汽车行业跟踪：华为发布乾崑智驾ADS4行业首发高速L3商用解决方案

Investment Rating - The investment rating for the automotive industry is "Positive" [2] Core Views - The automotive industry is experiencing accelerated electric and intelligent transformation, supported by favorable policies that are expected to drive steady growth in sales. The inclusion of National IV heavy trucks in the trade-in subsidy program is anticipated to catalyze domestic sales in the heavy truck sector [4] - Major automakers are launching new models and technologies, with NIO planning to release nine new models in 2025, including the global debut of a 5nm smart driving chip [3][10] - The A-share automotive sector outperformed the broader market, with a weekly increase of 4.98%, ranking second among major industry sectors [3][16] Summary by Sections Industry News Highlights - Kabeiyi and Xiaopeng Motors are collaborating on robotic cable technology [3] - Huawei launched the HUAWEI ADS 4, the first commercial L3 solution for highways [3][10] - NIO announced nine new models for 2025, including the flagship SUV L90 [3][10] - Chery unveiled its new overseas brand strategy at the Shanghai Auto Show [3][10] - The Ministry of Commerce reported 2.705 million vehicles traded in under the old-for-new policy [3][10] Market Performance - The automotive sector in A-shares outperformed the market, with a 4.98% increase compared to a 0.38% rise in the CSI 300 index [3][16] - The passenger vehicle sector saw a PE valuation increase, with NIO and Xiaomi leading the gains [5][19] New Model Releases - The Lynk & Co 900 is set to launch on April 28, 2025, with a price range of 330,000 to 435,000 CNY [22] - Leap Motor's B01 model was showcased, expected to feature advanced smart driving capabilities [11] Upstream Data Tracking - Steel prices have slightly increased, while aluminum prices have decreased [23][24] - The price of natural rubber has risen, and the price of lithium carbonate has stabilized after a decline [28][29]