Jefferies: Upgraded GlaxoSmithKline's rating to buy from hold and raised its target price to £20 from £14.50.

Cox Automotive: Despite ongoing tariff uncertainty, the pace of new vehicle sales has been unexpectedly strong this summer. October sales are expected to reach 1.3 million vehicles, down 3.1% year-over-year but up 2.7% month-over-month.

1. National Bureau of Statistics: From January to September, profits in the automobile manufacturing industry increased by 3.4% year-on-year. 2. China Passenger Car Association (CPCA): Narrow passenger car retail sales are expected to reach 2.2 million units in October, with new energy vehicles expected to account for 1.32 million. 3. China Passenger Car Association (CPCA): From January to September 2025, China's auto exports are expected to reach 5.71 million units, a year-on-year increase of 21%. 4. China Passenger Car Association (CPCA): National passenger car inventory stood at 3.28 million units at the end of September, a decrease of 6 days from the previous year to 39 days. 5. Hong Kong Innovation, Technology and Industry Bureau: Promoting the development of the electric vehicle industry chain in Hong Kong. 6. SERES: Plans to issue 100 million H shares for its Hong Kong listing, with a maximum price of HK$131.5. 7. GAC Group: Net loss of 1.774 billion yuan in the third quarter. The profit decline was primarily due to factors such as fierce competition in the domestic auto industry. 8. New energy commercial vehicle insurance premium income exceeded 100 billion yuan in the first three quarters, a year-on-year increase of 36.6%. 9. EVE Energy: Demand for its commercial vehicle product line is expected to grow by more than 50% year-over-year in 2026. 10. Unity China and Leapmotor signed a strategic agreement. 11. Contemporary Amperex Technology Co., Ltd. and E-Control Intelligent Driving Co., Ltd. signed a strategic agreement. 12. Changan Automobile: Plans to jointly invest with Zhanxin Fund and others to establish a fund with a total subscribed capital of 1.002 billion yuan. 13. Chen Shihua, Deputy Secretary-General of the China Association of Automobile Manufacturers, called for a phased phase-out of the vehicle purchase tax reduction policy, with a reduction of 3% in 2026 and 7% in 2027.