Minsheng Securities research reports pointed out that, firstly, Tesla pursues ultimate production efficiency and economies of scale through technological upgrades and supply chain optimization, leading the industry development with smart drive technology. Tesla strategically lays out new models + new factories + new technologies, expands the product matrix, and speeds up the implementation of smart driving. Domestic suppliers respond quickly, possess strong cost optimization capabilities, and industry chain related symbols are expected to continue benefiting. Secondly, the mid-term growth of components continues to strengthen, bullish on new forces in the industry chain + intelligent electric increment. Electric smart technology reshapes the order, high-quality independent component suppliers gain more support with cost-effectiveness and quick response capabilities, seizing opportunities to achieve breakthroughs from 0 to 1 through bottleneck technologies, accelerating the globalization process, and breaking the monopoly pattern of foreign investment. Recommendations: 1) New forces in the industry chain: Pay attention to Ningbo Tuopu Group, Kunshan Huguang Auto Harness, etc.; 2) Core of intelligent transformation: Pay attention to Huizhou Desay SV Automotive, Shenzhen Inovance Technology, etc.