汽车行业周报：特斯拉新车型及FSD持续推进，继续关注T链、华为链公司

Investment Rating - The report maintains a neutral rating for the automotive and parts industry in China [4] Core Insights - The China Passenger Car Association estimates that retail sales of narrow passenger cars in October will be approximately 2.2 million units, representing a year-on-year increase of 8.2% and a month-on-month increase of 4.3%. Retail sales of new energy passenger cars are expected to reach about 1.15 million units, with a year-on-year growth of 49.9% and a month-on-month growth of 2.4%, leading to a new energy penetration rate of approximately 52.3% [9][21] - Several automotive companies reported strong Q3 performance, with Xingyu Co., Ltd. and Shanghai Yanpu showing significant revenue and profit growth despite a decline in overall passenger car sales [10] - Tesla's Q3 earnings and gross margin exceeded expectations, with plans for new models and advancements in Full Self-Driving (FSD) technology. Tesla's Q3 revenue was $25.182 billion, a year-on-year increase of 8%, and net profit was $2.167 billion, a year-on-year increase of 17% [11] Summary by Sections Market Performance - The automotive sector's performance outpaced the broader market, with a 1.3% increase compared to the CSI 300's 1.0%. The auto parts sector performed particularly well, with a 2.33% increase [15] Sales Tracking - For the period of October 1-20, the wholesale sales of narrow passenger cars reached 1.336 million units, a year-on-year increase of 25% [21] - Cumulative wholesale sales for the year reached 19.78 million units, reflecting a year-on-year growth of 5% [21] Investment Recommendations - The report suggests focusing on companies such as BYD, Jianghuai Automobile, Changan Automobile, and others within the automotive and parts sectors, particularly those with strong earnings visibility [12][13]