汽车与汽车零部件行业周报、月报：销量仍在预期区间，关注电动智能向前

Investment Rating - The report maintains a "Buy" rating for the automotive industry, indicating an expected stock price increase of over 15% compared to the benchmark index [43]. Core Insights - Wholesale sales of passenger vehicles in China increased by 6% year-on-year, with a total of 1,020.3 million units sold in the year to date, suggesting that the annual sales target remains achievable [2][18]. - The penetration rate of new energy vehicles (NEVs) reached nearly 50% in early June, indicating a strong growth trajectory for the NEV segment [4]. - Tesla is reportedly working on its "Master Plan Part 4," which may focus on autonomous driving, robotics, and artificial intelligence, aligning with the industry's shift towards smart and connected vehicles [4][35]. Summary by Sections 1. Market Overview - From June 1 to June 16, 2024, wholesale sales of passenger vehicles were 619,000 units, a 20% decrease year-on-year, but stable compared to the previous month [2][18]. - The cumulative retail sales for the year reached 870.7 million units, reflecting a 4% year-on-year increase [18]. 2. New Energy Vehicle Insights - Retail sales of new energy vehicles during the same period were 314,000 units, a 14% increase year-on-year, with cumulative sales of 3.569 million units, up 32% year-on-year [18]. - The wholesale of new energy vehicles reached 335,000 units, marking a 28% increase year-on-year [18]. 3. Industry Developments - The automotive industry is entering a new growth phase, with a focus on smart and connected vehicles, as highlighted by the advancements in Tesla's autonomous driving technology [3][4]. - The report emphasizes the importance of the "trade-in" policy for stimulating demand in the passenger vehicle market, particularly for NEVs and quality state-owned enterprises [5]. 4. Stock Performance - The automotive sector index rose by 0.34% during the week, outperforming the Shanghai Composite Index by 1.64 percentage points [11]. - Notable stock performances included increases of 13.5% for Seres and 9.7% for BAIC BluePark in the passenger vehicle segment [11][15]. 5. Key News Highlights - Lightyear Zhihang completed a significant financing round to enhance its smart driving solutions [25]. - The launch of the Lantu FREE 318, a range-extended hybrid vehicle, showcases the industry's shift towards more advanced vehicle technologies [26]. - A strategic cooperation agreement was signed between BAIC Group and CATL to enhance their collaboration in the new energy sector [28].