Core Viewpoint - Dongfeng Group's stock transfer and recent sales figures indicate a mixed performance in the automotive sector, with a notable increase in electric vehicle sales despite an overall decline in total vehicle sales [1] Group 1: Stock Transfer - On November 26, Dongfeng Group's shares were transferred from UBS Securities Hong Kong Limited to HSBC Hong Kong, with a market value of HKD 1.384 billion, representing 6.00% of the total shares [1] Group 2: Sales Performance - For the period from January to October 2025, Dongfeng Group reported cumulative vehicle sales of 1.501 million units, a year-on-year decrease of approximately 1.6% [1] - The sales of new energy vehicles reached 421,400 units, showing a year-on-year growth of approximately 37.1% [1] - The parent company, Dongfeng Motor Group Co., Ltd., recorded cumulative vehicle sales of 1.9449 million units, down about 3.1% year-on-year [1] - Dongfeng Motor Co., Ltd. (A-share code 600006.SH) reported cumulative vehicle sales of 99,500 units, reflecting a year-on-year decline of approximately 21.4% [1]

2025 年 11 月 26 日 透過合併進行私有化 就東風汽車集團股份有限公司的股份的交易披露 執行人員接獲依據香港《公司收購及合併守則》規則 22 作出以下的證券交易的披露： | 交易方 | 日期 | | 有關證券的說明 | 產品說明 | 交易性質 | 與衍生工具 | 到期日或清結日 | | 參考價 | 已支付／已收 | 交易後數額（包括 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | 有關的參照 | | | | 取的總金額 | 與其訂有協議或 | | | | | | | | 證券數目 | | | | | 達成諒解的任何 | | | | | | | | | | | | | 人士的證券） | | BlackRock, | 2025 | 年 11 月 | 衍生工具 | 其他類別產品 | 清結衍生工具合約 | 50,000 | 2025 年 11 月 | 25 日 | $9.2040 | $59,103.6200 | 5,140,000 | | Inc. | 25 日 | | 衍生 ...

執行人員接獲依據香港《公司收購及合併守則》規則 22 作出以下的證券交易的披露： 2025 年 11 月 26 日 透過合併進行私有化 就東風汽車集團股份有限公司的股份的交易披露 BlackRock, Inc.憑藉持有受要約公司的普通股，所以根據第(6)類別屬受要約公司的聯繫人。 交易是為全權委託投資客戶的帳戶進行的。 執行人員於 2025 年 11 月 26 日接獲本披露表格。 | 交易方 | 日期 | | | | | 買入／賣 | 股份數目 | | 每股價格 | | 交易後數額（包括與其訂 | 佔該類別證券的百分比 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | 出 | | | | | 有協議或達成諒解的任 | （包括與其訂有協議或 | | | | | | | | | | | | | 何人士的證券） | 達成諒解的任何人士的 | | | | | | | | | | | | | | 證券）% | | BlackRock, | 2025 | 年 | 11 | 月 24 ...

2025 年 11 月 26 日 BlackRock, Inc.憑藉持有受要約公司的普通股，所以根據第(6)類別屬受要約公司的聯繫人。 交易是為全權委託投資客戶的帳戶進行的。 交易披露 執行人員於 2025 年 11 月 26 日接獲本披露表格。 | 交易方 | 日期 | | 有關證券的說明 | 產品說明 | 交易性質 | 與衍生工具 | 到期日或清結日 | 參考價 | 已支付／已收取的 | 交易後數額（包括 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | 有關的參照 | | | 總金額 | 與其訂有協議或 | | | | | | | | 證券數目 | | | | 達成諒解的任何 | | | | | | | | | | | | 人士的證券） | | BlackRock, | 2025 | 年 11 月 | 衍生工具 | 其他類別產品 | 清結衍生工具合約 | 60,000 | 2025 年 11 月 24 日 | $9.2472 | $71,279.1200 | 5,696,000 | | ...

2025 年 11 月 26 日 透過合併進行私有化 就東風汽車集團股份有限公司的股份的交易披露 | 交易方 | 日期 | | | | 買入／賣出 | 股份數目 | | 每股價格 | | 交易後數額（包括與其訂有協 | 佔該類別證券的百分比（包括 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | | | | 議或達成諒解的任何人士的證 | 與其訂有協議或達成諒解的任 | | | | | | | | | | | 券） | | 何人士的證券）% | | BlackRock, Inc. | 2025 | 年 11 | 月 25 | 日 | 買入 | | 72,000 | | $9.1994 | 131,864,707 | 5.2911% | | | | | | | 買入 | | 42,000 | | $9.2005 | 131,906,707 | 5.2928% | | | | | | | 買入 | | 144,824 | | $9.3400 | 132,051,531 | 5.29 ...

Core Viewpoint - The collaboration between Dongfeng and Huawei aims to create a new automotive brand, Yijing, with a significant investment of 10 billion yuan, focusing on high-quality products and services for consumers [2][5][6]. Investment and Collaboration - Dongfeng and Huawei are committed to a joint investment of 10 billion yuan, integrating their best resources from research and development to production [5][6]. - The Yijing brand is positioned as a new entrepreneurial venture, with both companies providing comprehensive support [4][5]. Product Development and Market Strategy - The first model under the Yijing brand will be a high-end intelligent full-size SUV, set to debut at the Beijing Auto Show in April 2026, with plans for at least one new model each year thereafter [6][9]. - Yijing aims to leverage Huawei's advanced technologies, including intelligent driving systems and the HarmonyOS cockpit, to enhance its product offerings [9][20]. Organizational Changes - Dongfeng has restructured its passenger vehicle brands, consolidating them under Yipai Technology to streamline operations and improve decision-making efficiency [12][15]. - The leadership of Yipai Technology is focused on creating a strong product lineup, with a target of 20 models by 2028, emphasizing continuous improvement and innovation [16][18]. Market Position and Sales Performance - Yipai has seen a sales increase, with October sales reaching 31,000 units, a year-on-year growth of 34.9% [15]. - The strategy includes targeting the market for vehicles priced below 200,000 yuan, although the brand faces challenges in creating standout models [16][18]. User-Centric Approach - The development process for Yijing will involve user collaboration, allowing potential customers to contribute ideas for product features and design [20]. - This approach aims to enhance customer engagement and ensure that the products meet the preferences of younger consumers [18][20].

经济观察网据东风集团官网消息，近日，首台东风马赫动力2.0T飞行发动机交付仪式在东风汽车研发总 院举行，该款飞行发动机正式从研发阶段迈向应用阶段。此次交付展现出东风马赫动力的技术迭代能 力，意味着东风汽车在低空动力核心技术领域实现关键突破，将为我国低空经济发展注入动能。 东风马赫动力2.0T飞行发动机以成熟的车用发动机为技术基础，针对低空飞行场景全面升级动力性、冷 却能力与可靠性，动力响应更迅捷、极端环境适应性更强、运维成本更经济，具备高性能、高可靠、低 成本、小尺寸、轻量化等核心优势。该飞行发动机与基础机型的零件通用化率高达90%，功重比达到 1.87kW/kg，这些关键指标为其后续应用与推广奠定了坚实基础。 ...

经济观察网 据中央纪委国家监委驻东风汽车集团有限公司纪检监察组、湖北省襄阳市纪委监委消息： 东风资产管理有限公司党委委员、综合管理部部长瞿浩涉嫌严重违纪违法，目前正接受中央纪委国家监 委驻东风汽车集团有限公司纪检监察组和湖北省襄阳市樊城区监委纪律审查和监察调查。 据中央纪委国家监委驻东风汽车集团有限公司纪检监察组、湖北省十堰市纪委监委消息：东风物流集团 股份有限公司深圳分公司（东风物流集团股份有限公司备件物流事业部）总经理刘兴旺涉嫌严重违纪违 法，已主动投案，目前正接受中央纪委国家监委驻东风汽车集团有限公司纪检监察组和湖北省十堰市张 湾区监委纪律审查和监察调查。 ...

| 案号 | 变更日期 | 变更项目 | 变更前 | | --- | --- | --- | --- | | | 2025-11-20 | 注册资本变更（注册资 120000万人民币 金、资金数额等变更) | | 查公司 | 查老板 | 查关系 查风险 都 在 用 的 商 业 查 询 工 具 创格融资租赁有限公司 × 天眼一下 国家中小企业发展子基金旗下机构 亚洲手置 股权结构全景 股权穿透图 企业关系 实际控制人 ग्रहन ◆ 创格融资租赁有限公司 ® __ (+ 国有资本 《当 东风汽车集团股份有限公司 融资轮次：股权融资 99.3913% 0.6087% 0 国有控股 东风畅行科技股份有限公司 融资轮次：股权转让 100% 创格融资租赁有限公司 南方财经11月24日电，天眼查工商信息显示，近日，创格融资租赁有限公司发生工商变更，注册资本由12亿人民币增至16亿人民币，增幅约33%。该公司成 立于2017年1月，法定代表人为廖显志，经营范围为融资租赁业务、租赁业务、向国内外购买租赁资产、租赁财产的残值处理及维修、租赁交易咨询和担 保、从事与主营业务相关的商业保理业务。股权全景穿透图显示，该公司由东风汽车 ...

Core Insights - The new electric vehicle brand "Yijing" was officially launched through a collaboration between Dongfeng Motor and Huawei, marking the first deep cooperation between a state-owned automotive enterprise and Huawei in the automotive sector [1][2][3] - The brand aims to focus on the high-quality family vehicle market and will develop a diverse product matrix covering multiple levels and models, with the first model set to debut at the Beijing Auto Show in April 2026 [1][2][3] Company Collaboration - The partnership between Dongfeng Motor and Huawei has been built over 15 years, starting with cooperation in the field of intelligence in 2010, followed by a strategic agreement in 2018 to develop smart connected electric vehicle technologies [3] - The "Yijing" brand represents a significant investment of 10 billion yuan and three years of dedicated effort from both companies, showcasing their commitment to collaboration [3] Market Strategy - Dongfeng Motor is accelerating its transition to new energy vehicles while increasing R&D investment and expanding its domestic and international market presence [7] - The company has launched several brands under its umbrella, including high-end smart electric vehicle brand Lantu, which has seen a 90.7% increase in sales year-on-year, reaching 112,600 units sold in the first ten months of 2025 [4][5] Product Development - Dongfeng's Lantu brand has achieved significant milestones, including the production of its 300,000th vehicle, positioning it as a leader among state-owned high-end electric vehicle brands [4] - The Dongfeng Warriors brand, known for luxury off-road electric vehicles, has also seen impressive growth, with a 196.5% increase in sales, totaling 5,215 units in the first ten months of 2025 [6] Innovation and Patents - Dongfeng Motor holds a total of 27,529 effective patents, with 12,889 being invention patents, maintaining a leading position in the fields of new energy and intelligent connectivity [6]