Investment Rating - The report does not explicitly provide an investment rating for the industry [2]. Core Insights - The smart vehicle industry is experiencing significant trends, including a notable increase in sales for new energy vehicles, with leading brands like Leap Motor and AITO showing substantial month-on-month growth [2][12]. - Recent financing activities indicate a strong interest in AI-driven transportation solutions, with companies like Pinba Chuxing securing significant funding to enhance their market presence [24]. Summary by Sections 1. Information Dispatch - Monthly Sales Rankings: In June 2025, the top three new energy vehicle brands by sales were Leap Motor (48,006 units, up 6.5% month-on-month), AITO (44,685 units, up 22.9%), and Li Auto (36,279 units, down 11.2%) [12]. - New Car Releases: Several new models were launched between June 30 and July 6, including BYD's Haiyue Zizai version and Xpeng's G7, with prices ranging from 6.98 to 37.69 million yuan [3][12]. 2. Lithium Battery Information - Lithium Carbonate Prices: As of July 4, 2025, the average price of battery-grade lithium carbonate was reported at 62,320 yuan per ton, reflecting a slight increase due to improved demand expectations [4][14]. - Material Price Trends: The report highlights fluctuations in the prices of various lithium battery materials, with lithium carbonate showing a week-on-week increase of 1.81% [15]. 3. Investment and Financing Events - Recent Financing Activities: From June 30 to July 6, 2025, there were four notable financing events in the smart vehicle sector, including Tian Tong Vision's completion of a 500 million yuan Series D funding round and Pinba Chuxing's completion of a multi-million Pre-A round [23][24]. - Company Profiles: Tian Tong Vision focuses on smart driving technology, while Pinba Chuxing aims to integrate AI into customized transportation solutions [24].
产业观察:【智能车产业跟踪】拼吧出行完成千万级Pre~A轮融资,加速布局AI驱动定制出行
GUOTAI HAITONG SECURITIES·2025-07-08 11:20