汽车行业点评报告：新势力2月销量点评：新势力车企集体高增，新车型驱动销量增长

Investment Rating - The report maintains a "Recommended" rating for the automotive industry [12]. Core Insights - The report highlights significant growth in February sales for new energy vehicle manufacturers, driven by new model launches and strong delivery numbers [7][10]. - Key players such as NIO, XPeng, Li Auto, and Xiaomi have reported impressive delivery figures, with XPeng achieving a year-on-year increase of 570% [7]. - The report emphasizes the trend of high-end intelligent driving technology becoming a core competitive factor for domestic automakers [11]. Summary by Sections Industry Performance - The automotive sector has shown strong relative performance with a 1-month increase of 4.2%, a 3-month increase of 8.5%, and a 12-month increase of 33.3% compared to the CSI 300 index [3]. Delivery Highlights - NIO delivered 13,192 vehicles in February, a year-on-year increase of 62.2% [7]. - XPeng's February deliveries reached 30,453 units, marking a 570% increase year-on-year [7]. - Li Auto delivered 26,263 vehicles, up 29.7% year-on-year, achieving a new high [7]. - Xiaomi's SU7 surpassed 20,000 units in February, maintaining strong sales momentum [7]. Investment Recommendations - The report suggests focusing on companies with deep collaborations with Huawei, such as Seres and JAC Motors [11]. - It identifies growth opportunities in automotive parts, particularly in lightweight materials and smart vehicles, recommending companies like Wencan, Meilixin, and Huayang Group [12].