GMT EIGHT - Latest - Yiteng Jiahe (06998.HK) spent 379,200 Hong Kong dollars on July 17 to repurchase 200,000 shares.

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Jiejia Weichuang (300724.SZ) issued a profit warning, expecting a half-year net profit attributable to shareholders of 362 million to 490 million yuan, a year-on-year decrease of 73.23% to 80.22%.

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Stellantis NV: Opel Automobile GmbH and AGM Holding GmbH signed a memorandum of understanding in Berlin, marking the first time local engine production capacity will be established in Algeria.

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Stellantis Group's Opel confirms strategic measures for local vehicle and engine production in Algeria.

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On July 17, the Department of Industry and Information Technology's Equipment Industry organized a symposium for key automotive production enterprises to deploy further regulations on the competition order in the automotive industry, enhance the consistency and quality safety level of automotive products, and carry out key tasks such as investigating and supervising potential risks of automotive product safety. The meeting emphasized that automotive production enterprises must thoroughly implement the decisions and deployments of the Party Central Committee and the State Council, resolutely resist irrational competition, strengthen product testing verification and safety assessment, and firmly maintain the bottom line of product consistency and quality safety. First, it is necessary to conduct in-depth investigations of potential safety risks in products, compare them with relevant management requirements, systematically identify problems in product consistency, reliability, durability, and testing verification of new technologies for both companies and key component suppliers, and earnestly carry out rectification work while comprehensively strengthening supply chain management and enhancing production consistency guarantee capabilities. Second, it is important to strengthen product innovation design testing and verification, fully assess safety risks, cautiously promote the application of new technology in vehicles, ensure compliance with relevant national standards and requirements for safeguarding human health and personal and property safety, strictly fulfill the obligation to inform, and refrain from exaggeration and false advertising. Third, it is important to enhance the safety assessment of combined driving assistance and autonomous driving functions, further strengthen enterprises' safety assurance capabilities in functional safety, expected functional safety, network security, data security, software upgrades, etc., and strengthen safety event monitoring and handling. The meeting emphasized that automotive production enterprises must firmly establish the concept of "safety first, quality supreme," effectively take responsibility for ensuring product quality and safety, and safeguarding public safety, as well as the safety of citizens' lives and property. They should focus on risk prevention in aspects such as product design verification, production manufacturing, and after-sales service, effectively protect consumers' legitimate rights and interests. The next step for the Department of Industry and Information Technology is to work with relevant departments to further carry out actions to enhance the consistency and quality improvement of road motor vehicle production, address outstanding issues, further strengthen the admission review and testing verification of innovative designs of automotive products, conduct supervision and inspection of the safety assurance capabilities and production consistency of road motor vehicle production enterprises, and enhance the management of road motor vehicle inspection and testing institutions. For road motor vehicle production enterprises and inspection and testing institutions with existing problems, they will be dealt with strictly in accordance with the law and regulations to firmly maintain the safety bottom line of automotive products.

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The 16th National Procuratorate Work Conference was held in Beijing. Chen Wenqing attended the meeting and delivered a speech.