Core Insights - The Chinese electric vehicle (EV) market is experiencing robust growth in July 2025, with major automakers reporting impressive sales figures. Group 1: BYD - BYD leads the market with sales of 344,296 units in July, a slight increase of 0.56% year-on-year, and a cumulative total of 2,490,250 units from January to July, reflecting a growth of 27.35% [2] Group 2: Geely - Geely's total sales reached 237,717 units in July, marking a significant year-on-year increase of 58%. The Galaxy series was a key driver, with sales soaring by 237% [3] Group 3: Great Wall Motors - Great Wall Motors sold 104,372 units in July, up 14.34% year-on-year, with cumulative sales of 674,161 units from January to July, a growth of 3.57% [4] Group 4: Leap Motor - Leap Motor achieved a record high of 50,129 units in July, representing a year-on-year growth of over 126% [5] Group 5: Xpeng Motors - Xpeng Motors delivered 36,717 vehicles in July, a remarkable increase of 229% year-on-year, with a cumulative total of 233,906 units from January to July, reflecting a growth of 270% [6] Group 6: Li Auto - Li Auto delivered 30,731 vehicles in July, with a cumulative total of 1,368,541 units delivered as of July 31, 2025 [7] Group 7: NIO - NIO reported July deliveries of 21,017 vehicles, with a cumulative total of 806,731 units delivered, and a year-on-year growth of 25.2% for the year [10] Group 8: Other Automakers - Several other automakers also reported significant growth in July, including: - Deep Blue Auto with 27,169 units, a 62% increase [9] - Lantu Auto with 12,135 units, a 102% increase [11] - Qianli Technology with 10,222 units, a 142.34% increase [12] - Avita with 10,062 units, a 178% increase [13] - Xiaomi Auto with over 30,000 units [8] - Zhi Mi Auto with 7,021 units [14] - Jishi Auto with 1,316 units [15]

Group 1 - The Ministry of Finance and the State Taxation Administration announced the resumption of VAT on interest income from newly issued government bonds, local government bonds, and financial bonds starting from August 8 [1] - The Hong Kong High Court ruled that Zong Fuli cannot withdraw or transfer any assets from the bank account of Jianhao Venture Capital Limited until the litigation results are finalized [1] - The U.S. non-farm payrolls increased by only 73,000 in July, the lowest in nine months, significantly below the expected 110,000, indicating a rapid slowdown in the labor market [1] Group 2 - The central bank emphasized the implementation of a moderately loose monetary policy and enhancing the effectiveness of monetary policy measures [2] - The National Development and Reform Commission plans to accelerate the establishment of new policy financial tools to support private enterprises in major national projects [2] - The Supreme Court issued judicial interpretations on labor disputes, clarifying that agreements not to participate in social insurance are invalid [2] Group 3 - The Ministry of Finance reported six typical cases of local government hidden debt, with Xiamen, Chengdu, and Wuhan East Lake New Technology Development Zone adding hidden debts of 68.396 billion, 61.408 billion, and 10.385 billion respectively [3] Group 4 - The A-share market experienced a decline, with the Shanghai Composite Index falling by 0.37% to 3559.95 points, and the total trading volume for the day was 1.62 trillion [4] - The Hong Kong Hang Seng Index closed down 1.07% at 24507.81 points, marking four consecutive days of decline [5] Group 5 - The Hong Kong Stock Exchange published a consultation summary on optimizing IPO pricing and public market regulations, allowing a reduction in the minimum allocation ratio for IPO book-building from 50% to 40% [5] - The Shanghai Stock Exchange clarified that pre-application consultation is not a mandatory procedure for project acceptance [5] Group 6 - In the electric vehicle sector, July delivery figures showed significant growth for several companies, with Leap Motor surpassing 50,000 deliveries for the first time [9] - The Ministry of Industry and Information Technology issued a digital transformation implementation plan for the machinery industry, aiming for 50% of enterprises to reach a maturity level of two or above by 2027 [10] Group 7 - The State Administration of Foreign Exchange outlined key tasks for foreign exchange management, emphasizing the need for macro-prudential management of cross-border capital flows [21] - The onshore RMB closed at 7.2106 against the USD, down 176 basis points from the previous trading day [21]

Group 1 - The core viewpoint of the article highlights the performance of various new energy vehicle companies in July, with a focus on delivery volumes and year-on-year growth rates [2][3][4][6] - BYD's new energy vehicle sales reached 344,300 units in July, with a cumulative sales of 2,490,300 units for the year, reflecting a year-on-year growth of 27.35% [3] - Leap Motor achieved a significant milestone with over 50,000 vehicle deliveries in July, marking a year-on-year growth of over 126% [3][4] - Zeekr Technology reported sales of 44,193 units in July, showing a year-on-year increase of 19.7% [3] - Xiaomi's automotive deliveries exceeded 30,000 units in July, marking the first delivery month for its SUV model [4] - NIO's vehicle deliveries were 21,000 units in July, indicating a decline compared to previous months [4][6] - The total retail market for narrow passenger vehicles in July was estimated at around 1.85 million units, with new energy vehicle retail expected to reach 1.01 million units, achieving a penetration rate of approximately 54.6% [4] Group 2 - Xiaopeng Motors delivered 36,700 vehicles in July, achieving a year-on-year growth of 229% and setting a new monthly delivery record [6] - Li Auto's deliveries were 30,700 units in July, reflecting a month-on-month decline of 15% [6] - The article emphasizes the competitive landscape among new energy vehicle manufacturers, with Leap Motor, Xiaopeng, and Li Auto being key players in the market [2][3][6]

Group 1 - In July, BYD's passenger car sales reached 341,030 units, with significant contributions from the Dynasty and Ocean series [1][2] - BYD's overall sales saw a decline, potentially due to reduced discounts, but the Fangchengbao model emerged as a new growth point with sales of 14,180 units [4] - BYD's overseas sales increased by 159.5% year-on-year, indicating progress in expanding its international market presence [4] Group 2 - Geely's new energy vehicle sales in July totaled 130,124 units, with the Galaxy brand contributing 95,043 units [5][8] - Geely's organizational restructuring has shown positive results, particularly with the Galaxy brand supporting its new energy vehicle segment [8] - If Geely's international expansion continues successfully, it is likely to achieve its annual target of 3 million units [8] Group 3 - Changan's new energy vehicle sales exceeded 79,000 units in July, with the Changan Qiyuan model delivering 28,568 units [9][10] - Changan has recently become the 100th central enterprise in China, which may enhance resource allocation for its brands [16] Group 4 - Chery's total sales in July reached 224,439 units, with new energy vehicle sales at 65,357 units [18] - Chery has seen a rise in its global ranking and has become the first Chinese brand to export over 5 million vehicles [18] Group 5 - SAIC-GM-Wuling's new energy vehicle sales in July were 73,901 units, contributing to a total of 123,341 units sold [20] - Wuling is focusing on expanding its export business, with a new MPV model launched in Indonesia [20] Group 6 - Leap Motor achieved a record monthly delivery of 50,129 units in July, marking a strong growth trend [23] - The launch of the B01 model at a competitive price point is expected to enhance Leap Motor's market presence [23] Group 7 - Hongmeng Zhixing delivered 47,752 units in July, maintaining a strong performance with the AITO M8 model being a key contributor [25] - Upcoming models are expected to further expand Hongmeng's market share [25] Group 8 - Xiaopeng Motors delivered 36,717 units in July, continuing a streak of over 30,000 units for nine consecutive months [30] - The launch of the G7 model is seen as a direct competition to Xiaomi's YU7 [30] Group 9 - Great Wall Motors' new energy vehicle sales reached 34,593 units in July, with the Wey brand contributing 10,045 units [32] - Great Wall is focusing on quality and has received positive feedback for its recent initiatives [37] Group 10 - Li Auto delivered 30,731 units in July, with the launch of the i8 model expected to provide new growth opportunities [39] - The company is transitioning to a dual strategy of range-extended and pure electric vehicles [39] Group 11 - Xiaomi's automotive division delivered over 30,000 units in July, with the YU7 model experiencing high demand [41] - Production capacity is expected to improve with the expansion of manufacturing facilities [41] Group 12 - Dongfeng Yipai Technology sold 27,923 units in July, with strong performance from its sub-brands [44] Group 13 - GAC Aion's sales reached 26,557 units in July, with significant investments in charging infrastructure [46] Group 14 - NIO delivered 21,017 units in July, with the launch of the L90 model generating considerable interest [49] Group 15 - BAIC New Energy delivered 12,189 units in July, with the Arcfox brand contributing 9,436 units [51] Group 16 - Lantu delivered 12,135 units in July, with the launch of the upgraded Lantu FREE+ model receiving positive market feedback [58]

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].

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: 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]

Group 1 - The delivery data for NIO includes vehicles from NIO, Ladao, and Firefly brands, with NIO brand delivering 12,675 units, Ladao brand delivering 5,976 units, and Firefly brand delivering 2,366 units [2] - Zeekr Technology's delivery data includes vehicles from Zeekr and Lynk brands, with Zeekr brand delivering 16,977 units and Lynk brand delivering 27,216 units [2]

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]