Zhi Tong Cai Jing·2025-10-17 07:29Group 1 - The automotive stocks experienced a significant decline, with Xpeng Motors down 4.83% to HKD 78.8, Great Wall Motors down 4.02% to HKD 14.81, GAC Group down 3.5% to HKD 3.31, and Brilliance China down 2.8% to HKD 3.82 [1] - The National Market Regulation Administration announced the establishment of an innovative recall regulatory system for new energy vehicles, which includes a fire accident reporting system and a remote upgrade reporting system [1] - A notification is being drafted to strengthen the supervision of product recalls and production consistency for intelligent connected and new energy vehicles, aiming to regulate false advertising and irrational competition [1] Group 2 - NIO responded to the lawsuit from the Government of Singapore Investment Corporation (GIC), clarifying that the case is not new and is based on unfounded allegations from a short-selling report by Grizzly Research LLC from June 2022 [1] - The report by Grizzly Research contained numerous errors and misleading conclusions, which NIO claims are baseless [1]