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中小盘周报:G6、G9双改款发布,小鹏2025年新车周期启动
KAIYUAN SECURITIES·2025-03-16 13:33

Investment Rating - The report maintains a "Buy" rating for several companies in the smart automotive sector, including Xiaopeng Motors, BYD, and others [5][20]. Core Insights - The report highlights the strong performance of Xiaopeng's G6 and G9 models, with the G6 achieving over 5,000 pre-orders within 7 minutes of its launch, indicating robust market demand [3][31]. - The introduction of advanced technologies such as the Turing AI driving system and the 5C supercharging battery positions Xiaopeng as a leader in the smart automotive space [4][31]. - The overall market performance shows a bullish trend, with the Shanghai Composite Index rising by 1.56% and the Shenzhen Component Index increasing by 2.19% during the reporting period [2][13]. Summary by Sections Market Performance - The A-share market experienced a general uptrend, with the large-cap index rising by 1.25% and the small-cap index increasing by 3.72% from March 10 to March 14, 2025 [2][13]. - The cumulative increase for the large-cap index in 2024 is 15.72%, while the small-cap index has risen by 11.79% [13]. Key News - BYD confirmed a technology launch event for its Super e-platform on March 17, 2025, which will feature a 1000V ultra-fast charging system [3][30]. - The report notes significant pre-order numbers for new models from various manufacturers, including the AITO M9 and Xiaopeng G6, reflecting strong consumer interest [3][31]. Featured Companies and Themes - The report recommends focusing on the smart automotive theme, highlighting companies such as Huace Navigation, Changguang Huaxin, and Xiaopeng Motors as key players [5][19]. - Other themes include high-end manufacturing and leisure snacks, with companies like Lingyun Optics and Baba Foods also receiving attention [5][19]. Technological Advancements - Xiaopeng's G6 and G9 models are equipped with cutting-edge features, including the Turing AI driving system and advanced battery technology, enhancing their competitive edge in the market [4][31]. - The G6 boasts a spacious interior with an 85.6% utilization rate and the largest rear seat adjustment angle in its class, while the G9 features luxury configurations aimed at improving ride comfort [4][31].