汽车行业跟踪：P7+开启小鹏新车周期，特朗普当选或利好特斯拉产业链

Investment Rating - The automotive industry investment rating is "Positive" [1] Core Insights - The launch of the new Xiaopeng P7+ marks the beginning of a new vehicle cycle for Xiaopeng, with cost reduction and efficiency improvements expected to drive upward momentum [1] - The election of Trump is seen as potentially beneficial for the Tesla supply chain, with expectations of positive impacts on autonomous driving regulations and electric vehicle penetration rates [1] - The automotive market remains robust, with significant growth in October driven by government policies promoting vehicle replacement and the "Golden Week" effect [1] - The report suggests that the automotive sector is likely to continue its high growth momentum towards the end of the year, with potential excess returns in the automotive sector [1] Summary by Sections Market Review - The automotive sector recorded a weekly increase of 7.88%, outperforming the CSI 300 index by 2.37 percentage points [5] - All sub-sectors showed growth, with the passenger vehicle sector up by 7.47% and the automotive parts sector up by 8.97% [5] Industry News - Audi's CEO announced that the first model from the Audi-SAIC project will be launched next summer, with plans for three electric models [11] - Nissan aims to shorten its vehicle development cycle to 30 months and deepen collaborations with other automakers [11] - The Ministry of Industry and Information Technology encourages mergers and acquisitions among quality new energy vehicle companies [13] Key Company Announcements - Zhongding Sealing Parts has become a supplier for two new platform projects with a major domestic brand, with a total project value of approximately 3.395 billion yuan [14] - Jiangsu Pacific Precision Forging announced a share repurchase plan [14] Sales Data - In October 2024, BYD sold 502,657 vehicles, a year-on-year increase of 66.53% [15] - New energy vehicle retail sales reached 119.6 million units in October, a year-on-year increase of 56.7% [1][15] New Vehicle Launches - The Xiaopeng P7+ was launched with a price range of 186,800 to 218,800 yuan, featuring advanced driving capabilities [22] - Other new models include the Chery iCAR 03T and the MG ES5, both set to launch in November [22] Recent Reports - The report discusses the shift towards end-to-end autonomous driving technology, emphasizing the importance of data and computing power in building competitive advantages [23][24][25]