China Chengdu Ruicheng Automobile Service Co., Ltd. Company News

In recent years, the new force of car manufacturing led by Tesla has not only changed people's travel habits, but also changed many consumers' consumption habits through its direct stores in urban commercial districts. Now, brand image stores such as new energy vehicle direct stores and urban center stores are gradually shifting from brand standard to commercial district standard. However, although the direct Sony Store may seem tall and upscale, the significant investment is also a headache for new energy brands that urgently need to make profits. Therefore, Xiaopeng Automobile is starting to replace the direct stores with dealers.     Recently, according to domestic media reports, Xiaopeng Motors has recently reduced its 24 sales regions identified in March to 12 nationwide, and is gradually phasing out inefficient direct stores and expanding the size of its dealerships.   According to reports, Xiaopeng Automobile held a channel business meeting in early September and announced a channel change plan called the "Jupiter Plan". This plan is being promoted by President Wang Fengying, aiming to gradually replace the previous direct sales model with a distributor model to reduce operating costs and increase market coverage.   In order to verify the authenticity of the message, "Auto Pull Talk" consulted multiple direct stores of Xiaopeng Automobile in Beijing. The store staff stated that they have not received any notification yet, and all sales in the store are normal. However, they also stated that if there is no urgent need to buy a car, they can continue to pay attention. In the future, there will be room for negotiation of prices in the store with uncertain dealer models.   The direct sales model has advantages and disadvantages   The direct sales model has both advantages and disadvantages for manufacturers. Although it can improve the overall brand image, facilitate unified management, and avoid price wars for inventory clearance, it also brings huge financial pressure, continuously consuming the manufacturer's cash flow from store establishment to operation.   In the case of sufficient cash reserves, by predicting the market and sales, vehicles can continue to be sold in a direct sales model, but if sales are not good, it will become a "drag on" in financial reports.     Xiaopeng Motors sold 13690 units in August, with a total of 440 stores, resulting in an average sales volume of less than 32 units per store; It is difficult to maintain direct sales without losses, and the sales of each brand in different regions can vary significantly. Some stores can only sell three to five units in a month, which will inevitably result in losses. Therefore, adhering to the direct sales model is not meaningful.   At the beginning of this year, the proportion of Xiaopeng Automobile's direct sales model was 70%. At the second quarter financial report conference call this year, Xiaopeng Automobile Chairman He Xiaopeng once stated, "We need to carry out a drastic survival of the fittest in the sales network, and introduce excellent dealer partners at a faster pace to accelerate market share expansion in second and lower tier cities   According to reports, Xiaopeng Automobile is conducting channel optimization, closing some poorly managed direct stores, gradually increasing the authorization ratio, and introducing more dealers to third and fourth tier cities. According to the recruitment conditions for authorized dealers announced on the official website of Xiaopeng Automobile, the registered capital of the authorized operating company for agent dealers shall not be less than 10 million yuan, and the annual operating revenue of the automotive business sector shall be over 100 million yuan. The investment store needs to be located in the mainstream automotive shopping district of the city, with an actual usage area of no less than 1000 square meters, and a sales exhibition hall area of no less than 300 square meters.   What are the benefits of replacing direct sales with distributors?   As a representative of the new force in domestic car manufacturing, Wei Xiaoli's days today are also vastly different. In the second quarter of this year, Ideal has achieved three consecutive quarters of profitability. And NIO's loss further expanded, with a net loss of 6.056 billion yuan, an increase of 119.6% year-on-year. Xiaopeng's losses are also intensifying, with a net loss of 2.8 billion yuan in the second quarter.   Liu Qiang, a researcher in the automotive industry, stated that Ideal is the first to make profits, on the one hand because its adoption of incremental programming technology has obvious advantages in the market, and on the other hand, Ideal strictly controls cost management. Over the years, Ideal has strictly controlled costs in all aspects, from research and development to production and sales, all with meticulous planning. In the current fiercely competitive automotive market, cost control is also an important competitive advantage, and it is ideal to maintain competitiveness and achieve sustained profit growth through this approach.     So in order to achieve profitability as soon as possible and in the absence of a quick solution to reduce costs, both NIO and Xiaopeng mentioned "channel sinking" during the second quarter financial report conference call. Everything is prioritized by scale, after all, with sales, everything will come true.   Considering that it is not realistic to establish direct stores across the country and that the decline of direct stores is too slow and expensive, it is better to introduce distributors and quickly cover more markets with the money of investors.   Data shows that as of 2023, there are a total of 293 prefecture level cities, 388 county-level cities, or 681 cities in China. If we want to achieve one city, one store, the investment in store construction alone is an extremely large number that most car manufacturers cannot afford. So direct stores cannot be spread to every corner, and to fully cover the 1-4 level market, we must rely on third-party enterprises. The dealer authorization model can effectively control the cost investment in the automotive sales process, and can accelerate brand promotion and sales increase based on the brand awareness of its local dealers. At present, BYD and GAC Aian are able to become leaders in the new energy industry. On the one hand, their products have high cost-effectiveness, and on the other hand, they have a large number of distributors across the country. Once new products are released, they can directly reach third and fourth tier cities. This is currently something that many new car manufacturers cannot do, and it is also the key for the two to quickly increase their volume.   Early new energy vehicles, as a novelty, the direct sales model can provide a consistent standard service experience and achieve unified price control. However, with the increasingly fierce market competition environment, the drawbacks of the direct sales model's heavy asset operation are gradually becoming prominent. Nowadays, with the increasing penetration rate of new energy vehicles, reducing the number of direct stores and expanding the scale of agent dealers is becoming a new industry trend. For Xiaopeng Automobile, gradually replacing the direct sales model with the dealer model can reduce operating costs on the one hand; On the other hand, it can expand into a new market, better reach new users, and achieve sales growth. At present, in addition to Xiaopeng Automobile, new forces such as NIO and Geely Krypton are also undergoing similar channel adjustments. For these new forces, their brand image has been established now, and it is also time to go to third and fourth tier cities to reap more incremental benefits.                                    

In mid May 2021, the "model of the year" selection organized by the South African Guild of Motoring Journalists（SAGMJ）was held in Johannesburg, South Africa. As a dark horse, the GWM POER PICKUP has entered the final. It competed with Toyota Hilux for the title of "best model of the year 2021" in the double row pickup category, surpassing Ford, Isuzu and other brands. Since 1986, SAGMJ has been holding the "best model of the year in South Africa". The aim of the competition, according to the organizers, was to "recognize and award the best models in South Africa." After years of development, the title of "the best model of the year" is not only widely known in South Africa, but also gradually recognized internationally. Since its launch in South Africa in December 2020, the GWM POER has demonstrated its "super partner" character setting. It integrates scene activities into life, connects users' emotions, truly creates user value, cultural and strategic interest community, and enables users to deeply participate in understanding the brand and establish emotional connection with the brand. In addition, the GWM POER has also won the title of "best model" in Chile, Australia and New Zealand, and has been widely recognized internationally. Relying on the advantages of intelligence and safety, the GWM POER directly competes with strong brands in the market. Only five months after its launch in South Africa, the sales volume of double row pickup trucks has surpassed mainstream models such as Volkswagen Amarok and Mazda BT50, ranking fourth in the sales list.

The Chevrolet "MONZA" is a brand new compact sedan under SAIC General Motors Chevrolet, known as the Chevrolet "Cruze" in Chinese. The term MONZA originates from the famous Monza circuit in Italy and is a symbol of speed and passion. In Chevrolet's century old history, there are also several famous sports models named after it, indicating that this is a sedan with a strong sports manship.       In recent years, as the Chinese obsession with SUVs has gradually subsided, the sedan market remains the lifeline determining the development potential of the main engine factory. Due to the significant gap between Chevrolet and the Corus, a new Corus MONZA was officially launched on March 21, 2019 to fill the gap in the compact family sedan segment market.     The Chevrolet MONZA is positioned as a sporty compact family sedan, priced at around 80000 to 110000 yuan. Compared to the traditional sedan market dominated by the Corus and the sporty style Corus, the appearance of the Corus clearly highlights the positioning of a sports sedan.     The Chevrolet Monza adopts the latest family style sporty design style of Chevrolet, with the main vision of the front face in the upper part. The black through grille is connected to the sharp headlights on both sides, which visually widens the body. The overall appearance exudes a sense of power from American sports cars, and at this price point, Chevrolet hopes to win more votes from young consumers in competition with its competitors. At present, the main competitors of this car in the market are Volkswagen Lavida, Nissan Sylphy, Buick Excelle, etc.   As a family car aimed at young people, MONZA's eye-catching appearance and relatively low price are its biggest competitive advantages. Chevrolet is also equipped with both Redline and RS models for the first time in Shanghai, providing consumers with more choices in the fiercely competitive market. The wheelbase of this car reaches 2640, and the interior space is relatively spacious. In terms of power, it is equipped with 1.0T and 1.3T three cylinder engines, with a maximum power of 163 horsepower. The power is still sufficient for daily use, and the comprehensive fuel consumption per 100 kilometers is only 6.5 liters.   The Chevrolet "MONZA" is a brand new compact sedan under SAIC General Motors Chevrolet. SAIC GM 2024 Chevrolet Monza 1.5L Dual Clutch Enjoyment Plus Edition Sedan Automotive Export Cars For Sale  

At the 2023 Chengdu International Auto Show, the Gaohe brand (Human Horizons HiPhi Y 2023) made its debut and attracted the attention of many auto show visitors. The most eye-catching feature is the official debut of HiPhi Y, the third model of the Gaohe brand.     In terms of appearance, HiPhi Y offers six body colors for consumers to choose from, including Breeze Purple, Star Silver, Sunrise Red, Jade Grey, Wilderness Green, and Ice Crystal White. The new car adopts ISD intelligent interactive headlights composed of 828 LED light sources, which can not only be linked with intelligent entry and exit functions, HiPhi Show and other systems, but also support personalized expression customization through ISD DIY drawing boards in specific situations, achieving communication and interaction with the outside world.. The wind resistance coefficient is only 0.24, demonstrating excellent design craftsmanship. The new car has a length, width, and height of 4938 respectively × one thousand nine hundred and fifty-eight × 1658mm, with a wheelbase of 2950mm.     In terms of interior, HiPhi Y is equipped with a 12.3-inch high-definition LCD instrument panel, with a projection area of up to 22.9 inches for head up display. The entire series comes standard with a 9.2-inch streaming interior rearview mirror, and the central control screen is equipped with a Qualcomm 8155 chip. The new car offers three different interior themes, namely Moon Rock Grey, Smoke Purple, and Deep Sky Black.     In terms of intelligence, HiPhi Y is equipped with the HiPhi Pilot advanced driving assistance system, and the high-end models are equipped with 32 intelligent hardware, including 1 LiDAR, 5 millimeter wave radars, 12 ultrasonic radars, 3 front view cameras, 1 rear detection camera, 4 side detection cameras, 1 DMS camera, 4 surround view cameras, and 1 steering wheel release monitoring sensor. The application of these technologies provides drivers with higher safety and convenience.     In terms of power, HiPhi Y is equipped with a Ningde Times 115kWh ternary lithium battery pack. The single motor version has a CLTC operating range of 810km, while the dual motor version has a CLTC operating range of 765km. The four-wheel drive version is equipped with dual front and rear motors, with a peak power of 247kW for the rear motor and 124kW for the front motor. The new car is equipped with a full speed range active rear wheel steering system as standard throughout the entire series, providing better driving performance. The fastest acceleration time for 100 kilometers is only 4.7 seconds.     The official debut of Gaohe HiPhi Y marks the perfect integration of technology and luxury, leading a new trend in future travel. As a dynamic and forward-looking SUV, it embodies the innovative spirit of the Gaohe brand and brings more exciting possibilities to the new energy vehicle market. We look forward to the performance of HiPhi Y in the market, bringing more possibilities and innovation to future travel modes.   View more about Human Horizons HiPhi Y 2023, Hiphi Y 2023 colors available: Purple, Red, White, Gray, Green   2023 New Car Hiphi Z X Y Four-Seat In Stock High Speed Pure Electric hiphi chinese car New Vehicile Car Strong Power   Intelligent Driving EV Human Horizons HiPhi Y 2023 765km Range 4WD CATL Battery Electric Car China Pure Electric Vehicle    

In January-August 2022, Uzbekistan imported 1,499 electric vehicles from abroad worth US$46.4 million, the State Statistics Committee said. This year, imports of electric vehicles increased by 1,003 units compared to the corresponding period in 2021. Countries from which Uzbekistan imported the largest number of electric vehicles in January-August of this year: China – 1,300 units UAE - 110 Germany - 34 Hong Kong - 30 Other countries - 19 In 2021, 809 electric vehicles worth US.9 million were imported to Uzbekistan from 11 foreign countries. Compared to 2020, imports of electric vehicles increased by 679 units, or 6.2 times. Number of imported electric vehicles by the country: China - 724 Turkey - 24 USA - 22 Lithuania - 13 Germany - 12 Korea - 5 Spain - 2 Russia 2 Ukraine - 2 UAE - 2 Hong Kong - 1  

A cutthroat price war has erupted in the world’s largest automobile market. Within a week in March, Volkswagen’s Chinese joint venture slashed prices on its ID.3 electric cars by 18 percent. Changan Automobile, one of China’s state-owned car manufacturers, offered $3,000 cash rebates, free charging credits and other incentives for its electric vehicles. BYD, the country’s biggest E.V. maker, unveiled a second round of markdowns in a month for some of its older models. Amid slumping auto sales, car brands are going to extremes to stay competitive, offering dealership giveaways and deep discounts. Over 40 carmakers have discounted electric and gas-powered vehicles in China this year. The discounts have amounted to several hundred dollars for cheaper models, and tens of thousands of dollars for higher-end offerings. “The severity of this cycle of price cuts is something that I’ve never seen,” said Tu Le, a managing director at the Beijing consultancy Sino Auto Insights, who has worked in the automotive industry in China and the United States for 25 years. The price competition has unsettled what was a pillar of strength in the last few years, even as strict pandemic measures shook China’s economy and undermined efforts by the ruling Chinese Communist Party to instill confidence. This month, Wang Chuanfu, chairman and chief executive of BYD, proposed that the government extend tax exemptions, which reduce the cost of buying electric vehicles, to 2025 instead of allowing them to expire this year. And China’s Auto Dealers Chamber of Commerce published an article last month calling for a six-month delay in the new emissions standards. The price cuts are not limited to China. Tesla has also lowered prices in the United States and Europe, and its competitors have followed suit. But the intensity of competition reflects the reality that China is not only the biggest market for electric vehicles but also the most competitive.    

As oil prices continue to rise, the most important concern for car enthusiasts is the fuel consumption of their vehicles. Car enthusiasts say that SUV models have higher fuel consumption than sedan models, so how much higher is SUV fuel consumption than sedan models? (Sometimes, SUV oil consumption may be lower than Sedan for some models.)   Under normal circumstances, with the same displacement as the sedan model, the fuel consumption per 100 kilometers of the SUV model is about 2-3 liters higher than that of the sedan model. Because the body of an SUV model is larger than that of a sedan, it is also heavier than the weight of a sedan, and its wind resistance is also greater than that of a sedan, the fuel consumption of an SUV model is higher than that of a sedan model.     But SUV models also have certain advantages. The body of the SUV model is relatively high, the driving line of sight is wider, and the passing ability of the SUV model is better. If encountering uneven road surfaces, the SUV model can also pass smoothly. The chassis of sedan models is relatively low and the passability is not as high as that of SUVs. However, if the chassis is well tuned and has good driving comfort, it is more suitable for long-distance driving and can to some extent reduce driver fatigue.    

  On August 9th, the delivery ceremony of the Dongfeng Fengshen E70 electric taxi was held at the Aodong Electric Exchange Oceanwide Station in Jianghan District, Wuhan. 1000 Dongfeng Fengshen E70 electric taxis were delivered for use. This is the largest collective delivery of electric taxi exchanges in Wuhan, and it is also a major measure taken by Dongfeng Passenger Cars in collaboration with Aodong New Energy to promote the ecological construction of Wuhan's electric taxi exchange city.     As a national strategic emerging industry, new energy vehicles are an important support for the high-quality development of China's economy, and also play an important role in achieving carbon peak and carbon neutrality goals. In June 2022, the Wuhan Municipal People's Government issued the "Pilot Implementation Plan for the Application of New Energy Vehicle Power Exchange Mode", marking the official entry of Wuhan into the era of power exchange. As a local brand in Wuhan, Dongfeng Fengshen has actively responded and cooperated. Previously, more than 1300 electric taxis have been launched, contributing to the achievement of carbon peak and carbon neutrality goals in Wuhan.     The Dongfeng Fengshen E70 has been unanimously recognized by the industry and users as a "leader in ride hailing in China" due to its central enterprise quality and ultra-high cost-effectiveness of saving 50000 yuan per year compared to its peers in fuel vehicles. As of last year, the Dongfeng Fengshen E70 model had the highest sales volume of pure electric operating vehicles in China. The Dongfeng Fengshen E70 electric taxi delivered this time can be "fully charged and revived" in 20 seconds by replacing the battery. The entire electric replacement service only takes 1 minute, greatly reducing the recharge time and purchasing costs.   At the delivery ceremony, taxi drivers represented by Pi Yuanzhi and Dai Jia stated that the Dongfeng Fengshen E70 electric taxi can greatly reduce operating costs, save charging time, and be more comfortable. Driving this car greatly enhances happiness.   Dongfeng Fengshen E70 Vehicles are the most welcome choice for taxi companies and car-hailing services. Here Check Dongfeng Fengshen E70 Electric vehicles details.  

    Valeo is a global leader in mobility. This year marks the 100th anniversary of the Valeo Group. Over the past 30 years, Valeo has been expanding its presence in China. Today, China has become the largest single country in the Valeo Group. Valeo has 35 factories in China and nearly 20,000 employees. It has always adhered to the principle of "taking root in China and serving China". Since entering China in 1994, Valeo has built trusting relationships with Chinese automakers and suppliers. In China, Valeo comprises four business units (Thermal, Vision, Powertrain, Comfort and Driver assistance) as well as Valeo Aftersales. While actively conducting business, Valeo strengthens cooperation with the local supply chain to provide local production for the Chinese market. China is the world's largest auto market, and more than 90 percent of our production in China is for the domestic market. In 2022, China contributed 18 percent of the group's sales. In China, more than 40 per cent of console kit sales come from local traditional and new power carmakers, which account for 45 per cent of total orders in the Chinese market.     Zhou Song, president of Valeo China, said, "In 2022, Valeo launched its' Move Up 'program, identifying four strategic development directions in line with market trends: advancing electrization, accelerating advanced driver assistance, reshaping the in-cabin experience and whole-area intelligent lighting. These four areas of technology are at the core of driving change in China's automotive industry. Our first year in China has been phenomenal, with 7 per cent sales growth, outperforming the overall market, and orders reaching 2.2 times sales." Shaping the future of mobile travel in China     Currently, Valeo has 14 research and development centers in China, with about 4,000 engineers dedicated to preparing for the future of mobility in China and beyond. Following its global technology centre in Wuhan, Valeo opened its China Innovation and Mobility Centre in Beijing last year and will soon open a new research and development centre for advanced driver assistance in Shanghai.    "Innovation is one of Valeo's key drivers. The Group has always placed China in an important development position and will continue to expand its investment in China. At Valeo China, we are proud to contribute to the group's innovation, not only for the Chinese market, but also for overseas markets. Together with our partners, we hope to continue to strengthen our local R&D efforts and R&D talent development to build a limitless and sustainable future for mobility." Says Gu Jianmin, chief technology officer of Valeo China.    Valeo always adheres to the concept of open innovation. While strengthening internal product innovation and optimization, we are also actively cooperating with universities, academic institutions and innovative technology enterprises to enhance the competitiveness of future business through open innovation. The group set up a joint laboratory with Shanghai Jiao Tong University and invested in Kaihui Automotive Fund in 2016, aiming to expand its mobility ecosystem in China. In 2022, Valeo and Huazhong University of Science and Technology established a Joint Vibration and Noise Laboratory (V&A-LAB China) to further strengthen joint innovation with universities. A new unmanned logistics vehicle eDeliver4U was unveiled    At the Shanghai Auto Show, Valeo will debut its new driverless logistics vehicle eDeliver4U, an electric driverless logistics vehicle developed independently in China and equipped with Valeo's cutting-edge innovative technology.    The vehicle's electricized chassis integrates Valeo's 48-volt system solution developed specifically for lightweight mobility, and is equipped with Valeo's latest mass-produced Advanced Assisted Driving (ADAS) sensors and software stack to enable autonomous driving. In addition, Valeo's lighting technology enhances safety and ensures interactive communication with other road users.     A sensor-cleaning system ensures all-weather operation in a variety of road environments, while an advanced Assisted Driving (ADAS) cooling system ensures stable operation even in hot weather conditions.   Propulsion electrification     China is leading the revolution in the electrification of automobiles, and Valeo is following the pace of the Chinese market, offering a full range of electric powertrain solutions from 12 volts, 48 volts to 800 volts, from hybrid to pure electric. Our electrification solutions have been or will be adopted by international automobile manufacturers, traditional Chinese automobile brands and new power brands. Valeo's accumulated expertise in thermal management systems over a long period of time led to the development of the world's first intelligent heat pump for electric vehicles for a major Chinese automaker, which ensures passenger comfort while optimizing battery life.     At the show, Valeo will showcase its diversified product portfolio to meet all market needs related to electric powertrains, including a new generation of rare-earth free and magnetic-free automotive motors developed in cooperation with Renault. Valeo will also demonstrate its comprehensive strengths in thermal management systems, which are critical to the performance of electric vehicles and their charging equipment.    These practical technologies, originally developed for the automotive industry, have made Valeo a major global player in mobility. Its electric solutions are already available for bicycles (Valeo Cyclee), two-wheeled and three-wheeled vehicles, as well as driverless logistics vehicles such as eDeliver4U.     Accelerated advanced driver assistance system     As a pioneer and global leader in the field of Advanced Driver assistance systems (ADAS), Valeo has developed all types of sensors and associated intelligent systems that help cars make the right judgments. Recently, Valeo created a complete L2 Level autonomous driving system, endorsed by a Chinese automaker, using a 5C-5R-12U sensor bank (five cameras, five radars, 12 ultrasonic sensors), domain controller and software stack designed specifically for L2 level assisted driving and self-parking. At the show, Valeo will showcase its award-winning third-generation lidar scanner, the SCALA 3. Valeo's first - and second-generation lidar, SCALA 1 and SCALA 2, enable conditional autonomous driving in heavy traffic. By supporting a wider range of usage scenarios and faster speeds, SCALA 3 dramatically increases the range of vehicle operations, thereby increasing customer value. Valeo is also recognized as a leader in robotaxi (driverless taxi) components because SCALA 3 uses technology that has proven to be of high standard and proven in mass production to support our customers' mass deployment of driverless taxis. So far, three companies in North America, Europe and Asia have selected the lidar, with orders worth more than 1 billion euros. The technology uses point clouds to reconstruct three-dimensional images of the vehicle's surroundings at a resolution unmatched in automotive systems.     As cars become more intelligent and connected, their architecture is evolving, with more sensors and software embedded. Valeo is developing innovative and powerful domain controllers for self-parking and autonomous driving. Many Chinese automakers support the integration of ADAS and infotainment systems into a single domain controller, so Valeo is working on the first standard solution, which will go into production in 2024. This low-cost solution for Class L2 autonomous vehicles will comply with the EU's General Safety Regulation (GSR) and pass the new Car crash test (NCAP).     Reinventing the cabin experience     Valeo is reinventing the in-cabin experience, offering a new level of comfort, safety and immersion. With its expertise in sensory systems and artificial intelligence, Valeo is providing a complete solution for in-cabin experiential travel. At the 2023 Shanghai Auto Show, we will showcase technologies in the areas of vehicle entry (keyless entry system), behavioral attention (cockpit interior and driver monitoring system) and human-computer interaction (new materials like wood interactive interface).     A driver monitoring system, for example, is a life-saving technology that uses infrared cameras to track a driver's alertness and detect signs of sleepiness or distraction. We primarily use human face data to train AI-based facial recognition algorithms to accurately detect facial expressions of fatigue, distraction and different emotions, ensuring a highly accurate system for our Chinese customers. The system has been in mass production in China since 2019 and has received a lot of positive feedback from end users. Global intelligent lighting     As cars become more electric and automated, omni-directional lighting in and around cars will become more important to assist driving, transmit signals, and promote vehicle intelligence and personalization.     China is a trend-setting and dynamic market that embraces the possibilities Valeo offers in terms of design and communications. We work with Chinese automakers to help develop lighting solutions for their platforms through our high-performance dynamic OLED lights, enabling design freedom, high-end molding, personalized application and timely information interaction.     Valeo will also showcase its lighting experience and digital twin at the show. Valeo is developing artificial intelligence systems that combine styling, function and technology to define and visualize overall designs in real time. These cutting-edge systems will accelerate the virtual development of lighting solutions, meaning that prototyping can be left as late as possible, thereby reducing development costs. These solutions also address the issue of outdated hardware by updating styling styles throughout the vehicle's life cycle. Valeo's collaboration with Ningbo Seville also enables us to integrate state-of-the-art lighting and signaling systems for the grille area, making it easier to localize development and creative design.     China is at the forefront of autonomous driving development. Our sensor cleaning portfolio helps improve the reliability of self-driving cars, rain or shine, cold or warm.     Finally, interior lighting is being reshaped and extended to all interior surfaces to create a more immersive experience for passengers. Interior lighting can be used for a wide range of purposes, including transmitting navigation information, enabling music visualization, creating a personalized and pleasant atmosphere, and more. Valeo uses visual, auditory, tactile and other senses to create a wonderful immersive experience.

Xin Guobin, vice-minister of industry and information technology, said at a press conference that China's new-energy vehicle industry made an outstanding performance last year. The production and sales of new energy vehicles reached 7.058 million and 6.887 million, with year-on-year growth of 96.7% and 93.4% respectively. China's production and sales of new energy vehicles have ranked first in the world for eight consecutive years. Taking a longer time dimension, since the introduction and implementation of the Energy Conservation and New Energy Automobile Industry Development Plan in 2012, the annual compound growth rate of new-energy vehicle sales has reached 87%, and the cumulative promotion of new-energy vehicles has reached 15.96 million, nearly 16 million. Our country has become an important guiding force for electric transformation in the global automobile industry. Combining these factors and the production and sales situation in January and February, we comprehensively study and judge that the new energy automobile industry will maintain a good development trend this year, and the production and sales will achieve stable growth. To maintain this positive trend, the Ministry of Industry and Information Technology will focus on five aspects. First, we need to strengthen overall planning. We will further improve the coordinated promotion mechanism for the development of the new-energy automobile industry, and coordinate the overall work of electrification, networking and intelligent development. We will continue to focus on technological breakthroughs, popularization and application, and infrastructure construction, and continue to cultivate self-owned brands with high levels of innovation, strong comprehensive capabilities and international competitiveness. Second, we need to support innovation and breakthroughs. We will focus on supporting leading enterprises to play a leading role and speed up technological breakthroughs and industrial application of new-system batteries, automotive chips and vehicle operating systems. We will launch trials for access to and use of smart Internet-connected vehicles, accelerate the technology application of 5G vehicle-road collaboration, and promote the coordinated development of electrification and smart Internet-connected vehicles. Third, we will further increase our efforts to popularize and apply. We have carried out pilot projects to fully electrify vehicles in the public sector. Together with relevant departments, we have issued a circular to further enhance the electrification of vehicles in such fields as official vehicles, taxis, postal delivery services and sanitation. We will work with relevant departments as soon as possible to formulate and clarify policies on vehicle purchase tax reduction and exemption for new energy vehicles, and revise and issue the "double-point" management measures to stabilize market expectations. Fourth, we will improve our ability to provide services. We should speed up the development of domestic resources, stabilize the supply of key raw materials through international cooperation, and ensure their supply and prices remain stable. To improve the recycling and utilization system, strengthen intelligent dismantling and other key technologies to improve the recycling and utilization level of power batteries. Fifth, promote open development. As we all know, the automobile industry is a typical international industry. We will continue to implement opening-up measures in the automobile sector, give full play to the role of multilateral and bilateral cooperation mechanisms, and support exchanges and cooperation between enterprises, research institutes and industry organizations in trade and investment, technology research and development, standard setting and other fields to achieve win-win development.