Core Viewpoint - The luxury car market has experienced a significant shift due to a new tax policy that lowers the consumption tax threshold for super luxury cars from 1.3 million yuan to 900,000 yuan, effective from July 20, 2023, leading to increased consumer urgency to purchase luxury vehicles before the tax takes effect [1][2][3]. Group 1: Tax Policy Impact - The new tax policy means that vehicles priced between 1.017 million yuan and 1.469 million yuan will now incur an additional luxury car tax, resulting in an estimated extra cost of 90,000 yuan for consumers purchasing luxury cars after the policy change [3][18]. - The luxury car tax has been in place since 2016, and the recent adjustment aims to include more vehicles that previously evaded the tax due to price reductions [11][16]. Group 2: Market Dynamics - The luxury car market is seeing a surge in demand as consumers rush to purchase vehicles before the tax increase, with reports of crowded showrooms and increased sales activity [1][5]. - The price reductions across various luxury brands have made many models fall below the new tax threshold, indicating a shift in market pricing strategies [10][15]. Group 3: Brand Responses - Some brands, like Jaguar Land Rover, have introduced promotional policies to absorb the new tax costs for consumers, while others, such as Porsche, have not announced similar measures [20][25]. - The luxury car market is expected to face long-term changes as the increased tax burden may deter potential buyers, leading to a reevaluation of pricing and sales strategies among luxury brands [28][30]. Group 4: Shift to Domestic Brands - The decline in imported luxury car sales is evident, with a reported 33% year-over-year drop in 2023, while domestic brands, particularly in the new energy vehicle sector, are gaining traction [34][60]. - The competitive landscape is shifting as domestic brands offer advanced technology and better value propositions, challenging traditional luxury brands [54][62].

Core Viewpoint - The article highlights Xiaomi's achievement of setting a new record for the fastest production electric vehicle at the Nürburgring Nordschleife, showcasing the company's technological advancements and commitment to quality and safety in the automotive industry [4][9][28]. Group 1: Performance Achievement - Xiaomi's SU7 Ultra achieved a lap time of 7 minutes 4.957 seconds, surpassing the previous record held by Porsche's Taycan Turbo GT [4][9]. - The vehicle is a legal production model, priced at 671,900 yuan, demonstrating that high performance can be accessible to consumers [8][9]. - This achievement marks a significant milestone for Chinese automotive manufacturing, positioning Xiaomi as a serious competitor in the electric vehicle market [9][28]. Group 2: Technical Insights - The SU7 Ultra's performance is attributed to its advanced engineering, including a self-developed V8s super motor with a power density of 10.14 kW/kg and a maximum speed of 346 km/h [23][36]. - The vehicle's weight is approximately 2.36 tons, which is heavier than Porsche's model, yet it maintains competitive performance through superior motor technology and design [18][22]. - Xiaomi's focus on high-tech, high-quality, and high-safety standards is evident in the vehicle's design and performance capabilities [28][49]. Group 3: Industry Context - The Nürburgring has historically been dominated by Porsche, making Xiaomi's achievement a significant disruption in the automotive industry [26][40]. - The article emphasizes the importance of technological innovation in overcoming challenges faced by Chinese automotive brands in a competitive market [35][44]. - Xiaomi's success at the Nürburgring is seen as a step towards gaining global recognition and respect in the automotive sector, challenging the traditional dominance of Western brands [45][49].