汽车行业周报：理想i8、乐道L90正式上市，重卡7月持续同比高增-20250804

Investment Rating - The report maintains a "Recommended" investment rating for the automotive industry [1] Core Insights - The heavy truck segment experienced a significant year-on-year sales increase of approximately 42% in July 2025, indicating a robust demand recovery [12][16] - The introduction of the "old-for-new" policy is expected to support automotive consumption, leading to a positive outlook for the automotive sector [16] - The report highlights the launch of new electric vehicles, including the Li Auto i8 and NIO L90, which are anticipated to enhance market competition [13][14] Summary by Sections Recent Trends - The automotive sector underperformed compared to the Shanghai Composite Index from July 28 to August 1, 2025, with a weekly decline of 2.4% [5][17] - Heavy truck sales in July 2025 reached approximately 83,000 units, marking a 42% increase year-on-year [12] Company Performance - Li Auto's i8 electric SUV was launched at prices ranging from 321,800 to 369,800 CNY, featuring advanced technology and competitive specifications [13] - NIO's L90 flagship SUV was introduced with a price range of 265,800 to 299,800 CNY, showcasing high-performance capabilities [14] - Several companies reported their July sales figures, with notable performances from Li Auto, Xiaopeng Motors, and BYD, indicating strong market activity [15] Market Outlook - The continuation of the "old-for-new" policy is expected to bolster passenger vehicle sales, with a focus on high-quality domestic brands benefiting from this trend [16] - The report recommends several companies for investment, including Li Auto, Geely, BYD, and Great Wall Motors, as they are positioned to capitalize on the evolving market dynamics [16]