每经记者｜杨建 每经编辑｜肖芮冬 据中国交通新闻网，11月21日，交通运输部负责人主持召开部务会，审议《正常类旋翼航空器适航规 定》《运输类旋翼航空器适航规定》《螺旋桨适航规定》等。会议强调，要认真指导督促有关地方加快 推动"两重"项目建设，形成更多实物工作量，扩大交通运输有效投资。要加快推进低空经济安全有序发 展和汽车租赁业高质量发展，持续做好交通运输领域促消费相关工作。会议强调，要着力提升民用航空 安全保障水平，大力促进民用航空事业健康发展。 NO.4 我国牵头制定的联合国全球技术法规《电动重型车辆车载电池耐久性》获表决通过 2025年11月11日至14日，联合国世界车辆法规协调论坛（UN/WP.29）第197次全体会议在瑞士日内瓦召 开。会议期间，由中国、美国、日本和欧盟共同牵头制定的联合国全球技术法规（UN GTR）《电动重 型车辆车载电池耐久性》经各缔约方投票表决通过，正式发布实施。下一步，工业和信息化部将继续组 织国内相关单位和专家，深度参与新能源汽车、智能网联汽车等领域的技术法规制定协调工作，持续提 升中国在汽车国际标准法规协调中的参与度与贡献度。 NO.5 上海集成电路产业投资基金二期增资至2 ...

神州租车北京分公司负责人徐腾瑜在发布会上表示："冰雪旅游的核心是可达性与体验感。我们希 望通过完善的服务网络、适配的车型供给，让游客既能实现'下高铁/飞机'到'上雪场'的无缝衔接，更愿 意多留几天，住一住延庆的民宿，尝一尝火勺，灵活规划'雪场-景区-城区'的多日行程，深入感受延庆 冰雪生态之美、文化之韵。" 当前，冰雪旅游已成为拉动区域经济的重要引擎。数据显示，2024-2025冰雪季，全国冰雪旅游人 次预计突破5.2亿，其中自驾因灵活自由的特点，成为冰雪游的首选出行方式。随着"租车+滑雪"等服务 模式的普及，更多游客得以更便捷地拥抱冰雪、体验冰雪乐趣，也有效释放了区域冰雪经济的消费潜 力。 编辑：侯隽 11月22日，北京市延庆区第四十届冰雪欢乐季正式启动。作为本届活动的重要企业合作伙伴，神州 租车携"租+滑"冰雪大礼包亮相，通过整合租车服务与冰雪旅游资源，为游客提供从城区到雪场的一站 式出行解决方案，也为延庆冰雪季注入了便捷化、品质化的出行选择，助力京张地区冰雪经济"热"起 来。 延庆是京西北生态旅游重镇，冬季冰雪资源尤为突出。自1984年首届冰雪节至今，延庆冰雪欢乐季 已走过四十载，发展为集滑雪、冰玩、民 ...

针对冰雪出游需求，神州租车今年在延庆区域升级车队矩阵，新增投放坦克300、问界M7/M9等高通过 性、强智能配置的SUV车型，配合区域内超千台SUV车队的规模优势，为家庭游、年轻群体等不同客群 提供多样化选择。 延庆是京西北生态旅游重镇，冬季冰雪资源突出。自1984年首届冰雪节至今，延庆冰雪欢乐季已发展为 集滑雪、冰玩、民俗、研学于一体的综合性冰雪品牌，年接待游客约400万人次。此次神州租车推出的 一站式出行解决方案，精准匹配游客冬季冰雪出行需求，让"玩转延庆"变得更简单。游客通过神州租车 APP预订"京津冀优选"车辆，支持异地取还车直达雪场。此外，"租+滑"冰雪大礼包还将叠加雪票折 扣、景区优惠等权益，将租车服务与冰雪体验深度绑定。 中证报中证网讯（记者 王辉）11月22日，北京市延庆区第四十届冰雪欢乐季正式启动。作为本届活动 的企业合作伙伴，神州租车携"租+滑"冰雪大礼包亮相，通过整合租车服务与冰雪旅游资源，在本届冰 雪欢乐季为游客提供从城区到雪场的一站式出行解决方案，也为延庆冰雪季注入了便捷化、品质化的出 行选择。 ...

Core Viewpoint - The strategic cooperation agreement signed between China National Machinery Industry Corporation (Sinomach) subsidiaries and FAW Audi aims to enhance collaboration in various automotive sectors, focusing on innovation and service improvement [1] Group 1: Strategic Cooperation - Sinomach's subsidiaries, including China National Machinery Import & Export Corporation and China National Machinery Leasing, have entered into a strategic partnership with FAW Audi to leverage their strengths in vehicle sales, logistics, supply chain services, and more [1] - The collaboration will cover multiple areas such as vehicle sales and innovative models, logistics services, supply chain and derivative services, leasing, used car business, and new energy initiatives [1] - All parties expressed their commitment to working together to tackle market opportunities and challenges, contributing to the high-quality development of China's automotive industry [1]

面对"高速变龟速"的全民吐槽，交通部门也不是没动过脑筋。去年试点的"潮汐车道"和"动态限流"确实 让局部路段提速15%，但架不住全国人民的出行热情。就像试图用汤勺舀干长江水，这工程量想想都头 大。 有意思的是，汽车租赁市场却在这股洪流中异军突起。某租车平台数据显示，节假日订单量暴涨 400%，老板们乐得合不拢嘴："这哪是租车？分明是给客人发移动休息室！"有精明的车主甚至开发 出"代堵"服务——您坐高铁潇洒去，我帮您把车开出堵车区。 前方三公里拥堵，预计通行时间2小时28分钟。"导航机械的播报声里，老王看着仪表盘上闪烁的油表 灯，终于理解什么叫"免费的才是最贵的"。这个国庆假期，他第7次刷新了个人高速憋尿时长纪录。 每逢佳节倍堵车，这话真不是说着玩的。交通运输部最新数据显示，今年五一期间全国高速车流总量突 破3.2亿辆次，相当于把整个欧洲的汽车都搬上了中国高速。有网友戏称："这哪是高速公路？分明是全 民参与的汽车耐力锦标赛！" （此处加粗）重点来了：政策制定者其实早算过一笔经济账。免去的通行费每年约250亿元，但因此带 动的旅游消费高达1.3万亿，相当于每免1元过路费就能撬动52元消费。就像老话说的"放长线钓大 ...

Group 1 - Tianjin Youxing Xingchi Enterprise Management Partnership (Limited Partnership) has been established with a capital contribution of 35 million yuan [1] - The executive partner is Tianjin Geely Youxing Technology Co., Ltd., which is a subsidiary of Cao Cao Mobility [1] - The business scope includes enterprise management and small micro passenger vehicle leasing services [1] Group 2 - The partnership is co-funded by Tianjin Geely Youxing Technology Co., Ltd. and Tianjin Youcheng Zhichain Investment Partnership (Limited Partnership) [1]

Group 1 - Shenzhou Car Rental (00699.HK) announced that the transaction agreement with Jinggangshan Beiqi has been terminated due to failure to complete the deal before the final delivery date [1] - Amber Gem indicated that the transaction under the agreement signed with Jinggangshan Beiqi on July 24, 2020, may not proceed as certain conditions precedent have not been met [1] - Shenzhou Youche informed the board that it has signed a new agreement with Indigo Glamour on November 10, 2020, for the sale of 443 million shares at a price of HKD 4.0 per share, representing a 24% premium over the closing price on October 10 [1] Group 2 - Indigo Glamour is a limited liability company registered under Cayman Islands law and is wholly owned by MBK Partners Fund IV, which is a private investment fund [2] - As of the announcement date, Shenzhou Youche holds approximately 20.86% of the total issued share capital through its subsidiaries after the sale of shares [2] - Amber Gem holds approximately 14.75% of the total issued share capital in 313 million shares as of the announcement date [2]

Core Viewpoint - The voluntary cash acquisition offer for Shenzhou Car Rental has officially commenced, with MBK Partners' Indigo Glamour Company Limited initiating the process after meeting all preconditions [1] Group 1: Acquisition Details - The acceptance period for the offer runs from February 1 to February 22, with a mandatory acquisition threshold set at 90% of the shares within four months if accepted [1] - MBK Partners currently holds 47.44% of Shenzhou Car Rental's shares, including a 20.86% acquisition from Shenzhou Youche and agreements with Lenovo Holdings for an additional 26.56% [1] Group 2: Potential Benefits of Acceptance - The acquisition is expected to accelerate Shenzhou Car Rental's recovery from challenges faced due to intensified competition and adverse events like the Luckin Coffee scandal and the COVID-19 pandemic [3] - MBK Partners, managing over $23 billion, has a strong track record and experience in the automotive rental market, which could lead to significant business integration opportunities [3] - A successful privatization would stabilize the shareholding structure, enhancing strategic and management decision-making consistency [3] Group 3: Attractive Exit for Existing Shareholders - The low liquidity of Shenzhou Car Rental's shares, averaging only 0.54% of total shares traded over the last six months, makes the acquisition offer an appealing exit strategy for minority shareholders [4] - The offer price of HKD 4 per share represents a 17.99% premium over the last trading day price and a 52.17% premium over the average price of the last 30 trading days [4] Group 4: Risks for Non-Accepting Shareholders - Non-accepting shareholders may face uncertainties in short-term operations, with the ongoing pandemic potentially hindering recovery in public travel demand [7] - The risk of increased opportunity costs and potential long-term suspension of trading exists if the public shareholding falls below 21.6% after the offer period [8] Conclusion - The privatization offer from MBK Partners aligns with the interests of shareholders and is likely to succeed, raising questions about the future dynamics in the car rental industry post-privatization [10]

Core Viewpoint - The acquisition of Shenzhou Car Rental by MBK Partners marks a significant shift in the domestic car rental market, with expectations for improved operational stability and growth potential under new ownership [1][2][12]. Group 1: Acquisition Details - On January 31, Indigo Glamour Company Limited, a wholly-owned subsidiary of MBK Partners, announced a conditional voluntary cash offer to acquire all issued shares of Shenzhou Car Rental [1]. - The offer period runs from February 1 to February 22, with a share price of HKD 4, representing a premium of approximately 17.99% over the last trading day [11]. Group 2: Market Context - Shenzhou Car Rental has been under pressure due to the pandemic and competition, with a significant drop in demand and operational challenges [2][5]. - The company has a leading market position, holding 40%-45% of the short-term rental market share, but faces increasing competition from new entrants and alternative transportation options [8][10]. Group 3: Financial Performance - In 2020, Shenzhou Car Rental reported a free cash flow inflow of CNY 1.932 billion, a 329% increase year-on-year, indicating effective cash flow management despite operational pressures [5]. - The company is facing upcoming bond maturities, including a USD 300 million bond due on February 11, 2021, and a CNY 750 million bond due on April 4, 2021, highlighting the need for improved liquidity [7]. Group 4: Strategic Implications - The entry of MBK Partners is expected to enhance Shenzhou Car Rental's financing capabilities and operational efficiency, providing necessary capital for growth and innovation [7][10][12]. - The partnership is anticipated to stabilize the company's equity structure and improve investor confidence, potentially leading to better ratings from third-party agencies [11][12]. Group 5: Future Outlook - The collaboration between Shenzhou Car Rental and MBK Partners is seen as a strategic fit, with expectations for innovation and industry consolidation in the evolving car rental market [10][14]. - The ongoing transformation towards electrification and smart technologies in the automotive industry presents new investment opportunities, positioning leading companies for future success [14].

Core Viewpoint - The unconditional offer from Indigo Glamour Company Limited for Shenzhou Car Rental has been confirmed, with a deadline for acceptance set for March 4, indicating a clear opportunity for rational investors to accept the offer promptly [1][8]. Group 1: Offer Details - The offer became unconditional on February 18, 2020, and must remain open for acceptance for at least 14 days, leading to a closing date of March 4, 2020 [1]. - The offer price is set at 4 HKD per share, representing a premium of approximately 17.99% over the last trading day's closing price of 3.39 HKD and a premium of about 52.17% over the average closing price of 2.63 HKD over the last 30 trading days [3]. Group 2: Investor Options - Small and medium investors face three main choices: accept the offer, sell shares in the secondary market, or retain some shares [2][3]. - Given the low liquidity of Shenzhou Car Rental's shares, with an average trading volume of only 11,513,872 shares, or about 0.54% of the total issued shares, selling in the secondary market is not a viable option [3]. Group 3: Company Performance - Shenzhou Car Rental has faced significant challenges, including intensified competition in the car rental industry and adverse impacts from events like the Luckin Coffee scandal and the COVID-19 pandemic, leading to a substantial decline in stock price [5][6]. - In the first half of 2020, the company reported total revenue of 1.8068 billion CNY, a year-on-year decrease of 37.2%, with a net loss of 4.338 billion CNY compared to a net profit of 279 million CNY in the same period of 2019 [5][6]. Group 4: Market Outlook - The current market conditions and expectations suggest that accepting and facilitating the offer is the optimal solution for small and medium investors [8]. - The privatization process is nearing completion, and investors are encouraged to seize this opportunity to maximize their interests [8].