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  • Tesla also plays DLC: $300 to unlock seat heating
    Recently, a news about the heating of the rear seats of Tesla Model 3 has attracted the attention of the public. According to reports, Tesla officially launched the Model 3 rear seat heating function. There is no need to add hardware. It only needs an online OTA upgrade to unlock it. It costs US$300 (approximately RMB 2,000). In other words, Tesla Model 3 cars are already equipped with a rear seat heating function when they leave the factory. Consumers have paid for this part of the hardware, but Tesla has used software to block this function. Tesla's charging strategy quickly caused dissatisfaction among netizens. It is worth mentioning that this strategy was also very common in the game industry, the so-called game DLC (downloadable content). Capcom, a famous Japanese action game developer, was once dug out by netizens in the first release disc of "Resident Evil 6" that already contains the maps and characters of the subsequent DLC, but it requires players to pay for the unlocking key that is only a few MB in size. The players unanimously resisted. Some netizens ridiculed that Tesla should learn from the free strategy that is currently prevailing in the game circle. Model 3 cars are free and all functions are shielded. Consumers pay to "draw cards" or "out of the box". The more practical functions are provided, the lower the price. The explosion rate, "redefining the car." Of course, compared to mobile games where the cost of acquiring new users is almost zero, it is impossible for Tesla Model 3 cars to "deliver for free". The ridicule of the "soft unlocking" of heated rear seats is more of a show Consumers are dissatisfied with Tesla's introduction of bad ethos into the auto industry. As of press time, Tesla has still not responded to public doubts.

    2021 03/11

  • Car plants shut down as chips run short
    Car makers around the world are having to halt production due to a shortage of chips. And it`s partly thanks to the Trump administration`s war on Chinese tech firms. In the U.S., production has been curtailed at Ford, Subaru and Toyota plants. Elsewhere it`s hit firms including Volkswagen, Nissan and Fiat Chrysler. Different factors have come together to create a perfect storm. Consumers stuck at home have been stocking up on laptops, gaming consoles and other gadgets, leaving chip supplies tight. Worldwide, they`ve also bought more cars than expected, further straining supply. And then there`s the Trump administration`s moves against key Chinese chipmakers. China`s Semiconductor Manufacturing International was hit with U.S. restrictions in December. At least one automaker then moved production to Taiwan`s TSMC - only to find that it was overbooked. One auto supplier confirmed to Reuters that TSMC has been unable to keep up with demand. Now experts say the shortage is likely to last six months. It just takes time to ramp up production of semiconductors, which require complex, expensive factories. In the meantime makers are giving high-end cars the priority for precious chips, leaving cheaper vehicles stuck on the production line. Video Transcript - Car makers around the world are having to halt production due to a shortage of chips. And it's partly thanks to the Trump administration's war on Chinese tech firms. In the US, production has been curtailed at Ford, Subaru, and Toyota plants. Elsewhere, it's hit firms including Volkswagen, Nissan, and Fiat Chrysler. Different factors have come together to create a perfect storm. Consumers stuck at home have been stocking up on laptops, gaming consoles, and other gadgets, leaving chip supplies tight. Worldwide, they've also bought more cars than expected, further straining supply. And then there is the Trump administration's moves against key Chinese chip makers. China's Semiconductor Manufacturing International was hit with US restrictions in December. At least one automaker then moved production to Taiwan's TSMC, only to find that it was overbooked. One auto supplier confirmed to Reuters that TSMC has been unable to keep up with demand. Now experts say the shortage is likely to last six months. It just takes time to ramp up production of semiconductors, which require complex expensive factories. In the meantime, makers are giving high end cars the priority for precious chips, leaving cheaper vehicles stuck on the production line.

    2021 02/18

  • How China put nearly 5 million new energy vehicles on the road in one decade
    At the end of 2020, an important milestone was reached when 4.92 million new energy vehicles (NEVs), including battery electric, plug-in hybrid, and fuel cell vehicles, were operating on China`s roads. These were 1.75% of the country`s total vehicle stock. Ten years ago, China had only deployed some 20,000 NEVs nationwide, and it was only eight years ago that China established a mid-term strategy for NEV development that aimed at a cumulative 5 million vehicles sold by the end of 2020. This means that in just a decade, China`s NEV population grew by about 250 fold! Not only has the 5 million interim goal been met, but the country has cultivated the world`s largest plug-in electric vehicle (PEV) market. In 2020, nearly half of the world`s plug-in electric car production and 90% of heavy-duty electric vehicle production was in China. Our comprehensive new report quantitatively analyzes many aspects of the PEV market and finds that China`s success is about much more than simply putting the largest PEV fleet on the road. And these things are important to understand, especially when considering the global context of the PEV market. For example, China produces about half of world`s PEV batteries and has developed a relatively complete, home-grown battery manufacturing supply chain. China has also built the world`s largest public charging network: For every 10 public electric vehicle chargers in the world, six are in China. What`s more, some of the most successful electric car makers are Chinese auto groups. Four of them – BYD, BAIC, Geely, and SAIC – have reached a large economy of scale and have sold more than 200,000 electric cars globally. BYD sold more than 753,000 electric cars up to 2019 and ranked as the world`s second largest EV manufacturer, only after Tesla (900,000 cumulative sales). On technology research and development, China owns the most technology patents in fast charging and wireless charging as of 2019. Last but not least, many Chinese cities have become the world`s leading PEV markets. In 2020, 14 of the world`s [EV capitals" were in China. How did China do it? Our new report also reveals that China`s success has been built on a foundation that includes a clearly articulated vision, consistent planning, coordinated action, city-level innovation and leadership, policy implementation, and the continued adaptation of policy tools to meet the changing market. This policy architecture is illustrated in the figure below and we elaborate on these elements below it. Clear national strategies and plans: China`s Five-Year Plans are now world-famous for setting a top-down agenda for economic development and coordinated national ministry action, and these have been the backbone of strategy and policy continuity in China`s NEV development. The industrial plans contained within the Five-Year Plans set detailed development goals and targets for NEVs, including market size and technology penetration rates, and identified the policies and funding required to meet those goals. Policies like the [Ten Cities, Thousand Vehicles" pilot projects, as well as subsidy programs, tax breaks, and technical standards, all grew from these macro-level plans. Aligned policy goals: In the past decade, China faced multiple challenges regarding oil security, the bottlenecking of auto industry development, choking air pollution, and rising climate change threats. Because NEVs offer to address all, various ministries were motivated to coordinate and promote NEVs using their authorities. These concerted efforts led to a wide range of NEV-favored policies covering supply chain, production, sales, registration and licensing, ownership, fueling/utility, driving, parking, and charging stations. Multi-stakeholder partnerships: When it comes to turning plans and goals into action, China forms government-industry-academic-research partnerships to coordinate decision-making, financing, and implementation. This mechanism enabled a quick transformation from laboratory prototype models to real-world NEV products. In this partnership, the government dominates the R&D and steers the project, and also serves as a consumer of the final products; universities and research institutes provide technologies; and industry receives matching government funding to commercialize the vehicle technology. The mechanism was most effective in the early technology-demonstration stage, when private consumers were hesitant to try the new technologies and industrial motivation was, as a result, lacking. Focus on building a home-grown supply chain: From the beginning of its NEV strategy, China has focused on building its own, complete supply chain. This is not just the essence of China`s long-term industrial development vision – to make the nation`s auto industry big and strong – but also the key to motivating both upstream and downstream players along the value chain. Today, after decades of state investment, China has a wide lead over the United States and Europe in batteries and has built up a relatively complete and strong NEV supply chain. Innovative policies: China has crafted an innovative policy toolkit to help launch the largest PEV market in just one decade. This includes pilot programs, central and local NEV purchase subsidies, tax breaks, NEV production mandates, and a suite of measures tailored to local conditions. Such local measures include fiscal and nonfiscal measures like licensing, road access, parking, and charging incentives, and government-private partnerships for building electric taxi and ride-hailing fleets. This policy portfolio even expanded after the COVID-19 downturn, and in mid-2020, China launched an [NEVs going to the countryside" campaign geared toward mobilizing and incentivizing NEVs in rural markets. This policy has largely vitalized the smaller, more affordable NEVs and helped the nation`s overall NEV sales rebound in the second half of the year. Motivated cities: Local governments are where policy innovation and implementation occur. Leading markets like Beijing, Shanghai, and Shenzhen developed strong policies that initially provided a spark for industrial growth; these, in turn, spurred electric vehicle uptake several times higher than other markets and brought improved air quality. Shenzhen was able to accomplish world-leading electric bus and taxi fleet conversions, and this helped the city achieve world-class air quality. In the meantime, its regional economy also more than doubled. Smaller cities additionally developed their own distinct recipes for NEV success. Liuzhou is a role model for non-tier I cities to achieve 24% of NEV market penetration. Liuzhou achieved this in 2020 with its engaging consumer campaigns and strong efforts in securing and offering free parking spaces for the local EV brand, Baojun electric two-seaters.

    2021 02/02

  • A global chip shortage is hitting carmakers at the worst possible time
    The world's largest carmakers are facing a critical shortage of semiconductors that threatens to hamstring production just as the industry tries to stage a comeback from a sales slump caused by the pandemic. Volkswagen (VLKAF), Ford (F), Fiat Chrysler (FCAU) and Nissan (NSANF) are among major automakers suffering from the global shortage of chips, which are used in a growing number of applications, including driver assistance systems and navigation control. The average car has between 50 to 150 chips. Volkswagen said in a statement last month that it will need to adapt production at plants in China, North America and Europe this quarter. The changes will affect production of the bestselling VW Golf, as well as models from its Audi, Skoda and Seat brands. According to UBS analysts, the world's largest carmaker could lose out on production of 100,000 units in the first three months of the year, or roughly 4% of global quarterly output, as a result of the components shortages. "We are doing everything in our power to minimize lost production and to ensure that normal deliveries to customers can be resumed as rapidly as possible," Volkswagen Group purchasing manager Murat Aksel said in a statement on December 18. A Volkswagen spokesperson told CNN Business on Tuesday that the situation remains difficult. But it's not possible to quantify the impact at this stage, the spokesperson added. Ford halted production this week at its Louisville, Kentucky assembly plant, which builds the Escape and Corsair, as a result of the semiconductor shortage. The company said in a statement on Monday that it is working closely with suppliers and prioritizing "key vehicle lines for production." Fiat Chrysler said it will delay the restart of production following a scheduled break at its Toluca, Mexico plant, which builds the Jeep Compass. It will also schedule downtime at its Canadian plant in Ontario, which produces the Chrysler 300, Dodge Charger and Dodge Challenger. "This will minimize the impact of the current semiconductor shortage while ensuring we maintain production at our other North American plants," the company, which is set to merge with PSA Group (PUGOY) this month, said in a statement. Japanese carmakers Honda (HMC) and Nissan confirmed that they too are facing supply issues, but declined to quantify the impact. Nikkei, a Japanese business publication, reported last week that Honda will slash production by about 4,000 units this month, mainly affecting the Fit subcompact manufactured at its Suzuka plant. Honda said in a statement on Tuesday that the factory is running normally at present. The disruption comes at a crucial time for carmakers, which suffered a collapse in sales in the early months of the pandemic, yet remain under intense pressure from global regulators to invest heavily in electric cars. Research firm Bernstein estimates global light vehicle sales will grow 9% in 2021, following an expected 15% decline last year. A chip shortage The supply chain bottleneck could end up hurting business. A much stronger than expected recovery in sales and production volumes has contributed to the crunch, but carmakers risk missing out on the demand uplift if assembly lines slow. When the pandemic forced automakers to temporarily shutter factories last year, leading semiconductor manufacturers reassigned production capacity to companies making smartphones, laptops and gaming devices. "With lead times of six to nine months, the semiconductor industry has not been able to scale up fast enough to meet this unexpected growth in automotive demand," parts supplier Continental (CTTAF) said in a statement sent to CNN Business on Tuesday. The bottlenecks are expected to continue "well into 2021, causing major disruptions in Continental's production." The company said that an internal task force supervised by senior management is managing the "critical situation." Automakers account for only about 12% of all semiconductor demand globally, putting them in relatively weak purchasing position, said Arndt Ellinghorst, a senior analyst at Bernstein. Bosch, the world's largest car parts supplier, said in a statement Tuesday that it is doing "all it can" to keep customers supplied. "In this respect, we are in close daily contact with our suppliers and customers," it added. BMW said it has not yet had to contend with interruptions to production but is in "constant contact" with its suppliers. General Motors (GM) and France's Renault (RNLSY) said they are working with suppliers to mitigate the impact on production, while Daimler (DDAIF)-owned Mercedes-Benz said it is "monitoring the situation." The supply crunch should be alleviated by the second quarter, Ellinghorst told CNN Business. But it will take longer for the industry to recover from the pandemic. Global vehicle production is not expected to return to its 2019 level before 2022, Ellinghorst said. - Chris Isidore contributed reporting.

    2021 01/15

  • Geely Xingrui's dimensionality reduction strike or subversion?
    Recently, the term dimensionality reduction strikes seems to have become a buzzword on the Internet. And it seems to be talking about cars. To say that the term used most recently is the topic of Tesla's dimensionality reduction to hit the mid-size luxury SUV market. In the household A-class car market, there is also a player who can reduce dimensionality and hit the entire A-class car, and it is Geely Xingrui. The sales volume of the domestic A-class sedan market has been dominated by joint venture brands all the year round, but the emergence of Geely Xingrui is likely to end this trend. Why is there such a statement? Let's analyze what kind of product power it has. No matter what, in this age, appearance is very important. Geely Xingrui looks very auspicious at first glance. While it has a dynamic shape, it also looks very heavy. The straight waterfall grille on the front face is particularly solemn and seems to have some Volvo shadows. The bulging muscle lines on the hood are full of strength. Such a front face design must conform to the aesthetics of most people. The side coupe-style body has a slippery back element and a straight waistline, which is both solemn and sexy. Although the rear of the car is not a penetrating taillight, the long and narrow chrome decoration cleverly connects the two taillights, giving a different sense of luxury. It is said that it can reduce dimensionality against all A-class car opponents, partly because it has an extremely long and amazing 2800mm wheelbase. Although the measurements are still normal and large at the level of A-class cars, the interior and seating space are enough to match any Class B rivals. The interior design of Geely Xingrui is luxurious and elegant, whether it is a sense of technology or a luxurious atmosphere, it is also very auspicious. Many parts have adopted the double color matching of yacht blue and high-grade gray, distributed on the door trim, center armrest, center console and seat. The large-area leather package of the interior, under the premise of fine workmanship and uniform stitching, the new car does not have any unpleasant odors. This is very rare. It can be seen that Geely's materials are very real. In terms of configuration, Geely`s driving assistance system is also very Geely and very Volvo. After all, Volvo is also the industry leader in driving assistance, so Geely, as the head of the family, naturally has nothing to say. As Geely Xingrui equipped with Geely and Volvo's intelligent safety system, driving assistance can also be called the first echelon. It is not only equipped with FCW front collision warning system, BSD blind spot monitoring system, ACC S&G start-stop adaptive cruise system, but also equipped with driving assistance functions such as ICC intelligent piloting system and AEB-PE pedestrian recognition system. It can be said that driving assistance and active safety are armed to the teeth. Comfortable and luxurious configuration, Geely Xingrui also has BOSE audio, head-up display, all-digital LCD instrument and 12.3-inch floating central large screen. It can support dual-screen linkage and support OTA upgrade. It is almost impossible to find so many intelligent technology configurations in the same-level joint venture A-class car. The power system is also the key part of its dimensionality reduction strike. The engine is a 2.0T engine from Volvo T4, with a maximum power of 140kW and a maximum torque of 300 Nm. Putting such power parameters on the A-class sedan will definitely take into account the luxury while also improving the sports performance of the vehicle. As for the rival's small-displacement turbocharged models, and even some models that are also equipped with naturally aspirated models, there is no way to resist the 2.0T engine of Geely Xingrui. In terms of durability, this medium-power 2.0T engine was used on Volvo S60, Volvo XC40 and Lynk&Co 03 as early as possible. It can withstand the market test and also provides plenty of power. In the actual driving process, the power is very direct to the execution of the accelerator pedal force. This feeling is not only due to the excellent power of 2.0T, but also the 7-speed wet dual-clutch gearbox equipped with Geely Xingrui. The gearbox is newly designed and developed by Geely and Volvo for the CMA architecture. It not only has the characteristics of smooth shifting and fast response, but also has outstanding efficiency. The actual comprehensive fuel consumption per 100 kilometers evaluated is between 8-9L. For such excellent power, the economy is still very good. On the whole, Geely Xingrui relies on CMA's world-class architecture design and development, with super power system and excellent chassis structure, as well as a full set of electrical and electronic architecture. In terms of three major items, Geely Xingrui can be said to not only have real hard-core strength, but it is also likely to redefine the future standards of A-class cars. For those with shabby configuration, weak power, cramped space, and only occupying the so-called market pioneers and good word-of-mouth joint venture rivals. Geely Xingrui`s dimensionality reduction strike is indeed qualified to challenge the Chinese A-class family car market and subvert this level. Let us wait and see.

    2021 01/13

  • Tesla is surging. Is it too late for investors to get in?
    Telsa shares outperformed all other major stocks by a wide margin last year, rising 743%. So does that mean its incredible run is behind it? Maybe not. The first week of 2021 once again saw Tesla among the S&P 500's best performers, rising 24.7%, just 1 percentage point behind market leader L Brands (LB). The week's gain, on top of Tesla's performance last year, was enough to make CEO Elon Musk the richest person on the planet, and its shares surpassed Facebook (FB) to become the fifth most valuable US stock. If it keeps up the first week's pace of increase, Tesla stock would match all of last year's gain by mid-March. Not that anyone is predicting another 700% increase in the shares this year. Or even a tenth of that. In fact, even some of the most bullish analysts are only forecasting that Tesla shares would hit $1,000 by the end of the year, about a 14% rise for the rest of 2021 from Friday's record high close. Several analysts with relatively positive outlooks for the company have 12-month price targets well below Friday's $880 close. The current mean target price for analysts is $440, which would be a 50% drop in shares. Of the 35 analysts following the stock, 13 have a "strong buy" or "buy" recommendation, and another 11 have a neutral or hold recommendation. Of the rest, seven have a sell recommendation, and only four a "strong sell." Morgan Stanley's Adam Jonas is one of the bullish analysts with a bearish price target. Considered one of the top auto analyts on Wall Street, Jonas upgraded his recommendation on Tesla to "overweight" in late November, but has scrambled to keep raising his price target ahead of the market price. On November 18, when he upgraded the stock, he set a $540 target price, which was a 22% rise from where shares stood at that point. This past Wednesday he pushed it up to $810, only to see Tesla shares rapidly blow past that mark, too. What makes it so difficult to predict Tesla shares is that investors aren't pricing it based on how the company is doing now. If they were, a company with only 500,000 car sales last year would hardly be worth more than the combined value of the world's 10 most valuable automakers, which together account for the large majority of the world's nearly 75 million annual car sales. Rather, they are betting on Tesla's ability to keep growing rapidly, and to capture a large share of the world's growing appetite for electric vehicles, or EVs. There are forecasts predicting that within 10 to 20 years, Tesla could become the world's No. 1 automaker, not just of electric cars, but of any kind of car. Dan Ives, tech analyst with Wedbush Securities, has a base case target price of $715 for Tesla shares, and a bull case target of $1,000. His buy recommendation on Tesla is predicated on his belief that Tesla will continue its strong run. "I think they could hit 1 million vehicles [delivered annually] by 2022. And looking at north of 3 to 4 million as we go into 2025-26, with 40% of that growth coming from China," he said. "We believe if you look out over the next 10-15 years, you could start looking at 10-12 million vehicles a year," he said. Volkswagen, the current world leader, sold 11 million cars in 2019. That's all conjecture, of course. But what's indisputable is that Tesla stock has proven analysts wrong consistently over the run that began 15 months ago. On October 23, 2019, just before Tesla reported the strong sales and profits that started to erase Wall Street's doubts about the stock, shares closed at $50.94 when adjusted for the subsequent stock split. They jumped 18% the next day, and were off to the races, rising a total of 1,628% since then. It was a rise that analysts never saw coming. Their median target price in October 2019 was only about $50 at that time, adjusted for the split. The 12-month target price a year ago stood at $62. From here, Ives points to some of the most successful tech stocks in the world and says Tesla now stands at the same point those companies did at turning points in their histories. "If you're a core EV (electric vehicle) believer, we're still in the early days of the market playing out," he said. "I'd only compare it to what I've seen from Apple (AAPL) launching the iPhone and Netflix (NFLX) coming out with a streaming service and Amazon (AMZN) coming out with Prime."

    2021 01/11

  • The development trend of China's auto supplies industry in 2021
    Car supplies refer to car-related products used in car modification, car beauty, and car decoration. Mainly applicable to related application scenarios in the automotive aftermarket. With the steady development of China's economy and the gradual improvement of residents' consumption levels, the overall expansion of automobile production and sales, and the gradual expansion of the market for waxing, filming, and electronic products for new cars. At the same time, with the continuous increase in the number of motor vehicles in China, the demand for auto products in the aftermarket such as car maintenance and auto modification has gradually expanded, and the requirements for auto products have become higher and higher. China's auto supplies industry has made good development achievements in recent years. Industry profile: a large number of products and companies The entire automobile industry chain in my country is composed of three links: automobile manufacturing, automobile circulation, and automobile aftermarket. Auto parts are located in the first link of the automobile aftermarket. The upstream and downstream industries of auto supplies mainly refer to related supply and demand industries. The upstream is mainly the supply industry of raw materials for automotive supplies, while the downstream is the industry that has demand for automotive supplies, mainly the automotive aftermarket. The upstream impact on the automotive supplies industry is mainly in terms of cost. The price changes of raw materials (including steel, aluminum, plastics, petrochemicals, rubber, etc.) are directly related to the manufacturing cost of automotive supplies. The downstream impact on automotive supplies is mainly in market demand and market competition. With the development of science and technology, the upgrading of auto products is accelerating. Under the consumption upgrade, the brand quality requirements of auto supplies are increasing. Manufacturers must provide products that can effectively meet market demand, otherwise they will face the dilemma of supply and demand disconnection, resulting in structure Imbalances and product backlogs. The upstream of the automotive supplies industry chain mainly includes markets that provide raw materials, including steel, non-ferrous metals, electronic components, plastics, rubber, wood, glass, ceramics, and leather. Among them, steel, non-ferrous metals, electronic components, plastics, rubber, and petrochemical products have large demand for raw materials. The downstream includes automobile aftermarket entities such as automobile 4S shops, automobile repair shops, automobile modification plants, automobile maintenance shops, and professional automobile supply stores. Due to the large variety of products in the automotive supplies industry, no large-scale monopolistic enterprises have formed in the entire industry. From the perspective of segmented products, most products such as car ornaments, perfumes, color bars, steering wheel covers, etc. have low entry barriers. Small companies can also produce related products, so they are in a state of fierce competition. Products closely related to the petrochemical industry have formed a monopoly by several major companies, such as Sinopec, PetroChina, Shell and ExxonMobil. Policy promotion: Policies are frequently implemented to boost industry development Policies are frequently issued, and the requirements of the automotive industry are gradually increasing Since there are many types of automotive supplies, and these products involve different industries and fields, such as car steering wheel covers and seat cushions can be classified as textiles, lubricants belong to the petrochemical industry, and car navigation and other electronic equipment. Different products are in There is a big gap in technical standards and production methods. At present, the state still lacks unified laws and regulations and related policies for the auto supplies industry, and the development of auto supplies is affected by the development policies of the auto industry. On the whole, the country is promoting the adjustment and upgrading of my country's automobile industry, encouraging the development and manufacturing of high-quality, high-tech self-owned brand cars, and maintaining greater support for new energy vehicles. The release of a series of automobile industry policies has undoubtedly put forward higher requirements for automobile supplies. Industrial planning guides the transformation and upgrading of the automotive industry As an important part of the automotive aftermarket, automotive supplies are closely related to the development of automotive manufacturing. The "Energy-saving and New Energy Vehicle Industry Development Plan (2012-2020)" proposes to vigorously develop new energy vehicles and form a new energy vehicle enterprise with strong competitiveness. In 2015, the "13th Five-Year" Automobile Industry Development Planning Opinions issued by the Association of Automobile Manufacturers stated that by 2020, Chinese brand cars will occupy a leading position in the domestic market, and the production capacity of pure electric vehicles and plug-in hybrid vehicles will reach 2 million. Cumulative production and sales have exceeded 5 million vehicles. In the "Mid and Long-term Development Plan for the Automobile Industry" and the "Implementation Plan for Improving the Consumption Promotion System and Mechanism (2018-2020)", both proposed to develop the automotive aftermarket and tap the potential of the aftermarket. And automotive supplies are widely used in car maintenance, In the aftermarket activities such as maintenance and modification, the development of the automotive aftermarket will undoubtedly boost consumer confidence in automotive supplies. Current market situation: Product price fluctuations have increased, and the market scale has expanded significantly Overall increase in automobile production and sales The automobile industry is a multi-level integrated industry that can reflect the country's economic development and operation to a certain extent. In recent years, China's economy has maintained medium-to-high-speed growth, residents' income and consumption levels have steadily increased, the level of industrialization has gradually increased, and China's automobile production and sales have increased overall. According to statistics from the China Automobile Association, from 2011 to 2017, my country's automobile production and sales are in a continuous growth trend. In 2018, my country's automobile production was 27.809 million vehicles, and automobile sales were 28.81 million vehicles, ranking first in the world for ten consecutive years. However, due to the slowdown in economic growth, the Sino-US trade war, the decline in consumer confidence, and the introduction of preferential purchase tax policies, my country's auto production and sales have all declined slightly. In 2019, my country's auto production and sales totaled 2,5721,000 and 2,576 respectively. 9,000 vehicles, down 7.5% and 8.2% respectively. Affected by the government's strategy to expand domestic demand and various consumption promotion policies during the epidemic, the production and sales of automobiles will be 22.372 million and 22.470 million vehicles from January to November 2020, down 3% and 2.9% year-on-year respectively. , The decline continued to narrow by 1.6 and 1.8 percentage points from January to October, respectively. The China Automobile Association predicts that in 2020, the annual car sales are expected to exceed 25 million, a drop of less than 2%, and the industry situation is showing a steady progress. Steady increase in car ownership In recent years, the rapid development of my country's automobile industry has led to a continuous increase in car ownership. According to data released by the Ministry of Public Security, from 2012 to 2019, my country's car ownership has increased year by year, with a compound growth rate of 13.4%. In 2019, my country's car ownership was 261.5 million, a year-on-year increase of 12.6%. As of September 2020, the number of motor vehicles nationwide has reached 365 million, of which 275 million are automobiles. From 2012 to 2019, the number of private cars (private small and micro passenger cars) in my country has increased year by year, and its proportion in the number of cars in the country has shown an overall upward trend. According to data released by the Ministry of Public Security, the number of private cars in the country reached 207 million at the end of 2019, exceeding 200 million for the first time, with an average annual increase of 19.96 million in the past five years. Product prices show a slight steady upward trend With the development of the automobile industry in my country, the number of automobiles has increased year after year, and the demand for automobile products has correspondingly expanded; coupled with the continuous improvement of residents` income and consumption levels and the promotion of consumption upgrade trends, drivers` price acceptance of products has increased. The overall price showed a slight steady upward trend. According to the information system monitoring of the "China Jinhengde Auto Accessories Price Index Network", the auto accessories price index in November 2020 was 125.1, an increase of 0.37 points from the price index in October 2020, a decrease of 0.297%. The 22 middle category showed 11 ups and 11 downs. The category that fell the most was car anti-theft devices with a decrease of 0.55 points, followed by solar film and GPS navigation. Automotive exteriors and automotive electronics both fell slightly. At the end of 2020, auto accessories sales will enter the peak season, and it is expected that the Jinhengde auto accessories price index will rise slightly in the future. In November 2020, the price index of automotive exterior products declined. The price index was 112.88 points, down 0.7 points from the previous month, or 0.616%. Automotive exterior products showed a trend of 1 up and 2 down. The largest decline was solar film, which fell 0.45 points from the previous month, or 0.41%. Trillion-level market gradually formed The overall sales volume of China's automobile industry has increased. New cars have increased demand for solar film, color change film, car body waxing, and decorations. With the increase in car ownership, the demand for car cleaning, maintenance, repair and modification in my country has increased correspondingly, and increased demand Demand for related products. Relevant research shows that more than half of car owners will purchase foot cushions, cushions and accessories after buying a car; while some car owners will purchase car stickers, beads, incense, pillows, neck pillows, storage boxes, etc. Coupled with the increase in consumption levels and the overall volatility of the prices of auto supplies, my country's auto supplies market has gradually moved towards a trillion level. Competitive landscape: automotive electronics account for the highest proportion, and lubricating oil giants compete fiercely Product competition: automotive electronics accounted for more than 30% At present, there are relatively many types of automotive electronic products in my country's automotive products, including car navigation, driving recorder, car speakers, car vacuum cleaners, reversing radar and other high-value products. Its market size accounts for 32.3% of automotive products. ; There are many types of car decoration products and car beauty and maintenance products, and the frequency of use is relatively high. Their market scales account for 29.2% and 26.7% respectively. Domestic brands account for more than 70% As a major category of petroleum products, lubricating oil has the characteristics of high technical content and high product added value. From the perspective of the lubricant industry, the domestic lubricant market has fierce competition between Chinese product brands and international brands, and decentralized competition is gradually transitioning to concentrated competition. Local lubricant manufacturers, large state-owned lubricant manufacturers, and foreign-funded lubricant manufacturers together constitute the main body of lubricant competition. The large number of products makes the domestic lubricant industry in a state of decentralized competition for a long time. After 2000, domestic lubricating oil operators Kunlun Lubricants and Great Wall Lubricants accelerated the integration of their brands, forming a situation where domestic well-known brands and foreign brands jointly dominate the lubricant market. Foreign brands have the right to speak in safety seats The safety seat is a seat specially designed for children of different weights (or age groups). It is installed in the car and can effectively improve the safety of children in the car. In the case of a car collision or sudden deceleration, the impact on children can be reduced and the children's body movement can be restricted to reduce their injuries. In the early 1960s, Europe had already developed child safety seats for automobiles, and my country officially introduced the first child riding standard "Automobile Child Member Restraint System" in 2012. The overall development of child safety seats in my country lags behind foreign countries. According to the [2019 Safety Seat Rankings" of the Top Ten Brand Network, among the top ten car safety seat brands, foreign brands occupy six seats. The only domestic brands are GB Goodbaby, CYBEX Cybex, and Shanghai Fueryou. Its own brand of Ruikaiwei and McInF (Ningbo)'s own baby brand are on the list. Channel competition: Auto parts city and auto supply stores still occupy important positions Nowadays, the main way for consumers to purchase car products is still the traditional way. Auto parts city and auto supplies stores are still the first choice for about 35% of consumers to buy auto supplies. With the rapid development of e-commerce, young people are increasingly choosing online shopping channels in the consumption of auto supplies, gradually keeping pace with other traditional and tangible markets. Development trend: The market scale will continue to expand, and environmental protection has become an important standard Although my country's auto production and sales declined in 2018, it still ranks first in the world, and my country's auto ownership still maintains a steady growth trend. With the encouraging development of new energy vehicles, my country's future production and sales in the automobile industry will not drop significantly. With the further improvement of consumption power, the consumption of installing electronic products in cars, car decoration and car modification will increase, which will further promote the expansion of the industry. At the same time, the post-90s have gradually become the main consumer, young people are pursuing individuality, and automotive products will show a trend of personalized development, and DIY products will further increase. With consumption upgrades, consumers` sense of brand identity will be further enhanced, which will accelerate non-branding The elimination of small companies will also stimulate the enhancement of corporate brand awareness and brand establishment in the industry. In the current environment of ecological protection, my country's automotive product manufacturers must design and produce green products in order to better meet the requirements of national policies and gain consumers' favor.

    2021 01/11

  • Hyundai stock skyrockets on reports it is in early talks with Apple to build a car
    Hyundai's stock is on pace for its best day in at least two decades on reports that the South Korean automaker is in early talks with Apple to develop self-driving electric cars. While nothing has been finalized, several media outlets reported Friday that Hyundai has confirmed that it is talking to Apple. The news was initially reported by Korea Economic Daily TV, though Reuters, Bloomberg and others have since reported that Hyundai says it is in some kind of discussion with Apple (AAPL) about a car tie-up. CNN Business has been unable to confirm the nature of the discussions. Hyundai said in a statement only that "we are receiving proposals for cooperation from various companies, but no decision has been made yet." Apple declined to comment. Shares in the automaker, though, are surging as investors consider the possibility that Hyundai (HYMTF)could be a partner on Apple's long-rumored car project. The stock was last up more than 20% in Seoul, putting it on pace for its best day in at least 20 years, according to data provider Refinitiv. Both companies have reason to consider a partnership. Talk of Apple's interest in electric, self-driving cars has existed for years, though it has been heating up recently. A Reuters report last month, citing unnamed sources, said that Apple plans to produce a passenger vehicle by 2024. A Bloomberg report this week, also citing unnamed sources, said that Apple has begun early development work on an electric vehicle, but any resulting product would be at least five years away. Hyundai, meanwhile, has pledged top dollar to join the race to build such vehicles. The company said last October that it plans to invest 41 trillion won ($37 billion) into "future mobility technology" by 2025 - a commitment that puts it on par with major players like Volkswagen. In December, Hyundai unveiled engineering for a series of new electric cars. Called E-GMP, this basic vehicle structure will provide for over 300 miles of driving range, according to Hyundai, and can be charged to 80% of its full power in 18 minutes. It can be used as the basis of sedans and SUVs, the company has said. "We believe Apple is in the early stages of talks and looking at a handful of strategic partnerships and collaborations globally with existing auto makers on the [electric vehicle] front, with Hyundai on the radar," Wedbush analyst Dan Ives wrote in a research note published shortly after reports about the Hyundai discussions first broke. He added that self-driving cars are probably fairly far off for Apple given safety and regulatory issues. But he said that electric cars are "what could ultimately be a trillion dollar opportunity globally over the next decade." "It's a smart strategic move for Apple to dive into the deep end of the pool on this new age of [electric] vehicles," Ives said. -- Peter Valdes-Dapena and Yoonjung Seo contributed reporting.

    2021 01/08

  • Tesla will start selling cars in India next year, government says
    Tesla may finally be coming to India. The country's transport minister, Nitin Gadkari, says that Elon Musk's electric car company will start selling vehicles there next year. After establishing sales centers, Tesla will then "look into setting up ... manufacturing here," Gadkari said in a statement to CNN Business. Tesla (TSLA) did not immediately respond to a request for comment. Asked by a Twitter user on Sunday about the company's India plans for 2021, Musk said that the company would "definitely" enter the market, though not in January. Musk's push into the world's fourth largest car markethas been in the works for a long time. Back in 2017, the CEO said that Tesla was planning to sell cars in the country as soon as that summer. The delay may have been well timed. Car sales in Indiadropped sharply in 2019 as new safety and emission regulations drove up prices, and troubles among India's consumer finance providers hit lending. Other American companies have been retreating from India over the last few years, including General Motors andmotorcycle maker Harley Davidson. India has been courting electric vehicles, though, and carmakers see a lot of sales potential. The government has set an ambitious goal to reduce the number of gas-powered vehicles on its roads, while offering subsidies and other incentives to increase the number of electric cars on the market. Last year, Hyundai launched its first electric vehicle for the Indian market, the Hyundai Kona Electric. The South Korean company at the time praised India for "ushering into a new era with clean and connected mobility." Hyundai was at the time the second company to sell electric cars in India, after local rival Mahindra. Since then, Tata and MG Motor have debuted their own vehicles in the country, as has Daimler's Mercedes-Benz. Tesla, meanwhile, is on an absolute tear. The company's stock is up nearly 700% since the start of 2020, and it recently joined the S&P 500 (SPX). But some analysts worry that investors are discounting the competitive threat in the electric vehicle market that Tesla will face going forward. -- Rishi Iyengar contributed to this report.

    2021 01/08

  • Electric cars hit record 54% of sales in Norway as VW overtakes Tesla
    Battery electric vehicles accounted for more than half of all cars sold in Norway last year, putting the country way out in front in efforts to kill off the internal combustion engine. And Tesla (TSLA) lost its sales crown to the Volkswagen Group. Norway is using huge tax incentives to help ensure that every new passenger car and van sold in the country by the end of 2025 is a zero-emission vehicle. Record electric vehicle sales in 2020 means the country is now ahead of schedule, according to Oyvind Solberg Thorsen, CEO of the Norwegian Road Federation (OFV). The market share of electric cars in Norway increased to 54% in 2020 from 42% the previous year, according to data published by OFV on Tuesday. When hybrid vehicles are included, the share of electrified vehicles hit 83% last year. Petrol and diesel cars, which had a combined market share of 71% in 2015, now have just 17%. Norway is the global leader in pushing polluting vehicles off the roads, and it appears to be gaining momentum, with battery electric vehicles accounting for two thirds of all sales during the month of December. Other countries are playing catch up. The United Kingdom said in November that it would ban the sale of new cars that run only on fossil fuels in 2030, five years earlier than previously planned. Carmakers have sought to use Norway as a testing ground for their electric ambitions.Volkswagen's (VLKAF) luxury brand Audi was the market leader in 2020, according to OFV, selling 9,227 of its e-tron vehicles in the country. Tesla's (TSLA) Model 3, the 2019 leader, was pushed into second place with 7,770 sales. Volkswagen's ID.3 ranked third with 7,754 cars sold. Norway, which is the largest crude oil producer in western Europe, has been using tax breaks to increase sales of electric cars for decades. Oil revenue helped build the country's $1.3 trillion sovereign wealth fund, which is now embracing renewable energy and dumping oil and gas stocks. The incentives make most electric vehicle models cheaper to buy than similar petrol models, according to the Norwegian Electric Vehicle Association. Buyers enjoy other incentives including use of bus lanes, and reduced fees on state ferries and toll roads. The country has 10,000 publicly available charging points, according to the Norwegian Electric Vehicle Association. - Chris Liakos and James Frater contributed reporting.

    2021 01/08

  • Apple Car speculation is back. Here's what we know so far
    Longstanding speculation that Apple will release its own electric, self-driving car was reignited last week when Reuters, citing unnamed sources, reported that Apple plans to produce a passenger vehicle by 2024. Talk of the iPhone maker's ambitions to break into the auto industry has been swirling for about five years. Expectations for the effort, named Project Titan, range from the company developing its own Apple-branded car to providing operating system software to existing car manufacturers. In April 2017, Apple received a permit from the California Department of Motor Vehicles to test self-driving vehicles there. An Apple car has the potential to be "a transformative event" for the automobile and mobility industry in the coming decades, Morgan Stanley analysts wrote in a note to investors last week - much as the iPhone changed the game for mobile phones. "There's just so much going on in [electric and autonomous vehicles] and connected tech," the analysts wrote. "It is perhaps a fitting time of the world's most valuable company to play its hand in the $10 trillion global mobility market." Apple has kept mum about its car ambitions, and the company did not respond to a request for comment on the recent reports. Although Apple is famous for its design and manufacturing firepower and is flush with cash, cars are a far different and lower-margin business. Still, coming from behind in a new market has been Apple's M.O.: Apple didn't invent the smartphone, for example, but it created an innovative, clean, user-friendly design that revolutionized the space and helped it dominate the market. Here's what we know about the possible Apple car. Why would Apple make a car? Electric vehicles are a burgeoning industry, and excitement around it hit a new peak in 2020. EV companies have watched their stock prices and fundraising dollars grow healthily this year, in contrast to the many businesses limping through 2020's pandemic. Analysts suspect that Apple, and other tech companies such as Google's Waymo, want in on that opportunity -- especially as infrastructure expands to support greater electric vehicle adoption. Apple may also be eying the rapid growth of Tesla, the world's leading electric vehicle producer. (CEO Elon Musk recently tweeted that he approached Apple CEO Cook about a sale to Apple during the early days of Tesla's Model 3 program but said Cook declined to meet. Apple did not respond to a request for comment.) Tesla's market cap has ballooned to more than $630 billion - after shares soared 682% this year - making it worth more than the combined market value of most of the world's major automakers. Given that car development typically takes four to five years, Apple could be hitting the gas now now to ensure it can be a viable Tesla competitor. "If they continue to wait, could Tesla run so far ahead of them that Apple could never play catch up?" DA Davidson analyst Tom Forte said. Some experts think it's more likely Apple will partner with one or multiple car makers to sell a car operating system, self-driving software or other related technology, rather than making the entire vehicle. "Probably partnering makes the most sense," said Mike Bailey, director of research at FBB Capital Partners. "The one issue that I've heard of is that cars can be less profitable relative to Apple's other products, so that is a concern if Apple is going to be shifting gears into a less profitable business line." It took Tesla years to become profitable, posting its first annual operating profit in January 2020 after nearly a decade as a public company. Producing a car, or even just an operating system, could be a new revenue growth area for Apple, something the company has been working to generate after inconsistent sales growth of its biggest revenue driver, iPhones, in recent years. Building self-driving cars could also create more time for people to use their iPhones, other Apple devices and Apple services. Around the world, drivers and passengers spend 600 billion hours inside cars annually, according to Morgan Stanley analysts. Among Apple's car-related patents: a virtual reality system that could help passengers work in a car without getting motion sickness. "If you look ahead, It's hard to see the Apple car being the next big thing in the way that, say, cloud has been for Microsoft and Google. But then again, no one really saw cloud coming," FBB's Bailey said. "This could be really interesting for Apple, but it seems like a long shot." Wait, car-related patents? Apple has been granted many patents for a wide range of inventions for vehicles, such assystems for controlling the motion of autonomous (or partially autonomous) vehicles and methods for adjusting the transparency or opaqueness of car windows. Apple has also fought to protect car-related intellectual property. In 2019, the FBI accused two Chinese nationals working for the company of stealing trade secrets from its self-driving car project. Apple said in a court filing that the exposure of confidential material would be "enormously damaging." Who is working on the project? A LinkedIn search shows that over the past few years, Apple has hired experienced executives, engineers and supply chain managers from Tesla, Google's Waymo, Fiat Chrysler, BMW, Ford, Uber and other auto industry leaders. Project Titan has attracted talent like Doug Field, who developed vehicles at Tesla, Ford and Segway, and Julian Honig, a former Audi designer. Field joined Apple in 2018, according to his LinkedIn page. CNBC reported in January 2019 that Apple had laid off 200 people from Project Titan; Apple at the time would only share a statement describing a staff reshuffling involving workers switching to other teams. In short, the project's exact size and makeup are not clear. What's next? In the near term, analysts say Apple likely has a few more urgent priorities, like building up the ecosystem around its 5G iPhone and ramping up its healthcare efforts. But the idea of an Apple car remains a tantalizing possibility. "Do I think that Apple could be a significant competitor in electric, autonomous vehicles if desired?" asked DA Davidson's Forte. "Absolutely." --CNN's Matt McFarland and Sherisse Pham contributed to this report.

    2021 01/08

  • Americans are buying cars again
    US car sales have picked up again -- and Americans are back to buying vehicles at their pre-pandemic pace, according to General Motors. As the nation's largest automaker, GM has a pulse on industrywide trends, and the company said overall car sales to US consumers are now back to where they were before auto sales fell sharply in the spring following Covid-fueled job losses and widespread work from home. It's an important milestone for the industry, and a much faster recovery than many experts were forecasting. "When you look back to where we were in March and how dismal things looked, it's incredible how strong the year ended," said Michelle Krebs, senior analyst at AutoTrader. GM made the announcement Tuesday alongside a release of its own fourth-quarter sales figures. It doesn't mean that auto sales are all the way back: Fleet sales, which typically make up about 20% of overall US sales, are still way off, GM said. That's especially true for sales to rental car companies, which account for roughly half of fleet sales. At GM (GM) specifically, fourth-quarter sales were up nearly 5% from a year ago -- but it's not a fair comparison, as GM's fourth quarter 2019 sales were impacted by a prolonged strike at the automaker. GM's full-year sales were down about 12% from 2019. But Toyota (TM) also reported US quarterly sales rose 9% compared to a year ago. Toyota traditionally has not depended as much on fleet sales as some of its rivals. For the full year its sales were down 11%. GM said its average transaction price in the fourth-quarter was a record $41,886. The full-year average of $39,229 also set a record. GM also said car buyers are spending more on the vehicles they are buying, choosing more expensive models such as larger SUVs and upgrading to more expensive option packages -- all good news for automakers. The strong retail numbers also mean the automakers didn't need to offer as much in terms of incentives to attract buyers. Krebs said that car sales were boosted by the the fact that many Americans who have been able to keep their jobs have not had their incomes hurt by the pandemic. But with widespread travel and dining restrictions, many of those consumers spent money on other things, such as home improvement or new vehicles. Buyers were also helped by low interest rates which reduced the cost of car payments. There are also some workers who relied on public transit or ride hailing services in the past who now prefer to have their own vehicle because of concerns over the possible spread of the Covid-19 virus. But for the millions who have lost jobs, or had their incomes cut by the recession, a new car is more out of reach than ever due to rising prices. Automakers are now offering fewer models that cost less than $30,000, Krebs said. That will continue to be a headwind for car sales going forward, and will likely prevent the industry from reaching the 17 million US car sales mark it hit in 2019 any time soon. "The auto industry is a perfect illustration of the K-shaped recovery," Krebs said, referring to the gap between gains in the upper end of the market and continued tough times for those with fewer resources. Other automakers are due to report fourth-quarter US sales later Tuesday or Wednesday. Those companies are forecast to also report stronger sales than in the second and third quarters, but many will see a drop compared to a year ago, because unlike GM, their fourth quarter 2019 sales were not impacted by a strike.

    2021 01/08

  • FAW-Volkswagen sees strong car sales in 2020
    CHANGCHUN - FAW-Volkswagen Automobile Co Ltd, a passenger car joint venture between China FAW Group Co Ltd and Volkswagen AG, reported strong annual auto sales in 2020, the company said. Its vehicle sales rose 1.5 percent year-on-year to over 2.16 million units last year. Of the total, the Volkswagen brand sold more than 1.28 million units, and the sales under the Audi and Jetta brands reached 726,288 units and 155,223 units, respectively, the carmaker said. Founded in 1991, FAW-Volkswagen has grown into one of the best-selling passenger vehicle manufacturers in the world's largest auto market. The carmaker currently has five production bases across China.

    2021 01/08

  • Self-driving service revolutionizing urban transportation
    CHANGSHA-A white car parked on a wide street in Changsha, capital of Central China's Hunan province, awaits passengers. However, there's something unusual about this ordinary-looking taxi-it has no "driver." In April, Changsha became the first in the country to roll out the self-driving taxi service for the public. Though the service is currently limited to a selected part in the city, mainly covering residential communities, commercial areas and industrial parks, Changsha has nevertheless been dubbed the "City of Intelligent Driving" for unveiling such cutting-edge technology for public consumption. The driverless cars, also known as robotaxis, are coproduced by Chinese search provider and artificial intelligence heavyweight Baidu and Chinese automaker FAW Hongqi, and operated by Hunan Apollo Intelligent Transportation based in the city's Xiangjiang New Area. Users can hail the taxis using Baidu Map, a mobile navigation app. The driver's seat is not exactly empty but occupied by safety staffer. "During the self-driving mode, I do not need to control the steering wheel unless there is an emergency," said Cao Jiajie, a technician with Hunan Apollo. "A touch screen in the car identifies obstacles and makes dynamic predictions within a 360-degree field of vision and displays road conditions including nearby vehicles, lanes, intersections and traffic lights," said Cheng Li, director of the company's testing and vehicle operation department. The city has been a trial ground for several categories of smart vehicles, including self-driving buses running on China's first open-road smart bus demonstration line, according to a spokesperson of Xiangjiang Smart Tech Innovation Center. The smart bus demonstration line, built in the Xiangjiang New Area, is 7.8 kilometers long. It has 22 stops in both directions and has been operated safely for two years. Throttles, brakes, steering wheels and gear shifting in these autonomous vehicles are all managed by computers, allowing the "driver" to keep a better eye on the road during test drives, said He Jiancheng, a safety personnel staff. "My main task is to deal with any unpredictable situations that the car may encounter," he said. Based on their automation levels, intelligent driving technology at home and abroad is placed in five categories from L1 to L5.Self-driving taxis and buses plying Changsha roadways belong to L4 and L3, respectively, namely the "highly automated level "and the "conditional automated level". Although China is a latecomer to the self-driving sector, ambitious plans from technology giants like Baidu, Alibaba and Tencent as well as startups like Pony.ai have jump-started the industry.

    2021 01/08

  • Using the Correct Safety Seat for Your Child
    Motor vehicle injuries are a leading cause of death among children in the United States. But many of these deaths can be prevented. Risk Reduction for Every Age Buckling children in age- and size-appropriate car seats, booster seats, and seat belts reduces the risk of serious and fatal injuries: Car seat use reduces the risk for death to infants (aged <1 year) by 71%; and to toddlers (aged 1–4 years) by 54% in passenger vehicles. Booster seat use reduces the risk for serious injury by 45% for children aged 4–8 years when compared with seat belt use alone. For older children and adults, seat belt use reduces the risk for death and serious injury by approximately half.

    2021 01/08

  • Feature: Chinese company showcases world's first all-electric excavator "Blue Boy" in Las Vegas
    "It's the first of its kind in the world. The XE35U-E is a breakthrough innovation for the construction industry, a 100 percent electric vehicle, not a hybrid," said XCMG's American Region General Manager Xie Bin. by Julia Pierrepont LAS VEGAS, the United States, March 13 (Xinhua) -- At the 2020 CONEXPO-CON/AGG exposition for construction and agricultural equipment, currently running in Las Vegas until Saturday, China's leading manufacturer, XCMG, unveiled the industry's first all-electric excavator, the XE35U-E. "It's the first of its kind in the world," XCMG's American Region General Manager, Xie Bin, told Xinhua in an exclusive interview in front of the construction vehicle. "The XE35U-E is a breakthrough innovation for the construction industry, a 100 percent electric vehicle, not a hybrid." The XE35U-E, or "Blue Boy" as it's affectionately called, is a handsome, compact, all-electric mini-excavator with a snazzy blue and black finish, bright red tines on its durable digging arm, and a powerful, ground-level, forward-facing grading scoop positioned for maximum power between its front treads. With an operating weight of 4,200 kg, a bucket capacity of 1.6 cubic yards, a boom length of 8'5 feet, an engine power of 18.2/2200 kw/rpm, and a 12-hour operational worktime between charges, the "Blue Boy" is an action-packed dynamo in a compact package. Its sturdy, compact form can operate in tight places that larger machines can't, while its reinforced infrastructure, upgraded undercarriage, and stress-dispersing design still enables it to handle heavy workloads over the course of a full working day without recharging. Its comfortable, roomy, and well-designed cab is proving to be a favorite with operators and offers heating, air conditioning, seat belts, cup holders, backup power, and a dashboard with a bright visual display that also monitors the entire machine's status in real-time to ensure high performance and worry-free maintenance alerts. And, better still, as a battery-driven, all-electric machine, it is a whisper-quiet vehicle that does not require operators to wear cumbersome protective earphones or risk the same occupational hearing loss as high decibel, diesel engine operators. Most important of all, the "Blue Boy" is not a prototype but a real product that clients can book at the largest North America construction trade show. Xie's interview was interrupted by several calls from his colleagues to sign a contract with a local dealer. "Green tech doesn't get better than this, it is cool," Victor Geiger, an American contractor from Idaho in the western United States, told Xinhua as he checked out the "Blue Boy." Steven Chorney, President of the XCMG crane dealership in Edmonton, Alberta, Canada, told Xinhua, "We specialize in cranes, so, 'Blue Boy' is not a line we handle, but it is very impressive. From an environmental perspective, it's a great unit." As China becomes a world leader in government programs and regulations designed to promote the use of electric vehicles and green tech, XCMG is pushing that mandate to the max. "The world has a long way to go for green tech," Xie said in his interview, "But our 'Blue Boy' is the first machine to go 100 percent electric with zero emissions. And soon we will have more 'family members' for it," he promised. "We are going to make a better world," he predicted, "one construction site at a time." XCMG takes pride in creating powerful, durable machines that combine beautifully-crafted, rock-hard iron bodies with exquisite industrial designs that feature high performance parameters, unparalleled maneuverability and high work productivity. To demonstrate this in an amusing and masterful way, XCMG's expert machine operators displayed the Blue Boy's finesse and precision control by using its dexterous bucket to drop basketballs through a hoop and slice fruit on a balloon without popping it. XCMG, founded in 1943, has led way in the Chinese construction equipment industry's globalization efforts since the early 1990s. Now, 30 years on, they are the 6th largest CE manufacturer in the world, with their products sold in 184 countries and regions, ranking number one in many regions of Asia, the Middle East and Africa. They have established 15 overseas manufacturing facilities, 40 overseas offices, 300 overseas distributors, and they are setting their sights on expanding their footprint in the United States and bringing green tech and other innovations to the American market. "We believe science, technology and innovation is a key part of the next generation of equipment and green tech," explained Xie. "We want to create new machinery for the construction world to reduce pollution and increase efficiency. That's why we built 'Blue Boy.'" "We will continue to develop new equipment, create new momentum, and make unremitting efforts to save energy, reduce emissions and improve work efficiency," said Liu Jiansen, Vice President of XCMG Machinery and General Manager of XCMG Import and Export Ltd. To better serve their U.S. customers and dealers, XCMG has instituted a worldwide, quick-response after-sale system for enhanced customer service, rapid maintenance, and access to real-time technical consultations for their clients and dealers. "For the next 3 years, we will focus on building an excellent dealer network in the U.S. and Canada," disclosed Xie. They plan to hire at least 50 dealers across the United States so they can give strong support to their customers through XCMG's after-sale services, parts and maintenance warranties, said Xie, adding that once XCMG has built up North American sales of their various product lines, they would be interested in establishing other factories in the United States. "XCMG is committed to increasing local employment and economic development in the United States," Xie stressed.

    2021 01/07

  • Feel the innovation The top level in comfort
    Doppelmayr/Garaventa jointly developed an innovation that makes skiing and recreational fun even more enjoyable. As the world`s first manufacturer of seat heating for chairlifts, gondolas and combined installations, Doppelmayr/ Garaventa proves its flexibility and customer focus. Since launching the world`s first seat heating system in 2004, we have already installed seat heating on over 225 lifts. Plastic channels guide the current collectors on the incoming chairs onto the two power rails which are laid between the grip opening line and the grip closing line. Here the energy for the seat heating is absorbed. The power flows from the power rails via the current collector on the grip to the terminal box under the seat. From there it is used to warm the heating mats in the seat pads while the chair is in transit through the bottom station. The power flow stops once the chair leaves the station as the chair has then been heated sufficiently to provide the passengers with warm seats throughout their trip. The seat heating at a glance · 16-21 seconds heating time in the station · 7.5 kW rated output based on a detachable 6-seater chairlift · 420 W per seat · Heating mat protected against short-circuiting and damp · Protection against overheating via clocked electrical power supply at low speed

    2021 01/07

  • Up position, the most detailed knowledge of car seat heating
    In the recent ghost weather, going out to the whole world is like Gree air conditioner mastering the core technology and turning on the cold wind. It freezes people. If Pharaoh doesn`t write today`s article, there is only one reason, that is to be frozen. of. Today I will talk to you about a grounded topic, car seat heating. Don`t think that this feature is not important. Have you tried it? In the majestic winter, you braved the biting cold wind to find your car. Once you enter the car, you will find that although you don`t have a garage, you have The ice store, because the inside of the car is colder than the outside, so I sat down on the seat. . . . The feeling of being so cool and flying right through your pubic area. . . So when you change cars, you will definitely consider the configuration of seat heating. The principle of seat heating and the comparison of various car heating In layman's terms, the principle of seat heating is that the heated seat heats the seat through the resistance wire inside the seat, so that the seat heats up quickly in a short time, and then what is waiting for you will no longer be a cold one. Seat. And it's warm underneath (this seems to be an advertisement). The seat heating does not pose any safety hazards during use, and the internal materials will not easily cause short circuit, open circuit or aging even in harsh conditions. The mainstream seat heating operation methods on the market are divided into: roller type and button type, but what is the heating effect? We select representatives from various departments of B-class cars. German representative: Passat, it can be seen from the picture that the seat temperature has improved significantly in just two minutes, enough for daily use. Japanese representatives: Without comparison, there would be no harm, the efficiency was doubled, and the seat temperature rose to more than 10 degrees in 2 minutes. American representative: The heating effect is comparable to that of German cars, and the temperature of the seat cushion and backrest improves after 2 minutes. French representative: From the point of view of heating efficiency, it is very similar to Japanese cars. They both heat up quickly and have high temperatures. What's more interesting is that these two cars are designed with rollers. Through comparison, the Japanese representative Reiz ranked first in the three items respectively. It is definitely a car heating artifact in winter. The French car representative 508's overall performance is also very eye-catching. The seat heating is the fastest heating among the four cars. Series cars and American cars rank third or fourth, belonging to the slow-heating type. Perhaps due to the service life of the seats, the maximum heating temperature is also lower than that of French and Japanese cars. Car seat heating is a must-have artifact in winter, Pharaoh gave it a rough idea. The cost is not high. I hope that more and more car companies can pay attention to the configuration of this bonus item. After all, there are a large number of perceptual consumers. As long as you get to their demand points, sales will increase. Only by building a car from a consumer's perspective will it be supported by consumers.

    2021 01/06

  • How to use seat heating
    Seat heating refers to the electric heatinCar seat heating can only be used after the vehicle is started. The specific method is: find the seat heating switch and turn it on. The heating switch is a sign similar to a seat, and there are three upward wavy lines on the seat. Seat heating uses the electric heating wire in the seat to heat the interior of the seat, and transfers the heat to the occupants through heat transfer, so as to improve the uncomfortable feeling of riding due to the seat being too cold after a long period of parking in winter. Seat heating generally has three gears, namely high gear, middle gear, and low gear. Among them, the high gear has the highest heat, followed by the middle gear, and the low gear has the lowest heat. The seat heating switch has a pulley type and a button type. If it is a roller switch, if you want to increase the power of seat heating, just slide the pulley up directly. If it is a push-button switch, it has three gears. Press the gear once to increase the power once, and press it again after it reaches the maximum power gear to turn off the seat heating switch. When the ignition switch is turned off, the seat heating is turned off at the same time. g device in the seat. Seat heating uses the electric heating wire in the seat to heat the interior of the seat, and transfers the heat to the occupants through heat transfer, so as to improve the uncomfortable feeling of riding due to the seat being too cold after a long period of parking in winter. In order to protect the heating components of the seat heating device, please do not kneel on the seat or apply a point load to the seat surface and backrest. If the vehicle voltage drops, the seat heating device will automatically shut down to ensure that sufficient power is provided for the engine control system. After parking, turn off the seat heating or ventilation in time to prevent the next start, and the electric load will be too large.

    2021 01/06

  • What is the reason why the seat heating is not hot
    The reason why the seat heating is not hot may be that the adjusting switch is short-circuited, the fuse or the heating wire is burned out. The heating switch function of the car is to adjust the seat cushion heating power switch. When it is turned on, the seat cushion will cause the heat source to heat up. When we use seat heating, we must be careful not to kneel on the seat and add a point load on the seat surface to avoid damaging the heating components of the car heating seat; pay attention to the seat cushion and do not touch water, after all, the seat heats up The function is derived from electric control. The most general requirement for electrical appliances is to not touch water to avoid electric shock; the heating device of the seat should be gently activated after the car is on fire. Of course, it should be done in advance in winter. Good preheating.

    2021 01/06

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