Twenty years ago, in 2003, the Hangzhou Telecommunication Company was formally established in Hangzhou. At the beginning of its existence, the company as a whole had only 1,500 employees and its scope of operations was limited to the business market. New China III has now developed into a single digitized solution with 19,000 + staff, 98 million + equipment online, 17 overseas branches, serving 174 countries and territories, with a full range of digitized infrastructure capabilities, such as computing, storage, networking, 5G, security, terminals, etc., providing a one-stop digitization solution, including cloud computing, large data, manual intelligence, industry, Internet, information security, intellectual connection, periphery, and information technology services, as well as a leading business in the information and communications industry, which is at the end of the technical service. Thanks to the in-depth implementation of a range of measures, corporate performance has been maintained in recent years at a fast pace: Net profits increased from $2.2 billion in 2016 to $3.73 billion in 2022; business income increased from $21.9 billion in 2016 to $49.81 billion in 2022, with a combined annual growth rate of 15.5 per cent, nearly two times that of China’s ICT market during the same period.

Calendar

New China has been making new breakthroughs on three paths, from Hangzhou in 2003 to New Hua III in 2016, and now as a pilot in the domestic information and communication industry. During these two decades, the company experienced two key historic points:

Launch: On 17 November 2003, Hangzhou was established as a three-computer registered with the three-Com. Since then, H3C has formally emerged in the domestic information and communication industry.

Newborn: On 6 May 2016, New China was formally established by the merger of the “Oxo-Chinese Telecommunication Company” and the “Furpe China Group”. At that time, three of the States of Hangzhou were at the dawn of the Chinese enterprise network market, while the Chinese MFN group was the leader of the Chinese server, storage and technology services market, and the combination of the two parties had made New China one of the balloons of the Chinese ICT market, changing the pattern of the Chinese ICT industry. From the first day of the company’s establishment, the organizations, teams and processes of the two enterprises were quickly integrated, culminating in rapid and efficient integration of operations, laying a solid foundation for the company’s subsequent health development.

When “Chinese three” became “New China III”, the change was not just the name of the company. At the beginning of the three years, in order to better leverage the respective strengths of the HHPE “Frompow” and of the three “fowal cultures” in Hangzhou, the New Chinas have further combined brands, products and sales, with the “common sense, logic, adherence to market rules” as the core guiding philosophy, and in less than half a year have effectively integrated two teams of cultures, systems and ideas of great diversity. This complementary culture has incorporated the company’s gene.

Capacity

After 20 years of development, in particular seven years since the establishment of New China, companies have come to a much broader range of competitions and have been consulted from ICT infrastructure providers, leading to digitization solutions.

After the establishment of New China in 2016, in the face of the acceleration of the digital economic era, companies established a new enterprise positioning “digitization solutions leaders”, led by a “digital brain” approach, accelerating the layout in the new generation of information communications and promoting rapid business development. The company has responded positively to the trend of digitization of industries under new technologies such as cloud computing, big data and AI, promoting the successful transformation of New China from “ICT infrastructure providers” to industry-oriented solutions providers, and further focusing on cloud-based intellectual innovation to open the door to smart operations in the “smart-gener” technology strategy. Furthermore, New China has built the overall capacity of the entire digitized infrastructure around increasing the capacity of enterprises to compete, effectively enhancing the integrity and competitiveness of companies in ICT solutions.

In the past, Bafit had a view that high-technology enterprises were able to set up the gazette river, the value of which was incalculable. As a high-tech business, New China has always maintained a technology innovation-driven enterprise’s dream and future, maintaining a high proportion of research and development inputs each year, carrying out “saturation attacks” on key core technologies, and launching a series of industry-led technology, products and solutions that strongly underpin the performance of companies in the ICT market.

According to IDC, New China’s share of the market with the Internet Exchange rose from 28 per cent in 2016 to 33.8 per cent in 2022; the market share of the Enterprise WLAN increased from 25.3 per cent in 2016 to 28 per cent in 2022; the market share of the knife servers rose from 30.3 per cent in 2016 to 54.8 per cent in 2022; the market share of the routers rose from 5.7 per cent in 2016 to 10.3 per cent in 2022; the market share of X86 servers rose from 11.2 per cent in 2016 to 18 per cent in 2022; and the market share of the storage, from 4.6 per cent in 2016 to 12.2 in 2022.

At the same time, New China, in keeping with the original intent of “the most trustworthy partners in the digital transformation of the 100 industry”, has continued to inject energy into the digital transformation of the 100 industry. The company has accumulated over 3100+ clients, upgraded the digital brain, helped clients to improve operational efficiency and achieve high-quality development; built over 30 new intellectual cities and digital rural projects, with a cumulative capacity of over 220 cities with clouds, melts, sinking; built over 250 business clouds; built 130 intellectual solutions with close proximity to the client application landscape; and built up the ultraviolet intelligence plant into the best practice of “5G+’s Internet” to select the “future plant” in the province.

In the area of internationalization, New China has also accelerated its expansion by actively integrating companies into the global economy and expanding overseas markets.

The vast model triggered by ChatGPT was mixed, like the Internet 20 years ago.

Over the past two months, there have been more than five known Internet companies, including pertussis, Aliba, type trip, etc., that have announced their intention to enter major military models. In addition, play companies, cloud computing companies, software companies, and so long as they publish an act that is relevant to AI, Chinese version ChatGPT, can give rise to hospitation in the capital market and spark the joy of followers.

Should ChatGPT, like the concept of the universe, become a little-time stream or break the old Internet order, build a new order and trigger a change in productive relations and productivity?

No one can define at this stage, and no LT seeks to shape the underlying pulses and the course.

01

The myths

Three broad patterns

Looking first at the current state of the Great Model War, there are currently three categories of recruits: the Internet giant, the science and technology giant, and the individual entrepreneurship team.

Internet giants are: 100th memorials, Arbasto, the New SenseNova System for Business Day, the Yunus, known as “ThaitotuAI”, 360 GPT, the Kungal Viy Vy Vilnius model, Ginkung, etc. On 14 April, MCCEO released a microbomb indicating that the rice is fully engaged, strongly embraces large models and generated artificial intelligence (AIGC) and will introduce relevant technologies and products.

Under the leadership of the giants, a number of small and large enterprises in the scientific and technological fields are also taking place.

In the absence of data mass and funding size of giants, they generally aim to opt for access to a large model and develop more tailored applications on that basis. For example, the Hung-kung-speak manual intelligent application platform will be rolled out by the ChatJD; the Tricket will be officially accessible to the large model of the Alababa “Commons” under the rubric; the volcano engines under the rubric will be self-study of the DPU (Data Processing Module) chip; and the launch of a large model for training clouds on the WPSAI, similar to the Microsoft Copilot product based on the ChatGPT technology, which is revealed by the Honi Enterprise in the Kivus; the USAP launch of more than 1,000 self-formed car models, which are based on the LM brands;

There are also “olders” of Internet-based entrepreneurship, such as throne, Lee, Wang Qingang, who use personal influence and IP to declare entrepreneurship teams to produce large models.

On 19 March, the Director of the Innovative Works and Chairman of CEO, Lee, announced the establishment of ProjectAI2.0 as a new platform for AI2.0 and a world-class company for AI-first productivity applications.

The request for the establishment of China OpenAI, which was published on the social platform, was also screened. He claimed that he had contributed $50.0 million to the company (out of year). Its old Royal Highness, King CEO, then announced in a friend’s circle that the individual would participate in and act as a member of the throne entrepreneurship company, “out of year”.

Former Google Scientist Lee, in a media interview at the end of February, stated that the short-term objective is to produce a 60-point generic model in June next year.

The former searcher, Princess CEO, also indicated that it would enter the Chinese version of the openAI battlefield and recognize the project in “preparation”.

The former Ginitiator of OAI, Sunday, also announced that there would be no ceiling for partners to work together on the Chinese version of ChatGPT. Vertical integration ranges from self-based, large-scale models to applications, user-wide closed rings, to the realization of generational artificial intelligent technologies and commercial values “two-way”.

However, in this second-stage public announcement, many people have happily said that the upgrading of the GPT entrepreneurial company PPT in the country is not at the same pace as the ChatGPT version.

In addition, a number of experts in the field of long-term deep-rooted science and technology have also been grappling with the eastern wind of AI, fearing falling into the age. For example, in a public shouting of 3 April, “ChatGPT does not count on the new technology revolution and has no new opportunity”, U military, a computer scientist, a natural language model expert, has introduced the ChatGPT course in Access, which was set at 26 April at a price of CI$ 69.9.

Apart from intense competition, there is no “separations” under different patterns. Wang Xiaocheon said that Lee was a man who survived the parallel universe. Despite the lack of response, Lee’s chewing could not be abused, and he was able to respond to the hypothetical nature of the search dog, which was too long to leave the line.

This state of affairs is not only fuelling, but it has long been absent from domestic Internet plants.

ChatGPT’s blasts are accompanied by positive feedback on the prices of chips, handicrafts, and even of companies that publish a similar concept with ChatGPT.

In addition to 100, Ali, the company listed in the company, which had benefited from the ChatGPT concept explosion, was sweeted in the capital city, 360 declared the GPT model, the “360think” site search site, followed by a 5.53 per cent increase in the daily cost of the large model, followed by a further increase on 3 April.

IATP published a diagram, photo module, PCB, an increase of 65 per cent at the beginning of the server, 146 per cent, 45 per cent and 62 per cent at the beginning of the server, as a result of the movement of the associated concept unit prices by ChatGPT for nearly three months.

How can the mega-war model not trigger the heat of the next technology revolution? Who can escape?

February

The threshold for large models has been underestimated

Following the inauguration of the ChatGPT-4 in February this year, the market was once again aware of the strength of the model, which was highlighted by the commercial value of the new generation of GPT PT-3.5, which was released at the end of last year. It is widely felt by industry experts that this will be a high technology competition to start the next era, as is the case with the millennium Internet in general.

But it is true

Digitization is not only the driving force of high-quality economic development, but also the focus of improving sustainable competitiveness. The new infrastructure represented by digital infrastructure is of great significance for expanding effective demand, coping with risks and challenges and promoting high-quality development. It has deep penetration and significant intensive integration ability, and has significant advantages in effectively breaking the boundaries of information, knowledge, industry and space, promoting the interaction between supply and demand and industrial leap. It can be said that digital infrastructure is one of the key points to promote the steady and long-term development of digital economy.

In the short term, accelerating the construction of new infrastructure can effectively hedge the impact of the epidemic, stabilize the economy and steady growth under the situation of normalization of epidemic prevention and control, and meet the development needs of digital economy; In the long run, digital infrastructure can also play a key role in enabling the economy and continuously optimize the relevant layout, structure, function and development mode. Digital infrastructure can effectively transform and empower traditional infrastructure by giving full play to the great potential of “digital” as a new factor of production. By opening up the information “artery” of economic and social development, it will further promote the digital transformation and upgrading of traditional industries and provide key support and innovation momentum for the digital transformation of economic and social development. Therefore, to speed up the construction of new infrastructure, we must take into account the stable operation of the short-term economy and the high-quality development of the medium and long-term economy. We should not only focus on dealing with the risks and challenges faced by short-term economic operation, but also grasp the current economic situation from the perspective of the 14th Five Year Plan period and the general trend of China’s medium and long-term economic development, actively adapt to the changes of domestic and international development conditions and development environment, and strive to achieve greater development.

In this regard, the meeting proposed to promote the construction of new infrastructure such as information network according to the development needs and industrial potential. In particular, it is proposed to innovate the investment and construction mode, adhere to market investment, and support multiple subjects to participate in the construction. These measures have clarified the promotion mode of new infrastructure and responded to the concerns of the market.

The relevant person in charge of the Ministry of industry and information technology said that it would accelerate the progress of 5g construction, accelerate the building of an industrial Internet with comprehensive interconnection of man-machine and objects, vigorously develop new intelligent computing facilities, and promote the orderly construction and use of large data centers and the upgrading and transformation of small and micro data centers. At the same time, we will adhere to the application orientation and demand orientation, further enrich the application scenarios, promote the integrated development of new infrastructure and manufacturing, energy, transportation, agriculture and other fields, cultivate the online and offline integration of new economy, and explore the application of new infrastructure in social management, public services, education, medical treatment, smart city and other fields.

“To further strengthen the construction of China’s digital infrastructure, we must take a multi pronged and prudent approach.” Zeng Zhimin, a distinguished researcher of China Engineering Science and technology development strategy Guangdong Research Institute, said that all regions should promote step by step and focus in combination with the actual development of the region and the needs of industry and people’s livelihood. For key infrastructure such as 5g base station, data center and cloud computing center, it is necessary to make appropriate advance deployment to provide a preliminary foundation for future in-depth applications; Give full play to the protective role of government funds in the early construction, gradually encourage the market to give full play to the functions of investors, and focus on the construction of a number of network digital infrastructure, so as to create high-quality conditions for attracting market players. In addition, all regions should coordinate as a whole, bear in mind the risk awareness, deal with and solve the corresponding safety production and technical risks, explore new supervision and evaluation mechanisms from the system and procedure, and give consideration to construction efficiency and construction safety.

Industry experts said that at present, China’s infrastructure construction field has accumulated a large number of high-quality assets, but these high-quality assets are difficult to recover the investment cost in the short term, and the debt risk increases. How to revitalize these high-quality assets, effectively resolve local debt risks and promote economic deleveraging is a major problem that must be solved to speed up the construction of new infrastructure. To solve this problem, we need to grasp the policy opportunity of real estate investment trusts (REITs) in infrastructure in key areas such as Beijing Tianjin Hebei, Yangtze River economic belt, xiong’an new area, Guangdong Hong Kong Macao Bay area, Hainan and Yangtze River Delta, and give full play to their role in increasing the proportion of direct financing, improving the efficiency of local investment and financing, revitalizing stock assets, and widely mobilizing the enthusiasm of social capital The important role of resolving local debt risks provides strong support for accelerating the construction of new infrastructure.

After the limit fell in May, ST Yinyi (rights protection) (000981. SZ) stopped falling. It closed down 3.68% on March 4, and the latest share price closed at 1.57 yuan. In six trading days, ST Yinyi has fallen by 55% and its share price has halved.

Not long ago, on the evening of February 27, ST Yinyi announced that the reorganizer zihejinxin held 29.89% of the equity of the company, became the new controlling shareholder of the company, and ye Ji became the new actual controller of the company.

As the founder of ST Yinyi, Xiong Xuqiang, the former richest man in Ningbo, was “out” and lost control of the company.

Xiong Xuqiang, a well-known rich man in Ningbo, built Yinyi group, the largest real estate company in Ningbo. He was once known as the “expert on the reconstruction of uncompleted residential flats” by the market. It once controlled and owned three listed companies: ST Yinyi, Kangqiang electronics and Hehua shares.

In 2014, during the reorganization of Kangqiang electronics, he fought with Xu Xiang, the head of the general rudder. At the glorious moment, the market value of St Silver billion under Xiong Xuqiang once exceeded 50 billion. In 2018, Xiong Xuqiang once ranked 95th on the Hurun 100 rich list in 2018 with a wealth of 29.5 billion yuan and became the richest man in Ningbo.

Today, ST Yinyi has lost its net profit for four consecutive years, with a loss of more than 10 billion yuan. The Yinyi group built by Xiong Xunqiang is also heavily indebted and is undergoing bankruptcy reorganization. Xiong Xunqiang, the richest man in Ningbo, is no longer on the Hurun 100 rich list after 2018.

It is very difficult to have wealth from scratch. Xiong Xuqiang spent more than 20 years building his own wealth, and it took less than a year from having it to not having it.

Xiong Xuqiang, once the richest man in Ningbo, has now fallen into the altar. Some investors jokingly say that it is “cold”.

The rise of Yinyi group

Ningbo is a rich place, such as Ding Lei of Netease, Jiang nanchun of focus media, and Xu Xiang, the Lord of Zexi who once dominated the stock market. Xiong Xuqiang was also born in Ningbo.

Xiong Xuqiang, an educated youth who came back from the countryside, became the technical backbone of Yuyao pesticide factory with his skill, and became the factory director within a few years. As an ordinary person, when he is in charge of state-owned enterprises, he is very satisfied with both income and social status.

However, after three years as factory director, Xiong Xuqiang resolutely quit his position as a leader of state-owned enterprises and entered colleges and universities for further study. After graduating from college, he was arranged to work as a civil servant in government organs.

In the 1990s, it was the period of state-owned enterprise restructuring that Ningbo began the work of reducing and reversing losses of state-owned enterprises. As Xiong Xuqiang, who used to be the factory director of state-owned enterprises, was assigned to a Ningbo cannery in the hope of reversing losses under his leadership.

As a result, Xiong Xuqiang did well. After only one year in office, he worked miracles, turned losses into profits, and achieved the achievement of “profit of 5 million yuan and foreign exchange earned by export of 10 million US dollars”. Xiong Xuqiang’s ability to be good at business has been displayed.

In 1994, the reform of the socialist market economy and the promotion of urbanization made Xiong Xuqiang see the general trend of the old state-owned enterprises to change their industries. He believed that the development of real estate was a promising direction, so he resigned again.

Xiong Xunqiang formed Yinyi group after his resignation. At the beginning, the real estate road of Yinyi group was relatively smooth. The Asian financial crisis in 1997 gave Xiong Xunqiang and Yinyi group the opportunity.

In 1997, the Asian financial crisis broke out, the real estate industry was affected to a certain extent, and many enterprises had problems in the capital chain, resulting in the emergence of many “uncompleted residential flats”. Xiong Xunqiang, who has a keen sense of business, found the business opportunity of uncompleted residential flats.

In his opinion, he chose some uncompleted residential buildings that could soar and took over them at very low prices. Then renovate it. Compared with taking the land and then raising the high-rise building on the flat ground, the uncompleted residential buildings are broken and rotten, but the process and capital investment are much less.

Therefore, Yinyi Group acquired a large number of uncompleted residential buildings and transformed them. From residential buildings, office buildings to commercial squares, Yinyi has transformed a large number through “old collection and renovation”. At the same time, it has also created many “firsts in real estate” and won the title of “uncompleted residential building reconstruction expert”.

Later, Xiong Xuqiang said publicly, “although it was not a good time to develop real estate at that time, we found another way to open a new world.”

According to the data, in 2008, the real estate sales of Yinyi group exceeded 10 billion, becoming China’s 10 billion real estate enterprise and the largest and most famous real estate enterprise in Ningbo.

A powerful Yinyi group rose and began to embark on the stage of the capital market.

Ningbo’s richest man was born

As a powerful entrepreneur, Xiong Xuqiang is definitely ambitious. He was unwilling that Yinyi group was just a group involved in the real estate industry. After all, he had seen the impact of the financial crisis on real estate.

As a result, when Yinyi group went well in the real estate field, Yinyi group under Xiong Xuqiang began to enter other industries.

Cross border entry into the resource industry is an option for Xiong Xuqiang. Yinyi group looks for mineral resources everywhere for investment. In Shanxi, China’s coal capital, Yinyi group founded a coal chemical enterprise integrating raw coal mining and coal washing; In Guangxi, Yinyi group built the largest magnesium plant and the second largest nickel plant in China at that time.

The madness for minerals made Yinyi group travel all over Southeast Asian countries to expand.

Gradually, the resource industry has become the second pillar of Yinyi group, and together with the first pillar real estate, it has become the source of income of Yinyi group.

Yinyi group needs a lot of money for its constant pace of external expansion. In addition to borrowing from banks, the best way to get money is to go public in the capital market.

There is a barrier on the listing of Yinyi group. At that time, the CSRC had a policy that the A-share capital market would no longer accept the direct listing of real estate enterprises in principle. So that at that time, country garden, Evergrande and all chose to go to the Hong Kong stock exchange.

The only way left for Yinyi group to list in a shares is backdoor.

Xiong Xuqiang aimed at St Languang, who fell into the mire. At that time, St Languang was operated by the major shareholder Fei, occupying 462 million yuan and paying off 260 million yuan of debt. If Yinyi group wanted to backdoor, it would need to spend more than 600 million yuan, and it might not succeed.

Xiong Xu

In 2021, the new energy passenger vehicle market showed a “dumbbell” sales structure, in which A00 and B-class pure electric vehicles contributed the most to the sales of new energy vehicles in the whole year. According to the data of the passenger Federation, the cumulative sales of A00 pure electric vehicles are about 898500, accounting for 30.1%; The cumulative sales volume of class B pure electric vehicles is about 616000, accounting for 20.6%.

This achievement is driven by the sales of A00 class electric vehicles represented by Wuling Hongguang miniev and class B electric vehicles such as Xiaopeng P7 and BYD Han ev. In contrast, the sales volume of A0 and A-class pure electric vehicles is relatively low. The new energy market has formed a dumbbell development trend, which is quite different from the sales structure of traditional fuel vehicle “spindle”. The mainstream mass market still lacks strong pure electric vehicles.

Today, car companies also focus on the high-end market and sinking market. In particular, Chinese brands have launched their high terminal brands, such as Dongfeng lantu, Geely krypton, Great Wall salon, SAIC Zhiji, etc., opening the way for brands to move up. However, with the promotion of a series of new energy policies to the countryside, the sinking market relative to the high-end market has gradually become the focus of auto enterprises, and a competition for the sinking market has also begun.

The sinking market has greater consumer demands

After returning home for the Spring Festival this year, I found a very interesting phenomenon. In the past, the old family were keen on the elderly scooter, but this year, many people in their hometown drove electric vehicles with formal license plates.

What is more noteworthy is that many people have replaced their fuel vehicles with electric vehicles. The reason is that the oil price is too expensive. Electric vehicles can be charged at home, and the electricity price is also very cheap. It can save a lot of money in a year. Moreover, the price of electric vehicles is not very expensive. Although the mileage is not high, it is enough to travel to and from work and buy vegetables to pick up children.

Among these pure electric vehicles, we see Wuling Hongguang miniev, SAIC Rongwei kelaiwei, Euler white cat (configuration | inquiry), Chery ant EQ1, BAIC new energy EC3, Zero run T03, Jiangling new energy ev3, Nezha N01 and other models. In fact, these vehicles are also the main models of new energy vehicles launched by the Ministry of industry and information technology. The price of these vehicles is less than 100000 yuan, The range is less than 300 kilometers, mainly micro electric vehicles.

Just as the consumption of new energy vehicles in first tier cities has evolved from entry-level models to medium and high-end models, in small and medium-sized cities, many consumers are cultivating the use habits of new energy vehicles through micro electric models of local brands.

According to the data of the passenger Federation, in January 2021, the wholesale sales volume of A00 class was 105000, accounting for 32% of the pure electric; A0 grade wholesale sales volume is 51000, accounting for 15% of pure electric; The sum of the two is equivalent to 47% of the whole new energy vehicle market, accounting for nearly half of the market share.

In other words, these once insignificant cars are changing the sinking market represented by third and fourth tier cities and township areas, which is considered to be the next incremental market of new energy vehicle track.

However, here, consumers do not seem to have as strong awareness of electric vehicle products as those in first tier cities. Even many people do not know the full name of the model they buy, and the configuration is even more unclear. They only remember how much the car costs and how many kilometers it can last.

It is no wonder that many third and fourth tier cities and rural areas have imperfect automobile sales networks. Due to the limited models and insufficient inventory, it is even difficult to find a new energy vehicle in small and medium-sized cities, especially in rural areas. Moreover, many dealerships also sell several models of different brands at the same time, including fuel vehicles and new energy vehicles.

In terms of intelligence, consumers are less concerned. In these areas, highly intelligent models mean that the price will be much higher, so take Nezha cars that are doing well. After the new Nezha V Pro is modified, many advanced intelligent configurations have been added. The high configuration models are also equipped with L2 driving assistance, but it doesn’t seem to play a great role in these areas and the scene is not suitable, We are more concerned about the endurance and price.

The development of new energy vehicles is often accompanied by the process of intellectualization. Some products can even rely on stacking intelligent configurations to improve the product power and raise the vehicle price to more than 300000 yuan. But in the sinking market, intelligent configuration seems to be the most selling point.

In the process of understanding, we also found that consumers have strong demands for the use of micro electric vehicles in third and fourth tier cities and rural areas.

A fellow villager said that the maintenance of electric vehicles basically doesn’t cost a lot of money. Sometimes they will be charged in the unit. In addition to the annual insurance premium, there are almost no other use costs. Moreover, driving to and from work saves a lot of fuel costs. Many people around have bought electric cars, and some have the second one at home.

Moreover, charging in these places is also very convenient. Charging piles can be installed at home, and will not be affected by parking spaces. For example, the overcharge, fast charge and replacement power stations in the first and second tier cities are obviously very blank in these areas, because they are not used much at ordinary times, and the layout is relatively small, which is inconvenient.

This also confirms the common view of most industry analysts that the conditions for installing household charging piles are generally available in township areas, and the vehicles in township areas are mainly daily vehicles. Even if the layout of public charging piles is limited, it will not affect the use experience of consumers too much.

From the perspective of market potential, the sinking market is full of huge consumer demands. Users in the third, fourth and fifth tier cities are pouring into the new energy market very quickly, and their demands for new energy vehicles are also very high.

Increase scale, reduce cost and solve urgent problems

Some car companies tasted the sweetness of sinking the market, so they began to focus more on this market segment, but there is a new problem that we have to pay attention to, that is, the profit point of micro pure electric vehicles is very small, and even many car companies produce them