RECENT HEADLINES MARCH 29TH
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Li Auto's groundbreaking mind GPT model gains official national approval
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Recently, it was officially announced that Li Auto's self-developed multimodal cognitive large model, Mind GPT, officially passed the national "Interim Measures for the Management of Generative Artificial Intelligence Services" in March 2024. This makes it the first self-developed large model by an automobile manufacturer to pass this registration, signifying that Mind GPT can now be officially integrated into Li Auto vehicles.

GAC Group sets new targets after achieving RMB 129.7 Billion revenue in 2023
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Recently, GAC Group released its financial report for 2023, achieving a total revenue of approximately 502.3 billion yuan on a consolidated basis, with an operating revenue of about 129.7 billion yuan, marking a year-over-year increase of 17.62%. In 2023, the group's automotive production and sales both exceeded 2.5 million units, with new energy vehicles under its own brands accounting for 58% of the total. GAC Group aims to challenge itself to achieve a 10% increase in annual sales volume in 2024.
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Xiaomi unveils revolutionary satellite communication patent for enhanced connectivity
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On March 29th, Xiaomi Automobile Technology Co., Ltd.'s patent for a "Star Targeting Method, Device, Medium, and Vehicle" was published. The summary indicates that this patent falls within the vehicle domain, designed to enhance the speed of satellite targeting, the timeliness and convenience of using satellite communication channels, and the actual quality of satellite communications.
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Dongfeng Group navigates transition challenges  

Recently, Dongfeng Group disclosed its 2023 performance, reporting a revenue of approximately RMB 99.315 billion , an increase of about 7.2%. However, the shareholder's attributable loss for 2023 was about RMB 3.996 billion, a significant decrease from the previous year's shareholder's attributable profit of approximately RMB 10.265 billion, dropping by about RMB 14.261 billion. This marks the first loss Dongfeng Group has encountered since its listing in 2005
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Ford eyes Spain for production of its next SUV
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According to global media reports, Ford Motor Company has indicated that it is considering the production of a new SUV at its factory in Valencia, Spain. Ford stated, "We are closely monitoring changes in the European market, looking for opportunities to strengthen our existing product line.”
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China's EV exports to the EU plummet following subsidy scrutiny
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Bloomberg reports that following the EU's investigation into China's subsidies for electric vehicles, China's exports of electric vehicles to EU countries have significantly decreased. The European Union Chamber of Commerce in China stated that the decline in exports in the first two months of this year is not just a statistical anomaly but also reveals the complex challenges China faces internationally.
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