Core Viewpoint - The commercial vehicle sector experienced a slight increase of 0.23% on December 26, with Jinlong Automobile leading the gains, while the overall market indices also showed modest increases [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 3963.68, up 0.1%, and the Shenzhen Component Index closed at 13603.89, up 0.54% [1]. - The commercial vehicle sector's individual stock performances varied, with Jinlong Automobile closing at 17.04, up 2.16%, and China National Heavy Duty Truck down 0.18% at 16.82 [1]. Group 2: Trading Volume and Value - Jinlong Automobile had a trading volume of 170,100 shares and a transaction value of 291 million yuan [1]. - Jiangling Motors recorded a closing price of 18.78 with a trading volume of 31,700 shares, resulting in a transaction value of approximately 5.97 million yuan [1]. Group 3: Capital Flow - The commercial vehicle sector saw a net outflow of 226 million yuan from institutional investors, while retail investors contributed a net inflow of 175 million yuan [2]. - The sector's overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2]. Group 4: Individual Stock Capital Flow - Jianghuai Automobile had a net inflow of 6.35 million yuan from institutional investors, but a net outflow of 2.91 million yuan from retail investors [3]. - China National Heavy Duty Truck experienced a significant net outflow of 5.06 million yuan from institutional investors, while retail investors contributed a net inflow of 16.72 million yuan [3].

Group 1 - The core viewpoint of the article highlights the ongoing developments in the automotive industry, particularly focusing on electric vehicles and market performance [2][3]. Group 2 - Dongfeng Motor announced that it aims to achieve over 1 million sales in both new energy vehicles and self-owned passenger cars by 2025, with a year-on-year growth of 22% in new energy vehicle sales and a 12% increase in self-owned brand sales, which now account for 63% of total sales [2]. - The UK used car market experienced a growth of 2.8% in Q3 2025, with transaction volumes surpassing 2 million units, marking the strongest Q3 performance since 2021 and a record of 11 consecutive quarters of growth [2]. - A new mandatory standard for electric vehicle energy consumption will be implemented starting January 1, 2026, which is the first of its kind globally. This standard tightens the energy consumption limits by approximately 11% compared to the previous recommendation and aims to improve the driving experience by increasing the average driving range by about 7% for vehicles weighing around 2 tons [2][3].

Overall Market - The total market for passenger vehicles in China includes both traditional internal combustion engine (ICE) vehicles and new energy vehicles (NEV), which comprise battery electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV) [4][5] - In November 2025, the total production of NEVs reached 1,756,587 units, while ICE vehicles produced were 1,349,384 units, leading to a total market production of 3,105,971 units [6][7] - Year-to-date (YTD) data for January to November 2025 shows NEV production increased by 6.3%, while ICE vehicle production decreased by 4.0% compared to the same period in 2024 [6][8] Market Segmentation - The market is segmented into various categories including sedans, MPVs, and SUVs, with NEVs showing a significant growth trend in all segments [25][26] - In November 2025, NEV sales in the sedan category were 593,948 units, while ICE sedans sold were 413,429 units, indicating a strong preference for NEVs in the sedan market [26] Export Market - The export of NEVs has shown substantial growth, with a total of 2,149,769 units exported in November 2025, reflecting a 243.3% increase compared to the previous year [16][21] - The NEV export penetration rate reached 41.7% in the first eleven months of 2025, up from 27.1% in 2024, indicating a growing international demand for Chinese NEVs [18][20] Manufacturer Performance - BYD remains the leading manufacturer in the NEV market, with a wholesale volume of 474,921 units in November 2025, despite a year-on-year decline of 5.8% [22][23] - Other notable manufacturers include Geely and Chery, with Geely achieving a 53.4% increase in wholesale volume, indicating strong competitive performance in the NEV segment [22][23] Price Positioning - The market is categorized into price segments, with vehicles priced below 100,000 yuan showing a significant share in the NEV market, reflecting consumer preferences for affordable electric options [4][5] - The price segmentation also indicates a growing trend towards higher-priced NEVs, as consumers are increasingly willing to invest in premium electric vehicles [4][5]

Core Viewpoint - Dongfeng Motor announced the completion of the 10,000th unit of the Dongfeng Warrior M817 and celebrated the achievement of its goal of selling 1 million new energy vehicles by 2025 [1] Group 1 - The ceremony for the 10,000th unit of the Dongfeng Warrior M817 took place in Wuhan on December 26 [1] - Dongfeng Motor is targeting to achieve sales of 1 million new energy vehicles by the year 2025 [1]

Group 1 - Dongfeng Motor has achieved a target of 1 million new energy vehicle sales by 2025, marking a significant milestone in the transition of China's automotive industry towards electric vehicles [1][2] - The chairman of Lantu Automotive expressed congratulations on this achievement, highlighting the importance of 1 million sales as a symbol of the rise of domestic automotive brands in China [1][2] - Lantu Automotive emphasizes its commitment to high-quality development and aims to contribute to the growth of Dongfeng's new energy initiatives [1][2]

Core Viewpoint - The article discusses the recent strategic partnership between Jiushi Intelligent and Dongfeng, highlighting the growing maturity of L4 autonomous driving technology and its commercialization potential in various vehicle segments [3][4][20]. Financing Situation - The article mentions that several L4 companies are currently undergoing financing, with Jiushi and Xinshi performing well in the low-speed logistics sector [2][3]. Technological Maturity - The partnership emphasizes the importance of engineering maturity for L4 systems, which must perform reliably in complex and extreme environments [7][8]. - Jiushi Intelligent has developed a unique OCC temporal model that enhances perception capabilities by utilizing multi-frame temporal data to understand object movement and potential risks [9]. Cost Structure - Jiushi's focus on cost reduction from the outset has allowed it to create a viable business model for L4 technology, addressing early concerns about the commercial feasibility of autonomous driving [15][18]. - The company employs a highly self-developed architecture for hardware, which optimizes sensor selection and computational power, leading to better cost-effectiveness [17]. Ecosystem Development - Jiushi does not position itself as a single vehicle supplier but aims to build an expandable product and ecosystem around L4 capabilities, collaborating with various partners to create diverse autonomous vehicle forms [19]. - The company has successfully deployed nearly 16,000 autonomous vehicles across over 300 cities, accumulating more than 70 million kilometers of safe operational mileage [19]. Strategic Collaboration - The collaboration between Dongfeng and Jiushi represents a "capability-level cooperation," where Dongfeng provides manufacturing advantages while Jiushi offers mature L4 technology and commercialization experience [20]. - As the industry shifts towards profitability, Dongfeng's choice of Jiushi reflects a recognition of its technological approach and cost control capabilities [21].

Group 1 - The commercial vehicle sector saw a slight increase of 0.05% on December 25, with Shuguang Co. leading the gains [1] - The Shanghai Composite Index closed at 3959.62, up by 0.47%, while the Shenzhen Component Index closed at 13531.41, up by 0.33% [1] - Key stocks in the commercial vehicle sector included Shuguang Co. with a closing price of 3.33, up by 1.22%, and China National Heavy Duty Truck Group with a closing price of 16.85, up by 1.02% [1] Group 2 - The commercial vehicle sector experienced a net outflow of 35.47 million yuan from institutional investors, while retail investors saw a net inflow of 23.6 million yuan [2] - Major stocks with significant net inflows from retail investors included Jianghuai Automobile with 90.02 million yuan and Ankai Bus with 54.19 million yuan [3] - Conversely, stocks like FAW Jiefang and Ankai Bus experienced notable net outflows from institutional investors, with FAW Jiefang seeing an outflow of 8.39 million yuan [3]

12月24日消息，据博主"汽车365热线"透露，东风风行星海V9车主范先生向其反馈称，自己的车官宣纯 电续航200公里，但实际只能跑六七十公里，售后却称没问题。 范先生介绍，自己的车是今年12月26日购买的，目前行驶了2000公里左右。 因为是混动车，当初买车时，官方宣称纯电续航续航200公里，但实际只能跑6、70公里，这还是省电开 的情况下。 自己本来就想到续航会有点虚，心理预期是140公里左右，但没想到能差这么多。 他拍摄的纯电续航对比照片显示，满电时里程数为1947km，电量剩余13%时里程数为2015km，耗电 87%行驶了68km。 范先生把车辆送到4S店进行检测，4S店只读了一下数据表示车辆没问题。范先生不认可4S店的说法， 把车辆堵在了4S店门口，工作人员才对车辆进行了路试。 但是4S店员工行驶了62公里，耗了60%的电，剩40%的电就没测了。自己用剩余的电量行驶了十几公里 后，又没电了。 4S店后来又说驾驶习惯等一系列问题，但现在希望可以解决续航的问题，要么退车。 【来源：快科 技】 秒 > 新浪财经APP le Version Sina Finance Mc 24小时全球 基金资讯 下载AP ...

肯《商业日报》12月16日报道，东风汽车与 ePureMotion 公司合作，首次通过 本地化的汽车零售和服务网络进军肯尼亚电动汽车市场，本次推出的车型主要 为ePureCitie紧凑型掀背汽车，提供经典版和豪华版两种配置。ePureMotion还 确认与Associated Vehicle Assemblers 合作，在肯尼亚本地组装东风电动汽车， 以享受当地税收优惠，并支持肯工业化进程。 （原标题：东风汽车与本地厂商合作进军肯电动车市场） ...

Market Overview - The commercial vehicle sector experienced a decline of 1.04% on December 23, with Jinlong Automobile leading the drop [1] - The Shanghai Composite Index closed at 3919.98, up 0.07%, while the Shenzhen Component Index closed at 13368.99, up 0.27% [1] Individual Stock Performance - Jinlong Automobile (600686) closed at 16.50, down 3.62% with a trading volume of 242,400 shares [1] - Ankai Bus (000868) closed at 4.90, down 2.78% with a trading volume of 144,600 shares [1] - Shuguang Co. (600303) closed at 3.28, down 2.67% with a trading volume of 175,300 shares [1] - China National Heavy Duty Truck Group (000951) closed at 16.82, down 1.64% with a trading volume of 141,900 shares [1] - Hanma Technology (600375) closed at 6.02, down 1.47% with a trading volume of 196,100 shares [1] - Dongfeng Motor (600006) closed at 7.18, down 1.37% with a trading volume of 153,800 shares [1] - FAW Jiefang (000800) closed at 6.80, down 1.16% with a trading volume of 124,200 shares [1] - Foton Motor (600166) closed at 2.91, down 1.02% with a trading volume of 1,333,100 shares [1] - Jiangling Motors (000550) closed at 18.55, down 0.80% with a trading volume of 16,600 shares [1] - JAC Motors (600418) closed at 47.69, down 0.79% with a trading volume of 345,000 shares [1] Fund Flow Analysis - The commercial vehicle sector saw a net outflow of 316 million yuan from main funds, while retail investors contributed a net inflow of 279 million yuan [1] - Among individual stocks, Ankai Bus had a main fund net inflow of 5.08 million yuan, while Jinlong Automobile experienced a net outflow of 12.92 million yuan [2] - Shuguang Co. had a main fund net inflow of 3.65 million yuan, while Hanma Technology saw a net outflow of 1.91 million yuan [2] - Jiangling Motors had a net outflow of 2.93 million yuan from main funds, but a net inflow of 3.57 million yuan from retail investors [2]