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Baidu Apollo and WM Motor Launch Two New Cars on October 19Baidu Apollo and WM Motor officially released two new cars on October 19, both of which are based on the WM Motor W6 SUV. One is a new generation of the unmanned vehicle Apollo Moon mass production model equipped with LiDAR (Apollo Moon WM Motor version), and the other is a mass-production model equipped with Baidu Apollo Navigation Pilot (ANP) assisted driving system and Apollo Valet Parking (AVP) autonomous parking system. This also means that the cooperation between Baidu and WM Motor has completed full coverage from AVP and ANP to completely unmanned Apollo Moon models. According to Baidu, the Apollo Moon version of the W6 and WM Motor W6 models with ANP and AVP both adopt the 'ANP-Robotaxi' architecture, which can achieve data generation and share at the same time. The W6 with ANP+AVP model has 12 cameras, 5 millimeter-wave radars and 12 ultrasonic radars with L2+ autonomous driving capabilities, which means that it can realize higher-level pilot-assisted driving capabilities such as intelligent avoidance, autonomous lane changing, driving through on- and off-ramps and access to service areas. The Apollo Moon version of the W6, on the other hand, adds one custom LiDAR system and corresponding driverless redundancy to the ANP+AVP version, allowing for fully driverless capability. It adopts a range of 46 safety technologies and 59 travel service designs with full sensor and computing unit redundancy. Even if one system fails, it can ensure that the whole vehicle still carries out driving commands and brings passengers to a safe place. At the same time, for the Apollo Moon version of the W6, all the sub-packaging processes before the production line are independently completed by WM Motor, allowing the production process to be further optimized. Baidu also claimed the robotaxi can achieve an operating cycle of more than five years and can be put into large-scale stable operations.
NASDAQ:BIDU
by EqualOcean
XPeng's Flying Car Closes over USD 500 Mn in Series A fundingThis is the largest single round of financing to date for a company in the low-altitude manned vehicle sector in Asia, with HT Aero's pre-investment valuation exceeding USD 1 billion. HT Aero (Xiaopeng Huitian), a technology unit majority-owned by XPeng Motors and CEO He Xiaopeng, announced today that it has closed a Series A round of funding in excess of USD 500 million at a pre-investment valuation of over USD 1 billion. The financing was led by IDGCapital, 5Y Capital and XPeng Motors, with participation from Sequoia China, Eastern Bell Capital, GGV Capital, GLVentures and Yunfeng Capital. This is the largest single round of financing to date for a company in the low-altitude manned vehicle sector in Asia. XPeng Chairman and CEO He Xiaopeng said the company's increased investment in HT Aero will further accelerate its layout of a large ecosystem of intelligent transportation. After the financing is completed, HT Aero will further increase its investment in the development and manufacturing of flying cars, high-end talent pool and airworthiness certification, said Zhao Deli, the company's president. HT Aero's next-generation flying car will be a true integration of a flying vehicle and a car that can run on land as well as fly in the air, and is expected to be announced in 2024, Zhao said. At the Shanghai Auto Show in April, XPeng unveiled the X1, a fourth-generation intelligent electric manned flying vehicle that is the size of a regular car and can take off and land vertically in a parking space. On July 16, He announced the release of the fifth-generation flying vehicle X2 via Weibo, saying, "This marks another step closer to a more widely available and safe flying car." The X2 is a two-seat, enclosed cockpit, all-electric flying car with autonomous flight path planning capabilities, ground monitoring, self-service return landing, and 100-kilometer two-way real-time communication. It is worth noting that the lack of policies and regulations is the key to the difficulty of commercializing flying cars. According to China's current regulations, aircraft with a maximum takeoff weight of more than 150 kg are classified as large drones, and their flight locations, routes and airspace are subject to regulators' management. This means that flying cars are actually no longer part of the 'car' category, and existing ground transportation systems and regulations do not apply to them. As the main mode of commercialization of flying cars - 'air cab' operation faces many problems. In China, flying vehicles need to obtain a permit to carry people, and to operate commercially, they need to obtain an operating permit. Globally, the level of sophistication of regulations regarding low-altitude manned vehicles is also different, which has led to commercialization difficulties for companies in this field. On April 1 this year, China established the Central Air Traffic Management Committee (CATMC), which means that the country has taken an important step in reforming its low-altitude airspace management. The Civil Aviation Administration of China (CAAC) began a field review of the EHang EH216 autopilot aircraft in April this year, signaling a step forward in the regulation of the sector. On July 17, CCTV reported that Hunan Province became the first in China to be allowed to conduct a pilot program for all-area low-altitude flights. Hunan will accumulate experience in aircraft surveillance communication coverage, low-altitude airspace regulation, and low-altitude airspace operation management in low-altitude airspace below 3,000 meters to provide a theoretical basis for the opening of low-altitude flights nationwide, the report said. The report did not provide more details, but the pilot in one province heralds the prospect of more policy support for low-altitude flying, a strictly regulated market. This article was first published by Phate Zhang on CnEVPost, a website focusing on new energy vehicle news from China.
NYSE:XPEV
by EqualOcean
NIO's Thirsty EVThe NIO ES8, introduced in Norway on September 30, recently underwent a 1000km test resulting in an average performance. The journey resulted in an 11hour, 25-minute journey. The car stopped to charge 5 times and sustained an average driving speed of 87.6km/h. This ES8 utilized a 100kwh lithium-ion battery and besides its high energy consumption, the car did not offer the fastest charging rates. Bjorn Nyland described the new vehicle as to the thirstiest electric car ever tested. During his 1000km challenge, the car consumed 318kwh. With a middle-of-the-pack performance for NIO's newest addition to its fleet, it will have to set itself apart with its looks, features, and safety. The car is described as very comfortable in terms of interior space, has big wheels which affect its performance and efficiency, and even includes an egg-shaped small AI personal assistant named Nomi which can take pictures for you or direct you to a charging station. While prices for its American rival start at USD 107,097.12 in the UK, the ES8 is on sale in its homeland at the equivalent of USD 70,711.56. NIO has already begun deliveries of the ES8 and plans to expand outside of China to Norway first and eventually Germany. The initial upfront cost may be enticing to consumers who seek cheaper alternatives to premier EV's, but the performance and electric consumption could be a hindrance in the long run to committed customers. The rival Tesla Model X Long Range completed Bjorn's challenge an hour faster. Aside from the ES8, the company could have at least two more new models to unveil to the public on December 18th at– ‘NIO Day’ – that will hopefully perform more competitively against rival EV subtypes while maintaining affordability.
NYSE:NIO
by EqualOcean
Evergrande, Inflation, Supply Chains = Good For Crypto? I did a video version of the editor's pick idea (link below) with more details and a more holistic look at what's been going on in real-estate, politics, and crypto. What happens next is anyone's guess but underlying trends tend to show that the crypto market itself will probably be OK, if not bullish. Some notes from the vid below: - Inflation is here to stay in the US, China’s inflation is very low right now (below 1% with up and down trends, the US is 5.4% and steadily climbing) and is more likely to recover more smoothly in the long run if they allow Evergrande to default on their loans. - The United States was caught off guard by inflation warnings because they have outsourced most of their manufacturing overseas over the last few decades -- out of sight, out of mind. (They refused to consider increasing interest rates or lower gov spending until very recently.) - Crypto is an “inflation friendly” asset because its price is adjustable and is not beholden to supply chain issues. - China’s ban on Bitcoin and other assets are pretty typical of the politics there, but savvy Chinese investors often invest in foreign assets as a way to dodge taxation and political entities taking control of their assets. This includes real-estate, but also things like cryptocurrencies. - In September, the media latched onto the Evergrande controversy and dipping crypto prices by attempting to correlate the two. Data shows otherwise, however. - It will probably take 6-12 months (1 or 2 business cycles) before the effects of Evergrande are seen in the US real-estate markets, but it will most likely be negative for traditional assets. The question is, will this be good or bad for crypto?
BITSTAMP:BTCUSD
by RyanTanaka
1
Go to the ATH!The paper has formed a good uptrend. A fixing above the support level 171 would give a positive signal for a long-term buy long. Fundamentals are also good, Chinese companies start to recover, you can pick up with a good discount and wait for new ATH. On targets: the nearest unloading I plan on the mark of 230 dollars (+35%). ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Stock trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast.
NASDAQ:BIDULong
by QuantumLabSignals
FXI, Immediate term trade and trendSignal didn't like FXI for a long time now. I have been short. And now it seems like there will be another short opportunity?? I will be keeping an eye on this PS. Each box span a day, and the code gives short term and long term trends as shown. the trend is shown with the color of the box. The range is calculated on a daily basis. If you want similar ranges and trends on your ticker, feel free to contact me, I will add them to my list and provide them when the signal is interesting (for free of course) Redd
AMEX:FXIShort
by reddan256
Evergrande vs Bitcoin, Round 2Latest update on the Evergrande fiasco. It's looking like this could be much bigger than even the alarmists have been speculating so far. tl;dr - the US media is very poor at covering foreign news, especially when it comes to money. Be wary of what you read out there. China is likely to let Evergrande defaut, which will stand in stark contrast to what we did over here. Expect this issue to get political, especially from the Democratic side since people like Pelosi have made their fortunes in real-estate as well. This could potentially be a very good thing for #crypto because it will shake people's confidence in traditional assets while also providing more liquidity. If they're going to sell or not purchase a home anymore, where is it going to go? Interest rates are pathetic right now and crypto is the only thing getting people decent returns as we speak. The Federal Reserve is maybe-sorta-kind-of-thinking about doing the right thing (which is to increase interest rates) but their response is likely going to be too little too late. I think we should probably assume that the correction is going to run its course and adapt accordingly. More to come with this stuff but it's one of the few things worth paying attention to in finance right now.
BITSTAMP:BTCUSDLong
by RyanTanaka
More Details of XPeng's New SUV RevealedThe vehicle, which is based on XPeng's Edward platform like the P7 sedan, could be available in the fourth quarter of 2022. After spy photos of XPeng Motors' new mid-size SUV were revealed in late July and late August, new photos as well as specs have been revealed showing more details of the model. According to Weibo user, the car, which is based on XPeng's Edward platform like the P7 sedan, could be called XPeng G9 and could go on sale in the fourth quarter of 2022. The car's wheelbase is between 3,050-3,100mm, longer than the NIO ES8 and Li Auto's Li ONE. But the car could be less than 5 meters long, possibly slightly shorter than the latter two, according to the blogger. It is not certain if the car will have a third row of seats, the blogger said. It has a full glass roof, similar to a Tesla. It features bezel-less doors as well as hidden door handles, according to the blogger. In terms of body materials, the model uses a lot of aluminum, involving the front hatch, front and rear doors, and the front bumper. The model comes with an advanced autonomous driving system and LiDAR with XPILOT 4.0 support, the blogger said, adding that the layout of its LiDAR seems to indicate that the supplier is still Livox, incubated by drone maker DJI. Its price could lie in the CNY 300,000 (USD 46,600) to 400,000 range, between the XPeng P7, which starts at CNY 229,900, and the P7 Wing edition, which costs CNY 409,900, the blogger said. This article was first published by Phate Zhang on CnEVPost, a website focusing on new energy vehicle news from China.
NYSE:XPEV
by EqualOcean
🔥 China Banning Crypto FUD: 2 Weeks LaterAround 2 weeks ago China announced that they will ban the usage of cryptocurrencies, for the 10th time or so. During this period a lot of investors were calling for the end of crypto and BTC back to $20k. On that exact day, I made the analysis below. As seen in my previous China FUD analysis, China has banned or tried to regulate crypto many times, with little effect on the (long-term) price. Next time that China announces another crackdown on crypto, try to think of it as another possibility to buy in the market at a discount. Since the China FUD 15 days ago, Bitcoin has rallied a massive ~29%, proving yet again that the sell-off was nothing more than a knee-jerk reaction to bad news. Happy trading!
Long
by FieryTrading
6
Luckin Coffee: Back on Track?The tech-powered coffee chain may soon be ready for another public listing. The Chinese coffee pioneer went on to achieve positive revenue growth despite the expected surge in its settlement fees and continued operating losses. More financial data from Luckin will be worth paying attention to in the near future. Unexpected revenue improvement On September 21, 2021, Luckin Coffee (LKNCY:US) filed its annual report of 2020 with the US Securities and Exchange Commission (SEC), which took much longer than many market participants anticipated. Although the fraud in 2019 astonished the China tech world and the company was expected to experience a wide range of store closures and steep revenue decline, its 2020 results surprisingly improved. In the consolidated financial statement, the previous inflated revenue of CNY 5.10 billion in 2019 was adjusted to CNY 3.02 billion. The net revenue in 2020 reached CNY 4.03 billion, a 33.3% growth rate year-on-year. Operation expenses rose by 6.2%, which was largely contributed by the CNY 475 million of losses related to fabricated transactions and restructuring, reaching a total of CNY 6.62 billion. The company continued to be loss-making, with a net loss of CNY 5.59 billion. Yet, the figure includes CNY 2.40 billion of provisions for settlements (for SEC & equity litigants). The non-GAAP net loss, which ignores the above-mentioned expenses, was CNY 1.97 billion, an improvement from a CNY 2.79 level in 2019. Business expanded despite upheavals Another surprise came from Luckin's growing store number under the cloud of fraud, COVID-19 lockdowns, delisting and management team upheavals. As of July 31, 2021, the firm had 4,030 self-operated stores and 1,293 partnership stores. The former store type almost stayed unchanged (from 3,929 in 2019) in terms of numbers while the latter increased by 47.9% from 2019. The report also shows that the coffee chain closed many under-performing stores, most of which were self-operated. This might be a hint for the brand's determination on cost-saving and a switch to a franchise model. With the closing of stores, Luckin was no longer larger than Starbucks, but the coffee brand is still the second-largest since no other coffee chain can surpass it yet, in terms of the number of stores. Amid intensifying competition, self-operating store expansion failed to improve per-store revenue Though it was actively scaling up its business in previous years, evidence shows this strategy did not lead to improvement in per-store revenue for Luckin. In 2020, this problem was still haunting the coffee brand, as its intensive growth factor for self-operated stores (revenue per store per day) significantly underperformed, going negative (-10.1%). Nonetheless, the company's structural adjustment to focus on franchising might be promising, as the intensive growth factor (+106.5%) for partnership stores approached the extensive growth factor (+146.6%), implying that the brand's attempts in opening more partnership stores was advancing side by side with improvement in unit economics. Chinese consumers, especially those from first- and second-tier cities, have developed a habit of drinking coffee, providing a fertile ground for the enlargement of the fresh-brewed coffee market. Interestingly, brought up by the trend the success of Luckin created, novel domestic coffee brands such as Manner have started to emerge, and foreign coffee houses such as Tim Hortons that covet China's coffee 'blue sea' have entered as well. Soon, Luckin should expect an even more competitive industry landscape. In addition, the company was relying heavily on its coupons to acquire customers and expand its business. In the short term, this strategy is cash-burning and requires a vast capital backup, and in the long term it may be unsustainable if their products are not favored by the target consumers, especially now that company is delisted, short of fingertip capital support. Last notes Yet, Luckin's omnipresence in China is still unchallenged by other native and international brands except for Starbucks. Business-wise, it seems the firm is also reacting to the sustainability problem by cutting down its coupon expenses. In 2020, its sales and marketing expenses took up only 13% of the total expenses compared to 20% in 2019 and 31% in 2018. With opportunities yet to be explored in this coffee blue sea, it would be interesting to track the future release from this troubled Chinese coffee leader that survived all the internal and external adversities. For the full article with the charts, please visit the original link. [/ b]
OTC:LKNCY
by EqualOcean
1
USD/CNH Triangle Apex Nears, Will Prices Break Higher or Lower? The Chinese Yuan's volatility versus the US Dollar has eased considerably in recent months compared to price action seen earlier this year. USD/CNH is quickly approaching the apex of a Symmetrical Triangle pattern, however. This may see the currency pair make a break higher or lower in the coming weeks. Technically speaking, the triangle doesn't show bias to either side and prices are gyrating around the 100-day SMA. However, fundamentally, the Yuan's position versus the Greenback doesn't offer a strong picture given the prevailing housing market headwinds in China.
by Thomaswestw
We will wait before taking action on Chinese Stocks. Today we will take a look at BABA. When do we think maybe a good moment to start adding Chinese stocks into our portfolio? Of course, we will look at the answer from a technical perspective, and this is the conclusion we make: a) We must see contact with the support level first (Is there buying pressure?) b) If we see bullish pressure, that is the first sign those big investors may be adding again. c) Ok, that's the first filter; the second filter is the breakout of the descending trendline. That would mean a change in behavior or sentiment. Now the price can stabilize and avoid the previous decreasing angle in price. d) Cool, can I buy it now? You can buy whenever you want; however, we will not do that; we want to see our 3rd filter. Corrective Pattern after the contact on the support level + breakout of the descending trendline. It's pretty standard after we observer a breakout of a key level (in this case, the descending trendline), a lot of FOMO comes to the market. "Chinese Stocks are booming! I will not miss this..." And most of the time, those traders or investors get trapped on a correction. e) So if all the previous filters happen, we will develop long setups on BABA. f) Patience is key when looking for quality setups; you can't ask the market for opportunities; you need to wait until the market provides one. Thanks for reading!
NYSE:BABA
by ThinkingAntsOk
55