Guotai Junan Securities maintains a "buy" rating on the automotive industry. Passenger car intelligent driving technology promotes the sales of economy-class autonomous vehicles to a new level.

Guotai Hailong released a research report stating that it maintains a "overweight" rating on the automotive industry. With the gradual maturity of NOA in unmanned cities and Robotaxi, autonomous driving is starting to effectively generate revenue, and whole vehicle manufacturers with large-scale capabilities and parts that combine industrial upgrading and domestic substitution will benefit. By 2025, the effect of replacing old vehicles with new ones will gradually become apparent, and the promotion of passenger car intelligent driving equality will drive the sales of economy-type self-driving cars to new heights. The potential of the domestic heavy truck market is still strong in the cyclical trend, and the AIDC diesel engine business is driving industrial upgrading.