汽车行业动态研究报告：新势力10月销量点评：小鹏、零跑等多家车企交付量创历史新高，汽车消费有望维持高景气度

Investment Rating - The report maintains a "Buy" rating for the automotive industry, highlighting a positive outlook for companies such as Xiaopeng, Seres, and Jianghuai Automobile [4][29]. Core Insights - The report emphasizes that several new energy vehicle manufacturers, including Xiaopeng and Li Auto, have achieved record monthly delivery volumes, indicating sustained high demand in the automotive market [1][3]. - Notable delivery figures for October include: NIO with 20,976 units (up 30.5% year-on-year), Xiaopeng with 23,917 units (up 19.6% year-on-year), and Li Auto leading with 51,443 units (up 27.3% year-on-year) [10][12][14]. - The report also highlights the strong performance of Huawei's automotive partners, particularly in the context of increasing sales and market share [3][4]. Summary by Sections Section 1: Monthly Delivery Performance - NIO delivered 20,976 vehicles in October, marking a 30.5% increase year-on-year and maintaining over 20,000 deliveries for six consecutive months [10]. - Xiaopeng achieved 23,917 deliveries, a 19.6% year-on-year increase, with the MONA M03 model contributing significantly to this growth [12]. - Li Auto maintained its position as the top new energy vehicle manufacturer with 51,443 deliveries, despite a slight month-on-month decrease [14]. - Xiaomi's deliveries surpassed 20,000 units for the first time, with expectations to meet its annual target of 100,000 units ahead of schedule [17]. Section 2: Other Notable Performers - Hongmeng Zhixing delivered 41,643 vehicles in October, a remarkable 227.9% increase year-on-year, with the Wanjie M9 model achieving significant sales milestones [19]. - Zeekr and Leap Motor also reported record monthly deliveries, with Zeekr at 25,049 units (up 91.6% year-on-year) and Leap Motor at 38,177 units (up 109.7% year-on-year) [22][24]. - GAC Aion maintained stable performance with 40,052 deliveries, reflecting a slight year-on-year decrease of 3.5% but an 11.9% increase month-on-month [26]. Section 3: Recommended Stocks - The report recommends focusing on companies with deep collaborations with Huawei, such as Seres and Jianghuai Automobile, as well as key players in the automotive parts sector [4][29]. - Specific growth areas highlighted include lightweight components, interior and exterior parts, and smart automotive technologies, with companies like Wencan, Meilixin, and Huayang Group being of particular interest [4][29].