After a lapse of 12 years, the excess reserve ratio will be lowered again. In the industry, banks will be forced to increase loans.

  Sino-Singapore Jingwei client April 4 (Wei Wei) Every Friday, there will be major events. On April 3, the central bank released two heavy news. First, it lowered the deposit reserve ratio for small and medium-sized banks by 1 percentage point and released long-term funds. About 400 billion yuan; Second, since April 7, the interest rate of excess deposit reserve of financial institutions in the central bank has been lowered from 0.72% to 0.35%.

  Less than 20 days later, the central bank announced the targeted cuts to required reserve ratios again, and after a lapse of 12 years, it resumed lowering the interest rate of excess deposit reserve. What is the significance behind the central bank? What impact will it have on the people’s money bags?

  Small and medium-sized banks were selected for the third RRR cut during the year.

  It is reported that this RRR cut is the third RRR cut during the year. On January 1 and March 16 this year, the central bank conducted a comprehensive RRR cut and a inclusive finance targeted cuts to required reserve ratios respectively, which released 800 billion yuan and 550 billion yuan respectively.

  Only after more than half a month, the central bank once again to the small and medium-sized bank targeted cuts to required reserve ratios. The specific content is to reduce the deposit reserve ratio by 1 percentage point for rural credit cooperatives, rural commercial banks, rural cooperative banks, rural banks and city commercial banks operating only in provincial administrative areas, and implement it twice on April 15 and May 15, with each reduction of 0.5 percentage point, releasing a total of about 400 billion yuan of long-term funds. According to the introduction of the central bank, after the RRR cut, the deposit reserve ratio of more than 4,000 small and medium-sized deposit-taking financial institutions dropped to 6%.

  On March 31st, the the State Council executive meeting decided to further strengthen the inclusive financial support measures for small and medium-sized enterprises, including further implementing the targeted cuts to required reserve ratios for small and medium-sized banks, and guiding small and medium-sized banks to provide loans to small and medium-sized enterprises with a wide range of preferential interest rates.

  "This RRR cut is the third RRR cut this year. Such a high-frequency RRR cut not only reflects the gradual exertion of countercyclical regulation, but also shows the urgency of epidemic prevention and control and economic recovery and development." Wen Bin, chief researcher of China Minsheng Bank, told Zhongxin Jingwei client.

  Why did small and medium-sized banks choose this RRR cut? Wen Bin explained that on the one hand, due to the large number of small and medium-sized banks, the number of them accounts for 99% in the banking system, and they are rooted in the grassroots and are inherently inclusive, which is an unattainable force for serving small and medium-sized enterprises at the grassroots level; On the other hand, on March 16th, targeted cuts to required reserve ratios, both large banks and joint-stock banks received a large degree of preferential reserve ratio, so this targeted cuts to required reserve ratios targeted at small and medium-sized banks. The release of long-term funds through this RRR cut will help support small and medium-sized banks to better focus on their main business, increase credit supply to small and medium-sized enterprises, reduce financing costs, and achieve accurate relief.

  Li Qilin, chief economist of Yuekai Securities and president of the research institute, analyzed that in 2018-2019, the supervision continued to strengthen the importance of inclusive finance, and after the inclusive finance loan requirements were put forward for banking financial institutions, all banks and small banks were making efforts in inclusive finance business. However, big banks have cheaper liabilities, are more willing to invest, and can quote lower loan interest rates to small and micro enterprises. In contrast, the competitiveness of small banks is obviously weaker, and it is more difficult to achieve regulatory targets. Now targeted cuts to required reserve ratios, plus the previous refinancing and rediscounting of more than one trillion yuan, can make small and medium-sized banks have enough cheap debts, give them more chips to serve small and micro enterprises and other inclusive customers, and better compete with big banks.

  However, Li Qilin further expressed his concern about the risk of lending. He believed that for some small banks in areas with underdeveloped economy and few customers of high-quality small and micro enterprises, they may not be willing to expand their risk exposure and lend to high-risk enterprises even if they have more cheap debts. However, the RRR cut has at least diluted the debt cost of these banks, protected their interest margins and profits, and made them better cope with the risks brought by the deterioration of asset quality in the depressed economic environment.

  Reduce the excess reserve interest rate after 12 years.

  What is the excess reserve interest rate? The central bank explained that the excess reserve is the money that deposit-taking financial institutions voluntarily deposit in the central bank after paying the statutory reserve, which is at the discretion of banks and can be used for liquidation and cash withdrawal at any time. The People’s Bank of China pays interest on the excess reserve, and its interest rate is the excess reserve interest rate.

  In fact, the last time the interest rate of excess reserve was lowered was back to 2008, when the interest rate was lowered from 0.99% to 0.72%, and it has not been adjusted since then. The central bank said that lowering the interest rate of excess reserve from 0.72% to 0.35% this time can promote banks to improve the efficiency of capital use and promote banks to better serve the real economy, especially small and medium-sized enterprises.

  "This tool is mainly to force commercial banks to increase credit supply. The excess reserve interest rate is the rate of return that banks get by putting their deposits in the central bank. Now the decline of this interest rate actually encourages banks not to put all their money in the central bank, but to lend their money out to support the real economy. The European Central Bank’s excess reserve interest rate is negative, which means that banks have to charge for putting money in the central bank. In fact, it is also to force banks to lend. " Ming Ming, deputy director of CITIC Securities Research Institute, analyzed the Sino-Singapore Jingwei client.

  Wang Qing, chief macro analyst of Oriental Jincheng, explained that it is generally believed that the excess deposit reserve interest rate (also known as "excess deposit interest rate") is the lower limit of the interest rate corridor in China. Considering that the 7-day reverse repurchase interest rate and MLF interest rate in the previous policy interest rate system have been adjusted 2-3 times, the reduction of the over-reserve interest rate reflects the linkage of the policy interest rate system to a certain extent, which is helpful to maintain the orderly operation of the interest rate corridor.

  Wang Qing also believes that the central bank’s sharp reduction of the interest rate on excess reserves is actually urging commercial banks to increase their lending to enterprises, and not to hoard the liquidity released by the central bank in their own hands or deposit it in the money market. Recently, the average value of DR007 has been significantly lower than the central bank’s 7-day reverse repo rate. This means that under the current situation, the central bank hopes to see the growth rate of RMB credit further accelerated, especially in terms of the growth rate of credit supply to small and medium-sized enterprises. It is expected that the growth rate of RMB loans in financial data in the coming months is expected to accelerate.

  Financial yield may be lower.

  Will the reduction of interest rates on targeted cuts to required reserve ratios and excess deposit reserve affect the bank’s financial yield?

  "As the investment yield of the entire banking system declines, in the long run, the financial yield will drop significantly." Clearly stated.

  Yin Yanmin, an analyst at Rong 360 Big Data Research Institute, analyzed the client of Zhongxin Jingwei, saying that monetary policy continues to be loose and funds are continuously released to the market. For fixed-income investment products, the overall income level will further decline, and the income of bank wealth management products and money funds will continue to decline in the future, and low-risk fixed-income products with high yield will become less and less.

  She suggested that investors with low risk tolerance should try to choose medium and long-term wealth management products if their liquidity requirements are low, and lock in a relatively high rate of return in advance.

  Limited impact on the stock market and property market.

  According to wind statistics, since November 2011, the central bank has lowered the RRR for 20 times (including targeted cuts to required reserve ratios). According to the announcement of the stock market’s ups and downs the next day, the Shanghai Composite Index has fallen for 9 times and rose for 11 times, which has different impacts on the A-share market.

  Yang Delong, chief economist of Qianhai Open Source Fund, told Zhongxin Jingwei that the valuation of the A-share market is now at the bottom of history, and the P/E ratio of SSE 50 is only 9 times, which is in a state of falling, so there is no condition for a sharp decline in the market.

  He believes that if the A-share market really wants to strengthen, it needs to wait until the overseas epidemic turns to an inflection point, and the number of confirmed cases in the United States and Japan tends to decline, then it will really usher in a chance of a sharp rebound. In the short term, the market is more structural. It is suggested that investors can look for opportunities from the three major directions of consumption, brokerage and technology, especially some consumer industries that were greatly affected by the epidemic in the first quarter, and now they are gradually recovering, and white horse stocks are also welcoming a new round of opportunities. It is suggested that investors can actively lay out.

  In addition, many people are concerned about whether the RRR cut will have an impact on the property market. In this regard, Zhang Dawei, chief analyst of Zhongyuan Real Estate, pointed out that the RRR cut is not for real estate, but to reduce the financing cost of enterprises. The Central Economic Work Conference also proposed that a prudent monetary policy should be flexible and moderate, maintain a reasonable and sufficient liquidity, and increase the scale of monetary credit and social financing in line with economic development to reduce the cost of social financing. Under the clear requirements of "housing and not speculating" and "not using real estate as a short-term means to stimulate the economy", the funds released by the RRR cut are strictly controlled to enter the real estate field.

  Zhang Dawei believes that although the RRR cut for small and medium-sized banks has little direct impact on real estate, historically, as long as it is lowered, it will be good for real estate, which can alleviate the financial pressure of real estate enterprises, and in addition, it can also obtain relatively stable credit prices for home buyers’ mortgages.

  MLF interest rate and LPR quotation are expected to go down in April.

  So how will monetary policy go in the future? Many industry experts believe that China is at the critical stage of resuming work and production, and steady growth will surely become the core task of economic development throughout the year. In the future, the monetary policy should be adjusted against the cycle, the transmission channels of monetary policy should be dredged, and the actual financing cost of enterprises should be gradually reduced.

  Dong Ximiao, a special researcher at the National Finance and Development Laboratory, told the client of Zhongxin Jingwei that in the early stage, the banking industry generally reduced profits and fees for the prevention and control of epidemic situation and the resumption of production. In the case that the profit growth of banks is affected, the benchmark deposit interest rate can be lowered in a timely and appropriate manner to further reduce the debt cost of banks and enhance the initiative and sustainability of banks’ service improvement. For small and medium-sized banks, it is more important to help broaden debt channels, enrich debt sources and allow more flexible interest rate floating space.

  At the same time, we should further reform and improve the LPR related mechanism and deepen the market-oriented reform of loan interest rates. At present, we should step up the conversion of the pricing benchmark of existing floating interest rate loans, unblock the transmission channels of monetary policy by means of reform, and promote the gradual decline of the actual financing costs of enterprises.

  Wen Bin believes that in the next stage, it is still necessary to continue to increase countercyclical adjustment and reduce the cost of social financing, which is the core work of monetary policy. It is expected that the central bank will lower the MLF interest rate and guide the LPR to go down before the LPR is announced in April. In addition, the upcoming 1 trillion yuan refinancing rediscount, 300 billion yuan micro-financial bonds, and 1 trillion yuan more corporate credit bonds than the previous year will all help broaden the low-cost financing channels for small and medium-sized enterprises.

  Wang Qing pointed out that MLF interest rate and LPR quotation are expected to resume downward trend in April, and the counter-cyclical adjustment of monetary policy will be significantly strengthened. Considering that the central bank’s 7-day reverse repo rate has been lowered by 20 basis points on March 30, it is expected that the bidding rate for routine MLF operations will also be lowered by the same amount this month. This will drive the one-year LPR quotation to resume its downward trend on April 20, and it is estimated that the downward trend will also be 20 basis points, and the five-year LPR quotation may also decline by 10 basis points.

  He analyzed that the lower LPR quotation will drive the bank loan interest rate to drop even more, and from the perspective of the bank’s capital source, the lower money market interest rate can’t make up for the bank’s loss in net interest margin. Considering the macro-economic factors such as cost reduction, inflation control and risk prevention, the benchmark deposit interest rate may have a small downward adjustment space of about 0.25 percentage points, and it is more likely to be implemented after the CPI drops significantly year-on-year in the second half of the year. This means that in the coming period, in order to effectively reduce the financing costs of enterprises, banks will make moderate profits to the real economy. (Zhongxin Jingwei APP)

REE air conditioner will not die, Gree Dong Mingzhu can’t sleep well!

Today, I saw a picture of REE air conditioner in the "wrench community" in the park. Both the REE trademark and the name "Hongli" are very similar to Gree. A closer look on the Internet shows that there are more frightening contents: the air-conditioning manufacturer Zhongke Hongli Group not only owns two brands, namely "REE Hongli" and "Jinghong Hongli", but also the legal persons of Jinghong Air Conditioning (Jiangsu) Co., Ltd. and Zhongke Hongli Electric Appliance (Tianjin) Co., Ltd. are both "Dong Mingzhu".

Many people who don’t know the inside story will see that the legal person of the company is Dong Mingzhu, and the company brands "REE Hongli" and "Jinghong Hongli" are similar to Gree air conditioners and Jinghong refrigerators, so they naturally think that this company is owned by Gree Dong Mingzhu.

▲ Zhongke Hongli Dong Mingzhu Information

I didn’t expect this to turn out to be a big lie. This Dong Mingzhu is not Gree Dong Mingzhu, but some air-conditioning manufacturers who tried their best to find a person with the same name as Gree Dong Mingzhu to register the company, and then they swindled themselves in the market as Gree. This Zhongke Hongli company has gone a step further than those ordinary famous brands, but it’s a pity that such a clever IQ is not used on the right path.

▲ Gree Electric Dong Mingzhu Information

From the above comparison, it can be seen that the famous brands in the home appliance industry have reached the point of "doing all kinds of evil", and Gree Dong Mingzhu, a counterfeiter, has repeatedly declared his opposition, but there is nothing he can do about it.

Fortunately, the recent spate of holidays in Pinduoduo has attracted the attention of the national regulatory authorities, and a massive anti-counterfeiting campaign is under way. On August 1st, official website, the State Administration of Market Supervision, issued an important news, saying that the State Administration of Market Supervision required local industrial and commercial and market supervision departments to seriously investigate and inspect the problems reflected by the media and complaints and reports from consumers and trademark owners about selling fake products and brand-name products on the Pinduoduo platform. No matter whether it is a third-party platform or an operator within the platform, as long as it constitutes an illegal act, it will be dealt with seriously according to law.

For these counterfeiters who have tried their best, Wrench thinks that all friends of home appliance dealers should take a long-term view. Speculation may make a short-term profit, but in the future, the market will be dominated by genuine brands. We should not help others and stay away from these counterfeiters.

GEE will never die next to famous brands, and Gree Dong Mingzhu can’t sleep. In the face of these fake goods flying around the market, every household appliance user is frightened. If China’s home appliance industry wants to go further, it must shovel the cancer of the market, otherwise it will destroy the Great Wall.

Announcement of State Taxation Administration of The People’s Republic of China on Relevant Matters Concerning the Use of VAT Electronic Ordinary Invoice

State Taxation Administration of The People’s Republic of China Announcement No.41 of 2018

  In order to ensure the smooth progress of the reform of the national tax and local tax collection and management system and ensure the orderly connection and smooth transition of the VAT electronic ordinary invoice before and after the reform, the relevant matters concerning the use of the VAT electronic ordinary invoice are hereby announced as follows:

  1. After the listing of the new tax agency, the tax bureaus of all provinces, autonomous regions, municipalities directly under the Central Government and cities under separate state planning in State Taxation Administration of The People’s Republic of China [hereinafter referred to as "the tax bureaus of all provinces (autonomous regions and municipalities)"] will start to use the new invoice producer seal. The invoice producer seal on the format file of VAT electronic ordinary invoice (including toll road toll VAT electronic ordinary invoice, the same below) is correspondingly amended as the invoice producer seal newly activated by the tax bureaus of all provinces (autonomous regions and municipalities).

  2. The newly-launched invoice producer seal is oval in shape, with a major axis of 3 cm, a minor axis of 2 cm and a side width of 0.1 cm. A thin line is engraved on the inner ring, with the words "National Unified Invoice Producer Seal" engraved on the upper ring, the words "State Taxation Administration of The People’s Republic of China" engraved in the middle, and the words "XX Provincial (autonomous region, city) Taxation Bureau" engraved on the lower ring, for example, "Jiangsu Provincial Taxation Bureau". The font is 7 points in italics, and the printing color is big red. See the attachment for the newly enabled invoice producer seal style.

  3. Taxpayers should complete the upgrade of self-built electronic invoice service platform and third-party electronic invoice service platform before December 31, 2018. After upgrading the electronic invoice service platform, the format file of the generated VAT electronic ordinary invoice uses the invoice producer seal newly activated by the tax bureaus of various provinces (autonomous regions and municipalities). Before the electronic invoice service platform is upgraded, the format file of the generated VAT electronic ordinary invoice can continue to use the invoice producer seal of the original State Taxation Bureau of all provinces, autonomous regions, municipalities directly under the Central Government and cities with separate plans.

  Four, the provinces (autonomous regions and municipalities) tax bureau should use a variety of channels, and earnestly do a good job in the publicity and interpretation of the use of VAT electronic ordinary invoices. It is necessary to take multiple measures and make solid progress, timely and accurately inform taxpayers and third-party electronic invoice service platform operators of relevant policies and regulations, and urge them to complete the upgrade of electronic invoice service platform on time.

  V. Announcement of State Taxation Administration of The People’s Republic of China on Issues Concerning the Implementation of VAT Electronic General Invoice Issued by VAT Electronic Invoice System (State Taxation Administration of The People’s Republic of China Announcement No.84 of 2015 and State Taxation Administration of The People’s Republic of China Announcement No.31 of 2018) The invoice producer seal in Appendix 1 of VAT electronic general invoice sample shall be adjusted according to the provisions of this announcement.

  This announcement shall come into force as of the date of promulgation.

  It is hereby announced.

State Administration of Taxation (SAT)

July 23, 2018

Central Meteorological Observatory: In the next ten days, rainy weather and high temperature weather in southern China will be stationed in Huanghuai and other places in North China.

    Cctv newsAccording to the website of the Central Meteorological Observatory, yesterday, there were obvious rainy weather in southern Huanghuai, Jianghuai, Jianghan, northern Jiangnan, eastern Southwest China and Northeast China, including Liangshan in Sichuan, Liupanshui and Bijie in Guizhou, Yunyang in Chongqing, Xiangxi and Huaihua in Hunan, Jingzhou in Hubei, Wuhan, Xianning, Ezhou, Huangshi, Fuyang in Anhui, Yangzhou in Jiangsu, Taizhou and Yancheng in Guizhou. It is estimated that in the next 10 days, the main rainfall areas will still be located in southern Huanghuai, Jianghuai, Jianghan, northern Jiangnan, eastern Sichuan Basin, southwestern Shaanxi, western Yunnan and southeastern Tibet. The precipitation in most of these areas is obviously higher than that in the same period of normal years.

  Today, there are heavy rains in parts of eastern and southern Hubei, central and southern Anhui, southern Jiangsu, northern Shanghai, northwestern Zhejiang, northeastern Hunan, northwestern Jiangxi and northwestern Guizhou, and heavy rains (100 ~ 180 mm) in southeastern Hubei, and some areas are accompanied by strong convective weather such as short-term heavy precipitation and thunderstorms.

  In addition, from July 1 ST to 5 th, there were heavy rains in southern Shaanxi, Sichuan Basin, Jianghan, south-central Huanghuai, Jianghuai and northern Jiangnan, and there were heavy rains in the local area, accompanied by strong convective weather such as short-term heavy precipitation and thunderstorms.

  In terms of temperature, it is expected that from June 30 to July 2, the high temperature weather in North China, Huanghuai and Fenwei Plain will continue, and the highest temperature in some areas will reach 40 C. In the next 10 days, the number of high temperature days in Beijing, Tianjin and Hebei will reach 8-9 days.

  The Central Meteorological Observatory continued to issue a yellow warning of high temperature this morning: during the day of June 30, Beijing, Tianjin, Hebei, central and northern Henan, western Shandong, southern Hunan, northwestern Hubei, central and southern Jiangxi, southern Zhejiang, central and northern Fujian, western and northeastern Guangxi, western Guangdong, Hainan Island, southern Yunnan, western and southeastern Inner Mongolia, central Gansu, Turpan Basin in Xinjiang and other places had high temperature of 35 ~ 37℃, among which

  Meteorologists reminded that in the next ten days, there will be many high temperature weather in Huanghuai and other places in North China. Please try to avoid outdoor activities during the high temperature period in the afternoon, and take measures to prevent heatstroke and heatstroke in external demand. There is a lot of rain in the south, and the accumulated rainfall in the local area is relatively large. The public should be alert to the adverse effects of heavy rainfall and strong convective weather on traffic travel and stay away from areas with high risk of meteorological disasters.

Sun Honglei: Musicals are the cleanest place in my heart.

  The musical Cat Who Wants to Become a Man was performed 20 years ago by the first musical class in China, the Grade 95 Musical Major of the Central Academy of Drama. Today, 20 years later, this work, which opens the professional performance of China musical, will be staged in poly theatre on June 23rd.

  Sun Honglei, a famous film and television actor who once performed this drama, told the Beijing Youth Daily reporter when he visited the class yesterday: "Musical is the cleanest place in my heart. It is very quiet and accompanies me every day."

Sun Honglei and his teacher Professor Niu Xinci.
Sun Honglei and his teacher Professor Niu Xinci.

  "Drama performance should be sincere"

  Yesterday afternoon, Sun Honglei, his former teachers, Professor Niu Xinci and Professor Liangbo Wang, and his classmate Qu Ning came to the rehearsal field and carefully watched the rehearsals of the actors. Seeing the actors performing the roles they played in those years, Sun Honglei was filled with emotion and held back her tears several times. Sun Honglei was surprised by the young actors’ good foundation and energetic performance. When the actors sang the theme song "Song of Friendship", Sun Honglei couldn’t help but echo it.

  Later, Sun Honglei made a serious comment on the performances of the actors. He said, "The Cat Who Wants to Become a Man is the soul of the 95 Musical Class of the Central Academy of Drama. I am surprised that you can perform like this in a short time."

  Later, he gave his own opinions and suggestions to each actor’s performance. He said: "It is most important to be sincere and truthful in theatrical performances, so be sincere in rehearsals and in studying roles at ordinary times. To play a cat is to observe the shape of the cat, and to play love is to really like each other. If the police chief Schwager likes Gillian, he must really like it, but not on the surface. "

  The "old saying" of the Central Academy of Drama

  In the interview, Sun Honglei said: "The rehearsal of" Cats Who Want to Be Human "was a revolutionary change in my life. I became an actor. Before that, I always wanted to be an actor, a singer, a host and a dancer. I found that what I like is performance. This play makes me a real actor and makes me an actor who can be recognized by everyone in the circle. "

  At that time, there was an old saying circulating in the Central Academy of Drama: the first thing that the performance department should occupy is the classroom of the performance department; The second is to occupy the "black box" of the performance department, and the third is to occupy the experimental theater of Chinese opera. If you occupy that theater, you will "occupy" China. You occupy the small theater and the big theater, and you have a chance to rush out of Asia.

  Sun Honglei especially believed in these words. He honestly went from the rehearsal field to the "black box" and then to the experimental theater. Seriously perform musicals every time. When I heard that Cat Who Wants to Become a Man was going to be rearranged, Sun Honglei said that on the one hand, she was worried that they would ruin the play, on the other hand, she particularly expected them to have a better breakthrough. "I was scared because I had seen too many people who ruined the play, but this time the director of the play was my classmate and the producer was my colleague when I worked in the Japanese Four Seasons Troupe. I think they have a conscience, so I must come to rehearsal in person before I know if they are. Today is one of the few happiest days in my life. "

  The pressure from the Japanese team

  Speaking of the impression when rehearsing this work at the Central Academy of Drama, Sun Honglei said, "I remember the pressure from the Japanese that impressed me the most. I have never seen such a rigorous team since the Japanese came. We have many things that are inferior to the Japanese in musicals. After all, we started late, but we have the advantage of being a latecomer. The uncle who played the role of Schwager has played this role in the Japanese Four Seasons Troupe for 11 years. How can we surpass it in just two months? How to talk to others about PK? If I want to start from myself, I must at least draw a tie, because you are the performance department of the Central Academy of Drama, and you should be good. "

  Sun Honglei couldn’t sleep every day at that time, thinking about the role of a recruit a type. At the premiere in Japan, Japanese actors Ichiro Kawano and Taita Asaki called him to the front and said, "You played very well, and in some ways you surpassed us Japanese actors." Sun Honglei told the reporter of Beiqing Daily: "The efforts of that year gave me a shot in the arm. Nothing is a curse, nothing is a myth. As long as I work hard, I have a chance. "

  Call for the establishment of musical talent guarantee mechanism

  Asked about Sun Honglei’s views on the cultivation of musical talents in China today, he said: "I think there is a break in the cultivation of musical talents now."

  A few days ago, Sun Honglei was with the younger brothers and sisters who studied musicals in the Dance Academy. They said, "Brother Hong Lei, we have nowhere to go. We have musicals every day, even if the money we earn is not enough for us to rent a house, it is only a few hundred dollars."

  Sun Honglei was very emotional when he heard this. He wanted to appeal to colleges and universities not to go with the flow, but to support what they should support, and to preserve sophisticated art. "Musical talents are trained without receiving units, and there is no mechanism. Where do children go after graduation? What unit can receive them? Even if it is a private or national academy, this is something that we should consider carefully in the development of our musical drama. "

  As for when he will return to the musical stage, he said: "There must be good plays, especially musical comedies like Cat Who Wants to Become a Man, and of course, there are plays like Don Quixote and Les Miserables. If there are such good plays, I think it is possible to return to the stage."

  Text/reporter Lun Bing

  Photography/reporter Cui Jun

Spent 478,000 yuan to buy Mercedes EQE, which can run and install.

For most office workers, the first demand for buying a car is to travel instead of walking, and considering practicality, many of them can meet this requirement. For a car, you can’t talk about heroes purely by the quality of dynamic performance, just like other aspects of performance are also worth talking about. The following small series will tell you in detail.

Let’s take a look at the appearance of Mercedes-Benz EQE first. The design of the front of Mercedes-Benz EQE takes a comfortable route and looks more rounded. Then the simple headlight design is adopted, and the visual effect looks quite clean and refreshing. The car is equipped with LED daytime running lights, automatic opening and closing, adaptive far and near light, automatic steering, delayed closing and so on. Come to the side of the car, the car body size is 4969MM*1906MM*1514MM, the car uses cold lines, the car body looks very young, with large-sized thick-walled tires, it looks full of sports. Looking back, the overall shape of the rear of the car echoes the front face, and the taillights look very unique, and the whole looks very fashionable and sporty.

In terms of interior, the interior presents a round design style, which is very simple and generous. The steering wheel of the car is very simple in shape, made of leather, and its practicality and face value are not bad. From the central control point of view, the central control screen with 12.8-inch touch OLED makes the interior design layered and looks exquisite. Let Xiaobian introduce the dashboard and seats. The dashboard design is remarkable and looks very fashionable. The car uses imitation leather seats, which are wide and thick and very comfortable to ride.

Mercedes-Benz EQE is equipped with a motor with a total power of 215KW and a total torque of 556N.m It has good acceleration, excellent cruising range and good power performance.

The car is equipped with car networking, driving mode selection, remote control key, interior atmosphere light, traction control (ASR/TCS, etc.) and other configurations, which is quite rich in functions, which is undoubtedly very friendly to drivers.

I wonder if you are excited about this car introduced today? If you are interested in it, you might as well learn more about it!

Nine models of Geely, the highest discount is 40,000 yuan, and the fourth-generation Emgrand is on sale at 58,900 yuan.

The New Year period has always been the off-season of the auto market, and it is also the time when many auto companies engage in sales promotion. In the past two days, the circle of friends of Spicy Brother was almost bombed by the preferential policies of major auto companies. Geely Automobile also launched a limited-time preferential activity, with a cash discount of up to 40,000 yuan.

Do you feel very excited, but don’t worry, and listen to the spicy brother’s interpretation one by one. First of all, this "supreme" means that all kinds of concessions are combined to make up 40,000 yuan. In addition to the cash discount on the car price, it also includes preferential policies such as interest-free loans of 100,000 yuan and replacement subsidies of 10,000 yuan.

Of course, compared with the usual discount, Geely’s discount this time is still relatively strong, and the comprehensive discount of 40,000 yuan is basically real money. In terms of specific models, there are 9 models including Geely Bo Yue COOL, Xingrui, Emgrand L HiP, Bo Yue L, Xingyue L, Haoyue L, 4th generation Emgrand, Xinbinyue and Binrui COOL.

According to the official information given by Geely, the current price of the fourth-generation Emgrand new car starts from 58,900 yuan; Xinbinyue started to sell for 65,800 yuan; Binrui COOL starts at 78,900 yuan; Bo Yue COOL starts at 94,800 yuan; Bo Yue L starts at 109,700; Xingrui started to sell 108,700; Xingyue L sells for 145,200 yuan;

The above concessions are all unified concessions given by Geely manufacturers nationwide, of which the price of Geely Xingrui car is 16,000 yuan; The price of Xingyue L car is 20,000 yuan, which is still relatively strong. You can also learn about other models through various official channels of Geely.

In addition, through communication with our local Geely dealers, it is found that some dealers can continue to increase the price by cash discount, gift maintenance, etc. on the basis of manufacturers’ preferential treatment, so as to further reduce the pressure on the buyers.

In terms of vehicle model recommendation, if young people who are stepping into the society buy a car, I personally suggest starting with the new Binyue. Although it is a small SUV, the interior space of the car can also meet the needs of many people, and the chassis of this car is well tuned, which is more fun to drive and more economical in fuel consumption.

If you want to be a family scooter, it is recommended to choose Geely Bo Yue series, with large space and rich configuration, and a relatively balanced power and fuel consumption.

As for Geely Xingrui 2.0T and Xingyue L, although they have advantages in terms of price, configuration and power compared with the medium-sized joint venture vehicles of the same level, the target users of these two vehicles are actually people who can consume joint venture vehicles of more than 200,000 class.

Because the fuel consumption of Geely Xingrui and Xingyue L is not low, and it is necessary to add 95 # gasoline, the monthly fuel cost will be relatively high. Therefore, it is necessary to calculate this account before starting. In the author’s fan base, many riders only look at the car price and do not calculate the use cost. As a result, they regret it because of pressure.

Today, we only talked about the preferential policies of Geely Automobile. In fact, various automobile companies have recently introduced relatively powerful preferential policies. If there are plans to buy a car in the near future, it is recommended to learn more and compare. Finally, I wish you the Year of the Loong Ankang and Changle Weiyang! ?

Lei Jun’s major decision: temporarily quit!

  Author: Lei Chen

  Compilation of Luo Yifan and Li Yutong

  "Xiaomi SU7 is conducting a comprehensive road test nationwide, and we are currently making final preparations for the listing of Xiaomi SU7."Lei Jun, chairman and CEO of Xiaomi Group (1810.HK), released Weibo on the evening of February 4th, saying that in order to concentrate more on the automobile business, he would leave the Xiaomi mobile phone conference temporarily, and Lu Weibing, president of Xiaomi Group, would also be the general manager of Xiaomi brand and give a lecture on the Xiaomi mobile phone conference.

  Lei Jun said,In the future, the Xiaomi mobile phone conference will be given by Lu Weibing, and the first game will be Xiaomi 14Ultra.At the same time, the mobile phone business has always been the core business of Xiaomi, and he will continue to maintain enough energy input.

  

  Subsequently, Lu Weibing forwarded the above-mentioned Weibo and responded: "Thank you for your trust. Being the general manager of Xiaomi brand is a great responsibility and a glorious mission. We will go all out and make continuous progress in the established direction. Xiaomi 14Ultra released the meeting! " Up to now, the release time of 14Ultra has not been announced.

  

  (Source: Weibo screenshot)

  According to official website of Xiaomi Group, Lu Weibing joined Xiaomi Group in 2019, and has been responsible for the sales management in China and the international department, as well as the creation of Redmi brand, product planning, production, sales and marketing. He is currently a partner and president of Xiaomi Group and concurrently serves as the president of the international business department, in charge of the mobile phone department, the ecological chain department, the household appliances department, the China district and the Indian district.

  

  In addition, Lei Jun also announced that Wang Teng would replace Lu Weibing as the general manager of Redmi brand. In September last year, Wang Teng returned to the headquarters after his rotation as the general manager of Xiaomi Henan Branch, and became the general manager of Redmi market and the spokesman of Redmi brand.

  Complete the last link of the ecological chain

  After several years of layout, internet technology companies have woven their own industrial ecological chains, driven by core technologies, and promoted the consumption cycle ability of all products.

  In the eyes of the industry,Building a car by Xiaomi is expected to complete the last link in the Xiaomi ecological chain-a large mobile terminal, and become one of the most comprehensive manufacturers of intelligent mid-range ecological layout in the world.

  In recent years, Lei Jun has shifted the focus of his work to the automobile business.

  On March 30, 2021, Xiaomi officially announced the car. Lei Jun has made it clear that Xiaomi Automobile is the last major entrepreneurial project in his life, and he is willing to put all his reputation in life and personally lead the team to fight for Xiaomi Automobile.

  In August 2021, Xiaomi Automobile held its first public event in Beijing, and released the design concept and technical route of Xiaomi Automobile. In January 2022, Xiaomi Automobile announced the construction of automobile factories in five places; In March 2022, Xiaomi Automobile released the first concept car "Xiaomi Automobile 1"; In August 2022, Xiaomi Automobile announced the completion of the A round of financing, with a financing amount of 10.8 billion yuan; In January 2023, Xiaomi Automobile announced that it would launch the first production car in 2024.

  On December 28th, 2023, Xiaomi held the Xiaomi Automobile Technology Conference in Beijing, and Xiaomi CEO Lei Jun pre-released Xiaomi SU7 on the spot. The day after the appearance of Xiaomi SU7, Xiaomi Group officially signed a letter of intent for cooperation with the first batch of 14 sales and service partners at its Beijing headquarters.

  On January 2nd, Xiaomi Auto officially announced the recruitment of Xiaomi Auto Sales and Service Integrated Store (2S) in 17 cities including Suzhou, Chongqing, Ningbo, Nanjing, etc., and the recruitment targets were the top 100 auto dealer groups or regional strong business partners. The channel mode of Xiaomi automobile is officially determined as "1+N" mode.

  At present, the price of Xiaomi SU7 has not been announced yet. However, Lei Jun once made it clear: "Now the automobile industry is really rolling, but Xiaomi has grown from small to large and has never been afraid. Xiaomi SU7 currently has no rivals within 500,000, and there is no plan to launch Redmi car at present. "

  Lei Jun will continue to build cars by immersion, paving the way for the commercialization of Xiaomi SU7. 21st century business herald reporter learned that the first floor of the building where Lei Jun’s office is located is Xiaomi’s global flagship headquarters, and Xiaomi SU7 has recently occupied the "C position" in the store, and sometimes some Xiaomi employees from other places stopped to watch and discuss.

  

  (Source: 21st century business herald reporter, photo taken on January 24, 2024)

  Xiaomi automobile ecological chain chess game

  On February 4th, a person close to Xiaomi Group told 21st century business herald that Xiaomi Automobile has a factory in Yizhuang, but there is no more information to disclose about the first car off the assembly line at present.

  In fact, Xiaomi did not build a car in a day. Before the official announcement of building a car, as a new entrant to build a car,In the early stage, Xiaomi has begun to complete automobile-related technologies through investment and equity participation, and proactively laid out competitive focus areas such as smart driving.

  According to Debon Securities, Xiaomi has laid out the whole automobile industry chain through Shunwei Capital, Xiaomi Changjiang Industry Fund and Xiaomi Private Equity Fund, covering the core smart car hardware fields such as on-board chips, lidar, visual sensing, intelligent cockpit, intelligent driving and power battery.

  In the field of in-vehicle chips, in June 2020, Xiaomi Group participated in the A+ round investment of BYD Semiconductor; In October 2020, Xiaomi Group participated in the CMOS image sensor chip design company Sitway; In October 2020, Xiaomi Group participated in the A+ round of financing of Lingming Photonics, a 3D sensor chip manufacturer; In July 2021, Xiaomi Group participated in the strategic round of financing of Black Sesame Intelligent Technology, and led its C round of financing in September.

  In the field of lidar, in January 2019, Shunwei Capital participated in the financing of Beixing Photon B+ round of lidar developer, and continued to participate in Beixing Photon C round in December 2022; In June 2021, Xiaomi Group led the investment in the D round of financing of Hesai Technology, and invested in the D+ round alone in November; In August, 2021, Shunwei Capital participated in the B+ round of financing of Tudatong, a developer of lidar intelligent sensing; In September, 2023, Xiaomi Group took the lead in the strategic round of exploration technology.

  In the field of visual sensors, in July 2020, Xiaomi Group strategically invested in Chengrui Optics, a provider of optical products and optical solutions; In February 2021, Xiaomi Group invested in the MEMS sensor company Sirui Technology; In July 2021, Xiaomi Group participated in the C-round financing of French machine vision company Puno Freescale.

  In the field of intelligent cockpit, in May 2016, Shunwei Capital and Xiaomi Group both participated in the A-round financing of Die Ya Information Technology, an in-vehicle intelligent hardware manufacturer; In April, 2020, Xiaomi Group invested exclusively in the B+ wheel of Botai Automobile Federation, a car networking enterprise.

  In the field of intelligent driving, in January 2017, Shunwei Capital participated in the A+ round of financing of Chusu Technology, participated in its B round of financing in July 2017, and participated in the C round of financing in March 2021; In June 2017, Shunwei Capital participated in the A round of financing of Zhixing, and in April 2018, it participated in the B round of financing; In June 2021, Xiaomi Group led the D+ round of financing of Zongmu Technology; In July 2021, Xiaomi Group wholly acquired DeepMotion; for 77.37 million US dollars; In August 2021, Xiaomi Group took the lead in the Pre-A+ round of financing for geometric partners, and participated in its strategic financing in October 2021.

  The field of power batteries relates to power battery manufacturing and battery upstream industrial chain. In December 2018, Xiaomi Changjiang Industrial Fund strategically financed Zhuhai Guanyu; In December 2020, Xiaomi Group participated in the PreA round of financing of AVIC Lithium Battery; In July 2021, Xiaomi Group participated in the financing of 10.28 billion yuan in the B round of Honeycomb Energy, and in August, it led the investment in the strategic financing of Ganfeng Lithium Battery.

  Debon Securities Research Report predicts that under the blessing of a strong automobile investment ecosystem, everything is ready for the listing of SU7, and Xiaomi is expected to build a Xiaomi automobile technology tree and grow into another "catfish" of smart cars.

  SFC

  Editor of this issue Li Yutong Intern Song Jiayao

   21 jun recommended reading

How can the public prevent skiing injuries?

  Yang Wenxian of Provincial Institute of Physical Education and Sports

  In the past two years, people have been enthusiastic about skiing, but before that, skiing was still a very minority sport in China. However, nowadays, with the popularity of skiing culture, especially since the successful bid for the Winter Olympics, skiing has entered the public’s field of vision, and there are more and more snow fields in the country. Looking at all kinds of great gods galloping on the snow field on the internet, can’t you help but be eager to try? Let’s go skiing together today. The competition time of the Winter Olympics is coming to an end, and many wonderful competitions have been watched. The skiing events of the 2022 Winter Olympics include: platform skiing, freestyle skiing, alpine skiing, cross-country skiing, nordic combined and snowboarding. In order to let you watch the race better and participate in skiing, the author brings you today’s article.

  First, distinguish skiing events to help you watch the race better.

  There are many skiing events in this Winter Olympics. In order to watch the games better, let’s learn about the events first. The names of each event list can’t be clearly distinguished. Skiing events are divided into snowboarding and snowboarding in terms of the number of skateboards. The following is a detailed introduction:

  1. Double board skiing:

  (1) Ski jumping and freestyle skiing-skill events

  In order to fly farther and score higher, the skiers need to have super skills to fly farther.

  The greater the technical difficulty of freestyle skiing, the higher the score. The freestyle skiing in this Winter Olympics consists of seven events: aerial skills, snow skills, obstacle chasing, U-shaped field skills, slope obstacle skills, big platform, and aerial skills mixed groups.

  Gu Ailing’s advantage event is the skill event. She participated in three events in this Winter Olympics, namely, slope obstacle skill, U-shaped field skill and big platform jump.

  (2) Alpine skiing and cross-country skiing-speed events

  There are many flag gates on the track of alpine skiing, and athletes need to cross them.

  Cross-country skiing is like a ground marathon, which requires great endurance and physical strength.

  (3) nordic combined-Comprehensive Project

  This is a competition for men only, which lasts for 2 days. On the first day, I competed in platform skiing and on the second day, I competed in cross-country skiing.

  2. snowboarding

  Snowboarding is divided into racing category and skill category. Racing categories include: parallel slalom, obstacle chase, obstacle chase round group. Skills include: U-shaped court, obstacle breaking skills and big platform jumping.

  Second, how can the public prevent skiing injuries?

  With the east wind of Beijing Winter Olympics, this winter, the atmosphere of ice and snow is getting stronger and stronger, and more and more people are participating in this sport, and this sport has brought a lot of damage to the public. According to relevant surveys, mass skiers have more knee joint injuries, such as tearing and injury/strain of ligaments around the knee joint; In addition, there are many injuries to the head and neck, upper limbs and thumb. If you want to effectively avoid injury, you are advised to do the following:

  Step 1 wear protective gear

  Wear helmet and joint protection when skiing.

  2. Make full preparations.

  Full warm-up can make the body get high-efficiency physiological requirements and reduce the occurrence of injuries. Here are some professional skiing warm-up exercises to help you get into the state as soon as possible:

  (1) Warm-up of lower limbs

  Action 1: Lie on your back and lift your legs

  Lie on your back on the mat, first do hip extension under the condition of leg flexion and straight leg, then do adduction and abduction under the condition of leg flexion, and then do hip rotation exercises under the condition of leg flexion. Finally, under the conditions of supine and prone, the touch exercise of the opposite hand and foot was carried out. The schematic diagram is as follows:

  Action 2: Hip flexor stretching

  Stretching hip muscles can reduce hip muscle tension and increase hip flexibility. Kneel with legs apart, keep the trunk straight, slowly move the center of gravity forward, and tilt the upper body to the side of the front support leg. The schematic diagram is as follows:

  Action 3: lateral box jumping

  Practicing this movement can improve the control ability of hips and knees. Jump sideways from the box and keep your hips, knees and ankles aligned when landing. Increase the difficulty of action by swinging your arm or jumping a longer distance. The schematic diagram is as follows:

  (2) Warm up the core parts of the body

  Action 1: Static force of split leg side brace

  Practicing this movement can improve core strength and prevent injury. Elbow support, lift your body, keep it straight, raise your upper legs to the limit, lower your body to the starting position, and then do the next exercise. For 30 seconds in each group, practice 3 groups. The schematic diagram is as follows:

  Action 2: Start at both ends.

  Lie prone on the mat, lift and extend your arms and legs, tighten your shoulder blades, then put them down and repeat the exercise. The schematic diagram is as follows:

  (3) Turn to warm up

  Action 1: Kneeling and turning

  Turning exercises can help improve the flexibility of the trunk. Kneel on your knees, turn to your sides respectively, and touch your feet on the other side with your hands. The schematic diagram is as follows:

  Action 2: Thoracic Spine Rotation

  Hands on the ground, kneeling on the mat. Keep the pelvis still, and one arm drives the upper back to rotate. When practicing, keep your eyes on your arms and swing them. For 20 seconds in each group, practice 3 groups. The schematic diagram is as follows:

  Step 3 learn to fall

  All kinds of accidents are most likely to occur in ice and snow sports. Learn how to fall safely to better protect yourself.

  Double board: When the speed can’t be controlled during sliding, if you want to avoid falling, you can first try to lean forward and make a plow brake (make the tail of the double board open in a "V" shape during sliding); If you can’t brake or if you can’t slow down, you should take the initiative to fall down: throw away the poles, hold your body with your hands, squat down and fall to one side of your body, land with your ass, and remember to forbid hand support! (Hand support is easy to cause wrist fracture)

  Veneer: when sliding on the front edge, it is easy to fall forward. At this time, you should kneel down with your legs, lower your center of gravity, and stretch your hands forward as far as possible. The whole person is kneeling on the ground and lifting the snowboard. When the rear blade slides and falls, you should cross your arms on your chest, squat down with your legs to form a ball, roll back with your back on the ground, and lift the snowboard at the same time. Also remember to ban hand support!

  4. Other precautions

  (1) Avoid skiing due to fatigue or discomfort. Skiing consumes a lot of physical energy, and it is easy to cause injuries under fatigue.

  (2) Skiing should be studied step by step, and there should be no psychology of being competitive and eager for success.

  (3) Choose a suitable ski trail, and don’t blindly climb the advanced ski trail as soon as you learn to ski.

  Third, how to choose ski equipment?

  Step 1 snowboard

  For beginners, it is most convenient to rent ski equipment directly in the ski resort. You should also know the following points when choosing ski gear:

  (1) The longer the length of the snowboard, the greater the speed, the more difficult it is to ski, and the more difficult it is to control.

  (2) For beginners, the length of skateboard should be 20-30cm less than the height. For amateurs, snowboarding is generally lower than the height, easier to operate, more flexible in steering and easier to use.

  (3) You can choose a relatively soft and elastic skateboard. The skateboard with great elasticity will not be too fast, and it is easier to control, so it is safer.

  2. Ski suit

  You should choose a ski suit with the right size, so you can move freely. First of all, choose warm, waterproof and windproof fabrics. Secondly, it is ok to wear a ski suit and a jumpsuit, but when choosing, the pants must be high-waist; Clothes and trousers with adjustable cuffs and cuffs can effectively prevent snow from entering. Finally, it is best to choose eye-catching tones that have a color difference with white to avoid collision accidents.

  It is suggested to adopt the "sandwich" dressing method: quick-drying clothes/sweat-wicking underwear+warm middle layer+windproof and waterproof/professional ski coat to achieve the effect of sweating inside, keeping warm in the middle and waterproof outside.

  Choosing professional ski shoes can effectively keep warm and prevent injuries. When choosing ski shoes, it is best to try them on the spot. The most comfortable state is to let the feet have room to move inside the boots, but the sides of the ankles should not be loose. The back of the shoes should be strong and have certain endurance; Ensure that the calf can bend forward flexibly.

  In addition, ski masks, warm hats, ski gloves, ski socks, etc. should be prepared.

  3. Accessories and protective gear

  Ski pole, the ideal length is that when a person stands upright, the arm holding ski pole can touch the ground vertically at a 90-degree angle. Ski helmets should not be too tight or too loose after wearing. It is best to rent or buy them after trying them on the spot. Ski goggles, it is recommended to choose a fully enclosed ski goggles with thicker frame and anti-fogging.

  In addition, beginners are advised to wear joint protection and anti-fall pads.

Geely Emgrand’s hybrid version of alcohol and electricity is officially launched, with a price of 129,800, and only 0.3 yuan is needed per kilometer.

China’s energy resources structure is characterized by lack of oil, gas and coal. In 2020, China’s foreign dependence on crude oil will reach 73%, and that on natural gas will reach 43%. Therefore, this has also prompted methanol fuel to get enough attention and further reduce its dependence on oil and natural gas. At the same time, it has promoted the development of methanol vehicles in China to a certain extent. The most common methanol vehicles appear in taxis and heavy trucks.

In the field of passenger cars, the development of methanol vehicles has begun to take shape, and automobiles are one of the few companies with experience in methanol vehicle research and development in China.

On June 22nd, the world’s first hybrid car-Emgrand hybrid car was officially launched, with a price of 129,800 yuan. Based on the 4th generation Emgrand, this new car is equipped with an alcohol-electric hybrid engine and consumes 9.2L alcohol per 100 kilometers. It is worth mentioning that the official said that its use cost per kilometer only costs about 3 cents. In the face of the current "ultra-high" oil price, methanol cars can be called a small expert in saving money.

Since it is the world’s first hybrid car, I believe that Emgrand hybrid car must have advanced technology in the power level. Emgrand hybrid version is equipped with a new generation of 1.8L hybrid engine with a maximum power of 132 HP and a thermal efficiency of 41.5%. The world-class hybrid electric drive transmission is adopted, and the transmission efficiency is as high as 97.5%, so the alcohol consumption per 100 kilometers of this car is as low as 9.2L, and the travel cost per kilometer can be less than that of 0.3 yuan.

As for the battery, the car uses a 1.83kWh ternary lithium battery, which innovatively adopts three-sided luxury liquid cooling technology with a peak power of 65kW.

At the same time, methanol vehicles also have the advantages of economy and environmental protection. It is reported that the pollutants of Emgrand’s hybrid version of alcohol and electricity are only 5% of that of fuel vehicles, and its carbon emissions are only 3% of that of fuel vehicles. In addition, the Emgrand hybrid version also overcomes the problem of shrinking battery life of pure electric vehicles in winter, and the battery life in winter can reach twice that of pure electric vehicles.

In fact, as early as 2005, Automobiles started the research and development of methanol vehicles. So far, Automobiles have been deeply involved in this field for 17 years, with a total R&D investment of over 3 billion yuan. At present, the automobile has successfully developed a variety of methanol-powered and methanol vehicles, obtained more than 200 technical patents, and put a total of 27,000 methanol vehicles on the market, with a total mileage of over 8 billion kilometers.

At present, the automobile has completed diversified layout in the new energy market, and made efforts in hybrid, pure electricity, power exchange and methanol multi-track. A number of products equipped with Raytheon Power have entered the hybrid market; Geometric brand and krypton brand have a good performance in mainstream and high-end pure electricity market; In this year, a brand-new "brand for changing electricity"-Ruilan Automobile was launched, which officially opened the market for changing electricity; It is worth mentioning that it has been specially researched in the field of methanol vehicles for 17 years, and now the Emgrand hybrid version of alcohol and electricity has also been officially introduced to the market. The layout of multiple tracks is believed to further help the development of automobiles in the new energy market.