2023年部分车企新车上市引发关注, SUV成为竞争高地: 1、吉利银河L7全球首发，未来两年将推7车。2月23日，吉利品牌全新中高端新能源系列一“吉利银河”正式发布，该系列2年内将推7款全新车型，其中4款归属智能电混L系列，首款电混SUV银河L7、首款电混轿车银河L6将在今年二、三季度分别交付。2、上汽智己LS73月开启交付，销售订单饱满。智己LS7于2月10日上市，定位纯电中大型SUV。智已LS7大量应用创新技术，其中包括EVD矢量四驱技术、eTAC边缘扭矩控制技术、中高镍6系单晶高压100kWh高能电池、英伟达Or inX超高算力智驾芯片、双激光雷达、高通8155智舱SoC芯片等。售价区间为30.98-45.98万元，智已汽车同时披露，LS74月第一周可交付订单已经售罄; 90kWh四驱版本已排至7月交付。3、理想L7上市价格进一步下探，闯入30万元級SUV市场。定位豪华中大型SUV的理想L7搭载增程式混动系统，CLTC工况综合续航里程1315km，纯电续航里程210km,售价区间为31.98-37.98万元，理想方面认为L7稳态月销量应.该在1万-1.5万辆，L7 Pro和Max将在3月1日陆续开启交付,L7 Air将在4月初陆续开启交付。
　　2023年2月二手车周度交易数据环比增长，市场逐渐进入回暖周期: 2月第二周二手车市场日均交易量5.87万辆,环比增长9.96%,市场总体交易规模逐渐超过春节前的水平。今年2月是春节后的真正市场启动期，也是疫情三年结束后的市场启动期，因此蛰伏已久的消费市场会持续折射出巨大的新消费机遇，燃油车市场的需求也会逐步恢复。
　　2月前三周乘用车市场零售总体平稳恢复，批发量同环比增长。
　　1、2月前3周乘用车零售销量同比提升,环比下滑。2月1-19日，乘用车市场零售73.0万辆，同比去年增长16%,较上月同期下降9%。今年累计零售202.2万辆，同比去年下降26%;国内乘用车厂商批.发74.9万辆，同比去年增长2%，较上月同期增长1%,今年累计批发219.8万辆，同比去年下降25%。
　　2、新能源车同比高增，环比小幅下滑。2月1-19日，全国乘用车新能源车市场零售21.5万辆，同比去年增长43%，较上月同期下降4%，今年累计零售54.6万辆，同比去年增长9%;全国乘用车厂商新能源批发28.4万辆,同比去年增长37%,较上月同期增长27%,今年累计批发67.3万辆，同比去年增长8%。
　　3、2月前3周乘用车批发量同环比增长。2月1-19日，全国乘用车厂商批发75.0万辆，同比去年增长2%,较上月同期增长1%，今年累计批发219.8万辆，同比去年下降25%。
　　投资建议:整车相关标的:比亚迪、长安汽车、广汽集团等。零部件相关标的，特斯拉产业链建议关注:拓普集团、旭升股份、新泉股份、银轮股份。优质零部件建议关注:爱柯迪、保隆科技、常熟汽饰、永贵电器。
　　风险提示:政策效果不及预期，缺芯缓解进度不及预期，需求复苏不及预期，汽车电动化、智能化发展不及预期。
　　
　　

研究报告全文：TableTitle2-0120123456-5925020230227TableRanklTableSummary2023GMNOPQRJSSUVTUVWXY1ZabRcdefGghi2j23kclmaOnXoOpqrsttuvwxRyczrsGghaOSAC-S0110521050003cnprscZyueqinghuisczqcomcngGZi2ZPjcijFkPcniOcnZ517ZnXrXF8XpZ9XZZXF7iABCDE01234567829FGHUccj8jiZP3cinxrc717FFc44123-052FcUFU-jzFF091223gjFk4c9gj54il2023G2j6789cFGHIJKILMj6kA7c9BcCD7EFGHIJKLiGjMHINOwIJKLcPMQRGSTNcUVWXYZ789NACOPBCE2QRSTUVWXYZ6aOZbccdefgPhiiIWabcdefghl2jJjkCDL-hiclR9iiWTJ1QWjklmnopqr1Z2jJ3jkmnc9oijFFkcjstuv-WawxyzkcpGFBcqPjrBi2022iW12QyHYGstkcpGrBujvwlRcpGBcqPjFBcGstlRFcpGrBi2ZOpqXc9xyoijFFkcaujOpqkFcpGBcqPjrBcGstkcpGBaujvwOpqlRcpGBcqPjBcGstlRcpGB3Z2jJ3jlR9ijFFkcaujvwlRcpGBcqPjFBcGstlRFcpGrBilzIJZZikMIJcJSZnZOZikMJSZZZilmccfgicZpRi-0123456KL12023122-01234567823934934459A9B769CDEFG87HIJK9L12023-0123L2MNOP9QRSTU3L3VWXY0ZQRSTU4L4VXY0QSTOP20TU4L5V9aPB4L6bcdefghij6TU5L7V0kiZ7lTNmnU5L8V0opkiZ7lTNmnU5L9qrbkiZ7lTNmnU5L10qropkiZ7lTNmnU5L11stqrbkiZ7lTNmnU6L12stqropkiZ7lTNmnU6L13uvj67lTU6L14vw6TU6L159xyz36L16xyz36L17CDXTU7L18CDTU71202334129CDEFG8-0123456KL12023-abRcdefGghjkclmaOnXoOpqrsttuvwxRyczrsGghaOcnprscZgGZprsclgGiVcRyarZcaOruvrsOpqiPjcjFkPcniOcnZ517ZnXrXF8XpZ9XZZXF7icj8jiPcnxrc717FFcFcUFU-jzFF091223gjFk4c9gj54i12023tFFXUFcXUFcUcccXFFcUUUZ7294cUnFFZF1Fcnum8Z81F8F1RbUvacnbrmfF8bNb8e7179717FF717UFFa2909X-KcprcFc223XFXFFuYFF90909pDvgZ-ZF1rcFF2XhiKCF23XFcG90Z23HZEcGF2-ZF2ZZcYL45cCitGcg6F17cTX891ri-0123451KLcg2239AabpcC617aOBu7FHb09223hircJIJ1KLjkl77mnC109cMaDTu29M244opqZjkl1aKb20FD0NOJPQvu7nrsTtbp2wxuR1Src2cucTyUVv1Wvwxywzx01iOBF1unrayXIiERbcFGYvcZ1YXBcTDFaUeibc1uDccdKefOg1iFGHIJ2201234567896789cdefghiij6kA7c9BcCD7EFGHIJKLipGj5MHIc7tcUVjJfkAMLAtcJf8DJABqiqMpPmncqRecJqMqcMMKTiGjMHINOwcPMQRGSTNcUVWXYZaOZbccdefgPhicJdeqU6McUVj6i6OYcEFiGcM6OaYGcOG6DScgGp27UUNUcEFZEcu6RicOpqclVWDPMGZcUVeqcTxZi-0123452KL12023-01234610754587996585374058-628-1203-1056544-2054533-3052514-40-505-6048-7046-8011-1819-115116-127128-2526-212日均交易量万辆环比FGHIJiW3PPFBcBicwBcwFBcBckMBcjBi2XZZZi0808cDcjUckMMi256789604750403440312927242430232019191620161513090807070604030310030000-10-20-09-10-18-30044ACEIKLORSVYceik155BDFJLNPWXUadfjl-268GGQT233Zgm3796HMUbh9FGHIJ-0123453KL3ABC0DEFG4BCHI0TOP20T2500200015001000500000UVWiW8VWiWX-VWiZuWFGHIJFGHIJ59JKPB98765432102007-01-052008-01-052009-01-052010-01-052011-01-052012-01-052013-01-052014-01-052015-01-052016-01-052017-01-052018-01-052019-01-052020-01-052021-01-052022-01-052023-01-05汽车申万汽车零部件申万乘用车申万商用载货车申万FGHIJ4A78BD8nc2023G1j1649c-35j8nc2023G1jj1469c-329Opq8nc2023G1jOpq408c-63S2023G1jSUV-362c-392cMPV-409ij88c2023G1jlmrU180cnU189cU170cU175i2023G1jU618i1APLi-0123454KL6LMNOPQRSTU200150100500-50-1002021-01-102021-01-312021-02-212021-03-142021-03-312021-04-242021-05-162021-06-062021-06-202021-07-112021-07-312021-08-222021-09-122021-09-302021-10-242021-11-142021-12-052021-12-262022-01-162022-02-062022-02-282022-03-202022-04-102022-04-302022-05-222022-06-122022-06-302022-07-242022-08-142022-08-312022-09-252022-10-162022-11-062022-11-272022-12-112022-12-312023-01-272023-02-12当周日均批发同比当周日均零售同比FGHIJ7V0WSDXY6Z8V0WSDXY6Z30040300010250202500020020000-101500150-20-201000100500-3050-400-400-602022-012022-022022-032022-042022-052022-062022-072022-082022-092022-102022-112022-122023-012022-012022-022022-032022-042022-052022-062022-072022-082022-092022-102022-112022-122023-01销量汽车累计值销量汽车累计同比销量汽车当月值销量汽车当月同比FGHIJFGHIJ9LVWSDXY6Z10WSDXY6Z250602500202004020001020015015000-101001000-20-2050050-40-300-600-402022-012022-022022-032022-042022-052022-062022-072022-082022-092022-102022-112022-122023-012022-012022-022022-032022-042022-052022-062022-072022-082022-092022-102022-112022-122023-01销量乘用车当月值销量乘用车当月同比销量乘用车累计值销量乘用车累计同比FGHIJFGHIJ-0123455KL11aLVWSDXY6Z12aWSDXY6Z2505025002040200302000102001501015000-10100-101000-20-2050-30500-30-400-500-402022-012022-022022-032022-042022-052022-062022-072022-082022-092022-102022-112022-122023-012022-012022-022022-032022-042022-052022-062022-072022-082022-092022-102022-112022-122023-01销量乘用车当月值销量乘用车当月同比销量乘用车累计值销量乘用车累计同比FGHIJFGHIJ13bcTUXY14HcdU5000010040000803000060200004010000200000-100002021-012021-032021-052021-072021-092021-112022-012022-032022-052022-072022-092022-112023-012021-012021-032021-052021-072021-092021-112022-012022-032022-052022-072022-092022-112023-01轿车MPVSUV轿车MPVSUVFGHIJFGHIJ159efg16efhig8500300行业合资进口自主8000250750070002006500600058201505500100107500045000504000202020202020202020212021202120212022202220222022202020202020202020212021202120212022202220222022------------------------030609120306091203060912010407100104071001040710FGHIJFGHIJ-0123456KL17jklmnopBqr18jklmnostuqr70001300065001200060001100055001000050009000450080004000350070003000600021-0121-0321-0521-0721-0921-1122-0122-0322-0522-0722-0922-1123-0121-0121-0321-0521-0721-0921-1122-0122-0322-0522-0722-0922-1123-01FGHIJ6FGHIJ5ACDEAFPH2j24kRy2022GGCcBcpBPFcpBNPFcpBuFcpBi2j24kRy2023G3j2025G2jctU795PG20iInfoLinkConsultingDOyct2023-2025GCtU5909i2j23kRyGJgOpqBZBUFFi2j23kRy2022GG5860182c6966PU598887c11342NP611120c12031icOpqXclcycIcGcGmniO2j22kRyURxRG1160C1160HcRNgaM1HPpKYnCHcz5082HpKYLc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