汽车行业跟踪：广州车展开幕，自主高端智能化持续加速

Investment Rating - The automotive industry investment rating is "Positive" [3] Core Insights - The Guangzhou Auto Show has commenced, showcasing 1,171 vehicles, including 512 new energy vehicles and 78 global debuts, with a focus on high-end intelligent vehicles [3][4] - The report highlights the acceleration of high-end and intelligent vehicle development, with brands like BYD and Xiaomi making significant advancements in smart driving technologies [3][4] - The report anticipates continued high demand for vehicles towards the end of the year, driven by the old-for-new vehicle policy and the upcoming peak consumption season [3][4] Summary by Sections Market Review - The automotive sector recorded a decline of 2.45% during the week, outperforming the CSI 300 index by 0.85 percentage points [12] - The passenger vehicle segment saw an increase of 0.55%, while commercial vehicles and auto parts segments declined by 2.21% and 4.55%, respectively [12] Industry News - Lotus launched the "Luyou" super hybrid technology, achieving over 1,100 km range and 5C fast charging capabilities [18] - China's annual production of new energy vehicles has surpassed 10 million units for the first time, marking a significant milestone [19] Key Company Announcements - BYD's sales in October reached 502,657 units, a year-on-year increase of 66.53% [23] - Geely Holdings optimized the equity structure of its brands Zeekr and Lynk & Co to enhance strategic collaboration [19] Data Tracking - The average daily retail sales of passenger vehicles in November 2024 are projected to be 56,700 units, reflecting a 29% year-on-year increase [24] - The average price of lithium carbonate increased by 4.38% week-on-week, while prices for cold-rolled steel and aluminum decreased [26] New Vehicle Launches - Several new models were launched, including the BYD Han EV and Mercedes-Benz EQ series, showcasing advancements in electric and hybrid technologies [38]