汽车与零部件行业周报：9月中国品牌对欧盟出口量高增，中国新能源车厂加速海外布局

Investment Rating - The industry investment rating is "Overweight (Maintain)" [3] Core Viewpoints - The automotive market in October is expected to continue its warming trend, with significant increases in vehicle replacement subsidies and consumer interest [5][6] - The export volume of Chinese electric vehicles to the EU has seen a substantial increase, driven by the impending tariff implementation [6][7] - The report highlights the strong performance of new energy vehicles, with retail sales expected to reach approximately 1.15 million units in October, reflecting a year-on-year increase of 8.2% [6][16] Market Review - The automotive sector experienced a weekly increase of 3.51%, outperforming the Shanghai Composite Index, which rose by 0.79% [4][13] - The best-performing sub-sectors included motorcycles and others (+12.05%) and automotive services (+7.33%) [4][13] - The top five companies in terms of stock price increase were Tongxin Transmission (+45.58%), Lifan Technology (+37.37%), and Yueling Co. (+33.06%) [4][15] Industry Data Tracking Weekly Automotive Retail/Wholesale Volume - From October 1 to 20, retail sales of passenger vehicles reached 1.264 million units, with a year-on-year increase of 16% [16] - New energy vehicle retail sales during the same period were 609,000 units, reflecting a year-on-year increase of 45% [16] Raw Material Prices - As of October 25, 2024, the prices for hot-rolled steel, aluminum ingots, magnesium ingots, and other materials showed slight fluctuations, with hot-rolled steel priced at 3,490 yuan per ton [18] Recent Industry/Key Company Dynamics - The Canadian government has allowed companies to apply for exemptions on tariffs for electric vehicles and steel products from China [21] - The U.S. is finalizing a $1.7 billion subsidy for electric vehicle transformation [21] - The Ministry of Industry and Information Technology of China is implementing measures to expand automotive consumption, including new electric vehicle trials [21][22] Recent New Vehicle Launches - New models launched include Changan Automobile's Deep Blue S05 and Geely's Zeekr MIX, with prices ranging from 11.99 to 29.99 million yuan [26] Investment Recommendations - Recommended stocks for the automotive sector include Changan Automobile, BYD, Great Wall Motors, and Jianghuai Automobile, focusing on hybrid and overseas markets [27]