汽车行业周报：行业合力推动智驾平权，L3商用化加速多车企布局

Investment Rating - The report maintains an investment rating of "Recommended" for the automotive industry [2] Core Viewpoints - The automotive industry is expected to witness a dual expansion in breadth and depth in 2025, driven by the collective efforts of multiple companies to promote equal access to intelligent driving technologies [5][11] - The L3 level autonomous driving is anticipated to achieve large-scale commercialization between 2025 and 2026, with various automakers accelerating their hardware and software preparations [5][11] - Key suppliers in the intelligent driving system, including chip manufacturers, domain controllers, lidar, and camera sensor providers, are expected to benefit from the commercialization of advanced driving features [5][11] Industry Dynamics - BYD plans to start mass application of solid-state batteries by 2027, while Lantu is collaborating with Huawei to expedite the launch of L3 level autonomous driving [5][12][15] - The automotive sector saw a 3.73% increase in the Shenyin Wanguo Automotive Index from February 17 to February 21, 2025, outperforming the Shanghai and Shenzhen 300 Index by 2.73 percentage points [5][38] - In January 2025, retail sales of passenger vehicles reached 1.794 million units, a year-on-year decrease of 12.01%, while new energy vehicle retail sales were 744,000 units, reflecting an 11.44% increase year-on-year [5][48][58] Investment Recommendations - The report suggests focusing on leading automakers in intelligent driving, such as BYD, Changan Automobile, Great Wall Motors, SAIC Motor, and Xpeng Motors, as well as key players in the intelligent system supply chain like Desay SV, Kobot, and Huayang Group [5][6]