特斯拉中国排名第四，7月批发销售新车67886辆，上通五、奇瑞汽车、零跑汽车分别以62395辆、59900辆、50129辆分列5-7 位，赛力斯、小鹏汽车、长城汽车分别为41676辆、36717辆、34593辆。 批发销量垫底的6家车企分别为广汽本田、上汽大通、东风本田、创维汽车、合创汽车，销量分别为642辆、431辆、414辆、279 辆、192辆、21辆。 8月4日，乘联分会发布2025年7月新能源乘用车厂商批发销量快讯，在多部门"价值竞争"引导下，预估7月全国新能源乘用车厂 商批发销量118万辆，同比增长25%，环比下降4%。今年1-7月累计批发763万辆，同比增长35%。 其中比亚迪以341030辆遥遥领先，吉利汽车、长安汽车分别为130124辆、76765辆分列二、三位。 ...

Core Insights - In July, the wholesale sales of new energy passenger vehicles in China reached 1.18 million units, representing a year-on-year increase of 25% but a month-on-month decrease of 4% [1] - Cumulatively, from January to July, the total wholesale sales amounted to 7.63 million units, reflecting a year-on-year growth of 35% [1]

Group 1 - The core viewpoint of the article indicates that in July, the wholesale sales of new energy passenger vehicles in China reached 1.18 million units, representing a year-on-year increase of 25% but a month-on-month decrease of 4% [1] - Cumulatively, from January to July, the total wholesale sales amounted to 7.63 million units, showing a year-on-year growth of 35% [1]

Group 1: Sales Performance of New Energy Vehicle Companies - Leap Motor achieved a record monthly delivery of 50,129 vehicles in July, marking a 126% year-on-year increase and securing the top position in sales [1] - Huawei's AITO brand, with a total sales of 47,752 vehicles in July, ranked second, although it experienced a decline in sales compared to the previous month [1] - Xiaopeng Motors delivered 36,717 vehicles in July, representing a 229% year-on-year increase and a 6% month-on-month increase, setting a new monthly delivery record [2] Group 2: Challenges and Strategies of Other New Energy Vehicle Companies - Li Auto's sales fell to 30,731 vehicles in July, with both year-on-year and month-on-month declines, indicating a need for more competitive pricing strategies [2] - NIO maintained sales above 20,000 units in July, reaching 21,017 vehicles, but faced scrutiny due to significant losses and slow growth [2] - Xiaomi's sales exceeded 30,000 units in July, with a focus on increasing production capacity to meet demand [2] Group 3: Performance of Traditional Automakers' New Brands - Changan's Deep Blue brand delivered over 27,000 vehicles in July, while GAC's Aion brand surpassed 26,000 vehicles [3] - Several brands, including Geely's Zeekr and Dongfeng's Lantu, reported sales in the range of 10,000 to 17,000 vehicles [3]

Core Viewpoint - Beijing Automotive Blue Valley (600733) reported a decline in production and sales for July 2025, with production at 10,745 units, down 7.79% year-on-year, and sales at 10,280 units, down 6.38% year-on-year [1] Production and Sales Summary - Cumulative production from January to July reached 78,754 units, representing a significant increase of 162.05% year-on-year [1] - Cumulative sales for the same period totaled 77,432 units, showing an increase of 98.58% year-on-year [1]

Core Insights - The Chinese electric vehicle (EV) market is experiencing robust growth in July 2025, with major automakers reporting impressive sales figures. Group 1: BYD - BYD leads the market with sales of 344,296 units in July, a slight increase of 0.56% year-on-year, and a cumulative total of 2,490,250 units from January to July, reflecting a growth of 27.35% [2] Group 2: Geely - Geely's total sales reached 237,717 units in July, marking a significant year-on-year increase of 58%. The Galaxy series was a key driver, with sales soaring by 237% [3] Group 3: Great Wall Motors - Great Wall Motors sold 104,372 units in July, up 14.34% year-on-year, with cumulative sales of 674,161 units from January to July, a growth of 3.57% [4] Group 4: Leap Motor - Leap Motor achieved a record high of 50,129 units in July, representing a year-on-year growth of over 126% [5] Group 5: Xpeng Motors - Xpeng Motors delivered 36,717 vehicles in July, a remarkable increase of 229% year-on-year, with a cumulative total of 233,906 units from January to July, reflecting a growth of 270% [6] Group 6: Li Auto - Li Auto delivered 30,731 vehicles in July, with a cumulative total of 1,368,541 units delivered as of July 31, 2025 [7] Group 7: NIO - NIO reported July deliveries of 21,017 vehicles, with a cumulative total of 806,731 units delivered, and a year-on-year growth of 25.2% for the year [10] Group 8: Other Automakers - Several other automakers also reported significant growth in July, including: - Deep Blue Auto with 27,169 units, a 62% increase [9] - Lantu Auto with 12,135 units, a 102% increase [11] - Qianli Technology with 10,222 units, a 142.34% increase [12] - Avita with 10,062 units, a 178% increase [13] - Xiaomi Auto with over 30,000 units [8] - Zhi Mi Auto with 7,021 units [14] - Jishi Auto with 1,316 units [15]

Core Insights - Multiple companies reported significant growth in electric vehicle (EV) sales for July, indicating a robust market performance in the EV sector. Group 1: Sales Performance - BYD achieved sales of 344,296 units in July, a slight increase from 342,383 units year-on-year, with overseas sales of passenger cars and pickups reaching 80,178 units, up 159.5% [9] - SAIC-GM-Wuling reported total global sales of 123,341 units, a year-on-year increase of 13.7%, with new energy vehicle sales at 73,901 units, up 50.9% [11] - Leap Motor's sales reached 50,129 units, marking its first month surpassing 50,000 units, with a year-on-year growth exceeding 126% [15] - Xpeng Motors delivered 36,717 vehicles, a year-on-year increase of 229% and a month-on-month increase of 6%, achieving a historical high for monthly deliveries [18] - Li Auto delivered 30,731 vehicles, showing a year-on-year decline of 40% and a month-on-month decline of 15.3% [21] - Xiaomi's deliveries exceeded 30,000 units, driven by the launch of its first electric SUV, YU7 [23] - Deep Blue's sales reached 27,169 units, reflecting a year-on-year growth of 62% [28] - GAC Aion sold 26,557 units, with a strong charging infrastructure supporting its growth [32] - NIO delivered 21,017 vehicles, with a year-to-date growth of 25.2% [36] - Zeekr sold 16,977 units, maintaining a consistent monthly sales performance [38] - Lantu achieved sales of 12,135 units, with a year-on-year increase of 102% [40] - Avita's sales reached 10,062 units, marking a year-on-year growth of 178% [41] - ARCFOX delivered 9,436 units, with a year-on-year increase of 50.35% [45] - Zhiji delivered 7,027 units, with a month-on-month increase of 16.6% [47] - Hongmeng Zhixing's total sales reached 47,752 units, maintaining a leading position among new energy and luxury brands [51] Group 2: Market Trends and Developments - The overall performance of the EV market in July indicates strong consumer demand and competitive dynamics among various manufacturers [2][3] - The introduction of new models and expansion of sales channels, including international markets, are key strategies driving growth for several companies [15][23][28] - The competitive landscape is intensifying, with some companies facing challenges in maintaining growth rates amid increasing market competition [21]

Group 1: Delivery Performance - Leap Motor achieved a total delivery of 50,129 vehicles in July, marking its first month of sales exceeding 50,000 units, with a year-on-year growth of over 126% [2] - Xiaomi Motors reported a delivery of over 30,000 vehicles in July, which is the first time the company has surpassed this monthly figure since its establishment [4][6] - XPeng Motors set a new monthly delivery record with 36,717 vehicles in July, reflecting a year-on-year increase of 229%, and has delivered over 800,000 vehicles cumulatively [8] - Zhi Ji Motors delivered 7,027 vehicles in July [10] Group 2: Comparative Analysis - Leap Motor's July delivery of 50,129 units is a significant increase from June's 48,000 units, which had a year-on-year growth of over 138% [2] - Xiaomi Motors' delivery in June was 25,000 units, and in May it was 28,000 units, indicating a steady increase leading to July's performance [4] - XPeng Motors delivered 233,906 vehicles in the first seven months of 2025, a 270% increase compared to the same period last year [8] Group 3: Market Impact - Following the announcement of its delivery figures, Xiaomi Group's stock price rose to 53.8 HKD, reflecting a 1.22% increase [6] - XPeng Motors' stock was reported at 71.4 HKD, with a slight decrease of 0.21% [9]

Group 1 - The core viewpoint of the article highlights the significant growth in the new energy commercial vehicle insurance market, with a premium income of approximately 661.7 billion yuan in the first half of the year, representing a year-on-year increase of 41.44%, which is substantially higher than the overall industry growth rate of 3.27% [1][2] - The claims paid for new energy commercial vehicle insurance also saw a year-on-year increase of 33.32%, contrasting with a decline of 1.68% in overall industry claims, indicating an improvement in business risk [1][2] - The growth in new energy vehicle insurance premiums is primarily driven by the increase in new energy vehicle sales, with production and sales figures reaching 6.968 million and 6.937 million units respectively, both showing over 40% year-on-year growth [2][3] Group 2 - Despite the high growth rates, the year-on-year growth rate of new energy vehicle insurance premiums has slowed compared to 2024's projected growth of 52.93%, attributed to a larger premium base [3] - The article notes a trend of decreasing risk in new energy vehicle insurance, with the premium income growth outpacing claims growth by 8.12 percentage points in the first half of the year [4] - Factors contributing to the reduction in claims include improved risk management by insurance companies, enhanced safety features in vehicles, and better driving habits among owners [4][6] Group 3 - Policy implementations, such as the guidance issued by financial regulatory authorities in January, are expected to further improve the claims ratio in the new energy vehicle insurance sector [5] - The outlook for the second half of the year suggests continued rapid growth in new energy vehicle insurance premiums, supported by increasing sales and ownership of new energy vehicles [5] - The comprehensive cost ratio for new energy vehicle insurance is anticipated to decline due to various factors, including improved driving habits, enhanced vehicle quality, and ongoing technological advancements [6]

Group 1 - In June, the national retail sales of passenger cars reached 2.084 million units, a year-on-year increase of 18.1%, with cumulative retail sales for the year at 10.901 million units, up 10.8% year-on-year [2] - In June, domestic retail sales of self-owned brands reached 1.34 million units, a year-on-year increase of 30%, capturing a market share of 64.2%, which is an increase of 5.6 percentage points compared to the previous year [2] - The export of passenger cars (including complete vehicles and CKD) in June was 480,000 units, a year-on-year increase of 23.8%, with a total export of 2.479 million units in the first half of the year, up 6.8% year-on-year [2] Group 2 - In June, the wholesale sales of new energy passenger vehicles reached 1.241 million units, a year-on-year increase of 27%, with cumulative wholesale sales of 6.447 million units in the first half of the year, growing by 37.4% [3] - In June, the wholesale sales of pure electric vehicles were 771,000 units, a year-on-year increase of 39.2%, while range-extended vehicles saw sales of 122,000 units, up 13.6% year-on-year [4] - BYD ranked first in sales with 377,628 units in June, followed by Geely Auto (122,367 units), Changan Auto (87,458 units), and Tesla China (71,599 units) [4]