- 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。 DONGFENG MOTOR GROUP COMPANY LIMITED* 東風汽車集團股份有限公司 （於 中華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股份代號：489） 自願公告 2025 年 11 月產銷快報 此乃東風汽車集團股份有限公司（以下稱「本公司」）作出的自願公告。 本公司 2025 年 1-11 月累計汽車銷量為 1,697,025 輛，同比下降約 0.3%。其中，新能源汽車銷量為 489,203 輛，同比增长約 39.1%。本 公司之母公司東風汽車集團有限公司 1-11 月累計汽車銷量為 2,204,092 輛，同比下降約 1.4%。本公司之附屬公司東風汽車股份有限公 司（A 股證券代碼 600006，以下稱「股份公司」）1-11 月累計汽車銷量為 107,641 輛，同比下降約 23.0%。 本公司產銷快報详细數據如下（單位：輛）: | | | | 生產量 ...

Group 1 - The core viewpoint of the article highlights that by October 2025, the sales of new energy vehicles (NEVs) in China are expected to account for 51.6% of total new car sales, marking a significant milestone where the market share surpasses half [1] Group 2 - The rapid growth of NEVs has led to a substantial increase in demand for charging infrastructure, which is also developing quickly [3] - However, issues such as unclear service fees, lack of standardization for parking fees, and the prevalence of "zombie charging stations" have emerged, indicating a need for improvement [3][9] Group 3 - Public charging facilities, referred to as "public fast charging stations," are now widely available, with charging costs primarily consisting of electricity fees set by the government and service fees determined by operating companies [5] - Many EV owners are unclear about the scope of the service fees, with instances where the service fee for charging exceeds the electricity cost [5] Group 4 - EV owners may incur additional fees for occupying a charging spot beyond the charging time, which operators claim is to protect the rights of other users rather than for profit [6] - Some EV owners have reported a lack of clear notifications regarding these fees on mobile apps or charging stations, leading to unexpected charges [6] Group 5 - The presence of abandoned or poorly maintained "zombie charging stations" significantly detracts from the charging experience for users [7] - The article emphasizes that ensuring the smooth operation of charging infrastructure is crucial for the healthy development of the NEV industry [9] Group 6 - To address these challenges, it is essential for operators to enhance service quality, and for regulatory bodies and industry associations to collaborate in guiding orderly market development [9] - Improving the user experience and addressing infrastructure shortcomings are vital for the continued growth and reliability of the NEV sector [9]

Core Insights - Changan Automobile reported steady growth in production and sales for November 2025, with the new energy vehicle segment being a key driver of this growth [2][3] Production Summary - In November 2025, Changan's production reached 296,482 units, a slight increase of 0.23% compared to 295,811 units in the same month last year [2][3] - Cumulative production from January to November 2025 totaled 2,508,996 units, reflecting an 8.70% increase from 2,308,111 units in the same period last year [2][3] - The production of self-owned brands in November was 251,208 units, up 1.70% year-on-year, with a cumulative production of 2,106,116 units, marking a 10.84% increase [2][3] - New energy vehicle production in November was 137,931 units, showing a significant year-on-year growth of 29.09%, with cumulative production reaching 987,311 units, a 59.89% increase from 617,489 units last year [2][3] Sales Summary - Changan's sales in November 2025 were 284,197 units, a 2.49% increase from 277,298 units in the same month last year [2][3] - Cumulative sales from January to November 2025 reached 2,658,199 units, representing a 9.25% increase compared to 2,433,109 units in the same period last year [2][3] - Self-owned brand sales in November were 243,638 units, up 5.82% year-on-year, with cumulative sales of 2,260,431 units, an 11.48% increase from 2,027,596 units last year [4] - New energy vehicle sales in November were 126,167 units, a year-on-year increase of 23.32%, with cumulative sales reaching 994,891 units, a substantial growth of 54.66% from 643,290 units last year [4] - The overseas market showed strong performance, with cumulative overseas sales reaching 583,894 units from January to November 2025 [3]

2025年第三季度，蔚来汽车交付量达87,071辆，较2024年第三季度的61,855辆增长40.8%，较2025年第二季度的 72,056辆增长20.8%，交付规模稳步扩大。交付结构呈现多品牌协同发展态势：蔚来品牌高端智能电动汽车交付 36,928辆，乐道品牌家庭智能电动汽车交付37,656辆，萤火虫品牌智能电动高端小车交付12,487辆，各品牌在细分 市场均获得用户青睐。 亏损端大幅收窄，2025年第三季度经营亏损为人民币35.215亿元（4.947亿美元），较2024年第三季度下降 32.8%，较2025年第二季度下降28.3%；经调整经营亏损（非公认可计准则）为人民币27.761亿元（3.9亿美元）， 同比下降39.5%，环比下降31.3%。净亏损为人民币34.805亿元（4.889亿美元），同比下降31.2%，环比下降 30.3%；经调整净亏损（非公认可计准则）为人民币27.351亿元（3.842亿美元），同比下降38%，环比下降 33.7%，降本增效成果显著。 截至2025年10月31日，蔚来2025年累计交付241,618辆汽车，累计汽车交付量已达913,182辆，用户基础不断扩大。 营收方面， ...

Group 1 - The automotive industry is witnessing a trend where manufacturers in need of new production capacity are acquiring or managing other factories to supplement their production capabilities [1][5] - Recent examples include Changan Automobile taking over Beijing Hyundai's Chongqing factory, which has been converted to a Deep Blue Automotive production line, and Geely acquiring the former SAIC-GM Beisheng factory in Shenyang [1][2] - The shift in idle capacity has moved from domestic brands to joint venture companies, with companies like Dongfeng acquiring production capacity from Nissan and Shenlong [1][5] Group 2 - Geely and Changan are both targeting ambitious sales goals of 5 million vehicles by 2030, prompting their recent acquisitions to match production capacity with these targets [2][3] - Geely's production capacity for 2024 is projected at 4.23 million vehicles, but its utilization rate is only 45%, necessitating expansion due to the rapid growth of its Galaxy brand [3][4] - Changan's production capacity for 2024 is set at 2.25 million vehicles, with a utilization rate of 84%, indicating a tighter capacity situation as it aims for a sales target of 3 million vehicles [3] Group 3 - The automotive market has seen a significant shift in market share, with domestic brands increasing their share from 35.7% in 2020 to 68.7% currently, leading to the exit of several joint venture companies [6] - Many joint venture companies have closed factories or sold them to domestic brands, such as GAC Fiat and GAC Mitsubishi, which have seen their facilities taken over by companies like GAC Aion and Lantu [6][7] - The trend of optimizing existing production capacity is being supported by local government policies aimed at revitalizing idle assets in the automotive sector [7][8] Group 4 - The Chinese government has recognized the need to optimize existing automotive production capacity, with policies aimed at activating over 1 trillion yuan of idle assets through market mechanisms [7] - Local governments are implementing strategies to utilize existing automotive production capacity, as seen in Hubei's plan to achieve 350 billion yuan in new energy vehicle output by 2025 [7][8] - New automotive startups are emerging in response to local government initiatives to revitalize idle production capacity, such as Jiangling Group's new energy vehicles and Haima Automobile's new product lines [8]

Core Insights - Xiaomi has achieved a significant milestone by producing its 500,000th vehicle in just 602 days, setting a record for the fastest production ramp-up among global new energy vehicle manufacturers [1] - The success of Xiaomi's automotive division is attributed to the support from users, suppliers, media, and government authorities, as well as the efforts of the Xiaomi automotive team [3] - Safety has become a focal point for Xiaomi, with the CEO emphasizing the importance of safety in production and delivery processes, reiterating the commitment to prioritize safety and quality [5] Production and Delivery Goals - Xiaomi plans to deliver over 400,000 vehicles by the end of this year, exceeding its previous target of 300,000, which was later raised to 350,000 for 2025 [7]

Core Insights - Gestamp is committed to deepening its development and layout in China, with projected sales reaching €1.628 billion (approximately ¥13.419 billion) by the end of 2024, marking an 80% increase from 2021 to 2024 [1] - Since entering the Chinese market in 2007, Gestamp has established 13 factories and two R&D centers, making China one of its three core global markets [1] - The company focuses on innovation and customer proximity as its dual core strategy, enhancing product safety, production efficiency, and cost optimization while contributing to the development of lightweight components for electric vehicles [1] Company Operations - Gestamp has deployed 17 hot stamping production lines in China, providing advanced technology and engineering solutions to both local and multinational clients [2] - The company has formed multiple alliances and cooperation agreements with Chinese enterprises, significantly impacting the electric vehicle market [2] - Gestamp plans to continue its commitment to the Chinese market, leveraging mature technology and flexible services to align with the automotive industry's development pace [2]

Group 1: Automotive Market Overview - In October, China's automotive production and sales reached 3.359 million and 3.322 million units, respectively, with month-on-month growth of 2.5% and 3%, and year-on-year growth of 12.1% and 8.8% [1] - For the first ten months of the year, automotive production totaled 27.692 million units, a year-on-year increase of 13.2%, while sales reached 27.687 million units, up 12.4% year-on-year [1] - The automotive market is experiencing robust growth, driven by new product launches and effective industry governance, with October's production and sales hitting record highs for the same period [1] Group 2: Passenger Vehicle Market - Passenger vehicle production and sales for the first ten months were 24.237 million and 24.209 million units, reflecting year-on-year growth of 13.5% and 12.9% [2] - In October, passenger vehicle sales were 2.961 million units, showing a year-on-year increase of 7.5% [2] - Domestic sales of passenger vehicles have maintained a trend of both month-on-month and year-on-year growth, with a 12.1% increase in sales for the first ten months [2] - The market share of domestic brands in passenger vehicles reached 69.4%, up 4.8 percentage points year-on-year, with October's market share at 72.5% [2] Group 3: Commercial Vehicle Market - Commercial vehicle production and sales for the first ten months were 3.456 million and 3.479 million units, with year-on-year growth of 10.9% and 9% [3] - In October, commercial vehicle sales were 361,000 units, reflecting a year-on-year increase of 21% [3] - The market for commercial vehicles is recovering significantly, although competition has led to lower vehicle prices, putting pressure on companies [3] Group 4: New Energy Vehicles (NEVs) - NEV production and sales for the first ten months reached 13.015 million and 12.943 million units, with year-on-year growth of 33.1% and 32.7% [4] - In October, NEV sales were 1.715 million units, marking a year-on-year increase of 20% and accounting for 51.6% of total new vehicle sales [4] - The growth of NEVs is supported by government policies such as trade-in subsidies and a planned reduction in purchase tax, which is expected to drive further market expansion [4] Group 5: Export Performance - NEV exports surpassed 2 million units for the first time, totaling 2.014 million units, a year-on-year increase of 90.4% [5] - In October, NEV exports reached 256,000 units, showing a remarkable year-on-year growth of 99.9% [5] - Overall automotive exports for the first ten months were 5.616 million units, up 15.7% year-on-year, with expectations to exceed 6.5 million units for the entire year [5]

Group 1: Overall Automotive Market Performance - In October, China's automotive production and sales reached 3.359 million and 3.322 million units, respectively, with month-on-month growth of 2.5% and 3%, and year-on-year growth of 12.1% and 8.8% [1] - For the first ten months of the year, automotive production totaled 27.692 million units, a year-on-year increase of 13.2%, while sales reached 27.687 million units, up 12.4% year-on-year [1] - The automotive market has shown strong growth, exceeding expectations, driven by new product launches and steady industry governance [1] Group 2: Passenger Vehicle Market Insights - Passenger vehicle production and sales for the first ten months were 24.237 million and 24.209 million units, reflecting year-on-year growth of 13.5% and 12.9% [2] - In October, passenger vehicle sales were 2.961 million units, a year-on-year increase of 7.5% [2] - Domestic sales of traditional fuel passenger vehicles grew by 1.2% year-on-year, reversing last year's decline, although the growth rate remains low [2] - The market share of domestic brands in passenger vehicles reached 69.4% for the first ten months, up 4.8 percentage points year-on-year, with October's share at 72.5% [2] Group 3: Commercial Vehicle Market Performance - For the first ten months, commercial vehicle production and sales were 3.456 million and 3.479 million units, with year-on-year growth of 10.9% and 9% [3] - In October, commercial vehicle sales reached 361,000 units, a significant year-on-year increase of 21% [3] - The market for new energy commercial vehicles is rapidly developing, with their domestic sales accounting for 24.6% of total commercial vehicle sales in the first ten months [3] Group 4: New Energy Vehicle (NEV) Growth - NEV production and sales for the year reached 13.015 million and 12.943 million units, with year-on-year growth of 33.1% and 32.7% [5] - In October, NEV sales were 1.715 million units, marking a year-on-year increase of 20% and surpassing 50% of total new car sales for the first time [5] - The growth in NEVs is attributed to effective government policies and anticipated tax reductions for NEV purchases in the coming year [5] Group 5: Export Performance - NEV exports exceeded 2 million units for the first time, totaling 2.014 million units, a year-on-year increase of 90.4% [6] - Overall automotive exports reached 5.616 million units in the first ten months, reflecting a year-on-year growth of 15.7% [7] - The automotive export volume is expected to exceed 6.5 million units for the year, with total sales projected to reach 34 million units, setting a historical record [8]

Core Insights - Dongfeng Motor Group Co., Ltd. reported a total vehicle sales of 1,501,025 units from January to October 2023, representing a year-on-year decline of approximately 1.6% [2][4] - The company's performance in the new energy vehicle (NEV) segment was strong, with cumulative sales of 421,355 units, marking a year-on-year increase of 37.1% [2][4] Production and Sales Data - Total production from January to October was 1,497,404 units, showing a slight decrease of 0.1% year-on-year [3][4] - Passenger vehicle sales totaled 1,199,736 units, down 3.2% year-on-year, with specific segments showing varied performance: - Basic passenger vehicles saw a decline of 10.0% to 576,765 units - Sports Utility Vehicles (SUVs) increased by 2.1% to 539,484 units - Multi-Purpose Vehicles (MPVs) grew by 19.0% to 83,487 units [3][4] Commercial Vehicle Performance - Commercial vehicle sales reached 301,289 units, reflecting a year-on-year growth of 5.7% [4] - Notable performance in the truck segment: - Total sales of cargo vehicles were 293,163 units, up 8.3% - Heavy-duty trucks increased by 24.4% to 146,340 units - Medium-duty trucks surged by 43.9% to 10,353 units - Bus sales, however, dropped significantly by 43.9% to 8,126 units [4] New Energy Vehicle Segment - The NEV sector continued to be a key growth driver, with production reaching 433,970 units, a year-on-year increase of 43.2% [4] - NEV sales comprised 421,355 units, up 37.1% year-on-year, with: - NEV passenger vehicles totaling 387,689 units, a growth of 39.1% - NEV commercial vehicles reaching 33,666 units, an increase of 17.6% [4] Subsidiary Performance - Various subsidiaries exhibited differentiated growth: - Yipai Technology reported sales of 221,355 units, up 35.1% - Lantu Motors saw a significant increase of 90.7% to 112,627 units - Mengshi Technology experienced a remarkable growth of 196.5% to 5,215 units - Dongfeng Nissan (including Dongfeng Infiniti and Qichen) reported a decline of 7.5% to 479,977 units - Dongfeng Motor Co., Ltd. (A-share code 600006) saw a decrease of 21.4% to 99,482 units [5]