BYD, XIAOMI-W, LI AUTO-W, and LEAPMOTOR Pledge to Meet Payment Obligations
CAAM Guidelines Support: The China Association of Automobile Manufacturers (CAAM) has issued guidelines for payment to suppliers, receiving backing from the Ministry of Industry and Information Technology (MIIT) and other national departments.
Commitment from Automakers: Major car manufacturers, including BYD, LI AUTO, and GWMOTOR, have committed to maintaining payment terms within 60 days, ensuring timely acceptance of goods, and protecting supplier rights to enhance supply chain resilience.
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DONGFENG GROUP Makes Significant Strides in Privatization; VOYAH's Hong Kong Listing Submitted to CSRC
Privatization and Spin-off Progress: Dongfeng Group has made significant progress in the privatization and spin-off of its high-end new energy vehicle brand, VOYAH, for a listing in Hong Kong.
Pre-Conditions Status: Three major pre-conditions for the merger have been established, with two already fulfilled and the third partially completed, pending final approvals from the Hong Kong Stock Exchange.
HSI Closes Up 239 Points; BABA-W Jumps Over 3%; DONGFENG GROUP Soars Approximately 7%
Market Performance: The HSI rose by 239 points (0.9%) to close at 26,848, with the HSCEI and HSTECH also showing gains, while total market turnover reached HKD315.192 billion.
Technology Sector Highlights: Notable gains were seen in BABA-W (+3.6%) and ALI HEALTH (+2.8%), while some AI stocks like SENSETIME-W and WEIMOB INC experienced declines of 4.9% and 4.5%, respectively.
Chip Stocks Movement: Chip stocks faced losses, with BIREN TECH and ILUVATAR COREX dropping 7.7% and 8.9%, while ASMPT and COWELL saw gains of 3.6% and 8.1%.
Automotive Sector Developments: Supported by a new tariff deal between China and the EU, BYD COMPANY and other car manufacturers like GWMOTOR and XPENG-W saw increases, while XIAOMI-W declined by 2%.
BYD Shares Increase 4% as Auto Manufacturers Surge Following CN-EU Agreement on EV Tariffs
EU-China Tariff Agreement: The European Union has reached a consensus with China regarding tariffs on electric vehicles, requiring Chinese exporters to submit price commitment letters before entering the EU market.
Auto Stocks Performance: Following the tariff announcement, several Chinese carmakers, including BYD, CHERY, and GEELY, saw significant stock price increases, with BYD rising by nearly 4% and other brands also experiencing gains.
CATL Enters into 10-Year Enhanced Partnership Agreement with Voyah Auto
Cooperation Agreement: CATL has signed a ten-year cooperation agreement with DONGFENG GROUP's Voyah Auto, focusing on new technology, product supply, brand collaboration, and global market efforts.
Electric Mobility Focus: The partnership aims to enhance electric mobility experiences by providing safer, more efficient, and longer-range vehicles, while also promoting high-end, intelligent, and global development in the new energy vehicle industry.
DONGFENG GROUP Suggests Appointment of New Executive Director and President
Appointment of Executive Director: Dongfeng Group has proposed the appointment of Feng Changjun as an executive director, who will not receive any remuneration for this role.
Extraordinary General Meeting: A resolution for Feng's appointment will be presented at an extraordinary general meeting for approval through an ordinary resolution.
Additional Roles for Feng: If approved, Feng will also take on the roles of president and authorized representative in accordance with the Listing Rules.
Changes in Authorized Representation: Following Feng's appointment, current executive director Yang Qing will remain in his position but will no longer serve as the authorized representative.
AITO M6 Set to Launch in the Second Quarter of 2026
AITO M6 Launch: AITO, a new energy vehicle brand from SERES and Huawei, plans to launch the M6 model in the second quarter of 2026, targeting the household SUV market with a price of RMB250,000.
Powertrain and Features: The M6 will feature a powertrain similar to other AITO models, offering both extended-range and pure electric versions, and is expected to include Huawei's ADS 4.0 intelligent driving system and HarmonySpace 5.0 cabin system.
DONGFENG GROUP Makes Significant Strides in Privatization; VOYAH's Hong Kong Listing Submitted to CSRC
Privatization and Spin-off Progress: Dongfeng Group has made significant progress in the privatization and spin-off of its high-end new energy vehicle brand, VOYAH, for a listing in Hong Kong.
Pre-Conditions Status: Three major pre-conditions for the merger have been established, with two already fulfilled and the third partially completed, pending final approvals from the Hong Kong Stock Exchange.
HSI Closes Up 239 Points; BABA-W Jumps Over 3%; DONGFENG GROUP Soars Approximately 7%
Market Performance: The HSI rose by 239 points (0.9%) to close at 26,848, with the HSCEI and HSTECH also showing gains, while total market turnover reached HKD315.192 billion.
Technology Sector Highlights: Notable gains were seen in BABA-W (+3.6%) and ALI HEALTH (+2.8%), while some AI stocks like SENSETIME-W and WEIMOB INC experienced declines of 4.9% and 4.5%, respectively.
Chip Stocks Movement: Chip stocks faced losses, with BIREN TECH and ILUVATAR COREX dropping 7.7% and 8.9%, while ASMPT and COWELL saw gains of 3.6% and 8.1%.
Automotive Sector Developments: Supported by a new tariff deal between China and the EU, BYD COMPANY and other car manufacturers like GWMOTOR and XPENG-W saw increases, while XIAOMI-W declined by 2%.
BYD Shares Increase 4% as Auto Manufacturers Surge Following CN-EU Agreement on EV Tariffs
EU-China Tariff Agreement: The European Union has reached a consensus with China regarding tariffs on electric vehicles, requiring Chinese exporters to submit price commitment letters before entering the EU market.
Auto Stocks Performance: Following the tariff announcement, several Chinese carmakers, including BYD, CHERY, and GEELY, saw significant stock price increases, with BYD rising by nearly 4% and other brands also experiencing gains.
CATL Enters into 10-Year Enhanced Partnership Agreement with Voyah Auto
Cooperation Agreement: CATL has signed a ten-year cooperation agreement with DONGFENG GROUP's Voyah Auto, focusing on new technology, product supply, brand collaboration, and global market efforts.
Electric Mobility Focus: The partnership aims to enhance electric mobility experiences by providing safer, more efficient, and longer-range vehicles, while also promoting high-end, intelligent, and global development in the new energy vehicle industry.
DONGFENG GROUP Suggests Appointment of New Executive Director and President
Appointment of Executive Director: Dongfeng Group has proposed the appointment of Feng Changjun as an executive director, who will not receive any remuneration for this role.
Extraordinary General Meeting: A resolution for Feng's appointment will be presented at an extraordinary general meeting for approval through an ordinary resolution.
Additional Roles for Feng: If approved, Feng will also take on the roles of president and authorized representative in accordance with the Listing Rules.
Changes in Authorized Representation: Following Feng's appointment, current executive director Yang Qing will remain in his position but will no longer serve as the authorized representative.
AITO M6 Set to Launch in the Second Quarter of 2026
AITO M6 Launch: AITO, a new energy vehicle brand from SERES and Huawei, plans to launch the M6 model in the second quarter of 2026, targeting the household SUV market with a price of RMB250,000.
Powertrain and Features: The M6 will feature a powertrain similar to other AITO models, offering both extended-range and pure electric versions, and is expected to include Huawei's ADS 4.0 intelligent driving system and HarmonySpace 5.0 cabin system.
