Huatai Securities: Commercial Vehicles to See a Recovery In 2023, Bullish on Earnings Of Leading Companies

Huatai Securities said that under the favourable conditions of the Shanghai Auto Show and the pre-Labour Day purchase season, the wait-and-see demand in the passenger car market in April-May is expected to be transformed into actual transactions, driving sales up. Under the general trend of intelligence and electrification development, China Manufacturing will synchronize its efforts in localisation and overseas market development. Continue to focus on: domestic replacement of traditional components; technological breakthroughs to drive industrial growth; 800V high-voltage and other subfields with leading edge. Commercial vehicles in 2023 will usher in a recovery, bullish on the recovery of the earnings of leading enterprises.