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<Research>CLSA Expects BYD COMPANY to Maintain Current Sales Levels, GEELY AUTO/ LEAPMOTOR to Sustain Strong Product Cycles
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Automotive orders in China retreated across the board during the week ended July 13 compared to the previous week as automakers slowed distribution efforts in the last week of 2Q25, CLSA remarked in its report.

Specifically, the combined orders for the top three mass-market brands, BYD COMPANY (01211.HK), GEELY AUTO (00175.HK), and LEAPMOTOR (09863.HK), decreased by 1.8% compared to the previous week.

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Looking ahead, CLSA still believes that BYD COMPANY will maintain its current sales levels as it appears focused on "feature additions" and inventory clearance strategies, while GEELY AUTO and LEAPMOTOR's product cycles should remain strong.
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