CHANGAN AUTOMOBILE-B(SZ:000625) Mei Ri Jing Ji Xin Wen·2025-08-10 22:47Group 1 - Changan Automobile's new chairman, Zhu Huarong, visited Huawei's CEO Ren Zhengfei just 11 days after taking office, indicating a sense of urgency and foresight in the electric and intelligent vehicle sectors [1] - The meeting aimed to discuss industry competition and future strategies, enhancing trust in technological cooperation between Changan and Huawei, which is expected to drive innovation in the electric vehicle industry [1] Group 2 - In July, U.S. electric vehicle sales surged to nearly 130,100 units, a month-on-month increase of 26.4% and a year-on-year increase of nearly 20%, marking the second-highest monthly sales on record [2] - The sales of electric vehicles accounted for 9.1% of total passenger vehicle sales in July, reaching a historical high, while used electric vehicle sales also hit a record of approximately 36,700 units [2] - The impending end of the $7,500 tax credit for electric vehicles by September 30 has prompted consumers to accelerate purchases, potentially boosting manufacturers' performance in the short term [2] Group 3 - Ferrari announced a recall of 381 units of its Purosangue model due to a safety issue involving the fuse box, which could lead to a short circuit and affect braking performance [3] - The recall reflects Ferrari's commitment to product safety, which is crucial for maintaining customer trust and could lead to stricter production and review processes in the future [3] Group 4 - Jaguar Land Rover reported a global revenue of £6.6 billion for Q1 of the 2026 fiscal year, a decrease of 9% year-on-year, with a pre-tax profit of £351 million, down 49% [4] - The company sold 87,286 vehicles during the same period, and its global free cash flow reached £758 million [4] - The financial results indicate ongoing challenges due to a sluggish global automotive market and supply chain bottlenecks, raising concerns about investor confidence in the luxury vehicle sector's recovery [4]