According to a research report published by Lyon, car sales of major Chinese brands rose 5% month-on-month in September, and traditional peak season performance fell short of expectations; export growth from leading exporters also slowed, as overseas product portfolios stabilized and the pace of expanding new markets normalized. The bank believes that the weak domestic demand background and exports may increase the recent sector's volatility in the overall market; however, the core export argument still holds true, and is expected to receive further support after export tax rebates in the fourth quarter and the clarity of EU tariff policies improves. On the mainland, demand is expected to continue to be concentrated on leading automakers, even when the peak season is weak. The bank chose BYD, Geely, and Zero Sports.

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