中国基金报·2025-08-01 15:35Core Viewpoint - The article highlights the accelerating trend towards pure electric vehicles (EVs) in the Chinese automotive market, as evidenced by July sales data showing that pure electric models are outpacing plug-in hybrid models in terms of both sales volume and growth rate [2][3]. Sales Data Summary - In July, BYD sold 344,296 vehicles, with pure electric models accounting for 177,900 units and plug-in hybrids for 163,100 units, marking a shift where pure electric sales have surpassed hybrids [4][6]. - Geely's July sales reached 130,124 units, with pure electric models at approximately 90,000 units and plug-in hybrids at about 40,000 units, reflecting a significant increase from the previous year [9][11]. - Li Auto's July delivery was 30,731 units, showing a decline of 39.74% year-on-year, while NIO's was 21,017 units, a slight increase of 2.53% [2][12]. Industry Trends - The article notes that the previous dominance of plug-in hybrids and range-extended vehicles is diminishing, with industry leaders like NIO's chairman Li Bin stating that pure electric is the ultimate technology route for the future of new energy vehicles [2][15]. - New entrants like Leap Motor and Xiaomi have also reported significant growth, with Leap Motor achieving over 50,000 deliveries for the first time and Xiaomi surpassing 30,000 units in July [18][19]. Competitive Landscape - The competition among new energy vehicle manufacturers is intensifying, with companies like Xpeng and NIO adopting rapid launch strategies for new models, indicating a shift towards a more dynamic market [15][16]. - The article emphasizes that the market is evolving quickly, with companies needing to adapt their product launch and delivery strategies to keep pace with consumer demand [15][16].