汽车和汽车零部件行业周报：广州车展正式开幕，传统车企加速智能化布局

Investment Rating - The investment rating for the automotive and auto parts sector is "Buy (Maintain)" [2]. Core Views - The automotive sector outperformed the market this week, ranking 6th among 30 CITIC primary industries, with a decline of 2.4% compared to the Shanghai and Shenzhen 300 index's decline of 3.3% [2]. - The Guangzhou Auto Show showcased a total of 78 new energy vehicles, indicating a strong push towards smart and high-end models by traditional automakers [2]. - Retail sales of passenger vehicles increased by 10% year-on-year to 567,000 units, while wholesale sales rose by 41% year-on-year to 667,000 units, with new energy vehicle penetration rates at approximately 54.7% and 52.5% respectively [20]. Summary by Sections 1. Key Models at Guangzhou Auto Show - The show featured various models, including BYD's Tang and Han, with advanced smart driving systems and high-end features [17]. - Notable models include the BYD U7, which is expected to enter the high-end market with a price starting at 81.49 million yuan [17]. 2. Weekly Sales Tracking - From November 1 to November 10, retail sales of passenger vehicles reached 567,000 units, with new energy vehicles accounting for 310,000 units, reflecting a year-on-year increase of 70% [20]. - Wholesale sales for the same period were 667,000 units, with new energy vehicles at 350,000 units, marking a year-on-year increase of 78% [20]. 3. Weekly Index Tracking - The CITIC automotive primary industry index decreased by 2.4%, while the sub-sectors showed mixed performance, with passenger vehicles up by 0.6% and auto parts down by 4.5% [23]. - Top performers included SAIC Motor (+28.6%) and Fu Li Wang (+21.7%), while the largest declines were seen in Lan Dai Technology (-33.1%) and Jin Hong Shun (-21.1%) [23]. 4. Industry Dynamics - Traditional automakers are accelerating their smart and electric vehicle strategies, with significant advancements in autonomous driving technologies being showcased [2]. - The report emphasizes the importance of monitoring the transition of traditional automakers towards electric and smart vehicles, as well as the impact of new model launches on market dynamics [2].