Core Insights - Chery held the 2025 Global Innovation Conference in Wuhu, showcasing its technological breakthroughs in electrification, connectivity, and intelligence, with a strategic vision of "global co-research, sharing, and symbiosis" [1][3] Technology Achievements - Chery displayed multiple technological achievements, including the Kunpeng Tianqing engine, which improves thermal efficiency to 48%, indicating ongoing investment in combustion systems and thermal management [4] - The Ark Amphibious System-equipped Zongheng G700 successfully crossed the Yangtze River, demonstrating capabilities in extreme conditions, although its application in regular passenger vehicles is limited [4] - In the field of intelligence, Chery adopted a dual approach by showcasing its self-developed Falcon Intelligent Driving model and integrating Huawei's ADS4 system for end-to-end urban NOA functionality [4] Strategic Transformation - Chery's Chairman, Yin Tongyue, emphasized the transition to a technology-driven enterprise, with international expansion as a key focus, noting that overseas revenue is approaching half of total earnings [5] - As of September 2025, Chery exported 137,624 vehicles, a 26.2% year-on-year increase, and has been the largest domestic car exporter in China since 2003 [6] Market Dynamics - In 2024, Chery led the Chinese automotive industry in exports to Russia, with 325,000 vehicles sold, a 47% increase [7] - However, Chery's sales in Russia saw a 13.7% decline in July, indicating potential market saturation and challenges due to geopolitical factors [7] - Chery is adjusting its global strategy by planning to reduce operations in Russia and shift focus to markets in Europe and South America, facing competition from domestic rivals like SAIC and BYD [8] Industry Competition - The Chinese automotive industry is experiencing increased competition in overseas markets, with exports reaching 3.083 million vehicles in the first half of 2025, a 10.4% increase [11] - SAIC's MG brand and BYD are making significant strides in Europe and other emerging markets, with BYD's sales in the first half of 2025 surpassing the total for 2024, reflecting a growth rate of 130% [11]

Core Viewpoint - Mercedes-Benz has confirmed the discontinuation of the A-Class model, which has been in production for less than 30 years, as part of a strategic shift to focus on more popular models in key markets like China and the U.S. [1][3] Group 1: Discontinuation of A-Class - The A-Class hatchback, launched globally in 2018 and updated in 2023, will no longer have new models introduced after its current generation [1][3] - The discontinuation also affects AMG models A35 and A45, indicating a broader reduction in the product lineup [1] Group 2: Sales and Financial Performance - In 2024, Mercedes-Benz is projected to sell 2.4 million vehicles, a 4% decrease year-on-year, with electric vehicle sales dropping by 22% [3] - The company reported a revenue of €145.6 billion (approximately ¥1.1 trillion) for 2024, a 4.5% decline, and an EBIT of €13.6 billion (approximately ¥103.1 billion), down 31% year-on-year [5] Group 3: Strategic Shift and Product Lineup - Mercedes-Benz plans to reduce its compact car lineup from seven models to four, focusing on CLA sedan, CLA shooting brake, GLA, and GLB SUVs [5] - The A-Class's discontinuation reflects a broader trend among traditional automakers to streamline offerings, as seen with other models like Ford Focus and Mazda6 [5] Group 4: Electric Vehicle Strategy - Due to insufficient demand for electric vehicles, Mercedes-Benz has revised its electrification strategy, postponing plans to phase out combustion engine vehicles by 2030 [7] - The company has also scrapped plans for a dedicated electric platform (MB.EA) for future EQE and EQS models, opting to utilize existing platforms to cut costs [7]