Investment Rating - The industry investment rating is optimistic (maintained) [1] Core Viewpoints - The report emphasizes the importance of the new governance plan for the vehicle transport industry, which aims to standardize operations and eliminate non-compliant vehicles, benefiting leading players like Changjiu Logistics [5][27] - The report highlights the advancements in intelligent driving technology, with companies like Li Auto and Xpeng showcasing new algorithms, which are expected to enhance market competitiveness [6][28] - The report notes the significant growth in the sales and delivery of vehicles equipped with Huawei's intelligent driving technology, indicating a strong market presence [29] Summary by Sections Weekly Market Review - The A-share automotive sector saw a weekly increase of 3.08%, ranking 9th among SW primary industries, with a cumulative increase of 16.21% since the beginning of 2025, ranking 12th [12][13] Weekly Topic: Standardization of Vehicle Transport Industry - The Ministry of Transport, Ministry of Public Security, and Ministry of Industry and Information Technology jointly issued a governance action plan to regulate the vehicle transport industry from July to December 2025 [5][20] - The new governance plan includes strict vehicle market entry management, enhanced loading supervision, and increased law enforcement checks to eliminate illegal vehicles [26][27] - The report anticipates that leading players will benefit from the standardization efforts, as non-compliant vehicles are expected to be phased out, leading to a more rational pricing structure [27] Weekly Insights: Focus on Intelligent Driving Innovations - The report suggests monitoring the developments in intelligent driving technology and strong vehicle models in the third quarter, as these are expected to create significant market opportunities [6][28] - It recommends focusing on strong OEMs in the intelligent driving sector and those targeting the high-end market, as well as component manufacturers with strong performance and low valuations [8][28] Weekly Highlights - Huawei's intelligent driving technology has been adopted in over 1 million vehicles, indicating a robust market presence [29] - The Ministry of Finance announced interest subsidies for consumer loans over 50,000 yuan, which may stimulate automotive sales [40] Investment Recommendations - The report recommends investing in strong OEMs such as Xpeng Motors, SAIC Group, BYD, and others, as well as component manufacturers like Huayang Group and Desay SV [8][45]