汽车与汽车零部件行业周报、月报：科技加速，并购扬帆

Investment Rating - The report maintains a "Recommended" investment rating for the automotive and automotive parts industry [6]. Core Insights - The automotive industry is experiencing a technological acceleration with significant advancements in intelligent driving, AI, and humanoid robotics, leading to a new era of self-driving vehicles [3][4]. - Major companies like BYD, Changan, and Xiaomi are launching advanced intelligent driving systems and strategies, indicating a strong focus on AI integration and autonomous driving capabilities [3][4][5]. - The report highlights ongoing mergers and acquisitions among state-owned enterprises in the automotive sector, signaling a trend towards consolidation and higher quality development in the new energy vehicle market [4][10]. Summary by Sections Market Overview - The automotive sector saw a weekly increase of 1.19%, with the passenger vehicle segment leading with a 4.28% rise, while commercial vehicles experienced a decline of 0.92% [16][19]. - BYD, SAIC, and other key players showed significant stock performance, with BYD rising by 8.92% [20]. Sales Data Tracking - From February 1-9, 2025, retail sales of passenger vehicles were 239,000 units, a year-on-year decrease of 31%, while wholesale sales were 219,000 units, showing no growth compared to the previous year [25]. - In the new energy vehicle segment, retail sales increased by 11% year-on-year, reaching 95,000 units, while wholesale sales grew by 44% [25]. Industry News - Changan announced its intelligent strategy aiming for L3 autonomous driving by 2026 and L4 by 2028, showcasing a commitment to technological advancement [47][48]. - BYD introduced its high-level intelligent driving system "Tianshen Zhi Yan," which aims to revolutionize self-driving capabilities across its vehicle lineup [52][53]. - The report notes the ongoing integration of AI models like DeepSeek across various automotive brands, enhancing their intelligent driving and user interaction capabilities [49][51]. Mergers and Acquisitions - The merger between Dongfeng Group and Changan Group marks a significant consolidation in the automotive industry, expected to lead to higher quality development in the new energy vehicle sector [4][10]. - The report anticipates further mergers and acquisitions driven by technological advancements and the need for traditional companies to adapt to new market dynamics [10].