Source: China Merchants Securities
Outline catalogue
1. Investment Summary
2. Independent brands performed strongly, and automobile exports performed brilliantly.
3. Intelligent driving ushered in an inflection point, and the intelligent cockpit continued to upgrade.
4. Parts: New elements drive changes, and the growth of subdivided tracks is expected.
5. Tesla: Intelligent driving leads, creating revolution and subverting innovation.
6. Huawei Auto: the offensive, the smart car is broken.
7. Humanoid robot: the extension of smart car, the best carrier of body intelligence.
The report consists of 97 pages.
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