Core Viewpoint - The article discusses the recent launch of cash purchase subsidies for Hongmeng Intelligent vehicles across multiple provinces and cities in China, aimed at boosting sales during July 2025 [1][2]. Group 1: Subsidy Details - Various provinces and cities have initiated a cash subsidy program for Hongmeng Intelligent vehicles, offering a cash rebate of 3,000 yuan per vehicle for purchases made between July 1 and July 31, 2025 [1][2]. - The number of vehicles eligible for the subsidy in each province is limited, typically ranging from 1,000 to 2,000 units [1]. - The subsidy program in Henan province specifies that it applies to new energy vehicles priced at 200,000 yuan or above, equipped with the Hongmeng vehicle system and Huawei's Tuling platform [1]. Group 2: Participation and Impact - At least ten provinces and cities, including Henan, Anhui, Yunnan, Hebei, Hunan, Tianjin, and others, have announced similar cash subsidy activities for Hongmeng Intelligent vehicles [2]. - The funding for these subsidies is sourced from local sales enterprises related to Hongmeng Intelligent [2]. - In addition to the provincial subsidies, Hongmeng Intelligent is offering a cash discount of 20,000 yuan on all models from June 27 to July 31, 2025, which includes regional subsidies [2]. Group 3: Sales Performance - In June 2025, Hongmeng Intelligent achieved a total delivery of 52,747 vehicles, marking a year-on-year increase of 20% [2].

Group 1 - Tesla has upgraded the Model 3 Long Range version, increasing its range from 713 km to 753 km and reducing the 0-100 km/h acceleration time from 4.4 seconds to 3.8 seconds, with a price increase of 10,000 yuan to 285,500 yuan [2] - The refreshed Model Y Long Range version also saw an increase in range from 719 km to 750 km, but its price remains unchanged [2] - Tesla continues to offer promotional policies, including an 8,000 yuan paint option discount and a limited-time 5-year 0% interest financing for both Model Y and Model 3 [5] Group 2 - Tesla's sales in China have declined compared to peak levels, with wholesale sales in May 2025 reported at 61,700 units, a year-on-year decrease of 15% [6] - The Model Y sales were 24,800 units, down 38.05% year-on-year, while Model 3 sales were 13,800 units, down 9.27% year-on-year [6] - In contrast to Tesla's price increases, several other car manufacturers are implementing discount strategies, with companies like Hongmeng Zhixing and Deep Blue Motors announcing cash subsidies and financing options [6][8][14] Group 3 - The overall performance of the Chinese automotive market in June was robust, with retail sales of narrow passenger vehicles estimated to reach 2 million units, a year-on-year increase of 13.4% [17] - New energy vehicle retail sales are expected to exceed 1.1 million units, marking a year-on-year growth of 28.9% and a market penetration rate reaching a historical high of 55% [17] - The "trade-in and scrapping" policy remains a key growth driver for the automotive market, indicating a resilient market despite seasonal trends [17]