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The domestic BMW X5 is 130mm longer. If it sells for 558,000 yuan, the only thing that can stop it is the production capacity？

"When will the extended version of the domestic BMW X5 come out?" Many classmates and friends around me consult me from time to time.

No, it’s coming! On March 1st, BMW (China) released the official map of this car and some key information: the car was officially named as.BMW Brilliance X5 L, available in 30Li(2.0T) and 40Li(3.0T) versions, is a special model for the China market. It is produced in Tiexi Factory in Shenyang and will be listed soon.

After the X5 was made in China by BMW Brilliance, the car body was lengthened by 130mm, and the wheelbase reached 3105mm, which was the longest in its class. BMW’s American factory will reduce the X5 production schedule, but the import of standard axle models will not stop in a short time.

(The words "BMW Brilliance" at the end clearly indicate the identity of its domestic car. )

X5 has been made in China for a long time. On December 8, 2021, the Ministry of Industry and Information Technology issued the 351st batch of Announcement on Road Motor Vehicle Manufacturers and Products, and the domestic version of BMW X5 was impressive.

Domestic production of luxury medium and large SUVs is not special. Lincoln aviator and British finidi QX60 have been produced in China, and Volvo XC90 and Audi Q6L have also announced that they will be made in China. Why is X5 the most concerned? Because it is a BMW, it has its own aura.

How hot is the domestic X5 L? At present, some 4S stores have begun to accept reservations. Only one hour after the pre-sale, the whole order has exceeded 8,000 units. Don’t forget, it is an expensive medium-sized and large luxury SUV.

The domestic BMW X5L has such a high degree of attention, and consumers are most concerned about the price.

Since it has not been officially listed, BMW has certainly not announced the official price. But now there is a crazy price circulating in the market-starting from 558,000 yuan, and it is claimed that this is information provided by insiders with an accuracy rate of 99%.

This price is so shocking that it is nearly 150,000 yuan cheaper than the original imported X5.7 million yuan, and even cheaper than the imported Touareg.

Even at a price of nearly 700,000 yuan, the imported BMW X5 still cut the sales of more than 50,000 vehicles in 2021, ranking first in the same class. After domestic production, the price has dropped to 500,000, while Mercedes-Benz GLE and Audi Q7 are still imported cars, and the price is more than 700,000 yuan, which is estimated to be enough.

Lincoln Aviator, Cadillac XT6 and British finidi QX60 are cheaper than domestic BMW X5, but their brand appeal is not the same as that of BMW.

Of course, some people are skeptical about the price of 558,000 yuan. Because the price of BMW 5 Series has not changed much when it changed from the original imported standard axis to the long version of 5 Series Li made in Canada; The 3 series has changed from imported to domestic extended version, and the price has not changed much.

BMW has neither admitted nor denied the price of 558,000 yuan, giving people a lot of imagination. So some people think that the price from 55.8 is possible. When X3 was made in China, it was 100,000 yuan cheaper than the imported version.

Because BMW Brilliance’s shareholding ratio, BMW’s shareholding ratio has been approved to 75%, even if the price is lower, the profit distribution is higher.

In terms of market positioning, in 2021, BMW listed the pure electric SUV iX, and the price of the car was 746.9-996.9 thousand yuan, which is exactly the price range of the original imported BMW X5, and may replace the market position of BMW X5 in the future.

Therefore, BMW probably wants X5L to play a combination boxing with iX. Want to further develop the maximum surplus value of BMW X5 in China market.

Another reason is that the BMW X5 overseas model is facing a mid-term change, and the domestic BMW X5L is the old model before the mid-term change. Therefore, it is not excluded that BMW will still keep the imported X5 and continue to sell it. Domestic X5L takes the cost-effective route, while imported X5 takes the performance route.

In addition, BMW is in a strong position in China. Last year, it completed 845,000 vehicles in China, 100,000 ahead of Mercedes-Benz, and this year’s target is 1 million vehicles.

To achieve the sales of 1 million vehicles, the domestic BMW X5 L shoulders the heavy responsibility, and of course, it is necessary to set a competitive price.

BMW summed up nine highlights for the brand-new domestic X5L, and the intelligent laser headlights ranked first, but consumers are more concerned about the longest wheelbase of 3105mm. Generally speaking, it is inevitable that the handling performance will be reduced after the vehicle is lengthened, but consumers can’t stop the temptation of lengthening.

Many people are concerned about lengthening the size.The length, width and height of BMW Brilliance X5L (domestic X5 for short) are 5060mm/2004mm/1771mm respectively.

People familiar with BMW may know that the wheelbase of imported X5 is only 2975mm, and the length of domestic X5L has been increased from 4,930 mm to 5,060 mm. The other parameters have not changed, and the wheelbase has been increased to 3105mm, which is comparable to BMW X7, and most of the extended parts have been given to the rear row, thus solving the problem of cramped rear row.

Previously, BMW X5 was an imported car, but it was controversial because of the rear space. Now the localization has lengthened the wheelbase, which means that the comfort of the rear space is expected to be improved.

Luxury cars have benefited from the extension in China market, from Audi A6L to BMW 5 Series, 3 Series, Audi Q5L and Mercedes-Benz GLC, and have achieved great success.

According to the disclosed news, the domestic BMW X5L will be equipped with two sets of power systems, namely, a 2.0T engine with model B48B20G and a 3.0T engine with displacement of B58B30C. Among them, the 2.0T engine is made in China, while the 3.0T engine is still imported.

In the transmission part, it is expected to continue the 8-speed automatic manual transmission of imported models and support the intelligent all-wheel drive system.

Domestic BMW X5L provides BMW 2.0T inline four-cylinder turbocharged engine and 3.0T six-cylinder turbocharged engine which won numerous international awards. Among them, the latter makes the new BMW X5 xDrive 40Li accelerate only 6.0 seconds per 100 kilometers, and the top speed is as high as 238 km/h. With the help of a new generation of BMW xDrive intelligent all-wheel drive system, intelligent shock-absorbing air suspension and electronic shock absorber, and with the adjustment experience accumulated by BMW and a hundred years, the all-terrain driving ability of the car is beyond doubt.

BMW’s fuel engine enjoys a high reputation, but with the international crude oil price rising continuously, the domestic price of No.92 oil has surpassed that of 8 yuan, so it would be better if there is a PHEV version.

This is not impossible, because the imported version of the 2022 xDrive45e M sports suit is the PHEV version, but the price of 859,900 yuan is 100,000 yuan more expensive than the 754,900 yuan 2022xDrive40i M sports suit.

If the domestic BMW X5 PHEV version can set a price similar to that of the gasoline version X5, like the BMW 535Le, and it can also get a green license and be exempt from purchase tax, it is estimated that it will attract a wave of consumers.

Because the domestic X5L will not only face the competition from the original luxury fuel SUV, but also be impacted by the electric products of the models such as Weilai ES7, Li ONE and L9, the X5L’s dominance is also in jeopardy.

With BMW’s enthusiasm to promote the plug-in, it is expected that the gasoline version X5 will be launched first and the PHEV version will be launched later. PHEV can not only improve performance, but also be a more advanced model with "double points".

The huge demand of domestic X5L makes BMW Brilliance’s production capacity a little stretched. According to the inside information of BMW Brilliance, X5 will be produced from April 2022 to 2026, with a planned annual production capacity of 121,000 vehicles, equivalent to a monthly production schedule of 10,000 vehicles.

At present, the existing production capacity of Tiexi and Dadong factories owned by BMW Brilliance is 760,000 vehicles/year, including 200,000 vehicles/year and 160,000 vehicles/year for Dadong new and old factories respectively, and 400,000 vehicles/year for Tiexi factory.

In 2021, the total output of BMW Brilliance exceeded 700,000 vehicles, and the total sales volume surpassed that of Beijing Benz, taking the crown of domestic luxury car retail volume.

According to the public information, the expansion project of Dadong Factory, which started in March 2020, has an additional capacity of 240,000 vehicles/year, while the new Tiexi Factory, which will be built soon, has an additional capacity of 400,000 vehicles. In other words, BMW Brilliance will once again expand its production capacity through the new projects of Dadong and Tiexi, reaching 1.4 million vehicles/year (three shifts), an increase of 84% on the basis of the existing 760,000 vehicles.

Although BMW Brilliance’s production capacity is ambitious, considering the current shortage of chips and the instability of the global supply chain, how to produce as many X5 L as possible will be the main task to test BMW Brilliance.

Wen | DA Bin

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Is innovative medicine the hope of Hengrui？

comeSource | Yaozhi. com(Reprinted by Cybertron)

Write | 　 three 　

Up to the seventh batch, Hengrui Pharma has won the bid for 20 varieties. During this period, however, the market value continued to be under pressure. Although there are many reasons for losing the bid, it is not that winning the bid can unilaterally bring different profits to the enterprise.

The answer is obvious.

Centralized purchasing is a hurdle that Hengrui can’t cross, and the same is true for the entire pharmaceutical industry. Nowadays, Hengrui innovative drugs are developing rapidly, and a large amount of R&D investment is made every year. Under the guidance of innovative drugs, Hengrui’s short-term pain at present may be just preparing for the bright future.

But is this really the case?

Looking back on the situation in the national medical insurance talks last year, the price of Karelizumab of Hengrui decreased by 85% and that of Esketamine decreased by 68%, but it failed to achieve the expected effect of "exchanging price for quantity". In the end, due to various factors, the sales volume of the product fell short of expectations, and the overall performance declined seriously in 2021. Even in the first quarter of this year, there was no sign of stopping the decline, and 20.93% of the performance decreased year-on-year, which was "Du Jie".

From this point of view, in today’s pharmaceutical market, it is not just generic drugs that are not easy to do, and the situation of innovative drugs is also not optimistic.

Last month, the National Medical Insurance Bureau officially announced the Work Plan for the Adjustment of the National Basic Medical Insurance, Work Injury Insurance and Maternity Insurance Drug List in 2022 and related documents. Hengrui has not recovered from the last shock, but the fifth round of the adjustment of the national medical insurance drug list will begin again.

This time, for Hengrui, is it a turning point, or is it worse?

01

Hengrui 3 new drugs, medical insurance is the only way out?

According to relevant reports, from July 1 last year to June 30 this year, there were about 31 innovative drugs (excluding newly approved indications for listed drugs) approved by domestic enterprises for the first time, including monoclonal antibodies, double antibodies, CAR-T and other drug types, covering many diseases such as cancer and immunity.

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Among them, Hengrui has three new drugs that try to advance into the medical insurance catalogue this year, namely, Darceli, Hengglinide and Riverumide.

Heng ge lie Jing

First of all, as two new drugs approved by Hengrui on the same day, both Hengglinide and Darcyril are the first domestic innovative drugs in their respective targets.

The former, Henggliclazide, is also the first SGLT-2 1 new drug independently developed in China, which marks a major breakthrough in the field of treatment in China, and what is more important, of course, is to break the monopoly of foreign companies in the original research of SGLT-2 inhibitors for many years.

According to relevant data, up to now, five SGLT-2 inhibitors have been approved for listing in the domestic hypoglycemic drug market (including compound preparations). Because the approval time of Hengglinide is shorter than that of its predecessors, this has become its most important fatal factor. At present, the market is not fully opened, so it may be even more urgent to superimpose the medical insurance volume in this national medical insurance talk.

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In addition, except for the generic drugs of Agglinide tablets in the above table, the other four SGLT-2 inhibitor competing products of Hengrui have been approved to be listed and regarded as over-evaluated, among which both Kagglinide and Engelglinide were included in the fourth batch of centralized purchase. Due to the late listing, the impact of overlapping centralized purchase did not fully appear, and the sales growth rate of the two products in China public medical institutions in 2021 still exceeded 500% and 200%.

Finally, although there are no other SGLT-2 inhibitor Class 1 new drugs approved in China except Hengrui Henggliclazide, the related products of Dongyang Guangyao, Xuanzhu Medicine and other enterprises have also entered Phase III clinical trials, and it is expected that more enterprises will join the competition pattern in the later period. It can be said that this year’s national health insurance talk has become the only hope of Hengrui, a new drug that has not been listed for one year.

Darsili 　　

The situation of another new drug, Dalxil, is also not weaker than that of Hengglinide. According to relevant data, before the approval of Darcyril Tablets, there were four CDK4/6 inhibitors on the global market. Except Trilaciclib, which was approved for bone marrow suppression, the other three inhibitors (Piperacil from Pfizer, Rebocili from Novartis and Agbesi from Lilly) were all used to treat HR+/HER2- breast cancer.

　 2451658876526819 　　

In last year’s national talks on medical insurance, Lilly negotiated successfully before Pfizer, and Abeceli became the first CDK4/6 inhibitor to enter the medical insurance catalogue, which was officially implemented on January 1, 2022. This year, in addition to Abeceli’s soon-approved auxiliary indications, it is highly probable that he will strive to enter the medical insurance list, and the remaining Pipeceli and Rebosi are expected to make many moves in this national talk. At the same time, CDK4/6 is the star target, and the innovative drug market in China has naturally become the priority layout direction of many enterprises. Even some enterprises have prepared generic drugs in order to avoid the overcrowded innovative drug track. On December 18, 2020, Qilu Pharmaceutical’s piperacillin generic drug (the first imitation) was approved by the Food and Drug Administration, waiting for the piperacillin patent to expire in 2023 and enter the market at any time. After Qilu, more than 20 companies also took a fancy to piperacillin generic drugs. Only five companies, including Kelun Pharmaceutical, Osekan, Haosen, Xiansheng and Shanxiang Pharmaceutical, are in the stage of listing application. Even the same innovative drug track also has more than ten products in the clinical stage, such as Zhengda Tianqing, Beierda Pharmaceutical and Jinzhou Aohong. Although the market prospect is attractive, its involution degree is even worse than that of PD-1/L1, and Darceli of Hengrui, even if the national health insurance talk is successful, has little advantage in price and time to market regardless of efficacy. Not surprisingly, the drug of Hengrui will appear at an "amazing" price reduction in this national talk. 　　

Rivirutamide　 　 　　

As for the last Rivirutamide, as a new drug that entered the division time on June 29th, it is mainly used for metastatic hormone-sensitive prostate cancer with high tumor load, and it is also the first new androgen receptor (AR) inhibitor independently developed by China. According to the publicity content of Hengrui, compared with the standard treatment, the overall survival OS of Rivirutamide has been significantly prolonged, and the risk of death and disease progression has been significantly reduced by 42% and 54% respectively. However, it is still unknown whether it can provide a brand-new excellent treatment scheme at present, and it will take some time to be verified by the market.

02

The "involution" of PD-1 situation is still the theme.

Of course, in addition to the above three new drugs, Hengrui’s national talk about PD-1 this year is also one of the most concerned contents and one of the biggest attractions.

First of all, Karelizumab is the only PD-1 monoclonal antibody in the current catalogue that is about to expire. On the premise of the failure of negotiations on nasopharyngeal carcinoma last year, plus the new indications for first-line esophageal cancer and first-line squamous NSCLC this year, the number of items to be discussed increased to four this year.

At the same time, because esophageal cancer and NSCLC are the major diseases with the highest morbidity and mortality in China, it is expected that this year it is very likely to form a "packaged" admission situation-four indications will enter medical insurance at the same time.

Of course, the opposite must be a huge price reduction (refer to the previous PD-1 price reduction and renewal, perhaps even more).

More crucially, since the second half of last year, domestic PD-(L)1 monoclonal antibodies have been approved one after another, and three domestic PD-1 and two domestic PD-L1 may also join the battle in this national medical insurance talk.

This year’s PD-1 national health insurance talk must be another bloody storm.

03

summary

On the whole, perhaps innovation is indeed the way out for Hengrui, but this road is not as smooth as expected.

At least for the time being, Hengrui, who has temporarily passed the centralized mining safely, may face the real problem of "future" in the next step. The innovative drug market, which looks like scenery, is also full of crises, and involution will become the most important rhythm in the next few years or even decades.

In recent years, under the influence of a number of policy adjustments, leading enterprises such as Hengrui are far less able to accurately control and grasp the main trend of the market, and the advantages they can show when competing with biotech enterprises are not as good as before.

The only way to finally change the present situation is time.

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Geely sold more than 250,000 brands in November, and new energy became the growth engine.

The November sales "Battle Report" just announced by Geely Automobile is remarkable! The sales of new cars in a single month jumped to 250,136 vehicles like a rocket, which not only refreshed its historical peak again, but also broke the record for two consecutive months. Such a strong market momentum, like a surging wave, wantonly demonstrated its vitality. Looking at the first 11 months of the extended timeline, the cumulative achievement of 1,966,512 vehicles is dazzling enough, and the 31% year-on-year growth rate is even more intuitive.

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Focusing on the new energy battlefield, Geely is full of firepower. In November, the new energy sector won 122,453 vehicles, reaching a new historical high again, rising steadily by 13% from the previous month, and the year-on-year figure soared by 94%. The rapid growth trend is clear at a glance. Broadening the horizon to January-November, the cumulative sales volume of 777,029 vehicles and the year-on-year growth rate of up to 92% witnessed its continuous galloping in the new energy track. Among them, the sales performance of pure electric vehicles is amazing, and the performance of 91,333 vehicles surged by 173% year-on-year, which is undoubtedly a strong engine to drive overall growth.

IMG_256

Analyzing Geely’s rise password, multi-brand strategy is the key "blade". Many of its brands are not fighting in their own way, but cleverly intertwined and coordinated. Like delicate gears, each brand closely engages with each other and complements each other in different market segments. Some brands specialize in high-end luxury experience, some focus on cost performance and practicality, and some focus on young fashion trends. When they gather in one place, they will form an indestructible and powerful matrix, covering the diverse needs of consumers in an all-round way. Only in this way can Geely Automobile stand out in the fierce competition and make great strides all the way. In the future, it is expected to continue to lead the way with this strategic advantage.

IMG_256

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Geely Automobile Group CEO Gan Jiayue： Geely Automobile is fully transforming into the intelligent era

　　Geely Automobile Group recently released the "Smart Geely 2025" strategy and the "Nine Dragon Bay Action" to fully promote the "Smart Geely 2025". Gan Jiayue, CEO of Geely Automobile Group, said that a number of new measures will promote electrification and intelligence through technological progress, create a smart travel experience that exceeds expectations for users, and create sustainable win-win value for partners.

　　From "Blue Geely" to "Smart Geely"

　　Full stack self-research to build core competitiveness

　　Geely’s new strategy places the development of smart cars in a prominent position, and regards cars as an important carrier of the Internet of Everything to meet users’ future intelligent and networked demands and create the ultimate driving experience.

　　Gan Jiayue announced at the new strategy conference that Geely will rely on the advantages of globalization system and resource coordination to build a "one network three systems" to promote the efficient implementation of the "Intelligent Geely 2025" strategy, and achieve the strategic mission and goal of "creating an intelligent travel experience that exceeds users’ expectations, building a technology-led global automobile enterprise, and becoming the most competitive and respected Chinese automobile brand".

　　According to the introduction, "One Network" is the "Intelligent Geely Technology Ecological Network". It is a "new infrastructure" based on intelligent architecture, building an end-to-end self-research system and ecological alliance around chips, software operating systems, data and satellite networks, driving users’ experience in intelligent driving and intelligent cockpit. As the only auto company in the world with satellite communication and positioning, high-precision mapping and navigation, and full-stack self-research from automotive chips to hardware and software, Geely will build the core competitiveness of future smart cars based on intelligent architecture, intelligent driving and intelligent cockpit.

　　"To form the Internet of Everything, the car is a very important mobile end point and carrier. We have long thought that the future car must be intelligent, so our future action strategy and intelligence must always be considered. Smart cars are the hard core to meet the ultimate travel experience of users."

　　Referring to the two blue Geely action plans released by Geely at the beginning of this year and the release of this strategy, both point to intelligence, Gan Jiayue said: "The first blue action plan is to focus on intelligent energy-saving and new energy vehicles, and the second is to focus on intelligent high-end pure electric vehicles. Therefore, the nine major actions announced today focus on the development of intelligence as the primary goal."

　　In order to ensure the full implementation of the "Smart Geely 2025" strategy, "Nine Dragon Bay Action", one of the actions proposed to realize the full-stack self-research of autonomous driving and accelerate the vision of "zero accidents and zero casualties" in intelligent travel. Relying on the smart Geely technology ecosystem, Geely wants to realize the full-stack self-research in core technology fields such as intelligent energy, autonomous driving, intelligent networking, and intelligent cockpit, and to create "the best, safest, and most responsible" autonomous car, so as to achieve "delivery is safe". By 2025, achieve the commercialization of L4-level autonomous driving, and fully master L5-level autonomous driving.

　　From "Domain Control" to "Super Brain"

　　Open and Win-Win Iterative Modular Architecture

　　In the trend of software accounting for an increasing proportion of automotive applications, Geely, which has significant advantages in vehicle manufacturing technology, will also form partnerships with an open mind to create a win-win space in the industry while efficiently providing users with excellent and iterative services.

　　"Geely will continue to open up in the future. From years of experience, I think the whole industry wastes a lot of resources. In the past, every new car had to be developed for five to seven years, and an architecture had to be developed. If the standards are the best, just like Apple’s ecology, the underlying architecture is done well, and everyone can develop on this underlying architecture, and then differentiate the upper-layer applications," said Mr. Gan. "It is based on this logic that Geely has spent a lot of money to build a modular architecture and open it up to the outside world. Unlike previous architectures, this modular architecture can be further iterated."

　　It is reported that intelligent architecture, as a new infrastructure project of science and technology, is the foundation of the science and technology ecological network. Geely’s BMA, CMA, SPA and SEA have four world-class intelligent architectures, which are not only fully compatible with diversified energy sources, but also have leading modular advantages. In the face of global differentiated standards and user requests, it can improve R & D efficiency by 30%. At the same time, Geely empowers world-class intelligent architectures with GEEA 2.0 electronic and electrical architecture, so that Geely’s current intelligent architecture not only has the advantages of comprehensive compatibility with diversified energy sources, leading modular advantages, and high R & D efficiency, but also has smart "brains" and high-speed and developed "neural networks". Geely’s new smart cars built with intelligent architecture will be equipped with GEEA 2.0 electronic and electrical architecture. In the future, Geely’s intelligent architecture will also evolve to the GEEA 3.0 central computing platform architecture, leading the evolution of smart cars from "domain control" to "central super brain".

　　It is worth mentioning that Geely Automobile Group recently released the global power technology brand – Raytheon Power and the world-class modular intelligent hybrid platform – Raytheon Zhiqing Hi · X, which can provide leading efficient and intelligent power solutions. According to Geely, as a world-class modular intelligent hybrid platform, Raytheon Zhiqing Hi · X has a global high-end power platform, an expansive hardware space design, an expansive electrified drive platform, and an evolutionary power platform. Five platform advantages such as power, economy, and intelligent leadership are presented on all major platforms. At the same time, it also has six ceiling technologies in the hybrid industry, which is superior to Japanese hybrid in core technology.

　　Relying on open technical cooperation, another action released by Geely is clear: launch more than 25 new intelligent new energy products within 5 years, leading the era of intelligent mobile end point. According to reports, Geely brand will launch more than 10 new products one after another, the main car series is fully intelligent and new energy, and launch long-range series-parallel, extended-range, direct-drive, and electric-driven Raytheon Super Hybrid. PHEV pure electric battery life can exceed 200 kilometers. Geometry brand will launch more than 5 star products newly built by pure electric architecture (including vast architecture) from 2022, covering the mainstream pure electric market. Lynk & Co brand will launch more than 5 new intelligent technology products one after another to continuously improve the market layout. In 2023, the first electric SUV product will be launched in Europe first, realizing the globalization and high-end of smart new energy products. The new technology new energy for electric travel brand will launch five smart pure electric products based on the exclusive architecture platform, providing users with efficient and intelligent travel services, and becoming a new force in the electric travel technology ecosystem.

　　In addition, Geely is committed to building an "end-to-end" vehicle software user experience, building a full-stack self-research system covering electronic and electrical architecture, vehicle basic software, intelligent cockpit software and autonomous driving software, and establishing a smart car software and hardware system. At the same time, Geely applies the SOA software service structure, opens more than 1,000 API interfaces, provides software tools and platforms to global developers, and creates active scenario services with more than 1,000 digital partners around the world. By 2025, Geely will achieve at least 1 to 2 OTA upgrades for the whole vehicle every quarter, so that smart cars can evolve from "manufacturer definition" to "user software co-creation", and fully enter the era of software-defined vehicles.

　　From "migrant worker" to "partner"

　　"Talent Forest" Supports Performance Imagination

　　Behind the technological innovation, Geely has a solid talent pool strategy and provides endless imagination for future performance.

　　Gan Jiayue makes it clear that Geely’s core competitiveness is talent. "The biggest asset of an enterprise is not how much cash it has, nor how much fixed assets it has. Those data are on-balance sheet assets, which will be reflected in financial statements. The biggest asset of an enterprise is off-balance sheet assets, and the most important off-balance sheet assets are talents, and off-balance sheet assets determine on-balance sheet assets. Because everything is created by talent, the core competitiveness is talent. This is a soil that mobilizes all the initiative of Geely Auto people, and this energy will be amazing." At the same time, Gan Jiayue also believes that everyone has the potential to become a talent, and how to unleash the potential of people is Geely’s core competitiveness.

　　According to the action goal released by Geely, 350 million shares will be allocated, and the first batch of shares has inspired 10,000 employees. According to reports, this is the "largest" employee Equity Incentive Plan in China’s automotive history, and it is also an important signal for Geely to embrace change and transform into a technology-based enterprise, so that more core employees can become "partners" from "migrant workers". Geely also has a unique "talent forest" system. So far, Geely has established 9 vocational and higher education institutions, cultivating more than 150,000 talents. The perfect talent training system and development channel have enabled the emergence of endogenous talents in the enterprise.

　　In addition, Geely also said that it will continue to maintain the first investment in R & D of Chinese auto brands. Within 5 years, it will invest 150 billion yuan in R & D. Relying on Geely’s global "5 R & D + 5 modeling centers" to build a leading international R & D system and fully transform into the intelligent era. By 2025, Geely strives to achieve the highest proportion of software talents and the highest efficiency in software development in the automotive industry. Geely will also deepen research in the field of basic science, build 10 world-class key laboratories, accelerate the transformation of scientific and technological achievements, and continue to maintain Geely’s core technology leadership.

　　To achieve value creation through technology leadership, Geely’s performance target is to achieve EBIT (pre-interest and tax profit) of more than 8% in 2025. Geely will increase the scale effect through "comprehensive architecture car building", reduce the cost of model research and development and supply chain, and increase the R & D efficiency by 30%. At the same time, it will achieve full-link digital intelligent manufacturing, global technology output, maximize cost reduction and efficiency, and strive to achieve the goal of tripling the sales volume, ranking first in China in market share, and increasing the average revenue of bicycles by 30% by 2025.

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The price of Zhiji LS7 in Hengyang is greatly reduced! The promotion discount is 10 thousand, and the quantity is limited

[car home Hengyang Promotion Channel] Good news! There are preferential activities under way, and now you can enjoy a maximum discount of 10 thousand yuan when you buy this model in Hengyang area. The lowest starting price of Zhiji LS7 is 279,800 yuan, which is more cost-effective after the discount. If you want to know more about the discount, please click "Check the car price" in the quotation form to get a higher discount.

https://car3.autoimg.cn/cardfs/product/g31/M0B/AA/F4/autohomecar__ChxoHmWnSVaAYffZADGMYnFVJio455.jpg

Zhiji LS7 is a luxury SUV with a unique design. The front face design is full of strength, and the air intake grille is streamlined with smooth lines and dynamic features. The style of the whole vehicle is fashionable and atmospheric, which shows the perfect combination of luxury and sportiness. The body lines are smooth and the roof lines are tilted backwards, creating a sense of movement and movement. The whole vehicle adopts two-color body design, which highlights the sense of luxury and fashion. The design of Zhiji LS7 is full of science and technology, and the overall shape is very futuristic and impressive. No matter from the appearance or interior, Zhiji LS7 shows the luxury and quality respected by car home, and it is one of the models worth looking forward to.

https://car2.autoimg.cn/cardfs/product/g31/M03/AA/F4/autohomecar__ChxoHmWnSVWAGJcEADC2FfnoeU0670.jpg

Zhiji LS7 is a luxury SUV with a body size of 5049*2002*1731mm, a wheelbase of 3060mm, a front track of 1700mm and a rear track of 1715 mm.. The body lines are smooth, the overall shape is atmospheric, and the side lines are simple and smooth, full of movement. The front and rear tyre size are 255/55 R20 and 275/50 R20, respectively. With the fashionable rim design, it highlights the luxury of the vehicle.

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The interior design of Zhiji LS7 is full of modernity and technology. The 26.3-inch central control screen is located in the center of the car and supports voice recognition control systems such as multimedia, navigation, telephone and air conditioning, so that drivers can easily grasp all kinds of information of the car. The leather steering wheel feels very comfortable, and the design of electric up and down+front and rear adjustment allows the driver to find the best driving posture. The front and rear rows are equipped with Type-C interfaces, which are convenient for drivers and passengers to charge. The seat material adopts the combination of imitation leather and genuine leather. The main driver’s seat supports front and rear adjustment, backrest adjustment, height adjustment (4-way) and lumbar support (4-way). The co-pilot seat supports front and rear adjustment, backrest adjustment, height adjustment (2-way) and lumbar support (2-way). The front seat also has heating function. The rear seats are laid down in proportion, so that passengers can rest more comfortably. In a word, the interior design of Zhiji LS7 is very humanized, which provides excellent comfort and convenience for drivers and passengers.

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Zhiji LS7 is equipped with a powerful engine with a maximum power of 250 kW and a maximum torque of 475 N m.. This engine can provide abundant power for the vehicle, making it perform well during acceleration and driving. At the same time, the engine of Zhiji LS7 also adopts advanced technology to improve fuel efficiency and reduce emissions. This makes Zhiji LS7 have excellent performance in power and environmental protection. Whether driving daily or traveling long distances, Zhiji LS7 can meet the driver’s demand for power.

Zhiji LS7 model has excellent performance in space, power, appearance and car system, which has also been well received by car owners. The owner of car home said that the sound insulation effect of the car is very good. After closing the window, the inside and outside of the car seem to be two worlds. In addition, the car’s vision is also one of its highlights, and it is known as "the best SUV in the whole vision". The environmentally-friendly materials also make the new car smell free, and the optional Raphael brown high-definition art car paint is very satisfactory to the owner, because it can present different visual feelings with the change of lighting conditions, full of high-grade feeling. In terms of battery life, the owner chose a 100-degree battery with satisfactory energy consumption, which has been able to meet the round-trip demand of radiating surrounding cities. These word-of-mouth have proved the outstanding performance of Zhiji LS7 model, and I believe it will become the first choice of more consumers.

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