汽车行业定期报告：银十新能源车销量亮眼，欧盟对中国电动汽车征收反补贴税

Investment Rating - The industry is rated as "Outperform the Market" [3][47]. Core Insights - The report highlights strong sales performance in the new energy vehicle sector during October, driven by government incentives and promotional activities from dealers. BYD achieved over 500,000 units sold in October, with a year-to-date total of 3.25 million units, marking a 36.5% year-on-year increase [2][8]. - The European Union has imposed anti-subsidy tariffs on Chinese electric vehicles, which could impact the competitiveness of these vehicles in the European market. Tariffs range from 7.8% to 35.3% depending on the manufacturer [10][11]. - The automotive sector outperformed the broader market indices, with a year-to-date increase of 11.4%, ranking 7th among 31 sectors [12][14]. Summary by Sections Weekly Highlights - October saw a significant increase in new energy vehicle sales, with BYD leading the market. Other companies like Li Auto and Leap Motor also reported substantial growth in deliveries [8][9]. Market Performance - From October 28 to November 1, the automotive sector declined by 0.4%, while the CSI 300 index fell by 1.7%, indicating a relative outperformance of 1.3 percentage points [12][14]. - Year-to-date, the automotive sector has increased by 11.4%, placing it 7th among all sectors [12]. Key Industry Data - Retail sales of passenger vehicles from October 1-27 reached 1.812 million units, a 9% increase year-on-year. New energy vehicle retail sales were 946,000 units, up 49% year-on-year [21][22]. - Wholesale data for the same period showed 1.978 million passenger vehicles sold, a 4% increase year-on-year, while new energy vehicle wholesale sales reached 1.047 million units, up 45% year-on-year [21][22]. Industry News - The report mentions new policies from the National Administration and the Central Management Bureau to promote the use of new energy vehicles in government agencies [40]. - Geely has launched the new EM-i hybrid technology, which will debut in the Galaxy Starship 7 model [41]. - XPeng's flying car is set for its global debut on November 12 [42].