SERES(SH:601127) Zhong Guo Zhi Liang Xin Wen Wang·2025-09-29 10:05Group 1: Industry Dynamics - In the last week of September, the domestic automotive market saw significant developments including policy releases, market sales, quality supervision, and corporate actions [1] - The Ministry of Industry and Information Technology reported that the penetration rate of passenger cars equipped with combined driving assistance systems exceeded 60% [1][3] - From January to July, the sales of new passenger cars with combined driving assistance systems reached 7.76 million units, marking a penetration rate of 62.6%, an increase of 5.7 million units and 40 percentage points compared to the same period in 2021 [3] Group 2: Policy and Standards - The Ministry of Industry and Information Technology is soliciting public opinions on the mandatory national standard for "Automotive Door Handle Safety Technical Requirements" and three amendments to existing standards, with a deadline for feedback set for November 22, 2025 [4] - The Ministry of Commerce and eight other departments issued guidelines to promote the development of digital consumption, including trials for the access and road use of intelligent connected vehicles [3] Group 3: Market Performance - The China Passenger Car Association reported that retail sales of passenger cars from September 1 to 21 reached 1.191 million units, a year-on-year increase of 1% and an 8% increase compared to the previous month [6] - During the same period, retail sales of new energy vehicles reached 697,000 units, a year-on-year increase of 10% and an 11% increase compared to the previous month, with a cumulative retail of 8.267 million units for the year, up 24% year-on-year [6] Group 4: Quality Supervision - The State Administration for Market Regulation announced its first special inspection of the quality of new energy vehicle products to prevent low-price and low-quality risks in the industry [6] Group 5: Corporate Actions - Seres announced that it received approval from the China Securities Regulatory Commission for the issuance of H-shares, planning to issue up to 331,477,235 shares for listing on the Hong Kong Stock Exchange [8][9] - Mercedes-Benz and Momenta announced a collaboration to develop a new generation of intelligent driving assistance systems, which will debut in the new electric CLA model this autumn [11]