分类： fgsdghft

　　　　Since the beginning of this year, only three of the 121 stock funds have outperformed the Shanghai and Shenzhen 300 Index. In the past year (from September 18, 2006 to September 17, 2007), only two stock funds have outperformed the Shanghai and Shenzhen 300 Index.

　　　　"Is the Shanghai and Shenzhen 300 really hard to beat?" According to insiders of fund companies, recently, a group of fund managers discussed this "strange phenomenon" with great anxiety at the party.

　　　　Funds can’t outrun the Shanghai and Shenzhen 300.

　　　　In the past year, only two equity funds, Huaxia Market Selection and China Post Entrepreneurship Core Optimization, outperformed the Shanghai and Shenzhen 300 Index, rising by 309.87% and 309.48% respectively. In the same period, the Shanghai and Shenzhen 300 Index rose by 303.64%, while the Shanghai Composite Index rose by 215%.

　　　　From the beginning of this year to September 17th, only three equity funds outperformed the Shanghai and Shenzhen 300 Index, namely, China Market Select (up 205.31%), China Post Core Preferred (up 193.90%) and Everbright Prudential Bonus (up 166.67%). In the same period, the Shanghai and Shenzhen 300 Index rose from 2,041.05 points to 5,498.91 points, with an increase of 169.42%, while the Shanghai Composite Index rose by 102.63%.

　　　　Observing the awkward positions of these three funds, we can find that as of June 30, the second largest awkward position in China’s market selection was *ST Guangsha. At the end of 2006, *ST Guangsha had not yet entered the fund portfolio, but by the mid-2007, the position of Huaxia Market had rapidly increased to 10,699,400 shares, which was just the middle of the big band in which *ST Guangsha rose from 6 yuan to 15 yuan.

　　　　From *ST Guangsha, baoshan iron & steel, China Southern Airlines and China Storage Co., Ltd. to Taiyuan Heavy Industry Co., Ltd., China’s market selection is neither greedy nor urgent, and only eats the middle paragraph of the market. The most typical one is Taiyuan Heavy Industry, which opened a position near 6 yuan around June 2006, and got away with it when it rose to 9 yuan.

　　　　The optimization of China Post’s entrepreneurial core and the dividend of China Everbright Prudential are typical inverted pyramid operations. In the first half of this year, China Post’s entrepreneurial core gradually increased its position in CONCH and completely ate the stock’s market from 28 yuan to 60 yuan.

　　　　Is underperforming the broader market due to the high performance benchmark?

　　　　Faced with the embarrassment that the whole fund industry has underperformed the broader market, are fund managers really exhausted in Jiang Lang?

　　　　"In fact, on the whole, the performance of the fund sector is still above average. The reason why it underperformed the broader market is mainly because the performance appraisal benchmark is too high." Zhou Liang, research manager of Lipper China, told the Financial Weekly reporter that if the performance of the Shanghai Composite Index is compared, the performance of most equity funds is beyond the broader market.

　　　　From the beginning of this year to September 17th, the Shanghai Composite Index rose from 2,675.47 points to 5,421.39 points, an increase of 102.63%. In the same period, data from Galaxy Securities showed that 78 of the 121 equity funds had a net growth rate that exceeded that of the Shanghai Composite Index. All 16 index funds outperformed the Shanghai Composite Index, ranking first among all types of funds with an average net growth rate of 139.32%. Of the 57 partial stock funds, 31 were up to standard, with an average growth rate of 114.14%.

　　　　But if calculated by Shenzhen Component Index, the confidence of fund managers will be gone. Statistics show that since the beginning of this year, the Shenzhen Component Index has risen from 6,647.14 points to 18,499.38 points, an increase of 178%. During this period, among the equity funds, only two funds, selected by Huaxia Market and optimized by China Post, reached the standard, and only E Fund SZSE 100TEF exceeded this level. The hybrid fund is completely annihilated, and its performance is lower than this level, whether it is partial stock, balanced or partial debt.

　　　　Zhou Liang believes that since the beginning of this year, the sudden emergence of Shenzhen market has boosted the growth rate of the whole A-share market. However, for the sake of controlling risks, fund companies have not increased their positions in Shenzhen, making their performance weaker than that of the Shanghai and Shenzhen 300 Index, which combines the performance of Shenzhen and Shanghai markets.

　　　　Institutional game competition upgrade

　　　　"If we must find the reason from the performance of the fund, the intensified competition in the A-share market may be an important reason." Zhou Liang told reporters that during the bear market from 2002 to 2004, the net value shrinkage rate of most funds was less than the decline of the stock index, and some funds even made small profits during this period by tapping the "five golden flowers" and "blue chip concept".

　　　　"In the bear market, the net shrinkage rate is less than the performance benchmark, which is also considered to outperform the market. However, it is increasingly difficult to ask the fund to surpass the market now, because the investor structure of A shares has undergone fundamental changes. " Zhou Liang said.

　　　　According to the data of Galaxy Securities, as of June 30, 2007, the net assets of 347 funds in the A-share market totaled 1,799.073 billion yuan, of which the net assets of stock-oriented funds reached 1,671.120 billion yuan, accounting for 31.25% of the circulating market value of Shanghai and Shenzhen A-shares.

　　　　Zhou Liang believes that before 2005, fund assets accounted for a relatively small proportion of the circulating market value of A-shares, and the main competitors of funds were retail investors. However, with the extraordinary growth of fund scale in recent two years, it has evolved into a game between funds. As a result, it is becoming more and more difficult to beat the market.

　　　　Reduce the shareholding ratio under the fear of high valuation

　　　　"You know it’s a dangerous game, but you have to play it." Not long ago, the investment director of a joint venture fund company privately commented on the current A-share market.

　　　　"Take China Aluminum as an example, its stock market value has exceeded 700 billion yuan, which is equivalent to 90 billion US dollars, which is 3.3 times that of Alcoa, the largest aluminum company in the world. "Alcoa’s average P/E ratio is about 11 times, and Chinalco’s P/E ratio is already 50 times. I don’t know which valuation method can support such a price." The person said.

　　　　It will be a long-term trend for savings to "move" to the stock market through funds. This forced fund managers with huge sums of money to "wander around" in all sectors of the stock market, and at the same time promoted this sector to become a "valuation highland", it also made that sector a "value depression", and so on, gradually raising the value center of the whole market.

　　　　"It’s like wearing three shirts in turn. There is always one that is relatively clean, but the shirt will be washed sooner or later." A fund manager of a company headquartered in Beijing Financial Street told reporters that although the reason told him that the overall valuation of the A-share market was high, he had to look for the so-called "value depression" due to performance pressure.

　　　　The fund manager believes that fearing the high P/E ratio of A shares and reducing the shareholding ratio is also a reason why some funds failed to outperform the Shanghai and Shenzhen 300.

　　　　Retail investors or trigger chain redemption

　　　　Zhang Hongji, general manager of Linfen Jiuxin Investment, believes that the same investment philosophy and the investment model derived from it have led to the increasingly serious phenomenon of similar fund positions. Once the stock market turns and fund investors redeem it on a large scale, the fund industry is in danger of breaking the capital chain.

　　　　"Now that the market has risen to 5,400 points, and the increase has exceeded 400% in two years, it is necessary for investors to properly consider the risks caused by adjustment." Zhang Hongji believes that the retail of fund investors may trigger an unexpected chain reaction in the stock market.

　　　　At present, fund positions have accounted for more than 30% of the total market value of A-shares. The redemption of a fund is very likely to lead to the decline of a stock, which in turn will cause the loss of the net value of other funds and trigger a larger redemption.

　　　　The European fable that a nail destroys a country is likely to be a portrayal of the future of the A-share market, Zhang Hongji believes.

　　　　Zhou Liang suggested that "investors with very high risk requirements can consider playing new funds and bond funds." (Reporter Xiao Yang)

Editor: Zhao Xuanxuan

BMW’s best-selling luxury car, the 5 Series, has finally been replaced, and this time BMW rarely chose to launch both oil and electricity at the same time.

On November 17th, BMW’s eighth generation BMW 5 Series was officially unveiled at Guangzhou Auto Show, including the world’s first BMW 5 Series long wheelbase version and pure electric model i5.

The 5 Series is one of the few luxury cars in the global market with a production capacity of more than 10 million vehicles, and has long held the top position in the luxury car market in China.

Since entering the China market, the sales volume of the 5 Series has exceeded 2 million, and the seventh-generation 5 Series has sold 530,000 vehicles in the past three years.

Gao Xiang, President and CEO of BMW Group Greater China, praised the BMW 5 Series as "the most successful model of BMW Group in China" in Chinese at the Guangzhou Auto Show.

Leifeng. com’s "New Smart Drive" understands that BMW attaches great importance to the release of the new 5 Series this time, because it is not only related to BMW’s re-declaration of its market position in domestic medium and large luxury cars, but also the key battle for BMW to define pure electric luxury cars.

How do traditional luxury brands, led by BMW, choose between "replacement" products?

Family-style design is not a simple doll, but a "fine decoration" on the premise of retaining recognizable elements.

On the eighth generation BMW 5 Series, you can see BMW’s most recognizable kidney grille, angel eye headlights and Hough’s corner.

However, the kidney grille on the front face of BMW’s new 5 Series is wider and almost vertical than the previous generation, and the design of angel eye headlights is also simpler. At the corner of Huo’s corner, BMW also designed a bright logo with the number "5", which will also produce a blue breathing effect when charging the pure electric model i5.

In terms of body size, the eighth generation BMW 5 Series is divided into standard wheelbase version and long wheelbase version. Among them, the long-wheelbase version has a car length of 5175mm and a wheelbase of 3105mm, which is the ceiling of similar models.

In terms of interior, BMW has delegated many configurations unique to the flagship 7 Series to the 5 Series, such as the embracing interactive light strip in the car, the two-row suspended giant screen and the crystal-textured components.

When domestic car companies roll refrigerators, color TVs and big sofas, the domestic long-wheelbase version of the new 5 Series directly upgraded the "color TV" to a "cinema", equipped with a 31-inch, 8K resolution floating giant screen of the same model as the 7 Series.

It is worth mentioning that this configuration of suspended giant screen was specially customized by BMW for users in China, and it was not installed on the overseas version of the 5 Series.

In terms of intelligence, BBA was often complained by consumers that its ability was far less than that of domestic independent brands. However, this time BMW officially got on the L2+ intelligent driver assistance system on the new 5 Series, and introduced an automatic lane change function with line-of-sight confirmation.

This function is based on capturing the driver’s eyes and head movements. When the lane change conditions are met, the driver only needs to look at the left/right rearview mirror to realize the lane change in the corresponding direction.

Of course, there are restrictions on driving range and speed, and the restrictions must be met on high-speed and closed roads, and the driving speed is 60 km/h and 180 km/h.

BMW team members told Leifeng. com’s "New Smart Driving" that the styles of intelligent assisted driving systems of different car companies may be different, some emphasizing convenience and some emphasizing safety. In contrast, BMW’s style is really conservative, because in their eyes, "safety" has a higher priority.

It is reported that BMW China’s R&D team is carrying out localization research and development of L3-class autonomous driving, and the new 5-Series long wheelbase version actually has L3 capability in technology.

In addition to the improvement in appearance, interior and intelligence, the biggest highlight of this generation of 5 Series is the introduction of both fuel and pure electric vehicles in the China market.

The fuel version of BMW 5 Series is equipped with an in-line four-cylinder turbocharged engine and adopts 48V light mixing technology, with a maximum power of 190 kW and a peak torque of 400 Nm, which makes this model have a stronger and more efficient power output.

Pure electric vehicle-BMW i5 adopts the fifth-generation BMW eDrive electric drive technology and BMW’s latest charging technology, and its long wheelbase version has a cruising range of more than 700 kilometers.

In terms of handling experience, speeding up faster than fuel vehicles has always been one of the skills of electric vehicles.

In order to enable drivers to have the driving experience of a sports car while driving a medium and large car, BMW introduced the M model (the highest-end performance model in BMW) into the pure electric i5 for the first time. Press the Sport Boost button and step on the accelerator, and the output torque of the dual motors can reach 820 Nm, achieving zero acceleration in 3.8 seconds.

Although this model is not the best in the industry, it is the first among the products sold by BMW.

Abandoning fuel vehicles and all in pure electricity is not only a matter of cutting off the left hand or the right hand, whether for high-end brands like BMW and Mercedes-Benz or for global brands like Volkswagen and Toyota.

Most car companies choose both fuel and pure electric vehicles, trying to use this product matrix to smoothly transition from the fuel era to the pure electric era.

Of the BBA three, BMW was the first to choose "self-revolution" and made a military order. In 2021, BMW set a more detailed goal of turning to the pure electric market:

In 2023, 12 pure electric vehicles will be provided in 90% market segments.

It is estimated that by 2025, the annual sales of pure electric vehicles of the Group will be more than 10 times that of 2020.

It is estimated that the delivery of the world’s 2 millionth pure electric vehicle will be completed by the end of 2025.

At the earnings conference call in 2022, Qi Puce, chairman of BMW Group, once again stressed that in 2023, it will go all out to electrify, with the goal of increasing the sales of pure electric vehicles to 15% of the total sales of the Group.

How about BMW’s electric progress bar in China market?

In November, 2022, BMW launched five pure electric vehicles in China: innovative BMW i7, brand-new BMW i3, BMW i4, BMW iX and BMW iX3.

Let’s look at the sales data of a group of BMW pure electric vehicles in China market in 2022: the sales volume of pure electric vehicles in 2022 was 41,886, up 91.6% year-on-year. In the global market, the total sales volume of BMW in 2022 was about 2,399,900 units, of which the sales volume of pure electric vehicles reached about 215,700 units, up by 107.7% year-on-year.

In other words, the China market contributed about 20% of pure electricity sales.

Take BMW’s best-selling entry-level model 3 Series as an example. From January to September, 2023, the domestic sales volume of fuel-powered BMW 3 Series reached 110,258, while that of pure electric BMW i3 reached 35,693. The total sales volume of the two models was 145,951, with i3 accounting for about 24%.

With the success of the i3, it is not difficult to understand BMW’s ambition to make the i5 a benchmark model for all-electric luxury cars in the world.

A person close to BMW said that BMW regards the 3 Series, 7 Series and 5 Series as the main models in China market.

At least in the China market, the 5 Series has occupied the top spot of luxury cars with a price of 400,000-500,000 for a long time.

According to the data of the Association, in 2022, with the annual sales volume of 171,142, BMW 5 Series became the first in the domestic sales list of high-end cars with a price of over 300,000 yuan, and also the first in the domestic market segment of medium and large luxury cars with a price of over 300,000 yuan.

In the fuel vehicle market, the direct competitors of BMW’s new 5 Series are Audi A6 Series and Mercedes-Benz E-Class. In the pure electric vehicle market, only the ET7 of Weilai can be compared with BMW’s new 5 Series.

Before BMW i5 entered the market, ET7 could be said to monopolize the market of more than 400,000 domestic medium and large electric cars.

The price of Weilai ET7 is 458-536,000 yuan. It comes standard with front and rear double motors, with a maximum total power of 653 horsepower and a maximum torque of 850 Nm. The fastest speed increase of zero hundred is only 3.8 seconds. In terms of intelligent hardware, ET7 adopts Qualcomm 8155 chip, and in terms of intelligent driving, it adopts four NVIDIA Orin X chips, finally reaching 1024TOPS.

At present, BMW has not announced the price range of the i5, and it will not have an official price until the model is officially launched in January 2024.

Therefore, at this stage, it is difficult to compare BMW i5 and Weilai ET7 who are more cost-effective, and who is the one who defines the pure electric luxury car.

From the details such as the new 5 Series with long wheelbase, the Chinese character "Five" designed on the front seat and the suspended giant screen specially introduced by BMW for China users, it can be seen that BMW has really made some efforts to compete for the pure tram market segment in China.

Not only that, BMW has also accelerated the laying of charging infrastructure like its own domestic brands.

In August 2023, BMW officially launched the super charging station project. High-power charging piles can support up to 600 kilowatts of charging power, and the network of super charging stations is open to all brands of electric vehicles. Within three months, the network of super charging stations will cover nine major cities including Guangzhou, and it is estimated that about 50 stations will be completed by the end of 2023.

By the end of October 2023, BMW had connected more than 580,000 public charging piles (including 320,000 DC charging piles) across the country, covering more than 320 cities.

Now everything is ready for BMW i5, except for its official listing.

(Leifeng. com(WeChat official account: Leifeng. com)Continue to pay attention to the topics related to self-research and intelligent driving of car companies. Welcome to add the author WeChat WLX_Charlene_0905 and the editor Gru1993.

The original article of Leifeng. com is prohibited from being reproduced without authorization. See the instructions for reprinting for details.

Since the beginning of this year, artificial intelligence has made breakthrough progress, and large models have shown various prosperity; In the industry, artificial intelligence has also begun to go deeper and serve more and more business scenarios.

On the one hand, artificial intelligence technology ushered in an inflection point, from perceptual understanding to content generation, from single mode to multi-mode, from dedicated to universal. On the other hand, the application of artificial intelligence has ushered in a singularity, and it is accelerating to enter the industrial production system. In the next two years, it will go deep into more than 50% of the core scenes of the industry, create trillions of dollars of new value, and gradually become the main engine of digital economic growth.

Industry intelligence is reshaping our times, and the intelligent future is accelerating.

Wang Tao, Managing Director of Huawei, Director of ICT Infrastructure Business Management Committee and President of Enterprise BG, delivered a keynote speech.

Industry intelligence faces four challenges: data, computing power, algorithm and application deployment.

However, the process of industry intelligence is not smooth sailing, and this process faces four challenges: data, computing power, algorithm and application deployment.

First of all, industry data is difficult to collect, transmit and use. Secondly, large-scale model training needs a lot of computing power, and enterprises need flexible computing power supply to meet diverse computing power needs. Thirdly, it is difficult for the basic large model to meet the accuracy requirements of enterprises, and a large number of industry large models and scene large models are needed. Finally, the business processes and business scenarios of enterprises are very complex, and how to deeply integrate AI with enterprise business is a problem that needs to be considered.

The key to speeding up the intelligentization of the industry is to make use of smart data, intelligent calculation and intelligent assignment.

In the face of the above challenges, the key to accelerating the intelligentization of the industry needs to start from three aspects: intelligent knowledge of everything, intelligent calculation of everything, and intelligent empowerment of everything.

First of all, Zhilian Everything, through intelligent perception and connection, realizes extensive collection and efficient transmission of industry data. Industry intelligence is inseparable from data, and the source of data is perception. In the past, the perception system was seven countries and eight systems, and the protocol was not unified, so the data could not be collected, collected incompletely and could not be read. In the era of intelligence, the perception system needs to be upgraded in an all-round way, so as to realize multidimensional ubiquity, open interconnection, intelligent interaction and easy-to-use intelligence.

For example, in order to realize open interconnection, HarmonyOS IOT operating system realizes data collaboration through distributed soft bus, unifies the language of sensing devices, and has the characteristics of super security, easy use and easy maintenance. HarmonyOS is moving towards various industry scenarios, and Huawei has developed "Mine Hong" for mining industry, "Dianhong" for power industry, and IOT operating systems for cities such as HarmonyOS.

Secondly, we can calculate thousands of numbers intelligently, and rely on a powerful computing base to tap the value of industry data, so that it can be varied.

The data should not only be collected completely and well, but also be connected widely and spread quickly, which requires high-quality connection to realize the intelligent connection of everything, ultra-wide flexibility, intelligence and self-control. At the same time, in the network convergence and backbone layer, the 400G/800G metropolitan area network enables enterprises to quickly connect clouds, calculate and combine intelligence, enabling "east counting and west counting", "east counting and west training" and "east counting and west saving".

Huawei’s high-quality 10 Gigabit campus network, with one network bearing the needs of office, production and Internet of Things. Extreme speed AP supports various access modes such as Wi-Fi, Bluetooth and RFID, and seamlessly connects various terminals. Intelligent SD-WAN gateway adopts optimized transport layer protocol, and the bandwidth utilization rate is increased by 8 times under the condition of 1% packet loss rate. At the same time, the end-to-end slicing network guarantees various business experiences; Network AI big model, improve predictive maintenance ability, nip in the bud, and ensure network uninterrupted and production uninterrupted.

Third, give wisdom to all industries, solve the problem that AI is difficult to land in industry scenes, realize the deep integration of various modes and industry scenes, and empower thousands of industries.

Together with its industrial partners, Huawei has jointly built an open and leading AI-based software and hardware platform, built a solid computing base in China and built a second choice for the world.

On the hardware level, based on Shengteng, Huawei and its partners have created a full range of artificial intelligence products such as modules, boards, training and push machines, servers, PoD and clusters, covering the whole scene of "cloud, edge and end". Artificial intelligence has entered the era of big model, and large computing power cluster is becoming the commanding height and core engine of artificial intelligence development.

The big computing cluster here is not a simple server stack, but a continuous breakthrough in key technologies such as computing architecture, ultra-high-speed network interconnection, large-capacity ultra-high-speed storage, and system-level ultra-high reliability.

Atlas 900 SuperCluster, a rising AI computing cluster with a new architecture, was launched.

As artificial intelligence enters the era of big model, big computing power is becoming the core engine of artificial intelligence development. Huawei changed the traditional server stacking mode, created an AI cluster with system architecture innovation, realized the integrated design of computing power, transportation capacity and storage capacity, and broke through the bottleneck of large computing power.

Facing the era of large model with trillions of parameters, Huawei launched ——Atlas 900 SuperCluster, a rising AI computing cluster with a new architecture, which can support large model training with trillions of parameters. According to insiders, it has three advantages.

First of all, it has achieved super-large scale.

Relying on Huawei’s long-term accumulation in the network field, the brand-new Huawei Xinghe AI intelligent computing switch CloudEngine XH16800 is adopted, and with its highest 800GE port capability in the industry, 18,000-card non-convergence cluster networking can be realized only by two-layer switching network.

Secondly, an innovative super-node architecture is adopted.

The cards are interconnected by 800GB high-speed bus to form a super node. Taking an 8-cabinet super node as an example, it can realize unified addressing of 544TB memory and unified scheduling of 200P FP16 computing resources. The whole cabinet adopts liquid cooling design, which realizes stronger computing power with smaller volume, and one cabinet tops two cabinets.

Thirdly, the system-level ultra-high reliability is realized.

Based on Huawei’s years of accumulation in computing, network, storage, energy and other fields, we will give full play to the comprehensive advantages at the system level, build an ultra-high and reliable training cluster, improve the reliability by 10 times, and improve the stability of large-scale model training from the sky level to the month level.

In addition, hardware enabling is the key to release large computing power, and it is also the basis of large-scale model development. In order to accelerate the innovation of big models, Huawei has released a more open and easy-to-use CANN7.0, which is not only fully compatible with the industry’s AI framework, acceleration library and mainstream big models, but also deeply open the underlying capabilities, so that the AI framework and acceleration library can directly call and manage computing resources, so that developers can customize high-performance operators and make big models have differentiated competitiveness.

Facing the development of Transformer network model, Huawei upgraded Ascend C programming language, simplified the logic of operator implementation with a more efficient programming method, shortened the development cycle of fusion operator from 2 person-months to 2 person-weeks, and enabled the rapid development of AI models and applications.

Work with customers and partners to release intelligent solutions for nine industries.

Aiming at the pain points of demand and doing practical things is not only the spirit of hard work that the whole society needs most, but also the purpose of Huawei’s digital and intelligent transformation of the industry.

In the past three years, Huawei has set up an industry corps to go deep into the industry and scenes, shorten the management chain vertically, and better respond to customers’ intelligent needs; Quickly integrate R&D resources horizontally and fully support the intelligent transformation of thousands of industries. At present, Huawei has built more than 200 intelligent solutions for more than 20 industries, such as cities, finance, transportation and manufacturing, and has been applied in a series of intelligent projects.

Based on the latest industry intelligent reference architecture, Huawei has jointly released intelligent solutions for nine industries, including finance, government affairs, manufacturing, electric power and railway. In the future, Huawei will continue to work with partners to create more industry solutions and promote the deep integration of AI and industry scenarios.

Launch the white paper "Accelerating Industry Intelligence"

Combined with the practice with a large number of customers and partners and the prospect of smart world 2030, Huawei also officially released the white paper "Accelerating Industry Intelligence".

The white paper proposes that artificial intelligence has become the core kinetic energy to promote social development and change, and is serving more and more industry scenarios and helping the industry upgrade. In order to better promote the innovative application of artificial intelligence, Industry-University-Research needs multi-party participation and collaboration, capacity co-construction and ecological co-creation, and under the premise of grasping the intelligent development trend of the industry, it will continue to pursue technological innovation, focus on engineering practice, and promote the AI application to go deep into reality, so that it can be varied and empowered.

The white paper has been recommended by many academicians, which embodies the experience and wisdom of all parties. It not only includes the development trend and latest trends of artificial intelligence, the application exploration of artificial intelligence in 63 scenarios in 16 industries, but also selects intelligent innovation practices in 18 industries, hoping to provide more specific help and reference for the implementation and landing of intelligent transformation in thousands of industries.

Intelligentization has opened a new chapter. Facing the opportunities and challenges of the intelligent age, let’s forge ahead hand in hand and build a solid computing base together, so that we can go deep into the scene in various ways, empower thousands of industries and accelerate the intelligence of the industry!

[This article is a speech by Wang Tao, managing director of Huawei, director of ICT infrastructure business management committee and president of enterprise BG, at the keynote of Huawei Connect 2023 on September 20th, 2023.]

Editor: Xu Yong

After the implementation of the latest foreign brand restriction policy in Shanghai, many former foreign brand owners have set their sights on the new energy vehicle market. Among many automobile brands, BYD has always been the first choice for many consumers, especially the newly launched Han, which can be seen everywhere in Shanghai, even in the suburbs. Therefore, taking this opportunity to come to BYD 4S store, let’s take a look at why this popular car can sell so well, and finally bring you its purchase recommendation.

When I arrived at BYD 4S store in the morning, I could see a row of test cars parked there quietly next to the door, including two in BYD Han, namely Han EV (parameter picture) and Han DM. The current sales volume of this car can be seen. Oh, by the way, through this picture, the difference between the two versions, the red one without grille is EV, and the gray one with air intake grille next to it is DM, which is very simple to distinguish.

Compared with the whole BYD family, Han’s style can also be described as unique. After the slender headlights are connected with the chrome-plated decoration in the middle, they look elegant and sporty with the pressed front. However, I don’t think the gray version of the exhibition hall looks as good as red.

If you don’t talk about the body parameters, I think you can guess the level of this car by the slender size of the side. Yes, Han’s positioning is a medium and large car. Its car length has reached 4980mm, and its wheelbase has reached 2920 mm. In addition, the use of hidden door handles also conforms to the image that a pure electric vehicle should have. The ubiquitous chrome-plated material makes the car side exquisite as well.

In addition, it should be noted that the C-pillar of the ultra-long battery life version (two-wheel drive) of Han EV is different from that of the four-wheel drive high-performance version. The former is decorated with bright black, while the latter is decorated with metal, so this EV in the exhibition hall is a four-wheel drive high-performance version.

The shape of the rear also continues the simple design style of the front, and the use of penetrating taillights just fits the front face. In addition, BYD’s most signature dragon claw taillights are also reserved, but in contrast, the whole tail is more calm than the front face.

Entering the car, the interior of Han EV still continues BYD’s consistent impression of science and technology. At the same time, as a medium and large car, thanks to the use of large leather and wood grain decoration, the luxury is equally strong, which also gives this Han EV a more mature and stable impression than other models in the family.

Of course, the softer padding and the excellent shoulder support of the front seat make the seat of Han EV conform to the performance of a medium and large car.

After excluding the seats, there is no doubt about the performance of the rear space brought by the positioning of medium and large cars. In addition, an LCD control panel is provided for the rear passengers behind the central armrest, and the whole system supports the configuration of independent air conditioning in the rear, which can be said to be a combination of technology and practicality. It should be noted that Han EV also comes standard with co-pilot boss key.

As for the trunk space, the trunk space is basically the same as that of an ordinary fuel vehicle because the power batteries of the vehicle are placed below.

On the power level, the total motor power of Han EV is 163kW and 363kW respectively, the total motor torque is 330N·m and 680N·m, the battery energy is 76.9kWh, and the cruising range is 605km and 550km respectively. Among them, the acceleration time of the latter is only 3.9s seconds. As for Han DM, it is equipped with a 2.0T engine with a maximum power of 141kW and a peak torque of 320 N m. The total power of the matched motor is 180kW and the total torque is 330 N m. The official acceleration time of zero hundred kilometers is only 4.7s s.

As for the preferential policy of this car, according to the sales introduction, there is no preferential policy for the whole series of Han, but there is a five-year interest-free loan policy, and the store has an existing car. In addition, because Shanghai has just launched a new policy on new energy vehicles, the most influential ones are plug-in hybrid and extended-range models. Therefore, after the release of the policy, Han DM has seen a lot of people.

Of the five models, which one is more worth buying?

BYD Han has five models to choose from, including two for DM and three for EV, so we recommend them separately.

First of all, there are two DM versions, and we recommend the entry-level model with a guide price of 219,800 yuan, which is the luxury model with four-wheel drive performance. In terms of configuration, compared with the four-wheel drive performance version with a guide price of 239,800 yuan, the latter only has more configurations and functions such as leather seats, 4-way height adjustment of the main driver’s seat, 2-way height /4-way waist support of the auxiliary driver’s seat, heating/ventilation of the auxiliary driver’s seat, 11-horn speakers, multi-color interior atmosphere lights, memory/reversing automatic rollover of the external rearview mirror, automatic anti-glare of the internal rearview mirror and independent air conditioning in the rear row. Although the above configuration is worth the price difference, because the configuration of DM itself is high enough, the above additional configuration can not better improve the experience. In the mechanical part, both DM versions are the same. So there is no doubt that DM’s four-wheel drive performance version is a better choice.

Followed by three EV versions, if you like high performance, then directly choose the four-wheel drive high-performance version of the flagship with a guide price of 279,500 yuan. If you have higher requirements for battery life, then choose two long battery life versions. As for these two models, we recommend the entry-level version of EV, that is, the ultra-long endurance luxury model with a guide price of 229,800 yuan. Compared with the super-long endurance version with the guide price of 255,800 yuan, the latter has more parallel assistance, reversing car side early warning system, automatic parking, leather seat, 4-way height adjustment of the main driver’s seat, 2-way height /4-way waist support of the auxiliary driver’s seat, heating/ventilation of the auxiliary driver’s seat, electric seat memory of the driver’s seat, 220V/230V power supply and 11 speakers. Their configuration differences are similar to those of the two DM versions, so the entry version is still the most worth buying.

Write it at the end

To say how hot BYD is, I think the scene where the exhibition hall is full of consumers in the afternoon can prove everything, and the Han series is the representative of it. Super-high face value, spacious space, and full of scientific and technological interior and configuration. Of course, more importantly, it also has DM and EV for consumers with different needs to choose from. It is no wonder that it can be seen everywhere in Shanghai at present.

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Recently, it has been learned from relevant channels that Geely Xingyue L has added a 2.0TD high-power +8AT two-wheel drive flagship model for consumers to choose from. The official guide price of this car is 168,200 yuan. The biggest highlight of this car is the only two-wheel drive model equipped with 8AT gearbox in the family. What exactly is the specific performance of this car? Let’s find out.

appearance design

First of all, in terms of appearance, because it is a new model, the appearance has not changed much. The front face adopts a polygonal air intake grille with a relatively large area, and the interior is blackened and decorated with many straight waterfall structures, which enhances the exquisiteness of the front face. The headlights on both sides are sharp and give people a good visual impact. On the side of the car body, the through waistline design looks slender. Below is equipped with a more personalized wheel hub, which enhances the sporty atmosphere on the side of the car body. In terms of car body size, the length, width and height of the new car are 4,770 mm, 1,895 mm and 1,689 mm respectively, and the wheelbase is 2,845 mm. At the rear of the car body, the design of the whole rear of the car body is relatively full. The taillights are designed in a popular penetrating style, and the interior is blackened. After lighting at night, the recognition is very high, and the exhaust pipe is adopted.

Interior layout

In terms of interior, the first thing that catches your eye is that the whole interior adopts two-color matching, which gives people a bright feeling and enhances the sense of grade of the whole interior. In addition to the steering wheel equipped with three-position multi-function configuration, it is also equipped with a 12.3-inch full LCD instrument, a 12.3-inch central control screen and a 12.3-inch co-pilot entertainment screen, which embellishes the due sense of science and technology. In other configurations, there are practical functional configurations such as 72-color interior atmosphere lights, 540-degree panoramic images, active braking, tire pressure display, main driver’s seat memory, full-speed adaptive cruise, lane keeping assistance, lane departure warning, etc.

Power aspect

In terms of power, this car will be equipped with a 2.0TD high-power engine with a maximum power of 238 HP and a peak torque of 350 Nm. In terms of transmission system, it is matched with an 8AT gearbox.

Summary: Generally speaking, the overall performance of this car is good, with a high-value appearance, full of interior technology, space that can fully meet daily use, and excellent power. I look forward to its later sales performance.