汽车行业简评：2025上海车展开幕在即，高阶智驾新品蓄势待发

Investment Rating - The industry investment rating is "Market Weight" indicating that the industry index is expected to perform within -10% to 10% relative to the CSI 300 index over the next six months [7]. Core Insights - The 2025 Shanghai Auto Show is set to take place from April 23 to May 2, featuring nearly 1,000 exhibitors from 26 countries, with over 100 new car launches expected [6]. - The automotive industry is experiencing a dual trend of advanced driving technology becoming more accessible and breakthroughs in electric vehicle efficiency [6]. - Domestic automakers are focusing on a strategy of "high-end penetration and full-scale downscaling," while joint ventures are accelerating their transition to electric and intelligent vehicles [6]. - Investment recommendations include focusing on high-quality electric and intelligent supply chains, particularly those with strong sales elasticity like Huawei, Xiaomi, and Li Auto, as well as companies like BYD and Geely that are enhancing consumer experiences through technology [6]. Summary by Sections Industry Overview - The Shanghai Auto Show will showcase significant advancements in automotive technology and a wide range of new models, which may boost consumer purchasing sentiment [6]. Technological Trends - Advanced driving technology is becoming mainstream, with hardware like LiDAR being integrated into more affordable models, and significant upgrades in computing power supporting advanced driving features [6]. - The electric vehicle sector is seeing improvements in range and charging efficiency, with 800V high-voltage fast charging becoming standard [6]. Company Dynamics - Domestic and new energy vehicle manufacturers are diversifying their product offerings across various market segments, while joint ventures are enhancing their electric and intelligent capabilities [6]. Investment Recommendations - The report suggests a positive outlook for the electric and intelligent automotive supply chain, recommending specific companies that are well-positioned to benefit from these trends [6].