Huachuang Securities·2025-10-16 09:17Investment Rating - The report maintains a "Recommendation" rating for the automotive industry, expecting the industry index to outperform the benchmark index by over 5% in the next 3-6 months [30]. Core Insights - The report highlights the upcoming launch of four significant new models in October 2025, including the Wei brand Gaoshan 7 and the Tengshi N8L, which are expected to have a substantial impact on related stock prices [6][8]. - The report suggests focusing on the market performance and expectations surrounding the new models from major manufacturers such as BYD, Great Wall, and Xpeng [8][10]. - Investment recommendations include Jianghuai Automobile, Geely Automobile, and BYD in the complete vehicle sector, while also suggesting quality stocks in the auto parts sector [6][10]. Summary by Sections Industry Basic Data - The automotive industry comprises 235 listed companies with a total market capitalization of approximately 48,568.92 billion and a circulating market value of about 37,097.69 billion [3]. New Model Launches - In October 2025, four key new models are expected to launch: 1. Wei brand Gaoshan 7 (25-30 million C-class MPV) with an estimated monthly sales of 0.3 thousand units [11]. 2. Tengshi N8L (30-40 million C-class SUV) with an estimated monthly sales of 0.3-0.5 thousand units [16]. 3. Xpeng 9X range extender (30-40 million C-class MPV) [10]. 4. Zeekr Huanshen 001 (25-30 million C-class hatchback) [10]. Market Performance - The report notes the absolute performance of the automotive sector over the past 1 month, 6 months, and 12 months as 0.2%, 18.6%, and 33.4%, respectively, while the relative performance shows a decline of 0.2% over 1 month and 2.1% over 6 months, but an increase of 18.8% over 12 months [4]. Investment Recommendations - The report recommends focusing on the new product launches in October as a catalyst for investment in the automotive sector, particularly in complete vehicle manufacturers and auto parts suppliers [6][10]. - Specific recommendations include: 1. Complete vehicles: Jianghuai Automobile, Geely Automobile, BYD. 2. Auto parts: Minshi Group, Top Group, Yinlun Shares, and others [6][10].