recently, Tencent (HK00700, with a stock price of HK $348.400 and a market value of HK $3.29 trillion) released a large-scale "global intelligence" plan for the auto industry, which has attracted widespread attention.

Today, intelligent and networked technology has become the commanding heights of the automotive industry. Tencent launched the program is in line with the trend of the times. It uses large model technology to deeply reshape the algorithm and logic of smart cars, injecting new vitality into the productivity innovation of the automobile industry.

However, in the process of applying large model technology in the automotive industry, there are still many challenges, such as model optimization, data processing, and computing power improvement. It is these challenges that have stimulated the enthusiasm for innovation in the automotive industry, and also let everyone see the active exploration and breakthroughs of my country's automotive industry in advanced computing power and other fields.

at the same time, SAIC group (SH600104, stock price 15.20 yuan, market value 175.9 billion yuan) launched the world's first "hydrogen fuel extended range car" and Xiaomi group (HK01810, stock price 17.360 hong kong dollars, market value 433.2 billion hong kong dollars) in the field of intelligent driving continued deep cultivation, also demonstrated the ambition of China's automobile brands in new energy vehicles and intelligent technology.

Strategic Decisions

Xiaomi Group-W(HK01810): Will further increase investment in the field of intelligent driving

on April 23, lei jun, chairman and CEO of Xiaomi group, said at the Xiaomi group investor conference that the gross profit margin of Xiaomi SU7 is expected to be 5% ~ 10%. Lei Jun also said that at present, the smart driving team has a budget of about 1.5 billion yuan a year, which is about more than 1000 engineers. In the next stage, it will expand to 1500 this year and 2000 next year, further increasing its investment in smart driving. In terms of overseas market planning, Lei Jun said that in terms of business deployment, 100 percent will focus on the domestic market in the next three years, and doing a good job in the Chinese market is the first step for Xiaomi.

Comments: Lei Jun's smart driving team budget and personnel expansion plan indicate that Xiaomi Group is accelerating its core competitiveness in the field of smart driving. At the same time, Xiaomi SU7's gross margin is expected to be in a reasonable range, but it is expected to improve further as the technology matures and economies of scale appear.

Major Release

jingdong group-SW(HK09618): public welfare project "starlight transmission" plan to set sail again

on April 23, jingdong public welfare project "starlight transmission" plan set sail again to continue to help improve the reading conditions of rural children. It is reported that this year the project will focus on the group of left-behind and migrant children. While providing them with rich and high-quality books, it will strive to create a good reading environment to better meet the reading needs of children.

Comment: Reading is a vital part of children's growth, and it is of great significance to improve children's cognitive, emotional and social skills. This year's "Starlight Transmission" program focuses on left-behind and migrant children, providing them with a wealth of high-quality books and improving their reading environment, which not only helps to improve the reading level of rural children, but also reflects Jingdong's deep concern for the education of vulnerable groups. it shows its social responsibility as a large enterprise.

JinkoSolar (SH688223): officially became a member of the Global Solar Council

Recently, JinkoSolar announced that it has officially become a member of the Global So-lar Council (GSC). It is reported that the Global Solar Council, as the global spokesperson of the solar power industry, brings together countries, regions, international associations and industry giants from all over the world to work together to tap the unlimited potential of solar energy, promote the green revolution of the energy system, and bring society Economic benefits and environmental benefits.

Comment: JinkoSolar has officially become a member of the Global Solar Council, marking its international status in the photovoltaic industry to further enhance. At the same time, this move is also expected to bring more international cooperation opportunities and business growth points to JinkoSolar, and inject new impetus into the development of the global solar energy industry, and bring more economic benefits and environmental benefits to the society.

Operational Initiatives

Baidu group-SW(HK09888): Baidu encyclopedia App releases offline notice

on April 22, Baidu encyclopedia App issued an offline notice. It is reported that Baidu Encyclopedia team decided to close Baidu Encyclopedia App service on June 30, 2024 and will continue to provide services in Baidu Encyclopedia applet in Baidu App. According to Apple App Store data, Baidu Encyclopedia App scored 3.1 points.

Comment: This decision reflects Baidu's optimization strategy in the field of mobile applications. Baidu Encyclopedia App scored only 3.1 points in the Apple App Store, which may indicate that its user experience and market performance are not ideal. Closing App and integrating services into small programs in Baidu App not only helps to improve the continuity and convenience of user experience, but also helps to reduce operating costs and concentrate resources to optimize core products.

Nongfu Spring (HK09633): Purified Water Products Coming Soon

According to the "Daily Economic News" report on April 23, a number of Nongfu Spring employees released Nongfu Spring purified water products in the WeChat circle of friends. According to the surging news on April 25, a staff member of Nongfu mountain spring said: "now the goods are distributed offline one after another, and the follow-up (online and offline) will also be listed."

Comments: Nongfu Spring used to focus on mineral water. Recently, it may launch pure water products, which is also regarded as a comprehensive competition against Wahaha, Yibao and other brands. Prior to this, its competitors Wahaha, Yibao and other brands have launched mineral water products.

New product launch

Tencent Holdings (HK00700): released the automotive industry large model "global intelligence" program

On April 24, Tencent released the "Global Intelligence" plan for the automotive industry model and upgraded the "Cloud and Map" base. According to reports, Tencent has taken the lead in setting up a "dedicated cloud" smart car cloud dual-zone in the industry, and provides full compliance data closed-loop services. It is providing services to enterprises such as Weilai, Mercedes-Benz, Bosch and NVIDIA. In addition, Tencent and more than a dozen auto-related companies such as Changan, FAW Toyota, Dongfeng Landu, and Easy Car have opened the cooperation of large models of the auto industry in core scenarios such as auto research and development, production, marketing, service, and corporate collaboration.

Comment: In the new stage of the automotive industry's full embrace of "intelligence", core technologies such as cloud computing, AI, and maps have become important infrastructures for smart cars, promoting the automotive industry to achieve "global intelligence". Tencent released the automotive industry model "global intelligence" program, in line with the current needs of the digital transformation of the automotive industry, showing a certain degree of market competitiveness.

Technology Innovation

SAIC (SH600104): the world's first "hydrogen fuel extended range car" unveiled at the Beijing auto show

On April 25, at the 18th Beijing International Automobile Exhibition, the Roewe iMAX8 hydrogen fuel extended range hybrid MPV was unveiled. According to reports, this is the world's first hydrogen-fueled extended-range vehicle, jointly built by an "innovation consortium" established by SAIC and Tongji University. The new car is equipped with SAIC's world-first hydrogen fuel extended-range hybrid system, including a low-power hydrogen fuel cell system, an electric shaft drive system, and a large-capacity power battery, which can be flexible between the three drive modes of pure electric priority, intelligent hybrid, and compulsory power protection. switch.

Comment: The world's first hydrogen-fueled extended-range vehicle unveiled at the Beijing Auto Show demonstrates SAIC's deep technology accumulation and forward-looking layout in the field of new energy vehicles. As the first automobile enterprise in China to carry out the research and development of hydrogen fuel cell technology, SAIC started the Phoenix No. 1 fuel cell vehicle project as early as 2001. Over the years, SAIC has continued to invest in solid research and development, with cumulative research and development costs reaching billions of yuan.

Important cooperation

Lenovo Group (HK00992): Announces New XR Partnership with Meta

on April 22, Lenovo announced a new XR partnership with Meta. Lenovo will first support Meta Horizon OS and provide developers with more choices by supporting a large hardware ecosystem so that they can develop applications on the platform and reach audiences. the two sides will jointly develop and sell Lenovo's mixed reality products to the market. It is reported that Meta Horizon OS is the next generation computing platform built by Meta for ten years. It has developed technologies such as inside-out tracking. In order to have a more natural interactive system and social existence, it has developed eye, face, hand and body tracking.

Comment: This marks a deep collaboration between the two tech giants in the field of mixed reality. Meta's Meta Horizon OS, as the leading XR operating system, will provide strong technical support for Lenovo's mixed reality products. Lenovo provides developers with more choices and opportunities by supporting a large hardware ecosystem to jointly promote the development and popularization of XR applications.