证券代码：600104 证券简称：上汽集团 公告编号：临2025－035 注2：上汽大通汽车有限公司产销数据包含跃进品牌。 上海汽车集团股份有限公司2025年7月份产销快报 注3：其他主要含上海申沃客车有限公司、上汽红岩汽车有限公司、南京依维柯汽车有限公司等。 上海汽车集团股份有限公司 董事会 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 2025年8月4日 上海汽车集团股份有限公司2025年7月份产销快报数据如下： ■ 注1：上表数据仅为公司产销快报数据，未经审计确认，具体数据以公司定期报告为准。 ...

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内 容的真实性、准确性和完整性承担法律责任。 上海汽车集团股份有限公司2025年7月份产销快报数据如下： | | | | | | 产 | 量 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | （辆） | | | | | | | | 销 | | 量（辆） | | | 单 位 | | | 去年 | | 月度 | | 本年 | | 去年 | | 累 | | 计 | | 去年 | | 月度 | | 本年 | | 去年 | | 累计 | | | 本月数 | | | 同期 | 同比 | | | 累计 | | 累计 | 同 | 本月数 | | 比 | | 同期 | | 同比 | | 累计 | | 累计 | | 同比 | | | 上汽大众 | | | | | | | | | | | | | 汽车有限公司 | | | | | | | | | | | | | 上汽通用 | | | | | | | | | | | | | ...

Core Insights - The Chinese electric vehicle (EV) market continued its high growth trajectory in July, with traditional automakers and new energy vehicle (NEV) companies showing different development paths [1] Group 1: Traditional Automakers Performance - BYD maintained its leading position with sales of 344,300 units in July, a year-on-year increase of 0.6%, and cumulative sales approaching 2.5 million units this year [2] - SAIC Motor Corporation achieved total vehicle sales of 338,000 units in July, a 34.2% year-on-year increase, marking its seventh consecutive month of growth [2] - Geely's sales reached 237,700 units in July, up 58% year-on-year, with NEV sales of 130,100 units, reflecting a 120% increase [2] - China FAW Group's total vehicle sales exceeded 252,400 units in July, a 6.5% year-on-year increase, with NEV sales surging 129.03% [3] - Chery's sales reached 224,400 units in July, a 14.7% increase, with exports of 119,100 units growing by 31.9% [3] - Changan Automobile sold over 210,000 units in July, with NEV sales of 79,000 units, a 73% increase [3] - Great Wall Motors sold 104,400 units in July, a 14.34% increase, with NEV sales of 34,600 units, up 43.27% [3] Group 2: New Energy Vehicle Companies Performance - New energy vehicle companies experienced significant changes in July, with brands like Leap Motor and Xpeng achieving remarkable growth [4] - Leap Motor's sales reached 50,100 units in July, a year-on-year increase of over 126%, marking its first month of sales exceeding 50,000 units [4] - Xpeng achieved a record monthly delivery of 36,700 units in July, a 229% year-on-year increase, with cumulative sales of 233,900 units this year, up 270% [4] - Xiaomi Auto emerged as a strong competitor, with July sales surpassing 30,000 units, driven by the launch of its first SUV, the Xiaomi YU7 [4] - NIO's sales reached 21,000 units in July, with the introduction of new models expected to boost future sales [5] - Li Auto faced challenges with sales of 30,700 units in July, a nearly 40% year-on-year decline [6] Group 3: Market Trends and Future Outlook - The market strategy of traditional automakers focuses on comprehensive price range coverage and global expansion, while new energy vehicle companies target niche markets [6] - Upcoming events like the 818 Car Purchase Festival and Chengdu Auto Show are expected to positively impact terminal sales and consumer demand [7]

Group 1: Sales Performance - SAIC Motor reported July vehicle sales of 337,500 units, a year-on-year increase of 34.2% [3] - Changan Automobile's July new energy vehicle sales reached 80,006 units, a year-on-year growth of 74.05% [12] - BAIC Blue Valley's subsidiary reported July sales of 10,280 units, a year-on-year decline of 6.38% [4] Group 2: Corporate Announcements - Sany Heavy Industry announced a cumulative share repurchase of 72.6792 million shares, totaling 1.355 billion yuan [5] - Jiachuan Vision's controlling shareholder is planning a change in company control, leading to a stock suspension starting August 4 [6] - Lingyi Technology is set for a restructuring review by the Shenzhen Stock Exchange on August 8 [7] Group 3: Corporate Changes - Danhua Technology will change its stock name to Jinmei Technology effective August 7 [2] - Mingpu Optoelectronics plans to acquire 60% of Shenzhen ABB Electric Transportation Technology Co., Ltd. for approximately 118 million yuan [11] - Longqing Technology's shareholders plan to reduce their holdings by up to 5.98% of the company's shares [9]

Core Viewpoint - Audi is exploring the integration of mechanical beauty and intelligent experience in the context of the "new four modernizations" in the automotive industry, exemplified by the launch of the new A5L Sportback, which incorporates Huawei's intelligent driving technology [2][3] Group 1: Product Launch and Features - The A5L Sportback is positioned as a "luxury smart performance sedan" with six configurations starting at a limited-time price of 259,900 yuan [2] - The vehicle aims to break the perception that intelligent driving features are exclusive to electric vehicles, paving a new path for luxury brand intelligence [2] - The car features a new PPC platform and E³ 1.2 electronic architecture designed to enhance the vehicle's intelligence and electrification levels [4] Group 2: Technological Integration - The E³ 1.2 architecture replaces traditional control units with five domain controllers, enabling rapid and reliable responses to user commands through gigabit Ethernet [4] - Huawei's intelligent driving technology acts as the "brain" of the vehicle, while the VMM vehicle motion management module integrates core systems for seamless coordination between intelligent assistance and vehicle control [4] Group 3: Performance Metrics - The A5L Sportback is equipped with Audi's fifth-generation EA888 engine and features a 0-100 km/h acceleration time of just 5.6 seconds, enhanced by the upgraded quattro intelligent all-wheel-drive system [5] - As of June 30, Huawei's intelligent driving technology has accumulated 3.541 billion kilometers of driving, with parking assistance used 230 million times, preventing 2.3814 million potential collisions [5] Group 4: Industry Impact - The A5L Sportback is seen as a "breaker of ice" for luxury brands and fuel vehicle intelligence, demonstrating the compatibility of traditional mechanical performance with cutting-edge technology [5] - The collaboration between Audi and Huawei is viewed as a significant step towards creating a smart travel experience tailored to Chinese users [5]

Group 1: Company Announcements - ST Pava's actual controller and director Zhang Bao is under investigation for embezzlement, but the company's control and operations remain unaffected [1] - Danhua Technology will change its stock name to Jinmei Technology starting August 7, 2025, following the approval of its shareholders [2] - SAIC Motor reported July vehicle sales of 337,500 units, a year-on-year increase of 34.2%, with new energy vehicle sales reaching 117,300 units, up 64.9% [2] - BAIC Blue Valley's subsidiary saw July sales decline by 6.38%, but cumulative sales for the first seven months increased by 98.58% [3] - Sany Heavy Industry has repurchased 72.68 million shares, accounting for 0.86% of its total share capital, with a total expenditure of 1.355 billion yuan [4] Group 2: Market and Financial Activities - Jiachuan Video's controlling shareholder is planning a change in control, leading to a temporary suspension of its stock [5] - Lingyi Technology is undergoing a restructuring process, with a review scheduled for August 8, 2025 [5] - Changqing Technology's shareholders plan to reduce their holdings by up to 5.98% of the company's shares due to personal financial needs [6] - *ST Huiteng is facing a pre-restructuring application from creditors due to its inability to repay debts, with significant uncertainty regarding the outcome [7] - Mingpu Optoelectronics plans to acquire 60% of Shenzhen ABB Electric Transportation Technology Co., Ltd. for approximately 118 million yuan [7] - Changan Automobile reported July new energy vehicle sales of 80,006 units, a year-on-year increase of 74.05% [7]

Core Viewpoint - The news highlights various companies' recent activities, including share buybacks, acquisitions, refinancing, and operational updates, indicating a mixed performance across different sectors. Group 1: Company Performance and Activities - Angli Kang currently has only one innovative drug project under research [1] - Sany Heavy Industry has repurchased a total of 72.6792 million shares, with a total payment of 1.355 billion yuan [3] - Mingpu Guangmi plans to acquire 60% of Shenzhen ABB Electric Transportation Technology Co., Ltd. for approximately 118 million yuan [3] - Jinlang Technology has received approval from the Shenzhen Stock Exchange for issuing convertible bonds to unspecified investors [3] - Guangan Aizhong expects to reduce its net profit attributable to shareholders by approximately 39.38 million yuan due to the implementation of low valley period electricity pricing policy [4] Group 2: Clinical Research and Legal Issues - Watson Bio's clinical research application for a respiratory syncytial virus mRNA vaccine has been accepted [5] - ST Pava's co-actual controller and director Zhang Bao is under investigation by public security for suspected embezzlement [5] Group 3: Production and Sales Updates - Qixiang Tengda has resumed production at its 300,000 tons/year propylene oxide facility [6] - Gold Open New Energy's subsidiary has completed the overall delivery of the first phase of a computing power cluster [7] - SAIC Motor's vehicle sales in July reached 337,500 units, a year-on-year increase of 34.2% [9] - BAIC Blue Valley's July sales decreased by 6.38% year-on-year [9] Group 4: Shareholder Actions and Corporate Changes - Shareholders of various companies, including Xu Huigong of Fangda Special Steel and employees of United Imaging Healthcare, plan to reduce their holdings by up to 1% to 5.98% [9] - Jiachuan Vision's controlling shareholder is planning a change in company control, leading to a stock suspension [9] - Jinshi Technology intends to publicly transfer 100% equity of its wholly-owned subsidiary Hunan Jinshi [9] - Liying Intelligent Manufacturing's restructuring matter will be reviewed by the Shenzhen Stock Exchange on August 8 [9] - Chip Guide Technology plans to acquire 100% of Jishun Technology and 17.15% of Shunlei Technology [9] Group 5: Name Changes and Pricing Adjustments - Danhua Technology will change its stock name to Jinmei Technology starting August 7 [10] - Leshan Electric Power expects an increase in gas sales gross profit of approximately 2.7 million yuan for the year 2025 due to price adjustments [10]

Investment Rating - The report maintains a neutral investment rating for the automotive and parts industry [5] Core Insights - July saw a seasonal decline in automotive sales, with a mixed performance among manufacturers. The report highlights the importance of focusing on strong alpha vehicle manufacturers and the robotics supply chain [1][11] - The report anticipates that competitive domestic brands and new forces in intelligent driving technology will continue to gain market share by 2025. It also expects some state-owned enterprises to reverse their difficulties through reforms and enhanced cooperation [14] - The report suggests continued attention to certain automotive state-owned enterprises and companies within the humanoid robotics chain, Huawei's supply chain, Xiaomi's supply chain, T chain, and intelligent driving industry chain [2][14] Summary by Sections Sales Tracking - In July, domestic narrow passenger vehicle retail sales were approximately 1.85 million units, a year-on-year increase of 7.6% but a month-on-month decline of 11.2%. New energy vehicle retail sales were estimated at about 1.01 million units, with a year-on-year growth of 15.0% and a month-on-month decline of 9.1% [8][11] - The report notes that July is traditionally a slow season for the industry, influenced by manufacturers' efforts to meet half-year sales targets in June and high temperatures in July. Overall market performance was subdued, but the second half of the year is expected to see stable growth due to consumer promotion policies and new vehicle launches [11][12] Company Performance - Among the domestic brands, only Geely reported a month-on-month sales increase in July, while other major brands like BYD, Chery, Changan, and Great Wall experienced declines. New force brands such as Hongmeng Zhixing, Leap Motor, and Xpeng saw significant sales growth, with Xpeng achieving a record monthly delivery of 36,717 units, a year-on-year increase of 229% [12][19] - The report emphasizes that in a weak overall market, companies with strong capabilities in technology, brand building, cost control, and marketing channels are likely to gain more market share [12][19] Robotics Industry - Zhiyuan Robotics received strategic investment from international groups, indicating a positive outlook for the robotics supply chain. The company is expanding into overseas markets and has begun commercializing humanoid robots in China [13][14] - The report suggests that the robotics sector is poised for a turning point, with multiple favorable developments in orders and capital, and recommends continued attention to companies in the robotics supply chain [13][14] Investment Recommendations - The report recommends focusing on companies such as SAIC Motor, JAC Motors, BYD, Seres, Changan Automobile, China National Heavy Duty Truck Group, and Yutong Bus, as well as various parts suppliers like New Spring, Silver Wheel, and others [2][15][16]

智通财经APP讯，上汽集团(600104.SH)发布7月份产销快报，当月上汽集团整车销量合计337,539辆，同 比增长34.22%；其中：新能源汽车销量117,260辆，同比增长64.91%。 ...

Group 1 - The core viewpoint of the article highlights that SAIC Motor Corporation (600104.SH) reported a total vehicle sales of 337,539 units in July, representing a year-on-year increase of 34.22% [1] - Among the total sales, the sales of new energy vehicles reached 117,260 units, showing a significant year-on-year growth of 64.91% [1]