Core Insights - Dongfeng Motor Corporation has developed L4 level autonomous sanitation vehicles, which are currently in commercial operation on public roads in Xiangyang, Hubei Province [2] - In the first half of the year, Dongfeng's domestic actual terminal sales reached 69,000 units, representing a year-on-year growth of 7% [2] - The company plans to launch several key products in the second half of the year, including a new pure electric model, a new model equipped with Dongfeng Cummins engines, and high-capacity pure electric vehicles to enhance its product lineup [2] Strategic Initiatives - Dongfeng will implement three major initiatives in the second half of the year: promoting the integration of oil and electric networks and channel development in the domestic market, enhancing product competitiveness, and accelerating overseas expansion leveraging resources from Dongfeng Group [2] - The company aims to improve operational efficiency through reforms in product offerings, channel management, and overall management practices [2] - Dongfeng will focus on expanding its overseas market share, primarily exporting light trucks, small trucks, and vans to regions such as South America, Africa, and Asia-Pacific [2]

Core Insights - The collaboration between Dongfeng Motor and Huawei is entering a "2.0 era," focusing on deepening strategic cooperation and innovation in governance and operations [1][7] - Dongfeng is actively promoting the transition to new energy and intelligent vehicles, with Huawei pledging full support for this transformation [1][5] - The partnership aims to explore new cooperation models, particularly through Dongfeng Warriors Technology, which may serve as a testing ground for innovative strategies [2][6] Group 1: Strategic Cooperation - Dongfeng and Huawei have a history of collaboration dating back to 2018, with a focus on electric and connected vehicle technologies [3] - A comprehensive strategic cooperation agreement was signed in May 2025, emphasizing deep collaboration in automotive intelligence, digitalization, and ecosystem building [7] - The partnership is expected to evolve into a new model that enhances both companies' core competencies while providing better products and services to users [6][8] Group 2: Product Development and Market Performance - The first model developed through this collaboration, the Warriors M817, was launched in April 2025, featuring Huawei's advanced intelligent driving and communication technologies [4] - The M817 achieved significant pre-sale success, with 9,713 orders within the first hour and over 3,700 orders in just five hours post-launch [4] - The M817's sales performance indicates a successful market fit for the collaboration model between Dongfeng and Huawei, paving the way for further joint ventures [5][9] Group 3: Future Directions - Dongfeng's subsidiaries, including Lantu Motors and Yipai Technology, are also entering into deep collaborations with Huawei, focusing on product development and market services [6][9] - The new cooperation models will aim to create a diverse range of intelligent off-road products, transitioning from niche markets to broader consumer bases [9] - Both companies are committed to leveraging Huawei's advanced management methods to enhance their operational synergy and innovation [8]

据哥伦比亚Valora Analitik网站9月23日报道，中国品牌东风自2023年底进 入哥市场以来，借清洁能源车型实现快速成长。2024 年11月至2025年9月，其 销量由700辆增至1300辆，增长85%。目前东风已在当地有18家经销商，计划 2025 年增至22家，覆盖波哥大、麦德林、卡利等主要城市。其中天然气车型 占销量40%。凭借可靠产品与强劲售后网络，公司在2025年7至8月成为哥客车 市场第二大品牌。 （原标题：东风汽车加快在哥伦比亚业务布局） ...

Market Overview - The commercial vehicle sector experienced a decline of 1.28% on September 26, with Hanma Technology leading the drop [1] - The Shanghai Composite Index closed at 3828.11, down 0.65%, while the Shenzhen Component Index closed at 13209.0, down 1.76% [1] Stock Performance - Notable stock performances included: - Shuguang Co., Ltd. (600303) rose by 9.97% to a closing price of 3.86, with a trading volume of 501,900 shares and a turnover of 190 million yuan [1] - Hanma Technology (600375) fell by 6.13% to a closing price of 7.65, with a trading volume of 1,389,300 shares and a turnover of 1.12 billion yuan [2] - Jianghuai Automobile (600418) decreased by 2.27% to 51.63, with a turnover of 401.7 million yuan [2] Capital Flow - The commercial vehicle sector saw a net outflow of 291 million yuan from institutional investors, while retail investors contributed a net inflow of 234 million yuan [2] - The capital flow for specific stocks included: - Shuguang Co., Ltd. had a net inflow of 82.08 million yuan from institutional investors, but a net outflow of 35.01 million yuan from speculative funds [3] - Zhongtong Bus (000957) experienced a net inflow of 12.51 million yuan from institutional investors [3]

Core Viewpoint - The sales of new energy heavy trucks, particularly charging heavy trucks, have shown significant growth, with charging heavy trucks achieving record monthly sales and maintaining a high market share in the new energy heavy truck segment [1][4][32]. Sales Performance - In August 2025, the domestic new energy heavy truck market sold a total of 17,800 units, marking a 182% year-on-year increase and a 7% month-on-month increase [4]. - Charging heavy trucks accounted for 98.66% of the total sales, with 12,000 units sold in August, representing a 246% year-on-year increase and a 6% month-on-month increase [4][15]. - Charging heavy trucks have achieved a remarkable 20 consecutive months of doubling sales, outperforming the overall new energy heavy truck market for 24 consecutive months [32]. Market Share and Competition - As of August 2025, the cumulative sales of charging heavy trucks reached 75,900 units, a 230% increase compared to the same period last year [18][20]. - The top three companies in the charging heavy truck market are SANY, XCMG, and FAW Jiefang, with market shares of 21.04%, 16.25%, and 15.07% respectively [22]. - The competition among the top players is intense, with SANY leading in sales, followed closely by Jiefang and XCMG, all exceeding 9,000 units sold [26]. Segment Analysis - The charging heavy truck segment is primarily composed of traction trucks and dump trucks, which accounted for 69.68% and 13.07% of sales respectively [10][23]. - The sales of charging traction trucks have increased by 331%, significantly outpacing the overall market growth [23]. - Charging dump trucks, while showing a 112% increase, have not performed as strongly as traction trucks, indicating a disparity in growth rates within the segment [28]. Geographic Distribution - By August 2025, charging heavy trucks have been registered in all 31 provincial-level administrative regions in China, with 313 cities having registered charging heavy trucks [12]. - Major cities such as Shanghai, Shenzhen, and Chengdu have seen significant registration numbers, with 11 cities exceeding 1,000 units [12]. Future Outlook - The remarkable growth trajectory of charging heavy trucks raises questions about whether this trend can be sustained in the final months of 2025 [32].

Core Viewpoint - Dongfeng Motor Corporation's stock has shown positive performance with a 6.18% increase year-to-date and a 2.09% rise on September 26, 2023, indicating strong market interest and potential growth opportunities [1]. Financial Performance - For the first half of 2025, Dongfeng Motor reported a revenue of 5.031 billion yuan, a year-on-year decrease of 13.22%, while the net profit attributable to shareholders was 97.206 million yuan, reflecting a significant increase of 48.66% [2]. - Cumulative cash dividends since the A-share listing amount to 3.468 billion yuan, with 156 million yuan distributed over the past three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 8.75% to 131,400, while the average number of circulating shares per person increased by 9.59% to 15,219 shares [2]. - Notable changes in institutional holdings include an increase in shares held by Southern CSI 1000 ETF and a decrease by Hong Kong Central Clearing Limited [3]. Market Activity - On September 26, 2023, Dongfeng's stock price reached 7.82 yuan per share, with a trading volume of 141 million yuan and a turnover rate of 0.91%, indicating active trading [1]. - The stock has experienced a 6.54% increase over the last five trading days and a 9.45% increase over the last 60 days, showcasing a positive trend in investor sentiment [1]. Business Overview - Dongfeng Motor Corporation, established on July 21, 1999, is primarily engaged in the design, manufacturing, and sales of light commercial vehicles and engines, with 90.30% of its revenue coming from complete vehicles [1]. - The company operates within the automotive industry, specifically in the commercial vehicle sector, and is involved in various concept sectors including central enterprise reform and cold chain logistics [1].

Core Insights - The article highlights the rapid development of Lantu Automobile, a high-end smart electric vehicle brand under Dongfeng Motor, which has established a comprehensive product matrix covering SUVs, MPVs, and sedans since its inception in July 2020 [3][5] - Wuhan Economic and Technological Development Zone, known as "China's Auto Valley," is a key area for the automotive industry in central and western China, housing 10 complete vehicle manufacturers and over 1,400 parts suppliers, with an annual production and sales volume of nearly 1 million vehicles [5][7] Company Overview - Lantu Automobile has successfully expanded its market presence in core European markets, positioning itself as a significant player in the technological innovation and overseas market expansion of the new energy vehicle sector in Wuhan Economic and Technological Development Zone [3][5] - The performance of the Warrior 917 extended-range version was positively received during a media experience event, showcasing the vehicle's stability under extreme conditions, reflecting the strength of Chinese automotive manufacturers [3][5] Industry Development - Wuhan Economic and Technological Development Zone has focused on the new energy and intelligent connected vehicle industry chain, attracting high-end projects and forming a complete industrial system from key components to complete vehicles [5][7] - In the first half of 2025, the zone launched 10 new vehicle models, with a 58% year-on-year increase in new energy vehicle production [5][7] - The zone is implementing three major initiatives: accelerating the production of one million new energy vehicles, optimizing the structure of automotive zero-to-complete ratios, and tackling key core technology challenges [7] - The establishment of specialized parks, such as the Wuhan Intelligent Automotive Software Park and Hydrogen Energy Technology Industrial Park, aims to address issues like chip shortages and material bottlenecks in the automotive industry [7]

Group 1 - The core point of the article is the appointment of Wan Liangyu as the new General Manager of Mengshi Technology, following the transition of the former General Manager, Cao Dongjie, to a role at Dongfeng Honda [1][2] - Wan Liangyu has held various significant positions within Dongfeng, including Chief Engineer at Dongfeng Automotive Company Technology Center and Vice General Manager at Mengshi Technology [2] - Following his appointment, Wan Liangyu engaged in discussions with Huawei's leadership, emphasizing the importance of collaboration in the fields of smart and electric vehicle integration [2][3] Group 2 - Mengshi Technology's partnership with Huawei began in 2024, with a strategic cooperation agreement signed in February, focusing on product development, technology innovation, and marketing [2] - The first collaborative vehicle, Mengshi M817, is set to be launched in 2025, marking a significant milestone in the partnership between Mengshi Technology and Huawei [2] - As the collaboration between Dongfeng and Huawei deepens, Mengshi Technology aims to explore new paths in product definition, marketing, and ecosystem services for smart vehicles [3]

Core Viewpoint - The meeting between Dongfeng Motor and Huawei marks a significant step in their strategic collaboration, focusing on deepening cooperation in product definition, intelligent technology, and marketing, while also innovating corporate governance and operational mechanisms [1][3]. Group 1: Strategic Collaboration - Dongfeng Motor and Huawei will work together in product definition, intelligent technology, and marketing, exploring new paths for state-owned enterprises' market-oriented operations [3]. - The partnership signifies a transition from "technology empowerment" to "system integration," with the successful launch of the Mengshi M817 as a cornerstone for setting competitive standards in the intelligent off-road vehicle segment [3][4]. - The collaboration reflects China's strategic determination to penetrate the global high-end automotive market, especially during the critical transition from "electrification" to "intelligentization" in the new energy vehicle sector [3]. Group 2: Product Success and Market Impact - The Mengshi M817, co-developed by Dongfeng and Huawei, achieved remarkable market success, with over 9,700 pre-orders within one hour and more than 3,700 firm orders within five hours of its launch, establishing itself as the top-selling hard-core off-road SUV priced above 300,000 yuan [3]. - This model's performance disrupts the traditional fuel off-road vehicle monopoly in the high-end market, showcasing the effectiveness of the collaboration [3]. Group 3: Future Directions - Dongfeng is committed to advancing its transition to new energy and intelligent technologies, with plans to deepen strategic collaboration with Huawei to address industry changes and market challenges [4]. - The partnership aims to create a "brand co-construction and ecological co-prosperity" model, focusing on smart driving and smart cockpit technologies while exploring market-oriented operational paths [4]. - The unique collaboration model between Dongfeng and Huawei combines the rugged brand identity of Mengshi with Huawei's advanced technology, achieving a synergistic market effect [4][5].

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 一、董事会会议召开情况 东风汽车股份有限公司（以下简称"公司"）第七届董事会第十七次会议于2025年9月23日以通讯表决的 方式召开，会议通知于2025年9月18日以电子邮件的方式送达全体董事。本次会议应当参加表决的董事9 名，实际参加表决的董事9名，会议的召集、召开和表决程序符合有关法律、法规和《公司章程》的规 定。 二、董事会会议审议情况 （一）关于公司襄阳工厂一厂区闲置设备资产处置的议案 该议案需要提交股东会审议。 表决票：9票，赞成票：9票，反对票：0票，弃权票：0票。 特此公告。 东风汽车股份有限公司董事会 2025年9月25日 表决票：9票，赞成票：9票，反对票：0票，弃权票：0票。 （二）关于调整公司2025年度投资计划的议案 同意在公司2025年度投资计划中增加V7明窗车型项目投资发包预算5,003万元，支付预算1,470万元；调 整后，公司2025年度投资发包预算100,119万元，2025年度投资支付预算39,711万元。 ...