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Sajtóközlemény Toyota Central Europe
SAJTÓKÖZLEMÉNY TOYOTA CENTRAL EUROPE INTEGRÁLT AUTÓÜZEMELTETÉSI PLATFORM KIFEJLESZTÉSÉBEN VÁLLAL RÉSZT A TOYOTA KÍNÁBAN Az új mobilitási szektor egy példa nélküli szövetség keretében egyesíti erőit az autóiparral: világ legzöldebb és leginnovatívabb autógyártójának tartott, a mesterséges intelligencia, az autonóm autózás és a robotika területén is vezető fejlesztőnek számító Toyota által is támogatott együttműködés kulcsterületei közé tartozik a járműértékesítés és lízing, a szolgáltatások, a finanszírozás, a flottaüzemeltetés és autómegosztás, illetve a járművek és iparági szabványok közös fejlesztése. A DiDi Chuxing vállalat és 31 autóipari beszállító cég, köztük a Lexus prémium márkát is jegyző, a környezetbarát hibrid elektromos meghajtás mellett az akkumulátoros elektromos és hidrogén üzemanyagcellás elektromos technológia fejlesztésében is élen járó Toyota bejelentette a DiDi Autóipari Szövetség (D-Alliance) létrejöttét. Ez az első alkalom, hogy az új mobilitási szektor erőforrásai és erősségei, valamint az autóipar kulcsfontosságú láncszemei ilyen formában egyesülnek, hogy közös járműüzemeltetési platformot fejlesszenek ki, amely minden szempontból alkalmazkodik a közelgő személy- és áruszállítási forradalomhoz. A partnerek hisznek abban, hogy ez a projekt kulcsfontosságú a felhasználó- és tulajdonos-központú autós ökoszisztéma létrehozása szempontjából, amelyben dominálnak az új energiát felhasználó járművek, az intelligens vezetési technológiák és a megosztott mobilitási megoldások. Cheng Wei, a DiDi Chuxing alapítója és vezérigazgatója -
Stanphyl Capital Management LLC Stanphyl Capital GP, LLC Stanphyl Capital Partners LP
Stanphyl Capital Management LLC Stanphyl Capital GP, LLC Stanphyl Capital Partners LP Friends and Fellow Investors: For June 2018 the fund was down approximately 13.8% (no that is not a misprint- please see the paragraph below) net of all fees and expenses. By way of comparison, the S&P 500 was up approximately 0.6% while the Russell 2000 was up approximately 0.7%. Year-to-date the fund is down approximately 16.2% while the S&P 500 is up approximately 2.6% and the Russell 2000 is up approximately 7.7%. Since inception on June 1, 2011 the fund is up approximately 67.4% net while the S&P 500 is up approximately 134.7% and the Russell 2000 is up approximately 113.7%. Since inception the fund has compounded at approximately 7.6% net annually vs 12.8% for the S&P 500 and 11.3% for the Russell 2000. (The S&P and Russell performances are based on their “Total Returns” indices which include reinvested dividends.) As always, investors will receive the fund’s exact performance figures from its outside administrator within a week or two; meanwhile I continue to waive the annual management fee until the entire fund regains its high- water mark. The fund was absolutely massacred this month, and it was primarily due to our large short position in Tesla, to which I added on each new piece of negative news, much of which was indicative of the kind of outright fraud (see below) that would immediately send a “normal stock” into a death spiral, and yet for most of the month Tesla’s stock kept levitating. -
Annual Report 2019 年報
China ZhengTong Auto Services Holdings Limited Auto China ZhengTong (Incorporated under the laws of the Cayman Islands with limited liability) （根據開曼群島法律註冊成立的有限公司） 中國正通汽車服務控股有限公司 ANNUAL REPORT 2019 ANNUAL REPORT www.zhengtongauto.com 年報 ANNUAL REPORT 2019 年報 CONTENTS 2 Company Profile 73 Independent Auditor’s Report 3 Five Years’ Financial Summary 81 Consolidated Statement of Profit or Loss 6 Chairman’s Statement 82 Consolidated Statement of Profit or Loss and Other Comprehensive Income 10 Management Discussion and Analysis 83 Consolidated Statement of Financial Position 26 Corporate Governance Report 85 Consolidated Statement of Changes in 35 Environmental, Social and Governance Equity (ESG) Report 86 Consolidated Cash Flow Statement 55 Directors’ and Senior Management’s Profiles 87 Notes to the Consolidated Financial Statements 58 Directors’ Report 184 Corporate Information COMPANY PROFILE China ZhengTong Auto Services Holdings Limited China ZhengTong Auto Services Holdings Limited (the “Company” or “ZhengTong” or “ZhengTong Auto”, and together with its subsidiaries, the “Group”) is the leading 4S dealership group in China focusing on dealership of luxury and ultra-luxury branded automobiles such as Porsche, Mercedes-Benz, BMW, Audi, Jaguar and Land Rover, Volvo, Infiniti and Cadillac. The Group also operates dealership stores of middle market brands, such as FAW Volkswagen, Buick, Nissan, Toyota, Honda and Hyundai. The Group has developed a forward-looking strategic network covering developed regions and fast growing provinces in China so as to lay down a solid foundation for rapid growth of the Group in the future. As at 31 December 2019, we operated 135 dealership outlets in 41 cities across 17 provinces and municipalities nationwide not only covering the developed automobile market of some of the affluent first-tier and capital cities, but also effectively expanding to second and third-tier cities and regions with rapid growth and low automobile penetration. -
Report on Emerging Automakers in China in 2018 (Corporate Reach & Connectivity Functions)
Report on Emerging Automakers in China in 2018 (Corporate Reach & Connectivity Functions) November 2018 STUDY GOAL AND OBJECTIVES METHODOLOGY This report provides the industry executives with strategically signifisignificantcant Both primary and secondary research methodologies were used competitor information, analysis, insight and projection on the in preparing this study. Initially, a comprehensive and exhaustive competitive pattern and key companies in the industry, crucial to the search of the literature on this industry was conducted. These development and implementation of effective business, marketing and sources included related books and journals, trade literature, R&D programs. marketing literature, other product/promotional literature, annual reports, security analyst reports, and other publications. REPORT OBJECTIVES Subsequently, telephone interviews or email correspondence TtblihTo establish a compre hiftlhensive, factual, annua lldtddtlly updated and cost- was conducted with marketing executives etc. Other sources effective information base on market size, competition patterns, included related magazines, academics, and consulting market segments, goals and strategies of the leading players in the companies. market, reviews and forecasts. To assist potential market entrants in evaluating prospective INFORMATION SOURCES acquisition and joint venture candidates. The primary information sources include Company Reports, To complement the organizations’ internal competitor information and National Bureau of Statistics of -
Guangzhou 2019: Wie China Die Autowelt Verändert
Auto-Medienportal.Net: 25.11.2019 Guangzhou 2019: Wie China die Autowelt verändert Von Des Sellmeijer, cen Während die meisten Medien von der Los Angeles Auto Show in Kalifornien berichten, findet gleichzeitig im Fernen Osten eine nicht minder wichtige Automesse statt: Die Guangzhou Auto Show 2019 in Kanton, der Hauptstadt der Provinz Guangdong mit mehr als 100 Millionen Einwohnern, unweit von Honkong und Macao. Mehr als 900 000 Besucher konnte die Messe zuletzt verzeichnen; sie gibt traditionell einen guten Überblick über die Entwicklung von Markt und Herstellern in China. Erster Eindruck: 15 Hallen sind gut gefüllt, nahezu alle großen chinesischen und ausländischen Marken sind heuer in Kanton vertreten. Auch Liebhaber von Luxusautos und Exoten kommen auf ihre Kosten; unter anderem zeigen Aston Martin, Bentley, Lamborghini, Lotus, McLaren, Porsche und Rolls-Royce ihre neuesten und schönsten Modelle. Nur Ferrari ist nicht dabei. Was für ein Kontrast zur schlechten Beteiligung auf der jüngsten Frankfurter IAA! Die Chinesen holen schnell auf Noch vor wenigen Jahren wurden die chinesischen Hersteller für ihre merkwürdigen Designs und schwache Produktqualität verspottet. Aber diese Messe ist ein Augenöffner für den Rest der Welt: China holt auf – und zwar schnell. Noch immer gibt es eine neue Marke nach der anderen. Aber die Autos sind besser geworden, und die Präsentation hält jedem Vergleich stand. Überall gibt es visuelle Erlebnisse: Spiele, interaktive Präsentationen, Live-Vorführungen und mehr. All dies soll die Besucher an die Stände fesseln und ihnen die Marken nahebringen. Als Vorbild dafür diente offensichtlich die Präsentation von Mini – aber die Chinesen haben den Ansatz der BMW-Tochter übernommen und so weit verfeinert, daß der Mini-Stand im Vergleich zu ihnen langweilig wirkt. -
Electric City Elestric
Electric City Cars New Dawn The Electric City Cars of the Twenty First Century In the second decade of the twenty first century the internal combustion engine powered city cars popularity is on the wain as the popular trend is to purchase ever bigger cars and adverse legislation making them uneconomical to produce. But the gap could be filled by the new breed of electric city cars that manufacturers around the world are producing or developing in increasing numbers. A False Dawn Early Electric Cars This year over twenty two companies are either offering for sale or planning to do so in the near future an electric car. The year is not 2020 but 1900, one hundred and twenty years ago. Today the electric car is becoming fashionable, the cutting edge of technology, but the electric car is nothing new and a hundred years ago it had passed its first flush of popularity and was to decline into relative obscurity for the next ninety years. At the beginning of the last century fleets of battery electric taxis where running in Berlin,Paris, London and New York. In Berlin the authorities operate a small fleet of battery electric fire engines and ambulances and the post office a large fleet of battery electric postal delivery vans. Another surprising fact is that by nineteen sixteen over twenty seven thousand battery electric truck where in use in the USA. It seemed to be the beginning of a new age. Electric cars where easy to drive, very similar to cars today that are fitted with an automatic gearbox and of course electric starters, that by the way we're first used in an hybrid car early in the last century. -
Will Chinese EV Start-Ups Reshape the Automotive Industry?
Viewpoint Will Chinese EV start-ups reshape the automotive industry? The successes, challenges and roadblocks for EV start-ups With Chinese regulators’ stimulation policy, a number of EV start-up companies have been set up since 2015. Many of them aim to launch EV products with high levels of artificial intelligence, connectivity and autonomous driving technology. In this viewpoint, Arthur D. Little reviews major players’ product offerings, highlighting sales and aftersales services, market performance, major challenges and implications for the future. Stimulated by the government’s NEV policy, a They either have successful internet entrepreneur backgrounds, number of EV start-ups have emerged in the Chinese as do the founders of NIO (Li Bin), Lixiang (Li Xiang) and Xpeng market (He Xiaopeng); or hold track-records as senior leaders of major OEMs, as is the case for the founders of WM motor (Shen Hui, Since 2015, the new energy vehicle (NEV) market in China has ex-SVP of Geely Group), Aiways (Fu Qiang, ex-senior executive been growing rapidly. of SVW and Audi) and Enovate (Zhang Hailiang, ex-SVP of SVW By 2019, approximately 500 EV start-ups had been registered and SAIC Group), and the co-founders of Byton (Daniel Kirchert in China and more than 60 had unveiled their concept vehicles. and Carsten Breitfield, ex-VPs of BMW). Many addressed the trends of artificial intelligence (AI), The sales volumes of EV start-ups in 2019 show sharp contrast. connectivity and autonomous driving (AD). WM Motor, NIO and Xpeng ranked top three due to relatively NIO, WM Motor and Xpeng are the top three EV start-ups high intelligence and connectivity design, premium after-sales in terms of total financing and sales volume. -
Stanphyl-Capital-Letter-8-20.Pdf
Stanphyl Capital Management LLC Stanphyl Capital GP, LLC Stanphyl Capital Partners LP August 31, 2020 Friends and Fellow Investors: For August 2020 the fund was down 15.4% net of all fees and expenses. By way of comparison, the S&P 500 was up 7.2% while the Russell 2000 was up 5.6%. Year-to-date 2020 the fund is down 20.9% while the S&P 500 is up 9.7% and the Russell 2000 is down 5.5%. Since inception on June 1, 2011 the fund is up 21.7% net while the S&P 500 is up 215.5% and the Russell 2000 is up 109.5%. Since inception the fund has compounded at 2.2% net annually vs 13.2% for the S&P 500 and 8.3% for the Russell 2000. (The S&P and Russell performances are based on their “Total Returns” indices which include reinvested dividends. The fund’s performance results are approximate; investors will receive exact figures from the outside administrator within a week or two. Please note that individual partners’ returns will vary in accordance with their high-water marks.) What the hell happened this month, and for that matter, the first eight months of 2020? The short answer is: I’m a “long value/short bubbles” investor in a market where “the bubbles” are hugely outperforming “the value,” and thus losses from our short positions overwhelmed the gains from our longs, which on their own are up considerably. Now, here are the long answers, and why I think things are about to turn around for us… First, here is the approximate year-to-date (for stocks we’ve held since January 1) or “since purchase” (for stocks bought during 2020) performance for our longs; these figures are approximate because I’ve added to or trimmed these positions along the way, sometimes booking profits at higher or lower levels: ASYS: +43% AVNW: +54% DAIO: +23% EVOL: +14% (I also took profits on approx. -
Towards Cross-Modal Electrification2018 Corrections to Global EV Outlook 2018
Global EV Outlook 2018 https://doi.org/10.1787/9789264302365-en ISBN : 9789264302365 © OECD/IEA 2018 Corrigendum Please note that despite our best efforts to ensure quality control, errors have slipped into Global EV Outlook 2018. You will find a list of corrections at the end of the publication. Global EV Outlook Towards cross-modal electrification2018 Corrections to Global EV Outlook 2018 Old text New text Comments In the recent Nordic EV Outlook 2018 (IEA, In the recent Nordic EV Outlook 2018 (IEA, 2018b). 2018ba). Source: IEA analysis developed with the IEA Source: IEA analysis developed with the IEA Mobility Model (IEA, 2018a) Mobility Model (IEA, 2018ab) the Nordic EV Outlook 2018 (IEA, 2018b) and the Nordic EV Outlook 2018 (IEA, 2018ba) and two editions… two editions… not included in Figure 2.2) (IEA, 2018b). not included in Figure 2.2) (IEA, 2018ba). PHEV models especially in recent years (IEA, PHEV models especially in recent years (IEA, 2018b). 2018ba). to scale up production (IEA, 2017a; IEA 2018b). to scale up production (IEA, 2017a; IEA 2018ba). most influential factors for their purchase most influential factors for their purchase decision (IEA, 2018b). decision (IEA, 2018ba). significant drop in electric car sales in 2016 (IEA, significant drop in electric car sales in 2016 (IEA, 2018b). 2018ba). one gaining the highest share of sales (IEA, one gaining the highest share of sales (IEA, 2018b). 2018ba). was around 250 million units (China News, was around 250 million units (China News, 2017; IEA, 2018c), 2017; IEA, 2018cb), national standard for LSEVs (Xinhua, 2017b), national standard for LSEVs (Xinhua, 2017b), same level as reported for 2016 (First Electric same level as reported for 2016 (First Electric Vehicle Network, 2018a; First Electric Network, Vehicle Network, 2018a; First Electric Vehicle 2018b). -
China Automotive Human-Machine Interaction (HMI) Research Report, 2020
China Automotive Human-Machine Interaction (HMI) Research Report, 2020 Feb.2020 STUDY GOAL AND OBJECTIVES METHODOLOGY This report provides the industry executives with strategically significant Both primary and secondary research methodologies were used competitor information, analysis, insight and projection on the in preparing this study. Initially, a comprehensive and exhaustive competitive pattern and key companies in the industry, crucial to the search of the literature on this industry was conducted. These development and implementation of effective business, marketing and sources included related books and journals, trade literature, R&D programs. marketing literature, other product/promotional literature, annual reports, security analyst reports, and other publications. REPORT OBJECTIVES Subsequently, telephone interviews or email correspondence To establish a comprehensive, factual, annually updated and cost- was conducted with marketing executives etc. Other sources effective information base on market size, competition patterns, included related magazines, academics, and consulting market segments, goals and strategies of the leading players in the companies. market, reviews and forecasts. To assist potential market entrants in evaluating prospective INFORMATION SOURCES acquisition and joint venture candidates. The primary information sources include Company Reports, To complement the organizations’ internal competitor information and National Bureau of Statistics of China etc. gathering efforts with strategic analysis, -
December 2017 Advanced Mobility Monthly Update
Advanced Mobility Market Update December 2017 Electric Ecosystem Mobility-as Autonomous Data & Vehicles Intelligence -a-Service Solutions Analytics About Greentech Capital Advisors Our mission is to empower companies and investors who are creating a more efficient and sustainable global infrastructure. We are purpose-built to ensure that our clients achieve success. We have deeply experienced senior bankers and investment professionals who are sector experts and understand our clients' industry and needs. We reach a vast global network of buyers, growth companies, asset owners and investors, and thereby provide clients with more ways to succeed through a deeper relationship network. We have directly relevant transaction experience which enables us to find creative structures and solutions to close transactions. We are an expert team of 55 professionals working seamlessly on our clients' behalf in New York, Zurich and San Francisco and through a strategic partnership in Japan. Our team of experienced bankers and investment professionals provides conflict-free advice and thoughtful, innovative solutions, and we do so with an intensely focused effort that does not stop until our clients achieve success. Greentech Capital Advisors / 1 Advanced Mobility Market Update Recent News Business > Apple patented a navigation system for self-driving cars, detailing methods Developments to make self-driving vehicle navigation more efficient (CNBC) > Baidu is suing a former executive who it says stole proprietary autonomous Greentech’s Take: driving technology to power a start-up (FT) > As of Jan. 5, Delphi and Aptiv have traded > Delphi completed its spin-off of its Powertrain Systems segment, and is now up ~11% and ~5%, trading as Aptiv (NYSE:APTV), focusing on components for electric and respectively, since the autonomous vehicles (Forbes) spin off was completed on Dec. -
China Passenger Car Camera Market Report, 2019Q1
China Passenger Car Camera Market Report, 2019Q1 May 2019 STUDY GOAL AND OBJECTIVES METHODOLOGY This report provides the industry executives with strategically signifisignificantcant Both primary and secondary research methodologies were used competitor information, analysis, insight and projection on the in preparing this study. Initially, a comprehensive and exhaustive competitive pattern and key companies in the industry, crucial to the search of the literature on this industry was conducted. These development and implementation of effective business, marketing and sources included related books and journals, trade literature, R&D programs. marketing literature, other product/promotional literature, annual reports, security analyst reports, and other publications. REPORT OBJECTIVES Subsequently, telephone interviews or email correspondence TtblihTo establish a compre hiftlhensive, factual, annua lldtddtlly updated and cost- was conducted with marketing executives etc. Other sources effective information base on market size, competition patterns, included related magazines, academics, and consulting market segments, goals and strategies of the leading players in the companies. market, reviews and forecasts. To assist potential market entrants in evaluating prospective INFORMATION SOURCES acquisition and joint venture candidates. The primary information sources include Company Reports, To complement the organizations’ internal competitor information and National Bureau of Statistics of China etc. gathering efforts with strategic analysis,