CMS·2025-07-13 11:48Investment Rating - The report maintains a "Recommendation" rating for the automotive industry, indicating a positive outlook for the sector [4]. Core Insights - The automotive industry experienced an overall decline of 0.6% from July 6 to July 12, 2025, with a notable increase in the dealer inventory warning index to 56.6%, reflecting a year-on-year decrease of 5.7 percentage points and a month-on-month increase of 3.9 percentage points [1][2]. - New vehicle launches include the Li Auto i8, set to debut on July 29 with a starting price of 350,000 yuan, and the Leap Motor B01, which will be launched in late July with a price range of 105,800 to 135,800 yuan [1][32]. Market Performance Overview - The automotive sector's performance was negative, with the CS Automotive index down by 0.6%, while the Shanghai A index rose by 1.1% and the Shenzhen A index increased by 2.0% during the same period [2][8]. - Among the automotive sub-sectors, the automotive services sector saw a weekly increase of 3.1%, while both passenger and commercial vehicle segments experienced declines of 1.4% and 1.0%, respectively [10][2]. Individual Stock Performance - Notable stock performances included Changchun Yitong (+17.4%), Jiuling Technology (+14.5%), and Fosa Technology (+13.7%), while Qin'an Co. (-10.0%), Quan Feng Automotive (-9.0%), and Ningbo Fangzheng (-8.0%) faced significant declines [14][18]. - Among covered stocks, Yunyi Electric (+6.6%), Huawei Technology (+6.1%), and Zhongrong Electric (+5.8%) showed positive movements, while Qin'an Co. (-10.0%), Xinquan Co. (-6.7%), and Rongtai Co. (-5.6%) experienced losses [18][14]. Recent Industry Developments - BYD has achieved L4-level smart parking capabilities, promising full liability coverage for accidents caused by its smart parking system [25]. - Chery Automobile plans to launch two new SUV models in the UK market, enhancing its competitive presence in Europe [24]. - The report highlights strategic partnerships, including a collaboration between CATL and Geely to deepen cooperation in battery technology and supply chain management [29].