Three Major Brokers' August Auto Reports: Export Alpha, Involution Zero-Sum, and Cycle Bottom
CSC, UBS, and CMB International released auto industry research reports in August, focusing on three core themes: export alpha, involution zero-sum game, and cycle bottom. UBS believes Chinese automakers' overseas expansion maintains strong momentum, with leading companies achieving double-digit or even triple-digit overseas sales growth. CMB International highlights that bus exports and domestic demand are resonating upward, with Chinese brands capturing approximately 50% of the global NEV bus market.
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