7月1日，中国汽车流通协会发布的最新一期"中国汽车经销商库存预警指数调查"VIA（Vehicle Inventory Alert Index）显示，2025年6月中国汽车经销商库存预警指数为56.6%，同比下降5.7个百分点，环比上升 3.9个百分点。库存预警指数位于荣枯线之上，汽车流通行业景气度有所下降。 多家车企公布6月销量数据 比亚迪7月1日公布产销快报显示，6月新能源汽车销量382585辆，本年累计汽车销量215万辆；吉利汽车 6月汽车销量236036辆，同比增长42%。吉利汽车将全年销售目标上调11%，从271万辆上调至300万 辆。长城汽车6月销量为11.07万台，同比增长12.86%。 新势力方面，鸿蒙智行6月单月全系交付52747辆；零跑汽车6月全系交付48006台，同比增长超138%；6 月理想汽车交付新车36279辆；小鹏6月共交付新车34611台，同比增长224%；蔚来公司6月交付24925辆 汽车，同比增长17.5%。 雷军：小米YU7将开启限时改配，锁单用户可参与 6月中国汽车经销商库存预警指数为56.6%，同比下降5.7个百分点 广汽集团在互动平台表示，华望汽车作为广汽集团与华为战 ...

New Energy Vehicles Delivery Overview - BYD delivered 383,000 vehicles in June, a year-on-year increase of 11.98% [2] - NIO delivered 24,925 vehicles in June, a year-on-year increase of 17.5% [2] - Leap Motor delivered 48,000 vehicles, a year-on-year increase of 138.65% [2] - Li Auto delivered 36,000 vehicles, a year-on-year decrease of 24.06% [2] - Xpeng delivered 35,000 vehicles, a year-on-year increase of 224.44% [2] - Xiaomi delivered over 25,000 units, maintaining over 20,000 units for eight consecutive months [2] - Seres sold 46,086 new energy vehicles in June, a year-on-year increase of 4.44% [2] - Great Wall Motors sold 110,700 units in June, a year-on-year increase of 12.86% [2] - Zeekr sold 16,702 units, a year-on-year decrease of 17% [2] - Lynk & Co sold 26,310 units, a year-on-year increase of 8% [2] - GAC Aion sold 27,848 units in June [2] - Deep Blue delivered 29,893 vehicles in June, a year-on-year increase of 79% [2] - Avita sold 10,153 vehicles in June, a year-on-year increase of 117% [3] - Lantu delivered 10,053 vehicles in June, a year-on-year increase of 83% [3] Xiaomi's New Initiatives - Xiaomi launched youth apartments in Beijing and Nanjing with a monthly rent of 1,999 yuan, prioritizing fresh graduates [3] - Xiaomi's YU7 model received high demand, prompting other car manufacturers to offer compensation for customers who switch to their brands [6] Tesla Management Restructuring - Tesla adjusted its management structure, with Elon Musk taking over sales in Europe and North America, while Zhu Xiaotong oversees global manufacturing [6] NIO's Chip Development - NIO's self-developed 5nm automotive-grade chip, NX9031, has reached its design performance targets, marking a significant milestone in its chip development efforts [6] New Company Establishments - Chongqing Qianli Zhijia Technology Co., Ltd. was established with a registered capital of 10.5 million yuan, focusing on smart vehicle equipment and AI hardware [9] Investment and Financing Activities - Tianyan Pharmaceutical announced a strategic investment of up to $25 million from Sanofi to support the development of its SAFEbody® antibody projects [18] - Figma filed for an IPO in the US, seeking to trade under the ticker "FIG" [18] - Lingchuan Technology completed a multi-hundred million yuan Series A financing round to expand its AI chip development [18]

Market Overview - US stock market showed mixed results with Dow Jones up by 0.91%, while Nasdaq fell by 0.82% and S&P 500 decreased by 0.11% [1] - Notable declines in major tech stocks: Tesla down 5.34%, Nvidia down 2.97%, Meta Platforms down 2.56%, Microsoft down 1.08%, and Google A down 0.22% [1] - Amazon and Apple saw gains, with Amazon up 0.49% and Apple up 1.29% [1] Solar Industry - Solar concept stocks generally rose as the US Senate removed Trump's proposals regarding wind and solar projects from the tax law draft [2] - The Senate also overwhelmingly rejected Trump's AI regulatory ban with a vote of 99 to 1 [2] Economic Indicators - The US ISM Manufacturing Index has contracted for four consecutive months [4] - The JOLTS job openings for May were significantly better than expected [4] Domestic Developments - China's Central Economic Committee emphasized the need to advance the construction of a unified national market and promote high-quality development of the marine economy [6] - The Shanghai government announced a subsidy program for electric bicycles, providing a one-time subsidy of 500 yuan for consumers trading in old bikes for new ones [13] Electric Vehicle Market - BYD reported sales of 382,600 new energy vehicles in June, while Xiaomi delivered 25,000 units and XPeng saw a year-on-year increase of 224% in deliveries [8] Semiconductor and Technology - New and existing companies are making significant advancements in semiconductor technology, with companies like Huawai Design and TaiLing Micro achieving notable stock price increases [19] - Google signed a power purchase agreement with Commonwealth Fusion Systems, marking a significant step in the emerging nuclear fusion energy sector [14] IPO and Market Activity - He Yuan Bio's IPO application was approved on the same day it was submitted, marking a significant event for the STAR Market [8] - Several companies are expected to see significant profit increases in the upcoming half-year, including Xinhe Cheng with a projected net profit of 3.3 to 3.75 billion yuan, representing a 50% to 70% year-on-year growth [17]

华见早安之声 请各位听众升级为见闻最新版APP，以便成功收听以下音频。 市场概述 美国劳动力市场强劲叠加鲍威尔重申观望，美联储降息预期减弱，美债价格走低。投资者撤离科技股，道指涨逾400点，罗素小盘股表现优异，纳指100下 挫。 特马再度反目，特斯拉一度跌超7%。最新版"大漂亮"法案中没有针对风能和太阳能的税收，光伏股全面走高。华尔街大行提高股息、增加回购，盘后银行 股延续当日涨势。 10年期美债收益率上行逾4个基点，2年期上行约6个基点。美元先跌后涨，日内较低点一度涨超0.6%，尾盘有所回落。黄金两连涨，涨超1%。原油震荡。 亚洲时段，A股全天分化，创新药午后爆发，国债上涨，人民币再创去年11月以来新高，商品下跌。 要闻 万斯"一票破局"，美国参议院惊险通过"大漂亮"法案，还有众议院投票关。清洁能源松口气，美参院终版"大漂亮"法案不含进口相关组件新征 税，光伏股走高。 关键时刻，马斯克猛喷"大漂亮法案"，誓言"全力让支持者明年输掉中选"。特朗普炮轰马斯克：没有补贴你早就回南非了；马斯克回应：全部削 减，就现在！是否驱逐马斯克？特朗普："得看一下"。 鲍威尔未排除7月降息可能，称若非关税已降息，关税料将对通胀 ...

Core Insights - The performance of new energy vehicle companies in June shows significant differentiation among them, with BYD maintaining a leading position in sales [1][11] - The overall sales data for the first half of 2025 indicates that only XPeng has exceeded 50% of its annual sales target [2][11] Group 1: BYD Performance - BYD's June sales reached 382,585 units, a year-on-year increase of 11.98%, with a total of 2.146 million units sold in the first half of 2025, up 33.04% year-on-year [4][10] - BYD's pure electric vehicle sales exceeded 1 million units in the first half of 2025, with a growth rate of over 40% [10] - BYD's overseas sales have also reached new highs, with June's overseas sales accounting for 23.54% of total sales [10] Group 2: Other New Energy Vehicle Companies - Leap Motor led the new energy vehicle segment with June deliveries of 48,006 units, a year-on-year increase of 138.65% [12][14] - Li Auto's June deliveries were 36,279 units, down 24.06% year-on-year, indicating a declining trend in monthly deliveries [15] - Xiaomi's June deliveries fell to over 25,000 units, continuing a downward trend [18] Group 3: Market Trends and Future Plans - The competition among new energy vehicle companies is intensifying, particularly in the SUV market, with several companies planning new product launches [25][26] - Upcoming models include the 2026 version of Leap Motor's C11, XPeng's G7 AI smart SUV, and Li Auto's i8 and i6 electric SUVs [26][28] - NIO plans to launch three new models in the second half of 2025, including the third-generation ES8 and the L90 flagship SUV [28]

7月1日，多家车企公布6月新能源汽车交付数据。 比亚迪：6月新能源汽车销量38.26万辆，上年同期34.17万辆；上半年新能源汽车销量约214.6万辆，同 比增长33.04%。 吉利汽车：6月汽车销量236036辆，同比增长42%。吉利汽车将全年销售目标上调11%，从271万辆上调 至300万辆。 上汽集团：6月整车销售36.53万辆，产量34.08万辆；1-6月累计整车销售205.26万辆，同比增长 12.35%。其中，新能源汽车当月销量达到12.07万辆，同比增长29.19%，累计销量为64.63万辆，同比增 长40.19%。 长城汽车：6月销量为11.07万台，同比增长12.86%；产量为10.86万台，同比增长10.86%。6月海外销售 4.01万台，1-6月累计销售19.77万台。新能源车销售方面，6月销售3.64万台，1-6月累计销售16.04万 台。 长安汽车：2025年上半年销量创近8年新高，达135.5万辆。其中新能源销量45万辆，同比增长48.8%。 多家新势力车企也纷纷公布成绩单，详情如下： 理想汽车：6月交付新车36279辆，第二季度共交付111074辆。截至2025年6月30日，理想 ...

1. 小米汽车：6月小米汽车交付量超过25000台。 2. 领克汽车：6月销量26310辆，同比增长8%。 3. 极氪科技：6月销量16702辆，同比下降17%。 4. 岚图汽车：6月销量10053辆，同比增长83%。 5. 阿维塔汽车：6月销量10153辆，同比增长117%。 6. 蔚来汽车：6月交付车辆24925辆，同比增长17.5%。 7. 理想汽车：6月交付36279辆汽车，同比下降24%。 8. 智己汽车：6月共交付新车6027台。 9. 深蓝汽车：6月全系交付新车29893台，同比增长79%，环比增长17%。 10. 鸿蒙智行：6月单月全系交付52747辆，刷新鸿蒙智行单月销量历史新高。 11. 比亚迪股份：6月公司新能源车销量为38.26万辆，去年同期为34.17万辆。 12. 零跑汽车：6月交付达48006台，同比增长超138%，上半年累计交付超22万台。 13. 小鹏汽车：6月共交付新车34611台，同比增长224%，连续8个月交付量超3万台。 金十整理：2025年6月造车新势力"成绩单"一览 ...

小米汽车的交付量出现下滑，本月交付超25000辆，与上月相比下滑了约3000辆左右。但从销量上看， 小米汽车的主要压力并非销售端而在交付端。在刚刚过去的6月，小米汽车的第二款新车YU7开售18小 时锁单量已突破24万辆。小米汽车称，正在全力以赴抓紧生产。 今年上半年，除了零跑，极氪、理想的累计交付规模也超过了20万辆，小鹏汽车接近这一数字。 从上半年销量完成率来看，小鹏汽车不仅半年累计交付量已经超过了去年全年，也成为唯一一家半年度 销售目标完成率过半的新势力品牌。在第一财经记者统计的10家新势力品牌中，理想、深蓝、蔚来、岚 图、阿维塔5个品牌的年度销售目标完成度不足30%。 一半的造车新势力品牌年度销量目标完成率不到30%。 7月1日，造车新势力品牌陆续公布6月销量，半年度的"期中考"成绩也揭晓，小鹏汽车成为唯一一家"期 中考"达标的新势力品牌，目标销量完成率超50%。 从整体来看，6月份的整体销量与5月基本持平，但各家的销售情况明显有分化。鸿蒙智行（含问界、智 界、享界、尊界）、深蓝、零跑、蔚来（含乐道和萤火虫）、小鹏和岚图6月销量环比均有上升，其 中，鸿蒙智行的环比增幅最大，达到18.66%；深蓝排在第二 ...

Group 1: Company Performance - Tesla reported a revenue of 10,231.7 million, with a decrease of 197.1 million, and a stock price of 317.66 [2] - Toyota's revenue was 2,245.01 million, down by 45.35 million, with a stock price of 172.26 [2] - Xiaomi's automotive division generated 1,946.42 million, increasing by 7.56 million, with a stock price of 7.73 [2] - BYD's revenue reached 1,417.85 million, up by 2.26 million, with a stock price of 46.43 [2] - Ferrari reported a revenue of 874.51 million, with a slight decrease of 0.61 million, and a stock price of 490.74 [2] Group 2: Market Trends - Volkswagen's revenue was 528.6 million, down by 10.13 million, with a stock price of 105.61 [3] - General Motors reported 473.12 million in revenue, decreasing by 4.54 million, with a stock price of 49.21 [3] - Ford's revenue increased by 1.97 million to 429.47 million, with a stock price of 10.85 [3] - Honda's revenue was 399.35 million, down by 12.05 million, with a stock price of 128.83 [3] - Hyundai's revenue reached 372.13 million, decreasing by 6.55 million, with a stock price of 53.95 [3] Group 3: Emerging Players - Li Auto reported a revenue of 285.55 million, down by 3.79 million, with a stock price of 27.11 [3] - SAIC Motor Corporation generated 258.53 million, with a slight decrease of 0.96 million, and a stock price of 2.23 [3] - Geely's revenue was 205.03 million, down by 0.27 million, with a stock price of 2.03 [3] - Xpeng Motors reported 171.75 million in revenue, decreasing by 2.4 million, with a stock price of 17.88 [3] - NIO's revenue was 75.59 million, down by 0.66 million, with a stock price of 3.43 [4]

Group 1 - The Chinese electric vehicle market is currently buzzing due to the launch of two new "7 series" electric SUVs: Xiaomi's YU7 and Xpeng's G7, which are set to compete closely in the same price range and release timeline [1][5][42] - Xiaomi's YU7 is positioned as a luxury high-performance SUV with a focus on emotional value, featuring a unique design and user-centric features such as a zero-gravity driver's seat and a panoramic display system [6][13][19] - Xpeng's G7 emphasizes technological advancements, boasting a high computing power of over 2100 TOPS and innovative features like an AR-HUD for enhanced navigation, targeting the family-oriented market [24][28][37] Group 2 - The competition between YU7 and G7 highlights two distinct paths in the electric vehicle market: Xiaomi's focus on design and emotional resonance versus Xpeng's emphasis on core technology and smart driving capabilities [42][55] - The initial success of YU7 demonstrates that strong design and emotional appeal can create new market opportunities, while G7's technological features cater to tech-savvy consumers [42][46] - The pricing strategies of both vehicles could reshape the market, with YU7's "high configuration at low price" approach potentially forcing competitors to adjust their pricing models [50][55]