Core Viewpoint - The automotive sector is experiencing a decline in stock prices, particularly for companies like Xpeng Motors, Great Wall Motors, GAC Group, and Brilliance China, amid regulatory developments in the electric vehicle market [1] Regulatory Developments - The National Market Supervision Administration announced the establishment of an innovative recall regulatory system for new energy vehicles, including a fire incident reporting system and remote upgrade reporting system [1] - A pilot program for automotive safety sandbox regulation is being initiated, alongside efforts to strengthen supervision over product recalls and consistency in production for smart connected and new energy vehicles [1] - The administration is also working on a notification to regulate false advertising, exaggerated claims, and irrational competition in the automotive sector [1] Company-Specific News - In response to the lawsuit filed by the Government of Singapore Investment Corporation (GIC) against NIO, a representative from NIO stated that the case is not new and is unrelated to the company's recent operational status, stemming from a short-selling report by Grizzly Research in June 2022 [1] - The report by Grizzly Research was characterized as baseless, containing numerous errors and misleading conclusions [1]
港股异动 | 汽车股尾盘跌幅扩大 小鹏汽车(09868)领跌板块 市场监管总局称将加强汽车行业相关监管