汽车与零部件行业周报：8月车市有望企稳回稳，欧委会披露最终反补贴税决定草案

Investment Rating - The industry investment rating is "Overweight (Maintain)" [3] Core Viewpoints - The automotive sector is expected to stabilize in August, driven by policy support and a more stable pricing system. The second round of the "old-for-new" policy is anticipated to release pent-up demand among consumers [6][9] - New energy vehicle (NEV) sales have shown strong performance, with retail sales of 490,000 units from August 1-18, representing a year-on-year increase of 58% [6][19] - The European Commission has proposed final anti-subsidy tax rates for Chinese electric vehicles, which may impact the export strategies of domestic automakers [7][28] Summary by Sections 1. Market Review - The automotive sector's performance from August 19-23 saw a decline of 2.18%, ranking 10th among 31 primary industries. The motorcycle and other segments performed best, while automotive services saw the largest decline [5][14] - The top five gainers in the industry included Xiangyang Bearing (+11.17%) and Aima Technology (+10.60%), while the top five losers included Dong'an Power (-17.70%) and Jun Chuang Technology (-17.22%) [5][18] 2. Industry Data Tracking 2.1 Weekly Average Retail/Wholesale Volume - Retail volume for passenger vehicles from August 1-18 was 907,000 units, with a year-on-year increase of 8% [19] - NEV retail sales during the same period reached 490,000 units, with a year-on-year increase of 58% [19] 2.2 Raw Material Prices - As of August 23, 2024, domestic prices for hot-rolled steel, aluminum ingots, magnesium ingots, and other materials showed slight fluctuations [21] 3. Recent Industry/Key Company Dynamics 3.1 Recent Industry Developments - The European Commission has disclosed the final anti-subsidy tax rates for Chinese electric vehicles, with rates for major companies like BYD at 17.0% and SAIC at 36.3% [7][28] - Hainan is advancing legislation to phase out fuel vehicles by 2030, promoting the development of new energy vehicles [29] 3.2 Recent Key Company Developments - Changan Automobile plans to acquire a 10% stake in Huawei's subsidiary for 11.5 billion yuan [33] - NIO has launched a "Power Partner Plan" to expand its battery swap network [34] 4. Recent New Vehicle Launches - New models launched include Chery's Kaiyi Kunlun and Denza's Z9GT, with various powertrain options and price ranges [38] 5. Investment Recommendations - Recommended stocks for the automotive sector include Changan Automobile, BYD, Great Wall Motors, and Jianghuai Automobile, focusing on hybrid and overseas markets [9][39] - For automotive parts, recommended stocks include Bertley and Baolong Technology for smart vehicle components, and Top Group and Aikodi for lightweight components [9][39]