汽车行业一周一刻钟，大事快评（W083）：东风集团；欧盟关税调整；吉利星舰7体验

Investment Rating - The report maintains an "Overweight" rating for the automotive industry, indicating a positive outlook compared to the overall market performance [2][23]. Core Insights - Dongfeng Motor Group is experiencing a recovery in performance and transformation opportunities after a period of bottom adjustment [2]. - The significant decline in joint venture business has passed, with expectations for stabilization. The company's equity investment income dropped from over 12 billion yuan in 2022 to 1.3 billion yuan in 2023, but sales are stabilizing [2][6]. - The commercial vehicle sector is shedding burdens and beginning to recover from the bottom, with a focus on domestic markets [2][6]. - The independent brand, Lantu, is performing well, with sales increasing from approximately 50,000 units in 2023 to 63,000 units in the first ten months of 2024, a year-on-year increase of 87% [2][7]. - The company is actively seeking potential collaborations with Huawei and other new forces to diversify its development paths [2][7]. - The EU is expected to adjust tariffs, which may benefit companies like SAIC, BYD, and Leap Motor, enhancing their profitability and export capabilities [2][10]. - The Geely Starship 7 is anticipated to perform strongly in terms of orders and deliveries upon its launch in December [2][15]. Summary by Sections Dongfeng Group - Dongfeng Motor Group has a long history and a comprehensive business model, initially starting with military vehicles and transitioning to commercial and passenger vehicles [5]. - The joint venture segment has seen a significant decline in profitability, with equity investment income dropping to 1.3 billion yuan in 2023 from 15.5 billion yuan in 2019 [6]. - The commercial vehicle sector is expected to recover as the company sheds burdens and focuses on domestic markets [6][7]. EU Tariff Adjustments - The EU is in negotiations to potentially eliminate tariffs on Chinese electric vehicles, which could significantly benefit Chinese manufacturers by enhancing their competitiveness in the European market [10][12]. - The anticipated agreement aims to promote fair competition and support environmental goals [10][12]. Geely Starship 7 - The Geely Starship 7 is viewed as a highly competitive product, with expectations for strong order performance upon its launch [15]. - The vehicle is positioned in the 100,000 to 150,000 yuan price range and is expected to benefit from pre-production efforts to ensure immediate delivery [15].