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If someone says to you

Just lend the phone card and bank card for a while.

Brush running water

You can get a quick loan.

Solve an urgent need

What would you do?

Case 1

Mr. Wang is a little short of money recently and wants to apply for a loan. One day, he met a person on Tik Tok, and chatted with him and said that he could help Mr. Wang with a loan. However, at present, Mr. Wang’s credit information is not good, so he needs to beautify the credit information and brush the water first.

The two agreed to meet offline, and the other party used Mr. Wang’s mobile phone, ID card and bank card to operate, saying that after leaving personal information, he could go home and wait for news.

After returning home, Mr. Wang found a sum of money in his account. However, the other party asked Mr. Wang to go to the bank to take out the money and return it to the other party on the grounds of "operational error and unable to withdraw money from the account" before lending.

When Mr. Wang returned the money to the other party and asked again when his loan arrived, the other party had blacked out Mr. Wang. When the public security organs found Mr. Wang, he realized that he had somehow become an accomplice in the "two cards" crime.

travel to watch industry

Mr. Li was dragged into a QQ group when surfing the Internet. The owner of the group privately said that he could provide him with 1.5 million yuan for poverty alleviation. However, the running water of Mr. Li’s bank card was not enough, and it was necessary to brush up the running water before the loan could be approved.

Under the guidance of the other party, Mr. Li downloaded an APP and began to brush the water in the APP. What Mr. Li doesn’t know is that this "poverty alleviation fund" doesn’t exist at all, and the so-called "brushing water" is also facilitating criminals to commit telecommunication network fraud crimes.

So what exactly is the "two cards" illegal crime?

What is "two cards"?

The so-called "two cards" refer to mobile phone cards and bank cards. Among them, bank cards include personal bank cards, corporate accounts and settlement cards, as well as accounts of non-bank payment institutions, that is, third-party payments such as WeChat and Alipay commonly used by the public. The crime of "two cards" refers to the illegal activities of renting, selling and buying "two cards".

What is the "two cards" illegal crime?

Illegally renting, selling or buying "two cards" for criminal activities or being used by others, if the circumstances are serious, constitutes the crime of helping information network activities, which is commonly called "helping the letter". In addition to the well-known selling and leasing of bank cards for money laundering, calling cards and internet accounts associated with calling cards are more hidden in the illegal activities of electric fraud, but the legal consequences are more direct.

Legal Consequences of "Two Cards" Crime

Article 38 of the Anti-Telecommunication Network Fraud Law stipulates that those who organize, plan, implement or participate in telecommunication network fraud activities or provide assistance to telecommunication network fraud activities, which constitutes a crime, shall be investigated for criminal responsibility according to law. If the act mentioned in the preceding paragraph does not constitute a crime, the public security organ shall detain it for more than ten days and less than fifteen days; If the illegal income is confiscated, a fine of not less than one time but not more than ten times shall be imposed. If there is no illegal income or the illegal income is less than 10,000 yuan, a fine of not more than 100,000 yuan shall be imposed.

1. Protect personal information and properly keep your ID card, mobile phone, bank card, online banking U shield, etc. Do not rent, lend or sell calling cards and financial accounts, including bank cards, WeChat, Alipay accounts and payment QR codes.

2. Don’t log in or click on unknown websites, text messages and emails, don’t easily add strangers as friends, and don’t download strange apps.

3. Handle bank account business through formal channels, and pay attention to safety precautions when operating self-service equipment such as ATM machines. Download and install online banking, mobile banking security controls and client software from formal channels, and turn off the remote login function of the computer system.

4. A large number of bank cards and phone cards with "false names" will not only be used by criminals to commit telecommunication network fraud, but also be used by money laundering criminal gangs to launder money and evade taxes, and will also be used for crimes such as online drug trafficking and online gambling. Illegal buying and selling of "two cards" is bound to face legal sanctions. If you find illegal and criminal acts such as buying and selling, renting telephone cards and bank cards, you should report them to the public security organs in time.

Original title: "If you want to borrow money, use a bank card to brush the water first? Be careful to become a "tool man" of electric fraud! 》

Read the original text

Bai Baihe, Xu Jinglei

Directed by Xu Jinglei, the action police and bandit film starring Bai Baihe, Huang Lixing and Ming Dao released a set of "multiple interpretations of love" pictures on Valentine’s Day, which made people imagine the emotional ripples and cooperation opportunities of the four creators inside and outside the play. Several creators also revealed many on-set stories during the filming process, and released some of the plot characters in the film in advance. It is reported that the movie "The Kidnapper" will be officially released on April 1.

Love is a long-term love, Xu Jinglei Bai Baihe met for the first time in ten years

A police mother who lost her daughter, director Xu Jinglei felt that Bai Baihe was the best candidate for the role. In order to show the best character state, the crew hired a professional action directing team to conduct a brutal two-month special training for the actors before filming. During the training, Bai Baihe, as the heroine, has been training with illness. "Bai Baihe is very hard-working, and his body has long been blue and purple, and he is not squeamish at all." Such a serious attitude was certified by the director.

During the filming of this film, seeing the director deal with many affairs decisively on the scene every day also made Bai Baihe feel "very safe." When he saw Old Xu in private, he had another face, "Every time I see her, she is very happy." The two have been together for more than ten years, and the cooperation of "The Kidnapper" also generates mutual joy.

Ming Dao, Huang Lixing

Love is an argument, Xu Jinglei and Huang Lixing’s studio face off fiercely

Huang Lixing has co-starred with Xu Jinglei in the workplace romance film twice, and also participated in the cameo two years ago. The two who have cooperated many times are not so "polite" in their working state. This time, director Xu Jinglei challenged the action police film "The Kidnapper" for the first time, and Huang Lixing also upgraded to a tough guy look.

The Virgo Huang Lixing is a real "logic control". He plays a wanted man with amnesia in the film, and he often argues with the director on the set over the logic of the film. "Ask me a lot, I’m going crazy." Xu Jinglei complained bitterly. But such discussions provide more new ideas and perspectives for the film, prompting the director to think about these issues repeatedly and actively seek solutions with the team.

Ming Dao, Xu Jinglei

Love is a reunion, Xu Jinglei will meet again after many years

By chance, Xu Jinglei met him in Mingdao’s studio many years later.

In everyone’s impression, it was still Mingdao who looked like an idol drama star. The image when they met this time also made Xu Jinglei completely unexpected: "Tanned, tall and strong, very man, not very trimmed." It was exactly the same as Lu Ran in her mind.

It was also this re-acquaintance that made Xu Jinglei invite Ming Dao to join "The Kidnapper" and play the role of the Serious Crime Squad Sheriff. During the filming of the movie, Ming Dao, who had rarely shot action scenes before, worked hard to participate in training for the role. Ming Dao’s serious and hard-working attitude once again surprised the director and partners.

Huang Lixing, Bai Baihe

Love is tacit understanding, Bai Baihe Huang Lixing’s studio plays the code

The characters of Bai Baihe and Huang Lixing have a little emotional connection, "a fleeting ambiguity". However, due to the overall rhythm and logic of the action film, this emotional content was weakened in the film.

But this "emotion" has established a considerable sense of tacit understanding between the two. Because there are many fighting scenes in the film, Bai Baihe and Huang Lixing also set a password for an action rhythm to be consistent, and an action is deliberately repeated more than a dozen times in front of the camera, like a child who loves to play.

Love is to cherish each other, Huang Lixing, Mingdao, cooperation and mutual respect

From the hip-hop singer on stage who is full of energy, to the actor Yang Nian, who handles his characters with meticulous ease on the set of an action movie, Ming Dao can’t connect the person in front of him with the "Huang Lixing" in his mind, even when he is playing opposite scenes. Huang Lixing also expressed his great love for working with Ming Dao. "His charm is because of his hard work," and he was amazed by Ming Dao in the interview.

As the two main male actors in the film, Huang Lixing and Ming Dao went from being unfamiliar with each other to respecting each other and becoming good friends in private. Although the two are facing off against the police in the film, they cherish each other outside the film.

The film "The Kidnapper" is produced by Beijing Flower Blossom Film Company and will be released nationwide on April 1.

One of Tan Zhuo’s favorite photos during his lifetime became his last photo.

Data map: Photo by Ren Ye, a reporter for the driver involved in the accident

　　The public questions the "5.7" drag racing death case

　　Our reporter, Wang Chengming, correspondent, Yan Yongzhou

　　Question 1: Can the perpetrator still go home and surf the Internet?

　　After the QQ space of the perpetrator Hu Bin was found and cracked by netizens, there were photos of Hu Bin himself traveling in Beijing in the space. The mood of the space owner was updated in the early morning of May 8 to: "Blank, causing a big disaster." This update aroused strong doubts from netizens: Under the premise of criminal responsibility, the perpetrator Hu Bin was actually lifted from the compulsory measures that night and went home to surf the Internet?

　　One car owner, who did not want to be named, said that at the scene of the incident, the attitude of the traffic police handling the case changed subtly before and after the long phone contact with the perpetrator’s mother. And Hu Bin was able to go home that night. The fact that Hu Bin was not investigated for multiple violations before the incident also raises questions. It can be said that this "loose" law enforcement environment created the impunity of lawbreakers and led to the tragedy.

　　Question 2: The speed of the vehicle involved in the accident was only 70 yards per hour?

　　At the first press conference of the West Lake Traffic Control Department, it was initially determined that the speed of the vehicle involved was 70 yards per hour, based on the statements of the parties and the statements of relevant witnesses.

　　This raised more questions. Witnesses at the scene at the time said that Tan Zhuo flew nearly 5 meters high when he was hit by the car, and it was obvious that the speed of 70 yards per hour could not be established.

　　A vehicle expert, who did not want to be named, believes that according to the original braking equipment of the accident car factory, it takes about 35 meters to brake at a speed of 100 kilometers per hour to 0. After the vehicle hits the person, it takes more than 50 meters to stop. According to the driver’s instinctive reaction, assuming that he braked at full force at that time and the speed was at least 100 kilometers or more, according to the speed limit of 50 kilometers on this road, it is absolutely not wrong to say that the perpetrator was speeding at more than double the speed at that time.

　　The traffic control department has released information one after another in the past two days, and has re-visited the scene to measure the speed of the vehicle, but the public still has doubts. Can the speed measurement of the accident be more transparent?

　　Question 3: Is it a "traffic accident" or "endangering public safety"?

　　After Hu Bin was criminally detained by the police on the charge of "causing a traffic accident," the public questioned that his drag racing in a busy area caused death, which constituted "disregard for the safety of unspecified public personnel" and met the criminal requirements of "endangering public safety."

　　Because the penalties for the two crimes in the Criminal Law are far apart, the former can be sentenced to less than three years in prison, while the latter can be sentenced to death.

　　Liu Chenglin, a lawyer at Liuhe Law Firm, expressed confidence that the court will make a trial according to law. He believes that the core of the case is the subjective intention of the perpetrator Hu Bin to drive at high speed. In any case, I believe that the huge social effect of this incident will become an important reference indicator for the judge to decide the case.

　　(Hangzhou, May 12)

　　Ask "Road Killer"

　　A university graduate in his prime has left us regretfully. But who will be next? When will "road killers" stop taking lives?

　　One of the follow-up questions:

　　A "killer" who doesn’t pay for his life can only be let go?

　　Everyone knows that "ten accidents are nine times faster".

　　But why are so many people still speeding recklessly, even in the streets?

　　"The most important thing is to have a heavy enough price for breaking the law so that those people don’t dare to do whatever they want." Many experts and readers have pointed out that from a management perspective, the penalties for those responsible for traffic accidents are too light. Generally, points are deducted and money is lost, and most of them do not need to pay for themselves, and the insurance company will settle the claim. Even if the person is killed, according to the "Criminal Law", it is generally sentenced to fixed-term imprisonment of not more than three years or criminal detention.

　　Xiao Yan, an associate professor at Guanghua Law School at Zhejiang University, said: "I think some serious speeding violations should not be equated with ordinary traffic accidents. The nature of this mentality is’disregard for the safety of unspecified public personnel ‘, and should be considered for suspected endangerment of public safety." In August last year, the Chaoyang District People’s Court in Beijing sentenced three young men for the first time for "endangering public safety".

　　According to the provisions of the Criminal Law, crimes against public safety are felonies punishable by fixed-term imprisonment of more than 10 years, life imprisonment or the death penalty. The deterrent effect of felonies on traffic offenders will undoubtedly be greatly enhanced.

　　The second question:

　　Illegal rage, can you revoke the "killer license" in time?

　　The perpetrator of the "May 7" drag racing death in Hangzhou had speeding three times before, including the one in December last year, which reached 210 kilometers per hour, while the speed limit was 120 kilometers per hour, far more than 50%.

　　The province’s penalties for serious speeding violations have always been strict, exceeding the specified speed by more than 50%, and the driver’s license will be revoked.

　　Liu Zikun, a driver with more than 10 years of driving experience, said: "The reason why the driver’s license of this perpetrator has not been revoked may involve a procedural issue. Now catching speeding is basically an off-site law enforcement, and then the punishment notice is mailed to the offender. If the offender does not take the initiative to accept the punishment, it will be counted as a’general ledger ‘at the annual trial."

　　Liu Zikun said that if the off-site law enforcement finds that the driver’s license is to be revoked, it should be "specially handled" and severely punished as soon as it is found. Only in this way can the threat to public safety and other lives be reduced in a timely manner, and it is also a more responsible approach for the violator himself.

　　Question number three:

　　The zebra crossing has become a "death line", where does the sense of security come from?

　　"Pedestrians are frequently killed at zebra crossings, which is almost a’death line ‘. This is a great irony to social order and modern rule of law."

Fujiazi drag racing accident news tracking:

　　　 The Revelation of the Case of Hangzhou Fujiazi’s Drag Racing Death (Part 1)

　　　 The Revelation of the Case of Hangzhou Fujiazi’s Drag Racing Death (Part 2)

　　　 Hangzhou Fujiazi drag car crash continues: Police urgently search for two key witnesses

　　　 The "rich family son" drag racing tragedy continues: the Public Security Bureau answers questions from the outside world

　　　 Flaunting wealth and hating wealth: the social divide that cannot be ignored

　　　 Hangzhou police talk about the death of a rich boy in a drag racing accident: the case will be handled fairly

　　　 Fujiazi once raced on the Shanghai-Hangzhou Expressway to 210 kilometers per hour

　　　 Expert: Rich boy’s drag racing behavior has been suspected of "endangering public safety"

　　　 Sunshine, motivated, caring, loving life, this is Tan Zhuo

　　　 Tan Zhuo, go well, there are no cars coming and going in heaven

　　　 Why do highways frequently stage "life and death speed"?

"Ferryman" and "To Youth 2" projects were exposed

　 　 1905 movie network news Recently, some netizens on Weibo revealed several new film plans for 2015. In addition to the already public "To Youth 2", which has been produced by Wang Jiawei, directed by Zhang Jiajia, and starred by Wu Yifan, the lineup of several other films is also quite interesting. Among them, Zhou Xun and Yao Chen will co-star in "Love Returns to CBD", Deng Chao will star in Zhang Jiajia’s film adaptation, and Peng Yuyan and Zhou Dongyu will co-star in the film, all of which were first exposed in 2015.

　 　 Previously, the news that "Ferryman" was produced by Wong Kar-wai, directed by Zhang Jiajia, and starring Tony Leung has been officially announced by the filmmaker Ali Pictures, and the exposed information also revealed that a first-line popular actress is also in talks. The film will be released before June 2016. In addition to the male lead Wu Yifan who has signed the contract, "To Youth 2, You Are Here" is also negotiating for Angelababy and Jing Boran to star. The film is expected to be released by the end of this year.

"Love Returns to CBD" and "Passing Through Your World" plans were exposed

　 　 The news of several films in this revelation can be described as heavy news. Zhou Xun and Yao Chen have signed on to star in "Love Returns to CBD". The director of the film is Lu Yang, who has successfully directed, and the two male lead candidates are also likely to be Wu Yanzu and Feng Shaofeng in negotiations. If true, the lineup is strong. The film is an inspirational female film about Zhou Xun’s role as a female assistant at a Wall Street investment bank who is determined to pursue and reinvent herself under the dilemma of love and morality. It will start in Beijing, Hong Kong and New York in March this year, and is expected to be released in the New Year’s Eve in 2016.

　 　 Previously, the news that Zhang Jiajia’s work "Passing Through Your World" would be made into a movie attracted much attention, and this time, Zhang Jiajia served as the producer of the film, and the director and starring candidates will be Zhang Yibai and Deng Chao. The film will also be released in the first half of this year and will be released within next year.

The Tibetan White Paper will star Peng Yuyan and Zhou Dongyu

　 　 The previously rumored "Tibetan White Paper" starring Peng Yuyan and Yang Zishan has also been exposed. The candidate for the male lead of the film is still Peng Yuyan, and the candidate for the female lead has become Zhou Dongyu. Based on the diary-style novel of the same name written by real people and true events, the film tells the road love story of a Hong Kong boy and a Jiangxi girl who meet in Lhasa in 2003 during SARS. Directed by director Lin Yuxian and produced by Guan Jinpeng, it will be released before June next year.

1. Macro policies

1. MIIT new energy vehicle subsidy final review released

On October 8, MIIT released the "2018-2020 New Energy Vehicle Promotion and Application Subsidy Fund Liquidation Audit Final and 2020-2022 Subsidy Fund Allocation Announcement". It shows that the subsidy funds after the 2018, 2019 and 2020 New Energy Vehicle Promotion Subsidy Liquidation Audit are 4.005 billion yuan, 4.532 billion yuan and 4.675 billion yuan respectively, totaling more than 13.20 billion yuan; 2020-2022 The annual allocation is nearly 14.90 billion yuan.

In the past few years, subsidies have played an important role in the development of new energy vehicles. New forces have emerged, established companies have grown, and advance funding has reduced the cost of capital for enterprises. Now, the era of new energy vehicle subsidies has also entered the countdown to the end.

2. MIIT launches the first batch of industrial chain supply chain ecosystem construction pilots

On October 10, MIIT announced that it has identified the first batch of 12 cities in Hangzhou, Wuhan, Chengdu, Ningde, Nantong, Weifang, Hefei, Zhuzhou, Guangzhou, Shenzhen, Baotou, and Qiqihar to carry out pilot projects for the construction of industrial chain supply chain ecosystems.

Comments: The pilot method has played an important role in our country’s economic construction, especially in the case of unstable international environment, it is particularly important to ensure the health of the supply chain ecosystem of the industrial chain. The "chip shortage" of the automobile industry is a typical example. The pilot work will escort the development of the automobile industry in our country.

3. Guangdong: The implementation of vehicle and vessel tax standards has been extended to the end of 2027

On October 11, Guangdong Province issued a notice on the continuation of the implementation of the specific applicable tax amount of the vehicle and vessel tax, and decided to extend the specific applicable tax amount of the vehicle and vessel tax stipulated in the "Notice of the People’s Government of Guangdong Province on Adjusting the Specific Applicable Tax Amount of the Vehicle and Vessel Tax" (Yuefu [2017] No. 103) until December 31, 2027. The reduced two tax standards continue to maintain the lowest level in the country.

Comments: In our country’s automobile consumption, local policies have always played an important role, especially the economic provinces attach great importance to this, Guangdong, Jiangsu, Zhejiang, etc. have introduced their own incentive policies, reducing the burden on consumers is conducive to stimulating consumption.

4. The first international standard for autonomous driving test scenarios led by our country was released

On October 13, MIIT officially released the first international standard ISO 34501 in the field of autonomous driving test scenarios led by our country: "Road Vehicles, Autonomous Driving System Test Scenarios, Vocabulary". This standard is the first in a series of international standards planned by our country and experts around autonomous driving test scenarios. In addition, there are ISO 34502 security evaluation framework, ISO 34503 design and operation scope, ISO 34504 scenario classification, and ISO 34505 evaluation and use case generation.

Comments: autonomous driving is the development direction of the automotive industry, but the lack of standards and regulations has also caused many problems, our country led the development of this standard has two meanings, one is to work with countries to end the state of disorderly development; the second is our country led the development of the first international standards, also represents China’s autonomous driving development at the international leading level.

5. General Office of the State Council: Implement the phased reduction of some passenger car purchase taxes and other policies

On October 26, the General Office of the State Council issued a notice on the key task division plan for the 10th national video and telephone conference to deepen the reform of "decentralization, management and service". It mentioned that the implementation of the phased reduction of some passenger car purchase taxes, the continuation of the exemption from the purchase tax of new energy vehicles, the relaxation of the restrictions on the movement of used cars, and the cancellation of restrictions on pickup trucks entering the city.

Comments: With the advancement of the reform of "decentralized services", the automobile market is expected to become more active, which will help to further release the potential of economic growth.

2 Industry trends

1.The national car ownership reached 315 million

On October 8, the Ministry of Public Security released the latest statistics. As of the end of September 2022, the number of motor vehicles in the country reached 412 million, including 315 million cars; 499 million motor vehicle drivers, including 461 million car drivers. 17.40 million newly registered cars in the first three quarters, 6.295 million of which were newly registered in the third quarter, and the monthly average registration volume was significantly higher than that in the first half of the year. In addition, 3.713 million new energy vehicles were newly registered in the first three quarters, and the ownership reached 11.49 million, accounting for 3.65% of the car ownership.

Comments: The ownership data shows that the peak of automobile production and sales in our country has ended, but the total amount is still growing, the demographic dividend has not all disappeared, and the number of registered drivers is still in a state of high and steady growth. In the ownership, the proportion of new energy vehicles will continue to increase, which is a very noteworthy trend.

China Automobile Association: 2.61 million cars were sold in September, and the market share of new energy vehicles was as high as 27.1%.

On October 11, the China Association of Automobile Manufacturers released the latest data showing that in September our country’s automobile production and sales completed 2.672 million and 2.61 million vehicles respectively, an increase of 28.1% and 25.7% year-on-year respectively. From January to September, automobile production and sales completed 19.632 million and 19.47 million vehicles respectively, an increase of 7.4% and 4.4% year-on-year respectively. In addition, the sales of new energy vehicles in September were 708,000 vehicles, an increase of 93.9% and a market share of 27.1%.

Comments: our country’s new energy automobile industry has entered a period of rapid growth, with a market share of 27.1%, which shows that our country’s new energy automobile industry can get rid of subsidy support and rely on market regulation.

3. Ministry of Ecology and Environment: China’s new energy vehicle production and sales rank first in the world

On October 21, the press center of the 20th National Congress of the Communist Party of China held a press conference. Zhai Qing, a member of the party group and vice minister of the Ministry of Ecology and Environment, exchanged views with reporters on the theme of "building a beautiful China where man and nature coexist in harmony". Zhai Qing said that in 2021, the country’s carbon dioxide emissions per unit of GDP decreased by 34.4% compared with 2012, coal’s share in primary energy consumption dropped from 68.5% to 56%, and the scale of development and utilization of renewable energy and the production and sales of new energy vehicles ranked first in the world. Green has gradually become the base color for high-quality development.

Comments: Under the background of "double carbon", our country’s renewable energy, new energy vehicles and other industries are developing rapidly.

4. The cumulative turnover of the national carbon emission trading market exceeds 8.50 billion yuan

On October 27, Li Gao, director of the Climate Change Department of the Ministry of Ecology and Environment of China, said that in July 2021, the national carbon emission trading market will officially start online trading. As of October 21, 2022, the cumulative transaction volume of carbon emission quotas is about 196 million tons, and the cumulative transaction volume is 8.58 billion yuan. The market operation is generally stable and orderly.

Comments: The national carbon emission trading market is an important policy tool for implementing the "double carbon" goal and an important engine for promoting green and low-carbon development.

3 International situation

The US government will invest nearly 60 billion dollars to improve the transportation system

On October 11, the US government announced that it would invest nearly 60 billion dollars in roads, bridges, tunnels, carbon reduction and safety improvements in all 50 US states. Transportation Secretary Pete Buttigieg said the new funds will be used for projects such as reducing carbon emissions and establishing a nationwide electric vehicle charging network along highways.

Comments: The establishment of a national electric vehicle charging network along the expressway is worthy of attention, and our country is also accelerating the layout of charging facilities on the expressway, which can learn from each other.

2. Nissan, Ford, and Mercedes-Benz withdraw from Russia

On October 11, Nissan officially announced its withdrawal from the Russian market, and the factory and sales center were transferred to local Russian state-owned institutions. On October 26, Mercedes-Benz Group announced that it would withdraw from the Russian market and sell its shares in the Russian subsidiary to local car dealer Avtodom. On the same day, Ford Motor announced that by selling its 49% stake in the Russian joint venture, Ford finally ended its previously suspended Russian business.

As the conflict between Russia and Ukraine continues, automakers see no hope of restarting their business and have chosen to withdraw from Russia.

South Korea’s car exports rose by 34.7% in September

On October 14, the "September Automobile Industry Trends" released by the Ministry of Industry, Trade and Resources of South Korea showed that the export volume of South Korean automobiles in September was about 193,000 vehicles, an increase of 27.5% year-on-year; the export volume was 4.79 billion US dollars, an increase of 34.7% year-on-year, of which the proportion of environmentally friendly models increased significantly. Export volume and export volume both achieved double-digit growth for three consecutive months.

Comments: Sales of Korean cars in the Chinese market have declined, but exports have risen sharply, which is a phenomenon worthy of attention, providing new ideas and lessons for Chinese auto companies to export overseas.

4. Intel’s autonomous driving company Mobileye went public

On October 26, Mobileye, an autonomous driving company owned by Intel, officially listed on NASDAQ in the United States under the stock code MBLY, and raised $861 million through an initial public offering (IPO). The IPO price was $21/share, and the stock price rose 38% on the first day of listing, and the market value reached about $23 billion, but it was still lower than expected.

Comments: Mobileye’s listing was rather bumpy, and it caught up with the cold winter of the US stock market and the low tide of financing in the autonomous driving industry. Its valuation has shrunk significantly compared to the original.

5. Argo AI, backed by Volkswagen and Ford, goes out of business

On October 26, Ford Motor announced that Argo AI, a promising self-driving technology development project that it had raised billions of dollars from Ford and Volkswagen, would be shut down and disbanded. Ford also blamed the project for its loss last quarter.

Comments: With L4-level autonomous driving in the distant future, automakers are unwilling to burn money endlessly. Instead, they have turned to L2 and L3-level intelligent driving, which is easier to commercialize. They are no longer limited to self-research, but seek external cooperation.

6. ZF to spin off Passive Safety Division

On October 26, German parts giant ZF announced that the group has decided to spin off its passive safety division and make it an independent company by the end of 2023.

In the field of automotive passive safety, ZF is the second largest supplier in the world after Autoliv, but whether it is its own debt pressure or hopes to further expand in this field, ZF has made the decision to split up and intends to introduce external investors for it.

7. Musk completes acquisition of Twitter and fires Twitter CEO

On October 28, Twitter filed a document with the Securities Exchange Commission (SEC) showing that on October 27, Twitter completed a merger with Musk’s control company X Holdings II. Musk acquired Twitter for $54.20/share in cash. After the transaction was completed, Twitter was delisted from the New York Stock Exchange on October 28. After entering Twitter, Musk fired a number of executives at the first time, including Twitter CEO Parag Agrawal, who was fired on the spot.

Comments: From April to the end of October, it took half a year, and there was another large-scale acquisition in the history of global science and technology, and Musk’s social network era was officially opened.

4 Company News

1.Volkswagen and Horizon have a joint venture to strengthen autonomous driving research and development in China

On October 13, the cooperation between Volkswagen Group and Horizon was officially announced. The cooperation includes two aspects: one is that Volkswagen Group invests in Horizon; the other is that CARIAD, a software company of Volkswagen Group, has joined hands with Horizon to establish a joint venture in China and holds a 60% stake in the joint venture. Volkswagen Group will invest a total of about 2.40 billion euros in this regard. The two parties will jointly develop full-stack advanced driver assistance systems and autonomous driving solutions for the needs of the Chinese market. The transaction is expected to be completed in the first half of 2023.

Comments: Volkswagen Group and Horizon cooperate to get what they need. Volkswagen Group has accelerated the pace of localization of autonomous driving technology in China.

2. BYD and Great Wall Motors went to the Paris Motor Show, and a variety of models were launched in Europe

From October 17th to 23rd, the 2022 Paris Motor Show was held at the Porte de Versailles Exhibition Center in Paris, France. BYD, Great Wall Motors, etc. all participated in the exhibition with a variety of products. BYD Han, Tang and ATTO 3 (domestic name Yuan PLUS) started delivery in many European countries; Great Wall Motors presented Wei brand and Ola brand, among which Wei brand Mocha PHEV and Ola Good Cat were launched in Europe and began delivery at the end of the year.

The appearance of Chinese brands at the Paris Motor Show has attracted a lot of attention. In the past year or two, Chinese brands have accelerated their entry into the European market, especially targeting the European new energy vehicle market.

3, Sailis 100 million yuan to establish a new energy vehicle manufacturing company

Tianyancha shows that on October 17, Chongqing Sailis New Energy Vehicle Manufacturing Co., Ltd. was established. The legal representative is Tang Yi, with a registered capital of 100 million yuan. The business scope includes auto parts and accessories manufacturing; auto parts research and development; new energy vehicle sales; new energy vehicle production and testing equipment sales; new energy vehicle power exchange facilities sales. The company is wholly-owned by Dongfeng Xiaokang Automobile Co., Ltd., which is a wholly-owned subsidiary of Sailis Group’s joint stock company.

Comments: After being deeply tied to Huawei, Cyrus’ business has seen rapid growth.

4. BMW Group signs Envision Power to supply batteries to US factories

On October 19, the BMW Group announced the start of a new cooperation project with Envision Power. The BMW Group will purchase the next generation lithium-ion cells produced by Envision Power for the next generation of electric vehicles to be produced at the Spartanburg plant in the United States in the future. Envision Power will build a new factory in South Carolina to produce these cells. The factory plans to have an annual capacity of 30GWh and start production in 2026.

Comments: In early September, BMW announced that it had signed a battery production demand contract worth more than 10 billion euros with Ningde Times and Yiwei Lithium Energy. By finalizing the three major battery manufacturers of Envision Power, Ningde Times and Yiwei Lithium Energy, BMW’s power battery supply in China, Europe and the United States is guaranteed.

5, GAC Aian completed the A round of financing 18.30 billion yuan

On October 20, GAC Group announced that GAC Aian was publicly listed on the Guangzhou Equity Exchange, implemented capital increase and share expansion, completed the A round of financing, and introduced 53 strategic investors. As of the announcement date, all investors have completed the signing and payment. The total amount of financing was 18.294 billion yuan, and 17.72% of the shares were released.

Comments: Backed by GAC Group, bold attempts at mixed reform, and significant sales have made GAC Aian highly sought after in the capital markets.

6, Guoxuan Hi-Tech: Fitting meter 11.50 billion yuan to build a power battery project

On October 26, Guoxuan Hi-Tech issued two announcements saying that it plans to build power battery projects in Liuzhou, Guangxi and Hefei, Anhui. Among them, the investment is about 4.80 billion yuan, and the annual output of 10GWh power lithium battery production base is newly invested in Liuzhou; the investment is about 6.70 billion yuan, and the annual output of 20GWh power battery project of Guoxuan New Station is invested in Hefei New Station High-tech Zone.

Comments: With the domestic new energy vehicle industry booming, major power battery manufacturers have also accelerated the pace of capacity expansion.

7. Evergrande announced the official start of delivery of Hengchi 5, with the first batch of 100 vehicles

On October 29, Hengda’s Hengchi Automobile announced that Hengchi 5 was officially delivered, with the first batch of 100 vehicles. It is understood that Hengchi Automobile has established delivery service centers in 19 cities in China, including Beijing, Tianjin, and Shanghai, and subsequent batches of vehicles will be delivered to users one after another.

Comments: As Hengda’s first production car, Hengchi 5 is driving towards users in a mix of expectations and doubts. As for the follow-up, we can only wait and see.

8, the total debt 8.113 billion yuan, GAC Fick filed for bankruptcy

On October 31, GAC Group announced that it agreed to apply to the court for bankruptcy because of the joint venture GAC Fick insolvent. The announcement shows that as of September 30, 2022, GAC Fick’s (unaudited) total assets were 7.322 billion yuan, total liabilities were 8.113 billion yuan, and the asset-liability ratio reached 110.8%. The assets were insufficient to pay off all debts and were obviously insolvent. To this end, GAC Fick plans to file a bankruptcy application with the court in accordance with the current laws and regulations such as the Bankruptcy Law.

Comments: A once-promising "marriage" between China and foreign countries ultimately failed to avoid the outcome of a "breakup".