5月22日晚在小米战略新品发布会现场，雷军表示，豪华高性能SUV小米YU7将在7月正式上市，并表示"19万9是 不可能的"。据悉，在小米投资者大会上雷军提到，在YU7的智驾研发投入上，总预算达到35亿元，整体投入在行 业处于领先水平。 南都记者关注到，就在5月，多家车企开启新一轮价格战，不仅老款车型降价，新车定价也显著下探。5月23日， 比亚迪宣布对王朝网、海洋网22款智驾车型启动限时补贴，其中海豹07DM - i智驾版直降5.3万元，秦PLUSDM-i 智驾版补贴后仅6.38万元；随后吉利汽车也开启新一轮降价，吉利星愿作为品牌入门车型，原指导价为6.88万元 起，在叠加限时补贴后，起售价降至5.98万元；5月25日，合资高端品牌凯迪拉克则打出"一口价"，2025款XT4全 款一口价为15.99万-18.99万元，较官方指导价下降了6万-8万元左右。 小米汽车首款SUV小米YU7近日陆续到达上海、杭州、成都的43家门店开启静态品鉴，南都记者获悉，雷军进一 步披露了小米YU7的价格信息。6月3日在小米投资者大会上，雷军表示要反对"内卷"和"价格战"，最新推出的小 米YU7售价不可能是网传的23.59万元，正式定 ...

Core Viewpoint - BYD's stock has experienced significant declines, with H-shares dropping over 3% and A-shares down 2.56% amid rumors of financial issues with a dealer group in Shandong [1][2]. Group 1: Dealer Issues - Reports surfaced regarding financial problems at the Jinan Qiancheng Automobile Trading Co., a dealer group for BYD, attributed to reckless expansion and leveraged operations [2]. - BYD responded to these rumors, stating that the information is untrue and that they have been consistent in their dealer policies over the years [2]. - The company is providing support to the troubled dealer group to help manage customer and employee issues [2]. Group 2: Price War in the Automotive Market - A renewed price war in the automotive sector is evident, with BYD announcing limited-time subsidies on 22 models, including significant price cuts on the Seal 07 DM-i and Qin PLUS DM-i [4]. - Other manufacturers, such as Changan and Geely, have also initiated price reductions on their models, indicating a trend across the industry [4]. - The price war is expected to compress profit margins for suppliers, with reports indicating that profit margins have shrunk to 10% and payment terms extended to 120 days [4]. Group 3: Market Dynamics and Analyst Insights - Analysts from Citigroup and Morgan Stanley have noted that the price cuts signal significant pressure in the terminal market, driven by economic downturn and weak demand [5]. - Concerns have been raised regarding the impact of these price reductions on companies' profitability and gross margins [5].