Core Insights - The visit by the company's chairman and technical team to Geely's Zeekr Meishan factory marks the initiation of a collaboration focused on "large integrated die-casting" technology, aiming to address manufacturing bottlenecks in the automotive industry and promote independent breakthroughs in key manufacturing technologies in China [1][3]. Group 1: Collaboration Objectives - The partnership aims to integrate advanced materials and technologies in powder metallurgy and additive manufacturing to meet Geely's urgent needs in large integrated die-casting manufacturing [3][4]. - The company will develop customized high-performance die-casting steel materials to enhance thermal stability, thermal conductivity, and lifespan, directly improving Geely's production efficiency and reducing costs associated with mold maintenance [3][4]. Group 2: Technological Innovations - The company plans to apply results from national key research projects to optimize the manufacturing and remanufacturing of molds, particularly for complex cooling channel molds, thereby improving cooling efficiency and reducing production cycles [4][6]. - Advanced repair technologies, such as laser cladding, will be utilized to perform precise repairs on existing molds, saving costs and minimizing downtime for Geely [4][6]. Group 3: Comprehensive Technical Support - The company commits to providing a full-spectrum technical support system for Geely, covering material selection, application guidance, and failure analysis, ensuring a collaborative approach to overcoming technical challenges [4][6]. - A joint technical working group will be established to facilitate ongoing cooperation and address various technical challenges during product development and mass production [4][6]. Group 4: Future Outlook - The collaboration is seen as a significant step towards enhancing supply chain resilience and achieving efficiency and quality in Geely's core manufacturing processes [6]. - Both parties express a commitment to exploring innovative materials and processes, aiming to elevate China's automotive industry in key manufacturing technologies and new material applications [6][7].

Core Viewpoint - The collaboration between Tiangong International and Geely Auto marks a significant step in integrating advanced materials and manufacturing technologies in the automotive industry, specifically in the area of large-scale integrated die-casting [1][4]. Group 1: Collaboration Overview - Tiangong International's chairman and technical team visited Geely Auto's Zeekr Meishan factory, initiating a partnership focused on overcoming manufacturing bottlenecks in the automotive sector [1]. - The partnership aims to leverage Tiangong's expertise in powder metallurgy and additive manufacturing to meet Geely's urgent needs in large-scale integrated die-casting [2][3]. Group 2: Key Areas of Focus - Customized Material Development: Tiangong will develop a new generation of high-performance die-casting mold steel tailored to Geely's requirements, addressing common industry challenges such as thermal fatigue and wear [2]. - Additive Manufacturing Technology: Tiangong will apply its research outcomes to enhance mold manufacturing and repair processes, optimizing cooling efficiency and reducing production downtime [3]. - Comprehensive Technical Support: The companies will establish a joint technical working group to address various technical challenges throughout product development and mass production [3]. Group 3: Future Outlook - The collaboration is seen as a benchmark for the industrial application of national-level research project outcomes, enhancing supply chain resilience and efficiency for Geely Auto [4]. - Both companies expressed commitment to exploring innovative materials and processes, aiming to achieve higher levels of autonomy and global leadership in critical manufacturing technologies [4].

Core Viewpoint - The collaboration between Tiangong International and Geely Auto marks a significant step in integrating advanced materials and manufacturing technologies in the automotive industry, specifically in the area of large-scale integrated die-casting [1][4]. Group 1: Collaboration Overview - Tiangong International's leadership visited Geely Auto's Zeekr Meishan factory to initiate a partnership focused on large-scale integrated die-casting technology [1]. - The partnership aims to address manufacturing bottlenecks and enhance China's automotive industry's capabilities in key manufacturing technologies [1][4]. Group 2: Technological Advancements - Tiangong International will leverage its expertise in powder metallurgy to develop customized high-performance die-casting mold steel for Geely Auto, targeting improvements in thermal stability, thermal conductivity, and lifespan [2][3]. - The collaboration will utilize advanced additive manufacturing techniques to optimize mold cooling efficiency and reduce production cycles, while also enabling precise repairs of existing molds to minimize costs and downtime [3]. Group 3: Comprehensive Technical Support - The partnership includes a commitment to provide comprehensive technical support throughout the entire lifecycle of the molds, from material selection to failure analysis and solution provision [3]. - A joint technical working group will be established to address various technical challenges during product development and mass production, ensuring the sustainability and effectiveness of the collaboration [3][4]. Group 4: Future Outlook - The collaboration is seen as a benchmark for the industrial application of national-level research project outcomes, enhancing supply chain resilience and efficiency for Geely Auto [4]. - Both companies expressed their intent to explore further innovations in materials and processes, aiming to achieve higher levels of autonomy and global leadership in critical manufacturing technologies and new material applications within the Chinese automotive industry [4].

Core Viewpoint - Geely Automobile (00175) announced the issuance of a total of 47,000 shares on October 20, 2025, due to the exercise of stock options [1] Group 1 - The company will issue shares as a result of stock option exercises [1]

Core Viewpoint - Geely Automobile announced the issuance of a total of 47,000 shares due to the exercise of stock options on October 20, 2025 [1] Company Summary - Geely Automobile will issue 47,000 shares as a result of stock option exercises [1]

公司名稱： 吉利汽車控股有限公司 FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 呈交日期： 2025年10月20日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 00175 | 說明 | | | | | | | | 多櫃檯證券代號 | 80175 | RMB 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份） ...

Core Viewpoint - The automotive industry is entering a new phase of technological breakthroughs and application scenarios, with AI technology driving the evolution of vehicles into "intelligent life forms" [1][2] Group 1: AI Technology Integration - The company has established a foundational AI technology framework driven by computing power, algorithms, and data, integrating AI deeply into vehicle architecture, power systems, chassis, and cockpit [1] - AI technology achievements in areas such as cockpit, power, chassis, and architecture have been mass-produced and applied to vehicles, enhancing the overall vehicle architecture, intelligent three-electric systems, human-machine interaction, assisted driving, and onboard chips [1] Group 2: Comprehensive Technological Ecosystem - The company has pioneered a "ground + low-altitude + low-orbit" seamless integration technology ecosystem to support the development of intelligent connected vehicles [2] - The first phase of the company's satellite constellation has been completed, achieving breakthroughs in private commercial aerospace [2] - Self-developed satellite communication chips and onboard satellite communication terminals have been mass-produced and are being equipped in multiple brand models [2]

据国家市场监督管理总局官网10月17日公告，日前，浙江吉利汽车有限公司根据《缺陷汽车产品召回管 理条例》《缺陷汽车产品召回管理条例实施办法》和《机动车排放召回管理规定》的要求，向国家市场 监督管理总局备案了召回计划。 公开资料显示，吉利缤瑞是由吉利汽车推出的紧凑型轿车系列，主打运动风格，主要面向年轻消费群 体。该车系于2018年首次发布普通版车型，随后陆续推出缤瑞COOL系列（含风驰版、电掣版、雷霆 版）、冠军版及龙腾版等衍生版本。 召回编号E2025M0168I：自即日起，召回2018年12月17日至2020年3月31日期间生产的部分2019款缤瑞 1.0T-6DCT和缤瑞1.0T BJ6汽车，共计46108辆。 二级市场上，截至17日收盘，吉利汽车（港股代码：00175）跌4.52%，报18.38港元/股，总市值1860亿 港元。 本次召回范围内的车辆，发动机机油加注口盖及用户使用手册上的适配机油型号提示标识不够明确，可 能导致用户后续使用的机油型号与发动机不适配。极端情况下，可能造成发动机损坏，存在安全隐患和 不合理排放。 本次召回活动是在国家市场监督管理总局启动缺陷调查情况下开展的。浙江吉利汽车有限公 ...

Investment Rating - The report maintains a positive investment rating for the automotive and automotive parts industry, highlighting potential growth opportunities in the sector [6]. Core Insights - The automotive industry is experiencing a sequential increase in sales and favorable cost conditions, with a notable rise in both total and new energy vehicle sales in Q3 2025 [2][3]. - The report emphasizes the importance of intelligent and globalized breakthroughs in the automotive sector, recommending key players such as Geely, Xpeng, Li Auto, BYD, and Xiaomi Group [4][5]. Summary by Sections 0.1 Passenger Vehicles - Total passenger vehicle sales in Q3 2025 reached 7.686 million units, representing a year-on-year increase of 14.7% and a quarter-on-quarter increase of 8.1% [11][24]. - New energy passenger vehicle sales were particularly strong, with 4.024 million units sold, up 24.2% year-on-year and 10.9% quarter-on-quarter, achieving a penetration rate of 52.4% [11][24]. - The report notes a stable pricing environment, with discounts remaining consistent compared to previous months [25]. 0.2 Auto Parts - The auto parts sector is benefiting from a decrease in raw material costs and shipping fees, which is expected to alleviate cost pressures for companies [3][45]. - Key raw materials such as polypropylene and hot-rolled coil prices have seen significant declines, contributing to improved margins for auto parts manufacturers [45]. 0.3 Heavy Trucks - The heavy truck market is experiencing a boost due to the implementation of trade-in subsidy policies, with wholesale sales reaching 282,000 units in Q3 2025, a year-on-year increase of 58.1% [3]. - New energy heavy truck sales surged by 181.5% year-on-year, indicating strong demand in this segment [3]. 0.4 Motorcycles - The report forecasts a total of 258,000 units for mid-to-large displacement motorcycles in Q3 2025, reflecting an 18.9% year-on-year increase [4]. - Export sales for motorcycles are also strong, with a 50.5% year-on-year increase, driven by growth in the 500-800cc segment [4]. 1.1 Weekly Insights - The automotive sector's performance has been weaker than the overall market, with a 6.1% decline in the A-share automotive sector during the week of October 13-17, 2025 [2]. - The report suggests focusing on key companies such as Geely, Xpeng, and BYD for potential investment opportunities [2][4]. 1.2 Intelligent Electric Vehicles - The report highlights the accelerating growth of intelligent electric vehicles, recommending companies involved in smart driving and smart cockpit technologies [4]. 1.3 Robotics - The report notes the entry of leading companies into the robotics sector, indicating a new era of embodied intelligence [4]. 1.4 Liquid Cooling - The demand for AI is driving the need for higher power density in liquid cooling solutions, positioning it as a necessary choice for high-density applications [4]. 1.5 Motorcycles - The report identifies a trend towards consumer upgrades in the motorcycle segment, recommending leading companies in the mid-to-large displacement category [4]. 1.6 Heavy Trucks - The expansion of trade-in subsidy policies is expected to stimulate demand for medium and heavy trucks, contributing to market recovery [4]. 1.7 Tires - The report emphasizes the ongoing acceleration of globalization in the tire industry, recommending leading and high-growth companies [4].

Core Insights - Geely Group is advancing its smart connected vehicle transformation through "full-domain AI" and "earth-space integration" as its main battlegrounds [3] Group 1: Full-Domain AI - Geely Group has achieved mass production of AI technologies in areas such as cockpit, power, chassis, and architecture, enhancing the entire vehicle structure and user experience [1] - The company has integrated AI technology into smart three-electric systems, human-machine interaction, assisted driving, and onboard chips, promoting the widespread adoption of AI in vehicles [1] Group 2: Earth-Space Integration - Geely Group is pioneering a seamless integration of "ground + low-altitude + low-orbit" technologies, establishing a comprehensive technical system for the development of smart connected vehicles [1] - The first phase of the Geely Constellation network has been completed, marking a breakthrough in private commercial aerospace [1] - Self-developed satellite communication chips and onboard satellite communication terminals have achieved mass production and are being deployed in multiple brand models [1]