汽车与零配件行业周报：蔚来NIODay2024召开，上海低空经济产业发展有限公司注册成立

Investment Rating - The report maintains a Neutral rating for the automotive industry, indicating that the expected relative performance over the next 12-18 months will not significantly deviate from the benchmark index [39]. Core Insights - The automotive sector has shown strong performance recently, with the Shenwan Automotive Index rising by 4% over the past month, and the New Energy Vehicle Index increasing by 6% [86]. - NIO Day 2024 was held, where NIO announced the launch of the ET9 priced at RMB 788,000 and introduced a new brand, Firefly, with a pre-sale price of RMB 148,800 [83][20]. - Leapmotor's founder announced that the company expects to achieve nearly 300,000 vehicle sales in 2024, exceeding its targets [21][17]. - The report highlights the importance of diesel engine backup power in the rapidly developing data center sector, recommending Weichai Power and China Yuchai International [96][33]. Summary by Sections Automotive Industry Overview - In the last quarter (2024/9/28-2024/12/27), the Shenwan Automotive Index increased by 16%, with the New Energy Vehicle Index up by 18% and the Commercial Vehicle Index up by 23% [6][82]. - The report notes that leading gainers in the automotive sector over the past month include Jianshe Industry Group, Weichai Heavy Machinery, and Xiamen King Long Motor Group, while notable decliners include Changchun Yidong and Hunan Oil Pump [32][9]. New Energy Vehicles - The retail sales of new energy vehicles reached 817,000 units from December 1-22, 2024, marking a 60% year-on-year increase [91]. - The report emphasizes the growing market for new energy vehicles, with cumulative retail sales for the year reaching 10.413 million units, a 43% increase compared to the previous year [91]. Strategic Recommendations - The report recommends focusing on companies that can leverage strategic partnerships and possess strong capabilities to navigate the challenges posed by new regulations and market conditions, particularly highlighting BYD and Leapmotor [4][96]. - It suggests monitoring companies with advanced autonomous driving technologies and those involved in the domestic substitution of automotive parts, such as XPeng and Li Auto [85][34].