记者丨焦文娟 编辑丨张明艳 宝马集团大中华区迎来关键人事调整，德国本土老将接棒，成为这家豪华品牌在华电动化转型 深水区的新掌舵人。 1月30日，宝马集团宣布，自2026年4月1日起，54岁的柯睿辰（Christian Ach）将接替高翔 （Sean Green），出任宝马集团大中华区总裁兼首席执行官。 宝马集团在公告中称，高翔结 束了在华超过十年的任期，将调回集团担任其他要职。 但这位离任帅印的掌舵人，早已预见市场的深刻变化。高翔此前在2025年广州车展期间接受媒 体采访时曾直言："过去，豪华品牌相较于本土品牌享有溢价是相对容易实现的，但如今市场 环境已截然不同。"他预见到，"未来的品牌溢价，相比过去将显著降低。" 这份预判，正成为柯睿辰接手后的现实难题。2025年， 宝马在华销量为62.55万辆，同比下滑 12.5%。 这一数字已跌回2017年左右的水平。然而，宝马的困境并非个例，而是整个德系豪 华阵营的集体写照。 2025年，奔驰、宝马、奥迪（BBA）三巨头在华合计销量较上年减少约 26万辆。 更值得警惕的是，宝马在中国市场的销量下滑呈现出连续性。从2023年82.5万辆的高点，跌至 2024年的71.4 ...

Core Viewpoint - BMW Group announced a projected global vehicle delivery of 2,463,715 units in 2025, representing a 0.5% year-on-year increase, with electric vehicle deliveries reaching 642,087 units, up 8.3% [1] Group 1: Global Performance - The total global vehicle deliveries for BMW Group in 2025 are expected to be 2,463,715 units, marking a 0.5% increase compared to the previous year [1] - Electric vehicle deliveries are projected to be 642,087 units, which is an 8.3% increase year-on-year [1] - Pure electric vehicle deliveries are expected to reach 442,072 units, showing slight growth [1] Group 2: China Market - In the Chinese market, BMW Group anticipates delivering over 625,000 BMW and MINI brand vehicles in 2025 [1] - The BMW M family is expected to achieve annual sales exceeding 10,000 units, reflecting a 27.9% year-on-year growth [1] - MINI brand sales are projected to grow by over 25% year-on-year [1] - The 3 Series and 5 Series are expected to maintain their competitive positions in their respective market segments [1] Group 3: Future Product Launches - In 2026, BMW Group plans to introduce approximately 20 new products under the BMW, MINI, and BMW motorcycle brands for Chinese consumers [1] - The domestically produced long-wheelbase version of the new generation BMW iX3 is set to make its global debut in the first half of the year and will be launched in the second half [1]

Core Viewpoint - The CEO of Motability, Andrew Miller, received a significant pay increase amid public criticism of the scheme, which provides expensive cars to disability benefit claimants, while the organization reported substantial revenue growth from its operations [1][3][4]. Financial Performance - Motability's revenues from renting vehicles increased by 23.5% to £3.5 billion, driven by rising demand from personal independence payment (PIP) recipients [4] - Overall revenues rose by 4.1% to £7.2 billion, although turnover from selling old cars decreased by 11% to just under £3.6 billion compared to the previous year [5] - The organization received 186,000 new lease applications in the year ending September 30, contributing to a nearly 10% growth in customer numbers, surpassing 890,000 [8] Leadership and Compensation - Andrew Miller's total pay rose by 25% to £924,000, including a £300,000 bonus, reflecting the increased complexity of his role, particularly in managing the transition to electric vehicles [1][6] - Miller's base salary increased by 9% to just over £500,000, along with additional benefits such as a £21,000 car allowance and private medical cover [2] Strategic Changes - Motability announced plans to eliminate access to high-end brands like BMW and Mercedes-Benz, focusing instead on introducing more British-made vehicles [4] - The organization is adapting to a growing number of benefit claimants, with forecasts indicating that one in eight people will be claiming disability benefits by 2030 [10]

Group 1: BMW Group Performance - BMW Group delivered 588,300 vehicles in Q3 2025, a year-on-year increase of 8.8% [1] - Cumulative deliveries of BMW, MINI, and Rolls-Royce reached 1,795,894 units by the end of September, a slight increase of 2.4% compared to the previous year [1] - In Q3, a total of 151,282 electric (BEV) and plug-in hybrid (PHEV) vehicles were delivered, with a total of 470,313 new energy vehicles sold in the first three quarters, marking a 15.0% year-on-year growth [3] Group 2: Mercedes-Benz Sales - Mercedes-Benz sold 525,300 vehicles globally in Q3, with pure electric vehicle sales increasing by 22% quarter-on-quarter and 9% year-on-year [4] - High-end model sales grew by 5% quarter-on-quarter and 10% year-on-year, reaching 67,800 units, accounting for 15.4% of total sales [6] Group 3: Hongmeng Zhixing Performance - Hongmeng Zhixing received over 48,500 large orders during the National Day holiday, averaging about 6,000 units sold per day [6] - In September, the company delivered 52,916 new vehicles, surpassing 950,000 cumulative deliveries, with new orders exceeding 110,000, setting a historical high [8] Group 4: New Energy Vehicle Tax Policies - The Ministry of Industry and Information Technology, along with other departments, announced new requirements for the exemption of vehicle purchase tax for new energy vehicles for 2026-2027 [9] - Pure electric passenger vehicles must meet specific energy consumption limits, while plug-in hybrid vehicles have defined requirements for electric range and fuel consumption [9][10] Group 5: Dongfeng and Huawei Collaboration - Dongfeng and Huawei launched a public naming campaign for their joint DH project, emphasizing a two-character brand name that signifies intelligent travel [10] - The DH project, initiated in January, aims to develop a high-end intelligent full-size SUV expected to launch in 2026 [12] Group 6: Dongfeng Nissan's New Engine - Dongfeng Nissan's first plug-in hybrid vehicle, the N6, features the newly developed NR15 engine, which was officially launched on September 30 [13] - The N6 is positioned as a mid-size car with a hybrid system combining a 1.5L naturally aspirated engine and an electric motor, offering two pure electric range options of 125 km and 130 km [15] Group 7: International Standard for Smart Mobility - The proposal for the international standard on "Safety and Privacy in Smart Mobility Services" has been successfully initiated, with support from multiple countries [16] - This standard aims to establish a common framework for smart mobility services, focusing on safety measures and data flow among stakeholders [16] Group 8: BYD Han Long Range Version Launch - BYD launched the Han Long Range version with prices starting from 159,800 yuan after subsidies, featuring significant advancements in range and efficiency [17] - The Han DM-i Long Range version offers a pure electric range of 245 km and a fuel consumption of only 3.44L/100km, while the EV version provides a range of 635 km to 705 km [19]

As filed with the U.S. Securities and Exchange Commission on December 28, 2023 Registration No. 333-[●] UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 CHEETAH NET SUPPLY CHAIN SERVICE INC. (Exact name of registrant as specified in its charter) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) 6201 Fairview Road, Suite 225 Charlotte, North Carolina, 28210 (704) 972-0209 (Ad ...

(State or other jurisdiction of incorporation or organization) As filed with the U.S. Securities and Exchange Commission on April 7, 2023 Registration No. 333-[●] UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 CHEETAH NET SUPPLY CHAIN SERVICE INC. (Exact name of registrant as specified in its charter) (Primary Standard Industrial Classification Code Number) North Carolina 5010 81-3509120 (I.R.S. Employer Identification ...