Group 1 - The core point of the article is that China FAW Group is planning to acquire approximately 10% of Leap Motor's shares to become a strategic shareholder [1] - Leap Motor has declined to comment on the news regarding the potential investment from China FAW Group [1] - There is currently no information from Leap Motor regarding the development of new models under a different brand in collaboration with China FAW Group [1]

2025.08. 20 微信编辑 | 小羊 第 一 财 经 持 续 追 踪 财 经 热 点 。 若 您 掌 握 公 司 动 态 、 行 业 趋 势 、 金 融 事 件 等 有 价 值 的 线 索 ， 欢 迎 提 供 。 专 用 邮 箱 ： bianjibu@yicai.com （注：我们会对线索进行核实。您的隐私将严格保密。） 推荐阅读 美团启动"堂食提振"计划 团外卖 UII 美团专送 The E 作者 | 第一财经 武子晔 8月20日，有消息称中国一汽正在筹划入股零跑汽车，计划初步要约收购10%左右零跑股份，目前 该方案已经在一汽内部相关部门流转推进。对此，中国一汽方面回应第一财经称："这是不实信 息。" 零跑汽车财报信息显示，目前零跑与中国一汽首个合作开发车型项目已经落地，后续工作正在积极推 进中，双方还将进一步探讨深化资本合作的可行性。 ...

零跑汽车财报信息显示，目前零跑与中国一汽首个合作开发车型项目已经落地，后续工作正在积极推进 中，双方还将进一步探讨深化资本合作的可行性。 8月20日，有消息称中国一汽正在筹划入股零跑汽车，计划初步要约收购10%左右零跑股份，目前该方 案已经在一汽内部相关部门流转推进。对此，中国一汽方面回应第一财经称："这是不实信息。" （文章来源：第一财经） ...

Market Overview - The Shanghai Composite Index closed at 3766.21 points, above the six-month moving average, with an increase of 1.04% [1] - The total trading volume of A-shares reached 24,484.14 billion yuan [1] Stocks Breaking Six-Month Moving Average - A total of 93 A-shares have surpassed the six-month moving average today [1] - Notable stocks with significant deviation rates include: - Xi'an Catering (9.78%) - Fuyao Glass (9.01%) - Sunrise Orient (6.98%) [1] Stocks with Small Deviation Rates - Stocks with minor deviation rates that just crossed the six-month moving average include: - Rui Ming Technology - Fengle Seed Industry - ST Zhongdi [1] Performance of Selected Stocks - Xi'an Catering: - Price change: +10.06% - Turnover rate: 11.89% - Latest price: 9.85 yuan - Deviation rate: 9.78% [1] - Fuyao Glass: - Price change: +10.01% - Turnover rate: 2.85% - Latest price: 61.35 yuan - Deviation rate: 9.01% [1] - Sunrise Orient: - Price change: +10.02% - Turnover rate: 9.10% - Latest price: 10.76 yuan - Deviation rate: 6.98% [1]

Core Viewpoint - China FAW Group has denied knowledge of the rumored acquisition of a 10% stake in Leap Motor, despite previous collaborations between the two companies [1] Group 1: Strategic Cooperation - China FAW and Leap Motor signed a Strategic Cooperation Memorandum on March 3, focusing on joint development of new energy passenger vehicles and component cooperation to enhance product competitiveness [1] - The cooperation includes two dimensions: technology research and development, and capital collaboration, with both parties exploring the feasibility of deepening capital cooperation for resource synergy across the entire industry chain [1] Group 2: Project Development - Leap Motor has been selected as a partner for the Red Flag brand G117 vehicle joint development and platform licensing fee technical procurement project, as announced in the procurement results at the end of March [1] - Leap Motor's financial report indicates that the first collaborative vehicle project with China FAW has been initiated, with ongoing discussions about capital cooperation [1] - The first model jointly developed with Red Flag is reportedly in the development stage, with plans for a launch in the second half of next year utilizing FAW's overseas channels [1]

8月20日，一汽解放大宗交易成交492.54万股，成交额3679.25万元，占当日总成交额的3.29%，成交价7.47元，较市场收盘价 7.54元折价0.93%。 | 交易日期 | 证券代码 | 证券简称 | 成交价格 | 成交量 | 成交金额 (万元) | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | (元) | (万股/万份) | | | | | 2025-08-20 | 000800 | 一汽解放 | 7.47 | 492.54 | 3,679.25 机构专用 | | 光大证券股份有限 | | | | | | | | | 公司长春解放大路 | | | | | | | | | 证券营业部 | ...

证券之星消息，8月20日商用车板块较上一交易日上涨4.48%，江淮汽车领涨。当日上证指数报收于 3766.21，上涨1.04%。深证成指报收于11926.74，上涨0.89%。商用车板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 600418 | 江淮汽车 | 49.66 | 7.00% | 109.39万 | 52.88 Z | | 000800 | 一汽解放 | 7.54 | 6.65% | 142.98万 | 10.83 乙 | | 600066 | 宇通客车 | 27.32 | 4.51% | 24.68万 | 6.62亿 | | 600686 | 金龙汽车 | 12.91 | 2.87% | - 40.13万 | 5.13亿 | | 600006 | 东风股份 | 7.89 | 2.87% | 89.51万 | 7.00亿 | | 000868 | 安凯客车 | 5.98 | 2.40% | 34.58万 | 2.04亿 | | 000957 | 中通客车 | 1 ...

Market Performance - The A-share market experienced a rebound on August 20, with the Shanghai Composite Index rising by 1.04%, the Shenzhen Component Index by 0.89%, and the ChiNext Index by 0.23, all reaching new highs for the year [2] - The total trading volume in the Shanghai and Shenzhen markets exceeded 2.4 trillion yuan, marking the sixth consecutive trading day with volumes above 2 trillion yuan, with over 3,600 stocks rising [2] Sector Performance - The leading sectors included liquor, semiconductors, AI glasses, and minor metals, while sectors such as chemical pharmaceuticals, CRO, and vitamins saw declines [3] Notable Stocks - The STAR Market saw a significant increase of over 3%, with the semiconductor industry chain rebounding across the board. Chipmaker Chipone Technology hit a 20% limit up, reaching a new high since its listing [5] - In the computing power concept stocks, Inspur Information and Qunxing Toys hit the limit up, while companies like Unisplendour, ZTE, and Zhongke Shuguang also saw gains [7] - Cambrian Technology surged over 8%, with its stock price surpassing 1,000 yuan, becoming the second stock in the market to reach this milestone [7] Corporate Developments - Reports indicated that China FAW Group is planning to acquire a strategic stake in Leap Motor, with an initial offer to purchase around 10% of the company's shares [7]

as 7 4 8月20日，据智通财经独家报道，中国一汽正计划入股零跑汽车，成为其战略股东。 智通财经援引知情人士观点称，一汽计划初步要约收购10%左右零跑股份，目前该方案已经在一汽内部相关部门流转推进。同时，零跑与红旗合作的第一款 车型正在开发中，零跑计划利用一汽的海外渠道于明年下半年上市销售。 今年3月，中国一汽与零跑汽车在长春签署了《战略合作谅解备忘录》。根据备忘录，战略合作分两个维度：一是双方充分发挥各自在研发领域的技术积 累，共同开展新能源乘用车联合开发及零部件合作，通过双方的技术融合共同提升产品竞争力；二是双方进一步探讨深化资本合作的可行性，通过资本合 作，使双方实现全产业链资源协同。 零跑汽车发布的中期业绩报告显示，上半年，零跑汽车实现营收242.5亿元，同比增长174%；实现净利润0.3亿元，去年同期净亏损22.1亿元，扭亏为盈。同 时，零跑汽车上半年交付新车221,664台，位居中国新势力品牌销量榜首。 （校对/黄仁贵） ...

Core Viewpoint - The domestic new energy heavy truck market continues to show strong performance, with significant year-on-year growth in sales, particularly in the new energy tractor segment, which has become a dominant player in the market [1][4][29]. Sales Performance - In July 2025, the overall sales of new energy heavy trucks reached nearly 17,000 units, with a year-on-year increase of 152% [4]. - New energy tractors sold approximately 12,700 units in July, marking a year-on-year increase of 195% [4][18]. - The sales of new energy tractors accounted for 75.97% of the new energy heavy truck market in July, slightly down from 77.68% the previous month [6]. Market Share and Growth - From January to July 2025, new energy tractors captured 31.32% of the total tractor sales, significantly higher than the 17.43% share in 2024 [10]. - The market share of new energy tractors has increased by over 15 percentage points compared to the same period last year [6]. Monthly Sales Trends - The monthly sales figures for new energy tractors from March to July 2025 were among the highest in the history of the segment, indicating a strong upward trend [8]. - In July 2025, the overall heavy truck sales reached 64,300 units, with new energy tractors making up 36.15% of the total tractor sales [10]. Fuel Type Distribution - The majority of new energy tractors are pure electric, with 98.42% of the 71,100 units registered from January to July 2025 being electric vehicles [12]. Regional Distribution - New energy tractors have been registered in 30 out of 31 provincial-level regions in China, with Shanghai and Guangdong accounting for over one-third of the market share [14]. Competitive Landscape - In July 2025, the top-selling companies in the new energy tractor market included Jiefang and Xugong, both selling over 2,000 units [20]. - The competitive environment remains intense, with 12 companies selling over 200 units in July, and 6 companies exceeding 1,000 units [18]. Year-to-Date Performance - From January to July 2025, the cumulative sales of new energy tractors reached 71,100 units, representing a year-on-year increase of 251% [24]. - Major players such as Xugong and Jiefang have both sold over 11,600 units, with market shares of 16.34% and 16.31%, respectively [26]. Conclusion - The new energy tractor market has shown remarkable growth, with an average monthly year-on-year growth rate of 267% from January to July 2025, indicating a robust and expanding market [29].