汽车行业研究系列二：电动智能化趋势明确，汽车轻量化势在必行

15% 10% 5% 0% -5% -10% -15% -20% 000300.SH 801880.SL 投资要点      请阅读最后评级说明和重要声明 一、电动化浪潮日益汹涌，新能源汽车渗透率持续提升4 1.“双碳”目标背景下，新能源汽车政策持续加码4 2.电动化浪潮日益汹涌，全球车企加快电动化转型5 3.政策供给双轮驱动，新能源汽车渗透率持续提升6 二、智能化方向明确，智能驾驶&智能座舱迭代加速6 1.产业政策逐步完善，智驾商业化持续落地6 2.供需两侧协同发力，智能座舱持续升级10 三、轻量化势在必行，一体化压铸趋势明朗12 1.节能减排&续航需求，汽车轻量化势在必行12 2.轻量化材料各有优劣，铝合金综合性价比高13 3.铝合金以压铸工艺为主，一体化压铸趋势明朗14 四、投资建议17 1.长安汽车17 2.伯特利17 3.德赛西威18 4.保隆科技19 5.瑞鹄模具20 五、风险提示21 .........................................................................................4 .........................................................................6 ......................................................................................................................................................7 .............................................................9 ..................................................................................................................................10 ..................................................................................................................................10 ...........................................................................................................11 .................................................................................................11 .................................................................................................11 ............................................................................12 ...................................................................................................................14 ............................................................................................................15 ................................................................................................17 ............................................................................................17 ...................................................................................................18 ................................................................................................18 ................................................................................................19 ............................................................................................19 ................................................................................................20 ............................................................................................20 ................................................................................................20 ............................................................................................20 .............................................................................................................................4 .............................................................................................................................5 ........................................................................................................................................7 ........................................................................................................................................8 ...........................................................................................................................9 .................................................................................12 .........................................................................................................................................13 .......................................................................................................................13 ..................................................................................................................................14 ...............................................................................................................................................16  