汽车周观点：机器人短期即将进入空窗盘整期，整体依然看好25年国内外共振机会

Investment Rating - The report maintains a rating of "Outperform the Market" for the automotive industry [3] Core Insights - The automotive sector is expected to see continued growth in sales due to supportive policies, with a focus on leading domestic brands and the integration of robotics into the automotive supply chain [10][18] - The report highlights a shift in competition from electrification to intelligence in vehicles, with domestic brands expected to launch numerous high-end models [10][28] - The report emphasizes the importance of monitoring the performance of key players in the automotive sector, particularly those with strong brand momentum [10][15] Recent Market Trends - The automotive index rose by 0.7% this week, ranking 7th out of 31 sectors [2] - Retail sales of passenger vehicles reached 1.692 million units from December 1-22, a year-on-year increase of 25% [13] - The report notes that the market is currently waiting for the formal implementation of vehicle replacement policies and clearer data on price wars and sales figures [10][13] Investment Strategy - The report suggests focusing on leading vehicle manufacturers and companies involved in robotics within the automotive supply chain [5][18] - Specific companies to watch include BYD, Geely, Li Auto, and Xiaomi, which are expected to benefit from market trends and new product launches [10][15][31] - The report also indicates that the automotive parts sector may see valuation elasticity due to the emergence of new robotics applications [28] Recommendations - Key automotive stocks recommended for investment include BYD, Seres, Geely, Li Auto, and Great Wall Motors [15] - The report identifies potential investment opportunities in the domestic robotics supply chain, particularly companies like Zhongjian Technology and Sai Lisi [15][31]