汽车行业一周一刻钟，大事快评（W081）：比亚迪、吉利智能化；小鹏汽车P7+上市

Investment Rating - The industry investment rating is "Overweight," indicating a positive outlook for the automotive sector relative to the overall market performance [15]. Core Insights - The theme of "intelligent equity" led by BYD is expected to significantly influence consumer purchasing decisions in the automotive industry next year, with plans to standardize high-level intelligent configurations in models priced above 100,000 yuan [2][6]. - BYD's strategic move is anticipated to not only benefit itself but also its supply chain partners, including BYD Electronics and various key players in the intelligent technology sector [2][6]. - Geely is showcasing a complex and diversified layout in intelligent configurations, with a focus on the 100,000 to 200,000 yuan price range, indicating a potential for rapid market response and competitive advantage [3][7]. - The launch of the XPeng P7+ is highlighted by its competitive pricing and strong market reception, with pre-sale orders exceeding 30,000 units, showcasing its appeal in the higher price segment [8][9]. Summary by Sections 1. BYD and Geely's Intelligentization - BYD's "intelligent equity" strategy is set to enhance the penetration rate of high-level intelligent features, projected to rise from 10% to 30% next year, positively impacting revenue and valuation for companies in the intelligent sector [6][2]. - Geely's intelligent configuration strategy is evolving, with a focus on enhancing its offerings in the mid-to-low-end market, maintaining a competitive edge in the short term [3][7]. 2. XPeng P7+ Launch - The XPeng P7+ has a pre-sale price of 205,800 yuan, with an actual starting price of 186,800 yuan, offering strong value propositions with a range of 602 to 710 kilometers [8][9]. - The P7+ utilizes a pure vision solution, significantly reducing its BOM costs, and future self-developed chips are expected to further decrease costs, aligning with the trend of "intelligent equity" [4][9]. - The successful launch of the P7+ marks a pivotal moment for XPeng, with expectations for improved profitability and increased sales from upcoming models, including range-extended versions [9][10]. 3. Investment Recommendations - The report suggests focusing on leading domestic manufacturers like BYD, XPeng, and Geely, as well as component suppliers with strong growth potential [5][10]. - Key players in the intelligent technology sector, such as Horizon Robotics and Desay SV, are also recommended for investment consideration due to their strategic importance in the evolving automotive landscape [5][10].