Dongfeng Yipai eπ 008 is officially launched, and the range extension and pure electric models are sold at the same price

On June 14, Dongfeng Yipai’s second blockbuster model, the family intelligent large SUV – eπ 008, was officially launched and delivered. The new car launched extended range and pure electric models, and the same price starts at 216,600 yuan.

In addition, the official also launched a limited-time preferential car purchase gift, before June 30 can enjoy the high value of 28,000 yuan expansion gift and first enjoy the gift of cash reduction and other car purchase rights, limited-time to hand car price 188,600 yuan.

According to the official introduction, as an important part of Dongfeng Motor’s "three-year action plan for transformation and upgrading", the eπ 008 is equipped with a number of key core technologies such as Dongfeng Quantum Architecture, Mach Power, and SOA Intelligent Cockpit.

Picture 1

At the product level, the e π 008 is positioned as a home smart large SUV, with a wide front face and digital drill front penetration lights. The rear of the car also adopts a penetration light group, which echoes the end and end. The side design is flowing, and the wind resistance coefficient can be achieved by 0.268. In addition, the new car also has a ritual design such as a hidden smart starlight grille and a D-pillar digital rhythm charging indicator light.

Entering the interior, the eπ 008 is a large SUV that can bring comfort to the whole family. It has a 5-meter length, a 3-meter wheelbase, and a real three-row six-seat layout. The front seats of the eπ 008 are equipped with electric adjustment and ventilation heating as standard, and the main driver’s seat is also equipped with position memory, electric waist support and other intimate functions.

Figure 2

The car has a 180mm ultra-wide rear aisle, allowing passengers to easily enter and exit two or three rows. The second row is a business class-style two-seat design, both of which support electric adjustment and ventilation heating. The right side provides zero-gravity seats, one-button lying flat, and 8-point massage and other comfortable experiences. In addition, the center of the second row is equipped with a dual-purpose electric sliding refrigerator, which supports voice and touch electric sliding.

In terms of smart cockpit, the new car is based on Dongfeng’s self-developed SOA smart cockpit, which can support one-click switching between nap mode, movie viewing mode, etc., and can also customize scene mode. The eπ 008 is equipped with a 15.6-inch smart rear entertainment screen, which can realize functions such as wireless screen projection and one-click fly screen.

In terms of intelligent driving, the Eπ 008 comes standard with 20 intelligent driver assistance functions, and also provides high-speed NOA pilot assistance, 400-meter over-the-horizon memory parking and other high-level intelligent driving functions.

In terms of power system, the new car provides both pure electric and range extension power. The efficiency of the Mach electric drive assembly is as high as 94.5%, the comprehensive energy consumption of the CLTC is as low as 14.7kwh/100km, and the battery life of the pure electric model CLTC reaches 636km. The range extension model is equipped with a new Dongfeng Mach super range extension system and a smart range extension digital twin platform, and adopts a 1.5T range extension special engine with a thermal efficiency of up to 45.18%.

Figure 4

It is worth noting that the application ratio of high-strength steel in the safety layer of the eπ 008 is as high as 70.8%, and the key crew compartment areas are all made of 1500MPa ultra-high-strength steel plates. In addition, the eπ 008 series is equipped with 6 airbags as standard, and the side air curtain spans three rows. The power battery is a Mach battery. The official introduction said, "not afraid of poking, not afraid of squeezing, not afraid of bubbles, not afraid of falling, not afraid of shaking, and using cloud BMS full life cycle health management, it can realize" OurHours domain "thermal runaway monitoring."

It is understood that, as the core of the "Dongfeng Fengqi" strategy, Dongfeng Yipai has completed the layout of nearly 300 outlets nationwide in the past seven months with the full support of Dongfeng Motor. According to the official introduction, Dongfeng Yipai will continue to explore more possibilities for connecting with users with more advanced technology, better products, more comprehensive services, and better market performance.

Test drive the all-new Audi Q5L: adding more than just the wheelbase


The new Audi Q5L has attracted much attention. Photo by Sun Xiaomeng, a reporter from Beijing News

  ■ Car reading test drive

  

  Starting from the Q7, Audi began to use the design of the new generation of models. On July 6, Beijing News reporters participated in the new Audi Q5L media test drive event held by FAW-Volkswagen Audi in Guizhou. The new Audi Q5L after this "lengthened" has become full and mature in visual effect through the improvement of the front details. The larger hexagonal middle net and the complex and eye-catching headlight design all show the unique design language of Audi models, and the longer wheelbase enhances its market competitiveness.

  The wheelbase is lengthened and the space is increased.

  The new generation of Audi Q5L still has obvious Audi Q-series genes in its exterior design, with a large 3D aluminum intake grille and intelligent matrix headlights, expressing the Audi family’s expertise in technology.

  The new car also lengthens the wheelbase by 88mm to 2908mm, and the lengthened part is concentrated in the rear row space, which has certain advantages in the same class.

  In the rear part, the new Q5L is familiar with the previous generation of models, especially the outline of the taillights and the "clam shell" overall hatchback tailgate that continues to be used. The Beijing News reporter noticed that the "exhaust" under the bumper of the new car is only decorative, and the real double exhaust port is located on the underside of the bumper. This has become a common feature of many Audi models, and even the SQ5 has not been spared the "fake exhaust".

  In-car technology configuration improvement

  The interior texture of the new Q5L has improved. The center console shape is not fancy, simple and practical, and the technology configuration in the car has been improved synchronously.

  During the test drive, the Beijing News reporter noticed that the Q5L is equipped with a 12.3-inch full-LCD instrument and the latest MMI multimedia system with an 8.3-inch central control screen, which can provide LTE 4G network, Wi-Fi network hotspot functions, and more.

  In the high-end model, the Q5L also has more features to enhance the sense of luxury, such as the Danish Bang & Olufsen sound system, HUD head-up display system, and automatic parking.

  Fast dynamic response

  The new Q5L is equipped with the same power unit as the new A4L, namely two different power-tuned 2.0T turbocharged engines. The maximum output of the 40 TFSI model is 140 kW, and the maximum output of the 45 TFSI model is 185 kW.

  The new car is equipped with a 7-speed dual-clutch transmission code-named DL382, replacing the 8-speed automatic transmission of the old model. It is worth noting that the new car is equipped with a new quattro ultra four-wheel drive system, which eliminates the central Torson differential on the old model and replaces it with an electronically controlled multi-disc clutch. This change changes the all-wheel drive of the new Audi Q5L to a timely four-wheel drive dominated by the previous drive.

  No matter what mode, when the reporter of the Beijing News stepped on the accelerator deeply, he could feel that its power output was very strong. If it was not for the pursuit of "speed and passion", the power would definitely be sufficient.

  Sun Xiaomeng, reporter of Beijing News

Suzhou Jaguar F-TYPE price reduction news, the latest offer 522,000! The discount waits for no one

Welcome to [Autohome Suzhou Promotions Channel] to bring you the latest promotions. Currently, this luxury sports car is going through unprecedented promotions, and car buyers in Suzhou are fortunate to enjoy up to 153,000 cash discounts. The starting price has been reduced to an attractive 522,000, which is a great opportunity not to be missed. To seize this great opportunity for price reduction, click on the quotation form below to make a detailed model configuration query and perform the "Check Car Price" operation to ensure that you can get the highest level of car purchase discounts. Don’t hesitate, Jaguar F-TYPE is waiting for your favor!

苏州捷豹F-TYPE降价消息,最新报价52.2万!优惠不等人

With its unique design and streamlined appearance, the Jaguar F-TYPE exudes a strong sporty atmosphere. The front face features Jaguar’s signature leopard eye headlights and chrome-decorated air intake grille, like a beast ready to go. The body has smooth lines and full curves, giving a feeling of energy and elegance. The overall style blends classic and modern, showing the unique aesthetic style of the F-TYPE.

苏州捷豹F-TYPE降价消息,最新报价52.2万!优惠不等人

The Jaguar F-TYPE has a unique sporty aesthetic with its elegant side lines. The body size is 4470mm*1923mm*1308mm, and the compact wheelbase is 2622mm, which makes the overall proportions harmonious and powerful. The front wheels are equipped with 255/35 R20-size tires, and the rear wheels are equipped with larger 295/30 R20 tires, which not only enhances the grip, but also highlights its high-performance side. The combination of these tires and rims not only adds dynamism to the F-TYPE, but also ensures the driver’s handling confidence.

苏州捷豹F-TYPE降价消息,最新报价52.2万!优惠不等人

The interior design of the Jaguar F-TYPE reflects the perfect blend of luxury and sports. It is made of exquisite leather to create a strong driving atmosphere. The steering wheel is wrapped in leather to provide an excellent grip, and is equipped with electric up and down + front and rear adjustment functions to meet the driver’s personalized sitting needs. The 10-inch central control screen is equipped with advanced multimedia system and navigation functions, as well as automatic speech recognition control, which is convenient for the driver to operate and obtain information.

In terms of seats, the Jaguar F-TYPE offers comfortable leather seats that support front and rear adjustment, backrest adjustment, height adjustment and waist support to ensure passenger comfort over long distances. The front seats are also equipped with heating and ventilation functions, and the passenger seat also has an electric seat memory function, reflecting the careful care of passengers. Whether it is the details of the craftsmanship or the practical configuration, it shows the high quality and user-friendly design of the F-TYPE interior.

苏州捷豹F-TYPE降价消息,最新报价52.2万!优惠不等人

The Jaguar F-TYPE is equipped with a 2.0T turbocharged engine with a maximum power of 221 kW and a torque output of 400 Nm, providing powerful power performance. This engine is matched with an 8-speed automatic transmission, ensuring a smooth driving experience and efficient energy conversion.

In the price reduction promotion of this classic sports car of Jaguar F-TYPE, we sincerely invite every performance seeker to seize this rare opportunity. Jaguar has always adhered to the persistent pursuit of excellent craftsmanship, and F-TYPE is the perfect embodiment of this spirit. Now, through our preferential measures, you can not only experience the unique driving pleasure of F-TYPE, but also enjoy the luxury and speed within the budget. This is not only a smart choice for a car purchase, but also a release of driving passion. Jaguar F-TYPE, waiting for your test drive and ownership, let us start an exciting driving journey together. Hurry up and let your dreams come true!

Shijiazhuang area Beijing BJ60 price reduction hit, the highest discount 30,000! Limited time special offer

On the Autohome Shijiazhuang Promotion Channel, we bring you the latest and very attractive news! Currently, the high-profile models are undergoing an unprecedented promotion in the Shijiazhuang area. Car buyers can enjoy a cash concession of up to 30,000 yuan, making the market price of this hardcore off-road SUV more competitive. The starting price has been reduced to 209,800 yuan, so this discount is definitely an opportunity not to be missed for consumers who are interested in buying. To seize this car purchase opportunity, click "Check the car price" in the quotation form, you can learn more about the specific discount details and strive for higher preferential treatment. Don’t miss it, act now!

石家庄地区北京BJ60降价来袭,最高优惠3万!限时特惠

The Beijing BJ60 has a unique visual impact with its tough design style. The front face design features a family-style air intake grille, combined with rough lines, giving the vehicle a full off-road atmosphere. Overall, the BJ60 combines classic and modern elements, presenting an appearance that is both powerful and sophisticated, fully demonstrating Beijing Automotive’s unique insights into SUV design.

石家庄地区北京BJ60降价来袭,最高优惠3万!限时特惠

Beijing BJ60 shows a unique side charm with elegant body proportions. Its body size is 5040 * 1955 * 1925mm and the wheelbase is up to 2820mm, which makes the vehicle have a stable riding space and good dynamic balance. The front and rear wheel tracks are 1620mm and 1640mm respectively, which strengthens the stability of the body. The tire specification is 265/65 R18, which not only provides a comfortable driving experience, but also cleverly blends with the body lines to create a harmonious unity of power and aesthetics. The wheel style design cleverly reinforces the off-road image of BJ60, and the overall side lines are smooth and powerful.

石家庄地区北京BJ60降价来袭,最高优惠3万!限时特惠

The interior design of the Beijing BJ60 demonstrates the coexistence of luxury and functionality. The cockpit features a high-end leather-wrapped steering wheel, which provides a good grip and ergonomic design, and supports manual up, down, and front and rear adjustments. The center console is equipped with a large 12.8-inch touch screen, integrated with automatic speech recognition control system, which is convenient to operate and has a clear interface. As for the seat, the main driver’s seat supports multi-directional adjustment, including front and rear, backrest, height, leg rest and waist support, as well as heating, ventilation and massage functions to create a comfortable riding environment. The passenger seat can also be adjusted in multiple directions, and the driver’s seat has a power seat memory function. For the convenience of passengers, the front row provides USB and Type-C ports, as well as wireless charging for mobile phones, and the rear seats support proportional reclining, providing full space flexibility.

石家庄地区北京BJ60降价来袭,最高优惠3万!限时特惠

The Beijing BJ60 is equipped with a powerful 2.0T engine with a maximum power of 120 kilowatts and a peak torque of 400 Nm, providing solid power support for the vehicle. The engine is an L4 layout with 163 horsepower and an 8-speed automatic transmission to ensure smoothness and flexibility during driving.

In the Autohome owner’s sharing, we can see his deep love for the BJ60, believing that it is not just a means of transportation, but a partner who can accompany him through countless days and nights. He emphasized the spaciousness of the space, the domineering appearance, and the outstanding quality of the BJ60 that most satisfied him. This reputation undoubtedly provides valuable reference for potential consumers, making the Beijing BJ60 unique among many options and a car that is trustworthy and meets individual needs.

Huaihua Volvo XC90 is being discounted, the latest offer 472,000! Sufficient car

Good news for the majority of car enthusiasts at Autohome Huaihua Promotional Channel. At present, the high-profile models are going through a very strong promotion. Consumers in Huaihua area are blessed, because this luxury SUV is offering attractive discounts of up to 174,900, and the minimum starting price has been reduced to 472,000. If you are interested in this model, don’t miss this rare opportunity. Click "Check the car price" in the quotation form, and you will have the opportunity to get a more affordable price. Hurry up and seize this attractive car buying opportunity!

怀化沃尔沃XC90正在优惠,最新报价47.2万!现车充足

With its distinctive Nordic design, the Volvo XC90 exudes a high sense of luxury and power. The front design features the iconic Quake LED headlights, paired with a straight waterfall air intake grille, showing a strong family identity. The overall body lines are smooth, outlining a low-key and elegant sense of movement. Whether it is the detail carving or the overall proportion, it shows Volvo’s pursuit of luxury and refinement.

怀化沃尔沃XC90正在优惠,最新报价47.2万!现车充足

The Volvo XC90 is luxurious in its outstanding body proportions. The body size is 4953mm*1958mm*1778mm, and the wheelbase reaches 2984mm, giving a spacious interior space. Its side lines are sleek and dynamic, emphasizing the balance of power and elegance. The tire size is 275/45 R20, and it is matched with exquisite wheels, which not only enhances the driving performance, but also adds to the visual impact of the vehicle.

怀化沃尔沃XC90正在优惠,最新报价47.2万!现车充足

The interior of the Volvo XC90 shows the perfect combination of luxury and sophistication. The steering wheel is made of excellent leather material, which not only feels delicate to the touch, but also supports manual up, down and back adjustment to meet the different needs of the driver. The 9-inch central control screen stands in the center of the dashboard, equipped with an advanced automatic speech recognition control system, which can easily control multimedia, navigation and telephone, and connect USB and Type-C interfaces to ensure the entertainment and convenience of passengers.

In terms of seats, the XC90 is wrapped in high-end leather, providing front and rear adjustment, backrest adjustment, high and low adjustment and waist support for a comfortable ride experience for passengers. The main driver’s seat also has an additional power seat memory function, which is tailored for the driver to sit comfortably. The rear seats support proportional reclining, providing flexible loading space. The overall interior design combines practicality and luxury, fully reflecting Volvo’s insistence on quality and detail.

怀化沃尔沃XC90正在优惠,最新报价47.2万!现车充足

The Volvo XC90 is equipped with a powerful 2.0T engine with a maximum power of 184 kW and a torque output of 350 Nm, which can provide a strong power of 250 horsepower. With an 8-speed automatic transmission, it provides the driver with a smooth and efficient driving experience.

All in all, Autohome owners speak highly of the Volvo XC90, praising its domineering exterior design and spacious interior, emphasizing the comfort of being a home. Owners say that even the bulky XC90 is easy to drive, reflecting the Volvo brand’s careful consideration of driving experience. For home users seeking both practicality and luxury, the XC90 is undoubtedly a reliable choice.

Cadillac XT5 model introduction, American style is trustworthy

I believe everyone must have heard of the Cadillac brand. I believe most people have the impression of this brand as a low-key luxury and a presidential car. Since the brand entered the Chinese market, it has been loved by many people. So today, let’s introduce the Cadillac XT5 to you and see how this model is. Let’s take a look.

In terms of appearance, the front face of the current Cadillac XT5 is a family-style design, and the vehicle is very recognizable. Its chrome-plated shield-shaped mid-mesh grille and diamond-cut headlights make the XT5 model create a very luxurious sense of beauty. On the side of the model, the side design of the XT5 body is full of power, with many tougher lines, and the waist line is an exquisite cable-stayed design, which gives the vehicle a good sense of movement. The rear part is relatively full, and the overall design is very simple and durable.

In terms of interior, the interior design of the Cadillac XT5 is also very good, after all, it is a luxury brand. The BOSS sound effect is full of marks, and the music is played online in the car without loss. The center console with soft leather design is full of class.

In terms of power, the Cadillac XT5 can be equipped with two 2.0T turbocharged direct injection engines with different tuning, with a maximum power of 184kW and 198kW respectively, and the peak torque of both is 400Nm. The matching is an 8-speed automatic gearbox with Start/Stop energy-saving start-stop function. The XT5 is equipped with an intelligent dual-clutch timely four-wheel drive system. Through the two technologies of separable transfer and dual-clutch rear drive unit, it will realize the complete distribution of left and right rear wheel torque from 0-100%, combined with four driving modes of comfort/sports/outdoor (dirt road)/full drive to adapt to various road conditions.

Overall, the Cadillac XT5 can achieve today’s results not only because of its good appearance, although the appearance is one of the biggest highlights of the XT5. But the interior, appearance, power, and comfort all add up to make this car have a good reputation.

This article is transferred from: Tiantian Car APP

Advanced intelligent manufacturing empower Changan Qiyuan E07 priced at more than 300,000 yuan

Relying on the advanced digital intelligence factory to empower, Changan Automobile’s "intelligent variable new car" Qiyuan E07 is expected to sell for no less than 300,000 yuan.

On the afternoon of July 19, the world’s first intelligent variable new car based on the SDA platform, Changan Qiyuan E07, was unveiled at the Changan Automobile Digital Intelligence Factory with Transformers. Changan automotive engineers led users into the six workshops of final assembly, painting, welding, stamping, die casting and battery, uncovering the hard core strength of intelligent manufacturing.

The Digital Intelligence Factory is a global 5G Digital Intelligence AI flexible super factory built by Changan Automobile together with Huawei, Unicom and other enterprises to integrate the industry’s advanced digital transformation methodology and technology.

For example, the stamping workshop is the first steel-aluminum mixing production line of Changan’s own brand, which has been fully automated and can flexibly respond to the production needs of different materials. It also deploys AI quality inspection algorithms through the cloud to greatly improve the automation and accuracy of quality inspection.

The welding workshop has a total of 185 welding stations and 471 automated robots. It uses the most advanced one-piece thermoforming technology in the industry to increase the strength of the side wall inner panel to 2-3 times that of the ordinary car side wall inner panel. Advanced technology allows Changan Qiyuan E07 high-strength steel to be used in a ratio of more than 90% of aluminum alloys. All the car bodies and even the front cover are made of all aluminum alloy, which enhances the lightweight of the vehicle while greatly improving the durability and safety of the vehicle.

The die-casting production workshop has 4 7700-ton die-casting machines, which has realized the integration of 163 parts into 2 parts. The casting time is only 110 seconds, and the die-casting process of one mold and two pieces is pioneered. Through the application of integrated die-casting technology, the weight of Changan Qiyuan E07 vehicle is reduced by 20%, while the torsional stiffness is increased by 24%, the bending stiffness is increased by 23%, and the collision energy absorption efficiency is increased by 54%.

The painting workshop innovatively introduced Changan’s first water-based environmentally friendly 3C2B process coating line, equipped with advanced gluing ISS robots and LASD robots, which further improved production efficiency and product quality. With the advanced spraying process, Changan Qiyuan E07 has a colorful 7 body colors.

The battery workshop has the fastest fully automated battery packaging production line in China, the highest level of laser welding technology in the industry, and is the largest black lamp factory in Asia. The "Golden Bell Jar" battery used by Qiyuan E07 uses military-grade basalt nano-thermal insulation material, which realizes 100% thermal suppression and ensures that the battery pack does not smoke, fire or explode.

In addition to high-quality manufacturing quality, Qiyuan E07’s advanced smart driving technology is also a highlight. Qiyuan E07 comes standard with 11 cameras, 5 millimeter-wave radars, 12 ultrasonic radars, and 2 lidars, which cooperate with each other to form an excellent smart driving ability. In addition, Qiyuan E07 supports any type of small obstacle monitoring greater than 100 meters, has learning and training computing power, and automatically processes 1600 kilometers of data per day for model training.

Changan Qiyuan E07 has a central ring network architecture, which brings higher vehicle control safety redundancy. It is equipped with a dual-motor four-wheel drive system with a peak power of 440kW and a peak torque of 645Nm, and the acceleration capacity of 100 kilometers can reach the level of 4 seconds. The air suspension can achieve adjustable height of 90mm and soft and hard stepless adjustment. It adopts double-layer sound insulation glass and a large number of silent materials for quiet and comfortable driving.

Debt is at its peak, and Wang Jianlin is at a critical juncture again

Reporter, Li Huilin, Editor, Tan Lu

Wang Jianlin’s good days were just a few days away, and he had reached a critical juncture again.

Recently, it has been reported that Wanda Group is discussing with major domestic banks the renewal plan of domestic loans to extend the repayment time of the principal of domestic loans.

This move could be seen as a restructuring of its domestic debt.

The IPO of Zhuhai Wanda Commercial Management has been postponed again, and Wang Jianlin’s move has been interpreted as saying that Wanda Group’s funds have been stretched thin.

The market has long been moved by the wind.

Since April, Wanda’s bonds have fallen across the board, and the two US dollar bonds issued at the beginning of the year have hit a record low since their issuance.

In the past two years, the real estate industry has been in a huge shock. Wang Jianlin, who has shed heavy assets and embarked on the road of light assets, has been fortunate to avoid this round of crisis, and even played the role of "white warrior" to rescue his peers. 

However, the listing financing has been fruitless, and Wang Jianlin has been involved in the debt crisis again.

Debt hits

For the IPO of Zhuhai Wanda Commercial Management, Wang Jianlin was originally full of confidence.

Previously, it was agreed with overseas banks to complete the listing before May 8 this year, otherwise Wanda Group would have to repay three offshore loans of $1.30 billion in advance.

At the beginning of this year, the management of Wanda Commercial Management vowed that it would go public in the second quarter. Unexpectedly, there is still no timetable. Since the initial IPO application in 2021, Wanda Commercial Management has submitted its forms three times.

The road to listing was more bumpy than Wang Jianlin had expected.

At an internal meeting half a month ago, he admitted that Wanda Group had encountered periodic difficulties due to the delay in commercial listing.

The difficulties center on the debt pressure, starting with the looming maturity of the two betting agreements.

The aforementioned three offshore loans of $1.30 billion have triggered repayment treaties.

After negotiation, one-third of the participating lenders agreed to waive this clause, and the agreed listing date was postponed to November 30, 2023, pushing the pressure to six months later.

The greater pressure lies with institutional investors.

In 2021, Zhuhai Wanda Commercial Management completed a pre-IPO round of financing of 38 billion yuan, including Zhuhai SASAC, Zheng Yutong family, Country Garden, CITIC Capital, Ant and other consortiums.

If the IPO cannot be completed by the end of 2023, the strategic investor has the right to exercise the right to sell back and request its parent company, Dalian Wanda Commercial Management, to repurchase capital.

The latest bond report shows that by the end of 2022, Dalian Wanda’s short-term borrowings increased by 9 times to 5.046 billion yuan, and non-current liabilities due within one year rose sharply to 68.768 billion yuan, an increase of 3 times year-on-year.

There was a huge amount of potential repurchase money before, and then there was a peak in debt repayment.

According to the data of the Enterprise Early Warning Platform, only Dalian Wanda Commercial Management is the main body, with a total of 6 bonds maturing within one year, the balance is 4.923 billion yuan, and there is a 400 million dollar bond overseas, which will mature in July.

Raise money everywhere

The repayment date is approaching, and Wang Jianlin said that Wanda will not go bankrupt.

He went to various places to discuss cooperation and increase the chips of Zhuhai Wanda Commercial Management’s listing; while "looking for money" everywhere to fill the debt hole. 

Since the beginning of this year, Wang Jianlin has a busy itinerary. From mid-February to mid-March, he traveled to Jilin, Henan, Guizhou and Liaoning provinces within a month to negotiate cultural tourism projects.

(Source: Visual China)

During his business trip, Wang Jianlin met with senior management of banking institutions on several occasions.

In February, he signed cooperation agreements with Harbin Bank and Zhongyuan Bank, and in mid-March he met with the acting chairperson of Shengjing Bank.

Previously, Wang Jianlin has started to prepare domestic and foreign debt financing. In January-February, Dalian Wanda Commercial Management issued two overseas bonds totaling 700 million US dollars; in March, it announced that it plans to issue 2 billion yuan of interbank bonds.

Overall, Dalian Wanda Commercial Management’s external financing capacity is weakening. In the past two years, its financing cash flow has been in a net outflow state, with a net outflow of 30.036 billion yuan in 2022 alone.

The two foreign bonds issued at the beginning of this year have a coupon rate of up to 11%, indicating that financing has become more difficult.

Two months ago, Dalian Wanda Commercial Management also submitted to the Shanghai Stock Exchange to register a 6 billion-sized corporate bond, which was questioned by the China Securities Regulatory Commission and asked to explain the reasons for the continued large-scale negative cash flow of financing activities and evaluate the impact on the bond repayment.

At present, Wanda Commercial Management has not replied yet.

Due to the difficulty of financing, Wang Jianlin turned to pledging and reducing his holdings in listed companies to obtain loans and cash.

In January, Wang Jianlin pledged his 65.04% stake in Wanda Hotels to Temasek Holdings for a loan.

In March, Wang Jianlin has two times to reduce Wanda Film shares, to reduce the closing price of the day, a total of about 1.50 billion yuan.

On April 25, China Resources called it a "rumour" after market news that Wanda’s property division would be acquired by China Resources Land.

Due to concerns about Wanda’s commercial liquidity, in May, Moody’s downgraded the family rating of Wanda Commercial Management Company to "Ba2" and placed it on the downgrade watch list.

This means that Wang Jianlin’s subsequent overseas financing will become more difficult.

False prosperity?

Despite being mired in debt distress, Wang Jianlin’s business portfolio has not been subject to major fluctuations, and Dalian Wanda Commercial Management, as a core asset, has maintained stable performance.

The bond report shows that Dalian Wanda’s commercial management revenue in 2022 was 49.188 billion yuan, an increase of 4.86% year-on-year, mainly due to the growth of the scale of the mall.

By the end of last year, its Wanda Plaza had opened 55 new buildings, with a total of 473 projects and a commercial area of 65.56 million square meters under management.

The revenue pillar of Dalian Wanda Commercial Management, mainly investment property leasing and management, is about 45.10 billion yuan in 2022, contributing 90% of total revenue.

Zhuhai Wanda Commercial Management is an asset-light part spun off from Dalian Wanda Commercial Management. It is also the main listing body that Wang Jianlin is promoting. It is mainly responsible for the operation of Wanda Plaza, earning rental income and merchant operating income. Its cash flow is more stable than development.

As of the end of 2022, Zhuhai Wanda’s total assets 22.886 billion yuan, accounting for a small volume, but accounting for half of the income.

In 2022, its business operations revenue and profit were 27.12 billion yuan and 12.984 billion yuan respectively.

Under the asset-light strategy, the number of Wanda shopping malls is still increasing. As of the end of last year, there were 187 Wanda plazas under construction, with a commercial area of 21.95 million square meters.

Wanda Plaza’s ability to attract investment was once a source of confidence for Wang Jianlin to go public. By the end of 2022, the rental rate of its shops was 98.7%, and the rent collection rate was 100%.

However, whether these dazzling data are false prosperity requires a question mark.

In March, a Wanda employee pointed out that the authenticity of Wanda Commercial Management’s merchant performance, rental rate, passenger flow and other data is questionable. It is said that Wanda implements strict assessment indicators, requiring tenants to seize and attract investment rates to achieve 100%. In the period when the physical business is hit by the epidemic, this is an almost impossible task, and front-line employees can only "fake".

"Although the merchants don’t owe Wanda Group, they owe a lot to the general manager and deputy general manager of the project."

A Wanda employee told 21CBR that in order to meet the rent collection rate targets, some managers sometimes advance the rent for merchants, and then let the merchants pay it back slowly.

An industry insider also pointed out to reporters that it is almost impossible for every shopping mall to achieve a 100% investment rate, especially in some non-central urban business districts, where investment is much more difficult than before.

The reporter’s on-site visit also saw that the rental situation of some Wanda plazas is not ideal, such as Guangzhou Baiyun, Panyu Wanda plaza, many indoor shops are vacant, weekend lunch time, in addition to the dining area, the traffic counting in the mall is not large.

For the authenticity of the financial data, Wanda has not yet replied.

IPG China Chief Economist Bai Wenxi pointed out that companies that usually plan to list in Hong Kong stocks need only 3-6 months from obtaining the acceptance letter from the Securities Supervision Commission to obtaining the approval approval. Previously, there has been no listing cycle for more than half a year due to approval reasons. Zhuhai Wanda Commercial Management has set a record for the slowest overseas listing of private enterprises.

He believes that the possibility of Wanda Commercial Management rushing back to class A shares listing in the future is not ruled out.

It is said that Zhuhai Wanda Commercial Management is still advancing the IPO matter. In accordance with the new regulations of the Securities Supervision Commission, the documents will be updated again in the future. According to the gambling agreement, Wang Jianlin has less than seven months.

Getting out of the misunderstanding of labor education practice: "gamification" can’t gain labor interest

  Bright pictures/vision china

  [thoughts]

  editorial comment/note

  Labor refers to the activity that people create material wealth and spiritual wealth necessary for their own survival and development through their own hard physical or mental efforts. In the new era, labor education has been picked up again, and schools have gradually begun to jointly carry out labor education practice with society and families. But in reality, labor education is often reduced to a simple task in daily teaching, a simple physical education, skill learning, and even alienated into entertainment, punishment and domestication. This paper holds that the lack of understanding of the connotation of labor and labor education still leads to some misunderstandings in the practice of labor education, such as the "servitude" of cognitive mental work that makes learning and labor oppose each other, the "play" that replaces the real pleasure of labor, and the lack of continuity in labor education, which needs serious reflection based on the connotation of labor education, and has certain practical pertinence, hoping to bring inspiration to readers.

  1, learning "servitude" put learning and labor in opposition.

  In recent years, labor education has been promoted to the same position as moral education, intellectual education, physical education and aesthetic education, so some schools have vigorously carried out labor education practice. Some open up schools to build farms and guide students to carry out productive labor practice; Some combine social resources and rely on labor education practice bases to organize students to experience labor. Social practice activities of learning agriculture and learning industry are carried out regularly every year in many places. However, while increasing the opportunities of labor experience, we will find a conventional concept that students’ daily study is not labor. This is really worth reflecting on. Isn’t learning itself labor?

  In fact, learning itself is also a kind of labor, and learning is cognitive mental labor. Soviet educator Suhomlinski believes that "labor education begins when students sit behind desks and study. Desk is the most complicated machine tool, which makes children, teenagers and teenagers feel that it is shameful to be careless, and laziness and idleness are sad. It is the most difficult thing for students to establish this understanding in education". Learning is a kind of labor that promotes the combination of wisdom and hands’ efforts. In this labor, learning is labor, while knowledge is the result of labor efforts. Under the background of digital labor era, the function of labor gradually turns to the existential function of realizing personal self-worth and obtaining the sense of value and meaning of existence. From this perspective, completing labor outside of learning may not be able to obtain more sense of value and existence than learning process.

  If learning is labor, why talk about labor education now? Why didn’t the mental work, which occupies the main position in students’ life at present, achieve the purpose of labor education? Why do schools often oppose mental labor and productive labor, and think that too much emphasis on intellectual development leads to insufficient labor experience? This is because the mental work of learning is alienated, and learning has been externalized as "labor".

  To recognize that learning is externalized as "labor", we need to trace back the essence of learning, a mental labor, and re-examine the current learning process of students. From Marx’s definition of labor, we can see that labor is first of all a process between man and nature. In the process of material exchange with nature, man is increasingly aware of the common attributes of things and phenomena, and finds the regularity and connection between them, while mental labor is expressed in the form of representation, concept and reasoning. Learning this mental work ultimately points to scientific understanding of things, which is also an essential attribute for learning to become mental work. At present, students’ learning has gradually become "externalized labor" pointed out by Marx. Marx said in the Manuscript of Economics and Philosophy in 1844: Labor is an external thing for workers. In labor, he does not affirm himself, but denies himself. Instead of feeling happy, he feels unfortunate. Instead of freely exerting his physical strength and intelligence, he tortures himself physically and mentally. Once the external force stops, he will escape from labor like a plague. This exposition of externalization of labor seems to be just right to describe the study of today’s students. Students’ study is not to scientifically understand reality, but to pursue external material needs. The "tearing books after the college entrance examination" repeatedly exposed by the media reflects the students’ escape from this externally imposed task. Therefore, learning is no longer real labor, and it no longer has the function of liberating physical strength and intelligence.Instead, it becomes "hard labor", so it has little effect on improving students’ labor literacy.

  2. "Gamification" makes students lose their interest in labor.

  Corresponding to the fact that learning has become "hard labor", other forms of labor education that are gradually emerging show a trend of "gamification". Some schools carry out interesting and wonderful labor activities to attract students, and some schools integrate labor education into spring outing. On the one hand, this can improve students’ enthusiasm for participating in labor, but on the other hand, we need to pay attention to avoid blurring the difference between labor and games. Labor is the process of externalizing oneself, while game is the process of internalizing reality. The fuzziness of the difference between labor and games is more obvious in the digital age. Digital labor blurs the time-space boundary between entertainment and work, and dispels the traditional antagonistic relationship between play and labor.

  Labor is a serious process of giving, and the joy of labor lies in creation. This kind of giving also explains the self-externalization of labor. Students devote their physical strength and intelligence to the labor process and gain certain results. The pleasure that students feel in their work is the pleasure of creating things because of self-sacrifice, not fun. There is a difference between labor and games. Games can naturally bring satisfaction to children, but labor itself has no interest in children, so the interest in labor needs to be cultivated and developed consciously. The gamification of labor makes many activities look interesting, but there is no labor in essence, and students can’t gain interest in labor. Suhomlinski believes that the interest in labor should be manifested as "they realize that they can act on nature, make plants give fruits, and use tools to process wood or metal into needed shapes". Therefore, in the practice of labor education, we need to judge whether the interest in the labor process comes from giving and creating, or is interfered by other factors such as gamification.

  The contribution in the process of labor can cultivate positive labor values and make students love the working people and respect the fruits of labor. At the end of the 19th century, a "new" school appeared in France to train people engaged in "advanced knowledge occupations". In this school, students treat manual labor just like games and sports, because they don’t have to live by manual labor in the future. Although this school is located in the countryside, the students are far away from farmers’ lives. Although they are also working, they can’t really understand and study various social relations. Rousseau believes that only by taking part in labor in person and understanding all its complexity and arduousness according to experience can students judge the social significance of a production department in the future. Therefore, if we don’t regard labor as a serious process, we can’t cultivate our feelings for the working people, and we can’t cultivate our appreciation for the obtained survival materials.

  3. Labor education stays in experience and ignores daily self-service labor.

  At present, the labor practice of studying industry and agriculture in some areas is vigorously carried out, and an institutionalized labor experience system is gradually formed based on the construction of learning industry and agriculture bases. However, the persistence of these activities is worthy of attention. Most schools spend one week each semester leading students to experience labor, but they only stay in the experience once each semester, and there is a lack of cohesion between the activities, which is easy to make the labor experience become a casual entertainment. What’s more, some schools organize students to pull weeds in wasteland, and students regard pulling weeds as a kind of hard labor. This kind of labor experience of "working without teaching" deepens students’ rejection of manual labor. Therefore, the experience of labor must be complete, so that students can see the results of labor and feel satisfied with the achievements they have made through their own labor. If we just stop at pulling weeds without letting students experience the significance of pulling weeds for the growth of saplings, it will be difficult for this labor experience to play its due role. To lead students to plant wheat seedlings, we should let them see the process of wheat seedlings growing, heading and harvesting, and even let them see the process of wheat grains turning into food. At this time, the sense of pleasure comes not only from obtaining external products, but also from experiencing the sense of value and existence of labor.

  In fact, daily self-service labor is just the way to implement the principle of continuity of labor education. However, these are often ignored in schools and families. Schools spend time and energy to organize off-campus labor practice, but at noon, catering staff bring students lunch to the classroom, "depriving" students of the opportunity to experience self-service. The relationship between man and self is at the core of the three attributes of man, which also means that students’ self-service labor plays a vital role in students’ all-round development. Self-service labor can be regarded as the beginning of labor education. No matter what kind of productive labor he is engaged in in in the future, self-service will become his obligation and habit, and it is also the habit of cultivating people to observe discipline, meet their personal needs by doing it themselves, and form the habit of respecting others. When students get food effortlessly, it is difficult to ask them to respect food and labor.

  4. Strategies and suggestions for getting out of the misunderstanding of labor education practice.

  "If there is labor, there may not be education". Labor needs to satisfy three relational attributes, namely, man and self, man and nature, and man and society. The basic contents of labor are: self-service labor, productive labor and social welfare labor. Labor education is a practical activity based on physical labor and material production labor, exploratory innovation labor and artistic aesthetic labor, which is manifested in independent life in family life, practice and hands-on operation in study, public welfare activities in society and various professional labor. Therefore, the strategy to get out of the misunderstanding of labor education practice is to balance people’s different forms of labor demand through diversification.

  First of all, set up a cohesive and comprehensive labor education course. Dewey once said in The Waste of Education that all aspects and stages of education lack the necessary connection and cohesion with each other, which leads to conflicts and even negative effects. Similarly, in order to avoid the waste of education caused by labor education staying at the experience level, the labor education curriculum needs to pay attention to the cohesion of labor content and skills, which is reflected in the cohesion of curriculum content and the cohesion of education system. In terms of course content, it is necessary to set up labor courses that echo and connect properly according to the needs and characteristics of students of different classes and grades. In the education system, it is necessary to consolidate the skills and concepts of labor education through the cooperation between family and society. Schools can encourage students to find service jobs at home, take the initiative to participate in housework, and learn some labor skills. In addition, the content of labor curriculum also needs to take into account three basic labor education contents, namely, self-service labor, productive labor and social welfare labor.

  Secondly, change the concept of labor education of parents and educators, so that parents and educators can establish labor education awareness. The promotion of the cooperative mechanism between labor educators and schools puts forward higher requirements for teachers and parents’ awareness of labor education. For example, some schools will arrange "homework". If teachers and parents can’t pay attention to it, the effect will be greatly reduced. In order to avoid staying in the curriculum, labor education needs to enhance the awareness of teachers and parents. On the one hand, it is necessary to interpret the connotation, function and significance of labor education in combination with the development of the new era. On the other hand, it is necessary to change the concept of labor education through necessary education and training, so that they can voluntarily carry out and cooperate with the development of labor education activities.

  Finally, actively develop creative forms of labor and promote the combination of physical strength and brain power. Creative labor enables students to use the power of wisdom in physical labor, realize the unity of "internal thinking" and "external doing", and thus experience the happiness of labor. Wang Shaoliang, a scholar, believes that the labor values of contemporary teenagers have changed from "labor glory" to "labor happiness", that is, from "a kind of praise obtained from the outside through labor achievements" to "confirmation and affirmation of an essential force from their own labor achievements". Therefore, the development of school labor activities can not stay in simple physical labor, but needs to develop challenging creative labor that can show students’ physical and mental potential. Suhomlinski’s "creative labor theory" also points out that the content of labor education should be enriched with enough knowledge, abundant wisdom and refined talents.

   (Author: Ning Bentao Feng Linlin, respectively, professor of the Department of Education, Department of Education, East China Normal University, researcher of the Institute of Basic Education Reform and Development; Master student, Department of Education, East China Normal University)

Central Meteorological Observatory: The blue warning of rainstorm and sandstorm goes online and the rainfall in the south enters the strongest period.

Cctv newsAccording to the Central Meteorological Observatory, at present, due to the influence of cold air, many places in northern China are experiencing strong winds, cooling and dusty weather. At the same time, cold air collides with warm and humid air, and there will be heavy rainfall in Hunan, Jiangxi, Zhejiang and Guangxi today. The Central Meteorological Observatory issued a blue warning of rainstorm and sandstorm this morning.

The Central Meteorological Observatory issued a blue rainstorm warning this morning.It is estimated that there will be heavy rain in parts of southeastern Guizhou, south-central Hunan, most of Jiangxi, western Zhejiang, northwestern Fujian and northwestern Guangxi from day to night, among which there will be heavy rain (100 ~ 120 mm) in parts of northeastern Guangxi. Some of the above areas are accompanied by short-term heavy rainfall (the maximum hourly rainfall is 20 ~ 50 mm, and the local area can exceed 60 mm), and there are strong convective weather such as thunderstorms and strong winds. Tomorrow, the rainfall in the south will obviously weaken, and there will be moderate to heavy rain and local heavy rain in parts of Guangdong and Guangxi.

The Central Meteorological Observatory continued to issue a blue warning of sandstorms this morning.Affected by cold air and strong winds, there are sand-blowing or dusty weather in parts of southern Xinjiang, central and western Inner Mongolia, northern and eastern Gansu, Ningxia, Shaanxi, northern Sichuan Basin, Shanxi, western Hebei, Henan, central and western Shandong, Hubei, northern Hunan, northern Anhui and northwestern Jiangsu from day to night, among which there are sandstorms in parts of southwestern Inner Mongolia, northeastern Gansu, central and northern Ningxia and northwestern Shaanxi. Tomorrow, the dusty weather in the above areas will gradually weaken.

The May Day holiday will be officially opened tomorrow, and it is expected that the weather in China will be more complicated in the middle and late period of the holiday. From the 1st to the 3rd, there will be a strong rainfall process accompanied by strong convective weather in the south. Affected by frequent cold air activities since the 2nd, the temperature in most areas north of Huanghuai dropped significantly, with precipitation in many places. Please pay attention to the latest forecast and early warning information, arrange the travel time reasonably, and avoid delaying the trip due to weather.