7月新能源汽车行业洞察：头部新势力销量同比持续增长，新势力加快出海步伐

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Insights - The report highlights that leading new energy vehicle manufacturers are experiencing continuous year-on-year sales growth, with Li Auto and Leap Motor showing particularly high growth rates. Additionally, these companies are accelerating their international expansion efforts [2] - NIO's July delivery volume increased by 0.2% year-on-year but decreased by 3.4% month-on-month, with a total of 20,498 vehicles delivered in July 2024. Cumulatively, NIO delivered 107,924 vehicles from January to July 2024, marking a 43.85% year-on-year increase [2] - Li Auto's July delivery volume surged by 49.4% year-on-year and 6.8% month-on-month, totaling 51,000 vehicles. From January to July 2024, Li Auto delivered 239,981 vehicles, a 38.5% year-on-year increase [2] - Xpeng Motors reported a 1% year-on-year increase and a 4% month-on-month increase in July deliveries, totaling 11,145 vehicles. Cumulatively, Xpeng delivered 63,173 vehicles from January to July 2024, reflecting a 20% year-on-year growth [2] - Leap Motor achieved a remarkable 54.1% year-on-year increase in July deliveries, totaling 22,093 vehicles, and is set to expand into international markets [3] - Zeekr's July deliveries increased by 30% year-on-year, while GAC Aion's sales growth faced some pressure, with July sales reaching 35,238 vehicles, a 22.21% year-on-year increase [3] - Xiaomi's July deliveries exceeded 10,000 vehicles, with expectations to maintain this momentum into August, aiming to complete its annual target of 100,000 vehicles by November [3] - Hongmeng Zhixing delivered 44,090 vehicles in July, with a cumulative total of 238,287 vehicles delivered from January to July 2024 [3]