广阔空间大有可为，关注汽车零部件ETF（159565）机遇

易方达基金03-12

近年来，新能源车经历了高速发展，2023年我国新能源车零售渗透率达到35.7%，行业逐步从高速发展向高质量发展转变。随着厂家技术的成熟与竞争的加剧，高端化、智能化逐步成为主要战场。智能驾驶、智能座舱、空气悬架等高价值量部件将逐步迎来渗透率高速增长的拐点，市场空间有望迅速扩大。国内厂商具备技术成熟、相应速度快、要素价格低等显著优势，有望逐步提升市场份额。在市场空间快速扩容的前夕，汽车零部件板块投资...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2418195342?lang=zh_CN&edition=full","thumbnail":"","is_english":false,"pubTime":"2024-03-12 08:56","share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","id":"2418195342","market":"sh","top_or_hot":-1,"title":"广阔空间大有可为，关注汽车零部件ETF（159565）机遇","media":"易方达基金","content":"<div>\n<p>近年来，新能源车经历了高速发展，2023年我国新能源车零售渗透率达到35.7%，行业逐步从高速发展向高质量发展转变。随着厂家技术的成熟与竞争的加剧，高端化、智能化逐步成为主要战场。智能驾驶、智能座舱、空气悬架等高价值量部件将逐步迎来渗透率高速增长的拐点，市场空间有望迅速扩大。国内厂商具备技术成熟、相应速度快、要素价格低等显著优势，有望逐步提升市场份额。在市场空间快速扩容的前夕，汽车零部件板块投资...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20240312085834861dd2c3&s=b\">网页链接</a>\n\n</div>\n","source":"tencent","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>广阔空间大有可为，关注汽车零部件ETF（159565）机遇</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n广阔空间大有可为，关注汽车零部件ETF（159565）机遇\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-12 08:56 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20240312085834861dd2c3&s=b><strong>易方达基金</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>近年来，新能源车经历了高速发展，2023年我国新能源车零售渗透率达到35.7%，行业逐步从高速发展向高质量发展转变。随着厂家技术的成熟与竞争的加剧，高端化、智能化逐步成为主要战场。智能驾驶、智能座舱、空气悬架等高价值量部件将逐步迎来渗透率高速增长的拐点，市场空间有望迅速扩大。国内厂商具备技术成熟、相应速度快、要素价格低等显著优势，有望逐步提升市场份额。在市场空间快速扩容的前夕，汽车零部件板块投资...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20240312085834861dd2c3&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"603270","symbol_name":"金帝股份","start_time":0,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20240312085834861dd2c3&s=b","article_id":"2418195342","we_media_id":null,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20240312085834861dd2c3&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, .wx-sou","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2418195342","pubTimestamp":1710204975,"sourceInfo":{"source_id":"tencent","name":"腾讯"},"weMediaInfo":null,"summary":"在市场空间快速扩容的前夕，汽车零部件板块投资价值突出，可通过ETF产品实现便捷布局。当前A股上市公司中汽车板块公司共有260家，其中汽零相关公司多达213家，占比高达81.9%。汽车零部件ETF是国内全市场首支聚焦汽零板块的ETF产品，可用来便捷地把握汽零板块发展机会，值得投资者重点关注。","collect":0,"end_time":0,"defaultTopTitle":"qq.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"600151":"航天机电","600218":"全柴动力","600458":"时代新材","600480":"凌云股份","600619":"海立股份","600626":"申达股份","600660":"福耀玻璃","600676":"交运股份","600841":"动力新科","601702":"华峰铝业","601717":"郑煤机","603006":"联明股份","603089":"正裕工业","603107":"上海汽配","603119":"浙江荣泰","603166":"福达股份","603190":"亚通精工","603201":"常润股份","603270":"金帝股份","603306":"华懋科技","603331":"百达精工","603355":"莱克电气","603390":"通达电气","603677":"奇精机械","603922":"金鸿顺","603926":"铁流股份","605005":"合兴股份","605100":"华丰股份","605208":"永茂泰","605228":"神通科技","688021":"奥福环保","688071":"华依科技","688129":"东来技术","688162":"巨一科技","688306":"均普智能","688326":"经纬恒润","688612":"威迈斯","688678":"福立旺","BK0010":"央企","BK0028":"国家队","BK0136":"风力发电","BK0220":"橡胶塑料","BK0188":"融资融券","BK0002":"高铁"},"translate_title":"Broad space is promising, pay attention to the opportunity of auto parts ETF (159565)","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"600151":0.9,"600218":0.9,"600458":0.9,"600480":0.9,"600619":0.9,"600626":0.9,"600660":0.9,"600676":0.9,"600841":0.9,"601702":0.9,"601717":0.9,"603006":0.9,"603089":0.9,"603107":0.9,"603119":0.9,"603166":0.9,"603190":0.9,"603201":0.9,"603270":0.9,"603306":0.9,"603331":0.9,"603355":0.9,"603390":0.9,"603677":0.9,"603922":0.9,"603926":0.9,"605005":0.9,"605100":0.9,"605208":0.9,"605228":0.9,"688021":0.9,"688071":0.9,"688129":0.9,"688162":0.9,"688306":0.9,"688326":0.9,"688612":0.9,"688678":0.9},"content_text":"近年来，新能源车经历了高速发展，2023年我国新能源车零售渗透率达到35.7%，行业逐步从高速发展向高质量发展转变。随着厂家技术的成熟与竞争的加剧，高端化、智能化逐步成为主要战场。智能驾驶、智能座舱、空气悬架等高价值量部件将逐步迎来渗透率高速增长的拐点，市场空间有望迅速扩大。国内厂商具备技术成熟、相应速度快、要素价格低等显著优势，有望逐步提升市场份额。在市场空间快速扩容的前夕，汽车零部件板块投资价值突出，可通过ETF产品实现便捷布局。涉及环节众多，价值量普遍可观。汽车零部件涉及环节众多，包含热管理系统、电子系统、灯具、悬架等众多组成部分，各部分中又包含多种核心部件。从价值量分布看，即使是仪表盘、车窗等小品类模块，单车价值也均超过3000元，预计25年市场规模在300亿以上。对于单车价值量较高的车身、电机电控系统、底盘等环节，25年市场规模均有望达到2000亿元以上。图：主要汽车零部件单车价值量与25年空间预测（数据来源：Marklines）零部件升级路线清晰，市场空间广阔。随着电动车渗透率提升速度边际放缓，传统部件的升级换代与新功能的应用下放成为各厂家的主要博弈领域。l 从价值量提升角度来看，经过市场的快速迭代，当前各主要环节的升级路线清晰，升级后普遍存在用量与价值量的提升。以车灯环节为例，由卤素灯向LED光源、激光大灯等产品快速升级，相应地车灯价值量也随之从约200元/只增长至约4000元/只。新技术部件的应用将显著提高市场空间并改善企业的盈利能力，构成对汽零板块的显著利好。图：部分环节升级迭代方向l 从渗透率提升角度来看，一方面当前新技术渗透率普遍处于低位，天幕玻璃、激光雷达、空气弹簧等零部件渗透率均低于12%，提升空间较大。另一方面通赛道中更新的技术往往接力原技术延续渗透率提升的逻辑。以智能驾驶为例，当前L1级别（车道保持、自适应巡航）、L2级别（辅助驾驶、自动泊车等）的智能驾驶功能渗透率正经历快速增长，截至23年12月渗透率分别达到52%、37%。随着低级别智能驾驶渗透率逐步步入平台期，更高级别的L3（自动驾驶等）智驾技术正快速成熟，24年初广汽的ADiGO PILOT已完成了城市NDA智能领航辅助+L3自动驾驶行业首秀，在不远的将来L3智驾有望逐步接力实现渗透率的快速增长，为市场空间的持续扩容提供充足动能。图：部分零部件环节渗透率（数据来源：汽车之家，数据截至2023年12月）图：分级别智能驾驶渗透率（数据来源：汽车之家，数据截至2023年12月）类比智能手机，升级迭代过程中有望加速孕育优秀的零部件企业。从2004年到2016年，智能手机快速发展，复合增速达到42.5%。在渗透率快速增长的背后是零部件升级的不断加速。零部件升级加速普遍意味着更高的定制化需求、更大的用量以及更快的研发速度。国内厂商具备充足的人才储备、更快的响应速度、更低的要素价格，具备显著的优势。以京东方、欣旺达等位代表的消费电子企业迅速崛起。相似地，汽车零部件板块也正逐步开启新的技术高速迭代阶段，国内汽车零部件企业有望迎来更好的发展契机。图：智能手机零部件升级迭代方向与受益企业汽零板块公司众多且赛道分散，通过ETF投资可收获更好的投资体验。当前A股上市公司中汽车板块公司共有260家，其中汽零相关公司多达213家，占比高达81.9%。图：汽车上市公司数量分布图：汽车上市公司数量分布（数据来源：Wind，数据截至2024/2/25）中证汽车零部件主题指数（汽车零部件ETF跟踪指数）选取 100 只业务涉及汽车系统部件、内饰与外饰、电子、轮胎等领域的上市公司证券作为指数样本，反映汽车零部件主题上市公司证券的整体表现。汽车零部件ETF（159565）是国内全市场首支聚焦汽零板块的ETF产品，可用来便捷地把握汽零板块发展机会，值得投资者重点关注。","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2418195342"}