Core Insights - The automotive industry's digital transformation has progressed significantly over the past decade, moving from initial concepts to systematic implementation, driven by new policies that outline a comprehensive roadmap for development [2][3][4]. Group 1: Digital Transformation Overview - The digital transformation in the automotive sector is a response to global technological revolutions and industrial changes, marking it as a key area for manufacturing digitalization [3]. - The industry has shifted from a focus on incremental competition to a more substantial transformation, necessitating a choice for companies to embrace digitalization or risk obsolescence [3][4]. - The recent implementation plan by multiple government departments outlines key tasks across the entire automotive value chain, emphasizing the importance of digitalization, networking, and intelligence [2][4]. Group 2: Implementation Plan and Goals - The implementation plan sets a target for high-quality development through smart manufacturing, aiming to enhance the resilience and safety of the automotive supply chain [4][10]. - By 2027, the plan aims for deep integration of smart technologies across research, production, supply, sales, and service, with a focus on improving production efficiency and service systems [10]. - The long-term goal for 2030 is to achieve a high level of overall digitalization in the industry, emphasizing the importance of ecological collaboration and value creation [10]. Group 3: Key Actions and Tasks - The plan identifies six major actions and 15 key tasks to address current challenges in the automotive industry, providing a strong framework for policy implementation [8][11]. - It emphasizes the need for a comprehensive digital transformation system that spans the entire lifecycle of automotive production and service, breaking away from fragmented approaches [9]. - The plan introduces a "three-tier empowerment" strategy to support small and medium enterprises in digital transformation, fostering collaboration across different company sizes [9]. Group 4: Digitalization Achievements - The automotive industry has seen significant improvements in efficiency through digital tools, such as a 2000-fold increase in efficiency in autonomous driving simulations [6]. - Major automotive companies have established smart factories and digital workshops, enhancing manufacturing efficiency and product quality [6]. - Digitalization in after-sales services has standardized operations and reduced inefficiencies, contributing to overall industry improvements [6]. Group 5: Marketing and Consumer Engagement - The shift from traditional transaction-based marketing to value-driven operations has redefined relationships between automotive companies and consumers, opening new growth avenues [4][17]. - Digital marketing strategies enable companies to create precise customer profiles and deliver personalized marketing solutions, significantly improving conversion rates [4][17]. - The focus on data-driven marketing and proactive user services reflects the industry's need to adapt to diverse consumer demands in the digital age [15][17]. Group 6: Future Trends and Innovations - The plan outlines eight typical scenarios for digital transformation, including intelligent collaborative research and flexible production, which are essential for industry evolution [14]. - Predictive maintenance services, enabled by data analytics, are transforming traditional reactive service models into proactive solutions, enhancing user satisfaction and safety [18]. - The integration of data-driven services is expected to redefine automotive marketing and service models, transitioning from product-driven to value-driven approaches [17][18].

Core Viewpoint - The implementation plan aims to promote high-quality development in the automotive industry through digital transformation, focusing on smart manufacturing and the integration of new information technologies like artificial intelligence [1][2]. Group 1: Top-Level Design - The automotive industry is a crucial pillar of the national economy, with a long industrial chain and strong interconnections, making it a key area for digital transformation [2]. - The national policy framework for the automotive industry's digital transformation has been established, including the "14th Five-Year Plan" and various development plans for new energy vehicles [2]. - Current challenges include insufficient top-level design, inadequate data application, and slow transformation among small and medium-sized enterprises (SMEs) [2][3]. Group 2: Key Tasks and Goals - The implementation plan sets two development goals: by 2027, significant improvements in smart manufacturing capabilities and digital levels for component manufacturers, with specific targets for tool usage and automation rates [4]. - The plan outlines six major actions to achieve these goals, including assessment and improvement actions, empowerment for SMEs, and the establishment of a standard system [4][5]. Group 3: Focus on SMEs - The plan emphasizes the need to empower SMEs in the automotive parts sector, addressing challenges such as high transformation costs and the prevalence of basic communication capabilities [5]. - Talent shortages in the automotive industry are highlighted, with a growing demand for professionals skilled in multiple disciplines [5][6]. Group 4: Typical Scenarios and Innovations - The implementation plan includes a list of typical scenarios for digital transformation across various stages, such as smart collaborative R&D and flexible production [7]. - Leading companies like BYD are advancing their smart manufacturing capabilities, utilizing data-driven approaches for predictive maintenance and production optimization [7][8]. - Automotive manufacturers are increasingly demanding real-time data interfaces from suppliers, pushing them towards becoming system-level solution providers [8].

Group 1 - The Hong Kong Automotive ETF (520720) rose over 0.6% on January 9, driven by market attention on policies and transformation prospects [1] - Guohai Securities noted that the "Two New" policy will continue to implement subsidies for vehicle scrapping and replacement updates in 2026, adjusting fixed subsidies to be proportional to vehicle prices, with new energy passenger vehicle scrapping subsidies reaching 12% of the vehicle price (up to 20,000 yuan) and replacement subsidies at 8% (up to 15,000 yuan) [1] - The Ministry of Industry and Information Technology and three other departments jointly issued the "Implementation Plan for Digital Transformation of the Automotive Industry," aiming for deep application of digital technologies by 2027 and a high level of overall digitalization in the industry by 2030 [1] Group 2 - The year-on-year growth rate of passenger vehicles may decline by the end of 2025, but the high-end market is expected to perform relatively better in 2026 amid expectations of policy tapering, with a positive outlook on the high-end breakthrough of independent brands [1] - The Hong Kong Automotive ETF (520720) tracks the Hong Kong Stock Connect Automotive Index (931239), which selects listed companies involved in vehicle manufacturing and related industries within the Stock Connect scope, covering electric passenger vehicles and intelligent driving [1] - This index focuses on the automotive sector, reflecting the development trends of electrification and intelligence in the industry, thereby representing the overall performance of listed companies related to the automotive industry [1]

Core Viewpoint - The Ministry of Industry and Information Technology and three other departments have jointly issued the "Implementation Plan for Digital Transformation of the Automotive Industry," outlining a two-phase development goal for the industry by 2030 [1] Group 1: Development Goals - By 2027, smart manufacturing capabilities of benchmark vehicle manufacturers will improve by one level, and the digitalization level of parts manufacturers will significantly increase [1] - The plan aims for a labor productivity increase of 10% compared to 2025, with product development and delivery cycles shortened by 20% [1] - The goal includes creating replicable smart factory models and nurturing over 20 industry solution providers for smart manufacturing systems [1] Group 2: Key Actions - The plan outlines six major actions, including diagnostic assessments, digital transformation support for small and medium-sized auto parts enterprises, AI application demonstrations, and the establishment of a standard system [1] - It encompasses 15 key tasks to facilitate the digital transformation process within the industry [1] Group 3: Typical Scenarios - The plan identifies eight typical scenarios for digital transformation across five areas: R&D, production, supply chain, sales, and service [2] - Each scenario includes specific transformation goals, implementation methods, and necessary conditions to guide industry practices [2]

Core Viewpoint - The Ministry of Industry and Information Technology and three other departments have jointly issued the "Implementation Plan for Digital Transformation in the Automotive Industry," outlining a two-phase development goal for the industry by 2030 [1][2] Group 1: Development Goals - By 2027, smart technology will be deeply integrated into research, production, supply, sales, and service processes, leading to significant improvements in manufacturing maturity and production efficiency [1] - By 2030, the overall digital development of the automotive industry is expected to reach a high level [1] Group 2: Specific Targets for 2027 - The maturity level of intelligent manufacturing capabilities for benchmark vehicle manufacturers will increase by one level, and the digitalization level of parts manufacturers will significantly improve [1] - The penetration rate of research and design tools will exceed 95%, and the numerical control rate of key processes will exceed 70% [1] - Labor productivity in the industry is projected to increase by 10% compared to 2025, while product development and delivery cycles are expected to shorten by 20% [1] - The plan aims to create replicable smart factory models and cultivate over 20 industry solution providers for intelligent manufacturing systems [1] Group 3: Six Major Actions - The plan outlines six major actions, including diagnostic assessment and improvement initiatives, digital transformation empowerment for small and medium-sized automotive parts enterprises, demonstration actions for typical scenarios and AI applications, gradient cultivation of industry entities, standard system improvement, and key technology breakthroughs [1] Group 4: Typical Scenarios for Digital Transformation - The plan proposes eight typical scenarios for digital transformation across five areas: research and development, production, supply chain, sales, and service, including intelligent collaborative R&D and flexible agile production [2] - Each scenario includes transformation goals, implementation methods, and necessary conditions to provide practical guidance for industry enterprises [2]

Group 1 - The core viewpoint of the article is the issuance of the "Implementation Plan for Digital Transformation of the Automotive Industry," which aims to enhance the digitalization and intelligent upgrade of the automotive sector in China [3][4]. - The automotive industry is recognized as a crucial pillar of the national economy, with a long industrial chain and significant impact on manufacturing digital transformation [4]. - The plan outlines two development goals: by 2027, significant improvements in smart manufacturing capabilities and digital levels of component enterprises, and by 2030, achieving a high level of overall digital development in the industry [5]. Group 2 - The plan includes six major actions with 15 key tasks, such as improving diagnostic assessment systems, empowering small and medium-sized component enterprises, and promoting typical scenarios and AI applications [6]. - The implementation will be supported by four measures: strengthening organizational collaboration, improving support policies, enhancing talent assurance, and increasing safety supervision [6]. - A list of typical scenarios for digital transformation across five areas—R&D, production, supply chain, sales, and service—has been provided to guide industry practices [6]. Group 3 - The "2026 Large-Scale Equipment Update and Consumer Goods Replacement Policy" aims to promote the replacement of old vehicles and equipment, including support for electric buses and old freight vehicles [10][11]. - Specific subsidies are outlined for consumers who scrap old vehicles and purchase new energy vehicles or low-emission fuel vehicles, with subsidies reaching up to 20,000 yuan for new energy vehicles [11][12]. - The policy emphasizes the importance of a unified national market and standardizes the subsidy process for vehicle replacement and recycling [12]. Group 4 - The "2026 Automotive Replacement Subsidy Implementation Details" document specifies the eligibility criteria for consumers to receive subsidies for scrapping and replacing vehicles, including the requirement for vehicles to be registered before certain dates [19][21]. - The subsidy amounts are set at 12% of the new vehicle price (up to 20,000 yuan) for new energy vehicles and 10% (up to 15,000 yuan) for low-emission fuel vehicles [19][21]. - The document outlines the application process for consumers, including necessary documentation and submission procedures [20][22]. Group 5 - The announcement regarding the "Road Motor Vehicle Production Enterprises and Products" includes a list of approved manufacturers and models eligible for tax exemptions and subsidies [38][39]. - A total of 625 models are included in the directory for energy-saving vehicles, with 553 models classified as new energy vehicles [41]. - The directory aims to support the development of the new energy vehicle market by providing clear guidelines for manufacturers and consumers [39][42].

Core Viewpoint - The implementation plan for the digital transformation of the automotive industry aims to enhance top-level design, guide digital collaboration among enterprises of all sizes, and promote high-quality development in the automotive sector [1][5]. Group 1: Development Goals - The automotive industry is a key area for digital transformation, with a focus on supporting the construction of a strong automotive nation and promoting new industrialization [2]. - The implementation plan sets two development goals: by 2027, deep integration of digital technologies in various business processes will significantly improve manufacturing maturity and efficiency; by 2030, the overall digital development of the industry will reach a high level [3]. Group 2: Key Tasks - The implementation plan outlines "six major actions" comprising 15 key tasks, including: 1. Diagnostic assessment and improvement actions to enhance evaluation systems and promote industry exchanges [4]. 2. Empowering small and medium-sized automotive parts enterprises in their digital transformation, focusing on equipment upgrades and industrial internet applications [4]. 3. Demonstration actions for typical scenarios and AI applications to cultivate industry-specific solutions [4]. - Additional actions include fostering a resource matrix for specialized service providers and enhancing standardization and data interoperability [4]. Group 3: Typical Scenarios - The implementation plan includes a list of eight typical scenarios across five business areas, such as intelligent collaborative R&D and flexible agile production, with specific goals and methods for transformation [7]. - In the intelligent collaborative R&D scenario, the plan emphasizes creating a collaborative platform to streamline internal processes and facilitate data sharing between companies [7]. - For flexible agile production, the plan advocates for data-driven smart scheduling and the integration of various data sources to enable rapid customization and efficient delivery of products [7]. - The supply chain intelligent collaboration scenario aims to establish a unified platform for data sharing among automotive companies and suppliers, enhancing overall supply chain integration [8].

Investment Rating - The industry investment rating is "Overweight," indicating an expected outperformance of the industry index relative to the benchmark by more than 5% in the next six months [58]. Core Insights - The automotive parts sector saw a weekly increase of 2.91%, ranking first among the SW automotive sector, with a year-to-date increase of 42.58% [2][15]. - The robotics sector experienced a weekly rise of 3.73%, with a year-to-date increase of 62.08%, outperforming the automotive parts sector by 0.83% [2][29]. - Key companies in the automotive parts sector are making strategic moves, such as Silver Wheel's investment of 380 million yuan in capacity expansion and Huada Technology's announcement of a cash dividend plan [2][51]. Summary by Sections Automotive Parts Sector Weekly Review - The automotive parts sector ranked first in the SW automotive index this week, with a year-to-date performance of +42.58% [15][19]. - The sector's PE (TTM) is at a historical 79.44% percentile, and PB (LF) is at 75.50% [27]. - The top-performing stocks this week include Xinquan Co. (+14.05%), Beite Technology (+11.64%), and Top Group (+8.26%) [2][46]. Robotics Sector Weekly Review - The robotics index increased by 3.73% this week, with a year-to-date performance of +62.08% [29]. - The sector's PE (TTM) is at a historical 45.12% percentile, and PB (LF) is at 54.43% [39]. - Notable developments include the planned A-share listing of Yuejiang Technology and the H-share listing of Zhejiang Rongtai [40]. Key Company Tracking - Key companies in the automotive parts sector include Fuyao Glass, Top Group, and Silver Wheel, with significant recent announcements regarding capacity expansion and dividend plans [51][46]. - The top five stocks by weekly performance are Xinquan Co., Beite Technology, Top Group, Daimai Co., and New Coordinates [2][46]. Investment Recommendations - For the automotive parts sector, focus on companies with structural opportunities, particularly those enhancing ASP through high-value segments and expanding capacity in Europe, North America, and Southeast Asia [2][53]. - In the robotics sector, look for certainty in opportunities, especially with the upcoming release of Optimus V3 and the application of domestic manufacturers [2][53].

1. Report Industry Investment Rating No information provided in the given content. 2. Core Viewpoints of the Report - China's new energy vehicle market penetration has rapidly increased in the past few years, exceeding 50% in 2025. In 2025, the domestic market shifted to "anti - involution", and exports gradually became a new growth point [3][122]. - Considering the overseas market trade environment, trade protectionism in Europe and the United States is severe, while countries along the Belt and Road and the Middle East have good development prospects. Regarding the development of the overseas new energy vehicle market itself, the development space of new energy vehicles in non - US regions is generally optimistic [3][122]. - In terms of the competition pattern, the market share of self - owned brands continues to expand. Enterprises with strong product capabilities, smooth overseas expansion, and high supply stability will be the core beneficiaries [3][122]. 3. Summary According to Relevant Catalogs 3.1 Financial Market Tracking - The report shows the one - week price changes of related sectors and listed companies, including the closing prices and one - week price change percentages of many vehicle manufacturers and power battery and material companies [12][15]. 3.2产业链数据跟踪 3.2.1 China New Energy Vehicle Market Tracking - **Sales and Exports**: Information on China's new energy vehicle sales, penetration rate, domestic sales, and exports is presented through relevant charts [16][18][20]. - **Inventory Changes**: Charts show the monthly new additions of new energy passenger vehicle channel inventory and manufacturer inventory [25][26]. - **Delivery Volume of Chinese New Energy Vehicle Enterprises**: The monthly delivery volumes of many new energy vehicle companies such as Leapmotor, Li Auto, XPeng, and NIO are presented [29][30][35]. 3.2.2 Global and Overseas New Energy Vehicle Market Tracking - **Global Market**: Charts show global new energy vehicle sales, penetration rate, and sales of EV and PHV [40][41][43]. - **European Market**: Information on European new energy vehicle sales, penetration rate, and sales of EV and PHV in countries like the UK, Germany, and France is presented [45][46][51]. - **North American Market**: Charts show North American new energy vehicle sales, penetration rate, and sales of EV and PHV [59][60][62]. - **Other Regions**: Information on new energy vehicle sales, penetration rate, and sales of EV and PHV in regions like Japan, South Korea, and Thailand is presented [63][64][67]. 3.2.3 Power Battery Industry Chain - Information on power battery loading volume (by material), export volume (by material), weekly average price of battery cells, and costs of cell materials is presented. It also includes data on the operating rates and prices of various battery materials such as ternary materials, phosphoric acid iron lithium, and negative electrode materials [79][81][84]. 3.2.4 Other Upstream Raw Materials - The daily prices of rubber, glass, steel, and aluminum are presented [100][101][102]. 3.3 Hot News Summaries 3.3.1 Industry Dynamics: China - In 2026, the implementation details of the car trade - in subsidy were introduced. The subsidy method changed from fixed - amount subsidy to subsidy based on the proportion of the new car's selling price, with the subsidy cap remaining unchanged [107]. - Four departments including the Ministry of Industry and Information Technology jointly issued the "Implementation Plan for the Digital Transformation of the Automobile Industry", proposing two - stage development goals and six key tasks [109]. - According to the Passenger Car Association, from December 1 - 28, the new energy retail sales increased by 5% year - on - year, and the cumulative retail sales since this year increased by 18% year - on - year [110]. 3.3.2 Enterprise Dynamics - BYD's sales in December 2025 were 420,398 vehicles. In 2025, its annual sales of pure - electric vehicles exceeded Tesla's for the first time, ranking first globally [112]. - Geely Auto's sales in December 2025 were 236,817 vehicles. It announced a sales target of 3.45 million vehicles in 2026 [113][115]. - Chery Group's sales in December 2025 were 244,928 vehicles. In 2026, it aims to have a sales growth rate 10 - 20 percentage points higher than the industry average [116][118]. - Xiaomi Auto's delivery volume in December 2025 exceeded 50,000 vehicles, and its delivery target in 2026 is 550,000 vehicles. It also plans to launch four new models in 2026 [119]. 3.4 Industry Views - From December 1 - 28, 2025, the retail growth rate of the domestic passenger car market was - 17%, and the new energy growth rate was + 5%. As of December 28, 2025, the cumulative annual growth rates were 4% and 18% respectively. Self - owned brands such as BYD and Geely remained strong, and exports became a new growth point [120]. - The US new energy vehicle market declined in November 2025, while the European and other regions showed growth. Overall, the development space of new energy vehicles in non - US regions is optimistic [121]. 3.5 Investment Suggestions - China's new energy vehicle market penetration rate has rapidly increased, and exports have become a new growth point. Non - US regions have good development prospects, and self - owned brands with certain advantages will be the core beneficiaries [122].

Core Viewpoint - The recent implementation plan for the digital transformation of the automotive industry aims to enhance the industry's high-quality development through digital collaboration among enterprises of all sizes, supported by various government departments [2][3]. Group 1: Development Goals - The implementation plan outlines two development phases: by 2027, deep integration of digital technologies in research, production, supply, sales, and service will significantly improve manufacturing maturity and efficiency; by 2030, the overall digital development of the industry is expected to reach a high level [4]. Group 2: Key Tasks - The plan includes 15 key tasks organized into six major actions, such as improving diagnostic assessment systems, empowering small and medium-sized automotive parts enterprises in their digital transformation, and promoting the application of industrial internet and 5G technologies [5][6]. Group 3: Typical Scenarios - Eight typical digital scenarios are proposed, focusing on intelligent collaborative research, flexible agile production, and supply chain integration, with specific goals and methods outlined for each scenario to guide industry practices [7][8].