Core Viewpoint - The report from China Merchants Securities International indicates that the pricing of Li Auto's new model i8 aligns with expectations, while the oil-electric pricing exceeds expectations. The target price is maintained at HKD 138 with a "Buy" rating [1] Company Analysis - The market has a misunderstanding regarding the i8, as the pure electric i-series is not the primary investment value for Li Auto. The potential of the range-extended L series remains significant, which could expand the company's market space by 30-50% [1] - The i8 is viewed as a high-end, slow-moving product, with the i6, set to be released in September, expected to be the true volume product for the pure electric series. Short-term deliveries are not anticipated to have a strong impact [1] Sales Forecast - The estimated monthly sales for the i8 are projected to be between 3,000 to 5,000 units, primarily aimed at validating the pure electric product before paving the way for the i6 [1]

Core Viewpoint - The report from China Merchants Securities International indicates that the pricing of Li Auto's new model i8 aligns with expectations, with the fuel-electric price being better than anticipated. The target price is maintained at HKD 138 with a "Buy" rating [1] Group 1: Company Insights - The market has a misunderstanding regarding the i8, as the pure electric i-series is not the primary investment value for Li Auto; the range-extended L series still holds significant potential [1] - These two factors could expand the company's potential market space by at least 30-50% [1] - The i8 is viewed as a high-end product with a slow market uptake, while the i6, expected to be released in September, is anticipated to be the true volume product for the pure electric series [1] Group 2: Sales Projections - Short-term deliveries of the i8 are not expected to have a strong impact, with estimated monthly sales ranging from 3,000 to 5,000 units, primarily aimed at validating the pure electric product [1] - The i8's stable performance is expected to pave the way for the i6's market entry [1]

Group 1: E-commerce and Market Trends - AliExpress has become the second-largest e-commerce platform in Saudi Arabia, with the country's e-commerce market reaching 500 billion Saudi Riyals (approximately 133.3 billion USD) [1] Group 2: Automotive Industry Developments - Li Auto's CEO, Li Xiang, referred to the Li MEGA incident as the largest smear campaign in automotive history, while the Li MEGA has achieved over 500,000 sales, making it the best-selling MPV and the top-selling electric vehicle over 500,000 RMB [2][12] - Li Auto officially launched the family-oriented six-seat electric SUV, the Li i8, with prices set at 321,800 RMB, 349,800 RMB, and 369,800 RMB for the Pro, Max, and Ultra versions, respectively, with deliveries starting on August 20, 2025 [13] Group 3: Technology and Innovation - OpenAI launched the ChatGPT Study learning mode, designed for the education sector, providing interactive prompts and personalized guidance, functioning as a 24/7 intelligent tutor [11] - LG Energy Solution signed a $4.3 billion contract with Tesla to supply lithium iron phosphate (LFP) batteries for energy storage systems, with production to occur at LG's U.S. facility [7][14] Group 4: Food and Beverage Industry - JD.com reported over 66,000 applications for its "Dish Partner" recruitment initiative for its Seven Fresh Kitchen, with daily orders exceeding 1,000 and a three-day repurchase rate 220% above average [9][10] Group 5: Cultural and Sports Initiatives - The Hunan Provincial Sports Bureau announced the "Xiang Super League" for youth football, scheduled from September to December 2025, aimed at promoting local talent and enhancing cultural and economic development [3][4] Group 6: Immigration Policies - China has implemented unilateral visa exemptions or comprehensive mutual visa exemptions for 75 countries, expanding transit visa-free countries to 55 and increasing entry ports to 60, with a unified stay duration of 240 hours [5][6] Group 7: Strategic Partnerships - Giant Legend and Hangzhou Yushu Technology signed a cooperation agreement to develop consumer-grade robots with strong IP attributes, focusing on four-legged robotic dogs and other social robots [8] - Elon Musk discussed a partnership with Samsung Electronics' chairman, confirming a $16.5 billion chip manufacturing agreement for Tesla's next-generation AI6 chip [14]

新浪科技讯 7月31日上午消息，理想汽车近日发布了家庭六座纯电SUV理想i8，其还邀请了相声演员岳 云鹏拍摄广告。 不过新浪科技注意到，在理想i8的广告评论区，乐道汽车总裁沈斐"贴脸开大"，他表示：欢迎一起试驾 下乐道L90，都是好车。 对此，有网友质疑沈斐"很缺经费吧"，沈斐转发微博表示，确实没经费请水军，但我在自己朋友圈被推 送的广告下面中肯诚恳地留言也不行么。 有网友留言称，当然可以，只要您不尴尬。 沈斐回应称：暗搓搓请水军的人都不尴尬，我为什么要尴尬。我抱着一种愉快的玩的心态，但同时也是 真诚、认真努力的做事情[加油][加油][加油] 此前，因"水军"一事，沈斐和理想副总裁刘杰之间引发一些"摩擦"。 7月24日，理想汽车副总裁刘杰发微博质疑"黑水军"，有评论称"今天试驾了一下理想这个i8和蔚来 L90，i8就和坐船一样摇摇晃晃，完全没有蔚来L90稳当，所谓的智驾路上还差点撞了。其他像空间、座 椅都没有蔚来好。" 刘杰表示，这是黑水军下一个抹黑理想i8的主要方向吗？他表示，i8还没有开始用户的试驾。也跟下了 小订的用户们做个预告，i8的门店试驾将在29号发布会后正式开始，欢迎大家来亲身体验！ 对此，蔚来 ...

金十图示：2025年07月31日（周四）全球汽车制造商市值变化 量十数据 | והו | 小米汽车 | 1812.78 | | 6.94 | | --- | --- | --- | --- | --- | | (BHD) | 比亚迪 | 1346.63 | + -41.08 | 14.67 | | ર | 法拉利 | 907.83 | + -12.05 | 498.79 | | (1) | 宝马汽车 | 596.76 | + -11.87 | 96.58 | | | 梅赛德斯奔驰 | 565.72 | + -20.03 | 58.75 | | 人》 大众汽车 | 542.15 | + -11.12 | 107.01 | | --- | --- | --- | --- | | 通用汽车 | 496.13 | | 52.11 | | 保时捷 | 466.73 | 1 +7.76 | 50.34 | | > 玛鲁蒂铃木 | 452.59 | 1 +5.32 | 143.95 | | 马恒达汽车 | 439.19 | 1 +1.31 | 36.61 | | 本田汽车 1-0 | 434.31 | + -12.83 | ...

| 36 | | 阿里巴巴 | 2799.92 | | | --- | --- | --- | --- | --- | | 4 | | 小米集团-W | 1763.96 | | | 5 | | 拼多多 | 1603.06 | | | | 網易 | 网易 | 825.18 | 11 | | 7 | | 东方财富 | 520.85 | II | | 8 | | 中芯国际 | 516.85 | | | --- | --- | --- | --- | --- | | 9 | | 京东 | 457.68 | | | 10 | | 快手-W | 409.34 | | | II | | 腾讯音乐 | 326.82 | | | 12 | Bal Car | 目度 | 295.44 | | | 13 | | 理想汽车 | 283.13 | | | 14 | | 贝壳 | 221.36 | | | 15 | | 同花顺 | 218.78 | | | 16 | | 小鹏汽车 | 171.87 | | | 17 | | 中通快递 | 159.79 | | | 18 | | 科大讯飞 | 157.13 | | | 19 | | 蔚来 ...

Market Performance - The Hang Seng Index closed at 25,176, down 1.36% for the day and up 25.51% year-to-date [1] - The Hang Seng Tech Index fell 2.72% to 5,490, with a year-to-date increase of 22.89% [1] - The Dow Jones Index decreased by 0.38% to 44,461, with a year-to-date rise of 4.51% [1] - The S&P 500 Index closed at 6,362, down 0.12% for the day and up 8.18% year-to-date [1] Currency and Commodity Overview - The Renminbi Index stood at 95.710, down 0.22% over the past month and down 5.14% over six months [2] - Brent crude oil price increased by 8.15% over the past month to $72.210 per barrel, but decreased by 1.00% over six months [2] - Gold prices rose by 0.88% over the past month to $3,332.69 per ounce, with a significant increase of 19.24% over six months [2] Company-Specific Developments - JD.com announced a voluntary public acquisition offer for CECONOMY AG at €4.60 per share, with full support from CECONOMY's supervisory and management boards [13] - Adidas reported a 58% year-on-year increase in operating profit for Q2, reaching €546 million, surpassing market expectations [15] - Guotai Junan International successfully issued the first public digital native bond by a Chinese brokerage, with a size of up to $300 million [16] Economic Indicators - Eurozone GDP grew by 0.1% quarter-on-quarter in Q2, exceeding expectations, with an annual growth of 1.4% [17] - The U.S. GDP for Q2 showed an annualized growth of 3%, rebounding from a contraction in Q1 and surpassing the expected 2.4% [18]

责任编辑：江钰涵 不过新浪科技注意到，在理想i8的广告评论区，乐道汽车总裁沈斐"贴脸开大"，他表示：欢迎一起试驾 下乐道L90，都是好车。 今日，乐道L90也将迎来上市发布会，两款产品都是纯电大三排SUV，并且均面向家庭用户。此前，在 理想i8发布会当天，乐道汽车销售负责人章正辰就在乐道全国店总群中透露，乐道L90顶配不超32万， 价格一步到位。而理想i8的全国统一零售价格为32.18万元-36.98万元。 新浪科技讯 7月31日上午消息，理想汽车近日发布了家庭六座纯电SUV理想i8，其还邀请了相声演员岳 云鹏拍摄广告。 ...

智通财经APP获悉，百度集团-SWR(89888)、京东健康-R(86618)、友邦保险-R(81299)上一交易日沽空比 率位于前三位，分别为99.23%、92.28%、90.91%。理想汽车-W(02015)、阿里巴巴-SW(09988)、腾讯控 股(00700)的沽空金额位居前三，分别为24.66 亿元、18.28 亿元、17.98 亿元。友邦保险-R(81299)、百度 集团-SWR(89888)、京东健康-R(86618)的偏离值位居前三，分别为38.31%、34.96%、34.77%。 前十大沽空比率排行 | 股票名称 | 沽空金额 | 沽空比率↓ | | 偏离值 | | --- | --- | --- | --- | --- | | 百度集团-SWR(89888) | 201.23 万元 | 99.23% | 34.96% | | | 京东健康-R(86618) | 2.82 万元 | 92.28% | 34.77% | | | 友邦保险-R(81299) | 68.00 万元 | 90.91% | 38.31% | | | 比亚迪股份-R(81211) | 487.15 万元 | 74.06% ...

Group 1 - The Nasdaq China Golden Dragon Index fell by 1.82% on July 31 [1] - Most popular Chinese concept stocks experienced declines, with NIO and New Oriental dropping over 4% [1] - Li Auto decreased by over 3%, while Pinduoduo and Xpeng Motors fell by over 2% [1] - Alibaba and JD.com also saw declines of over 1% [1]