安凯客车（000868）(000868.SZ)发布公告，公司于近日收到公司持股5%以上股东安徽省投资集团控股 有限公司(简称"省投资集团")《关于实施安凯客车股份减持计划的告知函》，省投资集团持有公司 5985.02万股(占公司总股本的6.37%)，其计划自本次减持计划预披露公告之日起15个交易日后的90个自 然日内，以集中竞价方式减持公司股份不超过939.51万股(即不超过公司总股本的1%)。 ...

Core Viewpoint - The company announced a global offering of H-shares totaling 109 million shares, with a significant portion allocated for international sale, indicating a strategic move to enhance capital and market presence [1] Group 1: Offering Details - The total number of H-shares for global offering is 109 million shares, with 11 million shares (10%) allocated for public offering in Hong Kong and 98 million shares (90%) for international offering [1] - The estimated net proceeds from the offering, based on a share price of HKD 131.50, is approximately HKD 14.016 billion [1] Group 2: Listing Information - The 109 million H-shares are set to be listed on the Hong Kong Stock Exchange on November 5, 2025, under the stock code "9927" [1] Group 3: Shareholding Impact - Post-offering, the shareholding percentage of A-share shareholders will decrease to 93.76%, assuming the over-allotment option is not exercised, which will also affect the major shareholders like Chongqing Sokon Holding [1]

Core Insights - The 8th China International Import Expo (CIIE) commenced in Shanghai on November 5, featuring a prominent automotive and smart mobility exhibition area themed "Mobility, Infinite Possibilities" [1] - Major global automotive companies showcased their latest products, technologies, and solutions, indicating the expo's role as a platform for innovation and future mobility exploration [2] Group 1: Automotive Innovations - Tesla's Cybercab made its debut in the Asia-Pacific region, featuring a fully autonomous design without a steering wheel or pedals, aimed at addressing the 92% of U.S. travel scenarios that involve 1-2 passengers [3] - Volkswagen Group presented eight new intelligent connected vehicles, including concept cars like ID. AURA and ID. ERA, alongside showcasing its local software capabilities through CARIAD China [5] - Jaguar Land Rover introduced the new Defender OCTA, equipped with a pioneering 6D intelligent dynamic chassis, enhancing all-terrain capability and driving comfort [5] Group 2: Safety and Technology - Honda displayed advancements in passive safety technologies, including the Honda pedestrian dummy Polar III and a new ACE body structure designed to reduce impact on other vehicles [7] - Michelin showcased innovative products such as rigid inflatable boats made with FCG composite coating and the Haoyue 5E tire, while other suppliers highlighted their contributions to low-altitude economy technologies [9] Group 3: Commitment to the Chinese Market - Automotive executives emphasized their commitment to deepening local R&D and integrating local suppliers, with Volkswagen announcing a joint venture to develop system-level computing solutions in China [12] - Audi's CEO highlighted China as a crucial market, reaffirming the company's focus on investment in the region despite challenges [12] - General Motors expressed confidence in the Chinese market, showcasing models that reflect its deepening localization efforts and technological advancements [12]

Core Viewpoint - Geely Galaxy's Xingyao 6 adopts a "low price, high configuration" strategy to aggressively target the A-class hybrid sedan market, challenging the market leader BYD Qin PLUS DM-i with a competitive pricing range of 68,800 to 99,800 yuan [1][2]. Group 1: Product Launch and Market Strategy - The Xingyao 6 is positioned as a "new generation national electric hybrid family sedan," highlighting Geely's commitment to penetrate the A-class sedan market, which is the largest segment in China's automotive market [1][2]. - The model offers seven variants with two pure electric range options of 60 km and 125 km, and its starting price is nearly 20,000 yuan lower than the pre-sale price, breaking the 80,000 yuan price barrier for similar hybrid models [1][3]. - The Xingyao 6 is equipped with advanced features such as the Galaxy Flyme Auto intelligent cockpit system and the Shield battery safety system, defying the industry norm of reduced features at lower prices [1][3]. Group 2: Competitive Landscape - The A-class sedan market has been dominated by joint venture fuel models like Nissan Sylphy and Toyota Corolla, with BYD Qin PLUS breaking this dominance by becoming the best-selling A-class sedan in 2022 and maintaining its lead in 2023 with sales of 230,600 units from January to August [2][3]. - Geely's previous attempts to enter this market with the Galaxy L6 did not meet expectations, making the launch of Xingyao 6 a critical move to establish a foothold in this competitive segment [4]. Group 3: Financial and Sales Goals - Geely Auto Group reported a quarterly net profit of 5.67 billion yuan, with a year-on-year growth of 264%, enabling cost control that supports the "low price, high configuration" strategy of the Xingyao 6 [1][4]. - Following strong sales performance in the first half of the year, Geely has raised its annual sales target from 2.71 million to 3 million units, with the Xingyao 6 positioned as a key tool to achieve this goal [4][5]. - Geely aims to achieve an annual sales target of 5 million units by 2027, with the Xingyao 6 expected to play a significant role in the hybrid sedan market [4].

（原标题：地平线与小鹏：中国技术"武装"大众） 11月5日，两个跟大众汽车有关，但看似又无关的发布会同天举行。地平线与小鹏，两家来自中国的科技公司以各自的优势，为这家德国车企的智 能化重构提供"武装"。 在第八届中国国际进口博览会上，大众汽车集团（中国）官宣旗下软件公司CARIAD与中国智能驾驶企业地平线共同成立的合资公司酷睿程 （CARIZON），将在中国自主设计并研发系统级计算方案，为大众的高级驾驶辅助和自动驾驶系统提供支持。 大众把与智驾相关的部分研发职能前置到中国本地，核心环节开始在中国做定义和验证。中国已是全球最先进的智能化"试验场"，前沿技术的落 地已经无法绕过中国。 过去五年，中国汽车产业在电动化与智能化的双轮驱动下重构了行业秩序。大众在中国市场的销量从2018年的400多万辆下降至2024年的275万 辆，失去了延续三十年的销量冠军。 比亚迪、华为、理想、小鹏等品牌在智能驾驶和座舱系统上的快速迭代，暴露出传统车企在软件体系上的结构性滞后。对于大众来说，"在中国， 为中国"的理念只能持续深化，而研发体系重组便是现实的起点。 地平线是这一轮调整的关键伙伴。作为中国最早一批聚焦车载智能计算的公司，地 ...

11月5日，小鹏科技日（2025 AI DAY）正式开幕。 活动上，小鹏汽车董事长、CEO何小鹏 展示了全新的"汇天A868飞行汽车"。 据悉，该款飞行汽车设计目标续航里程超过500公里，这使其具备了执行城市间航线的潜力，而不仅仅是市内短途交通。设计巡航速度超过360公里/小 时，远超地面交通，能极大缩短出行时间。 何小鹏表示，小鹏汇天陆地航母全球订单目前已经7000单，并有望创造载人飞行器年销量世界纪录。 何小鹏还提到，小鹏飞行汽车会执行"高管先飞计划"，汇天管理团队亲身验证飞行安全量产交付前，管理者飞行里程必须超过5000公里。 此外，小鹏汽车宣布，将在2026年推出3款Robotaxi（无人驾驶出租车）车型，并于2026年开启试运营。 何小鹏表示，整车厂自己投入做Robotaxi，更有利于推动该产业的规模化与商业化，同时小鹏将自研软件、自制硬件、开放SDK等。据规划，高德将成为 小鹏Robotaxi首个全球生态合作伙伴，后者将接入前者的打车平台。 人形机器人方面，何小鹏表示，小鹏的目标是在2026年底实现规模量产高阶人形机器人。同时，小鹏将开放机器人IRON的SDK，与全球开发者共建人形 机器人应用生态 ...

Core Viewpoint - Wuling Motors has launched the Wuling Darion, Indonesia's first pure electric and plug-in hybrid MPV, aimed at meeting the evolving needs of Indonesian consumers for comfort, efficiency, and added value [2]. Company Summary - Wuling Motors produced the Darion at its factory in Cikarang, West Java, marking a significant step in the local automotive market [2]. - Since its establishment in 2017, Wuling has sold over 80,000 MPVs in Indonesia, establishing a strong presence in the market [2]. - The Darion is designed to provide a comfortable, stylish, and environmentally friendly option for Indonesian families, reflecting Wuling's commitment to local manufacturing [2]. Industry Summary - The MPV market in Indonesia is evolving, with consumers increasingly prioritizing comfort and efficiency over mere functionality [2]. - Rising vehicle prices and operating costs have created an opportunity for Wuling to introduce a more advanced and efficient MPV like the Darion [2]. - The Darion features a spacious cabin, competitive pricing within its class, and reduced operating costs due to electrification technology, catering specifically to family users [2].

Group 1 - Dow futures rose by 0.10%, while S&P 500 and Nasdaq futures fell by 0.15% and 0.30% respectively [1] - Palantir's stock dropped over 2% after investor Michael Burry disclosed a significant short position in the company, with put options valued at $912 million [1] - Chinese concept stocks experienced a widespread decline, with Alibaba down 2.02%, Pinduoduo down 0.62%, and JD down 2.93% [2] Group 2 - Tesla's CEO Elon Musk announced that the AI5 chip is expected to begin mass production in 2027, with TSMC and Samsung as manufacturers [2] - Google proposed a concept for space-based data centers to address resource limitations on Earth, utilizing solar-powered satellites [2] - Stellantis announced a global recall of 375,000 plug-in hybrid Jeep Wrangler and Grand Cherokee SUVs due to battery-related fire incidents [3] Group 3 - The U.S. government shutdown has reached a record duration of 36 days, surpassing the previous record of 35 days [3] - Google's $32 billion acquisition of cybersecurity firm Wiz has passed antitrust review by the U.S. Department of Justice [3] - Novo Nordisk has lowered its growth outlook for obesity and diabetes treatment drugs due to increased competition and pricing pressure [4]

2025.11.05 本文字数：2105，阅读时长大约4分钟 作者 |第一财经王方然 133倍超额认购，却在上市首日一度破发。赛力斯在港股上市的第一天，看起来有些"出师不利"。 11月5日，赛力斯（09927.HK）正式在港交所上市交易，但首日开盘即跌1.98%，盘中跌幅一度超过10%。截至收盘，报131.5港元/股，与发行价持平。 与赛力斯类似，高认购、首日破发的现象，在近期的港股新股中并不罕见。Wind数据显示，今年前三季度，98%的港股新股获超额认购，但近一年上市 的新股，超过20%出现首日破发，超半数在20个交易日后跌破发行价。而打新投资者在"稳赚不赔"的期待中，正面临越来越大的不确定性。 业内人士认为，认购倍数高只是说明目前市场资金充裕，存在投机情绪，但不一定代表了真实价值。 赛力斯盘中一度破发 在深圳工作的李明（化名）是众多赛力斯新股投资者之一。与许多被筛选出局的申购者不同，他是少数中签的"幸运儿"。上市当天，他掐着表等待开盘， 期待上涨，但市场的表现却与预料中不同。 11月5日，该股开盘就跌破发行价，跌幅一度扩大到10.27%，最低跌至118港元，此后经过激烈博弈，最终报收131.5港元，与发行 ...

格隆汇11月5日｜三菱汽车首席执行官加藤：我们在美国销售的所有车辆均在日本生产，因此将全额承 担美国关税成本，不会将关税转嫁给供应商。 ...