Group 1: Regional Competition Landscape - The major representative enterprises in China's hybrid vehicle industry are primarily located in first-tier cities such as Beijing, Shanghai, Guangzhou, and Shenzhen, with foreign car manufacturers focusing their operations in Beijing and Shanghai [1] - New energy vehicle manufacturers are distributed across Beijing, Shanghai, and Guangdong, while there are a few hybrid vehicle manufacturers in inland regions like Chongqing, Anhui, and Guangxi [1] - Overall, the hybrid vehicle industry in China shows vibrant development in first-tier cities and developed regions [1] Group 2: Submarket Competition - Oil-Electric Hybrid Vehicles - The Japanese models dominate the oil-electric hybrid vehicle market in China, with the Camry achieving sales of approximately 11,400 units and the Sienna around 8,100 units in August 2024 [3] Group 3: Submarket Competition - Plug-in Hybrid Vehicles - In 2024, BYD leads the sales of plug-in hybrid vehicles in China with approximately 1.9 million units sold, while other brands have sales below 150,000 units [4] Group 4: Submarket Competition - Range-Extended Electric Vehicles - In 2024, the top sellers in the range-extended electric vehicle market are Li Auto and AITO, with sales of 490,000 units and 360,000 units respectively, while other brands have relatively low sales [8] Group 5: Industry Competition Status Summary - The hybrid vehicle industry exhibits significant first-mover advantages for leading companies, with intense market competition [9] - The upstream suppliers are primarily raw material and component manufacturers, with an overall average bargaining power [9] - The demand for hybrid vehicles is categorized into commercial and passenger vehicles, with commercial hybrid vehicle demand being less than 1% and passenger vehicle demand growing rapidly [9] - The hybrid vehicle industry is technology-intensive with strict market entry mechanisms, resulting in low threats from potential entrants [9] - Hybrid vehicles serve as a transitional product from gasoline vehicles to cleaner fuel vehicles, with hybrid technology likely to be the most widely adopted in the future [9]

Core Viewpoint - The research on hybrid vehicles in China has shown a declining trend in the number of related academic papers from 2016 to 2024, with a projected total of 272 papers in 2024, indicating a decrease in research interest in this field [3]. Group 1: Definition and Market Trends - Hybrid vehicles are defined as vehicles that utilize two or more power sources, specifically combining traditional internal combustion engines with electric power sources [1]. - The increasing environmental awareness and rising fuel prices have led to a growing consumer preference for hybrid vehicles, which are categorized into three main types: Plug-in Hybrid Electric Vehicles (PHEV), Hybrid Electric Vehicles (HEV), and Range-Extended Electric Vehicles (REEV) [1]. Group 2: Research Output and Institutions - Higher education institutions are the primary contributors to the literature on hybrid vehicles, with Jilin University leading by publishing 410 related papers [5]. - The overall research output in the hybrid vehicle sector has been declining, with a notable drop in the number of papers published in recent years [3]. Group 3: Research Themes and Disciplines - Hybrid technology is identified as a popular research theme within the hybrid vehicle sector, alongside control strategies and HEV-related studies [8]. - The automotive industry is recognized as a key research discipline in the hybrid vehicle field, with significant contributions also coming from industrial economics and electric power industries [9].

证券代码：000625、200625 证券简称：长安汽车、长安 B 重庆长安汽车股份有限公司投资者关系活动记录表 编号：2025-10 | 投资者关系活 动类别 | □特定对象调研 □分析师会议 | | --- | --- | | | □媒体采访 ■业绩说明会 | | | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他（请文字说明其他活动内容） | | 参与单位名称 | 通过"长安汽车官方视频号"、"全景路演"、"东方财富路 | | 及人员姓名 | 演中心" 、"华泰证券行知"、"价值在线"、"路演中"、 | | | "同花顺路演平台"、"万得 会议"、"进门财经"参加 3C | | | 年度业绩说明会的投资者 | | 时间 | 2025 年 04 月 11 日 | | 地点 | 1.长安汽车官方视频号 | | | 2.全景路演：http://rs.p5w.net | | | 3.东方财富路演中心：http://roadshow.eastmoney.com/ | | | 4.华泰证券行知：http://inst.htsc.com | | | 5.价值在线：http://www.ir-on ...

Core Points - Chongqing Changan Automobile Co., Ltd. will disclose its 2024 annual report on April 11, 2025 [1] - The company will hold a performance briefing on the same day from 15:00 to 16:40 via video live stream and interactive text format [1] - Key personnel attending the briefing include Chairman Zhu Huarong, Deputy Secretary Tan Benhong, Chief Accountant Zhang Deyong, Independent Director Yang Xinmin, and other senior management [1] Investor Engagement - The company is inviting investors to submit questions in advance to enhance the relevance of the communication [2] - Investors can access the question collection page through a specified URL or QR code [2] - The company will address commonly asked questions during the performance briefing [2]

Group 1: Product Highlights - The Q07 model is positioned as a smart SUV for families, featuring dimensions of 4837mm x 1920mm x 1690mm and a wheelbase of 2905mm, providing the largest interior space in its class with a space utilization rate of 86% [1] - The Q07 includes a 763L dual-layer trunk capable of holding 12 pieces of 20-inch luggage, emphasizing its spaciousness [1] - It is built on the SDA architecture and features the industry's only laser radar for advanced driving assistance, including highway navigation and intelligent parking [1] Group 2: Future Product Plans - Over the next three years, the company plans to launch 35 new smart vehicles, including 10 models from Changan Yuyuan and 10 from Deep Blue, as well as 7 from Avita [2] - The upcoming models will include small and medium SUVs, large MPVs, compact sedans, and new rugged vehicles [2] Group 3: Battery Development - Changan is advancing its next-generation battery technology, with the solid-state battery expected to debut by the end of the year, achieving a density of 400wh/kg and a range exceeding 1500 km [2] - The solid-state battery aims to enhance safety by 70% through AI remote diagnostics, addressing safety concerns associated with liquid batteries [2] Group 4: Smart Technology Initiatives - The company is focusing on smart technology, with plans to implement intelligent driving, smart cockpits, and intelligent chassis under the SDA platform [2][3] - Key features include advanced safety measures, such as collision avoidance in extreme conditions and enhanced driving dynamics through distributed electric drive [3] - The company aims for 100% AI penetration in the cockpit, introducing AI-driven services for improved user interaction and experience [3]

Sales Performance - In February 2025, Changan Automobile sold 161,435 vehicles, with 39,650 of those being new energy vehicles, representing a year-on-year increase of 68.4% [1] - Overseas sales in February reached 47,521 units, showing a year-on-year growth of 15.5% [1] - Breakdown of sales by brand: - Changan Inertia: 69,143 units - Changan Qiyuan: 7,931 units (cumulative deliveries exceeded 200,000) - Changan Kaicheng: 19,294 units - Deep Blue: 18,738 units - Avita: 5,182 units - Changan Ford: 11,991 units - Changan Mazda: 3,800 units [1] Product Highlights - The Qiyuan Q07 is positioned as a family-oriented smart SUV, featuring dimensions of 4,837mm x 1,920mm x 1,690mm and a wheelbase of 2,905mm, offering the largest interior space in its class with a space utilization rate of 86% [2] - The Q07 includes a 763L dual-layer trunk capable of holding 12 pieces of 20-inch luggage and has 33 storage compartments [2] - It is built on the SDA architecture and features the only laser radar in its class, enabling advanced driving assistance functions [2] - The Q07 is equipped with a unique CDC intelligent suspension system and a new Blue Whale 3.0 hybrid system, achieving a thermal efficiency of 44.28% and a fuel consumption of 3.9L/100km (NEDC) [2] Battery Development - Changan is advancing its next-generation battery research, with the solid-state battery expected to debut by the end of 2025, followed by vehicle verification in 2026 and gradual mass production in 2027 [3] - The solid-state battery will have an energy density of 400wh/kg and a range exceeding 1,500 km, improving safety by 70% through AI remote diagnostics [3] Global Expansion Plans - Changan's "Sea of Stars" global strategy aims to enhance local operational capabilities and contribute to local economies [4] - Key initiatives for 2025 include: - Launching the Rayong factory in Southeast Asia, marking the entry into the 2.0 phase of globalization - Hosting a brand launch in Europe - Initiating KD projects in the CIS region (e.g., Kazakhstan, Uzbekistan) - Establishing a subsidiary in Brazil - Fully introducing the CHANGAN, DEEPAL, and AVATR brands in the Middle East and Africa [4][5]

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。 特别提示： 1．公司 A 股限制性股票激励计划首次授予部分第三个解除限售期符合解除限售 条件的激励对象共计 1,132 人，本次申请解除限售的激励对象共计 1,118 人，解除限 售的限制性股票数量为 41,323,353 股，占目前公司总股本的 0.4168%。 2．本次解除限售股份上市流通日：2025 年 3 月 5 日。 证券代码：000625(200625) 证券简称：长安汽车（长安 B） 公告编号：2025-14 重庆长安汽车股份有限公司 关于 A 股限制性股票激励计划首次授予部分第三个解除限售期 解除限售股份上市流通的提示性公告 一、A 股限制性股票激励计划已履行的相关审批程序 1．2020 年 7 月 13 日，公司第八届董事会第二次会议、第八届监事会第二次会 议审议通过了《关于审议<公司 A 股限制性股票激励计划（草案）>及其摘要的议案》 《关于审议<公司 A 股限制性股票激励计划实施考核管理办法>的议案》等议案。公 司独立董事就激励计划发表了同意的独立意见。 2．2020 年 7 月 29 日至 ...

关于联营企业对外投资的进展公告 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 陈述或者重大遗漏。 一、项目概述 2023年11月25日，重庆长安汽车股份有限公司（以下简称"长安汽车"）与华为 技术有限公司（以下简称"华为"）签署了《投资合作备忘录》，华为拟设立一家从 事汽车智能系统及部件解决方案研发、设计、生产、销售和服务的公司（以下简称"目 标公司"），长安汽车及其关联方拟投资该目标公司并开展战略合作，双方共同支持 目标公司成为立足中国、面向全球、服务产业的汽车智能系统及部件解决方案产业领 导者。详细内容见长安汽车于2023年11月27日披露的《关于签署<投资合作备忘录> 的公告》（公告编号：2023-80）。2024年1月16日，华为已完成目标公司的注册，名 称为深圳引望智能技术有限公司（以下简称"引望"）。 证券代码：000625(200625) 证券简称：长安汽车（长安 B） 公告编号：2025-13 重庆长安汽车股份有限公司 2．第二期转让价款支付情况 截至本公告披露日，《股权转让协议》约定的第二期付款先决条件已满足，各方 确定以2025年2月28日为本次交易的交割 ...

Group 1: Battery Development - Changan Automobile is advancing the next-generation battery research, with the all-solid-state battery expected to debut by the end of 2025, achieving vehicle installation certification by 2026, and gradual mass production by 2027 [1] - The all-solid-state battery will have an energy density of 400 wh/kg, providing a range of over 1500 km on a full charge, significantly alleviating range anxiety [1] - Safety improvements of 70% are anticipated through AI remote diagnostics, addressing safety concerns associated with liquid batteries [1] Group 2: New Product Planning - Over the next three years, Changan plans to launch 35 new smart vehicles, including 10 models from Changan Qiyuan (small SUVs, medium SUVs, and MPVs), 10 models from Deep Blue (compact sedans and large SUVs), and 7 models from Avita (mid-to-large SUVs and sedans) [1] Group 3: Global Market Strategy - In 2025, Changan will implement its "Haina Baichuan" global strategy, focusing on long-termism and localism, with five key regional operational capabilities [2] - Specific plans include the launch of the Rayong factory in Southeast Asia, a brand launch event in Europe, production of KD projects in the CIS region, establishment of a subsidiary in Brazil, and full introduction of brands in the Middle East and Africa [2] - Avita 11 and Avita 12 were launched in Qatar on February 22, enhancing Avita's presence in the Middle East [2] Group 4: Smart Technology Development - Changan is prioritizing smart technology investments, with initiatives under the SDA platform and Tian Shu model, including intelligent driving ("Tian Shu Smart Drive"), intelligent cockpit ("Tian Yu Cockpit"), and intelligent control chassis ("Tian Heng Chassis") [2][3] - The company aims to provide extreme safety with advanced perception capabilities, launching features like collision avoidance in extreme conditions and night vision capabilities in August [3] - The intelligent cockpit will achieve 100% AI penetration, with the Tian Shu model enabling natural language understanding for enhanced user interaction [3]

证券代码：000625(200625) 证券简称：长安汽车（长安 B） 公告编号：2025-11 重庆长安汽车股份有限公司 关于 A 股限制性股票激励计划第三个解除限售期 解除限售条件成就的公告 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。 特别提示： 1．本次符合解除限售条件的激励对象共计 1,466 人，可解除限售的限制性股票 数量为 49,822,209 股，占目前公司总股本的 0.5025%，具体以中国证券登记结算有限 责任公司深圳分公司实际登记数量为准。 2．本次限制性股票在相关部门办理完解除限售手续后、上市流通前，公司将发 布相关提示性公告，敬请投资者注意。 重庆长安汽车股份有限公司（以下简称"公司"）于 2025 年 2 月 21 日召开第九 届董事会第三十八次会议、第九届监事会第十一次会议，审议通过了《关于 A 股限 制性股票激励计划第三个解除限售期解除限售条件成就的议案》，公司 A 股限制性 股票激励计划首次授予部分和预留授予部分第三个解除限售期解除限售条件已成就。 现就有关事项公告如下： 一、已履行的相关审批程序 1．2020 年 7 月 ...