（记者 王晓波） 因公司经营管理需要，公司董事会提名倪尔科先生为公司第九届董事会董事候选人。同时，经公司董事 会提名与薪酬考核委员会审查，董事会同意聘任倪尔科先生为公司总会计师、董事会秘书，任期自本次 董事会会议审议通过之日起至第九届董事会任期届满之日止。关于董事变更尚需提交公司股东会审议。 每经头条（nbdtoutiao）——打造百万元级尊界的江淮，迎来葛卫东、方文艳联手投资：两人各掏10亿 元，公司股价应声大涨！复盘历史：牛散参与定增有赚也有亏 每经AI快讯，长安汽车2月12日晚间发布公告称，公司董事会收到董事张德勇先生提交的书面辞职报 告。张德勇先生因工作变动，申请辞去公司董事、总会计师、董事会秘书职务。张德勇先生辞职不会影 响公司董事会工作的正常运行，辞职报告自送达公司董事会之日起生效。 ...

（记者 王晓波） 每经头条（nbdtoutiao）——打造百万元级尊界的江淮，迎来葛卫东、方文艳联手投资：两人各掏10亿 元，公司股价应声大涨！复盘历史：牛散参与定增有赚也有亏 每经AI快讯，长安汽车2月12日晚间发布公告称，公司第九届第五十三次董事会会议于2026年2月12日 在长安汽车金融城会议室以现场结合视频方式召开。会议审议了《关于董事、高级管理人员变更的议 案》等文件。 ...

重庆长安汽车股份有限公司 关于公司董事、高级管理人员变更的公告 证券代码：000625(200625) 证券简称：长安汽车（长安 B） 公告编号：2026-08 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 意见的情形；与持有公司5%以上股份的股东、实际控制人、公司其他董事、高 级管理人员不存在关联关系；不是失信被执行人；符合有关法律、行政法规、 部门规章、规范性文件、《深圳证券交易所股票上市规则》及交易所其他相关 规定等要求的任职资格。倪尔科先生当选公司非独立董事后，第九届董事会中 兼任公司高级管理人员以及由职工代表担任的董事人数总计不超过公司董事 总数的二分之一，符合相关法律法规的要求。截至本公告披露日，倪尔科先生 暂未取得深圳证券交易所董事会秘书任职培训证明，其具有履行职责所必须的 5年以上财务、管理工作经验，具备董事会秘书任职能力。 关于董事变更尚需提交公司股东会审议。 董事会秘书倪尔科先生的联系方式如下： 一、董事、高级管理人员变更情况 2026 年 2 月 12 日，重庆长安汽车股份有限公司（以下简称"公司"）董 事会收到董事张德勇先生提交的书面 ...

重庆长安汽车股份有限公司 第九届董事会第五十三次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 公司于 2026 年 2 月 12 日在长安汽车金融城会议室以现场结合视频方式召 开第九届董事会第五十三次会议，会议通知及文件于 2026 年 2 月 11 日通过邮 件等方式送达公司全体董事。会议应到董事 7 人，实际参加表决的董事 7 人。 会议由董事长朱华荣先生主持。本次会议的召开符合《公司法》和《公司章程》 等有关规定，会议形成的决议合法、有效。会议审议通过了以下议案： 1.审议通过了《关于董事、高级管理人员变更的议案》 证券代码：000625(200625) 证券简称：长安汽车（长安 B） 公告编号：2026-07 本议案已经公司董事会提名与薪酬考核委员会与审计委员会审议通过。 详细内容见同日披露于巨潮资讯网（www.cninfo.com.cn）及《中国证券 报》《证券时报》《证券日报》《上海证券报》的《关于公司董事、高级管理 人员变更的公告》（公告编号：2026-08）。 关于董事变更尚需提交公司股东会审议。 重庆长安汽车股份有限公司董事会 ...

Core Viewpoint - The retail sales of passenger cars in China experienced a significant decline in January 2026, with a total of approximately 1.544 million units sold, representing a year-on-year decrease of 13.9% [1][2]. Retail Performance - In January 2026, retail sales for different vehicle categories were as follows: sedans at 622,000 units (down 24.7%), MPVs at 79,000 units (up 1.0%), SUVs at 843,000 units (down 5.2%), and microvans at 14,000 units (up 2.5%) [2]. - The total retail sales for narrow passenger vehicles were 1.544 million units, down 13.9% compared to the same month last year [2]. Market Analysis - The decline in the passenger car market is viewed as a short-term fluctuation rather than a long-term trend, attributed to the expiration of the new energy vehicle purchase tax exemption policy at the end of 2025 [3]. - The market is expected to face a low point in February 2026 due to the post-holiday consumption slowdown, which may help alleviate retail inventory pressure [3]. Brand Performance - In January 2026, retail sales for domestic brands were 890,000 units (down 18%), while mainstream joint venture brands sold 470,000 units (down 4%), and luxury vehicles sold 180,000 units (down 15%) [4]. - Major domestic brands like Geely, BYD, Changan, and Chery saw significant declines in retail sales, with Geely down 12.6%, BYD down 53%, Changan down 33.5%, and Chery down 41% [4][6]. Joint Venture Brands - Joint venture brands showed relatively stable performance, with FAW-Volkswagen down 3.5%, SAIC Volkswagen down 9.3%, and BMW Brilliance down 3.9% [6]. - Some joint venture brands, such as FAW Toyota and GAC Toyota, experienced year-on-year growth of 8.3% and 0.3%, respectively [6]. New Energy Vehicle Market - In January 2026, retail sales of new energy vehicles (NEVs) were 596,000 units, down 20% year-on-year, while wholesale sales were 864,000 units, down 3.3% [9]. - The A00-class pure electric vehicle segment saw a drastic decline, with wholesale sales dropping 62%, significantly impacting the overall performance of the new energy vehicle market [11]. Export Performance - New energy vehicles have become a major force in China's passenger car exports, with 139,000 units exported in January 2026, marking a year-on-year increase of 29.4% [13]. - The export of pure electric vehicles accounted for 66% of new energy vehicle exports, with A0 and A00-class vehicles making up 38% of the total new energy vehicle export volume [13]. Future Outlook - The market is expected to enter a recovery phase in February 2026, driven by the gradual implementation of vehicle replacement policies [16]. - However, rising costs due to increased prices of raw materials like lithium and copper may pressure automakers, potentially leading to cautious consumer behavior and affecting demand [16].

Group 1 - The core viewpoint of the article highlights that Changan Automobile's share repurchase plan underscores the company's growth prospects and strengthens investor confidence [1] - The repurchase plan includes a minimum of 700 million yuan and a maximum of 1.4 billion yuan for A-shares, and a minimum of 300 million yuan and a maximum of 600 million yuan for B-shares [1] - The repurchase is based on the company's strong confidence in its strategic development and intrinsic value, aiming to enhance shareholder rights and increase earnings per share [1] Group 2 - Changan Automobile is actively developing intelligent driving technologies and is strategically positioning itself in robotics and flying car businesses to build future competitiveness [1] - The company has strong capabilities in product development and is undergoing a transformation towards electric and intelligent vehicles, with rapid overseas expansion [1] - The acceleration of the electric and intelligent transformation is expected to drive sales growth, with projected net profits of 5.16 billion yuan and 7.59 billion yuan for 2025 and 2026, respectively, corresponding to PE ratios of 21.5 and 14.7 [1]

Overall Market - In January 2026, the retail sales of passenger cars reached 1.544 million units, a year-on-year decrease of 13.9% [14] - The decline in retail sales is attributed to complex market factors and a historical pattern of fluctuating sales in January [14] - The end of the new energy vehicle purchase tax exemption in December 2025 has led to a recovery period for the new energy vehicle market, with some consumers having made purchases in December to take advantage of the policy [14] - January 2026 saw a significant increase in exports, with passenger car exports reaching 576,000 units, a year-on-year increase of 52.0% [16] - The production of passenger cars in January 2026 was 2.003 million units, a year-on-year decrease of 4.4% [16] - The wholesale volume for January 2026 was 1.973 million units, a year-on-year decrease of 6.2% [17] New Energy Market - In January 2026, retail sales of new energy vehicles (NEVs) totaled 596,000 units, down 20.0% year-on-year [18] - The penetration rate of NEVs in the domestic market was 38.6%, while the export penetration rate was 49.6% [15] - The production of NEVs reached 938,000 units, a slight decrease of 0.6% year-on-year [18] - The wholesale volume of NEVs was 864,000 units, down 3.3% year-on-year [18] - The export of NEVs reached 286,000 units, a significant increase of 103.6% year-on-year, accounting for 49.6% of total passenger car exports [22] Company Performance - BYD, Geely, and Chery are leading in the new energy vehicle market, with BYD's sales reaching 205,518 units in January 2026 [24] - The market share of domestic brands in the new energy sector is increasing, with a notable rise in the export of new energy vehicles to Europe and Southeast Asia [15][22] - The new energy vehicle market is characterized by a shift towards higher quality products, with an increase in the proportion of high-end NEVs [15] Market Outlook - February 2026 is expected to see lower sales due to the shorter working days caused by the extended Spring Festival holiday [27] - The market is anticipated to stabilize post-holiday, with potential recovery in the entry-level electric vehicle segment [28] - The overall sentiment in the consumer market remains cautious, influenced by high costs and economic factors [28]

Core Viewpoint - CATL (03750) shares rose over 4%, reaching HKD 527.5 with a trading volume of HKD 8.82 billion, following the announcement of sodium-ion battery collaboration with Changan Automobile [1][1]. Group 1: Company Developments - CATL's CTO Gao Huan revealed that the sodium-ion battery cells have an energy density of up to 175 Wh/kg, enabling electric vehicles to achieve a range exceeding 400 kilometers, with future upgrades potentially reaching 500-600 kilometers [1][1]. - The company plans to establish 3,000 battery swap stations across over 140 cities this year, in collaboration with Changan Automobile, aiming to launch multiple sodium-ion models by 2026 [1][1]. Group 2: Industry Insights - As of February 12, lithium carbonate futures surged to 150,000 CNY/ton, indicating a shift in lithium demand dynamics, with energy storage becoming a core growth driver for lithium battery demand [1][1]. - UBS suggests that the industry is approaching a critical point regarding cost, range, and charging time, where declining costs could stimulate end-user consumption, creating a positive cycle of "technological cost reduction—demand expansion—resource value reassessment" [1][1].

Group 1 - The core point of the article is that CATL (宁德时代) has seen a stock price increase of 3.95% to 527 HKD, driven by the introduction of sodium-ion batteries in collaboration with Changan Automobile, which will launch sodium battery passenger vehicles across multiple brands [1][4]. - CATL's sodium-ion battery cells have a maximum energy density of 175 Wh/kg, allowing pure electric models to achieve a range exceeding 400 kilometers, with future upgrades potentially reaching 500-600 kilometers, and hybrid models exceeding 300-400 kilometers [1][4]. - CATL plans to establish 3,000 battery swap stations in over 140 cities this year and aims to rapidly launch multiple sodium battery models with Changan Automobile by 2026 [1][4]. Group 2 - As of February 12, lithium carbonate futures reached a peak of 150,000 CNY per ton, indicating a significant demand for lithium resources [1][4]. - Analysts suggest that energy storage is becoming the core incremental demand for lithium batteries, with solid-state batteries expected to enhance lithium consumption per battery due to their energy density and safety advantages [1][4]. - UBS believes the industry is approaching a critical point regarding cost, range, and charging time, where declining costs will stimulate end-user consumption, creating a virtuous cycle of "technological cost reduction—demand expansion—resource value reassessment" [1][4].

Core Viewpoint - CATL (Ningde Times) has seen a stock increase of over 4%, currently trading at 527.5 HKD, with a transaction volume of 8.82 billion HKD, following the announcement of a partnership with Changan Automobile to introduce sodium-ion batteries in passenger vehicles [1] Group 1: Company Developments - CATL's CTO Gao Huan revealed that the energy density of their sodium-ion battery cells can reach up to 175 Wh/kg, enabling pure electric vehicles to achieve a range exceeding 400 kilometers, with future upgrades potentially reaching 500-600 kilometers [1] - The company plans to establish 3,000 battery swap stations across over 140 cities this year, in collaboration with Changan Automobile, aiming to launch multiple sodium-ion models by 2026 [1] Group 2: Market Context - As of February 12, lithium carbonate futures surged to 150,000 CNY/ton, indicating a strong demand for lithium driven by energy storage solutions replacing electric vehicles as the core growth driver [1] - UBS suggests that the industry is approaching a critical point regarding cost, range, and charging time, where declining costs will stimulate end-user consumption, creating a positive cycle of "technological cost reduction—demand expansion—resource value reassessment" [1]