Group 1: Company Performance - Xpeng Motors delivered 36,717 vehicles in July, a year-on-year increase of 229%, marking the ninth consecutive month of deliveries exceeding 30,000 units [1][5] - Li Auto's July deliveries were 30,731 units, a year-on-year decrease of 40%, with a cumulative total of 1,368,541 vehicles delivered to date [2] - Leap Motor achieved a record delivery of 50,129 units in July, representing a year-on-year growth of over 126% [1][8] - BYD's July sales reached 344,296 vehicles, a month-on-month decline of 8.8%, with a cumulative total of 2.49 million vehicles sold in the first seven months, reflecting a year-on-year growth of 27% [1][19] - Geely's total sales in July were 237,717 units, a year-on-year increase of 58%, with significant growth in its Galaxy series [16][18] - NIO delivered 21,017 vehicles in July, with a cumulative total of 806,731 vehicles delivered to date, and plans to launch the new ES8 model in late August [1] Group 2: Market Trends and Developments - Xiaomi Motors surpassed 30,000 vehicle deliveries in July, achieving a new record and exceeding its annual target of 300,000 units [1][12] - Zeekr Technology reported July sales of 44,193 units, a year-on-year increase of 20%, with global users surpassing 2 million [19] - Avita Technology's July sales reached 10,062 units, reflecting a year-on-year growth of 178% [22] - Lantu Motors delivered 12,135 vehicles in July, a year-on-year increase of 102%, continuing a six-month growth trend [24] - GAC Aion announced July sales of 26,557 units, with an expanding charging infrastructure [21]

Core Viewpoint - Great Wall Motors reported a significant increase in July sales, driven by the explosive growth of the WEY brand and stable performance of the Haval brand, while the company continues to expand its presence in the new energy and overseas markets [2][4]. Sales Performance - Total sales in July reached 104,372 units, a year-on-year increase of 14.34%, with the Haval brand contributing 56,221 units, up 6.19% [2][3]. - WEY brand sales surged to 10,045 units, marking a staggering increase of 263.29% year-on-year, with cumulative sales for the first seven months reaching 44,539 units, up 96.8% [2][3]. - Sales of Great Wall pickups in July were 13,772 units, reflecting a 14.5% increase, while cumulative sales for the year reached 110,000 units, up 5.83% [2][3]. - The Tank brand sold 20,020 units in July, a 7.16% increase, with cumulative sales slightly down by 8.19% to 123,680 units [2][3]. - The Ora brand experienced a decline in July sales to 4,300 units, down 10.04%, with a significant year-to-date drop of 50.15% to 18,208 units, indicating a need for strategic adjustments [2][3]. New Energy and Export Markets - New energy vehicle sales in July totaled 34,593 units, accounting for 33.1% of total sales, with cumulative sales for the first seven months at 195,007 units, indicating sustained growth momentum [3]. - Exports in July reached 41,088 units, with a total of 238,746 units exported in the first seven months, showcasing the effectiveness of the company's global expansion strategy [3].

Core Viewpoint - Great Wall Motors is exploring high-end and international strategies to counteract profit pressures amid ongoing industry price wars, with potential collaborations and new luxury vehicle initiatives being key focal points [2][6][8]. Group 1: Financial Performance - In the first half of 2025, Great Wall Motors reported revenue of 92.37 billion yuan, a slight year-on-year increase, while net profit decreased by 10.48% to 6.337 billion yuan, and non-recurring net profit fell significantly by 36.62% [2][8]. - The automotive industry is experiencing a decline in profit margins, with the profit rate dropping from 5.0% in 2023 to 3.9% in the first quarter of 2025 [7]. Group 2: Strategic Moves - Great Wall Motors is rumored to be collaborating with Faraday Future to enter the U.S. market, which could help mitigate high tariffs and leverage supply chain advantages [2][6]. - The company has established a new "Great Wall Luxury Car Business Group" focused on hybrid and new energy products, including supercars, under the leadership of Chairman Wei Jianjun [4]. Group 3: Market Positioning - The luxury supercar market is relatively small but offers high profit margins, which could alleviate the current profitability challenges faced by automakers [4][5]. - Great Wall Motors aims to enhance its brand image through high-end vehicles, potentially allowing for downward market penetration to mainstream segments [4][5]. Group 4: Sales and Market Dynamics - In the first half of 2025, Great Wall Motors sold 569,800 vehicles, a year-on-year increase of 1.81%, with the Haval brand contributing 56.4% of total sales [9]. - Despite the sales growth, the company has faced challenges in translating this into profit, attributed to increased investments in new products and marketing efforts [9].

各家车企7月交付成绩单陆续出炉。包括小鹏汽车、零跑汽车、小米汽车在内的多家企业月度销量创新 高。 "突破"成为交付成绩单中的关键词。例如，零跑汽车宣布，7月全系交付达50129辆，同比增长超 126%，月销量首次突破5万辆。回顾零跑汽车在6月份的表现，全系交付量达4.8万辆，同比增长幅度超 过138%。 小米集团创始人、董事长兼CEO雷军8月1日在社交平台发文称，2025年7月，小米汽车交付量超过3万 辆。此前，雷军在宣布第20万辆汽车交付时透露，小米汽车的产能正在不断提升，公司已将2025年全年 交付目标上调至35万辆。 另外，鸿蒙智行官宣，7月全系销量达到47752辆；7月总成交额186亿元。其中，问界系列7月全系共计 交付40753辆。 另一家创单月交付量历史新高的小鹏汽车，该公司7月共交付新车36717辆，同比增长229%，环比增长 6%。小鹏汽车今年累计交付新车23.39万辆，同比增长270%。 比亚迪（002594）销量也保持增势。据比亚迪公告，7月汽车销量34.43万辆，去年同期销量34.24万辆； 其中，乘用车销量34.10万辆，纯电动乘用车销量17.79万辆，插电式混合动力乘用车销量16.3 ...

格隆汇8月1日丨长城汽车(601633.SH)公布7月产销快报，销量总计104372台，同比增长14.34%。7月海 外销售41,088台，1-7月累计销售238,746台。7月新能源车销售34,593台，1-7月累计销售195,007台。 ...

Group 1 - Company reported overseas sales of 41,088 units in July 2025, with a cumulative total of 238,746 units from January to July 2025 [3] - In July 2025, the company sold 34,593 units of new energy vehicles, totaling 195,007 units from January to July 2025 [4] - The reported production and sales figures are unaudited and may be subject to adjustments pending final confirmation [4] Group 2 - From July 1 to July 31, 2025, a total of 13,000 yuan of "Changqi Convertible Bonds" were converted into 330 shares of the company [7] - From December 17, 2021, to July 31, 2025, a total of 4,899,000 yuan of "Changqi Convertible Bonds" were converted into 128,504 shares, representing 0.0014% of the company's total issued shares before conversion [12] - As of July 31, 2025, the amount of unconverted convertible bonds was 3,495,101,000 yuan, accounting for 99.86% of the total issuance [8] Group 3 - The 2021 stock option incentive plan's third exercise period had 65,045,039 shares available for exercise, with no shares exercised in July 2025 [8] - The 2023 stock option incentive plan's first exercise period had 18,948,783 shares available for exercise, with no shares exercised in July 2025 [8] - The initial conversion price for the convertible bonds was adjusted to 39.16 yuan per share as of July 2025 [10]

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]

Group 1: Monthly Delivery Performance - Several automakers, including Xpeng, Leapmotor, and Xiaomi, reported record monthly sales in July, with "breakthrough" being a key term in their delivery reports [1] - Leapmotor announced total deliveries of 50,129 vehicles in July, a year-on-year increase of over 126%, marking its first month of delivering over 50,000 vehicles [1] - Xpeng delivered 36,717 new cars in July, representing a year-on-year increase of 229% and a month-on-month increase of 6% [1] Group 2: Company-Specific Highlights - Xiaomi's CEO Lei Jun stated that the company aims to exceed 30,000 vehicle deliveries by July 2025, raising the annual delivery target for 2025 to 350,000 vehicles [1] - BYD reported July sales of 344,300 vehicles, slightly up from 342,400 vehicles in the same month last year, with 177,900 being pure electric vehicles [1] - Great Wall Motors announced July sales of 104,400 vehicles, a year-on-year increase of 14.34% [2] Group 3: New Energy Vehicle Trends - The overall retail market for narrow passenger vehicles in July was approximately 1.85 million units, showing a year-on-year growth of 7.6% [3] - The penetration rate of new energy vehicles reached about 54.6%, with retail sales expected to reach 1.01 million units [3] - Geely's total sales in July reached 237,700 vehicles, a year-on-year increase of 58%, with significant growth in its Galaxy brand [3]

Core Viewpoint - Great Wall Motors announced its production and sales figures for July 2025, showing a mixed performance across different brands and models [2][3]. Group 1: Sales Performance - Haval brand sold 56,221 units in July 2025, a 6.19% increase compared to 52,944 units in July 2024. Year-to-date sales reached 377,648 units, up 7.08% from 352,682 units last year [3]. - WEY brand experienced significant growth, with sales of 10,045 units in July 2025, a 263.29% increase from 2,765 units in July 2024. Year-to-date sales were 44,539 units, a 96.80% increase from 22,632 units last year [3]. - Great Wall Pickup sold 13,772 units in July 2025, a 14.50% increase from 12,028 units in July 2024. Year-to-date sales reached 110,000 units, up 5.83% from 103,944 units last year [3]. - Ora brand saw a decline in sales, with 4,300 units sold in July 2025, a decrease of 10.04% from 4,780 units in July 2024. Year-to-date sales were 18,208 units, down 50.15% from 36,529 units last year [3]. - Tank brand sold 20,020 units in July 2025, a 7.16% increase from 18,682 units in July 2024. Year-to-date sales were 123,680 units, down 8.19% from 134,720 units last year [3]. - Total sales for the company reached 104,372 units in July 2025, a 14.34% increase from 91,285 units in July 2024. Year-to-date total sales were 674,161 units, up 3.57% from 650,954 units last year [3]. Group 2: Production Performance - Haval brand produced 51,663 units in July 2025, a 5.05% increase from 49,179 units in July 2024. Year-to-date production was 369,079 units, up 3.30% from 357,282 units last year [3]. - WEY brand's production reached 10,420 units in July 2025, a 431.63% increase from 1,960 units in July 2024. Year-to-date production was 46,337 units, up 106.51% from 22,438 units last year [3]. - Great Wall Pickup's production was 13,736 units in July 2025, a 9.37% increase from 12,559 units in July 2024. Year-to-date production reached 110,702 units, up 9.63% from 100,980 units last year [3]. - Ora brand produced 3,544 units in July 2025, a decrease of 3.01% from 3,654 units in July 2024. Year-to-date production was 17,951 units, down 47.04% from 33,895 units last year [3]. - Tank brand's production was 21,425 units in July 2025, an 18.32% increase from 18,108 units in July 2024. Year-to-date production reached 127,750 units, down 2.97% from 131,661 units last year [3]. - Total production for the company was 101,045 units in July 2025, an 18.22% increase from 85,470 units in July 2024. Year-to-date total production was 672,226 units, up 4.00% from 646,352 units last year [3].

Group 1: Overall Sales Performance - In July 2025, various automakers reported their sales figures, with significant growth for some brands and declines for others [1][2][3][6][10][14][17][19][21][20][27]. - Xpeng Motors achieved a record delivery of 36,717 vehicles in July, marking a 229% year-on-year increase and maintaining over 30,000 deliveries for nine consecutive months [6][1]. - Li Auto reported a delivery of 30,731 vehicles in July, a 40% year-on-year decline, with a total cumulative delivery of 1,368,541 vehicles [3][2]. - Leap Motor delivered 50,129 vehicles in July, representing over a 126% year-on-year increase, setting a new monthly record [11][10]. - BYD's sales reached 344,296 vehicles in July, a decrease of 8.8% from the previous month, but a 27% increase year-to-date [21][1]. - Geely's total sales in July were 237,717 vehicles, showing a 58% year-on-year increase [17][19]. - Great Wall Motors sold 104,400 vehicles in July, a 14.34% year-on-year increase [19][1]. - Zeekr Technology reported sales of 44,193 vehicles in July, a 20% year-on-year increase [20][1]. - Xiaomi Motors surpassed 30,000 deliveries in July, achieving a new brand record [14][1]. Group 2: Cumulative Performance and Future Outlook - As of July 2025, NIO has delivered a total of 806,731 vehicles, with a year-to-date growth of 25.2% [2][1]. - Leap Motor's cumulative deliveries reached 271,793 vehicles from January to July, positioning it among the top three new energy vehicle brands [11][1]. - Xpeng Motors' total deliveries exceeded 800,000 vehicles by the end of July, with a 270% increase in the first seven months of 2025 [6][1]. - Geely's cumulative sales for the year reached 855,715 vehicles, a 30% increase compared to the same period last year [18][1]. - Xiaomi Motors has already exceeded its annual delivery target of 300,000 vehicles, with a total of 311,700 vehicles delivered by July [14][1]. - Li Auto plans to enhance the user experience for existing customers with upgrades to its AD Max driving assistance system [3][1]. - NIO is set to launch its new ES8 model in late August, with deliveries starting in September [2][1].