分类： sangna

　　After a lapse of more than ten years, another important law in the financial industry ushered in a major overhaul.

　　A few days ago, the People’s Bank of China drafted and issued the Law of the People’s Republic of China on the People’s Bank of China (Revised Draft for Comment) (hereinafter referred to as the Draft for Comment), making it clear that any unit or individual is prohibited from making and selling digital tokens, which does not involve the monetization of the fiscal deficit. The upper limit of fines will be raised to 20 million yuan, and the statutory duties of the central bank will be greatly expanded.

　　This revision emphasizes financial services to the real economy, strengthens financial macro-control, and modifies and improves the responsibilities of the central bank; Establish a dual-pillar regulatory framework of monetary policy and macro-prudential policy, improve the overall supervision system of systemically important financial institutions, financial holding companies and important financial infrastructure, and increase penalties for financial violations.

　　"This is a major revision." Dong Ximiao, chief researcher of Zhaolian Finance, said in an interview with China Business News that under the background of major changes in the current international and domestic economic and financial environment, amending the Law of the People’s Bank of China with the times and strengthening the responsibilities of the People’s Bank of China in macro-prudential supervision and prevention of financial risks will help improve the system construction, create a more suitable legal environment for preventing and resolving financial risks and maintaining financial stability, and also help promote the financial industry to better serve the real economy.

　　According to the central bank, the revision of the Law on the People’s Bank of China is necessary for building a modern central banking system and preventing and resolving systemic financial risks, and it is also in line with the trend of international financial regulatory reform.

　　Establish a macro-prudential policy framework

　　The Draft for Comment includes general provisions, organization, RMB, business, supervision and management responsibilities, supervision and management measures, financial accounting, legal responsibilities and supplementary provisions, with a total of 9 chapters and 73 articles.

　　From the content, it mainly involves eight aspects: emphasizing financial services to the real economy and strengthening financial macro-control. The responsibilities of the People’s Bank of China have been revised and improved. Establish a dual-pillar regulatory framework of monetary policy and macro-prudential policy. Improve the overall supervision system for systemically important financial institutions, financial holding companies and important financial infrastructure. Give further play to the role of the People’s Bank of China in maintaining financial stability and preventing and handling systemic financial risks.

　　And, improve the RMB management regulations, improve the governance system of the People’s Bank of China, improve the means of performing duties of the People’s Bank of China, and increase penalties for financial violations.

　　In terms of revising and improving the functions of the People’s Bank of China, it is clear about drafting major laws and regulations of the financial industry, formulating the basic system of prudential supervision, taking the lead in taking charge of systematic financial risk prevention and emergency response, three "overall plans", and organizing and implementing national financial security review.

　　In establishing a dual-pillar regulatory framework of monetary policy and macro-prudential policy, the monetary policy toolbox has been improved and the flexibility of monetary policy tools has been moderately increased; Establish a macro-prudential policy framework, clarify the macro-prudential policy objectives, focus on strengthening countercyclical regulation and penetrating supervision, and improve the macro-prudential policy toolbox of financial institutions such as countercyclical capital buffer, risk reserve and stress testing.

　　In this regard, Dong Ximiao told the First Financial Reporter: "This revision has made major adjustments to the responsibilities of the People’s Bank of China, increased the macro-management responsibilities of the financial market and financial system, given the central bank the right to draft major laws and regulations on the financial industry, and coordinated the supervision of important financial institutions, financial holding companies and financial infrastructure. This will help improve the modern central banking system, further strengthen supervision and coordination, better meet the new requirements put forward by the development and changes of the financial situation on the central bank’s responsibilities, and also conform to the changing trend of international financial supervision. "

　　Provide legal basis for issuing digital currency.

　　The issue of digital RMB by the central bank has always been the focus of the market, and this revision provides a legal basis for issuing digital currency.

　　Sun Haibo, president of the Institute of Financial Supervision, recently wrote an article analyzing that the formal inclusion of digital currency in the legal tender form has become the legal basis for digital currency to formally implement it nationwide, which will have a far-reaching impact on the management system reform of the payment system and the internationalization of the RMB.

　　"Draft for Comment" improves RMB management regulations. Article 19 clearly states that "RMB includes physical form and digital form".

　　Article 22 stipulates that no unit or individual may make or sell token tickets and digital tokens to replace RMB in circulation in the market.

　　In addition, Article 65 also provides penalties for making and selling token coupons and digital tokens instead of RMB circulating in the market: The People’s Bank of China shall order it to stop its illegal activities, destroy the illegally made and sold token coupons and digital tokens, confiscate its illegal income and impose a fine of less than five times the illegal amount; If the illegal amount cannot be determined, a fine of not less than 100,000 yuan but not more than 500,000 yuan shall be imposed.

　　Moreover, in the eyes of the industry, the "Draft for Comment" is equivalent to reaffirming the previous seven ministries and commissions, and at the same time upgrading from legal documents to legal level.

　　In fact, as early as September 2017, ICO had been sentenced to "death penalty" by supervision. China People’s Bank, China Banking Regulatory Commission and other seven ministries and commissions jointly issued the Announcement on Preventing the Financing Risks of Token Issuance, which indicated that the financing of Token Issuance is essentially an unauthorized illegal public financing, which is suspected of illegal selling of token coupons, illegal issuance of securities, illegal fund-raising, financial fraud, pyramid schemes and other illegal and criminal activities. Since the date of announcement, all kinds of token issuance financing activities shall be stopped immediately. Organizations and individuals that have completed the financing of token issuance shall make arrangements such as repaying, reasonably protect the rights and interests of investors, and properly handle risks.

　　Xiao Sa, a partner of Beijing Dacheng Law Firm, believes that the "Draft for Comment" accurately locates the illegality of the behavior, and ICO is not only an illegal act but also a crime. After the law is passed in the future, the possible result is that some ICO behaviors or companies that sell tokens will be investigated by criminal law. In the future, the selling behavior, manufacturing behavior and financial behavior of currency circles may be identified as crimes.

　　No mention of monetization of fiscal deficit, raising the upper limit of fines

　　During the epidemic, "monetization of fiscal deficit" became the focus of debate. According to the existing laws and regulations, the People’s Bank of China may not overdraw the government’s finances, and may not directly subscribe for or underwrite government bonds and other government bonds.

　　Judging from the "Draft for Comment", this revision does not involve the monetization of fiscal deficits, and once again emphasizes the independence of monetary policy.

　　Article 32 stipulates that the People’s Bank of China shall not overdraw the government finances, and shall not directly subscribe for or underwrite government bonds and other government bonds. The People’s Bank of China shall not provide loans to local governments and government departments at all levels, nor to non-bank financial institutions and other units and individuals, except that the State Council has decided that the People’s Bank of China may provide loans to specific non-bank financial institutions.

　　Wang Yuling, president of Wuhan Branch of the People’s Bank of China, previously said that at present, the effect of direct access of monetary policy to the real economy is emerging. With the deepening of supply-side structural reform, the coordination between monetary policy and fiscal policy is constantly strengthened, and the blocking point of financial support for the real economy will be further opened. There is no need to adopt the extreme policy means of monetizing fiscal deficit. The revision of laws should not only meet the needs of economic development, but also maintain certain stability and create stable expectations for the market. The system that the central bank and the finance perform their respective duties and have clear boundaries is suitable for the current needs.

　　Dong Ximiao believes that adhering to the requirement that "the People’s Bank of China shall not overdraw the government finances, and shall not directly subscribe for or underwrite government bonds and other government bonds" is the bottom line requirement for serious financial discipline, preventing the monetization of deficit problems, inflation and asset bubbles. From a practical point of view, China adheres to the normal monetary policy, and the monetary policy space is still large, so it is not necessary to implement unconventional monetary policies such as direct purchase of government bonds.

　　In addition, the Draft for Comment stipulates that one of the monetary policy tools that the People’s Bank of China can use is to provide loans to commercial banks, rural credit cooperatives, rural cooperative banks, policy banks and development banks. Compared with the current law, the expression of providing loans to credit cooperatives, policy banks and development banks is added.

　　In addition, in the expression of monetary policy, the original "determining the benchmark interest rate of the central bank" was changed to "determining the policy interest rate of the central bank". Sun Haibo believes that mainly due to the interest rate marketization reform, the central bank loan has cancelled the guiding interest rate and changed to LPR pricing, and the future deposit marketization is still expected.

　　In view of the low cost of illegal activities in the financial market, the "Draft for Comment" increased the punishment for financial illegal activities, and stipulated that the punishment for serious illegal activities could be aggravated, and the upper limit of the fine was raised to 20 million yuan; The institutions that have obtained the approval of the People’s Bank of China shall be ordered to suspend their business, revoke their licenses, and be banned from the market.

　　Dong Ximiao said that the direction and principle of strengthening strict financial supervision in the Revised Draft remain unchanged, giving the People’s Bank of China the right to inspect and investigate, and greatly increasing the punishment for financial violations. Setting up Chapter VI "Supervision and Management Measures" and giving the central bank the power to inspect and supervise financial institutions and other units and individuals will help the central bank to better perform its duties and enhance its authority and supervision effectiveness.

　　October has passed, and 2020 is coming to an end, but all kinds of rumors do not seem to stop: this winter will be the coldest winter in 60 years, eating soaked food will cause poisoning, infusion can prevent stroke, milk tea contains a lot of trans fatty acids, and fruits are sweet because of the addition of cyclamate … … Are these rumors true or false?

　　Myth 1: This winter will be the coldest winter in 60 years.

　　During the National Day this year, the temperature dropped significantly in many places in China, with some areas in the central and eastern regions dropping more than 12 degrees Celsius, and snowfall occurred in scenic spots such as Laojun Mountain and Baiyun Mountain in Henan Province. The circle of friends began to spread: "This winter will be the coldest winter in 60 years", "This year will be the coldest year since 2008" and "All this is related to La Nina".

　　Truth: Whether it will be cold or warm this winter needs to be comprehensively judged on the basis of scientific analysis, not by several snowfalls.

　　Zhai Yu, a meteorologist of China Meteorological Bureau, explained that La Nina refers to the phenomenon of large-scale continuous abnormal cooling of seawater in the eastern and central equatorial Pacific Ocean. When the duration of the phenomenon of low temperature reaches a certain level, we call it a La Nina event.

　　"Whether it’s cold winter or warm winter, there are advantages and disadvantages. For example, warm winter is conducive to the survival of bacteria and viruses in the air, which increases our chances of getting sick. Moreover, due to the high temperature, the probability of snowfall is greatly reduced, resulting in exceptionally dry weather. At the same time, eggs in the soil are more prone to overwintering reproduction, or lead to large-scale insect disasters, which is not conducive to agricultural production. However, because the temperature is not so cold, our heating demand will be relatively reduced, which is conducive to saving energy. " Yu Yu said.

　　Zhai Yu introduced that in winter, patients with cardiovascular and cerebrovascular diseases or hypertension, especially when the temperature drops suddenly or is particularly cold, the incidence rate will increase greatly. Therefore, it is necessary to pay special attention to the health problems of these elderly people during the cold winter.

　　Myth 2: Eating soaked food can cause poisoning.

　　Recently, the poisoning incident of "Sour Soup" occurred, which made rice yeast acid, a thing that people were not familiar with, frequently appear in public view. Therefore, many people began to worry about the safety of all kinds of soaked foods and refused all soaked foods for fear of being recruited.

　　Truth: Not all soaked foods contain mycotic acid, so there is no need to refuse all soaked foods. For some foods that may produce rice fermentation acid, as long as the soaking time is reasonable, poisoning can be avoided without excessive worry.

　　Xue Qingxin, a public nutritionist, said that the following foods are likely to produce rice yeast acid, and it is very important to soak and eat them reasonably in order to avoid poisoning. It is suggested that the soaking time of auricularia auricula should not exceed 4 hours and the water temperature should not exceed 30 degrees Celsius. Experiments show that the edge of auricularia auricula will crack after soaking for more than 6 hours, which not only seriously affects the quality of auricularia auricula, but also makes auricularia auricula more susceptible to microbial pollution.

　　The soaking time of river noodles and rice noodles in hot water should not exceed 20 minutes, and they should be boiled in boiling water for 1 to 2 minutes before eating. If it’s too much trouble, you can soak in cold water directly, then you have to soak for 4 hours.

　　Myth 3: Infusion can prevent stroke.

　　Many middle-aged and elderly people think that when the seasons alternate, going to the hospital for infusion can open blood vessels. As a result, many people go to the hospital for infusion as soon as winter comes, hoping to prevent cardiovascular and cerebrovascular diseases and stroke.

　　Truth: Chen Fei, an attending physician in the Department of Neurology, xuanwu hospital, Capital Medical University, said that stroke is a common name for acute cerebrovascular disease, and some people think that it can prevent cerebrovascular disease by infusing blood vessels every year, which is wrong.

　　Acute cerebrovascular diseases, including ischemic cerebrovascular diseases and cerebral hemorrhage. Head and neck vascular atherosclerosis, vascular stenosis occlusion or atrial fibrillation can all lead to ischemic cerebrovascular disease, and cerebral hemorrhage is caused by cerebral vascular rupture.

　　Most of the drugs that these middle-aged and elderly people go to the hospital are Chinese patent medicines with the function of "promoting blood circulation", which has no effect on controlling vascular stenosis and thrombosis. In addition, the "blood-activating" effect of infusion is also very short-lived, so stopping infusion will have no effect, and we can’t infuse every day.

　　So, how can we prevent cerebrovascular disease?

　　First of all, it is necessary to control the risk factors of stroke, including hypertension, diabetes, hyperlipidemia, hyperhomocysteinemia and other diseases, as well as bad living habits such as smoking, drinking, obesity and inactivity. Only by comprehensively controlling these risk factors can we prevent stroke and reduce the risk of stroke.

　　Secondly, middle-aged and elderly people should be screened for stroke regularly, and whether there is stenosis of cervical blood vessels and cerebral blood vessels can be determined by ultrasound examination, and whether there is atrial fibrillation can be determined by electrocardiogram.

　　Doctors will make prevention plans for patients according to the results of stroke screening. This plan includes establishing good living habits and making reasonable dietary adjustments. At the same time, patients should take corresponding preventive drugs according to the doctor’s advice, including antiplatelet drugs and statins.

　　Myth 4: Milk tea contains a lot of trans fatty acids.

　　"The first cup of milk tea in early autumn" became popular, and a saying began to go crazy in the circle of friends: milk tea contains a lot of trans fatty acids, which is ruining the health of young people in China.

　　Truth: Any behavior of "talking about toxicity without measurement" is unscientific. The harm of trans fatty acids to health is the result of long-term accumulation. As long as you don’t eat more, the impact on health is controllable. The key is to control the amount.

　　Shen Yingjian, deputy chief physician of the Nutrition Department of the General Hospital of Jihua Group, said that trans fatty acids are the main reason why milk tea is criticized. According to media reports, trans fatty acids can be divided into natural and artificial according to their sources. What we usually call trans fatty acids refers to artificial trans fatty acids.

　　At present, people have some misunderstandings about trans fatty acids. In fact, trans fatty acids are not illegal additives or food additives, but a derivative produced by food enterprises when they produce partially hydrogenated fats. When hydrogenated fats are used as raw materials or auxiliary materials to produce food, trans fatty acids will be contained in the products.

　　Shen Yingjian said that the harm of trans fatty acids to health depends on how much you eat. The World Health Organization (WHO) suggested in 2003 that the energy supply ratio of human trans fatty acids should be lower than 1%. The report on dietary intake level and risk assessment of trans fatty acids among residents in China released in 2013 shows that the energy supply ratio of trans fatty acids consumed by residents in China is only 0.16%. In big cities like Beijing and Guangzhou, the energy supply ratio of trans fatty acids among residents is only 0.34%, and only 0.4% of urban residents’ intake exceeds the recommended value of the World Health Organization. In other words, most people’s daily intake of trans fatty acids does not exceed the recommended standard.

　　Myth 5: Melon fragrance is due to injection of sodium cyclamate.

　　The loveliness of autumn, in addition to the crisp autumn air, also has the fragrance of fruits and vegetables. However, many people have found that the fruit now seems to be sweeter than the fruit 10 years ago. There are even rumors recently that this is because fruit farmers inject cyclamate into the fruit to increase the sweetness in order to make the fruit sell at a good price. Is it true?/You don’t say.

　　Truth: Sodium cyclamate is a non-nutritive sweetener and an international food additive. It is cheap, which is 1/3 of the price of sucrose, but its sweetness is 30 to 40 times that of sucrose, so it is widely used in the processing fields of drinks, desserts, juices and other foods.

　　First of all, it should be clear that the use of sodium cyclamate will not affect our health as long as it is within the prescribed scope; Secondly, it is unlikely that "fruit farmers add cyclamate to their fruits to optimize their taste". Why?

　　You know, beating sodium cyclamate on the surface of fruit will not have any effect on the sweetness of fruit at all. This is because sodium cyclamate is soluble in water but insoluble in oil. Even if sodium cyclamate is sprayed on the surface of fruit, sodium cyclamate will not enter the interior of fruit, so there is no possibility of increasing sweetness.

　　If vendors want to sweeten the fruit by injection, they need to inject the fruit in all directions, not to mention the time-consuming and laborious operation itself, which will destroy the cell wall of the fruit and accelerate the decay of the fruit. In other words, for fruit farmers and fruit vendors, it is harmful to inject cyclamate into fruits at any link.

　　Since there is no injection of sodium cyclamate, why is the fruit getting sweeter and sweeter?

　　There are sucrose, glucose and fructose in fruits, among which fructose has the highest sweetness, followed by sucrose and glucose. In different fruits, the contents of these three components are different. For example, apples are mainly fructose, peaches and sugarcane are mainly sucrose, and the variety and quantity of sugar in fruits determine the difference in taste of different fruits.

　　In addition, the sweetness of fruit has a great relationship with the quality of plant leaves. Because the leaves of plants are "organs" that perform photosynthesis, its important task is to produce glucose, carbohydrates, various organic acids and other substances in photosynthesis. The more efficient leaves a plant has in the growth stage, the more nutrients it produces, the higher the efficiency of storing nutrients in the tree, and the corresponding improvement of fruit quality.

　　With the continuous breakthrough and innovative development of planting science, the favorable conditions for plant growth have been improved and guaranteed in a more comprehensive way, and the quality and taste of fruit have naturally been improved.

　　Xinhuanet Li Xuemei Liu Mengjiao

　　China’s remarkable economy, China’s calm and confident people, and the oriental value that resonates with the world … … In recent years, foreign countries have filmed a number of documentaries focusing on China, which have been hotly debated by Chinese and foreign netizens and received constant praise.

　　From overlooking to head-up, from prejudice to objectivity, they know China again and tell the world such a story of China!

　　"People should treat the rise of China objectively and fairly."

　　Super China, produced by korean broadcasting system (KBS), shows extraordinary Chinese power in all aspects, including politics, economy, culture, military diplomacy, population and land.

　　After the film was released, the audience rating of the film once exceeded 10%, far exceeding the average audience rating of general documentaries of about 5%. Some Koreans call it "knowing China ‘ Encyclopedia dictionary ’ " .

　　Producer Park Jin-fan said that no matter whether the development of China is a crisis or an opportunity for South Korea, he hopes to guide South Koreans to fully understand the history and reality of China and treat the rise of China objectively and fairly.

　　"Compared with 30 years ago, China people today are more calm and confident."

　　The Story of China is a rare documentary focusing on the history of China in the West, which was jointly produced and broadcast by the BBC and the American Public Television Network.

　　This film traces the history of China for more than 4,000 years from the perspective of ordinary China people, and tells the great historical changes of China from ancient Xia, Shang and Zhou Dynasties to reform and opening up.

　　After the broadcast, foreign netizens gave almost one-sided praise. Some people said that it was the best documentary about China he had ever seen!

　　Michael Wood, the writer and host of the film, believes that the biggest change in China is not only reflected in the development of the city, but also in ordinary people. Compared with 30 years ago, people in China today are more calm and confident. They are willing to share their stories and the history of China in their own eyes.

　　"Hundreds of millions of people migrate at the same time, just for a reunion."

　　The documentary "China New Year" filmed by BBC is the largest and most in-depth record of China Spring Festival culture by foreign media so far.

　　The film presents more than 20 kinds of Spring Festival folk customs to the global audience, and depicts a picture of Spring Festival full of human feelings. There are stories of China people going home for the Spring Festival by different means of transportation, traditional customs and habits of China families during the Spring Festival, and happy and peaceful folk culture in the north and south of the Yangtze River.

　　Joy, harmony, sharing, blessing and happiness are the oriental values in China’s stories, which resonate with the world and arouse the world’s empathy. Overseas Chinese "cried and especially wanted to go home". Foreign netizens can’t wait to come to China for the Spring Festival.

　　"It’s a pity not to go to China."

　　Bird’s Eye of China was jointly produced by National Geographic Channel and China Institution.

　　The film records the charm of contemporary China from a bird’s eye view, including the carnival of the Dai water-splashing festival in Yunnan and the ancient charm of Shaolin Temple in Songshan, Henan. There are both the beauty and magic of Zhangjiajie and the grandeur of the Great Wall of Wan Li, a miracle of human engineering.

　　On the rice terraces, farmers cultivate leisurely; On the snowy land, the high-speed rail flies; On the northwest desert, the giant "windmill" gently draws an arc. The meticulous description beyond the overlooking is also amazing.

　　IMDb, a famous American film rating website, scored 8.2 for the film.

　　Some foreign viewers said, "It’s a pity that I didn’t go to China after watching this film." "I have heard about the rapid development of China in recent decades, but this film still gave me a greater image impact."

　　“‘ China threat theory ’ It is the hype of western media. "

　　The documentary The Coming War against China was directed by john pilger, a famous Australian journalist and director.

　　Through interviews, the film proves with a large number of facts that the "China threat theory" is a hype of western media. It is the United States that really "shows off" and poses a threat in the Asia-Pacific region.

　　At the same time, the documentary implied that the stereotype of China was widely spread in the United States, which prevented public opinion from understanding "the true appearance of China".

　　Pilger once worked in Reuters, Daily Mirror and other media, and was twice awarded the title of "Reporter of the Year" by the British press. Perhaps because of this experience, he saw more objective facts.

　　"China people pay attention to discipline and strict requirements, which is worth learning."

　　The documentary "Are Our Children Strong enough: Chinese Teaching" filmed by the BBC tells the story of five China teachers who have been teaching Chinese in British middle schools for four weeks.

　　The film recorded campus activities such as exercises, flag-raising and parent-teacher conferences in great detail. At one time, it triggered a heated discussion on the educational differences between China and Britain in Britain.

　　Anthony seldon, president of Wellington College, a famous British private school, believes that China people pay attention to discipline, strict requirements and strong teaching intensity. I hope the British can learn from them.

　　As an old-fashioned education power in the west, Britain puts down its posture and looks east, which also makes us re-examine ourselves.

　　(Text synthesis: Xinhuanet, People’s Daily, People’s Daily Overseas Edition, World Wide Web)

Every reporter: Sun Lei Every editor: Pei Jianru

On the evening of December 6th, Xpeng Motors (09868.HK) announced that it had signed a technical framework agreement with Volkswagen (China) Investment Co., Ltd. (hereinafter referred to as Volkswagen) on strategic technical cooperation. At the same time, Xpeng Motors issued Class A ordinary shares to Volkswagen (or the nominee of Volkswagen, which is an affiliated company of Volkswagen) according to the share purchase agreement and general authorization.

Image source: Xpeng Motors Announcement

Xpeng Motors claims that all preconditions contained in the share purchase agreement have been met and the investment was completed on December 6, 2023 according to the terms and conditions of the share purchase agreement. A total of about 94,079,300 shares of Class A common stock (subscription shares) have been successfully allotted and issued to Volkswagen Finance Luxemburg S.A (an affiliate of Volkswagen, that is, an investor) at the purchase price of US$ 15 per ADS (based on the exchange rate of HK$ 7.8096 to US$ 1.00 per ADS).

It is understood that the above-mentioned 94,079,300 Class A ordinary shares account for about 4.99% of the total issued and circulating share capital in Xpeng Motors after the transaction.

The announcement shows that the total purchase price of all subscribed shares is about 705.6 million US dollars. The net income from investment is about $704.6 million. The net purchase price is about US$ 15 per ADS (equivalent to about HK$ 58.5 per Class A common stock).

After the completion of the transaction, among Class A common shares, Volkswagen invested in nominee shares of 4.99%, other shareholders accounted for 76.51%, Class B common shares accounted for 18.5%, and the total number of shares was 1.885 billion shares. Volkswagen won an observer seat on the board of directors of Xpeng Motors. Xpeng Motors, for its part, indicated that it planned to use the net proceeds from the investment for general corporate purposes, including meeting the needs of working capital.

On July 26th this year, Volkswagen and Xpeng Motors reached a technical framework agreement. As part of the cooperation, audi ag will increase the capital of Xiaopeng Automobile by about 700 million US dollars, and acquire about 4.99% equity of Xpeng Motors at the price of 15 US dollars per ADS (*).

According to Volkswagen, the two parties plan to jointly develop two Volkswagen brand electric vehicles for the mid-size car market in China. These two new cars, which are exclusively for China market, will complement the product portfolio based on MEB platform, and are planned to go to market in 2026.

Image source: Every photo by reporter Li Xing (data map)

Xpeng Motors revealed that in terms of strategic and technical cooperation, Xpeng Motors and audi ag will jointly develop vehicles based on Xpeng Motors’s G9 vehicle platform, intelligent cockpit and advanced driver assistance system software. In addition, the two sides will explore other potential strategic cooperation in various fields, including future cooperation in electric vehicle platforms, software technology and supply chain.

On October 12th, He Xiaopeng, Chairman and CEO of Xpeng Motors, wrote in Weibo that he visited the headquarters in Wolfsburg, audi ag at the end of September. "In the past few months, the models jointly developed by us have been accelerating. The technical teams of both sides, like an entrepreneurial team, are fully committed to the common goal and advance at full speed; The strategic cooperation promoted in the supply chain will bring us the potential to reduce costs together. " He Xiaopeng said.

"The cooperation between Xpeng Motors and Volkswagen is progressing smoothly, and the two sides will meet twice a week. We have many people in Volkswagen, and Volkswagen also has many people in Guangzhou (referring to Xpeng Motors headquarters). We are talking about the current deal and more deals. " During the 1024 Xpeng Motors Science and Technology Day, He Xiaopeng said in an interview with national business daily.

Image source: Every photo by reporter Kong Zesi (data map)

In addition, He Xiaopeng also revealed that after reaching the cooperation, Volkswagen studied the products of Xpeng Motors. "This is Tucki and Volkswagen reached a cooperation, Volkswagen executives told me. They think that Xpeng Motors’s spare parts procurement cost is higher than that of its peers, which has also triggered other incidents (referring to the announcement that Li Feng, the head of the procurement department, was suspended in Xpeng Motors, and several employees cooperated with the investigation. ）。” He Xiaopeng said.

In the above announcement, Xpeng Motors also said that two Class B pure electric vehicles jointly developed by it and Volkswagen have made great progress, and the feasibility study of the project has achieved positive results and has been completed. In addition, the two sides are actively evaluating more in-depth cooperation in smart electric vehicle technology.

national business daily