汽车行业跟踪：中美双方修改关税条款，华为与优必选科技签署全面合作协议

Investment Rating - The investment rating for the automotive industry is "Positive" [2] Core Insights - The report highlights significant developments in the automotive industry, including the modification and suspension of tariffs between the US and China, which is expected to enhance trade relations and market dynamics [3][8] - Huawei has signed a comprehensive cooperation agreement with UBTECH in the field of embodied intelligence and humanoid robots, indicating a trend towards innovation in automotive technology [3][8] - The report notes that major automotive companies are accelerating their electric and intelligent transformation, supported by favorable policies, which is likely to sustain steady growth in industry sales [5] Industry News - The US will suspend 24% of tariffs on Chinese goods for the first 90 days, while retaining 10% of the tariffs, and China will adjust its tariffs on US goods accordingly [3][8] - Enjoy Travel and Momenta have signed a strategic cooperation agreement to create the world's first mass-produced Robotaxi fleet, set to launch operations in Shanghai [3][8] - Avita has achieved an 8.25% market share in the UAE luxury new energy vehicle segment, with over 100 units delivered since its launch [3][8] - Xpeng has teased a new sporty coupe model, E29, which is expected to set new standards in automotive aesthetics [3][8] - Tesla's Shanghai Gigafactory exported nearly 30,000 Model 3 and Model Y vehicles in April, marking a record high for monthly exports [3][8] - Leap Motor announced the launch of its 2026 C10 model, with pre-sale prices starting at 129,800 yuan [3][8] - The first model from Leida, L60, has surpassed 40,000 sales since its delivery began [3][8] - Geely has announced its 2025 product plan, including new models set to launch in the coming quarters [3][8] - Top Group has completed the acquisition of Wuhu Changpeng, enhancing its competitiveness in automotive soft interiors and NVH [3][8] Market Performance - The automotive sector in A-shares outperformed the broader market, with a weekly increase of 2.71%, leading among all sectors [5][10] - The passenger vehicle sector saw a PE valuation increase, while the commercial vehicle sector experienced a decline [20] - Key stocks such as Leap Motor and Ideal Auto led the gains in the passenger vehicle sector [5][15]