Shanghai Securities·2026-01-27 13:26Investment Rating - The industry investment rating is "Hold" [6] Core Views - The automotive sector experienced a weekly increase of 2.20%, with the best-performing sub-sector being automotive services, which rose by 6.87% [3] - The average daily wholesale volume of domestic passenger car manufacturers was 51,200 units, a year-on-year decrease of 28.00%, while the average daily retail volume was 50,200 units, down 22.00% year-on-year [3] - In January, the narrow passenger car retail market is expected to reach approximately 1.8 million units, with new energy vehicles accounting for around 800,000 units, resulting in a penetration rate of 44.4% [4] - CATL launched a light commercial vehicle solution featuring the industry's first mass-produced sodium battery, which can operate effectively in extreme temperatures [4][11] - Tesla plans to sell the Optimus robot to the public by the end of next year, indicating a significant future business line for the company [5] Summary by Sections Automotive Sector Performance - The automotive sector's weekly performance was +2.20%, ranking 15th among 31 first-level industries [3] - The top five companies in terms of stock performance included New Coordinates (+36.30%) and Iron Flow Co. (+32.97%) [3] Sales and Market Trends - The expected retail sales for January are 1.8 million units, with a month-on-month decrease of 20.4% but a year-on-year increase of 0.3% [4] - The penetration rate for new energy vehicles in January is projected at 44.4% [4] Technological Developments - CATL's sodium battery solution for light commercial vehicles is designed for various vehicle types and can function in extreme cold [4][11] - The first prototype of the Hongqi all-solid-state battery has successfully passed critical testing, marking a significant technological advancement for the company [11] Investment Recommendations - Focus on companies involved in intelligent vehicle technology and those with potential overseas sales [12] - Recommended companies include Beiqi Blue Valley and several component manufacturers [14]