工信部公示智能网联汽车安全强制性国标，华为乾崑连发“两境”
Xinda Securities·2025-11-23 08:47

Investment Rating - The investment rating for the automotive industry is "Positive" [2] Core Insights - The A-share automotive sector underperformed the market this week, with the Shanghai and Shenzhen 300 Index declining by 3.77% and the automotive sector falling by 4.89%, ranking 16th among A-share industries [2][8] - Key news includes the Ministry of Industry and Information Technology announcing mandatory national standards for intelligent connected vehicles, and Huawei's launch of two new models, "Yijing" and "Qijing," set to debut next year [21][22] - The report suggests focusing on companies such as BYD, Geely, Great Wall Motors, and others in the passenger vehicle segment, while recommending attention to commercial vehicle manufacturers like China National Heavy Duty Truck and FAW Liberation [2] Summary by Sections Market Performance - The automotive sector's performance this week saw a decline of 4.89%, placing it 16th among A-share industries [8][11] - The passenger vehicle segment experienced a drop of 5.94%, with Jianghuai Automobile and GAC Group leading the decline [5][17] - The commercial vehicle segment fell by 3.04%, with *ST Yaxing and Weichai Power showing the most significant gains [5][19] - The automotive parts sector decreased by 4.87%, with Daway Co. and Tianpu Co. leading the gains [5][20] Industry News - The Ministry of Industry and Information Technology has publicized mandatory national standards for intelligent connected vehicles, focusing on safety requirements for autonomous driving systems [21] - Huawei's new models, "Yijing" and "Qijing," are set to launch next year, with plans for annual new model releases [21] - The report highlights various collaborations and innovations in the industry, including support for battery swap models and local production plans in Europe by Magna with GAC and Xpeng [21][22] Upstream Data Tracking - The report includes tracking of key material prices such as steel, aluminum, and lithium carbonate, which are crucial for automotive manufacturing [24]