700 million dollars for 4.99% equity! Xpeng Motors officially announced that Volkswagen has completed its shareholding, and the cooperative models of both parties have passed the feasibility study.

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

Dancsics: Successfully lost weight and got back into shape, and took the lead in attacking the World Cup!

After the lone ranger missed the playoffs last season, Dancsics also disappeared from public view for a long time. Although Dancsics was still brave in last season, and once showed a 60-point triple-double performance, it still failed to meet the expectations of the fans.

After all, in the previous season, this lone ranger, led by Dancsics, made it to the Western Conference finals. However, the subsequent personnel changes made the team lose its original tacit understanding. In particular, the change of key players in the flank and back line has made the lone ranger suffer a lot. As a star player, Dancsics is inevitably the object of criticism from the outside world, and the first thing is his poor body control and slow pace on the defensive end.

After all, people have seen the terrifying strength of Jokic after losing weight in the 19th World Cup. In recent years, Mr. Yue has successively won MVP, championship and FMVP feats. As two European superstars, whether Dancsics can control his weight and attack the honor he had the chance to touch has drawn a big question mark in everyone’s mind. Recently, however, Dancsics pointed out an optimistic trend with practical actions.

Dancsics, who is preparing for the World Cup, has finally lost weight after a period of special training! The changes in his face and figure can be clearly seen from the photos. Compared with him in the NBA a few months ago, Luca is even stronger.

In the recent warm-up match against the Greek men’s basketball team, Dancsics scored 20 points, 9 rebounds and 14 assists, and still performed well. The oriental rhythm and excellent overall situation in the game are still there. At the same time, his confrontation ability is still very good, and players in the same position can basically take advantage of it.

At the same time, Dancsics has also been appointed as the captain of Slovenian national team, and he has more responsibilities and more missions. In the upcoming Men’s Basketball World Cup, can we lead this Slovenian men’s basketball team to break through or even top it? It is the first big test for Dancsics in the near future, and we look forward to the performance after Dancsics!

The heavy eyebrows surpassed Brown to win the biggest annual salary in history, and the sledgehammer debuted the men’s basketball team to compete with Italy for the championship tonight.

At 3: 00 this morning, the Lakers officially announced that they had reached a three-year contract renewal of 186 million with thick eyebrows Davis. After renewing the contract of Heavy Eyebrows, the Lakers have completed many operations in the offseason, such as renewing the contract of Heavy Eyebrows in advance, renewing the contract of Russell, Eight Village Bases and Reeves, and signing Vincent, Prince, Reddish and Hayes. While retaining all the core lineups of last season, the Lakers added experts such as Vincent and Reddish, and their strength was greatly improved.

Lakers’ future core

After the official renewal of the contract, the average annual salary of his new contract has reached $62 million, surpassing Brown, Lillard and others to become the highest salary in history. The top five annual salary rankings are shown in the figure below.

Historical ranking

China’s men’s basketball team beat Cape Verde last night and reached the final of the Trentino Cup in Italy, where they will compete with the host Italy for the championship tonight. Italy beat Ottoman-led Turkey 90-89 in extra time in another semi-final.

Qi zhou is very brave.

Today, Li Kaier issued a document confirming that the men’s basketball debut will be staged against Italy tonight, so we will wait and see!

Come on, China!

Depth: After studying the NBA playoffs in the past 30 years, I found the mystery of James winning or losing, and the conclusion was unexpected.

The NBA is a commercial league, and everything is for profit. For this, James sees it clearly and further than many people. He knows the rules of the game and knows how to play the game well.

If you want to be taken care of by the alliance, it must be in the interests of the alliance. Like Jordan at the peak, after the magician and Bird faded out of the rivers and lakes, he has become the most shining star and the facade of the alliance, and his every move has a great influence. However, Jordan’s contribution to the league is too great. It can be said that players can get such a high salary now thanks to Jordan, so everyone will not have any opinions if he gets a little care. There is no absolute fairness in this world.

The most important thing is that Jordan’s own hard power has passed, and the league can win everyone with a little applause. Even if the league doesn’t help, he can win all his opponents in the playoffs, so the controversy caused by Jordan in the past is not that big.

In this regard, Jordan’s regular season data, playoff data and finals data show a step-by-step obvious upward trend, which is evident. Other players are better than Kobe and James. Although the playoff data is also better than the regular season, the increase is not obvious, and the finals are even more difficult.

For big players, they are not as enjoyable as perimeter players, so they naturally get less care.

By the time the OK team ruled the Lakers, their dominance was still slightly inferior to Jordan’s. Do you think the league didn’t take care of them? There are still some more or less. However, in the 2002 Western Conference Finals, the series between Kings and Lakers, the referee failed to control the game, which can be said that both sides were not very good, and it also caused great controversy later.

Later, in the era of James and Curry, including the team where Thunder Sanshao was located, Durant, Wei Shao and Harden (including after joining the Rockets), these people were taken care of to varying degrees. These things are already clear to everyone, so I won’t repeat them here.

James is a very clever man, and his cleverness is reflected in many aspects. As mentioned earlier, he saw through the essence of the alliance very early, and it is one thing to learn and play this game better than anyone else.

On the other hand, on the court, especially in the series of playoffs, we can see it through many things.

If every series in the playoffs is full, there are seven games. James often tests and observes his opponent in the first game, and finds out the routines of the opponent, and of course, the routines of the league and the referee.

Many times, opponents won the first game against James’ team, but they often couldn’t laugh at the end, especially after James joined the Heat.

For this strange phenomenon, there is only one explanation, that is, James’s understanding and observation ability is too strong. He didn’t really exert himself in the first game of the series. He will find the weakness of the opponent’s tactical routine through observation and start to defeat his opponent with his strength in the second game.

One of the classic examples is the 2012 finals. Although the Youth Army Thunder won the first battle, James, who was aiming at the championship, quickly found the weakness of the Youth Army and led the Heat to win his first championship trophy for 40% in a row.

Some people say that Rondo can remember each other’s tactics and make a magical move to let Cousins successfully defend the opponent in the bottom corner. James can also remember each other’s tactics and find a solution after the first game of the series.

There is also a classic case. In the 2013 finals, James’s Heat also lost in the first game, and there were several big scores to lose. There were many factors that Popovich was tricky and difficult to deal with, but in the end, James dismantled them one by one and finally won the tiebreaker.

After losing the first game of the series, there are too many cases in which James’ team bounced back and beat their opponents. In those days, he reversed the Bulls and Pacers in the Heat, and later reversed the Rockets where Harden was after the Cavaliers reversed the Pacers and Celtics, and arrived in the Lakers.

The most classic finals case is the 2016 finals. After the first four games, the Cavaliers were 1-3 behind, but James seized the opportunity of Green’s suspension. The most important thing was Bogut’s reimbursement, so that he and Owen could take turns to attack the inside line, and he knew the referee’s penalty scale and the league’s need for greater interests. They seized the weakness of the Warriors and beat them hard, and finally successfully reversed the game.

James reached the finals ten times, four of which won the championship, and the four wins were:

In 2012, he defeated Thunder 4-1.

In 2013, he defeated the Spurs 4-3.

In 2016, the Warriors were defeated 4-3.

In 2020, beat the Heat 4-2.

And lost six times, respectively:

In 2007, he lost 4-0 to the Spurs.

In 2011, 2-4 lost to the Mavericks.

In 2014, 1-4 lost to the Spurs.

In 2015, 2-4 lost to the Warriors.

In 2017, 1-4 lost to the Warriors.

In 2018, 0-4 lost to the Warriors.

Except for 2011 and 2015, the six finals defeats were all defeats, and there was no resistance at all, and all of them lost by a big score. Although such a big defeat was also found among other stars, it was very rare to be so dense.

Even in the two wins in 2013 and 2016, there were times when there were big scores. The sixth game in 2013 was a narrow escape, while the 2016 was a Jedi counterattack, but it was considered controversial.

In this regard, some people have concluded that James met a strong enemy in the finals. When he won, he could only win a little, but when he lost, he was defeated. There are the following reasons:

(1), the quality of the will is not good, and it is tough, but it will soon give up if it is found that it can’t be carried. There is no spirit of fighting to the end, and there is no courage to fight to the last soldier.

Tough, that is, when the score is tight, James can often help the team win the game, because his style of play makes the team’s offensive output stable. As long as the opponent is unstable at the critical moment, his team is likely to win.

But once James’ team can’t defend its opponent, it is easy to be defeated and give up defense.

Every star has been defeated, but James has played more games and certainly more.

(2) With the help of the referee, if he loses too much, he can’t blow it back, but a tight game can help him win.

There are too many examples, and it’s not just him who has this problem. Almost every star has it.

(3), eat the eastern dividend, you can break through by organizing a group in the weak east, but when you meet a strong enemy in the west, you will show your true colors and have no resistance.

In this regard, some people give an example to illustrate what will be the result of James’ record in the west. In 2007, James’ record can only rank sixth in the west, so the Spurs, who ranked third in the west in the first round, will be swept out. In other words, James, who can win the championship in the east, can only travel in the first round in the west. The contrast between reaching the finals and the first round tour is really too great.

The reason why James lost more and won less in the finals was because his opponents were too strong. He met Duncan and Curry in the top ten in history, as well as Nowitzki and Durant in the top twenty.

And his opponents are have no martial ethics, Duncan’s team is actually a multi-giant configuration, Parker is the first in France, Ginobili is the first in Argentina, and both teams have the strength to beat the US team, so you can imagine how strong they are! The Spurs are actually a group team, and it is normal for James to lose to them.

Not to mention the Warriors, two MVP groups, Curry and Durant, as well as the first 3D soup god in history and the sixth person, Iguodala, who is the best in history, who can stand up to the universe?

The whole house is clean, and Si Bichi calls AI to sweep the floor "monk"

With the growth of household disposable income, post-80s and post-90s gradually become the main force of household consumption. Smarter and healthier sweeping robots, glass cleaning robots, smart toilets, dishwashers and other emerging household appliances are popular. According to relevant survey data, 62.8% of the respondents indicated that they needed a sweeping robot, and thought that this product greatly saved their time and energy.

Aiming at the high noise characteristics of cleaning robots such as sweeping/dragging, Spirits has launched an intelligent sweeper solution. Equipped with Spitz ring 4 microphone array, built-in AI voice dedicated chip TH1520, combined with traditional signal processing+deep neural network noise reduction algorithm, it can effectively eliminate the self-noise and environmental noise of the sweeper, and with the full-link voice language interaction technology, the whole house is clean and barrier-free, and naturally calls the "monk" to sweep the floor.

Far-field interaction, omnidirectional pickup

With the help of big data, edge computing, artificial intelligence and sensors, the sweeping robot industry has developed at a high speed, and its functions have been continuously optimized, achieving better cleaning effect and user experience. As one of the most intelligent cleaning products, sweeping robot has won the unanimous favor of consumers. Relevant data show that by the end of November 2022, the offline retail sales of sweeping robots increased by 21.8% year-on-year.

In the home scene, far-field voice interaction has the characteristics of low signal-to-noise ratio, low signal-to-interference ratio, low signal-to-return ratio and serious multipath interference. Aiming at the problem of far-field interaction, Spitz intelligent sweeper solution is equipped with Spitz ring 4 microphone array, which can realize far-field interaction of 5 meters or more in home environment and 360 wide range pickup; The sound source location technology based on multi-dimensional strategy has a sound source location error of 5; The wake-up rate of equipment is over 95%, and the recognition rate is over 92%.

In addition, the scheme also optimizes the models of different timbres, so that the elderly and children at home can easily give instructions. No matter where the user is in the living room, bedroom or kitchen, he can interact with the sweeping robot in the far field, "start cleaning the living room", "go to the kitchen to clean" and "turn to the silent mode", so that the whole house can be cleaned easily without hands.

AI chip, faster interaction

In order to make the machine understand human speech and realize better voice control. Spitz intelligent sweeper solution has built-in AI voice chip TH1520, which supports 100+ offline instructions and makes interaction faster and more convenient. Users can start the whole house cleaning action by issuing voice commands without using mobile phones or remote controls.

TH1520, the AI voice chip, adopts the method of soft and hard integration, which makes the chip have the ability to quickly give voice interaction to various devices, and has the characteristics of strong performance, low power consumption, off-line/on-line, flexible and rapid deployment, which greatly improves the user experience and product flexibility.

The chip integrates Spitz full link intelligent dialogue technology and is modularized and packaged. In the far field and complex sound field environment, it can realize efficient identification and rapid response; The power consumption is as low as milliwatts, the power consumption of typical working scenes only needs tens of milliwatts, and the peak power consumption of extreme scenes does not exceed 100 milliwatts; With ultra-high customization ability, you can customize wake-up words and synthesized sounds, select broadcast timbre, and support voiceprint recognition and dialect recognition; Off/on-line dual-mode hybrid interaction, full-duplex interaction, nearby wake-up, multi-module collaboration, call noise reduction and other high-level natural interaction capabilities.

Intelligent noise reduction, summoning "monks" to sweep the floor

Keeping the family clean is actually a big project, especially for families with pets or babies, which is time-consuming and labor-intensive. With the development of artificial intelligence, Internet of Things and other technologies, the sweeping robot with the functions of voice control, automatic dust collection, intelligent obstacle avoidance, whole house planning and deep cleaning has become a good helper for family cleaning.

The voice interaction in the home space needs to overcome the interference of all kinds of noise. Spitz intelligent sweeper scheme, built-in Spitz customized far-field call noise reduction algorithm, makes the sweeper act as a mobile monitoring device, picks up clear voices, and can monitor abnormal sounds. Customized active noise reduction+deep learning noise reduction algorithm for high noise scenes can effectively reduce machine noise by 20db;; Customized adaptive wake-up algorithm, the false wake-up rate is less than 1 time /48 hours, and the wake-up rate is effectively doubled.

At present, Spitzer’s intelligent sweeper scheme has landed in pursuit of exclusive edition of luxury cleaning flagship X10, series of fully automatic sweeping and towing integrated robot S10 Plus, and new 10th generation sweeping and towing flagship W10s Pro. Thanks to the support of Spitz’s intelligent sweeper solution, Chasing products can effectively eliminate the self-noise and environmental noise of the sweeper, support full-scene voice commands, and realize natural human-computer interaction.

Adhering to the mission of "communicating everything and taking care of everything", Spirits relies on AI technology to empower many industry scenarios and constantly explore and optimize smart life segmentation scenarios. In the future, Spirits will continue to provide more artificial intelligence technologies and products and services combining software and hardware for the home field, create a futuristic living space and realize universal intelligent human-computer information interaction.