CSC Financial: Auto Sector Hits Bottom in Off-Season, Structural Opportunities Emerge

According to a research report from China Securities, the auto sector is currently in its traditional off-season and has shown overall weakness. However, market pessimism regarding sales has gradually bottomed out, leading to a muted market reaction. Looking ahead, structural opportunities warrant attention: on one hand, the emerging trend of "anti-price-war" dynamics and improving export prospects are providing new momentum; on the other, accelerated implementation of autonomous driving policies—combined with Tesla’s imminent launch of its humanoid robot V3—is catalyzing commercial breakthroughs in edge-side AI applications (such as autonomous driving and robotics), potentially driving valuation upside. Additionally, the anticipated vehicle trade-in policy in 2026 is expected to support domestic demand, with commercial vehicles likely benefiting more significantly.