Core Viewpoint - The Ministry of Industry and Information Technology, along with five other departments, has launched a three-month campaign to address online chaos in the automotive industry, focusing on illegal profit-making, exaggeration, false advertising, and malicious attacks [1][2]. Group 1: Industry Overview - The automotive industry is a crucial driver of technological revolution and industrial transformation, supporting the construction of a strong manufacturing nation and serving as a significant pillar of the national economy [1]. - China's automotive industry is accelerating its transition to electrification, with the production of new energy vehicles increasing from approximately 1.4 million units in 2020 to over 13 million units in 2024, reflecting a continuous expansion in sales scale [1]. Group 2: Challenges and Concerns - Intense market competition and changes in the communication ecosystem have led to irrational competitive behaviors among car manufacturers, including online marketing and public opinion manipulation, which have resulted in a rise in online chaos [2]. - These issues create confusion for consumers and severely damage the online ecosystem and business environment, posing a threat to sustained innovation and long-term development in the industry [2]. Group 3: Regulatory Actions - The campaign aims to strengthen supervision of car manufacturers' violations and guide them to establish correct business philosophies, targeting the public relations and marketing companies behind these online chaos [2][3]. - The notification emphasizes the need for car manufacturers to abandon short-term speculative thinking and improper means, returning to the correct path of technological research and product innovation [3]. Group 4: Responsibilities of Platforms - Online platforms are required to conduct self-examinations and strengthen the identification and control of online chaos, including those using generative artificial intelligence technology [3][4]. - There are significant management loopholes in current online platforms, which have become breeding grounds for chaos in the automotive industry [4][5]. Group 5: Importance of a Healthy Ecosystem - A healthy business environment is essential for the growth of enterprises, and a clear public opinion ecology is a vital component of this environment [6]. - Collaboration among government regulation, corporate self-discipline, and platform responsibility is necessary to create a favorable public opinion environment and support the high-quality development of the automotive industry [6].

Core Viewpoint - The Ministry of Industry and Information Technology, along with five other departments, has launched a three-month campaign to address online chaos in the automotive industry, focusing on illegal profit-making, exaggeration, false advertising, and malicious attacks [1][2] Group 1: Industry Overview - The automotive industry is a crucial driver of technological revolution and industrial transformation, supporting the construction of a strong manufacturing nation and serving as a pillar of the national economy [1] - China's automotive industry is accelerating its transition to electrification, with the production of new energy vehicles increasing from approximately 1.4 million units in 2020 to over 13 million units in 2024, reflecting a significant expansion in sales scale [1] - Companies in the industry are increasing R&D investments, overcoming technical challenges, and improving product quality and performance, thereby enhancing overall industry competitiveness [1] Group 2: Challenges and Concerns - The competitive landscape has led to irrational behaviors among car manufacturers, extending from offline price wars to online marketing and public opinion manipulation, resulting in a rise in online chaos such as "black public relations" and "internet trolls" [2] - These issues create confusion for consumers and severely damage the online ecosystem and business environment, posing a threat to sustained innovation and long-term development in the industry [2] - The Minister of Industry and Information Technology emphasized the need to address these irrational competitive behaviors, which can destroy a company or an industry overnight [2] Group 3: Regulatory Actions - The campaign aims to strengthen supervision of car manufacturers' violations and guide them to establish correct business philosophies [2][3] - The notification calls for a thorough investigation of public relations and marketing companies involved in these online chaos, as well as the car manufacturers that hire their services [2][3] - Car manufacturers are urged to abandon short-term speculative thinking and improper means, returning to the correct path of technological R&D, product innovation, and service optimization [3] Group 4: Responsibilities of Platforms - Online platforms are required to conduct self-examinations and strengthen the identification and control of online trolls and "black mouths" using generative AI technology [3] - The notification emphasizes the need for platforms to enhance their complaint handling mechanisms and improve the speed and efficiency of addressing infringement issues [4] - There are existing management loopholes in online platforms that contribute to the proliferation of chaos in the automotive industry, necessitating a collaborative effort from the government, companies, and platforms to create a healthy business environment [4]

Core Viewpoint - The Ministry of Industry and Information Technology, along with five other departments, has initiated a special campaign to address online chaos in the automotive industry, with SAIC Motor actively opposing organized malicious public relations and online trolling activities [1] Group 1: Company Actions - SAIC Motor has increased its efforts to protect its brands, Roewe and MG, since the official reporting account was launched on July 29 [1] - On September 12 and September 15, SAIC Motor announced a reward of up to 5 million yuan for information on black public relations and online trolling related to the Roewe and MG brands, totaling a reward amount of 10 million yuan [1] Group 2: Industry Call to Action - SAIC Motor calls on industry peers to jointly combat black public relations and online trolling, aiming to create a clear, healthy, and trustworthy online and market environment [1]

Core Viewpoint - The Ministry of Industry and Information Technology, along with five other departments, has initiated a special campaign to address online chaos in the automotive industry, with SAIC Motor actively opposing organized malicious public relations and online trolling activities [1] Group 1: Company Actions - SAIC Motor has increased its efforts to protect its brands, Roewe and MG, by publicly offering rewards for information on black public relations and online trolls, with a total reward amount reaching 10 million yuan (approximately 1.4 million USD) [1] - The company announced rewards of up to 5 million yuan (approximately 700,000 USD) for each brand, Roewe and MG, to encourage the reporting of malicious activities [1] Group 2: Industry Response - SAIC Motor calls on industry peers to jointly combat black public relations and online trolling, aiming to create a clear, healthy, and trustworthy online and market environment [1]

Core Viewpoint - The automotive industry is facing significant regulatory scrutiny regarding online misinformation and malicious attacks, with a three-month special rectification action initiated by six government departments to address issues such as illegal profit-making, exaggerated and false advertising, and malicious defamation [1][2][3]. Group 1: Regulatory Actions - The Ministry of Industry and Information Technology, along with five other departments, has launched a nationwide three-month campaign to tackle online chaos in the automotive sector, focusing on illegal profit-making, exaggerated and false advertising, and malicious defamation [1]. - Automotive companies are urged to conduct self-examinations and resist the influence of online trolls, "black public relations," and fan groups to create a cleaner online environment [1][2]. - Xiaomi's CEO, Lei Jun, praised the regulatory action for fostering a positive development environment in the automotive industry and called for online platforms to take responsibility in managing misinformation [1][4]. Group 2: Industry Reactions - Industry leaders, including NIO's chairman Li Bin, have expressed the need for industry associations to help create a favorable public opinion environment, highlighting the severity of black public relations activities [3][6]. - Several automotive companies, including Li Auto and NIO, have reported experiencing malicious attacks from organized online trolls and have taken legal actions against them [6][7]. - GAC Group has established a network reporting center to monitor and address false information targeting the company and its leaders, indicating a proactive approach to combat online misinformation [5]. Group 3: Legal Outcomes - A self-media account was ordered to pay 2 million yuan for defaming a car company, marking one of the largest penalties in recent cases involving automotive companies suing self-media for infringement [2][8]. - BYD successfully sued a self-media account for 201.87 million yuan due to the publication of false and defamatory information, with the court ruling in favor of BYD [8][9]. - Legal experts emphasize that the actions taken against malicious online behavior are supported by existing laws, which prohibit defamation and the spread of false information [9].

Core Viewpoint - The article discusses the recent announcements by the Ministry of Industry and Information Technology regarding the approval of new vehicle production enterprises and products, as well as the lists of energy-saving and new energy vehicle models eligible for tax exemptions, highlighting the government's efforts to promote the development of the automotive industry and enhance the competitiveness of new energy vehicles [3][4][5]. Group 1: Vehicle Production and Tax Exemption Announcements - The Ministry of Industry and Information Technology released the 398th batch of approved vehicle production enterprises and products, including 92 automobile manufacturers and 320 private modification vehicle manufacturers [4]. - The list of energy-saving and new energy vehicle models eligible for tax exemptions includes 432 models, with 418 being new energy vehicles, such as 325 pure electric commercial vehicles and 54 plug-in hybrid passenger vehicles [5]. - The announcement also includes 521 models in the vehicle purchase tax exemption directory, with 519 new models, including 417 pure electric vehicles and 90 plug-in hybrid vehicles [5]. Group 2: Special Rectification Action in the Automotive Industry - A joint initiative by six departments, including the Ministry of Industry and Information Technology, aims to address online irregularities in the automotive industry, focusing on illegal profit-making, exaggerated and false advertising, and malicious attacks against competitors [6][7]. - The action will last for three months and aims to improve the quality of online content related to automotive enterprises, ensuring a fair competitive environment [9]. - Key issues targeted include the use of fake content to mislead consumers and the manipulation of public opinion through organized online campaigns [8][9]. Group 3: LNG Vehicle Standards and Development - The National Automotive Standardization Technical Committee is seeking public opinions on the draft national standards for liquefied natural gas (LNG) vehicles, which aims to regulate technical requirements and inspection rules for LNG vehicles [11][12]. - The LNG vehicle market is rapidly growing, with a projected domestic penetration rate of 30% for LNG commercial vehicles by 2025, indicating a significant expansion in both domestic and international markets [12][13]. - The revision of standards is deemed necessary to support the development of new technologies and ensure the safety and reliability of LNG vehicles [13]. Group 4: Automotive Industry Growth Plan (2025-2026) - The Ministry of Industry and Information Technology and other departments released a growth plan for the automotive industry, aiming for a vehicle sales target of approximately 32.3 million units in 2025, with a 20% increase in new energy vehicle sales [17][19]. - The plan outlines 15 initiatives across four dimensions, including expanding domestic consumption and enhancing supply quality, to address challenges posed by external pressures and domestic market conditions [18][20]. - Key measures include promoting the marketization of new energy vehicles, improving infrastructure, and enhancing international cooperation to boost exports [21][22].

Report Investment Rating - No investment rating provided in the report. Core Views - Macro: The six - department joint special rectification action on automotive industry network chaos, the expected Fed rate cuts, potential G7 tariff pressure on China and India, and the Trump tariff appeal case all bring information disturbances. The anti - involution policy causes the market to fluctuate between long and short positions. The rise in coal prices supports the rebound of alloys. China's August PPI decline narrowed by 0.7 percentage points compared to the previous month [6]. - Supply and Demand: Production has been on an upward trend since mid - May. After the previous price increase, inventory has decreased for 5 consecutive weeks to a neutral level. The port inventory of imported manganese ore decreased by 3200 tons, and the downstream hot metal production dropped significantly due to parade - related production control. The spot profit in Inner Mongolia is - 110 yuan/ton, and in Ningxia is - 410 yuan/ton. The steel mill procurement tender price in August increased by 150 yuan/ton month - on - month [6]. - Technical: The weekly K - line of the manganese - silicon main contract is below the 60 - day moving average, indicating a bearish weekly trend. - Strategy: The silicon - manganese market is expected to fluctuate in the range of 5800 - 6000 [6]. Summary by Directory 1. Week - on - Week Summary - Macro: The six - department joint action focuses on rectifying illegal profit - making, exaggerated and false publicity, and malicious slander in the automotive industry. China's August PPI declined by 2.9% year - on - year, with the decline narrowing by 0.7 percentage points. Traders expect the Fed to cut interest rates three times by the end of 2025. The US may pressure the G7 to impose tariffs on China and India for purchasing Russian oil, and the US Supreme Court will hear the Trump tariff appeal case in early November [6]. - Overseas: The Fed will announce interest rate decisions on September 17th, October 29th, and December 10th. The UK's Financial Times reported that the US will pressure the G7 to impose tariffs on China and India for buying Russian oil, and the US Supreme Court will hear the Trump tariff appeal case in early November [6]. - Supply and Demand: Production has been rising since mid - May. Inventory has decreased for 5 consecutive weeks to a neutral level. The port inventory of imported manganese ore decreased by 3200 tons, and hot metal production dropped significantly due to parade - related production control. The spot profit in Inner Mongolia is - 110 yuan/ton, and in Ningxia is - 410 yuan/ton. The steel mill procurement tender price in August increased by 150 yuan/ton month - on - month [6]. - Technical: The weekly K - line of the manganese - silicon main contract is below the 60 - day moving average, indicating a bearish weekly trend [6]. - Strategy: The silicon - manganese market is expected to fluctuate in the range of 5800 - 6000 [6]. 2. Futures and Spot Market - Futures Market: As of September 12th, the silicon - manganese futures contract open interest was 567,000 lots, a decrease of 3730 lots week - on - week. The 5 - 1 contract monthly spread was 40, an increase of 2 points week - on - week. The manganese - silicon warehouse receipt quantity was 61,440, a decrease of 1420 week - on - week. The price difference between the manganese - silicon and silicon - iron January contracts was 258, a decrease of 32 points week - on - week [12][16]. - Spot Market: As of September 12th, the Inner Mongolia silicon - manganese spot price was 5680 yuan/ton, an increase of 10 yuan/ton week - on - week. The basis was - 152 yuan/ton, an increase of 92 points week - on - week [24]. 3. Industrial Chain - Production: The national average daily output of silicon - manganese was 30,590 tons, an increase of 185 tons. The demand for silicon - manganese in the five major steel types was 122,314 tons, a decrease of 1.09% week - on - week. The national silicon - manganese output was 214,130 tons, an increase of 0.61% week - on - week. Production has generally been on the rise since mid - May [27]. - Inventory: As of September 11th, the national silicon - manganese inventory was 166,800 tons, an increase of 6300 tons week - on - week [32]. - Upstream: As of September 12th, the price of South32 South African semi - carbonate lump at Tianjin Port was 34.2 yuan/ton - degree, an increase of 0.4 yuan/ton - degree. As of September 8th, the electricity price for silicon - manganese and silicon - iron in Ningxia was 0.40 yuan/kWh, an increase of 0.02 yuan/kWh; in Inner Mongolia, it was 0.42 yuan/kWh, unchanged. The port inventory of imported manganese ore was 443.20 million tons, an increase of 1.80 million tons week - on - week. The global shipment volume of South African manganese ore decreased by 1.52% week - on - week, that of Australian manganese ore increased by 24.53% week - on - week, and that of Gabonese manganese ore decreased by 5.06% week - on - week. The global shipment volume of Ghanaian manganese ore was 0 tons [38][42]. - Profit: On September 12th, the spot production cost in the northern region was 5840 yuan/ton, an increase of 10 yuan/ton; in the southern region, it was 6220 yuan/ton, a decrease of 20 yuan/ton. The spot production profit in the northern region was - 185 yuan/ton, an increase of 20 yuan/ton; in the southern region, it was - 550 yuan/ton, an increase of 20 yuan/ton [45]. - Downstream: The average daily hot metal output of 247 steel mills was 240.55 million tons, an increase of 11.71 million tons week - on - week and 17.17 million tons year - on - year. The southern steel tender price decreased month - on - month, and manufacturers face greater production pressure. The northern market price is 5600 - 5650 yuan/ton, and the southern market price is 5630 - 5680 yuan/ton [49].

Core Viewpoint - The Ministry of Industry and Information Technology, along with five other departments, has launched a three-month special campaign to address online chaos in the automotive industry, focusing on issues such as online water armies and "black public relations" to purify the online environment of the automotive sector [1][3]. Group 1: Key Issues Addressed - The campaign targets illegal profit-making activities, including the creation of false images and videos, fabricating stories, and maliciously interpreting sales fluctuations of automotive companies to generate online traffic and commercial benefits [3][4]. - It aims to combat the misuse of influence under the guise of "news supervision" and "public opinion supervision," where entities may extort automotive companies for "protection fees" by threatening to release false or negative information [3][4]. - The initiative also addresses the use of advanced technologies, such as generative artificial intelligence, to create new forms of online water armies that produce false content and manipulate trends while evading platform monitoring [4]. Group 2: False Advertising and Misleading Information - The campaign seeks to eliminate exaggerated and misleading advertising regarding the performance, functionality, quality, and sales status of vehicles and power batteries, which mislead consumers [4]. - It targets automotive companies that manipulate agencies or review accounts to conduct false or non-standard evaluations, including the fabrication of data and selective disclosure of sales figures [4]. - The initiative also aims to curb the creation and hype of topics through industry events and online marketing activities that negatively impact the industry and society [4].

Core Viewpoint - The Ministry of Industry and Information Technology, along with five other departments, has launched a three-month special campaign to address online chaos in the automotive industry, focusing on illegal profit-making, exaggerated and false advertising, and malicious defamation [1][2]. Group 1: Key Issues Addressed - Illegal profit-making issues include creating false images and videos, fabricating stories, and maliciously interpreting sales fluctuations to gain online traffic and commercial benefits [1]. - Exaggerated and false advertising involves misleading promotions regarding the performance, functionality, quality, and sales status of vehicles and batteries, deceiving consumers [1]. - Malicious defamation targets competitors by attacking automotive companies or products, tarnishing reputations, and filing malicious complaints [1]. Group 2: Implementation Measures - The campaign will involve self-inspections by companies, open reporting channels, and in-depth analysis of problem clues, with a focus on quickly addressing online chaos [2]. - A rapid response mechanism will be established to legally shut down and publicly expose media accounts involved in online chaos within the automotive sector [2]. - Local departments are required to enhance organization, leadership, and coordination, while network platforms must conduct self-checks and strengthen control over malicious online activities [2].

Group 1: Domestic News - In August, China's power battery installation volume reached 62.5 GWh, with a year-on-year increase of 32.4% and a month-on-month increase of 11.9% [2] - Among the total installation, ternary batteries accounted for 10.9 GWh (17.5% of total), showing a slight decrease of 0.1% month-on-month and a 10.0% decrease year-on-year; lithium iron phosphate batteries accounted for 51.6 GWh (82.5% of total), with a month-on-month increase of 14.8% and a year-on-year increase of 47.3% [2] - From January to August, the cumulative installation volume of power batteries in China reached 417.9 GWh, with a year-on-year growth of 43.1% [2] - In the first eight months, Hunan Province exported electromechanical products worth 122.25 billion yuan, a growth of 3.1%, accounting for 57.4% of the province's total exports [3] - The export of "new three samples" products, including electric vehicles and lithium-ion batteries, reached 12.69 billion yuan, growing by 77.8% [3] - Shanghai's new car registration requirement for the vehicle replacement subsidy policy has been revised, effective from September 11, 2025 [4] - In August, China's express delivery development index increased by 4.4% year-on-year, indicating steady growth in the express delivery market [5] Group 2: International News - In August, U.S. electric vehicle sales reached a record high of 146,332 units, accounting for 9.9% of total vehicle sales, driven by consumer purchases before the end of a $7,500 tax credit [6] - Tata Capital plans to launch an IPO in October, aiming to raise up to 19 billion USD, which would be India's largest IPO since last year's record [6] Group 3: Corporate News - NIO announced progress in legal actions against malicious infringement, with a court ruling requiring the infringer to delete harmful content and apologize publicly [9] - Lenovo's communication division stated that users of Neta vehicles must purchase their own vehicle data plans due to unpaid service fees by the automaker [10] - Chery's Mocha Robotics is set to unveil new products in October, targeting dealers and retail consumers [10] - Li Auto is responding to a government initiative to address online misinformation in the automotive industry, particularly regarding its upcoming model [11] - Ora, a brand under Great Wall Motors, announced the upcoming launch of its first pure electric SUV [12]