CRRC transfers 51% share of CRRC TEV with RMB 926 million

Shanghai (Gasgoo)-On Oct. 27, CRRC released a statement, saying that its wholly owned subsidiary, CRRC Zhuzhou Electric Locomotive Research Institute Co., Ltd (CRRC Zhuzhou Institute) planned to transfer 51% share of Hunan CRRC Times Electric Vehicle Co., Ltd. (CRRC TEV) to CRRC's holding company by agreement with RMB 926.4002 million.
CRRC TEV was founded in July, 2007 with registered capital of RMB 574 million. Its main businesses cover manufacture, sale and after-sale services for buses, special vehicles and parts, and electric and motor products. At present, the share structure of CRRC TEV is as following: CRRC Zhuzhou Institute, SANY Group, Hi-Tech Venture Capital, Xiao Keng and Deng Pengtu hold share of 87.37%, 1.39%, 0.70%, 10.11% and 0.43% respectively.
According to the statement, up to June 30, 2017, the total audited assets of CRRC TEV reached RMB 0.6239 billion, the net asset, revenue in the first half of 2017, and net profit are respectively RMB 755 million, RMB 981 million, and RMB 2,335,600. In 2016, CRRC TEV posted revenue of RMB 0.3788 billion and net profits of RMB 202 million.
The statement pointed that CRRC Zhuzhou Institute can't control CRRC TEV and will not consolidate CRRC TEV's financial performance into the financial statement after finishing the trade. The acquisition is benefit for CRRC to focus on major businesses like rail transportation, meeting CRRC's development positioning in the future.
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Geely sells LYNK&CO Auto Sales Company

Shanghai (Gasgoo)-On Oct. 26, Geely Auto announced conditional sales of all the shares of LYNK&CO Auto Sales Company, meaning that Geely Auto will exclude the financial performance of LYNK&CO Auto Sales Company and its affiliated company from its financial report.
Previously, Zhejiang Jirun, Geely's indirect subsidiary with 99% shares held by Geely Auto, had owned the whole rights to sell the stake of LYNK&CO Auto Sales Company and its affiliated company. Now, Zhejiang Jirun had sold the total shares of LYNK&CO Auto Sales Company to LYNK&CO Investment Co., Ltd. with RMB 100 million.
As a result, Geely Auto, a listed company, could not benefit the stock bonus entirely and directly from LYNK&CO's listing on a stock exchange. The reasons for the sale remained unknown. The following analysis may summarize two possible reasons:
Firstly, for LYNK&CO Auto Sales Company part.
Due to the short establishment of LYNK&CO Auto Sales Company and its affiliated company, LYNK&CO Auto Sales Company hadn't done any real business yet before the sale, thus it will impact Geely Auto little, but may influence Geely's revenue, according to some analyses. While Geely Auto showed its strong confidence in the sale of LYNK&CO, and also believed it will promote LYNK&CO brand to establish its sales network, marketing and after-sale services nationwide.
On one hand, with LYNK&CO Auto Sales Company being an entity, it will have a larger scale, better brand building and promising future. On the other hand, LYNK&CO will be positioned and identified as a more independent vehicle brand, shaping a strong joint competitiveness together with Geely Auto and Volvo.
LYNK&CO had great improvement on products, management, brand, marketing and channels with the help of Geely and Volvo. The LYNK&CO 01 will hit the market, and in the future, the 02 and 03 will also be released, thus the LYNK&CO brand needs to develop independently. Geely Auto's indirect holding of LYNK&CO 50% shares will play a critical role for LYNK&CO's development.
Secondly, for Geely Auto part.
The sale of LYNK&CO Auto Sales Company indicated Geely's strong confidence in its own development. It is well known that LYNK&CO is positioned as a high-end vehicle brand between Volvo and Geely. Thanks to Volvo's cutting-edge auto technologies, the LYNK&CO is deemed as a rival for Audi and Lexus, boasting a higher price and thus a large profit compared with Geely Auto brand. But with the release of its 3.0 products, Geely Auto enjoyed a continuous brand promotion, and key indexes such as sales, revenue and net profit of Geely Auto also surged in recent years.
After its annual sales reached 760,000 units in 2016, Geely Auto delivered 827,000 vehicles during the previous three quarters this year. Thus, Geely uplift its annual sales target to 1,100,000 units from 1,000,000 units. Supported by its strong growth momentum, Geely feels confident in its future development even without LYNK&CO brand. Therefore, for Geely part, the independent development of LYNK&CO brand will not only show Geely's confidence in LYNK&CO's development, but also signify Geely's confidence and strength in future auto industry.
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FAW Car net profit surges 140% in the first three quarters

Shanghai (Gasgoo)- FAW Car released its Q3 performance report on October 28th showing that its net profit achieves RMB 291m in the previous three quarters with year-on-year growth of 140.69%. What’s more, a personnel change announcement came with the financial result report. Hu Yong, its general manager would be replaced by vice general manager Liu Changqing. Insiders said that the personnel shift conforms to Xu Liuping’s reform strategy and may bring innovative development to the brand.
The report said that FAW Car’s rising net profit results from the company’s effective promotion of all work, improved production R&D and marketing capabilities in the reporting period. The market breakthrough of self-independent brand Besturn X50 and continuous high sales of double star models contribute to the financial achievements.
It should be noticed that FAW Car showed relatively good performance when the average market growth slowed down in the first half of year. FAW Car had a total sales volume of 169,000 units from January to September with a year-on-year growth of 28.2%. Mazda sold 88,600 units with a year-on-year growth of 56.3%, while sales volume of Besturn brand reached 80,400 units. Some dealerships said FAW Car would witness better growth in Q4 with the improving product layout and on-coming busy season.
Liu Changqing’s position shift conforms to Xu Liuping’s reform strategy in rejuvenating the FAW Group. To build Hongqi brand into “the first and only domestic luxury brand”, FAW Group has temporally transferred more than 20 talents from FAW Volkswagen into Hongqi, which is interpreted as building Hongqi brand by learning from joint-venture experience. Liu Changqing has rich work experience in joint-venture companies, leading team to accomplish the construction of many car production bases and achieve sales volume of exceeding 1m units during his time in FAW Volkswagen.
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GWM registers revenue of RMB 63.4 billion in previous nine months

Shanghai (Gasgoo)-GWM delivered 102,000 and 706,000 vehicles in September and in the previous nine months respectively. Among them, WEY, the newly-released light-luxury vehicle brand, achieved its monthly sale of more than 10,000 units firstly. GMW's Q3 report showed that the total revenue in previous nine months was flat year on year to RMB 63.43 billion. During July and September, the total revenue posted a slight increase of 1.8% to RMB 22.17 billion. In view of the revenue decline of 1.0% during April and June, the launch of WEY brand remedied GMW's poor revenue growth gradually.
Though the total revenue increased slightly, significant costs growth like operation, sales expenditures and taxes reduced the total net profits to RMB 460 million with a drastic drop of RMB 228 million. During January and September, the net profit reached RMB 289 million from RMB 721 million a year ago, decreasing drastically compared with the same period last year.
Data showed that the total sales of the Wingle rose by 11.6% to 84,000 units, while the Haval delivered 584,000 units with a slight fall of 1%. The newly-released WEY had sold 28,000 units, and boasted September sales of more than 10,000 units thanks to the VV5 and the VV7. During the previous nine months, GWM's sales grew 2.25% to 706,000 units year on year.
GWM is likely to have a sales improvement in last Quarter. Research showed that GWM will enjoy great costs cut thanks to Haval's success of de-stocking. Additionally, with WEY sold well, GMW can lift the profit of single model with a higher price for a new model.
September sales of the VV5 and VV7 reached 4600 and 7400 units respectively, and the WEY brand delivered more than 10,000 units monthly, taking up 12% of GWM's total sales. Up to now, the total sales of the WEY reached 28,000 units this year.
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Baoneng Group invests RMB 14b to launch NEV project

Shanghai (Gasgoo)- Currently, Hangzhou Fuyang District government signed a cooperative agreement with Baoneng Group, Hangzhou Xintiandi Group on a NEV project with the annual capacity of 300,000 units and Xintiandi City Complex Project.
It’s learned that Baoneng Group, headquartered in Shenzhen, is now developing into a large modernized group covering five key industries including property developments, science park, modern logistics, comprehensive finance and health care.
NEV industry will be the company’s key business in its short-term plan. Baoneng Investment Group plans to invest in a NEV project with an area of 2 square kilometers and total investment of about RMB 14b. The project will involve the production, testing, R&D of NEV and production of key parts including electric engines, batteries, electric control systems, as well as the building of headquarters.
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Dongfeng Peugeot headquarter will be relocated in Wuhan

Shanghai (Gasgoo)- Dongfeng Peugeot has faced sales declines for consecutive nine months this year, with the monthly sales volume reaching only 17,200 units in August with a year-on-year decline of 19.5%. It’s learned from Dongfeng Peugeot Citroen that Dongfeng Peugeot’s headquarter will be relocated to Wuhan from Beijing, and functional departments will also be moved to Wuhan, which is also the location of PSA Asia-Pacific headquarter.
Dongfeng Peugeot is a brand under the joint venture. In October, 2002, Dongfeng Auto signed a cooperative joint-venture contract with PSA Group planning to introduce Peugeot brand into domestic market, and thus Dongfeng Peugeot was born. PSA Asia-Pacific headquarter was relocated to Wuhan on July 8th, 2016. Dongfeng Peugeot’s new headquarter will be closer with PSA Asia-Pacific headquarter and factories.
French brands meet a cold domestic market in the recent two years, and Peugeot brand is encountering great market challenges. Dongfeng Peugeot will take efforts in SUV models this year with 5008 and new 408 being launched, but no obvious recovery has been shown on sales. Data shows that Dongfeng Peugeot Citroen has a total sales volume of 195,200 units in the first eight months of this year, decreasing nearly 60% compared with 521,800 units of the same period of last year. Dongfeng Peugeot sold 17,200 units in the domestic market in August with a year-on-year decline of 19.5%.
Previously, Dongfeng Peugeot set a new target of ranking top 10th brands in terms of sales volume with the number reaching 700,000 units to 1m units in 2020. The relocation of its headquarter will enhance Dongfeng Peugeot’s working efficiency and promote cooperation for all sides, thus providing supports for achieving the annual target.
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Chairman of Wanxiang Group LU Guanqiu passed away on Oct. 25

Shanghai (Gasgoo)-On Oct.25, according to Wanxiang's official news, LU Guanqiu, the founder of Wanxiang Group, which is China's  largest automotive components measured by revenues, passed away on Oct. 25, 2017 at the age of 74.
Born in 1944, LU Guanqiu was deemed as a legendary township entrepreneur, who had led Wanxiang Group transform from a shabby agriculture machinery repair factory into a gigantic multinational enterprise with business covering manufacturing, energy, financing, agriculture and resources. With a total property of RMB 49 billion, he had been listed on the recent-released Hurun Rich List 2017. As a township entrepreneur, he has a heart of philanthropy and simplicity. He once said that an entrepreneur should earn money but should never be the slave of money, and the entrepreneur is fated to create, dedicate and sacrifice and should put his thoughts into practice.
With the reform and opening up policy implemented in 1978, LU Guanqiu foresaw the promising future of Chinese vehicle market. He renamed his factory and focused on the professional manufacturing of universal joints. In 1990, he chose Wanxiang Group as the new name for his company and used it until today.
Though LU Guanqiu had little formal schooling, he had great wisdom in doing business. In 1990s, he put forward a strategy of going aboard, enabling Wanxiang products to enter into 18 countries and areas including Japan, Italy, France, Australia and Hong Kong. In 1994, Wanxiang was listed on the Shenzhen Stock Exchange, becoming China's first township enterprise listed on a stock exchange, and setting up a wholly owned subsidiary in America. With China joined in the WTO, Wanxiang became the first Chinese OEM to provide automotive components for GM. In 2001, LU Guanqiu even purchased UAL, which was listed on the NASDAQ, becoming the pioneer for China's township enterprises to purchase foreign listed companies.
LU Guanqiu was ambitious in manufacturing cars. In recent years, Wanxiang Group began to set foot into the manufacturing of EVs via purchasing several American clean energy companies who possess advanced technologies, such as A123 Systems LLC and Fisker Automotive. LU Guanqiu had once said that the energy and environment-protection problem are the major tasks for human beings so it is promising to manufacture EVs. Up to now, Wanxiang had invested heavily on EV project.
LU Guanqiu was the leader of the era—the most influential labor model since the foundation of new China, China's best township entrepreneur, national excellent entrepreneur and awarded the exploit of China township enterprises. General Secretary Xi Jinping also spoke highly of LU Guanqiu, he said LU was one of the revolutionists among China's first township entrepreneurs and also one of the pioneers for China's reform.
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Great Wall plans to unveil first FCEV in 2022

Shanghai (Gasgoo)- Tobias Brunner, Great Wall Motor’ s vice president revealed in his speech at the 2017SAE-China Congress and Exhibition that the automaker has been working on XEV program. XEV stands for different kinds of new energy and the automaker carries out the development work on PHEV, BEV and FCEV at the same time. At the Frankfurt Auto Show, Great Wall unveiled its PHEV models while BEV and FCEV are the following development projects.
Up to now, Great Wall has established its own R&D team to conduct independent study on the core technologies for electrically driven battery and fuel cell. The company will partner with Tier 1 and Tier 2 suppliers to further expand business.
According to Brunner, Great Wall thinks FCEV is the future trend for the industry and three reasons may explain its preference. In the first place, FCEV’s range is at the same level as fuel-powered vehicles and has advantages over electric vehicles limited by current battery technology. FCEV offers more convenience because it is much faster for vehicles to supplement the fuel than to charge.
Secondly, compared with electric vehicles, full cell boasts many advantages on the overall performance, endurance, fuel cost (including usage cost and supplement cost) and emission.
The third reason is the fact that our country hasn’t made full use of our wind power generation, which can be used to make hydrogen. Brunner said by 2025, the usage cost, reliability and endurance of FCEV will meet the requirements for commercial use.
There is no doubt that FCEV also has some drawbacks at present. The first one is the infrastructure. As FCEV has similar range with the traditional fuel-powered vehicles, the hydrogen refueling stations can have similar layout as current gas stations. Brunner said that Great Wall is conducting research on the infrastructure, the making and storage of hydrogen fuel. If daily hydrogen usage is around 2,000 kilograms, liquid hydrogen will have advantages in hydrogen refueling station and the manufacturing of storage equipment. As a result, liquid hydrogen will be the main research field.
XEV will develop a common platform for new energy vehicles and FCEVs. In the future, the automaker’s pure electric vehicle and FCEV will come from this platform. According to its plan, the company will unveil its first FCEV product in 2022 Beijing Winter Olympics period.
At the end of last month, Great Wall announced its plan to acquire 3.5 percent shares of Pilbara Minerals, an Australian emerging lithium and tantalum producer.
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Dual-credit policy shows great challenges on domestic self-independent brands

Shanghai (Gasgoo)- Fu Yuwu, Chairman of SAE-China (Society of Automotive Engineers of China) believes that the double-credit policy will have the largest impact on the auto industry among all domestic auto policies. “Although some obstacles may be encountered, the government will have a strong will to push it forward.” He also believes that dual-credit policy has put pressure on both joint ventures and self-owned brands.
According to data, NEV sales reach about 700,000 units this year. “Even if the number is expected to double to 1.4m units in the next year, the market is not large enough for all the participants including traditional companies, new manufacturers and joint-venture companies.” Fu also points that NEV market will witness fierce competition when more multi-national companies have access to build factories in China.
Dual-credit policy includes fuel-consumption credits and NEV credits, pointing out two routines including decreasing oil consumption and developing NEV technologies. According to the middle-and-long term development plan for auto industry released on April 25th, average oil consumption for new vehicles and energy-efficient vehicles will be reduced to 5.0L/100KM and 4.5L/100KM respectively by 2020. And average oil consumption for new vehicles will be reduced to 4.0L/100KM by 2025.
To cope with the dual-credit pressure, Changan Auto announced on October 19th that it plans to invest RMB 100b in the industrial chain to launch a total of 21 BEV models and 12 PHEV models by 2025. By, the using proportion of Changan 48V energy-saving technology and HEV, PHEV technologies will grow gradually. All Changan products will achieve the comprehensive application of energy-saving and alternative energy technologies by 2025, and no traditional fuel vehicles will be sold at that time.
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Foton Auto deepens strategic transformation

Biwen Wang From Gasgoo| October 26,2017

Shanghai (Gasgoo)- As the first domestic commercial vehicle brand, Foton Auto has always been the backbone power of self-independent brands and self-innovative brands in domestic auto market, achieving fast growth since its establishment in 1996.
Its brand value reaches RMB 112.58b in 2017, ranking first among all commercial vehicle brands for 13 consecutive years. It always sticks to self-innovation and conducts technology-advanced strategy to build its own competitive power, putting quality, technologies and brands in the first place.
Foton Auto promotes the “Foton industrial 4.0”, based on the Internet vehicles, big data and cloud platform, and builds a customer-focused ecological system, to manage the upgrading logistics system by way of intelligent products and factories.
It’s also introduced that Foton Auto started the R&D and production on NEVs since the year 2003.
Foton Auto also builds the key laboratory on energy-saving and emission-reduction and NEV laboratory, as well as a NEV technology center to conduct R&D on BEV and PHEV models. It also builds the first domestic alternative energy industrial base, forming a new cooperative situation for NEV developments.
It’s learned that Foton will also promote seven strategic transformation towards NEV area and industrial 4.0 by increasing investments in key technologies and management and forming innovative abilities covering vehicles, systems and key parts.
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Presale price of Geely Emgrand PHEV ranges from RMB 130,000 to RMB 150,000

Shanghai (Gasgoo)-The presale price of the Geely Emgrand PHEV was released, ranging from RMB 130,000 to RMB 150,000 after exempting the subsidies.
In terms of the new model's powertrain, it comes with a 1.5L engine with a maximum power of 103hp, two electric motors and a ternary lithium battery of 37Ah, mated with an E-CVT. The new PHEV boasts a maximum mileage of 61km under the pure electric mode.
PHEV models now can enjoy abundant favorable policies, including national and local subsidies, exemption of purchase tax and free NEV license plate in Shanghai and some other cities in China. The Emgrand PHEV now arrives at the dealers and can be preordered, according to Shanghai Huating 4S store.
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Tesla speeds up layout in Chinese market with a campus recruitment of 500 people

Shanghai (Gasgoo)- Shortly after a personnel adjustment and a substantial layoff in this month, rumors has it that Tesla has started its campus recruitment in China on the evening of October 24. The total number of recruitment positions reaches nearly 500.
Reporters asked relative people from Tesla China about the matter, but got no response. However, reporters learned that these recruitment positions cover eight categories, including product salesperson, delivery experience specialist, pre-sales consultants and so on.
It is noteworthy that recruitment positions are mainly about sales and maintenance, and that they do not cover the specific design and manufacturing categories. Relevant people explained that this is precisely because Tesla’s plan of investing in China to build a factory has not really landed. The plan is still in the discussion stage, so they do not recruit people for the factory in this campus recruitment.
Analysts who do not want to be named in an interview said that 500 is actually not a large number and that it should not be over-interpreted. For foreign companies, recruitment of 500 people is very normal. And this is not the first time for Tesla to carry out large-scale campus recruitment in China. In October last year, Tesla hosted campus talk in a number of universities, and the recruitment positions at that time were 100. At the same time he believes that Tesla would encounter many restrictions and challenges in Chinese market in the future. Seen from the product sales alone, on one hand, Tesla’s prices are high; on the other hand, Tesla does not receive subsidy from the government.
In large contrast with the large-scale campus recruitment in China, it is the news of Tesla’s substantial layoffs in this month.
Tesla began to fire hundreds of people in the middle of this month. Engineers, factory workers, and supervisors in various departments who are fired accounted for 2% of the total number of employees. The latest news shows that the layoffs are likely to reach more than 700 people. In this regard, Tesla’s official response is that the layoffs are the results of the staff performance appraisal.
Insiders told reporters that Chinese market is very important to Tesla. Both the campus recruitment and the construction plan indicate that Tesla is constantly exploiting its potential in the Chinese market.
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Tesla builds world’s largest supercharger station in Shanghai

Shanghai (Gasgoo)-On Oct. 23, the world-renowned EV giant Tesla opened the world's largest supercharger station at Lilacs International Commercial Center in Shanghai, which boasts 50 superchargers and can accommodate 50 vehicles at the same time.
So far Tesla has installed 154 superchargers in Shanghai and 294 in Yangtze River Delta Area. What's more, Tesla has opened 14 experiencing and service centers in this area.
It is investigated that the average charging time of Tesla supercharger is around 1 hour, taking the absolute lead in pure EV sector. But due to the shortage of superchargers, Tesla owners need to wait a long time to charge their cars during peak charging period.
Tesla now has its supercharger network of more than 700 chargers in 170 cities across China, and it reportedly plans to expand the network to 1,000 superchargers by the end of 2017 across China, greatly easing the charging problem for Tesla owners.
It is said that Tesla has its total mileage of more than 427 million kilometers in China, saving a total fuel of 50 million liters. In the future, Tesla will continue to deploy charger network, expand the coverage of experiencing centers, and help more consumers to have green travel.
Obviously, NEVs are undoubtedly the major development trends for auto industry in the future, and pure electric vehicles will be the top priority in various automakers' plans. Tesla's schedule of building a factory in China indicates Tesla has a strong determination to develop in China for a long time.
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NIO ES8 will be launched on December 16th

Shanghai (Gasgoo)- NIO, a Chinese electric car start-up, announced that its seven-seater SUV model ES8 will be launched on December 16th, which is set as NIO Day. On that day, the company will release the model’s price, performance and the battery swap system, etc.
The official definition for NIO Day is that it’s a party for NIO and its friends, not a kind of traditional enterprise conference. The annual event will be held at Beijing’s Wukesong Stadium this year.
As the company’s first mass-market model, ES8 was officially revealed at the Shanghai Auto Show. Its whole length is over 5 meters with a wheelbase of over 3  meters. ES8 is said to be powered by two electric motors and boast adaptive air suspension. Its swappable battery model may be its most outstanding feature and will bring users brilliant experience. Both its body and chassis are made of aluminium to reduce its weight.
At the beginning, ES8 was said to be slated for 2018. At the International Forum (TEDA) on Chinese Automotive Industry Development, William Li, founder and chairman of NIO, said ES8 would be launched in December. As to the manufacturing, NIO has established cooperation with JAC, which will produce vehicles for the start-up.
Though established only three years ago, NIO has set up a total of 19 offices around the world, including Shanghai, San Jose, Munich and London. Qin Lihong, one of the company’s co-founders, once revealed that it aims to be a global company and have ambitions to enter into America market.
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TOP 10 Luxury Auto Brands by Sales of September

Shanghai (Gasgoo)- In September, Audi delivered 58,445 new vehicles in China and claimed the monthly sales crown among all luxury auto brands. BWM and Mercedes-Benz followed the crown. The sales of BMW refer to those of the mainland and include sales of Mini while Mercedes-Benz sales are those of the mainland and don’t include those of Smart brand.

Following the first three luxury brands, Cadillac achieved a year-on-year sales growth of 37.6 percent. Besides, its accumulative sales were up to 124,625 units during the first nine months. Apart from the first three brands whose sales were all over 50,000 units, there were another four luxury brands whose sales exceeded 10,000 units.
Among the TOP 10 luxury auto brands by sales, Lincoln achieved the fastest growth rate. Last month, Lincoln delivered 5,721 new vehicles, jumping 79 percent compared the same month of last year.
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Great Wall ends transmission supply cooperation with Hyundai Powertech

Shanghai (Gasgoo)- Haval, the main sales driver for Great Wall Motors, equipped many models with automatic transmissions supplied by Korean Hyundai Powertech and German Getrag. But a local media got information from the Chinese automaker that as its own 7-speed dual-clutch transmission has been fitted into WEY VV7 and will be used in all models covering Haval H2 and H7, it will stop the cooperation with Hyundai Powertech.
In the older days, Chinese auto brands were unable to mass produce automatic transmissions and had to turn to foreign suppliers. Haval H6 was once equipped with 6AT from Hyundai Powertech and the current H6 and H6 Coupe are with 7DCT from Getrag. With the technology advancement, GWM can mass produce its own 7DCT now, which has been fitted in WEY VV7.
Zheng Lihua, the associate dean of GWM’s Transmission Research Institute and project director, said that its 7DCT450 boasts an optimal product quality and is suitable for all vehicle platforms’ design. The automaker has outstanding supplier systems in auto parts, software and calibration as well as production equipment.
At present, the annual output of 7DCT450 is 500,000 units, which cannot meet the needs of the automaker’s 1 million sales target. As a result, some models will continue to use transmissions supplied by Getrag. As long as the second phase of the transmission factory starts production, the output will be doubled. Haval H2S, H6, H7 and WEY models will be equipped with this 7-speed dual-clutch transmission in the future.
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NDRC formulates strategy to spur development of intelligent vehicles

Shanghai (Gasgoo)-Meng Wei, Spokeswoman and Vice Chairman of Policy Research Office of National Development and Reform Commission made a statement on a recent press briefing, saying NDRC has begun drafting National Intelligent Vehicle Innovative Development Strategy.
NDRC conducted a research on China's intelligent vehicle innovative development. Generally speaking, China enjoys a profound basis of auto industry, advanced telecommunication and network technologies and huge market demands, which will provide a good platform for the development of China's intelligent vehicles. NDRC will join hands with other departments to carry out the following work:
Ⅰ. NDRC will enhance top-Level design and formulate overall strategy
NDRC has begun drafting National Intelligent Vehicle Innovative Development Strategy, which will make clear the strategic direction, development target, major approaches, key tasks, and protective measures for China's intelligent vehicles. The new strategy will be the roadmap and guideline for the development of China's intelligent vehicles, and the short-term plans would also be put forward to ensure the strategy to be started as soon as possible and to be implemented in good order.
Ⅱ. NDRC will concentrate good resources and establish innovative platform
China will gether mainstream car manufacturers, leading high-tech companies, key scientific research institutions and financial institutions, investment funds, and other relevant organizations to establish a market-wide entity to support the development of intelligent vehicles, and form a national innovative development platform for intelligent vehicles.
Ⅲ. NDRC will focus on core technologies and reinforce the ability to tackle the difficulties on scientific research
NDRC will provide great supports to make breakthroughs for the core technologies in some important areas, including intelligent vehicle system and parts, on-board intelligent operating system and calculation platform, high-precision map, Beidou high-precision positioning, 5G network and on-board communication, meeting application requirements of advanced intelligent vehicles.
Ⅳ. NDRC will offer more supporting policies and complete regulation standards for intelligent vehicles
To speed up the legislative process for China's intelligent vehicle sector, NDRC will formulate such regulations as on application of auxiliary driving function, road test of intelligent vehicles, and automobile insurance management.
Ⅵ. NDRC will create utilizing conditions and promote test and application for intelligent vehicles
China will facilitate the coordinated development between urban planning and construction and intelligent vehicles, conduct information upgrading for road infrastructure, and accelerate the construction of intelligent transportation system. China will also speed up the establishment of test approach and evaluation system for intelligent vehicles, select some certain sections of expressway and specific industrial park zones to carry out real road test of intelligent vehicles, and support some certificated regions to carry out application of intelligent vehicles in an orderly manner.
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Chery may be split into four parts and cooperate with Wuliangye to manufacture vehicle

Shanghai (Gasgoo)- Insiders expose that Chery’s brands will be split to sell although it won’t be sold as a whole. Currently, Cowin is negotiating with Wuliangye and Chery plans to bring in strategic investment. Chery New Energy intends to raise more funds by backdoor listing.
Chery is always striving for its overall listing since the year 2008 and submitted A-share listing application in the year 2010 but failed. On the other hand, Chery is urgent to need external financing to solve fund difficulties. It’s analyzed that the financial strain limits Chery’s developments and selling non-core assets is the best option for it to achieve rapid progress.
It’s known Chery Holdings invest Chery Auto, Cowin Auto, Qoros and Chery New Energy. The high-end brand Qoros has a total loss of nearly RMB 10b, while Cowin Auto sells only 24,600 units in the previous five months. Supported by the preferential policies for alternative energy vehicles, Chery New Energy sells 15,001 units in the previous eight months with a year-on-year growth of 59.3%. All brands except for alternative energy products are showing deficits. Chery brand with little profits is unable to continue providing financial supports. Long-term unbalanced payments stimulate Chery to sell shares of Qoros.
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Dongfeng Honda will take over Shenlong's second factory

Shanghai (Gasgoo)- It’s reported that Shenlong’s second factory, known as “PSA Group Global Sample Factory”, will accomplish its transfer procedure recently. Dongfeng Honda may be the factory’s new owner.
But details show that whether the transfer will be fulfilled by renting or buying still waits to be confirmed. But one insider revealed that Shenlong’s first factory will undergo a large upgrade, which will introduce the production line for models previously produced by its second factory. Therefore, chances are that Dongfeng Honda will buy the factory directly.
Shenlong’s second factory has an annual capacity exceeding 150,000 units,  mainly producing middle-and-high-end models including C5, C6 and 508. In the meantime, it is also the global model factory for PSA Group. But latest data shows that Shenlong factory only sells 248,000 units till October 8th, still lagging far behind its annual sales target of 700,000 units. In sharp contrast, Dongfeng Honda has a total sales volume of 517,000 units in the previous three quarters with a year-on-year growth of 27.3%.
In fact, as early as the beginning of this year, Shenlong transferred nearly 1,000 employees to support Dongfeng Honda’s production for one-year period. Dongfeng Honda also speeds its negotiation progress with the construction stagnation of the third factory.
Dongfeng Honda’s third factory started construction in Wuhan on December 8th last year, and is expected to be put into production in the first half of 2019 with an initial annual capacity of 120,000 units and a total investment of RMB 3b.
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Jiangsu Joylong Automobile recalls some Dama BEVs for BMS program bugs

Shanghai (Gasgoo)-Currently, Jiangsu Joylong Automobile registers in General Administrative of Quality Supervision, Inspection and Quarantine (AQSIQ) for the plan to recall some 2015 BEV models produced from Apr. 1, 2015 to Oct. 31, 2016 with a total number of 51 units, in accordance with the requirements from Regulation on the Administration of Recall of Defective Auto Products and its implementation measures.
Some of the recalling models have potential safety hazards due to its BMS program bug, which may cause power off while travelling. Joylong Automobile will update the faulty vehicles' BMS programs to erase possible safety hazards.
This recall is conducted under the defect survey initiated by AQSIQ. AQSIQ defective products management center has received many complaints on the above problem for a long time. After receiving complaints, AQSIQ conducted the defect survey and evaluation immediately.
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Chery denies to be sold entirely

Shanghai (Gasgoo)-A rumor saying that Chery was sold entirely spread quickly since Oct. 9.
It is reported that Chery will be sold entirely to a private enterprise, and the news was spread in internal Chery. The report also said that Chery started to take measures to handle public response.
Latter, Wang Wei, PR Director of Chery replied, “We've heard the rumor, but it's not true.” Then, Chery denied the rumor on its official Weibo, and also illustrated a picture with words “you're thinking too much”
Chery stated that it will not be entirely sold, but the investors may become its shareholders. It is known that Chery is introducing strategic investors, and several companies have contacted with Chery, including Wuliangye, Kweichow Moutai Group, and Baoneng Group.
One month ago, Yao Zhenhua, Chairman of Baoneng Group had showed his intention to purchase Chery entirely, but the process of their negotiation still keeps unknown.
Due to the complicated equity structure, Chery's introduction of strategic investors will involve state-owned assets transferring. Thus Chery will spend a long time for its new capital management. It may undergo several changes for Chery in the near future.
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How does auto alternator detect？

When the suspect is suspected of failure, you can initially detect the car, remove the alternator does not disassemble further detection. The tools used to detect can be multimeter, general DC voltmeter, DC ammeter and oscilloscope.

How to detect the alternator without a multimeter in the absence of a car alternator?

Turn the multimeter knob to the DC voltage 30V file, the red pen connected to the motor "armature" then column, black pen then shell, so that the engine running in the speed above, 12V electrical system voltage value should be about 14V, 24V electrical The system voltage standard value should be about 28V. If the measured voltage is the battery voltage, it indicates that the china alternator is not generating power.

Can also use car lights, flashlight homemade small test lights, etc., but also by changing the state of the car to detect.

Start the engine, turn on the headlamps, so that the engine speed from the idle speed gradually increased to medium speed, headlamps brightness increases with the increase in speed, indicating that the china alternator is working properly, otherwise no power generation.

When there is no computer control electronic device, you can use this method to detect. The engine control in the speed above, remove the battery to take the line (usually disconnect the battery on the line control the main switch), if the engine is working properly, indicating that the alternator power generation, otherwise the alternator is faulty.

The flashlight at both ends connected to the wire made of small test lights, connected to the alternator "armature" and between the shell. Use the wires to connect the positive and negative poles of the battery (or the same voltage) to the two magnetic fields of the alternator. The "F1" and "F2" ("AC" ), Let the battery to the china alternator excitation. Quickly turn the engine belt by hand, a small test light that the alternator is working properly, otherwise the alternator does not generate electricity.

There is no tool, then the alternator can not be removed to check, so only in the car inspection. Do not rely on any tools, then the hands can only be used on the car parts, we can use the alternator with a close engine to monitor.

When there is no computer control of electronic devices, you can use this method to detect:

First start the engine, and then open the headlamps, so that the engine speed from the idle speed gradually increased to medium speed, headlamps brightness increases with the increase in speed, indicating that the alternator is working properly, otherwise no power generation. This is a relatively simple method, there is a way, but need to remove the battery cable line, and then see if the engine is working.

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How to maintain the hydraulic power steering pump?

In general, in the normal use and maintenance, for the hydraulic china power steering pump, the need to pay attention to the following points:

1. Hydraulic power steering pump in the use of attention to select the correct type of help oil, otherwise it will affect the china power steering pump efficiency and service life.

2. Always check the use of auxiliary oil, the use of auxiliary oil must be kept clean. Regularly replace the booster oil, the owner of the self-refueling oil must be equipped with a filter device.

3. If the car stops for a long time, do not work at full capacity immediately after restarting, at least 10 minutes of no-load operation, until the oil and other oil are in normal working condition.

4. When handling the steering of the car, observe whether the power steering system is operating properly, whether the impact or noise, help the oil circuit with or without leakage phenomenon, in order to detect and troubleshoot.

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