汽车行业周报：11月国内乘用车销量同环比向上，特斯拉发布FSD V13

Investment Rating - The report maintains a neutral rating for the automotive and parts industry [5] Core Insights - The China Passenger Car Association estimates that November domestic passenger car sales will show a month-on-month increase, with wholesale and retail sales of 2.943 million and 2.446 million units respectively, representing year-on-year growth of 15% and 18%, and month-on-month growth of 8% for both [2][15] - Several domestic brands and new energy vehicle companies performed well in November, with notable sales increases for companies like Li Auto, XPeng, and BYD, driven by vehicle scrappage and replacement subsidy policies [2][16] - Tesla has officially launched the FSD V13.2 version, marking a significant advancement in high-level autonomous driving capabilities, with other leading companies in China also rolling out similar features [2][17] Summary by Sections Market Performance - The automotive sector's performance outpaced the broader market, with a 3.5% increase compared to the CSI 300's 1.4% [22] - The automotive sales and service sector saw a significant rise of 9.81%, while the passenger vehicle sector increased by 3.41% [22] Sales Tracking - For the period of November 1-30, the cumulative wholesale sales reached 2.4119 million units, a 6% year-on-year increase, while retail sales totaled 2.0281 million units, also reflecting a 5% increase year-on-year [32][36] Investment Strategy - The report suggests focusing on companies with strong third-quarter earnings and high growth potential, particularly in the automotive and new energy vehicle sectors, as well as those linked to Huawei and Xiaomi's supply chains [3][18] - Recommended stocks include BYD, Changan Automobile, and SAIC Motor, among others [19]