10月出口重点关注集成电路与汽车

Pickup trucks are light-duty trucks with open cargo beds at the rear. They are mainly used for the transportation of goods but are also used for personal purposes, construction, agriculture, and other commercial applications. The global pickup truck market is a global industry that includes the manufacturing, marketing, and sales of pickup trucks. It includes different types of pickup truck models, sizes, and configurations offered by different manufacturers in different regions to meet the various needs and preferences of consumers across the world. Economic growth, urbanization, infrastructure development, and changing consumer lifestyles all play a significant role in the global pickup truck demand and dynamics.

Motorcycle rider accessories are essential items that enhance safety, comfort, and convenience for riders. A comprehensive range of motorcycle rider accessories is used for different driving conditions, including helmets, apparel, and other accessories. These motorcycle rider accessories are also used by commuters, motorbike sports participants, professional bikers, and motorbike touring enthusiasts

汽车行业：智驾已是“必答题_，低阶配置平权与高阶功能落地共振－智能驾驶专题

汽车行业：内销与出口共振，景气度持续向好－重卡行业9月跟踪月报

汽车行业：9月产批同环比增长，出口高增延续－客车10月月报

摩托车行业：中大排出海提速，自主高端化突围－系列点评二十一

动力锂电行业：电动重卡市场驶入增长快车道

自2024Q2以来，吉利、零跑、小鹏、小米等销量和份额持续上涨，龙头企业份额被蚕食，尾部企业出清。吉利、零跑、小鹏定位大众市场，通过极致性价比车型吉利星愿、吉利银河E5、零跑C10、小鹏MONA M03等带动销量持续增长，小米则依靠强大的品牌力获得增长，新 势力企业零跑、小鹏、小米的销量持续稳定在单季度8—12万辆之间。从份额角度看，这些企业的增长主要是蚕食了龙头企业的份额，比如比亚迪、特斯拉份额同比去年减少了5.1%、2.3%。

我们认为：Robotaxi不是简单去“替代司机”，而是真正从底层技术创新来实现对汽车共享出行的体验变革，从而带来汽车共享出行市场的商业模式-竞争格局-产业链利润分配的重塑。复盘“巡游出租车—网约车”历史，我们认为：利用移动互联网技术创新，网约车确实一定程度上缓解了巡游出租车时代“打车难、打车贵”的痛点，提升了用户的打车效率，优化了社会生产关系但没有改变本质，而且最终“供给大于需求”反而造成了行业内卷，司机-出租车公司-网约车平台都陷入了“盈利困境”，尤其是聚合平台入局后。