Core Viewpoint - Polestar, a high-end electric vehicle brand under Geely Holding Group, has received a warning from NASDAQ regarding potential delisting due to its stock price falling below the minimum requirement of $1 [1][3]. Group 1: Stock Performance and Compliance - As of October 31, Polestar's stock price closed at $0.845, having dropped 0.35% on that day [1]. - NASDAQ has given Polestar 180 days to regain compliance by maintaining a stock price of at least $1 for 10 consecutive trading days, with a deadline of April 29, 2026 [1]. - If compliance is not achieved, Polestar may be eligible for an additional 180-day extension [1]. Group 2: Financial Performance - Polestar's stock has been in decline since its SPAC merger and NASDAQ listing in June 2022, with a drop of over 50% last year and an additional approximate 20% decline this year [3]. - The company has reported net losses of $466 million, $1.195 billion, and $2.05 billion for the years 2022 to 2024, with a loss of $1.193 billion in the first half of this year and a gross margin of -49.4% [4]. - Global sales figures for Polestar from 2022 to the first three quarters of 2025 were 51,500, 54,600, 44,900, and 44,500 vehicles, respectively, with sales in China being particularly low [3][4]. Group 3: Strategic Moves and Investments - To improve sales, Polestar has implemented discounts and leasing incentives, but these measures have had limited success [3]. - In June 2024, Polestar secured a $200 million equity investment from PSD Investment Limited, controlled by Geely's chairman Li Shufu, increasing Geely's stake in Polestar to 66% [4]. - Volvo, which previously held a 48% stake in Polestar, has reduced its ownership to 16% after ceasing financial support [4].

Domestic News - The National Certification and Accreditation Administration has launched a pilot program for mandatory product certification in the automotive sector to enhance the international competitiveness of Chinese automotive exports [4] - The total number of charging piles in China has exceeded 14 million, with a year-on-year increase of 45.1% as of May 2025 [5][6] - In May 2025, the installed capacity of power batteries in China reached 57.1 GWh, marking a year-on-year growth of 43.1% [7] - Hangzhou has issued a management implementation plan for the innovative application of intelligent connected vehicles, aiming to promote the development of the entire industry chain [8] - GAC Toyota announced collaborations with Xiaomi and Huawei to integrate smart ecosystems into their vehicles [9] - XPeng Motors launched its intelligent driving assistance model VLA-OL, claiming a significant enhancement in autonomous driving capabilities [10] - Leap Motor has opened its first store in Hong Kong, marking its entry into the market [11] - BYD plans to build a megawatt-level fast charging network in Europe, aiming to enhance the convenience of electric vehicle charging [12] Foreign News - The UK plans to launch a commercial trial for autonomous driving in 2026, allowing businesses to operate small-scale autonomous taxi and bus services [13] - General Motors is shifting some production capacity from Mexico to the U.S. to avoid tariffs, investing $4 billion in U.S. factories and creating 3,000 to 4,000 jobs [14] - Polestar is restarting its market expansion with France as a strategic focus, aiming to establish a significant presence in Europe [15] - The new BMW iX3 is set to debut at the Munich Auto Show in September 2025, with production expected to start by the end of the year [16] Commercial Vehicles - The Ministry of Transport is standardizing and upgrading "Driver's Home" facilities at highway service areas, with plans to add over 1,000 standardized facilities by April 2026 [18][19] - China National Heavy Duty Truck Group launched the G7H gas tractor in Yinchuan, emphasizing its efficient and powerful gas engine [20] - Shenyang Jinbei and Xiamen Jianfa are collaborating to expand their global commercial vehicle market presence [21] - The Qingling T28 entrepreneur pickup has been launched in multiple regions across the country, targeting the high-quality commercial pickup market [22]