齐鲁晚报·齐鲁壹点 吴海云 首次牵手，基于"铁血猛士"与"满血华为"的深厚功力，猛士M817无疑成为公认的市场"黑马"。如今，东风汽车与华为 的战略合作再升级，无疑为做强猛士智能越野送来了"东风"，早已与华为有过成功合作案例的东风猛士科技，有望乘 势而上，成为推动战略落地与合作创新的先行军。 9月22日，东风汽车董事长、党委书记杨青赴深圳，与华为公司创始人任正非及华为公司徐直军会谈，双方围绕强化 战略互信、深化战略合作、推进企业治理与运营机制创新等议题进行了深入交流。未来，东风汽车与华为将在产品定 义、智能化技术、营销等领域携手共进，积极探索央企市场化运营新路径，为下一阶段全面协同与创新合作奠定坚实 基础。 值得关注的是此次拜访华为，也是东风汽车集团股份有限公司猛士汽车科技公司新任总经理（CEO）万良渝履新后的 首站，毫无疑问是为猛士做强智能越野铺路。回望下半年，随着东风猛士与华为的首个合作成果猛士M817的到来，东 风猛士与华为动作频频。7月17日，华为智能汽车解决方案BU CEO靳玉志在武汉为猛士M817技术发布站台助力。一 个月后，他又现身成都猛士M817上市活动现场，此后又在吐鲁番见证猛士M817夏测 ...

● 龚梦泽 熊永红 9月22日，东风汽车集团有限公司董事长、党委书记杨青拜访华为创始人、华为技术有限公司董事、首 席执行官任正非，围绕强化战略互信、深化战略合作等议题进行深入交流。这意味着自5月23日双方在 武汉签署全面深化战略合作协议后，两大巨头的合作正加速落地。 智能化全覆盖产品矩阵 "岚图和华为是长期的合作关系。"岚图汽车CEO卢放在接受中国证券报记者采访时表示，从结果来看， 岚图FREE+、梦想家已在各自细分市场成为TOP级车型，也让更多用户感受到了华为辅助驾驶的魅力。 此外，猛士科技与华为联合打造的全新旗舰车型猛士M817，成为首款搭载华为乾崑智驾ADS 4.0系统的 豪华电动越野车，首搭了东风与华为联合开发的中国首个量产中央集中式电子电气架构——天元架 构。"猛士M817与华为全面绑定、深度开发，让猛士M817成为含'华'量最高的智能越野车，树立了华系 车顶流的水准。"猛士科技CEO万良渝表示。 除了岚图和猛士，华为还与东风奕派签署了智能汽车战略合作协议，联手打造一系列中高端智能化车 型。甚至合资品牌东风日产也在2024年11月与华为签订战略合作协议，成为首家与鸿蒙座舱全方位合作 的合资品牌。 新 ...

Group 1 - The State Intellectual Property Office of China has granted Dongfeng Motor Corporation a patent for a "RFID-based seat tray stacking and return system," with the authorization announcement number CN 118877410 B, and the application date is July 2024 [1] - Dongfeng Motor Corporation, established in 2001 and located in Wuhan, primarily engages in the automotive manufacturing industry [1] - The registered capital of Dongfeng Motor Corporation is 858,937,000 RMB [1] Group 2 - According to Tianyancha data analysis, Dongfeng Motor Corporation has made investments in 44 companies and has participated in 5,000 bidding projects [1] - The company holds 5,000 pieces of patent information and has 155 administrative licenses [1]

从零部件业务重组到动力电池版图扩张，业内人士认为，这一系列举措不仅是企业内部 的资源再造，更是面对行业深度变革、市场格局重塑的主动出击。 编辑：赖俊 近日，东风汽车集团宣布成立东风汽车集团跃创科技有限公司（以下简称跃创科技）， 进一步整合零部件研发、制造和人才资源，以"高技术、高价值"零部件产品助力整车电动 化、智能化转型。这是继2023年7月启动"跃创工程"后，东风在零部件业务整合上的关键一 步。 据介绍，跃创科技将成为东风零部件业务的主体和管理主体，整合东风汽车零部件事业 部、东风鸿泰控股集团有限公司现有职能，管理智新科技股份有限公司、南斗六星（武汉） 技术有限公司等原零部件事业部管辖企业。通过聚资源、强协同，跃创科技将全面推动"整 —技—零"一体化发展。业内人士评价："这是以东风鸿泰为母体，把东风零部件事业部的壳 子盘活，形成全新的战略统筹平台。" 长江日报记者注意到，9月18日，东风汽车在动力电池领域也有大动作，湖北东昱欣晟 新能源有限公司超充电池项目在宜昌开工。 东昱欣晟是东风汽车与欣旺达的合作项目，总投资约120亿元，专注新能源汽车动力电 池的研发和制造，产品已覆盖131Ah至212Ah多规格电芯 ...

Investment Rating - The report maintains a positive outlook on the automotive industry, highlighting key investment opportunities in domestic leading manufacturers and component suppliers [3][5]. Core Insights - The automotive industry experienced a significant sales increase in Q2 2025, with total sales reaching 8.18 million units, a year-on-year growth of 11.6%. Passenger vehicle sales were 7.11 million units, up 13.0% year-on-year, while commercial vehicle sales were 1.07 million units, up 3.4% year-on-year [4][21]. - The report emphasizes the performance divergence among companies, particularly in the passenger vehicle sector, where companies like BYD faced margin pressures, while others like Great Wall and Seres showed strong performance [4][28]. - The report identifies key investment themes, including technology, mid-to-high-end market focus, and state-owned enterprise reforms, recommending companies such as NIO, Xiaomi, and Xpeng for investment [5][6]. Summary by Sections 1. Industry Overview - The automotive industry showed resilience with a total sales increase, driven by government policies and export growth, alleviating previous concerns about demand [21][4]. 2. Passenger Vehicles - Passenger vehicle sales reached 7.11 million units in Q2 2025, with exports contributing significantly to growth. The sector's revenue was 724.4 billion yuan, up 13.3% year-on-year, but net profit fell by 36.0% [26][28]. - The report notes that the performance of individual companies varied, with BYD experiencing profit pressure while others like Seres and Great Wall performed well [28][32]. 3. Components Sector - The components sector reported revenue of 374.4 billion yuan, a year-on-year increase of 6.8%, with net profit rising by 5.9%. The sector's resilience is attributed to global market expansion and increased efficiency [46][47]. - The report highlights the "Matthew Effect" in the components sector, where leading companies are better positioned to withstand market pressures due to diversified customer bases and global operations [47][46]. 4. New Energy Vehicles - New energy vehicle sales reached 3.86 million units in Q2 2025, marking a 37.0% year-on-year increase, with a penetration rate of 47.2%. The sector's revenue was 331.7 billion yuan, up 18.7% year-on-year [4][25]. 5. Commercial Vehicles - The commercial vehicle sector showed signs of recovery, with bus sales increasing by 5.3% year-on-year and truck sales slightly rebounding, although profitability remains under pressure [4][25].

本 聯 合 公 告 之 全 部 或 部 分 內 容 不 得 在、向 或 從 任 何 將 構 成 違 反 其 適 用 法 律 或 法 規 之 司 法 權 區 發 佈、刊 發 或 派 發。 DONGFENG MOTOR CORPORATION* 本 聯 合 公 告 僅 供 參 考，並 不 構 成 收 購、購 買 或 認 購 東 風 公 司、要 約 人、 本 公 司 或 嵐 圖 證 券 之 邀 請 或 要 約，亦 非 在 任 何 司 法 權 區 招 攬 任 何 投 票 權 或 批 准。 香港交易及結算所有限公司及香港聯合交易所有限公司對本聯合公告 的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示， 概不對因本聯合公告全部或任何部份內容而產生或因倚賴該等內容而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 東風汽車集團有限公司 （一間 於中華 人民 共和 國註冊 成立的 有限 公司） DONGFENG MOTOR GROUP (WUHAN) INVESTMENT COMPANY LIMITED* 東 風 汽 車 集 團（武 漢） 投資有限公司 東風汽車集團股份有限公司 （於中華人民共和國註冊成立 ...

Group 1 - Dongfeng Group announced the establishment of a joint venture with Dongfeng Motor Co., Xiangyang Holdings, and Xianggao Investment, with a registered capital of 8.47 billion yuan, focusing on the manufacturing and sales of smart off-road vehicles [2] - Dongfeng Group contributes 3.55 billion yuan in intangible asset usage rights, including proprietary technology for vehicle preparation and smart driving, while Dongfeng Motor Co. contributes 920 million yuan in tangible and intangible assets [2] - The shareholding structure shows Dongfeng Group and Dongfeng Motor Co. holding approximately 41.9% and 10.9% respectively, giving the Dongfeng system a controlling stake of 52.8% [2] Group 2 - The new company, referred to as "Xiangyang Warrior," expands the Warrior brand beyond Wuhan Warrior, indicating a strategic growth move for the brand [3] - The establishment of Xiangyang Warrior is a result of combined demands from Dongfeng, Huawei, Hubei Province, and Xiangyang City, highlighting a collaborative effort in the automotive sector [3][5] - The partnership with Huawei aims to integrate advanced management and sales systems into the new company, with Xiangyang Warrior serving as a testing ground for these methodologies [4] Group 3 - The local government of Hubei Province and Xiangyang City sees the automotive industry as a key area for development, with Xiangyang Warrior being the first project supported by the provincial government [5] - The choice of Xiangyang for the new project is attributed to its historical ties to Dongfeng and the need for upgrading its automotive manufacturing capabilities [5] - The collaboration aims to leverage Huawei's expertise in product development and marketing to enhance the competitiveness of the new off-road vehicle offerings [4][5]

Group 1 - Dongfeng Motor Group Co., Ltd. announced the establishment of a joint venture focused on manufacturing and selling smart off-road vehicles under the Hummer brand, with a registered capital of RMB 8.47 billion [1] - The joint venture will involve contributions from Dongfeng Group, Dongfeng Motor Co., and other partners, with Dongfeng Group contributing intangible asset usage rights and physical assets [1] - The new joint venture aims to leverage Huawei's technology to enhance the Hummer brand's offerings in the high-end off-road vehicle market [2][4] Group 2 - Dongfeng's high-end new energy brand, Lantu, has seen significant growth, with sales exceeding 80,000 units from January to August, a year-on-year increase of 94.3% [4] - Lantu's financial performance has improved, with a projected tax-adjusted net loss of RMB 180 million in 2024, a significant reduction from RMB 1.472 billion in 2023 [4][6] - The partnership with Huawei has been pivotal for Lantu, with new models featuring advanced Huawei technologies [4][6] Group 3 - Dongfeng is replicating Lantu's success by creating another high-end new energy brand, Hummer, which has already launched two models and achieved sales of 2,451 units from January to August, an increase of 88.8% [7] - The Hummer brand is focusing on the niche off-road market and aims to strengthen its brand recognition through innovation and collaboration with Huawei [7] - The Hummer M817 model, developed in collaboration with Huawei, features advanced technology and is expected to enhance the brand's market presence [7] Group 4 - Dongfeng Nissan's production facility in Xiangyang has faced declining sales, with a 10.6% year-on-year drop in total sales for the first eight months of the year [10][12] - The Xiangyang plant, which has a maximum annual production capacity of over 200,000 vehicles, is undergoing transformation to address overcapacity issues [10][12] - Dongfeng is actively working to optimize production capacity across its facilities, with plans to expand the Xiangyang plant's capacity to 300,000 vehicles in the long term [12]

Domestic News - The Ministry of Industry and Information Technology is soliciting public opinions on the mandatory national standard for "Intelligent Connected Vehicles Combination Driving Assistance System Safety Requirements," aiming to enhance safety in the intelligent connected vehicle industry [6] - The Ministry of Commerce has announced the establishment of five industry standardization technical committees, including those for the automotive circulation and resource recovery industries [7] - The Horgos Port in Xinjiang has achieved a record high in automobile exports, with 258,000 vehicles exported from January to August 2025, marking an 8.5% year-on-year increase, including 102,000 electric vehicles, which saw a 45.2% increase [8] - Dongfeng Group has formed a new joint venture with local state-owned assets in Xiangyang, with a registered capital of 8.47 billion RMB, focusing on the development and sales of intelligent vehicles [9] - Leap Motor has announced the restart of its automobile manufacturing plans in Europe, with plans to launch two new models to meet market demand starting in 2026 [10] - GAC International has launched the AION UT in Indonesia, with prices ranging from 32.5 to 36.3 million Indonesian Rupiah (approximately 140,600 to 157,000 RMB) [11] - Hello Robotaxi has received strategic investment from Alibaba, indicating a deepening collaboration in the fields of intelligent driving models and commercializing Robotaxi services [12] - CATL's sodium-ion battery can provide over 500 kilometers of pure electric range, with a density of 175Wh/kg, meeting over 40% of the domestic passenger vehicle market demand [13] International News - South Korea's electric vehicle sales from January to August 2025 reached 142,456 units, a 48.4% increase from 95,998 units in the same period last year, with electric vehicles accounting for 12.7% of new registrations [15] - Japan's exports to the U.S. have declined for five consecutive months, with an August drop of 13.8% due to decreased exports of automobiles and machinery [16] - BMW will begin production of the iX3 model in Hungary next month, with the first mass-produced vehicle expected to roll off the line by the end of 2025 [17] - Waymo has received permission to test its autonomous taxi service at San Francisco International Airport, with plans to gradually roll out commercial services [18] Commercial Vehicles - FAW Jiefang has been nominated for the fifth China Quality Award for its "12347-E2E Excellent Operation Quality Management Model," highlighting advancements in quality management within the commercial vehicle sector [20] - JD Automotive and ZF have signed a memorandum to deepen their strategic cooperation in the commercial vehicle aftermarket, aiming to create an efficient and intelligent service ecosystem [21] - China National Heavy Duty Truck Group showcased nine core products at the Liangshan Special Vehicle Exhibition, emphasizing its leadership in the transition to new energy and intelligent vehicles [22] - Qingling Group has had three products selected as major industrial technology innovation products in Chongqing, showcasing advancements in hydrogen fuel cell and specialized vehicle technology [23][24]

Core Viewpoint - Dongfeng Group (00489) has appointed Haode Financing Limited as an independent financial advisor to provide advice on mergers and distributions to the independent board committee, in accordance with the acquisition code rule 2.1 [1] Group 1 - Haode Financing Limited is licensed under the Securities and Futures Ordinance (Cap. 571) of Hong Kong to conduct regulated activities including providing advice on securities, institutional financing, and asset management [1] - The appointment of Haode Financing as an independent financial advisor has been approved by the independent board committee [1]