Investment Rating - The report maintains an "Overweight" rating for the automotive industry [20]. Core Views - The demand for AIDC power generation equipment is expected to grow rapidly, with recommendations for Weichai Power, which is diversifying into diesel and gas generator sets and SOFC [20][19]. - Liquid cooling is identified as a promising area for automotive components, with a recommendation for Silver Wheel Holdings [20]. - The export of passenger vehicles to Europe is anticipated to grow significantly under carbon reduction policies, with recommendations for XPeng Motors and SAIC Group [20]. - The intelligent driving industry chain is expected to benefit from advancements in L3 testing, with recommendations for Nexperia and China Automotive Research [20]. - The humanoid robot sector is highlighted for its long-term potential, recommending Delta Electronics and Ningbo Huaxiang [20]. Summary by Sections 1. Industry Weekly Market Review - The automotive index remained flat over the week from January 9 to January 16, 2026, with the new energy vehicle index down by 1%, automotive parts index up by 2%, and commercial vehicle index down by 1% [2][8]. - Over the past month, the automotive index increased by 8%, the new energy vehicle index by 1%, and the automotive parts index by 13% [9]. 2. Engine Giants Continue to Layout AIDC Power Generation Equipment - AIDC investment is experiencing high growth, leading to rapid expansion in the power generation and backup power market [17]. - Weichai Power is seeing strong demand for its data center power products and is accelerating SOFC capacity expansion [17][18]. - Yuchai International plans to acquire a stake in a high-pressure common rail supplier, enhancing its supply chain capabilities [18]. 3. Investment Strategy and Recommendations - The report recommends an "Overweight" rating for the industry, with specific stock recommendations including: 1. Weichai Power for its diversified AIDC power generation equipment [20]. 2. Silver Wheel Holdings for its potential in liquid cooling automotive components [20]. 3. XPeng Motors and SAIC Group for their growth potential in the European market [20]. 4. Nexperia and China Automotive Research for advancements in intelligent driving [20]. 5. Delta Electronics and Ningbo Huaxiang for their long-term positioning in the humanoid robot sector [20].

Core Viewpoint - NEXTEER (01316) announced the resignation of Mr. Hervé Paul Gino BOYER from his positions as Executive Director, Senior Vice President, and Global Chief Operating Officer, effective January 19, 2026 [1] Group 1 - Mr. Hervé Paul Gino BOYER is leaving the company to seek new opportunities [1]

智通财经APP讯，耐世特(01316)发布公告，BOYER, Hervé Paul Gino先生为寻求新机遇，已辞任公司执 行董事、高级副总裁及全球首席运营官，自2026年1月19日起生效。 ...

格隆汇1月15日丨耐世特(01316.HK)宣布，BOYER,Hervé Paul Gino为寻求新机遇，已辞任公司执行董 事、高级副总裁及全球首席运营官，自2026年1月19日起生效。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 表 明 概 不 就 因 本 公 告 全 部 或 任 何 部 分 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 Nexteer Automotive Group Limited 耐世特汽車系統集團有限公司 （根 據 開 曼 群 島 法 例 註 冊 成 立 的 有 限 公 司） （股 份 代 號：1316） 香 港，2026年1月15日 於本公告日期，本公司的執行董事為丁峰濤先生（主席及首席執行官）、MILAVEC, Robin Zane先生及BOYER, Hervé Paul Gino先 生；非 執 行 董 事 為 雷 自 力 先 生、張 文 冬 女 士 及 喬 堃 先 生；及 獨 立 非 執 行 董 事 為 劉 健 君 先 生、王 斌 博 士 及 岳 雲 先 生。 BOYER先 生 已 確 認，彼 與 董 事 會 之 間 並 無 意 見 分 歧。唯 一 需 要 關 注 的 事 項 是， BOYER先生 ...

Core Viewpoint - The report from Zhongyin International predicts that the operational performance of Naisite will be stable in the second half of last year, supported by increased demand in North America and Europe, exchange rate factors, and stability in the Chinese market [1] Financial Performance - Revenue is expected to grow by 7% year-on-year to reach $2.3 billion, marking a new high for the half-year period [1] - Net profit is projected to exceed $70 million, continuing the profit recovery trend since 2024 [1] Market and Regulatory Factors - Naisite's optimization and restructuring efforts in North America have shown initial results [1] - A new national standard for automotive steering systems will be implemented in July this year, removing mandatory mechanical connection requirements, which is expected to clear key regulatory obstacles and accelerate the application of steer-by-wire technology [1] Profit Forecast and Rating - The net profit forecast for Naisite for 2025 and 2026 has been raised by 7% to 10%, now estimated at $137 million and $160 million respectively [1] - The rating has been upgraded to "Buy," with the target price increased to HKD 9 [1]

Group 1 - The stock of NEXTEER (01316.HK) increased by over 3%, specifically rising by 3.17% to reach HKD 7.16 [1] - The trading volume for NEXTEER amounted to HKD 15.8372 million [1]

Group 1 - The core viewpoint of the article indicates that Nexperia (01316) has seen a stock increase of over 3%, currently trading at 7.16 HKD with a transaction volume of 15.84 million HKD [1] - According to a report from CCB International, the company is expected to experience a stable operational performance in the second half of last year, supported by increased demand in North America and Europe, currency factors, and stability in the Chinese market [1] - Revenue is projected to grow by 7% year-on-year, reaching 2.3 billion USD, marking a new high for the half-year period, while net profit is expected to exceed 70 million USD, continuing the profit recovery trend since 2024 [1] Group 2 - The report highlights that Nexperia's optimization and restructuring efforts in North America have shown initial results [1] - A new national standard for automotive steering systems will be implemented in July this year, which eliminates mandatory mechanical connection requirements, helping to clear key regulatory obstacles [1] - This change is anticipated to accelerate the application of steer-by-wire technology, driving revenue growth in Nexperia's steer-by-wire business [1]

Core Viewpoint - The report from CCB International indicates that NEXTEER (01316) is expected to see stable operational performance in the second half of last year, driven by increased demand in North America and Europe, favorable exchange rate factors, and stability in the Chinese market [1] Group 1: Financial Performance - Revenue is projected to grow by 7% year-on-year, reaching $2.3 billion, marking a new high for the half-year period [1] - Net profit is expected to exceed $70 million, continuing the profit recovery trend since 2024 [1] Group 2: Market and Regulatory Factors - NEXTEER's optimization and restructuring efforts in North America have shown initial success [1] - The new national standard for automotive steering systems will be implemented in July, removing mandatory mechanical connection requirements, which is anticipated to clear key regulatory hurdles [1] - This regulatory change is expected to accelerate the application of steer-by-wire technology, driving revenue growth in NEXTEER's steer-by-wire business [1]

Core Viewpoint - The report from BOC International predicts that the operational performance of Tenneco in the second half of last year will be stable, supported by increased demand in North America and Europe, exchange rate factors, and stability in the Chinese market [1] Group 1: Financial Performance - Revenue is expected to grow by 7% year-on-year, reaching $2.3 billion, marking a new semi-annual high [1] - Net profit is projected to exceed $70 million, continuing the profit recovery trend since 2024 [1] Group 2: Operational Developments - The optimization and restructuring of Tenneco's North American facilities have shown initial results [1] - The new national standard for automotive steering systems will be implemented in July, removing mandatory mechanical connection requirements, which is expected to clear key regulatory obstacles [1] Group 3: Future Projections - The net profit forecasts for Tenneco for 2025 and 2026 have been raised by 7% to 10%, now estimated at $137 million and $160 million respectively [1] - The rating has been upgraded to "Buy," with the target price increased to HKD 9 [1]