汽车和汽车零部件行业周报：鸿蒙智行全新车型发布，华为生态圈再扩容

Investment Rating - The report maintains a "Buy" rating for the automotive sector [2]. Core Insights - The automotive sector underperformed the market this week, with a slight increase of +0.1%, ranking 28th among 30 sectors [2][18]. - Retail sales of passenger vehicles in China showed strong performance, with a year-on-year increase of +29% and a month-on-month increase of +4%, reaching 1.638 million units from November 1 to November 24 [2][15]. - Wholesale sales of passenger vehicles also increased, with a year-on-year growth of +34% and a month-on-month growth of +14%, totaling 1.935 million units during the same period [2][15]. Summary by Sections Sales Tracking - From November 1 to November 24, retail sales of new energy passenger vehicles increased by +68% year-on-year and +7% month-on-month, reaching 867,000 units, with a penetration rate of approximately 52.9% [15]. - Wholesale sales of new energy passenger vehicles increased by +65% year-on-year and +13% month-on-month, totaling 1,007,000 units, with a penetration rate of approximately 52.0% [15]. Index Tracking - The automotive sector's performance was below the market average, with the A-share automotive index increasing by +0.1% compared to the Shanghai and Shenzhen 300 index's +1.3% [18]. - The top five performing stocks in the automotive sector included Zhengqiang Co. (+23.0%) and Shanghai Yanpu (+20.4%) [18]. Component Sector Tracking - The report highlights the performance of key companies, noting that BYD and other major players are expected to benefit from new model launches and the effects of vehicle replacement policies [2][19]. - The report suggests that the automotive industry is becoming a competitive battleground, with a focus on intelligent vehicle technology and collaboration with tech companies like Huawei [2]. Industry Dynamics - The report discusses the launch of new models by Huawei in collaboration with Jianghuai Automobile, indicating a significant expansion of the Huawei ecosystem in the luxury vehicle market [2]. - GAC Group plans to create a new high-end intelligent electric vehicle brand in collaboration with Huawei, enhancing competitive strength in the market [2]. Investment Recommendations - The report recommends investing in BYD and suggests paying attention to Tesla, Xpeng Motors, NIO, and Geely in the complete vehicle segment [2]. - For the components sector, it recommends Fuyao Glass and suggests monitoring Jifeng Co. [2].