BYD(SZ:002594) KAIYUAN SECURITIES·2025-07-13 15:10Investment Rating - The industry investment rating is "Positive" [9] Core Viewpoints - The continuous release of significant models, such as the Li Auto i8, is expected to create opportunities for automakers, particularly in the family SUV market, with a focus on product details and innovation to meet user needs [3][22] - The automotive industry is undergoing unprecedented transformation due to smart technology, with advancements in AI and autonomous driving expected to unlock vast market potential [3][24] - Domestic parts manufacturers are benefiting from local substitution and overseas expansion, with opportunities arising from entering the robot sector [4][24] Summary by Sections Weekly Market Review - The A-share automotive sector experienced a decline of 0.41% this week, ranking 30th among SW primary industries, while the cumulative increase since 2025 is 7.77%, ranking 14th [12][14] Weekly Highlights - Key events include the pre-order launch of the Li Auto i8 on July 17 and its official release on July 29, as well as BYD's global debut of L4-level smart parking technology [5][25][29] Investment Recommendations - Recommended automakers include XPeng Motors, SAIC Group, BYD, Changan Automobile, Great Wall Motors, and Leap Motor. Beneficiary stocks include Seres, JAC Motors, GAC Group, BAIC Blue Valley, Li Auto, and Geely [6][33] - In the parts sector, focus on Huayang Group, Desay SV, Joyson Electronics, and others, with beneficiary stocks including Bertel, Bolong Technology, and Horizon Robotics [6][33] Industry News - The China Automobile Association reported that in the first half of 2025, automotive production and sales exceeded 15 million units, with a year-on-year growth of over 10% [32] - The association predicts that new energy vehicle sales will surpass 16 million units in 2025, accounting for over 50% of total sales [32][31]