Domestic News - In November, the manufacturing PMI was reported at 49.2%, an increase of 0.2 percentage points from the previous month, indicating an improvement in economic conditions [2] - Large enterprises had a PMI of 49.3%, down 0.6 percentage points from last month, while medium and small enterprises reported PMIs of 48.9% and 49.1%, respectively, with increases of 0.2 and 2.0 percentage points, both remaining below the critical point [2] Industry News - The 23rd Guangzhou International Auto Show attracted 855,000 visitors, featuring 93 new car launches and a total of 1,085 vehicles on display, with 629 of them being new energy vehicles, accounting for 58% of the total [4] - A meeting on the standardization of power battery recycling was held in Ningde, emphasizing the importance of establishing a standardized system to support the high-quality development of the new energy industry and promote a green and low-carbon transformation of manufacturing [3] International News - Volkswagen Group appointed Ludwig Fazel as the new head of group strategy, effective December 1, 2025, who will report directly to the CEO [5] - Hyundai Motor Group announced a new collaboration with Michelin to accelerate the development of next-generation tire technology, continuing their previous partnerships [6] - Tesla's FSD testing in Spain has progressed, with the country becoming a key hub for testing under the ES-AV plan, allowing for remote monitoring and expanding the fleet of vehicles authorized for public road testing [7] - The UK saw a significant decline in vehicle production in October, with a 30.9% year-on-year drop to 62,116 units, including a 23.8% decrease in passenger car production [8] Company News - Mahindra launched a new seven-seat electric SUV, the XEV 9S, priced at approximately 2 million Indian Rupees (around 158,300 RMB), aiming to capture a larger market share in India's electric vehicle sector [11] - Genesis confirmed the production of its first mid-engine supercar, the Magma GT, and plans to introduce a full range of derivative models to compete with the Porsche 911 [12] - Xiaomi Auto announced the opening of 17 new stores in November, bringing the total to 441 across 131 cities, with plans for 36 more stores in December [14] - Li Auto entered the Russian market with the official pricing of its L6, L7, and L9 series models, ranging from 626,000 to 862,000 RMB, in collaboration with a local partner for sales and service [15] - Ganfeng Lithium announced plans to issue $100 million in exchangeable notes to the African Development Fund, which can be converted into preferred shares of its subsidiary [16]