Core Insights - The new energy vehicle market in China is experiencing robust growth and intense competition, with several new players reporting significant sales figures for June [1][2][3] Company Performance - Hongmeng Zhixing achieved a record delivery of 52,700 vehicles in June, marking a historical high for both monthly and daily sales, and leading the new energy vehicle market [2] - Leap Motor delivered 48,000 vehicles in June, a year-on-year increase of over 138%, with cumulative deliveries exceeding 800,000 [2] - Li Auto's deliveries fell to 36,300 units in June, a decrease of 24.1% compared to the same month last year, but plans to accelerate the launch of new electric models in the second half of the year [2] - Xpeng Motors reported a significant increase in deliveries, with 34,600 vehicles delivered in June, a year-on-year growth of 224% [3] - Deep Blue Automotive delivered 29,900 vehicles in June, a year-on-year increase of 79% [4] - Xiaomi Automotive delivered over 25,000 vehicles in June, with a notable order volume for its new SUV model, the Xiaomi YU7 [4] - NIO delivered 24,900 vehicles in June, a year-on-year increase of 17.5% [5] - Zeekr delivered 43,000 vehicles in June, maintaining a delivery volume above 40,000 for four consecutive months [6] Market Trends - The June sales performance was influenced by various factors, including promotional activities during the Dragon Boat Festival and increased family car purchases due to the end of the college entrance examination [1] - The shift in consumer behavior is evident, with a focus on practicality and cost-effectiveness in vehicle purchases [6] - The new energy vehicle market is seeing a reshuffling of delivery rankings, indicating changing dynamics and competition among new players [6]

乘联分会：6月1日—22日全国乘用车市场零售126.9万辆 同比增长24% 金十数据6月25日讯，6月1日—22日，全国乘用车市场零售126.9万辆，同比增长24%，较上月同期增长 8%，今年以来累计零售1008.6万辆，同比增长11%。6月1—22日，全国乘用车新能源市场零售69.1万 辆，同比增长38%，较上月同期增长11%，全国新能源市场零售渗透率54.5%，今年以来累计零售504.9 万辆，同比增长35%。 （乘联分会） ...

6月9日，乘联分会数据显示，5月新能源乘用车市场零售102.1万辆，同比增长28.2%，环比增长12.1%； 1-5月累计零售435.1万辆，增长34.1%。 ...

每经记者｜孙磊 每经实习编辑｜余婷婷 "我们会根据真实的市场需求，推出价格更合适的MPV和轿车产品，这些产品也会满足中国，以及其他亚洲和欧洲市场的需求。"理想汽车董事长、CEO 李想在2025年第一季度财报电话会上说道。 需要注意的是，李想所提及的产品规划，是建立在实现一年3000亿元人民币营收规模的基础之上。然而就现阶段而言，理想汽车仍在朝着这一目标努力迈 进中。 展望第二季度，理想汽车预计交付新车12.3万至12.8万辆，同比增长13.3%至17.9%；当期收入总额为325亿元至338亿元，同比增长2.5%至6.7%。"二季度 销量和收入指引双双低于市场预期，尤其是销量指引。其实一定程度隐含L系列订单量低于市场预期。"海豚投研方面表示。 不过，理想汽车销售与服务高级副总裁邹良军在财报电话会上透露："目前，我们每周的销量已经超过了1万辆。五月份截止到目前（5月29日），在20万 元以上NEV（新能源汽车）的市占率我们已经达到了14.7%。我们很有信心焕新版车型的销量将很快回到月销5万辆的水平。" 图片来源：理想汽车公众号 对于二季度的毛利率，理想汽车CFO李铁表示："4月至5月早些时候，理想MEGA Hom ...

Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the report. 2. Core View of the Report - The lithium carbonate market is currently in a situation of excess supply and inventory accumulation, but the supply growth rate may slow down due to production cuts [2]. - The option market shows a bullish sentiment, with a slightly decreasing implied volatility [2]. - Technically, the 60 - minute MACD has double - lines below the 0 - axis and the red bars are converging [2]. - The recommended operation is to conduct light - position short - term long trades at low prices and control risks [2]. 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the main contract is 63,220 yuan/ton, down 820 yuan; the net position of the top 20 is - 26,740 lots, down 3,735 lots; the position volume of the main contract is 294,226 lots, up 9,895 lots; the spread between near and far - month contracts is - 1,200 yuan/ton, down 240 yuan; the Guangzhou Futures Exchange warehouse receipts are 36,194 lots/ton, down 157 lots [2]. 3.2现货市场 - The average price of battery - grade lithium carbonate is 64,600 yuan/ton, unchanged; the average price of industrial - grade lithium carbonate is 62,950 yuan/ton, unchanged; the basis of the Li₂CO₃ main contract is 1,380 yuan/ton, up 820 yuan [2]. 3.3 Upstream Situation - The average price of spodumene concentrate (6% CIF China) is 753 US dollars/ton, down 13 US dollars; the average price of amblygonite is 7,340 yuan/ton, down 85 yuan; the price of lepidolite (2 - 2.5%) is 1,855 yuan/ton, unchanged [2]. 3.4 Industry Situation - The monthly production of lithium carbonate is 43,180 tons, up 7,490 tons; the monthly import volume is 18,125.49 tons, up 5,797.53 tons; the monthly export volume is 220.03 tons, down 197.10 tons; the monthly operating rate of lithium carbonate enterprises is 50%, up 8%; the monthly production of power batteries is 118,200 MWh, down 100 MWh; the price of lithium manganate is 29,000 yuan/ton, unchanged; the price of lithium hexafluorophosphate is 55,000 yuan/ton, unchanged; the price of lithium cobalt oxide is 220,000 yuan/ton, unchanged; the price of ternary material (811 type) in China is 147,500 yuan/ton, unchanged; the price of ternary material (622 power type) in China is 125,000 yuan/ton, unchanged [2]. 3.5 Downstream and Application Situation - The price of ternary material (523 single - crystal type) in China is 129,500 yuan/ton, unchanged; the monthly operating rate of ternary cathode materials is 48%, up 8%; the price of lithium iron phosphate is 31,500 yuan/ton, unchanged; the monthly operating rate of lithium iron phosphate cathodes is 57%, unchanged; the monthly production of new energy vehicles (CPCA) is 1,251,000 vehicles, down 26,000 vehicles; the monthly sales volume is 1,226,000 vehicles, down 11,000 vehicles; the cumulative sales penetration rate of new energy vehicles (CPCA) is 42.74%, up 1.58%; the cumulative sales volume of new energy vehicles and its year - on - year increase is 4,300,000 vehicles, up 1,360,000 vehicles; the monthly export volume of new energy vehicles is 200,000 vehicles, up 42,000 vehicles; the cumulative export volume of new energy vehicles and its year - on - year change is 642,000 vehicles, up 221,000 vehicles; the 20 - day average volatility of the target is 16.84%, up 0.14%; the 40 - day average volatility of the target is 16.68%, up 0.14% [2]. 3.6 Option Situation - The total subscription position is 100,491 lots, down 66,895 lots; the total put position is 40,393 lots, down 21,369 lots; the total put - call ratio of positions is 40.2%, up 3.2977%; the at - the - money IV implied volatility is 0.25%, down 0.0079% [2]. 3.7 Industry News - From January to April, China's automobile production and sales reached 10.175 million and 10.06 million vehicles respectively, a year - on - year increase of 12.9% and 10.8% [2]. - As of May 11, 2025, the application volume for automobile trade - in subsidies reached 3.225 million, with 1.035 million for vehicle scrapping and replacement and 2.19 million for replacement. The cumulative application volume has exceeded 10 million since the implementation of the policy [2]. - Xiaomi SU7 won the sales championship in the price range above 100,000 yuan in the Chinese automobile market in April [2]. - In April, China's automobile production and sales were 2.619 million and 2.59 million vehicles respectively, a year - on - year increase of 8.9% and 9.8%. The production and sales of new energy vehicles were 1.251 million and 1.226 million vehicles respectively, a year - on - year increase of 43.8% and 44.2%. In April, automobile exports were 517,000 vehicles, a year - on - year increase of 2.6% [2]. - The US will suspend the implementation of a 24% ad - valorem tariff on Chinese goods for the first 90 days, and China will take measures to suspend or cancel non - tariff counter - measures against the US [2].

智通财经5月8日电，乘联分会发布数据，4月1-30日，全国乘用车市场零售179.1万辆，同比去年同期增 长17%，较上月下降8%，今年以来累计零售691.8万辆，同比增长9%；4月1-30日，全国乘用车新能源 车市场零售92.2万辆，同比去年同期增长37%，较上月下降7%，新能源市场零售渗透率52.3%，今年以 来累计零售334.2万辆，同比去年增长37%。 乘联分会：4月1-30日全国乘用车市场零售179.1万辆 同比增长17% ...

Core Viewpoint - Neta Auto has faced significant operational issues, including app failures and website outages, which have led to widespread customer dissatisfaction and raised concerns about the company's financial stability [1][4][6]. Group 1: App and Website Issues - During the May Day holiday, Neta Auto's app experienced a crash, preventing users from locking their cars and accessing essential features [3][4]. - The company initially attributed the app's failure to a lack of maintenance during the holiday, but later clarified that it was due to a system fault, not a payment issue [6][7]. - This incident is not isolated; Neta Auto has a history of app and website malfunctions, including previous outages and system maintenance notifications [6][8]. Group 2: Financial and Operational Challenges - Neta Auto has been under financial strain, facing allegations of unpaid wages, layoffs, and debts to suppliers, which have led to dealer protests [7][9]. - The company's sales performance has declined, with only 8.6 million vehicles delivered in the first three quarters of 2022, achieving only 28.63% of its annual target [8]. - Financial losses have increased from 4.84 billion yuan in 2021 to 6.867 billion yuan in 2023, with total losses exceeding 18 billion yuan over three years [8][9]. Group 3: Strategic Responses - To address its financial difficulties, Neta Auto is exploring international markets, including plans for localized production in Thailand with a credit line of 21.5 million yuan [9]. - The company has also signed a debt-to-equity agreement with 134 core suppliers to alleviate its debt burden, with expectations of new funding from a Series E financing round [9].

智通财经4月30日电，乘联分会发布数据，4月1-27日，全国乘用车市场零售139.1万辆，同比去年4月同 期增长10%，较上月同期下降10%，今年以来累计零售651.8万辆，同比增长7%；4月1-27日，全国乘用 车新能源市场零售72.8万辆，同比去年4月同期增长24%，较上月同期下降10%，全国新能源市场零售渗 透率52.3%，今年以来累计零售314.8万辆，同比增长33%。 乘联分会：4月1-27日全国乘用车市场零售139.1万辆 同比增长10% ...

Core Insights - The small pure electric vehicle market is highly competitive this year, with Dongfeng Nano's second model, the "National Smart Pure Electric SUV" Dongfeng Nano 06, starting pre-sales at prices ranging from 89,900 to 119,900 yuan [1] - The vehicle is positioned as an A0-class SUV and is expected to officially launch in June, with plans to enter overseas markets in the third quarter [1] - Dongfeng Nano 06 offers two versions with ranges of 401 km and 471 km, with the decision to exclude a 330 km version due to upcoming subsidy changes [1][4] Product and Market Strategy - Dongfeng Nano 06 is a strategic model for Dongfeng Nano's entry into the new energy market, produced at the Wuhan factory as part of a collaboration with Wuhan Economic Development Zone [4] - The company aims to return to monthly sales of over 10,000 units in the second quarter, following a recovery to 7,000 units in March after a dip in the first quarter due to subsidy policy changes [4] - Future product plans include two additional models, a sedan and a larger SUV, expected to be launched in the next two years [5] Global Market Outlook - Dongfeng Nano is optimistic about its global market potential despite current tariff challenges, citing competitive advantages even with high tariffs in regions like the EU [5] - The company has already achieved significant market share with its Nano 01 model in various overseas markets, indicating strong confidence in the brand's international growth [5]

点 击 蓝 字 关 注 我 们 本文为中国汽车流通协会乘用车市场信息联席分会发布的权威深度市场分析报告，涵盖了： 一、整体总市场 二、 新能源市场 三、 厂商表现 四、 车型大类细分市场 五、 品牌定位细分市场 六、 国别定位细分市场 七、 价格定位细分市场 Contents 说明: 总市场 (轿车、MPV、SUV) : ICE+BEV+PHEV 在市场（轿车、MPV、SUV）： BEV+PHEV ICE： 燃油车 NEV : 新能源 BEV： 纯电动 Ph 纯电动 PHEV: 插电混动 NEV= BEV (含FCV) +PHEV (含EREV) 产销数据来源 中国汽车流通协会乘用车市场信息联席分会月报表（零售表，狭义汇总） -终稿 未计入份额低于2%的细分市场 豪华品牌: 奔驰、宝马、奥迪、凯迪拉克、捷豹、路虎、沃尔沃、英菲尼迪、讴歌、特斯拉 价格 以起步市场指导价划分 分为10万以下、10-20万、20-30万、30-40万、40万以上五档 > 整体息市场 | 整体总市场零售月度走势 | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | - ...