消息面上，长城汽车公布，7月车销量10.4万辆，同比增长14.3%；1-7月，累计销量67.4万辆，同比增长 3.6%。公司出口销量稳健增长，7月，公司海外批发销量为4.1万辆，同比增长4.9%，环比增长2.5%；1- 7月海外销量为23.9万辆，同比下降17.5%。 智通财经APP获悉，长城汽车(02333)再涨近6%，截至发稿，涨4.11%，报14.68港元，成交额4.09亿港 元。 国证国际认为，8月长城的巴西工厂即将投产，初期产能5万辆，夯实本地化供应基础，加速拉美市场渗 透，有助于海外销量提升。开源证券也指出，巴西工厂计划于8月SOP，进一步辐射拉美。该行认为， 长城汽车伴随巴西本地化推进，出海销量有望稳步提升。 ...

舒适革命：从空间重构到健康关怀的全面突破 魏牌高山8的舒适性设计，展现出对家庭用户需求的深刻洞察。座椅采用20mm慢回弹记忆棉，零重力 悬浮模式开启后，躯干与腿部夹角精确控制在127°，配合10点式按摩和通风（含靠背）／加热，缓解舟 车劳顿的不适感。在空间上，身高1.85m的乘客在坐入第二排后，第三排容纳一名1.73m的乘客仍能获 得约两拳的腿部空间，这得益于1845mm超长共轨设计——通过滑动二、三排座椅，实现对空间的灵活 利用，同时行李箱容积也可从233L扩展至1725L。 全时座舱健康系统将舒适性提升到新维度。紫外线杀菌功能可消除99％的细菌，配合CN95级空调滤 芯，即便在雾霾天也能保持车内空气质量优于室外30倍。夏季暴晒后，远程启动"清凉模式"，空调、座 椅通风同步工作，5分钟内即可将车内温度降至合适温度。 在新能源MPV市场激战正酣的当下，魏牌高山8以"智能豪华家庭头等舱"的定位入局，凭借智能化 与舒适性的双重突破，成为中大型MPV领域的现象级产品。在《中国汽车报》第十八届年度消费车型 试驾活动中，记者通过多场景深度体验，感受到这款车究竟是如何以技术创新重新定义高端出行标准 的。 智能生态：从交互 ...

Core Viewpoint - The launch of the all-new Tank 500 marks a significant advancement in the luxury off-road SUV segment, emphasizing intelligent features and luxury design inspired by traditional Chinese architecture [5][20]. Pricing and Promotions - The all-new Tank 500 is available for pre-sale with two versions: the Hi4-T at a price of 360,000 yuan and the Hi4-Z at 388,800 yuan [1]. - During the pre-sale period, customers can enjoy up to 43,000 yuan in promotional gifts, including discounts on deposits and various value-added services [3][4]. Product Features - The Tank 500 is equipped with advanced features such as a 17.3-inch rear entertainment screen, a dual-use refrigerator, and a comprehensive intelligent driving assistance system [1][6]. - The vehicle incorporates the Coffee Pilot Ultra+Coffee OS 3, enabling full-link intelligent driving from parking to driving, addressing common pain points in traditional smart driving systems [8][20]. Market Positioning - The Tank brand has successfully transformed the perception of off-road vehicles in China, making them more accessible and appealing to a broader audience [11][13]. - The brand has captured a significant share of the Chinese off-road market, with over 700,000 users benefiting from high-quality and high-performance vehicles [13][20]. Technological Innovation - The company has invested over 20 billion yuan in developing the Tank platform, offering a range of models from compact to large SUVs, and various powertrains including gasoline, diesel, and new energy options [14][16]. - The Tank 500 features a unique 3.0T V6 engine and advanced transmission systems, breaking through foreign technology barriers in the high-end power sector [16]. Community and Culture - The Tank brand fosters a strong community among off-road enthusiasts through events and user engagement initiatives, promoting a culture of customization and adventure [17][18]. - The brand's global presence has expanded, with vehicles being used in various countries for both governmental and personal purposes, showcasing the brand's versatility and appeal [20].

Group 1 - The core point of the news is that Great Wall Motors Co., Ltd. has applied for a patent related to vehicle signal processing methods, which aims to improve the efficiency of determining the engine's start-stop source based on specific requests [1] - The patent application, titled "Vehicle Signal Processing Method, Electronic Device and Vehicle," was published with the number CN120466087A and was filed on May 2025 [1] - The method involves processing data from engine start-stop requests, enhancing the ability to quickly identify engine status and potential issues [1] Group 2 - Great Wall Motors Co., Ltd. was established in 2001 and is primarily engaged in the automotive manufacturing industry, located in Baoding City [2] - The company has a registered capital of approximately 8.49 billion RMB [2] - Great Wall Motors has invested in 75 enterprises and participated in 2,556 bidding projects, with a significant portfolio of 5,000 trademark and patent records, as well as 639 administrative licenses [2]

8月11日，沪深两融数据显示，长城汽车获融资买入额0.25亿元，居两市第801位，当日融资偿还额0.26 亿元，净卖出153.79万元。 融券方面，当日融券卖出4.27万股，净卖出4.27万股。 最近三个交易日，7日-11日，长城汽车分别获融资买入0.16亿元、0.17亿元、0.25亿元。 ...

Group 1 - The article discusses how Australia is becoming a significant market for Chinese automobiles, contrasting with the U.S. which remains closed to them [1][2] - Australia is expected to see Chinese cars account for approximately 40% of all car sales by 2035, surpassing established Japanese and Korean brands [1] - Various Chinese brands, including BYD, Geely, Great Wall, and Chery, are gaining traction in the Australian market, with BYD becoming the largest Chinese car manufacturer in Australia [2] Group 2 - Factors contributing to the rise of Chinese car brands in Australia include the absence of import tariffs, competitive pricing, appealing designs, higher safety standards, and increasing local manufacturing capabilities [2] - Most Chinese cars sold in Australia are electric vehicles, with some brands also offering hybrid options for buyers not ready to transition to fully electric cars [2] - Historical context is provided, noting that major automakers like GM, Ford, Toyota, and Mitsubishi previously manufactured cars in Australia but ceased operations due to market size and production costs [2]

Group 1: New Vehicle Pre-sales - The all-new Tank 500 has commenced pre-sales with a price range of 360,000 to 388,800 yuan, featuring two models: Hi4-Z and Hi4-T [1][3] - Dongfeng Fengshen L8 has also started pre-sales, priced between 129,900 to 149,900 yuan, offering four models [2][16] - Lynk & Co 10EM-P has opened pre-sales with a price range of 192,000 to 222,000 yuan, featuring three models [2][16] Group 2: Vehicle Specifications and Features - The Tank 500's dimensions are 5078 × 1934 × 1905 mm with a wheelbase of 2850 mm, inspired by Chinese classical architecture and available in a new color, Dunhuang Green [5] - The Tank 500 is equipped with Coffee OS 3 smart cockpit system, featuring multiple screens including a 15.6-inch central display and a 17.3-inch rear entertainment screen [7] - The Dongfeng Fengshen L8 measures 4762 × 1910 × 1677 mm with a wheelbase of 2825 mm, offering various color options and a unique 4.5L cold and warm box in the rear [13][15] - The Lynk & Co 10EM-P has dimensions of 5050 × 1966 × 1487 mm and a wheelbase of 3005 mm, featuring high-end materials and advanced technology [18][21] Group 3: Advanced Technology and Performance - The Tank 500 features the third-generation intelligent driving system Coffee Pilot Ultra, with 27 sensors and 20 active safety functions, enhancing its off-road capabilities [9] - The Dongfeng Fengshen L8 includes a 1.5T hybrid engine paired with a 30.3 kWh battery, achieving a rapid charge from 20% to 80% in 18 minutes [15] - The Lynk & Co 10EM-P is equipped with the NVIDIA Thor chip and advanced driving assistance features, boasting a maximum power of 390 kW and high thermal efficiency [19][21] Group 4: Tesla's Strategic Shift - Elon Musk confirmed the dissolution of the Dojo supercomputer team, stating that Tesla will focus on AI5 and AI6 chips, indicating a strategic shift in resource allocation [4][22] - The decision to discontinue the Dojo project reflects Tesla's need to streamline its AI chip development efforts, which could impact its future market positioning [24]

据乘联分会最新销量数据统计，2025年7月份国内狭义乘用车市场零售销量达183.7万辆，同比增长 6.9%，环比下降11.9%；1-7月份累计销量1274.0万辆，同比增长10.2%。 具体看，7月乘用车厂商零售、出口、批发和生产均创当月历史新高。随着反内卷的深入，今年车市价 格战稍显平和。"两新政策"叠加厂补加码等措施让7月新能源车国内零售渗透率升到53.7%，新能源车呈 现出了由报废更新、以旧换新叠加新能源免征购置税等普惠政策托底背景下的新能源平稳强势增长。今 年总体车市预计朝着"前低中高后平"的走势发展。 | NO. | 自 厂商 | 2025.7 | 环比 | 目比 | 份额 | | --- | --- | --- | --- | --- | --- | | 1 | 比亚迪汽车 | 341,030 | -9.7% | 0.1% | 15.2% | | 2 | 吉利汽车 | 237,735 | 0.7% | 57.7% | 10.6% | | 3 | 奇瑞汽车 | 215,278 | -4.2% | 13.8% | 9.6% | | ব | 长安汽车 | 136,484 | -1.5% | 41.6% ...

Core Viewpoint - The domestic narrow passenger car market in China showed a retail sales volume of 1.837 million units in July 2025, representing a year-on-year increase of 6.9% but a month-on-month decrease of 11.9%. Cumulative sales from January to July reached 12.74 million units, up 10.2% year-on-year [2][4]. Sales Performance - July 2025 saw record highs in retail, export, wholesale, and production for passenger car manufacturers. The price war in the car market has calmed down, and the penetration rate of new energy vehicles (NEVs) reached 53.7% due to supportive policies [4]. - The overall car market is expected to follow a "low in the front, high in the middle, and flat in the back" trend for the year [4]. Wholesale Sales Rankings (July 2025) - BYD Auto led with wholesale sales of 341,030 units, a decrease of 9.7% month-on-month but a slight increase of 0.1% year-on-year, capturing 15.2% market share [5]. - Geely Auto and Chery Auto followed with 237,735 units (up 57.7% year-on-year) and 215,278 units (up 13.8% year-on-year), respectively [5]. Retail Sales Rankings (July 2025) - BYD Auto also topped the retail sales with 274,644 units, down 22.0% month-on-month and down 11.9% year-on-year, holding a 14.9% market share [7]. - Geely Auto achieved 202,447 units, reflecting a year-on-year increase of 71.0% [7]. New Energy Vehicle Sales Rankings (July 2025) - In the NEV wholesale segment, BYD Auto again led with 341,030 units, while Geely Auto saw a significant year-on-year increase of 120.4% with 130,142 units [11]. - Tesla China reported 67,886 units, down 8.4% year-on-year [11]. Cumulative Sales Rankings (January to July 2025) - BYD Auto maintained its lead with 2.454 million units sold, a year-on-year increase of 26.0% and a market share of 15.8% [6]. - Geely Auto and Chery Auto followed with 1.647 million units (up 48.8% year-on-year) and 1.429 million units (up 14.6% year-on-year), respectively [6].

智通财经APP获悉，中信建投发布研报称，8月第三批"以旧换新"国补各地已陆续恢复申领，周度数据 逐步改善，当前新能源车免征购置税3万元，26-27年将调整为减半征收(即从减免最高3万元下调为1.5万 元)，汽车反内卷叠加新能源需求前置催化行业beta亟待上行，利好强势新车周期主机厂以及30万元+高 端品牌;L2智驾国标或落地在即，板块密集催化下产业趋势进一步强化;商用车内需修复和非俄海外出口 景气度上行带来龙头公司上半年业绩连续超预期，稳健低估值属性仍为防御型资金青睐。 中信建投主要观点如下： 乘用车板块 汽车行业反内卷利好强产品周期可以充分定价新车的头部主机厂，江淮尊界S800上市76天后订单破 万，自主高端品牌仍是蓝海市场，2026年将是30万元以上赛道加速自主渗透率提升的一年，新车产品力 及品牌成为胜负手。在流动性充沛的情况下，关注汽车中的稀缺消费品(好格局)+边际改善的整车标的 (好alpha)。 智驾板块 L4智驾行业今年迎来行业成本和技术的拐点，当前技术迭代、行业格局、新商业模式等仍在演变，L2 强标征求意见稿即将发布意味着国家信用背书，智能化成为可定量的品牌力，重点关注智能化检测环节 和L3-L ...