In July, China's domestic automobile market continued its recovery momentum. Data released by the China Association of Automobile Manufacturers on the 11th showed that national automobile production and sales reached 2.591 million units and 2.593 million units respectively for the month. Although these figures decreased by 7.3% and 10.7% month-on-month due to seasonal maintenance, they still increased by 13.3% and 14.7% year-on-year, achieving double-digit growth.
On August 11, Feng Xingya, Chairman of GAC Group, confirmed for the first time in a lengthy internal post that the new high-end automotive brand jointly developed by the company and Huawei will be named "HWAWANG." The first model is planned to be launched in mid-2026, with a price range targeted at luxury new-energy vehicles priced around 300,000 yuan. On the same day, it was also reported that GAC Aion intends to strategically invest in HWAWANG Automobile with a stake not exceeding 30%, marking another reconciliation between the two former partners.
On the evening of August 8, the new R7 and the new S7 models from Zhiji simultaneously started pre-sales. Within just one hour, small orders exceeded 10,000 units, and after eight hours, cumulative orders rapidly climbed to 20,000 units, with market enthusiasm far exceeding expectations.
On August 7th, in Shenzhen, Yu Chengdong, Huawei's Executive Director, and Yin Tongyue, Chairman of Chery Automobile, jointly signed the Zhiji brand strategic cooperation agreement 2.0 in Pengcheng, marking the official entry of Zhiji into an independent operation phase with "integrated production, sales, and service." The core of the agreement is a single sentence: Huawei will take full leadership, and Chery will fully cooperate.
On August 6, 2025, Beijing Li Auto Co., Ltd., China Automotive Engineering Research Institute Co., Ltd., and Dongfeng Liuzhou Automobile Co., Ltd. jointly issued a statement explaining the recent highly-publicized Ideal i8 collision test incident and proposed an initiative to the entire industry.
Multiple sources indicate that the high-end electric vehicle brand, jointly incubated by Volvo and Geely, is closing its Chinese joint venture, sales outlets, and management team. Sources revealed that Polestar Technology—a local operating entity established in 2023 by Polestar and Star Group—quietly ceased operations in April. Several executives, including Wu Huijing, General Manager of the China region, have successively resigned, leaving only a small number of after-sales personnel nationwide maintaining operations in "survival mode."
Amphenol has confirmed that it will acquire CommScope's Connectivity and Cable Solutions (CCS) business for approximately $10.5 billion in an all-cash transaction, including debt, with the deal expected to close in the first half of 2026. This is Amphenol's largest acquisition since its founding, and also marks its second move into CommScope assets within eight months—Amphenol previously acquired CommScope's mobile network business in January of this year for $2.1 billion.
Recently, ZF Group, a major German automotive parts manufacturer, announced that it will lay off up to 14,000 employees in Germany by the end of 2028, accounting for approximately one-quarter of its total workforce in Germany. This round of layoffs primarily involves production and research & development departments. At the same time, the company will consolidate facilities and streamline management personnel to reduce costs, enhance competitiveness, and free up resources for the transition to electrification.
In July, which just passed, Li Auto delivered 30,731 vehicles, a year-on-year plunge of 39.74% and a month-on-month decline of 15.29%. This marks the second consecutive month of double-digit declines, and for the first time, Li Auto has fallen out of the top three in terms of new EV brands. As of this point, cumulative deliveries from January to July reached 234,669 vehicles, a year-on-year decrease of 2.21%. With only 36.7% of the annual target of 640,000 vehicles achieved, Li Auto will need to average 68,000 vehicles per month in the second half of the year to catch up with its schedule.
Samsung Electronics' chip business profit plummeted by 94% in the second quarter of 2025, a situation that has attracted widespread market attention. Here are the main reasons behind this phenomenon:
1. **Intense Competition in the High-End Storage Chip Market**: Samsung faces fierce competition from SK Hynix in the high-end storage chip market. In the second quarter of 2025, SK Hynix's storage chip revenue has already caught up with Samsung's, and the two companies are currently competing for the top position in the global storage market. Particularly in the field of high-bandwidth memory (HBM), a key chip for AI computing, Samsung is clearly lagging behind SK Hynix.
Autonomous driving technology company Mobileye Global achieved significant financial performance in the second quarter of 2025 and raised its full-year financial outlook.
China Changan Automobile Group Co., Ltd. was officially registered and established on July 27, 2025, with a registered capital of 20 billion yuan. The legal representative of the group is Zhu Huarong, and its registered address is located at No. 260, Jianxin East Road, Jiangbei District, Chongqing City. On July 29, China Changan Automobile Group Co., Ltd. held a listing ceremony in Chongqing.
