Investment Rating - The automotive industry is rated as "Outperforming the Market" [2][13]. Core Insights - The automotive sector experienced a slight increase of +0.1% this week, with the A-share automotive index closing at 6,947.9 points, ranking 25 out of 31 sectors, while the CSI 300 index rose by +1.5% to 3,982.2 points [2][4]. - The top-performing stocks in the A-share automotive sector this week included Taotao Automotive (+29.8%), Hunan Tianyan (+21.0%), and Zhengyu Industrial (+18.3%) [2][7]. - New energy vehicle sales are expected to benefit from seasonal consumption activities, particularly in lower-tier markets [2]. - The sales performance of new energy vehicle brands is influenced by pricing strategies in the short term, while product intelligence will be a key factor in the long term [2]. Summary by Sections Market Performance - The A-share automotive sector's weekly performance was +0.1%, with sub-sectors showing varied results: motorcycles and others (+5.1%), commercial vehicles (+1.5%), automotive services (+1.1%), passenger vehicles (+0.4%), and automotive parts (-0.7%) [2][6]. - The cumulative sales data for the first half of 2025 indicates that Xpeng Motors achieved a completion rate of 56.3% of its annual sales target, while other brands like Li Auto and NIO lagged behind [2]. Key Developments - Xpeng G7 was launched with a strong initial response, achieving over 10,000 pre-orders in just 9 minutes, indicating its potential as a hot-selling model [2]. - The G7 features advanced computing capabilities with a total vehicle computing power of 2,250 TOPS, which is expected to enhance user experience and differentiate it from competitors [2]. - JD Logistics introduced its self-developed unmanned logistics vehicle, which is anticipated to accelerate the development of unmanned logistics vehicles [2]. Investment Recommendations - The report suggests focusing on leading smart automotive brands like Xiaomi Group and Xpeng Motors, which are expected to establish user experience differentiation [3]. - In the automotive parts sector, attention is drawn to companies transitioning from single component suppliers to integrated system providers, such as Baolong Technology [3]. - The report also highlights the growing demand for testing and inspection services due to the rapid development of smart vehicles, recommending companies like China Automotive Research [3].
汽车行业周报：小鹏G7引领高算力，智能汽车加速发展-20250707
Shanghai Aijian Securities·2025-07-07 11:19