Core Insights - The digital transformation of the supply chain is fundamentally changing traditional perceptions, shifting from a linear model centered around manufacturers to a collaborative ecosystem built on digitalization [1] - The partnership between Guangyu Mingdao and Geely Holding Group showcases a new model where suppliers are no longer passive recipients of orders but active participants in quality improvement [1][2] Group 1: Supply Chain Transformation - The traditional command-execute relationship between manufacturers and suppliers is being redefined into a digital partnership characterized by shared data, collaborative decision-making, and joint risk management [1] - Guangyu Mingdao's digital system enables seamless data flow across all supply chain stages, enhancing real-time synchronization of changes from sales forecasting to quality tracking [1] Group 2: Strategic Product Offerings - Guangyu Mingdao introduced its core product, the "Factory Brain," which serves as an intelligent hub for enterprise operations, utilizing data and AI to enhance production efficiency and quality control [2] - The comprehensive solution system from Guangyu Mingdao spans seven business lines, covering all aspects of the automotive supply chain, including data governance, logistics, and digital marketing [2]

继广州车展后首次开启交付，埃安UT super在上市首周便迎来千辆交付，其中99%为线上成交，成为近 来新能源小车市场的一匹强势黑马。 12月8日，随着订单喜报释出，京东与广汽埃安又在双12节点同步宣布限时福利加码，推出"9.9元全民 试驾"与"限时免税五重兜底"，为正在观望纯电小型车的消费者带来极具性价比的购车窗口。 三方联手，四大亮点，打造"国民好车" 在十万级纯电小车市场中，埃安UT super常与比亚迪海豚、吉利星愿等车型放在同一赛道比较，但横向 来看，它在续航表现、智能配置以及补能体验上展现出的独特的优势。上市即热、交付即火，并非偶 然，而是源自其自身扎实的产品力。 埃安UT super的诞生，源自一套由京东、广汽和宁德时代共同构建的高度协同体系。京东依托平台庞大 的用户数据，精准洞察十万级小车用户对性价比、实用性和智能体验的真实需求，并将这些洞察直接反 哺产品开发；广汽集团凭借成熟的新能源研发制造体系，为埃安UT super提供稳定可靠的品质保证；宁 德时代则带来了"巧克力换电"技术，让小车用户第一次真正意义上告别补能焦虑。研发、制造、补能三 大体系的合力，使埃安UT super从登场那一刻起，便 ...

Core Viewpoint - Geely Automobile Holdings Limited is progressing towards the completion of its privatization transaction with Zeekr Intelligent Technology Holdings Limited, marking a significant step in its strategy to consolidate operations and enhance market competitiveness [1] Group 1: Privatization Transaction Details - Approximately 70.8% of eligible Zeekr holders opted for share consideration, resulting in the issuance of 777,228,611 shares by Geely Automobile [1] - About 29.2% of eligible Zeekr holders chose or are deemed to have chosen cash consideration, leading to a total cash payment of approximately $701 million by Geely Automobile [1] Group 2: Strategic Implications - The merger transaction is expected to be completed by December 29, 2025, which will establish a solid foundation for Geely Automobile to build cost advantages and enhance brand competitiveness [1] - Geely Automobile aims to achieve comprehensive coverage across mainstream, mid-to-high-end, and luxury segments, creating a diverse power system that includes fuel, pure electric, plug-in hybrid, and hydrogen fuel cell vehicles [1] - The company is focused on strengthening its smart manufacturing and technological innovation capabilities, with a commitment to improving profitability and delivering long-term returns to shareholders [1]

新华财经上海12月9日电（记者王鹤）汽车消费市场11月未现年末"翘尾"行情。中国汽车流通协会乘联 分会8日发布数据显示，11月全国乘用车市场零售222.5万辆，同比下降8.1%，环比下降1.1%。2025年以 来，乘用车累计零售2148.3万辆，同比增长6.1%。车市零售累计增速为1-2月增长1.2%、3-6月增长 15%，7-9月增速徘徊在6%左右，10-11月回落到偏低状态，呈现出高基数下的需求减速特征。 业内人士认为，受前期消费需求提前释放、政策调整及车企销售策略变化等多重影响，市场步入短期阶 段性调整，今年年末车市预计难现"翘尾"行情。 11月汽车市场需求呈现减弱迹象 2026年车市韧性面临挑战 消费政策成为关键变量。即将到来的2026年，国内汽车行业政策将有两项变化：一是新能源汽车将减半 征收购置税，即5%，而此前购置税为零；二是报废和以旧换新补贴有潜在变化，尚不明确。 有观点认为，以往优惠政策年终到期前，都会出现一波"冲刺"型消费，形成年末市场"翘尾"现象，今年 情况有所不同。 中国汽车流通协会分析指出，11月车市步入年度冲刺期，上半月市场表现相对平淡，主要受前期"金九 银十"消费透支影响；同时， ...

Core Insights - Ningbo is undergoing a significant industrial transformation in the manufacturing landscape of the Yangtze River Delta, particularly in the automotive sector, with a focus on electric vehicles (EVs) [1] - The city has achieved a remarkable growth in its automotive manufacturing output, with a total vehicle production of 645,000 units in the first ten months of 2025, including 286,000 units of new energy vehicles (NEVs), marking a 24% year-on-year increase in output value [1][2] - The automotive industry in Ningbo is characterized by a unique "dual-core" structure, featuring both the locally rooted Geely group and the globally recognized SAIC Volkswagen, which complement each other rather than compete [1][2][3] Automotive Manufacturing - SAIC Volkswagen's Ningbo factory is a "star factory" with a production capacity of 300,000 units per year, contributing to one-third of the city's NEV production, and is notable for its flexible manufacturing capabilities [2] - Geely has established a comprehensive ecosystem in Ningbo, including research institutes, core components, and vehicle manufacturing, which enhances efficiency in R&D and production cycles [2][3] - The rapid rise of the Zeekr brand under Geely is attributed to its ability to leverage local engineering resources and manufacturing capabilities, with projected sales of over 220,000 units in 2024 [3] Supply Chain Dynamics - Ningbo hosts over 5,000 automotive parts companies, including 22 national-level champion enterprises and 97 specialized "little giants," making it a hub for automotive supply chains [4][6] - The local supply chain exhibits a high degree of specialization and geographical clustering, resulting in an average coordination response time of just 2.3 hours between vehicle manufacturers and core suppliers [6] - Traditional automotive parts companies are adapting to the NEV wave, with firms like Joyson Electronics and Shenglong actively transitioning to new technologies and business models [4][6] Research and Innovation - Ningbo is investing in future technologies, such as solid-state batteries, with research led by a team at Dongfang University, which has made significant advancements in solid electrolyte materials [7][9] - The development of a new superionic conductor capable of operating at extreme temperatures has the potential to revolutionize solid-state battery applications, garnering international attention [9] - The city is also exploring smart and connected technologies, with initiatives in automated operations at the Meishan Port area, showcasing its ambition to integrate advanced manufacturing with innovative applications [10]

在长三角的制造版图上，宁波正经历一场静默但深刻的产业跃迁。 2025年1-10月，宁波整车产量64.5万辆，其中新能源汽车产量28.6万辆；而在上一年，该市896家规上汽 车制造业实现产值4191.7亿元，同比增长24%，占全市工业规上产值的16%，对工业增长贡献率超 50%，新能源汽车产量占据浙江省四成以上，实现翻倍增长。 然而，数字背后更值得关注的是其独特的产业演化路径：它没有选择追逐单一明星企业的"盆景式"发 展，而是培育了一片根植于本地、枝干分明、协同进化的"热带雨林"。从上汽大众的全球柔性工厂，到 吉利-极氪的本土化垂直整合；从均胜、圣龙等传统零部件巨头的"大象转身"，到东方理工大学孙学良 院士实验室里关乎行业终局的固态电池突破——宁波正在编织一张从应用市场穿透至基础研究的产业创 新网络。 整车制造：双核驱动与"本土根系" 供应链的"冠军集群"与"适应性进化" 如果整车企业是宁波新能源汽车产业的"门面"，那么隐藏在其后的庞大供应链体系则是支撑这一产业 的"脊梁"。宁波拥有超过5000家汽车零部件企业，其中隐藏着大量细分领域的"隐形冠军"。新能源汽车 的浪潮并未冲垮这座传统优势堡垒，反而激发了其强大的 ...

Group 1: Domestic Passenger Car Market Performance - In November, the retail volume of passenger cars in China was 2.225 million units, a year-on-year decrease of 8.1% and a month-on-month decline of 1.1% [1] - Cumulative retail sales from January to November reached 21.483 million units, reflecting a year-on-year growth of 6.1% [1] - The market growth pattern shows fluctuations, with a trend of "high in the front and stable later," indicating a return to normal growth [1] Group 2: New Energy Vehicle (NEV) Market Dynamics - In November, 22 manufacturers achieved monthly NEV wholesale sales exceeding 10,000 units, contributing 94.2% to total NEV sales, with leading brands being BYD, Geely, and Chery [2] - The "second-generation" NEV brands are showing strong growth, with their market share reaching 14.65%, up by 1.1 percentage points year-on-year [2] - The export of NEVs from Chinese brands reached 1.78 million units from January to November, a staggering increase of 139% year-on-year, with NEVs accounting for 40.6% of total exports [3] Group 3: Pricing and Promotion Trends - In November, the number of models with price reductions was 19, a decrease from the previous year, while the average discount for new energy vehicles rose to 10.1%, an increase of 3.1 percentage points year-on-year [4] - The average price reduction for new energy vehicles from January to November was 24,000 yuan, equivalent to 11.7% of the vehicle price [5] - The overall inventory in the industry increased by 60,000 units in November, contrasting with a decrease of 220,000 units in the same month last year [5] Group 4: Future Market Outlook - The expiration of the new energy vehicle purchase tax exemption at the end of the year is expected to boost sales in December, but may lead to challenges in 2026 due to reduced incentives [6] - Analysts predict that total passenger car wholesale sales will grow by approximately 2.9% in 2026, with NEVs being the main growth driver [7] - The competition in the market is expected to intensify with the introduction of 173 new models in 2026, over 90% of which will be NEVs or offer NEV options [7]

Group 1 - The core point of the article is that Geely Automobile announced a share buyback plan, intending to repurchase 1.634 million shares at a total cost of HKD 28.7026 million [1] Group 2 - The buyback will occur on December 9, 2025, with the repurchase price ranging from HKD 17.42 to HKD 17.91 per share [1]

Core Insights - The domestic passenger car retail market in China experienced a decline in November, with retail volume at 2.225 million units, down 8.1% year-on-year and a slight decrease of 1.1% month-on-month. Cumulatively, from January to November, retail sales reached 21.483 million units, reflecting a year-on-year growth of 6.1% [1] - The market dynamics show a pattern of "high at the beginning, stable later, and pressure in the fourth quarter," influenced by high base figures from the previous year and a gradual return to normal growth [1] - The "old-for-new" subsidy policy significantly supported market growth earlier in the year, but its impact is diminishing as subsidies are phased out, leading to a decrease in daily subsidy applications [1] Passenger Car Market Performance - In November, the wholesale sales of new energy vehicles (NEVs) saw 22 manufacturers surpassing 10,000 units, contributing 94.2% to total NEV sales, indicating a concentration in the market [2] - Major domestic brands like BYD, Geely, and Chery led the sales, with respective volumes of 475,000, 188,000, and 112,000 units [2] - The "second-generation" new energy brands are gaining momentum, with their market share reaching 14.65%, up 1.1 percentage points year-on-year [2] Export Trends - November marked a record high for passenger car exports at 601,000 units, a significant year-on-year increase of 52.4%. Domestic brands accounted for 525,000 units of this total [3] - Cumulatively, from January to November, exports of domestic brand NEVs reached 1.78 million units, a staggering increase of 139% year-on-year, with NEVs making up 40.6% of total exports [3] - The structure of NEV exports is improving, with the share of plug-in hybrid vehicles rising from 26% to 42% year-on-year [3] Promotional Activities and Market Dynamics - The anticipated year-end "tail effect" in the market did not materialize, although promotional activities remain strong, particularly for traditional fuel vehicles and NEVs [4] - In November, the average promotional discount for traditional fuel vehicles was stable at 24%, while NEVs saw an increase in promotional intensity, averaging 10.1% [4] - The average price reduction for new NEVs from January to November was 24,000 yuan, equating to 11.7% of the vehicle price [4] Inventory and Market Outlook - Due to weak retail performance in November, overall industry inventory increased by 60,000 units, contrasting sharply with a decrease of 220,000 units in the same month last year [5] - The inventory warning index for automotive dealers rose to 55.6%, indicating a decline in industry prosperity [5] - Looking ahead, the expiration of the NEV purchase tax exemption is expected to boost December sales but may create pressure for 2026, potentially leading to a "micro-growth" phase in the domestic market [6] Future Projections - Analysts predict that total passenger car wholesale sales will grow by approximately 2.9% in 2026, with NEVs expected to drive this growth with a projected increase of 19% [7] - The competitive landscape is set to intensify with 173 new models expected to launch, over 90% of which will be NEVs or offer NEV options [7] - The domestic market may enter a deep adjustment phase in 2026, with globalization becoming a critical factor for future automotive company trajectories [7]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 吉利汽車控股有限公司 呈交日期： 2025年12月9日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | | 股份類別 不適用 | | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 00175 | 說明 | | | | | | | | | 多櫃檯證券代號 | 80175 | RMB 說明 | | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 事件 ...