Core Viewpoint - Dongfeng Group's subsidiary, Lantu Automobile, will go public in Hong Kong through an introduction listing, while Dongfeng Group will simultaneously complete its privatization and delisting, marking an innovative transaction model that aims to strengthen Dongfeng's strategic layout and set a new benchmark for reform and innovation [1][3]. Group 1: Transaction Structure - The transaction involves a combination of "equity distribution + absorption merger," where Dongfeng Group will distribute 79.67% of its shares in Lantu Automobile to all shareholders, followed by Lantu's introduction listing on the Hong Kong Stock Exchange [3][4]. - After the transaction, Dongfeng Group will achieve 100% control through its wholly-owned subsidiary, Dongfeng Motor Group (Wuhan) Investment Co., Ltd., which will pay equity consideration to the controlling shareholder and cash consideration to other minority shareholders [4]. Group 2: Valuation and Market Performance - Dongfeng Group's overall valuation has been low, with a market capitalization of HKD 39.12 billion and a price-to-book (PB) ratio of only 0.25 as of July 31, 2025, indicating that the stock price has long been below net asset value [10]. - In contrast, Lantu Automobile has shown strong growth, delivering 85,697 vehicles in 2024, a year-on-year increase of approximately 70%, and has consistently achieved monthly sales exceeding 10,000 units since 2025 [10]. Group 3: Shareholder Benefits - The transaction offers a dual choice of cash and equity for minority shareholders, with a total acquisition price of HKD 10.85 per share, comprising HKD 6.68 in cash and HKD 4.17 in Lantu equity [11]. - This innovative approach is designed to enhance the value realization for shareholders, as Lantu's listing is expected to break the low valuation constraints of Dongfeng Group and facilitate a valuation logic shift [11][12]. Group 4: Strategic Implications - The combination of Lantu's introduction listing and Dongfeng Group's privatization is seen as a significant innovation and beneficial exploration, aiding Dongfeng in accelerating its transformation and allowing shareholders to share in Lantu's growth [12][13]. - The carefully designed transaction reflects Dongfeng's commitment to overcoming transformation challenges and demonstrates its role as a "national team" in the automotive industry [13].

近日，新能源重卡领域再传交付动态 ——Deepway 与三一各自完成一批新能源重卡交车。 DeepWay新能源重卡星途完成首批100辆交付并签订500辆订单！ 8月20日，DeepWay新能源重卡产销对接暨500辆签约100辆交付仪式在临沂临港顺利举行。 仪式上，DeepWay深向科技与永锋临港、钢投特钢、交运集团、荣庆物流等多家重点物流企 业共同完成星途短轴距车型首批100辆交付，并现场签订500辆新增订单。这标志着 DeepWay深向科技在新能源重卡市场规模化应用上再迎里程碑。 活动现场，徐上上代表DeepWay深向科技将象征着首批100台星途重卡的"金钥匙"正式交付 到重点物流企业代表手中。永峰临港、钢投特投、交运集团、荣庆物流等重点物流企业代表也 在随后发言中纷纷表示，DeepWay新能源重卡的投运不仅将大幅降低企业运营成本，更将以 智能化、高效稳定的车辆性能全面提升企业运输时效与安全等级，助力企业加快双碳目标下的 绿色转型。 三一重卡成功交付上海沪运运输 作为汽车钢板物流服务商，上海沪运运输引入三一电动重卡SE636，以四大优势升级其"安 全、高效、绿色"的运输体系，实现降本增效。 三一SE636的 ...

Core Viewpoint - Hanma Technology Group Co., Ltd. has shown significant growth in sales and revenue in the first half of 2025, indicating a recovery in the heavy truck market and a successful transition towards new energy vehicles [1][3]. Financial Performance - In the first half of 2025, Hanma Technology sold a total of 6,225 trucks, a year-on-year increase of 55.47% - Electric medium and heavy trucks accounted for 4,434 units sold, up 130.46% from the previous year - The company achieved operating revenue of 284,721.90 million yuan, a growth of 50.03% compared to the same period last year - The net profit attributable to shareholders was 27,728,253.03 yuan, marking a turnaround from a loss in the previous year [1][2]. Market Dynamics - The domestic heavy truck market is experiencing a recovery, with intensified competition - Hanma Technology is advancing its "alcohol-hydrogen + electric" technology development strategy to adapt to the changing market landscape [3]. Competitive Advantages - **Independent R&D Technology Platform**: The company emphasizes technology introduction and independent innovation, collaborating with universities and international firms to enhance its technological capabilities [5]. - **Complete Industry Chain**: Hanma Technology integrates heavy truck chassis, complete vehicles, and specialized vehicle production, along with core component manufacturing, creating a comprehensive industry chain for electric and methanol heavy trucks [6]. - **Robust Marketing and After-Sales Service Network**: The company has established effective marketing channels and a comprehensive after-sales service network to enhance customer satisfaction [7]. - **Brand Strength**: Hanma Technology owns two well-known brands, Xingma Special Vehicles and Hualing Heavy Trucks, which are recognized in the market and supported by strong promotional efforts [8]. - **Talent Advantage**: The company adopts a talent-centric approach, offering competitive policies and a conducive environment to attract skilled professionals [10]. - **Management Excellence**: Hanma Technology has developed a comprehensive management system that integrates various operational aspects, ensuring efficiency and quality control [11].

Core Viewpoint - The sales of new energy heavy trucks, particularly charging heavy trucks, have shown significant growth, with July 2025 sales reaching 16,600 units, marking a 152% year-on-year increase and a 205% increase for charging heavy trucks [4][32]. Sales Performance - In July 2025, the total sales of new energy heavy trucks reached 16,600 units, with a month-on-month decrease of 8% but a year-on-year increase of 152% [4][32]. - Charging heavy trucks accounted for 98.07% of the total sales, with 11,400 units sold, representing a year-on-year growth of 205% [4][32]. - Charging heavy trucks have achieved 19 consecutive months of doubling growth and have outperformed the overall new energy heavy truck market for 23 months [32]. Market Share and Competition - The market share of charging heavy trucks is dominated by five companies, with SANY and XCMG leading at 21.47% and 16.06% respectively [22]. - In the first seven months of 2025, the cumulative sales of charging heavy trucks reached 63,800 units, a 227% year-on-year increase, with 11 out of the top 12 companies achieving growth [20][22]. Segment Analysis - From January to July 2025, the sales of charging tractors and dump trucks accounted for 68.73% and 13.46% of the total sales respectively, with charging tractors showing a significant year-on-year increase of 333% [24][28]. - Charging dump trucks sold 8,591 units in the same period, reflecting a 106% year-on-year growth, although this was lower than the overall growth rate of charging heavy trucks [28][30]. Geographic Distribution - By July 2025, charging heavy trucks were registered in all 31 provincial-level administrative regions in China, with 309 cities having registered charging heavy trucks [12][32]. - Major cities such as Shanghai, Shenzhen, and Chengdu have seen significant registration numbers, with nine cities registering over 1,000 units [12]. Future Outlook - The remarkable growth in the charging heavy truck sector raises questions about the sustainability of this trend moving forward, especially as the market continues to evolve [32].

Core Viewpoint - The public announcement of the candidates for the 2025 bus procurement project by China Xiong'an Group Transportation Co., Ltd. highlights the competitive bidding process and the selected candidates for the project [1][2]. Group 1: Project Overview - Project Name: China Xiong'an Group Transportation Co., Ltd. 2025 Bus Procurement Project [3][11] - Bid Section Number: GKZB(FYF)20250718000003-001 for the first section and GKZB(FYF)20250718000003-002 for the second section [3][11] - Industry Classification: Other Resident Services [3][11] - Procurement Method: Open bidding (non-mandatory) [3][11] - Evaluation Time: August 18, 2025 [3][11] - Public Announcement Period: August 21, 2025, to August 25, 2025 [3][11] Group 2: First Bid Section Candidates - First Candidate: CRRC Times Electric Vehicle Co., Ltd. with a bid of 40.9933 million yuan and a score of 94.3 [4] - Second Candidate: Nanjing Jinlong Bus Manufacturing Co., Ltd. with a bid of 41.0487 million yuan and a score of 92.38 [5] - Third Candidate: Hebei Xiong'an Green Xinrui Control New Energy Technology Co., Ltd. with a bid of 40.9870 million yuan and a score of 92.01 [6] Group 3: Second Bid Section Candidates - First Candidate: Nanjing Jinlong Bus Manufacturing Co., Ltd. with a bid of 34.748 million yuan and a score of 96.65 [11] - Second Candidate: Hebei Xiong'an Green Xinrui Control New Energy Technology Co., Ltd. with a bid of 34.965 million yuan and a score of 93.61 [12] - Third Candidate: Xiamen Jinlong Travel Bus Co., Ltd. with a bid of 34.930 million yuan and a score of 93.23 [13] Group 4: Contact Information - Procurement Contact: Yan Manager, China Xiong'an Group Transportation Co., Ltd. [7] - Procurement Address: No. 100, Chongwen North Road, Rongdong District, Rongcheng County, Xiong'an New Area, Hebei [7] - Bidding Agency: Zhongyu Xinda Project Management Co., Ltd. [7]

8月21日，250辆中通客车出口西非国家布基纳法索发车仪式在山东聊城举行。这批凝聚着中非友谊的客车即将跨越撒哈拉，投入到布 基纳法索首都瓦加杜古的公交系统运营中。 据悉，此次出口车辆全部为中通N系城市客车，这也是布基纳法索首次大批量的引进现代化城市客车。 自2003年布局非洲市场以来，中通客车历经二十载耕耘，见证和推动着非洲交通出行的升级变迁。 从早期的领御、世纪等经典车型，到如今热销的N系城市客车、H系旅团客车，越来越多的中通客车驰骋在埃及、尼日利亚、阿尔及利 亚、坦桑尼亚、科特迪瓦等国家，持续为非洲民众打造更加美好、绿色、舒适的公共出行条件。 如今在"一带一路"倡议的引领下，中非各领域合作正迈向高质量发展的新阶段。中通客车积极响应"走出去"战略，持续扩大国际合作的 广度和深度。 西非人口约2.23亿，是非洲人口密度最高和经济活动最活跃的区域之一，在非洲整体发展格局中扮演着关键角色。 近年来，西非更是在区域互联互通、经济一体化及基础设施建设方面处于引领地位，积极深入推进交通现代化转型，提升城市服务能 力，改善民众生活品质。 该批车辆全部基于中通客车成熟的N系公交平台，产品可靠，性能优化，历经市场多年验证。 ...

Core Viewpoint - The article highlights the reliability and efficiency of the Yuchai K14N gas engine, as experienced by a long-time truck driver, emphasizing its advantages in the current transportation industry, particularly in the context of rising fuel prices and the shift towards gas-powered vehicles [1][11]. Group 1: User Experience - The driver, Mr. Tang, has over 20 years of experience in the freight industry and has transitioned from long-distance to short-distance coal transportation, finding the Yuchai K14N gas engine to be his preferred choice due to its reliability and low energy consumption [2][5]. - Mr. Tang's current vehicle is a Dongfeng Tianlong heavy truck equipped with the Yuchai K14N engine, which he believes performs exceptionally well under various operating conditions [4][6]. Group 2: Performance and Efficiency - The Yuchai K14N gas engine boasts a maximum power of 540 horsepower and a maximum torque of 2500 Nm, making it suitable for challenging terrains, including high-altitude areas with significant elevation changes [8][9]. - The engine has demonstrated excellent fuel efficiency, with an average gas consumption of around 30 kg per 100 km, allowing for a range exceeding 1000 km with a 1350-liter gas tank [13][11]. Group 3: Market Trends - The increasing adoption of gas heavy trucks is driven by rising oil prices and the affordability of gas, indicating a strong market demand for efficient and reliable gas engines like the Yuchai K14N [11][15]. - The article suggests that the shift towards gas vehicles is becoming a necessity for truck drivers to maintain profitability in a competitive market [11].

Core Viewpoint - The natural gas heavy truck market in China has experienced a continuous decline, with a significant year-on-year drop in sales, indicating a challenging environment for the industry moving forward [3][34]. Sales Performance - From March to July 2025, the natural gas heavy truck market faced a "5 consecutive declines," with an average year-on-year decline of 27% over these five months [34]. - In July 2025, sales reached 14,000 units, representing a year-on-year decrease of 22%, marking the fifth consecutive month of decline [6][10]. - Cumulative sales from January to July 2025 totaled 105,500 units, down 17% compared to the same period last year, with a net decrease of over 21,100 units [27][34]. Market Share - In July 2025, the market share of natural gas heavy trucks was 21.77%, an increase from 19.45% in June, but still lower than previous months [10]. - The top five companies in the natural gas heavy truck market in July 2025 were: - FAW Jiefang: 3,783 units (-29%) - China National Heavy Duty Truck Group: 2,908 units (-31%) - Dongfeng Motor: 2,688 units (-8%) - Shaanxi Automobile Group: 2,093 units (-3%) - Foton Motor: 2,031 units (-11%) [20][24]. Regional Analysis - Sales distribution across regions remains uneven, with Hebei, Henan, Shandong, and Shanxi being the top four provinces for natural gas heavy truck registrations from January to July 2025 [14]. - Some regions like Xinjiang, Sichuan, Inner Mongolia, Gansu, Chongqing, and Jilin saw an increase in sales, while major provinces like Hebei and Henan experienced significant declines [16]. Price Factors - Natural gas prices remained relatively stable in 2025, averaging around 4,400 RMB/ton in the first two months, with slight increases in March and April [12]. - The price difference between oil and gas has narrowed, making the impact of gas prices on the natural gas heavy truck market negligible [12]. Conclusion - The natural gas heavy truck market is facing significant challenges with declining sales and market share, and the outlook for recovery remains uncertain as the year progresses [34][35].

Core Viewpoint - The entry of FAW J7 model equipped with CA6SX1 natural gas engine into the Peruvian market marks a significant step for the company in its global expansion strategy, particularly in the promising Latin American commercial vehicle market [1][3]. Group 1: Market Demand and Product Fit - Peru's commercial vehicle market shows a rising demand for environmentally friendly and economical vehicles, with natural gas power becoming a preferred choice in the logistics sector [3]. - The CA6SX1 natural gas engine is designed to meet the local market's needs for green transportation equipment, offering strong power, energy efficiency, and cost-effectiveness [3]. Group 2: Service and Support Strategy - To ensure the successful launch of the new product, the company has established a comprehensive service support system, enhancing service network construction in major cities like Lima and Arequipa [3]. - The company has prepared core engine parts and consumables, collaborating with local logistics providers to create a rapid supply mechanism for parts [3]. - Technical training for local service personnel has been implemented, covering engine structure analysis, fault diagnosis, and maintenance, alongside a 24/7 remote technical support team [3]. Group 3: Future Plans - The company plans to use the Peruvian market as a starting point to deepen the standardization of its service network in Latin America, enhancing collaboration with local dealers to improve service efficiency and market response speed [3]. - Focus will be placed on understanding user needs to inform product improvement directions, aiding in future model iterations and optimizing service strategies to ensure alignment with market expansion [3].

Core Viewpoint - The article discusses the public announcement of candidates for the old bus replacement project by Beijing Junma Passenger Transport Co., Ltd, detailing the bidding results and the selected candidates for various packages [1][3]. Group 1: Bidding Results - The first package's winning bid was from Beijing Haige Century Automobile Sales Co., Ltd with a bid of 47.4606 million yuan [1]. - The second package's winning bid was from Beijing Ruige Lutu Automobile Sales Service Co., Ltd with a bid of 43.4257 million yuan [1]. - The third package's winning bid was again from Beijing Ruige Lutu Automobile Sales Service Co., Ltd with a bid of 23.4873 million yuan [1]. - The fourth package's winning bid was from Zhongtong Bus Holding Co., Ltd with a bid of 17.396 million yuan [1]. - The total bid amount for the four packages was 131.7696 million yuan [1]. Group 2: Evaluation and Qualification - The evaluation scores for the first package were: Beijing Haige Century Automobile Sales Co., Ltd scored 94.64, Zhongtong Bus Holding Co., Ltd scored 93.43, and Beijing Ruige Lutu Automobile Sales Service Co., Ltd scored 93.14 [3]. - For the second package, Beijing Ruige Lutu Automobile Sales Service Co., Ltd scored 93.71, Zhongtong Bus Holding Co., Ltd scored 93.14, and Beijing Haige Century Automobile Sales Co., Ltd scored 45.50 [4]. - In the first package of the third segment, Beijing Ruige Lutu Automobile Sales Service Co., Ltd scored 93.23, Zhongtong Bus Holding Co., Ltd scored 92.51, and CRRC Times Electric Vehicle Co., Ltd scored 89.87 [5]. - The qualification conditions for all winning candidates were fully compliant with the tender requirements [3][4][5]. Group 3: Delivery Schedule - The delivery date for the first package of the 10.5-meter pure electric bus is set for October 11, 2025 [7]. - The delivery date for the second package of the 10.5-meter pure electric bus is set for October 15, 2025 [7]. - The delivery date for the first package of the 8.5-meter pure electric bus is also set for October 15, 2025 [7]. - The delivery date for the second package of the 8.5-meter pure electric bus is set for October 10, 2025 [7]. Group 4: Contact Information - The contact person for the bidding company is Mr. Tian, located at Beijing Junma Passenger Transport Co., Ltd, with a phone number of 010-69477878 [10]. - The bidding agency is Beijing Muchen Project Management Co., Ltd, with contact persons Mr. Li Zhongyi and Mr. Liu Chennan, and a phone number of 186 0196 6676 [10].