1. China Automobile Distribution Association Becomes a Leading Third Party Evaluation Institution for Enterprise Standards in the Field of Automotive Parts

　　2. Multiple auto parts brands/companies including Global Filter have announced their booth at the Frankfurt Auto Parts Exhibition

　　3. Shengbao Road has been shortlisted as a national green factory, showcasing the power of green intelligent manufacturing in the dual carbon era

　　4. Minsheng Securities: First gave Tuhu-W a "recommended" rating, with a focus on layout of factory stores in second and third tier cities

　　5. Zhongce Rubber drafted a white paper titled "Forward Sales - Upgrading the Distribution Industry (2023)" and released it

　　6. Hebei Jinli New Energy is considering IPO in Hong Kong

　　7. Ministry of Industry and Information Technology: EU Anti subsidy Investigation Will Seriously Disturb and Distort the Global Automotive Industry Chain Supply Chain

　　8. The first batch of pilot cities for comprehensive electrification of public sector vehicles has been officially confirmed

　　China Automobile Distribution Association Becomes a Leading Third Party Evaluation Institution for Enterprise Standards in the Field of Automotive Parts

　　Recently, according to the official account of the After sales Parts Branch of the China Automobile Circulation Association, in June this year, the State Market Supervision and Administration released the Notice on the "Leader" Key Areas of Implementing Enterprise Standards in 2023, which included the field of auto parts and components in the "Leader" key area for the first time. On this basis, the China Automobile Distribution Association has organized the preparation and implementation of two group standards, "Quality Classification and" Leader "Evaluation Requirements for Wholesale Services of Automotive Parts" and "Quality Classification and" Leader "Evaluation Requirements for Retail Services of Automotive Parts", actively cooperating with the national enterprise standard "Leader" working organization to establish an evaluation plan for enterprise standards "Leader" in the field of automotive parts, Participate in the application work of third-party evaluation institutions.

　　After expert evaluation and public announcement by the national enterprise standard "leader" working organization, the China Automobile Distribution Association has been established as a third-party evaluation agency for the "leader" enterprise standard "wholesale service" and "retail service" in the field of automotive parts. The association will comprehensively launch the evaluation of automobile parts wholesale services and automobile parts retail service enterprise standards as "leaders" in the field of automobile parts in accordance with the requirements of the national enterprise standard "leaders" working organization.

　　Several automotive parts brands/companies including Global Filter have announced their booth at the Frankfurt Auto Parts Exhibition

　　The 18th Automechanika Shanghai will be held grandly at the National Convention and Exhibition Center (Shanghai) from November 29 to December 2, 2023. Various auto parts brands/companies will successively announce their exhibition information and invite visitors to visit: Siegmai Booth 3E06; Global Filter Booth 1.1K43; Zhuhai Huayue Booth 1.1F59; Qufu Tianbo 4.1E09, Carrying Leopard Ball Head Swing Arm 5.1F99; Meiruier filter booth number 3F06, German Herner wiper 2.2K115; Billboard booth number 2.2F25; Bernos booth 4.1E85; Haoshun 2.2B48; Cluster Car Treasure Booth 7.2K43.

　　Shengbao Road has been selected as a national green factory, showcasing the power of green intelligent manufacturing in the dual carbon era

　　On November 15, the Ministry of Industry and Information Technology of the People's Republic of China recently announced the list of green manufacturing in 2023, according to the official account of Shengbaolu Lubricants. Shengbaolu Company was on the list and was shortlisted for the national "green factory" publicity list.

　　Shengbao Road Company is located in the Economic Development Zone of Jizhou District, Tianjin City. It is a high-tech enterprise specializing in green chemistry and new materials, mainly producing low-carbon lubricants, industrial oils, ship oils, lubricating greases, metal processing fluids, and automotive urea products. The product performance meets the strict technical requirements of industrial transformation. In recent years, Shengbao Road Company has vigorously developed the green new material advantage industry, achieved green product innovation, and created a green manufacturing system.

　　Minsheng Securities: First gave Tuhu-W a "recommended" rating, with a focus on layout of factory stores in second and third tier cities

　　Recently, Minsheng released a research report stating that the "recommended" rating for Touhu-W (09690) is expected to result in a net profit of 270/97/1.69 billion yuan from 2023 to 2025. The company focuses on the aftermarket of passenger cars and is a leading domestic IAM supplier. In the future, with the structural changes in passenger car age and the increase in penetration rate of new energy vehicles, the company is expected to continuously increase its market share and achieve synchronous growth of revenue and profit with the continuous expansion of its stores.

　　The report states that Tuhu will focus on laying out factory stores in second and third tier cities, and it is expected that the total number of Tuhu factory stores will reach 9352 by 2025. As of 2023H1, the proportion of the company's factory stores in first tier cities is 16%, the proportion of new first tier cities is 26%, and the proportion of second tier and below cities and counties is 56%; In the future, the company will focus on expanding to second tier and below cities and counties, and plans to increase the number of factory stores in second tier and below cities and counties to 6299, accounting for 67%, by 2025.

　　Zhongce Rubber drafted a white paper titled 'Forward Sales - Upgrading the Distribution Industry (2023)' and released it

　　Recently, at the member meeting of the Marketing Working Committee of the China Rubber Association and the Tire Marketing Market Forum, Zhongce Rubber Group Co., Ltd. and the Marketing Working Committee of the China Rubber Industry Association jointly launched the industry's "Forward Sales" initiative with representatives from all walks of life, and released the white paper "Forward Sales - Upgrading the Distribution Industry (2023)" on site.

　　The white paper "Forward Sales - Upgrading the Distribution Industry (2023)" released this time is the first programmatic text in the Chinese tire industry with the theme of tire full lifecycle distribution services. In the white paper, the main contradiction in the current development of the tire industry, especially the truck and bus tire industry, was emphasized as the "contradiction between the user's demand for the optimal comprehensive use cost and experience of tires, and the channel's incomplete and insufficient sales and service capabilities throughout the tire lifecycle." This pointed out a clear direction for the majority of tire industry practitioners to better respond to market changes and find ways to break the situation.

　　Hebei Jinli New Energy is considering IPO in Hong Kong

　　On November 15th, it was reported that Hebei Jinli New Energy Technology Co., Ltd. (hereinafter referred to as "Jinli Shares") is considering an initial public offering in Hong Kong as early as next year. This stock issuance may raise hundreds of millions of dollars and will raise the valuation of Jinli Shares to about $2 billion. However, this matter is still in the preliminary stage, and details such as the size and timeline of the IPO may still change. In response to the above report, representatives of Jinli Group did not respond to requests for comment.

　　According to the website of Jinli Co., Ltd., the company was established in 2010 and is headquartered in Yongnian, Hebei Province, China. It specializes in producing wet process lithium-ion battery separators. According to the IPO prospectus, BYD holds over 2% of Jinli Shares and contributed more than half of the company's revenue in the first half of last year.

　　[Ministry of Industry and Information Technology: EU Anti subsidy Investigation Will Seriously Disturb and Distort the Global Automotive Industry Chain Supply Chain]

　　On November 14th, the European Union launched a countervailing investigation into Chinese electric vehicles in October. The relevant person in charge of the Ministry of Industry and Information Technology of China expressed strong dissatisfaction with this and stated that "this will seriously disrupt and distort the global automotive industry supply chain, including the European Union, and harm the interests of consumers in Europe". The person in charge said, "The cooperation between China and Europe in the automotive industry has a long history and has formed extensive common interests with each other. Major European car companies have factories in China, and China has become the largest overseas market for many European car companies. The EU's implementation of anti subsidy investigations is neither in line with the World Trade Organization (WTO) International trade rules, also lacking sufficient evidence to support, are aimed at protecting their own industries under the guise of 'fair trade', which will seriously disrupt and distort the global automotive industry supply chain, including the European Union, and harm the interests of European consumers

　　The first batch of pilot cities for comprehensive electrification of public sector vehicles has been officially confirmed

　　Recently, eight departments including the Ministry of Industry and Information Technology and the Ministry of Transport have officially issued the "Notice on Launching the First Batch of Pilot Areas for Comprehensive Electrification of Public Sector Vehicles". 15 cities including Beijing, Shenzhen, Chongqing, Chengdu, Zhengzhou, Ningbo, Xiamen, Jinan, Shijiazhuang, Tangshan, Liuzhou, Haikou, Changchun, Yinchuan, and Ordos have been designated as pilot cities for this pilot project. We encourage the exploration and formation of a number of replicable and promotable experiences and models to play a demonstration and driving role in the comprehensive market-oriented expansion of new energy vehicles and the construction of green and low-carbon transportation systems.

　　According to the statistics of the target quantity set by Tramway, a total of 627400 new energy vehicles, 70500 charging stations, and 7755 replacement power stations will be promoted in the public sector in the first batch of 15 cities. The identified areas for promoting new energy vehicles include official vehicles, urban buses, sanitation vehicles, taxis, postal delivery vehicles, urban logistics delivery vehicles, airport vehicles, and heavy-duty trucks for specific scenarios.