汽车行业周动态：赛力斯2024年首次实现扭亏为盈；工信部倡导积极扩大新能源汽车消费

Investment Rating - The industry investment rating is maintained as "Recommended" [1] Core Viewpoints - The automotive sector is expected to see upward momentum supported by policies, with a recommendation to increase allocation in automotive stocks [6][10] - The 2025 vehicle replacement policy is expected to stimulate demand, with an anticipated high retail sales growth in the first half of 2025 [10] - The overall market sentiment is positive, with expectations of improved volume and pricing dynamics in the automotive sector [10] Summary by Sections Weekly Dynamics - Seres is projected to achieve profitability for the first time in 2024, with expected revenue between 144.2 billion to 146.7 billion yuan, a year-on-year increase of 302.32% to 309.30% [4][8] - The Ministry of Industry and Information Technology emphasizes the need to expand the consumption of new energy vehicles, addressing challenges such as domestic competition and international trade barriers [5][9] Market Performance - The automotive sector outperformed the broader market during the week of January 20-24, 2025, with a weekly increase of 1.7% compared to the Shanghai Composite Index's 0.3% [12] - The automotive sector's PE-TTM (unadjusted) stands at 29.7, with a historical valuation percentile of 76.0% [14] Stock Recommendations - Recommended stocks in the automotive sector include BYD, Great Wall Motors, Changan Automobile, and others in the vehicle segment, while in the parts segment, recommended stocks include Fuyao Glass and others [10][6]