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2017 Passenger Vehicles Actual and Reported Fuel Consumption: a Gap Analysis
2017 Passenger Vehicles Actual and Reported Fuel Consumption: A Gap Analysis Innovation Center for Energy and Transportation December 2017 1 Acknowledgements We wish to thank the Energy Foundation for providing us with the financial support required for the execution of this report and subsequent research work. We would also like to express our sincere thanks for the valuable advice and recommendations provided by distinguished industry experts and colleagues—Jin Yuefu, Li Mengliang, Guo Qianli,. Meng Qingkuo, Ma Dong, Yang Zifei, Xin Yan and Gong Huiming. Authors Lanzhi Qin, Maya Ben Dror, Hongbo Sun, Liping Kang, Feng An Disclosure The report does not represent the views of its funders nor supporters. The Innovation Center for Energy and Transportation (iCET) Beijing Fortune Plaza Tower A Suite 27H No.7 DongSanHuan Middle Rd., Chaoyang District, Beijing 10020 Phone: 0086.10.6585.7324 Email: [email protected] Website: www.icet.org.cn 2 Glossary of Terms LDV Light Duty Vehicles; Vehicles of M1, M2 and N1 category not exceeding 3,500kg curb-weight. Category M1 Vehicles designed and constructed for the carriage of passengers comprising no more than eight seats in addition to the driver's seat. Category M2 Vehicles designed and constructed for the carriage of passengers, comprising more than eight seats in addition to the driver's seat, and having a maximum mass not exceeding 5 tons. Category N1 Vehicles designed and constructed for the carriage of goods and having a maximum mass not exceeding 3.5 tons. Real-world FC FC values calculated based on BearOil app user data input. -
2333 a Share Stock Code: 601633
(a joint stock company incorporated in the People's Republic of China with limited liability) H Share Stock Code: 2333 A Share Stock Code: 601633 * For identification purpose only IMPORTANT NOTICE I. The Board, the Supervisory Committee and the directors, supervisors and senior management of the Company warrant that the contents of this annual report are true, accurate and complete and do not contain any false representations, misleading statements or material omissions, and jointly and severally take legal liability for its contents. II. All the directors of the Company attended the Board meeting. III. Deloitte Touche Tohmatsu Certified Public Accountants LLP has issued the standard audited report for the Company without qualified opinion. The financial information in the annual report was prepared in accordance with China Accounting Standards for Business Enterprises and the relevant laws and regulations. IV. Wei Jian Jun, person-in-charge of the Company, Li Hong Shuan, person-in-charge of the accounting affairs and Lu Cai Juan, person-in-charge of the accounting department (head of the accounting department), declare that they warrant the truthfulness, accuracy and completeness of the financial report in this annual report. V. Proposal of profit distribution or capitalization of capital reserve during the Reporting Period reviewed by the Board As audited by Deloitte Touche Tohmatsu Certified Public Accountants LLP, the net profit of the Group and net profit attributable to shareholders of the Company in 2020 amounted to RMB5,362,490,194.32 and RMB5,362,490,194.32 respectively. The Company has implemented the profit plan for the first three quarters of 2020, pursuant to which it distributed a cash dividend of RMB0.28 (tax inclusive) per share to all shareholders, with a total cash dividend of RMB2,569,266,924.00 (tax inclusive) distributed. -
新周期新市场,开启新征途 投资评级 增持-A ■新平台新市场,Suv 量价齐升。国内乘用车市场迎来换购周期,首购比例将 维持评级 持续下降,竞争加剧致尾部自主不断出清,头部自主集中度提高,消费升级有 望带动中高端 Suv 快速扩容。面对龙头自主的竞争和合资下探的威胁,公司坚 6 个月目标价: 10.00 元
Table_BaseI nfo Table_Title 2020 年 07 月 07 日 公司深度分析 长城汽车(601633.SH) 证券研究报告 乘用车 新周期新市场,开启新征途 投资评级 增持-A ■新平台新市场,SUV 量价齐升。国内乘用车市场迎来换购周期,首购比例将 维持评级 持续下降,竞争加剧致尾部自主不断出清,头部自主集中度提高,消费升级有 望带动中高端 SUV 快速扩容。面对龙头自主的竞争和合资下探的威胁,公司坚 6 个月目标价: 10.00 元 持研发“过度投入”,不断突破发动机和变速箱的技术瓶颈,提前布局电动化全 股价( ) 元 2020-07-06 8.95 产业链,加快实现智能网联功能升级。随着哈弗和 WEY 系列换代产品的密集上 Table_M ar ketInfo 交易数据 市,预测公司 2020 年国内总销量可达 81.3 万辆。此外,公司长期坚持全球化战 总市值(百万元) 82,130.32 略布局海外市场,随着未来新平台高性价比的产品向俄罗斯和印度导入,将进 流通市值(百万元) 53,948.17 一步满足当地 SUV 的需求,预测长城 2020 年全球总销量可达 86 万辆,2022 年 总股本(百万股) 9,176.57 突破 127 万辆,CAGR 为 14.4%。目前长城单车利润低于吉利,未来公司将从整 流通股本(百万股) 6,027.73 体销量结构、平台通用化水平和供应链三个方面进行降本增效,有望实现量价 12 个月价格区间 7.50/9.88 元 齐升,在存量博弈中赢得胜利。 Tabl e_Chart 股价表现 ■政策松绑,皮卡崛起势不可挡。受制于中国皮卡政策的桎梏、中外汽车文化 和生活方式的差异以及皮卡优质供给的缺乏,中国皮卡市场发展缓慢。自 2016 长城汽车 乘用车 上证指数 年中国首次提出“皮卡解禁试点”以来,皮卡解禁政策层出,皮卡的商乘两用 12% 8% 属性加速释放,乘用化、高端化和电动化趋势确定。考虑到皮卡对于微卡、微 4% 面的替代需求空间和乘用化需求,中性预计我国皮卡车市场每年增速可达 17.5% 0% -4%2019-07 2019-11 2020-03 左右,五年后的市场空间可达 121 万辆。我国皮卡市场集中度高,长城汽车一 -8% -12% 枝独秀,两极分化明显,长城皮卡综合实力最强,市场份额有望进一步提升。 -16% 在皮卡消费升级趋势下,随着皮卡向乘用化、高端化、电动化转型,主流皮卡 的价位将逐渐由 8-12 万元向 12-16 万元靠拢,单车售价的走高和销量的增长将 资料来源:Wind 资讯 有望带动单车盈利持续走高,我们预测皮卡的单车盈利将由目前的 0.72 万元提 升幅% 1M 3M 12M 升至 2023 年的 1.08 万元。 相对收益 -0.74 -7.33 -10.02 绝对收益 12.98 13.26 0.67 ■投资建议:国内乘用车行业进入换购周期,电动化智能化高端化叠加新品周 期,公司有望实现首换购两端开花,全球化战略布局扩容海外市场,皮卡解禁 袁伟 分析师 利好政策下,皮卡乘用化高端化电动化趋势释放增量。我们预计公司 2020 年 SAC 执业证书编号:S1450518100002 -2022 年的收入分别为 962.48、1104.65、1215.74 亿元,收入增速分别为 0.04%、 [email protected] 021-35082038 14.77%、10.06%,归母净利润分别为 40.13、50.91、55.58 亿元,维持增持-A 徐慧雄 分析师 的投资评级,受益于今年下半年新平台新产品的推出和皮卡炮的持续热销,我 SAC 执业证书编号:S1450520040002 -
Poland Regional Cities-Comfort-Vehicle-List
Make Model Year Oldsmobile 19 Oldsmobile Alero Oldsmobile Aurora Oldsmobile Bravada Oldsmobile Cutlass Supreme Oldsmobile Intrigue Oldsmobile Silhouette Dodge Attitude Dodge Avenger 2013 Dodge Caliber Dodge Caravan 2015 Dodge Challenger Dodge Charger 2013 Dodge Dakota Dodge Dart 2015 Dodge Durango 2013 Dodge Grand Caravan 2015 Dodge Intrepid Dodge JCUV Dodge Journey 2013 Dodge Magnum 2013 Dodge Neon 2015 Dodge Nitro 2013 Dodge Ram 1500 Dodge Ram 2500 Dodge Ram 3500 Dodge Ram 4500 Dodge Ram 700 Dodge Ram Van 2015 Dodge Sprinter Dodge Stratus 2015 Dodge Stretch Limo Dodge Viper Dodge Vision Dodge i10 Land Rover Defender 2013 Land Rover Discovery 2013 Land Rover Freelander 2013 Land Rover Freelander 2 Land Rover LR2 Land Rover LR3 Land Rover LR4 Land Rover Range Rover 2013 Land Rover Range Rover Evoque 2013 Land Rover Range Rover Sport 2013 Land Rover Range Rover Velar 2013 Land Rover Range Rover Vogue 2013 Chevrolet Agile Chevrolet Astra 2015 Chevrolet Astro Chevrolet Avalanche 2013 Chevrolet Aveo Chevrolet Aveo5 Chevrolet Beat Chevrolet Blazer Chevrolet Bolt Chevrolet CMV Chevrolet Camaro Chevrolet Caprice Chevrolet Captiva 2013 Chevrolet Cavalier Chevrolet Celta Chevrolet Chevy Chevrolet City Express Chevrolet Classic Chevrolet Cobalt 2015 Chevrolet Colorado Chevrolet Corsa Chevrolet Corsa Sedan Chevrolet Corsa Wagon Chevrolet Corvette Chevrolet Corvette ZR1 Chevrolet Cruze 2015 Chevrolet Cruze Sport6 Chevrolet Dmax Chevrolet Enjoy Chevrolet Epica 2013 Chevrolet Equinox 2013 Chevrolet Esteem Chevrolet Evanda 2013 Chevrolet Exclusive Chevrolet -
Gscan Software Release Highlights
cs~~rr- · rw ---- ------- -------- GScan SoŌware Release Highlights G-scan Software Release January 2019 Update TOYOTA/LEXUS ................................................................. 2 OPEL / GM BRAZIL ............................................................ 2 NISSAN/INFINITI ................................................................. 2 HOLDEN ......................................................................... 2 HONDA /ACURA ................................................................. 2 CHERY ..................................................................................... 2 MITSUBISHI .......................................................................... 2 DAEHAN .................................................................................. 2 MAZDA .................................................................................... 2 SSANGYONG........................................................................ 2 SUZUKI/MARUTI ................................................................. 2 MVM .......................................................................................... 2 SUBARU ................................................................................. 2 LIFAN ........................................................................................ 2 ISUZU ....................................................................................... 2 LDV ............................................................................................ 2 FUSO ....................................................................................... -
Haval-H6-2019-AU.Pdf
Who is HAVAL Built for the world by the world Powerful 145kW turbo-charged 2.0-litre direct injection engine Although new in Australia and New Zealand, HAVAL is one of the world’s largest specialist SUV companies. With over 5 million owners, HAVAL is the No.1 SUV brand in the world’s largest auto market – China, and has been for the last 16 years. HAVAL research and development centre Our philosophy is simple – employ the best people, use the best technology and suppliers in the world and utilise high precision robots for consistent quality. No wonder HAVAL SUVs are recognised for their style, features, build quality and deep lustrous paintwork. Getrag 6DCT (Dual clutch transmission) When you invest in a HAVAL, you can be confident that it’s been designed with care, built with pride and engineered to last. We look forward to welcoming you to the HAVAL family. HAVAL concept vehicle Sport mode Power to excite The HAVAL H6 matches the performance of a powerful turbo-charged 2.0-litre direct injection engine with a Getrag six-speed dual clutch transmission (DCT). The DCT combines all the advantages of manual and automatic transmissions to deliver fast, smooth gear changes with maximum efficiency. When the mood takes you, select Paddle shifters Compact SUV Sporty mid-sized SUV Ultimate 7-seater family adventure 4WD sport mode and use the paddle shifters to give you even more control and fun. European-inspired driving dynamics With European engineering inspiration it’s no surprise the HAVAL H6 drives and handles so well. -
Great Wall Motor 2333 HK BNP PARIBAS Victoria Li
Great Wall Motor 2333 HK BNP PARIBAS Victoria Li 15 DECEMBER 2015 CHINA / AUTOMOBILES & COMPONENTS GREAT WALL MOTOR 2333 HK TARGET PRICE HKD9.59 HOW WE DIFFER FROM CONSENSUS MARKET RECS CLOSE HKD9.33 TARGET PRICE (%) (15.9) POSITIVE 23 HOLD UP/DOWNSIDE +2.8% EPS 2015 (%) 2.5 NEUTRAL 5 FROM BUY PRIOR TP HKD7.78 EPS 2016 (%) (0.9) NEGATIVE 5 CHANGE IN TP 23.21% KEY STOCK DATA Lack of new drivers YE Dec (RMB m) 2014A 2015E 2016E 2017E 2016 to be a better year with demand recovery Revenue 62,600 68,045 79,454 87,553 We estimate China PV sales volume growth would improve to 7.1% Rec. net profit 8,042 8,761 10,417 11,511 y-y in 2016E (2015E: 5.4%), mostly driven by the APT cut and the Recurring EPS (RMB) 0.88 0.96 1.10 1.12 revival of delayed purchase interest. SUV segment should continue Prior rec. EPS (RMB) 0.88 0.95 1.04 1.00 to grow fast at 35% y-y. Both would benefit GWM’s sales volume. Chg. In EPS est. (%) 0.0 1.1 5.6 12.4 However, GWM’s facing more challenges than peers EPS growth (%) (2.2) 8.9 14.2 2.4 Although GWM shall be the biggest beneficiary in our coverage Recurring P/E (x) 8.8 8.1 7.1 6.9 according to its sales volume exposure to 1.6L-and-below engines, Dividend yield (%) 3.4 3.4 3.6 4.0 its earnings growth would be weaker than its peers, such as Geely EV/EBITDA (x) 5.9 5.4 4.4 4.0 and Changan. -
Ceauto 26/2015 Newsletter 01
CeAUTO 26/2015 Newsletter 01. 07. 2015 INDEX • International 1 • Russia 6 • Bosnia and Herzegovina 2 • Russia/Belarus/Kazakhstan/Uzbekistan 9 • Bosnia and Herzegovina/Czech Republic 2 • Slovakia 9 • Bosnia and Herzegovina/Russia 3 • Slovenia 10 • Czech Republic 3 • Turkey 10 • Czech Republic/Russia 3 • News from Middle East and Africa 11 • Hungary 4 • Iran 11 • Kazakhstan/Russia 4 • This week on ceauto.co.hu 12 • Poland 4 • Imprint 12 • Romania 6 NEWS International International suppliers interested in Getrag The family behind transmission manufacturer Getrag Getriebe- und Zahnradfabrik Hermann Hagenmeyer GmbH & Cie KG is exploring a stake sale or initial public offering, Bloomberg reports. The family hasn’t yet made a final decision, the agency said. According to Bloomberg, Magna International Inc., Dana Holding Corp. and some Chinese companies have expressed interest. 1 CeAUTO Newsletter 26/2015 | 01. 07. 2015 Mahle finalises takeover of Delphi Termal Following the approval by antitrust authorities Mahle GmbH has acquired the thermal business of Delphi Automotive PLC effective as of the 1st of July. Delphi Thermal’s compressor business will now be integrated into the Mahle Group as a new unit. Air conditioning, powertrain cooling, and heat exchangers for stationary applications, however, will become part of Mahle’s Thermal Management business unit. The thermal business field was created following the acquisition of Behr which was completed in 2013. 13 Delphi Thermal production plants in Poland, Slovakia, Hungary, the United States, Mexico, Brazil, China, and India, as well as three major research and development centres in the United States and Luxembourg with about 7,500 employees have now been added to Mahle Group’s approximately 150 production locations. -
GWM Announces the Global Premier of Haval Concept H & the India
PRESS RELEASE GWM announces the Global Premier of Haval Concept H & the India debut of its Concept Vehicle – Vision 2025 Greater Noida, 5th February 2020: Great Wall Motors, China’s largest SUV manufacturer, today globally premiered its Haval Concept H & announced the India debut of the concept vehicle – Vision 2025, during the press conference organized at Auto Expo – The Motor Show 2020. Emphasizing on the theme of Intelligent Mobility Redefined, GWM had on display among other models - Haval: H9, F7, F7x, F5 and the GWM EV: iQ & R1. At the GWM pavilion on display was a functional area that had a showcase of Lithium Ion Battery, Haval Intelligent Home, Haval Intelligent Safety Display, and Great Wall Autonomous EV. Over the past decade, GWM has invested more than 1.5 billion USD for research the development of cutting-edge technologies such as new energy, intelligent network connection and autonomous driving, and build exclusive platforms and product lineup for new energy vehicles. GWM plans to invest an estimated total of 1 billion USD (approx. INR 7000 cr) in India in a phased manner, covering manufacturing plant, vehicle research and development, production of power batteries and electric drives, vehicle and component manufacturing. At the same time, it plans to provide estimated 3,000 direct employment in a phased manner. Taking the opportunity of the Auto Expo 2020, GWM today made India Debut of its Haval and GWM EV brands and hopes to offer high technology premium products to Indian consumers, and also contribute to Govt vision of a pollution free renewable energy based society. -
China Confirms New SARS-Like Coronavirus Strain Is Contagious Fears of Major Outbreak As Millions Travel for Lunar New Year Holiday
JUMADA ALAWWAL 26, 1441 AH TUESDAY, JANUARY 21, 2020 28 Pages Max 21º Min 07º 150 Fils Established 1961 ISSUE NO: 18040 The First Daily in the Arabian Gulf www.kuwaittimes.net China confirms new SARS-like coronavirus strain is contagious Fears of major outbreak as millions travel for Lunar New Year holiday BEIJING: A SARS-like virus that has spread across China and reached three other Asian nations is conta- Criticism of finance gious between humans, a government expert said yes- terday, fuelling fears of a major outbreak as millions minister intensifies travel for the Lunar New Year holiday. The new coron- avirus strain, first discovered in the central city of Wuhan, has caused alarm because of its connection to over wages, taxes Severe Acute Respiratory Syndrome (SARS), which By B Izzak killed nearly 650 people across mainland China and Hong Kong in 2002-2003. The total number of people diagnosed with the virus KUWAIT: Lawmakers yesterday intensified their rose to 218, as Beijing and Shanghai confirmed their criticism of Finance Minister Mariam Al-Aqeel for first cases yesterday while more than a dozen more saying there is a need to revise the wages of civil ser- emerged in southern Guangdong province and 136 new vants and consider imposing taxes and charges. MP ones were found over the weekend in Wuhan, accord- Abdulwahab Al-Babtain disputed the figures provid- ing to state broadcaster CCTV. A third person died in ed by the minister while presenting the new budget Wuhan, the local health commission said. for 2020/2021, saying there is always a difference of Scientists have scrambled to determine the mode of more than one billion dinars between actual and gov- transmission, with a seafood market in Wuhan believed ernment figures. -
Corporate, Social and Responsibility Report
(a joint stock company Incorporated in the People's Republic of China with limited liability) H Share Stock Code: 2333 A Share Stock Code: 601633 2 019 Corporate, Social and Responsibility Report * For identification purpose only CONTENTS About This Report 02 Message from Executives 04 A Close Look at Great Wall Motor 06 Corporate Governance 22 Responsibility Management 30 Product Responsibility 34 Responsibility for Employees 49 Social Responsibility 53 Environmental Responsibility 63 ESG Reporting Guide 72 Feedback Form 78 CSR Report 2019 1 About This Report About This Report I. REPORTING PERIOD: V. DEFINITIONS IN THE REPORT This report is the 9th annual corporate social responsibility report issued by Great Wall Motor Company “Great Wall Motor” or Great Wall Motor Company Limited Limited since 2011. This report covers the period from 1 January 2019 to 31 December 2019, with the “Company” or “we” certain information extending to the previous or subsequent years where appropriate. the “Group” the Company and its subsidiaries II. SCOPE OF REPORT: “Great Wall Holdings” Baoding Great Wall Holdings Company Limited (the indirect The scope of report covers the Company and its subsidiaries. Some contents involve Baoding Great Wall controlling shareholder of the Company) and its subsidiaries Holdings Co., Ltd and its subsidiaries. Please refer to the annual report of Great Wall Motor Company Limited for detailed corporate information. VI. NOTE TO THE REPORT III. CONTENTS OF REPORT: Data in this report are sourced from the Company’s audit report, annual report or other statistical documents. This report contains uncertainties about future plan or forecast. This report has not been This report discloses the Company’s information on economic, social and environmental performance reviewed by any independent source and investors are advised to be aware of the risks involved. -
Internationalization and Distribution Strategies of the Chinese Automotive Sector: the Case of Colombia and Peru
Internationalization and distribution strategies of the Chinese automotive sector: The case of Colombia and Peru ABSTRACT When the Chinese auto industry decided to stop supplying the local market and expand to the western market, it had to evaluate the best alternative to market its brands. This article develops, on the one hand, from a conceptual approach, the modes of entry and the forms of distribution follow the automotive brands; and on the other hand, from an applied approach, the internationalization and distribution strategies of the Chinese brands (Changan, Great Wall, Haval, JAC and BAIC) of light vehicles present in Colombia and Peru. In this second part you can know the history of each of these brands since they arrived in each of the countries chosen as a case study, its evolution and its current behavior. KEYWORDS Internationalization - Distribution - Automotive industry - Chinese brands - Colombia - Peru 1. INTRODUCTION The automotive sector, in the countries where it is a big business, is one aspect of development for the benefits that it represents for its economy, among them, consumption, employment generation and foreign exchange income, but also in improving the quality of transport of its inhabitants. Although the industry is well developed in the United States, Europe and the Asian continent, it is expected that it will also develop in Latin America, a region that already represents the fourth largest market in the world. Speaking of Latin America, it shows that in this region three groups of countries are distinguished. The first one, consisting only of Brazil, which, due to the size of its population, consumes almost all of the vehicles it assembles.