汽车行业周报：全球巨头动作频频，Robotaxi发展加速向前-20251110

Investment Rating - The report maintains a "Buy" recommendation for the automotive industry [5] Core Insights - Current demand is weak, but the annual cumulative figures remain above expectations, with retail sales of passenger vehicles in October showing a year-on-year increase of 6% and a month-on-month increase of 7% [1][21] - The Robotaxi industry is accelerating towards commercialization, with significant developments from companies like Baidu, Xpeng, and Tesla, indicating a maturing market [2][3] Summary by Sections 1. Weekly Market Review (2025.11.1-11.7) - The automotive sector index fell by 1.24%, underperforming the Shanghai Composite Index, which rose by 0.82% [11] - The passenger vehicle segment experienced the largest decline at -3.31% [12] 2. Data Tracking (2025.11.1-11.7) - Retail sales of passenger vehicles from October 1-31 reached 2.387 million units, a 6% increase year-on-year, with cumulative retail sales for the year at 19.395 million units, up 9% [21] - New energy vehicle retail sales for the same period were 1.4 million units, a 17% year-on-year increase, with cumulative sales for the year at 10.27 million units, up 23% [21] 3. Industry News (2025.11.1-11.7) - Baidu's Apollo Go reported weekly orders exceeding 250,000, matching Waymo's figures, indicating strong growth in autonomous driving services [35] - Xpeng announced its first Robotaxi model, aiming for global market expansion in collaboration with mapping services [37] - The IPO of Sailyus marked a significant milestone, raising over 14 billion HKD, highlighting investor confidence in the electric vehicle sector [38]