广汽与华为终端达成全面合作，吉利获L3级测试牌照

Investment Rating - The report maintains a "Recommended" rating for the automotive industry, indicating a positive outlook for the sector's fundamentals and expectations for the industry index to outperform the benchmark index [5][28]. Core Insights - The automotive industry experienced an overall increase of 2.7% from January 4 to January 10, 2026, with all secondary segments within the automotive sector also showing positive growth [1][2][9]. - Key developments include GAC Group signing a comprehensive cooperation framework with Huawei, and Geely obtaining an L3 level autonomous driving road test license, indicating advancements in smart driving technologies [1][23]. - The market is witnessing a promotional battle led by luxury brands like Tesla and BMW, with various automakers offering significant discounts and financing options to stimulate sales [20][21]. Market Performance Overview - The Shanghai Composite Index rose by 3.8%, while the Shenzhen Composite Index increased by 5.1%, and the ChiNext Index saw a 3.9% rise during the same period [2][9]. - Within the automotive sector, the automotive services segment led with a weekly increase of 6.0%, while the passenger vehicle segment had the lowest increase at 0.3% [2][9]. Individual Stock Performance - Notable stock performances include JunDa Co., which increased by 29.4%, JinGu Co. by 26.3%, and KaiZhong Co. by 23.3% [3][13]. - Among covered stocks, DaoShi Technology saw a rise of 29.5%, XuSheng Group by 18.0%, and XinQuan Co. by 16.2% [3][15]. Recent Vehicle Launches - Key new vehicle launches include the Xiaopeng P7+ with advanced driving capabilities and the Wuling Xingguang 560, which offers multiple powertrain options [18][19]. Industry News and Policies - The Ministry of Commerce projects over 11.5 million vehicles to be replaced under the old-for-new policy by 2025, with significant sales expected in related sectors [20]. - GAC Group and Huawei's collaboration aims to enhance smart vehicle technologies, while Chery Group targets a sales goal of 3.2 million vehicles for 2026, reflecting a 14.03% increase from 2025 [22][23].