智能汽车ETF（159889）涨超2.4%，行业技术迭代与竞争格局成焦点

Group 1 - The core focus of the article is on the performance of the PHEV market and the competitive landscape in the smart automotive sector, with an emphasis on the share performance of companies like BYD and Geely [1] - The article highlights that the overseas automotive companies are experiencing a decline in market share, which is accelerating the need for smart technology improvements to enhance product competitiveness [1] - The average selling price (ASP) of passenger vehicles in October has turned positive year-on-year, increasing by 2.9%, influenced by base effects and adjustments in trade-in policies in certain regions [1] Group 2 - The smart automotive ETF (159889) tracks the CS Smart Automotive Index (930721), which selects listed companies involved in smart driving and vehicle networking from the A-share market, covering the entire industry chain from hardware to software [1] - The industry configuration of the index focuses on sectors such as electronics, computers, and automobiles, aiming to reflect the overall performance of listed companies in the smart automotive industry chain [1] - Looking ahead to 2026, the core policy goal for the passenger vehicle industry is to enhance ASP and move out of deflation, with an expected year-on-year sales growth range of 5%-10% for passenger vehicles in 2025 [1]