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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
上海证券·2025-04-22 02:23

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, while the Shanghai and Shenzhen 300 index increased by 0.59% [2] - The new models launched by Hongmeng Zhixing, including the Wanjie M8 and Xiangjie S9, have received significant pre-orders, indicating strong market interest [3][4] - The release of Horizon's new smart driving chip, Journey 6P, is expected to enhance the capabilities of autonomous driving systems in the automotive industry [5] - Domestic brands are increasing their international presence, with Wanjie entering the Egyptian market and a localization project for Leap Motor in Malaysia [7] - The Chinese government is promoting the integration of vehicle-road-cloud applications to support the development of smart connected vehicles [8] Market Performance - The automotive sector's weekly performance showed a decline of 0.79%, with the best-performing sub-sector being automotive services, which increased by 1.95% [2] - Retail sales of passenger vehicles in China reached 515,000 units from April 1-13, showing a year-on-year increase of 8% but a month-on-month decrease of 14% [3] Investment Recommendations - Recommended companies for vehicle manufacturing include BYD, Great Wall Motors, China National Heavy Duty Truck Group, and Foton Motor [9] - Recommended companies for automotive parts include Huguang Co., Lingyun Co., Yinlun Co., Bertley, Longsheng Technology, Yunyi Electric, Zhejiang Xiantong, Bojun Technology, and Doli Technology [9]