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Pony Ma： Tencent focuses on being a connector for the Internet

Speaking at the Mobile Internet sub-forum of the World Internet Conference, Pony Ma, chairperson and chief executive of Tencent, said the company would focus on being a connector to the internet: "Tencent’s advantage is in the communication and social platforms. Now the whole strategy is to return to the essence and be a connector to the internet, connecting not only people but also services and devices."

The following is the content of Pony Ma’s live speech.

It is a great honor to share with you some of my recent thoughts on this industry. Connectivity is very important for us, especially today’s topic of mobile Internet. From PC Internet to mobile Internet, two-way connection between people is becoming more and more important. I would like to take this opportunity to share with you some of my thoughts.

The birth of new features of the Internet

Tencent has been developing for 16 years, China’s Internet has been around for 18 years, and the global Internet is also in its early 20s, making it a very young industry.

Today’s Internet can be said to have grown vigorously in China. At the morning conference, many guests mentioned that China’s development has become increasingly rapid. From a global perspective, four of the top ten Internet companies are from China, including the latest listed Alibaba and JD.com. When they went public, they were among them, which is a very eye-catching achievement.

The Internet has undergone tremendous changes in the past three or four years. From the PC to the mobile Internet, we practitioners feel that the change has been so fast. When we see its inflection point, it is often half a year and a year, and it has suddenly passed. Many traffic, including Tencent, has undergone a rapid transformation in just two or three years, from the original 37 to 73, or even 28 to 82. This is a very big test for our industry, and new characteristics have emerged.

The most obvious feature is that the Internet industry was originally thought to be a new economy, but now everyone thinks it can be combined with various traditional industries. From the field of communications to retail, e-commerce, to entertainment, etc., a natural combination.

It turns out that there are no boundaries at all, such as finance, transportation, and many life services, such as clothing, food, housing, and transportation. Even taxi-hailing is linked to the mobile Internet, and a taxi-hailing company with a large market value has grown up.

In the past, Chinese and American Internet companies at home and abroad were often concentrated in a few giants. Now we see that many medium and large enterprises have begun to thrive in various fields, not limited to the original search, social networking, communications, and e-commerce. These traditional sectors, we see that each segment has grown into a relatively large industry leader. This is a big change I have seen.

Return to the essence of being a connector

For Tencent, we made a profit earlier in China. We made a profit in 2004. We went public on the main board in Hong Kong and had a three-year profit requirement. Because we operated online games very early, we had a lot of profits. We took some detours in the past, because we had profits, we found too many opportunities, and we went into many fields.

In the past six months and a year, we have undergone a lot of changes. We have found that the company’s best advantage is still concentrated on communication and social networking platforms, and our entire strategy has undergone great changes. We have partnered with Sohu for the search business and JD.com for the e-commerce business. We have returned to the most essential thing is to make connectors. Especially in the mobile Internet, we see new hope. It turns out that when you are on a PC, you will find it very difficult. Communication and social networking are only part of people’s lives, but in the mobile Internet, communication has great potential. Mobile phones are a natural communication tool, and a large number of opportunities to provide underlying services through communication and social networking have been born. This was not available in the PC era. Just open the browser in the PC era. But in the mobile Internet, we have people, contacts, and know his social network, in fact, a lot of bottom-level work can be done.

So we have a new repositioning, which is to be connectors. We hope to connect not only people, but also services and devices.

Our QQ present on all major platforms now has 820 million monthly active accounts, with an average daily message volume of 15 billion. On mobile phones, QQ has also made rapid progress. Active accounts in 542 million, with an average daily message volume of 10 billion. WeChat and WeChat are 468 million in one monthly active account. We feel that WeChat is a lot in first-tier cities. QQ and mobile QQ are very important platforms from the second, third and fourth lines to rural areas, and their growth is very fast. Get rid of the past PC era. Everyone only had two hours of online time. At that time, QQ went up as soon as they surfed the Internet, and it was turned off when they closed the network. Basically, QQ’s time is his total time. Now there is actually no concept of online, which will produce many new differences.

The second is service. In WeChat, we have introduced the system of public accounts and service accounts for the first time in an innovative way. In the past, it was hard to imagine that this could be done in the PC era. Through this service account, many services and merchants are connected, including his media, self-media people, and even the operator’s business hall. Banks can use this connection. There is no website, no website, and people can be easily connected. A lot of information and services can be forwarded and shared to one person, or a group, or even to all people in a fragmented manner. In social networks, it can be quickly reversed. This does not require a domain name, a website, or anything complicated at all. It can produce such a magical effect, and everyone circulates very quickly. This is a scenario we haven’t seen in the past few years. We feel like this is a prototype for a connected service, and there’s a lot more that could evolve.

The next step is to try to make connected devices. The device has just started. WeChat has a hardware platform and QQ IoT solutions, including in-car and other partners to launch car-connected solutions. These are early days. We feel that there are still many things that can be done, and it is impossible for us to do it alone. We must need partners to work together to realize such a great idea.

Open cooperation to cultivate an intellectual property ecosystem

For Tencent, the second principle is openness. We give a lot of non-core business to partners, and we cooperate with them. Our ecosystem is a more open ecosystem. We provide underlying communication, user authentication, or storage, or distribution platforms, or some transaction payment platforms based on this. We cooperate with partners in many vertical fields.

We see that more than three years ago, many companies proposed to open up, but looking back, Tencent still has some preliminary achievements in many businesses, including 5 million entrepreneurs, we roughly estimate that the valuation of the entire partner can exceed 200 billion.

Based on connectivity, based on openness, what do these partners mainly do? If it is to provide the simplest connection, it is pure pipeline, and I think its value-added services are not enough. For us, we have been in a field for the past 11 years, especially in the field of content, especially online games, we have rooted ourselves.

Facebook doesn’t do games, it does connections. Tencent is a little different. Tencent has gone halfway and has a large number of external developers, but it tries to develop games by itself, so that we can understand what this ecosystem is more suitable for. However, more of our content should not be developed by ourselves, but by our partners. This is a very complex system.

In the 18 years since the development of China’s Internet, it has gone from being completely disorderly and not paying attention to intellectual property rights to now paying more and more attention to intellectual property rights. Although the problem has not been completely solved yet, it has been obviously improving. Only in this way can the entire business model take shape. From video, music, animation, etc., will form an intellectual property ecosystem. This ecosystem cannot be done by only a few companies. It must be open and inclusive, with many partners participating, and a new ecosystem at multiple levels.

sound

In the past six months and a year, we have undergone great changes, cultivating our self-cultivation and returning to our essence.

We partner with Sohu for our search business and JD.com for our e-commerce business. We return to the essence of making connectors.

– Pony Ma, Chairperson and CEO of Tencent

Interview with Li Yapeng： Being Faye Wong’s husband is stressful. Weibo flirting is very romantic

Talking about new films: having a "bed scene" with Xu Jinglei, I think I used to be handsome

　　In the movie version of "Will Love", two school lovers who passed by 13 years ago, Yang Zheng and Wen Hui, reunite for the second time, and perform three completely different love scenes in Beijing, Shanghai and Bordeaux.

　　The Beijing passage is suspenseful, with Yang Zheng peeking through a telescope at Wen Hui, who is bathing in her home. The Shanghai passage revolves around an old classmate party, where two first lovers who broke up decide to embark on a crazy night of "big adventure" because of a "truth or truth" test. The Bordeaux passage is full of romantic lyricism. Yang Zheng and Wen Hui, who has already been married, unexpectedly reunite, only to find that Wen Hui is in the predicament of her husband’s infidelity.

Movie Network: What is your favorite relationship in the movie version of "General Love", and what is the biggest difference between the movie and the TV series version?

Li Yapeng:The movie version of "General Love" tells three different stories, of which the story that took place in Bordeaux, France, impressed me the most. The movie version continues a certain character characteristic of the TV series version of "General Love". Although it still gives up in the end, it has a very beautiful feeling of love, which is what I like very much. The movie version of "General Love" tells the different life stages of these two characters, and there are also images interspersed 13 years ago. This is very interesting, and this kind of creation is not possible in every film.

Movie Network: Due to the promotion of "General Love", you and Xu Jinglei took a group of photos for the magazine, but many netizens think you are pretending to be tender. Do you agree?

Li Yapeng:That is the demand of the magazine, but I think there is no way to pretend to be tender. If we can still "pretend to be tender", it means that we are still good.

Movie Network: After more than 10 years, what do you think is the biggest change between Xu Jinglei and you? Do you still have the feeling of working together again?

Li Yapeng:Everyone has matured, and everyone has lived a wonderful life in the past 10 years, whether it is a director, screenwriter, photographer, stage artist or actor. What makes me particularly happy is that the group of people we used to be has made progress in their respective positions today, and they are all living their lives very seriously. Everyone is still actively facing love, family and work.
　　
　　The audience may think that we have changed a lot in appearance, but in our eyes, you are still the same as you were, and I am still the same as me. In fact, this is the same, so we can always be friends. If we really change, we will no longer be friends today.

Movie Network: After 13 years, has the love between you and Xu Jinglei in the movie been replaced by a more mature passion drama?

Li Yapeng:There are some, but I’m not very clear about the scale and standards of passion scenes. Is it so difficult to get into bed that it’s a bed scene? Yes, but it’s not embarrassing to act. This is the basic quality of an actor.

Movie Network: At that time, Yang Zheng, who had "long hair fluttering", was popular in the mainland. Now looking back at your role, do you also think Yang Zheng is charming?

Li Yapeng:Today, I feel quite handsome. I feel that I am quite handsome at some point (laughs). In fact, every man is handsome at some point. I have never seen Zhang Yibai’s behind- the-scene before. At that time, everyone of us was full of youth, which was really youthful.
　

BYD Hantang Double Flagship Champion Edition is listed at a price of 209,800-299,800 yuan.

Phoenix Auto News On March 16th, BYD’s Super Press Conference of "Re-creating the Peak on the Peak" was held grandly, and the Han EV Champion Edition and the Tang DM-i Champion Edition unveiled the product lineup. The Han EV Champion Edition launched five models at a price of 20.98-29.98 million yuan, and the Tang DM-i Champion Edition launched three models at a price of 20.98-23.38 million yuan.

At the same time when two new cars went on the market, BYD also announced that it had prepared two worry-free car purchase policies, one worry-free car guarantee, five exclusive VIP services and five Zhilian online services for users who bought two new cars.

BYD Han EV Champion Edition launched a brand-new glacier blue body color, using two core material technologies of BASF, which made the color appear metallic fluidity, and the visual effect was light and pure, which vividly set off the beauty of international fashion design.

In terms of performance, the Chinese EV Champion Edition two-wheel drive comes standard with FSD variable damping suspension system, which can automatically adjust the damping force according to the road surface changes, flexibly adapt to complex and diverse road conditions, effectively filter the bumps caused by different roads, and bring comfortable riding experience. At the same time, it can enhance the driving pleasure of the vehicle.

Four-wheel drive models come standard with DiSus-C intelligent electronically controlled active suspension system, which can achieve millisecond control and response, while taking into account comfort and handling stability, greatly improving the sense of driving quality. In addition, the Han EV Champion Edition comes standard with aluminum alloy multi-link suspension, which enhances the handling performance of the whole vehicle through mass reduction and brings a comfortable and sporty driving experience.

In terms of configuration, the Han EV Champion Edition comes standard with 5G quick connection, intelligent voice interaction in four-tone area of the whole vehicle, NFC car key of mobile phone, high-efficiency heat pump air conditioner with wide temperature range, electric tailgate, ventilation/heating of main driver’s seat, front heat insulation sound insulation glass+rear black privacy glass; The middle and high-end models will also be equipped with high-end configurations such as steering wheel heating, intelligent fragrance, VTOL mobile power station with maximum power of 6.6kW, BSD blind spot monitoring system and W-HUD head-up display, which will once again enhance the value of BYD’s flagship car.

BYD Tang DM-i Champion Edition brings four advancements, and the new Glacier Blue body color brings advanced appearance, giving users the ultimate aesthetic experience. In terms of driving quality, the Tang DM-i Champion Edition comes standard with FSD variable damping suspension system and aluminum alloy multi-link suspension, and the driving experience is fully upgraded. At the same time, the rim shape of the champion version of DM-i in Tang Dynasty was renewed, and tyre size was upgraded to 255/50 R20, which further enhanced the tire grip and comprehensively enhanced the riding comfort.

In terms of intelligent configuration, the Tang DM-i Champion Edition comes standard with NFC car keys, providing users with various ways of opening and closing. The car machine comes standard with DiLink 4.0 intelligent network connection system, which supports technologies such as 5G quick connection and dual-frequency positioning, and has the advantages of high bandwidth, low delay and large capacity. At the same time, BSD blind spot monitoring and W-HUD head-up display are added to make the active safety configuration more comprehensive.

In addition, the Tang DM-i Champion Edition has a maximum of 40kW dual-port fast charging, and the charging time of 30%-80%SOC is shortened to 22 minutes, and there is also a HiFi-class Dana audio, which brings the music quality of the palace. Intelligent voice interaction in the four-tone area of the whole vehicle, VTOL mobile power station (6.6kW), intelligent electric tailgate, ventilation/heating of the driver’s/driver’s seat, front heat insulation sound insulation glass and black privacy glass in the rear are all standard, bringing users a more comprehensive and comfortable travel experience.

Under the guidance of the national policy of expanding domestic demand and promoting consumption, BYD officially started the Han and Tang Dynasties to accelerate the sprint of millions of sales based on the strategy of the same price of oil and electricity, leading the process of popularizing brand new energy in China! With the launch of the Han and Tang Dynasties’ Double Flagship Champion Edition, the Han DM-i and Han DM-p models on sale simultaneously started the "One Million Acceleration Han Ran Heart Time Limit Courtesy", and enjoyed a cash subsidy of 10,000 yuan before April 30, bringing super rich car purchase courtesy with sincerity, and rushing to the milestone of one million sales together with consumers.

Live broadcast： A conference to celebrate the successful manned space flight of Shenzhou VII.

　　　　　　At 10:00 a.m. on Friday, November 7, the CPC Central Committee, the State Council and the Central Military Commission held a meeting in the Great Hall of the People to celebrate the successful manned space flight of Shenzhou VII. The first, fourth and ninth CCTV programs and news channels, Spanish channels and French channels broadcast the relevant information live. CCTV. com broadcast live video and pictures to the celebration meeting.

Wild camping artifact! The Second Artillery of Great Wall Artillery was sold at 184,000 yuan.

"Life is not just about the present, but also about poetry and distant fields. You came into the world with your bare hands, desperate to find Na Pianhai ",this lyric comes from a singer’s work that Uncle Che likes very much, Xu Wei’s" Life is more than just the present ". If you want to go far away, do you have to have a reliable off-road vehicle? Isn’t it more perfect if the off-road vehicle can be combined with the RV? The Great Wall understands the public’s ideas better, so it launched the Second Artillery of the Great Wall (parameter picture).

The Second Artillery of the Great Wall Gun is made of the chassis of the passenger version of the Great Wall Gun, and many camping facilities are added on the basis of the original Great Wall Gun, which is very practical. What makes the fans who love pickup trucks even more happy is that the Second Artillery of the Great Wall Cannon not only meets the national six emission standards, but also can go on the road by hanging a blue card. In addition, the Second Artillery of the Great Wall Cannon belongs to the "small car procedure", so it has the same road rights as the passenger car. The retirement period is extended to 30 years, and the problems of urban restrictions and high-speed speed speed limit of pickup trucks are solved.

In terms of power, the Second Artillery of the Great Wall Gun is equipped with a 2.0T gasoline turbocharged engine, matched with ZF 8AT gearbox, with a maximum horsepower of 190 horsepower and a peak torque of 360Nm between 1800 and 3600, and equipped with part-time 4wd system.

The multifunctional integrated equipment cabin is simple and practical. It comes standard with a full-size spare tire and a back ladder, and can also be equipped with a car refrigerator, a generator and solar panels according to individual needs.

Does such a powerful pickup truck RV, which integrates off-road and traveling, win your heart? Uncle Che thinks that having such a multifunctional car will really bring great confidence to travel, and the official starting price of 184,000 yuan is really sincere. What do you think of this car?

Beijing Auto Show ｜ BYD Qin L Real Shot

On April 25,The new model Qin L was officially released.It will form a two-car pattern with Qin PLUS and sell it on the same network.. The interior design of this car is inspired by the traditional culture of China, adopting the concept of landscape painting, and integrating modern technology and aesthetics of new national trends.

It is reported that Qin L will be equipped with the fifth-generation DM-i hybrid system, which consists of a 1.5-liter engine and an electric motor. Previously, the information declared by the Ministry of Industry and Information Technology showed that the maximum power of the engine was 74kW, and the driving motor was available in two options: 120kW and 160kW. The car is expected to be listed in the second quarter of this year, and it is expected to be sold at 120,000 yuan.

China version of ＂Raptor＂ domineering Great Wall ＂X cannon＂ interior exposure technology dual screen+new gear handle

Full-size pickup trucks have always been very popular in Europe and America, and large-size, highly comfortable and multifunctional full-size pickup trucks can meet their full scene needs. Whether it is traveling, pulling goods or daily transportation, pickup trucks can all be "competent". It can be said that a pickup truck is in hand and the basic life is worry-free.

Perhaps it is for this reason that Cybertruck caused widespread concern after its appearance. The pure electric pickup F-150 Lightning exploded directly after its listing, which was highly sought after by American consumers.

In the domestic market, fans’ attention to full-size pickup trucks has been escalating. From the beginning, domestic pickup trucks have been constantly refreshing their performance and comfort. At the Shanghai Auto Show, the family’s first full-size pickup truck "X Gun" was unveiled, focusing on the eyes in the circle. Recently, this model has ushered in new news. The interior of this model is exposed, rich in configuration and more luxurious than the Raptor.

Judging from the exposed interior pictures, the "X Gun" uses a matching color scheme of milky white and brown in the interior, and the interior is covered with a large area of leather, which looks more luxurious than ordinary luxury models. Moreover, the internal brown material is made of woven workmanship, which is unique and the stitching is very fine, which enhances the texture and luxury of the whole car. If you only look at the interior, most people will not think that this is the interior of a pickup truck, and it may be directly positioned in the interior of a large luxury car.

At the same time, the scientific and technological equipment inside the "X gun" is not backward at all. The new car adopts a new style of suspended LCD instrument panel and a large-size central control display screen. Now, it is ahead of the industry in terms of intelligence. In mass production models, it will be equipped with a highly intelligent car system, which can realize multiple online operations, including navigation, voice, entertainment, etc. It can be said that it does not fall in the wind in creating a sense of science and technology.

Moreover, the "X gun" adopts a brand-new style of gear handle, plus a piano paint-painted decorative board, as well as a steering wheel wrapped in white leather and seat headrests on both sides decorated with LOGO embroidery, which is simply a luxurious moving space.

In terms of power, the car applied the latest 3.0-liter V6 twin-turbo engine to this "big guy" and matched the 9-speed automatic manual transmission. It can be said that this power system is very competitive, at least, in the domestic pickup truck models, it definitely belongs to the strong inner core. Chassis, the car is equipped with front and rear double wishbone independent air suspension, this set of "luxury" equipment is full, directly raising the level of "X gun". Moreover, the new car will also be equipped with an all-terrain recognition feedback system, which will make it easy to cross mountains and rivers, and the off-road ability is strong.

Ghost fighting car view: In the past, all the full-size pickups running on the streets in China were imported, such as, and so on. However, now, cars are constantly introducing high-end new products in pickup trucks. This "X gun" is very exciting, showing new heights in luxury, performance and design, and the domestic version of "Raptor" will soon appear. So, what do fans think of this model? Leave a message for Ghost Brother.

BYD Qin, who caught fire, has nothing to do with the blade battery, but it has something to do with corporate conscience.

On November 23, some netizens broke the news that a BYD Qin Pro EV caught fire in an underground parking lot in Beijing, and there was no serious explosion at the scene. However, through the comments made by the owner on social media, it can be seen that the scene at that time was very horrible and almost threatened the life of his family.

Strangely, after this incident, many media were washing the floor for BYD. After reading it, I probably learned that I was telling everyone that although BYD Qin Pro EV caught fire this time, it was not a blade battery.

As we all know, around July this year, BYD announced that it would use blade batteries in all directions, which means that at present, the batteries on electric vehicles under BYD brand have all used blade batteries.

Blade battery can also be regarded as BYD’s bottom line in the field of electric vehicles. If there is a problem with the blade battery, it will be a disaster for BYD.

That’s why it happened. When BYD’s car caught fire, a lot of media came out to wash the floor for BYD. Most of the comments pointed out that this car was not equipped with blade batteries.

A fire is a fire. Anyway, this is a BYD.

For any brand, it is a very irresponsible attitude to start shirking responsibility once there is a problem. BYD, as the first independent automobile brand in China to set foot in the electric field, has good research and development capabilities and technical reserves. The vehicle that caught fire this time was indeed listed in March 2019, but it does not mean that BYD has reason to shirk responsibility.

At that time, this BYD Qin ProEV was equipped with ternary lithium battery. As we all know, the battery density of ternary lithium battery is about 70% higher than that of Ferrous lithium phosphate, and BYD had to give up lithium iron phosphate battery at that time for various reasons.

In fact, as early as the first generation of BYD Tang, we can see that BYD has actually realized the disadvantages of lithium iron phosphate battery. The first generation of BYD Tang, which was listed in 2015, was equipped with lithium iron phosphate battery, and its curb weight reached 2.22 tons. In fact, its pure electric cruising range is only 60 kilometers, which can be said to be just passing the passing line.

In the modified model of 2017, BYD directly used ternary lithium battery, and the cruising range reached a more ideal 80km, and the top model even reached a pure battery life of 100km. Similarly, in the same period of BYD Song, we also saw BYD’s transition from Ferrous lithium phosphate to ternary lithium battery.

Although BYD now has a blade battery, BYD had no choice but to compromise the use of ternary lithium batteries because of the inherent shortcomings of Ferrous lithium phosphate. However, not all brands were able to control ternary lithium batteries, so the opening scene appeared. BYD Qin Pro EV, which was listed in 2019, caught fire in the underground garage, which almost caused casualties.

The author believes that no matter how to wash the floor, the fire has become an established fact, and any resistance to the facts is powerless. This kind of sophistry is simply untenable.

Judging from the current market performance, BYD’s market sales are gradually improving, which is certainly worthy of recognition. However, enterprises need to take responsibility if they want to get the recognition of users. If they start to argue and start sophistry after problems appear, then this is the beginning of a company’s decline.

At present, although BYD’s sales in the market are increasing, it is worth noting that its sales are mainly below 300,000. In the era when new forces are making cars, it is obviously impossible to achieve higher achievements in the market without high-end products.

According to the financial report in 2020, BYD’s total annual revenue is 156.6 billion yuan, which is quite gorgeous, with an increase of 22.59% year-on-year, but don’t forget that BYD’s business fields are very extensive.

At present, BYD’s business areas are mainly distributed in four major areas, namely, automobile, rail transit, new energy and electronics. From the financial report in 2020, BYD’s revenue in the automobile field is 84 billion yuan, accounting for 53.6% of the total annual revenue. It can be seen that BYD’s current automobile business accounts for half of its revenue, but the profit distribution is unknown.

This year, Li Yunfei, general manager of BYD’s brand and public relations division, revealed at the senior executives’ conference that the average bicycle price of BYD at this stage has reached 151,700 yuan, which is much higher than that of other domestic independent brands. However, considering the financial report and sales volume in 2020, the total revenue of BYD’s auto business segment in 2020 is only 59.862 billion yuan, which is obviously different from the total revenue of 156.6 billion yuan.

It can be seen that BYD’s profit source does not come from the automobile sector, and it can even be boldly predicted that although BYD’s average bicycle price is high, there is a great possibility of not making money. At the same time, BYD still holds state subsidies for new energy vehicles, and its failure to reduce costs may be BYD’s biggest achilles heel.

In fact, BYD’s automobile field actually has a very wide coverage, with two series of passenger cars and commercial vehicles, covering seven conventional fields and four special fields, and our common private cars are only one of these eleven fields, as well as ten fields including taxis, urban public transportation and road transportation.

From this, we can analyze that in 2020, BYD’s total revenue in the automotive sector will be 59.862 billion yuan, which belongs toPassenger cars and non-operation.The revenue in the classification is very likely to be less, and overall BYD’s performance in profitability is relatively poor.

From the fire incident of a product to the current situation of BYD’s whole enterprise, it is not difficult to see that there seems to be a greater risk behind any small problem. This incident tells us that although BYD is booming in the automobile circle, it is an ironclad fact that it relies on other pillar products to maintain the situation. How to achieve positive growth through the automobile sector is what BYD needs to do at present.

BYD Tang EV is about to usher in a new generation, and its battery life has exceeded the 700-kilometer mark! It is expected to be listed in November.

Recently, according to the latest batch of information declared by the Ministry of Industry and Information Technology, it is expected that a brand-new model, Tang EV, will be launched by the end of this year. According to the information declared by the Ministry of Industry and Information Technology, the model will provide two versions of cruising range, 615km and 700km respectively, which will mean that it is likely to become the first independent car company to mass-produce and break through the 700 km mark, and it is expected to be listed in November.

Cash Tang EV

There are many bright spots in the appearance of the new car. According to the information of the released declaration map, the front face of the new car continues the design style of Dragon Face 3.0, and the new Tang EV will adopt a fully enclosed mid-net design, with a large air intake grille under it for heat dissipation, and the fog light areas on both sides adopt a grinning outward design, so the front face of the whole car is more radical than the current one.

In addition, the back of the new Tang EV is designed to be wider and more square, and the new car is more like an MPV in terms of styling. In terms of taillights, the integrated taillight design will be retained. The English logo of "BUILD YOUR DREAM" is highly recognizable below, and a silver chrome-plated strip is used as decoration below, and the exhaust layout also adopts a hidden design. The whole car is more tidy from a visual point of view.

The body size of the new Tang EV is 4900*1950*1725mm, and the wheelbase is 2820mm. The length of the new car is increased by 30mm compared with the cash, which is estimated to be caused by the replacement of the new appearance kit. From the driving experience, the space and cash basically remain unchanged.

In terms of power, the new Tang EV will continue to adopt two models with single-motor layout and dual-motor layout, in which the single-motor layout can reach 700 kilometers and the dual-motor layout can reach 615 kilometers. Both models are equipped with Ferrous lithium phosphate’s blade battery pack, with a maximum battery capacity of 150kWh.

At present, some independent car companies such as GAC and Extreme Fox Alpha have launched new cars with a cruising range of up to 1,000 kilometers. It is reasonable to say that it is not unusual for Tang EV’s cruising range to exceed 700 kilometers. However, most of these new cars with a cruising range of up to 1,000 kilometers are cars, and the mass of Tang EV’s new car is as high as 2440kg, which is even heavier than some current models, but the cruising range still exceeds the 700-kilometer mark. From the perspective of the ratio of vehicle quality and cruising range, Tang EV is more dominant.

Yichang Technology has been investigated by 13 institutions： the company’s main customers in the automobile industry include BYD, Chery Automobile, Zero Run Automobile, GM-Wuling, Tucki and other well

　　() The Record Form of Investor Relations Activities was released on November 21st, and the company was investigated by 13 institutions on November 21st, 2023. The types of institutions are insurance companies, others, fund companies, securities companies and sunshine private equity institutions. Introduction to the main contents of investor relations activities: Questions raised by investors and company responses. The company responded to the questions raised by investors in this field survey:

　　Q: 1. What is the reason for the decline in the company’s performance?

　　A: The company’s sales revenue decline and operating performance loss from January to September 2023 are mainly: the company’s product structure optimization led to a decrease in operating income, and the closure of the TV set business led to an increase in expenses. (1) The company actively optimized some household appliances business and shut down the whole TV business, which led to the decline of the company’s business income from January to September 2023, such as the whole machine and injection parts in the household appliances industry. Cleaning up the assets and personnel of household appliances business increased the related expenses, which in turn led to the decline of the overall gross profit margin and net profit of the company. (2) During the transformation and upgrading of products in downstream industries such as new energy vehicles, medical care and health care, orders have grown considerably and production capacity is being released; As the company actively optimizes and abandons most of the household appliances business, the related fixed costs are heavily shared, and economies of scale cannot be achieved, resulting in a low overall gross profit margin, thus affecting the company’s net profit.

　　Q: 2. How to plan the company’s future product structure, and what is the future business direction?

　　A: The company will focus on developing automobile structural parts business and break through the strategic positioning of developing new energy and medical and health services. In terms of automobiles, the company’s products are interior and exterior parts, lightweight parts and automobile molds. The products in the field of exterior decoration are mainly fenders and bumpers, and the interior decoration includes traditional interior products such as main instrument panel, auxiliary instrument panel, door panel, ABC column, etc. Supported by IML innovative technology, we focus on developing special supporting products such as central control panel and atmosphere light decorative panel, focusing on the ability of automobile interior and exterior decoration assembly. In terms of new energy, the company’s products mainly focus on lightweight interior and exterior decoration of new energy vehicles, thermal management parts of power batteries and portable energy storage. Lightweight products are based on the technology of replacing steel with plastic, and the products are distributed in fenders, rear tailgates, four-door panels and rear side walls. The main products of thermal management parts of power battery are power liquid cooling plate and energy storage structure; Portable energy storage, that is, energy storage power supply. In terms of medical health, the company’s products are mainly medical consumables and medical devices. Focus on medical IVD parts and consumables. In terms of household appliances, the company decided to retire most of the household appliances business and only keep some structural parts business with high added value.

　　Q: 3. What is the proportion of our company’s performance in the home appliance industry in the future? Will it maintain a certain amount?

　　A: In recent years, the company has been shrinking its home appliance business. At the same time, in the third quarter of this year, it decided to intensify its efforts to retire most of the home appliance business and shut down the TV set business. In the future, the company will only retain some structural parts business with high added value. Our main focus is on the development of automobile, new energy, medical and health services.

　　Q: 4. Who are the company’s main customers in automobile? What has been supplied to the cars of the intellectual and intellectual circles?

　　A: The company’s main customers in the automobile industry include (), Chery Automobile, Zero Run Automobile, GM-Wuling, Tucki and other well-known enterprises, and they are matched with well-known customers in Guangzhou Automobile, (), Changan Automobile and other industries through system suppliers. The company has supplied some exterior decoration parts for the cars of Wenjie and Zhijie.

　　Q: 5. What is the company’s order mode for new energy vehicles? What is the current capacity utilization rate?

　　A: The order mode of the company’s new energy vehicles is rolling order production. At present, the company’s Wuhu base has a high capacity utilization rate, especially the spraying line is produced at full capacity, and the capacity and orders of other bases change to a certain extent every month, maintaining the normal production level.

　　Q: 6. What is the company’s fixed increase? When will it be released?

　　A: The company’s issue of shares to specific objects has been approved by the China Securities Regulatory Commission for registration. On July 8, 2023, the company disclosed the Announcement on Obtaining the Approval of Registration from the China Securities Regulatory Commission for the Application of Issuing Shares to Specific Objects on Juchao.com.. The follow-up company will choose the opportunity to complete the distribution work;

　　Details of participating institutions are as follows:

Name of participating unit Category of participating units Name of participants Komatsu fund Fund company Yan shiwen Landscape fund Fund company Bin Sun Guoxin Securities securities company Cao jiacheng Guojin securities securities company Li Yukai, Jiang Ying Shenzhen qianhai Hongfu private placement Sunshine private placement organization Wu Xiaoling Xuanjia private placement Sunshine private placement organization Li Dazhi Zhujiang life insurance insurance company Wang Zhongyang, Zhang Qiang individual other Liuyong, Pan Yuchu, Chen Shi Dachun Fund other Huang jiangying Tianhe investment other Jian Xu Hui Chuang fu Xiang other Cheng sheng Baijia public offering other Chao Huang Abama assets other Hu Xingyu