() The Record Form of Investor Relations Activities was released on September 13th, and the company was investigated by a fund company on September 12th, 2024. The main contents of investor relations activities are introduced:

　　Q: What is the company’s overseas light truck export sales at present, and what are the main growth areas?

　　A: From January to August 2024, the company exported 76,000 light trucks, up 55% year-on-year. Among them, South America, Southeast Asia and other markets grew rapidly.

　　Q: How does the company maintain its leading position in light truck business?

　　A: The company will continue to maintain the leading position in product strength, increase investment in product development, accelerate the iterative upgrade of the platform, and maintain the industry-leading competitiveness of the platform; Through the integration of product modules, we will simultaneously promote the integration of supplier systems and give full play to the advantages of scale; Continuously innovate marketing capabilities, promote the transformation of distribution channels to full value chain business capability dealers, and enhance the effect of brand promotion and clue transformation through live broadcast+short video; Promote overseas industrialization and localization, persist in investing resources to break through the core industrialized market, accelerate the transformation of key market models, and develop post-market business; At the same time, we will continue to promote cost reduction and efficiency increase in the whole value chain and enhance the profitability of light trucks.

　　Q: What is the company’s development in the Internet of Vehicles?

　　A: The company has one of the largest commercial vehicle networking platforms in China, providing digital solutions for many industries. At present, there are over 2.7 million vehicles connected to the platform, and more than 8.5 billion pieces of data are connected daily. Through the integrated analysis of vehicle data, the company can calculate the prosperity index of sub-region, sub-model and sub-scene, helping suppliers, dealers and service providers to optimize resource allocation and improve operational efficiency. Driven by the index, upstream and downstream enterprises in the industrial chain accelerate digital transformation, rationally optimize resource allocation, and achieve an overall production efficiency increase of more than 10%;

　　Details of participating institutions are as follows:

　　Click to enter the official announcement platform of the exchange to download the original text > > >

In the mixed circle, there is a saying that there are only two kinds of hybrids in the world, one is Toyota hybrid and the other is others. This is enough to prove the recognition of Toyota THS hybrid system in the industry. Today, we will talk about the planetary gear mechanism, the core component of this world-renowned hybrid system.

Toyota THS hybrid system is mainly composed of Atkinson cycle engine, permanent magnet motor, planetary gear mechanism, generator, high-performance nickel-hydrogen battery, power control unit and power control unit.

The core of the whole system is this planetary gear mechanism, that is, the E-CVT transmission in the media population. However, although it is called a transmission, it does not have such complex mechanisms as clutches, torque converters or gear shafts in the traditional transmission system, and it is a power distribution mechanism specially prepared for hybrid vehicles (the official name of Toyota).

So what are the advantages and disadvantages of Toyota’s system, and what are the differences between them compared with other hybrid systems on the market? This article will be reflected one by one.

1. Why does Toyota develop the E-CVT transmission?

E-CVT transmission is the key to the whole hybrid system, and the original intention of all hybrid systems can actually be attributed to energy saving and emission reduction, as was Toyota’s launch of THS that year.

In the early 1990s, the words such as "sustainable development", "global warming" and "greenhouse effect" began to be known around the world. Under this background, Toyota began to study "automobile development model in the 21st century" and launched a project called "G21" (G stands for Globe 21 and stands for 21st century). Toyota Hybrid Power System (THS) also began to sprout at this stage.

In 1995, Toyota released the Prius hybrid concept car at the Tokyo Motor Show. Two years later, in 1997, Toyota’s first generation Prius hybrid car went on sale in Japan, which was Toyota’s first mass production model based on THS hybrid system and the first model born under the Toyota MC platform.

Here, Toyota’s hybrid world door is officially opened.

Second, at present, the THS hybrid system has developed to which generation, and which models are it mounted on?

As mentioned above, the core of THS system is actually the E-CVT transmission, that is, the planetary gear set, and the iterative upgrade of Toyota THS system is almost around the planetary gear set.

The first generation THS hybrid system was born in 1997, and it was first mounted on Prius. Its planetary gear set consists of three parts: sun gear, planet carrier and outer ring gear, which correspond to three power sources in turn: the engine is connected with the planet carrier; Sun gear is connected with the MG1 motor; The gear ring is connected with the MG2 motor.

Through precise and complex control, this planetary gear set can shunt the engine and use the motor to adjust the speed, so that the engine has been in an efficient working range, so as to achieve the purpose of saving fuel.

In 2003, Toyota introduced the second generation THS hybrid system, but the upgrade of the second generation THS hybrid system was mainly in the aspect of electronic control, and the structure of E-CVT transmission did not change much.

In 2009, Toyota introduced the third generation THS (officially called the second generation, but the industry prefers to call it the third generation). Compared with the second generation THS, it added another planetary row on the basis of the original planetary row. The second planetary row is connected with the gear ring of the first planetary row, the MG2 motor is connected with the sun gear, and the planet carrier is fixed, as shown below:

In this way, the second planetary row becomes the deceleration mechanism of MG2 driving motor, and the output torque is increased by reducing the rotation speed, so the third generation THS of Toyota has better power performance than the previous two generations. Not only that, because of the addition of a first-stage reducer, the cumbersome chain drive was replaced by a lighter and smaller gear drive, which greatly improved the transmission efficiency.

However, due to the limitation of planetary gear structure, the speed of MG2 driving motor is limited by the limit speed of MG1, so the speed of this system in pure electric mode cannot be very high (about 70km/h).

In order to better adapt to the development of the industry, Toyota introduced the fourth generation THS in 2015. In terms of structure, the most significant change in this upgrade is to change the planetary gear added by THS-III into a parallel shaft gear, and at the same time put the MG2 driving motor in the side position.

The obvious advantage is that the axial dimension of this system is reduced by 47mm, which is undoubtedly a technological innovation in the horizontal platform with an inch of land and gold. It can not only adapt to engines with larger displacement, but also make the power of MG2 driving motor higher.

In addition, Toyota also introduced a plug-in hybrid system based on the fourth generation THS in 2016. Its main change is to add a single clutch between the engine and the MG1 motor.

The function of the one-way clutch is that when the MG1 motor participates in the driving function (more often used for starting and generating electricity), it will not drive the engine to rotate together, and at the same time, it forms a dual-motor drive with the MG2 driving motor.

The structural diagram of this one-way clutch is as follows. The structure determines that it can only rotate in one direction.

From the year, Toyota E-CVT has gone through several iterations, as shown in the following figure:

(first generation THS)

(second generation THS)

(third generation THS)

(fourth generation THS)

In addition, there are hybrid systems applied to vertical platforms (the version code has not been found yet), such as Lexus LS and Lexus GS. Compared with the ordinary version of THS hybrid system, it connects a 4AT in series to simulate 10 gears. The result of this combination, on the one hand, is conducive to improving the speed, for example, the pure electric maximum speed of LS500h can reach 140km/h, on the other hand, it is more accelerated.

The four-wheel drive system applied to Erffa and Lexus LM is composed of an E-Four electric four-wheel drive with a separate motor in the rear axle, which is not much different from Toyota THS in structure.

At present, Toyota THS models that have been introduced into China include: Camry, Highlander, Saina, Willanda, Lei Ling, Visa, C-HR, Corolla, RAV4 Rongfang, Asia Dragon, Crown Lu Fang, Lingfang HARRIER, Yize IZOA, Erffa and Wilfa; Lexus brands include lexus ES, Lexus RX, Lexus NX, Lexus LS, Lexus UX, Lexus LM, Lexus CT, Lexus LC and Lexus GS(2016, 2014 and 2012 models).

(Toyota)

(Lexus department)

III. Detailed explanation of E-CVT (officially called THS-II version)

3.1, structural composition

The core of E-CVT is this planetary gear set, which consists of sun gear, planetary carrier (including planetary gears) and external gear ring, which are connected with MG1 motor, engine output shaft and main reducer in turn, as shown in the following figure:

We can find that as long as the state of one mechanism is determined, the rotation of the other two mechanisms can also be determined. For example, if the external gear ring is stationary and the sun gear rotates, it will inevitably drive the planet carrier to rotate, which is the starting process of the vehicle.

Moreover, it is worth noting that the diameters and teeth numbers of the external gear, the sun gear and the planetary gear are fixed, which means that the torque of the engine will always be distributed to the sun gear and the external gear in proportion, and the specific value is about 72% to the external gear and 28% to the sun gear. Once the engine is running, this basic fact will not change.

In addition, due to the structural limitation of the planetary gear set, the gear ratio between the outer ring gear and the sun gear is 2.6, that is, when the outer ring gear rotates once, sun gear has to rotate 2.6 times. As a result, the speed of the M2 motor is limited by the limit speed of the M1 motor of 6,500 revolutions, which is only 2,500 revolutions, corresponding to the speed of the vehicle of 43 miles per hour, that is, about 70 kilometers per hour.

3.2, working mode

Toyota’s THS-II system can essentially realize a variety of working modes, one is pure electricity, the other is hybrid (both B and C in the picture below can be regarded as hybrid), and the other is kinetic energy recovery mode, which we will explain in turn from easy to difficult.

First, the pure electric mode. In the pure electric low load state, the battery drives the MG2 motor, and the power is transmitted to the front axle differential by MG2, which finally drives the wheels. However, because the outer gear ring of the planetary gear is hard connected with the M2 motor, it will also follow the rotation. At this time, the engine connected with the planetary carrier has internal resistance, and the power will be transmitted to sun gear, that is, M1 generator with smaller internal resistance through the planetary gear, so that it rotates in the opposite direction, and the generator is in a state of idling without generating electricity.

In the pure electric load state, at this time, the one-way clutch of the engine output shaft intervenes, the planet carrier remains motionless, the MG1 generator starts to act as a motor, the power is transmitted to the outer ring gear through the sun gear, and the wheel is transmitted to the front axle differential through the parallel shaft, and finally the vehicle is driven forward together with MG2.

The kinetic energy recovery mode is better understood. When the vehicle is decelerating, the wheels will drive MG2 and MG1 in turn, making them act as a generator.

Hybrid mode:

Compared with the first two working modes, the hybrid mode can reflect the essence of the whole system of E-CVT. When the motor power can no longer meet the demand, or the battery power is not enough, the engine needs to start and intervene at this time.

However, the engine of this system has no traditional starting mechanism, so at this time, the MG1 motor needs to turn from reverse rotation to forward rotation, so as to drive the planet carrier to rotate, and this speed will reach the efficient range of engine operation, and then the engine will start with fuel injection.

As we mentioned earlier, once the engine rotates, the torque of the engine will be transferred to the outer ring gear and sun gear, and at this time, the outer ring gear will transfer the power to the front axle differential coupled with it to drive the wheels together with the MG2 driving motor; Sun gear will drive the MG1 motor to generate electricity, which will be provided to the MG2 drive motor.

When we step on the accelerator deeply, or when we are at full load, there are three power flows. Except that part of the torque of the above engine drives the wheels and part of the torque drives the MG1 generator to supply power to MG2, the battery of the vehicle itself will also supply power to the MG2 motor, so that the vehicle can output the maximum power.

Another mode is in-situ power generation, in which all the engine power drives the MG1 generator to charge the battery. Perhaps some readers have found it here. Didn’t you say that as long as the engines move together, the torque must be distributed to the outer ring gear and sun gear in proportion?

(In-situ charging)

There is actually no conflict here, because in the in-situ power generation mode, the battery will supply power to the MG2 motor, provide a reverse torque, and lock the external gear ring.

3.3, control strategy

The structure of planetary gear set is not complicated, but the control unit of the whole system is difficult. After the engine starts and the system enters the hybrid, how to distribute the power?

First of all, we know that the MG1 motor can be regulated, and according to the relationship between planetary gears, the torque of engine torque distributed to the outer ring gear can be calculated. When the driver steps on the accelerator pedal, the system will judge the power required by the engine according to the accelerator opening and the SOC value of the battery. When the vehicle speed is low, most of the power of the engine will be distributed to NG1 for power generation, part of the power will be used to drive the wheels, and the rest will be supplemented by M2 motor.

When the vehicle speed is high, the engine will use most of the power to drive the wheels, and only a small part will be used to generate electricity, and the MG2 motor will assist in driving.

If the vehicle happens to be in the highest thermal efficiency range of the engine, the MG1 motor will get stuck, and the MG2 motor will idle, at this time, the power is completely provided by the engine.

From the above, we can also draw another conclusion: the engine is responsible for the main power output, which is used to maintain SOC balance and respond to the total power request; The generator is used for speed regulation, and its purpose is always to control the engine speed at the target working point; The motor is mainly responsible for supplementing the torque to ensure that the driver’s torque request is guaranteed.

IV. Advantages and Disadvantages of E-CVT

The E-CVT transmission has two advantages. First, the smoothness of driving. The planetary gear set replaces the transmission, and there will be no sense of frustration in shifting gears. At the same time, the system is simple in structure and more reliable in theory.

Secondly, this system can keep the engine in an efficient running range through the power split of planetary gear sets and the speed regulation of the motor, and make the fuel economy higher. We should know that the measured fuel consumption of the third-generation Prius was 4.3L/100km when it went on the market in 2009. It reached this fuel consumption level 10 years ago, which can be said to be ahead of the whole era.

Although the advantages are obvious, this set of E-CVT also has some inherent defects, mainly because of the restrictions brought by the gear structure. For example, the gear ratio of the planetary gear set limits the speed range of the engine, and at the same time, it needs to drive the generator to generate electricity, which cannot release all the power. Moreover, the more transmission paths of the gear set, the greater the energy loss; In the high-efficiency operation range of the engine, the power cannot be completely transmitted to the wheels, and it needs to be converted twice by charging or electric drive.

5. What is the current reputation of E-CVT?

Generally speaking, due to the special type of gearbox, E-CVT will not produce friction when working, and will not wear without friction, with better durability and low failure rate.

From the market reputation, we can also see the reliability of this system, and there are almost no complaints about the failure of E-CVT transmission, which also reflects its leading quality.

VI. Comparison of E-CVT Technology

Due to the limitation of patents, there are not many E-CVT with planetary gear sets as the core. Besides Toyota’s, the most famous one is the universal Volt dual-mode hybrid system (in fact, GM’s patent in this respect is earlier than Toyota’s), which also takes planetary gear sets as the core.

Structurally, the MG2 of the universal Volt is connected with the sun gear, the output shaft is connected with the planetary carrier, and the power is output to the wheels, while the gear ring is connected with the shell or the motor MG1 according to the actual operation. Through the combination and separation of clutches C1 and C2 and brake B1, GM Volt can realize various operation modes, as shown in the following table.

Compared with Toyota’s E-CVT, although the Volt structure of GM is similar, the direction of power split is completely different, which is also the product of Toyota’s racking their brains under the blockade of GM’s patents.

In addition, it is worth mentioning that although the Volt is more similar to Toyota’s YHS in structure, consumers compare more with Honda’s i-MMD hybrid and Toyota’s THS hybrid, so we also make a comparative analysis of them.

First of all, in terms of structure, Honda’s i-MMD system consists of engine, generator, driving motor, power separation device (E-CVT), PCU and lithium battery.

One of the key differences lies in the E-CVT. Compared with Toyota’s complex planetary gears, Honda’s i-MMD completes the power split through very few gear sets and clutches, and we have to know that one more transmission path of power leads to one more loss.

Compared with Toyota’s THS, Honda’s i-MMD is characterized by high structural flexibility, which can realize pure electricity, series, parallel, high-speed direct drive (Toyota THS can’t realize direct drive) and other modes, and its efficiency is very high.

In addition, the hybrid power of Honda i-MMD is higher than that of Toyota THS. Take the third generation Honda i-MMD as an example, its total motor power reaches 135KW, while that of Toyota THS-IV is only 53KW.

As for why Honda i-MMD uses such a high-power motor, the main reason is that Honda i-MMD hybrid system can’t switch the speed ratio at will like Toyota THS, so this system is in series mode under most working conditions, and the motor drives the vehicle. In order to ensure the power of the vehicle, only a more powerful motor can be selected.

It also has some disadvantages: the battery uses lithium battery, the motor power is higher, and the corresponding cost will be higher. At the same time, because it is limited by the speed ratio of the internal reduction gear set, the working space of the Atkinson engine in the i-MMD system that directly participates in driving the wheels is very narrow. In addition, Toyota’s THS has been verified on a large scale in the market, and its reliability has been proved.

Seven, Toyota open E-CVT patent.

At the beginning of the article, it is said that there are only two kinds of hybrids in the world, one is Toyota and the other is others. The reason for this statement is that on the one hand, Toyota THS hybrid performance is excellent and reliable, on the other hand, it has applied for comprehensive patent protection, and it is even more difficult for latecomers to enter the market.

However, due to the timeliness of the patent protection period, in 2017, Toyota announced the opening of the first batch of hybrid patents, and it can provide technology to the outside world, and hopes to cooperate with other car companies in this regard, but there are few respondents.

By 2018, Toyota expressed the patent opening more clearly, claiming that it would provide the right to use for free, including about 23,740 patents of electrification technology such as motor, electronic control and system control.

In 2019, the opening of Toyota’s patent finally ushered in the harvest. First, Toyota "sold" THS technology to Toyota’s core component supplier Keliyuan in China at a price of "US$ 1" (Keliyuan’s major shareholder is Geely, so it can be understood as selling technology to Geely in disguise). Later, it reached a THS hybrid technology transfer agreement with GAC and FAW.

At present, the first Guangzhou Automobile Chuanqi GS8 twin-engine series equipped with Toyota hybrid in its own brand has been listed. The power is a 2.0T engine independently developed by Guangzhou Automobile+Toyota THS hybrid system, and the official fuel consumption per 100 kilometers is 5.3L/ 100 kilometers. In addition, Geely’s Zhiqing Hi·X oil-electric hybrid system is also inextricably linked with it.

Summary:

Generally speaking, as the core of Toyota THS hybrid system, E-CVT transmission perfectly realizes the function of power shunting through planetary gear sets, and makes the engine always in an efficient working range by using motor speed regulation. This is indeed a revolutionary innovation, which also makes Toyota’s hybrid technology almost dominate the world, and its cumulative sales volume is close to 20 million. At present, THS hybrid has developed to the fourth generation, and its structure has approached perfection. Moreover, in the context of pure electric vehicles becoming the general trend, whether Toyota will continue to upgrade THS or improve E-CVT may require a question mark.

　　[Pacific Auto] On May 11th, we got the information of the second generation (|) from, which had previously made its debut in 2024. The new car is positioned as a new hard-core intelligent driver, adopting a brand-new "ecological function" design language, and has been upgraded in terms of intelligence and three-electric system. It is equipped with ADIGO 5.0, advanced intelligent driver assistance system (Orin-X chip+lidar) and AI model ADiGO SENSE, and the CLTC cruising range reaches 750km, and it can be charged for 370 km in 15 minutes.

　　In terms of appearance, the second generation AION V adopted a brand-new "ecological function" design language, which was jointly designed by global design teams in Los Angeles, Milan, Shanghai and Guangzhou, and its modeling design was inspired by the classic life force totem — — Tyrannosaurus rex, the classic, pure hard-core genes to the extreme.

　　From the point of view of vehicle modeling, the second generation AION V uses tough lines with rectangular features, embellishes the vehicle design with cyber dragon claws, and adopts AION alphabet at the rear.

　　In terms of body size, the length, width and height of the new AION V are 4605/1854(1876)/1660(1686)mm and 2775mm, respectively, with a five-seat layout. In addition, the new car/is 19 degrees and 27 degrees respectively.

　　In addition, the new car can also choose different color spoilers, rear tail labels, different color calipers, door handles, privacy glass, different color luggage racks, roof lidar, different color side skirts, different color front trim strips, rims, different color rear trim strips, different color front lips, rear windshield and other configurations.

　　Power aspectAccording to the application information, the new AION V is equipped with a front-mounted permanent magnet synchronous motor, 150 kW and 160km. In terms of battery life, it is known that the car will be built on a 400V silicon carbide platform. The CLTC has a pure electric cruising range of 750km and can be charged for 370 km in 15 minutes.

　　In addition, the second-generation AION V is equipped with a self-developed second-generation ITS2.0 intelligent temperature control system (the first in the world in terms of integration). It adopts the industry’s first 12-way valve multi-mode high-efficiency thermal management integrated module, and comes standard with a heat pump. The low-temperature energy consumption is reduced by 50% compared with the previous generation, and the adaptive temperature range is the widest in the industry (-30~ 55℃).

　　Combined with the previous news, the second-generation AION V will also be equipped with ADIGO 5.0 intelligent driving interconnection ecosystem, and integrated into the AI ? ? big model ADiGO SENS, which is carefully trained based on the data of millions of car owners in Ai’ an, can accurately identify and meet the individual needs of users, and has self-learning interactive logic. There is no upper limit to understanding ability. At the same time, it is also equipped with 4-tone voice interaction, which can recognize many languages and super-personify colloquial output.

　　At the same time, it will also be equipped with a high-order intelligent driving system, adopting an intelligent driving scheme of "BEV (pure electric vehicle) +OCC (occupied network technology) +Transformer (neural network model based on self-attention mechanism)", and equipped with intelligent driving hardware consisting of NVIDIA Orin-X chip, a high-thread laser radar, five millimeter-wave radars and 11 cameras, which can realize the pilot-assisted driving ability on highway sections and urban sections.

　　In terms of configuration, the new AION V adopts the 8-point massage SPA+ of the main driver and the auxiliary driver+the chaise longue in the rear, which can realize 137-degree adjustment, so that the rear passengers can find a comfortable sitting position that best suits their spine angle. Master-tuned 9 Belgian Premium speakers and 8-inch bass speakers bring better audio-visual enjoyment. The new car also comes standard with VtoL external discharge function, three-mode four-control cold and warm refrigerator and so on. (Text: Pacific Auto Wu Qi)

　　Chapter I General Provisions

　　Article 1 In order to further meet the needs of reform and opening up, strengthen the management of Sino-foreign joint ventures and cooperative medical institutions, and promote the healthy development of China’s medical and health undertakings, these Measures are formulated in accordance with the Law of People’s Republic of China (PRC) on Sino-foreign Joint Ventures, the Law of People’s Republic of China (PRC) on Chinese-foreign Cooperative Enterprises, the Regulations on the Administration of Medical Institutions and other relevant national laws and regulations.

　　Article 2 Sino-foreign joint ventures and cooperative medical institutions mentioned in these Measures refer to medical institutions established by foreign medical institutions, companies, enterprises and other economic organizations (hereinafter referred to as joint ventures and cooperative parties) in China (except Hongkong, Macau and Taiwan Province, the same below) with medical institutions, companies, enterprises and other economic organizations in China (hereinafter referred to as joint ventures and cooperative parties) on the principle of equality and mutual benefit and with the approval of the competent department of China government.

　　Article 3 These Measures shall apply to the application for the establishment of Sino-foreign joint ventures and cooperative medical institutions in China.

　　Article 4 Chinese-foreign joint ventures and cooperative medical institutions must abide by the relevant laws, regulations and rules of the state. The legitimate business activities of Sino-foreign joint ventures and cooperative medical institutions and the legitimate rights and interests of both parties are protected by the laws of China.

　　Article 5 The Ministry of Health and the Ministry of Foreign Trade and Economic Cooperation (hereinafter referred to as MOFTEC) shall be responsible for the administration of Chinese-foreign joint ventures and cooperative medical institutions throughout the country within their respective functions and duties.

　　The administrative department of health of the local people’s governments at or above the county level (including the competent department of traditional Chinese medicine/pharmacy) and the administrative department of foreign trade and economic cooperation shall be responsible for the daily supervision and management of Sino-foreign joint ventures and cooperative medical institutions within their respective administrative areas.

　　Chapter II Setting Conditions

　　Article 6 The establishment and development of Sino-foreign joint ventures and cooperative medical institutions must conform to the local regional health planning and the establishment planning of medical institutions, and implement the Basic Standards for Medical Institutions formulated by the Ministry of Health.

　　Article 7 Both Chinese and foreign parties applying for the establishment of a Sino-foreign joint venture or cooperative medical institution shall be legal persons who can independently bear civil liabilities. The Chinese and foreign parties to a joint venture or cooperation shall have experience in directly or indirectly engaging in medical and health investment and management, and meet one of the following requirements:

　　(a) to provide international advanced management experience, management model and service model of medical institutions;

　　(two) to provide medical technology and equipment with international leading level;

　　(three) can supplement or improve the local medical service capacity, medical technology, funds and medical facilities.

　　Article 8 A Sino-foreign joint venture or cooperative medical institution established shall meet the following conditions:

　　(1) It must be an independent legal person;

　　(two) the total investment shall not be less than 20 million yuan;

　　(3) The equity ratio or rights and interests of the Chinese side in a Sino-foreign joint venture or cooperative medical institution shall not be less than 30%;

　　(4) The term of joint venture and cooperation shall not exceed 20 years;

　　(5) Other conditions stipulated by the health administrative department at or above the provincial level.

　　Article 9 In a joint venture or cooperation, if the Chinese side participates in the investment with state-owned assets (including the contribution at a fixed price or as a condition of cooperation), it shall be approved by the corresponding competent department, and the state-owned assets to be invested shall be evaluated by an evaluation agency confirmed by the state-owned assets management department in accordance with the relevant provisions on the evaluation and management of state-owned assets. The evaluation results confirmed by the state-owned assets management department at or above the provincial level can be used as the basis for pricing the state-owned assets to be invested.

　　Chapter III Establishment, Approval and Registration

　　Article 10 To set up a Sino-foreign joint venture or cooperative medical institution, an application shall be submitted to the municipal health administrative department where the district is located, and the following materials shall be submitted:

　　(1) An application for establishing a medical institution;

　　(two) the project proposal signed by the legal representatives of the joint venture and the cooperative party and the feasibility study report on the establishment of the Sino-foreign joint venture and cooperative medical institution;

　　(3) Registration certificates (photocopies), identity certificates of legal representatives (photocopies) and bank credit certificates of both parties to the joint venture and cooperation;

　　(four) the state-owned assets management department’s confirmation document on the evaluation report of the state-owned assets to be invested.

　　The municipal health administrative department with districts shall conduct preliminary examination on the materials submitted by the applicant, and put forward preliminary examination opinions according to the regional health planning and medical institution setting planning, and submit them to the local provincial health administrative department for examination together with the application materials, local regional health planning and medical institution setting planning.

　　Article 11 The provincial health administrative department shall review the application materials and the preliminary examination opinions of the municipal health administrative department with districts and report them to the Ministry of Health for approval.

　　For approval, the provincial health administrative department shall submit the following materials to the Ministry of Health:

　　(a) the applicant to set up application materials;

　　(2) The Plan for the Establishment of Medical Institutions approved and implemented by the municipal people’s government with the establishment of districts, and the audit opinions of the municipal and provincial health administrative departments with the establishment of districts on whether the proposed Sino-foreign joint venture and cooperative medical institutions conform to the local regional health plan and the plan for the establishment of medical institutions;

　　(3) the examination opinions of the provincial health administrative department on the establishment of the Sino-foreign joint venture and cooperative medical institution, including the opinions on the name, site selection, scale (beds, dental chairs), diagnosis and treatment subjects and operating period of the proposed Sino-foreign joint venture and cooperative medical institution;

　　(4) Other materials as prescribed by laws, regulations and the Ministry of Health.

　　The Ministry of Health shall, within 45 working days from the date of acceptance, make a written decision on approval or disapproval.

　　Article 12 An application for the establishment of a Chinese-foreign joint venture or cooperative medical institution of traditional Chinese medicine (including a Chinese-foreign joint venture or cooperative medical institution of integrated traditional Chinese and western medicine and a Chinese-foreign joint venture or cooperative medical institution of ethnic medicine) shall, in accordance with the requirements of Articles 10 and 11 of these Measures, be subject to the preliminary examination of the local municipal health administrative department with districts and the examination of the local provincial health administrative department, and be submitted to state administration of traditional chinese medicine for examination and approval.

　　Article 13 After obtaining the permission of the Ministry of Health, the applicant shall apply to the Ministry of Foreign Trade and Economic Cooperation in accordance with relevant laws and regulations, and submit the following materials:

　　(1) Setting up application materials and approval documents;

　　(2) The contract and articles of association of the Sino-foreign joint venture and cooperative medical institution signed by the legal representatives of the parties or their authorized representatives;

　　(3) A list of members of the board of directors of the medical institution to be established as a Sino-foreign joint venture or cooperative medical institution, and a letter of appointment from each party to the joint venture or cooperative medical institution;

　　(four) the notice of pre-approval of the organization name issued by the administrative department for industry and commerce;

　　(5) Other materials stipulated by laws, regulations and MOFTEC.

　　MOFTEC shall, within 45 working days from the date of accepting the application, make a written decision on approval or disapproval; If it is approved, a Certificate of Approval for Foreign-invested Enterprises shall be issued.

　　A Chinese-foreign equity joint venture or cooperative medical institution approved for establishment shall, within one month from the date of receiving the Approval Certificate for Foreign-invested Enterprises issued by the Ministry of Foreign Trade and Economic Cooperation, go through the registration formalities with the State Administration for Industry and Commerce by virtue of this certificate.

　　Article 14 The application for establishing a Sino-foreign equity joint venture or cooperative medical institution in the central and western regions of China or in the old, less developed, border and poor areas or the scope and content of medical services provided by the Sino-foreign equity joint venture or cooperative medical institution applied for establishment belong to the service field encouraged by the state, and the conditions stipulated in Articles 7 and 8 may be appropriately relaxed.

　　Article 15 A Chinese-foreign equity joint venture or cooperative medical institution that is approved to be established shall apply to the health administrative department specified by the local provincial health administrative department for practice registration and obtain the Practice License of Medical Institution according to the procedures and requirements stipulated in the Regulations on the Administration of Medical Institutions and the Detailed Rules for the Implementation of the Regulations on the Administration of Medical Institutions.

　　According to the category and scale of Sino-foreign joint venture and cooperative medical institutions, the provincial health administrative department or the municipal health administrative department with districts shall accept the application for practice registration of Sino-foreign joint venture and cooperative medical institutions.

　　Article 16 The naming of Sino-foreign joint ventures and cooperative medical institutions shall follow the provisions of the Detailed Rules for the Implementation of the Regulations on the Administration of Medical Institutions issued by the Ministry of Health. The names of Chinese-foreign joint ventures and cooperative medical institutions are composed of local place names, identification names and common names in turn.

　　Article 17 Chinese-foreign joint ventures and cooperative medical institutions shall not set up branches.

　　Chapter IV Alteration, Extension and Termination

　　Article 18 Where an established Sino-foreign joint venture or cooperative medical institution changes its institution scale (beds and dental chairs), diagnosis and treatment subjects, joint venture and cooperation period, it shall go through the corresponding change registration procedures at the original registration authority according to the examination and approval procedures specified in Chapter III of these Measures.

　　Changes in the relevant clauses of contracts and articles of association of Chinese-foreign joint ventures and cooperative medical institutions shall be reported to the Ministry of Foreign Trade and Economic Cooperation for approval.

　　Article 19 If it is really necessary to extend the joint venture and cooperation period of a Chinese-foreign joint venture or cooperative medical institution after the expiration of 20 years, both parties may apply for an extension of the joint venture and cooperation period, and shall apply for an extension 90 days before the expiration of the joint venture and cooperation period. The application for extension shall be submitted to the Ministry of Health and the Ministry of Foreign Trade and Economic Cooperation for approval after being examined and approved by the provincial health administrative department and the foreign trade administrative department. The examination and approval authority shall, within 45 working days from the date of receiving the application, make a written decision on approval or disapproval.

　　Article 20 A Chinese-foreign equity joint venture or cooperative medical institution approved for establishment shall complete the relevant registration procedures within the time limit prescribed by the examination and approval authority; If it fails to be completed within the time limit, the joint venture and cooperation project shall be revoked after approval by the examination and approval authority.

　　Chapter V Practice

　　Article 21 Chinese-foreign joint ventures and cooperative medical institutions, as independent legal entities, shall be responsible for their own profits and losses, conduct independent accounting and bear civil liabilities independently.

　　Article 22 Chinese-foreign joint ventures and cooperative medical institutions shall implement the regulations on the administration of medical institutions and the detailed rules for the implementation of the regulations on the administration of medical institutions on the practice of medical institutions.

　　Twenty-third Chinese-foreign joint ventures and cooperative medical institutions must implement the medical technology access standards and clinical diagnosis and treatment technical standards, and abide by the relevant provisions on the clinical application of new technologies, new equipment and large medical equipment.

　　Article 24 Medical accidents in Chinese-foreign joint ventures and cooperative medical institutions shall be handled in accordance with relevant state laws and regulations.

　　Article 25 The employment of foreign doctors and nurses by Chinese-foreign joint ventures and cooperative medical institutions shall be handled in accordance with the Law of People’s Republic of China (PRC) on Medical Practitioners and the Measures of People’s Republic of China (PRC) for the Administration of Nurses.

　　Article 26 In case of major disasters, accidents, epidemics of diseases or other unexpected situations, Chinese-foreign joint ventures and cooperative medical institutions and their health technicians shall obey the assignment of the health administrative department.

　　Twenty-seventh Chinese-foreign joint ventures and cooperative medical institutions shall publish their own medical advertisements in accordance with the Advertising Law of People’s Republic of China (PRC) and the Measures for the Administration of Medical Advertisements.

　　Twenty-eighth Chinese-foreign joint ventures and cooperative medical institutions shall pay medical fees in accordance with the relevant provisions of the state.

　　Article 29 The tax policies of Chinese-foreign joint ventures and cooperative medical institutions shall be implemented in accordance with the relevant provisions of the state.

　　Chapter VI Supervision

　　Thirtieth local health administrative departments at or above the county level shall be responsible for the daily supervision and management of Sino-foreign joint ventures and cooperative medical institutions within their respective administrative areas.

　　The Medical Institution Practice License of Sino-foreign joint venture and cooperative medical institutions shall be verified once a year, and the verification of the Medical Institution Practice License shall be handled by the medical institution practice registration authority.

　　Article 31 Chinese-foreign joint ventures and cooperative medical institutions shall, in accordance with the relevant provisions of the state on foreign-invested enterprises, accept the supervision of relevant state departments.

　　Thirty-second Chinese-foreign joint ventures and cooperative medical institutions that violate the relevant laws, regulations and rules of the state shall be investigated and dealt with by the relevant competent departments according to law. For Chinese-foreign joint ventures and cooperative medical institutions that violate these measures, the health administrative departments at or above the county level and the foreign trade and economic cooperation departments may punish them according to relevant laws, regulations and rules.

　　第三十三条　 地方卫生行政部门和地方外经贸行政部门违反本办法规定，擅自批准中外合资、合作医疗机构的设置和变更的，依法追究有关负责人的责任。

　　中外各方未经卫生部和外经贸部批准，成立中外合资、合作医疗机构并开展医疗活动或以合同方式经营诊疗项目的，视同非法行医，按《医疗机构管理条例》和《医疗机构管理条例实施细则》及有关规定进行处罚。

　　第七章　 附则

　　第三十四条　 香港特别行政区、澳门特别行政区、台湾地区的投资者在大陆投资举办合资、合作医疗机构的，参照本办法执行。

　　第三十五条　 申请在中国境内设立外商独资医疗机构的，不予以批准。

　　第三十六条　 各省、自治区、直辖市卫生、外经贸行政部门可依据本办法，结合本地实际制订具体规定。

　　第三十七条　 本办法由卫生部和外经贸部负责解释。

　　第三十八条　 本规定自2000年7月1日起实施。

　　一九八九年二月十日颁布的卫医字〔89〕第3号文和一九九七年四月三十日颁布的〔1997〕外经贸发第292号文同时废止。

Since August 1st this year, the "zero deposit" service model for hospitalization has been officially implemented in Lianyungang Maternal and Child Health Hospital, which is also an extension of the service of "medical treatment first and then payment" for inpatients in outpatient and emergency departments.

"First time" is not a new word in this hospital: the first hospital in our city to pilot "pay first" is also the Municipal Maternal and Child Health Hospital. This year, the "holiday-free hospital" implemented by this hospital has opened a new mode of convenient medical treatment in the city …

These are just some of the many measures for the convenience and benefit of the people introduced by Lianyungang Maternal and Child Health Hospital. In recent years, the Municipal Maternal and Child Health Hospital has started from solving the urgent difficulties and worries of the patients, closely focused on the work arrangements of the Municipal Health and Health Commission, such as "Implementation Plan for Improving the Feeling of Medical Treatment and Enhancing the Patient Experience (2023-2025)", "Ten Action Plans for Improving the People’s Medical Service Experience (2024-2025)" and "Implementation Plan for Focusing on Eight Problems and Promoting Eight Measures to Effectively Improve the People’s Feeling of Medical Treatment", and continuously innovated the service model and improved the service quality.

"Zero deposit" for hospitalization makes the medical path smoother

"It’s the first time that I know that I can pay the fee after hospitalization. The doctor opened the hospitalization form in the outpatient clinic, completed the registration at the medical guide desk, and then went directly to the ward to go through the hospitalization procedure, which saved a lot of roads. It is really convenient for parents like me who take their children to hospital alone. " Ms. Liao, who just experienced the "zero deposit" for hospitalization in the Municipal Maternal and Child Health Hospital, gave a thumbs-up while praising.

In recent years, with the promotion of the basic medical security system for urban and rural residents and the sinking of high-quality medical resources, more and more citizens hope to enjoy a better and more perfect experience in waiting time, service efficiency, medical treatment process and doctor-patient communication. The "zero deposit" for hospitalization is an important measure to thoroughly implement the reform of improving people’s medical service experience and highlight humanized medical service, and it is also an exploration and practice to further deepen the connotation of honest medical treatment.

In order to smoothly implement the "zero deposit" service mode of hospitalization, Zhao Cheng, secretary of the Party Committee of the Municipal Maternal and Child Health Hospital, led a special class to explore the "zero deposit" service mode of hospitalization, and took the lead in convening a special mobilization meeting to fully unify the thinking of management departments and clinical wards and overcome the pressure of capital turnover. Chen Jian, the chief accountant, took the lead to arrange the implementation, made many investigations and repeated arguments, worked out the work plan, improved the service process, and promoted the upgrading of the information system. Finally, from August 1, the Municipal Maternal and Child Health Hospital tried out the "zero deposit" diagnosis and treatment model for hospitalization in five wards, including gynecology and pediatrics.

The hospitalization "zero deposit" service mode has opened a "through train" for more patients to go to the ward.

"Thanks to the good policy of the Women’s Hospital, I quickly went to the hospital." Aunt Qian, 65, said excitedly. Aunt Qian went to the hospital because of abdominal pain. After going to the hospital for examination, she found that the ovarian cyst was twisted and needed hospitalization. "But what if I’m not prepared for hospitalization?" When she was in trouble, the gynecologist told her that the hospital had just implemented the "zero deposit" service for hospitalization, and she could pay the fee after hospitalization.

The "zero deposit" for hospitalization has achieved a win-win situation for doctors and patients

What has changed in the "zero deposit" diagnosis and treatment mode of hospitalization?

After the implementation of the "zero deposit" diagnosis and treatment mode, for patients, the efficient channel for medical treatment directly from the "consultation area" to the "ward" is unblocked. After the outpatient and emergency doctors issue the "zero deposit" hospitalization form, patients first register information at the nurse station in the consultation area, and then they can go to the nurse station in the ward or use the self-service machine to go through the hospitalization procedures. When they are discharged from the hospital, they can settle accounts by the bedside and go through the discharge procedures, which reduces at least three links and greatly reduces it.

The hospital’s hospitalization process has been further streamlined, from the original "outpatient billing-hospitalization payment-ward occupancy" to the "outpatient billing registration-ward admission", which liberates the labor force of medical staff and is conducive to the rational allocation of human resources. This service is not only satisfactory to patients, but also gratifying to medical staff. "The process is reduced, patients run less, and there are fewer complaints. Moreover, patients and their families have truly felt the care of’ patient first’ through this service, and their satisfaction has come up. " Xu Shanmin, head nurse of gynecological ward, said.

"We are well aware that patients’ medical treatment is the first appeal. Hospitals should not only solve illnesses, but also implement humanistic care and provide quality medical services. The hospitalization’ zero deposit’ service mode gives priority to meeting patients’ medical needs, so that patients don’t have to delay hospitalization due to deposit problems and arrange their own payment nodes reasonably. It not only makes patients feel the care of the hospital, but also ensures the timeliness of hospitalization, thus ensuring the quality of diagnosis and treatment. " Zhao Cheng said. According to statistics, as of September 15th, the "zero deposit" hospitalization service has been tried out for 45 days, and the zero deposit admission rate in gynecological and pediatric wards is nearly 90%.

Improving the patient’s medical experience not only warms the patient’s heart, but also makes the doctor-patient relationship more harmonious. Now, in the Municipal Maternal and Child Health Hospital, service is not only a beautiful landscape, but also a "warm magnetic field" that gathers harmony and warmth.

Improve the medical experience"Embroidery Kung Fu" behind it

All along, the Municipal Maternal and Child Health Hospital has been committed to promoting the construction of a healthy Lianyungang, providing women and children in the city with full-cycle, all-round and whole-process medical care services.

Since 2022, Lianyungang Maternal and Child Health Hospital has changed its service process around the "Ten Action Plans for Improving People’s Medical Service Experience" of the Municipal Health and Health Commission, and has taken the lead in piloting the "medical treatment first and then payment" service model in outpatient and emergency departments. Over the past two years, it has served 717,000 people, with a contracted amount of nearly 300 million yuan. The service mode of "medical treatment first, then payment" has realized "three reductions and two liters", that is, the number of waiting in line has been reduced, the waiting time in line has been shortened, the time in hospital has been shortened, the appointment rate has been improved, and the satisfaction has been improved.

The hospital also formulated the Implementation Plan of Theme Activities of Lianyungang Maternal and Child Health Hospital to Improve Medical Experience and Enhance Patient Experience (2023-2025), exploring the integrated whole-course medical service mode of medical treatment, health care and rehabilitation, taking the lead in implementing the "holiday-free hospital", setting up a one-stop service center for outpatient hospitalization, speeding up the whole-process reengineering of smart outpatient service, implementing the "consistent" management mode of obstetrics, and optimizing the whole-process service of maternal and child health. A few days ago, the National Health Commission platform showed that the outpatient satisfaction, inpatient satisfaction and employee satisfaction of the Municipal Maternal and Child Health Hospital were among the highest in the ranking of maternal and child health institutions in the province.

In fact, whether it is "medical treatment first", "no holiday hospital" or "zero deposit for hospitalization" being tried out, the series of innovative measures of the Municipal Maternal and Child Health Hospital are making the concept of "comfortable medical treatment" truly come true, striving to build a benign pattern of mutual trust, harmony and win-win between doctors and patients, and constantly deepening the construction of healthy and civilized Lianyungang.

Whether it is a fuel vehicle or a new energy vehicle, as long as it meets the needs of consumers, it is a good car. What I bring to you today is that it has many highlights. Not much to say, let’s take a look.

Let’s take a look at the appearance of the Yuan PLUS. The overall front of the Yuan PLUS is more fashionable and simple, and looks more fashionable. Combined with fashionable and simple headlights, the grade of the whole vehicle is improved. The car is equipped with LED daytime running lights, automatic opening and closing, adaptive far and near light, delayed closing and so on. Coming to the side of the car body, the size of the car body is 4455 mm * 1875 mm * 1615 mm. The car adopts lovely lines, and the car body presents a dignified design style. With large-sized thick-walled tires, the shape is quite soft. Looking back, the rear line of Yuan PLUS is young and unique, and the taillight style is relatively unique. Overall, it is still quite domineering and stylish.

Sitting in the car, Yuan PLUS interior design has taken the avant-garde personality route, which is easy to impress the hearts of young consumers. The steering wheel of the car is well designed and made of leather, which gives a good grip experience. Take a look at the central control, and with the 15.6-inch touch-sensitive LCD central control screen, the interior design is quite layered, giving people a feeling of being domineering and stylish. Let’s take a look at the dashboard and seats again. The car is equipped with a beautiful dashboard, which is very dynamic and lively. The car adopts imitation leather seats, equipped with functions such as electric adjustment of auxiliary seats, electric adjustment of seats, and seat proportion tilting, and the overall comfort is acceptable.

Yuan PLUS matching gearbox, 150KW, 310N.m, good power performance.

The back row space of yuanplus is quite satisfactory, and the leg space is still rich, so it is no problem to meet daily household needs. In addition, the car is equipped with anti-lock braking (ABS), LED daytime running lights, brake assist (EBA/BAS, etc.), braking force distribution (EBD), traction control (ASR/TCS, etc.), main driving airbag, co-pilot airbag, side airbag curtain, front side airbag and other safety configurations.

Do you have a lot of ideas after reading today’s story? This class of cars can often give consideration to both cost performance and practicality, and is often considered by most consumers as the first choice when buying a car.

On September 9, 2023, with the release of Lynk & Co 08, which is equipped with Meizu Flyme Auto intelligent cockpit operating system, Wuhan, Guangzhou, Xi’an, Ningbo, Zhenjiang, and Jinhua six cities Meizu offline experience stores simultaneously launched Lynk & Co 08. Consumers can go to the six cities Meizu offline experience store to experience the new experience of handcar unbounded interconnection brought by Meizu 20 series flagship mobile phones and Lynk & Co 08.

Coinciding with the launch of Lynk & Co 08, Meizu Authorized Experience Store Guangzhou Panyu Wanda Store and Jinhua Jindong Wanda Store opened grandly on the same day. Among them, as the first Meizu House Plus store in Guangdong, Guangzhou Panyu Wanda Store is located in the core business district of Guangzhou Panyu, with a superior geographical location and rich commercial resources. With the official opening of the event, Guangzhou Panyu Wanda Store will provide local consumers with a more convenient and high-quality shopping experience.

At the same time, Lynk & Co 08’s best partner "Meizu 20 PRO Lynk & Co 08 Customized Edition" is also on sale in Meizu’s offline experience store. Purchases before September 11 are priced at 4,788 yuan for a limited time, and a "Meizu | Lynk & Co Flyme Auto Mobile Domain Supreme Gift Box" worth 599 yuan is included.

Combined with the Meizu Flyme Auto smart cockpit operating system carried by Lynk & Co 08, the Meizu 20 series flagship mobile phone will share capabilities with Flyme Auto in four aspects: computing power, data, hardware and ecology, so that the interconnection between mobile phones and cars can be upgraded from the software level to the hardware level, thus greatly enhancing the experience of using smart cockpits.

The flagship mobile phone of Meizu 20 series uses Flyme Link mobile phone domain technology to closely connect the mobile phone with the vehicle, realizing the non-sensory interconnection of the handcar. When the mobile phone and the car are paired and connected through Flyme Link mobile phone domain technology, users can easily experience the seamless flow of mobile phone applications to the car system, music and navigation can be seamlessly relayed, support quick car search on the mobile terminal, switch to the car camera during video conferencing, and share mobile phone traffic and other interconnection functions.

In terms of hardware, Flyme Auto has the support of the high-specification domestic 7nm SoC "No. 1" and "Yikatong Antola 1000 Pro" platform created by Core Engine Technology. The NPU computing power reaches 16 TOPS, and the GPU computing power reaches 1800G FLOPS. With the optimization of One Mind intelligent engine, the cold start time of Flyme Auto is shortened to within 20 seconds, reaching the industry’s top level, bringing users silky and smooth beyond the past.

With the official launch of Lynk & Co 08 and "Meizu 20 PRO Lynk & Co 08 Customized Edition" in Meizu’s offline experience store, Meizu and Lynk & Co have shown a common vision for future travel, and represent the determination of the two companies to drive innovation with technology and lead the market with innovation. By sharing resources and capabilities, the two sides will jointly provide consumers with a more intelligent and convenient life travel experience.

Thank you for your attention and support to Meizu. Welcome to the Meizu Authorized Experience Store to experience the intelligent charm of Meizu 20 series flagship mobile phones and Lynk & Co 08 car borderless interconnection.

The Autohome Fuzhou Promotion Channel brings you the latest good news. The much-watched models are undergoing an unprecedented price reduction promotion in Fuzhou. It is understood that car buyers can currently enjoy up to 30,000 cash discounts, making the already cost-effective Beijing BJ60 more attractive in the Fuzhou market. The starting price has been reduced to 209,800, which undoubtedly provides consumers with better car purchase options. To seize this opportunity to get more detailed discount information and real-time pickup prices, please click the "Check Car Price" button in the quotation form to make the benefits at your fingertips.

The exterior design of the Beijing BJ60 is full of power and exquisite details. Its front face is uniquely designed, with a large area of chrome-plated grille, which is like the tusks of a beast, showing a powerful and mighty temperament. The grid-like design of the air intake grille not only enhances the visual impact of the vehicle, but also optimizes the aerodynamic performance. The body lines are smooth, and the overall style combines the dual elements of hard off-road and modern urban, showing the unique design language of the BJ60. The body proportions are coordinated, the roof lines are flat, and the tail design is simple and powerful, all of which reflect the extraordinary aura of the BJ60.

Beijing BJ60 outlines a tough body profile with elegant side lines. Its body size is 5040mm x 1955mm x 1925mm, and the wheelbase reaches 2820mm, making the body proportionally coordinated and spacious. The front and rear wheel tracks are 1620mm and 1640mm respectively, ensuring good driving stability. In terms of tire specifications, the front and rear are equipped with 265/65 R18 tires, which are combined with the delicate wheel design, not only strengthen the visual effect, but also provide a solid grip.

The interior design of the Beijing BJ60 is luxurious and exquisite, dominated by the classic Nordic style, creating a spacious and comfortable driving space. The steering wheel is made of genuine leather, which feels delicate and supports manual up, down and back adjustment to ensure that the driver can find the ideal position in different driving conditions. The 12.8-inch large-size central control screen stands on the center console, which not only displays clear information, but also has an automatic speech recognition control system, which is convenient for the driver to operate multimedia functions.

In the seat part, the seat made of imitation leather is comfortable to sit on. The main driver’s seat provides functions such as front and rear adjustment, backrest adjustment, high and low adjustment (4 directions), leg rest adjustment and waist support (4 directions). It supports heating, ventilation and massage, making long-distance driving more comfortable. The driver’s seat also has a power seat memory function, which adds convenience and personalized experience. The passenger seat also has a variety of adjustment functions, including front and rear, backrest, high and low adjustment (2 directions) and waist support (4 directions). The second row of seats supports backrest adjustment and has high space utilization, while the rear seats are designed with a proportional reclining design, providing flexible loading space. The overall interior design fully considers humanization and practicality, and aims to provide users with an excellent riding experience.

For the Beijing BJ60 model, it is equipped with a 2.0T turbocharged engine with a maximum power of 120 kilowatts, equivalent to 163 horsepower, providing a strong power output. This engine is matched with an 8-speed automatic transmission, ensuring a smooth driving experience and good fuel economy. The maximum torque is 400 Nm, providing ample torque support for the vehicle, whether it is urban driving or off-road scenarios can be easily handled.

Among the many choices, the Autohome owner finally chose the Beijing BJ60, which won his favor with its spacious interior space, strong power output and satisfactory exterior design. The owner particularly emphasized the excellent off-road performance of the BJ60, whether it is snowy mountain roads or complex road conditions, it can be easily handled, and it has become the focus of attention during driving. In addition, he is also very satisfied with the after-sales services of the 4S shop, and the problems can be solved in time, which undoubtedly increases his trust and satisfaction in the Beijing BJ60. To sum up, the Beijing BJ60 has become the ideal car choice for car owners with its high cost performance and excellent performance.

In the fierce competition in the automotive market, Ford (Photo | Configuration | Inquiry) has always occupied a place with its unique charm and excellent quality. Now, the 2025 Ford Mondeo is on the market with a new attitude and a number of upgrades, once again becoming the focus of attention.

The 2025 Ford Mondeo continues the family’s classic style in the exterior design, while incorporating more fashionable and dynamic elements. The big mouth grid is still eye-catching, the sharp headlights are unforgettable, and the new "purple rhyme gray" paint color is more elegant. The body line is smooth and natural, and the slippery back shape with black painted windows, roof and exterior mirrors, and hidden door handle design is not only full of sports, but also shows a high-end texture. The three-stage lamp post at the rear adds a unique recognition. The length, width and height of the standard version are 4935x1875x1500 mm, and the wheelbase is 2945 mm; the length, width and height of the sports version are 4920x1920x1600 mm, and the wheelbase is also 2945 mm. The spacious interior space provides comfortable enjoyment for drivers and passengers.

Entering the car, the 1.1-meter-long connected screen design is still the biggest highlight, extending from the main driver to the co-pilot, bringing a very shocking visual effect. The interior color scheme adds light gray/purple black, competitive black and red and other options to further meet the personalized needs of consumers. The materials used in the car are basically leather soft bags, and suture treatment is added, showing the quality and grade in the details. Full LCD instrument and large-size central control screen, with Qualcomm Snapdragon 820a chip and new carbit interconnection function, make the operation smoother and more convenient, full of intelligent technology.

In terms of power, the 2025 Ford Mondeo offers a wealth of choices. The 1.5t gasoline engine has a maximum power of 140 kW and a peak torque of 258 Nm; the 2.0t gasoline engine has a maximum power of 187 kW and a peak torque of 393 Nm, all matched with an 8-speed automatic transmission, bringing strong power output and smooth driving experience to the driver. In addition, the new Mondeo also adds a 1.5t hybrid Suya type, which is equipped with a 1.5t hybrid of 153 kW, matched with an e-cvt gearbox, and the wltc comprehensive fuel consumption is only 4.56l/100km, providing both fuel economy and power performance.

In terms of configuration, the whole system comes standard with Ford Pie remote interconnection function, which supports practical functions such as remote viewing of vehicle condition, remote opening and closing of engine, vehicle positioning, and honking to find the car. Sports steering wheel, rear air conditioner out of trend, activated carbon air filtration system, voice interactive control system, vehicle 4g network hotspot, keyless entry, electronic, automatic parking, and active braking system after pib collision are all available, providing all-round convenience and safety for drivers and passengers.

The launch of the 2025 Ford Mondeo is not only an optimization and upgrade of the previous model, but also another breakthrough for Ford in technological innovation and user experience. It sets a new benchmark for the mid-sized sedan market with more competitive prices, better design, more advanced technology and more efficient power system. Whether it is the pursuit of fashionable appearance, comfortable interior, or consumers who pay attention to power performance and fuel economy, they can find the ideal choice to meet their needs in the 2025 Ford Mondeo. On the road in the future, the 2025 Ford Mondeo will accompany owners to start more exciting driving journeys with its excellent quality and excellent performance, and continue to write the glorious chapter of the Ford Mondeo. Let’s look forward to its outstanding performance in the market and becoming a trusted choice for more consumers.

　　Red Star Capital Bureau news on November 2nd, 1st, some netizens broke the news in Maimai that NIO (09866.HK/NIO.US) started layoffs, ranging from 10% to 20%, involving multiple departments and positions. Employees certified as NIO Technology (Anhui) Co., Ltd. also confirmed the news on Maimai.

　　However, on the afternoon of November 2, the original post was deleted. NIO told the Red Star Capital Bureau that it had not received relevant information. A number of NIO front-line sales and marketing personnel also said that they had not heard of any layoffs.

　　NIO is hard to break "20,000 car spell"

　　On November 1, car companies disclosed sales in October. Li Auto (02015.HK/LI.US) has sold more than 40,000 vehicles a month; XPeng Motors (09868.HK/XPEV.US), which was once at the bottom, reversed the decline and broke through the 20,000 mark; AITO asked the single model to deliver more than 10,000 vehicles a month, holding 80,000 orders menacing; Zero car (09863.HK), extreme krypton cars have also set a monthly delivery record.

　　NIO delivered 16,000 vehicles in October, an increase of 2.77% month-on-month, still failing to reach the 20,000 mark. Li Bin, chairperson of NIO, previously announced: "Confident that sales will achieve 20,000 vehicles in a single month in the second half of the year". From January to October, NIO delivered a total of 126,000 new vehicles, and the annual delivery target (245,000 vehicles) was just over half.

　　In April and May, sales fell to more than 6,000 vehicles; at the end of May, the new ES6, known as the "hope of the whole village", began to be delivered, and in June NIO deliveries returned to 10,000 vehicles; on June 12, NIO announced a price reduction of 30,000 yuan for all new cars, and deliveries in July soared to 20,000 vehicles; but it fell again in August, and hovered around 16,000 vehicles in September and October.

　　Although there are remedies such as a price reduction of 30,000 yuan and the same price of ET5T and ET5, NIO still cannot escape the "20,000 car curse".

　　26,800 employees in 2022,

　　Over 11.20 billion yuan salary

　　At the end of last year, Li Bin said that "as long as the salary can be issued, it is easy to avoid layoffs." "Maintaining 100% of the people and completing 150% of the work, this should be what we should do."

　　However, in January this year, Li Bin’s letter to all staff mentioned the need to streamline the team. The letter pointed out that the team will continue to expand in 2022, but there are many cases of unclear responsibilities, inconsistent goals, imperfect processes, and repeated construction, and there is still much room for improvement in efficiency.

　　The 2022 annual report shows that NIO has 26,800 employees, ideally 19,400 employees, and Xiaopeng has 15,800 employees.

　　NIO paid more than 11.20 billion yuan in employee compensation in 2022, and if it layoffs 10% -20%, it can save about 11.2-22 40 million yuan.

　　As of June 30 this year, NIO’s cash reserves were 31.50 billion yuan, a decrease of 6.30 billion yuan from the first quarter. In July, NIO completed a $738.50 million strategic equity investment from Abu Dhabi investment institutions. On September 19, NIO announced its intention to issue a $1 billion convertible senior bond.

　　NIO’s material cash requirements due within one year, which mainly include capital commitments, operating and finance lease commitments, short-term and long-term bank borrowings, convertible bonds, and asset-backed securities and bonds, are $19.708 billion.

　　Self-developed chips, operating systems, mobile phones, batteries,

　　"All of it" is expensive

　　In the second quarter, NIO’s net loss was 6.056 billion yuan. According to the delivery volume of 54,600 vehicles in the first half of the year, NIO sold an average car at a loss of 200,000 yuan; the overall gross profit margin fell to 1%, 1.5% in the first quarter, and 13% in the same period last year. Li Bin postponed the break-even date from the fourth quarter of this year by less than one year.

　　In the third quarter, NIO’s sales increased by 135.74% to 55,400 vehicles, but the performance is not optimistic. Although NIO cancelled the free power exchange and reduced the owner’s rights, the remaining expenses are all "hard bones".

　　R & D investment cannot be saved. Smart cars are all about technology, and car companies are not hesitant to invest. NIO’s R & D expenses in the second quarter reached 3.345 billion yuan. Li Bin previously said that the average R & D expenses per quarter in 2023 will remain at 3 billion – 3.50 billion yuan.

　　Supplementary energy system also need to increase investment, which is the core competitiveness of NIO. NIO plans to build a total of more than 2,300 substation in 2023, according to the second generation station 150-2 million yuan construction cost calculation, to invest at least 3.45 billion yuan.

　　Service-related expenses are difficult to reduce. NIO’s positioning is a "user-based enterprise", and the ultimate service is the core of the brand and the competitiveness of differentiation.

　　"NIO wants everything, the stall is too big," Hao Liu, an independent automotive analyst, told Red Star Capital.

　　NIO’s self-developed chip "Yang Jian" was mass-produced in October, with a chip research and development team of 800 people; self-developed vehicle global operating system Tianshu SkyOS; NIO is currently the only new car manufacturer with a self-built mobile phone team, and NIO Phone has been listed.

　　Previously, NIO was also exposed to develop lithium manganese iron phosphate and 4680 batteries, and plans to mass-produce these two batteries to supply NIO (NIO) and its sub-brand Alps.

　　Li Bin mentioned in the third quarter of 2022 earnings call that NIO expects to invest 3 billion-4 billion yuan in sub-brands, batteries, chips, mobile phones and other related businesses in 2023, and will not stop investing in new businesses before the fourth quarter of 2023.

　　Will NIO be China’s future automaker?

　　According to data from the Passenger Federation, the number of passenger car companies in China was 82 by the end of 2022, and 64 by September 2023, a decrease of 18 in nine months.

　　The collapse of Weimar Automobile has sounded the alarm for the industry. Although the official denied the rumors that Chairperson Shen Hui ran overseas, saying that the company is actively saving itself and has not filed for bankruptcy, the fact is that Weimar Automobile has fallen behind in sales since 2022, selling one at a loss, financing difficulties, and the capital chain is broken.

　　Wang Xing, Meituan’s founder, predicted in early 2020: "China’s car companies are basically competing for the next two rounds of the ‘3 + 3 + 3 ‘competition. In addition to three central enterprises, three local state-owned enterprises and three private enterprises, the three new forces are Ideal, NIO and Xiaopeng."

　　This pattern may change, but it is an industry consensus that the number of Chinese automakers will be limited in the future.

　　At the 2023 China Automobile Chongqing Forum, Yin Tongyue, chairperson of Chery Automobile, Ding Lei, chairperson of Gaohe Automobile, Zhu Jiangming, chairperson of Zero Run Automobile, Ma Donghui, president of Li Auto, Yu Chengdong, executive director of Huawei, and Shen Feng, executive vice president of NIO, expressed their views on the future industry structure. They believe that there will be less than 10 Chinese car companies in the future, and maybe even less than or equal to 5.

　　The industry generally believes that 2024 will be the year of life and death for the auto market. Li Bin also said in late 2022 that 2024 is the final stage of the new energy vehicle industry. "We believe we have the qualification to participate in the finals."