Post: Continued high fulfillment of automotive parts performance

In the first half of 2024, the automotive industry’s exports supported the prosperity, and the commercial vehicle sector performed well, with a dividend style better than growth. In the short term, with the slowdown in domestic demand for passenger cars, competition is intensifying, and OEMs that control costs, have strong technology, and new car potential have an advantage. In the medium term, the iteration of intelligent driving and export elasticity are expected to continue to exceed expectations; The export volume and price of commercial vehicles have both increased and the pattern is stable, supported by high profits and high dividends from leading companies; The performance of automotive parts continues to have a high degree of realization, and the advantage of manufacturing scale brings about a new growth curve with favorable valuation.