Zhi Tong Cai Jing·2025-07-30 07:05Group 1 - The automotive sector experienced significant declines, with stocks dropping nearly 13% in the afternoon trading session [1] - Major companies such as Li Auto, XPeng, BYD, and NIO saw substantial decreases in their stock prices, with Li Auto down by 12.51% and BYD down by 4.91% [2] - The retail market for passenger vehicles in China showed a year-on-year growth of approximately 11% in early July, but a month-on-month decline of 12%, with total retail expected to reach about 1.85 million units for the month [2] Group 2 - Changjiang Securities noted that the financial health of the automotive industry is currently strong compared to both domestic and international competitors, but there are concerns about increasing competition and declining prices affecting profitability [3] - The industry is advocating against excessive competition to maintain a healthy competitive environment, which is expected to support the sustainable development of the automotive sector [3] - There is optimism regarding the opportunities in the smart driving upgrade cycle and the potential recovery of leading companies affected by price cuts from joint ventures [3]