消息面上，8月6日晚7点，全新小鹏P7中国首秀。国联民生证券表示，小鹏汽车产品矩阵逐步走向完 善，销量有望提升。摩根大通此前指，小鹏汽车第二季车辆毛利率料将小幅改善，市场焦点在于G7等 SUV车型销量能否实现倍增，以及8月推出的新款P7轿跑(对标小米SU7)与第四季首款增程序车型的市场 表现。 本文源自：智通财经网 小鹏汽车-W(09868)涨超3%，截至发稿，涨3.06%，报77.35港元，成交额12.72亿港元。 ...

Group 1 - Morgan Stanley reports that the performance of Chinese automotive stocks in the first half of the year is expected to show a divergent pattern, with the sector up 9% year-to-date, underperforming the Hang Seng Index by 18% [1] - Li Auto (02015) is expected to launch two new electric models, which will enhance sales and profitability starting from Q3, with a target price set at HKD 135 [2] - Great Wall Motors (02333) is projected to see a 90% quarter-on-quarter increase in profits due to sales growth and deferred tax refunds from Russia, although it is expected to decline 15% year-on-year [2] Group 2 - Morgan Stanley upgraded SAIC Motor (600104.SH) from "Underweight" to "Neutral" due to stable earnings and the introduction of 18 new models by Volkswagen through their joint venture by 2026-2027, with a target price raised to RMB 15 [3] - BYD (01211) has a target price of HKD 180 and is rated "Overweight" [3] - The industry is expected to evolve into three main camps: leading brands with cost, scale, and vertical integration advantages (e.g., BYD, Geely), new forces focusing on intelligence (e.g., Xiaomi Group-W, Huawei, Xiaopeng, Li Auto), and foreign car companies in China seeking to restructure or revitalize (e.g., Volkswagen, Toyota) [3]