Core Viewpoint - Shanghai New Power Automotive Technology Co., Ltd. announced the extension of the deadline for recruiting investors for the restructuring of its wholly-owned subsidiary, SAIC Hongyan, to September 30, 2025, to ensure optimal outcomes for the recruitment process and protect the rights of all parties involved [1][3]. Group 1 - The Chongqing Fifth Intermediate People's Court accepted the bankruptcy restructuring case of SAIC Hongyan on July 18, 2025, and appointed Taihe Tai (Chongqing) Law Firm and Xinyong Zhonghe Accounting Firm as the managers [3]. - The initial deadline for investor registration was set for September 20, 2025, but has now been extended to September 30, 2025, with all other terms of the recruitment announcement remaining unchanged [3][4]. - The restructuring process faces uncertainties, including the potential failure of the restructuring plan to pass votes or receive court approval, which may affect the execution of the plan [4].

Core Viewpoint - The launch event of the new wide-body heavy-duty small truck, Xiangling V5, in the Beijing-Tianjin-Hebei region was highly successful, with significant sales achieved in a short time frame, indicating strong market demand and enthusiasm among customers [1][15]. Group 1: Product Launch and Market Response - The Xiangling V5 was officially launched in the Beijing-Tianjin-Hebei region, attracting considerable attention and participation from local customers [6][22]. - The event saw a remarkable sales performance, with 388 units sold within just 2 hours, reflecting a robust market response [1][15]. - Seven major clients signed contracts for a total of 358 units during the event, showcasing the product's appeal to large customers [12][15]. Group 2: Regional Logistics Enhancement - Xiangling V5 is positioned to enhance the logistics ecosystem in the Beijing-Tianjin-Hebei region, addressing diverse last-mile logistics needs effectively [4][22]. - The vehicle's comprehensive advantages are expected to contribute to the improvement and upgrading of regional logistics efficiency [4][22]. Group 3: Promotional Offers and Customer Engagement - The launch event featured attractive promotional offers, including six major gifts for customers, aimed at boosting sales and customer satisfaction [9][11]. - Customers participating in the event could enjoy various incentives, such as a 2,500 yuan purchase subsidy and a 6-year or 200,000 km warranty [11][12]. - The company is organizing nationwide group purchase events to further engage customers and drive sales [11][12].