Understanding the Market | Auto Stocks Turned Down in the Afternoon, Brilliance China Fell Over 4%, UBS Said Increased Tax Exemption Threshold for New Energy May Be Unfavorable to Market Sentiment

Automobile stocks turned lower in the afternoon, with Brilliance China falling over 4%. UBS pointed out that the increase in the tax exemption threshold for new energy vehicles may affect market sentiment. Although most automakers can meet the new standards, policy updates may be stricter. The Passenger Car Association is expected to raise its growth forecast for the automotive market in 2025. Shenwan Hongyuan stated that the end of automobile subsidies and the expiration of the tax exemption policy for new energy vehicles next year will increase the cost of purchasing vehicles, and there may be a rush to buy in the fourth quarter