汽车行业周报（25年第27周）：行业进入中报业绩期，建议关注2025世界机器人大会【国信汽车】

Core Viewpoint - The automotive market in July continues to grow primarily due to the "trade-in" and scrapping policies, with a projected retail market of approximately 1.85 million vehicles, a year-on-year increase of 7.6% but a month-on-month decrease of 11.2%. The retail of new energy vehicles is expected to reach around 1.01 million, with a penetration rate of 54.6% [2] Monthly Sales Data - The narrow passenger car retail market in July is estimated at about 1.85 million units, reflecting a year-on-year growth of 7.6% and a month-on-month decline of 11.2%. New energy vehicle retail is projected at approximately 1.01 million units, with a penetration rate expected to rise to 54.6% [2] - From July 1 to July 27, the national passenger car retail reached 1.445 million units, a year-on-year increase of 9% but a month-on-month decrease of 19%. The wholesale of passenger cars was 1.505 million units, up 17% year-on-year but down 25% month-on-month [2] Weekly Market Performance - In the week of July 28 to August 1, the CS automotive index fell by 2.26%, with the CS passenger vehicle index down 2.73%. The CS commercial vehicle index decreased by 1.28%, and the CS automotive parts index fell by 2.12%. The electric vehicle sector saw a decline of 5.01% [2] Cost Tracking and Inventory - As of July 31, 2025, the prices of float glass, aluminum ingots, and zinc ingots changed by -14.2%, +8.5%, and -8.5% year-on-year, respectively. The automotive dealer inventory warning index stood at 57.2%, down 2.2 percentage points year-on-year but up 0.6 percentage points month-on-month [3] Market Focus - The focus areas include advancements in autonomous driving, with regions like Guangzhou and Shandong accelerating the development of autonomous driving guidelines. The upcoming 2025 World Robot Conference is also a point of interest, with over 100 new products expected to be unveiled [3] - New models to watch include the recently launched Li Auto i8, Xiaomi Yu7, and others, with attention on their subsequent order volumes [3] Company Updates - Xiaomi's vehicle deliveries exceeded 30,000 units in July, marking a cumulative total of over 300,000 units delivered since its launch [4] - Nissan China and Dongfeng Group have established a new joint venture focused on exporting vehicles and parts [5] - The AITO M8 pure electric version saw over 15,000 pre-orders within 72 hours of its launch [6] - Deep Blue Automotive launched the S05 model with a 620 km range and plans to introduce 30 models over the next five years [7] - The Li Auto i8 was launched with a price range of 321,800 to 369,800 yuan [8] Industry News - The 2025 World Robot Conference is set to showcase over 1,500 exhibits from more than 200 companies, with a 25% increase in participating companies compared to last year [3] Mid-Year Performance Reports - Several companies reported significant profit growth for the first half of 2025, including Ninebot with a net profit increase of 108.45% year-on-year [17][18]