Core Viewpoint - Chery has initiated a series of internal reforms aimed at reducing meeting frequency and enhancing efficiency, with a target to cut company-level meetings and participants by 30% each [1][3]. Group 1: Meeting Efficiency - Chery's Chairman, Yin Tongyue, acknowledged past shortcomings in meeting management and apologized for the lack of consideration for employees [1]. - The company has mandated that no meetings be held on weekends to allow employees living away from home to return [3]. - Leaders are encouraged to spend more time on-site rather than in meetings, with a focus on holding shorter and smaller meetings [3]. Group 2: Personnel Efficiency - An internal document reportedly outlines a strategy for improving personnel efficiency, emphasizing a "345" approach where three people are expected to perform the work of five while receiving salaries for four [3]. - The human resources department is tasked with implementing specific actions to address overtime issues as part of the overall efficiency improvement strategy [3].

Core Viewpoint - The article discusses the competitive landscape of the automotive industry, focusing on the development of MPVs by companies like Zhijie and Chery, highlighting the strategic decisions and market dynamics involved in this segment [3][4][14]. Group 1: Development of MPVs - Zhijie is developing its first MPV, the EHV, based on the E0X-L platform, with plans for a launch in the first half of next year [3][4]. - Chery's original luxury MPV, the Xingjiyuan E08, has been halted in development, with some team members moving to Zhijie to strengthen its MPV project [3][4]. - The decision to let Zhijie debut the luxury MPV reflects Chery's strategy to reduce resource redundancy and focus on high-end electric vehicles [4][9]. Group 2: Market Positioning and Competition - The Xingjiyuan series, launched in July 2023, aims at the high-end market with prices ranging from 172,800 to 319,800 yuan, while Zhijie targets a similar demographic but with a higher price point for its models [3][4][14]. - The competition between Zhijie and Xingjiyuan is evident, as both brands target the same consumer base, but Zhijie is positioned to better support the luxury MPV segment [4][14]. Group 3: Sales Performance and Challenges - Zhijie has sold 64,300 units in the past seven months, outperforming Xingjiyuan's 44,200 units, indicating a stronger market presence [14]. - Despite initial success, Zhijie faces production challenges, with delays in the delivery of the Zhijie S7 model leading to customer dissatisfaction [6][19]. - The need for Zhijie to improve its delivery capabilities is critical, as it aims to capitalize on the growing MPV market, which saw a 53.3% year-on-year increase in sales in June [11][19]. Group 4: Strategic Partnerships - The collaboration between Chery and Huawei has been pivotal for Zhijie, with Huawei's technology and market insights playing a significant role in the development of its vehicles [6][19]. - Chery's restructuring into "new four major" divisions aims to enhance brand competitiveness and streamline operations, particularly in the context of its partnership with Huawei [4][6].

Core Viewpoint - The competition for the first MPV under the Hongmeng Intelligent Driving brand is intensifying, with Zhijie potentially gaining an advantage as it develops its MPV based on the E0X-L platform, expected to launch in the first half of next year [1][3]. Company Developments - Zhijie is developing an MPV named "EHV," which will offer both pure electric and extended-range powertrains, with batteries supplied by CATL [1]. - Chery's first luxury MPV, the Star Era E08, has reportedly halted development, with some team members transferring to Zhijie to bolster its MPV development efforts [1][3]. - Chery has initiated a brand integration strategy, forming "New Four Major" divisions to optimize resource allocation and enhance brand competitiveness [2]. Market Positioning - Zhijie and Star Era are positioned similarly in the high-end new energy market, but Zhijie is seen as better suited to support luxury MPV models [2]. - The pricing strategy for the Star Era series has been adjusted, with the starting price dropping to 19.88 million yuan, making it 5.1 million yuan cheaper than Zhijie S7 [4]. Sales Performance - Zhijie S7 has received over 20,000 pre-orders since its launch, but production issues have led to delays, causing dissatisfaction among customers [4][5]. - In the first half of the year, Zhijie sold 64,300 units, surpassing Star Era's 44,200 units, indicating a stronger market performance [10]. Production Capacity - Chery's new "Intelligent Connected Super Factory" is set to produce Zhijie S7, but initial production challenges have led to a temporary shift to another facility [4][5]. - Zhijie has established an independent factory, which is expected to alleviate resource allocation issues with other Chery brands [13]. Future Outlook - The MPV market is growing, with a 53.3% year-on-year increase in sales for new energy MPVs in June, indicating a favorable environment for Zhijie's upcoming launch [7]. - If Zhijie's EHV MPV launches successfully, it could become a significant growth point for the brand, especially as it aims to compete in a market where many manufacturers are pivoting towards MPVs [15].

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: | 澳洲成峰高教集團有限公司 | | | | 呈交日期: | 2025年8月1日 | | | | I. 法定/註冊股本變動 不適用 | | | | | 備註： | | | | | 根據《澳洲公司法》，註冊公司概無設定法定股本，且並無就有關已發行股份採用「面值」的概念。 | | | | FF301 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01752 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | ...

Core Insights - The launch of the Fengyun A9L in Hangzhou marks a significant step for the company, with a price range of 139,900 to 197,900 yuan for its four variants [2] Group 1: Product Development - The company invested over 10 billion yuan over six years to develop the Fengyun A9L, aiming to achieve a driving experience comparable to luxury brands [2] - The A9L is built on a global high-performance luxury electric hybrid platform, featuring a four-wheel drive version with a maximum power of 470 kW and a maximum torque of 854 N.m [2] - The vehicle can accelerate from 0 to 100 km/h in under 4 seconds, showcasing its high performance [2] Group 2: Battery and Charging Technology - The Fengyun A9L has a measured pure electric range of 260 km and a combined range that can challenge 2,500 km [2] - Charging from 30% to 80% takes only 14.5 minutes, highlighting the efficiency of its battery technology [2] Group 3: Advanced Technology Features - The AI magnetic suspension digital chassis consists of a front double wishbone and rear high-end five-link setup, combined with the Bosch IPB 2.0 intelligent dual-control system [2] - This technology enables a smooth driving experience, minimizing body roll and enhancing stability during various driving conditions [2] - The Falcon Intelligent Driving Assistance System, developed in collaboration with Momenta, provides a safe and reliable smart driving experience across different scenarios [2]

Core Viewpoint - The launch of Chery's new fuel performance vehicle, the Arrizo 8 PRO 2.0T, marks a significant moment for traditional fuel cars as they attempt to regain market presence amidst the rise of electric vehicles [2][3] Market Dynamics - Fuel performance vehicles are facing strong competition from electric vehicles, yet there remains a dedicated consumer interest in this segment [3][4] - The market share of fuel vehicles has been declining, with only a few domestic brands like Chery, Geely, and Great Wall continuing to develop both fuel and electric vehicles [3][4] - The fuel performance vehicle segment is relatively scarce, and the introduction of new models like the Arrizo 8 PRO 2.0T could fill a market gap [3][8] Consumer Preferences - A significant portion of fuel performance vehicle consumers are aged between 25 and 35, indicating a strong youthful demographic that values the unique advantages of these vehicles [7] - Fuel performance vehicles are appreciated for their high-power engines, rapid acceleration, and superior handling, which resonate well with younger consumers [7][9] Technological Advancements - Recent advancements in engine, transmission, and chassis technologies have led to improved fuel performance vehicles that emphasize energy efficiency and overall performance [5][12] - The integration of smart cockpit and driving technologies enhances the driving experience, making these vehicles more appealing to consumers [5] Competitive Strategy - To succeed in the current market, fuel performance vehicles must differentiate themselves from electric vehicles by highlighting their unique driving experiences and mechanical feedback [4][12] - Companies are focusing on customization and personalization to meet consumer demands, which can enhance the appeal of fuel performance vehicles [11][12] Future Outlook - The market for fuel performance vehicles is expected to maintain a share of around 30% in the future, alongside electric vehicles at 40% and hybrid vehicles at 30% [8] - Innovations in automotive technology, such as lightweight materials and advanced manufacturing processes, are anticipated to further enhance the performance of fuel performance vehicles [8][12] Cultural and Emotional Value - Fuel performance vehicles are increasingly seen as cultural artifacts, with brands leveraging their heritage and storytelling to create emotional connections with consumers [11][12] - The potential for limited edition models and customized modifications can elevate the perceived value and exclusivity of fuel performance vehicles [12]

Core Viewpoint - The article discusses the challenges faced by the Zhijie brand, a collaboration between Huawei and Chery, highlighting its initial success followed by significant delivery issues and declining sales, leading to dissatisfaction among users and internal competition with other brands [2][3][4][6][11]. Group 1: Brand Performance and Sales - Zhijie launched its first model, the Zhijie S7, in November 2023, which received over 5,000 pre-orders on launch day and more than 20,000 within a month, targeting the young elite market priced between 250,000 to 350,000 yuan [3][4]. - However, the delivery timeline extended from the planned 4-6 weeks to over 12 weeks due to chip shortages and factory relocation, leading to quality control issues and order cancellations [3][4]. - Sales peaked at 7,397 units in October 2024 but dropped significantly to 565 and 491 units in May and June 2025, respectively, with overall sales for June reported at 2,459 units [4][6]. Group 2: Internal Competition and Brand Strategy - Zhijie faces internal competition from other brands under the Huawei and Chery umbrella, such as Wanjie and Xingtu, which complicates its market positioning [6][8]. - The brand's identity is muddled by similarities in appearance, technology, and pricing with other Chery brands, leading to confusion among consumers and sales personnel [7][8]. - Chery's decision to promote its main brand over Zhijie during a live stream event for the Fengyun A9L model has further alienated Zhijie users, who feel neglected [7][8]. Group 3: Strategic Changes and Future Outlook - In early 2025, Zhijie became an independent entity under Chery, allowing for more autonomous financial and marketing decisions, which is seen as a self-rescue attempt [9][10]. - Chery plans to establish a dedicated sales company for Zhijie to enhance its market presence and resolve issues related to being overshadowed by other brands [10]. - The introduction of a new logo and branding strategy aims to differentiate Zhijie from its competitors and improve its market appeal [10].

Core Viewpoint - The launch of the Chery Fengyun A9L has created a significant market impact, achieving over 50,000 orders within 24 hours, marking it as a phenomenon in the 2025 automotive market [3]. Group 1: Market Response - The Fengyun A9L has set a new sales record for luxury cars from Chinese brands and has generated a surge in customer interest, with showrooms experiencing high foot traffic and test drive appointments being oversubscribed [3]. - The vehicle's launch has led to a situation in some cities where demand exceeds supply, resulting in a "hard-to-get" scenario for potential buyers [3]. Group 2: Reasons for Success - The success of the Fengyun A9L can be attributed to three main factors: a disruptive pricing strategy, superior product capabilities, and a user-driven co-creation approach [5]. - The pricing strategy of 139,900 yuan has shattered the price ceiling for C-class luxury cars, altering consumer perceptions of luxury vehicle pricing [6]. - The product offers a unique combination of features, including B-class pricing, C-class dimensions, and D-class experiences, redefining the value standards in the luxury car market [6]. - The vehicle was developed with input from over 500,000 users, incorporating 1,278 suggestions, which has significantly enhanced its market acceptance [6]. Group 3: Strategic Evolution - The Fengyun brand represents Chery's commitment to producing high-quality vehicles for the public, evolving from its origins in 1999 to a modern player in the high-end automotive market [8][9]. - The brand has undergone a strategic transformation, with plans to launch 16 new models over the next three years, covering various vehicle types and powertrains [15]. Group 4: Product Features - The Fengyun A9L boasts unique features such as a C-class space dimension, a pure electric range of 260 km, and advanced suspension systems that enhance driving performance and comfort [18][19][21]. - The vehicle's design incorporates high-strength materials and advanced safety features, including nine airbags and a robust body structure, ensuring a high level of safety [21][26]. - The audio system and AI capabilities of the Fengyun A9L are designed to provide a premium user experience, showcasing the integration of advanced technology [29]. Group 5: Competitive Advantage - Chery has developed a unique "explosive product manufacturing" system, leveraging partnerships with leading technology firms and its extensive manufacturing experience to create competitive products like the Fengyun A9L [30][31]. - The combination of cutting-edge technology, user-centric design, and robust manufacturing capabilities has positioned the Fengyun A9L as a strong competitor in the luxury car market [31].

Core Viewpoint - The partnership between Chery and Huawei for the Zhijie brand is facing significant challenges, leading to dissatisfaction among Zhijie car owners and declining sales figures [1][4][11]. Group 1: Partnership Issues - Chery's chairman, Yin Tongyue, indicated that the company has faced difficulties in its collaboration with Huawei, suggesting that listening to Huawei leads to better outcomes [1][4]. - There are rumors of discord between Chery and Huawei, particularly regarding the production capacity for the Zhijie brand, which has reportedly been deprioritized in favor of other models [4][11]. - The Zhijie brand has experienced a significant drop in sales, with June figures falling to 2,459 units, marking a new low [11]. Group 2: Customer Dissatisfaction - Zhijie car owners expressed their frustration over Chery's marketing strategies, feeling that the brand is not being adequately promoted compared to others [8][11]. - There have been calls from Zhijie owners to remove the Chery logo from their vehicles, emphasizing their preference for the Zhijie brand over Chery [6][11]. - The recent marketing decisions, such as using Zhijie’s official account to promote new Chery vehicles, have further angered customers [3][4]. Group 3: Sales and Market Response - The Zhijie brand's sales have been on a downward trend, with a peak of 17,736 units in December 2024, followed by a significant decline throughout 2025 [11][13]. - In response to customer complaints, Zhijie announced cash subsidies and promotional activities, but these measures have not satisfied existing customers who feel overlooked [7][11]. - The recent restructuring within Chery aims to enhance the operational independence of the Zhijie brand, which may help address some of the ongoing issues [9][13].

Group 1 - The U.S. President Trump announced tariffs on imports from 14 countries, with rates ranging from 25% to 40% depending on the country, effective from August 1 [2] - The tariffs include 25% on Japan and South Korea, 30% on Bosnia and South Africa, and up to 40% on Laos and Myanmar [2] - Trump warned of reciprocal tariffs if Japan and South Korea respond with their own increases [2] Group 2 - China's National Development and Reform Commission allocated an additional 10 billion yuan for employment support projects, aiming to create jobs for 310,000 individuals [3] - The investment will fund 1,975 projects, with 45.9% of the budget allocated for labor remuneration [3] Group 3 - The State Council's Food Safety Committee proposed a reward mechanism to encourage food industry employees to report safety risks, aiming for implementation by the end of 2026 [4] - The mechanism will initially target key sectors and larger businesses before expanding to other food production and import/export entities [4] Group 4 - The Ministry of Ecology and Environment emphasized the need for high standards in marine ecological protection and comprehensive governance of key sea areas [7] - The ministry aims to enhance the efficiency of environmental resource allocation and strengthen carbon market construction [7] Group 5 - China's Ministry of Industry and Information Technology announced the formal release of the international standard for autonomous vehicle testing, ISO 34505:2025, which fills a gap in testing scenario generation [8] - The standard was developed with collaboration from Chinese and German experts and aims to establish evaluation methods for autonomous driving systems [8] Group 6 - The average price of pork in China's wholesale markets increased by 0.4% compared to the previous week, with the current price at 20.66 yuan per kilogram [11] - The overall agricultural product wholesale price index rose by 0.34 points, indicating a general increase in food prices [11] Group 7 - China's foreign exchange reserves reached $33,174 billion at the end of June, marking a $32.2 billion increase from May, representing a 0.98% rise [12] - The gold reserves also increased, reaching 7.39 million ounces, continuing an eight-month growth trend [12] Group 8 - The Shanghai government introduced measures to promote the high-quality development of the software and information services industry, including a pilot policy for foreign-funded game companies [14] - This initiative is expected to enhance the growth potential for foreign enterprises in the gaming sector [14] Group 9 - Chery Automobile established a domestic business division, which includes four sub-divisions, but clarified that this restructuring does not involve changes in brand positioning [25] - The adjustment aims to focus on strategic alignment and resource integration [25] Group 10 - The new quantitative trading regulations, effective from July 7, focus on enhancing supervision of high-frequency trading and outline specific management requirements [27] - The regulations aim to address abnormal trading behaviors and improve market stability [27]