Original link: https://www.latepost.com/news/dj_detail?id=1412
Tesla’s annual sales target hangs
At the performance meeting in April this year, Tesla CEO Musk and CFO Zach Kirkhorn (Zach Kirkhorn) estimated that the company’s annual production would be between 1.4 million and 1.5 million vehicles.
Intensified market competition and phased production restrictions may make it rare for Tesla to meet production targets. Under the pressure of delivery, Tesla has further bet on the Chinese market, and “price reduction” is the most direct means of acquiring customers.
According to the “China Securities Journal”, Tesla is subsidizing 4,000 yuan in insurance premiums for customers who pay in December and withdraw their cars in China. If you buy Model 3 or Model Y online and deliver it in the same month, you can get a credit subsidy equivalent to 5,000 kilometers of overcharge. If you switch from a gasoline car to a Tesla, you can also try Tesla’s enhanced version of the auto-assisted driving function for free for three months.
Previously, Tesla cut the price of all Model 3 and Model Y models in China by 14,000 yuan to 37,000 yuan. Considering the recent exchange rate trend, Tesla should theoretically increase the price for the Chinese market instead of lowering the price, which makes the price difference between the best-selling Model 3 between China and the United States continue to widen.
But this month, Tesla also began to subsidize the US market. Owners who bought a Model 3 and drove it home that month had a $3,750 discount.
Also facing factors such as rising raw material prices and rising freight costs, Tesla has raised the price of Model 3 five times in a row since 2021, and its annual global sales are still close to one million. The Chinese market absorbed nearly half of the sales. Not so this year. The pressure on Musk’s company is palpable.
BYD has the strongest ability to divert Tesla’s orders. In the second quarter of this year, BYD’s quarterly sales of electric vehicles surpassed Tesla for the first time. According to data from the Passenger Federation, as of the end of October, BYD’s cumulative sales for the year (1.358 million vehicles) were about four times that of Tesla China (335,000 vehicles).
According to the financial report, BYD’s cumulative sales in the first three quarters were approximately 1.175 million vehicles, and Tesla’s global sales were approximately 908,000 vehicles. At the end of the quarter, Tesla’s target completion rate was 62%. (Gong Fangyi)
Apple suppliers expand investment in India
China is Apple’s largest production base, and more than 95% of Apple products are produced in China.
According to data from JPMorgan Chase, almost all MacBooks and more than 90% of iPhones, iPads and Apple Watches are produced in mainland China. Among Apple’s main products, only half of the production capacity of AirPods is placed in Vietnam. Among Apple’s largest suppliers, 150 have factories in mainland China.
India, which only accounts for 3.2% of Apple’s production capacity, is expanding investment in this part. According to local media reports, the Indian business giant Tata Group is negotiating with the iPhone foundry Wei Chuang, hoping to acquire one of its factories in India for up to $600 million, or at least establish a joint venture with Wei Chuang — the ultimate goal is to Assembling iPhones in India.
In addition, Foxconn, the largest foundry of the iPhone, plans to increase the production capacity of the Indian factory by 1.5 times next year, and expand its number of employees to four times within two years; Started production; suppliers such as Luxshare Precision are also increasing investment in India.
Compared with Vietnam, India’s main advantage lies in the maturity of the supply chain and the market. Ivan Lam, a senior analyst at research firm Counterpoint Research, told us that in the production of Apple products in India, 15% of the key components and materials can be purchased locally, while the figure in Vietnam is only about 10%.
The population base also determines that India has huge market potential, although for most Indians, Apple products are still very expensive. Against the backdrop of a weak global consumer electronics market, in the second quarter of this year, Apple’s revenue in India nearly doubled year-on-year. In the third quarter, the iPhone (iPhone 13) became the best-selling smartphone in India for the first time.
JPMorgan Chase predicts that by 2025, one in four iPhones will be made in India. However, this does not mean that the cake of the original suppliers will be shared, because they have better experience, efficiency and cost-effectiveness, and it is difficult to replace them in the short term.
For India, it will take time to cultivate local suppliers. “Even if it enters the fruit chain, Apple will only provide some old model orders for trial production at the beginning, and the share will be controlled within 10%. New suppliers will have a stress test stage. Basically, fruit chain companies have to rely on it to survive. Get ahead,” said Ivan Lam. (Qiu Hao)
Chinese developers’ financing channels may be further broadened
According to Wind Information, Bank of China, China Construction Bank, Industrial and Commercial Bank of China and Agricultural Bank of China are required to provide overseas financing with guarantees to real estate developers. A person from a leading real estate company interviewed by the Financial Associated Press confirmed the authenticity of the news and said that a major bank had communicated with him.
- According to previous statistics from Wandian Finance and Economics, as of November 10, at least 99 bonds issued overseas by Chinese-funded real estate companies failed to repay the principal or interest at maturity. Credit entities that have penetrated to the end include Kaisa Group, China Fortune Land Development, Evergrande, Sunshine City, Yuzhou Group, CIFI Holdings, etc.
- There are two more defaults this year than between 2014 and 2021 combined.
- As of December 2, the balance of overseas bonds of Chinese real estate companies reached US$178.4 billion, accounting for 14.47% of the total overseas bonds of Chinese companies.
On November 24th, ICBC announced on November 24th that it had reached a strategic cooperation agreement with 12 real estate companies including Vanke, Longfor, and Country Garden, providing an intentional credit line of up to 655 billion yuan. On the same day, Postal Savings Bank of China, Bank of China, and China Construction Bank also announced similar cooperation with some real estate companies, and the cumulative intended credit line exceeded 1 trillion yuan in less than a week.
A person in the secondary market said that this somewhat shows the attitude of the bank.
The clearer “guidance” at the policy level comes from November 28 – the China Securities Regulatory Commission resumed important “functions” such as refinancing, mergers and acquisitions and reorganizations of A-share and H-share listed real estate companies. On December 2, Shanghai Lujiazui Group announced its preparations for mergers and acquisitions. On the same day, Vanke announced a fixed increase, the upper limit is 20% of the issued shares, which may be worth 40 billion yuan based on the current stock price. (Gong Fangyi)
Nucleic acid results will no longer be checked on buses and subways in many places
Today, Beijing announced that starting next Monday, no 48-hour nucleic acid negative certificate will be required for taking buses and subways. Tianjin and Chongqing also made it clear on the same day that nucleic acid testing will no longer be carried out on the subway.
In addition to the above three cities, Guangzhou, Chengdu, Shijiazhuang and Luoyang no longer check nucleic acid when traveling by public transportation. However, according to our understanding, while some cities have canceled a large number of nucleic acid sampling points, the requirement for nucleic acid testing in public places is still there.
At today’s Guangzhou epidemic prevention and control press conference, Zhang Yi, deputy director of the Guangzhou Health and Health Commission, said that about 90% of the current Guangzhou epidemic was asymptomatic, with only 4 severe and critical cases and no deaths, which shows that Omicron’s The pathogenicity and virulence were significantly lower than the previous original strain and the mutant strain of concern.
Vice Premier Sun Chunlan of the State Council also mentioned twice that the pathogenicity of Omicron is weakening at the symposium on November 30 and December 1.
Zhang Wenhong’s team at Huashan Hospital issued a document on December 1 stating that the prospect of getting out of the epidemic is becoming clearer by protecting the elderly and the weak. The article emphasizes that the widespread vaccination of vaccines, especially the protection of vulnerable groups by vaccines, will be the key to reducing medical runs and overcoming the epidemic.
Zhang Boli, an academician of the Chinese Academy of Engineering, said in an interview with the media on the 17th of last month that the general trend of the optimization and adjustment of the “Twenty Points” is that prevention and control will be more scientific and precise. The state adapted to the characteristics of the virus. As the virus changes and the epidemic changes, follow-up strategies will continue to be adjusted.
Other epidemic prevention-related adjustments include:
- Beijing: Medical institutions are not allowed to reject patients with no nucleic acid results; from December 3, all shopping malls in Beijing will resume business, and some shopping malls will not be able to provide dine-in for the time being.
- Guangzhou: All kinds of public places are open, and you can pass with the green code; you don’t need to check the nucleic acid for 48 hours when you buy medicines for colds and antipyretics.
- Chengdu: You can enter public places by scanning the QR code.
- Guiyang: People with yellow codes can stay in hotels, and ordinary people can do nucleic acid twice a week for free.
- Jincheng, Shanxi: Resumption of work and production in an orderly manner, can enter theaters and KTV, but cannot dine in.
At the same time, Shandong, Hebei, Jiangsu and many other places issued special bonds to build shelter isolation points. (Qiu Hao)
OpenAI’s new chatbot is good at coding
On November 30, OpenAI, an American artificial intelligence research institution, released ChatGPT, a chat robot application. People only need to input what they want to say or the problems they want to solve, and ChatGPT can give seemingly accurate and meaningful answers. OpenAI specifically emphasizes that harmful content is excluded.
OpenAI showed on the blog that ChatGPT can find problems in program code, explain scientific theorems and show how to use them, introduce themselves to neighbors, and more. After ChatGPT went online, many people tried to discover its uses, such as writing code, poetry, drama scripts, speeches, prompts for artificial intelligence to generate pictures, game settings, and even university papers.
Some tryers believe that ChatGPT’s feedback is accurate and meaningful, and some even say “Google is done”.
OpenAI developed ChatGPT based on the GPT-3.5 series of models. GPT-3.5 is the latest version of Open AI’s giant model GPT-3 (175 billion parameters) released in 2020. GPT-3 is trained from most of the English text on the Internet, and the entire English Wikipedia only accounts for 0.6% of its training data.
GPT-3 can handle dozens of tasks such as translation, dialogue, reading comprehension, continuation of content, and supplementary code after minor adjustments, and its performance is better than many people.
Many scientists and big tech companies believe that large models such as GPT-3 are the most important advances in artificial intelligence today. But large models are complex to use, often requiring a specific programming language or cumbersome setup.
There have been some changes this year, such as the DALL-E2 released by OpenAI, which can generate corresponding pictures based on people inputting a sentence. The changes in ChatGPT are similar. People only need to input text, and they can call the ability of the large model to complete various things (provided that they register an account with OpenAI).
ChatGPT still has various problems, such as generating false content to mislead people, making more spam on the Internet, and so on. In the view of OpenAI CEO Sam Altman (Sam Altman), ChatGPT is a demonstration, and interaction with text will be a future development direction of (artificial intelligence). (He Qianming)
OTHER NEWS
Xu Jiayin presided over the special meeting on the Evergrande Baojiao Building.
On the evening of December 2, Xu Jiayin, chairman of Evergrande Group, dispelled some rumors about him today in this way. Xu Jiayin said at the meeting that Evergrande will strive to deliver 300,000 sets this year, and the current gap is 44,000 sets.
China’s international flight traffic increased for the first time since February 2020.
According to the data of Fei Chang Zhun, in November, the number of passenger flights operated by domestic airlines on international routes (including Hong Kong, Macao and Taiwan) was 4943, a year-on-year increase of 14.5%. It is not only the monthly peak this year, but also the first year-on-year growth since the epidemic. The top three routes are Shanghai Pudong to Macau, China, Shanghai Pudong to Seoul Incheon, Beijing Capital to Hong Kong, China.
Guangzhou’s single-day subway passenger flow resumed to 4.29 million.
According to Wind data, the passenger flow of Guangzhou Metro on December 1 recovered to 4.293 million from 1.984 million the previous day, the highest value since November 5. In previous years, the single-day passenger flow of Guangzhou Metro was 8 million to 11 million people.
The traffic volume of trucks on highways across the country rebounded.
According to the data from the Ministry of Communications, on December 1, there were 6.2308 million trucks on highways across the country, a month-on-month increase and still at the lowest level since the outbreak of the epidemic.
Adidas and Nike will significantly reduce production next year.
According to media reports, Nike and Adidas will cut production by 30% to 40% starting next year due to the decline in Chinese performance and the closure of Russian operations. At present, factories in Vietnam and Indonesia have already felt the decline in demand, and the operating rate of factories has dropped from about 83% to 61%. People familiar with the matter expect the production cuts could last until 2024.
Many banks in Guangzhou support a maximum deferment of mortgage repayment for 3 years.
Recently, a number of mainstream banks such as Industrial and Commercial Bank of China, China Construction Bank, Bank of China, China Merchants Bank and China Guangfa Bank have launched personal housing loan deferred repayment services in Guangzhou, and the extension period ranges from 3 months to 36 months.
The 2023 F1 Chinese Grand Prix has been cancelled.
On December 2, the F1 World Championship officially announced that due to the continued impact of the new crown epidemic, the 2023 Chinese Grand Prix will not be held. The Chinese Grand Prix has been absent for three consecutive years. In the calendar announced in September this year, it was planned to resume in Shanghai in April next year.
Goertek significantly lowered its performance this year.
Due to the impact of Apple’s earphone cancellation incident, Goertek issued an announcement this evening to significantly lower its annual performance. It is estimated that the net profit in 2022 will be 1.71 billion to 2.14 billion yuan. The previous net profit is expected to exceed 4 billion yuan. The company’s direct losses and asset impairment losses About 2 billion – 2.4 billion.
China’s biological new crown vaccine can cover people over 60 years old.
According to the WeChat public account of China Biotech, the World Health Organization (WHO) recently expanded the recommended age of use of Sinopharm China Biotech’s new crown vaccine to 60 years old and above. recognized.
US non-farm payrolls data in November far exceeded expectations.
On December 2, the U.S. Bureau of Labor Statistics released data showing that the number of non-agricultural employment in the United States increased by 263,000 in November, much higher than the consensus estimate of 200,000, and average wages soared, indicating that the job market is still strong. Inflation needs to be kept under control.
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