Core Viewpoint - The joint statement from Li Auto, China Automotive Engineering Research Institute, and Dongfeng Liuzhou Automobile aims to clarify the recent controversy surrounding the crash test of the Li Auto i8, emphasizing the importance of transparency and brand image protection in the automotive industry [2][3][4]. Group 1: Li Auto's Position - The purpose of the crash test was to verify and enhance the passive safety performance of the Li Auto i8, not to target the safety and quality of other brands [3]. - Li Auto expressed sincere apologies for the unintended negative impact on Dongfeng Liuzhou's brand image due to the test, acknowledging the insufficient risk assessment regarding the potential brand association [3]. Group 2: China Automotive Engineering Research Institute's Role - As the executing agency for the test, China Automotive Engineering Research Institute admitted to failing to clearly communicate that the Dongfeng Liuzhou vehicle was used as a "mobile barrier" and not as an evaluation of its safety and quality [4]. - The institute committed to improving its testing management mechanisms and maintaining scientific, objective, and neutral principles to uphold industry credibility [4]. Group 3: Dongfeng Liuzhou Automobile's Commitment - Dongfeng Liuzhou emphasized its commitment to high quality and reliable products, focusing on continuous innovation and core technology enhancement to create value for customers [5]. - The company pledged to resist unfair competition and adhere to legal and compliant business practices, contributing to the transformation of China from a major automotive country to a strong automotive nation [5]. Group 4: Joint Industry Initiative - The three parties called for strict self-discipline within the automotive industry, urging adherence to integrity and commercial ethics in product development, testing, and promotion [6]. - They advocated for a focus on core technology innovation and vehicle safety performance improvement to enhance the overall image and competitiveness of the Chinese automotive industry [6].

Core Viewpoint - The joint statement by Li Auto, China Automotive Research, and Dongfeng Liuzhou Motor emphasizes the importance of self-discipline and ethical competition in the automotive industry, urging all parties to focus on safety, technological innovation, and integrity to enhance the overall image and competitiveness of the Chinese automotive sector [1][9][10] Group 1: Joint Initiative - The three parties call for strict self-discipline in product development, testing, and promotion, adhering to principles of honesty and business ethics, and eliminating any form of unfair competition such as disparaging comparisons [1][9] - They advocate for a focus on core technological innovation and the essence of products, urging the industry to concentrate resources on improving vehicle safety, technological breakthroughs, and optimizing user experiences [1][9][10] Group 2: Apologies and Accountability - Li Auto acknowledges the unintended negative publicity surrounding Dongfeng Liuzhou Motor due to the testing process and expresses sincere apologies for any damage to the brand's image [4] - China Automotive Research admits to failing to clearly communicate the purpose of the test and the nature of the vehicles involved, leading to public misunderstandings, and commits to improving its testing management mechanisms [6] Group 3: Commitment to Quality and Integrity - Dongfeng Liuzhou Motor emphasizes its commitment to high quality and reliable products, focusing on continuous innovation and providing better transportation solutions [7][8] - The company asserts its dedication to resisting unfair competition and adhering to legal and compliant business practices, contributing to the transition of China from a major automotive country to a strong automotive nation [8]

Macro Dynamics - The Central Committee and State Council issued regulations to combat formalism and bureaucratism, emphasizing the need to reduce burdens on grassroots levels to enhance implementation of policies [2] Industry Developments - Shanghai aims to achieve breakthroughs in core algorithms and technologies related to embodied intelligence, targeting at least 20 breakthroughs by 2027, along with the establishment of incubators and a core industry scale exceeding 50 billion yuan [4] - The Ministry of Commerce extended the investigation period for safeguard measures on imported beef until November 26, 2025, due to the complexity of the case [5] - The State Grid reported a historical peak in electricity load, reaching 1.233 billion kilowatts, an increase of 53 million kilowatts compared to the previous record [6] - South Korea will implement a temporary visa waiver policy for Chinese group tourists starting September 29 [7] Financial Institutions - Financial institutions reported various earnings, with Shanghai Pudong Development Bank posting a net profit of 29.737 billion yuan for the first half of 2025, a year-on-year increase of 10.19% [11] - Huaxia Fund achieved a net profit of 1.123 billion yuan in the first half of 2025, with total managed assets reaching approximately 2.851 trillion yuan [12] - Jilin Financial Holding Group increased its registered capital from approximately 17.27 billion yuan to about 51.87 billion yuan, marking a 200% increase [13] Market Data - The Shanghai Composite Index rose by 0.45%, with nearly 100 stocks increasing by over 9% [14] - As of August 5, the balance of margin financing and securities lending in the A-share market reached 2 trillion yuan, the highest since July 1, 2015 [15] Company Dynamics - Li Auto, China Automotive Technology and Research Center, and Dongfeng Liuzhou Motor reached a joint statement regarding the Li Auto i8 crash test, emphasizing the importance of integrity in the automotive industry [16] - *ST Dongtong's chairman is under investigation by the China Securities Regulatory Commission for information disclosure violations [17] - *ST Yazhen's stock experienced abnormal trading fluctuations, leading to a temporary suspension for investigation [18] - Xianhe Co. plans to invest approximately 11 billion yuan in a new high-performance paper-based material project in Sichuan, with an expected annual output value of about 5.15 billion yuan [23][24] - Sainuo Medical's subsidiary received breakthrough medical device designation from the FDA for its intracranial drug-coated stent system [20] - BeiGene expects its 2025 revenue to be between 35.8 billion and 38.1 billion yuan, with a projected gross margin of 80% to 90% [21]

Core Viewpoint - The recent collision test involving the Li Auto i8 and a third-party vehicle (Dongfeng Liuzhou Automobile) has sparked widespread public concern and discussions regarding the transparency of automotive product testing information, standard execution, and brand image protection [1][3]. Group 1: Joint Statement and Clarifications - On August 6, China Automotive Research (China Automotive Research Co., Ltd.) released a joint statement to clarify facts and eliminate misunderstandings regarding the Li Auto i8 collision test incident, involving Li Auto, China Automotive Research, and Dongfeng Liuzhou Automobile [3]. - The three parties expressed their commitment to building a safe, technological, and integrity-based automotive industry ecosystem to promote high-quality and sustainable development in China's automotive industry [3]. Group 2: Li Auto's Position - Li Auto stated that the purpose of the test was to verify and enhance the passive safety performance of the Li Auto i8, and it was not intended to target the safety and quality performance of any other brand vehicles [6]. - Li Auto acknowledged the unintended negative impact on Dongfeng Liuzhou's brand image due to the incident and expressed sincere apologies for any misunderstandings caused to the public and customers [6]. Group 3: China Automotive Research's Role - China Automotive Research admitted that it failed to clearly communicate to the public that the Dongfeng Liuzhou vehicle was used as a "mobile barrier" for specific standard requirements, and the test did not evaluate its product safety and quality performance [6]. - The organization committed to improving its testing management mechanisms and maintaining scientific, objective, and neutral principles to uphold industry credibility [6]. Group 4: Dongfeng Liuzhou's Commitment - Dongfeng Liuzhou emphasized its commitment to high quality and reliability, focusing on continuous innovation and strengthening core technologies to create value for customers [7]. - The company pledged to resist unfair competition and adhere to legal and compliant business practices, contributing to China's transition from a major automotive nation to a strong automotive nation [8]. Group 5: Industry Call to Action - The three parties jointly called for strict self-discipline within the automotive industry, urging adherence to integrity principles and commercial ethics in product development, testing, and promotion [9]. - They emphasized the importance of focusing resources on enhancing vehicle safety performance, core technology innovation, and optimizing user experiences to elevate the overall image and competitiveness of the Chinese automotive industry [9].

Core Viewpoint - Li Auto issued a joint statement regarding the collision test of the Li Auto i8, clarifying that the test aimed to verify and enhance the passive safety performance of the vehicle and was not intended to question the safety and quality of other brands' vehicles [1] Group 1 - Li Auto plans to take further measures to prevent similar controversies in the future [1] - China Automotive Research expressed regret for not adequately anticipating and mitigating potential risks due to incomplete information release [1] - Dongfeng Liuzhou Automobile emphasized its commitment to resisting unfair competition and adhering to legal and compliant business practices [1] Group 2 - The three parties jointly advocated for strict self-discipline within the automotive industry, urging adherence to principles of integrity and business ethics in product development, testing, and promotion [1] - They called for the elimination of any form of improper competition, such as disparaging comparisons [1] - Testing and certification agencies are urged to uphold professional standards to ensure that testing processes are scientific, rigorous, and that information released is truthful, accurate, and complete [1]

Core Viewpoint - The joint statement by Li Auto, China Automotive Engineering Research Institute, and Dongfeng Liuzhou Automobile aims to clarify the misunderstanding surrounding the collision test of the Li Auto i8 and to maintain a positive industry ecosystem [1][2]. Summary by Relevant Sections Li Auto's Position - The purpose of the test was to verify and enhance the passive safety performance of the Li Auto i8, not to question the safety and quality of any other brand's vehicles. Li Auto expressed sincere apologies for the unintended negative impact on Dongfeng Liuzhou's brand image due to the test [1][9]. China Automotive Engineering Research Institute's Position - As the executing agency for the test, China Automotive Engineering Research Institute acknowledged its failure to clearly communicate that the Dongfeng Liuzhou vehicle was used as a "mobile barrier" and not as an evaluation of its safety and quality. The institute committed to improving its testing management mechanisms and maintaining industry credibility [3][11]. Dongfeng Liuzhou Automobile's Position - Dongfeng Liuzhou emphasized its commitment to high quality and reliable products, focusing on continuous innovation and compliance with legal standards. The company aims to contribute to China's transition from a major automotive nation to a strong automotive nation [4][12]. Joint Initiatives - The three parties called for strict self-discipline within the automotive industry, urging adherence to integrity and ethical business practices in product development, testing, and promotion. They emphasized the importance of accurate and complete information dissemination to maintain a fair market order [5][13]. - They also advocated for a focus on core technological innovation and enhancing vehicle safety performance to elevate the overall image and competitiveness of the Chinese automotive industry [6][14].

理想汽车、中国汽研、东风柳汽就理想i8碰撞测试相关事件相关情况达成一致，发布联合声明。 声明全文如下： 近期，理想 i8 与第三方车辆（东风柳汽乘龙品牌）在碰撞测试中的内容传播引发社会广泛关注，并就汽 车产品测试信息发布的规范性、标准执行的透明度以及企业品牌形象保护等议题引发了行业讨论。为澄清 事实，消除误解，并共同维护良好的行业生态，北京理想汽车有限公司（以下简称"理想汽车"）、中国汽 车工程研究院股份有限公司（以下简称"中国汽研"）、东风柳州汽车有限公司（以下简称"东风柳汽"）三 方在充分沟通基础上，就事件相关情况达成一致，现联合声明如下： 东风柳汽： 东风柳汽作为东风汽车旗下重要的商用车和乘用车事业单元，始终坚守"自立自强、创优创新、同心同 德、为国为民"的企业精神，坚持"高品质 + 可信赖"的质量方针，将通过持续创新不断强化关键核心技 术，一如既往地踏踏实实做好产品、勤勤恳恳做好服务，以更好的交通运输解决方案为客户创造价值，扎 实推进企业高质量发展。 我们自觉抵制不正当竞争，坚守合法合规经营底线，坚持实事求是原则，为实现我国从汽车大国向汽车强 国的历史性跨越贡献力量。 三方共同倡议： 理想汽车： 本次 ...

Core Viewpoint - The joint statement from Li Auto, China Automotive Engineering Research Institute, and Dongfeng Liuzhou Automobile aims to clarify the recent controversy surrounding the crash test of the Li Auto i8, emphasizing the importance of transparency in automotive testing and brand protection [1][10]. Summary by Sections Li Auto's Position - The purpose of the crash test was to verify and enhance the passive safety performance of the Li Auto i8, not to target the safety and quality of other brands [2][10]. - Li Auto expressed sincere apologies for the unintended negative impact on Dongfeng Liuzhou's brand image due to the test and the subsequent public misunderstanding [2][10]. - The company committed to taking further measures to prevent similar controversies in the future [3][12]. China Automotive Engineering Research Institute's Position - As the executing agency for the test, China Automotive Engineering Research Institute acknowledged its failure to clearly communicate that the Dongfeng Liuzhou vehicle was used as a "mobile barrier" and that the test did not evaluate its safety or quality [5][13]. - The institute apologized for the lack of key information that led to public misunderstanding and pledged to improve its testing management mechanisms [5][13]. Dongfeng Liuzhou Automobile's Position - Dongfeng Liuzhou emphasized its commitment to high quality and reliable products, focusing on continuous innovation and core technology enhancement [6][14][15]. - The company stated its dedication to lawful and compliant operations while contributing to the transformation of China from a major automotive country to a strong automotive nation [6][14][15]. Joint Initiatives - The three parties called for strict self-discipline within the automotive industry, urging adherence to integrity and commercial ethics in product development, testing, and promotion [8][16]. - They emphasized the need to focus on core technology innovation and improving vehicle safety performance to enhance the overall image and competitiveness of the Chinese automotive industry [8][16]. - The parties expressed their willingness to collaborate with the industry to build a sustainable automotive ecosystem based on safety, technology, and integrity [8][17].

Core Viewpoint - The joint statement from Li Auto, China Automotive Research, and Dongfeng Liuzhou Motor emphasizes the need for self-discipline and integrity within the automotive industry, advocating for a focus on safety, technological innovation, and ethical competition [1][9][10]. Group 1: Industry Self-Regulation - The automotive industry is called to adhere strictly to self-regulation, ensuring honesty in product development, testing, and marketing, while avoiding any form of unfair competition such as disparaging comparisons [1][9]. - Testing and certification agencies are urged to maintain professional standards, ensuring that testing processes are scientific, rigorous, and that information released is accurate and complete [1][9]. Group 2: Focus on Innovation and Quality - The statement encourages the industry to concentrate resources on enhancing vehicle safety performance, achieving breakthroughs in core technologies, and optimizing user experiences [1][9]. - Companies are reminded to uphold high-quality standards and to contribute to the overall image and competitiveness of the Chinese automotive industry [1][9][10]. Group 3: Commitment to Ethical Practices - Li Auto expressed sincere apologies for any misunderstandings caused by the collision test, clarifying that there was no intention to question the quality or safety of Dongfeng Liuzhou Motor's products [4][5]. - China Automotive Research acknowledged its failure to communicate clearly regarding the use of a second-hand vehicle in the test, which led to public misunderstandings, and committed to improving its testing management mechanisms [6].

Group 1 - The core issue revolves around the collision test of the Li Auto i8 with a third-party vehicle, which led to public controversy and brand image concerns for Dongfeng Liuzhou Motor [1][2] - Li Auto acknowledged the insufficient assessment of the potential brand association risks and expressed sincere apologies for the misunderstanding caused to users and the public [1] - China Automotive Research (CARS) admitted to failing to clearly communicate the purpose of the second-hand Dongfeng Liuzhou vehicle used in the test, which was merely a "mobile barrier" and not an evaluation of its safety and quality [1] Group 2 - Dongfeng Liuzhou reiterated its commitment to high quality and reliability, emphasizing the importance of core technology and compliance with legal standards [2] - The three parties called for the industry to adhere to self-regulatory standards, avoiding unfair competition and ensuring rigorous testing and accurate information dissemination [2] - There is a collective push for the automotive industry to focus on enhancing vehicle safety, core technology innovation, and user experience to elevate the overall image and competitiveness of the Chinese automotive sector [2]