汽车行业周报（2024.11.4-2024.11.8）：特朗普再次当选，特斯拉产业链预期修正

Investment Rating - The report maintains an "Overweight" rating for the automotive industry, consistent with the previous rating [2][4]. Core Insights - The re-election of Trump is expected to positively influence Tesla's policy environment, potentially benefiting its supply chain and autonomous driving initiatives [3][4]. - Tesla's Q3 2024 performance exceeded expectations, indicating a gradual recovery in profitability, with Full Self-Driving (FSD) technology advancing in both the U.S. and China [3][4]. - The market's risk appetite remains high, with a focus on high-risk sectors such as smart driving and robotics within the automotive sector [3][4]. Summary by Sections Investment Recommendations - Recommended automotive companies include Jianghuai Automobile, BYD, Changan Automobile, Great Wall Motors, and Li Auto, with beneficiary stocks such as Seres, Xiaopeng Motors, and Geely [3][4]. - For Tesla's supply chain, recommended stocks include Top Group, Shuanghuan Transmission, Rongtai Co., Wuxi Zhenhua, New Spring Co., and Yinlun Co., with beneficiaries like Shiyun Circuit and Sanhua Intelligent Control [3][4]. - In the smart technology sector, recommended stocks are Xingyu Co., Kobot, Desay SV, Huayang Group, Huayi Technology, and Baolong Technology [3][4]. - For the high-growth new energy sector, recommended stocks include Ruihu Mould, Huguang Co., Songyuan Co., and Aikedi [3][4]. Performance Expectations - Tesla's production and sales volume is projected to grow by 20-30% in 2025, which is expected to drive steady growth in the supply chain's performance [3][4]. - FSD technology is continuously iterating, with significant mileage achieved, and plans for a full autonomous driving service rollout in Texas and California by 2025 [3][4].