Core Viewpoint - The current market expectations for automotive stimulus policies and total production and sales volume for next year are weak, indicating a diminished cyclical attribute of the automotive sector. The core focus is shifting towards technology attributes and emerging growth directions [1] Group 1: Automotive Industry Insights - Xpeng Technologies recently launched its second-generation VLA large model, Robotaxi, and humanoid robot Iron, which have boosted market expectations [1] - By 2026, with the technological iterations and mass production of Tesla's FSD V14, Robotaxi, and Optimus, the automotive and robotics sectors are expected to experience a pivotal industry trend [1] - The core applications of physical AI in vehicles and robots may lead to a reassessment of the technology attributes of automotive stocks [1]