Crisis Public Relations Economics: How Public Opinion Risk Pushes Up Financing Cost

Text/Zhou Daoxu Director of Financial Security Research Center of Tsinghua University Wudaokou Finance College

Capital market is essentially an information market, and enterprise value is continuously priced in information interaction. When the crisis of public opinion occurs, the sudden change of information environment will trigger the market to re-evaluate the fundamentals of enterprises.

First, the financial transmission mechanism of public opinion shock

The surge in the cost of information verification is the primary transmission channel. When an enterprise is caught in a crisis of public opinion, the market will doubt the authenticity of its information disclosure, and investors need to invest additional resources for due diligence, including consulting financial statements, analyzing industry data, and referring to third-party audit opinions. This extra verification cost will reduce market liquidity and may lead some investors to choose to withdraw from the market because of information asymmetry. At the same time, institutional investors may adjust their investment portfolio to reduce the risk exposure related to the enterprise, thus triggering a further decline in the stock price.

In addition, the intensification of information asymmetry will lead to an increase in the market’s risk premium requirements for enterprises. When faced with information uncertainty, investors often demand higher risk compensation to make up for potential losses. The rise of this risk premium will not only be directly reflected in the decline of the company’s share price, but also affect the financing cost of the company, which will challenge its refinancing ability in the capital market. In extreme cases, enterprises may fall into a liquidity crisis due to the loss of market trust, and even go bankrupt and reorganize.

The dynamic adjustment of credit rating forms the second pressure. In the face of major public opinion crisis, rating agencies usually quickly adjust their credit ratings to reflect the latest market awareness of corporate credit status. However, the adjustment of rating agencies is often characterized by "over-revision", that is, a large downward adjustment in a short period of time to avoid their own reputation risks. This rating adjustment not only affects the debt financing cost of enterprises, but also may trigger a chain reaction in the bond market, leading to sharp fluctuations in bond prices.

The downgrade of credit rating may also trigger the "cross-default" clause in the financial market, that is, some loan or debt agreements of enterprises may stipulate that once the credit rating falls below a certain level, enterprises need to repay debts in advance or provide additional guarantees. This means that enterprises may face sudden cash flow pressure after the public opinion crisis, further aggravating the deterioration of their financial situation. This chain reaction will amplify the market’s concerns about the fundamentals of enterprises, and may even lead enterprises to enter debt restructuring or bankruptcy procedures.

Second, the empirical analysis of typical cases

In April 2020, Luckin Coffee’s self-disclosure of financial fraud caused widespread market panic, which spread to CAR Inc., which belongs to the "Shenzhou Family". Affected by the crisis of investor confidence, CAR Inc.’s share price plummeted by 17.11% on April 8th. The market’s doubts about CAR Inc. focus on the expansion model similar to that of Ruixing, the authenticity of financial data and the joint liability of the major shareholder Lu Zhengyao. At the same time, international rating agencies Standard & Poor’s and Moody’s quickly downgraded CAR Inc.’s credit rating, which further aggravated investors’ panic. This incident shows that in the capital market, the financial transparency and governance structure of enterprises are very important. Once the trust crisis breaks out, it will not only increase the cost of information verification, but also trigger a series of chain reactions such as stock price crash, financing difficulties and credit rating downgrade.

Third, the impact of public opinion risk on different financing channels

1. Bond market

In the bond market, the impact of public opinion risk on credit bonds is particularly significant. For bond investors, the credit status of enterprises is one of the key factors in their decision-making. Negative public opinion events may cause investors to worry about the solvency of enterprises, which in turn will lead to the decline of bond prices and the expansion of credit spreads. For example, after the public opinion of financial fraud or poor management of some enterprises spreads, the credit rating of their bonds may be lowered, which will not only increase the financing cost of enterprises, but also make it more difficult to issue bonds. In addition, public opinion events may also trigger a chain reaction in the bond market, affecting the performance of credit bonds in the whole industry, and even impacting the stability of the bond market.

2. Equity market

In the equity market, public opinion risk will also have a significant impact on the stock price and equity financing cost of enterprises. Investors’ confidence in the enterprise is an important support for the stock price, and negative public opinion may weaken investors’ confidence and lead to a decline in the stock price. At the same time, the cost of equity financing will also rise due to the reassessment of corporate risks by the market. For example, when an enterprise faces public opinion events such as product quality problems or management scandals, investors may demand higher rate of return to compensate for risks, which will directly lead to an increase in the cost of equity financing. In addition, public opinion events may also affect the refinancing ability of enterprises, and may even cause enterprises to lose financing opportunities in the capital market.

3. Bank credit market

Bank credit market is one of the important financing channels for enterprises, and public opinion risk will also have an impact on bank credit. When deciding whether to provide loans to enterprises, banks will comprehensively consider the credit status, operating conditions and market reputation of enterprises. Negative public opinion events may make banks doubt the credit status of enterprises, thus raising the loan interest rate, increasing the collateral requirements or shortening the loan period. For example, when a company has a major negative public opinion, the bank may reassess the loan risk of the company and adopt a more cautious credit policy. This will not only increase the financing cost of enterprises, but also limit the liquidity of enterprises and affect the normal operation of enterprises.

Fourth, the relationship between public opinion risk and corporate governance structure

1. The role of the board of directors

The board of directors of enterprises plays a key role in dealing with the risk of public opinion. An effective board of directors can find and deal with public opinion risks in time and protect the interests and reputation of enterprises. For example, the board of directors can strengthen the supervision of enterprise operation and management by establishing a sound internal supervision mechanism, and discover potential public opinion risk factors in time. In addition, the board of directors can also communicate with investors, the media and the public to convey the positive information of the enterprise and alleviate the impact of the public opinion crisis on the enterprise.

2. Responsibility of management

Management also bears an important responsibility in public opinion risk management. The management needs to report the operating conditions and potential risks of the enterprise to the board of directors in time to ensure that the board of directors can fully understand the public opinion risk of the enterprise. At the same time, the management also needs to formulate and implement effective public opinion management strategies, strengthen the management and control of internal information of enterprises, and prevent the leakage of negative information. In addition, the management also needs to maintain good communication with external stakeholders, respond to market concerns in a timely manner, and maintain the good image of the enterprise. For example, when a public opinion crisis occurs, the management can clarify the truth by releasing accurate information in time, stabilize market expectations, and reduce the impact of public opinion risks on enterprises.

3. The role of internal audit

Internal audit also plays an important role in public opinion risk management. Internal audit can find out the potential risk factors of public opinion through auditing the internal financial and operational activities of the enterprise and report to the management and the board of directors in time. For example, internal audit can audit the authenticity, completeness and accuracy of enterprise financial statements to prevent negative public opinion events such as financial fraud. At the same time, internal audit can also evaluate the effectiveness of the internal control system of enterprises, put forward suggestions for improvement, and enhance the ability of enterprises to resist the risk of public opinion. In addition, internal audit can also participate in the formulation and implementation of enterprise crisis response plans to ensure that enterprises can quickly take effective response measures when public opinion crisis occurs.

V. Interaction between public opinion risk and macroeconomic environment

1. The impact of the economic cycle

The economic cycle has an important influence on the formation and spread of public opinion risk. In the period of economic prosperity, enterprises are in good operating condition, market confidence is high, and the risk of public opinion is relatively low. However, during the economic recession, enterprises are faced with great operating pressure and are prone to various problems, such as financial difficulties and layoffs, which may lead to negative public opinion. At the same time, during the economic recession, some enterprises suffered losses or closed down due to poor management. These negative events caused public concern about the operating conditions of enterprises in the same industry through media reports and network communication, which further aggravated the public opinion risk of the remaining enterprises in the industry. In addition, the change of economic cycle will also affect investors’ risk preference and market confidence, and then affect the impact of public opinion risk on corporate financing costs.

2. The impact of the policy environment

The policy environment also has an important impact on the risk of public opinion. The government’s policy adjustment and regulatory measures may lead to the public opinion risk of enterprises. For example, the strengthening of the government’s environmental protection policy for enterprises may make some highly polluting enterprises face greater operational pressure, which may lead to negative public opinion.

3. The influence of market confidence

Market confidence plays a key role in the interaction between public opinion risk and macroeconomic environment. When the market confidence is insufficient, negative public opinion events may be amplified, which will have a greater impact on the financing cost and market performance of enterprises. For example, in the period of economic instability or market volatility, investors’ confidence in enterprises is relatively fragile, and any negative public opinion may lead to panic selling or financing difficulties. On the contrary, in the case of sufficient market confidence, even if there are some negative public opinions, investors may treat them more rationally and will not easily overreact to enterprises. Therefore, enterprises need to pay close attention to the changes of market confidence and adopt corresponding strategies in public opinion management to reduce the impact of public opinion risk on enterprises.

Sixth, the industry differences of public opinion risk

1. Public opinion sensitivity of different industries

There are significant differences in the sensitivity of different industries to public opinion risk. Some industries are more sensitive to the risk of public opinion because of their business nature and high social concern. For example, in the financial industry, food industry and medical industry, once negative public opinion appears in enterprises in these industries, it may quickly arouse public concern and doubt, which will have a significant impact on the financing cost and market performance of enterprises. Taking the financial industry as an example, the credibility of banks and financial institutions is the key to their survival and development. Any public opinion about financial fraud, poor risk management or poor management may trigger market panic, leading to a sharp drop in stock prices and a sharp rise in financing costs.

2. Transmission mechanism of industry public opinion risk

The risk transmission mechanism of public opinion in different industries is also different. In some industries that are highly dependent on market confidence and public image, such as tourism, hotels and aviation, negative public opinion may directly affect the income and cash flow of enterprises through changes in consumer behavior. For example, when there are security problems or negative public opinions in tourist destinations, consumers may choose other destinations, which will lead to a sharp drop in the income of local tourism enterprises, thus affecting their financing ability and financing cost. In some technology-intensive industries, such as science and technology and Internet industry, public opinion risk may be transmitted by affecting the technological innovation ability and market competitiveness of enterprises. For example, when technology leakage or public opinion of product quality problems occur in technology enterprises, it may lead to their disadvantage in market competition, and then affect their financing environment and financing cost.

VII. Future development trend of public opinion risk

1. The challenge of public opinion risk in the digital age

With the rapid development of digital technology, the spread speed and influence of public opinion risk will be further enhanced. The popularity of social media, network platform and mobile Internet makes information spread more rapidly and widely, and public opinion events can trigger global attention and discussion in a short time. For example, some companies’ inappropriate comments or behaviors posted on social media may quickly trigger public doubts and criticisms, which in turn will affect the financing costs and market performance of enterprises. Therefore, in the digital age, enterprises need to pay more attention to public opinion management, establish a sound public opinion monitoring and early warning mechanism, and timely discover and deal with public opinion risks.

2. The combination of artificial intelligence and public opinion management

The development of artificial intelligence technology provides new means and methods for public opinion management. Through artificial intelligence technology, enterprises can realize real-time monitoring and analysis of massive public opinion data and quickly identify potential public opinion risks. For example, using natural language processing technology, enterprises can analyze the emotion and identify the theme of text data on social media, and find the signs of negative public opinion in time. At the same time, artificial intelligence technology can also help enterprises formulate more accurate public opinion coping strategies, analyze and predict historical public opinion events through machine learning algorithms, and provide decision support for enterprises. For example, some enterprises have developed a public opinion early warning model by using artificial intelligence technology, which can predict the occurrence probability and influence degree of public opinion risk in advance, provide early warning information for enterprises, and help enterprises prepare in advance.

3. Long-term management of public opinion risk

The management of public opinion risk needs to pay attention not only to short-term crisis response, but also to long-term reputation building and risk prevention. Enterprises need to establish a good brand image and social image through continuous reputation management, and enhance public trust and recognition of enterprises. For example, enterprises can enhance their social reputation and public image by actively fulfilling their social responsibilities and strengthening communication and cooperation with stakeholders. At the same time, enterprises need to establish a sound risk management system, incorporate public opinion risk into the overall risk management framework of enterprises, and reduce the impact of public opinion risk on enterprises through institutionalized, standardized and normalized management measures. For example, enterprises can conduct public opinion risk assessment regularly, formulate public opinion management strategies and plans, and establish public opinion response teams and working mechanisms to ensure that they can respond quickly and effectively when public opinion crises occur.

In a word, public opinion risk has become one of the important factors affecting the financing cost of enterprises. Through in-depth analysis of the pricing mechanism, transmission mechanism and management strategy of public opinion risk, enterprises can better cope with public opinion crisis, reduce financing costs and enhance their market competitiveness. In the digital age, the spread speed and influence of public opinion risk will be further enhanced. Enterprises need to pay more attention to public opinion management, establish a sound public opinion early warning and response mechanism, and use new technical means such as artificial intelligence to improve the efficiency and effectiveness of public opinion management. At the same time, enterprises need to pay attention to long-term reputation building and risk prevention, and enhance their anti-risk ability and market competitiveness through continuous efforts. Future research needs to further quantify the elasticity coefficient of public opinion risk in different industries, provide more scientific theoretical support for accurate risk management of enterprises, and promote the scientific, standardized and professional development of public opinion management of enterprises.

This article is published by Tsinghua University Institute of Financial Science and Technology, a columnist of Weiyang.com, and the content belongs to the author’s personal opinion, not the website’s. It is forbidden to reprint it without permission, and offenders will be prosecuted!

Depp joins Hollow Man Global Monster Movie Universe.

Depp joined Hollow Man.

    1905 movie network news Universal Picture’s "Monster Universe" plan is moving forward in an orderly way. A few days ago, the remake of Hollow Man attracted a famous actor to join us. It is reported that Johnny Depp will definitely join the film and play the role of invisible man in the film. In the original film, the invisible man became a killer after being invisible, and there were killers in Depp’s previous screen roles, so this role is more suitable for Depp to interpret.

    The original Hollow Man, filmed in 1933, tells the story of a talented scientist who invented an invisibility reagent that can make people invisible after drinking. Although the effect of the reagent is obvious, unfortunately, the side effects make the scientist become eccentric, and gradually, he becomes an invisible killer. The film depicts the alienation of science and technology to human beings. Although it is exaggerated, the scenes of a large number of invisible people killing people in the film are still chilling. The film has been put on the screen five times. The famous David .S. Goyer once filmed a version in 2007.

The 1933 edition of Invisible Man

    As early as last year, Universal decided to build a "monster universe", hoping to copy the successful experience and bring the famous monsters in the film history such as Dracula, Frankenstein, Frankenstein’s bride, werewolf, invisible man, mummy, and Black Lake Fishman to the big screen. Judging from the progress of the current exposure, the list signed by Universal is big: Tom Cruise just confirmed to join us not long ago, and now Hollow Man has invited Depp to join us. Just from the stunt, this "monster universe" can be described as huge.

    Universal Picture’s Hollow Man will be written by ed solomon, a screenwriter, and the director candidate and release time have not been decided.

Conor McGregor joined "Veyron kill array" and made his debut.

Conor McGregor

Conor McGregor

     On August 28th, Beijing time, according to foreign media reports, Conor McGregor, a mixed martial arts athlete, joined the action thriller "Veyron kill array" and made his debut, playing an original role other than himself.

  The film, starring Jake Gyllenhaal, directed by doug liman and produced by Amazon, will be streamed online. Ji Runhall plays a former UFC fighter who works as a bodyguard in a disorganized hotel in the Florida keys, but soon discovers that everything is not what it seems in this tropical paradise.

  Billy magnussen, Daniela Melchior, Jimsola Akumello, Lucas Gage, Anthony Bagarozzi (The Tear-Resistant Detective) and Chuck Mundre are also the screenwriters, and filming will begin in the Dominican Republic later this month.

  In 1989, the original film was directed by Rowdy Herrington and starred by Patrick Swayze, kelly lynch, sam elliott and Ben Gazzara. Dalton, an outstanding and popular bodyguard, moved to a small town in Missouri to help clean up a disorderly bar, exposing the corrupt behavior of local bully businessmen in the process.

  (Meng Qing)

All BYD models are equipped with "Eye of God" intelligent driving to accelerate the popularization of intelligent driving.

On February 11th, BYD announced at the Eye of the Gods Intelligent Driving Conference that in the next 2-3 years, intelligent driving will become the standard, and all BYD models will be equipped with the "Eye of the Gods" advanced intelligent driving system, and the first batch of 21 models will be listed soon. Among them, more than 100,000 models are standard in the whole system, and most models below 100,000 are equipped. "Eye of the God" is divided into three versions, which are equipped with different brands of BYD models, and it is planned that more than ten models of it will be equipped with Hesse lidar in 2025.

The intelligent driving industry chain has developed rapidly and the hardware configuration has been significantly improved. BYD’s "Eye of God" has more than 10 cameras, and more millimeter-wave radars are used. Industrial chain enterprises such as Heertai, Yutaiwei and Kabeiyi are all involved in the supply, involving intelligent controllers, data transmission, data cables and other products. In terms of cost control, it is estimated that the price of BYD’s intelligent driving system needs to be controlled within 10,000 yuan to maintain market competitiveness, and the addition of DeepSeek technology is expected to help reduce the cost of intelligent driving solutions and promote the comprehensive popularization of intelligent driving.

With the promotion of intellectual driving and equal rights, industry competition intensifies, and price wars may heat up. Car companies need to find a balance between technology research and development and cost control, while facing challenges such as regulations, safety and ethics. CITIC Jiantou Research Report believes that 2025 will be the key node for smart driving to achieve leap-forward development. BYD’s participation is expected to accelerate the penetration rate of smart driving, and the smart driving industry chain is about to enter a golden period of development.

Seeing is believing Volkswagen DQ200 dual clutch gearbox disassembly.

  [car home Technology] powershift, in the impression of most people, is just equivalent to a swordsman with high kung fu in martial arts novels (such as seeking defeat alone? )-The evaluation we can give is: fast, fast, very fast. Moreover, this kind of transmission is direct enough and efficient enough, and it is like a master who never drags his feet … but why is it fast? Why is it efficient? What is its control principle? Is it really advanced? Want to know the answer? You don’t have to go to Baidu. car home has already opened powershift’s coat for you here-ladies and gentlemen, look for the answers you want in front of the naked transmission.

Home of the car

> > > Special note: 1. This paper only dissembles the DSG gearbox objectively, and does not comment on the phenomenon.

  2. Regarding the topic of stability and fault that users are concerned about, we will explain it for you in the following follow-up articles. There is a notice at the end of the article. Please leave a message and participate in the discussion if you have any questions or faults about the dual clutch gearbox!

  As usual, first of all, briefly introduce the protagonist of this "dedication": Volkswagen DQ200 dual-clutch gearbox-the first Volkswagen DSG gearbox made in China.

Basic information of Volkswagen DQ200 seven-speed dry dual-clutch gearbox model 0AM Maximum transmission torque 250 nm Number of forward gears/reverse gears 7 /1 weight About 70 kilograms Matching engine and vehicle type Match the 1.4TSI and 1.6L engines of Volkswagen EA111 series.
And Volkswagen EA888 series 1.8TSI engine.
It has been mounted on sagitar, Golf, Ming Rui, LaVida, Magotan, Haorui, Bora, Volkswagen CC, New Passat, New Magotan and other models.

Get familiar with DQ200 gearbox quickly? Manual gearbox? Dual clutch gearbox?

  Before we begin, we need to form an awareness of the dual-clutch gearbox in our consciousness. If you still don’t know what the gearbox is and how the basic manual gearbox works, we have prepared the following aperitif wine for you, please taste it first.

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  After understanding the structure of the manual gearbox, it is much simpler for us to understand the dual-clutch gearbox. In principle, the dual-clutch gearbox is equivalent to the combination of two manual gearboxes, one controls the odd gear, the other controls the even gear, and the reverse gear is queued according to the situation (in the DQ200 7-speed dual-clutch gearbox, the reverse gear is regarded as a group with the even gear). Then, one set can be added to the combination of these two manual gearboxes. Hong Gong, a well-known Volkswagen engineer in the media circle, used "two manual boxes and one set of automatic dialing" to vividly compare the principle of dual-clutch gearbox. The following video will help you to understand our metaphor more intuitively, and also help you to face the various parts that will be disassembled from DQ200 more calmly.

"『DQ200 gearbox principle demonstration video-in order to save your time, it is suggested thatAfter 1 minute and 12 seconds,Start watching "

  With regard to the origin and evolution history of the concept of "dual clutch", we also give it to you as an appetizer. Please click the link below to see the ups and downs of the dual clutch so far.

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● Actual disassembly of DQ200 transmission: three modules-two "powerful" and one "calculated"

  Metaphor is metaphor. When we really put DQ200 in front of you, you can’t really see a product that is directly combined with "two manual gearboxes and one controller". The previous section is only for everyone to understand the principle of dual-clutch gearbox.

Volkswagen FAW-Volkswagen Golf 2012 1.4TSI automatic luxury model

  Judging from the actual structure of the gearbox, the main number of members of DQ200 powershift is still "three" (of course not MT+MT+ controller …). These three modules have different division of labor, and two of them are only responsible for "hard work". They are dual clutch modules and gearbox parts, and all they have to do is to transmit power, commonly known as "force". The third part is the "source of wisdom" of the dual-clutch gearbox-the electromechanical control module, but in fact it is both mental and physical-it can be said that it is both a director and an actor. What are the specific tasks and characteristics of these three modules? We interpret it by disassembling it.

Dual clutch module: I have a foreign ID card!

  Let’s get to know the dual clutch module with German ID on DQ200. Since powershift took his last name, you can imagine how important this guy is.

Volkswagen FAW-Volkswagen Golf 2012 1.4TSI automatic luxury model

"The dual clutch module is provided by the Luk brand of Schaeffler, Germany."

Volkswagen FAW-Volkswagen Golf 2012 1.4TSI automatic luxury model

  The dual clutch module is simply two sets of clutches+one shell. We call the clutch near one end of the engine K1 clutch, and the clutch behind it K2 clutch. The two sets of clutches K1 and K2 have their own independent driven parts (friction plate+driven plate+shock absorber+driven hub), pressing mechanism (diaphragm spring, pressure plate) and operating mechanism (only the operating arm is mentioned here).

Volkswagen FAW-Volkswagen Golf 2012 1.4TSI automatic luxury model

Volkswagen FAW-Volkswagen Golf 2012 1.4TSI automatic luxury model

Volkswagen FAW-Volkswagen Golf 2012 1.4TSI automatic luxury model

Volkswagen FAW-Volkswagen Golf 2012 1.4TSI automatic luxury model

Volkswagen FAW-Volkswagen Golf 2012 1.4TSI automatic luxury model

  The double clutch housing, the driving disc in the middle of the housing, and the butterfly diaphragm springs and pressure plates of K1 and K2 are all "best friends" of the engine, and there is no relative rotation between them. The double clutch housing is connected with the engine flywheel and rotates synchronously with the engine, and these components are called "driving parts".

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Volkswagen FAW-Volkswagen Golf 2012 1.4TSI automatic luxury model

Volkswagen FAW-Volkswagen Golf 2012 1.4TSI automatic luxury model

  The diaphragm spring and pressure plate which rotate together with the clutch housing play an important role. Under the lever action of the control arm, the sleeve is pressed to deform the diaphragm spring, and the resulting deformation pushes (or pulls) the pressure plate to press the friction plate. At this time, the driven plate and the aforementioned driving part become a whole. With the synchronous rotation of the engine, after the power is obtained from the clutch, the driven plate relies on the internal spline to transfer the power to the input shaft, and the power from the engine enters the gearbox.

Volkswagen FAW-Volkswagen Golf 2012 1.4TSI automatic luxury model

Volkswagen FAW-Volkswagen Golf 2012 1.4TSI automatic luxury model


What you don’t know about DQ200(1)
-The working principle of the clutch is the same as that of the manual gearbox, but it works in the opposite way!

Volkswagen FAW-Volkswagen Golf 2012 1.4TSI automatic luxury model

  Speaking of butterfly diaphragm spring, I have to say that this DQ200 dry dual clutch is very interesting in control mode and principle. It is consistent with the familiar manual gearbox principle, which also relies on extrusion and friction to realize the continuous transmission of power, and also uses the lever principle to squeeze the sleeve to deform the diaphragm spring. However, the diaphragm spring works in the opposite way to the diaphragm spring in the manual transmission clutch (see the dynamic diagram above). In the single-chip clutch structure of manual transmission, when the diaphragm spring is squeezed, the clutch pressure plate will be released and the power transmission will be interrupted; In DQ200 gearbox, the function of diaphragm spring when it is squeezed is actually to press the clutch to turn on the power! To put it bluntly, the clutch of the manual gearbox is-You give an external force, it separates,The clutch of this DQ200 dual-clutch gearbox is just the opposite.You give an external force, it will engage!The "disengaging bearing" and "disengaging lever" in the traditional clutch should be renamed as "engaging" XX here. …


Gear box: double MT combined body

  After the power enters the gearbox from the input shaft, it will begin to travel between gears. The gear camp in the box is very easy to divide-like two sets of manual gearboxes-two input shafts and two output shafts, and then a set of parking locking mechanism and a differential to transmit power to the wheel axle are added. In this way, you will find that the dual-clutch gearbox is actually just a few more shafts than the traditional manual gearbox. As we have previewed before, the shifting principle of DQ200 and manual gearbox is completely consistent, and the shifting fork pushes the engaging gear sleeve to complete the combination or separation of gears (shifting gears).

Volkswagen FAW-Volkswagen Golf 2012 1.4TSI automatic luxury model

  The two input shafts are respectively connected with the K1 clutch and the K2 clutch, and the internal and external coupling mode is adopted. The first input shaft is equipped with a 1357th gear, and the second input shaft is equipped with a 246R gear. When the two clutches work alternately, the power can be connected between the odd gear and the even gear. Take a closer look at the input shaft, and you will find another interesting thing. On the first input shaft, the gears corresponding to the 1357th gear are independent, while the second input shaft corresponding to the 246R gear has only two gears. The 4th gear and the 6th gear share one input shaft gear, and the 2nd gear and the R gear (reverse gear) share one input shaft gear. Perhaps the purpose of this design is to ensure that the hollow second input shaft can have enough strength and ensure the gearbox.

Volkswagen FAW-Volkswagen Golf 2012 1.4TSI automatic luxury model

Volkswagen FAW-Volkswagen Golf 2012 1.4TSI automatic luxury model

Volkswagen FAW-Volkswagen Golf 2012 1.4TSI automatic luxury model

Volkswagen FAW-Volkswagen Golf 2012 1.4TSI automatic luxury model

Volkswagen FAW-Volkswagen Golf 2012 1.4TSI automatic luxury model

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● What you don’t know about DQ200 gearbox (2)
-What’s the difference between the "N" gear (neutral gear) of the dual clutch gearbox and the manual gearbox?

  Many netizens want to know the difference between the "N" gear of the dual clutch gearbox and the neutral gear of the manual gearbox. Take the DQ200 gearbox we disassembled as an example. Its logic in the "N" gear is indeed different from the "neutral" of our usual manual gearbox. Simply put,The "neutral" of the dual clutch gearbox is equivalent to the state that the manual gearbox is "engaged in 1st gear and engaged"., so that the speed will be faster when the power is engaged. Moreover, in the D-range mode, when the brake is stepped on for a long time, the clutch will also be automatically disconnected, and the gear engaging sleeve is still engaged with the 1st gear.

Volkswagen FAW-Volkswagen Golf 2012 1.4TSI automatic luxury model


  In addition to various shafts and gears, the gearbox body also has a part that we can’t ignore-the parking control module, that is, the "P" gear control mechanism of our vehicle. The parking gear is integrated on the third output shaft, coaxial with the reverse gear, and it is the only gear with internal splines (synchronized with the output shaft).

Volkswagen FAW-Volkswagen Golf 2012 1.4TSI automatic luxury model

Volkswagen FAW-Volkswagen Golf 2012 1.4TSI automatic luxury model

Volkswagen FAW-Volkswagen Golf 2012 1.4TSI automatic luxury model

  The parking control mechanism is the only one physically connected with the gear lever on the DQ200 gearbox (all other controls are transmitted by electrical signals). When we put the gear lever into the "P" gear, the gear lever is controlled by the cable, and the connecting ball pin is pulled to make the pawl buckle the parking gear, thus locking the output shaft and achieving the purpose of parking locking.

● Electromechanical control module, with developed "six limbs" and not simple mind.

Volkswagen FAW-Volkswagen Golf 2012 1.4TSI automatic luxury model

  The hardest part of the three is naturally the electromechanical control module, which is "both output and calculation". This way of working is simply a typical "IT migrant worker".

Volkswagen FAW-Volkswagen Golf 2012 1.4TSI automatic luxury model

  From the structural point of view, its composition is not complicated. The sensor, arithmetic/control chip, hydraulic unit and actuator are just four pieces of content, which is also a simple number. The electromechanical control module relies on these components to complete the whole process of obtaining information-judgment/decision-making-execution. Among them, the hydraulic pump and pressure storage tank composed of gear pump are the source of all power for the electromechanical control module, and if human organs are used as an analogy, this is the heart.

Volkswagen FAW-Volkswagen Golf 2012 1.4TSI automatic luxury model

Volkswagen FAW-Volkswagen Golf 2012 1.4TSI automatic luxury model

Volkswagen FAW-Volkswagen Golf 2012 1.4TSI automatic luxury model

Volkswagen FAW-Volkswagen Golf 2012 1.4TSI automatic luxury model

Volkswagen FAW-Volkswagen Golf 2012 1.4TSI automatic luxury model

  We humans move through four limbs. The electromechanical control module of DQ200 has six limbs, which control the operating arms of K1 and K2 clutches respectively, and the other four limbs are used to control the shift fork. Four independent fork control levers control five forks (six gears and reverse gears are two forks sharing a fork control lever), and it is the existence of independent control levers that makes it possible to engage adjacent gears in advance.

Volkswagen FAW-Volkswagen Golf 2012 1.4TSI automatic luxury model

Volkswagen FAW-Volkswagen Golf 2012 1.4TSI automatic luxury model

Volkswagen FAW-Volkswagen Golf 2012 1.4TSI automatic luxury model

  The "brain" that gives action instructions to limbs is provided by Continental, Germany. This brain judges the driving state of the vehicle and the driver’s intention through the engine speed sensor, the output shaft speed sensor and the operation made by the driver on the gearbox control lever, and shares a series of information on the CANBUS bus, such as vehicle speed, wheel speed, accelerator pedal position, steering angle sensor, lateral acceleration sensor and so on, and makes a response. Sensors located at the fork and clutch actuator always remind the German brain of the clutch that the gearbox is currently working and the gear that is currently combined. At the same time, according to the oil temperature sensor and oil pressure sensor in the electromechanical control module, whether the working state of the gearbox is normal or not can be monitored in time. We can imagine that this information processing ability is hopeful to challenge the popular dual-core smart phone …


● What you don’t know about DQ200 gearbox (3)
-even without a double clutch, it can be fast!

  The reason why the dual clutch gearbox is fast enough is not only because it is as simple as a "dual clutch module", but also largely due to its independent shift control lever. Do you know what "independence" means? This means that even if there is no double clutch, since DQ200 adopts the design that the interval gears share a joint sleeve (as mentioned above), the joint sleeves of adjacent gears can operate independently, and theoretically, "the joint sleeves of one gear can be disengaged while the joint sleeves of adjacent gears are engaged!" Do you know what is the core system of Lamborghini’s ISR gearbox (the gearbox with a shift time of 50 milliseconds)? In fact, it is a number of forks that can be controlled independently!

Volkswagen FAW-Volkswagen Golf 2012 1.4TSI automatic luxury model

Challenge the dual-clutch Lamborghini ISR gearbox technology analysis of car home

"The reason why Lamborghini’s ISR gearbox dares to challenge the serial gearboxes of the previous supercars.
It is also because it adopts an independently controlled shift fork.

  (This paragraph is purely for discussion, and fans are welcome to speak enthusiastically.) The effect of this independent control is more flexible than that of the mechanical multi-fork synchronous action mode relying on the "shift drum" of the sequential gearbox, especially in the case of "trip stop" (except for odd-numbered trip stop …), while the shift drum mechanism can quickly switch between adjacent gears by relying on the servo motor with quick response, but when multiple gears are shifted up or down (for example,

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● DQ200(4 you don’t know (4)
-the gearbox needs to use two kinds of oil at the same time!

Volkswagen FAW-Volkswagen Golf 2012 1.4TSI automatic luxury model

  Most automatic gearboxes and even dual-clutch gearboxes only use one kind of oil, which not only needs to realize the functions of lubrication, heat dissipation and torque transmission, but also needs to provide the hydraulic pressure required by hydraulic control components. DQ200 dual-clutch gearbox adopts independent dual-oil circuit design, and different oils are applied in the two oil circuits. In the gearbox, the gear oil of model G052171 is used, which is consistent with the gear oil used in the domestic Volkswagen MQ250 manual gearbox, while the hydraulic oil of model G004000 is used in the electromechanical control module. The two oils can better play their own functions in their independent oil circuit circulation, so that the gearbox has better low-temperature working characteristics.

Volkswagen FAW-Volkswagen Golf 2012 1.4TSI automatic luxury model

  Moreover, the total oil consumption of DQ200 is only 2.7L (1.7L of gear oil and 1L of hydraulic oil), which is nearly half of that of traditional automatic gearbox and wet dual-clutch gearbox. Needless to say, DQ200 is a maintenance-free design, even if it needs maintenance later, it has obvious advantages in cost. (It is said that the oil consumption of DQ250 wet dual clutch gearbox is more than 6L, and the total oil consumption of DQ200 is less than half.)

● DQ200(5 you don’t know (5)
-What’s the difference between DQ200 (7-speed dry dual clutch) and DQ250(6-speed wet dual clutch)?

Volkswagen FAW-Volkswagen Golf 2012 1.4TSI automatic luxury model

  I believe everyone knows the most obvious difference between DQ200 and DQ250, that is, the difference between "wet and dry" clutches. DQ250 uses a wet clutch, and the control method of the clutch is completely different. DQ200 relies on hydraulic pressure to push the control arm and presses the clutch plate by the diaphragm spring, while the clutch engagement of DQ250 is completely controlled by hydraulic pressure. DQ250 designed with a wet clutch uses a single oil, because of its large consumption. Therefore, the oil tank is designed, and it has pressure oil filter, oil cooler and oil pump driven by crankshaft power, which DQ200 does not have.

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  In addition, due to the different number of forward gears, the 7-speed DQ200 has three output shafts, the reverse gear and the parking gear alone occupy one output shaft, while the DQ250 has only two, and the parking gear of DQ250 is integrated on the differential.


Summary:

  After reading the disassembly article of DQ200, I believe everyone has a deeper understanding and cognition of this 7-speed dry dual-clutch gearbox.Personally, the dual clutch gearbox is not complicated in principle or structure, and the structure based on manual gearbox is the fundamental reason for its high transmission efficiency and low fuel consumption.The design idea of DQ200 dual oil circuit and dual oil is one of its highlights. The two independent oils have more advantages in functional adaptability, and the total oil consumption of 2.7L is also a figure worth showing off.

  Of course, all advanced and fresh technologies always need to face people’s doubts and challenges, and our users still have various questions about "dual clutch". In the next article, we will answer the hot issues of gearbox reliability, price, maintenance and so on that are concerned by the majority of riders, and present more "DQ200 dual clutch gearbox you don’t know" for you. Please pay attention to our later content! (Text/car home Fan Xintu/car home Liu Wei Liu Yuhui)

Extended reading:

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Automobile technology is difficult to understand? Car design is too far away? Who said that? These contents can also be very interesting!

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Russia has set off an unprecedented upsurge of retaining Putin, and it is suspected that there is a conspiracy.

     

    [Content at a glance]Russia’s Kommersant published an article entitled "Supporting Putin Movement to Become an All-Russian Movement" on November 9. The article said that in recent days, the All-Russian Social Movement "Supporting Putin" organization planned to hold a meeting and asked Putin to stay in office.

  


  On October 18th, in Moscow, the Russian capital, Russian President Vladimir Putin listened to people’s questions during the program. Xinhua news agency


    In recent weeks, there has been a wave of support for Putin to stay as president after 2008 throughout Russia. For a time, people gathered to beg, officials expressed their hopes, and political parties made suggestions, demanding that Putin stay in office. The Russian "News Times" article said with emotion: "Before, such a request was not unheard of, but it did not have the current scale and popularity. The number of people involved in this activity and the wide geographical area are inevitably suspicious: is this premeditated? " After the Russian presidential election next year, there have been many versions of predictions on what role Putin will continue to play in the political arena, what influence he will play, and what scope he will play. Putin himself has repeatedly made it clear that he will not seek re-election. Can Putin be retained by the wave of retention that is now higher than the wave? What is behind it, and the parties have given different interpretations.


  The number of people involved and the geographical scope are unprecedented.


    According to the Russian "Viewpoint" reported on November 11th, a youth organization in Moscow held a series of activities such as assembly and party on November 10th, and they planned to collect millions of signatures within one month to support Putin’s staying in office. Their slogan is: "Support Putin! Support a unified Russia! " Its member Arthur? Savilov said that they would try their best to find a good way for Putin to bypass the constitutional provisions. "We will do our best to make President Putin change his mind and stay in office.". When asked about the limitations of the Constitution, Savilov replied, "What is the Constitution? The constitution was formulated by the people. This constitution was adopted in 1993. Now how many years have passed and the country’s situation has undergone earth-shaking changes. "


    Russia’s Kommersant published an article entitled "Supporting Putin Movement to Become an All-Russian Movement" on November 9. The article said that in recent days, the All-Russian Social Movement "Supporting Putin" organization planned to hold a meeting and asked Putin to stay in office. On November 15, there are still some areas in Russia that are ready to hold a rally in support of Putin. It is also reported that from October 23 to 30, similar gatherings were held in major cities such as Volgograd, Grozny, Pskov, Novosibirsk and Magadan. In the Ural Federal District, within one day, three local councils passed an appeal for Putin to remain in power.


    Many Russian officials have also joined in retaining Putin. Chechen President Kadyrov said, "If Russia is to maintain its current stable development and become a world power again, Putin should continue to be the president. Since the presidents of Kazakhstan, Turkmenistan and other countries can serve for life, why not Russia? " Kadyrov made no secret of his admiration for Putin. He said, "Putin is a hero who saved Chechnya and gave the Chechen people a second life. He also saved Russia. He is a gift from God to Russia. " Mironov, chairman of the Russian Federation Council (upper house), publicly stated that "Russian President Vladimir Putin should find a way to keep him as president after the expiration of his presidency in 2008, because the Russian people want him to stay". According to the latest poll released by the Levada Polling Center, 53% of the respondents said that they "welcome or welcome" Putin for another term, up by 12 percentage points from 2005. The Russian Constitution stipulates that "the same person shall not serve as President of the Russian Federation for more than two consecutive times". According to the current constitution, Putin will officially leave the presidency in May 2008.


  Whether to stay in office involves the interests of all parties.


    Putin’s supporters stressed that under Putin’s leadership, Russia ended the chaotic situation since the disintegration of the Soviet Union, achieved rapid economic growth and restored its international prestige. They insisted that the reason why they stayed was their heartfelt love for Putin and for the future of Russia. Observers have interpreted this wave from different angles. The British "Guardian" analyzed that many political advisers of Putin were extremely worried that if the "boss (Putin)" finally left the Kremlin, they would lose power, so they tried their best to encourage the people to launch a campaign to retain Putin.


    Others believe that this move is an effort by the "United Russia" party to enhance its influence before the election of the Russian State Duma (lower house) in December. Last month, Putin made it clear that he would participate in parliamentary elections as the candidate of Russia’s largest party. There are also some opponents who criticize that Putin has once again set off a cult of personality. Opposition leader nemtsov said: "I like the saying’ Russia without Putin’, although it is unrealistic."


    Vinogradov, director of the Russian Center for Research on Political Trends, believes that the holding of "spontaneous" gatherings and the appearance of local council petitions do have traces of meticulous organization. He said: "This is to strengthen Putin’s position after the election of the Russian State Duma (lower house). But at present, it seems unlikely to continue for the third term. " Konovalov, director of the Russian Institute for Strategic Evaluation, said: "This should be regarded as the pressure of Russian bureaucratic groups on Putin. I am convinced that Putin actually wants to leave. Indeed, he was confused about his future plans, first talking about the post of prime minister, and then withdrawing his remarks. He has no definite plan yet. The pressure on Putin will continue in the future, because whether he stays in office involves the personal interests of many political elites. " Ding Peihua, director of the Eurasian Development Office of the Eurasian Institute of Shanghai Academy of Social Sciences, said in an interview with the Global Times that Putin has always had a high popularity among the Russian people, and the recent wave of people retaining Putin is only one of the manifestations. He believes that it is inevitable for the Russian people to support Putin. The support of the masses for Putin should still be within a reasonable range.


  Putin will become the spiritual leader of Russia?


    The Star newspaper in Toronto, Canada, reported on November 12th that the whole country in Russia is now more concerned about how to let Putin stay, but so far, Putin has only said a few words about whether to stay or not, which also makes Putin’s whereabouts after 2008 become a suspense of the whole world. On October 26th, when Putin attended the Russia-EU summit in Portugal, he said that he would not amend the constitution for the sake of three presidents and would not weaken the power of the president, and denied that he might become the prime minister after leaving office.


    Russia’s new network published an article entitled "Putin will become the spiritual leader of Russia" on November 9, and made an in-depth analysis of Putin’s whereabouts. The article said, "Putin has been re-elected as president for two times, and it is very difficult to surpass himself. To be re-elected as the third president in violation of the constitution is to openly regard the constitution as a dummy, which is contrary to Putin’s political philosophy; It is Putin’s fault to advance the presidential election or to be the first prime minister and then the president. Being the prime minister, overhead the president, and replacing the presidential system with the government-parliament power structure is actually a disguised coup, and Putin’s painstaking plan of governing the country will be destroyed, so the above plan should not be considered by Putin. " The article analyzes that if you want to know where Putin will go after leaving office, you must first know what Putin wants to do. Now it can be clearly said that Putin’s minimum program is to ensure the continuity of current policies, that is, to ensure the long-term implementation, implementation and implementation of Putin’s concept of governing the country; The highest program is to realize the comprehensive rejuvenation of Russia.


    The article believes that with Putin’s consistent style, he will not seek the highest administrative power again (even if he has this idea, he must abide by the Constitution and go out again after 2012). He wants to be the de facto spiritual leader of Russia. In this way, firstly, Putin’s existence itself is a constraint on "secular" administrative and legislative power, because "Putin’s concept of governing the country" is the ruling basis of his successors; Second, Putin will have the absolute right to interpret this concept of governing the country.


    Putin’s latest statement seems to prove once again his idea of not seeking re-election, but ensuring influence. According to Agence France-Presse, Putin said on November 13 that if the "United Russia" party wins the election on December 2, it will have a moral reason to continue to maintain its influence on this country. The report quoted Putin as saying: "If people vote for the’ United Russia’ party, it means that they trust me, then I will also have the moral right and have the responsibility to push the Duma and the cabinet to complete our established tasks." The report mentioned that Putin repeatedly hinted that he would continue to retain an important role in politics, but he refused to explain how to retain a role. Putin said: "So far, I won’t give a clear answer, but all kinds of possibilities exist."


  Is the next president strong or weak?


    Since Putin will not stay in office, who will take Putin’s class has become the most concerned topic for Russians. In the first half of this year, there was a rumor in Russia that Putin would appoint a new prime minister this autumn, and this new prime minister would definitely be Putin’s "successor". However, when people found that the new prime minister turned out to be the previously unknown Zubcov, rather than Ivanov or Medvedev, as public opinion had always suspected, they were at a loss again. On November 6th, a poll conducted by the Russian Social Research Center showed that more than half of Russians thought that Putin had decided who would succeed him, and 32% of the respondents thought that Zubcov was the most likely to succeed him as president. However, the answer to this world-wide riddle has not yet been revealed, and various speculations are still going on.


    Some analysts believe that with the approach of the Russian State Duma and presidential elections, Putin has indeed begun to lay out plans for 2008, and the "multi-power center" is likely to be the new power structure left by Putin for Russia. In other words, the future president of Russia may not be as strong as Putin, but will be replaced by a "team." This "team" will achieve the stability of the "multi-power center" through checks and balances among the president, the prime minister, the upper house and the lower house, so as to maintain the stability of the "Putin line."


    In response, Medvedev, the first deputy prime minister of the Russian government, said in a meeting with students from Kazan State University on November 12 that "only when the president has great power can a country like Russia stand among the nations of the world". According to media analysis, Medvedev’s words may mean that the next president will still be a strong president. The political situation in Russia is always so unpredictable. Russian poet Chutchev once described Russia like this: "Russia cannot be understood by reason, nor can it be measured by general standards. There are special things in it." Nevertheless, it is generally believed that no matter how the political situation in Russia changes, the "Putin Line" has become an established national policy for Russia’s future development. (Special correspondent in Russia Guan Qingyuan Special correspondent Yang Jiao Liu Yupeng Reporter Wang Liangliang)

Editor: Li Xiuwei

Roewe D7 will be listed, medium and large cars, pure electric hybrid optional, low price or innovation.

With the increasingly fierce competition in the automobile market, there is a cruel elimination match between automobile enterprises, some of which have been forced to withdraw from the stage, while others are being pushed out of sight by the "big waves".

For example, Roewe, a brand that was once popular in the market with its star model RX5. In 2018, with the help of Roewe RX5, Roewe went to the "highlight" moment with a performance of over 470,000 vehicles.

However, with the rise of new forces and the efforts of various traditional car companies in technology and new products, the labels and selling points of Roewe RX5 are no longer competitive. Since 2021, the sales volume of Roewe RX5 has entered a state of sharp decline. In 2022, the sales volume continued to decline, with a direct drop to "freezing point" in April, with a monthly sales volume of only 1,990 vehicles.

The sales volume of Roewe RX5 has shrunk, which directly affects the overall performance of the brand. In 2021, the sales volume of Roewe was only 348,400, and in 2022 it dropped to 260,000. You know, in 2017, the sales volume of Roewe RX5 alone was 237,000, which shows how much it was affected.

To sum up the decline of Roewe, it is precisely because it relies too much on the sales support of Roewe RX5, and the brand performance is in trouble because the number of vehicles is too single. The decline in sales of Roewe RX5 is due to the "short board" of product strength, which has no advantage compared with the current new energy vehicles and the market competitiveness is greatly reduced.

Fortunately, in the face of successive declines, Roewe also took out its own attitude step by step, stepped up the push of new cars, and strived to catch up.

The latest news shows that Roewe will launch a new car, Roewe D7, this month. The new car is aimed at medium and large cars, and it will launch a DMH hybrid version and an EV electric version respectively. At the same time, the new car will integrate scientific and technological equipment such as Yunsu cockpit and zebra intelligent driving machine system.

From the appearance, the front face of the new car adopts a brand-new inductive design language, which is different from the design of the existing Roewe series products and is more recognizable as a whole. Specifically, Roewe D7 EV and DMH adopt different shapes, and D7 EV adopts the design of closed front face and split headlights. The D7 DMH adopts integrated headlights, and the front air intake grille adopts the extension design elements of left-right expansion and up-and-down support, which makes the vehicle’s vision more spacious.

From the side of the car body, this car is equipped with hidden door handles and 18-inch wheels with low wind resistance, which is more scientific and technological as a whole. In terms of the rear end, the tail shape is round and generous, full and full of tension.

The taillights are slender in shape, with the duckling tail design with the edge of the trunk slightly upturned, which is full of movement. In terms of body size, the length, width and height of the new car are 4890/1872/1510mm and the wheelbase is 2810mm respectively.

In terms of interiors, the two cars are consistent, equipped with an integrated large screen and made of a lot of suede. It is worth mentioning that the seat is decorated with diamond-shaped elements, which increases the sense of advanced vehicle.

In terms of power, Roewe D7 pure electric version was born in SAIC Nebula pure electric platform, which will provide two new Rubik’s cube batteries, corresponding to CLTC comprehensive cruising range of 510km and 610km respectively. In terms of power, the new car will be a VGA six-in-one motor and a permanent magnet synchronous motor with a maximum power of 155kW.

The DMH hybrid version is equipped with a hybrid engine with a thermal efficiency greater than 43% and a fuel consumption of 4.3L/100km. Under CLTC condition, its pure electric cruising range is 125km and its comprehensive cruising range is 1400km.

Write it at the end

As a medium-sized and large-sized car, Roewe D7 combines advanced technology design and diverse power options, which is very in line with the current mainstream. After the new car goes on the market, it will compete with BYD Seal and Deep Blue SL03. It is said that the price will start from 130,000, which is still attractive to consumers.

Rene Liu sang Andy Lau’s new movie Wang Baoqiang forwarded that she remembered 16 years ago.

The ending song "Crowd" of the movie "Crowd" MV

The ending song "Crowd" of the movie "Crowd" MV

Wang Baoqiang and Rene Liu.

Wang Baoqiang and Rene Liu.

On December 31st, Rene Liu shared the MV of the ending song "Crowd" that he sang for the movie "Crowd" in Weibo, saying: "I can sing the ending song of" Crowd "more because I know Hua Ge, and Andy Lau starred in this movie. In the crowd, we once met and missed each other. After each meeting, we will go in different directions, may meet again, may walk on different roads, and miss each other far away. Who will you meet on the last day of 2020? What do you miss? How would you sing this song in Crowd? "

Later, Wang Baoqiang forwarded this Weibo and said, "After listening to this song, I remembered the days 16 years ago, and I will always remember the companionship and encouragement my sister and Brother Hua gave me. Thank you for meeting you’. " It is reported that Wang Baoqiang met Rene Liu and Andy Lau in 2004 for filming world without thieves, in which Andy Lau played Wang Bo, Rene Liu played Wang Li and Wang Baoqiang played Silly Root. Fan comments: "Thanks for meeting, Brother Bao keeps going", "Stupid root at that time, come on".

Rational analysis, the more hopeless.

Unlike the last entrepreneurial project in mobike, Xia Yiping failed to get a decent ending in the extreme.

The "in-situ dissolution" of Extreme Yue may have brought the biggest traffic to the brand since its establishment, and the incident is still continuing to ferment.On December 16th, Xia Yiping, CEO of Jiyue, published a long article in the circle of friends, clarifying the rumor of "running away" and reflecting on all the mistakes made in the process of starting a business. "Wrong, it’s all my fault".

picture

Extremely more recent can cause such great concern, which has a lot to do with the sudden dissolution.Prior to this, Weimar, Gaohe and other closed new car companies had never been dissolved so quickly.

There are different opinions about the whole incident. Beyond the complicated information, the next question that the outside world cares about is, is there a future in the extreme?

Dissolution in situ is a "forced palace" Baidu?

Simply put,The reason why I can’t support it is that I have no money.And Baidu, the dominant shareholder, does not intend to continue investing.

It has been reported that Jiyue owes several billion yuan to Geely and Baidu for OEM fees and smart driving programs. In addition, many suppliers have issued open letters to Extremely Vietnam asking for arrears.

"Financing should have been my most important duty, but I was too optimistic in the early days and did not foresee the seriousness of the funding problem." Xia Yiping pointed out in a long article.

However, from another perspective, Baidu and Geely, as major shareholders, should have blood transfusions when they are in extreme difficulties. So,Whether Xia Yiping’s description of financing is a reflection or a "connotation" of major shareholders can be interpreted in many ways.

From 2021, Baidu officially announced the construction of a car, and now it has ended hastily. There seems to be a trace of the extreme failure, which itself is a twist.

As the dominant party, Baidu did not take a firm attitude in building a car. Li Yanhong himself did not intend to personally lead the team to build a car, which is very different from Lei Jun and Li Bin. For such a complicated car-making project, the person in charge of the enterprise personally leads the team and still has a high probability of failure, let alone being a "hands-on shopkeeper".

Geely, another shareholder, is more like a foundry. At present, it is catching up with Geely’s strategic contraction, and naturally it will not make a big deal on the new round of financing. Geely has many brands in its own layout, and it seems that it will not have enough time to worry about this "illegitimate child".

Xia Yiping, the helm of Chaoyue, is more like a professional manager than an entrepreneur. Although Xia Yiping pointed out in his long article that he invested "the savings accumulated in his last venture" in Vietnam, he regarded himself as "a real entrepreneur." But in any case, he is more like the deputy of the shopkeeper Li Yanhong. Xia Yiping is naturally to blame for the financial crisis in Vietnam, but he also has a passive place.

Therefore, regarding the abnormal operation of "dissolving in place", there are also interpretations that this is a "forced palace" for Baidu. When a mass incident such as "extreme employees ask for salary" and "car main statement" broke out, Baidu had to come forward to take out funds to solve the problem.

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Fortunately, some issues that employees and car owners are concerned about finally got an official response. On December 13, Baidu Holdings and Geely Holding issued a joint statement, which will cover the dissolution of the company and solve the problems including the disposal of employees and the after-sales of vehicles. According to the public information released by Yang Xueliang, senior vice president of Geely Holding Group, Geely is responsible for the after-sales service of vehicles.

Is there a future for Ji Yue?

After the crisis in Vietnam, outsiders have given up much hope for the future of this brand.However, there are still some entrants, such as the staff and the owner of the company, who still have a little "fantasy" about the prospect of the company.

picture

Can Ji Yue still hold on? We can find some answers from the joint statement of Baidu and Geely and Xia Yiping’s long article.

Judging from the statements issued by Baidu and Geely Holding, it is already an attitude of "taking care of the aftermath", and the focus has been put down on dealing with matters such as employee social security payment, the aftermath of resigned employees, and after-sales maintenance of vehicles. For financing and other important measures to support the development of enterprises, the two major shareholders did not mention a word.

As for Xia Yiping’s long article, there is no substance except reflection. "I have learned a lot of lessons that will be used in the future development of the company or other entrepreneurial growth in the next step." He pointed out in a long article. Considering that Xia Yiping has made many mistakes in the development of the company, if there is a bright future, it is highly probable that it has nothing to do with him. So,The "future development of the company" mentioned in the long article is false, and "other entrepreneurial growth" is true.

Is there a way out for the enterprises that the major shareholders and the top management have given up? The answer is self-evident.

In this regard, Yang Yueqing, the project director of Gaohe Engineering, who is a "experienced person", has previously released a video to give suggestions to the employees: you can leave early and don’t have illusions.

Then, from the perspective of other external investors, is Extreme Yue a good target?

First of all, Extreme Yue is not a strong brand in the market. At present, Extreme Vietnam has launched two models, 07. The product itself has some remarkable advantages, such as product quality and design, but the design without door handle and half steering wheel has also caused a lot of complaints. The market performance of the two cars is not good, which basically belongs to the existence of small and transparent rims.

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In addition, the receiver has to face a thorny problem:If Geely is no longer OEM, the problem of the qualification of making a car in Extreme Vietnam needs to be solved.Previously, the ultra-Vietnam has experienced the replacement from "concentration" to "ultra-Vietnam" in order to avoid the qualification problem. This adjustment has also wasted a lot of publicity resources. If new investors are introduced, the brand name of "Jiyue" registered by Geely may have to undergo another replacement.

From the perspective of the big environment, the car has also been at the end of the tuyere. In March 2021, Xiaomi, who officially announced the car, was called the last entrant in the industry. If investors want to take over at this time, they really need two brushes.

Write at the end:

In this round of crisis, employees and car owners may be the most injured groups. Many people were still working overtime the day before, or celebrating the new car. The next day, the company suddenly dissolved.

Judging from the current situation, Ji Yue is not the first new force car company to explode mines, and it will not be the last one.With such a "lesson from the past", I only hope that consumers and "workers" can do less harm in similar incidents in the future.

Proposal No.2401st of the Fourth Session of the 12th Chinese People’s Political Consultative Conference.

Title: Proposal on Accelerating the Improvement of Terminal Service System in Urban and Rural Express Industry
First sponsor: Sun Buxin, Yan Jun, Xu Jin, Sun Yunfeng.
Organizers: Post Office (main), Ministry of Agriculture (meeting), Ministry of Public Security (meeting) and Ministry of Housing and Urban-Rural Development (meeting).
Form of proposal: individual joint name
Content:
    Express delivery industry is an important part of modern service industry, and it is a modern leading industry that promotes the transformation of circulation mode and the upgrading of consumption. Express delivery industry is the fastest growing emerging service industry in recent years.
    According to relevant statistics, in 2007, China’s annual express delivery volume was more than 1.2 billion pieces, in 2014 it was 14 billion pieces, and by 2015 it had exceeded 20 billion pieces. During the "Twelfth Five-Year Plan" period, the average annual growth rate basically exceeded 50%, and the development was very rapid. According to the goal of "Several Opinions of the State Council on Promoting the Development of Express Industry" issued by the State Council on October 23, 2015, by 2020, the annual business volume of express delivery will reach 50 billion pieces and the annual business income will reach 800 billion yuan.
    The development of express delivery industry has reduced the circulation cost, not only promoted the development of e-commerce, provided convenience for people’s lives, but also promoted the development of modern agriculture, advanced manufacturing, financial industry and other industries. It can be said that the express delivery industry is a new achievement of internet plus’s new economic format, and it is an indispensable part of building a city life service circle, serving people’s livelihood and serving economic development.
    First, the status quo and problems of express terminal service
    Taking the city as an example, institutions and schools are concentrated, and large-scale residential areas, commercial areas and comprehensive office areas of enterprises and institutions are constantly emerging. The demand for express delivery services for unit users and individual users is large, demanding and personalized. The current delivery service mode does not match the property management pattern, causing a series of conflicts.
    1, the contradiction between service demand and service capacity building lag.
    In schools, communities, institutions and other units in the city, the problems of express terminal service are mainly manifested in: based on the security considerations of property (or logistics) management, there are access restrictions on express employees; The unit mailroom refuses express mail; There are no public facilities to accept express mail.
    Lagging infrastructure construction, lack of public service platform construction, setting up stalls at delivery terminals, and road sorting have become the key points to be urgently studied and solved in express delivery development and urban construction.
    2. Express service in remote villages needs government support.
    Due to the scattered population in rural areas and the different characteristics of economic development in different regions, the development of express delivery business is unbalanced and the demand is relatively scattered, and the cost of collecting and delivering express delivery enterprises is relatively high. In order to guarantee the service standard and gain a firm foothold in the rural market, the express delivery enterprises basically adopt the way of self-building and co-building service outlets, and subsidize the delivery of parts to rural outlets. From provincial and municipal distribution centers to rural counties, it is basically necessary to ensure 1-2 express buses every day. Express delivery to remote towns and villages adopts common distribution, entrusted collection and delivery by EMS.
    With the development of e-commerce, the demand for online shopping in rural areas has increased sharply, but it has not yet formed a two-way convection of products going to cities and countryside. For example, there are many old and weak people in the western region, and consumption is the main thing. The existing express service facilities and service system of enterprises can not meet the needs of users, so the government needs to cultivate the market and give some support to promote development.
    3. Express service is facing a big bottleneck in urban areas.
    People working and living in urban areas are dense. The closer to the city center, the more concentrated the demand for express delivery, and the area under the jurisdiction of the unit needs more express delivery services. Faced with the pressure of traffic and the severe challenge of strong demand for express delivery service every day, express delivery and terminal delivery have become important factors affecting service level and quality in recent years.
    Second, suggestions
    Express terminal service is an important part of express service, and it is an important embodiment of industry development benefiting people and serving people’s livelihood. We should give full play to the enthusiasm and initiative of relevant government departments, trade associations, enterprises and other parties, establish a working pattern of government-led, association-guided, enterprise-led and public-supported, implement "Several Opinions of the State Council on Promoting the Development of Express Industry", and study and introduce targeted support measures to promote the healthy and sustainable development of express industry.
    1. Improve the legal planning system. The national "Express Regulations" will be promulgated this year, and all provinces should speed up the promulgation of the implementation opinions of the "Express Regulations" in this province; Incorporate the development of express delivery industry into the national economic and social development plan, rationally arrange the layout and construction of express delivery processing centers, convenience service outlets and other infrastructure in urban and rural planning, land use planning and public service facilities planning, and incorporate the supporting construction of express logistics common distribution stations and intelligent express (parcel) boxes into the urban community development plan.
    2. Promote the construction of the terminal public service platform system for urban and rural express delivery. Business, rural areas, education, social construction, housing construction and other departments, together with postal administration departments, seriously study and give priority support to the inclusion of express service industry in the priority development industries related to people’s livelihood in the region, incorporate express terminal delivery service into the urban distribution system, support the construction of public service facilities such as logistics (express delivery) distribution stations and intelligent express boxes, and encourage community properties, village-level information service stations (points) and convenience stores to provide express delivery services. Support the extension of express delivery service network to rural areas, support express delivery enterprises or third-party services to focus on entering campus, communities, buildings, institutions and villages, and improve the last mile delivery service of express delivery with common distribution and intelligent express boxes as the main modes. All government departments should strengthen coordination and give special funds and policy support.
    3. To promote the standardization and professional development of urban express delivery vehicles, the national standard for express tricycles should be formulated as soon as possible. Traffic management departments should formulate and implement measures for the management of urban express vehicles, express electric tricycles and other vehicles, rationally plan the route of express delivery vehicles and the loading and unloading locations of express mail, strengthen the demand management of urban distribution capacity, and ensure the convenient passage of express delivery vehicles; Encourage the use of clean energy vehicles to carry out express delivery business, and support the construction of facilities such as charging and refueling.
    
Source: China Political Consultative Conference Network