Group 1: Regulatory Developments - The Ministry of Industry and Information Technology is soliciting public opinions on five mandatory national standards, including "Safety Requirements for Autonomous Driving Systems in Intelligent Connected Vehicles," with a deadline for feedback set for April 13, 2026 [1] Group 2: Automotive Industry Trends - The majority of key automotive companies have reduced their payment terms to within 60 days, with an average payment term of approximately 54 days, which is a reduction of about 10 days compared to the same period last year [2] - In January, the retail sales of passenger cars in China reached 1.544 million units, representing a year-on-year decline of 13.9% [2] - Xiaomi Auto supports the "Automotive Industry Pricing Behavior Compliance Guidelines," aiming to eliminate price fraud and unfair competition [2] - Great Wall Motors expresses full support for the "Automotive Industry Pricing Behavior Compliance Guidelines," emphasizing long-termism and compliance [3] Group 3: Corporate Developments - Guangzhou Automobile Group Technology Co., Ltd. increased its registered capital from approximately 96.99 million RMB to about 120 million RMB, marking an increase of around 25% [4] - BAIC New Energy established Yuanjing Intelligent Technology Co., Ltd. with a registered capital of 5 million RMB, focusing on engineering and technology research, IoT application services, and AI software development [5] - Pony.ai has been included in the MSCI China Index, becoming the first and only autonomous driving company in this index [6] - Geely International Hong Kong Limited purchased nearly 1.45 million shares of Volvo Cars at approximately 23.99 SEK per share, totaling about 5.84 million shares acquired between February 6 and 11 [7] Group 4: Financial Performance - Mercedes-Benz Group reported a revenue of 132.2 billion euros for 2025, a year-on-year decline of 9%, with adjusted EBIT down by 40% to 8.2 billion euros [11] - Nissan Motor Company reported a net loss of 28.3 billion yen for the third quarter, with net sales of 3 trillion yen and an expected annual net loss of 650 billion yen [12] - Nissan plans to set its global production target for 2026 at approximately 3.05 million units, maintaining the same level as the 2025 forecast despite ongoing sales challenges [13]

Group 1 - Nissan Motor's stock price increased by 4.7% on February 13 [1]

新华社东京2月12日电（记者刘春燕 李诗萌）日本日产汽车公司12日发布财报说，受美国加征关税等多 重因素影响，预计2025财年（2025年4月至2026年3月）公司将出现6500亿日元（1美元约合153日元）的 净亏损。 ...

新华财经东京2月12日电（记者刘春燕李诗萌）日产汽车公司12日发表财报称，受多重因素影响，预计 2025财年（2025年4月至2026年3月）公司将出现6500亿日元巨额亏损。 （文章来源：新华财经） 财报预计，2025财年日产全球销量将降至320万辆，销售额为11.9万亿日元。纯利润方面，由于全球销 量下滑、大幅裁员产生巨额费用，美国关税政策令公司盈利受到严重挤压，预计公司将产生6500亿日元 净亏损。2024财年日产汽车净亏损额为6709亿日元。 2024财年上半财年（24年4月至9月）日产公司经营即陷入恶化，净利润同比骤降约94%。2025年3月日 产决定对公司高层进行重大调整，时任社长内田诚被迫辞职。2025年5月日产宣布将在全球范围内关闭7 家工厂、裁员2万人。 ...

Core Viewpoint - BYD and Geely are among the final bidders for the Nissan-Benz factory in Mexico, with VinFast also making the shortlist [1] Group 1: Bidders - The final bidders include BYD, Geely, and VinFast [1] - Other companies that previously expressed interest include Chery and Great Wall Motors [1] - None of the companies, including BYD, Geely, Chery, Great Wall, and VinFast, have commented on the bidding process [1]

Group 1 - BYD and Geely are reportedly bidding for the Nissan-Benz automotive plant in Mexico, with Chery and Great Wall Motors also expressing interest in the acquisition [1] - The plant is scheduled to close in May 2026, and BYD has been identified as a leading potential buyer since late last year [1] - The acquisition could leverage the benefits of the USMCA agreement, allowing localized production to avoid high tariffs in the US [1]

Core Insights - The Japanese carmaker reported a net loss of 28.3 billion yen, which is approximately $184.6 million, for the three months ending in December [1] Financial Performance - The net loss of 28.3 billion yen indicates a significant financial challenge for the company during this period [1]

Core Insights - Nissan Motor reported a 44% decline in third-quarter operating profit, amounting to 17.5 billion yen ($114.37 million) [1] - This performance is significantly lower than the average analyst estimate of an 81 billion yen loss and a 31.1 billion yen profit in the same quarter last year [1] Financial Performance - The operating profit of 17.5 billion yen represents a substantial decrease compared to the previous year's profit of 31.1 billion yen [1] - The decline in profit is attributed to intense competition in key markets, particularly the U.S. and China [1]

Core Viewpoint - Nissan Motor reported an operating profit of 17.55 billion yen for the third quarter, contrasting with an estimated loss of 61.79 billion yen [1] Group 1 - Nissan's operating profit for the third quarter was 17.55 billion yen [1] - The company had previously forecasted a loss of 61.79 billion yen [1]

丰田同比增长6.6%，达14万5500辆。销量时隔4个月增长。2025年改款的SUV"卡罗拉Cross"等销售良 好。在EV方面，增加了SUV"bZ3X"和"bZ5"等产品线，EV销量增长70.9%，达6400辆。 日产增长10.1%，增至5万24辆。2025年升级了燃油轿车"天籁"。搭载华为的"智能座舱"，吸引了年轻顾 客群，增加了销量。 本田下降16.5%，降至5万7489辆。与同比减少4成的2025年12月相比，降幅缩小，但仍受到与中国车企 激烈竞争的影响。 中国政府从2026年1月开始，将购买EV等新能源车的车辆购置税减免额缩小到一半。汽车以旧换新补贴 制度等也在调整，有大型车企认为，"很多有意购车的消费者在观望政策动向"。 丰田销量时隔4个月增长。2025年改款的卡罗拉Cross等销售良好。在EV方面，增加了bZ3X和bZ5等产 品线，EV销量增长70.9%。日产2升级了天籁，搭载华为的智能座舱，增加了销量…… 2月9日，日本三大汽车制造商1月在华新车销售情况全部出炉。虽然中国纯电动汽车（EV）的销售补贴 政策有所改变，但丰田和日产汽车由于车型升级和新车型投放产生效果，实现了增长。本田的EV等没 有 ...