Jingu Finance News | Auto stocks rose across the board, with Xpeng (09868) up 4.09%, Geely Auto (00175) up 3.45%, Leapmotor (09863) up 3.41%, Nio Inc (09866) up 3.2%, Guangzhou Automobile Group (02238) up 2.08%.

China Passenger Vehicle Market Information Joint Meeting, based on preliminary monthly data, estimates a comprehensive 1.4 million units of wholesale sales for new energy passenger vehicles nationwide in October, a 58% year-on-year increase and a 14% month-on-month increase.

Sinolink Securities pointed out in a report that from the perspective of industry prosperity, the electrification and overseas industrial cycles have not yet ended, and the prosperity of independent brands and supply chains will continue to outperform the beta of the automotive industry; from the competitive landscape perspective, the price and product competition in future segmented tracks will further intensify, with track and individual stock realization focusing on competitive landscape differentiation. The bank believes that in the second half of China's automotive industry rise, only high-quality leading companies in good tracks will benefit. Continues to be bullish on leading companies in various price ranges and the seven high-quality automotive and parts tracks, recommending BYD Company Limited, Leapmotor, and li auto inc (02015).