汽车与零配件行业周报：小鹏AI科技日五大看点，新能源车市迎“银十”热潮

Investment Rating - The investment rating for the automotive and parts industry is "Outperform the Market" [1] Core Viewpoints - The automotive industry is experiencing a significant uptrend, with the automotive index rising by 7% in the past week and 9% over the past month. The new energy vehicle index also saw a 7% increase in the past week and 9% in the past month, indicating strong market performance [5][6] - In October, the 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%. The cumulative retail sales for the year reached 17.936 million units, up 4% year-on-year [13][22] - The new energy vehicle market saw retail sales of 1.284 million units in October, a year-on-year increase of 67% and a month-on-month increase of 14%, with cumulative sales for the year reaching 8.416 million units, up 41% year-on-year [13][22] Summary by Sections 1. Industry Performance - The automotive index has shown a year-to-date increase of 20%, while the new energy vehicle index has risen by 34%. The commercial vehicle index has surged by 65% this year [5][6] - Over the past quarter, the automotive index increased by 31%, and the commercial vehicle index rose by 39% [5][6] 2. Key Stocks - Notable stocks with significant gains over the past month include Shinhua Holdings (up 84%), Lifan Technology (up 83%), and Jinbei Automobile (up 71%) [10] - Stocks that experienced declines include Kabeiyi (down 17%) and Great Wall Motors (down 7%) [11] 3. New Energy Vehicle Market - BYD's sales in October reached approximately 502,600 units, a year-on-year increase of 66%, marking the first time monthly sales exceeded 500,000 units [22] - Other brands like Geely Galaxy and Li Auto also reported significant sales increases, with Geely's sales up over 83% [22] 4. Technological Advancements - XPeng Motors announced advancements in AI technology, including the launch of the "XPeng Kunpeng Super Electric System" and the introduction of AI chips and operating systems designed for AI vehicles [15][17] - The company is also entering the range-extended vehicle market and plans to showcase its flying car at the Zhuhai Airshow [19][23] 5. Investment Strategies - Recommendations include focusing on companies with strong AI capabilities and those involved in domestic substitution and industrial upgrades, such as XPeng Motors and BYD [26]