An articulated bus is a vehicle with its main body on two axles and the articulated section on the third axle. The length of such buses ranges from 16 meters to 18 meters, and they have a capacity that is 50% more than that of the regular buses. A bi-articulated bus hastwo articulated sections attached to its main body.The market encompasses articulated buses that are used across the world for transportation as part of the bus transit system.

HVAC is a technology to maintain the internal temperature of the cabin of the vehicle.Automotive HVAC systems comprise five main components, namely a compressor,heat exchanger, evaporator, thermal expansion valve, and accumulator, which are coupled with ducts. Due to the increased demand for comfort in vehicles, the HVAC systems have become a necessity. As a result, in the Americas, even the lower variants of the mass-selling cars are equipped with HVAC systems.

ATIS is a system, which is used to automatically inflate the vehicle tires whenever the internal pressure of the tire drops below the pre-set level.The market encompasses automatic tire inflator systems, which can monitor pressure inside vehicle tires and detect a pressure drop from pre-determined level,alert the driver, and automatically inflate the tire back to the needed pressure.

A coilover shock is a suspension device that comprises a shock absorber along with a coil spring encircled over it. The coil springs, along with the shock absorbers, are replaced as a unit if there is leakage in the shock absorbers. Coilover shocks are stiffened shocks and provide damping without torsional loads.The global ATV coilover shock market is segmented based on ATVs (all-terrain vehicles) and UTVs (utility terrain vehicles). On the basis of geography, the market is segmented into APAC, EMEA,and the Americas. Side-by-side vehicles are categorized under the UTVs segment.

This report covers the present scenario and the growth prospects of the global automated guided vehicle (AGV) market for the period 2017-2021. To calculate the market size, the report has taken into consideration the revenue generated by vendors of AGV service providers in the product types, which include unit load carriers, tow vehicles, pallet trucks, assembly line vehicles, other AGVs.The report also presents the vendor landscape and a corresponding detailed profiling of the key market participants across the value chain of the global AGV market. It includes vendors across all geographical regions. The vendors have been identified based on various qualitative and quantitative parameters and grouped into key players and other prominent players. The market value, volume, and vendorinformation presented in the report are based on the indicators prevailing at the time of conducting the research.

吉利汽车(00175)于2017 年8 月16 日公布上半年业绩，吉利汽车上半年实现收益394.23 亿元人民币，同比增长118%;净利润43.43 亿元，同比增长128%;基本每股收益48.77 分。上半年，吉利汽车中国市场总销量同比增长95%至52.67 万部，出口销量则同比下滑64%至3848部。集团合共销售了53.06 万部汽车，同比增长89%;此外，由于销量增加及产品组合有所改善，毛利率进一步提升。连同期内稳定补助，公司净利增长快于收益。

广汽集团发布2017 年中期业绩，本集团连同合营公司及联营公司共实现营业总收入约1,625.06 亿元，较上年同期增加约392.73 亿元，同比增长约31.87%。本集团的营业总收入约为347.65 亿元，较上年同期增长约62.23%；归属于母公司所有者的净利润约为61.83 亿元，较上年同期增长约55.29%；基本每股收益约为0.96 元，较上年同期增长约54.84%。

锂甴池生产设备：先导智能非公开収行股票的标的公司泰坦新动力已过户幵变更成为公司的全资子公司。高工产研锂甴研究所预计2017 年国内动力甴池有效产能将从2016 年的60GWh 增长至110GWh，受市场需求增长和新版动力甴池觃范条件影响，动力甴池扩产潮仍将持续。建议关注先导智能、赢合科技等龙头公司。

本周观点更新：根据乘联会统计数据，8 月第2 周（5 日-11 日）厂家日均零售销量4.4 万台，同比增长1%，累计前2 周零售销量同比增长5.8%，车市销量保持健康增长。新能源汽车市场方面，北京累计收到个人示范应用新能源小客车配置指标申请和确认延期的共46,254 个，提前透支部分18 年指标，对消费者稳定购车预期会有影响，将形成未来提前多年排队的情况，预计国家出于对新能源车不限购的目的，未来政策可能会出现调整

近日遥感检测法（柴油车）发布，后续大规模招标进入合法程序，起量近在咫尺，遥感检测设备商将全面收益，预计每年市场规模在30-60 亿之间。

预计3 季度传统乘用车需求有望环比回升、相关整车和零部件公司受益，新能源客车销量将逐月释放，看好下半年新能源汽车需求持续释放。零部件公司可关注订单受整车行业影响较小的公司，包括细分领域的龙头公司和已布局全球配套体系的公司。建议关注：整车：上汽集团、广汽集团、江淮汽车、众泰汽车；零部件：华域汽车、福耀玻璃、精锻科技、新泉股份、拓普集团、国轩高科、继峰股份、均胜电子、潍柴动力、岱美股份、华懋科技、华达科技等。

从产业链视角，自上而下，我们认为产业链上龙头企业在技术、成本、供应管理等方面竞争优势显著。而从投资角度，标的相关业务占总体营收比重越高，行业增长带来的业绩弹性，因此我们基于相关业务的体量与标的纯度甄别了各环节最为核心的1-3 个标的。针对各环节的供应关系，我们梳理了业绩相关度较大的各环节企业的业务关系，一方面可根据下游的客户结构甄别企业质地以及辅助业绩预测，另一方面也可基于上下游的产能规划、技术路线等进行相互佐证。