Group 1: Market Overview - The Hong Kong stock market indices collectively rose on August 7, with mixed performance among tech stocks, while Apple-related stocks led the gains [1] - The new Xpeng P7 was officially launched and opened for pre-orders across 228 cities in China [1] Group 2: Automotive Industry Insights - According to the China Passenger Car Association, July showed clear signs of a seasonal slowdown, influenced by previous sales surges and temporary subsidy interruptions [2] - Central government allocated an additional 68 billion yuan in subsidies, expected to boost market recovery towards the end of August [2] - Investment strategies favor companies with strong sales growth and positive mid-year report expectations, including Geely, Xpeng, and Li Auto [2] Group 3: ETF and Index Analysis - The Hong Kong Stock Connect Automotive ETF (159323) focuses on the Hong Kong passenger vehicle sector, featuring a higher concentration of new energy vehicle manufacturers compared to A-shares [3] - As of August 6, the index's price-to-earnings ratio (TTM) was 20.04, significantly lower than various A-share automotive indices, indicating potential valuation attractiveness [3]

Group 1 - Xpeng Motors (XPEV.US) shares rose over 3%, closing at $18.72 [1] - In July 2025, Xpeng set a new monthly delivery record with 36,717 smart electric vehicles delivered, representing a year-on-year increase of 229% [1] - For the first seven months, Xpeng delivered a total of 233,906 smart electric vehicles, a 270% increase compared to the same period last year [1] - Xpeng announced the official launch of the next-generation P7 model on August 6 [1]