Core Viewpoint - The article emphasizes the positive outlook for the automotive industry in 2025, driven by policy support and strong performance from new energy vehicle manufacturers, with a focus on key players like Geely, BYD, Li Auto, and Xiaomi [4][58]. Weekly Data - In the week of June 16-22, 2025, passenger car sales reached 558,000 units, up 28.0% year-on-year and 21.5% month-on-month. New energy vehicle sales were 286,000 units, up 34.4% year-on-year and 13.6% month-on-month, with a penetration rate of 51.2%, down 3.6 percentage points from the previous month [2]. Market Performance - The automotive sector outperformed the market in the week of June 23-27, 2025, with a 2.62% increase in A-share automotive stocks, ranking 19th among Shenwan sub-industries, surpassing the Shanghai and Shenzhen 300 index's 1.96% increase [3]. Investment Recommendations - The article suggests focusing on key companies such as Geely, BYD, Li Auto, Xiaomi, and others in the automotive sector for investment opportunities [4][8]. Q2 2025 Outlook - For Q2 2025, total passenger car wholesale sales are expected to reach 6.65 million units, up 5.7% year-on-year and 4.6% month-on-month, driven by policy support and strong demand. New energy vehicle wholesale sales are projected at 3.6 million units, up 32.8% year-on-year and 25.4% month-on-month [5][10]. - The article notes that the price competition in Q2 2025 is expected to be intense, with rising discounts putting pressure on profitability [22]. Heavy Trucks - The heavy truck market is expected to continue its recovery in Q2 2025, with wholesale sales reaching 176,000 units, up 10.0% year-on-year. The article highlights the positive impact of local replacement subsidy policies [6][59]. Motorcycles - The forecast for Q2 2025 indicates that wholesale sales of medium and large displacement motorcycles (over 250cc) will reach 304,000 units, up 26.7% year-on-year and 48.3% month-on-month, with domestic sales of 160,000 units and export sales of 144,000 units [54][59]. New Energy Vehicles - The article highlights the strong performance of new energy vehicles, with expectations for significant growth in sales and market penetration, driven by competitive pricing and policy support [14][42].

难以认为这种减持属于内幕交易。 6月27日，理想汽车（02015.HK）公布了远远不如此前指引的第二季度交付量展望，周五晚间美股跌近 2%。而美团-W（03690.HK）首席执行官兼理想汽车非执行董事王兴，则在两周前减持了理想汽车股 票，这种"先知先觉"的减持增大了市场疑虑，会不会涉及内幕交易？ 过去两年多时间内，王兴每次减持理想汽车都在公布财报后不久，如果因为这次理想汽车释放利空，就 认定王兴的做法属于内幕交易，那的确过于严苛，并不妥当；不过王兴的减持很可能是长期的操作，竞 争对手大量融资后步步紧逼，会继续蚕食理想汽车市场份额，"价格战"也导致了理想汽车单车平均净利 润大幅下滑。 此前减持都在财报公布后 王兴这种"先知先觉"的减持动作，到底有没有内幕交易嫌疑？过去两年以来，理想汽车公布业绩后的一 段时间内，王兴都会趁着这个信息空窗期减持理想汽车，的确谈不上是因为提前知道交付量数据而作出 减持的动作，如果以此"个人行为"就认定王兴的操作属于内幕交易，那的确并不妥当。 竞争对手步步紧逼 王兴上一次减持，发生在今年3月19日到3月21日。当时，理想汽车已经披露2024年业绩。公开信息显 示，2023年一季度开始， ...

关注 「电动车公社」 和我们一起重新思考汽车 《今日新闻》将会每天给大家带来几条当日重磅新闻，并附上社长的简单评论。关注「电动车公社」，新能源圈大事小事 看我们就够啦～ 今日新闻要点： 1 、 智能化方面，新车搭载Coffee OS 3车机系统，支持动态可见即可说、连续对话、方言识别、手机视频一键投屏等功能，并 配备了L2级别辅助驾驶。 新款欧拉好猫/好猫GT木兰版上市 限时焕新价7.98-10.28万元 6月27日，新款欧拉好猫/好猫GT木兰版上市，限时焕新价7.98-10.28万元。 车身尺寸方面，新车长宽高分别为4242×1825×1632mm，轴距为2650mm，与现款车型基本保持一致。 外观方面，新车提供点翠蓝、璀璨绿、粉珊瑚、大溪地灰、碧青玉、东珠白等配色，车尾部分的欧拉尾标换成了长城汽车GWM的英文标识。 新款欧拉好猫/好猫GT木兰版上市，限时焕新价7.98-10.28万元； 理想汽车整合成立智能汽车群组； 特斯拉Model Y在美实现全自动驾驶交付 ； 内饰方面，新车采用更加简洁的内饰风格，仪表屏升级为10.25英寸并换装14.6英寸悬浮式大屏，配色提供檀韵棕、青罗碧、石青翠等。 动力续航方面 ...

Core Viewpoint - The company has launched its first high-speed supercharging stations in Hunan, featuring all 5C charging piles, which are designed to prioritize charging for its own electric vehicles while also accommodating other brands [1][3]. Group 1: Charging Station Operations - The newly opened stations in Hunan consist of eight locations, each equipped with four 5C charging piles, and are open to all new energy vehicles [1][5]. - The charging capacity of each station varies, with most ranging from 480-600 kW, limiting the simultaneous use of multiple 5C piles [2]. - The company plans to focus on high-speed stations with all 5C piles, while city stations may have more operational flexibility [3]. Group 2: Strategic Expansion - The company aims to secure charging resources in densely populated areas and high-traffic highways, with a willingness to invest in regions with limited charging infrastructure [4]. - The company has already made progress in provinces with no existing high-speed charging stations and is actively pursuing opportunities for expansion [4]. Group 3: Product Value Proposition - The supercharging system is positioned as the optimal solution for the Chinese market ahead of the large-scale commercialization of solid-state batteries, integrating 5C batteries, supercharging stations, and next-generation electric vehicle designs [5]. - The company emphasizes a balanced approach to cost, real-world range, charging speed, capacity limitations, and overall user value, aiming for positive user experiences to drive sales [5].

上市进行时 北京石头世纪科技股份有限公司 36氪获悉，据港交所文件，北京石头世纪科技股份有限公司向港交所递交上市申请书，联席保荐人为摩 根大通和中信证券。 豪威集成电路（集团）股份有限公司 36氪获悉，据港交所文件，豪威集成电路（集团）股份有限公司向港交所提交上市申请书。 深圳大普微电子股份有限公司 6月27日，深圳大普微电子股份有限公司（简称"大普微"）首发上市申请获深交所受理，成为创业板首 家获受理的未盈利企业。（证券时报） TOP 3大新闻 蔡澜离世，享年83岁 6月27日，杭州有家长反映，其6岁的女儿被西贝男服务员偷拍照片并当做短视频平台背景图。对此，西 贝餐饮官微27日发声明表示，经核查，涉事员工为已离职员工贺某，经沟通贺某已经删除相关照片。 西贝表示，在全国所有门店，西贝严禁未经授权发布顾客照片，更禁止员工私下拍摄顾客照片、留存顾 客信息。西贝将组织全国门店全体员工开展顾客隐私保护专项培训，明确违规行为的处理标准与法律后 果。（中新经纬） 雷军：不会公布小米YU7 24小时销量 6月27日晚间，小米创办人、董事长兼CEO雷军在微博发文称，小米YU7昨晚10点开售后，订单远超了 我们最乐观的预期。" ...

每经编辑｜陈鹏程 王晓波 1 李强主持召开国务院常务会议 国务院总理李强6月27日主持召开国务院常务会议，听取关于贯彻落实全国科技大会精神加快建设科技强国情况的汇报，部署健全"高效办成一件事"重点事 项常态化推进机制，审议通过《农村公路条例（草案）》。（新华社） 2 隔夜市场 美股三大指数集体收涨，道指涨1%，本周累涨3.82%；标普500指数涨0.52%，本周累涨3.44%；纳指涨0.52%，本周累涨4.25%，其中，标普500指数、纳 指均创历史新高；大型科技股多数上涨，谷歌、亚马逊涨超2%，英伟达、Meta涨超1%，苹果、英特尔小幅上涨；特斯拉、微软小幅下跌；耐克涨超15%， 创四年来最大单日涨幅。中概股涨跌不一，纳斯达克中国金龙指数涨0.22%，本周累涨3.49%；小马智行跌超6%，理想汽车、富途控股跌超1%，百度、京东 小幅下跌；传奇生物、瑞幸咖啡涨超3%，哔哩哔哩、腾讯音乐、唯品会涨逾2%，蔚来、联电涨超1%，霸王茶姬、阿里巴巴小幅上涨。 国际金价走低，现货黄金跌1.63%，报3273.34美元/盎司；COMEX黄金期货跌1.85%，报3286.10美元/盎司；COMEX白银期货跌2.06%，报3 ...

Group 1 - Beijing Stone Century Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with joint sponsors being JPMorgan and CITIC Securities [2] - OmniVision Technologies, Inc. has also submitted a listing application to the Hong Kong Stock Exchange [3] - Shenzhen Dapu Microelectronics Co., Ltd. has become the first unprofitable company to have its IPO application accepted by the Shenzhen Stock Exchange [4] Group 2 - Xiaomi's founder Lei Jun stated that the orders for the Xiaomi YU7 exceeded their most optimistic expectations, but they will not disclose the 24-hour sales figures [6] - Xiaomi responded to rumors regarding a former director, clarifying that the individual was a kitchen worker and had never held a director position [6] - Dongfeng Nissan's executive apologized for inappropriate comments regarding Xiaomi YU7, stating he has reflected deeply and deleted the related content [6] Group 3 - Romoss and Anker have initiated recalls of certain batches of power banks, with Romoss recalling nearly 500,000 units and Anker recalling approximately 710,000 units [7] - Crocs faces a class-action lawsuit in the U.S. over its shoes' risk of shrinking and deforming under high temperatures, with claims that the company did not adequately disclose this defect [7] Group 4 - Intel's former CEO Pat Gelsinger discussed the difficulty of his resignation, indicating it was a decision made by a "third party" [8][9] - Ideal Automotive has restructured its sales system, with President Ma Donghui now fully responsible for R&D, supply chain, and sales [13] Group 5 - The new Anti-Unfair Competition Law will take effect on October 15, 2025, aiming to enhance market competition order and address new issues arising from rapid economic development [12] - Alibaba Group reported a revenue of 996.347 billion yuan and a net profit of 125.976 billion yuan for the fiscal year 2025, marking a 77% year-on-year increase [17]

美股三大股指集体高开 耐克涨近12% 智通财经6月27日电，美股三大股指集体高开，道指涨0.27%，标普500指数涨0.16%，纳指涨0.24%。耐 克涨近12%，其季度营收盈利均超预期。理想汽车跌2.8%，公司下调第二季度交付指引。 ...

Macro Dynamics - China has maintained normal trade relations with Iraq and aims for sustained peace in the Middle East, as stated by the Foreign Ministry [2] - The Ministry of Finance reported a 2.8% year-on-year decline in profits for state-owned enterprises from January to May 2025, with total profits amounting to 1651.45 billion yuan [3][4] - The asset-liability ratio of state-owned enterprises increased by 0.2 percentage points to 65.1% by the end of May 2025 [4] Financial Institutions - CITIC Trust has won the bid for bankruptcy restructuring service trusts for Jinke Property and Chongqing Jinke, with an expected scale exceeding 150 billion yuan, marking a significant case in the domestic real estate sector [7] Market Data - On June 27, the Shanghai Composite Index fell by 0.7%, while the Shenzhen Component Index rose by 0.34% and the ChiNext Index increased by 0.47%. The total trading volume was approximately 1541.12 billion yuan [9] - The Hang Seng Index decreased by 0.17%, and the Hang Seng Tech Index fell by 0.07% on the same day [10] Company Dynamics - Xiaomi responded to rumors regarding a former director, clarifying that the individual had only worked briefly in the company’s cafeteria and never held a director position [11] - Innovent Biologics' injection for long-term weight control has been approved by the National Medical Products Administration, targeting adults with a BMI of 28 or higher [12][13] - Li Auto has revised its delivery forecast for the second quarter of 2025 to approximately 108,000 vehicles, down from a previous estimate of 123,000 to 128,000 vehicles [14] - Lakala is in communication with the Hong Kong Monetary Authority regarding the potential application for a stablecoin license [15] - JD Logistics reported a significant increase in sales of two-wheeled electric vehicles during the "618" shopping festival, with sales rising over 300% [16]

【导读】港股收跌，有色板块逆市上涨 见习记者 储是 6月27日，截至收盘，恒生指数下跌0.17%，收于24284.15点；恒生科技指数下跌0.07%，收于5341.43点；恒生国企指数下跌0.47%，收于8762.47点。 盘面上，汽车、医药、银行等个股走弱，有色股走强。 小米集团走高 汽车股、银行股走低 截至6月27日收盘，小米集团-W上涨3.6%。汽车股普遍走低，小鹏汽车-W、蔚来-SW、比亚迪股份分别下跌3.17%、1.84%、1.19%。 | 比亚迪股份 | | -1.19% | 11203.25亿 | | --- | --- | --- | --- | | 理想汽车-W 「 | | -1.78% | 2367.82亿 | | 吉利汽车 | | 0.00% | 1611.44亿 | | 福耀玻璃 | www | -0.70% | 1602.58亿 | | 小鹏汽车-V | | -3.17% | 1368.66亿 | | 长城汽车 | | 0.66% | 1051.04亿 | | 零跑汽车 | | -0.53% | 746.70亿 | | 广汽集团 | | 0.35% | 686.30亿 | | 蔚来- ...