By 2020, the market for the charging service industry will exceed 20 billion yuan.
Editor’s note: This article is from “Future Car Daily” (WeChat public ID: auto-time), author: Zhang.
Organization | Zhang Yi
Headline
Toyota plans to increase its stake in Subaru to over 20%
Toyota plans to increase its shareholding in Subaru from the current 17% to more than 20% in order to expand the partnership and invest more effectively in new technologies. According to Subaru’s market capitalization, the move is expected to cost more than 70 billion yen (about 651 million US dollars). Subaru said it will also invest the same amount to buy less than 1% of Toyota’s shares. (Nikkei News)< /a>
Waymo valuation was cut by investment bank by 40%: autopilot commercialization time exceeded expectations
According to the NBC Financial Channel (CNBC), international financial services firm Morgan Stanley analysts believe that Waymo driverless car takes longer to anticipate commercialization, so discounted cash flow analysis Morgan Stanley downgraded Waymo’s valuation from $175 billion to $105 billion, down 40%. Morgan Stanley said that the biggest reason for lowering the valuation is that the industry as a whole is slower than expected, and the loss of carpooling will continue to increase, mainly due to the continued demand for safe drivers. (澎湃)
Features
Tesla is 100,000 units delivered in the third quarter, and is still “thousands”
Informed sources said Tesla still needs to deliver “thousands of cars” to reach the third-quarter goal, leaving only one day in the quarter. Last week, Tesla CEO Musk sent an email to employees saying Tesla will deliver a record 100,000 cars this quarter. (electrek)
BYD: The cumulative production and sales of new energy passenger vehicles exceeded 700,000 units
BYD announced on September 30 that the cumulative production and sales of BYD new energy passenger vehicles exceeded 700,000 units. According to BYD’s previously released sales report, as of July this year, BYD’s sales volume reached 259,000 units, down 1.05% year-on-year. Among them, sales of new energy vehicles were about 162,200 units, up 73.17% year-on-year. (Future Car Daily)
SAIC Volkswagen Brand and Suning Tesco signed a cooperation agreement
The SAIC Volkswagen brand signed a cooperation agreement with Suning Tesco. The two parties will integrate their respective advantageous resources and cooperate in product sales, channel marketing and brand promotion to jointly create a car e-commerce model under the smart retail era. In this cooperation, the two parties will form a channel-wide smart retail brand promotion model based on the marketing advantages of the Volkswagen brand and the online and offline marketing positions of Suning Tesco. (Blue Whale Finance)
Volkswagen CEO Herbert Diss: Hydrogen Energy Car “No Future”
According to the German “Automotive Weekly” report, Volkswagen Group CEO Herbert Diess said that hydrogen energy vehicles “have no future.” He believes that from the perspective of environmental protection, hydrogen energy vehicles will not be more environmentally friendly than pure electric vehicles. From the perspective of vehicle cost, a large amount of electricity will be wasted in the process of producing hydrogen, which will further increase the cost of consumers. From the perspective of popularization and popularization, the high cost of hydrogen energy vehicles at this stage is not conducive to popularization.