GAC GROUP (02238) surged over 6%, rising 6.67% to HK$3.36 with a trading volume of HK$80.19 million as of press time.

On the news front, JD.com officially announced via Weibo on October 14th that it will partner with GAC GROUP and CATL to jointly launch an automotive product. According to reports, the companies will gradually roll out beta version and public test drive activities by the end of October, with the new vehicle officially launching on November 9th.

According to the Science and Technology Innovation Board Daily, GAC GROUP's investor relations department stated that the new vehicle will utilize CATL's chocolate battery swapping technology and will be sold on the JD platform, though specific vehicle model details cannot be disclosed at this time.

GAC GROUP explained, "JD.com is not currently involved in the research and development phase, and the parties have no plans to establish a joint venture company for now. JD.com is primarily responsible for sales and after-sales services, which can be understood as selling cars on an e-commerce platform similar to how smartphones are sold."