Group 1: Event Overview - The 2025 International Motor Show in Munich, themed "'Moving' Everything," attracted around 750 exhibitors from over 30 countries, with 116 exhibitors from China, marking a historical high in participation [1] - The event showcased a shift towards electric, intelligent, and low-carbon mobility, reflecting the global automotive industry's transformation [1][2] Group 2: Electric Vehicle Trends - The International Energy Agency's report indicates that global electric vehicle sales surpassed 4 million units in Q1 2023, with an expected annual total exceeding 20 million units, a 25% increase year-on-year, representing 25% of global new car sales [2] - By 2030, the number of public charging stations is projected to increase nearly eightfold to approximately 40 million [2] Group 3: Innovations from Major Automakers - Major automakers like BMW, Mercedes, and Volkswagen are focusing on electric and intelligent development, with BMW's new iX3 model capable of over 900 km range and rapid charging [2][3] - Volkswagen introduced the ID Polo electric vehicle priced at €25,000, while Mercedes launched the GLC electric model with smart driving assistance [2] Group 4: Chinese Brands and Technologies - Chinese exhibitors showcased innovations in vehicle manufacturing, battery production, and intelligent driving software, with BYD presenting models like the Seal 06DM-i and the Z9GT, along with rapid charging technology [4][6] - GAC Group debuted its global strategic models AION V and AION UT, along with a mass-produced autonomous flying car [5] Group 5: Battery Technology Advancements - EVE Energy displayed high-density eVTOL batteries with a discharge rate of 14C and a density of 288 Wh/kg, while CATL introduced the NP3.0 technology platform for lithium iron phosphate batteries [6] - The Chinese automotive industry is experiencing significant growth in exports, with 3.083 million vehicles exported in the first half of 2025, a 10.4% increase, and 1.06 million of those being new energy vehicles, up 75.2% [6] Group 6: International Collaboration - The automotive industry is highly globalized, with German automakers relying on international supply chains and partnerships, as highlighted by the collaboration between Chinese and European companies [7][8] - Companies like Bosch and ZF are leveraging their presence in China to support local manufacturers in expanding their global reach [8]

Group 1: Event Overview - The 2025 Munich International Motor Show, themed "'Moving' Everything," took place from September 9 to 14, attracting around 750 exhibitors from over 30 countries, with 116 Chinese exhibitors, marking a historical high in participation [2][3] - The event showcased the global shift towards electric, intelligent, and low-carbon mobility, with significant attention on new products and technologies from Chinese companies [2][5] Group 2: Industry Trends - The International Energy Agency's report indicates that global electric vehicle sales surpassed 4 million units in Q1 2025, with an expected annual total exceeding 20 million units, representing a 25% year-on-year increase and accounting for 25% of global new car sales [2] - By 2030, the number of public charging stations worldwide is projected to increase nearly eightfold to approximately 40 million [2] Group 3: Innovations and Technologies - Major automotive manufacturers like BMW, Mercedes, and Volkswagen are focusing on electric and intelligent development, with BMW showcasing the new iX3 model capable of over 900 km range and rapid charging [3][4] - Bosch and ZF presented advanced driver assistance systems and software-defined vehicle solutions, highlighting the integration of cutting-edge technology in automotive design [4][8] Group 4: Chinese Brands and Contributions - Chinese exhibitors, including BYD and GAC Group, showcased innovative models and technologies, such as BYD's ultra-fast charging technology and GAC's first mass-produced flying car [5][6] - BYD announced plans to establish a factory in Hungary by 2025, emphasizing its commitment to the European market and localizing production and services [5][6] Group 5: International Collaboration - The automotive industry is characterized by high globalization, with German companies relying on global supply chains and partnerships with Chinese firms for technological innovation and product development [7][8] - Companies like CATL and EVE Energy are focusing on localizing production in Europe, with CATL investing in a testing center in Germany to support green transformation efforts [7][8]

Core Insights - The global electric vehicle (EV) market is experiencing significant growth, with sales expected to exceed 20 million units in 2023, a 25% increase year-on-year, accounting for 25% of global new car sales [1][4] - The Munich Motor Show showcases the shift towards electrification and smart technology in the automotive industry, with major manufacturers and suppliers focusing on innovative solutions [1][2][4] Group 1: Electric Vehicle Market Trends - The International Energy Agency predicts that the number of public charging stations will increase nearly eightfold by 2030, reaching approximately 40 million [1] - Major automotive brands like BMW, Mercedes, and Volkswagen are unveiling new electric models and technologies, emphasizing the importance of sustainability and connectivity in future mobility [1][4] Group 2: Chinese Brands and Innovations - Chinese exhibitors at the Munich Motor Show are showcasing advancements in electric vehicle manufacturing, battery production, and smart driving software, with a record participation of 116 companies [4][6] - BYD's new models and its fast-charging technology, which allows for 2 kilometers of range in just 1 second of charging, highlight the company's commitment to the European market [3][6] Group 3: Industry Collaboration and Innovation - The automotive industry is increasingly characterized by global collaboration, with German and Chinese companies working together on technology innovation and supply chain cooperation [7] - Companies like CATL and EVE Energy are focusing on localizing production in Europe, enhancing their competitive edge and supporting the region's green transition [7][6]

Core Viewpoint - The company aims to leverage opportunities in the automotive industry's electrification, intelligence, and low-carbon development by establishing an investment fund to enhance its industry strength and core competitiveness while strengthening partnerships with strategic clients like BMW [2] Group 1: Investment Fund Details - The company plans to invest 240 million yuan as a limited partner in the establishment of an investment fund, collaborating with several partners including BMW China and others [2] - The total subscribed capital for the investment fund is 800 million yuan, with contributions from various partners in cash [2] - The investment focus will primarily be on the automotive industry chain, particularly in areas such as electrification, intelligence, and low-carbon initiatives [2] Group 2: Partner Contributions - BMW China will contribute 220 million yuan, while Shinhua Holdings will contribute 200 million yuan [2] - Other partners include Shenyang Automotive Shengyu with 102 million yuan and Liaoyue Fund with 202 million yuan [2] - The general partners and executive partners, Yuke Mother Fund and Shenyang Automotive New Wisdom, will each contribute 8 million yuan [2]

中证报中证网讯（记者 李嫒嫒）当地时间9月10日，2025世界新能源汽车大会慕尼黑专场活动在慕尼黑 会展中心举办。本次活动由中国汽车工程学会、德国汽车工业协会等主办，围绕"产业转型下的中德合 作新阶段"主题展开。 德国汽车工业协会主席穆希雅表示，中德汽车产业正通过深度协作应对全球挑战，共同引领电动化与智 能化技术变革。德国汽车工业凭借其百年积淀形成的全球化布局优势，与中国汽车产业迸发的创新活力 形成互补，这种深度融合已构建起兼具技术纵深与市场广度的产业生态圈。双方在电动化、自动驾驶、 人工智能等领域的合作，为全球汽车产业可持续发展树立标杆，其示范效应将加速推动全球交通领域的 绿色转型与产业升级。 中国汽车工程学会副理事长兼秘书长侯福深表示，回顾历史，中德汽车产业合作成为全球汽车产业携手 共进、合作共赢的典范。当前，以人工智能等为代表的前沿技术正加速重塑全球汽车产业，低碳化、电 动化、智能化深度交叉融合成为产业发展的主要方向。 "面向未来，把握技术发展趋势、合理选择技术路线、高效整合跨领域创新资源，构建有竞争力的创新 生态将成为我们共同面临的挑战。中国汽车工程学会将继续为中德两国汽车产业界、科技界搭建交流合 作 ...

"投资不过山海关"的魔咒正在被打破。 据悉，这只投资基金的管理人为粤科母基金，执行事务合伙人为粤科母基金、沈汽新致，有限合伙人为 宝马中国、金杯汽车、申华控股、沈汽晟驭、辽粤基金。鉴于执行事务合伙人沈汽新致及有限合伙人 中，申华控股、沈汽晟驭与公司为同一控制人控制，本次参与设立投资基金构成关联交易。投资基金存 续期7年，其中投资期4年，退出期3年。投资范围主要聚焦于汽车产业链，重点关注电动化、智能化、 低碳化等方向。投资行业包括但不限于电子信息、新材料、新能源、高端制造等。合伙企业的认缴出资 额分四期实缴到位，具体时间分别为2025年9月、2026年1月、2027年1月和2028年1月，每期实缴出资比 例为25%。 宝马中国与东北老牌车企金杯汽车联手，共同出资设立产业基金，剑指电动化、智能化、低碳化新赛 道。 这一合作不仅标志着传统整车巨头从"甲方"变"LP"，更释放出产业资本深度绑定地方国资、共筑供应链 安全新信号。东北，正试图用"政府母基金+产业场景"的新公式，把昔日老工业基地变成硬科技项目 IPO的跳板。当医疗、军工光电、氢能、工业软件等细分赛道开始冒头，东北一级市场能否借此逆袭？ 下场做LP 金杯和宝 ...

Core Viewpoint - The company, Jinbei Automotive Co., Ltd., plans to invest 240 million RMB as a limited partner in the establishment of the Shenyang Automotive Industry Investment Fund, representing 30% of the total subscribed capital of the fund, which amounts to 800 million RMB [2][4][28]. Group 1: Investment Fund Overview - The fund will focus on the automotive industry, particularly in areas such as electrification, intelligence, and low-carbon development, with investments in sectors including electronic information, new materials, new energy, and high-end manufacturing [30][34]. - The fund's management will be handled by Guangdong Yueke Mother Fund Investment Management Co., Ltd., with the execution partner being both Yueke Mother Fund and Shenyang Qixin Management Co., Ltd. [2][28]. - The fund's duration is set for 7 years, with a 4-year investment period and a 3-year exit period [29]. Group 2: Financial Contributions and Structure - Jinbei Automotive's contribution of 240 million RMB will be part of a larger investment structure that includes contributions from other partners such as BMW China and Shenhua Holdings [4][5]. - The total subscribed capital of the fund is 800 million RMB, with cash contributions from all partners [4][28]. - The investment will be made in four installments, with the first payment expected in September 2025 [33]. Group 3: Strategic Objectives - The primary objective of this investment is to seize opportunities in the evolving automotive industry, enhance the company's competitive strength, and strengthen relationships with strategic partners like BMW [42]. - The investment is expected to provide access to high-quality project resources with lower selection costs, thereby benefiting the company's long-term sustainable development [42].

Core Viewpoint - The company, Liaoning Shenhwa Holdings Co., Ltd., plans to invest 20 million RMB as a limited partner in the establishment of the Shenyang Automotive Industry Investment Fund, representing 2.5% of the total subscribed capital of the fund [1][3]. Group 1: Investment Details - The total subscribed capital of the investment fund is 800 million RMB, with the company contributing 20 million RMB, while other partners like BMW China and Jinbei Automotive will contribute 220 million RMB and 240 million RMB respectively [3][20]. - The fund will focus on investment opportunities in the automotive industry, particularly in areas such as electrification, intelligence, and low carbon development [20][25]. - The fund's duration is set for 7 years, with a 4-year investment period and a 3-year exit period [20]. Group 2: Related Transactions - The investment has been approved by the company's board of directors, with related directors abstaining from the vote, and it does not constitute a major asset restructuring as per regulations [2][4][35]. - The company has not engaged in any related transactions with the same related parties in the past 12 months, ensuring that this investment is a standalone activity [5]. Group 3: Partner Information - The fund's management will be handled by Guangdong Yueke Mother Fund Investment Management Co., Ltd., which is also a partner in the fund [1][12]. - Other partners include Shenqi Xinzhi (Shenyang) Enterprise Management Co., Ltd., Jinbei Automotive Co., Ltd., and Liao Yue Fund, all of which are under the same controlling entity as the company [1][6]. Group 4: Financial Impact and Objectives - The investment aims to leverage market opportunities in the automotive sector's transition towards advanced manufacturing and technology, enhancing the company's strategic positioning [36]. - The funding will be sourced from the company's own capital, with expected contributions of 5 million RMB annually from 2025 to 2028, which will not significantly impact the company's financial performance [36].

Core Viewpoint - Jinbei Automotive plans to invest 240 million RMB as a limited partner in the establishment of the Shenyang Automotive Industry Investment Fund, representing 30% of the total subscribed capital of 800 million RMB for the fund [2][4][30]. Summary by Sections 1. Overview of Related Transactions - The board of directors approved the proposal to participate in the establishment of the investment fund, which aims to capitalize on opportunities in the automotive industry's electrification, intelligence, and low-carbon development [4][46]. - The fund will be managed by Guangdong Yueke Mother Fund Investment Management Co., Ltd., with other partners including BMW (China) Investment Co., Ltd., and Shenyang Automotive Group-controlled companies [2][4]. 2. Investment Fund Details - The total subscribed capital for the investment fund is 800 million RMB, with Jinbei Automotive contributing 240 million RMB, BMW China contributing 220 million RMB, and other partners contributing the remaining amounts [4][30]. - The fund's duration is set for 7 years, with a 4-year investment period and a 3-year exit period, focusing on the automotive industry chain, particularly in electrification, intelligence, and low-carbon sectors [31][46]. 3. Financial and Operational Impact - The investment represents 17.21% of Jinbei Automotive's latest audited net assets, and all contributions will be made in cash [6][47]. - The company expects to contribute 60 million RMB annually from 2025 to 2028, indicating that the investment will not adversely affect its normal operations or dividend distributions [47]. 4. Governance and Compliance - The proposal was reviewed and approved by independent directors, ensuring fairness and compliance with relevant laws and regulations [46]. - The investment decision-making will involve a committee with representatives from the managing partner and other partners, ensuring a structured approach to investment decisions [40]. 5. Strategic Objectives - The primary goal of this investment is to enhance the company's industrial strength and core competitiveness while securing quality resources in the automotive and related industries [46]. - The collaboration with strategic partners like BMW is expected to strengthen relationships and leverage their resources for future projects [46].

Group 1 - The company plans to invest 240 million yuan as a limited partner in the establishment of an investment fund, which has a total subscription amount of 800 million yuan, representing 30% of the fund [1] - The investment fund will focus on the automotive industry chain, particularly in areas such as electrification, intelligence, and low carbon [1][2] - The investment fund has a duration of 7 years, with a 4-year investment period and a 3-year exit period, and the capital contributions will be made in four phases from 2025 to 2028 [1] Group 2 - The company's main business includes the design, production, and sale of automotive parts, with key products being interior components, seats, and rubber parts, primarily serving clients like BMW Brilliance [2] - The investment aims to seize opportunities in the automotive industry's transformation and enhance the company's core competitiveness while strengthening relationships with strategic partners like BMW [2] - The company has sufficient funds for this investment, which will not significantly impact its normal operations, dividends, or financial status [2]