汽车与汽车零部件行业周报、月报：新合作时代，新汽车格局

Investment Rating - The report maintains a recommendation for the automotive and automotive parts industry [4]. Core Insights - The report highlights the emergence of the HI model in the automotive industry, driven by Huawei's collaboration with various car manufacturers, particularly in the electric vehicle sector. The HI model is gaining traction alongside the successful smart selection model [2]. - The report discusses the modular automotive hardware ecosystem proposed by Xiaomi, aiming to enhance the integration of smart devices within vehicles, indicating a trend towards more collaborative efforts in the automotive sector [3]. - The report emphasizes that the future of the automotive industry may not be limited to a few dominant players, as new partnerships and collaborations are emerging to share costs and benefits, particularly in the electric vehicle market [4]. Summary by Sections Market Overview - The automotive sector saw a weekly increase of 3.56%, outperforming the Shanghai and Shenzhen 300 index by 2.12 percentage points. The automotive services sector had the highest weekly increase at 5.14% [17][20]. Sales Data Tracking - In November 2024, retail sales of passenger vehicles reached 2.446 million units, a year-on-year increase of 18%. Cumulative retail sales for the year reached 20.281 million units, up 5% [26]. - The new energy vehicle market saw retail sales of 1.277 million units in November, a 52% increase year-on-year, with cumulative sales for the year reaching 9.605 million units, up 41% [26]. Industry News - GAC Group signed a strategic cooperation agreement with Huawei to develop a new high-end smart electric vehicle brand, leveraging both companies' strengths in hardware and software [39]. - Seres announced a significant acquisition of the "Wenjie Super Factory," enhancing its production capabilities in the electric vehicle sector [40]. - The establishment of the "ZEEKR Technology Group" following the integration of ZEEKR and Lynk & Co aims to cover various driving forms and smart technology fields [43]. Future Opportunities - The report suggests focusing on the ongoing transformation of state-owned enterprises in China, particularly in their self-research and collaborative efforts to enhance value, with specific attention to companies like Dongfeng Group, SAIC Group, and GAC Group [9].