中国汽车行业：2025 年三季度前瞻及 2026 年展望-China Auto Industry_ 3Q25 preview and expectations into 2026

Asia Pacific Equity Research October 2025 China Auto Industry 3Q25 preview and expectations into 2026 Head of APAC Auto Research Nick Lai AC (65) 6801-3176 nick.yc.lai@jpmorgan.com Bloomberg JPMA LAI J.P. Morgan Securities Singapore Private Limited/ J.P. Morgan Securities (Asia Pacific) Limited/ J.P. Morgan Broking (Hong Kong) Limited See the end pages of this presentation for analyst certification and important disclosures, including non-US analyst disclosures. J.P. Morgan does and seeks to do business wi ...