电动车行业跟踪报告：2024年10月欧洲新能源汽车市场销量降温，英国销量环比大幅下滑

Investment Rating - The report maintains a "Recommendation" rating for the electric vehicle industry, indicating an expected increase in the industry index exceeding the benchmark index by more than 5% in the next 3-6 months [1][16]. Core Insights - In October 2024, the European new energy vehicle market experienced a significant decline, with sales dropping by 20% month-on-month and 4% year-on-year. Cumulative sales showed a 5% decrease compared to the previous year [1]. - The total passenger car sales in the top 10 European countries amounted to 796,029 units in October, reflecting a 2% year-on-year decrease and a 12% month-on-month decrease. New energy vehicle sales totaled 184,220 units, with a penetration rate of 23.1% [1]. - The report highlights that the decline in sales is primarily driven by significant drops in the UK and France, with the UK experiencing a 46% month-on-month decrease in new energy vehicle sales [1]. Summary by Relevant Sections Sales Performance - October 2024 saw a total of 184,220 new energy vehicles sold in Europe, with a breakdown of 118,010 pure electric vehicles (BEV) and 66,210 plug-in hybrid electric vehicles (PHEV) [1]. - The cumulative penetration rate for new energy vehicles in Europe reached 21.4%, down 1.3 percentage points year-on-year [1]. Country-Specific Insights - Germany: New energy vehicle sales reached 54,828 units, with a month-on-month increase of 11% [1]. - France: Sales totaled 31,791 units, reflecting a 21% year-on-year decrease [1]. - UK: New energy vehicle sales were 43,634 units, with a notable 46% month-on-month decline [1]. - Norway: Sales increased by 35% year-on-year, with a penetration rate of 95.6% [1]. - Italy: Sales decreased by 19% year-on-year, totaling 9,430 units [1]. - Sweden: Experienced a 42% year-on-year decline in new energy vehicle sales [1]. - Spain: Sales were stable with a slight 1% year-on-year decrease [1]. - Switzerland: Sales decreased by 19% year-on-year, totaling 5,327 units [1]. - Portugal: Sales increased by 24% year-on-year, totaling 6,260 units [1]. - Finland: Sales decreased by 15% year-on-year, totaling 3,222 units [1]. Investment Recommendations - The report suggests focusing on the battery supply chain, particularly on companies like CATL, which is a leading player in the power battery sector [1].