汽车周动态：特斯拉FSD正式入华，小米新车SU7 Ultra上市订单超预期

Investment Rating - The report maintains a "Recommended" rating for the automotive industry [1] Core Insights - The automotive sector is expected to experience upward momentum supported by policies and the continuous development of the humanoid robotics industry, suggesting an increase in allocation to the automotive sector [5] - The introduction of Tesla's Full Self-Driving (FSD) in China and the launch of Xiaomi's SU7 Ultra electric vehicle have intensified competition in the smart driving market [4][9] Summary by Sections Weekly Dynamics - Tesla's FSD was officially launched in China on February 25, priced at 64,000 yuan, featuring several advanced driving functions [4][7] - Xiaomi's SU7 Ultra was launched on February 27, with over 6,900 pre-orders within 10 minutes, and a target annual sales goal of 10,000 units [8][9] Market Performance - For the week of February 22-28, 2025, the automotive sector underperformed the broader market, with the automotive index down 2.7% compared to the Shanghai Composite Index's decline of 1.7% [3][11] - The automotive sector's PE-TTM (not adjusted) was reported at 32.1, with sub-sectors showing varying historical valuation percentiles [14] Recommendations - The report recommends increasing exposure to the automotive sector, highlighting companies such as BYD, Great Wall Motors, and others in the vehicle segment, as well as specific parts suppliers [5][9]