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  Li Auto delivers over 30,000 vehicles in July 2025

  Li Auto delivered 30,731 vehicles in July 2025, bringing its cumulative deliveries to 1,368,541 units as of the end of the month.

• Xiaomi EV's deliveries top 30,000 units in July amid surging demand for YU7

  Xiaomi EV delivered more than 30,000 vehicles in July, marking a 20% increase from June and a 121% surge year-on-year.

• NIO's YTD deliveries by July 2025 jump 25.2% YoY

  In July 2025, NIO Inc. delivered 21,017 new vehicles, pushing its year-to-date sales up by 25.2% compared to the same period last year.

• A Diagnosis of the "Health" of the Lead Market: SMM's Heavyweight Launch of the Downstream Lead Inventory Index [SMM Analysis]

  A Diagnosis of the "Health" of the Lead Market: SMM's Heavyweight Launch of the Downstream Lead Inventory Index [SMM Analysis] SMM News on August 1: Inventory is defined as the various materials and resources reserved by enterprises or organizations during the production and operation process to meet production, sales, or consumption needs.

• [SMM Analysis] Both production and demand of EMM declined in July, with weak supply and demand dragging down performance

  In July 2025, EMM production showed a dual decline, with a MoM reduction and a YoY decline as well. Behind the decrease in production this month was the simultaneous weakness in both supply and demand: downstream steel mills were in the traditional off-season, with sustained weak demand...