Group 1 - The core viewpoint of the news is that Hong Kong automotive stocks have generally risen, with significant increases in companies like BYD, Chery, and XPeng, driven by positive developments in the EU-China electric vehicle negotiations [1] - The Ministry of Commerce announced progress in consultations regarding electric vehicles, agreeing to provide general guidance on price commitments for Chinese exporters of pure electric vehicles to the EU [1] - Industry expert Cui Dongshu indicated that initial implementation of the price commitment mechanism may lead to short-term fluctuations in sales for some automakers as they adjust pricing and product structure [1] Group 2 - As automakers adapt to new rules, local production capacity is expected to be released, and product competitiveness will improve, leading to a gradual recovery in the sales of Chinese electric vehicles in the EU market [1] - Cui Dongshu forecasts that from 2026 to 2028, exports of Chinese electric vehicles to the EU will maintain an annual growth rate of around 20%, becoming a significant driver of growth in the global electric vehicle market [1] - Specific stock performance includes BYD rising by 4.13%, Chery by 3.02%, XPeng by 2.80%, and others showing increases, indicating a positive market sentiment towards these companies [2]

Core Insights - Hongmeng Zhixing achieved a total delivery of 589,100 vehicles in 2025, with a monthly peak delivery of 89,600 vehicles, setting a record for the fastest "million delivery" in China's new energy vehicle sector within 43 months [2][11] - The brand ranks second among new energy vehicle manufacturers, just behind Leap Motor, which delivered 597,000 vehicles [12] - The core brand, AITO, celebrated the production of its one-millionth vehicle on January 13, marking a significant milestone [3] Delivery Performance - AITO's new vehicle deliveries exceeded 57,000 in December 2025, setting a new monthly delivery record, and the total annual deliveries surpassed 420,000, leading the high-end new energy vehicle market [7] - The growth trajectory of AITO has been remarkable, with the time taken to reach the one-million delivery mark being only 18 months from 400,000 to 1,000,000, significantly outpacing traditional luxury brands [7] Product Expansion - The first MPV model, Zhijie V9, has been officially announced and is expected to fill a gap in the MPV category, with deliveries anticipated in spring 2026 [2][13] - The company plans to introduce over 10 new models under the "Zhixuan" mode in 2026, further expanding its share in the high-end new energy market [2][13] Sales Growth - In 2025, the overall sales of Seres reached 472,300 vehicles, marking a year-on-year growth of 10.63% [8] - The new M7 model has seen significant success, with over 190,000 units sold in 2024, maintaining the top position in the new energy vehicle segment for 12 consecutive months [6][7] Market Position - AITO has the highest average transaction price among domestic brands, exceeding 400,000 yuan, and has established itself as a leader in the high-end segment [7] - The company has successfully positioned itself in the competitive landscape, with various models like the S9T and S800 leading their respective categories in sales [14][15]

Group 1 - The core observation from Goldman Sachs indicates a cautious outlook on the overall Chinese automotive market, with management expecting retail sales of passenger vehicles in 2026 to decline by 5% to grow by 1% year-on-year, despite the continuation of the "old-for-new" subsidy policy [1] - The report highlights that all six OEMs anticipate their sales growth in 2026 to range from 11% to 68%, while overseas sales are expected to increase between 19% and 108%, indicating a significant expansion despite a stable domestic market [2] - The management teams emphasize an accelerated overseas expansion strategy for 2026, with plans to launch more overseas versions of new models and establish local sales and service channels [3] Group 2 - The introduction of new models is expected to be aggressive, with a total of 119 new models projected for 2026, categorized by price range: 46 in the mass market (below 200,000 RMB), 37 in the mid-to-high-end market (200,000 to 300,000 RMB), and 36 in the high-end/luxury market (above 300,000 RMB) [3] - The competitive landscape in the high-end market is anticipated to become more crowded, particularly in the 250,000 to 300,000 RMB price range, which is expected to be the most competitive segment [3] - Goldman Sachs predicts a contraction in the domestic profit pool for the Chinese automotive industry in 2026, while the overseas market is expected to see accelerated adoption of new energy vehicles [3]

本文源自：金融界AI电报 港股汽车股震荡走低，比亚迪股份(01211.HK)跌超3%，蔚来汽车(09866.HK)、小鹏汽车(09868.HK)跌超 2%，吉利汽车(00175.HK)、长城汽车(02333.HK)、赛力斯(09927.HK)、理想汽车(02015.HK)跌超1%。 ...

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分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。 Seres Group Co., Ltd. 賽力斯集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：9927） 海外監管公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條而作出。 茲載列賽力斯集團股份有限公司在上海證券交易所網站刊登的《北京市金杜律師 事務所關於賽力斯集團股份有限公司2026年第一次臨時股東會的法律意見書》， 僅供參閱。 承董事會命 賽力斯集團股份有限公司 董事長兼執行董事 張正萍先生 香港，2026年1月6日 於本公告日期，本公司董事為：(i)執行董事張正萍先生、尹先知先生、申薇女士 及張正源先生；(ii)非執行董事張克邦先生、楊彥鼎先生、李瑋先生及周昌玲先 生；及(iii)獨立非執行董事李開國先生、張國林先生、景旭峰先生、黎明先生及 魏明德先生。 北京市金杜律师事务所 关于赛力斯集团股份有限公司 2026 年第一次临时股东会的 法律意见书 ...

賽力斯集團股份有限公司 章 程 | | | | 第一章 | 總則 | 1 | | --- | --- | --- | | 第二章 | 經營宗旨和範圍 | 3 | | 第三章 | 股份 | 3 | | 第一節 | 股份發行 | 3 | | 第二節 | 股份增減和回購 | 5 | | 第三節 | 股份轉讓 | 6 | | 第四章 | 股東和股東會 | 7 | | 第一節 | 股東的一般規定 | 7 | | 第二節 | 控股股東、實際控制人 | 10 | | 第三節 | 股東會的一般規定 | 12 | | 第四節 | 股東會的召集 | 14 | | 第五節 | 股東會的提案與通知 | 16 | | 第六節 | 股東會的召開 | 18 | | 第七節 | 股東會的表決和決議 | 21 | | 第五章 | 董事和董事會 | 26 | | 第一節 | 董事的一般規定 | 26 | | 第二節 | 董事會 | 30 | | 第三節 | 獨立董事 | 36 | | 第四節 | 董事會專門委員會 | 39 | | 第五節 | 董事會秘書 | 41 | | 第六章 | 高級管理人員 | 42 | | 第七章 | 財務會計制度、利 ...

Seres Group Co., Ltd. 賽力斯集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：9927） 董事名單及其角色與職能 賽力斯集團股份有限公司（「本公司」）董事（「董事」）會（「董事會」）成員載列如 下： 執行董事 張正萍先生 尹先知先生 申薇女士 張正源先生 非執行董事 李開國先生 張國林先生 景旭峰先生 黎明先生 魏明德先生 1 附註： C 相關董事會委員會主任 M 相關董事會委員會成員 香港，2026年1月6日 2 董事會下設五個委員會。下表載列各委員會的成員詳情： 審計委員會 薪酬與考 核委員會 提名委員會 戰略決策 委員會 ESG委員會 張正萍先生 C C 尹先知先生 M M 申薇女士 M M 張正源先生 張克邦先生 M 楊彥鼎先生 李瑋先生 M 周昌玲先生 M 李開國先生 M C C M M 張國林先生 M M 景旭峰先生 黎明先生 C M 魏明德先生 張克邦先生 楊彥鼎先生 李瑋先生 周昌玲先生 獨立非執行董事 ...

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。 Seres Group Co., Ltd. 賽力斯集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：9927） 於2026年1月6日舉行的 2026年第一次臨時股東會投票結果 謹此提述賽力斯集團股份有限公司（「本公司」）日期為2025年12月12日的公告 （「公告」）、通函（「通函」）及2026年第一次臨時股東會通告（「通告」）。除文義另 有所指外，本公告所用的詞彙與通函所界定者具有相同涵義。 董事會欣然宣佈，臨時股東會已於2026年1月6日（星期二）下午二時在中國重慶市 沙坪壩區五雲湖路7號本公司會議室舉行，載於通告內擬提呈之決議案已獲股東 以投票表決方式正式通過。 於臨時股東會召開當日，本公司已發行股份總數為 1,741,985,086 股（包括 1,633,366,086股A股和108,619,000股H股）。根據本公司2024年員工持股計劃的相 關規定，2024年員工持股 ...

Core Viewpoint - Company reported significant growth in electric vehicle sales, achieving a new annual sales milestone and leading the high-end electric vehicle market [1][5]. Group 1: Sales Performance - In December 2025, the company sold 60,981 electric vehicles, representing a year-on-year increase of 63.40% [1][5]. - The company has achieved over 50,000 monthly sales for three consecutive months [5]. - Cumulative sales from January to December 2025 reached 472,269 vehicles, marking a year-on-year growth of 10.63% [5]. Group 2: Delivery Records - In December 2025, the company delivered over 57,000 new vehicles, setting a new monthly delivery record [5]. - Total vehicle deliveries for the year 2025 surpassed 420,000 units, positioning the company as a leader in the high-end electric vehicle market [5].

Core Viewpoint - The company, Seres (09927), has shown significant growth in both production and sales of its vehicles, indicating a strong performance in the high-end electric vehicle market [1] Group 1: Production and Sales Performance - In December 2025, Seres reported a total vehicle production of 57,800 units, representing a year-on-year increase of 46.6% [1] - The total vehicle sales for December 2025 reached 63,700 units, marking a year-on-year increase of 53.54% [1] - For the entire year of 2025, the company achieved a total vehicle production of 518,100 units, which is a 4.37% increase compared to the previous year [1] - The total vehicle sales for 2025 amounted to 516,900 units, reflecting a year-on-year increase of 3.99% [1] Group 2: Strategic Focus and Product Development - In 2025, Seres continues to focus on high-end, intelligent, and green development paths [1] - The company has enhanced its product matrix, establishing four major product series: Wanjie M5, M7, M9, and M8, which comprehensively cover the luxury segment of the market [1] - To date, Wanjie has delivered over 970,000 new vehicles, consistently setting records for delivery speed in China's new energy vehicle market [1] - The Wanjie M9 has maintained its position as the best-selling luxury SUV priced above 500,000 yuan for 20 consecutive months [1]