Group 1 - Chery launched the new fuel vehicle Aiyreze 8 PRO, emphasizing its capability as a family car that can also perform on the racetrack. The Aiyreze 8 series has achieved global sales of over 400,000 units in 33 months since its launch [7] - Leap Motor announced that its cumulative delivery volume has surpassed 800,000 units, with the 2026 model of the C16 officially launched and deliveries commencing nationwide. In May, Leap Motor delivered 45,067 vehicles, a year-on-year increase of over 148%, setting a record for monthly deliveries [1][5] - Geely introduced the industry's first AI-powered intelligent power domain system, Starry AI Cloud Power 2.0, which enhances the efficiency of its hybrid engine from 46.5% to 47.26%. The hybrid vehicle market in China has seen a tenfold increase in sales from 2020 to 2023 [2][5] - Zotye Auto announced a warning regarding potential delisting risks due to a lack of operational funds, with no vehicle production this year and only 14 units shipped to Algeria. The company faces financial risks and operational crises if it cannot resume production by 2025 [3][5] Group 2 - Buick has introduced a 1:1 compensation policy for its new electric vehicle E5, promising to replace the vehicle if it catches fire due to battery quality issues within one year of delivery. The starting price for the new Buick E5 is 149,900 yuan [4][5] - Safety concerns regarding electric vehicles are significant for consumers, with a reported 32% increase in self-ignition rates for new energy vehicles in the first quarter of 2023, averaging eight incidents per day [6]

Group 1: New Vehicle Launches - Xiaopeng G7 officially launched with a pre-sale price of 235,800 yuan, featuring three Turing AI chips and AR-HUD technology, emphasizing intelligence and spaciousness [1][5] - FAW Toyota's bZ5 SUV launched with four models priced between 129,800 to 159,800 yuan, equipped with advanced safety and intelligent driving features [6][8] - The new Ora Good Cat has started pre-sales with prices ranging from 89,800 to 109,800 yuan, focusing on upgraded smart features and design [11][12] - The new Buick E5 revealed with over 47 changes, including a 620 km range and a 30-inch 6K screen [15][17] - The Yangwang U7 officially commenced deliveries, featuring advanced driving assistance technology and a price range of 628,000 to 708,000 yuan [20][21] Group 2: Industry Developments - Multiple automotive companies have committed to reducing supplier payment terms to within 60 days, aiming to enhance cash flow and support small and medium enterprises [24][29] - Xiaomi's solid-state battery patent could enable electric vehicles to achieve over 1,000 km range, indicating significant advancements in battery technology [30][35] - Geely's new AI hybrid technology, Raytheon AI 2.0, promises lower fuel consumption and improved engine maintenance intervals [36][39] - GAC Toyota unveiled a new technology platform aimed at creating an AI ecosystem and enhancing electric vehicle capabilities [41][44] - Genesis is advancing its hybrid and pure electric technology, with the first production model, GV60 Magma, set to enhance performance and user experience [46][49]

Core Viewpoint - The automotive industry is experiencing a shift towards a more collaborative relationship between manufacturers and suppliers, with a focus on reducing payment terms to enhance cash flow and stability in the supply chain [5][10]. Weekly Data - In the first week of June 2025, passenger car sales reached 362,000 units, representing a year-on-year increase of 12.4% but a month-on-month decrease of 22.3%. New energy vehicle sales were 202,000 units, up 18.9% year-on-year and down 18.4% month-on-month, with a penetration rate of 55.7%, an increase of 2.6 percentage points from the previous month [2][40]. Market Performance - The automotive sector underperformed the market in the week of June 9-13, 2025, with a decline of 0.37%, ranking 18th among sub-industries. Commercial vehicles, motorcycles, and other segments saw increases of 9.38%, 0.95%, and 0.56%, respectively, while passenger cars, automotive services, and auto parts declined by 0.99%, 0.88%, and 1.29% [3][31]. Investment Recommendations - The focus is on high-quality domestic brands that are accelerating in smart technology and globalization, with recommendations including Geely, BYD, Xiaopeng Motors, and others. In the parts sector, specific recommendations include companies involved in new energy and smart driving technologies [4][7][12]. Supplier Payment Terms - Multiple automakers, including Dongfeng, GAC, and Geely, have committed to standardizing supplier payment terms to within 60 days, responding to new regulations aimed at supporting small and medium enterprises. This shift indicates a move from price competition to "payment term competition," which may lead to the exit of financially weaker players from the market [5][10]. Huawei Developer Conference - The upcoming Huawei Developer Conference on June 20, 2025, is anticipated to catalyze advancements in embodied intelligence, particularly in AI and robotics. The focus will be on hardware innovations that could significantly impact the industry [6][16]. Motorcycle Market - The motorcycle market is seeing growth, with sales of 250cc and above motorcycles reaching 93,000 units in April 2025, a year-on-year increase of 28.0%. The cumulative sales from January to April 2025 reached 298,000 units, up 58.3% year-on-year [17][19]. Heavy Truck Market - Heavy truck sales in May 2025 were 83,000 units, a year-on-year increase of 6.0%. The expansion of the vehicle replacement subsidy program is expected to stimulate demand for new trucks [21][22]. Tire Industry - The tire industry is experiencing a high operating rate, with domestic PCR tire operating rates at 78.11% and TBR rates at 62.46%. The demand for tires remains strong, supported by both domestic and international markets [25][51].