Investment Rating - The report maintains a "Recommended" rating for the automotive industry [1] Core Views - The automotive sector is expected to benefit from policy support and a series of new vehicle launches, leading to an optimistic outlook for retail sales in the coming months [13] - The report highlights the successful pre-sale of the Geely Galaxy Starship 7 EM-i and the strong initial orders for the Xiaopeng P7+, indicating robust consumer interest [10][11] Summary by Sections Recent Developments - Geely Galaxy Starship 7 EM-i has commenced pre-sales with a price range of 109,800 to 142,800 yuan, featuring advanced hybrid technology and a fuel efficiency of 3.75L/100km [10] - Xiaopeng P7+ was officially launched with a starting price of 186,800 yuan, achieving over 31,528 orders on the first day [11] Market Performance - From November 4 to November 8, the automotive sector outperformed the Shanghai Composite Index, with the automotive index rising by 7.3% compared to the index's 5.5% increase [14] - The report notes significant weekly trading volume increases in the automotive sector [14] Recommendations - For passenger vehicles, the report suggests focusing on companies within the Huawei ecosystem and other emerging brands like Xiaopeng, Geely, and BYD, which are expected to benefit from the improving market conditions [13] - In the parts sector, recommended companies include Xingyu Co., Ruigu Mould, and Fuyao Glass, among others [13] - For commercial vehicles, the report highlights Yutong Bus and China National Heavy Duty Truck Group as key players to watch [13]
汽车行业周报:吉利星舰7开启预售,小鹏P7+定价订单超预期
Guohai Securities·2024-11-11 00:25