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新势力9月销量点评：小鹏、零跑等车企交付量创历史新高，MONA03等新车型有望进一步提振车企销量
Huaxin Securities·2024-10-17 02:03

Investment Rating - The report maintains a "Buy" rating for the automotive industry, highlighting a positive outlook for companies involved in electric vehicles and related technologies [3][7]. Core Insights - In September, the top ten new energy vehicle manufacturers delivered a total of 237,200 units, marking a year-on-year increase of 42.2% and a month-on-month increase of 12.6%, setting a historical high [13]. - Companies such as NIO, Xpeng, Li Auto, and Xiaomi have shown significant growth in delivery volumes, with Xpeng's MONA 03 model achieving over 10,000 units in its first month [16][19]. - The report emphasizes the strong performance of various manufacturers, including a notable increase in deliveries for Li Auto, which reached 53,709 units in September, a year-on-year increase of 48.9% [21]. Summary by Sections 1. Monthly Delivery Performance - NIO delivered 21,181 units in September, a year-on-year increase of 35.4% and a month-on-month increase of 5.0% [16]. - Xpeng delivered 21,352 units, with a year-on-year increase of 39.5% and a month-on-month increase of 52.1% [18]. - Li Auto's deliveries reached 53,709 units, marking a historical high and a significant market share in the new energy vehicle sector [21]. - Xiaomi surpassed 10,000 units in September and aims to reach 20,000 units in October [23]. 2. Performance of Other Manufacturers - Hongmeng Zhixing delivered 39,931 units in September, with a year-on-year increase of 460.4% [24]. - Zeekr achieved 21,333 units, a year-on-year increase of 77.0% [32]. - Leap Motor delivered 33,767 units, marking a historical high with a year-on-year increase of 113.7% [34]. - Nezha delivered 10,118 units, maintaining a steady performance despite a year-on-year decrease of 23.4% [36]. - GAC Aion delivered 35,780 units, showing stable performance despite a year-on-year decrease of 30.7% [39]. 3. Recommended Stocks - The report recommends focusing on companies with deep collaborations with Huawei, such as Seres and JAC Motors [42]. - It highlights growth opportunities in automotive components, particularly in lightweight materials and smart automotive technologies [42].