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January 5th - The Chinese new energy passenger vehicle market is projected to grow by around 25% in 2025, successfully achieving the growth expectations for the new energy vehicle market during the 14th Five-Year Plan period. With the expiration of the purchase tax exemption policy for new energy vehicles at the end of the year, the car market entered a year-end rush in December. However, due to adjustments in the car trade-in policy, market trends showed significant divergence. According to preliminary monthly data from the China Passenger Car Association (CPCA), from December 1st to 31st, national passenger car manufacturers wholesaled 1.57 million new energy vehicles, a year-on-year increase of 4% and a month-on-month decrease of 8%. The cumulative wholesale volume of new energy passenger vehicles in 2025 is projected to reach 15.33 million units, a year-on-year increase of 25%.January 5th - According to an announcement from Hengrui Medicine, its subsidiary, Fujian Shengdi Pharmaceutical Co., Ltd., recently received the "Drug Clinical Trial Approval Notice" issued by the National Medical Products Administration for HRS9531 Injection and HRS-5817 Injection, and will soon commence clinical trials.On January 5th, Jingwei Hengrun responded on its interactive platform, stating that its SiC power modules are nearing mass production. The power modules currently under development are primarily designed for the needs of new energy vehicle motor controllers and are not directly designed for data center applications. However, they can be expanded through the platform to achieve adaptation for efficient data center applications.According to the China Passenger Car Association, Tesla (TSLA.O) sold 97,171 domestically produced vehicles in the Chinese market in December 2025.On January 5th, Boway Alloy responded on its interactive platform, stating that the companys new energy business R&D team is continuously developing new products and technologies, including HJT and perovskite technology, but currently has no space photovoltaic technology reserves.

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