Core Viewpoint - Chery Automobile faced a significant incident during a promotional vehicle test at Tianmen Mountain, leading to public concern and damage to the site, prompting an apology and commitment to repair [2][4][10] Group 1: Incident Details - On November 12, 2025, a Chery vehicle, the Fengyun X3L, experienced a malfunction during a challenging test at Tianmen Mountain, resulting in the vehicle sliding down steps and damaging safety railings [2][4] - The incident was attributed to the unexpected detachment of a safety harness, which caused the vehicle to lose control and collide with the railings, although no injuries were reported [2][4] - The test was conducted in a public area, raising concerns about the impact on visitors and the environment, which the company acknowledged in their apology [2][4][10] Group 2: Company Response - Chery Automobile issued a formal apology to the Tianmen Mountain scenic area, visitors, and partners, expressing regret for the incident and the disruption it caused [2][10] - The company committed to repairing the damage caused during the test and taking responsibility for the incident, emphasizing the need for better risk assessment and planning in future events [2][10] - The incident sparked widespread discussion online, highlighting the potential misuse of public resources for promotional activities [2][10] Group 3: Context of the Test - The Tianmen Mountain "Sky Ladder" is known for its challenging conditions, including a vertical drop of 150 meters and steep, slippery steps, making it a difficult test for vehicles [8][9] - The Fengyun X3L, launched on September 17, 2025, was specifically designed to handle tough terrains, but the test's location and conditions proved to be problematic [8][9] - The event was part of a collaboration between Chery and the scenic area, which temporarily restricted access to the steps for tourists during the testing period [5][10]

Core Viewpoint - Chery Automobile faced an incident during a promotional challenge at Tianmen Mountain, where a vehicle slid down steps and damaged guardrails, but no injuries or environmental damage occurred [1][2]. Group 1: Incident Details - On November 12, a yellow Chery vehicle, specifically the Chery Fengyun X3L, slid down the steps at Tianmen Mountain, breaking some guardrails [2][6]. - The direct cause of the incident was identified as the unexpected detachment of a safety harness, which led to the vehicle losing control and colliding with the guardrails [1][6]. - The challenge involved a steep and slippery terrain, known for its difficulty, with a vertical drop of 150 meters and an average slope of 45 degrees [2]. Group 2: Company Response - Chery Automobile issued an apology on November 13, acknowledging the incident and promising to repair the damaged area and take full responsibility for the aftermath [1][6]. - The company expressed regret for the inconvenience caused and committed to ensuring the safety and experience of visitors at the scenic site [1]. Group 3: Market Reaction - Following the incident, Chery Automobile's stock price fell by 1.20%, closing at HKD 31.38 per share, with a total market capitalization of HKD 182.3 billion [7].

Core Points - A vehicle from Chery Automobile was involved in an incident during an extreme challenge test at Tianmen Mountain Scenic Area in Zhangjiajie, Hunan, resulting in damage to the guardrail [1][4] - The company issued an apology, acknowledging the incident was caused by a safety harness failure, which led to the vehicle sliding and hitting the guardrail [4] - Chery Automobile expressed regret for the public concern caused by conducting the test in a scenic area and committed to repairing the damage and taking responsibility for the incident [4] Summary by Sections - **Incident Description** - On November 12, a vehicle was involved in an accident during a challenge test at Tianmen Mountain, leading to damage to the guardrail [1][4] - The incident was triggered by the unexpected detachment of a safety harness, causing the vehicle to slide [4] - **Company Response** - Chery Automobile issued a formal apology to the scenic area, visitors, and partners, acknowledging the oversight in risk assessment and detail management during the test [4] - The company committed to repairing the damage and taking full responsibility for the incident [4] - **Public Reaction** - The incident sparked significant online discussion, highlighting concerns over the use of public resources for such tests [4]

Market Overview - US stock market showed mixed results with the Dow Jones Industrial Average rising by 326.86 points, or 0.68%, closing at a record high of 48254.82 points, while the Nasdaq Composite Index fell by 0.26% to 23406.46 points [1] - The S&P 500 Index saw a slight increase of 0.06%, closing at 6850.92 points [1] - Major tech stocks experienced a divergence, with Nvidia up by 0.3% and Apple down by 0.6%, while Google, Amazon, Tesla, Meta, and Oracle saw declines ranging from 1.4% to 3.8% [1] - Financial sector stocks surged, with Goldman Sachs up by 3.5%, Citigroup by 2.0%, JPMorgan Chase by 1.5%, and Bank of America by 0.9% [1] - AMD shares rose by 9.0% following the company's strong long-term financial guidance [1] Economic Impact of Government Shutdown - The ongoing government shutdown, the longest in US history at 42 days, has put pressure on the US economy and affected the release of key economic data, including the October Consumer Price Index (CPI) and non-farm payroll reports [3] - The labor market shows signs of weakness, with private sector employers reducing an average of 11,250 jobs weekly over the past four weeks, indicating a softening labor market [3] - Market sentiment is cautiously optimistic regarding the potential end of the shutdown, which could alleviate one of the key risks currently facing the market [3][4] Federal Reserve and Interest Rates - There is a divergence within the Federal Reserve regarding interest rate cuts, with some members advocating for a reduction due to restrictive monetary policy [5] - The probability of a 25 basis point rate cut at the December meeting is estimated at 63% according to CME Group's FedWatch tool [4] - The yield on the 2-year Treasury note fell by 2.5 basis points to 3.565%, while the 10-year Treasury yield decreased by 4.3 basis points to 4.066% [5] Commodity Market Movements - International oil prices saw significant declines, with WTI crude oil dropping by 4.18% to $58.49 per barrel and Brent crude oil falling by 3.76% to $62.71 per barrel due to supply-demand imbalances [5] - Gold prices experienced an upward trend, with COMEX gold futures for November delivery rising by 2.38% to $4204.40 per ounce, and silver futures increasing by 5.36% to $53.33 per ounce [5]

Group 1 - Chery Automobile issued an apology regarding an incident during an extreme challenge test at Tianmen Mountain, promising to take responsibility for damages and ensure proper follow-up actions [2] - The direct cause of the incident was identified as the unexpected detachment of a safety harness, leading to vehicle malfunction and damage to the guardrail, but no injuries or environmental harm occurred [2] Group 2 - The Russian Foreign Ministry stated that Ukraine's cessation of negotiations indicates a lack of willingness to achieve peace, highlighting the failure to exchange prisoners as agreed [3] - Only 30 out of 1200 agreed prisoners have been exchanged, reflecting ongoing tensions [3] Group 3 - Seven provinces in China have implemented policies ensuring that childbirth incurs no costs for families, with 25 provinces now directly providing maternity subsidies to individuals [4] - The initiative is part of a broader effort to enhance healthcare coverage for childbirth across the country [4] Group 4 - China's government procurement reached a record high of 33,750.43 billion yuan in 2024, marking the ninth consecutive year exceeding 30 trillion yuan [5] Group 5 - The Ministry of Education and six other departments outlined plans to establish a comprehensive technology education system in primary and secondary schools by 2030, aiming to enhance practical skills and interdisciplinary learning [6] Group 6 - The Ministry of Public Security is proposing new safety standards for vehicles, including a requirement for passenger cars to have a default acceleration time of no less than 5 seconds from 0 to 100 km/h [7] - Electric and hybrid vehicles must also include features to prevent unintended acceleration [7] Group 7 - The volume of express deliveries during the "Double 11" shopping festival reached a record high of 13.938 billion packages, with a peak daily volume of 777 million packages [8] Group 8 - The China Association of Automobile Manufacturers reported that in October, automobile production and sales reached 3.359 million and 3.322 million units respectively, with year-on-year increases of 12.1% and 8.8% [10] - For the first ten months of 2025, production and sales totaled 27.692 million units, reflecting year-on-year growth of 13.2% and 12.4% [10] Group 9 - The China Photovoltaic Industry Association issued a statement refuting false information circulating online, emphasizing its commitment to industry self-regulation and the protection of national and industry interests [11] Group 10 - Eleven provinces in China experienced positive population growth over the past three years, with Zhejiang and Guangdong leading in population increase [12]

Core Viewpoint - Chery Automobile issued an apology regarding an incident during an extreme challenge test at Tianmen Mountain, which raised public concern and highlighted shortcomings in risk assessment and detail management during the event [2] Group 1: Incident Details - On November 12, 2025, the Fengyun X3L vehicle was involved in an accident during a testing project at Tianmen Mountain, leading to the interruption of the test [2] - The direct cause of the incident was the unexpected detachment of a safety harness's fixed point, resulting in the protective rope entangling the right wheel, causing the vehicle to slide and collide with a guardrail, damaging it [2] - Fortunately, there were no injuries reported, and the natural environment remained unharmed [2] Group 2: Company Response - The company expressed sincere apologies to Tianmen Mountain Scenic Area, visitors, partners, and all concerned parties for the incident [2] - The company acknowledged the need for better risk estimation and detail management in planning and executing the test, particularly regarding public concerns in open scenic areas [2] - The company committed to repairing the damage caused at Tianmen Mountain and taking full responsibility for compensation and follow-up actions [2] Group 3: Public Reaction - The incident sparked significant online discussion and was seen as a misuse of public resources, prompting the company to express discomfort and regret [2] - The company thanked the public for their supervision and criticism, indicating a commitment to learn from the incident and move forward with more solid and cautious steps [2]

Core Viewpoint - Chery Automobile issued an apology regarding an incident during an extreme challenge test of the Fengyun X3L vehicle at Tianmen Mountain, Hunan, which raised public concern due to safety issues [1] Group 1: Incident Details - The incident occurred on November 12, 2025, when the test was interrupted due to an unexpected failure of the safety protection rope's fixed point, leading to the vehicle sliding and colliding with a guardrail [1] - Fortunately, there were no injuries or environmental damage reported as a result of the incident [1] Group 2: Company Response - Chery acknowledged the inadequacy in risk assessment and detail management during the planning and execution of the test, particularly regarding public safety concerns in a scenic area [1] - The company expressed commitment to repair the damage caused at the Tianmen Mountain site and take full responsibility for compensation and follow-up actions [1] - Chery emphasized the importance of societal oversight and criticism, vowing to learn from this incident to improve future operations [1]

Group 1 - The U.S. stock market showed mixed results, with the Dow Jones increasing by 0.68% to a new closing high, while the Nasdaq fell by 0.26% and the S&P 500 rose by 0.06% [4] - International gold prices rose, with spot gold increasing by 1.62% to $4,193.51 per ounce, and COMEX gold rising by 2.06% to $4,201.30 per ounce [5] - International oil prices dropped significantly, with WTI crude oil falling by 4.28% to $58.43 per barrel and Brent crude oil decreasing by 3.84% to $62.66 per barrel [6] Group 2 - The Chinese government is promoting the integration of renewable energy industries, emphasizing the use of green electricity and smart microgrids to create low-carbon industrial parks [9] - The Ministry of Education and six other departments issued guidelines to strengthen science and technology education in primary and secondary schools, aiming for a comprehensive educational ecosystem by 2035 [8] Group 3 - CATL reported that in the first three quarters of 2025, lithium battery exports reached 116 GWh, with a total export value of 3,971 billion yuan, accounting for 43.7% of the new energy export sector [15] - Xiaomi announced the recruitment of AI talent, with a notable addition being the 95-born AI prodigy Luo Fuli, who aims to advance the company's AI research [16] Group 4 - Luckin Coffee is preparing to relist on the U.S. main board, which could enhance its brand image and growth potential [17] - Anthropic, an AI startup backed by Google, plans to invest $50 billion in building data centers in the U.S., creating approximately 800 permanent jobs [20] Group 5 - ByteDance terminated an employee for leaking confidential information, highlighting the importance of information security within the company [21] - Tianqi Lithium announced that its subsidiary in Chile received a court ruling rejecting its lawsuit, which may impact its business operations in the region [24]

Core Viewpoint - Chery Automobile's executive vice president, Li Xueyong, discussed the limitations of emergency braking in high-speed situations during the launch of the fifth-generation Tiggo 8, emphasizing that instant stops at high speeds are physically impossible [1][3]. Group 1: Emergency Braking Insights - Li stated that it is impossible to achieve an instant stop at speeds of 100 km/h, 150 km/h, or even 200 km/h, as it contradicts the laws of physics [3]. - He highlighted that when a vehicle is traveling at 120 km/h, in an emergency, braking can only reduce speed to approximately 80 km/h [3]. - The executive emphasized that safety in emergencies relies on good control, steering, and power, indicating that effective deceleration is crucial for maintaining safety [3].

FF301 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10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: 奇瑞汽車股份有限公司 呈交日期: 2025年11月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 09973 | 說明 | H股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,313,396,074 | RMB | | 1 RMB | | 2,313,396,074 | | 增加 / 減少 (-) | | | 41,375,900 | | | RMB | | | | 本月底結存 | | | 2,354,771,974 | RMB | | 1 RMB | | 2,354,771,974 | | 2. 股份分 ...