Group 1 - The company plans to invest 500 million RMB in the Beijing Anpeng Science and Technology Automotive Industry Investment Fund, becoming a limited partner in the fund [3][4][14] - The fund aims to strengthen the company's supply chain stability and cost control, while also investing in cutting-edge technologies to reduce innovation risks [1][14] - The investment does not exceed 5% of the company's latest audited net assets, thus does not require shareholder approval [2][3] Group 2 - The fund was established on April 29, 2025, with a total committed capital of 2.4 billion RMB, and will focus on equity investments in clean energy, intelligent networking, high-end equipment manufacturing, and new materials [6][14] - The fund's management is handled by Shenzhen Anpeng Equity Investment Fund Management Co., Ltd., which is a wholly-owned subsidiary of Beijing Automotive Group Investment Co., Ltd. [11][12] - The fund has a lifespan of 15 years, with an investment period of 3 years and an exit period of 9 years [6][10] Group 3 - The board of directors unanimously approved the investment proposal, with all independent directors agreeing that the transaction is fair and will not harm the interests of the company or its shareholders [4][5] - The company has not engaged in similar transactions with the same related party in the past 12 months, ensuring compliance with regulatory requirements [2][3] - The investment is expected to enhance the company's competitive strength and overall profitability by leveraging professional investment management capabilities [14]

证券代码：600166 证券简称：福田汽车 编号：临 2025—051 北汽福田汽车股份有限公司 关于参与认购基金份额暨关联交易的公告 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。 重要内容提示： 一、对外投资暨关联交易概述 2025 年 4 月，北京汽车集团有限公司（以下简称"北汽集团"）、北京汽车集团产 业投资有限公司（以下简称"北汽产投"）、深圳市安鹏股权投资基金管理有限公司（以 下简称"深圳安鹏"）共同出资设立北京安鹏科创汽车产业投资基金合伙企业（有限合伙）， 其中深圳安鹏作为普通合伙人认缴出资 10 万元，北汽集团作为有限合伙人认缴出资 1 投资标的名称：北京安鹏科创汽车产业投资基金（有限合伙）（以下简称"合伙企业" 或"基金"） 拟投资金额：北汽福田汽车股份有限公司（以下简称"公司"或"福田汽车"）拟以 自有资金 50,000 万元人民币认购合伙企业的份额，成为合伙企业的有限合伙人。 合伙企业为公司关联方，本次公司认购基金份额事项构成关联交易，但不构成《上市 公司重大资产重组管理办法》规定的重大资产重组。 本次关联 ...

证券代码：600166 证券简称：福田汽车 编号：临 2025—050 北汽福田汽车股份有限公司 监事会决议公告 本公司监事会及全体监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。 2025 年 6 月 14 日，公司以电子邮件和专人送达的方式，向全体监事发出了《关于召开 通讯监事会的通知》及《关于参与认购基金份额暨关联交易的议案》。本次会议以通讯表决的 方式召开，应出席监事 9 名，实际出席监事 9 名。会议的召集召开符合《公司法》和《公司 章程》的规定。 二、监事会会议审议情况 依据《上海证券交易所股票上市规则》有关规定，关联监事焦枫回避表决。截至 2025 年 7 月 8 日，共收到有效表决票 8 张。监事会以 8 票同意,0 票反对，0 票弃权，审议通过了《关 于参与认购基金份额暨关联交易的议案》。 决议如下： （一）同意北汽福田汽车股份有限公司认购北京安鹏科创汽车产业投资基金合伙企业（有 限合伙）份额，认购金额5亿元。资金来源为自有资金。 （二）授权经理部门办理相关具体事宜。 公司监事会认为：本次关联交易遵循了公正、公允、公平原则，交易 ...

一、董事会会议召开情况 2025 年 6 月 14 日，公司以电子邮件和专人送达的方式，向全体董事发出了《关于召 开通讯董事会的通知》及《关于参与认购基金份额暨关联交易的议案》。2025 年 6 月 26 日，公司以电子邮件和专人送达的方式，向全体董事发出了《关于召开通讯董事会的通 知》及《关于调整董事会提名委员会委员的议案》。本次会议以通讯表决的方式召开，应 出席董事 11 名，实际出席董事 11 名。会议的召集召开符合《公司法》和《公司章程》 的规定。 二、董事会会议审议情况 （一）《关于参与认购基金份额暨关联交易的议案》 公司独立董事召开了专门会议，全体独立董事一致同意将该议案提交董事会审议， 并发表了同意该议案的审核意见。 公司董事会审计/内控委员会召开了会议，全体委员一致同意将该议案提交董事会审 议，并发表了同意该议案的审核意见。 证券代码：600166 证券简称：福田汽车 编号：临 2025—049 北汽福田汽车股份有限公司 董事会决议公告 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。 依据《上海证券交易所股票上 ...

Investment Rating - The report assigns a "Buy" rating to several companies, including Changan Automobile, Asia-Pacific Holdings, and Haon Electric, while maintaining an "Overweight" rating for the overall automotive industry [1][4]. Core Insights - The automotive sector experienced a slight increase of 0.1% from June 30 to July 4, 2025, underperforming the CSI 300 index by 1.44 percentage points. The passenger vehicle segment rose by 0.43%, while commercial vehicles increased by 1.49% [9][36]. - Heavy-duty truck sales in June 2025 exceeded expectations, with a year-on-year increase of 32% and a month-on-month increase of 6%. Approximately 94,000 units were sold, with major manufacturers like China National Heavy Duty Truck and Dongfeng showing significant growth [2][36]. - The report highlights the launch of the Xiaopeng G7, the first AI car with L3-level computing power, priced between 195,800 and 225,800 yuan, showcasing advanced technology features [5][36]. Summary by Sections Market Review - The automotive sector's performance from June 30 to July 4, 2025, showed a 0.1% increase, with various segments performing differently against the CSI 300 index [9][36]. - The overall PE-TTM for the automotive industry was 25.95, reflecting a slight increase from the previous week [10][36]. Major Company and Industry Events - Heavy-duty truck sales in June reached approximately 94,000 units, with significant contributions from major manufacturers [2][36]. - Xiaopeng G7 was officially launched, marking a significant advancement in AI automotive technology [5][36]. New Vehicle Launches - A total of 33 new models were launched during the week, including the Xiaopeng G7 and various updated versions of existing models [34][36]. Investment Recommendations - The report suggests a cautious approach to investment in the automotive sector, given the mixed performance of different segments and the overall market conditions [36].

Core Viewpoint - Foton Motor's sales data for June 2025 shows a positive growth trend in various vehicle categories, particularly in medium and heavy trucks and new energy vehicles, indicating a strong market performance and potential investment opportunities in the automotive sector [1][4]. Group 1: Sales Performance - In June 2025, Foton Motor sold a total of 52,824 vehicles, representing a year-on-year increase of 5.57% [1]. - For the first half of 2025, total vehicle sales reached 327,459 units, marking a 9.08% increase compared to the same period last year [1]. - The sales of medium and heavy trucks (including Foton Daimler) surged to 11,816 units in June, reflecting a significant year-on-year growth of 64.50% [2]. - Light truck sales slightly decreased by 3.23% to 36,376 units in June [2]. - The sales of new energy vehicles reached 8,290 units in June, showing a remarkable year-on-year growth of 90.84% [2]. Group 2: Cumulative Sales Data - For the first half of 2025, medium and heavy truck sales totaled 72,246 units, a substantial increase of 33.42% year-on-year [4]. - Light truck sales for the same period reached 229,499 units, with a growth of 6.52% [4]. - However, large bus sales fell by 35.65% to 1,352 units, while medium bus sales increased by 2.67% to 962 units [4]. - Light bus sales decreased by 24.64% to 19,616 units in the first half of 2025 [4]. - Cumulatively, new energy vehicle sales reached 50,142 units, reflecting a significant year-on-year increase of 150.96% [4]. Group 3: Engine Products - In June 2025, Foton Motor sold 20,638 engine products (including Foton Kang), which is a year-on-year increase of 2.15% [6]. - For the first half of 2025, engine product sales totaled 133,845 units, showing a slight decline of 0.38% compared to the previous year [6].

Core Viewpoint - The commercial vehicle industry has experienced significant personnel changes in June, with major companies like Sinotruk, Foton, JAC, and King Long undergoing leadership adjustments [1][25]. Group 1: Sinotruk - On June 27, Sinotruk (Hong Kong) announced multiple high-level personnel changes and board committee restructuring [2]. - Wang Zhijian resigned as chairman and executive director, while Liu Zhengtai was appointed as the new chairman and executive committee chairman [4]. - The company established an ESG committee, with Liu Wei as chairman and other members appointed [5][6]. Group 2: Sinotruk Jinan Truck - On June 7, Sinotruk Jinan Truck Co., Ltd. announced the appointment of Zhao Hai as the new general manager and Zhang Xin as the board secretary [8]. - The previous CEO Zhao Erxiang resigned but will continue to serve as a director [8]. Group 3: Foton - On June 23, Foton Motor Co., Ltd. announced the departure of Gong Haidong from his position as vice president and employee representative director [13]. - Liu Xuguang and Sun Jing were appointed as new vice presidents, while Li Qinghua was elected as the employee representative director [13]. Group 4: JAC - In late June, JAC Motors announced the resignation of Wang Bing as the chairman of the supervisory board due to retirement [18][19]. Group 5: King Long - On June 6, King Long Automobile Group Co., Ltd. reported the resignation of director Chen Jianye, with no specific reason provided [20][21].

从国内市场的到海外市场，中国重汽、一汽解放、东风商用车、福田汽车、远程新能源商用车 和徐工汽车等众多企业的批量订单签约和交车不断，新能源重卡市场依然持续火热，为行业发 展注入新动能。 一汽解放：大单不断 多领域发力 6月1日，在招商局港口（华南）营运中心蛇口集装箱码头，"共筑绿色港口 领航蓝湾新程—— 一汽解放&招商港口185辆新能源港口牵引车交付仪式" 举行。 6月5日，在中国绿城、东盟开放前沿的南宁，一场擘画绿色未来的行业盛典——一汽解放青 岛新能源大客户交车仪式暨百辆新单签约圆满举行。一汽解放青岛新能源成功交车50辆并签 约10辆，交付广西磐驰供应链有限公司的50辆解放JH6新能源车，是解放深耕场景化定制、 破解用户"购车贵、运营难"痛点的典范成果。 6月中旬，212辆解放卡车跨越重洋，奔赴几内亚，为当地运输行业注入全新活力。 中国重汽：国内、海外市场双丰收 6月的重卡市场，热潮涌动，各大企业纷纷交出亮眼成绩单。 6月初，中国重汽200辆战略签约暨豪沃MAX燃气牵引车批量交车仪式圆满落幕，为双方合作 与行业发展添上浓墨重彩的一笔。豪沃MAX燃气牵引车是集品牌优势与前沿科技于一身的结 晶。此次重汽与这位大 ...

Group 1 - The core viewpoint of the news is that Beiqi Foton Motor Co., Ltd. has obtained a patent for a vehicle exhaust treatment system, which aims to enhance the stability of the exhaust treatment system by preventing the water storage device from freezing through the use of a heat transfer device [1] Group 2 - Beiqi Foton Motor Co., Ltd. was established in 1996 and is located in Beijing, primarily engaged in the automotive manufacturing industry [2] - The company has a registered capital of 791,740.0367 million RMB [2] - Beiqi Foton has invested in 64 companies and participated in 5,000 bidding projects, with 1,610 trademark records and 5,000 patent records [2]

Core Viewpoint - The new energy heavy truck market in China has experienced rapid growth since 2025, with significant increases in sales, particularly for new energy tractors, which have outpaced overall market growth [1][2][4]. Sales Performance - In June 2025, 12,000 new energy tractors were added, marking a year-on-year increase of 306% and a month-on-month increase of 21% [4][5]. - The sales figures for June indicate that the new energy tractor market continues to thrive, with a monthly sales increase of over 2,000 units compared to May [5][6]. - A total of 30 provincial-level administrative regions reported new energy tractor sales in June, with Shanghai leading at nearly 3,000 units [5][7]. Cumulative Sales Data - By the end of June 2025, cumulative sales of new energy tractors exceeded 51,800 units, reflecting a year-on-year increase of 276% [15][16]. - Among manufacturers, Jiefang, SANY, and XCMG have each sold over 7,500 units, leading the market [15][16]. Market Share and Competition - The top five companies in the new energy tractor market, including Jiefang, SANY, and XCMG, hold market shares exceeding 10%, with Jiefang at 16.52% [21][19]. - The competitive landscape is intense, with frequent changes in rankings among manufacturers, indicating a dynamic market environment [23]. Monthly Sales Rankings - In June, Jiefang led the sales with 2,127 units, followed by SANY and XCMG with 1,886 and 1,657 units, respectively [10][11]. - Nine out of the top ten manufacturers achieved year-on-year sales growth, with several companies experiencing significant increases [13][19]. Future Outlook - The growth trend in the new energy tractor market is expected to continue, with anticipation for further increases in July [23].