汽车行业周动态：特斯拉举办“Robotaxi Day”活动，小鹏P7+正式首秀亮相

Investment Rating - The report maintains an "Overweight" rating for the automotive sector [3]. Core Insights - The automotive sector is expected to experience an upward trend, with recommendations to increase allocation in automotive stocks. The implementation of vehicle trade-in policies and new car launches in September are anticipated to boost retail sales [8][9]. - Tesla's "Robotaxi Day" showcased new products including the Cybercab and Robovan, which are expected to significantly reduce transportation costs and environmental impact. The Cybercab is projected to launch in 2026 at a cost below $30,000 [7][8]. - Xiaopeng's P7+ model was officially unveiled, featuring advanced AI driving capabilities and a comprehensive suite of sensors and chips, marking a step towards becoming a global AI automotive company [7][8]. Summary by Sections Weekly Dynamics - The automotive sector underperformed the market, with the automotive index declining by 4.6% from October 4 to October 11, 2024. The Shanghai Composite Index fell by 3.6% during the same period [9][11]. - The automotive sector's PE-TTM (not adjusted) stands at 26.6, with historical valuation percentiles indicating a relatively high valuation compared to the past year [11]. Stock Performance - Notable stock performances include: - GWM (Great Wall Motors) rated as "Buy" with a year-to-date increase of 18.3% [2]. - Fuyao Glass rated as "Buy" but has seen a year-to-date decline of 27.0% [2]. - The top gainers for the week included Jingu Co. (+12.0%) and Fulin Precision (+11.2%), while the biggest losers included Jinlong Automobile (-15.6%) and *ST Hengli (-13.2%) [16][17]. Important News and Announcements - Tesla's new product launches and Xiaopeng's P7+ reveal are significant developments in the automotive industry, indicating a shift towards more advanced and cost-effective electric vehicles [7][8]. - The report highlights the importance of government policies in stimulating the automotive market, particularly through trade-in incentives and support for new energy vehicles [8][9].