Group 1 - Chery Automobile's chairman, Yin Tongyue, stated that by 2025, overseas market revenue will surpass domestic contributions, reflecting the company's commitment to global expansion and governance improvement [1] - Chery's strategy aims to enhance its attractiveness in international capital markets and strengthen investor confidence in its governance structure, with nearly half of its revenue already coming from overseas [1] - This move is expected to accelerate the globalization of the automotive supply chain, benefiting related sectors such as components and logistics, and aligns with the broader trend of Chinese manufacturing globalization [1] Group 2 - ZF's new brake system factory in Wuhan has officially commenced operations, expanding the production capacity for electronic parking brakes (EPB) [2] - The factory plans to introduce next-generation electromechanical brake (EMB) production lines, which are crucial for line control braking systems, indicating ZF's strategic focus on the Chinese electric vehicle supply chain [2] - This development is likely to enhance ZF's market position in core components for intelligent driving and attract investor interest in its technological advancements [2] Group 3 - Ledo Automotive has delivered its 100,000th vehicle, marking a significant milestone for the young electric vehicle brand [3] - The achievement is seen as a foundation for future growth and may enhance market recognition of Ledo's brand potential, supporting future financing efforts [3] - This event highlights ongoing structural growth opportunities in China's electric vehicle market, sustaining investor enthusiasm for the automotive supply chain [3] Group 4 - Porsche announced the appointment of Michael Leiters as the new CEO, effective January 1, 2026, replacing Oliver Blume, who will continue as CEO of Volkswagen Group [4] - The leadership change raises concerns about strategic continuity, but Blume's focus on top-level management may enhance overall group synergy [4] - Michael Leiters' experience in the supercar sector is expected to bring new technical perspectives to Porsche's electrification efforts, potentially influencing the luxury car segment's management practices [4]