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[Introduction] Implement again! Gree Electric spent 3 billion yuan to buy back shares within 2 months.

Gree Electric (000651) completed the repurchase plan again.

On the evening of January 1, 2024, Gree Electric announced that by December 29, 2023, the company had completed the share repurchase plan, with a total purchase of 91.898 million shares, accounting for 1.63% of the total share capital, and invested 3 billion yuan.

Four consecutive top-level repurchases

According to the previous buyback plan, the buyback range of Gree Electric is 1.5 billion-3 billion yuan. Judging from the actual completion, the company has implemented the aforementioned buyback plan.

Judging from the implementation progress, this round of repurchase in Gree Electric is quite rapid. Since the release of the repurchase program on October 30, the company has completed the repurchase task in only two months.

Specifically, the first repurchase occurred on November 7, and the single-day repurchase amount was 36.6946 million yuan; As of December 11, the cumulative repurchase amount reached 2.013 billion yuan, and the number of shares repurchased exceeded 1% of the total share capital; In the following more than half a month, nearly 1 billion yuan was repurchased again until the repurchase plan was implemented on December 29.

At present, all the shares repurchased this time are deposited in the special securities account for repurchase, and Gree Electric will use the opportunity to implement the equity incentive or employee stock ownership plan.

The reporter of Securities Times E Company noticed that including this repurchase, Gree Electric has implemented four repurchases since 2020, and all of them have successfully completed the plan, with a total repurchase amount of about 30 billion yuan. Specifically, the first three buybacks were concentrated in 2020-2021, and the planned buybacks were 3 billion-6 billion yuan, 3 billion-6 billion yuan, and 7.5 billion-15 billion yuan, respectively, and the final buybacks all reached the upper limit of 6 billion yuan, 6 billion yuan, and 15 billion yuan.

During this repurchase period, some senior executives in Gree Electric also bought. The announcement shows that Deng Xiaobo, the company’s director, vice president and secretary-general, bought 7,000 shares of the company during the repurchase period, and Duan Xiufeng, the supervisor, bought 156,300 shares. Gree Electric said that the above two people’s stock trading behavior is their investment decision based on market public information and personal judgment.

In the secondary market, since the release of the repurchase program, Gree Electric’s share price has declined slightly, with an interval drop of about 5.5%, and it recently closed at 32.17 yuan/share, with a market value of 181.2 billion yuan.

The performance in 2023 rose steadily.

Behind Gree Electric’s frequent repurchase program is its strong financial strength and steady performance.

Gree Electric has always been famous for its "cash cows". By the end of the third quarter of 2023, the balance of book monetary funds in Gree Electric reached 181.989 billion yuan. In terms of shareholder feedback, since its listing in 1996, the company has accumulated dividends of over 139 billion yuan, including cash dividends of over 110 billion yuan.

In December 2023, Gree Electric released its annual performance forecast, and it is estimated that its revenue will reach 205-210 billion yuan in 2023, up by 7.8%-10.4% year-on-year; It is estimated that the net profit will be 27 billion to 29.3 billion yuan, with a year-on-year growth rate of 10.2% to 19.6%; The net profit after deducting non-profit was 26.1 billion-27.8 billion yuan, an increase of 8.8%-15.9% year-on-year; The basic earnings per share was 4.82 yuan/share-23 yuan/share, up 8.8%-18.1% year-on-year.

Regarding the reasons for the steady increase in performance, Gree Electric said that the company has always focused on the main business of air conditioning, adhered to the guidance of consumer demand, enriched product categories, and actively expanded sales channels; At the same time, we will continue to carry out industrial transformation and continue to exert our strength in diversified fields such as high-end equipment, industrial products and green energy, providing growth momentum for performance.

On December 19, 2023, Gree Electric announced that it planned to acquire 24.54% shares of existing shareholders of Gree Titanium New Energy Co., Ltd. (hereinafter referred to as "Gree Titanium"), a holding subsidiary, at a price of 1.015 billion yuan, and will hold 72.47% shares of Gree Titanium after the equity delivery is completed; According to the plan, Gree Electric will take the opportunity to acquire the remaining shares of Gree Titanium in the next 12 months, with the transfer ratio not exceeding 27.53%.

As an important layout of Gree Electric’s new energy sector, Gree Titanium is mainly engaged in research and development, production and sales of lithium titanate battery core materials, batteries, intelligent energy storage systems and new energy vehicles. At present, its new energy commercial vehicles have been operated in more than 230 cities including Beijing, Shanghai, Guangzhou, Chengdu, Nanjing, Tianjin, Wuhan and Zhuhai. Since it was included in the consolidated statements of listed companies in 2021, the business scale and gross profit of Gree Titanium have been greatly improved. In 2022, it achieved revenue of 2.587 billion yuan and gross profit of 413 million yuan, with year-on-year growth rates of 27.69% and 230.2% respectively.

Gree Electric said that its industries cover two major fields: household consumer goods and industrial equipment, and are currently diversifying along the upstream and downstream of the industrial chain. Specifically, it extends upward to compressors, motors, chips, enameled wires, copper rods, capacitors, etc., and extends downward to the green recycling of waste household appliances, and cuts into the industrial chain of new energy vehicles, energy storage and battery manufacturing equipment through acquisitions, etc., realizing independent control of core components.

Original title: "Gree Electric, Re-implementation"

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The State Council on Issuing Government-approved Investment ProjectsNotice of Catalogue (2016 Edition)

Guo Fa [2016] No.72

　　People’s governments of all provinces, autonomous regions and municipalities directly under the Central Government, ministries and commissions and institutions directly under the State Council:

　　In order to implement the Opinions of the Central Committee of the Communist Party of China and the State Council on Deepening the Reform of Investment and Financing System, further intensify the reform of decentralization, combination of decentralization and management, and optimize services, make the market play a decisive role in the allocation of resources, give full play to the role of the government, effectively change the government’s investment management functions, strengthen and improve macro-control, establish the dominant position of enterprises in investment, and stimulate the vitality of market players in expanding reasonable and effective investment and innovation and entrepreneurship, the Catalogue of Investment Projects Approved by the Government (2016 edition) is hereby issued.

　　First, enterprises investing in the construction of fixed assets investment projects in this catalogue shall be submitted to the relevant project approval authorities for approval in accordance with regulations. Enterprises investing in the construction of projects outside this catalogue shall be subject to record management. Institutions, social organizations and other investment projects shall be implemented in accordance with this catalogue.

　　The development projects of crude oil and natural gas (including coalbed methane) shall be decided by the enterprises with mining rights, and reported to the industry management department of the State Council for the record. Relevant enterprises with mining rights should adhere to overall planning in accordance with relevant laws and regulations, rationally develop and utilize resources and avoid disorderly exploitation of resources.

　　2. Laws, administrative regulations and national development plans, industrial policies, total control targets, technical policies, access standards, land use policies, environmental protection policies, sea island policies, credit policies, etc. are the important basis for enterprises to carry out pre-project work, and are the basis for project examination by project approval authorities, land and resources, environmental protection, urban and rural planning, marine management, industry management and other departments and financial institutions.

　　The development and reform department shall, jointly with relevant departments, pay close attention to the preparation and improvement of special plans in related fields, so as to provide a basis for project approval in various regions.

　　The environmental protection department should implement classified management according to the impact of the project on the environment, strictly examine and approve the environmental impact and high environmental risk projects, and strengthen the supervision after the event.

　　Third, we should give full play to the normative and guiding role of development planning, industrial policies and access standards in investment activities. Take development planning as an important means to guide investment direction, stabilize investment operation, standardize project access, optimize project layout, and rationally allocate resources such as funds, land, energy and human resources. Improve the industrial structure adjustment guidance catalogue, foreign investment industry guidance catalogue, etc., to provide basis and guidance for enterprise investment activities. Build a more scientific, perfect and operable industry access standard system, and strengthen market access standards such as land saving, energy saving and water saving, environment, technology and safety. Improve the macro-control policies and measures of the industry and the inter-departmental coordination mechanism, form a joint effort, and promote the orderly development of related industries.

　　4. For projects in industries with serious overcapacity, such as steel, electrolytic aluminum, cement, flat glass and ships, the Guiding Opinions of the State Council on Resolving the Contradiction of Serious Overcapacity (Guo Fa [2013] No.41) shall be strictly implemented, and all localities and departments shall not file new capacity projects in any other name or in any way, and all relevant departments and institutions shall not handle the supply, evaluation and evaluation of land (sea areas and uninhabited islands).

　　For coal mine projects, it is necessary to strictly implement the requirements of "the State Council’s Opinions on Resolving Excess Capacity in the Coal Industry to Realize Development from Difficulties" (Guo Fa [2016] No.7), and in principle stop approving new coal mine projects, technological transformation projects with new capacity and nuclear capacity increase projects within three years from 2016; If it is really necessary to build new coal mines, all reduction and replacement will be implemented.

　　Strictly control the production capacity of new traditional fuel vehicles, and in principle, no new traditional fuel vehicle production enterprises will be approved. Actively guide the healthy and orderly development of new energy vehicles. Newly-built new energy vehicle manufacturers must have key technologies such as power systems and vehicle research and development capabilities, and meet the relevant requirements such as the Management Regulations for Newly-built Pure Electric Passenger Vehicle Enterprises.

　　Five, the project approval authority should improve and perfect the management measures, effectively improve the administrative efficiency, earnestly perform the approval duties, and conduct the review in strict accordance with the requirements of the prescribed authority, procedures and time limit. Relevant departments should closely cooperate with each other, improve management measures accordingly and strengthen the management of investment activities according to law in accordance with the division of responsibilities.

　　Six, according to the principle of who approves who supervises, who is in charge of who supervises, implement the supervision responsibility, pay attention to the local government’s role of supervision nearby, the professional advantages of industry management departments and environmental protection, quality supervision, safety supervision and other departments, as well as the comprehensive supervision function of investment authorities, to achieve coordinated supervision. After the authority for approval and filing of investment projects is decentralized, the regulatory responsibility should be moved down synchronously. Local governments at all levels and their relevant departments should actively explore innovative ways and means of supervision, strengthen supervision after the event, and earnestly assume regulatory responsibilities.

　　Seven, in accordance with the provisions of the project approved by the State Council, approved by the National Development and Reform Commission after the audit report to the State Council. For the projects approved by the investment authorities in the State Council and the State Council, the opinions of the industry management departments in the State Council shall be sought in advance.

　　Eight, approved by the local government projects, the provincial governments can according to the local actual situation, in accordance with the principle of matching the decentralization level and the ability to undertake, the specific division of local governments at all levels of management authority, formulate a unified catalogue of government approved investment projects within their respective administrative areas. The ability of grass-roots government to undertake should be regarded as an important factor in the division of government management authority, and it is not appropriate to simply "put it in the end". For projects involving the major planning and layout of the region and the development and allocation of important resources, we should give full play to the advantages of provincial departments in terms of policy grasp and technical strength, and be approved by provincial governments. In principle, they should not be decentralized to municipal governments, and they should not be decentralized to governments at or below the county level.

　　Nine, to cancel the approval to record the management of the project, the project registration authority should strengthen the development planning, industrial policy and access standards, industry management departments and urban and rural planning, land management, environmental protection, safety supervision and other departments should strengthen the guidance and restraint of the project according to the division of responsibilities.

　　Ten, laws, administrative regulations and the state have special provisions, in accordance with the relevant provisions. The competent department of commerce shall, in accordance with the relevant provisions of the state, examine and record the establishment and change of foreign-invested enterprises and the establishment of enterprises (except financial enterprises) by domestic enterprises abroad.

　　XI. This Catalogue shall be implemented as of the date of promulgation, and the Catalogue of Investment Projects Approved by the Government (2014 edition) shall be invalidated.

　　the State Council

　　December 12, 2016

　　(This piece is publicly released)

Catalogue of Investment Projects Approved by the Government (2016 edition)

　　I. Agricultural water conservancy

　　Agriculture: Projects involving land reclamation are approved by the provincial government.

　　Water conservancy projects: major water conservancy projects involving cross-border rivers and inter-provincial (autonomous regions and municipalities) water resources allocation adjustment are approved by the investment authorities in the State Council, among which reservoir projects with a storage capacity of 1 billion cubic meters or more or involving 10,000 migrants or more are approved by the State Council. Other projects are approved by local governments.

　　Second, energy

　　Hydropower station: projects with a total installed capacity of 500,000 kilowatts and above built on cross-border rivers and inter-provincial (autonomous regions and municipalities) rivers are approved by the investment authorities in the State Council, and projects with a total installed capacity of 3 million kilowatts and above or involving 10,000 immigrants and above are approved by the State Council. Other projects are approved by local governments.

　　Pumped storage power station: approved by the provincial government in accordance with the relevant plans formulated by the state.

　　Thermal power station (including self-provided power station): approved by the provincial government, in which coal-fired and gas-fired thermal power projects should be approved in the construction plan formulated by the state according to the total amount control.

　　Thermal power station (including self-provided power station): approved by the local government, in which the condensing coal-fired thermal power project is approved by the provincial government within the construction plan formulated by the state according to the total amount control.

　　Wind power station: approved by the local government within the scope of the national construction plan and annual development guidance based on total control.

　　Nuclear Power Plant: Approved by the State Council.

　　Power grid projects: 500 kV and above DC projects involving cross-border and inter-provincial (autonomous regions and municipalities) power transmission, 500 kV, 750 kV and 1000 kV AC projects involving cross-border and inter-provincial (autonomous regions and municipalities) power transmission, which are approved by the investment authorities in the State Council, among which 800 kV and above DC projects and 1000 kV AC projects are reported to the State Council for filing; 500 kV and above DC projects and 500 kV, 750 kV and 1000 kV exchange projects that do not involve cross-border and inter-provincial (autonomous regions and municipalities) power transmission shall be approved by the provincial government in accordance with the relevant plans formulated by the state, and the rest shall be approved by the local government in accordance with the relevant plans formulated by the state.

　　Coal mine: coal development projects with an annual production capacity of 1.2 million tons and above in the national planned mining area are approved by the industrial management department of the State Council, among which projects with an annual production capacity of 5 million tons and above are approved by the investment department of the State Council and reported to the State Council for the record; The remaining coal development projects and general coal development projects in the state-planned mining areas are approved by the provincial government. Projects prohibited by the state from construction or included in the scope of elimination and withdrawal shall not be approved.

　　Coal-to-fuel: the coal-to-natural gas project with an annual output of more than 2 billion cubic meters and the coal-to-oil project with an annual output of more than 1 million tons shall be approved by the competent investment department of the State Council.

　　Liquefied petroleum gas receiving and storage facilities (excluding supporting projects of oil and gas fields and refineries): approved by local governments.

　　Receiving, storage and transportation facilities for imported LNG: Newly-built (including expansion in different places) projects are approved by the industrial management department of the State Council, among which newly-built projects with receiving, storage and transportation capacity of 3 million tons or more are approved by the investment department of the State Council and reported to the State Council for filing. The remaining projects are approved by the provincial government.

　　Oil pipeline network (excluding oil field gathering and transportation pipeline network): Cross-border and inter-provincial (autonomous regions and municipalities) trunk pipeline network projects are approved by the competent investment department of the State Council, and cross-border projects are reported to the State Council for filing. Other projects are approved by local governments.

　　Gas pipeline network (excluding oil and gas gathering and transportation pipeline network): Cross-border and inter-provincial (autonomous regions and municipalities) trunk pipeline network projects are approved by the competent investment department of the State Council, and cross-border projects are reported to the State Council for filing. Other projects are approved by local governments.

　　Refining: Newly-built and expanded primary refining projects are approved by the provincial government in accordance with relevant plans approved by the state. Construction of new oil refining and expansion of primary oil refining projects that are not included in the relevant plans approved by the state is prohibited.

　　Denatured fuel ethanol: approved by the provincial government.

　　Third, transportation

　　New (including additional) railways: projects listed in the relevant plans approved by the state, which are mainly funded by China Railway Corporation, shall be decided by themselves and reported to the investment authorities in the State Council for the record, and those invested by other enterprises shall be approved by the provincial government; Local intercity railway projects are approved by the provincial government in accordance with the relevant plans approved by the state and reported to the investment authorities in the State Council for the record; The remaining projects are approved by the provincial government.

　　Highway: The national highway network and national highway network projects are approved by the provincial government in accordance with the relevant plans approved by the state, the local highway projects are approved by the provincial government, and the rest are approved by the local government.

　　Independent highway (railway) bridges and tunnels: Cross-border projects are approved by the investment authorities in the State Council and reported to the State Council for the record. The projects in the relevant planning approved by the state, mainly funded by China Railway Corporation, shall be decided by itself and reported to the investment department of the State Council for the record, and other enterprises shall be approved by the provincial government; The remaining independent railway bridges, tunnels and independent highway bridges and tunnels across the sea area of 100,000-ton and above navigation channels and across rivers (the current situation or planning is the navigation section of Grade I and above) shall be approved by the provincial government, and the projects across the Yangtze River trunk channel shall conform to the relevant plans approved by the state. Other projects are approved by local governments.

　　Special berths for coal, ore and oil and gas: approved by the provincial government according to the relevant plans approved by the state.

　　Container terminal: approved by the provincial government according to the relevant planning approved by the state.

　　Inland navigation: the navigation and power hub projects with a tonnage of 1,000 tons and above in high-grade waterways across provinces (autonomous regions and municipalities) are approved by the provincial government according to the relevant plans approved by the state, and the rest are approved by the local government.

　　Civil aviation: The new transport airport project is approved by the State Council and the Central Military Commission, and the new general airport project and the expansion of the military-civilian airport (except the runway) project are approved by the provincial government.

　　Fourth, the information industry

　　Telecommunications: International communication infrastructure projects are approved by the investment department of the State Council; Domestic trunk transmission networks (including radio and television networks) and other telecommunications infrastructure projects involving information security shall be approved by the industry management department of the State Council.

　　V. Raw materials

　　Development of rare earth, iron ore and non-ferrous mines: approved by the provincial government.

　　Petrochemical: Newly-built ethylene, p-xylene (PX) and diphenylmethane diisocyanate (MDI) projects are approved by the provincial government in accordance with the state-approved petrochemical industry planning and layout plan. Construction of new ethylene, paraxylene (PX) and diphenylmethane diisocyanate (MDI) projects that are not listed in the relevant plans approved by the state is prohibited.

　　Coal chemical industry: Newly-built projects of producing olefins from coal and producing paraxylene (PX) from coal shall be approved by the provincial government in accordance with relevant plans approved by the state. The new coal-to-methanol project with an annual output of more than 1 million tons shall be approved by the provincial government. The rest of the projects are prohibited from construction.

　　Rare earth: Rare earth smelting and separation projects and rare earth deep processing projects are approved by the provincial government.

　　Gold: Mining and mineral processing projects are approved by the provincial government.

　　Six, machinery manufacturing

　　Automobile: It shall be implemented in accordance with the Development Policy of Automobile Industry approved by the State Council. Among them, the new Sino-foreign joint venture car production enterprise project was approved by the State Council; The newly-built pure electric passenger car production enterprise (including the cross-class production of pure electric passenger cars by existing automobile enterprises) project shall be approved by the competent investment department of the State Council; The remaining projects are approved by the provincial government.

　　Seven, light industry

　　Tobacco: The project of cigarette, cellulose diacetate and tow for cigarette is approved by the industry management department of the State Council.

　　Eight, high and new technology

　　Civil aviation and aerospace: the manufacturing of trunk regional aircraft, general-purpose aircraft with 6 tons /9 seats or more and helicopters with 3 tons or more, the manufacturing of civil satellites and the construction of civil remote sensing satellite ground stations shall be approved by the competent investment department of the State Council; General-purpose aircraft with 6 tons /9 seats or less and helicopters with 3 tons or less are approved by the provincial government.

　　Nine, urban construction

　　Urban rapid rail transit project: approved by the provincial government in accordance with the relevant plans approved by the state.

　　Urban roads, bridges and tunnels: projects that cross the sea areas of 100,000-ton and above waterways and rivers (the current situation or planning is the first-class and above navigation section) are approved by the provincial government.

　　Other urban construction projects: the local government shall decide for approval or filing.

　　X. Social undertakings

　　Theme Park: Extra-large projects are approved by the State Council, and other projects are approved by provincial governments.

　　Tourism: tourism development and resource protection projects with a total investment of 50 million yuan or more in national scenic spots, national nature reserves and national key cultural relics protection units, and projects with a total investment of 30 million yuan or more in world natural and cultural heritage protection areas shall be approved by the provincial government.

　　Other social undertakings: according to the affiliation, the industry management departments and local governments in the State Council will decide for approval or filing.

　　XI. Foreign investment

　　Restricted projects with a total investment (including capital increase) of US$ 300 million or more in the Catalogue for the Guidance of Foreign Investment Industries shall be approved by the investment authorities in the State Council, among which projects with a total investment (including capital increase) of US$ 2 billion or more shall be reported to the State Council for the record. Restricted projects with a total investment (including capital increase) of less than $300 million in the Catalogue of Industries for Foreign Investment shall be approved by the provincial government.

　　Items listed in Articles 1 to 10 of this catalogue other than those specified in the preceding paragraph shall be implemented in accordance with Articles 1 to 10 of this catalogue.

　　XII. Overseas investment

　　Projects involving sensitive countries and regions and sensitive industries shall be approved by the competent investment department of the State Council.

　　Projects invested by centrally managed enterprises and projects invested by local enterprises with a value of US$ 300 million or more other than those specified in the preceding paragraph shall be reported to the investment authorities in the State Council for the record.

The new car adopts the latest design concept of Peugeot family, the overall shape is very different from previous products, and the face value is obviously improved and looks very beautiful. In terms of body modeling, the Peugeot family-style overall appearance is adopted, and the dot matrix mesh is very standard in the whole system, with sharp eyes on both sides, and the internal light groups are patchy, and they are bright when lit. Judging from the side lines, the new car is still a sleek and streamlined body, and the tradition of wide C-pillar has been continued. The shape of the big wheel hub is very stable and the visual effect is acceptable. In the tail modeling part, Peugeot 5008 adopts many popular design elements, and the taillights also have a certain sense of advanced.

Peugeot 5008 puts the details into practice and extends high quality from the appearance to the interior of the car. The steering wheel is made of plastic and feels good. It is also equipped with shift paddles, which is very fun to drive. In the central control area, there are door handles, etc., which are covered and wrapped with a lot of plastic and leather materials. They are double-layered and equipped with an 8.0-inch central control LCD screen, which is clear and relatively young in design. The front row is also equipped with a manual air conditioning control system to freely debug the most comfortable space atmosphere. The seat is spacious, and the seating space is acceptable, which meets the daily household needs.

The length, width and height are 4670×1855×1655mm respectively, and the wheelbase has reached 2840 mm. In the same class, the wheelbase of Peugeot 5008 ranks 20th. The interior space of the car is relatively spacious at the same level, the height and width of the car are ideal, and the legroom in the back row will not feel cramped, which belongs to the upper-middle level at the same level. The design of skylight also increases the subjective space feeling of front and rear passengers. Among the models of the same price and class, the trunk volume of Peugeot 5008 ranks 70th. It can basically meet the luggage space for family travel. But there is no extra hidden storage space.

Peugeot 5008 is modified to 400THP flagship glory edition, with 7 seats using 1.8 engines, with a maximum horsepower of 211 and a peak torque of 300, matching the automatic manual transmission (AT). 1.8 The engine with Peugeot 5008 is quite satisfactory in power performance, weak in low torque and can feel hysteresis. Ranked 28th among 120,000-180,000 SUV models.

The active/passive safety configuration of Peugeot 5008 is complete, includingAutomatic parking、Zero tire pressure endurance tire、Automatic parking、Steep slope descent、hill start assist control、knee airbag、HUD head-up display、Anti-lock braking (ABS)、Braking force distribution (EBD/CBC, etc.)、Brake assist (EBA/BAS, etc.)、Traction control (ASR/TCS, etc.)、Active noise reduction、Engine start and stop、Side safety air curtain、Wireless charging of mobile phone、night vision system、LED daytime running lights、Forward reversing radar、Tire pressure monitoring、Steering wheel heating、Body stability control (ESP/DSC, etc.)、Rear reversing radar、Fatigue reminder、Remote parking、Child seat interface、Lane keeping (LKAS)Equal configuration.

Among them,Automatic parkingYou can avoid stepping on the brakes for a long time or needing to pull frequently;Steep slope descentCan safely pass through steep slope road conditions at low speed;knee airbagReduce the injury of the car interior to the occupant’s knees in the secondary collision.

In addition to the above description, we can also go to the Easy Car Forum to browse more real car feedback from actual buyers, or use our experience.

Today’s Chinese car market can be described as a "two-fold sky of ice and fire". On the one hand, the sales of new luxury brands such as Ideal and Ask World have risen one after another, and on the other hand, the sales of traditional luxury brands such as Lincoln and BMW have declined. According to the latest sales data, Lincoln sold only 4,260 cars in China in August. Although it has increased slightly compared with 3,916 cars in August last year, it is still at a low level.

From January to August this year, Lincoln’s cumulative sales in China were only 35,299 vehicles, with an average monthly sales volume of less than 4,500 vehicles. Compared with the sales in January to August last year, the sales volume fell by 11.8% year-on-year. According to this trend, Lincoln’s sales in China this year will experience three consecutive declines, casting a shadow over the development prospects of the entire brand in China.

This sales situation has made Jia Mingdi, the new head of Lincoln Motor in China, much questioned by the outside world. Jia Mingdi succeeded Zhu Meijun as president of Lincoln China in April this year. Before that, he had been working for SAIC Motor Group, and successively served as the general manager of SAIC Volkswagen Automobile Sales Co., Ltd. and the general manager of SAIC Audi brand business department. Jia Mingdi once led SAIC Volkswagen to become the first car company in China to break through 2 million sales, and won the title of passenger car sales in China for four consecutive years. It can be seen that its ability is not too big a problem.

During this year’s Chengdu auto show, Jia Mingdi told the media: "Lincoln pursues high-quality sales, does not rely on sales figures to determine success or failure, and does not participate in price wars." Such a statement was interpreted by the outside world as being unable to recover sales. After all, as the head of the company, Jia Mingdi is responsible for sales and profits. But the problem of Lincoln’s car is not a day cold. Jia Mingdi has only been in office for more than four months. Even if he takes a strong medicine, it may not be effective immediately.

Lincoln Motor is actually an old friend of Chinese consumers. It has entered China through parallel imports as early as the 1980s, but it withdrew in 2008 due to dismal sales. Lincoln Motor made a comeback in 2014, just in time for the growth boom of China’s auto market. In 2016 and 2017, sales reached 32,600 and 54,100 vehicles, respectively, an increase of 179.95% and 66.24%. In 2018, Lincoln Motor took advantage of the heat and established a joint venture with Changan Automobile to establish Changan Lincoln, officially starting the process of domestic production in China.

In the next few years, Lincoln’s sales in China continued to grow, climbing from 55,300 in 2018 to 91,600 in 2021. But in 2022, Lincoln suddenly encountered Waterloo, and the annual sales fell sharply to 79,300, a decline of 13.43%. This is not the end. In 2023, Lincoln’s sales in China further declined, only 73,000.

When Mao Jingbo was president of Lincoln China, through a series of marketing and product planning, Lincoln’s car sales in China achieved continuous growth, but with Mao Jingbo’s departure, Lincoln’s car sales immediately declined, and the new coach Zhu Meijun failed to stop the decline, and then Jia Mingdi took office. From the current situation, Jia Mingdi is quite a firefighter, but today’s Lincoln cars can be described as "difficult to return", Jia Mingdi’s prescription has not yet worked.

Lincoln Motor’s current sales difficulties in China have a lot to do with its product structure. Although it is undeniable that the rise of new power car companies has taken a part of the traditional fuel vehicle market share, the more intense the competition, the more you can see the strength of a car company. Lincoln Motor itself has many shortcomings, which no one can detect when it is downwind, but when it is downwind, these shortcomings will accelerate the decline of Lincoln Motor.

Lincoln’s current models on sale have been around for some years, and they urgently need to be improved in terms of product strength. Moreover, Lincoln is currently selling mainly fuel vehicles. Today, with the popularity of new energy, Lincoln still does not have a pure electric model that can be played, which is somewhat incredible. Compared with traditional car companies such as Mercedes-Benz, BMW, and Volvo, Lincoln’s transformation speed is relatively slow, let alone compared with Chinese car companies.

Jia Mingdi’s past record is very good, and his ability has long been proved, but at Lincoln Motors, there is no sign of making a big deal. As for the reason, as outsiders, we have no way of knowing, but from Jia Mingdi’s "I also want to open" statement, it is not easy to change this long-established traditional luxury brand.

Source: Automotive Finance

[Autohome Guangzhou Discount Promotion Channel] Good news, an unprecedented promotion is underway in Guangzhou. In order to meet consumers’ expectations for high-performance luxury SUVs, Mercedes-Benz has officially brought generous discounts of up to 130,000 to the Guangzhou market. The original price of the Mercedes-Benz GLE coupe AMG started at 1.0408 million, and now the minimum starting price has been reduced to a more attractive range. If you are interested in this dynamic luxury car, now is the rare opportunity to seize this rare opportunity and click "Chatti Car Price" in the quotation form to get higher discounts and start your driving journey.

The Mercedes-Benz GLE coupe AMG, with its unique design and dynamic lines, shows the perfect fusion of luxury and performance. On the front face, the embedded air intake grille of the AMG logo highlights family strength and exquisite craftsmanship, and with the sharp LED headlight set, it exudes a strong visual impact. On the side of the body, the back-mounted shape gives it an incomparable sense of elegance and speed, and the streamlined silhouette and sculptural lines work together to create a harmonious coexistence of power and aesthetics. In terms of overall style, the Mercedes-Benz GLE coupe AMG blends classic and modern, showing an unparalleled sense of sports luxury.

With its streamlined body design, the Mercedes-Benz GLE Coupe AMG outlines an elegant and dynamic side profile. Its body size is 4944mm*2018mm*1716mm and the wheelbase reaches 2935mm, showing a spacious and coordinated space layout. The side lines are smooth and dynamic, and the combination with the front wheel size 275/45 R21 and the rear wheel size 315/40 R21 wheels not only enhances the dynamic performance of the vehicle, but also gives it a unique visual impact. The overall design fully reflects the sports gene and luxury texture of the AMG brand.

The interior design of the Mercedes-Benz GLE Coupe AMG is full of luxury and sportiness. The exquisite Nappa leather material wraps the seat for ultimate comfort. The seat supports front and rear adjustment, backrest adjustment and multi-directional electric adjustment, including leg support and waist massage function, to ensure the comfort of long-distance driving. The steering wheel is made of genuine leather and carbon fiber/flip fur for excellent grip, and has electric up and down + front and rear adjustment functions, which is convenient for the driver to personalize. Central 12.3-inch high definition touch screen, integrated multimedia system, navigation and phone functions, easy to operate with automatic speech recognition. In addition, the car is also equipped with USB and USB/Type-C ports, including mobile phone wireless charging function, providing passengers with convenient electronic device connection and charging needs. Whether it is the driver’s driving experience or the daily needs of passengers, Mercedes-Benz GLE coupe AMG shows its meticulous interior design and configuration.

The Mercedes-Benz GLE Coupe AMG is equipped with a powerful 3.0T turbocharged engine, which can reach a maximum power of 320 kilowatts and release 435 horsepower. The torque output of this engine is also considerable, providing 560 Nm of torque support for the vehicle. With a 9-speed automatic transmission, the driver can easily switch driving modes and enjoy a smooth driving experience.

In summarizing this article about the price reduction promotion of Mercedes-Benz GLE Coupe AMG, we have to mention this highly attractive promotion strategy. In order to give back to the love and support of the majority of consumers for the AMG brand, Mercedes-Benz has decided to offer a limited-time discount for the GLE Coupe AMG. This move not only makes the models with equal performance and luxury more cost-effective, but also provides a great opportunity for potential car owners to start. Seize this opportunity, you can not only have the excellent craftsmanship of Mercedes-Benz, but also experience the ultimate driving pleasure brought by AMG. Such a sincere promotion is not to be missed. Take action now and make Mercedes-Benz GLE Coupe AMG a part of your life!

On July 17, Changan Mazda’s first B-class sedan based on a pure electric platform – the MAZDA EZ-6 (hereinafter referred to asEZ-6It was officially launched at the Nanjing factory.

As the flagship of the joint venture new energy car, the EZ-6 has excellent intelligent performance. It is equipped with a 14.6-inch central control screen and an 8155 chip. It has functions such as tracking reversing, remote control parking, and automatic parking. The vehicle is equipped with 4 megapixel high definition panoramic cameras and 12 high performance ultrasonic radars. The OurHours segment covers 100 + high frequency intelligent driving scenes, and can identify 108 different types of parking spaces such as vertical, horizontal, oblique, and no parking space lines.

The successful rollout of the EZ-6 is an important moment for Changan Mazda to accelerate its strategic transformation to new energy. The Chinese auto market is one of Mazda’s most important overseas markets. In April 2023, Mazda joined hands with Changan Automobile to establish a new cooperation model to promote Changan Mazda’s comprehensive transformation to new energy. Over the past year, the parent companies of the two sides have reformed the product development model, with a cumulative investment of nearly 10 billion yuan. Talents, equipment and other resources have been quickly put in place, and a new cooperation model – "Joint Venture 2.0" has been explored and established. With Changan Automobile’s world-leading electrification and intelligent capabilities, it empowers the Mazda brand’s century-old vehicle building heritage, gives full play to the strengths of both parties, and realizes the effect of 1 + 1 > 2.

How is the battery life of Huawei P7?

　　The battery life of the Huawei P7 is average, and the machine has a built-in 2500mAh battery. In the power consumption observation, the power consumption is considered moderate. If the performance mode is not turned on, the intelligent power saving mode can still maintain the power for a day, but it is necessary to charge it once a day. However, when the power is too low, it will remind to turn on the super power saving, the screen will turn black and white mode, and the mobile phone only retains the functions of calls and text messages, and the power can be extended to more than 2 times.

　　According to the information provided, you can know how the battery life of Huawei P7 is. In terms of configuration, Huawei P7 uses its own HiSilicon Kirin 910T 1.8GHz quad-core processor, 1.8GHz main frequency, 2GB RAM + 16GB ROM, and supports a maximum of 64GB memory expansion. 5.0-inch 1080P resolution IPS screen, using in-cell technology, the front and back bodies are covered with the third-generation Corning Gorilla Glass.

　　Huawei P7 has 13 million pixel rear + 8 million pixel front-facing camera, the main camera adopts F2.0 aperture, Sony 4th generation stack sensor. Based on Android 4.4.2 customized Emotion 2.3 operating system and 2500mAh capacity battery. Support 5-mode 10-band, support TD-LTE, TD-SCDMA, GSM, FDD-LTE, WCDMA (the latter two only support international roaming).

How about the standby time of Huawei P7?

　　Huawei P7 has a built-in 2500mAh battery. When the performance mode is not turned on and the intelligent power saving mode is turned on, it can maintain the power for one day, but it is necessary to charge it once a day.

　　Huawei P7 adopts a double-C internal and external integrated design, the thickness of the body is only 6.5mm, and for the four corners of the mobile phone, it adopts a curved curve design to simulate the natural arc of water droplets dripping down, which can bring a more comfortable grip. Metal body design, plus Corning third-generation gorilla glass on the front and back.

　　In terms of taking pictures, Huawei P7 has optimized the mobile phone to take pictures in an all-round way. The rear camera adopts the latest 13 million Sony back-illuminated IMX214 sensor lens, and is equipped with an independent ISP (image processor) of SLR camera level. It has the exposure focus separation function of professional cameras, and the photosensitive performance is stronger.

　　How is the battery life of the Huawei P7? In addition, the Huawei P7 has a significant improvement in heat control compared to the Huawei P6. First, because it does not use an all-metal body, and second, power-saving management will reduce performance, reduce power consumption and heat generation. When running large-scale games or running points, the back of the mobile phone is comparable to that of the general mobile phone, and there is no longer an obvious hot feeling from the P6. And because the frame is still made of metal, the heat generation of the frame will be a little higher than that of the machine.