汽车与零部件行业周报：鸿蒙智行发布问界M8、享界S9增程版及尚界品牌，地平线征程6P发布-20250422

Investment Rating - The industry investment rating is "Increase" (maintained) [1] Core Viewpoints - The automotive sector has shown a decline of 0.79% in the past week, ranking 28th among 31 first-level industries in the Shenwan classification. The best-performing sub-sector was automotive services, which increased by 1.95% [2] - The new models launched by Hongmeng Zhixing, including the Wanjie M8 and Xiangjie S9, have received significant pre-orders, indicating strong market interest. The Wanjie M8, priced between 359,800 to 449,800 yuan, achieved over 44,000 orders within 72 hours of its launch [3][4] - The release of the Horizon Journey 6P smart driving chip marks a significant advancement in autonomous driving technology, with a processing power of 560 TOPS and support for 18MP front-view perception [5] Market Performance - The automotive market retail sales from April 1 to 13 reached 515,000 units, showing a year-on-year increase of 8% but a month-on-month decrease of 14%. The new energy vehicle market retail sales were 275,000 units, up 15% year-on-year but down 17% month-on-month [3] - The top five companies in terms of stock performance were Teli A, Jianbang Technology, Jiuqi Co., ST Shuguang, and Taide Co., with increases ranging from 13.37% to 31.78%. Conversely, the bottom five companies included Weichai Heavy Machinery and New Spring Co., with declines ranging from 7.27% to 13.96% [3] Strategic Developments - The entry of the Wanjie brand into the Egyptian market and the localization project in Malaysia by Stellantis and Leap Motor indicate a growing international presence for domestic brands [7] - The Ministry of Commerce is promoting the "Vehicle-Road-Cloud Integration" application pilot, which aims to enhance infrastructure development and the industrialization of smart connected vehicles [8] Investment Recommendations - Recommended companies for vehicle manufacturing include BYD, Great Wall Motors, China National Heavy Duty Truck Group, and Foton Motor. For auto parts, recommended companies include Huguang Co., Lingyun Co., and Yilun Co. [9]