出售事项交割完成后，北汽国际将由北汽集团持股51%、北京汽车持股49%，不再作为北京汽车附属公司，其财务业绩也将不再并入北京汽车集团账目。北 京汽车预计将确认除税前出售收益约人民币22亿元，所得款项将用于补充集团营运资金及业务发展，提升核心竞争力。 北京汽车指出，2025年中国汽车出口市场持续增长，1-10月全国汽车出口量达561.6万辆，同比增长15.7%。此次交易旨在深化国际化战略，把握出海机遇： 一方面借助北汽集团平台优势，在海外产品开发、品牌建设、投融资等方面为北汽国际全面赋能；另一方面通过保留49%股权，持续分享北汽国际高质量发 展带来的长期红利。 据介绍，北汽国际成立以来主要从事海外销售及分销北京汽车自有品牌乘用车，截至2025年9月30日，其经审核净资产为人民币92,771.57万元。2023年至 2024年，受全球市场波动影响，北汽国际净利润有所下滑，但随着海外渠道完善及属地化运营深化，未来有望实现规模效应与盈利能力提升。 12月10日，北京汽车发布公告，宣布拟向控股股东北京汽车集团有限公司（以下简称"北汽集团"）出售全资附属公司北京汽车国际发展有限公司（以下简 称"北汽国际"）51%股权。 ...

Core Viewpoint - Li Auto's international expansion strategy is focused on entering the Central Asian market, with a long-term goal of achieving 30% of total sales from overseas by 2025 [1][5]. Group 1: Market Entry and Strategy - Li Auto has opened its first authorized overseas retail center in Tashkent, Uzbekistan, marking its entry into the Central Asian market, with plans to open two more centers in Kazakhstan by November [2][5]. - The company is adopting an authorized dealer model for overseas sales, collaborating with local dealers for distribution and providing after-sales services [2][5]. - The choice of Central Asia as the first overseas market is strategic, as it presents lower regulatory barriers and a growing acceptance of new energy vehicles [7][16]. Group 2: Organizational Changes and Market Focus - In June 2023, Li Auto underwent a leadership change in its overseas department, with Wu Zuoming taking over from Wang Jin, indicating a shift towards a more structured approach to international expansion [6][7]. - The company has decided to temporarily pause its plans for entering the European market, focusing instead on expanding in the Middle East and Central Asia [10][14]. - Li Auto has established a research center in Germany to better understand European market needs and regulations, laying the groundwork for future expansion [12][11]. Group 3: Challenges and Future Outlook - The high entry barriers and operational costs associated with the European market have led Li Auto to prioritize markets with lower risks and more manageable regulations [14][16]. - The experience gained from the Central Asian market will serve as a foundation for future entry into Europe, helping the company adapt its products to meet local regulations and consumer preferences [17][16]. - Li Auto is preparing comprehensively for overseas markets by building professional teams and IT systems to enhance customer experience [16].