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Nomura Expects CN Auto Industry to Post LSD Hike Next Yr; Trade-in Policy May Extend to Electronic Products
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Nomura said that competition in China's auto market continues to escalate, but both wholesale and retail sales have still recorded decent YTD growths on the back of a high base. Plug-in hybrid electric vehicle (PHEV) sales have seen particularly marked growth. The broker expected that automakers will continue to strengthen their research and development of mass market models in the future, while also seeing inventory levels improve YoY. Nomura forecast market competition to persist, and the automobile industry to record an LSD hike in 2025, even with a higher base this year. AAStocks Financial News |
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