造车新势力销量点评：小鹏销量创新高，零跑B10亮相巴黎车展
Yong Xing Zheng Quan·2024-11-11 05:10

Investment Rating - The report maintains an "Overweight" rating for the automotive industry [4][6]. Core Insights - In October 2024, the sales figures for various new energy vehicle manufacturers were as follows: Aion 40,052, Xiaopeng 23,917, Li Auto 51,443, NIO 20,976, Leap Motor 38,177, Wenjie 33,921, and Zeekr 25,049. Year-on-year growth rates were 3.50%, +19.57%, +27.26%, +30.50%, +109.74%, +165.09%, and +91.55% respectively [2][8]. - Cumulative sales figures until October 2024 were Aion 267,016, Xiaopeng 122,478, Li Auto 393,257, NIO 170,257, Leap Motor 208,738, Wenjie 326,409, and Zeekr 167,922, with year-on-year growth rates of 31.97%, +20.73%, +38.16%, +35.05%, +95.03%, +528.81%, and +82.32% respectively [2][8]. Summary by Sections 1. Sales Tracking of New Energy Vehicle Manufacturers - In October 2024, the sales figures for Aion, Xiaopeng, Li Auto, NIO, Leap Motor, Wenjie, and Zeekr were 40,052, 23,917, 51,443, 20,976, 38,177, 33,921, and 25,049 units respectively, with year-on-year growth rates of 3.50%, +19.57%, +27.26%, +30.50%, +109.74%, +165.09%, and +91.55% [2][8]. - Cumulative sales until October 2024 were 267,016 for Aion, 122,478 for Xiaopeng, 393,257 for Li Auto, 170,257 for NIO, 208,738 for Leap Motor, 326,409 for Wenjie, and 167,922 for Zeekr, with year-on-year growth rates of 31.97%, +20.73%, +38.16%, +35.05%, +95.03%, +528.81%, and +82.32% respectively [2][8]. 2. Company Dynamics - Xiaopeng achieved a record high in monthly deliveries in October, with an 86% penetration rate of active users for its XNGP urban intelligent driving feature [3][12]. - Leap Motor unveiled its new B10 model at the Paris Auto Show, targeting global young users and expanding its international presence [3][13]. - NIO added 16,657 new intelligent driving users in October, bringing the total to 614,700, with significant growth in its intelligent driving capabilities [3][14]. 3. Investment Recommendations - The report suggests maintaining an "Overweight" rating for the automotive industry, focusing on companies that lead in smart technology and benefit from vehicle replacement policies, such as Xiaopeng, BYD, Xiaomi Group, and Leap Motor [4][14]. - For the components sector, the report recommends focusing on the electric and intelligent segments, highlighting companies like Huguang Co., Wuxi Zhenhua, Bojun Technology, Kebo Da, and Baolong Technology [4][14].