Investment Rating - The industry investment rating is "Hold" [2] Core Views - In 2025, the automotive production and sales reached 34.53 million and 34.40 million units respectively, marking a historical high and maintaining the position as the world's largest market for 17 consecutive years. Domestic sales were 27.30 million units, a year-on-year increase of 6.7%, while traditional fuel vehicle sales decreased by 4% to 13.43 million units. Exports exceeded 7 million units, reaching 7.10 million, with a year-on-year growth of 21.1%, and new energy vehicle exports doubled to 2.62 million units [6] - The China Association of Automobile Manufacturers (CAAM) forecasts total automotive sales in China for 2026 to be 34.75 million units, a year-on-year increase of 1%, with new energy vehicle sales expected to reach 19 million units, growing by 15.2% [6] Summary by Sections Market Summary - The automotive sector saw a weekly increase of 0.39%, with the best-performing sub-sector being automotive services, which rose by 4.51%. The overall A-share market increased by 0.38%, placing the automotive sector 11th among 31 primary industries [4] Company Performance - The top five companies in terms of weekly performance were Aikelan (+40.53%), Jiaoyun Shares (+39.32%), Kuntai Shares (+18.45%), Xinquan Shares (+16.24%), and Zhejiang Huayuan (+15.99%). Conversely, the bottom five were Taotao Automotive (-10.99%), Aerospace Science and Technology (-12.92%), Yueling Shares (-15.40%), Czhixin (-18.81%), and Tianpu Shares (-25.33%) [5] Investment Recommendations - The report suggests focusing on companies related to intelligent vehicle technology, those with potential in overseas sales, and component manufacturers benefiting from domestic substitution effects. Specific recommendations include Baic Blue Valley for complete vehicles and Bertley, Yinlun Shares, Longsheng Technology, and others for components [8][10]
汽车与零部件行业周报：中汽协预计2026年中国汽车总销量同比+1%，长城汽车发布归元平台-20260120