Core Insights - The report maintains a positive investment rating for the sector, highlighting potential growth opportunities driven by recent developments in the electric vehicle market, particularly with Tesla's initiatives in China and the U.S. [2][6] Market Performance - During the week from June 2 to June 6, the Shanghai Composite Index closed at 3385 points, up 1.13%, while the Shenzhen Component Index rose 1.42% to 10184 points. The ChiNext Index increased by 2.66% to 2867 points. The large-cap index closed at 3438 points, up 0.75%, and the small-cap index closed at 4476 points, up 2.05%, with a small-cap to large-cap closing index ratio of 1.30 [10][11]. Key Events - **Tesla China Referral Program**: On June 5, Tesla China launched a referral program offering dual benefits for both referrers and buyers. Referrers can earn up to 8000 yuan in Tesla points for successful referrals, while buyers can receive 8000 yuan off paint options upon delivery [14][15]. - **Tesla's Inclusion in "Rural Electrification" Program**: On June 3, Tesla was included in China's 2025 "Rural Electrification" initiative, which features 124 models, marking the first time Tesla has been listed in this program [16][17]. - **Cybertruck Discount in the U.S.**: On June 6, Tesla announced a 5-year interest-free loan for the Cybertruck, available to customers who purchase the Full Self-Driving (FSD) package for $8000, with the promotion ending on June 30 [17][18]. - **Tesla's May Sales Figures**: In May, Tesla's wholesale sales in China reached 61,662 units, reflecting a year-on-year decrease of 15% but a month-on-month increase of 5.5% compared to April's sales of 58,459 units [20][21]. Investment Recommendations - The report suggests focusing on companies such as Top Group, Sanhua Intelligent Control, Yinlun Holdings, and Hengli Hydraulic, as they are expected to benefit from the ongoing developments in the electric vehicle sector and related technologies [6][20].