Chan Ye Xin Xi Wang·2025-08-05 05:19Core Viewpoint - The automotive sector in A-shares underperformed the Shanghai Composite Index during the week of July 28 to August 1, 2025, with a decline of 2.4% compared to the index's drop of 0.9% [1] Group 1: Market Performance - The automotive sector index saw a weekly trading volume decrease, with sub-sectors such as passenger cars, commercial vehicles, parts, and automotive services experiencing declines of -3.4%, -0.5%, -2.1%, and -4.2% respectively [1] - In the Hong Kong stock market, major automotive companies like Li Auto, Xpeng, NIO, Leap Motor, and Geely experienced significant declines, with respective changes of -14.0%, -5.3%, -0.1%, -6.9%, and -9.2% [1] Group 2: Heavy Truck Sales - Heavy truck sales in July 2025 showed a year-on-year increase of approximately 42%, with wholesale sales reaching about 83,000 units [2] - Cumulative wholesale growth for heavy trucks from January to July 2025 was reported at 11%, with continuous year-on-year growth from April to July, and an expanding growth rate each month [3] Group 3: New Vehicle Launches - Li Auto launched its first pure electric SUV, the Li i8, on July 29, 2025, with prices ranging from 321,800 to 369,800 yuan. The vehicle features a dual-motor intelligent four-wheel drive system and offers two battery capacities with ranges of 670 km and 720 km [4] - NIO's flagship SUV, the L90, was launched on July 31, 2025, with prices between 265,800 and 299,800 yuan. The vehicle is built on a 900V pure electric architecture and offers a maximum power of 440 kW for the four-wheel drive version [5][6] Group 4: July Sales Data - Various automotive companies reported their July sales figures, with Leap Motor exceeding 50,000 units for the first time, and Li Auto delivering 30,731 vehicles. Xpeng reported a year-on-year increase of 229% with 36,717 units delivered [7] - BYD's total vehicle sales reached 344,300 units in July 2025, slightly up from 342,400 units in the same month last year, with pure electric and plug-in hybrid sales contributing significantly [7] Group 5: Industry Outlook - The automotive sector is expected to benefit from the continuation of the vehicle trade-in policy in 2025, which is anticipated to support upward automotive consumption [8] - Companies positioned for high-end development, such as Li Auto, Geely, and BYD, are expected to benefit from the ongoing strategic shift towards higher quality offerings [8] - The penetration of advanced driving assistance systems is projected to increase, benefiting leading manufacturers and related component suppliers [8]