证券代码：000625(200625) 证券简称：长安汽车（长安 B） 公告编号：2025-41 重庆长安汽车股份有限公司 公司董事会近日收到独立董事李克强先生提交的书面辞职报告，李克强先 生因工作原因申请辞去公司第九届董事会独立董事及董事会战略与投资委员 会成员职务，辞职生效后将不再担任公司任何职务。截至本公告披露日，李克 强先生未持有公司股票。 李克强先生辞任未导致公司独立董事成员或董事会成员低于法定或《公司 章程》规定的最低人数，其辞任自公司收到辞职报告之日生效。李克强先生辞 任不会影响公司董事会的依法规范运作。 公司董事会对李克强先生在任职期间的勤勉尽责工作表示衷心感谢。 特此公告。 重庆长安汽车股份有限公司董事会 2025 年 7 月 18 日 关于独立董事辞职的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 ...

Overall Situation - In June 2025, China's passenger car terminal sales reached 2.12 million units, a year-on-year increase of 22.7% and a month-on-month increase of 14.9% [1] - New energy passenger car sales totaled 1.12 million units, with a year-on-year growth of 33% and a month-on-month growth of 15% [1] - Pure electric vehicle sales were 681,000 units, up 42% year-on-year and 17% month-on-month [1] - Plug-in hybrid vehicle sales reached 321,000 units, a year-on-year increase of 31% and a month-on-month increase of 18% [1] - Range-extended vehicle sales were 115,000 units, showing no significant change [1] Market Overview - In July, many regions faced a temporary shortage of subsidy funds for vehicle trade-ins, leading to some cities suspending applications for vehicle replacement subsidies [3] - The reduction in promotional discounts in the car market during 2025, especially from April to June, has been significant [3] - Tightening auto credit policies and reduced loan rebate subsidies have increased sales pressure on dealers, prompting strong demands for assistance from automakers [3] Brand Rankings - BYD led the global new energy market with a monthly sales volume of 382,585 units, a year-on-year increase of 12%, including 90,049 units sold overseas [4] - Geely achieved a sales volume of 236,036 units, marking a 42% year-on-year growth, becoming the fastest-growing major automaker [4] - Chery Group's June sales reached 233,607 units, a year-on-year increase of 16.6%, with new energy vehicle sales growing by 59.6% [4] - Changan Automobile's total sales in June were 235,098 units, with new energy vehicle sales surpassing 100,000 units for the first time, a year-on-year increase of 57.11% [4] New Energy Vehicle Sales Rankings - In June 2025, BYD sold 308,000 new energy vehicles, followed by Changan with 63,000 and Tesla with 61,000 [6] - The top-selling pure electric models included Tesla Model Y with 44,000 units and BYD Sea Lion with 30,000 units [7] - The top-selling plug-in hybrid models were BYD Qin PLUS with 27,000 units and BYD Song Pro with 20,000 units [8] Additional Insights - BYD is expanding its presence in Southeast Asia, focusing on both performance and cost in battery cell procurement [13]

| India | | | | | | --- | --- | --- | --- | --- | | 一、小鹏汽车 | | 170.53 | 1 +0.1 | 17.93 | | 长安汽车 | | 156.18 | + -0.25 | 1.78 | | Rivian | | 148.42 | + -2.87 | 12.39 | | JAC | 江淮汽车 | 129.49 | 1 +3.65 | 5.93 | | 斯巴鲁 | | 124.24 | -1.99 | 16.99 | | 雷诺 | | 112.79 | + -25.55 | 39.11 | | | 和泰汽车 | 104.44 | | 18.68 | | | 蔚来汽车 | 94.28 | -3.21 | 4.11 | | 五十铃 | | 92.51 | +0.19 | 13.02 | | | 广汽集团 == 0 . | 89.52 | + +0.23 | 1.06 | | LP | Leapmotor | 88.71 | 1 +0.6 | 7.6 | | FQ | 福特奥托生 | 83.32 | + -0.48 | 2.37 | | | VinFas ...

Core Insights - The Chinese automotive market has shown strong performance in the first half of 2025, with retail sales of narrow passenger cars reaching 10.901 million units, a year-on-year increase of 10.8% [1] - Domestic brands have captured a significant market share of 64%, indicating their dominance in the Chinese market [1] - BYD leads the sales chart with 2.146 million units sold, while Geely has seen a remarkable growth rate of 47% year-on-year [1][12] - New energy vehicle sales are on the rise, with companies like Leap Motor and XPeng showing significant growth [1][19] Group 1: Overall Market Performance - As of June 2025, the cumulative retail sales of narrow passenger cars in China reached 10.901 million units, reflecting a 10.8% increase compared to the previous year [1] - Domestic brands have increased their market share to 64%, solidifying their position in the market [1] - BYD has achieved a sales volume of 2.146 million units, maintaining its position as the top seller [12] - Geely's sales have surged by 47%, prompting the company to raise its annual sales target to 3 million units [1][12] Group 2: Performance of New Energy and Emerging Brands - Leap Motor has emerged as a leader among new energy vehicle manufacturers, with monthly sales nearing 50,000 units [1] - XPeng has also shown impressive growth, selling more vehicles in the first half of 2025 than in the entire previous year [1] - The new energy vehicle segment is experiencing rapid growth, with companies like BYD and Geely leading the charge [12][19] Group 3: Traditional Automakers' Performance - Some traditional automakers are showing signs of recovery, with brands like FAW-Volkswagen and SAIC Volkswagen reporting positive year-on-year growth [1][9] - FAW Toyota has seen a significant increase of 16% in sales, indicating a rebound in the joint venture segment [1][9] - However, brands like GAC are struggling, with a decline in sales, highlighting the challenges faced by traditional automakers [1][9] Group 4: Export Performance - SAIC has become a leader in overseas sales, with 494,000 units sold, accounting for nearly 25% of its total sales [10] - Changan has also made strides in international markets, with overseas sales exceeding 300,000 units, a growth of over 45% [10] - GAC has reported a 45.6% increase in overseas sales, completing 55% of its annual export target [10]

Group 1 - The core viewpoint of the articles highlights the significant growth potential of the Robotaxi market in both China and the United States, with projections indicating substantial market sizes by 2035 [1] - TrendForce estimates that the Robotaxi market in China will reach $44.5 billion by 2035, with a compound annual growth rate (CAGR) of 96% from 2025 to 2035 [1] - In the U.S., the Robotaxi market is expected to be dominated by Tesla and Waymo, with a projected market size of $36.5 billion by 2035 [1] Group 2 - As of July 16, 2025, the China Securities New Energy Vehicle Industry Index (930997) has increased by 0.38%, with notable gains from component stocks such as Keda Li (3.53%) and Dufang Nano (3.21%) [2] - The New Energy Vehicle ETF (515700) has risen by 0.30%, reflecting a 4.32% increase over the past month [2] - The China Securities New Energy Vehicle Industry Index includes 50 listed companies involved in various sectors of the new energy vehicle industry, indicating the overall performance of leading companies in this sector [2] Group 3 - As of June 30, 2025, the top ten weighted stocks in the China Securities New Energy Vehicle Industry Index account for 55.74% of the index, with major players including CATL, BYD, and Ganfeng Lithium [3] - The New Energy Vehicle ETF has several off-market connections, indicating a diverse investment approach within the sector [3]

证券代码：000625(200625) 证券简称：长安汽车（长安 B） 公告编号：2025-40 重庆长安汽车股份有限公司 2024 年年度权益分派实施公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 一、股东大会审议通过利润分配方案情况 1．重庆长安汽车股份有限公司（以下简称"公司"或"本公司"）于 2025 年 5 月 27 日召开的 2024 年度股东大会审议通过了利润分配方案（以下简称"分配方 案"），该分配方案为：以总股本 9,914,086,060 股为基数，其中 A 股 8,272,471,283 股，B 股 1,641,614,777 股，向全体股东每 10 股派送现金红利人民币 2.95 元（含 税），公司合计拟派送现金人民币 2,924,655,387.70 元（含税），不送红股，不以 公积金转增股本。 2．自分配方案披露至实施期间公司股本总额未发生变化。 3．本次实施的分配方案与股东大会审议通过的分配方案一致。 4．本次实施分配方案距离股东大会审议通过的时间未超过两个月。 二、权益分派方案 本公司 2024 年年度权益分派方案为：以公 ...

Investment Rating - The automotive industry is rated as "Neutral" for the next six months, indicating expected performance in line with the market [53]. Core Insights - In June, retail sales of passenger vehicles increased by 18.1% year-on-year, with new energy vehicles seeing a growth of 30% [4][44]. - The automotive sector experienced a decline of 0.41% from July 7 to July 11, 2025, underperforming the CSI 300 index by 1.23 percentage points [10][44]. - The overall PE-TTM for the automotive industry as of July 11 is 25.83, down by 0.12 from the previous week [11][44]. Summary by Sections Market Overview - The automotive sector's performance from July 7 to July 11 showed a decline across various segments, with the passenger vehicle segment down by 1.43% and commercial vehicles down by 0.99% [10][44]. - The automotive services sector, however, increased by 3.13%, outperforming the CSI 300 index [10][44]. Valuation Levels - As of July 11, the PE-TTM for passenger vehicles is 25.11, for commercial vehicles is 36.01, and for automotive parts is 24.33 [11][44]. - The passenger vehicle segment saw a decrease of 0.37% in valuation, while the automotive parts segment increased slightly by 0.02% [11][44]. New Models and Industry News - 尚界汽车 has released a teaser for its first SUV model, which is expected to launch in the fall of 2025 [3][44]. - A total of 29 new and updated vehicle models were launched during the week of July 7 to July 11 [40][41]. Sales Performance - In June, the total retail sales of passenger vehicles reached 2.084 million units, marking an 18.1% increase year-on-year [7][44]. - Cumulative retail sales for the first half of the year reached 10.901 million units, up 10.8% compared to the same period last year [7][44].

Core Viewpoint - The automotive market is experiencing significant growth, particularly in the new energy vehicle (NEV) segment, with domestic brands leading the market share and showing strong sales performance in June 2025. Group 1: Sales Performance - In June 2025, total retail sales of passenger vehicles reached 1.09 million units, marking a year-on-year increase of 10.8% [10] - New energy vehicle sales in June reached 1.112 million units, a year-on-year growth of 29.8%, with a cumulative total of 5.469 million units in the first half of the year, up 33.3% [1] - SUV sales in June were 1.04 million units, up 18.5% year-on-year, with a cumulative total of 5.358 million units in the first half, reflecting an 11.2% increase [1] Group 2: Brand Performance - BYD maintained its leading position with sales of 352,081 units in June, a year-on-year increase of 25.7%, capturing a market share of 16.9% [3][4] - Geely ranked second with sales of 195,537 units, showing a significant year-on-year increase of 49.6%, despite a 4.7% decline from the previous month [4][7] - FAW-Volkswagen entered the top three with sales of 142,913 units in June, a year-on-year increase of 7.3% [5][7] Group 3: Market Share Dynamics - Domestic brands accounted for 64% of the retail market share in the first half of 2025, an increase of 7.5 percentage points compared to the same period last year [10] - The market share of German brands decreased, with a retail share of 16.1%, down 2.4 percentage points year-on-year [2] - Tesla China saw a significant rebound with sales of 61,484 units in June, a 59.3% increase from the previous month, driven by the popularity of the Model Y [9][16] Group 4: Future Outlook - Geely plans to increase its annual sales target from 2.71 million to 3 million units, supported by the successful launch of new models [11] - The market is expected to enter a phase of intense competition, with a focus on technology and pricing strategies as numerous new models are set to launch in the second half of the year [19]

金十图示：2025年07月15日（周二）全球汽车制造商市值变化 | India | | | | | | --- | --- | --- | --- | --- | | >< 小鹏汽车 | | 165.68 | 1 +2.26 | 17.64 | | S | 长安汽车 | 155.17 | + -0.48 | 1.77 | | | Rivian | 152.74 | + -3.36 | 12.75 | | | 雷诺 | 137.44 | + -1.21 | 47.65 | | | 斯巴鲁 | 127.52 | -0.91 | 17.44 | | JAC | 江淮汽车 | 120.63 | + +1.12 | 5.52 | | | 和泰汽车 | 105.41 | + -0.95 | 18.89 | | | 五十铃 | 94.07 | + +0.94 | 13.23 | | | 尉来汽车 | 92.56 | +5.99 | 4.17 | | | 广汽集团 | 88.25 | + +0.35 | 1.05 | | U | Leapmotor | 88.11 | 1 +0.97 | 7.55 | | FCA | 福特奥 ...

Group 1 - Global sales of electric and plug-in hybrid vehicles reached 1.8 million units in June, representing a 24% increase year-on-year [1] - The end of inventory destocking in the industry is expected to reverse the declining profitability in the materials sector for 2023-2024, with the European market poised for a second growth phase and the domestic market likely to maintain high growth driven by extended-range passenger vehicles and pure electric commercial vehicles [1] - As of July 15, 2025, the CSI New Energy Vehicle Industry Index (930997) fell by 0.29%, with mixed performance among constituent stocks, including a 3.18% increase in Defu Technology (301511) and a 4.22% decline in Shengxin Lithium Energy (002240) [1] Group 2 - The management fee for the New Energy Vehicle ETF is 0.15%, and the custody fee is 0.05%, making it the lowest among comparable funds [2] - The CSI New Energy Vehicle Industry Index closely tracks the performance of 50 listed companies involved in the new energy vehicle sector, reflecting the overall performance of leading companies in the industry [2] - As of June 30, 2025, the top ten weighted stocks in the CSI New Energy Vehicle Industry Index accounted for 55.74% of the index, including companies like CATL (300750) and BYD (002594) [2]