EV Morning News ｜ The central bank may continue to lower the RRR in the fourth quarter; The new rules for securities lending are officially implemented today; The third quarterly report of consumption

1. CSI: It is expected that the central bank will continue to maintain a reasonable and sufficient liquidity, and the RRR may be lowered in the fourth quarter.

At the end of October, the central bank’s open market operation gradually turned into a net return after continuously implementing a large amount of net investment. Experts believe that the central bank has flexibly carried out open market operations according to changes in the market situation, and supported the money market to pass the stage of the greatest liquidity pressure this month. As the impact of government bond issuance and payment will continue for some time, it is expected that the central bank will continue to use various means to maintain a reasonable and sufficient liquidity, and may continue to lower the RRR in the fourth quarter. (CSI)

2. The margin ratio has been increased, and the new securities lending regulations have been officially implemented from now on.

On October 14th, the CSRC adjusted and optimized the relevant securities lending system, and raised the margin ratio of securities lending from not less than 50% to 80%, and for private placement to 100%. Subsequently, the Exchange also issued the Notice on Optimizing Relevant Arrangements for Securities Margin Trading and Refinancing Securities Lending Trading. According to the notice, the margin ratio requirements for securities lending contracts that have not been settled before the implementation of the new regulations are still implemented in accordance with the original regulations. The above provisions shall come into force on October 30, 2023, that is, from today. Some brokerage analysts estimate that after the implementation of the new regulations, the scale of securities lending in the whole market may be reduced by half. A private equity person who did not want to be named said that the new regulations had little impact on the income of private equity. (Securities Times)

3. China astronauts completed the on-orbit handover in groups.

According to the information from China Manned Space Engineering Office, the crew of Shenzhou 16 and Shenzhou 17 held a handover ceremony on the 29th, and the two crew handed over the keys of China Space Station. Up to now, the Shenzhou-16 astronaut crew has completed all the scheduled tasks and will return to the Dongfeng landing site on October 31 by taking the Shenzhou-16 manned spacecraft. At present, the landing site and the participating test systems are in full swing to prepare for the astronauts to go home. (Xinhua News Agency)

4. Beijing will launch an orange warning of heavy air pollution.

According to the actual situation of air quality monitoring and the latest forecast, a regional air pollution process occurred in Beijing, Tianjin and Hebei and its surrounding areas due to the adverse meteorological conditions of low pressure, inversion temperature, static stability and high humidity. Affected by this, there will be a continuous moderate pollution process in Beijing. According to the Emergency Plan for Heavy Air Pollution in Beijing (Revised in 2023), the emergency headquarters Office of Heavy Air Pollution issued an orange warning for heavy air pollution from 12: 00 on October 30th to 24: 00 on November 2nd. (Beijing Daily)

5. The trillion-dollar national debt is "new": the impact of funds is controllable, and there is still room for downside in the long-term yield.

Recently, the news of the issuance of 1 trillion yuan of national debt has caused ripples in the bond market. Market participants said that despite the disturbance of the supply of treasury bonds in the fourth quarter, the central bank may cooperate with the financial efforts to maintain the balance of total funds. With the disturbance of the superposition effect of tax payment subsided, the financial investment was further strengthened, and the monetary policy was loose, the capital side was expected to return to easing, thus opening up the downside of the bond market interest rate. (SSE)

6. The third quarterly report on consumption in 16 provinces was released: Shanghai, Beijing and Zhejiang are the best buyers, and the growth in the central and western regions is fierce.

It is found that as of October 29, 16 provinces have published the data of per capita consumption expenditure of residents in the first three quarters, and the per capita consumption expenditure of 7 provinces in the first three quarters exceeded the national average. Among them, Shanghai residents can best "buy in buy buy", spending 39,969 yuan per capita, followed by Beijing and Zhejiang. In terms of growth rate, the central and western provinces such as Ningxia and Qinghai have the highest growth rate. In this regard, Hong Yong, an expert in the think tank of China Digital-Real Integration 50 Forum, said that the central and western provinces in China have huge market potential, and the demand for various consumer goods and services is increasing, which is expected to become an important engine of China’s economic growth in the future. (Time Weekly)

7. Ford Motor Company will raise the maximum wage for workers by 88% according to the UAW agreement.

According to people familiar with the matter, the temporary agreement reached between the United Auto Workers (UAW) and Ford Motor Company includes a signing bonus of $5,000. The temporary agreement between the two parties includes obtaining 1500 vouchers (per order) for car purchase. Electric vehicle workers involved in Ford’s established plan will be able to choose to join (sign) the latest interim agreement. Ford increased its contribution to the 401(K) retirement benefit plan from 6.4% to 10%.

According to the agreement, Ford will be converted into a full-time worker nine months after the newly recruited temporary workers join the company. At least thousands of low-paid workers will receive a 40% salary increase, and those with the lowest salary will receive a maximum salary increase of 88%. (Bloomberg)

8. The down payment ratio of the first home loan in Guangxi is 20%.

According to the news of Guangxi Branch of the People’s Bank of China, the Bank recently vigorously promoted the implementation of relevant documents on optimizing individual housing loan policies issued by the People’s Bank of China and other relevant ministries and commissions, actively adjusted the individual housing loan policies in Guangxi, unified the down payment ratio of the first home loan in the whole region to 20%, and further lowered the lower limit of the interest rate of the first home loan in all districts and cities to a historical low. (Guangxi Daily)

9. A batch of uranium deposits ranging from 10,000 tons to 100,000 tons have been discovered in China.

In recent years, China has established the integrated exploration technology of "sky and ground", discovered a batch of uranium deposits of 10,000-100,000 tons, and initially formed a natural uranium guarantee supply system. China’s natural uranium industry has formed a complete industrial chain covering geology, mining, smelting and processing, and initially established a "four-in-one" natural uranium guarantee supply system combining domestic development, overseas development, international trade and strategic reserve. (CCTV News)

10. Association: The retail sales of passenger cars in narrow sense is expected to be 2.02 million in October.

On October 26, the data of the Federation showed that the car market was hot in September, and the terminal sales continued to rise. In October, the retail sales volume of passenger cars in narrow sense is expected to be 2.02 million, 0.1% month-on-month and 9.5% year-on-year, of which 750,000 are new energy retail, 0.9% month-on-month, up 34.6% year-on-year, and the penetration rate is about 37.1%. (First Electric)

In November and September, the terminal sales of Qin PLUS DM-i in Beijing soared more than 6 times.

In September, Tesla Model Y remained the most popular model for Beijing consumers. BYD’s four cars entered the list, among which Qin PLUS DM-i soared more than 6 times year-on-year, ranking fourth. The ideal L9/L8/L7 cars are also listed.(First Electric)

12. Yuan Zhongrong: Huawei’s car was not built well because it was looking for a well-off society.

The 15th Entrepreneur Forum of Huazhong University of Science and Technology was held in Yangzhou on October 28th. Yuan Zhongrong, former vice chairman of Guangzhou Automobile Group, mentioned in the session of New Energy Vehicle Forum that his friend specially looked at Huawei’s forum during the 11th period, and the feedback was not good. Yuan Zhongrong said that the car machine and Huawei’s system are very good, but the car itself is not built well, because it is looking for a well-off society. Well-off society itself makes low-end cars, so it is impossible to master the design of high-end cars. (Dahe. com)

13. The first share of Lidar suffered a loss, and its share price plummeted by nearly 80%.

The new M7 model with the fusion scheme of "lidar+visual perception" will explode, and 20+ new models will be launched with lidar in China this year. However, the share price of the first domestic laser radar company, Wo Sai Technology, suffered a "cliff-like decline" after listing on NASDAQ this year, which to some extent confirmed the current investors’ views and cautious attitude towards the real investment value of the laser radar industry. In addition, the giant Bosch also abandoned the research and development of lidar. It is worth noting that some analysts believe that the biggest enemy of China’s lidar industry is not necessarily overseas counterparts, but may be Tesla. (CBN)

14. Huawei’s sales revenue in the first three quarters was 456.6 billion yuan.

Huawei released its operating results in the first three quarters of 2023, achieving sales revenue of 456.6 billion yuan, a year-on-year increase of 2.4% and a net profit margin of 16.0%. From this rough estimate, Huawei’s net profit in the first three quarters of this year was about 73.056 billion yuan. In the first three quarters of 2022, the company achieved sales revenue of 445.8 billion yuan, and the profit rate of its main business was 6.1%. The net profit margin in the first half of this year was 15.0%. (science and technology innovation board Daily)

15. Xpeng Motors -W issues 20,000 shares of Class A common stock.

Xpeng Motors -W(09868) announced that on October 26, 2023, the company issued 20,000 Class A common shares to meet the restricted stock units according to the 2019 equity incentive plan adopted on June 28, 2020 and approved by the company’s shareholders on August 20, 2020.(First Electric)

16. Great Wall Motor’s revenue in the third quarter was 49.5 billion yuan.

Great Wall Motor Co., Ltd. released its performance report for the third quarter of 2023. In the third quarter of this year, the operating income of Great Wall Motor reached 49.532 billion yuan, a year-on-year increase of 32.63%; The net profit returned to the mother was 3.635 billion yuan, a sharp increase of 41.94% year-on-year; The net profit after deducting non-homecoming reached 3.058 billion yuan, a year-on-year increase of 34.04%. In terms of sales volume, in the first three quarters of this year, the sales volume of Great Wall Motor reached 864,045 vehicles, up by 7.69% year-on-year, and achieved a step-by-step growth in the first, second and third quarters. (First Electric)

17. Cyrus reported a loss of 2.284 billion yuan in the third quarter.

Sailis (601127.SH) released the report for the third quarter of 2023. The operating income in the third quarter was 5.648 billion yuan, down 47.25% year-on-year, and the net profit in the third quarter was-950 million yuan. According to the company’s description, the new product of Celeste Automobile, the new M7 series model, was released and delivered in the middle and late September, in other words, the current momentum was not reflected in the first three quarters.(First Electric)

18. Adjustment of main leaders of Dongfeng Motor Group Co., Ltd.

On October 27th, Dongfeng Motor Group Co., Ltd. held a meeting of managers above middle level. The responsible comrades of the Organization Department of the CPC Central Committee announced the CPC Central Committee’s decision on the adjustment of the main leaders of Dongfeng Motor Group Co., Ltd.: Comrade Yang Qing was appointed as the chairman and party secretary of Dongfeng Motor Group Co., Ltd., and was relieved of his post as the general manager of Dongfeng Motor Group Co., Ltd. The appointment and removal of relevant posts shall be handled in accordance with the provisions of relevant laws and articles of association. (Securities Times)

19. Stellantis has no control over the zero run and only participates in decision-making.

Stellantis Group acquired about 20% equity of Zero Run Auto and won two seats on the board of Zero Run Auto. Carlos Tavares, CEO of Stellantis Group, responded: "We don’t have a controlling stake, and we don’t want to control it, but as members of the board of directors, we will participate in the decision-making and discussion process. All decisions are decided by themselves, decided by the CEO and board members, and we are only directors."(First Electric)

20. LI responded to the family’s rights protection in front of the store.

A family member in Taiyuan, Shanxi defended his rights in front of a LI store, saying, "LI, the car was out of control, and the car was destroyed.". LI responded that it was a unilateral accident with clear facts. After the accident, we immediately cooperated with the traffic police to provide EDR (Vehicle Incident Data Recording System) data. According to the feedback from the Judicial Appraisal Center of Traffic Accident Traces of Shaanxi Chang ‘an University entrusted by the traffic police, it is confirmed that no other members in the car are wearing seat belts except the driver. The appraisal conclusion is that there is no product quality problem in the vehicle and there is no problem of out-of-control of the vehicle. The owner has received the traffic accident certificate.(First Electric)

21. Lucid recalled more than a thousand luxury electric vehicles.

Lucid, a luxury electric car manufacturer in the United States, announced on Thursday that it would recall more than 1,000 Lucid Air cars produced in 2022-2023, because overheating of the rear seats may cause burns to passengers. According to the company, the temperature monitoring system of the rear seats of these vehicles may not work normally under certain circumstances, resulting in overheating of the seats, which may reach the level of discoloration or even carbonization of the seat surfaces. (First Electric)

22. Extreme Yue 01 was listed at a price of 249,900 yuan to 339,900 yuan.

Extreme Yue 01 is officially listed, with a price of 249,900 yuan to 339,900 yuan. The rights and interests include: 5,000 yuan can be used to buy a car for 10,000 yuan, and the whole department can enjoy 15,000 yuan matching discount, free charging piles or 2-year free charging, and free ROBO Drive MAX experience for 6 months. During the experience period, ROBO Drive MAX can be bought for 19,900 yuan.(First Electric)

23. Krypton 001 FR went on the market, with a price of 769,000 yuan.

The performance version of Extreme Krypton 001, Extreme Krypton 001 FR, was officially launched, with an official price of 769,000. It will be delivered as soon as it is launched, with a maximum of 99 vehicles per month, and the first batch of car owners will be personally delivered by F1 world champion Raikkonen. At the same time, Extreme Krypton also released the limited-time car purchase rights: users who decided before December 31, Not only can you enjoy the six-year or 150,000-kilometer warranty of the whole vehicle, the lifetime warranty of Sanpower, free data flow, free road rescue during the warranty period, and free 7kW smart home pile-filling package (50 meters), but you will also get a "Raikkonen model" worth 60,000 yuan, with the same adjustment and driving experience as the "F1 champion"; As of November 31st, scheduled users can enjoy priority scheduling and free track test drive.(First Electric)

24. Tesla Model Y high-performance version is raised by 14,000 yuan.

On October 27th, Tesla officially announced:From now on, the price of Model Y high-performance version will be raised by 14,000 yuan.The price increase is limited to the high-performance version, with the rear-wheel drive version still starting at 263,900 and the long-life version starting at 299,900. Official website shows that if you book a car now, the estimated delivery date is 2-6 weeks. After the upgrade, Tesla Model Y has no obvious change in shape, and its performance and details have improved. (First Electric)

25. Tengshi N7 first took the "Eye of the God" advanced driver.

Zhao Changjiang, general manager of Tengshi Sales Division, said that he had just experienced the high-speed NOA of Tengshi N7, which was very easy to use, and Tengshi N7 was ahead of two generations. When all industries are "showing off their skills" and simply focusing on a single function, we are determined to achieve the world’s first vehicle-mounted computing platform designed, developed and produced by the whole automobile factory, mastering the core technology independently, and at the same time, N7 is the first "Eye of God" advanced intelligent driving assistance system. N7′ s advanced intelligent driving, with up to 33 sensors, 2 laser radars and chip computing power up to 254TOPS, is definitely an efficient and guaranteed intelligent driving scheme in the industry. (First Electric)

26. The cumulative number of new M7 in the world has exceeded 70,000.

AITO Auto officially announced that the new M7 has been on the market for 45 days, and the cumulative number has exceeded 70,000 units.The popularity of new cars is a big test for their delivery ability. A few days ago, the official revealed that Celeste has invested more than 1 billion yuan and more than 20,000 manpower to fully ensure steady production increase and high-quality delivery. In addition, the factory also added a shift to realize full-load operation 22 hours a day.

27. Chuanqi ES9 is listed at a price of 229.8-269.8 million yuan.

The new energy full-size travel SUV Chuanqi ES9 went on the market, and the new car was launched in four configurations, with the official price range of 229,800-269,800 yuan. At the same time, six listing policies including "replacement subsidy up to 20,000", "five-year 150,000-kilometer vehicle warranty, three-power lifetime warranty" and "lifetime free basic flow" were announced. In addition, GAC Chuanqi will launch the "Two-day Experience Tour of Chuanqi ES9 in 66 yuan" in November.(First Electric)

28, the new Chery ant officially listed 77900.

Chery New Energy’s new small ant is officially listed. The new car has launched a total of two models at a price of 779-82900 yuan. The new ant has two new car colors, namely "not burnt green" and "absolutely purple", and the appearance and interior are also adjusted to some extent. In addition, the classic small ants will also be sold in the same room, with a total price range of 64,900-69,900 yuan for two models.(First Electric)

29. The hybrid version of Mazda CX-50 will be rolled off the assembly line on November 3rd.

The hybrid version of Mazda CX-50 will be officially launched on November 3. The new car is built on the newly-developed oil-electric platform of Changan Mazda, powered by a hybrid system consisting of a 2.5L naturally aspirated engine and a motor. It will be equipped with a hybrid system consisting of a 2.5L naturally aspirated engine and a motor, in which the maximum power of the engine is 131kW.(First Electric)

30. Huawei’s new patent: cockpit service can be provided according to the intimacy with the owner.

On October 27th, the patent of "Determination Method of Driving Scheme, Electronic Equipment and Media" applied by Huawei Technologies Co., Ltd. was published. It shows that in order to solve the problems of low intelligence and single content of intelligent services provided by the current scheme, the application identifies and records the riding information of different users, including boarding location information, getting off location information, riding location information in the car after boarding, frequency of being in the car with the owner at the same time, etc., to determine the intimacy between different users and the owner, and provide preset corresponding scene cockpit services according to the intimacy. The above method improves the intelligence of cockpit experience, and the content of each scene cockpit environment is rich, and at the same time, it solves the problem that the content of cockpit intelligent experience is single in the current scheme.