LI AUTO(US:LI) Great Wall Securities·2025-08-07 04:03Investment Rating - The automotive sector has a mixed investment rating with specific companies rated as "Buy" or "Increase" based on their expected performance over the next six months [43]. Core Insights - The automotive sector experienced a decline of 2.36% from July 28 to August 1, underperforming the CSI 300 index by 0.61 percentage points. The passenger vehicle segment fell by 3.37%, while the commercial vehicle segment decreased by 0.51%, outperforming the index [10][31]. - The overall PE-TTM for the automotive industry as of August 1 is 26.51, down by 0.66 from the previous week. The valuations for passenger vehicles, commercial vehicles, and auto parts are 25.71, 39.68, and 24.85 respectively [11][33]. - The retail sales of passenger vehicles from July 1 to 27 reached 1.445 million units, a year-on-year increase of 9%, but a month-on-month decrease of 19%. Cumulatively, retail sales for the year are 12.346 million units, up 11% [7][29]. Summary by Sections Market Review - The automotive sector's performance from July 28 to August 1 showed a decline of 2.36%, with the passenger vehicle segment down 3.37% and the commercial vehicle segment down 0.51% [10][31]. - The automotive services sector fell by 4.19%, underperforming the CSI 300 index by 2.44 percentage points [10]. Company and Industry Major Events - The launch of the Li Auto i8, a new electric SUV, occurred on July 29, with prices ranging from 32.18 to 36.98 million yuan. The vehicle is set to be delivered on August 20 [3][29]. - Major contracts were awarded to companies like Hongxin Technology and Changhua Group, indicating positive future revenue impacts [27]. New Vehicle Launches - A total of 23 new and updated vehicles were launched during the week, including the Li Auto i8 and various models from other manufacturers [30][32]. Investment Recommendations - The report suggests a cautious approach to the automotive sector, given the recent declines and mixed performance across different segments. The overall sentiment remains neutral to positive for select companies [31].