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China Exports One Million Cars per Month Despite Tariffs
Lynk & Co's First Wagon 07 GT Set for July 23 Launch as Brand Seeks New Growth Driver
JPMorgan downgrades GAC Group to 'Underweight'; its H2 preferred ranking is Geely, Nio, BYD.
JPMorgan published a research report, expecting that mainland China’s auto market demand will not see a meaningful recovery in the second half of the year, primarily due to weak consumer confidence. The bank therefore believes that any additional policy stimulus measures introduced in the second half of 2026 may still have limited effectiveness. Following a 23% year-on-year decline in domestic passenger vehicle demand in the first half of 2026, the bank forecasts that demand in the second half will remain at or below seasonal levels, although the year-on-year decline is expected to narrow to approximately 10%. The focus in the mainland market has shifted to the relative growth trajectory of new energy vehicles (NEVs) after their penetration rate hit a record high of 63% in June. Automakers with competitively positioned NEV models, for example
Huachuang Securities: June auto exports surpassed expectations again, with new energy vehicle penetration rate reaching a new record high.
Overseas expansion of electric vehicles is creating new growth opportunities and financial statement support for automakers, with industry exports expected to continue outperforming expectations.
Express News | CITIC Securities: The automotive industry's focus will shift toward export realization and profit recovery.
Express News | ByteDance is exploring the autonomous driving field, with the project currently led by Zhou Chang's World Model team under Seed.