Apple CEO Tim Cook said on Thursday on a fiscal third-quarter conference call that he did not rule out acquiring a major company, but that Apple would never acquire a company without a strategic plan.
Apple’s services revenue in the fiscal third quarter was $19.6 billion, up 12% from a year earlier. Analysts asked on the conference call whether Apple was interested in play store optimization acquiring “outside products” to further expand its services lineup. The implication of the question may be whether Apple will eventually acquire streaming video giant Netflix.
Cook did not disclose details of Apple’s strategy, but he said that Apple is always “watching the market” for potential acquisition opportunities. Apple has not ruled out acquiring major companies if necessary. However, Cook also said that Apple “never buys for acquisition’s sake” or “for revenue”. Cook emphasized that, at least for now, Apple remains focused on acquiring smaller companies and individual talent that can bolster the company’s business.
“We’re always looking and asking ourselves how strategic this kind of deal is. We’re never buying for acquisition’s sake, we’re never buying for revenue. We’ve done some smaller IP and buy ios app reviews people so far. Acquisition. I would not rule out any future possibilities. We are always watching the market,” he said.
According to the report, Intel’s revenue in the second quarter was $15.321 billion, a 22% decrease compared to the $19.631 billion in the same period last year; the net loss was $454 million, compared with a net profit of $5.061 billion in the same period last year, equivalent to Down 109% year over year, gross margin narrowed to 36.5% from 50.4% in the previous quarter. Diluted loss per share was $0.11, compared with earnings per diluted share of $1.24 in the year-ago quarter, representing a year-over-year decline of 109%.
In the quarter ended July 2, Intel’s revenue fell about 22% year over year, according to the statement. Intel’s revenue for the quarter missed estimates by 14%, the company’s biggest revenue disappointment since 1999, according to Refinitiv data.
Intel CEO Pat Gelsinger said on a conference call with analysts: “The sudden and rapid economic downturn was the biggest contributor to the decline, but the second quarter also reflected our own execution issues in areas such as product design, as well as AXG (Accelerated) Computing Systems and Graphics Group) products.” He said Intel continued to deal with coronavirus-related supply shortages, which delayed product availability.
In terms of guidance, Intel expects adjusted earnings of $0.35 per share on revenue of between $15 billion and $16 billion. Analysts polled by Refinitiv had expected the company to report adjusted earnings of 86 cents a share on revenue of $18.62 billion.
Intel lowered its full-year forecast. The company said it expects full-year adjusted EPS of $2.30 on revenue of $65 billion to $68 billion. Three months ago, adjusted earnings per share were expected to be $3.60 on revenue of $76 billion. Analysts at Refinitiv had expected Apple to report earnings of $3.42 per share on revenue of $74.34 billion.
Intel’s chief financial officer, David Zinsner, said the pace of computer purchases by small and medium-sized businesses has slowed, but industry-wide momentum is holding up well. Still, the latest forecast takes into account a weakening economy, which could cause businesses to delay PC refresh cycles.
“We do think we’ve bottomed out,” Zinsner said, adding that higher prices and a seasonal improvement in the fourth quarter should help Intel return gross margins to around 51% to 53%.
In the second quarter, Intel’s client computing group, which includes PC chips, generated $7.7 billion in revenue, down 25% and well below the consensus estimate of $8.89 billion among analysts polled by StreetAccount. Earlier this month, tech industry research firm Gartner said PC shipments fell nearly 13% in the quarter. In a note to investors, Intel noted “softening” PC demand in the consumer and education markets, and said higher unit costs had lowered the segment’s operating income.
Intel’s recently formed data center and artificial intelligence unit, which includes server chips, accelerators, memory and field-programmable gate arrays, contributed $4.6 billion in revenue, but also fell about 16%, trailing the StreetAccount consensus of $6.19 billion . Competitive pressures weighed on the segment’s revenue, Intel said.
Going forward, production of the server chip, code-named Sapphire Rapids, will be later than expected, mostly in 2023, Zinsner said.
Intel’s newly launched Networking and Edge (which includes the company’s networking products) segment generated $2.3 billion in revenue, up 11 percent, but only slightly above the StreetAccount consensus of $2.27 billion.
During the quarter, Intel launched the Habana Gaudi2 AI training chip to compete with Nvidia’s A100. Intel is also calling on Congress to push for federal legislation to support semiconductor manufacturing in the U.S. so it can continue to build a factory in Ohio. Earlier on Tuesday, the U.S. House of Representatives passed the Chips and Science Act and sent it to the president. “This is historic legislation,” Gelsinger said.
Intel expects to receive funding related to the bill in 2023, Zinsner said on the conference call.
In the interview, Zinsner reiterated Intel’s earlier statement that the company will launch PC chips (14th Gen) codenamed Meteor Lake in 2023. According to Digitimes, they will begin shipping by the end of 2023, but Zinsner declined to specify when.
“I can tell you we’re expecting to launch on Meteor Lake very soon, so you know, honestly, we’re making good progress on that,” he said.
According to the report, Apple’s third-quarter net revenue was $82.959 billion, an increase of 2% compared with $81.434 billion in the same period last year; net profit was $19.442 billion, a decrease of 11% compared with $21.744 billion in the same period last year. Among them, Apple’s third-quarter net revenue in Greater China was US$14.604 billion, compared with US$14.762 billion in the same period last year, a year-on-year decrease of 1%.
Following the earnings release, Apple management held a conference call with CEO Tim Cook, CFO Luca Maestri and Investor Relations (Senior) Director Tejas Gala and answered analyst questions.
The following is the main content of the analyst Q&A session of the conference call:
Evercore analyst Amit Daryanani: I have two questions. Let me ask Luca a question on gross profit margin. You seem to imply that the company’s gross profit margin in the fourth fiscal quarter will decline by 130 to 140 basis points sequentially. Can you talk about the positive and negative factors that have contributed to the change in gross profit margin? In particular, what role does the exchange rate play?
Luca Mastri: Our forecast for the gross profit margin for the fourth quarter is 41.5%-42.5%. The reason for the quarter-on-quarter decline is the exchange rate issue you mentioned, as well as the sales ratio of each product. The latter Partial degree of resolution can be obtained by lever adjustment. We expect the impact of exchange rate on the quarter-over-quarter change (gross margin) to be 50 basis points, which is roughly similar to the same period last year, but in fact (foreign currency against the US dollar) exchange rate fell by 130 basis points compared to the same period last year, so the exchange rate issue is obvious to us. There is an impact, but our response is still very effective.
Amit Daryanani: Another question for Tim, there is a lot of concern right now about the macroeconomic outlook, high inflation shocks and slowing consumer demand, but we don’t seem to see much of that in Apple’s earnings and outlook. Impact, is the company seeing recession and inflation concerns have an impact on consumer demand? Also, could the decline in the company’s wearables sales be interpreted as the first sign of softening consumption?
Tim Cook: I’m not an economist, so I can only try to answer your question from a corporate business perspective. The macroeconomic headwinds did have some impact on the company’s third-quarter performance, and one of the most obvious factors was the exchange rate, which Luca also mentioned, and the exchange rate dragged down 300 basis points of revenue growth.
In terms of product categories, except for exchange rates, the macroeconomic impact of the iPhone in the third fiscal quarter was not obvious; the Mac and iPad were greatly affected by the shortage of supply, so there was not enough supply to judge the real demand situation; As you and Luca said, wearables and home products are indeed affected by the macroeconomic environment; in terms of the service business, some businesses are indeed affected, such as the digital advertising business. The impact is very obvious. It can be seen that the impact of the company’s various departments is not the same, and considering the many challenges the company has experienced this fiscal quarter, we are still very satisfied with the results we can achieve.
Amazon today released the company’s fiscal 2022 second-quarter earnings. The report shows that Amazon’s second-quarter net sales were $121.234 billion, an increase of 7% compared with $113.080 billion in the same period last year, and a 10% year-on-year increase excluding the impact of exchange rate changes; a net loss of $2.028 billion, compared with the same period last year. Net income for the same period last year was $7.778 billion; diluted loss per share was $0.20, compared with earnings per diluted share of $0.76 for the same period last year.
Amazon’s second-quarter net sales beat Wall Street analysts’ expectations, but its diluted loss per share was worse than expected. Meanwhile, Amazon’s forecast for fourth-quarter revenue beat expectations, sending its shares up more than 12% after hours.
Amazon’s second-quarter revenue of $121.2 billion, a year-on-year turnaround
Main achievement: For the quarter ended June 30, Amazon posted a net loss of $2.028 billion, or $0.20 per diluted share, worse than a year earlier. In the second quarter of fiscal 2021, Amazon’s net income was $7.778 billion, or $0.76 per diluted share. Amazon’s second-quarter operating profit was $3.317 billion, compared with $7.702 billion in the same period last year; net sales were $121.234 billion, an increase of 7% compared with $113.080 billion in the same period last year. Excluding the $3.6 billion negative impact from currency changes, Amazon’s second-quarter net sales rose 10% year over year.
Amazon’s second-quarter sales beat Wall Street analysts’ expectations, but its diluted loss per share was worse than expected. According to data provided by Yahoo Finance Channel, 37 analysts had expected Amazon’s second-quarter diluted earnings per share to reach $0.13, and 40 analysts had expected Amazon’s second-quarter net sales to reach $119.09 billion.
In April, Amazon projected second-quarter fiscal 2022 net sales of $116 billion to $121 billion, an increase of 3% to 7% year over year, including an expected negative impact of about 200 basis points from currency movements. influences. Amazon also projected at the time that operating profit in the second quarter of fiscal 2022 would be -$1 billion to $3 billion, compared with $7.7 billion in the same period in fiscal 2021. The aforementioned guidance assumes that the Prime Day event will take place in the third quarter of 2022.
Operational data: Amazon’s second-quarter net product sales were $56.575 billion, compared to $58.004 billion a year earlier; net services sales were $64.659 billion, compared to $55.076 billion a year earlier.
By region:
Amazon North America (U.S., Canada) second quarter net sales of $74.430 billion, up 10% from $67.550 billion in the prior year; operating loss of $627 million, compared to operating loss in the prior year Profit was $3.147 billion.
Amazon International (UK, Germany, France, Japan, and China) second-quarter net sales of $27,065 million, down 12% from $30,721 million a year earlier; operating loss of $1,771 million, compared to $30,721 million a year earlier Operating profit for the same period last year was $362 million.
Net sales of Amazon’s AWS cloud services in the second quarter were $19.739 billion, up 33% from $14.809 billion in the same period last year; operating profit was $5.715 billion, compared with operating profit of $4.193 billion in the same period last year Dollar.
Sales from Amazon’s North American division accounted for 62% of total sales in the second quarter, compared to 60% for the same period a year earlier; sales from international divisions accounted for 62% of total sales 22%, compared to 27% a year earlier; sales from AWS cloud services accounted for 16% of total sales, compared to 13% a year earlier %.
By service and business type:
Amazon’s second-quarter net sales from online stores were $50.855 billion, down 4% from $53.157 billion in the same period last year, and flat year-over-year excluding the impact of currency changes;
Net sales from brick-and-mortar stores were $4.721 billion, an increase of 12% compared to $4.198 billion in the same period last year, or a 13% increase excluding the impact of currency changes;
Net sales from third-party seller services were $27,376 million, an increase of 9% compared to $25,085 million in the same period last year, or a 13% increase excluding the impact of currency changes;
Net sales from subscription services were $8.716 billion, an increase of 10% compared to $7.917 billion in the same period last year, or a 14% increase excluding the impact of currency changes;
Net sales from AWS cloud services were $19.739 billion, an increase of 33% compared to $14.809 billion in the same period last year, and a 33% increase excluding the impact of currency changes;
Net sales from other businesses were $1,070 million, an increase of 131% compared to $463 million in the same period last year, or a 135% increase excluding the impact of currency changes.
Cash Flow Information: For the 12 months ended June 30, 2022, Amazon’s cash flow from operations was $35.6 billion, down 40% from a year earlier; for the 12 months ended June 30, 2021, Amazon’s operating cash flow was $59.3 billion.
For the 12 months ended June 30, 2022, Amazon’s free cash flow was -$23.5 billion, which was nowhere near the same period a year ago; for the 12 months ended June 30, 2021, Amazon’s free cash flow Cash flow was $12.1 billion.
After deducting principal repayments, Amazon’s free cash flow for the past 12 months was -$33.5 billion, far less than the same period last year; for the 12 months ended June 30, 2021, Amazon deducted the aforementioned items Future free cash flow is $600 million.
After deducting principal repayments and assets acquired under capital leases, Amazon’s free cash flow for the trailing 12 months was -$26.1 billion, well below the prior year period; in the 12 months ended June 30, 2021 In time, Amazon’s free cash flow excluding the aforementioned items was $4.2 billion.
Performance Outlook: Amazon expects third-quarter fiscal 2022 net sales to be between $125 billion and $130 billion, up 13% to 17% year-over-year, including an expected negative impact of about 390 basis points from currency changes, The outlook averaged $127.5 billion, beating analysts’ previous expectations. According to data provided by Yahoo Finance, 39 analysts had expected Amazon’s third-quarter net sales to reach $126.42 billion on average.
Amazon also expects operating profit to be between $0 and $3.5 billion in the third quarter of fiscal 2022, compared with $4.9 billion in the same period in 2021. This performance outlook assumes no additional business acquisitions and restructuring activities and no judicial settlements during the third quarter.
Share price changes: On the same day, Amazon rose $1.31 in regular Nasdaq trading to close at $122.28, or 1.08%. In subsequent after-hours trading as of 5:23 p.m. ET on Thursday (5:23 a.m. Beijing time on Friday), Amazon shares rose again by $15.01, or 12.28%, to $137.29. Over the past 52 weeks, Amazon’s highest price was $188.11 and its lowest price was $101.26.
Apple Inc. released its fiscal third-quarter earnings today, and CEO Tim Cook said in an interview that the company will “carefully” consider spending decisions amid a slowing economy. Previous reports have pointed out that Apple will slow spending and hiring of some teams in 2023.
Cook
Spend cautiously, revenue will accelerate “We believe in investing in a downturn, and we’ve always done that. We’ve always found that it makes us stronger on the other hand,” Cook said on Thursday. “That’s how we treat this economy. A downturn mentality. Obviously, we need to be thoughtful when deciding where to invest.”
Boosted by better-than-expected iPhone sales, Apple’s fiscal third-quarter results slightly beat Wall Street expectations, but some products, such as Macs and wearables, missed expectations.
Cook said in the interview that he expects revenue to accelerate in the fiscal fourth quarter despite “softening in some areas.” Cook said he believed “macroeconomic headwinds” affected the company in the fiscal third quarter, including its wearables and digital advertising businesses. Tight supply also affected Macs and iPads in the fiscal third quarter, but demand for iPads remained strong, he said.
Discounts in China Cook said both supply and demand in China had improved “significantly” in June. “We had some very strong results during the 618 shopping festival,” Cook said.
Apple’s official website recently launched a rare 4-day season of discounts. From July 29 to August 1, consumers can save up to 600 yuan on products such as the iPhone 13 if they pay in the designated way. Some analysts pointed out that Apple may be clearing inventory to make way for the iPhone 14 released in September.
Apple today released the company’s fiscal 2022 third-quarter results. According to the report, Apple’s third-quarter net revenue was $82.959 billion, an increase of 2% compared with $81.434 billion in the same period last year; net profit was $19.442 billion, a decrease of 11% compared with $21.744 billion in the same period last year. Among them, Apple’s third-quarter net revenue in Greater China was US$14.604 billion, compared with US$14.762 billion in the same period last year, a year-on-year decrease of 1%.
Apple’s third-quarter revenue and earnings per share exceeded Wall Street analysts’ expectations, pushing its shares up more than 3 percent after hours.
Apple’s Board of Directors has announced that it will pay a cash dividend of $0.23 per share to the company’s common stockholders, which will be paid on August 11, 2022 to shareholders of record as of the close of business on August 8, 2022.
Apple’s third-quarter revenue was $82.959 billion, with Greater China revenue down 1.1% year-on-year
Detailed performance: In the fiscal third quarter ended June 25, 2022, Apple’s net profit was $19.442 billion, down 11% from the same period last year; diluted earnings per share were $1.20, down 8% from the same period last year. In the third quarter of fiscal 2021, Apple’s net income was $21.744 billion, or $1.30 per diluted share.
Apple’s third-quarter net revenue was $82.959 billion, up 2 percent from $81.434 billion in the same period last year.
Apple’s third-quarter revenue and earnings per share exceeded Wall Street analysts had expected. According to data provided by Yahoo Finance Channel, 29 analysts had expected Apple’s third-quarter earnings per share to reach $1.16, and 26 analysts had expected Apple’s third-quarter revenue to reach $82.81 billion.
Apple’s third-quarter operating profit was $23.076 billion, compared with $24.126 billion a year earlier.
Apple’s third-quarter gross profit was $35.885 billion, compared with $35.255 billion a year earlier.
Apple’s total operating expenses in the fiscal third quarter were $12.809 billion, compared with $11.129 billion in the same period last year. Among them, Apple’s third-quarter R&D expenditure was $6.797 billion, compared with $5.717 billion in the same period last year; sales, general affairs and administrative expenses were $6.012 billion, compared with $5.412 billion in the same period last year.
By region: Apple’s Americas division’s net revenue in the fiscal third quarter was $37.472 billion, compared with $35.870 billion in the same period last year;
Net revenue in Europe was $19.287 billion, compared to $18.943 billion in the same period last year;
Net revenue in Greater China was $14.604 billion, compared with $14.762 billion in the same period last year, down 1% year-on-year;
Net revenue in Japan was $5.446 billion, compared to $6.464 billion in the same period last year;
Rest of Asia Pacific net revenue was $6.150 billion, compared to $5.395 billion in the same period last year.
By product: Apple’s third-quarter net revenue from iPhones was $40.665 billion, compared with $39.570 billion a year earlier. Analysts had expected Apple’s third-quarter net revenue from iPhones to reach $38.33 billion, according to data provided by financial market data and infrastructure provider Refinitiv.
Net revenue from Mac was $7.382 billion, compared to $8.235 billion in the year-ago quarter. Analysts had expected Apple’s third-quarter net revenue from Macs to reach $8.70 billion, according to data provided by Refinitiv;
Net revenue from iPad was $7.224 billion, compared with $7.368 billion in the same period last year. According to data provided by Refinitiv, analysts had expected Apple’s third-quarter revenue from iPads to reach $6.94 billion;
Net revenue from wearables, home products and accessories was $8.084 billion, compared to $8.775 billion a year earlier. Analysts had expected Apple’s third-quarter net revenue from wearables, home products and accessories to reach $8.86 billion, according to data provided by Refinitiv.
Net revenue from services was $19.604 billion, compared to $17.486 billion in the same period last year. Analysts had expected Apple to post $19.70 billion in net revenue from services in the fiscal third quarter, according to data provided by Refinitiv.
Performance expectations: Apple did not provide an outlook for the fourth quarter of fiscal 2022 in its earnings report.
Capital Return Plan: Apple’s Board of Directors has announced that it will pay a cash dividend of $0.23 per share to the company’s common stockholders, which will be paid on August 11, 2022 to shareholders of record as of the close of business on August 8, 2022.
Executive comments: “This quarter’s record results underscore Apple’s ongoing efforts to innovate, advance new possibilities and enrich the lives of our customers,” said Apple CEO Tim Cook. Consistently upholding our values and embodying them in everything we build – from new features designed to protect user privacy and security, to tools that will enhance accessibility – this is what we do for everyone part of a long-term commitment to create a product.”
“This quarter’s results continue to demonstrate our ability to effectively manage our business despite a challenging operating environment,” said Luca Maestri, Apple’s chief financial officer. Record fiscal quarter revenue and an all-time high in active equipment installations across every geographic segment and product category. During the quarter, we generated nearly $23 billion in operating cash flow, which was returned to shareholders over $28 billion and continue to invest in our long-term growth plans.”
Share price changes: On the same day, Apple’s shares rose $0.56 in regular Nasdaq trading to close at $157.35, or 0.36%.
In subsequent after-hours trading as of 5:21 p.m. ET Thursday (5:21 a.m. Beijing time on Friday), Apple’s shares rose again by $5.64, or 3.58%, to $162.99. Over the past 52 weeks, Apple’s highest price was $182.94 and its lowest price was $129.04.
This morning, the State Council Information Office held a press conference on the development of industry and informatization in the first half of 2022. Wang Peng, head of the Information and Communication Administration of the Ministry of Industry and Information Technology, said that my country’s digital economy has ranked second in the world for several consecutive years, and its role in driving economic growth has continued to increase.
First, the scale of the digital industry continued to increase. In the first half of the year, the “non-contact economy” such as online shopping, online education, and telemedicine accelerated in an all-round way, and the digital industry maintained a good growth momentum, injecting strong impetus into economic development. From January to June, the total revenue of the electronic information manufacturing industry, software industry, communication industry and the Internet exceeded 10 trillion yuan. Second, the process of industrial digital transformation has been accelerated and upgraded. We focused on deepening the integration of new-generation information technology and manufacturing industry, and took a firmer step in the innovation and development of the industrial Internet. The 512 project of “5G + Industrial Internet” was further advanced, with more than 3,100 construction projects, including 700 new projects in the second quarter. Implementing intelligent manufacturing projects, there are more than 6,000 incubation solution providers, and their service scope covers more than 90% of the manufacturing industry. The numerical control rate of key processes and the penetration rate of digital R&D and design tools in industrial enterprises above designated size have reached 55.7% and 75.1% respectively. Traditional The process of industrial digital transformation and upgrading has been further accelerated.
IT House learned that Wang Peng pointed out that in the next step, the Ministry of Industry and Information Technology will continue to make efforts in the following five aspects, and strive to build a good industrial policy environment for the development of the digital economy.
5G
The first is to strengthen the research on core technologies and promote the innovation and development of the digital industry. Deeply implement the innovation-driven development strategy, firmly grasp the autonomy of key core technologies, break through a number of “stuck neck” key areas, cultivate a number of competitive ecologically-led enterprises, and enhance the resilience and competitiveness of the industrial chain and supply chain.
The second is to continuously optimize the network layout and accelerate the construction of new digital infrastructure. In accordance with the principle of being moderately advanced, continue to intensify the construction of 5G networks and gigabit optical fiber networks, implement in-depth industrial Internet innovation and development projects, and make overall arrangements for the construction of green and intelligent data and computing facilities.
The third is to meet the application needs of the industry and promote the integration of the digital economy and the real economy. Carry out in-depth manufacturing digital transformation actions and SMEs digital empowerment actions, expand industrial big data application scenarios, cultivate a group of “specialized, special and innovative” SMEs and single champion enterprises in manufacturing, and build a pattern of integrated development of large and medium-sized enterprises.
The fourth is to stimulate the vitality and potential of data elements and enhance the new kinetic energy of economic development. Support central enterprises and Internet companies to open up their markets urgently need data, select a group of regions and industries to carry out pilot implementation of national standards for data management, and improve the volume and quality of data supply across the country. Publish the guidelines for data element application scenarios to consolidate the guarantee of data element circulation.
The fifth is to strengthen the governance of the digital economy and create a sound industrial development ecology. Focus on building systems, strengthening supervision, ensuring security, and improving digital economy governance capabilities. Deepen international cooperation in the field of digital economy, work together to create an open, fair, just, and non-discriminatory digital economy development environment, and promote the building of a community of shared future in cyberspace.
At the meeting, Tian Yulong, spokesperson and chief engineer of the Ministry of Industry and Information Technology, said that everyone is generally concerned about the exemption of purchase tax, and the State Council attaches great importance to it. tax deferrals. At present, the relevant departments of the Ministry of Industry and Information Technology are stepping up research and releasing relevant results as soon as possible.
Tian Yulong said that in June, the production and sales of new energy vehicles were 590,000 and 596,000 respectively, an increase of 1.3 times year-on-year. Overall, in the first half of the year, the production and sales of new energy vehicles reached 2.661 million and 2.6 million respectively, an increase of 1.2 times year-on-year. From the perspective of the entire production and sales scale, it was a record high, with a market penetration rate of 21.6%.
Tian Yulong said that technological innovation has made some new breakthroughs. The newly developed lidar, domestic chips, and vehicle-based basic computing platforms have all been applied in vehicles, and the level of technological innovation has been continuously improved. New breakthroughs have also been made in energy batteries. The energy density of mass-produced ternary batteries has reached the world’s highest 300 Wh/kg, and cobalt-free batteries has reached 240 Wh/kg. These indicators are very eye-catching. . Semi-solid batteries are close to mass production, and our industrial competitiveness in new energy vehicle power batteries is very strong.
Tian Yulong also said that in general, my country’s new energy vehicles have entered a stage of large-scale and rapid development, and stabilizing and expanding the consumption of new energy vehicles is an important way to ensure the stable development of the automobile industry, which is also an important work measure in our future. In accordance with the decisions and arrangements of the Party Central Committee and the State Council, we will work with relevant departments to further expand the scale of promotion of new energy vehicles, promote automobile consumption, and make positive contributions to stabilizing the overall economic market.
Mainly in several aspects: First, continue to improve the quality of product supply. Continuously improve the safety technical standards of new energy vehicles, and the performance levels related to power batteries, including runaway alarms, safety protection, low temperature adaptability and other performance levels, so that consumers can buy and use with confidence. At the same time, it is necessary to accelerate the integration and development of electrification and intelligent network technology, develop more service functions that suit the needs of consumers, and continue to improve the driving experience and modernity. On the other hand, actively creating a good environment for use, strengthening industry monitoring, and ensuring the supply and price of automotive chips and upstream raw materials will have a relatively large impact on the automotive industry. Do a good job in ensuring supply and price, and make every effort to ensure the stability and smoothness of the industrial chain and supply chain. Implement the requirements of the State Council to steadily increase the consumption of automobiles and other bulk consumption, and encourage the qualified localities and regions to introduce high-quality consumption promotion policies. Make concerted efforts, make efforts from top to bottom, do a good job in a new round of new energy vehicles going to the countryside, organize the implementation of urban pilot projects for comprehensive electrification of public facilities, speed up the construction of charging and swapping facilities, and promote the realization of information sharing, unified settlement and other convenient measures, so that new energy Automobile consumption, safe driving and the steady development of the entire industry are coordinated.
On July 7, 17 departments including the Ministry of Commerce issued the “Notice on Several Measures to Revitalize Automobile Circulation and Expand Automobile Consumption”. The “Notice” shows that the relevant departments support the consumption of new energy vehicles, and are studying the issue of the extension of the new energy vehicle purchase tax exemption after the expiration of the policy.
IT House learned that in April last year, the Ministry of Finance and other three ministries officially issued a policy announcement on the exemption of purchase tax for new energy vehicles. From January 1, 2021 to December 31, 2022, the purchase of new energy vehicles Exemption from vehicle purchase tax. New energy vehicles exempt from vehicle purchase tax refer to pure electric vehicles, plug-in hybrid (including extended-range) vehicles, and fuel cell vehicles.
Unlike Ideal and Weilai, Xiaopeng Motors, one of the “new car-making forces”, not only manufactures electric vehicles, but also gets involved in the future transportation of flying cars. Following Xiaopeng Huitian’s first demonstration of operating a flying car with a combination of a steering wheel and a handle earlier this month, He Xiaopeng shared more progress on its flying car today.
He Xiaopeng exposed Xiaopeng flying car acceleration and emergency braking test: precise control, where to hit
He Xiaopeng exposed Xiaopeng flying car acceleration and emergency braking test: precise control,
At present, the latest product of Xiaopeng Flying Car is “Lover X2”. Today, He Xiaopeng posted a video of Xiaopeng Huitian X2 doing 0-100 acceleration tests, emergency braking, and large maneuvers. He Xiaopeng said that it “controls accurately, converges very crisply, and is very follow-up. You can fight where you want, and you can play through it.” machine feeling.”
Judging from the video, Xiaopeng Huitian X2 does have strong maneuverability and is more flexible than traditional helicopters. Flying cars may not be far away from us.
He Xiaopeng posted a video of flying car control: steering wheel + gear lever control, one-key take-off
It is reported that the Traveler X2 was officially launched in November 2020, and will successfully make its first flight in June 2021. It adopts a closed cockpit, and the entire fuselage adopts a carbon fiber structure. The empty aircraft weighs 560 kg with batteries and can carry 2 passengers. The maximum load 200 kg. The X2 is powered by pure electric power, with a battery life of up to 35 minutes. The designed flight altitude is below 1000 meters, which is suitable for low-altitude flight in future cities. During the flight, the maximum flight speed is 130 kilometers per hour. At the same time, the aircraft has the capability of autonomous flight path planning. Through multiple sensors, the aircraft can realize ground monitoring, environmental perception without dead ends, self-service return and landing, and two-way real-time communication over 100 kilometers.
IT House learned that in October last year, Xiaopeng Huitian, a flying car company under Xpeng Motors, received the largest single financing of US$500 million in the field of low-altitude manned aircraft equipment production in Asia so far, and officially announced that it will have a 2024 annual volume. Produce.
