Core Insights - The collaboration between Andes Technology and Jingwei Hengrun focuses on advancing the in-vehicle RISC-V ecosystem, aiming to transition the technology from "usable" to "deliverable" [1][3] - Key discussions included software stack maturity, engineering efficiency, verification processes, and ecosystem collaboration, laying a solid foundation for future technical implementation [1][3] Group 1 - Experts reached a consensus that in-vehicle scenarios demand stringent requirements for technology certainty, safety, and maintainability, with a stable software platform and toolchain being crucial for efficient technology deployment [3] - Jingwei Hengrun plans to enhance its engineering platform capabilities for the in-vehicle RISC-V architecture, developing a full-stack system that covers demand definition, underlying software, complex middleware, and self-developed toolchains [3] - The company aims to create reusable software modules and automated toolchains to help ecosystem partners build complete solutions from chips to applications, effectively lowering the technical entry barrier and project risks [3] Group 2 - Andes Technology recognizes Jingwei Hengrun's platform-oriented layout and practical achievements in the in-vehicle RISC-V field, committing to provide high-performance, highly configurable vehicle processor cores and a complete development environment [3] - Both companies will continue regular exchanges with partners to enhance engineering practices and toolchain development for in-vehicle RISC-V, improving ecosystem collaboration mechanisms and delivery systems [3] - The goal is to jointly advance towards a safer, more efficient, and open era of in-vehicle computing platforms [3]

12月18日，东风汽车股份有限公司（以下简称"东风股份"）旗下东风襄阳旅行车有限公司（以下简称"东风襄旅"）运营启动暨首批55台东风天翼公交订单交 付活动在襄阳举行。这标志着东风襄旅在完成组织与人员划转后，正式开启实体化运营。 襄阳市政府党组成员张驰，市经信局副局长张晓辉，高新区管委会党组成员黄勇，客户代表大悟公交公司总经理铁红胜、副总经理姚舜，东风股份副总经理 黄臻、东风襄旅副总经理（主持工作）常东兵等共同参加活动。 黄臻代表东风股份感谢各级政府和大悟公交客户的信任。他同时要求，东风襄旅要将"以客户为中心"的理念深植于运营全链条，以卓越的产品和服务回报客 户、贡献地方经济，努力成为东风股份事业版图中强劲的增长极。 东风襄旅副总经理（主持工作）常东兵阐述了实体化运营后的发展战略。东风襄旅将聚焦客车及底盘市场开拓与专用车业务拓展，并着力培育智能化、网联 化、新能源及无人驾驶装备等新业务增长点。致力于在产品技术上担当"引领者"，在市场开拓上成为"开拓者"，在体系建设上做好"示范者"，成为一家立足 襄阳、面向全国、具备创新能力和制造实力的新型商用车企业。 在全体嘉宾的见证下，一把象征着"卓越品质、无忧服务、永恒信任 ...

Core Viewpoint - The European Commission has officially withdrawn its plan to ban the sale of new gasoline vehicles starting in 2035, opting for a more flexible emissions reduction strategy that requires a 90% reduction in CO2 emissions from new cars compared to 2021 levels by 2035, rather than the previous 100% target [2][3][4]. Emission Reduction Changes - The initial aggressive target of a complete ban on gasoline vehicles was proposed in 2021, which led to significant industry upheaval. The European Parliament passed a zero-emission agreement in February 2023, but under pressure from countries like Germany and Italy, the EU made compromises, allowing for exemptions for vehicles using synthetic fuels [3][4]. - The new proposal allows for a 90% reduction in emissions, with the remaining 10% potentially offset by using low-carbon steel, synthetic fuels, or non-food biofuels. Additionally, a three-year window from 2030 to 2032 has been established, requiring a 55% reduction in passenger car emissions and a 40% reduction for vans compared to 2021 levels [3][4]. Market Implications - The policy shift allows for various vehicle types, including plug-in hybrids and traditional gasoline vehicles, to remain in the market while still aiming for significant emissions reductions. However, the majority of vehicles sold will still need to be zero-emission to meet the 90% reduction target [4][9]. - The slow adoption of electric vehicles has been a critical factor in this policy adjustment, with European automakers like Volkswagen and Stellantis advocating for more lenient targets due to weak demand for electric vehicles [4][5]. Competitive Landscape - European automakers are facing competitive pressure from companies like Tesla and Chinese manufacturers, prompting the need for policy adjustments to protect local market shares. The German government has been a key advocate for this policy change, emphasizing a "technology-neutral" approach to maintain industrial competitiveness [5][6]. - The decision to retain the internal combustion engine market while offsetting emissions through other means is seen as a pragmatic approach that aligns with current market conditions [5][6]. Legislative Process - The new proposal requires approval from EU member states and the European Parliament, indicating that the coordination process may be complex and contentious due to differing national interests [6]. Support for Small Electric Vehicles - The EU has introduced a new regulatory category for small electric vehicles (M1E), aimed at promoting urban commuting solutions. This category includes vehicles under 4.2 meters in length, with incentives for manufacturers producing these models [9][10]. - The EU plans to set more lenient requirements for safety and range for M1E vehicles and will implement a "super credit" system, allowing manufacturers to earn additional carbon credits for each small electric vehicle sold, thereby easing overall emissions reduction pressures [10][11]. Corporate Strategy - Companies like Stellantis and Renault are positioned to benefit significantly from the new M1E category, as they have been advocating for differentiated regulatory policies for small vehicles. Stellantis has noted a drastic reduction in affordable small car models due to regulatory costs, highlighting the need for additional support [10][11]. - The EU's push to increase the electric vehicle procurement ratio in corporate fleets is seen as a crucial lever to boost electric vehicle demand, as corporate fleets account for a significant portion of vehicle sales in the EU [12]. Overall Assessment - While the EU has abandoned the "one-size-fits-all" ban on internal combustion vehicles, it has not relinquished its core emissions reduction goals. The new approach seeks a balance between industrial protection and environmental objectives, although internal disagreements among member states and increasing global competition in the electric vehicle sector present challenges for successful implementation [13].

全球特种材料公司伊士曼旗下汽车膜品牌威固（V-KOOL）近日宣布，与全新开幕的江南织艺文化馆达成合作，为馆内展厅及展区展品提供iQUE™居 家膜保护服务，用于丝绸及其他珍贵艺术品的长期保护。此次跨界携手，不仅诠释了威固在居家膜领域追求的"博物馆级保护"理念，也通过产品力求卓越的 防护性能，让即使如丝绸般纤细精致的艺术品，亦能在光影与时光中长久保持原有的美丽与质感，以科技之名，赋予光线艺术的品格。 图为：江南织艺文化馆威固IQE60产品应用展区 此次应用于江南织艺文化馆展区的iQE60产品，对紫外线的阻隔率高达99%，能够提供有效的防晒，防褪色、防老化保护，延缓丝绸文物的老化与褪 色，并保持光线自然通透，确保观展体验清晰舒适，纯净无扰，精准还原丝绸纤维的细腻质感，使艺术品的真实美感得以完整呈现。更重要的是，威固居家 膜能在玻璃意外破损时牢固粘连碎片，避免飞溅伤人，全面提升展品的安全防护等级，为艺术品的展示与欣赏提供全方位守护。 图为：威固IQE60产品施工准备 威固始终相信，产品的价值不仅在于利用前沿科技打磨及提升性能，更在于能否守护人类的美好。此次合作既是iQUE™ 居家膜的应用，也是威固与文 化保护深度结合 ...

Group 1 - The third Off-Road Ecological Development Conference and the annual meeting of the Off-Road Vehicle Branch of the China Automobile Industry Association will be held in Xiangyang, Hubei, from December 18 to 21, 2025, focusing on the technological paths, market trends, and integration practices of the off-road vehicle industry amid the waves of electrification and intelligence [1] - The off-road vehicle market in China is experiencing strong growth, with sales rapidly increasing since 2020 and expected to surpass one million units, with domestic brands accounting for nearly 70% of the market share [3] - The conference emphasizes the importance of innovation and win-win ecological co-construction rather than zero-sum competition, featuring a comprehensive platform for policy interpretation, technical discussions, ecological cooperation, and experiential scenarios [5] Group 2 - The off-road vehicle industry has a dual mission to serve both national defense needs and enhance the quality of civilian vehicles, with increasing demands for battery safety, reliability in extreme environments, and intelligent chassis control [7] - Domestic brands are expected to capture nearly 90% of the off-road market under 300,000 yuan and have made breakthroughs in the luxury market above 500,000 yuan, while challenges remain in drive technology and core component autonomy [9] - The penetration rate of electric vehicles in the off-road segment has surpassed 40%, with significant growth expected in the market, particularly among younger consumers and women, as the competitive landscape shifts towards domestic brands [11][13] Group 3 - The conference showcased various companies sharing their experiences in brand heritage, technology platforms, and military-civilian integration, highlighting the diverse cultural development and community ecology of off-road vehicles [15] - The event signifies a transition from a traditional "manufacturing-sales" model to a new model of "people, vehicles, wilderness, and ecological co-construction," indicating a consensus within the industry [18]

Core Insights - The "2025 Yingzhong Automotive Cross-Strait (Xiamen) Motorsports Super League & F4 Formula China Masters Race" was officially launched on December 20, marking a significant event in motorsports culture between the two sides of the Taiwan Strait [1][5] - The event features two major competitions, the annual finale of the Cross-Strait Motorsports Super League and the debut of the F4 Formula China Masters Race in Xiamen, enhancing the city's sports tourism brand and promoting cultural exchange [1][11] Event Overview - The event attracted over 300 drivers and 200 cars, with more than 40 participants from Hong Kong, Macau, and Taiwan, setting a historical scale for the competition [7] - The races include various core events such as endurance races, TA races, lap speed races, and motorcycle invitation races, with some events certified as C-level by the China Automobile and Motorcycle Sports Federation [7][11] F4 Formula China Masters Race - The F4 Formula China Masters Race, a national-level event organized by the China Automobile and Motorcycle Sports Federation, is the highlight of the competition, featuring 16 top domestic drivers [11] - The race format includes two days of competition with practice sessions, qualifying rounds, and two final races, aiming for the driver and team championship titles [11] Cultural and Tourism Integration - The event includes various cultural activities, such as a vintage car display and a food experience area showcasing cross-strait culinary culture, enhancing the overall spectator experience [18][21] - Special areas for families and children were set up to engage younger audiences, promoting a fun and interactive environment [21] Strategic Collaborations - A strategic partnership was established between Xiamen Media Group and Xiamen International Circuit to enhance the integration of motorsports culture with urban culture and tourism [23] - The event is co-hosted by multiple organizations, including Yingzhong Automotive and local government bodies, indicating strong support for the development of motorsports in the region [25]

Core Viewpoint - Chery Group has entered the top three in the wholesale sales ranking of new energy vehicle manufacturers in November, selling 116,794 units, a year-on-year increase of 50.1%, and achieving a cumulative sales of over 814,000 units from January to November, a growth of 69.4% [1][3]. Group 1: Sales Performance - In November, Chery's sales of new energy vehicles reached 116,794 units, marking a 50.1% increase year-on-year and achieving a "four consecutive months" growth [1]. - Cumulative sales from January to November exceeded 814,000 units, reflecting a year-on-year growth of 69.4% [1]. - The momentum suggests that annual sales of new energy vehicles are on track to approach one million units [1]. Group 2: Product Strategy - Chery's entry into the top three is attributed to its multi-brand and multi-technology product strategy, which covers a wide range of price segments and niche markets [3]. - The company has successfully launched several flagship models, including the A9L and T11, which have shown strong market performance, with T11 receiving over 38,000 orders within 24 hours of its launch [5]. - The introduction of new models has been frequent, with a strategy of launching competitive products almost monthly, catering to diverse consumer needs [5]. Group 3: Technological Advancements - Chery's sales growth is rooted in its substantial investment in R&D across traditional powertrains, new energy technologies, and smart systems [7]. - The company has developed a robust technical moat, with its Kunpeng Tianqing hybrid engine achieving a thermal efficiency of over 48%, placing it at a global leading level [7]. - Chery is also advancing in next-generation battery technology, with breakthroughs in solid-state batteries that have an energy density of 600Wh/kg, set for validation in 2027 [7]. Group 4: Global Expansion and Brand Positioning - Chery is not only focusing on domestic sales but is also accelerating the globalization of its new energy products and pushing for brand elevation into higher value segments [11]. - The company has received recognition in international markets, with models like the Tiggo 8 winning awards and achieving high safety ratings in Europe [11]. - The launch of the luxury hybrid off-road vehicle, Zongheng G700, in Dubai signifies Chery's ambition to establish a global brand presence in high-end technology [12]. Group 5: Market Strategy and Brand Development - Chery's product lineup spans from mainstream to high-end segments, creating a complete brand pyramid that avoids competition in a single price range [14]. - The company is leveraging its technological capabilities to explore growth opportunities across different market segments, both domestically and internationally [14]. - Chery's long-term strategy emphasizes the importance of technological accumulation and systematic product development, positioning it for sustained leadership in the new energy vehicle sector [14].

根据《指南》，除依法降价处理积压商品外，汽车生产企业、汽车销售企业均不得以排挤竞争对手或者独占市场为目的，实施"折扣、补贴等价格优 惠手段"、"非对等物资串换"、"以物抵债"、"多发货少开票或不开票方法"等九类价格行为，使实际出厂价格低于其生产成本、实际销售价格低于进货成 本。这意味着，"亏本卖车"将不复存在。 《指南》一经发布，立即得到比亚迪、小鹏汽车、北汽集团、奇瑞汽车等多家车企积极响应。但也有不少网友对明年汽车产品价格的涨跌产生疑 惑："这算不算是给了车企涨价的理由？明年买车是不是要涨价？" 对此，国务院发展研究中心市场经济研究所副所长王青认为，在当前及未来的市场供求及竞争形势下，车价上涨的可能性并不大，不过下降的频度和 幅度或将有所降低。"现在来看，《指南》在具体操作上还存在一些难点，如成本如何准确核算、新能源汽车与燃油车定价和运营逻辑的差异性如何解 决、会不会抑制合理的价格竞争等等。"王青说。 北方工业大学汽车产业创新研究中心主任纪雪洪表示，《指南》的核心目的在于规范整车企业低价倾销等恶性竞争行为，对产销关系进行明确约束。 至于《指南》是否会引起车价上涨，他认为消费者无需担心。在他看来，当前汽车市场 ...

Group 1 - The establishment of the Yunnan Plateau Testing Base marks an expansion of Geely's global testing and validation capabilities, enhancing its vehicle development for unique climatic and geographical conditions [1][3] - The base serves as a core testing hub in Southwest China, leveraging the unique high-altitude emission testing qualifications and the natural advantages of the Yunnan-Tibet region, which includes high altitude, large temperature differences, strong sunlight, and diverse terrains [3] - Geely's rigorous R&D philosophy is embodied in the base, which combines virtual simulations with real-world testing to achieve multidimensional and high-precision validation of vehicle performance [3] Group 2 - Geely adheres to a strict testing standard for each production model, requiring over 2.6 million kilometers of virtual simulation testing and 1.5 million kilometers of real road testing before market launch [3] - The company has completed a global layout of 16 testing bases across five major regions: Europe, Asia, America, Australia-New Zealand, and Africa, ensuring comprehensive validation for extreme climates, complex road conditions, and regional regulations [3] - This extensive validation system enables Geely to develop products that are adaptable to global markets, continuously providing safe and reliable mobility solutions for users in different countries and regions [3]

Core Insights - The automotive market is entering a critical year-end phase, with major car manufacturers accelerating sales efforts to deliver impressive results by year-end. BYD, as a leader in the electric vehicle sector, has achieved remarkable sales figures and is solidifying its global presence [1] Sales Performance - In November, BYD achieved a record monthly sales figure of over 480,000 units, showcasing its strong market appeal and widening the gap with competitors like Tesla and Volkswagen. BYD ranked first in both total sales and electric vehicle sales among Chinese automotive groups [2] - Cumulatively, BYD's sales reached 4.182 million units in the first eleven months of 2025, marking an 11.3% year-on-year increase, with a completion rate of over 90% of its annual sales target [6] Competitive Positioning - BYD's sales performance is supported by a comprehensive and optimized product matrix. The Dynasty and Ocean series have seen significant sales, with the Qin family selling 70,824 units in November and the Yuan family selling 47,835 units [8] - The high-end brand, Fangchengbao, achieved sales of 37,405 units in November, reflecting a staggering 339% year-on-year growth, while the Tengshi brand also showed strong performance with 13,255 units sold [9] Global Expansion - BYD's overseas sales reached 131,661 units in November, representing a 297% year-on-year increase. Cumulatively, overseas sales exceeded 910,000 units in the first eleven months of 2025, more than double the total for 2024 [10] - As of November 2025, BYD's cumulative global electric vehicle sales reached 14.7 million units, reinforcing its position as a leader in the global electric vehicle market [11]