1.Before March concludes, Horizon intends to submit its application to the Hong Kong Stock Exchange.
March 18th saw Caixin News Agency’s report on Horizon’s preparations for a Hong Kong IPO prospectus, with CITIC Securities International, Goldman Sachs, and Morgan Stanley chosen as joint sponsors. According to a market insider, “I plan to submit my IPO application to the Hong Kong Stock Exchange within the next two weeks.” In response, Horizon stated, “We will refrain from commenting on market rumors.”
During the Hundred People Forum on March 16th, Yu Kai, founder and CEO of Horizon, identified two standout applications in the era of intelligent electric vehicles: large models and intelligent driving. With the backing of these applications, China stands poised to foster world-class operating system and computing solution companies amid the developmental phase of the intelligent automotive industry.
2. April pre-sale: Nezha L, Star Era ET
March 18th saw Zhang Yong, CEO of Nezha Motors, unveil the luxurious features of the Nezha L, including an independent compressor and a double-door refrigerator capable of chilling to minus 6 degrees Celsius. Alongside these amenities, the vehicle will boast two 15.6-inch large screens and zero-gravity 8-point massage seats, promising users the epitome of comfort. Nezha L is slated to commence pre-sales in April and officially hit the market, offering a midsize SUV meticulously crafted on a mountain and sea platform. It will be available in two power options: pure electric and extended range, catering to diverse travel needs.
Furthermore, the inaugural SUV of the Star Era, the Star Era ET, is set to kick off pre-sales on April 15th. Built upon Chery’s brand-new E0X high-end intelligent electric platform, this new vehicle sets its sights on the mid to large SUV market segment.
2.The inaugural domestically manufactured air taxi is now available for purchase worldwide.
As reported by the Voice of the Greater Bay Area on March 18th, the Yihang EH216-S, the world’s inaugural domestically developed “air taxi” with airworthiness certification, made its debut on Taobao, priced at 2.39 million yuan.
5. Lynk&Co Pure Electric Sedan Information Disclosure, Or Named Lynk&Co Zero
Breaking news from First Electric: Lynk&Co’s inaugural all-electric sedan (codenamed E371) is set for its grand unveiling at the European Design Center in April. Anticipated to bear the moniker Lynk&Co Zero, this upcoming vehicle is poised as a midsize, high-performance pure electric sports sedan, sharing an 800V high-voltage platform with the Geely Krypton. It will boast a digital concept chassis, featuring wheel electric drive and rear-wheel steering functionalities, alongside innovative driving modes like tank turn and crab driving. With support from AI chassis, CDC electromagnetic suspension, and dual-chamber air suspension technology, it achieves active adjustment, magic carpet, and pneumatic functions. Scheduled for an official launch in the middle of the year, it is expected to be priced between 200,000 to 300,000 yuan. Furthermore, the new car will be equipped with a self-developed E05 car infotainment chip, surpassing Qualcomm’s 8295 chip in computing power, while also integrating LiDAR technology.
6. Zhiji L6 announces the world’s first “VMC Smart Digital Chassis”
In a recent announcement on First Electric News, Zhiji Automobile revealed that its Zhiji L6 will feature VMC intelligent digital chassis technology and make its debut for domestic consumers at the 2024 Beijing Auto Show, with a slated launch in May. The first-generation VMC (Vehicle Motion Control) intelligent digital chassis technology integrated into the Zhiji L6 incorporates cutting-edge chassis hardware, including rear-wheel steering, intelligent electronic shock absorbers, air suspension, and electric drive. This groundbreaking technology enables the coordination of the vehicle’s acceleration, braking, steering, and shock absorption, transcending conventional boundaries by achieving synchronized control of the vehicle’s body posture in the X, Y, and Z directions with six degrees of freedom. Such innovation unlocks novel functionalities like “crab-like” movement, pushing past the limitations of traditional vehicles.
7. Officially reduced by 24000 yuan, Hyundai Elantra starts at 75800 yuan for sale
As per recent updates from Autohome News, official sources have revealed that Hyundai Motor has initiated promotional campaigns for five models within its lineup. Among these offerings, the Elantra (specifications | inquiry) is priced starting from 75,800 yuan, while the ix35 Musa starts at 99,800 yuan, the Tucson L at 134,800 yuan, the Shengda Traveler at 166,000 yuan, and the Kusitu at 148,000 yuan. Currently, the Elantra boasts seven available models, ranging in price from 99,800 to 129,800 yuan, with the new starting price witnessing a reduction of 24,000 yuan.
8. Exposed that all employees of Hechuang Automobile are forced to sell cars on site, and their salaries will not be deducted until they meet the sales targets
In the latest tech update: An insider from Hechuang Automobile has shared details about the company’s “Resident Assistance Plan,” recently issued by its headquarters. Under this initiative, employees are tasked with selling cars in dealer stores. Co Creation’s reward and penalty system outlines that staff who complete car sales can earn a transaction bonus equivalent to 3% of the guided price of the vehicle, with a maximum reward exceeding 12,000 yuan.
For those unable to meet sales targets, varying penalties will be applied to annual settlement salaries based on employee ranks. Deductions will be capped at the lowest unit price of Hechuang’s available models, with a maximum deduction exceeding 130,000 yuan.
Additionally, the informant revealed that all units within the Hopson Group and the Pearl River Group system are included in Hechuang Auto’s overall marketing scope. As a guideline, each person is expected to sell one Hechuang Auto in 2023, with exceptions made for special positions.
