汽车行业定期报告：四大协会呼吁谨慎采购美国芯片，吉利银河星舰7上市

Investment Rating - The industry rating is "Outperform the Market" [3] Core Insights - The report highlights the call from four major associations in China for caution in procuring American chips due to new export controls imposed by the U.S. on the semiconductor industry, which could impact the stability of chip supplies [2][11] - The launch of the Geely Galaxy Starship 7 EMi is noted, with a price range of 103,800 to 136,800 CNY, aimed at competing with models like BYD Song Pro DMi [12][13] - The automotive sector has shown strong performance, with the automotive index increasing by 3.6% from December 2 to December 6, outperforming the CSI 300 index by 2.2 percentage points [14] Summary by Sections Weekly Topic - The report discusses the implications of U.S. export controls on semiconductor products and the resulting recommendations for Chinese automotive companies to be cautious in their procurement of American chips [2][11] Market Performance - From December 2 to December 6, the automotive sector rose by 3.6%, while the CSI 300 index increased by 1.4%, indicating a strong performance relative to the broader market [14] - Year-to-date, the automotive sector has increased by 18.5%, ranking 6th among 31 sectors [14] Key Industry Data - Retail sales of passenger vehicles in November reached 2.446 million units, a year-on-year increase of 18%, while new energy vehicle retail sales were 1.277 million units, up 52% year-on-year [36] - Wholesale sales for passenger vehicles in November totaled 2.943 million units, a 15% increase year-on-year, with new energy vehicle wholesale sales at 1.467 million units, up 53% year-on-year [36] Industry News - The report mentions the strategic integration of Zeekr and Lynk & Co into a new entity called Zeekr Technology Group, aiming to produce high-end luxury new energy vehicles [71] - General Motors China has responded to rumors of restructuring by emphasizing the importance of its Chinese operations and its commitment to reducing inventory and costs [71] New Vehicle Highlights - The report lists the Geely Galaxy Starship 7 EMi and Avita 11 as notable new vehicle launches, with respective price ranges of 103,800 to 136,800 CNY and 279,900 to 429,900 CNY [76]