Group 1 - BYD and Geely are reportedly shortlisted for the acquisition of the Nissan-Mercedes-Benz factory in Mexico [1] - The factory, located in Guanajuato, Mexico, primarily produces the Mercedes GLB and Nissan Sentra models, and has established production qualifications and supply chain support [1] - The strategic location of the factory allows it to serve both North and South American markets, which is a key factor attracting Chinese automakers [1] Group 2 - The acquisition interest comes amid increased layoffs and factory shutdowns in Mexico due to U.S. tariff policies [1] - Chinese companies are actively seeking to establish manufacturing bases in Mexico as part of their expansion strategy [1]

Core Viewpoint - The domestic narrow passenger car market in China experienced a retail sales decline of 13.9% year-on-year in January 2026, with sales reaching 1.544 million units, attributed to the end of the 12-year new energy vehicle purchase tax exemption policy, leading to a temporary dip in demand [2][4]. Sales Data Summary Wholesale Sales Rankings (January 2026) - Geely Automobile led with 270,167 units sold, a 1.3% increase, capturing 13.7% market share - BYD Automobile followed with 205,518 units, down 30.7%, holding 10.4% market share - Chery Automobile sold 193,969 units, down 12.0%, with a 9.8% market share - Volkswagen sold 128,001 units, down 1.7%, with a 6.5% market share - SAIC Passenger Vehicle sales increased by 53.6% to 77,421 units, capturing 3.9% market share [6]. Retail Sales Rankings (January 2026) - Geely Automobile again led with 209,661 units sold, down 12.6%, holding 13.6% market share - Volkswagen sold 132,300 units, down 3.5%, with an 8.6% market share - BYD's retail sales dropped significantly by 53.0% to 94,176 units, capturing 6.1% market share - SAIC Volkswagen sold 89,600 units, down 9.3%, with a 5.8% market share - Changan Automobile's sales decreased by 33.5% to 81,074 units, holding 5.2% market share [7]. New Energy Vehicle (NEV) Wholesale Sales Rankings (January 2026) - BYD led NEV sales with 205,518 units, down 30.7%, capturing 23.8% market share - Geely followed with 124,252 units, up 2.6%, holding 14.4% market share - Tesla China sold 69,129 units, up 9.3%, with an 8.0% market share - Chery sold 46,802 units, down 14.9%, with a 5.4% market share - SAIC Passenger Vehicle saw a significant increase of 576.9% to 28,179 units, capturing 3.3% market share [9]. New Energy Vehicle (NEV) Retail Sales Rankings (January 2026) - BYD again led with 94,176 units sold, down 53.0%, holding 15.8% market share - Geely sold 92,135 units, down 21.6%, with a 15.5% market share - Hongmeng Zhixing saw a significant increase of 65.5% to 57,915 units, capturing 9.7% market share - SAIC's sales increased by 83.3% to 40,016 units, holding 6.7% market share - Xiaomi Automobile sold 39,002 units, up 70.3%, with a 6.5% market share [10].

Group 1 - Geely Automobile (00175) announced a share buyback plan on February 13, 2026, with an expenditure of HKD 26.9081 million to repurchase 1.595 million shares [1][3]

本报讯"就拿咱们商用车的底盘装配来说，每一个螺栓的扭矩值都有精准要求，多一圈、少一圈都 不行。"近日，南充市嘉陵职业高级中学与吉利四川商用车有限公司合作的"远程计划"订单班举行 开班仪式，首批50名学生正式开启"校企共育、定向就业"成长之路。 据悉，围绕产业发展需求，嘉陵区已构建起"精准引才—系统育才—暖心留才"全链条人才服务体 系。2025年以来，该区已为重点企业引进硕士以上人才10名，建成7个校地实训基地，累计输送技 能人才200余人次；开展暖心服务，解决人才关键小事50余次，兑现各类人才补贴200余万元。 嘉陵区委组织部负责人表示，下一步将深化人才强区战略，聚焦重点产业优化服务体系，推动人 才链与产业链深度融合，让人才引得进、用得好、留得住，为产业升级注入持久动力。 本栏撰稿 李文星 吕芝姝 姜鲲 四川日报全媒体记者 徐浩煊 据了解，"远程计划"订单班是嘉陵区以人才赋能产业、推动产教深度融合的生动实践。该订单班 创新实行"课堂+车间"双场景教学模式，邀请企业技术骨干全程参与授课，精准对接岗位需求培育 技能人才，学生毕业后可直接入职吉利四川商用车有限公司，实现学习与就业无缝衔接。 ...

Group 1 - Chinese carmakers BYD, Geely, and Vietnam's VinFast are finalists to acquire a Nissan-Mercedes-Benz vehicle plant in Aguascalientes, Mexico, advancing from nine bidders [1] - The Aguascalientes factory, opened in 2017, has an annual capacity of 230,000 vehicles and is being closed due to Nissan ending production of certain models and Mercedes-Benz shifting production to Hungary [2] - Mexico's federal government has encouraged local authorities to postpone approvals for Chinese automotive investments while negotiating trade arrangements with the US, despite lacking authority to block the sale [3] Group 2 - The interest from BYD and Geely highlights the rapid expansion of China's automotive sector, as Mexico's auto industry faces challenges from US tariffs, including a 25% tariff on Mexican-built cars imposed in March 2025 [4] - The tariffs contributed to a nearly 3% decline in exports to the US in 2025 and resulted in approximately 60,000 job losses in the sector last year [4] - The Chinese commerce ministry is aware of the Aguascalientes proposals and has not raised objections to the overseas factory projects [5]

Company News - China Power (02380.HK) signed three independent general contracting agreements with State Nuclear Power Technology Corporation and Shandong Institute, involving a total investment of 768 million yuan [1] - Huitongda Network (09878.HK) completed the acquisition of a 25% stake in Jintongling (300091.SZ), accelerating the implementation of its "integrated production and sales" strategy [1] - CGN New Energy (01811.HK) reported a power generation of 1,647.8 GWh in January, an increase of 7.9% year-on-year [1] - R&F Properties (02777.HK) recorded a contract sales revenue of approximately 720 million yuan in January, a decrease of 8.05% year-on-year [1] - Hopson Development (00754.HK) reported a contract sales amount of approximately 591 million yuan in January, an increase of 24.95% year-on-year [1] - Aoyuan Group (01813.HK) reported contract sales of 325 million yuan in January, a decrease of 35.3% year-on-year [1] - Jianye Real Estate (00832.HK) reported a contract sales amount of 398 million yuan in January, a decrease of 31.1% year-on-year [1] Financial Performance - Shanghai Fudan (01385.HK) projected total revenue of approximately 3.982 billion yuan for 2025, a year-on-year increase of 10.92%, while net profit is expected to be around 232 million yuan, a decrease of 59.42% year-on-year [2] - Ruian Real Estate (00272.HK) issued a profit warning, expecting a net loss attributable to shareholders between 1.7 billion yuan and 1.8 billion yuan for the 2025 fiscal year [2] - YTO Express (06123.HK) issued a profit warning, anticipating a net loss of approximately 145 million to 154 million HKD for the 2025 fiscal year [3] - Baisheng Group (03368.HK) issued a profit warning, expecting a net loss attributable to shareholders of approximately 186 million yuan for the 2025 fiscal year [3] - IFBH (06603.HK) expects a year-on-year decrease in net profit of approximately 27% to 32% for 2025 [4] Strategic Developments - Yingxing Holdings (01440.HK) is exploring the establishment of its AI infrastructure and Software as a Service (SaaS) capabilities to support its AI-driven business plans [5] - Yinger International (08379.HK) has decided to focus on new business in artificial intelligence and industrial digital transformation, concentrating on technology research and commercial applications in the field of digital finance [5] - Samsonite (01910.HK) is seeking shareholder approval for a dual listing share issuance authorization [5] Buyback Activities - Xiaomi Group-W (01810.HK) repurchased 2.7 million shares for a total of approximately 98.36 million HKD, with a buyback price ranging from 36.30 to 36.48 HKD [6] - Geely Automobile (00175.HK) repurchased 1.595 million shares for approximately 26.91 million HKD, with a buyback price ranging from 16.71 to 16.98 HKD [6] - NetEase Cloud Music (09899.HK) repurchased 92,000 shares for approximately 14.96 million HKD, with a buyback price ranging from 160.3 to 166.5 HKD [6] - Kingsoft (03888.HK) repurchased 725,000 shares for approximately 19.99 million HKD, with a buyback price ranging from 27.38 to 27.76 HKD [6] Industry Performance - China Shenhua (01088.HK) reported coal sales of 33.2 million tons in January, an increase of 9.9% year-on-year, and total electricity sales of 20.96 billion kWh, an increase of 34.4% year-on-year [7] - China Southern Airlines (01055.HK) reported a year-on-year decrease of 1.10% in passenger capacity input and a decrease of 2.86% in passenger turnover, with a seat occupancy rate of 83.26%, down 1.51 percentage points year-on-year [7] - China Eastern Airlines (00670.HK) reported a year-on-year decrease of 3.54% in passenger capacity input and a decrease of 1.03% in passenger turnover, with a seat occupancy rate of 85.01%, up 2.16 percentage points year-on-year [7]

Core Insights - In 2025, Chinese automakers achieved a total global sales volume of 27 million vehicles, surpassing Japan for the first time in over 20 years, marking a significant milestone in the automotive industry [1] - Chinese automobile exports reached 8.32 million units in 2025, maintaining the title of the world's largest exporter for the third consecutive year, with Japan trailing at 4.21 million units [1] - Nine Chinese automakers have already set ambitious overseas sales targets for 2026, indicating confidence in continued growth in international markets [1][2] Group 1: Sales Performance - In 2025, Chery, SAIC, and BYD each exceeded 1 million units in overseas sales, with Chery selling 1.34 million units, representing nearly half of its total sales and a 17% increase year-on-year [3] - BYD's overseas sales surged by 145%, showcasing rapid growth from negligible figures to over 1 million units in just four years [3] - The overall export volume of Chinese automobiles grew by 29.9% in 2025, with December alone witnessing a remarkable 73.2% year-on-year increase, reaching 994,000 units [5] Group 2: Market Trends - The export of Chinese new energy vehicles (NEVs) reached 3.43 million units in 2025, a 70% increase, reflecting a growing global acceptance of electric vehicles [8] - In Europe, electric vehicles accounted for a record 19% of the market share in 2025, with Germany producing 1.67 million electric passenger cars, marking a 23% year-on-year growth [10] - Chinese brands are increasingly gaining traction in international markets, with significant sales growth in Australia and Europe, where they are becoming more competitive against traditional automakers [10][12] Group 3: Strategic Developments - Chinese automakers are expanding their presence in North America and Latin America, with Mexico becoming the largest market for Chinese car exports in 2025 [14] - Agreements with Canada allow Chinese companies to export electric vehicles at a reduced tariff rate, indicating a favorable trade environment [16] - The establishment of local supply chains and partnerships in various regions is a strategic move to enhance competitiveness and market penetration [16][17]

Group 1 - The company Geely Automobile (00175) announced a share buyback plan, intending to repurchase 1.595 million shares at a cost of HKD 26.9081 million [1]

Group 1 - The company, Geely Automobile, announced a share buyback on February 13, spending HKD 26.908 million to repurchase 1.595 million shares [1]

Group 1 - The company, Geely Automobile, announced a share buyback plan, intending to repurchase 1.595 million shares at a cost of HKD 26.9081 million [1]