Core Insights - Deep Blue Automotive has officially launched a new round of financing at the Chongqing United Property Rights Exchange, with new shareholders holding no more than 20% of the company, and the transaction is expected to be completed by the end of December this year [2] Financial Overview - As of October 2025, Deep Blue Automotive is facing financial challenges, with total equity at -4.512 billion yuan, indicating insolvency. For the first ten months of 2025, the company reported revenue of 39.797 billion yuan and a net loss of 1.025 billion yuan, accumulating losses of 8.9 billion yuan over the past four years [5] - Despite the losses, there are signs of operational improvement, with the chairman stating that the company has achieved profitability in certain months. The management of Chang'an Automobile noted that selling 30,000 units per month would lead to breakeven, and Deep Blue has exceeded this figure multiple times in recent months [5] Sales Performance - Deep Blue Automotive's sales have shown stability, with a year-on-year increase of 57.1% in cumulative sales from January to October 2025. Since September, the company has achieved monthly sales exceeding 30,000 units for three consecutive months [5] - The Deep Blue S07 model has consistently sold over 10,000 units monthly, with total sales surpassing 300,000 units. The Deep Blue S05 topped the sales chart for pure electric compact SUVs in September, with nearly 20,000 units sold in a single month [5] - The company aims to achieve global sales of 2 million units by 2030 [5] Financing Purpose - The funds raised from this financing round will primarily be used for new vehicle research and development, innovation in smart and electric technologies, and enhancing global brand strength. The transition in the new energy sector from "price competition" to "value competition" will be crucial for the company's future development and its path to profitability [5]