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Shanghai (Gasgoo)- In October 2025, BYD Company Limited ("BYD") sold 441,706 vehicles in total, representing a year-on-year decline of 12.13%, but posting a month-on-month growth of 11.47%, according to the company's public announcement. Notably, the sales made in October hit the highest-ever monthly ever so far this year. Of the vehicles sold last month, passenger vehicles (PVs) contributed sales of 436,856 units, which dropped 12.72% from a year earlier, but grew 11.14% from a month ago. Breaking down the Oct. PV sales by powertrain solutions, battery electric vehicles (BEVs) accounted for 222,559 vehicles, indicating a 17.37 year-on-year jump and an 8.54% month-on-month rise, while plug-in hybrid electric vehicles (PHEVs) recorded a sales volume of 214,297 units, which fell 31.07% over the previous year, but climbed 13.98% over the previous month. Besides, the company reported an overseas sales volume of 83,524 PVs and pick-up trucks for the month of October. As for the October performance of each brand or product lineup, the sales of BYD's Dynasty and Ocean series totaled 395,015 units. FANGCHENGBAO, DENZA, and YANGWANG brands recorded sales of 31,052 units, 10,135 units, and 654 units, respectively. For the first ten months of this year, BYD saw its cumulative sales rise 13.88% from the year-ago period to 3,701,852 units. During the Jan.-Oct. period, the company sold a total of 785,103 PVs and pick-ups across its overseas markets.

The true greatness of technology lies not only in breakthroughs made in the lab, but in its ability to cross the market divide, transforming into real value that users can experience and the market can validate. In 2025, driven by fierce internal competition and the acceleration of globalization, China's automotive market has entered a period of rapid transformation. The "Best Technical Practice Award" is designed to recognize companies that have successfully scaled up their innovations, turning them into mass production capabilities that win market trust through stable delivery and reliable quality. This award highlights the journey of turning "leading-edge concepts" into "exceptional real-world experiences." As intelligent mobility moves toward full-scenario competition, the focus shifts from theoretical innovation to practical impact — recognizing technologies that truly solve industry pain points, achieve mass production, deliver proven reliability, and win user trust. These solutions demonstrate that real innovation lies in creating shared value — transforming cutting-edge technology into sustainable momentum for the industry's high-quality growth and closing the loop between technical excellence, market success, and user value. Following thorough information review and multidimensional evaluation, the committee for the 7th Gasgoo Awards has selected 109 outstanding companies and their solutions. On October 30, 2025, the award ceremony for the 2025 Gasgoo Awards, hosted by Gasgoo, came to a successful conclusion in Shanghai. The list of recipients for the 202 5  Gasgoo Awards: Best Technical Practice Award is as follows (in no particular order). First Batch: Autolink Information Technology Co., Ltd. PATEO Connect Technology (Shanghai) Corporation Huaqin Co., Ltd. Chongqing Phoenix Auto Intelligence Technology Co., Ltd. Jidou Auto MXNavi Co., Ltd. Futurus Technology Co., Ltd. AU Optronics Corp. Hardstone Mobile Media (Asia Pacific) Co., Ltd Jiangsu New Vision Automotive Electronics Co., Ltd. Sony (China) Co., Ltd. Hubei Linksci Technology Co. , Ltd. MeiG Smart Technology Co., Ltd. Shenzhen CVA Innovation Co., Ltd Gentherm Incoporated Brisonus Aptiv Electrical Centers (Shanghai) Co., Ltd. Shanghai Astrace New Material Technology Co.,Ltd. Second Batch: Freetech (Zhejiang) Intelligent Systems Co.,Ltd neueHCT Yihang.AI Shanghai Geometrical Perception and Learning Co.,Ltd Jiluo Technology (Shanghai) Co., Ltd. Tudatong Intelligent Technology Suzhou Co Ltd. Wuhan Xuanyuan Intelligent Driving Technology Co., Ltd. Muniulinghang (Jiangsu) Technology Co., Ltd. Hunan Bynav Technology Co., Ltd. Raytron Technology Co., Ltd. Axera Semiconductor Co., Ltd. Shanghai G-Pulse Electronics Technology Co., Ltd. Lenovo Vehicle Computing E-quality Intelligent Technology Co.,Ltd. DIAS Automotive Electronic Systems Co., Ltd. ChenZhi Automobile Technology Group Co., Ltd. Global Technology Co., Ltd. Bebest (Shanghai) Automotive Electronics Co., Ltd. Yangzhou Dongsheng Automotive Co.,ltd. GKN Danyang Industries Co.,Ltd. Shanghai ChipON Microelectronics Technology Co., Ltd. Guangzhou Zhiyuan Electronics Co., Ltd. Third Batch: Zhuhai Enpower Electric Co., Ltd. Avnet Electronic Components (Shenzhen) Co., Ltd Wuxi InfiMotion Propulsion Technology Co., Ltd. C*Core Technology Co., Ltd. Renesas Electronics Corporation Melexis SKF(CHINA)SALES CO.,LTD. Fuxin Dare Automotive Parts Co., Ltd. Anhui XiaoXiao Science and Technology INC.Ltd Kennametal Asia (China) Management Co., Ltd.‌ Ningbo Shenglong Automotive Powertrain System Co., Ltd. ‌Hefei Gotion High-tech Power Energy Co., Ltd‌. Guangzhou Greater Bay Technology Co., Ltd. Nanjing Kangni New Energy Auto Part Co., Ltd. Rosenberger Asia Pacific Electronic Co., Ltd. Shanghai Eagtop Electonic Technology Co., Ltd. C&B Electronics Shenzhen Co., Ltd. MELECS World Peace Industrial Group Hersmann Automotive Technology (Nantong) Co., Ltd. Shanghai Belling Co., Ltd. Foshan Alpicool Holding Group Co., Ltd. Thermalnology (Wuhan) Intelligent Technology Co.,Ltd Fourth Batch: Hubei SiEngine Technology Co., Ltd.   Allegro MicroSystems   Indie microelectronics (Wuxi) Co,Ltd   Geehy Semiconductor Co., Ltd.   Semiment Technology Co., Ltd.   Arkmicro Technologies (Shenzhen) Co., Ltd.   Wuhan Immorta Inc.   Vicor Corporation   Beijing KiSilicon Technology Company Limited   Biwin Storage Technology Co., Ltd.‌   GUANGDONG VIIYONG ELECTRONIC TECHNOLOGY CO., LTD.   QCraft.AI   Suzhou Zhijia Technology Co., Ltd.   Elektrobit   RT-Thread   Shanghai TOSUN Technology Ltd   ETAS (Shanghai) Co., Ltd.   Zhixie Huitong (Beijing) Technology Co., Ltd.   Beijing Oriental Jicheng Co.Ltd.   Beijing 51Sim Technology Co., Ltd.    Mogo.ai Information and Technology Co., Ltd.   Shanghai Keluoda Cloud Software Technology Co., Ltd.   Hangzhou Carlinx Multi Tech Co., Ltd.   IPS Shanghai Co.,Ltd   Suzhou Youkong Zhixing Technology Co., Ltd. Fifth Batch: FORVIA MIND Electronics Appliance Co., Ltd. BENTELER International AG. Inteva Products Silicon Application Corp. Group CCAS(Changchun)Steel Service Center J1 AI GLASS Jiangsu Aosheng Composite Materials Hi-tech Co.,Ltd. SHANGHAI INGIN AUTO TECHNOLOGY CO.,LTD Chuzhou Duoli Automotive Technology Co.,Ltd. Dongguan SESO Technology Co.,Ltd. Hotstamping Tech Jiangsu Favored Nanotechnology Co., Ltd Suzhou Greentech Co., Ltd. DONGGUAN HIROSAWA AUTOMOTIVE TRIM CO..LTD Guangdong Han'sYueming Laser Group Co., Ltd. Uptec Intelligent Manufacturing(Wuxi)Co.,Ltd Ambilight Jiangsu Lead Technology Co.,Ltd Suzhou Swansea Intelligent Equipment technology Co., LTD. SHENZHEN LEADWELL TECHNOLOGY CO ,.LTD. We extend our heartfelt congratulations to all the award-winning companies for their remarkable achievements! Embracing "change" and driving "innovation," Gasgoo remains dedicated to its core mission of "discovering great companies, promoting leading technologies, and empowering automotive professionals." The 2025 Gasgoo Awards, centered on the theme of "Top 100 Players of China's New Automotive Supply Chain," spotlighted 10 key sectors: intelligent driving, smart cockpit, intelligent chassis, automotive software, automotive-grade chip, big data and AI, powertrain & EV charging & battery swapping, thermal management, vehicle body & interior & exterior, and new materials. These awards not only reflect the Gasgoo Awards’ keen insight into industry trends, but also celebrate and encourage companies that dare to innovate in and explore new frontiers. To continue recognizing leadership in supply chain innovation, technological breakthroughs, and sustainable development, the nomination process for the 2026 Gasgoo Awards is now open. This is not only a competition for honor but also a spectacular collision of industry innovation and future influence! We warmly invite pioneers from across the global automotive industry to apply and participate. Applications for the Gasgoo Awards 2026 are now open to innovators worldwide.

Shanghai (Gasgoo)- On October 24, Great Wall Motor Company Limited ("GWM") released its financial report for the third quarter (Q3) of 2025. In Q3 2025, GWM recorded revenue of 61.247 billion yuan, representing year-on-year growth of 20.51% and a 17.07% increase from the previous quarter — the company's strongest Q3 performance in history. During the same quarter, vehicle sales reached around 353,600 units, up 20.2% year-on-year and 12.97% quarter-on-quarter, also marking a record high. Sales of new energy vehicles (NEVs) totaled 118,000 units, surging 49.21% year-on-year, while overseas sales climbed to 136,500 units, up 11.23% from a year earlier and 27.87% from the previous quarter. For the first three quarters of 2025, GWM achieved total revenue of 153.582 billion yuan, a year-on-year increase of 7.96% and the highest cumulative performance for the period in the company's history. Between January and September, the automaker sold about 923,400 vehicles, up 8.15% year-on-year. NEV sales reached 278,500 units, a rise of 31.67% over a year earlier, while overseas sales stood at 334,200 units, an increase of 3.06% from the same period last year. GWM continued to optimize its product mix in the third quarter, with 101,300 units priced above 200,000 yuan sold — a 40.83% year-on-year spike. This growth underscores the market's recognition of the company's strategy to build high-quality, high-value vehicles. Throughout the third quarter, GWM's major brands introduced a series of refreshed and all-new models. Haval launched the 2026 versions of the Haval Big Dog, the Big Dog PLUS, and the Haval Menglong — strengthening its position in the SUV market. WEY, GWM's premium NEV brand, continued to focus on the high-end intelligent vehicle segment, with its all-new Gaoshan MPV performing strongly and the Gaoshan 7 officially entering the market in mid-October. TANK expanded its off-road lineup with the market launch of the all-new TANK 500 and the presale launch of the all-new TANK 400. ORA enhanced its electric portfolio with the 2025 ORA Good Cat and the 2025 Good Cat GT Mulan Edition, both designed to elevate the user experience in urban mobility. Meanwhile, GWM Pickup introduced the performance-oriented V6 Cannon on September 23, which quickly gained popularity among off-road enthusiasts for its short wheelbase, lightweight body, and powerful engine. In the commercial vehicle sector, the GWM G1050 hybrid heavy-duty truck continued to attract logistics customers with stronger power and reduced fuel consumption, helping to cut long-haul transport costs. On the global front, GWM achieved another milestone in its overseas expansion as its manufacturing plant in Iracemápolis, São Paulo, Brazil, officially commenced operations on August 15. The facility marks a major step forward in GWM's international production network and underscores its growing commitment to the South American market.

Beijing (Gasgoo)- On September 2, Chinese automaker Great Wall Motor ("GWM") reported its best-ever August sales performance of 115,558 vehicles, indicating a 22.33% year-on-year increase. From January to August this year, the automaker sold 789,719 vehicles in total, which grew 5.94% compared to the same period last year. In August, GWM's new energy vehicle (NEV) sales amounted to 37,495 units, surging 50.92% from a year earlier, highlighting the company's accelerated growth in the NEV sector. Meanwhile, sales of models priced above 200,000 yuan reached 31,631 units last month, zooming up 50.57% year on year. Regarding performance in overseas markets, GWM saw its monthly export volume hit a record high of 45,166 units in August, representing an 11.65% rise from a year ago. By brand, HAVAL sold 68,912 vehicles in August (+22.69% YoY), while TANK recorded 20,022 units (+22.46% YoY). WEY brand posted monthly sales of 8,028 units, representing a sharp 167.51% spike year-over-year. GWM's pickup brand POER sold 13,322 vehicles last month, with cumulative global sales now reaching 2.812 million units. ORA, GWM's NEV brand, sold 5,223 vehicles in August.

Shanghai (Gasgoo)- On August 21, FAW Bestune Automobile and Jiangsu Yueda Group ("Yueda Group") signed a strategic cooperation agreement in Changchun, Jilin, signaling a new chapter in their partnership, according to a post on Yueda Group's WeChat account. The agreement lays out plans for both sides to build a long-term and stable partnership guided by mutual benefit and complementary strengths. Their collaboration will span equity investment, manufacturing, supply chain integration, research and development, and sales and service, with the shared goal of driving sustainable growth. During the signing ceremony, both companies engaged in detailed discussions on cooperation across the electric vehicle value chain, from R&D to production, supply, and sales. Yueda Group emphasized its commitment to strengthening capabilities in complete vehicle manufacturing, key components, and technology-driven services, aiming to reinforce its position within the broader automotive supply chain. This new step builds on Yueda Group's earlier investment in FAW Bestune. In September 2023, Yueda Group became a strategic investor during FAW Bestune's mixed-ownership reform. Although Yueda Group holds only about a 2% stake, its involvement has had a significant impact, helping FAW Bestune overcome challenges in branding, market access, and production. The partnership has already enabled a dual-base strategy for FAW Bestune in Changchun and Yancheng.

Shanghai (Gasgoo)- On August 19, XPENG released its second-quarter (Q2) and interim 2025 results, posting record highs in quarterly deliveries, revenue, and gross margin. The company also reported its strongest-ever cash reserves by the end of the quarter, while issuing record delivery guidance for the third quarter. Total revenue for Q2 2025 reached RMB 18.27 billion (US$2.5 billion), up 125.3% year-on-year. Vehicle sales contributed RMB 16.88 billion, a year-on-year surge of 147.6%, while services and other revenue came in at RMB 1.39 billion, a 7.6% increase from the previous year. The sharp revenue increase was closely tied to surging sales. XPENG delivered around 103,000 vehicles in Q2, up 241.6% from a year earlier. First-half deliveries totaled about 197,000 units, marking a 279% year-on-year spike. Greater scale helped narrow losses. XPENG reported a net loss of RMB 480 million, a 62.6% improvement from the RMB 1.285 billion shortfall in the same period last year. Gross margin rose to a record high of 17.3%, up 3.3 percentage points year-on-year and 1.7 percentage points quarter-on-quarter. Vehicle gross margin hit 14.3%, a gain of 7.9 percentage points from 2024 and the eighth straight quarter of improvement. Despite progress, the company remains in the red, in part due to rising investments in R&D. In Q2, its R&D spending shot up 50.4% year-on-year to RMB 2.21 billion, while sales, general, and administrative costs grew 37.7% from a year earlier to RMB 2.17 billion. Net other income fell to RMB 240 million, down 14.9% year-on-year. As of June 30, XPENG's cash, restricted cash, short-term investments, and term deposits stood at RMB 47.57 billion,. For the third quarter of 2025, XPENG guided deliveries of between 113,000 units and 118,000 units, representing year-on-year spike of 143% to 154%. Revenue is projected to reach between RMB 19.6 billion and RMB 21 billion, up 94% to 108% from the year-ago period. Speaking on the earnings call, Mr. He confirmed that the All-new P7 sedan will hit the market on August 27. He expressed confidence the model could quickly rank among the top three best-selling pure electric sedans priced under RMB 300,000, and projected monthly deliveries would steadily exceed 40,000 units from September onward.

Shanghai (Gasgoo)- On August 14, Geely Automobile Holdings Limited ("Geely Automobile") reported interim results for the first half (H1) of 2025, with revenue rising 27% year-on-year to 150.3 billion yuan, the highest-ever level for the corresponding period in the company's history. Net profit attributable to shareholders reached around 9.29 billion yuan, while core net profit—excluding foreign exchange and other non-operating gains—surged 102% from a year ago to 6.66 billion yuan. Gross profit increased to 24.7 billion yuan, lifting the gross margin to 16.4%. Vehicle sales surged 47% in H1 2025 to 1.409 million units, outpacing the broader market and pushing Geely Automobile's domestic market share above 10% for the first time. New energy vehicles (NEVs) were the standout performers, with combined sales across Geely, Zeekr, and Lynk & Co reaching 725,151 units—a 126% year-on-year surge—raising the NEV penetration rate to 51.5%. On the back of this stronger-than-expected performance, the company lifted its full-year sales target by around 11% to 3 million units from its previous 2.71 million goal. Geely Automobile credited the strong revenue and profit growth alongside booming sales to its "One Geely" strategy, first outlined in the Tāizhōu Declaration. The initiative has driven deeper integration and efficiency across its brands, with the merger of Zeekr and Lynk & Co. unlocking sustained synergies. The consolidation has strengthened Geely's position in the premium vehicle segment while delivering significant savings in R&D, manufacturing, and management costs.

"Time flies, but platinum endures" – In the global market during H1 2025, platinum, regarded by many investors as a "substitute for gold," undoubtedly emerged as the most dazzling "star"... As shown in the figure below, platinum prices surged by over 40% in the first half of the year, leading the gains among major global cross-asset classes. Due to increased imports in China and a decline in supply from South Africa, the major producer, coupled with a previous influx of platinum into the inventory of the New York Mercantile Exchange amid concerns over potential US import tariffs, the price of this platinum group metal soared by 36% in Q2. In June alone, platinum prices surged by 28% as hedge funds and speculative traders piled in, marking the strongest monthly performance since 1986 and briefly touching an 11-year high of $1,432.6 per ounce. An independent metals trader commented, "Platinum has broken out of its decade-long trading range, attracting the attention of both professional and retail investors in the process, who are starting to think, 'Hey, platinum is indeed undervalued from a fundamental perspective.'" However, after the frenzy in Q2, many analysts and traders expressed this week that the upside potential for platinum prices may be limited. It is expected that China's platinum imports will slow down, South African production will recover, and demand from the automotive industry, a major industrial use of platinum, remains weak... Georgii Piskov and C.V. Downie, commodity traders at Goldman Sachs, believe that the current rally in platinum may face a correction. How did platinum become so bullish this year? The strength of platinum in the first half of the year was actually driven by a combination of factors. Due to concerns over potential US reciprocal tariffs on platinum in April, a significant amount of platinum was shipped to the New York Mercantile Exchange between December last year and March this year, leading to a temporary supply shortage in the market and a spike in leasing rates. Although platinum group metals were ultimately excluded from the April tariffs, Trump ordered a new round of tariff investigations on all US critical mineral imports in mid-April, indicating that uncertainties persist. Meanwhile, data from South Africa, the world's largest producer of platinum group metals, showed a 24% YoY decline in platinum group metal mining output in April, marking the peak of what Morgan Stanley described as an "exceptionally weak" production decline in the first four months of 2025. Another factor driving platinum prices higher is demand from China. Customs data show that China's platinum imports reached 12.57 mt in May, compared to 11.54 mt in April, with imports continuing to rise from January to May. Previously, research by the World Platinum Investment Council, an industry organization, showed that China's platinum jewelry processing volume increased by 26% in Q1. A trader said these factors together constitute "explosive factors driving up prices." Could there be trouble ahead? However, such surges are often short-lived. As we enter H2, many analysts are questioning whether platinum has enough underlying support to maintain its strong upward momentum. Metals Focus expects the global platinum market to face a supply deficit of 529,000 ounces this year, but even after the resulting reduction in above-ground inventory, inventory will still remain at 9.2 million ounces, equivalent to up to 14 months of demand - a fairly ample cushion. Wilma Swarts, Director of Platinum Group Metals at Metals Focus, said that while uncertainty persists over the US's trade policy on platinum, raising import tariffs on the metal would ultimately be counterproductive, as North American supply cannot meet regional demand. In addition, platinum lease rates, which hit a high of 22.7% in June, have now pulled back to 11.6%, reflecting a partial easing of the tightest platinum supply and demand situation. Mine supply in South Africa is expected to show signs of recovery in H2, with global platinum mine production expected to decline by only 6% for the full year. "Southern Africa did face challenges such as rainfall, power, and water supply disruptions from January to March, but there were no major or unusual incidents," said Johan Theron, a spokesman for Implats Platinum. On the demand side, the sharp rise in platinum prices may itself be becoming its biggest bearish factor. According to a trader, the strong momentum in China's physical platinum demand may have only lasted until early June, when prices exceeded $1,050. China's June import data, expected to be released on July 20, are projected to show a decline following very strong platinum deliveries in the previous two months. "Platinum is highly volatile at high levels, and the market needs to see greater demand from China and ETFs to achieve sustained upward movement," Wong said. Finally, the platinum market is actually highly susceptible to one of the most common bearish factors of the past decade - weakening demand from the automotive industry, which uses platinum as a component in catalytic converters for internal combustion engine vehicles. The long-term pressure on platinum group metals (PGMs) from EV expansion continues, while global trade disputes further dampen the medium-term outlook for the automotive sector. Metals Focus notes that automotive production forecasters have cut their production estimates for the next four years by up to 10 million units, and this decline in automotive production will lead to weaker demand for PGMs. Nornickel, the world's largest palladium producer, has stated that any further increase in platinum prices could prompt catalyst producers to increase their use of palladium as a substitute for platinum. The company notes that when the price spread between the two metals exceeds 30%, it will encourage such substitution. As of Thursday, platinum was 22% more expensive than palladium. Of course, while analysts and traders are cautious about further increases in platinum prices, they do not expect a significant correction. Many analysts believe that platinum prices will stabilize above the levels seen before the current rally, which will support miners' profits in the third year of a market moving towards a structural supply deficit.

After the US government launched a full-scale trade war, global financial markets were in turmoil. However, it was unexpected that the Russian ruble became the best-performing currency globally this year, with its gains far surpassing those of gold, a traditional safe-haven asset. Data shows that, year-to-date, the Russian ruble has risen by 38% against the US dollar in over-the-counter trading. The US dollar faces significant pressure due to escalating tariff wars initiated by US President Trump, while the ruble is supported by several Russia-specific factors, including record-high interest rates. Other emerging market currencies often face a common issue: when the global economy is unstable or investors perceive excessive risk, many foreign investors withdraw funds from these countries. However, the ruble does not face such capital outflow pressures. Sofya Donets, an economist at T-Investments, stated, "Capital controls have largely protected Russia from this situation, and high borrowing costs are also supporting the ruble exchange rate." Although a series of sanctions by Western countries remain in place, certain domestic policies and economic conditions in Russia are also contributing to the ruble's appreciation. This situation is undoubtedly good news for controlling inflation, but it may reduce energy revenues at a time when the country is making large-scale expenditures for military needs and social programs. Persistent inflation has forced the Russian central bank to maintain an extremely hawkish monetary policy stance—the benchmark interest rate currently stands at 21% and has remained unchanged for several months. This has suppressed demand for imported goods, thereby reducing the need for foreign currency. Meanwhile, exporters are required to sell a portion of their foreign exchange earnings in the local market, further driving the ruble's appreciation. Of course, signs of a thaw in US policy toward Russia have reignited the ruble's appeal in carry trades. Iskander Lutsko, Head of Research and Portfolio Management at Istar Capital, noted that despite the ongoing sanction risks, foreign investors are still turning to countries that maintain good relations with Russia to access high-yielding ruble assets. Lutsko added that, beyond this, Russian companies are eager to use much cheaper yuan loans to refinance costly domestic debt, which is driving more foreign currency conversion into rubles. At the same time, the US dollar index has fallen to a six-month low, as Trump's latest unpredictability on tariff policies has heightened investor unease about US assets and weakened confidence in the US dollar and Treasury bonds as the ultimate risk-free safe havens. Anticipating more turbulence and uncertainty ahead, traders are selling US dollar assets and buying gold instead. The precious metal has risen by 23% since the beginning of the year, reaching a historic high. Economists point out that the ruble's strength is multifaceted. First, the thaw in relations between Putin and Trump has boosted confidence in the Russian market. Second, tight monetary policy is cooling demand for imports among businesses and consumers. Third, the Russian government is protecting the economy from falling oil prices by selling hard currency from its sovereign wealth fund. Another dramatic point is that Russia will be immune to Trump's tariff policies, as the two sides have long severed almost all trade ties. Notably, since June 13, 2024, dollar trading on the Moscow Exchange has been suspended due to sanctions, shifting related trading activities to the over-the-counter market. This has increased the complexity of price discovery and led to a gap between domestic and international prices. The Russian central bank stated that the ruble's appreciation may be due to improved geopolitical conditions and renewed investor interest in Russian assets. The report also noted that Russia's relatively high benchmark interest rate could be another factor.

Beijing (Gasgoo)- On February 25, FAW Group's passenger vehicle brand Bestune held its tech day event, officially debuting its core technologies including the Yueying Platform, Zhuri Power System, and Ruyi Cockpit. The event also marked the first reveal of the Yueyi 03 vehicle model's technologies and the global premiere of the Yueyi 07 model.   Yueying Platform The Yueying Platform integrates five foundational technologies: ultra-light architecture, adaptive comfort, smart energy efficiency, "Xingchi" chassis, and "Panshi" safety ("Xingchi" and "Panshi" in Chinese pinyin). It aims to deliver best-in-class aesthetics, ultra-low energy consumption, spacious interiors, seamless driving dynamics, supreme comfort, and uncompromising safety. The Zhuri Power System addresses real-world user pain points with three advanced technical routes: BMP Ultra-Pure Electric, BMP Super Hybrid, BMP Extended-Range Electric systems. Designed for urban commuting, short trips, or long-distance travel, Zhuri Power adapts to diverse climates and charging conditions, ensuring optimal performance, safety, and energy efficiency.   Ruyi Cockpit   The Ruyi Cockpit is Bestune's self-developed intelligent cabin dedicated for the AI era. It combines safety, performance, and immersive entertainment with generative AI-driven personalization, offering tailored experiences for users pursuing a refined lifestyle. Yueyi 07 The Yueyi 07 is Bestune's first A-segment SUV powered by the BMP Super Hybrid technology. The design of the Yueyi 07, although similar to the Bestune T90, features distinctive details such as a closed-off front with a unique split headlamp design, and a two-tone body with double waistlines for a sportier look. The SUV measures 4,718mm in length, 1,880mm in width, and 1,710mm in height, with a wheelbase of 2,772mm. Inside, the design is youthful and simple, with a large central screen offering abundant connectivity features. The car includes electric-adjustable seats, a panoramic sunroof, and an electric tailgate, fulfilling the needs of most family users.   The Yueyi 07 is powered by the BMP Super Hybrid engine, delivering 110 kW of power. With a lithium iron phosphate (LFP) battery from REPT Battero, the car achieves a fuel consumption of 4.9L per 100 km and a combined range of 2,000 km. It accelerates from 0 to 100 km/h in 7.1 seconds.   Yueyi 03 The Yueyi 03, a new compact SUV from Bestune, introduces the brand's fresh new energy vehicle family. Based on the Yueying platform, it adopts a "light" design theme, combining aesthetics with technology. The exterior features a sleek body with split headlights, a closed-off front grille, and a trapezoidal lower intake. The vehicle's low drag coefficient of 0.248Cd enhances its futuristic appeal. The compact SUV measures 4,450mm in length, 1,860mm in width, and 1,635mm in height, with a wheelbase of 2,750mm. Inside, the Yueyi 03 employs a symmetrical, embracing layout that maximizes space. Premium skin-friendly materials and soft light colors create a cozy, spacious environment. The front seats are heated, and the driver's seat features ventilation. The Yueyi 03 is powered by the BMP Ultra-Pure Electric system with a 122-kW permanent magnet synchronous motor and an LFP battery from CALB. It offers a range of 565 km under the CLTC cycle, and fast charging from 10% to 80% takes approximately 29 minutes, even at temperatures as low as -10°C. FAW Bestune is rapidly advancing towards high-quality, sustainable growth. In March this year, the brand plans to launch a new energy vehicle range, with six new models expected in the next three years to meet the growing demand for eco-friendly, high-quality vehicles.

Beijing (Gasgoo)- On February 21, Horizon Robotics and FAW Group's passenger vehicle brand, Bestune, officially signed a strategic cooperation agreement. The two parties will collaborate in the field of intelligent driving solutions, accelerating the popularization of smart driving technologies and creating safer, more efficient mobility experiences for users. Under the agreement, the companies will leverage their respective industry resources, technological advantages, and capital operations to deepen cooperation in areas such as smart vehicle innovation, product development, and mass production. Bestune and Horizon Robotics have already established mass production collaborations based on the Journey 2 and Journey 3 computing platforms, successfully implementing these on models like the Bestune T90 and B70. Building on their rich experience in mass production partnerships, the two companies will continue to harness their strengths in innovation and product development to jointly develop intelligent driving solutions, expanding into more advanced smart driving technologies. As a subsidiary of FAW Group, Bestune plays a key role in the development of the group's homegrown passenger vehicle brands, with a focus on intelligent connected new energy vehicles.

The increasing need for lithium due to the shift towards energy sources and the rise in electric vehicles has drawn attention to the geopolitical factors affecting the lithium supply chain industry. Understanding the Geopolitical Landscape of Lithium In the functioning of lithium ion batteries and their distribution worldwide varies, certain regions like the "lithium triangle," which includes Bolivia, Argentina, and Chile along with countries such as Australia and China are known for their lithium resources cluster together leading to influence on trade relationships and global politics. China's role in the processing of lithium and the production of batteries brings a layer of intricacy to the industry scene due to their control of than 80 percent of the refining capability for lithium-ion batteries while holding only 7 percent of the global lithium reserves. This dominance spans across all stages of the supply chain, from material processing to battery assembly, prompting numerous countries to depend on Chinese manufacturing facilities. Regulatory Frameworks Impacting the Lithium Supply Chain The lithium sector is expanding due to the impact of emerging regulations surrounding it, with the recent enactment of the Inflation Reduction Act (IRA). This legislation was established in the United States to promote the mining of resources such as lithium by fostering output and lessening reliance on providers. The European Union's Battery Regulation focuses on guaranteeing the durability and safety of batteries in its market by implementing regulations regarding their materials and labeling requirements while also overseeing the extraction and disposal of lithium once its usage cycle is complete. Concerns have been raised regarding the treatment of employees across sectors, prompting the introduction of measures such as the U.S.' Uighur Forced Labor Prevention Act (UFLPA) that prohibits the entry of goods manufactured using coerced labor practices. Amid apprehensions about labor breaches in the lithium sector's distribution network, businesses must remain vigilant and adhere to all regulations diligently. Strategies for Navigating Geopolitical Challenges Within the realm of business operations and logistics field, companies deploy management tactics to navigate the uncertainties in the lithium supply chain. 1. Diversification of Supply Sources Depending much on one specific source or place for lithium could pose risks for businesses in the face of future political shifts and regulatory changes that may occur. The recommended approach for companies is to broaden their sources of lithium by collaborating with suppliers from regions to tackle potential problems arising from political unrest or evolving regulations. Consideration could be given to forging alliances with emerging markets or setting up processing plants as a way to lessen reliance on a provider due to China's significant influence, within the lithium industry. 2. Strengthening Supply Chain Transparency It's really important to set up monitoring and tracking systems, follow the rules and guidelines in place, and uphold the values we believe in today. By using advancements like technology to keep a record of where materials come from and how they are handled at every step, we can make sure that every part of the supply chain follows the regulations. This kind of openness is crucial for meeting standards and building trust with our customers. 3.Delving into the realm of Recycling and Sustainable Practices Develop strategies for recycling lithium ion batteries can reduce the demand for lithium. Contribute to environmental sustainability goals. This approach provides a means to utilize lithium resources in line with sustainability targets. May also provide a competitive advantage in markets that prioritize environmental regulations. 4.Getting involved in backing up policies and keeping updated. Organizations can stay updated on industry advancements and influence policy decisions by engaging with industry associations and maintaining connections with policymakers, to anticipate challenges and adapt strategies to evolving conditions. Uncovering the Impact of Shanghai Metals Market (SMM) on the Global Lithium Production Landscape. Shanghai Metals Market (also known as SMM) is a respected source of metal related insights in China and provides valuable insights into the ever evolving lithium market sector landscape with a team of more than 100 seasoned analysts committed to delivering tailored reports and services for various industry participants, including miners, smelters, processors, and traders. At SMM, there is a service called DatabasePro that offers information on metals, including base metals and emerging energy metals, as well as sectors like photovoltaics and overall economic trends, helping clients globally make informed decisions through in-depth data analysis and predictive tools. In the lithium production and trading sector of the industry, SMM provides analysis services for lithium compounds and ores. This includes assessing prices for battery grade lithium carbonate and lithium hydroxide. Their thorough evaluation involves studying market trends, supply demand dynamics, and cost factors to offer companies insights into market conditions. According to the data analysis conducted by SMM on February 12th of the year 2025, it was discovered that the typical cost of battery grade lithium carbonate stood at $9245 per tonne and experienced variations within the range of $9143 to $9348 per metric tonne—an insight that could prove beneficial to companies seeking to refine their procurement tactics. The SMM team often hosts conferences and events to promote networking and exchange of ideas among professionals in the metal industry by focusing on topics and encouraging communication. Conclusion To tackle the difficulties arising from the effects of the lithium supply chain, it's important to develop a plan that emphasizes expanding supplier partnerships and ensuring transparency in operations while prioritizing sustainability efforts. Keeping abreast of updates will help in making well informed choices within this challenging setting. Leveraging tools, like SMM, can offer businesses insights and support in navigating this complex terrain successfully. By putting these tactics into action, instead of explaining your strategies to others so they can understand and remember them better, businesses can reduce the chances of any negative outcomes and set themselves up for achievements in the ever-changing lithium market landscape.

Beijing (Gasgoo)- Recently, FAW Group's passenger vehicle brand Bestune's D-Life 6.0 smart cockpit platform completed a deep integration with DeepSeek, resulting in an upgraded AI large model that will soon be featured in the Bestune Yueyi 03 and Yueyi 07 models, according to the brand's announcement on Feb. 13. This technology promises to redefine in-car interaction experiences through advanced logic.   The Bestune Yueyi 03 will use DeepSeek's online inference algorithm to significantly improve intent recognition accuracy. Users can control navigation, music, vehicle settings, wallpaper creation, and trip planning through natural dialogue, with the system offering deep integration of contextual services. The platform's capabilities will also continuously evolve via over-the-air (OTA) updates.   Bestune's Digital Cockpit Center will continue to drive innovations in AI large model development, aiming to elevate the intelligent cockpit towards "proactive service" and "seamless interaction," creating a more sentimental, smarter in-car environment.   Notably, FAW Group's Hongqi brand recently announced that its Jiuzhang intelligent platform has also integrated with DeepSeek's AI large model, enhancing the flexibility of its Lingxi smart cockpit. This integration is expected to accelerate the deployment of AI models in Hongqi vehicles by mid-2025, offering users a more personalized driving experience.  

Shanghai (Gasgoo)- On February 12, FAW Bestune put two new variants of its Bestune Pony model, the Lingli Pony and the Linglong Pony ("Lingli" and "Linglong" named in Chinese pinyin), onto the market, priced at 40,900 yuan and 43,900 yuan, respectively. With the addition of the two new variants, the Bestune Pony now comes with six trim levels, with prices ranging from 24,900 yuan to 43,900 yuan. The exterior of the new trims maintains a consistent look with former variants, featuring a closed-off grille with white decorative accents. The charging port is centrally located at the front, and white trim is used around the lower front bumper, door bottoms, and rear bumper. The vehicle measures 3,000 mm in length, 1,510 mm in width, and 1,630 mm in height, with a wheelbase of 1,953 mm. The interior maintains a cute design, with overall color schemes matching the exterior of the car. The new vehicles come equipped with dual-spoke steering wheels and liquid crystal instrument panels. The central console includes window control buttons, a rotary electronic shifter, and control buttons for air conditioning and radio systems. A standout feature of the new vehicles is its 10.1-inch HD central control screen that is integrated with the DeepSeek AI model. The system offers functions like AI voice assistance, online music apps, video resources, software eco-malls, navigation & phone screen mirroring. They also support OTA (over the air) upgrades. Additionally, both new variants feature a streaming media rearview mirror, which supports a dashcam function that includes features like vehicle start-up recording, continuous loop recording, 24-hour parking monitoring, and smart voice control. Power-wise, the new trims are still equipped with a 20 kW single electric motor system, with a CLTC-rated range of 222 km. Currently, the Bestune Pony offers three range options: 122 km, 170 km, and 222 km.

Shanghai (Gasgoo)- On February 6, Chinese lithium battery supplier EVE Energy announced that its subsidiary, Hubei EVE Power Co., Ltd., has received a notice from FAW Bestune, who designated it as the latter's supplier of large cylindrical batteries. EVE Energy said that this move recognizes the performance and supply capabilities of its large cylindrical batteries, advancing the company's position in the lithium-ion power battery market. Regarding supply of large cylindrical batteries, EVE Energy has already secured partnerships with leading automakers such as BMW Group, Dayun Automobile, JAC Group, and Changan Automobile. In September 2024, EVE Energy signed a strategic agreement with Geely's Farizon New Energy Commercial Vehicle Group (Farizon) to collaborate on business policies, technology, and market promotion. Per the agreement, both parties would leverage their respective strengths to expand new energy vehicle (NEV) markets worldwide and conduct joint marketing efforts, enhancing brand recognition, reputation, and market share. EVE Energy has also established a partnership with XPENG, supplying batteries to multiple models, including the G3, the P5, the P7, the G9, and the X9. Notably, the XPENG P7+ model comes standard with EVE Energy's batteries across its entire lineup. Beyond passenger vehicles, the company is driving electrification in commercial vehicle segments, with its batteries deployed in buses, logistics vehicles, heavy-duty trucks, and construction machinery for clients like Farizon, Dongfeng Motor, and Foton Motor. It is noteworthy that EVE Energy updated in 2024 the revised prospectus for its public offering of convertible corporate bonds. The company intended to issue up to 5 billion yuan in convertible bonds to fund battery production expansion, with 3.1 billion yuan allocated for a 23GWh cylindrical lithium iron phosphate energy storage and power battery project and 1.9 billion yuan for a 21GWh large cylindrical power battery project for passenger vehicles.