汽车行业周观点（1125-1129）：特斯拉机器人手部重大更新，持续关注国内外机器人产业链共振机会

Investment Rating - The industry rating is "Outperform the Market" [4][21] Core Insights - The automotive sector is experiencing a short-term focus on robot-related automotive parts and a long-term view on complete vehicles. The recent sales growth is driven by trade-in policies and promotional activities from major manufacturers like Tesla and Li Auto. However, there are concerns about potential market demand being overstretched due to these policies [3][4] - The report suggests that the penetration rates of intelligent driving and domestic brands are expected to increase, particularly in the luxury segment. The competition in the market is anticipated to intensify, leading to ongoing price wars [3][4] Summary by Sections Recent Market Performance - The automotive index rose by 0.3% this week, ranking 27th out of 31 sectors. The trade-in policy has stimulated sales, with Tesla offering significant discounts on Model Y and Li Auto providing zero-interest financing options [2][3] Sales and Market Dynamics - From November 1-24, retail sales of passenger cars reached 1.638 million units, a year-on-year increase of 29%. Wholesale sales were 1.935 million units, up 34% year-on-year [6] Investment Recommendations - Focus on leading vehicle manufacturers and companies involved in robotics. Recommended stocks include Geely, Seres, Li Auto, and BYD for vehicle manufacturers, and companies like Sanhua Intelligent Control and Beite Technology for automotive parts [4][8] Future Outlook - The report anticipates that the market for intelligent driving will expand, with a focus on the development of L3 trial standards and the introduction of Tesla's Optimus robot. The domestic robot industry is expected to grow rapidly, similar to the initial interest in Tesla's robot initiatives [10][12]