汽车行业定期报告：尊界开启预售，广汽与华为深化合作

Investment Rating - The report maintains an "Outperform" rating for the automotive industry, indicating that the industry is expected to perform better than the market benchmark over the next 6 to 12 months [1]. Core Insights - The report highlights the launch of the Zun Jie S800, a D+ class luxury sedan by GAC and Huawei, which is expected to reshape the luxury car market in China with its advanced features and intelligent driving capabilities [10][11]. - GAC Group and Huawei have signed a deepened cooperation agreement to create a new high-end intelligent electric vehicle brand, leveraging their respective strengths in product development and marketing [11][13]. - The automotive sector has shown a year-to-date increase of 14.4%, ranking 6th among 31 sectors in the Shenwan classification [16]. Summary by Sections Weekly Highlights - The Zun Jie S800 was officially launched on November 26, with a pre-sale price range of 1 to 1.5 million yuan and received 2,108 orders within 48 hours [10]. - GAC and Huawei's collaboration has a history dating back to 2021, with multiple joint projects aimed at enhancing smart vehicle technology [12]. Market Performance - From November 25 to November 29, the automotive sector increased by 0.3%, underperforming the CSI 300 index, which rose by 1.3% [16]. - The automotive sector's performance year-to-date is 14.4%, with a ranking of 6th among 31 sectors [16]. Key Industry Data - From November 1 to 24, retail sales of passenger vehicles reached 1.638 million units, a year-on-year increase of 29% [30]. - Wholesale sales of passenger vehicles during the same period totaled 1.935 million units, reflecting a 34% year-on-year growth [30]. Material Prices - The report includes various material price trends relevant to the automotive industry, although specific data points are not detailed in the provided content [43][50][54]. Industry News - Recent developments include a significant price reduction plan for lidar products by Hesai Technology, aimed at enhancing competitive pricing in the advanced driver-assistance systems market [56][57]. - GAC and Volkswagen have extended their joint venture agreement until 2040, reinforcing their long-term partnership [57].