Core Viewpoint - JD Auto, in collaboration with CATL's Times Electric and GAC Group, is set to launch a new vehicle, with exclusive sales through JD during the Double 11 shopping festival, indicating a strategic move into the automotive sector [1][3] Group 1: Collaboration and Product Features - The partnership leverages GAC's strengths in smart manufacturing and global R&D, combined with JD's supply chain resources and CATL's advanced battery technology, aiming for a fully integrated smart upgrade from production to user experience [3] - The new vehicle is expected to adopt the "Chocolate Battery Swap" model, allowing for quick battery exchanges in about 100 seconds, enhancing user convenience [3] - The anticipated price range for the new vehicle is between 100,000 to 120,000 yuan [3] Group 2: Market Context and Sales Performance - GAC Group's sales have faced challenges, with a total of 1.1837 million units sold in the first nine months of the year, reflecting a year-on-year decline of 11.34% [3] - In September alone, GAC's sales were 173,200 units, down 5.17% year-on-year but up 27.6% month-on-month [3] - Specific brands under GAC, such as GAC Trumpchi and GAC Aion, have seen significant declines in sales, with year-on-year drops of 15.84% and 19.99% respectively [4]

Core Viewpoint - JD Auto, in collaboration with CATL's Times Electric and GAC Group, is set to launch a new vehicle named "National Good Car" during the Double 11 shopping festival, focusing on user insights and exclusive sales without direct involvement in manufacturing [2][4]. Group 1: Product Launch and Features - The "National Good Car" aims to balance stylish design, safety performance, battery life, and affordability, leveraging CATL's battery technology and GAC's manufacturing capabilities [4]. - The vehicle will be exclusively sold on JD's platform during the Double 11 event, with a focus on user participation in the car's development through the JD App [5][6]. Group 2: Consumer Engagement and New Business Model - Consumers can engage in the car's co-creation by providing feedback via the JD App, promoting a new consumption model that allows for customizable packages including car accessories and maintenance services [6]. - The collaboration aims to simplify the car buying process, making it as convenient as purchasing a smartphone, with options for standard and customizable models [6]. Group 3: Strategic Partnerships and Future Plans - A strategic partnership between Times Electric and JD Auto has been established to enhance battery subscription and swap services, creating a comprehensive maintenance and battery service station [7]. - The automotive after-market services for electric vehicle owners are expected to evolve, with a focus on establishing standardized and efficient service processes [7]. - According to PwC, by 2035, the penetration rate of battery swap models in light vehicles is projected to reach 30%, necessitating the establishment of 40,000 battery swap stations [7].

Core Viewpoint - JD.com, in collaboration with CATL's Times Electric and GAC Group, is set to launch a new vehicle named "National Good Car" during the Double 11 shopping festival, with exclusive sales on JD's platform. JD will focus on consumer insights and sales, not manufacturing [1][3]. Group 1: Product Development and Features - The "National Good Car" aims to balance stylish design, safety performance, battery life, and affordability, leveraging CATL's battery technology and GAC's manufacturing capabilities [4][5]. - The vehicle will be produced at GAC Aion's new energy vehicle lighthouse factory, ensuring high standards in safety and design [1][5]. Group 2: Consumer Engagement and Sales Model - Consumers can participate in the car's development through JD's app, providing feedback and suggestions, promoting a co-creation model [5]. - A new consumption model will be introduced, allowing users to choose standard models or customize packages that include various services, enhancing the overall purchasing experience [5][6]. Group 3: Strategic Partnerships and Future Plans - The collaboration is part of a broader strategy to integrate supply chain resources and advanced battery technology, aiming for a fully intelligent upgrade from production to service [5][6]. - CATL plans to introduce multiple new models with battery swapping capabilities, indicating a shift towards a more integrated electric vehicle ecosystem [6][8].