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Wuhu News

Chery’s Passenger Vehicle Exports Reached a Year-on-Year Growth of 42 Percent in the First Half Year

The reporter learned from Chery Holding Group that in the first six months of this year, the group sold a total of 235,248 vehicles, among which 41,799 passenger vehicles were exported, reaching a year-on-year growth of 42 percent.


Facing the adverse impact of this year’s COVID-19 pandemiv, Chery Group is fully committed to the “two battlefields” of fighting the pandemic and resuming work, and has taken multiple measures to promote high-quality development. In June, Chery Automobile Holdings Group sold 46,189 vehicles, up 10.9 percent month-on-month, the fourth consecutive month of positive growth. Among them, the group’s overseas exports and new energy sales increased 27.3% and 3.1% respectively month-on-month.


Overseas export has become a bright color in Chery’s accelerating globalization development. Over the years, Chery has continuously upgraded its global development and completed the structural transformation from the simple trade of selling products to the current brand marketing. In the face of this global public health emergency, Chery Group adjusted its strategies flexibly according to the pandemic situation in different periods, which not only effectively stabilized overseas markets, but also recorded the highest sales data in Brazil, Russia and other markets in recent five years.


 Translated by Yuan Mengwen from Foreign Affairs Office of Wuhu Municipal People’s Government

http://www.wuhu.gov.cn/English/News/26687521.html

Continental Optimistic on Long-Term Growth in China’s Automotive Market

German auto parts supplier Continental AG has estimated China’s light vehicle production will decline 15 percent this year due to the COVID-19 pandemic, but it will grow in the mid-to-long term to account for 25 to 30 percent of the global auto market.


The company is optimistic about the Chinese market and continues to promote local production as well as research and development, said Enno Tang, president and CEO of Continental China, last week.


In the first quarter of this year, sales at Continental AG totaled 9.84 billion euros ($11.86 billion), down 10.9 percent year-on-year. Its profit slumped 47 percent in the same period. The reason is that its plants were shut down and global supply chains disrupted because of the outbreak.


“The global outbreak had huge impact on our business and the auto industry,” Tang said. “We saw severe decline in the first quarter of this year in China but the market shows good recovery signs in the second quarter.”


The group estimates China will have a better performance than Europe and the United States this year. It forecast that light vehicle production will decline 24 percent worldwide; 32 percent in Central and North America and 24 percent year-on-year in Europe.


Plants and R&D bases started resuming operations in mid-February with some plants currently fully operational. Outside China, 50 percent of Continental’s plants have resumed production.


To ensure orders are delivered on time, Continental has increased its management of global supply chains, resulting in 90 percent of its global supply chains having returned to normal operation as of now.


Continental reorganized its auto subgroups in the beginning of this year to pay more attention to automobile technologies, such as autonomous driving and connectivity.


Tang said: “We have seen a bigger opportunity for market growth in electrification, connectivity and autonomous driving.


“The Chinese government also set a goal that electric cars account for 25 percent and connected vehicles account for 30 percent of the country’s total sales by 2025. We think it is achievable.”


In April, Vitesco Technologies, the powertrain unit of Continental, announced it would build a research and development center in Tianjin, scheduled for completion in 2021. The center will specialize in technologies for hybrid and electric powertrains.


Vitesco has more than 10 years of experience in electrification. It has three production bases in Wuhu in Anhui province, Changchun in Jilin province and Tianjin.


It offers a broad range of electrification solutions tailored to the needs of customers worldwide. The portfolio ranges from 48-volt mild hybrid technologies and key components for hybrids to full battery-electric powertrains like power electronics, charging, battery management systems and electric axle drive.


Vitesco was expected to complete an initial public offering in the fourth quarter of this year, but it has been delayed to next year because of the pandemic.


Continental has also made efforts to promote intelligent mobility and infrastructure. It has launched an intelligent mobility project in Changsha, Hunan province and used a number of technologies to build intelligent highways and intersections.

http://www.wuhu.gov.cn/English/News/26687321.html

The First Development Fund Investment Roadshow of Small and Medium-Sized Enterprises in Anhui province is Held in Wuhu

On July 2nd, the first development fund investment roadshow of small and medium-sized enterprises (specialization, refinement, uniqueness and novelty) was held in Wuhu city enterprise service center, which was co-sponsored by Economy and Information Technology Department of Anhui, Anhui Provincial Investment Group and Wuhu Municipal Government. Wu Weiren, deputy director of Economy and Information Technology Department, Huang Linmu, general manager of the Provincial Investment Group and He Dong, deputy mayor of Wuhu, attended the ceremony and delivered a speech.  


The meeting pointed out that the impact of the pandemic on economic and social development as well as and the difficulties faced by small and medium-sized enterprises is unprecedented. This meeting is a valuable platform for promoting win-win cooperation between provincial fund institutions and small and medium-sized enterprises in our city. It is also a practical measure to implement the “six stability” and “six insurance” working plans of the central government, provincial Party committee and provincial government, and to provide financial services to the real economy and protecting market entities.


It is reported that there are 2 state-level, 261 provincial-level and 50 municipal-level enterprises in Wuhu. Among them, a batch of small and medium-sized enterprises (specialization, refinement, uniqueness and novelty), like Three Squirrels, Efort and Rayhoo Motor Dies are listed on the main board. And 10 small and medium-sized enterprises of high-quality in Wuhu City participated in this roadshow meeting.

Translated by Yuan Mengwen from Foreign Affairs Office of Wuhu Municipal People’s Government

http://www.wuhu.gov.cn/English/News/26687001.html

Wuhu City Received 557,000 Visitors During the Dragon Boat Festival Holiday

    Reporters learned from Wuhu Municipal Bureau of Culture and Tourism that during the Dragon Boat Festival holiday, in order to provide  a variety of cultural tourism products and considerate services and to ensure that tourists can spend a safe, civilized and peaceful Dragon Boat Festival, Wuhu City strictly implemented a series of instructions, such as requirements of the epidemic prevention and control and flood safety , measures like restricting the number of tourists, booking in advance, scanning code and temperature measurement are also strictly carried out.




    During the holidays, the city received a total of 557,000 tourists, with total tourism revenue reaching 233.9 million yuan.




    During this Dragon Boat Festival, in combination with prevention and control requirements of the epidemic and flood, Wuhu City’s each county (city), each scenic spot, cultural venues and rural tourism areas focused on the theme of “carrying forward traditional culture and strengthening cultural confidence” and launched a series of online and offline Dragon Boat Festival folk customs activities that meet the market demand and integrate traditional culture with modern science and technology. These colorful activities allow tourists to experience the infinite charm of traditional culture closely, effectively meet the diversified demands of tourists, enrich the holiday tourism market supply, and accelerate the recovery of cultural tourism industry. 




Translated by Yuan Mengwen from Foreign Affairs Office of Wuhu Municipal People’s Government

China’s Auto Imports, Exports Down 10 Pct in May

    China’s automobile imports and exports fell 10 percent month on month in May, according to data provided by the China Association of Automobile Manufacturers.

    The import and export volume totaled 8.33 billion U.S. dollars last month, down 36.9 percent year on year.

    Imports plunged 47.2 percent year on year to 3.78 billion dollars, while exports decreased 24.6 percent from a year earlier to 4.55 billion dollars.


    In terms of exports, Shanghai Automotive Industry Corp., Chery Automobile Co. and Changan Automobile Co. were among the country’s top 10 car manufacturers during the first five months.

    The top 10 carmakers saw their exports hit 284,000 units during the period, accounting for 87.8 percent of the industry’s total.

Civil Code Highlights Chinese Traditional Values

    HEFEI, June 17 (Xinhua) — Zhang Yiyi has been annoyed by the leak of her personal information as she often receives harassing phone calls after booking plane tickets online or buying a house from a real estate agency.


    Zhang, a resident in Hefei, capital of east China’s Anhui Province, hopes the problem could be solved with the country’s newly adopted Civil Code, which clearly defines people’s privacy.


    As the first law to carry the title “code” since New China was founded in 1949, the Civil Code passed at the third session of the 13th National People’s Congress, China’s top legislative body, will take effect on Jan. 1, 2021.


A major innovation of China’s Civil Code, jurists say, is embodied in the section on personality rights.


    Yao Weiyao, partner of the Anhui Huishang Law Firm, said incorporating personality rights provisions into an independent section emphasizes the protection of people’s dignity, which is in line with the people-rooted thoughts of traditional Chinese culture and reflects China’s confidence in its culture.


    The section on personality rights includes provisions on a civil subject’s rights to life, body, health, name, portrait, reputation, and privacy, among others.


    In Yao’s view, the code not only shows China’s innovation in legislation but also contributes to mankind’s achievements in building a law-based civilization.


    The adoption of the Civil Code also excited Deng Jiakai, a judge of the Intermediate People’s Court of Wuhu, Anhui Province.


    ”The code is a milestone in the country’s advancement of the rule of law, and adapts to the judicial practices at the grassroots level,” he said. “From the protection of individuals and families to the maintenance of social order, it embodies our excellent traditional values and national spirit.”


    The judge, who has 26 years of trial experience, has heard a succession case before, in which the nephew of a man surnamed Fang, as his only relative, asked for insurance compensation after Fang died in a car accident.


    At that time, Deng could only protect the nephew’s legitimate rights and interests in accordance with a series of legal provisions, such as the tort liability law and General Principles of the Civil Law, and relevant judicial interpretations.


    ”The inheritance provisions in the Civil Code amended the Law of Succession, which highlights traditional values including caring for the elderly and gives judges at grassroots levels more clarity in their decisions,” Deng said.

    In addition to general and supplementary provisions, the Civil Code includes six parts on real rights, contracts, personality rights, marriage and family, inheritance, and tort liabilities, protecting Chinese citizens’ rights from the cradle to the grave. According to the code, even unborn children have the right to an inheritance and gifts.


    Zhou Shihong, vice president of the Anhui Lawyers Association, said the code mentions carrying forward the core socialist values in Article One of its general provisions and also fully reflects the integration of the rule of law and the rule of virtue in the specific articles.


    ”Embodying our fine traditional culture and moral values in laws can in turn promote the further civilization of society, resulting in two-way benefits,” Zhou said. 

The Construction Project of the Wuhu Yangtze River Third Bridge Is Advancing at Full Speed

    By the end of this month, the Wuhu Yangtze River Third Bridge will be ready for traffic. As a key project of Wuhu city, it is connected to the urban road network, further meeting the needs of urban development.




    Reporters see that asphalt has been laid, street lights, traffic lines and road signs have been installed in place. The route is about 1.37 kilometers long. This section of viaduct is located in the “downtown area”, with large traffic flow, many pedestrians, harsh construction environment, difficult traffic organization, high safety requirements, high technical difficulty, and extremely limited operation space.




    Due to the specific conditions of the project, with the cooperation of relevant municipal departments, the engineers and technicians made a correct understanding of the hoisting process and efficient response through the verification, demonstration of technical data and digital information simulation technology. In the construction process, they avoided the traffic rush hour, carefully organized the work period of each team, worked overtime, and finally completed the whole project successfully.




    After the Wuhu Yangtze River Third Bridge is opened to traffic, citizens can cross the Yangtze River from the Chizhu Mountain Road viaduct, and drive into the Wuhu-Hefei Expressway after the toll station, which not only improves the traffic efficiency, but also reduces the traffic pressure of Wuhu Yangtze River Bridge.






                    Translated by Yuan Mengwen from Foreign Affairs Office of Wuhu Municipal People’s Government

JLR Agrees 5 Billion Yuan Loan over Three Years to Grow China Business

British premium carmaker Jaguar Land Rover said on Friday that it had entered into agreements with banks in China for a three-year revolving loan of 5 billion yuan ($704.5 million) to help finance its strategy of making the country one of its global centers.


The lenders are Bank of China; Industrial and Commercial Bank of China; China Construction Bank; Bank of Communications as well as Shanghai Pudong Development Bank.


Arthur Yu, Jaguar Land Rover’s vice-president and chief financial officer of its China operations, said the loan marks the carmaker’s first debt financing in the country since its arrival in 2010.


He said the loan can help the company better manage cash flow amid the coronavirus pandemic.


It will also help finance the carmaker’s goal of turning China into a global center for sales and production, research and development, as well as procurement.


“We have a big plan in China this year and the Chinese market is recovering gradually, so financially we should be ready,” said Yu.


China plays an important part in the British carmaker’s global network.


Sales from China used to account for 25-30 percent of its global sales. But over the past two months it made up 50 percent, Yu said. Jaguar Land Rover set up a joint venture with China’s Chery Automobile in 2012. The manufacturing facility, located in Changshu, Jiangsu province, produces five models under the Jaguar and Land Rover brands as well as its Ingenium engines.


From 2017, the carmaker started to increase investment in research and development in China, Yu said. Looking forward, he said the carmaker may join hands with Chinese internet companies in terms of new energy vehicles and autonomous driving. In terms of sales and marketing efficiency, Jaguar Land Rover said it is continuing its plan codenamed Dragon. Initiated in 2019, it has worked well.


The carmaker’s sales saw double-digit growth for months in a row until the pandemic broke out in January. Now dealers’ inventories have fallen to around 1.5 months’ worth of stock, better than the industry’s average.


As the coronavirus has come under control in China, Yu said the carmaker’s sales are recovering. Deliveries in April were level with same period of 2019 and sales were growing in May.


Yu said the company expects sales in China’s luxury car segment in 2020 to be level with 2019 or see slight growth.


“There are still a number of uncertainties going on, including the pandemic as well as the global economy’s effect on China, so we are cautiously optimistic. In the long run, though, we are very confident in the Chinese market.”

Yangtze River Delta Gains Momentum in Regional Integration

SHANGHAI, June 5 (Xinhua) — Jiang Wei, a business owner in Shanghai, will soon be able to travel to his plant 150 km away in Huzhou in less than half an hour thanks to the building of a new high-speed railway.


 


Jiang said at present, the journey from Shanghai to Huzhou of the neighboring Zhejiang Province takes him about two hours as the railway first heads south before heading north to Huzhou.


 


Construction on a new high-speed railway linking Shanghai and the neighboring cities of Suzhou and Huzhou was launched on Friday. The 164-km railway, with a designed top speed of 350 km per hour, is a key project for the Yangtze River Delta to further boost regional integration.


 


Transportation interconnection is just one example of the coordinated development of the region, which consists of Shanghai Municipality and the provinces of Jiangsu, Zhejiang and Anhui. As one of China’s most economically active, open and innovative regions, the Yangtze River delta region produces about one-fourth of the national GDP.


 


China unveiled an outline for the regional integrated development of the Yangtze River Delta last year. Local governments have rolled out a raft of measures to enhance cooperation and communication in the region.


 


Thanks to increasingly efficient resource allocation and collaboration, the Yangtze River Delta shows robust market vitality, offering the world a glimpse of the resilience and potential of the Chinese economy.


 


FORGING AHEAD WITH CONSTRUCTION


Huzhou Mingshuo Optoelectronic Technology Co., Ltd, founded by Jiang, is a participant and beneficiary of the Yangtze River delta regional integration.


The company has established a research and development (R&D) center in Shanghai, and also cooperated with firms in Anhui to carry out R&D on lithium battery energy storage.


“After the Shanghai-Suzhou-Huzhou high-speed railway breaks ground, the physical and psychological distance between Huzhou, Shanghai and Suzhou will be further reduced,” said Jiang.


 


In 2020, more than 10 railway projects in the Yangtze River Delta have been planned to be open or start construction. The entire region’s annual railway investment is planned to exceed 80 billion yuan (about 11 billion U.S. dollars), accounting for nearly one-sixth of the national total.


 


As China highlighted the importance of new infrastructure, local governments in the delta region have successively released new infrastructure plans to boost the construction of 5G networks, cloud computing and data centers.


 


Shanghai published a three-year action plan from 2020 to 2022, aiming to invest a total of around 270 billion yuan in its first batch of 48 major new infrastructure projects in the next three years. Jiangsu also introduced relevant measures to invest 12 billion yuan in 2020 to build 52,000 new 5G base stations. Zhejiang will begin construction on 20 large data centers this year.


 


The region also emphasizes the importance of green and sustainable development. In 2019, a demonstration area in the Yangtze River Delta on ecologically friendly development was launched, spanning across Shanghai, Jiangsu and Zhejiang.


 


CUTTING-EDGE TECHNOLOGIES


The Yangtze River Delta is a booming land of scientific and technological innovation, thanks to the establishment of research institutes and the industrialization of technological achievements.


 


In the western suburb of Hefei, capital of Anhui Province, the Chinese Academy of Sciences Center for Excellence in Quantum Information and Quantum Physics is under construction. The project is expected to be delivered by the end of 2020.


 


Shanghai’s Zhangjiang has had 14 projects of national key science and technology infrastructure completed or under construction, said Peng Song, an official with the office for promoting the construction of science and technology innovation center in Shanghai.


 


These facilities will open to researchers at home and abroad, said Peng.


 


“Over the past year, it is easy to observe the integrated development of the Yangtze River Delta with faster and more efficient movement of regional factors and more scientific allocation of resources,” said Pan Zhaohui, Party chief of Wuhu City, Anhui.

A Total of 20 New Infrastructure Projects in the High-Tech Zone Have Been Signed and Started

On the morning of June 1, 20 new infrastructure projects in the High-Tech Zone (Yijiang District) were signed and started.




Since the beginning of this year, the High-Tech Zone has seized the opportunity, taken strong measures, sought for projects and made breakthroughs in new infrastructure construction, actively implementing the layout closely around the three leading industries, precisely attracting investment and strengthening leading enterprises. The total investment scale of the new infrastructure projects that participated in the centralized signing and commencement ceremony this time is 11.285 billion yuan, involving 5G, artificial intelligence, data center, smart energy, smart transportation and other fields, which will inject new impetus into Wuhu to cultivate new drivers and promote high-quality economic development.




With this centralized signing and commencement ceremony as a new starting point, High-Tech Zone will further accelerate the speed of industrial layout and promote the development of emerging industries with new infrastructure. We will focus on building a microelectronics industry with distinctive features, a leading intelligent network automobile industry, and an information service industry centered on e-commerce digital economy, to build Yijiang District into a new infrastructure demonstration zone with core competitiveness in the Yangtze River delta region.




 Translated by Yuan Mengwen from Foreign Affairs Office of Wuhu Municipal People’s Government