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  Disruptions to China’s Copper Concentrate Imports This Year [SMM Analysis]

  [SMM Analysis:Copper Consumption in New Energy Vehicles H1 2025] On July 16, the China Association of Automobile Manufacturers (CAAM) released data showing:January-June 2025 NEV production reached 6.968 million units, representing a 41.4% year-on-year increase.According to SMM estimates, full-year 2025 NEV production is forecast at 16.29 million units, with second-half production expected to reach 9.32 million units.

• 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.