汽车ETF（516110）涨超0.8%，市场关注产业新方向与政策托底效应

Core Viewpoint - The introduction of the new automotive anti-involution policy is expected to correct price irregularities in the industry, enhancing profitability across the automotive supply chain [1] Group 1: Policy Impact - The National Market Supervision Administration released the "Guidelines for Compliance with Price Behavior in the Automotive Industry (Draft for Comments)" on December 12, 2025, which aims to regulate pricing behaviors from production to sales and institutional development [1] - The policy specifically prohibits practices such as setting factory prices below production costs and false sales pricing [1] - Major automotive companies like BYD, BAIC Group, and Xpeng Motors have actively responded to this policy, indicating industry-wide support [1] Group 2: Market Trends - As of November, the retail penetration rate of new energy passenger vehicles reached 59.4%, an increase of 6.99 percentage points year-on-year [1] - The penetration rate of L2.5 and above intelligent driving systems stands at 33%, reflecting a continuous strengthening of the trend towards vehicle intelligence [1] Group 3: Investment Insights - The automotive ETF (516110) tracks the 800 Automotive Index (H30015), which selects listed company securities involved in vehicle manufacturing, parts supply, and automotive services to reflect the overall performance of the automotive industry chain [1] - This index covers the entire automotive industry chain and exhibits high industry concentration and market representativeness [1]