Tesla(US:TSLA) Shanghai Aijian Securities·2025-03-04 01:15Investment Rating - The automotive sector is rated as "Outperform" compared to the market [4] Core Insights - The automotive sector underperformed the CSI 300 index, with a decline of 2.72% this week, while the CSI 300 index fell by 2.22% [4][16] - Passenger vehicle sales showed a year-on-year increase, with average daily retail sales of 49,000 units from February 10-23, reflecting a 33% increase year-on-year [4][40] - The introduction of Tesla's Full Self-Driving (FSD) in China is expected to drive technological upgrades among domestic automakers [9][11] Summary by Sections Market Review - The automotive sector's index closed at 7,068.1 points, ranking 24th out of 31 sectors [4][16] - Sub-sectors such as motorcycles, commercial vehicles, and passenger vehicles experienced declines of -1.04%, -1.06%, and -4.36% respectively [4][16] Industry Tracking - Passenger vehicle retail sales from February 1-23 totaled 924,000 units, with a cumulative retail of 2.718 million units year-to-date, down 4% year-on-year [40] - Notable sales figures for February include BYD with 318,233 units (+161.4% YoY), XPeng with 30,453 units (+570.0% YoY), and Li Auto with 26,263 units (+29.7% YoY) [46][47] Investment Recommendations - Focus on autonomous vehicle technology and smart cockpit advancements, with recommendations to consider XPeng Motors and Xiaomi Group [4] - In the auto parts sector, there is a positive outlook on the rise of domestic supply chains for electric and intelligent core technologies, with suggested stocks including KEBODA and Baolong Technology [4]