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 。 長 城 汽 車 股 份 有 限 公 司 GREAT WALL MOTOR COMPANY LIMITED* （於中華人民共和國註冊成立的股份有限公司） 股份代號：2333（港幣櫃檯）及82333（人民幣櫃檯） 」。 承董事會命 長城汽車股份有限公司 公司秘書 李紅栓 ，2025 12 9 於本公告日期，董事會成員如下： 執行董事：魏建軍先生、趙國慶先生及李紅栓女士。 職工董事：盧彩娟女士。 非執行董事：何平先生。 此海外監管公告是根據香港聯合交易所有限公司證券上市規則第13.10B條發出。以下為長城 汽車股份有限公司於上海證券交易所網站（www.sse.com.cn）所刊發之「長城汽車股份有限 公司關於公司2021年股票期權激勵計劃首次授予及預留授予部分股票期權註銷完成的公 獨立非執行董事：樂英女士、范輝先生及鄒兆麟先生。 * 僅供識別 海外監管公告 | 证券代码：601633 | 证券简称：长城汽车 ...

Core Viewpoint - The next generation of electric MINI models is expected to significantly improve battery performance and range, moving away from the current limitations of the existing models powered by batteries from Honeycomb Energy, which are associated with Great Wall Motors [1][8]. Group 1: Current Electric MINI Models - The current electric MINI COOPER series and electric MINI ACEMAN have a CLTC range of only over 400 kilometers, leading to range anxiety for consumers without home charging options [1][8]. - The existing models are powered by batteries from Honeycomb Energy, which is backed by Great Wall Motors [1][8]. Group 2: Future Developments - BMW plans to introduce the 4695 cylindrical battery in its next generation of vehicles, which may include the MINI models after the new generation is launched [1][8]. - The 4695 battery features a diameter of 46mm and a height of 95mm, with a 20% increase in energy density and a 30% increase in range compared to previous models [5][12]. - The new battery technology will support fast charging, allowing for 300 kilometers of range to be added in just 10 minutes [5][12]. Group 3: Market Implications - The introduction of the 4695 battery is expected to enhance the electric MINI's appeal, allowing it to move beyond being just a "city commuting" vehicle, enabling longer trips without frequent charging stops [7][14]. - Great Wall Motors has significant financial stakes in the MINI brand, with projected sales of approximately 134 billion yuan in 2024 and 69.5 billion yuan in the first half of 2025 from related products [8][15]. - To retain the MINI partnership before the 4695 battery project is implemented, Great Wall Motors needs to negotiate with BMW promptly [15].

Summary of Key Points Core Viewpoint - The automotive industry in China is nearing the end of 2025, with various companies reporting their sales performance against annual targets, revealing a mix of successes and challenges across the sector. Group 1: Company Performance - China FAW Group achieved a cumulative sales of 2.995 million units from January to November, with a target completion rate of 86.81% against an annual goal of 3.45 million units, showing a year-on-year growth of 4.8% [3][4] - Changan Automobile reported cumulative sales of 2.658 million units, achieving 88.6% of its 3 million unit target, with a notable 54.66% year-on-year growth in its new energy vehicle sales [6] - SAIC Motor Corporation reached 4.108 million units in cumulative sales, completing 91.29% of its 4.5 million target, with a 16.4% year-on-year growth [8] - GAC Group's cumulative sales were 1.534 million units, achieving only 66.7% of its 2.3 million target, reflecting a 10.8% year-on-year decline [10] - BYD's cumulative sales stood at 4.182 million units, completing 90.9% of its revised target of 4.6 million units, with significant contributions from overseas markets [12] - Geely Automobile achieved 2.788 million units in sales, with a completion rate of 92.93%, reflecting a strong 42% year-on-year growth [14] - Chery Group's cumulative sales were 2.561 million units, with a year-on-year growth of 11.1%, aiming to exceed industry growth by 10-20 percentage points [16] - Li Auto reported 362,000 units sold, achieving only 56.56% of its 640,000 target, facing challenges in product cycles and market competition [18] - NIO's cumulative sales were 278,000 units, achieving 62.61% of its 444,000 target, with a year-on-year growth of 45.6% [20] - XPeng Motors exceeded its target with 392,000 units sold, achieving 103.1% of its goal [22][23] - Leap Motor surpassed its target with 536,000 units sold, achieving 107.2% of its goal [25] - Xiaomi's automotive division exceeded its target of 350,000 units, with expectations to surpass 400,000 units [27] - Lantu's cumulative sales were 134,000 units, achieving 67% of its 200,000 target, with a year-on-year growth of 82% [29] - Deep Blue reported a year-on-year growth of 45.7%, with a target of 360,000 units [31][32] - Arcfox aimed for significant growth, achieving 85.38% of its target with 136,600 units sold [34] Group 2: Industry Insights - The performance metrics of these companies reflect their strategic positioning in technology, market strategy, and organizational resilience, indicating a transition in the Chinese automotive industry from quantity accumulation to quality improvement [34]

Group 1 - Faraday Future's board has approved a five-year business plan to produce and sell 400,000 to 500,000 vehicles, with the first batch of FX Super One vehicles set to roll off the production line on December 21, 2023 [2] - Tesla's new Model 3 high-performance version is expected to have an updated delivery date of February 2026, according to the official website [2] - Great Wall Motors' Wey brand addressed concerns regarding partial cracks in the Blue Mountain model's instrument panel, attributing the issue to improper installation, which does not affect functionality [2] Group 2 - Xpeng's subsidiary, Huitian, has received authorization for a new patent aimed at improving the control efficiency of flying vehicles, involving a method and system that utilizes a range extender and specific signals to enhance performance [2]

12月7日，长城汽车旗下魏牌发布声明称，关注到有部分蓝山车主反馈车辆仪表装饰板出现局部裂纹问 题，经核查，该问题是由于装饰板安装过程操作不当，产生应力集中，进而导致局部裂纹。此部件为装 饰作用，不影响功能使用。魏牌方面表示，厂家免费更换此部件，提供上门取送车服务，并承诺此部件 终身质保。 ...

IT之家 12 月 7 日消息，长城汽车欧拉 5 将于 12 月 16 日上市（原定于 12 月 9 日），届时欧拉品牌也将正式发布品牌焕新战略及未来产品布局规划。这款纯 电 SUV 于 11 月 12 日正式开启预售，预售价区间 10.98-14.28 万元。 IT之家注意到，这款汽车延续了欧拉"猫"系列车型的设计，前脸外观趋近于已推出的欧拉好猫，应用具有筋线的分层式设计，散热开口位于车身下方，两侧 还拥有纵向布局通风开口设计，应用分体式椭圆形大灯，整体造型较为灵动。尺寸方面，这款汽车的长宽高分别是 4471*1833 (1844)*1641 mm，轴距为 2720 mm。 动力方面，欧拉 5 配备最大功率 150kW 的电机，搭载蜂巢能源磷酸铁锂短刀动力电池，有 45.3kWh 和 58.3kWh 两种容量可选，对应续航里程分别为 480km 和 580km。 此外，这款汽车还搭载有新一代车机系统 Coffee OS3，接入 Deepseek 大模型，可提供各种智能体验，后排拥 有独立空调出风口，可选激光雷达、后摄像头、侧面雷达等配置，支持高阶驾驶辅助功能。 IT之家附该车各版本预售价格如下： 480km ...

Core Viewpoint - The company has acknowledged issues with the instrument panel decorative trim of the Blue Mountain model, which has been reported by some owners to have localized cracking due to improper installation, but it does not affect the functionality of the vehicle [1] Group 1: Issue Identification - The company has formed a special team to address the feedback regarding the localized cracking of the instrument panel decorative trim [1] - The cracking issue is attributed to stress concentration caused by improper installation during the assembly process [1] Group 2: Customer Service Response - The company has introduced a special service policy to resolve customer concerns, including a dedicated hotline for feedback and a commitment to respond promptly [1] - The manufacturer will provide free replacement of the affected part, along with door-to-door vehicle pickup and delivery service, and offers a lifetime warranty on this component [1] Group 3: Commitment to Customer Rights - The company emphasizes its commitment to customer-centric service, adhering to principles of transparency and factual accuracy [1] - The company strictly follows national automotive warranty regulations and the Blue Mountain's 5-year or 150,000-kilometer warranty policy to protect the legal rights of vehicle owners [1]

Core Viewpoint - The sudden halt of the autonomous driving company, Haomo Zhixing, reflects the challenges faced by firms in the autonomous driving sector, particularly those reliant on a single major partner like Great Wall Motors [4][15]. Group 1: Company Background and Development - Founded in 2019, Haomo Zhixing emerged as a latecomer in the autonomous driving industry, entering during a critical transition from hype to rational investment [5]. - The company was established as a spin-off from Great Wall Motors, aiming to develop autonomous driving technology independently, with a strong leadership team from the parent company [6]. - Haomo Zhixing quickly gained attention, achieving significant milestones such as the launch of its HPilot system across over 20 vehicle models and generating over 100 million yuan in revenue by the end of 2021 [7]. Group 2: Challenges and Setbacks - The company's decline began with delays in launching its urban NOH feature, which was initially promised for late 2022 but failed to materialize, leading to a loss of confidence from Great Wall Motors [8]. - As Great Wall Motors began to seek alternatives, such as partnerships with other firms like Yuanrong Qixing, Haomo Zhixing found itself increasingly marginalized [8]. - Internal turmoil became evident with reports of layoffs and high-level departures, including key executives, indicating deeper issues within the company [13]. Group 3: Financial and Investment Landscape - Haomo Zhixing has raised approximately 2 billion yuan across seven funding rounds, with significant investments from major players like Meituan and Hillhouse Capital, achieving a valuation exceeding 1 billion USD [9][10]. - The company had plans for an IPO, initially targeting the Sci-Tech Innovation Board in 2020 and later considering a Hong Kong listing in 2024, but these plans have faced setbacks [10][12]. - Despite a promising start, the company has struggled to secure new funding and maintain operational stability, leading to a cash flow crisis and delayed salary payments to employees [13]. Group 4: Industry Context and Future Outlook - The autonomous driving sector is experiencing a competitive phase, with a notable shift in investment focus towards established players, highlighting a "Matthew Effect" where resources concentrate among the most successful firms [14]. - Haomo Zhixing's situation serves as a cautionary tale for other companies dependent on a single major partner, emphasizing the risks associated with such business models [15].

国家知识产权局信息显示，长城汽车股份有限公司申请一项名为"碰撞假人"的专利，公开号 CN121068236A，申请日期为2025年11月。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 财经频道更多独家策划、专家专栏，免费查阅>> 专利摘要显示，本申请提供了一种碰撞假人，涉及碰撞假人技术领域，能够提高碰撞测试数据的可靠 性。碰撞假人的胸段脊柱结构包括至少两个第一刚性胸椎件和至少两个柔性胸椎件，沿胸段脊柱结构的 延伸方向，第一刚性胸椎件与柔性胸椎件交替设置，依次首尾相接，肋骨件与第一刚性胸椎件固定连 接，肋骨件与第一刚性胸椎件一一对应设置，沿胸段脊柱结构的延伸方向，至少两个肋骨件均与胸骨件 滑动连接。本申请提供的碰撞假人，柔性胸椎件的压缩与伸展，使得胸段脊柱结构可以产生弯曲、伸展 和侧弯等运动，使得碰撞假人能够产生前俯、后仰和侧转等响应，使得碰撞假人在碰撞中的受伤情况与 真实人体的受伤情况较为一致，能够提高碰撞测试数据的可靠性。 天眼查资料显示，长城汽车股份有限公司，成立于2001年，位于保定市，是一家以从事汽车制造业为主 的企业。企业注册资本855894.5933 ...

Core Viewpoint - The proposal by former President Trump to terminate strict fuel economy standards set by the Biden administration poses a significant challenge to Europe's aggressive policies on banning fuel vehicles, highlighting a shift in the automotive industry's dynamics towards a more sustainable and diversified future led by China's oil-electric hybrid strategy [1][9]. Group 1: Policy Changes and Impacts - Trump's proposal aims to reduce the average cost of purchasing new cars by $1,000, potentially saving Americans $109 billion over five years [3]. - The new fuel efficiency standard proposed by Trump's administration requires vehicles to achieve approximately 34 miles per gallon by 2031, compared to Biden's target of 50 miles per gallon [2]. Group 2: Industry Dynamics - The automotive industry's core profits are derived from fuel vehicles, and the transition to electric vehicles represents a significant restructuring of interests, with traditional automakers facing survival pressures due to lost profits from engine manufacturing and after-sales services [4]. - The shift in stance among U.S. automakers from supporting electric vehicle initiatives to opposing stringent regulations reflects the industry's struggle with profit erosion amid changing policies [4]. Group 3: European Market Challenges - European automakers are under severe pressure from the EU's legislation to ban fuel vehicles by 2035, which is seen as overly ambitious and detrimental to businesses [5]. - The EU's "Fit for 55" plan aims for a 55% reduction in new car carbon emissions by 2030, with a complete transition to zero emissions by 2035, but this has led to some companies planning to abandon engine development altogether [5]. Group 4: Global Automotive Trends - The trend of oil-electric hybrid strategies is gaining traction globally, with Asian automakers, particularly Chinese brands like BYD, Geely, and Chery, significantly increasing their market share [7][8]. - The global automotive market remains predominantly fuel-based, with 73% of vehicles still using fuel, indicating that a rapid transition to electric vehicles is unlikely in the short term [8]. Group 5: China's Strategic Position - China's oil-electric hybrid strategy is viewed as a successful model, with the recent release of the 3.0 roadmap emphasizing the continued importance of internal combustion engines alongside electric vehicles [10]. - By 2040, it is projected that 85% of new passenger vehicles in China will be electric, with a significant market still remaining for non-pure electric models, positioning Chinese automakers as key players in the global automotive technology landscape [10].