Evergrande mutated, it is recommended that the relevant meeting of reorganization be cancelled!

On the evening of September 22, China Evergrande announced that the company’s original September 25 and September 26 meetings on the relevant agreement arrangements for the proposed restructuring will not be held, mainly because the sales situation has been lower than expected since March 22.

On March 22, China Evergrande released a workout plan, and the proposed restructuring includes the "Evergrande Agreement Arrangement", the "Jingcheng Agreement Arrangement" and the "Space-based Agreement Arrangement".

On August 27, China Evergrande released an unaudited interim results announcement, indicating that the company actively planned to resume sales, with a significant increase in sales performance, steadily advancing work related to overseas debt restructuring, and signed an overseas restructuring support agreement with creditors in April.

So here’s the problem.Was it the sudden change in China Evergrande’s sales from June 30 to September 22, or has it been poor since March 22?

In less than a month, the sales situation suddenly changed

Who would have thought that less than a month ago, China Evergrande would still be sending a positive signal to the outside world.

On August 27, China Evergrande released an unaudited interim performance announcement, indicating that the company actively planned to resume sales, successfully seized the property market Xiaoyangchun that emerged at the beginning of the year, and achieved a significant increase in sales performance. It has always taken stable management and risk reduction as its top priority, and has made every effort to ensure the construction of the building.

At the same time, in line with the principles of respecting international restructuring practices, treating the rights and demands of all creditors with justice and fairness, China Evergrande has steadily advanced the work related to overseas debt restructuring, and signed an overseas restructuring support agreement with creditors in April.

China Evergrande has not disclosed sales from June 30 to September 22, but it gave "optimistic" sales figures in its unaudited interim results announcement.

As of June 30, 2023, China Evergrande had a land reserve of 190 million square meters and participated in 78 old renovation projects, including 55 in the Greater Bay Area (34 in Shenzhen) and 23 in other cities.

In terms of contract sales, in the first half of 2023, China Evergrande achieved a contract sales amount of 33.413 billion yuan, a contract sales area of 5.115 million square meters, and a cumulative sales refund of 27.10 billion yuan.

In the unaudited interim results, China Evergrande looks to the future, saying that it will resolutely assume the main responsibility of self-rescue insurance, do a solid job in the specific work of guaranteeing the delivery of buildings, and accelerate the restructuring of overseas debt to protect the long-term interests of various creditors.

On the evening of September 22, China Evergrande announced that it had cancelled the relevant meetings of the workout, mainly because the company’s sales were not as good as expected since March 22.

The previous two extensions

On March 22, China Evergrande released its overseas debt restructuring plan.

Among them, China Evergrande intends to carry out the proposed restructuring of the "Evergrande Agreement Arrangement" through the agreement arrangement in the Cayman Islands, Hong Kong and other applicable jurisdictions. Evergrande’s agreement arrangement will have two sets of liabilities, namely Group A and Group C.

The Jingcheng Agreement Arrangement means that Jingcheng Limited plans to implement a reorganization through an agreement arrangement in the British Virgin Islands, including the issuance of four US dollar-denominated senior notes by Jingcheng.

Each Jingcheng creditor will be allocated a pro rata allocation of new notes issued by Jingcheng with a total principal amount of US $6.50 billion.

Under the space-based arrangement, creditors will receive four new notes issued by space-based holdings limited with a term of five to eight years and a total principal amount of $800 million.

On July 26, China Evergrande announced that the Evergrande agreement was scheduled for August 23, and the space-based agreement and the Jingcheng agreement were scheduled for August 22.

On August 16, China Evergrande postponed the above meeting for the first time until August 28.

On August 28, China Evergrande announced that it had agreed to postpone the meeting to September 26.

In order to maintain as much consistency as possible between the scheduling meetings of the Evergrande Agreement, the Scenic Agreement, and the Space-based Agreement, the Scenic Agreement scheduling meeting and the Space-based Agreement scheduling meeting will be postponed to September 25.

In less than a month, the reason has changed dramatically

What is even more bizarre is that on the eve of the cancellation of the above-mentioned meeting, China Evergrande confirmed that the hearing time of the agreement was postponed.

On the evening of September 8, China Evergrande announced that the approval hearings for the Jingcheng Agreement Arrangement, the Cayman Islands Evergrande Agreement Arrangement, Hong Kong Evergrande and the Space-based Agreement Arrangement were postponed to the evening of October 3, October 5, October 16 and 17, respectively.

The reporter noticed that China Evergrande’s agreement to extend the approval hearing to early October is a prerequisite for its reorganization to take effect in early November.

Compared with the cancellation of the meeting, sales were lower than expected. China Evergrande listed three reasons for the postponement of the second meeting.

First, China Evergrande’s recent series of overseas workout meetings and hearings have been postponed, which needs to give creditors more time to understand the terms of the reorganization procedures and agreement arrangements, so as to maximize creditors’ participation in the reorganization.

Second, China Evergrande shares have resumed trading on August 28, and creditors need to be given time to consider the impact of recent new developments in China Evergrande on restructuring and agreement arrangements.

Third, China Evergrande previously applied to the New York court for reorganization approval procedures under Chapter 15 of the United States Code, which was mistakenly interpreted by the outside world as a matter related to bankruptcy protection.

At that time, China Evergrande repeatedly stressed that the extension of the relevant meeting of the above agreement was still within the deadline (December 15), in line with the expectations of the creditors of the agreement to implement the proposed restructuring.

Sunac is one step ahead

Unlike China Evergrande, Sunac China has made progress in stages.

On the evening of September 18, Sunac China announced that the company’s overseas workout was approved with a high pass rate of 99.75% for the number of creditors and 98.3% for the total amount of debt.

Sunac China announced that the company will seek court approval and ruling on the plan. The petition seeking a ruling on the plan will be heard at 9:30 am on October 5.

At this point, Sunac China’s overseas workout has entered a critical moment.

On September 19, Sunac China applied for Chapter 15 certification in the US court for the restructuring of US dollar debt, and has been recognized by the US court for its restructuring agreement in the Hong Kong court of China.

According to industry analysts, the bankruptcy protection of enterprises is recognized by the court, which will temporarily prohibit creditors from taking measures to recover the property owned before the bankruptcy application, and also temporarily prohibit legal proceedings against debtors. Creditors need the authorization of the bankruptcy court to claim debts, which has a positive impact on the overall workout of enterprises.

The Shanghai Securities News reporter noticed that China Evergrande also made the above application recently, but was considered by the outside world to have applied for bankruptcy liquidation, and then made relevant clarifications.

Unlike Sunac China, which made the above application after confirming the overseas workout, China Evergrande is still negotiating the time for the overseas workout to hold relevant meetings when applying for Chapter 15 certification to the US court.

Didi Meituan Mobike cross-grab site, can deliver takeaway online car to come?

  China News Service client side Beijing, January 13 (reporter, Wu Tao) The seemingly stable mobile travel landscape has undergone frequent changes recently. Meituan has launched online car-hailing services in many places; Mobike has also launched shared car services; Didi has taken over the small blue car and announced that it will launch its own shared bicycle platform. What do these changes show? What changes will it bring to the industry and ordinary users?

  Mobile travel melee: cross-border turf grab

  After these changes, the reporter interviewed three companies separately. Didi said that the shared bicycle itself will bring convenience and benefits to users, and its layout does not conflict with the online car-hailing business, but the travel scenarios are different.

  After launching the shared car business, Mobike said it aims to use its own technology to create a three-dimensional transportation model that integrates vehicles, piles, and networks, providing a one-stop solution to consumers’ multi-scenario travel needs from cycling, to driving, and then to cycling (ride-ride-ride).

  Meituan commented that its mission is to let everyone "eat better and live better", and catering, entertainment and other businesses are closely linked to travel, and entering travel services happens to make the user experience more convenient.

  For these changes, Li Yi, chief researcher of the Internet Research Center of the Shanghai Academy of Social Sciences, analyzed in an interview with China News Service reporters that only the takeaway business seems to be a bit far from the connection with mobile travel, but in fact, internationally, including Uber, online car-hailing companies have long started to do takeaway business.

  "Meituan’s mentality of deploying online car-hailing may be’rather than being passively beaten, it is better to take the initiative to attack ‘, and this can also add’story’ to Meituan’s listing," Li Yi said.

  According to public information, in 2015, Didi invested in food delivery platform Ele.me; Uber also launched food delivery business Eats in 2014, and they also have delivery service Uber Rush.

  Li Yi analyzed that everyone originally thought that takeaway, online car-hailing, and shared bicycles would become industry oligarchs respectively, but these current changes show that once a platform economy is formed, it is very dreadful. Businesses have no boundaries and can cross borders at any time. Now it is takeaway, and it may also be express delivery in the future.

  The money war is likely to strike again

  This round of cross-border turf grabbing is menacing. It is reported that Meituan’s online car-hailing rate is 8% for drivers, which is more than double that of Didi, and there are rewards in some areas, such as zero for the first three months for the top 50,000 drivers in Beijing.

  The reporter also noticed that whether it is due to competitive pressure, the established online car-hailing company Yidao has recently lowered the proportion of drivers, from the original 21% to 5%. However, the actual controller of Yidao and the founder of Taoyun Capital, Wen Xiaodong, said that this has nothing to do with Meituan’s commission reduction to 8%.

  Not only online ride-hailing, but also in the field of shared bicycles, the platform war has always been in a state of "burning money". Various discounts and free riding activities continue; the monthly card model launched by Mobike and ofo is even more inexpensive, with a minimum of only 2 yuan for a monthly subscription.

  In addition, why is it possible to restart the money-burning war in the field of mobile travel? During the investigation, the reporter found that the driver’s loyalty to the online car-hailing platform is not high. Some online car-hailing drivers told the China News Network reporter bluntly, "Naturally, which platform gives more money and which one goes."

  "In this situation, the possibility of a money-burning war is very high." Li Yi analyzed that if Didi’s response is not sensitive enough, Meituan’s online car-hailing has the opportunity to become bigger; but if Didi responds, it needs to adjust the proportion of drivers. However, Li Yi also said that if Didi’s response is sensitive enough, it may be difficult for other platforms to compete with it in the field of online car-hailing.

  Didi founder and CEO Cheng Wei also commented on Meituan’s online car-hailing platform. He said that there are 350 online car-hailing platforms in China, and there is only one more competitor. Didi has encountered too many competitors. Meituan is certainly not the weakest, but it may not be the strongest.

  Users will enjoy more discounts for subsidized taxis and bicycles

  What benefits can users get from corporate melee and mobile travel? Users who have experienced the 2014 online car-hailing subsidy war know that red envelopes that cost more than ten yuan are not a joke, and a taxi starting price is properly available. Once mobile travel once again triggers a money-burning war, red envelopes are naturally indispensable.

  Li Yi said that for the majority of users, mobile travel chaos is definitely a good thing. If there is competition, the service will be better, and users may also receive competitive subsidies.

  In addition, users will also have a better mobile travel experience. Imagine a shared bicycle deposit, a variety of shared bicycles can be ridden casually; the connection between shared bicycles, shared cars, and online car-hailing is not stuck, and 1 minute will not be wasted; your takeaway may be delivered by an online car-hailing, which is faster and more stable. What’s more, maybe you can eat takeaway in the car in the future.

  These are not impossible. For example, Didi has launched a "one-click crayfish" service; its platform has also brought together functions such as special cars, express cars, ride-sharing, and shared bicycles. In the future, shared bicycles will also include a variety of shared bicycles, including ofo and small blue cars.

  There are various indications that it is a high probability event that an APP can solve all things in the future. Mobike also said that in the future, users will be able to use Mobike shared cars without switching APPs to realize functions such as unlocking, returning cars, and paying orders. One APP can meet a variety of travel needs.

  But here comes the problem again, it is also an APP that includes all mobile travel services. Do you choose Mobike, Meituan, or Didi? The battle between giants is still inevitable. (over)

Community groups buying "resurgence of war": there is a "head" with a monthly income of nearly 10,000

  Look at the goods in the WeChat group, place an order with the Mini Program, and move your fingers, and all kinds of fresh food and grain and oil products will be delivered to your home. In 2020, a sudden epidemic disrupted everyone’s pace of life. The online retail industry broke out, and community group buying unexpectedly became an important support for the lives of residents in the community. Meituan, Ali, JD.com, Pinduoduo and other giants have entered the scene. Recently, Qilu Evening News · Qilu One Point reporter walked into many communities in the provincial capital to understand the current situation of community group buying.

  Yu Minxing, reporter of Qilu Evening News, Qilu Yidian

  Daily 70-80 orders

  The maximum daily turnover is more than 10,000 yuan

  Near eleven o’clock in the evening, Ms. Zhou "poisoned late at night" in the WeChat group buying group, and the photos and small videos of spicy crayfish teased everyone’s appetite. "Ding Ding Ding" The mobile phone kept vibrating, and Ms. Zhou received another wave of orders before going to bed.

  After nearly four years in the industry, Ms. Zhou has been sitting on two WeChat group buying groups of 500 people, becoming a well-known "head" of a residential community in Jinan Tianqiao District. "We started doing community group buying in 2017, and the users are basically the owners of the community." Ms. Zhou’s community group buying relies on her own express collection point. When the owners take the express, they take home the fresh food bought the day before, which is very convenient. "The customer source is relatively stable, and it is not so laborious to do. It is like opening another online supermarket. Everyone orders online and picks up the goods the next day. I am a pickup point here."

  It is reported that there are thousands of households in Ms. Zhou’s community, and several like her do community group buying. "Basically, some mother-and-wife stores are doing it, and the user intersection is very large." Ms. Zhou said that the platforms of the heads of the group also cover each other, including Xingsheng Preferred, Shihui Tuan, you and me. "I will send products to the group for users to choose by themselves. Recently, another Meituan Preferred has been added, and the activity is relatively strong. It is very popular with everyone." 

  The opening situation of each platform is also different, some open groups every day, and some open the next day. "Every time you open a group, you can make a few dozen orders, and as many as hundreds of orders. Each platform adds one plus, and the average is 70 or 80 orders a day." Ms Zhou said that because most of them are fresh, grain and oil products, the daily turnover fluctuates relatively large. "It can be as little as two or three thousand yuan, and more can exceed 10,000 yuan. Especially during the holidays, the number of fruit gift boxes is very large, and the daily turnover can reach about 13,000 yuan."

  Commission 10% -15%

  "Leader" has a considerable monthly income

  The day after the opening of the group was the busiest time for Ms. Zhou, which was basically from morning to night. "Especially when you get off work, users go home and take the dishes back by the way. There are often long lines at the door of the store to pick up the goods."

  Ms. Zhang, a working mother, is a member of the daily queue to pick up the goods. "When there is no food at home, I will visit the group buying group in the community to see what I want to buy, and it will be delivered to the community the next day. It is too convenient to visit the vegetable market and supermarket." In Ms. Zhang’s opinion, convenience is the main reason for choosing community group buying.

  In addition to convenience, high quality and low price are also a major reason for community group buying. Ms. Zhou cited mangosteen, kiwi fruit, dragon fruit and other fruits on her platform as examples. Mangkhut, which sells for more than ten yuan a catty in the supermarket, costs only 8.9 yuan to buy on the platform. Xu Xiang’s kiwi platform costs 9.8 yuan for three catties, and the cheapest kiwi in the supermarket also costs five or six yuan a catty.

  "The quality of fruits, vegetables and supermarkets is comparable or even fresher, and the price is still cheap, so users who have bought them will place orders again and again." Ms. Zhou said that word-of-mouth communication between community users is more reliable than any advertisement. After being recognized by users, everyone will pull real-world friends in to buy together.

  Ms. Feng, the "post-90s" mother, has less than half a year to become the "head" of the community group buying. "My best friend recommended me to join, just to earn pocket money while taking care of children." Ms. Feng said that there are more than 200 people in her group, with daily sales of about 1,000 yuan. The platform gives a 10% commission, and it can also earn two or three thousand yuan a month.

  With two groups of 500 people in her hands, Ms. Zhou’s monthly income will increase by one or two times. "There are many platforms, and the commission is basically between 10% and 15%." Ms. Zhou said that the monthly income is basically stable at about 7,000 to 8,000 yuan. "During the holidays, with the gift box, the monthly income is around 10,000 yuan."

  After seizing the market

  Doing a good job in product service is the key

  Ms. Li, who has been the head of the group in Jinan Dianliu Community for more than 2 years, was recently invited by Meituan Preferred and also went online to become the head of Meituan Preferred.

  "For the head of the group, you can send multiple platform products to the same group, and let users compare and judge for themselves before placing an order." Mr. Yuan, a promoter of Meituan Preferred, said that Meituan Preferred has developed more than 3,700 WeChat groups with more than 100 people in Jinan in a month and a half.

  Unlike the "seed players" who developed from the grass-roots level of the industry like the Ten Hui Group, Meituan is preferably a key project of a hundred billion-level large enterprise, with strong financial support, and can be quickly opened nationwide at the beginning. "Next, relying on the Meituan APP, Meituan Preferred will be built into a new industrial line side by side with Meituan takeaway."

  In Mr. Yuan’s opinion, Meituan Preferred is fundamentally different from Ten Hui Group. The two models are different. Ten Hui Group has small profits but quick turnover. It is mainly profitable and requires sales; Meituan market values the number of orders more and wants to do data.

  However, Mr. Yuan admitted that as far as Jinan is concerned, the number of orders placed by the Ten Hui Group is currently unmatched by Meituan Preferred.

  However, Meituan also has an advantage that the Ten Hui Group does not have, and that is the Meituan APP. "At present, Meituan Preferred has been connected with the Meituan APP, and everyone can place an order through the Meituan APP, which means that everyone who owns the Meituan APP may become Meituan Preferred users."

  "Community group buying, starting from the head, but will finally supply the supply chain", in fact, for Meituan Preferred, Ten Hui Group, City Life and other community group buying platforms, how to do a good job in product services after seizing the market is the most critical part.

  Hot money is pouring in, and the giants are following suit

  Are community groups buying "True Fragrance"?

  If you win fresh food, you will win the world. In recent years, various sales models in the fresh food industry have been frequently favored by capital giants. In 2020, community group buying, as a "pre-sale + self-pickup" sales model in the fresh food industry, became popular overnight and was selected by capital again under the influence of the epidemic.

  According to Tianyancha data, according to incomplete statistics, this year our country’s community group buying and fresh food e-commerce fields have accumulated more than ten times of financing, amounting to tens of billions of yuan. Among them, Ten Hui Group has been invested three times this year and received a total of 249.70 million US dollars of financing; Tongcheng Life has received 200 million US dollars and tens of millions of US dollars of financing in June and July. According to LatePost, Missfresh’s latest round of financing of 495 million US dollars is the largest financing in the fresh home industry to date.

  Hot money influx, giants follow, community group buying in the future?

  "Community group buying adopts the model of’pre-sale + self-pickup ‘, and there is no turnover, no need for offline stores, and there is no high distribution fee for centralized self-pickup." Ms. Zhou, who has been working in community group buying for three or four years, is very optimistic about "community group buying". She said that the pre-sale method of community group buying can effectively reduce inventory, and the goods have been booked and sold before they arrive at the warehouse. The turnover efficiency is improved, and the product loss rate and distribution cost are low.

  However, Mr. Zhao, an industry veteran, pointed out that the so-called sales-based production and production-based production are actually difficult to achieve. In addition, there is a general lack of standardization of domestic agricultural products, and direct production from the origin and base acquisition are mostly gimmicks. "Community group buying also requires multiple categories, which is difficult for most enterprises to achieve. Many still rely on the local primary wholesale market."

  In addition, Mr. Zhao believes that how the platform can retain the head of the team and maintain the customer base is also a question worth exploring.

  It is foreseeable that the competition for community groups buying resources is bound to intensify, and with the entry of Internet Tech Giants, there are more possibilities for this track.

Challenge the status of the tank series? The dark blue G318 enters the hardcore off-road vehicle market, or lowers the starting price to 250,000 yuan

According to the daily economic news, under the "price war" one after another, the hardcore off-road vehicle market has become another market segment for car companies. According to MIIT’s new car declaration information, dozens of models will be listed in the domestic hardcore off-road vehicle market in 2024. In March alone, three models, the new Prado, the Tank 700 Hi4-T, and the iCAR 03, were pre-sold or listed.

On March 18, the dark blue car’s first hardcore off-road vehicle, the dark blue G318, was unveiled, but the specific price was not announced. The "Daily Economic News" reporter learned that considering the current domestic hardcore off-road vehicle market price gap, the dark blue G318 may lower the price, and the price range is expected to be 250,000~ 300,000 yuan.

Image source: Photo by every reporter, Duan Siyao 

Northeast Securities Research Report data show that the current domestic hard-core off-road vehicle concentration is high, sales show price polarization, the first echelon is the tank 300, 500, and BJ40 as the representative, the price range of 16~ 300,000 yuan of independent brand models; the second echelon is the guardian, G-class as the representative, the price of luxury imported models of 700,000 yuan and above; the middle price segment of the product is weaker.

At present, in the first echelon, the tank series models firmly occupy the first position. If the starting price of the deep blue G318 is set at 250,000 yuan, it will be directly aimed at the tank series of the first echelon and overlap with the configuration price of the equation Leopard 5. It is worth noting that in the face of increasingly fierce market competition, the pricing strategy of the upcoming hardcore off-road vehicles may also change. It is reported that the starting price of the Ford Liema, which will be pre-sold at the end of March, is expected to drop to 300,000 yuan.

Although car companies are accelerating their entry into the hardcore off-road vehicle market, it is still a niche market in terms of volume. Northeast Securities Research Report believes that high fuel consumption, high manufacturing costs, and excessive noise in the car are the reasons that hinder the hardcore off-road vehicle market from becoming the mainstream. However, new energy off-road vehicles can make up for the shortcomings of traditional fuel hardcore off-road vehicles, and can give hardcore off-road vehicles a wider range of use scenarios. It is expected that with the new energy giving hardcore off-road vehicles more urban use attributes, the long-term space of our country’s hardcore off-road vehicle market is expected to exceed 800,000 vehicles.

Taking the Deep Blue G318 as an example, its feed fuel consumption is as low as 6.7L/100km (CLTC), and at the same time, it can achieve a pure electric battery life of 190Km and a comprehensive battery life of over 1000Km. In the opinion of Deng Chenghao, CEO of Deep Blue Automobile, the reason why the Deep Blue G318 can solve the pain points such as "high energy consumption" and "poor comfort" of traditional hardcore off-road vehicles is due to its dark blue super range extension 2.0 technology.

It is reported that Deep Blue Super Range Extension 2.0 technology integrates Force Superset Electric Drive 2.0, Force Intelligent Range Extension 2.0 and Golden Bell Battery 2.0 into one, among which Force Superset Electric Drive 2.0 has the highest operating efficiency of electric drive assembly of 92.59%; Force Intelligent Range Extension 2.0 can achieve 1 liter of 3.63 kWh of electricity, which greatly reduces the cost of using a car; Golden Bell Battery 2.0 can achieve the long life of the power battery.

A few days ago, Changan Automobile released the new Blue Whale Power All-Scene Solution, and Deep Blue Super Range Extension 2.0 represents its breakthrough in range extension technology. "The new Blue Whale Power has made new breakthroughs in the’digital electromechanical ‘. For example, on the dual-motor electric drive used for plug-in and mixing, you can freely select and lock the plug-in and range extension dual modes with one click, and the intelligent driving management system (IEM) can realize all-terrain driving adaptation." According to Wang Jun, president of Changan Automobile, vehicle products equipped with the new Blue Whale Power All-Scene Solution will also be released and unveiled one after another from March, and will soon be put into the market.

According to the plan, in 2024, Changan Automobile will have two models powered by the new blue whale, namely the Changan UNI-Z and the dark blue G318. Among them, the Changan UNI-Z is a plug-in product, and the dark blue G318 will be equipped with range extension technology.

Image source: Photo by Kong Zesi, a reporter (data map) 

Reporters learned that next, the new blue whale power will empower Changan Automobile’s three major product brands. Take Deep Blue Automobile as an example, in the next three years, it will launch 6 product series, with the rhythm of more than 2 new products per year, a total of more than 12 new and modified models will be launched.

Whether it is Deep Blue G318 or New Blue Whale Power, it can be seen that the speed of Changan Automobile’s new energy transformation is accelerating. Recently, it was reported that new assessment methods for three central automobile companies, including Changan Automobile, are under discussion and are expected to be issued soon. Several new indicators, including market share, profit structure, technological innovation, and safety production, may be included in the new assessment system.

According to the plan, in 2024, Changan Automobile will achieve the goal of 2.80 million sales of the group, of which 750,000 new energy sales. "We will firmly take the product as the main line and promote the three intelligent new energy brands of Changan Qiyuan, Deep Blue Automobile and Avita to work together to build differentiated brand value." Zhu Huarong, Secretary of the Party Committee of Changan Automobile, said in a recent interview with reporters that this year, 9 new products such as Avita E15, E16, Deformable Digital Intelligence New Car E07, Deep Blue G318, Deep Blue C857, and Changan Qiyuan C798 will be launched one after another to comprehensively optimize the supply structure of Changan Automobile products.

Challenge the status of the tank series? The dark blue G318 enters the hardcore off-road vehicle market, or lowers the starting price to 250,000 yuan

Beijing’s unlicensed Mercedes-Benz crashed into a taxi, and it was rumored that the owner of the accident was actor Zhou Jie

Feature: Zhou Jie caught in the "car door crash"

> > > Enter the social channel



  A passer-by inspects an unlicensed Mercedes-Benz at the scene of the incident. Three people were injured when an unlicensed Mercedes-Benz collided with a taxi on Gaobeidian North Road in Chaoyang District early yesterday morning. The injured and multiple witnesses said the driver of the Mercedes-Benz was actor Zhou Jie. Zhou Jie’s agent said it was "unclear". The relevant person in charge of the Beijing Municipal Traffic Administration confirmed yesterday that when the traffic police arrived at the scene, the driver of the accident had disappeared.



Yesterday, in the emergency room of Chaoyang Hospital, two injured passengers were waiting for treatment. Photo by reporter Wang Guibin


  Three people were injured in a collision between an unlicensed Mercedes and a taxi on North Gaobeidian Road in Chaoyang District early yesterday morning. The driver, identified by the injured and multiple witnesses as the actor Zhou Jie, was "not clear", according to his agent. Traffic authorities are investigating but have not yet identified the driver.


  Unlicensed Mercedes-Benz knocks over taxi


  The intersection is located on the east side of Kangjiagou bus station, and there is no traffic light. "The crash sound is loud, and the speed of the car will definitely not slow down." At about 4:50 yesterday, a number of people were discussing at the scene. At this time, the injured have been taken to Chaoyang Hospital, and two traffic police are on the scene to investigate.


  At the northeast corner of the intersection, the black R300 Mercedes-Benz topped the "Crescent Moon" taxi on a telephone pole, rolled over, the taxi body was squeezed and deformed, the front face of the Mercedes-Benz was damaged, and the airbag in the car ejected. The reporter saw that the Mercedes-Benz had no license plates on the front and rear.


  At Chaoyang Hospital, Xiao Liu, 24, said she and a colleague, Xiao Wang, took a taxi home at 3:50 a.m. The taxi drove from north to south on Gaobeidian North Road and turned left at the intersection. "It will pass the intersection soon." Xiao Liu said that suddenly a black vehicle from the south rushed towards the taxi.


  "I crawled out of the side windshield," Wang said, as the glass shattered and Liu was squeezed into the overturned car, unable to move. The driver was also trapped inside.


  Doctors said Liu had broken ribs and ankles; Wang had three stitches in his ear and multiple cuts; and the taxi driver suffered head and lung injuries.


  Zhou Jie was accused of being a Mercedes driver


  The man driving the unlicensed Mercedes was Zhou Jie, an actor who appeared in television dramas like "Huanzhu Gege" and "Harbin at Night," according to the injured and multiple witnesses.


  Mr. Sha and other witnesses said Mr. Zhou was alone in the Mercedes, "smelling of alcohol all over his body" and shouting "how did you drive? Why didn’t you look at the traffic lights?" "The police left the scene before they arrived."


  The injured man, Wang, said he had seen Mr. Zhou and "could smell the alcohol on his body," but that he had not been rescued and had "been on the phone." Yesterday, Mr. Zhou’s manager, Wang Jiange, said he was "not sure."


  Mr. Wang, the injured man, said that when police officers from the Shuangqiao Traffic Brigade asked him to take a statement, they revealed that they were also looking for Zhou Jie. Crescent Taxi Company said it learned from the traffic team that the owner of the accident was Zhou Jie. This claim was not confirmed by the traffic police.


  Yesterday, the relevant person in charge of the municipal traffic management bureau confirmed the accident, but when the traffic police arrived at the scene, the driver of the accident had disappeared, so whether the driver of the accident was the actor Zhou Jie is still under investigation. At present, the accident has been classified as "hit and run".


  – Analysis


  getaway driver


  Suspected Drunk Driving Penalty


  Yesterday, the relevant person in charge of the Beijing Municipal Traffic Management Bureau analyzed that according to the "Road Traffic Law" and Beijing local regulations, in the accident, even if the taxi was at fault when the Mercedes-Benz collided with the taxi, the Mercedes-Benz driver would bear the main responsibility for the accident because the Mercedes-Benz driver escaped.


  According to the law, those who escape after a major traffic accident constitute a crime and will be banned from driving for life. Unlike other cases, hit-and-run cases are not limited by the time limit for prosecution. The Criminal Code stipulates that hit-and-run can be punished with three to seven years in prison; if the escape causes the victim’s death, the sentence can be up to 15 years.


  According to the grass-roots staff of traffic control, it is not difficult to crack the escape incident, but if the Mercedes-Benz driver did drink alcohol, then even if he is arrested, he is very likely to escape the punishment of drunk driving. "The law enforcement department must have a basis for punishment. The basis of the punishment for drunk driving is the alcohol content in the blood, but the alcohol content will decrease over time."


  Reporter, Geng Xiaoyong, Wang Shu

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