智通财经网·2025-09-19 09:17Core Viewpoint - CITIC Securities believes that the new model cycle will remain an important catalyst in 2026 for the Chinese automotive market, with a positive outlook on companies like BYD, Geely, and Leap Motor due to their scale advantages and stable average selling prices [1] Group 1: Company Insights - BYD, Geely, and Leap Motor are favored due to their scale advantages and stable average selling prices [1] - Li Auto has committed to accelerating its model pipeline, while Geely's Galaxy series plans to maintain the same number of new product launches next year as this year [1] - The report anticipates that major OEMs' product portfolios will stabilize gradually from 2026, with BYD's strategy focusing on model updates rather than entirely new models [1] Group 2: Industry Trends - As OEMs enhance their product offerings in the new energy vehicle sector, companies with scale advantages across various price ranges are expected to benefit the most [1] - OEMs adopting a dual-track positioning strategy, offering both internal combustion engine models and new energy vehicles, will have a competitive edge in 2026, providing a hedge against potential policy changes [1]