在准旗舰大6座纯电SUV中，问界和蔚来等部分车型排名靠前，理想汽车i8四驱版以34.8%成为该项目得 分最低的车型。 | ■进阶家用纯电轿车 | | | 测试环境温度:-20--10℃ | | --- | --- | --- | --- | | 小船P7 | | 21.98-30.18万 | 53.9%▶ | | 2025款 750 四驱高性 | | 指导价 | 续航达成率 | | 能 Ultra 双电机四驱 | | | 实测续航366.7km | | 仰望U7 | 2025款 EV 五座豪华 | 62.80-70.80万 | 51.8%▶ 续航达成率 | | 版 四电机四驱 | | 指导价 | 实测续航372.9km | | 极复001 | 2026款 103度四驱 UI | 26.98-32.98万 | 49.6%1 续航达成率 | | tra版 双电机四驱 | | 指导价 | 实测续航362.1km | | Model 3 | 2025款 改款 长续航 | 23.55-33.95万 | 48.0%▶ 续航达成率 | | 全轮驱动版 双电 ... | | 指导价 | 实测续航361.8km | | 汉L ...

Core Viewpoint - The article highlights the significant growth in the sales and delivery of electric vehicles (EVs) in China for May 2025, with various companies reporting impressive year-on-year increases in their delivery numbers, indicating a robust market for new energy vehicles [1][12]. Group 1: Company Performance - BYD reported a total delivery of 382,476 vehicles in May, marking a year-on-year growth of approximately 15.27% [2][12]. - Leap Motor achieved a record delivery of 45,067 vehicles, showing a remarkable year-on-year increase of 148.1% [2][6]. - Li Auto delivered 40,856 vehicles in May, reflecting a year-on-year growth of 16.67% [2][7]. - Xpeng Motors saw a substantial increase in deliveries, with 33,525 vehicles delivered, representing a year-on-year growth of 230.43% [2][7]. - Xiaomi Group delivered over 28,000 vehicles in May, indicating its entry into the EV market [2][12]. - NIO delivered 23,231 vehicles, achieving a year-on-year growth of 13.08% [2][7][8]. Group 2: Market Trends and Regulatory Environment - The China Automotive Industry Association issued an initiative to maintain fair competition and promote healthy industry development, addressing the issue of price wars affecting profitability [15][19]. - The Ministry of Industry and Information Technology expressed support for the initiative, emphasizing the need for regulatory measures to ensure a fair market environment and protect consumer interests [19][14].

Core Viewpoint - The automotive industry is experiencing a significant transformation driven by the rise of electric vehicles and intelligent driving technologies, with a focus on key players like BYD, Geely, and XPeng [4][10][13]. Weekly Data - In the third week of March 2025, passenger car sales reached 430,000 units, up 15.6% year-on-year and 3.5% month-on-month; new energy vehicle sales were 224,000 units, up 31.2% year-on-year and 0.8% month-on-month, with a penetration rate of 52.1%, down 1.4 percentage points [2]. Market Performance - The automotive sector underperformed the market, with a decline of 3.89% in the A-share automotive sector from March 24 to 28, ranking 11th among sub-industries, compared to a decline of 1.05% in the CSI 300 [3][30]. Company Performance - Key companies like BYD, Weichai, and China National Heavy Duty Truck Corporation reported strong earnings, with BYD's net profit for Q4 2024 at 15.02 billion yuan, up 73.1% year-on-year and 29.4% month-on-month; China National Heavy Duty Truck's net profit was 546 million yuan, up 28.4% year-on-year and 73.0% month-on-month; Weichai's net profit was 3.002 billion yuan, up 19.5% year-on-year and 20.2% month-on-month [5][10]. Passenger Car Market Outlook - The passenger car market is showing upward momentum, with new models launching and intelligent driving technologies gaining traction. The penetration rate of new energy vehicles is recovering rapidly due to subsidy policies, with significant pre-sale orders for models like Great Wall's Xiaolong MAX and Geely's Lynk & Co 900 [6][11]. Investment Recommendations - The focus is on high-quality domestic brands accelerating breakthroughs in smart and global markets, recommending companies such as BYD, Geely, XPeng, and others in the new energy vehicle sector [7][13][15]. Motorcycle Market - The large-displacement motorcycle market is expanding, with significant sales growth reported in February 2025, particularly for brands like Chunfeng Power, which saw a 134.9% year-on-year increase in sales [23][24]. Heavy Truck Market - The heavy truck market is recovering, supported by expanded subsidy policies for replacing old vehicles, with sales in February 2025 reaching approximately 80,000 units, a 34% increase year-on-year [25][26]. Tire Industry - The tire industry is experiencing strong demand and performance, with high operating rates and a focus on global expansion. Leading companies are expected to benefit from ongoing growth and technological advancements [27][28].