Core Viewpoint - The article highlights the accelerating trend towards pure electric vehicles (EVs) in the Chinese automotive market, as evidenced by July sales data showing that pure electric models are outpacing plug-in hybrid models in terms of both sales volume and growth rate [2][3]. Sales Data Summary - In July, BYD sold 344,296 vehicles, with pure electric models accounting for 177,900 units and plug-in hybrids for 163,100 units, marking a shift where pure electric sales have surpassed hybrids [4][6]. - Geely's July sales reached 130,124 units, with pure electric models at approximately 90,000 units and plug-in hybrids at about 40,000 units, reflecting a significant increase from the previous year [9][11]. - Li Auto's July delivery was 30,731 units, showing a decline of 39.74% year-on-year, while NIO's was 21,017 units, a slight increase of 2.53% [2][12]. Industry Trends - The article notes that the previous dominance of plug-in hybrids and range-extended vehicles is diminishing, with industry leaders like NIO's chairman Li Bin stating that pure electric is the ultimate technology route for the future of new energy vehicles [2][15]. - New entrants like Leap Motor and Xiaomi have also reported significant growth, with Leap Motor achieving over 50,000 deliveries for the first time and Xiaomi surpassing 30,000 units in July [18][19]. Competitive Landscape - The competition among new energy vehicle manufacturers is intensifying, with companies like Xpeng and NIO adopting rapid launch strategies for new models, indicating a shift towards a more dynamic market [15][16]. - The article emphasizes that the market is evolving quickly, with companies needing to adapt their product launch and delivery strategies to keep pace with consumer demand [15][16].

Core Viewpoint - Dongfeng Liuzhou Motor Co., Ltd. issued an open letter addressing the controversy surrounding the use of a collision test video involving its products by Li Auto during a product launch, emphasizing significant discrepancies between the test conditions and real traffic situations [1] Group 1 - Dongfeng Liuzhou Motor expressed the need for a rational perspective on the incident and urged the public to remain calm amidst online discussions [1] - The company highlighted the importance of adhering to traffic regulations, regular vehicle maintenance, and enhancing proactive safety awareness as more effective safety measures than any test [1] - The controversy was sparked by a video shown at Li Auto's launch of its first pure electric SUV, the Li Auto i8, which depicted a head-on collision with a heavy truck, leading to significant public discourse [1] Group 2 - The video in question featured a heavy truck, identified as a Chenglong truck, which was not obscured in the initial release, prompting online discussions about the implications of the test [1] - Dongfeng Liuzhou Motor conducted technical verification and professional assessment of the video, concluding that the testing scenarios were not representative of actual traffic conditions [1]

Group 1: Overall Market Performance - In July, BYD led the market with a total vehicle sales of 344,296 units, slightly up from 342,383 units in the same month last year [1][2] - The new energy vehicle segment showed significant growth, with BYD's pure electric vehicle sales reaching 177,887 units and plug-in hybrid vehicle sales at 163,143 units [2] - The overall performance of new car manufacturers varied, with Li Auto experiencing a 15% month-on-month decline in deliveries, while NIO delivered 21,017 units, marking a 25.2% year-on-year increase [1][2] Group 2: Individual Company Performance - Geely reported a total vehicle sales of 237,700 units in July, representing a 58% year-on-year increase [2] - NIO's deliveries included 12,675 units from its NIO brand, 5,976 units from the Lada brand, and 2,366 units from the Firefly brand [2] - Xiaopeng Motors achieved a record monthly delivery of 36,717 units in July, a 229% year-on-year increase and a 6% month-on-month increase [2][3] - Li Auto delivered 30,731 units in July, with a cumulative delivery of 1,368,541 units as of July 31, 2025 [3] - Xiaomi's automotive division reported over 30,000 units delivered in July, reflecting a year-on-year growth of approximately 20% [3] - Leap Motor achieved a significant milestone with total deliveries reaching 50,129 units in July, a year-on-year increase of over 126% [3] Group 3: Other Notable Performances - IM Motors delivered 7,027 units in July [4] - Zeekr Technology reported sales of 44,200 units in July, with a year-on-year growth of 20% and a month-on-month growth of 3% [4] - GAC Aion's sales for July reached 26,557 units [5]

智通财经APP获悉，8月1日，各家车企发布了上月交付数据。7月，比亚迪(002594.SZ)汽车以344296销 量辆继续领跑，四家造车新势力企业交付量出现明显分化，零跑(09863)和小鹏汽车(09868)再创单月交 付纪录，零跑汽车月销量首次突破5万台，理想汽车(02015)交付量则环比下滑约15%，蔚来汽车(09866) 交付新车21,017台，前七个月同比增长25.2%。 具体来看： 比亚迪公告，7月汽车销量344296辆，去年同期销量342,383辆；乘用车销量341030辆，纯电动乘用车销 量177887辆，插电式混合动力乘用车销量163143辆。 吉利汽车(00175)在港交所公告，7月份汽车总销量为23.77万辆，同比增长58%。 蔚来表示，2025年7月，蔚来公司交付新车21,017台，前七个月同比增长25.2%。其中，蔚来品牌交付新 车12,675台；乐道品牌交付新车5,976台；firefly萤火虫品牌交付新车2,366台。7月31日乐道L90(智能大 空间旗舰SUV)正式发布并立即开始向用户交付。 据蔚来汽车高管在个人社交平台上透露，乐道L90上市后，一度出现"销售系统被挤爆"。在乐道 ...

Group 1 - The core viewpoint is that popular Chinese concept stocks experienced a decline in pre-market trading on August 1, with significant drops observed across various companies [1] Group 2 - Bilibili, Tencent Music, and Li Auto each fell over 3% [1] - Alibaba dropped over 2%, while Pinduoduo, Baidu, iQIYI, NIO, and Xpeng Motors all saw declines exceeding 1% [1] - JD.com experienced a smaller decline of 0.79% [1]

Group 1: Company Earnings - PCCW (00008.HK) reported a revenue of HKD 18.922 billion for the first half, a year-on-year increase of 7%, with a net loss of HKD 0.445 billion, narrowing by 4% [1] - Xinyi Solar (00968.HK) recorded a revenue of HKD 10.932 billion, a decrease of 6.5% year-on-year, with a net profit of HKD 0.746 billion, down 58.8% [2] - Xinyi Glass (00868.HK) had a revenue of HKD 9.821 billion, a year-on-year decrease of 9.7%, with a net profit of HKD 1.013 billion, down 59.6% [3] - Xinyi Energy (03868.HK) reported a revenue of HKD 1.21 billion, an increase of 7.7% year-on-year, with a net profit of HKD 0.45 billion, up 23.4% [4] - DTXS Silk Road Investment (02510.HK) issued a profit warning, expecting a mid-term net profit of approximately USD 180-200 million, a year-on-year increase of about 220% to 255% [5] - Lianhua Supermarket (00980.HK) issued a profit warning, expecting a mid-term net profit of approximately HKD 25-55 million [6] - Tibet Water Resources (01115.HK) issued a profit warning, expecting a mid-term net profit of approximately HKD 36 million, a year-on-year increase of about 300% [7] - Foton Motor (00420.HK) issued a profit warning, expecting a mid-term net profit of HKD 30.7 million, turning from loss to profit [8] - Hong Kong Travel (00308.HK) issued a profit warning, expecting a mid-term net loss exceeding HKD 70 million, turning from profit to loss [9] - Poly Property Group (00119.HK) issued a profit warning, expecting a mid-term net profit to decline by 40%-50% year-on-year [10] - Kefu Shan Group Holdings (08512.HK) issued a profit warning, expecting a mid-term net profit to decrease to approximately HKD 43-47 million [11] - Mobi Development (00947.HK) issued a profit warning, expecting a mid-term net loss of approximately HKD 32 million [12] - Changmao Biochemical Engineering (00954.HK) issued a profit warning, expecting a mid-term net loss of approximately HKD 24-27 million [13] - Yunyou Holdings (00484.HK) issued a profit warning, expecting a mid-term net loss to increase to approximately HKD 21 million [14] - Weiya Li (00854.HK) issued a profit warning, expecting a mid-term net profit of approximately HKD 15-25 million, turning from loss to profit [15] Group 2: Automotive Sales - BYD Company (01211.HK) reported sales of approximately 2.4903 million new energy vehicles in the first seven months, a year-on-year increase of 27.35% [16] - Great Wall Motors (02333.HK) reported total vehicle sales of approximately 674,200 units in the first seven months, a year-on-year increase of 3.57% [17] - Li Auto (02015.HK) delivered 30,731 new vehicles in July [18] - Geely Automobile (00175.HK) reported total vehicle sales of 237,700 units in July, a year-on-year increase of approximately 58% [19] Group 3: Company News - Sinopec Engineering (02386.HK) signed a front-end engineering design (FEED) contract for a large green hydrogen project in Yanbu, Saudi Arabia, with a contract value expected to reach several billion USD [20] - InnoCare Pharma (02577.HK) partnered with NVIDIA to jointly promote the large-scale implementation of 800 VDC power architecture in AI data centers [21] - Zijin Mining (02899.HK) received parliamentary approval for the mining lease of the Akyem gold mine in Ghana, with a total transaction value of USD 1 billion [22] - Codex-B (02487.HK) received approval from the Hong Kong Department of Health for the listing of CU-40102 (topical finasteride spray) for the treatment of androgenetic alopecia [23] - Mixue Group (02097.HK) subscribed to a wealth management product from Pudong Development Bank, involving an investment of HKD 300 million [24] Group 4: Buyback Activities - Hang Seng Bank (00011.HK) repurchased 200,000 shares at a cost of approximately HKD 22.5922 million, with repurchase prices ranging from HKD 112.4 to 114.3 [25] - Vitasoy International (00345.HK) repurchased 1.844 million shares at a cost of approximately HKD 16.89 million, with repurchase prices ranging from HKD 9.14 to 9.17 [26]

Group 1: Company Performance - Xiaopeng Motors achieved a record monthly delivery of 36,717 vehicles in July, marking a 229% year-on-year increase and a 6% month-on-month increase, with total deliveries for the year reaching 233,906 units, up 270% [1][4] - Leap Motor's July deliveries reached 50,129 units, a year-on-year increase of over 126%, marking its first time surpassing 50,000 units in a month, with total deliveries for the year at 271,793 units [4][7] - Xiaomi Motors reported over 30,000 vehicle deliveries in July, tripling from 10,000 units in the same month last year, with production capacity expected to ramp up significantly [7][10] - Li Auto delivered 30,731 vehicles in July, a 39.74% year-on-year decrease from 51,000 units in the same month last year, with total cumulative deliveries reaching 1,368,541 units [12] - NIO delivered 21,017 vehicles in July, with year-to-date deliveries of 135,167 units, reflecting a 25.2% year-on-year increase [12][14] Group 2: Market Trends - The automotive industry is experiencing a price war, with over 60 models having price cuts in the first four months of 2025, escalating to over 100 models in May [15][17] - The China Automotive Association noted that July's retail sales for narrow passenger vehicles were approximately 1.85 million units, a 7.6% year-on-year increase, while new energy vehicle sales are expected to reach 1.01 million units, with a penetration rate of about 54.6% [18]

Sales Performance Summary - GAC Aion reported July sales of 26,557 units [1] - Zhiji Auto achieved a delivery volume of 7,027 units in July [1] - Xiaomi's electric vehicle deliveries exceeded 30,000 units in July [1] - Avita recorded July sales of 10,062 units, representing a year-on-year increase of 178% [1] - Lantu Auto delivered 12,135 units in July, marking a year-on-year growth of 102% [1] - Zeekr delivered 44,193 units in July 2025, showing a year-on-year increase of 19.7% [1] - NIO delivered 21,017 new vehicles in July, with a year-to-date growth of 25.2% [1] - BYD's new energy vehicle sales reached 344,300 units in July, slightly up from 342,400 units in the same month last year [1] - Hongmeng Zhixing achieved total sales of 47,752 units in July, with 40,753 units from the Wenjie series [1] - Li Auto delivered 30,731 new vehicles in July 2025, reflecting a year-on-year decline of 40% [1] - Xpeng Motors set a new monthly delivery record with 36,717 smart electric vehicles delivered in July, a year-on-year increase of 229% [1] - Leap Motor reached a historical high in July with total deliveries of 50,129 units, a year-on-year increase of over 126%, marking the first time monthly sales surpassed 50,000 units [1]

Group 1 - Several automakers, including Xpeng, Leapmotor, and Xiaomi, reported record-high sales in July, with "breakthrough" being a key term in their delivery reports [1][2] - Leapmotor announced a monthly delivery of 50,129 vehicles in July, marking a year-on-year increase of over 126%, and its June deliveries were 48,000 units, up over 138% [2] - Xiaomi's vehicle deliveries exceeded 30,000 units in July, setting a new brand record, and the company plans to increase its annual delivery target for 2025 to 350,000 units [4] Group 2 - Xpeng delivered 36,717 smart electric vehicles in July, a year-on-year increase of 229%, and has achieved over 300,000 deliveries for nine consecutive months [5] - In July, Li Auto delivered 30,371 vehicles, a decline of 39.74% year-on-year, while NIO delivered 21,017 vehicles, with a year-to-date growth of 25.2% [7] - The overall retail market for narrow passenger vehicles in July is estimated to be around 1.85 million units, reflecting a year-on-year growth of 7.6% [8]

Core Viewpoint - The conflict between Li Auto and Dongfeng's Chenglong truck brand over a crash test video has sparked significant public and media attention, raising questions about the validity and implications of the test results [1][2][4]. Group 1: Incident Overview - The incident began on July 29 during the launch of Li Auto's second electric vehicle, the Li i8, where a crash test video was shown, leading to controversy regarding the test's authenticity and implications [1][2]. - The truck involved in the test was identified as a Chenglong truck, a key brand under Dongfeng Motor Group, which later issued a statement claiming unauthorized use and distortion of the test results by Li Auto [2][5]. - Chenglong's statement highlighted concerns over the test's lack of transparency, questioning the conditions and specifications of the vehicles involved [2][4]. Group 2: Responses and Reactions - Li Auto defended the test, stating it was conducted by a professional third-party testing agency, China Automotive Research, and claimed that the test conditions were legitimate [3][4]. - The public reaction included mixed opinions, with some supporting Li Auto's call for a retest, while others criticized the use of an 8-ton truck, which is classified as a medium truck rather than a heavy truck [4][6]. - The incident has unexpectedly raised the profile of Chenglong, a brand primarily known in the commercial vehicle sector, bringing it into the public eye [5][6]. Group 3: Company Background - Chenglong trucks are produced by Dongfeng Liuzhou Motor Co., a state-owned enterprise with a history dating back to 1954, transitioning from agricultural machinery to automotive manufacturing [5][6]. - Dongfeng Liuzhou has made significant strides in the commercial vehicle market, with a record sales of 55,000 units in 2017 and a projected total sales of 118,000 units for 2024 [6]. - The company is currently facing challenges in the passenger vehicle market and is under pressure to adapt to the shift towards new energy vehicles, as indicated by recent strategic shifts within Dongfeng Group [6][7].