Under the influence of a high base in the same period last year, combined with the traditional off-season of the car market, the pace of car production and sales slowed down in July, and the overall market performance was relatively flat. According to data released by the China Automobile Association, in July, the production and sales of automobiles reached 2.401 million and 2.387 million respectively, a decrease of 6.2% and 9% month on month, and a decrease of 2.2% and 1.4% year-on-year.

　　In contrast, domestic brands have received frequent positive reports. In July, a total of 1.201 million Chinese brand passenger cars were sold, an increase of 11.4% year-on-year, accounting for 57.2% of the total passenger car sales, an increase of 7.6 percentage points compared to the same period last year. BYD, Changan, Geely, Chery, and Great Wall, known as the top domestic brands and the "Five Tigers of Autonomy," achieved a strong start in the second half of this year. GAC Autonomy (Trumpchi, Aian, and Haobo) continues to follow closely with a high-speed growth trend; The market performance of SAIC Passenger Cars and Dongfeng Autonomy is relatively weak.

　　Data shows that in July, the sales of BYD passenger cars, Geely, Chang'an passenger cars, Chery, Great Wall, GAC Automobiles, SAIC Passenger Cars, and Dongfeng Automobiles were 261105, 138135, 135051, 110296, 109091, 76369, 71771, and 19139, respectively, with a year-on-year increase of 60.96%, 13%, 5.23%, 7.7%, 7.03%, 35.46%, -16.93%, and -33.39%; The cumulative sales in the first seven months of this year were 1509266 vehicles, 832180 vehicles, 903106 vehicles, 649723 vehicles, 628317 vehicles, 475447 vehicles, 482570 vehicles, and 144576 vehicles, with year-on-year growth of 87.39%, 13%, 19.22%, 41.3%, 1.26%, 44.42%, 6.77%, and -28.65%, respectively.

　　The 'Five Tigers' off-season is not dull

　　From the monthly sales growth rate in July, the growth rate of the "Autonomous Five Tigers" is higher than the industry average, showing a performance that is not weak in the off-season, exceeding expectations; From the sales ranking, except for Geely and Changan passenger cars, which have swapped orders, the other six companies or brands continue to maintain the sales rankings of last month. From the perspective of target progress, in the first seven months of this year, Changan Passenger Car, Geely, and Great Wall have respectively completed 90.31%, 50.44%, and 39.27% of the target tasks.

　　Against the backdrop of the collective rise of independent brands, BYD is undoubtedly the most representative enterprise among them. On August 9th, BYD's 5th new energy vehicle officially went offline, becoming the world's first car company to achieve this milestone. At the event, Wang Chuanfu, Chairman and President of BYD Co., Ltd., excitedly stated, "As the earliest participant and promoter of the new energy vehicle industry, BYD has persisted on this path for 20 years before ushering in the current high-speed development

　　Looking back at BYD's development over the past 20 years, Wang Chuanfu choked up several times and shed tears on the scene. Wang Chuanfu candidly said, 'We are afraid we won't be able to wait until spring', 'How many people laugh at us, this is burning money'

　　Even in the toughest times, BYD still insists on high research and development investment. It is precisely with its long-term technological accumulation that BYD's persistence has finally ushered in spring. In May 2021, BYD completed China's first 1 million new energy vehicles offline, taking 13 years. But from 1 million to 3 million vehicles, BYD only took one and a half years; From 3 million to 5 million vehicles, BYD only took 9 months.

　　More importantly, After years of research and development investment, BYD has been able to build a technological moat. As of now, BYD has a total of 11 research institutes, over 90000 R&D personnel, and a total R&D investment of over 100 billion yuan. Now, on average, it submits 19 patent applications and obtains 15 patent authorizations every working day. BYD has launched a series of disruptive technologies such as blade batteries, DM hybrid, CTB battery body integration, Yi Sifang, and Yunnian, "said Wang Chuanfu.

　　The Seven Heroes Compete for New Energy

　　Not only BYD, but also other independent brands have used the new energy vehicle track to rewrite the history of China's automotive industry being "big but not strong". In order to showcase their achievements in the field of new energy, independent enterprises (brands) such as BYD, GAC Aian, Changan, Geely, Great Wall, SAIC Passenger Cars, Chery, etc. have taken the unusual step of learning new forces in car manufacturing and disclosed the sales of new energy vehicles in July before the overall data was released. Whether in terms of monthly scale or year-on-year growth rate, the seven independent enterprises have basically formed a comprehensive crushing trend against new forces in car manufacturing. We may refer to it as the "independent seven giants" in the new energy sector of Zhulu.

　　Among them, BYD stood out, with a cumulative sales volume of 262161 new energy vehicles and 261105 passenger car sales in July, a year-on-year increase of 60.96%; Among them, Dynasty Network and Ocean Network jointly contributed 249959 vehicles in July, a year-on-year increase of 54.1%; Tengshi Motors has sold a total of 11146 vehicles.

　　Following closely behind, Aian sold 45000 vehicles in July, an increase of 80% year-on-year. From January to July, Aian accumulated sales of 254400 vehicles, an increase of 103% year-on-year.

　　Great Wall Motors made its first attempt to release data on the new energy sector on the first day of August. In July, Great Wall Motors sold 28900 new energy passenger vehicles, a year-on-year increase of 163%. Among them, the new energy sales of the four major brands, Haval, Euler, Wei, and Tank, were 10000 vehicles, 10000 vehicles, 6652 vehicles, and 2023 vehicles, respectively. From January to July, Great Wall Motors sold a total of 122000 new energy passenger vehicles, a year-on-year increase of 64%.

　　In addition, Geely Automobile sold 41000 new energy vehicles in July, with a cumulative sales volume of 198900 vehicles in the first seven months. Chang'an Automobile's new energy sales in July were 39500 units, a year-on-year increase of 62.8%; From January to July, the sales of new energy vehicles reached 216500, a year-on-year increase of 87.8%. SAIC Passenger Cars (including overseas bases) sold 28000 new energy vehicles, a year-on-year increase of 29%; The sales volume of Zhiji cars is 1722 units.

　　According to data released by the China Association of Automobile Manufacturers, the wholesale sales of new energy passenger vehicles by FAW Group (including FAW Hongqi and FAW sedan), BAIC Group (including BAIC Passenger Cars and Jihu Automobile), Dongfeng Group (including Landu Automobile, Dongfeng Fengshen, Dongfeng Nano, and Dongfeng Yijie), and Chery Automobile in July were 5439, 3637, 14742, and 8500, respectively.

　　The "Top Four" Overseas Speeds Up Again

　　In terms of export business, independent brands have also achieved significant results. According to data released by the China Automobile Association, automobile companies exported 326000 vehicles in July, an increase of 4.5% month on month and 34.9% year-on-year. According to customs statistics, in the first seven months of this year, China exported 2.778 million vehicles, an increase of 74.1% year-on-year, with a value of 383.73 billion yuan, an increase of 118.5%.

　　In July, the export of new energy vehicles reached 101000 units, an increase of 29.5% month on month and 87% year-on-year. Among them, 92000 pure electric vehicles were exported, a year-on-year increase of 90.9%; The export of plug-in hybrid vehicles reached 9000 units, a year-on-year increase of 54.9%. From January to July, the export of new energy vehicles reached 636000 units, a year-on-year increase of 1.5 times. Xu Haidong, Deputy Chief Engineer of China Automobile Association, said, "This year, new energy vehicles have become one of the three major components of China's export growth, and even exported to more developed regions such as Europe. The core lies in the significant improvement of product competitiveness

　　As a leader in export business, SAIC Group's overall sales in overseas markets reached 97000 units in July, breaking the best record of the year. From January to July, the cumulative sales reached 630000 vehicles, a year-on-year increase of 31.6%, leading Chinese automobile companies. Among them, MG sold 135000 vehicles overseas in the first seven months, a year-on-year increase of 148%, and ranked among the top in new car sales in developed country markets such as the UK, Germany, France, Italy, Spain, Sweden, Ireland, etc.

　　With the wave of new energy sweeping the world, the newly emerged "Top Four" have accelerated their layout in overseas markets. Taking Great Wall Motors as an example, it is currently accelerating the implementation of its "ecological sailing" model in Latin America, the Middle East, Central Asia, and other regions.

　　Thanks to this, the export volume of the "Top Four" shows a high-speed growth trend. Data shows that in July, the overseas sales of Great Wall, Geely, Chang'an, and BYD were 27007 vehicles, 20482 vehicles, 20145 vehicles, and 18169 vehicles respectively; The cumulative sales in the first seven months were 150937 vehicles, 141667 vehicles, 136363 vehicles, and 92458 vehicles, respectively.