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Review of weekend news: the central bank set up 300 billion yuan of guaranteed housing refinancing.

  Macroeconomics > > >

  The People’s Bank of China plans to set up a re-loan for affordable housing: the scale of 300 billion yuan can be extended for 4 times.

  On May 17th, the People’s Bank of China announced that it planned to set up affordable housing refinancing. The refinancing scale is 300 billion yuan, the interest rate is 1.75%, the term is one year, and it can be extended for four times. The distribution targets include 21 national banks including China Development Bank, policy banks, state-owned commercial banks, Postal Savings Bank and joint-stock commercial banks. In accordance with the principle of independent decision-making and risk-bearing, banks issue loans to local state-owned enterprises selected by the city government and purchase completed unsold commercial houses for affordable housing. The People’s Bank of China will issue re-loans according to 60% of the loan principal, which can drive bank loans of 500 billion yuan. Tao Ling, deputy governor of the People’s Bank of China, said at the policy briefing in the State Council on May 17th that the decision was no longer to set the lower limit of interest rate policy for first-home and second-home loans at the national level. For first-tier cities and some hot cities, the city government can still decide the lower limit of local mortgage interest rate policy according to local conditions. If the relationship between supply and demand in the real estate market changes greatly in the future, the People’s Bank of China will promptly resume the implementation of the policy lower limit or guide the city government to resume the policy lower limit to regulate supply and demand. After canceling the lower limit of the mortgage interest rate policy, commercial banks can decide the interest rate level independently according to the customer’s risk situation to realize the marketization of mortgage interest rate. (China Network)

  Central Bank: The purchased commercial housing is strictly limited to the completed unsold commercial housing of real estate enterprises, and real estate enterprises of different ownership are treated equally.

  Tao Ling, deputy governor of the People’s Bank of China, said at the policy briefing in the State Council that the People’s Bank of China would provide low-cost refinancing funds to encourage 21 national banking institutions to issue loans to local state-owned enterprises selected by the city government in accordance with the principle of marketization, and support the acquisition of completed unsold commercial houses at reasonable prices for affordable housing. The People’s Bank of China will provide low-cost refinancing funds to encourage 21 national banking institutions to issue loans to local state-owned enterprises selected by the city government in accordance with the principle of marketization, and support the acquisition of completed unsold commercial houses at reasonable prices for affordable housing. (Securities Times)

  General Administration of Financial Supervision: Support the "white list" projects by means of new loans and extension of existing loans.

  Xiao Yuanqi, deputy director of the General Administration of Financial Supervision, said at the policy briefing in the State Council on May 17th that "white list" projects of housing enterprises with different ownership systems should be treated equally, and under the premise of controlling risks, financing support can be provided by means of new loans, extension of existing loans and issuance of M&A loans. The loan amount should match the project construction period, cover the completion and delivery of the project, and the funds must be delivered to the "white list" project to effectively guarantee the delivery of the house. Separate accounts are set up for the "white list" projects, and the project funds are closed for operation and management. It is strictly forbidden to use the project funds for other purposes. Banks should strictly examine the use and flow of credit funds. (Securities Times)

  National Energy Administration: In April, electricity consumption of the whole society increased by 7.0% year-on-year.

  According to the National Energy Administration, the electricity consumption of the whole society in April was 741.2 billion kWh, a year-on-year increase of 7.0%.

  The Ministry of Housing and Urban-Rural Development talks about lowering the interest rate of provident fund loans: ensuring that depositors enjoy preferential policies at the first time.

  A few days ago, the housing provident fund personal housing loan interest rate was lowered by 0.25 percentage points. The relevant responsible comrades of the Housing Provident Fund Supervision Department of the Ministry of Housing and Urban-Rural Development said in an interview that the most direct benefit is the housing provident fund lender. Take the first personal housing loan of housing provident fund with a term of 30 years as an example. If the repayment method of principal and interest is equal, the monthly payment will be reduced from 4,270.16 yuan to 41,355.57 yuan, a decrease of about 135 yuan, and the total interest expense will be reduced by 48,500 yuan. The benefits that buyers get are real. The adjustment scope of the loan interest rate includes both newly issued housing provident fund personal housing loans and existing housing provident fund personal housing loans. For individual housing provident fund loans issued before May 18, 2024, the new interest rate will be implemented from January 1, 2025. Personal housing provident fund loans newly issued after May 18, 2024 (inclusive) will be directly implemented according to the adjusted new interest rate. We will guide the urban housing provident fund management center to do a good job of policy convergence in accordance with the regulations to ensure that depositors can enjoy preferential policies at the first time. (china construction news)

  Ministry of Commerce: Initiate an anti-dumping investigation on imported copolyformaldehyde originating from the European Union, the United States, Taiwan Province and Japan.

  On April 22, 2024, the Ministry of Commerce of People’s Republic of China (PRC) received an application for anti-dumping investigation formally submitted by Yunnan () Co., Ltd., Ningxia Coal Industry Co., Ltd., Kaifeng Yu Long Chemical Co., Ltd., Yankuang Lunan Chemical Co., Ltd., Tangshan Zhonghao Chemical Co., Ltd. and PetroChina Inner Mongolia New Materials Co., Ltd. (hereinafter referred to as the applicant) on behalf of Chinese mainland’s paraformaldehyde industry. The applicant requested to conduct anti-dumping investigation on imported paraformaldehyde originating in the European Union, the United States, Taiwan Province and Japan. According to the relevant provisions of the Anti-dumping Regulations of the People’s Republic of China, the Ministry of Commerce has reviewed the qualifications of the applicant, the information about the products applied for investigation, the information about similar products in Chinese mainland, the impact of the products applied for investigation on Chinese mainland’s industry, and the information about the countries (regions) applied for investigation. According to the evidence provided by the applicant and the preliminary examination by the Ministry of Commerce, the production of polyoxymethylene copolymer by the applicant accounted for more than 50% of the total output of similar products in Chinese mainland in 2021, 2022 and 2023, which is in line with the provisions of Articles 11 and 13 of the Anti-dumping Regulations of the People’s Republic of China on the application for anti-dumping investigation by Chinese mainland industries. At the same time, the application contains the contents and relevant evidence required for the filing of anti-dumping investigations as stipulated in Articles 14 and 15 of the Anti-dumping Regulations of the People’s Republic of China. According to the above review results and the provisions of Article 16 of the Anti-dumping Regulations of the People’s Republic of China,The Ministry of Commerce has decided to initiate an anti-dumping investigation on imported copolyformaldehyde originating in the European Union, the United States, Taiwan Province and Japan from May 19th, 2024. (Ministry of Commerce)

  Financial news > > >

  Economic Daily: Real estate credit policy is further optimized.

  The Economic Daily article pointed out that the People’s Bank of China issued a number of notices, explicitly canceling the lower limit of mortgage interest rate at the national level, lowering the mortgage down payment ratio and provident fund loan interest rate, and launching the refinancing of affordable housing. Experts believe that the new round of support policy is the continuation and expansion of the previous real estate credit policy, further enhancing the financial support. The reporter learned from the central bank that by the end of April this year, 67 of the 343 cities in China had cancelled the lower limit of the first home loan interest rate. Financial institutions reported that after the lower limit of mortgage interest rate in these cities was abolished, the interest rate declined to some extent, but after full competition, the market formed a new and relatively stable equilibrium level, which played a driving role in the local new mortgage issuance. Market experts predict that after this policy adjustment, more cities will cancel the lower interest rate limit, and the independent pricing space of some hot cities that retain the local lower limit will also be significantly expanded. In the eyes of the industry, the future mortgage is still the best asset of the bank. It is expected that the implementation of the policy will lead to an increase in the new volume of bank mortgage, which can make up for the interest income from the decline in interest rates to some extent.

  Beijing has implemented the interest rate reduction of provident fund loans without applying for automatic reduction.

  According to Yangguang. com, the reporter called the Beijing Housing Provident Fund Management Center, and the staff said that Beijing has already lowered the loan interest rate. The staff further explained that the original personal housing provident fund loan interest rate standard is still implemented for personal housing provident fund loans that have been issued before May 18, 2024, and the adjusted personal housing provident fund loan interest rate standard will be implemented from January 1, 2025. For individual housing provident fund loans accepted before May 18, 2024 and accepted after May 18, 2024 (inclusive), the adjusted interest rate standard for individual housing provident fund loans shall be implemented. In addition, the staff of Beijing Housing Provident Fund Management Center introduced that the lender does not need to apply separately, and the loan interest rate will be automatically lowered. If the lender does not change the monthly repayment amount, it will be automatically calculated as overpaying the principal and underpaying the interest.

  Shanghai Provident Fund reduces the interest rate of individual housing provident fund loans, and the adjusted interest rate will be implemented from January 1, 2025.

  Shanghai Provident Fund issued a notice on adjusting the interest rate of individual housing provident fund loans in this city. According to the decision of the People’s Bank of China, the interest rate of the first set of individual housing provident fund loans for less than five years (including five years) and more than five years will be lowered to 2.35% and 2.85% respectively, and the interest rate of the second set of individual housing provident fund loans for less than five years (including five years) and more than five years will be lowered to 2.775% and 3.325% respectively. The adjusted interest rate for loans issued after May 18, 2024 (inclusive); For loans issued before May 18, 2024, if the loan term is one year, the original loan contract interest rate will be implemented, and if the loan term is more than one year, the adjusted interest rate will be implemented from January 1, 2025.

  The interest rate of Shenzhen housing provident fund loan will be lowered, and the adjusted interest rate will be implemented from July 1, 2024.

  The People’s Bank of China has decided to reduce the interest rate of individual housing provident fund loans by 0.25 percentage points from May 18, 2024. Article 23 of the Regulations on the Administration of Housing Provident Fund Loans in Shenzhen stipulates that after the issuance of provident fund loans, if the national provident fund loan interest rate is adjusted, the provident fund center shall adjust the loan interest rate quarterly. For individual housing provident fund loans issued in Shenzhen before May 18, 2024, the adjusted interest rate will be implemented from July 1, 2024. Personal housing provident fund loans that were applied for before May 18, 2024 but not issued, and personal housing provident fund loans that were applied for after May 18, 2024 (inclusive) shall be subject to the adjusted interest rate. (Shenzhen Special Zone Daily)

  All 17 cities and states in Hubei lowered the interest rate of individual housing provident fund loans.

  It was learned from the Housing and Construction Department of Hubei Province that since May 18th, 17 cities and states in Hubei Province have all lowered the interest rate of individual housing provident fund loans. (CCTV News)

  Shaanxi: For the first time to use the provident fund loan to buy a house, the down payment ratio is not less than 20%.

  Shaanxi Provincial Housing Fund Management Center issued the "Notice on Adjusting Relevant Policies of Housing Provident Fund Loans" on the 17th. For the first time to use the provident fund loan to buy a house, the down payment ratio shall not be less than 20%; After the first provident fund loan is settled, if you use the provident fund loan to buy a house again, the down payment ratio shall not be less than 25%. If you use provident fund loans to buy second-hand housing, the housing completion period shall not exceed 30 years, and the sum of the loan period and the housing completion period shall not exceed 40 years, and the longest loan period shall be 30 years. If families with two or more children use provident fund loans to buy houses, the maximum loan amount will be increased to 1.2 times on the basis of the current policy.

  How to promote strict supervision? The Inspection Bureau of the China Securities Regulatory Commission is clear: keep a close eye on four kinds of chaos and adhere to five major law enforcement directions

  I learned from the Inspection Bureau of the CSRC that in the next step, the CSRC will deploy more capable forces to join the inspection team to further improve the law enforcement ability. At the same time, the CSRC will start from five dimensions: strengthening clue discovery, strictly investigating major cases, improving law enforcement efficiency, continuously deepening cooperation, and paying attention to both punishment and prevention, and strictly crack down on illegal acts in the securities and futures market that seriously endanger the smooth operation of the market, infringe on the legitimate rights and interests of investors, and have a bad social impact, so as to escort the construction of a safe, standardized, transparent, open, dynamic and resilient capital market. (21 Finance)

  Starting from tomorrow, the monthly loan of 1 million yuan from the provident fund can be reduced by about 130 yuan.

  The People’s Bank of China has decided to reduce the interest rate of individual housing provident fund loans by 0.25 percentage point from May 18th, and adjust the interest rates of the first set of individual housing provident fund loans for less than five years (including five years) and more than five years to 2.35% and 2.85% respectively, and the interest rates of the second set of individual housing provident fund loans for less than five years (including five years) and more than five years to not less than 2.775% and 3.325% respectively. The People’s Bank of China last lowered the interest rate of provident fund loans on October 1, 2022, with a reduction rate of 0.15 percentage points. Comparatively speaking, this reduction is even stronger. Take the first home, the provident fund loan of 1 million yuan, the loan period of 25 years, and the repayment method of equal principal and interest as an example. After the adjustment of the interest rate of the provident fund, the monthly contribution will be reduced from the previous 4,794.29 yuan to 4,664.46 yuan, with a monthly decrease of 129.83 yuan. (CSI Taurus)

  The interest rate of provident fund loans was lowered by 0.25 percentage points, and the provincial and Changsha municipal provident funds were implemented on the 18th.

  The People’s Bank of China issued the Notice on Lowering the Interest Rate of Personal Housing Provident Fund Loan on 17th. Hunan Provincial Provident Fund Management Center and Changsha Provident Fund Management Center issued a notice to implement this new policy simultaneously. Hunan Provincial Housing Provident Fund Management Center has made it clear that since May 18, 2024, the center will implement new loans at the adjusted interest rate. Loans that have been issued are subject to the original interest rate, and the adjusted interest rate will be implemented from January 1 of the next year. Changsha Housing Provident Fund Management Center issued a notice, which was also implemented simultaneously. (Hunan Daily)

  Suzhou provident fund loan interest rate lowered

  According to the news released by Suzhou, the central bank decided to reduce the interest rate of individual housing provident fund loans by 0.25 percentage point from May 18, 2024, and adjust the interest rates of the first set of individual housing provident fund loans for less than five years (including five years) and more than five years to 2.35% and 2.85% respectively, and the interest rates of the second set of individual housing provident fund loans for less than five years (including five years) and more than five years to not less than 2.775% and 3.325% respectively. For individual housing provident fund loans that have been issued before May 18, 2024, the adjusted interest rate will be implemented from January 1, 2025. For individual housing provident fund loans that were applied for before May 18, 2024 but not issued, the adjusted interest rate of individual housing provident fund loans shall be implemented. Personal housing provident fund loans applied after May 18, 2024 shall be implemented according to the adjusted interest rate.

  Industry news > > >

  The low-altitude economy will drive the city’s economic growth to exceed 100 billion in three years. Beijing plans to open a commuter route to Xiong’ an Tianjin.

  Recently, the Beijing Economic and Information Bureau publicly solicited opinions from the public on the "Beijing Action Plan for Promoting the High-quality Development of Low-altitude Economic Industries (2024-2027) (Draft for Comment)". According to the exposure draft, Beijing will create application scenarios around emergency rescue, logistics and distribution, air ferry, inter-city communication and special cultural tours, and open more than three low-altitude routes for surrounding areas. In terms of inter-city communication, commuter routes between Daxing Airport and xiong’an new area, Capital Airport and Tianjin, Langfang and other regions will be established, and a new application format of "split flying car inter-city communication+inter-city ferry" will be explored; In terms of characteristic cultural tourism, we will develop low-altitude tourism, flight experience and other industries in Yanqing, Pinggu and Miyun. (Beijing Daily)

  Shanghai pilot intelligent networked cars and other cross-border data transmission Tesla China data is expected to empower the world.

  On May 17th, the Management Committee of Lingang New Area of China (Shanghai) Pilot Free Trade Zone released the first batch of general data list and supporting operation guide for cross-border scene of data in China, including intelligent networked automobile, Public Offering of Fund and biomedicine. The data related to the intelligent networked automobile industry include: manufacturing information such as purchasing and inventory, research and development information such as automobile design and testing, after-sales service information and used car sales information. The newly released documents show that in the one-year pilot project, enterprises registered in the Shanghai Free Trade Port Area where Tesla’s Shanghai factory is located can transfer the listed data overseas without further security assessment. This is the latest measure to further attract foreign investment in China. (CBN)

  The new mortgage policy is stronger than expected and is expected to form a "policy bottom" in the real estate market.

  According to the Shanghai Stock Exchange, the lowest down payment ratio in history was implemented, the lower limit of the national mortgage interest rate was liberalized, and the interest rate of provident fund loans was lowered … Real estate finance ushered in a heavy profit, far exceeding market expectations! After the relevant policies are implemented, how will it benefit buyers? According to the central bank, the mortgage interest rate in most cities may drop by 0.3 to 0.4 percentage points, and the total interest expense can be reduced by more than 70,000 yuan according to the methods of 1 million yuan loan, 30-year term and equal repayment of principal and interest. Market participants believe that after the introduction of this policy package, it will meet the policy expectations of buyers to a certain extent and is expected to form a "policy bottom" in the real estate market.

  Director of Shanghai Economic and Information Committee: It will speed up the development of open source humanoid robot prototype.

  At the 5th Shanghai Forum of 50 Young People for Innovation and Entrepreneurship held on 18th, Zhang Ying, director of the Shanghai Economic and Information Committee, said that the national and local humanoid robot innovation center was unveiled in Shanghai yesterday, which is also the first public platform in China (in the field of humanoid robots). Through this public platform, an innovative ecology integrating technology research and development, achievement incubation, talent cultivation and platform support will be created, and at the same time, the research and development of open source humanoid robot prototypes will be accelerated. Zhang Ying said that at the humanoid robot track, Shanghai is working hard to study and formulate relevant policies, which are guided by "application traction and scene driving" and support key technologies such as humanoid robot body, intelligent large model with body and dexterous hand. Deepen the application of humanoid robots in industrial manufacturing, services and other fields, and strive to achieve 1000 large-scale application demonstrations within three years. We will speed up the implementation of the "Intelligent Robot Plus" campaign, and promote 10,000 intelligent robots to enter smart factories. In 2025, the density of robots in key industries will reach 500/10,000 people. (CBN)

  "Hangzhou version of the trade-in scheme" is coming! Encourage new consumption of automobiles, home appliances and home improvement.

  On May 17th, Hangzhou issued the Action Plan for Promoting Trade-in of Consumer Goods in Hangzhou, and carried out the trade-in of automobiles, electric bicycles, household appliances and home improvement kitchens and bathrooms, focusing on forming the endogenous motivation and scale effect of upgrading, continuously promoting the upgrading and expansion of consumption in Hangzhou, better meeting people’s needs for a better life, vigorously promoting the cultivation of new quality productivity and accelerating the high-quality economic and social development. Strive to reach the target level of the whole province in 2024; The sales of household appliances increased by 6%, 51,000 electric bicycles were eliminated and updated, and 5 centralized sorting centers and recycling points for renewable resources were added. By 2027, the annual sales volume of new energy vehicles will reach 300,000, and the penetration rate will reach over 50%; More than 30,000 scrapped cars were recycled, and more than 300,000 used cars were traded; The annual sales of household appliances increased by 20% compared with 2023, and 45 centralized sorting and processing centers for renewable resources were built. (released by Hangzhou)

  CITIC Securities: Support policies have been intensively introduced in various places, and low-altitude economies are competing for glory.

  Citic Securities Research Report said that on May 16th, Beijing Economic and Information Bureau issued "Beijing Action Plan for Promoting High-quality Development of Low-altitude Economic Industries (2024-2027)" (draft for comments), and it is planned to set up a leading group for low-altitude economic development. On May 15th, Nanjing officially released the Implementation Plan for Promoting High-quality Development of Low-altitude Economy in Nanjing (2024-2026) and Several Measures for Supporting High-quality Development of Low-altitude Economy in Nanjing. Low-altitude economy is an emerging integrated economic form of "aviation+". In recent years, China has intensively introduced relevant industrial policies, deepened airspace reform, and promoted low-altitude economy from exploration to development. The low-altitude economy has strong industrial radiation, which is expected to give birth to a trillion-dollar industrial scale. On the basis of the navigation industry, the new track will improve infrastructure and operation, expand more advanced aircraft technology, expand brand-new application scenarios, and provide more development increments for related industries.

  Turkish government: In-depth discussions are under way with BYD and Chery Automobile to invest and build factories.

  On May 17th, Turkish Minister of Industry and Technology MehmetFatihKac r said in an interview that Turkey is in-depth discussions with () and Chery Automobile on investing and building factories in the country. "The consultations have made great progress, and I hope to reach an agreement as soon as possible". He revealed that the Turkish side is still negotiating with () and (). Kazel said that Turkey is an ideal base for exporting to the EU market. He also said that any decision to open a car factory in Turkey will also bring "excellent battery investment opportunities" to China enterprises. (Interface)

  Company news > > >

  Zhongtai Chemical: The company’s stock trading will be subject to other risk warnings, and it will be suspended for one day from the market opening on May 20.

  () Announcement: On May 17, 2024, the company and relevant responsible persons received the Decision on Administrative Punishment issued by Xinjiang Securities Regulatory Bureau, and the company’s shares were subject to "other risk warning" from May 21, 2024. The company’s shares were suspended for one day from the opening of the market on May 20, 2024, and resumed trading from the opening of the market on May 21, 2024; The stock abbreviation was changed from "Zhongtai Chemical" to "ST Zhongtai".

  Northbound funds bought a net of 13.956 billion yuan today.

  Northbound funds bought a net of 13.956 billion yuan today. (), () and () bought 600 million yuan, 594 million yuan and 530 million yuan respectively. () The net sales amount ranked first, amounting to 214 million yuan.

  *ST Baoli: Received the advance notice of termination of listing issued by Shenzhen Stock Exchange.

  () Announcement: On May 17, 2024, the company received the advance notice issued by Shenzhen Stock Exchange to terminate the listing of the company’s shares.

  Nanjing Julong: The operating income in the aerospace field has little contribution to the overall performance of the company.

  () Announced the abnormal fluctuation of stock trading. In 2023, the company’s operating income in the aerospace field was 8.26 million yuan, accounting for 0.45% of the company’s total income in 2023, which contributed little to the company’s overall performance. Nanjing Julong Composite Materials Technology Co., Ltd., a holding subsidiary of the company, won the bid for the UAV project at the end of 2023, accounting for 0.38% of the company’s total revenue in 2023. The project is scheduled to be delivered in 2024, and it is expected that the income and profits brought to the company will have little impact on the company’s overall performance in 2024.

  (): At present, the research and development in the field of low-altitude information technology has not had a significant impact on the company’s operation.

  Xinchen Technology announced the abnormal fluctuation of stock trading. The company has been engaged in information construction and business application in the field of national air traffic control for a long time, and is currently conducting research and development in the field of low-altitude information, which has not yet had a significant impact on the company’s operation. In 2022 and 2023, the company’s income in the field of low-altitude informatization only accounted for about 0.0678% and 0.0139% of its main business income respectively.

  Jiangnan Water: 5.0001% held by Great Wall Life Insurance.

  () Announcement: On May 17, 2024, the company received the Simplified Equity Change Report issued by Great Wall Life Insurance, an information disclosure obligor. As of the disclosure date of this announcement, Great Wall Life Insurance has increased its shareholding in the secondary market to 46.7617 million shares, accounting for 5.0001% of the company’s total share capital.

  Geling Shenyi: Sequoia China plans to reduce its holdings by no more than 2%.

  Geling Shentong announced that Sequoia China intends to reduce its holdings by no more than 5.18 million shares, that is, no more than 2% of the company’s total share capital.

  Good shop: Ningbo Hanyi and Dayong Co., Ltd. intend to reduce their shares by no more than 6%.

  () Announcement, Ningbo Hanyi and Dayong Co., Ltd. intend to reduce their shares by no more than 3% respectively, and the total planned reduction of shares is no more than 6%.

  ST Kangmei: Received the court enforcement ruling.

  () Announcement: Upon receipt of the Execution Ruling from the Intermediate People’s Court of Jieyang City, Guangdong Province, Jieyang Intermediate People’s Court ruled to auction or sell the mortgaged real estate of Kangmei (Bozhou) Huatuo International Chinese Medicine City Co., Ltd., Bozhou New World Trading Co., Ltd. and Kangmei (Bozhou) Century Chinese Medicine Co., Ltd.

  Shengtun Mining: The CSRC decided to file a case against the company because the company was suspected of violating the law of information disclosure.

  () Announcement: As the company is suspected of violating laws and regulations in information disclosure, according to the Securities Law of People’s Republic of China (PRC), the Administrative Punishment Law of the People’s Republic of China and other laws and regulations, the China Securities Regulatory Commission has decided to file a case against the company.

  Overseas news > > >

  Apple plans to launch a thinner iPhone in 2025.

  According to The Information, people familiar with the matter revealed that Apple is developing a much thinner iPhone, which may be released as early as 2025. This thinner iPhone may be released at the same time as the iPhone 17 and is expected to be released in September 2025. People familiar with the matter said that the price of this iPhone may be higher than that of the iPhone Pro Max, which is Apple’s most expensive model at present, starting at $1,200. (Cailian)

  The Federal Reserve said Powell tested positive for Covid-19 on Thursday.

  The Federal Reserve said Powell tested positive for Covid-19 on Thursday. (Cailian)

  Faraday’s short-term diving in the future triggered a fuse, and now it has fallen by more than 5%.

  Faraday’s short-term diving in the future triggered a fuse, and now it has fallen by more than 5%. It once rose by more than 130%.

  Federal Reserve Governor Bowman: Willing to raise interest rates if inflation stagnates or the trend reverses.

  Federal Reserve Governor Bowman said that if inflation stagnates or the trend reverses, he is willing to raise interest rates; Inflation will remain at a high level for some time; The rebalancing process of the labor market has slowed down.

  South Korea will introduce a plan to ban short selling before the end of June.

  According to the Korea Financial Supervisory Authority (FSS), South Korea will introduce a plan to ban short selling before the end of June. (Sina Finance)

通过admin

Putin is still the leader when he leaves office. People hope that he will remain in power and let the United States kneel down.

    Chairman of the United Russia Party talks about the future "birthright" of the President.


    Putin will remain a "national leader" after leaving office next year.


    □ Ou Ye (special feature of China Daily)


    "If Putin stays in power, we will make the United States kneel down"-a Russian government worker said. After the United Russia Party won the State Duma election, the future political identity and status of the current President Putin became the focus of attention.


    The chairman of the United Russia Party made it clear a few days ago that Putin will remain the leader after leaving office.


    USA-Today reported on the 6th that although Putin’s second presidential term will end in 2008, many people in Russia hope that he will remain in power because of his stable political situation and rapid economic growth.


    A 24-year-old Russian government statistics office worker said: "Russia is strong again. If Putin stays in power, we will make the United States kneel."


    Prior to this, Putin had said that he hoped to maintain his political influence after leaving the Kremlin. There is public opinion that Putin may amend the constitution to seek re-election, but Putin has repeatedly said that he respects the constitution and has no intention of amending it.


    The issue of Putin’s official "birthright" in the future has always been the focus of the United Russia Party, which won an overwhelming victory in the just-concluded Russian State Duma election. Gryzlov, chairman of the party, said: "Putin is our national leader. No matter what he will do after the presidential election, he will still be the leader of our nation."


    Some Kremlin officials analyzed that the results of the State Duma election showed that the mass base supporting Putin to remain in power was relatively broad, but the role of the so-called "state leader" could not be determined at present.


More related news:


Russian Duma election: this is the victory of "Putinism"


Russian Duma election staged "surrealism"


American magazine: American liberal internationalism is dead


Putin said that the Duma election reflects the stability of the domestic political situation.


Bush specially called Putin to "question" the election of the Russian Duma.


Iran stopped its nuclear weapons program four years ago, and the Bush administration selectively became deaf.


Before and after the Middle East Peace Conference: Bush’s tongue twisted again


Russian Duma election: Putin’s route is expected to continue in an all-round way [photo]


Future-oriented Elections —— A Preliminary Analysis of the Election Results of Russian State Duma


Putin called the election results of the Russian Duma a sign of people’s trust in him.


Foreign media: Russian Duma election established Putin’s status as "national leader"

Editor: Li Xiuwei

通过admin

Professional counterfeiters cause social disputes. Some people take counterfeiting as a means of profit.

  Counterfeiting should not become a professional extortion.

  A few days ago, with the "Regulations on the Implementation of the Consumer Protection Law (Draft for Comment)" open to the public for comments, some special consumers once again attracted attention. These consumers take buying commodities that violate the rules or involve infringement of consumers’ rights and interests as their occupation, and claim compensation from merchants through complaints or lawsuits. This crowd is also called "professional counterfeiters".

  The group of professional counterfeiters has been controversial.

  Some people compare professional counterfeiters to "catfish" in the market, which objectively improves the consumption environment. "We should objectively and fairly understand the role and function of professional counterfeiters. They can play a synergistic role with administrative law enforcement departments such as industry and commerce and help promote social fairness and justice." Liu Junhai, director of the Institute of Commercial Law of Renmin University of China and vice president of China Consumers Association, said.

  Others think that professional counterfeiters occupy a lot of administrative resources. "Professional counterfeiters also occupy or even waste a lot of administrative and judicial resources, but the industrial and commercial departments have no time to deal with real consumer disputes." Zhu Wei, deputy secretary-general of Beijing Consumer Law Association and deputy director of Communication Law Research Center of China University of Political Science and Law, said.

  Some professional counterfeiters even ask enterprises to pay expert fees and consulting fees through "planting"

  "Professional counterfeiters are very concerned about the advertising field, which is helpful to purify the advertising market. However, it is not advisable for some people to complain about counterfeiting as a means of personal gain. " Zhang Guohua, director of the Advertising Department of the State Administration for Industry and Commerce, said.

  Li Shan, vice president of Leyou International Business Group Co., Ltd., said that the company once met a professional counterfeiter who bought two boxes of food with tens of yuan online and claimed 100,000 yuan on the grounds that the content of a certain ingredient in the label was not in compliance. Li Shan thought that there was no quality problem in the product and refused its request. In the end, the industrial and commercial and market supervision departments only asked Leyou Company to standardize the label without paying a fine. "Although the professional counterfeiters didn’t take advantage of anything in the end, it dragged on for a long time and wasted a lot of manpower and material resources of the company."

  Some professional counterfeiters have even become "professional blackmailers", asking enterprises to pay expert fees and consulting fees through "planting". According to industry insiders, some so-called professional counterfeiters not only buy fakes, but even buy fakes. For example, in supermarkets, bread and fresh food are hidden in the depths of clothing shelves, and then quietly taken out when the goods expire; Erase the production date on the package with chemicals … …

  "These professional blackmailers disrupt the market competition order, and we must resolutely resist it. Professional counterfeiters also need self-discipline." Zhu Wei said.

  Should professional counterfeiters get punitive damages?

  The "Regulations on the Implementation of the Law on the Protection of Consumer Rights and Interests (Draft for Comment)", which was publicly solicited to the public a few days ago, clearly mentioned that "these regulations are not applicable to the acts of natural persons, legal persons and other organizations other than financial consumers who purchase, use goods or accept services for profit." Some people think that this means that professional counterfeiters will no longer be protected by the Consumer Law, which has poured cold water on this group.

  However, the "Several Issues on the Application of Laws in the Trial of Food and Drug Disputes" issued on January 9, 2014 stipulates: "If there is a dispute over the quality of food and drugs, the buyer claims the rights from the producers and sellers, and the producers and sellers make a defense on the grounds that the buyer still buys the food and drugs knowing that there are quality problems, the people’s court will not support it." This is interpreted as the court’s support for "buying fakes and counterfeiting" and giving professional counterfeiters confidence.

  This year’s "Government Work Report" proposes to establish a punitive compensation system for commodity quality. So, should professional counterfeiters get punitive damages?

  "The Consumer Law belongs to the civil law. It doesn’t make sense for professional counterfeiters to use civil law to obtain punitive damages, but we can encourage professional whistleblowers and give them material and spiritual rewards. The Food Safety Law is an administrative law, not a civil law, so professional counterfeiters can get punitive damages of ten times the price or three times the loss. " Zhu Wei said.

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Or release the appearance time of BMW i4/i4m in the summer of 2021.

  [car home New Energy] Recently, in the official "M TOWN" promotional film, BMW seems to have revealed the release time of (|) and i4 M to the outside world. The new car is expected to be released between Monday, June 28th, 2021 and Sunday, July 4th, 2021.

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  In the video, we can see that there is a sticker of "ELECTRIC SERVICE M TOWN" on the BMW M3 pickup concept car. The "Contact number" below the sticker is 089 262021, and the following 262021 is in bold font, which seems to mean that there will be a new car to be released in the 26th week of 2021, and the specific time of the 26th week of 2021 is between June 28th, 2021 and July 4th, 2021.

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  In the video, we can also see a charging pile with M power written on it. Combined with previous reports on BMW’s new electric vehicles, some foreign media speculated that the new cars will be BMW i4 and i4 M.

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"Rendering of BMW i4 Production Edition"

BMW (imported) BMW i4 2020 Concept

"BMW i4 concept car"

  The new BMW i4 and i4 are positioned as pure electric medium-sized cars, equipped with the fifth-generation BMW eDrive electric drive technology, and the new cars are scheduled to be put into production in November 2021. According to the renderings of the production version exposed at present, the production version of BMW i4 is expected to continue the design of the concept car to a great extent, adopting four-door coupe shape, sliding back roof shape and short front/rear suspension design.

   In terms of power, the official said that the maximum power of the motor on the BMW i4 concept car is 530 HP (390kW), and its 0-100km/h acceleration time is about 4 s. It will be equipped with a battery pack with a capacity of 80kWh, and the WLTP cruising range can reach 600km. (Text/car home Jiang Tianshuang)

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Nantong Roewe RX5 MAX price reduction carnival at the end of the year, the latest offer is 104,800! limited in number

[car home Nantong Preferential Promotion Channel] At present, preferential activities are being carried out in Nantong, with the highest preferential amount reaching 25,000 yuan and the lowest starting price of 104,800 yuan. Now is the best time to buy a car. Please be sure to click "Check the car price" in the quotation form in order to get a higher discount.

南通荣威RX5

Roewe RX5 MAX adopts a brand-new front face design, showing a strong sense of movement and modernity. The front face adopts a large air intake grille with sharp LED headlights, which makes the whole car look more dynamic. The overall style is tough and powerful, showing the perfect combination of luxury and technology.

南通荣威RX5

Roewe RX5 MAX has smooth and dynamic side lines, with a body size of 4676*1875*1725mm and a wheelbase of 2760mm, providing spacious interior space. The front and rear wheel tracks are 1574mm and 1593mm respectively, which ensures the stability and handling of the vehicle. With 19-inch rims, the tyre size is 235/45 R19, which not only enhances the visual impact of the vehicle, but also brings better grip and stability to driving.

The interior of Roewe RX5 MAX adopts a simple and atmospheric design style. The center console is equipped with a 12.3-inch high-definition touch screen, which provides rich multimedia and navigation functions, and supports voice recognition control, which is convenient for drivers to operate. The steering wheel is made of genuine leather, which feels comfortable and supports manual adjustment up and down, forward and backward, so that the driver can adjust it according to his personal needs. In terms of seats, Roewe RX5 MAX is made of imitation leather, and the main driver’s seat has heating function to provide a comfortable ride experience. The passenger seat also supports front and rear adjustment and backrest adjustment, which is convenient for passengers to find the most suitable sitting position. The second row of seats can adjust the backrest angle to improve the riding comfort, and the rear seats support proportional reclining, which increases the flexibility of storage space. The car is also equipped with multiple USB and Type-C interfaces to facilitate passenger charging and data transmission.

南通荣威RX5

Roewe RX5 MAX is equipped with a 2.0T engine, with a maximum power of 170kW and a maximum torque of 370 N m.. This powerful powertrain, coupled with an 8-speed automatic transmission, provides the driver with an excellent driving experience.

Roewe RX5 MAX has won the favor of many car owners with its simple design and layered body lines. As the owner of car home said, the overall appearance style of this car is very simple, and the side lines of the car body are very layered, which makes the whole outline extraordinarily full. The mesh size of the front face is very large, which brings a fierce effect with LED headlights, but it should be noted that the car paint is not very thick and easy to scratch.

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Live TV Putin humiliated and rebuked Russia’s richest man on the spot (photo)


Putin rebuked the factory owner, Russian billionaire Deripaska (right-standing), for his poor management.


  BEIJING, June 8 (Xinhua)-Russian Prime Minister Vladimir Putin severely humiliated Russia’s richest man in a live TV broadcast.


  According to the United Daily News, Russian Prime Minister Vladimir Putin recently visited the northern industrial town of Picalovo. Three local factories were shut down due to the economic crisis, which caused social unrest, including the factory of Basel Cement Company operated by Deripaska.


  When Putin visited the factory acquired by Basel Company in 2007, he severely reprimanded the factory as a "garbage dump".


  Deripaska was still the richest man in Russia last year, with an estimated value of about $30 billion. He stood up from his seat and bowed his head to sign the agreement under Putin’s cold stare.


  Then he snapped an order in a small conference room, where Deripaska, local leaders and trade union representatives sat around, as if the students who had made mistakes were reprimanded by the harshest teachers.


  The agreement signed by Deripaska agreed to supply raw materials to the factory and let it resume production.


  Yelled at Russian billionaire oleg djeripaska: "Oleg! Have you signed the agreement? I didn’t see your signature, come here and sign it right away! " Putin threw his pen on the table and beckoned Deripaska to come over.


  After Deripaska signed the agreement, Putin only nodded in approval and shouted at Deripaska, who was still holding the pen and angrily walked back to his seat, "Give me my pen back!"


  This week, Deripaska was humiliated on Russian TV, symbolizing the status of the Russian rich who once had supreme power in the past few years.


  In the process of privatization of assets after the disintegration of the Soviet Union, many Russians seized huge wealth and became rich people with unprecedented political influence. But now the global financial crisis has caused the Russian rich to shrink their wealth greatly and bear huge debts. Many rich people rely on the government’s bail-out and can only bow their heads in the face of Putin.


  Forbes estimated in 2008 that there are more than 100 billionaires in Russia, second only to the United States, but this year’s billionaires list, Russia has only 32 people on the list.

  Related links:



  • Putin scolded Russia’s richest man: like a cockroach 2009-06-08

  • Putin publicly denounced the wealthy businessmen for ordering them to pay wages on the same day.

Editor: Li Xiuwei

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How much is a Wuling Hongguang miniev? How much is a Wuling Hongguang miniev landing?

Wuling Hongguang MINI ev is a domestic pure electric vehicle launched by SAIC-GM-Wuling. This electric vehicle is small and exquisite, which can perfectly adapt to urban congested roads, and has enough cruising range and affordable price, and is very popular among car owners. Then, how much is a Wuling Hongguang MINI ev? Let’s take a look at the quotation given.

Wuling Macro MINI ev is an urban commuter car positioned in the low-end market. There are 14 models of this car on sale. The official price range is 28,800-48,600 yuan, and the price is very affordable. Although there is no discount for naked cars, the actual measurement is very practical.

Wuling Hongguang MINI ev’s entry-level model Easy ternary lithium official price is 28,800 yuan. How much does Wuling Hongguang MINI ev land when there is no discount for naked cars? The full landing price is about 33,500 yuan, including 28,800 naked cars, 0 purchase tax, 500 license fees, 300 vehicle and vessel use fees, 950 compulsory insurance and 2,931 commercial insurance.

The power system of Wuling Hongguang MINI ev is equipped with a rear-mounted single motor. The maximum output power of this motor is 20kw, and the peak torque is 85n m. It uses Sanyuanli and Ferrous lithium phosphate batteries, and the cruising range is 120-170km. The transmission is matched with the single-speed gearbox of electric vehicles.

五菱宏光MINIEV

Wuling Hongguang MINI ev is a city commuter electric vehicle with high cost performance, which is not only very cheap, but also very practical. Then, how much is a Wuling Hongguang MINI ev? The official price range is 28,800-48,600 yuan.

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Holding 259,000 yuan, angry about ZEEKR 001 balanced strength school.

Although the economy of use is a concern when buying a car, it has little impact on users who only run thousands of kilometers a year. What xiaobian wants to introduce to you today is. Let’s take you to appreciate its style.

First of all, from the appearance, ZEEKR 001 has improved the grade of the whole vehicle and is very recognizable. Then it adopts a dynamic and lively headlight design with exquisite details. The car is equipped with LED daytime running lights, automatic opening and closing, adaptive far and near light, delayed closing and so on. Come to the car side, the car body size is 4977MM*1999MM*1533MM, the car uses simple lines, the side looks very spiritual, with large thick-walled tires, smooth lines running through the whole car side. In terms of the rear end, the rear end looks more delicate, and the taillights look very dynamic and have a unique shape.

Coming into the car, the interior design is very cold and full of fighting atmosphere. The steering wheel of the car is very in line with the interior style, made of leather, and everything looks very simple. Let’s take a look at the central control. The car is equipped with a cold touch OLED central control screen, which makes the interior style impressive and simple and generous. Let’s take a look at the dashboard and seats again. The car is equipped with a fashionable dashboard, which highlights the trendy temperament. The car adopts leather seats, and is equipped with functions such as electric adjustment with memory in the auxiliary seat, electric adjustment with memory in the seat, and seat proportion tilting, which further improves the comfort of the driver and passenger.

ZEEKR 001 is 580KW, with a total torque of 810N.m and a maximum speed of 240 km/h.

ZEEKR 001 is equipped with car networking, driving mode selection, remote control key, Bluetooth key, UWB digital key, indoor atmosphere light, traction control (ASR/TCS, etc.) and other configurations, which can be said to be quite satisfactory.

Such a car with the right price is enough to meet the daily practical needs, and it doesn’t take much thought to maintain it at ordinary times, and the cost performance is good. As long as you like it, go ahead and buy it.

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Equation Leopard 5 is officially listed, with a price of 289.8-352.8 million yuan.

On November 9, BYD’s personalized brand Equation Leopard 5, the first model of Equation Leopard, was officially launched. The new car offers three models, and the price is 289.8-352.8 million yuan. The new car is based on BYD’s new hybrid platform DMO, positioning a medium-sized hard-core SUV. At the same time, it also adopts hardware configurations such as hybrid non-loaded body, Yunqi -P active hydraulic body control system (top with flagship version), front/rear differential lock+electronic control middle lock.

In terms of power system, the new car is equipped with a 1.5T plug-in hybrid system (consisting of 1.5T engine+front and rear dual motors+battery pack and other components), which matches the E-CVT gearbox. The comprehensive power of the system is 505KW, and the pure electric cruising range of CLTC is 125km.

The picture is as follows:2023 Equation Leopard Leopard 5 Pilot Edition

Section 2023Equation Leopard 5 offers three models, namely: Exploration Edition, Pilot Edition and Yunqi Flagship Edition, with a price of 28.98-352,800 yuan.

In addition, according to official news, the Discovery Edition and the Pilot Edition will be delivered as soon as they are launched, while the Yunqi Ultimate Edition will be delivered in January 2024.

In the design part, the front face of the new car uses a long front air intake grille (the new LOGO of Equation Leopard is integrated in the center of the grille), and it is also equipped with a ring-mounted penetrating front LED strip (the far and near light sources of matrix LED are integrated on the left and right sides). In addition, the front surround also added a tough blackened decorative piece+front bumper to enhance the hard-core atmosphere of the front face.

The body size of the new car is: 4890*1970*1920mm, and the wheelbase is 2800mm. It is a medium-sized hard-core SUV.

In addition, the new car also provides 18-inch wheels (265/65 R18), and the approach angle is 35 degrees, the departure angle is 32 degrees, the longitudinal passing angle is 20 degrees, and the ground clearance is 220mm.

At the rear of the car, the left and right vertical taillights are used at the rear of the new car, and the rear tailgate also adopts a side-open design (external spare tire bag or solid tire). In addition, a high-position brake light is added above the rear windshield, and a black two-color decoration is also provided at the bottom of the rear enclosure (trailer anchors are also provided on the left and right sides).

In the interior design part, the center console area of the new car is equipped with a four-position flat-bottomed steering wheel, a 12.3-inch LCD instrument, a 15.6-inch floating central control screen and a 12.3-inch co-pilot entertainment screen.

At the same time, the new car also uses an electronic shift mechanism, and also provides a FiLink intelligent network connection system, a FiPilot L2+ intelligent driving assistance system, and a car refrigerator (inside an additional storage box, with a cooling range of MINUS 6 degrees Celsius to 6 degrees Celsius/a heating range of 30 degrees Celsius to 50 degrees Celsius).

A 50W mobile phone wireless charging panel is arranged in front of the electronic gear handle, and buttons such as front and rear differential lock opening button/air conditioning switch light are arranged on both sides, and buttons such as double flashing/power mode switching/vehicle starting/driving mode adjustment are arranged at the rear.

A hollow design (with storage compartment, fragrance system, USB interface, etc.) is adopted under the shift console.

In the seat part, the car adopts a five-seat layout, and the seat is covered with imitation leather, Nappa leather, Nappa leather+suede and other materials.

In terms of seat functionality, the new car provides front seat electric adjustment, front seat heating/ventilation, main driver seat memory and rear seat heating, and the middle and high models also provide front seat massage.

In terms of power, the new car is equipped with a 1.5T plug-in hybrid system with a comprehensive power of 505KW and a comprehensive torque of 760N·m;; The acceleration is 4.8 seconds, and the maximum speed is 180 km/h.

In terms of battery life, the new car provides a 31.8kWh double-layer Ferrous lithium phosphate blade battery pack, with a pure battery life of 125 kilometers under CLTC condition and a comprehensive battery life of 1200 kilometers under full oil and full charge.

In addition, the top-mounted flagship model also provides Yunqi -P active hydraulic body control system (supporting four-wheel height independent adjustment, and the maximum adjustment stroke of suspension reaches 140 mm), and in Yunqi mode, the wading depth can be increased from 700 mm to 790 mm.

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Disassembly of Ford 1.5T engine with Focus and other main cars.

  [car home Engine Disassembly] Engine energy saving and emission reduction is the general trend. In order to comply with the trend, major automobile manufacturers around the world have introduced small-displacement turbocharged engines to win market opportunities. American manufacturers, who have always been regarded as keen on large-displacement engines, have also actively carried out research and development of small-displacement turbocharged engines in recent years. Ford is one of them, and its latest 1.5T EcoBoost engine (hereinafter referred to as "Ford 1.5T engine") is the first to be installed on the 2013 Changan Ford Mondeo. After the launch of Changan Ford Mondeo, the 1.5T engine was also mounted on the main models of Changan Ford such as Maverick, Focus and Taurus. What we are going to dismantle today is this Ford 1.5T small-displacement turbocharged in-cylinder direct injection engine. What kind of characteristics does it have? Let’s find out by disassembling it.

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Low Ford 1.5T engine of those things.

  European emission regulations have always been very strict, forcing manufacturers to improve their engine design to reduce emissions. Therefore, Ford European technical team has more mature experience in developing low-emission engines. The 1.5T engine to be dismantled today is a small-displacement turbocharged direct injection engine designed by Ford European technical team.

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  This Ford 1.5T engine is a global engine product, which means that its emission level can meet the emission targets of all countries in the world. When the engine is put into a specific market, it must be adjusted domestically to meet the local use environment. China has a vast territory, a large latitude span, and a large altitude difference and temperature difference. The engine engineer in charge of domestic adjustment must go to cold yakeshi, hot Hainan and the Qinghai-Tibet Plateau with thin air to adjust the parameters of the engine management system accordingly, so as to ensure that the engine can work efficiently and stably anywhere in China.

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  The 1.6T engine is equipped with an external air-cooled intercooler, and the exhaust manifold is not integrated in the cylinder head. The 1.5T engine is more mainstream in configuration, adopting water-cooled intercooler integrated in the intake manifold and integrating the exhaust manifold into the cylinder head. This Ford 1.5T engine can be regarded as an improved model of 1.6T, adopting more mainstream technologies.

Comparison Table of Parameters of Ford’s Two Small Displacement EcoBoost Engines (Parameters from Changan Ford Maverick) project Ford 1.5T engine Ford 1.6T engine displacement 1499mL 1596mL Maximum power 181 HP /6000rpm 177 HP /5700rpm Peak torque 240 N m /2000-4500rpm 240 N m /1750-4500rpm Cylinder diameter x stroke 79mm X 76.45mm 79mm X 81.4mm

  The 1.5T engine reduces the displacement by 0.1L, but the power is increasing (the maximum power is increased by 4 HP, and the peak torque value remains unchanged). In China, the consumption tax on vehicles with 1.5T engines is 3%, while the consumption tax on vehicles with 1.6T engines is 5%. Without the 2% tax saved by 0.1L displacement, the Ford model with 1.5T engine has higher flexibility in pricing, which is conducive to improving the competitiveness of the model. It can be seen that Ford has already considered China’s tax policy when planning the engine product. (Vehicle consumption tax is included in the vehicle price and paid by the vehicle enterprise to the state)

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  Ford didn’t follow the Volkswagen who pushed the dual clutch. The 1.5T engine was matched with a 6-speed automatic gearbox, which is what I like to see. After all, with more products, consumers have more choices. Moreover, the performance and transmission efficiency of the mainstream 6-speed automatic gearbox are not low, and it has a good performance in shifting smoothness and durability, which is a recommended configuration.

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   In the same class with Ford 1.5T engine, there are not a few models with 1.4T, 1.5T and 1.6T engines. General 1.5T engine and Ford 1.5T engine are in direct competition because of their close displacement, while Volkswagen 1.4T engine and Citroen 1.6T engine are also two powerful competitors.

Parameter comparison table of three mainstream 1.5T engines name Ford 1.5T engine General 1.5T engine
(LFV) Volkswagen 1.4T engine
(EA211) Citroen 1.6T engine
(10UF01 5G02) Cylinder number four four four four displacement 1499mL 1490mL 1395mL 1598mL Maximum power 181 HP /6000rpm 169 HP /5600rpm 131 HP /5000rpm 167 HP /6000rpm Peak torque 240 N m /2000-4500rpm 250 N m /1700-4400rpm 225 N m /1400-3500rpm 245 N m /1400-4000rpm

  Ford 1.5T engine is more focused on power output. Compared with other manufacturers’ 1.4T, 1.5T and 1.6T engines, the power output of this engine has obvious advantages. In terms of torque output, the torque output of Ford 1.5T engine meets the standard of mainstream 1.5T engine.

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  The 1.5T engine mounted on Changan Ford is produced by Changan Ford Motor Co., Ltd.. The engine we disassembled this time is a teaching prototype, and some parts are slightly different from the mass production model. Before it’s too late, let’s completely disassemble this engine!

● Overhead direct injection system

  Ford 1.5T engine adopts overhead in-cylinder direct injection system, and the high-pressure gasoline nozzle is located at the top of the combustion chamber. Unlike the side nozzle, the overhead nozzle will not spray gasoline on the cylinder wall, thus avoiding the "wet wall phenomenon". Wet wall phenomenon will lead to engine oil dilution, fuel economy decline and emission increase.

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● Turbocharging system

  The turbocharger used in Ford’s 1.5T engine is provided by Borg Warner, and the maximum speed can reach 150,000 rpm. The maximum pressurization pressure of the turbocharging system of the engine can reach 1.5Bar. Like Volkswagen 1.4TSI engine and general 1.4T engine, this engine adopts an integrated exhaust manifold which can improve the thermal efficiency of the engine.

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  Compared with the turbocharging system, the overhead direct injection system of Ford 1.5T engine has more "gold content". Geometric modeling of piston crown, angle of oil jet from nozzle, position of spark plug, organization of intake and exhaust airflow and later verification of combustion system all need a lot of time and rich experience.

● Variable intake and exhaust valve timing system

  The advantage of variable intake and exhaust valve timing technology is that the combustion exhaust gas can be removed from the cylinder by fresh air through the overlapping angle of intake and exhaust valves with a large angle to improve combustion efficiency and power output. The application of large-angle overlap angle of intake and exhaust valves in manifold injection engine may lead to the waste of fuel and increase fuel consumption. However, the in-cylinder direct injection engine does not have the above concerns, and can control the fuel injection timing and not inject fuel during scavenging, so that the gas used for scavenging is fresh compressed air without gasoline, and the fuel consumption is not increased while the combustion exhaust gas is removed. This is also one of the reasons why the mainstream direct injection engine is fuel-efficient now.

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● Valve drive structure with simple structure

  Ford 1.5T engine does not adopt roller rocker valve drive structure with complicated structure but lower friction coefficient, but adopts valve top cylinder drive structure with relatively simple structure. However, through the optimization design of camshaft, this valve drive system effectively meets the corresponding design objectives and realizes the balance between cost and benefit.

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  The use of timing belt is beneficial to reduce engine noise. The engine adopts a simple top cylinder valve drive structure, but some designs are adopted on the cam and valve seat ring to reduce friction and improve durability. The adoption of variable intake and exhaust valve timing system enables the engine to flexibly control the overlap angle of intake and exhaust valves, which makes the engine exhaust more smoothly under high load, and at the same time, the fresh air entering from the intake valve can completely "clean" the exhaust gas in the cylinder, which improves the efficiency of the engine.

● Reinforcing structure of cylinder block/cylinder head

  Some structural designs are adopted on Ford 1.5T engine to strengthen the strength of cylinder block. The improvement of the overall strength of the engine not only improves the service life of the engine, but also has certain benefits for the NVH characteristics of the engine.

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● Unique coolant tank, cylinder net pattern and oil nozzle.

  In addition to the above-mentioned cylinder reinforcement structure, the cylinder of Ford 1.5T engine has more unique designs, and the shallow groove between the cylinders is one of them.

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● Integrated intercooler

   The first step of engine operation is to inhale air from the environment, and for turbocharged engines, the air from the environment will be turbocharged first, and then it will be sent to the cylinder after the air pressure is increased. The blades on the turbine compressor do work on the air, which will increase the air temperature. In order to further improve the density of compressed air, increase the amount of oxygen entering the cylinder and increase the output power of the engine, there will be a device called "intercooler" in the intake system of turbocharged engine, and its function is to cool the pressurized air. According to statistics, under the same air-fuel ratio, the engine power can be increased by 3% ~ 5% for every 10 degrees Celsius drop in the temperature of pressurized air.

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  A large number of reinforcing structures are adopted on the cylinder head and cylinder block of Ford 1.5T engine to enhance the overall strength of the engine. However, the coolant tank between the cylinders and the crankshaft bearing cover bracket are very special, which are rare in other engines of the same class.

● Vacuum pressure storage tank for start-stop system.

  We saw a box as shown above the intake manifold of Ford 1.5T engine. This box is actually a vacuum pressure storage tank, which is connected with a vacuum pump to store the negative pressure required by the brake booster pump. Then why do other models rarely see this device?

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● Mechanical variable displacement oil pump

  Ford 1.5T engine uses a mechanical variable displacement oil pump, which realizes two-stage variable displacement through internal mechanical structure. At low speed, the displacement of oil pump is kept at a low level to reduce power loss; At the middle and high speed, the displacement of the oil pump reaches the maximum, providing sufficient lubrication for each friction pair of the engine.

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● Breaking connecting rod and casting crankshaft.

  Like the engines of many mainstream joint ventures that we have dismantled, the Ford 1.5T engine uses a high-cost expansion-breaking connecting rod. The crankshaft is made of cast crankshaft, and in order to realize light weight, only four balance weights are designed.

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Full text summary:

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  This 1.5T engine, developed by Ford’s European team, has undergone various bench tests and hundreds of thousands of kilometers of road tests before it is put into production in China, which ensures the high stability of the engine in extreme use environments such as high temperature, cold and high altitude, so as to meet the complex vehicle environment in China. Matching with this Ford 1.5T engine is a 6-speed automatic gearbox, which has a good performance in shifting smoothness and durability, and also meets the higher requirements of China consumers on comfort and product durability. (Photo/Text/Photo by Chang Qinglin, car home)

Related reading:

  1.5T is very eye-catching! Comparative test of Mondeo 1.5T/2.0T
  http://www.autohome.com.cn/drive/201312/687786.html