汽车行业周观点（0805-0811）：重视汽零和人形机器人的左侧布局机会

Automotive Industry - Investment Rating: The automotive sector is rated as "Buy" for blue-chip or elastic stocks due to the current low valuation of auto parts [1][2] - Recent Market Performance: The automotive index fell by 3.23% this week, ranking 27th out of 31 sectors [1] - Sales Data: In July, retail sales of narrow passenger cars were 1.72 million units, down 2.8% year-on-year and 2.6% month-on-month; wholesale sales were 1.965 million units, down 4.9% year-on-year and 9.4% month-on-month [1] - Key Developments: The launch of the Enjoy S9 featuring Huawei's ADS 3.0 system saw over 4,800 pre-orders within 72 hours [1] - Investment Strategy: Focus on blue-chip stocks like BYD and elastic stocks such as Jianghuai Automobile and Li Auto, with specific recommendations for parts suppliers like Xinquan and Yinlun [2] Humanoid Robotics Industry - Investment Rating: The humanoid robotics sector maintains a "Strongly Outperforming the Market" rating [3] - Recent Market Performance: The Wind Robotics Index decreased by 3.29%, ranking 208th out of 308 sectors [3] - Product Development: Figure AI launched its second-generation robot, Figure 02, which is undergoing testing at BMW's Spartanburg plant [5] - Market Sentiment: The market remains cautious, with low risk appetite affecting the perception of initial capabilities of new robots [6] - Investment Strategy: Focus on core stocks such as Sanhua Intelligent Controls and Top Group, and sensor breakthroughs from Ampere and Keli Technology [7] Low-altitude Economy - Investment Rating: The low-altitude economy sector is currently rated as "Market Following" [8] - Recent Market Performance: The Wind Low-altitude Economy Index fell by 6.45% this week [8] - Policy Developments: Multiple regional governments have announced plans to enhance low-altitude infrastructure, including a total investment of 10 billion yuan for a new project in Zhuhai [8] - Market Sentiment: Despite positive policy announcements, the market's reaction has been muted, indicating a need for further catalysts [9] - Investment Strategy: Caution is advised in the short term, with a focus on core stocks like Wan Feng Ao Wei and Zong Shen Power [9]