Core Viewpoint - In November 2025, China's commercial vehicle sales increased by 24% year-on-year, with the truck market growing by 26%, slightly above the overall commercial vehicle market growth. The light truck segment, being the largest in the truck market, showed a mixed performance, raising questions about its competitiveness in the final month of the year [1][3][6]. Summary by Sections Overall Market Performance - In November 2025, the truck market sold 338,400 units, a month-on-month increase of 9% and a year-on-year increase of 26%. The light truck market sold 179,500 units, with a year-on-year growth of 7%, marking a "10 consecutive months increase" [3][4][6]. Light Truck Market Analysis - The light truck market's year-on-year growth of 7% in November was lower than the overall truck market's growth, indicating a recent decline in performance compared to earlier months. Cumulatively, from January to November, the light truck market grew by 6%, also lagging behind the overall truck market growth [6][28]. Historical Context - November is typically not a peak sales month for the truck market, with average sales in the last decade around 150,000 units. The 2025 November sales of 179,500 units ranked third in the last ten years, indicating a decent performance but not exceptional [8][10]. Company Performance - In November, nine companies sold over 10,000 light trucks, with Foton leading at 37,000 units, followed by Changan and Great Wall. The top five companies accounted for 56.07% of the market share [13][14][20]. - Year-to-date, Foton maintained the highest cumulative sales at 403,100 units, with a market share of 22.11%. Other notable companies included Changan, Great Wall, and Jianghuai, each exceeding 150,000 units in sales [20][21]. Growth Trends - Among the top ten companies, eight reported year-on-year sales increases in November, with Leap Motor and BYD showing significant growth rates of 142% and 70%, respectively. The overall light truck market growth was outpaced by several companies [18][19][23]. Market Share Changes - Compared to 2024, companies like Leap Motor and BYD saw notable increases in market share, while others experienced declines. The competitive landscape shifted, with Jianghuai and Changan moving up in rankings [26][28].

Core Viewpoint - Jiangling Motors Co., Ltd. plans to expand its board from nine to eleven members, including the addition of an independent director and a worker representative director, with the nomination of Chen Ping for the independent director position submitted for shareholder approval [1][2]. Summary by Sections - The nomination of Chen Ping as an independent director has been approved by a special meeting of the independent directors prior to submission to the board [2]. - Chen Ping has not yet obtained the independent director qualification certificate but has committed to participate in the latest training organized by the Shenzhen Stock Exchange to obtain the necessary certification [2]. - The independent director candidate must pass the review by the Shenzhen Stock Exchange without objections before being submitted for shareholder meeting consideration [3]. - Chen Ping's background includes a bachelor's degree in radio technology from Zhejiang University and an EMBA from China Europe International Business School. He currently holds several director positions in various companies and has received multiple awards for technological progress [3][4]. - As of the date of the announcement, Chen Ping does not hold any shares in the company and has no related party relationships with shareholders holding more than 5% of the company, other directors, supervisors, or senior management [4].

Group 1 - The automotive sector experienced a short-term surge, with notable stocks such as BAIC Blue Valley hitting the daily limit up [1] - Other companies in the sector, including GAC Group, Seres, Changan Automobile, Jiangling Motors, and Dongfeng Motor, also saw significant increases in their stock prices [1]

Core Viewpoint - The light commercial vehicle (LCV) market in China has shown a significant growth trend, achieving an 8-month consecutive increase in sales, with November 2025 sales reaching 40,500 units, a year-on-year growth of 14% [2][6][20]. Group 1: Market Performance - In November 2025, the overall bus market sold 53,200 units, with a month-on-month increase of 7% and a year-on-year increase of 16% [1]. - The light bus market accounted for 76.14% of total bus sales in November, a slight decrease from the previous month [1]. - Cumulatively, from January to November 2025, the light bus market sold 403,700 units, marking an 11% year-on-year increase, which is the highest in five years [4][15]. Group 2: Sales Trends - The light bus market has experienced a fluctuating trend over the past five years in November, with 2025's sales being the highest in this period, surpassing the lowest sales in November 2022 by 14,200 units [4]. - The cumulative sales from January to November 2025 exceeded 400,000 units, with an increase of over 41,400 units compared to the same period last year [4][15]. Group 3: Company Performance - In November 2025, the top ten companies in the light bus market had a combined market share of 97.90%, with Changan, Jiangling, and Maxus leading the market, each exceeding 20% market share [13]. - Changan and Maxus saw significant year-on-year sales increases of 44% and 79%, respectively, while Jiangling grew by 10% [10][16]. - Among the top ten companies, five experienced sales growth while five saw declines, with the most significant drop being 48% for one company [10]. Group 4: Market Share Dynamics - From January to November 2025, Changan, Jiangling, and Maxus captured 28.92%, 22.15%, and 21.13% of the light bus market share, respectively [17]. - Compared to the previous year, Changan, Jiangling, and Maxus increased their market shares by 4.76, 0.81, and 3.35 percentage points, respectively [18].

在品牌表现方面，今年前11个月全品类汽车总销量排名前五的品牌依次为：菲亚特（8,492辆）、比亚迪（6,875 辆）、雪佛兰（6,711辆）、大众（5,785辆）和雷诺（5,486辆）。在细分市场中，比亚迪在SUV领域位居榜首，在轿 车领域排名第四；小巴士领域则由江淮汽车位列第三；卡车市场方面，江淮和江铃保持领先地位，东风位列第四。 fund （原标题：乌拉圭2025年前11个月新车销量同比增长9.1%） 乌拉圭《国家报》2025年12月10日报道，根据乌拉圭汽车贸易协会的数据，11月该国新车单月销量为6,483辆，同 比微降1.7%。然而，前11个月的累计销量已达到64,477辆，同比增长9.1%。其中，SUV车型表现尤为亮眼，前11个月 销量大幅增长44.7%，达到21,054辆。 ...

| 证券代码： | 000550 | 证券简称： | 江铃汽车 | 公告编号： | 2025—054 | | --- | --- | --- | --- | --- | --- | | | 200550 | | 江铃 B | | | 江铃汽车股份有限公司关于召开 2025 年第二次临时股东会的通知 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、召开会议的基本情况 1、股东会届次：江铃汽车股份有限公司（"公司"）2025 年第二次临时股东 会 2、股东会的召集人：公司董事会。 公司董事会于 2025 年 12 月 10 日至 12 月 12 日以书面表决形式批准了《江 铃汽车股份有限公司关于召开 2025 年第二次临时股东会的通知》。 4、会议召开时间 现场会议时间为：2025 年 12 月 30 日下午 2:30； 网络投票时间为：2025 年 12 月 30 日，其中，通过深圳证券交易所交易系 统进行网络投票的具体时间为 2025 年 12 月 30 日上午 9:15～9:25，上午 9:30～ 11:30 和下午 1:00～3:00；通过深圳证券交易 ...

江铃汽车股份有限公司 股东会议事规则修订案（2025 年） 为进一步完善公司治理结构，规范公司运作，根据《中华人民共和国公司 法》及证监会 2025 年 3 月 28 日发布的《上市公司章程指引》等法律、法规、规范 性文件的最新规定，结合公司实际情况，公司拟对《股东会议事规则》的部分条款 进行修订，修订后的《股东会议事规则》需经股东会审议通过后方可生效，具体修 订内容如下： | 序号 | 修订前 | 修订后 | | --- | --- | --- | | | 第一章 总则 | 第一章 总则 | | | 第一条 为维护全体股东的合法权益，进一步明 | 第一条 为维护江铃汽车股份有限公司（以下简 | | | 确股东大会的职责权限，规范其运作程序，保 | 称"公司"）及其全体股东的合法权益，明确股 | | | 证股东大会依法行使职权，根据《中华人民共 | 东会的议事规则，规范其运作程序，保证股东会 | | | 和国公司法》(以下简称《公司法》)、《中华 | 依法行使职权，根据《中华人民共和国公司法》 | | 1 | 人民共和国证券法》(以下简称《证券法》)、 | （以下简称"《公司法》"）、《中华人民共和 | | ...

江铃汽车股份有限公司 独立董事提名人声明与承诺 提名人南昌市江铃投资有限公司现就提名陈平为江铃汽车股份有限公司第 十一届董事会独立董事候选人发表公开声明。被提名人已书面同意作为江铃汽 车股份有限公司第十一届董事会独立董事候选人（参见该独立董事候选人声 明）。本次提名是在充分了解被提名人职业、学历、职称、详细的工作经历、 全部兼职、有无重大失信等不良记录等情况后作出的，本提名人认为被提名人 符合相关法律、行政法规、部门规章、规范性文件和深圳证券交易所业务规则 对独立董事候选人任职资格及独立性的要求，具体声明并承诺如下事项： 一、被提名人已经通过江铃汽车股份有限公司第十一届董事会独立董事专 门会议资格审查，提名人与被提名人不存在利害关系或者其他可能影响独立履 职情形的密切关系。 √是 □否 如否，请详细说明： 二、被提名人不存在《中华人民共和国公司法》第一百七十八条等规定不 得担任公司董事的情形。 √是 □否 如否，请详细说明： 三、被提名人符合中国证监会《上市公司独立董事管理办法》和深圳证券 交易所业务规则规定的独立董事任职资格和条件。 √是 □否 如否，请详细说明： 四、被提名人符合公司章程规定的独立董事任职 ...

江铃汽车股份有限公司 董事会议事规则和决策程序修订案（2025 年） 为进一步完善公司治理结构，规范公司运作，根据《中华人民共和国公司 法》及证监会 2025 年 3 月 28 日发布的《上市公司章程指引》等法律、法规、规范 性文件的最新规定，结合公司实际情况，公司拟对《董事会议事规则和决策程序》 的部分条款进行修订，修订后的《董事会议事规则和决策程序》需经股东会审议 通过后方可生效，具体修订内容如下： | 序号 | 修订前 | 修订后 | | --- | --- | --- | | | 为规范江铃汽车股份有限公司（"公司"）董 | 第一章 总则 | | | 事会议事和决策过程，保障董事会的工作效率 | 第一条 为规范江铃汽车股份有限公司（以下简 | | | 和科学决策，现依据相关法律法规、《深圳证 | 称"公司"）董事会议事方式和决策程序，促使 | | | 券交易所上市规则》（"《上市规则》"）以 | 董事和董事会有效地履行其职责，提高董事会规 | | | 及公司《章程》制定本董事会议事规则和决策 | 范运作和科学决策水平，根据《中华人民共和国 | | 1 | 程序（本"规则"）。 | 公司法》（以下简称" ...

江铃汽车股份有限公司章程修订案（2025 年） 为进一步完善公司治理结构，规范公司运作，根据《中华人民共和国公司 法》及证监会 2025 年 3 月 28 日发布的《上市公司章程指引》等法律、法规、规范 性文件的最新规定，结合公司实际情况，公司拟对《公司章程》的部分条款进行修 订，修订后的《公司章程》需经股东会审议通过后方可生效，具体修订内容如下： | 序号 | 修订前 | 修订后 | | --- | --- | --- | | | 第一章 总则 | 第一章 总则 | | | 第一条 为维护公司、股东和债权人的合法权 | 第一条 为维护公司、股东、职工和债权人的合 | | | 益，规范公司的组织和行为，根据《中华人民 | 法权益，规范公司的组织和行为，根据《中华人 | | 1 | 共和国公司法》（以下简称《公司法》）、《中 | 民共和国公司法》（以下简称《公司法》）、《中 | | | 华人民共和国证券法》（以下简称《证券法》） | 华人民共和国证券法》（以下简称《证券法》） | | | 和其他有关规定，制订本章程。 | 和其他有关规定，制定本章程。 | | | 第二条 公司系依照《股份有限公司规范意见》 | ...