Geely’s "Xunzi" was listed on the backdoor, and the first share of China Automotive Intelligence was born in the United States.

(Text/Pan Yuchen Editor/Zhou Yuanfang) Geely Group has its fourth listed company, and this time it is the first share of China automobile intelligent enterprises in the United States-Yikatong.

On December 21st, Yikatong Technology, a travel technology company, and COVA Acquisition Corp, a public special purpose acquisition company, jointly announced that the previously announced merger transaction had been successfully completed on December 20th. The merged company will retain the company name of "Yikatong Technology", and its shares and warrants will be traded on the Nasdaq Stock Exchange on December 21st, with the stock codes of "ECX" and "ECXWW" respectively, making it the first China automotive intelligence start-up to land in the US stock market.

Through this transaction, Yikatong Technology is expected to raise 368 million US dollars (about 2.57 billion yuan), including COVA’s cash trust of 300 million US dollars. The funds raised will be used to accelerate technology development and launch new products, support strategic acquisitions and investments, and build a global business growth path and achieve the goal of becoming profitable in 2024.

Earlier in May this year, Yikatong Technology had reached a merger agreement with COVA. The transaction was approved at the extraordinary general meeting of COVA shareholders held on December 14th.

Yikatong Technology is listed on Nasdaq. Image source: Yikatong Technology

According to the prospectus disclosed by Yikatong Technology, the company’s revenue in the first three quarters of this year was 2.03 billion yuan and its gross profit was 563 million yuan. However, after deducting R&D expenses, administrative expenses and interest expenses, the net loss amounted to 801 million yuan. External financing has become a key factor for the company’s sustainable operation.

According to the data of enterprise investigation, before the merger and listing of Yikatong Technology, it had gone through seven rounds of financing. In addition to Geely Holding Group, the investors also included Changjiang Industrial Fund, Baidu, Funeng Technology and Suzhou Xiangcheng Venture Capital. Among them, the announced A-round financing amounted to RMB 1.3 billion, and the A+ round and B-round financing amounted to US$ 200 million and US$ 50 million respectively.

Yikatong Technology is not the first Geely Group investment company that intends to land in US stocks. Just in early December, Geely Automobile’s high-end electric brand Krypton submitted a draft registration statement for possible initial public offering to the SEC. According to Reuters and other media reports, the IPO is expected to raise more than $1 billion.

At present, there are four listed companies under the Geely Group. In addition to Geely Automobile, which landed in Hong Kong stocks earlier, Polar Star and Volvo have also landed in the US and Sweden markets this year.

The "first son" of Geely family

As a company specializing in automotive intelligence, Yikatong Technology, established in 2017, is a pioneer among its peers, and has been imbued with a strong "auspicious color" since its birth.

The two co-founders of Yikatong Technology are Li Shufu, Chairman of Geely Holding Group, and Shen Ziyu, former Vice President of Geely Research Institute. When a merger agreement was reached with COVA in May this year, Li Ni, the daughter of Li Shufu, also appeared in the list of new directors of the company.

Yikatong Technology Image Source: Yikatong Technology

Like his elder brother Li Xingxing, Li Ni has been expanding his participation in the cause of Geely in recent years. As early as 2016, Li Ni bought and sold shares of listed companies many times during the listing and transfer of *ST Qianjiang’s equity. Later, Geely Holding Group spent 1 billion yuan to purchase *ST Qianjiang’s equity in June of that year.

Just in August this year, Xingshengzhou Technology purchased 171 million shares of Chengxing Industrial Group, the controlling shareholder of ST Chengxing. According to ST Chengxing’s announcement, Xingshengzhou Technology is a limited partnership jointly established by Yaoning Technology and Oriental Assets. Li Xingxing and Li Ni hold 95% and 5% shares of Ningbo Chunhua Qiushi Technology, the largest shareholder of Yaoning Technology, respectively.

The insiders believe that the reason why Li Shufu’s family is willing to hold a company with operational difficulties is the phosphorus chemical industry that ST Chengxing is engaged in: the phosphate produced by the latter is the core raw material for automobile power batteries.

Similarly, Yikatong Technology, as a company born in line with the trend of automobile intelligence, can be called Geely’s "pro-son".

Since its establishment, Yikatong Technology has mainly provided intelligent and networked services for Geely, Lectra, Proton and other "Geely" automobile brands, including digital cockpit, active safety electronic products, unmanned sensors and controllers, and the operation services of the vehicle networking cloud platform and big data platform. For example, the GKUI car-machine interconnection system widely used in Geely models comes from Yikatong Technology.

GKUI Image source: Geely Holding Group

Prior to this, emerging business modules such as intelligent cockpit and vehicle-machine interaction have been regarded as shortcomings by many Geely users.

Even as a high-end electric brand, its car system has been criticized by many car owners since the delivery of the first batch of models. Although on the hardware level, Geely temporarily calmed the storm by investing more than 300 million yuan to replace the car chip with higher performance; However, in the software, a common shortcoming of traditional automobile manufacturers, Geely seems to have a lot to check and fill.

And this task is also naturally delivered to the hands of Yikatong Technology.

Rare beauty! The mountain flowers are blooming and the spring scenery is picturesque.

  Cctv news(Reporter from wanglili, Yang Runde, Cui Lixia): In the spring of March, in Wangjiazhuang section along Taigu Road in Fengyugou, Jinyuan District, Taiyuan, Shanxi Province, peach blossoms and apricot blossoms were in full bloom.

  Peach blossoms are red, apricot blossoms are white, and clusters are blooming in the wind, gorgeous and colorful, decorating the mountains and rivers.

  Against the backdrop of green trees in the mountains, more than 300 workers are busy replanting, pruning, repairing plates and watering, which is a busy scene.

  It is understood that the landscaping and greening projects in this section are mainly distributed in Wangjiazhuang Village and Tianjiazhuang Village of Jinyuan Street and its surrounding areas, mainly planting Pinus tabulaeformis, Sophora japonica, clove, Sophora japonica, Pinus bungeana, gold and silver wood and apricot.

  At present, it is an important period for spring watering, replanting and other management and protection. In 2022, the spring management and protection work in Jinyuan District is being carried out on a large scale. It is estimated that the total management and protection area is 11,228 mu and there are 16 garden villages.

  In recent years, Jinyuan District, Taiyuan City, Shanxi Province has earnestly practiced Lucid waters and lush mountains are invaluable assets’s idea, making the forestry ecological construction reach the scene of "flowers welcoming the spring, shade protecting summer, red leaves lining autumn, pine and cypress accompanying winter". (Image courtesy of Jinyuan District Information Office)

Swimming beginners can learn quick skills in five minutes!

Swimming is not only a summer vacation but also a very good exercise to lose weight. It can also exercise our cardiopulmonary function and make our bodies stronger. For those who have never been exposed to swimming, it must be difficult to swim. But as long as we understand the following points, at least we will learn to swim much faster than others, and naturally learning to swim will become much easier.

float

People who have never swam before should start swimming by floating. First, they should make their bodies float in the water, so we should not rush to swim in the middle of the water at the beginning. We should start from shallow water, where the water level is almost half of our body. Relax your whole body, choose a casual posture, squat down or slowly try to climb on the level to see if your body will float. In short, put your whole body into the water except your head and feel the buoyancy of the water. Because in shallow water, there will be no danger, we should feel the feeling of the body in the water naturally and boldly, and gradually overcome the fear in the water.

suspend

We move freely in the water and gradually adapt to the water. After overcoming our fears, we can try to take a deep breath, submerge our whole body, even our head, feel the underwater world and feel our heartbeat. Slowly open your eyes and look at the whole underwater world. After you basically overcome your fear, you can hold your hands on the ground, beat the water with your feet alternately and practice floating yourself with your feet. At the end of this step, you can occasionally hold the ground without your hands. At this time, you will be surprised to find that your body has a sense of floating and swims forward.

tread water

When we gradually master the suspension, we don’t have to worry about the body sinking to the bottom of the water. At this time, we can go to the middle of the water, leave our feet off the ground, spread our hands, and then keep treading water to keep an upright position, so that our hands and feet can cooperate to control our body posture. When this step is practiced in the later stage, we can slowly change the direction of treading water and try to swim with the movements of our hands.

hands and feet

Practice the movements of hands and feet. Beginners suggest that it is best to learn breaststroke first. Breaststroke is the simplest swimming skill. You can practice the basic skills on the shore as in the video. When you get into the water, you can complete this set of natural and coherent movements, practice it repeatedly, and master the breaststroke skills completely.

Swimming style is actually not required for beginners. Beginners may learn to swim in a dog crawl or frog style, or even dive in a plunge. No matter which posture, once a beginner learns to swim, other strokes are no longer difficult.

Xiamen Haicang launches national defense education series activities. The first "Bing Ba" military-civilian basketball friendly match starts simultaneously.

People’s Daily Online, Xiamen, September 18th (Reporter Alina Zhang) On September 16th, 2023, it was the 23rd National Defense Education Day. On that day, a series of national defense education activities were launched in Haicang District, Xiamen. It is reported that the series of activities will run through the whole year, and the knowledge of national defense education will be popularized and publicized for all the people in Haicang District in a multi-dimensional and omni-channel manner.
Launching ceremony site. Photo courtesy of the organizer
According to reports, during the event, Haicang District will create a strong atmosphere of "love my national defense and love my army" through a variety of activities such as grassroots preaching, military-civilian cultural and sports exchanges, and model figure selection. While demonstrating the achievements of national defense education in Haicang District for many years, we will further deepen national defense education in Haicang, improve the national defense concept and patriotism of the broad masses of cadres and people, and cultivate patriotism and support for the army.
Commendation ceremony site. Photo courtesy of the organizer
In recent years, Haicang District has closely focused on the major decision-making arrangements of its superiors, effectively promoting the in-depth development of national defense education for the whole people under the new situation. With the efforts of all levels and departments and the active participation and promotion of the general public, the enthusiasm for national defense, joining the army and supporting the army has become a common practice in the whole region. Next, the district will focus on the theme of "making vigorous efforts to strengthen national defense, courageously moving forward and rejuvenating", strive to build a national defense education brand of "Rong Qing Hai Cang", strive to build a diversified national defense education position, strive to improve the national defense education work system, and create more well-known and well-established national defense education brand activities.
The performance site. Photo courtesy of the organizer
It is worth mentioning that, as a pilot project of standardization of national defense education in Xiamen, Haicang District has been actively exploring for the popularization of national defense education in recent years, taking the lead in taking a new path, continuously deepening national defense education, and letting national defense education take root. During the period, national defense education positions such as Haicang National Defense Education Museum, "Defending Our Seas and Xinjiang" National Defense Education Base, Retired Veterans Base and Cangjiang Research Camp were launched successively. Elaborately created the "national defense education series package", and carried out various national defense education activities with different characteristics and forms, such as theme classes, photo exhibitions, education days, speech contests, sweeping revolutionary martyrs’ cemeteries, open days of military camps, propaganda of conscription, and "warm-hearted projects" for military families.
The scene of the game. Photo courtesy of the organizer
At the event site, the first "Bing Ba" military-civilian basketball friendly match in Haicang District was also opened simultaneously, aiming at expanding military-civilian cultural and sports exchanges, helping the military and civilians unite as one, and promoting the military-loving atmosphere of the whole region. In addition, the district will also launch a series of activities, such as "Love for the Sea, Sound for Flying" and Haicang National Defense Open Class. Through entering the organs, communities, schools, enterprises and party schools, the "five advances" will be presented in multiple dimensions and widely covered, which will unite the ideological consensus of caring for, loving, building and defending national defense, gather positive energy and invigorate the spirit of Haicang people.
This activity is guided by the leading group of national defense education in Haicang District, and sponsored by the Propaganda Department of Haicang District Committee and the State Education Office of the District Committee. On the same day, national defense education lectures, awards for the most beautiful veterans, queues and military skills demonstrations were also held.
Reporting/feedback

Al artificial intelligence: what impact will room temperature superconducting technology have?

If room temperature superconducting technology is realized, it will have a great impact on human society. Superconducting technology can be used in power transmission, maglev train, MRI, energy, communication and other fields. The realization of room temperature superconducting technology will make the application in these fields more convenient and economical. In addition, room temperature superconducting technology can also be applied to quantum computers and other fields, which will promote the development of computer technology.

Real Madrid is very worried about the findings of the procuratorate, and the emergency meeting will allow the club to appear in court.

[Real Madrid is very worried about the investigation results of the procuratorate, and the emergency meeting will allow the club to appear in court] real madrid cf recently issued a statement, saying that it will hold an emergency general meeting at noon on March 12, local time, regarding the fact that Barcelona Football Club was prosecuted by the local procuratorate in Barcelona for bribing referees for corruption.

According to AS reporter, former Real Madrid press officer Joaquín Maroto confirmed from Real Madrid sources that this general meeting will vote to approve Real Madrid to testify in this case. Real Madrid told AS that "there has been no action before because they are waiting for the judicial department to complete their work. Now that the procuratorate has submitted their appeal, it is time for Real Madrid to appear in court.

Real Madrid announced the announcement just 24 hours after the procuratorate filed an appeal, just when the Spanish Central Procuratorate accepted the prosecution of the Barcelona Procuratorate. Prior to this, Real Madrid had been patiently waiting for the judicial department to complete their work. At present, Real Madrid is very worried about the conclusion reached by the procuratorate on this matter.

Selena Gomez shares reason behind her shaky hands in new video

Recently, singer-actor Selena Gomez shared a video on TikTok, in which she can be seen doing her skincare — applying products that help her remove makeup. The clip begins

with Selena gently washing her face, and then using a towel to dry it out. But fans were quick to point out that her hands were ‘shaky’. Taking it in her stride, the Look at Her Now singer informed her followers it is because of the medication she takes to manage lupus disease.