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汽车行业周报：英伟达接力机器人浪潮，多款重磅车型登场
Huaxin Securities·2024-12-09 07:49

Investment Rating - The report maintains a "Buy" rating for the automotive industry, highlighting specific companies for investment opportunities [10][58]. Core Insights - The automotive sector is experiencing a strong performance, with the CITIC Automotive Index rising by 3.5%, outperforming the broader market by 2.0 percentage points [20]. - The report emphasizes the importance of generative AI in enhancing robotic capabilities, which is expected to drive innovation in the automotive sector [4][5]. - The introduction of new models, such as the Geely Galaxy series equipped with Flyme Auto, is anticipated to boost sales and market competitiveness [7][9]. Market Performance and Valuation - The automotive sector's PE (TTM) stands at 29.7, placing it in the 18.7% percentile over the past four years, while the PB is at 2.7, in the 85.0% percentile [28]. - The report notes that the average weekly performance of the automotive sector shows a positive trend, with significant gains in various sub-sectors, including passenger vehicles and automotive parts [21][24]. Industry Data Tracking and Commentary - In November, the average daily retail sales of passenger vehicles reached 5.7 million units, marking a 29% year-on-year increase [44]. - The report highlights the impact of government policies, such as trade-in incentives, which have significantly stimulated vehicle purchases [45][46]. Investment Strategy - The report suggests focusing on companies with strong partnerships, particularly those collaborating with Huawei, such as Seres and JAC Motors [10][57]. - It identifies key growth areas in the automotive parts sector, particularly in lightweight materials and intelligent automotive technologies [57]. Company Announcements and Industry News - General Motors plans to invest $5 billion in restructuring its operations in China, indicating a significant shift in strategy [64]. - The European Commission is advocating for an additional €1 billion in funding to support the electric vehicle battery manufacturing sector [65].