Tesla(US:TSLA) Orient Securities·2026-02-01 05:25Investment Rating - The investment rating for the automotive and parts industry is Neutral (maintained) [5] Core Insights - The report suggests focusing on strong alpha automotive and parts companies that are expanding overseas and investing in AI applications to navigate industry adjustments. Despite significant market concerns regarding rising raw material prices and weak domestic demand, certain companies are expected to outperform the industry, maintaining rapid revenue and profit growth in 2026 [2][8][12]. Summary by Sections Investment Recommendations and Targets - Certain strong alpha automotive and parts companies are anticipated to withstand industry risks and achieve revenue and profit growth. Key areas of focus include high-level autonomous driving supply chains, data center liquid cooling supply chains, and companies that are confirmed to supply to Tesla, Figure, and other robotics-related industries. Competitive domestic brands and companies leading in intelligent driving technology are expected to continue expanding their market share. Recommended sectors include liquid cooling, humanoid robotics, overseas expansion, and intelligent driving companies [3][8][12][14]. Sales Tracking - Recent data indicates that the wholesale sales of passenger vehicles in China have significantly declined, with a year-on-year decrease of 28% for the week of January 12-18, 2026. The retail sales also saw a decline of 22% during the same period. The overall market for narrow passenger vehicles is projected to be around 1.8 million units in January 2026, reflecting a month-on-month decrease of 20.4% and a year-on-year increase of 0.3% [16][18]. Market Trends and Company Performance - The automotive sector has faced considerable pressure, with the overall industry performance lagging behind the Shanghai and Shenzhen 300 index. The automotive parts sector experienced a decline of 6.70%, with notable declines in companies such as Top Group (-13.17%) and Silver Wheel (-7.89%) [27][28]. - Specific companies like BYD and Great Wall Motors reported varied performance, with BYD's stock price at 90.89 and a projected EPS of 4.16 for 2025, while Great Wall Motors expects a net profit decrease of 21.7% [35][43]. New Vehicle Updates - New models such as the AITO M6 and the new flagship SUV from Weipai are set to be unveiled, with the AITO M6 expected to launch in the second quarter of 2026. The new models feature advanced designs and technology, including laser radar and enhanced powertrains [36][39][40]. Industry Developments - Strategic integrations, such as the collaboration between Jiushi and Cainiao in the Robovan sector, are expected to accelerate the industry's scaling and operational efficiency. This partnership aims to enhance the logistics technology and algorithm capabilities within the Robovan market [14].