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<Research>Daiwa Maintains Positive View on CN Auto Sector, Expects Overseas Mkts to Remain Primary Growth Driver
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China has released the details of the 2026 auto trade-in subsidy, effective from 1 January 2026, clarifying two subsidy channels for individual car buyers, according to Daiwa's research report. The broker maintained a positive view on China's auto industry, and continued to view domestic policy support (including this trade-in program) as capable of stabilizing vehicle replacement demand and cushioning the impact of cyclical weaknesses, while overseas markets (exports and international expansion) remain the main growth drivers for Chinese automakers. Daiwa believed that the scale of this subsidy is very similar to last year, alleviating market concerns that the government would significantly reduce the subsidy amount this year. AASTOCKS Financial News Website: www.aastocks.com |
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