点 击 蓝 字 关 注 我 们 本文全文共 685 字，阅读全文约需 2 分钟 为了便于大家进一步及时掌握全国乘用车市场产销动态，并了解行业政策、价格、二手车、新能源汽 车、商用车市场、上海汽车市场等情况，中国汽车流通协会乘用车市场信息联席分会秘书处现决定举行"2025 年7月乘用车市场分析发布会"，本次会议以 网上发布 的形式举行。 会议相关信息如下： 主办方： 中国汽车流通协会乘用车市场信息联席分会 协办方： 搜狐·汽车事业部 上海市信息中心 益普索（中国）咨询有限公司 上海安路勤企业管理咨询有限公司 上海福蓝汽车技术有限公司 广州威尔森信息科技有限公司 科瑞卓信（北京）咨询有限公司 广州市佩升前研市场信息咨询股份有限公司 会议报告网上发布时间： 2025年7月8日（星期二）下午16:00 请大家关注微信订阅号：cpca2024和官网www.cpcaauto.com，届时报告将通过以上两种渠道发布。感谢各 位的支持！ 会议报告内容： 1）2025年6月份上海汽车市场上牌情况 ——上海市信息中心； 2）2025年5月价格指数报告 ——福蓝汽车； 会议报告网上发布渠道： 微信订阅号（cpca2024） 官网（ ...

智通财经APP获悉，华龙证券发布研报称，截至2025H1，申万汽车上涨8.91%，领先沪深300指数 8.88pct，其中乘用车以及汽车零部件板块分别受益于智驾平权和人形机器人催化，超额收益明显。展望 2025年下半年，自主乘用车迎来国内格局收敛、出海加速拓展的关键阶段，份额提升&海外销量增长可 期;L2&L4均迎来放量，中高阶智驾加速普及，Robotaxi运营规模扩张;人形机器人长期产业趋势不变， 关注核心增量环节，维持行业"推荐"评级。 华龙证券主要观点如下： 乘用车市场格局有望加速收敛 进入2025年，特斯拉、Figure AI和优必选等领先的人形机器人厂商积极布局工业场景，随着工业场景规 模化部署逐步落地，大量优质实机数据有望进一步提升机器人通用能力，或形成飞轮效应，推进量产加 速。面向最复杂的家用场景，人形机器人在认知决策、续航耐久、精巧操作和运动控制方面痛点仍存， 建议关注灵巧手、丝杠和传感器等核心增量环节。 风险提示：宏观经济波动风险;政策变动风险;原材料价格波动风险;地缘政治风险;重点上市车型销量不 及预期;人形机器人量产节奏不及预期;第三方数据的误差风险;重点关注公司业绩不及预期。 2025 ...

摘要 ► 本 周数据： 2025年6月第4周（6.23-6.29）乘用车销量57.9万辆，同比+8.0%，环比+3.7%；新能源乘用车销量29.8万辆，同比+26.7%，环比+4.4%；新能源渗透率51.6%，环比 +0.3pct。 ► 本周行情 ： 汽车板块本周表现弱于市场 本周（6月30日-7月4日）A股汽车板块上涨0.65%，在申万子行业中排名第22位，表现弱于沪深300（+1.80%）。细分板块中，商用载客车、汽车零部件、汽车服 务、摩托车及其他、乘用车、商用载货车分别上涨4.91%、-0.62%、1.70%、5.68%、1.43%、0.69%。 ► 本周观点： 本月建议关注核心组合【吉利汽车、比亚迪、理想汽车、小鹏汽车、小米集团、伯特利、拓普集团、新泉股份、沪光股份、春风动力】。 ► 2024全球汽车零部件百强：德、日主导，中国零部件空间可期 乘用车： 看好智能化、全球化加速突破的优质自主，推荐 【吉利汽车、比亚迪、理想汽车、小米集团（与电子组联合覆盖）、小鹏汽车、赛力斯】 。 零部件：1）智能化： 推荐智能驾驶- 【伯特利、地平线机器人、科博达】 ，推荐智能座舱- 【继峰股份】；2）新势力产业链： ...

金十数据7月4日讯，工业和信息化部7月3日发布2024年度中国乘用车企业平均燃料消耗量与新能源汽车 积分情况公告。数据显示，2024年度，中国境内117家乘用车企业共生产/进口乘用车2318.9万辆（含新 能源乘用车，不含出口乘用车），行业平均整车整备质量为1712千克，平均燃料消耗量实际值（WLTC 工况）为3.31升/100公里，平均二氧化碳排放量为78.47克/公里，燃料消耗量正积分为5285.2万分，燃料 消耗量负积分为584.7万分，新能源汽车正积分1728.8万分，新能源汽车负积分101万分。 工信部：2024年乘用车平均燃料消耗量实际值为3.31升/100公里 ...

Group 1 - The core viewpoint of the article highlights the growth in the retail and wholesale of passenger vehicles in China during June 2023, indicating a positive trend in the automotive market [1] - In June 1-30, the national retail of passenger vehicles reached 2.032 million units, representing a year-on-year increase of 15% compared to the same period last year, and a month-on-month increase of 5% [1] - Cumulatively, from January to June 2023, the total retail sales amounted to 10.849 million units, showing a year-on-year growth of 10% [1] Group 2 - During the same period, the wholesale of passenger vehicles in China was 2.473 million units, which is a year-on-year increase of 14% and a month-on-month increase of 7% [1] - The cumulative wholesale from January to June 2023 reached 13.263 million units, reflecting a year-on-year growth of 12% [1]

乘联分会发布数据，6月1-30日，全国 乘用车市场零售203.2万辆，同比去年6月同期增长15%，较上月 增长5%，今年以来累计零售1,084.9万辆，同比增长10%；6月1-30日，全国乘用车新能源市场零售107.1 万辆，同比去年6月同期增长25%，较上月增长4%，全国乘用车新能源市场零售渗透率52.7%，今年以 来累计零售542.9万辆，同比增长32%。 ...

来源： 中汽协会行业信息部 据中国汽车工业协会统计分析，2 02 5 年5月， 中国品牌乘用车共销售 162.2 万辆，环比增长 3.3% ，同比增长 22.6% ，占乘用车销售总量的 69% ，销量占有率比上年同期提升 5.3 个百分点 。 2025 年 1 -5 月， 中国品牌乘用车共销售 756.2 万辆，同比增长 26.3% ，占乘用车销售总量的 68.8% ，销量占有率比上年同期提升 7.5 个百分点 。 ...

点 击 蓝 字 关 注 我 们 本文全文共 795 字，阅读全文约需 2 分钟 在国家以旧换新政策推动下，6月部分车企表现出色，推动零跑汽车、东风日产、广汽丰田等企业新能源 批发销量创出历史新高，而长城汽车、蔚来汽车、一汽奔腾、一汽红旗、长安马自达等车企也创出自身历史月 度次新高的优异表现。很多二线车企的表现极其优秀，推高了新能源车的总体销量。 根据乘联分会数据，全国乘用车市场2025年5月,新能源批发销量万辆以上厂商的销量之和，占总体新能源 乘用车当月销量的90%。根据7月初步汇总数据，这些5月新能源销量万辆以上厂商的6月销量为115万辆。目前 几乎绝大部分厂商销量基本都已经锁定，因此按照上月结构占比结合本月数据，测算6月全国新能源乘用车批 发销量为126万辆。 综上，根据月度初步乘联数据综合预估：6月全国新能源乘用车厂商批发销量126万辆，同比增长29%，环 比增长3%，今年1-6月累计批发647万辆，同比增长38%。 6月乘用车主力厂商新能源批发销量 *转载或引用本公众号的原创文章，请注明出处。 6月新能源乘用车市场预判 2025年6月共有20个工作日，与去年6月相比多1天，尤其是端午节在5月31日，有 ...

Core Viewpoint - The article highlights the strong growth of the passenger car market in China, driven by favorable government policies and regional disparities, with northern regions showing significant gains compared to southern regions [1][6][11]. Group 1: Passenger Car Market Trends - In 2025, the national retail sales of passenger cars are expected to grow by 9% year-on-year, with a strong performance observed from February to May, maintaining a growth rate of around 13% [4][5]. - In May 2025, retail sales reached 1.932 million units, a year-on-year increase of 13.3% and a month-on-month increase of 10.1%, with cumulative sales for the year at 8.811 million units, up 9.1% year-on-year [5][6]. Group 2: Regional Market Characteristics - The northern car market is showing a clear strength, with market share increasing by 2.8 percentage points year-on-year in May 2025, and by 2.1 percentage points compared to 2019 [7][8]. - The northeastern and northwestern regions are experiencing significant growth, while the southern regions, particularly the eastern and central areas, are lagging behind [6][8]. Group 3: Policy Impact on Market Structure - Government subsidies are favoring the development of low-end and economic vehicles, particularly benefiting A00 and A0 class electric vehicles in northern regions [1][9]. - The article emphasizes the importance of policy fairness in promoting the adoption of small and micro electric vehicles, which is crucial for their widespread acceptance [1][9]. Group 4: New Energy Vehicle Market Analysis - The new energy vehicle market is showing strong performance, particularly in pure electric and plug-in hybrid vehicles, with traditional fuel vehicles still holding a significant share in the northern and midwestern regions [14][15]. - In May 2025, the proportion of new energy vehicles in regions like Hainan and Tianjin reached around 60%, indicating robust growth [14][15].

Core Viewpoint - The automotive sector is expected to continue its growth trajectory, driven by technological innovation and the rise of AI and robotics, with a focus on three main themes: dividends, smart technology, and robotics [5][6][12]. Weekly Review Summary - In the third week of June, the compulsory insurance for vehicles reached 548,000 units, showing a week-on-week increase of 21.6% and a month-on-month increase of 40.0% [2][42]. - The performance of various automotive segments ranked as follows: SW automotive parts (+4.6%), SW commercial passenger vehicles (+3.2%), SW automotive (+2.9%), SW motorcycles and others (+2.4%), SW passenger vehicles (+0.1%), and SW commercial freight vehicles (0.0%) [2][9]. Industry Core Changes - Xiaomi launched the YU7, a mid-to-large luxury high-performance SUV, with prices starting from 253,500 CNY for the single-motor rear-drive version and going up to 329,900 CNY for the dual-motor high-performance version [4][11]. - Li Auto updated its Q2 2025 delivery forecast to 108,000 units, reflecting a slight decrease of 0.5% year-on-year but an increase of 16% compared to the previous quarter [4][11]. - Black Sesame Intelligence and Nullmax collaborated to create a mainstream production solution for assisted driving, utilizing a single Wudang C1236 chip [4][11]. - The YU7 model is equipped with a standard electric power steering system [4][11]. Sector Perspective Reaffirmation - The market remains optimistic about the automotive sector, particularly following the impressive pre-sale of the Xiaomi YU7, which surpassed 240,000 units in just 18 hours, setting a historical record [5][12]. - The recommendation is to increase the allocation towards dividend stocks in the automotive sector for the second half of the year, focusing on three main themes: dividends and good patterns, AI smart technology, and AI robotics [6][12]. Current Automotive Sector Configuration - The automotive sector is advised to focus on technological innovation as a means to achieve healthy development [6][12]. - Key stocks to consider include: - Dividend and good pattern theme: Yutong Bus, China National Heavy Duty Truck, and various automotive parts manufacturers [6][12]. - AI smart technology theme: Preferred stocks include Xpeng Motors, Li Auto, and Xiaomi Group in Hong Kong, and companies like Seres and BYD in A-shares [6][12]. - AI robotics theme: Recommended stocks include Top Group, Joyson Electronics, and others [6][12].