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份內容 而產生或因倚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 總經理變更 總經理變更 廣州汽車集團股份有限公司（「本公司」，連同其附屬公司統稱「本集團」）於二零二五年十 一月十六日召開本公司第七屆董事會（「董事會」）第十三次會議，審議通過了《關於聘任公 司總經理的議案》，據此馮興亞先生（「馮先生」）因工作分工不再兼任本公司總經理職務。 馮先生仍繼續擔任本公司董事長及董事會戰略委員會主任委員職務。 馮先生確認其與董事會概無出現任何意見分歧，亦無任何其他有關其不再兼任總經理職 務的事宜需要本公司股東垂注。 董事會同時宣佈，經董事會會議審議通過，本公司副總經理閤先慶先生（「閤先生」）獲選 舉為新任總經理，自本公告日期起生效。 閤先生的簡歷如下： 閤先慶，51歲，大學本科，現任本公司總經理、執行委員會委員，兼任廣汽豐田汽車有 限公司董事長、廣汽傳祺汽車有限公司董事長、廣汽埃安新能源汽車股份 ...

承董事會命 廣州汽車集團股份有限公司 馮興亞 董事長 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. 廣州汽車集團股份有限公司 ( 於中華人民共和國註冊成立的股份有限公司 ) (股份編號: 2238) 海外監管公告 本公告乃廣州汽車集團股份有限公司（「本公司」）按香港聯合交易所有限公司證 券上市規則第 13.10B 條發出。 隨附之文件乃本公司於二零二五年十一月十六日在中華人民共和國上海證券交 易所網頁登載之《廣州汽車集團股份有限公司第七屆董事會第 13 次會議決議公 告》，僅供參閱。 中國廣州，二零二五年十一月十六日 於本公告日期，本公司的執行董事為馮興亞，本公司的非執行董事為陳小沐、鄧蕾、 周開荃、王亦偉及洪素麗，以及本公司的獨立非執行董事為趙福全、肖勝方、王克 勤及宋鐵波。 H 股代码：02238 H 股简称：广汽集团 A 股代码：601238 A 股简称：广汽集团 公告 ...

Group 1 - RuiPu LanJun completed H-share placement, raising approximately HKD 794 million for working capital and business development [6] - The placement involved the sale of 60 million shares at HKD 13.35 per share, representing about 6.86% of the issued H-shares before the placement [5] - The fifth generation of lithium iron phosphate batteries has begun mass production at CATL, achieving breakthroughs in energy density and cycle life [7] Group 2 - Haibo Shichuang signed a ten-year strategic cooperation agreement with CATL, committing to purchase a cumulative total of 200 GWh of electricity from 2026 to 2028 [8] - Pylon Technologies signed a contract for a 2 GWh energy storage battery project in Hefei, with a total investment of CNY 1 billion [9] - Guizhou Zhaoke Energy's lithium battery production project has been completed, with an annual capacity of 2 GWh [10] Group 3 - The first phase of the Times Chang'an capacity expansion project has been put into production in Yibin, increasing CATL's capacity from 180 GWh to 210 GWh [11] - Chuangneng New Energy has entered the automotive sector by acquiring the Weima factory, allowing it to bypass lengthy approval processes for production qualifications [12][13] - Shangtai Technology plans to invest in a 200,000-ton anode material project with an estimated total investment of approximately CNY 4.07 billion [15] Group 4 - Ganfeng Lithium's PPGS lithium salt lake project in Argentina has received a key environmental impact assessment report, marking significant progress [16] - A new silicon-carbon anode material project has been signed in Inner Mongolia, with a planned investment of CNY 5 billion [17] - GCL signed a contract for a 150,000-ton lithium battery cathode material project in Sichuan, expected to be operational by the end of 2025 [18] Group 5 - Haike New Source signed a strategic cooperation agreement with Kunlun New Materials for the supply of 596,200 tons of electrolyte solvents from 2026 to 2028 [20] - CATL invested in a silicon-carbon anode material company, increasing its stake in the industry [21] - Hunan Youneng reported a 64.86% increase in phosphate cathode material sales in the first three quarters, totaling 784,900 tons [22] Group 6 - Zhongding Intelligent has re-applied for listing on the Hong Kong Stock Exchange, with revenue projections showing steady growth from CNY 1.643 billion in 2022 to CNY 1.798 billion in 2024 [24] - Shenzhen Zhongji has initiated IPO counseling for listing on the Beijing Stock Exchange, focusing on lithium battery production automation [25] - Haimeixing has supplied various lithium battery process equipment to Zhongxin Innovation, strengthening their long-term partnership [26] Group 7 - A 400,000-ton battery recycling project has been approved in Anhui, aimed at reusing waste batteries [28] - A new recovery technology developed in South Korea can recover over 95% of nickel and cobalt from used batteries, significantly improving efficiency and environmental impact [29] - Yiwei Lithium Energy's chairman discussed the core challenges in battery technology, emphasizing lifecycle value and performance in extreme cold [30] Group 8 - GAC and CATL signed a comprehensive strategic cooperation agreement to enhance collaboration in the new energy sector [32] - Li Bin has stepped down as chairman of NIO Battery Technology, a move coinciding with the company's push for profitability [33] - XPeng Motors' market capitalization surpassed Geely's, driven by strong performance in AI and robotics product launches [34]

Group 1 - GAC Group held its 13th board meeting of the 7th session on November 16, 2025, via telecommunication to discuss the appointment of a new general manager [1] - For the first half of 2025, GAC Group's revenue composition was as follows: vehicle manufacturing accounted for 57.85%, trade services for 30.82%, other sectors for 6.39%, and parts manufacturing for 4.94% [1] - As of the report date, GAC Group's market capitalization stood at 79 billion yuan [1] Group 2 - SoftBank's stock experienced a sudden drop, with founder Masayoshi Son liquidating his holdings in NVIDIA, realizing an 8 billion USD profit, and making a significant bet on OpenAI [1]

A 股代码：601238 A 股简称：广汽集团 公告编号：2025-073 H 股代码：02238 H 股简称：广汽集团 广州汽车集团股份有限公司 第七届董事会第 13 次会议决议公告 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。 广州汽车集团股份有限公司（简称"本公司"或"公司"）第七届董事会第 13 次会议于 2025 年 11 月 16 日(星期日)以通讯方式召开。本次会议应参与表决 董事 10 人，实际参与表决董事 10 人。本次会议的召集、召开符合《中华人民共 和国公司法》《广州汽车集团股份有限公司章程》《广州汽车集团股份有限公司董 事会议事规则》的相关规定，所做决议合法有效。经与会董事投票表决，审议通 过了如下事项： 一、审议通过了《关于聘任公司总经理的议案》。 冯兴亚先生不再兼任公司总经理，仍担任公司董事长及董事会战略委员会主 任委员。 公司董事会同意聘任閤先庆先生为公司总经理，任期与本届董事会一致。 閤先庆先生不存在《公司法》等法律法规及其他有关规定不得担任高级管理 人员的情形，未受过中国证监会及其他有关部门 ...

Investment Rating - The report maintains a positive investment outlook for the automotive and automotive parts industry, particularly focusing on companies involved in intelligent driving and electric vehicles [3][4]. Core Insights - The automotive sector has shown weaker performance compared to the market, with a decline of 1.7% in the A-share automotive sector from November 10 to November 16, 2025, ranking 27th among sub-industries [29]. - Key companies to watch include Geely, Xpeng Motors, BYD, Xiaomi Group, Li Auto, Berteli, Top Group, New Spring, Hu Guang, and Chunfeng Power, as they are expected to benefit from the ongoing transformation in the automotive industry [9][10]. - The report highlights the importance of Tesla's production progress and technological iterations as a core theme, alongside the upcoming IPOs of domestic robot manufacturers like Yushu Technology, which could serve as strong catalysts for the industry [10][16]. Summary by Sections 1. Weekly Insights - Yushu Technology has completed its IPO guidance and plans to submit its IPO application between October and December 2025, with a post-investment valuation exceeding 12 billion yuan [10]. - The report emphasizes the significance of Tesla's advancements and the upcoming IPOs of domestic robot manufacturers as key drivers for the market [10][16]. 1.1 Passenger Vehicles - The report recommends focusing on high-quality domestic brands that are accelerating in intelligence and globalization, specifically naming Geely, Xpeng, BYD, Xiaomi, Li Auto, and Seres [13]. 1.2 Intelligent Electric Vehicles - The report anticipates long-term growth acceleration in the intelligent electric vehicle sector, highlighting the importance of intelligent driving technologies and the increasing market share of domestic brands [14][15]. 1.3 Robotics - The report notes that leading companies are accelerating their entry into the robotics sector, marking the beginning of a new era in embodied intelligence, with significant developments expected in 2026 [15][17]. 1.4 Liquid Cooling - The report discusses the rising demand for liquid cooling solutions driven by AI technology, predicting a compound annual growth rate of 27.6% from 2024 to 2030, with the market expected to reach 21.3 billion USD by 2030 [20][21]. 1.5 Motorcycles - The report highlights the rapid expansion of the large-displacement motorcycle market, with sales showing significant year-on-year growth, particularly in the 500cc to 800cc segment [22][24]. 1.6 Heavy Trucks - The report indicates that the expansion of the old-for-new subsidy policy will stimulate demand for heavy trucks, with a notable increase in sales observed in October 2025 [24][25]. 1.7 Tires - The report emphasizes the ongoing globalization of the tire industry, recommending leading companies that are well-positioned for growth and have strong manufacturing capabilities [26][27].

Core Viewpoint - GAC Group's subsidiary, GAC Energy Technology Co., Ltd., has signed a deepening cooperation agreement with Alipay to explore new business models in the "vehicle + energy + internet" space [1] Group 1: Partnership Details - The signing ceremony took place on November 14 at GAC Group's headquarters [1] - The collaboration will focus on several key areas including "charging+" services, energy operation, AI applications, and innovative business [1]

A 股代码：601238 A 股简称：广汽集团 公告编号：2025-072 H 股代码：02238 H 股简称：广汽集团 广州汽车集团股份有限公司 公司将按照有关法律法规和《接受注册通知书》要求，并结合公司实际情况， 在注册额度及有效期内择机发行中期票据，并及时履行信息披露义务。 特此公告。 广州汽车集团股份有限公司董事会 2025 年 11 月 14 日 关于中期票据获注册的公告 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。 广州汽车集团股份有限公司（简称"本公司"或"公司"）分别于 2025 年 9 月 12 日及 2025 年 9 月 30 日召开第七届董事会第 10 次会议和 2025 年第三次临 时股东大会，审议通过了《关于公司发行中期票据方案的议案》，同意公司向中 国银行间市场交易商协会申请发行不超过人民币 150 亿元（含）的中期票据。详 细信息可查阅公司于 2025 年 9 月 12 日及 2025 年 9 月 30 日披露的相关公告。 近日，公司收到交易商协会出具的《接受注册通知书》（中市注协 [2025] ...

Group 1 - The core point of the article is that Huawei and GAC Group are launching a new automotive brand called "Qijing," which will be officially unveiled at the Huawei QianKun Ecological Conference on November 20 [1][5]. - "Qijing" is the first project under Huawei's QianKun "Jing" series, indicating that more automotive brands under this series will be developed in collaboration with other car manufacturers in the future [3][5]. - The new brand "Qijing" will focus on the high-end smart electric vehicle market, specifically targeting vehicles priced above 300,000 yuan, with GAC responsible for manufacturing and Huawei providing comprehensive smart solutions [4][6]. Group 2 - The first model under the "Qijing" brand is expected to be launched in mid-2026, emphasizing a stylish, technological, and sporty design [4]. - Huawei's automotive collaboration has primarily involved three models: component supply, HarmonyOS intelligent driving, and the "Hi" model, with recent discussions indicating a potential exploration of new collaboration models [6]. - Huawei QianKun, launched on April 24, 2024, focuses on smart driving solutions and has established partnerships with eight major state-owned automotive companies, as well as other brands like BYD and Audi [6].

Group 1 - GAC Group has signed a full-stack AI strategic cooperation agreement with Alibaba Cloud [1] - Changan Automobile plans to mass-produce humanoid automotive robots by 2028 [2] - Rockchip's RK3588 chip has been widely applied in various forms of robots [3] Group 2 - Kabeiyi has reached a strategic cooperation with Matrix Superintelligence to jointly promote the development of humanoid robot business [4] - Liujin Technology is strategically divesting non-core assets to focus on "AI + audiovisual" industry upgrades [5]