汽车行业研究周报：比亚迪全系搭载高阶智驾，加速高阶智驾普及

Investment Rating - The report suggests a focus on undervalued leading companies in the automotive sector due to performance improvement opportunities, particularly in the new energy and intelligent vehicle segments [3][13]. Core Insights - BYD has launched its "Universal Intelligent Driving" strategy, introducing the "Tian Shen Zhi Yan" technology matrix, which will equip all its models with advanced driving technologies, making high-level intelligent driving accessible to a wider audience [1][9]. - BYD has sold over 4.4 million vehicles equipped with L2 and above driving assistance, establishing the largest vehicle cloud database in China, and has a significant R&D team of over 110,000 engineers, including more than 5,000 dedicated to intelligent driving [2][11]. - The report emphasizes the automotive industry's recovery, driven by economic normalization and supportive policies, with expectations for continued growth in production and sales [13][17]. Summary by Sections 1. Intelligent Driving Strategy - BYD's "Tian Shen Zhi Yan" includes three technology solutions: A (DiPilot 600), B (DiPilot 300), and C (DiPilot 100), with the C version being available in 21 models priced between 70,000 to 200,000 [1][9]. - The C version features advanced perception hardware and algorithms, covering essential user scenarios [1][9]. 2. Investment Strategy and Focus - The report recommends focusing on leading companies in the new energy sector, such as BYD, Li Auto, and Changan Automobile, as well as stable, undervalued component manufacturers like Huayu Automotive and Fuyao Glass [3][13][17]. - A specific investment focus includes a balanced portfolio with equal weight on BYD, Li Auto, Top Group, Desay SV, and Shangsheng Electronics [14][15]. 3. Market Performance - The automotive sector's weekly performance was a gain of 1.19%, ranking third among 31 sectors, with the overall market indices showing similar trends [16][19]. - The report highlights the performance of various automotive sub-sectors, noting significant movements in passenger vehicles and automotive services [16][23]. 4. Component Prices - The report includes insights on the prices of key automotive materials, such as battery prices, hot-rolled coil, aluminum, and rubber, which are critical for the industry [25][27][30].