汽车行业周报：车路云，从招标到中标

Investment Rating - The report maintains a "Positive" rating for the automotive industry [4][18]. Core Insights - Baidu and Four-dimensional Map Technology won the bid for the Beijing Vehicle-Road Cloud Integration Project, with a contract amount of 250 million yuan. The project includes the construction of various intelligent sensing devices and edge computing nodes [1][16]. - The Vehicle-Road Cloud Integration project in Beijing has a total investment of 9.9 billion yuan, covering over 90% of traffic lights in the city, with plans to deploy intelligent roadside systems across 580 intersections [4][9]. - The report emphasizes the synergy between Robotaxi and the Vehicle-Road Cloud policies, highlighting their overlapping operational areas as a continuous catalyst for growth [18]. Summary by Sections Industry Investment Rating - The automotive industry is rated as "Positive" [4][18]. Recent Industry Developments - Baidu and Four-dimensional Map Technology won the bid for the Beijing Advanced Autonomous Driving Demonstration Zone 3.0 project, with a total bid amount of 250 million yuan [1][16]. - The project will deploy intelligent roadside systems over a 175 square kilometer area in Tongzhou District, targeting 580 intersections [1][17]. - The second bid segment was awarded to Zhongxin Kezhilian Technology with a bid amount of 261 million yuan, focusing on similar intelligent infrastructure [8][17]. Key Companies and Recommendations - Key companies highlighted include Huawei, BYD, and various automotive manufacturers such as Changan Automobile and BAIC Blue Valley [18]. - The report suggests that BYD will benefit significantly from the old-for-new vehicle replacement policy [18]. Market Performance Overview - The automotive sector has seen a decline, with the automotive index dropping 3.23% in the week of August 5-11, 2024, underperforming compared to the Shanghai Composite Index [20][21]. - The report notes that the current valuation of the automotive sector is at a low point, with a PE ratio of 18.09, below the median level of 20.75 [27]. Recent Policy and Regulatory Updates - The report discusses the acceleration of Vehicle-Road Cloud integration projects across various cities, including significant investments in Wuhan and Changchun [4][9]. - New policies are being introduced to support electric vehicle charging and promote the integration of electric vehicles with the power grid [32][33].