| 東 位 | | | 产 | 量(辆) | | | | | 销 | 量(辆) | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 本月数 | 去年 | 月度 | 本年 | 去年 | 累计 | 本月数 | 去年 | 月度 | 本年 | 去 | | | | 同期 | 同比 | 累计 | 累计 | 同比 | | 同期 | 同比 | 累计 | 累 | | 广汽本田汽车 有限公司 | 37.571 | 44.745 | -16.03% | 317.618 | 372.917 | -14.83% | 41.366 | 39.143 | 5.68% | 300.942 | 391 | | 广汽丰田汽车 有限公司 | 74.783 | 75,245 | -0.61% | 683,204 | 664.978 | 2.74% | 73.500 | 73.000 | 0.68% | 687.183 | 661 | | 广汽传祺汽车 有限公司 | 35,260 | 40.447 | -12.82% | 312.454 | ...

GUANGZHOU AUTOMOBILE GROUP CO., LTD. 廣州汽車集團股份有限公司 ( 於中華人民共和國註冊成立的股份有限公司 ) 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，概不對 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。 1. 「其他」含廣汽領程新能源商用車有限公司等。 (股份編號: 2238) 廣州汽車集團股份有限公司 2025 年 11 月份產銷快報 廣州汽車集團股份有限公司「( 本公司」) 2025 年 11 月汽車產量為 187,461 輛，與去年同期比較下降 9.71%，本年累計產量為 1,579,127 輛，與去年同期比較下降 7.62%；2025 年 11 月汽車銷量為 179,652 輛，與去年同期比較下降 9.72%，本年累計銷量為 1,534,036 輛，與 去年同期比較下降 10.80%。各主要投資企業產銷數據如下： | | | | 產 量（輛） | | | | 銷 | | | 量（輛） | | | | --- | --- | --- | --- | -- ...

Core Viewpoint - The article discusses the adjustments to the vehicle and vessel tax exemption policies for energy-saving and new energy vehicles, which will take effect on January 1, 2026, to align with technological advancements in the industry [9][11]. Policy Background - The adjustments are made to adapt to the development of energy-saving and new energy vehicle industries and to incorporate new standards such as the "Passenger Car Fuel Consumption Limits" (GB 19578—2024) and "Light Commercial Vehicle Fuel Consumption Limits and Evaluation Indicators" (GB 20997—2024) [11]. Vehicle Model Scope - The new policy will affect various types of vehicles, including energy-saving and new energy passenger cars and commercial vehicles [13]. Transition from Old to New Policy - Vehicles purchased before January 1, 2026, that have already applied for tax exemptions will continue to enjoy benefits under the old policy [15]. - From January 1, 2026, new applications for tax exemptions must comply with the new requirements and be listed in the updated directory of eligible vehicles [15]. Handling of Old Directory Models - The old directory models will be phased out, but those that meet the new requirements will automatically transition to the new directory without additional action required from vehicle manufacturers [16]. - If old directory models do not meet the new standards, manufacturers must rectify and reapply before January 1, 2026, to continue enjoying tax benefits [16]. Tax Filing Practices - Insurance institutions will collect and remit the vehicle and vessel tax based on the discounted amount during the mandatory traffic accident liability insurance process, eliminating the need for additional applications [18]. - For self-filing, taxpayers can use electronic tax services or tax service halls to submit relevant proof of eligibility for tax exemptions [19]. Important Reminders - Vehicles purchased before the new directory announcement that are listed in the old directory will continue to enjoy tax exemptions regardless of transfer [21]. - It is advisable for consumers planning to purchase vehicles in 2026 to verify if the vehicle is included in the new directory to avoid issues with tax benefits [21].

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，概不對 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。 GUANGZHOU AUTOMOBILE GROUP CO., LTD. 廣州汽車集團股份有限公司 ( 於中華人民共和國註冊成立的股份有限公司 ) (股份編號: 2238) 廣州汽車集團股份有限公司 2025 年 10 月份產銷快報 廣州汽車集團股份有限公司「( 本公司」) 2025 年 10 月汽車產量為 154,095 輛，與去年同期比較下降 8.30%，本年累計產量為 1,391,666 輛，與去年同期比較下降 7.33%；2025 年 10 月汽車銷量為 170,731 輛，與去年同期比較下降 8.10%，本年累計銷量為 1,354,384 輛，與 去年同期比較下降 10.94%。各主要投資企業產銷數據如下： | | | 產 量（輛） | | | | | 銷 | | | 量（輛） | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- ...

Core Viewpoint - The announcement from the Ministry of Industry and Information Technology, the Ministry of Finance, and the State Taxation Administration outlines adjustments to the technical requirements for energy-saving and new energy vehicles to qualify for vehicle and vessel tax incentives, effective January 1, 2026 [2][3]. Summary by Sections Section 1: Updates to Fuel Consumption Standards - The fuel consumption limits for energy-saving passenger cars, light commercial vehicles, and heavy commercial vehicles will be updated as per the new standards outlined in the announcement [2]. Section 2: Adjustments to Technical Requirements - The technical requirements for new energy vehicle products will be adjusted, with specific details provided in the attached documents [2]. Section 3: Implementation Timeline - The new regulations will take effect on January 1, 2026. Prior to this date, companies that have completed applications will continue to follow the previous regulations [3]. Section 4: Transition to New Directory - A new directory for vehicles eligible for tax incentives will be established, and vehicles that do not meet the new technical requirements must be rectified and re-applied by January 1, 2026 [3]. Section 5: Continuation of Benefits for Existing Vehicles - Vehicles listed in the previous directories (from the fourth to the eighty-first batch) will continue to enjoy tax incentives regardless of transfer, as long as they meet the previous requirements [3].

Core Viewpoint - The Ministry of Industry and Information Technology, the Ministry of Finance, and the State Taxation Administration have jointly announced adjustments to the technical requirements for energy-saving and new energy vehicles eligible for vehicle and vessel tax exemptions, effective from January 1, 2026 [1][4]. Summary by Sections Announcement Details - The announcement will be implemented starting January 1, 2026, and the previous announcement (2024 No. 10) will be abolished simultaneously [4]. - Applications completed before January 1, 2026, will continue to follow the previous technical requirements [4]. Technical Requirements Updates - The comprehensive fuel consumption limits for energy-saving passenger cars, light commercial vehicles, and heavy commercial vehicles will be updated [3]. - Adjustments to the technical requirements for new energy vehicle products are detailed in the announcement [3]. New Directory - A new directory for energy-saving and new energy vehicles eligible for tax exemptions will be established, starting from the 82nd batch [4][5]. - Vehicles that meet the new technical requirements will be included in this new directory, while those that do not comply must rectify and reapply before January 1, 2026 [5]. Specific Technical Requirements - For plug-in hybrid passenger vehicles, the electric-only range must be no less than 100 kilometers [26]. - For pure electric buses, the range must be no less than 200 kilometers, and for plug-in hybrid buses, it must be no less than 50 kilometers [28]. - Pure electric trucks must have a range of no less than 80 kilometers, while plug-in hybrid trucks must meet a minimum electric range of 50 kilometers [29]. - Fuel cell commercial vehicles must have a rated power of no less than 50 kW and a hydrogen range of no less than 300 kilometers [30][31].

Core Insights - GAC Group reported a total vehicle production of 179,178 units in September, representing a year-on-year increase of 11.17%, but a cumulative production of 1,237,571 units for the year, which is a decrease of 7.21% compared to the previous year [3] - The total vehicle sales in September were 173,176 units, showing a year-on-year decline of 5.17%, with a cumulative sales figure of 1,183,653 units for the year, down 11.34% from last year [3] GAC Honda - In September, GAC Honda produced 33,555 units, a decrease of 2.52% year-on-year, with a cumulative production of 249,267 units for the year, down 14.79% [1] - The sales for September were 32,808 units, reflecting a year-on-year decline of 6.61%, with a cumulative sales figure of 223,905 units, down 27.58% year-on-year [1] GAC Toyota - GAC Toyota's production in September reached 81,459 units, an increase of 24.86% year-on-year, with a cumulative production of 550,593 units for the year, up 6.20% [2] - The sales for September were 76,500 units, showing a year-on-year growth of 5.84%, with a cumulative sales figure of 543,183 units, up 4.89% year-on-year [2] GAC Trumpchi - GAC Trumpchi produced 36,106 units in September, a year-on-year increase of 3.91%, but the cumulative production for the year was 237,502 units, down 19.57% [2] - The sales in September were 36,078 units, reflecting a year-on-year increase of 3.77%, with a cumulative sales figure of 233,092 units, down 15.84% year-on-year [2] GAC Aion - GAC Aion's production in September was 27,606 units, a year-on-year increase of 3.31%, with a cumulative production of 197,583 units for the year, down 12.54% [2] - The sales for September were 27,297 units, showing a significant year-on-year decline of 32.37%, with a cumulative sales figure of 181,416 units, down 19.99% year-on-year [2] Other Brands - Other brands produced 452 units in September, a remarkable year-on-year increase of 822.45%, with a cumulative production of 2,626 units for the year, up 73.33% [2] - The sales for September were 493 units, reflecting a year-on-year increase of 447.78%, but the cumulative sales figure for the year was 2,057 units, down 51.92% [2] New Energy Vehicles - The production of new energy vehicles in September was 41,820 units, a year-on-year increase of 28.33%, with a cumulative production of 292,786 units for the year, up 1.97% [4] - The sales for September were 42,565 units, showing a year-on-year decline of 9.24%, with a cumulative sales figure of 268,343 units, down 4.99% year-on-year [4] Energy-Saving Vehicles - Energy-saving vehicles produced 50,379 units in September, a year-on-year increase of 21.43%, with a cumulative production of 331,974 units for the year, up 11.86% [4] - The sales for September were 46,968 units, reflecting a year-on-year growth of 2.96%, with a cumulative sales figure of 326,413 units, up 6.70% year-on-year [4]

| | | | 產 量（輛） | | | | | 銷 | 量（輛） | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 單 位 | | | 月度同比 | | 累計同比 | | | 月度同比 | | | 累計同比 | | | 本月數 | 去年同期 | 增減 | 本年累計 | 去年累計 | 增減 本月數 | 去年同期 | 增減 | 本年累計 | 去年累計 | 增減 | | | | | （%） | | | （%） | | （%） | | | （%） | | 廣汽本田汽車 有限公司 | 33,555 | 34,421 | -2.52% | 249,267 | 292,530 | -14.79% | 32,808 35,130 | -6.61% | 223,905 | 309,169 | -27.58% | | 廣汽豐田汽車 有限公司 | 81,459 | 65,242 | 24.86% | 550,593 | 518,468 | 6.20% | 76,500 72,278 | 5.84% | 543,183 ...

Core Viewpoint - The announcement from the Ministry of Industry and Information Technology, Ministry of Finance, and State Taxation Administration outlines updates to the technical requirements for energy-saving and new energy vehicles eligible for vehicle and vessel tax exemptions, effective from January 1, 2026 [1][5][6]. Summary by Sections Section 1: Updates to Fuel Consumption Standards - The fuel consumption limits for energy-saving passenger cars, light commercial vehicles, and heavy commercial vehicles will be updated as per the new standards [5][6]. - Specific limits are detailed in attachments for different vehicle categories, ensuring compliance with the latest regulations [5][6]. Section 2: Adjustments to Technical Requirements - Adjustments to the technical requirements for new energy vehicles are specified, continuing to follow the previous regulations until the new standards take effect [5][6]. Section 3: Implementation Timeline - The new regulations will be implemented starting January 1, 2026, with the previous regulations remaining in effect for applications submitted before this date [6]. - Vehicles that meet the new technical requirements will be included in a new directory for tax exemptions, while those that do not comply must be rectified and re-applied by the deadline [6]. Section 4: Continuation of Existing Benefits - Vehicles listed in previous directories will continue to enjoy tax exemptions regardless of their transfer status until the new directory is announced [6]. Section 5: Technical Requirements for New Energy Vehicles - New energy passenger vehicles must meet specific electric range and fuel consumption standards, including a minimum electric range of 100 km for plug-in hybrid vehicles [24][25]. - New energy buses and trucks have distinct requirements for electric range and energy consumption, ensuring they meet modern efficiency standards [27][28].

Core Viewpoint - The article discusses the adjustment of technical requirements for energy-saving and new energy vehicles to qualify for vehicle and vessel tax exemptions, effective from January 1, 2026, in response to advancements in the industry and technology [2][3][4]. Summary by Sections Announcement of Adjustments - The Ministry of Industry and Information Technology, the Ministry of Finance, and the State Taxation Administration have jointly issued an announcement to update the technical requirements for energy-saving and new energy vehicles to enjoy tax benefits [3][4]. - The new requirements will replace the previous regulations outlined in the 2018 document and will be effective from January 1, 2026 [2][4]. Technical Standards Updates - The comprehensive fuel consumption limits for energy-saving passenger cars, light commercial vehicles, and heavy commercial vehicles will be updated according to the new standards [3][4]. - Specific technical requirements for new energy vehicle products will also be adjusted, as detailed in the attached documents [3][4]. Implementation and Transition - The new technical requirements will apply to new applications for tax exemptions starting January 1, 2026, while applications completed before this date will follow the previous regulations [4]. - A new directory for energy-saving and new energy vehicles eligible for tax exemptions will be established, and vehicles that do not meet the new requirements must be rectified and re-applied by the deadline [4]. Technical Requirements for New Energy Vehicles - Plug-in hybrid vehicles must have an electric-only range of at least 100 kilometers, with specific fuel consumption limits based on vehicle weight [25][26]. - Electric buses must have a minimum range of 200 kilometers, while electric trucks must have a range of at least 80 kilometers [27][29]. - Fuel cell commercial vehicles must meet specific power and efficiency standards, including a minimum rated power of 50 kW and a hydrogen range of at least 300 kilometers [31][32].