事件概述: 2024 年4 月重点新能源车企交付量发布，据各公司披露数据： 埃安28huuugecasino,113 辆，同比-31.5%，环比-13.6%huuugecasinoIdeal 25787, year-on-year + 0.4%, month-on-month-11.0%; boundary 25086, year-on-year + 929.4%, month-on-month-20.9%; polar krypton 16089, year-on-year + 98.6%, month-on-month + 23.6%; Lulai 15620, year-on-year + 134.6%, month-on-month + 31.6%; zero run 15005, year-on-year + 72.0%, month-on-month + 3.0%; Xiaopeng 9393, year-on-year + 32.7%, month-on-month + 4.1% Nezha 9017, year-on-year-18.6%, month-on-month + 8.4%; millet 7058. April wait-and-see mood heavy terminal demand is expected to accelerate the release of May car market ready to start, trade-in + Beijing auto show is expected to boost demand. According to the Federation of passengers, the retail market for narrow passenger cars is expected to be about 1.6 million in April,-1.5% year-on-year and-5.3% month-on-month. New energy retail is expected to be about 720000 vehicles, the same as last month, + 37.1% year-on-year, and the penetration rate is expected to reach 45.0%. Consumers are expecting new cars at the policy and auto show in April, so they are in a strong wait-and-see mood. With the introduction of the trade-in policy at the end of April and the opening of the Beijing auto show, consumers are paying more attention to the car market. It is expected to stimulate the early pent-up demand for cars to accelerate the release. Nine sample new power car companies delivered a total of 151168 vehicles, + 36.5% year-on-year and + 0.8% month-on-month. Year-on-year increase is relatively large, month-on-month unchanged from the previous month. New power sales steady ideal lead new power ideal: according to the company, April delivery of 25787 vehicles, year-on-year + 0.4%, month-on-month-11.0%. In terms of intelligence, the ideal smart driving system AD Pro 3.0 will be launched in early May, including high-speed NOA with 1000 km takeover level, urban LCC that supports starting and stopping at traffic lights, intelligent parking with complex parking spaces and other functions. The advanced version of AD Max 3.0 will also be launched, and the first batch of experiential user recruitment will be launched on April 26. After the completion of the public test, the ideal urban NOA will achieve national coverage; as for the ideal smart space, the main functions of OTA5.2 and 5.3 updates will be launched in early May and June respectively. In terms of new cars, the ideal release on April 18 of the brand new ideal L6 positioning medium and large SUV, with a starting price of 249800 yuan, fell below 250000 yuan for the first time. The cumulative order of the ideal L6 has exceeded 20,000 units within 12 days on the market, and has now opened the delivery of the first batch of users in the country. Question: according to the company, 25086 vehicles were delivered in April, + 929.4% year-on-year and-20.9% month-on-month. In terms of intelligence, the M9 has been upgraded in four major areas: smart headlights, intelligent driving, in-car art and intelligent cockpit, with more than 14 new functions. The M5 intelligent driving version and the new M7 intelligent driving version of ADS (Advanced Intelligent driving system) have also been upgraded. In terms of new products, the new M5 was released on April 23 with a starting price of 249800 yuan. Polar krypton: according to the company, 16089 vehicles were delivered in April, + 98.6% year-on-year and + 23.6% month-on-month. In terms of intelligence, the number of cities with extremely high-speed NZP is continuing to increase, covering 65 cities by the end of April, and plans to cover more than 90% of the prefecture-level cities where users are located in the first half of the year. In terms of new products, at the Beijing Auto Show on April 25, the new polar krypton-M automobile architecture was released, with a cockpit space utilization rate of more than 80%. The first five-seat model based on this architecture was also released at the same time. Weilai: according to the company, 15620 vehicles were delivered in April, + 134.6% year-on-year and + 31.6% month-on-month. In terms of intelligence, on April 20, Weilai launched a "smart driving" system specially designed to guide car owners' safe driving habits. From April 30, the global navigation auxiliary NOP+ urban area function will be fully pushed to nearly 230000 users of the Banyan Bong intelligent system, marking that the largest urban intelligent driving in the country is about to serve users. In terms of new products, at the Beijing Auto Show on April 25, 2024 models of ET7 Lulai ES7 were officially put on the market, both of which began delivery on April 30. Zero run: according to the company, 15005 vehicles were delivered in April, + 72.0% year-on-year and + 3.0% month-on-month. In terms of intelligence, zero run April OTA is about to start pushing, mobile phone APP will add more features, and the intelligent cockpit will be upgraded. In terms of new products, the Zero running C16 with the position of "Smart six-seat SUV" was unveiled for the first time and pre-sold at the Beijing Auto Show on April 25. It is expected that the full matching price will be less than 200000 yuan, and 24-hour orders will exceed 11950 units. 2024 Zero running brand new C11, new C01 and new T03 will also be unveiled. Xiaopeng: according to the company, 9393 vehicles were delivered in April, + 32.7% year-on-year and + 4.1% month-on-month. Among them, the Xiaopeng X9 delivered 1959 units, and nearly 10,000 units were delivered in April. In terms of intelligence, on April 17, Xiaopeng and Volkswagen signed an EEA electronic and electrical architecture technology strategic cooperation framework agreement. Based on Xiaopeng's latest generation of electronic and electrical architecture, the two sides will jointly develop an industry-leading electronic and electrical architecture for Volkswagen's electric vehicle platform in the Chinese market, which is expected to be applied from 2026. As of April 24, 2024, Xiaopeng XNGP has fully covered 260 cities across the country, and the scope of Kaesong continues to expand. On April 25, Xiaopeng AI Tianji system was launched globally, which is the first operating system in the industry to fully apply AI technology to intelligent driving and intelligent cockpit, and will be fully launched on May 20. In terms of new products, on April 25, Xiaopeng officially announced the new brand MONA, which will be officially launched in June. Xiaomi: according to the company, 7058 vehicles were delivered in April. Since its first delivery on April 3, Xiaomi SU7 has delivered 7058 units in April. As of April 30, the number of lock orders of Xiaomi SU7 reached 88063. Xiaomi SU7 is making every effort to expand production capacity and speed up delivery to ensure that the annual delivery target of 100000 units this year is achieved. In terms of intelligence, Xiaomi's intelligent driving system is Xiaomi Pilot, which realizes the whole department's technical self-research and the whole department's standard intelligent assistant driving. The era of standard intelligent driving has come to assist driving application scenarios to broaden the car companies to accelerate the landing of intelligent driving, which is expected to strengthen consumer certification. Car companies represented by Xiaopeng and Huawei have continued to iterate and promote smart driving since 2024. In April, Xiaopeng's XNGP intelligent driving assistance system has covered all 260 cities across the country, and the scope of Kaesong continues to expand. He Xiaopeng said that in 2024, Xiaopeng Automobile XNGP will achieve full coverage of the road network of major cities in the country, and begin to develop high-speed NGP,2025 for the whole world. Start to develop XNGP for the whole world. In March, the Wutu District NCA is fully promoted to lead the navigation, and the smart driving ability is the leading in the industry. the launch of the model is expected to lead to a rapid increase in the penetration rate of high-order self-driving. The intelligent driving competition and the landing of urban NOA will be further accelerated in 2024. In addition to Huawei and Wei Xiaoli, Xiaomi has also set the goal of launching urban NOA functions in 100 cities by the end of this year. The era of standard smart cars has come, and the head car companies that can find the selling points of differentiation and take the lead in smart driving technology will differentiate in 2024-2025 and enjoy a valuation premium. Investment suggestion: intelligent singularity has come, independent technology output incubation opportunity. Intelligent ability will become an important factor in the competition of automobile enterprises. With the emergence of the inflection point of Tesla's FSD utilization rate, the new power of independent city-assisted driving accelerates the landing and Xiaopeng opens a brand-new business model; we judge that intelligent driving is gradually ushering in the triple inflection point of technology, user acceptance and business model, and is optimistic about the high-quality autonomous car enterprises with relatively leading intelligent layout, product cycle and brand cycle. It is recommended to pay attention to [Changan Automobile, BYD, ideal Automobile H, Cyrus, Geely Automobile H, Great Wall Motor]. The medium-term growth of parts and components has been continuously strengthened, and we are optimistic about the new power industry chain + intelligent electric increment. Electric intelligence reshapes order, high-quality independent parts suppliers get more matching by virtue of performance-to-price ratio and rapid response ability, at the same time, neck-sticking technology takes the opportunity to achieve a 0-1 breakthrough, accelerate the process of globalization, and break the pattern of foreign monopoly. Suggested attention: 1. New power industrial chain: it is recommended to pay attention to T chain-[Top Group, Xinquan shares, Aikedi, Xusheng Group, double Ring Transmission, Daimei shares, Silver Wheel shares]; Huawei industrial chain-[Huguang shares, Ruihu Mould, Wencan shares, Guangfeng Technology, Xingyu shares, Shangsheng Electronics, Shanghai Yanpu] Millet industry chain-[Wuxi Zhenhua, Jingwei Hengrun, Jifeng shares, molding technology]. 2. Intelligent core line: it is recommended to pay attention to intelligent driving-[Bethel, Desai Xiwei, Jingwei Hengrun-W, Koboda] + intelligent cockpit-[Shangsheng Electronics, Guangfeng Technology, Jifeng shares]. Risk tips: new model sales are not as expected; car companies' new model launch schedule is not as expected; intelligent landing progress is not as expected. [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.
【免责声明】本文仅代表第三方观点，不代表和讯网立场。投资者据此操作，风险请自担。