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speed up apply the brakes oil consumption second rice rise A self-motivated test of the new Honda Accord 2.4L Evaluation Editor-Wang Ziping:

The most outstanding feature of the new Accord is its cost performance. It has worked very hard to add enough scientific and technological security configurations, which makes it particularly eye-catching among the same price models. But the price is the most lethal weapon, and its price is basically the same as that of the old models, which makes its cost performance suddenly more prominent. Suddenly there are so many rich configurations, I think no one will not like it, and then it is the regret of the owners of the old models.

Evaluation Editor-Liang Haiwen:

The upgrade of the new Accord focuses on the configuration and modeling. It must be admitted that the appearance of the new car is really dazzling, which is very important to attract young consumers, and the blessing of a number of high-tech configurations makes it keep up with the trend. Although the engine has been re-adjusted, its power performance is at the same level as the old one, and its acceleration performance is still better than that of the two main Japanese rivals. The manipulation feeling is still sticking to the original style: it is the most athletic among the Japanese "Three Musketeers" and more comfortable than its European and American rivals.

Evaluation Editor-Huang Rongjia:

As an old car owner, I think the appearance of the new Accord is much more beautiful than the current car. The configuration is much richer, especially the configurations such as inner CarPlay and Honda SENSING system, which are full of highlights. To sum up, compared with the current 2.4L model, the new car has improved a little, which has brought many surprises to my old car owner. To tell the truth, seeing a new car really makes people feel the urge to change cars.

The year 2024 has just begun, and Xpeng Motors is a bit "difficult".

In the delivery list in January, Xpeng Motors achieved a sales volume of 8,250 vehicles, down 59% month-on-month, which was the biggest drop among the new car-making forces. In February, sales in Xpeng Motors continued to decline, and only 4,545 new cars were delivered in February.

For the reason of the sales slump in February, He Xiaopeng attributed the reason to the production capacity of the new car X9. He said, "Due to too many orders, the production capacity has not kept up. In January, Tucki accumulated tens of thousands of orders for X9. At present, the difficulties faced by X9 have been solved, and the Spring Festival will fully work overtime to quickly improve the production capacity guarantee delivery."

In other words, the decline in sales is only temporary, and sales will gradually pick up in the future.

Although He Xiaopeng is still optimistic about the future of Xpeng Motors, the capital market does not see it this way. According to Kan Jian Finance, since 2024, Xpeng Motors’s share price has been falling continuously. As of the close of March 5, Xpeng Motors’s Hong Kong stock market closed at HK$ 35.95 per share. Although it has rebounded recently, its share price fell by as much as 36% in 2024.

Why did Xpeng Motors’s share price plummet by 36% in more than a month, and its performance was so bleak? In addition to the reason for the sharp drop in sales, what is the capital market still worried about?

Tucki’s "sleepy"

Xpeng Motors’s sales volume in January really fell far short of expectations.

According to official data, Tucki X9 delivered 2,478 vehicles in the first month, and the total sales of the remaining models were only 5,772 vehicles, including the main models-P7I and G6.

Of course, the production capacity of the new car X9 may have some problems, but the core of the problem at present is that even if the production capacity of the X9 can keep up, the sales volume in Xpeng Motors will not change much. After all, before the X9 was listed, the sales volume in Xpeng Motors could still exceed 10,000, but now after the new car is listed, the sales volume can’t even reach 10,000.

At present, it’s not easy for Xpeng Motors to increase sales again. After all, Xpeng Motors has been reducing prices and promoting sales since last December. According to media reports, Xpeng Motors has started several rounds of price cuts since December. For example, in early December, the maximum discount for all models of Tucki P7i was 26,000 yuan, and the maximum discount for Tucki G9, which was listed less than three months ago, was 19,000 yuan. In mid-December, Xpeng Motors announced that all G6 departments in Tucki would continue to reduce or exempt 10,000 yuan in a limited time. In January of this year, Xpeng Motors even announced that it would purchase the P7i Pengyi Performance Edition, and enjoy a limited-time subsidy of 50,000 yuan.

So many rounds of price cuts can’t move Xpeng Motors’s sales, which shows how much pressure Xpeng Motors is under now. This may also explain why Xpeng Motors’s share price performance has been so poor recently.

In fact, such a large-scale and continuous price reduction has brought many hidden dangers to Xpeng Motors’s performance. After all, Xpeng Motors is still at a loss.

According to the financial report, as of the third quarter of last year, the accumulated net profit of Xpeng Motors was-9.028 billion, the gross profit margin of the company as a whole was -2.7%, and the gross profit margin of the automobile business was -6.1%, which shows that Xpeng Motors is still in a situation of "selling one car and losing another". According to the recent price reduction, Xpeng Motors’s losses will further expand in the fourth quarter.

However, in order to stabilize sales, Xpeng Motors has neglected so much. According to media reports, since February, Xpeng Motors has launched a new round of price reduction promotion.

According to media reports, from February 1, 2024 to February 29, 2024, the 2024 Tucki G9 will receive a maximum of 10,000 yuan in cash during the Spring Festival, and a maximum of 11,000 yuan in limited-time optional discount, starting from 253,900 yuan for the whole department. At present, the official normal guide price of the 2024 Tucki G9 is 263,900-359,900 yuan.

However, the "drug effect" of price reduction tends to be smaller and smaller, and it can be predicted that the price reduction of ——G9 will have very limited sales promotion effect in Xpeng Motors.

How does Tucki "break through"?

For Xpeng Motors, the decline in sales is not the biggest problem. What is more serious is that its moat is becoming more and more fragile.

Previously, Kan Jian Finance had repeatedly analyzed Xpeng Motors, a car company. Among the three new forces, Xpeng Motors has the strongest scientific and technological attribute, and Xpeng Motors also wants to build its own scientific and technological moat. According to the financial report, in the past five years, Xpeng Motors’s R&D expenditure was about 15 billion, and it was this huge R&D expenditure that led to its losses year after year.

About two years ago, when the new energy vehicle market was still in the state of automation transformation, Xpeng Motors succeeded in creating scientific and technological attributes by virtue of its first-Mover advantage. However, with the competition of new energy vehicles entering the second half, more and more car companies are now making intelligent transformation, and the advantages of Xpeng Motors are becoming less and less obvious, especially with Huawei’s massive entry into the new energy vehicle market.

As far as the most important intelligent driving technology is concerned, Huawei has a tendency to surpass Tucki from three aspects: algorithm, computing power and data.

In terms of algorithm, Xpeng Motors chose NVIDIA Drive series chips and developed operators in software development, but Huawei is a self-developed chip, and only Huawei in China has realized mass production using network algorithms; In terms of computing power, Huawei’s current computing power on autopilot training is 1800P, which is three times that of Xpeng Motors’s 600P. From the data point of view, it is in sharp contrast to the sharp drop in sales in Xpeng Motors-Huawei’s world, with better intelligent software and hardware, became the new force "sales champion" in January. Obviously, in the field of intelligence, the world of inquiry has replaced Xpeng Motors’s former position, and with the growth of Huawei, when more and more car companies begin to use Huawei’s technology, Xpeng Motors’s future will become more and more difficult.

Of course, for the road of intelligence, although more and more strong enemies have emerged, Xpeng Motors obviously does not intend to give up. During the launch conference of Xpeng Motors Spring Festival, He Xiaopeng set a new timetable for NGP intelligent assisted driving: in 2024, the "full range" and "point-to-point" XNGP will be promoted in China, including scenes such as paths, internal roads and parking lots; Promote worldwide research and development of XNGP this year and next-research and development of high-speed NGP worldwide in 2024 and XNGP worldwide in 2025, which shows that Xpeng Motors will continue to invest in research and development in the future.

At present, in the face of increasingly fierce competition in the new energy vehicle market, there is not much Xpeng Motors can do but insist. But can Xpeng Motors really "survive" in the face of Huawei, a powerful competitor who has achieved good results in intelligence?

"The establishment of a nature reserve system with national parks as the main body is a major reform task put forward by the 19 th National Congress of the Communist Party of China and a major measure for the construction of ecological civilization in China. As the main distribution area of giant pandas, our province is duty-bound to build a giant panda national park with high quality and contribute to the construction of a national park system with China characteristics. " Since the beginning of this year, in accordance with the Consultation Plan for 2022 in Sichuan Province and the important work arrangement of the CPPCC in 2022, the CPPCC has actively carried out visits, investigations, consultations and suggestions on the construction of high-quality giant panda national parks and the formulation of regulations on the management of Sichuan giant panda national parks, so as to help the construction of national parks.

Sichuan is located in the upper reaches of the Yangtze River and Yellow River. Sichuan’s ecological environment is not only related to its own development quality and sustainable development, but also to the overall situation of the national ecological environment. The construction of Sichuan area of Giant Panda National Park is particularly important in the construction of ecological security barrier and ecological environment protection in the upper reaches of the Yangtze River.

How to protect the green mountains and build the ecological barrier in the upper reaches of the Yangtze River and the Yellow River is an important topic before the research group of the CPPCC.

"It is necessary to correctly handle the relationship between the development and protection of the residents in the reserve, so that the residents in the original place can have an’ ecological meal’ and enhance their sense of identity." "It is one of the big problems in the construction of the Giant Panda National Park to study and introduce the compensation policy for the orderly withdrawal of small hydropower and mining rights in the park as soon as possible." "In the early pilot, the destruction of wild animals led to the reduction or even no harvest of crops, and there was no compensation policy and funding source, so it was difficult to carry out community work …"

Strengthen upstream responsibility and help the construction of national parks in all directions.

"Two days ago, 200 meters away from the protection station, I saw the wild giant panda at close range for the first time. This proves that since the pilot construction of the Giant Panda National Park, the giant panda habitat ecosystem has been greatly restored, the number of giant pandas has increased significantly, and biodiversity has been fully restored. " At the Laohegou Nature Reserve in Pingwu County, Mianyang City, Ma Jian, director of the reserve center, excitedly shared his experiences with the CPPCC members and experts who came to investigate.

This is the scene when CPPCC members, responsible comrades of relevant departments and invited experts conducted research together before the expert consultation meeting of "Promoting the Construction of Giant Panda National Park with High Quality".

"Enhance the overall awareness, strengthen the responsibility of the CPPCC, and actively help the construction of the Giant Panda National Park." In accordance with the deployment of the leading party group of the CPPCC, the CPPCC organized special investigations from different angles and at different levels, gained in-depth understanding of the situation, widely publicized policies, listened carefully to opinions, and reached consensus among all parties.

Du Heping, vice chairman of the CPPCC, led some CPPCC members, experts and scholars and the relevant responsible persons of the responsible units of the consultation project to conduct field research in Deyang, Mianyang, Guangyuan, Dujiangyan and Ya ‘an. During the nearly two-month special investigation on "Promoting the Construction of Giant Panda National Park with High Quality", the research team went deep into the entrance communities, Gengda Town, Wenchuan County, Aba Prefecture, Baoxing County, Ya ‘an City and other places to learn more about the protection of the whole ecosystem with giant pandas as "umbrella protection species", and focused on the realization paths of ecological values such as rural tourism and characteristic planting and breeding in various places. In the Qingping Entrance Community of Mianzhu City, members walked into the Miners’ Venture Street in the "Golden Fairy Tale Town" to chat with the local people and learn more about the transformation of miners after the enterprise quit.

Liu Chengming, vice chairman of the CPPCC Provincial Committee, led a research team to go to Wolong Nature Reserve for on-the-spot investigation around the "Formulation of the Regulations of Sichuan Giant Panda National Park" to gain an in-depth understanding of the management and protection work in the reserve and the production and living conditions of the people, and to study the key points and difficulties in formulating relevant regulations. At the subsequent consultation meeting, CPPCC members and legal experts focused on the formulation of the regulations of Sichuan Giant Panda National Park, made suggestions from different angles, and conducted face-to-face consultations and exchanges with relevant provincial departments. More than 30 members expressed their opinions and suggestions through the provincial CPPCC performance system.

"Sichuan shoulders the important responsibility of building an ecological security barrier in the upper reaches of the Yangtze River and safeguarding national security. We must resolutely unify our thoughts and actions with the important instructions of the General Secretary of the Supreme Leader, firmly establish the upstream awareness, unswervingly implement the principle of joint protection and not engaging in large-scale development, actively play the role of a special consultative body of the CPPCC, help build an ecological barrier in the upper reaches of the Yangtze River, and protect green mountains and green mountains." Tian Xiangli, chairman of CPPCC, stressed.

Focus on difficulties, make suggestions and strengthen legislative and policy support for park construction.

Relevant information shows that the Sichuan area of Giant Panda National Park involves 73 nature reserves and is one of the hot spots of biodiversity protection in the world. At the same time, this area involves 67,400 people in 122 townships, with more than 300 mining rights and 280 hydropower stations. The contradiction between ecological protection and local economic development is more prominent.

How to solve the problem of protection and development in coordinating the construction of giant panda national park?

"Promoting the high-quality construction of the Giant Panda National Park is a concrete action to conscientiously implement the ecological civilization thought of the supreme leader and an innovative work to promote the reform of the ecological civilization system." After investigation, CPPCC members believe that it is necessary to strengthen the top-level design, strengthen planning guidance, straighten out the system and mechanism, and provide strong support for the construction of giant panda national park through legislation and policies.

In view of the phenomenon of "Jiulong Water Control" at the grassroots level, the research team suggested that the protection and management institutions should be scientifically set up to optimize and integrate the functions of nature reserves; Strive for the national level to issue a plan for coordinating the establishment of the management institutions of the Giant Panda National Park in Sichuan, Shaanxi and Gansu provinces as soon as possible, optimize and improve the establishment of the three-level organization of "Provincial Administration-Management Branch-Grassroots Protection Station", and orderly integrate the personnel, establishment and functions of various management institutions; Orderly integrate the cadres, staff, establishment and institutions of existing nature reserves, natural heritage sites, forest parks, scenic spots, state-owned forest farms, forest industry enterprises and other nature reserves in national parks to realize "one protected area and one team management"; Establish a four-level coordinated mechanism of provinces, cities, counties and townships, share resource information, gather all forces to jointly study and solve major problems faced by national park construction, strive for special policies, and jointly promote key projects.

Some places in the survey reflect that the management of Giant Panda National Park can’t be relied upon, calling for speeding up the legislative process and standardization system construction of national parks. At present, the Regulations of Sichuan Giant Panda National Park has been included in the legislative plan of the provincial government in 2022. Under the background of lacking the support of superior law and the experience we can learn from, what should local legislation do in our province?

The research group of CPPCC believes that Sichuan should face up to the difficulty of legislation, seize the opportunity and dare to try first. In local legislation, Sichuan should conscientiously implement the supreme leader’s ecological civilization thought, fully embody the new development concept, fully embody the relationship between protection and development, fully embody the level and ability of governance according to law, and achieve a high degree of unity and organic combination of political effect, legal effect, social effect and ecological effect.

The research team suggested that the dominant position of the provincial people’s government should be highlighted, and the mechanism of integrating management and law enforcement should be implemented in the Sichuan area of the Giant Panda National Park; Establish and improve the construction of inter-provincial and intra-provincial regional cooperation mechanisms, and raise the good experiences and good practices of regional cooperation such as joint meetings explored by some cities (States) in our province, cross-regional case clue transfer, integrated case handling and collaborative restoration to the legislative level.

Protect the green water and green mountains together, support the landing and build an ecological security barrier in the upper reaches of the Yangtze River.

"Conscientiously practice the supreme leader’s ecological civilization thought and build the Giant Panda National Park with high quality and high standards. Sichuan should make great efforts to coordinate scientific protection and rational utilization, which not only protects the natural ecology in a complete, standardized, scientific and coordinated manner, but also leaves enough room for social development and common prosperity of the people in the region, and realizes the unity of ecological protection and improvement of people’s livelihood." During the consultations and exchanges, CPPCC members always adhere to the concept of "Lucid waters and lush mountains are invaluable assets" as the guide, and creatively think and make suggestions.

Committee members suggested establishing a diversified investment guarantee mechanism and encouraging all localities to explore and implement the mixed equity cooperation mechanism of "state-owned enterprises+social capital+park projects"; Actively carry out the pilot project of comprehensive ecological compensation, strive to establish an environmental resource trading platform integrating carbon emission rights, energy use rights, emission rights and water rights in our province, and give priority to the carbon sink increment naturally grown in national parks into the national carbon market transactions; Establish a third-party evaluation system to scientifically evaluate the construction and management of the Giant Panda National Park, and link the evaluation results with regional performance appraisal and fund awards.

Committee members believe that the construction of the Giant Panda National Park can also play a positive role in boosting rural revitalization. "Differentiate to build the entrance community of the national park, explore and promote the relief mode focusing on improving production and living conditions, setting up public welfare posts, carrying out skills training, and paying dividends on assets in the entrance community, so as to achieve synergy between protection and development" and "build an ecological circle of giant panda cultural and creative industries". "Formulate management measures for franchising in general control areas, encourage indigenous residents and enterprises to participate in franchising activities according to law, and manage their operating income according to the relevant provisions of the government on non-tax revenue. Dedicated to the construction of national parks and the improvement of people’s livelihood "… The insights reflect the consensus and responsibility of CPPCC members-to jointly protect green mountains and green mountains and build an ecological security barrier in the upper reaches of the Yangtze River.

Department of Justice feedback:

Over 60% of the suggestions have been adopted.

"Our office and the Provincial Forestry and Grass Bureau carefully studied the contents of the proposal and adopted them except for legislative technical specifications or national regulations." A few days ago, the General Office of the Provincial Political Consultative Conference received a feedback letter from the Justice Department. The Department of Justice said in an official letter that more than 60% of the consultation suggestions put forward by the General Office of the Provincial Political Consultative Conference on the Sichuan Giant Panda National Park Regulations (Draft for Comment) (hereinafter referred to as the Regulations) have been adopted.

This year, the provincial government has incorporated the Regulations into the legislative plan. In order to give full play to the unique advantages of the CPPCC, widely gather public opinions, concentrate people’s wisdom, and build consensus, the Social Legal Committee of the CPPCC and the Justice Department decided to carry out key legislative consultations around the formulation of the Ordinance through communication and coordination. Through face-to-face listening to opinions and submitting opinions through the CPPCC performance system, about 50 CPPCC members and legal experts and scholars put forward suggestions and suggestions for revision.

This time, the Social Legal Committee of the Provincial Political Consultative Conference summed up 30 specific suggestions for revision, and the Justice Department adopted 19 of them and revised the regulations accordingly. The Department of Justice said that by adopting the consultation opinions and suggestions of the provincial CPPCC, the language expression of the regulations is more accurate, the logical order is clearer, and the content provisions are more reasonable.

The person in charge of the Social Legal Committee of the CPPCC said that it will conscientiously sum up experience, further expand the channels and methods of participating in legislative consultation, help improve the quality of local legislation, and strive to increase the contribution rate of CPPCC work in the overall situation of the province. (Reporter  Chen Ting)