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

投资要点 ➢ ➢ 一、电动化浪潮日益汹涌，新能源汽车渗透率持续提升...............................................................41.“双碳”目标背景下，新能源汽车政策持续加码.............................................................................................42.电动化浪潮日益汹涌，全球车企加快电动化转型........................................................................................53.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....................................................................61.产业政策逐步完善，智驾商业化持续落地...................................................................................................62.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...............................................................................121.节能减排&续航需求，汽车轻量化势在必行..............................................................................................122.轻量化材料各有优劣，铝合金综合性价比高.............................................................................................133.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.............................................................................................................................171.长安汽车....................................................................................................................................................172.伯特利........................................................................................................................................................173.德赛西威....................................................................................................................................................184.保隆科技....................................................................................................................................................195.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...................................................................................................................