汽车与零配件行业周报：小米SU7Ultra量产版开启预售，四季度国内公路物流预期景气度不弱

Investment Rating - The investment rating for the automotive and parts industry is "Outperform the Market" [1] Core Views - The automotive industry has shown mixed performance recently, with the overall automotive index slightly declining while the commercial vehicle index increased by 3% [2][5] - Retail sales of passenger vehicles from October 1 to 27 reached 1.812 million units, a year-on-year increase of 9% and a month-on-month increase of 2% [16] - The new energy vehicle market saw retail sales of 946,000 units during the same period, representing a year-on-year growth of 49% [16] Summary by Sections 1. Automotive Industry Weekly Review - The automotive index slightly declined by 1% over the past month, while the commercial vehicle index increased by 9% [5][6] - Year-to-date, the automotive index has risen by 11%, with the commercial vehicle index showing a significant increase of 55% [6][7] 2. Key Stocks in the Automotive Industry - Notable stocks with significant gains over the past month include Yue Ling Co., Lifan Technology, and Jianghuai Automobile [9][10] - Stocks that experienced notable declines include Kabeiyi and Ningbo Fangzheng [13] 3. Commercial Vehicle Sales - In October, approximately 62,000 heavy trucks were sold, reflecting a 7% increase from September but a 24% decrease year-on-year [22] - The new energy heavy truck segment is expected to see sales double compared to previous figures [22] 4. Logistics Industry Outlook - The logistics sector is expected to maintain a stable outlook, with 51.4% of logistics companies anticipating steady business volume in the fourth quarter [21] - The logistics price index showed a slight increase, indicating potential improvements in profitability for domestic transport companies [15] 5. Investment Strategies and Recommendations - The report recommends focusing on companies with strong capabilities in autonomous driving and those involved in domestic substitution in parts manufacturing, such as Xiaopeng Motors and BYD [26] - Companies that can navigate new challenges in overseas markets, like Weichai Power and Yutong Bus, are also highlighted as promising [26]