Evergrande faces the risk of production suspension; GAC Mitsubishi responded to delisting rumors; The new lectra 05 goes on sale.

1. Evergrande Automobile announced that it may have the risk of production suspension.

The thunder of Evergrande Real Estate has not been discharged yet, and Evergrande Automobile will explode again! A few days ago, Evergrande Motor announced on the Hong Kong Stock Exchange that the company’s first production car, Hengchi 5, is in continuous mass production and has delivered more than 900 vehicles. However, Evergrande Automobile also stated in the announcement that the capital chain of Evergrande Automobile is now facing great difficulties. Without sufficient sales and cash as support, Evergrande Automobile will not be able to guarantee continuous mass production. In this regard, Evergrande hopes to seek a financing of more than 29 billion yuan in the future. The key question now is, who will provide this financing to Evergrande? Previous announcements showed that as of December 31, 2021, Evergrande’s total assets were 59.521 billion yuan and its total liabilities were 58.83 billion yuan, which was on the verge of insolvency. Although Evergrande has received tens of billions of capital injections in 2022, the real estate business owned by Evergrande still faces huge losses, and the overall financial situation of Evergrande is still struggling.

This announcement implicitly indicates that if financing exceeding RMB 29 billion can be found in the future, Evergrande can still stick to it-it plans to launch a number of flagship models and hopes to achieve mass production. Under this plan, the accumulated leveraged cash flow from 2023 to 2026 is expected to reach between RMB 7 billion and RMB 5 billion. However, "all the above financial forecasts are based on the management statements in 2021, which depend on many assumptions and preconditions, and there are many uncertainties. The company cannot guarantee to achieve operating results according to the above forecasts." To put it bluntly, even with this financing of 29 billion yuan, Evergrande cannot guarantee that "the planned flagship models will be successfully mass-produced". Even if a number of flagship models planned to be launched can be "mass-produced" normally, the cash flow of Evergrande will remain between-7 billion and-5 billion yuan in the next three years, which is far from turning losses into profits. And many uncertainties are likely to lead to this 29 billion yuan finally hit Shui Piao.

2. GAC Mitsubishi responded to rumors of withdrawing from the China market.

Earlier, it was reported that GAC Mitsubishi would sell its Changsha factory to produce electric vehicles of GAC Ai ‘an, and the Mitsubishi brand would withdraw from the China market. Some media said that the decision to terminate the operation of GAC Mitsubishi was initiated by GAC. GAC Mitsubishi continued to lose money for many years, and its asset-liability ratio closely followed GAC Fick, which had closed down. Although the continuous blood transfusion by Chinese and Japanese shareholders can help GAC Mitsubishi solve the current problems, it is difficult for GAC Mitsubishi to keep up with the changes in the China market in the longer term. In response to the above rumors, GAC Mitsubishi officially responded that GAC Mitsubishi is operating normally, Mitsubishi has not quit, and the factory is operating normally.

Although GAC Mitsubishi has refuted the rumors of delisting, its current situation is indeed very embarrassing. Since 2019, GAC Mitsubishi has been falling for several years. The data shows that from 2019 to 2021, the sales volume was 133,000, 75,000 and 66,000 respectively, down by 7.64%, 43.62% and 11.99% respectively. After entering 2022, the situation of GAC Mitsubishi has become more critical, with annual sales of only 33,600 vehicles, down 49.13% year-on-year. In February this year, the sales volume of GAC Mitsubishi decreased by 90.91% year-on-year, with only 330 vehicles, and the cumulative sales volume in January and February decreased by 79.86% year-on-year to 1,498 vehicles. For GAC Group, GAC Mitsubishi is now like a "drag bottle", which occupies the production line and cannot create enough value. It is not impossible to let GAC Mitsubishi leave the market like "cutting off" GAC Fick. ????

3. The European Union intends to allow the use of synthetic methanol fuel, and the fuel truck has a way out?

Originally, after months of negotiations, the European Parliament passed the "Prohibition of Combustion Bill" last year. The original plan bill will take effect after being submitted to the European Council for approval. However, the German Ministry of Transport raised an objection at the last minute before it took effect, and joined forces with Italy and some Eastern European countries to exercise the veto power, which led to the temporary suspension of the bill. In order to resolve the differences with Germany in phasing out internal combustion engine vehicles, the European Commission has drafted a plan to allow fuel vehicles in the EU to use e-fuel (environmentally friendly synthetic methanol fuel) after 2035.

According to the draft, such vehicles must adopt technologies that cannot be driven when using other fuels, and vehicles are not allowed to start when fossil fuels such as gasoline and diesel are added. As the king of the era of fuel vehicles, Germany has to strive for a chance for fuel vehicles. Therefore, foreign media believe that the EU is looking for a compromise to convince Germany by allowing the use of e-fuel.

4. Contemporary Amperex Technology Co., Limited Kirin battery realizes mass production.

According to domestic media reports, Contemporary Amperex Technology Co., Limited Kirin battery has been mass-produced, which means that the battery will be put into the market soon. According to the official introduction, under the same chemical system and the same battery pack size, the power of Kirin battery pack can be increased by 13% compared with the 4680 cylindrical battery system.

At present, Contemporary Amperex Technology Co., Limited Kirin Battery has reached supporting cooperation with many automobile brands. As the first model of global mass production of Kirin battery, Kyk 009 is expected to be delivered in the second quarter of this year. After Krypton 009, Krypton 001 will become the world’s first mass-produced vehicle with Kirin battery with a pure battery life of more than 1,000 kilometers. In addition, the new AITO series models and the Aouita automobile jointly built by Changan Automobile, Huawei and Contemporary Amperex Technology Co., Limited will also be fully equipped with Kirin batteries.

5. Great Wall Euler and Salon brands have been integrated.

Great Wall Motor officially announced the formal integration of Salon and Euler, two new energy automobile brands. The first model of Salon brand, Mechelon, will be displayed in Euler APP, and the Mechelon area in the APP will also be launched together. Salon is the sixth automobile brand of Great Wall Motor and the second new energy automobile brand after Euler. The two brands will focus on the pure electricity market, with Wen Fei as the CEO of Salon and Euler.

According to previous news, Salon Mechanon will launch regular, reloaded and first limited edition models, among which the limited edition models have been listed at Guangzhou International Auto Show in 2021, and the official suggested retail price is 488,000 yuan. As for other models, the specific time has not yet been listed. The entry of Mechanosaurus into the Euler APP community seems to mean that this car will release more news.

6. Starting from 186,800 yuan, the new Lingke 05 family went on the market.

The new Lectra 05 family went on sale, among which three models were launched, with the price range of 186.8-21.28 million yuan; The price of Lingke 05+ is 236,800 yuan; The price of LECK 05 EM-P (mixed version) is 227,800 yuan. The appearance changes are mainly in details. The front grille of "Metropolitan Space" is replaced in the whole department, and the LED front fog lights are cancelled. A rear view camera for NOA driver assistance service was added to the brand logo of the trunk lid, and the original reversing image camera was moved to the rear bumper.

The interior continued the layout of the old model, the car system was upgraded to 8155 chip, and NOA driving assistance was equipped for the first time (OTA was opened in the later period), and the HMI and AI voice assistant adopted a brand-new design. The plug-in version will also be equipped with DC fast charge and 3.3 kW external discharge.

7. The new Changan UNI-K starts at 154,900 yuan.

The new Changan UNI-K is also on the market, and the price range of four models is 154,900-184,900 yuan. The overall appearance and interior of the new model have not changed much, and the configuration has been optimized to some extent, including parking radar as standard, electric tailgate with induction opening, front seat ventilation/heating, etc.

Some models are also equipped with 3D intelligent assistant, AR full-screen navigation, streaming rearview mirror, facial recognition, fatigue reminder, Iflytek voice interaction, panoramic image+transparent chassis, rest mode, air purification and other functions. Power is equipped with a new generation of Blue Whale 2.0T engine, matched with an 8-speed automatic gearbox from Aisin, and available in two-wheel drive and four-wheel drive versions.

8. Prepare a book for M9? Huawei 600kW Overfilled Pile Exposure

A set of pictures of 600kW super-charged piles independently developed by Huawei were uploaded on the Internet. According to the nameplate information of the charging pile, the charging pile supports the national standard 2015 DC fast charging, with an output voltage range of 200-1000V, a maximum output current of 600A and a maximum output power of 600kW. According to informed sources, Huawei’s charging pile was originally planned to be launched in 2035, but at present, various car companies have launched their own super-charged piles, and Huawei has begun to lay out in advance. This move is also expected to make preparations in advance for the launch of the M9 in the second half of the year.

At present, among the new energy automobile brands that Huawei has empowered, Aouita 11 and Extreme Fox Alfa S support 800V platform, and the maximum charging power is 240kW and 187kW respectively, and the maximum charging power is lower than 600kW. I don’t know whether it will be adapted in the future. Although there is cooperation between Huawei and Cyrus, some time ago, a sudden change began to use "Huawei asks the world" as a propaganda speech. At this time, the launch of Huawei super charging piles may also indicate that Huawei’s layout in car-making is becoming more and more perfect.