Dongguan Securities research reports pointed out that with the continuous promotion of the old-for-new policy, combined with the peak season for consumption and promotional discounts, there is potential to continue to stimulate the consumption potential of the auto market, continuing the strong trend of 'golden September' consumption. The performance of domestic independent brands continues to strengthen. The export volume of independent brands in the auto industry continues to grow, coupled with capacity going global, aiming to enhance international competitiveness to cope with uncertainties in overseas tariff policies and import and export regulations. Recommendations to focus on: (1) Bright performance in the export of new energy vehicles: BYD; (2) Huawei's automotive partners: Chongqing Changan Automobile, Chongqing Sokon Industry Group Stock; (3) Huawei's smart auto industry chain suppliers: Shanghai Baolong Automotive Corporation, Ningbo Joyson Electronic Corp., Foryou Corporation; (4) Premium component suppliers with global competitiveness: Huizhou Desay SV Automotive, Fuyao Glass, Ningbo Tuopu Group, Bethel Automotive Safety Systems.