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Abby Yuan

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  1. According to foreign media reports, GM told public officials and trade union representatives at the meeting on Tuesday (January 22) that it was in an in-depth dialogue with the state government of Sao Paulo about receiving tax subsidies. A few days ago, GM told workers in a memorandum that it was losing money in Brazil. GM's senior South American managers participated in the meeting with trade union representatives and two mayors of the plant's location. Two officials representing the city where the factory is located disclosed that GM disclosed the discussion of tax subsidies at the meeting.
  2. The third model of Chinese EV startup NIO will be a sedan model dubbed “EP7”, according to local media. The new model is likely to be launched at the NIO Day 2019 based on the routine that the startup always released a new model per NIO Day for the past two years. NIO has so far released two mass-produced models. The first model ES8, hitting the market at NIO Day 2017, is priced between RMB44,800 and RMB548,000 (for the founder's editions). With both front and rear motors, the NIO ES8 delivers 480 kW of power and 840 N·m of torque to all four wheels. This E-powertrain enables the ES8 to accelerate from 0-100 km/h in just 4.4 seconds.
  3. 1. Supply-demand relationship Global Economic Development Generally, when the global economy recovers or prospers, the demand for crude oil will rise, leading to higher oil prices. When the global economy recedes or develops slowly, the demand for crude oil will drop, leading to a drop in oil prices. Crude oil inventory Petroleum as a non-renewable resource uses a little less. Therefore, the adequacy of crude oil supply is also an important factor affecting oil prices. With sufficient crude oil stocks, the pressure of oil supply is relatively small, which will restrain the rise of oil prices. Political and Economic Situation of Oil-producing Countries Geopolitical relations, economic development speed, changes in petroleum refining technology and environmental climate change in Saudi Arabia, Iran and other oil-producing countries will have an impact on the exploitation and refining of crude oil, thus affecting the supply of crude oil. 2. US Dollar Exchange Rate At present, most international crude oil transactions are dominated by US dollar, and the change of US dollar exchange rate also has some influence on crude oil prices. If the dollar depreciates, non-dollar-denominated oil will be relatively cheaper for oil-importing countries other than the United States, which will increase oil imports and thus push up oil prices. For oil-exporting countries, because of the depreciation of the dollar, their incomes will decrease, so they need to push up oil prices (such as reducing oil production) to ensure their incomes. 3 speculative capital Oil is also a kind of futures. The frequent operation of speculative funds in the futures market will also have an impact on the fluctuation of international oil prices. For example, the adjustment of oil prices on January 14, 2019 is due to the reduction of production in major oil-producing countries, such as OPEC and Russia, the slowdown in the trend of increasing U.S. crude oil production, and the rebound in the U.S. stock market also led to the rise in oil prices. In this case, domestic No. 92 gasoline rose 0.08 yuan, 95 gasoline, 0 diesel oil rose 0.09 yuan.
  4. According to Japanese media reports on January 20, local time, a French government delegation has informed Japan that it wants to integrate Renault and Nissan cars, and is likely to belong to the same holding company. After Ghosn's arrest, Nissan and Mitsubishi both removed Ghosn's chairmanship, but Renault did not, just appointed a deputy chief executive. So far, the French government has asked Renault to call a board of directors to replace Ghosn. French Finance Minister Bruno Le Maire said in a newspaper interview that Michelin CEO Jean-Dominique Senard would be a good candidate to lead Renault. "The French government, as a shareholder, has a certain voice," said Le Maire. I can tell you that in the automotive industry, Jean-Dominique Senard has a very competitive and reputable industry. Chongqing Feilongjiangli, as a supplier of automobile parts, has provided matching supply to American and German automobile companies, but has not yet matched Japanese and Korean automobile companies. The future direction is to provide better matching services for American and German automobile companies and join the matching of Japanese and Korean automobile companies as soon as possible.
  5. In February 2018, Xinhua Finance and Economics (XHF), a subsidiary of Xinhua News Agency, published a list of the top 500 global market capitalization companies in 2017. It ranked the listed companies according to their market capitalization (market capitalization = unit stock price * number of shares issued, whichever is the closing data on December 31, 2017). According to the ranking, the top ten companies in the global automotive industry are Toyota Motor and Volkswagen Motor. China's SAIC Group ranks seventh with 57.53 billion US dollars, and the automotive companies from Japan, Germany and the United States, which are the traditional automotive powers, each occupy three seats. As a supplier of automotive parts in China, Feilongjiang Li is proud to learn that SAIC Group is among the top ten automotive companies with market capitalization in 2018.
  6. Geely recently revealed a set of photos of its all-new all-electric sedan model code-named GE11. As the automaker's first BEV model targeting global market, the new model is expected to go on sale in the first quarter this year. According to the published photos, the GE11 adopts a trendy closed-off grille, which is typically used for all-electric models. Both high beam and dipped headlights are integrated into headlamps. The sleek LED daytime running lights coupled with three paralleled light bars look quite futuristic. Besides, on the hood is a protruding U-shaped line that is able to lower the air resistance by directing air to both sides of the vehicle body, therefore elevate the battery range.
  7. Cadillac's sales continue to soar, 19 years can seize the second-tier luxury brand leader? In 2018, Lexus's total sales in China reached 160,468 vehicles, up 20.8% year-on-year, a record high. So far, Lexus ranked second only to Cadillac in the second-tier luxury formation this year. The latter's cumulative sales in China reached 228,000 in 2018, an increase of 31.8% over the same period last year. It is noteworthy that Lexus Smart Hybrid sales reached 49,549 units, up 41.7% year-on-year, a record. Lexus has launched more than 10 vehicles in China. Among them, ES, NX and RX are the most popular models. According to January-November data, ES, NX and RX together account for about 72%. As a auto parts supplier, Chongqing Feilong Jiangli will keep up-to-date information on new information and new energy industries.
  8. According to foreign media reports, French car registrations fell by 15% in December due to a "Yew" protest against French President Emmanuel Macron's economic policies. In December, sales of luxury cars were more pronounced as anti-government activities spread throughout France. When the demonstrations took place on Saturday, the protests led to a 16% drop in retail sales. Because distributors in the French suburbs gathered near traffic circles and shopping malls, protestors blocked traffic and potential consumers preferred to stay at home, which affected car dealers. Porsche's sales in France fell 73% in December, Alfa Romeo's 51% and Audi, BMW and Mercedes-Benz's 39%, 31% and 22% respectively. Sales of Nissan and Jeep brands in France also performed poorly in December, with sales falling by 57% and 45%, respectively. The French Automobile Industry Association (CCFA) said Toyota's new car sales fell 15% to 165,390 units. December has 20 sales days, the same as December 2017. As a auto parts supplier, Chongqing Feilong Jiangli will keep up-to-date information on new information and new energy industries.
  9. Volkswagen purchased 75.1% of Volvo's WirelessCar Vehicle Networking Company for 1.1 billion Swedish kronor. It plans to use WirelessCar's networking technology to help accelerate the development of digital ecosystems and provide comprehensive intelligent networking services in its next generation of cars. At present, WirelessCar has 370 IT employees in its offices in Sweden, North America and China. WirelessCar has its own open smart networking platform, with Jaguar Land Rover, Daimler, Nissan and Volvo as its customers. WirelessCar also develops digital services including concierge services, billing services, security and emergency services. The WirelessCar platform has about 3.5 million Internet-connected cars worldwide through its Internet platform. Volkswagen plans to use WirelessCar's networking technology to help it accelerate the development of digital ecosystems and provide comprehensive intelligent networking services in its next generation of automobiles. Volkswagen also plans to develop value-added services for its customers so that they can access these services through Volkswagen Cloud Platform (VAC). In September 2017, Volkswagen signed an agreement with IBM to jointly develop digital mobile services. As a auto parts supplier, Chongqing Feilong Jiangli will keep up-to-date information on new information and new energy industries
  10. According to foreign media reports, Turkey's economic crisis has had a serious impact on car companies including Ford, Toyota and Fiat Chrysler. After the devaluation of Turkey's Lira, Turkey's new car prices rose, leading to a drop in new car sales by about a third in 2018. New car sales in Turkey fell 34% to 543,231 in the first 11 months of 2018 compared with the same period last year, and fell 42% to 58,204 in the first 11 months of November, according to data from the Association of Automobile Dealers in early December. The Turkish Association of Automobile Manufacturers said that by the end of November 2018, Turkish automobile production had fallen by 8% to 1.43 million vehicles from a year earlier, and export volume was basically the same as last year, to 1.22 million vehicles. It is reported that Turkey attracts many car companies to put into production mainly because of its low production costs, rich resources of skilled and semi-skilled workers, and easy access to the European Union, Eurasia and the Middle East market. Many car companies have localized production in Turkey and provided customized models for the local market. European consumers prefer hatchbacks, while Turkish consumers prefer cars, which account for about half of the local market. As a supplier of automotive parts, Feilong Jiangli is sure to look forward to the recovery of the automotive market, so that parts suppliers can slowly recover.
  11. According to the data of compulsory traffic insurance, in November 2018, the number of license plates of domestic new energy passenger cars was 117,000, up 48.7% from the previous year. In 2018, the total number of vehicles on the market was 627,000. Domestic New Energy Car Market: A00 Class Vehicles have performed well, Chery eQ1 has won the championship again In November, there was a small explosive growth in the number of domestic new energy vehicles. In the pure electric car market, Chery eQ1 won the championship again with 5903 new energy vehicles. Unexpectedly, the major top brands of eQ1 in November came from Tianjin, Guangzhou and Chongqing, which accounted for 28.4% of the total number of top brands. It is also expected that Chery eQ1 will win the championship in Weifang, Jiaozuo, Zhengzhou, Heze, Jining and other third-and fourth-tier cities, which have always had a high number of brands. Among the 5903 brands, only 556 are rented and leased, mainly from Weifang and Chongqing. Personal use accounted for 88.5% of non-operational use. The second is from Jianghuai IEV6E, which is also an A00 model. All the licensed cars are non-commercial, and 57.2% of the licensed cars are from Shandong Province. BYD E5 is still mainly leased, with 88.8% of the listed companies being used for operation, mainly from Shenzhen and Hangzhou. Among the top brands of Beiqi EC series, 3870 come from personal use, and 2390 come from Tianjin. Beiqi's headquarters, Beijing, has only 68 individual cars on the market.
  12. Ford, Toyota, BMW, Subaru, Volvo, Honda and Mercedes-Benz are planning routine shutdowns at their factories, including those in the United States that started after December 21 and are expected to resume production on 2nd,January. Nissan will follow a similar shutdown schedule, but will resume production on 3rd,January. The additional shutdown period of Lansing Grand River Plant will prepare for the new production shift model starting in mid-January. People familiar with the situation said that the Lansing Grand River plant has had two production shifts and plans to cancel one. Although the assembly line operates faster, the body and spray painting will continue to maintain two production shifts. The Lansing plant employs about 1,900 people and has stopped producing ATS cars since June. Production of Cadillac CTS is expected to end in the near future with the commissioning of CT5. Chevrolet Cormelo's sales showed a double-digit decline in 2018. The situation of the whole international automobile industry is not good, leading to the closure or shutdown of most automobile factories. As the largest pump manufacturer in China, Xixia Water Pump and its pump production subsidiary also bear certain pressure. But we have a large customer base and are not affected by it as a whole.
  13. Russian and Chinese scientists have cooperated to increase the capacity of lithium-ion batteries by 15%. According to foreign media reports, lithium-ion batteries are widely used in mobile phones, laptops, pacemakers and electric vehicles. Now scientists are trying to increase battery power while reducing battery size. Russian and Chinese scientists, together with an industrial partner, formed a team that successfully increased the battery's energy capacity by 15%. This time, scientists have successfully improved the efficiency of batteries by adding solid electrolytes to their cathodes. The solid electrolyte was synthesized by a graduate student at St. Petersburg's Peter the Great Polytechnic University (SPbPU). Compared with liquid electrolyte, the researchers have successfully used solid electrolyte to increase battery capacity by 15%, which also helps to reduce the weight of the whole product. The battery test was carried out in the laboratory. The battery samples were developed by Joint Innovation Center "Science - Technologies" of ENV, which was founded by China in cooperation with Peter the Great Polytechnic University in St. Petersburg. This news has taken a reassuring pill for the domestic new energy industry, consumers and spare parts enterprises. Feilongjiangli, as one of the components supplying flat electronic pump and temperature control module for new energy vehicles, hopes to make a breakthrough in the whole industry.
  14. SAIC Yu Jingmin: New species must be matched with new retail "With the constant changes of the times and the continuous iteration of technology, automobiles have become the most critical travel link. We think it's very difficult to skip cars in all aspects of future travel. Said Yu Jingmin, deputy general manager of SAIC Passenger Car Company. "All cars should have good hardware first. I quite agree, but it's incomplete. Because we need to consider how to integrate into the real travel scenario to meet the needs of customers. I respect the word "subversion" and dare not say it lightly. What I want to ask is how evolution can not be subverted? Yu Jingmin believes that Internet automobiles are a new species and must be matched by a new retail system. New retail refers to rebuilding the user's journey of using and maintaining cars based on the user's experience, and establishing a new retail service system which covers the whole life cycle of users and is data-driven. Traditional car companies need to break the traditional concepts, upgrade marketing methods, cross-border, and take the initiative to come to our consumers. Real-time online and offline access in the retail system, so that the charm of new species can be generated through services. We should also bring the development of Internet intelligence and scenario into the whole system, exert the power of data, and combine engineering, technology and scenario to truly lead and meet the needs of customers. As an electronic auto parts supplier, Chongqing Feilong Jiangli will keep up-to-date information on new technologies and new energy industries.
  15. Volkswagen CEO Walter Disney said the company may have to accelerate its plans for mass production of electric vehicles to achieve stricter greenhouse gas reduction targets for European cars than expected. Recently, the European Union has agreed to cut car carbon dioxide emissions by 37.5% by 2030, which is stricter than the original EU proposal to reduce carbon dioxide emissions by 30%. EU negotiators also set an interim target of reducing carbon dioxide emissions from cars and trucks by 15% by 2025. Earlier, Germany had warned that stringent emission reduction targets could lead to job losses and damage the automotive industry. Germany is the largest automobile country in the European Union, with automobile output value of about 423 billion euros ($480 billion) in 2017. According to Disney, the 37.5% cut is more than 30% of Volkswagen's plan, so electric vehicle sales will account for more than 40% of Volkswagen's total sales by 2030 to meet emission requirements. As an electronic auto parts supplier, Chongqing Feilong Jiangli will keep up-to-date information on new technologies and new energy industries.
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