本網站使用瀏覽器紀錄 (Cookies) 來提供您最好的使用體驗，我們使用的 Cookie 也包括了第三方 Cookie。相關資訊請訪問我們的隱私權與 Cookie 政策。如果您選擇繼續瀏覽或關閉這個提示，便表示您已接受我們的網站使用條款。 關閉
香港2025年12月5日 /美通社/ -- 2025年12月5日，香港中文大學（中大）商學院亞太工商研究所正式啟動第三階段「企業創新指數3.0」項目。自2021年獲中華人民共和國香港特別行政區政府創新科技署資助推出以來，「企業創新指數」已成為評估和推動香港大型企業與中小企業創新的標桿工具。 張惠民教授（左三）、巫菀菁女士（左四）、周林教授（左五）及「企業創新指數」籌委會成員。 本次項目啟動嘉賓包括創新科技署助理署長巫菀菁女士、中大商學院院長周林教授、中大商學院副院長（碩士課程）及亞太工商研究所常務所長張惠民教授，以及其他企業領袖、行業夥伴及支持機構代表。 張惠民教授（前排左三）、巫菀菁女士（前排左四）、周林教授（前排左五）及「企業創新指數」籌委會成員與一眾贊助商代表於「企業創新指數3.0」啟動儀式上合照。 本屆項目以「引領基準、通過實踐分享及標桿分析，提升企業創新能力」為主題，標誌香港企業創新評估進入全新階段。作為歷屆「企業創新指數」的演進與深化，本屆項目充分利用積累三年的數據資源，引入先進的人工智能診斷工具，開展突破性的縱向分析，以提供對創新趨勢與挑戰的前沿洞察。項目將開發並分享來自頂尖企業的深度案例研究和最佳實踐，以實現更精準的戰略制定與可實踐的創新指導。同時，項目還針對中小企業創新需求設計專項計劃，並提供量身定制的培訓項目和實用工具，釋放中小企業的創新潛力。 在此基礎上，項目致力構建可持續發展的創新支持體系，協助香港發展創新生態。通過深化與戰略合作夥伴香港總商會的協作，並聯合來自基礎設施、金融、公用事業和科技等關鍵領域的行業領軍企業，共同打造全方位的企業創新生態系統。這一系列舉措將為企業提供清晰的創新路線圖，協助其準確識別轉型過程中的優勢與不足，從而提升其在香港乃至全球市場的競爭力。 展望未來，「企業創新指數3.0」將持續優化評估體系，通過建立長效合作機制，確保項目為香港創新生態創造長期價值，以助香港鞏固其作為區域創新樞紐的地位。 有關中大商學院 香港中文大學（中大）商學院於1963年成立，是亞洲區內首間開辦工商管理學士 （BBA）、工商管理碩士（MBA）和行政人員工商管理碩士（EMBA）課程的商學院。目前，中大商學院共提供11個本科課程及22個研究生課程，包括：工商管理碩士（MBA）、行政人員工商管理碩士（EMBA）、會計碩士 （MAcc）、理學碩士（MSc）、哲學碩士（MPhil）、工商管理博士（DBA）及哲學博士（PhD）。學院現有逾5,000名來自全球30多個國家及地區的學生。 中大商學院金融學理學碩士課程於2025年度《金融時報》金融學碩士課程（無工作經驗）排名榜中躍升至全球第21位，穩踞全港第一、亞洲第四。中大的商界校友人數逾45,000人，為香港各商學院之冠，其中不少校友為商界的領袖精英。 有關詳情，請瀏覽：https://www.bschool.cuhk.edu.hk/chi/
HONG KONG, Dec. 5, 2025 /PRNewswire/ -- On 5 December 2025, The Asia-Pacific Institute of Business (APIB) at the Chinese University of Hong Kong (CUHK) Business School officially launched the third phase of the Corporate Innovation Index 3.0 (CII 3.0) project. With funding from the Innovation and Technology Commission of the Government of the Hong Kong Special Administrative Region of the People's Republic of China, the CII has become a benchmarking tool for assessing and fostering innovation among large corporations and small and medium-sized enterprises (SMEs) in Hong Kong since its inception in 2021. Prof. Waiman Cheung (third from left), Ms. Emily Mo (fourth from left), Dean Lin Zhou (fifth from left), and CII organising committee members. The Opening was attended by Ms. Emily Mo, assistant commissioner of the Innovation and Technology Commission, Professor Zhou Lin, dean of CUHK Business School and Professor Waiman Cheung, associate dean (graduate studies) and executive director of APIB. The event also brought together corporate leaders, industry partners and representatives from supporting organisations. Prof. Waiman Cheung (front row, third from left), Ms. Emily Mo (front row, fourth from left), Dean Lin Zhou (front row, fifth from left), CII organising committee members and representatives from the sponsoring organisations posed for a group photo in the opening of Corporate Innovation Index 3.0. Under the theme "Advancing Hong Kong Corporate Innovation with Strategic Benchmarking and Best Practice," the CII 3.0 project marks a new phase in corporate innovation assessment for Hong Kong. Evolving from the previous CII studies, the project leverages three years of accumulated data and advanced AI diagnostic tools to conduct groundbreaking longitudinal analysis, delivering cutting-edge insights into innovation trends and challenges. The project will develop and share in-depth case studies and best practices from top-performing enterprises, enabling more precise strategic planning and actionable innovation guidance. Specialised programmes have been designed to address the innovation needs of SMEs, providing tailored training and practical toolkits to unlock their innovation potential. Building on this foundation, the project is committed to establishing a sustainable innovation support system to advance Hong Kong's innovation ecosystem. Through enhanced collaboration with strategic partner The Hong Kong General Chamber of Commerce and partnerships with industry leaders from key sectors including infrastructure, finance, utilities, and technology, a comprehensive corporate innovation ecosystem is being developed. These initiatives will provide enterprises with a clear innovation roadmap, helping them accurately identify strengths and weaknesses in their transformation journey, thereby enhancing their competitiveness in both Hong Kong and global markets. Looking ahead, the CII 3.0 will continue to refine its assessment framework. By establishing long-term cooperation mechanisms, the project is poised to create lasting value for Hong Kong's innovation ecosystem and support the city in consolidating its position as a regional innovation hub. About CUHK Business School Established in Hong Kong in 1963, the Chinese University of Hong Kong (CUHK) Business School was the first business school to offer BBA, MBA, and Executive MBA programmes in Asia. Today, CUHK Business School offers 11 undergraduate programmes and 22 graduate programmes, including MBA, EMBA, MAcc, MSc, MPhil, DBA, and PhD. The school currently has more than 5,000 undergraduate and postgraduate students from more than 30 countries and regions. CUHK Business School's Master of Science (MSc) Programme in Finance has been ranked 21st globally in the Financial Times master's in finance – Pre-experience Programme ranking 2025. It is now ranked 1st in Hong Kong and 4th in Asia. At more than 45,000, CUHK Business School has the largest number of business alumni among universities and business schools in Hong Kong, many of whom are business leaders. For more details, please visit: https://www.bschool.cuhk.edu.hk/cuhk-business-school/
Transaction Unites Warner Bros.' Iconic Franchises and Storied Libraries with Netflix's Leading Entertainment Service, Creating an Extraordinary Offering for Consumers Netflix to Maintain Warner Bros.' Current Operations Combination Will Offer More Choice and Greater Value for Consumers, Create More Opportunities for the Creative Community and Generate Shareholder Value Acquisition Will Strengthen the Entertainment Industry --------------- HOLLYWOOD, Calif., Dec. 5, 2025 /PRNewswire/ -- Today, Netflix, Inc. (the Company) and Warner Bros. Discovery, Inc. (WBD) announced they have entered into a definitive agreement under which Netflix will acquire Warner Bros., including its film and television studios, HBO Max and HBO. Netflix_Warner_Brothers_Discovery The cash and stock transaction is valued at $27.75 per WBD share (subject to a collar as detailed below), with a total enterprise value of approximately $82.7 billion (equity value of $72.0 billion). The transaction is expected to close after the previously announced separation of WBD's Global Networks division, Discovery Global, into a new publicly-traded company, which is now expected to be completed in Q3 2026. This acquisition brings together two pioneering entertainment businesses, combining Netflix's innovation, global reach and best-in-class streaming service with Warner Bros.' century-long legacy of world-class storytelling. Beloved franchises, shows and movies such as The Big Bang Theory, The Sopranos, Game of Thrones, The Wizard of Oz and the DC Universe will join Netflix's extensive portfolio including Wednesday, Money Heist, Bridgerton, Adolescence and Extraction, creating an extraordinary entertainment offering for audiences worldwide. "Our mission has always been to entertain the world," said Ted Sarandos, co-CEO of Netflix. "By combining Warner Bros.' incredible library of shows and movies—from timeless classics like Casablanca and Citizen Kane to modern favorites like Harry Potter and Friends—with our culture-defining titles like Stranger Things, KPop Demon Hunters and Squid Game, we'll be able to do that even better. Together, we can give audiences more of what they love and help define the next century of storytelling." "This acquisition will improve our offering and accelerate our business for decades to come," continued Greg Peters, co-CEO of Netflix. "Warner Bros. has helped define entertainment for more than a century and continues to do so with phenomenal creative executives and production capabilities. With our global reach and proven business model, we can introduce a broader audience to the worlds they create—giving our members more options, attracting more fans to our best-in-class streaming service, strengthening the entire entertainment industry and creating more value for shareholders." "Today's announcement combines two of the greatest storytelling companies in the world to bring to even more people the entertainment they love to watch the most," said David Zaslav, President and CEO of Warner Bros. Discovery. "For more than a century, Warner Bros. has thrilled audiences, captured the world's attention, and shaped our culture. By coming together with Netflix, we will ensure people everywhere will continue to enjoy the world's most resonant stories for generations to come." Combination Will Offer More Choice, More Opportunities, More Value Complementary strengths and assets: Warner Bros.' studios are world-class, with Warner Bros. recognized as a leading supplier of television titles and filmed entertainment. HBO and HBO Max also provide a compelling, complementary offering for consumers. Netflix expects to maintain Warner Bros.' current operations and build on its strengths, including theatrical releases for films. More choice and greater value for consumers: By adding the deep film and TV libraries and HBO and HBO Max programming, Netflix members will have even more high-quality titles from which to choose. This also allows Netflix to optimize its plans for consumers, enhancing viewing options and expanding access to content. A stronger entertainment industry: This acquisition will enhance Netflix's studio capabilities, allowing the Company to significantly expand U.S. production capacity and continue to grow investment in original content over the long term which will create jobs and strengthen the entertainment industry. More opportunities for the creative community: By uniting Netflix's member experience and global reach with Warner Bros.' renowned franchises and extensive library, the Company will create greater value for talent—offering more opportunities to work with beloved intellectual property, tell new stories and connect with a wider audience than ever before. More value for shareholders: By offering members a wider selection of quality series and films, Netflix expects to attract and retain more members, drive more engagement and generate incremental revenue and operating income. The Company also expects to realize at least $2-3 billion of cost savings per year by the third year and expects the transaction to be accretive to GAAP earnings per share by year two. Transaction Details and Timing Under the terms of the agreement, each WBD shareholder will receive $23.25 in cash and $4.501 in shares of Netflix common stock for each share of WBD common stock outstanding at the closing of the transaction. The transaction values Warner Bros. Discovery at $27.75 per share, implying a total equity value of approximately $72.0 billion and an enterprise value of approximately $82.7 billion. In June 2025, WBD announced plans to separate its Streaming & Studios and Global Networks divisions into two separate publicly traded companies. This separation is now expected to be completed in Q3 2026, prior to the closing of this transaction. The newly separated publicly traded company holding the Global Networks division, Discovery Global, will include premier entertainment, sports and news television brands around the world including CNN, TNT Sports in the U.S., and Discovery, free-to-air channels across Europe, and digital products such as Discovery+ and Bleacher Report. The stock component is subject to a collar under which WBD shareholders will receive Netflix stock valued at $4.50 per share, provided the 15-day volume weighted average price ("VWAP") of Netflix stock price (measured three trading days prior to closing) falls between $97.91 and $119.67. If the VWAP is below $97.91, WBD shareholders will receive 0.0460 Netflix shares for each WBD share. If the VWAP is above $119.67, WBD shareholders will receive 0.0376 Netflix shares for each WBD share. The transaction was unanimously approved by the Boards of Directors of both Netflix and WBD. In addition to the completion of the separation of Discovery Global (WBD's Global Networks business), completion of the transaction is subject to required regulatory approvals, approval of WBD shareholders and other customary closing conditions. The transaction is expected to close in 12-18 months. Moelis & Company LLC is acting as Netflix's financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel. Wells Fargo is acting as an additional financial advisor and, along with BNP and HSBC, is providing committed debt financing related to the transaction. Allen & Company, J.P. Morgan and Evercore are serving as financial advisors to Warner Bros. Discovery and Wachtell Lipton, Rosen & Katz and Debevoise & Plimpton LLP are serving as legal counsel. Webcast Netflix will conduct a conference call today at 5:00am PT/8:00am ET to discuss the contents of this release. A link to the live webcast of the conference call will be available at https://ir.netflix.net/. IMPORTANT INFORMATION AND WHERE TO FIND IT In connection with the proposed transaction (the "Merger") between Netflix, Inc. ("Netflix") and Warner Bros. Discovery, Inc. ("WBD"), Netflix intends to file with the U.S. Securities and Exchange Commission (the "SEC") a registration statement on Form S-4 (the "Registration Statement"), which will include a prospectus with respect to the shares of Netflix's common stock to be issued in the Merger and a proxy statement for WBD's stockholders (the "Proxy Statement/Prospectus"), and WBD intends to file with the SEC the proxy statement. The definitive proxy statement (if and when available) will be mailed to stockholders of WBD. WBD also intends to file a registration statement for a newly formed subsidiary ("Discovery Global"), which is contemplated to own certain assets and businesses of WBD not being acquired by Netflix in connection with the Merger. Each of Netflix and WBD may also file with or furnish to the SEC other relevant documents regarding the Merger. This communication is not a substitute for the Registration Statement, the Proxy Statement/Prospectus or any other document that Netflix or WBD may file with the SEC or mail to WBD's stockholders in connection with the Merger. INVESTORS AND SECURITY HOLDERS OF NETFLIX AND WBD ARE URGED TO READ THE REGISTRATION STATEMENT AND THE PROXY STATEMENT/PROSPECTUS INCLUDED WITHIN THE REGISTRATION STATEMENT WHEN THEY BECOME AVAILABLE, AS WELL AS ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC IN CONNECTION WITH THE MERGER OR INCORPORATED BY REFERENCE INTO THE REGISTRATION STATEMENT AND THE PROXY STATEMENT/PROSPECTUS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO), BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION REGARDING NETFLIX, WBD, THE MERGER AND RELATED MATTERS. The documents filed by Netflix with the SEC also may be obtained free of charge at Netflix's website at https://ir.netflix.net/home/default.aspx. The documents filed by WBD with the SEC also may be obtained free of charge at WBD's website at https://ir.wbd.com. PARTICIPANTS IN THE SOLICITATION Netflix, WBD and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of WBD in connection with the Merger under the rules of the SEC. Information about the interests of the directors and executive officers of Netflix and WBD and other persons who may be deemed to be participants in the solicitation of stockholders of WBD in connection with the Merger and a description of their direct and indirect interests, by security holdings or otherwise, will be included in the Proxy Statement/Prospectus, which will be filed with the SEC. Information about WBD's directors and executive officers is set forth in WBD's proxy statement for its 2025 Annual Meeting of Stockholders on Schedule 14A filed with the SEC on April 23, 2025, WBD's Annual Report on Form 10-K for the year ended December 31, 2024, and any subsequent filings with the SEC. Information about Netflix's directors and executive officers is set forth in Netflix's proxy statement for its 2025 Annual Meeting of Stockholders on Schedule 14A filed with the SEC on April 17, 2025, and any subsequent filings with the SEC. Additional information regarding the direct and indirect interests of those persons and other persons who may be deemed participants in the Merger may be obtained by reading the Proxy Statement/Prospectus regarding the Merger when it becomes available. Free copies of these documents may be obtained as described above. NO OFFER OR SOLICITATION This communication is for informational purposes only and does not constitute, or form a part of, an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, and otherwise in accordance with applicable law. CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS This document contains "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on Netflix's and WBD's current expectations, estimates and projections about the expected date of closing of the Merger and the potential benefits thereof, their respective businesses and industries, management's beliefs and certain assumptions made by Netflix and WBD, all of which are subject to change. All forward-looking statements by their nature address matters that involve risks and uncertainties, many of which are beyond our control and are not guarantees of future results, such as statements about the consummation of the Merger and the anticipated benefits thereof. These and other forward-looking statements, including the failure to consummate the Merger or to make or take any filing or other action required to consummate the transaction on a timely matter or at all, are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements and caution must be exercised in relying on forward-looking statements. Important risk factors that may cause such a difference include, but are not limited to: (i) the completion of the Merger on anticipated terms and timing, including obtaining stockholder and regulatory approvals, completing the separation of WBD's Global Networks business and Streaming and Studios business, anticipated tax treatment, unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management strategies, expansion and growth of WBD's and Netflix's businesses and other conditions to the completion of the Merger; (ii) failure to realize the anticipated benefits of the Merger, including as a result of delay in completing the transaction or integrating the businesses of Netflix and WBD; (iii) Netflix's and WBD's ability to implement their business strategies; (iv) consumer viewing trends; (v) potential litigation relating to the Merger that could be instituted against Netflix, WBD or their respective directors; (vi) the risk that disruptions from the Merger will harm Netflix's or WBD's business, including current plans and operations; (vii) the ability of Netflix or WBD to retain and hire key personnel; (viii) potential adverse reactions or changes to business relationships resulting from the announcement, pendency or completion of the Merger; (ix) uncertainty as to the long-term value of Netflix's common stock; (x) legislative, regulatory and economic developments affecting Netflix's and WBD's businesses; (xi) general economic and market developments and conditions; (xii) the evolving legal, regulatory and tax regimes under which Netflix and WBD operate; (xiii) potential business uncertainty, including changes to existing business relationships, during the pendency of the Merger that could affect Netflix's or WBD's financial performance; (xiv) restrictions during the pendency of the Merger that may impact Netflix's or WBD's ability to pursue certain business opportunities or strategic transactions; and (xv) failure to receive the approval of the stockholders of WBD. These risks, as well as other risks associated with the Merger, will be more fully discussed in the Registration Statement and Proxy Statement/Prospectus to be filed with the SEC in connection with the Merger and the registration statement to be filed with the SEC in connection with the separation. While the list of factors presented here is, and the list of factors presented in the Registration Statement and Proxy Statement/Prospectus will be, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on Netflix's or WBD's consolidated financial condition, results of operations or liquidity. The forward-looking statements included in this communication are made only as of the date hereof. Neither Netflix nor WBD assumes any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. 1 Reflects a 10% symmetrical collar.
德州達拉斯2025年12月5日 /美通社/ -- Cango Inc.（NYSE: CANG）（「Cango」或「公司」）今日發佈其2025年11月的比特幣產量及挖礦業務最新情況。 2025年11月比特幣挖礦產量及挖礦業務最新情況 指標 2025年11月 1 2025年10月 1 比特幣產量 546.7 602.6 日均比特幣產量 18.22 19.44 比特幣持有總量2 6,959.3 6,412.6 部署算力 50 EH/s 50 EH/s 平均運行算力 3 44.38 EH/s 46.09 EH/s 1. 未經審計的估算數據。 2. 截至當月月末數據。 3. 當月平均值。 註：Cango長期持有比特幣，目前無意出售其持有的任何比特幣 Cango首席執行官兼董事Paul Yu表示：「我們在11月迎來戰略轉型一週年的里程碑。本月不僅見證了我們的成長軌跡，更清晰展現了未來發展方向。自今年初將部署算力從32 EH/s擴增至50 EH/s以來，我們持續優化營運效能，使平均運行算力穩定維持在90%左右水平，並在本月底實現6,959.3枚比特幣的資產儲備。隨著美國存托憑證計劃（ADR）的終止，我們順利完成紐約證券交易所的過渡上市，使投資者可直接持股，為美國市場拓展了更透明的溝通渠道與更緊密的戰略連結。這些成果為我們奠定更堅實的基礎，並推進了我們從領先的比特幣礦企，轉型為以綠色能源驅動的全球分佈式 AI 算力網絡的長期願景。」 關於Cango Inc.Cango Inc.(NYSE:CANG)是一家全球化佈局的比特幣挖礦企業，業務戰略覆蓋北美、中東、南美及東非等關鍵地區。依託區塊鏈技術革新與數字資產普及浪潮，公司於2024年11月正式進軍加密資產領域，致力於通過多元化業務模式推動行業可持續發展。同時，燦谷繼續通過AutoCango.com開展線上國際二手車出口業務，讓全球客戶能夠更便捷地獲取來自中國的高品質車源。如欲了解更多信息，請瀏覽：www.cangoonline.com。 投資者關係聯絡Juliet YECango Inc. 傳播總監電郵：ir@cangoonline.com Christensen Advisory電話: +852 2117 0861電郵: cango@christensencomms.com
DALLAS, Dec. 5, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today published its Bitcoin production and mining operations update for November 2025. Bitcoin Mining Production and Mining Operations Update for November 2025 Metric November 2025 [1] October 2025 [1] Number of Bitcoin produced 546.7 602.6 Average number of Bitcoin produced per day 18.22 19.44 Total number of Bitcoin held [2] 6,959.3 6,412.6 Deployed hashrate 50 EH/s 50 EH/s Average operating hashrate [3] 44.38 EH/s 46.09 EH/s Unaudited, estimated. As of month-end. Average over the month. Note: Cango holds Bitcoin for the long term and does not currently intend to sell any of its Bitcoin holdings. Paul Yu, CEO and Director of Cango, commented, "November marked the one-year milestone of our strategic transformation, and it was a month that demonstrated both our progress and our direction. Since expanding our deployed hashrate from 32 EH/s to 50 EH/s earlier this year, we have steadily optimized our operations to achieve average operating hashrate levels of around 90%, and closed the month with 6,959.3 BTC in holdings. We also completed our transition to the New York Stock Exchange following the termination of our ADR program, allowing for direct share ownership and opening a new chapter of visibility and alignment in the U.S. market. These achievements strengthen our foundation and advance our long-term vision to evolve from a leading Bitcoin miner into a global, distributed AI compute network powered by green energy." About Cango Inc. Cango Inc. (NYSE: CANG) is primarily engaged in the Bitcoin mining business, with operations strategically deployed across North America, the Middle East, South America, and East Africa. The Company entered the crypto asset space in November 2024, driven by advancements in blockchain technology, the growing adoption of digital assets, and its commitment to diversifying its business portfolio. In parallel, Cango continues to operate an online international used car export business through AutoCango.com, making it easier for global customers to access high-quality vehicle inventory from China. For more information, please visit: www.cangoonline.com. Investor Relations Contact Juliet YE, Head of CommunicationsCango Inc.Email: ir@cangoonline.com Christensen AdvisoryTel: +852 2117 0861Email: cango@christensencomms.com
WUHAN, China, Dec. 5, 2025 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that its subsidiary, Hyoseong (Wuhan) Motion Mechatronics System Co. Ltd., has entered the final commissioning stage of its new 115–platform steering motor production line. Developed to support the CAAS eRCB commercial vehicle program, mass production of this new motor is scheduled to begin mid–December 2025. The 115–platform electric motor delivers torque exceeding 20 N•m, representing the culmination of three years of research and development. This new motor technology and production capability marks a significant milestone in CAAS' advanced intelligent steering strategy. The new production line, co–developed with Wiselink Technology Co., Ltd., has undergone rigorous expert reviews and testing. This advanced electric steering motor has successfully passed development and verification with approximately ten of the world's leading OEMs, highlighting the motor's technological excellence, performance and readiness for commercial production. eRCB refers to an electric recirculating ball steering system. eRCB is an advanced electric power steering (EPS) system primarily for commercial vehicles. This system combines the durability of a recirculating ball mechanism with the efficiency and control of electric power. This system offers performance and environmental advantages and can be integrated into advanced driver-assist systems (ADAS). Hyoseong, a 51%-owned subsidiary of CAAS, develops and produces a broad range of industrial electric motors including low, medium, and high voltage types, as well as geared motors and DC motors, used across various industries. Hyoseong will continue to deepen its technological research and development, strengthen its market expansion, and provide global commercial vehicle customers with higher-quality products and solutions. Mr. Qizhou Wu, the Chief Executive Officer of CAAS, commented, "This advanced intelligent electric steering motor presents new growth opportunities and represents a major breakthrough for high-torque steering motors in the global commercial vehicle markets. We will continue our combined research and development efforts with Hyoseong to further add to our technology, and produce advanced products and solutions to lead the global steering industry towards a new future of intelligence development." About China Automotive Systems, Inc. Based in Hubei Province, the People's Republic of China, China Automotive Systems, Inc. is a leading supplier of power steering components and systems to the Chinese automotive industry, operating through its sixteen Sino-foreign joint ventures and wholly owned subsidiaries. The Company offers a full range of steering system parts for passenger automobiles and commercial vehicles. The Company currently offers four separate series of power steering with an annual production capacity of over 8 million sets of steering gears, columns and steering hoses. Its customer base is comprised of leading auto manufacturers, such as China FAW Group, Corp., Dongfeng Auto Group Co., Ltd., BYD Auto Company Limited, Beiqi Foton Motor Co., Ltd. and Chery Automobile Co., Ltd. in China, and Stellantis N.V. and Ford Motor Company in North America. For more information, please visit: http://www.caasauto.com. Forward-Looking Statements This press release contains statements that are "forward-looking statements" as defined under the Private Securities Litigation Reform Act of 1995. Forward-looking statements represent our estimates and assumptions only as of the date of this press release. Our actual results may differ materially from the results described in or anticipated by our forward-looking statements due to certain risks and uncertainties. As a result, the Company's actual results could differ materially from those contained in these forward-looking statements due to a number of factors, including those described under the heading "Risk Factors" in the Company's Annual Report on Form 10-K as filed with the Securities and Exchange Commission on March 28, 2025, and in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission. Any of these factors and other factors beyond our control, could have an adverse effect on the overall business environment, cause uncertainties in the regions where we conduct business, cause our business to suffer in ways that we cannot predict, and materially and adversely impact our business, financial condition and results of operations. A prolonged disruption or any further unforeseen delay in our operations of the manufacturing, delivery and assembly process within any of our production facilities could continue to result in delays in the shipment of products to our customers, increased costs and reduced revenue. We expressly disclaim any duty to provide updates to any forward-looking statements made in this press release, whether as a result of new information, future events or otherwise. For further information, please contact: Jie LiChief Financial OfficerChina Automotive Systems, Inc.jieli@chl.com.cn Kevin TheissAwaken Advisors+1-212-510-8922Kevin@awakenlab.com
A12 藝術空間
請先登入後才能發佈新聞。
還不是會員嗎？立即 加入台灣產經新聞網會員 ，使用免費新聞發佈服務。 （服務項目） （投稿規範）
