Zhong Guo Neng Yuan Wang·2025-08-11 01:43Industry Overview - In July, domestic electric passenger vehicle retail sales reached 987,000 units, with a month-on-month increase of 12% and a year-on-year decrease of 11%, achieving a penetration rate of 54% [1] - Wholesale electric vehicle sales were 1.18 million units, reflecting a month-on-month increase of 24% and a year-on-year decrease of 5%, with a penetration rate of 53% [1] - Domestic electric vehicle exports totaled 213,000 units in July, marking a year-on-year increase of 120% [1] - In Europe, sales across nine countries reached 221,000 units, showing a year-on-year increase of 41% but a month-on-month decrease of 20% [1] Company Performance - Electric equipment sector saw a 1.94% increase, underperforming the broader market during the week of August 4 to August 8 [2] - Notable stock performances included a 4.05% increase in wind power and a 3.22% increase in new energy vehicles [2] - Companies with the highest gains included Jinlihua Electric, Xingyun Co., and Liangxin Electric, while Jianghuai Automobile and Tongguang Cable faced the largest declines [2] Market Dynamics - The price of cobalt was reported at 265,000 CNY/ton, down 1.5%, while lithium carbonate prices showed slight increases [3] - The price of polysilicon remained stable at 49.00 CNY/kg, with no change reported [4] - The domestic electric vehicle market is expected to grow by 25% annually, reaching 16 million units by the end of the year [6] Investment Strategy - The electric vehicle sector is projected to maintain strong growth, with key players like Ningde Times, BYD, and Keda Li recommended for investment due to their market positions and growth potential [8] - The energy storage market is anticipated to experience significant growth, particularly in emerging markets, with a projected CAGR of 30-40% from 2025 to 2028 [7] - The wind power sector is expected to see a doubling in growth by 2025, with a strong focus on offshore wind projects [7]