Mei Ri Jing Ji Xin Wen·2025-11-27 00:29Core Viewpoint - The current market has weak expectations for automotive stimulus policies and overall production and sales volume for next year, indicating a weakening of the automotive cyclical attributes. The core focus is shifting towards technology attributes and emerging growth directions [1] Group 1: Market Expectations - The market's anticipation for automotive stimulus policies and production/sales volume for next year is low [1] - The cyclical nature of the automotive industry is diminishing, leading to a focus on technology and growth sectors [1] Group 2: Future Trends - The year 2026 is highlighted as a significant year for new vehicles from Huawei, which is worth monitoring [1] - Companies like Xiaopeng, GAC, and Changan showcased self-developed robotic products during the auto show, indicating a shift towards integrating robotics in the automotive sector [1] - The upcoming technological iterations and mass production of Tesla's FSD V14, Robotaxi, and Optimus in 2026 are expected to create a turning point in the industry, with automotive and robotics as key applications of physical AI [1] - The technological attributes of automotive stocks may undergo a re-evaluation as these trends develop [1]