Huachuang Securities·2025-07-08 08:13Investment Rating - The report maintains a "Recommendation" rating for the automotive industry, expecting the industry index to outperform the benchmark index by over 5% in the next 3-6 months [32]. Core Insights - The report highlights the upcoming launch of two significant new models in July 2025: the Li Auto i8 and the Leapmotor B01, which are expected to have a substantial impact on their respective stock prices. The Li i8 is a C-class six-seat electric SUV priced between 300,000 to 400,000 CNY, while the Leapmotor B01 is an A-class sedan priced between 100,000 to 150,000 CNY [6][10][18]. - The report suggests that the new models are likely to catalyze investment in the automotive sector, recommending a focus on companies such as Jianghuai Automobile, Li Auto, BAIC Blue Valley, SAIC Group, and others [6][10]. Summary by Sections Industry Overview - The automotive industry consists of 225 listed companies with a total market capitalization of approximately 30,810.37 billion CNY and a circulating market value of about 23,623.17 billion CNY [3]. Market Performance - The absolute performance of the automotive sector has seen declines of -3.5% over the past month, -4.3% over six months, and -9.1% over the past year. However, relative performance has improved by 1.3% over six months and 3.2% over the past year compared to the benchmark [4]. New Model Launches - The report emphasizes the importance of tracking the market expectations and launch situations of the Li i8 and Leapmotor B01, as they are anticipated to generate significant sales. The Li i8 is expected to sell 3,000 to 5,000 units monthly, while the Leapmotor B01 is projected to sell 8,000 to 10,000 units monthly [6][11][18]. Competitive Landscape - The Li i8 will compete in a market segment of approximately 130,000 units annually, targeting families with multiple children. Its main competitors include NIO ES6, Li L8, and Mercedes-Benz GLC [16]. - The Leapmotor B01 is positioned in a market of about 2.4 million units annually, appealing to young families seeking technology and value. Its competitors include BYD Qin L and Volkswagen Sagitar [21]. Investment Recommendations - The report recommends focusing on the new model launches as potential catalysts for investment in the automotive sector, particularly highlighting the Li i8 and Leapmotor B01. It suggests a positive outlook for Jianghuai Automobile and other companies mentioned [6][10].