汽车与零部件行业周报：全国汽车报废更新补贴申请超过113万份，新能源车企9月销量亮眼

Investment Rating - The industry investment rating is maintained at "Overweight" [3][34][35] Core Insights - The report highlights a significant increase in the number of applications for the vehicle scrappage and replacement subsidy, exceeding 1.13 million applications as of September 25, 2024, indicating a strong growth trend in the automotive sector [5][25] - New energy vehicle sales in September were impressive, with Li Auto selling over 53,000 units, a year-on-year increase of 49%, and a month-on-month increase of 12% [5][6] - The European Union has voted to impose a high tariff of up to 45% on electric vehicles imported from China, effective from next month for a duration of five years, which may impact the competitive landscape [5][6] Summary by Sections 1. Market Review - From September 23 to September 30, the Shanghai Composite Index rose by 25.52%, while the automotive sector increased by 21.08%, ranking 25th among 31 sectors [11][13] - The top five companies in terms of stock price increase were JunChuang Technology (+88.42%), HuaYang Transmission (+67.16%), GuangTing Information (+61.08%), ShuangLin Co. (+56.88%), and HengShuai Co. (+51.02%) [13][15] 2. Industry Data Tracking 2.1 Weekly Production and Sales Data - Retail sales of passenger vehicles from September 1 to 22 reached 1.243 million units, a 10% year-on-year increase [17] - Retail sales of new energy vehicles during the same period were 664,000 units, a 47% year-on-year increase [17] 2.2 Raw Material Prices - As of September 30, 2024, domestic prices for hot-rolled steel, aluminum ingots, magnesium ingots, and natural gas were 3,650, 20,190, 19,530, and 5,058 CNY per ton, respectively [19] 3. Recent Industry/Key Company Dynamics 3.1 Recent Industry Developments - The Chinese government has received over 1.13 million applications for the vehicle scrappage subsidy, reflecting a robust demand for new vehicles [5][25] - France supports the EU's plan to impose tariffs on Chinese electric vehicles, while Germany and Hungary oppose it [24] 3.2 Recent Key Company Developments - BMW China denied any adjustments to suggested retail prices, while Mercedes-Benz plans to expand technical cooperation with Chinese companies [26][27] 4. New Car News - New models launched include Changan's Shenlan L07, Geely's Zeekr 7X, BYD's Tengshi Z9 GT, Chery's Zhijie R7, and Avita's Avita 07, with prices ranging from 15.19 to 41.48 CNY [29] 5. Investment Recommendations - For passenger vehicles, focus on companies like BYD, Great Wall Motors, and Changan Automobile that are expanding in hybrid and overseas markets [30] - For components, consider companies involved in electric and intelligent vehicle technologies such as YinLun Holdings and BoTeLi [30]