Company Developments - TikTok Shop is accelerating its expansion into the European market, planning to enter the Netherlands, Belgium, Sweden, and Poland, which would bring its operations to ten countries in Europe. Currently, European sales account for only 5.4% of its global revenue, facing challenges from conservative consumer habits and strong competitors like Temu [2] - AliExpress has partnered with YouTube in South Korea, becoming the first Chinese e-commerce platform to join YouTube's shopping alliance program, aiming to enhance its distribution channels and introduce a wider range of global products [2] Automotive Industry - Geely Auto reported a total revenue of 345.2 billion yuan for 2025, a 25% year-on-year increase, with a core net profit of 14.41 billion yuan, up 36%. The company aims for overseas sales of 420,000 units, including 124,000 in new energy vehicles, which is a 240% increase [3] - Chery Auto announced a total revenue of 300.29 billion yuan for 2025, an 11.3% increase, with a net profit of 19.51 billion yuan, up 36.1%. The company sold 2.6314 million self-owned passenger vehicles, a 14.6% increase, with new energy vehicle sales growing by 72.5% [3] - Leap Motor achieved an export volume of 67,052 units in 2025, leading among new Chinese automotive brands. The company has established nearly 900 sales service outlets across about 40 countries [4] Investment and Financing - BYD plans to invest 300 million reais (approximately 390 million yuan) in Brazil to build its first electric vehicle R&D testing center, expected to be operational by 2028 [4] - Huawei's underwater robotics company, Submarine Innovation, completed nearly 100 million yuan in Series C financing, which will be used for core technology development and market expansion [8] - NUBON Bio completed over 100 million yuan in Series C financing, focusing on expanding its global commercial footprint, with 400 overseas clients [8] Market Trends - The global storage chip market is experiencing an unexpected price increase in Q1 2026, with NAND prices rising over 70% due to strong AI demand and supply constraints in consumer electronics [9] - The global electric vehicle traction inverter installation reached 9.65 million units in Q4 2025, marking a two-year high, driven by increased sales of battery electric vehicles [10] - Omdia forecasts that global micro-short drama revenue will grow to 14 billion USD by the end of 2026, with significant contributions from markets outside China, particularly the US [10]

Core Viewpoint - The event marks the introduction of Chery Automobile into the Baltic market, highlighting the importance of China-Latin America cooperation in the automotive industry and the positive outcomes of China-Europe negotiations regarding electric vehicles [1] Group 1: Diplomatic Engagement - Ambassador Tang Songgen attended the launch ceremony of Chery Automobile in the Baltic region and delivered a speech, accompanied by Deputy Secretary Zhang Jian [1] - Ambassador Tang expressed warm congratulations on Chery's entry into the Baltic market, emphasizing the significance of this move for China-Latin America business collaboration [1] Group 2: China-Europe Relations - The negotiations between China and the EU regarding the electric vehicle case have yielded important positive results, fostering healthy development of China-Europe economic and trade relations [1] - The cooperation serves as a demonstration of both parties' commitment to maintaining a rules-based international trade order and sets a good example for resolving disputes through dialogue and consultation [1] Group 3: Future Prospects - There is hope for more collaborative cases between enterprises from both countries, which could bring greater benefits to the people of both nations [1]

Group 1: Automotive Industry Overview - In January 2026, the Vehicle Inventory Alert Index for Chinese automotive dealers was reported at 59.4%, a year-on-year decrease of 2.9 percentage points and a month-on-month increase of 1.7 percentage points, indicating inventory levels above the threshold [1] - Various automotive companies reported their January delivery and sales figures, showcasing a mixed performance across the industry [2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19] Group 2: Company-Specific Performance - Xiaomi delivered over 39,000 vehicles in January 2026 [2] - Hongmeng Zhixing reported a total delivery of 57,915 vehicles in January, marking a year-on-year increase of 65.6% [3] - Aion (昊铂埃安) achieved sales of 23,591 vehicles in January, reflecting a growth of 63.9% [16] - NIO delivered 27,182 vehicles in January, up 96.1% year-on-year [7] - Li Auto reported deliveries of 27,668 vehicles in January [8] - Leap Motor achieved total deliveries of 32,059 vehicles, a year-on-year increase of 27% [9] - BYD's January sales of new energy vehicles were 210,051, a decline of 30.11% year-on-year [6] - Great Wall Motors sold 90,312 vehicles in January, an increase of 11.59% [11] - GAC Group reported sales of 116,622 vehicles in January, up 18.47% year-on-year [13] - Geely's total sales for January were 270,200 units, showing a growth of approximately 1% [13] - Chery's total sales across five brands in January decreased by 10.7% year-on-year [13] - SAIC-GM delivered approximately 51,005 vehicles in January, with a year-on-year increase of 8.2% [15] - A total of 40,016 vehicles were delivered by AITO in January, representing an 83% increase year-on-year [4] - Seres reported sales of 43,034 new energy vehicles in January, a significant increase of 140.33% [5] - GAC Trumpchi's terminal sales reached 26,937 vehicles in January, up 2.06% [14] - BAIC Blue Valley's subsidiary reported sales of 8,073 vehicles, an increase of 11.83% [19] Group 3: Leadership Changes - BMW Group announced that Christian Ach will succeed Sean Green as the President and CEO of BMW Group Greater China, effective April 1 [20]

Core Viewpoint - Chery Automobile's total sales in January decreased by approximately 10.7% compared to the same period last year, with a total of 191,496 vehicles sold across its five brands [3]. Brand Performance - Chery brand sales reached 135,551 units in January, showing a year-on-year increase of 4.6% [1]. - Exeed brand sales were 5,276 units, reflecting a decline of 9.1% year-on-year [1]. - Jetour brand sales fell to 42,744 units, down 26.5% compared to the previous year [1]. - iCAR brand sales significantly decreased by 56.5%, totaling 3,419 units [1]. - Zhijie brand sales dropped by 65.3%, with only 4,506 units sold [1]. Additional Sales Insights - In January, the sales of new energy vehicles amounted to 47,393 units [2]. - Export sales reached 116,985 units during the same period [2].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因依賴 該等內容而引致的任何損失承擔任何責任。 香港，2026年1月1日 奇瑞汽車股份有限公司（「本公司」，連同其附屬公司統稱為「本集團」）董事會欣然 宣佈，本集團於二零二五年十二月的五大品牌總銷量為232,308輛汽車，較去年同 期減少約16%。詳細如下： | | | | | | 去年同期 | | | --- | --- | --- | --- | --- | --- | --- | | | 本月 | 去年同期 | | 今年累計 | 累計 | | | 品牌 | （輛） | （輛） | 同比變動 | （輛） | （輛） | 同比變動 | | 奇瑞 | 157,871 | 168,319 | -6% | 1,700,940 | 1,611,374 | 6% | | 星途 | 10,903 | 12,521 | -13% | 120,369 | 140,959 | -15% | | 捷途 | 48,851 | 66,020 | -26% | 622,590 ...

Group 1 - The Colombian automotive market is experiencing a recovery, with new brands entering rapidly, particularly Chinese brands showing strong performance [1] - Chery Automobile has seen a significant increase in sales, ranking among the top 15 automotive brands in Colombia [1] - In November 2025, Chery's sales in Colombia grew by 401% year-on-year, increasing from 70 units to 351 units, and its ranking rose to 12th in the country [1] Group 2 - In October 2025, Chery achieved a year-on-year sales increase of 321%, marking the highest growth rate for that month [1] - Since entering the local market in August 2024, Chery has sold over 2,000 vehicles, with expectations to surpass 3,000 units by the first quarter of 2026 [1] - Chery is currently among the leading brands in overall sales and has become one of the top-selling electric vehicle brands in the region [1]

Core Insights - Chery Group has achieved significant export success, with over 100,000 vehicles exported monthly for seven consecutive months, totaling 137,000 units in November 2025, marking a 30.3% year-on-year increase [2][3] - The company has established a strong presence in the global market, with over 5.7 million overseas users and a growing reputation among investors, as evidenced by several leading brokerages initiating coverage with "buy" or "outperform" ratings [1][4] - Chery's strategy focuses on technological innovation and quality, aiming to transition into a global high-tech ecological group [1][14] Export Performance - In the first eleven months of 2025, Chery's total vehicle sales reached 2.562 million, with exports accounting for approximately 1.2 million units, reflecting a 14.7% increase year-on-year [2][3] - Chery's export volume represents nearly 20% of China's total automotive exports, with one in five Chinese passenger cars exported being a Chery vehicle [2][4] Brand Development - Chery has successfully penetrated the European market, launching multiple models and achieving a 2.4-fold increase in sales in the EU and UK markets from January to October 2025 [3] - The company has diversified its product offerings in emerging markets, such as Southeast Asia and the Middle East, to cater to varying consumer needs [3][6] Global User Base - As of November 2025, Chery's global user base exceeded 18.28 million, with over 5.7 million users located overseas, providing a solid foundation for its global strategy [4][6] Capital Market Response - The positive feedback from capital markets indicates strong investor confidence in Chery's growth potential, with analysts highlighting the company's first-mover advantage in exports and expected growth in new energy vehicle sales [4][8] Globalization Strategy - Chery's globalization narrative extends beyond mere product sales to include building a local ecosystem, with a focus on adapting products to meet local market demands [5][6] - The company has established 16 production bases worldwide, integrating into local economies and creating jobs, such as the joint venture in Spain that revitalized a local brand and created over 1,000 jobs [7] Technological Foundation - Chery has developed a comprehensive technology framework encompassing fuel, hybrid, electric, and hydrogen power, with notable advancements in hybrid engine efficiency [8][10] - The company is also advancing in smart technology, integrating AI and intelligent driving systems across its vehicle lineup [9][10] Future Outlook - Chery is positioning itself in the emerging field of embodied intelligence, with plans to develop humanoid robots and expand its market presence in various sectors by leveraging its existing global service network [11][12] - The company aims to achieve significant sales milestones in the robotics sector by 2030, targeting over 40,000 humanoid robots and 90,000 robotic dogs [13]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因依賴 該等內容而引致的任何損失承擔任何責任。 Chery Automobile Co., Ltd. 奇瑞汽車股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：9973） 未經審核之二零二五年十一月銷量 於本公告日期，董事會包括執行董事尹同躍先生及張國忠先生；非執行董事王來 春女士、李晶女士、王津華先生、王孝偉先生、鮑思語先生、尹祥領先生及胡敬 源先生；獨立非執行董事商文江先生、楊棉之先生、葉盛基先生、路風先生、楊 善林先生及黎汝雄先生。 承董事會命 奇瑞汽車股份有限公司 尹同躍先生 董事長 香港，2025年12月1日 奇瑞汽車股份有限公司（「本公司」，連同其附屬公司統稱為「本集團」）董事會欣然 宣佈，本集團於二零二五年十一月的五大品牌總銷量為255,809輛汽車，較去年同 期減少約2%。詳細如下： | | | | | | 去年同期 | | | --- | --- | --- | --- | --- | --- | --- | | ...

Core Viewpoint - Chery Automobile's recent marketing stunt of driving a vehicle up the Tianmen Mountain steps backfired, leading to public backlash and a decline in stock price, highlighting the importance of safety and risk assessment in automotive branding [1][3]. Company Performance - Chery successfully listed on the Hong Kong Stock Exchange on September 25, achieving a market capitalization exceeding HKD 170 billion [3]. - The company attracted significant backing from 13 cornerstone investors during its IPO, indicating confidence in its commitment to stable growth [3]. Stock Market Reaction - Following the Tianmen Mountain incident, Chery's stock price fell over 3%, dipping below its IPO price of HKD 30.75, raising concerns among investors [3][4]. Corporate Culture and Investor Trust - The incident may not fully represent Chery's corporate culture, but it has affected public perception and investor confidence, necessitating efforts to rebuild trust [4]. - The importance of corporate culture, as emphasized by notable investors, suggests that incidents like this can significantly impact investment decisions [3].

Core Viewpoint - Chery Automobile's recent marketing stunt of driving a vehicle up the Tianmen Mountain steps backfired, leading to public backlash and a decline in stock price, highlighting the importance of safety and risk assessment in automotive branding [1][3]. Company Performance - Chery successfully listed on the Hong Kong Stock Exchange on September 25, achieving a market capitalization exceeding HKD 170 billion, with backing from 13 cornerstone investors during its IPO [3]. - Following the Tianmen Mountain incident, Chery's stock price fell over 3%, dipping below its IPO price of HKD 30.75, raising concerns among investors [3][4]. Corporate Responsibility - The incident has sparked discussions about corporate culture and responsibility, with the company acknowledging a lack of risk assessment in their marketing approach [1][4]. - Chery has committed to repairing the damage caused by the incident and compensating for the losses incurred at the Tianmen Mountain site, indicating a willingness to address the fallout [4].