Investment continues to make efforts in making up shortcomings, transformation and upgrading, consumption patterns continue to innovate and develop, the employment situation continues to improve, and the income gap between urban and rural residents continues to narrow … … In the first quarter of this year, with the steady economic and social development, people’s living standards have been continuously improved, and the people’s sense of acquisition, happiness and satisfaction have been continuously enhanced. In the future, with the continuous implementation of various policies to benefit the people and the people, our life will be even better.

　　The investment growth rate rose steadily and the structure continued to be optimized and upgraded.

　　Peng Yongtao, Director of Investment Department of National Bureau of Statistics

　　With the implementation of a series of "stable investment" policies, the growth rate of fixed asset investment in China has steadily rebounded. In the first quarter, the total investment in fixed assets (excluding farmers) was 1,018.71 billion yuan, a year-on-year increase of 6.3%. At the same time, investment in short-boarding, transformation and upgrading has continued to exert strength, and the investment structure has been continuously optimized. The key role of investment in optimizing the supply structure continues to be highlighted.

　　I. Infrastructure investment has stabilized and rebounded.

　　Since October 2018, the growth rate of national infrastructure investment has continued to pick up, with a year-on-year increase of 4.4% in the first quarter of this year, an increase of 0.6 percentage points over last year.

　　The growth rate of investment in areas related to people’s livelihood has accelerated. In the first quarter, investment in the social sector increased by 14.3% year-on-year, with the growth rate increasing by 4.1 percentage points and 2.4 percentage points respectively from January to February and last year.

　　Second, the investment structure of manufacturing industry continued to be optimized.

　　In the first quarter, manufacturing investment increased by 4.6% year-on-year. Among them, the growth rate of investment in high-tech manufacturing industry has accelerated. In the first quarter, the investment in high-tech manufacturing industry increased by 11.4%, the growth rate was 5.2 percentage points higher than that in January and February, and it was 6.8 percentage points higher than that in all manufacturing industries.

　　The growth trend of transformation and upgrading investment in manufacturing industry is good, which is an important factor to stimulate the growth of manufacturing investment. In the first quarter, the investment in technological transformation of manufacturing industry increased by 16.9%, and the growth rate was 2 percentage points higher than that of last year.

　　Third, the real estate development investment is generally stable.

　　Under the policy of "stabilizing land prices, housing prices and expectations", the real estate market has undergone positive changes, and the main indicators are mostly stable and positive. In the first quarter, investment in real estate development increased by 11.8% year-on-year; The newly started area of real estate increased by 11.9%; The sales area of commercial housing decreased by 0.9%, narrowing the decline by 2.7 percentage points.

　　Fourth, private investment grew steadily.

　　In the first quarter, private investment increased by 6.4% year on year. Among them, investment in the social field increased by 26.6%, and the growth rate was 9.2 percentage points higher than that from January to February; Investment in real estate development increased by 13% and continued to maintain rapid growth.

　　Five, foreign investment and Hong Kong, Macao and Taiwan businessmen have accelerated.

　　In the first quarter, the investment of foreign enterprises increased by 8.7% year-on-year, and the growth rate was 5.3 percentage points higher than that from January to February. Investment by Hong Kong, Macao and Taiwan businessmen increased by 2.8%, 2.8 percentage points higher than that from January to February.

　　6. The growth rate of investment in the eastern, central and western regions has increased.

　　In the first quarter, investment in the eastern region increased by 4.3% year-on-year; Investment in the central region increased by 9.6%; Investment in the western region increased by 7.8%; Investment in Northeast China increased by 2.9%.

　　The consumption potential is released, and the new and old kinetic energy is accelerated.

　　Lin Tao, Director of the Department of Foreign Trade and Economic Cooperation of the National Bureau of Statistics

　　In the first quarter, China’s consumer goods market was generally stable, the consumption structure continued to be optimized and upgraded, the consumption mode continued to innovate and develop, the conversion of old and new kinetic energy in the consumption field was steadily advanced, and the consumption potential of residents was further released. Consumption remained the first driving force for economic growth.

　　First, consumption continues to play a fundamental role

　　The consumer goods market as a whole maintained steady growth. In terms of nominal growth rate, the total retail sales of consumer goods in the first quarter increased by 8.3% year-on-year. At the same time, domestic consumption continues to play the role of the main engine of economic growth, and the contribution rate of final consumption expenditure to economic growth in the first quarter is 65.1%.

　　Second, the urban and rural consumption structure is optimized, and the rural market is growing rapidly.

　　Driven by the steady growth of residents’ income and the improvement of market expectations, the retail sales of urban consumer goods in the first quarter increased by 8.2% year-on-year, 0.1 percentage point faster than that in the fourth quarter of last year. At the same time, the rural consumption environment continued to improve. In the first quarter, the retail sales of rural consumer goods increased by 9.2% year-on-year, and the growth rate was 1.0 percentage points higher than that of the urban market.

　　Third, the continuous adjustment of commodity structure

　　The sales growth rate of some consumption upgrading products accelerated, and the communication equipment products related to consumption upgrading increased by 10% year-on-year in the first quarter; Cosmetics increased by 10.9%. At the same time, the demand for service consumption is strong. In the first quarter, the national catering revenue increased by 9.6%, which was 1.4 percentage points higher than the retail sales.

　　Fourth, the consumption pattern is constantly innovating.

　　Emerging formats grew rapidly. In the first quarter, the online retail sales of physical goods nationwide increased by 21.0%, which was 12.7 percentage points higher than the total retail sales of social consumer goods. The traditional format grew steadily, with the retail sales of supermarkets and convenience stores above designated size increasing by 7.5% and 10.5% respectively in the first quarter.

　　The new and old formats are integrated and developed. According to estimates, in the first quarter, the retail sales of goods realized by units above designated size through the Internet accounted for 11.3% of the retail sales of consumer goods above designated size, up 0.2 percentage points from the fourth quarter of last year.

　　V. Stable supply of consumer goods market

　　The production of consumer goods industry grew steadily, and the actual growth rate of added value of consumer goods industry remained above 6% in the first quarter; Investment in the consumer sector grew well. In the first quarter, investment in culture, sports and entertainment increased by 22.7%, and investment in education increased by 14.7%. Consumer-related industries are running well, with the average index of non-manufacturing business activities of 54.6% in the first quarter.

　　With the steady growth of residents’ income, tax reduction and fee reduction and the gradual effectiveness of policies to promote consumption, residents’ consumption demand will be further released, the trend of consumption transformation and upgrading will continue, and the consumer market is expected to continue to grow steadily on the whole.

　　The overall price operation was stable, and the production field rose slightly.

　　Zhao Maohong, Director of Urban Department of National Bureau of Statistics

　　Since the beginning of this year, in the case of abundant supply, the price in the consumer sector has risen moderately, the price in the production sector has risen slightly, and the national price operation has been generally stable.

　　First, the price increase in the consumer sector is moderate.

　　In the first quarter, the national CPI (Consumer Price Index) rose by 1.8% compared with the same period of last year, and the growth rate dropped by 0.3 percentage points compared with the same period of last year. From the ring comparison, affected by holiday factors, CPI increased by 0.5% and 1.0% in January and February respectively, and decreased by 0.4% in March after the holiday; From a year-on-year perspective, the CPI rose by 1.7%, 1.5% and 2.3% from January to March, respectively, and the fluctuation of the increase was mainly affected by changes in food prices. The monthly core CPI excluding food and energy prices is 1.9%, 1.8% and 1.8% respectively, with a moderate and stable increase.

　　The increase in food prices slightly expanded. In the first quarter, food prices rose by 2.2%, an increase of 0.2 percentage points over the same period of last year, which affected the CPI increase by about 0.45 percentage points.

　　The increase of non-food prices declined. In the first quarter, non-food prices rose by 1.7%, which was 0.5 percentage points lower than the same period of last year, affecting the CPI increase by about 1.39 percentage points.

　　Second, prices in the production sector rose slightly.

　　The increase in PPI dropped significantly. In the first quarter, the national PPI (ex-factory price index of industrial producers) rose by 0.2% year-on-year, down by 3.5 percentage points compared with the same period of last year and down by 2.1 percentage points compared with the fourth quarter of last year. Among them, the price of means of production changed from 4.9% in the same period last year to flat, which was the main reason for the decline in PPI growth.

　　The prices of most industrial sectors are generally stable. In the first quarter, among the 40 major industries surveyed, the ex-factory prices rose in 29, remained flat in 2 and fell in 9. In most industries, the ex-factory price changes slightly, and in 28 industries, the ex-factory price changes between 2.0%.

　　The ex-factory price of the equipment manufacturing industry is generally stable. Among them, the ex-factory price of general equipment manufacturing rose by 0.9%, the ex-factory price of special equipment manufacturing rose by 0.5%, and the ex-factory price of computer, communication and other electronic equipment manufacturing rose by 0.2%; The ex-factory prices of railways, ships, aerospace and other transportation equipment manufacturing industries are flat.

　　The prices of some means of production have risen. In the first quarter, the international crude oil price rebounded, and the low temperature in some areas led to an increase in heating demand, and the price of energy products rose. Affected by the Spring Festival, from January to February, the market demand for steel and non-ferrous metals was weak and the prices fell. In March, with the concentrated construction of post-holiday infrastructure projects, the demand for steel and non-ferrous metals increased, and the prices of related products went up.

　　The employment situation is basically stable, and the market supply and demand are stable and orderly.

　　Meng Canwen, Deputy Director of the Department of Population and Employment Statistics of the National Bureau of Statistics

　　In the first quarter, affected by the downward pressure of the economy and the Spring Festival, the national urban survey unemployment rose first and then fell. With the continuous efforts of the employment priority policy and a series of measures to stabilize and promote employment, the employment situation in China has remained stable as a whole.

　　First, the national urban survey unemployment rose first and then fell.

　　In the first three months of this year, the national urban survey unemployment rate was 5.1%, 5.3% and 5.2%, respectively, up by 0.1, 0.3 and 0.1 percentage points compared with the same period of last year. Although it rose in February, it fell back in March, and the average monthly rate was lower than the expected target of 5.5%. In January and February, the unemployment rate rose due to the combined influence of economic downward pressure and Spring Festival factors. In March, with the decline of seasonal factors, the weather turned warmer after the holiday, enterprises resumed work, the demand for employment increased, and the proportion of temporary unemployed people who closed down seasonally dropped significantly. By age, the unemployment rate of the main working-age population aged 25 to 59 was below 5% in the first quarter, and the employment situation remained stable as a whole.

　　Second, the demand for employment in enterprises is stable

　　The employment demand of enterprises is generally stable. The key survey on the employment of manufacturing enterprises conducted by the National Bureau of Statistics in six eastern provinces in March shows that enterprises have returned to work well after the Spring Festival, with a return rate of over 90%, and the demand of some enterprises has increased compared with the same period last year.

　　According to the monthly labor force survey data, the average weekly working hours of employees in enterprises in March were 46.0 hours, an increase of 1.1 hours over the previous month and 0.3 hours over the same period last year. The average weekly working hours of all types of enterprises have increased compared with February, and the average weekly working hours of employees in private enterprises have increased by 1.4 hours compared with last month.

　　Third, the supply and demand of the human resources market are basically stable.

　　According to the data of Ministry of Human Resources and Social Security, from January to March, 3.24 million people were newly employed in cities and towns, achieving the annual target of 29.5%, 1.17 million unemployed people in cities and towns were re-employed, and 390,000 people with employment difficulties were employed, all of which maintained a high level. In the first quarter, the recruitment ratio of the national human resources market was 1.28, up 0.5 percentage points year-on-year and 0.1 percentage points quarter-on-quarter. The number of recruitment positions was greater than the number of job seekers, and the supply and demand of the human resources market were basically stable.

　　For the first time, the Government Work Report takes the employment priority policy as a macro-control tool, strengthens all aspects to attach importance to employment and support employment orientation, and successively introduces tax relief policies such as reducing the VAT rate and social insurance rate, greatly reducing the business cost of enterprises, fully supporting enterprises to absorb employment, making precise policies for key employment groups, striving to promote employment and entrepreneurship, and ensuring that the employment situation in China remains stable.

　　The income gap is shrinking, and consumer spending is increasing steadily.

　　Wang Youfen, Director of Household Survey Office of National Bureau of Statistics.

　　In the first quarter, the national income continued to grow, keeping pace with the economic growth, showing a trend slightly faster than the economic growth. The income growth of rural residents continues to be faster than that of urban residents, and the income gap between urban and rural residents continues to narrow. Residents’ consumption expenditure grew steadily, while service consumption expenditure grew rapidly.

　　First, residents’ income and economic growth are basically synchronized.

　　In the first quarter, the per capita disposable income of the national residents was 8493 yuan, a nominal increase of 8.7% over the same period of last year. After deducting the price factor, the actual growth rate was 6.8%, which was 0.4 percentage points faster than the GDP growth rate.

　　The income gap between urban and rural residents continues to narrow. In the first quarter, the per capita disposable income of urban residents was 11,633 yuan, an increase of 7.9% (unless otherwise specified), and a real increase of 5.9% after deducting the price factor; The per capita disposable income of rural residents was 4,600 yuan, an increase of 8.8%. After deducting the price factor, the real increase was 6.9%. The actual growth rate of per capita disposable income of rural residents is 1.0 percentage points faster than that of urban residents, and the income gap between urban and rural residents continues to narrow.

　　Wages and transfer income increased steadily, and income from operation and property increased rapidly. In the first quarter, the per capita wage income of the national residents was 4,838 yuan, an increase of 8.7%; The per capita net operating income of the national residents was 1,486 yuan, an increase of 8.3%; The per capita net income of national residents was 721 yuan, an increase of 12.2%, and the growth rate was 1.9 percentage points faster than the same period of last year; The per capita net transfer income of national residents was 1,449 yuan, an increase of 7.3%.

　　Second, the consumption expenditure of residents grew steadily.

　　In the first quarter, the per capita consumption expenditure of the national residents was 5538 yuan, a nominal increase of 7.3% over the same period of last year, and a real increase of 5.4% after deducting the price factor. Among them, the per capita consumption expenditure of urban residents was 7,160 yuan, an increase of 6.1%, and the actual increase was 4.1% after deducting the price factor; The per capita consumption expenditure of rural residents was 3,525 yuan, an increase of 8.7%. After deducting the price factor, the actual increase was 6.8%. The actual growth rate of per capita consumption expenditure of rural residents is 2.7 percentage points faster than that of urban residents.

　　Service consumption expenditure increased rapidly. In the first quarter, the per capita service consumption expenditure of the national residents was 2,329 yuan, an increase of 11.9%, which was faster than the growth rate of per capita consumption expenditure by 4.6 percentage points. Among them, the per capita expenditure on catering services increased by 18.6%; The per capita medical service expenditure increased by 15.7%, mainly due to the further improvement of medical insurance financial subsidy standard, the further expansion of reimbursement drug list, and the convenience of direct settlement of medical treatment in different places. The per capita education expenditure increased by 35.8%, mainly due to the late Spring Festival last year, the delay in the start of school, and the lag of some education expenses, which led to the low number of base periods in the first quarter, thus the education expenditure increased rapidly.

Wang Chuanfu, chairman and president of BYD, announced at BYD’s intelligent strategy conference on the evening of February 10 that the high-level intelligent driving system "Eye of God" was officially released and divided into three versions. Among them, the three-laser version (DiPilot 600) is mainly used for looking up models, the laser version (DiPilot 300) is mainly used for Tengshi and BYD models, and the three-eye version (DiPilot 100) is mainly used for BYD models. (Securities Times)

Shanghai Port Container Terminal, Anji County, Huzhou City, Zhejiang Province. Xinhua news agency

Fuzhou Airport Port ushered in a small peak of inbound and outbound passenger flow during Spring Festival travel rush. Xinhua news agency

Villagers in Rong ‘an County, Liuzhou City, Guangxi Province show kumquat just picked. Xinhua news agency

In the body workshop of BMW Brilliance Dadong Factory in Shenyang, the robot arm is manufacturing the body. Xinhua news agency

Qingdao Port Fully Automated Terminal (Phase II) was put into operation. Xinhua news agency

The new year market in Kunming, Yunnan is booming. Xinhua news agency

The staff in Yiwu China Import Commodity City put the imported red wine that has just arrived. Xinhua news agency

　　[Economic Interface]

　　Time flies like a blink. Looking back on 2019, there are too many people, too many things and too many important moments in my memory. The grand celebration of the 70th anniversary of the founding of New China seems to be yesterday, and 2020 has passed more than 20 days and nights. Looking back at the crucial year of 2019, there are many dimensions and perspectives. Not long ago, the centralized release of China’s annual economic report data made us discover a special way of memory — — Digital memory. This year, a series of iconic economic data were born in the sweat, showing the elegance of China, the strength of China and the spirit of China in a unique way.

　　The data is silent and rich in connotation. It tells the world, in a rational and rigorous way, what confidence and strength we have towards the first century-long goal of the Chinese nation.

　　Break through! These data freeze the moment when economic powers leap to a new level.

　　[Scene] On the morning of January 17th, 2020, the press conference hall of the State Council Information Office, No.11 West Chang ‘an Avenue, Beijing. Chinese and foreign journalists gathered, and reporters were already there at 8: 30. As soon as the official release time was 10: 00, a shocking message immediately spread all over the world through various new media platforms — — "heavy! China’s per capita GDP exceeded $10,000. " At the end of the press conference, it was nearly 12 noon, and reporters rushed to the front again, surrounded by Ning Ji Zhe, director of the National Bureau of Statistics, who still had many questions to answer.

　　Data 1

　　The per capita gross domestic product (GDP) has exceeded $10,000 — — Per capita GDP is the main index to compare the economic development level of various countries. Crossing this node, the income level, consumption structure, market scale and innovation conditions of a country’s residents will all reach a new level.

　　Data 2

　　6.1%— — In 2019, China’s GDP reached 99,086.5 billion yuan, close to 100 trillion yuan. Calculated at comparable prices, it increased by 6.1% over the previous year, in line with the expected target of 6%-6.5%.

　　Data 3

　　30733 yuan — — In 2019, the per capita disposable income of the national residents was 30,733 yuan, an increase of 8.9% over the previous year, and it exceeded 30,000 yuan for the first time. The growth rate was 0.2 percentage points faster than that of the previous year; After deducting the price factor, the real growth rate was 5.8%, which was basically in sync with the economic growth and roughly the same as the per capita GDP growth.

　　In 2019, China’s per capita GDP has exceeded $10,000, which is higher than the average level of upper-middle-income countries. "This not only means that China’s economic aggregate is constantly expanding, but also shows that the quality of China’s economic development is steadily improving and people’s lives are constantly improving, which not only lays a solid foundation for China to achieve a well-off society in an all-round way this year, but also makes our due contribution to the development and progress of all mankind. It has important symbolic significance. " Ning Ji Zhe said.

　　According to the data of the World Bank, the population of countries with a per capita GDP of more than $10,000 in 2018 is about 1.5 billion. As China, with a total population of 1.4 billion, steps into the ranks of countries with a per capita GDP of more than US$ 10,000, the population of countries in this ranks will be close to 3 billion. Of the more than 7 billion people in the world, due to China’s entry, the per capita GDP of 3 billion people has reached more than 10,000 US dollars. This is a great progress in human economic and social development, and also a contribution made by China as a developing and emerging economy to the world. Therefore, doing a good job in China is a contribution to the world.

　　Although per capita GDP and per capita disposable income are not the same concept, from the data point of view, "in 2019, the per capita disposable income of Chinese residents exceeded 30,000 yuan, which laid a good foundation for building a well-off society in an all-round way in 2020." Ning Ji Zhe said.

　　In 2019, China’s GDP grew by 6.1%, ranking first among the major economies in the world and ranking first among the economies with more than US$ 1 trillion.

　　From a global perspective, according to the forecast of Global Economic Outlook published by the World Bank in January 2020, the economy of high-income countries will grow by 1.7% and that of developing countries by 3.7% in 2019; Among them, the United States grew by 2.3%, the euro zone by 1.1%, Japan by 1.1%, Brazil by 1.1%, Russia by 1.2%, India by 5.0% and South Africa by 0.4%. Under the complicated situation of obvious increase in external risk challenges, China’s economy has maintained steady growth, showing strong resilience.

　　From the historical coordinates, this is a landmark data in the 70 years since the founding of New China. In 1952, China’s total GDP was only 67.9 billion yuan. In 1986, it exceeded the trillion yuan mark, in 2000 it exceeded the 10 trillion yuan mark, and in 2010 it surpassed Japan to become the second largest economy in the world. Since the Third Plenary Session of the 18th CPC Central Committee, the total GDP has reached 70 trillion yuan, 80 trillion yuan and 90 trillion yuan in five years, and it is close to 100 trillion yuan in 2019, contributing about 30% to the world economic growth.

　　At the same time, Ning Ji Zhe emphasized that we should also be soberly aware that the basic national conditions of China, which is in the primary stage of socialism for a long time, have not changed, and the problems of China’s large population, underdeveloped productive forces and inadequate development imbalance are still outstanding. China’s international status as the largest developing country in the world has not changed. To build China into a modern socialist country and realize the great rejuvenation of the Chinese nation, we need to work hard for a long time.

Warm heart! These data confirm that building a well-off society in an all-round way is closer to us.　

　　[Story] As the Spring Festival approaches, Ma Baoyin, a 61-year-old villager from Longerze Village, Gankunwan Town, Yanchuan County, Shaanxi Province, is about to usher in the first Lunar New Year in his spacious and bright new house. In May 2019, Yan ‘an bid farewell to absolute poverty as Yanchuan and Yichuan, the last two poverty-stricken counties in the revolutionary holy land of Yan ‘an, withdrew from poverty. The "two guarantees and three guarantees" for poor people in Yan ‘an have been basically realized, the rural infrastructure has been comprehensively improved, and 2.26 million people in the old liberated areas have started a new life towards a well-off society in an all-round way. Xue Zhanhai, Mayor of Yan ‘an, said that the focus of Yan ‘an’s poverty alleviation has shifted to the consolidation and promotion of poverty alleviation achievements, ensuring that no one is left behind and no one is left behind on the road to a well-off life in the old areas.

　　Data 1

　　11.09 million — — According to the latest statistics, another 11.09 million rural poor people have been lifted out of poverty, with more than 10 million people lifted out of poverty for seven consecutive years. According to the current poverty standards, by the end of 2019, the rural poor population had dropped to 5.51 million.

　　Data 2

　　More than 60% for the first time & mdash; — By the end of 2019, the proportion of urban resident population in the total population had reached 60.6%, exceeding 60% for the first time, which is a landmark data for China’s industrialization and urbanization.

　　Data 3

　　Four declines — — In 2019, China’s energy consumption per 10,000 yuan of GDP decreased by 2.6% compared with the previous year, and the Engel coefficient of the national residents decreased by 0.2 percentage points compared with the previous year, which decreased for eight consecutive years; The average concentration of PM2.5 in cities below the standard level and above decreased by 2.4% compared with the previous year, and the micro leverage ratio continued to decline steadily.

　　In 2019, faced with the complicated situation that risks and challenges at home and abroad have increased significantly, the China Municipal Government unswervingly implemented the new development concept, made great efforts to fight three tough battles, and handed over the report card of steady progress, laying a more solid foundation for building a well-off society in an all-round way. Han Wenxiu, deputy director of the Office of the Central Financial and Economic Committee, said that from the 15th National Congress of the Communist Party of China to the 16th National Congress of the Communist Party of China, and then to the 18th National Congress of the Communist Party of China, we have always taken this as a strategic goal. After decades of struggle, decisive progress has been made in building a well-off society in an all-round way. It should be said that the achievements in building a well-off society in an all-round way are even better than originally expected.

　　In 2019, the intensity, depth and accuracy of China’s poverty alleviation work reached a new level, and the funds, projects and initiatives in deep poverty-stricken areas increased; Industry, employment, education, health and poverty alleviation have been solidly promoted, and about 340 poverty-stricken counties across the country have taken off their hats; The task of ex situ poverty alleviation and relocation in the "Thirteenth Five-Year Plan" was basically completed.

　　According to the National New Urbanization Plan published by the State Council in 2014, the urbanization rate of permanent residents will reach about 60% in 2020. This also means that the urbanization rate of permanent residents will reach 60% one year ahead of schedule in 2019. Experts pointed out that with the urbanization rate exceeding 60%, China’s urbanization will gradually enter the second half and the second urbanization stage. Compared with the flow of population from township to city in the process of primary urbanization, secondary urbanization is the flow between cities, from small and medium-sized cities to central cities and metropolises.

　　According to the data of 2019, the contribution rate of final consumption expenditure to economic growth reached nearly 60%, and consumption played a fundamental role in China’s economic development, which was the first driving force for China’s economic growth. Quality, personalization and diversified consumption are active, and products such as wearable smart devices and smart household appliances are growing rapidly. Communication equipment and cosmetics products increased by 8.5% and 12.6% respectively.

　　This year’s economic work should focus on the advantages, focus on key points, fill shortcomings, strong and weak items, accurately fill the shortcomings of building a well-off society in an all-round way, and ensure the successful conclusion of building a well-off society in an all-round way. "Han Wenxiu said.

　　Wang Changlin, president of China Macroeconomic Research Institute, believes that China has many advantages and favorable conditions for moving towards a high-quality stage, and at the same time, it is facing some "worries" of growth and happiness. High-quality development is the development that can well meet the people’s growing needs for a better life, the development that embodies the new development concept, the development that innovation becomes the first driving force, coordination becomes the endogenous feature, green becomes the universal form, openness becomes the only way, and sharing becomes the fundamental purpose, that is, the development that pursues a happy life.

Breathe! These data mark a new stage of high quality development.

　　【 Story 】 On the afternoon of January 7th, the delivery ceremony of the first batch of social car owners of Model3 made in China was held in Tesla Giga Shanghai, which is located in Shanghai’s harbor. On the afternoon of January 7th, one year ago, Tesla Giga Shanghai officially started construction in Lingang Industrial Zone. From a wasteland, the first new car went off the assembly line, and then a batch of new cars went on the market, the construction of Tesla Giga Shanghai exceeded expectations.

　　Data 1

　　Break through 1 million — — In 2019, 41,000 foreign-funded enterprises were newly established, with an average of 112 established daily. By the end of last year, the number of foreign-funded enterprises in China had exceeded 1 million, reaching 1,001,377, which was of symbolic significance in the process of utilizing foreign capital and even opening up to the outside world.

　　Data 2

　　"Three consecutive rises" — — In 2019, the R&D investment intensity of the top 500 manufacturing enterprises in China was 2.14%, achieving the "three consecutive increases" since 2016. In 2019, there are about 20,000 newly registered enterprises every day, and the number of unicorn enterprises, gazelle enterprises and fortune 500 enterprises is increasing every year, with the number of invention patents per 10,000 population reaching 13.3.

　　Data 3

　　The first main body — — In 2019, the proportion of import and export of private enterprises rose to 43.3%, and private enterprises became the largest subject for the first time, of which exports accounted for 51.9%, and more than half of the exports were undertaken by private enterprises.

　　Qian Keming, Vice Minister of Commerce, pointed out that Shanghai Tesla has created the "China Speed" in less than one year from its establishment to mass production. In 2019, China actually utilized 941.5 billion yuan of foreign capital, an increase of 5.8%, and established more than 40,000 foreign-funded enterprises, maintaining its position as the second largest foreign capital inflow country. There were many large-scale projects, with 834 foreign-funded projects above $100 million, an increase of 15.8%; The structure of foreign capital continued to be optimized, and high-tech industries used 266 billion yuan of foreign capital, up by 25.6%, accounting for 28.3%.

　　On January 20, 2020, the Global Investment Trend Monitoring Report released by UNCTAD revealed that the global cross-border direct investment (FDI) was 1.39 trillion US dollars last year, down by 1%.

　　"In 2019, under the conditions of slowing global economic growth, sluggish cross-border investment, increased uncertainty in the international environment, and intensified competition for foreign investment in various countries, China achieved contrarian growth in attracting foreign investment." Zong Changqing, director of the Foreign Investment Department of the Ministry of Commerce, said that the scale of China’s utilization of foreign capital reached a record high last year, ranking first among developing countries and second in the world. Last year, a series of laws, regulations and policies such as the new foreign investment law, 20 regulations on stabilizing foreign investment in the State Council, and the new negative list of foreign investment access were promulgated and implemented continuously, which continuously optimized the business environment and played a "combination boxing" to stabilize foreign investment, effectively stabilizing foreign investment expectations and boosting investment confidence. Samsung, SK Hynix, Corning Display, Caterpillar, Ineos, Panasonic, ExxonMobil and other international manufacturing giants have increased their investment in China, and the actual investment in the whole year exceeded 100 million US dollars. This has played a positive role in promoting China’s supply-side structural reform, making up for the shortcomings of industrial upgrading and increasing the supply of high-quality goods and services.

　　At present, China’s innovation-driven transformation is accelerating, enterprise innovation activities are becoming increasingly active, and innovation-driven development momentum is dynamic in generate. Structural optimization and upgrading are accelerating, new formats and new models are emerging, and 5G commercialization is officially launched. In the first 11 months of last year, 126,000 base stations have been built, forming hundreds of innovative application scenarios in transportation, medical care and other industries.

　　In recent years, the whole country has implemented the new development concept, gathering wisdom, strength and energy, and mass entrepreneurship and innovation are surging. New scientific and technological achievements are constantly emerging. Last year, Chang ‘e 4 successfully landed on the back of the moon, Xuelong 2 made its maiden voyage to the South Pole, and the first domestic aircraft carrier was officially installed. In 2019, China ranked 14th in the global innovation index, up 3 places from the previous year. New kinetic energy and new industries grew, and the added value of industrial strategic new industries and high-tech manufacturing industries increased by 8.8% and 8.4% respectively. The retail sales of online goods increased by 19.3%, and digital economy, network economy, platform economy, sharing economy and intelligent economy flourished in China.

　　Wang Yiming, deputy director of the State Council Development Research Center, said that high-quality development is a development that embodies the new development concept, and it is necessary to achieve a higher level, better structure, more efficient, fairer and more sustainable development. It is necessary to promote "five changes": First, from "quantity catching up" to "quality catching up"; Second, from "scale expansion" to "structural upgrading"; Third, from "factor-driven" to "innovation-driven"; The fourth is to shift from "unbalanced distribution" to "inclusive"; The fifth is to shift from "gray growth" to "green appreciation". To promote the "five transformations", we should open up "six paths", namely, strengthening market functions, upgrading the level of industrial chain, enhancing the original innovation ability, upgrading human capital, promoting green transformation and improving the efficiency of space resource allocation.

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Tengshi N8 adopts family-style design language, the front face is dynamic and full of tension, and the air intake grille is unique in design, which not only enhances the visual impact of the vehicle, but also improves the heat dissipation performance. The overall style is biased towards the combination of sports and technology, with smooth lines and a sense of muscle, showing strong motivation and modernity.

Tengshi N8 has a body size of 4949 * 1950 * 1725mm and a wheelbase of 2830mm. Its body lines are smooth and tough, combining the front track of 1650 mm and the rear track of 1630 mm, which shows the stability and sense of movement of the vehicle. Tyre size equipped with 265/45 R21, with unique rim design, not only improves the driving performance, but also increases the fashion sense of the whole vehicle.

The interior design of Tengshi N8 is famous for its luxury and sense of technology. The center console is equipped with a 15.6-inch high-definition touch screen, which integrates rich functions such as multimedia system, navigation, telephone, air conditioning control and sunroof, and supports voice recognition control system, so that drivers can easily control various functions during driving. The steering wheel is wrapped in genuine leather, which feels delicate and supports electric up-and-down and forward-and-backward adjustment to meet the needs of different drivers. The front seats are also made of leather, which provides heating, ventilation and massage functions, bringing the ultimate ride experience to drivers and passengers. The main driver’s seat has the functions of fore-and-aft adjustment, backrest adjustment, height adjustment (4-way) and lumbar support (4-way), ensuring that the driver can find the most comfortable position. In addition, the co-pilot seat also has a similar adjustment function, providing the same comfortable experience for the co-pilot passengers. The second row of seats supports front and rear adjustment and backrest adjustment to improve the riding comfort. The power seat memory function provides convenience for the driver’s seat, and it can be restored to the preset seat position with one button. The car is also equipped with two USB ports in the front row, two Type-C ports, and two USB ports and two Type-C ports in the back row to meet the charging requirements of multimedia devices of passengers in the car. The front seats are also equipped with the wireless charging function of mobile phones, which is convenient for drivers to charge their mobile phones while driving. The seat is laid down in proportion, so that the luggage compartment space can be flexibly adjusted as needed to meet the needs of different use scenarios.

Tengshi N8 is equipped with a 1.5T turbocharged engine with a maximum power of 102kW (139HP) and a peak torque of 231Nm. With the E-CVT continuously variable transmission, it provides a smooth and efficient power output for drivers.

The owner of car home is an old Tengshi car owner. He shared his experience of Tengshi N8, saying that the new car has a luxurious appearance and a qualitative leap in interior design, and the overall feeling is very good. After the test drive, he found that the N8 had superior power performance, comfortable driving feeling, no obvious body roll, and he was satisfied with the linear speed increase. In addition, N8 is equipped with traction qualification, which is very suitable for outdoor play.

1905 movie network news On January 5th, the official announcement of Netflix original film "Roadbed End" starring Cui Chengen, Cui Chengen, Li Yihua, and will be launched on March 1st.The film is adapted from the novel of the same name "Meet Lu Jiwan", which tells the story of Lu Jiwan, a defector who came to Belgium with the last hope in life, and Mary who lost her reason for survival, meeting, leaving and falling in love.

The film was filmed in Hungary, in which Song Joong Ki plays Lu Jiwan, a defector, who is struggling for refugee status in Belgium. Cui, who starred in the Netflix series Anna Lasso mana La.bearWell, I will play Song Joong Ki’s partner Mary, a former shooter with Belgian nationality; Jin Chengling plays Lu Jiwan’s mother.

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The EPi 008 sets the trend with its unique design concept. The front face is simple and atmospheric, equipped with an exquisite air intake grille, with smooth lines and a sense of power. The overall style fuses technology and sports elements to show a futuristic exterior design, showing a high attractiveness to drivers and passengers.

The car series eπ 008 has an elegant side profile with its delicate body lines. Its length, width and height are 5002mm * 1972mm * 1732mm, and the wheelbase reaches 3025mm, which provides the vehicle with excellent spatial performance and handling stability. The front and rear wheelbases are 1650mm, showing a balanced front and rear counterweight. In terms of tire specifications, the eπ 008 is equipped with 265/45 R21 tires. The tire size not only guarantees driving performance, but also gives the vehicle a unique visual effect. The wheel style design further enhances the overall sense of movement.

内饰方面，eπ008展现出简约而豪华的风格。精致的皮质方向盘采用人体工学设计，提供手动上下及前后调节，确保驾驶者的舒适操控。中控台配置了15.6英寸的大屏，集成了多媒体系统、导航与电话等功能，支持语音识别，操作便捷且智能化。座椅材质选用仿皮，主副驾驶位均配备前后调节、靠背调节以及高低调节功能，包括腰部支撑，提升乘坐舒适度。此外，座椅还具备加热和通风功能，以及电动记忆功能，方便驾驶者根据个人喜好进行调整。后排座椅不仅支持前后移动和靠背调节，还设有腿托调节，空间利用十分灵活。整体内饰设计注重实用性和豪华感，为驾驶者和乘客营造出高品质的车内体验。

车系eπ008搭载了一款1.5T涡轮增压发动机，其最大功率达到了108千瓦，为车辆提供了147马力的动力输出。这款发动机配合电动车单速变速箱，确保了车辆在日常驾驶中的顺畅操控和性能表现。

总的来说，汽车之家车主对于eπ008的外观设计情有独钟，认为它耐看且引人注目。尽管他提到了漆面问题，这在一定程度上影响了车主的体验，但他也建议其他车主贴车衣以保护车辆。车头虽然不显霸气，但其低风阻系数带来能耗优势。车尾的MPV风格设计以及流媒体后视镜的独特性，是其魅力的一部分。尽管存在一些瑕疵，车主的积极评价和建议为潜在买家提供了一份有价值的参考，让我们期待eπ008在实际使用中能带来更多的惊喜。

　　The world economy is accelerating the transformation to economic activities with the network information technology industry as the important content, and China is in the historical process of rapid development of informatization.

　　On April 20-21, the National Network Security and Informatization Work Conference was held in Beijing. General Secretary of the Supreme Leader attended the meeting and delivered an important speech. He emphasized that informatization has brought a golden opportunity to the Chinese nation. We must keenly seize the historical opportunity of information development, strengthen positive publicity on the Internet, safeguard network security, promote breakthroughs in core technologies in the information field, give full play to the leading role of information technology in economic and social development, strengthen the integration of defense and civilian technologies in the network information field, actively participate in the process of international governance of cyberspace, promote the construction of a network power through independent innovation, and make new contributions to winning the Chinese dream of building a well-off society in an all-round way, winning the great victory of Socialism with Chinese characteristics in the new era and realizing the great rejuvenation of the Chinese nation.

　　Standing at the height of the historical development of mankind and the overall situation of the Party and the country, the important speech of the Supreme Leader scientifically analyzed the trend of informatization reform and our historical mission, systematically expounded the strategic thinking of strengthening the country by network, and profoundly answered a series of major theoretical and practical questions related to the development of the network information industry. It is a programmatic document guiding the development of network security and informatization in the new era, and has great and far-reaching significance.

　　Since the 18th National Congress of the Communist Party of China, the CPC Central Committee has made a series of major decisions and put forward a series of major measures to promote the historic achievements in the cause of online information. From the speech of the Supreme Leader General Secretary at the Second world internet conference to the important speech of "April 19th", from the Outline of National Informatization Development Strategy, National Cyberspace Security Strategy to the Cyber Security Law, and until the convening of the National Cyber Security and Informatization Work Conference, we have continuously promoted theoretical innovation and practical innovation, not only stepping out of a way to govern the Internet with China characteristics, but also putting forward a series of new ideas, new viewpoints and new judgments, thus forming the strategic thinking of a cyber power.

　　To understand and adhere to the strategic thinking of strengthening the country by network, we should deeply understand that informatization is a golden historical opportunity for the Chinese nation. Throughout the history of world civilization, mankind has experienced agricultural revolution, industrial revolution and information revolution. The information revolution that is being carried out in full swing all over the world is at a time when the Chinese nation is approaching the center of the world stage as never before, approaching the goal of realizing the great rejuvenation of the Chinese nation as never before, and having the ability and confidence to achieve this goal as never before. Whoever seizes the opportunity in the information revolution will firmly grasp the initiative of the times. We must not hesitate or slack off on this historical opportunity, and we must firmly grasp it in our hands.

　　To understand and adhere to the strategic thinking of strengthening the country by network, we should systematically, comprehensively and independently innovate to promote the construction of a strong country by network. General Secretary of the Supreme Leader has put forward a series of measures and key points on how to build a network power, including improving the comprehensive network governance capacity and forming a comprehensive network governance pattern with multi-agent participation and various means; Establish a correct concept of network security and actively develop the network security industry; Accelerate the breakthrough of core technologies in the information field; Take the lead in practicing the new development concept and promote and upgrade the development of new industrialization, urbanization and agricultural modernization as a whole; Promote the formation of a pattern of all-factor, multi-field and high-efficiency deep integration of military and civilian development; Promote the reform of the global Internet governance system; Strengthen the centralized and unified leadership of the Party Central Committee on the work of online information, and ensure that the cause of online information always advances in the right direction. These measures have formed a complete and comprehensive system, highlighted the ability of independent innovation, and provided specific action guidelines for the construction of a network power.

　　"At any time, you can make contributions because of your capital, and profit from it with the ability of all things." The network letter business represents a new productive force and a new development direction, which is closely related to the people’s sense of acquisition, happiness and security. We must conscientiously study and understand, unify our thoughts and actions with the strategic deployment of the Party Central Committee on network information work, grasp all the work in place with the spirit of nailing nails, adhere to the strategic thinking of strengthening the country by network under the strong leadership of the Party Central Committee, strive to promote the construction of a network power, firmly grasp the initiative of the times, and win a glorious future for the Chinese nation.

　　(Author: newspaper commentator)

The fuel consumption or endurance performance of a car is related to the later car cost, and many netizens pay attention to its performance. Not much to say, let’s take a look.

Let’s take a look at the appearance of Passat first. The front of Passat looks very individual and has a lattice grille, which looks sporty. Coupled with headlights, it is very visually impactful. The car is equipped with LED daytime running lights, automatic opening and closing, adaptive far and near light, automatic steering, delayed closing, rain and fog mode and so on. Coming to the side of the car body, the size of the car body is 5006 mm * 1850 mm * 1489 mm. The car adopts angular lines, and the car body presents a domineering and stylish design style. With large-sized thick-walled tires, the overall visual effect is very young and individual. Looking back, the rear of the car looks sharp, the taillight style is solid, and the exhaust pipe below adopts the design of bilateral single outlet, which is very cold.

When I came to Passat, the interior looked very personal and the overall recognition was high. The steering wheel of the car is very dignified and made of leather, which makes people fondle it. Let’s take a look at the central control. The car is equipped with a touch-sensitive LCD central control screen, which makes the interior style impressive and looks cute. Finally, let’s look at the dashboard and seats. The car is equipped with a young and fashionable dashboard, which highlights the trendy temperament. The car uses leather seats, which are wide and thick, and the overall comfort and wrapping are not bad.

Passat is matched with a wet dual clutch (DCT) gearbox, with an acceleration time of 7.6s seconds per 100 kilometers, which has good power performance and is completely OK for daily use.

The car is equipped with car networking, driving mode selection, remote control key, interior atmosphere light, engine start and stop and other configurations, which is quite rich in functions, which is undoubtedly very friendly to drivers.

After reading the above description, Xiaobian will make a summary. The moderate size of the car is a very suitable choice for many families, and the internal space is enough for daily use in families.

On August 16th, Equation Leopard held a brand and technology conference. At the beginning of the conference, BYD’s latest "DMO" super hybrid off-road platform was introduced, in which "O" stands for Dff-Road, indicating that the system was specially designed for off-road. Officials say that the emergence of DMO is the beginning of another revolution in the automobile industry, so let’s take a look at what highlights the DMO system has.

First, the world’s first vertical EHS electric hybrid system

The system is 100% independently developed by BYD, and the R&D team has successfully broken through the world problem of structural design, giving the vehicle more powerful pure electric power and off-road performance. The electro-soul system respectively includes a longitudinal high-power engine+off-road special rear drive assembly+off-road special rear drive assembly, as follows:

1. Industry-leading vertical high-power engine for off-road use.

Two kinds of engines with displacement of 1.5T and 2.0T are introduced respectively, in which the 1.5T engine has the maximum power of 143KW and the 2.0T engine has the maximum power of 180KW, and the thermal efficiency of the engines both exceeds 40%. With the support of the series-parallel structure, stable power generation can be realized without switching power generation and driving back and forth.

2. The first off-road special rear drive assembly.

The vehicle is equipped with an ultra-strong off-road electric four-wheel drive system, with a peak power of 285KW and a peak torque of 400 Nm, in which the low-speed off-road gear can achieve a maximum speed ratio of 21, and electronic differential system is integrated.

3. Off-road CTC battery pack

The vehicle is equipped with an integrated battery pack, which has a five-layer protection structure, and adopts "embracing" high-strength double-layer protection plate and reinforced frame beam. In order to make users feel more at ease to go off-road, the battery pack of the vehicle has a protection level 10 times higher than the industry standard, including 1200J impact capacity, ultra-high strength structural design and 38% torsional stiffness.

In addition, it also has the world’s leading direct cooling and direct heating technology, which supports active and passive temperature equalization and is suitable for extreme weather from MINUS 40 degrees Celsius to 60 degrees Celsius.

Second, the powerful electronic differential system

The vehicle is equipped with electronic differential system+intelligent middle lock. The official claims that DM-o system is "born with three locks", which has the characteristics of fast response, can quickly respond to locking and unlocking, and its performance subverts the frequent locking and unlocking of traditional mechanical locks.

Third, the ultimate fuel-saving performance

Under NEDC working condition, the fuel consumption is only 7.8L/100km, which can save more than 35% fuel consumption compared with mechanical off-road vehicles and solve the shortcoming of high fuel consumption of off-road vehicles.

Fourth, long endurance

The vehicle has a CLTC pure electric cruising range of 125KM and supports fast charging. It takes only 16 minutes to charge the battery of the vehicle from 30% to 80%. In the case of full oil and electricity, the vehicle has a comprehensive cruising range of over 1200 kilometers, and its cruising capacity is more than 50% stronger than that of mechanical off-road vehicles.

V. Strong motor driving ability

The recognition accuracy of the motor on the vehicle is 300 times higher than the wheel speed, the motor response is 100 times faster than the engine and the adjustment speed is 20 times faster. The car has a maximum power of over 500KW, a maximum horsepower of nearly 700 horsepower, and its power performance can be comparable to that of a 5.0T fuel engine. The acceleration time of the vehicle for 100 kilometers is only 4.8 seconds.

In addition, in EV pure electric mode, the car also has a maximum power of 370KW, which is equivalent to a 3.5T fuel engine.

Sixth, strong off-road ability

It can support sand, snow, climbing and other working conditions, among which the starting time in desert is only 300DM-o, which is 5 times larger than the starting time of the traditional mechanical off-road vehicle 1.5s; Snow and ice start 250ms, which is the start time of mechanical off-road vehicles; Facing the 45-degree slope, the start is also in one go, surpassing 99% mechanical cross-country.

Seven, support 16+N full scene

1. Daily driving:Comfortable mode, economic mode and sports mode;

2. Terrain crossing:Snow mode, sand mode, mud mode, mountain mode, rock mode, wading mode and intelligent mode;

3. Special working conditions:Leopard U-turn mode, driving mode with trailer, extreme endurance mode, racing mode, crawling mode and snow chain mode;

4, leisure and entertainment:Nap mode, camping mode, movie-watching mode, etc.

Eight, the world’s first Ferrous lithium phosphate starting battery.

The battery has been used for 6 years, and it has the characteristics of durable and non-prone, and can be completely lead-free. It is equipped with an intelligent management system (independent BMS) of 12V battery, and the battery has the same life as the whole vehicle, so there is no need to break down and replace it.

Nine, outdoor energy supply and discharge protection

It supports 6KW AC vehicle (international AC port charging) to supply power to the vehicle and 20KW in situ, which can supply 10% power to the vehicle in 10 minutes at the earliest. In addition, it also supports 6KW external discharge, which can carry various electrical appliances such as projectors and electric ovens.

X. Strong off-road ability

Off-road development lasted for 4 years, covering over 30 off-road sites in China, including 318 Sichuan-Tibet Line, Wulanbuhe Desert, Nankun Mountain Off-road Park, Kumutage Desert, red river valley Proving Ground, yakeshi Off-road Snow Park, Chongqing Off-road Forest Park, Mohe Snow and Ice Proving Ground, Chengdu Off-road Camp, etc., covering 150 off-road conditions, with a cumulative test mileage of over 1 million kilometers.

XI. Yunnian -P Intelligent Hydraulic Body Control System

The adjustment stroke of the suspension reaches 200mm, no matter what the terrain is, wherever it goes, it is a "smooth road". The vehicle also has an ultra-high falling safety height of 1500mm, an extreme wading depth of 1000mm, and a preview recognition distance of 150M. The vehicle is equipped with chassis vibration isolation system, with a golden axle load ratio of 50:50 and a low center of mass design.

Musk suddenly sent a message from Weibo.

On June 9th, elon musk, CEO of Tesla, issued a document in Weibo, saying that Tesla will not launch a "redesigned" Model Y this year.

Musk also said that Tesla continues to upgrade existing vehicles through OTA and other means, and Tesla vehicles will be significantly improved in many aspects every six months.

Musk previously revealed in the earnings conference call that Tesla will continue to update the vehicle lineup and accelerate the launch of new models.

Tesla’s wave of price cuts in China

Not long ago, Tesla set off a wave of price cuts in China. On April 21st, Tesla China official website comprehensively lowered the prices of its various Model S, including Model Y, Model Y Long Life Edition, Model Y High Performance Edition, Model S, Model S PLAID Edition, Model X and Model X PLAID Edition, etc., with reductions ranging from several thousand to tens of thousands of RMB.

At the same time, Tesla’s preferential activities in the China market are also increasing. Tesla China officially announced on May 17th that it would launch 0 down payment /0 interest activities for Model 3 and Model Y, with two options available.

According to the activity plan, consumers can have two options when ordering the designated version of Model 3: First, the down payment is limited to 0, starting from 0 yuan, and the daily supply can be as low as 136 yuan; Second, the time limit is 0 interest, the down payment starts at 79,900 yuan, and the daily payment can be as low as 85 yuan. There are two schemes: 0 down payment and 0 interest in limited time when ordering the designated version of Model Y.

Previously, on April 24, Tesla officially announced that it would launch a "0 down payment" car purchase benefit for the designated versions of Model 3 and Model Y. At that time, according to the content of the activity, there was no zero interest plan for ordering Model 3. Earlier, on April 3rd, Tesla China announced that it would launch the "0 interest" phased car purchase preferential policy for the first time in view of the low-interest replacement policy for the Model 3/Y model, and order the latest Model 3/Y model, which can enjoy 0 interest for 3 years or ultra-low interest for 5 years at the longest.

In April, Tesla released its financial report for the first quarter of 2024. According to the financial report, Tesla’s revenue in the first quarter decreased by 9% year-on-year to $21.3 billion, which was lower than the market expectation of $22.3 billion. It was not only the first year-on-year decline in the past four years since the COVID-19 epidemic disrupted operations in the second quarter of 2020, but also the biggest decline since 2012, with a month-on-month decline of over 15% compared with $25.17 billion in the fourth quarter of last year, mainly due to the slowdown in global demand for electric vehicles.

Musk also revealed in the earnings conference call that Tesla will continue to update its vehicle lineup and accelerate the launch of new models. Some production plans originally scheduled for the second half of 2025 may be advanced to the beginning of 2025 or even the end of 2024, including cheaper models. The new model will use the next generation platform and the current platform technology, and will be able to use the production line of the current model. He also said that the delivery of electric vehicles in 2024 will be higher than last year, and the growth rate of energy storage business will be higher than that of electric vehicles.

Tesla Shanghai Energy Storage Super Factory started construction.

In addition, the Tesla Super Energy Storage Factory also has new developments. On May 23rd, the groundbreaking ceremony of Tesla Shanghai Energy Storage Super Factory was held in Lingang, Shanghai.

It is understood that Tesla Shanghai Energy Storage Super Factory is Tesla’s first energy storage super factory outside the United States, and the first order for its main product Megapack, a large electrochemical commercial energy storage system, in China was also signed by Lingang Group and Tesla on the same day.

Shanghai Energy Storage Super Factory will produce Megapack, a Tesla super-large electrochemical commercial energy storage system, which is expected to be put into production in the first quarter of 2025. It is estimated that the annual production capacity will reach 10,000 units and the energy storage scale will be nearly 40 GWh (1 GWh = 1,000 MWh).

At the groundbreaking ceremony, Zhu Xiaotong, senior vice president of Tesla, said that Tesla is committed to solving fundamental problems in the fields of travel and energy with subversive technologies, and forming an innovative technology complex with vertical integration of the entire industrial chain in the fields of electric vehicles, energy storage products, artificial intelligence and robots. As an important part of its diversification strategy, Tesla’s energy storage business is leading the development of the global energy storage market with its leading technology and innovative products. The start of the Shanghai Energy Storage Super Factory will further consolidate Tesla’s leading position in the field of energy storage and promote the progress and development of the global green energy industry.

Since 2015, Tesla has launched Powerwall, a household energy storage battery, and Megapack, a super-large electrochemical commercial energy storage system in the United States, which are aimed at the household energy storage market and the commercial and industrial energy storage market respectively. Tesla’s energy storage products are currently distributed in more than 65 countries and regions around the world. In 2023, the installed capacity was 14.7 GWh, and in the first quarter of 2024, the installed capacity reached a record 4.1 GWh. The gross profit of energy storage business increased by 140% year-on-year, making it one of Tesla’s fastest growing businesses.

Musk once said that the future of renewable energy depends on large-scale energy storage. Tesla Megapack energy storage system can support low-cost, high-density public utilities and commercial projects up to gigawatt-hours. Flexibility is also a major feature of Megapack energy storage system, which can be integrated with battery module, inverter and temperature system at any time to help the power grid run more stably and sustainably.

At present, Tesla Megapack energy storage system has helped the United States, Britain, Australia and other regions to develop new energy. For example, in Victoria, Australia, Victoria Big Battery is currently one of the largest renewable energy storage projects in the world. The completion of renewable energy power generation facilities and 212 Megapack units has provided sufficient backup power protection for the region.