汽车行业研究周报：新车密集发布，智能化加速

Investment Rating - The report maintains an "Overweight" rating for the automotive industry, indicating a positive outlook for the sector over the next six months [4]. Core Insights - The automotive industry is experiencing a rebound due to economic normalization and supportive policies, with expectations for sustained growth in production and sales [12]. - The launch of new models, such as the Tengshi Z9GT, highlights the industry's shift towards smart and electric vehicles, showcasing advanced technologies and features [9][10]. - Key players in the industry include BYD, Changan Automobile, Geely, and Li Auto, which are recognized for their first-mover advantages in the new energy sector [12]. Summary by Sections Weekly Highlights - The Tengshi Z9GT was launched on September 20, featuring advanced technologies like the "Easy Three-way" control system and a high-performance smart cockpit [9][10]. - Other models like the Leda L60 and Lantu Dreamer also emphasize smart driving and cockpit configurations, indicating a trend towards enhanced consumer experiences [9][10]. Investment Strategy and Focus - The report suggests focusing on undervalued leading companies in the automotive sector, particularly those benefiting from performance improvements and the transition to electric and smart vehicles [3][12]. - Recommended stocks include BYD, Li Auto, Top Group, Desay SV, and Shangsheng Electronics, each allocated a weight of 20% in the investment focus [3][13]. Market Review - The automotive sector saw a weekly increase of 2.19%, outperforming the Shanghai Composite Index and other major indices [4][14]. - The report highlights the performance of various sub-sectors, with automotive services and parts showing notable gains [14].