汽车行业周报：10月汽车销量同比+8.2%，年底抢装逐渐显现

Investment Rating - The report maintains a positive investment rating for the automotive industry, recommending specific companies for investment [3]. Core Insights - In October, retail sales of passenger vehicles reached 1.264 million units, a year-on-year increase of 16%, while wholesale sales were 1.336 million units, up 25% year-on-year [10][11]. - The new energy vehicle (NEV) market saw retail sales of 609,000 units, a 45% increase year-on-year, with wholesale sales reaching 679,000 units, up 51% year-on-year [10][11]. - The implementation of local vehicle replacement subsidy policies has significantly boosted automotive consumption, with over 1.57 million applications for scrapping subsidies by October 24 [10][11]. - The report forecasts that the narrow passenger vehicle retail market in October will be around 2.2 million units, reflecting an 8.2% year-on-year increase [10][11]. - The penetration rate of new energy vehicles is expected to reach approximately 52.3% in October, driven by new product launches and technological advancements [11]. Summary by Sections Weekly Update - The automotive sector's performance is highlighted, with a weekly increase of 3.61%, ranking 13th among 30 sectors [12][19]. - The best-performing sub-sectors include sales and services, motorcycles and others, and components, with respective weekly increases of 11.08%, 7.72%, and 4.55% [12][19]. Investment Recommendations - Recommended companies for complete vehicles include GAC Group, BYD, Changan Automobile, and Great Wall Motors [12]. - For intelligent components, recommended companies include Huayu Automotive, Bertel, Desay SV, and others [12]. Industry News - XPeng Motors has officially entered the UAE market, marking a significant milestone in its international expansion [29]. - Pony.ai has established a European R&D center in Luxembourg to promote autonomous vehicle technology [29]. - BYD and OPPO have formed a strategic partnership to explore integration between mobile phones and vehicles [34]. - The Ministry of Industry and Information Technology is implementing measures to expand automotive consumption and promote electric vehicle adoption [35].