I. Review of the performance of Automobile stocks: last week's Automobile Index + 0Tikiinfinityreelsmegaways.17%TikiinfinityreelsmegawaysHS300 index + 1.72%, cars are weaker than the market. BYD, Koboda, Weichai Power, Yutong bus and other strong performance; Cyrus, SAIC Group and other weak performance. Second, industry trends and trend prospects: [China Automobile Association: April car sales 2.36 million, year-on-year + 9.3%] according to the statistics of the China Automobile Association, China's overall automobile sales in April 2024 were 2.359 million, an increase of 9.3% over the same period last year. 9.079 million vehicles in January-April, an increase of 10.2%. Among them, (1) passenger cars: April sales were 2.001 million, up 10.5% over the same period last year; (2) commercial vehicles: April sales were 357000, up 2.8% from January to April; up 8.1%; (3) New Energy vehicles: April sales were 850000, up 33.5% from the same period last year. Total sales from January to April were 2.94 million, up 32.3% over the same period last year; (4) Chinese brand passenger cars: April sales were 1.272 million, up 27.3% from the same period last year; (5) Automobile exports: April exports were 504000, up 0.4% from the previous month, up 34.0% from the same period last year, and exports accounted for 21.4%. The cumulative export volume from January to April was 1.827 million, up 33.4% from the same period last year; (6) domestic car sales in April were 1.855 million, down 15.4% from the previous month, up 4.1% from January to April, up 5.2% from last year. Automobile exports are better than domestic sales. Recently, seven departments, including the Ministry of Commerce and the Ministry of Finance, issued the "detailed rules for the implementation of Automobile Trade-in subsidies", giving greater scrapping subsidies to fuel vehicles under III and old and new energy vehicles registered before April 2018, with the subsidy amount reaching 7000-10000 yuan, and the growth rate of domestic sales is expected to increase. (source: Guodu Securities, China Automobile Association, Ministry of Finance) third, industry investment logic: driven by price reduction and promotion, the sales performance of the automobile sector is relatively good, but the overall performance expectation is weak, and new energy vehicles maintain a high growth rate. the leading car enterprises, electrified and intelligent parts leading companies with breakthroughs in the achievements of transformation are expected to have strong growth expectations, and the relevant targets have better investment opportunities. The following main lines are recommended: (1) Great Wall, Geely and Chery where the transformation of traditional fuel vehicles into new energy has achieved initial results; (2) the car companies with new energy and intelligent labels have large space and high growth rate, and recommend BYD, Changan Automobile, Cyrus and so on. (3) the leading parts and components in the field of electric intelligence, recommend Ningde Times, Yiwei LiNeng, Silverwheel shares, Bethel, Huguang shares, Tonghe Technology, Koboda, Baolong Technology. Fourth, this week focuses on the recommendation of individual stocks: BYD is the domestic leader in the field of electric vehicles, the promotion of blade batteries greatly improve the safety of electric vehicles, while effectively reducing costs. With the launch of DMi and DMp models, the cost of hybrid models has been greatly reduced, and the sales of PHEV models have increased greatly, accounting for half of the total. At the same time, with the support of E3.0 platform, dolphins, seagulls, Yuan PLUS, Han EV and other models will continue to sell well. Seals, Han, Tang, Tengli D9, Teng Teng N7, N8 and so on are expected to greatly increase the proportion of the company's high-end models and consolidate the company's leading position in new energy; in addition, look forward to the launch of the equation Leopard brand to further enhance the company's brand strength and give a "recommended" rating. Fifth, risk hints: (1) price competition intensifies; (2) sales fall short of expectations. [disclaimer] this article only represents the views of a third party and does not represent the position of Hexun. Investors operate accordingly, at their own risk.

[disclaimer] this article only represents the views of a third party and does not represent the position of Hexun. Investors operate accordingly, at their own risk.