汽车行业定期报告：广州车展前瞻，优质供给加速

Investment Rating - The report maintains an "Outperform" rating for the automotive industry [2] Core Insights - The upcoming Guangzhou International Auto Show from November 15 to 24, 2024, is expected to showcase a record number of vehicles, including 78 global debuts and 512 new energy vehicles, indicating a strong focus on electrification and intelligence in the automotive sector [1][9] - The automotive industry is experiencing a boost in quality supply, which is likely to sustain the industry's growth momentum [1][10] - The automotive sector outperformed the Shanghai and Shenzhen 300 Index by 1.8 percentage points during the week of November 4 to 8, 2024, with a weekly increase of 7.3% [34] Market Performance - For the week of November 4 to 8, 2024, the automotive sector increased by 7.3%, while the Shanghai and Shenzhen 300 Index rose by 5.5%, placing the automotive sector 8th among 31 sectors in terms of performance [34] - Year-to-date, the automotive sector has risen by 19.5%, ranking 7th among the 31 sectors [34] - Sub-sectors such as passenger vehicles, commercial cargo vehicles, and automotive services saw increases of 6.5%, 9.5%, and 10.2% respectively during the same week [36] Key Industry Data - In October 2023, retail sales of passenger vehicles reached 2.361 million units, a year-on-year increase of 16% and a month-on-month increase of 12% [41] - New energy passenger vehicle retail sales were 1.284 million units in October, marking a 67% year-on-year increase and a 14% month-on-month increase [41] - Wholesale sales of passenger vehicles in October totaled 2.774 million units, up 13% year-on-year and 11% month-on-month [41] Notable New Vehicles - The report highlights several key new vehicle launches expected at the Guangzhou Auto Show, including: - The "Zun Jie" sedan, a high-end brand from Huawei and JAC Motors, expected to compete with luxury brands like BMW and Mercedes [13][20] - BYD's "Xia" MPV, featuring advanced hybrid technology and a competitive price range [15] - The "Fang Cheng Bao Bao 8" SUV, which will offer a high-performance hybrid system and advanced driving features [17] - The "Tengshi N9" luxury SUV, equipped with a powerful hybrid system and advanced suspension technology [18] - The "Yun Wang U7," a high-performance electric sedan with cutting-edge autonomous driving capabilities [22]