汽车周报：智驾强标量化头部企业优势，持续投入没有退路可言-20250518

Investment Rating - The report maintains a positive outlook on the automotive industry, particularly in the intelligent driving sector, emphasizing the importance of companies with standard-setting capabilities [3]. Core Insights - The new standards in the intelligent driving field will enhance competition among automotive companies, rewarding those with genuine capabilities and significant reinvestment in technology [3][4]. - The report highlights the importance of companies like Xiaomi, Geely, Xpeng, Li Auto, Huawei, and BYD, as well as key component suppliers [3]. - Recent data indicates a retail total of 443,000 passenger cars in the 19th week of 2025, with a 6.5% increase from the previous week, and a 50.11% penetration rate for new energy vehicles [3]. - The automotive industry index rose by 2.40% this week, outperforming the Shanghai Composite Index, which increased by 1.12% [13]. Industry Updates - The new mandatory national standard for automatic emergency braking systems is in the public consultation phase, expanding its applicability to light commercial vehicles and enhancing the assessment of driving capabilities [4]. - NIO launched the new ES6 and EC6 models, featuring significant upgrades and competitive pricing, with the ES6 starting at 338,000 CNY and the EC6 at 358,000 CNY [5][9]. - Xpeng unveiled the new P7 model, which aims to redefine electric coupe aesthetics and is expected to create a stir in the high-end electric sedan market [10]. Market Conditions - The automotive industry recorded a total transaction value of 512.936 billion CNY this week, reflecting a 42.57% increase [3]. - The report notes that 195 automotive stocks rose while 94 fell, with the largest gainers being Chengfei Integration and Zhaofeng Shares, which increased by 61.1% and 34.8%, respectively [18]. - The report emphasizes the ongoing focus on robotics within the market, suggesting attention to companies like Longsheng Technology [3]. Investment Recommendations - The report recommends strong domestic manufacturers such as BYD, Geely, and Xpeng, as well as companies involved in intelligent technology and central enterprise reforms [3]. - It suggests monitoring component suppliers with strong growth potential and overseas expansion capabilities, including Fuyao Glass and New Spring Shares [3].