Group 1 - The 2025 China-Korea (Yancheng) Industrial Park Economic and Trade Cooperation Exchange Conference will be held in Yancheng Economic Development Zone, focusing on deepening economic cooperation and green low-carbon development [1] - The China-Korea (Yancheng) Industrial Park has received several national and provincial-level recognitions since its establishment in 2017, including being a national-level platform for cooperation with South Korea [1] - Yancheng Economic Development Zone has attracted nearly 400 South Korean enterprises, becoming a significant distribution center for South Korean goods exported to China [1] Group 2 - Yancheng Economic Development Zone has actively integrated domestic and international dual circulation, hosting various high-profile events to promote cooperation with both domestic and international enterprises [2] - The Yancheng Comprehensive Bonded Zone has established a complete port function and smart customs clearance platform, enhancing its role in facilitating domestic and international dual circulation [2] - The Comprehensive Bonded Zone improved its national performance ranking by 7 places in the 2024 annual evaluation, highlighting its importance in cross-border e-commerce [2] Group 3 - Yancheng Economic Development Zone promotes the construction of a Korean cultural city, integrating Korean elements into urban development through various cultural projects [3] - The Dongdaemun International District has attracted over 2.5 million visitors annually and has become a vibrant example of cultural exchange and economic cooperation [3] - The integration of trade and cultural exchange is emphasized, showcasing the synergy between economic collaboration and cultural interactions [3]

Core Viewpoint - Yancheng Economic Development Zone is transforming into a modern automotive city and a lithium battery hub, driven by strong cooperation with South Korea, particularly in the automotive and battery manufacturing sectors [2][3]. Group 1: Automotive Industry - Yancheng has established a diverse export product matrix with six vehicle models, exporting to 88 countries, and is the only joint venture brand among China's top ten automotive exporters [2]. - The region has produced and sold over 6.6 million vehicles, generating sales revenue exceeding 660 billion yuan, with a 24% year-on-year increase in invoicing and a 49% increase in vehicle sales from January to September this year [2]. - New energy vehicles accounted for 40.6% of total vehicle sales, indicating a significant shift towards electric vehicles [2]. Group 2: Battery Manufacturing - The SK Group's battery manufacturing base in Yancheng is the largest of its kind globally, focusing on high-performance lithium batteries for overseas markets [2]. - The region has attracted over 380 foreign enterprises, with more than 280 being South Korean, and has accumulated foreign investment exceeding 10 billion USD [2]. Group 3: Economic Cooperation and Events - The 26th China-Japan-Korea Friendly Cities Exchange Conference was held in Yancheng, highlighting the region's commitment to international cooperation and development [4]. - Yancheng has established trade relations with over 170 countries and regions, hosting numerous high-level delegations from South Korea for economic collaboration [5][6]. Group 4: Cultural Exchange - The Yancheng Economic Development Zone promotes cultural exchange through various activities, including Korean language classes and cultural events, fostering closer ties between the two nations [7]. - The KK-PARK International District features Korean-themed establishments, enhancing the living experience for the Korean community and providing a cultural window for local residents [7]. Group 5: Tourism - Yancheng has become a popular destination for South Korean tourists, with a 61.5% increase in the number of Korean nationals traveling to the city from January to October this year [8].

Core Insights - The Yancheng China-Europe (Asia) connecting train service has achieved significant milestones, with a cumulative transport volume exceeding 10,000 TEUs since its launch in June 2023, marking a transformation for Yancheng from a coastal fringe to an open frontier [1][2] - The service has facilitated a robust logistics network, enhancing the dual circulation development pattern in China, and has been instrumental in reducing costs for local enterprises [2][4] Group 1: Operational Achievements - The first year of operation saw the train service surpass 2,000 TEUs, with a projected doubling to over 4,000 TEUs in 2024, and a total transport value nearing $300 million [2] - The service has provided tailored logistics solutions, including a "one-on-one" approach to meet the specific needs of local businesses, exemplified by the export of approximately 5,000 vehicles valued at $100 million by Yueda Kia [2][3] Group 2: Market Adaptation - The return cargo has evolved from primarily rare metals to essential agricultural products like barley and wheat flour, reflecting the service's responsiveness to market demands [3] - The cost of transporting wheat flour via the train has been reduced by 15% compared to traditional sea transport, with a total import volume exceeding 30,000 tons, enhancing the local supply chain [3] Group 3: Infrastructure and Connectivity - The service is supported by a multi-modal transport system integrating rail, road, and maritime logistics, with seamless connections between Yancheng North Station and the Tinhuh Port area [4] - Yancheng Port has established 63 domestic and international routes, reinforcing its role as a critical hub linking the Eurasian landmass with major Chinese markets [4]

Group 1 - Changan Automobile has published a patent for optimizing the aerodynamic performance of vehicles, which involves computer-aided engineering simulation techniques to establish control equations for the airflow around the vehicle [2] - The refreshed Zeekr 001 has been officially launched with a starting price of 269,800 yuan, featuring a 900V high-voltage architecture that allows for a 10% to 80% charge in just 7 minutes, and a 0-100 km/h acceleration in 2 seconds [2] Group 2 - BYD has won the bid for Singapore's L4 autonomous bus pilot project, which is the first official project for L4 level autonomous driving buses in Singapore, set to begin testing in mid-2026 [3] - Yueda Kia reported a total sales volume of over 187,000 vehicles in the first nine months of 2023, marking a year-on-year increase of 6.4%, with September production reaching 23,600 vehicles [3]

Core Insights - The World Brand Conference 2025 was held in Beijing, where the "China's 500 Most Valuable Brands" report was released, highlighting the achievements of Yueda Group [1][2] - Yueda Group ranked 120th with a brand value of 107.116 billion yuan, marking a significant increase of 11.479 billion yuan and an improvement in ranking by one position [1] Company Performance - Yueda Group has implemented an innovation-driven development strategy, enhancing brand strength to support high-quality industrial development [1] - The company has achieved recognition through various initiatives, including green transformation, technological innovation, quality leadership, and social contributions [1] - Yueda Textile was awarded as a "National Green Factory" and recognized in the Ministry of Industry and Information Technology's "Digital Three Products" application scenarios [1] - Yueda Kia was listed among the top ten in the "ESG Pioneers" for foreign and Hong Kong-Macau-Taiwan enterprises in China [1] - Yueda's intelligent agricultural equipment project received the Jiangsu Provincial Science and Technology First Prize [1] Research and Development - Yueda Group currently operates 42 provincial-level and above R&D platforms, with 43 high-tech enterprises, 3 provincial-level unicorns, 2 gazelle enterprises, and 12 specialized and innovative enterprises [1] - The company's achievements have significantly enhanced its brand recognition both domestically and internationally, showcasing its strong capabilities in innovation and creation [1]