Q2 lost more than 2.7 billion, and Weilai, who sells such expensive cars, can’t make any money?

Recently, Weilai announced the Q2 financial report for 2022. According to the financial report, its revenue in the second quarter was 10.29 billion yuan, a year-on-year increase of 21.8%. It is worth mentioning that this is also the first time that Weilai’s revenue has exceeded 10 billion. However, just when we expected Weilai to turn losses into profits, we found that the loss of Weilai Automobile in the second quarter was as high as 2,757.5 million yuan, which was 369.6% higher than that of the same period last year and 54.7% higher than that of Q1 this year.

In fact, Weilai also has a number of new cars listed this year, and the product line is not thin, at least it is much stronger than ideal. Moreover, Wei has been insisting on the idea of changing electricity for many years, which is also one of the important solutions that can effectively solve the anxiety of pure trams. Then the question is coming. Since the outside world is so optimistic, why did Weilai fall into the strange circle of "selling more but losing more"?

Thanks to a lot of sales, why can’t Wei Lai make money?

In fact, Weilai’s revenue performance is really bright enough, but the problem lies in the gross profit margin of Weilai’s vehicle sales. Presumably, you should have heard the news about the price increase of auto parts some time ago. Especially in the second quarter, due to the sharp increase in battery costs, the gross profit margin of Weilai vehicles fell to 16.7%. In the first quarter of this year, the gross profit margin of Weilai vehicle was still 18.1%, which was as high as 20.3% compared with the same period last year.

In fact, the pricing of Weilai products is not low, but from the perspective of gross profit margin, the cost of Weilai in other places has obviously dragged down the gross profit margin of the whole vehicle. If Weilai can’t get a profit margin within the current price range, then Weilai’s future development prospects are still grim.

In addition, Weilai’s increasing investment in technology research and development is also an important reason for the loss. According to the financial report, the R&D expenses of Weilai Q2 reached 2,149.5 million yuan, an increase of 143.2% compared with the same period last year. The expenditure cost here mainly lies in the increase of personnel cost, the design and development cost of new products and technologies.

Although, we believe that an enterprise wants to develop stably for a long time, it must be inseparable from technological innovation and research and development, but we must know that in the past six quarters, Weilai Automobile has accumulated losses of 15.14 billion yuan. How long will Weilai’s cash flow last if it has been in a state of increasing income without increasing profits?

Sales have been overtaken by the second camp. Is there any chance for Weilai?

Some time ago, major new energy vehicle companies announced their own sales in August. Wei Lai, among the new forces, has been surpassed by Nezha and Zero Run, two former younger brothers. According to the data, in August, the sales volume of Weilai was only 10,677, that of Nezha was 16,017, and that of retail was 12,525. This is awkward for Wei. After all, I used to get the first place in the sales list from time to time, but now I am surpassed by my younger brothers. It is really indecent.

According to the financial report data, the delivery volume of Weilai vehicles in the second quarter reached 25,059, including 3,681 ES8, 9,914 ES6, 4,715 EC6 and 6,749 ET7, which was 14.4% higher than that in the second quarter of 2021 and 2.8% lower than that in the first quarter of 2022. Regarding the decline of data, Weilai’s explanation is mainly influenced by epidemic situation, extreme weather and supply chain.

Of course, we all know that these excuses are just excuses. At present, the biggest problem of Weilai is actually the alternation of new and old products. Moreover, whether Weilai’s car products can continue the strength of the previous SUV market and make a big splash in the same level remains to be verified by the market. After all, for domestic consumers, everyone’s interest in SUV is obviously stronger than that of car products.

Then, it is not known whether Weilai can rely on new products to regain the top spot in the sales of new forces. But for investors, if you don’t make money and your sales position is unstable, why should I invest my money in you?

Will the strong rise of the world shake Weilai’s market position?

In fact, from the data in August, the former "Wei Xiaoli" has declined in sales. Aside from the big environmental factors, the strong rise of competitors brings a stronger sense of oppression. For example, although traditional car companies are late in the field of new energy, after all, the new energy track is not a sprint performance, but a marathon.

In the sales in August, we can see that the sales of Ai ‘an, which is backed by GAC, have far surpassed those of a number of new players. Of course, Ian also likes to "package" himself as a member of the new forces, but in fact he just wants to paint a tiger as a cat. Besides, the market of Ai ‘an is mainly at the B end, which is not worth mentioning. In addition, the rise of krypton is a bit surprising to us. After all, although it is backed by Geely, the sense of existence is not very strong. However, judging from the current extremely embarrassing momentum, the possibility of confronting Weilai will not be ruled out in the future.

Of course, what we are more optimistic about is actually AITO asking the world. As a new brand that has been in the limelight recently, AITO has indeed achieved good results. In particular, it has set a record of the fastest monthly sales of over 10,000 in China, which is enough to attract people’s attention. Of course, the reason why the series of products in the world can achieve such results is naturally inseparable from Huawei’s technology and channel support.

In terms of technology, Wenjie series has Huawei’s advanced three-electricity technology, especially the pure electric version of Wenjie M5 has been officially listed, so it is not too far away. Therefore, after bursting the ideal, it may be Wei’s turn to ask the next benchmarking object. You know, apart from the advanced power system, the car is also equipped with HarmonyOS OS, and it is definitely a leader in equipment interaction. From this point of view alone, the gap between Weilai and the world in product strength is still quite large.

Furthermore, according to reliable information, the M5 EV will be displayed in 180+ cities and 820+ Huawei stores nationwide. It is not difficult to see from this news that Huawei’s more than 820 stores will help the world to quickly complete product coverage, which is also far behind Weilai and the ideals. Therefore, although AITO started late, but relying on Huawei as a big tree to enjoy the cool air, the chances of overtaking in corners in the future are still quite great.

Write it at the end

In our view, it is also very important to ensure the normal operation of capital flow in many difficulties that Weilai faces. I don’t know how many people still remember that in June this year, a paper report by Grizzly Research, a foreign short-selling institution, targeted Weilai and pointed out that its performance was fraudulent. In this regard, Weilai also set up an independent Committee of the board of directors internally and conducted an investigation with the assistance of a third party. Of course, the survey results must prove that the short report is unfounded. But then again, our own people investigate our own people. Although there is a so-called third party, how convincing can the survey results be? I believe that the eyes of the masses are discerning. I just don’t know what the investors’ eyes are like.

Looking forward to the launch of U8 Deluxe Edition

People’s Political Consultative Conference Network Shenzhen, September 21st(Reporter Li Yuanli) On September 20th, looking up to the first product of Auto, looking up to the official launch of U8 Deluxe Edition, users can purchase and place orders by looking up to the official car App or applet. Looking up to U8 to locate a million-level new energy hard-core off-road, with the blessing of the two core technologies of Yifangfang and Yunqi -P intelligent hydraulic body control system, it has 1,200 super horsepower, comparable to the third-generation main battle tank, with the fastest acceleration of 3.6 seconds. It has the ability of all-terrain in-situ U-turn, flat tire and emergency floating, bringing unprecedented extreme safety, extreme performance and extreme experience to users, and is expected to rewrite the market structure of million-level luxury cars. Looking forward to the U8 Deluxe Exhibition Car will arrive in 13 cities including Shenzhen, Shanghai, Chengdu, Hangzhou and Ningbo, and users can experience it in person. The first batch of U8 Deluxe Edition will be delivered to users in late October.

Take the first two subversive core technologies: Easy Sifang and Yunnian-P.

The two subversive core technologies, Yi Sifang and Yunqi -P, are the solid foundation for U8 to surpass the extreme and never before. Traditional cars are limited by the central driving form with two wheels driven, and active safety still has great limitations. Looking up to U8, which is equipped with easy Sifang technology platform, with distributed four-motor as the core and four-wheel torque independent vector control, has the technical characteristics of fast sensing speed, accurate recognition accuracy and strong control ability, and is the golden key to unlock the safety of body attitude control. Yunqi -P intelligent hydraulic body control system opens six degrees of freedom of the vehicle in three dimensions, and fully realizes the horizontal-vertical-vertical integrated control of the vehicle. Yunqi -P has a strong ability to recognize the road environment, fast adjustment speed and high control accuracy for the suspension and body posture, and has a total adjustment stroke of 150mm for ultra-high suspension, three-level stiffness and continuous adaptive damping adjustment, matching 15+1 off-road modes, so that Wangqi U8 Deluxe Edition can calmly cope with all kinds of complex terrain and fully release the driving pleasure.

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200 super horsepower, the fastest acceleration is 3.6 seconds, and it has the ability of all-terrain in-situ U-turn, flat tire and emergency floating.

Easy Sifang technology endows the U8 Deluxe Edition with 1,200 super horsepower comparable to the third-generation main battle tank, making it the world’s first mass-produced new energy vehicle to climb the "Desert Everest" Bilutu Peak; The maximum power of the whole vehicle is 880kW, and the fastest acceleration is 3.6 seconds, which is comparable to super-running. Looking up at U8 Deluxe Edition, the wheel end torque is as high as 8700N·m, and with the precise control ability of Easy Square, it breaks through the friction restrictions of different roads with high and low attachments, and can realize all-terrain in-situ U-turn, greatly improving the mobility of hard-core off-road. Easy Sifang technology, through the independent and accurate control of four-wheel torque, makes Wangwang U8 Deluxe Edition still stable and controllable in the case of tire puncture, greatly expanding the boundary of vehicle active safety. In extreme situations such as rainstorm waterlogging or wading in the wild, in order to ensure the safety of users to the greatest extent, U8 Deluxe Edition is expected to have emergency floating capacity. Based on the sealing advantages of the whole vehicle and its core components, combined with the control ability of Easy Square, looking up at U8 Deluxe Edition can float in 30 minutes, still maintain a stable posture, and realize the forward and direction control of the vehicle to help users get out of danger quickly. The emergency floating capacity is an emergency function that is passively triggered. The official advice is that users should not try it easily in non-emergency situations. Once triggered, they should be sent back to the direct service store for maintenance.

Extreme security, all-round security from the inside out

Looking up to U8 Deluxe Edition, equipped with plug-in hybrid power system and easy Sifang technology platform, CLTC has a comprehensive cruising range of 1,000km, which fully meets the needs of users for long-term outdoor travel. Support up to 110kW DC fast charging, 30% to 80% charging only takes 18 minutes at the earliest, and timely and efficiently recharge the power in case of emergency. Look forward to the external discharge function of U8 Deluxe Edition with a maximum power of 6kW to ensure the safety of outdoor energy supply. This function can be compatible with a variety of electrical equipment at the same time, and supports the continuous use of 2kW ultra-high power electrical appliances for about 25 hours. There are 3 wireless charging places in the front and rear rows, which can support 50W fast charging, and can also be charged quickly and conveniently when many people travel. Looking up to U8 Deluxe Edition, it is equipped with NVDIA ADRIVE Orin intelligent driving processor with 38 high-precision components and a fusion computing power of up to 508Tops, which has high sensing accuracy and sufficient computing power, further improving driving active safety. In order to continue the ultimate safety gene, U8 Deluxe Edition is equipped with blade battery, supplemented by CTC battery chassis integration technology, and the blade battery is directly connected to the girder as a safety structure. The excellent side column collision safety advantage fully guarantees the travel safety.

Quality materials and innovative scientific and technological functions endow new energy with off-road luxury travel experience.

Beyond the hardcore, look up to the cockpit design of U8 Deluxe Edition, fully integrate the sense of luxury, innovative technology configuration and off-road attributes, and create a unique technological luxury feeling of new energy hard-core off-road. Based on the profile design requirements of the interior, Wangwang U8 pioneered the design of 12.8-inch R800 Xinghe curved screen, which uses OLED material and 2K resolution to restore the true color, and the color contrast is 50 times higher than that of the traditional LCD screen. The curved screen of Xinghe is seamlessly connected with the two 23.6-inch mini LED screens of the main driver and the auxiliary driver, creating a borderless immersion, forming a unique triple screen, which is as colorful as the Milky Way Waterfall, and with the symmetrical structure of the double-encircling star-ring cockpit, the seating space is surrounded, showing the unique luxury style of new energy.

Looking up at U8 Deluxe Intelligent Cockpit, equipped with 4nm 5G chips jointly customized by BYD and Qualcomm, has high computing speed and strong compatibility, and is embedded in the intelligent networking system of Looking Up at Link, which has a complete application ecology. The front 70-inch AR-HUD head-up display, the central control screen of the Milky Way curved surface, the co-driver multimedia screen and two 12.8-inch rear suspended multimedia screens have the function of borderless five-screen linkage, which is not limited by space and supports information interaction between multiple screens, bringing a richer intelligent experience to the drivers and passengers of the whole car. Full-scene intelligent voice can support independent interaction of four-tone areas, and voice commands between different tone areas can also produce linkage. Users can also customize common scenes through voice to fully meet the personalized use requirements. The 70-inch AR-HUD upgrades the head-up display from a plane image to a 3D stereoscopic image, and the vehicle road information is projected on the screen in real time, so that the driver can easily grasp various information such as vehicle status or map, and concentrate on driving without leaving the road.

Looking up to U8 Deluxe Edition, the whole car seat is made of high-grade Nappa leather, with high-end Sabili wood, which has uniform texture and delicate touch, showing the visual texture of pure natural logs and the touch of fingertips to the fullest. The whole vehicle is equipped with intelligent fragrance system with natural solar terms theme and compressor refrigerator with anti-forgetting reminder, which makes the ride quality further. When the vehicle speed reaches 60km/h, look up to the U8 Deluxe Edition, and the interior noise will not exceed 55dB, creating a quiet and enjoyable space at the library level. The whole vehicle is equipped with the world’s first Hi-End audio of Dana Platinum Evidence Series, with a total of 22 speakers, creating a 7.1.4 Dolby panoramic sound to restore the real sound field. The extraordinary NVH quietness and high-quality audio bring users a heavenly hearing enjoyment. In view of the requirements of off-road properties, we look up to the design of some physical buttons adopted under the curved screen of U8 luxury center console, which can quickly switch and adjust various driving modes and enhance the convenience and practicability of off-road control. Focusing on the senses of sight, hearing, smell, taste and touch, we hope that the interior design of U8 Deluxe Edition will make every place the ultimate luxury experience. Looking up to U8 Deluxe Edition, there are five kinds of car paint colors in appearance, including dragon stone green, obsidian black and fluorite white, and matte dragon stone green and matte moonlight silver are optional. The interior provides two color matching schemes: black orange and gray brown; The whole vehicle comes standard with 22-inch sports forged wheels, and provides 22-inch simple forged wheels and 20-inch sports forged wheels for users to choose, which fully matches the personalized selection needs of users.

The ultimate technology has made Looking Up, and the trust of users has made Looking Up to the brand "faithful" hospitality. Looking Up to the car will use the full direct mode to serve users. At present, more than 70 direct stores are under construction, and it is expected that more than 90 stores will be opened in more than 40 cities across the country this year, so consumers can experience looking up to the car’s products and services more conveniently. Looking up to the car will uphold the most sincere service attitude and bring users a more extreme brand experience.

Xiaomi will invest more than 100 billion yuan to insist on high-end, and the car-making business is highly anticipated but still mysterious.

In the past two years, entrepreneurs have become a "silent majority", and only Lei Jun, the founder of Xiaomi Company, still insists on giving an annual speech. On August 14th, Lei Jun’s fourth annual speech arrived as scheduled. The theme of this speech was "Growth", and it continued the speech mode of story+product in previous years: in the three-hour speech, the first half was Lei Jun’s personal speech, and the second half was the release of new products.

Lei Jun started with his study experience at Wuhan University, and he recalled his entrepreneurial dream when he read The Fire of Silicon Valley. At the age of 28, he became CEO of Jinshan, changing from a programmer to a manager; At the age of 40, Xiaomi was founded, and his dream gradually came into reality … In this speech, Lei Jun focused on the high-end strategy of Xiaomi mobile phone and the development plan of large model, but almost nothing was said about the car-making progress that the outside world was most looking forward to.

Image source: Xiaomi Company

Lei Jun’s "Growth"

As the first batch of programmers in China, Lei Jun entered the profession earlier than most of the internet tycoons who people are familiar with. As he mentioned in his annual speech, as early as August 1990, when he was a junior, he was "famous" in Wuhan Electronic Street with excellent technology, and earned his first pot of gold by writing software.

In 1992, Lei Jun joined Jinshan with Qiu Bojun after graduation, and he became the chairman all the way, making him the strongest "migrant worker". As early as 1998, when people were familiar with Ali and Tencent, Lei Jun had already served as the general manager of Jinshan Company. In 2007, after working in Jinshan for 16 years, Lei Jun finally led the company to be listed on the Hong Kong Stock Exchange, and then announced his "resignation" from Jinshan.

In 2010, after "retirement", Lei Jun, at the age of 40, founded Xiaomi, and grew into the largest mobile phone manufacturer in China in just four years. In July 2018, Lei Jun led Xiaomi to be listed on the Hong Kong Stock Exchange. In the previous list released by Hurun Research Institute, Xiaomi ranked 29th with a valuation of 244 billion. It shows that Lei Jun ranks 47th with a net worth of 75 billion RMB.

In April 2010, Xiaomi Company was founded.

Image source: Xiaomi Company

Although he brought out two listed companies in one hand and had already realized the freedom of wealth, Lei Jun did not choose to retire. In 2021, he started Xiaomi’s "second venture" and officially announced the construction of a car. In April this year, after the attack of generative AI, Xiaomi set up a big model team and began to bet on AI in an all-round way.

In the speech,Lei Jun officially announced the strategic upgrade of Xiaomi Technology, which can be summarized as "one idea, four key paths and principles"."One idea" is to choose the technical field with long-term value to human civilization and insist on long-term continuous investment. Lei Jun said in his speech: "People are the origin of science and technology. Xiaomi’s scientific and technological exploration should be valuable not only to human life now, but also to the creation, progress and development of human beings in the future."

Two long-term is the core of Xiaomi’s scientific and technological concept. In order to ensure its implementation, Xiaomi has established "four key paths and principles": deep cultivation of the underlying technology, long-term continuous investment, deep integration of software and hardware, and comprehensive empowerment of AI.

The importance of the underlying technology is self-evident, but it is not possible to see the results overnight, especially to test the patience, determination and vision of enterprises. In terms of R&D investment, Xiaomi’s R&D investment will be about 16 billion in 2022, a year-on-year increase of 21%. It is estimated that the total R&D investment in 2023 will exceed RMB 20 billion, and Xiaomi’s R&D investment in the next five years (2022-2026) will exceed RMB 100 billion. From 2017 to 2022, the compound annual growth rate of millet R&D investment reached 38.4%.

In view of the integration of software and hardware and the comprehensive empowerment of AI, the conference also disclosed the latest progress of Xiaomi’s large model, involving research and development, application and even enterprise organization production. It can be seen that in Xiaomi’s eyes, AI technology including large models is a kind of productivity. Xiaomi will embed AI capabilities into all aspects from internal organization to external experience, which is the real essence of AI sub-methodology-using AI to install super brains for business and products.

Image source: Xiaomi Company

Xiaomi mobile phone, the suffering and breakthrough of high-end

Smartphone is the starting point of Xiaomi’s establishment and one of its most powerful businesses at present. Compared with the past three speeches, Lei Jun’s speech this year is less painful and more successful. But the pressure on Xiaomi is not small.

In terms of main business, the decline of Xiaomi’s mobile phone revenue reached 20% in the whole year of 2022 and Q1 of 2023. From the perspective of the market, in Q1 and Q2 of 2023, Xiaomi maintained the third place in the global market, but fell out of the top four in the domestic market, with the largest decline among manufacturers.

On the other hand, according to Xiaomi’s previously released financial report for the first fiscal quarter of fiscal year 2023, Xiaomi ranked first among Android manufacturers in the price range of 4000-5000 yuan in mainland China in the first quarter, and its market share increased to 24.1% year-on-year. Shipments of high-end smartphones priced at 3,000 yuan and above accounted for a year-on-year increase of 4%, and smartphones ASP in mainland China hit a single-season high, with a year-on-year increase of over 18%.

Image source: Connected Insight

The increase in the proportion of high-end mobile phones has brought higher gross profit margin to Xiaomi, but the high-end strategy is not easy all the way..Three years ago, Lei Jun gave his first personal keynote speech on the 10th anniversary of Xiaomi on the stage of the National Convention Center, and announced the launch of Xiaomi 10 Ultra, the first smart phone product for the high-end market.

Xiaomi 10 played a "good start" for the high-end transformation of Xiaomi. Unfortunately, the good times did not last long. Xiaomi 11 and Xiaomi 12 suffered successive setbacks, which made it difficult to meet expectations and even made the company suffer serious losses. "Everyone has no idea how scary and stressful it is to be a high-end flagship loss." Lei Jun mentioned that investing heavily in high-end mobile phones once frustrated the team, and even he himself had a "heavy" Spring Festival in 2022.

At that time, Xiaomi focused on "stacking". On the way of blindly emphasizing parameters, we forget that the user experience is more important. Not only is it a financial loss, but the greater price is that Xiaomi’s internal team has questioned the high-end strategy.

Whether Xiaomi can do it or not has become a question buried in the bottom of every employee’s heart. For this reason, Lei Jun spent a lot of time communicating with the team and finally determined the brand strategy of sticking to the high-end route. Under the insistence of Lei Jun, Xiaomi 13 made a turnaround and achieved a breakthrough, which became the representative work of Xiaomi’s "from parameter leading to experience priority" in Lei Jun’s mouth.

The success of Xiaomi 13 completed a turnaround for Xiaomi.

Image source: Xiaomi Company

In Xiaomi 13 and its subsequent attempts, Lei Jun re-realized that a success is not universal, and the most important thing to do high-end mobile phones is to have systematic thinking. However, it must be admitted that when the mobile phone industry enters the stock market, the fierce competition in the high-end market cannot be underestimated, and high-end is a must for major mobile phone manufacturers.

From suffering to breakthrough, from being questioned to being recognized, Xiaomi’s high-end road is the most painful and rewarding growth for Lei Jun in the past decade. He said that in the face of fierce competition from Apple, Samsung and Huawei, only by insisting on high-end transformation can Xiaomi win living space for the future and force Xiaomi’s technological development. With Lei Jun’s cognitive growth,Xiaomi’s high-end road has also ushered in a new tone-high-end is not a multiple-choice question, it is the only way for Xiaomi’s development, and it is also a battle of life and death.

The MIX Fold 3 folding screen mobile phone released by Xiaomi this time.

Image source: Xiaomi Company

Cross-border car making is not only diversified.

In addition to the high-end mobile phone, Xiaomi’s core growth curve is the car-making project. However, at the press conference announcing the strategic upgrade, Xiaomi Automobile was intentionally or unintentionally diluted, which is an important part to judge the future development prospects of Xiaomi.

To understand the significance of automobile business to Xiaomi, we should not only look at Xiaomi itself vertically, but also look at the industry trend horizontally. From the perspective of Xiaomi’s ecology, it has been three years since it officially entered the new energy automobile industry in 2021. In the first phase of autonomous driving, Xiaomi invested 3.3 billion yuan in R&D expenses and set up a top R&D team with a scale of over 500 people.

In addition to investing heavily, Xiaomi also actively adopts ecological empowerment. At the beginning of Xiaomi’s autonomous driving technology, after the technical layout strategy of the full-stack self-developed algorithm was formulated, in addition to the exclusive team of over 500 people, many collaborative teams such as artificial intelligence laboratory, Xiaoai team and mobile phone camera department also gave strong support. The team delivered a large number of core technologies accumulated in the past years to Xiaomi Automobile with systematic technological innovation, making it form differentiated competitiveness.

Image source: Connected Insight

Horizontally, for modern people, "car" as a mobile space and a fixed space "home" together constitute the main scene of daily life. The space inside the car will become a high ground for technology companies, which is why mobile phone manufacturers build cars across borders, and the new forces of building cars are also testing the smart phone business.

Previously, Xiaomi has been deeply involved in mobile phones and AIoT for many years. Once the mobile scene card is completed, the closed-loop ecology of Xiaomi’s smart scene will be formed. Therefore,Building a car for Xiaomi is by no means a simple business diversification, or looking for a second growth curve, which has a deeper and deeper value, that is, completing the last link of Xiaomi’s intelligent ecology.

As an important part of Xiaomi’s business map, with the mass production of automobiles next year, Xiaomi will become the only technology company in the world to realize the complete self-research layout of mobile phones, automobiles and AIoT, and complete the closed-loop technology ecology of people and cars, and the moat of Xiaomi will be dug deeper. Since the production car has not yet appeared, Xiaomi has not pushed the car business to the center of the stage for the time being, but the hand left behind has hidden greater ambitions and territory.

Image source: Xiaomi Company

Looking back, Xiaomi is lucky: when he entered the smart phone industry in 2010, the mobile Internet feast just kicked off; When the eco-chain model was launched in 2014, smart life was becoming a new wave; When it enters the research and development field of bionic robots in 2020 and enters the new energy automobile industry in 2021, AI technology and automobile revolution are brewing a new wave of technological change.

Building a car is a new journey for Lei Jun, and its success directly affects the future of Xiaomi. As a latecomer, it is getting closer and closer to the mass production schedule, and the time left by the market for Xiaomi Automobile is already very urgent. "99% of the questions have standard answers. When you don’t understand, ask someone." Xiaomi’s next answer may also require Lei Jun to speed up the learning.

Source: City Boundary, Tiger Sniffing APP, Wall Street Technology Eye, Wired Insight, etc.

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David seidler, the screenwriter of The King’s Speech, died at the age of 86.


1905 movie network news According to foreign media reports, senior screenwriterbigdefendSeideler died at the age of 86. According to his agent, david seidler died while fishing in New Zealand on March 16th, local time. David seidler once relied onThe king’s speechWon the best original screenplay award at the 2010 Oscar, and the film also won the best film, director and leading actor at the current Oscar. He has also written plays for many films, such as Onassis: The Richest Man, Subversion Instruction, Pioneers, Stage Love and Our Days. 


Yan Junjun, founder of Football, commented: Creating a new era of football in China.

  Editor’s note:He is the founder of Football. He has been a China football reporter for more than 40 years. He witnessed and recorded the eventful years of China football in the past half century. He is Yan Junjun! Although he is over eighty years old, he still pays close attention to the development of football in China. After a new round of anti-corruption and anti-counterfeiting in China, Yan Lao wrote this article "Creating a New Era of Football in China" in his hometown of Wanning, Hainan, which is his profound thinking on football in China.

  Looking at the changes in the world football situation, we can only know the backwardness of Chinese football. It is disappointing that western professional football failed to shine brilliantly in the socialist countries with China characteristics.

  China is carrying out the socialist construction with China characteristics. China football can’t keep pace with the times and do nothing, which is quite criticized by Chinese people, and it can’t live up to the ardent expectations of China fans.

  In 2022, the success of Qatar Football World Cup was a sensation all over the world. This World Cup is full of China elements and China flavor. Such as venue construction, stadium advertisements and reception hotels, are basically built and put into operation by enterprises in China. The crowd laughed and said, "All China people went there, except the football team." The world’s elite football players who fight on the field just don’t see the players wearing the word "China". This kind of loss is beyond words. As the first generation of sports journalists trained in New China, the "trumpeter" who promoted the development of football in China, and the witness of China’s sports take-off, I felt lost and sad when I saw this situation, which can be said to have reached the level of "grief".

  Needless to say, China fans are disappointed by the absence of the national team from the World Cup, and their grief has reached an extreme level. Not only that, the rapid development of football has been blocked, and even the fans of small countries in Southeast Asia have paid great attention to it. However, they are not sad, but "mocking" to express their negative encouragement and refueling to China football. They don’t understand China’s disappointing football, because they don’t understand the reason why China’s football is so depressed. All the ridicule and sarcasm are out of sympathy and goodwill expectation. After all, China is a big country in Asia, and it is more qualified to win glory for Asian football. The development of football in China is not satisfactory. I am sorry for the expectations of the people in the new era and the people who are pursuing a better life. At this moment, we should use a slogan in the early days of building socialism to encourage them: "Go all out and strive for the top"! Be angry and try to fight.

  To create a new era of football in China is to strive to become an Asian football power and strive to rank among the world football powers.

  Nowadays, in order to optimize the capitalist pure market-oriented professional football for our use, we must first understand the history of world football development, study the law of professional football development, and improve the cognitive level of professional football attributes, but this requires great efforts.

  The World Cup is the most important sports competition in the world, with the strongest appreciation, the largest audience and the highest commercial value. It is generally believed that a country can hardly be called a sports power even if other sports are advanced, such as football.

  FIFA has more than 200 members, more than the United Nations. It is an unshirkable responsibility to develop football.

  In May 1928, FIFA decided to host its own World Cup at the Amsterdam Congress. With the unremitting efforts of then FIFA President Rimet and Secretary General Delaune, the first World Cup was held in Uruguay two years later in 1930.

  FIFA once shut China out of the world football family, and China missed the World Cup. It simply regarded the World Cup as "bourgeois madness", did not report or broadcast it, and defined the World Cup as "capital".

  According to statistics, a total of 5 billion people participated in, watched and paid attention to FIFA World Cup Qatar 2022; About 3.4 million people watched the ball on the spot; There are 93.6 million posts related to the World Cup on social media.

  From 1930 to 2022, FIFA held 22 World Cups, and the countries that won the championship were all located in Europe and America. These countries are all capitalist countries, and socialist countries have never won the World Cup. Therefore, some scholars in China have judged that professional football can only be realized in a mature capitalist environment if it wants to develop healthily. Professional football is a typical product of capitalism. Today, we introduce the professional football named Zi to the socialist land with China characteristics, which seems to be acclimatized, and it seems to be "getting twice the result with half the effort".

  But forty years ago, there was a familiar saying that "the market economy is not a patent of capitalism". Socialist China did business with other countries through the "the belt and road initiative", which was mutually beneficial and win-win, and refuted the "patent" theory.

  Today, China’s economic entity ranks second in the world. Eighty years ago, the slogan of "surpassing Britain to catch up with the United States" in rural Hainan was realized ahead of schedule in the new era of socialism with China characteristics.

  Can China scholars in the new era ask such questions? The World Cup is not the patent of capitalism. The key is to be good at injecting China characteristics and do a good job in football articles with "China characteristics".

  In fact, China is a land of geomantic omen. It has the advantages of developing people’s sports, actively participating in the international arena of competitive sports, and being among the world’s sports powers. There is no need to make a fuss about the corruption in China’s football field, but we must deal with it resolutely according to the current laws and policies, take it seriously and never tolerate it. In a word, it is "zero tolerance"! In addition, we must find the reason from the root.

  China’s failure in football is not entirely due to the corruption of the Football Association, while China’s football training mechanism, competition mechanism and talent selection mechanism are insufficient. At the same time, the professionalism and professional ethics of the football players in China are not up to standard. Those football powers are not directly related to the fact that the country is relatively rich and the Football Association is relatively clean and honest. The key is to cultivate outstanding football talents, the so-called "stars". Take the final in FIFA World Cup Qatar 2022 as an example. It was a close match between Argentina and France. Argentina led 2-0 in the first half, France tied 2-2 in the second half, and scored 3-3 in extra time, and Argentina won the final with 4-2. Throughout the audience, you can’t see the shadow of the country’s wealth, and you can’t see the help of the resourcefulness and decisiveness of the football associations of the two countries. It’s all the technical cooperation of 22 stars, specifically the footwork of Messi and Mbappé. In the end, it is the goalkeeper’s fighting skills, psychological quality and even luck. What I see is the selfless spirit of fighting for national honor with body language. This makes us understand that it is people, the players on the field and the coaches off the field who decide the victory or defeat of football.

  Unfortunately, in recent 30 years, China has not produced many valuable stars, and there is no "Rong Zhixing" after Rong Zhixing, which is really a difficult problem in China football. And the answer depends on the team of China Football Association to find out the problem and put forward the solution. It is necessary to lead the national football workers, crack it and hand over the answers that satisfy the people all over the country. Time waits for no one, 10,000 years is too long, seize the day, and within ten years, can you hand over the answer?

  The following three reasons, talk about the shortcomings of the development of football in China, hoping to attract people’s discussion.

  The first is the mechanism. Some sports in China, such as basketball (women’s), volleyball (women’s), table tennis, badminton, swimming, gymnastics and weightlifting, are in the forefront of the world, while other sports, such as track and field, are approaching the world level. The backwardness of football really does not conform to the law of the development of sports in China. It can be said that the development of football in China has not yet found a road suitable for the characteristics of China. To create a new road for the development of football in China, we must set up a Football Association team with China characteristics, which is suitable for China’s national conditions. Emphasis on characteristics is because China is a socialist country, and we must emphasize the strong leadership of the party and the state.

  At that time, when Comrade Wu Shaozu was the director of the State Sports Commission, Comrade Li Tieying, a member of the Political Bureau, personally cared, and a new atmosphere appeared in football. Today’s Football Association leaders, in addition to lacking authority, even lack courage and professional knowledge. In a word, they are not worthy of both ability and political integrity. China, Japan and South Korea began to reform football almost at the same time, but so far, we are at least twenty or thirty years behind Japan and South Korea. Some people say that professional football must be realized in a mature capitalist environment if it wants to take off. This view has a great market among some people. In today’s socialist China, with the western market economy concept and operation mode, we can do business with the developed countries in the world, and win each other for mutual benefit, and make China rich, and get better and better. Can’t China’s football become stronger without introducing the form of western professional football to China for operation? China people say no. They believe that as long as they are good at using the advantages of socialist countries, football, like other sports strengths, can climb the peak of world football. The football association with China characteristics must be combined with the reality of China’s football situation, otherwise, even if the FIFA president is hired as the president of the China Football Association, it will be difficult to move, acclimatized and accomplish nothing.

  Secondly, the talent selection system should introduce competition mechanism. The decision-makers (coaches) of China Football Association must be selected from the powerful figures in China, a strong sports province, especially a strong football province. In terms of players and coaches, China football has always been divided into north and south. The northern faction is represented by Liaoning and Dalian teams, while the southern faction is represented by Guangdong and Shanghai teams. Every World War I between the North and South teams is bound to stir up the whole country. However, since Ceng Xuelin left his post, most of the coaches of the national team were from the North, and the southern players who were good at technical flexibility were gradually neglected. Rong Zhixing, Gu Guangming, Zhao Dayu, Wu Qunli and other outstanding players no longer emerged.

  At that time, Nian Weisi, the president of the Football Association, was discerning and entrusted Su Yongshun with the responsibility of attacking the World Cup. He boldly used one-third of Guangdong players to play technical football, and almost rushed into the World Cup finals. Later, he failed, and the northern fans were dissatisfied. He criticized Su’s policy of "favoring Guangdong" by saying "China is a team from China". From then on, the strong and fierce tactics of long pass and high hanging led the team, lacking competition and single style, which made China football stand still. Even after Milu led China into a World Cup, it was well known that Japan and South Korea, as the hosts, vacated places in this World Cup, which facilitated China’s qualifying.

  In recent ten years, the China Football Association has been unable to open up the situation, mainly because the decision-makers are not qualified for both ability and political integrity. To form a new team of the Football Association, it is necessary to reuse those who have both ability and political integrity and combine the old with the new. Of course, we know that to cure the serious football addiction in China, we also need "old Chinese medicine practitioners". For example, Nian Weisi, the birthday girl in football, is an old-timer who has both ability and political integrity, wisdom and courage, and can fully participate in the "consultation" of the Football Association and make suggestions. Nian Weisi has a wide range of knowledge. Forty years ago, he once said that what a good cadre is is a person who can find problems and propose solutions to them, and solve them by this method. His understanding of football is simple and incisive. He thinks that football match is to be good at finding out the weakness of the opponent, making the opponent make mistakes, grasping the seven inches and killing the opponent. At the age of 90, his speech at the birthday party was in one go, full of sound and emotion, and his style remained the same. This kind of football "old Chinese doctor" has theory and practice, and can be used well. Moreover, there are many such "old Chinese medicine practitioners". Bi Xidong, a former sports reporter of China Youth Daily, is a rare wizard. Thirty years ago, he was the strategist of football reform in China. There is also one in Guangdong, that is, Dong Liangtian, former director of Guangdong Sports Commission. In the 1990s, he was a candidate for the president of China Football Association, but talents were rare. Guangdong authorities were unwilling to give up what they gave up, and Dong Liangtian stayed in the place.

  Dong Liangtian is a player and the absolute main force of the Guangdong team. After retirement, he is still committed to promoting football and promoting Guangdong football culture. He personally cooperated with large enterprises in Guangdong, set up the "Lixing Celebrity Football Club" and guided the training of young players in Guangdong, which achieved great results.

  Thirdly, there is a very important job, which is to improve the professionalism and professional ethics of the first-line players and form a correct outlook on life and mission.

  The China Football Association will launch a campaign to publicize and learn from Mr. Fok Ying-tung’s patriotism in the national football field. Mr. Fok Ying-tung’s efforts to develop sports in the motherland and improve the football level in China are irreplaceable by anyone. Mr. Fok Ying-tung is the first person in China to hold an important position in the International Olympic Committee and FIFA. It is necessary to make Mr. Fok Ying-tung’s patriotic spirit of fighting for national interests and national honor all his life carry forward in China football.

  Personally, I suggest that China Football Association move to Xiong ‘an, a new city in Hebei Province, which is in line with China people’s lottery customs and culture. I hope that China football will be "vigorous" and safe, steady and far-reaching.

  (Written in Wanning, Hainan on June 30, 2023, at the age of 80)

   

Analysis of the situation of Premier League competition 4! Manchester United only need one point? Judging from three factors, the qualification for the Champions League is too stable.

After beating Bournemouth 1-0, the difference between Manchester United and Liverpool in the first round was opened to 3 points. With two rounds left, Manchester United only need one point to qualify for the Champions League, and the situation is very good. To put it another way, it is certain that Manchester United will win the top four. Although firmino’s goal saved Liverpool a glimmer of hope, there is not much difference between 0 and 1. Because of the three factors, Manchester United will definitely get points in the last two rounds.
First of all, the last two rounds are at home. The home game is a bonus for Manchester United, and the bonus range is very obvious. This season, except for being defeated by Brighton at home in the first round, the league has not lost a game at home. After beating Wolves 2-0, Manchester United’s record difference between home and away in the Premier League this season is obvious, with 13 wins, 3 draws and 1 loss at home, goal difference +22, 7 wins, 3 draws and 8 losses away, and goal difference -12.
It is no exaggeration to say that if Manchester United’s away record can be half as good as that at home, it is now in the ranks of the championship. If you can have 1/3, you will have the top 4 long ago. Where can you play so hard at the end of the season and count points with your fingers?
Secondly, Manchester United’s opponents in the last two rounds have nothing to want. Lampard released the pressure after winning the first victory in the second palace. At present, Chelsea has accumulated 43 points, which is more than enough. Moreover, Chelsea’s current state is quite unstable. This round of home 2-2 draw with relegation team Nottingham Forest. Therefore, it is unrealistic to expect Chelsea to win at Manchester United’s home.
Fulham are in a similar situation. They are currently ranked 10th with 52 points. Brentford, who is only four points behind the ninth place in one round, has been unable to qualify for the European War, so it is also a state of wanting nothing.
What will be the state of "no desire, no demand"? Bournemouth gave us a performance this round. To tell the truth, Manchester United’s state in this game is not good, especially the three players in the front line. Marchal plays health football, Sancho is a "three noes" and Anthony is the offensive terminator. If it weren’t for Pang Hu’s stroke of genius and Degea’s pounce, it would be very difficult for Manchester United to score 3 points away from home. Moreover, Bournemouth didn’t try his best. From the strength of the rush, it can be seen that they didn’t have the pressure to win.
In addition, judging from the history of Manchester United’s confrontation with Chelsea and Fulham, the requirement of getting 1 point is quite low. The red-blue war is actually quite interesting. No matter which team is at its peak, the confrontation between the two teams mostly ends in a draw. Starting from 2-2 in 2018, the two teams have drawn six times in the past eight league matches, all the past five games have been drawn, and Manchester United won the other two games. The last time Chelsea beat Manchester United in the league was on November 6, 2017, 1-0 at home. Manchester United, however, remained unbeaten at home, losing only 3 goals in 12 games.
Therefore, considering the historical confrontation record of the two teams in the league and the state of the two teams this season, it is very unlikely that Manchester United will not get a point at home.
And Manchester United’s record against Fulham is also overwhelming. 10 wins and 2 draws in the last 12 league matches. Too far away, there have been five confrontations since 18 years ago. Manchester United scored 4 wins and 1 draw, scoring 12 goals and losing 4 goals. 2 wins and 1 draw at home and 3 wins away. The 2-1 away win this season shows that even though Manchester United are "away bugs", they still restrain "farmers", let alone at Old Trafford.
Therefore, considering the above three factors, it is impossible for Manchester United not to get 1 point in the last two rounds. In the words of the fans: "If such a good situation can’t get the top four, Tenghage can really consider taking the blame and resigning."

Wenbanyama announced his participation in the 2023 NBA draft. How many French players have been selected in the NBA?

Victor Wenbanyama announced his participation in the 2023 NBA draft on Friday, and is expected to become the top pick of the year.

If Wenbanyama is selected as the No.1 scholar, he will become the highest player selected from France in the history of the league. In NBA history, 34 players from French teams were selected. 18 people were eliminated in the first round and 16 people were eliminated in the second round. In the past 10 years, six French players have been selected.

Here are the top five French players in the NBA draft since 2010.

Killian Hayes (ranked 7th in 2020)

Hayes was born in America, but grew up in France, where he played youth basketball. He was selected by the Detroit Pistons with the seventh overall pick in 2020. This season, he averaged 10.3 points in the piston field, which is his third season in the league.

Frank Nilikina (No.8 overall in 2017)

In 2017, Nilikina was selected by the new york Knicks from France. Nilikina played for the Knicks for four years before signing with the Dallas Mavericks in 2021. He won a silver medal for France at the 2020 Tokyo Olympics. His highest average score in the NBA was in the 2019-20 season, when he averaged 6.3 points.

Segou Doumbouya (15th overall in 2019)

In 2019, the Pistons chose another young French rookie, Segou Doumbouya. In the 2019- 2020 season, he spent some time in the development league team of the Pistons. Since the 2020-22 season, he has played 94 games in Detroit. Then he was traded to the Los Angeles Lakers, where he played two games and spent most of his time in the development league.

Guerschon yabusele (16th overall pick in 2016)

In 2016, Abu Selai was selected by the Boston Celtics. He played in Boston for two seasons and played 74 games. He was laid off by the Celtics and then played in China and France. He now plays for Real Madrid in Spain.

Kevin seraphin (17th overall position in 2010)

Serafin was selected by the Chicago Bulls. Before his rookie season began, he was traded to the Washington Wizards. He played for the Wizards in the 2010-15 season. He played for the new york Knicks and Indiana Pacers for one season respectively. After that, Serafin left the NBA and went to Barcelona. After playing for two seasons, he retired due to a knee injury.

French players in active NBA.

Up to now, six active players, including Nilikina, have been elected to the NBA from France. The others are Rudy Gaubert, nicolas batum, evan fournier and Theo Maleden. Clint capela is Swiss, but from the French League, he entered the NBA through the draft in 2014.