汽车行业周报：尚界H5、理想i6将于2025年9月上市-20250909

Investment Rating - The report maintains an "Overweight" rating for the automotive industry [5][3] Core Views - The automotive industry is expected to see stable growth in consumer demand due to supportive policies and increasing sales of new energy vehicles [3][15] - The report highlights the importance of focusing on leading companies in intelligent technology and the resonance of technology and model cycles [3][16] Industry Data Tracking - In July 2025, total automotive sales were approximately 2.593 million units, with a month-on-month decrease of about 10.7% and a year-on-year increase of approximately 14.7% [2][28] - Retail sales of passenger vehicles in August 2025 reached 1.952 million units, showing a year-on-year increase of about 3% and a month-on-month increase of about 7% [2][38] - The market share of new energy vehicles in July 2025 was approximately 48.7% [36][37] - The price of battery-grade lithium carbonate as of September 5, 2025, was approximately 74,750 CNY per ton, a decrease of 6% from August 29, 2025 [2][43] Industry News and Company Announcements - The report mentions the upcoming launch of the Shangjie H5 and Li Auto i6 in September 2025 [3][46] - Waymo has initiated autonomous taxi testing in Denver and Seattle [3][46] - BYD plans to invest 5 billion CNY in building all-terrain professional racetracks across various cities [46]