汽车ETF（516110）涨超1%，政策与技术双轮驱动行业前景

Core Viewpoint - The introduction of the new automotive anti-involution policy is expected to correct pricing irregularities in the industry, as outlined in the draft guidelines released by the National Market Supervision Administration on December 12, 2025 [1] Group 1: Policy Impact - The "Automotive Industry Pricing Behavior Compliance Guidelines (Draft for Comments)" aims to regulate pricing behaviors from production, sales, and institutional aspects, specifically prohibiting practices that lead to factory prices below production costs and the use of misleading information regarding sales prices [1] - Major automotive companies such as BYD, BAIC Group, and Xpeng Motors have expressed their support for the new guidelines, indicating a positive industry response [1] - The guidelines are part of a broader effort since early 2025 to combat unreasonable and illegal competition in the automotive sector, potentially leading to a marginal recovery in profit margins across various segments from parts suppliers to manufacturers and dealers [1] Group 2: Market Index - The automotive ETF (516110) tracks the 800 Automotive Index (H30015), which focuses on the Chinese automotive industry by selecting listed companies involved in vehicle manufacturing, parts supply, and related services [1] - This index covers both new energy vehicles and traditional fuel vehicles, reflecting the overall performance of publicly traded companies in the automotive sector while demonstrating industry representation and market sensitivity [1]