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 而產生或因依賴該等內容而引致的任何損失承擔任何責任。 GUANGZHOU AUTOMOBILE GROUP CO., LTD. 2238 二零二六年第一次臨時股東會記錄日期 廣州汽車集團股份有限公司（「本公司」）計劃於二零二六年一月二十三日（星期五）召開及 舉行二零二六年第一次臨時股東會（「臨時股東會」）。 為確定符合資格出席臨時股東會並於會上投票之本公司普通股股本中每股面值人民幣1.00 元之海外上市外資股（「H股」）的持有人的記錄日期為香港時間二零二六年一月十九日（星 期一）。為符合資格出席臨時股東會並於會上投票，H股持有人最遲須於香港時間二零二 六年一月十九日（星期一）下午四時三十分或之前將所有已填妥有關股份過戶文件連同有 關股票送達本公司H股股份過戶登記處卓佳證券登記有限公司，地址為香港夏愨道16號遠 東金融中心17樓。 有關臨時股東會的詳情（包括會議日期及地點在內）將載於本公司適時發出之通函及相關 會議通告。 承董事會命 廣州汽車集團股份有限公司 ...

Market Overview - The passenger car sector experienced a slight decline of 0.02% on January 5, with Haima Automobile leading the drop [1] - The Shanghai Composite Index closed at 4023.42, up by 1.38%, while the Shenzhen Component Index closed at 13828.63, up by 2.24% [1] Individual Stock Performance - BYD (002594) closed at 98.11, with a gain of 0.40% and a trading volume of 382,600 shares, amounting to 3.763 billion yuan [1] - GAC Group (601238) closed at 8.19, up by 0.37%, with a trading volume of 310,600 shares, totaling 253 million yuan [1] - Seres (601127) closed at 121.31, increasing by 0.29%, with a trading volume of 166,100 shares, amounting to 2.010 billion yuan [1] - SAIC Motor (600104) closed at 15.26, up by 0.26%, with a trading volume of 515,800 shares, totaling 785 million yuan [1] - BAIC Blue Valley (600733) closed at 8.05, increasing by 0.25%, with a trading volume of 1.1533 million shares, amounting to 929 million yuan [1] - Changan Automobile (000625) closed at 11.83, down by 0.25%, with a trading volume of 672,200 shares, totaling 793 million yuan [1] - Great Wall Motors (601633) closed at 22.30, down by 1.46%, with a trading volume of 231,200 shares, totaling 514 million yuan [1] - Haima Automobile (000572) closed at 7.73, down by 5.27%, with a trading volume of 1.674 million shares, amounting to 1.304 billion yuan [1] Fund Flow Analysis - The passenger car sector saw a net outflow of 524 million yuan from institutional investors, while retail investors contributed a net inflow of 425 million yuan [1] - Notable fund flows for individual stocks include: - SAIC Motor: Institutional net inflow of 14.6084 million yuan, retail net outflow of 29.7881 million yuan [1] - GAC Group: Institutional net inflow of 5.9313 million yuan, retail net inflow of 503.72 million yuan [1] - Great Wall Motors: Institutional net inflow of 1.8031 million yuan, retail net outflow of 2.81908 million yuan [1] - BAIC Blue Valley: Institutional net outflow of 41.4566 million yuan, retail net inflow of 178.232 million yuan [1] - Changan Automobile: Institutional net outflow of 76.5608 million yuan, retail net inflow of 566.669 million yuan [1] - Seres: Institutional net outflow of 86.9124 million yuan, retail net inflow of 78.6812 million yuan [1] - BYD: Institutional net outflow of 131 million yuan, retail net inflow of 87.1496 million yuan [1] - Haima Automobile: Institutional net outflow of 211 million yuan, retail net inflow of 238 million yuan [1]

智通财经记者 | 贾璐 智通财经编辑 | 崔宇 【编者按】为了更全面、更及时、更精确地反映电动载人汽车出口状况，2025年3月起，智通财经/界面 智库和瀚闻资讯联合推出《中国电动载人汽车出海月报》。《中国电动载人汽车出海月报》旨在呈现全 国及各省电动载人汽车出口金额、出口数量和出口目的地等指标的月度变化趋势，以期为政府、企业和 投资者等提供决策参考。我们将于每月27日左右发布相关月报。 根据界面智库与瀚闻资讯统计，2025年11月，中国电动载人汽车贸易增长动能全面爆发，结构性分化态 势进一步凸显。进口方面延续收缩态势，出口方面则展现出强劲的加速势头，11月当月出口金额达 70.76亿美元，同比大幅增长139.83%，环比微降0.11%；出口数量达39.94万辆，同比激增144.93%，环 比增长6.52%。1-11月累计出口量已达337.31万辆，同比增长63.59%，增速较1-10月显著扩大6.99个百分 点，全球市场拓展进入高速增长通道。 从细分市场看，11月电动载人汽车出口分化路径更为清晰。乘用车领域呈现"量价齐升"的强劲增长格 局，在整体出口中占据绝对主导，出口量39.83万辆，占比高达99.73%， ...

1月5日消息，广汽集团（601238）与华为联合打造的全新品牌"启境"首款猎装轿跑近期频繁被目击于公 共道路，引发广泛关注。作为华为乾崑"第一境"，启境是华为乾崑唯一技术、团队、流程、理念四大资 源毫无保留投入的品牌，代表了华为乾崑在智能汽车领域的最高战略意图。 综合汽车社区、路测追踪平台及行业信源信息，该车型的路测活动已扩展至全国20余座城市，测试密度 和地理跨度均处于行业前列。尽管外观仍处保密状态，但其猎装轿跑形态，融合轿跑流线美学与掀背式 尾门实用性，已通过车身轮廓显露无遗。 测试内容不仅包括传统机械性能，如转向精准度、悬架滤震表现，更深入考察智能座舱语音识别准确 率、多屏联动流畅度、自动泊车成功率等用户体验细节。此外，有消息表示，该款车型在不同网络环境 下的V2X通信稳定性也成为验证重点之一。 此次广泛路测也被视为市场预热的重要环节，在消费者对智能化、设计感与实用性的综合要求日益提升 的当下，启境通过实车高频曝光，逐步建立产品认知与品牌期待。随着工程验证进入尾声，这款集美 学、科技与性能于一体的猎装轿跑，将在今年6月份正式揭开面纱，冲击细分市场格局。 ...

格隆汇1月5日｜据日经新闻，本田计划于1月19日恢复与广州汽车合资的三家工厂的生产。 ...

Core Viewpoint - Huawei's Executive Director, Yu Chengdong, announced collaboration with GAC Group to build the HarmonyOS ecosystem and enhance smart vehicle experiences [1][3] Group 1: Collaboration and Partnerships - Huawei and GAC Group are cooperating in areas such as enterprise intelligence, electric vehicles, and connected smart technologies [1][3] - Models like GAC A800, GAC Trumpchi M8, and M9 are equipped with Huawei's advanced driving and HarmonyOS smart cockpit, providing industry-leading intelligent experiences [1][3] Group 2: Future Plans - Huawei aims to continuously improve and open up the HarmonyOS system and smart cockpit experiences, allowing various automotive partners to find suitable collaboration methods [1][3] - The goal is to collectively advance the Chinese automotive industry [1][3]

Core Insights - Huawei's Executive Director and Chairman of the Terminal BG, Yu Chengdong, visited GAC Group to discuss building the HarmonyOS ecosystem and toured GAC's exhibition hall [1] - Huawei and GAC have established cooperation in enterprise intelligence and smart vehicles, with some GAC models already equipped with Huawei's advanced driving and intelligent cockpit technologies [1] - Huawei aims to enhance its technical capabilities in systems, intelligent cockpits, and smart technologies, and is open to collaborating with car manufacturers at different development stages and technological routes to promote the automotive industry's shift towards intelligence and connectivity [1]

Market Performance - The New Energy Vehicle (NEV) index rose by 0.52% from December 29 to December 31, outperforming the CSI 300 index by 1.11% [1] - The best-performing sector within the automotive-related stocks was the Electric Motor III index, which increased by 4.21% [1] - Among battery-related sectors, the battery swapping concept index had a weekly increase of 0.28% [1] Company Stock Prices - Jianghuai Automobile closed at 49.5 CNY [4] - Seres closed at 120.96 CNY [4] - BYD closed at 97.72 CNY [4] - Great Wall Motors closed at 22.63 CNY [4] - Other notable companies include Changan Automobile at 11.86 CNY and BAIC Blue Valley at 8.03 CNY [4] Industry Data - In December 2025, Leap Motor delivered 60,423 vehicles, a month-on-month decrease of 14.08% but a year-on-year increase of 42.11% [37] - NIO delivered 48,135 vehicles, with a month-on-month increase of 32.69% and a year-on-year increase of 54.59% [37] - Li Auto delivered 44,246 vehicles, showing a month-on-month increase of 33.35% but a year-on-year decrease of 24.38% [37] - Other brands' performance included Aion with 40,066 vehicles and Xpeng with 37,508 vehicles [37] Material Prices - As of December 31, 2025, the average price of battery-grade lithium hydroxide was 114,700 CNY/ton, up by 7,100 CNY/ton from December 26 [13] - Battery-grade cobalt sulfate averaged 93,000 CNY/ton, increasing by 500 CNY/ton [15] - The price of battery-grade nickel sulfate was 27,050 CNY/ton, up by 150 CNY/ton [17] - Lithium iron phosphate remained stable at 45,100 CNY/ton [19] - The price of ternary precursor 811 was 111,500 CNY/ton, up by 1,000 CNY/ton [22] - The price of ternary materials 811 was 173,500 CNY/ton, increasing by 2,000 CNY/ton [25] - The price of dry separator film was stable at 0.42 CNY/sqm, while wet separator film increased by 0.03 CNY/sqm [28] - The price of lithium hexafluorophosphate remained at 180,000 CNY/ton [31]

Group 1: Automotive Exports and Imports - In November 2025, China's automotive exports reached 818,000 units, a year-on-year increase of 49.2%, with an export value of $13.87 billion, reflecting a year-on-year growth of 53% [1] - In November 2025, automotive imports totaled 43,000 units, a year-on-year decrease of 29.1%, with an import value of $1.92 billion, down 41.1% year-on-year [1] Group 2: Company Sales Performance - SAIC Motor Corporation reported total vehicle sales of 4.507 million units in 2025, marking a year-on-year increase of 12.3%, with 1.643 million units being new energy vehicles, up 33.1% year-on-year [1] - BAIC Blue Valley's subsidiary, Beijing Electric Vehicle Co., Ltd., achieved a cumulative vehicle sales increase of 84.06% in 2025, with December sales reaching 35,205 units, a year-on-year increase of 114.56% [3] - Wuling Hongguang MINIEV sold 435,598 units in 2025, maintaining its position as the top seller in the A00 electric vehicle segment for 65 consecutive months [4] Group 3: Corporate Developments - GAC Honda completed the acquisition of Dongfeng Honda Engine Company, which is now wholly owned by GAC Honda, with a registered capital increase from approximately $12 million to about 970 million RMB [5] - CATL announced a share buyback of 15.99 million A-shares, utilizing a total of 4.386 billion RMB, with the buyback price ranging from 231.5 RMB to 317.63 RMB per share [6] - EVE Energy responded to the expiration of its Hong Kong IPO prospectus, stating that it will promptly re-submit the application without significant impact on the overall IPO process [7]

Core Insights - GAC Group achieved significant growth in its overseas business, exporting over 130,000 vehicles in 2025, representing a 45% year-on-year increase [1][2] - The company has established itself among the top eight Chinese self-owned brands in terms of export volume, with nearly a threefold increase in sales over the past two years [1] Group 1: Sales Performance - In 2023, GAC's overseas sales reached 45,000 units, followed by 90,000 units in 2024, culminating in over 130,000 units in 2025 [1] - The growth trajectory reflects a robust sales performance, with a 45% increase in 2025 compared to the previous year [1] Group 2: Strategic Initiatives - GAC's "One GAC 2.0" strategy focuses on a unified vision and localized actions to enhance market presence and accelerate internationalization [2] - The company has launched multiple localized initiatives, including actions in Thailand, Brazil, and Australia, to integrate and serve local markets effectively [2] Group 3: Market Expansion - In 2025, GAC introduced five new models and expanded into 16 new markets, including Brazil, Poland, Portugal, Australia, and Argentina, increasing its global coverage to 86 countries and regions [2] - The global channel network grew by 281 new outlets, bringing the total to 630, with ongoing production of KD models in Indonesia and Malaysia [2] Group 4: Future Goals - GAC aims to achieve an export target of 250,000 vehicles in 2026, marking a critical phase for the company's overseas business growth [2] - This target is part of GAC's strategy to establish itself as a leader in the globalization of Chinese automotive brands [2]