Jingu financial news | New energy vehicle companies in the sector generally rose. As of press time, Xpeng (09868) rose by 8.14%, Nio (09866) rose by 7.82%, Li Auto Inc (02015) rose by 5.92%, and Leap Motor (09863), Geely Auto (00175) followed the trend.
In terms of news, China Passenger Car Association data shows that in June, the new energy vehicle market for passenger cars sold 864,000 vehicles, a year-on-year increase of 30% and a month-on-month increase of 6%. From the beginning of the year to June, the cumulative retail sales of new energy passenger vehicles reached 4.119 million units, an increase of 33% year-on-year; the national new energy passenger car manufacturers wholesale 975,000 units in June, a year-on-year increase of 28% and a month-on-month increase of 8%. From the beginning of the year to June, cumulative wholesale of 4.612 million units, an increase of 30% year-on-year.
The Ministry of Industry and Information Technology and other five departments announced the list of pilot cities for the application of "Vehicle-Road Cloud Integration" for smart connected vehicles. The pilot cities include Beijing, Shanghai, Chongqing, Inner Mongolia Erdos Resources, Shenyang, Changchun, Nanjing, Suzhou, Wuxi, Hangzhou-Tongxiang-Deqing United Front, Hefei, Fuzhou, Jinan, Wuhan, Shiyan, Changsha, Guangzhou and Shenzhen, Haikou-Sanya-Qionghai United Front, and Chengdu City, a total of 20 cities.
Orient Securities pointed out that the construction of the vehicle-road-cloud integration project can not only promote the commercialization of autonomous driving but also empower multiple aspects such as smart transportation and safe travel, and has become a direction that the Chinese government firmly supports and focuses on. The initial construction and long-term operation of the vehicle-road-cloud integration involves a wide range of fields, and multiple intelligent transportation-related companies related to roadside, vehicle, cloud, and road smart operation are expected to benefit.