汽车行业周报：华为第四界确认，小米汽车2024年争取交付12万辆，UniXAI发布消费级全尺寸机器人WANDA

Investment Rating - The report maintains a "Buy" rating for the automotive industry, particularly focusing on companies that have deep collaborations with Huawei, such as Seres, JAC Motors, and BAIC Blue Valley [7][22]. Core Insights - The automotive industry is experiencing a shift towards electric and intelligent vehicles, with domestic brands gaining market share. The success of models like the AITO M9 and Xiaomi SU7 is boosting consumer confidence in Chinese brands [5][22]. - The report highlights the launch of high-end models, such as Huawei's luxury car brand "Zun Jie," which aims to compete with ultra-luxury brands like Maybach and Rolls-Royce [2][5]. - Xiaomi aims to deliver 120,000 units of its SU7 model in 2024, with significant pre-order success indicating strong market interest [2][3]. Market Performance - The CITIC Automotive Index fell by 2.1%, underperforming the broader market by 4.0 percentage points, with passenger vehicles down 0.4% and commercial vehicles down 1.5% [13][15]. - The average price-to-earnings (PE) ratio for the automotive industry is 26.3, while the price-to-book (PB) ratio is 2.2, indicating a relatively high valuation compared to historical levels [16][22]. Industry Data Tracking - In July, the average daily wholesale of passenger vehicles decreased by 26% year-on-year, with a total of 1.22 million units sold in the first half of the year, reflecting a 5% increase compared to the previous year [19][20]. - The report notes that the automotive market is entering a phase of adjustment, with companies optimizing market expectations and product structures following a strong promotional period in the first half of the year [19][20]. Investment Strategy - The report suggests focusing on companies in the automotive sector that are well-positioned for growth, particularly those involved in lightweight materials, interior and exterior components, and intelligent automotive technologies [22]. - Specific companies recommended for investment include Seres, JAC Motors, and various suppliers in the automotive parts sector, such as New Spring and Dai Mei [22][23].