汽车行业周报：小米SUV正式公布，将于2025年6-7月上市

Investment Rating - The industry investment rating is maintained as "Outperform the Market" [8] Core Insights - Xiaomi's new electric SUV, YU7, is set to launch in June-July 2025, with dimensions larger than the current Model Y [1][12] - Xiaomi has raised its 2024 delivery target for its SU7 model from 100,000 to 130,000 units, with significant monthly delivery growth observed [2][14] - The automotive industry is expected to see a demand recovery driven by government policies promoting vehicle trade-ins, with significant increases in vehicle scrappage and replacement applications [3] Summary by Sections New Product Launch - Xiaomi's YU7 SUV has been officially announced, with specifications including a length of 4999mm, width of 1996mm, height of 1600mm, and a wheelbase of 3000mm, positioning it as a mid-large SUV [1][12] Market Demand and Performance - Xiaomi's SU7 model achieved a first-month delivery of 7,058 units in April 2024, with subsequent months showing a rise to over 20,000 units in October [2][14] - The company has already surpassed its initial delivery goal of 100,000 units by November 18, 2024, and is now targeting 130,000 units for the year [2][14] Policy and Supply Chain Dynamics - The central government is promoting vehicle trade-in policies, leading to a significant increase in vehicle scrappage applications, with over 400,000 applications recorded [3] - The automotive supply chain is also strengthening, with multiple new vehicle launches expected in the latter half of the year, including models from BYD and other manufacturers [3] Investment Recommendations - The report recommends focusing on the Chery supply chain and highlights opportunities in lightweight materials, steer-by-wire systems, lighting, and cockpit technologies [4] - Specific stock recommendations include companies like Ruihu Mould, Top Group, and Bertley, among others, with a focus on both parts and complete vehicle manufacturers [4] Market Performance - The automotive sector in A-shares saw a weekly increase of 0.66%, outperforming the CSI 300 index, which declined by 1.01% [17] - Notable stock performances included significant gains for companies like Construction Industry and Jinlong Automobile, while others faced declines [18][19]