Core Insights - The main point of the article highlights the performance of new energy vehicles (NEVs) compared to traditional fuel vehicles in China during the first seven months of the year, indicating a shift in consumer preferences and market dynamics [1] Industry Overview - From January to July, the sales of traditional fuel passenger vehicles were primarily concentrated in the price range of 100,000 to 150,000 yuan, with total sales of 2.44 million units, reflecting a year-on-year decline of 13.3% [1] - In contrast, the sales of new energy passenger vehicles showed a different trend, with the 300,000 to 400,000 yuan price range experiencing a year-on-year decline, while other price ranges saw positive growth [1] - The majority of NEV sales were concentrated in the 150,000 to 200,000 yuan price range, with total sales of 1.76 million units, marking a year-on-year increase of 13.2% [1] Company Performance - The top fifteen groups in NEV sales collectively sold 7.82 million units from January to July, representing a year-on-year growth of 41.1% and accounting for 95.1% of the total NEV sales, which is an increase of 1.8 percentage points compared to the same period last year [1] - Among individual companies, Leap Motor achieved sales of 272,000 units, surpassing Li Auto's 235,000 units and Xpeng Motors' 234,000 units during the same period [1]