Core Viewpoint - The recent collision test involving Li Auto's i8 and a Dongfeng Liuzhou truck has sparked significant public concern, leading to a joint statement from Li Auto, China Automotive Research Institute (CARI), and Dongfeng Liuzhou, emphasizing the importance of ethical competition and focusing on core technological innovation [5][8]. Group 1: Joint Statement and Apologies - Li Auto, CARI, and Dongfeng Liuzhou have issued a joint statement addressing the incident, clarifying that the test aimed to validate the passive safety performance of the Li i8 and was not intended to evaluate the safety or quality of other brands [5][6]. - Li Auto expressed sincere apologies for the unintended negative impact on Dongfeng Liuzhou's brand image due to the test's publicity, acknowledging the potential for public misunderstanding [5][6]. - CARI admitted to failing to clearly communicate the purpose of the test and the use of the Dongfeng Liuzhou truck as a "mobile barrier," which led to public misconceptions [6]. Group 2: Industry Response and Future Actions - Dongfeng Liuzhou reaffirmed its commitment to ethical competition and high-quality standards, emphasizing its dedication to innovation and customer value [6][7]. - The three parties collectively called for the automotive industry to adhere to ethical principles in product development, testing, and marketing, discouraging any form of unfair competition [8]. - They advocated for a focus on enhancing vehicle safety, core technological innovation, and improving user experience to elevate the overall image and competitiveness of the Chinese automotive industry [8].

Core Viewpoint - The joint statement from Li Auto, China Automotive Research, and Dongfeng Liuzhou Automobile addresses the recent controversy surrounding the crash test of the Li Auto i8, emphasizing the importance of self-discipline and innovation in the automotive industry [2][6][9]. Summary by Sections Incident Overview - The crash test involving the Li Auto i8 and a Dongfeng Liuzhou truck has garnered significant public attention, leading to a joint statement from the involved parties [6][10]. - The test aimed to validate and enhance the passive safety performance of the Li Auto i8, not to evaluate the safety or quality of other brands [6][15]. Apologies and Clarifications - Li Auto expressed sincere apologies for the unintended negative impact on Dongfeng Liuzhou's brand image due to the test's publicity [6][7]. - China Automotive Research acknowledged its failure to clearly communicate the purpose of using the Dongfeng Liuzhou truck as a "mobile barrier" and not as a direct comparison of product safety [7][15]. Industry Commitment - Dongfeng Liuzhou emphasized its commitment to high-quality and reliable products, resisting unfair competition, and contributing to the transition from a major automotive nation to a strong automotive nation [8][9]. - The three parties collectively called for strict self-discipline within the automotive industry, urging adherence to integrity and ethical business practices [9]. Focus on Innovation - The statement advocates for the industry to concentrate resources on enhancing vehicle safety, core technological innovations, and improving user experiences, thereby promoting the overall image and competitiveness of the Chinese automotive industry [9].

Core Viewpoint - The recent collision test incident involving Li Auto's i8 has garnered significant attention, leading to a joint statement from Li Auto, China Automotive Engineering Research Institute, and Dongfeng Liuzhou Motor Co., Ltd. to clarify the situation and address public concerns [2][5]. Group 1: Li Auto's Position - Li Auto stated that the purpose of the collision test was to verify and enhance the passive safety performance of the i8, and it was not intended to question the safety and quality of any other vehicle brands [2]. - The company expressed sincere apologies for inadvertently involving Dongfeng Liuzhou's brand in negative public sentiment, which could harm its brand image [2]. - Li Auto committed to taking further measures to prevent similar controversies in the future [2]. Group 2: China Automotive Engineering Research Institute's Role - China Automotive Engineering Research Institute acknowledged that it failed to clearly communicate to the public that the Dongfeng Liuzhou vehicles were used solely as "mobile barrier vehicles" for the test, and the test did not evaluate their safety and quality [5]. - The institute admitted to a lack of foresight in managing potential risks associated with incomplete information dissemination and expressed regret for the misunderstanding caused [5]. - As a third-party testing organization, it plans to improve its testing management mechanisms [5]. Group 3: Dongfeng Liuzhou Motor's Response - Dongfeng Liuzhou emphasized its commitment to continuous innovation and strengthening core technologies to provide better transportation solutions and create value for customers [8]. - The company stated its dedication to resisting unfair competition and adhering to legal and compliant business practices [8]. Group 4: Joint Statement and Industry Call - The joint statement from the three parties called for strict self-discipline within the automotive industry, urging adherence to integrity principles and commercial ethics in product development, testing, and promotion [10]. - It emphasized the need for testing and certification organizations to maintain professional standards, ensuring that testing processes are scientific and information released is accurate and complete [10]. - The statement encouraged the industry to focus on enhancing vehicle safety performance, core technology innovation, and improving user experiences to elevate the overall image and competitiveness of the Chinese automotive industry [10].

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 industry self-regulation and ethical competition [2][12]. Group 1: Incident Background - The controversy originated from a crash test video shown during the Li Auto i8 launch on July 29, which depicted a collision between the i8 and an 8-ton Dongfeng Liuzhou vehicle, raising questions about the test's validity [10][11]. - Dongfeng Liuzhou criticized the test for not disclosing vehicle conditions and testing scenarios, claiming it misrepresented safety outcomes and could mislead consumers [11][12]. Group 2: Company Responses - Li Auto clarified that the test aimed to validate the passive safety performance of the i8 and did not intend to evaluate the safety or quality of other brands, apologizing for any unintended negative impact on Dongfeng Liuzhou's brand image [2][10]. - China Automotive Engineering Research Institute acknowledged its failure to communicate the purpose of using Dongfeng Liuzhou's vehicle as a "mobile barrier" and committed to improving its testing management processes [4][12]. - Dongfeng Liuzhou reaffirmed its commitment to high-quality standards and innovation, emphasizing its dedication to providing reliable products and services [5][6]. Group 3: Industry Call to Action - The three parties jointly called for the automotive industry to adhere to self-regulation, maintain integrity in product development and marketing, and avoid unfair competitive practices [7][12]. - They urged the industry to focus on enhancing vehicle safety, core technological innovation, and improving user experiences to elevate the overall image and competitiveness of the Chinese automotive sector [7][12].

Core Viewpoint - The recent collision test incident involving Li Auto's i8 has sparked widespread attention, leading to a joint statement from Li Auto, China Automotive Engineering Research Institute, and Dongfeng Liuzhou Motor Co., Ltd. to clarify the situation and address the unintended negative publicity affecting the Dongfeng Liuzhou brand [1][9][10]. Group 1: Li Auto's Position - Li Auto stated that the purpose of the test was to verify and enhance the passive safety performance of the i8, not to question the safety and quality of any other brand's vehicles [1][9]. - The company expressed sincere apologies for the unintended negative impact on Dongfeng Liuzhou's brand image and acknowledged the insufficient risk assessment regarding the potential brand association risks [1][9]. - Li Auto committed to taking further measures to prevent similar controversies in the future [10]. Group 2: China Automotive Engineering Research Institute's Role - China Automotive Engineering Research Institute, as the executing agency for the test, admitted to failing to clearly communicate that the Dongfeng Liuzhou vehicles were used solely as "mobile barrier vehicles" and that the test did not evaluate their safety and quality [2][11]. - The institute acknowledged the lack of key information that led to public misunderstanding and expressed regret for not adequately predicting and mitigating the risks associated with incomplete information dissemination [2][11]. - China Automotive Engineering Research Institute pledged to improve its testing management mechanisms and uphold the principles of scientific, objective, and neutral testing [11]. Group 3: Dongfeng Liuzhou's Response - Dongfeng Liuzhou emphasized its commitment to continuous innovation and strengthening core technologies to provide better transportation solutions and create value for customers [5][13]. - The company stated its dedication to resisting unfair competition and adhering to legal and compliant business practices [5][13]. - Dongfeng Liuzhou aims to contribute to the transition of China from a major automotive country to a strong automotive nation by maintaining high-quality standards and reliable products [13]. Group 4: Industry Call to Action - The three parties jointly advocated for strict self-discipline within the automotive industry, emphasizing the importance of integrity and ethical business practices in product development, testing, and promotion [6][14]. - They called for a focus on enhancing vehicle safety performance, core technology innovation, and optimizing user experiences to drive industry upgrades and improve the overall image and competitiveness of the Chinese automotive sector [6][14]. - The parties expressed a willingness to collaborate with industry peers to build a sustainable automotive ecosystem based on safety, technology, and integrity [15].

Core Viewpoint - The recent collision test involving the Li Auto i8 and a third-party vehicle (Dongfeng Liuzhou Automobile's乘龙 brand) has sparked widespread public concern regarding the transparency of automotive product testing information, standard execution, and brand image protection [2] Group 1: Company Statements - Li Auto clarified 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 question the safety and quality of any other brand's vehicles [2] - Li Auto expressed sincere apologies for the unintended negative impact on the Dongfeng Liuzhou brand due to the test, acknowledging the potential brand association risks and public misunderstandings [2] - China Automotive Engineering Research Institute (China Automotive Research) admitted that it failed to clearly communicate that the Dongfeng Liuzhou second-hand vehicle was used solely as a "mobile barrier vehicle" for the test, which led to public misconceptions [3] Group 2: Industry Initiatives - The three parties jointly called for the automotive industry to adhere to self-discipline, emphasizing the importance of integrity and commercial ethics in product development, testing, and promotion [4] - The industry is encouraged to focus resources on enhancing vehicle safety performance, core technology innovation, and optimizing user experience to drive industry upgrades and improve the overall image and competitiveness of the Chinese automotive sector [4] - The three parties expressed their commitment to building a safe, technology-driven, and integrity-based automotive ecosystem, promoting high-quality and sustainable development in the Chinese automotive industry [5]

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].