Group 1 - The State Intellectual Property Office of China granted a patent for a "steering fork clamp" to Qingling Motors (Group) Co., Ltd. and Chongqing Qingling Automotive Chassis Parts Co., Ltd. The patent was announced with the authorization number CN223186052U, and the application date was July 2024 [1] - The patent describes a utility model involving a steering fork clamp that includes a base, a directional mechanism, and a clamping mechanism. The clamping mechanism consists of a first fixed block and a second fixed block symmetrically arranged on both sides of the directional mechanism [1] - The steering fork is fixed in a determined direction through the directional mechanism, and the clamping mechanism applies pressure to secure the steering fork to the base [1] Group 2 - Qingling Motors (Group) Co., Ltd. was established in 1994 and is located in Chongqing. The company primarily engages in the automotive manufacturing industry with a registered capital of 410 million RMB [2] - The company has invested in 20 enterprises, participated in 552 bidding projects, and holds 63 trademark records and 943 patent records, along with 15 administrative licenses [2] - Chongqing Qingling Automotive Chassis Parts Co., Ltd. was founded in 2009, also located in Chongqing, with a registered capital of 40 million RMB. The company has participated in 35 bidding projects and holds 60 patent records, along with 12 administrative licenses [2]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 慶鈴汽車股份有限公司 (在中華人民共和國註冊成立之中外合資股份有限公司） 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明) | | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | 內資股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,243,616,403 | RMB | | 1 | RMB | | 1,243,616,403 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 1,243,616,403 | RMB | | ...

Core Viewpoint - The launch of the first batch of 49-ton hydrogen fuel cell tractors by Qingling Motors marks a significant step towards green transformation in coal transportation in Xinjiang, leveraging government policies and technological advancements in hydrogen energy [1][5][7]. Industry Developments - Xinjiang, rich in coal resources, is promoting the green transformation of coal transportation through the large-scale application of new energy heavy trucks, as outlined in the "Three-Year Action Plan for Hydrogen Energy Industry Development (2023-2025)" [3]. - Hami City has been selected as one of the second batch of demonstration application cities for fuel cell vehicles, accelerating the implementation of hydrogen energy [3]. Company Initiatives - Qingling Motors has signed a contract for the first batch of 52 customized 49-ton hydrogen fuel cell tractors, aimed at addressing pollution issues in traditional resource transportation [5][10]. - The company has established a dedicated R&D and production team to customize vehicles for Hami's extreme climate conditions, ensuring operational stability in temperatures ranging from -30°C to 70°C [8][10]. Technological Advancements - The tractors feature a 6×4 drive system and are equipped with a 190KW Bosch fuel cell system, enabling strong power output even under full load [11]. - The vehicles have a large 2200L hydrogen storage tank, achieving a range of over 600 kilometers and allowing for quick refueling in just 10 minutes [13]. Economic Benefits - The hydrogen fuel cost is estimated to be 30%-35% lower than traditional diesel, with maintenance costs reduced to about 30% of those for fuel vehicles, significantly lowering overall operational costs [15]. - The fuel cell's lifespan exceeds 10 years, reducing the frequency of replacements and maintenance time [15]. Future Outlook - Qingling Motors aims to accelerate hydrogen technology research and product innovation, contributing to the construction of a green transportation system in China and promoting the large-scale application of hydrogen-powered commercial vehicles [17].

Core Viewpoint - The 40th anniversary of the partnership between Qingling Motors and Isuzu marks a significant milestone, showcasing a long-standing collaboration that has contributed to the commercial vehicle industry in China [1][3]. Group 1: Historical Development - Qingling Motors manufactured the first heavy-duty truck in Chongqing in 1969, marking the beginning of its journey in the automotive industry [3]. - The establishment of the first Sino-Japanese joint venture in 1985 with Isuzu positioned Qingling to capitalize on the rapid development of China's automotive sector [3]. - Over the past 40 years, Qingling has introduced various Isuzu products, significantly impacting the Chinese commercial vehicle market and establishing itself as a high-end brand [3]. Group 2: Technological Advancements - The automotive industry is undergoing rapid transformation driven by the "new four modernizations," with Qingling focusing on both independent innovation and open collaboration [5]. - Qingling and Isuzu have signed a new strategic cooperation agreement to deepen collaboration in areas such as electric vehicles, intelligent driving, and connected vehicles [8][10]. - Qingling has developed new products, including the KV800 fuel vehicle and the "Lingkun" pure electric light truck, showcasing advancements in fuel efficiency and electric vehicle technology [13][15]. Group 3: Market Position and Partnerships - Qingling has established itself as a trusted supplier for major clients, such as Jiuzhoutong Pharmaceutical Group, with a significant fleet of vehicles in operation [7]. - The company emphasizes the importance of its dealers as strategic partners, contributing to its sales and service success over the years [7]. - Qingling's commitment to high-quality products and advanced technology has earned it a strong reputation in the commercial vehicle sector [11]. Group 4: Future Outlook - Qingling aims to achieve an annual sales target of 100,000 units, supported by Isuzu's continued backing [10]. - The company plans to leverage opportunities in Chongqing's development of intelligent connected new energy vehicles and the establishment of an inland open comprehensive hub [21].

Core Viewpoint - The medium truck market in China has experienced a significant decline, with a cumulative sales drop of 15% in the first half of 2025, and a year-on-year decrease of 30% in June, marking the fourth consecutive month of decline [1][22]. Sales Performance - In June 2025, the medium truck market sold 10,100 units, representing a month-on-month increase of 31% but a year-on-year decrease of 30% [4][10]. - Cumulatively, from January to June 2025, the medium truck market sold 59,500 units, which is approximately 10,600 units less than the same period last year [6][20]. Market Trends - The medium truck market has shown a fluctuating trend over the past five years, with June 2025 sales being the second lowest in this period [6]. - The market has experienced a pattern of increase and decrease, with notable sales peaks and troughs in June of previous years [6]. Company Performance - In June 2025, among the top ten companies in the medium truck market, five experienced sales growth while five saw declines [11]. - Leading companies such as Heavy Truck, Qingling, BYD, Shaanxi Automobile, and Yuchai reported significant year-on-year growth rates of 66%, 12%, 105%, 263%, and 443% respectively [11]. - Conversely, some companies faced severe declines, with one company experiencing a 75% drop in sales [11]. Market Share - In June 2025, the top ten companies held a combined market share of 98.13%, with the top five companies accounting for 81.56% [14]. - The leading company, Jiefang, sold 3,818 units, capturing a market share of 37.96% [14]. - The cumulative market shares for the first half of 2025 showed that Jiefang, Jianghuai, Dongfeng, and Heavy Truck each held over 10% of the market [20]. Future Outlook - The medium truck market is currently facing challenges, with questions surrounding when it will regain growth and whether there is potential for a turnaround in 2025 [22].

Domestic News - Guangxi has issued the first batch of road testing licenses for low-speed unmanned vehicles, marking the transition from closed testing to open road testing for autonomous vehicles [2] - Anhui province is offering a cash subsidy of 3,000 yuan per vehicle for consumers purchasing the "Hongmeng Zhixing" series of new energy vehicles, with a total budget of 3.6 million yuan for 1,200 vehicles [3] - Li Auto has expanded its service network to 642 stores across 225 cities in China, having opened 25 new locations from April to June [4] - China FAW Group has signed an agreement with the Changchun municipal government to promote high-quality development in the automotive industry, with plans to launch eight new energy models [5] - Huawei plans to launch a high-speed commercial solution based on L3 technology architecture in September, with expectations for ADS 4 to achieve commercial use by the fourth quarter of this year [6] - CATL has signed a memorandum of cooperation with BHP to collaborate on electric mining equipment, fast-charging infrastructure, and battery recycling [7] - Yika Technology has deepened its global cooperation with Samsung Group, integrating advanced technologies into its solutions to enhance the smart ecosystem in the automotive sector [8][9] - The China Electric Vehicle Charging Infrastructure Promotion Alliance has launched an open service platform to improve service levels and facilitate efficient circulation in the charging and battery swap industry [10] International News - In the Philippines, new car sales fell by 1.2% year-on-year in May, with total sales for the first five months showing a slight increase of 1.7% [12] - The UK plans to introduce new incentives to lower the cost of purchasing electric vehicles, including a £63 million investment in charging infrastructure [13] - Norway's new car registrations increased by 5% in June, with electric vehicles accounting for 96.9% of total sales, driven primarily by the Tesla Model Y [14] - VinFast has signed a strategic cooperation agreement with BatX Energies to enhance its local supply chain and optimize product lifecycle in India [15] Commercial Vehicles - Yutong has launched its high-end flagship light truck T6, showcasing its technological capabilities and responding to market demands [16] - Qingling has introduced the Lingkun electric truck in Shanghai, aiming to support the city's green logistics transformation [17] - Dongfeng Commercial Vehicle has signed a strategic cooperation agreement with XJ Group to enhance collaboration in high-end electric power equipment and new energy sectors [18] - The new generation of Junling A series has been launched in Zhengzhou, featuring advanced powertrains and design aimed at enhancing logistics efficiency and sustainability [19]

Domestic News - The Ministry of Industry and Information Technology (MIIT) has opened an online feedback window for small and medium-sized enterprises regarding the payment cycle commitments of key automotive companies, addressing issues such as payment delays beyond the agreed 60 days and unreasonable payment terms [3] - MIIT is soliciting opinions on the safety requirements for fuel cell electric vehicles as part of the revision of national standards, including four mandatory national standards [4][5] - Zeekr has launched a luxury hybrid architecture called Haohan-S, featuring a 900V high-voltage system and a 70-degree 6C hybrid battery with a pure electric range of 380 kilometers [6] - BYD has achieved L4-level intelligent parking capabilities and is providing full liability coverage for accidents caused by its "Heavenly Eye" intelligent driving assistance system during parking [7] - Avita Technology has signed a general agency agreement with Egypt's Kasrawy Group, marking its entry into the African market, with plans to expand into Europe by 2026 [8] - Chery Automobile plans to launch two new SUV models in the UK, optimizing them for the local market [9] - Honeycomb Energy has been designated for the smart battery project, supplying lithium iron phosphate short-blade batteries to both domestic and international markets [11] - NIO has completed its plan for 1,000 highway battery swap stations, connecting 550 cities across China [12] International News - The European Union is investing €852 million (approximately 7.16 billion yuan) to promote the development of electric vehicle batteries, as part of a broader initiative to transition to a competitive and resilient industrial base [13] - Pakistan aims to achieve a 30% penetration rate for electric vehicles in total car sales by 2030, as outlined in its National Electric Vehicle Policy [14] - Stellantis has launched a battery swap service for its Fiat 500 fleet in Madrid, in collaboration with Ample, providing a quick alternative to charging [15] - Waymo has introduced a new service allowing teenagers aged 14 to 17 to ride in its autonomous taxis, starting in Phoenix [16] Commercial Vehicles - Four departments in China are promoting the construction of high-power charging facilities for public transport, logistics, and heavy-duty freight [18] - Major online freight platforms have signed a self-regulatory convention to protect the rights of truck drivers, focusing on issues like timely payment and fair pricing [19] - Chongqing is drafting policies to support the development of intelligent connected new energy commercial vehicles, offering financial incentives up to 20 million yuan for compliant companies [20][21] - Qingling Motors has launched the Lingkun electric truck in Qingdao, targeting urban delivery needs [22]

Policy and Regulations - Six ministries are promoting the construction of charging and swapping facilities to support the development of new energy vehicles and power batteries [8][10] - Chongqing is strengthening the governance of over-limit and overloaded road freight transport to ensure safety and smoothness in road transport [10] - Shanghai has issued a plan for the construction of user-side virtual power plants, aiming to enhance the bidirectional interaction capabilities between vehicles and the grid [15] Market Insights - In May 2025, domestic sales of new energy commercial vehicles reached 73,000 units, a year-on-year increase of 47.3%, but a month-on-month decline [25][27] - The penetration rate of new energy trucks has increased significantly, while the penetration rate of medium and large passenger vehicles has decreased to 42.94% [27][28] - New energy heavy-duty trucks maintained rapid growth, with a year-on-year increase of 184% in May 2025 [27][30] Company Monitoring - SANY Group launched the SE636 electric heavy truck, designed for express delivery, featuring a battery capacity of 636 kWh and a range of 500 kilometers [34][37] - The new "Star Enjoy V7E" from the Far East New Energy Commercial Vehicle Group aims to reshape the global VAN market value logic [38] - Qingling Motors has launched the "Qingling Lingkun" pure electric light truck, equipped with CATL's advanced battery technology, offering over 500 kilometers of range and rapid charging capabilities [40][42]

Core Insights - The data indicates significant trading volume increases for various companies, suggesting heightened investor interest and potential market movements [1][2][3][4][5] Group 1: Companies with Notable Volume Increases - 阳光能源 (00757) reported a volume ratio of 2.35, indicating strong trading activity [2] - 长城汽车 (02333) had a volume ratio of 2.21, reflecting increased investor engagement [2] - 郑煤机 (00564) showed a volume ratio of 1.92, suggesting a notable rise in trading [2] Group 2: Additional Companies with Increased Trading Activity - 万国数据-SW (09698) recorded a volume ratio of 1.83, indicating significant market interest [2] - 映恩生物-B (09606) had a volume ratio of 1.78, reflecting heightened trading activity [2] - 超盈国际控股 (02111) reported a volume ratio of 1.71, suggesting increased investor focus [2] Group 3: Companies with Moderate Volume Ratios - 中国能源建设 (03996) had a volume ratio of 1.70, indicating a solid level of trading activity [2] - 亚信科技 (01675) reported a volume ratio of 1.60, reflecting moderate investor interest [2] - 金宝通 (00320) showed a volume ratio of 1.53, suggesting a rise in trading volume [2] Group 4: Companies with Lower Volume Ratios - 中国水务 (00855) had a volume ratio of 1.52, indicating stable trading activity [2] - 广汽集团 (02238) reported a volume ratio of 1.52, reflecting consistent investor engagement [2] - 凯莱英 (06821) showed a volume ratio of 1.52, suggesting steady trading interest [2]

Domestic News - The Ministry of Industry and Information Technology is accelerating the improvement of the standard system in the fields of new energy vehicles and other green low-carbon industries, focusing on the development of standards for various technologies such as industrial microgrids and high-safety energy storage batteries [3] - Shanghai is promoting a pilot program for the import of used key components for automotive research and testing, aiming to enhance the independent R&D capabilities of local automotive companies and improve their international competitiveness [4] - Hongmeng Zhixing has established 32 new user centers in April and May, with a target of over 350 centers by 2025, enhancing its offline service network [5] - Geely has obtained the "3A" capability certification for software quality systems, becoming the first company globally to achieve this, which signifies a significant milestone in the maturity of China's intelligent and electric vehicle standards [6] - BYD has launched its flagship luxury MPV, the M9, in Mexico, marking a significant step in its expansion into the high-end new energy market [7] - Tesla has opened over 2,100 supercharging stations in China, with a total of over 11,600 supercharging piles, enhancing its charging network across various locations [8] - Pony.ai has signed a strategic cooperation framework agreement with Lingnan Holdings to explore applications of autonomous driving in tourism [9] - CATL has commenced construction of a battery joint venture in Indonesia, with an expected total battery capacity of 15 GWh, capable of powering 250,000 to 300,000 vehicles [10] International News - Morocco plans to increase electric vehicle production by 53% by the end of 2025, reaching 107,000 units, as part of its strategy to diversify export markets [11] - Volkswagen Group is investing $1 billion in Rivian as part of a larger commitment of up to $5.8 billion, aiming to acquire advanced electric architecture technology [12][13] - VinFast has officially launched its second factory in Vietnam with an initial annual capacity of 200,000 vehicles, despite facing challenges in attracting foreign buyers [14] - The UK automotive industry reported a significant decline in production, with May's output dropping 32.8% year-on-year, marking the lowest level in over 70 years [15] Commercial Vehicles - CATL's advanced battery technology has empowered the launch of the Qingling Lingkun pure electric light truck in Shenzhen, catering to the growing demand for electric commercial vehicles [16] - The Shandong Province has established a key laboratory for safety and energy efficiency in new energy commercial vehicles, focusing on technological research and industry upgrades [18] - Wuling's Yangguang model has officially adopted CATL batteries, enhancing product reliability [19] - Beiqi Foton has launched the new Truck Mate in South Africa, targeting the growing demand for high-quality commercial vehicles in the region [20][21]