When it comes to hatchback cars, the Fit is always a topic that cannot be bypassed. The appearance is cool, although the size is small but the space is huge, and it can also play a variety of Sa Qi modification styles, so that the Fit has won the love of many young consumers, and it has also become the first car of many consumers. After the third-generation Fit was launched, the Fit was replaced with a 1.5L Earth Dream engine, and its power performance can be described as a seckill for the same level of models. Coupled with the super-high modifiability, the Fit has since transformed into a "GK5" national supercar. After 15 years of deep cultivation in the Chinese market and a total of three generations of models, on January 11 this year, GAC Honda launched the third-generation mid-term modified Tide Run series of new models. At the same time, the cumulative sales of Fit also exceeded the sales mark of 1 million vehicles at the end of August this year.

After the end of the Q3 quarter of the car market, the Fit became the biggest winner in the sales list of small cars, with 38,240 sold, an increase of 27% month-on-month; the POLO temporarily ranked second with 31,954 units, a decrease of 7% month-on-month. Behind this soaring sales is the unique product strength of the new Fit and the Fit Tide Run series.

The target consumers are gradually getting younger, and young people have a soft spot for Fit

In the context of the shrinking market for small cars, differentiated competition is particularly important, and Fit has used its reputation for supercars in the market to become the myth of "national supercars".

The reason why Fit is popular among young people today is that in addition to its high cost performance and reliable product strength, its strong modification potential is also the incentive for its strength to circle fans. In the playing car circle, Fit is an uncompromising modified Internet celebrity. The lower modification cost has made Fit once synonymous with JDM. In the era of JDM models, Fit can be regarded as a clean current. Youth is about having fun, and driving pleasure is not just 0-100. It can be said that Fit’s creative spirit infects every young person around.

Speaking of the charm of the Fit must start with the engine. The power combination of the 1.5L Earth Dream engine and the CVT gearbox takes into account the needs of power and fuel economy well. At the same time, this 1.5L naturally aspirated engine has an amazing 131 horsepower. This makes this Fit popular with many entry-level modification enthusiasts, and the great modification space makes the Fit famous overnight.

The Tide Run series Fit launched this year maximizes the playability of light modification. The Tide Run version is priced at 88,800 yuan, and the exclusive body color of Sky Blue is added. Compared with the ordinary version, the exclusive kit of the Tide Run series is added. Orange-red decorative strips are added to the front and rear bumpers of the body, which are matched with blackened wheels. The styling design is more sporty and visually impactful. This set of original sports enclosure components is undoubtedly less detours for modification novices. Cool front fog lights, dynamic and cool steering wheels, orange-red sewn seats, a series of configurations highlight the sporty nature of Fit vividly.

The price of the Tide Run + version is 93,800 yuan. On the basis of the Tide Run version, it adds an electric sunroof, an ice blue instrument panel, a leather steering wheel with orange-red wiring, paddle shifters, etc., with the common diffuser device on the rear racing car. In addition to providing a strong visual effect for the impact of the Fit body, it also ensures the stability of the vehicle at high speed. With the "SPORT" logo on the tail, it further strengthens the cool genes of Fit, but also highlights the sport and personality.

In fact, it is not difficult to find that the launch of the Fit Tide Run series must be related to its modification culture. As the first choice for modification in the hatchback field, the Tide Run series can be said to be a trendy and fashionable sports model prepared for young people. Fit’s modification culture can be said to be its essence, thus verifying the important position that modification culture occupies in the hearts of Fit riders. The reason why Fit can achieve such impressive sales results is partly due to its strong product performance, and the other part is undoubtedly due to Fit’s modification culture. Maybe this is the charm of Fit.

Brand marketing activities that best understand young people’s preferences

"Young", "practical", "easy to drive", etc., have been the magic weapons of GAC Honda Fit in the field of small cars for many years. From the appearance of a group of youthful post-90s marketing teams at the Guangzhou Auto Show to the test drive experience, which will become "NO BORDER tide running without boundaries", the new Fit is constantly releasing itself on the way to play with the "Sa" attitude.

At the beginning of this year, it completed the launch conference with a flash flash auto-tune remix-themed video of only 60s. The new Fit not only fits the young consumers better in the model, but also leads the young trend in the marketing form of the conference. Create an attitude that dares to show different personalities, is not bound by routines, and lives a "NO BORDER" borderless attitude.

In 2018 FIT DAY, in order to celebrate the achievement of millions of sales of Fit, the Guangzhou Tower, a landmark building in Guangzhou, held a million fan fun party in the form of FIT Wonderland, creating a cool party feast for Fit owners and Fit fans.

Just as Fit itself conveyed, it provides the best DIY way for young people who "love to play, can play, and are creative" to pursue trends from different dimensions. Behind such a theme activity with the concept of a million-fan fun party is the "Sa NO BORDER" brand spirit that Fit has always been.

Since entering the Chinese market for more than a decade, Fit has always gained insight into the trend of youth, personalization and diversification in the Chinese automobile market, and has become a model for young ethnic marketing. As a young and trendy model that can play, from a group of youthful post-90s employees marketing team at the Guangzhou Auto Show to the new Fit debut, to the test drive experience will become "NO BORDER Tide Run Borderless" tide party, to the 60S online conference, until today’s 2018 FIT DAY Fit Million Fun Party event, Fit is interacting with fans in different ways, playing a variety of different NO BODER gameplay with fans, and also conveying the pursuit of individuality, yearning for freedom and vitality. New values. It is precisely because of the "civilian supercar" like Fit that young people realize that car travel is no longer a distant dream. In the future, I believe that Fit will continue to make progress, play its charm beyond model positioning, and create sales milestones with Fit fans!

As the first choice for young people to buy cars, the price of Fit is 7.38-10 2,800 yuan, which is quite close to the people. It is the peak sales season at the end of the year. Friends who are ready to buy cars can go to the local GAC Honda 4S store to see the car for a test drive. Fit has prepared a surprising preferential price for you, not to be missed!

　　The Ministry of Transport announced today (25) that as of February 28, a total of 222 online car-hailing platform companies across the country have obtained the operating license of the online car-hailing platform, and a total of 3.291 million online car-hailing driver licenses and 1.229 million vehicle transportation licenses have been issued. The online car-hailing platform companies registered a total of 58,000 compliance drivers in February, and 22,000 newly registered compliance vehicles. Among the online car-hailing platform companies with more than 1 million orders in February, the order completion rate according to double compliance was from high to low, respectively, Endao Travel (increased from 79.2% in January to 82.1%), T3 Travel, Cao Cao Travel, Shouqi Car-hailing, Ruqi Chuxing, Didi Chuxing, Meituan Taxi, Wanshun Taxi, Hua Xiaozhu Chuxing (decreased from 16.1% in January to 15.2%).

　　In order to ensure the safety of the lives and property of the general public, take a regular online taxi, on March 19, the "online booking taxi compliance information inquiry service" system has been launched. Log in to the official WeChat official account of the Ministry of Transport, find "online taxi compliance inquiry" in the "service" menu bar, click on it, enter the license plate number of the vehicle to take, you can check the compliance of the car. In the past 6 days, according to monitoring, the number of visits per hour during peak hours has exceeded 100,000 times.

　　According to the relevant regulations of online car-hailing management, compliance online car-hailing driver refers to a driver who has passed the background check, passed the assessment, met the conditions stipulated by the city people’s government, and obtained the "Online Reservation Taxi Driver’s License"; compliance online car-hailing vehicle refers to a vehicle that has installed emergency alarms and other devices, whose technical performance meets the relevant standards of operational safety, is registered as an appointment taxi passenger and has obtained the "Online Reservation Taxi Transport License".

　　Compliance of online car-hailing drivers and vehicles means more secure safety and better service. In order to ensure ride safety and service experience, the Ministry of Transport reminds passengers to choose compliant online car-hailing. (CCTV reporter, Tang Ying)

"This life must drive 318" I believe is the voice of every self-driving travel enthusiast. Compared with planes and high-speed rail, self-driving travel is more full of fun and challenges, enjoying the soul redemption of wilderness outdoors, and wanting to have a comfortable and relaxed journey. It must be a car that takes you to pursue freedom. The name of the dark blue G318 that just appeared some time ago is also from the Sichuan-Tibet Line National Highway 318. According to the official accurate news, the dark blue G318 will be officially listed on June 13.

First of all, when it comes to the appearance, the dark blue G318 is definitely something that people can’t forget at a glance. In everyone’s traditional impression of hard-core off-road vehicles, most of them are square box types, such as the Defender, Mercedes-Benz Big G, tanks, etc. But to be honest, coming out with an off-road vehicle is a square box really makes people a little visual fatigue, but the dark blue G318 is different. It balances the two current hotspots of hard-core and technology at the same time, and is more popular with young people. The chic headlights are combined with a closed front face, and the whole vehicle is based on a square body. Together, it feels like a technological battleship.

The overall proportion of the side of the body is very harmonious. The hidden door handles and raised eyebrow lines on the side add a sense of style while also appearing hard-edged. The whole car is at a balance point of hard style and youth. In terms of size, the length, width and height of the dark blue G318 are 5010 (including external spare tires)/1985/1960 (including spotlight luggage racks) mm, the wheelbase is 2880mm, and the dark blue G318 is positioned as a medium and large SUV. If you look at the size, it is larger than the Equation Leopard Five, Tank 500 and other models. The rear part of the car adopts the style of a more classic external spare tire, and the rear door uses a side door design, which is more convenient for even female users to use. At the same time, the manufacturer also provides original expansion parts, including headlights, luggage racks, etc. The playability of the dark blue G318 is also very high, with 1.6T trailer qualification, 6kW external discharge can easily supply the power demand of 8 tents, making outdoor travel more convenient.

After talking about the appearance, let’s take a look at the interior. The overall design of the interior has exceeded the expectations of the editor. Whether it is the workmanship materials or the embodiment of the sense of technology, it is not inferior to the luxury off-road brand. From the details, the dark blue G318 is equipped with a large-size LCD instrument panel and a 14.6-inch embedded central control screen. Instead of using the shift mechanism such as the button lever that is particularly popular among new forces, it uses a more traditional grip-type shift. At the same time, it also includes four-wheel drive system adjustment buttons. The retention of physical buttons makes the operation more convenient. The design of the central armrest box area is also very chic, and it looks very advanced in technology.

The next thing I want to introduce to you is its power aspect. The dark blue G318 is first equipped with a "super" range extension 2.0 power system. The maximum power of the front and rear drive motors of the dual-motor model is 131 kW and 185 kW respectively. The comprehensive maximum power of the system reaches 316 kW, the peak torque at the wheel end can reach 6200 Nm, and the zero-hundred acceleration reaches 6.3 seconds, which truly realizes "super cool". The long-distance range extension of the dark blue G318 has a feed fuel consumption of as low as 6.3L/100km, and the pure electric battery life in the urban area can reach 190km, truly achieving "super saving". The official certification of the golden bell cover battery achieves zero battery ignition, active safety of the assembly, and passive safety of the assembly. The three major battery safety protection battery packs have a distance from the ground (default 318mm) of 278mm-348mm and greater than 100mm. Embedded safety design and 10 Layer battery bottom protection, truly achieving "super safety".

The dark blue G318 adopts a double fork arm and multi-link suspension structure, which can have better anti-tilt ability of the car body and more comfortable road vibration isolation effect, making the driving texture more comfortable. And the dark blue G318 is also equipped with air suspension plus CDC, the height can be adjusted at any time and there is a millisecond damping response. The dark blue G318 is equipped with a central electric stepless differential lock and a magnetic mechanical differential lock. Above the choice of driving mode, the dark blue G318 includes five daily modes and five terrain modes plus three special scenarios of off-road creep, tank U-turn, and steep slope descent. One-click adjustment allows you to enjoy the fun of driving more easily.

The Deep Blue G318 is currently the third model under Deep Blue Auto. It also has two models, the SL03 sedan and the S7 SUV model. The editor has always been very favorable to Deep Blue. The models under Deep Blue are well-positioned and the audience is also very clear. And the design of any model is very fashionable and technological, and the overall preference is younger. The new car of the Deep Blue G318 also did not disappoint everyone. The appearance of the technology battleship, the interior of the luxury technology, and the power of the city can be satisfied. The editor believes that the Deep Blue G318 is still worth buying. There is no problem with the product. Now let’s look at the pricing on June 13. Let’s look forward to its final pricing together. If there is more information about this car in the future, follow us and we will inform you in time.

　　[PConline Talk]A person uses too many mobile phones, and there is like a mourning hall in his heart, offering sacrifices to classic interactions that have passed away. – To Qingming Festival.

　　"Qingming cold food is good, spring comes with a hundred flowers blooming". The annual Qingming Festival is coming, and in this season of cautious pursuit and mourning, we might as well reminisce about those classic interactions on our mobile phones.

Meizu dots

　　Meizu’s small dots are a beautiful memory of many people’s classic interaction with domestic mobile phones. When the MX2 was first released, its exquisite texture really amazed many people. At that time, the small dots took a breath, a light and a extinction, making the originally cold mobile phone seem to be endowed with spirituality, which is not only full of smart beauty, but also cool technology.

　　Before the appearance of Meizu’s small dots, Android was still almost all mediocre three King Kong keys. When the M9 switched to the Android system, Meizu redesigned the three King Kong keys. The return key is an arrow, the menu key is a square, and the Home key is a solid rounded rectangle. We still see similar concepts on many mobile phones today.

　　When it came to MX2, Meizu radically changed its thinking and launched small dots, which were not only beautiful, but also practical. The combination of many functions, such as tapping to return to the homepage, long pressing to turn off the screen, pressing and holding to swipe up to return, and double clicking to wake up the screen, is simply an amazing idea.

　　Later, with the rise of fingerprint recognition sensors, the paranoid Meizu had to put fingerprint recognition on the front of the phone, so they had the same commendable waist circle button. The classic small dots began to gradually disappear from Meizu’s mobile phone after the MX4 Pro, becoming a beautiful scenery in people’s memories.

Nokia Side Slide Unlock

　　When it comes to Nokia, in addition to smashing walnuts and blocking bullets, you may also think of the Carl Zeiss camera, the boot interface with big hands and small hands, and the side-swipe unlock mentioned in this article.

　　In the eyes of many people, Nokia is a period of warm green years like a movie screen. It is the throb of youth typing love letters blindly on the table, the steady and stable sound of falling from the fifth floor and still ringing familiar bells, and the boredom of taking it out of the pocket again and again to unlock, lock the screen and lock the screen.

　　Back then, we didn’t have so many secrets. We needed all kinds of passwords, patterns, fingerprints, and irises to protect our phones. Simply, we were like Nokia’s side-swipe unlock.

BlackBerry Trackball

　　BlackBerry was once the dominant mobile phone, dedicated to maximizing the productivity of mobile phones. The QWERTY full keyboard and trackball are its shiny symbols. People’s yearning for business elites and the unique design of BlackBerry make BlackBerry always shrouded in a cool glow.

　　When it comes to trackballs, many people will unconsciously associate the little red dot on the Thinkpad keyboard, both of which are classic designs that pay tribute to productivity. Trackballs are to mobile phones what mice are to computers. You can choose or click on the screen flexibly. Not only BlackBerry, but also HTC’s flagship phones back then. This design was used from the original HTC G1 to the G9.

　　Later, with the rise of full-touch mobile phones, this function began to gradually withdraw from the stage of history. In fact, in some aspects, trackballs are more accurate in positioning and navigation than directly touching the screen.

Full keyboard and side swipe keyboard

　　Back in the day, when a QWERTY keyboard was launched from the chubby body of a side-swipe phone, it was a super mini PC. The side-swipe keyboard phone still looks so cool that if you type with a side-swipe keyboard on the street now, it will definitely cause a burst of screams.

　　When Nokia and Motorola were still sitting at the top of the industry, they launched many classic models, such as the first-generation King N97 and the well-deserved milestone Motorola Milestone (Milestone). The reason why this design became popular at the time was far more than its refreshing appearance. In today’s words, it was obvious that it could eat with its face. Talent. For example, when handling a large number of text tasks, the QWERTY keyboard works better when paired with the touch screen to handle tasks.

　　Obviously, the side-swipe keyboard is a cool and practical function, why did it finally leave us? In this era of lightness, the internal space of the mobile phone with an inch of land can no longer accommodate the module of the side-swipe keyboard component. Now the side-swipe mobile phone can only lie in the dusty drawer with the memory of youth for people to remember.

Conclusion

　　Time is too fast, and the once beautiful things have been buried in the depths of time. But memories are not the shackles that hold us back. In the world of science and technology, moving forward is the greatest pleasure! Forget the peak standing behind you, in order to run to the next higher peak.

Click to review the first season of "China Star Jump" video set > >

　　After months of struggle, Zhejiang Satellite TV’s "China Star Jump" finally ushered in the peak decisive battle of the finals. As soon as the program started, the trophy of "China Star Jumping" floating in the water was particularly dazzling under the light of the water. The countdown figures played by the lights also made the atmosphere of the finals a little more tense. Compared with another diving program, in China Star Jump, almost all the contestants came to the end, including Asa and Eva Huang, who failed to enter the finals, and also appeared in the finals as "cheerleaders", which shows the cohesion of the program. After several rounds of cruel PK, Killer finally won the championship. She also laughed and teased: "Now no one dares to chase me."

　　Special stage—

　　Eva Huang Ah sa helped out as a cheerleader.

　　The blue swimming pool, the beautiful synchronized swimmers and the trophy shining in the water are all so bright on the stage of the finals of "China Star Jump". Accompanied by Tian Liang, the "star head coach", the first beautiful note was played in the finals of "China Star Jump" in the first season.

　　Compared with previous programs, the opening ceremony of the finals was designed to be more like a party. Synchronized swimmers lifted the trophy out of the water, and "Star Head Coach" Tian Liang took the trophy and became the "first stick" of the handover. Subsequently, Tian Liang handed the trophy to the student representatives of four primary schools in the "Mother’s Water Pit" campus safe drinking water program donated by the program, and the children handed the trophy to Asa, who passed it to Olympic champion Li Na. After several passes, Zhou Jihong, the captain of the national diving team, finally placed the trophy at the top of the 10m platform, which ignited the glorious moment of the finals.

　　Surprisingly, Asa and Eva Huang, who stopped in the semi-final, also appeared in the final on the same day to cheer for their teammates. Asa said frankly that the reason for returning to this stage is to prove that diving is a very happy sport, and I hope to give everyone positive energy with my teammates. On the same day, Asa, who was afraid of heights, boldly stood on the 10-meter platform and danced for her teammates. I am afraid this is the most special stage she has ever experienced.

　　Eva Huang, who is a sister flower with Asa, also sang her own famous songs in the swimming pool that day. It is worth mentioning that the water surface of the swimming pool has been built into a beautiful blue stage. Eva Huang’s wonderful singing and the yellow moon built on the stage complement each other. The scene is like a quiet starry sky, which is very beautiful.

　　Special lineup-

　　Cattle return as a special commentator

　　On the day of the finals, Tian Liang, the head coach of the star who always "just jumps and doesn’t talk", also appeared as a guest commentator. Although pronunciation and articulation are not special standards, his kind explanation and winking from time to time also gave the audience a fresh feeling. The cattle that were eliminated in the first race were also back in the game as the "invited commentator" on the same day. His impassioned explanation at the scene also made the race process more exciting, and the cattle also recalled their psychological course of participating in the competition. "In fact, I was scared for the first time on the 5-meter platform and wanted to go back, but our coach said that as long as I got on the platform, there was no reason to retreat. I think it is their spirit of never giving up that makes the national diving team brilliant today. "

　　In addition to understanding and presiding over the lineup, the "Starlight" of the participating lineup on that day was particularly dazzling. In the final, Gao Hu (Weibo), Killer, Xing Aowei, the gymnastics champion, and Zhou Weitong, the super mermaid, formed a "mixed" double jump with Olympic champions such as Wu Minxia, which made the whole competition interesting.

　　It is worth mentioning that, in order to cheer up his opponent, Asa jumped off the pool directly on the same day by "sticking popsicles" to cheer for his teammates in a special way, and also expressed his love for diving.

　　Special point of view-

　　Zhou Weitong married the world champion on the spot.

　　In the finals of that day, four finalists appeared in the form of "Guanyin with a Thousand Hands", and Huang Jianxiang and Yiyi also attended in formal attire, which was very eye-catching. In order to be the "real king of platform jumping", all four star players tried their best, but Gao Hu, the "high-platform fighter" who had high expectations, unexpectedly missed the PK link and finally won the third place with regret.

　　In the first round, Xing Aowei and diving champion Chen Ruolin got off to a good start, and the cooperation between the two world champions in different fields was surprisingly tacit. The 100m platform 103B tumbled forward for a week and a half, successfully completing the standard movements of mixed doubles, and the cattle could not help but sigh that "gymnastics champions are different", and Zhang Tie-Lin also bluntly said that their performances were "quite perfect and difficult to catch up". The second player was Zhou Weitong and the 3m springboard champion He Chong, who had already cooperated quite tacitly in the pre-match training. Zhou Weitong praised Mr. He Chong even more, "That’s what you need to find a boyfriend", and helped him find a marriage at the final. On the same day, the two men showed the difficult movement of "3-meter board 202c somersaulting backwards and embracing the knees", and the score was second only to that of Xing Aowei.

　　Subsequently, Gao Hu and Lin Yue, the world champion of the 10m platform, stepped onto the 10m platform and jumped out of the required action of "100m platform with 101B diving forward for half a week", which won a full house. Zhang Tie-Lin scored 10 points for him, and the total score was even with Xing Aowei. Killer and Wu Minxia’s sister flower partner also showed no weakness. They jumped the 3m board 202a and somersaulted backwards for a straight body. Finally, they were unanimously recognized by the judges for their wonderful performance, ranking first in the total score.

　　Special race situation-

　　Gao Hu only won the third place by accident.

　　According to the rules of the finals competition, Killer, ranked No.1, and Gao Hu, ranked No.3, will fight against each other in the first round competition, and Xing Aowei and Zhou Weitong will also take to the PK stage. Finally, the two winners will compete for the championship, and the other two will compete for the third and fourth place. In this round of key competition, Xing Aowei pulled out all the stops. The 5-meter platform, a 5141c forward somersault for two weeks and a half-week tuck, was dumbfounded. Zhou Weitong also took out his own classic movement, which was evaluated as "super-level play" by Zhou Jihong. At the critical stage of judging and voting, Zhou Jihong and Li Xiaopeng were deadlocked with one person and one vote. Finally, Zhang Tie-Lin decided to do it with one vote. "Zhou Weitong has been very successful today, and the team leader Zhou spoke highly of you, but I personally think that the final look of the competition is difficult. There is no way. I don’t care what the background of this person is. The competition is very cruel. I voted for Xing Aowei."

　　The other group’s fighting was also very tragic. Killer and Gao Hu were both masters of "10m platform", and both of them chose 10m platform on the same day, with positive pk. However, it may be that the pressure is too high. Gao Hu played abnormally when he fell into the water, and accidentally slapped him on the water. Killer couldn’t help but cover his mouth in surprise. However, the judges recognized the technical difficulty of Gao Hu’s action, and finally Killer entered the championship battle almost without any suspense.

　　In the last round of pk, Gao Hu beat Zhou Weitong to win the third place, while Xing Aowei lost to Killer. In the end, the first season championship of "China Star Jump" fell to Killer, which surprised many people. At the same time, Killer himself couldn’t believe it. "I am dreaming!" Xing Aowei embraced her opponent generously and joked: "She defeated the Olympic champion and the diving team didn’t accept her!"

　　The first season of "China Star Jumping" ended successfully, and the star students felt sad when they left the stage. Gao Hu also appealed at the scene, "The coaches of the national team, can you give us a green light and come to training as long as you have time?" His appeal also shouted out the voices of many star players. Netizens bluntly saw this paragraph and couldn’t help but burst into tears. "Stars really fall in love with this sport. This is the positive energy we need!"

　　Xinhua News Agency, Jinan, September 25 Question: 15.2 kilometers of road charge 19.9 kilometers of money, how many pits are there for driving?

　　Xinhua News Agency "Xinhua View" reporters, Wang Yang and Shao Luwen

　　Recently, a post of a new scam on behalf of driving has gone viral through the public security official Weibo and WeChat in many places. According to the police, some personnel pretended to be chauffeurs to send passengers home, took personal information on the way, deliberately created traffic accidents "to make a game", and finally demanded high amounts of money. Many netizens expressed that they have resonated, and they have also been tricked by "black chauffeur".

　　"Xinhua View" reporter survey found that after drunk driving into prison, "drunk looking for a driver" has become a common consumer habit. Statistics show that last year, the national driving industry total orders have exceeded 253 million orders, the total output value of 15.40 billion yuan. At the same time, the management of the driving industry is disorderly, sky-high prices, hit-and-run and other chaos.

　　The driver actually invited a drunk, the industry is not standardized, and there are great safety hazards

　　Analysys think tank released a report showing that in the first half of 2017, China’s Internet driving market reached 2.965 billion yuan, showing a steady growth trend. At the same time, the unscrupulous behavior of individual practitioners has brought hidden dangers to the industry.

　　Mr. Zhong, a resident of Jinan, said that he was going to find a chauffeur to go home after a party, but he did not expect a drunk to come over by the chauffeur’s phone. Mr. Liu, a resident of Beijing, also encountered similar unhappiness. When he left a restaurant after drinking, he chose a chauffeur at the door on the strong recommendation of the waiter. Due to his drunken confusion, Mr. Liu did not notice anything wrong during the journey home, but found that the door of the car was obviously scratched the next day. He contacted the chauffeur, but the other person denied it.

　　Liu Ruzhong, a senior partner at Taihe Tai (Beijing) Law Firm, said that there are three main aspects to the current chaos in the driving market: first, the industry threshold is too low, the driving level of practitioners is uneven, and the quality of some personnel is low; second, the fees are arbitrary, and the driver adjusts the price arbitrarily; third, some drivers are indifferent to traffic rules, resulting in many accidents.

　　The reporter searched the China Judgment Document Network and found that in the past two years, the number of cases related to driving has increased significantly. Since 2016, there have been 1,078 such court verdicts, including 402 involving traffic accidents, 244 liability compensation, 228 personal injury compensation, and 118 mental damage.

　　"The surrogate driving market is growing rapidly, but under the circumstance of imperfect industry norms, the safety hazards are also increasing. Hit-and-run accidents, theft of property, illegal driving, etc., make consumers pay a heavy price for one-time surrogate driving," said Zhang Shili, head of the Auto Club branch of the China Automobile Dealers Association.

　　The reporter personally experienced: "Black driving" charges 19.9 kilometers for 15.2 kilometers of road, and it is difficult for regular driving drivers to grab the order

　　Recently, the reporter experienced the whole process of the service of multiple chauffeurs in Jinan. At around 9 pm on the 14th, the reporter came out of a hotel in Jinan and found that there were many chauffeurs waiting at the door. A chauffeur who came forward to collect work said that he could choose two ways: "report the order" and "do not report the order".

　　It turns out that the so-called "declaration" is a company behavior, and the driver needs to pay 20% of the income to the company; not "declaration" means that the driver himself takes "private work" under the banner of the company, and the insurance and other guarantees provided by the company for passengers become the driver’s private income. The driver told reporters that doing "private work" is good, and now the most chaotic market is "black driving".

　　According to clues, the reporter experienced a "black driver" service on the evening of the 21st. From the Jinan Olympic Sports Center, he called the driver to drive to the vicinity of the reporter’s residence. The map shows that the distance is 15.2 kilometers, and the estimated cost of e-driver and Didi driver and other platforms is about 80 yuan. However, the software carried by the "black driver" shows that the mileage is 19.9 kilometers, and the final settlement fee is 99 yuan.

　　The "black driver" charges 59 yuan for 10 kilometers. When the reporter asked how to charge for more than 10 kilometers and whether it was still charged according to this standard, the driver did not respond positively.

　　Master Zhang, a full-time driver who has been working on a driving platform for five years, told reporters that in addition to asking for random prices, some "black driving" may also bring safety problems. In Jinan, there are many "black driving", and it is difficult for regular drivers to grab orders.

　　Zhang Shili said that at present, there is a lack of mandatory standards in the driving industry, resulting in too low a threshold for personnel and no code of conduct.

　　The person in charge of Didi’s driving said, "On the Internet driving platform, in addition to requiring no bad records such as crime, alcoholism, and traffic violations, drivers have to undergo strict training and written tests, interviews, and other assessments before they can be hired." According to the reporter’s investigation, many small driving companies do not require driver training in accordance with industry standards and specifications, nor do they have insurance for driver liability insurance.

　　"Since 2015, the Automobile Dealers Association and several major driving companies have initiated industry self-discipline, calling on all employees to take a third-party practice test for certification, and after passing the test, obtain a driving training certificate. At present, the number of people with certificates in the industry has accounted for 37.5%." Zhang Shili said.

　　Who will take care of these "black drivers"?

　　The reporter’s investigation found that at present, the driving company is a company registered with the Industry and Commerce Bureau to engage in "non-operating vehicle driving services", and the supervision subject is not clear.

　　The Shandong Provincial Administration for Industry and Commerce said that the industry and commerce department is mainly responsible for the registration of driving companies in accordance with the company law and relevant laws and regulations, in accordance with the principle of market access.

　　According to the interviewed traffic police department, the traffic police mainly investigate and deal with violations in the process of driving. Driving services are essentially different from operating driving services. Without clear jurisdiction, the traffic control department cannot supervise the driving industry.

　　Wang Xinliang, director of Shandong Xinliang Law Firm, believes that it is crucial to rectify the chaos in the driving industry and clarify the supervision of the driving market.

　　"The price department can guide the driving industry to formulate clear charging standards, and the charging standards of the driving company should be publicized or registered for the record. This can not only ensure the free pricing of the market, but also accept social supervision to prevent enterprises or individuals from changing the standards at will," said lawyer Chen Zhiwei, a partner in the Shanghai branch of Beijing Zhongzi Law Firm.

At noon on November 29, China Hengda Group announced on the Hong Kong Stock Exchange that it had noticed the announcement issued by Hengda Property on November 28, which concerned its subsidiary Jinbi Property Co., Ltd. to recover about RMB 1.996 billion and about RMB 152 million from the company and three related subsidiaries for the enforcement of its RMB 2 billion deposit certificate pledge guarantee by the bank.

China Evergrande Group said that as of the date of the announcement, the company and related subsidiaries have not received the notice from the Guangzhou Intermediate People’s Court in Guangdong Province to file a lawsuit against Jinbi Property.

The company will seek legal advice to safeguard the company’s legal rights. The company will issue further announcements in due course on any significant developments in the above litigation.

As of press time, China Evergrande Group reported HK $0.230/share, down 8.00%, and the total market value 3.037 billion HK $.

Previously reported: Sudden! Evergrande Property Sues Evergrande Group

Source, Reading Finance

Original title: "Evergrande Group’s latest response!"

Read the original text

　　The 2024 Haoyue L has launched three models, and the market guidance price is 127,900-147,900 yuan. The new car has upgraded the central control large screen and the car system, in which the central control screen has been upgraded from the current 12.3 inches to 14.6 inches, and the car system has also been upgraded from Galaxy OS to Galaxy OS 2.0 version.

　　The new Haoyue L adopts a brand-new design, and the domineering potential energy ice waterfall vertical grille is decorated with plating strips on the outside. The headlights on both sides are lens-shaped, with 244 LED beads inside, and the front face as a whole looks extremely tense. Haoyue L body adopts tough design lines, 19-inch wheels adopt five-width vortex design, and blackened wheel eyebrow components enhance the sense of strength of the vehicle. The length, width and height of the new car are 4860/1910/1770mm and the wheelbase is 2825mm respectively. The tail adopts penetrating taillights, and the red decorative strip is very obvious. There is a thick exhaust decoration on each bumper, and the layout is simple.

　　The 2024 Haoyue L central control large screen has been upgraded from the current 12.3-inch to 14.6-inch, and the car system has also been upgraded from Yinhe 0S to Yinhe 0S 2.0 version. At the same time, the cockpit chip has also been upgraded from E02 of 12nm to E04 of 7nm, and the running memory and storage memory have been significantly upgraded. The central control screen is larger, the car system is more stable, the function is more perfect, and the chip computing power is stronger. The overall operation fluency of the 2024 Haoyue L car machine has increased by 25%, and the startup speed of the APP has increased by 18%. In terms of interior color, the 2024 Haoyue L has added a brand-new Danxia red color scheme, replacing the current desert brown color scheme. At the same time, the new car has also optimized the details of the modeling scheme of the interior panel, further enhancing the luxury of the interior.

　　The 2024 Haoyue L has made a series of adjustments and optimizations to the standard Drive-E 2.0TD engine, and optimized the fuel label to No.92 on the premise that the maximum power of 160kW and the maximum torque of 325N·m remain unchanged, further reducing the cost of users’ cars. (Photo: provided by Geely Automobile)

General Office of Beijing Municipal People’s Government
About deepening reform and promoting the taxi industry
Implementation Opinions for Healthy Development

District people’s governments, municipal government committees, offices, and bureaus,Municipal institutions:

In order to fully implement the "Guiding Opinions of the General Office of the State Council on Deepening Reform and Promoting the Healthy Development of the Taxi Industry" (Guoban Fa [2016] No. 58), actively and steadily promote the reform of the taxi industry in this city, and better meet the diverse travel needs of the people, with the consent of the municipal government, the following implementation opinions are hereby proposed.

Guiding ideology and work objectives

(1) Guiding ideology.

Deeply implement the spirit of the 18th National Congress of the Communist Party of China and the Second, Third, Fourth, Fifth and Sixth Plenary Sessions of the 18th Central Committee of the Communist Party of China, thoroughly study and implement the spirit of the series of important speeches of the General Secretary of the Supreme Leader and the important instructions to Beijing, earnestly implement the decisions and arrangements of the Party Central Committee and the State Council, firmly establish the development concept of innovation, coordination, green, openness and sharing, adhere to the basic idea of giving priority to the development of public transportation and the appropriate development of taxis, in accordance with the principle of "passenger-oriented, reform and innovation, overall consideration and standardization in accordance with the law", actively and steadily promote the reform of the taxi industry in this city, effectively improve the service level and supervision capacity, and strive to build a diversified and differentiated travel service system to better

(2) Work objectives.

Promote the integrated development of cruise taxis (hereinafter referred to as cruise cars) and online rental cars (hereinafter referred to as online taxi-hailing), promote the transformation and upgrading of cruise cars, standardize the operation of online taxi-hailing, improve the management and service level of the industry, promote the sustainable and healthy development of the industry, and provide the public with safe, convenient, comfortable and economical personalized travel services.

Second, clarify the positioning of the taxi industry

(3) Scientific positioning of taxi services. Taxi is an integral part of the urban comprehensive transportation system, a supplement to urban public transportation, and provides personalized transportation services for the public. Taxi services mainly include cruises, online reservations, and other methods. The city will continue to give priority to the development of public transportation, develop taxis moderately, optimize the urban transportation structure, and build a super-large urban passenger transportation pattern with diverse and differentiated services.

(4) Establish a dynamic regulation and control mechanism for the total amount. Implement the strategic positioning of the capital city, comprehensively consider the city’s population, economic development level, air quality, urban traffic congestion, public transportation development level, taxi mileage utilization rate and other factors, rationally grasp the scale of taxi transportation capacity and its share in the urban comprehensive transportation system, and establish a dynamic monitoring and adjustment mechanism. Carry out a scale assessment of the total number of taxis, and prepare a development plan and implementation plan for the taxi industry, which will be implemented after approval by the municipal government.

III. Deepening the reform of cruise vehicles

(5) Reform the management system of operating rights. Adhere to the implementation of the free use of vehicle operating rights, and the term of the operating rights of cruise vehicles is the same as the period of vehicle scrapping. The new operating rights of cruise vehicles shall be subject to period restrictions, and the operating entity shall not be changed without authorization. If the operating rights of existing cruise vehicles do not specify the specific operating period, all factors shall be comprehensively considered, a transition plan shall be scientifically formulated, and the operating period shall be reasonably determined. Establish and improve the allocation and management system of operating rights guided by service quality and reputation. If the operating rights expire or there are major service quality problems, major safety production liability accidents, serious illegal business activities, and unqualified service quality and reputation assessments during the operation process, the operating rights shall be recovered in accordance with relevant regulations.

(6) Perfect the benefit distribution system. Cruise car operators shall sign employment contracts and contracts with drivers in accordance with the law to build a harmonious labor relationship. Encourage, support and guide cruise car operating enterprises, industry associations, cruise car drivers and trade union organizations to negotiate on an equal footing to determine the contract fee standard or quota task, and dynamically adjust it according to factors such as operating conditions, cost and freight changes. If the existing contract fee standard or quota task is too high, it should be reduced. Taxi car industry associations shall organize and guide cruise car operating enterprises to actively explore the use of Internet technology to build a business model in which enterprises and drivers share operational risks and distribute interests reasonably.

(7) Straighten out the price formation mechanism. Cruise vehicle freight rates are subject to government-guided prices. It is necessary to comprehensively consider factors such as the operating costs of cruise vehicles, the income level of drivers, and the overall development of urban transportation. Continuously improve the formation mechanism of cruise vehicle freight rates and the linkage mechanism between freight rates and fuel prices. Improve pricing rules, scientifically formulate and timely adjust the level and structure of cruise vehicle freight rates, and give full play to the leverage of freight rates to adjust the supply and demand relationship in the taxi transportation market.

(8) Encourage companies to operate on a large scale. Study and formulate supporting policies to encourage cruise car operators to integrate resources through mergers, reorganizations, and other means, implement intensive and large-scale operations, give full play to their backbone leading role, and improve industry management and service levels. Measures for the implementation of the transfer, transfer, and share purchase of cruise car operators’ vehicle operating rights shall be formulated in accordance with the law. Individual industrial and commercial households of cruise cars shall be encouraged to jointly establish companies of a certain scale or join existing cruise car operating enterprises by means of shares, etc., implement organized management, improve service quality, reduce management costs, and enhance anti-risk capabilities. Encourage cruise car operating enterprises to take passenger needs as the guide, continue to increase the intensity of driver training, take the initiative to disclose service standards and service quality commitments, and actively carry out safety, integrity, and quality service creation activities; strengthen the main responsibility of cruise car operating enterprises, vigorously promote enterprise branding, and effectively improve the level of management services. Improve the assessment and evaluation system for cruise car operating enterprises, improve the content and methods of assessment, regularly publish the assessment results and evaluation, and establish an incentive and restraint mechanism that conforms to the characteristics of cruise car operation.

(9) Promote the transformation and upgrading of the industry. Encourage cruise car operators and online ride-hailing platform companies to adopt mergers, restructurings, and absorbing shares to achieve the integrated development of new and old business models. Revise the technical specifications of cruise cars and improve vehicle technical standards. Encourage cruise car operators to follow the idea of "Internet + taxi", make full use of Internet information technology and the advantages of existing vehicles and personnel, and transform to provide online ride-hailing services. Encourage cruise cars to provide operation services through telecommunications, Internet and other e-hailing services, and promote the use of non-cash payment methods that meet financial standards to facilitate public rides, reduce empty vehicles, and reduce the labor intensity of drivers. When cruise cars provide operation services, they must use the special metering device for cruise cars, and charge fees and issue special invoices for taxis in this city accordingly. Encourage the development of new energy cruise vehicles.

IV. Standardizing the development of online car-hailing

(10) Regulate the development of online car-hailing. Online car-hailing platform companies, as well as enterprises that provide vehicles, drivers who provide online car-hailing services, and their vehicles, shall comply with relevant national and municipal regulations and requirements. Online car-hailing platform companies are providers of transportation services, and shall have online and offline service capabilities. They shall have corresponding office space and driver education and training places in this city. They shall also connect relevant basic information and dynamic operation data to the supervision platform of relevant departments in this city in real time, so as to realize the backup of data information in this city. Online car-hailing platform companies implement restrictions on the operating period. The operating period is 4 years. The expiration can be extended after passing the review. The online car-hailing platform company shall assume the responsibility of the carrier, the responsibility of production safety and corporate social responsibility in accordance with the law, undertake the safety management responsibilities of vehicles and drivers, purchase relevant insurance to fulfill the responsibility of the carrier, and ensure the safety of operation and the legitimate rights and interests of passengers. Encourage online car-hailing platform companies to use their own vehicles to carry out business activities.

Online car-hailing vehicles should meet the basic conditions for providing passenger transportation services, have passed the annual inspection by the public security department of this city, have purchased commercial vehicle compulsory traffic insurance, third-party liability insurance and passenger accident injury insurance, and have the city’s vehicle number plate. 5-seat sedan or 7-seat passenger car. Non-operating vehicles of government agencies, enterprises, institutions and social organizations are not allowed to engage in online car-hailing operations. Online car-hailing qualifications are applied by online car-hailing platform companies. When a vehicle applies for online car-hailing qualifications, it must meet the latest motor vehicle emission standards announced and implemented by this city, have no unfinished traffic accidents and traffic violations records, and meet the technical specifications of online car-hailing vehicles in this city. Vehicles that have obtained online car-hailing qualifications must have a special logo posted on the body of the online car-hailing vehicle, and use the original number plate. The term of the vehicle operation right shall not exceed 8 years from the date of vehicle registration (or when the mileage reaches 600,000 kilometers), and the vehicle operation right shall not be transferred without authorization. If the vehicle is scrapped, transferred or the ownership is transferred without authorization, the vehicle operation right shall be cancelled. If the access relationship between the platform and the vehicle is terminated or the operation period of the platform company is terminated, the vehicle shall not engage in online car-hailing operations during the period of not accessing the new platform.

Online car-hailing drivers must be registered with the city, have obtained a driving license issued by the city, have not reached the legal retirement age, are in good health, have not committed more than 5 road traffic safety violations in driving a motor vehicle within 1 year before the date of application, and have not been included in the taxi serious violation information database. Individuals and vehicles under their names who apply for access to the online car-hailing platform must obtain the qualifications of online car-hailing drivers and vehicles, and have no other cruise cars and online car-hailing cars under their names, and drive their own vehicles to provide online car-hailing services.

(11) Regulate the business behavior of online car-hailing. Online car-hailing platform companies should safeguard and protect the legitimate rights and interests of drivers, maintain the stability of the driver team, and sign employment contracts or agreements with their subordinate drivers according to law. If an agreement is signed, they should purchase personal accident insurance for them; it is necessary to strengthen the production and operation management of service vehicles and drivers, and continuously improve the passenger’s satisfaction with the ride experience. Online car-hailing provides operation services through online booking, and it is not allowed to cruise around to pick up customers or queue up at cruise car dispatching stations to pick up customers. Reasonably determine the metering method of online car-hailing, and there must be no improper price behavior. Online car-hailing platform companies shall strengthen cyber security and information security protection, establish and improve data security management systems, collect, use and protect personal information in compliance with the law, and shall not disclose sensitive information involving national security. The personal information collected and the business data generated shall be stored and used in the Chinese mainland, and the retention period shall not be less than 2 years. Online car-hailing platform companies and drivers shall declare and pay taxes to the tax department in accordance with the law. After providing operation services, online car-hailing vehicles shall issue special invoices for taxis in this city.

V. Regulate private passenger car sharing

(12) Encourage private passenger car sharing. Private passenger car sharing (also known as carpooling and ride-sharing) is a shared travel mode in which the ride-sharing service provider publishes travel information in advance, and people with the same travel route choose to take the ride-sharing service provider’s passenger car, share the travel cost (fuel and tolls) of the ride-sharing part, or free mutual assistance. Private passenger car sharing is conducive to alleviating traffic congestion and reducing air pollution, and this city will encourage and regulate its development. The city’s guidance on private passenger car sharing travel shall be formulated and issued separately by the municipal transportation administrative department in conjunction with relevant municipal departments.

(13) Regulate private passenger car ride-sharing. The ride-sharing information service platform providing ride-sharing travel services must comply with the relevant regulations of the state and this city. The connected vehicles must be the city’s number plate, and the number of orders per car per day shall not exceed 2 times. It is forbidden for any enterprise or individual to carry out illegal operations in the name of ride-sharing. Those who charge significantly higher than the ride-sharing billing standard, provide ride-sharing services more than the specified number of times, and provide online car-hailing business services in the name of private passenger car-sharing shall be punished in accordance with the relevant laws, regulations and rules of the state and this city for illegal passenger transportation.

Create a good market environment

(14) Improve service facilities. Further increase the planning and construction of comprehensive taxi service areas, dispatching stations, recruitment stations, waiting parking spaces, charging infrastructure and other service facilities. It is necessary to set up cruise bus dispatching stations or waiting areas in large public places and large residential areas such as airports, railway stations, public transportation hubs, commercial areas, hotels, hospitals, etc., and scientifically guide taxi operations to provide convenient services for passengers’ daily travel, especially in special circumstances such as bad weather.

(15) Strengthen the construction of the credit system. It is necessary to implement the service quality credit assessment system and the driver qualification management system, formulate taxi service standards, credit management system for operators and employees, and clarify the basic requirements for operating in accordance with the law and providing honest services. Actively use the Internet, big data, cloud computing and other technologies to establish an evaluation system for taxi operators and drivers, and strengthen the records of information such as violations and dishonesty, complaints and reports, and passenger service evaluation. As an important basis for taxi operators and employees to enter and exit, and incorporate it into the city’s credit information sharing platform and enterprise credit information publicity system. Taxi industry associations should continue to improve industry self-discipline, smooth communication channels between drivers and enterprises, take the initiative to commit to service standards to the society, and promote the improvement of industry service capabilities and integrity levels.

(16) Strengthen market supervision. It is necessary to innovate supervision methods, simplify licensing procedures, strengthen the use of information technology means, and promote online processing to further improve the transparency of the management of the taxi industry. Establish a joint supervision and law enforcement mechanism and a joint punishment and exit mechanism for the participation and linkage of the Municipal Transportation Commission, the Municipal Development and Reform Commission, the Municipal Public Security Bureau, the Municipal Human Resources and Social Security Bureau, the Municipal Environmental Protection Bureau, the Municipal Commission of Commerce, the Municipal Bureau of Industry and Commerce, the Municipal State Taxation Bureau, the Municipal Local Taxation Bureau, the Municipal Quality Supervision Bureau, the Municipal Communications Administration, the People’s Bank of China Business Management Department, the Municipal Network Information Office, and the Municipal Urban Management Law Enforcement Bureau. Establish an integrated information sharing platform, strengthen real-time supervision of law enforcement throughout the process, investigate and punish acts that hinder fair competition in the market and various price violations in accordance with the law, and severely crack down on illegal operations, gathering crowds to disrupt social order, or inciting organizations to disrupt operational order and damage public interests. Regularly carry out taxi service quality assessments and release them Handle complaints about service quality issues in a timely manner, promptly expose serious violations of laws and regulations, and protect the interests of passengers.

(17) Strengthen the legal system and organizational guarantee. Accelerate the revision of laws and regulations such as the Regulations on the Administration of Taxi Vehicles in Beijing to provide better legal guarantee for deepening reform and promoting the healthy development of the taxi industry. Strengthen organizational leadership, establish a leading group for deepening the reform of taxis in this city, and be responsible for coordinating and promoting various reform work. Strengthen social communication, smooth the channels for interest appeals, take the initiative to disclose information, respond to social concerns, build consensus on reform, and create a good public opinion environment. Major policy-making in reform should carry out social stability threat and risk assessment, improve emergency response plans, prevent and resolve various contradictions, and maintain social stability.

From the date of issuance of this implementation opinion, online car-hailing platform companies, drivers and vehicles that have already started online car-hailing business in this city will be given a five-month transition period.

General Office of Beijing Municipal People’s Government

guideThe car has lost more than 110 billion in 5 years.

Source |Hengda Automobile Announcement, Financial World, Securities Times, Daily Economic News

According to Hengda Automobile’s announcement, Newton Group’s strategic investment has been terminated, and the company’s previously proposed transactions and amendments to the terms of the debt-to-equity swap have not made any further progress.

Evergrande Motor said that it will not hold a shareholders’ meeting for approval and will not publish any circulars relating to, among other things, the Special Mandate, the Newtown Group share purchase agreement, the proposed transaction, the wash waiver, the proposed amendment, the debt-for-equity subscription agreement, the offset agreement and the debt-for-equity swap. The company will no longer issue further monthly announcements on the proposed transaction and the progress of the debt-for-equity swap.

As the Share Subscription is no longer in progress, the Subscriber is under no obligation under Rule 26 of the Takeovers Code to make an unconditional mandatory general offer in respect of all outstanding Shares which it and persons acting in concert with it have not yet owned or consented to acquire. The Company will not apply to the Executive for his consent to the Special Deal.

In August 2023, Hengda Auto and strategic investor Newton Group signed an agreement. The main content of Newton Group’s share purchase agreement is that Newton Group implements a strategic investment of about 500 million US dollars in Hengda Auto and provides 600 million yuan in transition funds; the debt-to-equity swap agreement means that Hengda Group, Xu Jiayin and other creditors offset the 20.895 billion Hong Kong dollar debt owed by Hengda Auto by subscribing for new shares of Hengda Auto. Assuming that the debt-to-equity swap of new energy vehicles is completed and followed by the completion of the subscription of new energy vehicle shares, China Evergrande’s shareholding ratio in Evergrande Automobile will be diluted to about 46.86%, Evergrande New Energy Automobile will no longer be a non-wholly-owned subsidiary of China Evergrande, and its financial performance will no longer be comprehensively accounted for in China Evergrande’s performance.

In October 2023, the transaction was suspended, and Evergrande announced that Newton Group had suspended the implementation of relevant obligations in the share purchase agreement. The change in the transaction was directly related to the exposure of "Xu Jiayin was subject to coercive measures" at that time, which interrupted the process of Hengda’s dollar debt restructuring, which in turn caused Hengda to fail to meet the pre-conditions of the transaction.

In January 2024, Evergrande announced that the Newtown Group’s share purchase agreement and the company’s debt-for-equity swap subscription agreement for Evergrande had expired on December 31, 2023. At that time, Evergrande responded that the parties to the Newtown Group’s share purchase agreement and debt-for-equity swap subscription agreement, as well as certain stakeholders, have been and will continue to negotiate amendments to certain key terms of the proposed transaction and debt-for-equity swap. The company will make monthly announcements until it announces its exact intention to proceed with the proposed transaction and debt-for-equity swap or decides not to proceed with the proposed transaction and debt-for-equity swap.

Evergrande’s "life-saving money"

Newton Group’s strategic investment in Hengda Automobile is regarded by public opinion as "life-saving money" for Hengda Automobile.

On August 14, 2023, Hengda Automobile announced that it received the first strategic investment of 500 million US dollars from the listed company Newton Group (NWTN.US), which is held by the sovereign fund of the United Arab Emirates, and another 600 million yuan of RMB transition funds will be received one after another 5 working days after the announcement.

The proposed transaction between the two parties is expected to close in the fourth quarter of 2023. Upon completion of the transaction, Newton Group’s shareholding ratio in Evergrande will account for 27.5% of the total number of issued ordinary shares after the expansion.

However, the deal is subject to 19 preconditions, including the entry into force of the China Evergrande workout and the absence of material adverse events.

The car has lost more than 110 billion in 5 years

According to Hengda Automobile previously disclosed that all the funds invested in this war will be used for Hengda Automobile’s Tianjin factory to ensure the normal production of Hengchi 5 and the successive mass production of Hengchi 6 and 7. In addition, Newton Group will also assist Hengda Automobile to develop overseas markets and achieve the annual export of 30,000-50,000 Hengchi vehicles to the Middle East.

In 2023, Hengda’s total revenue is 1.34 billion yuan, of which more than 1.10 billion yuan comes from property sales, accounting for more than 90% of the overall revenue.

Hengda Automobile lost 11.995 billion yuan last year (27.664 billion yuan in 2022). Statistics show that Hengda Automobile has been building cars for 5 years, with a cumulative loss of 110.841 billion yuan and a cumulative delivery of 1389 units.

As of the end of last year, Hengda’s total assets 34.851 billion yuan; total liabilities 72.543 billion yuan, of which, loans 26.484 billion yuan, trade and other payables 43.012 billion yuan, other liabilities 3.047 billion yuan.

As of the end of last year, Hengda Automobile was involved in the outstanding debts of about 9.447 billion yuan; on December 31, 2023, the group’s overdue commercial tickets accumulated about 3.401 billion yuan. In addition, the number of pending proceedings with a target amount of more than 30 million yuan totaled 68 pieces, and the total amount of the target amount totaled about 13.608 billion yuan.