UBS released a research report saying that Chinese car companies have continued to be pressured over the past month, but related concerns are gradually being reflected. The recent clarification of value-added tax policies, along with trade negotiations or progress between China and Europe, will help eliminate the main haze. As overseas sales continue to expand, industry leaders may also face revaluation. The bank has a positive view of the outlook. In terms of individual stocks, the bank continues to prefer BYD, Ningde Times, and Geely with a “buy” rating.

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