12月24日，长安汽车不实信息举报中心发布声明称，近期，长安汽车关注到网络上有"重庆长安汽车 废轻铁拍卖，疑致数千万国有资产流失"等信息，经调查核实，该内容为不实信息，上述发布行为已对 公司的品牌声誉和正常经营秩序造成了严重的负面影响。针对造谣、传谣、抹黑和诋毁行为，公司将通 过法律手段维护公司的合法权益。 编辑丨瑜见 ...

Core Viewpoint - Changan Automobile announced the progress of capital increase and share expansion for its subsidiary, Deep Blue Automotive, with an expected fundraising of 6.122 billion yuan [1][3]. Group 1: Transaction Overview - Changan Automobile's board approved a capital increase for Deep Blue Automotive, with a total fundraising scale of approximately 6.122 billion yuan, including both public and private placements [3]. - The company plans to contribute 3.122 billion yuan through a private agreement, consisting of 2.079 billion yuan in cash and 1.043 billion yuan in intangible assets [3][8]. Group 2: Progress Status - The public offering period for the capital increase is from November 26, 2025, to December 23, 2025, during which two investors, Chongqing Yufu Holding Group and China Merchants Bank Financial Asset Investment, paid transaction deposits [4]. Group 3: Investor Information - Chongqing Yufu Holding Group has a registered capital of 16.8 billion yuan and is fully controlled by the Chongqing State-owned Assets Supervision and Administration Commission [5][6]. - China Merchants Bank Financial Asset Investment has a registered capital of 1.5 billion yuan and is fully owned by China Merchants Bank [6]. Group 4: Capital Increase Agreement Details - The total capital increase for Deep Blue Automotive is 6.122 billion yuan, with a new registered capital of 1.38048787 billion yuan, increasing from 3.28108278 billion yuan to 4.66157065 billion yuan [8]. - Changan Automobile will maintain a shareholding ratio of 50.9959% post-increase, while Chongqing Yufu Holding Group and China Merchants Bank Financial Asset Investment will hold 12.0934% and 2.4187%, respectively [9].

Core Viewpoint - Changan Automobile announced that its subsidiary, Deep Blue Automotive, will conduct a capital increase and expansion, expecting to raise 6.122 billion yuan [1][3]. Group 1: Transaction Overview - Changan Automobile's board approved a proposal for Deep Blue Automotive to raise approximately 6.122 billion yuan, which includes both public and private capital increases [3]. - The private capital increase will involve 3.122 billion yuan, consisting of 2.079 billion yuan in cash and 1.043 billion yuan in intangible assets [3][10]. - The transaction is classified as a related party transaction and requires shareholder approval but does not constitute a major asset restructuring [3]. Group 2: Progress of the Transaction - The public offering period for the capital increase was from November 26, 2025, to December 23, 2025, during which two investors, Chongqing Yufu Holding Group and CMB Financial Asset Investment, paid transaction deposits [4]. - Both investors have been confirmed as qualified assignees for the transaction [4]. Group 3: Investor Information - Chongqing Yufu Holding Group has a registered capital of 16.8 billion yuan and is fully controlled by the Chongqing State-owned Assets Supervision and Administration Commission [5][6]. - CMB Financial Asset Investment has a registered capital of 1.5 billion yuan and is fully owned by China Merchants Bank [6]. Group 4: Capital Increase Agreement Details - The total capital increase for Deep Blue Automotive is 6.122 billion yuan, with a new registered capital of 1.38048787 billion yuan, increasing from 3.28108278 billion yuan to 4.66157065 billion yuan [7][10]. - Changan Automobile will contribute 3.122 billion yuan, while Yufu Group and CMB Investment will contribute 2.5 billion yuan and 0.5 billion yuan in cash, respectively [10]. - Post-increase, Changan Automobile's shareholding will remain at 50.9959%, while Yufu Group and CMB Investment will hold 12.0934% and 2.4187%, respectively [8][10].

证券代码：000625(200625) 证券简称：长安汽车（长安 B） 公告编号：2025-83 重庆长安汽车股份有限公司 重庆长安汽车股份有限公司（以下简称"长安汽车"或"公司"）于2025年12 月12日召开第九届董事会第四十九次会议，审议通过了《关于向控股子公司增资的 议案》，同意深蓝汽车科技有限公司（以下简称"深蓝汽车"）开展增资扩股，预 计募资规模约61.22亿元（最终以实际到账金额为准），包括重庆联合产权交易所集 团股份有限公司（以下简称"重庆产交所"）公开挂牌增资和非公开协议增资两部 分，其中，公司拟以非公开协议方式通过无形资产加自有资金合计增资31.22亿元。 详细内容见公司于2025年12月13日披露的《关于控股子公司以公开挂牌方式增资扩 股暨关联交易的公告》（公告编号：2025-79）。 本次交易构成关联交易，尚需获得股东会的批准，但不构成重大资产重组，不 需要经过有关部门批准。 二、进展情况 关于控股子公司以公开挂牌方式增资扩股的进展公告 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、交易概述 本次挂牌公告期为2025年11月26日 ...

长安汽车公告称，控股子公司深蓝汽车开展增资扩股，预计募资61.22亿元。长安汽车拟非公开协议增 资31.22亿元，含20.79亿元自有资金及价值10.43亿元无形资产。挂牌期内，渝富集团和招银投资支付保 证金，具备受让资格。本次增资后，长安汽车持股50.9959%不变，渝富集团和招银投资分别持股 12.0934%、2.4187%。现金部分支付期限为协议生效、交割先决条件满足后3个工作日内和2025年12月 31日前（以孰晚者为准），无形资产部分交割后完成产权变更登记。 ...

Core Viewpoint - The solid-state battery sector is gaining momentum in the electric vehicle industry, driven by the need to address range anxiety and enhance safety and efficiency. The market has seen a significant increase in solid-state battery stocks, with a 57.3% rise in the index over the past year, highlighting the growing interest and investment in this technology [1]. Group 1: Market Performance - The solid-state battery index rose from 696.24 in April 2025 to 1314.15 by the end of November 2025, reflecting a 57.3% increase [1]. - Companies such as Haike New Energy, Shanghai Xiba, and others have seen their stock prices increase by over 100% within the year [1]. Group 2: Manufacturer Plans - Twelve major automakers, including state-owned enterprises and companies like BYD and Geely, have disclosed their timelines for integrating solid-state batteries, targeting vehicle validation in 2026 and initial mass production in 2027 [1]. - Specific timelines include: - China FAW plans to mass-produce solid-state batteries by the end of 2027 for high-end vehicles [2]. - Changan Automobile aims for mass production or vehicle validation between 2026 and 2027 [2]. - Dongfeng Group has established a pilot line and expects to produce 350Wh/kg solid-state batteries by September 2026 [2]. - SAIC Group plans to deliver samples by the end of 2025 and conduct vehicle tests in 2026 [2]. - GAC Group has completed the manufacturing process for solid-state batteries and aims for vehicle integration in 2026 [2]. - BYD and Geely also have plans for solid-state battery applications around 2027 [2]. Group 3: Policy Support - The development of solid-state batteries is closely linked to government policies, with initiatives aimed at strengthening innovation in the electronic information manufacturing sector [3]. - The Ministry of Industry and Information Technology has emphasized the importance of technological innovation and the acceleration of new technology commercialization in the solid-state battery sector [3]. Group 4: Technical Innovations - The industry is focusing on replacing liquid electrolytes in lithium batteries with solid electrolytes to meet demands for higher energy density and faster charging [4]. - Experts suggest that achieving large-scale application of solid-state batteries will require three to five years of further development [4].

天眼查App显示，近日，重庆长安汽车股份有限公司申请的"电池包保护装置、电池包保护系统及车 辆"专利公布。摘要显示，电池包保护装置被配置为能够分别与车架、电池包以及动力舱组件连接。电 池包保护装置包括第一支撑件和第二支撑件。第一支撑件设置于车辆的动力舱组件；第一支撑件的沿其 长度方向的两端中的任一端，分别与动力舱组件和车辆的车架连接。第二支撑件设置于副车架与电池包 之间，且设置于第一支撑件远离动力舱组件的一侧；第二支撑件与副车架之间存在距离。车辆在受到冲 击的情况下，冲击力可以通过第一支撑件和传递至车辆的车身，以减少对电池包的冲击力，避免电池包 由于受到冲击力产生爆炸。 ...

Core Viewpoint - The passenger car sector experienced a slight decline of 0.18% on December 24, with Haima Automobile leading the drop, while the overall stock market indices showed positive movements, with the Shanghai Composite Index rising by 0.53% and the Shenzhen Component Index increasing by 0.88% [1] Group 1: Market Performance - The Shanghai Composite Index closed at 3940.95, up 0.53% [1] - The Shenzhen Component Index closed at 13486.42, up 0.88% [1] - The passenger car sector saw a net outflow of 7.87 billion yuan from main funds, while retail investors contributed a net inflow of 6.13 billion yuan [1] Group 2: Individual Stock Performance - Changan Automobile (000625) closed at 11.93, with a slight increase of 0.51% and a trading volume of 639,000 shares, amounting to 760 million yuan [1] - GAC Group (601238) closed at 8.21, up 0.37%, with a trading volume of 240,800 shares, totaling 198 million yuan [1] - BYD (002594) closed at 94.42, down 0.41%, with a trading volume of 192,800 shares, amounting to 1.819 billion yuan [1] - Haima Automobile (000572) led the decline with a drop of 1.97%, closing at 8.98, with a trading volume of 2.7857 million shares, totaling 2.514 billion yuan [1] Group 3: Fund Flow Analysis - GAC Group saw a main fund net outflow of 2.9128 million yuan, with retail investors contributing a net inflow of 996.65 million yuan [2] - Great Wall Motors (601633) experienced a main fund net outflow of 14.755 million yuan, while retail investors had a net inflow of 1.91547 million yuan [2] - BYD faced a significant main fund net outflow of 199 million yuan, but retail investors contributed a net inflow of 82.7275 million yuan [2]

文 | 花生说科技，作者 | 李皙寅·花生，编辑 | 黑松 大变局往往从一个小事件开始。 2025年12月20日，重庆内环快速路的车流如梭，有一辆车却格外醒目。 一辆长安汽车旗下深蓝SL03，它挂着的"渝AD0001Z"号牌，是全国首块L3级自动驾驶专用正式号牌。 在指定路段，系统将接管全部动态驾驶任务，事故责任首次从驾驶员转向车企。中国自动驾驶加速走向 合规商用。 为啥花落长安家？ 还是那句老话，机会留给有准备的人。长安汽车的L3之路探索早已有之。 回溯其技术脉络，时间线非常清晰：2014年启动驾驶辅助研发，2017年专攻L3级技术，2021年在深蓝 品牌首次应用，2024年成为首批试点车企，2025年完成产品测试与安全评估。 从技术积累到场景验证，再到合规落地，这是长安汽车一步一步走出来的。 更关键的是，其L3系统已在8D般的重庆，基于复杂路况中完成百万公里测试，经过远超国标的场景测 试后，给出了零事故、零违规的结果。 这样的数据，给了政策放行的底气。 重庆不仅开放核心道路作为试点路段，还创新推出智能网联汽车专用号段，更是组建专班为长安提供全 流程服务。 花生说科技调研地方汽车产业多年，这种车企技术攻坚+ ...

Group 1: Industry Developments - The Chinese automotive market is at a critical intersection of policy opportunities and year-end push as December 2025 approaches [1] - The Ministry of Industry and Information Technology (MIIT) has granted road access licenses for two L3 level autonomous driving vehicles from Changan Automobile and BAIC Group [2] - The MIIT is proposing seven mandatory national standards for automobiles, including safety requirements for door handles [6] Group 2: New Product Launches - Great Wall Motors has launched the Ora 5 SUV with a limited-time price starting at 91,800 yuan, featuring two battery options and advanced AI integration [3][5] - The Ora 5 is equipped with the Coffee OS 3 system and a third-generation driver assistance system, offering features like city NOA and memory parking [5] Group 3: Strategic Partnerships - CATL and Lantu have signed a ten-year deepening cooperation agreement focusing on technology application, product supply, and global market collaboration [7][9] Group 4: Corporate Actions - Zotye Auto plans to dispose of up to 3% of its shares to repay historical debts, with a maximum of 151 million shares to be sold [10] - GAC Group has initiated a Business Unit reform to enhance internal resource integration and operational efficiency, focusing on two brands, Haobo and Aion [11][13] - Hozon Auto is progressing with its bankruptcy restructuring, having selected a management trustee to oversee the process [14][16] Group 5: Regulatory Changes - The State Administration for Market Regulation and the Ministry of Ecology and Environment have issued new guidelines for the evaluation of vehicle inspection institutions to enhance regulatory standards [17]