The CITIC Construction Investment Research Report points out that the passenger car sector has rebounded, and robots have experienced significant fluctuations. Apart from changes in liquidity factors such as “high and low” capital, there are also changes in expectations. Passenger car OEMs' production and sales data and pessimistic expectations for the restoration of the new vehicle cycle in June; Tesla's humanoid robot Optimus Fremont production line is nearing mass production, Yushu's IPO registration was approved by the Securities Regulatory Commission, and July-August became a long window for industry catalysis and trend verification; commercial vehicle export sales were steady, and performance is expected to be realized. We are still optimistic about the high-end automobile market and overseas markets throughout the year. At the same time, the bottom alpha standard in the robotics and smart driving sector is cost-effective, and the mid-term industry trend is expected to continue to be realized.

The CITIC Construction Investment Research Report points out that the passenger car sector has rebounded, and robots have experienced significant fluctuations. Apart from changes in liquidity factors such as “high and low” capital, there are also changes in expectations. Passenger car OEMs' production and sales data and pessimistic expectations for the restoration of the new vehicle cycle in June; Tesla's humanoid robot Optimus Fremont production line is nearing mass production, Yushu's IPO registration was approved by the Securities Regulatory Commission, and July-August became a long window for industry catalysis and trend verification; commercial vehicle export sales were steady, and performance is expected to be realized. We are still optimistic about the high-end automobile market and overseas markets throughout the year. At the same time, the bottom alpha standard in the robotics and smart driving sector is cost-effective, and the mid-term industry trend is expected to continue to be realized.