Core Viewpoint - The report from Daiwa indicates that the mainland has released details on the 2026 vehicle trade-in subsidy, effective from January 1, which clarifies two subsidy channels for individual car buyers [1] Group 1: Policy Support - Daiwa maintains a positive outlook on the Chinese automotive industry, viewing domestic policy support, including the trade-in plan, as a means to stabilize vehicle replacement demand and mitigate the impact of cyclical weakness [1] - The scale of this subsidy is similar to last year's, alleviating market concerns about a significant reduction in government subsidies this year [1] Group 2: Growth Drivers - The overseas market, including exports and international expansion, remains a primary growth driver for Chinese automotive manufacturers [1]
大和：维持对中国汽车产业正面看法，预计海外市场仍是主要增长动力
Ge Long Hui·2026-01-02 04:36