香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 本公告僅供參考，並不構成收購、購買或認購本公司任何證券的邀請或要約。 ZHEJIANG LEAPMOTOR TECHNOLOGY CO., LTD. 浙江零跑科技股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：9863） (1)根據一般授權認購新內資股； 及 (2)建議修訂公司章程 (1) 根據一般授權認購新內資股 於2026年1月6日，本公司與金義高新訂立金義高新內資股認購協議，據 此，本公司已有條件同意向金義高新發行59,964,021股內資股，認購價為每 股內資股認購股份人民幣50.03元（按截至金義高新內資股認購協議日期中 國外匯交易中心受權公布的銀行間外匯市場人民幣匯率中間價1港元兌人民 幣0.90161元的匯率計算，相當於港元55.49元）。內資股認購股份將根據一 般授權發行。 此外，根據本公司日期為2025年12月28日的公告，於2025年12月28日， 本公司與一汽 ...

Core Insights - Chinese automotive brands are rapidly establishing a foothold in the Brazilian market, with nearly 40% representation at the São Paulo International Motor Show, showcasing a significant shift in market dynamics [1][3] - The success of Chinese companies in Brazil hinges on their ability to localize supply chains and enhance after-sales services, addressing past shortcomings [1][4] Group 1: Market Presence and Strategy - The São Paulo International Motor Show marked a collective appearance of Chinese brands, with notable participation from companies like BYD, Great Wall, and Chery, indicating a strong market presence [1][2] - Chinese brands are adopting high pricing strategies, with BYD's Tang L model priced at 399,900 reais (approximately 530,000 RMB), reflecting a shift towards the premium segment [1] - The overall market share of Chinese automotive companies in Brazil has surpassed 10%, establishing them as emerging players in the local automotive industry [3] Group 2: Historical Context and Evolution - The journey of Chinese automotive companies in Brazil can be divided into distinct phases: the initial wave from 2009 to 2014, a rebuilding phase from 2015 to 2020, and a resurgence starting in 2021 [7] - The first wave (2009-2014) was characterized by low-cost strategies and heavy marketing, but faced challenges due to a lack of localization and subsequent government policies that increased import taxes on non-localized vehicles [8][11] - The second phase saw companies like Chery pivoting to local partnerships, which helped improve brand perception and sales, with CAOA Chery achieving a 122% sales increase by 2018 [12] Group 3: Technological and Market Adaptation - The current wave (2021 onwards) is marked by significant capital investment and a focus on local production, with companies like Great Wall acquiring existing factories to establish a manufacturing base [13] - Chinese companies are leveraging advanced technologies in electric and hybrid vehicles, with BYD and Great Wall forming a duopoly in the Brazilian new energy vehicle market [14][20] - The adaptation to local market conditions includes developing vehicles that cater to Brazil's unique energy structure, particularly the prevalence of ethanol as a fuel source [27][28] Group 4: Challenges and Opportunities - The Brazilian automotive market presents challenges such as a highly unequal income distribution and specific consumer preferences for smaller vehicles due to parking constraints [23][24] - Chinese brands are addressing these challenges by offering compact, technologically advanced vehicles that appeal to middle-class consumers, moving away from the low-cost strategy of the past [25] - The Brazilian government's "MOVER" plan aims to stimulate local investment in high-efficiency vehicles, providing a framework for Chinese companies to align their strategies with national goals [29][32] Group 5: Future Outlook - The success of Chinese automotive companies in Brazil will depend on their ability to integrate technology transfer, deepen local market engagement, and enhance supply chain capabilities [33] - The potential for Chinese brands to act as a catalyst for innovation in the Brazilian automotive sector is recognized by the government, which seeks to leverage their presence for broader industrial upgrades [19][32]

Market Performance - The Hong Kong stock market indices closed higher, with the Hang Seng Index rising by 1.38% to 26,710.45 points, the Hang Seng Tech Index increasing by 1.46% to 5,825.26 points, and the National Enterprises Index up by 1.05% to 9,244.24 points [1] - Major technology stocks saw gains, with NetEase up nearly 3%, Kuaishou rising over 2%, and Baidu, Tencent, and JD.com each increasing by over 1% [2] Sector Performance - Insurance and brokerage stocks performed strongly, with China Merchants Securities surging by 12%, and leading firms like CICC and CITIC Securities also seeing significant increases [2] - Gold and precious metal stocks led the gains, with Zhaojin Mining up over 7% and Zijin Mining and Zijin Gold International both rising by over 4% [2] Smart Driving Sector - Smart driving concept stocks experienced a significant surge, with Zhejiang Shibao soaring over 21%, Pony.ai rising nearly 7%, and WeRide increasing by over 4% [4] - Other notable performers in the smart driving sector included Youjia Innovation up by 11.24%, and Hesai Technology up by 5.90% [5] NVIDIA Developments - NVIDIA's CEO Jensen Huang announced the launch of the Alpamayo platform at CES, which enables cars to perform "inference" in the real world, with the first vehicles equipped with this technology expected to hit the roads in the US in Q1, Europe in Q2, and Asia later in the year [6] - The introduction of NVIDIA's new AI platform and open models is anticipated to stimulate demand for autonomous taxis and support global economic growth, according to Citigroup analysts [6]

FF301 第 1 頁 共 11 頁 v 1.1.1 本月底法定/註冊股本總額： RMB 1,421,812,652 證券代號 (如上市) 09863 說明 法定/註冊股份數目 面值 法定/註冊股本 上月底結存 1,131,047,140 RMB 1 RMB 1,131,047,140 增加 / 減少 (-) RMB 本月底結存 1,131,047,140 RMB 1 RMB 1,131,047,140 1. 股份分類 普通股 股份類別 其他類別 (請註明) 於香港聯交所上市 (註1) 否 證券代號 (如上市) N/A 說明 內資股 法定/註冊股份數目 面值 法定/註冊股本 上月底結存 290,765,512 RMB 1 RMB 290,765,512 增加 / 減少 (-) RMB 本月底結存 290,765,512 RMB 1 RMB 290,765,512 呈交日期: 2026年1月6日 致：香港交易及結算所有限公司 公司名稱: 浙江零跑科技股份有限公司 I. 法定/註冊股本變動 FF301 第 2 頁 共 11 頁 v 1.1.1 | 1. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明) ...

Domestic News - The 2026 Spring Festival holiday will allow free highway access for passenger cars with seven seats or fewer from February 15 to February 23, totaling nine days [3] - Hunan Province has optimized parking fees for motor vehicles, encouraging discounts for electric vehicles, with new regulations effective from January 1, 2026 [4] - Guangdong Province supports manufacturing enterprises in the automotive sector to provide internationally competitive services, as part of a broader initiative to enhance digital trade and service quality [5] - Guangzhou has proposed a maximum single-use parking fee of 200 yuan for road parking spaces, with specific exemptions for electric vehicles [6] - GAC Group has signed a comprehensive cooperation framework agreement with Huawei to deepen collaboration on smart vehicle technologies [7] - Leap Motor has opened 85 new stores, bringing its total to 1,068, as part of its strategy to achieve a sales target of one million vehicles by 2026 [8] - Great Wall Motors has introduced the Tank 500 equipped with the Coffee Night Vision system, enhancing night driving safety [9] - The 2026 model of XPeng P7+ has completed trial production in Austria and will launch in Europe on January 9, 2026 [9] International News - The UK saw new car registrations exceed 2 million in 2025, with a 3.5% year-on-year increase, and electric vehicle sales growing by approximately 25% [10] - Hyundai aims for a global sales target of 4.16 million vehicles in 2026, representing an 8% increase from 2025 [11] - Qualcomm and Google have expanded their collaboration to accelerate the integration of AI in automotive technologies, enhancing smart mobility solutions [12] - NVIDIA has launched the Alpamayo automotive model platform, designed for autonomous driving, with plans for integration in vehicles starting in Q1 2026 [13] Commercial Vehicles - Foton Motor has launched new energy models in Singapore, marking its expansion into the Southeast Asian market [14] - FAW Jiefang has commenced the second phase of construction at its Guanghan base, with an investment exceeding 500 million yuan to enhance logistics and production capabilities [15] - Shandong Binzhou has introduced regulatory documents for low-speed autonomous logistics vehicles, aiming to ensure safe and orderly testing and application [16][17] - Geely has launched two new PHEV pickup models tailored for specific environmental conditions, focusing on high-altitude and cold-weather markets [18]

Group 1: Technology Stocks Performance - Technology stocks experienced a broad increase, with SenseTime, Leapmotor, JD Health, and Tongcheng Travel rising over 5%, while XPeng Motors increased by more than 4% [1][2] - Notable gains were also observed in Alibaba Health, Trip.com Group, BYD Electronics, and Horizon Robotics [1] Group 2: Market Indexes - On January 6, the Hang Seng Index rose by 1.38%, and the Hang Seng Tech Index increased by 1.46% [3] Group 3: Insurance Stocks Performance - Insurance stocks showed strength, with China Ping An and Sunshine Insurance both rising nearly 5%, and China Life increasing by over 4% [4] - Other insurance companies such as China Taiping and China Pacific also saw gains [4]

小米汽车，挑战不可能 封面 I 雷军微博 作者I 李东阳 报道 I 李东阳朋友圈 进入2026年，雷军率先向车圈扔下一颗炸雷，其表示小米汽车新的一年全年交付目标为55万辆。 这个数字想必米粉看完流泪，友商看完心碎，雷总本人看完也有些自我陶醉！ 要知道，2025年小米汽车超额交出了超41万辆的成绩单，但长期纠缠在智驾与安全质疑、质量危机、过度营销等各类争议中，雷军是咬着牙完成年度目标 的。 图源：雷军直播截图 何况这场没有硝烟的车圈淘汰赛愈发激烈，留在桌上的玩家往后掏出来的都是看家本领，整个2025年，只有零跑、小鹏、小米三家新势力完成年度交付目 标就足以说明问题。 当然了，雷军是有底气画出大饼的，小米汽车只用一年多的时间就已盈利，超越了部分车企十年都没迈过的门槛；推出的车型接连成为爆款，为后续改款 推出打下了坚实基础。 从交付目标和盈利门槛来看，小米汽车已经少年老成了。 荣耀与考验是共生关系，正所谓"受得了多大赞美，就经得起多大诋毁"。 从话题和讨论度来说，小米绝对是过去一两年里当之无愧的顶流车企，销量端同样一飞绝尘，让那些有几十年历史的车企们一脸懵，顶流光环笼罩下自然 少不了阴影面，小米汽车的质疑与关注度是 ...

每经AI快讯，零跑汽车(09863.HK)午后涨超5%，截至发稿涨5.37%，报50.45港元，成交额4.94亿港元。 ...

Core Viewpoint - Leap Motor (09863) has seen a significant stock increase of over 5%, currently trading at HKD 50.45, with a transaction volume of HKD 494 million [1] Group 1: Store Expansion - Leap Motor has opened 85 new stores recently, bringing the total number of stores to 1,068 as of January 4, 2026, establishing a broad and synergistic sales service network [1] Group 2: Strategic Partnerships - In December 2025, Leap Motor entered a strategic partnership with China FAW Group, with FAW investing HKD 3.744 billion at a premium [1] Group 3: Financial Performance - Huatai Securities reported that Leap Motor has completed a comprehensive self-research and platform construction over the past decade, achieving nearly 600,000 vehicle sales last year and is on track for its first annual profit [1] - The company aims for a sales target of 1 million vehicles this year and a long-term goal of 4 million vehicles [1] Group 4: Future Outlook - From 2025 to 2027, Leap Motor is expected to enter a new global vehicle cycle, with strategic partnerships contributing to incremental growth, leading to rapid revenue growth and a profitability turning point [1]

Core Viewpoint - Leap Motor (09863) has seen a significant stock increase of over 5%, reaching HKD 50.45, with a trading volume of HKD 494 million, following the announcement of new store openings and strategic partnerships [1] Group 1: Company Developments - Leap Motor has opened 85 new stores recently, bringing the total number of stores to 1,068 as of January 4, 2026, establishing a broad and synergistic sales service network [1] - In December 2025, Leap Motor entered a strategic partnership with China FAW Group, with FAW investing HKD 3.744 billion at a premium [1] Group 2: Financial Performance and Projections - According to Huatai Securities, Leap Motor has completed a comprehensive self-research and platform construction over the past decade, achieving nearly 600,000 vehicle sales last year and is on track for its first annual profit [1] - The company aims to sell 1 million vehicles this year and has a long-term target of 4 million vehicles, with expectations of rapid revenue growth and a profitability turning point from 2025 to 2027 due to a new global vehicle cycle and strategic partnerships contributing incremental growth [1]