Citibank predicts that the recent rebound in the stock price of the automotive company could continue.

Citigroup released a research report stating that due to the cumulative monthly sales of Huawei Wanjie M8 and M9 SUV reaching 35,000 units, while the recent demand for Xiaomi Yu7 is strong, buyers might switch to other brands while waiting. In addition, the pre-sale of Ideal Auto i8 has begun, and if the final price is below 300,000 yuan, investors may be optimistic about sales. Finally, China will lower the retail price threshold for luxury cars by 10% consumption tax, which is believed to further encourage car users to switch to Chinese luxury car brands. Taking into account the above factors, the bank believes that the recent rebound in Ideal Auto's stock price may continue for the next 12 days.