale, and plans to launch the third pure electric car before the end of next year; Weilai has three products, ideally only ONE Li ONE, and no new models will be launched within three years.

In addition, Tucki and Weilai take the route of pure electric technology, and the ideal is extended-range hybrid, and pure electric products will be launched later, but compared with Xiaopeng and Weilai, the ideal is a big step behind in pure electric.

The net loss in the first half of the year was 775 million.

Like Weilai and Ideality, Tucki has been in a state of loss.

According to the prospectus, in 2018, Xpeng Motors’s revenue was 9.7 million yuan and its net loss was 1.399 billion yuan; In 2019, it achieved a revenue of 2.321 billion yuan and a net loss of 3.692 billion yuan; In the first half of this year, Xpeng Motors’s revenue was 1.003 billion yuan, down 18.52% year-on-year (1.231 billion yuan in the first half of 2019), with a gross profit of-36.116 million yuan and a net loss of 796 million yuan. The gross profit margin narrowed sharply to-3.6% year-on-year (-38.23% in the same period of 2019).

In this regard, Xpeng Motors explained in the prospectus that the reason why the company experienced a year-on-year decline in revenue in the first half of the year was mainly due to the fact that most of the orders delivered in the first quarter of 2019 were accumulated in 2018, resulting in high revenue in the quarter; At the same time, due to the impact of the COVID-19 epidemic in the first quarter of this year, the speed of vehicle delivery decreased, which affected the income in the first half of this year.

It is worth noting that as of July 31st, Tucki G3 has delivered 18,741 vehicles, and Tucki P7, which started delivery in May this year, has delivered 1,966 vehicles, with a cumulative delivery volume of 20,707 vehicles.

From January to July this year, Xpeng Motors delivered 7,950 vehicles, Weilai delivered 17,702 vehicles and LI delivered 12,182 vehicles. Tesla Model 3 delivered 11,014 vehicles in July alone, ranking first in the sales of new energy vehicles in China.

As a car company whose main source of income is car sales, the decline in sales directly affects its income. With the current sales performance in Xpeng Motors, after IPO, it will face greater sales pressure.

Xpeng Motors predicted that the cost of batteries would drop significantly in the next 2-3 years. At the same time, by expanding vehicle types and production scale, sharing multi-platform effect, supplier collaboration, etc., we can also reduce costs and increase efficiency.

Although it continues to lose money, Xpeng Motors continues to invest in R&D. In 2018, 2019 and the first half of 2020, Xpeng Motors’s R&D expenditure reached 1.051 billion yuan, 2.07 billion yuan and 630 million yuan respectively, accounting for 89.2% and 62.9% of the total revenue in 2019 and the first half of 2020. Up to now, the accumulated R&D investment is 3.752 billion yuan, cumulatively.

Emphasize self-research ability

Xpeng Motors said that the proceeds from this IPO will be used for R&D and expansion of sales channels, and the remaining funds will be used for general corporate purposes.

In the prospectus, Xpeng Motors said that it has designed and developed its own software, core hardware and data technology, and it is the first new force car enterprise in China to independently develop and commercialize autopilot software (hardware is based on Xavier of NVIDIA, which supports L3 autopilot).

Xpeng Motors repeatedly emphasized self-research in the prospectus, including autonomous driving, intelligent operating system, internal powertrain and electronic and electrical architecture, and disclosed his own proprietary algorithms, including localization and high-precision map fusion; Camera-based perception and multi-sensor fusion; Behavior planning, motion planning and control.

In order to further prove its self-research ability, Xpeng Motors also disclosed a lot of key information, such as the use of ADAS: the adaptive cruise control function has accumulated 25.1 million kilometers of driving, and the lane centering control function has accumulated 11.1 million kilometers of driving.

Tucki also revealed some functions that the latest XPilot 3.0 will realize, and plans to launch the "navigation guided pilot" which can be used on expressways early next year, namely NGP, which can realize the functions of automatically changing lanes, overtaking other vehicles, recognizing traffic signs and adjusting speed.

In addition to software, Xpeng Motors has also achieved autonomy at the core hardware level. In the most critical three-electric system of electric vehicles, except for battery core procurement, battery management system (BMS) and battery pack are all independently developed by Xpeng Motors. And has completed the dual product line layout of SUV and car, becoming the only smart car company in China that has mastered the whole industry from design, research and development to manufacturing.

Risks after IPO

Although in terms of software, the new domestic car-making forces have certain competitive advantages. But compared with Tesla, there is still a certain gap. As to whether Xpeng Motors’s share price is inflated, an insider told the titanium media, "Let the bullets fly for a while. As a bulk product, automobiles ultimately depend on product strength. If the sales volume can continue to grow, the capital market will continue to be optimistic. If it is a bubble, it will burst sooner or later. "

Listing is a double-edged sword, with advantages and disadvantages. Building a car is a process of heavy assets and long-term investment, and it is difficult to make a profit in the short term. For the new forces of building a car, listing is not only a manifestation of fulfilling their promises to investors, but also a way to attract other capital. At the same time, talents will also flow to the head enterprises in large numbers, thus ensuring that there is enough "ammunition" to go forward and fight.

At the current time node, the market prospect of new energy vehicles has been clearly visible. Behind the new forces competing to go public, they are more looking for opportunities to survive. Xpeng Motors’s choice of IPO is also a key step.

However, listing will also bring risks, and some of its own problems will be exposed in the capital market without any cover. For Xpeng Motors, a large amount of R&D investment will follow, and if the sales volume cannot be greatly increased, the loss will be enlarged.

Coupled with the limited number of models on the market and the charging services such as software ordering, there is also great uncertainty whether it can meet the expectations of users.

In addition, some core technologies, such as batteries and semiconductors, are dependent on suppliers, and the charging service is mainly dependent on third-party cooperation, with risks such as cooperation renewal and quality control, and the new Zhaoqing factory has operational risks, which will bring many uncertainties to the subsequent development of Xpeng Motors.

For Xpeng Motors, listing in the United States is just the beginning, and there will be many challenges in the future. How to continuously improve the product strength and become a real breaker in the new energy vehicle market is the key.

(This article is the first titanium media, author/Sharla Cheung)

Original title: "Xpeng Motors IPO with a market value of $15 billion, and its share price rose by 41% on the first day"

Read the original text

　　Beijing, China, November 19 (Xinhua) According to Voice of China’s Global Chinese Broadcasting Network, on the morning of November 16, a tourist was playing on Caohai levee in Kunming, Yunnan Province. When feeding food to the red-billed gull, he caught a red-billed gull with his hand and took pictures. Subsequently, the tourist’s behavior was stopped by security guards patrolling the levee and called the police. According to the relevant regulations, the Forest Public Security Bureau decided to impose a fine of 625 yuan on this tourist’s behavior.

　　Going out to play and enjoying the beautiful scenery of nature is a good way to relax. Animals are a part of nature, and how to live in harmony with them is still a lesson that many people need to learn. However, some netizens questioned why the scenic spot did not set up warning signs or notices to clearly remind tourists not to catch gulls and take pictures. Then, are there any regulations in foreign countries that prohibit animals from grabbing in a certain area or city? What kind of punishment do you face if you break the rules?

　　Singapore: Paying attention to the survival of animal populations, residents are strictly forbidden to feed wild animals.

　　Singapore has a reputation as a "garden city". Let alone animals, where every flower and grass is extremely protected. Sun Muning, a correspondent of China Radio International in Singapore, said that as early as 1992, Singapore passed and improved the Animal and Bird Law, which made detailed provisions on the protection of animals’ survival rights.

　　Singapore emphasizes the construction of a garden city and attaches great importance to environmental protection. Wildlife conservation is an important link in environmental protection. While promoting conservation, relevant departments in Singapore also attach great importance to the survival and stability of animal populations. Wild animals are very common in Singapore, but in order to maintain the stability of the population, residents are strictly forbidden to feed these wild animals. Just last week, the Singapore government just installed more than 100 surveillance cameras to monitor the illegal feeding of pigeons and remind residents not to feed wild pigeons, so as to avoid the population expansion and affect the ecological balance.

　　In addition, the animal protection department headed by the Singapore Wildlife Conservation Group is also committed to assisting neighboring countries to protect rare animals and to protect and reproduce species such as Burmese tide turtles in Singapore. There is a sign that animals haunt, which can be said to be a scenic spot in Singapore, that is, otters. There are two wild otter families living in Singapore, which are deeply loved by local people, and even they can often be seen in local news programs. One of the otter families lives in the famous marina bay area of Singapore. Signs of beware of otters escaping can be seen everywhere near the Jinsha Hotel in marina bay and the Marina Bay Garden, which not only reflects the love of Singaporeans for these small animals, but also reflects the achievements of building a garden city in Singapore and realizing the harmonious coexistence between man and nature.

　　Australia: The concept of harmonious coexistence between man and animals is rooted in the hearts of citizens.

　　Australia is far from the mainland, alone in the ocean, and with simple natural conditions, many species have no natural enemies there. Australia attaches great importance to the protection of animals. They have not only enacted strict laws, but also rooted the concept of harmonious coexistence between humans and animals in the hearts of every citizen.

　　Hu Fang, an Australian Chinese, said that wild animals in public places and scenic spots are protected and are not allowed to be captured. For example, on the edge of parks or beaches, tourists will see clear signs stating that it is forbidden to feed birds, but it will not state that it is forbidden to capture animals, because for Australians, it is already a thing that you can never do wrong without any reminder. There are many wild animals in Australian cities, even parrots can be seen everywhere, and there are many birds coming from time to time in our yard. In Australia, people treat the wild animals around them as passers-by A and B and live in peace with them. In Australia, once there is an incident suspected of catching wild animals, it will cause an uproar. For example, there was a sensational Duck Gate incident in Australia recently. Passers-by recorded a video of a father and son putting ducks into plastic bags in a park, which attracted much attention, including investigations by the police and the Royal Society for the Prevention of Cruelty to Animals. However, people familiar with the matter later revealed that the father and son were actually taking sick ducks to the park for air. The previous public condemnation may be due to misunderstanding, and the police also confirmed this matter, so this matter came to an end.

　　In addition, in Australia, people should not only pay attention not to catch wild animals in public places, but also pay attention to keeping a distance from wild animals and not being harassed by them.

　　Because of the huge number of wild animals in Australia, and many animals don’t even have any natural enemies, they often show a fearless look. If you eat seafood in the fish market and open grass in Sydney, you must take care of your food, because if you are not careful, seagulls staring at your food may fly around and take it away. As for kangaroos, you need to be more careful when you get along. You can look at them from a distance, but it’s best not to be too close to them, because no one can tell the temper of these kangaroos. One is unhappy, and they slap you in the face. Kangaroos are boxing champions in the animal kingdom, so don’t grab wild animals in Australia. Besides protecting animals, there is another meaning, that is, only in this way can you protect yourself. Australian animals are really brave.

　　Spain: Wildlife protection measures are gradually refined under the legislation of governments at all levels.

　　Spain has more than half of all known animal species in the European Union due to its rich and diverse geographical conditions. Undoubtedly, it has become the most representative country of biodiversity in Western Europe. This also attracts hunters from all over the world to go to Spain for illegal hunting. In this regard, the wildlife protection measures in various regions of Spain have been gradually refined under the legislation of governments at all levels. Zhang Shunheng, who has lived in Spain for many years, took the local animal protection law promulgated in Andalusia, Spain in November this year as an example to introduce how Spain severely punished the killing and catching behaviors that threatened the survival of birds.

　　Spain’s National Civil Guard has set up a special branch to protect the natural environment in the region and implement all animal protection laws in the region, the country, the European Union and even the world. It is worth noting that Spain announced its agreement to the European Convention on the Protection of Animals as early as 1987, but it was not until 2015 that it officially signed and joined.

　　The 30-year period of not formally joining the convention can be seen as people’s re-understanding of animal protection under the traditional thinking, in addition to differences in party views. In 2015, a 41-year-old man in Spain injured his neck because of a horse, and even beat the horse to death, resulting in criminal punishment, becoming the first person in Spain to be sentenced to prison for cruelty to animals. This incident is also the strongest punishment for violating the animal protection law introduced by the Spanish government. At the same time, the man will be banned from all animal-related work and activities within three years, and the biggest controversy among the people is whether to ban traditional bullfighting activities in national culture. Spain kills about 50,000 bulls in the bullring every year. Last year, the Spanish Constitutional Court lifted the ban on bullfighting, but the local government said it would not implement it. This year, Spain’s animal rights protectors marched on the day before the famous Bullfighting Festival, wearing horns and stained with red paint, demanding the abolition of the Bullfighting Festival and the tradition of bullfighting.